an email tonite from gann global, got me to thinking about the mkts and what is happening...it made me question my assumption that the markets are going to be kept afloat @ any cost until the elections...so i decided to look @ some weekly charts of the djx, oex, spx, smh, ndx and others... all of them looked rather weak.. i remembered that goog was a high flyer and might be very weak...but it was not so in comparison...on further examination it actually looks decent attached is a weekly chart with some rough thoughts about it....comments?
Given what happened to Apple, I won't be surprised to see GOOG drop below $530 if there is any hint of a slowdown in the report.