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fib_1618

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Reply with quote  #1 
2014-12-23 16:00:08 [Message] fib_1618 -> Chat: good day
2014-12-23 16:00:12 [Message] fib_1618 -> Chat: how is everyone?
2014-12-23 16:00:40 [Message] rite01 -> Chat: Great!!
2014-12-23 16:01:31 [Message] fib_1618 -> Chat: [smile]
2014-12-23 16:01:54 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2014-12-23 16:02:49 [Message] fib_1618 -> Chat: as a reminder
2014-12-23 16:02:56 [Message] fib_1618 -> Chat: this will be our last chat for 2014
2014-12-23 16:03:24 [Message] fib_1618 -> Chat: our next get together will be on Tuesday, January 6th
2014-12-23 16:03:54 [Message] fib_1618 -> Chat: I should have the January schedule up sometime this weekend
2014-12-23 16:05:08 [Message] fib_1618 -> Chat: let's wait another minute and then we'll start
2014-12-23 16:06:20 [Message] fib_1618 -> Chat: OK...let's get SC up and get going
2014-12-23 16:06:39 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO moved higher yet again today
2014-12-23 16:06:54 [Message] fib_1618 -> Chat: and we have now taken out the late November highs in this effort
2014-12-23 16:07:17 [Message] fib_1618 -> Chat: this would now suggest that there is enough fuel in common stocks to drive the NYA to new record highs
2014-12-23 16:07:37 [Message] fib_1618 -> Chat: all we need now is for the other 60% of the exchange to agree as represented by the NYSE Composite
2014-12-23 16:08:03 [Message] fib_1618 -> Chat: as we talked about on Monday
2014-12-23 16:08:25 [Message] fib_1618 -> Chat: this move above the November MCO highs has now driven the NYSE CO breadth MCSUM into its gap resistance zone
2014-12-23 16:08:40 [Message] fib_1618 -> Chat: which pretty much takes any chance of a ledge formation off the table
2014-12-23 16:09:05 [Message] fib_1618 -> Chat: but leaves the possibility of a fishhook still on
2014-12-23 16:09:32 [Message] fib_1618 -> Chat: any continued move to the upside from here, however, would then secure that this MCSUM has made a low at about the +200 level
2014-12-23 16:09:58 [Message] fib_1618 -> Chat: and that it should go ahead and challenge the MCSUM highs at the +600 level
2014-12-23 16:10:07 [Message] fib_1618 -> Chat: if this were to happen
2014-12-23 16:10:22 [Message] fib_1618 -> Chat: more than likely that challenge will come with towards the end of next week or at the beginning of next year
2014-12-23 16:11:00 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2014-12-23 16:11:11 [Message] fib_1618 -> Chat: and here we did NOT move above the late November highs as yet
2014-12-23 16:11:27 [Message] fib_1618 -> Chat: so this leaves things undetermined at this time
2014-12-23 16:11:49 [Message] fib_1618 -> Chat: where the buyers will need to step up here by Friday
2014-12-23 16:12:12 [Message] fib_1618 -> Chat: or we're likely to see some sort of pattern exhaustion take place
2014-12-23 16:12:22 [Message] fib_1618 -> Chat: and with it
2014-12-23 16:12:42 [Message] fib_1618 -> Chat: we would "back up the truck" to the MCO zero line
2014-12-23 16:13:16 [Message] fib_1618 -> Chat: looking at the 21 day close up chart of the NYSE Composite breadth MCSUM
2014-12-23 16:13:43 [Message] fib_1618 -> Chat: and we see that here we are still a bit away from challenging its gap resistance zone
2014-12-23 16:14:04 [Message] fib_1618 -> Chat: so we can't really get too excited here until this work is accomplished
2014-12-23 16:14:39 [Message] fib_1618 -> Chat: and why prices in the NYA continue to lag other market indices at this time
2014-12-23 16:14:47 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO
2014-12-23 16:15:03 [Message] fib_1618 -> Chat: and here we had another small point change today
2014-12-23 16:15:27 [Message] fib_1618 -> Chat: with today's pullback taking place near the late November highs
2014-12-23 16:15:59 [Message] fib_1618 -> Chat: this is also why we were only able to challenge the recent highs in the index
2014-12-23 16:16:11 [Message] fib_1618 -> Chat: before falling away and closing lower
2014-12-23 16:16:36 [Message] fib_1618 -> Chat: now the good news here
2014-12-23 16:16:49 [Message] fib_1618 -> Chat: is that if we look at the 21 day close up of the NASDAQ breadth MCSUM
2014-12-23 16:17:03 [Message] fib_1618 -> Chat: we see that we ARE in the process of closing the MCSUM gap at this time
2014-12-23 16:17:24 [Message] fib_1618 -> Chat: this would then suggest that another push by the buyers is likely to take place
2014-12-23 16:17:33 [Message] fib_1618 -> Chat: and if this doesn't by Friday
2014-12-23 16:18:07 [Message] fib_1618 -> Chat: then a move back to both the NASDAQ MCO and MCSUM zero lines would be in order
2014-12-23 16:18:30 [Message] fib_1618 -> Chat: moving to the NDX breadth MCO
2014-12-23 16:18:38 [Message] fib_1618 -> Chat: and here we also had a small point change today
2014-12-23 16:18:52 [Message] fib_1618 -> Chat: and looking at the NDX breadth MCSUM
2014-12-23 16:19:07 [Message] fib_1618 -> Chat: here we still have the opportunity of a fishhook in play currently
2014-12-23 16:19:28 [Message] fib_1618 -> Chat: where we should see some sort of resolution by Friday of this week
2014-12-23 16:19:56 [Message] fib_1618 -> Chat: new all time closing high in the SPX today
2014-12-23 16:20:04 [Message] fib_1618 -> Chat: at 2082.17
2014-12-23 16:20:25 [Message] fib_1618 -> Chat: leaving it 168 points now from its longer term price objective of 2250
2014-12-23 16:20:58 [Message] fib_1618 -> Chat: and it would appear that the SPX breadth MCO did move above its late November highs today if only by an eyelash
2014-12-23 16:21:08 [Message] fib_1618 -> Chat: let me look at a close up chart...one moment
2014-12-23 16:21:19 [Message] oranges -> Chat: What is typically the max number of days for creation of the fishhook?
2014-12-23 16:21:47 [Message] fib_1618 -> Chat: I'm going to call it a tie for now
2014-12-23 16:22:04 [Message] fib_1618 -> Chat: fishhooks and ledges generally last no longer than 4 trading days
2014-12-23 16:22:26 [Message] fib_1618 -> Chat: I've seen them go longer when there is a lot of indecision
2014-12-23 16:22:33 [Message] fib_1618 -> Chat: maybe 7 days max?
2014-12-23 16:22:40 [Message] fib_1618 -> Chat: beyond that
2014-12-23 16:22:45 [Message] fib_1618 -> Chat: it's either a turn
2014-12-23 16:22:57 [Message] fib_1618 -> Chat: or sideways movement for up to 2 weeks
2014-12-23 16:23:49 [Message] fib_1618 -> Chat: like we saw in the Dow breadth MCSUM over the summer
2014-12-23 16:24:23 [Message] fib_1618 -> Chat: back to the SPX breadth MCSUM
2014-12-23 16:24:29 [Message] fib_1618 -> Chat: and putting ruler to monitor there
2014-12-23 16:24:48 [Message] fib_1618 -> Chat: and we see that we are also moving within the gap resistance range at this time
2014-12-23 16:25:16 [Message] fib_1618 -> Chat: so some of our not being able to burst through this area might be because of the holiday week
2014-12-23 16:25:35 [Message] fib_1618 -> Chat: especially if we continue to see marked improvement in this area over the next couple of trading days
2014-12-23 16:25:46 [Message] fib_1618 -> Chat: ideally under such a scenario
2014-12-23 16:25:56 [Message] fib_1618 -> Chat: we should be firm for the half day on Wednesday
2014-12-23 16:26:06 [Message] fib_1618 -> Chat: and then really see a push higher on the 26th
2014-12-23 16:26:28 [Message] fib_1618 -> Chat: for now
2014-12-23 16:26:50 [Message] fib_1618 -> Chat: our expectation would be to see the SPX breadth MCSUM move up toward the +1000 level
2014-12-23 16:27:04 [Message] fib_1618 -> Chat: and given the current reading of +915
2014-12-23 16:27:25 [Message] fib_1618 -> Chat: that could be done by next Monday, with an outside chance of this coming Friday
2014-12-23 16:27:44 [Message] fib_1618 -> Chat: though one would think that may not be doable
2014-12-23 16:28:09 [Message] fib_1618 -> Chat: one thing that we do know though is that unless the buyers keep the pressure on and actually move above the late November highs in the SPX MCO
2014-12-23 16:29:04 [Message] fib_1618 -> Chat: the price action will not be able to stay in this all time high territory for very long
2014-12-23 16:29:17 [Message] fib_1618 -> Chat: especially if the OEX is lagging here...let's see
2014-12-23 16:29:33 [Message] fib_1618 -> Chat: and, yes, it is lagging a bit
2014-12-23 16:29:52 [Message] fib_1618 -> Chat: and why the price bar today was not able to hold in its all time high territory
2014-12-23 16:30:13 [Message] fib_1618 -> Chat: it is, however, a new all time high close in the OEX
2014-12-23 16:30:39 [Message] fib_1618 -> Chat: all time high close in the Dow today
2014-12-23 16:30:43 [Message] fib_1618 -> Chat: with a mid range close
2014-12-23 16:30:54 [Message] fib_1618 -> Chat: this would suggest a down close on Wednesday
2014-12-23 16:31:31 [Message] fib_1618 -> Chat: which would kinda fit the idea of our not seeing a successful challenge of the late November highs in the breadth MCO's until after the holiday on Thursday
2014-12-23 16:32:11 [Message] fib_1618 -> Chat: these straight line upside moves in the MCO's make me "nervous"
2014-12-23 16:32:39 [Message] fib_1618 -> Chat: sure would like to see some back and fill here before we make a more concerted effort to trade at new all time highs
2014-12-23 16:32:56 [Message] fib_1618 -> Chat: it's going to be a tricky 2 weeks
2014-12-23 16:33:13 [Message] fib_1618 -> Chat: want to check something for next week...one sec
2014-12-23 16:34:39 [Message] fib_1618 -> Chat: OK...jobs numbers for December come out on the 10th of January
2014-12-23 16:35:26 [Message] fib_1618 -> Chat: with not a lot of important reports for next week
2014-12-23 16:35:29 [Message] fib_1618 -> Chat: (yawn)
2014-12-23 16:35:59 [Message] fib_1618 -> Chat: the MID closed at new all time highs today
2014-12-23 16:36:18 [Message] fib_1618 -> Chat: but this wasn't confirmed by the MID breadth MCO as it failed to move above the end November highs
2014-12-23 16:36:32 [Message] fib_1618 -> Chat: so either the bulls step up on Wednesday
2014-12-23 16:36:45 [Message] fib_1618 -> Chat: or it's likely that we'll see a down close there as well tomorrow
2014-12-23 16:37:12 [Message] fib_1618 -> Chat: the MID breadth MCSUM is now just 28 data points from the +750 level
2014-12-23 16:37:39 [Message] fib_1618 -> Chat: as the MID breadth MCSUM is just now entering its gap resistance zone
2014-12-23 16:37:45 [Message] fib_1618 -> Chat: I don't know...
2014-12-23 16:37:56 [Message] fib_1618 -> Chat: could be that any or all tax selling might be behind us now
2014-12-23 16:38:18 [Message] fib_1618 -> Chat: and that any money moving in is sure to push prices higher under its own momentum
2014-12-23 16:38:40 [Message] fib_1618 -> Chat: new all time high price close in the SML as well
2014-12-23 16:38:44 [Message] fib_1618 -> Chat: let me check the RUT
2014-12-23 16:39:03 [Message] fib_1618 -> Chat: yep...new all time highs there as well
2014-12-23 16:39:32 [Message] fib_1618 -> Chat: sorry
2014-12-23 16:39:36 [Message] fib_1618 -> Chat: my mistake
2014-12-23 16:39:58 [Message] fib_1618 -> Chat: we're still 10 points away from all time highs on the RUT
2014-12-23 16:40:33 [Message] fib_1618 -> Chat: but confirmed on the SML
2014-12-23 16:40:44 [Message] fib_1618 -> Chat: so not a bad day for the bulls
2014-12-23 16:40:52 [Message] fib_1618 -> Chat: let's see how the Wilshire did
2014-12-23 16:41:12 [Message] fib_1618 -> Chat: oh...and the SML breadth MCSUM is right at its declining tops line at today's close
2014-12-23 16:41:42 [Message] fib_1618 -> Chat: so any move above this line would be a highly bullish event for that basket of stocks
2014-12-23 16:42:01 [Message] fib_1618 -> Chat: and new all time highs in the Wilshire 5000
2014-12-23 16:42:23 [Message] fib_1618 -> Chat: though not confirmed by the TM breadth MCO
2014-12-23 16:42:31 [Message] fib_1618 -> Chat: but it did have another small point change today
2014-12-23 16:43:05 [Message] fib_1618 -> Chat: and the TM breadth MCSUM is still below its gap resistance zone
2014-12-23 16:43:07 [Message] fib_1618 -> Chat: so...
2014-12-23 16:43:38 [Message] fib_1618 -> Chat: primarily on the back of the momentum generated by the reversal of last week
2014-12-23 16:43:54 [Message] fib_1618 -> Chat: many of the major price indices closed at new all time highs today
2014-12-23 16:44:04 [Message] fib_1618 -> Chat: some of which were confirmed by their breadth MCO's
2014-12-23 16:44:12 [Message] fib_1618 -> Chat: while others were not
2014-12-23 16:44:33 [Message] fib_1618 -> Chat: we will quickly need to see a more uniformed effort by the market bulls in total
2014-12-23 16:44:47 [Message] fib_1618 -> Chat: or a pull back of 2-4 days is likely to occur
2014-12-23 16:45:16 [Message] fib_1618 -> Chat: and from where internal support will be built for a better attempt to succeed to new highs
2014-12-23 16:45:39 [Message] fib_1618 -> Chat: new all time highs today in the XLY price chart
2014-12-23 16:46:18 [Message] fib_1618 -> Chat: in spite of durable goods being down 7/10 of 1 percent
2014-12-23 16:46:25 [Message] fib_1618 -> Chat: where the market was looking for up 3%
2014-12-23 16:47:02 [Message] fib_1618 -> Chat: this is one of those times where many start to question how important fundamentals are in predicting future stock market direction
2014-12-23 16:47:16 [Message] fib_1618 -> Chat: and wind up either quitting or trying technical analysis [smile]
2014-12-23 16:47:43 [Message] fib_1618 -> Chat: looking at the XLY breadth MCO
2014-12-23 16:47:52 [Message] fib_1618 -> Chat: and we see no confirmation of this new new high either
2014-12-23 16:47:57 [Message] fib_1618 -> Chat: so with a mid range close of its own
2014-12-23 16:48:11 [Message] fib_1618 -> Chat: the odds suggest a pullback is in order
2014-12-23 16:48:43 [Message] fib_1618 -> Chat: unless last minute retirement money continues to move in here
2014-12-23 16:48:59 [Message] fib_1618 -> Chat: in any event
2014-12-23 16:49:17 [Message] fib_1618 -> Chat: the next expectation here is for the XLY breadth MCSUM to move up toward the +1250 level
2014-12-23 16:49:23 [Message] fib_1618 -> Chat: so we'll go with that for now
2014-12-23 16:49:44 [Message] fib_1618 -> Chat: new all time closing highs as well in the XLP
2014-12-23 16:49:53 [Message] fib_1618 -> Chat: and here too with no MCO breadth confirmation
2014-12-23 16:50:00 [Message] fib_1618 -> Chat: rather dangerous situation if this keeps up
2014-12-23 16:50:29 [Message] fib_1618 -> Chat: as this implies that a reset would be necessary to try to better internal support
2014-12-23 16:51:20 [Message] fib_1618 -> Chat: the XLE is now a little over a point away from reaching its pattern gap resistance area
2014-12-23 16:51:43 [Message] fib_1618 -> Chat: and unless we see the XLE breadth MCO move to higher highs from here
2014-12-23 16:51:58 [Message] fib_1618 -> Chat: it's not likely that prices will be able to attempt to fill this area this time around
2014-12-23 16:52:30 [Message] fib_1618 -> Chat: and that a one or two day pullback to the $79 area would be indicated over the next couple of trading days
2014-12-23 16:52:59 [Message] fib_1618 -> Chat: we do note, however, that the XLE 10% Trend did break above its zero line on Friday
2014-12-23 16:53:14 [Message] fib_1618 -> Chat: snapped back to it on Monday
2014-12-23 16:53:21 [Message] fib_1618 -> Chat: and bounced off its zero line today
2014-12-23 16:53:57 [Message] fib_1618 -> Chat: this is a promising sequence in the hopes that the pattern lows of last week were indeed a washout
2014-12-23 16:55:08 [Message] fib_1618 -> Chat: so any higher high here in the XLE breadth MCO would only happen with a push in the 5% Trend back into positive territory
2014-12-23 16:55:25 [Message] fib_1618 -> Chat:  and that should be enough to trigger a buy signal overall
2014-12-23 16:55:34 [Message] fib_1618 -> Chat: and then we should fill that pattern gap very quickly
2014-12-23 16:55:57 [Message] fib_1618 -> Chat: and that's good for a 4 point move or so from current levels
2014-12-23 16:56:13 [Message] fib_1618 -> Chat: so something worth watching for the next couple of days
2014-12-23 16:56:41 [Message] fib_1618 -> Chat: at long last the XLF finally reached it's upside price target of $25
2014-12-23 16:57:18 [Message] fib_1618 -> Chat: now all we need to move to the next target would be a break above the previous tops seen in November and December in the XLF breadth MCO
2014-12-23 16:57:33 [Message] fib_1618 -> Chat: where we perceptively did so today
2014-12-23 16:57:53 [Message] fib_1618 -> Chat: so if we do get follow through in the next day or so
2014-12-23 16:57:59 [Message] fib_1618 -> Chat: the next price target there is...
2014-12-23 16:58:43 [Message] fib_1618 -> Chat: is about $30
2014-12-23 16:58:54 [Message] fib_1618 -> Chat: and then the all time highs at $32
2014-12-23 16:59:20 [Message] fib_1618 -> Chat: boy...talk about a struggle
2014-12-23 16:59:39 [Message] fib_1618 -> Chat: the longer term chart pattern in the XLF sure has had its challenges over the years
2014-12-23 17:00:22 [Message] fib_1618 -> Chat: looks like a double top in the XLV
2014-12-23 17:00:26 [Message] fib_1618 -> Chat: let me check the volume
2014-12-23 17:00:49 [Message] fib_1618 -> Chat: yes sir!
2014-12-23 17:00:53 [Message] fib_1618 -> Chat: double top in the XLV!
2014-12-23 17:00:59 [Message] fib_1618 -> Chat: textbook
2014-12-23 17:01:25 [Message] fib_1618 -> Chat: first attempt at support will be at the neckline at $67
2014-12-23 17:01:41 [Message] fib_1618 -> Chat: downside target on the break is...
2014-12-23 17:01:55 [Message] fib_1618 -> Chat: we'll call it $63
2014-12-23 17:02:08 [Message] fib_1618 -> Chat: note also the internal confirmation of this double top structure
2014-12-23 17:02:26 [Message] fib_1618 -> Chat: with the XLV breadth MCO moving to 1 year lows last week
2014-12-23 17:02:39 [Message] fib_1618 -> Chat: and then failing to move above the zero line on its snapback
2014-12-23 17:02:56 [Message] fib_1618 -> Chat: near term though
2014-12-23 17:03:09 [Message] fib_1618 -> Chat: the XLV components remain above their zero line
2014-12-23 17:03:15 [Message] fib_1618 -> Chat: so in the bigger context
2014-12-23 17:03:16 [Message] fib_1618 -> Chat: so far
2014-12-23 17:03:22 [Message] fib_1618 -> Chat: this would be a corrective sequence
2014-12-23 17:03:48 [Message] fib_1618 -> Chat: with money probably getting a bit nervous here with the new Congress and with a new attempt to overturn ACA
2014-12-23 17:04:19 [Message] fib_1618 -> Chat: so there's a bearish sector for those so inclined
2014-12-23 17:04:32 [Message] fib_1618 -> Chat: new all time highs in the XLI
2014-12-23 17:04:43 [Message] fib_1618 -> Chat: with the XLI breadth MCO continuing to move higher
2014-12-23 17:05:07 [Message] fib_1618 -> Chat: and now with a +92 reading it's deemed deeply "overbought"
2014-12-23 17:05:38 [Message] fib_1618 -> Chat: we also saw some nice follow through action by the buyers today
2014-12-23 17:05:58 [Message] fib_1618 -> Chat: which pushed the XLI breadth MCSUM above the +750 level
2014-12-23 17:06:39 [Message] fib_1618 -> Chat: so a challenge of the highs at +1000 is our next expectation there
2014-12-23 17:07:12 [Message] fib_1618 -> Chat: after moving sharply lower last week
2014-12-23 17:07:47 [Message] fib_1618 -> Chat: the XLB is now broken above the short term declining tops line that was controlling the pattern
2014-12-23 17:07:55 [Message] fib_1618 -> Chat: want to check something...one moment
2014-12-23 17:09:23 [Message] fib_1618 -> Chat: was looking to see if we had made a downside call on the XLB
2014-12-23 17:09:46 [Message] fib_1618 -> Chat: I seem to remember it was around the $46.50 level
2014-12-23 17:09:49 [Message] fib_1618 -> Chat: but I can't find it quickly scanning the transcripts
2014-12-23 17:09:53 [Message] fib_1618 -> Chat: anyway
2014-12-23 17:10:23 [Message] fib_1618 -> Chat: we see that the XLB breadth MCO did move above its early December highs on this break above price resistance
2014-12-23 17:10:34 [Message] fib_1618 -> Chat: so like the other charts we've been reviewing
2014-12-23 17:11:06 [Message] fib_1618 -> Chat: any move above the late November MCO highs here in the XLB would also allow prices to move into new all time high territory as well
2014-12-23 17:12:56 [Message] fib_1618 -> Chat: the XLK attempted to hold in new recovery high territory today
2014-12-23 17:13:06 [Message] fib_1618 -> Chat: but didn't have the underlying strength to do so
2014-12-23 17:13:09 [Message] fib_1618 -> Chat: BTW
2014-12-23 17:13:15 [Message] fib_1618 -> Chat: I heard something interesting today
2014-12-23 17:13:30 [Message] fib_1618 -> Chat: can anyone name the biggest gainer in the Dow this year?
2014-12-23 17:13:45 [Message] fib_1618 -> Chat: it was...
2014-12-23 17:13:47 [Message] fib_1618 -> Chat: Intel
2014-12-23 17:13:51 [Message] fib_1618 -> Chat: now
2014-12-23 17:14:01 [Message] fib_1618 -> Chat: can anyone name the biggest loser?
2014-12-23 17:14:09 [Message] oranges -> Chat: COP ?
2014-12-23 17:14:11 [Message] fib_1618 -> Chat: and, no, it's not an oil stock
2014-12-23 17:14:14 [Message] oranges -> Chat: wait
2014-12-23 17:14:27 [Message] oranges -> Chat: probably IBM
2014-12-23 17:14:30 [Message] fib_1618 -> Chat: yep
2014-12-23 17:14:33 [Message] fib_1618 -> Chat: gold star
2014-12-23 17:14:43 [Message] fib_1618 -> Chat: the largest weighting in the Dow
2014-12-23 17:14:45 [Message] fib_1618 -> Chat: well
2014-12-23 17:14:51 [Message] fib_1618 -> Chat: maybe Visa is these days
2014-12-23 17:14:54 [Message] fib_1618 -> Chat: but still
2014-12-23 17:15:02 [Message] fib_1618 -> Chat: new all time highs in the Dow without "big blue"?
2014-12-23 17:15:06 [Message] fib_1618 -> Chat: heresy!
2014-12-23 17:15:12 [Message] fib_1618 -> Chat: [smile]
2014-12-23 17:15:20 [Message] fib_1618 -> Chat: thought it was interesting though
2014-12-23 17:15:21 [Message] fib_1618 -> Chat: back to work
2014-12-23 17:15:55 [Message] fib_1618 -> Chat: so the XLK still needs some additional help by the buyers to keep prices from retracing here
2014-12-23 17:16:13 [Message] fib_1618 -> Chat: another sector to watch as far as clues go
2014-12-23 17:16:27 [Message] fib_1618 -> Chat: and new all time high close in the XLU
2014-12-23 17:16:50 [Message] fib_1618 -> Chat: though not being confirmed by either the XLU breadth MCO or MCSUM
2014-12-23 17:16:53 [Message] fib_1618 -> Chat: so...
2014-12-23 17:17:33 [Message] fib_1618 -> Chat: the market seems to need a bit of a pull back here as several sectors have moved back into new all time high territory
2014-12-23 17:17:46 [Message] rite01 -> Chat: YTD +28%
2014-12-23 17:17:53 [Message] fib_1618 -> Chat: but are generally in need for some underlying stability to stay there
2014-12-23 17:18:22 [Message] fib_1618 -> Chat: sort of like not having the ladder firmly on the ground and we're at the top of the rungs
2014-12-23 17:18:29 [Message] fib_1618 -> Chat: +28% on which stock?
2014-12-23 17:18:43 [Message] rite01 -> Chat: XLU itself
2014-12-23 17:18:54 [Message] fib_1618 -> Chat: oh...
2014-12-23 17:19:01 [Message] fib_1618 -> Chat: not a bad year at all
2014-12-23 17:19:20 [Message] rite01 -> Chat: wide ride though
2014-12-23 17:19:52 [Message] fib_1618 -> Chat: that would be fun...let's check to see how the sectors did this year
2014-12-23 17:20:08 [Message] fib_1618 -> Chat: XLY up 9%
2014-12-23 17:20:31 [Message] fib_1618 -> Chat: XLP up 18%
2014-12-23 17:20:47 [Message] fib_1618 -> Chat: XLE down 7%
2014-12-23 17:21:00 [Message] fib_1618 -> Chat: XLF up 16%
2014-12-23 17:21:12 [Message] fib_1618 -> Chat: XLV up 25%
2014-12-23 17:21:31 [Message] fib_1618 -> Chat: XLI up 12%
2014-12-23 17:21:46 [Message] fib_1618 -> Chat: XLB up 9%
2014-12-23 17:22:02 [Message] fib_1618 -> Chat: XLK up 20%
2014-12-23 17:22:06 [Message] fib_1618 -> Chat: and XLU up 28%
2014-12-23 17:22:20 [Message] fib_1618 -> Chat: not a bad year if you bought and held
2014-12-23 17:22:36 [Message] fib_1618 -> Chat: INDU up 9%
2014-12-23 17:22:59 [Message] fib_1618 -> Chat: COMPQ up 14%
2014-12-23 17:23:10 [Message] fib_1618 -> Chat: MID up 9%
2014-12-23 17:23:21 [Message] fib_1618 -> Chat: SML up 4%
2014-12-23 17:23:31 [Message] fib_1618 -> Chat: certainly not anywhere like last year's gains
2014-12-23 17:23:38 [Message] fib_1618 -> Chat: shows how special it was
2014-12-23 17:24:04 [Message] fib_1618 -> Chat: REITS's up 28%
2014-12-23 17:24:28 [Message] fib_1618 -> Chat: Gold down 2%
2014-12-23 17:24:47 [Message] fib_1618 -> Chat: interesting when you take a step back and take inventory
2014-12-23 17:25:23 [Message] fib_1618 -> Chat: not much of a change in the CVI's tonight
2014-12-23 17:25:36 [Message] fib_1618 -> Chat: the STVO's, however, are now "overbought"
2014-12-23 17:26:04 [Message] fib_1618 -> Chat: NYSE TRIN at .74
2014-12-23 17:26:22 [Message] fib_1618 -> Chat: some short covering there on the GDP number one would assume
2014-12-23 17:26:29 [Message] fib_1618 -> Chat: that was some number, huh?
2014-12-23 17:27:05 [Message] fib_1618 -> Chat: and gives a perfect example of why one should always follow money and to look for the answers "why?" later on
2014-12-23 17:27:25 [Message] fib_1618 -> Chat: NYSE Open 10 at .94
2014-12-23 17:27:39 [Message] fib_1618 -> Chat: NASDAQ TRIN at 1.32
2014-12-23 17:27:50 [Message] fib_1618 -> Chat: Open 10 at .92
2014-12-23 17:28:07 [Message] fib_1618 -> Chat: TM TRIN at 1.23
2014-12-23 17:28:18 [Message] fib_1618 -> Chat: Open 10 at .93
2014-12-23 17:28:40 [Message] fib_1618 -> Chat: so the market seems to want to take a breather here
2014-12-23 17:28:58 [Message] fib_1618 -> Chat: so unless we see the bulls belly up by Friday
2014-12-23 17:29:23 [Message] fib_1618 -> Chat: we're likely to see some backing and filling take place into next week
2014-12-23 17:29:40 [Message] fib_1618 -> Chat: volatility should remain higher than average during this time
2014-12-23 17:30:23 [Message] fib_1618 -> Chat: but it would seem that we're not going to do very much after it's all said and done between today and the New Year's holiday
2014-12-23 17:30:41 [Message] fib_1618 -> Chat: let me check the BETS
2014-12-23 17:31:38 [Message] fib_1618 -> Chat: -20
2014-12-23 17:31:40 [Message] fib_1618 -> Chat: cash
2014-12-23 17:31:55 [Message] fib_1618 -> Chat: which makes sense as go into the holidays
2014-12-23 17:32:02 [Message] fib_1618 -> Chat: anything else?
2014-12-23 17:32:10 [Message] rite01 -> Chat: Since I've been here estimate your calls long and short have been at least 80% correct maybe be more.  
2014-12-23 17:32:34 [Message] fib_1618 -> Chat: I'm sure that will change [tongue]
2014-12-23 17:33:14 [Message] rite01 -> Chat: I don't know about that but you seem to be on top of it
2014-12-23 17:33:23 [Message] fib_1618 -> Chat: well...
2014-12-23 17:33:35 [Message] fib_1618 -> Chat: the advantage that we have is that we let money to the talking
2014-12-23 17:33:48 [Message] fib_1618 -> Chat: and not to rely on polls or pundits
2014-12-23 17:34:06 [Message] fib_1618 -> Chat: the key is discipline, patience and hard work
2014-12-23 17:34:35 [Message] fib_1618 -> Chat: but we do miss at times
2014-12-23 17:34:53 [Message] fib_1618 -> Chat: but that's usually because of something outside the realm of analysis
2014-12-23 17:35:34 [Message] oranges -> Chat: I can't remember the last time I watch CNBC
2014-12-23 17:35:35 [Message] rite01 -> Chat: It's the longer term that really counts. that's all from me this year.
2014-12-23 17:36:00 [Message] fib_1618 -> Chat: the beauty of what we do here
2014-12-23 17:36:01 [Message] fib_1618 -> Chat: is that
2014-12-23 17:36:18 [Message] fib_1618 -> Chat: no matter what time parameter that fits your trading objectives
2014-12-23 17:37:03 [Message] fib_1618 -> Chat: knowing which direction money is flowing, and the speed in which it's moving, does have its distinct advantages
2014-12-23 17:37:15 [Message] fib_1618 -> Chat: the best part is
2014-12-23 17:37:21 [Message] fib_1618 -> Chat: you don't have to guess
2014-12-23 17:37:26 [Message] fib_1618 -> Chat: you just "go with the flow"
2014-12-23 17:37:40 [Message] rite01 -> Chat: Right
2014-12-23 17:38:03 [Message] fib_1618 -> Chat: anyway...I would like to take a moment to thank everyone for their participation in these chats
2014-12-23 17:38:17 [Message] fib_1618 -> Chat: and I do hope that you've made some profits because of it
2014-12-23 17:38:40 [Message] unc1998 -> Chat: Thank you Dave for everything
2014-12-23 17:38:42 [Message] fib_1618 -> Chat: and with that I'm going to take off for the rest of the year [smile]
2014-12-23 17:38:42 [Message] hawk5734 -> Chat: Thank you Fib....Happy holidays to all.
2014-12-23 17:38:52 [Message] hawk5734 -> Chat: See you next year!
2014-12-23 17:38:55 [Message] fib_1618 -> Chat: everyone have a safe and sane holiday season
2014-12-23 17:39:04 [Message] fib_1618 -> Chat: and we'll try to do even better next year!
2014-12-23 17:39:07 [Message] fib_1618 -> Chat: good night
2014-12-23 17:39:12 [Message] oranges -> Chat: Merry Christmas!
2014-12-23 17:39:24 [Message] unc1998 -> Chat: goodnight all....Merry Christmas!
2014-12-23 17:39:27 [Message] rite01 -> Chat: Thanks Fib and all have a Merry Christmas and a Happy New Year

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