With about 90 minutes left on the clock Tuesday, I thought the Dow Average was a goner.  It looked primed for a thousand-point header to a Hidden Pivot target at 23,192.  Lo, bulls got second wind, extending an earlier, opening-hour binge to a threshold where it looked like bears were in worse trouble than bulls.  Notice in the chart that the thrust that occurred in the last 90 minutes exceeded three prior peaks, including two ‘external’ ones. This created a powerful impulse leg whose strength is somewhat masked by the relatively short length of the A-B segment. It also implies that a pullback of as much as 700-800 points from current levels would be merely corrective — i.e., a buying opportunity. So far, short-covering bears have seen no such opportunity, only a shallow retracement that has left them painfully exposed and anxious. As veteran market-watchers know, the hallmark of a mature bull market is its ability to recoup steep plunges very quickly with equally steep rallies — rallies that don’t give bearish doubts enough time to take root. Bulls will have pulled off this trick if they can extend for just one more day the uptrend that was in progress at the final bell. _______ UPDATE (Feb 7, 7:33 p.m.): The Industrial Average finished the day looking somewhat more bullish than the E-Mini S&Ps, but not much. If it cracks the green line, that would increase the likelihood of a further drop to the midpoint Hidden Pivot support at 24423. _______ UPDATE (Feb 8, 5:52 p.m.):  My new target is 22,766, based on this pattern.  It is likely to be reached because of the decisive penetration on Thursday of a key midpoint Hidden Pivot support at 24029. _______ UPDATE (Feb 11, 5:04 p.m.): The Indoos have bounced almost precisely from the ‘secondary pivot’ at 23,397. However, the 22,766 target flagged above will remain valid until such time as C=25293 has been exceeded to the upside. _______ UPDATE (Feb 15, 9:28 p.m.); Just inches remain before the Indoos hit the 25293 threshold that would invalidate the bearish target at 22,766 flagged above. Given the performance of the E-Mini S&Ps and the FAANG stocks, this seems like a foregone conclusion.