It is entirely conceivable that the SEC’s lawsuit will be the beginning of the end for Goldman Sachs & Co., since class-action suits likely to follow are potentially endless.  Meanwhile, I am holding to my “hula prediction” that the stock eventually will trade under $30, but I must mention that, at the moment, GS does not look like a disaster from a Hidden Pivot perspective.  See for yourself, since, as the daily chart makes clear, the stock’s steep dive this week failed to create a bullish impulse leg.  This fact amazed me when I first confronted it, but I cannot simply ignore the evidence just because I believe deep down that the company is a dead duck.  There is no impulse leg here (i.e., on the daily chart) because the stock had two good runs at the #2 external low but couldn’t crack it.  The retracement rally has since gone far enough to produce a legitimate B-C leg (relative to one-off A=182.01, 15m),  and we’ll be watching closely to see whether the next bout of weakness cracks the midpoint support of the  ABC pattern thereof.