The chart shown (click on inset) has been my reality check for more than a year, since it makes a strong technical case that the Dow Industrials will get to at least 23317 no matter what I think.  The good news is that a move to that number would amount to a rally of just 5.7% — a run-up that could easily be achieved in time for an October crash, a prospect that never fails to stimulate and delight the permabear’s imagination at this time of year.  The most bullish thing about the chart is the way the herd trampled the red line, a midpoint Hidden Pivot resistance at 19343, the first time they encountered it. This implied they meant business, and nothing that has happened since would suggest otherwise.