Provided below are a few key charts that are worth monitoring over the next few days. Over the past month, PM's and PM shares have moved lock step with the DOW. With the DOW on the verge of another leg down, it is now that PM's should begin to disconnect as they have earlier this year. This will provide us with a tangible year end rally.

We're close - VHF

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Chart 1: The DOW is on the verge of breaking below its October lows.

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Chart 2: Key support at the 50 level was pierced soon after Hank stated he no longer planned to buy assets off the balance sheets of troubled financials. Is there any wonder after the last shred of FED/Treasury confidence has been lost?

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Chart 3: This chart was posted by CR a few hours ago. It provides a good comparison of the present crash to past market crashes.

click to enlarge: http://tinyurl.com/6pgy7k