Chart: DOW Daily Closing Values

Some people believe the market will correct to test the DJIA high of 1999/2000 at 11,722 from above. I've indicated it with the dashed green line on this chart.
Click Chart for Full Size viewing
You can see from the chart that the dashed green "support line" was resistance in 2006. The DOW rallied from a bear market bottom in 2002 to this resistance line in 2006 then made a significant correction at that line before gathering strength to turn that resistance line into support.

In early 2007, the market tried to test that breakout from above, but did not test all the way back to the dashed green line. It is very close to this now so "big money" may already be waiting for this to hold before committing to the new money to the market.

Of course, on an intraday basis, we've already tested the 2000 high from above
and I've been adding shares here....