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fib_1618

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Reply with quote  #1 
2011-04-26 16:00:18 [Message] fib_1618 -> Chat: good day
2011-04-26 16:00:22 [Message] fib_1618 -> Chat: how is everyone?
2011-04-26 16:02:05 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2011-04-26 16:02:10 [Message] thespookyone -> Chat: Very well-how is business?
2011-04-26 16:02:18 [Message] fib_1618 -> Chat: fair
2011-04-26 16:02:24 [Message] fib_1618 -> Chat: it's constant
2011-04-26 16:02:31 [Message] fib_1618 -> Chat: but a bit on the choppy side
2011-04-26 16:02:36 [Message] thespookyone -> Chat: better than dead, I guess
2011-04-26 16:02:46 [Message] fib_1618 -> Chat: absolutely
2011-04-26 16:02:58 [Message] fib_1618 -> Chat: the way I look at it as long as we're shipping I'm OK
2011-04-26 16:03:05 [Message] thespookyone -> Chat: yep
2011-04-26 16:04:06 [Message] fib_1618 -> Chat: OK...let me get DP up and we'll see how things are today
2011-04-26 16:04:30 [Message] fib_1618 -> Chat: the NYA moved to new recovery highs today
2011-04-26 16:04:43 [Message] fib_1618 -> Chat: and the CO NYSE breadth MCO confirmed these highs with higher highs of its own
2011-04-26 16:05:12 [Message] fib_1618 -> Chat: in order for our "center point" idea to continue to have legs
2011-04-26 16:05:39 [Message] fib_1618 -> Chat: it will now be very important for all of the MCO's to move to higher highs than that of the beginning of the month
2011-04-26 16:05:53 [Message] fib_1618 -> Chat: for now...we're running smoothly to the upside
2011-04-26 16:06:31 [Message] fib_1618 -> Chat: today's move higher was also important because it basically gave any chance of a ledge here quite remote
2011-04-26 16:06:41 [Message] fib_1618 -> Chat: the reason being is if you look at the close up 21 day data
2011-04-26 16:07:14 [Message] fib_1618 -> Chat: you will see that we have now closed the downside gap in the MCSUM that led to our divergent low
2011-04-26 16:07:44 [Message] fib_1618 -> Chat: so that now leaves us the previous highs in early April as our new objective for this MCSUM
2011-04-26 16:08:12 [Message] fib_1618 -> Chat: same situation with the composite data as well
2011-04-26 16:08:20 [Message] fib_1618 -> Chat: we are now back in gear to the upside
2011-04-26 16:09:00 [Message] fib_1618 -> Chat: the next technical expectation for the NYA index is to see if the bulls can drive the MCO back up to the +50 level
2011-04-26 16:09:27 [Message] fib_1618 -> Chat: and then push it even further to the upside
2011-04-26 16:09:35 [Message] fib_1618 -> Chat: if we fail to move above the April highs here
2011-04-26 16:09:58 [Message] fib_1618 -> Chat: we will then have to adjust our upside expectations for this current breakout
2011-04-26 16:10:16 [Message] fib_1618 -> Chat: the difference being one in which would find it difficult to move above the all time highs
2011-04-26 16:10:25 [Message] fib_1618 -> Chat: and whether we will blow through them
2011-04-26 16:11:04 [Message] fib_1618 -> Chat: simultaneous price pattern breakout with the NASDAQ composite today
2011-04-26 16:11:09 [Message] fib_1618 -> Chat: so the markets in are sync here
2011-04-26 16:11:30 [Message] fib_1618 -> Chat: with the higher price highs being confirmed by a higher NASDAQ breadth MCO reading
2011-04-26 16:11:45 [Message] fib_1618 -> Chat: for the bears
2011-04-26 16:11:55 [Message] fib_1618 -> Chat: it now becomes a situation of desperation
2011-04-26 16:12:13 [Message] fib_1618 -> Chat: to try and save the larger pattern from getting away from them
2011-04-26 16:12:31 [Message] fib_1618 -> Chat: for if the bulls are able to get the NASDAQ breadth MCSUM back above its zero line
2011-04-26 16:12:48 [Message] fib_1618 -> Chat: it may cause an equal and opposite effect of a Summation Failure pattern
2011-04-26 16:13:01 [Message] fib_1618 -> Chat: giving us an inverted "crash like" effect
2011-04-26 16:13:12 [Message] fib_1618 -> Chat: otherwise known as a "melt up"
2011-04-26 16:13:35 [Message] fib_1618 -> Chat: the other thing to watch for here
2011-04-26 16:13:50 [Message] fib_1618 -> Chat: is that the declining tops line on the NASDAQ breadth MCSUM crosses just above the +50 level
2011-04-26 16:14:37 [Message] fib_1618 -> Chat: so between a move above zero, and then a break of this downtrend line, we may see a rather robust move by the price index itself that should be accompanied by bullish volume plurality
2011-04-26 16:14:41 [Message] fib_1618 -> Chat: and if that's the case
2011-04-26 16:15:05 [Message] fib_1618 -> Chat: we should start to see this more positive tone to the NAUD line now...in anticipation of this same breakout
2011-04-26 16:15:40 [Message] fib_1618 -> Chat: give me a moment and I'll check its progress
2011-04-26 16:16:12 [Message] fib_1618 -> Chat: Yep... http://www.technicalwatch.com/chat11/naud042611.png
2011-04-26 16:16:49 [Message] fib_1618 -> Chat: we also have that compression area that is now unwinding as well
2011-04-26 16:16:57 [Message] fib_1618 -> Chat: so far...so good then for the bulls
2011-04-26 16:17:22 [Message] fib_1618 -> Chat: the NDX is challenging its February highs
2011-04-26 16:17:32 [Message] fib_1618 -> Chat: not as a decisive a move as yet
2011-04-26 16:17:41 [Message] fib_1618 -> Chat: but moving in the right direction
2011-04-26 16:17:53 [Message] fib_1618 -> Chat: even more importantly
2011-04-26 16:18:10 [Message] fib_1618 -> Chat: the NDX breadth MCSUM has moved above its previous highs today
2011-04-26 16:18:31 [Message] fib_1618 -> Chat: and the NDX breadth MCO is nearing these same highs
2011-04-26 16:18:46 [Message] fib_1618 -> Chat: seems a lot of money is starting to come into the secondaries now
2011-04-26 16:19:12 [Message] fib_1618 -> Chat: and that should lift all boats...and on our way to the late spring highs
2011-04-26 16:19:46 [Message] fib_1618 -> Chat: upside price breakout on the SPX
2011-04-26 16:19:58 [Message] fib_1618 -> Chat: now at its highest level in 3 years
2011-04-26 16:20:12 [Message] fib_1618 -> Chat: also confirmed by the SPX breadth MCO
2011-04-26 16:20:19 [Message] fib_1618 -> Chat: and if we can get above the April highs
2011-04-26 16:20:31 [Message] fib_1618 -> Chat: then we should have smooth sailing to the all time highs
2011-04-26 16:20:59 [Message] fib_1618 -> Chat: the OEX price pattern is also challenging its February highs
2011-04-26 16:21:20 [Message] fib_1618 -> Chat: nice structure now on the OEX breadth MCO
2011-04-26 16:21:47 [Message] fib_1618 -> Chat: with another day like today all that's needed to move to higher MCO highs
2011-04-26 16:22:12 [Message] fib_1618 -> Chat: the Dow price pattern is now "stair stepping" higher
2011-04-26 16:22:32 [Message] fib_1618 -> Chat: with price being confirmed by the Dow breadth MCO
2011-04-26 16:22:53 [Message] fib_1618 -> Chat: new all time closing highs on the MID today
2011-04-26 16:23:11 [Message] fib_1618 -> Chat: also being confirmed by higher highs in the MID breadth MCO
2011-04-26 16:23:46 [Message] fib_1618 -> Chat: the SML index is also challenging its all time highs
2011-04-26 16:23:56 [Message] fib_1618 -> Chat: with the SML breadth MCO still bringing up the rear though it's structure remains bullish
2011-04-26 16:24:26 [Message] fib_1618 -> Chat: and new recovery highs today on the TM index
2011-04-26 16:24:35 [Message] fib_1618 -> Chat: with the TM breadth MCO confirming the highs
2011-04-26 16:24:37 [Message] fib_1618 -> Chat: so...
2011-04-26 16:24:42 [Message] fib_1618 -> Chat: the bulls are in control
2011-04-26 16:24:55 [Message] fib_1618 -> Chat: with all of the indices now pretty much in sync with each other
2011-04-26 16:25:05 [Message] fib_1618 -> Chat: sort of like a horse race as we're leaving the gate
2011-04-26 16:25:21 [Message] fib_1618 -> Chat: some are slow to go...while others have jumped out to a nice start
2011-04-26 16:25:56 [Message] fib_1618 -> Chat: but the more important thing here is that with today's action, any downside objectives that may have been on the back burner are now destroyed
2011-04-26 16:26:15 [Message] fib_1618 -> Chat: moving on to volume
2011-04-26 16:26:39 [Message] fib_1618 -> Chat: the CO NYSE volume MCO moved back above its zero line today
2011-04-26 16:27:02 [Message] fib_1618 -> Chat: not with a lot of vigor, but it did confirm the higher highs in price
2011-04-26 16:27:34 [Message] fib_1618 -> Chat: and the CO NYSE volume MCSUM remains not only above its zero line with a +73 reading
2011-04-26 16:27:55 [Message] fib_1618 -> Chat: but if we do turn here, we would have put in a bottom above the March bottom lows
2011-04-26 16:28:19 [Message] fib_1618 -> Chat: something like this suggests that there were weaker and weaker sellers on this last correction
2011-04-26 16:28:37 [Message] fib_1618 -> Chat: and that there should be stronger and stronger buying once we do turn around
2011-04-26 16:29:10 [Message] fib_1618 -> Chat: the all important declining tops line here comes in at around the +200 level
2011-04-26 16:29:48 [Message] fib_1618 -> Chat: so the bulls still have some improvement to be done before we can say we are in the clear to trend higher
2011-04-26 16:30:34 [Message] fib_1618 -> Chat: like its breadth cousins, the NYSE volume MCO and MCSUM are echoing the CO data
2011-04-26 16:30:43 [Message] fib_1618 -> Chat: though at a slightly higher level
2011-04-26 16:31:09 [Message] fib_1618 -> Chat: here the ledge interpretation on the MCSUM remains valid for now
2011-04-26 16:33:56 [Message] fib_1618 -> Chat: the declining tops line with the NYSE volume MCSUM crosses at about the +450 level
2011-04-26 16:34:41 [Message] fib_1618 -> Chat: so being we're at +369, it wouldn't take too much to declare bull from bear here
2011-04-26 16:34:57 [Message] fib_1618 -> Chat: maybe by Thursday? (shrug)
2011-04-26 16:35:05 [Message] fib_1618 -> Chat: lol
2011-04-26 16:35:12 [Message] fib_1618 -> Chat: oh Lew...?
2011-04-26 16:35:18 [Message] fib_1618 -> Chat: do you see what I see?
2011-04-26 16:35:32 [Message] fib_1618 -> Chat: NASDAQ volume MCO
2011-04-26 16:35:45 [Message] fib_1618 -> Chat: anyway
2011-04-26 16:35:48 [Message] thespookyone -> Chat: you bet!
2011-04-26 16:35:50 [Message] fib_1618 -> Chat: we have now moved to new highs
2011-04-26 16:35:53 [Message] thespookyone -> Chat: NDX as well
2011-04-26 16:35:57 [Message] fib_1618 -> Chat: so there's your confirmation!
2011-04-26 16:36:00 [Message] fib_1618 -> Chat: let me look
2011-04-26 16:36:06 [Message] fib_1618 -> Chat: lol
2011-04-26 16:36:10 [Message] fib_1618 -> Chat: yes sir!
2011-04-26 16:36:28 [Message] fib_1618 -> Chat: another brick in the wall for the center point
2011-04-26 16:36:38 [Message] fib_1618 -> Chat: now if we can get both breadth and volume moving to new highs
2011-04-26 16:36:38 [Message] thespookyone -> Chat: yep
2011-04-26 16:36:43 [Message] fib_1618 -> Chat: then we have our center point
2011-04-26 16:36:54 [Message] fib_1618 -> Chat: as a reminder for those who are not Elliott versed
2011-04-26 16:37:09 [Message] fib_1618 -> Chat: in the center point of wave 3 you get the VERY best in both volume and breadth
2011-04-26 16:37:22 [Message] fib_1618 -> Chat: it's when the trend becomes undeniable
2011-04-26 16:37:35 [Message] fib_1618 -> Chat: everyone starts throwing in the towel
2011-04-26 16:38:02 [Message] fib_1618 -> Chat: and money comes pouring in...especially from areas where this same investment money has been stagnant
2011-04-26 16:38:21 [Message] fib_1618 -> Chat: the tip off here is that the secondary stocks are usually the ones that lead to this center point
2011-04-26 16:38:26 [Message] fib_1618 -> Chat: whether it be down or up
2011-04-26 16:39:16 [Message] fib_1618 -> Chat: since secondary stocks only trade on the promise of future growth and not the actuality (established) in which primary issues have to trade on
2011-04-26 16:39:32 [Message] fib_1618 -> Chat: so far then...this is working out pretty much in textbook fashion
2011-04-26 16:39:38 [Message] fib_1618 -> Chat: will it continue?
2011-04-26 16:39:43 [Message] fib_1618 -> Chat: the odds say yes
2011-04-26 16:39:56 [Message] fib_1618 -> Chat: I would put it at 70% now
2011-04-26 16:40:09 [Message] fib_1618 -> Chat: if we can get the other volume MCSUM's to start expanding here
2011-04-26 16:40:18 [Message] fib_1618 -> Chat: that will increase those odds quickly
2011-04-26 16:40:25 [Message] fib_1618 -> Chat: wow
2011-04-26 16:40:52 [Message] fib_1618 -> Chat: well..we knew something was going to happen sooner than later with the EMA compression on many of the UD lines
2011-04-26 16:41:27 [Message] fib_1618 -> Chat: also of note
2011-04-26 16:41:39 [Message] fib_1618 -> Chat: is that if you look closely at the volume MCSUM's of the NASDAQ and NDX
2011-04-26 16:41:52 [Message] fib_1618 -> Chat: you will see that with today's breakouts above the February highs
2011-04-26 16:42:07 [Message] fib_1618 -> Chat: that we also moved above the +250 level for the NASDAQ and the zero line for the NDX
2011-04-26 16:42:29 [Message] fib_1618 -> Chat: both taking out their early April highs in the process
2011-04-26 16:42:50 [Message] fib_1618 -> Chat: which has been our interest for much of today's chat as being important
2011-04-26 16:43:20 [Message] fib_1618 -> Chat: nice constructive texture with the SPX volume MCO
2011-04-26 16:43:51 [Message] fib_1618 -> Chat: and we may be putting in a double bottom of sorts with the SPX volume MCSUM
2011-04-26 16:44:16 [Message] fib_1618 -> Chat: still a lot of work to do with the OEX volume MCO and MCSUM
2011-04-26 16:44:23 [Message] fib_1618 -> Chat: but if the secondaries are leading
2011-04-26 16:44:42 [Message] fib_1618 -> Chat: it wouldn't be surprising to see the high caps trailing these same soldiers
2011-04-26 16:44:49 [Message] fib_1618 -> Chat: it's all a matter of rank
2011-04-26 16:44:59 [Message] fib_1618 -> Chat: the "expendable" lead the charge
2011-04-26 16:45:09 [Message] fib_1618 -> Chat: the higher ranking officers follow their lead
2011-04-26 16:45:34 [Message] fib_1618 -> Chat: for the bears it now becomes quite simple
2011-04-26 16:45:52 [Message] fib_1618 -> Chat: as long as the declining trendlines on any or all of the MCSUM's are not violated
2011-04-26 16:45:57 [Message] fib_1618 -> Chat: there remains hope
2011-04-26 16:46:33 [Message] fib_1618 -> Chat: if they break...it's just a matter of time before we challenge the 2007 highs on those indices that haven't already moved above this peak
2011-04-26 16:47:16 [Message] fib_1618 -> Chat: notice how the Dow volume MCSUM is slowly curling higher as it approaches the -500 level
2011-04-26 16:47:51 [Message] fib_1618 -> Chat: if successful in making this turn, it will be the fourth time in a year in which we've found bull market support at or near these same levels
2011-04-26 16:48:28 [Message] fib_1618 -> Chat: this then would be become very important level to watch for later on when we're trying to decide bull or bear market once we come back to these same levels later on
2011-04-26 16:50:23 [Message] fib_1618 -> Chat: the MID volume data is fully in sync with breadth currently
2011-04-26 16:50:33 [Message] fib_1618 -> Chat: so we're running on all cylinders there
2011-04-26 16:50:54 [Message] fib_1618 -> Chat: much better...the SML volume MCO is leading breadth to the upside
2011-04-26 16:51:20 [Message] fib_1618 -> Chat: so it would appear that the next progression from the secondaries is going to come with the small caps
2011-04-26 16:51:25 [Message] fib_1618 -> Chat: that would mean the RUT as well
2011-04-26 16:51:38 [Message] fib_1618 -> Chat: and with liquidity levels as high as they are
2011-04-26 16:51:55 [Message] fib_1618 -> Chat: we could see a race between the MID, SML and the NASDAQ market place
2011-04-26 16:52:10 [Message] fib_1618 -> Chat: well what do you know?
2011-04-26 16:52:18 [Message] fib_1618 -> Chat: the TM volume MCO is at new highs
2011-04-26 16:52:26 [Message] fib_1618 -> Chat: so....
2011-04-26 16:52:27 [Message] fib_1618 -> Chat: up we go
2011-04-26 16:52:48 [Message] fib_1618 -> Chat: it's now very likely that a re-initiation of the up trend is underway
2011-04-26 16:52:58 [Message] fib_1618 -> Chat: the only question now is how big will this rally get?
2011-04-26 16:53:18 [Message] fib_1618 -> Chat: and hopefully we'll have some answers on that by Thursday
2011-04-26 16:53:22 [Message] fib_1618 -> Chat: very exciting
2011-04-26 16:53:50 [Message] fib_1618 -> Chat: let's look at the volume oscillators
2011-04-26 16:54:25 [Message] fib_1618 -> Chat: CVI's are nearing climatic behavior
2011-04-26 16:54:36 [Message] fib_1618 -> Chat: STVO's are now minimally "overbought"
2011-04-26 16:54:41 [Message] fib_1618 -> Chat: but the VTO's remain neutral
2011-04-26 16:55:00 [Message] fib_1618 -> Chat: which is very good news for the prospects of this current breakout
2011-04-26 16:55:14 [Message] fib_1618 -> Chat: you got to be kidding me!
2011-04-26 16:55:20 [Message] fib_1618 -> Chat: NYSE TRIN at 1.11!
2011-04-26 16:55:33 [Message] fib_1618 -> Chat: Open 10 now "oversold" at 1.11
2011-04-26 16:55:50 [Message] fib_1618 -> Chat: amazing
2011-04-26 16:56:03 [Message] fib_1618 -> Chat: NASDAQ TRIN at .64
2011-04-26 16:56:23 [Message] fib_1618 -> Chat: why do I get the feeling of a 1999 replay here for the NASDAQ?
2011-04-26 16:56:35 [Message] fib_1618 -> Chat: Open 10 at .79
2011-04-26 16:56:42 [Message] fib_1618 -> Chat: technically "overbought"
2011-04-26 16:57:04 [Message] fib_1618 -> Chat: but with the MCO readings here, we're likely to get even more frothy before we see a pause
2011-04-26 16:57:14 [Message] fib_1618 -> Chat: TM TRIN at .79
2011-04-26 16:57:23 [Message] fib_1618 -> Chat: Open 10 at .91
2011-04-26 16:57:26 [Message] fib_1618 -> Chat: neutral
2011-04-26 16:57:44 [Message] fib_1618 -> Chat: what can I say?
2011-04-26 16:57:57 [Message] fib_1618 -> Chat: I've never seen anything like this
2011-04-26 16:58:41 [Message] fib_1618 -> Chat: OEX P/C ratio still extremely bullish
2011-04-26 16:59:05 [Message] fib_1618 -> Chat: but finally we see that the 10 day average is starting to get this same ratio to move higher
2011-04-26 16:59:34 [Message] fib_1618 -> Chat: in fact, it broke above the accelerated declining tops line today
2011-04-26 16:59:43 [Message] fib_1618 -> Chat: that could really kick start the OEX now
2011-04-26 17:00:45 [Message] fib_1618 -> Chat: what else is on your minds?
2011-04-26 17:01:13 [Message] fib_1618 -> Chat: shall we look at sector charts?
2011-04-26 17:01:16 [Message] fib_1618 -> Chat: see what's leading?
2011-04-26 17:01:42 [Message] fib_1618 -> Chat: OK...let's
2011-04-26 17:02:19 [Message] fib_1618 -> Chat: global wise
2011-04-26 17:02:27 [Message] fib_1618 -> Chat: the laggards here are...Canada
2011-04-26 17:02:41 [Message] fib_1618 -> Chat: Brazil
2011-04-26 17:02:50 [Message] fib_1618 -> Chat: China
2011-04-26 17:03:08 [Message] fib_1618 -> Chat: Hong Kong
2011-04-26 17:03:29 [Message] fib_1618 -> Chat: Japan, Mexico
2011-04-26 17:03:56 [Message] fib_1618 -> Chat: and Taiwan
2011-04-26 17:04:06 [Message] fib_1618 -> Chat: Europe, as a whole, is flying to the upside
2011-04-26 17:04:14 [Message] fib_1618 -> Chat: breakouts today on the DAX and the FTSE
2011-04-26 17:04:34 [Message] fib_1618 -> Chat: even Spain
2011-04-26 17:04:41 [Message] fib_1618 -> Chat: sectors
2011-04-26 17:05:01 [Message] fib_1618 -> Chat: Bio Tech leading the way
2011-04-26 17:05:35 [Message] fib_1618 -> Chat: Consumer...non cyclical
2011-04-26 17:05:56 [Message] fib_1618 -> Chat: DVY...dividend stocks
2011-04-26 17:06:16 [Message] fib_1618 -> Chat: which no one should be surprised based on the Preferred stocks A/D data posted each weekend
2011-04-26 17:06:45 [Message] fib_1618 -> Chat: DVY look like a great conservative vehicle now for those who are looking for income
2011-04-26 17:07:20 [Message] fib_1618 -> Chat: hey...breakout on the Transports...let's see how close they are to their all time highs now
2011-04-26 17:07:58 [Message] fib_1618 -> Chat: 138 points
2011-04-26 17:08:01 [Message] fib_1618 -> Chat: intraday
2011-04-26 17:08:31 [Message] fib_1618 -> Chat: energy stocks continue to consolidate
2011-04-26 17:09:02 [Message] fib_1618 -> Chat: Health care remains very strong here
2011-04-26 17:09:21 [Message] fib_1618 -> Chat: breakout to the upside for the home builders to join the REIT's
2011-04-26 17:11:14 [Message] fib_1618 -> Chat: on the other hand, home construction remains soft
2011-04-26 17:11:37 [Message] fib_1618 -> Chat: industrials broke out to the upside today
2011-04-26 17:12:30 [Message] fib_1618 -> Chat: retail moved to new highs
2011-04-26 17:12:41 [Message] fib_1618 -> Chat: materials and mining still soft
2011-04-26 17:13:27 [Message] fib_1618 -> Chat: the semi's are now starting to move higher
2011-04-26 17:13:52 [Message] fib_1618 -> Chat: looks like silver has caught its breath and is about to wow the world
2011-04-26 17:14:05 [Message] fib_1618 -> Chat: new highs on software
2011-04-26 17:14:19 [Message] fib_1618 -> Chat: and telecom
2011-04-26 17:15:19 [Message] fib_1618 -> Chat: Dow Utilities also moved to new recovery highs today for a classic Dow Theory buy signal
2011-04-26 17:15:43 [Message] fib_1618 -> Chat: chemicals are doing well
2011-04-26 17:15:54 [Message] fib_1618 -> Chat: and they're a great alternative to anything oil related
2011-04-26 17:17:08 [Message] fib_1618 -> Chat: networking is doing well
2011-04-26 17:17:32 [Message] fib_1618 -> Chat: and an upside breakout on the PSE - Technology
2011-04-26 17:18:02 [Message] fib_1618 -> Chat: banks remain soft
2011-04-26 17:18:39 [Message] fib_1618 -> Chat: MasterCard and Visa doing well
2011-04-26 17:18:46 [Message] fib_1618 -> Chat: that's about it
2011-04-26 17:18:54 [Message] fib_1618 -> Chat: many of the sectors remain congested here
2011-04-26 17:19:00 [Message] fib_1618 -> Chat: so there's not a lot of leadership
2011-04-26 17:19:19 [Message] fib_1618 -> Chat: which makes our homework that much more challenging
2011-04-26 17:19:33 [Message] fib_1618 -> Chat: comments...questions...observations???
2011-04-26 17:19:47 [Message] thespookyone -> Chat: man, silver looks real juicy here
2011-04-26 17:19:59 [Message] fib_1618 -> Chat: no one believes it can go any higher
2011-04-26 17:20:04 [Message] fib_1618 -> Chat: which is why it probably will
2011-04-26 17:20:18 [Message] fib_1618 -> Chat: being that it's in a 3rd wave
2011-04-26 17:20:28 [Message] thespookyone -> Chat: may get violent pretty quick from here
2011-04-26 17:20:33 [Message] fib_1618 -> Chat: it will likely take out the highs of January 1980 before completion
2011-04-26 17:20:43 [Message] fib_1618 -> Chat: it was up 5% yesterday morning
2011-04-26 17:20:56 [Message] thespookyone -> Chat: I don't really think there is resistance there
2011-04-26 17:20:57 [Message] fib_1618 -> Chat: this is typical commodity blow off here
2011-04-26 17:21:09 [Message] fib_1618 -> Chat: not many have seen this kind of thing before
2011-04-26 17:21:18 [Message] thespookyone -> Chat: it is classic
2011-04-26 17:21:26 [Message] fib_1618 -> Chat: nope...it cleared out the sell stops yesterday
2011-04-26 17:21:54 [Message] fib_1618 -> Chat: I still have an upside target of $62.50 in play here for the end of 3
2011-04-26 17:22:12 [Message] thespookyone -> Chat: sounds very reasonable
2011-04-26 17:22:38 [Message] fib_1618 -> Chat: I remember that when it peaked in 1980 it did so on a 6% one day move
2011-04-26 17:22:51 [Message] fib_1618 -> Chat: I posted a chart last night of what happened afterward
2011-04-26 17:22:51 [Message] thespookyone -> Chat: I remember that well
2011-04-26 17:23:08 [Message] thespookyone -> Chat: yep, like you said-classic blow-off
2011-04-26 17:23:32 [Message] thespookyone -> Chat: when it's done-it won't be pretty
2011-04-26 17:23:51 [Message] fib_1618 -> Chat: well..if this is wave 3...wave 4 should just chop around at the new highs
2011-04-26 17:24:14 [Message] fib_1618 -> Chat: feeling better about the NDX now?
2011-04-26 17:25:00 [Message] fib_1618 -> Chat: any other comments or questions??
2011-04-26 17:25:18 [Message] thespookyone -> Chat: yep, looks fine-all of it does, really
2011-04-26 17:25:27 [Message] fib_1618 -> Chat: just be disciplined
2011-04-26 17:25:35 [Message] fib_1618 -> Chat: don't let it get to you emotionally
2011-04-26 17:25:40 [Message] fib_1618 -> Chat: in here...that's fine
2011-04-26 17:25:47 [Message] fib_1618 -> Chat: but keep focused
2011-04-26 17:25:57 [Message] fib_1618 -> Chat: down play it as much as you can
2011-04-26 17:26:14 [Message] thespookyone -> Chat: in my trading room-my blood runs dead cold, no problem
2011-04-26 17:26:19 [Message] fib_1618 -> Chat: good
2011-04-26 17:26:37 [Message] fib_1618 -> Chat: just make points when you feel they're needed/valuable
2011-04-26 17:26:50 [Message] fib_1618 -> Chat: keep it simple
2011-04-26 17:26:55 [Message] thespookyone -> Chat: at this point, I've just been telling the guys to get their entry's and selections right
2011-04-26 17:27:04 [Message] fib_1618 -> Chat: focus
2011-04-26 17:27:08 [Message] fib_1618 -> Chat: discipline
2011-04-26 17:27:20 [Message] thespookyone -> Chat: yep, and conviction
2011-04-26 17:27:21 [Message] fib_1618 -> Chat: is needed more at these kind of junctures than during corrections
2011-04-26 17:27:27 [Message] fib_1618 -> Chat: the conviction will come
2011-04-26 17:27:35 [Message] fib_1618 -> Chat: it's sort of like being a batter who's been in a slump
2011-04-26 17:27:41 [Message] fib_1618 -> Chat: all you want to do is make contact
2011-04-26 17:27:44 [Message] fib_1618 -> Chat: get singles
2011-04-26 17:27:54 [Message] fib_1618 -> Chat: and you'll get your doubles, triples and home runs
2011-04-26 17:28:01 [Message] fib_1618 -> Chat: but you must make contact with the ball first...get your confidence back
2011-04-26 17:28:17 [Message] thespookyone -> Chat: gonna have to take a swing at some silver tomorrow-doubt that'll wait for me
2011-04-26 17:28:40 [Message] fib_1618 -> Chat: again...work it with a 20 period parabolic SAR
2011-04-26 17:28:45 [Message] fib_1618 -> Chat: this is what the indicator was made for
2011-04-26 17:28:52 [Message] fib_1618 -> Chat: right now
2011-04-26 17:28:55 [Message] thespookyone -> Chat: time frame?
2011-04-26 17:28:57 [Message] fib_1618 -> Chat: I know it's close
2011-04-26 17:28:59 [Message] fib_1618 -> Chat: daily
2011-04-26 17:29:02 [Message] fib_1618 -> Chat: nothing but daily
2011-04-26 17:29:04 [Message] thespookyone -> Chat: thanks
2011-04-26 17:29:06 [Message] fib_1618 -> Chat: let me check
2011-04-26 17:29:14 [Message] fib_1618 -> Chat: (just like the XLE trade)
2011-04-26 17:29:46 [Message] fib_1618 -> Chat: SAR is at 43.13 on SLV
2011-04-26 17:29:57 [Message] fib_1618 -> Chat: price close at 44.03
2011-04-26 17:30:04 [Message] fib_1618 -> Chat: less than a point of risk
2011-04-26 17:30:09 [Message] fib_1618 -> Chat: good entry
2011-04-26 17:30:15 [Message] fib_1618 -> Chat: plus...
2011-04-26 17:30:20 [Message] fib_1618 -> Chat: you have the chart up?
2011-04-26 17:30:28 [Message] thespookyone -> Chat: I think it is close enough, yes I do
2011-04-26 17:30:41 [Message] fib_1618 -> Chat: what does today's price tell you?
2011-04-26 17:31:06 [Message] fib_1618 -> Chat: kind of a trick question
2011-04-26 17:31:15 [Message] fib_1618 -> Chat: but with the mid range close
2011-04-26 17:31:26 [Message] fib_1618 -> Chat: it's very likely that you're going to close higher tomorrow
2011-04-26 17:31:36 [Message] fib_1618 -> Chat: this is NOT a trend change indicator in this specific context
2011-04-26 17:31:50 [Message] thespookyone -> Chat: what is not?
2011-04-26 17:31:50 [Message] fib_1618 -> Chat: but more of a finding support after a slip and fall bar
2011-04-26 17:31:57 [Message] fib_1618 -> Chat: the mid range close
2011-04-26 17:32:02 [Message] thespookyone -> Chat: ah
2011-04-26 17:32:10 [Message] fib_1618 -> Chat: because if this were a mid range close in a trend
2011-04-26 17:32:21 [Message] fib_1618 -> Chat: it would indicate a lower close tomorrow
2011-04-26 17:32:30 [Message] fib_1618 -> Chat: but since we "slipped and fell"
2011-04-26 17:32:44 [Message] fib_1618 -> Chat: it's more than likely a simple reversal bar
2011-04-26 17:32:49 [Message] thespookyone -> Chat: you think it needs one more low?
2011-04-26 17:32:53 [Message] fib_1618 -> Chat: anyway...it's worth a shot
2011-04-26 17:32:55 [Message] fib_1618 -> Chat: nope
2011-04-26 17:33:02 [Message] thespookyone -> Chat: me either
2011-04-26 17:33:04 [Message] fib_1618 -> Chat: it's a parabolic pattern
2011-04-26 17:33:16 [Message] fib_1618 -> Chat: it will slip and fall without warning
2011-04-26 17:33:21 [Message] fib_1618 -> Chat: and then regain its legs
2011-04-26 17:33:25 [Message] thespookyone -> Chat: that train may leave real fast
2011-04-26 17:33:32 [Message] fib_1618 -> Chat: sort of like mid April
2011-04-26 17:33:47 [Message] thespookyone -> Chat: I like the look of the move off the bottom
2011-04-26 17:33:50 [Message] fib_1618 -> Chat: the higher we go, the more action we'll have
2011-04-26 17:33:59 [Message] fib_1618 -> Chat: it goes with the territory
2011-04-26 17:34:07 [Message] fib_1618 -> Chat: just be disciplined here
2011-04-26 17:34:14 [Message] fib_1618 -> Chat: put the stop in at the SAR
2011-04-26 17:34:20 [Message] fib_1618 -> Chat: don't mess with it
2011-04-26 17:34:24 [Message] thespookyone -> Chat: will do, thanks
2011-04-26 17:34:32 [Message] fib_1618 -> Chat: OK...anything else?
2011-04-26 17:34:54 [Message] fib_1618 -> Chat: OK...then I'm going to call it a night
2011-04-26 17:35:05 [Message] fib_1618 -> Chat: everyone have a great day tomorrow and Thursday
2011-04-26 17:35:11 [Message] fib_1618 -> Chat: and we'll meet up again at the usual time
2011-04-26 17:35:12 [Message] fib_1618 -> Chat: good night

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