Dow Industrial Average (last: 7806)

The Dow seemed inexorably and imminently bound for at least 8059.88 when the bell ended yesterday’s spree, although it will always be a coin-toss predicting how anything will open the next day — especially when the next day is a Friday, and especially when that Friday caps a week when arrant stupidity and hubris were at their very boldest in the political, public and financial realms.   A higher target at 8143.59 (or if any higher, 8155.14) is analagous to the one at 848.25 proffered at exactly for the E-Mini  S&P. These last two targets can be shorted aggressively with stops a bit wider than we generally use, since topping action at or near them looks very likely. _______ UPDATE (10:43 a.m.):  The Indoos broke lower to begin the day, but not very persuasively, since they managed only a faintly bearish impulse leg on the 15-minute chart.  It could conceivably open up an opportunity to buy at the c-d correction midpoint later this morning, although point ‘c’ has yet to form.  Here are the coordinates thus far: A=7931 (Thursday’s high); B=7772 (This morning’s low, rounded); and C=(so far) 7818 (also rounded).