Thursday, December 12, 2013

Google shares now heading vertical - don your parachutes, folks.

Google's chart is looking a lot like Wall St. darling Amazon right now: both have gone nearly vertical.  That has always been a better time to sell than to buy.












I fear that Google shares are about to feel the axe of common sense.  Here is my model for these shares for 2014.  Of course, the suspected ending diagonal and the "c" label associated with it should have ?? after them since they are not confirmed yet.  But with the chart now heading nearly vertical its a good bet that a significant top is quite near.

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