Midas POTUS update

Hi Traders,

Well we've entered the homestretch for the US presidential election and its time to take a look at what the MIDAS is saying.   The historical data is provided by inTrade.com where you can bet on these sorts of things.   

In case you haven't been following this US "drama", the stage is set for Obama/Biden v.  McCain/Palin.  I've attached a Midas Chart which clearly shows what most of us are feeling.... the momentum is clearly in McCain's favor.   He bounced off his primary support (blue line) a while back and has taken off (almost parabolic) since his savy addition of Gov. Palin to his ticket at the end of last month.  He's due for a pull back though.

Obama on the otherhand, whom many thought was a shoe-in, has broken his primary support (green line) and is now in  a confirmed strong downtrend.   Obviously there is still penty of time for "fortunes" to reverse (October surprises etc.) but for now... odds favor McCain.

ps... these are my stricktly my non-partisan analytical observations... do not misconstrue this analysis as an endorsement of one candidate or the other.