Short Term Trading Member Forum

[techcharter]

Bliss: GOOG

The trouble with applying Ewaves to IPOs such as GOOG is that the first couple months you don't know what large degreee wave to begin with. My assumption is GOOG started somewhere in a large degree Wave 3. It looks like Wave 4 took place somewhere between Dec '04 to Mar '05. Now GOOG should be in a large degree Wave 5 that is nearly complete. Looking at EBAY and AMZN, I see neither are anywhere close to making new alltime highs like GOOG has/ is doing. This is a technical divergence. From the E-wave point of view, GOOG is in a Large BULL Wave 5 and EBAY is in a Large BEAR Wave 2 or B. Those are the warning signs I'm seeing. There is about to be a huge trend change in the market in the coming days.


http://stockcharts.com/def/servlet/SC.web?c=GOOG,uu[w,a]dacayyay[dd][pb50!d20,2!f][vc60][iLp14,3,3!L...