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Technology Stocks : Google Facts Zone

GOOG 278.06

-2.2%

3:59 PM EST

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To: Sr K who wrote (3532)	3/10/2010 7:01:17 PM
From: Sonki	of 3618

istock-TA has goog at 700 in 2-3 months.i dont know how to paste their chart. if some one can tell me how ? lets see if this T stuff works. (GOOG : 576.46, 16.27) has moved to the plus side of its 50 day-moving-average of $561.46. iStock's technical analysis crystal ball reveals 3 additional strong traits: a double – maybe triple – bottom reversal short-term moving average passing by its longer term counterpart possible filling out of a "T" formation. Based upon what we see in the search engine giant's stock chart, we believe the stock is on a crash course with $600 after it breaks $575 per share. Post 6 bills, GOOG plows its way to challenge, if not surpass its 52 week high of $629.51. As you can see on the chart below, reaching the year high or above would fill out the right side of the aforementioned "T". The top of the T should provide a taste of resistance; whether its onions or water will determine the next move. If $629 proves to be water, then investors can expect to see a $700 price tag within 2-to-3 months following a new 52 week high. If onions are on the top of the T menu, then the lowest iStock anticipates the $525 multiple bottom to be as low as we are willing to go.

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