GS appears to be tracing out a 5th wave wedgie to complete a 5
wave impulse move from mid December. Could take another week or two
to complete. This impulse wave has so far led to a ~35% price gain.
The 50 MA has provided a good entry point for dip buyers.
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Goldman Sachs (GS) 5 Wave Impulse
Posted by rixx on 13th of Feb 2013 at 09:26 am
GS appears to be tracing out a 5th wave wedgie to complete a 5 wave impulse move from mid December. Could take another week or two to complete. This impulse wave has so far led to a ~35% price gain. The 50 MA has provided a good entry point for dip buyers.