The Long Investor

$GOOG TOP 20

Added 2024-11-23 15:53:32 +0000 UTC

$GOOG and $MSFT are still the two most important charts for me at the moment, not as an opportunity but as an indicator for how the market will move next.

If $GOOG can hold the 200 Day MA at $165 and it has tested this level on Thursday and recover, then I believe the market will melt up, as long as $MSFT can do the same.

But if $GOOG and $MSFT lose their respective support levels then it will be very difficult to get a strong melt up situation with these two heavy hitters pulling back....and while $AAPL moves sideways.

Either way, if the 200 Day MA is lost I will trim my position and will certainly be adding under $136 for Wave C and hold for Long Term.