GOOG - Cycle Wave 2 - SHORT

is a STRONG SELL.

Cycle Wave 1 complete.

Cycle Wave 2 beginning...

Near-Term Target (30-90 days): $975

Long-Term Target (1yr+): $660

Primary Wave (Down)

Will update.

-AB

Note

The result of ETFs.

Tech Sector all have extremely similar charts.

Note

Cycle Wave 2 Time Est. 168 days.

Note

Has anyone seen Google founder Larry Page? Me neither. He’s in the witness protection program of his own doing. Brilliant.

As you chill the champagne ending 2018, the only thing worse this year than owning bitcoin was being the visible face of corporate America, especially technology. It’s the year of the beleaguered CEO, with Facebook ’s Mark Zuckerberg being the poster child under the caption “Mamas, don’t let your babies grow up to be CEOs.”

Note

In October 2015, Sundar Pichai became CEO of Google. But really, he is CEO in name only. Mr. Pichai runs a division of Alphabet, a holding company that contains Google (which accounts for 99.6% of Alphabet’s revenue) and a bunch of hemorrhaging “Other Bets.” Mr. Page is CEO of Alphabet, a heat shield between himself and trouble.

It was Mr. Pichai who fired James Damore in 2017 for writing the “Google’s Ideological Echo Chamber” memo. It was Mr. Pichai who canceled involvement with the Pentagon’s Project Maven. It was Mr. Pichai who dealt with the employee uproar over sexual harassment and the China search-engine plans, and who testified before the House Judiciary Committee. At a recent Dealbook conference, Mr. Pichai was asked, “Where’s Larry Page to answer these questions?” Where indeed.

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