First, the markets have made new highs, yet Google didn't go along for the ride. I think this gives a piece of evidence that Google's uptrend being broken is for real. So, Until I see the stock get back above these moving averages, lower pricing is possible in the short term. Long term, I really like this company and the earning's power it possesses. Any selling that occurs is to be viewed as a buying opportunity in my opinion.
And remember, that's my OPINION. Talk to your own professional adviser for what to do with this stock.