Posted by Blain 18 December 2007

Intraday Distribution Alert, Goldman Sachs Falls Under Nov Lows

Real time Goldman Sachs, ticker GS just under cut $201.57 which is the low set in November. The stock hasn't seen prices under this since way back in September.

Some investors say that Goldman Sachs is a direct representation of the stock market as a whole.

Here is the screenshot I just took intraday,

gs-121807.pngClick to view, click again to zoom

Here is a view of the last few months,

gs2-121807.pngClick to view, click again to zoom

Keep a close eye on GS to see if it falls under $200. Today is already on pace to signal a sizable distribution day for GS stock.

RSS Feed Subscribe to get Free Updates.

Comments

  1. Posted by Bryan on December 18, 2007 at 1:25 pm

    Maybe filling that gap from back in mid-September?
    4% for news that didn't seem that bad. They said they had a bad November. Charlie Gasparino on CNBC said it was maybe their worst month ever. I don't like betting against Goldman but if the sentiment keeps negative we could see $180 before we see $220 again.