Starting it off...

And there's the all-time high, again. It keeps pushing on it.

And there's the new all-time high.

I hope we get a pullback to get in on the given, usual 100+ Dow points for tomorrow. I wonder if it will then pop 200-300 more on the Fed announcement? I like this 100 or so Dow points pretty much day in and day out. Makes this an 'easy' game.

So, now that it hit into 'the area', I am hoping it comes in for better prices so I can be thinking about the next push, and so on. Lather, rinse, repeat, until it stops. Which may not be until we hit 3400, who knows. But, I suspect this may stay strong and run up until the Fed announcement tomorrow, and maybe even explode from there. I'm really wondering if we'll see any pullbacks any time soon. Oh, and while I was typing this, there's another new all-time high, and a close within two ticks of the highest level the ES has ever seen. Cool.

So, does this look like normal behavior? Look at CMG from awhile back (end of '11 into '12) on a daily to see pretty much the exact same behavior. Chart is a 60-min RTH. Bizarre, huh? That's what a totally manipulated market looks like, in my opinion.



Chart created on QCharts, courtesy eSignal

And there's yet another new all-time high. I don't think this will end soon. I think it is going to be happening over and over and over again. Just my two cents.

Now, I figure when they announce tomorrow that there will be no taper, the market will explode up. In this market, there is no such thing any more as 'priced in'. See, no taper should be 'priced in'. Buy the rumor, sell the news. Nope, not any more. 'Buy the rumor, explode it higher on the news' is the new mantra. Can't they even bring it in a bit and then explode it into the announcement? Nope. It's up almost 150 since the recent low, with very little correction, then they run it right into the announcement, and then they explode it on the announcement. This is just getting beyond ridiculous. But, I think it is almost certainly what is going to happen.

Let me paraphrase Lee Van Cleef from For a Few Dollars More, when talking about robbing the Bank of El Paso:

Banker:

Exactly. The truth is...

to try shorting this market would be so futile...

that only a complete fool would attempt it.


Lee:

Yeah.

Or a complete madman.

68-69 ?

Reversal of such an obvious TL?