DaytradeTeam Profitzzz

In our last post, we told you about the breakaway gap, typically the first gap open that a stock will make as it begins a new sustained move off of a consolidation period. Following a breakaway gap, the stock will often make a very nice move (up or down) before "stalling out".

The next gap typically occurs at the halfway point of a major run and is called the measuring gap. A measuring gap generally occurs right after the stock stalls in its downtrend. We showed you GOOG's breakaway gap yesterday, but if you look closely, you can see that GOOG has also made what looks like a measuring gap (2nd yellow highlight):

If this is indeed a measuring gap for GOOG, it has taken place about 140 points higher than the initial breakaway gap. In theory, this would mean that GOOG likely is halfway through a major run and has about 140 more points to go from the measuring gap at 340. This would mean that GOOG could easily make a run to 480/share!

Over a month (and 79 points ago), we told you why we wouldn't bet against Google. Now, we certainly do not expect GOOG to have nothing but an easy ride higher from here. We think that pullbacks to the top of the measuring gap (330-340) are certainly possible here, and we will be alerting members to stock trading opportunities on GOOG in real time.

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