I’m tracking two short contracts with a profit adjusted cost basis of 1954.00 and a stop-loss at 1951.25 that will require monitoring overnight. We will continue to short every promising Hidden Pivot rally target that comes our way, since, as you will have surmised by now, it is no great trick to hit swing highs very precisely using the technical tools at our disposal. That is not to say that it is easy to stay short, since head-fakes and short squeezes are all but ordained to continue until there’s but a last bear or two standing.

As I’ve noted in the chat room, there’s yet another promising, high-value rally target in the offing with the potential to reward the diligent permabear. I am going to refrain from publicizing it, however, since I don’t want to jinx it. You can find out the ‘whisper’ number by going in the chat room and asking around (or click here for a free trial subscription – no credit card necessary).  Someone will email it to you.  And for those who would rather trade stocks and options than futures, there’s an easily accessible target for DIA posted in the chat room that you can use as either a lodestone for a long position, or a place to get short — or both.