Wednesday, May 16, 2012

GOOG Update

I'm holding on to the GOOG equity short as my risk there is 1.2% at $630, so even on a gap up I'm still around or below my 2% risk.

As for GOOG as it has developed through the day...

 As GOOG approaches the intraday highs, the 1 min chart lead lower

 2 min leads lower

 3 min (as the progression should take place) leads lower

And the 15 min chart has a pretty big move for the timeframe today.

Most of all the risk level allows me room.

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