Months of Bull, Wiped out in a matter of days

I'm back, however back at a really bad time. For the last 4 days DOW just PLUNGED, basically wiping out months of accumulated profits due to Europe's problem. Coincidentally, this news exposed during the month of May, where there's a saying "Sell in May and go away". Sometimes it makes me wonder that if news are specifically released deliberately at certain timings or it's just a matter of twisted fate?
Take a look, In just a few days, 50, 100, 150 Moving Averages (MA) are broken. That's even faster then the correction during January - February! What's left is the 200 MA(green) support. If that is broken, then it's a really bearish period. The drop in the last few days really shook off the confidence of many investors when they are starting to put their money back into assets. My portfolio consisting of long term stocks also took a bad hit.
Let's take a look at VIX, an indicator which measures fear. VIX has broken out of the downwards channel. Which means that there is more fear to be expected and more drops. I'm anticipating a rebound soon which probably a "dead cat bounce" since the drop is really fast and furious. Probably at the 200 MA support.

Of course there will be opportunities.

*A pinch of salt: I dreamt there was a formation of a head and shoulders! I wonder this is just a formation of a left shoulder? or a head?