February 12th, 2012
Published Daily

GS – Goldman Sachs (Last:136.44)

by Rick Ackerman on May 21, 2009 6:05 am GMT

by-exceeding-peaks-1-and-2The stock’s last thrust contained the kind of hidden power that creates buying opportunities. Specifically, the high at 144.86 exceeded two prior peaks — including an “external” at 142.00 from early October –but without getting past a more obvious September 19 high at 144.98 that the riff-raff would tend to use for a breakout signal. In short, we have camouflage here, and with it the prospect of entering with the uptrend once it resumes. This is too tricky to plot in advance, but stay tuned for updates, since it may be possible to board intraday.



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