Here we go again. The futures are up 7.00 points early Wednesday morning, bullyragging and wheedling shorts yet again. There are no timely opportunities that I can discern at the moment — unless, that is, you’re inclined to look for camouflaged morsels on the three-minute chart. To keep this rally in perspective, let me mention that the pointless histrionics of the last two weeks have yet to take out a Hidden Pivot rally target at 1336.50 that has served us well. While the high that was recorded within a few ticks of that number may not turn out to have been the Mother of All Bear Rally Tops, it is at least still a contender, in theory, after a relatively lengthy period of flouncing around.
