Thursday, August 15, 2013

GOOG & Update

We needed more time for the market to build anything that would hold any kind of move and now in most averages except the IWM, we have a wider "W" bottom which looks better, I'm not sure I'm sold on it, but one stock that looked pretty interesting for a long bounce using calls is GOOG.

 GOOG 2 min

5 min

10 min

And it already has done some work as the 30 min chart shows.

I'm still not sure I want to take the chance until things look really steady, but this is one I'd certainly be considering.

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