DJI and S&P 500- At a critical junctures

I'm having problem with my normal charting system, so the charts will be a bit different today. The charts above is from FreeStockCharts.com, which actually is a great and free charting system.

What I wanted to show is the difference between the Arithmetic and Log charts. As can be seen in the two charts above on the Log scale the long term rising trend line from March 2009 already has been broken to the downside, while this is not the case with the Arithmetic scale chart.

The next important support for the DJI will be found at 11,720 and 11,555 a break below the later support will be very critical for the longer term picture.

For the S&P 500 the important support is at 1,249.05 and a break here will be critical longer term

I also wanted to show you a chart of Crude Oil, as it broke below important support on Friday. Unfortunately I not able to show it to you, but the break below support at 95 calls for a decline to at least the 60 area. One should think that it would be positive for stocks, but remember in 2008 when everything was all the same? Things is beginning to shape up very much the same way at this point in time. If this is the case there will be nowhere to hide.

I will be on vacation for the next two weeks and will not be able to update during that period. Take care and trade safely.