We noticed yesterday that the 11867 peak of the Dow’s recently terminated, thousand-point bear rally lay just at 12 points from a clear Hidden Pivot midpoint resistance at 11855. What this implies is that the bear cycle begun from the August 11 peak is likely to continue at least until 10573 is reached. That’s the midpoint’s ‘D’ sibling, and it can serve as a minimum downside objective for now. Even more immediately, the easy penetration yesterday of a lesser Hidden Pivot support at 11213 suggests the downtrend could continue more or less unabated for at least the next 2-3 days.