Sometimes a picture paints a thousand words. In the case of this chart, it paints an expectation of around 300 S&P points (to the downside). The strange symmetrical exponentiality of the last four years can only be marveled at in its reflection of greed and fear catalyzed by the machinations of an increasingly impotent central banking cartel. Trade accordingly.
[2]
The irony of the coincident timing of the plunge and the pending fiscal cliff decision - which as we noted here [3], will not be solved until the market pushes the politicians to 'compromise' - should not be lost on those who poo-poo such silly chartist ramifications...
(h/t Ivan The Terrible @SqueezedEquity)