Hi Red - I do my own charts too for the main indexes and a few...

Hi Red - I do my own charts too for the main indexes and a few stocks as it give me a better feel for what's going on. I agree about "areas" being considered rather than "precise points" but do get a buzz when considering precise points and finding matches, which is why I was using precise points earlier.

By the way, the trendline from Aug 07 low through Jan 08 low was at 953 on 11 June just passed (the high day and that's rounded up to nearest decimal point). Thanks atlunch that might be it.

I did post on DJIA thread a week or so ago that 3/8ths of the range from the March 09 low to the May 08 high (667 - 1440) was 956 which was spot on for the 11 June high. That for me is more precise as to what is going on there. That would be a normal place for a counter trend with price and time and a counter trend is what's happening so far.

Cheers Chris