I know that some filks are still hiding in the bunker waiting until all the bad news is out. I have been out of any financials for a while, after getting burned in July for holding GS calls going into the Subprime credit crisis. Now, while making a lot of green in technology, I haven't had the inclination to re-enter the Investment Banking sector, thinking that I had missed most of the run back up.Well, GS may give me another opportunity to make a little green. The daily chart is almost a perfect cup with handle and GS looks primed to clear the last resistance and break out. My hope is that the handle take another week because the stock has been hot lately. I would certainly like to see the stock not as overbought as it looks at the moment.
Anyway, I will be paying attention and hoping for a ride on volume after it clears $233.50.
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