Monday, December 19, 2005

Google


Here is an updated daily chart of Google.

As you can see GOOG has reached my last upside target. I think a reaction down into the 420-25 zone is likely. The next step up should carry to 490 or so.

GOOG continues to act better than the market averages so I see no reason yet to worry about the end of the upmove from its IPO price of 85.

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