GOOG trending at the long term support

Google is trending at the Long time support. When I say Long Term, I mean the times of IPO. Look at the chart. I think this is a good time to enter before it breaks out and starts running over the 1000$ mark.

Inverted Wedge formation on GOOG.

I spoke about gold's inverted Head and shoulders pattern formation before it broke out. Now I see a same pattern coming up in Google. With all the IPO buzz me thinks that GOOG will hit $1200-1400 thrice the peak of the head and twice the price of the base.  Go GOOOOOOGLE!!!!!

GMXR has broken out of a 3 year down trend. Looks like Natural Gas is shaping up for a run into this winter.

Bear flag on Dow

Dow dropped through the raising wedge and till yesterday it tried to retest the wedge from the outside and also did a double top. Today it caved in and started falling.

Gold Broke down after reaching a new high

Gold is moving in a channel and today it hit the top of the channel and broke down unable to exit the channel and also after a new high. I think Gold should move down from here and will stay in the channel

Start of a much awaited pullback

With the sword hanging on the neck of Goldman and whole financial industry awaiting a financial regulation, FOMC standing pat on the interest rates and the summer ahead, I think its time to see a pull back/correction in the indices.