Thursday, May 11, 2006


Here is a daily chart of Google. I last commented on GOOG here.

I thought that the second phase of the three phase reaction from 455 would carry at least to 420 but the market only made it to 412 or so. The third and final phase is underway and I expect it to stop at the 3 7/8 mutliple of the 96 all time low in GOOG near the 372 level. Once this reaction is complete I expect a move to 495.

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