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Posts: 5,090
Reply with quote  #1 
2012-12-06 16:00:48 [Message] fib_1618 -> Chat: good day
2012-12-06 16:00:54 [Message] fib_1618 -> Chat: how is everyone?
2012-12-06 16:03:04 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2012-12-06 16:04:17 [Message] fib_1618 -> Chat: OK...then let me get DP up and we'll get going
2012-12-06 16:05:00 [Message] fib_1618 -> Chat: in what I think is the 3rd straight day
2012-12-06 16:05:12 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO had another small point change today
2012-12-06 16:05:24 [Message] fib_1618 -> Chat: as the buyers continue to support the current bids
2012-12-06 16:05:55 [Message] fib_1618 -> Chat: this has now pushed the NYSE CO breadth MCSUM up to a +96 reading
2012-12-06 16:06:14 [Message] fib_1618 -> Chat: on our way to the next level of probable resistance...the +250 level
2012-12-06 16:06:39 [Message] fib_1618 -> Chat: with the internals holding up as they have been
2012-12-06 16:06:58 [Message] fib_1618 -> Chat: the price pattern of the last several days continues to suggest a "pause to refresh"
2012-12-06 16:07:15 [Message] fib_1618 -> Chat: where the odds also suggest at least one more pop to the upside
2012-12-06 16:08:00 [Message] fib_1618 -> Chat: current pattern resistance on the NYA remains at the early November highs
2012-12-06 16:08:16 [Message] fib_1618 -> Chat: so we have about 70 points of play here
2012-12-06 16:08:37 [Message] fib_1618 -> Chat: want to check moment
2012-12-06 16:09:07 [Message] fib_1618 -> Chat: I was checking the daily volume pattern
2012-12-06 16:09:28 [Message] fib_1618 -> Chat: and it would appear that we could be tracing out an inverted head and shoulders pattern on the NYA right now
2012-12-06 16:10:08 [Message] fib_1618 -> Chat: with a neckline breakout above the Monday's intraday highs
2012-12-06 16:10:24 [Message] fib_1618 -> Chat: if we do follow through on this
2012-12-06 16:10:36 [Message] fib_1618 -> Chat: the upside target of this inverted pattern would be...
2012-12-06 16:11:04 [Message] fib_1618 -> Chat: about 400 points from here - or about 8700
2012-12-06 16:11:25 [Message] fib_1618 -> Chat: but unless we can get the MCSUM back above the +250 level
2012-12-06 16:11:41 [Message] fib_1618 -> Chat: we're probably not going to see much more than a test of the previous highs
2012-12-06 16:12:00 [Message] fib_1618 -> Chat: looking at the close up NYA price chart
2012-12-06 16:12:33 [Message] fib_1618 -> Chat: and we see a classic structural pattern of higher highs and lower highs
2012-12-06 16:12:55 [Message] fib_1618 -> Chat: with each of the previous consolidations finding support at the last structure
2012-12-06 16:13:29 [Message] fib_1618 -> Chat: referred to as "stair stepping", this is a part of a solid pricing structure that has trader support
2012-12-06 16:13:58 [Message] fib_1618 -> Chat: and it gives us some excellent guidelines to play with here
2012-12-06 16:14:21 [Message] fib_1618 -> Chat: where a break either above or below the current consolidation would give us a trading signal in the direction of this same breakout
2012-12-06 16:14:55 [Message] fib_1618 -> Chat: right's 8298 on the high side
2012-12-06 16:15:09 [Message] fib_1618 -> Chat: and around 8200 on the downside
2012-12-06 16:15:29 [Message] fib_1618 -> Chat: anything else and we're likely to continue to move sideways
2012-12-06 16:15:48 [Message] fib_1618 -> Chat: small point change tonight on the NYSE composite breadth MCO
2012-12-06 16:16:10 [Message] fib_1618 -> Chat: so let's expect a dramatic move in the major market averages in the next two trading sessions
2012-12-06 16:16:33 [Message] fib_1618 -> Chat: we also have a small point change on the traditional MCO as well
2012-12-06 16:16:50 [Message] fib_1618 -> Chat: so the tension on the tape is wound up tighter than a snare drum
2012-12-06 16:17:13 [Message] fib_1618 -> Chat: notice also that the NYSE breadth MCSUM is now at the +250 level
2012-12-06 16:17:17 [Message] fib_1618 -> Chat: with a reading today of +252
2012-12-06 16:17:25 [Message] fib_1618 -> Chat: so...something is about to give in a big way
2012-12-06 16:17:42 [Message] fib_1618 -> Chat: and will determine the likely direction of the market for about a month
2012-12-06 16:18:09 [Message] fib_1618 -> Chat: small point change as well on the NASDAQ breadth MCO
2012-12-06 16:18:56 [Message] fib_1618 -> Chat: and the components here suggest that another attempt by the buyers is due to help in re-enforcing the current trend of money flow
2012-12-06 16:19:05 [Message] fib_1618 -> Chat: looking at the NASDAQ breadth MCSUM
2012-12-06 16:19:21 [Message] fib_1618 -> Chat: and we see that is has passed above the -250 level as we expected it would on Tuesday
2012-12-06 16:19:28 [Message] fib_1618 -> Chat: so the next target there is the zero line
2012-12-06 16:20:00 [Message] fib_1618 -> Chat: given that the NASDAQ breadth MCO has now snapped back a bit beyond the +25 level
2012-12-06 16:20:28 [Message] fib_1618 -> Chat: the bulls really need to step up, here and now, or they may have the ball taken away from them
2012-12-06 16:21:02 [Message] fib_1618 -> Chat: and for the NASDAQ composite index to break above its early November highs
2012-12-06 16:21:46 [Message] fib_1618 -> Chat: we must see enough buying come in to where the NASDAQ breadth MCO can move back above the small blip we see just to the left of our current levels
2012-12-06 16:22:22 [Message] fib_1618 -> Chat: this would also help propel the price index to our next price target of the 3100 level
2012-12-06 16:22:50 [Message] fib_1618 -> Chat: which is only 110 points away...easily done by next week
2012-12-06 16:23:20 [Message] fib_1618 -> Chat: moving to the NDX breadth MCO
2012-12-06 16:23:27 [Message] fib_1618 -> Chat: and here we see that we turned slightly higher today
2012-12-06 16:24:00 [Message] fib_1618 -> Chat: which is important information because this would suggest that the NDX breadth MCSUM is now likely to move back above the zero line and not stall there
2012-12-06 16:24:12 [Message] fib_1618 -> Chat: the current reading there is a -85
2012-12-06 16:24:27 [Message] fib_1618 -> Chat: so we're close to meeting that technical objective as well
2012-12-06 16:24:49 [Message] fib_1618 -> Chat: what you have probably realized over the time in which we've had these chats
2012-12-06 16:24:59 [Message] fib_1618 -> Chat: is that it really doesn't matter what price does
2012-12-06 16:25:19 [Message] fib_1618 -> Chat: as long as there is bid support (by the buyers) to keep money flowing in
2012-12-06 16:25:39 [Message] fib_1618 -> Chat: prices can actually consolidate during such dynamic moments in the overall structure
2012-12-06 16:25:51 [Message] fib_1618 -> Chat: and the more buying support there is
2012-12-06 16:26:01 [Message] fib_1618 -> Chat: the harder it becomes for the sellers to gain the upper hand
2012-12-06 16:26:24 [Message] fib_1618 -> Chat: which then allows a process of giving the correct odds of what we should eventually see based on this same dynamic
2012-12-06 16:26:38 [Message] fib_1618 -> Chat: we continue to show internal support
2012-12-06 16:27:05 [Message] fib_1618 -> Chat: this just increases the likelihood, not the surety, of price continuing to move in this same directional push
2012-12-06 16:27:18 [Message] fib_1618 -> Chat: and when you have compression on the tape as we do right now
2012-12-06 16:27:47 [Message] fib_1618 -> Chat: one can reasonably give the better odds of a positive resolution to that of something that might turn out to be a trap
2012-12-06 16:27:56 [Message] fib_1618 -> Chat: it's one day at a time
2012-12-06 16:28:19 [Message] fib_1618 -> Chat: and it's all up to how people perceive "value"
2012-12-06 16:28:28 [Message] fib_1618 -> Chat: what we do in here is measure this "valuation"
2012-12-06 16:28:35 [Message] fib_1618 -> Chat: it's speed
2012-12-06 16:28:50 [Message] fib_1618 -> Chat: and the likely distance it will take prices with all things being equal
2012-12-06 16:29:28 [Message] fib_1618 -> Chat: we see that we had our technical bounce as well on the SPX breadth MCO that we expected on Tuesday
2012-12-06 16:30:01 [Message] fib_1618 -> Chat: and this has allowed the SPX breadth MCSUM to move back above both pattern resistance and the zero line
2012-12-06 16:30:12 [Message] fib_1618 -> Chat: next target there...+250
2012-12-06 16:30:39 [Message] fib_1618 -> Chat: where we have three areas of formidable resistance to contend with
2012-12-06 16:30:55 [Message] fib_1618 -> Chat: which will tell the tale as to what we should expect going into the 1st quarter of next year
2012-12-06 16:31:09 [Message] fib_1618 -> Chat: a break above this area would suggest a good January and February
2012-12-06 16:31:16 [Message] fib_1618 -> Chat: if we get turned away
2012-12-06 16:31:19 [Message] fib_1618 -> Chat: not so rosy an outlook
2012-12-06 16:31:50 [Message] fib_1618 -> Chat: 1425 remains resistance for now
2012-12-06 16:32:13 [Message] fib_1618 -> Chat: a break above this level will most probably be accompanied by huge volume
2012-12-06 16:32:40 [Message] fib_1618 -> Chat: and this will give us the momentum to at least challenge the September/October price highs
2012-12-06 16:33:03 [Message] fib_1618 -> Chat: we also got our technical bounce in the OEX breadth MCO
2012-12-06 16:33:26 [Message] fib_1618 -> Chat: as it now resides just below the important +50 level (+49)
2012-12-06 16:33:46 [Message] fib_1618 -> Chat: and when we look at the OEX breadth MCSUM
2012-12-06 16:34:00 [Message] fib_1618 -> Chat: we see that, as we expected, we have now crossed above the zero line here as well
2012-12-06 16:34:14 [Message] fib_1618 -> Chat: so more and more control continues to build for the buyers here
2012-12-06 16:34:57 [Message] fib_1618 -> Chat: and any upside follow through near term will then allow the OEX breadth MCO to move to its next level of natural resistance - the +250 level
2012-12-06 16:35:18 [Message] fib_1618 -> Chat: the Dow breadth MCSUM is also back above its zero line now
2012-12-06 16:35:43 [Message] fib_1618 -> Chat: and you can see the formation of the compressional triangle in the Dow breadth MCO
2012-12-06 16:36:03 [Message] fib_1618 -> Chat: which is part of our complex pattern above the zero line
2012-12-06 16:36:18 [Message] fib_1618 -> Chat: as long as the buyers can maintain this kind of dynamic
2012-12-06 16:36:44 [Message] fib_1618 -> Chat: the path of least resistance, no less any near term surprises, will be to the upside
2012-12-06 16:37:19 [Message] fib_1618 -> Chat: the MID breadth MCO also has a small point change tonight
2012-12-06 16:37:39 [Message] fib_1618 -> Chat: and notice that the MID price pattern is about as far as it can go now without breaking out to the upside
2012-12-06 16:37:47 [Message] fib_1618 -> Chat: "knocking on the ceiling"
2012-12-06 16:38:04 [Message] fib_1618 -> Chat: the MID breadth MCSUM has also now moved above the +250 level
2012-12-06 16:38:14 [Message] fib_1618 -> Chat: so either the bears stage their ambush now
2012-12-06 16:38:24 [Message] fib_1618 -> Chat: or they will lose any control that they had before
2012-12-06 16:38:55 [Message] fib_1618 -> Chat: small point change on the SML breadth MCO
2012-12-06 16:39:05 [Message] fib_1618 -> Chat: and like the NASDAQ
2012-12-06 16:39:44 [Message] fib_1618 -> Chat: we will need to see this MCO move back above the recent "blip" pattern we see just to the left of current levels in order for the price pattern to break above their November highs
2012-12-06 16:40:12 [Message] fib_1618 -> Chat: and it should be duly pointed out
2012-12-06 16:40:17 [Message] fib_1618 -> Chat: that in the span of 3 weeks
2012-12-06 16:40:25 [Message] fib_1618 -> Chat: with one week of sideways to down action
2012-12-06 16:40:30 [Message] fib_1618 -> Chat: the SML is now up 7%
2012-12-06 16:40:41 [Message] fib_1618 -> Chat: and that ain't hay
2012-12-06 16:41:21 [Message] fib_1618 -> Chat: and we have a inverted head and shoulders pattern working here too
2012-12-06 16:41:44 [Message] fib_1618 -> Chat: with daily volume more definitive of this same structure than that NYA
2012-12-06 16:42:08 [Message] fib_1618 -> Chat: and a small point change on the TM breadth MCO
2012-12-06 16:42:30 [Message] fib_1618 -> Chat: and the TM breadth MCSUM is now in its second day back above its zero line
2012-12-06 16:42:49 [Message] fib_1618 -> Chat: so...
2012-12-06 16:42:59 [Message] fib_1618 -> Chat: with the exception of the NASDAQ and NDX breadth MCSUM's
2012-12-06 16:43:17 [Message] fib_1618 -> Chat: the rest of the market is now showing that the bulls have over control of things
2012-12-06 16:43:33 [Message] fib_1618 -> Chat: pretty much what we had prior to the election result swoon
2012-12-06 16:43:52 [Message] fib_1618 -> Chat: many continue to look at Apple as the proxy here
2012-12-06 16:44:00 [Message] fib_1618 -> Chat: but as we talked about earlier this year
2012-12-06 16:44:12 [Message] fib_1618 -> Chat: this is/was fully expected of the "leader"
2012-12-06 16:44:26 [Message] fib_1618 -> Chat: keeping many from going short at the beginning of November
2012-12-06 16:44:36 [Message] fib_1618 -> Chat: and now keeping these same traders from going long
2012-12-06 16:44:43 [Message] fib_1618 -> Chat: slight of hand
2012-12-06 16:44:51 [Message] fib_1618 -> Chat: keep them looking one way
2012-12-06 16:45:05 [Message] fib_1618 -> Chat: while the real trick is happening "over there"
2012-12-06 16:45:44 [Message] fib_1618 -> Chat: let's see how the volume McClellan's are doing
2012-12-06 16:46:01 [Message] fib_1618 -> Chat: small point change on the NYSE CO volume MCO
2012-12-06 16:46:27 [Message] fib_1618 -> Chat: and we have finally moved back above the zero line now on the NYSE CO volume MCSUM
2012-12-06 16:46:44 [Message] fib_1618 -> Chat: and we seem to be expanding to the upside as well
2012-12-06 16:47:09 [Message] fib_1618 -> Chat: small point change as well on the composite NYSE volume MCO
2012-12-06 16:47:28 [Message] fib_1618 -> Chat: with the NYSE composite volume MCSUM now back above its zero line
2012-12-06 16:47:35 [Message] fib_1618 -> Chat: keeping in mind that...
2012-12-06 16:47:40 [Message] fib_1618 -> Chat: if we move above the zero line
2012-12-06 16:47:53 [Message] fib_1618 -> Chat: this means that the 19 day EMA has now moved above the 39 day EMA
2012-12-06 16:47:57 [Message] fib_1618 -> Chat: and if this is happening
2012-12-06 16:48:26 [Message] fib_1618 -> Chat: the only way it can is that the NYUD line continues to show better up volume than down volume
2012-12-06 16:48:32 [Message] fib_1618 -> Chat: no less
2012-12-06 16:48:42 [Message] fib_1618 -> Chat: we are in full sync here to the upside between volume and breadth
2012-12-06 16:48:56 [Message] fib_1618 -> Chat: I was thinking today
2012-12-06 16:49:01 [Message] fib_1618 -> Chat: maybe the best news here
2012-12-06 16:49:11 [Message] fib_1618 -> Chat: is that there is no compromise in Washington
2012-12-06 16:49:19 [Message] fib_1618 -> Chat: because
2012-12-06 16:49:22 [Message] fib_1618 -> Chat: if you look at history
2012-12-06 16:49:27 [Message] fib_1618 -> Chat: anytime there has been a resolution to a problem
2012-12-06 16:49:36 [Message] fib_1618 -> Chat: the markets have sold off sharply after the event
2012-12-06 16:49:43 [Message] fib_1618 -> Chat: look at 2008
2012-12-06 16:50:00 [Message] fib_1618 -> Chat: the market was fine until Congress passed the bail out bill for the banks
2012-12-06 16:50:12 [Message] fib_1618 -> Chat: the market was fine again in the beginning of 2009
2012-12-06 16:50:14 [Message] fib_1618 -> Chat: until...
2012-12-06 16:50:22 [Message] fib_1618 -> Chat: Congress passed the stimulus package
2012-12-06 16:50:41 [Message] fib_1618 -> Chat: just a couple of examples I can think of
2012-12-06 16:50:55 [Message] fib_1618 -> Chat: how about the election?
2012-12-06 16:51:09 [Message] fib_1618 -> Chat: everything was fine up until the results
2012-12-06 16:51:13 [Message] fib_1618 -> Chat: and down we went again
2012-12-06 16:51:33 [Message] fib_1618 -> Chat: so maybe a lame duck situation is actually good for equities
2012-12-06 16:51:43 [Message] fib_1618 -> Chat: kind of goes against the proverbial grain
2012-12-06 16:52:03 [Message] fib_1618 -> Chat: but it does continue to support a wall of worry in which all advancing price structures have their basis
2012-12-06 16:52:24 [Message] fib_1618 -> Chat: then it's "how long is too long" after the 31st
2012-12-06 16:52:31 [Message] fib_1618 -> Chat: there will always be worry
2012-12-06 16:52:39 [Message] fib_1618 -> Chat: even if one side caves
2012-12-06 16:52:46 [Message] fib_1618 -> Chat: and that's what it's going to take folks
2012-12-06 16:53:01 [Message] fib_1618 -> Chat: hopefully the right will hang in there
2012-12-06 16:53:05 [Message] fib_1618 -> Chat: because if they give in
2012-12-06 16:53:18 [Message] fib_1618 -> Chat: it's not likely we're going to see taxes move lower any time soon
2012-12-06 16:53:28 [Message] fib_1618 -> Chat: onward
2012-12-06 16:53:54 [Message] fib_1618 -> Chat: the NASDAQ volume MCO also found +50 support
2012-12-06 16:54:08 [Message] fib_1618 -> Chat: and the NASDAQ volume MCSUM has now moved back above its zero line as well today
2012-12-06 16:54:35 [Message] fib_1618 -> Chat: well...this is exciting
2012-12-06 16:54:44 [Message] fib_1618 -> Chat: the NDX volume MCO continues to move higher
2012-12-06 16:54:54 [Message] fib_1618 -> Chat: and though it hasn't taken out its recent highs yet
2012-12-06 16:55:12 [Message] fib_1618 -> Chat: this move higher is expanding the posts to the upside in the NDX volume MCSUM
2012-12-06 16:55:18 [Message] fib_1618 -> Chat: and we are now right at the zero line
2012-12-06 16:55:26 [Message] fib_1618 -> Chat: with a -19 reading
2012-12-06 16:55:39 [Message] fib_1618 -> Chat: so unless there is a complete withdrawal tomorrow
2012-12-06 16:56:06 [Message] fib_1618 -> Chat: the NDX volume MCSUM is going to break above some important overhead resistance
2012-12-06 16:56:24 [Message] fib_1618 -> Chat: and in order to this...what do you suppose the NDX volume MCO must do?
2012-12-06 16:56:39 [Message] fib_1618 -> Chat: must move to higher highs
2012-12-06 16:56:49 [Message] fib_1618 -> Chat: and the only way this happens
2012-12-06 16:57:10 [Message] fib_1618 -> Chat: is that there is likely to be a burst of buying entering this index
2012-12-06 16:57:16 [Message] fib_1618 -> Chat: now...
2012-12-06 16:57:49 [Message] fib_1618 -> Chat: some of this maybe due to the NDX being retooled over the next couple of days
2012-12-06 16:58:02 [Message] fib_1618 -> Chat: with FB coming in
2012-12-06 16:58:26 [Message] fib_1618 -> Chat: and some other tweaks in this yearly restructuring
2012-12-06 16:58:49 [Message] fib_1618 -> Chat: but we seem to be set up for some sort of breakout here near term
2012-12-06 16:59:00 [Message] fib_1618 -> Chat: or at least...some clarity
2012-12-06 16:59:34 [Message] fib_1618 -> Chat: the SPX volume MCSUM is also back above its zero line
2012-12-06 16:59:49 [Message] fib_1618 -> Chat: as is the OEX volume MCSUM
2012-12-06 17:00:03 [Message] fib_1618 -> Chat: with both MCO's supporting small point changes
2012-12-06 17:00:36 [Message] fib_1618 -> Chat: the Dow volume MCO has moved back up to the top of its complex pattern structure now
2012-12-06 17:00:59 [Message] fib_1618 -> Chat: and this has pushed the Dow volume MCSUM back above its zero line as well
2012-12-06 17:01:27 [Message] fib_1618 -> Chat: add a small point change on the MID volume MCO to the list
2012-12-06 17:01:35 [Message] fib_1618 -> Chat: and like its breadth cousin
2012-12-06 17:01:43 [Message] fib_1618 -> Chat: we are back above the +250 level here as well
2012-12-06 17:01:54 [Message] fib_1618 -> Chat: you have to admire the synchronicity we have here
2012-12-06 17:02:05 [Message] fib_1618 -> Chat: there's good rhythm and cadence
2012-12-06 17:02:23 [Message] fib_1618 -> Chat: small point change on the SML volume MCO
2012-12-06 17:02:42 [Message] fib_1618 -> Chat: but the SML volume MCSUM remains below its zero line
2012-12-06 17:03:00 [Message] fib_1618 -> Chat: though with any pop here
2012-12-06 17:03:16 [Message] fib_1618 -> Chat: we would slice through the zero line without too much of a problem
2012-12-06 17:03:57 [Message] fib_1618 -> Chat: and the TM volume MCSUM has also now moved back above its zero line
2012-12-06 17:04:11 [Message] fib_1618 -> Chat: so...all in all...the bulls have good control here
2012-12-06 17:04:41 [Message] fib_1618 -> Chat: and have been backing a filling for the last couple of days in what looks to be an upcoming attempt to flex their muscles
2012-12-06 17:04:46 [Message] fib_1618 -> Chat: for the bears
2012-12-06 17:05:05 [Message] fib_1618 -> Chat: they need to pull out some sort of magic card here
2012-12-06 17:05:15 [Message] fib_1618 -> Chat: or they could be on the wire for a while
2012-12-06 17:05:49 [Message] fib_1618 -> Chat: last chance to belly up...but it doesn't seem, so far, that the bears have it in them right now
2012-12-06 17:05:59 [Message] fib_1618 -> Chat: they're tired and frustrated
2012-12-06 17:06:09 [Message] fib_1618 -> Chat: and for the longer term
2012-12-06 17:06:21 [Message] fib_1618 -> Chat: it might be a good thing if they go into hibernation for a while
2012-12-06 17:06:34 [Message] fib_1618 -> Chat: and re-examine things
2012-12-06 17:06:56 [Message] fib_1618 -> Chat: earthquakes...floods...debt...cliffs...nothing seems to work
2012-12-06 17:07:10 [Message] fib_1618 -> Chat: interestingly enough
2012-12-06 17:07:39 [Message] fib_1618 -> Chat: even my wife said to me yesterday that the sentiment is so negative right's even worse than 2009
2012-12-06 17:07:48 [Message] fib_1618 -> Chat: and I said: "I know"
2012-12-06 17:08:14 [Message] fib_1618 -> Chat: so if you're an Elliottician
2012-12-06 17:08:23 [Message] fib_1618 -> Chat: you really have to love the negative sentiment here
2012-12-06 17:08:48 [Message] fib_1618 -> Chat: where platforms like this can lead to extraordinary rallies
2012-12-06 17:09:04 [Message] fib_1618 -> Chat: still a bit early to start a party
2012-12-06 17:09:17 [Message] fib_1618 -> Chat: but the ingredients are there nonetheless
2012-12-06 17:09:26 [Message] fib_1618 -> Chat: moving to the volume oscillators
2012-12-06 17:10:00 [Message] fib_1618 -> Chat: the CVI's are....
2012-12-06 17:10:08 [Message] fib_1618 -> Chat: on the bullish side of neutral
2012-12-06 17:10:14 [Message] fib_1618 -> Chat: not a lot there to say
2012-12-06 17:10:26 [Message] fib_1618 -> Chat: the STVO's remain "overbought"
2012-12-06 17:10:42 [Message] fib_1618 -> Chat: and it now looks like that the VTO's are going to make a run above the zero line
2012-12-06 17:10:47 [Message] fib_1618 -> Chat: like the MCO's
2012-12-06 17:11:04 [Message] fib_1618 -> Chat: if the STVO's can begin the structure of a complex pattern above their zero line
2012-12-06 17:11:16 [Message] fib_1618 -> Chat: this would then indicate a trending move in progress
2012-12-06 17:11:43 [Message] fib_1618 -> Chat: which would then be re-enforced by higher MCO readings
2012-12-06 17:11:57 [Message] fib_1618 -> Chat: no less...higher highs in the various MCSUM"s above the +250 level
2012-12-06 17:12:17 [Message] fib_1618 -> Chat: the potential here is actually amazing given the fundamental backdrop
2012-12-06 17:12:42 [Message] fib_1618 -> Chat: NYSE TRIN at .86
2012-12-06 17:12:52 [Message] fib_1618 -> Chat: Open 10 at .98
2012-12-06 17:12:59 [Message] fib_1618 -> Chat: so no longer "oversold"
2012-12-06 17:13:20 [Message] fib_1618 -> Chat: but nothing worth a worry at this point
2012-12-06 17:13:36 [Message] fib_1618 -> Chat: NASDAQ TRIN at .44
2012-12-06 17:13:41 [Message] fib_1618 -> Chat: lots of short covering there
2012-12-06 17:13:51 [Message] fib_1618 -> Chat: Open 10 at .85
2012-12-06 17:14:08 [Message] fib_1618 -> Chat: TM TRIN at .54
2012-12-06 17:14:15 [Message] fib_1618 -> Chat: Open 10 at .89
2012-12-06 17:14:18 [Message] fib_1618 -> Chat: neutral
2012-12-06 17:14:21 [Message] fib_1618 -> Chat: so....
2012-12-06 17:14:31 [Message] fib_1618 -> Chat: we may not be moving forward
2012-12-06 17:14:42 [Message] fib_1618 -> Chat: but the engine is running nicely under the hood
2012-12-06 17:14:53 [Message] fib_1618 -> Chat: there are some timing issues with the NASDAQ and NDX
2012-12-06 17:15:18 [Message] fib_1618 -> Chat: but a little richer blend of fuel would take care of that
2012-12-06 17:15:27 [Message] fib_1618 -> Chat: and we could then move forward
2012-12-06 17:15:56 [Message] fib_1618 -> Chat: and although little Jimmie could ruin things by pouring sugar in the gas tank
2012-12-06 17:16:03 [Message] fib_1618 -> Chat: it doesn't seem likely that he will
2012-12-06 17:16:12 [Message] fib_1618 -> Chat: so as we've said before
2012-12-06 17:16:18 [Message] fib_1618 -> Chat: the bulls remain with the ball
2012-12-06 17:16:23 [Message] fib_1618 -> Chat: at the goal line now
2012-12-06 17:16:33 [Message] fib_1618 -> Chat: and inches away from a touchdown
2012-12-06 17:16:45 [Message] fib_1618 -> Chat: we'll see how things go
2012-12-06 17:16:57 [Message] fib_1618 -> Chat: let me look around a bit at some other data
2012-12-06 17:17:04 [Message] fib_1618 -> Chat: any questions or insights from anyone??
2012-12-06 17:17:34 [Message] thespookyone -> Chat: AAPL put on quite a show off that bottom this morning...
2012-12-06 17:18:41 [Message] fib_1618 -> Chat: I was watching how everyone was climbing all over each other in making bearish comments this morning
2012-12-06 17:18:46 [Message] fib_1618 -> Chat: and knew we had a some sort of bottom
2012-12-06 17:18:52 [Message] fib_1618 -> Chat: "death cross" talk on CNBC again
2012-12-06 17:18:58 [Message] thespookyone -> Chat: yep
2012-12-06 17:19:02 [Message] fib_1618 -> Chat: that "this is only the beginning" on message boards
2012-12-06 17:19:06 [Message] fib_1618 -> Chat: and meanwhile
2012-12-06 17:19:08 [Message] fib_1618 -> Chat: we were diverging
2012-12-06 17:20:54 [Message] fib_1618 -> Chat: here's the way I always look at it
2012-12-06 17:21:03 [Message] fib_1618 -> Chat: "too far, too fast" and it's merchandising
2012-12-06 17:21:12 [Message] fib_1618 -> Chat: it's to promote a reaction
2012-12-06 17:21:34 [Message] fib_1618 -> Chat: notice how everyone just climbed right on board yesterday that Apple was leading the market lower
2012-12-06 17:21:50 [Message] fib_1618 -> Chat: and the market didn't pay any attention
2012-12-06 17:22:01 [Message] fib_1618 -> Chat: remember our conversation from earlier this year
2012-12-06 17:22:42 [Message] fib_1618 -> Chat: Leaders, like Apple, will always keep the majority from recognizing the directional trend
2012-12-06 17:23:03 [Message] fib_1618 -> Chat: and it will the be one stock that will see the last of the sell off AFTER the rest of the market has already bottomed
2012-12-06 17:23:26 [Message] fib_1618 -> Chat: just a quick comment
2012-12-06 17:23:43 [Message] fib_1618 -> Chat: CNBC was promoting an interview being shown later tonight on Apple
2012-12-06 17:24:19 [Message] fib_1618 -> Chat: and when Tim Cook was was TOLD...that "Apple make anything in the US...why?"
2012-12-06 17:24:38 [Message] fib_1618 -> Chat: and Brian Williams was taken aback when the answer was "it wasn't true"
2012-12-06 17:24:55 [Message] fib_1618 -> Chat: much of the phones assembly is made in the USA
2012-12-06 17:25:03 [Message] fib_1618 -> Chat: it's only assembled in China
2012-12-06 17:25:10 [Message] fib_1618 -> Chat: oh my...
2012-12-06 17:25:25 [Message] fib_1618 -> Chat: what a slap in the face to those who thought otherwise
2012-12-06 17:25:38 [Message] fib_1618 -> Chat: it should be an interesting interview
2012-12-06 17:26:27 [Message] fib_1618 -> Chat: anyway
2012-12-06 17:26:47 [Message] fib_1618 -> Chat: the OEX P/C ratio continues to look fine
2012-12-06 17:27:57 [Message] fib_1618 -> Chat: not much more I see here...
2012-12-06 17:28:20 [Message] fib_1618 -> Chat: but it does seem like that things are coming to some sort of head
2012-12-06 17:28:43 [Message] fib_1618 -> Chat: and maybe the jobs numbers tomorrow are going to be the trigger
2012-12-06 17:29:03 [Message] unc1998 -> Chat: Hey Dave...what are your thoughts on gold here?
2012-12-06 17:29:26 [Message] fib_1618 -> Chat: until the internals perk up...there's no interest there
2012-12-06 17:29:39 [Message] fib_1618 -> Chat: we have to watch this sector very carefully
2012-12-06 17:29:55 [Message] fib_1618 -> Chat: given that both the PM and XAU A/D lines are at multi year support areas
2012-12-06 17:30:07 [Message] fib_1618 -> Chat: if they break
2012-12-06 17:30:10 [Message] fib_1618 -> Chat: gold will too
2012-12-06 17:30:15 [Message] unc1998 -> Chat: I had sold some of my gold stocks awhile back....still watching
2012-12-06 17:30:40 [Message] fib_1618 -> Chat: the A/D lines have been telling the correct story there for some time now
2012-12-06 17:30:48 [Message] fib_1618 -> Chat: so stay the course
2012-12-06 17:31:01 [Message] fib_1618 -> Chat: as I mentioned though a couple of weeks ago
2012-12-06 17:31:10 [Message] fib_1618 -> Chat: for equities to continue to move higher
2012-12-06 17:31:24 [Message] fib_1618 -> Chat: we must have enough excess liquidity to raise the demand for gold
2012-12-06 17:31:40 [Message] fib_1618 -> Chat: so as gold moves lower
2012-12-06 17:32:04 [Message] fib_1618 -> Chat: any excesses in the system are literally being used up faster than they can throw money into the pot
2012-12-06 17:32:09 [Message] fib_1618 -> Chat: and to be honest
2012-12-06 17:32:19 [Message] fib_1618 -> Chat: this is what is keeping Europe solvent right now
2012-12-06 17:32:47 [Message] fib_1618 -> Chat: and keeps equities from being the source for any liquidity problems that may be going on right now
2012-12-06 17:33:07 [Message] fib_1618 -> Chat: do you know that the DAX closed at the highest levels today since 2008?
2012-12-06 17:33:24 [Message] fib_1618 -> Chat: the FTSE A/D line moved to new all time highs this past week?
2012-12-06 17:34:05 [Message] fib_1618 -> Chat: looks like the NYAD line also moved to new all time highs on Monday
2012-12-06 17:34:19 [Message] fib_1618 -> Chat: so that takes care of any idea of a bear market
2012-12-06 17:34:22 [Message] fib_1618 -> Chat: a correction?
2012-12-06 17:34:23 [Message] fib_1618 -> Chat: yes
2012-12-06 17:34:30 [Message] fib_1618 -> Chat: but we're still trending higher overall
2012-12-06 17:34:45 [Message] fib_1618 -> Chat: remember the declining tops line on the NAAD line from last week?
2012-12-06 17:34:49 [Message] fib_1618 -> Chat: I just looked at the chart
2012-12-06 17:35:05 [Message] fib_1618 -> Chat: and we have been riding that line to the downside...waiting...
2012-12-06 17:35:20 [Message] fib_1618 -> Chat: so the general feel here is positive
2012-12-06 17:35:26 [Message] fib_1618 -> Chat: all that's missing is a trigger
2012-12-06 17:35:33 [Message] fib_1618 -> Chat: the market wants to go higher
2012-12-06 17:35:51 [Message] fib_1618 -> Chat: it just has "cliff worries" keeping it from doing so
2012-12-06 17:36:02 [Message] fib_1618 -> Chat: like I mentioned on Tuesday
2012-12-06 17:36:24 [Message] fib_1618 -> Chat: every other thing being reported on CNBC has had a "fiscal cliff" tag line on it
2012-12-06 17:36:28 [Message] fib_1618 -> Chat: so...
2012-12-06 17:36:53 [Message] fib_1618 -> Chat: who in the heck is going to move their money into stocks when they're constantly being told about doom and gloom?
2012-12-06 17:37:06 [Message] fib_1618 -> Chat: talk about cheerleading!
2012-12-06 17:37:13 [Message] fib_1618 -> Chat: how about their "Cliff Clock"?
2012-12-06 17:37:20 [Message] fib_1618 -> Chat: tick tock goes the clock
2012-12-06 17:37:32 [Message] fib_1618 -> Chat:'s like Y2K all over again!
2012-12-06 17:38:06 [Message] fib_1618 -> Chat: and all of this started with Bernanke made a casual mention of this back in the spring
2012-12-06 17:38:11 [Message] fib_1618 -> Chat: and the press has run with it
2012-12-06 17:38:33 [Message] fib_1618 -> Chat: not to say that it isn't important to get your house in order
2012-12-06 17:38:50 [Message] fib_1618 -> Chat: but the whole thing is getting outrageous now
2012-12-06 17:39:19 [Message] fib_1618 -> Chat: unless one side blinks
2012-12-06 17:39:31 [Message] fib_1618 -> Chat: there will be no compromise
2012-12-06 17:39:41 [Message] fib_1618 -> Chat: and you can BET on that
2012-12-06 17:39:54 [Message] fib_1618 -> Chat: sigh
2012-12-06 17:39:58 [Message] fib_1618 -> Chat: OK..anything else?
2012-12-06 17:40:23 [Message] fib_1618 -> Chat: any good plays out there Lew?
2012-12-06 17:41:07 [Message] fib_1618 -> Chat: I'm really looking forward to this weekends data...should be interesting
2012-12-06 17:41:28 [Message] thespookyone -> Chat: I have SBUX, FSLR and bought MO calls today
2012-12-06 17:41:55 [Message] fib_1618 -> Chat: hmmm...all three have to do with heat!
2012-12-06 17:42:13 [Message] thespookyone -> Chat: uh oh, LOL
2012-12-06 17:42:18 [Message] fib_1618 -> Chat: you drink use one...and you smoke one
2012-12-06 17:42:50 [Message] fib_1618 -> Chat: and all are bad for you in large doses!
2012-12-06 17:42:55 [Message] fib_1618 -> Chat:
2012-12-06 17:43:02 [Message] thespookyone -> Chat:   LOL I'd like COF a couple bucks lower, even though the financials don't appear to be on the best ground here
2012-12-06 17:43:16 [Message] fib_1618 -> Chat: that will be our clue
2012-12-06 17:43:19 [Message] fib_1618 -> Chat: watch the banks
2012-12-06 17:43:43 [Message] fib_1618 -> Chat: for the bulls to show their muscle...they really need the financials behind them
2012-12-06 17:44:01 [Message] fib_1618 -> Chat: and if you're wondering
2012-12-06 17:44:06 [Message] fib_1618 -> Chat: if we do make new MCO highs
2012-12-06 17:44:17 [Message] fib_1618 -> Chat: the 11/16 bottom was the bottom
2012-12-06 17:44:25 [Message] fib_1618 -> Chat: we just got faked out by the swoon
2012-12-06 17:44:39 [Message] fib_1618 -> Chat: OK...with that
2012-12-06 17:44:44 [Message] fib_1618 -> Chat: I'm going to take off
2012-12-06 17:44:48 [Message] fib_1618 -> Chat: everyone have a great weekend!
2012-12-06 17:44:48 [Message] thespookyone -> Chat: I also bought KO, forgot to mention
2012-12-06 17:45:07 [Message] fib_1618 -> Chat: and we'll chat again on Tuesday....remember Tuesday, Wednesday and Thursday next week
2012-12-06 17:45:09 [Message] thespookyone -> Chat: thx
2012-12-06 17:45:57 [Message] fib_1618 -> Chat: good night

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