which leads me to suspect we are tracing out a flag type formation that will break down towards the low 150ies which when sketched out appears to have a good feel to the chart picture...
Thursday, September 3, 2009
GS on balance volume 1 minute basis...
The on balance volume in GS on a one minute basis over the last 3 days shows much heavier volume on the sell and what I suspect is shorts and market order buyers getting squeezed on the up ticks which reveals itself in the OBV highlighted in the chart below...
which leads me to suspect we are tracing out a flag type formation that will break down towards the low 150ies which when sketched out appears to have a good feel to the chart picture...
which leads me to suspect we are tracing out a flag type formation that will break down towards the low 150ies which when sketched out appears to have a good feel to the chart picture...
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