Wednesday, January 28, 2009

Let's do a little bidness

GOOG made a good showing today. The trend is up. It fooled around a bit, around 325, just like Fitzpatrick said, but once it set foot firmly on the other side, the shorts gave up and here we are almost to 350. The unbearable lightness of GOOG.

Some would say it's been a big run from 250 and now it's time to unload. I don't see it that way. The way I see it, the whole area below 300 is a nether region that our GOOG should never have achieved. None of that counts. We're starting from scratch right here. Everything is looking good.

I see 355 easy.

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