All donations go towards web site maintenance for all of Technical Watch,
keep it free of charge, and may be tax deductable as an investment expense.


PayPal Verified
Join our market chat sessions every Tuesday and Thursday at 4:00 pm Pacific time!
More information on subscriber services can be found at
http://www.technicalwatch.com/subs.htm




Support Technical Watch!
Buy from our Book Store!
Register Calendar Latest Topics
 
 
 


Note: This topic is locked. No new replies will be accepted.


Reply
  Author   Comment  
fib_1618

Moderator
Registered:
Posts: 4,419
Reply with quote  #1 
2011-10-11 16:00:02 [Message] fib_1618 -> Chat: good day
2011-10-11 16:00:05 [Message] fib_1618 -> Chat: how is everyone?
2011-10-11 16:00:39 [Message] fib_1618 -> Chat: quite a week, huh?
2011-10-11 16:01:31 [Message] fib_1618 -> Chat: 1671/1340...looks like we're going to have a lot of small point changes tonight
2011-10-11 16:01:45 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2011-10-11 16:03:08 [Message] fib_1618 -> Chat: OK...then let me get DP up and we'll get started
2011-10-11 16:03:40 [Message] fib_1618 -> Chat: after a quick pullback on Friday
2011-10-11 16:03:52 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO moved to higher highs on Monday
2011-10-11 16:03:58 [Message] fib_1618 -> Chat: and we have a small point change today
2011-10-11 16:04:43 [Message] fib_1618 -> Chat: today's small point change was able to push the CO NYSE breadth MCSUM above the -500 level for the first time since the beginning of August
2011-10-11 16:04:52 [Message] fib_1618 -> Chat: let me check where the gap resistance area is
2011-10-11 16:05:14 [Message] fib_1618 -> Chat: we are above it
2011-10-11 16:05:27 [Message] fib_1618 -> Chat: so the bears are now starting to lose their grip on things
2011-10-11 16:05:54 [Message] fib_1618 -> Chat: but until we move above the highs seen on the MCO in September
2011-10-11 16:06:05 [Message] fib_1618 -> Chat: the trend hasn't turned higher just as yet
2011-10-11 16:06:25 [Message] fib_1618 -> Chat: and looking at the components of the CO MCO
2011-10-11 16:06:40 [Message] fib_1618 -> Chat: we now have both the 10% and 5% Trends above their zero line
2011-10-11 16:07:22 [Message] fib_1618 -> Chat: whether the 5% will be able to hold above its zero line near term with the MCO at a reading of +67 is still yet to be determined
2011-10-11 16:07:34 [Message] fib_1618 -> Chat: as we touched upon on Thursday
2011-10-11 16:07:51 [Message] fib_1618 -> Chat: we do have to be mindful that with the divergent structure in place
2011-10-11 16:08:03 [Message] fib_1618 -> Chat: and the downside price targets having been met last Monday
2011-10-11 16:08:15 [Message] fib_1618 -> Chat: that we could have seen our tradable low
2011-10-11 16:09:00 [Message] fib_1618 -> Chat: unfortunately, however, it's tough not exactly knowing whether this has been accomplished or not until certain criteria are met to confirm such an event
2011-10-11 16:09:02 [Message] fib_1618 -> Chat: and in the meantime
2011-10-11 16:09:08 [Message] fib_1618 -> Chat: the Dow rallies 1000 points in a week
2011-10-11 16:09:20 [Message] fib_1618 -> Chat: and the SPX rallies 125 points in this same amount of time
2011-10-11 16:09:38 [Message] fib_1618 -> Chat: and if anyone is wondering
2011-10-11 16:10:05 [Message] fib_1618 -> Chat: the daily low volume figures have little to do of whether or not a bottom has been created or not
2011-10-11 16:10:22 [Message] fib_1618 -> Chat: it's not a matter of quantity...it's always a matter of quality
2011-10-11 16:10:33 [Message] fib_1618 -> Chat: and we'll check that out later on
2011-10-11 16:10:56 [Message] fib_1618 -> Chat: we have a small point change on the composite NYSE breadth MCO
2011-10-11 16:11:14 [Message] fib_1618 -> Chat: so let's expect a dramatic move in the major market averages in the next two trading sessions
2011-10-11 16:11:21 [Message] fib_1618 -> Chat: with the amount of volatility of late
2011-10-11 16:11:34 [Message] fib_1618 -> Chat: it makes you wonder what a "dramatic move" might look like
2011-10-11 16:11:57 [Message] fib_1618 -> Chat: but it should be pretty much in relation to what we've had for the last two months
2011-10-11 16:12:20 [Message] fib_1618 -> Chat: hey...I just realized
2011-10-11 16:12:31 [Message] fib_1618 -> Chat: the Dow closed down by "only" 16 points today
2011-10-11 16:12:40 [Message] fib_1618 -> Chat: when's the last time we've had such a low number? 
2011-10-11 16:12:57 [Message] fib_1618 -> Chat: anyway
2011-10-11 16:13:09 [Message] fib_1618 -> Chat: moving to the composite NYSE breadth MCSUM
2011-10-11 16:13:24 [Message] fib_1618 -> Chat: and here we see that we haven't as yet moved above our reaction highs as the CO MCSUM has
2011-10-11 16:13:48 [Message] fib_1618 -> Chat: this is not something in which one should get excited about when talking about the potential for a bottom
2011-10-11 16:14:23 [Message] fib_1618 -> Chat: but (I guess) if things continue to improve we might get one of those market anomalies in which we can refer to in some distant future
2011-10-11 16:14:37 [Message] fib_1618 -> Chat: but what this MCSUM is really telling us here is...
2011-10-11 16:14:48 [Message] fib_1618 -> Chat: the declining tops line in the NYAD line remains in force
2011-10-11 16:14:58 [Message] fib_1618 -> Chat: and until this line is violated to the upside
2011-10-11 16:15:12 [Message] fib_1618 -> Chat: although we've had a 7% move in a week
2011-10-11 16:15:28 [Message] fib_1618 -> Chat: it's not what one would technically call a bullish event
2011-10-11 16:15:59 [Message] fib_1618 -> Chat: and probably more under the heading of an acute short covering rally
2011-10-11 16:16:36 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO
2011-10-11 16:16:48 [Message] fib_1618 -> Chat: and here we are now challenging the all important highs of mid September
2011-10-11 16:17:03 [Message] fib_1618 -> Chat: but we haven't violated them as yet
2011-10-11 16:17:12 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCSUM
2011-10-11 16:17:31 [Message] fib_1618 -> Chat: and we see how its pattern is pretty much setting itself up for this potential breakout
2011-10-11 16:17:46 [Message] fib_1618 -> Chat: where higher MCO highs would give us higher MCSUM highs to put us in the clear
2011-10-11 16:18:09 [Message] fib_1618 -> Chat: but then when we look at the NASDAQ MCO components
2011-10-11 16:18:27 [Message] fib_1618 -> Chat: we still look corrective right now and not the start of a new trend to the upside
2011-10-11 16:18:42 [Message] fib_1618 -> Chat: so the ball remains fully in the bulls court
2011-10-11 16:18:55 [Message] fib_1618 -> Chat: it's theirs to make or break
2011-10-11 16:19:12 [Message] fib_1618 -> Chat: given the amount of energy they've used to this point since last Tuesday's hard reversal
2011-10-11 16:19:32 [Message] fib_1618 -> Chat: one has to wonder how much fire power they might have at this juncture without some sort of pause first
2011-10-11 16:20:11 [Message] thespookyone -> Chat: naz still looks short of gap resistance, as well
2011-10-11 16:20:13 [Message] fib_1618 -> Chat: moving to the NDX breadth MCO
2011-10-11 16:20:29 [Message] fib_1618 -> Chat: and here we have some problems as it relates to the NASDAQ composite
2011-10-11 16:21:00 [Message] fib_1618 -> Chat: yes...gap resistance is anything above the recent highs
2011-10-11 16:21:15 [Message] fib_1618 -> Chat: so it's an important area of resistance here
2011-10-11 16:21:34 [Message] fib_1618 -> Chat: and it will take "something special" to push through this area this time around
2011-10-11 16:21:44 [Message] fib_1618 -> Chat: if things were a bit different
2011-10-11 16:22:07 [Message] fib_1618 -> Chat: where we had a gradual increase in prices that went more along the lines of what the internals have done over the last week
2011-10-11 16:22:18 [Message] fib_1618 -> Chat: we would be a little more excited as to the near term prospects
2011-10-11 16:22:30 [Message] fib_1618 -> Chat: but it really is bothersome that we don't have uniformity here
2011-10-11 16:22:42 [Message] fib_1618 -> Chat: it's sort of like racing an engine when the timing is misfiring
2011-10-11 16:23:00 [Message] fib_1618 -> Chat: yes...the direction is good
2011-10-11 16:23:26 [Message] fib_1618 -> Chat: but the idle needs a bit more "choke"
2011-10-11 16:24:04 [Message] fib_1618 -> Chat: plus now we have the NDX price pattern leading breadth here to the upside
2011-10-11 16:24:19 [Message] fib_1618 -> Chat: and this usually needs some sort of reset to the pattern before we're able to proceed
2011-10-11 16:25:00 [Message] fib_1618 -> Chat: of special note here is that the NDX breadth MCSUM is now just above its zero line
2011-10-11 16:25:20 [Message] fib_1618 -> Chat: so...do we find resistance here as we did two weeks ago?
2011-10-11 16:25:26 [Message] fib_1618 -> Chat: or do we blow through this area ?
2011-10-11 16:25:37 [Message] fib_1618 -> Chat: if we do move higher from here
2011-10-11 16:25:55 [Message] fib_1618 -> Chat: the area of last resort for the bears would be the +250 level on the NDX breadth MCSUM
2011-10-11 16:26:09 [Message] fib_1618 -> Chat: anything above that and the bottom is likely behind us
2011-10-11 16:26:31 [Message] fib_1618 -> Chat: moving to the SPX breadth MCO
2011-10-11 16:26:42 [Message] fib_1618 -> Chat: and here we are still quite a ways from our recent highs
2011-10-11 16:27:13 [Message] fib_1618 -> Chat: this would then suggest that the amount of energy that is driving prices higher is not as "rich" as it was previously
2011-10-11 16:27:34 [Message] fib_1618 -> Chat: and when this takes place, it's only a matter of time before we fill this kind of vacuum
2011-10-11 16:27:59 [Message] fib_1618 -> Chat: we note here that the SPX breadth MCSUM is now within 94 points of its zero line
2011-10-11 16:28:22 [Message] fib_1618 -> Chat: so the balance between buyers and sellers on the SPX is close to being evened up
2011-10-11 16:28:41 [Message] fib_1618 -> Chat: though there remains a slight tilt of the scales towards the bears
2011-10-11 16:29:10 [Message] fib_1618 -> Chat: same kind of energy problem with the OEX breadth MCO
2011-10-11 16:29:35 [Message] fib_1618 -> Chat: but we remain on the buy signal generated from last Thursday
2011-10-11 16:29:45 [Message] fib_1618 -> Chat: looking at the OEX breadth McSUM
2011-10-11 16:30:11 [Message] fib_1618 -> Chat: and here we are now approaching the key juncture of the +250 level with a current reading of +105
2011-10-11 16:30:17 [Message] fib_1618 -> Chat: keep in mind
2011-10-11 16:30:21 [Message] fib_1618 -> Chat: that during bear markets
2011-10-11 16:31:10 [Message] fib_1618 -> Chat: that the +250 level acts as a resistance point for any intermediate term counter trend structure
2011-10-11 16:31:20 [Message] fib_1618 -> Chat: just as the -250 level act as support level for the bulls
2011-10-11 16:32:14 [Message] fib_1618 -> Chat: looking at the OEX components
2011-10-11 16:32:30 [Message] fib_1618 -> Chat: and we see that the 10% index is moving ahead of the MCO itself
2011-10-11 16:33:04 [Message] fib_1618 -> Chat: which usually leads to some sort of reset internally as the movement of energy is too far and too fast (or rich)
2011-10-11 16:33:30 [Message] fib_1618 -> Chat: but on a charting basis
2011-10-11 16:33:54 [Message] fib_1618 -> Chat: we did break above our short term declining tops lines on several indices yesterday
2011-10-11 16:34:02 [Message] fib_1618 -> Chat: with providing a pause to refresh today
2011-10-11 16:34:10 [Message] fib_1618 -> Chat: so it's really a mixed market here
2011-10-11 16:34:19 [Message] fib_1618 -> Chat: where prices are saying "buy me"
2011-10-11 16:34:32 [Message] fib_1618 -> Chat: and where money flow is saying "I'm not so sure"
2011-10-11 16:35:01 [Message] fib_1618 -> Chat: pretty much the same situation with the Dow breadth MCO
2011-10-11 16:35:11 [Message] fib_1618 -> Chat: but here the 10% component has moved to new highs
2011-10-11 16:35:19 [Message] fib_1618 -> Chat: with the Dow MCO still at lower highs
2011-10-11 16:35:26 [Message] fib_1618 -> Chat: so something has to give here
2011-10-11 16:35:57 [Message] fib_1618 -> Chat: either the 10% is leading off to something rather extraordinary about to occur
2011-10-11 16:36:22 [Message] fib_1618 -> Chat: or we have just see just too much hype for it to continue without some sort of rest
2011-10-11 16:36:38 [Message] fib_1618 -> Chat: hype = extra stimulus
2011-10-11 16:36:56 [Message] fib_1618 -> Chat: which...I guess...could be a near term phenomenon
2011-10-11 16:37:14 [Message] fib_1618 -> Chat: given that the FED's new "twist program" started last week
2011-10-11 16:37:27 [Message] fib_1618 -> Chat: might be just coincidence, I guess, but I'll throw it out there for discussion
2011-10-11 16:38:14 [Message] fib_1618 -> Chat: small point change on the MID breadth MCO
2011-10-11 16:38:46 [Message] fib_1618 -> Chat: and we can see by the post expansion on the MID breadth MCSUM that money is moving into this basket of stocks at a nice pace
2011-10-11 16:39:10 [Message] fib_1618 -> Chat: probably the best we've seen since the August lows
2011-10-11 16:39:23 [Message] fib_1618 -> Chat: bottoms above bottoms control the pattern there
2011-10-11 16:39:27 [Message] fib_1618 -> Chat: so that's a good thing
2011-10-11 16:39:45 [Message] fib_1618 -> Chat: with a bullish divergent structure on the MCO
2011-10-11 16:39:48 [Message] fib_1618 -> Chat: what's not to like?
2011-10-11 16:40:13 [Message] fib_1618 -> Chat: all we need now is for the MID MCO to move above the double top highs
2011-10-11 16:40:39 [Message] fib_1618 -> Chat: and that would put a final nail in the coffin for the bears for the time being
2011-10-11 16:41:10 [Message] fib_1618 -> Chat: same kind of situation with the SML
2011-10-11 16:41:13 [Message] fib_1618 -> Chat: bottoms above bottoms
2011-10-11 16:41:28 [Message] fib_1618 -> Chat: with a buy signal generated last Thursday still holding
2011-10-11 16:41:48 [Message] fib_1618 -> Chat: taking ruler to monitor
2011-10-11 16:42:08 [Message] fib_1618 -> Chat: the SML price pattern is now right up against its short term declining tops line
2011-10-11 16:42:30 [Message] fib_1618 -> Chat: so any good push here near term would probably be enough to start opening long positions here
2011-10-11 16:43:01 [Message] fib_1618 -> Chat: and a small point change on the TM breadth MCO
2011-10-11 16:43:18 [Message] fib_1618 -> Chat: but like the NYSE composite MCSUM
2011-10-11 16:43:33 [Message] fib_1618 -> Chat: we're still well below the highs seen last month
2011-10-11 16:43:36 [Message] fib_1618 -> Chat: so...
2011-10-11 16:44:03 [Message] fib_1618 -> Chat: still a lot of things that are keeping us from moving all out bullish here
2011-10-11 16:44:14 [Message] fib_1618 -> Chat: but it wouldn't take too much more to put that behind us
2011-10-11 16:44:51 [Message] fib_1618 -> Chat: we know that we were to expect a tradable low between the 3rd week of September and the 1st week of November per the NYSE breadth MCSUM back in July
2011-10-11 16:45:11 [Message] fib_1618 -> Chat: we DO have several indices with bull divergence in place with their MCO's
2011-10-11 16:45:27 [Message] fib_1618 -> Chat: and we're now starting to see some nice post expansion to the upside with many of the MCSUM's
2011-10-11 16:45:41 [Message] fib_1618 -> Chat: but our nagging problem remains with the broader market
2011-10-11 16:45:57 [Message] fib_1618 -> Chat: that being both the NYSE and the Total Market positions of their breadth MCSUM's
2011-10-11 16:46:19 [Message] fib_1618 -> Chat: if we see better participation here near term
2011-10-11 16:46:36 [Message] fib_1618 -> Chat: then that would greatly increase the odds that last Tuesday were the lows
2011-10-11 16:46:42 [Message] fib_1618 -> Chat: but until then
2011-10-11 16:47:01 [Message] fib_1618 -> Chat: we should remain defensive and watch out for some "corrective" ambushes
2011-10-11 16:47:26 [Message] fib_1618 -> Chat: let's move to the sectors and see how things are doing
2011-10-11 16:47:50 [Message] fib_1618 -> Chat: small point change on the XLY breadth MCO
2011-10-11 16:48:13 [Message] fib_1618 -> Chat: with the XLY breadth MCSUM just today moving above its zero line
2011-10-11 16:48:17 [Message] fib_1618 -> Chat: price wise
2011-10-11 16:48:27 [Message] fib_1618 -> Chat: we've now had some rally during this past week
2011-10-11 16:48:45 [Message] fib_1618 -> Chat: and we are now challenging the corrective highs of the last two months
2011-10-11 16:49:10 [Message] fib_1618 -> Chat: breadth, however, is not really confirming the recent race to these highs
2011-10-11 16:49:25 [Message] fib_1618 -> Chat: so some sort of backing and filling might be necessary before proceeding
2011-10-11 16:49:39 [Message] fib_1618 -> Chat: plus we're at the MCSUM zero line
2011-10-11 16:50:19 [Message] fib_1618 -> Chat: so sort of resistance here is usual and customary after being below this same line of neutrality for the last two months
2011-10-11 16:50:52 [Message] fib_1618 -> Chat: the XLP breadth MCSUM, however, remains in great shape here
2011-10-11 16:51:00 [Message] fib_1618 -> Chat: and today has generated a buy signal after moving above its +250 level
2011-10-11 16:51:24 [Message] fib_1618 -> Chat: the other item of note here with this buy signal
2011-10-11 16:51:39 [Message] fib_1618 -> Chat: is the way the pattern found good support at its MCSUM zero line
2011-10-11 16:52:12 [Message] fib_1618 -> Chat: and given that this is part of our defensive group where money will usually move into first when we have the prospects of a bottom
2011-10-11 16:52:31 [Message] fib_1618 -> Chat: this sector is giving an all clear here
2011-10-11 16:53:03 [Message] fib_1618 -> Chat: small point change on the XLE breadth MCO
2011-10-11 16:53:32 [Message] fib_1618 -> Chat: but with the XLE breadth MCSUM so far under water here
2011-10-11 16:53:52 [Message] fib_1618 -> Chat: this sector remains something to watch than to trade on the long side
2011-10-11 16:54:32 [Message] fib_1618 -> Chat: with the double bottom here on the MCSUM suggesting that the downside from here has become a lower probability
2011-10-11 16:54:51 [Message] fib_1618 -> Chat: price pattern wise
2011-10-11 16:55:20 [Message] fib_1618 -> Chat: snapback now complete from where we saw the large pattern gap to the downside
2011-10-11 16:55:37 [Message] fib_1618 -> Chat: so if there's going to be a sector that will lead to one final wash out this will probably be one of them
2011-10-11 16:56:20 [Message] fib_1618 -> Chat: the XLF internals continue to improve
2011-10-11 16:56:59 [Message] fib_1618 -> Chat: but we still have a series of lower tops and higher bottoms here on the XLF breadth MCO forming another triangle
2011-10-11 16:57:47 [Message] fib_1618 -> Chat: but the recent move above the MCO zero line on the XLF is allowing the XLF breadth MCSUM to become move balanced between buyers and sellers
2011-10-11 16:58:17 [Message] fib_1618 -> Chat: so...one might want to look at issues in this sector that have been dramatically depressed during this correction
2011-10-11 16:58:28 [Message] fib_1618 -> Chat: MS for one
2011-10-11 16:58:32 [Message] fib_1618 -> Chat: even BAC
2011-10-11 16:59:09 [Message] fib_1618 -> Chat: but MS at 15 is probably a steal here
2011-10-11 17:00:16 [Message] fib_1618 -> Chat: anyway...one should utilize the PMO rankings at DP for further insight before putting any money to work in this sector
2011-10-11 17:00:47 [Message] fib_1618 -> Chat: the XLV breadth MCSUM is back above its zero line as well
2011-10-11 17:01:04 [Message] fib_1618 -> Chat: which would compliment the defensive sector ideas mentioned earlier
2011-10-11 17:01:05 [Message] fib_1618 -> Chat: but here we are up against what was horizontal support in the XLV breadth MCSUM
2011-10-11 17:02:21 [Message] fib_1618 -> Chat: so a "show me" move above the +250 MCSUM level, with a higher highs in the MCO, would be pretty much all one would need to put this sector back on a buy
2011-10-11 17:02:50 [Message] fib_1618 -> Chat: the XLI breadth MCSUM is now just above its zero line
2011-10-11 17:02:57 [Message] fib_1618 -> Chat: so one side is about to take control here as well
2011-10-11 17:03:05 [Message] fib_1618 -> Chat: but more than likely
2011-10-11 17:03:21 [Message] fib_1618 -> Chat: given the discrepancies noted on the broader market MCSUM's
2011-10-11 17:03:42 [Message] fib_1618 -> Chat: the better expectation here is for some sort of pause before proceeding
2011-10-11 17:04:21 [Message] fib_1618 -> Chat: even the XLB breadth MCSUM is back above its -500 level
2011-10-11 17:04:43 [Message] fib_1618 -> Chat: so we'll have to watch to see if the metals are bottoming here
2011-10-11 17:04:51 [Message] fib_1618 -> Chat: silver looks like a bottom
2011-10-11 17:04:53 [Message] fib_1618 -> Chat: copper too
2011-10-11 17:05:03 [Message] fib_1618 -> Chat: gold could use another test
2011-10-11 17:05:14 [Message] fib_1618 -> Chat: but there's so much liquidity being injected here
2011-10-11 17:05:28 [Message] fib_1618 -> Chat: we just don't know if another test is even needed
2011-10-11 17:06:09 [Message] fib_1618 -> Chat: the XLK price pattern closed at its highest levels since the August crash
2011-10-11 17:06:18 [Message] fib_1618 -> Chat: but the MCO is not confirming the breakout
2011-10-11 17:06:39 [Message] fib_1618 -> Chat: and the XLK breadth MCSUM is approaching its zero line
2011-10-11 17:06:51 [Message] fib_1618 -> Chat: so unless the bulls really step it up here
2011-10-11 17:07:08 [Message] fib_1618 -> Chat: we're going to see some sort of snapback within the range
2011-10-11 17:07:58 [Message] fib_1618 -> Chat: and the XLU breadth MCSUM has now tested its +250 level after breaking above it last week
2011-10-11 17:08:21 [Message] fib_1618 -> Chat: so we "should" see it continue to improve this week
2011-10-11 17:08:27 [Message] fib_1618 -> Chat: given it's structure and that the other defensive issues continue to build on their buy signals
2011-10-11 17:09:18 [Message] fib_1618 -> Chat: zero line test today on the XLU makes the near term somewhat important to the overall structure as well
2011-10-11 17:09:33 [Message] fib_1618 -> Chat: no less the series of declining tops on the MCO itself
2011-10-11 17:09:42 [Message] fib_1618 -> Chat: so...we continue to improve
2011-10-11 17:09:46 [Message] fib_1618 -> Chat: more to the point
2011-10-11 17:09:59 [Message] fib_1618 -> Chat: the bears continue to lose any control that they might have had back in August
2011-10-11 17:10:11 [Message] fib_1618 -> Chat: and now the odds are beginning to pile on in the bulls favor
2011-10-11 17:10:40 [Message] fib_1618 -> Chat: ideally, one more shake out would probably bring everything into better sync here
2011-10-11 17:10:42 [Message] fib_1618 -> Chat: but again
2011-10-11 17:10:49 [Message] fib_1618 -> Chat: we have so much money sloshing around there
2011-10-11 17:11:07 [Message] fib_1618 -> Chat: that it could be that we could see the internals play catch up this time around
2011-10-11 17:11:20 [Message] thespookyone -> Chat: why are the tops below tops on the MCO positive?
2011-10-11 17:11:34 [Message] fib_1618 -> Chat: though it would be highly unusual for something like this to happen regardless of monetary policy
2011-10-11 17:11:51 [Message] fib_1618 -> Chat: did I say that?
2011-10-11 17:11:54 [Message] fib_1618 -> Chat: let me see
2011-10-11 17:12:13 [Message] fib_1618 -> Chat: ah
2011-10-11 17:12:15 [Message] fib_1618 -> Chat: yes
2011-10-11 17:12:17 [Message] fib_1618 -> Chat: in this case
2011-10-11 17:12:27 [Message] fib_1618 -> Chat: they are bullish as long as we remain above the zero line
2011-10-11 17:12:29 [Message] fib_1618 -> Chat: remember
2011-10-11 17:12:34 [Message] fib_1618 -> Chat: think of the shuttle
2011-10-11 17:12:50 [Message] fib_1618 -> Chat: we get our largest burst of energy outflows when we leave the pad
2011-10-11 17:13:22 [Message] fib_1618 -> Chat: but we don't need as much fuel to move the vehicle forward the higher we move away from the bear market default (gravity)
2011-10-11 17:13:40 [Message] fib_1618 -> Chat: so there's always going to be divergence in either direction
2011-10-11 17:14:03 [Message] fib_1618 -> Chat: if there is a problem with the XLU
2011-10-11 17:14:21 [Message] fib_1618 -> Chat: is that we did move to "oversold" before this last top and ensuing zero line test today
2011-10-11 17:14:51 [Message] fib_1618 -> Chat: but that -50 level was a point of support to the velocity in which money was moving in and our of this sector
2011-10-11 17:15:14 [Message] fib_1618 -> Chat: to be sure
2011-10-11 17:15:27 [Message] fib_1618 -> Chat: until the XLU breadth MCSUM moves above the +500 level
2011-10-11 17:15:38 [Message] fib_1618 -> Chat: we're still not quite out of the woods there
2011-10-11 17:15:44 [Message] darris -> Chat: fib_1618 are you a fan or a follower of the Zweig breadth thrust indicator? if so, there is a very high probability that we will get one in the next for days if the advancing breadth is around 0.60 or so on average the next four days.
2011-10-11 17:16:12 [Message] fib_1618 -> Chat: thanks for that Darris
2011-10-11 17:16:21 [Message] fib_1618 -> Chat: am I fan?
2011-10-11 17:16:33 [Message] fib_1618 -> Chat: not as much as I was before decimalization
2011-10-11 17:16:41 [Message] fib_1618 -> Chat: no less
2011-10-11 17:16:51 [Message] fib_1618 -> Chat: computer trading
2011-10-11 17:17:31 [Message] fib_1618 -> Chat: we tend to get so many 9:1 and 10:1 thrusts in both directions now (thanks to not having the up tick rule anymore)
2011-10-11 17:17:33 [Message] darris -> Chat: Good point, but any more one sided days the next 4 days to the upside, and it will be a slam dunk as far as the math goes
2011-10-11 17:18:11 [Message] darris -> Chat: We are dropping off 3 very low breadth days out of the next 4
2011-10-11 17:18:17 [Message] fib_1618 -> Chat: that the thrust still works, but I would be open to "adjusting" the criteria to fit the current animal
2011-10-11 17:18:29 [Message] fib_1618 -> Chat: sort of like the TRIN
2011-10-11 17:19:19 [Message] fib_1618 -> Chat: a lot of the old thrust theories also had their basis of only buying a selective basket of stocks at one time
2011-10-11 17:19:26 [Message] darris -> Chat: I read an article someone posted at TT about one sided days, and yes, the last 4 years have seen them grow substantially and this year will probably be another record
2011-10-11 17:19:59 [Message] fib_1618 -> Chat: now with ETF's and electronic trading, I don't know if Zweig has as much of an impact as it has in the past
2011-10-11 17:20:23 [Message] fib_1618 -> Chat: yes...there's just too many for it to be meaningful
2011-10-11 17:20:27 [Message] fib_1618 -> Chat: look at August
2011-10-11 17:20:37 [Message] fib_1618 -> Chat: wasn't there a Zweig thrust then?
2011-10-11 17:20:46 [Message] fib_1618 -> Chat: also last Spring?
2011-10-11 17:21:16 [Message] darris -> Chat: brb, let me ck.  what index would you prefer I look at NYSE or NYA commons only, or spx?
2011-10-11 17:21:48 [Message] fib_1618 -> Chat: Do anyone know if Marty has made any comments on the subject of late?
2011-10-11 17:22:19 [Message] fib_1618 -> Chat: let's look at the broadest measure and what Marty and Norman Fosback would had used...the NYAD
2011-10-11 17:22:51 [Message] fib_1618 -> Chat: (is Marty still alive ?)
2011-10-11 17:22:56 [Message] darris -> Chat: No, I thought someone named appel had modified the work and was publishing something occasionally
2011-10-11 17:23:08 [Message] fib_1618 -> Chat: good...he is...whew
2011-10-11 17:23:09 [Message] darris -> Chat: Yes, I was wondering if he was still alive myself
2011-10-11 17:23:23 [Message] fib_1618 -> Chat: I only see that he was born
2011-10-11 17:23:26 [Message] fib_1618 -> Chat: no death
2011-10-11 17:23:49 [Message] fib_1618 -> Chat: he'll be 70 next year
2011-10-11 17:24:00 [Message] fib_1618 -> Chat: how time has passed
2011-10-11 17:24:12 [Message] fib_1618 -> Chat: remember him on Wall Street Week in the 80's?
2011-10-11 17:24:25 [Message] fib_1618 -> Chat: what was that indicator?
2011-10-11 17:24:53 [Message] fib_1618 -> Chat: WS indicator?
2011-10-11 17:24:56 [Message] fib_1618 -> Chat: the "elves"
2011-10-11 17:25:08 [Message] fib_1618 -> Chat: anyway
2011-10-11 17:25:52 [Message] fib_1618 -> Chat: I would venture to guess without doing any research that the Zweig thrusts of the last 4 years have it had tough going
2011-10-11 17:25:55 [Message] fib_1618 -> Chat: you know
2011-10-11 17:26:00 [Message] fib_1618 -> Chat: Randy would have the data
2011-10-11 17:26:14 [Message] fib_1618 -> Chat: he did a post on it back in 2005 or 2006
2011-10-11 17:26:22 [Message] fib_1618 -> Chat: it's somewhere on the TW message board
2011-10-11 17:26:43 [Message] fib_1618 -> Chat: anyway...I'm going to move on to the volume McClellan's
2011-10-11 17:27:19 [Message] darris -> Chat: after Aug 8th, on the NYSE composite, nearly 3000+ issues, it went from 27.7% to 52.5%.  That 10 day low on Aug 8th was one of the lowest in 85 years using Randy's Breadth data base from 1926
2011-10-11 17:27:49 [Message] fib_1618 -> Chat: yea...and the traditional MCO moved to all time lows too
2011-10-11 17:27:54 [Message] fib_1618 -> Chat: the problem today
2011-10-11 17:28:01 [Message] fib_1618 -> Chat: is that we have so many more issues that trade
2011-10-11 17:28:12 [Message] fib_1618 -> Chat: and that can have an effect on the data
2011-10-11 17:28:27 [Message] fib_1618 -> Chat: maybe smoothing it out might be a better way to look at this
2011-10-11 17:29:18 [Message] fib_1618 -> Chat: it would be something to play with though
2011-10-11 17:29:21 [Message] darris -> Chat: March 2009 went from 39.5% to 68.7%
2011-10-11 17:30:01 [Message] fib_1618 -> Chat: and much of what this tool gives us is...what...gives us our most punch 3-6 months out?
2011-10-11 17:30:17 [Message] fib_1618 -> Chat: I don't even remember
2011-10-11 17:30:24 [Message] darris -> Chat: Nov 2009 went from 37.6% to 61.1%
2011-10-11 17:30:38 [Message] fib_1618 -> Chat: so, I guess, it still works
2011-10-11 17:31:00 [Message] fib_1618 -> Chat: but for it to be important...maybe it needs to be "adjusted"
2011-10-11 17:31:08 [Message] fib_1618 -> Chat: ratio adjusted?
2011-10-11 17:31:14 [Message] darris -> Chat: Feb 2010 went from 37.5% to 54.1%
2011-10-11 17:31:52 [Message] darris -> Chat: June 2010 went from 35.5% to 53%
2011-10-11 17:32:43 [Message] fib_1618 -> Chat: well..one things for sure
2011-10-11 17:32:44 [Message] darris -> Chat: July 2010 went from 38.6% to 62.5%
2011-10-11 17:33:07 [Message] fib_1618 -> Chat: these pumps did move the markets higher
2011-10-11 17:33:09 [Message] fib_1618 -> Chat: so, yes,
2011-10-11 17:33:15 [Message] fib_1618 -> Chat: if we get another one
2011-10-11 17:33:24 [Message] fib_1618 -> Chat: it should be respected for what it may imply
2011-10-11 17:33:27 [Message] fib_1618 -> Chat: but keep in mind
2011-10-11 17:33:34 [Message] fib_1618 -> Chat: there's no instant gratification (generally speaking)
2011-10-11 17:34:18 [Message] darris -> Chat: Oct 3rd 2011 started from 39.951%, so just barely went below 40%. 4 more days to go before the final verdict is in
2011-10-11 17:34:22 [Message] fib_1618 -> Chat: anybody notice something on these percentages?
2011-10-11 17:34:36 [Message] fib_1618 -> Chat: thanks for bringing this up
2011-10-11 17:34:53 [Message] fib_1618 -> Chat: we'll have to watch this...maybe you can report on it on Thursday?
2011-10-11 17:34:59 [Message] darris -> Chat: When we had this discussion with the guy at TT he was following the spx.  It had a big one on March 30th 2011, but the NYSE composite did not
2011-10-11 17:35:31 [Message] darris -> Chat: Yes, I will notify you, as it could kick in in less than 10 days
2011-10-11 17:35:35 [Message] fib_1618 -> Chat: thanks
2011-10-11 17:35:39 [Message] fib_1618 -> Chat: and on the numbers
2011-10-11 17:35:52 [Message] fib_1618 -> Chat: interesting that they all seem to be within Fibonacci ratios
2011-10-11 17:35:56 [Message] fib_1618 -> Chat: .382 to .618
2011-10-11 17:36:23 [Message] fib_1618 -> Chat: any way...onward
2011-10-11 17:36:29 [Message] darris -> Chat: LOL, I did not notice, LOL  Some say we should use .666 but that is evil, LOL
2011-10-11 17:36:37 [Message] fib_1618 -> Chat:
2011-10-11 17:36:49 [Message] fib_1618 -> Chat: the larger the spread
2011-10-11 17:36:52 [Message] fib_1618 -> Chat: the more the push
2011-10-11 17:37:03 [Message] fib_1618 -> Chat: or more aptly speaking
2011-10-11 17:37:12 [Message] fib_1618 -> Chat: the better the thrust off the launch pad
2011-10-11 17:37:29 [Message] fib_1618 -> Chat: one things for sure
2011-10-11 17:37:54 [Message] fib_1618 -> Chat: something special will need to happen just so we can break above the declining tops line on the NYAD line
2011-10-11 17:38:05 [Message] fib_1618 -> Chat: and that could be part of the whole thrust issue
2011-10-11 17:38:14 [Message] fib_1618 -> Chat: we'll see
2011-10-11 17:38:33 [Message] fib_1618 -> Chat: small point change on the CO NYSE volume MCO
2011-10-11 17:38:52 [Message] fib_1618 -> Chat: and we're now above the -500 level on the CO NYSE volume MCSUM
2011-10-11 17:38:58 [Message] fib_1618 -> Chat: so we're getting some confirmation here
2011-10-11 17:39:25 [Message] fib_1618 -> Chat: small point change as well on the composite volume MCO
2011-10-11 17:39:39 [Message] fib_1618 -> Chat: with the NYSE composite volume MCSUM leading breadth to the upside
2011-10-11 17:39:48 [Message] fib_1618 -> Chat: which is what we want to see happen for our bottom
2011-10-11 17:40:07 [Message] fib_1618 -> Chat: small point change as well on the NASDAQ volume MCO
2011-10-11 17:40:20 [Message] fib_1618 -> Chat: with the NASDAQ volume MCSUM up against prior resistance
2011-10-11 17:40:28 [Message] fib_1618 -> Chat: volume is looking good here
2011-10-11 17:40:40 [Message] fib_1618 -> Chat: in spite of the worry that it's somehow "too low" to be important
2011-10-11 17:41:01 [Message] fib_1618 -> Chat: another small point change here on the NDX volume MCO
2011-10-11 17:41:37 [Message] fib_1618 -> Chat: and the NDX volume MCSUM is moving in sync with its breadth cousin here moving above its zero line today
2011-10-11 17:41:55 [Message] fib_1618 -> Chat: another small point change in the SPX
2011-10-11 17:42:32 [Message] fib_1618 -> Chat: and we're getting very good post expansion now to the upside in the SPX volume MCSUM
2011-10-11 17:42:57 [Message] fib_1618 -> Chat: and really good upside expansion on the OEX volume MCSUM
2011-10-11 17:43:16 [Message] fib_1618 -> Chat: small point change on the Dow volume MCO
2011-10-11 17:43:22 [Message] fib_1618 -> Chat: good MCSUM post expansion here too
2011-10-11 17:43:34 [Message] fib_1618 -> Chat: also on the MID
2011-10-11 17:43:55 [Message] fib_1618 -> Chat: and a breakout to new highs on the MID volume MCSUM
2011-10-11 17:44:13 [Message] fib_1618 -> Chat: same with the SML breadth MCSUM
2011-10-11 17:44:32 [Message] fib_1618 -> Chat: and a small point change on the TM volume MCO
2011-10-11 17:44:47 [Message] fib_1618 -> Chat: with the TM volume MCSUM more than likely moving to higher highs tomorrow
2011-10-11 17:44:48 [Message] fib_1618 -> Chat: so...
2011-10-11 17:44:52 [Message] fib_1618 -> Chat: if you're short here
2011-10-11 17:45:00 [Message] fib_1618 -> Chat: be very careful
2011-10-11 17:45:21 [Message] fib_1618 -> Chat: as we now getting good bullish conviction as measured by volume plurality
2011-10-11 17:45:29 [Message] fib_1618 -> Chat: and as long as this leads
2011-10-11 17:45:52 [Message] fib_1618 -> Chat: we must be open to the probability that the lows we saw last Tuesday are, in fact, our correctional lows
2011-10-11 17:46:26 [Message] fib_1618 -> Chat: where only a retest of these same lows is the best option for both sides
2011-10-11 17:46:35 [Message] fib_1618 -> Chat: this is tough
2011-10-11 17:47:11 [Message] fib_1618 -> Chat: but this problem with the broader market breadth MCSUM's still allows for one more swoon here
2011-10-11 17:47:48 [Message] fib_1618 -> Chat: now...let's see what these small point changes in the volume MCO's might look like in the next couple of days
2011-10-11 17:48:33 [Message] fib_1618 -> Chat: CVI's are now churning
2011-10-11 17:48:38 [Message] fib_1618 -> Chat: no real help there
2011-10-11 17:48:48 [Message] fib_1618 -> Chat: STVO's are "overbought"
2011-10-11 17:49:03 [Message] fib_1618 -> Chat: so that puts the weight of these small point changes to a downside resolution
2011-10-11 17:49:37 [Message] fib_1618 -> Chat: and the VTO's are showing that a trend to the upside might be getting underway
2011-10-11 17:50:13 [Message] fib_1618 -> Chat: overall then....
2011-10-11 17:50:26 [Message] fib_1618 -> Chat: if we look at the price charts shown with the volume oscillators
2011-10-11 17:50:45 [Message] fib_1618 -> Chat: all we have for now...with all of this continued mix of indicators here
2011-10-11 17:50:58 [Message] fib_1618 -> Chat: is that we have expanded the horizontal trading range
2011-10-11 17:51:00 [Message] fib_1618 -> Chat: for the SPX
2011-10-11 17:51:14 [Message] fib_1618 -> Chat: 1100/1200 is the range there
2011-10-11 17:51:29 [Message] fib_1618 -> Chat: for the OEX 500/540
2011-10-11 17:51:51 [Message] fib_1618 -> Chat: for the Dow 10,600/11,500
2011-10-11 17:52:07 [Message] fib_1618 -> Chat: for the NDX 2025/2300
2011-10-11 17:52:24 [Message] fib_1618 -> Chat: and until we get a breakout here
2011-10-11 17:52:30 [Message] fib_1618 -> Chat: we're pretty much still stuck
2011-10-11 17:52:56 [Message] fib_1618 -> Chat: and since we are now "overbought" short term via the STVO
2011-10-11 17:53:08 [Message] fib_1618 -> Chat: it may be time for a trip in the other direction again
2011-10-11 17:53:29 [Message] fib_1618 -> Chat: kind of gives the feeling that we're might be stuck for another couple of weeks
2011-10-11 17:53:37 [Message] fib_1618 -> Chat: could change tomorrow
2011-10-11 17:53:46 [Message] fib_1618 -> Chat: but that's the best the data is giving me here
2011-10-11 17:54:02 [Message] fib_1618 -> Chat: NYSE TRIN at .93
2011-10-11 17:54:11 [Message] fib_1618 -> Chat: Open 10 at .99
2011-10-11 17:54:24 [Message] fib_1618 -> Chat: on the door step of being minimally "oversold"
2011-10-11 17:54:41 [Message] fib_1618 -> Chat: NASDAQ TRIN at .99
2011-10-11 17:54:49 [Message] fib_1618 -> Chat: Open 10 at .94
2011-10-11 17:55:02 [Message] fib_1618 -> Chat: TM TRIN at .92
2011-10-11 17:55:12 [Message] fib_1618 -> Chat: Open 10 at .96
2011-10-11 17:55:15 [Message] fib_1618 -> Chat: so....
2011-10-11 17:55:27 [Message] fib_1618 -> Chat: the Open 10's are not "overbought"
2011-10-11 17:55:46 [Message] fib_1618 -> Chat: but they are "oversold" enough to keep things from falling apart
2011-10-11 17:55:55 [Message] fib_1618 -> Chat: tough call here
2011-10-11 17:56:08 [Message] fib_1618 -> Chat: ideas?
2011-10-11 17:57:07 [Message] thespookyone -> Chat: if we bottomed ,we WILL go retest it, imho
2011-10-11 17:57:18 [Message] fib_1618 -> Chat: or at least retrace
2011-10-11 17:57:29 [Message] fib_1618 -> Chat: but if we've run out of sellers
2011-10-11 17:57:36 [Message] fib_1618 -> Chat: we don't need to challenge
2011-10-11 17:57:41 [Message] fib_1618 -> Chat: just shake people up
2011-10-11 17:57:57 [Message] fib_1618 -> Chat: sort of like a 2nd wave
2011-10-11 17:58:01 [Message] thespookyone -> Chat: 1st wave off the bottom, the retrace would be a fair one-oils can easily take us
2011-10-11 17:58:08 [Message] fib_1618 -> Chat: make if "feel" worse than it is but at a higher level
2011-10-11 17:58:14 [Message] thespookyone -> Chat: yes, I'm feeling 2nd wave
2011-10-11 17:58:44 [Message] fib_1618 -> Chat: maybe push it back to the 1125 level...
2011-10-11 17:58:47 [Message] thespookyone -> Chat: and, I'm hallucinating a finished ending diagonal behind us, fwiw
2011-10-11 17:59:00 [Message] fib_1618 -> Chat: what time period?
2011-10-11 17:59:09 [Message] thespookyone -> Chat: daily
2011-10-11 17:59:16 [Message] thespookyone -> Chat: it's sloppy, but...
2011-10-11 17:59:24 [Message] fib_1618 -> Chat: sloppy it is
2011-10-11 17:59:27 [Message] fib_1618 -> Chat: maybe
2011-10-11 17:59:42 [Message] fib_1618 -> Chat: I'm going to wait for more information before I give a count here
2011-10-11 17:59:44 [Message] fib_1618 -> Chat: at this point
2011-10-11 17:59:58 [Message] fib_1618 -> Chat: we've done what we needed to see for a "B" wave
2011-10-11 18:00:12 [Message] fib_1618 -> Chat: though the structure isn't quite right
2011-10-11 18:00:15 [Message] fib_1618 -> Chat: the internals have been
2011-10-11 18:01:02 [Message] fib_1618 -> Chat: let's also keep in mind
2011-10-11 18:01:15 [Message] fib_1618 -> Chat: that this is our "ideal" week for a tradable bottom
2011-10-11 18:01:19 [Message] fib_1618 -> Chat: so we'll see how it goes
2011-10-11 18:01:32 [Message] thespookyone -> Chat: all those moves looked abc, the 4 would have overlapped the 1, the 5 would have broken the bottom trendline ove the 1 and 3-just saying....
2011-10-11 18:01:45 [Message] fib_1618 -> Chat: can't disagree
2011-10-11 18:01:54 [Message] fib_1618 -> Chat: but we have to let the pattern unwind here
2011-10-11 18:02:03 [Message] thespookyone -> Chat: and, given the situation and reversal...
2011-10-11 18:02:04 [Message] fib_1618 -> Chat: and since we blew out 1175 yesterday
2011-10-11 18:02:13 [Message] fib_1618 -> Chat: I'm not going to walk in front of that train
2011-10-11 18:02:24 [Message] thespookyone -> Chat: oh, I'm waiting-but looking for my next ponys, LOL
2011-10-11 18:02:35 [Message] fib_1618 -> Chat: yesterday was not expected
2011-10-11 18:02:42 [Message] fib_1618 -> Chat: maybe a little rally
2011-10-11 18:02:45 [Message] fib_1618 -> Chat: but not 3%
2011-10-11 18:03:19 [Message] fib_1618 -> Chat: this sends a resounding message that we are, in fact, close to or already have, bottomed
2011-10-11 18:03:54 [Message] fib_1618 -> Chat: one thing I'm quite sure of
2011-10-11 18:04:04 [Message] fib_1618 -> Chat: by the end of next week we will know for sure
2011-10-11 18:04:18 [Message] fib_1618 -> Chat: anything else?
2011-10-11 18:04:27 [Message] thespookyone -> Chat: yes, I'm watching how individual stocks are patterning and behaving-some have VERY clear 5's off the bottom
2011-10-11 18:04:35 [Message] fib_1618 -> Chat: not only that
2011-10-11 18:04:44 [Message] fib_1618 -> Chat: they have very clear 5's into last week's lows
2011-10-11 18:04:47 [Message] thespookyone -> Chat: when they correct, I'm probably real interested
2011-10-11 18:04:50 [Message] darris -> Chat: BPs and PMMs have exploded to the upside the last two days.  I see a lot of real money still short at proshares and think the options data shows the puts were loaded up on.
2011-10-11 18:05:08 [Message] fib_1618 -> Chat: oh yea
2011-10-11 18:05:11 [Message] fib_1618 -> Chat: that reminds me
2011-10-11 18:05:18 [Message] fib_1618 -> Chat: with the 300 point Dow rally yesterday
2011-10-11 18:05:27 [Message] fib_1618 -> Chat: the ISEE number was something like 65
2011-10-11 18:05:35 [Message] fib_1618 -> Chat: I just laughed out loud!
2011-10-11 18:05:40 [Message] thespookyone -> Chat: I think the key Darris is they might not let off-creating a decent length rally
2011-10-11 18:06:00 [Message] fib_1618 -> Chat: one of these times
2011-10-11 18:06:03 [Message] fib_1618 -> Chat: and it maybe this time
2011-10-11 18:06:20 [Message] fib_1618 -> Chat: all of this shorting and put buying at the top of the range is going to be wrong
2011-10-11 18:06:38 [Message] fib_1618 -> Chat: just like all the call buying was at 1120 before we broke lower last week
2011-10-11 18:07:12 [Message] thespookyone -> Chat: a correction, though, might amplify the put buying-what a fuel stocking..
2011-10-11 18:07:20 [Message] fib_1618 -> Chat: yeppers
2011-10-11 18:07:32 [Message] fib_1618 -> Chat: we just need a big price shake out
2011-10-11 18:07:40 [Message] fib_1618 -> Chat: with little in the way of movement in the breadth numbers
2011-10-11 18:07:46 [Message] fib_1618 -> Chat: and THAT should do it
2011-10-11 18:07:47 [Message] darris -> Chat: Jeff Hirsch at the almanac, has had the hot hand this year, and is pushing the MACD October buy that signaled last week.  Maybe Thursday
2011-10-11 18:08:06 [Message] fib_1618 -> Chat: not going to argue
2011-10-11 18:08:08 [Message] fib_1618 -> Chat: there are many areas saying bottom here...we just need some additional confirmation that the any rally will be able to hold its structure
2011-10-11 18:08:15 [Message] fib_1618 -> Chat: we all see what's going on here
2011-10-11 18:08:28 [Message] fib_1618 -> Chat: and we all know that the MCSUM suggested this to be the window for a bottom
2011-10-11 18:08:38 [Message] fib_1618 -> Chat: we just have some quirks to work out
2011-10-11 18:08:48 [Message] fib_1618 -> Chat: in any event
2011-10-11 18:08:51 [Message] fib_1618 -> Chat: I'm going to take off
2011-10-11 18:08:58 [Message] fib_1618 -> Chat: everyone have a great couple of days
2011-10-11 18:09:05 [Message] fib_1618 -> Chat: and we'll see how things are on Thursday
2011-10-11 18:09:05 [Message] thespookyone -> Chat: thx
2011-10-11 18:09:07 [Message] tracca -> Chat: thank you
2011-10-11 18:09:08 [Message] fib_1618 -> Chat: good night
2011-10-11 18:10:06 [Message] darris -> Chat: In many ways, the big up and down after the 20% correction into Aug 8th is very similar to the summer of 2010, but that lasted a lot longer.  Here we are just over a couple of months or 10 weeks since we rolled over into the Aug 8th crash event.
2011-10-11 18:11:49 [Message] darris -> Chat: The DAX has a lot of similarities to the spx 1987 crash wave as well.  especially in time now.

__________________
Dave's LinkedIn Profile

Technical Watch Twitter Page

Technical Watch Facebook Page

"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

0
Previous Topic | Next Topic
Print
Reply

Quick Navigation:






Copyright 2000-2017 Technical Watch