Monday, March 24, 2008

Will GOOG fill the gap down of 2/26/07?

GOOG appears to be back-filling the gap down of 2/26/07 and agian the FIB retracement and fan levels can give us a guidepost to ride calls and then enter puts. Near term resistance at 465 then a big fight at 480, intermediate resistance at 491, and a 3 year Fib retracement 38.2% level looms at 497. In other words it may go up, but it will be a painful Bull ride. Remember the overall trend is still a Bear market trend.


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