BTFD - Chart Attack

[Updated July 6th, 2012]

Above is a chart of the Russell 2000 small cap index which was the leading index during the 2003-2007 rally.  Subsequently, including the top in 2007, there have been 4 peaks each separated by 5 waves down and 3 waves up i.e. a nested fractal at multiple degrees of trend.  Five years to nowhere, despite $3 trillion+ in global monetary stimulus.  The time duration between peaks is compressing by a 4:1 multiple each time.  Now once again, the market is back at five year resistance after only a few weeks off the lower trend line.

The market is at its most overbought level in 3 years, according to the McClellan Oscillator (black line above).

Spanish 10 year bond yields back at the same level as they were immediately prior to last week's  grand (save the) Euro Summit  This monthly chart doesn't show the latest uptick, but you can see by the print at the top it closed at 6.95%:

Polled sentiment...complacent:

Last, but not least - No other company has benefited more from the Globalized Ponzi Scheme than WalMart.  Therefore, it is extremely fitting that following a multi-year sideways consolidation, the stock is now going parabolic - presumably in tribute to the Grand Ponzi...