Now that’s more like it! We’ve been looking for a rally to get short, and yesterday’s knee-jerk spasm promises even richer prices in the days ahead. In the chart that accompanies this tout, you’ll see numerous ABC rally patterns, each with a unique target. The two we should focus on today are 1726.25 and 1733.25, and day traders can short either using the camouflage technique. If you’re looking to do the trade quick and clean with a simple short offer, try a single contract at the higher number, stop 1734.25. I’m suggesting this because the precise impact at the p midpoint has validated the target itself. Although there’s money to be made on the long side as well, it may be available only to night owls, since Thursday’s opening bell could produce a gap-up rally to either of the targets given above. For detailed instructions on initiating a position short in the Diamonds, stay tuned to the chat room and my e-mail bulletins.