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.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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