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Analyzing Google\'s Chart
Here's how I see it. Notice that the recent rise stops just under the critical level of 750, 747 to be exact. My GUESS is that MMs saw a load of selling at the 750 level and decided to take back and accumulate some more inventory to unload. That said, I see Goog going even higher, perhaps 800 before MMs establish short sales and subsequently bring the price down to a level where substantial accumulations can begin at perhaps, 600.
Of course, I could be wrong [img]/images/graemlins/grin.gif[/img] |
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