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fib_1618

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Posts: 4,529
Reply with quote  #1 
2014-10-21 16:00:59 [Message] fib_1618 -> Chat: good day
2014-10-21 16:01:04 [Message] fib_1618 -> Chat: how is everyone?
2014-10-21 16:01:25 [Message] unc1998 -> Chat: doing well, hope you are
2014-10-21 16:01:44 [Message] rite01 -> Chat: Great
2014-10-21 16:01:51 [Message] fib_1618 -> Chat: doing fine...thanks
2014-10-21 16:02:08 [Message] fib_1618 -> Chat: quite a ride, huh?
2014-10-21 16:02:28 [Message] unc1998 -> Chat: crazy week  lol
2014-10-21 16:02:43 [Message] rite01 -> Chat: Yep! although I was a little late for this one
2014-10-21 16:03:05 [Message] unc1998 -> Chat: did well on the short side, but haven't ridden the bull move yet
2014-10-21 16:03:26 [Message] rite01 -> Chat: Yes thanks to you
2014-10-21 16:04:16 [Message] fib_1618 -> Chat: that's OK...being in cash right now is not a bad idea
2014-10-21 16:04:35 [Message] unc1998 -> Chat: getting close to a Zweig breadth thrust signal
2014-10-21 16:04:36 [Message] fib_1618 -> Chat: any questions or comments before we get started??
2014-10-21 16:04:46 [Message] fib_1618 -> Chat: will check on that
2014-10-21 16:06:03 [Message] rite01 -> Chat: Unc and it looks like in record time?
2014-10-21 16:06:44 [Message] unc1998 -> Chat: yep, and i never thought we would have this kind of move this soon
2014-10-21 16:07:25 [Message] rite01 -> Chat: Nor I
2014-10-21 16:08:23 [Message] fib_1618 -> Chat: checking
2014-10-21 16:09:11 [Message] fib_1618 -> Chat: SMA at 53%
2014-10-21 16:09:32 [Message] fib_1618 -> Chat: EMA at whoa!!
2014-10-21 16:09:39 [Message] fib_1618 -> Chat: 59%?
2014-10-21 16:10:06 [Message] unc1998 -> Chat: [smile]
2014-10-21 16:10:26 [Message] fib_1618 -> Chat: so the countdown began on the 14th
2014-10-21 16:10:35 [Message] fib_1618 -> Chat: day 6
2014-10-21 16:10:43 [Message] fib_1618 -> Chat: that's pretty strong
2014-10-21 16:10:55 [Message] fib_1618 -> Chat: I'll check tonight to see what the raw data shows
2014-10-21 16:11:04 [Message] fib_1618 -> Chat: keeping in mind that SC includes unchanged issues
2014-10-21 16:11:15 [Message] fib_1618 -> Chat: but nothing to sneeze at
2014-10-21 16:11:20 [Message] unc1998 -> Chat: thanks
2014-10-21 16:11:27 [Message] fib_1618 -> Chat: OK....let's get SC up and get started
2014-10-21 16:12:27 [Message] fib_1618 -> Chat: what the heck is going on here?!?!
2014-10-21 16:12:30 [Message] fib_1618 -> Chat: lol
2014-10-21 16:12:33 [Message] fib_1618 -> Chat: I love the market!
2014-10-21 16:12:50 [Message] fib_1618 -> Chat: OK...well...let me look at the data in 3 year time
2014-10-21 16:12:52 [Message] fib_1618 -> Chat: and here we go
2014-10-21 16:12:59 [Message] fib_1618 -> Chat: after bottoming last week
2014-10-21 16:13:00 [Message] fib_1618 -> Chat: lol
2014-10-21 16:13:05 [Message] fib_1618 -> Chat: this is too funny
2014-10-21 16:13:20 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO has exploded to the upside
2014-10-21 16:13:30 [Message] fib_1618 -> Chat: at now resides at 52 week highs
2014-10-21 16:13:49 [Message] fib_1618 -> Chat: unfortunately though
2014-10-21 16:13:52 [Message] fib_1618 -> Chat: when we look at the components
2014-10-21 16:14:03 [Message] fib_1618 -> Chat: we only have the 10% Trend above its zero line
2014-10-21 16:14:15 [Message] fib_1618 -> Chat: while the 5% remains below this same demarcation line
2014-10-21 16:15:11 [Message] fib_1618 -> Chat: the MCO itself is at its highest level since September of last year
2014-10-21 16:15:22 [Message] fib_1618 -> Chat: and if the NYSE Composite is anywhere near these same high levels
2014-10-21 16:15:44 [Message] fib_1618 -> Chat: this would then cancel off any downside price targets that were generated earlier this month
2014-10-21 16:16:04 [Message] fib_1618 -> Chat: although
2014-10-21 16:16:21 [Message] fib_1618 -> Chat: missing the target on the NYA by only 100 points isn't such a bad thing [smile]
2014-10-21 16:17:02 [Message] fib_1618 -> Chat: so moving to the NYSE Composite breadth MCO
2014-10-21 16:17:12 [Message] fib_1618 -> Chat: and we have also moved to new high ground this week
2014-10-21 16:17:31 [Message] fib_1618 -> Chat: so we now have a price bottom in place
2014-10-21 16:17:44 [Message] fib_1618 -> Chat: and a divergent one at that
2014-10-21 16:18:01 [Message] fib_1618 -> Chat: so we have a divergent breadth thrust working here
2014-10-21 16:18:21 [Message] fib_1618 -> Chat: and depending how much fuel is still to come
2014-10-21 16:18:40 [Message] fib_1618 -> Chat: our longer term target of 2250 on the SPX would be ripe for the picking
2014-10-21 16:19:25 [Message] fib_1618 -> Chat: sorry folks...I'm absorbing here
2014-10-21 16:19:28 [Message] fib_1618 -> Chat: did not expect this...but we have a good initiation thrust working here now
2014-10-21 16:20:22 [Message] fib_1618 -> Chat: putting ruler to monitor here
2014-10-21 16:20:36 [Message] fib_1618 -> Chat: and we have 3 MCSUM gap resistance zones to work with
2014-10-21 16:20:43 [Message] fib_1618 -> Chat: the first one is now in the process of being filled
2014-10-21 16:21:14 [Message] fib_1618 -> Chat: the second one is the point where we saw the MCO moved to its first bottom above the previous bottom at the beginning of October
2014-10-21 16:21:38 [Message] fib_1618 -> Chat: the third one, the most important one, is located right as the NYSE MCSUM moved down and through its zero line
2014-10-21 16:21:53 [Message] fib_1618 -> Chat: but, too be sure, this is a great start
2014-10-21 16:22:42 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO
2014-10-21 16:22:48 [Message] fib_1618 -> Chat: and here we also have a breadth thrust in progress
2014-10-21 16:23:01 [Message] fib_1618 -> Chat: as we have now taken out the August highs
2014-10-21 16:23:33 [Message] fib_1618 -> Chat: oh...and going back to the NYSE Composite components
2014-10-21 16:23:45 [Message] fib_1618 -> Chat: we inked out a buy signal there today
2014-10-21 16:23:53 [Message] fib_1618 -> Chat: so any follow through near term
2014-10-21 16:24:14 [Message] fib_1618 -> Chat: is likely to be an "all clear" to move back to an accumulation mode
2014-10-21 16:24:19 [Message] fib_1618 -> Chat: give me a moment
2014-10-21 16:24:25 [Message] fib_1618 -> Chat: want to check the cumulative charts
2014-10-21 16:24:26 [Message] fib_1618 -> Chat: one sec
2014-10-21 16:24:44 [Message] fib_1618 -> Chat: (too excited here) [smile]
2014-10-21 16:25:16 [Message] rite01 -> Chat: Deep breaths
2014-10-21 16:25:56 [Message] fib_1618 -> Chat: -20
2014-10-21 16:25:57 [Message] fib_1618 -> Chat: cash
2014-10-21 16:26:17 [Message] fib_1618 -> Chat: but there's a lot of work still yet to do for the buyers
2014-10-21 16:26:31 [Message] fib_1618 -> Chat: but the first week of November is still looking good now for a tradable low
2014-10-21 16:26:43 [Message] fib_1618 -> Chat: as long as things continue like this...
2014-10-21 16:26:50 [Message] fib_1618 -> Chat: back to the data
2014-10-21 16:27:27 [Message] fib_1618 -> Chat: and so far we're seeing a turn to the upside in the NYSE and NASDAQ MCSUM's
2014-10-21 16:27:45 [Message] fib_1618 -> Chat: and they are far enough along now where it's not likely that we'll see a fishhook
2014-10-21 16:27:46 [Message] fib_1618 -> Chat: no less
2014-10-21 16:28:00 [Message] fib_1618 -> Chat: seeing the MCO's at new highs pretty much takes that off the table
2014-10-21 16:28:40 [Message] fib_1618 -> Chat: I guess this month's OPEX was really heavy with put buyers
2014-10-21 16:29:04 [Message] fib_1618 -> Chat: which, that's not surprising given the day after day readings of being below 90 in the ISEE for 2 straight weeks
2014-10-21 16:29:17 [Message] fib_1618 -> Chat: we have now literally catapulted higher
2014-10-21 16:29:28 [Message] fib_1618 -> Chat: and we might have one of those rare V bottoms here
2014-10-21 16:29:38 [Message] fib_1618 -> Chat: I'm not convinced enough at this point though
2014-10-21 16:29:43 [Message] fib_1618 -> Chat: let's keep looking around
2014-10-21 16:30:15 [Message] fib_1618 -> Chat: OK...well the good news is that the NDX breadth MCO and its components are back to a buy signal now
2014-10-21 16:30:24 [Message] fib_1618 -> Chat: the bad news is that we remain below the August highs
2014-10-21 16:30:36 [Message] fib_1618 -> Chat: not a terrible thing
2014-10-21 16:30:49 [Message] fib_1618 -> Chat: as we have now taken out the resistance points that came after that high
2014-10-21 16:31:02 [Message] fib_1618 -> Chat: and that suggests to us that a solid price bottom is behind us
2014-10-21 16:31:21 [Message] fib_1618 -> Chat: always remember that when we see hard sell offs like the one we had into last week
2014-10-21 16:31:34 [Message] fib_1618 -> Chat: that the deeper the extreme we see in the MCO
2014-10-21 16:31:45 [Message] fib_1618 -> Chat: the better the eventual price bottom
2014-10-21 16:31:53 [Message] fib_1618 -> Chat: now thinking back to last week
2014-10-21 16:32:11 [Message] fib_1618 -> Chat: we did see how the large caps pretty much made up for lost time going into the lows of the 15th
2014-10-21 16:32:36 [Message] fib_1618 -> Chat: while the Mid Caps and Small Caps built a second textural bottom above a bottom in their MCO's
2014-10-21 16:33:03 [Message] fib_1618 -> Chat: and it was this information that suggested to us that much, if not all of the willing sellers, had been flushed out of the market
2014-10-21 16:33:21 [Message] fib_1618 -> Chat: leaving only the UNwilling sellers still yet to be shaken (not stirred [smile] )
2014-10-21 16:33:50 [Message] fib_1618 -> Chat: it is this expectation that will continue to be on our blueprint until the market proves otherwise
2014-10-21 16:33:57 [Message] fib_1618 -> Chat: this was an important day really
2014-10-21 16:34:11 [Message] fib_1618 -> Chat: as I was playing with Fibonacci targets over the last couple of days
2014-10-21 16:34:28 [Message] fib_1618 -> Chat: and the SPX closed yesterday within pennies of its .382 retracement level
2014-10-21 16:34:37 [Message] fib_1618 -> Chat: so if this were to be an unfinished impulse to the downside
2014-10-21 16:34:43 [Message] fib_1618 -> Chat: we would had moved lower today
2014-10-21 16:34:51 [Message] fib_1618 -> Chat: but instead we blew out this resistance
2014-10-21 16:34:59 [Message] fib_1618 -> Chat: and did so with expanding breadth
2014-10-21 16:35:19 [Message] fib_1618 -> Chat: now if the volume is here as well we have quite nice stew brewing
2014-10-21 16:36:07 [Message] fib_1618 -> Chat: do you know that the SPX is now up 90 points in 3 days?
2014-10-21 16:36:38 [Message] fib_1618 -> Chat: this is kind of thing that happens when we have over extended our sequence in one direction or the other
2014-10-21 16:36:44 [Message] fib_1618 -> Chat: very much like a tsunami
2014-10-21 16:37:01 [Message] fib_1618 -> Chat: as it rears back and takes away moisture from the beach
2014-10-21 16:37:32 [Message] fib_1618 -> Chat: but then comes crashing in the other direction in what Newton referred to as "for every action there is an equal and opposite reaction"
2014-10-21 16:37:41 [Message] fib_1618 -> Chat: now...
2014-10-21 16:37:54 [Message] fib_1618 -> Chat: it may not extend as far as the first wave of energy
2014-10-21 16:38:10 [Message] fib_1618 -> Chat: but it certainly will make up a good majority of the move
2014-10-21 16:38:18 [Message] fib_1618 -> Chat: it's sort of like when you were a kid
2014-10-21 16:38:30 [Message] fib_1618 -> Chat: (or you might do it still today)
2014-10-21 16:38:42 [Message] fib_1618 -> Chat: when you take your forearm in the bath tube
2014-10-21 16:38:52 [Message] fib_1618 -> Chat: and slosh the water from one end of the tub to the other just below the surface
2014-10-21 16:39:09 [Message] fib_1618 -> Chat: the first move is usually has the energy behind it (your arm)
2014-10-21 16:39:14 [Message] fib_1618 -> Chat: but once you pull it out
2014-10-21 16:39:28 [Message] fib_1618 -> Chat: the water will rush back in the other direction with the same kind of force
2014-10-21 16:39:34 [Message] fib_1618 -> Chat: and this is what is happening here
2014-10-21 16:39:38 [Message] fib_1618 -> Chat: so because of this
2014-10-21 16:39:57 [Message] fib_1618 -> Chat: and with it that we haven't seen any kind of texture on this latest move to new 52 week highs
2014-10-21 16:40:25 [Message] fib_1618 -> Chat: we have to still believe that this current reaction to October's "crash like event" is still going to provide a push in the other direction
2014-10-21 16:40:35 [Message] fib_1618 -> Chat: this is why volatility remains quite high here
2014-10-21 16:40:54 [Message] fib_1618 -> Chat: and why we continue to use this in our market forecast
2014-10-21 16:41:12 [Message] fib_1618 -> Chat: now...going back to the SPX cash chart
2014-10-21 16:42:06 [Message] fib_1618 -> Chat: and we'll note that the reflex rally has now pushed above the point from where the collapse took place a week ago Friday
2014-10-21 16:42:40 [Message] fib_1618 -> Chat: and this is a bullish sign that liquidity has now returned to the market to a point in which any further selling will tend to be easily absorbed
2014-10-21 16:42:57 [Message] fib_1618 -> Chat: we also see this with the McClellan MCO components
2014-10-21 16:43:07 [Message] fib_1618 -> Chat: where those that are back above their zero lines
2014-10-21 16:43:27 [Message] fib_1618 -> Chat: will tend to show greater support in prices on any bearish near term ambush
2014-10-21 16:43:41 [Message] fib_1618 -> Chat: so when we look at the SPX breadth MCO components
2014-10-21 16:43:50 [Message] fib_1618 -> Chat: we see that both are back above their zero lines
2014-10-21 16:44:06 [Message] fib_1618 -> Chat: which then reinforces the idea that a price bottom has been "hammered" out
2014-10-21 16:44:27 [Message] fib_1618 -> Chat: now...
2014-10-21 16:45:07 [Message] fib_1618 -> Chat: it's interesting to note that the SPX breadth MCSUM did find natural support at the -500 last week
2014-10-21 16:45:24 [Message] fib_1618 -> Chat: and currently has a reading of -434
2014-10-21 16:46:15 [Message] fib_1618 -> Chat: so until we see this MCSUM move closer, and then above its zero line, we have to expect that it's unlikely that we're not going to be able to move to new price highs on this new sequence
2014-10-21 16:46:17 [Message] fib_1618 -> Chat: however
2014-10-21 16:46:58 [Message] fib_1618 -> Chat: until the SPX breadth MCO can take out its August high point
2014-10-21 16:47:34 [Message] fib_1618 -> Chat: all that we'll be able to see here is a rally to around our previous support level of around 1985 or so
2014-10-21 16:47:53 [Message] fib_1618 -> Chat: that is, though, still another 40 points from this current juncture
2014-10-21 16:48:10 [Message] fib_1618 -> Chat: so lots to play with
2014-10-21 16:48:22 [Message] fib_1618 -> Chat: alright
2014-10-21 16:48:31 [Message] fib_1618 -> Chat: when we move to the OEX breadth MCO
2014-10-21 16:48:49 [Message] fib_1618 -> Chat: and here we have yet to take out the mid September high point
2014-10-21 16:49:27 [Message] fib_1618 -> Chat: so this adds some weight to the idea that the SPX won't be able to move past this same 1985 zone
2014-10-21 16:50:08 [Message] fib_1618 -> Chat: and here the 880 level should cap this reflex rally in progress
2014-10-21 16:50:40 [Message] fib_1618 -> Chat: the other importance in taking out the OEX high in September
2014-10-21 16:50:57 [Message] fib_1618 -> Chat: is that it will be only then when the downside target of the February lows will be taken off the table
2014-10-21 16:51:32 [Message] fib_1618 -> Chat: as we have absolutely no texture at all from the bottom we saw last week in the OEX breadth MCO
2014-10-21 16:51:54 [Message] fib_1618 -> Chat: looking at the Dow breadth MCO
2014-10-21 16:52:02 [Message] fib_1618 -> Chat: and it's weaker than the OEX at this stage
2014-10-21 16:52:04 [Message] fib_1618 -> Chat: in fact
2014-10-21 16:52:19 [Message] fib_1618 -> Chat: though the 10% component is above its zero line now
2014-10-21 16:52:28 [Message] fib_1618 -> Chat: the 5% has only snapped back to this same line
2014-10-21 16:52:33 [Message] fib_1618 -> Chat: because of this
2014-10-21 16:52:45 [Message] fib_1618 -> Chat: we should see some sort of near term resistance in the pattern as soon as tomorrow
2014-10-21 16:53:04 [Message] fib_1618 -> Chat: setting up for another attempt to move back above the zero line as soon as Thursday
2014-10-21 16:53:29 [Message] fib_1618 -> Chat: we saw new 52 week highs on the MID breadth MCO today
2014-10-21 16:53:35 [Message] fib_1618 -> Chat: checking the 3 year chart
2014-10-21 16:54:11 [Message] fib_1618 -> Chat: and this is now the highest level since the price lows of the summer of 2012
2014-10-21 16:54:33 [Message] fib_1618 -> Chat: which led to a 500 point advance in the MID
2014-10-21 16:55:17 [Message] fib_1618 -> Chat: wow...the index was up 2.32% today
2014-10-21 16:55:20 [Message] fib_1618 -> Chat: that's a huge move
2014-10-21 16:55:50 [Message] fib_1618 -> Chat: with any close above 1370
2014-10-21 16:55:58 [Message] fib_1618 -> Chat: now clearing the way for a challenge of the all time highs
2014-10-21 16:56:29 [Message] fib_1618 -> Chat: was it just a week ago that we were looking for a "crash like event"?
2014-10-21 16:56:44 [Message] fib_1618 -> Chat: talk about your abrupt turns
2014-10-21 16:56:49 [Message] fib_1618 -> Chat: but if we think about
2014-10-21 16:57:17 [Message] fib_1618 -> Chat: the constant high numbers in the put buying day after day after day
2014-10-21 16:57:26 [Message] fib_1618 -> Chat: that we KNEW that the market wasn't likely to accommodate this new majority
2014-10-21 16:57:32 [Message] fib_1618 -> Chat: and here we are
2014-10-21 16:57:53 [Message] fib_1618 -> Chat: with the MID now gaining almost 100 points in a week
2014-10-21 16:57:57 [Message] fib_1618 -> Chat: unreal!
2014-10-21 16:58:32 [Message] fib_1618 -> Chat: wow...
2014-10-21 16:58:46 [Message] fib_1618 -> Chat: I just measured the downside target for the double top on the MID
2014-10-21 16:59:01 [Message] fib_1618 -> Chat: and prices hit the target right on the money and then reversed
2014-10-21 16:59:07 [Message] fib_1618 -> Chat: amazing
2014-10-21 16:59:14 [Message] fib_1618 -> Chat: in case you are wondering
2014-10-21 16:59:33 [Message] fib_1618 -> Chat: the best way to measure a price target from a double bottom or double top
2014-10-21 16:59:50 [Message] fib_1618 -> Chat: is that you take the distance between the two points in price
2014-10-21 17:00:01 [Message] fib_1618 -> Chat: and then extend that distance from the neckline break
2014-10-21 17:00:22 [Message] fib_1618 -> Chat: so if you have a ruler handy
2014-10-21 17:00:31 [Message] fib_1618 -> Chat: and place it on your chart or monitor of the MID
2014-10-21 17:00:51 [Message] fib_1618 -> Chat: and measure that distance ( I have 1 3/8")
2014-10-21 17:01:05 [Message] fib_1618 -> Chat: and then apply that distance to the bottom of the double top
2014-10-21 17:01:29 [Message] fib_1618 -> Chat: it looks like it hit the target at 1280
2014-10-21 17:01:58 [Message] fib_1618 -> Chat: that's assuming, of course, that the daily volume measures up to the pattern
2014-10-21 17:02:12 [Message] fib_1618 -> Chat: but it's a pretty reliable forecasting tool
2014-10-21 17:02:34 [Message] fib_1618 -> Chat: anyway
2014-10-21 17:02:42 [Message] rite01 -> Chat: Thanks[smile]
2014-10-21 17:02:45 [Message] fib_1618 -> Chat: we're back to a buy signal now on the SML breadth MCO
2014-10-21 17:02:59 [Message] fib_1618 -> Chat: when you look at the charts later on
2014-10-21 17:03:06 [Message] fib_1618 -> Chat: and you see these double tops
2014-10-21 17:03:18 [Message] fib_1618 -> Chat: try it out...you'll be amazed at the forecasting consistency
2014-10-21 17:03:50 [Message] fib_1618 -> Chat: and with the SML breadth MCO back to new highs now
2014-10-21 17:04:14 [Message] fib_1618 -> Chat: the appearance of what many have pointed to as a complex head and shoulders top is no longer on the front burner
2014-10-21 17:04:35 [Message] fib_1618 -> Chat: as it has now morphed into a trading range
2014-10-21 17:05:00 [Message] fib_1618 -> Chat: not that we didn't see this coming since the summer
2014-10-21 17:05:11 [Message] fib_1618 -> Chat: but if you expand the time axis out to 3 years
2014-10-21 17:05:14 [Message] fib_1618 -> Chat: you will see the range
2014-10-21 17:05:34 [Message] fib_1618 -> Chat: we'll call it 615-620 on the low end
2014-10-21 17:05:48 [Message] fib_1618 -> Chat: and 685 on the high end
2014-10-21 17:06:20 [Message] fib_1618 -> Chat: with a brief throw over during the summer
2014-10-21 17:06:37 [Message] fib_1618 -> Chat: now...
2014-10-21 17:06:44 [Message] fib_1618 -> Chat: in order for prices to break out this range
2014-10-21 17:07:09 [Message] fib_1618 -> Chat: it's going to need to see a upside break above the longer term declining tops line that we see in the SML breadth MCSUM
2014-10-21 17:07:32 [Message] fib_1618 -> Chat: and right now that crosses just above the +250 level
2014-10-21 17:07:42 [Message] fib_1618 -> Chat: so we should continue to see volatility here as well
2014-10-21 17:07:53 [Message] fib_1618 -> Chat: but it will rather contained for several more weeks
2014-10-21 17:08:36 [Message] fib_1618 -> Chat: and the TM breadth MCO also exploded higher over the last couple of days
2014-10-21 17:08:46 [Message] fib_1618 -> Chat: as it's now at new 52 week highs
2014-10-21 17:09:13 [Message] fib_1618 -> Chat: notice also how the TM breadth MCSUM found its natural support at around the -750 level as well
2014-10-21 17:09:30 [Message] fib_1618 -> Chat: showing that these 250 incremental zones do make a difference
2014-10-21 17:10:07 [Message] fib_1618 -> Chat: and therefore provide reasonable analysis to work with
2014-10-21 17:10:12 [Message] fib_1618 -> Chat: so...
2014-10-21 17:10:24 [Message] fib_1618 -> Chat: quite an exciting turn of events here in the last 4 market days
2014-10-21 17:11:02 [Message] fib_1618 -> Chat: as our expected capitulation point of last week has led to a sharp turnabout where there's now been enough of a thrust to secure a price low for the time being
2014-10-21 17:11:12 [Message] fib_1618 -> Chat: for the bulls
2014-10-21 17:11:20 [Message] fib_1618 -> Chat: their effort is still not over yet
2014-10-21 17:11:49 [Message] fib_1618 -> Chat: as they have a lot of work still yet to do to provide a stable enough foundation to where prices can once again build on this platform
2014-10-21 17:12:19 [Message] fib_1618 -> Chat: while the bears are back to chipping away at the tons of investment capital that has returned to find a home
2014-10-21 17:12:38 [Message] fib_1618 -> Chat: this then would suggest that any pullbacks here will also be volatile
2014-10-21 17:12:48 [Message] fib_1618 -> Chat: but with the MCO's at extremes
2014-10-21 17:12:59 [Message] fib_1618 -> Chat: these same pullbacks will tend to be short in duration
2014-10-21 17:13:10 [Message] fib_1618 -> Chat: not more than 2 days...and the action rather shallow
2014-10-21 17:13:15 [Message] fib_1618 -> Chat: right now
2014-10-21 17:13:31 [Message] fib_1618 -> Chat: the broader market is back to showing leadership to the upside
2014-10-21 17:13:44 [Message] fib_1618 -> Chat: with the majors and generals bringing up the rear
2014-10-21 17:14:12 [Message] fib_1618 -> Chat: where we can now see that we have cleansed the system of its nausea
2014-10-21 17:14:29 [Message] fib_1618 -> Chat: and the major part of this "flu" has passed
2014-10-21 17:14:36 [Message] fib_1618 -> Chat: now we're in recovery mode
2014-10-21 17:14:45 [Message] fib_1618 -> Chat: let's see how the volume McClellan's are looking
2014-10-21 17:15:16 [Message] fib_1618 -> Chat: oh...this is good
2014-10-21 17:15:40 [Message] fib_1618 -> Chat: we have both the NYSE CO and Composite volume MCO's also moving with authority to the upside
2014-10-21 17:15:52 [Message] fib_1618 -> Chat: and keeping in step with their breadth cousins
2014-10-21 17:16:06 [Message] fib_1618 -> Chat: this is how major advancing trends begin
2014-10-21 17:16:42 [Message] fib_1618 -> Chat: as both lung capacity and conviction of heart have returned to the market
2014-10-21 17:17:08 [Message] fib_1618 -> Chat: keeping in mind that the market is a living, breathing entity
2014-10-21 17:17:46 [Message] fib_1618 -> Chat: where without a healthy investment capital being put to work, the market has a tough time keeping its strength up
2014-10-21 17:17:59 [Message] fib_1618 -> Chat: like we alluded to 2 weeks ago
2014-10-21 17:18:23 [Message] fib_1618 -> Chat: the market had an upset tummy and needed to hurl
2014-10-21 17:18:35 [Message] fib_1618 -> Chat: and once it was out of the way...it now feels a whole lot better
2014-10-21 17:18:45 [Message] fib_1618 -> Chat: maybe it was the idea of being at new heights
2014-10-21 17:19:01 [Message] fib_1618 -> Chat: who really knows using this kind of analogy
2014-10-21 17:19:26 [Message] fib_1618 -> Chat: but one can not help to notice the big difference that we're seeing now since last Wednesday
2014-10-21 17:20:09 [Message] fib_1618 -> Chat: and you know the best part about this?
2014-10-21 17:20:26 [Message] fib_1618 -> Chat: that it came with IBM getting the tar kicked out of it on Monday
2014-10-21 17:20:37 [Message] fib_1618 -> Chat: this was the set up
2014-10-21 17:20:48 [Message] fib_1618 -> Chat: while the NASDAQ was up 30 points or so
2014-10-21 17:21:01 [Message] fib_1618 -> Chat: IBM was holding the Dow down by...what? 95 points?
2014-10-21 17:21:16 [Message] fib_1618 -> Chat: this is why weighted averages are such a scam
2014-10-21 17:21:23 [Message] fib_1618 -> Chat: but it is what it is
2014-10-21 17:21:37 [Message] fib_1618 -> Chat: and it plays with those folks who don't know what to listen to
2014-10-21 17:21:52 [Message] fib_1618 -> Chat: where price isn't always king
2014-10-21 17:21:57 [Message] fib_1618 -> Chat: money always is
2014-10-21 17:22:39 [Message] fib_1618 -> Chat: notice how the NASDAQ volume MCSUM was able to finally turn just below the -250 level at -300
2014-10-21 17:23:30 [Message] fib_1618 -> Chat: remembering, of course, that this reversal took place with the highest downside momentum seen in the NASDAQ volume MCO since April of 2012
2014-10-21 17:24:17 [Message] fib_1618 -> Chat: that's like moving at over 100 mph and suddenly being lurched in the other direction and now going 52 mph
2014-10-21 17:24:26 [Message] fib_1618 -> Chat: talk about whiplash!
2014-10-21 17:24:52 [Message] fib_1618 -> Chat: notice how the NDX volume MCSUM found support at the zero line last week
2014-10-21 17:25:07 [Message] fib_1618 -> Chat: actually...today
2014-10-21 17:25:27 [Message] fib_1618 -> Chat: and with this abrupt turnaround
2014-10-21 17:25:32 [Message] fib_1618 -> Chat: there was a upside gap seen today
2014-10-21 17:25:59 [Message] fib_1618 -> Chat: now if the NDX breadth MCO can take out its late August high
2014-10-21 17:26:17 [Message] fib_1618 -> Chat: then the price pattern will be able to challenge the 4100 level again
2014-10-21 17:26:53 [Message] fib_1618 -> Chat: the SPX volume MCO is trailing its breadth counterpart here
2014-10-21 17:27:06 [Message] fib_1618 -> Chat: so instead of maybe moving to the 1985 level
2014-10-21 17:27:29 [Message] fib_1618 -> Chat: the highs seen at 1970 are probably all we're likely to get near term
2014-10-21 17:27:40 [Message] fib_1618 -> Chat: if we continue to improve though
2014-10-21 17:27:50 [Message] fib_1618 -> Chat: then that would be good for another 10-15 SPX points
2014-10-21 17:28:15 [Message] fib_1618 -> Chat: wow...for you Elliotticians out there
2014-10-21 17:28:30 [Message] fib_1618 -> Chat: the SPX pattern sure looks like a textbook irregular flat, doesn't it?
2014-10-21 17:28:35 [Message] fib_1618 -> Chat: let me check the volume
2014-10-21 17:30:39 [Message] fib_1618 -> Chat: volume checks
2014-10-21 17:30:44 [Message] fib_1618 -> Chat: so do the Fib extensions
2014-10-21 17:30:58 [Message] fib_1618 -> Chat: so our problem there is
2014-10-21 17:31:07 [Message] fib_1618 -> Chat: the new spike lows in the MCO's
2014-10-21 17:31:31 [Message] fib_1618 -> Chat: which wouldn't be consistent to a finishing move
2014-10-21 17:31:33 [Message] fib_1618 -> Chat: however
2014-10-21 17:31:44 [Message] fib_1618 -> Chat: if it turns out to be a irregular flat
2014-10-21 17:32:24 [Message] fib_1618 -> Chat: it's implication is that the prevailing trend going into this correction is very strong
2014-10-21 17:32:26 [Message] fib_1618 -> Chat: in this case
2014-10-21 17:32:37 [Message] fib_1618 -> Chat: the uptrend from 2012
2014-10-21 17:32:46 [Message] rite01 -> Chat: New spike lows in MCO?
2014-10-21 17:32:49 [Message] fib_1618 -> Chat: or even further back than that
2014-10-21 17:32:51 [Message] fib_1618 -> Chat: yes
2014-10-21 17:33:01 [Message] fib_1618 -> Chat: you see how the MCO's spike to new lows last week?
2014-10-21 17:33:10 [Message] rite01 -> Chat: Yes
2014-10-21 17:33:11 [Message] fib_1618 -> Chat: looking at the SPX
2014-10-21 17:33:17 [Message] fib_1618 -> Chat: that is our "flag" point
2014-10-21 17:33:38 [Message] fib_1618 -> Chat: it is the point from where we can now measure any future lessening of selling and these usually take place in either wave 3 or wave A
2014-10-21 17:33:39 [Message] unc1998 -> Chat: is it possible that the lows last week were finishing an A wave or is that off the table now?
2014-10-21 17:33:43 [Message] fib_1618 -> Chat: yes
2014-10-21 17:33:46 [Message] fib_1618 -> Chat: it could be
2014-10-21 17:33:49 [Message] fib_1618 -> Chat: however
2014-10-21 17:34:01 [Message] fib_1618 -> Chat: when we have B waves
2014-10-21 17:34:44 [Message] fib_1618 -> Chat: they tend to be inconsistent as to the market's ability to move with uniformity
2014-10-21 17:34:45 [Message] fib_1618 -> Chat: so far
2014-10-21 17:35:05 [Message] fib_1618 -> Chat: we're seeing not only the reaction highs being taken out by the MCO's here in the broad market
2014-10-21 17:35:11 [Message] fib_1618 -> Chat: but they're actually making new 52 week highs
2014-10-21 17:35:11 [Message] fib_1618 -> Chat: now
2014-10-21 17:35:20 [Message] fib_1618 -> Chat: volume is keeping up pretty much
2014-10-21 17:35:38 [Message] fib_1618 -> Chat: well...let's finish this up before we continue the thought
2014-10-21 17:35:45 [Message] unc1998 -> Chat: thx
2014-10-21 17:35:50 [Message] rite01 -> Chat: OK
2014-10-21 17:35:57 [Message] fib_1618 -> Chat: now see how the OEX volume MCO is also lagging behind here?
2014-10-21 17:36:03 [Message] fib_1618 -> Chat: but again
2014-10-21 17:36:12 [Message] fib_1618 -> Chat: we're seeing the BROAD market leading here
2014-10-21 17:36:19 [Message] fib_1618 -> Chat: so longer term...this is very bullish
2014-10-21 17:36:28 [Message] fib_1618 -> Chat: the only question posed now
2014-10-21 17:36:42 [Message] fib_1618 -> Chat: is how long will it take for the large caps to catch up?
2014-10-21 17:36:49 [Message] fib_1618 -> Chat: now...what we do know so far is...
2014-10-21 17:37:15 [Message] fib_1618 -> Chat: they have been basically trailing the leadership of the MID and SML and NASDAQ by about 2-3 weeks
2014-10-21 17:37:28 [Message] fib_1618 -> Chat: so if we take the liberty of extending this out
2014-10-21 17:37:41 [Message] fib_1618 -> Chat: this would then put us somewhere around the beginning of November
2014-10-21 17:37:51 [Message] fib_1618 -> Chat: which has been our target zone for some time now
2014-10-21 17:37:57 [Message] fib_1618 -> Chat: in this process
2014-10-21 17:38:01 [Message] fib_1618 -> Chat: as we have seen in the past
2014-10-21 17:38:15 [Message] fib_1618 -> Chat: if we are about to begin a new continuation sequence to the upside
2014-10-21 17:38:33 [Message] fib_1618 -> Chat: the small caps and NASDAQ should lead us higher
2014-10-21 17:38:40 [Message] fib_1618 -> Chat: and, in fact, move to higher price highs
2014-10-21 17:38:59 [Message] fib_1618 -> Chat: even in the face of the large caps fumbling and stumbling to get a foot hold
2014-10-21 17:39:17 [Message] fib_1618 -> Chat: but this is how the market operates
2014-10-21 17:39:30 [Message] fib_1618 -> Chat: it keeps the majority from noticing what the real path of least resistance is
2014-10-21 17:39:36 [Message] fib_1618 -> Chat: take this last decline, for example
2014-10-21 17:39:48 [Message] fib_1618 -> Chat: while the SPX, OEX and Dow moved to new all time highs in mid September
2014-10-21 17:39:59 [Message] fib_1618 -> Chat: the MID and SML were struggling
2014-10-21 17:40:17 [Message] fib_1618 -> Chat: and without this broader market of stocks showing buoyancy or participation
2014-10-21 17:40:39 [Message] fib_1618 -> Chat: it was just a matter of time before even the behemoths would succumb
2014-10-21 17:40:48 [Message] fib_1618 -> Chat: sort of like the top in 2000
2014-10-21 17:41:09 [Message] fib_1618 -> Chat: where broader market breadth was declining since the Asian Flu top in 1998
2014-10-21 17:41:23 [Message] fib_1618 -> Chat: but it was the large caps that were getting all the attention
2014-10-21 17:41:25 [Message] fib_1618 -> Chat: until...
2014-10-21 17:41:29 [Message] fib_1618 -> Chat: the bottom fell out
2014-10-21 17:41:35 [Message] fib_1618 -> Chat: and down we went with a thud
2014-10-21 17:41:44 [Message] fib_1618 -> Chat: in any or all cases
2014-10-21 17:42:05 [Message] fib_1618 -> Chat: the market's direction is solely predicated on the health of the broad market
2014-10-21 17:42:17 [Message] fib_1618 -> Chat: if it isn't getting enough liquidity
2014-10-21 17:42:27 [Message] fib_1618 -> Chat: no matter what the cream stocks do
2014-10-21 17:42:34 [Message] fib_1618 -> Chat: eventually they will fall by the wayside
2014-10-21 17:42:54 [Message] fib_1618 -> Chat: and it has little to do with news events
2014-10-21 17:43:09 [Message] fib_1618 -> Chat: though they tend to magnify the situation
2014-10-21 17:43:30 [Message] fib_1618 -> Chat: look at the trend going into the summer
2014-10-21 17:43:43 [Message] fib_1618 -> Chat: no matter what was said or done that was perceived as bearish
2014-10-21 17:43:46 [Message] fib_1618 -> Chat: the market continued to rise
2014-10-21 17:44:01 [Message] fib_1618 -> Chat: now many then came up with the excuse that the market is looking beyond this or that
2014-10-21 17:44:09 [Message] fib_1618 -> Chat: but in reality
2014-10-21 17:44:26 [Message] fib_1618 -> Chat: it's the level of liquidity that makes the ultimate decision because in forecasting direction
2014-10-21 17:44:30 [Message] fib_1618 -> Chat: because liquidity is...
2014-10-21 17:44:33 [Message] fib_1618 -> Chat: M
2014-10-21 17:44:34 [Message] fib_1618 -> Chat: O
2014-10-21 17:44:36 [Message] fib_1618 -> Chat: N
2014-10-21 17:44:37 [Message] fib_1618 -> Chat: E
2014-10-21 17:44:38 [Message] fib_1618 -> Chat: Y
2014-10-21 17:44:53 [Message] fib_1618 -> Chat: the more that's available
2014-10-21 17:44:59 [Message] fib_1618 -> Chat: the more that can be put to work
2014-10-21 17:45:03 [Message] fib_1618 -> Chat: the less there is
2014-10-21 17:45:16 [Message] fib_1618 -> Chat: then you have to pick and choose your targets
2014-10-21 17:45:35 [Message] fib_1618 -> Chat: wait...
2014-10-21 17:45:40 [Message] fib_1618 -> Chat: sometime in January
2014-10-21 17:45:51 [Message] fib_1618 -> Chat: we'll hear why the market suddenly declined sharply in October
2014-10-21 17:45:59 [Message] fib_1618 -> Chat: it won't be in today's news
2014-10-21 17:46:14 [Message] fib_1618 -> Chat: and people will be scratching their proverbial heads on what happened
2014-10-21 17:46:19 [Message] fib_1618 -> Chat: and then when the news comes out
2014-10-21 17:46:24 [Message] fib_1618 -> Chat: no one will remember [smile]
2014-10-21 17:46:49 [Message] fib_1618 -> Chat: notice that the Dow volume MCO is only just above its zero line
2014-10-21 17:47:03 [Message] fib_1618 -> Chat: so one could think that IBM is holding back this oscillator
2014-10-21 17:47:15 [Message] fib_1618 -> Chat: though it doesn't really matter why
2014-10-21 17:47:34 [Message] fib_1618 -> Chat: without the conviction needed to drive prices in one direction or the other
2014-10-21 17:47:46 [Message] fib_1618 -> Chat: then we'll likely see choppy, sideways behavior
2014-10-21 17:48:11 [Message] fib_1618 -> Chat: no texture in the MID volume MCO
2014-10-21 17:48:17 [Message] fib_1618 -> Chat: but it's high enough now to be respected
2014-10-21 17:48:32 [Message] fib_1618 -> Chat: so a week or two of back and fill to the zero line is expected there
2014-10-21 17:48:38 [Message] fib_1618 -> Chat: and we'll see how that goes
2014-10-21 17:48:41 [Message] fib_1618 -> Chat: now..
2014-10-21 17:48:47 [Message] fib_1618 -> Chat: looking at the SML volume MCO
2014-10-21 17:49:06 [Message] fib_1618 -> Chat: and there you have a textural, divergent bottom
2014-10-21 17:49:16 [Message] fib_1618 -> Chat: and new 52 week highs
2014-10-21 17:49:24 [Message] fib_1618 -> Chat: and with breadth also showing this kind of structure
2014-10-21 17:49:39 [Message] fib_1618 -> Chat: then the SML is leading to the upside
2014-10-21 17:49:58 [Message] fib_1618 -> Chat: and it's in this basket of stocks where your homework should take you
2014-10-21 17:50:22 [Message] fib_1618 -> Chat: given that current prices would be construed as being at "wholesale" with this kind of internal support
2014-10-21 17:50:29 [Message] fib_1618 -> Chat: now...
2014-10-21 17:50:57 [Message] fib_1618 -> Chat: one sector that was getting killed during this period of weakness in the SML were the REITS
2014-10-21 17:51:17 [Message] fib_1618 -> Chat: so now they should be leading higher as this basket of stocks begins to recover
2014-10-21 17:51:22 [Message] fib_1618 -> Chat: so let me take a quick look
2014-10-21 17:51:40 [Message] fib_1618 -> Chat: ahhhh..yea
2014-10-21 17:51:55 [Message] fib_1618 -> Chat: IYR is within striking distance of its all time highs now
2014-10-21 17:52:14 [Message] fib_1618 -> Chat: yes...MORT and REM as well
2014-10-21 17:52:21 [Message] fib_1618 -> Chat: the sector is recovering now
2014-10-21 17:52:32 [Message] fib_1618 -> Chat: and we should see this in the REIT A/D line this weekend in the Weekly Breadth Data charts
2014-10-21 17:52:33 [Message] fib_1618 -> Chat: in fact
2014-10-21 17:52:49 [Message] fib_1618 -> Chat: this A/D line has been showing good performance of late
2014-10-21 17:52:52 [Message] fib_1618 -> Chat: also remember
2014-10-21 17:53:26 [Message] fib_1618 -> Chat: that the Bond CEF and Preferred Stocks A/D's were within 100 net advancing issues from seeing new all time highs on Sunday
2014-10-21 17:53:37 [Message] fib_1618 -> Chat: so with the recent thrust in the NYSE Composite breadth MCO
2014-10-21 17:53:49 [Message] fib_1618 -> Chat: that these two breadth derivatives are back to new all time highs now
2014-10-21 17:54:07 [Message] fib_1618 -> Chat: and as long as the interest rate sensitive A/D lines continue to make higher highs
2014-10-21 17:54:14 [Message] fib_1618 -> Chat: especially that in the NYSE Bond CEF's
2014-10-21 17:54:36 [Message] fib_1618 -> Chat: this PROMISES us that we will see higher equity prices in the not too distant future
2014-10-21 17:55:01 [Message] fib_1618 -> Chat: and like the others
2014-10-21 17:55:35 [Message] fib_1618 -> Chat: the TM volume MCO has been literally moving straight up since last Monday's lows
2014-10-21 17:55:44 [Message] fib_1618 -> Chat: but because we don't have any texture here
2014-10-21 17:55:50 [Message] fib_1618 -> Chat: it's too far, too fast
2014-10-21 17:56:04 [Message] fib_1618 -> Chat: and proned to at least a couple of days of rest
2014-10-21 17:56:05 [Message] fib_1618 -> Chat: so....
2014-10-21 17:56:32 [Message] fib_1618 -> Chat: the price lows for the October pullback are now in
2014-10-21 17:56:44 [Message] fib_1618 -> Chat: with the slight exception of the OEX and Dow
2014-10-21 17:57:07 [Message] fib_1618 -> Chat: which remain "vulnerable" to a quick punch in the bread basket
2014-10-21 17:57:35 [Message] fib_1618 -> Chat: though any shake out will tend to keep the broader market buoyant
2014-10-21 17:57:44 [Message] fib_1618 -> Chat: moving to the volume oscillators
2014-10-21 17:58:11 [Message] fib_1618 -> Chat: pretty good call on the CVI last week
2014-10-21 17:58:16 [Message] fib_1618 -> Chat: [smile]
2014-10-21 17:58:36 [Message] fib_1618 -> Chat: and with the exception of the Dow CVI's
2014-10-21 17:58:42 [Message] fib_1618 -> Chat: the others are now deemed climactic
2014-10-21 17:58:54 [Message] fib_1618 -> Chat: so we should see a price top in the next two trading sessions
2014-10-21 17:59:00 [Message] fib_1618 -> Chat: call it a rest stop for now
2014-10-21 17:59:28 [Message] fib_1618 -> Chat: after being "oversold" on Thursday
2014-10-21 17:59:34 [Message] fib_1618 -> Chat: the STVO's are now neutral
2014-10-21 17:59:40 [Message] fib_1618 -> Chat: so one side can take control
2014-10-21 17:59:42 [Message] fib_1618 -> Chat: in this case
2014-10-21 17:59:58 [Message] fib_1618 -> Chat: with the bulls sprinting over the last couple of days
2014-10-21 18:00:10 [Message] fib_1618 -> Chat: the sellers are liable to take control here
2014-10-21 18:00:21 [Message] fib_1618 -> Chat: VTO's are still a bit on the "oversold" side
2014-10-21 18:00:49 [Message] fib_1618 -> Chat: so this will tend to keep the sellers push pretty much muted for now
2014-10-21 18:00:59 [Message] fib_1618 -> Chat: though volatility will remain
2014-10-21 18:01:13 [Message] fib_1618 -> Chat: NYSE TRIN at .86
2014-10-21 18:01:25 [Message] fib_1618 -> Chat: so not a whole lot of short covering...there was some fresh buying today
2014-10-21 18:01:43 [Message] fib_1618 -> Chat: Open 10 still "oversold" at 1.10
2014-10-21 18:02:00 [Message] fib_1618 -> Chat: NASDAQ TRIN at .47
2014-10-21 18:02:03 [Message] fib_1618 -> Chat: short covering there
2014-10-21 18:02:11 [Message] fib_1618 -> Chat: and the major reason for the upside gap today
2014-10-21 18:02:24 [Message] fib_1618 -> Chat: Open 10 at 1.07
2014-10-21 18:02:44 [Message] fib_1618 -> Chat: so we've relieved a lot of the deeply "oversold" condition from last Thursday
2014-10-21 18:02:54 [Message] fib_1618 -> Chat: TM TRIN at .59
2014-10-21 18:03:06 [Message] fib_1618 -> Chat: Open 10 at 1.08
2014-10-21 18:03:09 [Message] fib_1618 -> Chat: so....
2014-10-21 18:03:28 [Message] fib_1618 -> Chat: minus any early morning buying that might turn up
2014-10-21 18:03:49 [Message] fib_1618 -> Chat: the market is now at a point where a 1-2 day rest is to be expected
2014-10-21 18:04:06 [Message] fib_1618 -> Chat: though much if any of the pullback will tend to be shallow in scope
2014-10-21 18:04:17 [Message] fib_1618 -> Chat: at least compared to the wide swings we've seen of late
2014-10-21 18:04:37 [Message] fib_1618 -> Chat: once this part of the reflex is complete
2014-10-21 18:05:04 [Message] fib_1618 -> Chat: then we'll be able to focus in on what our time target may actually be
2014-10-21 18:05:06 [Message] fib_1618 -> Chat: for now
2014-10-21 18:05:22 [Message] fib_1618 -> Chat: it's now time to start looking for long plays again
2014-10-21 18:05:42 [Message] fib_1618 -> Chat: in preparation for what should be an end of the year advance
2014-10-21 18:06:19 [Message] fib_1618 -> Chat: though we still need to be somewhat disciplined until we get the mega cap issues catching up to the troops
2014-10-21 18:06:22 [Message] fib_1618 -> Chat: anything else?
2014-10-21 18:06:36 [Message] rite01 -> Chat: Great session
2014-10-21 18:06:49 [Message] fib_1618 -> Chat: a technician's dream
2014-10-21 18:06:56 [Message] fib_1618 -> Chat: thrusts
2014-10-21 18:07:02 [Message] fib_1618 -> Chat: and shake outs
2014-10-21 18:07:05 [Message] fib_1618 -> Chat: and divergences
2014-10-21 18:07:09 [Message] fib_1618 -> Chat: and momentum shifts
2014-10-21 18:07:17 [Message] fib_1618 -> Chat: so much going on right now
2014-10-21 18:07:51 [Message] fib_1618 -> Chat: but we've been able to move about without getting hit with any obstacles
2014-10-21 18:07:59 [Message] rite01 -> Chat: Glad your at the helm
2014-10-21 18:08:04 [Message] fib_1618 -> Chat: focus and discipline
2014-10-21 18:08:19 [Message] rite01 -> Chat: No more steady as she drifts [smile]
2014-10-21 18:08:21 [Message] fib_1618 -> Chat: got to tell you
2014-10-21 18:08:32 [Message] fib_1618 -> Chat: I was surprised at today's break to new highs
2014-10-21 18:08:42 [Message] fib_1618 -> Chat: and the exciting thing is
2014-10-21 18:08:54 [Message] fib_1618 -> Chat: when you have this much pushing and pulling going on
2014-10-21 18:09:20 [Message] fib_1618 -> Chat: the ultimate result are large percentage moves in prices all depending on who eventually wins out
2014-10-21 18:09:37 [Message] fib_1618 -> Chat: OK...I'm a bit over tonight
2014-10-21 18:09:42 [Message] fib_1618 -> Chat: and I have to take off
2014-10-21 18:09:50 [Message] fib_1618 -> Chat: everyone have a great couple of days
2014-10-21 18:09:58 [Message] fib_1618 -> Chat: and we'll do this all again on Thursday
2014-10-21 18:09:59 [Message] fib_1618 -> Chat: good night
2014-10-21 18:10:03 [Message] rite01 -> Chat: Good night All

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