Comments on: Comparison of RIMM, AAPL, and GOOG http://blog.afraidtotrade.com/comparison-of-rimm-aapl-and-goog/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: vinaydh http://blog.afraidtotrade.com/comparison-of-rimm-aapl-and-goog/comment-page-1/#comment-113426 vinaydh Sun, 29 Jun 2008 00:42:58 +0000 http://blog.afraidtotrade.com/?p=2533#comment-113426 I think GOOG is the weakest of all three. The way the market is falling apart calmly; I think all three have significant downside risk. All the indicators that would signal an interim bottom are quite a ways off from where they were at the March bottom and yet the indexes are flirting with the lows of March. In case of Dow; it has broken those lows. The BKX is approaching 1999 levels. It is foretelling trouble ahead. I think 50% retracement of the last 5 year bull run can take it to 1180 easily in the next few weeks. I think that would be enough to jolt the people out of complacency. I have been hearing that the markets are oversold and due for a bounce but hasn't happened so far. It may happen next week but betting on that looks like a foolish bet for now. The only sure bet is the short side until we see the panic readings of March. I think that would coincide with 1180 s&p or else we go to the next stop 1085. http://stockcharts.com/h-sc/ui?s=GOOG&p=D&b=5&g=0&id=p93953895395&a=142493026 I think GOOG is the weakest of all three. The way the market is falling apart calmly; I think all three have significant downside risk.
All the indicators that would signal an interim bottom are quite a ways off from where they were at the March bottom and yet the indexes are flirting with the lows of March. In case of Dow; it has broken those lows. The BKX is approaching 1999 levels. It is foretelling trouble ahead. I think 50% retracement of the last 5 year bull run can take it to 1180 easily in the next few weeks. I think that would be enough to jolt the people out of complacency. I have been hearing that the markets are oversold and due for a bounce but hasn’t happened so far. It may happen next week but betting on that looks like a foolish bet for now. The only sure bet is the short side until we see the panic readings of March. I think that would coincide with 1180 s&p or else we go to the next stop 1085.

http://stockcharts.com/h-sc/ui?s=GOOG&p=D&b=5&g=0&id=p93953895395&a=142493026

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