The prospect of finding a ‘camouflage’ entry for the next leg up remains intact, since the bullish pattern that I flagged on the daily chart yesterday is continuing to correct in b-c fashion. While we should always be open-minded enough to allow for the somewhat unexpected 3000-point collapse in the Dow, my gut feeling is that the broad averages are headed higher over the next few weeks, especially since October is “always” the month when stocks get nuked, if they do.  One further contrarian possibility we should be willing to entertain is that the rally is not yet ready to correct, and that the AB impulse leg launched from 1068 two weeks ago will surpass yet one more “external” peak before DaBoyz allow bears to carry the dead and wounded from the battlefield. The external peak I am referring to is the 1223.75 high recorded on August 31 (see inset), and if it is exceeded from here with no intervening b-c correction on the daily chart, we might well infer that the Christmas Rally has already begun.  Want to learn how to nail swing highs and lows precisely, and to manage trade risk with a simple approach? Click here for information about the upcoming Hidden Pivot Webinar on November 16-17 and a $50 discount.