GOOGLE – a classic head and shoulders top?
first off, I love the company GOOG. what amazing innovation, passion, creativity and, most importantly, the ability to create a word into a lexicon like Seinfeld – yada yada blah blah blah. so, before I show the SELL pattern that has appeared, let’s go back in time (remember this is no “could of, would of, should of) to show the BUY recommendation. here it is w/ all of it’s geometry. note, there was a 20 point difference in the two levels I was hawking (a Naval Aviation term — HAWK TANKER was when someone was boltering all night (couldn’t land) and the hawking tanker would (very stealthfully) hawk the poor bastard who couldn’t land to save his life. ) Anyway, 20 dollars is a pretty big margin of error, but here’s what I saw coming into the low ….
hit the target and off we went …. recent action (say the past 5 months) has been stopped by the 925 target. here’s a quick look at the potentiality of the 925 area being significant:
A short was and still is being worked w/in the levels depicted and as we approached the potential area here’s the projections:
here’s the “real time” intraday look at the fill and, also, the BEFORE THE MARKET OPENED gun shot up to the 925 area and then the retreat …. interesting, to say the least. (sorry about the black background — again, this was real time)
here’s the picture as of today …. looks like 850 is going to be the line in the sand …..