The series of charts provided by Doug Short at advisorperspectives.com point to various long and short term scenarios for the market, several of which have a very high probability of coming to pass. Statistically, it is extremely unlikely that the mathematical patterns discussed here are simply due to random chance. Taken as a group it would seem to be virtually impossible.
Although the patterns are mathematically driven and not dependent upon world events it is fascinating how current events seem to be aligning with the near term pattern. In particular, the S&P decline indicated for 2012 - 2013 coinciding with the very likely disintegration of the Eurozone and euro. Is there a silver lining for investors somewhere within this dark cloud?
Full text and charts of Part II (Dec 9/11) and Part I (Nov 28/11)