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fib_1618

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Reply with quote  #1 
2012-12-11 16:00:11 [Message] fib_1618 -> Chat: good day
2012-12-11 16:00:17 [Message] fib_1618 -> Chat: how is everyone?
2012-12-11 16:02:02 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2012-12-11 16:02:26 [Message] steveftw -> Chat: It's ok, Dave....let's go.
2012-12-11 16:03:31 [Message] Rainy -> Chat: OK
2012-12-11 16:04:35 [Message] fib_1618 -> Chat: OK...let me get DP up and we'll get started
2012-12-11 16:05:10 [Message] fib_1618 -> Chat: after several days of small point changes
2012-12-11 16:05:20 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO moved higher today
2012-12-11 16:05:29 [Message] fib_1618 -> Chat: but hasn't as yet taken out its previous highs
2012-12-11 16:05:40 [Message] fib_1618 -> Chat: and as we look at the NYA
2012-12-11 16:06:08 [Message] fib_1618 -> Chat: we see that today was plenty enough to move composite prices above our November resistance area
2012-12-11 16:06:43 [Message] fib_1618 -> Chat: this now increases the likelihood that the November 16th lows will not be challenged for a while
2012-12-11 16:07:17 [Message] fib_1618 -> Chat: and this therefore increases the chances that the November lows were more important than we gave it credit for
2012-12-11 16:07:20 [Message] fib_1618 -> Chat: for now
2012-12-11 16:07:27 [Message] fib_1618 -> Chat: until we see the MCO move to higher highs
2012-12-11 16:07:50 [Message] fib_1618 -> Chat: we have now cleared the way to test the September/October price highs
2012-12-11 16:08:04 [Message] fib_1618 -> Chat: if we do take out the MCO highs
2012-12-11 16:08:13 [Message] fib_1618 -> Chat: we will then be on our way to new recovery highs overall
2012-12-11 16:08:26 [Message] fib_1618 -> Chat: it should be noted that the NYAD line moved to new all time highs today
2012-12-11 16:08:49 [Message] fib_1618 -> Chat: and the NAAD line broke above the declining tops line that we were discussing last week
2012-12-11 16:08:56 [Message] fib_1618 -> Chat: so this was a good day for the bulls
2012-12-11 16:09:14 [Message] fib_1618 -> Chat: I haven't looked at the NYUD and NAUD lines as yet
2012-12-11 16:09:23 [Message] fib_1618 -> Chat: but if they also broke above resistance
2012-12-11 16:09:42 [Message] fib_1618 -> Chat: this would give the all clear to start being a little more aggressive with our longs
2012-12-11 16:09:48 [Message] fib_1618 -> Chat: let me take a quick peak
2012-12-11 16:10:30 [Message] fib_1618 -> Chat: the NAUD closed right at its declining tops line today
2012-12-11 16:10:53 [Message] fib_1618 -> Chat: and the NYUD broke above this same line of negative influence
2012-12-11 16:11:13 [Message] fib_1618 -> Chat: so the volume McClellan's are probably going to in sync here with the breadth data
2012-12-11 16:11:32 [Message] fib_1618 -> Chat: also of special note today
2012-12-11 16:12:12 [Message] fib_1618 -> Chat: is that the NYSE CO breadth MCSUM did indeed break above the two areas of resistance we talked about as being important last week at the +250 level
2012-12-11 16:12:24 [Message] fib_1618 -> Chat: with a +256 reading
2012-12-11 16:13:03 [Message] fib_1618 -> Chat: so any follow through on Wednesday would then forecast our next likely area of possible resistance at the +500 level...our escape velocity level
2012-12-11 16:13:46 [Message] fib_1618 -> Chat: the NYSE composite breadth MCO also moved higher today after 5 straight days of small point changes
2012-12-11 16:14:08 [Message] fib_1618 -> Chat: but our near term problem here is that the composite MCO reading is lower than that of the CO data
2012-12-11 16:14:32 [Message] fib_1618 -> Chat: if the bulls can correct this inconsistency quickly, then we don't have to worry about it
2012-12-11 16:14:55 [Message] fib_1618 -> Chat: but the longer this continues, the more likely the chance that we're going to fail to move above the September/October price highs
2012-12-11 16:15:23 [Message] fib_1618 -> Chat: and from that we might have our last back and fill which "might" given us our mid December low
2012-12-11 16:15:38 [Message] fib_1618 -> Chat: so the line is drawn
2012-12-11 16:16:04 [Message] fib_1618 -> Chat: the NYSE breadth MCSUM itself continues to move higher
2012-12-11 16:16:25 [Message] fib_1618 -> Chat: with today's reading of +334
2012-12-11 16:16:56 [Message] fib_1618 -> Chat: so our short term target of the +500 level remains on the front burner for now
2012-12-11 16:17:34 [Message] fib_1618 -> Chat: I sure don't like the MCO structure here with nothing supporting below
2012-12-11 16:17:50 [Message] fib_1618 -> Chat: but until the market recognizes this
2012-12-11 16:18:00 [Message] fib_1618 -> Chat: we'll just continue to move along with the trend
2012-12-11 16:18:28 [Message] fib_1618 -> Chat: I don't think I've seen anything like it before
2012-12-11 16:18:40 [Message] fib_1618 -> Chat: it really is bizarre looking
2012-12-11 16:19:18 [Message] fib_1618 -> Chat: the NASDAQ breadth MCO also had a nice bounce higher today
2012-12-11 16:19:37 [Message] fib_1618 -> Chat: and looking at the components
2012-12-11 16:20:03 [Message] fib_1618 -> Chat: you can see how the 5% Trend was able to hug its zero line for about a week and then moved higher today
2012-12-11 16:20:20 [Message] fib_1618 -> Chat: this would suggest a lot of underlying strength right now
2012-12-11 16:20:31 [Message] fib_1618 -> Chat: maybe waiting for a answer from DC
2012-12-11 16:20:46 [Message] fib_1618 -> Chat: maybe thinking that gridlock is the best medicine
2012-12-11 16:20:50 [Message] fib_1618 -> Chat: who really knows
2012-12-11 16:21:04 [Message] fib_1618 -> Chat: looking at the NASDAQ breadth MCSUM
2012-12-11 16:21:30 [Message] fib_1618 -> Chat: and you can see how today's MCO reading provided a gap expansion to the upside today
2012-12-11 16:21:45 [Message] fib_1618 -> Chat: so we continue to look for zero line snapback there
2012-12-11 16:22:01 [Message] fib_1618 -> Chat: which we could see by the end of the week
2012-12-11 16:22:25 [Message] fib_1618 -> Chat: nice power move to the upside today on the NDX breadth MCO
2012-12-11 16:22:42 [Message] fib_1618 -> Chat: and it comes at the right time as the NDX breadth MCSUM passes up and through its zero line
2012-12-11 16:23:06 [Message] fib_1618 -> Chat: so the buyers put on an exclamation point as to who has current control of things
2012-12-11 16:23:38 [Message] fib_1618 -> Chat: the NDX MCO pattern itself continues to meet our expectations of a complex pattern above the zero line
2012-12-11 16:23:43 [Message] fib_1618 -> Chat: and as long as this continues
2012-12-11 16:23:52 [Message] fib_1618 -> Chat: the MCSUM will see higher readings
2012-12-11 16:24:12 [Message] fib_1618 -> Chat: and this would also indicate that the NDX A/D line continues to be rising during this time
2012-12-11 16:24:23 [Message] fib_1618 -> Chat: let me take a look at it for a moment
2012-12-11 16:24:52 [Message] fib_1618 -> Chat: ha...interesting
2012-12-11 16:25:12 [Message] fib_1618 -> Chat: guess which sector is the strongest sector right now per the McClellan Oscillator
2012-12-11 16:25:54 [Message] fib_1618 -> Chat: the NDX A/D line is back above its 50 day MA
2012-12-11 16:26:00 [Message] fib_1618 -> Chat: and that sector is....
2012-12-11 16:26:11 [Message] fib_1618 -> Chat: gold miners...GDX
2012-12-11 16:27:07 [Message] fib_1618 -> Chat: Stephen...are you there?
2012-12-11 16:28:05 [Message] fib_1618 -> Chat: well, when you read this...remember also that we had XAU divergence this past weekend
2012-12-11 16:28:19 [Message] fib_1618 -> Chat: so the miners might be perking up here at gold's support area
2012-12-11 16:28:38 [Message] fib_1618 -> Chat: definitely something to watch
2012-12-11 16:29:18 [Message] fib_1618 -> Chat: back to the NDX breadth MCSUM
2012-12-11 16:29:38 [Message] fib_1618 -> Chat: and if we can now clear the triple top formation seen on the chart
2012-12-11 16:29:46 [Message] fib_1618 -> Chat: that would give us the "all clear" here as well
2012-12-11 16:30:16 [Message] fib_1618 -> Chat: the SPX breadth MCO closed right at its previous highs
2012-12-11 16:30:34 [Message] fib_1618 -> Chat: and the SPX breadth MCSUM closed right at the +250 level today with a +248
2012-12-11 16:30:42 [Message] fib_1618 -> Chat: so as we talked about last week
2012-12-11 16:30:53 [Message] fib_1618 -> Chat: in order for this to "work together"
2012-12-11 16:31:11 [Message] fib_1618 -> Chat: we would want to see the MCO moved to new highs to help the MCSUM clear the +250 level of resistance
2012-12-11 16:31:37 [Message] fib_1618 -> Chat: kinda getting the feeling that Wednesday is going to be one of this character days for the bulls
2012-12-11 16:31:47 [Message] fib_1618 -> Chat: when is the FED meeting?
2012-12-11 16:32:05 [Message] thespookyone -> Chat: tomorrow, 2:30
2012-12-11 16:32:27 [Message] fib_1618 -> Chat: QE4ever maybe?
2012-12-11 16:32:38 [Message] fib_1618 -> Chat: one thing's for sure
2012-12-11 16:32:46 [Message] fib_1618 -> Chat: if there is a stalemate up on the hill
2012-12-11 16:33:34 [Message] fib_1618 -> Chat: maybe the FED is thinking that they will have to flood the market even more to offset any fall out from that
2012-12-11 16:33:55 [Message] fib_1618 -> Chat: and that would push gold prices higher
2012-12-11 16:34:06 [Message] fib_1618 -> Chat: and allow equity traders to buy with both hands
2012-12-11 16:34:15 [Message] fib_1618 -> Chat: keep in mind
2012-12-11 16:34:32 [Message] fib_1618 -> Chat: that the current equity market liquidity flow is based on QE2
2012-12-11 16:34:41 [Message] fib_1618 -> Chat: and that isn't going to run dry until the spring
2012-12-11 16:35:04 [Message] fib_1618 -> Chat: where we have a forecasted top by the MCSUM to deal with as well in the April/May period
2012-12-11 16:35:25 [Message] fib_1618 -> Chat: getting mighty interesting
2012-12-11 16:35:52 [Message] fib_1618 -> Chat: looks like new highs in the OEX breadth MCO
2012-12-11 16:36:23 [Message] fib_1618 -> Chat: and the OEX breadth MCSUM is running lock step with the SPX right now with a reading of +236
2012-12-11 16:36:47 [Message] fib_1618 -> Chat: the 10% component though is getting a bit frothy here
2012-12-11 16:36:58 [Message] fib_1618 -> Chat: but we still have some room for further gains
2012-12-11 16:37:06 [Message] fib_1618 -> Chat: before we exhaust ourselves
2012-12-11 16:37:28 [Message] fib_1618 -> Chat: definitely new highs on the Dow breadth MCO today
2012-12-11 16:37:41 [Message] fib_1618 -> Chat: so this now extends the current time it will take for a likely top to early next year
2012-12-11 16:37:46 [Message] fib_1618 -> Chat: so...based on that
2012-12-11 16:37:54 [Message] fib_1618 -> Chat: the mid November lows were our price lows
2012-12-11 16:38:27 [Message] fib_1618 -> Chat: we have also met the upside target of the early November consolidation pattern today
2012-12-11 16:38:28 [Message] fib_1618 -> Chat: in fact
2012-12-11 16:38:50 [Message] fib_1618 -> Chat: once prices hit that resistance intraday today, we wound up with a mid range close
2012-12-11 16:39:28 [Message] fib_1618 -> Chat: the 10% Index here is now in exhaustion territory
2012-12-11 16:40:12 [Message] fib_1618 -> Chat: while the Dow breadth MCSUM has cleared the +250 level AND the small ledge we see at the end of October
2012-12-11 16:40:33 [Message] fib_1618 -> Chat: so a test of the September/October price highs is now indicated
2012-12-11 16:40:52 [Message] fib_1618 -> Chat: and if we can get other index MCO's moving to new highs
2012-12-11 16:41:02 [Message] fib_1618 -> Chat: this would clear the way for new recovery price highs
2012-12-11 16:41:24 [Message] fib_1618 -> Chat: with out next area of price resistance at the all time highs
2012-12-11 16:41:58 [Message] fib_1618 -> Chat: the MID breadth MCO also moved higher today
2012-12-11 16:42:13 [Message] fib_1618 -> Chat: and this confirms the price pattern breakout in the MID we saw today
2012-12-11 16:42:37 [Message] fib_1618 -> Chat: what we need now, however, is for the MID breadth MCSUM to reach escape velocity with a reading above +500
2012-12-11 16:42:51 [Message] fib_1618 -> Chat: and with the today's reading of +447
2012-12-11 16:43:00 [Message] fib_1618 -> Chat: we can do this as soon as tomorrow
2012-12-11 16:43:09 [Message] fib_1618 -> Chat: and with it
2012-12-11 16:43:18 [Message] fib_1618 -> Chat: new all time price highs in the MID will be seen
2012-12-11 16:43:31 [Message] fib_1618 -> Chat: by the way
2012-12-11 16:43:53 [Message] fib_1618 -> Chat: did everyone notice the new highs in the FTSE and DAX A/D lines this past weekend?
2012-12-11 16:44:03 [Message] fib_1618 -> Chat: I'm trying to get confirmation
2012-12-11 16:44:18 [Message] fib_1618 -> Chat: but I'm pretty sure that the highs in the DAX are also all time highs
2012-12-11 16:44:35 [Message] fib_1618 -> Chat: I hope to have that confirmation by this coming weekends review
2012-12-11 16:44:45 [Message] fib_1618 -> Chat: pretty amazing...considering
2012-12-11 16:45:05 [Message] fib_1618 -> Chat: these are the times in which we see many new faces in technical analysis
2012-12-11 16:45:28 [Message] fib_1618 -> Chat: since they get so frustrated trying to fundamentally trade on the news of the day
2012-12-11 16:45:47 [Message] fib_1618 -> Chat: and then get all bruised up in the process
2012-12-11 16:46:14 [Message] fib_1618 -> Chat: nice bounce as well with the SML breadth MCO
2012-12-11 16:46:55 [Message] fib_1618 -> Chat: and this was able to push SML prices above their first resistance point...the early November highs
2012-12-11 16:47:16 [Message] fib_1618 -> Chat: with a close above 470 pretty much giving us the "all clear" here as well
2012-12-11 16:47:53 [Message] fib_1618 -> Chat: especially now that the SML breadth MCSUM has about to clear its +250 level
2012-12-11 16:48:11 [Message] fib_1618 -> Chat: with a current reading of +239
2012-12-11 16:48:18 [Message] fib_1618 -> Chat: we should do that on Wednesday
2012-12-11 16:48:51 [Message] fib_1618 -> Chat: and with it...this will allow prices above this same 470 level of resistance
2012-12-11 16:49:14 [Message] fib_1618 -> Chat: rogue waves...hate them
2012-12-11 16:49:46 [Message] fib_1618 -> Chat: so did the Poseidon
2012-12-11 16:50:16 [Message] fib_1618 -> Chat: and a meek bounce in the TM breadth MCO today
2012-12-11 16:50:20 [Message] fib_1618 -> Chat: and as we can see
2012-12-11 16:50:28 [Message] thespookyone -> Chat: are you saying the Bears are in a submarine? LOL
2012-12-11 16:50:49 [Message] fib_1618 -> Chat: we are still far and away from giving us any kind of high confidence reading here
2012-12-11 16:51:02 [Message] fib_1618 -> Chat: naw...their ship has just turned over
2012-12-11 16:51:12 [Message] fib_1618 -> Chat: in order to get out
2012-12-11 16:51:19 [Message] fib_1618 -> Chat: they have to go to the bottom of the ship!
2012-12-11 16:51:31 [Message] fib_1618 -> Chat: but seriously
2012-12-11 16:51:50 [Message] fib_1618 -> Chat: the rogue wave I'm referring to is the one that hit the market after the election
2012-12-11 16:51:56 [Message] fib_1618 -> Chat: remembering back then
2012-12-11 16:52:17 [Message] fib_1618 -> Chat: we had all the ingredients for a mid November bottom get blown out
2012-12-11 16:52:23 [Message] fib_1618 -> Chat: and then that wave hit
2012-12-11 16:52:37 [Message] fib_1618 -> Chat: and turned our ship over
2012-12-11 16:52:45 [Message] thespookyone -> Chat: yep
2012-12-11 16:52:51 [Message] fib_1618 -> Chat: and now...we're back above the water line
2012-12-11 16:53:07 [Message] fib_1618 -> Chat: I can't explain it any other way
2012-12-11 16:53:25 [Message] fib_1618 -> Chat: very surprising...but if we think about it
2012-12-11 16:53:41 [Message] fib_1618 -> Chat: it allowed any kind of indecision to be cleared out
2012-12-11 16:53:50 [Message] fib_1618 -> Chat: and we got so many bears out of that decline
2012-12-11 16:54:02 [Message] fib_1618 -> Chat: and you know bulls...they just love negative sentiment
2012-12-11 16:54:24 [Message] fib_1618 -> Chat: break-a-way gap to the upside on 11/19
2012-12-11 16:54:29 [Message] fib_1618 -> Chat: and we haven't looked back
2012-12-11 16:54:35 [Message] fib_1618 -> Chat: if we continue here
2012-12-11 16:54:47 [Message] fib_1618 -> Chat: it would be the greatest bear trap I've ever seen
2012-12-11 16:55:14 [Message] fib_1618 -> Chat: moving to the sectors
2012-12-11 16:55:26 [Message] fib_1618 -> Chat: we see that the XLY breadth MCSUM remains below its zero line
2012-12-11 16:55:41 [Message] fib_1618 -> Chat: and, in fact, has a current reading of -15
2012-12-11 16:55:55 [Message] fib_1618 -> Chat: so both sides of opinion here are equal
2012-12-11 16:55:57 [Message] fib_1618 -> Chat: and when that happens
2012-12-11 16:56:02 [Message] fib_1618 -> Chat: one side is about to take control
2012-12-11 16:56:11 [Message] fib_1618 -> Chat: and meanwhile
2012-12-11 16:56:22 [Message] fib_1618 -> Chat: prices here remain at their all time highs
2012-12-11 16:56:34 [Message] fib_1618 -> Chat: so any boost above the MCSUM zero line here
2012-12-11 16:56:49 [Message] fib_1618 -> Chat: would be what the buyers will need to break above these same price pattern highs
2012-12-11 16:56:54 [Message] fib_1618 -> Chat: so watch this one on Wednesday
2012-12-11 16:57:21 [Message] fib_1618 -> Chat: look also at how the components have remained stubbornly above their zero lines
2012-12-11 16:57:43 [Message] fib_1618 -> Chat: if one would bet here...one would think that the odds favor the bulls
2012-12-11 16:57:59 [Message] fib_1618 -> Chat: whew...
2012-12-11 16:58:09 [Message] fib_1618 -> Chat: look at all the money moving into the Staples sector
2012-12-11 16:58:32 [Message] fib_1618 -> Chat: and notice the beautiful complex MCO bullish pattern above the zero line
2012-12-11 16:58:41 [Message] fib_1618 -> Chat: yep...the bulls have all the control here
2012-12-11 16:59:02 [Message] fib_1618 -> Chat: today's rally failed to close at all time highs
2012-12-11 16:59:08 [Message] fib_1618 -> Chat: so after a quick reset
2012-12-11 16:59:41 [Message] fib_1618 -> Chat: we should see the upside break out to new all time highs over the short term...probably by the end of this week
2012-12-11 16:59:46 [Message] fib_1618 -> Chat: another one to watch
2012-12-11 17:00:17 [Message] fib_1618 -> Chat: the XLE breadth MCO continues showing constructive behavior
2012-12-11 17:00:29 [Message] fib_1618 -> Chat: with bottoms above bottoms supporting the pattern
2012-12-11 17:01:02 [Message] fib_1618 -> Chat: like the XLY, the XLE breadth MCSUM is also still a bit below its zero line with a -87 reading
2012-12-11 17:01:36 [Message] fib_1618 -> Chat: but any near term strength here would certainly allow the bulls to take control here as well
2012-12-11 17:02:01 [Message] fib_1618 -> Chat: and in order to break above the early November price highs
2012-12-11 17:02:30 [Message] fib_1618 -> Chat: both the MCO (higher highs) and the MCSUM (above zero) will need to make this effort a reality
2012-12-11 17:02:44 [Message] fib_1618 -> Chat: so something else to watch for near term
2012-12-11 17:03:22 [Message] fib_1618 -> Chat: the XLF breadth MCO continues to have its struggles of moving above the +50 level
2012-12-11 17:03:52 [Message] fib_1618 -> Chat: but any break above this level would be a highly bullish event given that the XLF breadth MCSUM has already moved above the +250 level
2012-12-11 17:04:21 [Message] fib_1618 -> Chat: no less the small double top formations we see in the October period
2012-12-11 17:04:43 [Message] fib_1618 -> Chat: so it would seem that if this MCSUM were to move to above escape velocity
2012-12-11 17:04:52 [Message] fib_1618 -> Chat: we will need to see added fuel to do so
2012-12-11 17:05:02 [Message] fib_1618 -> Chat: so...we'll keep an eye on this one as well
2012-12-11 17:05:04 [Message] thespookyone -> Chat: some of the individual stocks there are waking up pretty well...
2012-12-11 17:05:26 [Message] fib_1618 -> Chat: boy...how easy is this getting when you have everything working in unison?
2012-12-11 17:05:39 [Message] fib_1618 -> Chat: MS for one
2012-12-11 17:05:42 [Message] fib_1618 -> Chat: love that stock
2012-12-11 17:05:49 [Message] fib_1618 -> Chat: JPM for another
2012-12-11 17:05:59 [Message] thespookyone -> Chat: yep
2012-12-11 17:06:07 [Message] fib_1618 -> Chat: the kicker with MS is their exposure in Europe
2012-12-11 17:06:29 [Message] fib_1618 -> Chat: and as long as money continues to flow into the DAX and FTSE...MS should continue to do well
2012-12-11 17:06:34 [Message] fib_1618 -> Chat: let me see how it did today
2012-12-11 17:06:53 [Message] fib_1618 -> Chat: up 4%
2012-12-11 17:07:03 [Message] fib_1618 -> Chat: with a break-away gap to the upside
2012-12-11 17:07:15 [Message] fib_1618 -> Chat: and HUGE volume
2012-12-11 17:07:21 [Message] fib_1618 -> Chat: strong buy signal there
2012-12-11 17:07:38 [Message] thespookyone -> Chat: COF is my favorite sleeper-just love the chart
2012-12-11 17:08:14 [Message] fib_1618 -> Chat: then you have to like MS
2012-12-11 17:08:17 [Message] fib_1618 -> Chat: and its only at 18
2012-12-11 17:08:20 [Message] thespookyone -> Chat: yep
2012-12-11 17:08:55 [Message] fib_1618 -> Chat: 300 shares to 100...I like the leverage there
2012-12-11 17:09:15 [Message] fib_1618 -> Chat: anyway...as we've been talking about for a while
2012-12-11 17:09:25 [Message] fib_1618 -> Chat: as the financials go, so goes the market for now
2012-12-11 17:09:42 [Message] fib_1618 -> Chat: and very few are touting the financials here
2012-12-11 17:10:04 [Message] fib_1618 -> Chat: which makes them a great contrarian candidate as well
2012-12-11 17:10:26 [Message] fib_1618 -> Chat: breakout to the upside on the XLV breadth MCO!
2012-12-11 17:10:28 [Message] fib_1618 -> Chat: and with it
2012-12-11 17:10:59 [Message] fib_1618 -> Chat: a large gap expansion to the upside above the +500 level in the XLV breadth MCSUM
2012-12-11 17:11:14 [Message] fib_1618 -> Chat: strong buy signal there as well
2012-12-11 17:12:19 [Message] fib_1618 -> Chat: the XLP is yielding 2.65%
2012-12-11 17:12:29 [Message] fib_1618 -> Chat: the XLV is yielding 1.95%
2012-12-11 17:12:45 [Message] fib_1618 -> Chat: oh my goodness
2012-12-11 17:12:53 [Message] fib_1618 -> Chat: look at the XLI breadth MCO!
2012-12-11 17:13:03 [Message] fib_1618 -> Chat: higher highs there as well
2012-12-11 17:13:17 [Message] fib_1618 -> Chat: and the XLI breadth MCSUM continues to scream higher
2012-12-11 17:13:30 [Message] fib_1618 -> Chat: now above the +750 level
2012-12-11 17:13:40 [Message] fib_1618 -> Chat: and approaching its 52 week highs
2012-12-11 17:13:49 [Message] fib_1618 -> Chat: so let's look at the 3 year chart for context
2012-12-11 17:14:36 [Message] fib_1618 -> Chat: OK...we need to clear the January MCSUM highs for prices to stay in new all time high territory
2012-12-11 17:14:41 [Message] fib_1618 -> Chat: but as a reminder
2012-12-11 17:14:57 [Message] fib_1618 -> Chat: since the XLI is so closely correlated to the Dow and Transports
2012-12-11 17:15:08 [Message] fib_1618 -> Chat: this promises good things for the bulls short term
2012-12-11 17:15:37 [Message] fib_1618 -> Chat: and what do you know?
2012-12-11 17:15:50 [Message] fib_1618 -> Chat: we have a buy signal on the XLB now
2012-12-11 17:16:15 [Message] fib_1618 -> Chat: and this helps with the idea of the precious metals maybe being close to a bottom
2012-12-11 17:16:54 [Message] fib_1618 -> Chat: so once we clear the August/September MCSUM peaks
2012-12-11 17:17:01 [Message] fib_1618 -> Chat: we should be good to go there
2012-12-11 17:17:12 [Message] fib_1618 -> Chat: boy...how this one has changed in a week
2012-12-11 17:17:26 [Message] fib_1618 -> Chat: <whistle>
2012-12-11 17:17:37 [Message] fib_1618 -> Chat: look at the money coming into the XLK now
2012-12-11 17:17:51 [Message] fib_1618 -> Chat: STRONG buy signal there
2012-12-11 17:18:12 [Message] fib_1618 -> Chat: and once prices realize it
2012-12-11 17:18:20 [Message] fib_1618 -> Chat: it should be go-go-go
2012-12-11 17:18:42 [Message] fib_1618 -> Chat: at least a test of the September highs now
2012-12-11 17:18:52 [Message] fib_1618 -> Chat: and that's a 10% move by itself
2012-12-11 17:19:26 [Message] fib_1618 -> Chat: and the XLU breadth MCO continues to show a complex formation
2012-12-11 17:19:40 [Message] fib_1618 -> Chat: giving the XLU breadth MCSUM the opportunity to continue to rise
2012-12-11 17:19:47 [Message] fib_1618 -> Chat: and now it's back above the -1000 level
2012-12-11 17:20:01 [Message] fib_1618 -> Chat: given how "oversold" we've been here
2012-12-11 17:20:28 [Message] fib_1618 -> Chat: and that the XLU has already gained 3%
2012-12-11 17:20:54 [Message] fib_1618 -> Chat: as this MCSUM gets higher, the potential here for upside price gains should be quite robust
2012-12-11 17:21:04 [Message] fib_1618 -> Chat: so continued accumulation remains there
2012-12-11 17:21:06 [Message] fib_1618 -> Chat: so...
2012-12-11 17:21:19 [Message] fib_1618 -> Chat: the bulls are flexing their muscles now
2012-12-11 17:21:26 [Message] fib_1618 -> Chat: and the bears are pretty much done for now
2012-12-11 17:21:53 [Message] fib_1618 -> Chat: leadership is now expanding beyond the defensive, industrial and tech areas
2012-12-11 17:22:23 [Message] fib_1618 -> Chat: with the only caveat is the overall weakness we see with the TM breadth MCSUM
2012-12-11 17:22:37 [Message] fib_1618 -> Chat: one would have to say that much of this weakness is coming with the NASDAQ
2012-12-11 17:22:53 [Message] fib_1618 -> Chat: but with the NAAD line breaking above pattern resistance today
2012-12-11 17:23:11 [Message] fib_1618 -> Chat: we should be in catch up mode for a bit
2012-12-11 17:23:28 [Message] fib_1618 -> Chat: let's see how the volume McClellan's are doing
2012-12-11 17:24:00 [Message] fib_1618 -> Chat: the CO NYSE volume MCO continues to lead its breadth counterpart to the upside
2012-12-11 17:24:26 [Message] fib_1618 -> Chat: and the CO NYSE volume MCSUM cleared the +250 level today
2012-12-11 17:24:47 [Message] fib_1618 -> Chat: and this helped prices to move above their resistance point
2012-12-11 17:25:25 [Message] fib_1618 -> Chat: the NYSE composite volume MCO is showing a bit more strength than the CO data
2012-12-11 17:25:30 [Message] fib_1618 -> Chat: so that's a good omen
2012-12-11 17:26:22 [Message] fib_1618 -> Chat: as it would appear that the NYSE composite volume MCSUM is trying now to overtake the CO MCSUM
2012-12-11 17:26:33 [Message] fib_1618 -> Chat: so we'll see how that sorts out
2012-12-11 17:27:02 [Message] fib_1618 -> Chat: the NASDAQ volume MCSUM is now within 50 data points of its +250 level
2012-12-11 17:27:28 [Message] fib_1618 -> Chat: and if the NASDAQ volume MCO stays in around today's levels
2012-12-11 17:27:53 [Message] fib_1618 -> Chat: we should be above that MCSUM level by tomorrow
2012-12-11 17:28:13 [Message] fib_1618 -> Chat: and with it...prices can then break above their November price highs
2012-12-11 17:28:41 [Message] fib_1618 -> Chat: the NDX volume MCSUM is now in the clear above its zero line
2012-12-11 17:29:00 [Message] fib_1618 -> Chat: and the longer we can keep the NDX volume MCO above the +50 level
2012-12-11 17:29:15 [Message] fib_1618 -> Chat: the better for the development of the current uptrend
2012-12-11 17:29:35 [Message] fib_1618 -> Chat: no structural problems there
2012-12-11 17:30:22 [Message] fib_1618 -> Chat: remembering that this was the chart that gave us the indication that the 11/16 lows might turn out to be very important with the series of bottoms above bottoms in the MCO pattern prior to its breaking back above the zero line
2012-12-11 17:30:57 [Message] fib_1618 -> Chat: and expect Apple to play a big part in this now...looks like the lows are in after last weeks shake out
2012-12-11 17:31:14 [Message] fib_1618 -> Chat: higher highs today in the SPX volume MCO
2012-12-11 17:31:31 [Message] fib_1618 -> Chat: but not so with the OEX volume MCO
2012-12-11 17:31:55 [Message] fib_1618 -> Chat: though both the SPX and OEX volume MCSUM are fully in sync here to the upside
2012-12-11 17:32:00 [Message] fib_1618 -> Chat: heck...
2012-12-11 17:32:06 [Message] fib_1618 -> Chat: the whole market is in bullish sync right now
2012-12-11 17:32:36 [Message] fib_1618 -> Chat: the MID volume MCSUM is now above the +500 level
2012-12-11 17:32:49 [Message] fib_1618 -> Chat: strong buy there continues
2012-12-11 17:33:10 [Message] fib_1618 -> Chat: and the SML volume MCSUM is back above its zero line now
2012-12-11 17:33:45 [Message] fib_1618 -> Chat: so we should see increasing daily strength in the price action of the SML itself
2012-12-11 17:34:19 [Message] fib_1618 -> Chat: and the TM volume MCSUM is leading its breadth cousin to the upside
2012-12-11 17:34:36 [Message] fib_1618 -> Chat: and it should clear the +250 level tomorrow
2012-12-11 17:34:38 [Message] fib_1618 -> Chat: so...
2012-12-11 17:34:45 [Message] fib_1618 -> Chat: steady as she goes boys and girls
2012-12-11 17:35:18 [Message] fib_1618 -> Chat: at this point...following sector leadership are our best allies here
2012-12-11 17:35:31 [Message] fib_1618 -> Chat: and let everyone else worry about the news
2012-12-11 17:36:14 [Message] fib_1618 -> Chat: on to the volume oscillators
2012-12-11 17:36:57 [Message] fib_1618 -> Chat: the market is minimally climactic here
2012-12-11 17:37:05 [Message] fib_1618 -> Chat: the lone exception is the SPX
2012-12-11 17:37:15 [Message] fib_1618 -> Chat: the STVO's are well "overbought"
2012-12-11 17:37:33 [Message] fib_1618 -> Chat: and this is allowing the VTO"s  to continue higher as was our expectation from last week
2012-12-11 17:37:50 [Message] fib_1618 -> Chat: NYSE TRIN at .90
2012-12-11 17:37:58 [Message] fib_1618 -> Chat: Open 10 at .83
2012-12-11 17:38:04 [Message] fib_1618 -> Chat: close to "overbought"
2012-12-11 17:38:22 [Message] fib_1618 -> Chat: NASDAQ TRIN at .69
2012-12-11 17:38:30 [Message] fib_1618 -> Chat: Open 10 at .83
2012-12-11 17:38:41 [Message] fib_1618 -> Chat: close to "overbought" there too
2012-12-11 17:38:51 [Message] fib_1618 -> Chat: TM TRIN at .70
2012-12-11 17:39:02 [Message] fib_1618 -> Chat: Open 10 at .84
2012-12-11 17:39:05 [Message] fib_1618 -> Chat: so...
2012-12-11 17:39:17 [Message] fib_1618 -> Chat: we're getting close to some sort of near term exhaustion here
2012-12-11 17:39:35 [Message] fib_1618 -> Chat: but it looks to be part of a initiation phase as opposed to a blow off
2012-12-11 17:39:50 [Message] fib_1618 -> Chat: could be that money is moving in "on the come"
2012-12-11 17:40:00 [Message] fib_1618 -> Chat: and once the news is known
2012-12-11 17:40:10 [Message] fib_1618 -> Chat: we can then have a good old fashioned shake out
2012-12-11 17:40:45 [Message] fib_1618 -> Chat: momentum here is strong enough, however, to at least see a challenge of the fall highs before we have a chance to see this come about
2012-12-11 17:41:00 [Message] fib_1618 -> Chat: so, for now, the bulls scored their touchdown today
2012-12-11 17:41:14 [Message] fib_1618 -> Chat: and might be going for the two point conversion tomorrow
2012-12-11 17:41:25 [Message] fib_1618 -> Chat: we'll see how it all lays out when we meet up then
2012-12-11 17:41:28 [Message] fib_1618 -> Chat: anything else?
2012-12-11 17:41:53 [Message] fib_1618 -> Chat: a lot of head shaking stuff tonight
2012-12-11 17:42:53 [Message] fib_1618 -> Chat: hopefully everyone is doing well with this advance
2012-12-11 17:43:30 [Message] fib_1618 -> Chat: OK...well, if there's nothing else...remember we have another session tomorrow, Wednesday
2012-12-11 17:43:35 [Message] thespookyone -> Chat: so far, so good
2012-12-11 17:43:36 [Message] fib_1618 -> Chat: and then we have another on Thursday
2012-12-11 17:43:51 [Message] fib_1618 -> Chat: with OPEX next week
2012-12-11 17:43:53 [Message] fib_1618 -> Chat: which means
2012-12-11 17:43:57 [Message] fib_1618 -> Chat: tomorrow is....?
2012-12-11 17:44:03 [Message] thespookyone -> Chat: WWW
2012-12-11 17:44:11 [Message] fib_1618 -> Chat: yes sirree
2012-12-11 17:44:21 [Message] thespookyone -> Chat: Wild Wacky Wednesday
2012-12-11 17:44:35 [Message] fib_1618 -> Chat: and the rollover day for the big boys into March futures
2012-12-11 17:44:53 [Message] fib_1618 -> Chat: so volume could be huge
2012-12-11 17:45:04 [Message] fib_1618 -> Chat: which would work well with the data we reviewed tonight
2012-12-11 17:45:11 [Message] fib_1618 -> Chat: we'll see how it goes
2012-12-11 17:45:20 [Message] fib_1618 -> Chat: OK...everyone have a great evening
2012-12-11 17:45:29 [Message] fib_1618 -> Chat: and we'll see how things are about 22 hours from now
2012-12-11 17:45:30 [Message] fib_1618 -> Chat: good night

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