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fib_1618

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Reply with quote  #1 
2008-10-21 19:00:12 [Message] fib_1618 -> Main Room: good day
2008-10-21 19:00:17 [Message] fib_1618 -> Main Room: how is everyone?
2008-10-21 19:01:32 [Message] fib_1618 -> Main Room: (sleeping, evidently )
2008-10-21 19:02:57 [Message] fib_1618 -> Main Room: OK...any questions or comments before we get started??
2008-10-21 19:03:57 [Message] TradeMark -> Main Room: So, where to from here....that is the question
2008-10-21 19:04:05 [Message] fib_1618 -> Main Room: up and then down
2008-10-21 19:04:15 [Message] fib_1618 -> Main Room: then...down and up!
2008-10-21 19:04:29 [Message] fib_1618 -> Main Room: don't you just love triangles?
2008-10-21 19:04:29 [Message] TradeMark -> Main Room: how about down then up?
2008-10-21 19:04:48 [Message] TradeMark -> Main Room: everybody thinks it is going up
2008-10-21 19:05:03 [Message] fib_1618 -> Main Room: probably as many think it's going to go down, eh?
2008-10-21 19:05:15 [Message] ron -> Main Room: would like to look at 60 and 5 min EW counts to see where we are!
2008-10-21 19:05:29 [Message] fib_1618 -> Main Room: like we've said many times before, triangles are the toughest of all indecision patterns to trade
2008-10-21 19:05:39 [Message] fib_1618 -> Main Room: OK...how about the hourly?
2008-10-21 19:05:45 [Message] fib_1618 -> Main Room: one moment - I'll get it
2008-10-21 19:05:50 [Message] ron -> Main Room: fine
2008-10-21 19:05:53 [Message] TradeMark -> Main Room: nope, most think Up .... I am convinced
2008-10-21 19:06:21 [Message] fib_1618 -> Main Room: http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=0&dy=9&i=p88172389198&a=153368921&r=8970
2008-10-21 19:06:34 [Message] fib_1618 -> Main Room: a thing of beauty
2008-10-21 19:07:23 [Message] fib_1618 -> Main Room: notice the divergent Hist MACD in the background indicating that the current count idea is valid
2008-10-21 19:07:47 [Message] fib_1618 -> Main Room: and based on the way this thing is unwinding, we probably should look for a breakout sometime next week
2008-10-21 19:08:01 [Message] denleo -> Main Room: we will consolidate in this triangle for a few days, touch 20-day moving average, and then go down to new lows.
2008-10-21 19:08:07 [Message] fib_1618 -> Main Room: could be earlier...who really knows
2008-10-21 19:08:19 [Message] fib_1618 -> Main Room: under Elliott guidelines
2008-10-21 19:08:41 [Message] fib_1618 -> Main Room: we still have wave {d} to go (in process), and then a small move up for wave {e}
2008-10-21 19:08:45 [Message] fib_1618 -> Main Room: and then down we go
2008-10-21 19:09:04 [Message] fib_1618 -> Main Room: I have several cycles pointing to a bottom sometime the end of next week, so it seems to be working out nicely
2008-10-21 19:09:23 [Message] fib_1618 -> Main Room: but in the meantime
2008-10-21 19:09:42 [Message] fib_1618 -> Main Room: boy oh boy...quite a money maker while we go back and forth
2008-10-21 19:10:33 [Message] fib_1618 -> Main Room: does anyone have a question why the Hist MACD is an important tool with this area?
2008-10-21 19:11:20 [Message] ron -> Main Room: maybe divergence to identify wave 3 vs wave 5 within one larger degree wave?
2008-10-21 19:12:01 [Message] fib_1618 -> Main Room: once the pattern breaks down, wave 5 will develop divergences with wave 3 on the daily chart
2008-10-21 19:12:34 [Message] fib_1618 -> Main Room: RSI...MACD...pretty much every momentum tool will show divergence
2008-10-21 19:12:40 [Message] fib_1618 -> Main Room: including the McClellan Oscillator
2008-10-21 19:12:45 [Message] bill -> Main Room: do you see any chance that your x in c wave is 4 and we are in an ED to complete a flat?
2008-10-21 19:13:18 [Message] fib_1618 -> Main Room: the Hist MACD suggests the current pattern as a triangle
2008-10-21 19:13:20 [Message] fib_1618 -> Main Room: however
2008-10-21 19:13:50 [Message] bill -> Main Room: can u elaborate please
2008-10-21 19:14:09 [Message] fib_1618 -> Main Room: it really comes down to the smaller degree structures
2008-10-21 19:14:54 [Message] fib_1618 -> Main Room: let me see if I'm looking at the same thing Bill
2008-10-21 19:15:18 [Message] fib_1618 -> Main Room: are you referring to the hourly structure from Friday's close to yesterday's peak?
2008-10-21 19:17:31 [Message] bill -> Main Room: sorry...that would be the start of the ED
2008-10-21 19:17:46 [Message] fib_1618 -> Main Room: OK...so the move down today is part of a larger ED?
2008-10-21 19:18:03 [Message] bill -> Main Room: yes
2008-10-21 19:18:09 [Message] fib_1618 -> Main Room: ED = ending diagonal for those who are wondering
2008-10-21 19:18:18 [Message] fib_1618 -> Main Room: although anything can and does happen, ED's usually turn up more often at the end of impulsive wave structures
2008-10-21 19:18:53 [Message] fib_1618 -> Main Room: that is...towards the end of an all ready established uptrend
2008-10-21 19:19:17 [Message] fib_1618 -> Main Room: they also occur because of a loss of previous momentum
2008-10-21 19:19:58 [Message] fib_1618 -> Main Room: and with the daily ranges as broad as they've been, momentum is certainly not a problem right now as we're sloshing back and forth with quite amount of vigor
2008-10-21 19:20:37 [Message] fib_1618 -> Main Room: but like anything else, the market will tell the tale
2008-10-21 19:20:47 [Message] fib_1618 -> Main Room: in this case
2008-10-21 19:21:10 [Message] fib_1618 -> Main Room: if we take out the lows of late Friday afternoon, that would put the ending diagonal idea on the back burner
2008-10-21 19:21:15 [Message] fib_1618 -> Main Room: could it happen? sure
2008-10-21 19:21:29 [Message] fib_1618 -> Main Room: but is it likely to happen given the current market action? probably not
2008-10-21 19:21:44 [Message] fib_1618 -> Main Room: always an alternate idea to work with
2008-10-21 19:21:56 [Message] bill -> Main Room: the move from Thursday low looks impulsive to me...but triangle probably makes more sense
2008-10-21 19:22:04 [Message] fib_1618 -> Main Room: and it would be silly for anyone to discount anything...until it stops working
2008-10-21 19:22:30 [Message] fib_1618 -> Main Room: it would be an impulsive "C" wave - marked as wave "y" on the chart
2008-10-21 19:22:40 [Message] fib_1618 -> Main Room: same characteristics
2008-10-21 19:22:47 [Message] fib_1618 -> Main Room: besides
2008-10-21 19:22:58 [Message] fib_1618 -> Main Room: ending diagonals are 3 wave jobs
2008-10-21 19:23:46 [Message] fib_1618 -> Main Room: so being that it looked impulsive - that is of a 5 wave structure - is probably our best clue that an ED is not occurring
2008-10-21 19:24:15 [Message] fib_1618 -> Main Room: make sense?
2008-10-21 19:24:31 [Message] bill -> Main Room: i was only counting wave five as an ED in smaller time frame
2008-10-21 19:24:45 [Message] fib_1618 -> Main Room:
2008-10-21 19:25:06 [Message] fib_1618 -> Main Room: makes you crazy, doesn't it?
2008-10-21 19:25:27 [Message] bill -> Main Room: very much...seems u can have as many alt counts as you want
2008-10-21 19:25:41 [Message] fib_1618 -> Main Room: this is why Elliott is so difficult
2008-10-21 19:26:00 [Message] fib_1618 -> Main Room: for now...we have to go with what is usual and customary when it comes to crashes
2008-10-21 19:26:10 [Message] fib_1618 -> Main Room: which is a triangle
2008-10-21 19:26:26 [Message] fib_1618 -> Main Room: although...if you were to push it...it could be a flat
2008-10-21 19:26:53 [Message] fib_1618 -> Main Room: and the only way you're going to confirm that is if we take out the October 16th lows in quick fashion
2008-10-21 19:27:16 [Message] fib_1618 -> Main Room: if we don't, find support at around 910 cash...triangle is it
2008-10-21 19:27:39 [Message] fib_1618 -> Main Room: digging a little deeper outside of Elliott
2008-10-21 19:28:00 [Message] fib_1618 -> Main Room: we also know that as we move closer into the apex of a triangle, the range days start to contract
2008-10-21 19:28:10 [Message] fib_1618 -> Main Room: this is something in which we're starting to see now
2008-10-21 19:28:31 [Message] fib_1618 -> Main Room: so if this continues, then that would be another feather in the cap for our friend the triangle
2008-10-21 19:29:05 [Message] fib_1618 -> Main Room: any other questions or comments??
2008-10-21 19:29:48 [Message] lew -> Main Room: GREAT call on the triangle!
2008-10-21 19:29:58 [Message] fib_1618 -> Main Room: hmmm...breadth plurality dumped at the close
2008-10-21 19:30:03 [Message] fib_1618 -> Main Room: so far, so good lew
2008-10-21 19:30:11 [Message] lew -> Main Room: yes sir
2008-10-21 19:30:32 [Message] fib_1618 -> Main Room: hopefully it's the right forecast
2008-10-21 19:30:56 [Message] fib_1618 -> Main Room: by the time it's finished, so will be most of the traders
2008-10-21 19:31:07 [Message] fib_1618 -> Main Room: those who are looking for a bullish breakout, will turn bearish
2008-10-21 19:31:14 [Message] fib_1618 -> Main Room: those who are bearish, will turn bullish
2008-10-21 19:31:22 [Message] fib_1618 -> Main Room: and we'll have parity
2008-10-21 19:31:30 [Message] lew -> Main Room: BET
2008-10-21 19:31:34 [Message] fib_1618 -> Main Room: and that's when one side takes command
2008-10-21 19:31:56 [Message] fib_1618 -> Main Room: OK...let me get DP up and we'll see how things are going
2008-10-21 19:32:34 [Message] fib_1618 -> Main Room: after moving up to its zero line yesterday, the CO NYSE breadth MCO moved lower today
2008-10-21 19:32:42 [Message] fib_1618 -> Main Room: which is/was the standard technical expectation
2008-10-21 19:33:13 [Message] fib_1618 -> Main Room: also of note is that this MCO also found resistance at the declining tops line from the late August highs as well
2008-10-21 19:33:43 [Message] fib_1618 -> Main Room: this would suggest, given what we know, that enough of compression that was caused by the crash has been taken care of, and a new battle begins
2008-10-21 19:35:01 [Message] fib_1618 -> Main Room: near term, and pretty well confirming that we're in a 4th wave Elliott structure, is that we broke above the small series of tops beneath tops from the late September/early October period
2008-10-21 19:35:34 [Message] fib_1618 -> Main Room: looking at the components, they remain in a bearish configuration well below their zero lines
2008-10-21 19:35:52 [Message] fib_1618 -> Main Room: with lower lows created today on the CO NYSE breadth MCSUM
2008-10-21 19:36:09 [Message] fib_1618 -> Main Room: so...nothing really as yet to say that we're turning around
2008-10-21 19:36:31 [Message] fib_1618 -> Main Room: which would also mean, the odds of breaking higher out of this current consolidation pattern are pretty low
2008-10-21 19:36:58 [Message] denleo -> Main Room: BRCM, YHOO and AAPL are all trading up big on earnings. A gap up tomorrow is a perfect short.
2008-10-21 19:37:03 [Message] fib_1618 -> Main Room: as all we've done is relieved the extraordinary pressure of the prior sell off
2008-10-21 19:37:15 [Message] fib_1618 -> Main Room: if it lasts through the night - no telling these days
2008-10-21 19:37:42 [Message] denleo -> Main Room: I am shorting here. I will add in the morning if it lasts
2008-10-21 19:37:55 [Message] fib_1618 -> Main Room: on a more positive note
2008-10-21 19:38:04 [Message] hiker -> Main Room: the overnight ES session has been an "easier" trade than day, lately
2008-10-21 19:38:05 [Message] lew -> Main Room: Postponing the AAPL open after hours was nearly as corrupt as the ban on short sales = and will turn out about as effective, imho
2008-10-21 19:38:22 [Message] fib_1618 -> Main Room: the composite NYSE breadth MCO has broken above both its zero line and its declining tops line
2008-10-21 19:38:34 [Message] fib_1618 -> Main Room: and is now in the process of snapping back to or towards the zero line
2008-10-21 19:39:02 [Message] fib_1618 -> Main Room: really? did AAPL open?
2008-10-21 19:39:17 [Message] lew -> Main Room: yes, at 5:10
2008-10-21 19:39:22 [Message] denleo -> Main Room: up 13 after hours
2008-10-21 19:39:29 [Message] fib_1618 -> Main Room: order imbalance?
2008-10-21 19:39:37 [Message] fib_1618 -> Main Room: whoa!
2008-10-21 19:39:40 [Message] lew -> Main Room: after buyers were lined up, it seems
2008-10-21 19:39:47 [Message] denleo -> Main Room: it opened down 4 and then went up 18 points
2008-10-21 19:39:56 [Message] fib_1618 -> Main Room: order imbalance in a thinly traded market?
2008-10-21 19:40:17 [Message] fib_1618 -> Main Room: well...up 18 - not bad
2008-10-21 19:40:24 [Message] fib_1618 -> Main Room: seems there's been some short covering
2008-10-21 19:40:42 [Message] fib_1618 -> Main Room: more like blown out of the water
2008-10-21 19:40:44 [Message] lew -> Main Room: institutions should like dumping into it on bad guidance
2008-10-21 19:40:59 [Message] fib_1618 -> Main Room: I wish they did away with the guidance stuff...it means nothing, another "feel good" cure by the folks in DC
2008-10-21 19:41:39 [Message] fib_1618 -> Main Room: looking at the composite NYSE breadth MCO components
2008-10-21 19:41:58 [Message] fib_1618 -> Main Room: we have a positive cross over now, but both remain below their zero lines
2008-10-21 19:42:37 [Message] fib_1618 -> Main Room: with the MCO in positive territory, and the components not moving with the MCO, this would indicate corrective activity and nothing to really get excited about
2008-10-21 19:43:25 [Message] fib_1618 -> Main Room: we also have to consider the current reading on the composite NYSE breadth MCSUM being at a -1446
2008-10-21 19:43:35 [Message] fib_1618 -> Main Room: which is going to keep the pressure on prices for a while even if the MCSUM does move higher from here
2008-10-21 19:44:12 [Message] fib_1618 -> Main Room: so..for now...we have relieved the downside pressure
2008-10-21 19:44:16 [Message] fib_1618 -> Main Room: nothing more, and fully expected
2008-10-21 19:45:09 [Message] fib_1618 -> Main Room: after breaking above it's zero line yesterday, the NASDAQ breadth MCO has now snapped back to this same line of neutrality
2008-10-21 19:45:24 [Message] fib_1618 -> Main Room: and where one side is about to take control of the action
2008-10-21 19:46:13 [Message] fib_1618 -> Main Room: with a reading of -1502, this marketplace is still quite trashed, and it's still going to take a lot of time to recover from its injuries
2008-10-21 19:47:01 [Message] fib_1618 -> Main Room: what we can say is that the reaction highs of mid September were taken out yesterday, and that's a positive thing longer term
2008-10-21 19:47:12 [Message] fib_1618 -> Main Room: moving to the NDX breadth MCOand there we're not so lucky
2008-10-21 19:47:33 [Message] fib_1618 -> Main Room: with tops beneath tops still controlling the pattern
2008-10-21 19:48:03 [Message] fib_1618 -> Main Room: and we also had a lower low created today on the NDX breadth MCSUM
2008-10-21 19:48:26 [Message] fib_1618 -> Main Room: not the kind of thing one would want to see if we were in the process of "turning around", no less, leaving behind a "V" bottom
2008-10-21 19:49:01 [Message] fib_1618 -> Main Room: if anything, this suggests that eventually we will see some sort of retest of the 10/10 lows
2008-10-21 19:49:10 [Message] fib_1618 -> Main Room: which is healthy
2008-10-21 19:49:35 [Message] fib_1618 -> Main Room: the SPX breadth MCO also found resistance at its zero line today
2008-10-21 19:50:11 [Message] fib_1618 -> Main Room: and although it peaked its head above the declining tops line seen on the chart, it wasn't able to hold these levels
2008-10-21 19:50:37 [Message] fib_1618 -> Main Room: we shouldn't expect something like this to happen any way at this stage
2008-10-21 19:50:55 [Message] fib_1618 -> Main Room: in fact, the market has done a remarkable job of just getting up to these same levels
2008-10-21 19:51:04 [Message] fib_1618 -> Main Room: it did take over a week to do so
2008-10-21 19:51:28 [Message] fib_1618 -> Main Room: which pretty much indicates how trashed everything was
2008-10-21 19:51:39 [Message] fib_1618 -> Main Room: where there wasn't anything to buy
2008-10-21 19:51:43 [Message] fib_1618 -> Main Room: maybe to cover
2008-10-21 19:51:59 [Message] fib_1618 -> Main Room: but there doesn't seem to be any "bargains" around as yet
2008-10-21 19:52:28 [Message] fib_1618 -> Main Room: have you also noticed how all of the staunch bears have been calling a bottom of late?
2008-10-21 19:52:41 [Message] fib_1618 -> Main Room: and I mean the grizzly ones
2008-10-21 19:52:43 [Message] lew -> Main Room: YES
2008-10-21 19:52:55 [Message] fib_1618 -> Main Room: that might be a telling tale
2008-10-21 19:53:05 [Message] lew -> Main Room: yep
2008-10-21 19:53:09 [Message] TradeMark -> Main Room: yes, everybody looking for huge rally
2008-10-21 19:53:15 [Message] denleo -> Main Room: sentiment indicators show that too
2008-10-21 19:53:16 [Message] fib_1618 -> Main Room: based on?
2008-10-21 19:53:24 [Message] fib_1618 -> Main Room: emotion?
2008-10-21 19:53:44 [Message] fib_1618 -> Main Room: thinking that the market crashed because it doesn't see something more longer lasting?
2008-10-21 19:53:45 [Message] TradeMark -> Main Room: based on oversold....mostly, near as I can tell
2008-10-21 19:53:58 [Message] lew -> Main Room: apparently based on a 400 point up inside low volume day, lol
2008-10-21 19:54:22 [Message] TradeMark -> Main Room: even c swenlin wrote about big rally in a recent piece
2008-10-21 19:54:29 [Message] fib_1618 -> Main Room: I would just be weary of those who were calling crash all the way up, calling for Armageddon, and then just now deciding that we're done
2008-10-21 19:55:07 [Message] fib_1618 -> Main Room: it's been an interesting read of late...both in the message board and media areas
2008-10-21 19:55:09 [Message] denleo -> Main Room: II survey is at the highest level of bears since 1994 bottom
2008-10-21 19:56:08 [Message] fib_1618 -> Main Room: so if "everyone" is trading one side, what happens to the other?
2008-10-21 19:56:26 [Message] fib_1618 -> Main Room: prediction
2008-10-21 19:56:26 [Message] lew -> Main Room: the usual
2008-10-21 19:56:40 [Message] fib_1618 -> Main Room: by the time this triangle is done, you will see a lot of white towels
2008-10-21 19:56:54 [Message] fib_1618 -> Main Room: no one will know which way we're going to go
2008-10-21 19:57:15 [Message] fib_1618 -> Main Room: well...that's a pretty general comment, but I hope you know what I'm saying
2008-10-21 19:57:31 [Message] fib_1618 -> Main Room: those who loaded up last week, will first start to "cut back"
2008-10-21 19:57:41 [Message] fib_1618 -> Main Room: they'll start to "rethink" things
2008-10-21 19:58:02 [Message] fib_1618 -> Main Room: especially if they see these same "oversold" indicators go to "overbought" and feel like they have been in the middle of a tug of war
2008-10-21 19:59:13 [Message] fib_1618 -> Main Room: the OEX breadth MCO also snapped back just below its zero line today after breaking above it yesterday
2008-10-21 19:59:49 [Message] fib_1618 -> Main Room: and it was able to move above the little double top we talked about last week which would confirm a 4th wave in progress
2008-10-21 19:59:58 [Message] fib_1618 -> Main Room: I wonder...let me check something - brb
2008-10-21 20:00:35 [Message] fib_1618 -> Main Room: thought so... http://stockcharts.com/c-sc/sc?s=$NYMO&p=D&st=2008-01-01&i=p85139122919&a=14317472&r=625
2008-10-21 20:00:53 [Message] fib_1618 -> Main Room: http://stockcharts.com/c-sc/sc?s=$NAMO&p=D&st=2008-01-01&i=p93017193079&a=14317478&r=337
2008-10-21 20:00:59 [Message] fib_1618 -> Main Room: looks like its time for a rest
2008-10-21 20:01:21 [Message] fib_1618 -> Main Room: which would be consistent to the {d} wave idea
2008-10-21 20:01:38 [Message] fib_1618 -> Main Room: bounce off the 50% line for wave {e}
2008-10-21 20:01:51 [Message] fib_1618 -> Main Room: fail to make new highs on the stochastic, and down we go
2008-10-21 20:01:55 [Message] denleo -> Main Room: AAII survey bears exceeded 60% last week for the first time since November 1990. Well, maybe I am wrong about sentiment here. Who cares, I will go with the majority then.
2008-10-21 20:02:19 [Message] fib_1618 -> Main Room: well..the news hasn't been that good, has it?
2008-10-21 20:02:29 [Message] fib_1618 -> Main Room: no less many losing their shirts
2008-10-21 20:02:48 [Message] fib_1618 -> Main Room: wonder what it would be after a week of chop?
2008-10-21 20:03:26 [Message] fib_1618 -> Main Room: with people having short term memories when it comes to things like this, if the bears dropped to 50% or lower, maybe that would help the bearish resolution?
2008-10-21 20:03:46 [Message] fib_1618 -> Main Room: AAII is a daily poll, right?
2008-10-21 20:04:17 [Message] denleo -> Main Room: I am looking at DP
2008-10-21 20:04:29 [Message] fib_1618 -> Main Room: looking at DP - the bears are at 41?
2008-10-21 20:04:48 [Message] fib_1618 -> Main Room: enough of a switch?
2008-10-21 20:05:01 [Message] fib_1618 -> Main Room: http://www.decisionpoint.com/prime/dailycharts/0aaii.html
2008-10-21 20:05:10 [Message] denleo -> Main Room: Yep
2008-10-21 20:05:28 [Message] fib_1618 -> Main Room: looks pretty even - 40/40
2008-10-21 20:05:32 [Message] denleo -> Main Room: good, then I am not with the majority
2008-10-21 20:05:34 [Message] fib_1618 -> Main Room: indecision
2008-10-21 20:05:46 [Message] fib_1618 -> Main Room: just like the MCO's
2008-10-21 20:05:50 [Message] fib_1618 -> Main Room: just like the triangle
2008-10-21 20:06:10 [Message] fib_1618 -> Main Room: so using this idea further
2008-10-21 20:06:32 [Message] fib_1618 -> Main Room: I wouldn't be surprised to see something like a 30/30/40 reading as we approach the apex
2008-10-21 20:06:52 [Message] fib_1618 -> Main Room: triangles are great patterns to watch and to learn from
2008-10-21 20:07:01 [Message] fib_1618 -> Main Room: but you can killed if you try to get cute
2008-10-21 20:07:35 [Message] fib_1618 -> Main Room: the Dow breadth MCO found resistance at its zero line
2008-10-21 20:07:44 [Message] fib_1618 -> Main Room: time for a breather there too
2008-10-21 20:08:01 [Message] fib_1618 -> Main Room: with lower lows in the Dow breadth MCSUM
2008-10-21 20:08:06 [Message] fib_1618 -> Main Room: as we talked about last week
2008-10-21 20:08:15 [Message] fib_1618 -> Main Room: until the MCSUM's start moving higher again, the market will remain heavy
2008-10-21 20:08:31 [Message] fib_1618 -> Main Room: keeping in mind that
2008-10-21 20:08:50 [Message] fib_1618 -> Main Room: the higher the number on the MCSUM, the further away the 19 and 39 day EMA's are from each other
2008-10-21 20:09:07 [Message] TradeMark -> Main Room: Any idea how low this 4th wave goes in this triangle? basis spx cash
2008-10-21 20:09:17 [Message] fib_1618 -> Main Room: of course, they are quite stretched, and beg for some sort of snapback
2008-10-21 20:09:42 [Message] fib_1618 -> Main Room: but these same EMA's would not be moving in the direction of the MCSUM if the raw breadth data was showing any kind of firming
2008-10-21 20:10:02 [Message] fib_1618 -> Main Room: the minimal objective is .618 times the length of wave {c}
2008-10-21 20:10:38 [Message] fib_1618 -> Main Room: but being that it's a symmetrical triangle, a second touch of the lower boundary line would also be something to look for
2008-10-21 20:10:43 [Message] fib_1618 -> Main Room: 910
2008-10-21 20:11:07 [Message] fib_1618 -> Main Room: as we continue to move into the apex, it will be harder to day trade
2008-10-21 20:11:18 [Message] fib_1618 -> Main Room: as the swings will start to get smaller
2008-10-21 20:11:32 [Message] fib_1618 -> Main Room: and getting 30 SPX points will be harder to get
2008-10-21 20:11:46 [Message] fib_1618 -> Main Room: and since we're now all used to these wide swings
2008-10-21 20:12:10 [Message] fib_1618 -> Main Room: your daily profit is not going to be as outstanding as it has been
2008-10-21 20:12:18 [Message] fib_1618 -> Main Room: it will get back to a more normal range
2008-10-21 20:12:46 [Message] fib_1618 -> Main Room: and we will be saying things like..."remember the days after the great crash of 2008"?
2008-10-21 20:12:54 [Message] TradeMark -> Main Room: boo, just getting used to 5% swings
2008-10-21 20:13:00 [Message] fib_1618 -> Main Room:
2008-10-21 20:13:10 [Message] fib_1618 -> Main Room: just keep in mind that this is not usual
2008-10-21 20:13:34 [Message] fib_1618 -> Main Room: sort of like what everybody compares the prior 5 year uptrend with that of the 1999-2002 market period
2008-10-21 20:13:41 [Message] fib_1618 -> Main Room: boring
2008-10-21 20:13:51 [Message] fib_1618 -> Main Room: which makes you complacent
2008-10-21 20:14:07 [Message] fib_1618 -> Main Room: and then you get very low readings in volatility
2008-10-21 20:14:20 [Message] fib_1618 -> Main Room: in which we're making up for now
2008-10-21 20:14:35 [Message] fib_1618 -> Main Room: but there will be another time in which this again take place
2008-10-21 20:14:55 [Message] fib_1618 -> Main Room: this is why we shouldn't care which direction the market wants to go, only that we're on the train
2008-10-21 20:15:31 [Message] fib_1618 -> Main Room: same weak configurations with the MID breadth MCO and MCSUM
2008-10-21 20:15:49 [Message] fib_1618 -> Main Room: zero line resistance - broke above the small double top
2008-10-21 20:16:00 [Message] fib_1618 -> Main Room: add the SML
2008-10-21 20:16:27 [Message] fib_1618 -> Main Room: and the TM breadth MCO looks a bit like the composite NYSE data
2008-10-21 20:16:36 [Message] fib_1618 -> Main Room: and if we look down at the TM breadth MCSUM
2008-10-21 20:16:46 [Message] fib_1618 -> Main Room: is that a "ledge" formation I see?
2008-10-21 20:17:02 [Message] fib_1618 -> Main Room: sure looks like one
2008-10-21 20:17:05 [Message] fib_1618 -> Main Room: and if that's the case
2008-10-21 20:17:08 [Message] fib_1618 -> Main Room: we know two things
2008-10-21 20:17:20 [Message] fib_1618 -> Main Room: one...that ledges are created to "fall off of"
2008-10-21 20:17:22 [Message] fib_1618 -> Main Room: and two...the formation of ledges usually take place prior to the final move lower in a declining MCSUM pattern
2008-10-21 20:18:13 [Message] TradeMark -> Main Room: how can you fall from this height (or lack thereof)?
2008-10-21 20:18:21 [Message] fib_1618 -> Main Room: which would again work well with the anticipation of the market moving lower to retest the prior lows
2008-10-21 20:18:33 [Message] fib_1618 -> Main Room: well...it might not be that much of a fall
2008-10-21 20:18:40 [Message] fib_1618 -> Main Room: but the pattern suggests that this will happen
2008-10-21 20:19:00 [Message] fib_1618 -> Main Room: it could be a data point below the prior low...or it could be another 300-500 data points
2008-10-21 20:19:31 [Message] TradeMark -> Main Room: prior low ....what 10% or so down....from here
2008-10-21 20:19:37 [Message] fib_1618 -> Main Room: put it under the category of "pattern recognition" and what it may imply
2008-10-21 20:19:42 [Message] fib_1618 -> Main Room: don't know
2008-10-21 20:19:48 [Message] fib_1618 -> Main Room: and that's the fun
2008-10-21 20:20:01 [Message] fib_1618 -> Main Room: when we're looking at the internal data
2008-10-21 20:20:11 [Message] fib_1618 -> Main Room: we never really know what will cause people to change their minds
2008-10-21 20:20:23 [Message] TradeMark -> Main Room: well maybe 12% DOWN
2008-10-21 20:20:32 [Message] fib_1618 -> Main Room: and this has a direct relationship to prices themselves
2008-10-21 20:20:37 [Message] fib_1618 -> Main Room: all I know is
2008-10-21 20:20:53 [Message] fib_1618 -> Main Room: I still have measuring gap downside objectives still open
2008-10-21 20:21:10 [Message] fib_1618 -> Main Room: for the cash SPX...724/588
2008-10-21 20:21:26 [Message] TradeMark -> Main Room: 588.....ouch
2008-10-21 20:21:34 [Message] fib_1618 -> Main Room: so even if we only see a data point below the previous MCSUM lows
2008-10-21 20:21:53 [Message] fib_1618 -> Main Room: this only shows us what the broader animal is doing
2008-10-21 20:22:16 [Message] fib_1618 -> Main Room: and not so much anything that might gives us the weight to move to these same price objectives
2008-10-21 20:22:18 [Message] fib_1618 -> Main Room: for example, we can still reach these downside objectives while the MCSUM moves higher
2008-10-21 20:22:55 [Message] fib_1618 -> Main Room: remember, just because the MCSUM turns around, doesn't necessarily mean that price will follow
2008-10-21 20:23:28 [Message] fib_1618 -> Main Room: being that we are at high extremes, it's going to take time for the troops to build up enough strength to take on the larger battles
2008-10-21 20:24:14 [Message] fib_1618 -> Main Room: so for those who may be excited that the MCSUM's have stopped moving lower
2008-10-21 20:24:18 [Message] fib_1618 -> Main Room: don't be
2008-10-21 20:25:06 [Message] fib_1618 -> Main Room: it's going to take time to build a new platform in which to walk on, but first, we need to stand
2008-10-21 20:25:16 [Message] fib_1618 -> Main Room: and we're not standing yet
2008-10-21 20:25:28 [Message] fib_1618 -> Main Room: we're trying to...but then we fall down again
2008-10-21 20:25:36 [Message] fib_1618 -> Main Room: up 200 one day
2008-10-21 20:25:40 [Message] fib_1618 -> Main Room: down 300 the next
2008-10-21 20:25:44 [Message] fib_1618 -> Main Room: up 400 one day
2008-10-21 20:25:49 [Message] fib_1618 -> Main Room: down 200 the next
2008-10-21 20:25:55 [Message] fib_1618 -> Main Room: we're still not stable
2008-10-21 20:26:30 [Message] TradeMark -> Main Room: Notice Nikkei opening down....must not have heard about AAPL?
2008-10-21 20:27:37 [Message] doc -> Main Room: Fib, what upside move on the SPX would negate the triangle idea and what downside move would suggest to you that wave 5 down is on??
2008-10-21 20:28:40 [Message] mojave -> Main Room: (late comment, not to distract: AAII is weekly, on Weds, published Thurs)
2008-10-21 20:29:38 [Message] TradeMark -> Main Room: thanks mo....don't look at it very much often
2008-10-21 20:30:08 [Message] fib_1618 -> Main Room: yes, thanks MO
2008-10-21 20:30:15 [Message] fib_1618 -> Main Room: (I like that!)
2008-10-21 20:30:22 [Message] fib_1618 -> Main Room: hi doc - for the triangle to be destroyed
2008-10-21 20:30:36 [Message] doc -> Main Room: hello
2008-10-21 20:30:39 [Message] fib_1618 -> Main Room: we would have to take out the highs of 10/14
2008-10-21 20:30:52 [Message] dave -> Main Room: hi dave
2008-10-21 20:30:57 [Message] fib_1618 -> Main Room: which was the .382 retracement level of the 3rd wave decline
2008-10-21 20:31:03 [Message] dave -> Main Room: been logged on, just caught up with the reading
2008-10-21 20:31:43 [Message] fib_1618 -> Main Room: so...watcha think Dave?
2008-10-21 20:31:57 [Message] doc -> Main Room: and what would signal that wave 5 is on?
2008-10-21 20:32:06 [Message] fib_1618 -> Main Room: a break below wave {b}
2008-10-21 20:32:07 [Message] dave -> Main Room: i think symmetrical triangle
2008-10-21 20:32:23 [Message] dave -> Main Room: taking longer than i expected, but that's the beauty of a triangle - where everyone gets it wrong
2008-10-21 20:32:46 [Message] doc -> Main Room: below 865 then
2008-10-21 20:32:52 [Message] fib_1618 -> Main Room: the first move into a triangle, and then its first retracement point, are your resistance and support points
2008-10-21 20:33:08 [Message] doc -> Main Room: gotcha
2008-10-21 20:33:10 [Message] fib_1618 -> Main Room: well...we know this to be true
2008-10-21 20:33:24 [Message] fib_1618 -> Main Room: triangles are the most frustrating of all chart patterns
2008-10-21 20:33:34 [Message] dave -> Main Room: bad news doesn't get sold and people call the bottoms
2008-10-21 20:33:41 [Message] fib_1618 -> Main Room: they are "time consuming" patterns...waiting for more information
2008-10-21 20:33:46 [Message] dave -> Main Room: until the 1000th cut comes
2008-10-21 20:33:59 [Message] fib_1618 -> Main Room: and this is what causes 5th wave panics
2008-10-21 20:34:05 [Message] dave -> Main Room: yep
2008-10-21 20:34:11 [Message] fib_1618 -> Main Room: the prior crash becomes a distant memory
2008-10-21 20:34:16 [Message] fib_1618 -> Main Room: things are "settling down"
2008-10-21 20:34:22 [Message] fib_1618 -> Main Room: we are "basing"
2008-10-21 20:34:42 [Message] dave -> Main Room: dave, was thinking about this minute 4, and the time it is taking, then was thinking about the frustration that the minor and intermediate 4's will bring
2008-10-21 20:34:43 [Message] fib_1618 -> Main Room: and then the rug is pulled, and people scream - "NOT AGAIN...GET ME OUT!"
2008-10-21 20:34:51 [Message] dave -> Main Room: people going to tear their hair out
2008-10-21 20:35:09 [Message] fib_1618 -> Main Room: my thinking...looking ahead
2008-10-21 20:35:22 [Message] fib_1618 -> Main Room: I would expect Minor 4 to probably be a flat
2008-10-21 20:35:31 [Message] fib_1618 -> Main Room: could be a triangle
2008-10-21 20:35:38 [Message] fib_1618 -> Main Room: but with the timing as it is
2008-10-21 20:35:45 [Message] dave -> Main Room: jeez the 4's and 5's going to take like 6 months or longer
2008-10-21 20:35:55 [Message] fib_1618 -> Main Room: and Minute wave 5 probably ending just before the election
2008-10-21 20:35:58 [Message] denleo -> Main Room: Exactly, I am fully positioned for that. And willing to sit through more of a chop. The downside should be fun. But I am not sure how low we will go when we break 835.
2008-10-21 20:36:00 [Message] fib_1618 -> Main Room: and with the race being as tight as it is....could be a repeat of what we saw in 2000 is shaping up
2008-10-21 20:36:43 [Message] fib_1618 -> Main Room: in any event...the next 4 months or so are going to be chaotic
2008-10-21 20:36:51 [Message] dave -> Main Room: dave, I'm so happy you just said that, the media outlets making it seem that obama's 8 point lead guarantees him victory, talking like its over
2008-10-21 20:36:54 [Message] dave -> Main Room: i don't see it
2008-10-21 20:37:02 [Message] fib_1618 -> Main Room: and will only calm down as we move closer to the MCSUM zero lines
2008-10-21 20:37:21 [Message] fib_1618 -> Main Room: funny..I'm seeing 3 to 4 point leads all over the place
2008-10-21 20:37:28 [Message] fib_1618 -> Main Room: I guess it all depends on what you want to report...to shape opinion
2008-10-21 20:37:34 [Message] fib_1618 -> Main Room: after all, many in Washington are already setting up after parties (which is insulting to the voters)
2008-10-21 20:37:51 [Message] fib_1618 -> Main Room: "the election is over"
2008-10-21 20:38:00 [Message] fib_1618 -> Main Room: we'll see
2008-10-21 20:38:27 [Message] dave -> Main Room: front page of cnn.com then click politics, first line says 9 pts
2008-10-21 20:38:39 [Message] fib_1618 -> Main Room: yup...that's CNN
2008-10-21 20:38:42 [Message] denleo -> Main Room: what about FOX?
2008-10-21 20:38:49 [Message] dave -> Main Room: yep, most media outlets are democratic leaning
2008-10-21 20:38:53 [Message] fib_1618 -> Main Room: and I'm sure that MSNBC says 11
2008-10-21 20:38:57 [Message] dave -> Main Room: that's the point i failed to make above
2008-10-21 20:39:02 [Message] denleo -> Main Room: when I watch FOX, my TV turns to the right.
2008-10-21 20:39:13 [Message] denleo -> Main Room: FOX must say McCain is winning
2008-10-21 20:39:21 [Message] fib_1618 -> Main Room: funny...FOX is not even close to being right
2008-10-21 20:39:29 [Message] fib_1618 -> Main Room: really?
2008-10-21 20:39:42 [Message] fib_1618 -> Main Room: Murdock is/was a big Hillary supporter
2008-10-21 20:39:45 [Message] mojave -> Main Room: 'likely voters' often don't vote...
2008-10-21 20:40:11 [Message] mojave -> Main Room: Murdock's WIFE is... and we all know how that goes...
2008-10-21 20:40:17 [Message] dave -> Main Room: hillary is obama supporter which equals murdock for obama
2008-10-21 20:40:23 [Message] fib_1618 -> Main Room: at this point, I have faith in the American people in making the correct choice
2008-10-21 20:40:45 [Message] dave -> Main Room: is there a correct choice? does it matter?
2008-10-21 20:41:05 [Message] fib_1618 -> Main Room: it's been quite a season...and I'm sure it won't be over after November 4th
2008-10-21 20:41:10 [Message] dave -> Main Room: even if they do elect a candidate, will he take office? (gore)
2008-10-21 20:41:18 [Message] fib_1618 -> Main Room: the American people will decide what they want
2008-10-21 20:41:25 [Message] TradeMark -> Main Room: well you get choice of bad or less bad
2008-10-21 20:41:56 [Message] fib_1618 -> Main Room: the President is elected by the Electoral College...period - it's never been a popularity contest - the founding fathers saw to that
2008-10-21 20:42:04 [Message] mojave -> Main Room: maybe we need more time to think about it... more debates, etc
2008-10-21 20:42:04 [Message] fib_1618 -> Main Room: and it's the fairest way to do it
2008-10-21 20:42:16 [Message] fib_1618 -> Main Room: the debates give you nothing
2008-10-21 20:42:20 [Message] mojave -> Main Room: let's take 3 yrs to decide...
2008-10-21 20:42:32 [Message] fib_1618 -> Main Room: the debates are orchestrated
2008-10-21 20:42:34 [Message] dave -> Main Room: dave, any ideas on which sectors or index will be the weakest and/or hold up the best in minute 5?
2008-10-21 20:42:41 [Message] fib_1618 -> Main Room: there is no use in debating
2008-10-21 20:42:52 [Message] fib_1618 -> Main Room: not yet Dave
2008-10-21 20:42:58 [Message] fib_1618 -> Main Room: we'll have to monitor wave 5 to let us know
2008-10-21 20:43:04 [Message] fib_1618 -> Main Room: but if I were a betting man
2008-10-21 20:43:18 [Message] dave -> Main Room: (you are, right)?
2008-10-21 20:43:22 [Message] fib_1618 -> Main Room: I would look at the sectors that led the move INTO the crash as the ones that would lag
2008-10-21 20:43:39 [Message] fib_1618 -> Main Room: I don't bet...I prefer odds
2008-10-21 20:43:44 [Message] fib_1618 -> Main Room:
2008-10-21 20:43:56 [Message] dave -> Main Room: you bet, just with odds in your favor
2008-10-21 20:44:00 [Message] dave -> Main Room: still a bet
2008-10-21 20:44:05 [Message] dave -> Main Room: not a gamble
2008-10-21 20:44:12 [Message] fib_1618 -> Main Room: semantics
2008-10-21 20:44:15 [Message] fib_1618 -> Main Room:
2008-10-21 20:44:17 [Message] dave -> Main Room: lol
2008-10-21 20:44:33 [Message] doc -> Main Room: so when exactly are you expecting wave 5 to begin?
2008-10-21 20:44:35 [Message] fib_1618 -> Main Room: as you look through the Volume MCO's tonight, you will notice that all of them have not been able to move above their MCO resistance areas
2008-10-21 20:45:02 [Message] fib_1618 -> Main Room: and in some cases, above their zero lines
2008-10-21 20:45:15 [Message] fib_1618 -> Main Room: wave 5?
2008-10-21 20:45:20 [Message] fib_1618 -> Main Room: the way the triangle is unwinding, we should be in the meat of it this time next Tuesday
2008-10-21 20:45:50 [Message] fib_1618 -> Main Room: finish {d} by Thursday morning
2008-10-21 20:45:59 [Message] fib_1618 -> Main Room: {e} by Friday's close?
2008-10-21 20:46:09 [Message] fib_1618 -> Main Room: something happens over the weekend - or doesn't - and down we go
2008-10-21 20:46:12 [Message] dave -> Main Room: i was thinking classic Thursday/Friday morning massacre, gap down, reversal Tuesday
2008-10-21 20:46:32 [Message] fib_1618 -> Main Room: could be
2008-10-21 20:46:44 [Message] fib_1618 -> Main Room: but {c} took an extra day to finish off
2008-10-21 20:46:49 [Message] fib_1618 -> Main Room: so the market is waiting for something
2008-10-21 20:46:55 [Message] fib_1618 -> Main Room: it's killing time
2008-10-21 20:47:11 [Message] fib_1618 -> Main Room: keep in mind
2008-10-21 20:47:35 [Message] fib_1618 -> Main Room: that previous retests of crash lows have taken anywhere from 4-6 weeks to happen
2008-10-21 20:47:45 [Message] fib_1618 -> Main Room: this is only week 2
2008-10-21 20:47:53 [Message] TradeMark -> Main Room: Nikkei even more down.....Dennis, you may get your short entry opportunity on the open
2008-10-21 20:47:55 [Message] dave -> Main Room: this not a retest
2008-10-21 20:48:09 [Message] denleo -> Main Room: I am already short
2008-10-21 20:48:11 [Message] fib_1618 -> Main Room: anyway...the volume side of things is not looking very promising right now
2008-10-21 20:48:27 [Message] fib_1618 -> Main Room: you're holding overnight?
2008-10-21 20:48:28 [Message] denleo -> Main Room: from spooz 967 two hours ago
2008-10-21 20:48:42 [Message] dave -> Main Room: i am
2008-10-21 20:48:44 [Message] dave -> Main Room: have been
2008-10-21 20:48:44 [Message] fib_1618 -> Main Room: boy...you want to squeeze everything out, don't you?
2008-10-21 20:48:46 [Message] denleo -> Main Room: I am holding for at least 200 points
2008-10-21 20:48:49 [Message] dave -> Main Room: for 3 days
2008-10-21 20:49:04 [Message] fib_1618 -> Main Room: excellent Dennis!
2008-10-21 20:49:15 [Message] fib_1618 -> Main Room: you shorted at 15:00?
2008-10-21 20:49:19 [Message] denleo -> Main Room: I hope it will be 200
2008-10-21 20:49:38 [Message] denleo -> Main Room: about 2 hours ago
2008-10-21 20:49:46 [Message] denleo -> Main Room: right before the chat
2008-10-21 20:49:59 [Message] TradeMark -> Main Room: I am short too...need to look for more funds to add
2008-10-21 20:50:02 [Message] fib_1618 -> Main Room: good skill to you (both)!
2008-10-21 20:50:05 [Message] dave -> Main Room: the overnights are not short and holds or buy and holds for me, been trading in and out, keeping some short at all times in case minute 4 doesn't finish a triangle
2008-10-21 20:50:08 [Message] apconcen -> Main Room: fox not even right wing.... so fun this election cycle...no more disturbance from me Fib
2008-10-21 20:50:13 [Message] fib_1618 -> Main Room: CVI's are on the bullish side of neutral
2008-10-21 20:50:26 [Message] fib_1618 -> Main Room: the STVO's are neutral...one side is about to take control
2008-10-21 20:50:36 [Message] fib_1618 -> Main Room: and the VTO's continue to scrap the floor
2008-10-21 20:50:44 [Message] fib_1618 -> Main Room: lol - you finally agree with me then AP?
2008-10-21 20:51:51 [Message] fib_1618 -> Main Room: I don't know how anyone can stand listening to all of this election "crap"
2008-10-21 20:52:04 [Message] fib_1618 -> Main Room: but I will say this
2008-10-21 20:52:09 [Message] TradeMark -> Main Room: that is what mute button is for
2008-10-21 20:52:16 [Message] fib_1618 -> Main Room: if BO doesn't win...oh boy...
2008-10-21 20:52:44 [Message] fib_1618 -> Main Room: NYSE TRIN at 1.70
2008-10-21 20:52:57 [Message] fib_1618 -> Main Room: Open 10 at 1.08
2008-10-21 20:53:06 [Message] fib_1618 -> Main Room: wow
2008-10-21 20:53:09 [Message] apconcen -> Main Room: they r in full desperation mode...ayers..wright...palin ready to lead...nothing is working as the social mood has changed...and barack ain't kerry or gore...even fox will be surprised at the landslide when those 'lazy' minorities actually show up to vote..310 electoral votes is my prediction
2008-10-21 20:53:36 [Message] fib_1618 -> Main Room: you might be very surprised...we'll see
2008-10-21 20:53:45 [Message] fib_1618 -> Main Room: amazing! NASDAQ TRIN at 3.05
2008-10-21 20:54:04 [Message] fib_1618 -> Main Room: Open 10 at 1.10
2008-10-21 20:55:31 [Message] fib_1618 -> Main Room: TM TRIN at 2.62
2008-10-21 20:55:40 [Message] fib_1618 -> Main Room: Open 10 at 1.11
2008-10-21 20:55:42 [Message] doc -> Main Room: normally, we'd say the market has a good floor, but not now...
2008-10-21 20:56:11 [Message] fib_1618 -> Main Room: nope...it would have a good floor if were either closer to the zero line, or, we were moving higher in the MCSUM's
2008-10-21 20:56:32 [Message] fib_1618 -> Main Room: we still have to look for the expectation that we're going to see some VERY high TRIN numbers before this all said and done
2008-10-21 20:56:47 [Message] fib_1618 -> Main Room: TRIN numbers reach their peak in 5th waves
2008-10-21 20:57:02 [Message] fib_1618 -> Main Room: Volatility numbers reach their peak in 3rd waves
2008-10-21 20:57:19 [Message] fib_1618 -> Main Room: boy...there was a lot of downside selling today
2008-10-21 20:57:37 [Message] fib_1618 -> Main Room: last week, we would had been down 700 points
2008-10-21 20:57:55 [Message] fib_1618 -> Main Room: seems folks are getting itchy trigger fingers
2008-10-21 20:57:57 [Message] TradeMark -> Main Room: VIX been grinding lower last few days.....
2008-10-21 20:58:08 [Message] fib_1618 -> Main Room: and should diverge in wave 5
2008-10-21 20:58:13 [Message] fib_1618 -> Main Room: always the expectation
2008-10-21 20:58:20 [Message] fib_1618 -> Main Room: anything else?
2008-10-21 20:58:42 [Message] whipsaw101 -> Main Room: dave quick recap then, triangle is minute iv, v coming, then 4 and 5 then (4) and (5)
2008-10-21 20:59:00 [Message] fib_1618 -> Main Room: yes Chris
2008-10-21 20:59:04 [Message] whipsaw101 -> Main Room: tks
2008-10-21 20:59:07 [Message] lew -> Main Room: great takes as usual, Fib, THX much!
2008-10-21 20:59:08 [Message] fib_1618 -> Main Room: still a long way to go
2008-10-21 20:59:14 [Message] fib_1618 -> Main Room: btw
2008-10-21 20:59:19 [Message] fib_1618 -> Main Room: gold now in wave B of a triangle of its own
2008-10-21 20:59:20 [Message] dave -> Main Room: thanks dave
2008-10-21 20:59:28 [Message] doc -> Main Room: the internals you post for gold sure have shown themselves to lead the way, kudos
2008-10-21 20:59:32 [Message] dave -> Main Room: can you post link ?
2008-10-21 20:59:41 [Message] fib_1618 -> Main Room: for the gold count?
2008-10-21 20:59:49 [Message] dave -> Main Room: yes, showing b?
2008-10-21 20:59:58 [Message] fib_1618 -> Main Room: yes....breadth does provide a good leading indication of price, doesn't it?
2008-10-21 21:00:37 [Message] fib_1618 -> Main Room: sure, as of 10/10 - http://www.technicalwatch.com/forum08/elliottgold101008.gif
2008-10-21 21:00:46 [Message] fib_1618 -> Main Room: now in B
2008-10-21 21:00:53 [Message] fib_1618 -> Main Room: complex correction
2008-10-21 21:01:02 [Message] dave -> Main Room: thanks dave
2008-10-21 21:01:08 [Message] fib_1618 -> Main Room: so this would be wave "B" of the triangle which is a larger wave {B}
2008-10-21 21:01:23 [Message] fib_1618 -> Main Room: OK...if there's nothing else
2008-10-21 21:01:31 [Message] fib_1618 -> Main Room: enjoy the next couple of days of to and fro, and we'll chat again on Thursday
2008-10-21 21:01:40 [Message] fib_1618 -> Main Room: good night



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