Wednesday, January 19, 2011

Google Eve

Google Eve beckons, once again. This time, the traditional wienie roast on Dover Beach has been canceled. All Googoptimists are encouraged to stay in their homes tonight and meditate on GOOG's fate tomorrow.

We're at a critical juncture. GOOG's story is good, the charts are aligned, GOOGtide is rising, but that's a perfect setup for a little joke from Jahweh, manifested through the actions of traders. We got a big bounce last time - is it too much to expect another one, this time? If GOOG is going to keep rising, we'll need the mother of all blowouts tomorrow night.

It's time for GOOG to grow up and surpass its all time high. We don't need to see $600. Ever again.

1 comment:

Larry Blumen said...

Here at 3:30 PM, it is worth noting that the market's tenor has turned negative since yesterday. That's a headwind against GOOG's movement after hours when its earnings are announced.