Could this be the first crack in the dam? Homebuilder D.R. Horton’s shares have gotten schmeissed in the last two days (along with Lennar and Pulte Group), as the accompanying chart attests. Recall that the implosion of homebuilder stocks that began in the summer of 2005 led the stock market’s collapse by more than two years.  We ought to pay close attention in any case, since shorting the shares of Beazer, Horton, Lennar and other homebuilders back in 2005 was the best and easiest way to have profited from the Great Financial Crash. If this selloff is similar to the earlier one, it will give way to a secondary top achieved via a steep rally. For now, however, look for a short-term bottom at exactly 25.11. If this Hidden Pivot is easily exceeded, or if the stock closes below it for two consecutive days, it will be time to unfurl the yellow flag. _______ UPDATE (May 6, 11:26 p.m.): An opening-bar dive exceeded the 25.11 pivot by a whopping 17 cents. Even though the day ended on an upswing — a bullishly impulsive one on the lesser charts — the damage has been done. My immediate outlook is for more slippage to at least 24.41, a Hidden Pivot support (A= 28.97 on the 60-min chart on 4/21) that can be bottom-fished with a stop-loss as tight as 7 cents. Our goal would be to rack up some gains on a bullish trade that could cushion a stop-loss the next time we try to short this cinder block. _____ UPDATE (May 7, 11:24 p.m.): The stock rallied out of range yesterday.  Let’s wish buyers the best, since we’re looking to short this dead duck at the highest price possible.