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Technology Stocks : Google Facts Zone

GOOG 279.63

-2.0%

Nov 7 9:30 AM EST

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To: clean86 who wrote (3347)	3/25/2009 4:03:16 PM
From: Paul Chiu	Read Replies (1) of 3618

i agree with the volume point with the spx on monday. there simply was no volume with the near +500 points day, +54 pts in the spx. 1.64 billion in the spx versus 2.27 billion just a session prior on friday. as such, the gap on monday is not to buy on. confirmation is needed and the counts confirm this. as for goog, volume studies have not been reliable in its short trading history. back in feb when goog had that reaction (to earnings) high to 381, the volume was very good. going from 340 to 380 on 20% higher than the 20 days average volume at that time. well, that did not last as we know as goog corrected some -24% to 289.45 earlier this month. since that low, goog volume is running -16% off the 20 days ma but scaling higher in prices. so i have really not pay much attention to size for goog. paul

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