Goldman Rallys Back To Support Turned Resistance

Discussion in 'Technical Analysis' started by Aaron Copland, Sep 19, 2008.

  1. Wow up 33.32% to 144.03 on 2 million shares, its magic. All I se is lower lows and lower highs.

    This rally up to resistance is a great shorting opportunity, oh heck what am I thinking the goverment changed thr rules in the middle of the game, thats cheating.

    Stay away, if Obama wins this company is toast.
  2. I see it making a huge weekly long-tailed hammer bottom on mass volume if the market rallies back to the highs today. In my experience that is a very probable sign that the next week will be up.

    I'm long 165 Oct calls, looking to sell next week.

    I think GS may run back to 180 or 200 in the next few weeks and all the financials will set us up for another awesome short opportunity :)

    Or long SKF opportunity...will be interesting to see how low SKF can go.