I commence with my gratitude to The All-Knower
Goldman Sachs (Symbol:GS) has been forming a special pattern, which it has been following since October 2010. Based upon the past, the future can be predicted up-to a great certainty. Once it breaks the current price level then it is ominous for GS and If that pattern is still being followed, which I am sure that it is,…. then GS is going down to $120 and then $100 levels.
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
http://trade-in-harmony.blogspot.com/
Here's my five cents: in the immediate future, IMHO, $130 support will not break. We may see a bounce off this level and a bear flag first (which could take some time) before a clean break of the $130 level occurs. Of course only time will tell, but I would not be buying any puts at this time 🙂
Thanks, once again, for sharing your analysis!
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