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fib_1618

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Posts: 4,492
Reply with quote  #1 
2012-12-18 16:00:21 [Message] fib_1618 -> Chat: good day
2012-12-18 16:00:24 [Message] fib_1618 -> Chat: how is everyone?
2012-12-18 16:03:49 [Message] fib_1618 -> Chat: good to hear!
2012-12-18 16:04:05 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2012-12-18 16:04:39 [Message] thespookyone -> Chat: strong financials
2012-12-18 16:06:20 [Message] fib_1618 -> Chat: surprised?
2012-12-18 16:06:38 [Message] thespookyone -> Chat: nope, enjoying it!
2012-12-18 16:07:45 [Message] fib_1618 -> Chat: OK...if there's nothing on your minds, let me get DP up and we'll get started
2012-12-18 16:08:21 [Message] fib_1618 -> Chat: well...would you look at that
2012-12-18 16:08:27 [Message] fib_1618 -> Chat: new closing highs on the NYA!
2012-12-18 16:09:03 [Message] fib_1618 -> Chat: and we have semi confirmation from the NYSE CO breadth MCO by its taking out last weeks highs in the process
2012-12-18 16:09:36 [Message] fib_1618 -> Chat: this burst of energy has now accelerated the gap expansions in the NYSE CO breadth MCSUM to the upside
2012-12-18 16:09:43 [Message] fib_1618 -> Chat: and since we took out last weeks highs
2012-12-18 16:09:59 [Message] fib_1618 -> Chat: it's not likely that the +500 level is going to cause a problem...at least initially
2012-12-18 16:10:32 [Message] fib_1618 -> Chat: we do, however, have higher highs on the MCO components
2012-12-18 16:10:50 [Message] fib_1618 -> Chat: so I guess Santa paid a visit!
2012-12-18 16:11:17 [Message] fib_1618 -> Chat: hopefully the NYSE composite breadth MCO is in agreement
2012-12-18 16:11:24 [Message] fib_1618 -> Chat: and it's not
2012-12-18 16:11:38 [Message] fib_1618 -> Chat: so although the common stocks are being supported here
2012-12-18 16:11:48 [Message] fib_1618 -> Chat: the interest rate sensitive issues are not
2012-12-18 16:12:29 [Message] fib_1618 -> Chat: this might then suggest that the break of the trendline we saw on the Bond CEF A/D line this past weekend might turn out to be more important than we first gave it credit
2012-12-18 16:12:58 [Message] fib_1618 -> Chat: looking at the components on the NYSE composite
2012-12-18 16:13:07 [Message] fib_1618 -> Chat: and we see that the 5% Trend did move to new highs
2012-12-18 16:13:14 [Message] fib_1618 -> Chat: but the laggard here is the 10% Trend
2012-12-18 16:13:56 [Message] fib_1618 -> Chat: so it's going to take even more of a broader push to keep the NYA index above today's breakout levels
2012-12-18 16:14:11 [Message] fib_1618 -> Chat: or we're libel to see a rally failure here
2012-12-18 16:14:38 [Message] fib_1618 -> Chat: well...higher highs on the NASDAQ breadth MCO today
2012-12-18 16:14:42 [Message] fib_1618 -> Chat: so that's reassuring
2012-12-18 16:15:10 [Message] fib_1618 -> Chat: and note that we didn't have a full retracement to the zero line prior to moving to above last weeks highs
2012-12-18 16:15:17 [Message] fib_1618 -> Chat: this is a sign of internal strength
2012-12-18 16:15:39 [Message] fib_1618 -> Chat: and now the NASDAQ breadth MCSUM is about to move up and through its zero line as soon as tomorrow
2012-12-18 16:15:55 [Message] fib_1618 -> Chat: looking at the price action on the NASDAQ
2012-12-18 16:16:07 [Message] fib_1618 -> Chat: and we see that we finally broke above the early November highs today
2012-12-18 16:16:16 [Message] fib_1618 -> Chat: just as the NAAD line suggested we should last week
2012-12-18 16:17:18 [Message] fib_1618 -> Chat: so...so far, so good
2012-12-18 16:17:33 [Message] fib_1618 -> Chat: well...the bears are in real trouble now
2012-12-18 16:18:02 [Message] fib_1618 -> Chat: as the NDX breadth MCSUM has broken above both the +250 level and its horizontal tops seen on the chart
2012-12-18 16:18:30 [Message] fib_1618 -> Chat: and it would appear that with the NDX breadth MCO also finding turnaround support well above its zero line
2012-12-18 16:18:37 [Message] thespookyone -> Chat: large posting too
2012-12-18 16:19:03 [Message] fib_1618 -> Chat: this would suggest that we are probably continuing to etch out a complex bullish structure above the MCO zero line
2012-12-18 16:19:16 [Message] fib_1618 -> Chat: and yes, Lew, and why the bears are in real trouble here
2012-12-18 16:19:29 [Message] fib_1618 -> Chat: because now that we have gaped above the +250 level
2012-12-18 16:19:44 [Message] fib_1618 -> Chat: this tells us that the bears have lost all their ammunition
2012-12-18 16:19:50 [Message] fib_1618 -> Chat: or in football jargon
2012-12-18 16:20:00 [Message] fib_1618 -> Chat: not only did the lose the ball from last week
2012-12-18 16:20:21 [Message] fib_1618 -> Chat: but a fumble just gave the bulls excellent field position to score another goal
2012-12-18 16:20:55 [Message] fib_1618 -> Chat: notice also that the NDX price pattern was able to move above its early November highs today on this same break through of the +250 level
2012-12-18 16:21:16 [Message] fib_1618 -> Chat: so, as we always are aware, everything is moving in sync here towards a common goal
2012-12-18 16:21:37 [Message] fib_1618 -> Chat: now...if we can get the NDX breadth MCO to move above last weeks highs
2012-12-18 16:21:48 [Message] fib_1618 -> Chat: only then will we know that this breakout is going to hold
2012-12-18 16:21:58 [Message] fib_1618 -> Chat: when we work with these tools
2012-12-18 16:22:19 [Message] fib_1618 -> Chat: they tell us both whether a resistance or support area is likely to be breached
2012-12-18 16:22:37 [Message] fib_1618 -> Chat: but if we have one not confirming what the other is saying
2012-12-18 16:23:03 [Message] fib_1618 -> Chat: than prices are always subject to failure in not holding above (or below) these same breakout points
2012-12-18 16:23:13 [Message] fib_1618 -> Chat: it must ALL work together
2012-12-18 16:23:45 [Message] fib_1618 -> Chat: and so...the MCSUM says that any further price decay from this juncture is a very low probability
2012-12-18 16:24:13 [Message] fib_1618 -> Chat: but the MCO says that we need a bit more energy to actually move up and AWAY from this same resistance/support point
2012-12-18 16:24:27 [Message] fib_1618 -> Chat: regardless
2012-12-18 16:24:42 [Message] fib_1618 -> Chat: today's move in the NDX breadth MCSUM is a highly bullish event
2012-12-18 16:25:06 [Message] fib_1618 -> Chat: and we should see a continuation of this strength for a couple more days
2012-12-18 16:25:15 [Message] fib_1618 -> Chat: Oh my!
2012-12-18 16:25:23 [Message] fib_1618 -> Chat: look at the SPX breadth MCO!
2012-12-18 16:25:29 [Message] fib_1618 -> Chat: new highs there
2012-12-18 16:25:59 [Message] fib_1618 -> Chat: and the SPX breadth MCSUM is now moving above its "double resistance" zone as well
2012-12-18 16:26:17 [Message] fib_1618 -> Chat: the hump highs of September and the +500 level
2012-12-18 16:26:35 [Message] fib_1618 -> Chat: right now...we look to be just above the hump
2012-12-18 16:26:51 [Message] fib_1618 -> Chat: but still 60 data points away from the +500 level
2012-12-18 16:26:52 [Message] fib_1618 -> Chat: however
2012-12-18 16:27:00 [Message] fib_1618 -> Chat: we have new highs in the SPX breadth MCO today
2012-12-18 16:27:27 [Message] fib_1618 -> Chat: so it's a pretty good bet that we're going beyond this same level in short order
2012-12-18 16:27:47 [Message] fib_1618 -> Chat: now...with a +73 reading
2012-12-18 16:28:00 [Message] fib_1618 -> Chat: the expectation here is for this MCO to relax a bit near term
2012-12-18 16:28:15 [Message] fib_1618 -> Chat: but if we get the interest rate sensitive issues to perk up here
2012-12-18 16:28:38 [Message] fib_1618 -> Chat: we can go to a +100 MCO easily
2012-12-18 16:28:49 [Message] fib_1618 -> Chat: but what we do know now is...
2012-12-18 16:28:58 [Message] fib_1618 -> Chat: with the SPX breadth MCO and MCSUM making new highs
2012-12-18 16:29:02 [Message] fib_1618 -> Chat: prices will as well
2012-12-18 16:29:11 [Message] fib_1618 -> Chat: and they will HOLD this breakout as well
2012-12-18 16:29:18 [Message] fib_1618 -> Chat: so long and strong on the SPX
2012-12-18 16:29:31 [Message] fib_1618 -> Chat: if that wasn't enough
2012-12-18 16:29:50 [Message] fib_1618 -> Chat: we also broke above our early November highs today as well
2012-12-18 16:30:01 [Message] fib_1618 -> Chat: so this market is purring to the upside
2012-12-18 16:30:24 [Message] fib_1618 -> Chat: price breakout as well on the OEX
2012-12-18 16:30:37 [Message] fib_1618 -> Chat: but the OEX breadth MCO hasn't, as yet, moved to new highs as the SPX has
2012-12-18 16:31:06 [Message] fib_1618 -> Chat: the OEX breadth MCSUM, however, is now less than 53 data points away from its +500 level
2012-12-18 16:31:12 [Message] fib_1618 -> Chat: so we continue to remain in sync here
2012-12-18 16:31:58 [Message] fib_1618 -> Chat: we have an almost classic complex bullish structure on the Dow breadth MCO
2012-12-18 16:32:16 [Message] fib_1618 -> Chat: with the Dow breadth MCSUM now in its second day above the +500 level
2012-12-18 16:32:27 [Message] fib_1618 -> Chat: did you see how bearish everyone go on Friday?
2012-12-18 16:32:45 [Message] thespookyone -> Chat: yep
2012-12-18 16:32:57 [Message] fib_1618 -> Chat: and then the BETS gave an accumulation signal on the same day
2012-12-18 16:33:48 [Message] fib_1618 -> Chat: need to check, but we may have closed at new all time highs today on the MID...one moment
2012-12-18 16:34:23 [Message] fib_1618 -> Chat: nope...off by 1.60
2012-12-18 16:34:50 [Message] fib_1618 -> Chat: but notice how the MID breadth MCSUM found support at the +500 level
2012-12-18 16:34:59 [Message] fib_1618 -> Chat: and is now expanding again to the upside
2012-12-18 16:35:26 [Message] fib_1618 -> Chat: what would be nice would be to see the MID breadth MCO move back above the highs of last week
2012-12-18 16:35:29 [Message] fib_1618 -> Chat: but at this point
2012-12-18 16:35:43 [Message] fib_1618 -> Chat: the MCSUM is now suggesting that we have reached escape velocity
2012-12-18 16:36:05 [Message] fib_1618 -> Chat: and prices should act accordingly as it moves into uncharted territory
2012-12-18 16:36:40 [Message] fib_1618 -> Chat: also notice the simple snapback to what was overhead resistance on Thursday and Friday
2012-12-18 16:37:00 [Message] fib_1618 -> Chat: this chart, above all the others, has been right on target as to our preferred analysis
2012-12-18 16:37:17 [Message] fib_1618 -> Chat: and should continue to be used as a proxy, at least for now
2012-12-18 16:37:30 [Message] fib_1618 -> Chat: bears are in deep do do
2012-12-18 16:37:40 [Message] fib_1618 -> Chat: the SML breadth MCO moved to new highs today
2012-12-18 16:38:02 [Message] fib_1618 -> Chat: and now the SML breadth MCSUM is moving up and away from its +250 level as well
2012-12-18 16:38:22 [Message] fib_1618 -> Chat: and this was after a zero line test on the MCO on Friday
2012-12-18 16:38:31 [Message] fib_1618 -> Chat: that's a lot of strength coming in here
2012-12-18 16:39:02 [Message] fib_1618 -> Chat: OH...did you guys hear that SnP upgraded Greece's debt to "stable" this afternoon?
2012-12-18 16:39:45 [Message] thespookyone -> Chat: yep
2012-12-18 16:40:10 [Message] fib_1618 -> Chat: Japan just opened...the Nikkei just crossed back above the 10,000 level
2012-12-18 16:40:47 [Message] fib_1618 -> Chat: did you know...
2012-12-18 16:40:59 [Message] fib_1618 -> Chat: that Japan is up 14% in the last 5 weeks?
2012-12-18 16:41:11 [Message] fib_1618 -> Chat: partly because of the yen
2012-12-18 16:41:13 [Message] fib_1618 -> Chat: but still
2012-12-18 16:41:22 [Message] fib_1618 -> Chat: for those trading in dollars...not bad
2012-12-18 16:41:43 [Message] fib_1618 -> Chat: this is going to turn out to be a very strong year for stocks
2012-12-18 16:42:01 [Message] fib_1618 -> Chat: and STILL we have folks screaming bear market...amazing
2012-12-18 16:42:36 [Message] fib_1618 -> Chat: and to our problem child
2012-12-18 16:42:48 [Message] fib_1618 -> Chat: the TM breadth MCO continues to struggle by not making new highs
2012-12-18 16:43:16 [Message] fib_1618 -> Chat: but the TM breadth MCSUM is now less than 65 data points away from the important +250 level
2012-12-18 16:43:33 [Message] fib_1618 -> Chat: all we need is for the secondary market to continue getting stronger
2012-12-18 16:43:53 [Message] fib_1618 -> Chat: and the broader market should then begin to play catch up to the MID and Large caps
2012-12-18 16:43:56 [Message] fib_1618 -> Chat: so....
2012-12-18 16:44:02 [Message] fib_1618 -> Chat: a very good day for the bulls
2012-12-18 16:44:09 [Message] fib_1618 -> Chat: as they have regrouped
2012-12-18 16:44:17 [Message] fib_1618 -> Chat: and are once again on the offensive
2012-12-18 16:44:30 [Message] fib_1618 -> Chat: the sellers have all been decimated here
2012-12-18 16:45:04 [Message] fib_1618 -> Chat: and if the volume data is in agreement (which it should be as it held up better during last weeks correction)
2012-12-18 16:45:19 [Message] fib_1618 -> Chat: then we should be good to go for the rest of the year...
2012-12-18 16:45:22 [Message] fib_1618 -> Chat: and in the case of the SPX
2012-12-18 16:45:26 [Message] fib_1618 -> Chat: into mid January
2012-12-18 16:45:38 [Message] fib_1618 -> Chat: let's see how the sectors are doing
2012-12-18 16:45:54 [Message] fib_1618 -> Chat: new all time high close on the XLY
2012-12-18 16:46:23 [Message] fib_1618 -> Chat: with the XLY breadth MCO showing good confirmation of this break to new highs
2012-12-18 16:46:42 [Message] fib_1618 -> Chat: and the XLY breadth MCSUM just now moving above its zero line to support the breakout
2012-12-18 16:47:11 [Message] fib_1618 -> Chat: so if we can get the XLY breadth MCSUM above the +250 level
2012-12-18 16:47:34 [Message] fib_1618 -> Chat: this would allow prices to cruise higher for a while...probably into February
2012-12-18 16:47:41 [Message] fib_1618 -> Chat: but we'll have to wait for more information on that
2012-12-18 16:48:19 [Message] fib_1618 -> Chat: it's now starting to look like that we're on our way to our final highs here that are expected in the April/May period
2012-12-18 16:48:21 [Message] fib_1618 -> Chat: not only that
2012-12-18 16:48:36 [Message] fib_1618 -> Chat: but we're also likely to see new all time highs in the Dow and SPX during this current sequence
2012-12-18 16:48:54 [Message] fib_1618 -> Chat: and that could come quicker than anyone may think
2012-12-18 16:49:14 [Message] fib_1618 -> Chat: the upgrade on Greece today, for me, was totally unexpected
2012-12-18 16:49:29 [Message] fib_1618 -> Chat: and really takes away that grey cloud of problems
2012-12-18 16:50:31 [Message] fib_1618 -> Chat: the XLP breadth MCSUM is now in "overbought" territory now with a reading of +807
2012-12-18 16:50:50 [Message] fib_1618 -> Chat: so it will become more and more difficult for the buyers from this point to push MCO higher
2012-12-18 16:50:51 [Message] fib_1618 -> Chat: unless we get a new surge of energy to hit this sector
2012-12-18 16:51:33 [Message] fib_1618 -> Chat: so far, right now, that doesn't seem to be the case due to the shallow bounce we see here with the XLP breadth MCO
2012-12-18 16:51:51 [Message] fib_1618 -> Chat: but this won't take away from prices eventually moving to new all time highs either as we know that while the MCSUM can peak, we still have the momentum of the move still yet to come later on
2012-12-18 16:52:01 [Message] fib_1618 -> Chat: so we'll rate this sector now as a hold
2012-12-18 16:52:23 [Message] fib_1618 -> Chat: big buy signal on the XLE today
2012-12-18 16:52:37 [Message] fib_1618 -> Chat: with higher highs in the XLE breadth MCO
2012-12-18 16:53:00 [Message] fib_1618 -> Chat: and the XLE breadth MCSUM moving back above its zero line and horizontal pattern resistance
2012-12-18 16:53:08 [Message] fib_1618 -> Chat: as we discussed last week
2012-12-18 16:53:46 [Message] fib_1618 -> Chat: the more and more sectors that follow the lead of the XLP, XLV, XLI and XLK, the broader and more powerful the price structure will become
2012-12-18 16:54:00 [Message] fib_1618 -> Chat: and so far, it looks like we are getting that broadening effect
2012-12-18 16:54:07 [Message] fib_1618 -> Chat: keep in mind as well
2012-12-18 16:54:14 [Message] fib_1618 -> Chat: that the NYAD line is back in new all time highs now
2012-12-18 16:54:21 [Message] fib_1618 -> Chat: so even if it tops out here
2012-12-18 16:54:35 [Message] fib_1618 -> Chat: history is on our side that a bear market will not begin on any pullback
2012-12-18 16:54:42 [Message] fib_1618 -> Chat: at the most...a correction of maybe 5-8%
2012-12-18 16:55:04 [Message] fib_1618 -> Chat: but nothing at all is on the radar now of intermediate to longer term top
2012-12-18 16:55:25 [Message] fib_1618 -> Chat: the market...is...going to "go for it" now
2012-12-18 16:55:52 [Message] fib_1618 -> Chat: annnnd....as Lew mentioned earlier
2012-12-18 16:56:04 [Message] fib_1618 -> Chat: new recovery price highs today on the XLF price chart
2012-12-18 16:56:29 [Message] fib_1618 -> Chat: and we have confirmation of these new highs as the XLF breadth MCSUM has powered through its +500 level
2012-12-18 16:56:45 [Message] fib_1618 -> Chat: higher highs as well on the XLF breadth MCO
2012-12-18 16:57:02 [Message] fib_1618 -> Chat: and if we can take out the the November spike
2012-12-18 16:57:20 [Message] fib_1618 -> Chat: well...let me get a chart up and see what kind of upside targets we'll have to work with
2012-12-18 16:58:18 [Message] thespookyone -> Chat: your MS doing very well
2012-12-18 16:58:27 [Message] fib_1618 -> Chat: this is getting very interesting here
2012-12-18 16:58:37 [Message] fib_1618 -> Chat: if we get continued follow through on this breakout
2012-12-18 16:58:58 [Message] fib_1618 -> Chat: we will have broken out of a 3 year trading range
2012-12-18 16:59:13 [Message] fib_1618 -> Chat: 16 at the top...12 at the bottom
2012-12-18 16:59:29 [Message] fib_1618 -> Chat: and the first resistance would come at the 20 level
2012-12-18 16:59:38 [Message] fib_1618 -> Chat: but the breakout target of this range would be...
2012-12-18 16:59:43 [Message] fib_1618 -> Chat: lol
2012-12-18 17:00:19 [Message] fib_1618 -> Chat: we'll call it the all time highs of 32.50
2012-12-18 17:00:23 [Message] thespookyone -> Chat:  WOW  Did you say 3,3,3?  LOL
2012-12-18 17:00:54 [Message] fib_1618 -> Chat: could be
2012-12-18 17:01:08 [Message] fib_1618 -> Chat: you know
2012-12-18 17:01:15 [Message] thespookyone -> Chat: sure can, must be considered seriously...
2012-12-18 17:01:16 [Message] fib_1618 -> Chat: bring up a weekly chart of the XLE
2012-12-18 17:01:20 [Message] fib_1618 -> Chat: go back to 2007
2012-12-18 17:01:50 [Message] fib_1618 -> Chat: better yet
2012-12-18 17:01:53 [Message] fib_1618 -> Chat: go back to 2005
2012-12-18 17:02:00 [Message] fib_1618 -> Chat: you see the Elliott pattern?
2012-12-18 17:02:21 [Message] fib_1618 -> Chat: 5 up from the 2009 bottom to April of 2010
2012-12-18 17:02:41 [Message] fib_1618 -> Chat: 3 corrective from April 2010 to the summer of 2011
2012-12-18 17:02:48 [Message] fib_1618 -> Chat: 1-2
2012-12-18 17:02:51 [Message] fib_1618 -> Chat: i-ii
2012-12-18 17:03:14 [Message] fib_1618 -> Chat: could be
2012-12-18 17:03:19 [Message] thespookyone -> Chat: yep
2012-12-18 17:03:33 [Message] fib_1618 -> Chat: and that would fit very nicely with our discussions on who will be the leaders on this next run
2012-12-18 17:03:39 [Message] fib_1618 -> Chat: both the financials
2012-12-18 17:03:42 [Message] fib_1618 -> Chat: and in tech
2012-12-18 17:04:07 [Message] fib_1618 -> Chat: an irregular flat 2nd wave?
2012-12-18 17:04:23 [Message] fib_1618 -> Chat: boy..irregular flats are signs of strength
2012-12-18 17:04:34 [Message] fib_1618 -> Chat: anyway
2012-12-18 17:04:38 [Message] fib_1618 -> Chat: 20 is the first target
2012-12-18 17:04:51 [Message] fib_1618 -> Chat: and then 25
2012-12-18 17:05:20 [Message] fib_1618 -> Chat: only yields 1.3% though
2012-12-18 17:05:32 [Message] fib_1618 -> Chat: but...you can always play some individuals
2012-12-18 17:05:52 [Message] fib_1618 -> Chat: still loving MS
2012-12-18 17:05:55 [Message] fib_1618 -> Chat: and again...
2012-12-18 17:06:11 [Message] fib_1618 -> Chat: what it's direction is fully weighted on what happens in Europe
2012-12-18 17:06:15 [Message] fib_1618 -> Chat: and look at that baby go!
2012-12-18 17:06:30 [Message] thespookyone -> Chat: oh yea
2012-12-18 17:06:50 [Message] fib_1618 -> Chat: heck...look at BAC!
2012-12-18 17:07:08 [Message] thespookyone -> Chat: my COF, ok, too
2012-12-18 17:07:15 [Message] fib_1618 -> Chat: the volume pattern is very bullish there
2012-12-18 17:07:20 [Message] fib_1618 -> Chat: might have to buy some there
2012-12-18 17:07:39 [Message] fib_1618 -> Chat: yes...you got your compression breakout today on COF
2012-12-18 17:07:53 [Message] fib_1618 -> Chat: with increasing volume
2012-12-18 17:07:55 [Message] fib_1618 -> Chat: that's what you want
2012-12-18 17:08:05 [Message] thespookyone -> Chat: bet!
2012-12-18 17:08:19 [Message] fib_1618 -> Chat: check out BCS
2012-12-18 17:08:57 [Message] fib_1618 -> Chat: remember when just 6 months ago analysts were betting if the firm was going to stay in business?
2012-12-18 17:09:10 [Message] thespookyone -> Chat: look at the weekly on that!
2012-12-18 17:09:15 [Message] fib_1618 -> Chat: yep
2012-12-18 17:09:28 [Message] fib_1618 -> Chat: so your eyes are telling a story here
2012-12-18 17:09:36 [Message] fib_1618 -> Chat: don't let your ears keep you from making money
2012-12-18 17:10:09 [Message] fib_1618 -> Chat: ummmm....look at  RBS!
2012-12-18 17:10:39 [Message] thespookyone -> Chat: in my room, we've been hoping for exactly this on the financials-I think it is saying something bigger...
2012-12-18 17:10:40 [Message] fib_1618 -> Chat: does ANYONE think that traders are that stupid to put their money in stocks that are one step away from collapsing?
2012-12-18 17:11:00 [Message] fib_1618 -> Chat: we need to stop listening to these talking heads
2012-12-18 17:11:01 [Message] fib_1618 -> Chat: enough
2012-12-18 17:11:18 [Message] fib_1618 -> Chat: Fiscal Cliff this...Debt Crisis that
2012-12-18 17:11:26 [Message] fib_1618 -> Chat: it's all for show
2012-12-18 17:11:42 [Message] fib_1618 -> Chat: goes under the category of...
2012-12-18 17:12:01 [Message] fib_1618 -> Chat: have you ever in all the years you folks have been doing this seen a market top out on BAD news?
2012-12-18 17:12:16 [Message] fib_1618 -> Chat: show of hands please
2012-12-18 17:12:22 [Message] fib_1618 -> Chat: anyone?
2012-12-18 17:12:27 [Message] thespookyone -> Chat: NOPE
2012-12-18 17:12:29 [Message] fib_1618 -> Chat: didn't think so
2012-12-18 17:12:45 [Message] fib_1618 -> Chat: onward
2012-12-18 17:13:02 [Message] thespookyone -> Chat: but, man, we could see one titanic squeeze..
2012-12-18 17:13:19 [Message] fib_1618 -> Chat: XLV data continues to be bouyant
2012-12-18 17:13:35 [Message] fib_1618 -> Chat: everyone is "hoping" for a "sell the news" point
2012-12-18 17:13:43 [Message] fib_1618 -> Chat: but as we talked about a week or so ago
2012-12-18 17:13:49 [Message] fib_1618 -> Chat: what if nothing is done?
2012-12-18 17:13:58 [Message] fib_1618 -> Chat: and they leave it for the next Congress?
2012-12-18 17:14:02 [Message] fib_1618 -> Chat: or
2012-12-18 17:14:15 [Message] fib_1618 -> Chat: they just keep the tax rates at current levels
2012-12-18 17:14:23 [Message] fib_1618 -> Chat: and worry about cutting spending next year
2012-12-18 17:14:28 [Message] fib_1618 -> Chat: it may not be the solution
2012-12-18 17:14:32 [Message] fib_1618 -> Chat: but the market will have....
2012-12-18 17:14:35 [Message] fib_1618 -> Chat: clarity
2012-12-18 17:14:49 [Message] fib_1618 -> Chat: all we know is...
2012-12-18 17:15:05 [Message] fib_1618 -> Chat: in spite of all the doom, gloom and fiscal clocks
2012-12-18 17:15:10 [Message] fib_1618 -> Chat: money continues to move INTO stocks
2012-12-18 17:15:20 [Message] fib_1618 -> Chat: it had a chance to fail here
2012-12-18 17:15:41 [Message] fib_1618 -> Chat: since we were up against zero lines and 250 multiples on the MCSUM's when the pullback came on Thursday
2012-12-18 17:15:43 [Message] fib_1618 -> Chat: but once again
2012-12-18 17:15:50 [Message] fib_1618 -> Chat: the sellers had no backbone
2012-12-18 17:15:56 [Message] fib_1618 -> Chat: just emotion
2012-12-18 17:16:08 [Message] fib_1618 -> Chat: and the money keeps pouring in
2012-12-18 17:16:11 [Message] fib_1618 -> Chat: because
2012-12-18 17:16:26 [Message] fib_1618 -> Chat: it's only place to get a return on capital that is larger than 2%
2012-12-18 17:16:43 [Message] fib_1618 -> Chat: money know what money likes and money likes to make more money
2012-12-18 17:16:54 [Message] fib_1618 -> Chat: Congress be damned
2012-12-18 17:17:18 [Message] fib_1618 -> Chat: no less...the executive branch
2012-12-18 17:17:43 [Message] fib_1618 -> Chat: the XLI is now on fire
2012-12-18 17:17:52 [Message] fib_1618 -> Chat: with new all time highs in the XLI price index
2012-12-18 17:18:33 [Message] fib_1618 -> Chat: breaking above 4 previous tops going back to 2007
2012-12-18 17:18:57 [Message] fib_1618 -> Chat: the XLI breadth MCSUM is now above its 52 week highs with the breakout
2012-12-18 17:19:18 [Message] fib_1618 -> Chat: and above average volume accompanied the break
2012-12-18 17:19:25 [Message] fib_1618 -> Chat: so we're purring here as well
2012-12-18 17:20:07 [Message] fib_1618 -> Chat: new highs in the XLB breadth MCO!
2012-12-18 17:20:29 [Message] fib_1618 -> Chat: and look at the power expansion in the gaps to the upside today in the XLB breadth MCSUM
2012-12-18 17:20:46 [Message] fib_1618 -> Chat: should be crossing above the +500 level as early as tomorrow
2012-12-18 17:21:11 [Message] fib_1618 -> Chat: and I believe we saw our bottom in gold today
2012-12-18 17:21:33 [Message] fib_1618 -> Chat: where gold moved below its 200 day EMA
2012-12-18 17:22:10 [Message] fib_1618 -> Chat: but the XAU, HUI, and GDX remained above their early December lows
2012-12-18 17:22:18 [Message] fib_1618 -> Chat: as we saw over the weekend
2012-12-18 17:22:40 [Message] fib_1618 -> Chat: the PM and XAU A/D lines just need to break above their resistance lines here
2012-12-18 17:22:49 [Message] fib_1618 -> Chat: and that would give us our confirmation
2012-12-18 17:22:50 [Message] fib_1618 -> Chat: heck
2012-12-18 17:23:13 [Message] fib_1618 -> Chat: the media posts I was reading today were all bearish on gold
2012-12-18 17:23:24 [Message] fib_1618 -> Chat: and so...time to step in
2012-12-18 17:23:35 [Message] fib_1618 -> Chat: and your stop is very close if you're wrong
2012-12-18 17:23:39 [Message] fib_1618 -> Chat: so no real harm
2012-12-18 17:24:11 [Message] fib_1618 -> Chat: the XLK breadth MCSUM also continues to improve
2012-12-18 17:24:29 [Message] fib_1618 -> Chat: and look how shallow last weeks pullback was in the XLK breadth MCO
2012-12-18 17:24:45 [Message] fib_1618 -> Chat: where most went below their +25 levels
2012-12-18 17:25:05 [Message] fib_1618 -> Chat: we got to only a +40 (or so)
2012-12-18 17:25:12 [Message] fib_1618 -> Chat: lots of support there
2012-12-18 17:25:20 [Message] fib_1618 -> Chat: also keep in mind
2012-12-18 17:25:37 [Message] fib_1618 -> Chat: as we see more and more MCSUM's go above their +500 levels
2012-12-18 17:25:58 [Message] fib_1618 -> Chat: low priced stocks will then start to play catch up with the those stocks trading over $5
2012-12-18 17:26:45 [Message] fib_1618 -> Chat: so you may want to expand your research a bit to those issues that have been taken to the wooden shed and beaten down to almost ridiculous levels
2012-12-18 17:27:15 [Message] fib_1618 -> Chat: for many of these same issues are going to start looking attractive as buy outs as many companies continue to sit on a ton of cash here
2012-12-18 17:27:33 [Message] fib_1618 -> Chat: but structure is the key
2012-12-18 17:27:41 [Message] fib_1618 -> Chat: not what you feel
2012-12-18 17:27:49 [Message] fib_1618 -> Chat: follow the structure of the chart
2012-12-18 17:27:52 [Message] fib_1618 -> Chat: if it's rising
2012-12-18 17:28:03 [Message] fib_1618 -> Chat: and in bullish configurations
2012-12-18 17:28:08 [Message] fib_1618 -> Chat: there's a reason for it
2012-12-18 17:28:16 [Message] fib_1618 -> Chat: if it's declining
2012-12-18 17:28:20 [Message] fib_1618 -> Chat: or moving sideways
2012-12-18 17:28:24 [Message] fib_1618 -> Chat: why waste your time when money is moving in?
2012-12-18 17:28:40 [Message] fib_1618 -> Chat: in a year from now...no one will remember
2012-12-18 17:28:55 [Message] fib_1618 -> Chat: if you picked that one take over stock because you knew it would happen
2012-12-18 17:29:09 [Message] fib_1618 -> Chat: but when the market is rising like it is right now
2012-12-18 17:29:22 [Message] fib_1618 -> Chat: you want to take as much advantage of it as monetarily possible
2012-12-18 17:29:42 [Message] fib_1618 -> Chat: anyone long the XLU at 34?
2012-12-18 17:30:04 [Message] fib_1618 -> Chat: an easy 6% gain now
2012-12-18 17:30:29 [Message] fib_1618 -> Chat: and the XLU breadth MCSUM is STILL well below its zero line
2012-12-18 17:30:40 [Message] fib_1618 -> Chat: the more and more money that comes in here
2012-12-18 17:30:51 [Message] fib_1618 -> Chat: the more robust the move will likely to be
2012-12-18 17:30:57 [Message] fib_1618 -> Chat: or another way to look at it
2012-12-18 17:31:09 [Message] fib_1618 -> Chat: we have looked at all of the market breadth MCSUM's
2012-12-18 17:31:37 [Message] fib_1618 -> Chat: which index or sector continues to be the most "undervalued" breadth wise?
2012-12-18 17:31:47 [Message] fib_1618 -> Chat: price wise too...
2012-12-18 17:31:57 [Message] fib_1618 -> Chat: yes, the Utilities
2012-12-18 17:32:14 [Message] fib_1618 -> Chat: and when money decides another index or sector is "overvalued"
2012-12-18 17:32:20 [Message] fib_1618 -> Chat: it's going to come running to....
2012-12-18 17:32:26 [Message] fib_1618 -> Chat: the utilities
2012-12-18 17:32:33 [Message] fib_1618 -> Chat: so....
2012-12-18 17:32:46 [Message] fib_1618 -> Chat: we're now starting to get a broadening of strength now in the market
2012-12-18 17:33:07 [Message] fib_1618 -> Chat: with several index and sector breadth MCSUM's at or new their +500 levels
2012-12-18 17:33:20 [Message] fib_1618 -> Chat: let's quickly look at the volume McClellan's
2012-12-18 17:33:38 [Message] fib_1618 -> Chat: wow
2012-12-18 17:33:59 [Message] fib_1618 -> Chat: both the NYSE CO and Composite volume MCO's did move to new highs today
2012-12-18 17:34:07 [Message] fib_1618 -> Chat: well...above those of last week
2012-12-18 17:34:28 [Message] fib_1618 -> Chat: no...actually...above all the recent highs
2012-12-18 17:34:31 [Message] fib_1618 -> Chat: so volume is leading the way
2012-12-18 17:34:37 [Message] fib_1618 -> Chat: with breadth catching up
2012-12-18 17:35:08 [Message] fib_1618 -> Chat: this is what we we're looking for to confirm a trending price structure
2012-12-18 17:35:10 [Message] fib_1618 -> Chat: and we have one now
2012-12-18 17:35:22 [Message] fib_1618 -> Chat: the November lows were, in fact, the lows for that sequence
2012-12-18 17:35:41 [Message] fib_1618 -> Chat: and maybe...our mid December lows have just passed
2012-12-18 17:35:42 [Message] fib_1618 -> Chat: after all
2012-12-18 17:35:57 [Message] fib_1618 -> Chat: sentiment was almost as rotten as it was in mid November
2012-12-18 17:36:16 [Message] fib_1618 -> Chat: and it only took 2 days of snapback to accomplish that
2012-12-18 17:36:49 [Message] fib_1618 -> Chat: the NASDAQ volume MCO is a showing not as much strength as the NYSE
2012-12-18 17:37:12 [Message] fib_1618 -> Chat: but the NASDAQ volume MCSUM has now cleared its important mid September highs
2012-12-18 17:37:23 [Message] fib_1618 -> Chat: so this would highly suggest that we're going to do the same price wise
2012-12-18 17:38:07 [Message] fib_1618 -> Chat: and just checked
2012-12-18 17:38:18 [Message] fib_1618 -> Chat: double bottom on APPLE yesterday
2012-12-18 17:38:27 [Message] fib_1618 -> Chat: compare price with a 14 day RSI
2012-12-18 17:39:01 [Message] fib_1618 -> Chat: but the expectation there is sort of like what happened to Google
2012-12-18 17:39:06 [Message] fib_1618 -> Chat: probably sideways for a while
2012-12-18 17:39:09 [Message] fib_1618 -> Chat: speaking of which
2012-12-18 17:39:15 [Message] fib_1618 -> Chat: who's the new leader?
2012-12-18 17:39:40 [Message] fib_1618 -> Chat: goog...so far
2012-12-18 17:41:12 [Message] fib_1618 -> Chat: just brought a comparison chart of the two
2012-12-18 17:41:15 [Message] fib_1618 -> Chat: and really
2012-12-18 17:41:24 [Message] fib_1618 -> Chat: AAPL doesn't look that bad longer term
2012-12-18 17:41:57 [Message] fib_1618 -> Chat: but it does have lower lows while Google has a higher one
2012-12-18 17:42:08 [Message] fib_1618 -> Chat: so we'll watch this new leadership for a while
2012-12-18 17:43:08 [Message] fib_1618 -> Chat: anyway...
2012-12-18 17:43:26 [Message] fib_1618 -> Chat: much of the volume data is complimenting their breadth cousins
2012-12-18 17:43:33 [Message] fib_1618 -> Chat: so steady as she goes
2012-12-18 17:43:43 [Message] fib_1618 -> Chat: on to the volume oscillators
2012-12-18 17:44:21 [Message] fib_1618 -> Chat: the CVI's are looking climactic here
2012-12-18 17:44:31 [Message] fib_1618 -> Chat: while the STVO"s remain "overbought"
2012-12-18 17:44:40 [Message] fib_1618 -> Chat: and the VTO's continue to strengthen
2012-12-18 17:44:53 [Message] fib_1618 -> Chat: lol
2012-12-18 17:44:59 [Message] fib_1618 -> Chat: NYSE TRIN at .47
2012-12-18 17:45:02 [Message] fib_1618 -> Chat: whew
2012-12-18 17:45:09 [Message] fib_1618 -> Chat: oh man
2012-12-18 17:45:15 [Message] fib_1618 -> Chat: Open 10 now at .73!
2012-12-18 17:45:31 [Message] fib_1618 -> Chat: haven't been up in this territory for a long while
2012-12-18 17:45:59 [Message] fib_1618 -> Chat: since December of 2010
2012-12-18 17:46:17 [Message] fib_1618 -> Chat: and that gave us our rally into the spring
2012-12-18 17:46:58 [Message] fib_1618 -> Chat: NASDAQ TRIN at .78
2012-12-18 17:47:06 [Message] fib_1618 -> Chat: Open 10 at .80
2012-12-18 17:47:10 [Message] fib_1618 -> Chat: "overbought"
2012-12-18 17:47:19 [Message] fib_1618 -> Chat: TM TRIN at .65
2012-12-18 17:47:29 [Message] fib_1618 -> Chat: Open 10 at .78
2012-12-18 17:47:51 [Message] fib_1618 -> Chat: so...
2012-12-18 17:48:07 [Message] fib_1618 -> Chat: makes you wonder if the dam has broken
2012-12-18 17:48:24 [Message] fib_1618 -> Chat: as money continues to move into stocks
2012-12-18 17:48:35 [Message] fib_1618 -> Chat: and unlike our last rally from June to October
2012-12-18 17:48:46 [Message] fib_1618 -> Chat: this time the broader NYA is leading the sub set indices
2012-12-18 17:49:00 [Message] fib_1618 -> Chat: the secondaries continue to improve
2012-12-18 17:49:17 [Message] fib_1618 -> Chat: but the biggest capital inflow is going into the mid caps
2012-12-18 17:49:48 [Message] fib_1618 -> Chat: which have the dual position of being able both growth and value stocks
2012-12-18 17:50:23 [Message] fib_1618 -> Chat: our only apprehension of going "all in" here is the high numbers in the Open 10's
2012-12-18 17:50:42 [Message] fib_1618 -> Chat: but as long as both volume and breadth continue to move in sync with each other
2012-12-18 17:50:57 [Message] fib_1618 -> Chat: and volume is showing more lift
2012-12-18 17:51:07 [Message] fib_1618 -> Chat: it's hard to stay "under invested"
2012-12-18 17:51:27 [Message] unc1998 -> Chat: Dave, what was the ISEE number today?
2012-12-18 17:51:28 [Message] fib_1618 -> Chat: anything else?
2012-12-18 17:51:37 [Message] fib_1618 -> Chat: let me check...I think it was 120
2012-12-18 17:51:44 [Message] unc1998 -> Chat: thanks
2012-12-18 17:51:53 [Message] fib_1618 -> Chat: yes, 120
2012-12-18 17:52:04 [Message] fib_1618 -> Chat: you know...
2012-12-18 17:52:16 [Message] fib_1618 -> Chat: it could be a simple case of
2012-12-18 17:52:32 [Message] fib_1618 -> Chat: holding shorts and buying calls as insurance
2012-12-18 17:52:52 [Message] fib_1618 -> Chat: the problem with us humans
2012-12-18 17:53:06 [Message] fib_1618 -> Chat: is that even though we may want to think without emotion
2012-12-18 17:53:13 [Message] fib_1618 -> Chat: we can't help ourselves
2012-12-18 17:53:40 [Message] fib_1618 -> Chat: so while we're being beaten down every day that we're one day closer to collapse
2012-12-18 17:54:03 [Message] fib_1618 -> Chat: it makes it hard to go against this prevailing school of thought
2012-12-18 17:54:10 [Message] fib_1618 -> Chat: but when look at this data
2012-12-18 17:54:19 [Message] fib_1618 -> Chat: it sure doesn't seem to be a problem right now
2012-12-18 17:54:38 [Message] fib_1618 -> Chat: and, in fact, improved significantly today
2012-12-18 17:54:48 [Message] fib_1618 -> Chat: who are we to argue?
2012-12-18 17:54:57 [Message] fib_1618 -> Chat: do our eyes deceive us?
2012-12-18 17:55:20 [Message] fib_1618 -> Chat: the same tools that have gotten us in and out to maximum benefit...have they stopped working?
2012-12-18 17:55:44 [Message] fib_1618 -> Chat: do people know what they're doing?
2012-12-18 17:56:09 [Message] fib_1618 -> Chat: and will all of sudden wake up and move in the direction in which our emotions suggest would be the reasonable outcome?
2012-12-18 17:56:26 [Message] fib_1618 -> Chat: with what we do in here
2012-12-18 17:56:38 [Message] fib_1618 -> Chat: even if we saw this kind of abrupt shift of opinion
2012-12-18 17:56:52 [Message] fib_1618 -> Chat: it's now going to take a lot of time to turn this cruise ship around
2012-12-18 17:57:05 [Message] fib_1618 -> Chat: so the rest of the year...we're fine
2012-12-18 17:57:13 [Message] fib_1618 -> Chat: and, in fact, according to the SPX
2012-12-18 17:57:24 [Message] fib_1618 -> Chat: we're fine into mid month in January
2012-12-18 17:57:45 [Message] fib_1618 -> Chat: will it because they come to some sort of agreement in DC?
2012-12-18 17:57:52 [Message] fib_1618 -> Chat: (shrug)
2012-12-18 17:57:54 [Message] fib_1618 -> Chat: I don't know...
2012-12-18 17:57:56 [Message] fib_1618 -> Chat: and really
2012-12-18 17:57:59 [Message] fib_1618 -> Chat: I don't care
2012-12-18 17:58:08 [Message] fib_1618 -> Chat: as long as money is moving in
2012-12-18 17:58:11 [Message] fib_1618 -> Chat: I'm following it
2012-12-18 17:58:30 [Message] fib_1618 -> Chat: and we'll let others give these answers
2012-12-18 17:58:41 [Message] fib_1618 -> Chat: (of which there are many)
2012-12-18 17:58:52 [Message] fib_1618 -> Chat: OK..anything else?
2012-12-18 17:59:16 [Message] fib_1618 -> Chat: OK...then I"m going to take off
2012-12-18 17:59:27 [Message] fib_1618 -> Chat: one more chat for 2013 coming up this Thursday
2012-12-18 17:59:30 [Message] fib_1618 -> Chat: I look forward to it
2012-12-18 17:59:43 [Message] fib_1618 -> Chat: everyone have a great couple of days
2012-12-18 17:59:50 [Message] fib_1618 -> Chat: and we'll see what's happening in a couple of days
2012-12-18 17:59:52 [Message] fib_1618 -> Chat: good night

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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

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“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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