GOOG – Google (Last:858.76)

All signs point higher at the moment, but even Google will have to top somewhere. My best-bet for a short-able apex is 929.78, the Hidden Pivot target of a well-defined ABCD on the monthly chart (see inset). You can try shorting with camouflage at that number, or at the D target (in purple) of the lesser pattern, but until then all trades should incorporate a bullish bias.  ______ UPDATE (May 23, 12:40 a.m. EDT): Yesterday’s selloff did not create an impulse leg on the hourly chart, but it is not exactly a sign of good health that the decline has begun without GOOG’s having quite achieved our 929.78 target. A further drop today exceeding 883.96 to the downside would add to the evidence that the recent top will be an important one. _______ UPDATE (May 28): If Friday’s lows give way, look for a further fall to exactly 854.65. That’s a Hidden Pivot support that comes from the hourly chart (A=909.31  on 5/22), and it can be bottom-fished either using camouflage or the tightest stop-loss you can handle. _______ UPDATE (May 29): A day of gratuitous hysterics has altered our target slightly.  It is now 853.84, a Hidden Pivot that can be bottom-fished as noted above. _______ UPDATE (June 4):  From the opening-bar high, GOOG plunged $16 today, to an intraday low at 854.07 that came with 23 cents of the target given above.  The subsequent bounce carried nearly $8, so it would have been a great set-up for bottom-fishing (or exiting shorts). If you would like to learn how to do this cheap parlor trick yourself, consider taking the Hidden Pivot Webinar.  This six-hour course is available to all and can be taken at your leisure in six recorded segments.  Note to camouflage traders:  The first place you might have attempted to get long would have been at 856.59 (15-second chart, A=856.59 at 2:17:15 EDT).