Boeing accounted for most of the Dow’s gains in July, arousing my curiosity about how high this blowoff could go before bulls get their comeuppance. The weekly chart suggests 257.36 as a logical topping place (see inset) for this incredible bull run, which began in February 2016 from $102. This Hidden Pivot target is unlikely to produce the kind of penny-precise bullseye we’ve become used to working with, but it should serve adequately as a minimum upside target for the near term. If the stock gets there, the move would amount to an 8% gain from these levels. I won’t explicitly suggest shorting at the target, but we should keep it firmly in mind if BA’s ascent continues, since a reversal from there could cap the DJIA’s bull market as well.________ UPDATE (Aug 6, 6:30 p.m.): Boeing’s vertical trajectory suggests we might have success using a ‘mechanical’ bid to get long on a pullback to the red line, a midpoint Hidden Pivot at 215.56. If it happens next week, it will be a no-go, but thereafter, the entry should be attempted and tied to a 201.62 stop-loss. We’ll figure out a way to cut the initial risk when the time comes, but the 257.36 target will remain viable in theory regardless of what kind of correction is about to unfold._______UPDATE Aug 9, 7:14 p.m.): The stock has sold off  hard since peaking on July 31 at 246.49, well shy of my target.  The correction looks bound for at least 230.98 (30-min, a=246.49 on 7/31), a Hidden Pivot support that you can bottom-fish as you please with a tight stop-loss. If the support fails badly, it would imply a move severe correction lies ahead._______ UPDATE (Aug 14, 11:20 a.m.): Surprise surprise. Boeing has taken a giant bounce to a so-far high of 238.88 after bottoming four cents from the 230.98 target flagged above. If you got aboard at the low please let me know in the chat room so that I can determine whether to establish a tracking position.________ UPDATE (Aug 20, 6:05 p.m.): Boeing’s ability to maintain altitude with the broad averages falling is impressive. That it has done so with little apparent effort attests to the fact that those who make their living throwing Other People’s Money at a half-dozen stocks have resolved to hang together on Boeing. In this task they are supported by hubris from analysts and ceaseless cheerleading from the Wall Street Journal, which would have us believe that only blue skies lie ahead for this company over the next hundred years. ______ UPDATE (Aug 28, 7:13 p.m.): The stock’s tedious glide path, oblivious to the recession taking shape in the U.S. and to events in the real world, will enter its second month this week. Hip-hip hooray?