Edited by 2cents, 31 January 2007 - 06:27 AM.
Out on a limb
Started by
2cents
, Jan 31 2007 06:26 AM
1 reply to this topic
#1
2cents
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Posted 31 January 2007 - 06:26 AM
It looks to me as though GOOG has made a double top in the 510 area. The upward consolidation typically results in a snap back to the base around 478. I believe it will test the base of the gap up around 455. I'm short at 494 with a stop at 515.
My opinion isn't worth the HTML it's written on
#2
Bob-C
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Posted 31 January 2007 - 12:58 PM
Hi 2cents, thanks for the GOOG information.It looks to me as though GOOG has made a double top in the 510 area. The upward consolidation typically results in a snap back to the base around 478. I believe it will test the base of the gap up around 455. I'm short at 494 with a stop at 515.
Here is the GOOG daily TL chart:
http://chart.nu/char...6&filter=13.png
Cheers,
Bob-C
Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.
