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[hiker]

http://stockcharts.com/gallery/?goog

first close below the 21 ema since October....the daily 5 ema is approaching a bearish crossover of the 21 ema. The value of the daily PSAR buy is $410.20, and the distance of price from the PSAR continues to decrease.

The value of the weekly PSAR buy is $403.43. First close below the weekly 5 ema since October.....remains above the weekly 8 ema.


14:55 GOOG Google: Piper Jaffray analyst on CNBC (416.49 -3.66) -Update-

Analyst comment how it will be very hard for GOOG to have another year like 2005, saying it is very hard to maintain the growth GOOG has had for another year, but he says they are expecting solid growth from the company in 2006. When asked about new products the analyst says GOOG has been working on their bandwidth issues. When asked what is the internet name in 2006, says it will be GOOG, since it will be hard to take that title from them. Sees GOOG expanding in the new year, to more than just search. When asked about Yahoo's (YHOO) EPS multiple compared to GOOG, he comments that Yahoo and Google are good buys.


09:32 GOOG Forbes columnist says GOOG will fall 50% in 2006 (416.78 -3.37)

Not much explanation provided, but Forbes columnist Daniel Lyons in his "Bold Prediction" portion of today's column says that GOOG will drop 50% plus by the end of 2006.