GOOG Google Weekly Chart Overbot Rising Wedge Negative Divergence

The AAPL chart was posted on the weekend. GOOG weekly chart is the same fractal as Apple was at the September 2012 M Top. Time to run for your lives. The negative divergence wants to see a strong smack down. Some near-term momo in the RSI and MACD can create a jog for the coming days or week or two but the chart shows that Google is on borrowed time. All the traders buying this stock now will regret it a couple weeks from now. Keystone's 80/20 rule says 8's lead to 2's, so 780 leads to 820. A print may occur in the apex of the wedge in the coming days but the negative divergence clearly shows there is no more strength remaining. On the way down, watch 780, then 735-ish. Projection is low to mid 700's within the month. Simply look back at AAPL's weekly chart to see what happens next. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.

Note Added 3/4/13 at 8:00 AM:  GOOG ran higher today closing at 821.50. This should likely do it, a move through 815-830 for a few days more until the negative divergence creates a firm smack down.