PCLN – Priceline (Last:1223.70)

Priceline, a bellwether for the Nasdaq ‘lunatic’ stocks that butter portfolio managers’ baguettes, was down nearly $60 at one point yesterday. Like the Nasdaq Index itself, however, the stock reversed from a low that was just a hair shy of a compelling Hidden Pivot support on the intraday charts at 1210.00 (see inset).  The target remains viable and can be bottom-fished if PCLN relapses Monday night or Tuesday morning, but my hunch is that you’ll do better trying to get long via camouflage on the three-minute chart than looking to get short ahead of a possible washout. _______ UPDATE (March 25, 12:48 a.m. EDT): Yesterday’s wild spasms left the stock little changed. My bias remains bullish, and the 5-minute chart looks like the best place to ferret out a ‘camouflage’ entry signal.