Today’s weakness in Google (GOOG) has violated key 4-month support at 455/452, which has triggered the downside potential of the Big “M” double-top that projects to 429, and then 400. For the time being, GOOG is heading into the gap area left behind on October 20 on the way up. The next immediate target is a test of the 200-day MA at 432/31.



Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.