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a-b-c scenario | |
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From: shorttermblog <shorttermb...@yahoo.it>
Date: Mon, 26 Nov 2007 19:54:42 -0800 (PST)
Local: Mon, Nov 26 2007 10:54 pm
Subject: a-b-c scenario
Only a few weeks ago you could read about GOOG at $1000, which is
typical of the end of hype phases. After a prolonged uptrend almost exponential in its final phase, price have printed a first leg of correction and a rebound. If this is an a-b-c type of correction we should see prices projected fist toward the retest of the low at $620 and then to the $560 support. This scenario takes into account a deep correction from present values. But we cannot predict the future. For the moment we limit to observe that the bearish engulfing printed today establishes a very important resistance to the upside at the $680-690 level. A breakout to the upside would re-open the way to a retest of previous high. For those who want to short the stock to take advantage of the good risk/reward ratio this level represents a stop loss. see the chart at
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From: marcus.ra...@gmail.com
Date: Mon, 26 Nov 2007 20:07:40 -0800 (PST)
Local: Mon, Nov 26 2007 11:07 pm
Subject: Re: a-b-c scenario
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From: shorttermblog <shorttermb...@yahoo.it>
Date: Tue, 27 Nov 2007 06:42:52 -0800 (PST)
Local: Tues, Nov 27 2007 9:42 am
Subject: Re: a-b-c scenario
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From: adam.knis...@gmail.com
Date: Tue, 27 Nov 2007 06:55:42 -0800 (PST)
Local: Tues, Nov 27 2007 9:55 am
Subject: Re: a-b-c scenario
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From: shorttermblog <shorttermb...@yahoo.it>
Date: Tue, 27 Nov 2007 07:16:12 -0800 (PST)
Local: Tues, Nov 27 2007 10:16 am
Subject: Re: a-b-c scenario
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