Wednesday’s headless-chicken price action did nothing to alter my immediate outlook, which calls for a run-up to 1279.80. That is not to say, however, that we shouldn’t tilt our entry strategy more toward ‘camouflage’, since the tiresome ups and downs have been making it tough on ‘mechanical’ traders, even those who are using generous stops. Paradoxically, the least risky ‘mechanical’ trade may be a bid at X, stop 1225.30. That’s based on the speculative notion that the futures are going to reach D come hell or high water. A rally to D is not quite that certain, of course, but based on the clean lines of the pattern, it still looks like a decent bet
