Yesterday’s ‘buy’ recommendation at 738.25 missed catching the low of a so-far $2750 bounce by just two ticks ($62.50), giving us even more incentive to keep trying. This vehicle may prove a little too cagey for entry tactics such as I’m able to disseminate the night before, and I would therefore encourage you to trade my numbers imaginatively and aggressively, putting your own savvy to work. For now, I’ll suggest using the ‘d’ targets of retracement patterns such as the one shown to bottom-fish. Note that this is a one-minute chart I’m using, since we may need that level of subtlety to avoid swimming with the sharks who feed on this vehicle. ______ UPDATE (8:08 p.m. EDT): An alert Pivoteer in the chat room noticed that the intraday low occurred precisely at the midpoint support of an obvious pattern on the intraday charts. Perhaps this vehicle isn’t as treacherous as I had originally thought when we began monitoring it closely for the first time a couple of weeks ago.
