stockbroker
Registered Member
After calling short on Monday's open, I'm already up nicely on this call.
Google has fallen through the 100 day EMA and MA. Very few times has it fallen through the MA, and just barely has it ever dipped to the EMA. Now its BELOW the MAs. I personally think google is going to $325 to the horizontal support line. From there it has support at my support line then about $275. After $275 its over for google. IMO, its going back to $200 even and it will be traded like a typical high growth stock.
Watch out, the rally is over.
[symbol]GOOG[/symbol]

Google has fallen through the 100 day EMA and MA. Very few times has it fallen through the MA, and just barely has it ever dipped to the EMA. Now its BELOW the MAs. I personally think google is going to $325 to the horizontal support line. From there it has support at my support line then about $275. After $275 its over for google. IMO, its going back to $200 even and it will be traded like a typical high growth stock.
Watch out, the rally is over.
[symbol]GOOG[/symbol]