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Thursday, April 14, 2011

Wolf on Wall Street's 3rd Earnings Call-GOOGLE (GOOG)

Here's the video going over the action, amazing action in GOOG today. We got the distribution post on GOOGLE out several minutes before the market closed, this was a tough one. Check out the video and then the charts of GOOGLE posted at Wolf on Wall Street Yesterday.

Posted at Wolf on Wall Street, Wednesday, April 13th
GOOG-This will be a biggie.
 GOOG is already in a top formation and there's already been a STOCH/RSI Sell signal at the top, which also happened to see a false breakout right before it plunged.

 MoneyStream is negative on GOOG's daily in a leading negative divergence. You can also see the false upside breakout right at the MS divergence.

 GOOG 1 min sees some accumulation and this morning into the gap up, distribution. Again, the question is, whether this is just part of a very short cycle or last minute short selling.

Brandt Uses Worden's TeleChart and StockFinder 5 Exclusively

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