GS terminal triangle possible

BATS:GS   Goldman Sachs Group, Inc. (The)
The mood created by this pattern is one normally associated with euphoria. Each sharp break leads to a new high and each sharp break is a little less than the previous. The net result is that the buyers have pushed the stock up to an unsustainable price that once it stops, it trips stops and then triggers a sharp decline to the bottom of the triangle formation. The 1987 stock market crash was multiple "terminal triangles" and created bunched stop loss orders. Terminal triangles are rare and this is a tiny one, but the nice thing about them is you know if you are wrong very quickly and the risk of loss is small relative to the potential reward. GS 124.62 12:10PM EST Mar 28, 2012 By Technical Tim

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