GOOG Call / Update

The GOOG call opened Friday that was up nice on Monday, but I decided to give it more room since the positive divergence was large and I was convinced GOOG was an early Bellwether for a broader market bounce is doing even better, just up over 40% recently is still looking decent for a hold, but I want to really push home the prize trade in GOOG and it's not an options position and not a long.

 GOOG 5 min positive divergence still seems to have more upside in it with few problems short term.

 However at 15 mins the character changes dramatically, this is why GOOG is a core short and why when the upside hitch-hiking ride is over, I'd be looking to short/add to a GOOG short position.

To really put it in perspective...

There's not much stronger than a daily chart, the 2009 accumulation is seen to the left, basically a lot of price / 3C trend confirmation in the middle and to the right, well I think you can figure out the severity of that divergence.