The Indoos sputtered out yesterday a tad shy of a promising Hidden Pivot target at 13538. A sign of perilous fatigue? Hard to say at the moment, but if the blue chip average kisses that number as the week draws to a close, we’d be mighty tempted to take a short position over the weekend.

Although the Dow finished off 11 points, the blue chip average was actually up 30 points until fairly late in the day. Considering crude oil prices were in the throes of one of their sharpest one-day gains in years, the stock market’s resilience was mildly impressive. But if Wall Street can shrug off the ongoing real estate collapse and a by-now more-than-faint whiff of recession in the retail sector, as it has been doing, then it sure as heck can contrive to ignore the threat of $5 gas and $50 airline fuel surcharges by Labor Day.

Perhaps investors are looking on the bright side – i.e., envisioning a summer when fewer RVs will be cluttering the roads. They should come to Colorado, where half the miles are downhill. Find an 18-wheeler to draft on the climbing segments and you can squeeze Prius-like fuel economy from a Hummer. Better yet, use your AAA card to get a free tow up to the Continental Divide, then you can coast practically to Utah.