GOOG is still strong, breaking thru a downtrend line. Obviously, I've been wrong on my puts. Still time for that to change, of course, but in the short term, I've been wrong. Based on a simple inspection of the chart, and on plotting price by volume, I think there is a lot of support in the 165-170 area. Above that, I wouldn't fight it. Below that, its look out below.
Tuesday, December 21, 2004
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