The Mother of All Bear Rallies continues to make progress — at this point, one cub-like step at a time — toward a 1356.00 target that promises to thwart buyers as few Hidden Pivots have in the last two years. Meanwhile, the first of two minor Hidden Pivot targets given here yesterday would have produced a small profit for scalpers, at least in theory; and now the second, at 1339.25 (stop 1340.25), has the potential to do the same. Keep in mind that we are shorting the little stuff on the off-chance that a major top may come from a minor Hidden Pivot rather from El Capitan at 1356.00.
