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fib_1618

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Posts: 4,532
Reply with quote  #1 
2014-10-09 16:00:05 [Message] fib_1618 -> Chat: good day
2014-10-09 16:00:08 [Message] fib_1618 -> Chat: how is everyone?
2014-10-09 16:00:41 [Message] hawk5734 -> Chat: Great Fib....good day to you as well
2014-10-09 16:03:48 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2014-10-09 16:04:07 [Message] fib_1618 -> Chat: and I just want to make a quick comment
2014-10-09 16:04:30 [Message] fib_1618 -> Chat: this is probably the most boring market I've ever witnessed...nothing seems to be moving
2014-10-09 16:04:35 [Message] fib_1618 -> Chat: [smile]
2014-10-09 16:04:38 [Message] hawk5734 -> Chat: lol
2014-10-09 16:04:56 [Message] hawk5734 -> Chat: +330 predicted on the DOW tomorrow
2014-10-09 16:05:08 [Message] fib_1618 -> Chat: darn market is on crack cocaine...maybe even crystal meth!!
2014-10-09 16:05:38 [Message] fib_1618 -> Chat: talk about taking your breath away...wow!!
2014-10-09 16:05:48 [Message] fib_1618 -> Chat: but in the end
2014-10-09 16:05:58 [Message] fib_1618 -> Chat: we're right back were we started on Tuesday
2014-10-09 16:06:10 [Message] fib_1618 -> Chat: yesterday was like the old currency pits of the 80's
2014-10-09 16:06:38 [Message] fib_1618 -> Chat: when the FED said "boo" and the yen moved in 5% increments
2014-10-09 16:06:49 [Message] fib_1618 -> Chat: or the $
2014-10-09 16:07:19 [Message] fib_1618 -> Chat: OK...lots to go over, and I have to take an early leave tonight, so let's get going
2014-10-09 16:07:43 [Message] thespookyone -> Chat: I don't feel however, that this instability bodes well....
2014-10-09 16:07:51 [Message] fib_1618 -> Chat: after a snapback attempt...no
2014-10-09 16:07:54 [Message] fib_1618 -> Chat: it doesn't
2014-10-09 16:07:59 [Message] fib_1618 -> Chat: it's very dangerous
2014-10-09 16:08:14 [Message] fib_1618 -> Chat: especially since we closed below Tuesday's lows today on many of the majors
2014-10-09 16:08:27 [Message] fib_1618 -> Chat: and the shorts were left in the dust
2014-10-09 16:08:38 [Message] fib_1618 -> Chat: that's one way to shake the tree
2014-10-09 16:08:40 [Message] fib_1618 -> Chat: you cut it down
2014-10-09 16:08:45 [Message] thespookyone -> Chat: LOL
2014-10-09 16:08:46 [Message] fib_1618 -> Chat: at the knees
2014-10-09 16:08:57 [Message] fib_1618 -> Chat: never seen anything like it
2014-10-09 16:09:11 [Message] fib_1618 -> Chat: I was up in my gold positions by 34% before the FED minutes
2014-10-09 16:09:16 [Message] fib_1618 -> Chat: and I was at a loss at the close
2014-10-09 16:09:24 [Message] thespookyone -> Chat: wow
2014-10-09 16:09:40 [Message] fib_1618 -> Chat: highly leveraged, of course
2014-10-09 16:09:48 [Message] fib_1618 -> Chat: but wow...wee...kazowie!!
2014-10-09 16:09:58 [Message] fib_1618 -> Chat: and all in a period of 2 hours?
2014-10-09 16:10:10 [Message] fib_1618 -> Chat: anyway
2014-10-09 16:10:29 [Message] fib_1618 -> Chat: but we notice that with all of the fanfare of Wednesday
2014-10-09 16:10:44 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO was STILL not able to take out its mid September highs
2014-10-09 16:10:51 [Message] fib_1618 -> Chat: and, once again, down we went
2014-10-09 16:11:19 [Message] fib_1618 -> Chat: the CO NYSE breadth MCSUM is now at its next level of natural support at the -750 level
2014-10-09 16:11:40 [Message] fib_1618 -> Chat: and unless we see another abrupt move to the upside on Friday
2014-10-09 16:11:55 [Message] fib_1618 -> Chat: things will begin to get a bit on the hairy side for the bulls
2014-10-09 16:12:08 [Message] fib_1618 -> Chat: for now
2014-10-09 16:12:24 [Message] fib_1618 -> Chat: we'll acknowledge the bottom above divergent bottom for now
2014-10-09 16:12:34 [Message] fib_1618 -> Chat: but with the extreme volatility
2014-10-09 16:12:49 [Message] fib_1618 -> Chat: this is now going to take the better part of a week to settle things
2014-10-09 16:13:08 [Message] fib_1618 -> Chat: and we still have OPEX next week in front of us
2014-10-09 16:13:27 [Message] fib_1618 -> Chat: to play options right now is just down right dangerous
2014-10-09 16:13:45 [Message] fib_1618 -> Chat: and not at all recommended...even for the seasoned pros
2014-10-09 16:14:08 [Message] fib_1618 -> Chat: looking at the NYA
2014-10-09 16:14:18 [Message] fib_1618 -> Chat: and we see that we closed at lower lows today
2014-10-09 16:15:00 [Message] fib_1618 -> Chat: with the only thing between current levels and the downside double top objective of 9800 is the area of support at 10,300
2014-10-09 16:15:23 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2014-10-09 16:15:33 [Message] fib_1618 -> Chat: and here we actually took out the mid September highs on Wednesday
2014-10-09 16:15:52 [Message] fib_1618 -> Chat: which, again, is not too surprising given the recent strength in the bond market
2014-10-09 16:20:20 [Message] fib_1618 -> Chat: back to the NYSE Composite breadth MCO
2014-10-09 16:20:44 [Message] fib_1618 -> Chat: and the recent strength there is because of the interest rate sensitive issues
2014-10-09 16:20:45 [Message] fib_1618 -> Chat: in fact
2014-10-09 16:21:08 [Message] fib_1618 -> Chat: I thought I heard this morning that the 10 year was getting very close to our downside target of 2.15%
2014-10-09 16:21:10 [Message] fib_1618 -> Chat: let me check
2014-10-09 16:21:35 [Message] fib_1618 -> Chat: 2.28%
2014-10-09 16:21:41 [Message] fib_1618 -> Chat: so another .13% to go
2014-10-09 16:21:48 [Message] fib_1618 -> Chat: and with the current momentum
2014-10-09 16:22:14 [Message] fib_1618 -> Chat: and the "news" that the FED is likely to keep interest rates low past the spring of next year as long as there isn't any wage inflation
2014-10-09 16:22:37 [Message] fib_1618 -> Chat: it's a high probably that the 2.15% goal will be met...
2014-10-09 16:22:48 [Message] fib_1618 -> Chat: and if the Bond CEF A/D line is making new highs during this time
2014-10-09 16:23:02 [Message] fib_1618 -> Chat: the next downside is just under 2%
2014-10-09 16:23:08 [Message] fib_1618 -> Chat: goodness
2014-10-09 16:23:20 [Message] fib_1618 -> Chat: and politicians believe that the economy is great?
2014-10-09 16:23:26 [Message] fib_1618 -> Chat: the markets sure don't
2014-10-09 16:23:59 [Message] fib_1618 -> Chat: looking at the NYSE Composite MCSUM
2014-10-09 16:24:35 [Message] fib_1618 -> Chat: and we see that it's getting closer now to its goal of -500
2014-10-09 16:24:44 [Message] fib_1618 -> Chat: in fact
2014-10-09 16:24:57 [Message] fib_1618 -> Chat: any further weakness in the next day or so will meet this goal as well
2014-10-09 16:25:04 [Message] fib_1618 -> Chat: for the near term
2014-10-09 16:25:26 [Message] fib_1618 -> Chat: it's highly important now that the bulls hold the reaction lows of Tuesday here with the MCO
2014-10-09 16:25:36 [Message] fib_1618 -> Chat: for if they don't
2014-10-09 16:25:55 [Message] fib_1618 -> Chat: the structural pattern will likely collapse
2014-10-09 16:26:08 [Message] fib_1618 -> Chat: leading to new lower lows in the overall pattern
2014-10-09 16:26:32 [Message] fib_1618 -> Chat: price pattern wise
2014-10-09 16:26:41 [Message] fib_1618 -> Chat: boy...this sure looks like, and acts like, a classic Elliott 4th wave here
2014-10-09 16:26:53 [Message] fib_1618 -> Chat: with all of the volatility that goes along with it
2014-10-09 16:27:10 [Message] fib_1618 -> Chat: so we should expect a 5th wave to complete the pattern fairly soon
2014-10-09 16:27:35 [Message] fib_1618 -> Chat: if it hasn't already started off the news event that provoked the shorts to cover their assets on Wednesday
2014-10-09 16:27:47 [Message] fib_1618 -> Chat: as a chartist
2014-10-09 16:28:14 [Message] fib_1618 -> Chat: we will note that the reflex yesterday satisfied the pattern structure snapback to what was previous base support for the double top formation
2014-10-09 16:28:22 [Message] fib_1618 -> Chat: and we also found resistance at the 200 day EMA
2014-10-09 16:28:32 [Message] fib_1618 -> Chat: this has very bearish in its implications
2014-10-09 16:28:43 [Message] fib_1618 -> Chat: and because of this
2014-10-09 16:29:10 [Message] fib_1618 -> Chat: we might be looking at some sort of an "event" that will properly "cleanse the system" once and for all
2014-10-09 16:29:26 [Message] fib_1618 -> Chat: hopefully, it won't be more than a 5% move from here
2014-10-09 16:29:48 [Message] fib_1618 -> Chat: and that only the dynamics of the shake out will make it FEEL worse than it is
2014-10-09 16:30:23 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO
2014-10-09 16:31:36 [Message] fib_1618 -> Chat: and here we see a similar pattern to what we saw last week in the MID and SML breadth MCO's before the large downside move at the end of September
2014-10-09 16:31:49 [Message] fib_1618 -> Chat: if there is be consistency here
2014-10-09 16:32:07 [Message] fib_1618 -> Chat: we shouldn't be surprised if we see another round of heavy selling taking place by Monday
2014-10-09 16:32:32 [Message] fib_1618 -> Chat: with the probability of taking out the recent MCO lows
2014-10-09 16:32:47 [Message] fib_1618 -> Chat: and the possibility of taking out the lows of July
2014-10-09 16:33:06 [Message] fib_1618 -> Chat: especially if the NDX breadth MCSUM is anywhere near crossing its zero line to the downside
2014-10-09 16:33:18 [Message] fib_1618 -> Chat: and moving to that chart
2014-10-09 16:33:37 [Message] fib_1618 -> Chat: we see that the NDX breadth MCSUM has a current reading of +179
2014-10-09 16:33:49 [Message] fib_1618 -> Chat: so it's about 4 trading days from seeing the zero line
2014-10-09 16:34:08 [Message] fib_1618 -> Chat: unless, of course, we have an high imbalance of selling near term
2014-10-09 16:34:18 [Message] fib_1618 -> Chat: let me take a quick look at the plurality today
2014-10-09 16:34:30 [Message] fib_1618 -> Chat: oh man
2014-10-09 16:34:33 [Message] fib_1618 -> Chat: have you seen this?
2014-10-09 16:34:42 [Message] fib_1618 -> Chat: 390/2800 for the NYSE
2014-10-09 16:34:53 [Message] fib_1618 -> Chat: 404/2327 for the NASDAQ
2014-10-09 16:35:04 [Message] fib_1618 -> Chat: that's more of a kick off than it's a finishing move
2014-10-09 16:35:08 [Message] fib_1618 -> Chat: oh boy... [frown]
2014-10-09 16:35:09 [Message] fib_1618 -> Chat: not good
2014-10-09 16:35:26 [Message] fib_1618 -> Chat: hey Lew...you getting that uneasy feeling here?
2014-10-09 16:35:47 [Message] unc1998 -> Chat: it was worse on the volume side
2014-10-09 16:35:48 [Message] fib_1618 -> Chat: this is like the days leading up the 10/19/87
2014-10-09 16:36:01 [Message] fib_1618 -> Chat: where we had abnormal plurality on the 16th
2014-10-09 16:36:14 [Message] fib_1618 -> Chat: and we just collapsed at the open on Monday
2014-10-09 16:36:26 [Message] fib_1618 -> Chat: sigh
2014-10-09 16:36:30 [Message] fib_1618 -> Chat: thinking
2014-10-09 16:36:33 [Message] fib_1618 -> Chat: looking
2014-10-09 16:36:57 [Message] fib_1618 -> Chat: do you know...
2014-10-09 16:37:13 [Message] fib_1618 -> Chat: that the NDX breadth MCO still hasn't eclipsed its declining tops line yet?
2014-10-09 16:37:41 [Message] fib_1618 -> Chat: and there's just too much of a downside retracement now in the NASDAQ breadth MCO
2014-10-09 16:37:48 [Message] fib_1618 -> Chat: moving to the SPX
2014-10-09 16:38:03 [Message] fib_1618 -> Chat: something is wrong here folks
2014-10-09 16:38:10 [Message] fib_1618 -> Chat: if you're thinking of looking for a bottom
2014-10-09 16:38:11 [Message] fib_1618 -> Chat: don't
2014-10-09 16:38:24 [Message] fib_1618 -> Chat: the market is under extreme downside pressure right now
2014-10-09 16:38:49 [Message] fib_1618 -> Chat: here's what we're looking at
2014-10-09 16:38:55 [Message] fib_1618 -> Chat: if you look at the SPX breadth MCO
2014-10-09 16:39:07 [Message] fib_1618 -> Chat: you will see the gyrations of money first moving in and then moving out
2014-10-09 16:39:13 [Message] fib_1618 -> Chat: as we talk about so many times in the past
2014-10-09 16:39:31 [Message] fib_1618 -> Chat: it is extremely important that there be texture in these oscillator readings
2014-10-09 16:39:44 [Message] fib_1618 -> Chat: for when we see straight line moves as we have right now
2014-10-09 16:39:59 [Message] fib_1618 -> Chat: it tells us that neither the bulls nor the bears have "control" of the trend
2014-10-09 16:40:05 [Message] fib_1618 -> Chat: but being below the MCO zero line itself
2014-10-09 16:40:21 [Message] fib_1618 -> Chat: this also tells us that if there's going to be any surprises, it's going to be with the sellers
2014-10-09 16:40:29 [Message] fib_1618 -> Chat: right now
2014-10-09 16:40:54 [Message] fib_1618 -> Chat: any "construction" that's needed to build an internal base is non existent
2014-10-09 16:41:14 [Message] fib_1618 -> Chat: and like we saw a week ago with the MID and SML
2014-10-09 16:41:24 [Message] fib_1618 -> Chat: the only way now to sort things out is to start over
2014-10-09 16:41:44 [Message] fib_1618 -> Chat: and with so many traders conditioned to buy the proverbial dip
2014-10-09 16:42:15 [Message] fib_1618 -> Chat: and there wasn't any further rally after moving up over 2% on Wednesday on the back of supposed "good news"
2014-10-09 16:42:30 [Message] fib_1618 -> Chat: this does not bode well for the integrity of the price structure
2014-10-09 16:42:34 [Message] fib_1618 -> Chat: it's sort of like
2014-10-09 16:42:48 [Message] fib_1618 -> Chat: being nauseous
2014-10-09 16:42:58 [Message] fib_1618 -> Chat: but you hold it in because you just don't want to do it
2014-10-09 16:43:08 [Message] fib_1618 -> Chat: and suddenly, you're left with no choice but to do it
2014-10-09 16:43:19 [Message] fib_1618 -> Chat: of course, after you do, you feel a whole lot better
2014-10-09 16:43:34 [Message] fib_1618 -> Chat: but will this be one of a dry heave?
2014-10-09 16:43:57 [Message] fib_1618 -> Chat: or will it mimic shades of Linda Blair in the Exorcist?
2014-10-09 16:44:05 [Message] fib_1618 -> Chat: right now
2014-10-09 16:44:12 [Message] fib_1618 -> Chat: one would have to lean to the later
2014-10-09 16:44:30 [Message] fib_1618 -> Chat: as it looks like the buyers have used up all of the ammunition now
2014-10-09 16:44:41 [Message] fib_1618 -> Chat: just as the bears did time after time over the last 2 years
2014-10-09 16:44:56 [Message] fib_1618 -> Chat: and now the market will go along with the path of "least resistance"
2014-10-09 16:45:19 [Message] fib_1618 -> Chat: next week is setting up to be a bad one unless we see some fresh funds enter the market
2014-10-09 16:45:53 [Message] fib_1618 -> Chat: the OEX breadth MCSUM moved down and through the +250 level today
2014-10-09 16:46:05 [Message] fib_1618 -> Chat: so did the Dow
2014-10-09 16:46:13 [Message] fib_1618 -> Chat: the OEX and Dow are joined at the hip right now
2014-10-09 16:46:16 [Message] fib_1618 -> Chat: which means
2014-10-09 16:46:35 [Message] fib_1618 -> Chat: if both of them break the MCSUM zero line simultaneously
2014-10-09 16:46:53 [Message] fib_1618 -> Chat: it's likely to be a humdinger given the levels we see in the other indices
2014-10-09 16:47:12 [Message] fib_1618 -> Chat: the MID price pattern broke horizontal support today
2014-10-09 16:47:18 [Message] fib_1618 -> Chat: and closed at the lows of the day to boot
2014-10-09 16:47:59 [Message] fib_1618 -> Chat: downside double top target there is 1260
2014-10-09 16:48:17 [Message] fib_1618 -> Chat: so another 60 points from here
2014-10-09 16:48:55 [Message] fib_1618 -> Chat: we're already down 8.5% since the 9/19 "go to cash" signal
2014-10-09 16:49:21 [Message] fib_1618 -> Chat: and we couldn't even close above the mid September highs on Wednesday
2014-10-09 16:50:02 [Message] fib_1618 -> Chat: here's a great example on why it's so important to work with the daily close data and not to try to chase after the kind of move we saw yesterday
2014-10-09 16:50:12 [Message] fib_1618 -> Chat: for if you didn't use the close only data
2014-10-09 16:50:30 [Message] fib_1618 -> Chat: and you decided that the market had bottomed and bought into this at the end of the day on Wednesday
2014-10-09 16:50:42 [Message] fib_1618 -> Chat: you got your rear end handed to you on a platter today
2014-10-09 16:50:54 [Message] fib_1618 -> Chat: the market even teased everyone early on
2014-10-09 16:51:04 [Message] fib_1618 -> Chat: thinking that it was just a consolidation
2014-10-09 16:51:08 [Message] fib_1618 -> Chat: but then 1950 on the SPX broke
2014-10-09 16:51:14 [Message] fib_1618 -> Chat: and so did everything else
2014-10-09 16:51:31 [Message] fib_1618 -> Chat: BTW
2014-10-09 16:52:13 [Message] fib_1618 -> Chat: any break of 1900 will propel the SPX to our 1825 target given on Tuesday (I think it was Tuesday...maybe last Thursday?)
2014-10-09 16:52:15 [Message] fib_1618 -> Chat: no matter
2014-10-09 16:53:02 [Message] fib_1618 -> Chat: the SML chart action closed below the lows of February today
2014-10-09 16:53:14 [Message] fib_1618 -> Chat: so that target has been met
2014-10-09 16:53:19 [Message] fib_1618 -> Chat: and with such relative ease
2014-10-09 16:53:50 [Message] fib_1618 -> Chat: the SML breadth MCSUM also moved to lower lows today below the -750 level
2014-10-09 16:54:11 [Message] fib_1618 -> Chat: confirming today's lower price lows
2014-10-09 16:54:50 [Message] fib_1618 -> Chat: tremendous downside pressure now in the internals
2014-10-09 16:55:15 [Message] fib_1618 -> Chat: we also took out any chance of the "Hammer Stick" as well today
2014-10-09 16:55:38 [Message] fib_1618 -> Chat: and the TM breadth MCSUM moved down and through the -500 level today
2014-10-09 16:56:18 [Message] fib_1618 -> Chat: with a high probability that we will meet the next level of natural support at the -750 level sooner than later
2014-10-09 16:56:20 [Message] fib_1618 -> Chat: so...
2014-10-09 16:56:29 [Message] fib_1618 -> Chat: not a good couple of days for the market
2014-10-09 16:56:51 [Message] fib_1618 -> Chat: as it lurched up as if was being stimulated by shock therapy (the Frankenstein Monster comes to mind)
2014-10-09 16:57:37 [Message] fib_1618 -> Chat: and it appears that we have another sharp decline coming before there will be any chance of an internal low
2014-10-09 16:57:44 [Message] fib_1618 -> Chat: but the good news is
2014-10-09 16:58:04 [Message] fib_1618 -> Chat: once we get the OEX and Dow breadth MCSUM's to join the others below their zero lines
2014-10-09 16:58:23 [Message] fib_1618 -> Chat: then, and only then, will there be a chance for the wash out we've been looking for
2014-10-09 16:58:33 [Message] fib_1618 -> Chat: moving on to the McClellan sectors
2014-10-09 17:01:08 [Message] fib_1618 -> Chat: we see a top beneath a top from yesterday's rally in the XLY breadth MCO
2014-10-09 17:01:35 [Message] fib_1618 -> Chat: and this would suggest than another downward thrust will be needed before we'll likely see a more supportive low point in the pattern
2014-10-09 17:02:23 [Message] fib_1618 -> Chat: these recent divergent MCSUM highs in the many of the price charts is really taking its toll here
2014-10-09 17:02:44 [Message] fib_1618 -> Chat: same with the XLP breadth MCO
2014-10-09 17:02:55 [Message] fib_1618 -> Chat: but here we continue to find resistance at the zero line
2014-10-09 17:03:03 [Message] fib_1618 -> Chat: and like we always talk about
2014-10-09 17:03:21 [Message] fib_1618 -> Chat: prices may be able to move to new highs on any sudden thrusts like we had on Wednesday
2014-10-09 17:03:58 [Message] fib_1618 -> Chat: but to stay there you need to see a better technical structure in the MCO to make this happen
2014-10-09 17:04:11 [Message] fib_1618 -> Chat: and we had a hard price reversal today as a result
2014-10-09 17:04:33 [Message] fib_1618 -> Chat: looks like a classic "stick it to you" high in this index now
2014-10-09 17:05:03 [Message] fib_1618 -> Chat: and we should now start to see this defensive sector begin to participate to the downside
2014-10-09 17:05:26 [Message] fib_1618 -> Chat: any break below the -50 level on the XLP breadth MCO will confirm this
2014-10-09 17:05:47 [Message] fib_1618 -> Chat: the XLE continues to look miserable
2014-10-09 17:06:12 [Message] fib_1618 -> Chat: as a full retracement back to the February lows is now picking up steam
2014-10-09 17:06:56 [Message] fib_1618 -> Chat: with any close below current levels triggering the $80 level as our next stopping point
2014-10-09 17:07:04 [Message] fib_1618 -> Chat: the lesson here being...
2014-10-09 17:07:18 [Message] fib_1618 -> Chat: never get involved in highly news related declines or advances
2014-10-09 17:07:28 [Message] fib_1618 -> Chat: or you're likely to have your head handed to you
2014-10-09 17:07:35 [Message] fib_1618 -> Chat: no less your trading account
2014-10-09 17:07:50 [Message] fib_1618 -> Chat: me thinks we might get to $80 now on WTIC
2014-10-09 17:08:01 [Message] fib_1618 -> Chat: and that would be the lowest level since 2011
2014-10-09 17:08:22 [Message] fib_1618 -> Chat: though I am looking forward to sub $3.00 a gallon gas [smile]
2014-10-09 17:09:03 [Message] fib_1618 -> Chat: the XLF breadth MCSUM broke below its August lows today
2014-10-09 17:09:13 [Message] fib_1618 -> Chat: and it's just a fraction above its February lows
2014-10-09 17:09:41 [Message] fib_1618 -> Chat: and if that breaks
2014-10-09 17:10:01 [Message] fib_1618 -> Chat: we could see this ETF move all the way back to the $20.50 level
2014-10-09 17:10:07 [Message] fib_1618 -> Chat: which is about 11% from here
2014-10-09 17:10:27 [Message] fib_1618 -> Chat: I wonder how may bears will be able to take advantage of all this?
2014-10-09 17:10:33 [Message] fib_1618 -> Chat: they've waiting so long
2014-10-09 17:10:57 [Message] fib_1618 -> Chat: and they might miss this if they try to be cute here
2014-10-09 17:11:31 [Message] fib_1618 -> Chat: also notice as we move through these sector MCO's
2014-10-09 17:11:43 [Message] fib_1618 -> Chat: that none of them have broken above their declining tops lines as yet
2014-10-09 17:12:01 [Message] fib_1618 -> Chat: and this just adds added pressure to a market that is already prone to failure
2014-10-09 17:12:41 [Message] fib_1618 -> Chat: next we come to the only ray of light for the buyers
2014-10-09 17:13:10 [Message] fib_1618 -> Chat: as the XLV price index remains above its accelerated rising bottoms line
2014-10-09 17:13:31 [Message] fib_1618 -> Chat: but the XLV breadth MCO suggests that this line is likely to be broken in the next day or so
2014-10-09 17:14:06 [Message] fib_1618 -> Chat: the XLI chart settled at its August lows today
2014-10-09 17:14:32 [Message] fib_1618 -> Chat: and we're about to go down and through the -500 level on the XLI breadth MCSUM
2014-10-09 17:15:00 [Message] fib_1618 -> Chat: seems that we're going to see a concurrent move in both areas breaking support
2014-10-09 17:15:31 [Message] fib_1618 -> Chat: the XLB breadth MCSUM moved down and through the -750 level today
2014-10-09 17:15:53 [Message] fib_1618 -> Chat: so any follow through on Friday will allow prices to challenge the $45.50 level
2014-10-09 17:16:15 [Message] fib_1618 -> Chat: as a quick aside
2014-10-09 17:16:27 [Message] fib_1618 -> Chat: I have NEVER seen so many companies willing to lend money out right now
2014-10-09 17:16:52 [Message] fib_1618 -> Chat: I'm getting faxes, phone calls, and postal mail all wanting to loan out funds
2014-10-09 17:17:16 [Message] fib_1618 -> Chat: don't know what that says about business conditions
2014-10-09 17:17:23 [Message] fib_1618 -> Chat: but I thought I share it anyway
2014-10-09 17:18:06 [Message] fib_1618 -> Chat: the XLK breadth MCO is showing a text book bearish complex pattern right now
2014-10-09 17:18:24 [Message] fib_1618 -> Chat: and this will keep prices from rallying for the next 3-4 weeks
2014-10-09 17:19:09 [Message] fib_1618 -> Chat: and there's still money moving into the XLU sector
2014-10-09 17:19:20 [Message] fib_1618 -> Chat: but when we look at the XLU breadth MCSUM
2014-10-09 17:19:32 [Message] fib_1618 -> Chat: we don't see a whole lot of conviction by the buyers here
2014-10-09 17:19:50 [Message] fib_1618 -> Chat: as the individual postings are congested and barely gaining any traction
2014-10-09 17:20:03 [Message] fib_1618 -> Chat: that's a recipe for disaster short term
2014-10-09 17:20:16 [Message] fib_1618 -> Chat: so if you're trading the utilities
2014-10-09 17:20:34 [Message] fib_1618 -> Chat: you may want to have a tight stop on your positions
2014-10-09 17:20:37 [Message] fib_1618 -> Chat: so...
2014-10-09 17:20:47 [Message] fib_1618 -> Chat: not a lot of good news with the sectors right now
2014-10-09 17:21:05 [Message] fib_1618 -> Chat: as the market remains very heavy...looking for a savior
2014-10-09 17:21:42 [Message] fib_1618 -> Chat: CVI's are having a heart attack right now
2014-10-09 17:21:46 [Message] fib_1618 -> Chat: but more importantly
2014-10-09 17:21:55 [Message] fib_1618 -> Chat: the STVO's are back to neutral right now
2014-10-09 17:22:02 [Message] fib_1618 -> Chat: so one side is about to take control of the action
2014-10-09 17:22:25 [Message] fib_1618 -> Chat: with all of the breadth MCO's below their zero lines
2014-10-09 17:22:43 [Message] fib_1618 -> Chat: the odds are pretty good that the sellers are going to take the lead here...at least initially
2014-10-09 17:23:04 [Message] fib_1618 -> Chat: NYSE TRIN at 1.59
2014-10-09 17:23:18 [Message] fib_1618 -> Chat: Open 10 at 1.13
2014-10-09 17:23:24 [Message] fib_1618 -> Chat: at this point
2014-10-09 17:23:43 [Message] fib_1618 -> Chat: we're likely to see the NYSE Open 10 approach the 1.30 level before we'll see some sort of internal low
2014-10-09 17:23:59 [Message] fib_1618 -> Chat: oh man...not again
2014-10-09 17:24:07 [Message] fib_1618 -> Chat: the NASDAQ TRIN is at .77
2014-10-09 17:24:21 [Message] fib_1618 -> Chat: Open 10 down to .97
2014-10-09 17:24:31 [Message] fib_1618 -> Chat: no sign of a bottom there
2014-10-09 17:24:43 [Message] fib_1618 -> Chat: TM TRIN At .91
2014-10-09 17:24:56 [Message] fib_1618 -> Chat: Open 10 at 1.04
2014-10-09 17:25:08 [Message] fib_1618 -> Chat: we're going to need more "cow bell" here [wink]
2014-10-09 17:25:25 [Message] fib_1618 -> Chat: to allow the market to mooooove lower
2014-10-09 17:25:48 [Message] fib_1618 -> Chat: so...it would seem that we're setting up for some of capitulation
2014-10-09 17:26:01 [Message] fib_1618 -> Chat: something to get all of the unwilling sellers out of the market
2014-10-09 17:26:08 [Message] fib_1618 -> Chat: if today's reversal doesn't do it
2014-10-09 17:26:23 [Message] fib_1618 -> Chat: something is waiting in the wings...you can be sure of that
2014-10-09 17:26:34 [Message] fib_1618 -> Chat: let me check the BETS and I'm going to have close early
2014-10-09 17:27:29 [Message] fib_1618 -> Chat: the NAAD line is moving AGGRESSIVELY to the downside now
2014-10-09 17:28:00 [Message] fib_1618 -> Chat: -35
2014-10-09 17:28:04 [Message] fib_1618 -> Chat: just like Tuesday
2014-10-09 17:28:14 [Message] fib_1618 -> Chat: as if nothing happened since our last session [wink]
2014-10-09 17:28:17 [Message] fib_1618 -> Chat: anything else?
2014-10-09 17:28:44 [Message] fib_1618 -> Chat: just one word of caution here
2014-10-09 17:28:56 [Message] fib_1618 -> Chat: if we were to somehow rally in the next two sessions
2014-10-09 17:29:25 [Message] fib_1618 -> Chat: you want to make extra sure that the internals are able to push the MCO's take out their mid September highs before any mention of trying to play the long side
2014-10-09 17:29:36 [Message] fib_1618 -> Chat: all of this is just flex and reflex action
2014-10-09 17:29:48 [Message] fib_1618 -> Chat: and until we get more uniformity in the internals
2014-10-09 17:29:56 [Message] fib_1618 -> Chat: it's going to continue to be this way
2014-10-09 17:30:13 [Message] fib_1618 -> Chat: the one thing we don't want is to be whipsawed into making a trade
2014-10-09 17:30:19 [Message] fib_1618 -> Chat: as many found out today
2014-10-09 17:30:54 [Message] fib_1618 -> Chat: if you try to follow a price move that has no underlying basis for it to be supported
2014-10-09 17:31:01 [Message] fib_1618 -> Chat: you will lose in the end
2014-10-09 17:31:11 [Message] fib_1618 -> Chat: remain disciplined here
2014-10-09 17:31:20 [Message] fib_1618 -> Chat: as there is no hurry in all of this
2014-10-09 17:31:28 [Message] fib_1618 -> Chat: this is the markets way to provoke a reaction
2014-10-09 17:31:39 [Message] fib_1618 -> Chat: try not to get caught up in these kind of shenanigans
2014-10-09 17:31:49 [Message] fib_1618 -> Chat: OK..if there's nothing else
2014-10-09 17:31:52 [Message] fib_1618 -> Chat: I'm going to take off
2014-10-09 17:31:57 [Message] fib_1618 -> Chat: everyone have a super weekend
2014-10-09 17:32:07 [Message] fib_1618 -> Chat: and we'll see how all this sorts out on Tuesday
2014-10-09 17:32:08 [Message] fib_1618 -> Chat: good night
2014-10-09 17:32:10 [Message] hawk5734 -> Chat: thanks again Fib...you also

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