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fib_1618

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Posts: 4,454
Reply with quote  #1 
2014-10-28 16:00:18 [Message] fib_1618 -> Chat: good day
2014-10-28 16:00:22 [Message] fib_1618 -> Chat: how is everyone?
2014-10-28 16:02:13 [Message] sp112358 -> Chat: Hi, how are you?
2014-10-28 16:02:14 [Message] hawk5734 -> Chat: pretty good....You?
2014-10-28 16:02:21 [Message] fib_1618 -> Chat: doing fine...thanks for asking
2014-10-28 16:03:31 [Message] fib_1618 -> Chat: hey Mike (mojave) thanks for stopping in!
2014-10-28 16:03:47 [Message] mojave -> Chat: great to be back (and not just reading transcripts)
2014-10-28 16:03:54 [Message] fib_1618 -> Chat: [smile]
2014-10-28 16:04:08 [Message] mojave -> Chat: transcripts are good tho! always appreciate them
2014-10-28 16:04:22 [Message] fib_1618 -> Chat: I do my best...as long as I get them in a timely manner
2014-10-28 16:04:29 [Message] rite01 -> Chat: Fib nice call last week on SML
2014-10-28 16:04:44 [Message] fib_1618 -> Chat: and you're still long?
2014-10-28 16:04:58 [Message] rite01 -> Chat: yes and short GLD
2014-10-28 16:05:03 [Message] fib_1618 -> Chat: good for you!
2014-10-28 16:05:10 [Message] fib_1618 -> Chat: great to hear!
2014-10-28 16:07:33 [Message] fib_1618 -> Chat: gas finally moved below $3.00 here over the weekend
2014-10-28 16:07:44 [Message] fib_1618 -> Chat: strange to see a 2 in the front of the rest of the price!
2014-10-28 16:08:04 [Message] fib_1618 -> Chat: and the cheapest in the US is....?
2014-10-28 16:08:08 [Message] fib_1618 -> Chat: any guesses?
2014-10-28 16:08:21 [Message] mojave -> Chat: used to be lake Charles, LA...
2014-10-28 16:08:27 [Message] fib_1618 -> Chat: general area is fine
2014-10-28 16:08:30 [Message] rite01 -> Chat: Texas $2.69?
2014-10-28 16:08:33 [Message] fib_1618 -> Chat: nope
2014-10-28 16:08:37 [Message] fib_1618 -> Chat: to the north of you
2014-10-28 16:08:50 [Message] rite01 -> Chat: OK.
2014-10-28 16:09:08 [Message] fib_1618 -> Chat: the St. Louis area is around $2.40
2014-10-28 16:09:23 [Message] rite01 -> Chat: Really!
2014-10-28 16:09:27 [Message] fib_1618 -> Chat: don't understand why
2014-10-28 16:09:29 [Message] fib_1618 -> Chat: yep
2014-10-28 16:09:38 [Message] fib_1618 -> Chat: let me check today's prices
2014-10-28 16:09:41 [Message] fib_1618 -> Chat: just for fun
2014-10-28 16:10:33 [Message] fib_1618 -> Chat: the AVERAGE best for a state is South Carolina at $2.76
2014-10-28 16:10:44 [Message] fib_1618 -> Chat: the AVERAGE best for a major city is...
2014-10-28 16:11:00 [Message] fib_1618 -> Chat: Chattanooga at $2.66
2014-10-28 16:11:50 [Message] fib_1618 -> Chat: the Metro Complex in Dallas/Ft Worth is 6th
2014-10-28 16:12:05 [Message] fib_1618 -> Chat: OK...let's get SC up and get started
2014-10-28 16:12:20 [Message] fib_1618 -> Chat: [smile]
2014-10-28 16:12:25 [Message] fib_1618 -> Chat: big smiles all around
2014-10-28 16:12:32 [Message] fib_1618 -> Chat: the market is bullish
2014-10-28 16:12:34 [Message] fib_1618 -> Chat: That's it
2014-10-28 16:12:39 [Message] fib_1618 -> Chat: have a great day!
2014-10-28 16:12:44 [Message] fib_1618 -> Chat: lol
2014-10-28 16:12:52 [Message] fib_1618 -> Chat: wow..
2014-10-28 16:12:59 [Message] fib_1618 -> Chat: if everything else is like the commons
2014-10-28 16:13:05 [Message] fib_1618 -> Chat: we may have had a V bottom
2014-10-28 16:13:10 [Message] fib_1618 -> Chat: let's go
2014-10-28 16:13:26 [Message] fib_1618 -> Chat: after moving back to challenge its highs of last week on Monday
2014-10-28 16:13:36 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO exploded higher today
2014-10-28 16:13:55 [Message] fib_1618 -> Chat: settling today with a reading of +100
2014-10-28 16:14:05 [Message] fib_1618 -> Chat: let me check when the last time that happened
2014-10-28 16:14:30 [Message] fib_1618 -> Chat: was the summer of 2012 bottom
2014-10-28 16:14:36 [Message] fib_1618 -> Chat: not bad
2014-10-28 16:14:54 [Message] fib_1618 -> Chat: moving to the NYSE CO breadth MCO components
2014-10-28 16:15:01 [Message] fib_1618 -> Chat: and we have a solid buy signal working now
2014-10-28 16:15:24 [Message] fib_1618 -> Chat: and with today's higher high in the MCO
2014-10-28 16:15:38 [Message] fib_1618 -> Chat: we should now be able to challenge the all time highs seen over the summer
2014-10-28 16:15:55 [Message] fib_1618 -> Chat: wow wee
2014-10-28 16:16:07 [Message] fib_1618 -> Chat: same thing happened today with the NYSE Composite breadth MCO
2014-10-28 16:16:11 [Message] fib_1618 -> Chat: let me check the BETS
2014-10-28 16:18:40 [Message] fib_1618 -> Chat: sorry guys...need a minute to update the charts
2014-10-28 16:18:56 [Message] mojave -> Chat: Zweig Breadth Thrust also very close
2014-10-28 16:20:15 [Message] mojave -> Chat: 10MA today .62, 10EMA .6 (stockcharts adv/tot method)
2014-10-28 16:20:43 [Message] mojave -> Chat: 10MA .615, 10EMA .596 (upv/tot)
2014-10-28 16:21:19 [Message] mojave -> Chat: (I may have miscounted the days tho)
2014-10-28 16:21:43 [Message] fib_1618 -> Chat: -20
2014-10-28 16:21:45 [Message] fib_1618 -> Chat: cash
2014-10-28 16:21:59 [Message] fib_1618 -> Chat: the 10th day was Monday?
2014-10-28 16:22:04 [Message] fib_1618 -> Chat: wasn't it?
2014-10-28 16:22:13 [Message] rite01 -> Chat: Yes
2014-10-28 16:22:19 [Message] fib_1618 -> Chat: so off by a day
2014-10-28 16:22:22 [Message] fib_1618 -> Chat: does it count?
2014-10-28 16:22:27 [Message] fib_1618 -> Chat: all I know is this
2014-10-28 16:22:39 [Message] fib_1618 -> Chat: we've had many ZBT's in the last couple of years
2014-10-28 16:22:53 [Message] fib_1618 -> Chat: so it's become less important as to its rarity
2014-10-28 16:22:57 [Message] fib_1618 -> Chat: that is to say
2014-10-28 16:23:06 [Message] fib_1618 -> Chat: we usually look for this at market bottoms
2014-10-28 16:23:12 [Message] fib_1618 -> Chat: more to the point
2014-10-28 16:23:17 [Message] fib_1618 -> Chat: bear variety bottoms
2014-10-28 16:23:21 [Message] fib_1618 -> Chat: and not so much on corrections
2014-10-28 16:23:29 [Message] fib_1618 -> Chat: has the past triggers worked?
2014-10-28 16:23:30 [Message] fib_1618 -> Chat: yes
2014-10-28 16:23:44 [Message] fib_1618 -> Chat: but is it as important a tool than it was in the 1980's or 90's?
2014-10-28 16:23:48 [Message] fib_1618 -> Chat: probably not
2014-10-28 16:23:53 [Message] fib_1618 -> Chat: in any event
2014-10-28 16:24:14 [Message] fib_1618 -> Chat: to see higher highs in the MCO's when they are already in "overbought" territory
2014-10-28 16:24:31 [Message] fib_1618 -> Chat: this is a sign of a very important thrust taking place
2014-10-28 16:24:50 [Message] fib_1618 -> Chat: of which has more than balanced out anything that took place in early October
2014-10-28 16:25:19 [Message] fib_1618 -> Chat: and, in fact
2014-10-28 16:25:26 [Message] fib_1618 -> Chat: what today's higher high tells us is...
2014-10-28 16:26:02 [Message] fib_1618 -> Chat: that the declining tops line we see in the NYSE breadth MCSUM that connects the tops from July and September is going to be violated
2014-10-28 16:26:22 [Message] fib_1618 -> Chat: that would mean above the +200 level
2014-10-28 16:26:27 [Message] fib_1618 -> Chat: and in order to break this resistance
2014-10-28 16:26:37 [Message] fib_1618 -> Chat: and break above the natural resistance of +250
2014-10-28 16:26:51 [Message] fib_1618 -> Chat: prices are now likely to move to new all time highs on this current sequence
2014-10-28 16:27:09 [Message] fib_1618 -> Chat: so we're back to long and strong using this indicator
2014-10-28 16:27:27 [Message] fib_1618 -> Chat: wow...same with the NASDAQ breadth MCO
2014-10-28 16:27:45 [Message] fib_1618 -> Chat: check out the texture in both the NYSE and NASDAQ breadth MCO's before the higher high today
2014-10-28 16:28:03 [Message] fib_1618 -> Chat: this is a very powerful indication that we have, indeed, re-initiated the longer term uptrend
2014-10-28 16:28:26 [Message] fib_1618 -> Chat: and that whatever the FED is likely to "state" tomorrow will be taken as being bullish
2014-10-28 16:28:41 [Message] fib_1618 -> Chat: where the FED tends to be asleep behind the wheel at time
2014-10-28 16:28:55 [Message] fib_1618 -> Chat: but after seeing the market lose 10% in value in less than a month
2014-10-28 16:29:01 [Message] fib_1618 -> Chat: QE4 may be over
2014-10-28 16:29:10 [Message] fib_1618 -> Chat: but the market may be anticipating something new
2014-10-28 16:29:17 [Message] fib_1618 -> Chat: or at the very least
2014-10-28 16:30:08 [Message] fib_1618 -> Chat: that the blueprint laid out by Benanke 2 years ago that short term rates would start to rise by the spring of 2015 is likely to extend into 2016 now
2014-10-28 16:30:33 [Message] fib_1618 -> Chat: then again...it could be something different
2014-10-28 16:31:13 [Message] fib_1618 -> Chat: where the statement would continue to support the European Union as it moves through its recession and thereby delaying higher costs of money on a global basis
2014-10-28 16:31:19 [Message] fib_1618 -> Chat: now...
2014-10-28 16:31:28 [Message] fib_1618 -> Chat: something like this probably wouldn't be good for the dollar
2014-10-28 16:32:04 [Message] fib_1618 -> Chat: which would mean that gold might possibly be the beneficiary of such monetary policy
2014-10-28 16:32:28 [Message] fib_1618 -> Chat: so those short the yellow metal might want to keep a close eye on their positions on Wednesday
2014-10-28 16:32:38 [Message] fib_1618 -> Chat: all speculation here
2014-10-28 16:32:48 [Message] fib_1618 -> Chat: just talking out loud
2014-10-28 16:32:58 [Message] fib_1618 -> Chat: back to the data
2014-10-28 16:33:18 [Message] fib_1618 -> Chat: so now that we're seeing money continuing to accelerate into US equities here
2014-10-28 16:34:00 [Message] fib_1618 -> Chat: much of what this will equate to, as far as prices are concerned, won't be fully felt until the breadth MCSUM's move back above their zero lines
2014-10-28 16:34:04 [Message] fib_1618 -> Chat: because of this
2014-10-28 16:34:17 [Message] fib_1618 -> Chat: we can now take the position of accumulation on the buy side
2014-10-28 16:34:37 [Message] fib_1618 -> Chat: in anticipation of this same technical expectation
2014-10-28 16:34:55 [Message] fib_1618 -> Chat: new recovery high close in the NDX today
2014-10-28 16:35:09 [Message] fib_1618 -> Chat: and with the higher high in the NDX breadth MCO today
2014-10-28 16:35:18 [Message] fib_1618 -> Chat: prices will now be able to build on this
2014-10-28 16:35:45 [Message] fib_1618 -> Chat: we'll also note that the NDX breadth MCSUM is now back above its zero line
2014-10-28 16:36:04 [Message] fib_1618 -> Chat: so the short term and intermediate term outlook for the NDX is bullish
2014-10-28 16:36:44 [Message] fib_1618 -> Chat: and going back to the conversation we had on MCO extremes a couple of weeks back
2014-10-28 16:37:07 [Message] fib_1618 -> Chat: we talked about that when we see deeply "oversold" readings as we did in mid October
2014-10-28 16:37:19 [Message] fib_1618 -> Chat: this usually sets a price floor in the index being measured
2014-10-28 16:37:33 [Message] fib_1618 -> Chat: what is a bit bothersome though
2014-10-28 16:37:48 [Message] fib_1618 -> Chat: is that we haven't had much of a chance to back and fill before this higher price high today
2014-10-28 16:38:11 [Message] fib_1618 -> Chat: so ideally we should still see some sort of pause here near term
2014-10-28 16:38:29 [Message] fib_1618 -> Chat: call it having prices finding overhead resistance at its previous highs
2014-10-28 16:38:47 [Message] fib_1618 -> Chat: but what we do know now is that once we move beyond any pause we might have
2014-10-28 16:38:57 [Message] fib_1618 -> Chat: we will see new recovery price highs in the NDX
2014-10-28 16:39:08 [Message] fib_1618 -> Chat: so...as a position trade
2014-10-28 16:39:18 [Message] fib_1618 -> Chat: we might want to wait a day or so for that pullback to occur for an entry
2014-10-28 16:39:24 [Message] fib_1618 -> Chat: then again
2014-10-28 16:39:34 [Message] fib_1618 -> Chat: if we put our Elliott hat on for a moment
2014-10-28 16:39:49 [Message] fib_1618 -> Chat: if we did finish a larger irregular flat
2014-10-28 16:40:33 [Message] fib_1618 -> Chat: then we may not have too many opportunities to climb on board since irregular flats are the most powerful counter trend structure that Elliott has to offer
2014-10-28 16:41:23 [Message] fib_1618 -> Chat: we also had higher highs in both the SPX and OEX breadth MCO's
2014-10-28 16:41:29 [Message] fib_1618 -> Chat: but more importantly here
2014-10-28 16:41:45 [Message] thespookyone -> Chat: If we did have an irregular flat, why does that C look too big to me?
2014-10-28 16:42:03 [Message] fib_1618 -> Chat: is that the SPX breadth MCSUM is about to move back above its zero line as soon as Wednesday, while the OEX has already done so
2014-10-28 16:42:09 [Message] fib_1618 -> Chat: well...
2014-10-28 16:42:14 [Message] fib_1618 -> Chat: the calculations are as follows
2014-10-28 16:42:27 [Message] fib_1618 -> Chat: Wave B is 1.382 times the length of wave A
2014-10-28 16:42:40 [Message] fib_1618 -> Chat: and Wave C is 1.618 times the length of wave A
2014-10-28 16:42:47 [Message] fib_1618 -> Chat: give me a moment to measure
2014-10-28 16:43:02 [Message] thespookyone -> Chat: thanks
2014-10-28 16:43:33 [Message] fib_1618 -> Chat: for the SPX
2014-10-28 16:43:36 [Message] fib_1618 -> Chat: close only
2014-10-28 16:43:43 [Message] fib_1618 -> Chat: wave B would be at 2016
2014-10-28 16:43:54 [Message] fib_1618 -> Chat: we closed at 2011
2014-10-28 16:44:30 [Message] fib_1618 -> Chat: wave C would be 1884
2014-10-28 16:44:35 [Message] fib_1618 -> Chat: and we moved to 1862
2014-10-28 16:44:42 [Message] fib_1618 -> Chat: then again
2014-10-28 16:44:49 [Message] fib_1618 -> Chat: we had a lot of emotion with this move
2014-10-28 16:44:50 [Message] fib_1618 -> Chat: no less
2014-10-28 16:45:01 [Message] fib_1618 -> Chat: it was the first real correction we've had in 2 years
2014-10-28 16:45:07 [Message] fib_1618 -> Chat: let me play with the NDX
2014-10-28 16:45:50 [Message] thespookyone -> Chat: I think as a normal ABC, the SPX did almost a perfect 1.618 C
2014-10-28 16:45:52 [Message] fib_1618 -> Chat: B measures at 4035 - actual was 4103
2014-10-28 16:46:41 [Message] fib_1618 -> Chat: C measures at 3894 - actual was 130 points below that at 3765
2014-10-28 16:46:55 [Message] fib_1618 -> Chat: given the gyrations we had
2014-10-28 16:47:06 [Message] fib_1618 -> Chat: and amount of liquidity in the system
2014-10-28 16:47:13 [Message] fib_1618 -> Chat: we could extend a bit on both sides
2014-10-28 16:47:22 [Message] fib_1618 -> Chat: but here's another thing that we have to consider
2014-10-28 16:47:33 [Message] fib_1618 -> Chat: the market was never uniformed in this correctional process
2014-10-28 16:47:41 [Message] fib_1618 -> Chat: if we were impulsing lower
2014-10-28 16:47:55 [Message] fib_1618 -> Chat: all of the indices would be lining up in sequence with each other
2014-10-28 16:47:58 [Message] fib_1618 -> Chat: and this wasn't the case
2014-10-28 16:48:00 [Message] fib_1618 -> Chat: in fact
2014-10-28 16:48:16 [Message] fib_1618 -> Chat: it was the NDX, OEX and Dow that continued to be "held back" as it were
2014-10-28 16:48:37 [Message] fib_1618 -> Chat: while the SML, MID and NASDAQ led the decline as money moved from growth to value
2014-10-28 16:49:01 [Message] fib_1618 -> Chat: I guess we can make up any and all excuses on the why's and wherefores
2014-10-28 16:49:06 [Message] fib_1618 -> Chat: but the bottom line for now is that
2014-10-28 16:49:10 [Message] thespookyone -> Chat: I didn't feel like we were impulsing, but the correction seemed more standard ABC to me, than irregular flat
2014-10-28 16:49:16 [Message] fib_1618 -> Chat: we have a very powerful breadth thrust in work here
2014-10-28 16:49:25 [Message] fib_1618 -> Chat: and I would agree with that
2014-10-28 16:49:25 [Message] thespookyone -> Chat: absolutely
2014-10-28 16:49:26 [Message] fib_1618 -> Chat: in fact
2014-10-28 16:49:50 [Message] fib_1618 -> Chat: we talked about this a couple of times in that the final lows into October 13-15th had this "crash like" feel to it
2014-10-28 16:50:01 [Message] fib_1618 -> Chat: and what do we usually "feel" on 5th waves?
2014-10-28 16:50:04 [Message] fib_1618 -> Chat: panic
2014-10-28 16:50:06 [Message] thespookyone -> Chat: yep
2014-10-28 16:50:26 [Message] fib_1618 -> Chat: and this is why we were cautioned that since the pattern was unwinding pretty much as expected and that we were diverging on the SML and MID
2014-10-28 16:51:00 [Message] fib_1618 -> Chat: there was a good chance that the lows of October were the lows for the sequence
2014-10-28 16:51:12 [Message] fib_1618 -> Chat: especially with sentiment down right screaming crash
2014-10-28 16:51:28 [Message] thespookyone -> Chat: well, I am long, LOL
2014-10-28 16:51:29 [Message] fib_1618 -> Chat: and then we had those wonderful "hammer sticks" on the 15th sealed the deal
2014-10-28 16:51:44 [Message] fib_1618 -> Chat: and once the smoke cleared
2014-10-28 16:51:59 [Message] fib_1618 -> Chat: and we got our footing (OPEX passing)
2014-10-28 16:52:05 [Message] fib_1618 -> Chat: we really haven't looked back
2014-10-28 16:52:25 [Message] fib_1618 -> Chat: one thing we are seeing so far
2014-10-28 16:52:29 [Message] fib_1618 -> Chat: and let me double check this
2014-10-28 16:53:20 [Message] fib_1618 -> Chat: with the exception of the Dow breadth MCO
2014-10-28 16:53:30 [Message] fib_1618 -> Chat: the rest of the MCO's are now at multi year highs
2014-10-28 16:53:37 [Message] fib_1618 -> Chat: and in sync with each other
2014-10-28 16:53:47 [Message] fib_1618 -> Chat: this would then suggest that the are now trending to the upside again
2014-10-28 16:54:07 [Message] fib_1618 -> Chat: especially if we see the same thing happening on the volume side
2014-10-28 16:54:28 [Message] fib_1618 -> Chat: the Dow breadth MCSUM will be moving up and through its zero line on Wednesday
2014-10-28 16:54:43 [Message] fib_1618 -> Chat: so Wednesday is prepping up to be a big up day
2014-10-28 16:54:51 [Message] thespookyone -> Chat: well, if we take out that zero line on the DOW tomorrow-it may catch up a bit...
2014-10-28 16:54:55 [Message] fib_1618 -> Chat: wow...look at the MID breadth MCO go!
2014-10-28 16:55:02 [Message] fib_1618 -> Chat: yes...
2014-10-28 16:55:06 [Message] fib_1618 -> Chat: and with the OEX leading
2014-10-28 16:55:09 [Message] fib_1618 -> Chat: it's likely to happen
2014-10-28 16:55:25 [Message] fib_1618 -> Chat: and a no brainer with the SPX as well
2014-10-28 16:55:49 [Message] fib_1618 -> Chat: holy moly...the SML was up nearly 3% today!
2014-10-28 16:56:06 [Message] fib_1618 -> Chat: and we're still under internal resistance! lol
2014-10-28 16:56:16 [Message] fib_1618 -> Chat: this is how powerful this move was today
2014-10-28 16:56:27 [Message] fib_1618 -> Chat: this looks like a "throw in the towel" type of day
2014-10-28 16:56:40 [Message] fib_1618 -> Chat: and that usually happens at the center point of an Elliott 3rd wave
2014-10-28 16:56:57 [Message] fib_1618 -> Chat: but what do know for now
2014-10-28 16:57:15 [Message] fib_1618 -> Chat: is that all of the declining tops lines in all of the index MCSUM's are going to be broken on this sequence
2014-10-28 16:57:59 [Message] fib_1618 -> Chat: same with the TM breadth MCSUM as well...
2014-10-28 16:58:08 [Message] fib_1618 -> Chat: let me take a quick look at the sectors
2014-10-28 16:58:31 [Message] fib_1618 -> Chat: XLE still having problems here
2014-10-28 16:58:37 [Message] fib_1618 -> Chat: XLY and XLP are in bull mode
2014-10-28 16:58:52 [Message] fib_1618 -> Chat: might be that the market is anticipating further cuts in fuel
2014-10-28 16:59:08 [Message] fib_1618 -> Chat: Transports should had closed at all time highs today
2014-10-28 16:59:16 [Message] fib_1618 -> Chat: and did
2014-10-28 16:59:32 [Message] fib_1618 -> Chat: remember that the Utilities led the push to all time highs last Thursday
2014-10-28 16:59:47 [Message] fib_1618 -> Chat: XLF very strong here
2014-10-28 17:00:09 [Message] fib_1618 -> Chat: might be good to check out this sector for leaders
2014-10-28 17:00:27 [Message] fib_1618 -> Chat: new all time price highs in XLV
2014-10-28 17:00:32 [Message] fib_1618 -> Chat: and the internals are better now
2014-10-28 17:00:51 [Message] fib_1618 -> Chat: XLI is much healthier now
2014-10-28 17:01:00 [Message] fib_1618 -> Chat: me thinks the patient is all better now [smile]
2014-10-28 17:01:31 [Message] fib_1618 -> Chat: watch the XLB...could be a SOB in progress
2014-10-28 17:01:51 [Message] fib_1618 -> Chat: XLK is flying!
2014-10-28 17:02:16 [Message] fib_1618 -> Chat: new all time high close in the XLU
2014-10-28 17:02:20 [Message] fib_1618 -> Chat: checking the Dow Utilities
2014-10-28 17:02:29 [Message] fib_1618 -> Chat: confirmed
2014-10-28 17:02:37 [Message] fib_1618 -> Chat: soooo...
2014-10-28 17:02:55 [Message] fib_1618 -> Chat: it would appear that the lows of mid October were very important ones
2014-10-28 17:03:01 [Message] fib_1618 -> Chat: and we are now starting to trend to the upside again
2014-10-28 17:03:13 [Message] fib_1618 -> Chat: this, of course, is in the very early stages of this trend
2014-10-28 17:03:23 [Message] fib_1618 -> Chat: which means that we're likely now to rally into the end of the year
2014-10-28 17:03:32 [Message] fib_1618 -> Chat: and probably into February
2014-10-28 17:03:43 [Message] fib_1618 -> Chat: our longer term upside target for the SPX remains at 2250
2014-10-28 17:03:55 [Message] fib_1618 -> Chat: and with the way money if moving in here
2014-10-28 17:04:03 [Message] fib_1618 -> Chat: we could reach that objective by Christmas
2014-10-28 17:04:08 [Message] hawk5734 -> Chat: SOB in progress?
2014-10-28 17:04:18 [Message] fib_1618 -> Chat: SOB - Sign of the Bear
2014-10-28 17:04:24 [Message] hawk5734 -> Chat: ahh
2014-10-28 17:04:27 [Message] hawk5734 -> Chat: thanks
2014-10-28 17:04:48 [Message] fib_1618 -> Chat: if you look under "Technically Speaking" on the message board
2014-10-28 17:04:52 [Message] fib_1618 -> Chat: you will see a tutorial on it
2014-10-28 17:05:09 [Message] fib_1618 -> Chat: this is only the first phase though
2014-10-28 17:05:16 [Message] fib_1618 -> Chat: we still need to see a double top
2014-10-28 17:05:33 [Message] fib_1618 -> Chat: and the way things are going
2014-10-28 17:05:44 [Message] fib_1618 -> Chat: that idea might only last until tomorrow [smile]
2014-10-28 17:05:50 [Message] fib_1618 -> Chat: very impressive work today
2014-10-28 17:05:52 [Message] fib_1618 -> Chat: in fact
2014-10-28 17:06:01 [Message] fib_1618 -> Chat: of all of the breadth thrusts we've seen since 2009
2014-10-28 17:06:14 [Message] fib_1618 -> Chat: this one has a different character about it
2014-10-28 17:06:38 [Message] fib_1618 -> Chat: let's see if the volume MCO's are confirming
2014-10-28 17:07:08 [Message] fib_1618 -> Chat: wow...yes...higher highs in the NYSE CO and Composite volume MCO
2014-10-28 17:07:15 [Message] fib_1618 -> Chat: so we're now in sync to the upside
2014-10-28 17:07:20 [Message] fib_1618 -> Chat: and impulsing away
2014-10-28 17:07:31 [Message] fib_1618 -> Chat: wow
2014-10-28 17:07:45 [Message] fib_1618 -> Chat: even the NASDAQ and NDX volume MCO's moved to new highs today
2014-10-28 17:08:00 [Message] fib_1618 -> Chat: the QQQ are a strong buy here
2014-10-28 17:08:14 [Message] rite01 -> Chat: different character?
2014-10-28 17:08:19 [Message] fib_1618 -> Chat: notice how the NDX volume MCSUM found support at the zero line
2014-10-28 17:08:41 [Message] rite01 -> Chat: Yes
2014-10-28 17:08:41 [Message] fib_1618 -> Chat: and is now showing a large separation of its individual postings to the upside
2014-10-28 17:08:45 [Message] fib_1618 -> Chat: yes...character
2014-10-28 17:09:05 [Message] fib_1618 -> Chat: we're seeing a great amount of amplitude to this thrust
2014-10-28 17:09:07 [Message] fib_1618 -> Chat: where in the past
2014-10-28 17:09:12 [Message] fib_1618 -> Chat: we would make a MCO high
2014-10-28 17:09:18 [Message] rite01 -> Chat: ok thanks
2014-10-28 17:09:21 [Message] fib_1618 -> Chat: and then move back to the zero line without any follow through after the initial thrust
2014-10-28 17:09:35 [Message] fib_1618 -> Chat: this time we had a bottom above a bottom in "overbought" territory
2014-10-28 17:09:41 [Message] fib_1618 -> Chat: and THEN made a higher high
2014-10-28 17:09:52 [Message] fib_1618 -> Chat: this shows tremendous strength coming into the market
2014-10-28 17:09:59 [Message] fib_1618 -> Chat: strength equals character
2014-10-28 17:10:05 [Message] fib_1618 -> Chat: conviction
2014-10-28 17:10:12 [Message] fib_1618 -> Chat: money being put to work
2014-10-28 17:10:21 [Message] fib_1618 -> Chat: and doing so in large sums
2014-10-28 17:10:27 [Message] fib_1618 -> Chat: and in even larger sums than that
2014-10-28 17:10:46 [Message] fib_1618 -> Chat: think of it as stepping on your accelerator pedal in your car
2014-10-28 17:10:52 [Message] fib_1618 -> Chat: if you're going 75 MPH
2014-10-28 17:11:00 [Message] fib_1618 -> Chat: and then you suddenly punched the engine
2014-10-28 17:11:04 [Message] fib_1618 -> Chat: you take off like a rocket
2014-10-28 17:11:14 [Message] fib_1618 -> Chat: and now you're going 100 mph
2014-10-28 17:11:21 [Message] fib_1618 -> Chat: with very little effort in doing so
2014-10-28 17:11:48 [Message] fib_1618 -> Chat: OK...finally
2014-10-28 17:11:55 [Message] fib_1618 -> Chat: we have a non confirmation here
2014-10-28 17:12:06 [Message] fib_1618 -> Chat: but it's with the OEX and Dow volume MCO's
2014-10-28 17:12:10 [Message] fib_1618 -> Chat: and that's fine
2014-10-28 17:12:27 [Message] fib_1618 -> Chat: as we don't really want the brass to even be part of the battle right now
2014-10-28 17:12:39 [Message] fib_1618 -> Chat: let them come in once the territory has already been taken
2014-10-28 17:13:09 [Message] fib_1618 -> Chat: we also need a little more push in the MID volume MCO
2014-10-28 17:13:19 [Message] fib_1618 -> Chat: but we have enough now to test the old price highs
2014-10-28 17:13:26 [Message] fib_1618 -> Chat: if we improve upon this
2014-10-28 17:13:31 [Message] fib_1618 -> Chat: then we can move to new all time highs
2014-10-28 17:13:39 [Message] fib_1618 -> Chat: higher highs in the SML volume MCO
2014-10-28 17:13:50 [Message] fib_1618 -> Chat: so the SML is "in the clear" for now
2014-10-28 17:14:25 [Message] fib_1618 -> Chat: but not likely to move to new all time highs until the declining tops line on the SML volume MCSUM is taken out
2014-10-28 17:14:37 [Message] fib_1618 -> Chat: so nothing like that of the NDX
2014-10-28 17:14:53 [Message] fib_1618 -> Chat: and the TM volume MCO moved to new highs today
2014-10-28 17:14:57 [Message] fib_1618 -> Chat: astounding!
2014-10-28 17:15:31 [Message] fib_1618 -> Chat: so...
2014-10-28 17:15:46 [Message] fib_1618 -> Chat: this was one of those statement days by the buyers
2014-10-28 17:16:23 [Message] fib_1618 -> Chat: as we now have enough energy behind us to move to new all time price highs in the majority of the major market indices here in the US
2014-10-28 17:16:31 [Message] fib_1618 -> Chat: even more impressive
2014-10-28 17:16:33 [Message] fib_1618 -> Chat: is that
2014-10-28 17:16:47 [Message] fib_1618 -> Chat: as was mentioned over the weekend in the weekly breadth review
2014-10-28 17:17:09 [Message] fib_1618 -> Chat: we really should had some sort of pause point the pattern under "normal circumstances"
2014-10-28 17:17:21 [Message] fib_1618 -> Chat: now Monday started off pretty much as expected
2014-10-28 17:17:31 [Message] fib_1618 -> Chat: with the Dow down 60 and the SPX down 8
2014-10-28 17:17:39 [Message] fib_1618 -> Chat: and all was right with the technical world
2014-10-28 17:17:55 [Message] fib_1618 -> Chat: but then something lit a flame under the tech sector and the NASDAQ powered higher
2014-10-28 17:18:05 [Message] fib_1618 -> Chat: and the majors wound up closing pretty close to flat
2014-10-28 17:18:20 [Message] fib_1618 -> Chat: and then...we were off to the races today
2014-10-28 17:18:35 [Message] fib_1618 -> Chat: so this not a normal sequence of events here
2014-10-28 17:18:47 [Message] fib_1618 -> Chat: though we might see today as a turnaround Tuesday
2014-10-28 17:19:14 [Message] fib_1618 -> Chat: but if we do get a high plurality of advancers over decliners tomorrow
2014-10-28 17:19:25 [Message] fib_1618 -> Chat: then this will seal the deal for the rest of November
2014-10-28 17:20:10 [Message] fib_1618 -> Chat: and from where we might still see a good entry point around next Tuesday's election day window
2014-10-28 17:20:19 [Message] fib_1618 -> Chat: for now
2014-10-28 17:20:38 [Message] fib_1618 -> Chat: we should be concentrating on long candidates
2014-10-28 17:20:47 [Message] fib_1618 -> Chat: and looking for leading stocks in leading sectors
2014-10-28 17:21:00 [Message] fib_1618 -> Chat: we will review the sector situation on Thursday
2014-10-28 17:21:19 [Message] fib_1618 -> Chat: moving to the volume oscillators (which should be "overbought")
2014-10-28 17:21:48 [Message] fib_1618 -> Chat: shazaam!
2014-10-28 17:22:10 [Message] fib_1618 -> Chat: the CVI's are once again climactic
2014-10-28 17:22:15 [Message] fib_1618 -> Chat: so we "should see" another pause in the pattern structure in the next two trading sessions
2014-10-28 17:22:33 [Message] fib_1618 -> Chat: STVO's are now "overbought"
2014-10-28 17:22:39 [Message] fib_1618 -> Chat: but in a somewhat surprise
2014-10-28 17:22:45 [Message] fib_1618 -> Chat: the VTO's are now neutral
2014-10-28 17:23:14 [Message] fib_1618 -> Chat: so, ideally, a 2-3 day period of digestion would be quite healthy for the market
2014-10-28 17:23:33 [Message] fib_1618 -> Chat: and not get itself into a situation where they might not be fully recovered from its flu
2014-10-28 17:23:47 [Message] fib_1618 -> Chat: and then show a quick relapse
2014-10-28 17:24:28 [Message] fib_1618 -> Chat: it is a positive though that the VTO's are showing this much "control" at this stage
2014-10-28 17:24:43 [Message] fib_1618 -> Chat: NYSE TRIN at .77
2014-10-28 17:25:00 [Message] fib_1618 -> Chat: Open 10 at...unbelievable
2014-10-28 17:25:02 [Message] fib_1618 -> Chat: 1.09
2014-10-28 17:25:08 [Message] fib_1618 -> Chat: still "oversold"
2014-10-28 17:25:32 [Message] fib_1618 -> Chat: NASDAQ TRIN at .76
2014-10-28 17:25:54 [Message] fib_1618 -> Chat: but the Open 10 is back to near "overbought" levels at .81
2014-10-28 17:26:05 [Message] fib_1618 -> Chat: so a day or two of shake out would be welcomed there
2014-10-28 17:26:15 [Message] rite01 -> Chat: Always looking forward to a Zweig 9 to 1 day. We haven't had one in over a year now
2014-10-28 17:26:18 [Message] fib_1618 -> Chat: TM TRIN at .77
2014-10-28 17:26:29 [Message] fib_1618 -> Chat: Open 10 at .91
2014-10-28 17:26:31 [Message] fib_1618 -> Chat: neutral
2014-10-28 17:26:34 [Message] fib_1618 -> Chat: so...
2014-10-28 17:26:43 [Message] fib_1618 -> Chat: if there is going to be continued strength near term
2014-10-28 17:26:50 [Message] fib_1618 -> Chat: it will likely come from the mega cap stocks
2014-10-28 17:27:07 [Message] fib_1618 -> Chat: while the growth stocks take a well deserved "time out"
2014-10-28 17:27:42 [Message] fib_1618 -> Chat: with the FED Statement probably being the trigger for this
2014-10-28 17:27:58 [Message] fib_1618 -> Chat: anyway
2014-10-28 17:28:10 [Message] fib_1618 -> Chat: there's no real reason now to play the short card
2014-10-28 17:28:30 [Message] fib_1618 -> Chat: as any counter trend move is likely to be a simple "hit and run" affair
2014-10-28 17:28:52 [Message] fib_1618 -> Chat: and this is why we should be doing our homework in finding leading issues of strength
2014-10-28 17:29:16 [Message] fib_1618 -> Chat: and hopefully we'll have a nice list to work with after Thursday's review
2014-10-28 17:29:18 [Message] fib_1618 -> Chat: anything else?
2014-10-28 17:29:24 [Message] fib_1618 -> Chat: very impressive
2014-10-28 17:29:53 [Message] rite01 -> Chat: a Zweig 9 to 1 would be nice
2014-10-28 17:30:02 [Message] fib_1618 -> Chat: but not necessary
2014-10-28 17:30:17 [Message] fib_1618 -> Chat: you know what this was like today?
2014-10-28 17:30:30 [Message] fib_1618 -> Chat: it would be like dead lifting 200 lbs
2014-10-28 17:30:47 [Message] rite01 -> Chat: ouch
2014-10-28 17:30:48 [Message] fib_1618 -> Chat: and then given an extra 100 lbs and making a still higher lift
2014-10-28 17:31:04 [Message] rite01 -> Chat: Ok never mind
2014-10-28 17:31:04 [Message] fib_1618 -> Chat: you rarely see this kind of strength
2014-10-28 17:31:12 [Message] fib_1618 -> Chat: and yes...ouch
2014-10-28 17:31:27 [Message] fib_1618 -> Chat: but when it happens
2014-10-28 17:31:37 [Message] fib_1618 -> Chat: it must be respected for what it does suggest
2014-10-28 17:31:41 [Message] fib_1618 -> Chat: as always
2014-10-28 17:31:52 [Message] fib_1618 -> Chat: we will continue to monitor things as we move along
2014-10-28 17:31:58 [Message] rite01 -> Chat: come to think about it 9 to 1
2014-10-28 17:32:07 [Message] fib_1618 -> Chat: and continue to look for reasons why we can't do any better
2014-10-28 17:32:28 [Message] rite01 -> Chat: are best at new market bottoms
2014-10-28 17:32:36 [Message] fib_1618 -> Chat: well..
2014-10-28 17:32:56 [Message] fib_1618 -> Chat: to have a 5:1 positive plurality today at a point of what should be exhaustion, is amazing
2014-10-28 17:33:06 [Message] fib_1618 -> Chat: it's like running a full sprint
2014-10-28 17:33:22 [Message] fib_1618 -> Chat: and then getting a shot of speed
2014-10-28 17:33:34 [Message] fib_1618 -> Chat: or better apt
2014-10-28 17:33:54 [Message] fib_1618 -> Chat: the patient feels so much better that he thinks he can do more things than possible
2014-10-28 17:34:13 [Message] fib_1618 -> Chat: we just have to watch for any problems that might arise
2014-10-28 17:34:15 [Message] fib_1618 -> Chat: but at this point
2014-10-28 17:34:39 [Message] fib_1618 -> Chat: this sequence is likely to leave a large majority scratching their heads in wonderment
2014-10-28 17:34:54 [Message] fib_1618 -> Chat: while they look for that "inevitable" pullback
2014-10-28 17:34:57 [Message] fib_1618 -> Chat: which may not come
2014-10-28 17:35:22 [Message] rite01 -> Chat: Thank you for the gold heads up
2014-10-28 17:35:28 [Message] fib_1618 -> Chat: so far
2014-10-28 17:35:33 [Message] fib_1618 -> Chat: the one thing there is you have to decide on which is more important
2014-10-28 17:35:54 [Message] fib_1618 -> Chat: the lack of money moving into the PM stocks
2014-10-28 17:36:28 [Message] fib_1618 -> Chat: or is gold's strength in keeping at current levels a sign that there is government support at these levels
2014-10-28 17:36:34 [Message] fib_1618 -> Chat: for whatever reason
2014-10-28 17:36:44 [Message] fib_1618 -> Chat: stops are in place
2014-10-28 17:36:54 [Message] rite01 -> Chat: right
2014-10-28 17:37:05 [Message] fib_1618 -> Chat: but once the realization that there isn't any support below current levels
2014-10-28 17:37:36 [Message] fib_1618 -> Chat: like Wile E Coyote realizing that he's beyond the cliff
2014-10-28 17:37:44 [Message] fib_1618 -> Chat: down prices should go
2014-10-28 17:38:05 [Message] fib_1618 -> Chat: from my lips..huh?
2014-10-28 17:38:11 [Message] fib_1618 -> Chat: OK...if there's nothing else
2014-10-28 17:38:15 [Message] fib_1618 -> Chat: I'm going to take off
2014-10-28 17:38:22 [Message] fib_1618 -> Chat: everyone have a great couple of days
2014-10-28 17:38:27 [Message] thespookyone -> Chat: thx
2014-10-28 17:38:34 [Message] rite01 -> Chat: ditto
2014-10-28 17:38:35 [Message] fib_1618 -> Chat: and we'll see what's "up" on Thursday
2014-10-28 17:38:36 [Message] fib_1618 -> Chat: good night
2014-10-28 17:38:36 [Message] hawk5734 -> Chat: thanks fib
2014-10-28 17:39:35 [Message] rite01 -> Chat: Good night all!

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