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To: Shack who wrote (134593)	7/20/2006 9:04:17 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Like MC, I think there is a lot to be said for the theory that GOOG is in a triangle starting at the Jan top. May 19 bottom at 360 (presumed Wave C) is critical support. A safe(er) play is to buy the breakout if it happens, rather than bottom fish near here. I own a small position... may nibble a little if it looks like it's looking for a bottom... but not much. Broader market atmospherics are tricky, to say the least.

To: Shack who wrote (134593)	7/20/2006 9:40:29 PM
From: Henry J Costanzo	Read Replies (2) \| Respond to of 209892

GOOG......It pains me to greet you so unceremoniously...and contentiously.....but sorry, Shack..beg to differ. Nothing says my triangle is cast in concrete...it's still in the formative..potential ..stage......and God knows. we've seen our share of those turned to toast lately (EMC/HD.....sigh). And I would, of course, not touch it until it's complete.......and breaks out. But I see nothing at this stage supporting your view...At an important point here getting support from converging 50d and 200d MAs. If that goes, maybe you'll have a leg to stand on...and maybe two legs if the May low breaks.. FA......Good report tonight.....and up AH..but not by a helluva lot.... JUST remembered.........I lost a bet against you on GOOG, didn't I ??.........sigh.