Is the vampire going to get an invite? Will he respond even if he does? The blue arrow points to something that must be reversed or else the market is vulnerable to some very nasty - as in potential 2008 variety - downside. Laugh at Prechter all you want, but this chart is not lying. A structure held together with debt is coming unglued. If this is not reversed soon, we are going to look back at SPX 1220 as a kiss goodbye to the post '08 crash party.
Nobody can predict what is going to happen, but this is why I harp on the risk management and capital preservation thing. The ratio of gold to silver is tool #1 in this regard.