Although likely in my estimation, a rally to the well-advertised Hidden Pivot at 144.19 is not quite a done deal, especially if the stock gets pummeled today, widening the distance from yesterday’s high. We would therefore do well to begin the day with no expectations — other than of the usual Friday Follies, with their wonted spasms of insanity, panic, comedy, despair and paranoia. Keep in mind that yesterday’s selloff was not impulsive above the level of the 15-minute chart, so bulls will not exactly be cowering at the bell.
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