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An ageless target at 1113.00 that served us well early in November has shown more staying power than we might have expected. I hesitate to designate it as the Mother of All Bear-Rally Tops, however, because one can never be entirely certain about such things (even if one can trade them with almost zero risk). With neutral expectations at the bell on Monday morning, there is no compelling reason to look for camouflage opportunities either up or down. They will be present, to be sure, but it will be no easy task to extract more than a few points of profit from them. A pattern that I have illustrated in the accompanying chart could develop into something with tradable implications for Sunday night-owls.
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