Here is a chart showing Goog. Come to your own conclusions. I say if it breaks south then there is no support until the 500s. The ramp up from October to December is what is known as a blow-off top.
Eventually, but eps estimates will have to catch up to eps actual before GOOG will really lose upward momentum. I see far too many positives for GOOG to think about shorting it right now.
Quote from S2007S:
Google cant keep running higher and higher forever, eventually things do come down....
Haha. Thats because Im one of those dumb people that are everywhere. Im trading this through the triangle.
If you look at it plain, then you can see that there is a pullback going on in the overall market and there was a big runup in Goog. Just my opinion, but I dont see it breaking north. If it does then it will blow my buy stop.
Come to your own conclusions...
Quote from robbie380:
so why don't you wait until it breaks support to short it?