I'll start the week out with a chart from over at Slope. Oh, if only analogs like these played out more than the seemingly about 1% of the time that they do... Oh, if only...




Source: http://slopeofhope.com/2014/06/draw-thine-own-conclusions.html

The play is just ride until new all-time highs before the bell...

Next leg looks to be starting. Or is this the fake over the 3D, and then that's it? In general, in this market, there is just no money in shorting strong days unless a very specific set of conditions lines up, and they aren't here now by my analysis.

I just want to short this soooooooooooooooooooooooooooooooooooooooooooooo bad.

Staying long side bias, though...

Funny, being on the right side of the market and frowning. That's what this market has done to many 'I like a balanced market' traders.

Ho-hum. Yawn. Zzzzzzzzzzzz. Just waiting for the new all-time high and pop.

Oops, left that staged too long while I got distracted and was working. It already happened.

Still looks pretty strong. I wonder how much more this will pay out today?

It does worry me, though, being this stretched. Right here and now I'm getting the heebie-jeebies.

you were right on the nose jim.....1.128 now

I think the middle one applies, too, if you know the enemy, but not yourself.