Monday, April 10, 2006


Here is a daily chart of Google.

In my last post on GOOG I said that the market would probably finish a three stage reaction near the 400 level and then head for 440. The market never got as low as 400 and has now rallied above the 414 level. This means that it will soon reach 440.

I have been expressing doubt that GOOG would reach 495 during the current bull market, but the strength of the move up from 331 now makes me believe that we will see the 495 level in a month or two.

1 comment:

Anonymous said...

I must disagree regarding GOOG reaching 495, in fact once the S&P fund is done buying I would say the stock reaches 430 then tanks horribly.