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,
Click to view, click again to zoom
Here is a view of the last few months,
Click 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.
More on this topic
(What's this?)
Goldman Sachs Responds To Dark Pool Impropriety Allegations
(Zero Hedge, 6/17/09)
Just How Many Regulations Is Goldman Exempt?
(Zero Hedge, 6/12/09)
Goldman Sachs: “Engineering Every Major Market Manipulation Since The Great Depression”
(GreenLightAdvisor Views, 6/26/09)
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.