The Dow Industrials have been screwing the pooch for nearly four months. That’s when DIA first popped through a midpoint resistance at 335.00 that is associated with a long-term rally target at 364.31. However, this ETF vehicle has since failed to break decisively above p2=349.65, keeping the outcome in limbo and making DIA a very unappetizing trade, other than for covered writes and similar short-premium option positions. You can see for yourself that the graph provides little reason to think the target won’t be reached. Absent a game-changing plunge exceeding mid-June’s 333 low, we’ll keep this tout on the back burner. _______ UPDATE (Aug 5, 10:56 p.m.): Zzzzzzzzzzzzzz.