In the chat room Friday afternoon I referred to a 1944.00 Hidden Pivot target as a ‘done deal’; nothing that has happened since has changed my mind. Index futures have gapped down hard Sunday night, trading as low as 1950.50. That’s 20 points beneath Friday’s close and equivalent to about 180 Dow points. The opening reflected a dumping of market orders, but my hunch is that more selling will come in Sunday night and that it will be steady enough to force the futures still lower — presumably to at least 1944.00. I’m not expecting Black Monday, as I noted in the Thought for Today, but we shouldn’t be surprised if durable-looking Hidden Pivot supports like the one at 1944.00 give way without much of a fight. That number is a ‘spec’ buy nonetheless, but you’ll be on your own with regard to risk management. A short from p2=1965.00 would also be enticing, but I’ll recommend it only to subscribers who fully understand the rules of the ‘mechanical’ trade. ______ UPDATE (11:51 p.m. EDT): The futures have fallen the equivalent of 500 Dow points so far Sunday night, and the selling is starting to feed on itself. Ordinarily, the scavengers who control the night session would be looking to exhaust sellers so that they can short-squeeze stocks ahead of Monday’s opening. Tonight, however, they have evidently gotten sandbagged themselves, sucking up so much inventory trying to find a bottom that they lack the ability to slow the decline.  I’ve run out of compelling targets, but we may not need one if the tempo of  the selling picks up overnight. Were that to occur, the futures will soon start to feel the gravitational pull of last October’s low — better sit down for this — 1815 !  If Monday’s selloff were to match Black Monday 1987, the Dow would be at 12737 by day’s end. _______ UPDATE (8:36 a.m.): ‘Wild’ swings are producing precisely predictable highs and low, as expected. Check out my chat room posts between 7:48 a.m. and 8:14 if you want to see how precisely predictable.  You should stay close to the chat room if you want to keep abreast of my intraday forecasts and comments. I will update there before I do here, and there will be many more updates and targets published  in the room than in the touts section, since the former is a running conversation.  If you want to access the chat room, along with my touts and real-time alerts and targets, but don’t subscribe, click here for a free trial subscription that will give you instant access.