tag:blogger.com,1999:blog-4749115770202162460.post8855381856195428860..comments2023-08-05T09:59:40.423-04:00Comments on Jim Kingsland's Financial Balderdash: Google Long Term ChartAnonymoushttp://www.blogger.com/profile/07411606067910659252noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4749115770202162460.post-11839061586453443952007-02-04T13:54:00.000-05:002007-02-04T13:54:00.000-05:00Well I am glad that you do not fall into the sheep...Well I am glad that you do not fall into the sheepish Cramer camp. The only thing that guy and I have in common is that we are Democrats, LoL.<br /><br />Anyways, in regards to Google stock there are signs that an reverse "bullish" head and shoulders pattern is also in formation. If the stock holds above approx. $465, trends sideways and builds momentum, there should be an eventually breakout to the upside. <br /><br />To me there wasn't enough downside pressure following earnings. a 20-point drop in price is very small in percentage terms. All bets are off if the stock drops below ~$455. It is then that your bearish double top will have me running and taking profits off the table.<br /><br />Good Investing...<br />--<br />Stephen<br />www.jutiagroup.comUnknownhttps://www.blogger.com/profile/16300636002235180783noreply@blogger.com