NEW YORK ( TheStreet) -- So much has already been written about Google's ( GOOG) takeover bid for Motorola Mobility ( MMI).

There is the analysis from every angle from whether the deal will fly to what are Google's true intentions. I'm not here to dismiss all of this as rubbish but to simply suggest that it's all talk and hyperbole to some degree.

Even if we know the true intentions, for example, does that somehow give us a better understanding of where its stock price will be two months into the future? If it does, I'm not sure that I am smart enough to figure it out so I just try and look to the charts to tell me what people are doing with their money. Let them figure it out and tell me through their transactions.

What the traders are saying is that it's not perceived to be a bad deal. Here's the daily chart.

As you can see, despite spending all that money, investors did not sell the stock with any surge of emotion and the result is that the lows from last week were not even tested as a result of the deal. Now that can change but from this short-term view the deal is being viewed positively.

If I pull the chart back to see what the longer term implications are, on a weekly basis where a solid anchored support zone sits from $525 to $537. I would expect that with the current market environment, that's the zone one should consider trying to buy into.

Finally, on a long-term chart, it can be argued that Google has been doing nothing more than has been trading on two large trading floors for the past couple years. It currently remains centered in the higher of the two.

In summary, Google's deal making is generally viewed as positive by traders but the best price entry is still the anchored zone exhibited in the weekly charts.

Until next time, as always, just keep trading the charts.
At the time of publication, Little did not have any positions in any equities mentioned, though positions can change at any time.

L.A. Little, author, professional trader and money manager, writes daily on his own educational Web site for traders and investors. He has been featured in numerous publications and is the author of Trade Like the Little Guy. His new book, Trend Qualification and Trading, details the principles and techniques he writes about on TheStreet. Little�s background includes degrees in philosophy, computer science, computer information systems and telecommunications. With a trading philosophy centered on capital protection first and the accumulation of consistent gains over time, Little espouses a simple technical approach to trading the markets that is a throwback to the days of past. With a focus on swing points and trend qualification, he provides a breath of fresh air to an otherwise crowded room of derivative indicators with an emphasis on technical minutiae.

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