Nice work,Roughly, the Dow has just done about the same growth...

Nice work,

Roughly, the Dow has just done about the same growth spurt as it did after the Dot Com Tech Bust. Evidence from Nov 03 to Nov 06 is the Dow spent two years channelling sideways between 7800 and 10700 after climbing out of that period, and that is where we are at now. The 03-04 period it just see-sawed, only in 05 did it start to ramp again.

Using those horizontal lines on your chart does not take into consideration the natural 5.9 % growth increment so to extend that previous period of 03 - 05 consolidation forward to now at 5.9 % inclination means it should be channelling between 12000 and 12800 within the next year or so. Until then it looks like a sideways channelling with slight inclination towards the end of the year.

note the money flow at the bottom, kind of indicates we have a bit to go yet.

Also interesting matches on support and resistance with future trend line.

ifandwhen