Monday, December 12, 2005


Here is an updated daily chart of Google.

I've got nothing new to say about GOOG but I thought you might like to see another example of caculating support/resistance levels using the "1/8" multiples of a low. The lowest price GOOG actually traded was 95.96 the day after its IPO.

I think GOOG is headed for the 440 area and from there will react at least to 419 and quite possibly to 395.

1 comment:

Anonymous said...

you're terribly mistaken.

Google breaks $450 after they report on 1/31/06.