$700 Goog

Fed schmed

Think I missed it at 696.80

 

Damn things consolidated too much now and could push higher into the close and easily close and hold above $700 now.

There was a great trade on the 5m 11:30 candle but I missed it. (that could easily be the top too)

I would love to see it consolidate and push above $700 into the close, then fade any gap open tomorrow.

stay tuned

 

Who ever took my advice to buy those calls made a lot of money

i did though

 

If you did congratulations BUT I would take profits now or very soon.

This puppies legs are looking real weak at these price levels.

 

How does something breaking to new highs look "weak". Extended... maybe. But definitely not weak.

 

Or maybe not

the technicals are VERRRRYYYYYY strong

a perfect breakout from a 2 year base

even if goog does consolidate it will set up for yet another run to 800 within 5-12 months

The downside with goog is always limited. 30-60 points at most. But the upside is well 300+ points

The chart is incredibly bullish, especially the 3 year.

You cant fail.

 

LOL

I've always been amazed at the herd mentality and I must say that you are fun to watch.

 

Well if you do decide to short google before the fed cuts... I'm sure a lot of people on this board will thank you for your donation.

 

You sound VERY certain and trust me, certainty is not a good quality for a trader to have but to each their own.

 

don't forget BIDU, parabolic rallies as well. My portfolio is up today solely due to BIDU and GOOG.