Another LONG term trendline converging a little higher ... DJ Industrial Average

When you take a 45 degree trend line and bisect a square you are creating an angle, or trendline in this case, that moves one unit to the right (if starting from the bottom right) and one unit up.  For charts, that equates to one calendar for one price point movement.

From the all time low on the DJIA (08/08/1896 and a price of 28.48) if we move up one point and over one calendar day we will converge at that line, today, at 47107.  Essentially, this 1x1 or 45 degree trend line should act 1/ as a magnet and 2/ STRONG resistance. 

In addition to this 1x1 from the all time low, we have two MAJOR projections coming into this area.

I sense the DJIA and other indices are getting close to some very strong resistance if not a top of significance the next 3-4 months.