600-Point Dow Rally Just Ahead

Based on actual fills reported by subscribers, I am tracking eight Dec 9 192.50 calls with a cost basis of 0.34. Originally I�d suggested spreading them off against some short 194.50 calls, but I�ll now recommend simply offering half of them to close for 0.68, twice what we paid. If successful, we�ll hold half of the original position effectively for free. On the daily chart, DIA projects most immediately to 191.02, a �secondary� Hidden Pivot, and I doubt it will have trouble getting there. Judging from the way buyers blew past the 186.90 midpoint Hidden Pivot, then consolidated above it, the 195.15 target looks like a very good bet to be reached. If so, it implies an impending rally of nearly 600 points in the Dow Industrials. If you don�t subscribe, you can access the chat room and all of Rick's trading 'touts' instantly by clicking here for a no-risk, two-week trial subscription.

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