Despite psychotically wild price swings that are becoming almost routine, the stock market continues to act docilely and more or less predictably when approaching our Hidden Pivot price-reversal points. Yesterday, for instance, in the early minutes of the session, we caught the exact low of a sensational 450-point reversal in the Dow Exchange Traded Fund (ETF) with this trading recommendation sent out the night before: 'After-hours selling remains steady, with DaBoyz seemingly hell-bent on shaking loose more stock at fire-sale prices. As of 8:30 Wednesday night there was a clear downside target at 122.44, exactly 0.27 points beneath the so-far low. I expect a tradable turn from that price, a Hidden Pivot�' Stocks flounced around as dawn approached, but on Thursday morning, less than ten minutes after the opening bell, the Diamonds trampolined off 122.41 -- 0.03 points beneath our target and 0.05 points above the overnight low-- and never looked back (see chart above). The low looks to have been an important one, too, given that the Dow finished up 207 points on the day after easing 50 points in the final minutes. Although we had been looking for lower prices to start the day, we were bullish on the big picture and saw the previous day's wicked selloff as nothing more than a shakedown. Here's the analysis of the Dow Industrials that went out Wednesday night along with the DIA trade recommendation quoted above: 'The selloff that ended yesterday afternoon's comical, Fed-induced tug-of-war was unusually punitive, but I am nonetheless going to stick with the very bullish, 12952 rally target given here earlier. The pattern pointing to that number looks no less compelling despite the final-hour collapse, and, as you can see, the low did not surpass two prior lows even on the 15-minute chart.' Keep an eye
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