I think your correct on the Dow 12000... just looking at the chart you can see where the market capitulated 6 times trying to make a run for 10,000 and just couldn't do it. I think we move up in tranches till either something severe occurs or we hit a ceiling on earnings. Either way Dow 12000+ soon...
Dow 15,000 - 18,000 in the next couple of years.... I'll explain at some point why that will happen based on theory from Andrew Gause.