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| GOOG forecast 6-11-12 |
I have previously forewarned, you about the GOOG selling, when it broke below the $599 area. It, then, fell hard to $566 area. At said juncture, you had been warned also to lock in your short trade profit, as GOOG was primed to bounce, which it did, (From $566 to $587). Its failure to reach $595 zone, was an imminent sign of stronger technical failure, which manifested into a quick drop of $20 in 3 trading days.
Please watch the current price levels.. Once GOOG fails at the $566-$568 levels, then previously forecasted selling of $100 would be in the books (from $599 levels)
Please watch the price areas as noted on the chart, as potential support areas, resulting in swing lows.
