Chart of the Day's long-term Dow chart may converge with long-term Elliott Wave counts

The Chart of the Day at http://www.chartoftheday.com/20090227.htm?T updates their inflation-adjusted Dow Jones Industrial Average long-term chart. Kinda looks like either a C-wave or a third wave in Elliott Wave terms ... given that the Dow as well as the S&P 500 made higher highs in October 2007, maybe that gives support to a C-wave view ... or maybe that's too optimistic! Here's their commentary and chart:

Chart of the Day
For some long-term perspective, today's chart illustrates the Dow adjusted for inflation since 1925. There are several points of interest. For one, the inflation-adjusted Dow has gained a mere 55% since its 1929 peak and gained only 10% since its 1966 peak – not that impressive considering it took many decades to achieve those gains. It is also interesting to note that based on an inflation-adjusted Dow, the current bear market actually began in 1999 only to be interrupted briefly by a multi-trillion dollar credit bubble. That bubble has burst, of course, and the Dow now trades at a level not seen since 1995.

I'll be intrigued by the idea of a C-wave, since that points to the Fibonacci retrace levels I've shown for a C-wave flat in my long-term S&P 500 chart. I've annotated my long-term Dow chart similarly, although there I think that the count could be different in Elliott Wave terms - even if the levels we're pointing toward might be very similar. Whether or not we get to the "C-wave flat" levels I annotated onto these charts, the potential for Dow 6427 and SPX 664 look possible and significant on the Fibonacci retrace levels: