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fib_1618

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Reply with quote  #1 
2014-11-18 16:00:05 [Message] fib_1618 -> Chat: good day
2014-11-18 16:00:08 [Message] fib_1618 -> Chat: how is everyone?
2014-11-18 16:00:43 [Message] rite01 -> Chat: Great and you and your business?
2014-11-18 16:01:17 [Message] fib_1618 -> Chat: doing OK
2014-11-18 16:01:29 [Message] fib_1618 -> Chat: and OK [smile]
2014-11-18 16:01:37 [Message] rite01 -> Chat: Glad to hear
2014-11-18 16:01:59 [Message] fib_1618 -> Chat: might also be getting some rain soon...we can really use it
2014-11-18 16:02:36 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2014-11-18 16:02:55 [Message] fib_1618 -> Chat: oh...before I forget
2014-11-18 16:03:30 [Message] fib_1618 -> Chat: everyone remember that next weeks chat schedule is Monday and Tuesday because of the Thanksgiving Day holiday
2014-11-18 16:03:57 [Message] rite01 -> Chat: Thanks for the reminder
2014-11-18 16:07:02 [Message] fib_1618 -> Chat: OK...looks like everyone who's coming is here
2014-11-18 16:07:09 [Message] fib_1618 -> Chat: so let's get SC up and get started
2014-11-18 16:07:41 [Message] fib_1618 -> Chat: after moving to near zero on Monday
2014-11-18 16:07:53 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO bounced higher today
2014-11-18 16:08:06 [Message] fib_1618 -> Chat: and this allowed the price action in the NYA to gap higher
2014-11-18 16:08:34 [Message] fib_1618 -> Chat: this bounce in the MCO
2014-11-18 16:09:01 [Message] fib_1618 -> Chat: also seems to be timed well as a whisper that we're going to break above horizontal resistance at the +400 level on the NYSE CO breadth MCSUM
2014-11-18 16:09:05 [Message] fib_1618 -> Chat: and with it
2014-11-18 16:09:19 [Message] fib_1618 -> Chat: a challenge of the +500 level would then be expected as late as next week
2014-11-18 16:09:38 [Message] fib_1618 -> Chat: overall...
2014-11-18 16:09:53 [Message] fib_1618 -> Chat: we're still looking for a challenge of the all time price highs in the NYA currently
2014-11-18 16:10:01 [Message] fib_1618 -> Chat: so nothing out of the norm so far
2014-11-18 16:10:43 [Message] fib_1618 -> Chat: we also got a small bounce from near the zero line today in the NYSE Composite breadth MCO
2014-11-18 16:11:05 [Message] fib_1618 -> Chat: as both the Composite and the Common only MCO's are fully in sync with each other at this time
2014-11-18 16:11:29 [Message] fib_1618 -> Chat: with the NYSE Composite breadth MCSUM leading all so slightly to the upside
2014-11-18 16:11:58 [Message] fib_1618 -> Chat: we also note that in both cases
2014-11-18 16:12:19 [Message] fib_1618 -> Chat: that today's bounce came as the 10% Trend met the slower 5% Trend on Monday
2014-11-18 16:12:50 [Message] fib_1618 -> Chat: so between the zero line test and this component configuration, the odds were high that a rally of sorts would take place as soon as today
2014-11-18 16:13:23 [Message] fib_1618 -> Chat: we also see that we had a zero line bounce today in the NASDAQ breadth MCO
2014-11-18 16:13:52 [Message] fib_1618 -> Chat: and this has pushed the NASDAQ breadth MCSUM to a higher high in its current sequence
2014-11-18 16:14:23 [Message] fib_1618 -> Chat: with our being some 120 data points from our next natural area of MCSUM resistance at the +250 level
2014-11-18 16:14:54 [Message] fib_1618 -> Chat: we'll continue to look for money to move into this market...with the only question being...at what velocity?
2014-11-18 16:15:31 [Message] fib_1618 -> Chat: notice also that the 10% Trend in the NASDAQ breadth MCO also bounced off its zero line today
2014-11-18 16:15:44 [Message] fib_1618 -> Chat: so it was a pretty easy "sell" to move long today
2014-11-18 16:15:59 [Message] fib_1618 -> Chat: looking at the price action
2014-11-18 16:16:09 [Message] fib_1618 -> Chat: and we note that we closed above the 4700 level today
2014-11-18 16:16:26 [Message] fib_1618 -> Chat: making it 6 days out of the last 7 where the NASDAQ has been up
2014-11-18 16:17:38 [Message] fib_1618 -> Chat: and leaving us about 350 points from this index' all time highs
2014-11-18 16:17:47 [Message] fib_1618 -> Chat: amazing as that sounds
2014-11-18 16:18:10 [Message] fib_1618 -> Chat: in fact
2014-11-18 16:18:29 [Message] fib_1618 -> Chat: if you bring up a longer term chart...oh, let's say 20 years...of the NASDAQ Composite
2014-11-18 16:18:37 [Message] fib_1618 -> Chat: you can see the beauty of its rising trend that began at the 2011 bottom
2014-11-18 16:19:02 [Message] thespookyone -> Chat: I swear, in 2001, I never thought I'd live to see it, LOL
2014-11-18 16:19:06 [Message] fib_1618 -> Chat: it's going to be hard to stop such a structure
2014-11-18 16:19:11 [Message] fib_1618 -> Chat: it is amazing
2014-11-18 16:19:20 [Message] fib_1618 -> Chat: we got to, what? 1150?
2014-11-18 16:19:27 [Message] thespookyone -> Chat: yep
2014-11-18 16:19:30 [Message] fib_1618 -> Chat: actual 1114
2014-11-18 16:19:44 [Message] fib_1618 -> Chat: but it wasn't without an intermission
2014-11-18 16:19:58 [Message] fib_1618 -> Chat: and there we moved to 1268
2014-11-18 16:20:15 [Message] fib_1618 -> Chat: nice looking double bottom in retrospect
2014-11-18 16:20:29 [Message] fib_1618 -> Chat: anyway
2014-11-18 16:20:43 [Message] thespookyone -> Chat: You should have told me at 1268 [smile]
2014-11-18 16:20:45 [Message] fib_1618 -> Chat: today's angle of ascent is much more stable than the one we saw in 1999
2014-11-18 16:20:55 [Message] fib_1618 -> Chat: well...the MCSUM didn't know
2014-11-18 16:20:57 [Message] fib_1618 -> Chat: [smile]
2014-11-18 16:21:05 [Message] thespookyone -> Chat: nope
2014-11-18 16:21:31 [Message] fib_1618 -> Chat: we knew we had a bottom when the Untied States as it was being questioned as to whether or not it would continue to exist
2014-11-18 16:21:39 [Message] fib_1618 -> Chat: very much like we heard back in 1932
2014-11-18 16:21:52 [Message] fib_1618 -> Chat: sentiment is such a wonderful tool
2014-11-18 16:22:00 [Message] fib_1618 -> Chat: especially at longer term junctures
2014-11-18 16:22:37 [Message] fib_1618 -> Chat: and until everyone, including Aunt Minnie and Uncle Charley, are buying stocks and they tell their friends that they can nowhere but up
2014-11-18 16:22:45 [Message] fib_1618 -> Chat: we're just going to continue to move higher
2014-11-18 16:23:15 [Message] fib_1618 -> Chat: and continue to build plateau after plateau with every negative piece of news out there
2014-11-18 16:23:29 [Message] fib_1618 -> Chat: the time to worry is when there is no war
2014-11-18 16:24:02 [Message] fib_1618 -> Chat: that the UN is no longer needed
2014-11-18 16:24:17 [Message] fib_1618 -> Chat: remember the League of Nations?
2014-11-18 16:24:29 [Message] fib_1618 -> Chat: how it pretty much lost its appeal in the early 1930's?
2014-11-18 16:24:51 [Message] fib_1618 -> Chat: so it would appear by these standards that we have a very long way to go
2014-11-18 16:25:08 [Message] fib_1618 -> Chat: unless it's different this time [wink]
2014-11-18 16:25:27 [Message] fib_1618 -> Chat: new recovery closing highs today in the NDX
2014-11-18 16:25:51 [Message] fib_1618 -> Chat: and it's now some 450 points from its all time closing highs
2014-11-18 16:26:15 [Message] fib_1618 -> Chat: look for the NDX to show a better rate of change compared to the Composite as we near the 2000 highs
2014-11-18 16:26:44 [Message] fib_1618 -> Chat: the NDX breadth MCSUM is also challenging its horizontal high point for the last year
2014-11-18 16:27:00 [Message] fib_1618 -> Chat: so unless the sellers really begin to show some muscle here
2014-11-18 16:27:11 [Message] fib_1618 -> Chat: we're likely to break above these levels
2014-11-18 16:27:13 [Message] fib_1618 -> Chat: and with it
2014-11-18 16:27:31 [Message] fib_1618 -> Chat: strong confirmation that prices will also move to new all time highs in this sequence
2014-11-18 16:28:08 [Message] fib_1618 -> Chat: new all time high close in the SPX
2014-11-18 16:28:23 [Message] fib_1618 -> Chat: and it's now 200 points from meeting its longer term upside price objective of 2250
2014-11-18 16:28:51 [Message] fib_1618 -> Chat: and if there was any kind of worry about whether or not the rally in the SPX is for real
2014-11-18 16:29:09 [Message] fib_1618 -> Chat: last weeks tight range of closes showing underlying support was strong
2014-11-18 16:29:14 [Message] fib_1618 -> Chat: and then the follow through to new highs today
2014-11-18 16:29:33 [Message] fib_1618 -> Chat: is just as much as a highly bullish event as you're going to see in this business
2014-11-18 16:30:00 [Message] fib_1618 -> Chat: and more impressive than that
2014-11-18 16:30:11 [Message] fib_1618 -> Chat: is that it only took a week of consolidation before the resumption
2014-11-18 16:30:14 [Message] fib_1618 -> Chat: notice too
2014-11-18 16:30:28 [Message] fib_1618 -> Chat: the lack of downside texture in the SPX breadth MCO
2014-11-18 16:30:50 [Message] fib_1618 -> Chat: and as we know very well
2014-11-18 16:30:58 [Message] fib_1618 -> Chat: when the breadth MCSUM gets this high
2014-11-18 16:31:23 [Message] fib_1618 -> Chat: all it takes is a small amount of buying pressure to get prices to move sharply when "stimulated"
2014-11-18 16:31:28 [Message] fib_1618 -> Chat: again remember
2014-11-18 16:31:39 [Message] fib_1618 -> Chat: the higher or lower the MCSUM travels
2014-11-18 16:31:58 [Message] fib_1618 -> Chat: the higher or lower the average stock that's traded is likely to move in a given day
2014-11-18 16:32:14 [Message] fib_1618 -> Chat: with the SPX breadth MCSUM now just above the +1000 level
2014-11-18 16:32:34 [Message] fib_1618 -> Chat: the average stock on the SPX will move in point size chunks
2014-11-18 16:32:43 [Message] fib_1618 -> Chat: as opposed to fractions of a point
2014-11-18 16:33:06 [Message] fib_1618 -> Chat: this is why it doesn't take much now for the SPX to build on its advance
2014-11-18 16:33:25 [Message] fib_1618 -> Chat: and is stingy when it comes to any selling pressure that might pop up
2014-11-18 16:33:27 [Message] fib_1618 -> Chat: like last week
2014-11-18 16:33:36 [Message] fib_1618 -> Chat: and today's follow through to the upside
2014-11-18 16:34:04 [Message] fib_1618 -> Chat: yes...there is a technical reason why and when prices will show greater and lesser amplitude
2014-11-18 16:34:21 [Message] fib_1618 -> Chat: and it all has to to with the amount of liquidity there is at any given time
2014-11-18 16:34:38 [Message] fib_1618 -> Chat: and this is where the MCO and MCSUM help us in knowing this information
2014-11-18 16:34:55 [Message] fib_1618 -> Chat: one measures the velocity in which this same liquidity is moving
2014-11-18 16:35:30 [Message] fib_1618 -> Chat: while the MCSUM shows us not only the direction, but also the amplitude that is created by this same velocity
2014-11-18 16:35:55 [Message] fib_1618 -> Chat: new all time price highs today in the OEX
2014-11-18 16:36:07 [Message] fib_1618 -> Chat: as it continues to lead the SPX to the upside on an internal basis
2014-11-18 16:36:36 [Message] fib_1618 -> Chat: the Dow also closed at new all time highs today
2014-11-18 16:36:43 [Message] fib_1618 -> Chat: question for anyone
2014-11-18 16:37:05 [Message] fib_1618 -> Chat: is anyone hearing any excitement by the media when we get these all time highs?
2014-11-18 16:37:16 [Message] fib_1618 -> Chat: I'm not hearing a peep
2014-11-18 16:37:37 [Message] fib_1618 -> Chat: it's like they are reporting what the Dow did
2014-11-18 16:37:44 [Message] fib_1618 -> Chat: but nothing about all time highs
2014-11-18 16:37:48 [Message] fib_1618 -> Chat: maybe it's me
2014-11-18 16:38:08 [Message] fib_1618 -> Chat: small point change on the Dow breadth MCO
2014-11-18 16:38:29 [Message] fib_1618 -> Chat: as the Dow breadth MCSUM has now cleared the +1400 level
2014-11-18 16:38:36 [Message] fib_1618 -> Chat: need to see a longer term chart...one moment
2014-11-18 16:39:15 [Message] rite01 -> Chat: I have not heard a thing but then again since joining these chats I don't watch them all that much anymore
2014-11-18 16:39:28 [Message] fib_1618 -> Chat: the highest point we saw in the Dow breadth MCSUM in the last 10 years took place in spring of 2013
2014-11-18 16:39:38 [Message] fib_1618 -> Chat: OK..fair enough
2014-11-18 16:39:41 [Message] fib_1618 -> Chat: on my end
2014-11-18 16:39:52 [Message] fib_1618 -> Chat: I don't listen to top of the hour news on radio anymore either
2014-11-18 16:40:15 [Message] fib_1618 -> Chat: but the feel I'm getting is that the public is being sheltered here
2014-11-18 16:40:31 [Message] fib_1618 -> Chat: or maybe they're being lethargic
2014-11-18 16:41:16 [Message] fib_1618 -> Chat: we also saw a bounce today in the MID price index
2014-11-18 16:41:21 [Message] fib_1618 -> Chat: but we did NOT move to new price highs
2014-11-18 16:41:38 [Message] fib_1618 -> Chat: and today's bar is not indicative that this index wants to move higher from here
2014-11-18 16:42:11 [Message] fib_1618 -> Chat: maybe it's a false start like we saw last week in the SPX
2014-11-18 16:42:40 [Message] fib_1618 -> Chat: but the rally today did take place as a bounce off the MID breadth MCO zero line
2014-11-18 16:42:53 [Message] fib_1618 -> Chat: we can see that the market, in total, remains totally in sync
2014-11-18 16:43:13 [Message] fib_1618 -> Chat: and this is part and parcel of a trend in force
2014-11-18 16:43:28 [Message] fib_1618 -> Chat: and after I say this
2014-11-18 16:43:32 [Message] fib_1618 -> Chat: we move to the SML breadth MCO
2014-11-18 16:43:45 [Message] fib_1618 -> Chat: and it actually moved down and through its zero line since Thursday
2014-11-18 16:43:54 [Message] fib_1618 -> Chat: and attempted to snapback to this same zero line today without much in the way of success
2014-11-18 16:44:05 [Message] fib_1618 -> Chat: not surprising then
2014-11-18 16:44:27 [Message] fib_1618 -> Chat: is that the price action is not showing any kind of buoyancy here
2014-11-18 16:44:52 [Message] fib_1618 -> Chat: but the pattern did hold above the end October gap
2014-11-18 16:45:14 [Message] fib_1618 -> Chat: and that suggests that there is strong underlying support here
2014-11-18 16:45:46 [Message] fib_1618 -> Chat: anyway...with the SML components still above their zero line
2014-11-18 16:45:56 [Message] fib_1618 -> Chat: this would suggest corrective activity for now
2014-11-18 16:46:02 [Message] fib_1618 -> Chat: and we'll go with that
2014-11-18 16:46:34 [Message] fib_1618 -> Chat: and new all time price close in the Wilshire 5000 today
2014-11-18 16:46:49 [Message] fib_1618 -> Chat: as the TM breadth MCSUM bounced off its zero line
2014-11-18 16:47:33 [Message] fib_1618 -> Chat: we'll also note that today's bounce in the MCO was able to allow the TM breadth MCSUM to move above the +250 level
2014-11-18 16:48:02 [Message] fib_1618 -> Chat: so any follow through there on Wednesday would give an all clear to see this MCSUM to move toward the +500 level
2014-11-18 16:48:05 [Message] fib_1618 -> Chat: so...
2014-11-18 16:48:16 [Message] fib_1618 -> Chat: it was a good technical day for the market
2014-11-18 16:48:36 [Message] fib_1618 -> Chat: as prices generally moved to higher highs
2014-11-18 16:49:12 [Message] fib_1618 -> Chat: with many of the breadth MCO's providing the technical bounce off their zero lines in this effort
2014-11-18 16:49:24 [Message] fib_1618 -> Chat: good follow through then on Wednesday across the board
2014-11-18 16:49:46 [Message] fib_1618 -> Chat: would then extend the advance over the next week
2014-11-18 16:50:14 [Message] fib_1618 -> Chat: though it may not come with a lot of bells and whistles as we approach this month's OPEX due on Friday
2014-11-18 16:50:27 [Message] fib_1618 -> Chat: let's see how the volume side is doing
2014-11-18 16:51:11 [Message] fib_1618 -> Chat: both the NYSE CO and Composite volume MCO's are leading their breadth counter parts to the upside currently
2014-11-18 16:51:43 [Message] fib_1618 -> Chat: and this leadership is actually why prices could break higher today out of last weeks consolidation
2014-11-18 16:52:16 [Message] fib_1618 -> Chat: taking ruler to monitor here
2014-11-18 16:53:04 [Message] fib_1618 -> Chat: and we see that today's settlement in both the CO and Composite volume MCO's came up to their short term declining tops line from the late October peak
2014-11-18 16:53:30 [Message] fib_1618 -> Chat: any break above this line near term should allow prices to move even more sharply to the upside
2014-11-18 16:54:37 [Message] fib_1618 -> Chat: very much like we saw with the break to the upside of the August declining tops
2014-11-18 16:55:24 [Message] fib_1618 -> Chat: we also see that the NASDAQ volume MCO is leading its breadth cousin to the upside as well
2014-11-18 16:55:37 [Message] fib_1618 -> Chat: not by a lot
2014-11-18 16:55:47 [Message] fib_1618 -> Chat: but enough to drive prices in this same direction
2014-11-18 16:56:01 [Message] fib_1618 -> Chat: while keeping prices from sagging and deteriorating
2014-11-18 16:56:30 [Message] fib_1618 -> Chat: putting ruler to monitor again
2014-11-18 16:56:50 [Message] fib_1618 -> Chat: and both the NASDAQ and NDX volume MCO's are also seeing a test of their declining tops lines as well
2014-11-18 16:57:03 [Message] fib_1618 -> Chat: boy..this market is really in sync here
2014-11-18 16:57:18 [Message] fib_1618 -> Chat: this makes it almost impossible for the sellers to grab any kind of control
2014-11-18 16:58:09 [Message] fib_1618 -> Chat: running through the SPX, OEX and Dow volume MCO's
2014-11-18 16:58:32 [Message] fib_1618 -> Chat: and we're seeing the same kind of strength and synchronicity between the indices
2014-11-18 16:59:02 [Message] fib_1618 -> Chat: even the Dow volume MCSUM is just behind the Dow breadth MCSUM right now in and around the +1400 level
2014-11-18 16:59:16 [Message] fib_1618 -> Chat: this is tremendous strength that we're witnessing
2014-11-18 16:59:22 [Message] fib_1618 -> Chat: and if it continues to build here
2014-11-18 16:59:37 [Message] fib_1618 -> Chat: as we have talked about for about 2 weeks now
2014-11-18 16:59:45 [Message] fib_1618 -> Chat: not only is December going to be a good month
2014-11-18 16:59:58 [Message] fib_1618 -> Chat: but much of this is going to spill over into the beginning of next year
2014-11-18 17:00:12 [Message] fib_1618 -> Chat: lots of potential here
2014-11-18 17:00:22 [Message] fib_1618 -> Chat: and the more fuel that's provided
2014-11-18 17:00:29 [Message] fib_1618 -> Chat: the longer and stronger the trend will remain
2014-11-18 17:00:51 [Message] fib_1618 -> Chat: OK...here's our problem with the MID
2014-11-18 17:01:17 [Message] fib_1618 -> Chat: note that the MID volume MCSUM is nowhere near the area where the MID breadth MCSUM is working right now
2014-11-18 17:01:36 [Message] fib_1618 -> Chat: so there's little in the way of "drive" in the index
2014-11-18 17:01:48 [Message] fib_1618 -> Chat: the strength is there
2014-11-18 17:02:01 [Message] fib_1618 -> Chat: but the conviction to make things move isn't
2014-11-18 17:02:16 [Message] fib_1618 -> Chat: conviction, in this case, is money being put to work
2014-11-18 17:02:28 [Message] fib_1618 -> Chat: and the same problem with the SML
2014-11-18 17:02:41 [Message] fib_1618 -> Chat: as the SML volume MCSUM is having its challenge now of the +250 level
2014-11-18 17:03:23 [Message] fib_1618 -> Chat: we're not going to get anywhere if there's isn't any larger money moving in
2014-11-18 17:03:44 [Message] fib_1618 -> Chat: but aside from the MID and the SML
2014-11-18 17:04:01 [Message] fib_1618 -> Chat: the broader TM volume MCSUM is still moving along nicely to the upside
2014-11-18 17:05:20 [Message] fib_1618 -> Chat: though the buyers really need to show some muscle near term as the congested posts on the MCSUM of the last week is not all indicative of opinions being all out bullish toward stocks...
2014-11-18 17:05:27 [Message] fib_1618 -> Chat: it's almost like they don't have a choice
2014-11-18 17:06:01 [Message] fib_1618 -> Chat: sort of like using Listerine...you don't like the taste of it, but it gives you clean breath [wink]
2014-11-18 17:06:16 [Message] fib_1618 -> Chat: so...
2014-11-18 17:06:28 [Message] fib_1618 -> Chat: money continues to move into equities
2014-11-18 17:06:48 [Message] fib_1618 -> Chat: but there doesn't seem to be a whole lot of excitement behind it right now
2014-11-18 17:06:59 [Message] fib_1618 -> Chat: where we saw this excitement back in mid October
2014-11-18 17:07:12 [Message] fib_1618 -> Chat: when the market was selling at wholesale prices
2014-11-18 17:07:21 [Message] fib_1618 -> Chat: now that it's fairly valued
2014-11-18 17:07:29 [Message] fib_1618 -> Chat: and we continue to look around for support
2014-11-18 17:07:39 [Message] fib_1618 -> Chat: today...we got that
2014-11-18 17:07:47 [Message] fib_1618 -> Chat: and if momentum begins to build
2014-11-18 17:07:59 [Message] fib_1618 -> Chat: there's really no telling how high, high is
2014-11-18 17:08:40 [Message] fib_1618 -> Chat: we see that all of the CVI's bounced off their zero lines today
2014-11-18 17:08:54 [Message] fib_1618 -> Chat: the STVO's are getting close to neutral now
2014-11-18 17:09:08 [Message] fib_1618 -> Chat: while the VTO's are pretty much "overbought"
2014-11-18 17:09:20 [Message] fib_1618 -> Chat: but you know how these things work...
2014-11-18 17:09:42 [Message] fib_1618 -> Chat: as any oscillator can stay in extremes longer than your trading account can remain solvent
2014-11-18 17:10:02 [Message] fib_1618 -> Chat: so better to go with the path of least resistance
2014-11-18 17:10:09 [Message] fib_1618 -> Chat: which has been higher for about a month now
2014-11-18 17:10:27 [Message] fib_1618 -> Chat: NYSE TRIN at .78
2014-11-18 17:10:40 [Message] fib_1618 -> Chat: Open 10 at .91
2014-11-18 17:10:44 [Message] fib_1618 -> Chat: neutral
2014-11-18 17:10:52 [Message] fib_1618 -> Chat: with one side is about to take control near term
2014-11-18 17:11:10 [Message] fib_1618 -> Chat: NASDAQ TRIN at .75
2014-11-18 17:11:23 [Message] fib_1618 -> Chat: Open 10 at .84
2014-11-18 17:11:52 [Message] fib_1618 -> Chat: frothy...but well within the window of one would see in a rising trend
2014-11-18 17:12:04 [Message] fib_1618 -> Chat: TM TRIN at .76
2014-11-18 17:12:17 [Message] fib_1618 -> Chat: Open 10 at .88
2014-11-18 17:12:21 [Message] fib_1618 -> Chat: so....
2014-11-18 17:12:37 [Message] fib_1618 -> Chat: as we have been chatting about for the better part of the last two weeks
2014-11-18 17:12:47 [Message] fib_1618 -> Chat: the market seems to be "correcting on the fly"
2014-11-18 17:13:39 [Message] fib_1618 -> Chat: and, so far, any high level consolidation has kept prices from seeing any kind of bid withdrawal
2014-11-18 17:13:58 [Message] fib_1618 -> Chat: with the majority of the MCSUM's now above the +500 level
2014-11-18 17:14:21 [Message] fib_1618 -> Chat: it would seem that the broader market, being led by the large cap issues, is "willing" the rest of the market higher
2014-11-18 17:14:42 [Message] fib_1618 -> Chat: one thing helping things is the price of crude
2014-11-18 17:15:00 [Message] fib_1618 -> Chat: which should be a positive for shipping this year
2014-11-18 17:15:13 [Message] fib_1618 -> Chat: though if you're a UPS or FED Ex user
2014-11-18 17:15:25 [Message] fib_1618 -> Chat: you're not going to see it in your costs
2014-11-18 17:15:29 [Message] fib_1618 -> Chat: in fact
2014-11-18 17:15:45 [Message] fib_1618 -> Chat: the plan is to raise freight another 5% come January
2014-11-18 17:15:58 [Message] fib_1618 -> Chat: and STILL keep the "fuel surcharges" intact
2014-11-18 17:16:03 [Message] fib_1618 -> Chat: sometimes
2014-11-18 17:16:13 [Message] fib_1618 -> Chat: it's better if you can't beat it, you join it
2014-11-18 17:16:42 [Message] fib_1618 -> Chat: so maybe keeping an eye on FED Ex and UPS might be something to work with during this holiday gift season
2014-11-18 17:17:00 [Message] fib_1618 -> Chat: notice also that the retail stocks are climbing on the back of this lessening of fuel costs
2014-11-18 17:17:12 [Message] fib_1618 -> Chat: probably on the thought that there will be extra cash to spend this year on retail away from gas
2014-11-18 17:17:20 [Message] fib_1618 -> Chat: in any event
2014-11-18 17:17:32 [Message] fib_1618 -> Chat: it should be an interesting Black Friday next week
2014-11-18 17:17:33 [Message] fib_1618 -> Chat: although
2014-11-18 17:18:00 [Message] fib_1618 -> Chat: I'm sure everyone reading this has been seeing these "Black Friday Preview" e-mails and ads of late
2014-11-18 17:18:17 [Message] fib_1618 -> Chat: so we might not see great numbers come the 28th and 29th
2014-11-18 17:18:26 [Message] fib_1618 -> Chat: as it might be spread over a two week period
2014-11-18 17:18:30 [Message] fib_1618 -> Chat: we'll see how it goes
2014-11-18 17:18:33 [Message] fib_1618 -> Chat: anything else?
2014-11-18 17:19:19 [Message] fib_1618 -> Chat: looking at the gold chart
2014-11-18 17:19:25 [Message] fib_1618 -> Chat: and if this is a bear market rally
2014-11-18 17:19:30 [Message] fib_1618 -> Chat: today should had been the top of the snapback
2014-11-18 17:19:39 [Message] fib_1618 -> Chat: notice that we had an up day on lower volume
2014-11-18 17:19:49 [Message] fib_1618 -> Chat: but on the positive side
2014-11-18 17:20:08 [Message] fib_1618 -> Chat: we did find good technical action around the 20 day EMA in the last couple of days
2014-11-18 17:20:20 [Message] fib_1618 -> Chat: but until the PM stocks start to lead here to the upside
2014-11-18 17:20:39 [Message] fib_1618 -> Chat: it's probably better to remain defensive here and not get caught up in the hoopla
2014-11-18 17:20:48 [Message] fib_1618 -> Chat: after all
2014-11-18 17:20:50 [Message] rite01 -> Chat:  PM has been showing strength of late
2014-11-18 17:21:07 [Message] fib_1618 -> Chat: the bold bugs have had a good reason to let off a little steam here
2014-11-18 17:21:13 [Message] fib_1618 -> Chat: not really
2014-11-18 17:21:18 [Message] fib_1618 -> Chat: although
2014-11-18 17:21:23 [Message] fib_1618 -> Chat: with Friday's reversal
2014-11-18 17:21:40 [Message] fib_1618 -> Chat: the Precious Metals breadth MCSUM did break above its declining tops line
2014-11-18 17:21:43 [Message] fib_1618 -> Chat: and remember
2014-11-18 17:22:08 [Message] fib_1618 -> Chat: the expectation still continues to be that we should have our next tradable low window for the metals in early December
2014-11-18 17:22:12 [Message] fib_1618 -> Chat: could it be early?
2014-11-18 17:22:14 [Message] fib_1618 -> Chat: sure
2014-11-18 17:22:28 [Message] fib_1618 -> Chat: did gold find good support at its .618 retracement level and then bounced higher
2014-11-18 17:22:32 [Message] fib_1618 -> Chat: absolutely
2014-11-18 17:22:52 [Message] fib_1618 -> Chat: it's really a matter now of "show me"
2014-11-18 17:22:54 [Message] fib_1618 -> Chat: and so far
2014-11-18 17:22:59 [Message] fib_1618 -> Chat: there hasn't been enough to show
2014-11-18 17:23:22 [Message] fib_1618 -> Chat: that WAS quite a reversal though on Friday though
2014-11-18 17:23:37 [Message] fib_1618 -> Chat: with gold down $10 and then sharply reversing in the morning and closing up $20
2014-11-18 17:24:00 [Message] fib_1618 -> Chat: key reversal?
2014-11-18 17:24:03 [Message] fib_1618 -> Chat: maybe
2014-11-18 17:24:07 [Message] rite01 -> Chat: I'm waiting for the short signal
2014-11-18 17:24:32 [Message] fib_1618 -> Chat: technically though
2014-11-18 17:24:41 [Message] fib_1618 -> Chat: any key reversal happened on the 7th
2014-11-18 17:25:13 [Message] fib_1618 -> Chat: that was a day where I got headfaked out of my pants and my position
2014-11-18 17:25:54 [Message] fib_1618 -> Chat: maybe it was more important than what we're being given to work with
2014-11-18 17:26:03 [Message] fib_1618 -> Chat: so let's be a little more patient there
2014-11-18 17:26:15 [Message] rite01 -> Chat: Will do
2014-11-18 17:26:21 [Message] fib_1618 -> Chat: anything else?
2014-11-18 17:26:50 [Message] rite01 -> Chat: No Good night all!
2014-11-18 17:27:00 [Message] fib_1618 -> Chat: let me quickly check the BETS
2014-11-18 17:27:03 [Message] fib_1618 -> Chat: and the 10 year
2014-11-18 17:27:10 [Message] fib_1618 -> Chat: and we'll call it a night
2014-11-18 17:27:13 [Message] rite01 -> Chat: Oh yea the BETS
2014-11-18 17:27:14 [Message] fib_1618 -> Chat: one sec
2014-11-18 17:27:30 [Message] fib_1618 -> Chat: ah oh
2014-11-18 17:27:38 [Message] fib_1618 -> Chat: rounding top on the 10 year yield
2014-11-18 17:28:00 [Message] fib_1618 -> Chat: maybe that's what's driving gold of late
2014-11-18 17:28:10 [Message] fib_1618 -> Chat: where lower rates would probably mean a lower dollar
2014-11-18 17:28:14 [Message] fib_1618 -> Chat: and gold moving higher
2014-11-18 17:28:19 [Message] fib_1618 -> Chat: just a thought
2014-11-18 17:29:28 [Message] fib_1618 -> Chat: NASDAQ breadth MCSUM is now right up against its declining tops line
2014-11-18 17:29:50 [Message] fib_1618 -> Chat: NAUD at all time highs
2014-11-18 17:29:55 [Message] fib_1618 -> Chat: ride the Q's folks
2014-11-18 17:30:30 [Message] fib_1618 -> Chat: +15
2014-11-18 17:30:35 [Message] fib_1618 -> Chat: and climbing
2014-11-18 17:30:46 [Message] rite01 -> Chat: Good
2014-11-18 17:30:52 [Message] fib_1618 -> Chat: up from a -5 on Saturday
2014-11-18 17:30:56 [Message] fib_1618 -> Chat: or was it a -10?
2014-11-18 17:30:58 [Message] fib_1618 -> Chat: let me check
2014-11-18 17:31:15 [Message] fib_1618 -> Chat: -5
2014-11-18 17:31:27 [Message] fib_1618 -> Chat: and we are very close to an accumulation signal now
2014-11-18 17:31:45 [Message] fib_1618 -> Chat: as we have 2 cum charts about to move back into bullish configurations
2014-11-18 17:31:58 [Message] fib_1618 -> Chat: and 2 cum charts moving off their bearish configurations
2014-11-18 17:32:02 [Message] fib_1618 -> Chat: stay tuned
2014-11-18 17:32:07 [Message] fib_1618 -> Chat: OK...if there's nothing else
2014-11-18 17:32:10 [Message] fib_1618 -> Chat: I'm going to take off
2014-11-18 17:32:18 [Message] fib_1618 -> Chat: everyone have a great couple of days
2014-11-18 17:32:26 [Message] fib_1618 -> Chat: and we'll do this all again on Thursday
2014-11-18 17:32:27 [Message] fib_1618 -> Chat: good night
2014-11-18 17:32:39 [Message] hawk5734 -> Chat: good night all
2014-11-18 17:33:01 [Message] rite01 -> Chat: Good night

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