Google got within pitching-wedge distance yesterday of the 562.27 rally target shown in the chart. Now, if the stock gets second wind and pushes back up to our number or somewhere very close to it, we should try to get short using camouflage. Specifically, I’ll recommend shorting 200 shares at the first downtrending ‘X’ of minor degree after the target is approached within, say, 60 cents. You could also try something easier but somewhat more risky, offering 200 shares short at 562.19, stop 562.41. ______ UPDATE: We’ll put this one aside for now following yesterday’s plunge to 538.
