Will gas at the pump leap above $4 with crude oil futures falling hard? It’s certainly not out of the question, since crude is the second-largest criminally rigged market in the world, a few lengths behind Treasurys. We can gambol in this market nonetheless, since the carny midway price action is itself a captive of Hidden Pivot forces that are easy for us to recognize and to leverage. Accordingly, I’ll suggest bottom-fishing at the 87.87 target shown. A straight bid in this particular vehicle requires a stop-loss of at least 21 cents, but if you use a camo entry signal on the one-minute chart, you should be able to cut that down to as little as 3-4 cents. ______ UPDATE (March 5, 8:30 p.m. EST): Those of you who shorted the little sonofabitch on the assumption that my 87.87 target guaranteed safe passage are learning the hard way that a compelling target does not necessarily ensure an easy profit. The hourly chart is in fact bullish at the moment and points to at least 91.52, assuming the 91.04 midpoint resistance is conquered (60m, A=90.02 at 1:00 p.m. on March 5). If you want to try shorting there, I’d suggest doing it via ‘camouflage’ on the one-minute chart.______ UPDATE (March 11, 2:33 a.m. EST): We’ll put this gambit aside, since crude’s tortured ascent in recent days has brought annoyance, not opportunity.
