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Posts: 4,868
Reply with quote  #1 
2014-11-11 16:00:06 [Message] fib_1618 -> Chat: good day
2014-11-11 16:00:08 [Message] fib_1618 -> Chat: how is everyone?
2014-11-11 16:00:26 [Message] rite01 -> Chat: Great here!
2014-11-11 16:02:14 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2014-11-11 16:02:52 [Message] rite01 -> Chat: Got stopped out on GLD Friday
2014-11-11 16:03:33 [Message] fib_1618 -> Chat: quite a ride, huh?
2014-11-11 16:03:53 [Message] fib_1618 -> Chat: usually that happens when an important price area is tested
2014-11-11 16:06:31 [Message] rite01 -> Chat: unc there you are thank you for the URL last week
2014-11-11 16:07:34 [Message] unc1998 -> Chat: no problem...hope it was useful!
2014-11-11 16:08:07 [Message] rite01 -> Chat: Yes it is and lots to go over
2014-11-11 16:09:26 [Message] fib_1618 -> Chat: OK...let's get SC up and get started
2014-11-11 16:10:06 [Message] fib_1618 -> Chat: after having a couple of back to back small point change days
2014-11-11 16:10:16 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO finally moved lower today
2014-11-11 16:10:54 [Message] fib_1618 -> Chat: and is now within the vicinity of challenging its mid October lows
2014-11-11 16:11:05 [Message] fib_1618 -> Chat: as we discussed last week
2014-11-11 16:11:20 [Message] fib_1618 -> Chat: it will take a break of these same October lows for break the upside path of prices
2014-11-11 16:11:42 [Message] fib_1618 -> Chat: given that the NYA closed higher today with this loss in the MCO
2014-11-11 16:11:52 [Message] fib_1618 -> Chat: this would suggest that this may happen as soon as Wednesday
2014-11-11 16:12:17 [Message] fib_1618 -> Chat: and we'll finally get our expected digestion period that we've been looking for over the last couple of weeks
2014-11-11 16:12:35 [Message] fib_1618 -> Chat: looking at the NYSE CO breadth MCSUM
2014-11-11 16:12:58 [Message] fib_1618 -> Chat: and we see that we're nearing our first horizontal resistance area as well at this time at the +400 level
2014-11-11 16:13:14 [Message] fib_1618 -> Chat: so this would be a good place to find some sort of hesitation near term
2014-11-11 16:13:32 [Message] fib_1618 -> Chat: looking at the NYSE CO MCO components
2014-11-11 16:13:55 [Message] fib_1618 -> Chat: and we see that they're distance between the two Trends is quite wide at this time
2014-11-11 16:14:26 [Message] fib_1618 -> Chat: and this would suggest that even if this MCO were to break the mid October MCO lows and unwind all the way down to the zero line
2014-11-11 16:14:41 [Message] fib_1618 -> Chat: this would only be part of a long anticipated corrective process
2014-11-11 16:14:47 [Message] fib_1618 -> Chat: and NOT the start of a change in trend
2014-11-11 16:15:07 [Message] fib_1618 -> Chat: more than would kick off a high level consolidation
2014-11-11 16:15:20 [Message] fib_1618 -> Chat: giving the market a well deserved rest
2014-11-11 16:15:45 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2014-11-11 16:15:57 [Message] fib_1618 -> Chat: and here too we see that it finished up moving lower today
2014-11-11 16:16:08 [Message] fib_1618 -> Chat: but not by very much...a -8 today
2014-11-11 16:16:21 [Message] fib_1618 -> Chat: as with the CO data
2014-11-11 16:16:39 [Message] fib_1618 -> Chat: it will be important for the current trend for this MCO to hold above its mid October lows
2014-11-11 16:16:58 [Message] fib_1618 -> Chat: with any break of these lows suggesting a digestion period at hand
2014-11-11 16:17:52 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO
2014-11-11 16:18:19 [Message] fib_1618 -> Chat: and here we see the development of a small series of tops beneath tops on the chart
2014-11-11 16:18:49 [Message] fib_1618 -> Chat: with the NASDAQ price index breaking out of its symmetrical triangle configuration to the upside as it was anticipated last week
2014-11-11 16:19:11 [Message] fib_1618 -> Chat: this shows that there is a loss of momentum now in the current advancing sequence
2014-11-11 16:19:42 [Message] fib_1618 -> Chat: and that it's likely that we'll move back into this same congestion area...probably tomorrow
2014-11-11 16:20:33 [Message] fib_1618 -> Chat: here too...we note that the NASDAQ breadth MCSUM is about to test its own horizontal resistance point seen in September
2014-11-11 16:20:44 [Message] fib_1618 -> Chat: so unless we see the buyers once again step in
2014-11-11 16:21:20 [Message] fib_1618 -> Chat: the likely outcome given today's weakening internal trend shown in the MCO is a snapback to the MCSUM zero line over the next couple of days
2014-11-11 16:21:37 [Message] fib_1618 -> Chat: any near term support though would then be a highly bullish event
2014-11-11 16:22:15 [Message] fib_1618 -> Chat: especially if after the test of support is provided, the MCSUM moved to higher highs
2014-11-11 16:22:50 [Message] fib_1618 -> Chat: new recovery price highs as well with the NDX price index
2014-11-11 16:23:00 [Message] fib_1618 -> Chat: while the NDX breadth MCO also moved slightly lower today
2014-11-11 16:23:04 [Message] fib_1618 -> Chat: once again though
2014-11-11 16:23:13 [Message] fib_1618 -> Chat: we remain above the important mid October lows
2014-11-11 16:23:38 [Message] fib_1618 -> Chat: and as long as the buyers are able to maintain this buoyancy above the mid October level
2014-11-11 16:23:46 [Message] fib_1618 -> Chat: prices will be able to continue to chug higher
2014-11-11 16:24:19 [Message] fib_1618 -> Chat: also of note here is that the NDX breadth MCSUM is up against two areas of resistance currently
2014-11-11 16:24:29 [Message] fib_1618 -> Chat: first being natural MCSUM resistance at the +1000 level
2014-11-11 16:24:46 [Message] fib_1618 -> Chat: and then it has its own horizontal resistance at these same levels
2014-11-11 16:25:05 [Message] fib_1618 -> Chat: well...maybe a bit higher at around the +1100 level
2014-11-11 16:25:31 [Message] fib_1618 -> Chat: but close enough to where we could see some sort of pause in the directional flow of money
2014-11-11 16:25:59 [Message] fib_1618 -> Chat: moving to the SPX breadth MCSUM
2014-11-11 16:26:23 [Message] fib_1618 -> Chat: and we see that it has moved above its horizontal resistance point on Monday
2014-11-11 16:26:43 [Message] fib_1618 -> Chat: and given what we've seen so far
2014-11-11 16:27:13 [Message] fib_1618 -> Chat: much of this strength that we're seeing in the SPX can be partially credited to the MID and SML
2014-11-11 16:27:34 [Message] fib_1618 -> Chat: as they should be leading things to the upside...we'll check that out in a moment
2014-11-11 16:28:10 [Message] fib_1618 -> Chat: the OEX breadth MCSUM also moved above its horizontal resistance level today
2014-11-11 16:28:20 [Message] fib_1618 -> Chat: so the large caps seem to be a good shape for now
2014-11-11 16:28:52 [Message] fib_1618 -> Chat: as not only have we broken above the declining tops lines in the MCSUM last week
2014-11-11 16:29:06 [Message] fib_1618 -> Chat: but we have now taken our any series of tops beneath tops
2014-11-11 16:29:33 [Message] fib_1618 -> Chat: turning the path of least resistance from lower to higher on an intermediate term basis
2014-11-11 16:29:38 [Message] fib_1618 -> Chat: and because of that
2014-11-11 16:29:45 [Message] fib_1618 -> Chat: the month of December should be a good one once this pause to refresh has passed
2014-11-11 16:29:53 [Message] fib_1618 -> Chat: and this should spill over into January
2014-11-11 16:30:24 [Message] fib_1618 -> Chat: moving to the Dow breadth MCSUM
2014-11-11 16:30:30 [Message] fib_1618 -> Chat: and it's now at 1 year highs
2014-11-11 16:30:37 [Message] fib_1618 -> Chat: let me check the longer term chart
2014-11-11 16:31:01 [Message] fib_1618 -> Chat: in fact
2014-11-11 16:31:12 [Message] fib_1618 -> Chat: it's at its highest level now since the summer of 2013
2014-11-11 16:31:38 [Message] fib_1618 -> Chat: taking out a series of SIX declining tops in its wake
2014-11-11 16:31:54 [Message] fib_1618 -> Chat: this is a highly bullish situation now
2014-11-11 16:32:17 [Message] fib_1618 -> Chat: as we can now give a new upside price target for the Dow
2014-11-11 16:32:19 [Message] fib_1618 -> Chat: one moment...let me see what it projects to
2014-11-11 16:33:13 [Message] fib_1618 -> Chat: this breakout is good for another 2250 Dow points
2014-11-11 16:33:16 [Message] fib_1618 -> Chat: which would put it at...
2014-11-11 16:33:31 [Message] fib_1618 -> Chat: around 19,500
2014-11-11 16:33:53 [Message] fib_1618 -> Chat: time wise
2014-11-11 16:34:02 [Message] fib_1618 -> Chat: conservatively...within a year
2014-11-11 16:34:20 [Message] fib_1618 -> Chat: but if the rest of the market begins to see higher MCSUM readings as well
2014-11-11 16:34:33 [Message] fib_1618 -> Chat: then we can move up this timeline
2014-11-11 16:34:59 [Message] fib_1618 -> Chat: but for now...19,500 is now our next price target based on the Dow breadth MCSUM's break of its declining tops
2014-11-11 16:35:36 [Message] fib_1618 -> Chat: moving to the MID breadth MCO
2014-11-11 16:35:50 [Message] fib_1618 -> Chat: and we see here that we are actually challenging the lows of mid October now
2014-11-11 16:36:30 [Message] fib_1618 -> Chat: as the MID breadth MCSUM is now less than 35 data points away from its natural resistance area of +750
2014-11-11 16:36:57 [Message] fib_1618 -> Chat: so a good time for the MCO to break these same mid October lows to put a full stop on the MCSUM's advance
2014-11-11 16:37:20 [Message] fib_1618 -> Chat: the good news here though
2014-11-11 16:37:41 [Message] fib_1618 -> Chat: is that we moved above the mid September highs on the MID breadth MCSUM today
2014-11-11 16:38:09 [Message] fib_1618 -> Chat: so that should make it easier for prices to consolidate at these levels on any extended pause that we might see near to short term
2014-11-11 16:38:36 [Message] fib_1618 -> Chat: pretty much the same situation with the SML breadth MCO
2014-11-11 16:38:47 [Message] fib_1618 -> Chat: as it's now challenging its mid October lows
2014-11-11 16:39:05 [Message] fib_1618 -> Chat: Nikkei just opened up at 7 year highs
2014-11-11 16:39:17 [Message] fib_1618 -> Chat: more importantly is that
2014-11-11 16:39:39 [Message] fib_1618 -> Chat: the SML breadth MCSUM has not only cleared above its September highs
2014-11-11 16:39:51 [Message] fib_1618 -> Chat: but it has now cleared above its July exhaustion point as well
2014-11-11 16:40:04 [Message] fib_1618 -> Chat: this is a highly bullish event
2014-11-11 16:40:36 [Message] fib_1618 -> Chat: as it would suggest that prices now have enough fuel to clear above the all time high in prices on this current price pattern sequence
2014-11-11 16:40:47 [Message] rite01 -> Chat: So this is how they all work together. Just starting to become somewhat clear
2014-11-11 16:41:11 [Message] fib_1618 -> Chat: yes...
2014-11-11 16:41:30 [Message] fib_1618 -> Chat: when we talk about things "working together to meet a certain goal"
2014-11-11 16:41:37 [Message] fib_1618 -> Chat: it's a two prong event
2014-11-11 16:41:48 [Message] fib_1618 -> Chat: first the internals will move in sync with each other
2014-11-11 16:42:05 [Message] fib_1618 -> Chat: that money would move into areas that are not so deserving
2014-11-11 16:42:33 [Message] fib_1618 -> Chat: ie...don't create a dividend...or even a lack of quality earnings on a consistent basis
2014-11-11 16:43:00 [Message] fib_1618 -> Chat: but the intramarket price charts should all be moving in sync with each other
2014-11-11 16:43:18 [Message] fib_1618 -> Chat: sort like a "heave ho" effect one would see in a tug of war
2014-11-11 16:43:42 [Message] fib_1618 -> Chat: so if the engine isn't running on all cylinders
2014-11-11 16:43:52 [Message] fib_1618 -> Chat: then you're not likely to get to your destination
2014-11-11 16:43:57 [Message] fib_1618 -> Chat: and really
2014-11-11 16:44:02 [Message] fib_1618 -> Chat: no one can forecast this
2014-11-11 16:44:12 [Message] fib_1618 -> Chat: as this is always a "work in progress"
2014-11-11 16:44:36 [Message] fib_1618 -> Chat: the market itself is ALWAYS in a "bear market" by default
2014-11-11 16:45:06 [Message] fib_1618 -> Chat: and it takes just the right amount of fuel to break from this same default
2014-11-11 16:45:22 [Message] fib_1618 -> Chat: this is why we use the Space Shuttle analogy so persistently here in the chat
2014-11-11 16:45:47 [Message] fib_1618 -> Chat: as if there isn't enough "thrust" and "fuel" to break away from the "default of gravity"
2014-11-11 16:45:53 [Message] fib_1618 -> Chat: the Shuttle isn't going anywhere and will move lower
2014-11-11 16:46:03 [Message] rite01 -> Chat: Right
2014-11-11 16:46:20 [Message] fib_1618 -> Chat: finally moving to the TM breadth MCO
2014-11-11 16:46:34 [Message] fib_1618 -> Chat: and here we also moved slightly lower today
2014-11-11 16:46:47 [Message] fib_1618 -> Chat: in what looks to be a challenge of the mid October spike point in the MCO
2014-11-11 16:47:11 [Message] fib_1618 -> Chat: while with the TM breadth MCSUM
2014-11-11 16:47:25 [Message] fib_1618 -> Chat: not only are we still below the previous top
2014-11-11 16:47:36 [Message] fib_1618 -> Chat: but we haven't as yet moved above the important +250 level either
2014-11-11 16:48:01 [Message] fib_1618 -> Chat: so although we have transversed some 900 data points in this MCSUM
2014-11-11 16:48:53 [Message] fib_1618 -> Chat: the buyers still have more work to do before this engine can smooth out its choppiness in getting to where it's going
2014-11-11 16:48:56 [Message] fib_1618 -> Chat: so...
2014-11-11 16:49:17 [Message] fib_1618 -> Chat: it would appear that we are getting further indications that a pause to refresh is upon us
2014-11-11 16:49:19 [Message] fib_1618 -> Chat: but then again
2014-11-11 16:49:34 [Message] fib_1618 -> Chat: we've had other opportunities to see this over the last 2 weeks
2014-11-11 16:49:49 [Message] fib_1618 -> Chat: and the market has had so much fuel added that its momentum continues to push prices higher in spite of it
2014-11-11 16:50:25 [Message] fib_1618 -> Chat: with all of the breadth MCO's still above their mid October "throttle up" point in the pattern
2014-11-11 16:50:58 [Message] fib_1618 -> Chat: it will take a break of this area to allow prices to drift if not to see some sort of pause in the current trend
2014-11-11 16:51:06 [Message] fib_1618 -> Chat: so far then
2014-11-11 16:51:38 [Message] fib_1618 -> Chat: our expectation from last week of a possible 2 week break in the trend *seems* to be following this blueprint
2014-11-11 16:52:06 [Message] fib_1618 -> Chat: but we should have a better indication of any impending pause with the volume McClellan' let's take a look at them
2014-11-11 16:52:38 [Message] fib_1618 -> Chat: looking at the NYSE CO and Composite volume MCO
2014-11-11 16:53:06 [Message] fib_1618 -> Chat: and here we see that both are resisting in seeing any real selling currently
2014-11-11 16:53:43 [Message] fib_1618 -> Chat: which also supports the idea of prices likely to move net sideways on any continued pullback that might occur with breadth
2014-11-11 16:54:46 [Message] fib_1618 -> Chat: also of interest here is that the NYSE CO volume MCSUM settled today right at its declining tops line connecting the July and September peaks
2014-11-11 16:54:55 [Message] fib_1618 -> Chat: so one thing or another is about to take place near term
2014-11-11 16:55:29 [Message] fib_1618 -> Chat: either we get a new surge of fresh money come in to the market by Thursday which would help in supporting the mid October MCO lows
2014-11-11 16:55:48 [Message] fib_1618 -> Chat: or we'll see a decent shake out as soon as tomorrow
2014-11-11 16:56:29 [Message] fib_1618 -> Chat: 5 straight days of higher closes in the NYA would reasonably suggest a pause here
2014-11-11 16:56:32 [Message] fib_1618 -> Chat: but then again
2014-11-11 16:56:41 [Message] fib_1618 -> Chat: where else is money going to go?
2014-11-11 16:56:51 [Message] fib_1618 -> Chat: and that's been the big problem for the bears
2014-11-11 16:57:10 [Message] fib_1618 -> Chat: as equities continue to be the only asset class that is showing higher bids right now
2014-11-11 16:57:26 [Message] fib_1618 -> Chat: and as long as the demand outstrips the supply
2014-11-11 16:57:42 [Message] fib_1618 -> Chat: prices are naturally going to stay buoyant...if not advance
2014-11-11 16:58:21 [Message] fib_1618 -> Chat: looking at the NASDAQ volume MCO
2014-11-11 16:58:32 [Message] fib_1618 -> Chat: and here we see a real lack of conviction on the sell side over the last week
2014-11-11 16:58:53 [Message] fib_1618 -> Chat: usually when we see small, tight moves like we've been seeing in the MCO's
2014-11-11 16:59:28 [Message] fib_1618 -> Chat: this suggests that this counter move to the thrust is showing a real lack importance
2014-11-11 16:59:30 [Message] fib_1618 -> Chat: in this case
2014-11-11 17:00:15 [Message] fib_1618 -> Chat: it tells us that any selling coming in here is more of "profit taking" and reallocating funds than it is taking money out of market
2014-11-11 17:00:32 [Message] fib_1618 -> Chat: and that's important information to know
2014-11-11 17:00:43 [Message] fib_1618 -> Chat: for example
2014-11-11 17:00:59 [Message] fib_1618 -> Chat: if we look at the NASDAQ volume MCO of the last week
2014-11-11 17:01:19 [Message] fib_1618 -> Chat: and compare it to the downside structure that we saw in the month September
2014-11-11 17:01:34 [Message] fib_1618 -> Chat: we see that there is very little texture at all to the current pullback
2014-11-11 17:02:30 [Message] fib_1618 -> Chat: where the texture created in September showed us that money was CONSTANTLY moving out, with a purpose, that allowed us to work with the idea that a price top of importance was being created in the middle part of the month
2014-11-11 17:02:38 [Message] fib_1618 -> Chat: this time...there is no structure
2014-11-11 17:02:50 [Message] fib_1618 -> Chat: yes...we have a top beneath a top
2014-11-11 17:03:52 [Message] fib_1618 -> Chat: but the pattern seems to be moving slowing, methodically, to the downside without"pulse"
2014-11-11 17:04:10 [Message] rite01 -> Chat: Great stuff to know
2014-11-11 17:04:39 [Message] fib_1618 -> Chat: moving to the NDX volume MCO
2014-11-11 17:04:58 [Message] fib_1618 -> Chat: and here we see that we finally broke below the end October lows
2014-11-11 17:05:26 [Message] fib_1618 -> Chat: and this is not too surprising given that the NDX volume MCSUM is now approaching the +1250 level
2014-11-11 17:05:40 [Message] fib_1618 -> Chat: where the deeper we go in the MCSUM
2014-11-11 17:05:50 [Message] fib_1618 -> Chat: the harder it is to "breath"
2014-11-11 17:06:02 [Message] fib_1618 -> Chat: whether it's a mountain top
2014-11-11 17:06:13 [Message] fib_1618 -> Chat: or in the deeps of an ocean
2014-11-11 17:06:23 [Message] fib_1618 -> Chat: the more extreme you go
2014-11-11 17:07:06 [Message] fib_1618 -> Chat: the harder it is to maintain your...focus, direction(?)
2014-11-11 17:07:14 [Message] fib_1618 -> Chat: there's a better word...can't think of it
2014-11-11 17:07:18 [Message] fib_1618 -> Chat: it will come to me
2014-11-11 17:07:48 [Message] rite01 -> Chat: Breadth
2014-11-11 17:07:57 [Message] fib_1618 -> Chat: the SPX volume MCSUM broke above...that too!
2014-11-11 17:08:20 [Message] fib_1618 -> Chat: the SPX volume MCSUM broke above its declining tops line on Monday
2014-11-11 17:08:25 [Message] fib_1618 -> Chat: so, in essence
2014-11-11 17:08:30 [Message] fib_1618 -> Chat: the SPX is now in gear to the upside
2014-11-11 17:08:57 [Message] fib_1618 -> Chat: and that any pull back from this juncture should find solid price support at around the 2015 level
2014-11-11 17:09:18 [Message] fib_1618 -> Chat: wow...we're at 2040 already
2014-11-11 17:09:34 [Message] fib_1618 -> Chat: 200 points now from our longer term target
2014-11-11 17:09:46 [Message] fib_1618 -> Chat: now...if we can get higher MCSUM readings during this sequence
2014-11-11 17:10:01 [Message] fib_1618 -> Chat: boy...2015 would have a good 1st half
2014-11-11 17:10:28 [Message] fib_1618 -> Chat: moving to the OEX volume MCO
2014-11-11 17:10:56 [Message] fib_1618 -> Chat: and you can see how volume is not confirming the slight weakness we've been saw on the breadth side
2014-11-11 17:11:39 [Message] fib_1618 -> Chat: though we do have to be mindful that there is the potential, and not the certainty, of bearish divergence now with prices and this MCO
2014-11-11 17:11:51 [Message] fib_1618 -> Chat: but with our amplitude so acute
2014-11-11 17:12:13 [Message] fib_1618 -> Chat: it's going to take quite a bit of work by the sellers now to break the momentum of this current price sequence
2014-11-11 17:12:22 [Message] fib_1618 -> Chat: and if the buyers step in again at these levels
2014-11-11 17:12:42 [Message] fib_1618 -> Chat: that could push prices up the 2100 level on the SPX in a short period of time
2014-11-11 17:13:14 [Message] fib_1618 -> Chat: we see a simultaneous break out to the upside with the Dow volume MCSUM today
2014-11-11 17:13:19 [Message] fib_1618 -> Chat: matching its breadth cousin
2014-11-11 17:13:24 [Message] fib_1618 -> Chat: nice to know
2014-11-11 17:13:37 [Message] fib_1618 -> Chat: but we also have to remember that this is only a basket of 30 issues
2014-11-11 17:14:02 [Message] fib_1618 -> Chat: so it will important for the rest of the broader market to keep up the pace of the Dow
2014-11-11 17:14:18 [Message] fib_1618 -> Chat: or this would have poor ramifications later on
2014-11-11 17:14:55 [Message] fib_1618 -> Chat: the MID volume MCO looks identical to its breadth cousin here
2014-11-11 17:16:28 [Message] fib_1618 -> Chat: but the lack of the MID volume MCSUM in keeping up with the MID breadth MCSUM is a bit uncomfortable
2014-11-11 17:17:34 [Message] fib_1618 -> Chat: same thing with the SML volume MCSUM which is still lacking a whole lot of conviction when it comes to actual capital being put to work
2014-11-11 17:17:46 [Message] fib_1618 -> Chat:'s being spread out over the index
2014-11-11 17:17:54 [Message] fib_1618 -> Chat: but not a lot of money is behind this
2014-11-11 17:18:20 [Message] fib_1618 -> Chat: we'll have to watch this closely now on any pause that might come about because of this lack of "quality"
2014-11-11 17:19:11 [Message] fib_1618 -> Chat: however...the TM volume MCSUM continues to look pretty good here
2014-11-11 17:19:17 [Message] fib_1618 -> Chat: but like many of the volume MCSUM's
2014-11-11 17:19:30 [Message] fib_1618 -> Chat: it still remains below a line of declining tops at this time
2014-11-11 17:19:44 [Message] fib_1618 -> Chat: which is keeping prices from really accelerating here to the upside
2014-11-11 17:19:48 [Message] fib_1618 -> Chat: so....
2014-11-11 17:19:55 [Message] fib_1618 -> Chat: after looking at the volume side
2014-11-11 17:20:25 [Message] fib_1618 -> Chat: it would appear that it's only a matter of a day or so before we'll likely see some back and fill take place in the form of a price consolidation
2014-11-11 17:20:30 [Message] fib_1618 -> Chat: because of this
2014-11-11 17:20:44 [Message] fib_1618 -> Chat: anyone playing index call options should take their profits and stand aside
2014-11-11 17:21:15 [Message] fib_1618 -> Chat: as there is nothing here indicating it being worth to play the put side at this time
2014-11-11 17:22:01 [Message] fib_1618 -> Chat: we're also starting to see some weakness in the CVI's
2014-11-11 17:22:11 [Message] fib_1618 -> Chat: while the STVO's remain "overbought"
2014-11-11 17:22:20 [Message] fib_1618 -> Chat: and they're being joined by the VTO's
2014-11-11 17:22:28 [Message] fib_1618 -> Chat: which would also suggest that it's time for a rest
2014-11-11 17:22:44 [Message] fib_1618 -> Chat: NYSE TRIN at .96
2014-11-11 17:22:54 [Message] fib_1618 -> Chat: Open 10 at .95
2014-11-11 17:23:04 [Message] fib_1618 -> Chat: not much help there for either side
2014-11-11 17:23:21 [Message] fib_1618 -> Chat: NASDAQ TRIN at .81
2014-11-11 17:23:30 [Message] fib_1618 -> Chat: Open 10 at .92
2014-11-11 17:23:44 [Message] fib_1618 -> Chat: so pretty much neutral there as well
2014-11-11 17:23:55 [Message] fib_1618 -> Chat: TM TRIN at .89
2014-11-11 17:24:06 [Message] fib_1618 -> Chat: Open 10 at .94
2014-11-11 17:24:09 [Message] fib_1618 -> Chat: so...
2014-11-11 17:24:25 [Message] fib_1618 -> Chat: we're in a Goldilocks situation with the Open 10
2014-11-11 17:24:29 [Message] fib_1618 -> Chat: the market isn't too hot
2014-11-11 17:24:32 [Message] fib_1618 -> Chat: nor too cold
2014-11-11 17:24:50 [Message] fib_1618 -> Chat: more like taking one's foot off the accelerator pedal
2014-11-11 17:24:59 [Message] fib_1618 -> Chat: and allowing the vehicle to move forward
2014-11-11 17:25:08 [Message] fib_1618 -> Chat: with any pause here
2014-11-11 17:25:24 [Message] fib_1618 -> Chat: we should continue to look for any surprises to have an upside bias
2014-11-11 17:25:39 [Message] fib_1618 -> Chat: that pullbacks will continue to be shallow
2014-11-11 17:25:48 [Message] fib_1618 -> Chat: but they may last more than a trading day now
2014-11-11 17:26:14 [Message] fib_1618 -> Chat: so if you're day trading here
2014-11-11 17:26:26 [Message] fib_1618 -> Chat: we're now on a "hit and run" basis
2014-11-11 17:26:36 [Message] fib_1618 -> Chat: that any shorts would be day trades only
2014-11-11 17:27:02 [Message] fib_1618 -> Chat: and that any profits should be locked in quickly as they would tend to melt away within a short period of time
2014-11-11 17:27:07 [Message] fib_1618 -> Chat: let me check the BETS
2014-11-11 17:28:04 [Message] fib_1618 -> Chat: the NASDAQ breadth MCSUM is about to move up and through its Gap Resistance Zone on Wednesday
2014-11-11 17:28:14 [Message] fib_1618 -> Chat: so we could have a bit of upside action attached to that
2014-11-11 17:28:58 [Message] fib_1618 -> Chat: -5
2014-11-11 17:29:12 [Message] fib_1618 -> Chat: and "this close" to a +5
2014-11-11 17:29:22 [Message] fib_1618 -> Chat: we should see that on Wednesday
2014-11-11 17:29:30 [Message] fib_1618 -> Chat: but don't know if will hold for Thursday
2014-11-11 17:29:32 [Message] fib_1618 -> Chat: we'll see
2014-11-11 17:29:34 [Message] fib_1618 -> Chat: anything else?
2014-11-11 17:29:53 [Message] rite01 -> Chat: not here
2014-11-11 17:30:52 [Message] fib_1618 -> Chat: ready for this?
2014-11-11 17:31:00 [Message] rite01 -> Chat: Ready
2014-11-11 17:31:04 [Message] fib_1618 -> Chat: the Dow has closed higher 15 out of the last 18 trading days
2014-11-11 17:31:21 [Message] rite01 -> Chat: Wow very rare
2014-11-11 17:31:27 [Message] fib_1618 -> Chat: from the October 15th lows
2014-11-11 17:31:34 [Message] fib_1618 -> Chat: now THAT'S a thrust
2014-11-11 17:32:12 [Message] fib_1618 -> Chat: the SPX up 14 out of 18
2014-11-11 17:32:26 [Message] fib_1618 -> Chat: and it's gained 200 points
2014-11-11 17:32:29 [Message] fib_1618 -> Chat: my my
2014-11-11 17:33:36 [Message] rite01 -> Chat: About a 16% swing in about two months
2014-11-11 17:33:51 [Message] fib_1618 -> Chat: glad I had my seat belt on! [smile]
2014-11-11 17:34:05 [Message] fib_1618 -> Chat: and that doesn't even compare to the last two weeks in gold
2014-11-11 17:34:11 [Message] fib_1618 -> Chat: well...the gold stocks
2014-11-11 17:34:13 [Message] rite01 -> Chat: Yes we did thanks to you [smile]
2014-11-11 17:34:18 [Message] fib_1618 -> Chat: nah
2014-11-11 17:34:22 [Message] fib_1618 -> Chat: thanks to the market
2014-11-11 17:34:28 [Message] fib_1618 -> Chat: I am but a mere conduit
2014-11-11 17:34:32 [Message] fib_1618 -> Chat: [smile]
2014-11-11 17:34:37 [Message] fib_1618 -> Chat: OK...if there's nothing else
2014-11-11 17:34:40 [Message] fib_1618 -> Chat: I'm going to take off
2014-11-11 17:34:46 [Message] fib_1618 -> Chat: everyone have a great couple of days
2014-11-11 17:34:52 [Message] fib_1618 -> Chat: and we'll do this all again on Thursday
2014-11-11 17:34:53 [Message] fib_1618 -> Chat: good night
2014-11-11 17:35:10 [Message] rite01 -> Chat: Good night All!

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