Google

Here is a 15 minute bar chart of Google.

Notice that the swing down from c to d at 331 Friday was much shorter than the precceding swing down from a to b. Note also that the volume near the low at d was much less than at the preceeding low at b.

This means that the selling pressure on the market was weaker at d than at b and is a bullish clue. The subsequent rally to point e was the biggest of the drop from 387 and broke above the high at c.

This combination of evidence tells me that the drop from this morning's high at 346 will make a higher low, probably near 335 and that the next swing upward will carry GOOG to 355.