Tuesday, September 26, 2006

Google and Fibonacci

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

In that last post I observed that the big swings in GOOG were very close to The numbers in the Fibonacci series. Continuing on this theme I am willing to guess that the swing up from the recent low at 363 will amount to 144 points and carry GOOG to the 507 level.

1 comment:

Anonymous said...

Thanks for the update on EBAY. Is there any timing component in your analysis? For instance, when you say Goog will get to 507, do you have any mechanism for determing *when* it is likely to do so?