4xForecaster

Update: Week In Review/Forecasting | #GOOG #NASDAQ #Google

NASDAQ:GOOG   ALPHABET INC
140 1 1
Friends,

As described yesterday in our "Jab, Jab, Upper-Cut ... Knock-Out?" comment (see it here:
Update: Jab, Jab, Upper Cut ... Knock Out? | #GOOG #NASDAQ
), Google             was quick to bully through our upper target following a bearish signal release on the preceding day.

However, despite a significant rally into new structure highs, our analysis has remained bearish . What we are waiting for at this point is a bearish market reversal confirmation. While there is still a possibility for Google             to revert the signal by generating a bullish signal, this has yet to be the case, despite a forceful ascension to its high target, TG-High = 1197.97.

OVERALL:
A bearish market signal was generated and remained intact despite a significant move to new heights, underscoring the predominance of unfettered bears in the face of that bullish impulse. If the market turns to favor bulls, we would indicate this change with comments pertinent to underlying technical shifts. Until then, we keep our eyes on the lower targets, one intermediate defined at TG-Int. = 1050.30 on January 29th, and one primary defined at TG-1 = 1029.20 on January 28th, 2014.

Cheers,

David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting
Denver, Colorado
USA


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Disclaimer from Bob Lobb Law: All of our analyses are for educational purpose only. The forecasts, analyses and opinions generated herein are not trading recommendations. Want to trade? Then, do your own due diligence first, seek professional advice from a licensed professional and enter the market at your own perils - 4xQuad, LLC.

David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

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Quick Note:Primary target defined on January 30th as TG-1 = 1197.97 just got hit dead-on (i.e.: at the tip-top of a candle's wick). Further predictive analysis and forecasting in the coming day(s).

Cheers,

David Alcindor
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