Here is my crude (very crude) attempt to put Elliott Wave on the mighty GOOG. Although GOOG does not exemplify "Crowd Behaviour" it is still worth a try to see where it fits in the EW count.
Noting the advance from Mar lows as a 5 wave advance, the primary count is showing the present price action to be in Wave 5 with a target of wave 5 to be $472- $474 range. Since the 3rd wave extended, 5 wave is probably not going to extend. The correction (abc) has a target of $396, lets say $400. It may only be till $406.
Also, note the diverging (bearish) volume in the last couple of weeks. It points to possible weakness in upward momentum, in line with $NDX.
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