A 2011 'repeat' performance?

S&P500 Weekly Chart @ Close 11/09/2012

Worth noting that a similar 'set-up' occurred in 2011 just before the 200pt 'swoon' (15%) down to the 1100 lows in August.
Only took 2 weeks to boot!
We know what the 'tail risk' is Short- Term...........caveat emptor.