Cyprus depositors and bondholders have taken a mortal hit, and the episode seems likely in my estimation to have far-reaching consequences that will rival those set in motion by the assassination of Archduke Ferdinand in 1914. For now, though, the OPM-mongers who move markets are treating it as a non-event, as are the lazy, clueless hacks who write the news. Notice that the corrective abc in the chart reversed from just below p to create a bullish impulse leg.  This ‘duel’ suggests that bulls are merely marking time, waiting for Cyprus to blow over, before they take stocks still higher. For camo traders, this suggests that buying opportunities will best be found near p and d pivots of downtrending abc patterns.  Click here to find out more about Rick’s proprietary method of trading and technical analysis. Rick majored in English lit, implying that just about anyone can learn how to use Hidden Pivot Analysis and ‘camouflage’ trading tactics.