The sharp rally off Friday’s lows will qualify as just another garden-variety fake unless the Cubes can get past 31.09 today or tomorrow. However, if they continue on their inexorable dirge lower, a Hidden Pivot at 26.75 could provide us with an appealing opportunity to attempt bottom-fishing. For the time being, that number can serve a a minimum downside objective. Here’s another that I think will be hit in time — perhaps sooner than some might imagine: 21.70. Keep it in the back of your mind, since it may prove useful. _______ UPDATE: The failure of today’s superficially impressive rally to surpass 31.09 (the actual high was 30.20) kept us from being fooled by it. On the hourly chart, the short-squeeze never surpassed even a single prior peak before the buying collapsed, as we’d expected it would.