Tbone I am not disagreeing with the long term view. I would still bet it wont get there. I like MrCMEguy target of 517. Actually my own target was 513 but I went long on a hunch. Lets see how it plays out. The close was disasterous but she held 530. I think it will be tough to get this below 530. I know the P & F charts say 475. It simply wont get there is my feeling. Hope you are well my friend !
If it closes below 528 tomorrow, I'm afraid you'll get your wish of seeing GOOG trade around 517 before this week is over...possibly even by this Friday. Not bashing just stating the 'facts' as I see them. In the meantime good luck either way.
Looking at equity futures this morning, as well as taking into account that GOOG sold off even further in after-hours trading on Wednesday, I'm afraid a lot of people here are going to get their wish of seeing GOOG trade even lower later today... Possibly even substantially if the selling gets out of hand now that most MA have been taken out except for the 200, which stands @ around 501. Or God forbid another bit a bad news crosses the wires today. Anyway, I hope I'm proven wrong, but I doubt it at this point.