In September/October 2011, OT suggested that the chart pattern might be similar to 1998 and several reasons were given.
On 8th of October 2011 the below 1998 Chart was posted and in addition the remark was made that after the low made in 1998, the SPX gained 6 month later 30%.
Where are we now 6-7 month after the October 2011 low ?
The S&P500 moved higher between 1998 - 2000 and there is a decent chance that 2011 - 2013 is very similar. The current 12 Year Monthly Chart is supporting this view and levels just over 1500 is very likely. Considering that most foreign investment actually flows into the Dow Jones, we could see a marginal new all time high in Dow Jones whereby S&P500 will mark a lower low compared to 2007. That being said, as for now this is my best guess and is NOT WRITTEN IN STONE.