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fib_1618

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Reply with quote  #1 
2014-05-22 16:00:04 [Message] fib_1618 -> Chat: good day
2014-05-22 16:00:10 [Message] fib_1618 -> Chat: how is everyone?
2014-05-22 16:01:58 [Message] thespookyone -> Chat: Great, and you?
2014-05-22 16:02:17 [Message] fib_1618 -> Chat: doing fine...ready for the weekend!
2014-05-22 16:02:32 [Message] thespookyone -> Chat: I hear that :)
2014-05-22 16:02:34 [Message] fib_1618 -> Chat: don't know if the weekend is ready for me though... :)
2014-05-22 16:03:04 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2014-05-22 16:03:26 [Message] thespookyone -> Chat: Bears still top picking here...
2014-05-22 16:04:17 [Message] fib_1618 -> Chat: they will...all the way up
2014-05-22 16:04:54 [Message] fib_1618 -> Chat: have you noticed lately how technical analysis is no longer a viable method to ascertain stock market direction?
2014-05-22 16:05:06 [Message] thespookyone -> Chat: yes, LOL
2014-05-22 16:05:24 [Message] fib_1618 -> Chat: that's phase one as we move parabolic
2014-05-22 16:05:56 [Message] fib_1618 -> Chat: phase two is when they start picking bottoms
2014-05-22 16:06:29 [Message] fib_1618 -> Chat: phase three is when they realize the fundamentals are now supporting prices
2014-05-22 16:07:05 [Message] fib_1618 -> Chat: phase four is when each pause is a buying opportunity...no longer a bear to be seen
2014-05-22 16:07:26 [Message] fib_1618 -> Chat: that should happen around Dow 40,000 lol
2014-05-22 16:07:34 [Message] thespookyone -> Chat: Bet
2014-05-22 16:07:48 [Message] fib_1618 -> Chat: in all seriousness
2014-05-22 16:08:05 [Message] fib_1618 -> Chat: it's been quite interesting to watch and read the changes of opinion in the last week
2014-05-22 16:08:21 [Message] fib_1618 -> Chat: makes me want to short ;)
2014-05-22 16:08:28 [Message] thespookyone -> Chat: The NFLX shorter flipped... :)
2014-05-22 16:08:38 [Message] fib_1618 -> Chat: it's still rising?
2014-05-22 16:08:53 [Message] fib_1618 -> Chat: lol
2014-05-22 16:08:54 [Message] thespookyone -> Chat: a bit more upside for today
2014-05-22 16:08:55 [Message] fib_1618 -> Chat: never mind
2014-05-22 16:09:04 [Message] fib_1618 -> Chat: I looked at the chart when the post was made
2014-05-22 16:09:07 [Message] fib_1618 -> Chat: and thought to myself
2014-05-22 16:09:17 [Message] fib_1618 -> Chat: well...I really can't share what I really thought
2014-05-22 16:09:30 [Message] thespookyone -> Chat: I had put mom in then, says it all
2014-05-22 16:10:27 [Message] fib_1618 -> Chat: but I tried to gently suggest that the timing was wrong with the guillotine emoticon :)
2014-05-22 16:10:37 [Message] thespookyone -> Chat: saw that
2014-05-22 16:10:55 [Message] thespookyone -> Chat: I tried to ID the positive divergence
2014-05-22 16:11:01 [Message] fib_1618 -> Chat: you know...
2014-05-22 16:11:13 [Message] fib_1618 -> Chat: even when I say nothing...I'm actually saying something
2014-05-22 16:11:19 [Message] fib_1618 -> Chat: and STILL no one listens
2014-05-22 16:11:25 [Message] thespookyone -> Chat: nope
2014-05-22 16:11:35 [Message] fib_1618 -> Chat: it's too funny
2014-05-22 16:11:36 [Message] fib_1618 -> Chat: anyway
2014-05-22 16:11:41 [Message] fib_1618 -> Chat: let's get DP up and get started
2014-05-22 16:12:19 [Message] fib_1618 -> Chat: after finding divergent support on Wednesday
2014-05-22 16:12:27 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO moved to a higher high today
2014-05-22 16:12:41 [Message] fib_1618 -> Chat: and has now completed it's obligation of a snapback to its zero line
2014-05-22 16:13:09 [Message] fib_1618 -> Chat: taking ruler to monitor
2014-05-22 16:13:33 [Message] fib_1618 -> Chat: and we see that we are still a bit below the declining tops line on the MCO connecting the May tops
2014-05-22 16:13:42 [Message] fib_1618 -> Chat: and until we move above this level
2014-05-22 16:13:57 [Message] fib_1618 -> Chat: the market is still vulnerable to a one or two day ambush
2014-05-22 16:14:15 [Message] fib_1618 -> Chat: but it would appear that we starting to get better footing now for a likely bottom
2014-05-22 16:14:21 [Message] fib_1618 -> Chat: as we discussed last week
2014-05-22 16:14:41 [Message] fib_1618 -> Chat: we might be in the process of seeing a 20 week Hurst cycle low next week
2014-05-22 16:14:46 [Message] fib_1618 -> Chat: and with the this timed cycle
2014-05-22 16:14:57 [Message] fib_1618 -> Chat: I always allow a window of + or - 1 week
2014-05-22 16:15:21 [Message] fib_1618 -> Chat: so we'll see how the other indices are doing before we make any claims
2014-05-22 16:15:41 [Message] fib_1618 -> Chat: snapback to the NYSE breadth Composite zero line as well
2014-05-22 16:16:01 [Message] fib_1618 -> Chat: with a crossover buy signal again with the components
2014-05-22 16:16:32 [Message] fib_1618 -> Chat: and looking at the CO MCO components..we generated a crossover buy signal today as well
2014-05-22 16:17:15 [Message] fib_1618 -> Chat: the NYSE Composite breadth MCSUM is also within range of the +750 level where some sort of natural support should be seen
2014-05-22 16:17:51 [Message] fib_1618 -> Chat: so we'll have to wait and see if there's any upside follow through on Friday/Tuesday to help make the better bullish case of last Tuesday's divergence
2014-05-22 16:18:07 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO
2014-05-22 16:18:14 [Message] fib_1618 -> Chat: and we do have an upside breakout now
2014-05-22 16:18:30 [Message] fib_1618 -> Chat: and it would appear that with the series of accelerated bottoms in the MCO
2014-05-22 16:18:50 [Message] fib_1618 -> Chat: and that the NASDAQ breadth MCSUM is technically "oversold"
2014-05-22 16:19:26 [Message] fib_1618 -> Chat: today's upside break might be part of a initiation thrust to the upside
2014-05-22 16:19:32 [Message] fib_1618 -> Chat: looking at the price pattern
2014-05-22 16:19:40 [Message] fib_1618 -> Chat: and you can also see the upside curve in the pattern
2014-05-22 16:20:03 [Message] fib_1618 -> Chat: and closing today at its highest level since April
2014-05-22 16:20:20 [Message] fib_1618 -> Chat: and if we put ruler to monitor
2014-05-22 16:20:52 [Message] fib_1618 -> Chat: the top side of the triangle configuration that we talked about earlier was also broken to the upside today
2014-05-22 16:20:58 [Message] fib_1618 -> Chat: so that's good news for the buyers
2014-05-22 16:21:13 [Message] fib_1618 -> Chat: with any follow through confirming a short term price bottom
2014-05-22 16:21:34 [Message] fib_1618 -> Chat: the objective now for the bulls is to take out the mid April MCO highs
2014-05-22 16:21:39 [Message] fib_1618 -> Chat: and if that's accomplished
2014-05-22 16:21:50 [Message] fib_1618 -> Chat: then that would clear the way for new recovery price highs in the index
2014-05-22 16:22:10 [Message] fib_1618 -> Chat: as this would confirm that the correctional process would then be complete
2014-05-22 16:22:44 [Message] fib_1618 -> Chat: it's also nice to see the follow through after our noting that the secondaries refused to move to lower lows with the last sell off
2014-05-22 16:22:52 [Message] fib_1618 -> Chat: it's always a case of "whispers"
2014-05-22 16:23:35 [Message] fib_1618 -> Chat: our job is to simply listen to these same whispers and continue to look for confirmations
2014-05-22 16:23:44 [Message] fib_1618 -> Chat: and we got some of that today
2014-05-22 16:23:56 [Message] fib_1618 -> Chat: now...in order to call the correction fully complete
2014-05-22 16:24:06 [Message] fib_1618 -> Chat: we just need to move above the April highs in the MCO
2014-05-22 16:24:40 [Message] fib_1618 -> Chat: thanks also goes to the NDX internals in keeping us focused...so let's see how they did today
2014-05-22 16:25:06 [Message] fib_1618 -> Chat: well...we didn't quite take out last weeks high point in the NDX breadth MCO
2014-05-22 16:25:31 [Message] fib_1618 -> Chat: but we also know that the broader index of NASDAQ stocks are more undervalued than the top 100 according to the position of the MCSUM's
2014-05-22 16:25:59 [Message] fib_1618 -> Chat: so it's good to see money returning on a more broadly based basis
2014-05-22 16:26:14 [Message] fib_1618 -> Chat: where the cream stocks of the NASDAQ can play catch up
2014-05-22 16:26:37 [Message] fib_1618 -> Chat: note also the turn higher now in the NDX breadth MCSUM
2014-05-22 16:26:43 [Message] fib_1618 -> Chat: where any higher high there
2014-05-22 16:27:03 [Message] fib_1618 -> Chat: would had found double bottom support at around the +250 level
2014-05-22 16:27:13 [Message] fib_1618 -> Chat: and that will act as important support later on
2014-05-22 16:27:34 [Message] fib_1618 -> Chat: still...
2014-05-22 16:27:56 [Message] fib_1618 -> Chat: the NDX breadth MCSUM has a lot of work to do as yet before we can send up a flare
2014-05-22 16:28:16 [Message] fib_1618 -> Chat: both the early April ledge will have to be taken out
2014-05-22 16:28:18 [Message] fib_1618 -> Chat: as well as
2014-05-22 16:28:44 [Message] fib_1618 -> Chat: the large MCSUM gap resistance area that we see at the end of March
2014-05-22 16:28:54 [Message] fib_1618 -> Chat: in and around the +500 level
2014-05-22 16:29:15 [Message] fib_1618 -> Chat: so things continue to look promising there
2014-05-22 16:29:57 [Message] fib_1618 -> Chat: snapback now complete to the zero line of the SPX breadth MCO
2014-05-22 16:30:17 [Message] fib_1618 -> Chat: and just by looking at the SPX breadth MCSUM of the last couple of weeks
2014-05-22 16:30:35 [Message] fib_1618 -> Chat: and you can see the lack of follow through by the sellers has seemed to be drying up
2014-05-22 16:30:48 [Message] fib_1618 -> Chat: the MCSUM pattern is very much like starting a Model T
2014-05-22 16:30:53 [Message] fib_1618 -> Chat: the bears turn the crank
2014-05-22 16:31:00 [Message] fib_1618 -> Chat: and the engine spurts and coughs
2014-05-22 16:31:13 [Message] fib_1618 -> Chat: gets you excited the engine is about to turn over
2014-05-22 16:31:15 [Message] fib_1618 -> Chat: and then it dies
2014-05-22 16:31:19 [Message] fib_1618 -> Chat: you try again
2014-05-22 16:31:33 [Message] fib_1618 -> Chat: it coughs and burps and spits
2014-05-22 16:31:37 [Message] fib_1618 -> Chat: and once again...it dies
2014-05-22 16:31:49 [Message] fib_1618 -> Chat: with this kind of sputtering
2014-05-22 16:32:01 [Message] fib_1618 -> Chat: it's no wonder that prices can't get a break
2014-05-22 16:32:09 [Message] fib_1618 -> Chat: or in the case of the bears
2014-05-22 16:32:12 [Message] fib_1618 -> Chat: a break down
2014-05-22 16:32:43 [Message] fib_1618 -> Chat: blaming some "entity" of why the engine isn't turning over
2014-05-22 16:32:49 [Message] fib_1618 -> Chat: like they put sugar in the gas tank
2014-05-22 16:32:58 [Message] fib_1618 -> Chat: (shrug)
2014-05-22 16:33:19 [Message] fib_1618 -> Chat: the OEX is also back to just above its MCO zero line
2014-05-22 16:33:32 [Message] fib_1618 -> Chat: but remains under the influence of its short term declining tops line
2014-05-22 16:33:46 [Message] fib_1618 -> Chat: as with the SPX MCO components
2014-05-22 16:34:49 [Message] fib_1618 -> Chat: we have a crossover buy here again
2014-05-22 16:35:10 [Message] fib_1618 -> Chat: so any kind of follow through by Tuesday should be enough to break the chains of this consolidation
2014-05-22 16:35:46 [Message] fib_1618 -> Chat: looks like we continue to have very little interest in the Dow stocks as the Dow breadth MCO barely budged higher today
2014-05-22 16:35:54 [Message] fib_1618 -> Chat: and remains below its zero line
2014-05-22 16:36:14 [Message] fib_1618 -> Chat: not worried there as it would be advantageous to see the troops leading the generals
2014-05-22 16:36:36 [Message] fib_1618 -> Chat: same kind of story with the MID breadth MCO
2014-05-22 16:36:41 [Message] fib_1618 -> Chat: as it also moved to a higher high
2014-05-22 16:36:44 [Message] fib_1618 -> Chat: and back above its zero line
2014-05-22 16:36:53 [Message] fib_1618 -> Chat: but it remains below its short term declining tops line
2014-05-22 16:37:11 [Message] fib_1618 -> Chat: we also have a crossover buy here on the components
2014-05-22 16:37:35 [Message] fib_1618 -> Chat: and look at the way the MID breadth MCSUM is attempting to hold and turn direction at the +250 level
2014-05-22 16:37:50 [Message] fib_1618 -> Chat: well...just below it
2014-05-22 16:38:06 [Message] fib_1618 -> Chat: but on the yearly chart its within the window of such support
2014-05-22 16:38:38 [Message] fib_1618 -> Chat: the SML breadth MCO also moved above its recent highs today
2014-05-22 16:38:55 [Message] fib_1618 -> Chat: and it's now at its declining tops line that's been controlling the short term pattern
2014-05-22 16:39:12 [Message] fib_1618 -> Chat: the components though continue to lag in performance at this point
2014-05-22 16:40:04 [Message] fib_1618 -> Chat: which means that the downside direction of the SML AD line has now slowed enough to where the faster EMA, the 10% Trend, can stall and hopefully turn higher for the buyers
2014-05-22 16:40:48 [Message] fib_1618 -> Chat: so we'll need to see if the money that came back into the NASDAQ Composite today starts to expand to the small caps in general
2014-05-22 16:41:23 [Message] fib_1618 -> Chat: and set the foundation of a price low being behind us
2014-05-22 16:41:31 [Message] fib_1618 -> Chat: or as our analogy suggests
2014-05-22 16:41:51 [Message] fib_1618 -> Chat: that both feet of the ladder are now securely planted on solid ground now
2014-05-22 16:42:28 [Message] fib_1618 -> Chat: and a higher high in the TM breadth MCO
2014-05-22 16:42:38 [Message] fib_1618 -> Chat: and looking at the price pattern on the 1 year chart
2014-05-22 16:43:06 [Message] fib_1618 -> Chat: it sure looks like a complex inverted head and shoulders configuration, doesn't it?
2014-05-22 16:43:10 [Message] fib_1618 -> Chat: let me look at the volume
2014-05-22 16:43:11 [Message] fib_1618 -> Chat: one sec
2014-05-22 16:43:51 [Message] fib_1618 -> Chat: wow...could be
2014-05-22 16:44:35 [Message] fib_1618 -> Chat: it's kind of border line just like our discussion of the head and shoulders top formation in the NASDAQ that we discussed on Tuesday
2014-05-22 16:44:55 [Message] fib_1618 -> Chat: but the volume sequence is pretty close
2014-05-22 16:45:26 [Message] fib_1618 -> Chat: let's call the neckline at 20,150 on the Wilshire 5000
2014-05-22 16:45:59 [Message] fib_1618 -> Chat: so any large move above that level that's accompanied by above average volume would confirm that
2014-05-22 16:46:22 [Message] fib_1618 -> Chat: and it would be good for another 850 points
2014-05-22 16:46:48 [Message] fib_1618 -> Chat: so...to around 21,000
2014-05-22 16:46:55 [Message] fib_1618 -> Chat: anyway
2014-05-22 16:47:02 [Message] fib_1618 -> Chat: a nice couple of days by the buyers
2014-05-22 16:47:21 [Message] fib_1618 -> Chat: as they seemed to have stepped in again just as they needed to on Tuesday
2014-05-22 16:47:42 [Message] fib_1618 -> Chat: any good follow through by next Tuesday would likely be that of an initiation move in prices
2014-05-22 16:47:51 [Message] fib_1618 -> Chat: and should be bought
2014-05-22 16:48:18 [Message] fib_1618 -> Chat: so a little bit of homework this weekend would be something to squeeze in before Tuesday's open
2014-05-22 16:48:34 [Message] fib_1618 -> Chat: let's go to the sectors
2014-05-22 16:49:07 [Message] fib_1618 -> Chat: bottom above a bottom and a higher high in the XLY breadth MCO
2014-05-22 16:49:51 [Message] fib_1618 -> Chat: and a new high above the late April/early May highs would be enough to break prices to the upside
2014-05-22 16:50:20 [Message] fib_1618 -> Chat: as well as the horizontal resistance we see in the XLY breadth MCSUM
2014-05-22 16:50:52 [Message] fib_1618 -> Chat: nice crossover buy in the components is helping to support the buyers here
2014-05-22 16:51:21 [Message] fib_1618 -> Chat: so definitely something to watch as a trigger over the next couple of trading days
2014-05-22 16:51:44 [Message] fib_1618 -> Chat: moving to the XLP breadth MCO
2014-05-22 16:52:12 [Message] fib_1618 -> Chat: and we see that it continues to show a complex bearish pattern below its zero line
2014-05-22 16:52:34 [Message] fib_1618 -> Chat: and this is pushing the XLP breadth MCSUM to the downside
2014-05-22 16:52:46 [Message] fib_1618 -> Chat: and showing how money is now leaving this defensive sector
2014-05-22 16:52:52 [Message] fib_1618 -> Chat: and maybe moving into the XLY(?)
2014-05-22 16:53:16 [Message] fib_1618 -> Chat: looking at the components
2014-05-22 16:53:22 [Message] fib_1618 -> Chat: and they remain above their zero line
2014-05-22 16:53:32 [Message] fib_1618 -> Chat: so with the MCO below its zero line
2014-05-22 16:53:38 [Message] fib_1618 -> Chat: and the MCSUM still well above its zero line
2014-05-22 16:53:45 [Message] fib_1618 -> Chat: the only thing that prices can do is.....
2014-05-22 16:53:52 [Message] fib_1618 -> Chat: anyone?
2014-05-22 16:54:04 [Message] fib_1618 -> Chat: yes...move sideways
2014-05-22 16:54:08 [Message] fib_1618 -> Chat: and that's what we have
2014-05-22 16:54:24 [Message] fib_1618 -> Chat: so we'll rate this sector as a hold for now
2014-05-22 16:54:43 [Message] fib_1618 -> Chat: small point change on the XLE breadth MCO
2014-05-22 16:54:54 [Message] fib_1618 -> Chat: and, once again, with the MCO below its zero line
2014-05-22 16:54:59 [Message] fib_1618 -> Chat: and the MCSUM above its zero line
2014-05-22 16:55:04 [Message] fib_1618 -> Chat: prices can only....
2014-05-22 16:55:09 [Message] fib_1618 -> Chat: move sideways
2014-05-22 16:55:14 [Message] fib_1618 -> Chat: and that's what we got here as well
2014-05-22 16:55:44 [Message] fib_1618 -> Chat: and with the XLE breadth MCSUM just now meeting the +1000 level
2014-05-22 16:56:07 [Message] fib_1618 -> Chat: we might see the bulls step in here to help in supporting the pattern
2014-05-22 16:56:13 [Message] fib_1618 -> Chat: and even if they fail to do so
2014-05-22 16:56:53 [Message] fib_1618 -> Chat: it's still not likely to see too much in the way of price decay...so the downside risk is minimal for now
2014-05-22 16:56:59 [Message] fib_1618 -> Chat: we'll call this one a hold as well
2014-05-22 16:57:44 [Message] fib_1618 -> Chat: lots of cross currents as well in the XLF data
2014-05-22 16:57:58 [Message] fib_1618 -> Chat: with the XLF breadth MCO below its zero line
2014-05-22 16:58:04 [Message] fib_1618 -> Chat: the components above theirs
2014-05-22 16:58:25 [Message] fib_1618 -> Chat: and the XLF breadth MCSUM, though moving lower, remains well above its zero line
2014-05-22 16:58:41 [Message] fib_1618 -> Chat: so we'll call a consolidation here as well
2014-05-22 16:59:25 [Message] fib_1618 -> Chat: the XLV continues to gain strength from last weeks noted firmness in the pattern
2014-05-22 16:59:44 [Message] fib_1618 -> Chat: and with the XLV breadth MCSUM now moving above the +500 level today
2014-05-22 17:00:16 [Message] fib_1618 -> Chat: we see that prices were sharply higher as we reached "escape velocity"
2014-05-22 17:00:49 [Message] fib_1618 -> Chat: and our closing the MCSUM gap resistance area as well
2014-05-22 17:00:58 [Message] fib_1618 -> Chat: so let's look for new all time price highs there soon
2014-05-22 17:01:02 [Message] fib_1618 -> Chat: and rate this one a buy
2014-05-22 17:01:30 [Message] fib_1618 -> Chat: the XLI breadth MCO also snapped back up to its zero line today
2014-05-22 17:01:43 [Message] fib_1618 -> Chat: but it remains under a strong series of tops beneath tops
2014-05-22 17:02:13 [Message] fib_1618 -> Chat: and as we know the close relationship there is between the XLI and the Dow Industrials and Transports
2014-05-22 17:02:27 [Message] fib_1618 -> Chat: until this line of negative influence in the MCO is broken
2014-05-22 17:02:36 [Message] fib_1618 -> Chat: the Dow is going to have its issues
2014-05-22 17:02:46 [Message] fib_1618 -> Chat: let me check to see how the Transports are doing
2014-05-22 17:03:05 [Message] fib_1618 -> Chat: they closed at new all time highs today!
2014-05-22 17:03:26 [Message] fib_1618 -> Chat: so it's a pretty good bet now that the XLI is moving into position to break out here
2014-05-22 17:03:59 [Message] fib_1618 -> Chat: especially when the XLI breadth MCSUM is now finding support at the +500 level
2014-05-22 17:04:49 [Message] fib_1618 -> Chat: and though there are two areas of MCSUM gap resistance in play there
2014-05-22 17:05:06 [Message] fib_1618 -> Chat: any price move above $52.50 would be worth a probe in this index
2014-05-22 17:05:47 [Message] fib_1618 -> Chat: the XLB breadth MCO continues to move within a very congested zone
2014-05-22 17:06:00 [Message] fib_1618 -> Chat: being just below its zero line
2014-05-22 17:06:22 [Message] fib_1618 -> Chat: while the XLB components remain congested at just above its zero lines
2014-05-22 17:06:34 [Message] fib_1618 -> Chat: and with that
2014-05-22 17:06:42 [Message] fib_1618 -> Chat: we know that prices are liable to move sideways
2014-05-22 17:07:07 [Message] fib_1618 -> Chat: but with the XLB breadth MCSUM still above its zero line
2014-05-22 17:07:22 [Message] fib_1618 -> Chat: we're likely get an upward bias in the consolidation
2014-05-22 17:07:34 [Message] fib_1618 -> Chat: and, once again...that's exactly what's going on here
2014-05-22 17:07:38 [Message] fib_1618 -> Chat: and this also shows
2014-05-22 17:07:44 [Message] fib_1618 -> Chat: another great example
2014-05-22 17:07:49 [Message] fib_1618 -> Chat: that even if the MCSUM is declining
2014-05-22 17:07:59 [Message] fib_1618 -> Chat: it doesn't mean that prices are going to follow
2014-05-22 17:08:04 [Message] fib_1618 -> Chat: and in many cases
2014-05-22 17:08:10 [Message] fib_1618 -> Chat: will actually move higher
2014-05-22 17:08:31 [Message] fib_1618 -> Chat: so anytime you hear or read someone who gets excited about a declining MCSUM
2014-05-22 17:09:00 [Message] fib_1618 -> Chat: you pretty well know that their analysis is more cursory than it would be substantive
2014-05-22 17:09:38 [Message] fib_1618 -> Chat: snapback complete to the zero line of the XLK breadth MCO
2014-05-22 17:09:43 [Message] fib_1618 -> Chat: and in the meantime
2014-05-22 17:09:58 [Message] fib_1618 -> Chat: the XLK continues to fight the flow of money by closing at new all time highs today
2014-05-22 17:10:01 [Message] fib_1618 -> Chat: no less
2014-05-22 17:10:22 [Message] fib_1618 -> Chat: we now have a nice looking price pattern structure that seems to be stretching out to the upside
2014-05-22 17:10:53 [Message] fib_1618 -> Chat: overall..the MCO, components, and MCSUM configurations are the same as the XLB
2014-05-22 17:11:00 [Message] fib_1618 -> Chat: with the same results...higher price highs
2014-05-22 17:11:18 [Message] fib_1618 -> Chat: which, in this particular case, is that of the all time variety
2014-05-22 17:11:49 [Message] fib_1618 -> Chat: and the XLU breadth MCO moved sharply higher today
2014-05-22 17:11:56 [Message] fib_1618 -> Chat: leaving behind a bullish divergent structure
2014-05-22 17:12:13 [Message] fib_1618 -> Chat: the expectation here is for a full snapback to the MCO zero line now
2014-05-22 17:12:44 [Message] fib_1618 -> Chat: where it will need to move above the small double top like structure we see at just below this same zero line
2014-05-22 17:13:00 [Message] fib_1618 -> Chat: before we can say that the pullback in prices is now complete
2014-05-22 17:13:17 [Message] fib_1618 -> Chat: and new price highs in the index is then likely to be seen
2014-05-22 17:13:33 [Message] fib_1618 -> Chat: so...
2014-05-22 17:13:53 [Message] fib_1618 -> Chat: we're now seeing better character structures in many of the sector breadth McClellan's
2014-05-22 17:14:21 [Message] fib_1618 -> Chat: and if we do see any follow through by Tuesday of next week in the broader indices
2014-05-22 17:14:58 [Message] fib_1618 -> Chat: then we should have enough sectors to support an attempt for many of the broader measures to move to new all time highs
2014-05-22 17:15:12 [Message] fib_1618 -> Chat: for the SPX
2014-05-22 17:15:22 [Message] fib_1618 -> Chat: I believe the upside short term target is 1920
2014-05-22 17:15:33 [Message] fib_1618 -> Chat: with the longer term target still at 2250
2014-05-22 17:15:57 [Message] fib_1618 -> Chat: OK...now let's see if the volume data is going to put a damper on this or not
2014-05-22 17:16:01 [Message] fib_1618 -> Chat: oh...also remember
2014-05-22 17:16:15 [Message] fib_1618 -> Chat: we had a NYSE TRIN buy signal on Tuesday
2014-05-22 17:16:23 [Message] fib_1618 -> Chat: when it moved above 2.00
2014-05-22 17:16:32 [Message] fib_1618 -> Chat: again...we need follow through
2014-05-22 17:16:54 [Message] fib_1618 -> Chat: only a snapback toward the zero line in the NYSE CO volume MCO
2014-05-22 17:17:14 [Message] fib_1618 -> Chat: while the components, though both positive, remain on a crossover sell
2014-05-22 17:17:41 [Message] fib_1618 -> Chat: same situation with the NYSE Composite volume data
2014-05-22 17:17:52 [Message] fib_1618 -> Chat: still in need of some conviction
2014-05-22 17:18:22 [Message] fib_1618 -> Chat: and that's not likely to come on Friday as many traders have probably called this a week and are on holiday now
2014-05-22 17:18:31 [Message] fib_1618 -> Chat: ah ha!
2014-05-22 17:18:50 [Message] fib_1618 -> Chat: but the NASDAQ volume MCO is confirming what the breadth side was indicating today
2014-05-22 17:18:55 [Message] fib_1618 -> Chat: so we have a bottom now in the NASDAQ
2014-05-22 17:19:16 [Message] fib_1618 -> Chat: with today's break out only needing follow through for confirmation
2014-05-22 17:19:29 [Message] fib_1618 -> Chat: but 4000 is now solid support
2014-05-22 17:19:59 [Message] fib_1618 -> Chat: and we have enough energy behind us now to challenge the early April highs
2014-05-22 17:20:11 [Message] fib_1618 -> Chat: in and around the 4275 level
2014-05-22 17:20:32 [Message] fib_1618 -> Chat: let's call it the 4250/4275 area
2014-05-22 17:20:47 [Message] fib_1618 -> Chat: so another 100 upside points there
2014-05-22 17:21:08 [Message] fib_1618 -> Chat: the NDX volume MCO though is borderline here
2014-05-22 17:21:25 [Message] fib_1618 -> Chat: enough upside today to gain our attention
2014-05-22 17:21:34 [Message] fib_1618 -> Chat: but not enough to "make things go"
2014-05-22 17:21:59 [Message] fib_1618 -> Chat: note though how the price pattern is now reaching higher now
2014-05-22 17:22:05 [Message] fib_1618 -> Chat: wonder how Apple did today?
2014-05-22 17:22:40 [Message] fib_1618 -> Chat: at it's highest level since...
2014-05-22 17:23:03 [Message] fib_1618 -> Chat: ha!
2014-05-22 17:23:10 [Message] fib_1618 -> Chat: since November of 2012
2014-05-22 17:23:23 [Message] fib_1618 -> Chat: which is where this latest accelerated price trend got its start
2014-05-22 17:23:24 [Message] fib_1618 -> Chat: see...
2014-05-22 17:23:30 [Message] fib_1618 -> Chat: the market always plays with you
2014-05-22 17:23:51 [Message] fib_1618 -> Chat: we had discussions on how stock leaders like Apple were going to lag during the next phase higher
2014-05-22 17:24:00 [Message] fib_1618 -> Chat: to keep the majority from participating
2014-05-22 17:24:07 [Message] fib_1618 -> Chat: and we saw it happen
2014-05-22 17:24:22 [Message] fib_1618 -> Chat: now with Apple leading here
2014-05-22 17:24:40 [Message] fib_1618 -> Chat: those who got conditioned to look for Apple to lag the market
2014-05-22 17:24:46 [Message] fib_1618 -> Chat: won't believe it to be a leader now
2014-05-22 17:24:55 [Message] fib_1618 -> Chat: and will keep trying to pick a top
2014-05-22 17:24:59 [Message] thespookyone -> Chat: When it gets in the DOW it's going to drive it North hard, I bet...
2014-05-22 17:25:02 [Message] fib_1618 -> Chat: which...will keep it from moving lower
2014-05-22 17:25:09 [Message] fib_1618 -> Chat: could be
2014-05-22 17:25:22 [Message] fib_1618 -> Chat: many said that about MSFT and INTC too
2014-05-22 17:25:36 [Message] fib_1618 -> Chat: when a growth company gets that much saturation
2014-05-22 17:25:56 [Message] fib_1618 -> Chat: it will usually need to correct for a while and digest its product line
2014-05-22 17:25:59 [Message] fib_1618 -> Chat: but with Apple
2014-05-22 17:26:03 [Message] fib_1618 -> Chat: we see something different
2014-05-22 17:26:23 [Message] fib_1618 -> Chat: as no one can really duplicate what they do with their OS
2014-05-22 17:26:38 [Message] fib_1618 -> Chat: and they have taken a market lead on "innovation"
2014-05-22 17:26:45 [Message] fib_1618 -> Chat: will this continue?
2014-05-22 17:26:58 [Message] fib_1618 -> Chat: don't know what will happen after this transition
2014-05-22 17:27:09 [Message] fib_1618 -> Chat: a transition that included both product and leader
2014-05-22 17:27:23 [Message] fib_1618 -> Chat: but money is betting that something is coming soon that will warrant higher earnings
2014-05-22 17:27:46 [Message] fib_1618 -> Chat: that's the only reason why the stock would continue to keep moving higher
2014-05-22 17:28:23 [Message] fib_1618 -> Chat: with AT&T buying Direct
2014-05-22 17:28:28 [Message] fib_1618 -> Chat: would Apple buy Dish?
2014-05-22 17:28:43 [Message] fib_1618 -> Chat: and make Apple TV it's own little world?
2014-05-22 17:28:56 [Message] fib_1618 -> Chat: that would extend to the iWatch?
2014-05-22 17:29:01 [Message] fib_1618 -> Chat: iPhone?
2014-05-22 17:29:08 [Message] fib_1618 -> Chat: iPad?
2014-05-22 17:29:23 [Message] fib_1618 -> Chat: who really knows
2014-05-22 17:29:31 [Message] fib_1618 -> Chat: and that's the beauty of being a technician though
2014-05-22 17:29:39 [Message] fib_1618 -> Chat: you don't have to know what the future holds for a company
2014-05-22 17:30:02 [Message] fib_1618 -> Chat: only that you follow larger sums of money as money knows what money likes and money likes to make more money
2014-05-22 17:30:30 [Message] fib_1618 -> Chat: so...in the fall...look for Apple to come out with something "big"
2014-05-22 17:31:34 [Message] fib_1618 -> Chat: snapback to the zero line also complete in the SPX and OEX volume MCO's
2014-05-22 17:31:45 [Message] fib_1618 -> Chat: the Dow volume MCSUM is now at the +250 level
2014-05-22 17:32:08 [Message] fib_1618 -> Chat: so the buyers might be coming in here to support prices in the next two trading days
2014-05-22 17:32:44 [Message] fib_1618 -> Chat: the MID volume MCO is in sync with its breadth cousin to the upside
2014-05-22 17:32:54 [Message] fib_1618 -> Chat: the SML volume MCO moved to a higher high today
2014-05-22 17:33:02 [Message] fib_1618 -> Chat: so it's leading breadth to the upside
2014-05-22 17:33:16 [Message] fib_1618 -> Chat: and that suggests that money is starting to move back into the small caps
2014-05-22 17:33:43 [Message] fib_1618 -> Chat: might see an upside breakout there, both internally and externally, in the next couple of days
2014-05-22 17:34:03 [Message] fib_1618 -> Chat: and surprise, surprise
2014-05-22 17:34:12 [Message] fib_1618 -> Chat: the TM volume MCO did indeed move to higher highs today
2014-05-22 17:34:33 [Message] fib_1618 -> Chat: so total up volume is now trending positive on a short term basis
2014-05-22 17:34:37 [Message] fib_1618 -> Chat: so...
2014-05-22 17:34:49 [Message] fib_1618 -> Chat: up until we got to the total market data
2014-05-22 17:35:04 [Message] fib_1618 -> Chat: only the NASDAQ marketplace was showing bottoming action
2014-05-22 17:35:14 [Message] fib_1618 -> Chat: but if this a precursor for the rest of the market
2014-05-22 17:35:26 [Message] fib_1618 -> Chat: we should see more of the indices following through to the upside near term
2014-05-22 17:35:48 [Message] fib_1618 -> Chat: and eventually take out the rally failure (false start) that we saw earlier in the week
2014-05-22 17:35:57 [Message] fib_1618 -> Chat: all for one...and one for all
2014-05-22 17:36:41 [Message] fib_1618 -> Chat: CVI's now showing better buying in the last couple of days
2014-05-22 17:36:49 [Message] fib_1618 -> Chat: STVO's are basically neutral
2014-05-22 17:36:57 [Message] fib_1618 -> Chat: and we'll call the same for the VTO's
2014-05-22 17:37:30 [Message] fib_1618 -> Chat: though the Dow VTO is closer to being "oversold" than the others
2014-05-22 17:37:43 [Message] fib_1618 -> Chat: NYSE TRIN at 1.01
2014-05-22 17:37:59 [Message] fib_1618 -> Chat: Open 10 moving deeper into "oversold" territory at 1.14
2014-05-22 17:38:09 [Message] fib_1618 -> Chat: bears seem to be in trouble now
2014-05-22 17:38:19 [Message] fib_1618 -> Chat: NASDAQ TRIN at .79
2014-05-22 17:38:27 [Message] fib_1618 -> Chat: Open 10 at .91
2014-05-22 17:38:36 [Message] fib_1618 -> Chat: neutral...and in a hurry to do so
2014-05-22 17:38:56 [Message] fib_1618 -> Chat: TM TRIN at .80
2014-05-22 17:39:11 [Message] fib_1618 -> Chat: Open 10 at .99
2014-05-22 17:39:20 [Message] fib_1618 -> Chat: so...
2014-05-22 17:39:47 [Message] fib_1618 -> Chat: we're now getting indications that the secondaries have found some sort of price bottom near term
2014-05-22 17:40:08 [Message] fib_1618 -> Chat: while the small and mid caps continue to attempt to find solid footing beneath them
2014-05-22 17:40:11 [Message] fib_1618 -> Chat: meanwhile
2014-05-22 17:40:39 [Message] fib_1618 -> Chat: the large caps continue to be "oversold" in down side volume
2014-05-22 17:40:52 [Message] fib_1618 -> Chat: and if the secondaries can continue to gain favor
2014-05-22 17:41:00 [Message] fib_1618 -> Chat: and the smalls and mids join in
2014-05-22 17:41:13 [Message] fib_1618 -> Chat: we might had indeed saw a tradable low on Tuesday
2014-05-22 17:41:49 [Message] fib_1618 -> Chat: all we need is a little more conviction and show large upside post expansion gaps in the MCSUM's
2014-05-22 17:41:54 [Message] fib_1618 -> Chat: and that will confirm the lows
2014-05-22 17:41:58 [Message] fib_1618 -> Chat: let me check the BETS number
2014-05-22 17:42:00 [Message] fib_1618 -> Chat: one sec
2014-05-22 17:43:02 [Message] fib_1618 -> Chat: the NASDAQ breadth MCSUM broke above its declining tops line today
2014-05-22 17:43:27 [Message] fib_1618 -> Chat: all my annotations on the cum charts are gone...great :(
2014-05-22 17:43:54 [Message] fib_1618 -> Chat: new all time highs in the NYAD line today
2014-05-22 17:44:18 [Message] fib_1618 -> Chat: +45
2014-05-22 17:44:35 [Message] fib_1618 -> Chat: "accumulate with a bullish bias"
2014-05-22 17:44:52 [Message] fib_1618 -> Chat: but let's wait one more day to see how it settles for the week
2014-05-22 17:44:56 [Message] fib_1618 -> Chat: anything else?
2014-05-22 17:45:48 [Message] PrincelyM -> Chat: Hey Dave
2014-05-22 17:45:51 [Message] PrincelyM -> Chat: How are you?
2014-05-22 17:45:56 [Message] fib_1618 -> Chat: good evening...fine and dandy
2014-05-22 17:46:03 [Message] fib_1618 -> Chat: did you reach Doc?
2014-05-22 17:46:11 [Message] PrincelyM -> Chat: sent him a mail
2014-05-22 17:46:18 [Message] fib_1618 -> Chat: he'll get back to you
2014-05-22 17:46:18 [Message] PrincelyM -> Chat: no response yet
2014-05-22 17:46:27 [Message] PrincelyM -> Chat: Quick ques though
2014-05-22 17:46:45 [Message] fib_1618 -> Chat: unless the e-mail is bad one...let me know if he doesn't respond and I'll double check
2014-05-22 17:46:48 [Message] fib_1618 -> Chat: go
2014-05-22 17:46:48 [Message] PrincelyM -> Chat: the spreadsheet link you sent to calculate
2014-05-22 17:46:51 [Message] fib_1618 -> Chat: yes
2014-05-22 17:47:02 [Message] PrincelyM -> Chat: it's traditional MCO values
2014-05-22 17:47:04 [Message] fib_1618 -> Chat: yes
2014-05-22 17:47:08 [Message] fib_1618 -> Chat: not RA
2014-05-22 17:47:12 [Message] PrincelyM -> Chat: is there a way to translate that to RA NYMO
2014-05-22 17:47:33 [Message] fib_1618 -> Chat: but you can use the DP chart as a guide
2014-05-22 17:47:36 [Message] PrincelyM -> Chat: not a big deal
2014-05-22 17:47:38 [Message] PrincelyM -> Chat: but
2014-05-22 17:47:42 [Message] PrincelyM -> Chat: just checking
2014-05-22 17:47:58 [Message] fib_1618 -> Chat: I had forgotten that Tom only shows the traditional data
2014-05-22 17:48:05 [Message] PrincelyM -> Chat: hmmn ok
2014-05-22 17:48:12 [Message] fib_1618 -> Chat: here's the guideline though
2014-05-22 17:48:23 [Message] fib_1618 -> Chat: the zero line in the RA is the +1000 level on the Traditional
2014-05-22 17:48:31 [Message] PrincelyM -> Chat: ok
2014-05-22 17:48:36 [Message] fib_1618 -> Chat: that should help a bit
2014-05-22 17:48:40 [Message] PrincelyM -> Chat: ok cool
2014-05-22 17:48:48 [Message] PrincelyM -> Chat: One other thing
2014-05-22 17:48:51 [Message] PrincelyM -> Chat: before you go
2014-05-22 17:48:59 [Message] fib_1618 -> Chat: sure
2014-05-22 17:49:12 [Message] fib_1618 -> Chat: I'm here until you're finished :)
2014-05-22 17:49:56 [Message] PrincelyM -> Chat: the past 2-3 months have been filled with whipsaws - i mean range bound - i suppose no way to avoid this - but is there a good way or at least a decent way to avoid get caught up in these?
2014-05-22 17:50:15 [Message] PrincelyM -> Chat: i ask because i found myself flipping back and forth several times
2014-05-22 17:50:22 [Message] PrincelyM -> Chat: with no real gain
2014-05-22 17:50:29 [Message] PrincelyM -> Chat: mostly losses due to whips
2014-05-22 17:50:32 [Message] fib_1618 -> Chat: so are you day trading here?
2014-05-22 17:50:42 [Message] PrincelyM -> Chat: i mean when it trends, it's great
2014-05-22 17:50:45 [Message] fib_1618 -> Chat: yes
2014-05-22 17:50:47 [Message] PrincelyM -> Chat: but periods like this
2014-05-22 17:50:50 [Message] fib_1618 -> Chat: but remember
2014-05-22 17:50:51 [Message] PrincelyM -> Chat: i just want to avoid
2014-05-22 17:50:53 [Message] PrincelyM -> Chat: :D
2014-05-22 17:50:59 [Message] PrincelyM -> Chat: I am sure we all want to
2014-05-22 17:51:02 [Message] fib_1618 -> Chat: the market corrects about 80% of the time
2014-05-22 17:51:07 [Message] PrincelyM -> Chat: just trying to pick your brain here
2014-05-22 17:51:08 [Message] fib_1618 -> Chat: here's what you know
2014-05-22 17:51:23 [Message] fib_1618 -> Chat: whenever we don't have confirmation between the MCO and it's components
2014-05-22 17:51:27 [Message] fib_1618 -> Chat: or the MCO and the MCSUM
2014-05-22 17:51:28 [Message] PrincelyM -> Chat: no no day trades
2014-05-22 17:51:34 [Message] PrincelyM -> Chat: but swinging
2014-05-22 17:51:35 [Message] fib_1618 -> Chat: you KNOW we're going to chop
2014-05-22 17:51:44 [Message] PrincelyM -> Chat: but even that had a lot of false starts
2014-05-22 17:51:50 [Message] fib_1618 -> Chat: because
2014-05-22 17:51:55 [Message] fib_1618 -> Chat: you have a battle going on
2014-05-22 17:52:02 [Message] fib_1618 -> Chat: between the buyers and the sellers
2014-05-22 17:52:09 [Message] fib_1618 -> Chat: the closer you are to the zero line
2014-05-22 17:52:18 [Message] fib_1618 -> Chat: the more evenly matched each side is
2014-05-22 17:52:23 [Message] fib_1618 -> Chat: so...
2014-05-22 17:52:25 [Message] fib_1618 -> Chat: knowing this
2014-05-22 17:52:32 [Message] fib_1618 -> Chat: if you were trading NASDAQ stocks
2014-05-22 17:52:49 [Message] fib_1618 -> Chat: you KNOW that you're likely to get more kick on bearish divergences in momentum
2014-05-22 17:52:53 [Message] fib_1618 -> Chat: than you would on bullish ones
2014-05-22 17:53:02 [Message] fib_1618 -> Chat: but if you were trading the NYSE stocks
2014-05-22 17:53:06 [Message] fib_1618 -> Chat: it was just the opposite
2014-05-22 17:53:12 [Message] PrincelyM -> Chat: ok
2014-05-22 17:53:22 [Message] fib_1618 -> Chat: you have to make a decision on what kind of trader you want to be
2014-05-22 17:53:23 [Message] PrincelyM -> Chat: makes sense
2014-05-22 17:53:29 [Message] fib_1618 -> Chat: if you decide to swing
2014-05-22 17:53:33 [Message] PrincelyM -> Chat: i guess i have to study this more
2014-05-22 17:53:47 [Message] fib_1618 -> Chat: then you have to use momentum oscillators to pick and chose you entries and exits
2014-05-22 17:54:03 [Message] fib_1618 -> Chat: let me ask you a straight up question
2014-05-22 17:54:20 [Message] fib_1618 -> Chat: ready?
2014-05-22 17:54:20 [Message] PrincelyM -> Chat: What momentum oscillators would you suggest/use
2014-05-22 17:54:22 [Message] PrincelyM -> Chat: shoot
2014-05-22 17:54:37 [Message] fib_1618 -> Chat: were you caught up in the emotion of a called crash posts of the last week or so?
2014-05-22 17:54:49 [Message] fib_1618 -> Chat: honest
2014-05-22 17:55:09 [Message] PrincelyM -> Chat: Not really - I got whipped and sawed 2-3 times
2014-05-22 17:55:13 [Message] fib_1618 -> Chat: OK...good
2014-05-22 17:55:18 [Message] PrincelyM -> Chat: after that it gets tough
2014-05-22 17:55:18 [Message] fib_1618 -> Chat: sometimes what happens is
2014-05-22 17:55:25 [Message] PrincelyM -> Chat: you know what i mean
2014-05-22 17:55:30 [Message] PrincelyM -> Chat: the signal
2014-05-22 17:55:34 [Message] fib_1618 -> Chat: we allow our emotions over run our analytical side of trading
2014-05-22 17:55:37 [Message] PrincelyM -> Chat: tough to take it
2014-05-22 17:55:42 [Message] fib_1618 -> Chat: then stand aside
2014-05-22 17:55:49 [Message] fib_1618 -> Chat: no one says you always have to trade
2014-05-22 17:55:51 [Message] PrincelyM -> Chat: yes
2014-05-22 17:55:58 [Message] PrincelyM -> Chat: that's where i am lacking now
2014-05-22 17:56:02 [Message] PrincelyM -> Chat: always have to trade
2014-05-22 17:56:04 [Message] PrincelyM -> Chat: :D
2014-05-22 17:56:11 [Message] fib_1618 -> Chat: the greatest problem with many is the lack of discipline and patience
2014-05-22 17:56:13 [Message] PrincelyM -> Chat: i know what you mean though
2014-05-22 17:56:33 [Message] fib_1618 -> Chat: here's what you probably also noticed over the last several weeks
2014-05-22 17:56:40 [Message] fib_1618 -> Chat: when you're in choppy patterns like this one
2014-05-22 17:56:52 [Message] fib_1618 -> Chat: the majority of they move is made prior to the open here in the states
2014-05-22 17:57:00 [Message] PrincelyM -> Chat: hmmn true
2014-05-22 17:57:05 [Message] fib_1618 -> Chat: which gives no advantage at all
2014-05-22 17:57:12 [Message] fib_1618 -> Chat: and you come in at the beginning of the day
2014-05-22 17:57:15 [Message] fib_1618 -> Chat: you expect a decline
2014-05-22 17:57:19 [Message] fib_1618 -> Chat: the market accommodates you
2014-05-22 17:57:28 [Message] fib_1618 -> Chat: but then with current levels of liquidity too high (MCSUM positions)
2014-05-22 17:57:38 [Message] fib_1618 -> Chat: it cushions any kind of follow through selling
2014-05-22 17:57:45 [Message] fib_1618 -> Chat: and if you're short...you lose
2014-05-22 17:57:56 [Message] PrincelyM -> Chat: well true
2014-05-22 17:57:58 [Message] fib_1618 -> Chat: same with being long
2014-05-22 17:58:18 [Message] fib_1618 -> Chat: the best time to trade a congestion pattern is at the bottom and the top of the range
2014-05-22 17:58:20 [Message] PrincelyM -> Chat: actually i feel - being short has always been tough
2014-05-22 17:58:31 [Message] fib_1618 -> Chat: which would mean currently the mid April period for the low
2014-05-22 17:58:32 [Message] PrincelyM -> Chat: but then maybe i haven't been trading long enough
2014-05-22 17:58:35 [Message] fib_1618 -> Chat: and mid May for the high
2014-05-22 17:58:38 [Message] fib_1618 -> Chat: but now
2014-05-22 17:58:57 [Message] fib_1618 -> Chat: we have enough information here to suggest that we're on the edge of actually trending again
2014-05-22 17:59:01 [Message] fib_1618 -> Chat: and then
2014-05-22 17:59:04 [Message] PrincelyM -> Chat: true
2014-05-22 17:59:05 [Message] fib_1618 -> Chat: you can move in
2014-05-22 17:59:09 [Message] fib_1618 -> Chat: and just monitor things
2014-05-22 17:59:16 [Message] fib_1618 -> Chat: under YOUR terms
2014-05-22 17:59:20 [Message] fib_1618 -> Chat: not the markets
2014-05-22 17:59:42 [Message] fib_1618 -> Chat: take advantage of the insight that the McClellan tools give you
2014-05-22 17:59:57 [Message] fib_1618 -> Chat: for example - we KNEW back in March that we were going to move sideways, right?
2014-05-22 18:00:11 [Message] fib_1618 -> Chat: but each pattern has its own uniqueness
2014-05-22 18:00:20 [Message] fib_1618 -> Chat: the majority of the times
2014-05-22 18:00:25 [Message] fib_1618 -> Chat: it's just a trading range
2014-05-22 18:00:32 [Message] fib_1618 -> Chat: with the alternate being a triangle
2014-05-22 18:00:35 [Message] fib_1618 -> Chat: and let me tell you
2014-05-22 18:00:51 [Message] fib_1618 -> Chat: there isn't anyone here in this room or any seasoned trader that wants to trade a triangle
2014-05-22 18:00:59 [Message] PrincelyM -> Chat: :)
2014-05-22 18:01:05 [Message] fib_1618 -> Chat: they are the most difficult of all patterns to trade
2014-05-22 18:01:10 [Message] PrincelyM -> Chat: yep
2014-05-22 18:01:26 [Message] fib_1618 -> Chat: because the push and shove is so compressed
2014-05-22 18:01:31 [Message] PrincelyM -> Chat: i agree
2014-05-22 18:01:35 [Message] fib_1618 -> Chat: that we usually get wide swings intraday
2014-05-22 18:01:45 [Message] fib_1618 -> Chat: look at Tuesday
2014-05-22 18:01:55 [Message] fib_1618 -> Chat: all was fine and dandy until after lunch
2014-05-22 18:01:59 [Message] fib_1618 -> Chat: and then whoosh
2014-05-22 18:02:15 [Message] fib_1618 -> Chat: better to sit on your hands as we talked about on Tuesday
2014-05-22 18:02:16 [Message] PrincelyM -> Chat: yeah
2014-05-22 18:02:29 [Message] PrincelyM -> Chat: patience
2014-05-22 18:02:30 [Message] fib_1618 -> Chat: than to try to lead off with what you believe will be the next sequence of events
2014-05-22 18:02:32 [Message] fib_1618 -> Chat: yes
2014-05-22 18:02:33 [Message] PrincelyM -> Chat: i suppose
2014-05-22 18:02:34 [Message] fib_1618 -> Chat: patience
2014-05-22 18:02:40 [Message] PrincelyM -> Chat: yep
2014-05-22 18:02:41 [Message] fib_1618 -> Chat: easy to say
2014-05-22 18:02:43 [Message] PrincelyM -> Chat: thanks
2014-05-22 18:02:44 [Message] fib_1618 -> Chat: and so hard to do
2014-05-22 18:02:47 [Message] PrincelyM -> Chat: i know
2014-05-22 18:02:47 [Message] fib_1618 -> Chat: you're fine
2014-05-22 18:02:56 [Message] fib_1618 -> Chat: just keep your losses small
2014-05-22 18:03:00 [Message] fib_1618 -> Chat: and let your profits run
2014-05-22 18:03:02 [Message] PrincelyM -> Chat: yes
2014-05-22 18:03:08 [Message] PrincelyM -> Chat: That's the motto
2014-05-22 18:03:12 [Message] fib_1618 -> Chat: and...
2014-05-22 18:03:15 [Message] PrincelyM -> Chat: getting there
2014-05-22 18:03:17 [Message] fib_1618 -> Chat: once we get a rhythm here
2014-05-22 18:03:26 [Message] fib_1618 -> Chat: then it will become easy
2014-05-22 18:03:40 [Message] fib_1618 -> Chat: there has been no rhythm...no cadence over the last month or so
2014-05-22 18:03:43 [Message] fib_1618 -> Chat: look at the MCSUM's
2014-05-22 18:03:49 [Message] fib_1618 -> Chat: gap and then congestion
2014-05-22 18:03:51 [Message] PrincelyM -> Chat: very true
2014-05-22 18:03:53 [Message] fib_1618 -> Chat: hard to trade
2014-05-22 18:03:56 [Message] PrincelyM -> Chat: yes
2014-05-22 18:04:12 [Message] PrincelyM -> Chat: thanks - i was beginning to wonder if I am the only one :D
2014-05-22 18:04:17 [Message] fib_1618 -> Chat: nope
2014-05-22 18:04:20 [Message] fib_1618 -> Chat: we all go through it
2014-05-22 18:04:41 [Message] fib_1618 -> Chat: the tougher times is when we read posts or hear how others view the market
2014-05-22 18:04:43 [Message] PrincelyM -> Chat: Thanks Dave - this helped
2014-05-22 18:04:52 [Message] fib_1618 -> Chat: and we become emotionally attached and lose our focus
2014-05-22 18:04:56 [Message] PrincelyM -> Chat: yep
2014-05-22 18:05:00 [Message] PrincelyM -> Chat: I know
2014-05-22 18:05:05 [Message] PrincelyM -> Chat: esp reading TT
2014-05-22 18:05:07 [Message] PrincelyM -> Chat: well..
2014-05-22 18:05:09 [Message] fib_1618 -> Chat: remember
2014-05-22 18:05:13 [Message] fib_1618 -> Chat: yesterday
2014-05-22 18:05:15 [Message] PrincelyM -> Chat: its entertainment mostly
2014-05-22 18:05:20 [Message] PrincelyM -> Chat: TT I mean
2014-05-22 18:05:22 [Message] fib_1618 -> Chat: and there was a post about "blood in the streets"
2014-05-22 18:05:26 [Message] PrincelyM -> Chat: yes
2014-05-22 18:05:29 [Message] PrincelyM -> Chat: :D
2014-05-22 18:05:30 [Message] fib_1618 -> Chat: and I put up the cheer leading emoticon?
2014-05-22 18:05:38 [Message] PrincelyM -> Chat: funny
2014-05-22 18:05:41 [Message] fib_1618 -> Chat: :)
2014-05-22 18:05:45 [Message] PrincelyM -> Chat: today early morning
2014-05-22 18:05:48 [Message] fib_1618 -> Chat: I'm always giving answers
2014-05-22 18:06:12 [Message] PrincelyM -> Chat: I went for a walk - and saw a post from him - at least he admitted he was wrong
2014-05-22 18:06:21 [Message] fib_1618 -> Chat: he had no choice
2014-05-22 18:06:28 [Message] fib_1618 -> Chat: his emotion got the best of him
2014-05-22 18:06:35 [Message] PrincelyM -> Chat: he is one of the better posters - at least he admits when he is wrong
2014-05-22 18:06:36 [Message] fib_1618 -> Chat: as is with the majority there
2014-05-22 18:06:43 [Message] fib_1618 -> Chat: I think he's terrific
2014-05-22 18:06:50 [Message] fib_1618 -> Chat: he's very knowledgeable
2014-05-22 18:06:58 [Message] fib_1618 -> Chat: but he has a lot to understand
2014-05-22 18:07:04 [Message] fib_1618 -> Chat: I try
2014-05-22 18:07:09 [Message] fib_1618 -> Chat: anyway
2014-05-22 18:07:14 [Message] fib_1618 -> Chat: anything else?
2014-05-22 18:07:38 [Message] fib_1618 -> Chat: OK...then I want all of you to have a terrific holiday weekend
2014-05-22 18:07:39 [Message] PrincelyM -> Chat: Thanks Dave
2014-05-22 18:07:43 [Message] PrincelyM -> Chat: nothing else from me
2014-05-22 18:07:43 [Message] fib_1618 -> Chat: and we'll do this all again on Tuesday
2014-05-22 18:07:44 [Message] fib_1618 -> Chat: good night
2014-05-22 18:07:48 [Message] PrincelyM -> Chat: you have a good night
2014-05-22 18:07:50 [Message] PrincelyM -> Chat: and weekend

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