The Indoos’ last big upthrust missed a 13017 target by 141 points (see inset), but the failure was understandable, given the imposing presence of May 2008’s structural resistance at 13137. The subsequent pullback has homed in on the 12286 midpoint pivot, and we shouldn’t be surprised if the Dow finds a groove oscillating around that number for the next few weeks. A weekly close above it would be reason to look for camouflage entry opportunities on the intraday charts.