GOOG – Google (Last:657.62)

Recent touts for this stock have been quite bearish, but we should nonetheless be prepared for a tradable bounce from the 650.69 midpoint Hidden Pivot shown. [Please note that this number has been adjusted upward to correct a Tradestation glitch.] If the rebound is strong, it could imply that Google will be among those companies that will find a way to make money during the hard of times that lie ahead. For now, though, we’ll infer that the stock is likely to fall to at least 650.69.  I’ve set a screen alert and will furnish detailed advice for bottom-fishing in the chat room if the opportunity should arise. _______ UPDATE (4:05 p.m. EST):  Google has plummeted nearly $16 today, to a so far low of 651.23.  Any ‘camo’ buying opportunities will be found at the right-hand edge of the one-minute chart. I’d wait for a low within 0.20 cents of the target before you start looking, however, since, even using the one-minute bars, a ‘bad’ entry signal could cost you perhaps 20-30 cents per round lot.  We risk missing the trade by waiting for an exact hit at the target, but there will always be other opportunities. _______ UPDATE (10:18 a.m.):  The 650.69 midpoint pivot where I’d projected a potentially important bottom has caught this morning’s low within 39 cents. If anyone bought down there, please let me know in the chat room or via e-mail so that I can establish a tracking position for your further guidance. So far, even on the one-minute chart, there have been no ‘camo’ entry signals, but that looks like it’s about to change.  _______ UPDATE (10:24 a.m.) I’ve heard from two buyers so far, with ‘Dinger’ reporting a so-far worst-case buy at 650.75. He has covered half at 656.12.  I’ll recommend exiting the third of four round lots at 659.00, then swinging for the fences on the 100 shares that will remain.