Some traders get a little more aggressive when they are seeing a Head and Shoulders pattern and don't wait for the breaking of the neckline to make their next move.
Last Thursday, when the market sold off hard, ProSharesUltrashort FTSE/ Xinhua China 25 (FXP) broke a 5-month inverse Head and Shoulders on heavy upside volume.
Goldman Sachs Group, Inc (GS) reported earnings this morning and blew away expectations as its prime brokerage, asset management, and equity underwriting divisions collected more cash then anticipated.
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