In my experience it's never different this time.





Source: http://www.zerohedge.com/news/2014-12-13/time-may-not-be-different-after-all

But it sure looks like they will come in any second and ram it up and over...

C'mon, just ram it up. I know you want to.

And there it as.

So, this has all the looks like it will be at new all-time highs very, very soon. It's at a monster area now, again, after at least two other strong runs at it. Common sense (something the market algos have absolutely none of) would say this rolls down now, and continues down. I suspect new all-time highs coming. The curious thing is, all the 'wrong way' bloggers are all calling for new all-time highs now, too. I guess, once again, they will all be right, and make a bunch of money. It's pretty maddening, like it is in all bubble 'bull' markets, to see people who I feel have very little actual skill claim endlessly how the market is going up, and they are always right, and they puff out their chests and call themselves gurus. That old market maxim is so true: 'Don't confuse brains with a bull market'.

Here's what this market does (and has been doing for going on six years now) to bearish traders:





Source: http://www.theburningplatform.com/2014/12/17/transition-requires-some-level-of-crash-or-instability/

And here's what it does to the average struggling AmeriKan:





Source: http://www.theburningplatform.com/2014/12/17/transition-requires-some-level-of-crash-or-instability/

There might be a timing factor in here, so the ES could break out of this range shortly. Not sure, though, because of the time of day. My 'guess' would be up, but most like just several stop sweeps and games, until it gets closer to the European open.

It's ready for the pop up, and so am I. Up, and then more up, or a double sweep, up, down, then up and away?

Swept up then moved down. Okay a) I love it, and b) this is what it used to do more often before the 'double sweep' became the norm, in my experience. In the double they not only sweep 'em both ways, they move it first in the direction they want, let's say up for this example (I picked up because the market pretty much only goes up, right?), then they nail 'em on the downside, then they hammer it up. So, it's not just a double sweep, it's a double sweep with a move. This has become a mainstay, replacing out the 'headfake sweep' in one direction, then the move in the other. I think the odds favor up now to complete the double, but, I wouldn't be shocked if it went down. 'Context' and a read of the layout are far more key right now than trying to read which screw job sweep they are doing.

And up it starts. Now we see.

A follow up on that insane SPY thing yesterday.

http://www.zerohedge.com/news/2014-12-19/just-one-question-about-yesterdays-last-minute-berserk-etf-freak-out