octradr
Short

TIME FOR A CORRECTION GOOGLE!

BATS:GOOG   Alphabet Inc (Google) Class C
683 7 1
A nice rounded top at the resistance line has formed and the EMA's are getting ready to cross.

Looking to get between 4-6% within a month. It probably will go lower but in the past it has taken up to 6 months to get down to the support line.

Place stop around 1045 just in case it decides to double tap.

The RSI has done a great job of calling bottoms. Anything under 35 is beginning to get oversold. Wait for confirmation to go long again.

HAPPY TRADING!
It looks like it is gonna make a new high today so I am closing out my short position. 11/25
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Breakout attempt today is beginning to fail. Add to short. 11/18 b4 close
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Re-testing the resistance line, going in for the double tap. Relative strength is weakening. 11/14
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Like the idea but don't think major pullback happens for 4 months(around March)........could have a small 1 mo. pullback in late Nov. to Dec. w/ the rest of the mkt. but think it goes higher until then & then breaks out to new highs after the 1 mo. pullback
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Pullback is too deep in my opinion.
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I wouldnt bet on it, the new support higher shows greater strength which means more up and less down moves. Then you have this rounding top which is different from all other peaky sharper tops which means, I think it will be used to shoot through 1100$ and break resistance.
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octradr Leclaireur
Time will tell.
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