Technical Analysis Category
Google to find support
By: OptionPundit on: Feb 12,2007 In: Technical AnalysisFor OP readers who like to use technical analysis, check out Google’s chart today. It is about to find support. You may draw your conclusions, my guess is that it is going to be pinned somewhere between 450 or 460 before it either rises or falls below the support level. The key driver is Option [...]
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This assumes a $10,000 starting and fully invested capital. The current phase started when OPNewsletter was re-opened in Jan'08 for Feb'08 expiration. OPN Month is counted as 3rd Friday of each month same as US Equity option expiration day. Comparison with S&P500 or Dow is not shown as it's unfair to expect from such large institution to deliver high returns. I would rather compare with my own target.
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