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Posts: 4,899
Reply with quote  #1 
2011-12-27 16:00:14 [Message] fib_1618 -> Chat: good day
2011-12-27 16:00:28 [Message] fib_1618 -> Chat: how is everyone?
2011-12-27 16:00:46 [Message] thespookyone -> Chat: Fine, and you? what was under your tree?
2011-12-27 16:01:05 [Message] fib_1618 -> Chat: coals
2011-12-27 16:01:08 [Message] fib_1618 -> Chat:
2011-12-27 16:03:04 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2011-12-27 16:03:57 [Message] fib_1618 -> Chat: well...let's not waste any more time then and get DP up
2011-12-27 16:04:28 [Message] fib_1618 -> Chat: after moving above the early November highs on Friday
2011-12-27 16:04:48 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO had a small pullback today
2011-12-27 16:05:08 [Message] fib_1618 -> Chat: close to a small point change...but not quite there
2011-12-27 16:05:24 [Message] fib_1618 -> Chat: as we talked about on Thursday
2011-12-27 16:06:09 [Message] fib_1618 -> Chat: any move above these same November highs would then allow the CO NYSE breadth MCSUM to move back to challenge its hesitation point seen in early December
2011-12-27 16:06:33 [Message] fib_1618 -> Chat: and we should reach that target as soon as tomorrow
2011-12-27 16:06:49 [Message] fib_1618 -> Chat: our major resistance point here remains with the MCSUM zero line
2011-12-27 16:07:29 [Message] fib_1618 -> Chat: as it would take a higher high now in the MCO to actually be able to move above this same area of neutrality
2011-12-27 16:07:49 [Message] fib_1618 -> Chat: and if that occurs, we should then see higher highs in the NYA price pattern itself
2011-12-27 16:08:05 [Message] fib_1618 -> Chat: for now...we're only expecting a challenge of these same early November highs
2011-12-27 16:08:14 [Message] fib_1618 -> Chat: but since we're in an indecision pattern
2011-12-27 16:08:17 [Message] fib_1618 -> Chat: and that of a triangle
2011-12-27 16:08:34 [Message] fib_1618 -> Chat: it will take a bit more energy to break above this same consolidation pattern
2011-12-27 16:08:40 [Message] fib_1618 -> Chat: not only of short term duration
2011-12-27 16:08:48 [Message] fib_1618 -> Chat: but also that of intermediate term
2011-12-27 16:09:00 [Message] fib_1618 -> Chat: of which the MCSUM supplies this kind of information
2011-12-27 16:09:45 [Message] fib_1618 -> Chat: small pullback as well with the NYSE breadth MCO
2011-12-27 16:10:01 [Message] fib_1618 -> Chat: and you can now see some nice post upward expansion coming in here with the NYSE breadth MCSUM
2011-12-27 16:10:12 [Message] fib_1618 -> Chat: what will be important for the bears here in order to keep the bulls from running the show in total
2011-12-27 16:10:46 [Message] fib_1618 -> Chat: is that they need to increase their selling over the next couple of days
2011-12-27 16:12:29 [Message] fib_1618 -> Chat: and push the MCO back to a more neutral reading so that the upward progress of the MCSUM will stall out before moving above the early December highs
2011-12-27 16:12:51 [Message] fib_1618 -> Chat: in the meantime
2011-12-27 16:13:05 [Message] fib_1618 -> Chat: we continue on a short term and intermediate term buy signal here
2011-12-27 16:13:36 [Message] fib_1618 -> Chat: with only these same December highs the only hurdle from giving the bulls back total control of the action
2011-12-27 16:14:31 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO
2011-12-27 16:14:41 [Message] fib_1618 -> Chat: and here we do have a small point change in the oscillator
2011-12-27 16:15:27 [Message] fib_1618 -> Chat: these small point changes only tell us that there is "tension (or indecision) on the tape" that will tend to be released within 2 trading days
2011-12-27 16:15:34 [Message] fib_1618 -> Chat: they're compression points
2011-12-27 16:15:48 [Message] fib_1618 -> Chat: so when we get readings of 4 points or less to none on the MCO
2011-12-27 16:16:17 [Message] fib_1618 -> Chat: we usually will see a dramatic move in that particular index in this same allotment of time as this tension is released
2011-12-27 16:16:45 [Message] fib_1618 -> Chat: looking at the NASDAQ breadth MCSUM
2011-12-27 16:17:07 [Message] fib_1618 -> Chat: and we're still not seeing the kind of strength as we are with the NYSE group of stocks
2011-12-27 16:17:33 [Message] fib_1618 -> Chat: not only is the position of the MCSUM not even within range of its early December consolidation
2011-12-27 16:17:58 [Message] fib_1618 -> Chat: but the post expansions are not as wide which indicate a lack of confidence with this same basket of stocks
2011-12-27 16:18:13 [Message] fib_1618 -> Chat: in both cases with the NASDAQ and the NYSE breadth MCSUM
2011-12-27 16:18:51 [Message] fib_1618 -> Chat: this current move higher is probably one of the most under rated sequences that this market has faced in probably 4 years
2011-12-27 16:19:40 [Message] fib_1618 -> Chat: because both of these bounces occurred exactly at the point in which the rising bottoms line for both structures intersected the pattern
2011-12-27 16:19:54 [Message] fib_1618 -> Chat: so any failure here to move above the early December highs
2011-12-27 16:20:15 [Message] fib_1618 -> Chat: could create quite a reversal of fortunes
2011-12-27 16:20:44 [Message] fib_1618 -> Chat: as these same rising trend lines are either challenged, or most likely, when they are violated
2011-12-27 16:21:20 [Message] fib_1618 -> Chat: so the bulls goal here for moving above these same December highs are about as crucial for the longer term health of the price pattern in general as we've had in a while
2011-12-27 16:21:39 [Message] fib_1618 -> Chat: also of note here is that the NASDAQ breadth MCO has not as yet moved above its early November highs
2011-12-27 16:23:04 [Message] fib_1618 -> Chat: and we have had many discussions on the importance of seeing the secondary stocks either lead or at least keep up with the primaries in order for the development of a rising trend structure
2011-12-27 16:23:18 [Message] fib_1618 -> Chat: moving to the NDX
2011-12-27 16:23:32 [Message] fib_1618 -> Chat: and here we have another small point change on the NDX breadth MCO
2011-12-27 16:24:17 [Message] fib_1618 -> Chat: and this is only the second day from where the NDX breadth MCSUM actually turned higher
2011-12-27 16:24:59 [Message] fib_1618 -> Chat: and the distance between the current reading and the early December period is at least a week away from even challenging this area of important resistance
2011-12-27 16:25:32 [Message] fib_1618 -> Chat: so the secondaries are not instilling the kind of technical confidence that we see with the NYSE MCSUM
2011-12-27 16:25:55 [Message] fib_1618 -> Chat: so it may not be too surprising tomorrow to continue to see the kind of day we saw today
2011-12-27 16:26:09 [Message] fib_1618 -> Chat: very the point of exhaustion
2011-12-27 16:26:40 [Message] fib_1618 -> Chat: small point change on the SPX breadth MCO
2011-12-27 16:27:09 [Message] fib_1618 -> Chat: and we have now cleared back above the zero line today on the SPX breadth MCSUM
2011-12-27 16:29:20 [Message] fib_1618 -> Chat: notice that it was only after the SPX breadth MCO moved above its early November highs on Friday, that the price pattern was able to move above its declining tops line yesterday
2011-12-27 16:29:53 [Message] fib_1618 -> Chat: this was the technical expectation of the price pattern being able to do this only on the back of a break above these same MCO highs
2011-12-27 16:30:22 [Message] fib_1618 -> Chat: and a good way in understanding how breadth (or the flow of money) leads price about about 1-2 days
2011-12-27 16:30:55 [Message] fib_1618 -> Chat: but here we have a downside
2011-12-27 16:31:31 [Message] fib_1618 -> Chat: as we do with the other NYSE data that has broken above this pattern high
2011-12-27 16:31:54 [Message] fib_1618 -> Chat: look how the components have not confirmed these same upside breakouts
2011-12-27 16:31:59 [Message] fib_1618 -> Chat: so between this
2011-12-27 16:32:09 [Message] fib_1618 -> Chat: and the lack of response with the NASDAQ data
2011-12-27 16:32:12 [Message] fib_1618 -> Chat: so far...
2011-12-27 16:32:37 [Message] fib_1618 -> Chat: it would appear that unless the buyers continue to come in here over the next couple of days
2011-12-27 16:33:15 [Message] fib_1618 -> Chat: it's unlikely, at this time, that we're not going to move much above the blow off highs of late October
2011-12-27 16:33:30 [Message] fib_1618 -> Chat: and a rally failure will ensue
2011-12-27 16:33:46 [Message] fib_1618 -> Chat: so...continued weakness over the next couple of days here
2011-12-27 16:33:57 [Message] fib_1618 -> Chat: which would slow the rate of ascent in the various MCSUM's
2011-12-27 16:34:18 [Message] fib_1618 -> Chat: would also suggest that we're not likely to get much more than what we have right now
2011-12-27 16:34:32 [Message] fib_1618 -> Chat: now...does this mean this is a good shorting area?
2011-12-27 16:34:36 [Message] fib_1618 -> Chat: and the answer to that is no
2011-12-27 16:35:03 [Message] fib_1618 -> Chat: because you have many of the MCO's still above their zero lines
2011-12-27 16:35:13 [Message] fib_1618 -> Chat: and even to the point of breaking above MCO resistance levels
2011-12-27 16:35:33 [Message] fib_1618 -> Chat: so the sellers really don't have short term control at this juncture
2011-12-27 16:35:48 [Message] fib_1618 -> Chat: when this happens then, we usually get a choppy period
2011-12-27 16:36:17 [Message] fib_1618 -> Chat: the other reason, of course, is that some of the breadth MCSUM's are above their zero lines as well
2011-12-27 16:36:44 [Message] fib_1618 -> Chat: so unless the bulls flex their muscles here and drive the point home
2011-12-27 16:37:03 [Message] fib_1618 -> Chat: the rest of this week is likely to be on the boring side
2011-12-27 16:37:22 [Message] fib_1618 -> Chat: as there's not enough buyers to push prices higher
2011-12-27 16:37:43 [Message] fib_1618 -> Chat: but there's not enough sellers to turn the current tide in their direction
2011-12-27 16:37:47 [Message] fib_1618 -> Chat: of course
2011-12-27 16:38:01 [Message] fib_1618 -> Chat: if we see the MCSUM's move above their early December highs
2011-12-27 16:38:08 [Message] fib_1618 -> Chat: we can then initiate long positions
2011-12-27 16:38:28 [Message] fib_1618 -> Chat: but for looks like the cash is where its at until we get more information
2011-12-27 16:39:13 [Message] fib_1618 -> Chat: pretty much the same situation with the OEX data
2011-12-27 16:39:29 [Message] fib_1618 -> Chat: but notice that the OEX breadth MCSUM is now back above its +250 level
2011-12-27 16:39:45 [Message] fib_1618 -> Chat: and this will tend to keep prices quite buoyant for the near term
2011-12-27 16:40:10 [Message] fib_1618 -> Chat: and unless we get more energy here
2011-12-27 16:40:31 [Message] fib_1618 -> Chat: the blow-off highs of late October should provide some formidable resistance
2011-12-27 16:41:08 [Message] fib_1618 -> Chat: the Dow breadth MCSUM is now back above the +500 level
2011-12-27 16:41:24 [Message] fib_1618 -> Chat: so the bears are going have a tough time mounting any kind of defense with this index
2011-12-27 16:41:51 [Message] fib_1618 -> Chat: their only way they can do this is starting to chip away at this same support
2011-12-27 16:42:14 [Message] fib_1618 -> Chat: and now that the Dow breadth MCSUM is smack dab in the middle of its early December consolidation period
2011-12-27 16:42:39 [Message] fib_1618 -> Chat: the next couple of days are going to be important for both sides
2011-12-27 16:43:16 [Message] fib_1618 -> Chat: small point change on the MID breadth MCO with a +65 reading
2011-12-27 16:43:28 [Message] fib_1618 -> Chat: also a mid range close on the MID price chart
2011-12-27 16:44:19 [Message] fib_1618 -> Chat: and with the MID breadth MCSUM just below its zero line
2011-12-27 16:44:57 [Message] fib_1618 -> Chat: the expectation here is for a lower move in the MCO to stall out the MCSUM and have a lower close on Wednesday as a result
2011-12-27 16:45:22 [Message] fib_1618 -> Chat: on the flip side
2011-12-27 16:45:34 [Message] fib_1618 -> Chat: the SML data continues to look very good here
2011-12-27 16:45:46 [Message] fib_1618 -> Chat: with the price pattern closing above the blow off highs of October today
2011-12-27 16:46:03 [Message] fib_1618 -> Chat: and unless we have a hard reversal tomorrow
2011-12-27 16:46:37 [Message] fib_1618 -> Chat: the SML breadth MCSUM will likely move back above early December highs as soon as tomorrow
2011-12-27 16:46:59 [Message] fib_1618 -> Chat: still...there's zero line resistance above that
2011-12-27 16:47:07 [Message] fib_1618 -> Chat: and though it's possible
2011-12-27 16:47:55 [Message] fib_1618 -> Chat: one would think that many portfolios have now been adjusted to any re-balancing issues might behind us now
2011-12-27 16:48:45 [Message] fib_1618 -> Chat: so we'll probably get our best tip off on whether this is the beginning of something bullish here by watching what this basket of stocks does over the next several days
2011-12-27 16:49:14 [Message] fib_1618 -> Chat: and a small point change with the TM breadth MCO
2011-12-27 16:49:50 [Message] fib_1618 -> Chat: so let's go ahead and expect a dramatic move in the major market averages in the next two trading sessions
2011-12-27 16:50:34 [Message] fib_1618 -> Chat: with the more likely outcome a snapback to or towards the MCO zero lines as our higher probability outcome
2011-12-27 16:51:03 [Message] fib_1618 -> Chat: let's take a quick look at the sector breadth data
2011-12-27 16:51:20 [Message] fib_1618 -> Chat: small point change on the XLY breadth MCO
2011-12-27 16:52:45 [Message] fib_1618 -> Chat: and the XLY breadth MCSUM is now within its resistance area and moving above its zero line today
2011-12-27 16:53:36 [Message] fib_1618 -> Chat: the XLP continues to show good strength here
2011-12-27 16:54:10 [Message] fib_1618 -> Chat: with its MCSUM in the same situation as far as resistance levels are concerned
2011-12-27 16:54:30 [Message] fib_1618 -> Chat: small point change with the XLE breadth MCO
2011-12-27 16:54:56 [Message] fib_1618 -> Chat: with a component buy signal generated today
2011-12-27 16:55:20 [Message] fib_1618 -> Chat: but the XLE breadth MCSUM lacks a lot to be desired to stand aside
2011-12-27 16:55:45 [Message] fib_1618 -> Chat: and now we come to the XLF data
2011-12-27 16:56:03 [Message] fib_1618 -> Chat: where we have the XLF breadth MCO looking good here
2011-12-27 16:56:30 [Message] fib_1618 -> Chat: fulfilling what looks like a simple snapback to what was overhead resistance
2011-12-27 16:56:42 [Message] fib_1618 -> Chat: and unless this sector falls apart on Wednesday
2011-12-27 16:57:02 [Message] fib_1618 -> Chat: the XLF breadth MCSUM will be able to move into the clear for the bulls
2011-12-27 16:57:26 [Message] fib_1618 -> Chat: so the small caps and the financials seem to be leading the charge here
2011-12-27 16:58:11 [Message] fib_1618 -> Chat: the XLV continues to enjoy all of the "defensive" attention of late
2011-12-27 16:58:28 [Message] fib_1618 -> Chat: with a nice thrust on the XLV breadth MCO
2011-12-27 16:58:44 [Message] fib_1618 -> Chat: but the lack of texture above the zero line is a near term problem
2011-12-27 16:59:25 [Message] fib_1618 -> Chat: like the XLF, the XLK breadth MCSUM should be able to move above its resistance zone as soon as tomorrow
2011-12-27 17:03:08 [Message] fib_1618 -> Chat: moving to the XLI breadth MCO
2011-12-27 17:03:23 [Message] fib_1618 -> Chat: and here we see another small pullback today
2011-12-27 17:03:50 [Message] fib_1618 -> Chat: with the XLI breadth MCSUM now within a day from challenging its zero line
2011-12-27 17:04:00 [Message] fib_1618 -> Chat: it would seem
2011-12-27 17:04:07 [Message] fib_1618 -> Chat: as we are moving through the data
2011-12-27 17:04:13 [Message] fib_1618 -> Chat: that what may happen here
2011-12-27 17:04:25 [Message] fib_1618 -> Chat: is soft day on Wednesday price wise
2011-12-27 17:04:34 [Message] fib_1618 -> Chat: but with the internals showing much more weakness
2011-12-27 17:04:48 [Message] fib_1618 -> Chat: and then a more pronounced down day on Thursday
2011-12-27 17:05:09 [Message] fib_1618 -> Chat: which would then set us up for Friday as being net neutral for many of the MCO's and some of the MCSUM's
2011-12-27 17:05:30 [Message] fib_1618 -> Chat: does anyone know if we have trading next Monday or not?
2011-12-27 17:05:51 [Message] thespookyone -> Chat: off on the 2nd
2011-12-27 17:05:55 [Message] fib_1618 -> Chat: OK...thanks
2011-12-27 17:06:00 [Message] fib_1618 -> Chat: so another 3 day weekend
2011-12-27 17:06:08 [Message] thespookyone -> Chat: yep
2011-12-27 17:06:53 [Message] fib_1618 -> Chat: the XLB breadth MCO now has a reading of +78
2011-12-27 17:07:04 [Message] fib_1618 -> Chat: so we're "overbought" there
2011-12-27 17:07:40 [Message] fib_1618 -> Chat: and still not able to move above the early November highs as yet
2011-12-27 17:08:07 [Message] fib_1618 -> Chat: so, again, will the bulls be able to muster enough confidence to move above this level?
2011-12-27 17:08:18 [Message] fib_1618 -> Chat: or is it a time for a rest?
2011-12-27 17:08:40 [Message] fib_1618 -> Chat: the XLB breadth MCSUM is back above its zero line now
2011-12-27 17:08:58 [Message] fib_1618 -> Chat: so shorting here, unless its hit and run, is not a real option
2011-12-27 17:09:07 [Message] fib_1618 -> Chat: you know...
2011-12-27 17:09:23 [Message] fib_1618 -> Chat: I would love to say that the bulls have the ball now and are driving nicely
2011-12-27 17:10:03 [Message] fib_1618 -> Chat: but it's like they have butter on their hands...they might continue to control the ball, but with one or two good hits, and the ball might squirt out of their possession
2011-12-27 17:10:23 [Message] fib_1618 -> Chat: small point change on the XLK breadth MCO
2011-12-27 17:10:36 [Message] fib_1618 -> Chat: and right at the November highs
2011-12-27 17:10:44 [Message] fib_1618 -> Chat: this is another key sector
2011-12-27 17:11:12 [Message] fib_1618 -> Chat: for if it's able to move above the early November highs
2011-12-27 17:11:23 [Message] fib_1618 -> Chat: and we can get the components to confirm this move
2011-12-27 17:11:33 [Message] fib_1618 -> Chat: then we could be rock steady
2011-12-27 17:11:45 [Message] fib_1618 -> Chat: too much inconsistency here
2011-12-27 17:11:51 [Message] fib_1618 -> Chat: but one thing's for sure
2011-12-27 17:12:12 [Message] fib_1618 -> Chat: this one week (and that's all it's been) rally is sure taking the bearish spin out of the market
2011-12-27 17:12:39 [Message] fib_1618 -> Chat: and the XLU continues to look great here
2011-12-27 17:13:01 [Message] fib_1618 -> Chat: as another defensive sector is seeing a lot of buyers near term
2011-12-27 17:13:10 [Message] fib_1618 -> Chat: so...
2011-12-27 17:13:30 [Message] fib_1618 -> Chat: knowing that the defensive sectors move in advance of an actual price bottom
2011-12-27 17:13:39 [Message] fib_1618 -> Chat: it could be that the market is trying to turn higher now
2011-12-27 17:13:51 [Message] fib_1618 -> Chat: but we still have a lot of inconsistencies here
2011-12-27 17:14:07 [Message] fib_1618 -> Chat: the NASDAQ is bringing up the rear
2011-12-27 17:14:22 [Message] fib_1618 -> Chat: while the SML and the financial stocks are leading the charge
2011-12-27 17:14:50 [Message] fib_1618 -> Chat: maybe a quick look at the volume McClellan's might help...
2011-12-27 17:15:19 [Message] fib_1618 -> Chat: the CO NYSE volume MCO looks to have snapped back to previous resistance today
2011-12-27 17:15:29 [Message] fib_1618 -> Chat: so both breadth and volume here are in sync
2011-12-27 17:16:00 [Message] fib_1618 -> Chat: same kind of thing with the composite NYSE volume MCO
2011-12-27 17:16:55 [Message] fib_1618 -> Chat: the NASDAQ volume MCO, and its components, don't look very good here
2011-12-27 17:17:18 [Message] fib_1618 -> Chat: nothing at all suggesting a turnaround...more like corrective activity
2011-12-27 17:17:31 [Message] fib_1618 -> Chat: wow...same with the NDX
2011-12-27 17:17:58 [Message] fib_1618 -> Chat: look at the weakness of the components here with the early December highs, no less, the November ones
2011-12-27 17:18:40 [Message] fib_1618 -> Chat: the SPX volume MCO and MCSUM are a wee bit weaker than their breadth counterparts
2011-12-27 17:18:56 [Message] fib_1618 -> Chat: probably due to the holidays if anything else
2011-12-27 17:19:53 [Message] fib_1618 -> Chat: the OEX volume MCO components continue to suggest this to be part of a correction
2011-12-27 17:20:28 [Message] fib_1618 -> Chat: could turn into something better with the double bottom pattern on the zero line for the OEX volume MCSUM
2011-12-27 17:20:35 [Message] fib_1618 -> Chat: so we'll have to watch that near term
2011-12-27 17:21:00 [Message] fib_1618 -> Chat: boy...tomorrow is shaping up as another important juncture in setting up for the new year
2011-12-27 17:21:25 [Message] fib_1618 -> Chat: the Dow volume data, though, looks bullish
2011-12-27 17:21:40 [Message] fib_1618 -> Chat: higher highs in the volume MCO and its components
2011-12-27 17:21:57 [Message] fib_1618 -> Chat: and the Dow volume MCSUM has now moved above its early December highs
2011-12-27 17:22:04 [Message] fib_1618 -> Chat: nothing bearish there
2011-12-27 17:22:51 [Message] fib_1618 -> Chat: best of all...this internal data confirmed yesterday the price close above the late October blow off highs
2011-12-27 17:23:08 [Message] fib_1618 -> Chat: then we get to the MID
2011-12-27 17:23:19 [Message] fib_1618 -> Chat: and here the bulls have a ton of work to do
2011-12-27 17:23:39 [Message] fib_1618 -> Chat: and a small point change on the MID volume MCO
2011-12-27 17:24:02 [Message] fib_1618 -> Chat: then we get to the SML volume MCSUM
2011-12-27 17:24:11 [Message] fib_1618 -> Chat: and we see that its moved above its early December highs
2011-12-27 17:24:30 [Message] fib_1618 -> Chat: but it still has the zero line to jump across
2011-12-27 17:24:48 [Message] fib_1618 -> Chat: talk about a confusing statistics
2011-12-27 17:25:15 [Message] fib_1618 -> Chat: and a small point change on the TM volume MCO
2011-12-27 17:25:39 [Message] fib_1618 -> Chat: with the components not really confirming the current readings on the MCO
2011-12-27 17:25:43 [Message] fib_1618 -> Chat: so....
2011-12-27 17:25:48 [Message] fib_1618 -> Chat: now that we're more confused than ever
2011-12-27 17:25:56 [Message] fib_1618 -> Chat: let's move to the volume oscillators
2011-12-27 17:26:15 [Message] fib_1618 -> Chat: OK...
2011-12-27 17:26:19 [Message] fib_1618 -> Chat: here we have some clarity
2011-12-27 17:26:24 [Message] fib_1618 -> Chat: the STVO's are all "overbought"
2011-12-27 17:26:39 [Message] fib_1618 -> Chat: so it now becomes difficult for the bulls to move higher from here
2011-12-27 17:26:57 [Message] fib_1618 -> Chat: CVI's are also still pretty frothy
2011-12-27 17:27:00 [Message] fib_1618 -> Chat: maybe...
2011-12-27 17:27:08 [Message] fib_1618 -> Chat: end of year buying?
2011-12-27 17:27:11 [Message] fib_1618 -> Chat: if that's the case
2011-12-27 17:27:16 [Message] fib_1618 -> Chat: it should have ended today
2011-12-27 17:27:27 [Message] fib_1618 -> Chat: given the 3 days it takes to clear
2011-12-27 17:28:08 [Message] fib_1618 -> Chat: VTO's are dragging here...nothing showing any kind of excitement in either direction
2011-12-27 17:28:23 [Message] fib_1618 -> Chat: NYSE TRIN at 1.40
2011-12-27 17:28:33 [Message] fib_1618 -> Chat: Open 10 at .98
2011-12-27 17:28:49 [Message] fib_1618 -> Chat: NASDAQ TRIN at .72
2011-12-27 17:28:59 [Message] fib_1618 -> Chat: Open 10 at 1.05
2011-12-27 17:29:05 [Message] fib_1618 -> Chat: still "oversold"
2011-12-27 17:29:17 [Message] fib_1618 -> Chat: TM TRIN at .91
2011-12-27 17:29:27 [Message] fib_1618 -> Chat: Open 10 at 1.06
2011-12-27 17:29:40 [Message] fib_1618 -> Chat: I say we chop with a bearish bias
2011-12-27 17:29:49 [Message] fib_1618 -> Chat: that's probably the best read
2011-12-27 17:30:05 [Message] fib_1618 -> Chat: there's nothing here saying that the bears have any current control to move prices
2011-12-27 17:30:08 [Message] fib_1618 -> Chat: while at the same time
2011-12-27 17:30:19 [Message] fib_1618 -> Chat: the bulls look like they have overspent their welcome
2011-12-27 17:30:46 [Message] fib_1618 -> Chat: we're going to need more conviction from one side or the other
2011-12-27 17:30:54 [Message] fib_1618 -> Chat: the problem though for the bears is if they just decide to hibernate for the rest of the week
2011-12-27 17:31:13 [Message] fib_1618 -> Chat: and do nothing against whatever buyers might be out there
2011-12-27 17:31:44 [Message] fib_1618 -> Chat: that might be enough for the bulls to really take charge of the action for at least the first 2 weeks of January
2011-12-27 17:32:36 [Message] fib_1618 -> Chat: so better to be neutral here...and see if the bulls can deliver on their breaking above previous resistance zones
2011-12-27 17:32:51 [Message] fib_1618 -> Chat: there is certainly no rush here to take a side
2011-12-27 17:33:08 [Message] fib_1618 -> Chat: might turn out to be a flat week overall
2011-12-27 17:33:20 [Message] fib_1618 -> Chat: any thoughts?
2011-12-27 17:33:43 [Message] fib_1618 -> Chat: anybody seeing any kind of leadership here?
2011-12-27 17:34:52 [Message] thespookyone -> Chat: hate all the inconsistency
2011-12-27 17:35:12 [Message] fib_1618 -> Chat: take a vacation!
2011-12-27 17:35:22 [Message] thespookyone -> Chat: have been, LOL
2011-12-27 17:35:47 [Message] fib_1618 -> Chat: it's just frustrating...
2011-12-27 17:35:57 [Message] thespookyone -> Chat: don't care for the non confirming 5's and tens, either, they've been telling
2011-12-27 17:35:58 [Message] fib_1618 -> Chat: I wish the market was giving us better information here to work with
2011-12-27 17:36:07 [Message] fib_1618 -> Chat: when this happens
2011-12-27 17:36:27 [Message] fib_1618 -> Chat: it means that the near term direction of money has moved too far too fast
2011-12-27 17:36:43 [Message] fib_1618 -> Chat: and when that happens, we usually see a retracement...a reset
2011-12-27 17:37:50 [Message] fib_1618 -> Chat: OK...well...if there isn't any questions or comments
2011-12-27 17:37:58 [Message] thespookyone -> Chat: thx much
2011-12-27 17:38:08 [Message] fib_1618 -> Chat: I guess we'll call it a night
2011-12-27 17:38:25 [Message] fib_1618 -> Chat: and hope we get some follow through action way or the other
2011-12-27 17:38:32 [Message] fib_1618 -> Chat: everyone have a great couple of days
2011-12-27 17:38:41 [Message] fib_1618 -> Chat: and we'll hook up for the last time in 2011 on Thursday
2011-12-27 17:38:43 [Message] fib_1618 -> Chat: good night

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