Price action has been so ratty lately that there’s no percentage in guessing where this headless little rodent is going next.  However, since the presumption of higher prices has reached the point of near-certitude, we should probably focus for a change on downside opportunities. For starters I’ll suggest jumping on any downtrend initiated on the 3-minute chart with an impulse leg shorter than four points and a single-bar C. The accompanying chart shows what I’m talking about. _______ UPDATE (12:30 p.m. EST): Good thing we went into today’s decline thinking SMALL.  The Dow is off a whopping 18 points right now after being down as much as 60 points earlier in the session.  Makes one wonder, is that all there is?