ES Journal - 2013

This makes me wonder how much further this has to go:
http://www.bloomberg.com/news/2013-...-most-cash-in-13-years-as-market-rallies.html

 

Another consideration is that it does not need to go anywhere, could just establish a range and burn premium, like AAPL has been doing recently.

 

Historically retail is the last to join the party. But remember this time is different

 

Maybe this time it's the same...as the breakout in the early 1980's through the millennium peak:

http://stockcharts.com/freecharts/historical/spx1960.html

That was a helluva run!

 

Asking 1809.00 here, surprised if I get a fill tonight.

 

1813 is possible today (monday session) but seeing we are in uncharted waters ...

 

jaysus, i wasn't even watching it, now at 1807!

 

yep, just spiked to 1809 but no fill on my limit (yet?).

 

Pulled the order, riding 1809 a bit too much. 1809 is obvious non-existent-resistance-at-ATH-resistance.. along with 3435 on NQ. Wanted to test my new auto-post-trades-to-ET mechanism, though.

Naturally I will go BBQ now and 1809 will be the high print. c'est la vie.

This is a lovely little rising wedge pattern on the 4 hour. 1809 holding here means clean possible top. Looks good so far. Too bad I didn't try 1808.75 instead. Can see 1813-1814 as next line of bears-have-no-resistance-at-ATH defense, though, for additional stop running goodness.

 

what is so surprising, uptrends make higher highs