GOOG – Google (Last:745.42)

$822 GOOG targetGoogle shares have had the heebie-jeebies since last July, but even the gnarly pattern shown has a certain predictability about it. It suggests the stock will eventually hit 822.20, about $90 above current levels, before settling into some sort of corrective rut — or perhaps even, heaven help us, a bear market. I am so confident in the pattern that, were Google to achieve the target, I’d want to short there very aggressively. In the meantime, the stock could conceivably become a fetching ‘mechanical’ buy at any of the three Hidden Pivot levels — x, p or p2 — provided the pullback to them meets our criteria for a ‘mechanical’ trade. I make no attempt to reconcile an implied 12% rally in this stock with the broad averages, since I am skeptical the latter can remain buoyant for much longer. Ideally, GOOG will reach its target in 3-4 weeks with the Dow and S&Ps at marginal new highs. ________ UPDATE (April 3, 10:21 p.m.):  The crime syndicate that controls this stock is so unimaginative that they’ve opened it lower on more than 80% of the days when GOOG has ultimately gained in price. Helpful trading hint: Buy any weakness that occurs on the opening bar. Friday’s manipulation left the stock just shy of the 751.56 Hidden Pivot resistance shown, but if and when it is pushed aside, expect the rally to continue to at least 758.84, and thence to 766. 12 if any higher.  ________ UPDATE (April 6, 10:58 p.m.): A small adjustment in my targets: minimum upside to 749.93 looks likely from here, but any higher would indicate 757.21, or even 764.49.  Use this pattern to get long ‘mechanically’: 30-minute, A=728.66 on 3/29; B=757.88 on 3/30.