A heavily manipulated rally Sunday night appears to have fizzled into a bull trap. After rising the equivalent of more than 100 Dow points, the futures are back to unchanged at the moment, their nefarious aims submerged in the presumptive distribution pattern that has prevailed since early August. Charts above the intraday level do not tell us exactly when this deadly game will end, but it should be noted in any event that tonight’s goosing has left an ostensibly bullish pattern on the hourly chart (see inset). Night owls should attempt to board only if they are adroit in the art of camouflage trading, since my confidence is low that there will be news overnight that DaBoyz can leverage into a follow-through upthrust.
