Flipping through the charts this morning and noticing (once again) lots of "up and to the right" charts.  When there are lots of similar charts, I like to look for the not-so-similar charts...

So I'm flipping through charts this week and I come across the daily chart of Walt Disney Co.  Following my traditional chart approach, I start at the right side of the chart to see where the price is at now related to its previous moves...

Recency bias is a common behavioral phenomenon where we tend to pay more attention to more recent data.  To take a step further, we often assume that whatever has happened recently (for example, a series of up days) will continue to happen...

As a student pilot, one of the most challenging moments early on was getting comfortable with stalls.  For those of you that are unfamiliar, a stall is when you basically create the conditions where your wings are unable to provide lift...

The Dow chart just looked familiar this morning.  I had seen this before.  Sure enough, it turns out there are some similarities to another Dow milestone, Dow 10,000 in 1999.  Chart below, 1998-1999 on top and 2016-2017 on bottom...