Google: Pause?

Over the past two weeks, Google's stock has been taking a breather, moving mostly sideways. Our primary scenario suggests that price will soon gather fresh upward momentum and swing into the red Target Zone between $377.44 and $418.64, where it should complete the overarching upward cycle of the beige wave I. Once this occurs, a new downward impulse is expected to begin, making the red zone suitable for entering short positions; a stop 1% above the upper boundary of the zone can provide protection.