At one point yesterday, virtually all of the hot stocks and high-fliers that I track were ‘in-the-green’.  In saner times, when shares were driven by actual investors rather than by algorithms programmed to throw limitless sums of Other People’s Money at the market, we might have expected such an excess of overbought zeal to produce a nasty reaction. Not any longer, though. Check out GOOG’s hourly chart (inset), which shows buyers tripping over themselves to avoid missing the next monster leap.

Indeed, there appears to be sufficient momentum in yesterday’s short-squeezed spasm to suggest that buyers won’t rest until they test the all-time high near 1170.  Evidence of this is strongest in the fact that the selloff did not even reach the ‘hidden’ support at 1086 (red line) where we would typically look for a corrective move to reverse. So what’s next? Hidden Pivot analysis suggests GOOG will reach 1192.12 with the next manic leap. That would become an odds-on bet if the stock can close for two consecutive days above the 1136.69 midpoint pivot associated with the target itself.