GOOG Slumps Toward $330
I'm in North Lake Tahoe this week, and all the Googlers (employees of GOOG) ditch work and spend a week up here once every year. I saw a lot of them around Squaw Valley, and by my estimate the average age at the firm must be 19. The slopes are full of millionaires that can't legally buy a beer.
Anyway, GOOG is down nearly $100 from its lifetime high, set just a few weeks ago. Here's the intraday chart showing the disintegration:
Fibonacci retracements suggest the next stopping point will be around $330.
3 comments:
Trader Tim, you are far too kind. My near term target for GOOG is around 270. Let's hope super bull trader sold his GOOG position for a good profit because bulls make money, bears make money but pigs get slaughtered.
I see it as being 360.
I say 350 next stop in two to three weeks
Why ? I did my DD
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