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Posts: 4,869
Reply with quote  #1 
2013-10-29 15:59:39 [Message] fib_1618 -> Chat: good day
2013-10-29 15:59:46 [Message] fib_1618 -> Chat: how is everyone?
2013-10-29 16:03:11 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2013-10-29 16:06:21 [Message] fib_1618 -> Chat: OK...then let's get DP up and see how things are looking
2013-10-29 16:06:57 [Message] fib_1618 -> Chat: after moving to the +25 level on Monday
2013-10-29 16:07:06 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO bounced higher today
2013-10-29 16:07:42 [Message] fib_1618 -> Chat: but it remains below the short term declining tops line that we see on the chart
2013-10-29 16:08:28 [Message] fib_1618 -> Chat: where a move above last weeks highs will be needed to keep the "complexity" of a bullish pattern above the zero line in check
2013-10-29 16:10:10 [Message] fib_1618 -> Chat: looking at the 5% Trend
2013-10-29 16:10:28 [Message] fib_1618 -> Chat: and we see a rather rare occurrence as it's moving sideways at this time
2013-10-29 16:11:01 [Message] fib_1618 -> Chat: this would then tell us that money flow, on an intermediate term basis, is remaining quite consistent over the last couple of weeks
2013-10-29 16:11:14 [Message] fib_1618 -> Chat: with no great movement either way
2013-10-29 16:11:22 [Message] fib_1618 -> Chat: almost catatonic in a sense
2013-10-29 16:11:40 [Message] fib_1618 -> Chat: but as long it remains above its zero line
2013-10-29 16:11:55 [Message] fib_1618 -> Chat: this also tells us that the 39 day EMA continues to rise
2013-10-29 16:12:13 [Message] fib_1618 -> Chat: and the only way that can happen is if the A/D line itself is also rising
2013-10-29 16:12:30 [Message] fib_1618 -> Chat: looking at the CO NYSE breadth MCSUM
2013-10-29 16:12:50 [Message] fib_1618 -> Chat: and we see that it is now within a day or two of reaching the +750 level
2013-10-29 16:12:56 [Message] fib_1618 -> Chat: settling today with a reading of +718
2013-10-29 16:13:21 [Message] fib_1618 -> Chat: so in order for the bulls to push this oscillator above its natural resistance area
2013-10-29 16:13:32 [Message] fib_1618 -> Chat: a new surge of money will need to move into the market
2013-10-29 16:13:39 [Message] fib_1618 -> Chat: and do so by the end of the week
2013-10-29 16:14:02 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2013-10-29 16:14:10 [Message] fib_1618 -> Chat: and we see that we had another small point change today
2013-10-29 16:14:27 [Message] fib_1618 -> Chat: so let's again expect a dramatic move in the major market averages in the next two trading sessions
2013-10-29 16:14:54 [Message] fib_1618 -> Chat: the NYA index also closed at new recovery highs today
2013-10-29 16:15:10 [Message] fib_1618 -> Chat: and now is 204 points away from its all time closing highs
2013-10-29 16:15:47 [Message] fib_1618 -> Chat: looking at the NYSE Composite breadth MCSUM
2013-10-29 16:16:04 [Message] fib_1618 -> Chat: and we see that we not only saw follow through above the important +500 level over the last couple of days
2013-10-29 16:16:16 [Message] fib_1618 -> Chat: but we also moved above horizontal resistance as well on Monday
2013-10-29 16:16:28 [Message] fib_1618 -> Chat: and saw continued upside follow through on that today
2013-10-29 16:17:10 [Message] fib_1618 -> Chat: also of an interesting note here
2013-10-29 16:17:16 [Message] fib_1618 -> Chat: is that if you look back on the chart
2013-10-29 16:17:43 [Message] fib_1618 -> Chat: to the time in which we saw the deepest spike low in the NYSE breadth MCO at the beginning of June
2013-10-29 16:18:06 [Message] fib_1618 -> Chat: you will note that if you take ruler to monitor
2013-10-29 16:18:36 [Message] fib_1618 -> Chat: we are now right at that gap resistance area on the NYSE breadth MCSUM that was created with this same exhaustion point in the MCO
2013-10-29 16:18:45 [Message] fib_1618 -> Chat: given today's small point change
2013-10-29 16:19:01 [Message] fib_1618 -> Chat: and the way we've been showing good character
2013-10-29 16:19:06 [Message] fib_1618 -> Chat: but seem to be sneaking up here
2013-10-29 16:19:39 [Message] fib_1618 -> Chat: it would seem that we are, once again, at a ready point to possibly taking out this last area of important resistance for the current uptrend
2013-10-29 16:19:49 [Message] fib_1618 -> Chat: and with important areas like this
2013-10-29 16:20:24 [Message] fib_1618 -> Chat: we usually see quite a bit of...
2013-10-29 16:20:32 [Message] fib_1618 -> Chat: trying to think of the word
2013-10-29 16:20:42 [Message] fib_1618 -> Chat: guess I'll use "amplitude" (or excitement)
2013-10-29 16:20:46 [Message] fib_1618 -> Chat: with these same breaks
2013-10-29 16:21:16 [Message] fib_1618 -> Chat: whether one will call it coincidence or not with the timing presented here with tomorrow's FED statement doesn't really matter
2013-10-29 16:21:40 [Message] fib_1618 -> Chat: as it would appear that either we're going to find some near term resistance
2013-10-29 16:22:07 [Message] fib_1618 -> Chat: which will give the bulls a couple of days to regroup and try to overcome this same area of the battlefield
2013-10-29 16:22:21 [Message] fib_1618 -> Chat: or we will literally blow through this area with relative ease
2013-10-29 16:22:24 [Message] fib_1618 -> Chat: and in doing so
2013-10-29 16:22:58 [Message] fib_1618 -> Chat: this would then suggest that we're not only to going to challenge the all time highs in the NYA which is our current technical objective with this current sequence
2013-10-29 16:23:14 [Message] fib_1618 -> Chat: but we will be able to stay above these all time high levels as well
2013-10-29 16:23:47 [Message] fib_1618 -> Chat: it would be like a second battalion coming in to help in smashing through the bear's defenses
2013-10-29 16:24:08 [Message] fib_1618 -> Chat: in any event
2013-10-29 16:24:22 [Message] fib_1618 -> Chat: it would appear that we have an exciting couple of days coming up
2013-10-29 16:24:46 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO
2013-10-29 16:25:05 [Message] fib_1618 -> Chat: and we see that we had bounce higher today off the +10 level
2013-10-29 16:25:34 [Message] fib_1618 -> Chat: and as we look at the NASDAQ breadth MCSUM
2013-10-29 16:25:45 [Message] fib_1618 -> Chat: we note that we have indeed moved back above the +400 level
2013-10-29 16:25:53 [Message] fib_1618 -> Chat: which proved to be resistance the last time around
2013-10-29 16:26:07 [Message] fib_1618 -> Chat: this now opens the door for the important challenge of the +500 level
2013-10-29 16:27:04 [Message] fib_1618 -> Chat: and also the first of several gap resistance areas that were created back in the late August period
2013-10-29 16:27:38 [Message] fib_1618 -> Chat: where any break above these levels would then clear the way for not only a successful challenge of the +500 level on the MCSUM
2013-10-29 16:28:08 [Message] fib_1618 -> Chat: but it would then open the door for another attempt to test the highs of the last 13 years in the NASDAQ breadth MCSUM
2013-10-29 16:28:24 [Message] fib_1618 -> Chat: a break of that...and we're on our way to the all time highs in prices
2013-10-29 16:28:41 [Message] fib_1618 -> Chat: important couple of days coming up here
2013-10-29 16:29:12 [Message] fib_1618 -> Chat: speaking of price highs
2013-10-29 16:29:33 [Message] fib_1618 -> Chat: we are now 50 points away from reaching our upside target in the NASDAQ Composite of 4000
2013-10-29 16:30:16 [Message] fib_1618 -> Chat: with any break above the just mentioned MCSUM gap area then providing a test of the 4250 level
2013-10-29 16:32:13 [Message] fib_1618 -> Chat: moving to the NDX
2013-10-29 16:32:39 [Message] fib_1618 -> Chat: and we're starting to see a bit of strength finally coming into this basket of stocks
2013-10-29 16:32:57 [Message] fib_1618 -> Chat: with such names as Amazon, Google and Apple leading the way
2013-10-29 16:33:23 [Message] fib_1618 -> Chat: and looking at the NDX breadth MCSUM
2013-10-29 16:33:33 [Message] fib_1618 -> Chat: and we see that we're now above the +800 level
2013-10-29 16:33:53 [Message] fib_1618 -> Chat: so it's now likely that we're going to move to our next hurdle in this sequence to the +1000 level
2013-10-29 16:34:03 [Message] fib_1618 -> Chat: and with the current configuration in the NDX MCO
2013-10-29 16:34:23 [Message] fib_1618 -> Chat: it would appear that we now have a suitable foundation in which to extend higher now
2013-10-29 16:34:51 [Message] fib_1618 -> Chat: which would make the technician in all of us feel a bit more comfortable given the congested look of the pattern
2013-10-29 16:35:26 [Message] fib_1618 -> Chat: new all time high close in the SPX as it continues to its upside target of 1825
2013-10-29 16:35:37 [Message] fib_1618 -> Chat: and like the NDX breadth MCO
2013-10-29 16:35:48 [Message] fib_1618 -> Chat: the SPX breadth MCO also has a bottom above a bottom in place right now
2013-10-29 16:36:25 [Message] fib_1618 -> Chat: while the SPX breadth MCSUM has now "cleared the tower" of its horizontal resistance point
2013-10-29 16:37:02 [Message] fib_1618 -> Chat: with nice separation of the individual postings indicating that the buyers have control right now
2013-10-29 16:37:07 [Message] fib_1618 -> Chat: which also means
2013-10-29 16:37:22 [Message] fib_1618 -> Chat: there is absolutely no indication of the sellers gaining any control
2013-10-29 16:37:41 [Message] fib_1618 -> Chat: which...allows us to say...
2013-10-29 16:37:57 [Message] fib_1618 -> Chat: that the path of LEAST RESISTANCE remains to the upside
2013-10-29 16:38:54 [Message] fib_1618 -> Chat: oh...and have you noticed now how we're getting write ups now on how the bulls are 'stupid" and don't know what they're doing?
2013-10-29 16:39:09 [Message] fib_1618 -> Chat: this is part of the point of recognition mentality
2013-10-29 16:39:11 [Message] fib_1618 -> Chat: no less
2013-10-29 16:39:19 [Message] fib_1618 -> Chat: added fuel for the bull itself
2013-10-29 16:39:47 [Message] fib_1618 -> Chat: you will see this continue to pick up the pace for another couple of weeks
2013-10-29 16:39:57 [Message] fib_1618 -> Chat: and then, all of sudden, the advance will be embraced
2013-10-29 16:40:12 [Message] fib_1618 -> Chat: and we'll then get our opportunity for a rest
2013-10-29 16:40:45 [Message] thespookyone -> Chat: they just can't stop trying to pick "the top"
2013-10-29 16:40:51 [Message] fib_1618 -> Chat: and that's OK
2013-10-29 16:40:54 [Message] fib_1618 -> Chat: because
2013-10-29 16:41:00 [Message] fib_1618 -> Chat: bull markets don't like company
2013-10-29 16:41:13 [Message] thespookyone -> Chat: nope
2013-10-29 16:41:20 [Message] fib_1618 -> Chat: whether it's because there are for fundamental reasons or spite
2013-10-29 16:41:50 [Message] fib_1618 -> Chat: only after those who have been fighting the natural ebb and flow of the prices moving in this current direction have given up
2013-10-29 16:42:04 [Message] fib_1618 -> Chat: only then will prices lose this same fuel that's driving it
2013-10-29 16:42:11 [Message] fib_1618 -> Chat: remember last week?
2013-10-29 16:42:35 [Message] fib_1618 -> Chat: remember how the ISEE again moved to levels associated with price lows over the last 2 years?
2013-10-29 16:43:14 [Message] fib_1618 -> Chat: the only ones who are fighting this now are those who have been overwhelming wrong in their analysis
2013-10-29 16:43:24 [Message] fib_1618 -> Chat: and will continue to call tops until...
2013-10-29 16:43:26 [Message] fib_1618 -> Chat: there is one
2013-10-29 16:43:32 [Message] fib_1618 -> Chat: and then say "I told you so" to save whatever respect they have left
2013-10-29 16:43:34 [Message] fib_1618 -> Chat: meanwhile
2013-10-29 16:43:41 [Message] fib_1618 -> Chat: what's the SPX up so far this year?
2013-10-29 16:44:04 [Message] fib_1618 -> Chat: 18%?
2013-10-29 16:44:15 [Message] fib_1618 -> Chat: 18%!!
2013-10-29 16:44:21 [Message] fib_1618 -> Chat: in less than a year?
2013-10-29 16:44:29 [Message] thespookyone -> Chat: coming into today, the 10 day arms on the naz was 1.21-yet everyone thinks the market is very overbought
2013-10-29 16:44:32 [Message] fib_1618 -> Chat: and still people fight this
2013-10-29 16:44:59 [Message] fib_1618 -> Chat: it's like I say in one of my signatures
2013-10-29 16:45:10 [Message] fib_1618 -> Chat: "what we see depends greatly on what we look for"
2013-10-29 16:45:29 [Message] fib_1618 -> Chat: you can not have a bias and make money in the market on a consistent basis
2013-10-29 16:45:39 [Message] fib_1618 -> Chat: you MUST leave any feelings you have
2013-10-29 16:45:47 [Message] fib_1618 -> Chat: whether it be fundamental or technical
2013-10-29 16:45:53 [Message] fib_1618 -> Chat: at the door each day you go to you work
2013-10-29 16:46:07 [Message] fib_1618 -> Chat: if you bring your problems with you
2013-10-29 16:46:29 [Message] fib_1618 -> Chat: you will be blinded to things in which are staring you in the face
2013-10-29 16:46:53 [Message] fib_1618 -> Chat: the market will take all your money from you under these conditions
2013-10-29 16:47:01 [Message] fib_1618 -> Chat: where the real objective here is to go with the flow
2013-10-29 16:47:12 [Message] fib_1618 -> Chat: and get the answers to any questions you might have later on
2013-10-29 16:47:36 [Message] fib_1618 -> Chat: moving to the OEX
2013-10-29 16:47:53 [Message] fib_1618 -> Chat: and we see new recovery price highs today
2013-10-29 16:47:57 [Message] fib_1618 -> Chat: and this leaves us...
2013-10-29 16:48:13 [Message] fib_1618 -> Chat: darn...threw away my notes
2013-10-29 16:48:15 [Message] fib_1618 -> Chat: one sec
2013-10-29 16:49:11 [Message] fib_1618 -> Chat: and we're now 43 points from the all time closing highs there as well
2013-10-29 16:49:32 [Message] fib_1618 -> Chat: the all time closing highs are 832.65
2013-10-29 16:49:49 [Message] fib_1618 -> Chat: and looking at the OEX breadth MCO
2013-10-29 16:50:04 [Message] fib_1618 -> Chat: we see what looks like that it perceptively closed above its recent highs today
2013-10-29 16:50:11 [Message] fib_1618 -> Chat: which would confirm the new recovery highs
2013-10-29 16:50:15 [Message] fib_1618 -> Chat: now...
2013-10-29 16:50:20 [Message] fib_1618 -> Chat: looking at the OEX breadth MCSUM
2013-10-29 16:50:33 [Message] fib_1618 -> Chat: and once again we are at an important juncture near term
2013-10-29 16:51:02 [Message] fib_1618 -> Chat: with our now challenging the reaction highs of late September
2013-10-29 16:51:16 [Message] fib_1618 -> Chat: any break above this level will not only clear the way to challenge the all time highs
2013-10-29 16:51:41 [Message] fib_1618 -> Chat: but we would have enough of a momentum push to take the MCSUM above the +750 level
2013-10-29 16:51:43 [Message] fib_1618 -> Chat: and with it
2013-10-29 16:51:59 [Message] fib_1618 -> Chat: would then increase the likelihood of not only moving above the all time highs
2013-10-29 16:52:01 [Message] fib_1618 -> Chat: but staying there
2013-10-29 16:52:30 [Message] fib_1618 -> Chat: so...another index suggesting that the next couple of days could turn out to be historically important
2013-10-29 16:52:49 [Message] fib_1618 -> Chat: new break out to new recovery highs now in the Dow breadth MCO
2013-10-29 16:52:57 [Message] fib_1618 -> Chat: and this now clears the way for new all time price highs in the Dow
2013-10-29 16:53:09 [Message] fib_1618 -> Chat: of which...
2013-10-29 16:53:10 [Message] fib_1618 -> Chat: let me see
2013-10-29 16:53:49 [Message] fib_1618 -> Chat: oh...hello
2013-10-29 16:54:03 [Message] fib_1618 -> Chat: has anyone heard on the news that the Dow closed at new all time highs today?
2013-10-29 16:54:10 [Message] fib_1618 -> Chat: I haven't
2013-10-29 16:54:31 [Message] fib_1618 -> Chat: old highs were 15,676.94
2013-10-29 16:54:49 [Message] fib_1618 -> Chat: today we closed at 15,680.35
2013-10-29 16:54:57 [Message] fib_1618 -> Chat: it took a bit to get here
2013-10-29 16:55:00 [Message] thespookyone -> Chat: [smile]
2013-10-29 16:55:16 [Message] fib_1618 -> Chat: but as we knew after the Dow breadth MCSUM was able to get back above its zero line
2013-10-29 16:55:25 [Message] fib_1618 -> Chat: that allowed for at least a challenge of those highs
2013-10-29 16:55:33 [Message] fib_1618 -> Chat: and now with the Dow breadth MCO moving to higher highs
2013-10-29 16:55:42 [Message] fib_1618 -> Chat: we'll likely stay above these highs
2013-10-29 16:55:53 [Message] fib_1618 -> Chat: really...has anyone heard anything on this??
2013-10-29 16:56:07 [Message] fib_1618 -> Chat: I guess not
2013-10-29 16:56:11 [Message] fib_1618 -> Chat: interesting
2013-10-29 16:56:44 [Message] fib_1618 -> Chat: and the Dow breadth MCSUM should now be able to move above the +250 level as soon as Wednesday
2013-10-29 16:56:45 [Message] fib_1618 -> Chat: and with that
2013-10-29 16:56:56 [Message] fib_1618 -> Chat: we will usually see some sort of affirmation by the market
2013-10-29 16:57:12 [Message] fib_1618 -> Chat: so using this one index of 30 stocks
2013-10-29 16:57:23 [Message] fib_1618 -> Chat: with today's small point change on the NYSE breadth MCO
2013-10-29 16:57:41 [Message] fib_1618 -> Chat: along with the recent strength in the NDX, SPX and OEX indices
2013-10-29 16:57:56 [Message] fib_1618 -> Chat: highly suggests that tomorrow is going to be a "most positive day"
2013-10-29 16:58:18 [Message] fib_1618 -> Chat: new all time closing highs on the MID today
2013-10-29 16:58:54 [Message] fib_1618 -> Chat: and while the MID breadth MCO had a lower close in its short term declining sequence on Monday
2013-10-29 16:59:02 [Message] fib_1618 -> Chat: if we look at the 10% Index
2013-10-29 16:59:14 [Message] fib_1618 -> Chat: we see that we diverged with this same lower close
2013-10-29 16:59:27 [Message] fib_1618 -> Chat: this would indicate positive internal divergence
2013-10-29 16:59:50 [Message] fib_1618 -> Chat: and this suggests that money flow is moving in more rapidly than it is moving out
2013-10-29 17:00:27 [Message] fib_1618 -> Chat: even the intraday breadth data has been stellar since October 9th
2013-10-29 17:00:39 [Message] fib_1618 -> Chat: and just looking at the last hour today
2013-10-29 17:00:51 [Message] fib_1618 -> Chat: money was overwhelmingly moving in at the close
2013-10-29 17:01:22 [Message] fib_1618 -> Chat: as if something leaked out today
2013-10-29 17:01:34 [Message] fib_1618 -> Chat: oh wow
2013-10-29 17:01:39 [Message] fib_1618 -> Chat: even in the NASDAQ
2013-10-29 17:01:47 [Message] fib_1618 -> Chat: a lot of power came in today
2013-10-29 17:01:55 [Message] fib_1618 -> Chat: I sure wouldn't want to be short here
2013-10-29 17:02:02 [Message] fib_1618 -> Chat: too much money moving in
2013-10-29 17:02:24 [Message] fib_1618 -> Chat: note also that the MID breadth MCSUM is now approaching the +1000 level
2013-10-29 17:02:35 [Message] fib_1618 -> Chat: so even if the sellers attempted an ambush near term
2013-10-29 17:02:50 [Message] fib_1618 -> Chat: it wouldn't mean too much in the bigger scheme of things
2013-10-29 17:03:04 [Message] fib_1618 -> Chat: small point change on the SML breadth MCO
2013-10-29 17:03:19 [Message] fib_1618 -> Chat: with a new all time close here as well on the SML
2013-10-29 17:03:33 [Message] fib_1618 -> Chat: and looking at the 1 year chart here
2013-10-29 17:03:49 [Message] fib_1618 -> Chat: you can see the classic "stair stepping" that accompanies strongly trending markets
2013-10-29 17:04:15 [Message] fib_1618 -> Chat: wow
2013-10-29 17:04:26 [Message] fib_1618 -> Chat: the SML has been up 11 of the last 13 days
2013-10-29 17:04:58 [Message] fib_1618 -> Chat: and up a whopping 26% since the beginning of the year
2013-10-29 17:05:19 [Message] fib_1618 -> Chat: boy...I sure wouldn't want to see what a bull market looks like! [smile]
2013-10-29 17:05:56 [Message] fib_1618 -> Chat: these returns are now higher than when we were getting 21% on our savings accounts back in the late 1970's! [smile]
2013-10-29 17:06:22 [Message] fib_1618 -> Chat: and a small point change on the TM breadth MCO
2013-10-29 17:06:51 [Message] fib_1618 -> Chat: with the TM breadth MCSUM now 15 data points away from the +500 level
2013-10-29 17:07:04 [Message] fib_1618 -> Chat: and new all time high close in the Wilshire 5000 index
2013-10-29 17:07:09 [Message] fib_1618 -> Chat: so...
2013-10-29 17:07:19 [Message] fib_1618 -> Chat: looks like were ready to crash at any time
2013-10-29 17:07:32 [Message] fib_1618 -> Chat: so hold on to your wallet!
2013-10-29 17:07:45 [Message] fib_1618 -> Chat: (hmmm...not even one reaction)
2013-10-29 17:08:20 [Message] fib_1618 -> Chat: OK...OK...
2013-10-29 17:08:27 [Message] fib_1618 -> Chat: the bulls continue to have control of the ball
2013-10-29 17:08:46 [Message] fib_1618 -> Chat: and are about to send up a long one down the sidelines
2013-10-29 17:10:44 [Message] fib_1618 -> Chat: on to the volume McClellan's
2013-10-29 17:12:31 [Message] fib_1618 -> Chat: the CO NYSE volume MCSUM perceptively moved above horizontal resistance today
2013-10-29 17:13:01 [Message] fib_1618 -> Chat: so the buyers will need to come in with added strength near term to confirm this break above resistance
2013-10-29 17:13:29 [Message] fib_1618 -> Chat: but as we look at the NYSE Composite volume MCSUM
2013-10-29 17:13:38 [Message] fib_1618 -> Chat: we see that we have already moved above this resistance
2013-10-29 17:13:56 [Message] fib_1618 -> Chat: and this on the backs of the interest rate sensitive issues
2013-10-29 17:14:27 [Message] fib_1618 -> Chat: which, as you all saw over the weekend, continue to build on their prior weeks platform
2013-10-29 17:14:55 [Message] fib_1618 -> Chat: looking at the NASDAQ volume MCO
2013-10-29 17:15:05 [Message] fib_1618 -> Chat: and we see that it continues to struggle below its zero line
2013-10-29 17:15:35 [Message] fib_1618 -> Chat: but it bounced higher today on the back of its 10% Index bouncing off its zero line
2013-10-29 17:15:38 [Message] fib_1618 -> Chat: keep in mind
2013-10-29 17:15:52 [Message] fib_1618 -> Chat: that when we see the MCO above or below its zero line
2013-10-29 17:15:58 [Message] fib_1618 -> Chat: while the components don't agree
2013-10-29 17:16:06 [Message] fib_1618 -> Chat: we know that we are in a corrective sequence
2013-10-29 17:16:16 [Message] fib_1618 -> Chat: a point of indecision
2013-10-29 17:16:30 [Message] fib_1618 -> Chat: that usually results in prices moving net sideways by and large
2013-10-29 17:16:44 [Message] fib_1618 -> Chat: this time is a bit different in that respect
2013-10-29 17:16:53 [Message] fib_1618 -> Chat: as prices continue to take the path of least resistance
2013-10-29 17:17:34 [Message] fib_1618 -> Chat: and by looking at the last couple of weeks of decline that's been created here in the NASDAQ volume MCSUM
2013-10-29 17:17:45 [Message] fib_1618 -> Chat: when we get congested postings as we see here
2013-10-29 17:17:59 [Message] fib_1618 -> Chat: it instructs us that the sellers have very little strength to actually make a difference as to the direction of prices
2013-10-29 17:18:03 [Message] fib_1618 -> Chat: and once that's taken away
2013-10-29 17:18:40 [Message] fib_1618 -> Chat: market movements in the opposite direction, that of the direction of strength, tend to take the attitude of "catching up for lost time"
2013-10-29 17:18:50 [Message] fib_1618 -> Chat: and dynamic price moves result
2013-10-29 17:19:32 [Message] fib_1618 -> Chat: interesting again how all of this kind of compression, resistance, is all focusing on one point in time
2013-10-29 17:19:37 [Message] fib_1618 -> Chat: that being
2013-10-29 17:19:38 [Message] fib_1618 -> Chat: we assume
2013-10-29 17:19:42 [Message] fib_1618 -> Chat: the Fed Meeting
2013-10-29 17:19:46 [Message] fib_1618 -> Chat: could be something else
2013-10-29 17:20:08 [Message] fib_1618 -> Chat: BTW
2013-10-29 17:20:16 [Message] fib_1618 -> Chat: the DAX closed at new all time highs today
2013-10-29 17:20:25 [Message] fib_1618 -> Chat: and the first time above the 9000 level
2013-10-29 17:20:27 [Message] fib_1618 -> Chat: again
2013-10-29 17:20:45 [Message] fib_1618 -> Chat: as we talked about for the better part of the Government Shutdown correction
2013-10-29 17:21:17 [Message] fib_1618 -> Chat: the global markets were doing quite well while we focused on things that we couldn't control
2013-10-29 17:21:31 [Message] fib_1618 -> Chat: and what turned out to be wholesale pricing
2013-10-29 17:22:17 [Message] fib_1618 -> Chat: this is how we learn what the difference is between what we should consider important and that of a simple distraction
2013-10-29 17:22:25 [Message] fib_1618 -> Chat: merchandising comes in many forms
2013-10-29 17:22:34 [Message] fib_1618 -> Chat: most of the time it comes on the back of news events
2013-10-29 17:22:51 [Message] fib_1618 -> Chat: so that the greater populace can have a plausible reason of why things are what the are
2013-10-29 17:23:01 [Message] fib_1618 -> Chat: I was listening to the news this morning
2013-10-29 17:23:26 [Message] fib_1618 -> Chat: and they were bewildered on why the market was up when all the economic and sentiment data was bad
2013-10-29 17:23:39 [Message] fib_1618 -> Chat: we, of course, have learned better
2013-10-29 17:23:55 [Message] fib_1618 -> Chat: and even to a point on what actually drives prices in one direction or the other
2013-10-29 17:24:17 [Message] fib_1618 -> Chat: and not having it based on hear say or some pointy head economic theory
2013-10-29 17:24:49 [Message] fib_1618 -> Chat: the NDX volume MCO has now moved to minimally "oversold"
2013-10-29 17:25:21 [Message] fib_1618 -> Chat: so it's now the expectation here is for at least a snapback to or toward the NDX volume MCO zero line
2013-10-29 17:26:10 [Message] fib_1618 -> Chat: I also once again want to point out the similarity to the current 1 year price chart of the NDX to that of the late 1999 period
2013-10-29 17:26:46 [Message] fib_1618 -> Chat: where, if we see the market rhyme, we could see quite an explosive move in prices to the upside over the next couple of months
2013-10-29 17:26:54 [Message] fib_1618 -> Chat: so stay vigilant here
2013-10-29 17:27:25 [Message] fib_1618 -> Chat: we're also seeing good volume characteristics with the SPX volume MCO
2013-10-29 17:27:38 [Message] fib_1618 -> Chat: as well as the OEX volume MCO
2013-10-29 17:27:47 [Message] fib_1618 -> Chat: and look at the money moving into the Dow volume MCO now
2013-10-29 17:28:17 [Message] fib_1618 -> Chat: zero line support continues to hold on the MID volume MCO in check
2013-10-29 17:28:59 [Message] fib_1618 -> Chat: and is it coincidence that this is all happening with the MID volume MCSUM just below the +500 level?
2013-10-29 17:29:13 [Message] fib_1618 -> Chat: probably not [smile]
2013-10-29 17:29:37 [Message] fib_1618 -> Chat: the SML volume MCSUM is also testing horizontal resistance now
2013-10-29 17:30:20 [Message] fib_1618 -> Chat: while the TM volume MCSUM reflects what many volume related traders have been noticing of late
2013-10-29 17:30:27 [Message] fib_1618 -> Chat: a lack of real conviction in the markets
2013-10-29 17:31:13 [Message] fib_1618 -> Chat: and when we have this kind of lethargic attitude
2013-10-29 17:31:31 [Message] fib_1618 -> Chat: the market will usually sag with the weight of the bear market default
2013-10-29 17:31:41 [Message] fib_1618 -> Chat: and that's exactly what we're seeing
2013-10-29 17:31:42 [Message] fib_1618 -> Chat: so...
2013-10-29 17:32:01 [Message] fib_1618 -> Chat: it would now appear that the next two days are about to provide clarity for the majority of traders
2013-10-29 17:32:12 [Message] fib_1618 -> Chat: this could be as of result of the FED
2013-10-29 17:32:25 [Message] fib_1618 -> Chat: or looking at the economic calendar
2013-10-29 17:33:03 [Message] fib_1618 -> Chat: ADP is due in the morning
2013-10-29 17:33:23 [Message] fib_1618 -> Chat: and that could be quite weak as the shutdown echos
2013-10-29 17:33:27 [Message] fib_1618 -> Chat: if so...
2013-10-29 17:33:31 [Message] fib_1618 -> Chat: bonds should rally
2013-10-29 17:33:41 [Message] fib_1618 -> Chat: interest rates will continue to move lower
2013-10-29 17:34:03 [Message] fib_1618 -> Chat: add to that the FED is likely to stay pat now with a new Fed Chair coming in early next year
2013-10-29 17:34:10 [Message] fib_1618 -> Chat: and no news is good news
2013-10-29 17:34:25 [Message] fib_1618 -> Chat: and that should, in theory, provide a positive response
2013-10-29 17:34:37 [Message] fib_1618 -> Chat: let's see how the volume oscillators are doing
2013-10-29 17:35:07 [Message] fib_1618 -> Chat: only the Dow CVI is climactic
2013-10-29 17:35:17 [Message] fib_1618 -> Chat: everything else is purring along
2013-10-29 17:35:27 [Message] fib_1618 -> Chat: as is the STVO's and the VTO's
2013-10-29 17:35:38 [Message] fib_1618 -> Chat: so money is moving in, but not in an excited manner
2013-10-29 17:35:58 [Message] fib_1618 -> Chat: NYSE TRIN at .87
2013-10-29 17:36:06 [Message] fib_1618 -> Chat: Open 10 at 1.05
2013-10-29 17:36:10 [Message] fib_1618 -> Chat: "oversold"
2013-10-29 17:36:23 [Message] fib_1618 -> Chat: NASDAQ TRIN at 1.01
2013-10-29 17:36:40 [Message] fib_1618 -> Chat: Open 10 deeply "oversold" at 1.16
2013-10-29 17:36:51 [Message] fib_1618 -> Chat: talk about a pressure cooker there
2013-10-29 17:37:18 [Message] fib_1618 -> Chat: and the 21 day SMA of the NASDAQ TRIN (TRINQ) is now "oversold" as well
2013-10-29 17:37:32 [Message] fib_1618 -> Chat: looks like we're going to blow through 4000
2013-10-29 17:37:44 [Message] fib_1618 -> Chat: TM TRIN at .97
2013-10-29 17:37:50 [Message] fib_1618 -> Chat: wow
2013-10-29 17:37:55 [Message] fib_1618 -> Chat: Open 10 at 1.20
2013-10-29 17:38:02 [Message] fib_1618 -> Chat: so...
2013-10-29 17:38:10 [Message] fib_1618 -> Chat: the bulls continue to hold on to the ball
2013-10-29 17:38:31 [Message] fib_1618 -> Chat: while the bear's defense is not only non existent
2013-10-29 17:38:40 [Message] fib_1618 -> Chat: but it's also very weak right now
2013-10-29 17:38:58 [Message] fib_1618 -> Chat: meaning that it's probably going to take several weeks now for the sellers to gain any kind of momentum
2013-10-29 17:39:11 [Message] fib_1618 -> Chat: regardless of what happens over the next couple of days
2013-10-29 17:39:23 [Message] fib_1618 -> Chat: bottom line...we continue to be long and strong with this market
2013-10-29 17:39:26 [Message] fib_1618 -> Chat: let me check the BETS
2013-10-29 17:40:29 [Message] fib_1618 -> Chat: the AMEX price chart is now 74 points from its all time highs
2013-10-29 17:41:15 [Message] fib_1618 -> Chat: +60
2013-10-29 17:41:22 [Message] fib_1618 -> Chat: no change from last Friday
2013-10-29 17:41:41 [Message] fib_1618 -> Chat: but there continues to be marked improvement everywhere you look
2013-10-29 17:41:44 [Message] fib_1618 -> Chat: anything else?
2013-10-29 17:43:37 [Message] thespookyone -> Chat: the stvo's on the financials are almost back to zero
2013-10-29 17:44:13 [Message] fib_1618 -> Chat: checking
2013-10-29 17:44:40 [Message] fib_1618 -> Chat: yes...and the VTO is rising
2013-10-29 17:44:55 [Message] fib_1618 -> Chat: which usually means that the STVO will find zero line support and pop higher
2013-10-29 17:44:58 [Message] thespookyone -> Chat: yes, a Harbinger?
2013-10-29 17:45:02 [Message] fib_1618 -> Chat: nope
2013-10-29 17:45:05 [Message] fib_1618 -> Chat: a pause
2013-10-29 17:45:16 [Message] fib_1618 -> Chat: just like all of us
2013-10-29 17:45:25 [Message] thespookyone -> Chat: no, I meant of a future large move up
2013-10-29 17:45:26 [Message] fib_1618 -> Chat: the market breaths in and breaths out
2013-10-29 17:45:32 [Message] fib_1618 -> Chat: if it gets too excited
2013-10-29 17:45:47 [Message] fib_1618 -> Chat: it needs to calm itself before it takes on the next challenge..yes...a future extension higher
2013-10-29 17:46:18 [Message] fib_1618 -> Chat: maybe we'll hit the volume oscillators on the sectors on Thursday
2013-10-29 17:46:28 [Message] fib_1618 -> Chat: they could provide some additional insight
2013-10-29 17:46:40 [Message] fib_1618 -> Chat: OK...if there's nothing else
2013-10-29 17:46:43 [Message] fib_1618 -> Chat: I'm going to take off
2013-10-29 17:46:48 [Message] fib_1618 -> Chat: everyone have a great couple of days
2013-10-29 17:46:59 [Message] fib_1618 -> Chat: and we'll see what this animal has in store for us on Thursday
2013-10-29 17:47:01 [Message] fib_1618 -> Chat: good night

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