Monday, November 05, 2007

When to Start Buying?

Time to start chipping away at Goldman Sachs? Of course we all know the Financial Sector has suffered losses that have evaporated gains accumulated over the past 5 years for many of the big names (MS, MER, C, BSC). GS has mostly been the exception for the short sellers. Of course back in August was an ideal buying opportunity. It's now back to the 50EMA for GS which got a resistance bounce from the 100EMA in this afternoon's trading. Also, today's low range coincided with the low from 10/22, $0.20 off from that low pivot range.

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