The very tightly stopped bottom-fishing that we attempted over the last week or so kept our losses down to relative pocket change while also providing a palpable sense of how ugly things could get before this glue horse finally hits bottom.  If the 13.15 target shown is achieved, that would represent a further fall of 24% from these levels and a 70% collapse from the bull market top at $45 recorded in the final days of 2010. Making the bearish picture even more compelling is the very precise price action at the 19.41 Hidden Pivot midpoint associated with 13.15.  The good news is that 13.15 will be a back-up-the-truck number for buyers who may have wondered what it actually feels like when blood is running in the streets. Click here for details concerning the upcoming Hidden Pivot Webinar.