Use the 172.13 Hidden Pivot shown as a minimum upside objective for the next couple of days. Most immediately, and obviously, the target will be useful for staking out a long position. However, because the pattern itself is a good-looking one (albeit gnarly), and because the precise pullback to the midpoint pivot has confirmed the target, 172.13 will also work for shorting with a very tight stop-loss. You can do so using stock or options, but please query me in the chat room if there’s a problem. ______ UPDATE (8:38 p.m. EDT): Shorting the 178.47 target shown looks like a juicier (and less risky) bet than the one I’d proposed, but we should still take the odds getting short at 172.13. Accordingly, I’ll recommend buying two Nov 7 171 puts if and when DIA gets with 0.04 of the target. A price of around 0.50 would be doing pretty good in the first hour, but time premium will be melting away as the day wears on, so don’t pay up. You should stop yourself out if the puts trade for 0.20 less than you paid for them. _______ UPDATE (8:15 a.m.): The stunning short-squeeze gap overnight has negated a short from 172.13, since, when options begin to trade, DIA will be more than a full point above that number. The higher pivot at 178.47 now obtains, but it could be difficult to catch a ride, since “everyone” will by now be hugely bullish — most particularly short-covering bears.
