We continue to view Thursday's sharp selloff on Wall Street as little more than the beginning, and end, of a fleeting shakeout -- one intended to bring stocks down to levels where they can be accumulated at cut rates by Da Boyz before the scoundrels goose shares once again, renewing an all but endless, and seemingly virtuous, cycle of asset inflation. The bullish case is buttressed by several factors that were elucidated in detail in the Touts section of Rick's Pick last week. For one, the S&Ps, in the form of the E-mini futures, are tracing out a resolutely bullish pattern whose Hidden Pivot target looks sufficiently predictable that we've designated it a 'hula number' ' meaning that if it is not reached, and rather precisely at that, we (your editor, that is) will don a grass skirt and dance the hula in Times Square in the middle of winter. But there are other factors that point higher as well, including an unachieved bull-market target in Apple shares that lies far above Friday's settlement price. Precisely how far above is a detail we shall reserve exclusively for Rick's Picks subscribers. However, suffice it to say, the target is well more than 20 percent above these levels. It is an important Hidden Pivot with a 'sibling' midpoint at 161.00, and because of Apple's bellwether status, we are obliged to take it seriously. Concerning AAPL's price action, typically, when a powerful uptrend gets too far ahead of itself, the inevitable correction will tend to display a magnetic attraction to the rally's midpoint. Apple did just that on Thursday, plummeting from a record high $170 to an intraday low at $153 before bouncing back toward 161. 'Don't be surprised if the stock's oscillations over the next couple of weeks' center more or less
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