The SP 500 point & figure chart suggests that the
the 2009 low has many years of upside action. The chart
suggests that the advance could last until late 2016
The Dow Jones Industrial yearly
chart from 1915 - 2008
depicts some of the most important stock market cycles.
Note that there are two cycles in 2008 (white and pink).
This suggests that 2008 will mark historical (closing) low
on the yearly chart. (Dec. 2008)