GOOG Forecast

Its interesting forecasting individual blue chip stocks. Not only am I forecasting the stock, it gives me an extra set of eyes on what the market is going to do as well. Almost like the tail wagging the dog. Seeing these blue chips are so ingrained with the ETFs it really gives some extra perspective.
It looks like we are going to be blowing off some steam for about a week, at least according to the Google chart:

As you can see, multiple indicators are telling me things. The Aroon is an excellent indicator that is more predictive in nature. As a matter of fact, if you as a trader have been seeing all those ads online about the stock system where you will only make money if you just buy and sell at the crossover X is actually using a variant of this Aroon indicator. As you can see, it is easy to draw forwards and figure out when the lines are going to cross. Then you go foward in time on the candle chart and bring the X axis on down to the Y axis ( the candlestick chart itself) and right at that point is your red X, or when the stock should start climbing again. I needed more affirmation on that, so I used the ADX with DI+ and DI-, and the Williams %R. The ADX, or the indicator right under the candlestick charts shows that the reversal is coming, the thick black line is on its way down and when it crosses at about 15, a reversal happens. In this case the reversal would be up. The Williams is still telling us things are not quite yet in buy territory.
In looking at this, I can see the background of things, much like the Matrix. The market running behind this bluechip is really a good part of the forces that are shaping this chart. So I can say with a good measure of confindence that we are going to slip for about another week, week and 2 days.

Plan your trading accordingly. Remember, later today, Ill tell the Ron the Bus Driver story.
Tradinginsider