Well today google gaped below 650 and kept going. Next stop is the 50% retracement line. If you look at the intraday chart 650 was a critical value, once the stock jumped below it around mid day it never recovered. The 50% retracement line is around 620 and this point showed some resistance on the way up also. We are coming up on key inflation data, while goog isn’t the most responsive to this information it is keeping investors in check so big moves will probably wait. I’m going to keep any eye on google settling at 620, if it moves past this point we’re probably looking at a stock in the high 500s. if there isn’t catastrophe in the numbers on the 14th then I’m going to look for goog to move back up.

Here is todays intraday google chart