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From: marcus.ra...@gmail.com
Date: Mon, 26 Nov 2007 23:09:50 -0800 (PST)
Local: Tues, Nov 27 2007 2:09 am
Subject: Re: So, What's going on with the GOOG
alexyam...@gmail.com wrote:
Well if I were short, I would have liked to see it go above the
>So in your best guess, do you think now that the > stock has rallied once back up to 693 today, that from here on, it > will make a gradual decline down to the low 600s/high 500s, before > eventually coming back up to test the 740 range (with little mini > rallies along the way down)? $693.84 today, the close from the 8th and then fail on price and volume. It only got to $693.40. Still there was a serious expansion in volume on the way down today and it did close below the Nov. 8th low (16.5 million shares) which I see as pretty bearish. To answer your question, I would put my money on hitting the $616 before a retest of the $693. as it hits that point, if the volume is higher than the last time down, I think it goes quickly lower. If goog holds that area with lighter volume, my guess is it would probably get a pretty good bounce. Also, all bets would be off if Uncle Ben jumps in. What is your Elliott Wave telling us? You must Sign in before you can post messages.
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