Not suggesting either way just a chart with my opinion. I was watching GOOG for a cup and handle pattern confirmation(seen on daily/weekly charts) and a run to the highs (700's). It's previous topping reversals fall '07 and summer '08 as you can see took time - sideways before reversing is typical. The peak it printed this month at Fib 76% does not tell me it is reversing yet and it is now back at a support level Fib 62%. Note how it consolidates or reverses at the Fib's levels on the chart. Just my observations.
