Sunday, November 04, 2007

GS Analysis for 11.04.2007

GOLDMAN SACHS GROUP INC - GS

Monthly chart shows possible 5 waves up into current high. Move up has been made with divergence.

Weekly chart shows possible 5 waves in wave 5. Weak sell signal in place currently.

Daily chart shows selling began on Thursday, when sellers gapped down the stock at the open and continued on Friday. IF we have 5 waves up into current high, THEN look for abc corrective move into .618 fib at the $193.50 - $194 range.

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