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[Previous entry: "FibMaster's Fibonacci + Google = $$$$"] [Main Index] [Next entry: "GOOG trade hits profit target."]
07/04/2007 Archived Entry: "GOOG trade update."
After a difficult start, the Google chart is on the way towards my predicted ProfitPoint. Theres is never a guarantee, but it looks like it will reach that area. There is a prior swing high at $535.00 that may have some influence. This chart tested the support area (blue line on the chart) twice before taking off. I had email from traders saying the chart would tank with the rest of the market. Just when the masses capitulate, the fib level holds, that how it works. Just trade the fibs, wait for the capitulation. The $520 support proved to be stronger than the bears. Click to see Google 4-hour chart. You can view my prior updates below to follow the trade from the start. I'm anchored in Port Townsend, today we sail for the San Juan Islands for a great fireworks show (USA independence day).
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