As Priceline Goes, So Goes the Stock Market?

Priceline shares have broken an important Hidden Pivot support on the weekly chart and now look bound significantly lower. If this proves to be the case, then the broad averages are headed lower as well, since they have become completely dependent on frenetic action in the ‘lunatic stocks’ for buoyancy. For specific details and a precise correction target, check out today’s PCLN tout and the chart that accompanies it.