Yesterday’s gratuitous ups and downs left the Dow a little less than 200 points shy of the 9476 target we’ve been held in mind. More immediately, there’s a lesser resistance at 9331 that we can use to gauge the strength of any uptrend that develops today, and another at 9375 if the first number is breached by more than 3-4 points. Alternatively, the Indoos would need to drop below 9133 today to turn the hourly chart bearish. _____ UPDATE (1:01 p.m.): Today’s opening bar spurt missed the 9331 target by a whopping 6 points — and no, I cannot tell you why so many thrusts and swoons lately have been missing our Hidden Pivot targets by inches and centimeters. But yes, it is becoming annoying.
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