A lack of bullish buyers hasn’t stopped this vehicle from forging relentlessly higher — short-covering has done nearly all of the heavy lifting since 2009 — but DaBoyz seem to be having trouble making even minor headway lately. Even that old standby, wild swings caused by the latest, meaningless drivel from the Fed, never quite forced the broad averages into positive territory yesterday. Still, the usual headless-chicken nuttiness triggered by the non-news may have saved the Dow from falling 250 points to a still-viable Hidden target. Look for it draw the futures lower today and Monday. Bears were too skittish to try to double the 160-point loss the Indoos were showing around mid session, but they may do better with Fed ‘news’ out of the way.
