Saturday, April 17, 2010

Google (GOOG) Very Bearish Huge Breakaway Gap Down On Friday 4-16-10


Google (GOOG) Has a Very Bearish Huge Breakaway Gap Down On Friday 4-16-10, and, put in a bearish dark/red (close below the open) daily candle with a bearish medium spike, see Daily View chart one at http://stockcharts.com/charts/gallery.html?s=goog. Google (GOOG) also has a bearish weekly candle, see Weekly View chart two at http://stockcharts.com/charts/gallery.html?s=goog.

Also, Google (GOOG) volume spiked dramatically to 12.236 million shares on Friday 4-16-10 versus the 60 day EMA at 3.561 million shares, see http://stockcharts.com/charts/gallery.html?s=goog, which is another very bearish sign, because, the huge volume spike confirms the huge inverse price spike/very sharp decline.

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