Is This A WARNING?

Are we there? Have we reached the great "TOP"? I don't think so, but we may have reached the point of consolidation/correction of about 6-8%. The great "TOP" is somewhere above 1414. Not going to guess at a time nor finial target, will let the market do that. These charts were posted some time ago and have been updated as of 11/24/06. They are self explanatory, and may just be telling us a story we don't wont to hear.







Comments are welcome,
mss

I've made a big case around 1994 at the beginning of this year and how bullish it would be if the pattern continues...but as you point out....what if we are moving backward and not forward.

http://stockcharts.com/c-sc/sc?s=$VIX&p=W&st=1989-01-01&i=p70126573358&a=79008856&r=9755.png