Dow Races Toward an ‘Interesting’ Number

When the week ended, the Dow was racing toward a 27251 target I posted here two weeks ago. The blue chip average was trading for around 25,300 at the time, and I would not have expected it to be closing on my number so soon. However, we’re getting more accustomed to this kind of price action with each Hidden Pivot target achieved. This one lies nearly 5% above Friday’s close, meaning that even after the steep run-up of the last few weeks, there could still be an excellent opportunity for traders to make money on the long side before buyers get winded.  If you’re one of them, I’d suggest staying close to the chat room to stay apprised when it matters.