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PeakTrader.com Economics, Portfolio Optimization, and Technical Analysis
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arthur Guest
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Posted: Fri Nov 19, 2004 7:29 pm Post subject: GOOG chart |
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GOOG has a gap at about 185 (see page five of Chart Room). However, it may turn out to be a breakaway gap. GOOG fell on lighter volume recently and created a doji Fri, which may be bullish. Perhaps, GOOG will rally to 180 next week, to the downtrend line and 20 day MA. GOOG is volatile. So, it may close the gap at about 185. Nonetheless, GOOG is in a downtrend, and may close the gap at 150 after bouncing to 180 or 185.
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