Like TLT, T-Bond futures slightly exceeded a clear and compelling Hidden Pivot target on Friday. If neither goes much higher before correcting, it would suggest that the bull market is beginning to slow down in normal fashion. If not, and both vehicles resume their ascent over the next couple of days, that would indicate buyers are still on a rampage, presumably miles from a major top. In fact, the ability of T-Bonds to make short work of ostensibly important Hidden Pivot resistances has been the hallmark of this bull market. Knowing this should help the timing of our efforts to buy on pullbacks, even as it tempers our enthusiasm for picking intermediate-term tops. _______ UPDATE (8:52 p.m.): The futures fell 1^12 points yesterday after topping at 151^28 — a moderate correction. If it continues, look for a futher fall to at least 149^27. _______ UPDATE (Feb 3, 10:07 p.m.): Sellers crushed the 149^27 Hidden Pivot support, implying more downside over the near term to at least 148^09, or perhaps 147^28. ______ UPDATE (Feb 5, 2:21 a.m.): The futures staged a very powerful rally yesterday after falling to a low at 148^18 that lay nine ticks from the 148^09 target given above. The so-far high of the bounce is 150^19.