All donations go towards web site maintenance for all of Technical Watch,
keep it free of charge, and may be tax deductable as an investment expense.

PayPal Verified
Join our market chat sessions every Tuesday and Thursday at 4:00 pm Pacific time!
More information on subscriber services can be found at

Sign up Calendar Latest Topics

Note: This topic is locked. No new replies will be accepted.

  Author   Comment  

Posts: 4,888
Reply with quote  #1 
2013-12-30 16:00:10 [Message] fib_1618 -> Chat: good day
2013-12-30 16:00:14 [Message] fib_1618 -> Chat: how is everyone?
2013-12-30 16:02:31 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2013-12-30 16:06:40 [Message] fib_1618 -> Chat: OK...let's get DP up and get going
2013-12-30 16:07:25 [Message] fib_1618 -> Chat: after rocketing higher after the FED announcement a little over a week ago
2013-12-30 16:07:43 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO pulled back a bit more today from last Thursday's highs
2013-12-30 16:07:59 [Message] fib_1618 -> Chat: and has settled right at the +50 level
2013-12-30 16:08:24 [Message] fib_1618 -> Chat: looking at the NYSE CO breadth MCSUM
2013-12-30 16:08:47 [Message] fib_1618 -> Chat: and we see that it broke above its declining tops line from the October highs on Friday
2013-12-30 16:09:29 [Message] fib_1618 -> Chat: and it's now challenging the highs seen when the pattern moved into an apex back at the beginning of the month
2013-12-30 16:09:43 [Message] fib_1618 -> Chat: this will be an important challenge for the bulls
2013-12-30 16:09:55 [Message] fib_1618 -> Chat: for if the buyers are able to move above this apex area on the chart
2013-12-30 16:10:25 [Message] fib_1618 -> Chat: this would then allow the pattern to move dramatically higher to challenge its July peak in the larger pattern
2013-12-30 16:10:35 [Message] fib_1618 -> Chat: needless to say
2013-12-30 16:10:51 [Message] fib_1618 -> Chat: the MCO components are on a crossover buy signal at this time
2013-12-30 16:11:14 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2013-12-30 16:11:28 [Message] fib_1618 -> Chat: and here we're showing a bit more weakness than the common stock data
2013-12-30 16:11:40 [Message] fib_1618 -> Chat: with a current reading today of +35
2013-12-30 16:12:04 [Message] fib_1618 -> Chat: looking at the NYSE Composite breadth MCSUM
2013-12-30 16:12:28 [Message] fib_1618 -> Chat: and we see that it actually broke out above its declining tops line with Thursday's high point in the MCO
2013-12-30 16:12:35 [Message] fib_1618 -> Chat: so the break out here is a solid one
2013-12-30 16:12:45 [Message] fib_1618 -> Chat: and it should lead to a very good month of January
2013-12-30 16:12:58 [Message] fib_1618 -> Chat: near term though
2013-12-30 16:13:12 [Message] fib_1618 -> Chat: we are just slightly above the +250 level on the NYSE breadth MCSUM
2013-12-30 16:13:28 [Message] fib_1618 -> Chat: so we might see a bit of hesitation when the market's open up on Thursday
2013-12-30 16:13:47 [Message] fib_1618 -> Chat: before having a better opportunity to see further gains in the MCSUM after that
2013-12-30 16:14:08 [Message] fib_1618 -> Chat: longer term
2013-12-30 16:14:28 [Message] fib_1618 -> Chat: the declining tops line from the May highs seems to intersect at around the +400 level
2013-12-30 16:15:03 [Message] fib_1618 -> Chat: so the overall expectation will probably turn out to be that we'll continue to have firmness in money flow through the end of the week
2013-12-30 16:15:31 [Message] fib_1618 -> Chat: and by then we should be ready to challenge this longer term line of resistance early next week when everyone is back to work
2013-12-30 16:16:22 [Message] fib_1618 -> Chat: the short term declining tops line was also taken out this past Thursday as well on the NASDAQ breadth MCSUM
2013-12-30 16:16:41 [Message] fib_1618 -> Chat: and today has now taken out the last reaction horizontal high in the pattern
2013-12-30 16:17:02 [Message] fib_1618 -> Chat: given the structure of the last week in the NASDAQ breadth MCO
2013-12-30 16:17:38 [Message] fib_1618 -> Chat: our next probable objective is challenging the highs of late October in the NASDAQ MCSUM
2013-12-30 16:18:09 [Message] fib_1618 -> Chat: meanwhile
2013-12-30 16:18:22 [Message] fib_1618 -> Chat: the NDX breadth MCO continues to show solid strength near term
2013-12-30 16:18:32 [Message] fib_1618 -> Chat: by breaking above the +50 level late last week
2013-12-30 16:19:04 [Message] fib_1618 -> Chat: bouncing off this same level today and settling with a +60 reading
2013-12-30 16:19:52 [Message] fib_1618 -> Chat: today's strength was also timed well in order for the NDX breadth MCSUM to break above 3 declining tops going back to September
2013-12-30 16:20:53 [Message] fib_1618 -> Chat: with the next challenge coming in around the +700 level where we also have a longer term trend of 3 declining tops going back to the May highs still above us
2013-12-30 16:21:01 [Message] fib_1618 -> Chat: if we can then break above that level
2013-12-30 16:21:22 [Message] fib_1618 -> Chat: then we would be in the clear for the NDX to possibly challenge its all time highs
2013-12-30 16:21:27 [Message] fib_1618 -> Chat: which are...let me check
2013-12-30 16:22:16 [Message] fib_1618 -> Chat: well...
2013-12-30 16:22:21 [Message] fib_1618 -> Chat: not the all time highs as yet
2013-12-30 16:22:40 [Message] fib_1618 -> Chat: but a good challenge of the highs of 4100 that were last seen in 2000
2013-12-30 16:22:48 [Message] fib_1618 -> Chat: let me check one more thing
2013-12-30 16:22:53 [Message] thespookyone -> Chat: wow
2013-12-30 16:23:22 [Message] fib_1618 -> Chat: that objective would be comparable to the highs seen in the NASDAQ at 4275
2013-12-30 16:23:38 [Message] fib_1618 -> Chat: of which we are only some 125 points away now
2013-12-30 16:23:45 [Message] fib_1618 -> Chat: so, in theory
2013-12-30 16:24:09 [Message] fib_1618 -> Chat: if the broader market of the NASDAQ can actually move above the SOB highs of 2000
2013-12-30 16:24:19 [Message] fib_1618 -> Chat: not only would that clear the way for the NDX to do likewise
2013-12-30 16:25:13 [Message] fib_1618 -> Chat: but there should be enough momentum overall for the Composite to actually reach its all time highs of 5049 a lot sooner than anyone might give credit for
2013-12-30 16:25:31 [Message] fib_1618 -> Chat: if everyone would take a moment
2013-12-30 16:25:49 [Message] fib_1618 -> Chat: and bring up a longer term daily chart of the NASDAQ going back to 1994
2013-12-30 16:26:02 [Message] fib_1618 -> Chat: and you will see the parabolic dynamic that's going on right now
2013-12-30 16:26:56 [Message] fib_1618 -> Chat: with the two peaks seen in 2012 echoing what we saw back 1998 before the big run up into the 2000 highs
2013-12-30 16:27:28 [Message] fib_1618 -> Chat: but there's also a difference in the structures that needs to be noted
2013-12-30 16:27:59 [Message] fib_1618 -> Chat: where the late 90's period was choppy moving into the final blow off
2013-12-30 16:28:24 [Message] fib_1618 -> Chat: you will notice with the current advance that it's highly textured in its structure
2013-12-30 16:28:47 [Message] fib_1618 -> Chat: and this would suggest that the current run is on a much more stable ground
2013-12-30 16:29:30 [Message] fib_1618 -> Chat: meaning that underlying strength is currently better able to keep this trend on track for a longer period of time than what we saw 15 years ago
2013-12-30 16:29:54 [Message] fib_1618 -> Chat: so...if the parabolic move back then took a little over 18 months
2013-12-30 16:30:03 [Message] fib_1618 -> Chat: this current advance should be longer than that
2013-12-30 16:30:45 [Message] fib_1618 -> Chat: boy...this whole longer term pattern on the NASDAQ looks like a monster
2013-12-30 16:31:11 [Message] fib_1618 -> Chat: with the seemingly double bottom structure
2013-12-30 16:31:23 [Message] fib_1618 -> Chat: let me see what that would give us as a price objective
2013-12-30 16:31:59 [Message] fib_1618 -> Chat: about 3500 points
2013-12-30 16:32:07 [Message] fib_1618 -> Chat: add that to the breakout and we get
2013-12-30 16:32:21 [Message] fib_1618 -> Chat: you sitting Lew?
2013-12-30 16:32:30 [Message] thespookyone -> Chat: yep
2013-12-30 16:32:37 [Message] fib_1618 -> Chat: again this is all a rough estimate
2013-12-30 16:32:39 [Message] fib_1618 -> Chat: 6359
2013-12-30 16:32:47 [Message] thespookyone -> Chat: whoa!
2013-12-30 16:33:12 [Message] fib_1618 -> Chat: and that's only 2192 points away from today's close
2013-12-30 16:33:14 [Message] thespookyone -> Chat: the shoe salesman will be unlivable, LOL
2013-12-30 16:34:00 [Message] fib_1618 -> Chat: while keeping in mind that it took us only 24 months to climb 1917 points to our current level
2013-12-30 16:34:06 [Message] fib_1618 -> Chat: [smile]
2013-12-30 16:34:13 [Message] fib_1618 -> Chat: by then...
2013-12-30 16:34:26 [Message] fib_1618 -> Chat: those who have been bearish will finally have to throw in the towel
2013-12-30 16:34:32 [Message] fib_1618 -> Chat: and they will become...
2013-12-30 16:34:36 [Message] fib_1618 -> Chat: "bulls on high"
2013-12-30 16:35:14 [Message] fib_1618 -> Chat: there are two things about parabolic structures
2013-12-30 16:35:40 [Message] fib_1618 -> Chat: the first is that everyone will be afraid to participate in them for they will think that once they join the crowd it will then end
2013-12-30 16:36:05 [Message] fib_1618 -> Chat: the second thing about them is that once they do join the crowd, it WILL end
2013-12-30 16:36:18 [Message] fib_1618 -> Chat: now...
2013-12-30 16:36:26 [Message] fib_1618 -> Chat: one of the things that I'm noticing here
2013-12-30 16:37:11 [Message] fib_1618 -> Chat: is that many of the fundamental bears are starting to leave fundamental ideas behind
2013-12-30 16:37:22 [Message] fib_1618 -> Chat: and starting to paying more attention to the technical condition of the market
2013-12-30 16:37:26 [Message] fib_1618 -> Chat: problem is
2013-12-30 16:37:40 [Message] fib_1618 -> Chat: they really haven't left behind their fundamental ideas
2013-12-30 16:37:54 [Message] fib_1618 -> Chat: they just want to assure themselves that they won't be openly caught in doing so
2013-12-30 16:40:14 [Message] fib_1618 -> Chat: anyway
2013-12-30 16:40:32 [Message] fib_1618 -> Chat: if we can get a break above all of these declining tops lines in the MCSUM's
2013-12-30 16:40:43 [Message] fib_1618 -> Chat: we might as well sit back and watch the show
2013-12-30 16:41:37 [Message] fib_1618 -> Chat: with the NDX we don't have a true double bottom working there
2013-12-30 16:41:40 [Message] fib_1618 -> Chat: but if we did...
2013-12-30 16:42:00 [Message] fib_1618 -> Chat: 3500 points
2013-12-30 16:42:20 [Message] fib_1618 -> Chat: or a target of 5739
2013-12-30 16:42:38 [Message] fib_1618 -> Chat: OK...time to get back to reality [smile]
2013-12-30 16:43:13 [Message] fib_1618 -> Chat: after moving to its highest levels since last September
2013-12-30 16:43:22 [Message] fib_1618 -> Chat: we had a small point change today in the SPX breadth MCO
2013-12-30 16:43:40 [Message] fib_1618 -> Chat: oh...and that discussion on whether this might be an irregular flat from 2 weeks ago
2013-12-30 16:43:58 [Message] fib_1618 -> Chat: that idea was torn up and thrown away with last Monday's break to new highs
2013-12-30 16:44:07 [Message] fib_1618 -> Chat: in other words
2013-12-30 16:44:12 [Message] fib_1618 -> Chat: we're back to trending higher here
2013-12-30 16:44:28 [Message] fib_1618 -> Chat: gosh...look at the BETS in the last 2 weeks alone
2013-12-30 16:44:43 [Message] fib_1618 -> Chat: back on the 13th it was at a -5
2013-12-30 16:44:52 [Message] fib_1618 -> Chat: and in 2 weeks it's back to a +50
2013-12-30 16:45:17 [Message] fib_1618 -> Chat: while we're on the subject...let me check to see what the number is today
2013-12-30 16:46:57 [Message] fib_1618 -> Chat: +60
2013-12-30 16:47:11 [Message] fib_1618 -> Chat: we need a +65 for an all out buy signal
2013-12-30 16:47:59 [Message] fib_1618 -> Chat: with several of the cumulative charts close to moving out of bearish configurations, this weeks number will be most interesting
2013-12-30 16:49:10 [Message] fib_1618 -> Chat: the SPX breadth MCSUM is getting close now to challenging two longer term declining tops lines which intersect the pattern anywhere from +600 to +700
2013-12-30 16:49:48 [Message] fib_1618 -> Chat: the other item of note here is that the SPX breadth MCSUM moved back above the +500 level today
2013-12-30 16:50:28 [Message] fib_1618 -> Chat: so any attempt by the sellers to attempt to push prices lower near term will tend to be short and shallow
2013-12-30 16:51:09 [Message] fib_1618 -> Chat: the OEX breadth MCO and MCSUM are showing similar structures here with the SPX
2013-12-30 16:51:34 [Message] fib_1618 -> Chat: showing that the large cap stocks are now starting to wake up after being the weakest link during the first half of this month
2013-12-30 16:52:18 [Message] fib_1618 -> Chat: the Dow breadth MCO also moved to new multi month highs this past week
2013-12-30 16:53:08 [Message] fib_1618 -> Chat: and now the Dow breadth MCSUM is less than 150 data points from breaking above the longer term declining tops line going back to the May highs
2013-12-30 16:53:43 [Message] fib_1618 -> Chat: small point change as well on the MID breadth MCO
2013-12-30 16:54:13 [Message] fib_1618 -> Chat: and the MID breadth MCSUM has now broken above the declining tops line from the July highs
2013-12-30 16:54:27 [Message] fib_1618 -> Chat: fact
2013-12-30 16:54:45 [Message] fib_1618 -> Chat: is now right at the longer term resistance line going back to the May period
2013-12-30 16:55:02 [Message] fib_1618 -> Chat: so although we might have a half day on Tuesday
2013-12-30 16:55:10 [Message] fib_1618 -> Chat: it could be a key one for the longer term
2013-12-30 16:55:37 [Message] fib_1618 -> Chat: if we break above this longer term resistance...we'll say by the end of this week
2013-12-30 16:56:14 [Message] fib_1618 -> Chat: interestingly enough
2013-12-30 16:56:38 [Message] fib_1618 -> Chat: the SML breadth MCSUM is now up against its longer term declining tops line going back to the July highs
2013-12-30 16:57:22 [Message] fib_1618 -> Chat: so it's not that surprising that we saw the separation of the individual postings begin to narrow today as the pattern bumps its head at this resistance area
2013-12-30 16:57:43 [Message] fib_1618 -> Chat: looking at the price pattern itself
2013-12-30 16:57:52 [Message] fib_1618 -> Chat: and it sure looks like a simple triangle
2013-12-30 16:58:21 [Message] fib_1618 -> Chat: with the expectation of an upside breakout coming as soon as tomorrow...but certainly by Thursday
2013-12-30 16:58:52 [Message] thespookyone -> Chat: we have a full day Tuesday
2013-12-30 16:59:07 [Message] fib_1618 -> Chat: and the TM breadth MCO is now challenging its longer term declining tops line from the May highs
2013-12-30 16:59:13 [Message] fib_1618 -> Chat: oh...we do?
2013-12-30 16:59:17 [Message] fib_1618 -> Chat: didn't know that
2013-12-30 16:59:21 [Message] thespookyone -> Chat: yes
2013-12-30 16:59:25 [Message] fib_1618 -> Chat: thought it would be another 1/2 session...thanks
2013-12-30 16:59:31 [Message] fib_1618 -> Chat:'s doable
2013-12-30 16:59:33 [Message] thespookyone -> Chat: no prob
2013-12-30 16:59:40 [Message] thespookyone -> Chat: yes
2013-12-30 17:00:41 [Message] fib_1618 -> Chat: boy..sure glad we won't have another Wednesday holiday again until 2019!
2013-12-30 17:00:52 [Message] fib_1618 -> Chat: my clock is so off right now
2013-12-30 17:01:37 [Message] fib_1618 -> Chat: didn't know what day it was today until a hour ago!
2013-12-30 17:01:38 [Message] fib_1618 -> Chat: [smile]
2013-12-30 17:01:52 [Message] fib_1618 -> Chat: so...
2013-12-30 17:02:20 [Message] thespookyone -> Chat: my traders watch it for me, LOL
2013-12-30 17:02:22 [Message] fib_1618 -> Chat: it would appear that our original idea from the end of November for a mid December bottom turned out to be the right call after all
2013-12-30 17:02:34 [Message] fib_1618 -> Chat: and we're now back to trending to the upside
2013-12-30 17:02:38 [Message] fib_1618 -> Chat: over the next couple of days
2013-12-30 17:02:54 [Message] fib_1618 -> Chat: we should also have more information on the market's probable intentions for this same advance
2013-12-30 17:02:56 [Message] fib_1618 -> Chat: at this point
2013-12-30 17:03:20 [Message] fib_1618 -> Chat: with our breaking above shorter term declining tops lines
2013-12-30 17:03:36 [Message] fib_1618 -> Chat: it would now appear that much of the month of January should be a good one for the bulls
2013-12-30 17:04:25 [Message] fib_1618 -> Chat: and that we could push this out even further in the future if we do break above the multitude of longer term bearish lines of resistance on the MCSUM's as well
2013-12-30 17:04:41 [Message] fib_1618 -> Chat: psst...
2013-12-30 17:04:55 [Message] fib_1618 -> Chat: if anyone wanted to see a 3rd wave in're seeing it right now on a larger time scale
2013-12-30 17:05:26 [Message] fib_1618 -> Chat: moving to the volume McClellan's
2013-12-30 17:05:28 [Message] thespookyone -> Chat: the xlp re-caught a bid, as well
2013-12-30 17:06:16 [Message] fib_1618 -> Chat: and we see that both the NYSE CO and NYSE Composite volume MCO's both moved to highest levels since September last week
2013-12-30 17:06:50 [Message] fib_1618 -> Chat: and that both are now challenging their resistance highs of the last 3 months
2013-12-30 17:07:01 [Message] fib_1618 -> Chat: given that amplitude of the MCO's here
2013-12-30 17:07:22 [Message] fib_1618 -> Chat: it shouldn't be too much of a problem in seeing the NYSE CO and Composite volume MCSUM's move to new highs on their charts
2013-12-30 17:07:44 [Message] fib_1618 -> Chat: and, at this point, volume is leading breadth to the upside on the NYSE
2013-12-30 17:08:00 [Message] fib_1618 -> Chat: and that's exactly what we want to see if we're working with a strong trend
2013-12-30 17:08:24 [Message] fib_1618 -> Chat: moving to the NASDAQ volume MCO
2013-12-30 17:08:50 [Message] fib_1618 -> Chat: and here we see that the amount of upside volume was so overwhelming that we saw new yearly highs last week in the indicator
2013-12-30 17:09:01 [Message] fib_1618 -> Chat: checking the 3 year chart
2013-12-30 17:09:33 [Message] fib_1618 -> Chat: and that was the highest point we've seen since the November 2012 kick off lows
2013-12-30 17:10:06 [Message] fib_1618 -> Chat: and, so far, that's been good for about 1400 NASDAQ points in little over a year
2013-12-30 17:10:34 [Message] fib_1618 -> Chat: but unlike the November 2012 kick off
2013-12-30 17:10:58 [Message] fib_1618 -> Chat: this time we have a more solid technical structure leading into these new highs this time around that we didn't quite have back then
2013-12-30 17:11:20 [Message] fib_1618 -> Chat: this would imply that there's better participation moving into the NASDAQ marketplace right now
2013-12-30 17:11:54 [Message] fib_1618 -> Chat: and if anyone wanted something to fall back on in sharing the upside targets we discussed earlier in today's chat, this would be it
2013-12-30 17:12:29 [Message] fib_1618 -> Chat: I guess those bottoms above bottoms are indeed important
2013-12-30 17:12:36 [Message] fib_1618 -> Chat: just as tops beneath tops are
2013-12-30 17:12:43 [Message] fib_1618 -> Chat: it's all about texture
2013-12-30 17:13:14 [Message] fib_1618 -> Chat: on the other hand
2013-12-30 17:13:25 [Message] fib_1618 -> Chat: the NDX volume MCO didn't get to new highs last week
2013-12-30 17:13:48 [Message] fib_1618 -> Chat: but it did move above the previous highs seen on the chart going back to the September period
2013-12-30 17:14:03 [Message] fib_1618 -> Chat: and that generated a pretty good rally as well
2013-12-30 17:14:51 [Message] fib_1618 -> Chat: breadth and volume seem to be agreeing with each other in the SPX
2013-12-30 17:15:05 [Message] fib_1618 -> Chat: and they move pretty much in lock step with each other right now...a good sign of a trend is now in force
2013-12-30 17:15:58 [Message] fib_1618 -> Chat: breadth is leading volume to the upside in the OEX
2013-12-30 17:16:08 [Message] fib_1618 -> Chat: but it's only a slight lead
2013-12-30 17:16:15 [Message] fib_1618 -> Chat: and like gone over before
2013-12-30 17:16:31 [Message] fib_1618 -> Chat: ideally we would want volume leading breadth to the upside
2013-12-30 17:16:34 [Message] fib_1618 -> Chat: but minimally speaking
2013-12-30 17:16:49 [Message] fib_1618 -> Chat: volume should be moving in the same direction
2013-12-30 17:16:58 [Message] fib_1618 -> Chat: and it least for now
2013-12-30 17:17:40 [Message] fib_1618 -> Chat: good strength coming into the Dow volume MCO as we saw higher highs today
2013-12-30 17:18:07 [Message] fib_1618 -> Chat: small point change in the MID volume MCO
2013-12-30 17:18:30 [Message] fib_1618 -> Chat: and here we see that we broke above horizontal resistance today in the MID volume MCSUM
2013-12-30 17:18:51 [Message] fib_1618 -> Chat: and also the longer term declining tops line last Thursday
2013-12-30 17:18:58 [Message] fib_1618 -> Chat: so the MID caps are a buy here
2013-12-30 17:19:34 [Message] fib_1618 -> Chat: the SML volume MCO moved to 5 month highs last week
2013-12-30 17:20:40 [Message] fib_1618 -> Chat: but it's not likely that we're going to be able to move to higher highs in the SML breadth MCSUM unless we see additional strength come in here in the SML breadth MCO so that we can take out the highs from last week
2013-12-30 17:21:05 [Message] fib_1618 -> Chat: not going to be an easy chore...but it can be done
2013-12-30 17:21:32 [Message] fib_1618 -> Chat: but the TM volume MCO did move to new 52 week highs last week
2013-12-30 17:21:40 [Message] fib_1618 -> Chat: and checking the 3 year chart
2013-12-30 17:22:10 [Message] fib_1618 -> Chat: also moved to its highest levels since the November 2012 kick off bottom
2013-12-30 17:22:16 [Message] fib_1618 -> Chat: so...
2013-12-30 17:22:21 [Message] fib_1618 -> Chat: with good breadth...
2013-12-30 17:22:24 [Message] fib_1618 -> Chat: and great volume
2013-12-30 17:23:14 [Message] fib_1618 -> Chat: it would seem that the FED's statement finally gave the green light for all that money sitting on the sidelines to finally commit itself to stocks
2013-12-30 17:23:42 [Message] fib_1618 -> Chat: so let's see how far we're likely to run...
2013-12-30 17:24:09 [Message] fib_1618 -> Chat: STVO's are now highly "overbought"
2013-12-30 17:24:16 [Message] fib_1618 -> Chat: VTO's are trending higher
2013-12-30 17:24:27 [Message] fib_1618 -> Chat: CVI's remain "excited" as the patterns are congested within a small range above the zero line
2013-12-30 17:25:07 [Message] fib_1618 -> Chat: and where you can actually see the constant flow of money has on this indicator
2013-12-30 17:25:20 [Message] fib_1618 -> Chat: NYSE TRIN at 1.05
2013-12-30 17:25:32 [Message] fib_1618 -> Chat: Open 10 now "overbought" at .79
2013-12-30 17:25:56 [Message] fib_1618 -> Chat: not too surprised given the velocity in which money has been moving in over the last week
2013-12-30 17:26:29 [Message] fib_1618 -> Chat: could be good for a simple snapback to the old highs..?
2013-12-30 17:26:37 [Message] fib_1618 -> Chat: we'll see
2013-12-30 17:26:49 [Message] fib_1618 -> Chat: NASDAQ TRIN At 1.00
2013-12-30 17:27:05 [Message] fib_1618 -> Chat: Open 10 also "overbought" at .74
2013-12-30 17:27:17 [Message] fib_1618 -> Chat: TM TRIN at 1.02
2013-12-30 17:27:28 [Message] fib_1618 -> Chat: Open 10 at .77
2013-12-30 17:27:31 [Message] fib_1618 -> Chat: "overbought"
2013-12-30 17:27:38 [Message] fib_1618 -> Chat: so...
2013-12-30 17:27:43 [Message] fib_1618 -> Chat: for the first time in a long while
2013-12-30 17:27:58 [Message] fib_1618 -> Chat: the Open 10's are all "overbought"
2013-12-30 17:28:11 [Message] fib_1618 -> Chat: let me see when the last time this happened
2013-12-30 17:28:57 [Message] fib_1618 -> Chat: September
2013-12-30 17:29:27 [Message] fib_1618 -> Chat: and that was good for a 3 week pullback
2013-12-30 17:29:39 [Message] fib_1618 -> Chat: and a plunge in the Open 10
2013-12-30 17:30:12 [Message] fib_1618 -> Chat: with the holiday...who really knows how this will play out this time around
2013-12-30 17:30:22 [Message] fib_1618 -> Chat: hopefully on Thursday we'll have that answer
2013-12-30 17:30:25 [Message] fib_1618 -> Chat: anything else?
2013-12-30 17:30:42 [Message] fib_1618 -> Chat: btw...
2013-12-30 17:30:51 [Message] fib_1618 -> Chat: the schedule for January is now up
2013-12-30 17:32:19 [Message] fib_1618 -> Chat: OK...well...
2013-12-30 17:32:24 [Message] fib_1618 -> Chat: if there's nothing else...
2013-12-30 17:32:35 [Message] fib_1618 -> Chat: I guess we'll close our last session of 2013
2013-12-30 17:32:46 [Message] fib_1618 -> Chat: wishing everyone a healthy new year
2013-12-30 17:33:33 [Message] thespookyone -> Chat: thx
2013-12-30 17:33:46 [Message] fib_1618 -> Chat: and we'll see if we can improve on this years performance in 2014
2013-12-30 17:33:48 [Message] fib_1618 -> Chat: not likely
2013-12-30 17:34:01 [Message] fib_1618 -> Chat: but I'm not underestimating anything at this point
2013-12-30 17:34:03 [Message] fib_1618 -> Chat: be safe
2013-12-30 17:34:07 [Message] fib_1618 -> Chat: good night

Dave's LinkedIn Profile

Technical Watch Twitter Page

Technical Watch Facebook Page

"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

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“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

Previous Topic | Next Topic

Quick Navigation:

Easily create a Forum Website with Website Toolbox.

Copyright 2000-2019 Technical Watch