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fib_1618

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Reply with quote  #1 
2012-10-18 16:00:01 [Message] fib_1618 -> Chat: good day
2012-10-18 16:00:10 [Message] fib_1618 -> Chat: (well, maybe not for Google )
2012-10-18 16:00:14 [Message] fib_1618 -> Chat: how is everyone?
2012-10-18 16:00:25 [Message] thespookyone -> Chat: Great, and you?
2012-10-18 16:00:39 [Message] manuj -> Chat: good - bad earnings killing some stocks.
2012-10-18 16:00:46 [Message] fib_1618 -> Chat: like most times before a business trip...rushed..but hanging in there!
2012-10-18 16:00:47 [Message] manuj -> Chat: everyone and their grandma is bearish
2012-10-18 16:00:56 [Message] fib_1618 -> Chat:
2012-10-18 16:01:23 [Message] thespookyone -> Chat: early accidental release on Google-fun to see a report trading during real volume
2012-10-18 16:01:43 [Message] fib_1618 -> Chat: yea...and a halt for an hour I hear
2012-10-18 16:01:47 [Message] manuj -> Chat: accident or conspiracy
2012-10-18 16:01:50 [Message] thespookyone -> Chat: yes
2012-10-18 16:02:17 [Message] fib_1618 -> Chat: maybe both
2012-10-18 16:02:30 [Message] fib_1618 -> Chat: guess it depends on what side of the trade you're on
2012-10-18 16:02:35 [Message] thespookyone -> Chat: to be honest, watching my own trades, I didn't even notice it till 2:00
2012-10-18 16:02:45 [Message] fib_1618 -> Chat: yup
2012-10-18 16:03:04 [Message] fib_1618 -> Chat: and it hit the index that still didn't break out to new highs yet the hardest...the NDX
2012-10-18 16:03:22 [Message] fib_1618 -> Chat: let me look to see how we settled
2012-10-18 16:03:53 [Message] fib_1618 -> Chat: Dow down a fraction
2012-10-18 16:03:58 [Message] fib_1618 -> Chat: SPX down .25%
2012-10-18 16:04:03 [Message] fib_1618 -> Chat: and the NASDAQ down 1%
2012-10-18 16:04:11 [Message] fib_1618 -> Chat: a little out of sync
2012-10-18 16:04:13 [Message] fib_1618 -> Chat:
2012-10-18 16:04:28 [Message] thespookyone -> Chat: I noticed no money went to the bonds...
2012-10-18 16:04:31 [Message] fib_1618 -> Chat: meanwhile
2012-10-18 16:04:45 [Message] fib_1618 -> Chat: NYSE breadth was basically flat - 1482/1545
2012-10-18 16:04:55 [Message] fib_1618 -> Chat: so we might have some small point changes tonight
2012-10-18 16:05:07 [Message] fib_1618 -> Chat: also hit was the technology sector
2012-10-18 16:05:16 [Message] fib_1618 -> Chat: the same one that was "correcting" yesterday (XLK)
2012-10-18 16:05:25 [Message] fib_1618 -> Chat: and so it goes
2012-10-18 16:05:44 [Message] fib_1618 -> Chat: well...at least GOOG is out of the way now
2012-10-18 16:06:12 [Message] fib_1618 -> Chat: and up $5 after hours
2012-10-18 16:06:14 [Message] thespookyone -> Chat: popped $34 off the initial drop
2012-10-18 16:06:28 [Message] fib_1618 -> Chat: yea...looking at it now
2012-10-18 16:06:32 [Message] fib_1618 -> Chat: bounced at $675
2012-10-18 16:07:15 [Message] fib_1618 -> Chat: anyway...a little excitement for the bears to chew on
2012-10-18 16:07:21 [Message] fib_1618 -> Chat: to keep the worry intact 
2012-10-18 16:07:47 [Message] fib_1618 -> Chat: other than that...it would had been pretty much an expected day
2012-10-18 16:07:58 [Message] fib_1618 -> Chat: OK...let me get DP up and we'll get cracking
2012-10-18 16:08:27 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO moved slightly lower today
2012-10-18 16:08:32 [Message] fib_1618 -> Chat: pretty much expected
2012-10-18 16:09:09 [Message] fib_1618 -> Chat: and the bulls still enjoy a nice gap between the 10% and 5% components
2012-10-18 16:09:22 [Message] fib_1618 -> Chat: that could narrow a bit more tomorrow as we go into OPEX
2012-10-18 16:09:47 [Message] fib_1618 -> Chat: but it should maintain a constructive pattern for the near term
2012-10-18 16:10:16 [Message] fib_1618 -> Chat: also a small snapback on the composite NYSE breadth MCO as well
2012-10-18 16:10:28 [Message] fib_1618 -> Chat: looks like a standard pause at this point
2012-10-18 16:10:50 [Message] fib_1618 -> Chat: but the bulls shouldn't hang around too long
2012-10-18 16:11:13 [Message] fib_1618 -> Chat: as they still need to show some additional conviction here to keep the ball rolling in their direction
2012-10-18 16:11:44 [Message] fib_1618 -> Chat: right now...we still look like we're forming a ledge on the NYSE composite breadth MCSUM
2012-10-18 16:11:58 [Message] fib_1618 -> Chat: where we need to see post expansion to the upside to break this pattern
2012-10-18 16:12:16 [Message] fib_1618 -> Chat: mid range close on the NYA
2012-10-18 16:13:00 [Message] fib_1618 -> Chat: but it might be part of a hesitation given the last couple of days of upside gaps instead of suggesting a down close on Friday
2012-10-18 16:13:58 [Message] Issac -> Chat: so a mid range close is seen as a change of direction? like a doji?
2012-10-18 16:14:08 [Message] fib_1618 -> Chat: the NASDAQ breadth MCO got hit pretty hard today
2012-10-18 16:14:49 [Message] fib_1618 -> Chat: well..I don't speak Japanese
2012-10-18 16:14:59 [Message] fib_1618 -> Chat: but Range Days are pretty good short term indicators
2012-10-18 16:15:17 [Message] fib_1618 -> Chat: they include...the mid range, inside range and outside range
2012-10-18 16:15:48 [Message] fib_1618 -> Chat: during trending structures, they indicate a change in direction is likely for the next day only
2012-10-18 16:15:56 [Message] fib_1618 -> Chat: it could turn into much more
2012-10-18 16:16:03 [Message] Issac -> Chat: ok
2012-10-18 16:16:06 [Message] fib_1618 -> Chat: but the indication is for the next day only
2012-10-18 16:16:06 [Message] Issac -> Chat: thanks
2012-10-18 16:16:32 [Message] fib_1618 -> Chat: if you look on the Technical Watch message board, under "Technically Speaking", I wrote a primer on it several years ago
2012-10-18 16:17:01 [Message] fib_1618 -> Chat: the primer also explains what needs to be done for a "Key Reversal" bar to take place
2012-10-18 16:17:12 [Message] fib_1618 -> Chat: which is a very rare bar
2012-10-18 16:17:17 [Message] fib_1618 -> Chat: anywho...
2012-10-18 16:17:51 [Message] Issac -> Chat: found them....thanks!
2012-10-18 16:17:51 [Message] fib_1618 -> Chat: the indication of the range day is that the price chart will CLOSE in the opposite direction of the close that came immediately before the range bar
2012-10-18 16:17:54 [Message] fib_1618 -> Chat: in this case
2012-10-18 16:18:06 [Message] fib_1618 -> Chat: since yesterday closed higher on the NYA
2012-10-18 16:18:19 [Message] fib_1618 -> Chat: the indication is for a lower CLOSE on Friday
2012-10-18 16:18:34 [Message] fib_1618 -> Chat: but you have to be very careful of the context of these range bars
2012-10-18 16:18:48 [Message] fib_1618 -> Chat: what you will find over time is that during strongly trending sequences
2012-10-18 16:19:02 [Message] fib_1618 -> Chat: that the market takes a "breather on the fly" and closes mid range
2012-10-18 16:19:37 [Message] fib_1618 -> Chat: it's an opportunity for both sides to decide if prices are fairly valued after what usually is an emotional run
2012-10-18 16:19:58 [Message] fib_1618 -> Chat: lots of short covering or buying because of a news event (usually)
2012-10-18 16:20:02 [Message] fib_1618 -> Chat: or sometimes
2012-10-18 16:20:19 [Message] fib_1618 -> Chat: it can come if a market is deeply "oversold" or "overbought"
2012-10-18 16:20:25 [Message] fib_1618 -> Chat: if it's a pause
2012-10-18 16:20:38 [Message] fib_1618 -> Chat: we usually see a quick resumption the next day in the direction of the sequence
2012-10-18 16:20:42 [Message] fib_1618 -> Chat: if we chop around
2012-10-18 16:21:01 [Message] fib_1618 -> Chat: then the indication is for the forecasted close based on the theory
2012-10-18 16:21:55 [Message] fib_1618 -> Chat: so the important thing here is that it's based on the next days CLOSE and its only for that next day only
2012-10-18 16:22:07 [Message] fib_1618 -> Chat: nothing further
2012-10-18 16:22:13 [Message] Issac -> Chat: GOT IT
2012-10-18 16:22:33 [Message] fib_1618 -> Chat: you would use other indicators and analytical tools to determine how important the range pattern actually is
2012-10-18 16:22:43 [Message] fib_1618 -> Chat: in this case
2012-10-18 16:22:53 [Message] fib_1618 -> Chat: we have seen the MCO's move to higher highs in the past couple of days
2012-10-18 16:23:24 [Message] fib_1618 -> Chat: and we have had a significant reversal from an "oversold" point in the pattern
2012-10-18 16:23:46 [Message] fib_1618 -> Chat: so the expectation is more in keeping of a pause than it would be that we close lower on Friday
2012-10-18 16:24:15 [Message] fib_1618 -> Chat: it's a fun and useful indicator...especially if you day trade
2012-10-18 16:24:32 [Message] fib_1618 -> Chat: and as mentioned
2012-10-18 16:24:44 [Message] fib_1618 -> Chat: can be quite important for those who trade weekly or even monthly as well
2012-10-18 16:24:48 [Message] fib_1618 -> Chat: it all depends on the context
2012-10-18 16:24:53 [Message] fib_1618 -> Chat: OK...back to the charts
2012-10-18 16:25:03 [Message] fib_1618 -> Chat: as we talked about yesterday
2012-10-18 16:25:09 [Message] thespookyone -> Chat: opex in play, too-as you mentioned yesterday
2012-10-18 16:25:25 [Message] fib_1618 -> Chat: true...but much of that is probably behind us now
2012-10-18 16:25:54 [Message] fib_1618 -> Chat: and the speculators who bought puts last week are probably having their 5th scotch - neat - right now
2012-10-18 16:26:03 [Message] fib_1618 -> Chat:
2012-10-18 16:26:09 [Message] thespookyone -> Chat: LOL
2012-10-18 16:26:31 [Message] fib_1618 -> Chat: "how can Goog be down 10% and still the market closed close to flat?"
2012-10-18 16:26:54 [Message] fib_1618 -> Chat: "I need to stop trading options"
2012-10-18 16:27:01 [Message] thespookyone -> Chat: I know I closed my only put quickly this morning
2012-10-18 16:27:08 [Message] fib_1618 -> Chat: "Bartender...another shot please!"
2012-10-18 16:27:24 [Message] fib_1618 -> Chat: hey...your Apple puts...you still have them from the 50 day EMA?
2012-10-18 16:27:43 [Message] thespookyone -> Chat: closed them this morning-triple and change
2012-10-18 16:27:58 [Message] fib_1618 -> Chat: good job
2012-10-18 16:27:59 [Message] thespookyone -> Chat: left some on the table
2012-10-18 16:28:02 [Message] thespookyone -> Chat: thx
2012-10-18 16:28:21 [Message] fib_1618 -> Chat: and another technical trade
2012-10-18 16:28:28 [Message] fib_1618 -> Chat: no emotion
2012-10-18 16:28:33 [Message] thespookyone -> Chat: old school...
2012-10-18 16:28:38 [Message] fib_1618 -> Chat: you break the 20...find support at the 50
2012-10-18 16:28:49 [Message] fib_1618 -> Chat: snapback to the 20 - you break the 50...and then snapback to the 50
2012-10-18 16:28:54 [Message] fib_1618 -> Chat: now it gets tricky
2012-10-18 16:29:08 [Message] thespookyone -> Chat: that's why the quick exit!
2012-10-18 16:29:16 [Message] fib_1618 -> Chat: the easy money was made...yes
2012-10-18 16:29:24 [Message] fib_1618 -> Chat: but if you look at the daily chart
2012-10-18 16:29:34 [Message] fib_1618 -> Chat: you will see that volume is now drying up on the downside
2012-10-18 16:29:42 [Message] thespookyone -> Chat: shorts on ANYTHING have to be hit and run here
2012-10-18 16:29:58 [Message] fib_1618 -> Chat: so it's not likely that Apple is going to make a run to the 200 day EMA
2012-10-18 16:30:05 [Message] fib_1618 -> Chat: and one should be looking for a buy point
2012-10-18 16:30:09 [Message] thespookyone -> Chat: nope, not in my book
2012-10-18 16:30:12 [Message] fib_1618 -> Chat: yes
2012-10-18 16:30:31 [Message] fib_1618 -> Chat: in fact
2012-10-18 16:30:39 [Message] fib_1618 -> Chat: Apple is on a SAR buy signal now
2012-10-18 16:31:00 [Message] thespookyone -> Chat: wow, but I'd be looking to buy, not sell, as you said
2012-10-18 16:31:02 [Message] fib_1618 -> Chat: if you check the chart though
2012-10-18 16:31:11 [Message] fib_1618 -> Chat: you now have both the 20 and 50 day EMA converging there
2012-10-18 16:31:19 [Message] fib_1618 -> Chat: and that will provide double resistance
2012-10-18 16:31:38 [Message] fib_1618 -> Chat: and here's the more important thing in which many technicians don't get
2012-10-18 16:31:46 [Message] fib_1618 -> Chat: when you have a strong trend
2012-10-18 16:31:51 [Message] fib_1618 -> Chat: either higher or lower
2012-10-18 16:32:00 [Message] fib_1618 -> Chat: there's bound to be corrective points in the pattern
2012-10-18 16:32:17 [Message] fib_1618 -> Chat: so that the shorter term EMA can relax enough to test the intermediate term EMA
2012-10-18 16:32:35 [Message] fib_1618 -> Chat: we see this all the time in the cumulative breadth and volume charts
2012-10-18 16:32:43 [Message] thespookyone -> Chat: an EMA back kiss there might cause a reaction...
2012-10-18 16:32:50 [Message] fib_1618 -> Chat: and when the stronger trend is still the path of least resistance
2012-10-18 16:33:08 [Message] fib_1618 -> Chat: once the shorter term EMA (20 day) moves to or just below the intermediate term EMA (50 day)
2012-10-18 16:33:46 [Message] fib_1618 -> Chat: you need to start looking for divergences to decide if this is a correction and a bottom is forming or was it a top??
2012-10-18 16:34:02 [Message] fib_1618 -> Chat: nonetheless
2012-10-18 16:34:10 [Message] thespookyone -> Chat: oscillators?
2012-10-18 16:34:22 [Message] fib_1618 -> Chat: prices tend to be drawn to such convergences like metal to a magnet
2012-10-18 16:34:33 [Message] fib_1618 -> Chat: can be...like the RSI
2012-10-18 16:34:39 [Message] fib_1618 -> Chat: or the ROC
2012-10-18 16:34:43 [Message] fib_1618 -> Chat: or...
2012-10-18 16:34:54 [Message] fib_1618 -> Chat: the simplicity of looking at volume to price
2012-10-18 16:35:06 [Message] fib_1618 -> Chat: if, for example, volume continues to decrease on the down days here
2012-10-18 16:35:20 [Message] fib_1618 -> Chat: this shouts out to you that much of all of the willing sellers are done
2012-10-18 16:35:36 [Message] fib_1618 -> Chat: and that the rest are holding here waiting for a buy point
2012-10-18 16:35:47 [Message] fib_1618 -> Chat: or just holding...not going to sell under any condition
2012-10-18 16:36:00 [Message] fib_1618 -> Chat: look further at the daily pattern
2012-10-18 16:36:26 [Message] fib_1618 -> Chat: and you'll see that prices have now snapped back to what where the old highs of July
2012-10-18 16:36:55 [Message] fib_1618 -> Chat: so you would think that there's going to be some support here
2012-10-18 16:37:09 [Message] fib_1618 -> Chat: what's happening next week with Apple?
2012-10-18 16:37:24 [Message] fib_1618 -> Chat: their introduction of the mini iPad
2012-10-18 16:37:27 [Message] thespookyone -> Chat: earnings
2012-10-18 16:37:33 [Message] fib_1618 -> Chat: yes...and earnings
2012-10-18 16:37:45 [Message] fib_1618 -> Chat: but again
2012-10-18 16:37:51 [Message] fib_1618 -> Chat: Apple is the decoy here
2012-10-18 16:37:54 [Message] fib_1618 -> Chat: at least so far
2012-10-18 16:38:08 [Message] fib_1618 -> Chat: but if the bears want to point to something
2012-10-18 16:38:41 [Message] thespookyone -> Chat: a great mover for us short term options players, though -and the EMA setups were all 3 gold
2012-10-18 16:38:43 [Message] fib_1618 -> Chat: why not point to the one stock that has increased 7 fold since the 2009 lows?
2012-10-18 16:38:55 [Message] fib_1618 -> Chat: it was TA 101
2012-10-18 16:39:01 [Message] thespookyone -> Chat: yep
2012-10-18 16:39:04 [Message] fib_1618 -> Chat: when I used to teach this stuff at UCLA extension
2012-10-18 16:39:24 [Message] fib_1618 -> Chat: the first thing we always did was work with price, volume and moving averages
2012-10-18 16:39:30 [Message] fib_1618 -> Chat: nothing else is really needed
2012-10-18 16:39:32 [Message] fib_1618 -> Chat: even today
2012-10-18 16:39:32 [Message] thespookyone -> Chat: too many are trading fundamentals 301, LOL
2012-10-18 16:39:36 [Message] fib_1618 -> Chat: lol
2012-10-18 16:39:56 [Message] fib_1618 -> Chat: you mean that have a 3rd year course?
2012-10-18 16:40:03 [Message] thespookyone -> Chat: I've reverted a bit, keeping it real simple-no cuteness
2012-10-18 16:40:06 [Message] fib_1618 -> Chat: anyway
2012-10-18 16:40:15 [Message] fib_1618 -> Chat: everyone has to remember
2012-10-18 16:40:20 [Message] fib_1618 -> Chat: that up until the 1960's
2012-10-18 16:40:29 [Message] fib_1618 -> Chat: a technician was just a chartist
2012-10-18 16:40:38 [Message] fib_1618 -> Chat: some worked with bar format
2012-10-18 16:40:47 [Message] fib_1618 -> Chat: others worked with Point and Figure
2012-10-18 16:40:56 [Message] fib_1618 -> Chat: Candlesticks were nowhere to be found
2012-10-18 16:41:08 [Message] thespookyone -> Chat: bar graph paper and pencil
2012-10-18 16:41:22 [Message] fib_1618 -> Chat: yep..I recommend that for at least 2 years
2012-10-18 16:41:30 [Message] fib_1618 -> Chat: forget software
2012-10-18 16:41:33 [Message] thespookyone -> Chat: it's great!
2012-10-18 16:42:00 [Message] fib_1618 -> Chat: the problem with software is that it can NEVER anticipate the one thing that makes the market fun and entertaining day in and day out
2012-10-18 16:42:12 [Message] fib_1618 -> Chat: and that is the human element of emotion
2012-10-18 16:42:20 [Message] thespookyone -> Chat: I don't use software, except for drawing lines or oscillators and indicators - don't believe in it
2012-10-18 16:42:29 [Message] fib_1618 -> Chat: I don't have any either
2012-10-18 16:42:36 [Message] fib_1618 -> Chat: I just read the charts at SC and DP
2012-10-18 16:43:07 [Message] fib_1618 -> Chat: and why I believe it's important that I don't look at anything on chat days until we review the markets
2012-10-18 16:43:24 [Message] fib_1618 -> Chat: that way I share my raw observations
2012-10-18 16:43:27 [Message] fib_1618 -> Chat: for better or worse
2012-10-18 16:43:41 [Message] fib_1618 -> Chat: but they tend to be "OK"
2012-10-18 16:43:46 [Message] fib_1618 -> Chat: onward
2012-10-18 16:43:47 [Message] thespookyone -> Chat: BET
2012-10-18 16:43:58 [Message] fib_1618 -> Chat: back to the NASDAQ breadth MCO
2012-10-18 16:44:19 [Message] fib_1618 -> Chat: and our reminding ourselves that it's not only important to move above the previous highs
2012-10-18 16:44:42 [Message] fib_1618 -> Chat: but until you take out an blip resistance areas, that market is still vulnerable to a recoil
2012-10-18 16:44:47 [Message] fib_1618 -> Chat: and we got that today
2012-10-18 16:44:51 [Message] fib_1618 -> Chat: on the positive side
2012-10-18 16:44:55 [Message] fib_1618 -> Chat: this is constructive
2012-10-18 16:45:17 [Message] fib_1618 -> Chat: as the bulls are now pulling back and regrouping
2012-10-18 16:45:34 [Message] fib_1618 -> Chat: given that the bears have yet to show any kind of conviction in their direction
2012-10-18 16:45:51 [Message] fib_1618 -> Chat: a little more of a decline in the MCO
2012-10-18 16:46:02 [Message] fib_1618 -> Chat: and even a lower low in the NASDAQ price pattern
2012-10-18 16:46:23 [Message] fib_1618 -> Chat: would be very constructive evidence of the market attempting to hammer out a tradable low
2012-10-18 16:46:29 [Message] fib_1618 -> Chat: but we'll take it day by day
2012-10-18 16:46:40 [Message] fib_1618 -> Chat: for now
2012-10-18 16:46:47 [Message] fib_1618 -> Chat: the NASDAQ is back to a near term sell
2012-10-18 16:47:01 [Message] fib_1618 -> Chat: with the NASDAQ breadth MCSUM now approaching the zero line
2012-10-18 16:47:20 [Message] fib_1618 -> Chat: moving to the NDX breadth MCO
2012-10-18 16:47:28 [Message] fib_1618 -> Chat: and we indeed got our snapback to the zero line
2012-10-18 16:47:35 [Message] fib_1618 -> Chat: and more importantly
2012-10-18 16:47:49 [Message] fib_1618 -> Chat: we closed just slightly below this line today as well
2012-10-18 16:47:58 [Message] fib_1618 -> Chat: so like the NASDAQ data suggests
2012-10-18 16:48:42 [Message] fib_1618 -> Chat: this could be the opportunity that the bulls are looking for to establish a platform point to actually move above the early October highs in the MCO
2012-10-18 16:48:45 [Message] thespookyone -> Chat: those postings seem light for those price drops?
2012-10-18 16:48:58 [Message] fib_1618 -> Chat: it was GOOG
2012-10-18 16:49:04 [Message] fib_1618 -> Chat: and tech in general
2012-10-18 16:49:13 [Message] fib_1618 -> Chat: they are the heavy weights in the index, no?
2012-10-18 16:49:21 [Message] thespookyone -> Chat: yep
2012-10-18 16:49:23 [Message] fib_1618 -> Chat: we don't know for sure these days on the weights in this index
2012-10-18 16:49:42 [Message] fib_1618 -> Chat: but it's a pretty good bet that they, and drug stocks, are the weighted proxies
2012-10-18 16:50:08 [Message] fib_1618 -> Chat: the IBM example from yesterday might be a better way to understand this
2012-10-18 16:50:28 [Message] fib_1618 -> Chat: but forgetting about that for a moment
2012-10-18 16:50:34 [Message] fib_1618 -> Chat: on a TECHNICAL basis
2012-10-18 16:50:55 [Message] fib_1618 -> Chat: we note that the NDX breadth MCSUM is indeed finding snapback resistance at the -250 level
2012-10-18 16:51:01 [Message] fib_1618 -> Chat: just as was anticipated on Tuesday
2012-10-18 16:51:15 [Message] fib_1618 -> Chat: but now the NDX breadth MCO is at the zero line
2012-10-18 16:51:19 [Message] fib_1618 -> Chat: and that means....?
2012-10-18 16:51:28 [Message] fib_1618 -> Chat: we're not only neutral
2012-10-18 16:51:33 [Message] fib_1618 -> Chat: but one side is about to take control
2012-10-18 16:51:40 [Message] fib_1618 -> Chat: so here we are
2012-10-18 16:51:49 [Message] fib_1618 -> Chat: at bearish intermediate term resistance
2012-10-18 16:51:59 [Message] fib_1618 -> Chat: which side will win out here do you suppose?
2012-10-18 16:52:18 [Message] fib_1618 -> Chat: if we use stocks like Google and IBM as examples
2012-10-18 16:52:23 [Message] fib_1618 -> Chat: some might say lower
2012-10-18 16:53:03 [Message] fib_1618 -> Chat: but if the greater majority of stocks continue to receive money flow in spite of these heavier weighted components having their heads handed to them
2012-10-18 16:53:27 [Message] fib_1618 -> Chat: other might say we are set up for a break above this same bearish resistance point
2012-10-18 16:53:52 [Message] fib_1618 -> Chat: overall...the NASDAQ and NDX remain undecided...but have a slight bullish advantage to them
2012-10-18 16:54:04 [Message] fib_1618 -> Chat: and until they sort things out
2012-10-18 16:54:26 [Message] fib_1618 -> Chat: it would seem that there might be better areas to concentrate on to continue to make our money grow
2012-10-18 16:54:46 [Message] fib_1618 -> Chat: we should never be fixated in one corner of the room
2012-10-18 16:54:51 [Message] thespookyone -> Chat: how was the Naz A/D?
2012-10-18 16:54:54 [Message] fib_1618 -> Chat: as the whole room has something to offer
2012-10-18 16:55:40 [Message] fib_1618 -> Chat: let's try to figure it out without looking first
2012-10-18 16:56:01 [Message] fib_1618 -> Chat: the NASDAQ breadth MCO closed below its zero line today
2012-10-18 16:56:50 [Message] fib_1618 -> Chat: which would mean that the 19 day EMA is increasing its speed lower in relation to the 39 day EMA
2012-10-18 16:57:13 [Message] fib_1618 -> Chat: the NASDAQ breadth MCSUM is still above its zero line...but only slightly
2012-10-18 16:57:31 [Message] fib_1618 -> Chat: which means that the 19 day EMA is still above the 39 day EMA just as slightly
2012-10-18 16:57:52 [Message] fib_1618 -> Chat: now...since both the MCO and the MCSUM are around their zero lines
2012-10-18 16:58:04 [Message] fib_1618 -> Chat: this tells us that the NAAD line is making little progress in either direction
2012-10-18 16:58:19 [Message] tracca -> Chat: Fib, NDX MCSUM is below -250 and MCO is just below 0 both of the components are below 0, if this is not the time to short it when is it I wonder?
2012-10-18 16:58:40 [Message] fib_1618 -> Chat: and with the MCO moving lower today...that would suggest that the NAAD line also closed lower compared to yesterday in and around these same EMA's
2012-10-18 16:59:22 [Message] fib_1618 -> Chat: the time to short here would be ONLY if you see an acceleration in the direction of the A/D line to the downside
2012-10-18 16:59:32 [Message] fib_1618 -> Chat: you can anticipate this
2012-10-18 16:59:37 [Message] fib_1618 -> Chat: but as we talked about earlier
2012-10-18 17:00:01 [Message] fib_1618 -> Chat: there still isn't enough evidence as yet if the bulls will be able to plow through the -250 level
2012-10-18 17:00:19 [Message] fib_1618 -> Chat: or whether the sellers will be able to push the market on the sell side
2012-10-18 17:00:29 [Message] fib_1618 -> Chat: we are in no mans land right now
2012-10-18 17:00:33 [Message] fib_1618 -> Chat: it can go either way
2012-10-18 17:00:40 [Message] tracca -> Chat: Got it!  Thank you.
2012-10-18 17:00:49 [Message] fib_1618 -> Chat: which means you only have a 50% chance of making money on the trade
2012-10-18 17:00:57 [Message] tracca -> Chat: I am 100% cash
2012-10-18 17:01:23 [Message] fib_1618 -> Chat: now if you add in the idea that the NYSE (along with the MID and SML) internals remain quite bouyant here and are not breaking down
2012-10-18 17:01:44 [Message] fib_1618 -> Chat: you see why it's probably best to continue to sit on your hands like last week
2012-10-18 17:01:56 [Message] fib_1618 -> Chat: where it looked all too certain that we were going to continue to move lower
2012-10-18 17:01:59 [Message] fib_1618 -> Chat: but we didn't
2012-10-18 17:02:03 [Message] fib_1618 -> Chat: because...
2012-10-18 17:02:07 [Message] fib_1618 -> Chat: we were "oversold"
2012-10-18 17:02:15 [Message] fib_1618 -> Chat: sentiment was very bearish
2012-10-18 17:02:21 [Message] fib_1618 -> Chat: and a technical bounce was indicated
2012-10-18 17:02:34 [Message] fib_1618 -> Chat: this bounce has now turned into something more than that
2012-10-18 17:02:50 [Message] fib_1618 -> Chat: so like we've been stressing here in the last couple of days
2012-10-18 17:02:57 [Message] fib_1618 -> Chat: do NOT pay attention to prices
2012-10-18 17:03:15 [Message] fib_1618 -> Chat: do NOT allow a single issue pick at you emotionally
2012-10-18 17:03:36 [Message] fib_1618 -> Chat: we MUST allow money to determine the best course of action
2012-10-18 17:04:07 [Message] fib_1618 -> Chat: the market will do everything it can to keep you from knowing the path of least resistance
2012-10-18 17:04:19 [Message] fib_1618 -> Chat: it will throw things like "fiscal cliff" at you
2012-10-18 17:04:36 [Message] fib_1618 -> Chat: and "European Collapses" at you
2012-10-18 17:04:45 [Message] fib_1618 -> Chat: and even throw an Apple at you as well
2012-10-18 17:05:03 [Message] fib_1618 -> Chat: these are nothing but distractions
2012-10-18 17:05:11 [Message] fib_1618 -> Chat: there is no race to be right or wrong here
2012-10-18 17:05:30 [Message] fib_1618 -> Chat: we want to be able to move into a trade with the very highest probabilities of success
2012-10-18 17:05:35 [Message] fib_1618 -> Chat: on OUR terms
2012-10-18 17:05:40 [Message] fib_1618 -> Chat: not the markets
2012-10-18 17:05:53 [Message] tracca -> Chat: well put
2012-10-18 17:06:03 [Message] fib_1618 -> Chat: in today's world
2012-10-18 17:06:27 [Message] fib_1618 -> Chat: we are constantly bombarded with opinions and news events that are provide to trigger an emotion
2012-10-18 17:06:47 [Message] fib_1618 -> Chat: this is why everyone needs a daily plan of attack
2012-10-18 17:06:55 [Message] fib_1618 -> Chat: a blueprint
2012-10-18 17:07:14 [Message] fib_1618 -> Chat: if the market follows the blueprint, you stick with the plan
2012-10-18 17:07:26 [Message] fib_1618 -> Chat: if not...you find out what the best course is moving forward
2012-10-18 17:07:54 [Message] fib_1618 -> Chat: some might say that the market liked Tuesday's debate because one side or the other "won"
2012-10-18 17:08:19 [Message] fib_1618 -> Chat: and then they will go one step further in trying to figure out what it will all mean
2012-10-18 17:08:27 [Message] fib_1618 -> Chat: but none of this matters
2012-10-18 17:08:31 [Message] fib_1618 -> Chat: it never has
2012-10-18 17:08:40 [Message] fib_1618 -> Chat: all that matters is the direction of money
2012-10-18 17:08:51 [Message] fib_1618 -> Chat: right now...it wants to be invested
2012-10-18 17:08:56 [Message] fib_1618 -> Chat: for whatever the reason
2012-10-18 17:09:35 [Message] fib_1618 -> Chat: sure...we can give provide opinion on how things might go based on the direction of individual sectors and how they perform
2012-10-18 17:09:41 [Message] fib_1618 -> Chat: take health care, for example
2012-10-18 17:10:11 [Message] fib_1618 -> Chat: does it make sense that it would continue to move higher if money believed that something like Obama-Care is going to continue to move forward?
2012-10-18 17:10:45 [Message] fib_1618 -> Chat: does it make sense that there's likely to be a collapse in the banking system if the financials sector continues to make new highs
2012-10-18 17:10:53 [Message] fib_1618 -> Chat: is money that stupid enough to be thrown away?
2012-10-18 17:10:58 [Message] fib_1618 -> Chat: probably not
2012-10-18 17:11:50 [Message] fib_1618 -> Chat: Japan down .4% and Korea down .25%
2012-10-18 17:12:15 [Message] fib_1618 -> Chat: it's important in this business to remain focused on what is truly important
2012-10-18 17:12:47 [Message] fib_1618 -> Chat: continuing to try to hit curve balls is not likely to get you on base than sitting and waiting for the meat of a fast ball
2012-10-18 17:12:58 [Message] fib_1618 -> Chat: patience
2012-10-18 17:13:06 [Message] fib_1618 -> Chat: even if you make 5 trades a year
2012-10-18 17:13:18 [Message] fib_1618 -> Chat: isn't it better that they all be successful ones?
2012-10-18 17:13:42 [Message] fib_1618 -> Chat: than to get annoyed at yourself by trading based on something that you can't control?
2012-10-18 17:13:53 [Message] fib_1618 -> Chat: back to work..sorry
2012-10-18 17:14:06 [Message] fib_1618 -> Chat: small point change on the SPX breadth MCO
2012-10-18 17:14:31 [Message] fib_1618 -> Chat: and we are now a day away from maybe moving above the previous highs in the SPX breadth MCSUM
2012-10-18 17:14:35 [Message] fib_1618 -> Chat: if this takes place
2012-10-18 17:14:56 [Message] fib_1618 -> Chat: the next objective will be the +500 level and this MCSUM's pattern resistance
2012-10-18 17:15:20 [Message] fib_1618 -> Chat: small point change on the OEX breadth MCO
2012-10-18 17:15:34 [Message] fib_1618 -> Chat: and it was higher
2012-10-18 17:15:37 [Message] fib_1618 -> Chat: not lower
2012-10-18 17:15:40 [Message] fib_1618 -> Chat: higher
2012-10-18 17:15:53 [Message] fib_1618 -> Chat: so although money moved out of the secondaries
2012-10-18 17:15:59 [Message] fib_1618 -> Chat: it found a home with the cream stocks
2012-10-18 17:16:09 [Message] fib_1618 -> Chat: yes...could be defensive in nature
2012-10-18 17:16:14 [Message] fib_1618 -> Chat: but the more important point is...
2012-10-18 17:16:24 [Message] fib_1618 -> Chat: it didn't LEAVE the market...it rotated
2012-10-18 17:16:41 [Message] thespookyone -> Chat: OEX broke that 250 with nice conviction, as well
2012-10-18 17:16:54 [Message] fib_1618 -> Chat: the Dow breadth MCO also moved above its pattern resistance highs today as well
2012-10-18 17:17:04 [Message] fib_1618 -> Chat: joining the rest of the NYSE related MCO''s
2012-10-18 17:17:25 [Message] fib_1618 -> Chat: yes...you have upside breadth expansion there
2012-10-18 17:17:30 [Message] fib_1618 -> Chat: and why it's not likely now to expect a tradable top
2012-10-18 17:17:47 [Message] fib_1618 -> Chat: we'll see how things go next week
2012-10-18 17:17:52 [Message] fib_1618 -> Chat: but if we continue to make higher highs
2012-10-18 17:18:01 [Message] fib_1618 -> Chat: this will push us forward to about mid November
2012-10-18 17:18:16 [Message] thespookyone -> Chat: as I mentioned earlier - no money was seeking out bonds today, either - I also feel it's just rotating
2012-10-18 17:18:38 [Message] fib_1618 -> Chat: the McClellan's agree
2012-10-18 17:18:48 [Message] thespookyone -> Chat: yep
2012-10-18 17:18:58 [Message] fib_1618 -> Chat: a small pullback on MID breadth MCO
2012-10-18 17:19:29 [Message] fib_1618 -> Chat: but we need not stay around in a pause for more than another day
2012-10-18 17:19:39 [Message] fib_1618 -> Chat: as the bulls need to continue to press forward
2012-10-18 17:20:09 [Message] fib_1618 -> Chat: the SML breadth MCO moved back below its zero line
2012-10-18 17:20:17 [Message] fib_1618 -> Chat: but the 5% component remains above its zero line
2012-10-18 17:20:24 [Message] fib_1618 -> Chat: so we'll call this a pause as well
2012-10-18 17:20:47 [Message] fib_1618 -> Chat: back to the MID for a moment
2012-10-18 17:20:51 [Message] fib_1618 -> Chat: for Issac
2012-10-18 17:21:03 [Message] fib_1618 -> Chat: notice that the MID had an "inside range day" today
2012-10-18 17:21:22 [Message] fib_1618 -> Chat: could be a pause...but it could also indicate a lower close tomorrow
2012-10-18 17:21:34 [Message] fib_1618 -> Chat: what makes this important information is that
2012-10-18 17:21:49 [Message] fib_1618 -> Chat: if the indication of a lower close doesn't materialize
2012-10-18 17:21:51 [Message] fib_1618 -> Chat: and we do close higher
2012-10-18 17:22:00 [Message] fib_1618 -> Chat: this is another indication of the implied strength of the pattern
2012-10-18 17:22:29 [Message] fib_1618 -> Chat: this then increases the likelihood of a continuation of the trend in the direction prior to the range day
2012-10-18 17:22:50 [Message] fib_1618 -> Chat: that it was a point of "taking inventory"
2012-10-18 17:23:06 [Message] fib_1618 -> Chat: inside range on the SML as well
2012-10-18 17:23:29 [Message] fib_1618 -> Chat: and it looks like an "outside range day" on the Wilshire
2012-10-18 17:23:43 [Message] fib_1618 -> Chat: so given that we have a variety of different range days here
2012-10-18 17:23:46 [Message] fib_1618 -> Chat: more than likely
2012-10-18 17:24:02 [Message] fib_1618 -> Chat: this is a pause and not indicative of a lower close on Friday
2012-10-18 17:24:16 [Message] fib_1618 -> Chat: and you know the great thing about this indicator
2012-10-18 17:24:38 [Message] fib_1618 -> Chat: you can be wrong but you had something tangible to work with that will help you decide your next course of action
2012-10-18 17:24:50 [Message] fib_1618 -> Chat: nothing emotional
2012-10-18 17:24:53 [Message] fib_1618 -> Chat: no bias
2012-10-18 17:25:14 [Message] fib_1618 -> Chat: just clear thinking with substance that everyone can understand and work from
2012-10-18 17:25:37 [Message] fib_1618 -> Chat: let's see how the volume McClellan's did
2012-10-18 17:25:51 [Message] fib_1618 -> Chat: the CO NYSE volume MCO moved higher today
2012-10-18 17:25:59 [Message] fib_1618 -> Chat: so what do we know here?
2012-10-18 17:26:14 [Message] fib_1618 -> Chat: the breadth side moved slightly lower suggesting broader selling today
2012-10-18 17:26:32 [Message] fib_1618 -> Chat: but the volume side shows us that, overall, money was moving in and not out of these group of stocks
2012-10-18 17:26:43 [Message] fib_1618 -> Chat: this would likely be caused by rotation
2012-10-18 17:26:54 [Message] fib_1618 -> Chat: and maybe fresh money moving in
2012-10-18 17:27:09 [Message] fib_1618 -> Chat: more importantly
2012-10-18 17:27:26 [Message] fib_1618 -> Chat: the buyers are able to maintain this level of "liquidity" on a short term trending basis
2012-10-18 17:27:31 [Message] fib_1618 -> Chat: if this were a top
2012-10-18 17:27:40 [Message] fib_1618 -> Chat: we would see at least a collapse to the zero line
2012-10-18 17:28:09 [Message] fib_1618 -> Chat: so here's a whisper that tells more than any post being read or opinion made on a business channel
2012-10-18 17:28:45 [Message] fib_1618 -> Chat: moving to the NASDAQ volume MCO
2012-10-18 17:28:51 [Message] fib_1618 -> Chat: and it also found zero line resistance like its breadth cousin
2012-10-18 17:29:28 [Message] fib_1618 -> Chat: but here too the selling wasn't as wide spread as you might have believed based on the Google information
2012-10-18 17:29:40 [Message] fib_1618 -> Chat: still weak(er)...yes
2012-10-18 17:29:49 [Message] fib_1618 -> Chat: but not falling apart either
2012-10-18 17:30:04 [Message] fib_1618 -> Chat: and like its breadth cousin
2012-10-18 17:30:20 [Message] fib_1618 -> Chat: the NDX volume MCO also settled on its zero line today
2012-10-18 17:30:32 [Message] fib_1618 -> Chat: so the NDX is at absolute neutral here
2012-10-18 17:30:47 [Message] fib_1618 -> Chat: no advantage on either side on a short term basis
2012-10-18 17:31:09 [Message] fib_1618 -> Chat: so this, in and of itself, should help answer on whether one should short or go long here
2012-10-18 17:31:14 [Message] fib_1618 -> Chat: the answer?
2012-10-18 17:31:23 [Message] fib_1618 -> Chat: you should do absolutely nothing
2012-10-18 17:31:24 [Message] tracca -> Chat: wait and see
2012-10-18 17:31:28 [Message] fib_1618 -> Chat: there you go
2012-10-18 17:31:40 [Message] fib_1618 -> Chat: there is always time to catch the wave
2012-10-18 17:31:51 [Message] fib_1618 -> Chat: but first you have to have a wave to catch!
2012-10-18 17:32:03 [Message] fib_1618 -> Chat: ever do any surfing in the ocean?
2012-10-18 17:32:15 [Message] fib_1618 -> Chat: hard to do if you don't have a wave to push you
2012-10-18 17:32:17 [Message] tracca -> Chat: nope, too old for that
2012-10-18 17:32:27 [Message] fib_1618 -> Chat: but you were young....once
2012-10-18 17:32:30 [Message] fib_1618 -> Chat:
2012-10-18 17:32:43 [Message] tracca -> Chat: young in heart now
2012-10-18 17:32:47 [Message] fib_1618 -> Chat:
2012-10-18 17:33:01 [Message] fib_1618 -> Chat: small point change in the SPX volume MCO
2012-10-18 17:33:12 [Message] fib_1618 -> Chat: so both breadth and volume are coiling here
2012-10-18 17:33:24 [Message] fib_1618 -> Chat: so we should see a big move at any time
2012-10-18 17:33:39 [Message] fib_1618 -> Chat: the OEX volume MCO continued higher
2012-10-18 17:33:50 [Message] fib_1618 -> Chat: and look at the way the OEX volume MCSUM is hugging its zero line
2012-10-18 17:33:59 [Message] fib_1618 -> Chat: which side will take control here?
2012-10-18 17:34:05 [Message] fib_1618 -> Chat: if we use the MCO as a guide
2012-10-18 17:34:14 [Message] fib_1618 -> Chat: there seems to be more buyers than sellers
2012-10-18 17:34:26 [Message] fib_1618 -> Chat: slightly...but still setting the pace
2012-10-18 17:34:32 [Message] fib_1618 -> Chat: and that's important to know
2012-10-18 17:34:36 [Message] fib_1618 -> Chat: because if you don't
2012-10-18 17:34:52 [Message] fib_1618 -> Chat: and you're trying like most to pick a top for a resumption of the decline of earlier this month
2012-10-18 17:34:56 [Message] fib_1618 -> Chat: you're going to have to wait
2012-10-18 17:35:08 [Message] fib_1618 -> Chat: and if you're trading options where time decay is your biggest enemy
2012-10-18 17:35:23 [Message] fib_1618 -> Chat: you can get stuck trying to out smart the market at its own game
2012-10-18 17:35:30 [Message] fib_1618 -> Chat: which isn't likely to happen anyway
2012-10-18 17:35:42 [Message] fib_1618 -> Chat: crash windows?
2012-10-18 17:35:58 [Message] fib_1618 -> Chat: political upheavals?
2012-10-18 17:36:16 [Message] fib_1618 -> Chat: many things fundamentalists can point to as this being a time to get short again
2012-10-18 17:36:19 [Message] fib_1618 -> Chat: but meanwhile
2012-10-18 17:36:25 [Message] fib_1618 -> Chat: money continues to buck this idea
2012-10-18 17:36:58 [Message] fib_1618 -> Chat: and little "us" is not likely to have enough of influence to make the market do what we want it to
2012-10-18 17:37:59 [Message] fib_1618 -> Chat: so it's far better to have the market tell us what the best plan is, work with that, and leave any biases or excuses to those who are pretty good in coming up with these explanations when things don't go like they thought they would
2012-10-18 17:38:44 [Message] fib_1618 -> Chat: the rest of the volume charts are in sync with their breadth cousins right now
2012-10-18 17:38:51 [Message] fib_1618 -> Chat: and the advantage of that is...
2012-10-18 17:38:56 [Message] fib_1618 -> Chat: once the market does start to move
2012-10-18 17:39:00 [Message] fib_1618 -> Chat: it will tend to impulse
2012-10-18 17:39:20 [Message] fib_1618 -> Chat: as all cylinders will be running in time with each other
2012-10-18 17:39:34 [Message] fib_1618 -> Chat: we just have to know which direction that is and THEN trade that
2012-10-18 17:40:01 [Message] fib_1618 -> Chat: no real changes on the volume oscillators
2012-10-18 17:40:03 [Message] fib_1618 -> Chat: except
2012-10-18 17:40:14 [Message] fib_1618 -> Chat: the NDX CVI is now back to neutral
2012-10-18 17:40:24 [Message] fib_1618 -> Chat: in fact a bit below the zero line
2012-10-18 17:40:39 [Message] fib_1618 -> Chat: so we can expect some sort of snapback up to the zero line near term
2012-10-18 17:40:52 [Message] fib_1618 -> Chat: NYSE TRIN at .77
2012-10-18 17:40:59 [Message] fib_1618 -> Chat: Open 10 at .96
2012-10-18 17:41:04 [Message] fib_1618 -> Chat: chugging along
2012-10-18 17:41:21 [Message] fib_1618 -> Chat: NASDAQ TRIN at .86
2012-10-18 17:41:48 [Message] fib_1618 -> Chat: funny, you would had thought with the NASDAQ down 1% that there would be more down volume there (hint hint)
2012-10-18 17:42:06 [Message] fib_1618 -> Chat: Open 10 still "oversold" at 1.10
2012-10-18 17:42:16 [Message] fib_1618 -> Chat: TM TRIN at 1.03
2012-10-18 17:42:28 [Message] fib_1618 -> Chat: Open 10 at 1.13
2012-10-18 17:42:31 [Message] fib_1618 -> Chat: so...
2012-10-18 17:42:36 [Message] fib_1618 -> Chat: we got our pause to refresh
2012-10-18 17:43:10 [Message] fib_1618 -> Chat: and now its up to the buyers to again step in here to keep the ball rolling
2012-10-18 17:43:42 [Message] fib_1618 -> Chat: the important thing for the NASDAQ and NDX now is for their MCO's to move above their blip resistance areas on any attempt to move back above their zero lines
2012-10-18 17:43:52 [Message] fib_1618 -> Chat: as far as the NYSE related issues are concerned
2012-10-18 17:44:13 [Message] fib_1618 -> Chat: watch the action in the SPX and OEX breadth MCSUM's in their attempt to make new highs
2012-10-18 17:44:30 [Message] fib_1618 -> Chat: and watch all of the MCSUM's for gap expansion in their individual postings
2012-10-18 17:44:42 [Message] fib_1618 -> Chat: if we don't see this occur by Monday
2012-10-18 17:45:01 [Message] fib_1618 -> Chat: and the postings become congested again (the MCO's move back to their zero lines)
2012-10-18 17:45:25 [Message] fib_1618 -> Chat: continuing to hold longs with hard stops remains the best blueprint for now
2012-10-18 17:45:33 [Message] fib_1618 -> Chat: if we continue to expand
2012-10-18 17:45:45 [Message] fib_1618 -> Chat: and the secondaries join the party
2012-10-18 17:46:29 [Message] fib_1618 -> Chat: then this weekends homework assignment of finding leading issues will be something you can put into motion as another leg higher will likely be underway
2012-10-18 17:46:32 [Message] fib_1618 -> Chat: other than that
2012-10-18 17:46:42 [Message] fib_1618 -> Chat: remain focused on what is truly important here
2012-10-18 17:46:55 [Message] fib_1618 -> Chat: and leave the rhetoric to others
2012-10-18 17:47:04 [Message] fib_1618 -> Chat: anything else?
2012-10-18 17:47:13 [Message] thespookyone -> Chat: thx, well rounded
2012-10-18 17:47:26 [Message] fib_1618 -> Chat: well...it's an important time here
2012-10-18 17:47:41 [Message] tracca -> Chat: thank you, well explained as usual
2012-10-18 17:47:52 [Message] thespookyone -> Chat: it is, and patience is king...
2012-10-18 17:47:57 [Message] fib_1618 -> Chat: and I can't really rule out one more shake out...but it's now not as likely to happen as it was at the beginning of the week
2012-10-18 17:48:08 [Message] fib_1618 -> Chat: we all see the same charts
2012-10-18 17:48:11 [Message] fib_1618 -> Chat: they don't lie
2012-10-18 17:48:16 [Message] fib_1618 -> Chat: if weakness comes in
2012-10-18 17:48:20 [Message] fib_1618 -> Chat: then we can be bearish
2012-10-18 17:48:33 [Message] fib_1618 -> Chat: but as long as we see this information moving north
2012-10-18 17:48:38 [Message] fib_1618 -> Chat: who are we to argue?
2012-10-18 17:48:55 [Message] fib_1618 -> Chat: OK...if there's nothing else
2012-10-18 17:48:58 [Message] fib_1618 -> Chat: I'm going to take off
2012-10-18 17:49:03 [Message] fib_1618 -> Chat: everyone have a great week
2012-10-18 17:49:15 [Message] fib_1618 -> Chat: and we'll hook up again next Thursday at the usual time
2012-10-18 17:49:16 [Message] fib_1618 -> Chat: good night

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