There’s no getting around the 712.00 target shown in the accompanying chart, although that would imply a significantly higher bottom for the Dow than the one given in today’s Touts. We’ll take things as they come in any case, using the 712.00 target for the time being as our minimum downside projection. That implies we should also be ready for a short-squeeze to as high as 1157.25, the Hidden Pivot midpoint of the larger pattern. Please note that these numbers are not usable for precise position-trading, since they are derived from a continuous chart that “blends” expiration-month highs and lows.