The Bearish Butterfly
isn't ideal... But being combined with the perfect Bearish AB=CD
could be effective. GOOG
could potentially touch $940 or $960 before reversing; but the odds are very slim. I see a double top
happening and lower we go. My first target is at $600, which might be the main target. I see a similar scenario shaping up with GOOG
that happened with AAPL
. It has become CNBC's and hedge funds love affair. Shouting $1000 price targets at the top of their lungs. Much like they did with AAPL
. Just like Buffet said be fearful when others are greedy.