Uncomfortable as I am seeing the stock market’s glass as half-full these days, it’s hard to fathom that the Dow was off by a mere hundred points yesterday.  What with all the bad news, including horrific consumer confidence numbers, we might have looked for losses twice as large as those that occurred.  And now, true to form, the mini-indexes are getting short-squeeze Tuesday night, albeit only mildly so far. There are two modest targets just above — at 1099.25 and 1102.50 — but if the second is brushed aside, that would hint of a rough opening hour on Wednesday for bears.  If the futures fall, though, you should use the pattern in the chart to gauge the strength of the downtrend.  A failure to bounce at the midpoint would be telegraphing more weakness over the near term.  Please note that if the pattern plays out more or less as drawn, causing ‘P’ to occur, so to speak, in the middle of nowhere, you can try bottom-fishing with a stop-loss as tight as three ticks.