Is it much like those professing the ending of the world coming in December 2012? So according to whose calendar? Since I do not use technical analysis, I do not believe in these bears, shorters professing a major crash coming, so how right have you been since all these HOs have been predicted, when do you cover your bear raids on markets or have you done it too too soon as markets march on upwards. Timing is everything. TA and all such tools are part of your own analysis and shouldn't be treated as gospel. PS. You may be right longer term but, markets sure don't have to co-operate with you and it can withstand the course of time the best over you, as you, most retail investors don't have the time and money to last at infinity. Good luck all.
Xoxoxoxoxoxoxo as always.