Both the Dow Industrials and the S&Ps are closing on rally targets that could show some stopping power. The targets are derived from trendlines rather than Hidden Pivots, but both look sufficiently compelling to warrant shorting, which I have advised with tight stops. Presumably, DaBoyz won’t have much to work with if they’re looking to trigger off a short-squeeze based on some exciting new announcement from the eurozone. With most or all of the good news out, we should prepare for a possible tone change.
