GOOG is getting slammed after failing on the breakout from the "bullish" triangle.
I'd really like to add to the GOOG short position, but I'll wait as this isn't much different than the initial break that everyone shorts and then sees a volatility shakeout. I'd rather try to add on a shakeout with less risk, if I miss it, I still have coverage.
The 3C charts still look just as bad as they did, but price is getting very thin on this move down.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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