Friday, 16 July 2010

GS vs XLF residual chart update

just a quick chart for the $GS residual, updated to where its trading pre-market after the SEC news. Certainley is an interesting level given that its still got numbers to come next Tuesday?
The Raven is going to fade this pop, in VERY small size.
It seems like a lot of people are getting short at theses levels, the Raven got short very early this morning, he's watching it with a very tight rolling stop as this is getting crowded, he wants the cheap seats right next to the fire exit, the ones covered in chewing gum next to the teenagers throwing popcorn at eachother who can't understand a Nicolas Cage film's plot, with an obscured view of the actual screen, yes thats how close he wants to sit to the fire escape..

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