Wednesday, January 19, 2011

Trade Update: GS

We entered GS 1/4 long at $172.67 and 1/4 long at $162.25 and we got stopped out at $168.50, for about a break-even trade. The shares ran up to narely $175 before being turned back. It's failure to break the old 52 week high of $186.41 has put GS firmly into a year long downtrend to go along with the well established historical one.

We will probe GS for another entry point long or short.

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