Night owls should train their attention on the Hidden Pivot midpoint at 1604.00 shown in the chart, since it might be the best opportunity you’ll have to try bottom-fishing. Risk no more than $60 per contract initially, implying you’ll need to get long via camouflage. You can bid 1604.10 straightaway, stop 1603.80, but that is a riskier way to go. Please note that the futures will be signaling a further fall to at least 1586.00, the ‘D’ target of the pattern, if the midpoint support is brushed aside. ______ UPDATE (1:48 a.m. EST): Cancel the order. Word is that Morgan, Goldman and a cabal of bullion bankers front-ran us on this one. The so-far low of the night is 1604.40, three ticks shy of our bid, and the bounce from it, to 1610.80, would have been worth a cool $640 per contract to us on paper.
