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techcharter

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techcharter

Re: None

Saturday, 01/15/2005 10:19:30 AM

Saturday, January 15, 2005 10:19:30 AM

Post# of 51804
GOOG Ewaves

It looks like the wave from Jan 6 lows is either a little wave 2 of a larger wave 1 down or a little wave 5 of a larger wave 5 UP. The earnings announcement this week would be a perfect backdrop for top to be made. The choppy trading from Jan 6th indicates a little wave 5 up would be an ending diagonal. Wether is fails to make a new all-time high will indicate the strength of the following downtrend. This is the 3rd test of the $200 area of resistance. Short after a new high or if the price falls below $190.


http://charts.barchart.com/chart.asp?sym=goog&data=Z60&date=011505&den=HIGH&evnt=ADV...
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