Blog description

My photo
A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Thursday, March 13, 2008

GOOG steps up and falls off a ramp

http://clearstation.etrade.com/cgi-bin/intra?Symbol=GOOG&cs=&ci=None&gtyp=Candle&gs=Huge&event=1&gr=1&tic=5-year&int=95&i1=MACD&i2=MACDHist&i3=Stochastic&i4=rsi&e1=13&e2=50&e3=200&olay=None&x=61&y=11

The link above will should send you to a clearstation.com view of a 5 year weekly GOOG chart. Long term support about to be breached at $400 will send the GOOG downward spiral stair stepping to the basement of ????? At least $300 with bear flags along the way which are easily marked by the corresponding steps on the way up. Wait for the end of this Bull push which may last until the Tuesday Fed cut of 100 basis points which will confirms the $%^&-storm the American economy is really in. Sell the News!

No comments: