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…
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