discussions
The group you are posting to is a Usenet group. Messages posted to this group will make your email address visible to anyone on the Internet.
Your reply message has not been sent.
Your post was successful
 |
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
You must Sign in before you can post messages.
To post a message you must first join this group.
Please update your nickname on the subscription settings page before posting.
You do not have the permission required to post.
| |||||||||||||