It’s impossible to predict the headless-chicken antics we might see on the opening bell. However, my strong inclination would be to short any rally that reaches a clear p or D Hidden Pivot. Just such a target is shown in the accompanying chart, and although its pedigree leaves something to be desired — there are no external peaks to be seen — I regard the 164.30 target shown good enough for government work. This mean you could try shorting there with a stop-loss of perhaps 4-6 ticks. Once above the 164.53 peak, DIA would be bullishly impulsive. While that might ordinarily incline toward getting long, in this case I would be more tempted to try shorting at the p midpoint of whatever bullish pattern develops. ______ UPDATE: The uptrend shown turns out to have failed at the exact midpoint of the pattern shown. Unfortunately, this means the short had to have been initiated at the closing bell on Friday — too risky for my taste.
