Goldman’s Death Dive?

Although we shouldn’t get our hopes too high, technical evidence presented in today’s tout for Goldman Sachs suggests that the stock could be on its way to oblivion. A further fall of $31 from current levels seems plausible in any case, so let’s stay on top of the stock for now, the better to leverage the move.

  • Darwin Hostelley December 2, 2011, 9:52 pm

    Rick, how are you defining “intermediate term” (1mos/2/3) when referring to the potential violation of the hidden pivot @ $97.28 on Goldman Sachs leading to (potentially) an “intermediate term” decline to $63.09?