Do You Have Balls? Goldman Sachs Is Breaking Down

Discussion in 'Stocks' started by ByLoSellHi, Sep 4, 2006.

  1. romik

    romik

    are you serious? wait for a double top at least.
     
    #41     Oct 3, 2006
  2. forgett about the freakin top... if the stock is bullish buy it and keep it till it starts going down.
     
    #42     Oct 3, 2006
  3. rcj

    rcj

    Next time check with Rennick before ....

    ..:p ... rj
     
    #43     Oct 4, 2006
  4. pv150

    pv150

    The quicker these moves, the harder this thing will fall. Think back to May it spent almost 2 months climbing 20 pts and in two weeks gave it all back. :eek: Easy sell signal would be a gap up open 1-2 pts up here. But a short from 175ish has great odds of being profitable a few days out imo, just short more if it spikes to 180 :D .. but shopping for cheap options is more work.
     
    #44     Oct 4, 2006
  5. Since their positive earnings release in early September, the stock has formed a sort of half-arch shape and it's rallied off the top of the arch today (10/3). I've often seen stocks rally off of that half-arch shape and, when they do, they seem to rally strongly. I'd look for something else to short right at the moment. GS will pull back eventually but I don't think that's going to happen in the immediate future.

    There's probably some technical term for the rally off the half-arch but I don't know what it is. I remember seeing it in AET several years ago.
     
    #45     Oct 4, 2006
  6. Parabolic curve?
     
    #46     Oct 4, 2006
  7. Yeah, sounds good. Maybe parabolic arch.
     
    #47     Oct 4, 2006
  8. are you looking at the chart upside down?
     
    #48     Oct 4, 2006
  9. haha, that made me laugh. kudos! :D:D

     
    #49     Oct 4, 2006
  10. Comedy gold.
     
    #50     Oct 6, 2006