Very dangerous pattern tracing out in SLV...

SLV appears to be building a parabolic arc pattern to the downside which often ends in a complete flush type wipe out. I'd expect multi dollar swings in SLV on massive volume before it's all over with the potential to buy cheap into the panic selling....

re-convergence is coming..

Looks like 1250ish  SPX on deck bitchezz!!!  and don't forget to sell me your gold down around 1300ish

IYR vs. JCP post 08 crash

Ever since the Bernank has instituted his printing campaigns JCP has uncannily signaled market down drafts in IYR.  The current divergence is larger then what we saw just before the HFT flash smash...

potential for a hard core wipe out

The level of complacency despite the recent down draft in stocks is stark.  VIXY is not suggesting the market is anywhere near bottoming yet...

Odd how down side resistance areas in UUP (dollar) trace out (line in the sand) limit areas (red boxes) just before longer term dollar ramp fests and hard asset destruction zones occur...or so it seems.

I wonder..

If we are tracing out a giant head and shoulders pattern in a larger cycle (black line) then should we expect the right shoulder to be much more volatile as the last desperate attempts at Empire saving plays itself out? If so I might expect SPY to look something like this....

GLD / JJC / XAU / IYR

Taking a longer term view of all those sectors most effected by bankster money printing it becomes obvious that they have a lot more printing to do judging by the response in IYR (real estate etf) In the mean time in the shorter term their efforts to mitigate inflation seem to be working when one looks at JJC (copper etf) and XAU (gold mining stock etf) I also see the potential for GLD to crash? (if your of a short term view) though all in the context of a much longer term bull market.  I'm hopefull that there will be an opportunity to add to gold positions down around 1300ish spot.....