If hedge funds do this, Goog will be a self-fulfilling prophecy and go up with tremendous volume. Anyone have any ideas if hedge funds will pump money into google purposely to help it break the $513 double top.
This is the funniest response I have ever seen. LOL! On another note, looks like GOOG is trading above 513 - let's see if it sticks into the close.
I know nothing is 100% accurate in the stock market. Maybe I should have phrased the question differently. Do hedge funds sometimes watch certain widely watched technical indicators and purposely create self-fulfilling prophecies when targets are near to cash in on the indicator. Thanks.
I think the answer you need to hear is that even if they do, they can only push it so much. Smart traders don't have their buy orders at $513.06...they wait to see strength in the move and then will move in.