Applying Hidden Pivot analysis dispassionately to the Dow Industrials’ monthly chart reveals that this summer’s carnage could conceivably be just a correction rather than the resumption of the Mother of All Bear Markets.  As the chart shows all too clearly, the current selloff has merely created “dueling” impulse legs on the long-term chart, with bulls still holding a slight edge when the power of the offsetting bull and bear impulse legs is compared.