This was very bullish. We had capitulation with heavy volume and we didnt lose any of the prior day gains and even gained in AH. Buy signal was confirmed at close. You will see.
810 by end of week.
Sentiment: Strong Buy
We have a shooting star under developement after todays close. If GOOG closes lower than $740ish you may call the run up for over and correction may be taking place. Though we need 2morrow for confirmation. As of now, it def. looks like reversal from here on.
the way i see it, the heavy volume today is from the fact that the sellers are starting to show up. obviously, not all the hedges that ran this thing up are ready to see it go back down yet, so we have a bit of a battle going on between the hedges as to whether we're going to keep pushing higher, or if it's time to bail.
I was thinking of doing the same myself but chickened out at the last moment. Can't believe how this thing is acting lately... Why is it so strong? It's even up again in after-hours... And today's volume... WOW!!! Over 3x normal volume. This can't be all a fluke; this is all funds drive...apparantly as the other guy above said someone knows something.