channeling near highs, not as stretched as other techies

GOOG not even the leaders were immune to this weeks sell off. We see Google catching some support at the lower end of this developing channel around 875-880. This has been and still is one of the leaders this year so it can offer some nice clues as to how nasty this summer trading can get if it really starts breaking down. It's not as stretched to the downside as most other stocks so it is showing relative strength. Bulls do not want to see it lose Fridays lows. I am holding small position of common long into the weekend at 880.