February 12th, 2012
Published Daily

GS – Goldman Sachs (Last:184.37)

by Rick Ackerman on October 19, 2009 12:01 am GMT

Goldman’s sleazy, predatory handlers may be running out of ways to fool us into thinking it may be over for the stock. The air pocket from 193.60 has been gut-wrenching for bulls, to be sure, but the stock would need to fall, without a corrective interruption, below 173.16 to create a convincingly bearish impulse leg on the daily chart. We shouldnt’ rule out that possibility, but until it happens we are obliged to give the benefit of the doubt to a rally that has been nearly relentless for nearly a year.



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