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fib_1618

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Reply with quote  #1 
2008-05-15 19:01:11 [Message] fib_1618 -> Main Room: good day
2008-05-15 19:01:21 [Message] fib_1618 -> Main Room: how is everyone?
2008-05-15 19:03:41 [Message] fib_1618 -> Main Room: OK...any questions, comments??
2008-05-15 19:04:20 [Message] dowdeva -> Main Room: Still think there's going to be a one or two day fast and furious dump
2008-05-15 19:04:54 [Message] fib_1618 -> Main Room: could be...but that would be counter (productive) trend
2008-05-15 19:05:24 [Message] fib_1618 -> Main Room: and why does the glorious Deva think this?
2008-05-15 19:05:48 [Message] dowdeva -> Main Room: woman's intuition
2008-05-15 19:06:05 [Message] dowdeva -> Main Room: two for two, so far...
2008-05-15 19:06:26 [Message] fib_1618 -> Main Room: ahhh...never underestimate the power of intuition...
2008-05-15 19:06:43 [Message] fib_1618 -> Main Room: but [u]technically[/u], why do you think this?
2008-05-15 19:06:56 [Message] fib_1618 -> Main Room: intuition can only go so far
2008-05-15 19:07:02 [Message] dowdeva -> Main Room: Beautiful bull market coming, technically. Gorgeous.
2008-05-15 19:07:06 [Message] dowdeva -> Main Room: Delicious
2008-05-15 19:07:10 [Message] fib_1618 -> Main Room: yum
2008-05-15 19:07:20 [Message] fib_1618 -> Main Room: well...we're almost there
2008-05-15 19:07:35 [Message] dowdeva -> Main Room: RUT looks fantastic also financial mco's, i think...
2008-05-15 19:07:40 [Message] dowdeva -> Main Room: not sure, though
2008-05-15 19:07:41 [Message] denleo -> Main Room: There is some evidence that next week we will see some corrective activity. Longer-term, however, things continue to look fine.
2008-05-15 19:08:07 [Message] fib_1618 -> Main Room: that could be...then again...corrective bumps have been hard to come by
2008-05-15 19:08:48 [Message] fib_1618 -> Main Room: we need to keep in mind that as the MCSUM continues to climb higher, the lesser the chance of anything that would be deemed corrective...or shake out
2008-05-15 19:09:16 [Message] fib_1618 -> Main Room: these type of events will become more and more of the intraday variety
2008-05-15 19:09:51 [Message] swingtrader -> Main Room: fib,does the NY MCO breaks out of the triangle to the upside today by your notion?
2008-05-15 19:09:51 [Message] fib_1618 -> Main Room: for now...the October highs on the various MCSUM's are our key in all of this
2008-05-15 19:10:10 [Message] fib_1618 -> Main Room: haven't seen the data yet ST...
2008-05-15 19:10:26 [Message] fib_1618 -> Main Room: oh...did you have a question from Tuesday that you wanted to ask me?
2008-05-15 19:10:33 [Message] fib_1618 -> Main Room: I think it was regarding the components?
2008-05-15 19:11:24 [Message] swingtrader -> Main Room: yes. From reading the past chat. I think you said that if the components have bullish or bearish crossovers that allows price to trend, right?
2008-05-15 19:11:34 [Message] swingtrader -> Main Room: I mean above or below 0 line
2008-05-15 19:11:49 [Message] fib_1618 -> Main Room: well...it kinda depends on the position of the MCO itself
2008-05-15 19:12:05 [Message] fib_1618 -> Main Room: the components are your fuel gauges - how much energy that is available to produce forward motion as reflected in the MCO itself
2008-05-15 19:13:23 [Message] fib_1618 -> Main Room: but there are times in which the fuel gauges are depleted
2008-05-15 19:13:26 [Message] fib_1618 -> Main Room: that is to say
2008-05-15 19:13:56 [Message] fib_1618 -> Main Room: they can be under the zero line, with a bullish crossover (like we just recently had), while the MCO itself is still above its zero line
2008-05-15 19:14:11 [Message] fib_1618 -> Main Room: when this happens, you will get corrective price behavior
2008-05-15 19:14:25 [Message] fib_1618 -> Main Room: but if the components are above the zero line in this same crossover
2008-05-15 19:14:32 [Message] fib_1618 -> Main Room: and the MCO is also above its zero line
2008-05-15 19:14:47 [Message] fib_1618 -> Main Room: the short term trend of money flow is running on all cylinders in this same direction
2008-05-15 19:15:06 [Message] fib_1618 -> Main Room: and this generally causes price to trend in this same direction
2008-05-15 19:15:41 [Message] fib_1618 -> Main Room: equal and opposite during times of declining money flow
2008-05-15 19:15:51 [Message] swingtrader -> Main Room: bullish cross over means 10% cross the 5% to the upside?
2008-05-15 19:16:14 [Message] fib_1618 -> Main Room: therefore, prices can only move in a singular direction if the trend of money is leading in that same direction
2008-05-15 19:16:18 [Message] fib_1618 -> Main Room: correct
2008-05-15 19:16:31 [Message] fib_1618 -> Main Room: the 10% is the shortest "TREND" of the A/D line - it's the 19 day EMA
2008-05-15 19:16:55 [Message] fib_1618 -> Main Room: the 5% component is the intermediate "TREND" of the A/D line - it's the 39 day EMA
2008-05-15 19:17:40 [Message] fib_1618 -> Main Room: and only the raw plurality numbers allow these "components" that make up the whole (the MCO) which can determine direction
2008-05-15 19:18:01 [Message] fib_1618 -> Main Room: make sense?
2008-05-15 19:18:09 [Message] swingtrader -> Main Room: OK. If the 5% and 10% both above the 0 line/ But MCO itself is below 0 line. It only means correction on the main trend, right
2008-05-15 19:18:13 [Message] fib_1618 -> Main Room: everything builds on the other
2008-05-15 19:18:21 [Message] fib_1618 -> Main Room: correct
2008-05-15 19:18:28 [Message] fib_1618 -> Main Room: the engine is misfiring
2008-05-15 19:18:34 [Message] fib_1618 -> Main Room: or back firing
2008-05-15 19:18:49 [Message] fib_1618 -> Main Room: so it can move forward...but it will tend to quit at any point
2008-05-15 19:18:53 [Message] swingtrader -> Main Room: what if the component both 5 and 10 just zig zag on both side of 0, what does it tell us?
2008-05-15 19:19:00 [Message] fib_1618 -> Main Room: and this causes price pattern chops
2008-05-15 19:19:06 [Message] fib_1618 -> Main Room: this indicates indecision
2008-05-15 19:19:11 [Message] fib_1618 -> Main Room: no trend
2008-05-15 19:19:16 [Message] fib_1618 -> Main Room: no conviction
2008-05-15 19:19:28 [Message] fib_1618 -> Main Room: the A/D line (money) is basically moving sideways
2008-05-15 19:19:35 [Message] fib_1618 -> Main Room: up one day...down the next...etc
2008-05-15 19:19:52 [Message] fib_1618 -> Main Room: like price patterns themselves
2008-05-15 19:19:58 [Message] swingtrader -> Main Room: OK. So, the component reading is more important than the MCO itself
2008-05-15 19:20:04 [Message] fib_1618 -> Main Room: the flow of money doesn't just continue in one direction for very long
2008-05-15 19:20:13 [Message] fib_1618 -> Main Room: it's a part of the total package
2008-05-15 19:20:15 [Message] swingtrader -> Main Room: it determine how to read the MCO itself
2008-05-15 19:20:19 [Message] fib_1618 -> Main Room: yes - example
2008-05-15 19:20:25 [Message] fib_1618 -> Main Room: you're in your car
2008-05-15 19:20:42 [Message] fib_1618 -> Main Room: you look at the fuel gauge first to determine how far you can go, right?
2008-05-15 19:20:44 [Message] swingtrader -> Main Room: yes. I understand now. Thanks so much for the clarification. That really helps
2008-05-15 19:21:02 [Message] fib_1618 -> Main Room: if you have enough fuel, you can drive in your intended direction
2008-05-15 19:21:17 [Message] fib_1618 -> Main Room: not enough fuel, and your trip will be cut short
2008-05-15 19:21:23 [Message] swingtrader -> Main Room: yes. but the component is more short term view than the MCSUM, right?
2008-05-15 19:21:31 [Message] fib_1618 -> Main Room: and if the fuel lines are clogged (indecision) you will sputter along
2008-05-15 19:21:52 [Message] fib_1618 -> Main Room: the components represent the 19 and 39 day EMA's of the cumulative charts
2008-05-15 19:21:55 [Message] fib_1618 -> Main Room: their implied direction is only generated by how money is flowing
2008-05-15 19:22:30 [Message] fib_1618 -> Main Room: everything starts with breadth plurality
2008-05-15 19:22:46 [Message] fib_1618 -> Main Room: the components measure this same plurality on a trending basis
2008-05-15 19:22:53 [Message] fib_1618 -> Main Room: one is faster than the other
2008-05-15 19:23:09 [Message] fib_1618 -> Main Room: and both use EMA's as their basis
2008-05-15 19:23:56 [Message] fib_1618 -> Main Room: so when there is enough current movement in money flow to change the direction of these "trend lines, you will then be able to determine how important the developing price trend might be that results from this same fuel
2008-05-15 19:24:25 [Message] fib_1618 -> Main Room: bottom line: without money moving in advance of price, there is no trend
2008-05-15 19:25:10 [Message] fib_1618 -> Main Room: and the MCO allows everyone to make this determination well before the majority realizes it
2008-05-15 19:25:24 [Message] fib_1618 -> Main Room: it's very sensitive to trend development
2008-05-15 19:25:52 [Message] fib_1618 -> Main Room: it's provides clarity when fog makes it hard to do so
2008-05-15 19:25:57 [Message] swingtrader -> Main Room: let me see whether or not I get it right. The component could move to negative territory. However, if the MCSUM is high enough, say +1000. It won't be able to trend. That's the relationship, right?
2008-05-15 19:26:13 [Message] fib_1618 -> Main Room: well..yes and no
2008-05-15 19:26:17 [Message] fib_1618 -> Main Room: fun huh?
2008-05-15 19:26:29 [Message] swingtrader -> Main Room: yes and no
2008-05-15 19:26:39 [Message] swingtrader -> Main Room:
2008-05-15 19:27:02 [Message] fib_1618 -> Main Room: the MCSUM is the end product of the energy that is available for investment (the components), and how fast this energy is moving (the MCO)
2008-05-15 19:27:18 [Message] fib_1618 -> Main Room: think of a bathtub
2008-05-15 19:27:30 [Message] fib_1618 -> Main Room: you have cold and hot water valves (blue (10%) for cold, red (5%) for hot)
2008-05-15 19:27:50 [Message] fib_1618 -> Main Room: you start to fill the tub with these "energy (liquid) components"
2008-05-15 19:28:14 [Message] fib_1618 -> Main Room: you can turn the tap on full throttle, or you could let it drip out
2008-05-15 19:28:35 [Message] fib_1618 -> Main Room: what is left once these valves are eventually shut off, is your MCSUM
2008-05-15 19:28:58 [Message] fib_1618 -> Main Room: if the plug is open, the level of liquidity will dispense in a timely fashion
2008-05-15 19:29:31 [Message] fib_1618 -> Main Room: with all of the little boats you have in the water eventually losing their buoyancy
2008-05-15 19:30:13 [Message] fib_1618 -> Main Room: so if the faucets are turned off when the bathtub is completely full (highly "overbought" MCSUM)
2008-05-15 19:30:41 [Message] fib_1618 -> Main Room: to let the water run out of the tub can take quite a bit of time to do so with the drain being as small as it is
2008-05-15 19:31:18 [Message] fib_1618 -> Main Room: so the higher the MCSUM is, the longer it will take for all of the boats in the water to run dry
2008-05-15 19:31:47 [Message] fib_1618 -> Main Room: anyway...I hope the analogies help
2008-05-15 19:32:03 [Message] fib_1618 -> Main Room: look at the XLE for example
2008-05-15 19:32:04 [Message] swingtrader -> Main Room: The MCO is the faucet and the component is the plug, right?
2008-05-15 19:32:48 [Message] fib_1618 -> Main Room: to a point...the MCO tells you how high the amount of volume (liquidity) is coming out the faucets (the components)
2008-05-15 19:33:42 [Message] fib_1618 -> Main Room: the MCO is an accelerometer
2008-05-15 19:33:50 [Message] fib_1618 -> Main Room: let me get the definition
2008-05-15 19:34:06 [Message] fib_1618 -> Main Room: "an instrument for measuring acceleration or for detecting and measuring vibrations"
2008-05-15 19:34:38 [Message] fib_1618 -> Main Room: the MCSUM is the result of these same "vibrations"
2008-05-15 19:34:51 [Message] fib_1618 -> Main Room: the rhythm
2008-05-15 19:35:04 [Message] fib_1618 -> Main Room: back to the tub for a moment
2008-05-15 19:35:12 [Message] fib_1618 -> Main Room: if you have water in the tub
2008-05-15 19:35:47 [Message] fib_1618 -> Main Room: taking your forearm in a sweeping motion will give you varying results as to the level of the water that's in the tub
2008-05-15 19:36:25 [Message] fib_1618 -> Main Room: (several different analogies here...I'm hope I'm not confusing you)
2008-05-15 19:36:39 [Message] fib_1618 -> Main Room: everything in the market is based on physics
2008-05-15 19:36:54 [Message] fib_1618 -> Main Room: and I mean [u]everything[/u]
2008-05-15 19:37:14 [Message] fib_1618 -> Main Room: there is a natural "order" to what we believe is chaotic
2008-05-15 19:37:26 [Message] fib_1618 -> Main Room: our mission...
2008-05-15 19:37:46 [Message] fib_1618 -> Main Room: to determine what kind of rhythm or order were dealing with
2008-05-15 19:38:18 [Message] fib_1618 -> Main Room: and then apply this knowledge to the probable directional outcome of this same stimulus
2008-05-15 19:38:28 [Message] fib_1618 -> Main Room: how far?
2008-05-15 19:38:30 [Message] fib_1618 -> Main Room: how fast?
2008-05-15 19:38:33 [Message] fib_1618 -> Main Room: how long?
2008-05-15 19:38:38 [Message] swingtrader -> Main Room: the components tell you the volume coming out of the faucet, the MCO tell you how fast it comes out, right?
2008-05-15 19:38:49 [Message] fib_1618 -> Main Room:
2008-05-15 19:39:00 [Message] fib_1618 -> Main Room: the components are the sources of energy
2008-05-15 19:39:17 [Message] fib_1618 -> Main Room: the MCO tells you how fast or how slow this energy is being applied
2008-05-15 19:39:39 [Message] fib_1618 -> Main Room: the MCSUM is the result of the previous two parts of the total equations
2008-05-15 19:39:57 [Message] fib_1618 -> Main Room: we're measuring velocity
2008-05-15 19:40:14 [Message] fib_1618 -> Main Room: we're measuring consumption
2008-05-15 19:40:18 [Message] swingtrader -> Main Room: OK. another thing the components tell you which sector or market trending better than the other and therefore to put your money in
2008-05-15 19:40:50 [Message] fib_1618 -> Main Room: we're measuring the projected outcome of these same variables
2008-05-15 19:41:24 [Message] fib_1618 -> Main Room: no...the components only measures a single basket of applied information
2008-05-15 19:41:34 [Message] fib_1618 -> Main Room: each sector is a separate bathtub
2008-05-15 19:41:44 [Message] fib_1618 -> Main Room: though a smaller one
2008-05-15 19:42:18 [Message] fib_1618 -> Main Room: every MCO chart you see at DP represents money flow of only that specific basket
2008-05-15 19:42:29 [Message] fib_1618 -> Main Room: the NYSE is the parent
2008-05-15 19:42:51 [Message] fib_1618 -> Main Room: the sectors that make up the NYSE are only the offspring of a larger family
2008-05-15 19:42:57 [Message] swingtrader -> Main Room: for example, if the MID component shows better reading than the SML, that's where to put money in, correct?
2008-05-15 19:43:10 [Message] fib_1618 -> Main Room: yes...bottom line..you follow the money
2008-05-15 19:43:14 [Message] swingtrader -> Main Room: yes. if the NYSE is in bullish trend
2008-05-15 19:43:26 [Message] fib_1618 -> Main Room: correct
2008-05-15 19:43:29 [Message] swingtrader -> Main Room: yes. got it. Thanks
2008-05-15 19:43:30 [Message] fib_1618 -> Main Room: because...?
2008-05-15 19:43:57 [Message] swingtrader -> Main Room: breath lead price
2008-05-15 19:43:58 [Message] fib_1618 -> Main Room: if the parent isn't feeling very well, then any renegade kids aren't probably going to go to far, and will be spanked because of it
2008-05-15 19:44:17 [Message] fib_1618 -> Main Room: remember last October?
2008-05-15 19:44:32 [Message] fib_1618 -> Main Room: and the spanking that took place in January?
2008-05-15 19:44:32 [Message] swingtrader -> Main Room: yes, clearly
2008-05-15 19:44:43 [Message] fib_1618 -> Main Room: nuff said
2008-05-15 19:45:01 [Message] fib_1618 -> Main Room: this is why it's very important that we get as much into sync as possible
2008-05-15 19:45:06 [Message] swingtrader -> Main Room: I have been reviewing the chat transcript from last oct. Found a lot of gems
2008-05-15 19:45:16 [Message] dowdeva -> Main Room: Ah yes, but look how far GOOG ran away from home before it got spanked!
2008-05-15 19:45:19 [Message] fib_1618 -> Main Room: the more we have moving in one direction, the better of odds of success
2008-05-15 19:46:38 [Message] fib_1618 -> Main Room: it's very important as technicians that we fully understand what an indicator represents
2008-05-15 19:46:47 [Message] fib_1618 -> Main Room: what it measures
2008-05-15 19:46:50 [Message] fib_1618 -> Main Room: how it measures it
2008-05-15 19:47:08 [Message] fib_1618 -> Main Room: and what would be the best preferred outcome with all things being equal
2008-05-15 19:47:22 [Message] fib_1618 -> Main Room: not a prefect way to trade
2008-05-15 19:47:46 [Message] fib_1618 -> Main Room: but it will tend to keep you honest, and your money will appreciate without a whole lot of worry
2008-05-15 19:48:11 [Message] fib_1618 -> Main Room: OK...shall we take a look at the charts?
2008-05-15 19:48:25 [Message] fib_1618 -> Main Room: hehe
2008-05-15 19:48:36 [Message] fib_1618 -> Main Room: do I really have to go over the data with you guys?
2008-05-15 19:48:46 [Message] TradeMark -> Main Room: good idea....they are beautiful tonite
2008-05-15 19:48:51 [Message] fib_1618 -> Main Room: hehe
2008-05-15 19:49:10 [Message] fib_1618 -> Main Room: how beautiful are they (he said in his best Ed McMahon voice)
2008-05-15 19:49:27 [Message] swingtrader -> Main Room: yes. please, I am very interested in your take on whether or not today's action is the gas on the pedal you described a few days ago
2008-05-15 19:49:40 [Message] fib_1618 -> Main Room: what is your observation ST?
2008-05-15 19:49:48 [Message] TradeMark -> Main Room: I say pedal off the metal
2008-05-15 19:49:52 [Message] fib_1618 -> Main Room: tell me what see
2008-05-15 19:50:03 [Message] fib_1618 -> Main Room: anyone...share what you see
2008-05-15 19:50:04 [Message] swingtrader -> Main Room: the NYSE made a higher high than the negative div high
2008-05-15 19:50:13 [Message] fib_1618 -> Main Room: and that would mean?
2008-05-15 19:50:16 [Message] swingtrader -> Main Room: it certainly negate the negative divergence
2008-05-15 19:50:21 [Message] fib_1618 -> Main Room: correct
2008-05-15 19:50:35 [Message] fib_1618 -> Main Room: and this provides us with a reset to the pattern
2008-05-15 19:50:37 [Message] fib_1618 -> Main Room: what else?
2008-05-15 19:50:45 [Message] dowdeva -> Main Room: Some resistance...
2008-05-15 19:50:49 [Message] fib_1618 -> Main Room: is there?
2008-05-15 19:50:50 [Message] dowdeva -> Main Room: coming into play here.
2008-05-15 19:50:55 [Message] TradeMark -> Main Room: Neg divergence or potential neg divergence?
2008-05-15 19:51:04 [Message] dowdeva -> Main Room: POTENTIAL
2008-05-15 19:51:16 [Message] fib_1618 -> Main Room: clue...forget the divergence angle...look at the data
2008-05-15 19:51:26 [Message] dowdeva -> Main Room: k
2008-05-15 19:51:49 [Message] dowdeva -> Main Room: The data says resistance here
2008-05-15 19:52:01 [Message] fib_1618 -> Main Room: if the MCO measures acceleration, what does todays move higher suggest?
2008-05-15 19:52:15 [Message] fib_1618 -> Main Room: forget resistance
2008-05-15 19:52:24 [Message] swingtrader -> Main Room: break out, because the down trend line suppose to be down
2008-05-15 19:52:38 [Message] swingtrader -> Main Room: today, we broke above the last lower high
2008-05-15 19:52:39 [Message] dowdeva -> Main Room: Going up, but mcsum has hit previous areas of resistance. Something to watch you have said previously
2008-05-15 19:52:49 [Message] fib_1618 -> Main Room: well...the pressure of the declining tops line has been violated...yes
2008-05-15 19:53:04 [Message] fib_1618 -> Main Room: you're getting ahead of yourself with the MCSUM
2008-05-15 19:53:21 [Message] fib_1618 -> Main Room: so if downward pressure has been broken
2008-05-15 19:53:29 [Message] fib_1618 -> Main Room: what would be the next technical expectation?
2008-05-15 19:54:01 [Message] fib_1618 -> Main Room: don't over think it
2008-05-15 19:54:03 [Message] dowdeva -> Main Room: fresh money coming in?
2008-05-15 19:54:13 [Message] fib_1618 -> Main Room: yes...it would take fresh money to do this
2008-05-15 19:54:16 [Message] fib_1618 -> Main Room: go on
2008-05-15 19:54:52 [Message] jkw -> Main Room: NYSE 9700ish
2008-05-15 19:55:13 [Message] fib_1618 -> Main Room: what is it that all of us wants to see after a trend line violation?
2008-05-15 19:55:39 [Message] TradeMark -> Main Room: How about retest....
2008-05-15 19:55:41 [Message] swingtrader -> Main Room: follow through?
2008-05-15 19:55:43 [Message] fib_1618 -> Main Room: so that we know that the path of least resistance is constant
2008-05-15 19:55:47 [Message] fib_1618 -> Main Room: follow through...yes
2008-05-15 19:55:56 [Message] fib_1618 -> Main Room: now, as DD mentioned
2008-05-15 19:56:04 [Message] fib_1618 -> Main Room: we also have overhead resistance on the chart
2008-05-15 19:56:16 [Message] fib_1618 -> Main Room: so this tells us a couple of things
2008-05-15 19:56:37 [Message] fib_1618 -> Main Room: if we fail again to move above this same series of tops seen on the CO NYSE breadth MCO
2008-05-15 19:57:04 [Message] fib_1618 -> Main Room: as we have seen before, we're more than likely going to transverse back down to or towards the zero line again
2008-05-15 19:57:32 [Message] fib_1618 -> Main Room: if we break above this level, and this is part of a follow through on a breakout
2008-05-15 19:58:01 [Message] fib_1618 -> Main Room: then money flow is going to be so overwhelming that prices will be stimulated even further to move in this same direction
2008-05-15 19:58:13 [Message] gman -> Main Room: then next stop the Feb MCO high?
2008-05-15 19:58:38 [Message] fib_1618 -> Main Room: and therefore...you will also have the equivalent momentum behind this same push
2008-05-15 19:59:23 [Message] fib_1618 -> Main Room: this is possible...but we still need to see a break above this same resistance level "to be sure"
2008-05-15 19:59:38 [Message] fib_1618 -> Main Room: but at the same time
2008-05-15 19:59:49 [Message] fib_1618 -> Main Room: if this does take place ( the break above the +50 zone)
2008-05-15 20:00:01 [Message] fib_1618 -> Main Room: two other things will tend to happen
2008-05-15 20:00:19 [Message] fib_1618 -> Main Room: first...this will be the point in which both willing and unwilling buyers enter the market
2008-05-15 20:00:35 [Message] fib_1618 -> Main Room: this will use up any "finite" fuel in a hurry
2008-05-15 20:00:38 [Message] fib_1618 -> Main Room: and because of this
2008-05-15 20:01:02 [Message] fib_1618 -> Main Room: the range of zero to +50 will not likely hold after this same push
2008-05-15 20:01:14 [Message] TradeMark -> Main Room: how about 2 months essentially above 0 for the MCO?
2008-05-15 20:01:37 [Message] fib_1618 -> Main Room: when the MCO is trending like this between ranges, it's like the price action is coasting in this same direction
2008-05-15 20:01:58 [Message] fib_1618 -> Main Room: yes, 2 months is a long time...we have commented on this before
2008-05-15 20:02:15 [Message] fib_1618 -> Main Room: but at the same time, it also shows us that money flow in this direction is constant
2008-05-15 20:02:48 [Message] fib_1618 -> Main Room: and if you look at the CO NYSE breadth MCSUM, you can see this same consistency
2008-05-15 20:03:07 [Message] fib_1618 -> Main Room: the "texture" of this same stimulus
2008-05-15 20:04:16 [Message] fib_1618 -> Main Room: in summary then...today's higher highs in the CO NYSE breadth MCO is extraordinary
2008-05-15 20:04:24 [Message] fib_1618 -> Main Room: something is brewing
2008-05-15 20:04:37 [Message] fib_1618 -> Main Room: something in which we've made mention of for the last two weeks
2008-05-15 20:05:08 [Message] fib_1618 -> Main Room: our real clue in all of this has been the markets [u]inability[/u] to correct
2008-05-15 20:05:30 [Message] fib_1618 -> Main Room: every time we've looked for one, it's escaped us
2008-05-15 20:05:50 [Message] fib_1618 -> Main Room: this is, and continues to be, VERY important information
2008-05-15 20:06:00 [Message] fib_1618 -> Main Room: a whisper
2008-05-15 20:06:11 [Message] dowdeva -> Main Room: slowly I step...
2008-05-15 20:06:11 [Message] fib_1618 -> Main Room: come hither
2008-05-15 20:06:20 [Message] fib_1618 -> Main Room: let me show you the way
2008-05-15 20:06:38 [Message] dowdeva -> Main Room: inch by inch...
2008-05-15 20:06:44 [Message] fib_1618 -> Main Room: those who have listened have been just as amazed as those who haven't listened
2008-05-15 20:07:07 [Message] fib_1618 -> Main Room: and still...many still are looking for a top
2008-05-15 20:07:28 [Message] fib_1618 -> Main Room: and still...they have NOTHING of substance to back them up
2008-05-15 20:07:36 [Message] fib_1618 -> Main Room: only theory
2008-05-15 20:07:41 [Message] fib_1618 -> Main Room: only bias
2008-05-15 20:07:45 [Message] fib_1618 -> Main Room: only emotion
2008-05-15 20:07:59 [Message] fib_1618 -> Main Room: money doesn't care about any of this
2008-05-15 20:08:26 [Message] fib_1618 -> Main Room: in fact, sometimes, it's like adding fuel to an already burning fire
2008-05-15 20:08:45 [Message] fib_1618 -> Main Room: and over the horizon, liquidity levels continue to rise in anticipation
2008-05-15 20:09:09 [Message] TradeMark -> Main Room: So, maybe we should stop looking (for the pullback)....THEN the correction will set in.
2008-05-15 20:09:19 [Message] fib_1618 -> Main Room:
2008-05-15 20:09:26 [Message] fib_1618 -> Main Room: always seems that way, doesn't it?
2008-05-15 20:09:26 [Message] swingtrader -> Main Room: what will qualify a correction in your notion? We have been correcting back to around 21d ema. That's the same behavior as in the past, right?
2008-05-15 20:09:53 [Message] fib_1618 -> Main Room: well...you're taking what the market has given you in the past to make such determinations
2008-05-15 20:10:32 [Message] fib_1618 -> Main Room: and each hurdle of this kind will be a breaking point for this same rising liquidity to overcome
2008-05-15 20:10:43 [Message] fib_1618 -> Main Room: we are talking now, today
2008-05-15 20:10:49 [Message] fib_1618 -> Main Room: not what was - that's over
2008-05-15 20:11:02 [Message] fib_1618 -> Main Room: this is a new price pattern sequence
2008-05-15 20:11:12 [Message] fib_1618 -> Main Room: the last one ended in March
2008-05-15 20:11:35 [Message] fib_1618 -> Main Room: until this one is complete, what we/re dealing with are only obstacles created by previous opinion
2008-05-15 20:11:46 [Message] fib_1618 -> Main Room: which will need more and more (like) energy to overcome
2008-05-15 20:12:05 [Message] fib_1618 -> Main Room: and if enough comes in, then these same hurdles will be overcome
2008-05-15 20:12:08 [Message] fib_1618 -> Main Room: and then another
2008-05-15 20:12:11 [Message] fib_1618 -> Main Room: and another
2008-05-15 20:12:24 [Message] fib_1618 -> Main Room: until...it stops
2008-05-15 20:12:50 [Message] fib_1618 -> Main Room: today's move higher in the CO NYSE breadth MCO says "it's not over yet" - "there's more to come"
2008-05-15 20:13:11 [Message] fib_1618 -> Main Room: remember...energy provides momentum
2008-05-15 20:13:33 [Message] fib_1618 -> Main Room: so even if the energy is depleted, we still have the momentum of this same forward motion to deplete itself
2008-05-15 20:13:57 [Message] fib_1618 -> Main Room: this is why when the MCSUM is peaks out, and moves lower, prices can continue to move in this same direction
2008-05-15 20:13:58 [Message] TradeMark -> Main Room: Well, the CO MCO is where it has been turned back before? Denied so to speak
2008-05-15 20:14:06 [Message] fib_1618 -> Main Room: yes...
2008-05-15 20:14:10 [Message] fib_1618 -> Main Room: and we also have to keep in mind that the measurement of this data is based on the CO NYSE A/D line itself
2008-05-15 20:14:44 [Message] fib_1618 -> Main Room: so what is this A/D lines position right now?
2008-05-15 20:14:51 [Message] fib_1618 -> Main Room: let me get last weeks chart
2008-05-15 20:15:28 [Message] fib_1618 -> Main Room: http://www.technicalwatch.com/ad08/breadthdjia050908.gif
2008-05-15 20:15:54 [Message] fib_1618 -> Main Room: so let's see now
2008-05-15 20:16:10 [Message] fib_1618 -> Main Room: the CO A/D line is still under the influence of a declining tops line
2008-05-15 20:16:38 [Message] fib_1618 -> Main Room: and the forward motion of money accelerated today, but STILL remains below previous resistance levels
2008-05-15 20:17:16 [Message] fib_1618 -> Main Room: can anyone put the two together and come up with what's needed to allow the A/D line to break above current resistance?
2008-05-15 20:17:48 [Message] fib_1618 -> Main Room: simply put...
2008-05-15 20:18:04 [Message] fib_1618 -> Main Room: in order for this A/D line to break above the declining tops line in orange
2008-05-15 20:18:25 [Message] fib_1618 -> Main Room: there must be more than what has been seen before in breadth acceleration (or thrust) to break through this same wall
2008-05-15 20:18:39 [Message] fib_1618 -> Main Room: so...putting it together
2008-05-15 20:18:53 [Message] fib_1618 -> Main Room: if the CO NYSE breadth MCO moves above this overhead resistance near term
2008-05-15 20:19:13 [Message] fib_1618 -> Main Room: it will more than likely coincide with the CO A/D line finally being able to move above this same down trend line
2008-05-15 20:19:18 [Message] fib_1618 -> Main Room: furthermore
2008-05-15 20:20:01 [Message] fib_1618 -> Main Room: it will then take a move in this same MCO above the January/Februray highs in order to break above the upper downtrend line on the chart
2008-05-15 20:20:32 [Message] fib_1618 -> Main Room: again...these are "resistance" point
2008-05-15 20:20:45 [Message] fib_1618 -> Main Room: and the only way to break through resistance is with energy
2008-05-15 20:21:12 [Message] fib_1618 -> Main Room: the more you step on the gas, the difference it will be going through a locked gate and that of a brick wall
2008-05-15 20:22:14 [Message] fib_1618 -> Main Room: anyway..maybe we'll get lucky and see this MCO move above the +50 level tomorrow, and this would time well with the updated A/D chart that I'll post this weekend
2008-05-15 20:22:28 [Message] fib_1618 -> Main Room: if not...then the downtrend continues
2008-05-15 20:23:04 [Message] TradeMark -> Main Room: What downtrend is that?
2008-05-15 20:23:07 [Message] fib_1618 -> Main Room: in other words, the bulls are once again attempting to muster up enough effort to break the current negative hold of sponsorship in which this data represents
2008-05-15 20:23:28 [Message] fib_1618 -> Main Room: the one in orange is the first hurdle
2008-05-15 20:23:50 [Message] TradeMark -> Main Room: oh, I thought you talking price
2008-05-15 20:23:52 [Message] fib_1618 -> Main Room: the one in deep red is the key
2008-05-15 20:24:23 [Message] fib_1618 -> Main Room: it can get confusing
2008-05-15 20:24:35 [Message] fib_1618 -> Main Room: price is secondary
2008-05-15 20:24:38 [Message] fib_1618 -> Main Room: I don't care
2008-05-15 20:25:18 [Message] fib_1618 -> Main Room: if money is breaking support or resistance areas, I know that we'll have a more than an even chance that price will follow this lead and position myself accordingly
2008-05-15 20:25:56 [Message] fib_1618 -> Main Room: you got to have a little faith in your indicators
2008-05-15 20:26:01 [Message] fib_1618 -> Main Room: right ST?
2008-05-15 20:26:15 [Message] swingtrader -> Main Room: sure
2008-05-15 20:26:26 [Message] fib_1618 -> Main Room: no faith...and you might as well throw darts
2008-05-15 20:26:43 [Message] fib_1618 -> Main Room: what was it you keep saying to yourself? "until proven otherwise?"
2008-05-15 20:27:06 [Message] fib_1618 -> Main Room: takes a bit of faith to trade like that
2008-05-15 20:27:07 [Message] swingtrader -> Main Room: yes. everything else it is just hypo
2008-05-15 20:27:30 [Message] swingtrader -> Main Room: actually, that is the most difficult part of investing IMHO
2008-05-15 20:27:38 [Message] fib_1618 -> Main Room: and now...today...so far...what was the possibility of divergence, isn't any more
2008-05-15 20:27:49 [Message] fib_1618 -> Main Room: everything is hard
2008-05-15 20:27:53 [Message] fib_1618 -> Main Room: it's your money
2008-05-15 20:28:05 [Message] fib_1618 -> Main Room: easy to tell others what they should do
2008-05-15 20:28:14 [Message] swingtrader -> Main Room: no. before today there is only possibility, but today, the possibility gone
2008-05-15 20:28:22 [Message] fib_1618 -> Main Room: but when it's your neck...it's very difficult
2008-05-15 20:28:27 [Message] fib_1618 -> Main Room: correct
2008-05-15 20:28:35 [Message] fib_1618 -> Main Room: it was only "possible"
2008-05-15 20:28:40 [Message] fib_1618 -> Main Room: not "probable"
2008-05-15 20:28:46 [Message] fib_1618 -> Main Room: big difference
2008-05-15 20:28:57 [Message] fib_1618 -> Main Room: possible is only a yellow light
2008-05-15 20:29:07 [Message] fib_1618 -> Main Room: probable is a red one
2008-05-15 20:29:12 [Message] swingtrader -> Main Room: that's why it has to be proven
2008-05-15 20:29:19 [Message] fib_1618 -> Main Room: absolutely
2008-05-15 20:29:27 [Message] fib_1618 -> Main Room: oscillators will always diverge
2008-05-15 20:29:52 [Message] fib_1618 -> Main Room: but it's only when they [b]confirm[/b] when it makes a real difference
2008-05-15 20:30:01 [Message] fib_1618 -> Main Room: many lead off too early
2008-05-15 20:30:05 [Message] fib_1618 -> Main Room: too many
2008-05-15 20:30:17 [Message] fib_1618 -> Main Room: because...we want to get out at THE top
2008-05-15 20:30:26 [Message] fib_1618 -> Main Room: as if the market is going to be impressed
2008-05-15 20:30:50 [Message] fib_1618 -> Main Room: the market doesn't care...your ego might...but this is not disciplined technical trading
2008-05-15 20:31:15 [Message] fib_1618 -> Main Room: the hardest thing to do is NOT selling a position that's gone against you - the hardest thing to do is to let your profits run
2008-05-15 20:31:48 [Message] fib_1618 -> Main Room: to congratulate yourself on your work ethic
2008-05-15 20:32:21 [Message] fib_1618 -> Main Room: of course, I'm talking in a broad sense, but I'm sure you get the idea
2008-05-15 20:32:44 [Message] fib_1618 -> Main Room: for example
2008-05-15 20:32:49 [Message] fib_1618 -> Main Room: ST...
2008-05-15 20:32:58 [Message] fib_1618 -> Main Room: were you ready to sell on Tuesday?
2008-05-15 20:33:23 [Message] swingtrader -> Main Room: no. Tuesday was OK
2008-05-15 20:33:32 [Message] fib_1618 -> Main Room: but you were nervous
2008-05-15 20:33:39 [Message] swingtrader -> Main Room: But last Friday it was really on the edge
2008-05-15 20:33:41 [Message] fib_1618 -> Main Room: you saw lower lows on the MCO
2008-05-15 20:33:45 [Message] fib_1618 -> Main Room:
2008-05-15 20:34:15 [Message] fib_1618 -> Main Room: but there wasn't a real reason to, was there?
2008-05-15 20:34:28 [Message] fib_1618 -> Main Room: there was "anticipation" of what might be
2008-05-15 20:34:29 [Message] swingtrader -> Main Room: yes. honestly, no
2008-05-15 20:35:05 [Message] fib_1618 -> Main Room: that's why it's always wise to have your day planned for the next day the night before
2008-05-15 20:36:24 [Message] fib_1618 -> Main Room: you look at the daily numbers and graphs, predetermine what needs to happen to make a move BEFORE the next day starts, and it becomes much easier to do so without emotion getting in the way
2008-05-15 20:36:39 [Message] fib_1618 -> Main Room: you can set stops
2008-05-15 20:36:45 [Message] fib_1618 -> Main Room: go play golf
2008-05-15 20:36:59 [Message] fib_1618 -> Main Room: if the market says your out...you did so on YOUR TERMS
2008-05-15 20:37:13 [Message] fib_1618 -> Main Room: and the best thing about it is, that trade is done, and you move to the next adventure
2008-05-15 20:37:41 [Message] fib_1618 -> Main Room: and you do so on YOUR TERMS
2008-05-15 20:37:59 [Message] fib_1618 -> Main Room: what the market suggests to you what the best course of action
2008-05-15 20:38:10 [Message] fib_1618 -> Main Room: not a message board
2008-05-15 20:38:14 [Message] fib_1618 -> Main Room: or a newsletter
2008-05-15 20:38:19 [Message] fib_1618 -> Main Room: or a chat room for that matter
2008-05-15 20:38:25 [Message] fib_1618 -> Main Room: nor the media
2008-05-15 20:38:48 [Message] fib_1618 -> Main Room: let the (money) force guide you
2008-05-15 20:39:51 [Message] fib_1618 -> Main Room: anyway, we saw a higher MCO high with price moving to new recovery highs as well today
2008-05-15 20:39:57 [Message] fib_1618 -> Main Room: good confirmation
2008-05-15 20:40:03 [Message] dowdeva -> Main Room: What chart are we on?
2008-05-15 20:40:18 [Message] fib_1618 -> Main Room: sorry...composite NYSE breadth
2008-05-15 20:41:07 [Message] fib_1618 -> Main Room: now, taking our line of vision to the NYSE breadth MCSUM, we are now knocking on the door of the October highs now
2008-05-15 20:41:29 [Message] fib_1618 -> Main Room: and the MCSUM itself saw a larger separation post today as well
2008-05-15 20:41:55 [Message] fib_1618 -> Main Room: now...a bit of MCSUM physics
2008-05-15 20:42:31 [Message] fib_1618 -> Main Room: in order for the bulls to gain "escape velocity" from the March lows, it will need to move above the +500 level to do so
2008-05-15 20:42:51 [Message] fib_1618 -> Main Room: this has been shared before
2008-05-15 20:43:09 [Message] fib_1618 -> Main Room: and as the MCSUM itself moves higher above this magical point
2008-05-15 20:43:37 [Message] fib_1618 -> Main Room: the percentage moves in the average NYA stock traded will also increase
2008-05-15 20:43:55 [Message] fib_1618 -> Main Room: what was .25% moves become .50% moves
2008-05-15 20:44:14 [Message] fib_1618 -> Main Room: a 1 point move before, can become a 1 1/2 to 2 point move
2008-05-15 20:44:38 [Message] fib_1618 -> Main Room: as there is less gravity (resistance) holding back the issue from doing so
2008-05-15 20:45:09 [Message] fib_1618 -> Main Room: as the shuttle moves higher from earth, its far easier for it to maneuver without the benefits of energy to push it
2008-05-15 20:45:20 [Message] fib_1618 -> Main Room:
2008-05-15 20:45:25 [Message] fib_1618 -> Main Room: fun? huh?
2008-05-15 20:45:25 [Message] TradeMark -> Main Room: So this second chart is a wicket of a different stick than the CO.
2008-05-15 20:45:48 [Message] fib_1618 -> Main Room: yes...and why is this so?
2008-05-15 20:45:52 [Message] TradeMark -> Main Room: No bear bate
2008-05-15 20:46:24 [Message] swingtrader -> Main Room: bond?
2008-05-15 20:46:30 [Message] fib_1618 -> Main Room: is the first chart only showing "common only" issues, while the composite is showing everything??
2008-05-15 20:47:04 [Message] fib_1618 -> Main Room: warrants..preferred...CEF's, etc, as well as, the commons
2008-05-15 20:47:22 [Message] swingtrader -> Main Room: yes, bond related, right?
2008-05-15 20:47:28 [Message] fib_1618 -> Main Room: the CO is then a sub set that makes up the total whole
2008-05-15 20:47:43 [Message] fib_1618 -> Main Room: well...there are Bond CEF's in the composite
2008-05-15 20:47:51 [Message] fib_1618 -> Main Room: where the commons don't have these issues
2008-05-15 20:48:01 [Message] fib_1618 -> Main Room: so...let's think about this for a moment
2008-05-15 20:48:33 [Message] fib_1618 -> Main Room: back in April, which A/D line was leading to the upside? the commons or the composite?
2008-05-15 20:48:53 [Message] swingtrader -> Main Room: composite
2008-05-15 20:48:58 [Message] fib_1618 -> Main Room: right
2008-05-15 20:49:17 [Message] fib_1618 -> Main Room: now...what are the positions of these same MCO's?
2008-05-15 20:49:54 [Message] fib_1618 -> Main Room: is one lagging the other?
2008-05-15 20:49:58 [Message] swingtrader -> Main Room: CO is higher than the composite as of today
2008-05-15 20:50:11 [Message] fib_1618 -> Main Room: OK...and what would that suggest?
2008-05-15 20:50:32 [Message] swingtrader -> Main Room: money moving from bond to stocks?
2008-05-15 20:50:38 [Message] fib_1618 -> Main Room: bingo
2008-05-15 20:50:58 [Message] fib_1618 -> Main Room: money moves from gold to commodities to bonds and THEN to equities
2008-05-15 20:51:20 [Message] fib_1618 -> Main Room: and it also means
2008-05-15 20:51:37 [Message] fib_1618 -> Main Room: that the laggards, the commons, are now starting to participate
2008-05-15 20:52:05 [Message] fib_1618 -> Main Room: that the implied safety of preferred and bond funds are not as attractive as before
2008-05-15 20:52:10 [Message] fib_1618 -> Main Room: more risk is being taken
2008-05-15 20:52:23 [Message] fib_1618 -> Main Room: and the only reason why risk can increase is because.....?
2008-05-15 20:52:26 [Message] swingtrader -> Main Room: That may explain the action in RUT lately
2008-05-15 20:52:44 [Message] swingtrader -> Main Room: liquidity?
2008-05-15 20:52:50 [Message] fib_1618 -> Main Room: bingo again!
2008-05-15 20:53:03 [Message] fib_1618 -> Main Room: gold star for ST!
2008-05-15 20:53:06 [Message] dowdeva -> Main Room: I was going to say that
2008-05-15 20:53:17 [Message] fib_1618 -> Main Room: see...you get it
2008-05-15 20:53:31 [Message] swingtrader -> Main Room: Thank you. Next time DD
2008-05-15 20:53:47 [Message] fib_1618 -> Main Room: it's really not that hard understand...because...there IS consistency in all of this
2008-05-15 20:53:58 [Message] gman -> Main Room: Fib, does the fact that the MCO was descending to and below the zero line back in Oct while that doesn't appear to be happening at this time (with today's McSum challenging the Oct high) have any bearing as to what to expect this time? (talking NYSE breath chart)
2008-05-15 20:54:48 [Message] fib_1618 -> Main Room: let me look
2008-05-15 20:55:31 [Message] fib_1618 -> Main Room: it's really a total pattern concept gman
2008-05-15 20:55:40 [Message] fib_1618 -> Main Room: for example
2008-05-15 20:56:07 [Message] fib_1618 -> Main Room: back in October we had a series of declining tops controlling the MCSUM pattern on many indices
2008-05-15 20:57:01 [Message] fib_1618 -> Main Room: this same line has, or is in the process of, being challenged
2008-05-15 20:58:20 [Message] fib_1618 -> Main Room: difficult question to answer...too many variable
2008-05-15 20:58:36 [Message] gman -> Main Room: fair enough
2008-05-15 20:58:39 [Message] fib_1618 -> Main Room: here's the main difference though between now and then
2008-05-15 20:58:46 [Message] fib_1618 -> Main Room: we currently have MCSUM divergence - and double divergence at that
2008-05-15 20:59:22 [Message] fib_1618 -> Main Room: this divergence, in and of itself, makes the current advance in the MCSUM different than any of the ones seen since the 2003 advance
2008-05-15 20:59:30 [Message] fib_1618 -> Main Room: it has foundation
2008-05-15 20:59:39 [Message] fib_1618 -> Main Room: it has strong stability (rebar)
2008-05-15 21:00:00 [Message] fib_1618 -> Main Room: and though the road has been on the rough side since these lows
2008-05-15 21:00:58 [Message] fib_1618 -> Main Room: bull market corrections, or intermediate bear markets (your choice), will usually have a period of base building involved before traders become confident enough to once again step in the water
2008-05-15 21:01:12 [Message] fib_1618 -> Main Room: look at the 2003 lows
2008-05-15 21:01:21 [Message] gman -> Main Room: is the environment one that would support another 3 step initiation phase since this has foundation?
2008-05-15 21:01:35 [Message] fib_1618 -> Main Room: I don't believe so
2008-05-15 21:01:43 [Message] fib_1618 -> Main Room: 3 steps are very rare
2008-05-15 21:02:05 [Message] fib_1618 -> Main Room: however, divergent MCSUM's aren't anything to sneeze at either
2008-05-15 21:02:26 [Message] fib_1618 -> Main Room: 3 step structures are actually seen after bear market lows
2008-05-15 21:02:48 [Message] fib_1618 -> Main Room: they don't actually suggest a bull market in process, only that a bear market has ended
2008-05-15 21:03:00 [Message] fib_1618 -> Main Room: you understand the difference?
2008-05-15 21:03:07 [Message] gman -> Main Room: yea
2008-05-15 21:03:22 [Message] fib_1618 -> Main Room: this is why 3 steps are rare events
2008-05-15 21:03:25 [Message] fib_1618 -> Main Room: after all
2008-05-15 21:03:38 [Message] fib_1618 -> Main Room: how many bear markets have we seen in the last 90 years?
2008-05-15 21:03:46 [Message] fib_1618 -> Main Room: 3?
2008-05-15 21:04:09 [Message] fib_1618 -> Main Room: (based on the A/D line, of course)
2008-05-15 21:04:27 [Message] fib_1618 -> Main Room: there were a couple in the late 30's
2008-05-15 21:04:43 [Message] fib_1618 -> Main Room: I think one in the 50's
2008-05-15 21:04:54 [Message] fib_1618 -> Main Room: sorry...I'm confusing you
2008-05-15 21:05:06 [Message] fib_1618 -> Main Room: I'm referring to 3 step patterns...times in which bear markets ENDED
2008-05-15 21:05:20 [Message] fib_1618 -> Main Room: and then you had the one in 2002/2003
2008-05-15 21:05:36 [Message] fib_1618 -> Main Room: divergent MCSUM lows are also rather rare
2008-05-15 21:05:53 [Message] fib_1618 -> Main Room: but tend to take place DURING a longer term uptrend...a continuation pattern if you will
2008-05-15 21:06:31 [Message] fib_1618 -> Main Room: I would have to dig out my historic charts...but Randy (Mortiz) has made some great posts on this subject matter that you can review
2008-05-15 21:06:50 [Message] fib_1618 -> Main Room: oh man....where does the time go
2008-05-15 21:06:57 [Message] gman -> Main Room: thank you
2008-05-15 21:07:00 [Message] fib_1618 -> Main Room: let me look at the rest of the charts - one sec
2008-05-15 21:07:32 [Message] fib_1618 -> Main Room: the NDX breadth MCO seems to be thrusting higher now
2008-05-15 21:07:49 [Message] fib_1618 -> Main Room: quite a bit of money rushing in now...is that a tsunami I see?
2008-05-15 21:08:03 [Message] fib_1618 -> Main Room: oh wow
2008-05-15 21:08:08 [Message] fib_1618 -> Main Room: look at the SPX breadth MCO!
2008-05-15 21:08:15 [Message] fib_1618 -> Main Room: here she comes...
2008-05-15 21:08:28 [Message] fib_1618 -> Main Room: (getting tingles)
2008-05-15 21:08:48 [Message] swingtrader -> Main Room: this one definitely breaks the down trend line (SPX)
2008-05-15 21:08:54 [Message] fib_1618 -> Main Room: SPX 1500 is the new upside price objective now given by this MCO breakout
2008-05-15 21:09:15 [Message] fib_1618 -> Main Room: and a move above the February MCO peak...new all time highs
2008-05-15 21:09:34 [Message] fib_1618 -> Main Room: OEX still lagging here...that's OK for now
2008-05-15 21:09:43 [Message] fib_1618 -> Main Room: quite a day
2008-05-15 21:10:11 [Message] fib_1618 -> Main Room: MID still on track to challenging its all time highs now
2008-05-15 21:10:39 [Message] fib_1618 -> Main Room: someone hit the booster on the SML breadth MCO
2008-05-15 21:10:56 [Message] fib_1618 -> Main Room: looks like the tide is coming in fast now
2008-05-15 21:11:02 [Message] TradeMark -> Main Room: Back on SPX, what is above a Feb peak?
2008-05-15 21:11:41 [Message] fib_1618 -> Main Room: new price highs
2008-05-15 21:11:53 [Message] fib_1618 -> Main Room: "look to the sky"
2008-05-15 21:11:58 [Message] fib_1618 -> Main Room:
2008-05-15 21:12:17 [Message] fib_1618 -> Main Room: folks, if anything, you have to admire how the strength continues to build day by day here
2008-05-15 21:12:20 [Message] TradeMark -> Main Room: yes, but MCO lower?
2008-05-15 21:12:47 [Message] fib_1618 -> Main Room: no...the MCO will need to take out its Feb highs...then you will get new all time price highs
2008-05-15 21:13:05 [Message] fib_1618 -> Main Room: or at least...price objectives above those levels
2008-05-15 21:13:14 [Message] TradeMark -> Main Room: That is tall order
2008-05-15 21:13:35 [Message] fib_1618 -> Main Room: says who?
2008-05-15 21:13:41 [Message] fib_1618 -> Main Room: check out the volume MCO's
2008-05-15 21:13:57 [Message] fib_1618 -> Main Room: folks...we're about to get hit with a large wave of liquidity
2008-05-15 21:14:10 [Message] fib_1618 -> Main Room: we seem to be breaking out now
2008-05-15 21:14:34 [Message] fib_1618 -> Main Room: it really is unbelievable
2008-05-15 21:14:40 [Message] dowdeva -> Main Room: Even that XLB you said looked terrible, it kept going up and up...
2008-05-15 21:14:54 [Message] fib_1618 -> Main Room: (must be time for a correction...I'm getting too excited )
2008-05-15 21:15:11 [Message] fib_1618 -> Main Room: well...the money from the January cuts is do NOW
2008-05-15 21:15:28 [Message] fib_1618 -> Main Room: this is it...and so far...things are getting stronger and stronger
2008-05-15 21:16:06 [Message] fib_1618 -> Main Room: OK...before we get too excited
2008-05-15 21:16:18 [Message] fib_1618 -> Main Room: the SPX and NDX CVI's are now climactic
2008-05-15 21:16:44 [Message] fib_1618 -> Main Room: so we should see a change in direction in the next two trading days
2008-05-15 21:17:21 [Message] dowdeva -> Main Room: Fib, can you take a look at XLE among your charts, please?
2008-05-15 21:17:40 [Message] fib_1618 -> Main Room: STVO and VTO also getting up there as well
2008-05-15 21:18:02 [Message] fib_1618 -> Main Room: so we could be seeing much of this current streaking higher based on OPEX
2008-05-15 21:18:16 [Message] fib_1618 -> Main Room: gee...how many people bought May puts I wonder?
2008-05-15 21:18:30 [Message] fib_1618 -> Main Room: "sell in May, and go away"?
2008-05-15 21:18:46 [Message] fib_1618 -> Main Room: "May to October are the worse months for stocks!"
2008-05-15 21:19:01 [Message] fib_1618 -> Main Room: "the rebound in March can't last too much longer!"
2008-05-15 21:20:02 [Message] fib_1618 -> Main Room: NYSE TRIN at .62
2008-05-15 21:20:07 [Message] fib_1618 -> Main Room: heavy buying
2008-05-15 21:20:19 [Message] fib_1618 -> Main Room: this is laughable
2008-05-15 21:20:28 [Message] fib_1618 -> Main Room: Open 10 still "oversold" at 1.00
2008-05-15 21:20:36 [Message] fib_1618 -> Main Room: don't short
2008-05-15 21:20:46 [Message] fib_1618 -> Main Room: falling knife and all that
2008-05-15 21:20:59 [Message] dowdeva -> Main Room: What would you be looking for on Open 10 to short?
2008-05-15 21:21:00 [Message] fib_1618 -> Main Room: NASDAQ TRIN at .34
2008-05-15 21:21:06 [Message] fib_1618 -> Main Room: above .80
2008-05-15 21:21:11 [Message] fib_1618 -> Main Room: or below
2008-05-15 21:21:13 [Message] fib_1618 -> Main Room: whatever
2008-05-15 21:21:21 [Message] fib_1618 -> Main Room: .80, .79, .78 etc
2008-05-15 21:21:28 [Message] dowdeva -> Main Room: OK, thanks
2008-05-15 21:21:38 [Message] fib_1618 -> Main Room: Open 10 at .83
2008-05-15 21:21:47 [Message] fib_1618 -> Main Room: still not "overbought" yet
2008-05-15 21:22:05 [Message] fib_1618 -> Main Room: I'm getting the feeling that the NASDAQ gaps of January are going to be closed real soon
2008-05-15 21:22:18 [Message] fib_1618 -> Main Room: TM TRIN at .46
2008-05-15 21:22:27 [Message] fib_1618 -> Main Room: Open 10 at .92
2008-05-15 21:22:33 [Message] fib_1618 -> Main Room: bullish side of neutral
2008-05-15 21:22:45 [Message] fib_1618 -> Main Room: so...the bulls remain in control, and are getting more and more bold
2008-05-15 21:23:25 [Message] fib_1618 -> Main Room: be careful...we might get a "cover with both hands" kind of day here very soon
2008-05-15 21:23:40 [Message] fib_1618 -> Main Room: what will be interesting to watch will be
2008-05-15 21:24:09 [Message] fib_1618 -> Main Room: which people who decided to scream bear in the last several months change their minds first
2008-05-15 21:24:50 [Message] fib_1618 -> Main Room: it's allowed, of course, but at the same time, too many going back at one time could be a sign of a pause in the current advancing price structure
2008-05-15 21:25:10 [Message] fib_1618 -> Main Room: anything else?
2008-05-15 21:25:35 [Message] TradeMark -> Main Room: Don't you just love it when a good plan comes together?
2008-05-15 21:26:06 [Message] fib_1618 -> Main Room: it's actually been a great technical challenge
2008-05-15 21:26:19 [Message] fib_1618 -> Main Room: something in which we haven't had in a very long time
2008-05-15 21:26:35 [Message] fib_1618 -> Main Room: the last 9 months really did test the fortitude of many
2008-05-15 21:26:55 [Message] fib_1618 -> Main Room: and now...we wait and see
2008-05-15 21:27:05 [Message] fib_1618 -> Main Room: OK...if there's nothing else, I'm going to take my leave
2008-05-15 21:27:17 [Message] fib_1618 -> Main Room: everyone have a great weekend
2008-05-15 21:27:24 [Message] fib_1618 -> Main Room: and we'll hook up again next Tuesday
2008-05-15 21:27:26 [Message] fib_1618 -> Main Room: good night
2008-05-15 21:27:32 [Message] swingtrader -> Main Room: Thanks fib. You have a good weekend too.



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