Registered User
Joined: 8/12/2006
Posts: 83
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At the historical Trend line support. Good Entry point. Getting in tomorrow.
High price should not deter oneself. Whether it is a $5 Stock or a $500 stock, we should go by percentage move.
I am estimating it should touch low of 441 before bouncing back.
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Registered User
Joined: 12/2/2004
Posts: 1,775
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Just looked at the GOOG chart and I don't see a good entry point at current price; to the contrary I see where price broke support two days ago on high volume below 450. At the very least I believe price will test the 200-day around 430....that looks like a magnet area too, considering 430 would also fill the Oct. gap. Bottom line is that I put more emphasis on that gap and corresponding moving average than I do the trendline. My two cents fwiw, good luck.
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