The futures have been dancing with our pivots as Astaire with Rogers, so we must infer that the breach Tuesday night of the 984.00 target billboarded in the chat room yesterday will have bearish implications going forward. The new target is 926.00, and because the ES bounce precisely from that target’s sibling midpoint, 1002.00, we should expect an equally precise bounce from 926.00. This implies a commensurate decline in the Dow of about 800 points, which would put the blue chip index somewhere between the two targets identified in today’s tout. In practice, though, we’ll analyze each in a vacuum, since it’s possible they won’t sync up perfectly. Alternatively, no short squeeze that fails to top 1095.00 today should be taken seriously.