cthruu,
reviewing goog's chart i see the following:
1. three overlaying pennants or flags, each has broken through to the downside within the last two days. first lines begin from sept 9th, second from oct 20th, third from dec 13th. i'll call this bearish
2. macd, momentum and obv are diverging against stock price. i'll call this extra bearish
3. big volume days within the last 2 months have all been to the upside. i'll call this bullish.
4. just hit higher highs, but on relatively low volume for such an accomplishment. i'll call this bearish.
so... i think a straddle is still the right play for me, though i am leaning towards (and am hoping for) a bearish reaction to earnings. of course this doesn't mean a thing, they could come out and announce great earnings, guide higher, and a 5:1 split - hence the call side of the straddle.
does any of this jive with your analysis? either way, i hope this puppy gives up 20 points again. still stalking ostk - no position. missed ebay straddle, feeling a little stupid about that one.
h |
