Four days of ‘dueling’ bulls and bears have dulled my enthusiasm at the moment, even if bulls look like they will emerge victorious. Camo traders should seeking to get long should adhere strictly to the rules, however, initiating trades only when conditions are ideal. In the context of the chart shown, that would mean buying only after a short A-B leg gives way to a B-C from just a tick or two above the 3.527 ‘external’ peak that I’ve labeled. _______ UPDATE (March 5, 1:07 a.m.): I’ve refreshed the chart to show a clear rally target at 3.662 — a logical minimum upside objective for the short-term. This is an inch from January 21’s key high, and my hunch is that it won’t endure. ______ UPDATE (March 11, 2:42 a.m. EST): Friday’s high came within less than two cents of our target (see inset). I see this as a potential camouflage trading opportunity, since our competition will be nervously obsessed with January’s 3.670 peak. Regardless of whether the futures feint above it, you need only see the price action in ABC terms to make use of it. _______ UPDATE (March 14, 12:40 p.m.): Having bettered a clear target, the futures are a good bet to continue to the next, at least. It lies at 3.769 and is shown in the chart.
