Short Term Trading Member Forum

[techcharter]

GS E-waves


Since early October 2011 GS has been making a 3 segment corrective rally.

http://stockcharts.com/h-sc/ui?s=GS&p=D&yr=0&mn=8&dy=0&id=p65564885117

Wave A October 2011 low to October 2011 hi.
Wave B October 2011 hi to late December 2011, triangle.
Wave C Currently in progress. Wave a was motive. Wave b was a flat. Wave c an ending diagonal in wave 4.


http://charts.insidestocks.com/chart.asp?sym=gs&data=Z60&date=051406&den=HIGH&divd=Y&evnt=ADV&grid=Y&jav=ADV&size=D&sky=Y&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk

Other technicals are supporting the e-wave count.
RSI is declining as the price makes a choppy rally. Divergence
Stochastics are overbought.
MACD is about to trigger a sell.