Tuesday, January 24, 2006


Here is an updated hourly chart of Google.

Yesterday I said that Google would meet resistance at 425 then drop to 405 or so. Contrary to my expectation GOOG today has rallied as far as 444. I think it will continue up to 456 or so but still will pay another visit to its recent low point. My best guess now is that the break from 456 will stop around 408.

Short term fluctuations aside, I still think GOOG will reach 495 in a few weeks.

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