Jump to content


GOOG Watch...

  • Please log in to reply
2 replies to this topic

#1 Wallcrawler



  • Traders-Talk User
  • 1,685 posts

Posted 16 January 2007 - 08:20 PM

Thinking about playing some PUTs on this one... What do my fellow traders think?...

Daily chart

Edited by Wallcrawler, 16 January 2007 - 08:28 PM.

$ No more effort is required to aim high in life, or to demand excellence and success than is required to accept failure and poverty. $ ~ Anonomous

#2 hiker


    independent trader

  • TT Member*
  • 12,118 posts

Posted 16 January 2007 - 09:16 PM

no sell signal yet on the 60 minute...however, price action vs. the recent rising bottoms trendline on the 60 min is of interest. 475 or so would be the max target in my opinion on such a trade with 600 as minimum risk. The December test of the long term rising bottoms t/l off the IPO low held....with a bullish resolution. I suggest the high odds play is buying dips from here ...not shorting them.

Edited by hiker, 16 January 2007 - 09:18 PM.

#3 hiker


    independent trader

  • TT Member*
  • 12,118 posts

Posted 17 January 2007 - 10:15 AM

short it only on closing basis move below 493-496 unfilled gap....491.96 stands out on the daily chart as a spot for potential dip buying...if dip buyers do not step up there, then perhaps lower prices. Until these lower prices are seen, dip buying at higher prices than 496 is likely the way to go.