The futures spent the whole day working their way down to the 1206.00 target posted yesterday morning in the chat room, ultimately exceeding it by three ticks. It’s hard to imagine that Paulson & Friends have another card to play that could trigger off yet one more short squeeze, but we should never count the buggers out. I won’t hazard a specific strategy, but night owls should look for conservative opportunities on the 15-minute chart such as the still-gestating pattern shown in the inset.