The chart shows the big volume reversal in the GDX gold miners ETF. The lower panels include two other items of interest in the would-be election year play. Middle panel is the emerging market ETF (I already bought both EM equity and 'income' bond funds) and the energy iShares. The last component would be big US tech which, along with energy I have thus far held off on.
I had thought the S&P 500 might be in a (daily) bear flag but if it turns out not to be one, the 2012 play may prove to have already begun and I would look to add energy and tech. Trying to stay patient.