My apologies for yesterday’s lapse, since I had Wednesday’s intraday high, 1077.75, nailed within two ticks during the weekly tutorial session. In the future, I would encourage those who attend these hour-long sessions to spread the word in the chat room if any tradable opportunities emerge.  A goal of the classes, besides teaching, is to  send participants out the door with a tradable idea for that day. That was especially true yesterday, since we’d been itching to get short by hook or by crook. To borrow from Rahm Emanuel, no opportunity to short this 15-month-old bear rally should go to waste.  So where does that leave us, now that the downtrend has progressed 25 points from Wednesday’s high? Essentially, competing with a zillion other traders who are itching to get short.  Yesterday’s whipsaw was as much as  telling us it won’t be easy, so we’ll work harder at it today, staying close to the lesser charts intraday rather than hanging on a one-size-fits-all number disseminated the night before.