Goldman Sachs (NYSE: GS) At Rally Highs Says Market Timer Frank Kollar
October 4, 2007 (FinancialWire) (By Frank Kollar)
Shares of Goldman Sachs Group Inc (NYSE: GS) closed Wednesday a fraction below their prior rally highs reached on June 13th.
Goldman Sachs is likely to surpass those highs in coming days. If shares make a decisive close at new rally highs (above $234 a share), Goldman Sachs will probably make a run to our next target, at $254.35 a share, in coming weeks.
In fact, a close above $254.35 could propel this hot stock all the way to $280.00 a share. But that is a tad to far to forecast yet.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
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