DJIA – Dow Industrial Average (Last:12040)

Dow Industrial Average (DJIA) price chart with targetsA Hidden Pivot target not far above, at 12484, is as clear and compelling as the 1356.00 target we’re using for the E-Mini S&P.  And just as the crystal clarity of the target inclines us to treat it with skepticism each step of the way, we’ll plan on shorting it aggressively if it should be reached.  Keep in mind that the Hidden Pivot midpoint — in this case 11684 — is always going to be in play either until the target is reached, or point ‘C’ (10930) is exceeded to the downside. An implication of this is that a 350-point plunge to the pivot would not necessarily be bearish.