The Dow Industrials edged past a rally target on Wednesday that we had expected to offer more resistance.  It is a longstanding tradition for Ricks Picks subscribers to get short at Hidden Pivot resistance points as compelling as this one. However, in the end, over the duration of a bull market that has been chugging along for eight-and-a-half years ago, we’ve had to content ourselves with small losses, or sometimes small gains when the price reversals we’d expected actually occurred. The markets are tradable these days only by the very nimblest of scalpers, but for others who are simply on board, it is an act of faith.  The ‘melt-up’ scenario — Dow 50,000, anyone? — has been getting a lot of play in the blogosphere lately. For the record, we’re not buying it.