GS broke out

Discussion in 'Stocks' started by cybercash28, Feb 5, 2009.

  1. GS down $2 after hours.....good call, I just don't have the balls to short it.
     
    #31     Apr 13, 2009
  2. Its really a no brainer short. Look at the chart, 138 is the key resistance point (look in 2007 where it dips) and 130 is the retracement. Short at 130, stop-loss at 137.

    You know that the stock would sell off on the news.

    Look at Wells Fargo...meandered around all day because there is no more news for it to sell up to. So its time to sell just like its time to sell for GS.
     
    #32     Apr 13, 2009
  3. GS Chart with Time/Price Fib. Levels marked...

    Regards,
    Suri

    [​IMG]
     
    #33     Apr 13, 2009
  4. GS ABC/Fib. Levels chart....

    Regards,
    Suri

    [​IMG]
     
    #35     May 6, 2009
  5. NYC212

    NYC212

    one of my bad trades today


    bought at the break out at 136.75. then shorted it. and got hurt. I eventually went long again with MS, BAC and C though

    got chopped up. I was stupid to short it at the day's high
     
    #36     May 6, 2009
  6. GS Price/Time Cycle Chart...

    regards,
    Suri

    [​IMG]
     
    #37     Jun 10, 2009