The market’s failure to fall yesterday came as a surprise to me, but perhaps because there are no sellers around who still have their genitals, stocks simply needed a day to work off a mildly oversold condition. In any case, heavier-than-usual selling Monday night was creating numerous Hidden Pivot targets below. My favorite is the 1051.00 target of the pattern shown in the chart. The sibling resemblance between k-A and B-C is what drew my eye, and we may get confirmation of this relationship when ES hits the 1077.00 midpoint — my minimum downside target for the near term. Night owls are advised to try bottom-fishing there with a very tight stop-loss, since DaBoyz only rarely take stocks down more than that overnight unless they are expecting a selling avalanche at the opening bell. Keep in mind that the oh-so-coy strategy of the klismaphiliacs who work the night shift is to find a level at which selling dries up, and then to hold stocks at that level or above until the opening bell. Occasionally they guess wrong, however, and they get buried by the unanticipated onslaught of sell-at-the-market orders that have built up just prior to the opening. (Note to Harry and other eagle-eyed pivoteers: Yes, I know the k-A segment I’ve notated in the chart ignores the true point ‘A’. However, when I speak of a sibling resemblance between k-A and B-C, it is the length and breadth of the overall patterns that I am comparing.)