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fib_1618

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Reply with quote  #1 
2013-12-03 16:00:13 [Message] fib_1618 -> Chat: good day
2013-12-03 16:00:15 [Message] fib_1618 -> Chat: how is everyone?
2013-12-03 16:00:37 [Message] thespookyone -> Chat: Fine, thx
2013-12-03 16:01:02 [Message] fib_1618 -> Chat: I still feel like it's the weekend
2013-12-03 16:01:15 [Message] fib_1618 -> Chat: I've lost all track of time (and space)
2013-12-03 16:01:24 [Message] thespookyone -> Chat: I thought it was Monday in my room, LOL
2013-12-03 16:01:42 [Message] fib_1618 -> Chat:  I thought last Thursday was Sunday
2013-12-03 16:01:47 [Message] fib_1618 -> Chat: Friday was Saturday
2013-12-03 16:01:51 [Message] fib_1618 -> Chat: I'm all messed up
2013-12-03 16:02:31 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2013-12-03 16:03:05 [Message] thespookyone -> Chat: I had 3 longs into today, and cashed all 3 with nice profits-the stocks exploded. The A/D line-some still go up...
2013-12-03 16:03:47 [Message] fib_1618 -> Chat: yup
2013-12-03 16:03:50 [Message] fib_1618 -> Chat: actually
2013-12-03 16:04:11 [Message] fib_1618 -> Chat: there is a nice technical cushion where individual issues can continue to rise
2013-12-03 16:04:28 [Message] thespookyone -> Chat: agreed
2013-12-03 16:04:30 [Message] fib_1618 -> Chat: the larger the spread between the short term and intermediate term EMA's
2013-12-03 16:04:41 [Message] fib_1618 -> Chat: the larger the overall push
2013-12-03 16:04:47 [Message] fib_1618 -> Chat: not too surprising
2013-12-03 16:04:53 [Message] fib_1618 -> Chat: we got a pullback
2013-12-03 16:04:58 [Message] fib_1618 -> Chat: ISEE went to 82 today
2013-12-03 16:05:08 [Message] fib_1618 -> Chat: and I'm sure the bears came out to play as well
2013-12-03 16:05:09 [Message] thespookyone -> Chat: whoa
2013-12-03 16:05:47 [Message] fib_1618 -> Chat: OK...let's get DP up and we'll get cracking
2013-12-03 16:06:24 [Message] fib_1618 -> Chat: after failing to show any upside follow through last Friday
2013-12-03 16:06:38 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO has moved back below its zero line
2013-12-03 16:06:48 [Message] fib_1618 -> Chat: and violated its near term rising bottoms line in the process
2013-12-03 16:06:49 [Message] fib_1618 -> Chat: however
2013-12-03 16:07:05 [Message] fib_1618 -> Chat: it remains above the reaction lows of two weeks ago
2013-12-03 16:07:36 [Message] fib_1618 -> Chat: this break of the rising bottoms line has allowed the NYSE CO breadth MCSUM to break to the downside
2013-12-03 16:08:20 [Message] fib_1618 -> Chat: with the short term objective of challenging the area between the +250 level and the lows of early October
2013-12-03 16:08:29 [Message] fib_1618 -> Chat: looking at the components
2013-12-03 16:08:43 [Message] fib_1618 -> Chat: and we see that the 10% Trend moved below its zero line today
2013-12-03 16:09:22 [Message] fib_1618 -> Chat: but the 5% Trend remains above its zero line providing "corrective behavior" overall
2013-12-03 16:09:53 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2013-12-03 16:10:03 [Message] fib_1618 -> Chat: and here we also failed to move to higher highs last week
2013-12-03 16:10:26 [Message] fib_1618 -> Chat: but we settled today above the short term rising bottoms line, as well as, the previous lows
2013-12-03 16:10:50 [Message] fib_1618 -> Chat: this would suggest that we continue to see better strength with the interest rate sensitive issues
2013-12-03 16:11:36 [Message] fib_1618 -> Chat: as we continue to build a bottoms above bottoms structure in the MCO
2013-12-03 16:11:50 [Message] fib_1618 -> Chat: looking at the close up of the NYSE Composite breadth MCSUM
2013-12-03 16:12:19 [Message] fib_1618 -> Chat: and we see that the last two bounces we've seen here was first a "ledge" and we have now finished a "fishhook" structure
2013-12-03 16:12:54 [Message] fib_1618 -> Chat: this would then indicate that this will likely be the last and final purge in the internals corrective process that's been taking place over the last month
2013-12-03 16:13:15 [Message] fib_1618 -> Chat: and that we're likely to find support at the +250 level
2013-12-03 16:13:45 [Message] fib_1618 -> Chat: after moving to new 4 month highs on Friday
2013-12-03 16:14:02 [Message] fib_1618 -> Chat: the NASDAQ breadth MCO has now snapped back to its zero line
2013-12-03 16:14:11 [Message] fib_1618 -> Chat: and just as it climbed higher
2013-12-03 16:14:29 [Message] fib_1618 -> Chat: the decline of the last two days saw nothing in the way of texture
2013-12-03 16:14:52 [Message] fib_1618 -> Chat: this would indicate that both sides are attempting to take control from our compression point of the last two weeks
2013-12-03 16:15:08 [Message] fib_1618 -> Chat: and that we're basically back to where we started again
2013-12-03 16:15:26 [Message] fib_1618 -> Chat: looking at the components
2013-12-03 16:15:43 [Message] fib_1618 -> Chat: and we see that the 10% has now snapped back to the 5% Trend
2013-12-03 16:15:53 [Message] fib_1618 -> Chat: so between this and the zero line test in the MCO itself
2013-12-03 16:16:07 [Message] fib_1618 -> Chat: we should see a technical bounce technical higher on Wednesday
2013-12-03 16:16:46 [Message] fib_1618 -> Chat: and we'll see how things look when we get back to the +25 level in the MCO
2013-12-03 16:16:54 [Message] fib_1618 -> Chat: looking at the calendar
2013-12-03 16:17:03 [Message] fib_1618 -> Chat: and we see that we have the jobs data this coming Friday...ADP tomorrow
2013-12-03 16:17:16 [Message] fib_1618 -> Chat: so we're in the process of setting up for this it would seem
2013-12-03 16:17:55 [Message] fib_1618 -> Chat: the NDX breadth MCO settled today on its short term rising bottoms line
2013-12-03 16:18:02 [Message] fib_1618 -> Chat: and looking at the NDX breadth MCSUM
2013-12-03 16:18:17 [Message] fib_1618 -> Chat: and we see that it continues to be confined within a large symmetrical triangle configuration
2013-12-03 16:18:52 [Message] fib_1618 -> Chat: with any downside break below the +600 level suggesting that the bears will be in control for the rest of December
2013-12-03 16:19:13 [Message] fib_1618 -> Chat: while any upside break above the +800 level giving the nod to the bulls
2013-12-03 16:19:47 [Message] fib_1618 -> Chat: looking at the NDX price chart
2013-12-03 16:19:59 [Message] fib_1618 -> Chat: and we see that we closed the upside pattern gap from last Friday today
2013-12-03 16:20:22 [Message] fib_1618 -> Chat: and the price bar closed just below Monday's close
2013-12-03 16:20:41 [Message] fib_1618 -> Chat: it would had been better for the buyers to close above yesterday's close
2013-12-03 16:20:58 [Message] fib_1618 -> Chat: so there's not a lot of clarity of what is likely to happen near term
2013-12-03 16:21:23 [Message] fib_1618 -> Chat: moving to the SPX breadth MCO
2013-12-03 16:21:31 [Message] fib_1618 -> Chat: and there we had a definitive break of support today
2013-12-03 16:21:55 [Message] fib_1618 -> Chat: and this has created a large downside gap in the SPX breadth MCSUM
2013-12-03 16:22:12 [Message] fib_1618 -> Chat: given their track record over the last year or so
2013-12-03 16:22:57 [Message] fib_1618 -> Chat: we'll have to see if the sellers are able to break below the lows of early November first before we can say that we had any technical damage that was created by today's break
2013-12-03 16:23:13 [Message] fib_1618 -> Chat: so we'll see if they have any backbone this time around
2013-12-03 16:23:30 [Message] fib_1618 -> Chat: the 10% Trend has reached its zero line
2013-12-03 16:23:39 [Message] fib_1618 -> Chat: so a bounce here would be the near term expectation
2013-12-03 16:24:00 [Message] fib_1618 -> Chat: and this would give the SPX breadth MCO an opportunity to snapback to today's break of horizontal support
2013-12-03 16:24:27 [Message] fib_1618 -> Chat: notice too that the +750 level was just too much resistance to overcome in the SPX breadth MCSUM
2013-12-03 16:25:00 [Message] fib_1618 -> Chat: an almost identical same story with the OEX breadth MCO and MCSUM
2013-12-03 16:25:44 [Message] fib_1618 -> Chat: with yesterday's down day in the Dow providing the first time that the Dow breadth MCO has been able to move back below its zero line in almost 2 months
2013-12-03 16:25:58 [Message] fib_1618 -> Chat: as the Dow breadth MCSUM found too much resistance to overcome at the +1000 level
2013-12-03 16:26:26 [Message] fib_1618 -> Chat: the Dow components both remain above their zero lines
2013-12-03 16:26:34 [Message] fib_1618 -> Chat: so we have corrective behavior at this time
2013-12-03 16:26:43 [Message] fib_1618 -> Chat: (and long overdue)
2013-12-03 16:27:17 [Message] fib_1618 -> Chat: the MID breadth MCO broke below the previous lows on the chart
2013-12-03 16:27:40 [Message] fib_1618 -> Chat: as well as the short term rising bottoms line from the early November lows
2013-12-03 16:27:51 [Message] fib_1618 -> Chat: but it still remains above this same November low point
2013-12-03 16:28:02 [Message] fib_1618 -> Chat: according to the components
2013-12-03 16:28:08 [Message] fib_1618 -> Chat: this too looks corrective at this time
2013-12-03 16:28:39 [Message] fib_1618 -> Chat: with a top beneath a top in the MID breadth MCSUM now behind us
2013-12-03 16:28:50 [Message] fib_1618 -> Chat: it would appear that we're heading for the +500 level short term
2013-12-03 16:29:30 [Message] fib_1618 -> Chat: the SML breadth MCO remains the strongest of the indices we cover
2013-12-03 16:30:00 [Message] fib_1618 -> Chat: though it perceptively broke below its short term rising bottoms line today
2013-12-03 16:30:22 [Message] fib_1618 -> Chat: as it did settled today with a reading of -10
2013-12-03 16:31:17 [Message] fib_1618 -> Chat: so we'll keep an eye on this basket of stocks as it would seem as they go, so is likely the rest of the market
2013-12-03 16:32:03 [Message] fib_1618 -> Chat: and the TM breadth MCO remains in rising configuration
2013-12-03 16:32:22 [Message] fib_1618 -> Chat: and with both of the components above their zero lines
2013-12-03 16:32:34 [Message] fib_1618 -> Chat: the last two to three days of market action can only be called corrective
2013-12-03 16:32:46 [Message] fib_1618 -> Chat: with no indication of a possible turn in the trend
2013-12-03 16:32:51 [Message] fib_1618 -> Chat: so...
2013-12-03 16:33:13 [Message] fib_1618 -> Chat: the buyers tried their best to keep things going beyond the Thanksgiving holiday period
2013-12-03 16:33:28 [Message] fib_1618 -> Chat: but showed failure to hold the days gains both on Wednesday and Friday
2013-12-03 16:33:51 [Message] fib_1618 -> Chat: and the profit takers decided that was enough of an excuse to bank on their profits
2013-12-03 16:34:02 [Message] fib_1618 -> Chat: the internals continue to look corrective for now
2013-12-03 16:34:18 [Message] fib_1618 -> Chat: and if we can get a bit more negative sentiment here in the next couple of days
2013-12-03 16:34:59 [Message] fib_1618 -> Chat: we will then be able to get enough of the breadth MCSUM's to pullback to more reasonable levels from which new buyers are likely to enter the market
2013-12-03 16:35:48 [Message] fib_1618 -> Chat: moving to the volume McClellan's
2013-12-03 16:36:21 [Message] fib_1618 -> Chat: and we first see that the NYSE CO volume MCO broke below its recent lows
2013-12-03 16:37:22 [Message] fib_1618 -> Chat: and this may be enough of a trigger to where the NYSE CO volume MCSUM will be able to at least challenge, if not break below, its early November lows
2013-12-03 16:37:51 [Message] fib_1618 -> Chat: we also note that the 10% Trend has now touched its zero line today
2013-12-03 16:38:09 [Message] fib_1618 -> Chat: so a technical bounce should be seen here as well as soon as Wednesday
2013-12-03 16:38:31 [Message] fib_1618 -> Chat: as far as prices are concerned
2013-12-03 16:38:52 [Message] fib_1618 -> Chat: we do have enough of a downside thrust now to challenge the 10,000 level on the NYA
2013-12-03 16:39:05 [Message] fib_1618 -> Chat: and we should expect it to do this sooner than later
2013-12-03 16:39:34 [Message] fib_1618 -> Chat: the NYSE Composite volume MCO is in lock step with the CO data
2013-12-03 16:39:55 [Message] fib_1618 -> Chat: this would suggest that prices are able to "impulse" in either direction for now
2013-12-03 16:40:07 [Message] fib_1618 -> Chat: that any shorts are to be "hit and run" affairs near term
2013-12-03 16:40:26 [Message] fib_1618 -> Chat: as the larger trend remains to the upside
2013-12-03 16:40:57 [Message] fib_1618 -> Chat: as we had anticipated last week
2013-12-03 16:41:12 [Message] fib_1618 -> Chat: the NASDAQ volume MCSUM has now snapped back toward what was its previous line of support
2013-12-03 16:41:53 [Message] fib_1618 -> Chat: and we're going to need to see a better push now by the buyers in order to see the current bounce extend beyond this purely technical reflex point
2013-12-03 16:42:36 [Message] fib_1618 -> Chat: the components here remain on a crossover buy
2013-12-03 16:42:42 [Message] fib_1618 -> Chat: and well above their zero lines
2013-12-03 16:43:05 [Message] fib_1618 -> Chat: so this expectation of seeing a better push is likely to occur
2013-12-03 16:43:28 [Message] fib_1618 -> Chat: whether there will be follow through to keep the ball rolling or not is still something that would be debated
2013-12-03 16:44:13 [Message] fib_1618 -> Chat: the NDX volume MCO remains in a rising configuration
2013-12-03 16:44:24 [Message] fib_1618 -> Chat: showing that money is not leaving this basket of stocks as yet
2013-12-03 16:44:44 [Message] fib_1618 -> Chat: and this will allow prices to remain buoyant near term
2013-12-03 16:45:09 [Message] fib_1618 -> Chat: notice that it couldn't get above the +25 level on Friday
2013-12-03 16:45:25 [Message] fib_1618 -> Chat: which was something we needed to see happen to extend the timeline out for the rest of December
2013-12-03 16:45:36 [Message] fib_1618 -> Chat: but we haven't retracted much either
2013-12-03 16:45:49 [Message] fib_1618 -> Chat: one would think then that it's still the bulls to lose
2013-12-03 16:46:04 [Message] fib_1618 -> Chat: that the last two days is more of a pause than anything earth shattering
2013-12-03 16:46:26 [Message] fib_1618 -> Chat: like its breadth cousin
2013-12-03 16:46:42 [Message] fib_1618 -> Chat: the SPX volume MCO also broke below previous support levels today
2013-12-03 16:46:50 [Message] fib_1618 -> Chat: if anything
2013-12-03 16:46:59 [Message] fib_1618 -> Chat: the market remains fully in sync right now
2013-12-03 16:47:17 [Message] fib_1618 -> Chat: and that any corrective process is likely to be that of a "high level consolidation"
2013-12-03 16:47:46 [Message] fib_1618 -> Chat: yeas...looks like a pause to refresh in the SPX
2013-12-03 16:47:59 [Message] fib_1618 -> Chat: we'll keep the 1825 upside target still on the table for now
2013-12-03 16:48:21 [Message] fib_1618 -> Chat: though it might not be as easy to attain as it was a couple of weeks ago
2013-12-03 16:48:41 [Message] fib_1618 -> Chat: the OEX volume MCO is now minimally "oversold"
2013-12-03 16:49:12 [Message] fib_1618 -> Chat: seems that the large caps continue to be take the blunt of any selling
2013-12-03 16:49:30 [Message] fib_1618 -> Chat: but then again
2013-12-03 16:49:51 [Message] fib_1618 -> Chat: they have been above their MCO zero lines now for 90% of the time over the last 2 months
2013-12-03 16:49:59 [Message] fib_1618 -> Chat: so in this respect
2013-12-03 16:50:10 [Message] fib_1618 -> Chat: it looks like this pause is one of rotation than anything else
2013-12-03 16:50:37 [Message] fib_1618 -> Chat: notice how the OEX volume MCSUM found resistance right at the +750 level
2013-12-03 16:51:09 [Message] fib_1618 -> Chat: with the rising bottoms line there coming in at around the +400 level
2013-12-03 16:51:25 [Message] fib_1618 -> Chat: so with our being at +666 (!)
2013-12-03 16:51:53 [Message] fib_1618 -> Chat: we have a bit of room to ease off a bit here and still keep the overall uptrend intact
2013-12-03 16:52:12 [Message] fib_1618 -> Chat: the Dow volume MCO is also minimally "oversold" now
2013-12-03 16:52:31 [Message] fib_1618 -> Chat: so we should see at least a bounce attempt as soon as tomorrow
2013-12-03 16:52:50 [Message] fib_1618 -> Chat: the MID volume MCO remains above its zero line
2013-12-03 16:53:03 [Message] fib_1618 -> Chat: and this is allowing the MID volume MCSUM to continue to climb higher
2013-12-03 16:53:23 [Message] fib_1618 -> Chat: and this provides a good example of how money is evidently rotating out of large caps and into mid caps
2013-12-03 16:53:49 [Message] fib_1618 -> Chat: the buyers though do have to show some muscle here near term
2013-12-03 16:53:59 [Message] fib_1618 -> Chat: or the +600 level might provide too much resistance to overcome
2013-12-03 16:54:16 [Message] fib_1618 -> Chat: bullish crossover on the components remains intact
2013-12-03 16:54:23 [Message] fib_1618 -> Chat: so nothing bearish there
2013-12-03 16:54:50 [Message] fib_1618 -> Chat: a bit of resistance at the +750 level for the SML volume MCSUM
2013-12-03 16:55:24 [Message] fib_1618 -> Chat: while the SML volume MCO's rising bottoms line remains intact
2013-12-03 16:55:41 [Message] fib_1618 -> Chat: as is with the TM volume MCO
2013-12-03 16:56:07 [Message] fib_1618 -> Chat: though the bulls would love to see better gap expansion to the upside in the TM volume MCSUM to feel a bit more comfortable
2013-12-03 16:56:09 [Message] fib_1618 -> Chat: so...
2013-12-03 16:56:17 [Message] fib_1618 -> Chat: between breadth and volume
2013-12-03 16:56:25 [Message] fib_1618 -> Chat: everything looks to be in sync right now within each index
2013-12-03 16:56:42 [Message] fib_1618 -> Chat: that money continues to shy away from the large caps
2013-12-03 16:56:52 [Message] fib_1618 -> Chat: but continues to support the mid and small cap baskets
2013-12-03 16:57:07 [Message] fib_1618 -> Chat: so until we start seeing downside leadership by the mid and small caps
2013-12-03 16:57:16 [Message] fib_1618 -> Chat: and especially in the secondary market (NASDAQ)
2013-12-03 16:57:40 [Message] fib_1618 -> Chat: these pullbacks are likely pauses from where buy points are created
2013-12-03 16:57:42 [Message] fib_1618 -> Chat: you know...
2013-12-03 16:57:55 [Message] fib_1618 -> Chat: all those times you tell folks that you're waiting for a pullback to move long?
2013-12-03 16:58:04 [Message] fib_1618 -> Chat: this would be one of those times [smile]
2013-12-03 16:58:16 [Message] fib_1618 -> Chat: but when the rubber meets the road
2013-12-03 16:58:28 [Message] fib_1618 -> Chat: most of us are afraid to pull the trigger
2013-12-03 16:58:30 [Message] fib_1618 -> Chat: unless
2013-12-03 16:58:34 [Message] fib_1618 -> Chat: you have a plan
2013-12-03 16:58:40 [Message] fib_1618 -> Chat: and an appropriate stop
2013-12-03 16:58:52 [Message] fib_1618 -> Chat: let's see how the volume oscillators look
2013-12-03 16:59:20 [Message] fib_1618 -> Chat: let's call the CVI's mixed
2013-12-03 16:59:37 [Message] fib_1618 -> Chat: neutral to "oversold" all depending
2013-12-03 16:59:51 [Message] fib_1618 -> Chat: the STVO's are relieving their "overbought" readings of last week
2013-12-03 17:00:03 [Message] fib_1618 -> Chat: the VTO's continue to suggest a strong uptrend in force
2013-12-03 17:00:23 [Message] fib_1618 -> Chat: NYSE TRIN at 1.28
2013-12-03 17:00:31 [Message] fib_1618 -> Chat: Open 10 at 1.07
2013-12-03 17:00:34 [Message] fib_1618 -> Chat: getting there
2013-12-03 17:00:38 [Message] fib_1618 -> Chat: "oversold"
2013-12-03 17:00:50 [Message] fib_1618 -> Chat: but we would feel better if we can get above 1.10
2013-12-03 17:01:03 [Message] fib_1618 -> Chat: NASDAQ TRIN at .99
2013-12-03 17:01:13 [Message] fib_1618 -> Chat: Open 10 at 1.01
2013-12-03 17:01:18 [Message] fib_1618 -> Chat: minimally "oversold"
2013-12-03 17:01:22 [Message] fib_1618 -> Chat: but a nice bounce
2013-12-03 17:01:31 [Message] fib_1618 -> Chat: TM TRIN at 1.10
2013-12-03 17:01:38 [Message] fib_1618 -> Chat: Open 10 at .97
2013-12-03 17:01:41 [Message] fib_1618 -> Chat: so....
2013-12-03 17:02:03 [Message] fib_1618 -> Chat: we still don't have enough of a "oversold" market to where a price bottom for this corrective sequence is due
2013-12-03 17:02:20 [Message] fib_1618 -> Chat: so given the idea that we should see a bounce on Wednesday
2013-12-03 17:02:32 [Message] fib_1618 -> Chat: the near term blueprint would be for a rally for one or two days
2013-12-03 17:02:42 [Message] fib_1618 -> Chat: and then another sell off into early next week
2013-12-03 17:02:50 [Message] fib_1618 -> Chat: and that should take care of any excesses
2013-12-03 17:03:08 [Message] fib_1618 -> Chat: plus we would then be able to reach our downside targets in the MCSUM's
2013-12-03 17:03:21 [Message] fib_1618 -> Chat: let me take a look at the BETS...one moment
2013-12-03 17:03:57 [Message] fib_1618 -> Chat: watch out in the Precious Metals
2013-12-03 17:04:24 [Message] fib_1618 -> Chat: we're just about to see a capitulation point there
2013-12-03 17:05:02 [Message] fib_1618 -> Chat: wow... +15
2013-12-03 17:05:15 [Message] fib_1618 -> Chat: so that's enough for a bounce
2013-12-03 17:05:29 [Message] fib_1618 -> Chat: at this point
2013-12-03 17:05:52 [Message] fib_1618 -> Chat: we have to remember that the MCSUM only gave us a time map for a probable top around the Thanksgiving holiday
2013-12-03 17:06:10 [Message] fib_1618 -> Chat: and we had many of the internals at compressed states all of last week
2013-12-03 17:06:22 [Message] fib_1618 -> Chat: the bulls attempted to take the ball and run again for two days but stalled
2013-12-03 17:06:42 [Message] fib_1618 -> Chat: and now we're starting to see some breakdowns that could turn into something more important
2013-12-03 17:06:47 [Message] fib_1618 -> Chat: for now...
2013-12-03 17:06:53 [Message] fib_1618 -> Chat: we are on a hold
2013-12-03 17:07:14 [Message] fib_1618 -> Chat: and that only selective buying should be employed
2013-12-03 17:07:21 [Message] fib_1618 -> Chat: if we can a decent bounce tomorrow
2013-12-03 17:07:35 [Message] fib_1618 -> Chat: that would help our blueprint for an ultimate bottom sometime next week
2013-12-03 17:07:40 [Message] fib_1618 -> Chat: maybe as early as Friday
2013-12-03 17:07:44 [Message] fib_1618 -> Chat: though I seem to doubt it
2013-12-03 17:07:50 [Message] fib_1618 -> Chat: bigger picture wise
2013-12-03 17:08:03 [Message] fib_1618 -> Chat: a rest here would be quite reasonable
2013-12-03 17:08:46 [Message] fib_1618 -> Chat: especially with all the bullish talk of late...it's time spank the option speculators who finally decided to try to play the long side two weeks ago
2013-12-03 17:09:03 [Message] fib_1618 -> Chat: get them to go back to buying puts
2013-12-03 17:09:12 [Message] fib_1618 -> Chat: which was seen today
2013-12-03 17:09:49 [Message] fib_1618 -> Chat: but it wasn't enough of a low reading in the ISEE to offset the high reading in this same tool last month
2013-12-03 17:10:05 [Message] fib_1618 -> Chat: my guess is
2013-12-03 17:10:27 [Message] fib_1618 -> Chat: once we start seeing bearish posts increase over all
2013-12-03 17:10:38 [Message] fib_1618 -> Chat: then we'll know we're close to another tradable low
2013-12-03 17:10:42 [Message] fib_1618 -> Chat: and...
2013-12-03 17:10:47 [Message] fib_1618 -> Chat: today is turnaround Tuesday
2013-12-03 17:11:07 [Message] fib_1618 -> Chat: always good for an opposite move of the majority [smile]
2013-12-03 17:11:18 [Message] fib_1618 -> Chat: let me take a look around at some other DP charts
2013-12-03 17:12:06 [Message] fib_1618 -> Chat: we almost got a Bollinger Put Volume buy signal today in the OEX (1.90)
2013-12-03 17:12:20 [Message] fib_1618 -> Chat: we need a reading above 2.00 for that
2013-12-03 17:12:41 [Message] fib_1618 -> Chat: maybe 1.90 is close enough given the degree of ascent in prices?
2013-12-03 17:13:13 [Message] fib_1618 -> Chat: P/C ratios though are a bit frothy
2013-12-03 17:13:18 [Message] fib_1618 -> Chat: so no help for the bulls there
2013-12-03 17:14:12 [Message] fib_1618 -> Chat: sentiment charts look like there are just too many bulls for now
2013-12-03 17:14:27 [Message] fib_1618 -> Chat: and why we failed to hold the gains of Wednesday and Friday into the close
2013-12-03 17:15:08 [Message] fib_1618 -> Chat: no divergences at all in the weighted and unweighted averages
2013-12-03 17:15:16 [Message] fib_1618 -> Chat: so the uptrend is strong
2013-12-03 17:16:08 [Message] fib_1618 -> Chat: Eliades TRIN is neutral
2013-12-03 17:16:55 [Message] fib_1618 -> Chat: anyway...we should have a better feel of things on Thursday
2013-12-03 17:17:00 [Message] fib_1618 -> Chat: but for now...stay the course
2013-12-03 17:17:03 [Message] fib_1618 -> Chat: anything else?
2013-12-03 17:17:38 [Message] fib_1618 -> Chat: it's been quite a year for the longs
2013-12-03 17:18:22 [Message] fib_1618 -> Chat: NASDAQ is up 31% from last December
2013-12-03 17:18:30 [Message] unc1998 -> Chat: Hey Dave...Can you look at the XLU breadth chart quickly?
2013-12-03 17:18:32 [Message] fib_1618 -> Chat: not too shabby
2013-12-03 17:18:36 [Message] fib_1618 -> Chat: sure
2013-12-03 17:19:02 [Message] fib_1618 -> Chat: "oversold" bounce
2013-12-03 17:19:16 [Message] fib_1618 -> Chat: with the MCSUM trying to find support at the -500 level
2013-12-03 17:19:21 [Message] fib_1618 -> Chat: inside range day on the XLU
2013-12-03 17:19:26 [Message] unc1998 -> Chat: volume sum broke sept lows, and breadth as of yest has not
2013-12-03 17:19:28 [Message] fib_1618 -> Chat: so you should see an up day tomorrow
2013-12-03 17:19:34 [Message] unc1998 -> Chat: cool
2013-12-03 17:19:57 [Message] fib_1618 -> Chat: yes...
2013-12-03 17:20:01 [Message] fib_1618 -> Chat: lots of selling
2013-12-03 17:20:03 [Message] fib_1618 -> Chat: as you know
2013-12-03 17:20:25 [Message] fib_1618 -> Chat: the McClellan's gave a sell on this sector...what? 2 weeks ago?
2013-12-03 17:20:39 [Message] unc1998 -> Chat: yep....been in and out short since
2013-12-03 17:20:48 [Message] fib_1618 -> Chat: gotcha
2013-12-03 17:20:54 [Message] fib_1618 -> Chat: been successful?
2013-12-03 17:21:00 [Message] unc1998 -> Chat: yes!  [smile]
2013-12-03 17:21:03 [Message] fib_1618 -> Chat: great to hear!
2013-12-03 17:21:09 [Message] fib_1618 -> Chat: and you did it while the market was rising
2013-12-03 17:21:10 [Message] fib_1618 -> Chat: so...
2013-12-03 17:21:16 [Message] fib_1618 -> Chat: I guess this breadth stuff works?
2013-12-03 17:21:27 [Message] unc1998 -> Chat: lol definitely!
2013-12-03 17:21:49 [Message] fib_1618 -> Chat: I would watch to see how the MCO's react at the -50 levels
2013-12-03 17:21:55 [Message] fib_1618 -> Chat: what you should see here
2013-12-03 17:22:00 [Message] fib_1618 -> Chat: is some resistance
2013-12-03 17:22:05 [Message] fib_1618 -> Chat: and then a divergent low
2013-12-03 17:22:15 [Message] fib_1618 -> Chat: and then you're likely to snapback to the zero line
2013-12-03 17:22:17 [Message] fib_1618 -> Chat: now...
2013-12-03 17:22:23 [Message] fib_1618 -> Chat: as far as the SOB trigger
2013-12-03 17:22:32 [Message] fib_1618 -> Chat: if the breadth and volume MCO's both move below their recent lows
2013-12-03 17:22:53 [Message] fib_1618 -> Chat: then there's a very good chance of the trigger
2013-12-03 17:23:15 [Message] fib_1618 -> Chat: just watch your MCO levels
2013-12-03 17:23:17 [Message] unc1998 -> Chat: did you say the price trigger would be a break of 36?
2013-12-03 17:23:19 [Message] fib_1618 -> Chat: and the declining tops line
2013-12-03 17:23:25 [Message] fib_1618 -> Chat: in price, yes
2013-12-03 17:23:29 [Message] fib_1618 -> Chat: but in order to do that
2013-12-03 17:23:51 [Message] fib_1618 -> Chat: the MCO's would now have to move to even deeper "oversold" levels to break this area of support
2013-12-03 17:24:18 [Message] fib_1618 -> Chat: remember...it all has to work together to achieve a common goal
2013-12-03 17:24:23 [Message] unc1998 -> Chat: thx
2013-12-03 17:24:26 [Message] fib_1618 -> Chat: np
2013-12-03 17:24:47 [Message] fib_1618 -> Chat: we'll look at the sector charts on Thursday...as we always do
2013-12-03 17:25:07 [Message] fib_1618 -> Chat: we should have some better answers by then
2013-12-03 17:25:13 [Message] fib_1618 -> Chat: OK...anything else?
2013-12-03 17:25:29 [Message] thespookyone -> Chat: thx
2013-12-03 17:25:35 [Message] fib_1618 -> Chat: sure 'nuff
2013-12-03 17:25:47 [Message] fib_1618 -> Chat: OK...I'm going to take off then
2013-12-03 17:25:54 [Message] fib_1618 -> Chat: everyone have a great couple days of trading
2013-12-03 17:26:02 [Message] fib_1618 -> Chat: and we'll meet up again on Thursday
2013-12-03 17:26:03 [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

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