Tuesday, December 2, 2008


Just a quick update:

I see a POTENTIAL ending diagonal on the major indices, and Goldman just broke beneath a triangle I’ve been watching (disclosure: I am short Goldman). Evil short seller, I know, I know!

Anyway, here’s a snapshot. On the left you can see the decline in GS over the past two days and on the right is the little triangle that just broke down.

The target on that triangle is about the $58 range.