GOOG tech update – confirms top with 12 count for market

GOOG before earnings anticipates good numbers and has a 12 count so you can sell into any strength you might see tomorrow as the market is at 99% of completing wave A up in general and the GOOG earnings are pricing in a rich valuation as of today’s price so tech as well as fundamentally less of a risk to get out or even trade the short side as I said at 300 its a good buy now its a good sell. Tomorrow may be very volatile due to expiration in general.

The 12 counts are confirmed for the SPX and NDX and DOW counts an 11 which gives us until Monday to complete the mission as we might close higher tomorrow anyway.


~ by behindthematrix on April 16, 2009.

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