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Posts: 4,899
Reply with quote  #1 
2011-11-08 16:00:03 [Message] fib_1618 -> Chat: good day
2011-11-08 16:00:10 [Message] fib_1618 -> Chat: how is everyone?
2011-11-08 16:00:45 [Message] EricD -> Chat: Hi
2011-11-08 16:01:13 [Message] watcher -> Chat: hello
2011-11-08 16:01:25 [Message] PrincelyM -> Chat: are you?
2011-11-08 16:01:29 [Message] fib_1618 -> Chat: nice to see that everyone turned their clocks back
2011-11-08 16:01:34 [Message] fib_1618 -> Chat: doing fine
2011-11-08 16:01:39 [Message] fib_1618 -> Chat: as you may have noticed
2011-11-08 16:01:50 [Message] PrincelyM -> Chat: Spooky disappeared..he was here a while back
2011-11-08 16:01:51 [Message] fib_1618 -> Chat: I've been in the "bear's den" for the last couple of days
2011-11-08 16:01:56 [Message] PrincelyM -> Chat: yeah
2011-11-08 16:01:58 [Message] PrincelyM -> Chat:
2011-11-08 16:02:15 [Message] PrincelyM -> Chat: thanks for those posts btw..the one back from 2009 was very educative for me
2011-11-08 16:02:21 [Message] PrincelyM -> Chat: Oct 2009 I think
2011-11-08 16:02:24 [Message] fib_1618 -> Chat: good to hear
2011-11-08 16:02:30 [Message] fib_1618 -> Chat: I have many buried over there
2011-11-08 16:02:42 [Message] fib_1618 -> Chat: I used to have the time to write rather lengthy posts
2011-11-08 16:02:56 [Message] fib_1618 -> Chat: one day I hope to have the time to do so again
2011-11-08 16:03:01 [Message] fib_1618 -> Chat: but in the meantime
2011-11-08 16:03:08 [Message] fib_1618 -> Chat: you get it straight away in here
2011-11-08 16:03:34 [Message] fib_1618 -> Chat: I have no problem with anyone really
2011-11-08 16:03:41 [Message] fib_1618 -> Chat: it's more of an exercise for me
2011-11-08 16:03:49 [Message] fib_1618 -> Chat: and it shows the true colors of others
2011-11-08 16:03:52 [Message] fib_1618 -> Chat: no problems
2011-11-08 16:04:08 [Message] fib_1618 -> Chat: anyway...
2011-11-08 16:04:15 [Message] fib_1618 -> Chat: any questions or comments before we get started??
2011-11-08 16:04:37 [Message] fib_1618 -> Chat: besides
2011-11-08 16:05:02 [Message] fib_1618 -> Chat: it's highly difficult to communicate in that kind of medium
2011-11-08 16:05:19 [Message] PrincelyM -> Chat: EGO 
2011-11-08 16:05:20 [Message] fib_1618 -> Chat: you can be typing and sharing your views on one emotional level
2011-11-08 16:05:29 [Message] PrincelyM -> Chat: too much out there
2011-11-08 16:05:36 [Message] PrincelyM -> Chat: I always felt
2011-11-08 16:05:37 [Message] fib_1618 -> Chat: and people will read those same posts in THEIR tone
2011-11-08 16:05:55 [Message] fib_1618 -> Chat: well...the market has a way of deflating egos
2011-11-08 16:06:01 [Message] fib_1618 -> Chat: better than I can do
2011-11-08 16:06:03 [Message] PrincelyM -> Chat: very true
2011-11-08 16:06:04 [Message] fib_1618 -> Chat: and I'm patient
2011-11-08 16:06:24 [Message] fib_1618 -> Chat: when people are ready, I've always had an open door policy
2011-11-08 16:07:23 [Message] fib_1618 -> Chat: OK...with that
2011-11-08 16:07:36 [Message] fib_1618 -> Chat: let me get DP up and see how things are looking under the hood
2011-11-08 16:07:38 [Message] fib_1618 -> Chat: oh
2011-11-08 16:07:40 [Message] fib_1618 -> Chat: btw
2011-11-08 16:07:43 [Message] fib_1618 -> Chat: before I get started
2011-11-08 16:07:50 [Message] fib_1618 -> Chat: I've opened up a Twitter account
2011-11-08 16:07:59 [Message] fib_1618 -> Chat: @technicalwatch
2011-11-08 16:08:11 [Message] fib_1618 -> Chat: don't know if I'm going to use it a whole bunch
2011-11-08 16:08:27 [Message] fib_1618 -> Chat: but I've given it enough time to where I believe it's going to stick around for a while and wanted to secure my handle
2011-11-08 16:08:51 [Message] fib_1618 -> Chat: and, of course, I still have the Facebook page which WILL become more and more important as we move along
2011-11-08 16:09:06 [Message] fib_1618 -> Chat: and so my first TWEET today...
2011-11-08 16:09:30 [Message] fib_1618 -> Chat: we are now less than 2500 net advancing issues on the NYSE A/D line from moving to new all time highs
2011-11-08 16:09:40 [Message] fib_1618 -> Chat: so minimally, a day away
2011-11-08 16:10:21 [Message] fib_1618 -> Chat: a quick hello to Hoon (hkk) - welcome to the chat!
2011-11-08 16:10:32 [Message] hkk -> Chat: hello everyone
2011-11-08 16:10:45 [Message] EricD -> Chat: Hi
2011-11-08 16:10:45 [Message] tracca -> Chat: hi
2011-11-08 16:10:47 [Message] fib_1618 -> Chat: let me give you a quick review of how things work here
2011-11-08 16:10:57 [Message] hkk -> Chat: okay
2011-11-08 16:11:02 [Message] fib_1618 -> Chat: are you a subscriber to Decision Point?
2011-11-08 16:11:27 [Message] hkk -> Chat: no
2011-11-08 16:11:30 [Message] fib_1618 -> Chat: OK
2011-11-08 16:11:32 [Message] fib_1618 -> Chat: good to know
2011-11-08 16:11:54 [Message] fib_1618 -> Chat: what you may want to consider is giving them a try during the next couple of weeks
2011-11-08 16:11:59 [Message] fib_1618 -> Chat: like the chat, they go month to month
2011-11-08 16:12:14 [Message] fib_1618 -> Chat: and for $19.95 a month, the wealth of information there is unsurpassed
2011-11-08 16:12:29 [Message] fib_1618 -> Chat: much of which we use in here as our reference
2011-11-08 16:12:33 [Message] fib_1618 -> Chat: in the meantime
2011-11-08 16:12:43 [Message] fib_1618 -> Chat: I will try to be as descriptive as possible
2011-11-08 16:12:47 [Message] hkk -> Chat: okay, i will look into it
2011-11-08 16:13:02 [Message] fib_1618 -> Chat: please feel free to break in and ask questions as we move along if you don't understand something
2011-11-08 16:13:17 [Message] fib_1618 -> Chat: this is everyone's chat room
2011-11-08 16:13:25 [Message] fib_1618 -> Chat: I'm just the fearless leader
2011-11-08 16:13:51 [Message] fib_1618 -> Chat: basically we cover breadth and volume analysis
2011-11-08 16:14:17 [Message] fib_1618 -> Chat: with a special focus on using the McClellan Oscillator and Summation Index
2011-11-08 16:14:27 [Message] fib_1618 -> Chat: along with volume oscillators and the TRIN
2011-11-08 16:14:42 [Message] fib_1618 -> Chat: again...if you have any questions, don't hesitate to ask
2011-11-08 16:14:45 [Message] fib_1618 -> Chat: and with that
2011-11-08 16:14:54 [Message] fib_1618 -> Chat: let me get DP up and we'll get started
2011-11-08 16:15:30 [Message] fib_1618 -> Chat: after moving lower on Friday as a snapback toward its zero line
2011-11-08 16:15:46 [Message] fib_1618 -> Chat: the Common Only (stocks) of the NYSE breadth MCO moved slightly higher today
2011-11-08 16:15:59 [Message] fib_1618 -> Chat: but remains below the spike levels of last week
2011-11-08 16:16:17 [Message] fib_1618 -> Chat: as long as this MCO remains above its zero line
2011-11-08 16:16:28 [Message] fib_1618 -> Chat: the MCSUM has continued to move higher as well
2011-11-08 16:16:46 [Message] fib_1618 -> Chat: the MCO measures the speed in which money is either moving in or out of the market
2011-11-08 16:17:15 [Message] fib_1618 -> Chat: and the MCSUM measures the distance in which this same acceleration in money flow will allow prices to travel
2011-11-08 16:17:30 [Message] fib_1618 -> Chat: so both work together as a tag team
2011-11-08 16:17:43 [Message] fib_1618 -> Chat: the analogy I like to use
2011-11-08 16:17:57 [Message] fib_1618 -> Chat: is that the MCO is your accelerator pedal on your car
2011-11-08 16:18:08 [Message] fib_1618 -> Chat: and the harder you push down on the pedal
2011-11-08 16:18:17 [Message] fib_1618 -> Chat: the faster and more distance your car will travel
2011-11-08 16:18:23 [Message] fib_1618 -> Chat: same concept here
2011-11-08 16:18:35 [Message] fib_1618 -> Chat: right now
2011-11-08 16:18:52 [Message] fib_1618 -> Chat: today's CO NYSE breadth MCSUM has now taken out the July highs from last year
2011-11-08 16:19:24 [Message] fib_1618 -> Chat: I should rephrase the last sentence for clarity
2011-11-08 16:19:44 [Message] EricD -> Chat: Are lower highs significant?
2011-11-08 16:19:50 [Message] fib_1618 -> Chat: the CO NYSE breadth MCSUM has already taken out its July highs about two weeks ago
2011-11-08 16:19:53 [Message] fib_1618 -> Chat: because of this
2011-11-08 16:20:07 [Message] fib_1618 -> Chat: prices are now clear to challenge the 2011 highs
2011-11-08 16:20:14 [Message] fib_1618 -> Chat: but in the last two days
2011-11-08 16:20:25 [Message] fib_1618 -> Chat: this MCSUM has now taken out its April highs
2011-11-08 16:20:34 [Message] fib_1618 -> Chat: and because of this
2011-11-08 16:20:59 [Message] fib_1618 -> Chat: there is now enough fuel backing the current direction of prices where we will now move to new recovery highs in the next couple of weeks
2011-11-08 16:21:12 [Message] fib_1618 -> Chat: so the higher we travel in the MCSUM, the longer and higher amplitude we're likely to see with prices
2011-11-08 16:21:27 [Message] fib_1618 -> Chat: yes, Eric, lower highs in the MCSUM are important, but like most oscillators, you can have multiple divergence points before the actual trigger of a reversal is given
2011-11-08 16:21:49 [Message] fib_1618 -> Chat: looking at the components that make up this MCO
2011-11-08 16:22:07 [Message] fib_1618 -> Chat: we see that they too are above their zero lines and in a bullish crossover configuration
2011-11-08 16:22:31 [Message] fib_1618 -> Chat: the longer we stay in this structure
2011-11-08 16:22:53 [Message] fib_1618 -> Chat: the longer we're likely to see the current advancing price pattern structure move higher
2011-11-08 16:23:25 [Message] fib_1618 -> Chat: so, at this point, we're probably looking at our rallying here well into the February period of next year
2011-11-08 16:23:48 [Message] fib_1618 -> Chat: now...that's the common stocks that trade on the NYSE
2011-11-08 16:23:59 [Message] fib_1618 -> Chat: next we move to the composite NYSE breadth MCO
2011-11-08 16:24:18 [Message] fib_1618 -> Chat: and here we have the same structure of being slightly lower than last weeks highs
2011-11-08 16:25:00 [Message] fib_1618 -> Chat: what the bulls will need to do here in order to extend the altitude of the MCSUM is that we will have to break above last weeks highs
2011-11-08 16:25:12 [Message] fib_1618 -> Chat: and the only way this can happen is with fresh funds
2011-11-08 16:25:33 [Message] fib_1618 -> Chat: as we have been net positive now on the MCO for about 5 weeks now
2011-11-08 16:25:47 [Message] fib_1618 -> Chat: and what's interesting about this
2011-11-08 16:26:05 [Message] fib_1618 -> Chat: is that the NYSE breadth MCSUM is also nearing some very important overhead resistance now
2011-11-08 16:26:08 [Message] fib_1618 -> Chat: so much so
2011-11-08 16:26:20 [Message] fib_1618 -> Chat: that without moving above these current MCO levels
2011-11-08 16:26:58 [Message] fib_1618 -> Chat: although we can continue to rally to challenge the April/May price highs on the New York Composite Index
2011-11-08 16:27:10 [Message] fib_1618 -> Chat: we're not likely to HOLD on any breakout above these same levels
2011-11-08 16:27:18 [Message] fib_1618 -> Chat: the reason being
2011-11-08 16:27:46 [Message] fib_1618 -> Chat: is that we are still slightly below the April/May highs on the composite NYSE breadth MCSUM right now
2011-11-08 16:28:12 [Message] fib_1618 -> Chat: and without the market moving in unison as one cohesive unit to attack this same line of bearish defense
2011-11-08 16:28:41 [Message] fib_1618 -> Chat: any pattern breakouts will not be able to maintain their structure, and prices will be pushed back below this same overhead resistance point
2011-11-08 16:29:01 [Message] fib_1618 -> Chat: so...the next couple of days are turning into some very important days ahead
2011-11-08 16:29:28 [Message] fib_1618 -> Chat: and with the current reading of +714 on the MCSUM
2011-11-08 16:30:00 [Message] fib_1618 -> Chat: it's not likely until Thursday before we'll have our best opportunity of accomplishing this important goal
2011-11-08 16:30:10 [Message] fib_1618 -> Chat: also remember here
2011-11-08 16:30:23 [Message] fib_1618 -> Chat: that besides the MCO having to move above last weeks highs
2011-11-08 16:30:34 [Message] fib_1618 -> Chat: and the MCSUM needing to push above its +750 level
2011-11-08 16:30:49 [Message] fib_1618 -> Chat: and prices moving above their highs of 2 weeks ago
2011-11-08 16:31:06 [Message] fib_1618 -> Chat: the NYAD line is right at striking distance of moving to new all time highs as well
2011-11-08 16:31:48 [Message] fib_1618 -> Chat: this total "heave ho" effect will then be needed to point an exclamation point on what the CO NYSE breadth MCSUM has already alluded to
2011-11-08 16:31:50 [Message] fib_1618 -> Chat: and that is
2011-11-08 16:32:02 [Message] fib_1618 -> Chat: we are likely to see new recovery highs on the large cap indices
2011-11-08 16:32:13 [Message] fib_1618 -> Chat: and that if this heave ho takes place
2011-11-08 16:32:31 [Message] fib_1618 -> Chat: a challenge of the all time highs on these same index charts then becomes very doable
2011-11-08 16:32:52 [Message] fib_1618 -> Chat: primarily based on the current position of prices in relation to these same highs
2011-11-08 16:32:57 [Message] fib_1618 -> Chat: also keep in mind
2011-11-08 16:33:21 [Message] fib_1618 -> Chat: that the more extreme the MCSUM travels (either higher or lower)
2011-11-08 16:33:38 [Message] fib_1618 -> Chat: the easier it is for the underlying stocks to move in this same direction
2011-11-08 16:33:48 [Message] fib_1618 -> Chat: and with a bigger and bigger average daily gains
2011-11-08 16:34:00 [Message] fib_1618 -> Chat: of course
2011-11-08 16:34:07 [Message] fib_1618 -> Chat: all eyes remain on the EU right now
2011-11-08 16:34:19 [Message] fib_1618 -> Chat: and if clarity is finally given
2011-11-08 16:34:33 [Message] fib_1618 -> Chat: there's a boat load of money that's still itching to be put to work
2011-11-08 16:34:56 [Message] fib_1618 -> Chat: in hoping to make anything better than 2% return
2011-11-08 16:34:58 [Message] fib_1618 -> Chat: in the meantime, we should expect some sort of push back from the bears near term as their first try to "hold the fort"
2011-11-08 16:35:33 [Message] fib_1618 -> Chat: the NASDAQ breadth MCO is also echoing the same structures as the NYSE MCO's are
2011-11-08 16:36:00 [Message] fib_1618 -> Chat: and though the NASDAQ breadth MCSUM has already cleared above its spring highs
2011-11-08 16:36:28 [Message] fib_1618 -> Chat: it still remains under the demarcation point between advancing trends that move higher and bear market rallies that stall out...the +250 level
2011-11-08 16:36:39 [Message] fib_1618 -> Chat: current reading today is a +176
2011-11-08 16:37:02 [Message] fib_1618 -> Chat: so we're close...but the bulls still have some work to do to be called totally in the clear
2011-11-08 16:37:31 [Message] fib_1618 -> Chat: although given the high liquidity factor already noted in the NYSE group of stocks
2011-11-08 16:37:42 [Message] fib_1618 -> Chat: the expectation here remains a bullish one minus any near term ambushes
2011-11-08 16:37:48 [Message] fib_1618 -> Chat: in the meantime
2011-11-08 16:38:10 [Message] fib_1618 -> Chat: with the NYSE breadth MCSUM's already showing bullish characteristics
2011-11-08 16:38:56 [Message] fib_1618 -> Chat: any new money for traders right now on the long side will have better success with the NYSE group of stocks than they would with the secondary market (NASDAQ)
2011-11-08 16:39:26 [Message] fib_1618 -> Chat: moving to the NDX breadth MCO
2011-11-08 16:39:45 [Message] fib_1618 -> Chat: and here, for the first time in a while, we're now starting to see this basket of stocks start to lead to the upside
2011-11-08 16:39:49 [Message] fib_1618 -> Chat: this is great news for the bulls
2011-11-08 16:40:44 [Message] fib_1618 -> Chat: because this instructs us that there is enough money moving into these higher growth issues where more risk is part of the game
2011-11-08 16:40:55 [Message] fib_1618 -> Chat: in fact
2011-11-08 16:41:27 [Message] fib_1618 -> Chat: today's move higher in the NDX breadth MCO not only broke above the near term declining tops line we talked about last week
2011-11-08 16:41:41 [Message] fib_1618 -> Chat: but this break above MCO resistance has now moved the NDX breadth MCSUM to higher highs
2011-11-08 16:42:10 [Message] fib_1618 -> Chat: presenting us with another good example on how its preferred that everything "work together" to accomplish a goal
2011-11-08 16:42:43 [Message] fib_1618 -> Chat: looking at the NDX price chart...let me get a close up
2011-11-08 16:43:44 [Message] fib_1618 -> Chat: we closed a point below the end of October highs today
2011-11-08 16:44:03 [Message] fib_1618 -> Chat: and we are now 30 points away from moving to new 52 week highs
2011-11-08 16:44:23 [Message] fib_1618 -> Chat: so today's MCO and MCSUM breakouts now suggest that prices are about to move to new highs now
2011-11-08 16:44:30 [Message] fib_1618 -> Chat: as the flow of money leads the direction of prices
2011-11-08 16:44:46 [Message] fib_1618 -> Chat: but at the same time
2011-11-08 16:45:27 [Message] fib_1618 -> Chat: in order for prices to remain above this same overhead resistance area that has stopped the forward progress three times previously
2011-11-08 16:46:03 [Message] fib_1618 -> Chat: we will first need to see the NDX breadth MCO move above its last reaction (divergent) highs seen on the chart
2011-11-08 16:46:39 [Message] fib_1618 -> Chat: and like the NYSE breadth MCSUM, the NDX breadth MCSUM will also need to move above its April/May highs
2011-11-08 16:46:54 [Message] fib_1618 -> Chat: once this is done...then prices can then rally without that much of a problem
2011-11-08 16:48:59 [Message] fib_1618 -> Chat: moving to the SPX breadth MCO
2011-11-08 16:49:15 [Message] fib_1618 -> Chat: and here we do move to higher highs today taking out last weeks spike
2011-11-08 16:49:56 [Message] fib_1618 -> Chat: this move has now widen the gap between the individual postings on the SPX breadth MCSUM
2011-11-08 16:50:08 [Message] fib_1618 -> Chat: which is now at a level of +878
2011-11-08 16:50:16 [Message] fib_1618 -> Chat: when we get into these kind of extremes in the MCSUM
2011-11-08 16:50:37 [Message] fib_1618 -> Chat: it's going to take quite a bit of time for the momentum of the move to wear off as far as prices are concerned
2011-11-08 16:51:05 [Message] fib_1618 -> Chat: so it's a pretty good bet now that we are not only going to move above this years highs on this sequence
2011-11-08 16:51:25 [Message] fib_1618 -> Chat: but we're going to be able to stay above these levels going forward
2011-11-08 16:52:14 [Message] fib_1618 -> Chat: looking at the 3 year chart of the SPX breadth MCSUM
2011-11-08 16:52:44 [Message] fib_1618 -> Chat: and the February highs will be needed to be taken out in order for the SPX to actually have enough fuel behind it to reach the 2007 highs
2011-11-08 16:53:15 [Message] fib_1618 -> Chat: for the bulls
2011-11-08 16:53:48 [Message] fib_1618 -> Chat: the important thing here is that as long as we maintain our series of bottoms above bottoms on the SPX breadth MCO
2011-11-08 16:53:57 [Message] fib_1618 -> Chat: the bulls will remain of control of the action
2011-11-08 16:54:05 [Message] fib_1618 -> Chat: and the longer they "keep the ball"
2011-11-08 16:54:25 [Message] fib_1618 -> Chat: the more yardage they'll pick up towards the goal of challenging these same all time highs
2011-11-08 16:54:55 [Message] fib_1618 -> Chat: and that would 1565 on closing basis
2011-11-08 16:55:05 [Message] fib_1618 -> Chat: what we have to remember though
2011-11-08 16:55:27 [Message] fib_1618 -> Chat: is that there a lot of preparation that needs to go into this before this becomes a forgone conclusion
2011-11-08 16:55:53 [Message] fib_1618 -> Chat: it's sort of like packing for a trip to New York from Los Angeles
2011-11-08 16:56:05 [Message] fib_1618 -> Chat: if you don't bring enough food, clothes or money prior to your leaving
2011-11-08 16:56:13 [Message] fib_1618 -> Chat: you're not likely to make it there
2011-11-08 16:56:21 [Message] fib_1618 -> Chat: the point of this is
2011-11-08 16:56:39 [Message] fib_1618 -> Chat: that even after we break above this years highs in prices
2011-11-08 16:57:15 [Message] fib_1618 -> Chat: we still have the late spring 2008 pattern highs still to overcome before we'll actually make it to our final goal here
2011-11-08 16:57:32 [Message] fib_1618 -> Chat: so like playing a game of Mario Brothers
2011-11-08 16:57:36 [Message] fib_1618 -> Chat: the more coins you get
2011-11-08 16:57:55 [Message] fib_1618 -> Chat: the more power you have to break any resistances that on this same journey
2011-11-08 16:58:13 [Message] fib_1618 -> Chat: moving to the OEX breadth MCO
2011-11-08 16:58:18 [Message] fib_1618 -> Chat: and like the SPX
2011-11-08 16:58:26 [Message] fib_1618 -> Chat: we also moved to new highs here today
2011-11-08 16:58:30 [Message] fib_1618 -> Chat: but even more importantly
2011-11-08 16:59:10 [Message] fib_1618 -> Chat: the discussion we've just had on our needing to move above the February highs in the SPX breadth MCSUM
2011-11-08 16:59:16 [Message] fib_1618 -> Chat: has already been accomplished in the OEX
2011-11-08 16:59:31 [Message] fib_1618 -> Chat: and since the OEX is about 80% of the weight of the SPX itself
2011-11-08 16:59:59 [Message] fib_1618 -> Chat: it's a pretty good bet that we're not going to have too much in the way of problems negotiating the road ahead
2011-11-08 17:00:29 [Message] fib_1618 -> Chat:'s the exciting part
2011-11-08 17:00:56 [Message] fib_1618 -> Chat: the next level of resistance on the OEX breadth MCSUM comes with the April 2010 highs
2011-11-08 17:01:08 [Message] fib_1618 -> Chat: which is at the +1250 level
2011-11-08 17:01:32 [Message] fib_1618 -> Chat: the current reading on the OEX breadth MCSUM is now at +1046
2011-11-08 17:01:43 [Message] fib_1618 -> Chat: if we can eventually move above the 2010 highs
2011-11-08 17:02:33 [Message] fib_1618 -> Chat: then the odds would increase greatly that the recovery highs of 729 will then be challenged on this same sequence
2011-11-08 17:02:59 [Message] fib_1618 -> Chat: with the all time highs there at 832
2011-11-08 17:03:29 [Message] fib_1618 -> Chat: so we're getting real close now to something extraordinary happening on an historic basis
2011-11-08 17:03:50 [Message] fib_1618 -> Chat: what that might mean externally will be interesting to work with
2011-11-08 17:04:26 [Message] fib_1618 -> Chat: the Dow breadth MCSUM now has a reading of +1093
2011-11-08 17:04:46 [Message] fib_1618 -> Chat: with its next possible resistance area at the +1250 level
2011-11-08 17:05:14 [Message] fib_1618 -> Chat: which is also where the February 2011 highs are located
2011-11-08 17:05:48 [Message] fib_1618 -> Chat: notice how all of these subset index charts are all in sync with each other as far as their key overhead resistance areas of either the February or April highs
2011-11-08 17:06:14 [Message] fib_1618 -> Chat: this is the desired mechanics that keeps things running smoothly...on all cylinders
2011-11-08 17:06:37 [Message] fib_1618 -> Chat: higher MCO highs as well on the MID breadth MCO
2011-11-08 17:06:59 [Message] fib_1618 -> Chat: so money is liking both the large and mid caps here
2011-11-08 17:07:15 [Message] fib_1618 -> Chat: and with the NYSE breadth MCO not able to move to higher highs
2011-11-08 17:07:33 [Message] fib_1618 -> Chat: the expectation would be for the SML to be lagging in this area
2011-11-08 17:07:41 [Message] fib_1618 -> Chat: and looking at the chart
2011-11-08 17:07:44 [Message] fib_1618 -> Chat: that's what we have
2011-11-08 17:07:59 [Message] fib_1618 -> Chat: structurally, however, we continue to maintain a positive bias here
2011-11-08 17:08:16 [Message] fib_1618 -> Chat: with our obligatory test of the SML breadth MCO zero line so far successful
2011-11-08 17:08:41 [Message] fib_1618 -> Chat: and all we need now is a little conviction to drive prices higher from here
2011-11-08 17:09:11 [Message] fib_1618 -> Chat: the good news here though
2011-11-08 17:09:28 [Message] fib_1618 -> Chat: is that the SML breadth MCSUM has now cleared all of its major areas of resistance levels
2011-11-08 17:09:49 [Message] fib_1618 -> Chat: so the odds favor the bulls returning to the small caps near term
2011-11-08 17:10:01 [Message] fib_1618 -> Chat: as money knows what money likes...
2011-11-08 17:10:06 [Message] fib_1618 -> Chat: and money likes to make more money
2011-11-08 17:10:20 [Message] fib_1618 -> Chat: money will always flow the path of least resistance
2011-11-08 17:10:35 [Message] fib_1618 -> Chat: and since the MCSUM represents the intermediate term trend of this same money flow component
2011-11-08 17:10:57 [Message] fib_1618 -> Chat: the odds will continue to favor a continuation on this same path
2011-11-08 17:11:32 [Message] fib_1618 -> Chat: and the Total Market breadth MCO also fell short of moving to new highs
2011-11-08 17:12:03 [Message] fib_1618 -> Chat: and we're now 153 points or so from moving above the important +500 level on the TM breadth MCSUM
2011-11-08 17:12:06 [Message] fib_1618 -> Chat: so...
2011-11-08 17:12:25 [Message] fib_1618 -> Chat: money is still being a bit picky here with all of the back ground news from the EU
2011-11-08 17:13:10 [Message] fib_1618 -> Chat: taking the high road and perceived safety of the large caps, and especially those companies that have a global presence
2011-11-08 17:13:32 [Message] fib_1618 -> Chat: however, the bulls have continued to work hard to get where they are today
2011-11-08 17:13:56 [Message] fib_1618 -> Chat: in the face of overwhelming fundamental odds that say they have no business doing what they're doing
2011-11-08 17:14:29 [Message] fib_1618 -> Chat: and if it wasn't for the need for return on investment, we would probably have a whole different animal to work with
2011-11-08 17:14:38 [Message] fib_1618 -> Chat: but we don' is what it is
2011-11-08 17:14:48 [Message] fib_1618 -> Chat: any questions or comments??
2011-11-08 17:15:29 [Message] fib_1618 -> Chat: you got to believe in your indicators during times like these
2011-11-08 17:15:45 [Message] fib_1618 -> Chat: as they absolutely separate the wheat from the chafe during times like this
2011-11-08 17:15:58 [Message] fib_1618 -> Chat: where everyone continues worry, but the technical's have been pretty much telling a whole different story
2011-11-08 17:16:35 [Message] fib_1618 -> Chat: and now we're on the proverbial doorstep again of something quite historic
2011-11-08 17:16:43 [Message] fib_1618 -> Chat: but we've been here before, haven't we?
2011-11-08 17:16:50 [Message] fib_1618 -> Chat: so day by day...inch by inch
2011-11-08 17:17:04 [Message] fib_1618 -> Chat: and never, ever, underestimate the power of liquidity
2011-11-08 17:17:16 [Message] fib_1618 -> Chat: let's move to the volume McClellan's
2011-11-08 17:17:26 [Message] fib_1618 -> Chat: for Hoon
2011-11-08 17:17:33 [Message] fib_1618 -> Chat: what we want to see here in this relationship is that we want the trend of volume plurality to either be in sync with the direction of breadth, or ideally, leading breadth to the upside
2011-11-08 17:18:12 [Message] fib_1618 -> Chat: volume is the heart of the market
2011-11-08 17:18:19 [Message] fib_1618 -> Chat: breadth is its lung capacity
2011-11-08 17:18:23 [Message] fib_1618 -> Chat: if one falters
2011-11-08 17:18:35 [Message] fib_1618 -> Chat: the other will have a hard time moving forward
2011-11-08 17:18:57 [Message] fib_1618 -> Chat: so we want both a strong heart and strong breath capacity on this same journey
2011-11-08 17:19:03 [Message] fib_1618 -> Chat: again
2011-11-08 17:19:07 [Message] fib_1618 -> Chat: this works in both directions
2011-11-08 17:19:25 [Message] fib_1618 -> Chat: but even more so with uptrend's as we're in a bear market by default
2011-11-08 17:20:05 [Message] fib_1618 -> Chat: and this is why it's more exciting looking for the components that can create an uptrend than to just sit back and wait for the rug to pulled out of the market floor
2011-11-08 17:20:22 [Message] fib_1618 -> Chat: bear markets and corrections are easy to trade
2011-11-08 17:20:32 [Message] fib_1618 -> Chat: bull markets though are challenging
2011-11-08 17:20:55 [Message] fib_1618 -> Chat: primarily because the human species is quick to panic, but is slow to embrace
2011-11-08 17:21:13 [Message] fib_1618 -> Chat: now...
2011-11-08 17:21:19 [Message] fib_1618 -> Chat: unlike its breadth cousin
2011-11-08 17:21:31 [Message] fib_1618 -> Chat: the CO NYSE volume MCO DID move to higher highs today
2011-11-08 17:21:37 [Message] fib_1618 -> Chat: so volume is leading breadth to the upside
2011-11-08 17:22:01 [Message] fib_1618 -> Chat: this is great evidence that the likelihood of continued price gains is very high
2011-11-08 17:22:36 [Message] fib_1618 -> Chat: and with the CO NYSE volume MCSUM now with a reading of +659
2011-11-08 17:23:03 [Message] fib_1618 -> Chat: any break above last weeks price highs (in this case) will tend to be rather explosive in its content
2011-11-08 17:23:17 [Message] fib_1618 -> Chat: notice how the market has been sneaking back higher over the last week or so
2011-11-08 17:23:31 [Message] fib_1618 -> Chat: with much of the gains taking place after lunch here in the states
2011-11-08 17:23:45 [Message] fib_1618 -> Chat: this is the personalty of most uptrends
2011-11-08 17:23:52 [Message] fib_1618 -> Chat: most trends, in fact
2011-11-08 17:24:08 [Message] fib_1618 -> Chat: where the market will open lower to keep people sitting on the fence in the morning during advancing trends
2011-11-08 17:24:31 [Message] fib_1618 -> Chat: and then rally slowly during the day keeping this same majority from participating
2011-11-08 17:24:49 [Message] fib_1618 -> Chat: we affectionately refer to this is specialist "merchandising"
2011-11-08 17:25:20 [Message] fib_1618 -> Chat: pushing sellers to give up their positions in the morning
2011-11-08 17:25:33 [Message] fib_1618 -> Chat: and then moving prices higher during the day to unload this same inventory
2011-11-08 17:25:40 [Message] fib_1618 -> Chat: as we like to say
2011-11-08 17:25:59 [Message] fib_1618 -> Chat: it's not people buying that make prices go higher, it's prices going higher that make people buy
2011-11-08 17:26:04 [Message] fib_1618 -> Chat: look at the last few days
2011-11-08 17:26:12 [Message] fib_1618 -> Chat: all this negative news in the morning
2011-11-08 17:26:23 [Message] fib_1618 -> Chat: why would anyone buy stocks with all of this bad news?
2011-11-08 17:26:28 [Message] fib_1618 -> Chat: but at the end of the day
2011-11-08 17:26:35 [Message] fib_1618 -> Chat: we're up another 1%
2011-11-08 17:26:54 [Message] fib_1618 -> Chat: and keeping the majority from making a decision for FEAR of a top
2011-11-08 17:27:17 [Message] fib_1618 -> Chat: the market will do everything it can to keep the majority from riding the trend
2011-11-08 17:27:22 [Message] fib_1618 -> Chat: and so far
2011-11-08 17:27:32 [Message] fib_1618 -> Chat: from the lows of 10/4
2011-11-08 17:27:39 [Message] fib_1618 -> Chat: the SPX is now up over 200 points!
2011-11-08 17:28:05 [Message] fib_1618 -> Chat: the Dow is up 1576 points
2011-11-08 17:28:21 [Message] fib_1618 -> Chat: and all of this is happening with Europe seemingly falling apart?
2011-11-08 17:28:29 [Message] fib_1618 -> Chat: how can this be?
2011-11-08 17:28:44 [Message] thespookyone -> Chat: a lovely wall of worry
2011-11-08 17:28:46 [Message] fib_1618 -> Chat: if you're a fundamentalist you have to be pulling your hair out!
2011-11-08 17:28:55 [Message] fib_1618 -> Chat: yes...a classic one as well
2011-11-08 17:29:07 [Message] fib_1618 -> Chat: again...we think back to the 1982 lows
2011-11-08 17:29:15 [Message] fib_1618 -> Chat: and the Latin Debt Crisis
2011-11-08 17:29:22 [Message] fib_1618 -> Chat: believe me when I tell you
2011-11-08 17:29:39 [Message] fib_1618 -> Chat: that most of Central and South America was literally falling apart
2011-11-08 17:29:49 [Message] fib_1618 -> Chat: Brazil was in the toilet
2011-11-08 17:30:02 [Message] fib_1618 -> Chat: but that was at Dow 777
2011-11-08 17:30:12 [Message] fib_1618 -> Chat: a long time ago
2011-11-08 17:30:18 [Message] fib_1618 -> Chat: and we're a long way from there
2011-11-08 17:30:27 [Message] fib_1618 -> Chat: and during all these years
2011-11-08 17:30:35 [Message] fib_1618 -> Chat: we've had bond collapses
2011-11-08 17:30:45 [Message] fib_1618 -> Chat: we've had insider trading debacles
2011-11-08 17:30:58 [Message] fib_1618 -> Chat: savings and loans collapsing
2011-11-08 17:31:11 [Message] fib_1618 -> Chat: real estate collapsing...3 times!
2011-11-08 17:31:27 [Message] fib_1618 -> Chat: and still the Dow is at 12,170?
2011-11-08 17:31:41 [Message] fib_1618 -> Chat: the longer you live
2011-11-08 17:31:46 [Message] fib_1618 -> Chat: and the more you read about history
2011-11-08 17:32:03 [Message] fib_1618 -> Chat: you come to find that the play is always the same...only the players change over time
2011-11-08 17:32:17 [Message] fib_1618 -> Chat: one day though, we'll get our comeuppance
2011-11-08 17:32:36 [Message] fib_1618 -> Chat: but that is not this time (cue Lord of the Rings battle music )
2011-11-08 17:32:57 [Message] fib_1618 -> Chat: moving to the composite NYSE volume data
2011-11-08 17:33:20 [Message] fib_1618 -> Chat: and here we also moved to higher highs in the NYSE volume MCO
2011-11-08 17:33:23 [Message] fib_1618 -> Chat: in fact
2011-11-08 17:33:35 [Message] fib_1618 -> Chat: volume here has been leading the way for over a month now, hasn't it?
2011-11-08 17:33:55 [Message] fib_1618 -> Chat: the NYSE volume MCSUM just moved above its important +750 level today
2011-11-08 17:34:17 [Message] fib_1618 -> Chat: so the higher high in the MCO translated to a breakout above the +750 level in the MCSUM
2011-11-08 17:34:30 [Message] fib_1618 -> Chat: they worked together to accomplish a technical goal
2011-11-08 17:34:41 [Message] fib_1618 -> Chat: this is how trends are born
2011-11-08 17:34:48 [Message] fib_1618 -> Chat: this is how trends are maintained
2011-11-08 17:34:58 [Message] fib_1618 -> Chat: once we get inconsistencies
2011-11-08 17:35:04 [Message] fib_1618 -> Chat: then we look for changes in this same trend
2011-11-08 17:35:12 [Message] fib_1618 -> Chat: remember July?
2011-11-08 17:35:30 [Message] fib_1618 -> Chat: we needed better sync between volume and breadth?
2011-11-08 17:35:59 [Message] fib_1618 -> Chat: and once the NYSE breadth MCSUM wasn't able to stay above the +500 level, down we went
2011-11-08 17:36:30 [Message] fib_1618 -> Chat: and we maximized any gains we got before we received this same signal (although it was disappointing)
2011-11-08 17:37:03 [Message] fib_1618 -> Chat: higher highs as well on the NASDAQ volume MCO
2011-11-08 17:37:20 [Message] fib_1618 -> Chat: and notice that the NASDAQ volume MCSUM is now at new highs as a result
2011-11-08 17:37:30 [Message] fib_1618 -> Chat: and this was after it broke above the +500 level
2011-11-08 17:37:36 [Message] fib_1618 -> Chat: snapped back to test this level
2011-11-08 17:37:44 [Message] fib_1618 -> Chat: and now has moved to higher highs
2011-11-08 17:38:04 [Message] fib_1618 -> Chat: there's nothing better that a technician can ask for when this kind of sequence occurs
2011-11-08 17:38:25 [Message] fib_1618 -> Chat: breakout...snapback...and then move forward
2011-11-08 17:38:59 [Message] fib_1618 -> Chat: the NDX volume MCO is now back above its zero line
2011-11-08 17:39:15 [Message] fib_1618 -> Chat: and it's also above its near term declining tops line as well
2011-11-08 17:39:22 [Message] fib_1618 -> Chat: and for the first time in a while
2011-11-08 17:39:33 [Message] fib_1618 -> Chat: the NDX volume and breadth MCO are now in sync to the upside
2011-11-08 17:40:13 [Message] fib_1618 -> Chat: we also notice that the NDX volume MCSUM is finding good support at the +700 level with this series of shorter term higher highs
2011-11-08 17:40:24 [Message] fib_1618 -> Chat: so if the NASDAQ data is any indication
2011-11-08 17:40:42 [Message] fib_1618 -> Chat: we're probably going to see a continuation to the upside here as well
2011-11-08 17:40:49 [Message] fib_1618 -> Chat: another important point here to remember is that the deeper the MCSUM moves away from its zero line
2011-11-08 17:41:35 [Message] fib_1618 -> Chat: the harder it is for the other side to do anything more than quick and deep retracements along the way of the trend
2011-11-08 17:42:10 [Message] fib_1618 -> Chat: this is usually why we tend to see short and scary counter trend moves during trending sequences
2011-11-08 17:42:17 [Message] fib_1618 -> Chat: for the bulls...pullbacks to shake the longs
2011-11-08 17:42:30 [Message] fib_1618 -> Chat: for the bears...reflex rallies to scare the shorts
2011-11-08 17:42:53 [Message] fib_1618 -> Chat: these are all a part of what makes a strong structural price trend
2011-11-08 17:43:18 [Message] fib_1618 -> Chat: for you're always going to get areas of when the majority finally gives up and moves with the trend
2011-11-08 17:43:47 [Message] fib_1618 -> Chat: only to be made wrong and these reflexes act as shake out points of these same weak hands
2011-11-08 17:44:13 [Message] fib_1618 -> Chat: (who probably use fundamental news analysis as their basis of trade...but I digress )
2011-11-08 17:44:37 [Message] fib_1618 -> Chat: the SPX volume MCO also moved to new highs today
2011-11-08 17:44:53 [Message] fib_1618 -> Chat: and look at the way the SPX volume MCSUM is now "stretching" again to the upside
2011-11-08 17:45:02 [Message] fib_1618 -> Chat: remember that when you look at the MCSUM
2011-11-08 17:45:31 [Message] fib_1618 -> Chat: you are literally seeing how fast or how slow money is either moving in or out of the market but the distance of its individual postings
2011-11-08 17:45:51 [Message] fib_1618 -> Chat: the greater the distance between the points. the more conviction of this same money flow
2011-11-08 17:46:19 [Message] fib_1618 -> Chat: the time then to be cautious is when these same postings become congested
2011-11-08 17:46:35 [Message] fib_1618 -> Chat: wow...
2011-11-08 17:47:01 [Message] fib_1618 -> Chat: and the OEX volume MCSUM is now about to move above its January highs
2011-11-08 17:47:34 [Message] fib_1618 -> Chat: and from there
2011-11-08 17:48:01 [Message] fib_1618 -> Chat: we don't see any resistance until the top in April of last year at around the +2000 level
2011-11-08 17:48:38 [Message] fib_1618 -> Chat: which, by the way, was our first hard evidence that the 2007 price highs in the OEX were likely to be challenged before this is all over
2011-11-08 17:48:41 [Message] fib_1618 -> Chat: right now
2011-11-08 17:48:50 [Message] fib_1618 -> Chat: we have a reading of +789
2011-11-08 17:48:58 [Message] fib_1618 -> Chat: so lots of room to grow
2011-11-08 17:49:19 [Message] fib_1618 -> Chat: the Dow volume MCSUM is now at the +750 level
2011-11-08 17:49:33 [Message] fib_1618 -> Chat: so we might see a quick pause here near term as we approach this natural resistance point
2011-11-08 17:49:49 [Message] fib_1618 -> Chat: higher highs on the MID volume MCO
2011-11-08 17:50:18 [Message] fib_1618 -> Chat: with the MID volume MCSUM supporting at +669 reading
2011-11-08 17:50:45 [Message] fib_1618 -> Chat: we even got higher highs on the SML volume MCO by the slimiest of margins
2011-11-08 17:50:57 [Message] fib_1618 -> Chat: but it's still leading breadth higher here and that's the important thing
2011-11-08 17:51:35 [Message] fib_1618 -> Chat: we've also finally cleared the rally failure highs of July now in the SML volume MCSUM
2011-11-08 17:52:07 [Message] thespookyone -> Chat: these MCSUM's seem to be gaping through the 250 levels rather than pausing at them, no?
2011-11-08 17:52:14 [Message] fib_1618 -> Chat: and the TM volume MCSUM is now leading its breadth cousin to the upside with a reading of +646
2011-11-08 17:52:21 [Message] fib_1618 -> Chat: yes, good observation
2011-11-08 17:52:31 [Message] fib_1618 -> Chat: and this is important
2011-11-08 17:52:54 [Message] fib_1618 -> Chat: because we know that these 250 multiples are natural areas of money flow resistance
2011-11-08 17:53:21 [Message] fib_1618 -> Chat: so to gap above these same levels shows that there's that "little bit extra" out there moving in that will keep things from topping out
2011-11-08 17:53:25 [Message] thespookyone -> Chat: I post that at TT, and get "Italy lectures" LOL
2011-11-08 17:53:42 [Message] fib_1618 -> Chat: sort of like looking over your shoulder to see if you have any back up and then finding you have
2011-11-08 17:53:46 [Message] fib_1618 -> Chat:
2011-11-08 17:54:01 [Message] thespookyone -> Chat: this upmove is very strong
2011-11-08 17:54:14 [Message] fib_1618 -> Chat: you notice that just about every poster who can't believe we're going higher are fundamentalists?
2011-11-08 17:54:32 [Message] fib_1618 -> Chat: they are letting the news determine their positions
2011-11-08 17:54:37 [Message] thespookyone -> Chat: sure do
2011-11-08 17:54:53 [Message] fib_1618 -> Chat: and using outdated economic theories to back their opinions
2011-11-08 17:55:00 [Message] fib_1618 -> Chat: for example
2011-11-08 17:55:10 [Message] fib_1618 -> Chat: debt is actually good for stock prices
2011-11-08 17:55:25 [Message] fib_1618 -> Chat: the more debt you have, the more you have to work with
2011-11-08 17:55:47 [Message] fib_1618 -> Chat: kind of goes against the grain, doesn't it?
2011-11-08 17:55:57 [Message] fib_1618 -> Chat: not saying that debt is a good thing...there is a breaking point
2011-11-08 17:56:23 [Message] fib_1618 -> Chat: only that the data proves without a doubt that each and every stock market rally was accompanied by record amounts of debt at those times in history
2011-11-08 17:56:48 [Message] fib_1618 -> Chat: and when this debt is taken away
2011-11-08 17:56:55 [Message] fib_1618 -> Chat: when the cost of money is increased (higher interest rates)
2011-11-08 17:57:13 [Message] fib_1618 -> Chat: then, and only then, do you get see declining prices
2011-11-08 17:57:30 [Message] fib_1618 -> Chat: on to the oscillators
2011-11-08 17:57:57 [Message] fib_1618 -> Chat: the Climactic Volume Indicator is now "overbought"
2011-11-08 17:58:08 [Message] fib_1618 -> Chat: so we should see a price high in the next two trading sessions
2011-11-08 17:58:46 [Message] fib_1618 -> Chat: Short Term Volume Oscillators are now minimally "overbought"
2011-11-08 17:58:57 [Message] fib_1618 -> Chat: after moving to neutral last week
2011-11-08 17:59:02 [Message] fib_1618 -> Chat: showing, once again
2011-11-08 17:59:11 [Message] fib_1618 -> Chat: that when we see an oscillator at the zero line (or 50%)
2011-11-08 17:59:28 [Message] fib_1618 -> Chat: one side of the equation will then have the opportunity to take control of the near term action
2011-11-08 17:59:30 [Message] fib_1618 -> Chat: in this case
2011-11-08 17:59:39 [Message] fib_1618 -> Chat: with the MCO above its zero line
2011-11-08 17:59:55 [Message] fib_1618 -> Chat: and the MCSUM well above its zero line
2011-11-08 18:00:06 [Message] fib_1618 -> Chat: the odds will favor the bulls in taking this same control from neutrality
2011-11-08 18:00:09 [Message] fib_1618 -> Chat: and so they have
2011-11-08 18:00:30 [Message] fib_1618 -> Chat: the Volume Trend Oscillator remains "overbought"
2011-11-08 18:00:43 [Message] fib_1618 -> Chat: but also showing that a strong trend higher continues
2011-11-08 18:00:51 [Message] fib_1618 -> Chat: so for Hoon
2011-11-08 18:00:53 [Message] fib_1618 -> Chat: we have the CVI
2011-11-08 18:00:55 [Message] fib_1618 -> Chat: the STVO
2011-11-08 18:01:01 [Message] fib_1618 -> Chat: and the VTO that we review as well
2011-11-08 18:01:13 [Message] fib_1618 -> Chat: if you get DP, this will all make better sense to you...these are very similar to "On Balance Volume" indicators
2011-11-08 18:01:26 [Message] fib_1618 -> Chat: NYSE TRIN at .62
2011-11-08 18:01:36 [Message] fib_1618 -> Chat: Open 10 at .95
2011-11-08 18:01:56 [Message] fib_1618 -> Chat: so we've relieved some of the near term "oversold" readings here
2011-11-08 18:02:15 [Message] fib_1618 -> Chat: NASDAQ TRIN at .70
2011-11-08 18:02:35 [Message] fib_1618 -> Chat: Open 10 at .93
2011-11-08 18:02:43 [Message] fib_1618 -> Chat: good consistency here
2011-11-08 18:02:52 [Message] fib_1618 -> Chat: TM TRIN at .67
2011-11-08 18:03:07 [Message] fib_1618 -> Chat: Open 10 at .97
2011-11-08 18:03:11 [Message] fib_1618 -> Chat: so....
2011-11-08 18:03:19 [Message] fib_1618 -> Chat: the bulls remain with the ball here
2011-11-08 18:03:56 [Message] fib_1618 -> Chat: and now we're on the door step of some major overhead resistance areas
2011-11-08 18:04:12 [Message] fib_1618 -> Chat: with everything pointing to continued strength here
2011-11-08 18:04:31 [Message] fib_1618 -> Chat: any near term surprises will probably be to the upside
2011-11-08 18:04:47 [Message] fib_1618 -> Chat: with any bear swipes in their defense continuing to be quickly absorbed
2011-11-08 18:04:58 [Message] fib_1618 -> Chat: anything else?
2011-11-08 18:05:49 [Message] fib_1618 -> Chat: well...I hope you're all doing well
2011-11-08 18:05:56 [Message] thespookyone -> Chat: oils and financials look super
2011-11-08 18:06:14 [Message] fib_1618 -> Chat: gold, oil, they're all moving ahead and that's what we want
2011-11-08 18:06:35 [Message] thespookyone -> Chat: faucet turned wide open, eh?
2011-11-08 18:06:44 [Message] fib_1618 -> Chat: we'll know soon enough
2011-11-08 18:06:58 [Message] fib_1618 -> Chat: you weren't here earlier
2011-11-08 18:07:02 [Message] fib_1618 -> Chat: but we have the MCO
2011-11-08 18:07:05 [Message] fib_1618 -> Chat: the MCSUM
2011-11-08 18:07:06 [Message] fib_1618 -> Chat: price
2011-11-08 18:07:26 [Message] fib_1618 -> Chat: and the NYAD line all at pivotal longer term points in their patterns
2011-11-08 18:07:42 [Message] fib_1618 -> Chat: the NYAD line is less than 2500 net advancing issues now from all time highs
2011-11-08 18:07:42 [Message] thespookyone -> Chat: new granddaughter born tonite=but I'll check them all tonite
2011-11-08 18:07:51 [Message] fib_1618 -> Chat: CONGRATULATIONS!!!!
2011-11-08 18:07:57 [Message] thespookyone -> Chat: thanks!
2011-11-08 18:08:02 [Message] fib_1618 -> Chat: how many is that now?
2011-11-08 18:08:05 [Message] thespookyone -> Chat: 4
2011-11-08 18:08:11 [Message] fib_1618 -> Chat:
2011-11-08 18:08:15 [Message] thespookyone -> Chat: 2 of each
2011-11-08 18:08:24 [Message] thespookyone -> Chat: it's super!
2011-11-08 18:08:32 [Message] fib_1618 -> Chat: very happy for you...spoil them well!
2011-11-08 18:08:39 [Message] thespookyone -> Chat: will do
2011-11-08 18:08:46 [Message] fib_1618 -> Chat: OK...if there's nothing else
2011-11-08 18:08:49 [Message] fib_1618 -> Chat: I'm going to take off
2011-11-08 18:08:58 [Message] fib_1618 -> Chat: everyone have a great couple of days of trading
2011-11-08 18:09:03 [Message] thespookyone -> Chat: thx
2011-11-08 18:09:04 [Message] fib_1618 -> Chat: and we'll see how things look on Thursday
2011-11-08 18:09:06 [Message] fib_1618 -> Chat: good night
2011-11-08 18:09:08 [Message] EricD -> Chat: Thanks

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