A well-publicized Hidden Pivot at 1336.50 is equivalent to the one that I’ve drum-rolled in the Mini-Dow, but it is not nearly as enticing a place to try getting short because it sits just below mid-February’s 1337.75 peak. Exploiting the opportunity will most surely require a camouflage trading strategy if we are to pare entry risk down to the usual penny-ante threshold. Even so, I am still recommending a short at a lesser pivot, 1335.25, stop 1336.25. More immediately, there are no compelling bottom-fishing plays to suggest to night owls, since the futures spent all of yesterday having carnal relations with the pooch. The result was a useless, still-meandering c-d leg that was stretching boredom mightily as we went to press.
