Google Fibs

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For being such an active and important stock, GOOG doesn't appear on this blog very often. I simply don't trade it that much. But I will point out how "obedient" it has been with respect to its retracement levels:

That's quite remarkable – an approximately 2/3rds loss in value in one year's time. To my way of thinking, GOOG seems poised to fight its way back to about $350 before resuming its plunge and cutting beneath 2008's lows.