4 replies to this topic

[SemiBizz]

Snippet from Monday's GS Forecast:

 

 GS - DOWN ON STRONGER VOLUME - perhaps the one chart that is not supporting the idea of a continued downtrend here is the GS Chart.  While other indices and issues are testing important support, GS is holding it's recent gains over the 160 level, closing at 164.11 on Friday.  So from our standpoint, since we consider GS to be a leadership stock, we would have to see some further decline to support any idea of a sustained pullback.  Now from the candle signature we got on Friday... we can derive a measured move target of 159-160.  If there is anything to the weakness in the market beyond normal pullback, we will expect this to move down under 160 in short order to match the bearish action in the other issues and indices. 

[Rogerdodger]

Looks like somebody at GS turned in their lunch tab.

[gannman]

Ha ha do they have a Wendy's near there ha ha

[K Wave]

GS breaks 160...is the double whammy back kiss of hourly 900 in conjunction with daily 900 going to spoil the bulls party??

 

155 looking very critical now going forward...

 

And I would not want to be short above 170 now....

 

GS hourly

 

 

GS Daily

 

[SemiBizz]

Snippet from Monday's GS Forecast:

 

  Now from the candle signature we got on Friday... we can derive a measured move target of 159-160.  If there is anything to the weakness in the market beyond normal pullback, we will expect this to move down under 160 in short order to match the bearish action in the other issues and indices. 

 

Pretty dammm good signal... GS 159.12 low so far here