We’ll put aside a major downside target at 19.46 for now, since this vehicle went bullishly impulsive on the lesser charts Friday. The move projects to at least 25.66 over the near term, subject to midpoint resistance at 25.05, and a breach of the latter number by more than four ticks would make the former an odds-on bet. Camouflageurs should try to get long if a b-c pullback occurs from somewhere in the range 25.06-25.10. ______ UPDATE (10:33 a.m. EST): As is almost invariably the case, a gap through the ‘x entry point signaled further upside at least to the ‘D’ target. In the actual event, it has been exceeded so far by 20 cents with a high at 25.86 that appears destined to give way. Until the rally gets above pre-Xmas highs at 26.88, however, it is just noise.
