A chart stretching back to November provides no compelling technical basis for saying anything interesting, let alone bullish or bearish, about what might happen next. It’s anyone’s guess, although the June contract would have to eat through thick layers of supply to achieve new recovery highs above February’s 4244 peak.  Poor earnings would help, since the mere expectation of them is usually enough to get stocks sold out before the news hits. With or without grim tidings to drive the rally, we can be assured that intraday highs and lows will continue to be predictable enough to give us an edge. Friday’s peak, for instance, missed a ‘D’ Hidden Pivot target that was as obvious as the punchline of a mile-long stretch of Burma Shave signs. _______ UPDATE (Apr 20, 11:12 p.m.): There are some days when we should just avert our eyes and this was one of them.  A sinking VIX belies the nuttiness animating stocks these days. We should start loading up on puts today and Monday, because I strongly doubt that these histrionics are torquing the market for an ebullient move higher. That seems doubly true with The Wall Street Journal’s bullish spin on…everything starting to sound increasingly desperate.  DaBoyz are getting ready to pull the plug.