Updated Chart - Scenario 1 is Revealing Itself

Looks like Scenario 1 from June 6th post is revealing itself.  The concern I have is that if this scenario plays out the the ensuing drop will be even more dramatic than Scenario 2.

http://omoinv.blogspot.com/2010/06/point-of-recognition-could-be-here-or.html

Remember this is Just One Man's Opinion!