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9.24.2008
GOOG almost there....
Man, the market was up a ton yesterday after hours, but now, it's flat today.. I guess we are not 'done' selling yet...
From looking at the GOOG chart, we have not had the "flush" in GOOG yet... I mean, the GS flush went from 150 to 90 in a week, and now back to 130 today. Or the CME flush went from 425 to 275 in 3 weeks, now 366. I can see a GOOG flush to 300 in the next few weeks... This answers my own question, which way will CSCO move, and I now believe that is down to the 21 area.
tb