10000 on the djia, page-50

In relation to the SPX. (Sorry I cant post a chart as i'm at work)

If you draw a trendline intersecting the highs on the following days you have convergence up to the trendline taking place within the next day which could offer serious resistance and potentially the true start of a new bull market.

- 11/7/07
- 19/5/08

Currently the trendline is sitting at 1101 on the SPX, if it breaks that then it will certainly hit the 50% fib at 1126 and then potentially the 61.8% fib.

I agree tho that we are now completing the right shoulder of a potentially huge Head and Shoulders formation. But I believe that right shoulder will peak tonight.

I have a semi large short position ready to go on the SPX at around 998, so am willing to put my money where my mouth is.