My comments giving Elliott Wave analysis of Google Inc (NASDAQ: GOOG) appeared on Forbes on 12 March 2012
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Hello Ramki,
What did you think of Google’s move today ? If it goes above $627 (appears likely), wouldn’t that still be valid for your theory since it could be carving out a wave 2 correction on the larger wave C ? Love your book by the way. Thanks.
Hello SC,
Yes there is no change to the outlook at present. Bear in mind that I am not recommending a sell short. Just that we should be prepared for a decline. I can’t see any fundamental reason for the move, but something will trigger it. Lets be patient
You wrote recently about Google and concluded with:
“A final few words is appropriate. When shall we agree that this (Elliott Wave of analysis of Google)…..is wrong? I will concede that something is amiss if the stock goes above $627 directly.”
So, Google stock HAS gone above $627 “directly”. What is your interpretation?
Hi Richard, thanks for writing. I will post an update today.