GOOG – Google (Last:604.76)

If Google were to fall to 602.23, a midpoint Hidden Pivot, I’d be tempted to bid there aggressively with a stop-loss as tight as 601.99.  A decline of such magnitude is not likely to happen today, especially since it would be bucking a forecast that calls for at least slightly higher highs for index futures.  However, the target itself is compelling, and it will remain valid as long as 622.49 is not exceeded to the upside. ______ UPDATE (12:39 p.m. EST):  GOOG ignored the pivot, falling instead to within 3 cents of the visually obvious support of Monday’s dramatic 601.23 low.  Our theoretical loss on the trade was $24 per round lot, plus commissions.  The too-obvious support aside, my hunch is that the breach of the pivot has ordained a further fall to its ‘d’ sibling, 581.97.