Zeev I'm not sure if you've seen Steven Williams chart but it differs considerably from your ultimate Dow low, do you have any thoughts on this chart...? thanks <A HREF="http://www.geocities.com/WallStreet/Exchange/9807/Charts/SP500/dj3c_0301.gif" target="_new">http://www.geocities.com/WallStreet/Exchange/9807/Charts/SP500/dj3c_0301.gif</A>