GOOG – Google (Last:498.02)

With yesterday’s 500.47 low, Google is closing on a 488.33 target, a Hidden Pivot that would max out the theoretical downside on the daily chart.  I don’t trust this stock to give us a precise low for bottom-fishing with a tight stop-loss, but my expectations are high for a tradable turn from somewhere very close to our number. If you’re hunting for camouflage, I’d jump onto the 3-minute bars if and when Google comes down to 490.50.  I’ve set a screen alert so that if the opportunity presents itself, we can try to catch this one together during a real-time webinar.  I haven’t played around with Google this way before, but I suspect the stock can be easily cornered and trapped if we chase it down on the very lesser charts as it approaches a crucial turning point. ______ UPDATEWith the Dow in a thousand-point freefall, Google bottomed at $460, down $50. However, the subsequent surreal, $50 bounce occurred too quickly to act upon, much less discuss in a webinar.