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To: bruwin who wrote (1789)	4/8/2013 1:17:06 PM
From: The Ox	Respond to of 8255

Your guess is as good as mine. I would say that the downtrend has been picking up steam and that this often leads to a reversal or bounce play. If one takes a long position in these situations, it's a must to have a tight stop, since there is no clear end in sight. At the same time, these are worth watching, especially for day trades, as the bounces tend to be sharp. Also, watching the stock in the longer time frames, it's interesting to see where they should be finding support. The key here is "should be", as they won't always be predictable, imo.

To: bruwin who wrote (1789)	4/8/2013 1:29:10 PM
From: The Ox	Read Replies (1) \| Respond to of 8255

Let me add that GOOG is now back down to it's previous peak, which was in the low 770s. This can be an area where the stock turns back around. I had an alert set in my trading system for if/when GOOG came back down into these prices. Now it's time to watch for the pattern to change. No problem if it doesn't. The reversal watch process can be slow and uneventful. Gold stocks have been in a steady downtrend for a while. Some look to be basing but as a group they haven't shown enough for me to be bullish. However, they are at a stage where a reversal shouldn't be discounted, IMO. They should be watched for clear trend changes. Message 28797402