I agree with the original poster, I think that GOOG is due for a retracement. The other important thing to consider is that it's likely to drop steeply at some point - with such a high P/E justified by high growth, at some point GOOG is going to seriously disappoint the street.
Here ar some TA links: http://charts3.barchart.com/procal.asp?sym=goog http://www.stockconsultant.com/consultnow/basicplus.cgi?ID=sample&zz=8863&symbol=goog#ttop
Glad to hear your well educated on options zxculfu It just after 1:30pm & GOOG down but in a pretty tight range on low volume --> I'm still looking for the break below 288.50 today to get it really rolling down hill
Do not know if GOOG will break below low of month 286.99 today. BIDU 's profit taking may help the GOOG sliding. GOOG just spiked down!
We're looking good Mr Z -> with GOOG breaking 288.50 I'm staying on the train south ---. hope your options are moving too GOOD LUCK & GOOD TRADING !! PS I'll re-calculate tonight but my previous key numbers (previously posted) are in effect NOTE - LOW VOLUME DECLINES ARE USUALLY GOOD FOR THE BEAR
YO zxcv1fu ----> A ? Where did you come up with your # for month's low? For August I have 288.10 as low (before today) which happened on 8/1. If 288.10 is correct then we just made a new low for the month !!
My numbers r from: http://charts3.barchart.com/procal.asp?sym=goog Guess they r trying to run the stops below I was pleasantly surprised by my software low alert
Now they show today's lod as 4 wk low. See what record high oil did to the tech rally attempt today: http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[h,a]dacayyay[pb9!b18][vc60][iLa12,26,9!Lah12,26,9]&pref=G Should have oil calls but I have not traded future options yet.
Well, it looks like we broke the support level at the end of the day. Guess we'll soon see if prices start to slide !