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#1 hiker

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Posted 21 December 2006 - 11:32 AM

just watching for now...I most like 439 for long entry but 451-455 may be the ticket -

is 2.25 std devs from its 20sma- never seen
it that stretched.

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Edited by hiker, 21 December 2006 - 11:35 AM.


#2 hiker

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Posted 21 December 2006 - 12:13 PM

Motley Fool adds to the wall of worry with an article today expressing concerns about GOOG for a 2007 trade -

http://www.fool.com/...6...sit=y&npu=y


pnf chart update

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#3 HiFiGuy

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Posted 21 December 2006 - 12:52 PM

(Cross Post with Chart)

Hiker,
I'm bearish on any break lower from here. The fact that this last rally from the triangle break was so muted seems an indicator of weakness/lack of demand. Momentum turning IT negative. Price is right on its trendline from its 2004 ipo. looks like a viable short to me on any st strength. It's possible that the entire move from the IPO would be corrected here on a break of the red (EW 2-4) trendline, which is now at about 430.
http://stockcharts.c...2166&r=5768.png

Edited by HiFiGuy, 21 December 2006 - 12:53 PM.

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#4 hiker

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Posted 21 December 2006 - 01:05 PM

horizontal zone of interest is marked...much below 450 and this zone may be targeted...it has to move below 450-455 first, and I am not predicting that here....just an fyi for risk/reward measurement purposes...the upside may be limited by the ema's shown in the charts above -

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#5 hiker

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Posted 21 December 2006 - 01:22 PM

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#6 spielchekr

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Posted 25 December 2006 - 01:53 PM

For every buyer there's a seller, they say.



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