I normally don't look at patterns the occur AH. But I see GOOG
up against a monthly trend line
. You may see a pop and sell off in this name. I would watch this tomorrow. Remember the bullish
euphoria can only last so long. I feel GOOG
interest in acquiring every company under the sun may pay off in the long term, but in the short term it needs to pull back. I feel this earnings
play is to trap longs who believe we get another $100 plus day like previous report. Not saying that couldn't happen. There is one difference though. The market was extremely bullish
then. I personally feel that is gone. There are so many headwinds that face us. Now rather you believe the market has already priced in the FED taper, or you think fundamentals have nothing to do with technicals. There are many underlying chaotic fundamentals that will affect the direction of this market. They just haven't come to surface yet. I encourage everyone rather you care what I say or not to take money off the table. There will be better times to buy (I think the buying opportunity will be tho year after a pullback) so just hold tight. I like to remind myself chasers get trampled. There will always be a better buy.