Although one can never be certain about such things, it’d be hard to imagine Wall Street arising Monday morning with a song in its heart after parsing the toxic details of the Fannie/Freddie bailout over the weekend. Even so, we shouldn’t be surprised to see specialists (aka DaScumballs) take the Mini-Indexes down far enough on Sunday night to exhaust panic selling and set up bears for a nasty short squeeze. My hunch is that the most bearish opening of all would be flat-to-somewhat-higher, since it would suggest that investors are too busy praying to get down to the niggling details of strategy. Compelling targets well below these levels are not evident, so we’ll have to make do with an 1184.50 pivot with a lesser pedigree. What it has going for it is that the CD midpoint of the pattern, 1313.25, was very precisely reached on August 15 at the height of the bear rally begun in mid-July. Keep in mind that the scale of the chart shown is weekly, and that the seemingly small drop to the target would be equivalent to more than 500 Dow points. Finally, and just in case, here’s a bullish target to guide you if stocks open with a bull trap: 1251.00. That’d be a gift to bears, I should think, so consider shorting there with as tight a stop-loss as you can handle. _______ UPDATE: Well, there you have it. It’s Sunday night, around 9:25 p.m. EDT, and DaBoyz are cashing in on the apparent out-of-control enthusiasm of “investors” for the Fannie/Freddie bailout, such as it is. I seriously doubt that the dolts, the logic-impaired and the panic-stricken shorts who have pushed the futures up 33 points so far can muster the 1338.00 print (see inset) it would take to put bulls truly in control of the stock market, so we’ll just wait until the hysteria blows over before we attempt to get involved ourselves. Upside potential into Monday morning appears to be a Hidden Pivot at 1302.25, provided the futures can get by its midpoint sibling at 1284.50.