GOOG – Google (Last:755.62)

Google’s failure to correct all the way down to a Hidden Pivot target at 722 (see inset) is tentatively bullish and would be confirmed by a short upthrust exceeding 762.20, the higher of two external peaks shown in the chart.  That would create a promising impulse leg on the hourly chart — one with enough power, presumably, to end the two-week presumptive consolidation that has followed October 5’s all-time high at 778.  A low-risk ‘camo’ buying opportunity would beckon if a fleeting rally were to slightly exceed peak #2 and retrace in b-c fashion.