Without really knowing why, the futures went all funny as The ‘Nank’s testimony dribbled out onto the Web yesterday. As soon as the Street’s trading algorithms recover their composure today, look for the rally to continue to at least 1330.00; or if any higher, to 1335.25. Both targets were given here earlier. They are subordinate to a more important one at 1356.00 that (according to my friend Doug) apparently “everyone” has been expecting. We’ll want to get short up there, of course, but we’ll do it with camouflage, not by standing in front of The Little Engine That Could.
