The 1199.50 Hidden Pivot proferred here yesterday came within half a point of nailing the intraday high and the start of a so-far 32-point selloff, but our head-fake target was too close to the very round 1200.00 to offer an ideal trading opportunity.  None of this changes my expectation of a fall to at least 1152.25, but there’s another, more muted target at 1149.75 that you should consider if you are short, planning to get short, or thinking about bottom-fishing.  Its provenance is shown in the chart accompanying this tout and will probably work best if the implied plunge occurs straightaway.  ________ UPDATE (Friday, 12:11 a.m. EST)):  A post-holiday collusion between institutional pond scum and short-covering halfwits has the Dow up by about 20 points at the moment, notwithstanding the grave implications of Europe’s imminent fall. Even though the slightly lower of my two targets was breached by just 2.25 points, that is sufficient to imply that the futures will be bound shortly for the 1015.50 ‘D’ target of a larger pattern (whose midpoint was 1152.25). Click here if you’d like to learn more about the Hidden Pivot Method, including how to identify and trade targets such as the ones given above, and to forecast trends with bold confidence.