Thursday, March 14, 2013

GOOG Update

Here are the GOOG charts...
 The 1 min is in line with price, not any more negative or positive. The 2 and 3 min charts are exactly the same.

It's the 5 min chart that's moving (this is also the earliest timeframe where we see institutional money flows on an intraday basis), the leading positive divergence from yesterday has added quite a bit more today in to prices pulling back. I'm still inclined to stick with the data and not emotion, this looks like buy low has occurred and we are waiting for the snap to sell high.

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