Goldman Sachs Head & Shoulder Top

Discussion in 'Technical Analysis' started by myminitrading, Nov 20, 2007.

  1. If GS drops rest assured the fed will rush to the rescue, dammm pigs.
  2. Volume looks good for the pattern.
  3. Line chart
  4. still waiting for the right shoulder, correct?
  5. 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?
  6. 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.
  7. 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 ? :D :D :D
  8. 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. :p
  9. I´ll do ! LOL !!! :p