The 1356.00 target we’ve been using for this vehicle is close enough to the 136.25 target (136.05 if you use the one-off point ‘A’) flagged in SPY to command our urgent attention. While the odds of picking the exact top of the Mother of All Bear Rallies are never going to be great, the way these targets are lining up makes this one of the more interesting possibilities we’ve seen since the rally began in March 2009. Since a 1356.00 target has been mentioned by some other technicians, according to our friend Doug B, we should start looking to get short via camouflage anywhere above 1345.00 or so.
