Still looking at this stock Break line appears to be 180-195 Any comments on what makes this pattern 'not' a head and shoulders top?
From an Elliott Wave perspective, the move from ~240, the early October high, down to ~212, the mid-October low, up to ~250, the late October high, and down to ~202, the early November low, represents an "expanded flat correction", a type of continuation pattern.......the continuation being higher. The stock seems to be taking a rest before rallying in 2008. We'll see.
Stock must rally. They´re subprime short. Hedge Funds long. Private Equity long. And Abby Cohen sees S&P rising 14 % in 2008. Any chance to do wrong ?
Suss-------When Giselle wants to be paid in shares of GS, that will be the time to sell! Keep an eye & ear on the fashion news until then.