This one goes out to Google for providing this blogspot free of charge. Make what you want of the chart below, but to me this looks like a low risk place to short GOOG for at least $100. One would expect serious resistance at $600 based on the stock geometry so thats a good area for a stop.
3 comments:
Hey Pyth, the Goog short looks interesting in deed. As a matter of fact, I think several Q's stocks, including the QQQQ's as well as IWM could be due for a short term (relatively speaking)drop/correction.
But then again, I've been inside all day (75F & sunny today) with a 102+ fever, strangled throat, and dead tired, so my reasoning could be slightly suspect. Always happens on a weekend, when you can't get to a doctor!!!!
great blog. Would you like to create a reciprocal link to my blog?
let me know.
http://www.stockinvest.in
thanks
sandyk
Hey Sandyk, I'm glad you like the blog. Right now we only put up links to sites that the authors read regularly but I will check out your blog. If I find my self reading it often I will be sure to add the link. Of course we'd love to have our link at your site but we'll only put your up here if we use it. Thanks!
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