Friday, March 15, 2013

GOOG Update

The same concept in GOOG remains, timing is longer. Shorter term GOOG has put in a larger positive divergence, I still want to use it to short in to strength for a longer term trade, whether longer dated puts or a straight equity short.

 GOOG 2 min

 GOOG 5 min

 This is the first time GOOG 10 min has gone positive

 This links up with  GOOG 15 min chart.

 And we have a relative positive 30 min for the first time, I'm guessing it can bounce to $840 area, which is where I'd like to add to existing positions.

 The negative charts for the longer term positions already in place haven't changed, still 60 min leading negative

 2 hr leading neg.

 4 hour, showing 11/16 lows accumulation

And Daily chart negative, which is the big one.

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