Wednesday, May 15, 2013

GOOG Update

I'm definitely looking bigger picture here, which doesn't mean further away, it means in addition to what we already knew, today there was an additional glimpse of what appears to be one thing in plain sight for everyone to view, but is something quite different when it is put in to context of risk assets across the globe in dozens of different varieties as well as safe assets.

GOOG I still like, actually love, this entry reminds me a lot of our BIDU trade that was difficult to see close up, but when seen in perspective after it made us 30% with no leverage in a month, it was a thing of beauty that could never have been  put together looking at fragments like intraday or day to day trade. In fact all 9 core shorts were all profitable and double digit in a month with no leverage.

 1 min intraday has a slight positive divergence, but that might be missing the bigger picture on the same chart, still it's good to know for tactical and other reasons.

 The 2 min leading negative with a slight positive as well recently, very slight.

5 min leading negative really is what speaks for the position, this chart and longer ones-the longer the more it speaks to the position.

 10 min has several interesting features if looked at closely, it can clearly be seen what the plan was with GOOG and why we waited so patiently before adding/starting new positions.

15 min trend

15 min showing the extent of today's movement alone.

Ultimately the daily chart, people had trouble comprehending similar charts as AAPL passed $700, but that seems like a brief moment in time now whereas back then it was everything.

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