That's the point...that's your idea of smart which you clearly aren't....it's a $510 stock, why wait for a $1 over the last two tops to buy?!!?!?!? If that's your idea of being smart you're pretty dumb. That being said, people probably did buy $514 and now the stock can easily zoom up another $10 after you panicked and sold at $509.
Not to be a dick, but even your rephrasing, "Do hedge funds sometimes watch certain widely watched technical indicators" is vague. Yes, i bet there is a hedge fund (out of thousands) that occasionally (but not always) use a technical indicator (out of thousands).
Goog is def. going to close above $513 this week. If you look at the two year chart you can see a perfect cup and handle. The handle has been completed.