GOOG looking to go down for some time .

The market is showing many signs right now that before considering another bullish move , GOOG is very likely to go down atleast to the 1276-1296 area .If it fails to bounce up from there, it might go down further to around the 1230 area before we could expect it to continue going up .(This is as long as we don't break considerably above the red line which would rather be considered a buy signal.)

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The market did, in deed, reach the 1296-1276 area which was a buy area and did bounce up to break the red line with strength, which was a buy signal as said earlier.