What about 2011—will it be a replay of 2005?

Since November 2009 I have been noting that the S&P500 (represented here by SPY) has been closely retracing the path that it followed in 2003 and 2004.  Now that 2010 is drawing to a close, I took a look back at 2005 to get one vision (hallucination?) of what lies ahead for 2011.  My updated graph showing SPY, normalized SPY volume and VIX over those …

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