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Strategies & Market Trends : Point and Figure Charting
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To: Fintas who wrote (28274)2/24/2017 11:45:28 PM
From: Fintas1 Recommendation

Recommended By
Ms. Baby Boomer

  Read Replies (1) of 34822
 
Here's GS trend chart.

Couple of observations.

This move Up came off a 145 ish back in NOV 2016. So that's a HUGE MOVE in a very short time.

So the retrace I presented is not far fetched and can be seen whether it happens from where this chart suggests or one box higher. Those who are buying GS in the 240-260 range also enjoy Russian Roulette.

IMO

Fintas OH and since GS carries an 8% weighting in the DOW.What happens to the DOW when it falls as well as the associated ETF etc. UGH.

51617
291.60 291.60
277.02 277.02
262.44 262.44
247.86 2247.86
233.28 •C233.28
218.70 6•X218.70
204.12 5OX204.12
189.54 XOB189.54
174.96 OX8X174.96
160.38 4•1X160.38
145.80 •2•145.80
131.22 •131.22
116.64 116.64
102.06 102.06
14151617
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