The first chart posted below shows the very long-term picture of the DJIA with a potential important time symmetry at 6/10/14. The 9972 trading-day time period matches the 1932 to 1968 period but the number itself is also interesting because it's a factor of two different multiples of phi (161.8 x 61.63 = 9972). I think this adds to evidence of an important top being made. I would guess it's a fairly high probability that 6/10/14 marked the top of the bull move from the 2009 lows.
However, per the following chart, I would guess there's at least a 10 to 20 percent chance that the DJIA and SPX make one more push to new highs unless those indicies break the Feb 2014 lows.
Of course there is always a chance that all of this analysis is incorrect and the market just continues on up without a significant correction.
Kim Rice 6/15/14
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