Although I have significantly higher targets outstanding for the broad averages, including one at 21794 for the Dow Industrials, I’ll be monitoring the stock market’s vital signs on the lesser charts for the subtlest signs of weakness in the days  ahead. Big moves necessarily begin with small, downtrending abc patterns on the sub-hourly charts, and as long as we are watching vigilantly for this, we cannot be fooled by a trend change. Regardless, it appears that stocks will correct further into week’s end, perhaps extending the retracement until Monday or Tuesday, before they are ready to stampede short-covering bears yet again. In the meantime we hold a small put position in DIA that survived Wednesday’s rally top and has since gone in-the-black.