Am I reading GOOG right?

Discussion in 'Technical Analysis' started by Grebnehtor, Jan 22, 2010.

  1. I am afraid I can not answer that, and the earlier postings were not advice, just a bit of my own trading style.
    Best to you.
     
    #11     Jan 23, 2010
  2. stumpzy

    stumpzy

    when baidu and google aren't linked together in every headline..we will have a better understanding

    calls may be looking nice soon, but play it how YOU see it.
     
    #12     Jan 23, 2010
  3. Not suggesting either way just a chart with my opinion. I was watching GOOG for a cup and handle pattern confirmation(seen on daily/weekly charts) and a run to the highs (700's). It's previous topping reversals fall '07 and summer '08 as you can see took time - sideways before reversing is typical. The peak it printed this month at Fib 76% does not tell me it is reversing yet and it is now back at a support level Fib 62%. Note how it consolidates or reverses at the Fib's levels on the chart. Just my observations.
     
    #13     Jan 23, 2010