It can seem like everything is wrong with the world on days when the Dow wafts higher and higher while gold is getting whacked. And so it occurred yesterday, with the Dow gaining nearly 100 points as December Gold fell by $20.  Elsewhere in today’s touts  I speculate on the possible meaning of gold’s weakness, but as for the Indoos, they’ll need an unpaused thrust of about 120 points within the next day or two to turn the daily chart impulsively bullish. I’d rate this no worse than a 50-50 shot at the moment, since the last downtrending ABC pattern went little further than the p midpoint support.  At that point, the big ABC pattern going back to late June’s low would be in play, and with it a break-out-the-bubbly target at 15867, along with a midpoint resistance at 15312.  Big stuff.  Should we infer that the USA, egged on by Obama and his new best buddy John McCain, is finally about to win a war?  Naaahhhh!