Cramer’s Internet Thesis… reviewed Technically
Observe the charts below…
GOOG - He thinks it will stall. He may be right, but 450 does not appear to break…
Daily:
Weekly:
YHOO - looks bullish, and may see 36, or even 40 if Cramer’s positive statements push it enough. But if it were left on its own, YHOO is overbought and looks like a consolidation is in order…
Daily:
Weekly:
IACI - has already seen a huge run, and it seeing awesome momentum. But looks good…
EBAY - looks consolidated from the summer run, but it is at resistance and I do not think it has enough juice to break it in a correcting/sideways market…
Basically, Cramer is giving his viewers all momentum plays that have already seen nice runs. I guess that is what he means by ‘Mad Money’. But I would still be playing GOOG here, and will probably go overweight w/ call option if 450 is broken, but with the lack of negativity I do not think it will happen.
