Sunday, August 03, 2008

GOOG Update for 08.02.2008

GOOGLE INC. - GOOG

Monthly chart continues to show weakness with no buy signal/pattern evident on this timeframe.

Weekly chart continues to show selling pressure, with no buy signal/pattern evident on this timeframe.

Daily chart continues to show weakness and selling pressure, with the island reversal pattern in place. No buy signal/pattern evident on this timeframe. Look for continuation lower.

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