Fiscal-Cliff Masturbation

Fiscal-cliff masturbation is the stock market’s current mode, and if you’ve somehow found this interesting or are hoping for something more from Wall Street’s Masters of the Universe, you need to get a hobby. A DJIA tout (and chart) included in today’s lineup explains why bears hoping Santa will get sacked this year are courting disappointment.  Technically speaking, between now and December 26 DaBoyz could inflict nearly 300 points of pain on shorts in any given two-day period.  My Hidden Pivot target is 13524, and it will remain valid as long as the Indoos, currently trading for around 13252, do not exceed 13118 to the downside.