9 Year Dow/SPX Projection into 2013-2014

With CBOE Equity-only Put/Call ratios so high and the bullish 4 & 6 year cycles in effect (havent topped out yet), here is a rough sketch using a 4.5 year offset on where I think the Dow will be in the next 2-3 years. 16,000-16,800 +/- would be a 125%/138.2% fib advance and would return the Dow to its normal growth line into an Andrews Median line which dates back to the 1921 lows (purple line). SPX equivalent would be somewhere 1750+/- by 2013-2014.

The bullish cycles are simply there and rampant pessimism/skepticism abounds. The pattern out of 2009 looks like a very bullish diametric bowtie forming into the 4 year/6 year cycle top area of 2013-2014. All good reasons for this scenario to easily occur.