Google Trends Lab - a new online trading tool?

Google (NASDAQ: GOOG) has recently released a new addition in the free online searchable data called Google Trends Labs And this one looks like it might add some interesting new info for the online trading community as well.

I think it would be neat if you could run some trading indicators on the new Google data there but even as it is you can see a definite correspondence between these charts and say the given commodity or stock charts corresponding to the search term at hand.

Say when you look at the end of 2004 search volume for the word ‘coffee’ there – the big low on the chart corresponds quite well with the beginning of a very nice rally up in coffee prices! And similarly there in the third quarter of 2005 even though on a smaller scale.

Fibonacci Vortex

The Fibonacci Vortex is a relatively new trading and charting tool. Simmilar to the Fibo retracement, timeline, fan and arch it deals with the Fibonacci ratios. Interestingly though, it is based on plotting of the actual Fibonacci spirals directly on the price charts, as in the example above.

For the purpose of predicting future price movements the Fibonacci Vortex is first centered at the recent major peak then it is scaled and rotated to fit the chart and the given price action.
There is a very cool charting software that makes it quite easy to use: Wave59
Besides the Fibonacci Vortex it also contains a number of other cutting edge trading tools and indicators and is free to try out for one month.

This tool is not only very accurate but perfect for online trading of stocks, futures and forex alike.