Tuesday, April 10, 2007

GOOG Update



One of my readers wanted to know if the cycle is still in play for GOOG so I'm posting the above chart.

I've been bullish on GOOG due to the 6 month cycle that has been dominating Google's price action since this stock began trading. So far the cycle is working perfectly and I am looking for a move over 500 for this stock.

You can place a protective stop below 435 or the trend line, whichever you are more comfortable using.

The entry for this trade was at 455 based on my inside week method.

My original forecast for GOOG can be read here

Posted by Kevin

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2 comments:

Sandro said...

Kevin, what do you think about XHB (homebuilders) chart?

(That's the hand that feeds me with all my puts)

Thanks!

3:37 PM
Kevin said...

I have one word for the homebuiders....LOWER

6:43 PM

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