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fib_1618

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Reply with quote  #1 
2011-03-16 16:00:13 [Message] fib_1618 -> Chat: good (?) day
2011-03-16 16:00:19 [Message] fib_1618 -> Chat: how is everyone?
2011-03-16 16:00:57 [Message] thespookyone -> Chat: Made a ton today, and left another ton on the table LOL
2011-03-16 16:01:14 [Message] fib_1618 -> Chat: you closed half and holding half?
2011-03-16 16:01:45 [Message] thespookyone -> Chat: no, I took profits too early-but would do same again
2011-03-16 16:01:58 [Message] fib_1618 -> Chat: no one ever complained about taking profits
2011-03-16 16:02:09 [Message] fib_1618 -> Chat: and we have a better feel now
2011-03-16 16:02:13 [Message] thespookyone -> Chat: nope, and this is touchy ground
2011-03-16 16:02:28 [Message] fib_1618 -> Chat: or torched ground
2011-03-16 16:02:43 [Message] thespookyone -> Chat: yes, feel is good-just the nuclear stuff
2011-03-16 16:03:08 [Message] fib_1618 -> Chat: this is going to end badly it would seem
2011-03-16 16:03:19 [Message] fib_1618 -> Chat: I don't like the rhythm here
2011-03-16 16:03:19 [Message] thespookyone -> Chat: which?
2011-03-16 16:03:22 [Message] fib_1618 -> Chat: both
2011-03-16 16:03:34 [Message] fib_1618 -> Chat: definitely a 3rd wave down in progress
2011-03-16 16:03:36 [Message] thespookyone -> Chat: thought you meant both
2011-03-16 16:03:46 [Message] thespookyone -> Chat: yes, a 3rd wave
2011-03-16 16:04:02 [Message] fib_1618 -> Chat: and it looks like we may have a new ball game now
2011-03-16 16:04:07 [Message] pricewatcher -> Chat: Does the premium help in determining this?
2011-03-16 16:04:27 [Message] fib_1618 -> Chat: it would...the put premiums should be very high here
2011-03-16 16:04:44 [Message] thespookyone -> Chat: they are!
2011-03-16 16:04:54 [Message] fib_1618 -> Chat: but in our sphere of chat
2011-03-16 16:05:01 [Message] pricewatcher -> Chat: VIX also made new high today
2011-03-16 16:05:08 [Message] fib_1618 -> Chat: I'm pretty sure that we've made new lows now in the MCO
2011-03-16 16:05:20 [Message] fib_1618 -> Chat: not surprising on the VIX
2011-03-16 16:05:30 [Message] fib_1618 -> Chat: aren't YOU panicking?
2011-03-16 16:05:49 [Message] fib_1618 -> Chat: there's nothing good going on right now
2011-03-16 16:06:01 [Message] fib_1618 -> Chat: could be the key to a bottom...but I don't think so
2011-03-16 16:06:17 [Message] thespookyone -> Chat: not me, I'm shooting ducks
2011-03-16 16:06:40 [Message] fib_1618 -> Chat: btw - we're getting some tremendous increases in prices from China right now
2011-03-16 16:07:00 [Message] fib_1618 -> Chat: so if I were you
2011-03-16 16:07:19 [Message] fib_1618 -> Chat: I would looking around at anything made there and start buying
2011-03-16 16:07:35 [Message] thespookyone -> Chat: thanks!
2011-03-16 16:07:50 [Message] fib_1618 -> Chat: and I'm not even going to mention the still higher increases I'm getting from the US mills
2011-03-16 16:07:59 [Message] fib_1618 -> Chat: some 40% in some cases
2011-03-16 16:08:15 [Message] thespookyone -> Chat: won't chip prices soar, and steel?
2011-03-16 16:08:16 [Message] fib_1618 -> Chat: keep in mind folks
2011-03-16 16:08:40 [Message] fib_1618 -> Chat: that my industry is the first one to feel price increases that really count toward inflation
2011-03-16 16:08:56 [Message] fib_1618 -> Chat: but you already feel the pain now
2011-03-16 16:09:10 [Message] fib_1618 -> Chat: look at the PPI this morning
2011-03-16 16:09:19 [Message] fib_1618 -> Chat: with food prices up 3.4% in one month
2011-03-16 16:09:30 [Message] fib_1618 -> Chat: push comes to shove...food is the priority
2011-03-16 16:09:44 [Message] fib_1618 -> Chat: you want a Japanese product?
2011-03-16 16:09:52 [Message] fib_1618 -> Chat: better buy it now
2011-03-16 16:10:03 [Message] fib_1618 -> Chat: and forget about parts for a while...at least a month
2011-03-16 16:10:23 [Message] fib_1618 -> Chat: big heavy sigh
2011-03-16 16:10:36 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2011-03-16 16:10:48 [Message] sp 112358 -> Chat: Could you please look (later) at the ctrl-c function in the chat room. I can not copy and paste into other applications e.g. MS Word or txt files. TIA
2011-03-16 16:10:58 [Message] fib_1618 -> Chat: oh - I found out the problem
2011-03-16 16:11:02 [Message] fib_1618 -> Chat: it's Sun's Java
2011-03-16 16:11:10 [Message] fib_1618 -> Chat: you probably have Java 6 build 24
2011-03-16 16:11:22 [Message] fib_1618 -> Chat: you have to delete build 24 and go back to build 23
2011-03-16 16:11:24 [Message] pricewatcher -> Chat: Also Apple's Java. I am on a mac and have the same problem
2011-03-16 16:11:28 [Message] fib_1618 -> Chat: ummm....
2011-03-16 16:11:34 [Message] fib_1618 -> Chat: it's the java
2011-03-16 16:11:41 [Message] pricewatcher -> Chat: Yes
2011-03-16 16:11:45 [Message] fib_1618 -> Chat: I went back to 23 and everything is OK
2011-03-16 16:11:50 [Message] sp 112358 -> Chat: OK - will do - thanks
2011-03-16 16:12:04 [Message] tracca -> Chat: 23 still available at their site?
2011-03-16 16:12:10 [Message] fib_1618 -> Chat: no
2011-03-16 16:12:14 [Message] fib_1618 -> Chat: you have to do a search
2011-03-16 16:12:17 [Message] fib_1618 -> Chat: I got it from...
2011-03-16 16:12:23 [Message] fib_1618 -> Chat: I'm trying to remember
2011-03-16 16:12:29 [Message] fib_1618 -> Chat: give me a moment I'll look it up
2011-03-16 16:15:24 [Message] fib_1618 -> Chat: http://www.oldapps.com/java.php?old_java=70
2011-03-16 16:15:30 [Message] fib_1618 -> Chat: half way down the page
2011-03-16 16:15:58 [Message] fib_1618 -> Chat: the other quirk with build 24 is if you're watching something on You Tube
2011-03-16 16:16:16 [Message] fib_1618 -> Chat: and you go to another window
2011-03-16 16:16:26 [Message] fib_1618 -> Chat: the video is superimposed on the that window
2011-03-16 16:16:32 [Message] fib_1618 -> Chat: Sun screwed up
2011-03-16 16:16:36 [Message] fib_1618 -> Chat: it happens
2011-03-16 16:16:44 [Message] fib_1618 -> Chat: but that's the fix
2011-03-16 16:16:54 [Message] sp 112358 -> Chat: Thanks
2011-03-16 16:17:04 [Message] fib_1618 -> Chat: I would wait until we're done so you can review the chat
2011-03-16 16:17:12 [Message] fib_1618 -> Chat: take care of it tomorrow
2011-03-16 16:17:26 [Message] fib_1618 -> Chat: OK...let me get DP up (sigh) and we'll get started
2011-03-16 16:17:40 [Message] fib_1618 -> Chat: news wire - "Tokyo Stock Exchange Refutes Rumors It Will Be Closed Thursday..."
2011-03-16 16:17:51 [Message] thespookyone -> Chat: jeez
2011-03-16 16:17:53 [Message] fib_1618 -> Chat: just as we talked about
2011-03-16 16:18:11 [Message] fib_1618 -> Chat: it should open in 45 minutes
2011-03-16 16:18:24 [Message] fib_1618 -> Chat: tower 4 is a goner
2011-03-16 16:18:37 [Message] fib_1618 -> Chat: it's such a shame
2011-03-16 16:19:08 [Message] fib_1618 -> Chat: "Radiation Found on NBC News Crew, Lester Holt"
2011-03-16 16:19:26 [Message] fib_1618 -> Chat: why anyone would go there to begin with is beyond me
2011-03-16 16:19:42 [Message] fib_1618 -> Chat: "to get the story" ....sure
2011-03-16 16:20:27 [Message] fib_1618 -> Chat: well...breadth plurality wasn't "that bad" today
2011-03-16 16:20:39 [Message] fib_1618 -> Chat: just a smidgen above 3:1 negative
2011-03-16 16:20:41 [Message] fib_1618 -> Chat: but the CO NYSE breadth MCO moved to new lows today
2011-03-16 16:21:07 [Message] fib_1618 -> Chat: and this now confirms that we're in a prolonged correctional period now
2011-03-16 16:21:21 [Message] fib_1618 -> Chat: at least a month
2011-03-16 16:21:23 [Message] fib_1618 -> Chat: maybe two
2011-03-16 16:21:53 [Message] fib_1618 -> Chat: you'll also note that the CO NYSE breadth MCO broke horizontal support today
2011-03-16 16:22:01 [Message] fib_1618 -> Chat: with the desired effect with prices
2011-03-16 16:22:20 [Message] fib_1618 -> Chat: so we now have a classic technical breakdown in progress
2011-03-16 16:22:39 [Message] fib_1618 -> Chat: with the 7500 level on the NYA now the first objective
2011-03-16 16:23:09 [Message] fib_1618 -> Chat: and if we break the May lows from last year on the MCO
2011-03-16 16:23:16 [Message] fib_1618 -> Chat: price is sure to follow
2011-03-16 16:23:28 [Message] fib_1618 -> Chat: so some very important days coming up here
2011-03-16 16:23:50 [Message] fib_1618 -> Chat: on the semi bright side
2011-03-16 16:23:54 [Message] thespookyone -> Chat: this rubber band is getting pretty stretched, no?
2011-03-16 16:24:24 [Message] fib_1618 -> Chat: the 10% index on the CO MCO component hasn't as yet broken below the same low points in the MCO
2011-03-16 16:24:38 [Message] fib_1618 -> Chat: so we have some internal divergence in play here
2011-03-16 16:25:00 [Message] fib_1618 -> Chat: which can give us a rather robust snapback in prices IF we get some good news here
2011-03-16 16:25:14 [Message] fib_1618 -> Chat: but the emotionalism going on here is very thick
2011-03-16 16:25:32 [Message] fib_1618 -> Chat: and being that this is now the second straight day in which a technical bounce was indicated
2011-03-16 16:25:36 [Message] fib_1618 -> Chat: and none was found
2011-03-16 16:25:46 [Message] fib_1618 -> Chat: this is a large warning signal for the bulls
2011-03-16 16:25:59 [Message] fib_1618 -> Chat: that if they don't find "the will" to step in here
2011-03-16 16:26:06 [Message] fib_1618 -> Chat: and provide some bids
2011-03-16 16:26:22 [Message] fib_1618 -> Chat: a "crash like" event will be the result
2011-03-16 16:26:25 [Message] fib_1618 -> Chat: sadly
2011-03-16 16:26:37 [Message] fib_1618 -> Chat: something like this is a bit on the late side
2011-03-16 16:26:56 [Message] fib_1618 -> Chat: but if Japan is put out of the picture in the global economy
2011-03-16 16:27:01 [Message] fib_1618 -> Chat: and can't pay its debts
2011-03-16 16:27:07 [Message] fib_1618 -> Chat: which are the largest on the planet...
2011-03-16 16:27:16 [Message] fib_1618 -> Chat: sigh
2011-03-16 16:27:36 [Message] fib_1618 -> Chat: don't know what to say...so I'll move on
2011-03-16 16:28:01 [Message] fib_1618 -> Chat: the composite NYSE breadth MCO also broke below its November lows today
2011-03-16 16:28:39 [Message] fib_1618 -> Chat: and here we thrashed through the +500 level causing the hard decline today
2011-03-16 16:29:11 [Message] fib_1618 -> Chat: the next potential support area is the December horizontal ledge pattern
2011-03-16 16:29:18 [Message] fib_1618 -> Chat: but like the CO breadth MCSUM
2011-03-16 16:29:24 [Message] fib_1618 -> Chat: if we can't hold that
2011-03-16 16:29:50 [Message] fib_1618 -> Chat: the potential of an even larger one day decline is probable
2011-03-16 16:30:10 [Message] fib_1618 -> Chat: so it's going to take a full stop and reverse hard move to do this
2011-03-16 16:30:19 [Message] fib_1618 -> Chat: and I don't think we have it in us
2011-03-16 16:30:30 [Message] fib_1618 -> Chat: so as we mentioned yesterday
2011-03-16 16:30:46 [Message] fib_1618 -> Chat: we'll more likely go for the downside objective quickly here
2011-03-16 16:30:55 [Message] fib_1618 -> Chat: and then see an equal and opposite move to the upside
2011-03-16 16:31:13 [Message] fib_1618 -> Chat: in other words...it's going to get more volatile here near term
2011-03-16 16:32:05 [Message] fib_1618 -> Chat: the NASDAQ breadth MCSUM is now digging lower
2011-03-16 16:32:13 [Message] fib_1618 -> Chat: without much of a slow down
2011-03-16 16:32:25 [Message] fib_1618 -> Chat: lots of money is leaving this marketplace now
2011-03-16 16:32:42 [Message] fib_1618 -> Chat: as the bears have total control of the action here
2011-03-16 16:33:10 [Message] fib_1618 -> Chat: technical breakdown now in the NDX
2011-03-16 16:33:19 [Message] fib_1618 -> Chat: as the NDX breadth MCO has broken to new lows
2011-03-16 16:33:36 [Message] fib_1618 -> Chat: 2100 is still the minimal target for now
2011-03-16 16:33:56 [Message] fib_1618 -> Chat: technical breakdown now on the SPX
2011-03-16 16:34:19 [Message] fib_1618 -> Chat: with the SPX breadth MCSUM approaching its key support area
2011-03-16 16:34:46 [Message] fib_1618 -> Chat: wow
2011-03-16 16:34:52 [Message] fib_1618 -> Chat: technical breakdown in the OEX
2011-03-16 16:35:04 [Message] fib_1618 -> Chat: keep in mind here
2011-03-16 16:35:18 [Message] fib_1618 -> Chat: that as the MCSUM approaches its zero line
2011-03-16 16:35:42 [Message] fib_1618 -> Chat: the turbulence will tend to increase as the abrupt shift from one side to the other takes place
2011-03-16 16:36:14 [Message] fib_1618 -> Chat: Dow price target now is 11,000
2011-03-16 16:36:35 [Message] fib_1618 -> Chat: and we're getting very close to last May's lows on the MCO
2011-03-16 16:37:00 [Message] fib_1618 -> Chat: and then when we get to the MID
2011-03-16 16:37:25 [Message] fib_1618 -> Chat: this animal is definitely running to a different drummer
2011-03-16 16:37:38 [Message] fib_1618 -> Chat: as the price pattern continues to hold support within its consolidation area
2011-03-16 16:37:49 [Message] fib_1618 -> Chat: with an inside range day today
2011-03-16 16:38:03 [Message] fib_1618 -> Chat: which suggests an up close on Thursday
2011-03-16 16:38:38 [Message] fib_1618 -> Chat: and it held today in face of the MID breadth MCSUM breaking both horizontal support and the +500 level
2011-03-16 16:39:09 [Message] fib_1618 -> Chat: Just got a flash..."Tokyo to open on time"
2011-03-16 16:39:21 [Message] fib_1618 -> Chat: they don't want to cause any more panic here
2011-03-16 16:39:45 [Message] fib_1618 -> Chat: that would be more dangerous than tower 4
2011-03-16 16:40:08 [Message] fib_1618 -> Chat: looking at the MID breadth MCO
2011-03-16 16:40:24 [Message] fib_1618 -> Chat: it is also at the levels seen where we have had bounces in the past 9 months
2011-03-16 16:40:37 [Message] fib_1618 -> Chat: so here again we "should" have a bounce
2011-03-16 16:40:51 [Message] fib_1618 -> Chat: all the market wants is some relief from the bad news
2011-03-16 16:41:21 [Message] fib_1618 -> Chat: the SML closed below the important price support of 420 today
2011-03-16 16:41:45 [Message] fib_1618 -> Chat: but it's the lows of the January consolidation that are the most important here
2011-03-16 16:41:47 [Message] fib_1618 -> Chat: however
2011-03-16 16:41:55 [Message] fib_1618 -> Chat: looking at the SML breadth MCSUM
2011-03-16 16:42:25 [Message] fib_1618 -> Chat: and we're getting awfully close to a zero line cross which would, in theory, be the energy needed to break these same lows
2011-03-16 16:42:49 [Message] fib_1618 -> Chat: even a small point change would do it for tomorrow
2011-03-16 16:46:40 [Message] fib_1618 -> Chat: we also have a technical breakdown now in the TM breadth MCO
2011-03-16 16:46:50 [Message] fib_1618 -> Chat: with a mid range close on the TM price pattern
2011-03-16 16:47:13 [Message] fib_1618 -> Chat: so far then
2011-03-16 16:47:32 [Message] fib_1618 -> Chat: not much has changed from yesterday as far as expectations are concerned near term
2011-03-16 16:48:02 [Message] fib_1618 -> Chat: but we did suffer some technical breakdowns in the internals that would suggest that more time will be needed before we will see another rally attempt
2011-03-16 16:48:13 [Message] fib_1618 -> Chat: yes, there will be reflex rallies from time to time
2011-03-16 16:48:45 [Message] fib_1618 -> Chat: but it's going to take some time to build texture again to where the bulls can build on to move the market higher for longer than a week at a time
2011-03-16 16:49:09 [Message] fib_1618 -> Chat: pressure here is quite high where, once released, we're likely to see a 2-3 day bounce
2011-03-16 16:49:47 [Message] fib_1618 -> Chat: and from where the initial move high will probably have fast market conditions as shorts rush to cover
2011-03-16 16:50:00 [Message] fib_1618 -> Chat: bigger picture wise
2011-03-16 16:50:09 [Message] fib_1618 -> Chat: it's far too early to give an opinion on this
2011-03-16 16:50:42 [Message] fib_1618 -> Chat: since we have the unusual situation of Japan
2011-03-16 16:50:59 [Message] fib_1618 -> Chat: but hopefully by the end of this week we'll have more to work with
2011-03-16 16:51:08 [Message] fib_1618 -> Chat: and as we talked about yesterday
2011-03-16 16:51:13 [Message] fib_1618 -> Chat: it's now a day to day situation
2011-03-16 16:51:35 [Message] fib_1618 -> Chat: let's see what the sector MCO and MCSUM charts look like
2011-03-16 16:51:55 [Message] fib_1618 -> Chat: the XLY is still hanging in there
2011-03-16 16:52:02 [Message] fib_1618 -> Chat: no real breakdown as yet
2011-03-16 16:52:14 [Message] fib_1618 -> Chat: but any further pressure near term and it will cave
2011-03-16 16:52:47 [Message] fib_1618 -> Chat: but the XLP is not looking good here at all
2011-03-16 16:53:12 [Message] fib_1618 -> Chat: there's nothing "defensive" going on there
2011-03-16 16:53:14 [Message] fib_1618 -> Chat: and it might be
2011-03-16 16:53:43 [Message] fib_1618 -> Chat: that much of what is hurting the staples is that these same staples might have ties to Asia
2011-03-16 16:53:54 [Message] fib_1618 -> Chat: either in Japan
2011-03-16 16:54:00 [Message] fib_1618 -> Chat: China...or Korea
2011-03-16 16:54:16 [Message] fib_1618 -> Chat: which are just across the sea from Japan
2011-03-16 16:54:57 [Message] fib_1618 -> Chat: note that it's been only in three days in which we've been able to go from a zero line reading to a -109
2011-03-16 16:55:09 [Message] fib_1618 -> Chat: that is literally(excuse the metaphor) a tsunami of selling
2011-03-16 16:55:16 [Message] fib_1618 -> Chat: not a good omen
2011-03-16 16:55:42 [Message] fib_1618 -> Chat: fortunately for the price pattern the MCSUM remains fairly high here
2011-03-16 16:55:51 [Message] fib_1618 -> Chat: but it too broke below the +500 level today
2011-03-16 16:56:04 [Message] fib_1618 -> Chat: and looking at the MCSUM
2011-03-16 16:56:13 [Message] fib_1618 -> Chat: and I don't know if this is appropriate or not to the indicator itself
2011-03-16 16:56:22 [Message] fib_1618 -> Chat: but we have a sloppy SOB pattern in work here
2011-03-16 16:57:12 [Message] fib_1618 -> Chat: the XLE continues to hold nicely here
2011-03-16 16:57:22 [Message] fib_1618 -> Chat: and looking at the XLE breadth MCO over the last couple of days
2011-03-16 16:57:37 [Message] fib_1618 -> Chat: this is what we should expect with all of the MCO's once we get our reflex
2011-03-16 16:58:14 [Message] fib_1618 -> Chat: technical breakdown in the XLF breadth MCO
2011-03-16 16:58:17 [Message] fib_1618 -> Chat: not surprising
2011-03-16 16:58:43 [Message] fib_1618 -> Chat: a Japan without an economy will kill the banking industry
2011-03-16 16:59:24 [Message] fib_1618 -> Chat: and the internals for Health Care has collapsed
2011-03-16 17:00:01 [Message] fib_1618 -> Chat: this might suggest that there will not be a national plan because we can no longer afford it (nor health care in general)
2011-03-16 17:00:31 [Message] fib_1618 -> Chat: first support there is the 28 level
2011-03-16 17:01:04 [Message] fib_1618 -> Chat: but after a bounce, it's probably going to break below that unless something remarkable takes place
2011-03-16 17:01:28 [Message] fib_1618 -> Chat: the XLI remains in a corrective mode
2011-03-16 17:01:56 [Message] fib_1618 -> Chat: but since we broke below the November lows in the XLI breadth MCO
2011-03-16 17:02:11 [Message] fib_1618 -> Chat: the downside price objective here would be the 32 level
2011-03-16 17:02:54 [Message] fib_1618 -> Chat: technical breakdown on the XLB
2011-03-16 17:03:03 [Message] fib_1618 -> Chat: with an inside range day in prices
2011-03-16 17:03:15 [Message] fib_1618 -> Chat: when we talk about technical breakdowns
2011-03-16 17:03:41 [Message] fib_1618 -> Chat: the notion here is that what was the primary trend of the market prior to this breakdown is no more
2011-03-16 17:03:55 [Message] fib_1618 -> Chat: in other words...it is now PROVEN otherwise that the trend is higher
2011-03-16 17:04:15 [Message] fib_1618 -> Chat: initial price objective here is the 34 level
2011-03-16 17:04:38 [Message] fib_1618 -> Chat: and the XLK looks terrible
2011-03-16 17:04:58 [Message] fib_1618 -> Chat: Nikkei opens down 2%
2011-03-16 17:05:08 [Message] fib_1618 -> Chat: Futures down 6.3%
2011-03-16 17:05:23 [Message] fib_1618 -> Chat: this is not shaping up to be a good day (sign of a reversal?)
2011-03-16 17:06:08 [Message] fib_1618 -> Chat: even the XLU is getting clobbered here
2011-03-16 17:06:32 [Message] fib_1618 -> Chat: which makes some sense as being sympathetic to Japan's problems
2011-03-16 17:07:01 [Message] fib_1618 -> Chat: but it does provide a nice dividend and that should help hold prices in check
2011-03-16 17:07:04 [Message] fib_1618 -> Chat: so...
2011-03-16 17:07:13 [Message] fib_1618 -> Chat: not too much in the way of good news here
2011-03-16 17:07:28 [Message] fib_1618 -> Chat: trading wise
2011-03-16 17:07:38 [Message] fib_1618 -> Chat: if you have the stomach for it
2011-03-16 17:07:49 [Message] fib_1618 -> Chat: hit and run
2011-03-16 17:08:23 [Message] fib_1618 -> Chat: me...I'm probably going to stand aside here out of respect
2011-03-16 17:09:08 [Message] fib_1618 -> Chat: let's look at the volume McClellan's
2011-03-16 17:09:31 [Message] fib_1618 -> Chat: the CO NYSE volume MCO is now at important support
2011-03-16 17:10:06 [Message] fib_1618 -> Chat: where a bounce here would be take some pressure off
2011-03-16 17:10:34 [Message] fib_1618 -> Chat: technical breakdown in the composite NYSE volume MCO
2011-03-16 17:11:00 [Message] fib_1618 -> Chat: same now with the NASDAQ volume MCO
2011-03-16 17:11:34 [Message] fib_1618 -> Chat: the NDX volume MCSUM just moved down and through its zero line today
2011-03-16 17:12:04 [Message] fib_1618 -> Chat: the one saving grace here is that we are highly "oversold" here
2011-03-16 17:12:25 [Message] fib_1618 -> Chat: but the circumstances are not indicative of a turn
2011-03-16 17:12:39 [Message] fib_1618 -> Chat: oh boy
2011-03-16 17:12:53 [Message] fib_1618 -> Chat: the SPX volume MCO has broken support
2011-03-16 17:13:03 [Message] fib_1618 -> Chat: and the SPX volume MCSUM is about to go negative
2011-03-16 17:13:34 [Message] fib_1618 -> Chat: the OEX volume MCO is still hanging in there
2011-03-16 17:13:54 [Message] fib_1618 -> Chat: but the expectation here is that we should see the OEX volume MCSUM move to the -500 level before this is over
2011-03-16 17:14:19 [Message] fib_1618 -> Chat: the Dow volume MCO is still above its November lows
2011-03-16 17:15:26 [Message] fib_1618 -> Chat: the MID volume MCO still remains above its July divergent lows
2011-03-16 17:15:55 [Message] fib_1618 -> Chat: which is probably the reason why the price pattern still hasn't broken down here
2011-03-16 17:16:17 [Message] fib_1618 -> Chat: but the SML volume MCO has moved to lower lows now
2011-03-16 17:16:36 [Message] fib_1618 -> Chat: it's just so strange to see the SML and MID holding up here
2011-03-16 17:17:01 [Message] fib_1618 -> Chat: and the TM volume MCO has moved to lower lows
2011-03-16 17:17:05 [Message] fib_1618 -> Chat: so...
2011-03-16 17:17:23 [Message] fib_1618 -> Chat: the good news is that we are highly "oversold" here and can bounce at any time
2011-03-16 17:17:32 [Message] fib_1618 -> Chat: the bad news is...well...the bad news
2011-03-16 17:17:50 [Message] fib_1618 -> Chat: which is putting a lot a pressure on the liquidity flow
2011-03-16 17:18:05 [Message] fib_1618 -> Chat: people selling anything to cover positions
2011-03-16 17:18:10 [Message] fib_1618 -> Chat: whether they be on margin or to cover losses
2011-03-16 17:19:09 [Message] fib_1618 -> Chat: CVI's are now washed out
2011-03-16 17:19:23 [Message] fib_1618 -> Chat: so a reflex will start at anytime
2011-03-16 17:19:29 [Message] fib_1618 -> Chat: STVO's are now washed out
2011-03-16 17:19:37 [Message] fib_1618 -> Chat: and the VTO's are now "oversold"
2011-03-16 17:19:50 [Message] fib_1618 -> Chat: and to think I didn't expect this until sometime next week
2011-03-16 17:20:05 [Message] fib_1618 -> Chat: THAT's how weak we are here
2011-03-16 17:20:29 [Message] fib_1618 -> Chat: definitely in a 3rd wave down
2011-03-16 17:20:33 [Message] fib_1618 -> Chat: might be at the center point
2011-03-16 17:20:43 [Message] fib_1618 -> Chat: but at the same time
2011-03-16 17:21:07 [Message] fib_1618 -> Chat: an "out of the blue" fourth wave would be the better interpretation under "normal" circumstances
2011-03-16 17:21:14 [Message] fib_1618 -> Chat: I just don't have an answer here
2011-03-16 17:21:30 [Message] thespookyone -> Chat: I think the 3 may have completed today
2011-03-16 17:21:31 [Message] fib_1618 -> Chat: oh wow
2011-03-16 17:21:42 [Message] fib_1618 -> Chat: NYSE TRIN at 3.04
2011-03-16 17:21:48 [Message] fib_1618 -> Chat: technically a buy signal
2011-03-16 17:22:10 [Message] fib_1618 -> Chat: Open 10 back to highly "oversold" now at 1.20
2011-03-16 17:22:25 [Message] fib_1618 -> Chat: NASDAQ TRIN at 2.61
2011-03-16 17:22:34 [Message] fib_1618 -> Chat: Open 10 at 1.14
2011-03-16 17:22:47 [Message] fib_1618 -> Chat: TM TRIN at 2.71
2011-03-16 17:22:55 [Message] fib_1618 -> Chat: Open 10 at 1.18
2011-03-16 17:22:59 [Message] fib_1618 -> Chat: so...we're washed out
2011-03-16 17:23:18 [Message] fib_1618 -> Chat: all of the willing AND unwilling sellers have capitulated
2011-03-16 17:23:29 [Message] fib_1618 -> Chat: but is it over?
2011-03-16 17:23:35 [Message] fib_1618 -> Chat: I don't know
2011-03-16 17:23:49 [Message] fib_1618 -> Chat: it's totally a crap shoot here
2011-03-16 17:24:05 [Message] fib_1618 -> Chat: and I'm not in the mood in making money on the backs of people suffering
2011-03-16 17:24:14 [Message] thespookyone -> Chat: I like a wave 4 here...just me
2011-03-16 17:24:22 [Message] fib_1618 -> Chat: it should be
2011-03-16 17:24:33 [Message] fib_1618 -> Chat: but it's wild guess when we'll turn
2011-03-16 17:24:41 [Message] fib_1618 -> Chat: the only way we will turn at this point
2011-03-16 17:25:04 [Message] fib_1618 -> Chat: is that we'll have to have announcement that there's nothing more that can be done...and treat the masses
2011-03-16 17:25:57 [Message] fib_1618 -> Chat: did you see how the market popped up some 75 Dow points in the late afternoon on the report that the Japanese thought they were about to get the back up generators started?
2011-03-16 17:26:14 [Message] fib_1618 -> Chat: and then it became a rumor and down we went
2011-03-16 17:26:32 [Message] fib_1618 -> Chat: there is a lot of terrible people out there playing games of rumors right now
2011-03-16 17:26:39 [Message] fib_1618 -> Chat: it sickens me to see this
2011-03-16 17:26:52 [Message] fib_1618 -> Chat: bottom line
2011-03-16 17:27:04 [Message] fib_1618 -> Chat: aside from the tragedy of it all
2011-03-16 17:27:29 [Message] fib_1618 -> Chat: is that we are technically in a position to see a sudden and forceful snapback in the price patterns
2011-03-16 17:27:37 [Message] fib_1618 -> Chat: Elliott wise...it would be wave 4
2011-03-16 17:27:59 [Message] fib_1618 -> Chat: but until this happens...we remain under the influence of a third wave
2011-03-16 17:28:03 [Message] fib_1618 -> Chat: now...let's do this
2011-03-16 17:28:25 [Message] fib_1618 -> Chat: let's get some measuring objectives for this third wave so we have some sort of idea of where a turn MIGHT occur
2011-03-16 17:28:27 [Message] fib_1618 -> Chat: one moment
2011-03-16 17:29:28 [Message] fib_1618 -> Chat: first off
2011-03-16 17:29:42 [Message] fib_1618 -> Chat: we have a small series of 1's and 2's working
2011-03-16 17:29:48 [Message] fib_1618 -> Chat: with that knowledge
2011-03-16 17:30:03 [Message] fib_1618 -> Chat: we know that there will have to be a small series of 4's and 5's to complete the pattern
2011-03-16 17:30:38 [Message] fib_1618 -> Chat: the center point of which might be on our doorstep...in other words...a gap would be created on tomorrows cash open
2011-03-16 17:31:12 [Message] fib_1618 -> Chat: I have the larger two completed at 1330.97 during the first week of March
2011-03-16 17:32:02 [Message] fib_1618 -> Chat: the lower top after that at 1321.82 was the lower degree 2nd wave
2011-03-16 17:33:00 [Message] fib_1618 -> Chat: wave 1 transversed 36.91 points
2011-03-16 17:33:29 [Message] fib_1618 -> Chat: the minimal objective of wave 3 would be equality at 1294.06
2011-03-16 17:33:35 [Message] fib_1618 -> Chat: we've gone beyond that
2011-03-16 17:33:45 [Message] fib_1618 -> Chat: next would be 1.618 times the length of wave 1
2011-03-16 17:34:02 [Message] fib_1618 -> Chat: 1271.25
2011-03-16 17:34:06 [Message] fib_1618 -> Chat: next 2.618 times wave 1
2011-03-16 17:34:27 [Message] pricewatcher -> Chat: How about 2.24?
2011-03-16 17:34:41 [Message] fib_1618 -> Chat: 1234.34
2011-03-16 17:34:50 [Message] fib_1618 -> Chat: not likely
2011-03-16 17:35:07 [Message] fib_1618 -> Chat: since third waves have the highest amount of impulsive energy
2011-03-16 17:35:29 [Message] fib_1618 -> Chat: they tend to move in Fib sequences that are well known
2011-03-16 17:35:43 [Message] fib_1618 -> Chat: we're at 1256.88
2011-03-16 17:35:44 [Message] pricewatcher -> Chat: OK. Good point
2011-03-16 17:36:14 [Message] fib_1618 -> Chat: so another 22.54 points of downside is probable here
2011-03-16 17:36:44 [Message] fib_1618 -> Chat: or another 2%
2011-03-16 17:37:26 [Message] fib_1618 -> Chat: from top to bottom that would be a "crash" of 7%
2011-03-16 17:37:57 [Message] tracca -> Chat: is 1234 area the target or not?
2011-03-16 17:37:58 [Message] fib_1618 -> Chat: anybody working with the 1234 level as a target?
2011-03-16 17:38:06 [Message] fib_1618 -> Chat: that would be the target...yes
2011-03-16 17:38:14 [Message] fib_1618 -> Chat: at least short term
2011-03-16 17:38:35 [Message] fib_1618 -> Chat: the total downside objective by way of the MCO is 1190
2011-03-16 17:39:04 [Message] fib_1618 -> Chat: so...let's see what the next Fib level is....4.236
2011-03-16 17:39:07 [Message] thespookyone -> Chat: makes sense
2011-03-16 17:39:38 [Message] fib_1618 -> Chat: ready?
2011-03-16 17:39:44 [Message] fib_1618 -> Chat: 1174.62
2011-03-16 17:39:55 [Message] fib_1618 -> Chat: given that we have a series here
2011-03-16 17:39:56 [Message] thespookyone -> Chat: perfect, my original target
2011-03-16 17:40:13 [Message] fib_1618 -> Chat: it's highly likely that we're going to move towards that target before it's all said and done
2011-03-16 17:40:32 [Message] fib_1618 -> Chat: by what way did you come up with that target Lew?
2011-03-16 17:41:03 [Message] thespookyone -> Chat: looking for a 4 wave
2011-03-16 17:41:20 [Message] thespookyone -> Chat: originally
2011-03-16 17:41:21 [Message] fib_1618 -> Chat: OK...let me go one step further then
2011-03-16 17:41:30 [Message] fib_1618 -> Chat: let's say that this is wave 4
2011-03-16 17:41:42 [Message] fib_1618 -> Chat: of the structure from the July lows
2011-03-16 17:41:50 [Message] fib_1618 -> Chat: one up into August
2011-03-16 17:41:57 [Message] fib_1618 -> Chat: two down into the end of August
2011-03-16 17:42:04 [Message] fib_1618 -> Chat: wave three now complete
2011-03-16 17:42:06 [Message] fib_1618 -> Chat: now in 4
2011-03-16 17:42:16 [Message] thespookyone -> Chat: exactly
2011-03-16 17:42:26 [Message] fib_1618 -> Chat: the most likely Fib retracement for wave 4 is .382 times the length of wave 3
2011-03-16 17:42:56 [Message] fib_1618 -> Chat: wave 3 was a whopping 295.79 SPX points
2011-03-16 17:43:18 [Message] fib_1618 -> Chat: .382 would be 113.00 points
2011-03-16 17:43:43 [Message] fib_1618 -> Chat: taken from the highs at 1343...and you get 1230
2011-03-16 17:44:24 [Message] fib_1618 -> Chat: very close to our 1234 target where its 2.618 times wave 1 on the downside
2011-03-16 17:44:31 [Message] fib_1618 -> Chat:
2011-03-16 17:44:31 [Message] pricewatcher -> Chat: Would we not have expected something more of a triangle or a flat for the 4. Wave 2 was also zig zag.
2011-03-16 17:45:02 [Message] fib_1618 -> Chat: with the emotion here...it's most likely going to turn into a flat
2011-03-16 17:45:09 [Message] fib_1618 -> Chat: and we have two to choose from
2011-03-16 17:45:33 [Message] fib_1618 -> Chat: the basic flat would give us our test of the price highs before we move back lower
2011-03-16 17:46:14 [Message] fib_1618 -> Chat: and the irregular flat would move above the price highs, which is compliment the MCSUM, and then a lower lows in wave C to test the lows given previously
2011-03-16 17:46:34 [Message] fib_1618 -> Chat: now...
2011-03-16 17:46:51 [Message] fib_1618 -> Chat: it is VERY rare that a fourth waves goes beyond a 50% retracement
2011-03-16 17:47:00 [Message] fib_1618 -> Chat: so I'm not even going to figure a .618 pullback
2011-03-16 17:47:07 [Message] fib_1618 -> Chat: but given the emotional backdrop here
2011-03-16 17:47:17 [Message] fib_1618 -> Chat: let's see what happens if we go to 50%
2011-03-16 17:47:33 [Message] fib_1618 -> Chat: 147.90 points
2011-03-16 17:47:55 [Message] fib_1618 -> Chat: and we get 1195.12
2011-03-16 17:48:02 [Message] fib_1618 -> Chat: now...this is close only and not intraday
2011-03-16 17:48:19 [Message] fib_1618 -> Chat: which I'm sure Lew is using with his math
2011-03-16 17:48:30 [Message] thespookyone -> Chat: yes
2011-03-16 17:48:46 [Message] fib_1618 -> Chat: so an intraday "crash low" of 1174
2011-03-16 17:48:59 [Message] fib_1618 -> Chat: and then a close at 1195 would compliment both
2011-03-16 17:49:15 [Message] thespookyone -> Chat: now you got me, I was adding for the intraday low
2011-03-16 17:49:17 [Message] fib_1618 -> Chat: and there's your Elliott blueprint
2011-03-16 17:49:37 [Message] thespookyone -> Chat: I think an intraday low panic may be reasonable
2011-03-16 17:49:43 [Message] fib_1618 -> Chat: absolutely
2011-03-16 17:49:47 [Message] fib_1618 -> Chat: just like the 666 lows
2011-03-16 17:50:00 [Message] fib_1618 -> Chat: it may not be in wave 3 when we hit those lows
2011-03-16 17:50:06 [Message] fib_1618 -> Chat: they are only objectives
2011-03-16 17:50:11 [Message] fib_1618 -> Chat: can be part of 3
2011-03-16 17:50:14 [Message] fib_1618 -> Chat: but more than likely at the termination of the pattern
2011-03-16 17:50:21 [Message] fib_1618 -> Chat: so...
2011-03-16 17:50:37 [Message] fib_1618 -> Chat: how about 1234 for the end of 3
2011-03-16 17:50:46 [Message] fib_1618 -> Chat: and 1195 for the end of the structure?
2011-03-16 17:50:54 [Message] thespookyone -> Chat: love it
2011-03-16 17:50:58 [Message] fib_1618 -> Chat: probably in April or May
2011-03-16 17:51:11 [Message] fib_1618 -> Chat: the internals support this
2011-03-16 17:51:18 [Message] fib_1618 -> Chat: as does the backdrop
2011-03-16 17:51:20 [Message] fib_1618 -> Chat: and it would keep the integrity of the uptrend from the 2009 lows
2011-03-16 17:51:41 [Message] thespookyone -> Chat: don't you find multiple 1,2 3,4, a sign that it's the only way the wave gets deep enough?
2011-03-16 17:52:00 [Message] fib_1618 -> Chat: don't understand the question
2011-03-16 17:52:39 [Message] thespookyone -> Chat: well, when you have to repeat 3's and 4's it's because simple ones won't get to the needed target, imho
2011-03-16 17:53:04 [Message] thespookyone -> Chat: the market was too strong for a straight 5 down to these levels
2011-03-16 17:53:12 [Message] fib_1618 -> Chat: a series is created only because more time is needed for clarity
2011-03-16 17:53:30 [Message] fib_1618 -> Chat: the stronger or weaker the market the more clarity you have
2011-03-16 17:53:32 [Message] fib_1618 -> Chat: in this case
2011-03-16 17:53:46 [Message] fib_1618 -> Chat: we had one series of 1's and 2's
2011-03-16 17:53:57 [Message] fib_1618 -> Chat: the first series had the back drop of the Middle East
2011-03-16 17:54:26 [Message] fib_1618 -> Chat: any further battles that would cut off the supply of the very source of world economics would had collapsed the pattern by itself
2011-03-16 17:54:29 [Message] fib_1618 -> Chat: but if you remember
2011-03-16 17:54:41 [Message] fib_1618 -> Chat: the key to the region was/is Saudi Arabia
2011-03-16 17:54:54 [Message] fib_1618 -> Chat: and it was keeping things in check up until last Thursday
2011-03-16 17:55:02 [Message] fib_1618 -> Chat: but then....the Quake hit
2011-03-16 17:55:18 [Message] fib_1618 -> Chat: so the market was in a recovery mode of a lesser degree
2011-03-16 17:55:35 [Message] fib_1618 -> Chat: but then got hit hard by last Friday's tragedy
2011-03-16 17:55:40 [Message] fib_1618 -> Chat: and then
2011-03-16 17:55:54 [Message] fib_1618 -> Chat: the nuclear problem came up over the weekend
2011-03-16 17:56:05 [Message] fib_1618 -> Chat: and it's been nothing but down hill ever since
2011-03-16 17:56:10 [Message] fib_1618 -> Chat: interesting isn't it?
2011-03-16 17:56:15 [Message] thespookyone -> Chat: nice framing, thanks
2011-03-16 17:56:23 [Message] fib_1618 -> Chat: that this entire structure is really been based on energy
2011-03-16 17:56:34 [Message] fib_1618 -> Chat: first with the old school stuff
2011-03-16 17:56:36 [Message] fib_1618 -> Chat: and then the future
2011-03-16 17:56:56 [Message] fib_1618 -> Chat: so, in essence, the decline here has had purpose
2011-03-16 17:57:19 [Message] fib_1618 -> Chat: and is not based at all on liquidity or the lack of it
2011-03-16 17:57:38 [Message] fib_1618 -> Chat: but it's basis is that of future supplies to generate economic activity
2011-03-16 17:57:49 [Message] fib_1618 -> Chat: the blood source as it were
2011-03-16 17:58:04 [Message] tracca -> Chat: what is the initial target prior to 1195 area, that we may reach in few days?
2011-03-16 17:58:15 [Message] fib_1618 -> Chat: since we're hemorrhaging...it puts too much pressure on the heart and lungs
2011-03-16 17:58:26 [Message] fib_1618 -> Chat: 1234, but your guess is as good as mine
2011-03-16 17:58:37 [Message] fib_1618 -> Chat: everything is very fluid here
2011-03-16 17:58:42 [Message] fib_1618 -> Chat: again
2011-03-16 17:58:52 [Message] fib_1618 -> Chat: if tower four collapses
2011-03-16 17:59:02 [Message] fib_1618 -> Chat: and then tower 3 can't be salvages
2011-03-16 17:59:10 [Message] fib_1618 -> Chat: the more radiation that is released
2011-03-16 17:59:17 [Message] fib_1618 -> Chat: the more widespread will be the damage
2011-03-16 17:59:23 [Message] fib_1618 -> Chat: not only to Japan
2011-03-16 17:59:36 [Message] fib_1618 -> Chat: but to Korea, China, and the North American continent
2011-03-16 18:00:01 [Message] fib_1618 -> Chat: and if the wind turns south...Vietnam
2011-03-16 18:00:27 [Message] fib_1618 -> Chat: so you're talking about here the breadbasket of world manufacturing
2011-03-16 18:00:41 [Message] fib_1618 -> Chat: there are no real comparisons here
2011-03-16 18:00:53 [Message] fib_1618 -> Chat: anything I might say would be a guess
2011-03-16 18:01:00 [Message] fib_1618 -> Chat: but you have the numbers to work with
2011-03-16 18:01:11 [Message] fib_1618 -> Chat: if we are close to these same numbers in the next day or so
2011-03-16 18:01:24 [Message] fib_1618 -> Chat: you'll know to be looking for indications of a turn
2011-03-16 18:01:32 [Message] fib_1618 -> Chat: no turn...then down we go to the next objective
2011-03-16 18:01:48 [Message] fib_1618 -> Chat: it's all day to day
2011-03-16 18:01:50 [Message] fib_1618 -> Chat: and now
2011-03-16 18:01:54 [Message] fib_1618 -> Chat: it's really hour to hour
2011-03-16 18:01:56 [Message] thespookyone -> Chat: as for option hit and runs, I find quarterlies a nice choice here
2011-03-16 18:02:01 [Message] fib_1618 -> Chat: like I said yesterday
2011-03-16 18:02:17 [Message] fib_1618 -> Chat: we should know one way or the other by the end of the day on Thursday how bad it's going to get
2011-03-16 18:02:43 [Message] fib_1618 -> Chat: anyway...we all saw the data tonight
2011-03-16 18:02:48 [Message] fib_1618 -> Chat: there's nothing bullish here
2011-03-16 18:02:58 [Message] fib_1618 -> Chat: outside of a reflex rally
2011-03-16 18:03:24 [Message] fib_1618 -> Chat: it would do me no good to try to put a positive spin on it
2011-03-16 18:03:31 [Message] fib_1618 -> Chat: after all
2011-03-16 18:03:45 [Message] fib_1618 -> Chat: we had the last two days in which we should have had a reflex
2011-03-16 18:04:03 [Message] fib_1618 -> Chat: not having it occur when technically expected MUST be respected for what it may imply
2011-03-16 18:04:08 [Message] pricewatcher -> Chat: Could today's decline not be related also to the FED yesterday?
2011-03-16 18:04:18 [Message] fib_1618 -> Chat: the FED has no power here
2011-03-16 18:04:23 [Message] fib_1618 -> Chat: again
2011-03-16 18:04:31 [Message] fib_1618 -> Chat: no matter how much money is circulated
2011-03-16 18:04:42 [Message] fib_1618 -> Chat: if you take out a major component of world economics
2011-03-16 18:04:46 [Message] fib_1618 -> Chat: it means nothing
2011-03-16 18:05:00 [Message] pricewatcher -> Chat: I mean signaling that QE3 is not on the table
2011-03-16 18:05:12 [Message] fib_1618 -> Chat: look at the dollar...what do you see?
2011-03-16 18:05:25 [Message] fib_1618 -> Chat: all time lows against the Yen?
2011-03-16 18:05:32 [Message] fib_1618 -> Chat: all time lows against the Swiss Franc?
2011-03-16 18:05:54 [Message] fib_1618 -> Chat: so, to answer your question, sure the FED has an effect
2011-03-16 18:06:22 [Message] fib_1618 -> Chat: but right now...in this specific time and space...the FED has nothing to offer
2011-03-16 18:06:24 [Message] fib_1618 -> Chat: after all
2011-03-16 18:06:29 [Message] fib_1618 -> Chat: whatever the FED does
2011-03-16 18:06:38 [Message] fib_1618 -> Chat: it won't be felt by stocks for 12-18 months
2011-03-16 18:06:44 [Message] fib_1618 -> Chat: it means nothing
2011-03-16 18:07:06 [Message] fib_1618 -> Chat: the gravity of the situation in Japan could well change history
2011-03-16 18:07:21 [Message] pricewatcher -> Chat: Sure. I agree
2011-03-16 18:07:22 [Message] fib_1618 -> Chat: do not underestimate the importance here to your well being
2011-03-16 18:07:41 [Message] fib_1618 -> Chat: now...with that said...let's rally hard!!
2011-03-16 18:07:55 [Message] fib_1618 -> Chat: anything else?
2011-03-16 18:08:12 [Message] fib_1618 -> Chat: let's just try and get past tomorrow
2011-03-16 18:08:16 [Message] fib_1618 -> Chat: otherwise
2011-03-16 18:08:27 [Message] fib_1618 -> Chat: I don't think we'll have a bottom until early next week
2011-03-16 18:08:33 [Message] fib_1618 -> Chat: and at what level...I have no clue
2011-03-16 18:08:51 [Message] fib_1618 -> Chat: for the record
2011-03-16 18:09:02 [Message] fib_1618 -> Chat: I land in Vegas at 13:45 on Sunday
2011-03-16 18:09:20 [Message] fib_1618 -> Chat: I leave at 16:30 on Wednesday
2011-03-16 18:09:27 [Message] fib_1618 -> Chat: times are Pacific
2011-03-16 18:09:28 [Message] thespookyone -> Chat: RUH ROH
2011-03-16 18:10:01 [Message] fib_1618 -> Chat: I would prefer this to be over before then
2011-03-16 18:10:28 [Message] fib_1618 -> Chat: reason being that it will set the mood for the show as far as buying patterns are concerned
2011-03-16 18:10:40 [Message] fib_1618 -> Chat: if things are dismal...so will the show
2011-03-16 18:10:55 [Message] fib_1618 -> Chat: a sense of relief, however, would be much better
2011-03-16 18:10:59 [Message] fib_1618 -> Chat: anyway
2011-03-16 18:11:03 [Message] fib_1618 -> Chat: that's my problem
2011-03-16 18:11:08 [Message] fib_1618 -> Chat: anything else?
2011-03-16 18:11:23 [Message] thespookyone -> Chat: thanks much, another great chat
2011-03-16 18:11:44 [Message] fib_1618 -> Chat: fingers crossed for Thursday
2011-03-16 18:12:05 [Message] fib_1618 -> Chat: everyone have a great day of trading
2011-03-16 18:12:15 [Message] fib_1618 -> Chat: and we'll chat again at the same time tomorrow
2011-03-16 18:12:16 [Message] fib_1618 -> Chat: good night

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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

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Taz

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Reply with quote  #2 
Hey Dave,

The Aussie McO has just broken its May 2010 low. Given the cross-over sell occured below the zero line and visible expansion in the McSUM breaking below -500, I guess this is about as bad as an internal backdrop a bear could ever hope for?

Cheers Dan.
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fib_1618

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Reply with quote  #3 
It took out the May lows? Well, we knew prior to Japan that the Aussie data was the weakest of all of the breadth charts, so I'm not too surprised.

Because my next business trip is coming up on Sunday, I won't have the time to comment specifically on this, but I will make any annotations on this weeks review of anything that jumps out at me.

Thanks for the heads up!

Fib


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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

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

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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