An odd day for sure. The birds were agitated and the dogs were barking, and yet�no earthquake. Around mid-morning, with the DJIA off about 160 points, we would have given odds that the blue chip average would finish the day either down 250 points, or unchanged due to a short-squeeze in the final hour. In fact, neither occurred. The Industrial Average settled at 13984 ' down 108 points on the day but 80 points off the lows. A similarly constipated performance characterized the action in two other vehicles we were trading ' the Diamonds and the E-Mini S&Ps. Bottom-fishing in both, Rick's Picks subscribers were advised to get out of the way quickly when the midpoint Hidden Pivots we were bottom-fishing failed to contain downtrends in either vehicle. But instead of falling to the 'D' targets associated with those midpoints as we might have expected, selling pressure abated, allowing the broad averages to claw their way back to boringly unsensational losses. On balance, we view the action overall as mildly bearish, meaning we'll be looking for stocks to hit the downside targets today that they were unable to achieve yesterday. But it's going to take quite a bit of ballast to bring down Apple, which looks like it could pull the Nasdaq index 50 points higher all by itself. Yes, it was down yesterday -- but only 28 cents, and that was more than $3 above the day's lows. If the session had been an hour longer, nothing could have held Apple back. The action in precious metals was almost as unsatisfying, notwithstanding the fact December Gold was up more than $11 at one point and appearing to consolidate for yet another thrust. That didn't stop mining shares from giving back most of their gains, so that Newmont finished a
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