Been a while since I took a peak at GOOGL.
Trust this helps Scott – is it too long of a timeframe for you?
GOOGL – October 10, 2024
GOOGL target – from a longer term perspective
Tag: GOOGLE
GOOGL DOODLE – February 02, 2023
Congratulations to the Kansas City Chiefs. Man, what a game …well done NFL to a very entertaining and competitive event. Oh there was definitely the undertones that one would expect but, dare I say, they almost promoted THE diverse and amazing country of melting pots we are …? Maybe ?
Last, the commercials confused me a bunch. Hat tip to Breaking Bad but a lot of em’ I was left saying ” what are they trying to convey here?”
Of late, I have read and digested multiple books, episodes, podcasts, etc. of Mr. Robert Edward Grant. Folks, I encourage you to follow him and really try to understand the message he is speaking. Seriously ….
As such, I’ve taken up sketching (which I love) and squaring the circle and then adding the platonic solids and then realizing the a^2+b^2 = c^2 holds such vast and universal truths around the creation and manifestation of the universe that … I decided to just pull out the crayons and “prove” to myself the amazing harmony and geometry that exists in the markets and if WE (me included, trust me) are just PATIENT enough it will reveal itself and we will have the opportunity to manage risk and, potentially, extract money from the markets.
So, I typed in GOOGL and just started to draw … (mind you, I had never done this before, the charts are “real time” as I captured them at my leisure.
As I type this, now that its done, I can tell you that the harmony and geometry are amazing … and to think, we were taught this back in grade school.
How to draw an arc from three points ……
Take note, anyone see the likeness of an “Adams Pitchfork?” The above is the REASON the Adams Pitchfork is such a powerful tool. It essentially makes the squares and the diagonals for you aligned with the first impulse move up or down …
Anyway, how does this help us trading? For me, it just reinforces the geometric and harmonic nature of any liquid instrument. Yes, I know that this is all “after the fact.” If you have been following me for a while you know most, if not all the time, I post “real time” or as “near as real time” as possible. Tonight, it was just an exercise to show me (and perhaps some of you) the geometrical and harmony of the market … that’s all.
GOOGL just finished a pretty smashing GART SELL and it’s been straight down SO .. I’m not looking to BUY anytime soon for GOOGL.
Last, sorry I missed that GART SELL. Just haven’t been watching “the Google” very much … no reason. Just haven’t …
GOOGL – SELL PATTERN
SELL PATTERN completing a little higher and its behavior will give us a good idea of the overall market …
folks, it’s all that it is ….it’s the famed Gartely 222 Pattern which has the following:
AB=CD – yes we have that
.618 or .786 retracement – yes we have that
an 1.27 or 1.618 extension pattern – yes we have that
so, folks, it’s “just” a sell PATTERN on an important stock and IF (the big IF) it works THEN the market will probably follow. right? kinda?
OR the PATTERN fails (which does happen) and IF (the big IF) it fails THEN the market will probably follow. right? kinda?
therefore – sell PATTERN works GOOGL should go down and the market will go down.
else – sell PATTERN fails and GOOGL should GAP (more than likely) over the pattern (happens all the time) and the general market will follow …
GOOGL – SELL PATTERN and that’s all it is …
AAPL and GOOG patterns completing …
here was the geometry for the top in AAPL:
http://bartscharts.com/2013/08/20/sir-issac-newton-and-aapl-fell-from-the-tree/
here was the geometry for the low in AAPL:
as we approached the low a very symmetrical 3 drives to a bottom appeared:
the “first” top that appeared gave us a sell signal and about 70 bucks but the market moved up and higher …now, we are completing another pattern along w/ returning to the trend line on AAPL. So, this is a very crucial juncture for the market …
GOOG — how UnAmerican can you get – trying to short GOOG? Well, it’s just numbers and patterns so guess what we are “there” again w/ GOOG so after the near knockout punch of a simple 100 point gap in your face – why not?
here’s the blog of the “next” target:
http://bartscharts.com/2013/10/21/more-pumpkin-soup-added-a-new-ingredient-to-the-recipe-goog/
here’s the update:
More Pumpkin Soup … added a new ingredient to the recipe: GOOG.
classic or not that certainly proved to NOT be a head and shoulders neckline but a launching pad for a SATURN 5 and kaboom it exploded. as you can imagine the short well, took it on the chin to say the least: http://www.youtube.com/watch?v=05PKG_pWsVY !
Howard (Founder/CEO of Stocktwits) commented “as for me, I’ll stay long.” WELL PLAYED …
as for me, I’m licking the open chest wound and trying to put it all in context…
- that one day accelerated price action to such a degree that in one day it EXCEEDED the entire MONTHLY price action since GOOG’s IPO. Seriously…?
- the NASDAQ 100 has SO MANY parabolic charts it’s downright scary … have we not learned our lesson?
- the NASDAQ 100 continuous futures contract is right at major resistance / SELL pattern area
- Palladium has a very nice daily sell pattern about to complete (nice correlation in technology stocks and the palladium metal)
- our 925 level held for 6 months and then, kaboom, it exploded ..hugh?
- so, if at first you don’t excede, try try again (?)
- here’s my next set of targets w/ regard to GOOG
