GS broke out

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.
 
GS Chart with Time/Price Fib. Levels marked...

Regards,
Suri

attachment.php
 

Attachments

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
 
You must log in or register to reply here.
Back
Top