750-800 price range is reasonable - assuming the broader market keeps declining, and then Sergey B would probably unload some shares on June 6-10, then Fed will "down" market this Friday, then Apple would steal a moment at WWDC on July 10-16, then Eric S is going to sell his usual million$ in shares on July 25-28, and on top of that they might miss earnings expectations in mid-July... That is of course a very negative scenario, the positive one - stock will bounce back from 830-840 to 870-890 in the next week, if that won't happen sell it and never return :)
I think it wants to test the 50 dma or $850 area and we are pretty darned close. The good thing is the 50 is far above the 200 dma and this is a correction not a broken chart. The volume on this selloff is low so I feel it is one or two large hedge funds that are jacking with the retail investors. I wasn't surprised to see the market take back this p.m. as I think the big money is sitting on the sidelines waiting for the ADP report tomorrow and then the employment report on Friday. The market wants bad numbers not good numbers now the Uncle Ben is waiting on employment to improve before he begins tapering off QE3. I hope it gets what it wants tomorrow so we can begin moving back above $900 again!
What goes straight up generally comes straight down... all gaps get covered.
Google needs to cover an 832 Gap and a 778 Gap... It will happen. When? who knows (could be years after a split and so on but ALL GAPS GET COVERED IN TIME, ALWAYS)
Me personally would rather the gap get covered sooner than later... get some great earnings and a hint of a split and be out. my goal...
I'm long with protective puts (June 22) and (September 21)
I'm sorry but your definition of gap is incorrect. Gaps into uncharted territory typically get filled. The gaps you refer to are within a longer term trading range... If I had to place a bet it would be that it begins to find support in that mid 840s previous high.