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fib_1618

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Reply with quote  #1 
2011-01-13 16:00:09 [Message] fib_1618 -> Chat: a pleasant good day 
2011-01-13 16:00:17 [Message] fib_1618 -> Chat: how is everyone?
2011-01-13 16:00:27 [Message] thespookyone -> Chat: very well, thanks
2011-01-13 16:01:14 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2011-01-13 16:02:32 [Message] fib_1618 -> Chat: then let me get DP up and we'll get started
2011-01-13 16:03:33 [Message] fib_1618 -> Chat: after moving back above the zero line on Wednesday, the CO NYSE breadth MCO provided our obligatory snapback to or towards the zero line today
2011-01-13 16:03:45 [Message] fib_1618 -> Chat: so we're back to a neutral position as we were on Tuesday
2011-01-13 16:03:49 [Message] fib_1618 -> Chat: but this time around the bulls are in need of flexing some muscle now that we've have our anticipated price break out yesterday
2011-01-13 16:04:32 [Message] fib_1618 -> Chat: as we've been noting for the last several weeks
2011-01-13 16:05:11 [Message] fib_1618 -> Chat: without good follow through by the bulls this time around, it's very likely that they will lose the advantage they've had over the last 4 months
2011-01-13 16:05:36 [Message] fib_1618 -> Chat: looking at the components, however, we are now back to a cross over buy signal
2011-01-13 16:05:49 [Message] fib_1618 -> Chat: and with both the MCO and the components back above their zero line
2011-01-13 16:06:12 [Message] fib_1618 -> Chat: it's the bulls to lose from this point forward as the bulls remain in control of the action
2011-01-13 16:07:49 [Message] fib_1618 -> Chat: moving on to the composite NYSE breadth data
2011-01-13 16:08:00 [Message] fib_1618 -> Chat: and here we have the MCO moving in sync with the commons
2011-01-13 16:08:15 [Message] fib_1618 -> Chat: but if we take our attention to the composite NYSE breadth MCSUM
2011-01-13 16:08:22 [Message] fib_1618 -> Chat: unlike the CO data
2011-01-13 16:08:32 [Message] fib_1618 -> Chat: we have now been able to move to new highs
2011-01-13 16:08:58 [Message] fib_1618 -> Chat: this would indicate that those issues that are interest rate sensitive products are seeing a lot of money flow at this time
2011-01-13 16:09:22 [Message] fib_1618 -> Chat: and this would then suggest that another leg up in the price pattern structure has good underlying strength behind it
2011-01-13 16:09:52 [Message] fib_1618 -> Chat: next stop for possible resistance will be the +750 level
2011-01-13 16:10:16 [Message] fib_1618 -> Chat: and then we have our gap resistance area just above that
2011-01-13 16:10:21 [Message] fib_1618 -> Chat: let me get the combo chart for clarity
2011-01-13 16:11:22 [Message] fib_1618 -> Chat: http://www.technicalwatch.com/chat11/nyad011311.png
2011-01-13 16:11:54 [Message] fib_1618 -> Chat: you can also see that we have had our anticipated move to the upside from the inverted ledge pattern shown on the chart
2011-01-13 16:12:12 [Message] fib_1618 -> Chat: given that we now have confirmation of this technical structure in place
2011-01-13 16:12:57 [Message] fib_1618 -> Chat: the anticipated forecast for this MCSUM is that it will be unlikely that it will have enough behind it to move above this same gap resistance area
2011-01-13 16:13:32 [Message] fib_1618 -> Chat: being that ledges usually form prior the final sequence of that current trend of money flow
2011-01-13 16:13:44 [Message] fib_1618 -> Chat: adding to our clues will be
2011-01-13 16:14:08 [Message] fib_1618 -> Chat: how far the individual post expansion we get starting tomorrow
2011-01-13 16:14:47 [Message] fib_1618 -> Chat: where if we see a lot of area between each post...this will INCREASE the chance of our being able to move above this same gap resistance point
2011-01-13 16:15:03 [Message] fib_1618 -> Chat: and where a congested advance would reaffirm the probability of a final top
2011-01-13 16:15:10 [Message] fib_1618 -> Chat: so...we just watch and wait
2011-01-13 16:15:32 [Message] fib_1618 -> Chat: we know what to look for...and this will add value to our short term trades
2011-01-13 16:15:50 [Message] fib_1618 -> Chat: lastly
2011-01-13 16:16:03 [Message] fib_1618 -> Chat: we'll note that the NYAD line again moved to new all time highs yesterday
2011-01-13 16:16:31 [Message] fib_1618 -> Chat: so any future top we might see in the NYSE breadth MCSUM will only be part of a correctional process than that of an important top
2011-01-13 16:16:51 [Message] fib_1618 -> Chat: it's important to keep the context of what is being measured in the forefront of our analysis
2011-01-13 16:17:22 [Message] fib_1618 -> Chat: that way it keeps up from getting emotionally attached to the daily goings on in the market
2011-01-13 16:17:42 [Message] fib_1618 -> Chat: better word than attached...emotionally "invested"
2011-01-13 16:18:58 [Message] fib_1618 -> Chat: the NASDAQ breadth MCO also broke above its zero line yesterday, but here we have a higher high achieved with that of early January
2011-01-13 16:19:16 [Message] fib_1618 -> Chat: we then went through the process of a snapback today
2011-01-13 16:19:26 [Message] fib_1618 -> Chat: so...good strength remains with the secondaries
2011-01-13 16:19:42 [Message] fib_1618 -> Chat: and where good bullish follow through will now be needed to make a longer lasting statement
2011-01-13 16:19:50 [Message] fib_1618 -> Chat: looking at the NASDAQ breadth MCSUM
2011-01-13 16:20:21 [Message] fib_1618 -> Chat: and here we have also moved to new recovery highs for the last 8 months
2011-01-13 16:20:58 [Message] fib_1618 -> Chat: the key here is to see whether or not we can actually move above the important +500 level with good energy
2011-01-13 16:21:24 [Message] fib_1618 -> Chat: any loss in amplitude here would not be a preferred objective for the bulls right now
2011-01-13 16:21:34 [Message] fib_1618 -> Chat: just as it wouldn't be with the NYSE group of stocks
2011-01-13 16:21:51 [Message] fib_1618 -> Chat: we got what the market was indicating yesterday with the break out
2011-01-13 16:22:02 [Message] fib_1618 -> Chat: but now we need good follow through
2011-01-13 16:22:22 [Message] fib_1618 -> Chat: small point change today on the NDX breadth MCO
2011-01-13 16:22:32 [Message] fib_1618 -> Chat: while snapping back to or towards its zero line
2011-01-13 16:23:06 [Message] fib_1618 -> Chat: we also had our robust move higher out of the coil formation with the components yesterday
2011-01-13 16:23:25 [Message] fib_1618 -> Chat: so based on that, we "should" see good follow through to the upside as soon as tomorrow
2011-01-13 16:23:52 [Message] fib_1618 -> Chat: but in the meantime
2011-01-13 16:24:21 [Message] fib_1618 -> Chat: it should be duly noted that unless the NDX breadth MCSUM starts to see some post expansion tomorrow
2011-01-13 16:24:34 [Message] fib_1618 -> Chat: we could also be tracing out a classic ledge formation here
2011-01-13 16:24:56 [Message] fib_1618 -> Chat: so far...as noted earlier...we are still indecisive...but with a bullish bias
2011-01-13 16:25:06 [Message] fib_1618 -> Chat: still a "show me" kind of market
2011-01-13 16:25:42 [Message] fib_1618 -> Chat: the SPX breadth MCO also eclipsed its prior highs with yesterdays move back above zero
2011-01-13 16:26:04 [Message] fib_1618 -> Chat: and looking at the SPX breadth MCSUM
2011-01-13 16:26:45 [Message] fib_1618 -> Chat: you can see why its quite important for the bulls to keep the ball rolling here with our still needing to move to higher highs
2011-01-13 16:26:56 [Message] fib_1618 -> Chat: technically speaking
2011-01-13 16:27:41 [Message] fib_1618 -> Chat: with the SPX breadth MCSUM already in "overbought" territory, it's going to be difficult to see such follow through
2011-01-13 16:28:08 [Message] fib_1618 -> Chat: so if we actually can accomplish this, this would be a highly bullish event for the intermediate term trend of breadth
2011-01-13 16:28:10 [Message] fib_1618 -> Chat: and would extend the price advance for at least another month or so
2011-01-13 16:28:35 [Message] fib_1618 -> Chat: say from March to maybe the May period
2011-01-13 16:28:44 [Message] fib_1618 -> Chat: so we'll see how things go
2011-01-13 16:29:00 [Message] fib_1618 -> Chat: same kind of situation with the OEX data
2011-01-13 16:29:36 [Message] fib_1618 -> Chat: with the Dow breadth MCSUM already piercing above last weeks highs
2011-01-13 16:30:08 [Message] fib_1618 -> Chat: same general situation with the MID data as compared with the SPX
2011-01-13 16:30:53 [Message] fib_1618 -> Chat: the SML paid attention to our chat on Tuesday and fully snapped back to its zero line yesterday
2011-01-13 16:31:13 [Message] fib_1618 -> Chat: and then fell away from this same demarcation line between bull and bear today
2011-01-13 16:31:59 [Message] fib_1618 -> Chat: this also slowed the downward trend of the SML breadth MCSUM just as was the expectation at round the +750 level
2011-01-13 16:32:23 [Message] fib_1618 -> Chat: giving us another reason why it will be important for the bulls to step up here
2011-01-13 16:32:48 [Message] fib_1618 -> Chat: and we have new recovery highs in the TM breadth MCSUM today
2011-01-13 16:32:51 [Message] fib_1618 -> Chat: so....
2011-01-13 16:33:00 [Message] fib_1618 -> Chat: with the broader gauges moving above last weeks highs
2011-01-13 16:33:19 [Message] fib_1618 -> Chat: those that haven't done so as yet are likely to join the fun as soon as tomorrow
2011-01-13 16:33:28 [Message] fib_1618 -> Chat: as long as the direction of the MCSUM remains higher
2011-01-13 16:33:57 [Message] fib_1618 -> Chat: one should continue to play the odds of a continued bull move until proven otherwise
2011-01-13 16:34:18 [Message] fib_1618 -> Chat: let's see how the volume McClellan's are doing
2011-01-13 16:34:50 [Message] fib_1618 -> Chat: the CO NYSE volume MCO also moved above its zero line yesterday, and snapped back to it today
2011-01-13 16:35:16 [Message] fib_1618 -> Chat: the CO NYSE volume MCSUM, like it's breadth cousin, remains below last weeks highs
2011-01-13 16:36:09 [Message] fib_1618 -> Chat: so we're in sync here...and usually what we see when this occurs, the side that benefits the most is those who have control
2011-01-13 16:36:31 [Message] fib_1618 -> Chat: looking at the CO MCO components
2011-01-13 16:37:00 [Message] fib_1618 -> Chat: and an anticipated bounce higher tomorrow would be the likely outcome given the "kiss back" we saw happen today
2011-01-13 16:37:33 [Message] fib_1618 -> Chat: unlike its breadth cousin, the composite NYSE volume MCSUM did NOT move to new recovery highs as yet
2011-01-13 16:38:01 [Message] fib_1618 -> Chat: so here again we need more conviction by the bulls if we're going to maintain the current upward trend
2011-01-13 16:38:31 [Message] fib_1618 -> Chat: conviction, in this case, is like we see with the pattern of the NASDAQ volume MCSUM
2011-01-13 16:38:44 [Message] fib_1618 -> Chat: notice it starting now to "stretch out" to the upside
2011-01-13 16:39:01 [Message] fib_1618 -> Chat: this is the conviction the bulls want to continue to see happen over the near term
2011-01-13 16:39:23 [Message] fib_1618 -> Chat: and how does this "stretching out" take place?
2011-01-13 16:39:33 [Message] fib_1618 -> Chat: well, if we look at the NASDAQ volume MCO
2011-01-13 16:39:59 [Message] fib_1618 -> Chat: we see that yesterdays move back above its zero line also took out the last two tops in the pattern
2011-01-13 16:40:14 [Message] fib_1618 -> Chat: this is a sign of strength...conviction..whatever you wish to label it
2011-01-13 16:41:02 [Message] fib_1618 -> Chat: and to do with this with the MCSUM already highly "overbought" (as its above the +1000 level), should be fully respected for its implications
2011-01-13 16:41:39 [Message] fib_1618 -> Chat: and then there's the NDX volume MCO and MCSUM
2011-01-13 16:42:00 [Message] fib_1618 -> Chat: where here we have the bulls falling over themselves in putting money to work
2011-01-13 16:42:41 [Message] fib_1618 -> Chat: you can see the scale in which money is moving in here with the 21 day close up of the NDX volume MCSUM chart
2011-01-13 16:43:07 [Message] fib_1618 -> Chat: the further the postings are from each other, the more the money entering (in this case) this basket of stocks
2011-01-13 16:43:36 [Message] fib_1618 -> Chat: bottoms above bottoms continue to control the MCO pattern (as is the case with many of the MCO's)
2011-01-13 16:44:11 [Message] fib_1618 -> Chat: and until this line of strength is broken, the trend remains to the upside with no indication of a potential stopping point
2011-01-13 16:44:41 [Message] fib_1618 -> Chat: the SPX volume data continues to support indecision there
2011-01-13 16:44:57 [Message] fib_1618 -> Chat: as is the case with the OEX
2011-01-13 16:45:12 [Message] fib_1618 -> Chat: note how the secondaries...the growth stocks...continue to lead to the upside
2011-01-13 16:45:21 [Message] fib_1618 -> Chat: where the value stocks are playing catch up
2011-01-13 16:45:43 [Message] fib_1618 -> Chat: this is a textbook indication of a strong advancing price structure for the market in general
2011-01-13 16:46:32 [Message] fib_1618 -> Chat: moving to the Dow volume MCSUM, and we can see here that we're getting some resistance now as we approach the +1000 level
2011-01-13 16:46:44 [Message] fib_1618 -> Chat: though it didn't help much to have MRK down 6% today
2011-01-13 16:46:59 [Message] fib_1618 -> Chat: but aside from that
2011-01-13 16:47:15 [Message] fib_1618 -> Chat: you can see the internal trend strength of the Dow right now
2011-01-13 16:47:33 [Message] fib_1618 -> Chat: with the MCO staying nicely above its zero line for over a month
2011-01-13 16:48:01 [Message] fib_1618 -> Chat: we're also seeing money moving into the MID volume MCSUM
2011-01-13 16:48:26 [Message] fib_1618 -> Chat: so that's positive news for the bulls who need to see the breadth side do the same thing
2011-01-13 16:48:49 [Message] fib_1618 -> Chat: both volume and breadth of the SML are in lock step here with both at dead neutral
2011-01-13 16:49:06 [Message] fib_1618 -> Chat: so until one side makes a commitment here
2011-01-13 16:49:16 [Message] fib_1618 -> Chat: the price pattern will stay within its current trading range
2011-01-13 16:49:41 [Message] fib_1618 -> Chat: here too...the bulls want to pick up the baton again and show some backbone with this group of stocks as well
2011-01-13 16:50:18 [Message] fib_1618 -> Chat: and the TM volume MCSUM is in sync with its breadth cousin breaking above its reaction highs of last week
2011-01-13 16:50:19 [Message] fib_1618 -> Chat: so....
2011-01-13 16:50:50 [Message] fib_1618 -> Chat: it would appear that another advance is now underway
2011-01-13 16:51:41 [Message] fib_1618 -> Chat: it will be very important for the bulls to continue to feed this structure or this advance might lead to a longer lasting correction of which many have been salivating about for the last 4 months
2011-01-13 16:51:54 [Message] fib_1618 -> Chat: good strength, however, will delay this
2011-01-13 16:52:07 [Message] fib_1618 -> Chat: and probably for another couple of months at a minimum
2011-01-13 16:54:27 [Message] fib_1618 -> Chat: Lew...are you there?
2011-01-13 16:54:34 [Message] thespookyone -> Chat: yes
2011-01-13 16:54:50 [Message] fib_1618 -> Chat: I read that you have an upside objective of 1291...what is that based on?
2011-01-13 16:55:01 [Message] thespookyone -> Chat: Elliott
2011-01-13 16:55:09 [Message] fib_1618 -> Chat: extended 5th?
2011-01-13 16:55:09 [Message] thespookyone -> Chat: 5 equal to 1
2011-01-13 16:55:14 [Message] fib_1618 -> Chat: OK...thanks
2011-01-13 16:55:16 [Message] fib_1618 -> Chat: wasn't sure
2011-01-13 16:55:34 [Message] fib_1618 -> Chat: well...this is one point we can all watch here
2011-01-13 16:55:43 [Message] fib_1618 -> Chat: the key to Elliott is two fold
2011-01-13 16:55:59 [Message] fib_1618 -> Chat: it gives the chartist a way to "label" where we might be in a price structure
2011-01-13 16:56:24 [Message] fib_1618 -> Chat: and it is with these points where, if violated, create new price objectives to work with
2011-01-13 16:56:38 [Message] fib_1618 -> Chat: much of this has to do with Fibonacci work
2011-01-13 16:57:03 [Message] thespookyone -> Chat: I am, though painting an ED on NDX here-may turn out correct-next high would be the 5, and would have overlap-which is why I beleive that wave looks extended
2011-01-13 16:57:18 [Message] fib_1618 -> Chat: so when these kind of objectives are violated, or held, this helps compliment what the internals are indicating
2011-01-13 16:57:47 [Message] fib_1618 -> Chat: question...can you have an ending diagonal if the breadth and volume continue to make higher highs?
2011-01-13 16:58:30 [Message] fib_1618 -> Chat: be consistent
2011-01-13 16:58:39 [Message] thespookyone -> Chat: on a daily, so far, it looks easily most correct-it would have to stop soon
2011-01-13 16:59:00 [Message] fib_1618 -> Chat: but can you have a ending pattern occur if breadth and volume are leading price?
2011-01-13 16:59:20 [Message] thespookyone -> Chat: not if they continue
2011-01-13 16:59:44 [Message] fib_1618 -> Chat: and what is your objective for the high in the NDX for this ED?
2011-01-13 17:00:05 [Message] thespookyone -> Chat: 2315-2317
2011-01-13 17:00:19 [Message] fib_1618 -> Chat: meaning you're in wave 5?
2011-01-13 17:00:24 [Message] thespookyone -> Chat: yes
2011-01-13 17:00:47 [Message] fib_1618 -> Chat: wouldn't breadth and volume be diverging at this time to reinforce the count?
2011-01-13 17:01:02 [Message] fib_1618 -> Chat:
2011-01-13 17:01:25 [Message] thespookyone -> Chat: price advanced while breadth stood still measured by Mcsum-no?
2011-01-13 17:01:42 [Message] fib_1618 -> Chat: it might be diverging
2011-01-13 17:01:45 [Message] fib_1618 -> Chat: but
2011-01-13 17:02:13 [Message] fib_1618 -> Chat: wouldn't it be showing greater overall weakens to create the potential outcome of such a pattern now?
2011-01-13 17:02:15 [Message] fib_1618 -> Chat: for example
2011-01-13 17:02:32 [Message] fib_1618 -> Chat: what is the objective after the termination of an ending diagonal pattern?
2011-01-13 17:03:00 [Message] fib_1618 -> Chat: both for Elliott and the chartist who is working with a wedge formation?
2011-01-13 17:03:11 [Message] thespookyone -> Chat: in what sense, price?
2011-01-13 17:03:16 [Message] thespookyone -> Chat: oh, pattern?
2011-01-13 17:03:19 [Message] fib_1618 -> Chat: yes
2011-01-13 17:03:21 [Message] fib_1618 -> Chat: pattern
2011-01-13 17:03:33 [Message] fib_1618 -> Chat: price is secondary
2011-01-13 17:03:40 [Message] thespookyone -> Chat: half the base or the base-depends who you ask, I guess
2011-01-13 17:04:00 [Message] fib_1618 -> Chat: no...there is an absolute here
2011-01-13 17:04:09 [Message] fib_1618 -> Chat: when we top out of such a pattern
2011-01-13 17:04:14 [Message] thespookyone -> Chat: for me-the base
2011-01-13 17:04:25 [Message] fib_1618 -> Chat: the price objective...yes...it's the base of the structure
2011-01-13 17:04:43 [Message] fib_1618 -> Chat: and the pattern unwinds quite quickly, doesn't it?
2011-01-13 17:04:47 [Message] thespookyone -> Chat: yes
2011-01-13 17:04:50 [Message] fib_1618 -> Chat: as if a vacuum is to be filled?
2011-01-13 17:04:56 [Message] thespookyone -> Chat: yep
2011-01-13 17:05:03 [Message] fib_1618 -> Chat: so...where's the vacuum?
2011-01-13 17:05:07 [Message] fib_1618 -> Chat:
2011-01-13 17:05:23 [Message] thespookyone -> Chat: if the bulls do fail here-do you feel it will linger?
2011-01-13 17:05:36 [Message] fib_1618 -> Chat: with the MCSUM's as high as they are
2011-01-13 17:05:44 [Message] fib_1618 -> Chat: all the bears will be able to do is move the pattern sideways
2011-01-13 17:05:54 [Message] fib_1618 -> Chat: just as they've been doing for the last 5 months (step pattern)
2011-01-13 17:06:05 [Message] fib_1618 -> Chat: in order for everything to work together
2011-01-13 17:06:14 [Message] fib_1618 -> Chat: you must have leadership of money flow in this same direction
2011-01-13 17:06:46 [Message] fib_1618 -> Chat: ending diagonals occur because prices continue to move higher based solely on the momentum created by the energy push that started the ball rolling
2011-01-13 17:06:59 [Message] fib_1618 -> Chat: sort of like the space shuttle
2011-01-13 17:07:14 [Message] thespookyone -> Chat: the mco's indicate that, no?
2011-01-13 17:07:22 [Message] fib_1618 -> Chat: if the shuttle runs out of fuel...it will drift at first...and then start to decay
2011-01-13 17:08:03 [Message] fib_1618 -> Chat: it will only accelerate lower back into the atmosphere as gravity takes more and more control
2011-01-13 17:08:16 [Message] fib_1618 -> Chat: but if you have fuel to make a "mid course" correction
2011-01-13 17:08:25 [Message] fib_1618 -> Chat: and then able to move to a higher orbit
2011-01-13 17:08:36 [Message] fib_1618 -> Chat: it's not likely that you're going to be in any danger
2011-01-13 17:08:42 [Message] fib_1618 -> Chat: the MCO's are neutral
2011-01-13 17:08:50 [Message] fib_1618 -> Chat: no fuel is being used at this time
2011-01-13 17:09:05 [Message] fib_1618 -> Chat: we had a sharp push in this fuel yesterday
2011-01-13 17:09:11 [Message] fib_1618 -> Chat: but the engine was shut off again today
2011-01-13 17:09:32 [Message] fib_1618 -> Chat: that push from yesterday gives us "that much more time" to stay higher
2011-01-13 17:10:34 [Message] fib_1618 -> Chat: the MCO measures your fuel acceleration
2011-01-13 17:10:51 [Message] fib_1618 -> Chat: the MCSUM measures your distance attained with this same fuel source
2011-01-13 17:11:07 [Message] fib_1618 -> Chat: so for an ending diagonal to work
2011-01-13 17:11:25 [Message] fib_1618 -> Chat: each segment within the structure should see less and less energy applied
2011-01-13 17:11:31 [Message] fib_1618 -> Chat: more and more divergence
2011-01-13 17:11:48 [Message] fib_1618 -> Chat: which creates more and more vacuum to be filled
2011-01-13 17:11:52 [Message] fib_1618 -> Chat: and whoosh
2011-01-13 17:12:00 [Message] fib_1618 -> Chat: we don't have that here
2011-01-13 17:12:16 [Message] thespookyone -> Chat: NDX price advanced and advanced-with no corresponding new energy-as far as I can see
2011-01-13 17:12:20 [Message] fib_1618 -> Chat: what we do have is a price structure that continues to make higher and higher highs
2011-01-13 17:12:27 [Message] fib_1618 -> Chat: and its being supported by the internals
2011-01-13 17:12:39 [Message] fib_1618 -> Chat:
2011-01-13 17:12:59 [Message] fib_1618 -> Chat: you're not seeing new energy coming in here with the NDX MCSUM's?
2011-01-13 17:13:18 [Message] fib_1618 -> Chat: are you not seeing greater post expansion?
2011-01-13 17:13:47 [Message] fib_1618 -> Chat: now as the devils advocate
2011-01-13 17:14:03 [Message] thespookyone -> Chat: on the mcsum?
2011-01-13 17:14:17 [Message] fib_1618 -> Chat: it's only the volume side of the equation that, so far, is seeing the kind of post expansion that would preclude an ED
2011-01-13 17:14:24 [Message] fib_1618 -> Chat: yes - look at the NDX volume MCSUM
2011-01-13 17:14:46 [Message] thespookyone -> Chat: it was dropping during the advance till 2 days ago
2011-01-13 17:14:47 [Message] fib_1618 -> Chat: http://www.decisionpoint.com/prime/dailycharts/McOsi_Vol_NDX.html
2011-01-13 17:14:51 [Message] fib_1618 -> Chat: 21 day close up
2011-01-13 17:14:59 [Message] fib_1618 -> Chat: for an ED to work
2011-01-13 17:15:08 [Message] fib_1618 -> Chat: the price structure MUST be running on fumes
2011-01-13 17:15:26 [Message] thespookyone -> Chat: the volume-how about the regular mcsum?
2011-01-13 17:15:27 [Message] fib_1618 -> Chat: have no technical reason to do what it's doing
2011-01-13 17:15:36 [Message] fib_1618 -> Chat: that's the devils advocate in this relationship
2011-01-13 17:15:52 [Message] fib_1618 -> Chat: this would indicate that there is heavy volume coming into this index
2011-01-13 17:16:06 [Message] fib_1618 -> Chat: but it continues to be very selective on what gets bought
2011-01-13 17:16:07 [Message] fib_1618 -> Chat: however
2011-01-13 17:16:17 [Message] fib_1618 -> Chat: this is NOT indicative of an ED
2011-01-13 17:16:22 [Message] fib_1618 -> Chat: now...
2011-01-13 17:16:34 [Message] fib_1618 -> Chat: maybe it's indicative of an extended 5th wave top
2011-01-13 17:17:15 [Message] fib_1618 -> Chat: but you would be hard pressed to provide an outline of this same wedge with the current accelerating price structure
2011-01-13 17:17:24 [Message] fib_1618 -> Chat: at least on the daily
2011-01-13 17:17:35 [Message] thespookyone -> Chat: I can very well
2011-01-13 17:17:37 [Message] fib_1618 -> Chat: so just be careful here
2011-01-13 17:17:45 [Message] fib_1618 -> Chat: well...you're better than me
2011-01-13 17:17:50 [Message] fib_1618 -> Chat: are you using log form?
2011-01-13 17:18:08 [Message] thespookyone -> Chat: let me check
2011-01-13 17:18:15 [Message] fib_1618 -> Chat: OK...you do that and I'll move on
2011-01-13 17:18:27 [Message] fib_1618 -> Chat: any questions before I do from anyone?
2011-01-13 17:18:42 [Message] fib_1618 -> Chat: everyone was able to follow the discussion?
2011-01-13 17:19:05 [Message] fib_1618 -> Chat: ah oh...Elliott put everyone to sleep again
2011-01-13 17:19:09 [Message] lard -> Chat: yup
2011-01-13 17:19:11 [Message] thespookyone -> Chat: sorry
2011-01-13 17:19:16 [Message] fib_1618 -> Chat: not a problem
2011-01-13 17:19:22 [Message] fib_1618 -> Chat: never be sorry
2011-01-13 17:19:32 [Message] fib_1618 -> Chat: the idea was mine to start
2011-01-13 17:19:42 [Message] fib_1618 -> Chat: with the point being
2011-01-13 17:19:57 [Message] fib_1618 -> Chat: in order for any trading system or methodology to work
2011-01-13 17:20:26 [Message] fib_1618 -> Chat: it's very important that the energy that drives such analysis, breadth and volume, that they should compliment this same work
2011-01-13 17:20:49 [Message] fib_1618 -> Chat: now...Lew might turn out to be right
2011-01-13 17:20:51 [Message] fib_1618 -> Chat: then again...
2011-01-13 17:21:02 [Message] thespookyone -> Chat: on the regular mcsum on the ndx-I don't see the problem
2011-01-13 17:21:09 [Message] fib_1618 -> Chat: those who have been playing the .618 retracement card haven't done so well
2011-01-13 17:21:25 [Message] fib_1618 -> Chat: OK...just be careful here
2011-01-13 17:21:29 [Message] fib_1618 -> Chat: as I know you will
2011-01-13 17:21:42 [Message] thespookyone -> Chat: it dropped steadily as we made new highs
2011-01-13 17:21:48 [Message] fib_1618 -> Chat: sigh - it was "overbought" to begin with and correcting those excesses
2011-01-13 17:22:08 [Message] fib_1618 -> Chat: in order for the ending diagonal to work
2011-01-13 17:22:32 [Message] fib_1618 -> Chat: it would probably be more beneficial to have the MCSUM closer to its zero line - no?
2011-01-13 17:22:47 [Message] fib_1618 -> Chat: given that you already know that
2011-01-13 17:22:48 [Message] thespookyone -> Chat: you bet!
2011-01-13 17:23:06 [Message] fib_1618 -> Chat: just because the MCSUM can turn away from extremes
2011-01-13 17:23:22 [Message] fib_1618 -> Chat: price is not likely to agree until there is better balance between buyers and sellers
2011-01-13 17:23:25 [Message] fib_1618 -> Chat: we don't have that now
2011-01-13 17:23:32 [Message] fib_1618 -> Chat: the bulls remain fully in control
2011-01-13 17:23:37 [Message] fib_1618 -> Chat: to me this would not be at all indicative of a top
2011-01-13 17:23:47 [Message] fib_1618 -> Chat: no less an ending diagonal
2011-01-13 17:23:57 [Message] fib_1618 -> Chat: so use caution
2011-01-13 17:24:06 [Message] thespookyone -> Chat: always do
2011-01-13 17:24:07 [Message] fib_1618 -> Chat: have an alternate count or two
2011-01-13 17:24:34 [Message] fib_1618 -> Chat: you know what's going to happen, don't you?
2011-01-13 17:24:44 [Message] fib_1618 -> Chat: what we'll probably see
2011-01-13 17:24:57 [Message] fib_1618 -> Chat: since you're probably not the only one playing with this price area
2011-01-13 17:25:17 [Message] fib_1618 -> Chat: that we're likely to blow through this area with a great deal of fireworks
2011-01-13 17:25:22 [Message] fib_1618 -> Chat: might not be tomorrow
2011-01-13 17:25:34 [Message] fib_1618 -> Chat: might be we'll only sneak up to this level and park just below it
2011-01-13 17:25:45 [Message] fib_1618 -> Chat: but we get into the meat of earnings season next week
2011-01-13 17:26:15 [Message] fib_1618 -> Chat: and I still maintain that this market is working more off of this information than anything else
2011-01-13 17:26:17 [Message] fib_1618 -> Chat: which reminds me
2011-01-13 17:26:22 [Message] fib_1618 -> Chat: how is Intel doing?
2011-01-13 17:26:35 [Message] thespookyone -> Chat: aapl earnings Tues should provide a move
2011-01-13 17:26:54 [Message] fib_1618 -> Chat: AAPL is likely to have powerful earnings on Tuesday
2011-01-13 17:27:00 [Message] thespookyone -> Chat: intel up 41 cents
2011-01-13 17:27:11 [Message] fib_1618 -> Chat: 2%?
2011-01-13 17:27:15 [Message] thespookyone -> Chat: yes
2011-01-13 17:27:26 [Message] fib_1618 -> Chat: that should carry over to IBM next week
2011-01-13 17:27:54 [Message] fib_1618 -> Chat: bottom line...next week is going to make a lot of people look really good...or look really bad
2011-01-13 17:28:04 [Message] thespookyone -> Chat: I was very sure we would gap up-but I feel that's where the muscle application needs to come in
2011-01-13 17:28:16 [Message] fib_1618 -> Chat: muscle?
2011-01-13 17:28:42 [Message] thespookyone -> Chat: yes, as you said, we've broken out, now we need to see the bulls push
2011-01-13 17:28:51 [Message] fib_1618 -> Chat: oh...gotcha
2011-01-13 17:29:07 [Message] thespookyone -> Chat: btw, I agree to the fukkest
2011-01-13 17:29:12 [Message] fib_1618 -> Chat: well...it does look that we're very close to another focal point here
2011-01-13 17:29:13 [Message] thespookyone -> Chat: fullest lol
2011-01-13 17:29:34 [Message] fib_1618 -> Chat: gee...I hope so...this is a family chat room lol
2011-01-13 17:29:41 [Message] thespookyone -> Chat: and, I will certainly abide by the decision
2011-01-13 17:29:47 [Message] thespookyone -> Chat: LOL
2011-01-13 17:29:51 [Message] fib_1618 -> Chat: OK...let's see what else we have to work with
2011-01-13 17:30:13 [Message] fib_1618 -> Chat: STVO's are still neutral
2011-01-13 17:30:31 [Message] fib_1618 -> Chat: VTO's are still indicating a strong uptrend in force
2011-01-13 17:30:58 [Message] fib_1618 -> Chat: CVI's are not close to being "overbought" and absorbed today's breather nicely
2011-01-13 17:31:12 [Message] fib_1618 -> Chat: NYSE TRIN at 1.31
2011-01-13 17:31:20 [Message] fib_1618 -> Chat: Open 10 at .94
2011-01-13 17:31:34 [Message] fib_1618 -> Chat: NASDAQ TRIN at .74
2011-01-13 17:31:50 [Message] fib_1618 -> Chat: Open 10 at .79 (overbought)
2011-01-13 17:32:00 [Message] fib_1618 -> Chat: TM TRIN at .88
2011-01-13 17:32:10 [Message] fib_1618 -> Chat: Open 10 at .83
2011-01-13 17:32:24 [Message] fib_1618 -> Chat: close enough to be minimally "overbought"
2011-01-13 17:32:29 [Message] fib_1618 -> Chat: so....
2011-01-13 17:32:38 [Message] fib_1618 -> Chat: the nod continues to go to the bulls
2011-01-13 17:33:06 [Message] fib_1618 -> Chat: and where a mini stampede would go a long way to strengthening the current configurations
2011-01-13 17:33:32 [Message] fib_1618 -> Chat: but can we see this happen with our being as "overbought" as we are on sn intermediate term basis?
2011-01-13 17:33:38 [Message] fib_1618 -> Chat: short term wise...we're fine
2011-01-13 17:34:06 [Message] fib_1618 -> Chat: so continuing to watch the direction and amplitude of the MCSUM's remain our focus
2011-01-13 17:34:31 [Message] fib_1618 -> Chat: 10 day OEX P/C ratio remains bullish
2011-01-13 17:35:04 [Message] fib_1618 -> Chat: not much more to add there...
2011-01-13 17:35:30 [Message] fib_1618 -> Chat: so let's take a quick peak at the industry charts to see who showing leadership
2011-01-13 17:35:39 [Message] fib_1618 -> Chat: for those who are new
2011-01-13 17:35:54 [Message] fib_1618 -> Chat: this is my personal series of charts that I keep at Stock Charts
2011-01-13 17:36:25 [Message] fib_1618 -> Chat: what we're trying to find is which industries are in a configuration compliment to that of breadth analysis...in this case - bullish
2011-01-13 17:36:45 [Message] fib_1618 -> Chat: ITA - Aerospace
2011-01-13 17:37:06 [Message] fib_1618 -> Chat: Banking sector remains bullish as well
2011-01-13 17:37:29 [Message] fib_1618 -> Chat: XBI - Biotech (which is probably helping the NDX)
2011-01-13 17:37:58 [Message] fib_1618 -> Chat: DBC - commodities
2011-01-13 17:38:23 [Message] fib_1618 -> Chat: I use a 20 day, 50 day, and 200 day EMA's for proper configurations
2011-01-13 17:38:48 [Message] fib_1618 -> Chat: XLY - Consumer Discretionary
2011-01-13 17:39:04 [Message] fib_1618 -> Chat: IYK - Cyclical too
2011-01-13 17:39:13 [Message] fib_1618 -> Chat: boy...you want to short this market?
2011-01-13 17:39:42 [Message] fib_1618 -> Chat: buy signal on the Euro today
2011-01-13 17:39:51 [Message] fib_1618 -> Chat: FXE
2011-01-13 17:40:04 [Message] fib_1618 -> Chat: DVY - Dividend stocks
2011-01-13 17:40:15 [Message] fib_1618 -> Chat: ummm...I'm not seeing any bearish charts here
2011-01-13 17:40:24 [Message] fib_1618 -> Chat: DIA
2011-01-13 17:40:32 [Message] fib_1618 -> Chat: IYT
2011-01-13 17:40:52 [Message] fib_1618 -> Chat: even clean energy is bullish - PBW
2011-01-13 17:41:19 [Message] fib_1618 -> Chat: natural gas continues to lag here
2011-01-13 17:42:00 [Message] fib_1618 -> Chat: health care and energy remain strong
2011-01-13 17:42:11 [Message] fib_1618 -> Chat: anyone go in with me on the home builders last month?
2011-01-13 17:42:42 [Message] fib_1618 -> Chat: XHB now up 15% since then
2011-01-13 17:43:03 [Message] fib_1618 -> Chat: so is construction...ITB
2011-01-13 17:43:11 [Message] fib_1618 -> Chat: and it's only the beginning there
2011-01-13 17:43:25 [Message] fib_1618 -> Chat: IYJ - industrials
2011-01-13 17:43:33 [Message] fib_1618 -> Chat: where is the weakness here for a top??
2011-01-13 17:43:38 [Message] fib_1618 -> Chat: please show me the weakness!
2011-01-13 17:44:05 [Message] fib_1618 -> Chat: IAH - Internet Architect
2011-01-13 17:44:39 [Message] fib_1618 -> Chat: check out GAF - Middle east and African stocks
2011-01-13 17:44:55 [Message] fib_1618 -> Chat: natural resources remain strong
2011-01-13 17:45:07 [Message] fib_1618 -> Chat: and why gold and silver just trend sideways in their current pause
2011-01-13 17:45:29 [Message] fib_1618 -> Chat: ahhh...found a weak one
2011-01-13 17:45:37 [Message] fib_1618 -> Chat: XRT - retail
2011-01-13 17:46:02 [Message] fib_1618 -> Chat: but that's after being up 27% in 2 months!
2011-01-13 17:46:34 [Message] fib_1618 -> Chat: got a SAR buy signal today on the SML
2011-01-13 17:46:49 [Message] fib_1618 -> Chat: breadth and volume should pick up tomorrow to confirm
2011-01-13 17:47:02 [Message] fib_1618 -> Chat: SMH - new highs there
2011-01-13 17:47:37 [Message] fib_1618 -> Chat: wow...look at the semi's go!
2011-01-13 17:48:09 [Message] fib_1618 -> Chat: would this be something consistent to a impending top?
2011-01-13 17:48:29 [Message] fib_1618 -> Chat: software as well
2011-01-13 17:49:10 [Message] fib_1618 -> Chat: buy signal on the NASDAQ today - NDAQ
2011-01-13 17:49:28 [Message] fib_1618 -> Chat: and the NYSE is starting to wake up - NYX
2011-01-13 17:50:13 [Message] fib_1618 -> Chat: airlines are trending sideways
2011-01-13 17:50:24 [Message] fib_1618 -> Chat: they just keep shooting themselves in the foot
2011-01-13 17:50:38 [Message] fib_1618 -> Chat: I don't understand the corporate mentality with that industry
2011-01-13 17:50:59 [Message] fib_1618 -> Chat: Broker/Dealers continue to move higher
2011-01-13 17:51:28 [Message] fib_1618 -> Chat: Casino's - which means...traders on betting on excess spendable cash
2011-01-13 17:51:40 [Message] fib_1618 -> Chat: chemicals
2011-01-13 17:51:54 [Message] fib_1618 -> Chat: even with the price of crude at $92?
2011-01-13 17:51:57 [Message] fib_1618 -> Chat: wow
2011-01-13 17:52:12 [Message] fib_1618 -> Chat: china broke out to the upside today - CZH
2011-01-13 17:52:46 [Message] fib_1618 -> Chat: Defense is doing well
2011-01-13 17:53:09 [Message] fib_1618 -> Chat: hmmmm - XNG is looking good here
2011-01-13 17:53:13 [Message] fib_1618 -> Chat: so which is it?
2011-01-13 17:53:30 [Message] fib_1618 -> Chat: UNG is right or XNG?
2011-01-13 17:54:08 [Message] fib_1618 -> Chat: the XAU remains soft and vulnerable
2011-01-13 17:54:14 [Message] fib_1618 -> Chat: needs to hold support at the 205 level
2011-01-13 17:54:37 [Message] fib_1618 -> Chat: still waiting for the 13 month cycle low for gold here...should be fairly soon
2011-01-13 17:55:23 [Message] fib_1618 -> Chat: anything to do with computing is hot right now
2011-01-13 17:56:16 [Message] fib_1618 -> Chat: Japan is in a strong uptrend
2011-01-13 17:56:29 [Message] fib_1618 -> Chat: Malaysia
2011-01-13 17:56:37 [Message] fib_1618 -> Chat: Mexico
2011-01-13 17:56:51 [Message] fib_1618 -> Chat: South Korea
2011-01-13 17:56:55 [Message] fib_1618 -> Chat: all doing well
2011-01-13 17:57:16 [Message] fib_1618 -> Chat: Sweden
2011-01-13 17:57:34 [Message] fib_1618 -> Chat: and Taiwan
2011-01-13 17:57:42 [Message] fib_1618 -> Chat: so...
2011-01-13 17:57:53 [Message] fib_1618 -> Chat: there's a lot of strong sectors right now
2011-01-13 17:58:03 [Message] fib_1618 -> Chat: the suggestion here is to take advantage of DP
2011-01-13 17:58:21 [Message] fib_1618 -> Chat: and look through the component charts of the sectors and see what's hot and go from there
2011-01-13 17:58:24 [Message] fib_1618 -> Chat: anything else?
2011-01-13 17:58:57 [Message] thespookyone -> Chat: thanks for the help
2011-01-13 17:59:09 [Message] fib_1618 -> Chat: well...just giving you another viewpoint
2011-01-13 17:59:09 [Message] tracca -> Chat: thank you indeed
2011-01-13 17:59:20 [Message] fib_1618 -> Chat: just remember
2011-01-13 17:59:24 [Message] thespookyone -> Chat: you know my mind is always open!
2011-01-13 17:59:30 [Message] fib_1618 -> Chat: no matter how you go about making money in the markets
2011-01-13 17:59:39 [Message] fib_1618 -> Chat: it's always best when you have uniformity
2011-01-13 18:00:10 [Message] fib_1618 -> Chat: without consistency between the internals and the externals it's not likely to be the correct interpretation
2011-01-13 18:00:23 [Message] fib_1618 -> Chat: but you really never know...do you?
2011-01-13 18:00:31 [Message] fib_1618 -> Chat: it's the game we all decided to play
2011-01-13 18:00:32 [Message] thespookyone -> Chat: never!
2011-01-13 18:00:40 [Message] fib_1618 -> Chat: OK...if there's nothing else
2011-01-13 18:00:47 [Message] fib_1618 -> Chat: everyone have a great weekend
2011-01-13 18:00:53 [Message] thespookyone -> Chat: when you are sure you do....LOOK OUT
2011-01-13 18:00:54 [Message] fib_1618 -> Chat: and we'll chat again on Tuesday
2011-01-13 18:00:54 [Message] tracca -> Chat: you too
2011-01-13 18:00:56 [Message] fib_1618 -> Chat: good night

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