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Tuesday, November 08, 2005 2:18:39 AM
***GOOG: SIMPLY TOO MUCH BULLISH SENTIMENT!!!***
You need proof, how about FACTS...???
TOO MANY PEOPLE ARE "CALLING" GOOG TO $400/share...
Call options interest on the $400 calls for November and the following 4 months of available open options which includes December, and through all of available current 2006 options... January, March, and June... is greater than ANY put price... you name it... IT'S GREATER... THIS SENTIMENT IS EXTREMELY BULLISH & EXTREMELY DANGEROUS... $400 IS A BRICK WALL!!!
Of course, the RISK of being bearish here as I've found in my recent and vigorous T/A studies is a 1999-style tech-bubblicious GOOG run which BLASTS through $400/share towards $500!!!
But as I said, there is essentially a BRICK WALL set up just above at $400/share... no this is not my opinion, you can see it through GOOG derivatives called OPTIONS... it's absolutely fascinating...
***OPINION: IF GOOG DIDN'T TOP OUT TODAY, IT WILL BY WEDNESDAY!!!
You need proof, how about FACTS...???
TOO MANY PEOPLE ARE "CALLING" GOOG TO $400/share...
Call options interest on the $400 calls for November and the following 4 months of available open options which includes December, and through all of available current 2006 options... January, March, and June... is greater than ANY put price... you name it... IT'S GREATER... THIS SENTIMENT IS EXTREMELY BULLISH & EXTREMELY DANGEROUS... $400 IS A BRICK WALL!!!
Of course, the RISK of being bearish here as I've found in my recent and vigorous T/A studies is a 1999-style tech-bubblicious GOOG run which BLASTS through $400/share towards $500!!!
But as I said, there is essentially a BRICK WALL set up just above at $400/share... no this is not my opinion, you can see it through GOOG derivatives called OPTIONS... it's absolutely fascinating...
***OPINION: IF GOOG DIDN'T TOP OUT TODAY, IT WILL BY WEDNESDAY!!!
HI-HO SILVER !!!
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