Here is a 30 minute bar chart of Google. I last commented on GOOG here.
I think GOOG has a bit more to go in this reaction. I have revised my estimate of support from 466 to 463 and expect GOOG to hit 463 while the broader averages take a peek below today's morning low.
The next significant swing in Google should be upward to the intial 507 target.
5 comments:
I'm a big fan of yours, Carl, but shame on you. You have a Berkeley Ph.D. and at least twice today you have written "take a peak below" instead of "peek". Even if you didn't mean "peek" as in "look", one could say "peak ABOVE" but certainly not "peak BELOW".
Thanks for the correction.
Carl...thanks for your charts and hard work...I'm also a big reader of yours...
Keep the data on GOOG coming!! misspelling is ok...thanks
Carl, thank YOU for the best traders blog that i know of. Am curious why you seem to put so little importance (December Gold: ...and the next big move should be downward to belo 545.)on GLD crossing its 200dma & 50dma as well as breaking out of a reverse head & shoulders pattern.
How about an update on google?
Its now pushing 500 ! I love it!
Thanks in advance
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