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Friday, February 1, 2008


I will look at buying GOOG around $450. The price may never got there, but now is not the time to be chasing the stock . I have never owned GOOG, have already missed the run up, and no way will I get caught in the run down. If it does not get there, so be it. There are other fish in the sea.

Here is the chart for GOOG.

I am using BB21 because BB13 has already failed. It's my own TA.

RSI > 30 (wait for < 30)
MACD still above ZERO (wait for ZERO)
OBV just started to turn down; therefore, probably of continued sell off.