GOOG up 14 pts – technical chart was right

Today the entire market rose with GOOG up 14 pts. After looking at my charts yesterday I was right about Google.com short term down correction about to make a move up after yesterdays two white candle reversals. Jones Soda Co. (JSDA @ 23.50) moves up another 5% as well. There are no options on JSDA so I will be on the sideslines of this one since I’m in too many trades at the money (bad). Its up already 15-40% in the last 3 weeks. Some stocks when they are on a roll the momentum will just keep pushing them up. I guess its smart to say as long as your stock is going in the direction you want it to and there is no other factors to change its momentum then you can play it pretty safe. Look at GOOG. When it moves it usually moves fast and many points in one direction. I’ve gotten in it before already up 16 pts just to go up another 10 pts and make me a fat profit the following day. I suppose that is when you really need to get some balls (excuse me ladies) to buy and sell your stock.

Meanwhile NYX is following its uptrend. BA still sits at $89 and NTRI moves slightly at $53.25.