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Wait for the Pullback in GOOG

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December 02, 2013 – Comments (0) | RELATED TICKERS: GOOGL

At this point, I wouldn't jump into Google (GOOG), instead I'd wait for a pullback to $1043, before jump-starting a long position.

The pullback over the last two days looks fairly harlmless and one to be taken advantage of here once it hits my price. I've made a career off of buying the light volume pullbacks as the bounce off of the previous breakout level tends to be much more powerful than the initial pullback. 

Here's the GOOG technical analysis:

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