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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: IHateSourCream who wrote (123631)	9/2/2005 2:14:58 PM
From: ajtj99	Read Replies (1) \| Respond to of 209892

It's a short at $300, IMO.

To: IHateSourCream who wrote (123631)	9/2/2005 2:26:13 PM
From: Shack	Read Replies (1) \| Respond to of 209892

I still think (despite aj's call) that it heads to new highs from here.

To: IHateSourCream who wrote (123631)	9/2/2005 2:37:43 PM
From: Henry J Costanzo	Read Replies (2) \| Respond to of 209892

GOOG......By all the lore of classic TA, IHSC, GOOG should now be marked with a big red flag alerting to the POSSIBLE completion of a H&S top..... The price pattern IMHO is largely there, the volume pattern likewise.... Note possible right shoulder forming past couple of weeks on the puniest of volume..... That shoulder could advance to 300 or so to complete symmetry.....or it could turn back at nearby 50d MA R around 292 (and falling).... Stress word POSSIBLE above....a valid H&S top would NOT be confirmed, of course, until/unless there is a break below the neckline......currently looking like it's about 274.... But GOOG now bears watching for an opp to open some closely-stopped, right-shoulderish, puts/shorts......(and maybe even a bet with Shack...LOL)