Newly, what about the SPX? Isn't that a rise from the 1168 lows to the 1176 mid Dec highs? <A HREF="http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[e,a]daclyyay[pc9!c13!c20!d20,2!c50!c200!b200!b50!f][vc60][iLa12,26,9!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1!Lh89,34!Lh45,17!Li180,68!Lp3,2,2!Lb5!La12,26,9]&pref=G" target="_blank">http://stockcharts.com/def/servlet/SC.web?c=$spx,uu[e,a]daclyyay[pc9!c13!c20!d20,2!c50!c200!b200!b50...</A> If that's a left shoulder, wouldn't the OEX also have one? They are brother indices. Furthermore, if the S&P has a H&S top, the other indices (COMP, NDX, OEX, WLSH) will also follow that trend. That's Happy Family Theory of Markets.