http://stockcharts.c...2848&r=5227.png
big reversal on goog
Started by
eminimee
, Sep 24 2007 01:08 PM
1 reply to this topic
#1
eminimee
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- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 24 September 2007 - 01:08 PM
#2
dowdeva
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- Traders-Talk User
- 525 posts
Member
Posted 24 September 2007 - 01:33 PM
Teaparty,
I have been following your posts for a while, and am a big fan. I mostly lurk here.
I study Hurst cycles and according to Airedale, we have a 2.5 week low coming this week, most likely tomorrow or Wednesday. It will also be a 6-7 day low, and a 3 day low. I am not seeing much distribution in the volume patterns as GOOG scales into it's low, and also this last high is 'right' translated, i.e., the high came later in this last cycle rather than earlier, which is very bullish. The 4.5 year low, which came on August 6 also was right translated, as GOOG made new yearly highs just before the low.
Seems like a little healthy correction here, (particuarly after 4 huge white candles on the daily, and three gaps; very mature st rally) and a great opportunity to buy more on the dips. I would, except I used up all my money, including the pennies under the car seat and the quarters I scavenged under the couch.
I have been long GOOG since the August low. My 'hood is on Ihub. Here's a sample of my input on GOOG:
http://investorshub....age_id=23032257
If GOOG consolidates in the 550-560 range this week, the 20 week cycle fld (moving average offset) will cross to the downside, giving a price objective of 620, plus or minus within 10 weeks. I am thinking based on it's past performance that it will easily shoot past that.
GOOG reports around October 18, so this should be interesting.
Good luck to you and thanks for all your expert analysis.
Deva
I have been following your posts for a while, and am a big fan. I mostly lurk here.
I study Hurst cycles and according to Airedale, we have a 2.5 week low coming this week, most likely tomorrow or Wednesday. It will also be a 6-7 day low, and a 3 day low. I am not seeing much distribution in the volume patterns as GOOG scales into it's low, and also this last high is 'right' translated, i.e., the high came later in this last cycle rather than earlier, which is very bullish. The 4.5 year low, which came on August 6 also was right translated, as GOOG made new yearly highs just before the low.
Seems like a little healthy correction here, (particuarly after 4 huge white candles on the daily, and three gaps; very mature st rally) and a great opportunity to buy more on the dips. I would, except I used up all my money, including the pennies under the car seat and the quarters I scavenged under the couch.
I have been long GOOG since the August low. My 'hood is on Ihub. Here's a sample of my input on GOOG:
http://investorshub....age_id=23032257
If GOOG consolidates in the 550-560 range this week, the 20 week cycle fld (moving average offset) will cross to the downside, giving a price objective of 620, plus or minus within 10 weeks. I am thinking based on it's past performance that it will easily shoot past that.
GOOG reports around October 18, so this should be interesting.
Good luck to you and thanks for all your expert analysis.
Deva
Edited by dowdeva, 24 September 2007 - 01:39 PM.
