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I wouldn't think about GOOG, as it has a lower high already.AK84 wrote:Hi Cobra!
With so many stocks such as PCLN , AAPL , GOOG , etc stopping their sell off at 50DMA and now bouncing today, would you think this is a good time to pick them up and go long or should one wait still more to see if there is a second leg down >
Especially with AAPL and GOOG I see the 50DMA as being strong support for as long as 1 year on the chart (with few exceptions ofcourse ) . What is you take and advice to this newbie?
Thanks.