Potential Scenario

for Google Inc. (Public, NASDAQ:GOOG). The stock tested the rising 50 day MA again today and while the short term trend (shown on this 10 minute chart) is still lower, the rate of descent has definitely slowed. On Friday I outlined the divergence between price and the MACD on the hourly timeframe and indicated that, along with the 50% retracement and the test of the 50 day MA was reason to start “stalking the stock”. The watch for an entry continues and it appears that a move above 639-640 would not only take out the high of the last 2 days, but it would also recapture the 5 day MA for the first time since this move lower began. Continue to watch the stock and wait for price confirmation before a trade is entered. ONLY PRICE PAYS