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fib_1618

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Reply with quote  #1 
2011-03-01 16:00:20 [Message] fib_1618 -> Chat: good day
2011-03-01 16:00:23 [Message] fib_1618 -> Chat: how is everyone?
2011-03-01 16:01:09 [Message] thespookyone -> Chat: Great, thank you.
2011-03-01 16:01:20 [Message] fib_1618 -> Chat: braggart
2011-03-01 16:01:28 [Message] manuj -> Chat: minor DD today. other than that great. how are you?
2011-03-01 16:01:32 [Message] thespookyone -> Chat: wanted to say SUPER, LOL
2011-03-01 16:01:37 [Message] fib_1618 -> Chat: doing fine...thanks for asking
2011-03-01 16:01:39 [Message] fib_1618 -> Chat: lol
2011-03-01 16:01:45 [Message] fib_1618 -> Chat: giddy?
2011-03-01 16:02:10 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2011-03-01 16:03:05 [Message] fib_1618 -> Chat: this will be the first announcement...I will repeat this over the next couple of days
2011-03-01 16:03:13 [Message] fib_1618 -> Chat: I will be on my first road trip starting next week
2011-03-01 16:03:17 [Message] fib_1618 -> Chat: because of this
2011-03-01 16:03:31 [Message] fib_1618 -> Chat: next week we will hold our chats on Monday and Tuesday
2011-03-01 16:03:40 [Message] fib_1618 -> Chat: there will be NO Thursday chat next week
2011-03-01 16:03:50 [Message] fib_1618 -> Chat: the following week is normal schedule
2011-03-01 16:04:06 [Message] fib_1618 -> Chat: but the week of the 21st I will be in Vegas
2011-03-01 16:04:13 [Message] thespookyone -> Chat: UH OH
2011-03-01 16:04:21 [Message] fib_1618 -> Chat: so that will be a Thursday and Friday chat day
2011-03-01 16:04:27 [Message] fib_1618 -> Chat: so, in summary, the chat days for the next 3 weeks are:
2011-03-01 16:04:43 [Message] fib_1618 -> Chat: the week of the 7th...Monday and Tuesday
2011-03-01 16:04:52 [Message] fib_1618 -> Chat: the week of the 14th...Tuesday and Thursday
2011-03-01 16:05:01 [Message] fib_1618 -> Chat: the week of the 21st....Thursday and Friday
2011-03-01 16:05:16 [Message] fib_1618 -> Chat: back to normal schedule the week of the 28th
2011-03-01 16:05:32 [Message] fib_1618 -> Chat: mark your calendars accordingly
2011-03-01 16:06:02 [Message] fib_1618 -> Chat: and I should have a real good feel for the 4th quarter of this year after these shows
2011-03-01 16:06:19 [Message] fib_1618 -> Chat: OK...let me get DP up and we'll get started
2011-03-01 16:06:31 [Message] Pricewatcher -> Chat: What shows are you going to?
2011-03-01 16:06:51 [Message] Pricewatcher -> Chat: Sorry if I was late to the start
2011-03-01 16:07:09 [Message] fib_1618 -> Chat: I have a Halloween Costume show in St. Louis next week
2011-03-01 16:07:25 [Message] Pricewatcher -> Chat:
2011-03-01 16:07:35 [Message] fib_1618 -> Chat: Then I have a retail/wholesale/apparel manufacturing show in Vegas the week of the 21st
2011-03-01 16:07:52 [Message] fib_1618 -> Chat: the Halloween show is always a kick
2011-03-01 16:08:06 [Message] fib_1618 -> Chat: It's a world wide show
2011-03-01 16:08:06 [Message] manuj -> Chat: fib - you are in fashion industry and you trade as well?
2011-03-01 16:08:12 [Message] Pricewatcher -> Chat: Must be
2011-03-01 16:08:12 [Message] fib_1618 -> Chat: yes sir
2011-03-01 16:08:19 [Message] fib_1618 -> Chat: that's my ace
2011-03-01 16:08:27 [Message] Pricewatcher -> Chat:
2011-03-01 16:08:29 [Message] manuj -> Chat: ah..which one you do for fun?
2011-03-01 16:08:30 [Message] fib_1618 -> Chat: as apparel is about 3 months ahead of the stock market
2011-03-01 16:08:38 [Message] fib_1618 -> Chat: which is 3 months ahead of the economy
2011-03-01 16:08:46 [Message] fib_1618 -> Chat: lol
2011-03-01 16:08:48 [Message] fib_1618 -> Chat: for fun?
2011-03-01 16:08:50 [Message] fib_1618 -> Chat: lol
2011-03-01 16:08:55 [Message] fib_1618 -> Chat: well...
2011-03-01 16:09:08 [Message] fib_1618 -> Chat: I've been doing both for the better part of 40 years...so you choose
2011-03-01 16:09:22 [Message] fib_1618 -> Chat: and no...I don't have a life
2011-03-01 16:09:36 [Message] Pricewatcher -> Chat: which one pays best?
2011-03-01 16:09:40 [Message] fib_1618 -> Chat: my day starts at 3 in the morning
2011-03-01 16:09:44 [Message] Pricewatcher -> Chat: If I may ask?
2011-03-01 16:09:49 [Message] fib_1618 -> Chat: and ends sometime around 10 in the evening
2011-03-01 16:09:55 [Message] manuj -> Chat: cool :-) with your knowledge of markets you must be a billionaire by now - so one has to be just for fun. anyway i was just kidding
2011-03-01 16:10:02 [Message] fib_1618 -> Chat: lol
2011-03-01 16:10:11 [Message] fib_1618 -> Chat: well...I'm no George Soros
2011-03-01 16:10:19 [Message] Pricewatcher -> Chat:
2011-03-01 16:10:24 [Message] fib_1618 -> Chat: which one pays the best?
2011-03-01 16:10:27 [Message] fib_1618 -> Chat: trading
2011-03-01 16:10:49 [Message] Pricewatcher -> Chat: So are you in fashion for the fun or do you need both incomes?
2011-03-01 16:11:07 [Message] fib_1618 -> Chat: The business in apparel is my wife's
2011-03-01 16:11:14 [Message] Pricewatcher -> Chat: I see
2011-03-01 16:11:15 [Message] fib_1618 -> Chat: I am the "sales manager"
2011-03-01 16:11:23 [Message] fib_1618 -> Chat: A/P
2011-03-01 16:11:25 [Message] fib_1618 -> Chat: A/R
2011-03-01 16:11:30 [Message] fib_1618 -> Chat: shipper
2011-03-01 16:11:32 [Message] fib_1618 -> Chat: lol
2011-03-01 16:11:43 [Message] Pricewatcher -> Chat:
2011-03-01 16:11:51 [Message] manuj -> Chat: ah cool :-) secret to a happy marriage
2011-03-01 16:11:53 [Message] fib_1618 -> Chat: I am a man of many hats
2011-03-01 16:12:03 [Message] fib_1618 -> Chat: well...we are with each other 24/7
2011-03-01 16:12:11 [Message] fib_1618 -> Chat: lucky for me she is my best friend
2011-03-01 16:12:21 [Message] Pricewatcher -> Chat: impressive. You are lucky
2011-03-01 16:12:31 [Message] fib_1618 -> Chat: I count my blessings..yes
2011-03-01 16:12:37 [Message] thespookyone -> Chat: the only kind to marry-well done
2011-03-01 16:12:41 [Message] fib_1618 -> Chat: but enough of me...
2011-03-01 16:12:44 [Message] fib_1618 -> Chat: let's take a look around
2011-03-01 16:12:57 [Message] fib_1618 -> Chat: after snapping back to the zero line on Friday
2011-03-01 16:13:05 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO moved lower today
2011-03-01 16:13:43 [Message] fib_1618 -> Chat: and another 50 or so points on the NYA close and we would of had another bit of divergence in place
2011-03-01 16:13:45 [Message] fib_1618 -> Chat: but we don't
2011-03-01 16:13:54 [Message] fib_1618 -> Chat: so, at this point, we remain in a trading range
2011-03-01 16:15:12 [Message] fib_1618 -> Chat: today's move lower put the CO NYSE breadth MCSUM right at its rising bottoms line connecting the lows of December and February
2011-03-01 16:15:26 [Message] fib_1618 -> Chat: looking at the components
2011-03-01 16:15:34 [Message] fib_1618 -> Chat: both remain above their zero line at this time
2011-03-01 16:15:52 [Message] fib_1618 -> Chat: so with the MCO negative, this combination suggests to us that we in a correctional sequence
2011-03-01 16:16:05 [Message] fib_1618 -> Chat: and not nothing of a change in the prevailing trend
2011-03-01 16:16:33 [Message] fib_1618 -> Chat: after moving slightly higher above the zero line yesterday
2011-03-01 16:16:43 [Message] fib_1618 -> Chat: the NYSE breadth MCO also moved back below its zero line
2011-03-01 16:16:49 [Message] fib_1618 -> Chat: with the important thing here being that the CO MCO was only move to the zero line while the broader market, led by the interest rate sensitives, pushed this MCO above this same are of neutrality
2011-03-01 16:18:00 [Message] fib_1618 -> Chat: and unlike the CO breadth MCSUM
2011-03-01 16:18:23 [Message] fib_1618 -> Chat: the composite NYSE breadth MCSUM remains well above its short term rising bottoms line
2011-03-01 16:18:45 [Message] fib_1618 -> Chat: and the components here showing better implied strength overall
2011-03-01 16:19:10 [Message] fib_1618 -> Chat: so, like it was mentioned over the weekend on the breadth data charts, liquidity is certainly not a problem here
2011-03-01 16:19:37 [Message] fib_1618 -> Chat: and once all of the bad news from the middle east is known, we should find solid support to continue the intermediate term trend to the upside
2011-03-01 16:20:04 [Message] fib_1618 -> Chat: after a snapback to the zero line last week
2011-03-01 16:20:12 [Message] fib_1618 -> Chat: the NASDAQ breadth MCO also moved lower today
2011-03-01 16:20:28 [Message] fib_1618 -> Chat: with today's lower number causing a break below the +250 level on the NASDAQ breadth MCSUM
2011-03-01 16:20:45 [Message] fib_1618 -> Chat: this would now suggest that we're likely to move all the way back to the zero line before all is said and done
2011-03-01 16:21:29 [Message] fib_1618 -> Chat: we also note that the 5% component of the NASDAQ MCO might find some support near term for a bounce
2011-03-01 16:21:34 [Message] fib_1618 -> Chat: but on the other hand
2011-03-01 16:21:38 [Message] fib_1618 -> Chat: as we have discussed before
2011-03-01 16:22:00 [Message] fib_1618 -> Chat: since we have already bounced off zero line support on the 5%
2011-03-01 16:22:19 [Message] fib_1618 -> Chat: it's more likely that we should see this same component move to lower lows near term
2011-03-01 16:22:29 [Message] fib_1618 -> Chat: and with it, give us the possibility of a wash out
2011-03-01 16:22:53 [Message] manuj -> Chat: wash out?
2011-03-01 16:23:32 [Message] fib_1618 -> Chat: we'll need to watch how the market reacts over the next couple of days given that all we thought we would see last Thursday was a one or two day reflex rally and that the rest of this week would the probable time for the creation of a bottom
2011-03-01 16:23:35 [Message] fib_1618 -> Chat: yes...a wash out
2011-03-01 16:24:09 [Message] fib_1618 -> Chat: an area of when all of the UNWILLING sellers capitulate so that the longer term trend can once again move in the desired direction
2011-03-01 16:24:16 [Message] fib_1618 -> Chat: as we talked about last week
2011-03-01 16:24:35 [Message] fib_1618 -> Chat: we shouldn't expect more than a one or two week correctional period here
2011-03-01 16:24:48 [Message] fib_1618 -> Chat: as the internals remain highly buoyant
2011-03-01 16:25:18 [Message] fib_1618 -> Chat: as long as the components suggest this to be a pause to refresh, we have to go with that until PROVEN otherwise
2011-03-01 16:25:40 [Message] fib_1618 -> Chat: don't let the current emotional backdrop sidetrack your focus
2011-03-01 16:25:55 [Message] fib_1618 -> Chat: we're still technicians here
2011-03-01 16:26:03 [Message] fib_1618 -> Chat: there is physics involved
2011-03-01 16:26:24 [Message] fib_1618 -> Chat: the market can NOT move counter trend for too long unless the flow of money is leading in that direction
2011-03-01 16:26:37 [Message] fib_1618 -> Chat: and there is nothing as yet suggesting this is taking place
2011-03-01 16:27:42 [Message] fib_1618 -> Chat: the objective here for the market is to get traders emotionally involved with this merchandising technique of pushing prices lower making people sell their positions
2011-03-01 16:28:06 [Message] fib_1618 -> Chat: and once these sells take place...specialists accumulate this inventory
2011-03-01 16:28:18 [Message] fib_1618 -> Chat: and the only way to distribute this same inventory is....?
2011-03-01 16:28:29 [Message] fib_1618 -> Chat: by raising prices
2011-03-01 16:29:01 [Message] fib_1618 -> Chat: "it's not people selling that make prices move lower, it's prices moving lower that make people sell"
2011-03-01 16:29:10 [Message] fib_1618 -> Chat: and vice versa
2011-03-01 16:29:24 [Message] fib_1618 -> Chat: unless...you have a plan
2011-03-01 16:29:25 [Message] Pricewatcher -> Chat: Got that!
2011-03-01 16:29:35 [Message] fib_1618 -> Chat: makes sense...doesn't it?
2011-03-01 16:29:42 [Message] Pricewatcher -> Chat: Sure does
2011-03-01 16:29:52 [Message] fib_1618 -> Chat: all you have to do is go shopping
2011-03-01 16:30:02 [Message] fib_1618 -> Chat: you see it all the time
2011-03-01 16:31:37 [Message] fib_1618 -> Chat: another piece of technical analysis we should discuss here
2011-03-01 16:31:47 [Message] fib_1618 -> Chat: is the gap from last Tuesday
2011-03-01 16:31:59 [Message] fib_1618 -> Chat: where even with the two day advance
2011-03-01 16:32:10 [Message] fib_1618 -> Chat: we weren't able to close this same gap
2011-03-01 16:32:12 [Message] fib_1618 -> Chat: in fact
2011-03-01 16:32:21 [Message] fib_1618 -> Chat: we didn't even move into the gap on the NASDAQ and NDX
2011-03-01 16:32:25 [Message] fib_1618 -> Chat: because of this
2011-03-01 16:32:37 [Message] fib_1618 -> Chat: we can now classify this gap as a "breakaway"
2011-03-01 16:32:56 [Message] fib_1618 -> Chat: and breakaway's can be trigger points for trend reversals IF the internals are in a position to where something like this can gain merit
2011-03-01 16:33:26 [Message] fib_1618 -> Chat: so what this breakaway is suggesting
2011-03-01 16:33:44 [Message] fib_1618 -> Chat: is that we're probably locked in a trading range for a longer period of time than...let's say...2 weeks
2011-03-01 16:33:51 [Message] fib_1618 -> Chat: and isn't it interesting to note
2011-03-01 16:34:17 [Message] fib_1618 -> Chat: that this took place about a week before our first time target for this rally which was given last September - the beginning of March
2011-03-01 16:35:58 [Message] Pricewatcher -> Chat: I noticed that we do have potential divergences on the NYSE MCSUM. So I guess that if the MCSUM goes under zero then we could be in for a correction of the intermediate trend?
2011-03-01 16:36:34 [Message] fib_1618 -> Chat: well...
2011-03-01 16:36:56 [Message] fib_1618 -> Chat: the zero line is the demarcation point between what would be deemed a friendly market and one that is hostile
2011-03-01 16:37:16 [Message] fib_1618 -> Chat: and then there is context of how we go about moving to or towards the zero line
2011-03-01 16:37:49 [Message] fib_1618 -> Chat: remember that the MCSUM shows us the distance between the 19 day EMA and the 39 day EMA of the A/D line itself
2011-03-01 16:38:10 [Message] fib_1618 -> Chat: for the MCSUM to go below the zero line would mean that the 19 day is crossing below the 39 day EMA
2011-03-01 16:38:28 [Message] fib_1618 -> Chat: which "could" mean that the A/D line is declining
2011-03-01 16:38:40 [Message] fib_1618 -> Chat: but like we saw with the highlighted EMA chart sequence from last week
2011-03-01 16:39:09 [Message] fib_1618 -> Chat: the A/D line could just be moving net sideways to allow a pause to occur within the confines of a strong trend in this same money flow component
2011-03-01 16:39:19 [Message] fib_1618 -> Chat: so...there's no absolutes to this kind of analysis
2011-03-01 16:40:02 [Message] fib_1618 -> Chat: we have to measure the pause...the rhythm...of this same money flow and from that we can then put a grade on what we should expect as far as objectives are concerned
2011-03-01 16:40:21 [Message] fib_1618 -> Chat: so we watch...and wait
2011-03-01 16:40:22 [Message] fib_1618 -> Chat: for now
2011-03-01 16:40:28 [Message] fib_1618 -> Chat: the MCSUM's are high enough
2011-03-01 16:40:37 [Message] fib_1618 -> Chat: and the MCO's and their components are diverging enough
2011-03-01 16:40:49 [Message] fib_1618 -> Chat: to say that we're only likely to trade sideways
2011-03-01 16:41:02 [Message] fib_1618 -> Chat: with choppy periods to help "shake the tree" of weak hands
2011-03-01 16:41:11 [Message] fib_1618 -> Chat: again..this is a trend we're dealing with
2011-03-01 16:41:21 [Message] fib_1618 -> Chat: trends get over extended at times
2011-03-01 16:41:45 [Message] fib_1618 -> Chat: and the only way to ease their activity is to give good reasons to think otherwise
2011-03-01 16:42:07 [Message] fib_1618 -> Chat: and since it's prices moving in one direction or another that causes a reactive response to traders
2011-03-01 16:42:53 [Message] fib_1618 -> Chat: we just have to be on our collective toes and watch to whether the momentum of such merchandising techniques either quickens or slows
2011-03-01 16:42:55 [Message] fib_1618 -> Chat: for example
2011-03-01 16:43:06 [Message] fib_1618 -> Chat: tomorrow becomes an important day
2011-03-01 16:43:16 [Message] fib_1618 -> Chat: because we had a hard reversal in prices today
2011-03-01 16:43:34 [Message] fib_1618 -> Chat: but we are...right now...declining with a slower rate of momentum on a short term trending basis of money flow
2011-03-01 16:43:47 [Message] fib_1618 -> Chat: if this keeps up, we will build a divergent structure
2011-03-01 16:43:58 [Message] fib_1618 -> Chat: just like we did last November
2011-03-01 16:44:04 [Message] fib_1618 -> Chat: and off to the races we go
2011-03-01 16:44:49 [Message] fib_1618 -> Chat: and that's not even mentioning the still bullish configurations in the raw A/D and U/D data!
2011-03-01 16:45:07 [Message] fib_1618 -> Chat: it must all work together for it to "work"
2011-03-01 16:45:35 [Message] fib_1618 -> Chat: how many times were you told that bull markets have short and sharp counter trend moves to support the ongoing uptrend?
2011-03-01 16:45:49 [Message] fib_1618 -> Chat: one moment...sorry
2011-03-01 16:46:53 [Message] fib_1618 -> Chat: dang!!
2011-03-01 16:47:12 [Message] fib_1618 -> Chat: gas prices just went up from this morning .07 to 3.62 a gallon
2011-03-01 16:47:32 [Message] fib_1618 -> Chat: I know...still cheaper than Europe - save your breath
2011-03-01 16:47:40 [Message] thespookyone -> Chat: gotta pay for that great California weather
2011-03-01 16:47:49 [Message] fib_1618 -> Chat: we are the highest in the nation
2011-03-01 16:47:54 [Message] thespookyone -> Chat: yep
2011-03-01 16:47:57 [Message] fib_1618 -> Chat: thanks to our designer gas
2011-03-01 16:48:04 [Message] fib_1618 -> Chat: which doesn't work
2011-03-01 16:48:14 [Message] fib_1618 -> Chat: anyway
2011-03-01 16:48:16 [Message] fib_1618 -> Chat: let's move on
2011-03-01 16:48:36 [Message] fib_1618 -> Chat: after snapping back to its zero line
2011-03-01 16:48:44 [Message] fib_1618 -> Chat: the NDX breadth MCO also moved sharply lower today
2011-03-01 16:48:55 [Message] fib_1618 -> Chat: and is now minimally "oversold" at the -50 level
2011-03-01 16:49:07 [Message] fib_1618 -> Chat: and...it's at a higher level than last weeks extreme
2011-03-01 16:49:14 [Message] fib_1618 -> Chat: will we hold?
2011-03-01 16:49:16 [Message] fib_1618 -> Chat: (shrug)
2011-03-01 16:49:18 [Message] fib_1618 -> Chat: beats me
2011-03-01 16:49:26 [Message] fib_1618 -> Chat: so we'll watch it
2011-03-01 16:49:37 [Message] fib_1618 -> Chat: we'll know more about 2 hours into the day tomorrow
2011-03-01 16:56:58 [Message] Pricewatcher -> Chat: Fib, last week you mentioned that the MCSUM could be used to guide the intermediate trend. Would it be fair to assume that the MCO may guide the labeling of the minor trend and the advance decline line itself the primary trend?
2011-03-01 16:57:53 [Message] fib_1618 -> Chat: OK...
2011-03-01 16:57:55 [Message] Pricewatcher -> Chat: Or does it change from one market situation to another in your experience?
2011-03-01 16:57:59 [Message] fib_1618 -> Chat: let's clarify here
2011-03-01 16:58:14 [Message] fib_1618 -> Chat: the A/D line is the raw data from where the MCO and MCSUM get their information
2011-03-01 16:58:23 [Message] fib_1618 -> Chat: the MCO and the MCSUM are oscillators
2011-03-01 16:58:35 [Message] fib_1618 -> Chat: the MCO measures the short term trend and the MCSUM measures the intermediate term trend of this same raw A/D data
2011-03-01 16:59:07 [Message] fib_1618 -> Chat: since the MCO and the MCSUM are oscillators
2011-03-01 16:59:10 [Message] fib_1618 -> Chat: in a general sense
2011-03-01 16:59:24 [Message] fib_1618 -> Chat: they both work their best magic during times of trading ranges
2011-03-01 16:59:59 [Message] fib_1618 -> Chat: the MCO's best usage then is to measure the momentum of the A/D line within these areas of consolidation
2011-03-01 17:00:11 [Message] fib_1618 -> Chat: like any other oscillator
2011-03-01 17:00:19 [Message] fib_1618 -> Chat: if they break support or resistance levels
2011-03-01 17:00:28 [Message] fib_1618 -> Chat: or they go to extremes
2011-03-01 17:00:59 [Message] fib_1618 -> Chat: this then gives you more information on what the technical expectation will be when applied to the prices being measured
2011-03-01 17:01:06 [Message] fib_1618 -> Chat: so...to answer your question
2011-03-01 17:01:32 [Message] fib_1618 -> Chat: the MCO will give us our short term view of what to expect...on a 4-6 week guideline
2011-03-01 17:01:44 [Message] fib_1618 -> Chat: the MCSUM on a 6-12 week time frame
2011-03-01 17:01:53 [Message] fib_1618 -> Chat: since breadth leads price
2011-03-01 17:02:25 [Message] fib_1618 -> Chat: this information is then applied to approximate both price objective and the time it will take to reach these same objectives with all things being equal
2011-03-01 17:03:13 [Message] fib_1618 -> Chat: now...the position of the A/D line in relation to its EMA's gives us perspective
2011-03-01 17:03:24 [Message] fib_1618 -> Chat: the 19 day EMA is short term
2011-03-01 17:03:31 [Message] fib_1618 -> Chat: 39 day EMA is the intermediate term
2011-03-01 17:03:45 [Message] fib_1618 -> Chat: the 200 day (actually the 199 day) long term line
2011-03-01 17:03:57 [Message] fib_1618 -> Chat: if the A/D line is either above or below these EMA's
2011-03-01 17:04:13 [Message] fib_1618 -> Chat: it tells us the position of the market overall
2011-03-01 17:04:24 [Message] fib_1618 -> Chat: follow up?
2011-03-01 17:04:57 [Message] fib_1618 -> Chat: there is nothing at all different in what we're doing here that you already don't work with on a price chart
2011-03-01 17:05:13 [Message] Pricewatcher -> Chat: I ask because I would like to apply the Elliot wave labeling guidelines you gave last week. So I would like to know if the highest MCSUM reading in a sequence would point to wave 3 of intermediate trend and similar if highest MCO reading would point to wave 3 of the trend one degree lower?
2011-03-01 17:05:20 [Message] fib_1618 -> Chat: that should be...that would already work with on a simple price chart
2011-03-01 17:05:46 [Message] fib_1618 -> Chat: the MCO would measure "minor degree"
2011-03-01 17:05:54 [Message] Pricewatcher -> Chat: Yes
2011-03-01 17:05:56 [Message] fib_1618 -> Chat: the MCSUM would be of "intermediate degree" or higher
2011-03-01 17:06:10 [Message] fib_1618 -> Chat: the A/D line would have no function in this context
2011-03-01 17:06:10 [Message] Pricewatcher -> Chat: And the advance decline line itself?
2011-03-01 17:06:13 [Message] fib_1618 -> Chat: except
2011-03-01 17:06:19 [Message] Pricewatcher -> Chat: OK. I see
2011-03-01 17:06:34 [Message] fib_1618 -> Chat: the best in breadth and volume will occur during a third wave sequence
2011-03-01 17:07:17 [Message] fib_1618 -> Chat: the oscillators measure the momentum...the fuel being used...how HARD you're stepping on the accelerator
2011-03-01 17:07:33 [Message] Pricewatcher -> Chat: Is there an oscillator for the primary trend as well?
2011-03-01 17:08:33 [Message] fib_1618 -> Chat: the MCO IS an accelerometer
2011-03-01 17:08:40 [Message] fib_1618 -> Chat: no - not in this specfic context
2011-03-01 17:09:05 [Message] fib_1618 -> Chat: you can use the ROC (rate of change) indicator
2011-03-01 17:09:12 [Message] fib_1618 -> Chat: but you have to have the right time period
2011-03-01 17:09:21 [Message] fib_1618 -> Chat: what I have found over the years is to keep things as simple as possible
2011-03-01 17:09:39 [Message] fib_1618 -> Chat: without any "benefit" of analytical tools
2011-03-01 17:09:47 [Message] fib_1618 -> Chat: take the information at face value
2011-03-01 17:09:51 [Message] fib_1618 -> Chat: because
2011-03-01 17:10:07 [Message] fib_1618 -> Chat: the raw A/D data is not something that can be anticipated
2011-03-01 17:10:29 [Message] fib_1618 -> Chat: once the money flow quotient is in the equation, then one can then make a forecast
2011-03-01 17:10:44 [Message] fib_1618 -> Chat: but since we don't know what humans are likely to do given a set amount of stimuli
2011-03-01 17:11:03 [Message] fib_1618 -> Chat: we only have the push of momentum to help guide us
2011-03-01 17:11:05 [Message] fib_1618 -> Chat: which...
2011-03-01 17:11:16 [Message] fib_1618 -> Chat: can turn on dime if the news is bad or good enough
2011-03-01 17:11:46 [Message] fib_1618 -> Chat: anyone who tries to apply a count to the A/D line
2011-03-01 17:11:56 [Message] fib_1618 -> Chat: or tries to anticipates it's next move
2011-03-01 17:12:14 [Message] fib_1618 -> Chat: is usually doomed to find out that there is absolutely no consistency to this kind of analysis
2011-03-01 17:12:26 [Message] fib_1618 -> Chat: there is not a given here
2011-03-01 17:12:43 [Message] fib_1618 -> Chat: we can have a "reasonable expectation"
2011-03-01 17:12:45 [Message] fib_1618 -> Chat: but that's about it
2011-03-01 17:12:55 [Message] fib_1618 -> Chat: no holy grail
2011-03-01 17:12:58 [Message] fib_1618 -> Chat: sorry
2011-03-01 17:13:04 [Message] Pricewatcher -> Chat: OK. I see. Thanks a lot
2011-03-01 17:13:20 [Message] fib_1618 -> Chat: once you work with this for awhile
2011-03-01 17:13:26 [Message] Pricewatcher -> Chat: The MCO and MCSUM are good enough for me
2011-03-01 17:13:36 [Message] fib_1618 -> Chat: (and "awhile" would be one advancing sequence and then one declining sequence)
2011-03-01 17:13:46 [Message] fib_1618 -> Chat: you'll start to understand what I'm trying to share here
2011-03-01 17:14:08 [Message] fib_1618 -> Chat: yes...the MCO and MCSUM are the best tools out there to forecast probable market direction
2011-03-01 17:14:16 [Message] fib_1618 -> Chat: because they measure the trend(s) of money
2011-03-01 17:14:26 [Message] fib_1618 -> Chat: as it enters
2011-03-01 17:14:29 [Message] fib_1618 -> Chat: and as it exits
2011-03-01 17:14:40 [Message] fib_1618 -> Chat: and the rate in which it does so
2011-03-01 17:16:59 [Message] fib_1618 -> Chat: ok...any follow questions from anyone?
2011-03-01 17:17:24 [Message] fib_1618 -> Chat: OK...as long as it makes sense
2011-03-01 17:17:45 [Message] fib_1618 -> Chat: looking at the SPX data
2011-03-01 17:17:59 [Message] fib_1618 -> Chat: and we see that we got "this close" for divergence today
2011-03-01 17:18:31 [Message] fib_1618 -> Chat: but I have a sneaking suspicion that we're probably not going to hold here
2011-03-01 17:19:04 [Message] fib_1618 -> Chat: looking at the components, however, and we see that there's a good chance that we might
2011-03-01 17:19:09 [Message] fib_1618 -> Chat: so what do I know?
2011-03-01 17:19:36 [Message] fib_1618 -> Chat: wow...the OEX close today is close to last Thursday's
2011-03-01 17:19:43 [Message] Pricewatcher -> Chat: I counted 3 waves down today and possibly a wave 4 at the close, so I think we have one more to go tomorrow...
2011-03-01 17:19:43 [Message] fib_1618 -> Chat: could have potential divergence here
2011-03-01 17:19:46 [Message] fib_1618 -> Chat: let me look
2011-03-01 17:20:59 [Message] fib_1618 -> Chat: yes...we have minimal divergence on the OEX by .09
2011-03-01 17:21:27 [Message] fib_1618 -> Chat: not what I would clean by any means
2011-03-01 17:21:42 [Message] fib_1618 -> Chat: so it will be interesting to see if we hold here
2011-03-01 17:21:43 [Message] fib_1618 -> Chat: or
2011-03-01 17:21:53 [Message] fib_1618 -> Chat: if we do break below last weeks MCO lows in the OEX
2011-03-01 17:22:02 [Message] fib_1618 -> Chat: that would extend our consolidation period to more than a couple of weeks
2011-03-01 17:22:30 [Message] fib_1618 -> Chat: potential bull divergence on with the Dow
2011-03-01 17:22:56 [Message] fib_1618 -> Chat: with the components above their zero line
2011-03-01 17:23:02 [Message] fib_1618 -> Chat: the bears should be very careful here
2011-03-01 17:23:06 [Message] fib_1618 -> Chat: and not lead off to far
2011-03-01 17:23:19 [Message] fib_1618 -> Chat: so far...it looks like a triangle
2011-03-01 17:23:29 [Message] fib_1618 -> Chat: in Elliott
2011-03-01 17:23:33 [Message] fib_1618 -> Chat: C down today
2011-03-01 17:23:49 [Message] fib_1618 -> Chat: D up to come....E down...and then up we go
2011-03-01 17:24:13 [Message] fib_1618 -> Chat: ideally that would give all of the MCO's an opportunity to back and fill
2011-03-01 17:24:23 [Message] fib_1618 -> Chat: and usually
2011-03-01 17:24:37 [Message] fib_1618 -> Chat: during strongly trending sequences...
2011-03-01 17:24:43 [Message] fib_1618 -> Chat: triangles tend to be the way to go
2011-03-01 17:24:52 [Message] fib_1618 -> Chat: they come out of the blue
2011-03-01 17:24:56 [Message] fib_1618 -> Chat: have gaps
2011-03-01 17:25:08 [Message] fib_1618 -> Chat: and there is a high amount of indecision based on news
2011-03-01 17:25:35 [Message] fib_1618 -> Chat: this keeps those who were on the other side of the trend guessing and taunting with sayings of "I told you so"
2011-03-01 17:25:47 [Message] fib_1618 -> Chat: and there isn't enough for those who rode the trend to sell
2011-03-01 17:25:58 [Message] fib_1618 -> Chat: and so you get higher lows...and lower highs...
2011-03-01 17:26:10 [Message] fib_1618 -> Chat: coil up...and then release
2011-03-01 17:26:53 [Message] fib_1618 -> Chat: my iPhone says that the Congress just passed an extension to the budget
2011-03-01 17:27:27 [Message] fib_1618 -> Chat: futures are near unchanged
2011-03-01 17:27:49 [Message] fib_1618 -> Chat: could be an interesting day tomorrow
2011-03-01 17:28:01 [Message] fib_1618 -> Chat: if we rally...then it's a pretty good bet that we're in a triangle
2011-03-01 17:28:14 [Message] fib_1618 -> Chat: if we don't...we'll have to see how we settle
2011-03-01 17:28:50 [Message] fib_1618 -> Chat: the MID breadth MCO and its components look a bit weaker here
2011-03-01 17:29:08 [Message] fib_1618 -> Chat: but it's only now that the 10% Trend has been able to move below its zero line
2011-03-01 17:29:21 [Message] fib_1618 -> Chat: so...technically...we might get a bounce off this line near term
2011-03-01 17:29:51 [Message] fib_1618 -> Chat: but the more likely forecast would be for continued 10% weakness to help bring the 5% component to its zero line
2011-03-01 17:30:23 [Message] fib_1618 -> Chat: interesting how the SML breadth MCO is holding up better than the MID here
2011-03-01 17:30:51 [Message] fib_1618 -> Chat: and the TM breadth MCO and its components are continuing to suggest correction
2011-03-01 17:31:11 [Message] fib_1618 -> Chat: so...we've pretty much played out what was to be expected over the last couple of days
2011-03-01 17:31:26 [Message] fib_1618 -> Chat: a reflex rally back to or towards the zero line that would last 2-3 days
2011-03-01 17:31:34 [Message] fib_1618 -> Chat: and now we're waiting for more information
2011-03-01 17:31:47 [Message] fib_1618 -> Chat: with the jobs numbers due out on Friday
2011-03-01 17:31:57 [Message] fib_1618 -> Chat: and the idea of a triangle here
2011-03-01 17:32:02 [Message] fib_1618 -> Chat: could be a rally tomorrow
2011-03-01 17:32:08 [Message] fib_1618 -> Chat: a decline into Thursday
2011-03-01 17:32:12 [Message] fib_1618 -> Chat: to set up Friday
2011-03-01 17:32:20 [Message] fib_1618 -> Chat: regardless
2011-03-01 17:32:24 [Message] fib_1618 -> Chat: if you're day trading
2011-03-01 17:32:28 [Message] fib_1618 -> Chat: hit and run
2011-03-01 17:32:36 [Message] fib_1618 -> Chat: no over nighters
2011-03-01 17:32:50 [Message] fib_1618 -> Chat: watch the breadth plurality and act accordingly
2011-03-01 17:33:25 [Message] fib_1618 -> Chat: now on the bear's side
2011-03-01 17:33:36 [Message] fib_1618 -> Chat: the volume MCSUM's continue to decay
2011-03-01 17:34:08 [Message] fib_1618 -> Chat: while showing a real lack of conviction on either side of the aisle
2011-03-01 17:34:27 [Message] fib_1618 -> Chat: until we can get more than one day events to expand the MCSUM gaps
2011-03-01 17:34:45 [Message] fib_1618 -> Chat: the decline in the volume MCSUM's continue to represent a pause to refresh
2011-03-01 17:35:09 [Message] manuj -> Chat: can you give a quick explanation on what do the volume MCO and MCSUM represent actually?
2011-03-01 17:35:25 [Message] manuj -> Chat: price MCO and MCSUM represent liquidity or supply of money
2011-03-01 17:35:28 [Message] fib_1618 -> Chat: the U/D line
2011-03-01 17:35:31 [Message] fib_1618 -> Chat: the NYUD
2011-03-01 17:35:34 [Message] fib_1618 -> Chat: the AMUD
2011-03-01 17:35:36 [Message] fib_1618 -> Chat: the NAUD
2011-03-01 17:35:43 [Message] fib_1618 -> Chat: etc.
2011-03-01 17:35:54 [Message] fib_1618 -> Chat: it's the difference between advancing and declining volume
2011-03-01 17:36:08 [Message] fib_1618 -> Chat: same idea as breadth
2011-03-01 17:36:12 [Message] fib_1618 -> Chat: but with more zeros
2011-03-01 17:36:19 [Message] manuj -> Chat: ok so does it also represent liquidity or the participation of the number of securities
2011-03-01 17:36:31 [Message] fib_1618 -> Chat: no...it represents conviction
2011-03-01 17:36:34 [Message] fib_1618 -> Chat: think of it this way
2011-03-01 17:36:36 [Message] manuj -> Chat: ok
2011-03-01 17:36:42 [Message] fib_1618 -> Chat: the market is a living entity
2011-03-01 17:36:50 [Message] fib_1618 -> Chat: volume is its heart
2011-03-01 17:36:57 [Message] fib_1618 -> Chat: breadth is its lung capacity
2011-03-01 17:37:02 [Message] manuj -> Chat: ok
2011-03-01 17:37:05 [Message] fib_1618 -> Chat: you can have good lung capacity (breadth)
2011-03-01 17:37:22 [Message] fib_1618 -> Chat: but if your heart is weak, it's not likely you're going to make much in the way of headway
2011-03-01 17:37:30 [Message] fib_1618 -> Chat: and if you can barely breath
2011-03-01 17:37:39 [Message] fib_1618 -> Chat: you're heart may continue pumping
2011-03-01 17:37:48 [Message] manuj -> Chat: ok
2011-03-01 17:37:49 [Message] fib_1618 -> Chat: and you're eventually prone to a heart attack
2011-03-01 17:38:11 [Message] fib_1618 -> Chat: so...liquidity is measured by the amount of stocks that are able to be "fed" by money
2011-03-01 17:38:32 [Message] fib_1618 -> Chat: the volume lines show if this money is being used in a useful manner
2011-03-01 17:38:35 [Message] thespookyone -> Chat: Fed? LOL
2011-03-01 17:38:36 [Message] fib_1618 -> Chat: and why
2011-03-01 17:38:55 [Message] fib_1618 -> Chat: the volume lines tend to mimic the weighted averages
2011-03-01 17:39:04 [Message] fib_1618 -> Chat: yea...the Fed
2011-03-01 17:39:08 [Message] fib_1618 -> Chat: very good
2011-03-01 17:39:22 [Message] fib_1618 -> Chat: you know me by now
2011-03-01 17:39:33 [Message] thespookyone -> Chat: yes
2011-03-01 17:39:37 [Message] fib_1618 -> Chat: I always have an angle that tends to pull it altogether
2011-03-01 17:39:59 [Message] fib_1618 -> Chat: there are no tricks here folks
2011-03-01 17:40:13 [Message] fib_1618 -> Chat: the markets are easily understandable
2011-03-01 17:40:23 [Message] fib_1618 -> Chat: once you rid yourself on what you learned
2011-03-01 17:40:40 [Message] fib_1618 -> Chat: it takes time
2011-03-01 17:40:55 [Message] fib_1618 -> Chat: but you'll see the consistency over time that will convince
2011-03-01 17:41:17 [Message] fib_1618 -> Chat: we note that the MID volume MCO moved to new lows today
2011-03-01 17:41:23 [Message] fib_1618 -> Chat: so we have a reset there
2011-03-01 17:41:33 [Message] fib_1618 -> Chat: but the SML volume MCO is still holding up here
2011-03-01 17:41:41 [Message] fib_1618 -> Chat: and like we've talked about in the past
2011-03-01 17:42:03 [Message] fib_1618 -> Chat: unless there isn't enough liquidity to hold up BOTH of these group of issues
2011-03-01 17:42:13 [Message] fib_1618 -> Chat: it's not likely that the overall uptrend is complete
2011-03-01 17:42:51 [Message] fib_1618 -> Chat: CVI's are gyrating
2011-03-01 17:43:26 [Message] fib_1618 -> Chat: but the STVO's are now minimally "oversold" for the first time since November
2011-03-01 17:43:49 [Message] fib_1618 -> Chat: something like this would reinforce the idea of a 4th wave in progress
2011-03-01 17:44:02 [Message] fib_1618 -> Chat: with the 3rd wave able to hold above "oversold" for an extended period
2011-03-01 17:44:16 [Message] fib_1618 -> Chat: only the degree is the question
2011-03-01 17:44:37 [Message] fib_1618 -> Chat: NYSE TRIN at 2.57
2011-03-01 17:44:47 [Message] fib_1618 -> Chat: Open 10 at 1.21
2011-03-01 17:45:01 [Message] fib_1618 -> Chat: remember what we talked about with the TRIN and Elliott?
2011-03-01 17:45:17 [Message] Pricewatcher -> Chat: No
2011-03-01 17:45:20 [Message] fib_1618 -> Chat: you will usually see your highest extremes either in wave 5 OR wave C
2011-03-01 17:45:44 [Message] fib_1618 -> Chat: you will see your highest option premiums at the end of 3rd waves
2011-03-01 17:45:51 [Message] Pricewatcher -> Chat: Ah good to know
2011-03-01 17:45:59 [Message] fib_1618 -> Chat: how are option premiums Lew?
2011-03-01 17:46:09 [Message] thespookyone -> Chat: much better here
2011-03-01 17:46:17 [Message] fib_1618 -> Chat: big airing out?
2011-03-01 17:46:27 [Message] thespookyone -> Chat: yes
2011-03-01 17:46:30 [Message] fib_1618 -> Chat: OK...now
2011-03-01 17:46:34 [Message] fib_1618 -> Chat: here's what you look for
2011-03-01 17:46:38 [Message] fib_1618 -> Chat: on 5th waves
2011-03-01 17:46:52 [Message] fib_1618 -> Chat: the option premiums NEVER get to the extremes during the peak of 3rd waves
2011-03-01 17:46:55 [Message] fib_1618 -> Chat: they will diverge
2011-03-01 17:47:08 [Message] fib_1618 -> Chat: and the TRIN's will tend to go to extremes
2011-03-01 17:47:27 [Message] fib_1618 -> Chat: how much they diverge in the premiums can help on the degree of count
2011-03-01 17:47:42 [Message] fib_1618 -> Chat: if it's too close to call...it's a minor degree or less
2011-03-01 17:47:47 [Message] fib_1618 -> Chat: a little wider...IT or better
2011-03-01 17:47:58 [Message] fib_1618 -> Chat: it's a matter of using good sense
2011-03-01 17:48:23 [Message] fib_1618 -> Chat: NASDAQ TRIN at 1.56
2011-03-01 17:48:36 [Message] fib_1618 -> Chat: Open 10 at 1.12
2011-03-01 17:48:47 [Message] fib_1618 -> Chat: and the TM TRIN at 2.00
2011-03-01 17:48:59 [Message] fib_1618 -> Chat: Open 10 at 1.20 (wow)
2011-03-01 17:49:10 [Message] fib_1618 -> Chat: based on today's TRIN numbers
2011-03-01 17:49:12 [Message] Pricewatcher -> Chat: What is the best source of data for option premiums?
2011-03-01 17:49:26 [Message] fib_1618 -> Chat: the C wave idea of a triangle makes the best sense
2011-03-01 17:49:36 [Message] fib_1618 -> Chat: Lew?
2011-03-01 17:49:41 [Message] fib_1618 -> Chat: you have a source?
2011-03-01 17:49:47 [Message] fib_1618 -> Chat: or do you just watch it?
2011-03-01 17:50:00 [Message] thespookyone -> Chat: no, but I read them exclusively
2011-03-01 17:50:05 [Message] thespookyone -> Chat: so I see it
2011-03-01 17:50:10 [Message] fib_1618 -> Chat: yes...agreed
2011-03-01 17:50:12 [Message] thespookyone -> Chat: trade
2011-03-01 17:50:14 [Message] fib_1618 -> Chat: to be honest here
2011-03-01 17:50:17 [Message] fib_1618 -> Chat: here's what I would do
2011-03-01 17:50:34 [Message] fib_1618 -> Chat: go to a 3 month at the money strike price
2011-03-01 17:50:46 [Message] fib_1618 -> Chat: and watch the premium between at the money put and call
2011-03-01 17:50:52 [Message] fib_1618 -> Chat: for example
2011-03-01 17:51:10 [Message] fib_1618 -> Chat: SPX cash is at 1306
2011-03-01 17:51:21 [Message] fib_1618 -> Chat: I would look at the May 1305's
2011-03-01 17:51:45 [Message] fib_1618 -> Chat: and at 1306 you know that the premium will be higher with the calls
2011-03-01 17:51:55 [Message] fib_1618 -> Chat: watch the puts as prices come closer to the strike price
2011-03-01 17:52:11 [Message] fib_1618 -> Chat: and...well...what I used to do was track it every 30 minutes
2011-03-01 17:52:25 [Message] fib_1618 -> Chat: you can fine tune it for your style of trading
2011-03-01 17:52:36 [Message] fib_1618 -> Chat: but for you...in this particular context
2011-03-01 17:52:52 [Message] fib_1618 -> Chat: just look at the closing prices of the at the money strikes at the close
2011-03-01 17:53:18 [Message] fib_1618 -> Chat: and the side that has the bigger premium is the side the majority is betting on
2011-03-01 17:53:30 [Message] fib_1618 -> Chat: it's just something you have to watch
2011-03-01 17:53:56 [Message] fib_1618 -> Chat: Lew...do you watch the OEX primarily?
2011-03-01 17:53:58 [Message] Pricewatcher -> Chat: Is there a place where option prices can be seen intraday for free?
2011-03-01 17:54:04 [Message] fib_1618 -> Chat: yes...
2011-03-01 17:54:07 [Message] fib_1618 -> Chat: CME
2011-03-01 17:54:22 [Message] fib_1618 -> Chat: ummm...I don't know if I....
2011-03-01 17:54:24 [Message] fib_1618 -> Chat: wait
2011-03-01 17:54:28 [Message] fib_1618 -> Chat: I have a better one for you
2011-03-01 17:54:29 [Message] fib_1618 -> Chat: Yahoo
2011-03-01 17:54:34 [Message] fib_1618 -> Chat: one sec
2011-03-01 17:55:52 [Message] fib_1618 -> Chat: why can't I copy and paste!!
2011-03-01 17:56:10 [Message] Pricewatcher -> Chat: It does not work for me either
2011-03-01 17:56:23 [Message] Pricewatcher -> Chat: I am on a mac
2011-03-01 17:56:40 [Message] fib_1618 -> Chat: something is wrong...will have to check it
2011-03-01 17:56:41 [Message] fib_1618 -> Chat: do this
2011-03-01 17:56:49 [Message] fib_1618 -> Chat: in your search box
2011-03-01 17:56:59 [Message] fib_1618 -> Chat: put in SPY May 130 calls
2011-03-01 17:57:06 [Message] fib_1618 -> Chat: the first thing that should pop up is Yahoo
2011-03-01 17:57:11 [Message] fib_1618 -> Chat: go to that page
2011-03-01 17:57:23 [Message] fib_1618 -> Chat: and at the bottom it will give you a link for the "straddle view"
2011-03-01 17:57:37 [Message] fib_1618 -> Chat: this way you can put calls and puts side by side
2011-03-01 17:57:44 [Message] fib_1618 -> Chat: I would do the May's
2011-03-01 17:57:54 [Message] fib_1618 -> Chat: March is too close
2011-03-01 17:57:59 [Message] fib_1618 -> Chat: April might be OK...
2011-03-01 17:58:04 [Message] fib_1618 -> Chat: you'll have to play with it
2011-03-01 17:58:08 [Message] fib_1618 -> Chat: I haven't in a while
2011-03-01 17:58:10 [Message] fib_1618 -> Chat: anyway
2011-03-01 17:58:42 [Message] fib_1618 -> Chat: it would appear that much of the current indecision is being pushed by the middle east and the price of oil
2011-03-01 17:58:56 [Message] fib_1618 -> Chat: liquidity remains ample to withstand any near term shocks to the system
2011-03-01 17:59:06 [Message] fib_1618 -> Chat: volume plurality continues to decay in sympathy
2011-03-01 17:59:12 [Message] fib_1618 -> Chat: but not at an accelerated pace
2011-03-01 17:59:23 [Message] fib_1618 -> Chat: the Open 10's are now highly "oversold"
2011-03-01 17:59:35 [Message] fib_1618 -> Chat: and this will keep prices from declining in any important way from here
2011-03-01 17:59:59 [Message] fib_1618 -> Chat: the mix of MCO's and prices now suggests that the preferred outcome of this consolidation will likely be a triangle
2011-03-01 18:00:12 [Message] fib_1618 -> Chat: and minimally complete by the end of this week
2011-03-01 18:00:43 [Message] fib_1618 -> Chat: any break in the current breadth MCO's below last Thursday's lows would extend the time needed to finish this current correctional process
2011-03-01 18:00:55 [Message] fib_1618 -> Chat: and aside from that...we just have to see what happens near term
2011-03-01 18:01:02 [Message] fib_1618 -> Chat: anything else?
2011-03-01 18:01:12 [Message] Pricewatcher -> Chat: Fib, are you familiar with harmonic patterns? If so, do you know how reliable they are? I ask because the NYSE has an almost perfect 0.618/0.707/3.14 Crab pattern.
2011-03-01 18:01:51 [Message] fib_1618 -> Chat: I used to work with them...but I don't find them as useful with today's high levels of money in the system
2011-03-01 18:01:59 [Message] fib_1618 -> Chat: not to say that they don't have value
2011-03-01 18:02:06 [Message] fib_1618 -> Chat: but it's something you should work with
2011-03-01 18:02:45 [Message] fib_1618 -> Chat: every thing market is based on science
2011-03-01 18:02:57 [Message] fib_1618 -> Chat: primarily in the physics area
2011-03-01 18:03:11 [Message] fib_1618 -> Chat: harmonic dynamics are a big part of this
2011-03-01 18:03:19 [Message] fib_1618 -> Chat: sort of like a tuning fork to that of the ear
2011-03-01 18:03:43 [Message] fib_1618 -> Chat: but for the sake of being "simplistic"
2011-03-01 18:04:14 [Message] fib_1618 -> Chat: much of what is important to the market forecasting has its weighting with the McClellan's
2011-03-01 18:04:56 [Message] fib_1618 -> Chat: anything else?
2011-03-01 18:05:04 [Message] fib_1618 -> Chat: as a reminder
2011-03-01 18:05:13 [Message] fib_1618 -> Chat: next week will be Monday and Tuesday only
2011-03-01 18:05:30 [Message] fib_1618 -> Chat: but back here again this coming Thursday
2011-03-01 18:05:53 [Message] fib_1618 -> Chat: if there's nothing else then
2011-03-01 18:05:56 [Message] fib_1618 -> Chat: I'm going to take off
2011-03-01 18:06:02 [Message] fib_1618 -> Chat: everyone have a great couple of days
2011-03-01 18:06:12 [Message] fib_1618 -> Chat: and we'll hash things out again on Thursday
2011-03-01 18:06:13 [Message] fib_1618 -> Chat: good night
2011-03-01 18:06:30 [Message] Pricewatcher -> Chat: Good night. Thanks!


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