We’ve been using a Hidden Pivot at 82.12 as a rally target, but I’m going to lower that to 81.69 while noting a lesser resistance as well at 80.09. An easy move today through the first would shorten the odds of a finishing stroke to the second. Could the cause of this summer’s powerful rally be a short-squeeze? I explored this possibility in a monograph written in 2004. Someone in the chat room exhumed the article from Gold-Eagle.com’s archive, and I plan to republish it in the commentary slot later this week.