PCLN – Priceline (Last:704.98)

I missed a trick when I pronounced this vehicle doomed after it slid through a 609.47 midpoint a few days ago. There was a perfectly serviceable alternative midpoint pivot at 606.05 that in fact predicted Priceline’s powerful bounce within 40 cents. I’ve labeled the two respective B-Cs so that you can see for yourself.   Notice that the lower of them — the one that actually worked — yielded a hidden support at exactly 606.05 (the red line), foretelling the bounce we saw from 606.45.  The lesson here is that Priceline’s ups and downs are as predictable and tradable as that other $600 supposed giant-killer, Google.  One final note:  camouflageurs should see in this chart an interesting buying opportunity at the moment arising out a very short k-A segment. Can you  find it? _______ UPDATE (December 24, 11:29 a.m. EST): Use the p and D targets of the pattern shown, respectively at 605.39 and 572.14, if you’re fixing to get short or bottom-fish.  _______ UPDATE (January 3 at 2:44 a.m. EST): The stock appears bound for 668.10 after trampolining from a shakedown low at  601.50 on New Year’s Eve day.  The p midpoint resistance associated with that target is 647.89, but don’t expect it to show much stopping power. ______ UPDATE (January 15 at 11:38 p.m. EST): The stock overshot my target by 23 cents before DaScumballs pulled the plug and let this vehicle fall $14.  They then proceeded to goose the stock back up to 665.79, presumably with even more ambitious targets in mind.  The stock, as you can see, has been perfectly predictable and not the least bit scary, so camouflageurs should be licking their chops right now.  _______ UPDATE (January 22 at 4:32 p.m. EST):  The stock is bound for 719.93, the Hidden Pivot target, on the daily chart, of A=556.45 (10/25); B=679.23. With nearly 50 points of upside potential over the near-term, camouflageurs should focus exclusively on the buy side. The p midpoint is 658.54, and so a swoon to that number, unlikely though it be, should be viewed as a gift for bulls not yet aboard. ________ UPDATE (January 28 at 11:52 p.m. EST):  The stock somewhat exceeded our target yesterday after rallying to within inches of it on Friday. The actual high was 721.96, and it was followed, not surprisingly, by a sharp selloff 700.40. This is very like a pullback for another thrust, since the rally that achieved the recent high was bullishly impulsive on the daily chart. Camouflageurs should position from the long side, although it’s still too early to pounce.