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To: Henry J Costanzo who wrote (173814)11/24/2008 12:25:38 PM
From: The Freep  Respond to of 209892
 
Yeah, GOOG is odd. Other stocks in tech had similar wiggle patterns of possible wedges and all of them seem to have regained...except GOOG.

Finally getting our first pullback, and amazingly it keeps alive my one near term bearish count. 820 should hold for the bulls here, though after such a big run, it's not critical. My bear count is gonna take a lot of time to show itself, I think, so it's only on the backburner. Watching the structure of this down and then the next up is key, obviously.



To: Henry J Costanzo who wrote (173814)11/24/2008 1:13:28 PM
From: The Freep  Read Replies (2) | Respond to of 209892
 
Call buyers (via CBOE) are glad the bottom's in and are celebrating by dropping the equity reading under .6. We've seen lower, it's true, but I don't find it bullish. How's ISEE?

This should be the second part of the pullback here, and it's the key one in terms of near term scenarios, at least for me. While I still see a bearish path, the bulls are clearly in control here. Lately, though, no one has really seeemed to want that control.


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