Wednesday, February 12, 2014

Goldman's Parabolic Move Seems to be turning

Yesterday I posted this, GS is looking like a quick Parabolic Short

This morning it looks like it's turning, the thing with parabolic moves is they tend to fail just as spectacularly as they rise, I NEVER trust them.

 GS 2 min intraday

3 min intraday

10 min is much more serious.

I have not been keen on financial shorts, they just haven't looked as good as others, but with GS looking like it's coming apart and the sector as a whole seeing more damage, I'm going to revisit finacials as I know a lot of you have been asking about a FAZ or SKF long.


I prefer GS as a core short rather than a trading position personally.

No comments: