Google Inc. (GOOG) (09/18/2005)
Position: Not taken yet / Go Short in a correction to 303-5 or with the cross of $298.
Long-term..BULL
Mid-term .BULL
Near-term BULL-SIDEWAYS
Intraday........BEAR
Target..........$288 and a second level on 281, 267-72 in midterm.
STOP.............$307.50/308 for shorts - $297.7 for any bull position
If i'm long now: Wait, set a stop 299.50 or 297.79 and pray for a run to retest highs.
If i'm short now. Add in a cross of 298 to the downside, cover if fails to cross trying to sell again in 303-4 area.
Intraday alternative: Google's fans could go long here with stop 299.40/50 regarding how the $300 level is holding,
the target should be at least 303-4 and 307-10 as second target zone
(Diego M Rolando , roclerman, roc@roclerman.com, 9-18-2005 Sunday analysis)
Position: Not taken yet / Go Short in a correction to 303-5 or with the cross of $298.
Long-term..BULL
Mid-term .BULL
Near-term BULL-SIDEWAYS
Intraday........BEAR
Target..........$288 and a second level on 281, 267-72 in midterm.
STOP.............$307.50/308 for shorts - $297.7 for any bull position
If i'm long now: Wait, set a stop 299.50 or 297.79 and pray for a run to retest highs.
If i'm short now. Add in a cross of 298 to the downside, cover if fails to cross trying to sell again in 303-4 area.
Intraday alternative: Google's fans could go long here with stop 299.40/50 regarding how the $300 level is holding,
the target should be at least 303-4 and 307-10 as second target zone
(Diego M Rolando , roclerman, roc@roclerman.com, 9-18-2005 Sunday analysis)