GOOG – Google (Last:708.13)

Google apexed yesterday a mere 39 cents above a 728.71 target easily identified on the hourly chart (see inset).  That could be it for now, but if the stock moves still higher on Wednesday, the 734.60 target shown, which uses the next-lower point A, is a logical place to expect a short-term top.  It would be tradable, of course, but I’ll leave it to you camouflageurs and Pivoteers to figure a way to board if the opportunity should arise. ________ UPDATE (December 24, 11:20 a.m. EST):  Buyers have found traction this morning 11 cents from the 707.49 target of the pattern shown.  This Hidden Pivot was surely tradable, but if it’s breached even slightly expect the weakness to continue down to at least 703.80, a target that fulfills the lower B-C pairing.