GOOG – Google (Last:819.15)

Google’s take-no-prisoners short-squeeze could go another 20 points before it hits something solid. There are two daunting impediments, actually:  March 6’s all-time high at 844.00, and the 839.58 Hidden Pivot target of the pattern shown. Yesterday’s close above the 818.08 midpoint resistance implies the target is likely to be reached, so camo trader should position from the long side for now. If we attempt a ‘camouflage’ short up there, we’ll do it with put options and theoretical risk of no more than 0.20 ($20) per contract.  Click here for a free trial subscription that includes 24/7 access to the chat room and intraday trading alerts in real time.