GOOG – Google (Last:660.99)

We recently logged a theoretical gain of $3000 in this stock by catching a tradable low very precisely and riding it until an exit was signaled using an impulse-leg stop-loss. Let’s try to do it again using the pattern shown. I’ll signal when to buy if an enticing entry opportunity presents itself following an impulsive thrust on the hourly chart.  I prefer trading shares rather than options in this case because spread-trading puts and calls on a $600 stock is much hairier than simply buying the stock outright with a penny-ante stop-loss.  If you want to receive trading alerts in real time, be sure to check ‘E-Mail Notifications’ on your ‘My Account’ page.  It’s easier than you might imagine to out-forecast gurus who do it for a living. Click here for a free trial subscription that can start you on the road to making your own trading and investment decisions.