Earlier today I was short the GOOG. It looked great right until it bounced off the 50 day. I ended up taking a loss on the trade, and should have flip sides instead of closing out the position.
Before the IBC era, I was heavy into WallStreak. I still visit the chat room, but due to it’s popularity, the site has slowed down a bit.
In my time at the site I have run across many great traders, but none stand out more than Stewie & Johnson.
I still follow both traders, and they consistently pick winners. Right now they are both extremely bullish on [[GOOG]], so why bet against them. After pulling up the chart tonight, it does have a bullish look. I may try to take a stab at it tomorrow, as I think we have a huge day for tech.
Top picks for tomorrow: [[GOOG]] & [[AMZN]] If you enjoy the content at iBankCoin, please follow us on Twitter
How about, because GOOG sucks balls?
I must be seeing things… it looks like it’s dropping out of the triangle you drew, not breaking up…?
I think Google @ 540 is your answer. It either bounces or tests that last earnings gap. I love Google and it’s a big mover if you get it right.