The crash of the Titan.

It's the Goldman Sachs news that gave investors a reason to sell and take some profits on Friday. Federal regulators have filed civil fraud charges against Goldman Sachs over its dealings in subprime mortgages.
The SEC charged Goldman and one of its vice presidents with failing to disclose key information to investors regarding complex mortgage-backed securities.The charges come as the Obama administration seeks greater regulation of the nation's banks and their trading of exotic securities like those involved in the Goldman case. These kinds of investments are widely seen as one of the triggers of the financial crisis that crippled the nation's financial system in the fall of 2008.
Paulson & Company,the hedge fund helped Goldman structure the deal and then bet against it, making huge profits when the housing market fell in 2007. But Goldman didn't tell investors that the hedge-fund firm was involved in putting the deal together, or that it was betting against the structure.


But Paulson was let off the hook because Goldman made representations to investors, and Paulson did not.By right he should also be charged as an accomplice and also insider trading.
The firm has grown quickly in recent years and now oversees more than $30 billion in assets, making it one of the largest operators in the $1.5 trillion hedge-fund industry.
These blood suckers have caused the world's financial markets worldwide to go backward to the time tunnel.
The Dow on Friday is Index/Option futures expiry day.
9:30am:--Open with a bearish hammer.Overseas also down.Asia's property bubble,Europe's Greece bailout problem & US Google financial report a big question.
10:30am:--Session high with a bearish harami.Annualized housing starts for March increased 1.6% month-over-month
11:30am:--Bears spike down.
12:30noon:--Morning session low established.Preliminary Consumer Sentiment Survey for April from the University of Michigan shows the worst result.
1:30pm:--A slight indecision doji near the low.Goldman Sachs (GS 165.40, -18.87) has been charged by the Securities Exchange Commission with fraud related to subprime securities.
2:30pm:--Ascending soldiers attempt to lift it up but failed to test the MAV resistance.
3:30pm:--Pullback to bear pivot.Bullish spin noticed.
4:00pm:--Hit the MAV reistance,ending with 3 black crows.
The overall April's candlestick is still in a bullish mode.The slotting of Goldman Sachs news is a pre-emptive strike to checkmate the aggresive bull and an excuse for profit taking on this index futures expiry day.
I also suspect that the Treasury is also unloading its large containers of Citigroup shares systematically without market suspicion.Citigroup will be announcing its earnings on Monday.
The bears on Friday were overwhelmed by the bulls in the last minute by bringing the index up very close to the MAV resistance.