Although there are somewhat higher targets yet to be achieved, yesterday’s top came within 1.00 point of the target shown and therefore offers a possible opportunity for shorting. We haven’t done much of this since the Mother of All Bear Rallies began in March 2009, but it’s probably time to practice getting short in case 2012 fails to live up to the ebullient expectations Wall Street’s shills. When you’ve had a look at the chart, check out the one-minute bars if you’re a night owl looking for action. As of around 9:45 p.m., good opportunities were non-existent, but your patience could yet yield a winner.
