http://finance.yahoo.com/q/hp?s=BGCI said the line in the sand was $35 then flew back to $40.This was predictable
the high was $39.42...close enough
$40 after China's GNP number tomorrow
just like clockwork
http://finance.yahoo.com/echarts?s=BGC#chart2:symbol=bgc;range=1y;compare=^gspc;indicator=sma(50,200)+volumema+stochasticslow;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefinedThis more telling. Now trading below 50d ma, not good.
Agreed, I sold today at $35 and took nice profit (bought at $20). Chart looks weak, I will re-enter when it stabilizes.