MyPivots
Sign In
JI
jimkane
Rep: 3,058
Posts: 33,089
I'll get it started. This is a holiday week, and for me, that sucks. I am wont to say 'I have no life'. But, I just realized, I don't feel that way at all. My life is the market. What I really mean is 'Outside the market, I have no life'. So, when holidays hit, I kind of hate it. Sometime I even hate weekends. With Sundays (if there is some action), at least I have only one day to muddle through.

Now, as usual, things are on target in the never-ending march onward and upward. I hope I live long enough to see the day when this whole thing implodes, but I suspect maybe I won't. A combination of simply surrealistic ability to extend and pretend combined with my health/luck, and I'll probably kick the bucket the day before it gives way. So, take that as an indicator. If you hear I'm in the big trading pit in the sky, short the heck out of this baby.
Anyway, all joking aside, take a look at this headline:





Here's the link to the full article: http://evilspeculator.com/?p=39382 One of the main takeaways is something I read about years ago. We are not wired for all this information, or our lifestyles. We are wired to walk around with sticks, and never see more than fifty people in our lifetime. As an aside, they did a physiological study that showed every time we see an unfamiliar face, even in a magazine, picture, on TV, etc., we get stressed (even the most calm, confident, happy go luck people, perhaps just less). When we walk down a crowded street and see hundreds of faces we stress, cumulatively, quite a lot, even though we don't sense it. Over time, this takes its toll (with, of course, many other factors like the insane pollution, and chemicals in everything we touch and get our food in. How's that 50% cancer rate looking now?).

We are not wired for this life. That's why headlines like this are appearing right on schedule, and we can expect they always will, like clockwork. This will never change, Our job, if we are to be successful speculators/traders, is to work that to our advantage, and not get sucked in. That is why one of my biggest pet peeves is to see 'traders', some well-respected amongst the amateurs, getting all caught up in the frenzy. It's why I make posts where I sound like I'm super-duper bullish. It's like 'satirical'. It's meant to show what asses those people look like. To bring attention to the concept. I hope my readers get this.
JI
jimkane
Rep: 3,058
Posts: 33,089
Just grinding and grinding.
JI
jimkane
Rep: 3,058
Posts: 33,089
Looks ready to break to the upside with an acceleration move.
JI
jimkane
Rep: 3,058
Posts: 33,089
2.25 points from the all-time high.
JI
jimkane
Rep: 3,058
Posts: 33,089
In the meantime, the Russell and the Naz (100 and Comp) are smokin' off at new highs, the Russell at all-time highs and the Naz at new highs for the entire 'bull'.
JI
jimkane
Rep: 3,058
Posts: 33,089
PCLN just exploding, with GOOG right on its heels. The race for 2000?
JI
jimkane
Rep: 3,058
Posts: 33,089
Time for some stock splits?
JI
jimkane
Rep: 3,058
Posts: 33,089
I know that some may say this is just solid, steady accumulation, and that's it, I think it is just one more example of pure, unadulterated manipulation. This is not 'normal', 'free market' price action.

Click image for original size
iwm1126135min jpg

Chart created on QCharts, courtesy eSignal
JI
jimkane
Rep: 3,058
Posts: 33,089
The ES just can't get any momentum against this area.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, watch the ES here. Showtime.
JI
jimkane
Rep: 3,058
Posts: 33,089
Repeat of yesterday, or not? I hope...
JI
jimkane
Rep: 3,058
Posts: 33,089
Oh, yeah, bitcoin 1242. I think it may reach a million, or more.