Thursday, December 6, 2007

GS Technicals are Scary

Wow. GS is now is what is called a perfect symetrical triangle, which is a continuation pattern of the previous uptrend. Well almost. The only thing not prefect about this pattern is that the trend is a little short. It should be at least a couple months and it has been only six weeks. Somehow, I don't think that this stock is going to wait.

Next stop is $275 by the end of January:

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