So google bounced and check this out. On 11/12 i said I was looking at 620 to be the bottom based on the 50% retracement level. On the 19th goog did a little double bottom at 620 and is now trading at $693.00. check out the picture

This time using fibonacci projection lines we can look for the next buying opportunity. As of today google has already broken above the first projection line at $685. the 38.3% projection is at $720. If you are looking to buy, wait till the stock breaks just over 720 on its way up to the previous high of $750. If we get bad news or no rate cut the stock could be stalled at 720, thats why you wait for the confirmation.