Friday’s take-no-prisoners short squeeze appeared to be tracking the pattern shown, implying more upside on Monday to a D target at 18317. The entire move was over minutes after it began, and so the only way a trader could have profited was to have been long the day before. That would have been a gutsy bet — not only on what Friday’s payroll number would be, but on how other traders would react to it. The rest of us had to extract what little satisfaction remained from the tedious, shallow oscillations that occurred over the next five-and-a-half hours.
