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fib_1618

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Posts: 4,532
Reply with quote  #1 
2014-11-04 16:00:17 [Message] fib_1618 -> Chat: good day
2014-11-04 16:00:21 [Message] fib_1618 -> Chat: how is everyone?
2014-11-04 16:00:41 [Message] rite01 -> Chat: Great and you
2014-11-04 16:01:00 [Message] fib_1618 -> Chat: super
2014-11-04 16:01:16 [Message] rite01 -> Chat: Good to hear
2014-11-04 16:02:38 [Message] PrincelyM -> Chat: Hi Dave
2014-11-04 16:02:45 [Message] fib_1618 -> Chat: good evening sir
2014-11-04 16:02:59 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2014-11-04 16:05:06 [Message] PrincelyM -> Chat: How's that gold?
2014-11-04 16:05:10 [Message] fib_1618 -> Chat: [smile]
2014-11-04 16:05:12 [Message] fib_1618 -> Chat: having fun
2014-11-04 16:05:13 [Message] PrincelyM -> Chat: made a killing on miners
2014-11-04 16:05:23 [Message] fib_1618 -> Chat: it's been a fun week
2014-11-04 16:05:31 [Message] PrincelyM -> Chat: Yep
2014-11-04 16:05:32 [Message] fib_1618 -> Chat: looks like wave 4 currently
2014-11-04 16:05:43 [Message] fib_1618 -> Chat: one more break below .618 support at 1158
2014-11-04 16:05:46 [Message] PrincelyM -> Chat: Some sort of corrective - agree
2014-11-04 16:05:49 [Message] fib_1618 -> Chat: and that should finish this sequence
2014-11-04 16:05:53 [Message] rite01 -> Chat: Congrats to you both
2014-11-04 16:05:54 [Message] PrincelyM -> Chat: mostly likely 4
2014-11-04 16:06:12 [Message] fib_1618 -> Chat: did you see the confluence of $975?
2014-11-04 16:06:18 [Message] PrincelyM -> Chat: I am looking for a low soon - as I know you are....
2014-11-04 16:06:22 [Message] PrincelyM -> Chat: where - who knows
2014-11-04 16:06:32 [Message] PrincelyM -> Chat: Yes I did
2014-11-04 16:06:40 [Message] PrincelyM -> Chat: don't know if it does that low this time around
2014-11-04 16:06:47 [Message] fib_1618 -> Chat: well
2014-11-04 16:06:50 [Message] fib_1618 -> Chat: not tomorrow
2014-11-04 16:06:57 [Message] fib_1618 -> Chat: but maybe by year end
2014-11-04 16:07:07 [Message] PrincelyM -> Chat: Yes maybe
2014-11-04 16:07:13 [Message] rite01 -> Chat: Confluence?
2014-11-04 16:07:18 [Message] fib_1618 -> Chat: there's lots to trade right now
2014-11-04 16:07:22 [Message] PrincelyM -> Chat: maybe next year beginning - I favor this
2014-11-04 16:07:39 [Message] PrincelyM -> Chat: Crude also taken to the cleaners
2014-11-04 16:07:59 [Message] fib_1618 -> Chat: yes Mike...did you have a chance to read this past weekend's Weekly Breadth Review?
2014-11-04 16:08:35 [Message] rite01 -> Chat: Yes I'll go back over it after the session
2014-11-04 16:08:46 [Message] fib_1618 -> Chat: it's in the PM and XAU review
2014-11-04 16:09:03 [Message] rite01 -> Chat: Thanks
2014-11-04 16:09:14 [Message] fib_1618 -> Chat: the target is actually $986
2014-11-04 16:09:25 [Message] fib_1618 -> Chat: it's the downside target from the right angle triangle break
2014-11-04 16:09:44 [Message] fib_1618 -> Chat: and its also the .764 Fibonacci retracement target
2014-11-04 16:10:08 [Message] rite01 -> Chat: great
2014-11-04 16:10:13 [Message] fib_1618 -> Chat: and if you think about it
2014-11-04 16:10:33 [Message] fib_1618 -> Chat: any break below $1000 is liable to bring negative sentiment to a fever pitch
2014-11-04 16:10:48 [Message] fib_1618 -> Chat: but the bottom line is
2014-11-04 16:11:00 [Message] fib_1618 -> Chat: as long as the PM A/D lines continue to lead lower
2014-11-04 16:11:05 [Message] fib_1618 -> Chat: prices are going to follow
2014-11-04 16:12:37 [Message] fib_1618 -> Chat: OK...let's get SC up and see what's going on
2014-11-04 16:13:03 [Message] fib_1618 -> Chat: after moving to a higher high on Friday
2014-11-04 16:13:27 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO moved broke below the short term series of rising bottoms today
2014-11-04 16:13:52 [Message] fib_1618 -> Chat: which now completes our breadth thrust
2014-11-04 16:13:59 [Message] fib_1618 -> Chat: in rocket terms
2014-11-04 16:14:04 [Message] fib_1618 -> Chat: we have engine shut off
2014-11-04 16:14:36 [Message] fib_1618 -> Chat: and now prices are likely to continue in the direction of this thrust as the momentum of this same energy is used
2014-11-04 16:14:54 [Message] fib_1618 -> Chat: looking at the NYSE CO breadth MCSUM
2014-11-04 16:15:04 [Message] fib_1618 -> Chat: and we see that it closed just under its zero line today
2014-11-04 16:15:13 [Message] fib_1618 -> Chat: with a -16 reading
2014-11-04 16:15:33 [Message] fib_1618 -> Chat: with the amount of strength we've had over the last two weeks
2014-11-04 16:15:50 [Message] fib_1618 -> Chat: it's highly probable that we'll be able to move above this zero line as soon as tomorrow
2014-11-04 16:15:56 [Message] fib_1618 -> Chat: and for this to happen
2014-11-04 16:16:06 [Message] fib_1618 -> Chat: we will need to see an higher MCO reading to accompany it
2014-11-04 16:16:16 [Message] fib_1618 -> Chat: not a new high
2014-11-04 16:16:22 [Message] fib_1618 -> Chat: but just a bounce higher
2014-11-04 16:16:59 [Message] fib_1618 -> Chat: another technical challenge also awaits us above this MCSUM zero line
2014-11-04 16:17:13 [Message] fib_1618 -> Chat: where the declining tops line of the CO MCSUM crosses at just about the +100 level
2014-11-04 16:17:17 [Message] fib_1618 -> Chat: so for the buyers
2014-11-04 16:17:37 [Message] fib_1618 -> Chat: in order to clear both of these hurdles
2014-11-04 16:17:54 [Message] fib_1618 -> Chat: the MCO will need to stay above its first reaction low after crossing above its zero line
2014-11-04 16:18:17 [Message] fib_1618 -> Chat: and that would be the lows of around October 20th
2014-11-04 16:18:40 [Message] fib_1618 -> Chat: at this point
2014-11-04 16:18:49 [Message] fib_1618 -> Chat: we're finally getting our "pause to refresh"
2014-11-04 16:19:06 [Message] fib_1618 -> Chat: but with so much amplitude we've had so far
2014-11-04 16:19:18 [Message] fib_1618 -> Chat: this pause should continue to be short and shallow
2014-11-04 16:19:48 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2014-11-04 16:19:55 [Message] fib_1618 -> Chat: and here we see the very same formation
2014-11-04 16:20:05 [Message] fib_1618 -> Chat: though when looking at the NYSE Composite breadth MCSUM
2014-11-04 16:20:31 [Message] fib_1618 -> Chat: we see that the interest sensitive issues are leading the pack higher during this sequence
2014-11-04 16:21:10 [Message] fib_1618 -> Chat: we also saw that this past weekend where we had the NYSE REIT A/D line join the Bond CEF and Preferred A/D lines at new all time highs
2014-11-04 16:21:34 [Message] fib_1618 -> Chat: putting ruler to monitor here
2014-11-04 16:21:53 [Message] fib_1618 -> Chat: and it would appear that we closed just above this MCSUM's declining tops line
2014-11-04 16:22:02 [Message] fib_1618 -> Chat: so let me verify this...one sec
2014-11-04 16:22:34 [Message] fib_1618 -> Chat: nope...we're just below it
2014-11-04 16:22:51 [Message] fib_1618 -> Chat: so this would allow for another day of digestion here
2014-11-04 16:23:07 [Message] fib_1618 -> Chat: and then our breakout to the upside to occur probably on Thursday
2014-11-04 16:23:14 [Message] fib_1618 -> Chat: as we have seen in the past all too often
2014-11-04 16:23:26 [Message] fib_1618 -> Chat: the market tends to lead off on the jobs report the day before it's reported
2014-11-04 16:23:46 [Message] fib_1618 -> Chat: so this would fit the expectation on when this break is likely to occur
2014-11-04 16:24:08 [Message] fib_1618 -> Chat: pretty much the same structure with the NASDAQ breadth MCO
2014-11-04 16:24:42 [Message] fib_1618 -> Chat: with the NASDAQ breadth MCSUM closing right on its declining tops line today
2014-11-04 16:24:51 [Message] fib_1618 -> Chat: the important message being
2014-11-04 16:25:00 [Message] fib_1618 -> Chat: that both exchanges are in sync right now
2014-11-04 16:25:35 [Message] fib_1618 -> Chat: as both are now a day away from being able to solidly change the direction of money from down to up
2014-11-04 16:25:54 [Message] fib_1618 -> Chat: and with such breaks of trend
2014-11-04 16:26:19 [Message] fib_1618 -> Chat: they are usually seen with a high degree of excitement
2014-11-04 16:26:55 [Message] fib_1618 -> Chat: looking at today's price bars on the NYA and NASDAQ
2014-11-04 16:27:20 [Message] fib_1618 -> Chat: and so far we have only attempted to fill the recent gap from last week today
2014-11-04 16:27:55 [Message] fib_1618 -> Chat: and in the case of the NASDAQ
2014-11-04 16:28:14 [Message] fib_1618 -> Chat: would also satisfy a simple snapback to what were the old recovery highs
2014-11-04 16:28:46 [Message] fib_1618 -> Chat: moving to the NDX breadth MCO
2014-11-04 16:28:54 [Message] fib_1618 -> Chat: and here we also pulled back a bit today
2014-11-04 16:29:00 [Message] fib_1618 -> Chat: but we remain in a rising configuration
2014-11-04 16:29:40 [Message] fib_1618 -> Chat: we'll also note that the observation of a high level price consolidation from last Thursday did indeed break to the upside
2014-11-04 16:30:07 [Message] fib_1618 -> Chat: with today's pullback providing an opportunity to test this same breakout to new recovery highs
2014-11-04 16:30:41 [Message] fib_1618 -> Chat: and with the NDX breadth MCSUM leading the rest to the upside right now
2014-11-04 16:31:15 [Message] fib_1618 -> Chat: this is still the index to look to as providing leadership for the rest of the domestic markets
2014-11-04 16:31:45 [Message] fib_1618 -> Chat: probably on the back of technology as suggested by last weeks bullish pattern in the XLK
2014-11-04 16:32:36 [Message] fib_1618 -> Chat: we finally saw exhaustion in the SPX breadth MCO
2014-11-04 16:32:52 [Message] fib_1618 -> Chat: though as long as it remains above the mid September lows
2014-11-04 16:33:06 [Message] fib_1618 -> Chat: prices will continue to trend higher
2014-11-04 16:33:29 [Message] fib_1618 -> Chat: putting ruler to monitor
2014-11-04 16:33:48 [Message] fib_1618 -> Chat: and we see that the SPX breadth MCSUM is now within 2 days of breaking above its declining tops line
2014-11-04 16:33:50 [Message] fib_1618 -> Chat: no less
2014-11-04 16:34:03 [Message] fib_1618 -> Chat: being able to move up and through the important +500 level
2014-11-04 16:34:42 [Message] fib_1618 -> Chat: with any firmness on Wednesday meeting this goal
2014-11-04 16:35:23 [Message] fib_1618 -> Chat: the OEX breadth MCSUM is knocking on the +500 door currently with a +490 reading
2014-11-04 16:35:30 [Message] fib_1618 -> Chat: and interestingly enough
2014-11-04 16:35:45 [Message] fib_1618 -> Chat: prices are currently challenging their all time highs
2014-11-04 16:36:20 [Message] fib_1618 -> Chat: any break above the +500 MCSUM threshold then would make it quite easy for prices to take out the current high points in prices
2014-11-04 16:36:30 [Message] fib_1618 -> Chat: and...this can be done as soon as tomorrow
2014-11-04 16:36:59 [Message] fib_1618 -> Chat: even the Dow breadth MCSUM is within striking distance of the +500 level
2014-11-04 16:37:10 [Message] fib_1618 -> Chat: as the Dow broke to new all time price highs on Friday
2014-11-04 16:37:31 [Message] fib_1618 -> Chat: now...at face value
2014-11-04 16:37:55 [Message] fib_1618 -> Chat: the current appearance of prices in the 1 year Dow chart we're looking at here
2014-11-04 16:38:15 [Message] fib_1618 -> Chat: is following the path of an inverted symmetrical triangle
2014-11-04 16:38:26 [Message] fib_1618 -> Chat: also known as a broadening top formation
2014-11-04 16:38:38 [Message] fib_1618 -> Chat: the problem though with chart patterns like this one
2014-11-04 16:38:57 [Message] fib_1618 -> Chat: is that they need to have daily volume confirming such structures for them to have any validity
2014-11-04 16:39:01 [Message] fib_1618 -> Chat: or to be more blunt
2014-11-04 16:39:27 [Message] fib_1618 -> Chat: to separate what we think looks like from that of what it really is
2014-11-04 16:39:32 [Message] fib_1618 -> Chat: give me a moment to check the volume
2014-11-04 16:40:05 [Message] fib_1618 -> Chat: one thing about broadening tops
2014-11-04 16:40:57 [Message] fib_1618 -> Chat: is that the final move to a higher high is usually swift as we see here
2014-11-04 16:41:08 [Message] fib_1618 -> Chat: but it also has the greatest amount of volume behind it
2014-11-04 16:41:19 [Message] fib_1618 -> Chat: as it would make sense that during the topping phase
2014-11-04 16:41:37 [Message] fib_1618 -> Chat: the majority of the market's traders would throw in the towel during the final run up
2014-11-04 16:41:47 [Message] fib_1618 -> Chat: so looking at the daily volume numbers on the Dow
2014-11-04 16:42:02 [Message] fib_1618 -> Chat: and we're seeing below average volume
2014-11-04 16:42:04 [Message] fib_1618 -> Chat: so...
2014-11-04 16:42:13 [Message] fib_1618 -> Chat: we know it's not a broadening top
2014-11-04 16:42:18 [Message] fib_1618 -> Chat: now...
2014-11-04 16:42:25 [Message] fib_1618 -> Chat: it could be inverted triangle though
2014-11-04 16:42:35 [Message] fib_1618 -> Chat: where volume tends to dry up on the final run up
2014-11-04 16:42:47 [Message] fib_1618 -> Chat: but as we noted already
2014-11-04 16:42:51 [Message] fib_1618 -> Chat: it's only below average
2014-11-04 16:42:57 [Message] fib_1618 -> Chat: and not running on fumes either
2014-11-04 16:43:01 [Message] fib_1618 -> Chat: aside from that
2014-11-04 16:43:57 [Message] fib_1618 -> Chat: we do have confirmation that we have more than enough of a thrust to keep prices from peaking and then curling back to the downside as a water rockets would do when we played with them as kids
2014-11-04 16:44:17 [Message] fib_1618 -> Chat: so if there any discussions on this
2014-11-04 16:44:44 [Message] fib_1618 -> Chat: it will likely be on a cursory view
2014-11-04 16:45:04 [Message] fib_1618 -> Chat: and have nothing to show to help confirm the idea with daily volume
2014-11-04 16:45:38 [Message] fib_1618 -> Chat: the MID breadth MCO also pulled back today
2014-11-04 16:45:45 [Message] fib_1618 -> Chat: but it too remains above its mid September lows
2014-11-04 16:45:55 [Message] fib_1618 -> Chat: looking at the MID breadth MCSUM
2014-11-04 16:46:10 [Message] fib_1618 -> Chat: and we see here that we have moved up and through the +250 level today
2014-11-04 16:46:46 [Message] fib_1618 -> Chat: and are only a day or so away from challenging its declining tops line
2014-11-04 16:47:13 [Message] fib_1618 -> Chat: notice how the market, in force, is within the vicinity now of challenging their respected MCSUM declining tops lines
2014-11-04 16:47:50 [Message] fib_1618 -> Chat: this shows us that the market is indeed trending to the upside as the market, as a whole, is reaching important technical junctures at approximately the same time
2014-11-04 16:48:07 [Message] fib_1618 -> Chat: which makes any break above these resistance areas that much more potent
2014-11-04 16:48:16 [Message] fib_1618 -> Chat: or on the flip side
2014-11-04 16:48:53 [Message] fib_1618 -> Chat: that much important if they DO NOT simultaneously break above these same lines of resistance (or breaking below lines of support)
2014-11-04 16:49:16 [Message] fib_1618 -> Chat: as we expected on Thursday
2014-11-04 16:49:42 [Message] fib_1618 -> Chat: the SML price index was able to move above its reaction highs of early September on Friday
2014-11-04 16:49:55 [Message] fib_1618 -> Chat: and has now snapped back to this same break point
2014-11-04 16:50:15 [Message] fib_1618 -> Chat: also of note
2014-11-04 16:50:46 [Message] fib_1618 -> Chat: is that this break to new highs happened simultaneously as the SML breadth MCSUM moved up and through its zero line
2014-11-04 16:51:06 [Message] fib_1618 -> Chat: and we knew that this was going to happen in Thursday because...?
2014-11-04 16:51:22 [Message] fib_1618 -> Chat: yes...the SML breadth MCO made a higher high that same day
2014-11-04 16:51:36 [Message] fib_1618 -> Chat: in this business the internals must all work together to achieve a common  technical price goal
2014-11-04 16:51:55 [Message] fib_1618 -> Chat: and it must happen without any excuses to do so
2014-11-04 16:52:07 [Message] fib_1618 -> Chat: as this is money talking here
2014-11-04 16:52:14 [Message] fib_1618 -> Chat: and NOT what "they say" at the next FED meeting
2014-11-04 16:52:34 [Message] fib_1618 -> Chat: or what the next move will be by the Japanese on interest rates
2014-11-04 16:53:00 [Message] fib_1618 -> Chat: these kinds of news events are provided to allow everyone to understand why something happened
2014-11-04 16:53:07 [Message] fib_1618 -> Chat: but as technicians
2014-11-04 16:53:15 [Message] fib_1618 -> Chat: we saw these breakouts coming for days...even weeks in advance
2014-11-04 16:53:45 [Message] fib_1618 -> Chat: and the TM breadth MCSUM is now just below its zero line and about to change control from sellers to buyers
2014-11-04 16:53:57 [Message] fib_1618 -> Chat: as we expected on Thursday that this would probably come by today
2014-11-04 16:54:04 [Message] fib_1618 -> Chat: so....
2014-11-04 16:54:43 [Message] fib_1618 -> Chat: between many of the breadth MCSUM's now within a day or two of challenging directly their series of declining tops
2014-11-04 16:54:53 [Message] fib_1618 -> Chat: and with other MCSUM's just below their zero lines
2014-11-04 16:55:15 [Message] fib_1618 -> Chat: it would appear that something dramatic is about to happen again in equity prices
2014-11-04 16:55:33 [Message] fib_1618 -> Chat: and with the momentum of the breadth thrusts we've had over the last two weeks
2014-11-04 16:55:48 [Message] fib_1618 -> Chat: the odds are suggesting that this "drama" is likely to be to the upside
2014-11-04 16:56:55 [Message] fib_1618 -> Chat: let's look at the volume McClellan's
2014-11-04 16:57:30 [Message] fib_1618 -> Chat: now here we have a bit of a problem as to the market's near term intentions
2014-11-04 16:57:47 [Message] fib_1618 -> Chat: as both the NYSE CO and Composite volume MCSUM's are only now at their zero lines
2014-11-04 16:58:22 [Message] fib_1618 -> Chat: and since it's volume that actually drives the price boat on the lake of liquidity
2014-11-04 16:58:42 [Message] fib_1618 -> Chat: in order for the breadth MCSUM's to break above their resistance areas previously mentioned
2014-11-04 16:59:06 [Message] fib_1618 -> Chat: it will have to come from an increase in the intermediate trend of volume plurality, as measured by the MCSUM, in order for this to happen
2014-11-04 16:59:09 [Message] fib_1618 -> Chat: so in this area
2014-11-04 17:00:50 [Message] fib_1618 -> Chat: even the intermediate trend of up volume over down volume is on the doorstep in finding out who will either keep or gain total control of the direction in prices
2014-11-04 17:00:54 [Message] fib_1618 -> Chat: so...
2014-11-04 17:01:04 [Message] fib_1618 -> Chat: with any break in prices above these resistance points
2014-11-04 17:01:26 [Message] fib_1618 -> Chat: we should see better than average volume with this challenge in order for it to succeed
2014-11-04 17:01:56 [Message] fib_1618 -> Chat: now moving to the NASDAQ volume MCSUM
2014-11-04 17:02:26 [Message] fib_1618 -> Chat: and you can see the difference between the two exchanges in noting where money is actually moving in with greater conviction
2014-11-04 17:02:40 [Message] fib_1618 -> Chat: as this MCSUM has a reading of +352
2014-11-04 17:03:02 [Message] fib_1618 -> Chat: and thereby leading breadth to the upside
2014-11-04 17:03:39 [Message] fib_1618 -> Chat: it is this conviction then that will drive the price average of the NASDAQ Composite to higher and higher highs with greater relative ease than that of the NYA
2014-11-04 17:03:46 [Message] fib_1618 -> Chat: and once again
2014-11-04 17:03:59 [Message] fib_1618 -> Chat: this shows up in the differences in the two averages
2014-11-04 17:04:06 [Message] fib_1618 -> Chat: with the NASDAQ at new recovery highs
2014-11-04 17:04:17 [Message] fib_1618 -> Chat: while the NYA has only retracement some 75% of its October decline
2014-11-04 17:04:25 [Message] fib_1618 -> Chat: so, yes, volume makes a difference
2014-11-04 17:04:34 [Message] fib_1618 -> Chat: or more to the point
2014-11-04 17:04:45 [Message] fib_1618 -> Chat: volume PLURALITY makes a difference
2014-11-04 17:05:03 [Message] fib_1618 -> Chat: as it's not the quantity of volume that matters
2014-11-04 17:05:18 [Message] fib_1618 -> Chat: it's the QUALITY volume that does
2014-11-04 17:05:42 [Message] fib_1618 -> Chat: the NDX volume MCSUM is in total sync with its breadth cousin
2014-11-04 17:06:21 [Message] fib_1618 -> Chat: and this makes it easier for prices to show better gains on up days and shallower loses on down days
2014-11-04 17:07:35 [Message] fib_1618 -> Chat: the SPX volume MCSUM is also in sync with breadth right now
2014-11-04 17:07:46 [Message] fib_1618 -> Chat: while the OEX volume MCSUM is leading breadth to the upside
2014-11-04 17:08:04 [Message] fib_1618 -> Chat: in order to have strong trends develop and maintain their character
2014-11-04 17:08:12 [Message] fib_1618 -> Chat: we need to see volume either leading breadth
2014-11-04 17:08:20 [Message] fib_1618 -> Chat: or at least keeping up with its pace
2014-11-04 17:08:27 [Message] fib_1618 -> Chat: this is another reason why the NYA is lagging
2014-11-04 17:08:43 [Message] fib_1618 -> Chat: as Composite volume is not keeping up to the pace of the NYSE Composite
2014-11-04 17:08:46 [Message] fib_1618 -> Chat: but with the common stocks
2014-11-04 17:08:52 [Message] fib_1618 -> Chat: it's pretty much on target
2014-11-04 17:08:55 [Message] fib_1618 -> Chat: again
2014-11-04 17:09:06 [Message] fib_1618 -> Chat: we're only talking slight differences here
2014-11-04 17:09:36 [Message] fib_1618 -> Chat: but they help us when we try to allocate our money
2014-11-04 17:10:07 [Message] fib_1618 -> Chat: the MID volume MCSUM moved up and through its zero line today
2014-11-04 17:10:16 [Message] fib_1618 -> Chat: with the SML volume MCSUM running close behind
2014-11-04 17:10:36 [Message] fib_1618 -> Chat: but more importantly
2014-11-04 17:10:46 [Message] fib_1618 -> Chat: both are trailing the direction of breadth right now
2014-11-04 17:11:12 [Message] fib_1618 -> Chat: and this is why we keep saying that the buyers still have work to do before we can run on "cruise control"
2014-11-04 17:11:41 [Message] fib_1618 -> Chat: now when we look at the TM volume MCSUM
2014-11-04 17:11:50 [Message] fib_1618 -> Chat: we know that the breadth side is at the zero line
2014-11-04 17:12:05 [Message] fib_1618 -> Chat: so it's a good thing for the buyers that we're seeing upside leadership there
2014-11-04 17:12:12 [Message] fib_1618 -> Chat: and based on the charts we've reviewed
2014-11-04 17:12:23 [Message] fib_1618 -> Chat: this strength is coming primarily from the large caps
2014-11-04 17:12:43 [Message] fib_1618 -> Chat: though liquidity is more than ample in the SML and MID, we're still in need for a bit more conviction to really get this sequence underway
2014-11-04 17:13:28 [Message] fib_1618 -> Chat: and we're now a day or two away from seeing this either taking place or failing
2014-11-04 17:13:31 [Message] fib_1618 -> Chat: so...
2014-11-04 17:13:55 [Message] fib_1618 -> Chat: money flow remains strong currently
2014-11-04 17:14:34 [Message] fib_1618 -> Chat: though we still need to see a bit more buy side conviction to get this thing moving into a higher gear
2014-11-04 17:15:30 [Message] fib_1618 -> Chat: CVI's continue to maintain a complex bullish structure above their zero lines
2014-11-04 17:15:40 [Message] fib_1618 -> Chat: the STVO's continue to be "overbought"
2014-11-04 17:16:02 [Message] fib_1618 -> Chat: while the VTO's are now within a day or two of seeing "overbought" numbers of their own
2014-11-04 17:16:24 [Message] fib_1618 -> Chat: looks like we're leading up to some sort of great fanfare moving into Friday's jobs numbers
2014-11-04 17:16:55 [Message] fib_1618 -> Chat: where next week is shaping up to be a time in which we'll probably see some high level price consolidation take place
2014-11-04 17:17:13 [Message] fib_1618 -> Chat: NYSE TRIN at 1.46
2014-11-04 17:17:23 [Message] fib_1618 -> Chat: Open 10 at 1.04
2014-11-04 17:17:30 [Message] fib_1618 -> Chat: so back to minimally "oversold" again
2014-11-04 17:17:44 [Message] fib_1618 -> Chat: NASDAQ TRIN at .93
2014-11-04 17:18:04 [Message] fib_1618 -> Chat: and the Open 10 starting to back off here from being "overbought" to a .86 reading
2014-11-04 17:18:14 [Message] fib_1618 -> Chat: yes..looks as though that we're "correcting on the fly" now
2014-11-04 17:18:27 [Message] fib_1618 -> Chat: TM TRIN at 1.03
2014-11-04 17:18:44 [Message] fib_1618 -> Chat: Open 10 at .91 neutral
2014-11-04 17:18:53 [Message] fib_1618 -> Chat: so....
2014-11-04 17:19:13 [Message] fib_1618 -> Chat: it would appear that we have finally found a way to take a breather
2014-11-04 17:19:27 [Message] fib_1618 -> Chat: but it doesn't look like it's going to last more than another day
2014-11-04 17:20:10 [Message] fib_1618 -> Chat: before we see another more concerted effort to move the rest of the major market indices above, or at least, to challenge their summer highs points
2014-11-04 17:20:18 [Message] fib_1618 -> Chat: all depending on what we get during this effort
2014-11-04 17:20:40 [Message] fib_1618 -> Chat: will determine what it likely to happen during next week
2014-11-04 17:21:15 [Message] fib_1618 -> Chat: where we might see a period of digestion to allow the MCO's to move back to their zero lines
2014-11-04 17:21:29 [Message] fib_1618 -> Chat: and from there another impulse to the upside would then take place
2014-11-04 17:21:42 [Message] fib_1618 -> Chat: and maybe peaking into November OPEX
2014-11-04 17:22:00 [Message] fib_1618 -> Chat: which is on the 21st
2014-11-04 17:22:08 [Message] fib_1618 -> Chat: at this point though
2014-11-04 17:22:20 [Message] fib_1618 -> Chat: let's continue to look for any surprises to be on the upside
2014-11-04 17:22:43 [Message] fib_1618 -> Chat: and hopefully on Thursday we'll have a better handle on what to expect for next week
2014-11-04 17:22:47 [Message] fib_1618 -> Chat: anything else?
2014-11-04 17:22:56 [Message] fib_1618 -> Chat: checking the BETS
2014-11-04 17:22:58 [Message] fib_1618 -> Chat: one moment
2014-11-04 17:24:13 [Message] fib_1618 -> Chat: still at -20
2014-11-04 17:24:24 [Message] fib_1618 -> Chat: the NAUD and NYAD lines moved back into bullish configurations today
2014-11-04 17:25:30 [Message] fib_1618 -> Chat: watch the metals here
2014-11-04 17:25:46 [Message] fib_1618 -> Chat: as they are not finished collapsing
2014-11-04 17:25:55 [Message] rite01 -> Chat: Gold to 1100? 
2014-11-04 17:26:05 [Message] fib_1618 -> Chat: couldn't even muster the strength to snapback to 1200 on gold
2014-11-04 17:26:14 [Message] fib_1618 -> Chat: and that's not good news for the gold bugs
2014-11-04 17:26:16 [Message] fib_1618 -> Chat: yes...
2014-11-04 17:26:26 [Message] fib_1618 -> Chat: $1100 is the price target from the symmetrical triangle
2014-11-04 17:26:37 [Message] rite01 -> Chat: Right
2014-11-04 17:26:43 [Message] fib_1618 -> Chat: and $985 for the right angle triangle
2014-11-04 17:27:06 [Message] fib_1618 -> Chat: let me check silver
2014-11-04 17:27:31 [Message] fib_1618 -> Chat: triangle on the daily
2014-11-04 17:28:09 [Message] fib_1618 -> Chat: for those who are looking for a short entry
2014-11-04 17:28:17 [Message] fib_1618 -> Chat: let's hope for another day of congestion
2014-11-04 17:28:22 [Message] fib_1618 -> Chat: if it's an inside range day
2014-11-04 17:28:36 [Message] fib_1618 -> Chat: that should set up the downside thrust on Thursday
2014-11-04 17:28:52 [Message] rite01 -> Chat: good to know
2014-11-04 17:30:02 [Message] fib_1618 -> Chat: downside for silver about $13
2014-11-04 17:30:48 [Message] fib_1618 -> Chat: longer term downside chart support is around those levels as well
2014-11-04 17:30:58 [Message] fib_1618 -> Chat: we'll see how it goes
2014-11-04 17:31:04 [Message] fib_1618 -> Chat: questions?
2014-11-04 17:31:10 [Message] fib_1618 -> Chat: answers? [smile]
2014-11-04 17:31:24 [Message] fib_1618 -> Chat: mindless dribble?
2014-11-04 17:31:49 [Message] rite01 -> Chat: Know I can do that mindless stuff with the best of them
2014-11-04 17:31:57 [Message] fib_1618 -> Chat: [smile]
2014-11-04 17:32:16 [Message] fib_1618 -> Chat: OK...then I'm going to call it a day
2014-11-04 17:32:23 [Message] fib_1618 -> Chat: everyone have a great couple of days
2014-11-04 17:32:31 [Message] fib_1618 -> Chat: and we'll see how things are going on Thursday
2014-11-04 17:32:32 [Message] hawk5734 -> Chat: thanks Fib
2014-11-04 17:32:33 [Message] fib_1618 -> Chat: good night
2014-11-04 17:32:42 [Message] hawk5734 -> Chat: good night all
2014-11-04 17:34:12 [Message] rite01 -> Chat: good night Dave, hawk and all!

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