The rally did not surpass even a single “external” peak, although any congenital weakness we might be tempted to infer from this would be negated by a print today at 8187.25. More bullish still, and hinting of a change in the short-term trend, would be a rally that surpasses 8310. From a Hidden Pivot standpoint, 8259 is about as far as any rally should be expected to go. _______ UPDATE: This morning’s juicing got the Indoos to 8406, reflecting a gain of about 350 points. As of 1:46 p.m. the Dow had pulled back to as low as 8229, sufficient to be presumed ready for another leg up. Assuming the pullback low endures, the second big leg would trigger at 8464; if the low is breached, the trigger would occur 44 points above the new low.