Classic TA Workplace Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: 2MAR$ who wrote (139803)	12/31/2006 12:06:04 PM
From: skinowski	Read Replies (1) of 209892

Howdy, 2M... I think GS is similar to LEH which I discussed in a post nearby - except that GS is much stronger. The impulse since last summer went hard up to great new highs. The choppiness and the momentum divergences of the last several weeks could be a sign that the show may be coming to an end... or, at least to an intermission... -g. The advance since Oct 2002 looks like a large five-waver... with the extended 5th starting in Aug 2004... with the 5th of that 5th taking off last summer. Short term, based on the chart of GS, I cannot be very confident that there may not be another move up - something along the lines of MC's "pending 5th of 5th". Probably the timing of trades in the short term should be based on other indicators and setups... but the larger picture is getting iffy for the bulls, imho.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next