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fib_1618

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Reply with quote  #1 
2013-11-25 16:00:16 [Message] fib_1618 -> Chat: good day
2013-11-25 16:00:19 [Message] fib_1618 -> Chat: how is everyone?
2013-11-25 16:03:34 [Message] fib_1618 -> Chat: OK - any questions or comments before we get started??
2013-11-25 16:04:34 [Message] thespookyone -> Chat: could we be building a flat of sorts here?
2013-11-25 16:06:05 [Message] fib_1618 -> Chat: maybe
2013-11-25 16:06:26 [Message] fib_1618 -> Chat: I haven't really looked at the McClellan array since I left
2013-11-25 16:06:38 [Message] fib_1618 -> Chat: but I will address it as we move along
2013-11-25 16:06:48 [Message] thespookyone -> Chat: GOOD. Nice vacation?
2013-11-25 16:07:01 [Message] fib_1618 -> Chat: yes...too short (or course)
2013-11-25 16:07:13 [Message] thespookyone -> Chat: oh yea
2013-11-25 16:07:20 [Message] fib_1618 -> Chat: it was just good to get away...take a break
2013-11-25 16:07:41 [Message] fib_1618 -> Chat: OK...let me get DP up and we'll get crackin'
2013-11-25 16:07:42 [Message] thespookyone -> Chat: it sure is-and I always trade better when I get back
2013-11-25 16:08:49 [Message] fib_1618 -> Chat: after taking out the reaction lows last week
2013-11-25 16:09:01 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO moved back above the zero line on Friday
2013-11-25 16:09:14 [Message] fib_1618 -> Chat: and snapped back to this same line today
2013-11-25 16:09:40 [Message] fib_1618 -> Chat: showing that there is balance right now between buyers and sellers on a short term trending basis
2013-11-25 16:09:56 [Message] fib_1618 -> Chat: and when we see this happen
2013-11-25 16:10:10 [Message] fib_1618 -> Chat: we also know that one side can now take control of this same time period
2013-11-25 16:10:34 [Message] fib_1618 -> Chat: looking at the CO components
2013-11-25 16:10:39 [Message] fib_1618 -> Chat: and they remain above their zero line
2013-11-25 16:10:55 [Message] fib_1618 -> Chat: so we know that any further price pullback from here will be that of a corrective sequence
2013-11-25 16:11:16 [Message] fib_1618 -> Chat: looking at the CO NYSE breadth MCSUM
2013-11-25 16:11:48 [Message] fib_1618 -> Chat: and we see that last weeks break of the reaction lows in the MCO were able to push the MCSUM to lower lows as well
2013-11-25 16:12:03 [Message] fib_1618 -> Chat: as we currently play tag with the +500 level
2013-11-25 16:12:24 [Message] fib_1618 -> Chat: overall...the last week or so is showing that neither side is really taking control here
2013-11-25 16:13:10 [Message] fib_1618 -> Chat: and why prices moved partially below and then above the price levels we saw prior to our one week break
2013-11-25 16:13:29 [Message] fib_1618 -> Chat: going back to the MCO
2013-11-25 16:13:46 [Message] fib_1618 -> Chat: and we see the outline of a symmetrical triangle as well
2013-11-25 16:14:20 [Message] fib_1618 -> Chat: this would then suggest that players on both sides are a bit "dazed and confused" as to which direction is the best one near term
2013-11-25 16:14:21 [Message] fib_1618 -> Chat: [smile]
2013-11-25 16:14:44 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2013-11-25 16:15:00 [Message] fib_1618 -> Chat: and we see that it also moved lower last week
2013-11-25 16:15:09 [Message] fib_1618 -> Chat: but it didn't take out the comparable reaction lows
2013-11-25 16:15:41 [Message] fib_1618 -> Chat: this would then indicate that selling is drying up a bit as it would apply to the interest rate sensitive issues that trade on the NYSE
2013-11-25 16:16:00 [Message] fib_1618 -> Chat: something of which we saw this past weekend with the Weekly Breadth Data chart array
2013-11-25 16:16:28 [Message] fib_1618 -> Chat: which showed all of the NYSE continuing to be supported by rising trendlines except the NYSE Bond CEF A/D line
2013-11-25 16:17:13 [Message] fib_1618 -> Chat: the position of the components also suggest corrective activity overall
2013-11-25 16:17:55 [Message] fib_1618 -> Chat: which would mean that both sides are showing a lack of real interest in equities near term
2013-11-25 16:18:33 [Message] fib_1618 -> Chat: but with the NYSE breadth MCO showing a longer series of bottoms above bottoms than tops beneath tops
2013-11-25 16:18:52 [Message] fib_1618 -> Chat: this would continue to indicate that any near term surprises remain with the buyers
2013-11-25 16:19:18 [Message] fib_1618 -> Chat: the NASDAQ breadth MCO also took out its previous reaction lows last week
2013-11-25 16:19:33 [Message] fib_1618 -> Chat: but has balanced this out with a stronger move to the upside at the end of the week
2013-11-25 16:19:51 [Message] fib_1618 -> Chat: and today we are treated with a small point change
2013-11-25 16:19:58 [Message] fib_1618 -> Chat: indicating that there is compression on the tape
2013-11-25 16:21:11 [Message] fib_1618 -> Chat: also of note today is that the NASDAQ Composite Index fulfilled the upside price target given by the NASDAQ breadth MCSUM 6 months ago of reaching 4000 on an intraday basis and closing just 5 points below this target at the close
2013-11-25 16:21:35 [Message] fib_1618 -> Chat: so with the upside target has now being met
2013-11-25 16:22:08 [Message] fib_1618 -> Chat: if there's going to be a time in which we might see a price top this would be as good a time as any to see this
2013-11-25 16:22:29 [Message] fib_1618 -> Chat: looking at the close up chart of the NASDAQ breadth MCSUM
2013-11-25 16:23:05 [Message] fib_1618 -> Chat: and it's going to take a move above the recent consolidation we saw two weeks ago in order to extend prices higher from this juncture
2013-11-25 16:23:31 [Message] fib_1618 -> Chat: and with the NASDAQ breadth MCO also taking out the first of its three blip resistance areas last week
2013-11-25 16:23:47 [Message] fib_1618 -> Chat: the odds do favor some kind of extension from these levels
2013-11-25 16:24:25 [Message] fib_1618 -> Chat: the NDX breadth MCO is resting right on its zero line now
2013-11-25 16:25:07 [Message] fib_1618 -> Chat: and we can see the affect of our staying close to the zero line has had as the NDX breadth MCSUM is moving net sideways now
2013-11-25 16:25:18 [Message] fib_1618 -> Chat: and as we talked about 3 weeks ago
2013-11-25 16:25:41 [Message] fib_1618 -> Chat: is now moving into the apex of a symmetrical triangle formation that we've been working with for this same amount of time
2013-11-25 16:26:14 [Message] fib_1618 -> Chat: and with tops beneath tops showing the stronger directional flow of this same intermediate term money flow indicator
2013-11-25 16:26:35 [Message] fib_1618 -> Chat: the odds here suggest that a downside break is the likely way we're going to go once a decision is made
2013-11-25 16:26:46 [Message] fib_1618 -> Chat: if, however, we break to the upside from here
2013-11-25 16:27:17 [Message] fib_1618 -> Chat: this would be a highly bullish event since it would take a lot of energy to break above this same series of 5 declining tops
2013-11-25 16:27:34 [Message] fib_1618 -> Chat: so we'll have to wait to see what the market has to say about this
2013-11-25 16:27:55 [Message] fib_1618 -> Chat: the SPX breadth MCO is also right on its zero line today
2013-11-25 16:28:42 [Message] fib_1618 -> Chat: as the SPX breadth MCSUM attempts to negotiate its way above natural resistance at the +750 level
2013-11-25 16:29:03 [Message] fib_1618 -> Chat: so far we've seen a break above
2013-11-25 16:29:06 [Message] fib_1618 -> Chat: and a snapback
2013-11-25 16:29:34 [Message] fib_1618 -> Chat: and now we're looking over our collective shoulders to see if there's any takers
2013-11-25 16:30:03 [Message] fib_1618 -> Chat: the OEX breadth MCO is showing a bit more strength than the SPX
2013-11-25 16:30:21 [Message] fib_1618 -> Chat: and this has pushed the OEX breadth MCSUM to higher highs
2013-11-25 16:30:44 [Message] fib_1618 -> Chat: so between this break to new highs
2013-11-25 16:31:09 [Message] fib_1618 -> Chat: and the MCSUM pattern itself showing more buyers than sellers over the last two months
2013-11-25 16:31:41 [Message] fib_1618 -> Chat: the short term expectation here would be for a continuation of the OEX breadth MCSUM to its next level of natural resistance at the +1000 level
2013-11-25 16:32:03 [Message] fib_1618 -> Chat: small point change in the Dow breadth MCO
2013-11-25 16:32:14 [Message] fib_1618 -> Chat: as it maintains a highly complex sequence above its zero line
2013-11-25 16:32:33 [Message] fib_1618 -> Chat: which is now in its 7th week
2013-11-25 16:32:56 [Message] fib_1618 -> Chat: this bullish sequence above the zero line
2013-11-25 16:33:23 [Message] fib_1618 -> Chat: has allowed the Dow breadth MCSUM to climb over 1250 data points to the upside
2013-11-25 16:33:27 [Message] fib_1618 -> Chat: now...
2013-11-25 16:33:34 [Message] fib_1618 -> Chat: each day we remain above the zero line
2013-11-25 16:33:40 [Message] fib_1618 -> Chat: to longer the travel in prices
2013-11-25 16:33:42 [Message] fib_1618 -> Chat: however
2013-11-25 16:33:53 [Message] fib_1618 -> Chat: since we are in the 7th week here of this advance
2013-11-25 16:34:18 [Message] fib_1618 -> Chat: each passing day increases the likelihood of a cross back below the zero line
2013-11-25 16:34:46 [Message] fib_1618 -> Chat: so it wouldn't be too surprising that given that this week is an important one for retail
2013-11-25 16:35:39 [Message] fib_1618 -> Chat: we might see an opportunity to present itself for the sellers to begin taking profits on the possible excuse of this same attention to retail
2013-11-25 16:35:57 [Message] fib_1618 -> Chat: but at this point
2013-11-25 16:36:06 [Message] fib_1618 -> Chat: as long as the Dow breadth MCO remains above its zero line
2013-11-25 16:36:21 [Message] fib_1618 -> Chat: the likely we're going to continue to see the prices in the Dow index continue to rise
2013-11-25 16:36:27 [Message] fib_1618 -> Chat: also keeping in mind
2013-11-25 16:36:42 [Message] fib_1618 -> Chat: that we are now within 25 points of reaching our price target in the SPX of 1825
2013-11-25 16:37:24 [Message] fib_1618 -> Chat: one might figure that we'll see one more good push over the next couple of days to reach the SPX target
2013-11-25 16:37:31 [Message] fib_1618 -> Chat: no less...the NYA all time highs
2013-11-25 16:37:49 [Message] fib_1618 -> Chat: and that would be enough, in and of itself, to see a pause in the upside action as well
2013-11-25 16:38:13 [Message] fib_1618 -> Chat: and let's not forget the OEX as it approaches its all time highs at 832
2013-11-25 16:38:56 [Message] fib_1618 -> Chat: the MID breadth MCO is also playing a game of tag with its zero line as well
2013-11-25 16:39:22 [Message] fib_1618 -> Chat: and this is keeping the MID breadth MCSUM moving sideways at just above the +750 level
2013-11-25 16:39:30 [Message] fib_1618 -> Chat: as we have talked about before
2013-11-25 16:39:37 [Message] fib_1618 -> Chat: whenever the MCSUM is as high as it is right now
2013-11-25 16:39:46 [Message] fib_1618 -> Chat: especially above the +750 level
2013-11-25 16:40:22 [Message] fib_1618 -> Chat: it doesn't too much to push prices even higher...no less find near term buoyancy in the price structure
2013-11-25 16:41:15 [Message] fib_1618 -> Chat: the SML breadth MCO is also under the larger influence of a rising bottoms line from the August lows
2013-11-25 16:41:23 [Message] fib_1618 -> Chat: and since this is the longer and stronger line
2013-11-25 16:41:30 [Message] fib_1618 -> Chat: any surprises here will tend to be to the upside
2013-11-25 16:42:03 [Message] fib_1618 -> Chat: the SML breadth MCO itself found upside resistance today at the +25 level
2013-11-25 16:42:29 [Message] fib_1618 -> Chat: and it will be important that it break above this level if there is going to be any chance of extending the current uptrend beyond this week
2013-11-25 16:42:40 [Message] fib_1618 -> Chat: that's another thing here
2013-11-25 16:43:04 [Message] fib_1618 -> Chat: this is the week in which the MCSUM forecasted last month as the time it would take as to the length of the current uptrend
2013-11-25 16:43:20 [Message] fib_1618 -> Chat: this then puts added pressure on the buyers
2013-11-25 16:43:55 [Message] fib_1618 -> Chat: for if they step up here to add to their positions
2013-11-25 16:44:10 [Message] fib_1618 -> Chat: this will then add additional time value to our projections to at least the end of the year
2013-11-25 16:44:43 [Message] fib_1618 -> Chat: and the TM breadth MCO has a reading of +2
2013-11-25 16:45:01 [Message] fib_1618 -> Chat: which we can also say it's pretty much balanced here between buyers and sellers
2013-11-25 16:45:04 [Message] fib_1618 -> Chat: so...
2013-11-25 16:45:23 [Message] fib_1618 -> Chat: the coil is being tightened again for the umpteenth time
2013-11-25 16:45:34 [Message] fib_1618 -> Chat: from where one side is about to take control
2013-11-25 16:45:36 [Message] fib_1618 -> Chat: for the bulls
2013-11-25 16:46:08 [Message] fib_1618 -> Chat: the last clarity moment was able to move the market higher into the Thanksgiving holiday
2013-11-25 16:46:15 [Message] fib_1618 -> Chat: in order for this to extend even further
2013-11-25 16:46:26 [Message] fib_1618 -> Chat: we will need to see fresh buying enter the market near term
2013-11-25 16:46:44 [Message] fib_1618 -> Chat: otherwise the sellers will be able to take a bit of control for a week or two
2013-11-25 16:46:54 [Message] fib_1618 -> Chat: all dependent on their convictions
2013-11-25 16:47:32 [Message] fib_1618 -> Chat: which, as we have seen so many times before, these same convictions are usually one or two day events with very little backbone to drive prices in their preferred direction
2013-11-25 16:47:50 [Message] fib_1618 -> Chat: moving to the volume McClellan's
2013-11-25 16:48:28 [Message] fib_1618 -> Chat: and we see that both the NYSE CO and Composite volume MCO's are also at their zero lines
2013-11-25 16:49:14 [Message] fib_1618 -> Chat: and this is allowing the their volume MCSUM's to trend sideways in indecision
2013-11-25 16:49:23 [Message] fib_1618 -> Chat: one thing's for sure
2013-11-25 16:49:48 [Message] fib_1618 -> Chat: the tape right now is wound tight
2013-11-25 16:49:57 [Message] fib_1618 -> Chat: and once this coil is released
2013-11-25 16:50:13 [Message] fib_1618 -> Chat: we should have a multi week outcome in the direction of the break
2013-11-25 16:50:42 [Message] fib_1618 -> Chat: and as far as an Elliott flat is concerned
2013-11-25 16:50:56 [Message] fib_1618 -> Chat: the internals do not indicate that we have one here
2013-11-25 16:51:06 [Message] fib_1618 -> Chat: they do indicate that we're stair stepping
2013-11-25 16:51:34 [Message] fib_1618 -> Chat: with last Wednesday's sell off fulfilling a snapback test of the prior consolidation
2013-11-25 16:52:13 [Message] fib_1618 -> Chat: could be that we're close to finishing a 5 wave structure though
2013-11-25 16:52:22 [Message] fib_1618 -> Chat: with the many divergences we have
2013-11-25 16:52:29 [Message] fib_1618 -> Chat: plus we have a lot of indecision
2013-11-25 16:52:47 [Message] fib_1618 -> Chat: so it might be time for a one or two month digestion period
2013-11-25 16:53:03 [Message] fib_1618 -> Chat: of which could take the form of a larger Elliott flat since the MCO's would be below their zero lines
2013-11-25 16:53:28 [Message] fib_1618 -> Chat: but the MCSUM's will remain above theirs
2013-11-25 16:53:36 [Message] fib_1618 -> Chat: and that would create a high level consolidation
2013-11-25 16:54:15 [Message] fib_1618 -> Chat: as we discussed over the summer (I think) one of the problems in which equities are facing right now
2013-11-25 16:54:31 [Message] fib_1618 -> Chat: is that excess liquidity is missing to help drive prices higher
2013-11-25 16:55:02 [Message] fib_1618 -> Chat: and that the market therefore moved in transition from that of a liquidity induced bull to that of a earnings driven bull
2013-11-25 16:55:11 [Message] fib_1618 -> Chat: and earnings have been very good
2013-11-25 16:55:55 [Message] fib_1618 -> Chat: but not enough, as yet, to release the large amount of excess capital created by the global push from money center banks to keep money available to be used
2013-11-25 16:56:06 [Message] fib_1618 -> Chat: as far as gold is concerned
2013-11-25 16:56:11 [Message] fib_1618 -> Chat: as we saw over the weekend
2013-11-25 16:56:37 [Message] fib_1618 -> Chat: we continue to unwind nicely in what should be a solid low in price somewhere at the $1156 level
2013-11-25 16:57:16 [Message] fib_1618 -> Chat: and then we'll probably stabilize for a couple of months in preparation for the next run up in prices
2013-11-25 16:57:27 [Message] fib_1618 -> Chat: which will be on the back on our new Fed Chief
2013-11-25 16:57:40 [Message] fib_1618 -> Chat: we just need to get her fully confirmed
2013-11-25 16:58:02 [Message] fib_1618 -> Chat: and once the market realizes that she's going to continue current monetary policy beyond the spring of next year
2013-11-25 16:58:13 [Message] fib_1618 -> Chat: then we should see gold and stocks continue to rally
2013-11-25 16:58:23 [Message] fib_1618 -> Chat: but that's next year
2013-11-25 16:58:33 [Message] fib_1618 -> Chat: let's go back and deal with the here and now
2013-11-25 16:59:40 [Message] fib_1618 -> Chat: moving to the NDX volume MCO
2013-11-25 16:59:49 [Message] fib_1618 -> Chat: and here we see that it found resistance at its zero line
2013-11-25 17:00:06 [Message] fib_1618 -> Chat: and settled today right at its short term rising bottoms line
2013-11-25 17:00:24 [Message] fib_1618 -> Chat: looking at the NDX volume MCSUM
2013-11-25 17:00:44 [Message] fib_1618 -> Chat: and we can see how important it will be for this MCO to hold this short term trend of rising bottoms
2013-11-25 17:01:08 [Message] fib_1618 -> Chat: otherwise we're going to see a technical breakdown in horizontal support in the NDX breadth MCSUM
2013-11-25 17:01:25 [Message] fib_1618 -> Chat: looking at the components here
2013-11-25 17:01:36 [Message] fib_1618 -> Chat: and we see that the 10% Trend is at its zero line
2013-11-25 17:01:46 [Message] fib_1618 -> Chat: so a near term bounce off this line is to be expected
2013-11-25 17:01:48 [Message] fib_1618 -> Chat: from there
2013-11-25 17:02:07 [Message] fib_1618 -> Chat: we'll have to see how much power we see come in here
2013-11-25 17:02:44 [Message] fib_1618 -> Chat: the pattern in the SPX volume MCSUM continues to be firm
2013-11-25 17:02:55 [Message] fib_1618 -> Chat: but as we can see in the individual postings
2013-11-25 17:03:08 [Message] fib_1618 -> Chat: there's a lack of overall conviction by the buyers right now
2013-11-25 17:03:25 [Message] fib_1618 -> Chat: as if they're not giving too many choices on where to put their money
2013-11-25 17:03:46 [Message] fib_1618 -> Chat: but as we look at the MCO pattern itself
2013-11-25 17:04:00 [Message] fib_1618 -> Chat: we see that we have more bottoms above bottoms than we do tops beneath tops
2013-11-25 17:04:12 [Message] fib_1618 -> Chat: so the path of least resistance remains with the buyers
2013-11-25 17:04:33 [Message] fib_1618 -> Chat: same situation with the OEX volume MCO
2013-11-25 17:04:47 [Message] fib_1618 -> Chat: as the OEX volume MCSUM is now approaching its next target of the +750 level
2013-11-25 17:05:20 [Message] fib_1618 -> Chat: and we see slightly better separation of the individual postings there
2013-11-25 17:05:46 [Message] fib_1618 -> Chat: and that should be good enough to see further price gains over the next couple of days
2013-11-25 17:06:14 [Message] fib_1618 -> Chat: we finally saw a one day dip below the zero line on the Dow volume MCO last week
2013-11-25 17:06:55 [Message] fib_1618 -> Chat: but we're not likely to see an end to the current advancing sequence in the Dow volume MCSUM until we get bit closer to the +1000 level
2013-11-25 17:07:24 [Message] fib_1618 -> Chat: the MID volume MCO is also playing tag with its zero line
2013-11-25 17:08:14 [Message] fib_1618 -> Chat: and this continuing sequence of back and forth is keeping the MID volume MCSUM withing a contracting range for the last 2 1/2 months
2013-11-25 17:08:32 [Message] fib_1618 -> Chat: this is pretty amazing stuff we're working with here
2013-11-25 17:08:44 [Message] fib_1618 -> Chat: with very little in the way of selling pressure
2013-11-25 17:09:03 [Message] fib_1618 -> Chat: this is keeping prices from declining in any important way
2013-11-25 17:09:27 [Message] fib_1618 -> Chat: and this will continue to be so until we see the MCSUM's move closer to their zero lines
2013-11-25 17:09:39 [Message] fib_1618 -> Chat: just immense underlying strength here
2013-11-25 17:09:50 [Message] fib_1618 -> Chat: as we attempt to micro manage the trend
2013-11-25 17:10:21 [Message] fib_1618 -> Chat: and the TM volume MCO pretty tells the overall story here
2013-11-25 17:10:27 [Message] fib_1618 -> Chat: as it remains above its zero line
2013-11-25 17:10:38 [Message] fib_1618 -> Chat: but only nearly so with a +6 reading
2013-11-25 17:11:31 [Message] fib_1618 -> Chat: and this is keeping the longer term trend of the TM volume MCSUM within a 500 point range
2013-11-25 17:11:34 [Message] fib_1618 -> Chat: so...
2013-11-25 17:11:52 [Message] fib_1618 -> Chat: one could say that the buyers have had a nice run
2013-11-25 17:12:01 [Message] fib_1618 -> Chat: and it's probably time for a rest
2013-11-25 17:12:06 [Message] fib_1618 -> Chat: but on the other hand
2013-11-25 17:12:23 [Message] fib_1618 -> Chat: there isn't too much in the way of substance being shown by the sellers either
2013-11-25 17:12:32 [Message] fib_1618 -> Chat: as if they're in there "just in case"
2013-11-25 17:12:47 [Message] fib_1618 -> Chat: or they just don't trade the long side for whatever reason
2013-11-25 17:12:58 [Message] fib_1618 -> Chat: nothing to indicate a blow off
2013-11-25 17:13:03 [Message] fib_1618 -> Chat: if anything
2013-11-25 17:13:08 [Message] fib_1618 -> Chat: the market continues to hum along nicely
2013-11-25 17:13:23 [Message] fib_1618 -> Chat: with any near term surprises remaining with the buyers
2013-11-25 17:13:34 [Message] fib_1618 -> Chat: let's look at the volume oscillators
2013-11-25 17:14:00 [Message] fib_1618 -> Chat: except for the Dow
2013-11-25 17:14:12 [Message] fib_1618 -> Chat: the CVI's and STVO's are basically neutral as well
2013-11-25 17:14:28 [Message] fib_1618 -> Chat: while the VTO's continue to show a market that is strongly trending higher
2013-11-25 17:14:51 [Message] fib_1618 -> Chat: so we might see some low volume excitement near term as one side attempts to take control
2013-11-25 17:15:07 [Message] fib_1618 -> Chat: NYSE TRIN at 1.05
2013-11-25 17:15:19 [Message] fib_1618 -> Chat: Open 10 at .87
2013-11-25 17:15:34 [Message] fib_1618 -> Chat: after being "overbought" last week
2013-11-25 17:15:48 [Message] fib_1618 -> Chat: it looks like it was on Thursday
2013-11-25 17:15:59 [Message] fib_1618 -> Chat: let me take a closer look
2013-11-25 17:16:25 [Message] fib_1618 -> Chat: it happened on Wednesday
2013-11-25 17:16:30 [Message] fib_1618 -> Chat: which was our sell off day
2013-11-25 17:17:06 [Message] fib_1618 -> Chat: we also note that the 21 SMA of the TRIN is also approaching "overbought" levels
2013-11-25 17:17:42 [Message] fib_1618 -> Chat: showing the larger amount of "on balance" buying that's come into the market since October lows
2013-11-25 17:17:55 [Message] fib_1618 -> Chat: NASDAQ TRIN at 1.32
2013-11-25 17:18:07 [Message] fib_1618 -> Chat: Open 10 at a comfortable .95
2013-11-25 17:18:25 [Message] fib_1618 -> Chat: nothing frothy there as we have meet our upside price target
2013-11-25 17:18:39 [Message] fib_1618 -> Chat: TM TRIN at 1.13
2013-11-25 17:18:48 [Message] fib_1618 -> Chat: Open 10 at .90
2013-11-25 17:18:50 [Message] fib_1618 -> Chat: neutral
2013-11-25 17:18:54 [Message] fib_1618 -> Chat: so....
2013-11-25 17:19:05 [Message] fib_1618 -> Chat: we could be looking at a ho hum week until Friday
2013-11-25 17:19:22 [Message] fib_1618 -> Chat: but if anything is going to happen
2013-11-25 17:19:27 [Message] fib_1618 -> Chat: it will likely do so on Tuesday
2013-11-25 17:19:41 [Message] fib_1618 -> Chat: since Wednesday will be a short day for many
2013-11-25 17:20:39 [Message] fib_1618 -> Chat: housing starts and consumer confidence is tomorrow
2013-11-25 17:21:08 [Message] fib_1618 -> Chat: and a whole bunch of data on Wednesday
2013-11-25 17:21:18 [Message] fib_1618 -> Chat: durable goods
2013-11-25 17:21:22 [Message] fib_1618 -> Chat: jobless claims
2013-11-25 17:21:31 [Message] fib_1618 -> Chat: Chicago PMI
2013-11-25 17:21:41 [Message] fib_1618 -> Chat: MBA Purchase apps
2013-11-25 17:21:50 [Message] fib_1618 -> Chat: LEI
2013-11-25 17:22:07 [Message] fib_1618 -> Chat: and Treasury auction announcements
2013-11-25 17:22:23 [Message] fib_1618 -> Chat: so maybe we'll have to wait until Wednesday for a resolution?
2013-11-25 17:22:27 [Message] fib_1618 -> Chat: we'll see how it goes
2013-11-25 17:22:29 [Message] fib_1618 -> Chat: anything else?
2013-11-25 17:22:56 [Message] thespookyone -> Chat: thx
2013-11-25 17:23:07 [Message] fib_1618 -> Chat: durable goods should be fine since the XLY continues to look strong
2013-11-25 17:23:43 [Message] fib_1618 -> Chat: all the bulls need now is to move above the +25 levels in as many MCO's as they can
2013-11-25 17:24:01 [Message] fib_1618 -> Chat: and that will be enough to keep things moving along until the end of the year
2013-11-25 17:24:38 [Message] fib_1618 -> Chat: but you got to think that this overwhelming control by the buyers has be running out of steam here
2013-11-25 17:24:40 [Message] fib_1618 -> Chat: then again
2013-11-25 17:24:50 [Message] fib_1618 -> Chat: the BETS settled at +35 on Friday
2013-11-25 17:25:07 [Message] fib_1618 -> Chat: so it's not likely that we're going to get a Cash Position signal there for at least another week
2013-11-25 17:25:19 [Message] thespookyone -> Chat: jump ball...
2013-11-25 17:25:22 [Message] fib_1618 -> Chat: the bulls remain in control
2013-11-25 17:25:28 [Message] fib_1618 -> Chat: good analogy
2013-11-25 17:25:35 [Message] thespookyone -> Chat: thx
2013-11-25 17:26:18 [Message] fib_1618 -> Chat: OK...if there's nothing else
2013-11-25 17:26:23 [Message] fib_1618 -> Chat: I'm gong to take off
2013-11-25 17:26:31 [Message] fib_1618 -> Chat: remember we have one more chat this week - tomorrow
2013-11-25 17:26:42 [Message] fib_1618 -> Chat: and then we can stuff ourselves with family and friends
2013-11-25 17:26:48 [Message] fib_1618 -> Chat: everyone have a great evening
2013-11-25 17:26:58 [Message] fib_1618 -> Chat: and we'll see if one side makes a statement tomorrow
2013-11-25 17:26:59 [Message] fib_1618 -> Chat: good night

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