Antennas up for a Google Entry
In late September, I wrote about price extensions and the fact that many moves tend to terminate at extensions of prior swings. For examples of how this works, refer to my Sept. 23 article, or look at the current charts of Google (GOOG) and Apple (AAPL), which were discussed in the piece.
Today, I want to focus on Google. I am not going to tell you that I was short this stock, because I was not. As I told my traders, I was not interested in a crapshoot before earnings. But two facts suggest that a decline is possible: First, Google is in position for a healthy downside correction, and second, the stock recently violated bullish symmetry on the daily chart....383 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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