A sharp rally on Friday pushed DIA to a 216.68 peak that exceeded the target we’d been using by six cents. You could have shorted there with a tight stop-loss, but I won’t establish a tracking position unless I hear from at least two subscribers who used the pivot to open a position. Profit-taking would have been in order on the ensuing pullback to 216.20. Regardless of whether you hold a position, you should keep in mind that a move above Friday’s high would put an alternative target I’d given at 217.21 in play. You can short there aggressively with a stop-loss as tight as a dime if you’ve been long for at least a portion of the ride up.
