Thursday, January 10, 2008

Trade Alert:GS BSC

The Plunger Protection Team huddled publicly in the oval office Tuesday, then rate cut rumors followed by a turn around yesterday in the stock market. Are these related, only a conspiracy theorist would say so, but I am a coincident theorist so I say just a change in market direction is occurring. Since a change in market direction will always be lead by the financials which is lead by Goldman Sachs this is what we will buy for the ride up. The stochastic in the 15 minute chart is over 80 so we may have to wait for a pull back. As far as Bear Sterns goes buy it above 75 with a stop at 73.51. Wait for the alert.

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