July 29th, 2010
Published Daily

GS – Goldman Sachs (Last:135.41)

by Rick Ackerman on May 13, 2009 5:57 am GMT

if-goldman-surpassesGoldman has come within 44 cents of a key peak at 142.00 recorded early last October on the way down. If that number were to be surpassed by even a penny, it would create a fresh bullish impulse leg on the weekly chart.  If that were to occur, because we regard the stock as a key bellwether for the market as a whole, we might then expect the bear rally begun in early March to continue for yet a few more weeks, if not longer.

Bookmark and Share
Ads are by Google and do not represent the views of Rick's Picks or its affiliates.

Comments on this entry are closed.