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fib_1618

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Reply with quote  #1 
2011-04-06 16:00:13 [Message] fib_1618 -> Chat: good day
2011-04-06 16:00:18 [Message] fib_1618 -> Chat: how is everyone?
2011-04-06 16:00:29 [Message] thespookyone -> Chat: Great, and you?
2011-04-06 16:00:45 [Message] fib_1618 -> Chat: fine and dand-o-rino!
2011-04-06 16:01:24 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2011-04-06 16:02:48 [Message] fib_1618 -> Chat: well then...times a wasting...let me get DP up and we'll get started
2011-04-06 16:03:31 [Message] fib_1618 -> Chat: we have a small point change tonight on the CO NYSE breadth MCO
2011-04-06 16:04:05 [Message] fib_1618 -> Chat: and the CO NYSE breadth MCSUM has now cleared the +500 level
2011-04-06 16:04:25 [Message] fib_1618 -> Chat: and the NYA closed at new recovery highs today
2011-04-06 16:04:34 [Message] fib_1618 -> Chat: so...nothing much to add from yesterday here
2011-04-06 16:04:53 [Message] fib_1618 -> Chat: we also have a small point change in the NYSE breadth MCO
2011-04-06 16:05:21 [Message] fib_1618 -> Chat: so let's expect a dramatic move in the major market averages in the next two trading sessions
2011-04-06 16:05:52 [Message] fib_1618 -> Chat: taking ruler to the NYSE breadth MCSUM
2011-04-06 16:06:21 [Message] fib_1618 -> Chat: and we are now up to the declining tops line that has been controlling the pattern since last April
2011-04-06 16:06:33 [Message] fib_1618 -> Chat: quite significant if we're able to break above it
2011-04-06 16:06:46 [Message] fib_1618 -> Chat: let me switch to the 3 year chart for a moment
2011-04-06 16:07:27 [Message] fib_1618 -> Chat: in fact, let's all look at the 3 year chart - http://www.decisionpoint.com/prime/dailycharts/McOsiSumCurrentRA.html
2011-04-06 16:08:20 [Message] fib_1618 -> Chat: if you take a ruler and extend this same declining tops line, you will see that this line is even more significant as it goes back to September of 2009
2011-04-06 16:08:49 [Message] fib_1618 -> Chat: so as we said yesterday, we're at a historic point in the pattern
2011-04-06 16:08:59 [Message] fib_1618 -> Chat: for if we can move above this longer term resistance
2011-04-06 16:09:14 [Message] fib_1618 -> Chat: this will allow prices to rally significantly
2011-04-06 16:09:49 [Message] fib_1618 -> Chat: this 3 year chart also shows how liquidity has been at historic levels as well
2011-04-06 16:10:20 [Message] fib_1618 -> Chat: as there's only been 2 month period in June and July of last year when the MCSUM was able to move below its zero line
2011-04-06 16:10:42 [Message] fib_1618 -> Chat: going even further back in time
2011-04-06 16:10:55 [Message] fib_1618 -> Chat: prior to the September 2009 peak
2011-04-06 16:11:25 [Message] fib_1618 -> Chat: we should remember that not only did get a 3 step MCSUM pattern...but it extended itself into a fourth step
2011-04-06 16:11:55 [Message] fib_1618 -> Chat: this fourth step suggested back then that the current rising price structure was going to take at least 2 years to finish off
2011-04-06 16:12:17 [Message] fib_1618 -> Chat: add this to the implied 2 year bull market that is generated by the simple 3 step structure
2011-04-06 16:12:36 [Message] fib_1618 -> Chat: and you have the probability that we're going to be moving higher for another year or so
2011-04-06 16:12:45 [Message] fib_1618 -> Chat: of course, this is the longer term implications
2011-04-06 16:13:00 [Message] fib_1618 -> Chat: as opposed to the intermediate time periods in which we've been using here in the chat
2011-04-06 16:13:04 [Message] fib_1618 -> Chat: the March highs for one topping period
2011-04-06 16:13:18 [Message] fib_1618 -> Chat: and the late spring/early summer projection given in February for another
2011-04-06 16:13:56 [Message] fib_1618 -> Chat: you can also see why they call oscillators just that..
2011-04-06 16:14:23 [Message] fib_1618 -> Chat: looking at the price pattern now
2011-04-06 16:14:47 [Message] fib_1618 -> Chat: and you can see that we are also testing the August/September highs of 2008
2011-04-06 16:15:03 [Message] fib_1618 -> Chat: this was the consolidation area before the crash took place because of Lehman
2011-04-06 16:15:14 [Message] fib_1618 -> Chat: so here you have technical price resistance
2011-04-06 16:15:32 [Message] fib_1618 -> Chat: and you have the internals about to show a significant breakout
2011-04-06 16:15:41 [Message] fib_1618 -> Chat: coincidence?
2011-04-06 16:15:45 [Message] fib_1618 -> Chat: nope
2011-04-06 16:15:47 [Message] fib_1618 -> Chat: it never is
2011-04-06 16:16:03 [Message] fib_1618 -> Chat: there is always order where it seems chaotic
2011-04-06 16:16:21 [Message] fib_1618 -> Chat: and now you should be getting exciting at the prospects here
2011-04-06 16:17:02 [Message] fib_1618 -> Chat: nice chart...let's stay with the 3 year data today..on to the NASDAQ
2011-04-06 16:17:36 [Message] fib_1618 -> Chat: and the first thing here that we are immediately reminded of is that the NASDAQ composite is already above its 2007 price highs
2011-04-06 16:18:08 [Message] fib_1618 -> Chat: and has done this with the MCSUM not really being able to move above the +500 level
2011-04-06 16:18:16 [Message] fib_1618 -> Chat: which, in itself, is rather remarkable
2011-04-06 16:19:01 [Message] fib_1618 -> Chat: however...there's something else on this MCSUM that would suggest that higher prices were in the cards to begin with...anyone see it?
2011-04-06 16:19:32 [Message] fib_1618 -> Chat: how about the 3 step pattern that started in 2008?
2011-04-06 16:19:49 [Message] fib_1618 -> Chat: these 3 step structures are rare events with the MCSUM
2011-04-06 16:20:08 [Message] fib_1618 -> Chat: but when they do occur, it PROMISES us a bullish structure for at least 2 years
2011-04-06 16:20:13 [Message] fib_1618 -> Chat: and here we are
2011-04-06 16:20:53 [Message] fib_1618 -> Chat: moving to the NDX, and we are also at new recovery highs above those in 2007
2011-04-06 16:21:05 [Message] fib_1618 -> Chat: so although we're not at all time highs like the MID and SML
2011-04-06 16:21:55 [Message] fib_1618 -> Chat: the NASDAQ and NDX are still showing bullish behavior by already moving above levels that many thought would never be tested again in our lifetime after what happened with Lehman and Bear Stearns
2011-04-06 16:22:19 [Message] fib_1618 -> Chat: hard to realistically be bearish when there is so much bullish behavior
2011-04-06 16:22:34 [Message] fib_1618 -> Chat: and for the NDX breadth MCSUM
2011-04-06 16:23:10 [Message] fib_1618 -> Chat: we can see what it has to do to move into the clear...the declining tops line connecting the November and February highs
2011-04-06 16:24:00 [Message] fib_1618 -> Chat: the SPX price chart has already moved above the 2008 highs
2011-04-06 16:24:18 [Message] fib_1618 -> Chat: and when we look at the SPX breadth MCSUM
2011-04-06 16:24:47 [Message] fib_1618 -> Chat: we see that the February peak above the November highs is still begging for a test of some kind
2011-04-06 16:25:00 [Message] fib_1618 -> Chat: and we must remember it was this same action in February that extended our time forecast for this current rally
2011-04-06 16:25:37 [Message] fib_1618 -> Chat: so no tops beneath tops that would be indicative of an impending top
2011-04-06 16:25:59 [Message] fib_1618 -> Chat: the OEX is testing its 2008 highs
2011-04-06 16:26:17 [Message] fib_1618 -> Chat: and like the SPX, the OEX breadth MCSUM also made a higher high in February
2011-04-06 16:26:29 [Message] fib_1618 -> Chat: but even more importantly
2011-04-06 16:26:46 [Message] fib_1618 -> Chat: the decline off this last top did pull up short of the preceding bottom in the MCSUM
2011-04-06 16:27:05 [Message] fib_1618 -> Chat: this would then suggest greater implied strength of the internals
2011-04-06 16:27:28 [Message] fib_1618 -> Chat: which should later equate to a more stable, and more robust, rising structure
2011-04-06 16:27:44 [Message] fib_1618 -> Chat: so although the OEX may look vulnerable
2011-04-06 16:27:58 [Message] fib_1618 -> Chat: the longer term structure says otherwise
2011-04-06 16:28:19 [Message] fib_1618 -> Chat: same situation with the Dow breadth MCSUM
2011-04-06 16:28:38 [Message] fib_1618 -> Chat: while here the Dow price levels are above the 2008 consolidation zone
2011-04-06 16:29:11 [Message] fib_1618 -> Chat: new all time price highs continue for the MID
2011-04-06 16:29:31 [Message] fib_1618 -> Chat: while the MID breadth MCSUM hasn't as yet shown a loss of momentum on the MCSUM
2011-04-06 16:30:19 [Message] fib_1618 -> Chat: BTW...we had small point changes as well on the NASDAQ, NDX, and SPX breadth MCO's today
2011-04-06 16:30:31 [Message] fib_1618 -> Chat: also on the SML
2011-04-06 16:30:38 [Message] fib_1618 -> Chat: with new all time price highs on the SML
2011-04-06 16:30:53 [Message] fib_1618 -> Chat: and looking at the SML breadth MCSUM
2011-04-06 16:31:07 [Message] fib_1618 -> Chat: we see that we have already broken above the intermediate term declining tops line
2011-04-06 16:31:30 [Message] fib_1618 -> Chat: and a small point change on TM breadth MCO
2011-04-06 16:31:47 [Message] fib_1618 -> Chat: and...what's this?
2011-04-06 16:32:02 [Message] fib_1618 -> Chat: we're already above the 2008 peak for that year?
2011-04-06 16:32:06 [Message] fib_1618 -> Chat: let me check something
2011-04-06 16:33:21 [Message] fib_1618 -> Chat: the peak in 2008 for the Wilshire was 14,424
2011-04-06 16:33:31 [Message] fib_1618 -> Chat: we're now at 14,216
2011-04-06 16:33:45 [Message] fib_1618 -> Chat: the all time highs were 15,807
2011-04-06 16:34:03 [Message] fib_1618 -> Chat: so we're only 1600 points away from all time highs now
2011-04-06 16:34:16 [Message] fib_1618 -> Chat: 10%
2011-04-06 16:34:49 [Message] fib_1618 -> Chat: given that we are in the most bullish year of the Presidential cycle
2011-04-06 16:34:58 [Message] fib_1618 -> Chat: and in the most bullish month (on average)
2011-04-06 16:35:24 [Message] fib_1618 -> Chat: makes you wonder if something like a test of these same highs can even be done within the next month or so
2011-04-06 16:35:32 [Message] thespookyone -> Chat: Primary
2011-04-06 16:35:44 [Message] fib_1618 -> Chat: sure looks that way, doesn't it?
2011-04-06 16:35:50 [Message] fib_1618 -> Chat: maybe more?
2011-04-06 16:35:55 [Message] fib_1618 -> Chat: but at least Primary
2011-04-06 16:36:05 [Message] thespookyone -> Chat: yep. breaking those kind of levels should confirm
2011-04-06 16:36:16 [Message] fib_1618 -> Chat: without a doubt
2011-04-06 16:36:26 [Message] fib_1618 -> Chat: and the most important thing here is if we can break above the resistance levels seen on these MCSUM's
2011-04-06 16:36:48 [Message] fib_1618 -> Chat: it's pretty much a given that this will happen
2011-04-06 16:37:09 [Message] fib_1618 -> Chat: and that's a lot of money to be made before the majority even realizes it
2011-04-06 16:37:22 [Message] fib_1618 -> Chat: looks like the XLF woke up today
2011-04-06 16:37:34 [Message] fib_1618 -> Chat: just as we talked about yesterday
2011-04-06 16:37:54 [Message] fib_1618 -> Chat: it should be this sector that should lead the charge to something as significant as this
2011-04-06 16:37:56 [Message] fib_1618 -> Chat: because it was this sector that caused the correction
2011-04-06 16:38:34 [Message] fib_1618 -> Chat: having it the last to climb on board would then make the most sense on many levels...both fundamentally and technically
2011-04-06 16:38:59 [Message] fib_1618 -> Chat: these 3 year charts kind of bring the point home, don't they?
2011-04-06 16:39:13 [Message] fib_1618 -> Chat: let's look at the sectors on the 3 year data
2011-04-06 16:39:53 [Message] fib_1618 -> Chat: kind of looks like a bullish flag on the XLY breadth MCSUM
2011-04-06 16:40:33 [Message] fib_1618 -> Chat: you can really see how strong the market has been for a while now
2011-04-06 16:40:54 [Message] fib_1618 -> Chat: by looking at the breadth MCSUM's and noting how long they've been above their zero lines
2011-04-06 16:41:21 [Message] fib_1618 -> Chat: did you get stopped out of XLE today?
2011-04-06 16:41:26 [Message] fib_1618 -> Chat: (to Lew)
2011-04-06 16:41:49 [Message] thespookyone -> Chat: no, sold today's top, looking to re enter a tad lower
2011-04-06 16:41:57 [Message] fib_1618 -> Chat: watch the MCO now as it moved below zero
2011-04-06 16:42:25 [Message] fib_1618 -> Chat: so that feeling you had yesterday was appropriate to say the least
2011-04-06 16:42:56 [Message] thespookyone -> Chat: 35 years of gut, LOL
2011-04-06 16:42:59 [Message] fib_1618 -> Chat: still...a test of the 2008 highs at the 85 level still beckons
2011-04-06 16:43:11 [Message] fib_1618 -> Chat: but a nice bank
2011-04-06 16:43:15 [Message] fib_1618 -> Chat: congrats
2011-04-06 16:43:18 [Message] thespookyone -> Chat: yes, agreed, there is more left
2011-04-06 16:43:22 [Message] thespookyone -> Chat: thanks
2011-04-06 16:43:41 [Message] fib_1618 -> Chat: you can see the bullish structure of the XLF breadth MCSUM here
2011-04-06 16:44:00 [Message] fib_1618 -> Chat: with SIX bottoms above bottoms now
2011-04-06 16:44:21 [Message] fib_1618 -> Chat: so structurally, the internals here are very bullish
2011-04-06 16:44:32 [Message] fib_1618 -> Chat: looking at the price pattern
2011-04-06 16:44:44 [Message] fib_1618 -> Chat: and we have a sensational basing pattern to work with
2011-04-06 16:45:09 [Message] fib_1618 -> Chat: wow...the upside objective here is quite high from this base
2011-04-06 16:45:52 [Message] fib_1618 -> Chat: ballpark of 75
2011-04-06 16:46:28 [Message] fib_1618 -> Chat: that is not an error...the upside from this base, if broken to the upside, is approximately 75
2011-04-06 16:46:42 [Message] fib_1618 -> Chat: ground floor stuff
2011-04-06 16:47:05 [Message] thespookyone -> Chat: wow
2011-04-06 16:47:16 [Message] thespookyone -> Chat: 75? GEEZ
2011-04-06 16:47:25 [Message] fib_1618 -> Chat: a break above the February highs would move us to 20
2011-04-06 16:47:30 [Message] fib_1618 -> Chat: yes...75
2011-04-06 16:47:38 [Message] fib_1618 -> Chat: in fact
2011-04-06 16:47:52 [Message] fib_1618 -> Chat: this base looks very similar to another one that took years to form
2011-04-06 16:47:55 [Message] fib_1618 -> Chat: let me get the chart
2011-04-06 16:47:59 [Message] fib_1618 -> Chat: one sec
2011-04-06 16:50:00 [Message] fib_1618 -> Chat: any guesses on which chart I'm going to bring up?
2011-04-06 16:50:12 [Message] fib_1618 -> Chat: it had a decade long base from 1990 to 2000
2011-04-06 16:50:58 [Message] fib_1618 -> Chat: aww...cmon...one guess
2011-04-06 16:51:27 [Message] fib_1618 -> Chat: OK...here you go - http://www.technicalwatch.com/chat11/silver040611.png
2011-04-06 16:51:59 [Message] thespookyone -> Chat: AH!
2011-04-06 16:52:05 [Message] fib_1618 -> Chat: the price objective of any basing pattern is the length and applying it to the upside
2011-04-06 16:52:12 [Message] thespookyone -> Chat: and I was a coin dealer then LOL
2011-04-06 16:52:19 [Message] fib_1618 -> Chat: which means...
2011-04-06 16:52:25 [Message] fib_1618 -> Chat: we have a long way to go on silver
2011-04-06 16:52:47 [Message] fib_1618 -> Chat: I remember pounding the table on this in the early 2000's over at TT
2011-04-06 16:52:53 [Message] fib_1618 -> Chat: no one took the bait
2011-04-06 16:53:03 [Message] fib_1618 -> Chat: all were moaning and groaning about deflation
2011-04-06 16:53:30 [Message] fib_1618 -> Chat: anyway..the base here for the XLF is suggesting a move to 75
2011-04-06 16:53:38 [Message] fib_1618 -> Chat: we'll see
2011-04-06 16:54:02 [Message] fib_1618 -> Chat: you could probably retire with FAS if this comes about
2011-04-06 16:54:07 [Message] fib_1618 -> Chat:
2011-04-06 16:54:38 [Message] fib_1618 -> Chat: you can see the renewed strength in the XLV breadth MCSUM that we talked about yesterday on the 3 year chart
2011-04-06 16:55:01 [Message] fib_1618 -> Chat: and the XLI is at...well, let me check
2011-04-06 16:55:24 [Message] fib_1618 -> Chat: all time highs
2011-04-06 16:55:42 [Message] fib_1618 -> Chat: previous highs were 38.29
2011-04-06 16:55:44 [Message] fib_1618 -> Chat: just short
2011-04-06 16:55:45 [Message] fib_1618 -> Chat: but still
2011-04-06 16:56:06 [Message] fib_1618 -> Chat: all time highs on the XLI should have the same effect on the Dow and the Transports
2011-04-06 16:56:15 [Message] fib_1618 -> Chat: which...
2011-04-06 16:56:38 [Message] fib_1618 -> Chat: is now less than 100 points from all time highs
2011-04-06 16:56:45 [Message] fib_1618 -> Chat: and this in the face of higher fuel costs?
2011-04-06 16:56:49 [Message] fib_1618 -> Chat: what's going on here?
2011-04-06 16:57:09 [Message] fib_1618 -> Chat: this can't be happening with all the bad news out there
2011-04-06 16:57:12 [Message] fib_1618 -> Chat: can it?
2011-04-06 16:57:23 [Message] fib_1618 -> Chat: if for anything else
2011-04-06 16:57:45 [Message] fib_1618 -> Chat: this kind of work that we practice in here should at least be given high consideration in what really makes the markets move
2011-04-06 16:58:03 [Message] fib_1618 -> Chat: for there's nothing else out there that would make any sense at all...
2011-04-06 16:58:06 [Message] fib_1618 -> Chat: is there?
2011-04-06 16:58:38 [Message] fib_1618 -> Chat: looking at the XLB breadth MCO
2011-04-06 16:59:00 [Message] fib_1618 -> Chat: and notice that we are the same levels in which began major uptrends in the price structure over the last 3 years
2011-04-06 16:59:21 [Message] fib_1618 -> Chat: and I wouldn't expect anything different here
2011-04-06 16:59:23 [Message] fib_1618 -> Chat: strong buy
2011-04-06 17:00:00 [Message] fib_1618 -> Chat: the XLK breadth MCSUM is showing probably the weakest pattern that we've reviewed with a divergent top in place
2011-04-06 17:00:16 [Message] fib_1618 -> Chat: regardless of where it may head from here
2011-04-06 17:00:46 [Message] fib_1618 -> Chat: why be married to this sector when there are other areas that are moving in sync with the greater money flow tide?
2011-04-06 17:03:33 [Message] fib_1618 -> Chat: and lastly you can see that, longer term, the XLU breadth MCSUM continues to support a series of bottoms above bottoms
2011-04-06 17:03:59 [Message] fib_1618 -> Chat: but it also has a series of tops beneath tops as well
2011-04-06 17:04:08 [Message] fib_1618 -> Chat: so we have larger indecision pattern here
2011-04-06 17:04:32 [Message] fib_1618 -> Chat: but still far away enough from the apex
2011-04-06 17:04:44 [Message] fib_1618 -> Chat: and what is price doing with this internal indecision?
2011-04-06 17:05:07 [Message] fib_1618 -> Chat: of course, it's moving sideways with a bullish bias because its riding the longer of the two lines
2011-04-06 17:05:31 [Message] fib_1618 -> Chat: so....
2011-04-06 17:05:54 [Message] fib_1618 -> Chat: kind of an eye opening birds eye review tonight
2011-04-06 17:06:02 [Message] fib_1618 -> Chat: which is always needed from time to time to provide context
2011-04-06 17:06:55 [Message] fib_1618 -> Chat: as expected...no real changes from yesterday on the volume oscillators
2011-04-06 17:07:09 [Message] fib_1618 -> Chat: NYSE TRIN at .81
2011-04-06 17:07:18 [Message] fib_1618 -> Chat: Open 10 at .98
2011-04-06 17:07:34 [Message] fib_1618 -> Chat: NASDAQ TRIN at .66
2011-04-06 17:07:38 [Message] fib_1618 -> Chat: Open 10 at .93
2011-04-06 17:07:49 [Message] fib_1618 -> Chat: TM TRIN at .69
2011-04-06 17:07:56 [Message] fib_1618 -> Chat: Open 10 at .95
2011-04-06 17:08:06 [Message] fib_1618 -> Chat: so...the bulls remain in control here
2011-04-06 17:08:25 [Message] fib_1618 -> Chat: with little sign of any bearish surprises
2011-04-06 17:08:27 [Message] fib_1618 -> Chat: near term
2011-04-06 17:08:53 [Message] fib_1618 -> Chat: a very important juncture is upon us that could determine the longer term structures of many of the indices
2011-04-06 17:09:25 [Message] fib_1618 -> Chat: where a break above declining and horizontal resistance lines on the various MCSUM's will allow all of the price patterns to move higher, and probably with a high degree of significance
2011-04-06 17:10:21 [Message] fib_1618 -> Chat: and when you have a moment to do so, you might want to review the volume MCSUM 3 year charts as you might be surprised at what you see
2011-04-06 17:10:38 [Message] fib_1618 -> Chat: let's take a look at what's leading sector wise
2011-04-06 17:11:13 [Message] fib_1618 -> Chat: Australia?
2011-04-06 17:11:18 [Message] fib_1618 -> Chat: wow...I'm surprised!
2011-04-06 17:11:25 [Message] fib_1618 -> Chat: can't wait to see this weeks data
2011-04-06 17:11:50 [Message] fib_1618 -> Chat: ummm
2011-04-06 17:12:07 [Message] fib_1618 -> Chat: OK...I think it would be more informative if I tell you which global markets are lagging here
2011-04-06 17:12:17 [Message] fib_1618 -> Chat: because the majority are flying to the upside!
2011-04-06 17:12:28 [Message] fib_1618 -> Chat: wow
2011-04-06 17:12:33 [Message] fib_1618 -> Chat: this is amazing
2011-04-06 17:12:55 [Message] fib_1618 -> Chat: China is lagging
2011-04-06 17:13:13 [Message] fib_1618 -> Chat: all of Europe are at new recovery highs
2011-04-06 17:13:39 [Message] fib_1618 -> Chat: Hong Kong is lagging
2011-04-06 17:13:47 [Message] fib_1618 -> Chat: of course, Japan has crashed
2011-04-06 17:14:09 [Message] fib_1618 -> Chat: Singapore is lagging
2011-04-06 17:14:31 [Message] fib_1618 -> Chat: so anyone who says that the US markets take their lead from Asia is not doing their homework
2011-04-06 17:14:45 [Message] fib_1618 -> Chat: South Korean is flying!
2011-04-06 17:15:03 [Message] fib_1618 -> Chat: SPAIN! is at new highs!
2011-04-06 17:15:25 [Message] fib_1618 -> Chat: Switzerland is lagging..the only one in Europe
2011-04-06 17:15:38 [Message] fib_1618 -> Chat: wonder if there's a Portugal ETF?
2011-04-06 17:16:08 [Message] fib_1618 -> Chat: yes there is...and it's trending sideways
2011-04-06 17:16:15 [Message] fib_1618 -> Chat: right at its 200 day EMA - $PTDOW
2011-04-06 17:16:43 [Message] fib_1618 -> Chat: surprising to me
2011-04-06 17:16:55 [Message] fib_1618 -> Chat: had no idea how strong Europe is right now
2011-04-06 17:17:14 [Message] fib_1618 -> Chat: our reporters in the field haven't been sharing this with us
2011-04-06 17:18:05 [Message] fib_1618 -> Chat: the Bank sector woke up today
2011-04-06 17:18:07 [Message] fib_1618 -> Chat: nice day there
2011-04-06 17:18:43 [Message] fib_1618 -> Chat: wow folks..you really need to look at the sector and global ETF's when you have a chance to do so
2011-04-06 17:18:54 [Message] fib_1618 -> Chat: very powerful week or so
2011-04-06 17:18:57 [Message] fib_1618 -> Chat: straight up
2011-04-06 17:19:32 [Message] fib_1618 -> Chat: breakout in the EURO to the upside
2011-04-06 17:20:16 [Message] fib_1618 -> Chat: natural gas remains very weak
2011-04-06 17:21:07 [Message] fib_1618 -> Chat: we've had some nice upside breakouts in the last two days in many areas
2011-04-06 17:21:25 [Message] fib_1618 -> Chat: drugs and biotech are very hot here
2011-04-06 17:21:36 [Message] fib_1618 -> Chat: and probably will lead the NDX higher
2011-04-06 17:22:07 [Message] fib_1618 -> Chat: another area to look here with the XLF is home builders - XHB
2011-04-06 17:22:25 [Message] fib_1618 -> Chat: ITB as well
2011-04-06 17:23:19 [Message] fib_1618 -> Chat: nice uptrend on BHH if you're looking for a penny stock
2011-04-06 17:23:40 [Message] fib_1618 -> Chat: internet stocks are weak here
2011-04-06 17:24:14 [Message] fib_1618 -> Chat: retail is starting to move higher now
2011-04-06 17:24:36 [Message] fib_1618 -> Chat: umm...it's at all time highs!
2011-04-06 17:24:46 [Message] fib_1618 -> Chat: one moment...let me check this
2011-04-06 17:25:49 [Message] fib_1618 -> Chat: remember what we talked about yesterday on the Semi's?
2011-04-06 17:25:58 [Message] fib_1618 -> Chat: they look like that have finished their correction now
2011-04-06 17:26:11 [Message] thespookyone -> Chat: sweet
2011-04-06 17:26:16 [Message] fib_1618 -> Chat: and it might be time to re-examine this group for take over targets
2011-04-06 17:26:36 [Message] fib_1618 -> Chat: check both SMH and the SOX and their relationship to their 20 and 50 day EMA's
2011-04-06 17:26:58 [Message] fib_1618 -> Chat: you'll see what I mean
2011-04-06 17:27:08 [Message] fib_1618 -> Chat: XSD too
2011-04-06 17:28:50 [Message] fib_1618 -> Chat: yes folks, the retail sector is at all time highs!
2011-04-06 17:28:53 [Message] fib_1618 -> Chat: how do you like that?
2011-04-06 17:29:08 [Message] fib_1618 -> Chat: and you want to be bearish?
2011-04-06 17:29:30 [Message] fib_1618 -> Chat: the evidence here is not only overwhelming, but shockingly so
2011-04-06 17:29:38 [Message] thespookyone -> Chat: sure is
2011-04-06 17:29:53 [Message] fib_1618 -> Chat: and maybe this the reason why there's not a lot of shorting going on here?
2011-04-06 17:30:06 [Message] fib_1618 -> Chat: and this would extend to the idea of not many bears around
2011-04-06 17:30:15 [Message] fib_1618 -> Chat: when there are all time highs
2011-04-06 17:30:21 [Message] fib_1618 -> Chat: there's not a lot of sellers out there
2011-04-06 17:30:31 [Message] fib_1618 -> Chat: and if we're at recovery highs
2011-04-06 17:30:45 [Message] fib_1618 -> Chat: those who held aren't going to be so quick to dump
2011-04-06 17:30:50 [Message] fib_1618 -> Chat: so...
2011-04-06 17:31:07 [Message] fib_1618 -> Chat: the potential here is beyond the charts
2011-04-06 17:31:29 [Message] fib_1618 -> Chat: get more people working...and there's no telling how HOT we'll get
2011-04-06 17:31:52 [Message] fib_1618 -> Chat: anything else?
2011-04-06 17:32:13 [Message] fib_1618 -> Chat: those global ETF charts were stunning
2011-04-06 17:32:49 [Message] fib_1618 -> Chat: I use the list offered by iShares
2011-04-06 17:33:05 [Message] fib_1618 -> Chat: so if you do a search under iShares, the symbols should all come up
2011-04-06 17:33:20 [Message] fib_1618 -> Chat: makes you wish you had more play money
2011-04-06 17:33:46 [Message] thespookyone -> Chat: wish I had yours, I'd burn mine ! LOL
2011-04-06 17:33:52 [Message] fib_1618 -> Chat: ha!
2011-04-06 17:34:08 [Message] fib_1618 -> Chat: wonder if we'll need to peal Don W. off the ceiling pretty soon? lol
2011-04-06 17:34:20 [Message] thespookyone -> Chat: no doubt!
2011-04-06 17:34:35 [Message] fib_1618 -> Chat: OK...if there's nothing else
2011-04-06 17:34:39 [Message] fib_1618 -> Chat: I'm going to call it a night
2011-04-06 17:34:47 [Message] fib_1618 -> Chat: remember next chat is next Tuesday and the following Wednesday
2011-04-06 17:35:02 [Message] fib_1618 -> Chat: and then back to regular schedule
2011-04-06 17:35:07 [Message] fib_1618 -> Chat: everyone have a great week and weekend
2011-04-06 17:35:15 [Message] fib_1618 -> Chat: and we'll see how things are doing next Tuesday
2011-04-06 17:35:17 [Message] fib_1618 -> Chat: good night

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