***GOOG, ilovedastock I'M AS BEARISH AS EVER ON GOOG, if I was 'afraid' to lose money I wouldn't even be here (and of course the game is dangerous, but that's when the best profits are made, just a matter of being on the right side)... but I'm trying to follow the unemotional stance of the technicals... and the past 2 times they were in this position, a decline of at least 10% followed off of the high, or a decline to the 22 day moving average. With that said, both the weekly and daily logarithmic charts are calling this area a top. Now I went back to the end of year run in 1999 into 2000 in many of the high-flying tech and net stocks back than, and I'm aware that of course, it's possible that this bear flag gets broken to the upside, but I'm also aware if it does, the move will be quick, fast, and explosive to the upside... thus the position I've currently got wagered against GOOG from a leverage standpoint still allows me to have more than 50% of cash on the sidelines just in case the position moves against me!
I'M BASICALLY GOING BEARISH WHEN EVERYONE AND THEIR GRANDMOTHER'S ARE BULLISH ON GOOG, THE "BULL HIGH 5 INDEX" ON GOOG IS THROUGH THE ROOF!!!... just go look at the sentiment on the boards... like I said... EVERYONE & THEIR GRANDMOTHER, bears don't run as fast as bulls... not even close... but BEARS have big claws and wait for the BULLS to come to them...
Anywho, here's another chart!!!>>>
LOGARITHMIC, CLOSING DAILY SINCE IPO...
Basically the only bullish catalyst I see at this juncture is GOOG getting included into the S&P 500, and as far as I'm concerned, that is already baked in... so if it ever came to fruition, it would be a sell the news because if you compare GOOG's fundamental evaluations to any single stock on the S&P 500... any single one! Than you'll see how awfully bloated of a pig it is...
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