Saturday, March 17, 2007

GOOG @ $410 / $436 buy it!!!

I figure.......
The GOOG magic number down…is …20% or 28% .

GOOG starting JAN 06 dropped $475 – 28% = $342

GOOG starting May 06 dropped $450 – 20% = $360

Now let’s fast forward to
GOOG starting Feb 07 dropped $513 - 20% = $410

GOOG at $410 in the current cycle is a 100% chance success, odds 90 to 10 in my favor

Goog Update $436 = 70/30 odds = one of my micro percentages, also = 200 day……coincidence…

$430 = gap signal support from (oct 23) 75/25 odds

$420 = rsi 30 = strong support….. 80/20 odds

$410 = 90/10 odds

4 different entries. All successful….
Just some entries have potential downside, that will soon be recovered….

Downside, GOOG drops 28%, not 20%.
GOOG drops 28%? GOOG drops to $370?
GOOG AT $370 starts dropping off my RSI chart…. RSI would be something like 13 /15
similar RSI's have appeared in the going broke sub-prime lender......sector.
I'll rule out an RSI reading that's that low.
It just won’t happen, (on GOOG) therefore….
I rule out $370 thru $409…

No comments:

EMAIL ME !!! anytime