February 12th, 2012
Published Daily

Industrial Average (last: 8058)

by Rick Ackerman on April 14, 2009 2:05 am GMT

b-is-no-sausageI mentioned elsewhere here today that we might have to adjust our sights upward for this this vehicle if Goldman Sachs shares are about to shoot up 10 percent, above $140.  I doubt the Dow would keep pace, implying a move up to around 8900, but there is a Hidden Pivot resistance at 8569 that can serve as a minimum upside objective if a Goldman-inspired wilding spree really catches on.  Pivoteers please note: The pattern that yields the target is an attractive one, since the ‘B’ terminus of the impulse leg is not a “sausage B”;  indeed, it surpassed a subtle peak to the left recorded in February.



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