Monday, August 19, 2013

GOOG Call Follow Up

I was getting a little nervous with GOOG calls holding up today at 25% since they were opened Friday, one of the reasons is GOOG seems to be a bellwether for the market, just front running it a bit.

Ultimately GOOG held its afternoon range and the divergences that attracted me to a GOOG long are still in place.

 2 min intraday with really amazing intraday divergences and today holding in line.

The 5 min is still leading positive

Even looking at a 30 min chart, and this was surprising to see such a long chart develop so fast, is holding well.

Even more surprising, the 60 min.

I just can't see how GOOG can fulfill these divergences without the market following.

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