I mentioned a 112.31 rally target yesterday half in jest, but if you look at the rally unfolding on the hourly chart, as opposed to the daily, you can see that there’s enough power to get the stock there. The midpoint resistance is 92.55, and although GS hesitated there for a day-and-a-half, it blasted well clear of that number yesterday. A pullback to 92.54 should be scrutinized for low-risk buying opportunities, but we should also view the possibility of shorting 15 points above these levels as realistic. We can look for “camouflaged” entry opportunities in the chat room — and I’m sure there will be some good ones — but once again, I hesitate to suggest that this rally can be safely ridden via advice disseminated the night before.
