A potentially important rally target at 13143 is equivalent to the one at 13182 given here previously for the cash Dow. This is a Hidden Pivot we should look forward to shorting, since the pattern that produced it has the kind of sinuousness and symmetry that produce targets we can count on. The midpoint pivot associated with it lies at 12691, so a pullback to that number should be scrutinized closely for camouflage potential by those who want to try bottom-fishing. _______ UPDATE (July 27, 5:45 p.m. EDT): We’ll put this one aside, since the rally target has faded from the horizon with the steep fall begun last Friday.
