The Line On Google (GOOG)

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By Mike Paulenoff | Published 10/14/2011 | Stocks | Unrated

The Line On Google (GOOG)

Expecting high-flying Google (GOOG) to make a run at its 2011 resistance line, now at 620-21? Yes, but probably not in a straight line.

My intraday pattern work argues for 608-610, followed by a "pullback" to the 580 area, after which GOOG should resume its climb to test its 10-month resistance line.

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com.

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