GS Charts

This is a core position, meaning it is considered a longer time frame trade.

 This is the long term 2-day chart showing distribution in 2007, accumulation at the 2009 lows, distribution in to the 2010 highs and currently with the last run having no significant accumulation period.

 The X-over Screen has given all 3 signals short/sell

 The Trend Channel broke down at the same time as the market, this is what typically happens after, volatile chop before a drop, but there's a definitive change in character and thus the trend is over.

 Using a roughly thrown together Linear Regression channel, there were 2 channel busters, they seem bullish as they breakout of the top of the channel, but often lead to reversals, the first wasn't that big, the second was bigger (with distribution) and now we are kissing the channel good-bye.

 The 4 hour chart with different accumulation/distribution points, this is the largest leading (negative) divergence on the chart

 The 2 hour looks almost exactly the same-good confirmation

 The 60 min with the trend confirmed and then negative

 30 min

 Now from the faster charts, 1 min

 2 min isn't playing along

Nor is the 3 min.

I like GS short here, I'd give it a little room on the stop or to add to, but I like it.