hehe
Short

SPX Reverse Symmetrical Triangle

SP:SPX   S&P 500 Index
2544 3 6
Elliott Wave Theory. November will be a very important month for U.S. indexes. Theoretically, the SPX             has levels of 1492, 1594 within the next move. But ... maybe that's enough??

http://www.thepatternsite.com/EWRevSymmetrical.html
whats the best way to play upcoming bearmarket? long volatility? or just short individual stocks? i've started scaling into long term OTM puts on individual stocks here. dont want to miss the train. lol.
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The historical presidential election pattern is in line with your assumptions:
However my Elliot Wave counting there should be even more room to grow:
As always appears the truth is somewhere in the middle
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awesome chart, it lines up perfectly with a chart I had posted on another site a few weeks ago
http://s8.postimage.org/mblcmy7p1/SPX_3_Month_9_1990_12_2012.jpg
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