Bears appear to be struggling for traction, having failed to achieve either of two successive ‘p’ midpoints pivots generated on Friday by some half-hearted downward lunges. Let’s wait and see whether the downtrend develops some momentum as the new week –the New Year, actually — gets under way. For Monday, though, you can still try bottom-fishing at the 163.40 target shown. You can be aggressive with respect to size, but your stop-loss needn’t be any wider that 163.36 on a 163.41/0.42 bid.
