I have no position in Google ticker GOOG (chart above) but anyone who does I would suggest minding the gap just below current levels. It may or may not hold but if you're long (which I am not) I would counsel extreme caution and the judicious use of stops here. I am in no way cerebral enough to evaluate Google's business but the chart is something I can. WE are into the gap with today's trading and as every reader of this blog knows, it is paramount to live to trade another day. Anyone long GOOG should be on Defcon 1 level of readiness. I do hope I am wrong, but given this market discretion is advised.
Good speculating to you all and always remember that "an investor is a speculator who made a mistake and will not admit it".