GOOG

GOOG is in a compressing wedge. The top line represents the declining tops while the bottom line is a long term trendline. Which ever way it leaves the wedge, I'm sure the move will be very substantial.

PIVOT POINTS

PROJECTIONS

TACTICS

I see the market trending until the fed announcement on Dec 11. I'm 90% cash. GOOG and AAPL are the only positions I'm in. Here are my moves:

Entry @ 630. Stocked rallied up to resistance/support area defined by stalled rally last month at the same spot. Volume is minimal to get to here. I sold 1/2 position towards end of trading day. Bought DEC 640 puts to hedge remaining position. Place a stop @ 640 but will remove it since I bought the puts.

Entry @ 153. Sold all Dec 175 calls today and bought Dec 155 puts at end of trading. Notice how stock behaved last year at this time. It usually doesn't make its big move here. Also, it is at resistance here. It may just be stuck in a consoladation range here.

SNAP BACK UP

Here's my criteria for entry:
* Play off the 50MA
* Doji followed by bullish kicker
* In middle window, red and green above 50...while orange and red in snap back position.

GOOG
Here it qualifies for my watchlist by breaking above the 50MA.
Note the very powerful move above the LR30-30 too.

After the snapback move on 9/10, I set my entry @ $529.83...the swing high...on the doji day 9/17. The next day was a bullish kicker and I got in with 1/2 position here:

On this doji day with the snap back up fully loaded, I set my entry @ $571.75. The next day I got filled with my other 1/2 position.