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Technology Stocks : Alphabet Inc. (Google)
GOOGL 317.96+0.9%10:54 AM EST

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To: greenspirit who wrote (6320)1/20/2006 11:38:31 AM
From: Trader J  Read Replies (2) of 15857
 
While normally I like support and resistance lines and trends, these next two weeks with this stock I think will be much more about emotion and expectation outside most TA specifics.

I feel VERY comfortable with this entry and this is EXACTLY what I have been waiting for ahead of earnings to take advantage of and what I was expecting. The 5 day chart is brutal.

Now, this does not mean that success is guaranteed ... we are at a crossroads but it seems that the Yahoo fear in EPS has done its job to lower expectation. If GOOG's quarter is as good as expected, watch out. If not ... watch out.

Feb. calls are just to close for any sort of logical trade to me. Jun provides at least some degree of safety as far as I'm concerned. If you believe everything rests on this quarter's earnings and are a gambling man, the the Feb calls make sense.

tj
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