Wednesday, July 29, 2009

Whipping Boy

Yes, poor Goldman Sachs is the public's whipping boy. Gambling with government money for sure but aren't we all just a wee bit jealous over how they can turn shinola into gold? I know I am.

So here is a Quick Take on the stock. The market is a lot stronger than regulators even will be.

You make the call. I just show the chart.


Ramu said...

GS crossed above and stayed above the resistance you showed in the chart. Is it a bullish sign?

Quick Takes Pro said...

Don't read too much into short-term support levels in a roaring bear market acting as resistance now - months later. Resistance then acting as resistance now would be better.

The point is that GS is in the resistance zone.