Double Tops Galore!?

The scenario of synchronised double tops all over the place.....??




So ..... is this the beginning of a correction? A couple of reasons:
1. Subprime mess + slowing growth in the US; and its knock-on effect on the rest of the world
2. Inflationary fears fueled by higher oil and food prices

Lets see what happens when the index meets the 50 day MA.