YMU11 – September Mini-Dow (Last:12690)

September Mini-Dow (YMU11) price chart with targetsThe Dow continues to outpace the S&Ps, most recently by exceeding an important peak from May 10 that was bears’ next-to-last hope for containment. This is quite an impulse leg we are witnessing: an 880-point run-up that so far has smashed no fewer than one internal and three external peaks with barely a pause. If it were Gold or Silver doing the smashing, I’d probably infer there’s enough latent power here to push the blue chip average 20% higher.  Since it is only the Dow, however, I’ll call it the most deadly bull trap — and bear squeeze — in a hundred years.  Yeah, you’re right, I should skip the blather and stick with my charts.  I will, I absolutely promise, but please don’t begrudge me my sometimes fantasy that the scumballs who have been enabling this epic hoax since March of 2009 will eventually get their comeuppance.  (You could be forecasting like a pro yourself, and soon. Click here for further details — and a $50 coupon.)