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Posts: 5,135
Reply with quote  #1 
2012-12-13 16:00:04 [Message] fib_1618 -> Chat: good day
2012-12-13 16:00:09 [Message] fib_1618 -> Chat: how is everyone?
2012-12-13 16:00:24 [Message] fib_1618 -> Chat: well, loooking at the board, everyone is out having coffee!
2012-12-13 16:00:40 [Message] fib_1618 -> Chat: execept this fellow from Ohio
2012-12-13 16:01:05 [Message] thespookyone -> Chat: LOL
2012-12-13 16:01:31 [Message] fib_1618 -> Chat: never was a coffee drinker...missed out on all the fraps and lattes
2012-12-13 16:01:50 [Message] thespookyone -> Chat: saving lots of five dollar bills
2012-12-13 16:02:04 [Message] fib_1618 -> Chat: I can't believe how much some are
2012-12-13 16:02:17 [Message] fib_1618 -> Chat: what a racket
2012-12-13 16:02:21 [Message] thespookyone -> Chat: and man, the Starbucks by me is doing GANGBUSTERS business
2012-12-13 16:02:45 [Message] fib_1618 -> Chat: next to Tequila, coffee is the greatest legal drug there is out there
2012-12-13 16:03:13 [Message] fib_1618 -> Chat: have any questions or comments?
2012-12-13 16:03:28 [Message] thespookyone -> Chat: touchy market
2012-12-13 16:03:35 [Message] fib_1618 -> Chat: naw
2012-12-13 16:03:42 [Message] fib_1618 -> Chat: just a snapback
2012-12-13 16:03:48 [Message] fib_1618 -> Chat: we talked about this yesterday
2012-12-13 16:04:12 [Message] thespookyone -> Chat: sure, I just meant the news marketing
2012-12-13 16:04:17 [Message] fib_1618 -> Chat: oh
2012-12-13 16:04:19 [Message] fib_1618 -> Chat: yea
2012-12-13 16:04:22 [Message] fib_1618 -> Chat: deadline here
2012-12-13 16:04:27 [Message] fib_1618 -> Chat: deadline there
2012-12-13 16:04:35 [Message] fib_1618 -> Chat: it's all for show
2012-12-13 16:04:55 [Message] thespookyone -> Chat: these dogs are on the stage every day-it sure is!
2012-12-13 16:05:03 [Message] fib_1618 -> Chat: I love the polls showing that people want their taxes raised!
2012-12-13 16:05:35 [Message] thespookyone -> Chat: yep
2012-12-13 16:05:37 [Message] fib_1618 -> Chat: must be all those drugs that people took in the 1960's and 1970's
2012-12-13 16:05:44 [Message] thespookyone -> Chat: LOL
2012-12-13 16:05:58 [Message] fib_1618 -> Chat: OK..enough of this chitter chat
2012-12-13 16:06:04 [Message] fib_1618 -> Chat: let me get DP up and we'll get started
2012-12-13 16:06:31 [Message] fib_1618 -> Chat: as was our expectation from yesterday
2012-12-13 16:06:49 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO broke below its complex pattern structure today
2012-12-13 16:07:02 [Message] fib_1618 -> Chat: and we are now moving to or towards the zero line
2012-12-13 16:07:15 [Message] fib_1618 -> Chat: this has now slowed the upside progress of the CO NYSE breadth MCSUM
2012-12-13 16:07:36 [Message] fib_1618 -> Chat: still needing 180 data points to reach the magical +500 level
2012-12-13 16:07:46 [Message] fib_1618 -> Chat: looking at the components
2012-12-13 16:08:07 [Message] fib_1618 -> Chat: and we see that the 10% Trend is now close to touching the 5% component
2012-12-13 16:08:16 [Message] fib_1618 -> Chat: so we could see a bounce as soon as tomorrow
2012-12-13 16:08:35 [Message] fib_1618 -> Chat: and this would serve as our technical snapback to what was previous support in the MCO
2012-12-13 16:09:03 [Message] fib_1618 -> Chat: moving to the composite NYSE breadth MCO
2012-12-13 16:09:24 [Message] fib_1618 -> Chat: and the weakness we saw compared to the CO data shows up nicely here as this MCO has now fully snapped back to its zero line today with a reading of +2
2012-12-13 16:09:45 [Message] fib_1618 -> Chat: and looking at the components here
2012-12-13 16:10:37 [Message] fib_1618 -> Chat: and we see that the 10% has now moved back to test support that the 5% should provide
2012-12-13 16:10:48 [Message] fib_1618 -> Chat: so we should expect a bounce here as soon as Friday
2012-12-13 16:11:13 [Message] fib_1618 -> Chat: this bounce will then serve as our technical bounce off of the snapback pattern we see in the NYA price chart
2012-12-13 16:12:09 [Message] fib_1618 -> Chat: having just filled the pattern gap we see that took place this past Tuesday when we got our obligatory pop from our tightly wound compression pattern
2012-12-13 16:12:35 [Message] fib_1618 -> Chat: taking ruler to monitor
2012-12-13 16:12:51 [Message] fib_1618 -> Chat: and the rising bottoms line that has been in force since the 11/16 lows was indeed broken today
2012-12-13 16:12:55 [Message] fib_1618 -> Chat: so at this point
2012-12-13 16:13:32 [Message] fib_1618 -> Chat: it would appear that we have started the process of meeting our time objective of a mid December bottom
2012-12-13 16:13:53 [Message] fib_1618 -> Chat: let me get up a chart of the NYA for Fib moment
2012-12-13 16:15:09 [Message] fib_1618 -> Chat: the .618 target is coming out to 8066 on the NYA
2012-12-13 16:15:35 [Message] fib_1618 -> Chat: which would be the same level as the intraday lows seen the week after Thanksgiving
2012-12-13 16:16:10 [Message] fib_1618 -> Chat: 8137 on the 50%
2012-12-13 16:16:40 [Message] fib_1618 -> Chat: and 8206 for the .382 retracement
2012-12-13 16:17:02 [Message] fib_1618 -> Chat: which would be within the just finished consolidation of last week
2012-12-13 16:17:18 [Message] fib_1618 -> Chat: we'll play with the SPX in a moment
2012-12-13 16:17:59 [Message] fib_1618 -> Chat: but, for now, the near term expectation for the NYSE composite breadth MCO is for a bounce back up to the +25 level
2012-12-13 16:18:13 [Message] fib_1618 -> Chat: and then we'll see how things will be handled for next week
2012-12-13 16:18:19 [Message] fib_1618 -> Chat: moving to the NASDAQ
2012-12-13 16:18:45 [Message] fib_1618 -> Chat: and we have a top beneath a top in the NASDAQ breadth MCO
2012-12-13 16:18:50 [Message] fib_1618 -> Chat: and a divergent one at that
2012-12-13 16:19:20 [Message] fib_1618 -> Chat: the NASDAQ breadth MCSUM, meanwhile, is now slowing its ascent as we come closer to the zero line
2012-12-13 16:19:34 [Message] fib_1618 -> Chat: so on the bearish side of things
2012-12-13 16:19:49 [Message] fib_1618 -> Chat: if we get rally failure here in the next 2 weeks
2012-12-13 16:20:09 [Message] fib_1618 -> Chat: and the NYSE and NASDAQ MCSUM's stay under the +500 and zero line respectively
2012-12-13 16:20:21 [Message] fib_1618 -> Chat: the beginning of the year isn't going to look too rosy
2012-12-13 16:20:28 [Message] fib_1618 -> Chat: but for now
2012-12-13 16:20:37 [Message] fib_1618 -> Chat: it's a one day pause
2012-12-13 16:20:44 [Message] fib_1618 -> Chat: from Wednesday's reversal price bar
2012-12-13 16:20:58 [Message] fib_1618 -> Chat: the thing about reversal bars is that their importance can vary
2012-12-13 16:21:18 [Message] fib_1618 -> Chat: but given the amount of push the buyers provided over the last couple of weeks
2012-12-13 16:21:38 [Message] fib_1618 -> Chat: a pause here to regroup would be quite healthy overall
2012-12-13 16:21:49 [Message] fib_1618 -> Chat: remember also
2012-12-13 16:22:17 [Message] fib_1618 -> Chat: that this reversal bar took place just as we met our minimal price target of challenging the September/October price highs
2012-12-13 16:22:33 [Message] fib_1618 -> Chat: and that the Open 10's were close to being "overbought" across the board
2012-12-13 16:22:52 [Message] fib_1618 -> Chat: so today should really no surprise at all...and expected
2012-12-13 16:23:20 [Message] fib_1618 -> Chat: since the bulls failed at the 2 point's now the bears turn to run the plays for a bit
2012-12-13 16:23:53 [Message] fib_1618 -> Chat: the NDX breadth MCO also broke range bound support today
2012-12-13 16:24:12 [Message] fib_1618 -> Chat: but remains at the +21 level
2012-12-13 16:24:43 [Message] fib_1618 -> Chat: this, of course, has slowed the rate of ascent in the NDX breadth MCSUM
2012-12-13 16:25:13 [Message] fib_1618 -> Chat: right where we have 3 formidable pattern resistance points on the chart to deal with
2012-12-13 16:25:52 [Message] fib_1618 -> Chat: so it would be kind of unusual to just ram though these same levels without some sort of plan to do so
2012-12-13 16:26:44 [Message] fib_1618 -> Chat: the SPX breadth MCO also moved lower today
2012-12-13 16:27:01 [Message] fib_1618 -> Chat: but has only perceptively broken below its previous lows
2012-12-13 16:27:11 [Message] fib_1618 -> Chat: meanwhile
2012-12-13 16:28:03 [Message] fib_1618 -> Chat: we see that the rising SPX breadth MCSUM is now just below the series of double tops that will provide resistance that we see back in the July and August periods
2012-12-13 16:28:23 [Message] fib_1618 -> Chat: let's figure out the SPX Fib retracement numbers here
2012-12-13 16:28:57 [Message] fib_1618 -> Chat: .618 = 1379
2012-12-13 16:29:24 [Message] fib_1618 -> Chat: .50 = 1390
2012-12-13 16:29:43 [Message] fib_1618 -> Chat: .382 = 1401
2012-12-13 16:29:56 [Message] fib_1618 -> Chat: all intraday...from the November lows
2012-12-13 16:30:15 [Message] fib_1618 -> Chat: now...looking at the daily chart at DP
2012-12-13 16:30:25 [Message] fib_1618 -> Chat: and we see that there is strong price pattern support at 1400
2012-12-13 16:30:41 [Message] fib_1618 -> Chat: where we have not one, but two areas of consolidation
2012-12-13 16:31:11 [Message] fib_1618 -> Chat: but the 1390 level was the bell ringer back in early November as well
2012-12-13 16:31:15 [Message] fib_1618 -> Chat: so we'll have to see how that goes
2012-12-13 16:31:49 [Message] fib_1618 -> Chat: the OEX breadth MCO also moved lower after reaching the top of its range on Wednesday
2012-12-13 16:31:58 [Message] fib_1618 -> Chat: and it remains above its previous MCO lows
2012-12-13 16:32:11 [Message] fib_1618 -> Chat: so this will help the broader market bounce near term
2012-12-13 16:32:43 [Message] fib_1618 -> Chat: and then it's likely that we'll see another round of selling so that the OEX can join the NYSE composite breadth MCO at or near its zero line
2012-12-13 16:32:48 [Message] fib_1618 -> Chat: over all
2012-12-13 16:33:07 [Message] fib_1618 -> Chat: if this is our anticipated mid December bottoming window
2012-12-13 16:33:51 [Message] fib_1618 -> Chat: the ebb and flow of the MCO would suggest that we would hit this bottom right around December OPEX
2012-12-13 16:34:03 [Message] fib_1618 -> Chat: also remember
2012-12-13 16:34:36 [Message] fib_1618 -> Chat: that after OPEX this year, there will be a 4 day holiday weekend since OPEX is on the 21st, and Christmas falls on the Tuesday after that
2012-12-13 16:35:00 [Message] fib_1618 -> Chat: I think there will be a half day on Monday
2012-12-13 16:35:09 [Message] fib_1618 -> Chat: that's usually how it goes
2012-12-13 16:35:22 [Message] fib_1618 -> Chat: but there shouldn't be much to look at
2012-12-13 16:35:52 [Message] fib_1618 -> Chat: the thing about these MCSUM time objectives to always consider
2012-12-13 16:36:20 [Message] fib_1618 -> Chat: is that I always like allow a 2 week window on either side for these nestings
2012-12-13 16:36:28 [Message] fib_1618 -> Chat: so for mid December...the 15th
2012-12-13 16:36:39 [Message] fib_1618 -> Chat: we should see that low come in by the 25th
2012-12-13 16:36:53 [Message] fib_1618 -> Chat: and if you think about it
2012-12-13 16:37:18 [Message] fib_1618 -> Chat: a little holiday cheer does sometimes gives us the momentum that we need going into the new year
2012-12-13 16:37:24 [Message] fib_1618 -> Chat: take last year, for example
2012-12-13 16:37:39 [Message] fib_1618 -> Chat: this year, we have the infamous Fiscal Cliff
2012-12-13 16:37:46 [Message] fib_1618 -> Chat: and as we discussed yesterday
2012-12-13 16:37:55 [Message] fib_1618 -> Chat: much of this will probably be tabled in the next week
2012-12-13 16:38:16 [Message] fib_1618 -> Chat: and they will "promise us" that the new Congress will work on this immediately after they are sworn in
2012-12-13 16:38:56 [Message] fib_1618 -> Chat: I found it amusing that we heard from Pelosi today saying that we should now KEEP the Bush tax cuts
2012-12-13 16:39:07 [Message] fib_1618 -> Chat: but make no mistake
2012-12-13 16:39:26 [Message] fib_1618 -> Chat: the objective here is to make the right admit that these same tax cuts were a mistake and caused the current problems
2012-12-13 16:39:42 [Message] fib_1618 -> Chat: this way...there will be no chance of tax cuts in the future
2012-12-13 16:39:54 [Message] fib_1618 -> Chat: it's all a game
2012-12-13 16:40:06 [Message] fib_1618 -> Chat: anyway...back to the good stuff
2012-12-13 16:40:44 [Message] fib_1618 -> Chat: the Dow breadth MCO also moved lower today having just hit just below the +100 level on Tuesday
2012-12-13 16:40:57 [Message] fib_1618 -> Chat: and it too remains above its previous bottoms
2012-12-13 16:41:13 [Message] fib_1618 -> Chat: and with the anticipated technical bounce tomorrow
2012-12-13 16:41:25 [Message] fib_1618 -> Chat: this should be enough to push the Dow breadth MCSUM back above the +500 level with its current reading of +450
2012-12-13 16:42:00 [Message] fib_1618 -> Chat: the MID breadth MCO took a slam lower today
2012-12-13 16:42:16 [Message] fib_1618 -> Chat: and now resides just above its zero line with a +9 reading
2012-12-13 16:42:59 [Message] fib_1618 -> Chat: and we can see that this has predictably put on a full stop in the MID breadth MCSUM from moving above the +500 level in which it closed at today
2012-12-13 16:43:16 [Message] fib_1618 -> Chat: looking at the price chart
2012-12-13 16:43:34 [Message] fib_1618 -> Chat: and you can see the simple snapback today to what was previous overhead resistance
2012-12-13 16:43:50 [Message] fib_1618 -> Chat: so if the TRIN numbers are high today
2012-12-13 16:44:09 [Message] fib_1618 -> Chat: our bounce tomorrow may turn out to be more than just something "obligatory"
2012-12-13 16:44:39 [Message] fib_1618 -> Chat: the SML breadth MCO also had the wind let out of its sails today
2012-12-13 16:44:49 [Message] fib_1618 -> Chat: and closed with a reading of +7
2012-12-13 16:45:34 [Message] fib_1618 -> Chat: as with the MID breadth components, we see that the SML breadth 10% components has snapped back to the 5% Trend
2012-12-13 16:45:49 [Message] fib_1618 -> Chat: so here too we should see a technical bounce as soon as Friday
2012-12-13 16:45:58 [Message] fib_1618 -> Chat: on the flip side
2012-12-13 16:46:36 [Message] fib_1618 -> Chat: just like the MID breadth MCSUM stalling at the +500 level, the SML breadth MCSUM is starting to stall at just above the +250 level
2012-12-13 16:46:54 [Message] fib_1618 -> Chat: so we'll have to watch how this ensuing bounce goes
2012-12-13 16:47:19 [Message] fib_1618 -> Chat: the TM breadth MCO has also snapped back now to its zero line with a +4 reading
2012-12-13 16:48:10 [Message] fib_1618 -> Chat: and the TM breadth MCSUM continues to flash a caution light with it being far from moving above its +250's reading being a +135
2012-12-13 16:48:12 [Message] fib_1618 -> Chat: so....
2012-12-13 16:48:44 [Message] fib_1618 -> Chat: we got our snapback to our previous breakout point in which we figured might happen today because of Wednesday's soft close
2012-12-13 16:49:02 [Message] fib_1618 -> Chat: this has allowed many of the breadth MCO's to break below their complex ranges
2012-12-13 16:49:24 [Message] fib_1618 -> Chat: with several, including the broad based NYSE breadth MCO, to snapback all the way to their zero lines
2012-12-13 16:49:29 [Message] fib_1618 -> Chat: because of this
2012-12-13 16:50:03 [Message] fib_1618 -> Chat: our next expectation will be for a bounce off these same snapback areas as the MCO then tests what was the lower end of our complex ranges
2012-12-13 16:50:46 [Message] fib_1618 -> Chat: from there, we'll see how we might travel as our expectation of a mid December bottom is still on the front burner at this time
2012-12-13 16:50:57 [Message] fib_1618 -> Chat: let's see how the volume McClellan's did today
2012-12-13 16:51:54 [Message] fib_1618 -> Chat: both the NYSE CO and Composite volume MCO's also moved lower today
2012-12-13 16:52:23 [Message] fib_1618 -> Chat: but both remain above their first reaction lows seen in the pattern from the November bottom
2012-12-13 16:52:47 [Message] fib_1618 -> Chat: so although breadth basically collapsed today
2012-12-13 16:53:01 [Message] fib_1618 -> Chat: there wasn't a lot of heavy selling to go with it
2012-12-13 16:53:06 [Message] fib_1618 -> Chat: and that's bullish
2012-12-13 16:53:10 [Message] fib_1618 -> Chat: or in this case
2012-12-13 16:53:15 [Message] fib_1618 -> Chat: corrective activity
2012-12-13 16:53:50 [Message] fib_1618 -> Chat: we see that there was a little more weakness in the NASDAQ volume MCO
2012-12-13 16:56:08 [Message] fib_1618 -> Chat: but it remains well above its zero line with a +37 reading
2012-12-13 16:56:50 [Message] fib_1618 -> Chat: and looking at the NASDAQ volume MCSUM
2012-12-13 16:57:28 [Message] fib_1618 -> Chat: we see that we are now a day or two away from challenging that important hump that formed at the September top
2012-12-13 16:57:43 [Message] fib_1618 -> Chat: as we have noting for a while now
2012-12-13 16:57:52 [Message] fib_1618 -> Chat: if this MCSUM can break above this level
2012-12-13 16:58:04 [Message] fib_1618 -> Chat: then prices should really start to advance with a purpose
2012-12-13 16:58:34 [Message] fib_1618 -> Chat: for we will then have enough energy to break above the early November highs
2012-12-13 16:59:47 [Message] fib_1618 -> Chat: the NDX volume MCO did move to lower lows
2012-12-13 17:00:00 [Message] fib_1618 -> Chat: but remains bouyant at the +34 level
2012-12-13 17:00:46 [Message] fib_1618 -> Chat: but we can also see that this break to the downside could result in the NDX volume MCSUM from moving above the all important +250 level
2012-12-13 17:01:08 [Message] fib_1618 -> Chat: but there would have to be a lot of down volume tomorrow to do this
2012-12-13 17:01:17 [Message] fib_1618 -> Chat: and that conflicts with the breadth forecast
2012-12-13 17:01:45 [Message] fib_1618 -> Chat: the SPX volume MCO is showing a bit more weakness than its breadth counterpart
2012-12-13 17:02:53 [Message] fib_1618 -> Chat: but yesterday's expectation of the SPX volume MCSUM reaching the +500 level remains on the front burner for now
2012-12-13 17:03:17 [Message] fib_1618 -> Chat: a lot more weakness in the OEX volume MCO compared to the breadth side
2012-12-13 17:03:45 [Message] fib_1618 -> Chat: and this would indicate that the heavier weighted issues in the OEX are being sold here while the rest no nearly so
2012-12-13 17:04:11 [Message] fib_1618 -> Chat: same interpretation with the Dow volume/breadth MCO's
2012-12-13 17:04:41 [Message] fib_1618 -> Chat: and the Dow price pattern is back below the November highs today
2012-12-13 17:05:01 [Message] fib_1618 -> Chat: so no follow through there as we got with the broader NYA
2012-12-13 17:05:30 [Message] fib_1618 -> Chat: the MID volume MCO is showing less weakness than the breadth MCO
2012-12-13 17:05:47 [Message] fib_1618 -> Chat: as we continue to trudge towards the +750 level
2012-12-13 17:06:02 [Message] fib_1618 -> Chat: with this MCSUM as high as it is
2012-12-13 17:06:31 [Message] fib_1618 -> Chat: it's going to take some time for the bears to claw away at the price pattern structure before they could have a chance to regain control here
2012-12-13 17:06:39 [Message] fib_1618 -> Chat: one or two days is not going to do it
2012-12-13 17:06:47 [Message] fib_1618 -> Chat: a week to 10 days could
2012-12-13 17:06:58 [Message] fib_1618 -> Chat: which would put us into next week
2012-12-13 17:07:05 [Message] fib_1618 -> Chat: thinking about it a bit
2012-12-13 17:07:27 [Message] fib_1618 -> Chat: if specialists and market makers were going to rally stocks in the 1st quarter of next year
2012-12-13 17:07:43 [Message] fib_1618 -> Chat: wouldn't they want to accumulate as much stock as they could prior to that?
2012-12-13 17:07:52 [Message] fib_1618 -> Chat: and the only way to do that is....
2012-12-13 17:08:02 [Message] fib_1618 -> Chat: lowering prices so that people will sell
2012-12-13 17:08:18 [Message] fib_1618 -> Chat: but with the internals well above their zero lines in the MCSUM
2012-12-13 17:08:33 [Message] fib_1618 -> Chat: the merchandising here will tend to be choppy at best
2012-12-13 17:08:58 [Message] fib_1618 -> Chat: very much like we see when the MCO is below its zero line, while the MCSUM is still above zero
2012-12-13 17:09:04 [Message] fib_1618 -> Chat: so there's no panic here
2012-12-13 17:09:19 [Message] fib_1618 -> Chat: even if we don't get our expected follow through
2012-12-13 17:09:29 [Message] fib_1618 -> Chat: the market is not likely to just take swan dive either
2012-12-13 17:09:43 [Message] fib_1618 -> Chat: discipline, discipline, discipline
2012-12-13 17:10:24 [Message] fib_1618 -> Chat: a top beneath a top now on the SML volume MCO
2012-12-13 17:10:32 [Message] fib_1618 -> Chat: with bearish divergence in place
2012-12-13 17:10:45 [Message] fib_1618 -> Chat: still the expectation is for a zero line snapback for now
2012-12-13 17:10:47 [Message] fib_1618 -> Chat: a bounce
2012-12-13 17:11:00 [Message] fib_1618 -> Chat: and then we'll see how and if this same divergence is important or not
2012-12-13 17:11:21 [Message] fib_1618 -> Chat: and the same kind of divergence with the TM volume MCO
2012-12-13 17:12:23 [Message] fib_1618 -> Chat: but the strength of the TM volume MCSUM, compared to the TM breadth MCSUM, tells us that we continue to see money trending INTO the market and that today was a typical pause to refresh - a snapback to previous overhead resistance
2012-12-13 17:12:24 [Message] fib_1618 -> Chat: so...
2012-12-13 17:12:36 [Message] fib_1618 -> Chat: I guess I just summed it up already lol
2012-12-13 17:12:54 [Message] fib_1618 -> Chat: let's see how the volume oscillators fared
2012-12-13 17:13:22 [Message] fib_1618 -> Chat: CVI's are now neutral
2012-12-13 17:13:27 [Message] fib_1618 -> Chat: so one side is about to take control
2012-12-13 17:13:35 [Message] fib_1618 -> Chat: the STVO"s remain "overbought"
2012-12-13 17:13:52 [Message] fib_1618 -> Chat: and until we can relax this indicator back to neutral, the bears will have the ball
2012-12-13 17:15:13 [Message] fib_1618 -> Chat: and the VTO's continue to suggest an uptrend in progress
2012-12-13 17:15:24 [Message] fib_1618 -> Chat: or at least...the beginning of one at this stage
2012-12-13 17:15:38 [Message] fib_1618 -> Chat: need a bit more texture to conclude to the idea of an uptrend
2012-12-13 17:15:57 [Message] fib_1618 -> Chat: NYSE TRIN at 1.06
2012-12-13 17:16:20 [Message] fib_1618 -> Chat: looks like we had some bottom pickers today
2012-12-13 17:16:38 [Message] fib_1618 -> Chat: but the NYSE Open 10 moved to .86
2012-12-13 17:16:42 [Message] fib_1618 -> Chat: so that's a good thing
2012-12-13 17:16:57 [Message] fib_1618 -> Chat: hmmmm...NASDAQ TRIN at .83
2012-12-13 17:17:06 [Message] fib_1618 -> Chat: Open 10 at .83
2012-12-13 17:17:52 [Message] fib_1618 -> Chat: with the 21 DMA of the TRINQ well "overbought" now
2012-12-13 17:17:55 [Message] fib_1618 -> Chat: so we need a shake out to correct that
2012-12-13 17:18:07 [Message] fib_1618 -> Chat: TM TRIN At .80
2012-12-13 17:18:17 [Message] fib_1618 -> Chat: Open 10 at .85
2012-12-13 17:18:23 [Message] fib_1618 -> Chat: so...
2012-12-13 17:18:34 [Message] fib_1618 -> Chat: the expectation for Friday and Monday
2012-12-13 17:18:42 [Message] fib_1618 -> Chat: is for a technical bounce near term
2012-12-13 17:19:00 [Message] fib_1618 -> Chat: and then another slam lower to hopefully shake the tree of the weak longs
2012-12-13 17:19:08 [Message] fib_1618 -> Chat: and switch sentiment to negative again
2012-12-13 17:19:13 [Message] fib_1618 -> Chat: I haven't checked
2012-12-13 17:19:43 [Message] fib_1618 -> Chat: but I would bet a large lunch, at a drive thru of your choice, that there are many bears that are proclaiming today as the beginning of the end
2012-12-13 17:20:14 [Message] fib_1618 -> Chat: what we need is for sentiment to again hit rock bottom as it did in mid November
2012-12-13 17:20:17 [Message] fib_1618 -> Chat: once we do that
2012-12-13 17:20:25 [Message] fib_1618 -> Chat: and if we continue to have good internal structure
2012-12-13 17:20:33 [Message] fib_1618 -> Chat: then another round of advance can then begin
2012-12-13 17:20:48 [Message] fib_1618 -> Chat: the one thing we're fairly comfortable with is two fold
2012-12-13 17:21:05 [Message] fib_1618 -> Chat: one...any further pullback here will tend to be shallow and short
2012-12-13 17:21:40 [Message] fib_1618 -> Chat: two...that it will take several weeks of "bad behavior" to have any chance of challenging the November lows
2012-12-13 17:22:03 [Message] fib_1618 -> Chat: so, between the two
2012-12-13 17:22:17 [Message] fib_1618 -> Chat: and with the MCSUM's as high as they are away from their zero lines
2012-12-13 17:22:26 [Message] fib_1618 -> Chat: I would look for another trading range to develop
2012-12-13 17:22:58 [Message] fib_1618 -> Chat: with the expected December low to be one in which we move OUT OF instead of one we move down and into
2012-12-13 17:23:11 [Message] fib_1618 -> Chat: anything else?
2012-12-13 17:24:59 [Message] thespookyone -> Chat: nope
2012-12-13 17:25:05 [Message] fib_1618 -> Chat:
2012-12-13 17:25:07 [Message] fib_1618 -> Chat: I guess not
2012-12-13 17:25:20 [Message] fib_1618 -> Chat: then I'm going to call it a day...
2012-12-13 17:25:27 [Message] fib_1618 -> Chat: everyone have a great weekend
2012-12-13 17:25:44 [Message] thespookyone -> Chat: thx, you too
2012-12-13 17:25:45 [Message] fib_1618 -> Chat: and we'll get together next week, usual schedule of Tuesday and Thursday
2012-12-13 17:25:47 [Message] fib_1618 -> Chat: good night

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