Probably not. Market cap would get too big. At 1000 GOOG would be 300bln (like MSFT). At 1500 GOOG would be 450 bln (like XOM). While I don't rule out that GOOG could reach those levels for a period of time I doubt they could sustain such levels for years since a lot of the price increase is based on extrapolating current growth and profitability.
GOOG shatters 513...
- Thread starter stock_trad3r
- Start date
On any chart, you can have hundreds of trend lines in play with each serving a distinct purpose.
There are several reasons for creating a chart such as this one such as to find air pockets where the trend lines are not. If you have several trend lines crossing at any one place, then you know the resistance will be heavy and volume will need to be especially intense for a violation. One can take away many things from such a chart.
You cant simply dismiss a trend-line where the price has pivoted off of in the past. If the price has pivoted off of a certain line, then common sense states that it may just do it again or require additional volume to make its way through.
In regards to the Google chart, there are several lines that cross through the 520-530 area. You can argue that they are imaginary lines and thats your opinion on the issue.
Im betting that it will take at least 15 million+ in volume to move through that price range based upon the chart I displayed.
At times, complex methods can be confusing, but the obvious facts cannot be ignored. Trading on reactions and gut based upon a repeating trend does work until it does not. Therefore, the reason behind the complex methods is to identify possible points when the repeating trend will stop working...
There are several reasons for creating a chart such as this one such as to find air pockets where the trend lines are not. If you have several trend lines crossing at any one place, then you know the resistance will be heavy and volume will need to be especially intense for a violation. One can take away many things from such a chart.
You cant simply dismiss a trend-line where the price has pivoted off of in the past. If the price has pivoted off of a certain line, then common sense states that it may just do it again or require additional volume to make its way through.
In regards to the Google chart, there are several lines that cross through the 520-530 area. You can argue that they are imaginary lines and thats your opinion on the issue.
Im betting that it will take at least 15 million+ in volume to move through that price range based upon the chart I displayed.
At times, complex methods can be confusing, but the obvious facts cannot be ignored. Trading on reactions and gut based upon a repeating trend does work until it does not. Therefore, the reason behind the complex methods is to identify possible points when the repeating trend will stop working...
michael, your bullshit really does hang thick in the air. You seem to be the only person out there who needs to draw 30 lines on a chart to not know which way a stock might go. You drew a million lines and then claimed you had a pivot point for GOOG which it walked through yesterday.
Give it up! You're never right and the list of "michaelscott quotes" must be nearing the list of "dan quayle quotes" in length.
Face it, you don't have any idea about anything.
Give it up! You're never right and the list of "michaelscott quotes" must be nearing the list of "dan quayle quotes" in length.
Face it, you don't have any idea about anything.
Not bad today. Google only down .20 percent.
Yeah, not bad, you're only (not) down $5...now go play with your crayons.
Up again..wow
so is aapl
so is aapl
Do you have a whole $102k in net worth now?!
And it's looking to go back under $513! 
I see that