To avoid rally-target hubris, we’re rigged for silent running as we monitor progress toward a potentially important Hidden Pivot objective in the E-Mini S&Ps. It’s hard not to notice an already deafening, bullish drumbeat these days — one that grew still louder yesterday with a Wall Street Journal story touting the possibility that this seemingly unstoppable bull market is the real deal.  The capitulation of bears is nearly complete with their seeming embrace of the argument that, as long as the central banks are gushing easy credit, the stock market can only go up.  We would beg to differ, although the obviousness of this fallacy will of course not be apparent until after the market has collapsed. Click here for a free peek behind the subscriber wall.