The thing that is fear worthy, is not the charts, but the owners of SLW who are believers in this voodoo.
Certainly, benchmarks where averages are passed have meaning, but very little predictability for the next spike down. I have tracked stock consultant on NASDAQ for years, and they are no better guessing up or down turn, then a coin toss.
Nevertheless, you get the cattle to stampede under the guise of this pseudo science and that is something to contend with.
$31.50 support, with lots of fund players, $30 the "gap" to fill amongst the tea leaf crowd, next hard stop $26 ish. $21 is silly. If the herd follows instinct instead of fundamentals, they contribute to the selloff.
But you answered your own question: all of the inflationary fundamentals are gaining mo each and every day--and they haven't changed. They're WORSE. 4Trillion printed between August and December about to hit the fan, 650B in bond buying to keep irates low so Joesixpac can refi his hovel. Bernookie says recovery in five years this Friday, that means upticks in employment in two at worse, with unemployment numbers reflecting 10% at the start as the disenfranchised and disappointed come back to the job market place.
Gas will hit $4 a gallon this year, oil $100, food is up 12% year over year.