Friday, March 31, 2006

Google


Here is an hourly chart of Google.

I expect the reaction from point d to assume a standard three phase shape. We have already completed the first two phases and I think the market will drop to 378 or so while completing the third phase of the drop. That would make the swing down to point e just a tad longer than the drop from b to c.

Once the d-e swing is completed I expect a rally into the 410-15 zone as the next development within a move to 440.

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