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| GOOG Forecast 8-16-11 |
GOOG has fallen hard, today, with over 3%+ decline. However it stopped its decline exactly today and made a low of the day at the 61.8% retracement of it recent run up from June low to July highs, then it bounced off its low of the day. Furthermore, 08/16 marked its 21 days of decline since its July 26th high. Therefore, time cycle and price are coinciding and GOOG must rise higher now. As long as market doesn't start correction. If another leg down starts then GOOG current up-move potential shall be invalid.
2 comments:
I thought I read your prognosis on Goog yesterday which said that Goog MUST go up from there. Did you edit and change your entry?
Yes
Yesterday, when markets closed flat, it's indicating that markets were unsure of directions, with highest probability of going down.
Therefore, I had to update because 98%+ stock follow the market trend, especially in the bear market.
Remain blessed
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