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Technology Stocks : Semi Equipment Analysis

SOXX 297.50

-2.6%

Nov 6 4:00 PM EST

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To: Sam who wrote (56666)	6/24/2012 10:20:25 AM
From: Sam	1 Recommendation of 95383

This is from Schaeffer's "Trading Floor Blog," referred to in the previous post. Did Goldman Sachs Just Call the Bottom? It wasn't that long ago Goldman Sachs was singing a different tune by Ryan Detrick 6/22/2012 9:38 AM One of the big market-moving items from yesterday (and there were several) was a call-out of Goldman Sachs that clients should build short positions in the S&P 500 Index (SPX) with a downside target of 1,285. My, oh my -- how things quickly can change. It wasn't that long ago that Goldman was calling this the best buy in a generation and saying how investors should rotate out of bonds and into stocks. Well, that call was within a few days of the peak so far this year. The big question now is: did Goldman Sachs just call a bottom? I don't know, but this is sure one worth following. Chart courtesy of StockCharts.com

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