The attachment is charts of the DJ index. The top chart is a portion of 1975 and the lower is of 1943. Each are 32 years apart and the next 32 above 1975 is 2007. The markets follow a 32 year cycle. The turn points on the charts are numbered and right now the market is moving to the #5 high due mid July. The 6 low is in early August. This doesn't give the magnitude of a market move but the approximate timing. I am looking to buy puts on an over bought stock like GM perhaps. Anyway, I thought I would post this. Good trading to all. Let me mention, the charts are from www.prophet.net. They are their java charts. Open the charting application, get the DJ 30 index open, click the drop down box of time period and click on "all". The dow will load going back to 1901, then click daily if you want daily bars and you can look at daily data of the Dow going back to 1901.