Tuesday, January 18, 2005

GOOG show weak sign

after 2 months bull run, GOOG show weak sign. It seems cannot break all time high at 203.64

looks like an exausted run. I expect it pull back to ~185 in short term.

long term, its chart still very bullish. I believe many chart readers reach the same conclusion. that could support its price in long term.

my opinion, wait to buy on dip. I might set up some spread on dip.

Edit:

GOOG just breaks all time high. see if it can close above it.

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