For six more measly cents, the dirtballs who ducked short-covering buyers on the opening yesterday could have squeezed the stock above yet one more external peak . The fact that it exceeded two such peaks is not exactly a sign of weakness, but it’s probably sufficient to cause us to infer that Goldman doesn’t have what it takes to reach new all-time highs. We’ll have to allow for the possibility nonetheless that shorts are going to remain on the hook, at least for the near term, and that the squeeze will intensify in the days ahead. If that’s about to happen, GS should hit be able to hit 184.88 today, slightly exceeding a daunting external peak on the hourly chart.
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