Goldman a big seller in the pits

As expected a lot of "paper sellers" this morning with Goldman selling a couple of thousand off the open. Oddly enough the ES is holding up considerably better than the other e-minis which have now bottomed somewhat but internals are still very weak. I'm short from 1326 on the ES. Should be an interesting session. Watch for a break of the first hour range here. Volume as you would expect is extremely heavy. At this stage, the locals are heavily long after buying from paper so anymore continued selling will create an avalanche of supply and they will be forced to cover, thus pushing the futures lower. At this juncture, the locals will try and push higher from here and try to trigger some buy stops from those that are short (myself included).