GOOG

GOOG was the other big Tech mover yesterday and it has grabbed my interest as a possible position, take a look at where GOOG is and you'll see why I'm interested...

As for other interesting developments...

 Long term-strategic view (60 min) shows GOOG coming down around March from a neg. divergence and then building a base in a trading range on a positive divergence during the June area were we identified positive divergences and where the long hedges were set up for the core shorts in the equity model portfolio I mentioned earlier, just take a look at price during that positive divergence, a typical range we see accumulation. Now GOOG is higher than March (see white trendline), but 3C is lower, that's interesting.

 1 min chart today, a long upper wick on a rejection of higher prices today would make for a beautiful daily reversal candle.

 The 2 min going negative AFTER GOOG makes the jump above the March highs, the stronger a head fake move, the stronger the reversal.

The 3 min chart showing the preparation for the GOOG jump above the March highs, trade was flat, then a 2 day positive divergence on a 3 min chart and off goes GOOG the next day and now in to distribution both short and long. I'll be paying extra attention to GOOG today.