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fib_1618

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Reply with quote  #1 
2011-02-08 16:00:07 [Message] fib_1618 -> Chat: good day
2011-02-08 16:00:13 [Message] fib_1618 -> Chat: how is everyone?
2011-02-08 16:00:34 [Message] sp 112358 -> Chat: Well thank you and you?
2011-02-08 16:01:44 [Message] fib_1618 -> Chat: doing fine...
2011-02-08 16:01:48 [Message] fib_1618 -> Chat: what are you doing up Sam?
2011-02-08 16:01:55 [Message] fib_1618 -> Chat: can't sleep?
2011-02-08 16:02:28 [Message] sp 112358 -> Chat: I have something on my mind from the last chat...
2011-02-08 16:02:40 [Message] fib_1618 -> Chat: well...ask away
2011-02-08 16:03:00 [Message] sp 112358 -> Chat: Question...in the last chat you said ( at 22 minutes into the chat)..."the one thing we have to constantly keep remembering here is that the various MCSUM's have promised us an early March high". Could you please explain you how are able to tell the duration of a trend from the McSum's.
2011-02-08 16:03:25 [Message] fib_1618 -> Chat: OK...there are a couple of areas to cover for that projection
2011-02-08 16:03:39 [Message] fib_1618 -> Chat: the first one is that we had a 3 step Summation bull market signal
2011-02-08 16:03:52 [Message] fib_1618 -> Chat: let me refresh my memory on when that occurred
2011-02-08 16:04:39 [Message] fib_1618 -> Chat: September 2009
2011-02-08 16:04:53 [Message] fib_1618 -> Chat: these are rare events when this happens in the Summation
2011-02-08 16:05:07 [Message] fib_1618 -> Chat: and basically promises us 2-3 years of bull market behavior
2011-02-08 16:05:12 [Message] fib_1618 -> Chat: the March highs though
2011-02-08 16:05:26 [Message] fib_1618 -> Chat: are based on the breadth thrust we got back in September of last year
2011-02-08 16:05:33 [Message] fib_1618 -> Chat: as you know
2011-02-08 16:06:10 [Message] fib_1618 -> Chat: we have been pounding the table for over a month now that it would be important for the bulls to see the MCO move to higher highs in order to extend this time period for a probable top
2011-02-08 16:06:49 [Message] fib_1618 -> Chat: the thrust itself wasn't so much the forecasting tool here as it was the amount of energy that was generated by this follow up thrust to that of the initial move higher in July
2011-02-08 16:07:05 [Message] fib_1618 -> Chat: each breadth thrust gives us about 2 months of bull market action
2011-02-08 16:07:20 [Message] fib_1618 -> Chat: but this can also extend all dependent on when the engines are actually shut down
2011-02-08 16:07:35 [Message] fib_1618 -> Chat: you will also note
2011-02-08 16:07:45 [Message] fib_1618 -> Chat: that with the July advance in the NYSE breadth MCSUM
2011-02-08 16:07:51 [Message] fib_1618 -> Chat: we got another 3 step pattern that topped out in November
2011-02-08 16:08:37 [Message] fib_1618 -> Chat: this follow up 3 step is the reason why the market has had a very difficult time having a meaningful correction of any type
2011-02-08 16:08:52 [Message] fib_1618 -> Chat: now..I probably haven't answered your question properly
2011-02-08 16:09:11 [Message] fib_1618 -> Chat: because there really isn't an equation on how far one would expect a bull market advance to last as far as time is concerned
2011-02-08 16:09:48 [Message] fib_1618 -> Chat: but we can give a good estimate to this...and based on the double 3 step...I just added 2 months plus another 2 months to get us to March
2011-02-08 16:10:01 [Message] fib_1618 -> Chat: again...much of this is just a guideline
2011-02-08 16:10:28 [Message] fib_1618 -> Chat: but the energy that is created by excess liquidity is the driving force that allows us to make such time targets
2011-02-08 16:10:55 [Message] fib_1618 -> Chat: it's an estimate on how long it will take to burn off any momentum generated by these same fuel thrusts
2011-02-08 16:11:12 [Message] fib_1618 -> Chat: and then has to monitored as we go along for any "course adjustments" etc.
2011-02-08 16:11:22 [Message] fib_1618 -> Chat: make any sense?
2011-02-08 16:11:58 [Message] sp 112358 -> Chat: I will have to read it again, I am trying to apply it to the FTSE
2011-02-08 16:12:13 [Message] fib_1618 -> Chat: well...the FTSE is now at the zero line
2011-02-08 16:12:28 [Message] fib_1618 -> Chat: it and the DAX are pretty much neutral in here
2011-02-08 16:13:11 [Message] fib_1618 -> Chat: sorry to say that I don't have the data here to show...but I will make a note of it and upload a chart of the FTSE MCSUM for Thursday chat and we can review it then...fair?
2011-02-08 16:13:28 [Message] sp 112358 -> Chat: Yes, FTSE reached new marginal price high at lower AD line today
2011-02-08 16:13:51 [Message] fib_1618 -> Chat: that's been that way for a while...let me get the A/D chart
2011-02-08 16:14:04 [Message] sp 112358 -> Chat: I will send you some graphs as well or maybe I can upload them into the chat forum for all to see?
2011-02-08 16:14:29 [Message] fib_1618 -> Chat: http://www.technicalwatch.com/ad11/breadthftse020411.gif
2011-02-08 16:14:46 [Message] fib_1618 -> Chat: you keep something slightly different if I remember correctly
2011-02-08 16:14:55 [Message] fib_1618 -> Chat: the chart link above is for the FTSE 100 through last Friday
2011-02-08 16:15:20 [Message] sp 112358 -> Chat: Not much different
2011-02-08 16:15:34 [Message] fib_1618 -> Chat: OK...as long as have the "right look"
2011-02-08 16:15:47 [Message] fib_1618 -> Chat: so the FTSE moved to new highs but the A/D line did not?
2011-02-08 16:16:14 [Message] sp 112358 -> Chat: I haven't seen such a divergence in the ftse and spx mcsum's before...
2011-02-08 16:16:16 [Message] sp 112358 -> Chat: Yes
2011-02-08 16:16:29 [Message] fib_1618 -> Chat: yes...but in this business there will always be divergences
2011-02-08 16:16:56 [Message] sp 112358 -> Chat: I expect that but not this large...
2011-02-08 16:17:08 [Message] fib_1618 -> Chat: the important thing is whether is where the MCSUM lies in relation to this same divergent quotient
2011-02-08 16:17:10 [Message] sp 112358 -> Chat: But I guess it is different this time...!
2011-02-08 16:17:16 [Message] fib_1618 -> Chat: it's always different
2011-02-08 16:17:26 [Message] fib_1618 -> Chat: we just have to figure out in what way
2011-02-08 16:18:00 [Message] sp 112358 -> Chat: Anyway, leave that for next chat so all can see the graphics....
2011-02-08 16:18:19 [Message] fib_1618 -> Chat: remember...the larger the spread between the EMA's (higher MCSUM) the more time that will be needed for these same divergences to mean anything
2011-02-08 16:18:25 [Message] fib_1618 -> Chat: ok...
2011-02-08 16:18:42 [Message] fib_1618 -> Chat: any other questions or comments before we get started??
2011-02-08 16:21:21 [Message] numbersgame -> Chat: Dave, as a perma bear learning to be less of one from you, is this a time to consider long positions? What have you/are you doing w/ your cores?
2011-02-08 16:21:23 [Message] fib_1618 -> Chat: OK...let me get DP up and we'll get started
2011-02-08 16:21:44 [Message] fib_1618 -> Chat: I'm trading my cores
2011-02-08 16:22:02 [Message] fib_1618 -> Chat: but I'm basically moving in and out of sectors as they become more well received
2011-02-08 16:22:06 [Message] fib_1618 -> Chat: housing
2011-02-08 16:22:08 [Message] fib_1618 -> Chat: banking
2011-02-08 16:22:13 [Message] fib_1618 -> Chat: ummmm
2011-02-08 16:22:21 [Message] fib_1618 -> Chat: waiting for a renewed buy in the metals
2011-02-08 16:22:36 [Message] fib_1618 -> Chat: as we've talked about for several months now
2011-02-08 16:22:47 [Message] fib_1618 -> Chat: I would concentrate on those sectors that have been lagging the advance
2011-02-08 16:22:59 [Message] fib_1618 -> Chat: and I would be lightening up on the leaders
2011-02-08 16:23:01 [Message] fib_1618 -> Chat: oil
2011-02-08 16:23:09 [Message] fib_1618 -> Chat: industrials
2011-02-08 16:23:27 [Message] fib_1618 -> Chat: there is a tremendous amount of rotation going on now
2011-02-08 16:23:37 [Message] fib_1618 -> Chat: another sector to look is casinos
2011-02-08 16:23:41 [Message] numbersgame -> Chat: indeed, thanks
2011-02-08 16:23:44 [Message] fib_1618 -> Chat: as more cash means more spending
2011-02-08 16:23:51 [Message] fib_1618 -> Chat: here's the thing
2011-02-08 16:23:56 [Message] fib_1618 -> Chat: think logically
2011-02-08 16:24:00 [Message] fib_1618 -> Chat: watch the rotation
2011-02-08 16:24:20 [Message] fib_1618 -> Chat: the biggest advantage with DP is that sector strength is laid out for you on a daily basis
2011-02-08 16:24:52 [Message] fib_1618 -> Chat: so a daily or weekend review of things is always prudent so that you can see how money is moving and where it's going
2011-02-08 16:25:08 [Message] fib_1618 -> Chat: think contrarian
2011-02-08 16:25:26 [Message] fib_1618 -> Chat: if nobody is going to touch this or that, it's probably a good area to look at
2011-02-08 16:25:42 [Message] fib_1618 -> Chat: money made in the markets is hard going if everyone is looking at the same thing
2011-02-08 16:25:42 [Message] numbersgame -> Chat: I can't help but think when I go long, market will crash!
2011-02-08 16:26:13 [Message] numbersgame -> Chat: I know, MCSUM too high for that
2011-02-08 16:26:15 [Message] fib_1618 -> Chat: our job is to do a little homework and look at chart patterns that say something else is going on that needs our attention
2011-02-08 16:26:44 [Message] fib_1618 -> Chat: well...the MCSUM being as high as it is, for as long as it's been, is actually historic
2011-02-08 16:27:00 [Message] fib_1618 -> Chat: but as long as the MCSUM's remain above the +500 level
2011-02-08 16:27:33 [Message] fib_1618 -> Chat: we should continue to get sharp and short corrections, but the trend will remain to the upside as it's the path of LEAST resistance
2011-02-08 16:27:51 [Message] fib_1618 -> Chat: competition wise...it's hard to beat equities in the last 12 months
2011-02-08 16:27:59 [Message] fib_1618 -> Chat: and most importantly
2011-02-08 16:29:02 [Message] fib_1618 -> Chat: if the dollar is going to continue to be weaker because of monetary policy (POMO), then it's a good idea to be in something that will react to offset this same loss in value
2011-02-08 16:29:05 [Message] fib_1618 -> Chat: stocks
2011-02-08 16:29:12 [Message] fib_1618 -> Chat: ummmm commodities
2011-02-08 16:29:23 [Message] fib_1618 -> Chat: anything that is dollar denominated is a buy
2011-02-08 16:29:36 [Message] fib_1618 -> Chat: the kicker with equities though
2011-02-08 16:29:45 [Message] fib_1618 -> Chat: is that as the economy continues to get a foot hold here
2011-02-08 16:29:54 [Message] fib_1618 -> Chat: the dollar will start to strengthen
2011-02-08 16:30:07 [Message] fib_1618 -> Chat: and stocks will as well because they work off anticipated earnings
2011-02-08 16:30:38 [Message] fib_1618 -> Chat: the caveat there, however, is that a stronger dollar will tend to have foreign money withdraw from US assets
2011-02-08 16:30:46 [Message] fib_1618 -> Chat: it's never easy
2011-02-08 16:30:53 [Message] fib_1618 -> Chat: there's always something
2011-02-08 16:31:49 [Message] fib_1618 -> Chat: but using breadth data will tend to strip away the layers of the onion so that we can focus in on the meat of the vegetable
2011-02-08 16:32:12 [Message] fib_1618 -> Chat: here's the bottom line
2011-02-08 16:32:17 [Message] fib_1618 -> Chat: for some of you
2011-02-08 16:32:29 [Message] fib_1618 -> Chat: this is fairly fresh in its concept
2011-02-08 16:33:00 [Message] fib_1618 -> Chat: for others, you already have seen how market dynamics (the internals) can have a profound effect on the direction of stock prices
2011-02-08 16:33:22 [Message] fib_1618 -> Chat: what stops many from making money though is that we tend to focus on things that are just opinion
2011-02-08 16:33:38 [Message] fib_1618 -> Chat: how bad can debt get before we collapse?
2011-02-08 16:33:55 [Message] fib_1618 -> Chat: who's running the show politically?
2011-02-08 16:34:08 [Message] fib_1618 -> Chat: what's happening in the middle east?
2011-02-08 16:34:30 [Message] fib_1618 -> Chat: all of these things are nice to know, but the only thing that drives prices in one direction or the other is the money
2011-02-08 16:34:35 [Message] fib_1618 -> Chat: how much there is
2011-02-08 16:34:40 [Message] fib_1618 -> Chat: how it's being used
2011-02-08 16:34:56 [Message] fib_1618 -> Chat: where its moving to
2011-02-08 16:35:13 [Message] fib_1618 -> Chat: money knows what money likes and money likes to make more money
2011-02-08 16:35:35 [Message] fib_1618 -> Chat: so it's important to separate the wheat from the chafe
2011-02-08 16:35:54 [Message] fib_1618 -> Chat: otherwise you'll tend to starve
2011-02-08 16:36:10 [Message] fib_1618 -> Chat: you, of course, can have opinions
2011-02-08 16:36:13 [Message] fib_1618 -> Chat: we all do
2011-02-08 16:36:43 [Message] fib_1618 -> Chat: if you knew how bad business is in my circle you would be shaking your head in trying to understand how I can continue to be bullish
2011-02-08 16:37:09 [Message] fib_1618 -> Chat: but I've learned to separate what I see in the day to day from that of what actually moves stock prices
2011-02-08 16:37:25 [Message] fib_1618 -> Chat: the market could care less about your opinion
2011-02-08 16:37:29 [Message] fib_1618 -> Chat: and frankly
2011-02-08 16:37:38 [Message] fib_1618 -> Chat: it already knows what we know...and probably more than that
2011-02-08 16:38:01 [Message] fib_1618 -> Chat: and it's because of what it knows that just have to find a way to follow it
2011-02-08 16:38:16 [Message] fib_1618 -> Chat: the answers will always come later
2011-02-08 16:38:22 [Message] fib_1618 -> Chat: trading is not easy
2011-02-08 16:38:32 [Message] fib_1618 -> Chat: you have to fight yourself the majority of the time
2011-02-08 16:38:54 [Message] fib_1618 -> Chat: but this is where discipline is needed so that if your timing is wrong you can always come back another day
2011-02-08 16:39:04 [Message] fib_1618 -> Chat: right now
2011-02-08 16:39:06 [Message] fib_1618 -> Chat: the trend is up
2011-02-08 16:39:17 [Message] fib_1618 -> Chat: the trend has been up since last July
2011-02-08 16:39:22 [Message] fib_1618 -> Chat: to this juncture
2011-02-08 16:39:33 [Message] fib_1618 -> Chat: all upside targets based on breadth analysis have been met
2011-02-08 16:39:47 [Message] fib_1618 -> Chat: what we're waiting for is for new objectives
2011-02-08 16:40:06 [Message] fib_1618 -> Chat: but until we get those...we go with the path of least resistance until PROVEN otherwise
2011-02-08 16:40:34 [Message] fib_1618 -> Chat: we all know these market sayings
2011-02-08 16:40:50 [Message] fib_1618 -> Chat: sometimes, though, we don't fully appreciate what they convey
2011-02-08 16:41:01 [Message] fib_1618 -> Chat: for the last 6 months
2011-02-08 16:41:38 [Message] fib_1618 -> Chat: all we have been doing with these sessions is trying to find reasons why the market is no longer in a bullish configuration that would support higher prices
2011-02-08 16:41:53 [Message] fib_1618 -> Chat: we're not trying to find reasons that we should continue to go higher
2011-02-08 16:41:59 [Message] fib_1618 -> Chat: that's already a given
2011-02-08 16:42:09 [Message] fib_1618 -> Chat: but, eventually, all things come to an end
2011-02-08 16:42:28 [Message] fib_1618 -> Chat: but it doesn't seem that this is the time to expect an ending to the current advance
2011-02-08 16:42:45 [Message] fib_1618 -> Chat: if we get higher highs on the MCO's as we've been noting now for the last two weeks
2011-02-08 16:42:58 [Message] fib_1618 -> Chat: then the March time period for a possible top will be extended
2011-02-08 16:43:04 [Message] fib_1618 -> Chat: but if we don't
2011-02-08 16:43:36 [Message] fib_1618 -> Chat: then we're really going to zero in and look for enough evidence to firm up this same topping objective
2011-02-08 16:43:45 [Message] fib_1618 -> Chat: it's a day to day thing
2011-02-08 16:43:56 [Message] fib_1618 -> Chat: the market is a living entity and just as fickle
2011-02-08 16:44:08 [Message] fib_1618 -> Chat: all we're doing is taking its pulse
2011-02-08 16:44:24 [Message] fib_1618 -> Chat: and the pulse right now remains strong and stable
2011-02-08 16:44:44 [Message] fib_1618 -> Chat: OK...any other questions or concerns??
2011-02-08 16:45:05 [Message] fib_1618 -> Chat: and the best thing about all this
2011-02-08 16:45:30 [Message] fib_1618 -> Chat: besides being the only place around where we've been constantly been correct in our bull call
2011-02-08 16:46:10 [Message] fib_1618 -> Chat: is that we can substantiate the reason(s) why this is the most likely scenario that would make the most amount of (dollars and) sense
2011-02-08 16:46:35 [Message] fib_1618 -> Chat: and how powerful the McClellan tools actually are in all of this
2011-02-08 16:46:47 [Message] fib_1618 -> Chat: the downside here
2011-02-08 16:47:16 [Message] fib_1618 -> Chat: is that we've really haven't much in the way of changes over the last several months to keep from sounding like a broken record
2011-02-08 16:47:32 [Message] fib_1618 -> Chat: but that's not usual and customary...that IS different
2011-02-08 16:47:59 [Message] fib_1618 -> Chat: anyway...let me get DP up
2011-02-08 16:48:14 [Message] fib_1618 -> Chat: oh...one more thing
2011-02-08 16:48:27 [Message] fib_1618 -> Chat: for those who don't have the weekly breadth data to work with
2011-02-08 16:48:46 [Message] fib_1618 -> Chat: the common only NYSE breadth A/D line just went to new all time highs today
2011-02-08 16:49:08 [Message] fib_1618 -> Chat: eclipsing the highs of 2007
2011-02-08 16:49:17 [Message] thespookyone -> Chat: wow
2011-02-08 16:49:36 [Message] fib_1618 -> Chat: here's the chart from last Friday - http://www.technicalwatch.com/ad11/breadthdjia020411.gif
2011-02-08 16:49:44 [Message] fib_1618 -> Chat: making history
2011-02-08 16:49:55 [Message] fib_1618 -> Chat: and now that we're in the clear
2011-02-08 16:50:09 [Message] fib_1618 -> Chat: the commons are going to take a more important roll moving forward
2011-02-08 16:50:19 [Message] fib_1618 -> Chat: which usually means
2011-02-08 16:50:40 [Message] fib_1618 -> Chat: we're going to see economic expansion here that will probably surprise the majority
2011-02-08 16:51:01 [Message] fib_1618 -> Chat: I'm watching the Bond CEF's though
2011-02-08 16:51:15 [Message] fib_1618 -> Chat: as they might be on the verge of re-initiating their uptrend
2011-02-08 16:51:18 [Message] fib_1618 -> Chat: and if this happens
2011-02-08 16:51:46 [Message] fib_1618 -> Chat: any talk of fall weakness will become a lower probability
2011-02-08 16:51:53 [Message] fib_1618 -> Chat: and with it
2011-02-08 16:52:01 [Message] fib_1618 -> Chat: interest rates will move back lower again
2011-02-08 16:52:22 [Message] fib_1618 -> Chat: and this will continue to make money cheap enough to look for areas of better investment
2011-02-08 16:52:30 [Message] fib_1618 -> Chat: and that usually means stocks
2011-02-08 16:54:43 [Message] fib_1618 -> Chat: one last item on the new highs today on the NYSE common only A/D line
2011-02-08 16:55:12 [Message] fib_1618 -> Chat: not only do we now have all of the NYSE A/D lines in new all time highs (raw, ratio adjusted, and common)
2011-02-08 16:55:25 [Message] fib_1618 -> Chat: but since we have these new highs across the board
2011-02-08 16:55:38 [Message] fib_1618 -> Chat: we no longer have any bearish A/D line divergences tow work with
2011-02-08 16:55:42 [Message] fib_1618 -> Chat: which means
2011-02-08 16:55:51 [Message] fib_1618 -> Chat: if history is any indication
2011-02-08 16:56:15 [Message] fib_1618 -> Chat: we won't see another bear market until we see divergence in all three of these lines
2011-02-08 16:56:36 [Message] fib_1618 -> Chat: since there's never been a bear market of any magnitude without this same divergence
2011-02-08 16:57:08 [Message] fib_1618 -> Chat: usually...it can take anywhere from 2-4 months between the actual A/D line top to it's divergence to appear
2011-02-08 16:57:18 [Message] fib_1618 -> Chat: so taking this logic one step further
2011-02-08 16:57:47 [Message] fib_1618 -> Chat: the anticipated March highs, as far as time is concerned, are likely to be blown out fairly soon
2011-02-08 16:57:49 [Message] fib_1618 -> Chat: and with it
2011-02-08 16:58:12 [Message] fib_1618 -> Chat: our original time objective of late spring for a top will become front and center
2011-02-08 16:58:16 [Message] fib_1618 -> Chat: and more than likely
2011-02-08 16:58:30 [Message] fib_1618 -> Chat: we're going to challenge the 2007 price highs during this time period
2011-02-08 16:58:51 [Message] fib_1618 -> Chat: (whew)
2011-02-08 16:59:02 [Message] manuj -> Chat: POMO ends in Jun/Jul I think. it may coincide with that?
2011-02-08 16:59:07 [Message] fib_1618 -> Chat: so an important day today that very few know about
2011-02-08 16:59:28 [Message] fib_1618 -> Chat: maybe you folks and a couple of others to be honest
2011-02-08 16:59:53 [Message] fib_1618 -> Chat: Randy...Tom McClellan...maybe Carl Swenlin
2011-02-08 17:00:12 [Message] fib_1618 -> Chat: not too many since this data isn't readily available
2011-02-08 17:00:29 [Message] fib_1618 -> Chat: POMO may conclude in early summer
2011-02-08 17:00:56 [Message] fib_1618 -> Chat: but today's POMO won't really be felt until sometime next year
2011-02-08 17:01:14 [Message] fib_1618 -> Chat: remember what the FED is doing here is a debt exchange
2011-02-08 17:01:34 [Message] fib_1618 -> Chat: taking bonds out of circulation and replacing these issues with cash
2011-02-08 17:01:50 [Message] fib_1618 -> Chat: if everything is fully valued with the current amount of liquidity in the system
2011-02-08 17:02:10 [Message] fib_1618 -> Chat: it then moves to the first asset class that is the markets bypass
2011-02-08 17:02:14 [Message] fib_1618 -> Chat: and that is.....?
2011-02-08 17:02:30 [Message] PriceWatcher -> Chat: bullion
2011-02-08 17:02:30 [Message] thespookyone -> Chat: gold
2011-02-08 17:02:34 [Message] fib_1618 -> Chat: correct
2011-02-08 17:02:42 [Message] fib_1618 -> Chat: and what has gold been doing in the last week or so?
2011-02-08 17:03:07 [Message] fib_1618 -> Chat: POMO today is not likely to be going into equities
2011-02-08 17:03:19 [Message] fib_1618 -> Chat: there's just too much cash out there right now...
2011-02-08 17:03:30 [Message] fib_1618 -> Chat: now, with that said
2011-02-08 17:03:59 [Message] fib_1618 -> Chat: I wouldn't be surprised if we'll start to hear from those who have been wrong about the markets direction for the last several months
2011-02-08 17:04:21 [Message] fib_1618 -> Chat: now look to this ending of POMO as grounds that it will be THEN when we'll get our correction
2011-02-08 17:04:28 [Message] fib_1618 -> Chat: you watch...and listen
2011-02-08 17:05:05 [Message] fib_1618 -> Chat: it's only human nature that if you're wrong about something you will always find an excuse on why the market was wrong but they were not
2011-02-08 17:05:22 [Message] manuj -> Chat: very true
2011-02-08 17:05:28 [Message] fib_1618 -> Chat: when we should get concerned is when these same folks throw in the towel
2011-02-08 17:05:33 [Message] fib_1618 -> Chat: and climb on board
2011-02-08 17:05:39 [Message] fib_1618 -> Chat: like the big bears did in 2007
2011-02-08 17:05:43 [Message] fib_1618 -> Chat: after a 4 year bull
2011-02-08 17:06:25 [Message] fib_1618 -> Chat: it's important to be open to new and different ideas that not necessarily something you would read in a book or the newspaper
2011-02-08 17:06:30 [Message] fib_1618 -> Chat: no less a market news letter
2011-02-08 17:06:54 [Message] fib_1618 -> Chat: the proof, of course, is when you see something different work consistently
2011-02-08 17:07:18 [Message] fib_1618 -> Chat: eventually...you start to recognize what's important and what's not
2011-02-08 17:07:41 [Message] fib_1618 -> Chat: and hopefully you do before every one else understands the same thing
2011-02-08 17:08:03 [Message] fib_1618 -> Chat: have you noticed that more and more posts on message boards are saying the TA doesn't work anymore?
2011-02-08 17:08:12 [Message] thespookyone -> Chat: yep
2011-02-08 17:08:30 [Message] fib_1618 -> Chat: this was something we talked about happening back in October of last year
2011-02-08 17:09:02 [Message] fib_1618 -> Chat: that the market was strong enough that as each price level of importance is taken out, people would start to question the importance of technical analysis
2011-02-08 17:09:06 [Message] fib_1618 -> Chat: and here we are
2011-02-08 17:09:17 [Message] fib_1618 -> Chat: instead of trying to figure out what they may be missing
2011-02-08 17:09:20 [Message] fib_1618 -> Chat: and then...
2011-02-08 17:09:55 [Message] fib_1618 -> Chat: they try to reinforce this bad behavior by quoting chapter and verse on how the fundamentals are terrible
2011-02-08 17:10:03 [Message] fib_1618 -> Chat: that the market has no business doing what its doing
2011-02-08 17:10:15 [Message] fib_1618 -> Chat: and the market keeps feeding off this
2011-02-08 17:10:21 [Message] fib_1618 -> Chat: setting a floor
2011-02-08 17:10:26 [Message] fib_1618 -> Chat: and then another one
2011-02-08 17:10:29 [Message] fib_1618 -> Chat: and another one
2011-02-08 17:10:35 [Message] fib_1618 -> Chat: remember...stair stepping?
2011-02-08 17:10:55 [Message] fib_1618 -> Chat: now, however, as we're definitely starting to really accelerate here
2011-02-08 17:11:19 [Message] fib_1618 -> Chat: something that we talked about - what? - 3 weeks ago when we were talking about the angles of ascent?
2011-02-08 17:11:55 [Message] fib_1618 -> Chat: TA only works if you're neutral and respect what you see for what it MAY imply
2011-02-08 17:12:09 [Message] fib_1618 -> Chat: easy to say
2011-02-08 17:12:15 [Message] fib_1618 -> Chat: harder to do..I know
2011-02-08 17:12:47 [Message] fib_1618 -> Chat: but eventually, when you work with it long enough, you start to change your attitude
2011-02-08 17:12:57 [Message] fib_1618 -> Chat: wow...we should review the data
2011-02-08 17:12:59 [Message] fib_1618 -> Chat: here we go
2011-02-08 17:13:22 [Message] fib_1618 -> Chat: after snapping back to the zero line last week
2011-02-08 17:13:44 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO was indeed able to move to 2 month highs
2011-02-08 17:14:11 [Message] fib_1618 -> Chat: this move higher also violated the declining tops line that was controlling the pattern since that time
2011-02-08 17:14:28 [Message] fib_1618 -> Chat: as we have been reviewing for the last several weeks
2011-02-08 17:14:54 [Message] fib_1618 -> Chat: the important hurdle here remains with the +50 level
2011-02-08 17:15:06 [Message] fib_1618 -> Chat: if we're able to move above this level
2011-02-08 17:15:24 [Message] fib_1618 -> Chat: this would be enough thrust where new upside price objectives would then be given
2011-02-08 17:15:39 [Message] fib_1618 -> Chat: and would also extend the time needed to reach these same objectives
2011-02-08 17:16:10 [Message] fib_1618 -> Chat: at this point, however, the likelihood of our moving beyond the early March period has now increased substantially
2011-02-08 17:16:19 [Message] fib_1618 -> Chat: where all that's missing now is a clear breakout confirmation
2011-02-08 17:16:34 [Message] fib_1618 -> Chat: for the intermediate term
2011-02-08 17:16:49 [Message] fib_1618 -> Chat: the CO NYSE breadth MCSUM still has some work ahead of it
2011-02-08 17:17:02 [Message] fib_1618 -> Chat: but knowing the the CO A/D line itself is at new all time highs
2011-02-08 17:17:32 [Message] fib_1618 -> Chat: it's very likely now that we're not going to have too many problems on at least challenging +750 level
2011-02-08 17:17:40 [Message] fib_1618 -> Chat: but even more so...exceed this area
2011-02-08 17:18:10 [Message] fib_1618 -> Chat: looking at the MCO pattern overall
2011-02-08 17:18:32 [Message] fib_1618 -> Chat: we still have a nice series of bottoms above bottoms controlling the pattern from last May
2011-02-08 17:18:52 [Message] fib_1618 -> Chat: the time in which everyone thought that we were going into the abyss
2011-02-08 17:19:10 [Message] fib_1618 -> Chat: where new all time lows in the traditional NYSE MCO were seen
2011-02-08 17:19:32 [Message] fib_1618 -> Chat: which was scary...but also was a time for a solid bottom to form
2011-02-08 17:19:54 [Message] fib_1618 -> Chat: it's funny really
2011-02-08 17:20:00 [Message] fib_1618 -> Chat: looking at the daily chart
2011-02-08 17:20:16 [Message] fib_1618 -> Chat: how small the "flash crash" looks now in the bigger picture
2011-02-08 17:21:02 [Message] fib_1618 -> Chat: and how much even smaller it's going look like as time passes...sort of like the crash of 87 looks on a monthly chart
2011-02-08 17:21:45 [Message] fib_1618 -> Chat: the composite NYSE breadth MCO is also challenging the winter highs of last year
2011-02-08 17:21:49 [Message] fib_1618 -> Chat: however
2011-02-08 17:21:56 [Message] fib_1618 -> Chat: if we look at the NYSE breadth MCSUM
2011-02-08 17:22:14 [Message] fib_1618 -> Chat: we see here that we moved to new reaction highs today taking out January highs
2011-02-08 17:22:36 [Message] fib_1618 -> Chat: so today's price highs were confirmed on an intermediate term basis
2011-02-08 17:22:58 [Message] fib_1618 -> Chat: which should be enough to push us into an early April high time objective
2011-02-08 17:23:29 [Message] fib_1618 -> Chat: and looking closely at the NYSE breadth MCSUM
2011-02-08 17:23:58 [Message] fib_1618 -> Chat: today's gap higher is probably the largest one we've seen since the mid November correctional sequence
2011-02-08 17:24:18 [Message] fib_1618 -> Chat: this is important information to know as it suggests that the bulls are finally beginning to flex their muscles
2011-02-08 17:24:46 [Message] fib_1618 -> Chat: something of which we talked about last week as being an important time period for something like this to happen
2011-02-08 17:25:25 [Message] fib_1618 -> Chat: the NASDAQ breadth MCO also moved higher today off its zero line
2011-02-08 17:25:38 [Message] fib_1618 -> Chat: but more importantly
2011-02-08 17:26:09 [Message] fib_1618 -> Chat: today's move higher violated the declining tops pattern seen on the chart since the December highs
2011-02-08 17:26:25 [Message] fib_1618 -> Chat: this is a highly bullish event given the structure
2011-02-08 17:26:51 [Message] fib_1618 -> Chat: and minus any near term snapback attempt to test this same line of violation tomorrow
2011-02-08 17:27:16 [Message] fib_1618 -> Chat: we could be in store for a significant upside move in the secondary stocks as a result of this same violation
2011-02-08 17:27:35 [Message] fib_1618 -> Chat: anyone remember what the upside targets were for the NASDAQ that we talked about 2 months ago?
2011-02-08 17:27:39 [Message] fib_1618 -> Chat: was it 3700?
2011-02-08 17:27:44 [Message] fib_1618 -> Chat: something like that?
2011-02-08 17:27:57 [Message] fib_1618 -> Chat: I would have to review the chats again
2011-02-08 17:28:18 [Message] fib_1618 -> Chat: but I know it was something significant if we were able to break above the +500 level on the NASDAQ breadth MCSUM
2011-02-08 17:28:23 [Message] thespookyone -> Chat: 4200
2011-02-08 17:28:28 [Message] fib_1618 -> Chat: that high?
2011-02-08 17:28:32 [Message] fib_1618 -> Chat: wow
2011-02-08 17:28:42 [Message] fib_1618 -> Chat: that would throw the bears for a loop
2011-02-08 17:28:44 [Message] thespookyone -> Chat: I think so
2011-02-08 17:29:07 [Message] fib_1618 -> Chat: it would also CONFIRM a primary to cycle wave 3 up
2011-02-08 17:29:27 [Message] fib_1618 -> Chat: given anticipated dollar weakness to continue
2011-02-08 17:29:38 [Message] fib_1618 -> Chat: plus the math of how the weighted averages are figured
2011-02-08 17:29:40 [Message] fib_1618 -> Chat: could be
2011-02-08 17:29:49 [Message] fib_1618 -> Chat: look at the Dow divisor now
2011-02-08 17:29:55 [Message] fib_1618 -> Chat: it's like super small
2011-02-08 17:30:23 [Message] fib_1618 -> Chat: wonder what would happen if they juggle the Dow components to get AAPL in there?
2011-02-08 17:30:29 [Message] fib_1618 -> Chat: hmmmm
2011-02-08 17:30:36 [Message] PriceWatcher -> Chat: what is the Dow divisor?
2011-02-08 17:30:51 [Message] fib_1618 -> Chat: what IS it or what is IT?
2011-02-08 17:30:56 [Message] fib_1618 -> Chat:
2011-02-08 17:31:03 [Message] PriceWatcher -> Chat:
2011-02-08 17:31:18 [Message] fib_1618 -> Chat: I would have to look it up...let me see if I can find it quickly
2011-02-08 17:31:48 [Message] PriceWatcher -> Chat: I know how the weighted averages are calculated, but Dow is not weighted, right?
2011-02-08 17:32:18 [Message] fib_1618 -> Chat: well...it's weighted
2011-02-08 17:32:30 [Message] fib_1618 -> Chat: as each component has its say
2011-02-08 17:32:42 [Message] fib_1618 -> Chat: but the total division includes splits and dividends
2011-02-08 17:32:54 [Message] fib_1618 -> Chat: this from 2009 - 0.125552709
2011-02-08 17:33:46 [Message] fib_1618 -> Chat: this from 2008 - 132419125
2011-02-08 17:33:54 [Message] fib_1618 -> Chat: you can look it up
2011-02-08 17:33:56 [Message] fib_1618 -> Chat: anyway
2011-02-08 17:34:17 [Message] fib_1618 -> Chat: it's really small to the point if you even breath on the average it will be worth 1%
2011-02-08 17:34:54 [Message] PriceWatcher -> Chat: I checked it. How does the Dow divisor fluctuate over time. Does it trend with the Dow itself?
2011-02-08 17:34:59 [Message] PriceWatcher -> Chat: Thanks
2011-02-08 17:35:03 [Message] PriceWatcher -> Chat:
2011-02-08 17:35:04 [Message] fib_1618 -> Chat: http://en.wikipedia.org/wiki/DJIA_divisor
2011-02-08 17:35:20 [Message] PriceWatcher -> Chat: That is what I found also
2011-02-08 17:35:30 [Message] fib_1618 -> Chat: no...it's adjusted based on market cap and any splits
2011-02-08 17:35:43 [Message] fib_1618 -> Chat: there's a better tutorial but can't find it
2011-02-08 17:36:31 [Message] fib_1618 -> Chat: anyway
2011-02-08 17:36:52 [Message] fib_1618 -> Chat: it's important in that price levels like 25,000 can happen easily
2011-02-08 17:37:04 [Message] fib_1618 -> Chat: and 45,000
2011-02-08 17:37:06 [Message] PriceWatcher -> Chat: Wow
2011-02-08 17:37:19 [Message] fib_1618 -> Chat: even Wolanchuk's 100,000
2011-02-08 17:37:29 [Message] fib_1618 -> Chat: but it's all relative
2011-02-08 17:37:38 [Message] fib_1618 -> Chat: currency and such
2011-02-08 17:37:41 [Message] fib_1618 -> Chat: inflation
2011-02-08 17:37:51 [Message] fib_1618 -> Chat: it's just a number
2011-02-08 17:38:03 [Message] fib_1618 -> Chat: the key here is just keep making money
2011-02-08 17:38:10 [Message] fib_1618 -> Chat: and the number really doesn't matter
2011-02-08 17:38:31 [Message] thespookyone -> Chat: exciting times, none the less
2011-02-08 17:38:36 [Message] fib_1618 -> Chat: the NDX breadth MCO is also challenging its 2010 highs
2011-02-08 17:38:39 [Message] fib_1618 -> Chat: yup - it's really amazing
2011-02-08 17:38:50 [Message] PriceWatcher -> Chat: OK. I guess it would also mean that an eventual decline could be big as well.
2011-02-08 17:38:52 [Message] fib_1618 -> Chat: who would had thought...
2011-02-08 17:38:58 [Message] fib_1618 -> Chat: absolutely
2011-02-08 17:39:00 [Message] fib_1618 -> Chat: IF
2011-02-08 17:39:03 [Message] fib_1618 -> Chat: money leads the way
2011-02-08 17:39:07 [Message] fib_1618 -> Chat: but until that happens
2011-02-08 17:39:10 [Message] PriceWatcher -> Chat: Sure
2011-02-08 17:39:11 [Message] thespookyone -> Chat: I was speculating a while back...
2011-02-08 17:39:14 [Message] fib_1618 -> Chat: yea
2011-02-08 17:39:31 [Message] fib_1618 -> Chat: on...?
2011-02-08 17:39:38 [Message] thespookyone -> Chat: WAVE #
2011-02-08 17:39:41 [Message] thespookyone -> Chat: 3
2011-02-08 17:39:53 [Message] fib_1618 -> Chat: not so much speculation anymore, is it?
2011-02-08 17:39:58 [Message] thespookyone -> Chat: no
2011-02-08 17:40:02 [Message] fib_1618 -> Chat: scary (in a good way)
2011-02-08 17:40:12 [Message] thespookyone -> Chat: but I was front running pretty well LOL
2011-02-08 17:40:18 [Message] fib_1618 -> Chat: we all have
2011-02-08 17:40:46 [Message] fib_1618 -> Chat: the one thing that makes this big melt up worth thinking about is the all time highs in breadth
2011-02-08 17:41:01 [Message] fib_1618 -> Chat: after all...breadth leads price...right?
2011-02-08 17:41:09 [Message] thespookyone -> Chat: I just want to be right on the rotation
2011-02-08 17:41:12 [Message] thespookyone -> Chat: YES
2011-02-08 17:41:21 [Message] fib_1618 -> Chat: I just want to be in position
2011-02-08 17:41:26 [Message] fib_1618 -> Chat: I want singles
2011-02-08 17:41:34 [Message] fib_1618 -> Chat: if I get a home run...great
2011-02-08 17:41:43 [Message] fib_1618 -> Chat: but my focus continues to be getting on base
2011-02-08 17:41:47 [Message] fib_1618 -> Chat: hit for average
2011-02-08 17:42:02 [Message] fib_1618 -> Chat: the doubles, triples and home runs will come as long as I make contact
2011-02-08 17:42:18 [Message] fib_1618 -> Chat: and keep my misses (strike outs) small
2011-02-08 17:42:51 [Message] thespookyone -> Chat: AAPL sure isn't lacking thrust
2011-02-08 17:43:01 [Message] fib_1618 -> Chat: are you kidding?
2011-02-08 17:43:07 [Message] fib_1618 -> Chat: I don't know if you heard or not
2011-02-08 17:43:15 [Message] fib_1618 -> Chat: while you were sunning down south
2011-02-08 17:43:15 [Message] thespookyone -> Chat: TV
2011-02-08 17:43:23 [Message] fib_1618 -> Chat: probably on your island in which you haven't invited me as yet
2011-02-08 17:43:37 [Message] thespookyone -> Chat: was browsing a bit
2011-02-08 17:43:40 [Message] fib_1618 -> Chat: but did you hear
2011-02-08 17:44:12 [Message] fib_1618 -> Chat: that Verizon has sold out on all of their pre sales on the iPhone?
2011-02-08 17:44:19 [Message] thespookyone -> Chat: no, wow
2011-02-08 17:44:20 [Message] fib_1618 -> Chat: sold
2011-02-08 17:44:21 [Message] fib_1618 -> Chat: out
2011-02-08 17:44:23 [Message] fib_1618 -> Chat: gone
2011-02-08 17:44:30 [Message] fib_1618 -> Chat: they have none to sell
2011-02-08 17:44:38 [Message] fib_1618 -> Chat: until maybe May
2011-02-08 17:44:41 [Message] thespookyone -> Chat: jeez!
2011-02-08 17:45:03 [Message] fib_1618 -> Chat: any bets that AAPL will sell close to 10 million iPhones this quarter?
2011-02-08 17:45:19 [Message] thespookyone -> Chat: I saw they are going to make AAPL TV's
2011-02-08 17:45:31 [Message] fib_1618 -> Chat: it's like what MSFT is doing
2011-02-08 17:46:05 [Message] fib_1618 -> Chat: it's setting up your entire life to work seamlessly between home, car, and business
2011-02-08 17:46:20 [Message] fib_1618 -> Chat: it's what AT&T is trying to do with Uverse
2011-02-08 17:46:34 [Message] fib_1618 -> Chat: all I can say
2011-02-08 17:46:48 [Message] fib_1618 -> Chat: and I don't anything to compare with
2011-02-08 17:47:06 [Message] fib_1618 -> Chat: but this iPhone I got is "dope"
2011-02-08 17:47:11 [Message] fib_1618 -> Chat:
2011-02-08 17:47:16 [Message] PriceWatcher -> Chat:
2011-02-08 17:47:23 [Message] thespookyone -> Chat: nice
2011-02-08 17:47:24 [Message] fib_1618 -> Chat: I really don't need a laptop anymore
2011-02-08 17:47:35 [Message] fib_1618 -> Chat: and if you want something a bit bigger...you get the iPad (in which they're working on a new version as we speak)
2011-02-08 17:47:46 [Message] fib_1618 -> Chat: and you don't have to worry about viruses like you do with the droid
2011-02-08 17:48:10 [Message] fib_1618 -> Chat: (plus you don't have worry about the boys and girls at Google either)
2011-02-08 17:48:18 [Message] fib_1618 -> Chat: anyway
2011-02-08 17:48:24 [Message] fib_1618 -> Chat: back to the charts
2011-02-08 17:49:10 [Message] fib_1618 -> Chat: notice that with the exception of the SML, all of the MCO breadth charts are now challenging their November/December highs
2011-02-08 17:49:27 [Message] fib_1618 -> Chat: this is important information to know since it shows us that the internals are in sync with each other
2011-02-08 17:49:35 [Message] fib_1618 -> Chat: which makes it easier to move prices in this same direction
2011-02-08 17:50:11 [Message] fib_1618 -> Chat: if we get our breakout this week...then we're not likely to see a price top of any kind until we get closer to the 2007 highs
2011-02-08 17:50:19 [Message] fib_1618 -> Chat: from there...who knows?
2011-02-08 17:50:46 [Message] fib_1618 -> Chat: a quick look at the volume MCO's
2011-02-08 17:51:01 [Message] fib_1618 -> Chat: and we can see that here too we have broken above the series of declining tops
2011-02-08 17:51:37 [Message] fib_1618 -> Chat: except the OEX volume MCO
2011-02-08 17:52:26 [Message] fib_1618 -> Chat: and depending on how you measure, the TM volume MCO as well
2011-02-08 17:52:35 [Message] thespookyone -> Chat: what about the XLE?
2011-02-08 17:52:38 [Message] fib_1618 -> Chat: but...we are seeing better volume plurality now
2011-02-08 17:52:42 [Message] fib_1618 -> Chat: let me look
2011-02-08 17:53:05 [Message] fib_1618 -> Chat: here's the thing with the XLE
2011-02-08 17:53:10 [Message] fib_1618 -> Chat: the MCSUM's are so high now
2011-02-08 17:53:21 [Message] fib_1618 -> Chat: that 1) we're likely to top at any moment and 2) even if we do, as we have learned, this will not put a lid on prices for a while
2011-02-08 17:53:50 [Message] fib_1618 -> Chat: using the 4 month offset of gold to oil
2011-02-08 17:54:04 [Message] fib_1618 -> Chat: and we're likely to see a sideways top start to form next month
2011-02-08 17:54:08 [Message] fib_1618 -> Chat: and last for 2 months
2011-02-08 17:54:28 [Message] fib_1618 -> Chat: so...I see nothing there as a problem for the next month or so
2011-02-08 17:54:30 [Message] fib_1618 -> Chat: however
2011-02-08 17:54:41 [Message] fib_1618 -> Chat: as we briefly talked about earlier
2011-02-08 17:55:05 [Message] fib_1618 -> Chat: there may be some other sectors that we'll get more bang for our money in their effort to play catch up
2011-02-08 17:55:08 [Message] thespookyone -> Chat: I think it supports your take to move from oils
2011-02-08 17:55:13 [Message] fib_1618 -> Chat: so...a little here...a little there
2011-02-08 17:55:16 [Message] fib_1618 -> Chat: yes
2011-02-08 17:55:23 [Message] fib_1618 -> Chat: everything rotates
2011-02-08 17:55:32 [Message] fib_1618 -> Chat: but has nowhere to go
2011-02-08 17:55:41 [Message] fib_1618 -> Chat: so it gets invested internally
2011-02-08 17:55:54 [Message] fib_1618 -> Chat: watch the XLF here folks
2011-02-08 17:55:58 [Message] fib_1618 -> Chat: we're about to breakout to the upside
2011-02-08 17:56:14 [Message] fib_1618 -> Chat: FAS could be a good product to work with
2011-02-08 17:56:16 [Message] fib_1618 -> Chat: but remember
2011-02-08 17:56:34 [Message] fib_1618 -> Chat: if you get a 8-10% one day move in this product...BANK
2011-02-08 17:56:49 [Message] fib_1618 -> Chat: FAS is a product that is reset to zero each day
2011-02-08 17:57:02 [Message] fib_1618 -> Chat: it is not a trend following product
2011-02-08 17:57:25 [Message] fib_1618 -> Chat: it gets its pricing by the trends of the components that make up the product
2011-02-08 17:57:32 [Message] fib_1618 -> Chat: and weighted to boot
2011-02-08 17:57:59 [Message] fib_1618 -> Chat: CVI's getting close to frothy
2011-02-08 17:58:09 [Message] fib_1618 -> Chat: STVO's getting a little "overbought" now
2011-02-08 17:58:19 [Message] fib_1618 -> Chat: VTO's continue to suggest a strong uptrend
2011-02-08 17:58:31 [Message] fib_1618 -> Chat: NYSE TRIN at .95
2011-02-08 17:58:42 [Message] fib_1618 -> Chat: Open 10 at 1.04
2011-02-08 17:58:46 [Message] fib_1618 -> Chat: still "oversold"
2011-02-08 17:59:00 [Message] fib_1618 -> Chat: this is what's meant as "correcting on the fly"
2011-02-08 17:59:16 [Message] fib_1618 -> Chat: where something like the Open 10 goes to "oversold" but prices continue to churn higher
2011-02-08 17:59:28 [Message] fib_1618 -> Chat: NASDAQ TRIN at 1.11
2011-02-08 17:59:38 [Message] fib_1618 -> Chat: Open 10 at .83
2011-02-08 17:59:59 [Message] fib_1618 -> Chat: close to "overbought" but still lots of room for prices to go higher
2011-02-08 18:00:09 [Message] fib_1618 -> Chat: TM TRIN at 1.10
2011-02-08 18:00:19 [Message] fib_1618 -> Chat: Open 10 at .91 - neutral
2011-02-08 18:00:21 [Message] fib_1618 -> Chat: so....
2011-02-08 18:00:27 [Message] fib_1618 -> Chat: "snort"
2011-02-08 18:00:42 [Message] fib_1618 -> Chat: the bulls continue to control the tempo and pulse of the market
2011-02-08 18:00:49 [Message] fib_1618 -> Chat: until this changes...go with the flow
2011-02-08 18:00:57 [Message] fib_1618 -> Chat: anything else?
2011-02-08 18:01:09 [Message] numbersgame -> Chat: thank you
2011-02-08 18:01:15 [Message] tracca -> Chat: thank you indeed
2011-02-08 18:01:24 [Message] fib_1618 -> Chat: for you Larry
2011-02-08 18:01:35 [Message] fib_1618 -> Chat: you are a technician first and foremost
2011-02-08 18:01:44 [Message] fib_1618 -> Chat: you know what a good chart pattern looks like
2011-02-08 18:01:50 [Message] fib_1618 -> Chat: let that be your guide
2011-02-08 18:02:00 [Message] fib_1618 -> Chat: just know that the market environment remains friendly overall
2011-02-08 18:02:04 [Message] fib_1618 -> Chat: speaking of which
2011-02-08 18:02:18 [Message] fib_1618 -> Chat: did you see how this weeks ETS went from 60 to 90%?
2011-02-08 18:02:26 [Message] numbersgame -> Chat: yes
2011-02-08 18:02:31 [Message] fib_1618 -> Chat: 90% is a strong buy
2011-02-08 18:02:40 [Message] fib_1618 -> Chat: just be disciplined
2011-02-08 18:02:44 [Message] fib_1618 -> Chat: this is your job
2011-02-08 18:02:48 [Message] fib_1618 -> Chat: treat it as such
2011-02-08 18:03:05 [Message] fib_1618 -> Chat: find the issue that will give you the best possible odds of success
2011-02-08 18:03:08 [Message] fib_1618 -> Chat: and that usually means
2011-02-08 18:03:15 [Message] fib_1618 -> Chat: something in which no one is looking at
2011-02-08 18:03:17 [Message] fib_1618 -> Chat: so start there
2011-02-08 18:03:33 [Message] numbersgame -> Chat: will do, much obliged
2011-02-08 18:03:36 [Message] PriceWatcher -> Chat: ETS?
2011-02-08 18:03:41 [Message] fib_1618 -> Chat: np...just make money, OK?
2011-02-08 18:03:51 [Message] fib_1618 -> Chat: turn off the talking heads
2011-02-08 18:04:08 [Message] fib_1618 -> Chat: don't put too much in message board discussions
2011-02-08 18:04:27 [Message] fib_1618 -> Chat: and work with what the market allows you to
2011-02-08 18:04:47 [Message] fib_1618 -> Chat: like I like to say..."trading is a marathon...not a sprint"
2011-02-08 18:05:03 [Message] fib_1618 -> Chat: slow and sure keeps in grounded
2011-02-08 18:05:08 [Message] numbersgame -> Chat: try to stay away from blogs, but DP blog looking for bull trap.....
2011-02-08 18:05:15 [Message] fib_1618 -> Chat: so?
2011-02-08 18:05:23 [Message] fib_1618 -> Chat: everyone has an opinion
2011-02-08 18:05:33 [Message] fib_1618 -> Chat: and Carl has been wrong 4 times in the last year
2011-02-08 18:05:50 [Message] fib_1618 -> Chat: hey...
2011-02-08 18:05:55 [Message] fib_1618 -> Chat: think of it this way
2011-02-08 18:06:06 [Message] numbersgame -> Chat: fair enough, thanks for the extra time
2011-02-08 18:06:18 [Message] fib_1618 -> Chat: when someone consistently gets quoted, then there's just too many working off the same thing
2011-02-08 18:06:46 [Message] fib_1618 -> Chat: anyway...I'm going to scoot
2011-02-08 18:06:53 [Message] fib_1618 -> Chat: everyone have a great couple of days
2011-02-08 18:06:59 [Message] fib_1618 -> Chat: and we'll hook up again on Thursday
2011-02-08 18:07:00 [Message] fib_1618 -> Chat: good night

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