Very much in agreement with you on the formation GOOG is showing now. Stocks seem to keep holding up despite the bearish patterns - but I believe that eventually, price action does end up following what the formation on the charts say.

Corey, it looks like GOOG is a good short selling opportunity -- it is trading up slightly at $535 today. Stocks are rebounding from a two-day slide Wednesday, as Federal Reserve Chairman Ben Bernanke told Congress that low interest rates are still needed to support the economy.

My investment maxim is simple: in a bull market be a bull; in a bear market be a bear. In a bull market, one buys on dips; in a bear market, one sells into strength. The bear flag in GOOG communicates a short selling opportunity in a bear market.

Yet be advised that The Associated Press reports that Federal regulators have imposed new curbs on the practice of short-selling, hoping to prevent spiraling selling sprees in a stock that can stoke market turmoil. A divided Securities and Exchange Commission voted 3-2 Wednesday to adopt new rules. The rules put in a so-called circuit breaker for stock prices, restricting for the rest of a trading session and the next one any short-selling of a stock that has dropped 10 percent or more. Short-sellers bet against a stock. They borrow a company's shares, sell them and then buy them when the stock falls and return them to the lender -- pocketing the difference in price.

The MSN Finance chart of the the gold ETF, GLD, the Dollar Bull ETF, UUP, and the Bear Market Debt ETFs, TBT and PST http://tinyurl.com/yas2rop shows that prior to today, there was a rising yield curve, that is the bond market had been calling the interest rates higher on the longer end, which had been created an investment demand for gold, inspite of the 2% rise of the US Dollar from January 19 to March 24, 2009.

Being that gold is in a bull market, I recommend buing gold incrementally at BullionVault.com, GoldMoney.com and the gold ETF, GLD, in a trust account.

The Gold ETF, GLD, could easily fall lower to support level 104 or 102 where it broke out in early October 2009, if the yield curve weakens and the US Dollar remains strong.

But soon as concern grows over the Sovereign Debt of the United States, gold will soar awesomely beyond belief.