Will history rhyme for 2012?

Every day I see many candlestick or line charts of the $SPY (S&P 500 SPDRs) so I thought I would take a look at the Point ‘n Figure chart:

Based on this chart, we can see the consolidation through most of the summer in 2011, the “sell in May and go away” foot prints. Will we see the same pattern develop in 2012?

 

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