GOOG today

Looking at the CCI indicator it looks like GOOGLE is winding up for a nice move up pretty soon. (Tight range for this stock)
CCI has penetrated below the Zero line and looks like it turning back up.
The Chart also has a nice Head and Shoulder pattern forming, with the right shoulder starting to form.
Google should either go back up to it previous high or close to it before a major pullback to the 450 - 440 range.
It does not like to go back and fill in any gap ups.
 

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Quote from jllm03:

Looking at the CCI indicator it looks like GOOGLE is winding up for a nice move up pretty soon. (Tight range for this stock)
CCI has penetrated below the Zero line and looks like it turning back up.
The Chart also has a nice Head and Shoulder pattern forming, with the right shoulder starting to form.
Google should either go back up to it previous high or close to it before a major pullback to the 450 - 440 range.
It does not like to go back and fill in any gap ups.
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so yout think higher >first< before lower?

460 is my (min) objective in January
 
Quote from iceman1:

so yout think higher >first< before lower?

460 is my (min) objective in January
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It is setting up for a classic head and shoulder pattern.
Probably test or make a new high sometime soon to complete the shoulder.
So far in the past GOOG has not gone back and filled in any gaps, with exception to one very large spike up in April 06.
That gap around 460 will be the next major support that I will be playing some Credit Spreads off of..when it falls back to there.
 
Quote from jllm03:

It is setting up for a classic head and shoulder pattern.
Probably test or make a new high sometime soon to complete the shoulder.
So far in the past GOOG has not gone back and filled in any gaps, with exception to one very large spike up in April 06.
That gap around 460 will be the next major support that I will be playing some Credit Spreads off of..when it falls back to there.
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HUH?

make a new high to complete the shoulder? I don't get you. which shoulder! what dates are you using for this potential H/S?

TY

b.t.w this gap "could" fill if we get into a seasonally weak market time frame; but i agree it will likely be strong support.
 
Quote from iceman1:

HUH?

make a new high to complete the shoulder? I don't get you. which shoulder! what dates are you using for this potential H/S?

TY

b.t.w this gap "could" fill if we get into a seasonally weak market time frame; but i agree it will likely be strong support.
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Let me re-phrase that...
It will probably go higher (than where it is at now) to complete the second shoulder, or continue to make new highs.
Either way...the chart looks like it is winding up like a spring and ready to do something.
The last gap looks like a very good support.
Previous gaps have held as support, and I placed Bull Put spreads below the gap.
 

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Look at GOOG and AAPL the past several trading days.

This is what you call sneaking out the back door, while the DOW makes new highs...

The transfer of wealth continues....
 
heres another view...

right now its ranging which means theres no interest
and no ones shorting either..

but onces it moves below 470.. its going to resume
its downtrend from Nov. 22

pressure for a downtrend is more likely unless it makes a move
above 500..
 
broke the 470 support.. its confirmed..

this also confirmed my short on nov. 30 from 484.81



Quote from bttweb:

time to short.. below 12 ema confirmed..
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