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Re: So, What's going on with the GOOG

thiened...@gmail.com

I think we already had the correction from 747 to 616.  Based on the
second leg from 331.55 to 747.24 and fib ratio a %38.25 correction
would put google at 588.  Although the fib ratio is pretty accurate
there are exceptions. Also based on the bullishness of Google and the
volume support at 616 I dont see it testing these levels unless
something out of ordinary were to happen to the market(ie. 9/11, or
some psycho decides to blow up google headquarters...knock on wood).
This second drop to 650 from 693 might be last chance to get in before
it tests 747 again, especially if Fed's cut rate and good online
shopping numbers.  Plus isn't the 4th and 1st quarter usually good for
Internet Stocks? Colder weather means more people will be browsing
online? What the hell is going on? Just my 2 cents.