Chart says it all. It appears to me as if we are in similiar period as late 2000/early 2001. If we break 1400 then we will probably retest the highs, but if we fail at this level then the next level down is the 1100 level. This is a level that has been mentioned many times here on this site...also note the other lower levels which are quite possible as well. How amazing that the high last week was 1399.10. Its almost as if the great index is teasing us. The index will have to find reasons to break past 1400 and the summer usually doesnt bring many reasons...I believe we are setup now to go to 1100-1150 area with that low coming during either the 3rd or 4th quarter.