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Posts: 4,883
Reply with quote  #1 
2013-11-05 16:00:10 [Message] fib_1618 -> Chat: good day
2013-11-05 16:00:14 [Message] fib_1618 -> Chat: how is everyone
2013-11-05 16:02:24 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2013-11-05 16:03:39 [Message] orange -> Chat: seems a bit empty today!
2013-11-05 16:04:16 [Message] fib_1618 -> Chat: yea...for some reason
2013-11-05 16:04:32 [Message] fib_1618 -> Chat: people drop in during declines more than advances or consolidations
2013-11-05 16:04:41 [Message] fib_1618 -> Chat: I guess it's the excitement of it all
2013-11-05 16:06:51 [Message] orange -> Chat: Been looking for new places to invest
2013-11-05 16:07:11 [Message] fib_1618 -> Chat: well...
2013-11-05 16:07:18 [Message] fib_1618 -> Chat: there's always something out there
2013-11-05 16:07:31 [Message] fib_1618 -> Chat: the beauty of today's market is that you can bet in both directions
2013-11-05 16:07:45 [Message] fib_1618 -> Chat: something you couldn't do prior to 2003 (by and large)
2013-11-05 16:07:56 [Message] orange -> Chat: OH yea,
2013-11-05 16:08:18 [Message] fib_1618 -> Chat: OK...let's get DP up and see what's going on
2013-11-05 16:08:46 [Message] fib_1618 -> Chat: after bouncing off the -25 level and snapping back to the zero line
2013-11-05 16:08:53 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO moved lower today
2013-11-05 16:09:08 [Message] fib_1618 -> Chat: but remains all so slightly above the recent lows
2013-11-05 16:09:25 [Message] fib_1618 -> Chat: looking at the components
2013-11-05 16:09:32 [Message] fib_1618 -> Chat: and we see that both still remain above their zero lines
2013-11-05 16:09:46 [Message] fib_1618 -> Chat: so we continue to work with a correctional sequence at this time
2013-11-05 16:09:56 [Message] fib_1618 -> Chat: meanwhile
2013-11-05 16:10:08 [Message] fib_1618 -> Chat: the CO NYSE breadth MCSUM continues to move lower
2013-11-05 16:10:21 [Message] fib_1618 -> Chat: but not with a lot of conviction
2013-11-05 16:10:42 [Message] fib_1618 -> Chat: this would indicate that though there might be more selling than buying right now
2013-11-05 16:11:03 [Message] fib_1618 -> Chat: it's not nearly enough to make a big difference as far as the direction of prices themselves
2013-11-05 16:11:11 [Message] fib_1618 -> Chat: and why we continue to move net sideways in the NYA
2013-11-05 16:11:44 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2013-11-05 16:12:00 [Message] fib_1618 -> Chat: and here we have the same kind of breakdown and snapback action as we saw with the CO MCO
2013-11-05 16:12:05 [Message] fib_1618 -> Chat: but we moved to lower lows today
2013-11-05 16:12:21 [Message] fib_1618 -> Chat: and in doing so
2013-11-05 16:12:47 [Message] fib_1618 -> Chat: we have made a clean break now of the spike support seen back in October
2013-11-05 16:13:13 [Message] fib_1618 -> Chat: the NYSE breadth MCO components also remain above their zero line for now
2013-11-05 16:13:40 [Message] fib_1618 -> Chat: while the NYSE Composite breadth MCSUM continues to remain above the +500 level
2013-11-05 16:13:57 [Message] fib_1618 -> Chat: in what looks to be, at least so far, a snapback to or toward this same +500 level
2013-11-05 16:14:10 [Message] fib_1618 -> Chat: in order for prices in the NYA to actually move out of this consolidation
2013-11-05 16:14:28 [Message] fib_1618 -> Chat: we will need to see the sellers show enough strength to move the MCO below the -25 level
2013-11-05 16:14:44 [Message] fib_1618 -> Chat: and this would then clear the way for the MCSUM to break below the +500 level
2013-11-05 16:15:14 [Message] fib_1618 -> Chat: looking back the NYSE MCO
2013-11-05 16:15:23 [Message] fib_1618 -> Chat: and taking ruler to monitor
2013-11-05 16:15:51 [Message] fib_1618 -> Chat: and we see that we remain above a rising bottoms line that we connect between the August and October lows
2013-11-05 16:16:11 [Message] fib_1618 -> Chat: this line intersects at around the -40 level
2013-11-05 16:16:18 [Message] fib_1618 -> Chat: so until this area is violated
2013-11-05 16:16:37 [Message] fib_1618 -> Chat: the bulls continue to have the balance of power on an intermediate term basis
2013-11-05 16:16:53 [Message] fib_1618 -> Chat: and this would be reflected in the pattern of the NYSE breadth MCSUM itself
2013-11-05 16:17:09 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO
2013-11-05 16:17:57 [Message] fib_1618 -> Chat: and we see that yesterday's technical bounce higher didn't quite have the kind conviction that the bulls would want to see at this juncture
2013-11-05 16:18:19 [Message] fib_1618 -> Chat: and when we look at the components
2013-11-05 16:18:49 [Message] fib_1618 -> Chat: we see that this inherent weakness shows up in the 10% Trend's lack of being above to move much above its zero line
2013-11-05 16:19:11 [Message] fib_1618 -> Chat: putting ruler to monitor here
2013-11-05 16:19:51 [Message] fib_1618 -> Chat: and we see that the short term rising bottoms line on the NASDAQ breadth MCO intersects at around the +275 level
2013-11-05 16:20:17 [Message] fib_1618 -> Chat: and being that we settled today at a +330
2013-11-05 16:20:37 [Message] fib_1618 -> Chat: any kind of market breakdown near term would certainly be able to break below this same line of support
2013-11-05 16:20:53 [Message] fib_1618 -> Chat: and this would then open the door to another zero line challenge on the NASDAQ MCSUM
2013-11-05 16:21:05 [Message] fib_1618 -> Chat: structure wise
2013-11-05 16:21:34 [Message] fib_1618 -> Chat: these kinds of ascending double top patterns in the MCSUM tell us that the bulls would like to keep the ball rolling
2013-11-05 16:22:08 [Message] fib_1618 -> Chat: but have found it difficult to build any upside momentum behind this
2013-11-05 16:22:38 [Message] fib_1618 -> Chat: and we then have to bring balance back to the market again so that one side can then attempt to gain, or in this case regain, control of the action
2013-11-05 16:23:14 [Message] fib_1618 -> Chat: after attempting to snapback toward its zero line on Monday
2013-11-05 16:23:22 [Message] fib_1618 -> Chat: the NDX breadth MCO also moved to lower lows today
2013-11-05 16:23:38 [Message] fib_1618 -> Chat: and we now have a well defined small series of tops beneath tops controlling the pattern
2013-11-05 16:24:02 [Message] fib_1618 -> Chat: this, of course, suggests that sellers have short term control of the action right now
2013-11-05 16:24:18 [Message] fib_1618 -> Chat: but when we look at the NDX components
2013-11-05 16:24:28 [Message] fib_1618 -> Chat: we see that though the sellers may have the upper hand
2013-11-05 16:25:01 [Message] fib_1618 -> Chat: it's nowhere near enough at this stage to actually be a trigger to where prices themselves can decline in an important way
2013-11-05 16:25:09 [Message] fib_1618 -> Chat: and so...
2013-11-05 16:25:26 [Message] fib_1618 -> Chat: just like majority of the time when we see this kind of conflict between the MCO and it's components
2013-11-05 16:25:45 [Message] fib_1618 -> Chat: prices will tend to trend sideways until one side has a better grip on the situation
2013-11-05 16:26:05 [Message] fib_1618 -> Chat: in fact
2013-11-05 16:26:26 [Message] fib_1618 -> Chat: one could even say that the current price sequence looks more like it's "waiting for something" right now
2013-11-05 16:26:34 [Message] fib_1618 -> Chat: could be the jobs numbers on Friday
2013-11-05 16:26:37 [Message] fib_1618 -> Chat: could be something else
2013-11-05 16:26:59 [Message] fib_1618 -> Chat: but there enough in the way of indecision between not only buyers and sellers, but also on a trending basis, that prices are literally locked in right now
2013-11-05 16:27:42 [Message] fib_1618 -> Chat: and will only be able to "breakout" once there is an acceleration in the way money either moves in or leaves the market
2013-11-05 16:27:56 [Message] fib_1618 -> Chat: you can also see this indecision in the daily volume figures
2013-11-05 16:28:02 [Message] fib_1618 -> Chat: no less
2013-11-05 16:28:16 [Message] fib_1618 -> Chat: seeing some indices rising while others decline on a day in day out basis
2013-11-05 16:29:24 [Message] fib_1618 -> Chat: moving to the SPX
2013-11-05 16:29:44 [Message] fib_1618 -> Chat: and we see that the SPX breadth MCO bounced off its zero line on Monday
2013-11-05 16:30:05 [Message] fib_1618 -> Chat: but settled today back below this same line of neutrality
2013-11-05 16:30:19 [Message] fib_1618 -> Chat: while remaining at an higher level than last weeks low point
2013-11-05 16:30:26 [Message] fib_1618 -> Chat: so one things for sure here
2013-11-05 16:30:59 [Message] fib_1618 -> Chat: we can see the actual indecision with traders right now on what's fairly valued and what isn't
2013-11-05 16:31:14 [Message] fib_1618 -> Chat: with the NASDAQ and NDX showing weakness here
2013-11-05 16:31:20 [Message] fib_1618 -> Chat: and the SPX neutral
2013-11-05 16:31:45 [Message] fib_1618 -> Chat: then it would only make sense that the large caps is where money is finding a home at this time
2013-11-05 16:31:51 [Message] fib_1618 -> Chat: and looking at the OEX breadth MCO
2013-11-05 16:32:16 [Message] fib_1618 -> Chat: we actually see that it perceptively moved to a lower low today
2013-11-05 16:32:29 [Message] fib_1618 -> Chat: but it too is having a battle between buyers and sellers right now
2013-11-05 16:32:50 [Message] fib_1618 -> Chat: as it settled today with a -4 reading
2013-11-05 16:33:09 [Message] fib_1618 -> Chat: also of importance at this time
2013-11-05 16:33:24 [Message] fib_1618 -> Chat: is that both the SPX and OEX still remain above their October spike lows
2013-11-05 16:33:48 [Message] fib_1618 -> Chat: and as long as this level holds
2013-11-05 16:34:05 [Message] fib_1618 -> Chat: the overall tone of the market place will tend to be least for now
2013-11-05 16:34:40 [Message] fib_1618 -> Chat: note also that the OEX components remain well above their zero lines
2013-11-05 16:34:53 [Message] fib_1618 -> Chat: so if for anything else
2013-11-05 16:35:06 [Message] fib_1618 -> Chat: we're likely to keep on correcting for another day or so
2013-11-05 16:35:19 [Message] fib_1618 -> Chat: which could lead us right up to Friday's jobs data
2013-11-05 16:35:38 [Message] fib_1618 -> Chat: looking at the OEX breadth MCSUM
2013-11-05 16:36:00 [Message] fib_1618 -> Chat: and we see that the last couple of weeks has shown a lot of congestion between the individual postings
2013-11-05 16:36:14 [Message] fib_1618 -> Chat: and this would indicate that whatever advantage the bulls have right now
2013-11-05 16:36:22 [Message] fib_1618 -> Chat: is not very strong in its foundation
2013-11-05 16:36:38 [Message] fib_1618 -> Chat: and unless we (again) start to see fresh funds enter the market
2013-11-05 16:36:59 [Message] fib_1618 -> Chat: it will eventually leave us vulnerable to a one or two day "slip and fall"
2013-11-05 16:37:06 [Message] fib_1618 -> Chat: or an ambush
2013-11-05 16:37:21 [Message] fib_1618 -> Chat: or something in which the sellers would be able to take the ball and run with it
2013-11-05 16:37:55 [Message] fib_1618 -> Chat: the Dow breadth MCO continues to maintain a textbook "complex bullish structure" above its zero line
2013-11-05 16:38:10 [Message] fib_1618 -> Chat: this would then indicate that money continues to support this basket of 30 stocks for now
2013-11-05 16:38:25 [Message] fib_1618 -> Chat: and that any new highs from current levels
2013-11-05 16:38:28 [Message] fib_1618 -> Chat: that is to say
2013-11-05 16:38:36 [Message] fib_1618 -> Chat: and higher high above last weeks spike on the chart
2013-11-05 16:38:48 [Message] fib_1618 -> Chat: would be enough for prices to actually breakout to new highs
2013-11-05 16:39:26 [Message] fib_1618 -> Chat: with the opportunity to stay above these same highs IF we can also take out the highs of last Tuesday
2013-11-05 16:39:29 [Message] orange -> Chat: you are referring to the MCO ?
2013-11-05 16:39:33 [Message] fib_1618 -> Chat: anyway...yes, the MCO
2013-11-05 16:39:48 [Message] fib_1618 -> Chat: we're getting what we thought might happen here last week
2013-11-05 16:40:22 [Message] fib_1618 -> Chat: in that the bulls are backing and filling with the objective of giving it another try to breakout out to the upside of this larger trading range
2013-11-05 16:40:42 [Message] fib_1618 -> Chat: that's going back to late spring of this year
2013-11-05 16:40:47 [Message] fib_1618 -> Chat: about 6 months now (how time flies!)
2013-11-05 16:41:20 [Message] fib_1618 -> Chat: the MID breadth MCO also snapped back to its zero line on Monday
2013-11-05 16:41:44 [Message] fib_1618 -> Chat: and settled down today just beyond the -25 level with a -27 reading
2013-11-05 16:42:03 [Message] fib_1618 -> Chat: looking at the MID components
2013-11-05 16:42:13 [Message] fib_1618 -> Chat: and we see that they remain nicely above its zero lines
2013-11-05 16:42:35 [Message] fib_1618 -> Chat: so with the MID breadth MCSUM as high as it is right now with a +872 reading
2013-11-05 16:43:19 [Message] fib_1618 -> Chat: the odds are higher that we're likely to see at least a bounce attempt here near term than we are to see any kind of continued sag in the pattern
2013-11-05 16:43:24 [Message] fib_1618 -> Chat: at least for Wednesday
2013-11-05 16:43:35 [Message] fib_1618 -> Chat: Thursday could be a different story
2013-11-05 16:44:04 [Message] fib_1618 -> Chat: though the odds would be more in the bear's camp IF we see a lower low in the SML breadth MCO
2013-11-05 16:44:11 [Message] fib_1618 -> Chat: and moving there
2013-11-05 16:44:16 [Message] fib_1618 -> Chat: and we see a higher high in the MCO
2013-11-05 16:44:44 [Message] fib_1618 -> Chat: with an inside range day on the SML price chart
2013-11-05 16:44:47 [Message] fib_1618 -> Chat: now...
2013-11-05 16:45:01 [Message] fib_1618 -> Chat: the thing about range days is that they work their best magic during trending sequences
2013-11-05 16:45:07 [Message] fib_1618 -> Chat: of which we're not seeing at this time
2013-11-05 16:45:34 [Message] fib_1618 -> Chat: as we're seeing more of a correctional sequence given the position of the MCO against its components
2013-11-05 16:46:03 [Message] fib_1618 -> Chat: we also note that Monday's bounce in the MCO was part of a zero line bounce in the 10% Index
2013-11-05 16:46:28 [Message] fib_1618 -> Chat: and finally with the TM breadth MCO
2013-11-05 16:46:53 [Message] fib_1618 -> Chat: we see we also had our obligatory snapback completed on Monday
2013-11-05 16:47:05 [Message] fib_1618 -> Chat: as we settled today at a higher level than Friday's low point
2013-11-05 16:47:06 [Message] fib_1618 -> Chat: so...
2013-11-05 16:47:16 [Message] fib_1618 -> Chat: quite a mix bag of information
2013-11-05 16:47:40 [Message] fib_1618 -> Chat: with the secondaries, mid caps, and NYSE CO stocks sagging here
2013-11-05 16:48:05 [Message] fib_1618 -> Chat: while the large caps and small caps hanging in there nicely
2013-11-05 16:48:31 [Message] fib_1618 -> Chat: so the main thrust here is that we have an indecisive market right now
2013-11-05 16:49:02 [Message] fib_1618 -> Chat: and this means that it would probably be better to sit on your hands near term than it would be trying to get cute and leading off on the trade...especially on the short side
2013-11-05 16:51:11 [Message] fib_1618 -> Chat: OK...let's see if we have any clues with the volume McClellan's
2013-11-05 16:51:31 [Message] fib_1618 -> Chat: unlike the NYSE CO breadth MCO
2013-11-05 16:52:28 [Message] fib_1618 -> Chat: the NYSE CO volume MCO moved back above its zero line on Monday before retreating back below it today
2013-11-05 16:53:06 [Message] fib_1618 -> Chat: this would indicate that the much of the selling going on here is not what one would call "heavy"
2013-11-05 16:53:27 [Message] fib_1618 -> Chat: more like profit taking...and taking this same money and rotating it back into other areas
2013-11-05 16:53:42 [Message] fib_1618 -> Chat: this would mean, of course, that it's not leaving the marketplace
2013-11-05 16:53:57 [Message] fib_1618 -> Chat: which would then allow prices to loosen their underlying bids
2013-11-05 16:54:09 [Message] fib_1618 -> Chat: let's see if the Composite is showing the same
2013-11-05 16:54:21 [Message] fib_1618 -> Chat: and it's not
2013-11-05 16:54:51 [Message] fib_1618 -> Chat: so this would indicate that the much of the heavier selling going on in the NYSE are more toward the interest rate sensitive issues than those of common stocks
2013-11-05 16:55:13 [Message] fib_1618 -> Chat: this, of course, is something the bulls would not like to see
2013-11-05 16:55:33 [Message] fib_1618 -> Chat: as it's the interest rate sensitive issues that generally show the way for the troops at large
2013-11-05 16:55:41 [Message] fib_1618 -> Chat: plus
2013-11-05 16:56:06 [Message] fib_1618 -> Chat: we also know that our downside targets on the 10 year note were not only fully met last week
2013-11-05 16:56:20 [Message] fib_1618 -> Chat: but as mentioned in this past weekend's breadth data review
2013-11-05 16:56:45 [Message] fib_1618 -> Chat: we also tested the 2.47% level on Fed day before settling at around 2.62% on Friday
2013-11-05 16:56:50 [Message] fib_1618 -> Chat: and why
2013-11-05 16:57:15 [Message] fib_1618 -> Chat: the bulls would need a break of the 2.45% level if there were any chance to see lower yields on the 10 year to around the 2.15% level
2013-11-05 16:57:23 [Message] fib_1618 -> Chat: so we'll have to watch things there
2013-11-05 16:57:28 [Message] fib_1618 -> Chat: now...
2013-11-05 16:57:52 [Message] fib_1618 -> Chat: as we have now moved from a market that was being built on the strength of underlying excesses in liquidity
2013-11-05 16:58:15 [Message] fib_1618 -> Chat: this "new marketplace" is basing much its pricing power on good old fashioned earnings
2013-11-05 16:58:32 [Message] fib_1618 -> Chat: so having higher rates here wouldn't be too bad a problem
2013-11-05 16:58:56 [Message] fib_1618 -> Chat: as this would indicate that we're getting more economic expansion than we were seeing (and feeling) contraction
2013-11-05 16:59:12 [Message] fib_1618 -> Chat: one thing's is pretty much a lock though
2013-11-05 16:59:22 [Message] fib_1618 -> Chat: even if we do break below the 2.45% level
2013-11-05 16:59:34 [Message] fib_1618 -> Chat: and trigger the 2.15% objective
2013-11-05 16:59:49 [Message] fib_1618 -> Chat: we probably have see the lows in interest rates for a while
2013-11-05 17:00:09 [Message] fib_1618 -> Chat: if not the rest of the lives that for those folks reading this [wink]
2013-11-05 17:00:53 [Message] fib_1618 -> Chat: small point change in the NASDAQ volume MCO
2013-11-05 17:01:01 [Message] fib_1618 -> Chat: as it continues to RISE over the last several sessions as was the indication from last weeks review
2013-11-05 17:01:31 [Message] fib_1618 -> Chat: and looking at the 21 day close up chart
2013-11-05 17:01:44 [Message] fib_1618 -> Chat: we see that this MCO is now challenging horizontal resistance
2013-11-05 17:02:19 [Message] fib_1618 -> Chat: and this will need to be broken to the upside if we're going to see the NASDAQ volume MCSUM hold current downside horizontal support at the +500 level that we see on the chart
2013-11-05 17:02:22 [Message] fib_1618 -> Chat: again
2013-11-05 17:02:33 [Message] fib_1618 -> Chat: these things MUST all work together for a common outcome
2013-11-05 17:02:43 [Message] fib_1618 -> Chat: if the MCO fails to move above resistance
2013-11-05 17:02:50 [Message] fib_1618 -> Chat: the MCSUM will break down
2013-11-05 17:02:57 [Message] fib_1618 -> Chat: if successful
2013-11-05 17:03:07 [Message] fib_1618 -> Chat: then we'll see a 1-2 week bounce off this same support
2013-11-05 17:03:42 [Message] fib_1618 -> Chat: we also have a small point change in the NDX volume MCO
2013-11-05 17:04:15 [Message] fib_1618 -> Chat: as it continues to "struggle" higher after moving to "oversold" last Thursday
2013-11-05 17:04:23 [Message] fib_1618 -> Chat: pretty much as expected
2013-11-05 17:04:29 [Message] fib_1618 -> Chat: and the good news here for the bulls
2013-11-05 17:04:42 [Message] fib_1618 -> Chat: is that we have also cleared several areas of blip resistance in doing so
2013-11-05 17:05:12 [Message] fib_1618 -> Chat: let's also again reinforce why we also continue to move net sideways in prices
2013-11-05 17:05:28 [Message] fib_1618 -> Chat: although breadth is weaker here
2013-11-05 17:05:56 [Message] fib_1618 -> Chat: both the NASDAQ and NDX volume MCSUM's remain above the important +500 level
2013-11-05 17:06:10 [Message] fib_1618 -> Chat: and until the sellers gain enough momentum to move below +500
2013-11-05 17:06:26 [Message] fib_1618 -> Chat: prices will tend to drift sideways
2013-11-05 17:06:46 [Message] fib_1618 -> Chat: during any correctional period we see on the breadth side of the equation
2013-11-05 17:06:57 [Message] fib_1618 -> Chat: again...
2013-11-05 17:07:03 [Message] fib_1618 -> Chat: the beauty of these indicators
2013-11-05 17:07:11 [Message] fib_1618 -> Chat: when used correctly
2013-11-05 17:07:28 [Message] fib_1618 -> Chat: is that they provide a great deal of insight than many give credit for
2013-11-05 17:07:32 [Message] fib_1618 -> Chat: and at the same time
2013-11-05 17:07:53 [Message] fib_1618 -> Chat: try all so hard to figure it out and make it work they way they see fit
2013-11-05 17:08:21 [Message] fib_1618 -> Chat: where it's the simplicity of the tools that tell the story all so eloquently
2013-11-05 17:08:39 [Message] fib_1618 -> Chat: like its breadth cousin
2013-11-05 17:08:48 [Message] fib_1618 -> Chat: the SPX volume MCO is also at its zero line
2013-11-05 17:09:00 [Message] fib_1618 -> Chat: as is the OEX volume MCO
2013-11-05 17:09:20 [Message] fib_1618 -> Chat: and when we're playing with this area of balance between buyers and sellers
2013-11-05 17:09:34 [Message] fib_1618 -> Chat: prices can only move sideways until one side actually takes control of the action
2013-11-05 17:10:03 [Message] fib_1618 -> Chat: we also have a complex bullish pattern structure working in the Dow volume MCO
2013-11-05 17:10:20 [Message] fib_1618 -> Chat: so you have a high confidence here of where the bigger money is moving into at this time
2013-11-05 17:10:24 [Message] fib_1618 -> Chat: or at the very least
2013-11-05 17:10:37 [Message] fib_1618 -> Chat: supporting current valuations
2013-11-05 17:10:48 [Message] fib_1618 -> Chat: keeping in mind, of course
2013-11-05 17:10:57 [Message] fib_1618 -> Chat: that with the Dow still not above its summer highs
2013-11-05 17:11:13 [Message] fib_1618 -> Chat: money figures this alone is suggesting that its undervalued right now
2013-11-05 17:11:33 [Message] fib_1618 -> Chat: and money knows what money likes and money likes to make more money [smile]
2013-11-05 17:12:00 [Message] fib_1618 -> Chat: the MID volume MCO also settled right at its zero line tonight
2013-11-05 17:12:29 [Message] fib_1618 -> Chat: and look at the way the MID volume MCSUM continues to remain buoyant at just below the +500 level
2013-11-05 17:12:49 [Message] fib_1618 -> Chat: this bullish because it can continue to fight the force of the bear market default?
2013-11-05 17:13:21 [Message] fib_1618 -> Chat: or is this bearish because the bulls can't provide enough of an energy boost to break above this point of "escape velocity"?
2013-11-05 17:13:26 [Message] fib_1618 -> Chat: hard to know really
2013-11-05 17:13:41 [Message] fib_1618 -> Chat: but we can be sure than once traders make their decision on this
2013-11-05 17:13:54 [Message] fib_1618 -> Chat: we're like to see a large, extended move come from it
2013-11-05 17:14:19 [Message] fib_1618 -> Chat: as clarity becomes known
2013-11-05 17:14:44 [Message] fib_1618 -> Chat: the SML volume MCO is actually showing the best in the way of strength right now
2013-11-05 17:14:57 [Message] fib_1618 -> Chat: given that it moved to the -25 level
2013-11-05 17:15:08 [Message] fib_1618 -> Chat: snapped back just above the zero line
2013-11-05 17:15:20 [Message] fib_1618 -> Chat: and it was able to hold in around this snapback area today
2013-11-05 17:15:54 [Message] fib_1618 -> Chat: this would suggest that money is continuing to allocate itself into the small caps
2013-11-05 17:15:59 [Message] fib_1618 -> Chat: and if that's the case
2013-11-05 17:16:09 [Message] fib_1618 -> Chat: then money figures we're likely to see continued growth
2013-11-05 17:16:16 [Message] fib_1618 -> Chat: and if we're gong to see continued growth
2013-11-05 17:16:23 [Message] fib_1618 -> Chat: then interest rates are likely to rise
2013-11-05 17:16:33 [Message] fib_1618 -> Chat: and if interest rates are likely to rise
2013-11-05 17:17:04 [Message] fib_1618 -> Chat: than the price of gold will sink as the outlook for continued excesses will decrease
2013-11-05 17:17:20 [Message] fib_1618 -> Chat: hard to imagine with Yellen taking the helm next year
2013-11-05 17:17:47 [Message] fib_1618 -> Chat: but we could be looking at a whole different situation come February of next year
2013-11-05 17:17:52 [Message] fib_1618 -> Chat: we'll see how it goes
2013-11-05 17:18:11 [Message] fib_1618 -> Chat: and the TM volume MCO moved slightly lower today
2013-11-05 17:18:50 [Message] fib_1618 -> Chat: and it will need to move above the blip resistance area we see on the chart if we're going to see support come in at the +500 level in the TM volume MCSUM
2013-11-05 17:18:53 [Message] fib_1618 -> Chat: so...
2013-11-05 17:19:10 [Message] fib_1618 -> Chat: they call sequences like this "indecisive" for a very good reason
2013-11-05 17:19:26 [Message] fib_1618 -> Chat: but with the MCSUM's generally well above their zero lines
2013-11-05 17:19:40 [Message] fib_1618 -> Chat: any intraday sell offs will not likely last long
2013-11-05 17:19:48 [Message] fib_1618 -> Chat: sort of like today...
2013-11-05 17:19:56 [Message] fib_1618 -> Chat: moving to the volume oscillators
2013-11-05 17:20:29 [Message] fib_1618 -> Chat: and the CVI's and STVO's are neutral overall
2013-11-05 17:20:53 [Message] fib_1618 -> Chat: I guess the worse thing that can happen here is that we'll see very little action until Thursday, maybe Friday
2013-11-05 17:21:07 [Message] fib_1618 -> Chat: but it does look like that the market is waiting for Friday
2013-11-05 17:21:20 [Message] fib_1618 -> Chat: VTO's are stable overall
2013-11-05 17:21:41 [Message] fib_1618 -> Chat: so any "first move" from our neutral readings will tend to be up instead of down
2013-11-05 17:22:02 [Message] fib_1618 -> Chat: NYSE TRIN at 1.18
2013-11-05 17:22:10 [Message] fib_1618 -> Chat: Open 10 at 1.00
2013-11-05 17:22:16 [Message] fib_1618 -> Chat: so minimally "oversold"
2013-11-05 17:22:33 [Message] fib_1618 -> Chat: NASDAQ TRIN at .73
2013-11-05 17:22:42 [Message] fib_1618 -> Chat: Open 10 at 1.04
2013-11-05 17:22:47 [Message] fib_1618 -> Chat: "Oversold"
2013-11-05 17:23:01 [Message] fib_1618 -> Chat: as well as the 21 day SMA
2013-11-05 17:23:11 [Message] fib_1618 -> Chat: TM TRIN at .74
2013-11-05 17:23:22 [Message] fib_1618 -> Chat: Open 10 at 1.04
2013-11-05 17:23:30 [Message] fib_1618 -> Chat: so...
2013-11-05 17:23:39 [Message] fib_1618 -> Chat: the market is overall neutral near term
2013-11-05 17:23:51 [Message] fib_1618 -> Chat: showing more rotation than selling
2013-11-05 17:24:12 [Message] fib_1618 -> Chat: and all of this is within the context of a high level consolidation
2013-11-05 17:24:27 [Message] fib_1618 -> Chat: the only question for now is...
2013-11-05 17:24:33 [Message] fib_1618 -> Chat: who is going to take near term control?
2013-11-05 17:24:41 [Message] fib_1618 -> Chat: if the bulls do
2013-11-05 17:24:53 [Message] fib_1618 -> Chat: they will have continue to run prices higher from here
2013-11-05 17:25:04 [Message] fib_1618 -> Chat: with the next stop at the 1825 level on the SPX
2013-11-05 17:25:12 [Message] fib_1618 -> Chat: if the bears try another ambush
2013-11-05 17:25:20 [Message] fib_1618 -> Chat: not only will it not last more than a day or so
2013-11-05 17:25:55 [Message] fib_1618 -> Chat: but it's likely to show a quick shift in negative sentiment to where another rally sequence can occur
2013-11-05 17:26:11 [Message] fib_1618 -> Chat: at this point though
2013-11-05 17:26:22 [Message] fib_1618 -> Chat: we may not know for sure until Thursday at the earliest
2013-11-05 17:26:35 [Message] fib_1618 -> Chat: so hit and run if you want to stay sharp
2013-11-05 17:26:49 [Message] fib_1618 -> Chat: but don't get married to anything just yet
2013-11-05 17:26:53 [Message] fib_1618 -> Chat: anything else?
2013-11-05 17:27:42 [Message] fib_1618 -> Chat: as a reminder
2013-11-05 17:27:56 [Message] fib_1618 -> Chat: we have 2 more chats this week on Wednesday and Thursday
2013-11-05 17:28:37 [Message] fib_1618 -> Chat: but the next two days of chat will be truncated to end in one hour
2013-11-05 17:28:55 [Message] fib_1618 -> Chat: so we will be beginning the chats at around 4:00
2013-11-05 17:29:11 [Message] fib_1618 -> Chat: so that we can get as much in as we can
2013-11-05 17:29:22 [Message] fib_1618 -> Chat: that's 7:00-8:00 eastern
2013-11-05 17:29:35 [Message] fib_1618 -> Chat: and then we have 3 more sessions next week as well
2013-11-05 17:30:55 [Message] fib_1618 -> Chat: OK...if there's nothing else
2013-11-05 17:30:58 [Message] fib_1618 -> Chat: I'm going to take off
2013-11-05 17:31:06 [Message] fib_1618 -> Chat: everyone have a great Wednesday
2013-11-05 17:31:21 [Message] fib_1618 -> Chat: and we'll chat again in about 22 hours
2013-11-05 17:31:23 [Message] fib_1618 -> Chat: good night
2013-11-05 17:31:38 [Message] orange -> Chat: night

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