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Strategies & Market Trends : The Swamp -- Ignore unavailable to you. Want to Upgrade?

To: ldo79 who wrote (44)	10/13/2007 10:38:10 AM
From: SwampDogg	Read Replies (1) \| Respond to of 491

In % terms the rise in GOOG in nothing compared to many other parts of the market. It just gets attention because the stock has not split. For example do a ratio chart over the past years against some of the fertilizer stocks. The breakout from an ascending wedge on GOOG is very bullish. In most of these stocks like GOOG and RIMM this is almost certainly not coming into the final high. A very sharp correction would be a buying opportunity for one final large move higher. Bears may have a little something to chew on in the coming weeks (but maybe just a scrap) but the IT and LT look of this market is very strong. Most tech looks to have completed or in the process of completing large consolidations which should resolve much much higher in the coming years. Pharma stocks look to be coming out of a multi year bear market, and then you have the autos which are another great example as to why TA is mush better than FA