The way the Indoos blew past the 23,934 midpoint pivot (click on chart) this afternoon left little doubt about their ability to reach the 24625 target shown (which I disseminated intraday in the chat room), and soon. This Hidden Pivot resistance is sufficiently clear that we should expect it to show some stopping power. You can short there using near- or out-of-the-money DIA puts; however, as always you should keep the stop-loss as tight as 5-7 cents (in DIA), since this bull has a habit of trashing even the most daunting-looking obstacles. If the rally exceeds the target intraday by more than 25 points, or closes above it for two consecutive days, we’ll shift our gaze upward to 25,113, the next big number in a sequence of important Hidden Pivot targets.  The sustained steepness of the move already qualifies it as a blow-off. However, even considering the ‘awesomeness factor,’ there are limits to how high Wall Street wack-os will be able to push things over the next several days.  Regardless, the targets proffered above can help us keep things in a sane — and potentially tradable — perspective. _______ UPDATE (Dec 3, 6:30 p.m.): Elsewhere on the page, I’ve drum-rolled AMZN and E-Mini S&Ps as timely bellwethers to help us gauge whether an important top is imminent. Odds of this would increase if the DJIA hits, then reverses from, the 24625 target noted above over the next several days.  ________ UPDATE (Dec 4, 5:51 p.m.): Close but no cigar. The Dow head-faked on the opening bar to a bull-trap high of 24,534. This will likely delay a move to the target, which lies 91 points above the high, but the target itself will remain viable even if the Indoos correct further over the next day or two as seems likely.