Nobody can predict when an avalanche will happen, only when the conditions are right, and boy does this thing look like it wants to break down. A confirmed breakdown from a huge that has been shaping up since January, with an extra, bonus head-and-shoulders pattern contained within the , whose right shoulder is the breakdown of the . If it had broken up out of the , I would have been able to say it was technically , but breaking down like it did makes a pretty great bear case. The breakdown would give it an expected drop of around 600 points, to 7000-ish.
However, if a drop like that happens, I'd say we're open for Bear season. There's no telling what happens after a confirmed breakdown of this market. I've been saying that this market's timing parallels 2008 a great deal, and if so we're right in the target time of when I expected everything to happen. There's so much potential here, we'll see how it goes.