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fib_1618

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Reply with quote  #1 
2014-05-27 16:00:07 [Message] fib_1618 -> Chat: good day
2014-05-27 16:00:10 [Message] fib_1618 -> Chat: how is everyone?
2014-05-27 16:02:25 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2014-05-27 16:04:03 [Message] fib_1618 -> Chat: let's wait another minute and then we'll get started
2014-05-27 16:04:33 [Message] thespookyone -> Chat: You serve up "the real thing" here, right? [smile]
2014-05-27 16:06:09 [Message] fib_1618 -> Chat: lol
2014-05-27 16:06:19 [Message] fib_1618 -> Chat: "Fib's coke"
2014-05-27 16:06:41 [Message] fib_1618 -> Chat: not the new recipe in here...the old one...tried and true
2014-05-27 16:06:57 [Message] fib_1618 -> Chat: OK....let's get DP up and we'll get started
2014-05-27 16:07:00 [Message] thespookyone -> Chat: it quenches!
2014-05-27 16:07:25 [Message] fib_1618 -> Chat: especially when you let it breath.... [smile]
2014-05-27 16:07:56 [Message] fib_1618 -> Chat: after moving above the early May highs on Friday
2014-05-27 16:08:06 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO continued higher today
2014-05-27 16:08:24 [Message] fib_1618 -> Chat: and it has now taken out the double top highs of April
2014-05-27 16:09:27 [Message] fib_1618 -> Chat: this now clears the way for prices to move out of their consolidation channel in the NYA
2014-05-27 16:09:40 [Message] fib_1618 -> Chat: as we did so today
2014-05-27 16:09:49 [Message] fib_1618 -> Chat: with new all time intraday and closing price highs
2014-05-27 16:10:22 [Message] fib_1618 -> Chat: looking at the NYSE CO breadth MCSUM
2014-05-27 16:10:47 [Message] fib_1618 -> Chat: and here we see that we remain below the longer term declining tops line going back to the March highs
2014-05-27 16:10:54 [Message] fib_1618 -> Chat: until this line of negative influence is taken out
2014-05-27 16:11:11 [Message] fib_1618 -> Chat: prices will continue to have its issues in moving with more fluidity to the upside
2014-05-27 16:11:41 [Message] fib_1618 -> Chat: where we'll see 1% moves instead of those of only 1/2 of 1% as we saw today
2014-05-27 16:12:01 [Message] fib_1618 -> Chat: it's also important to see the NYSE Composite breadth data leading the way here, so let's take a look at that
2014-05-27 16:12:28 [Message] fib_1618 -> Chat: and here we remain below the mid April highs
2014-05-27 16:12:46 [Message] fib_1618 -> Chat: so nothing there that would suggest a confirmation move in today's price highs
2014-05-27 16:13:02 [Message] fib_1618 -> Chat: so it will be important for the buyers to wrench it up a bit on Wednesday
2014-05-27 16:13:14 [Message] fib_1618 -> Chat: or we'll likely see another near term rally failure
2014-05-27 16:14:23 [Message] fib_1618 -> Chat: with the focus point in being able to take out the MCSUM gap resistance zone that we can see on the 21 day close up chart between the 820 and 790 area
2014-05-27 16:14:30 [Message] fib_1618 -> Chat: once that's accomplished
2014-05-27 16:14:42 [Message] fib_1618 -> Chat: then we'll have a confirmed breakout
2014-05-27 16:14:57 [Message] fib_1618 -> Chat: and we'll then be ready to rally for the next several weeks
2014-05-27 16:15:19 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO
2014-05-27 16:15:32 [Message] fib_1618 -> Chat: and we have a more definitive breadth thrust to work with now
2014-05-27 16:15:43 [Message] fib_1618 -> Chat: as we are at the highest levels in a year
2014-05-27 16:16:08 [Message] fib_1618 -> Chat: looking at the 3 year chart
2014-05-27 16:16:38 [Message] fib_1618 -> Chat: and we're now at levels not seen since June of 2012...2 years ago
2014-05-27 16:16:48 [Message] fib_1618 -> Chat: this now gives us a new impulse to the upside
2014-05-27 16:17:06 [Message] fib_1618 -> Chat: which will extend the rally of the last couple of years
2014-05-27 16:17:11 [Message] fib_1618 -> Chat: and with the new highs in the MCO
2014-05-27 16:17:27 [Message] fib_1618 -> Chat: this now suggests that the angle of ascent is about to go above 45 degrees
2014-05-27 16:17:39 [Message] fib_1618 -> Chat: or to put it another way
2014-05-27 16:18:27 [Message] fib_1618 -> Chat: the angle of ascent of this next advancing price sequence should be at a higher angle than that of the rally seen in 2013
2014-05-27 16:18:33 [Message] fib_1618 -> Chat: this would also mean
2014-05-27 16:18:45 [Message] fib_1618 -> Chat: that we're now very likely to challenge the all time highs in the NASDAQ on this run
2014-05-27 16:19:16 [Message] fib_1618 -> Chat: with any further energy boost likely to be enough to push us beyond the 2000 price highs
2014-05-27 16:19:56 [Message] fib_1618 -> Chat: looking at the 21 day close up chart of the NASDAQ breadth MCSUM
2014-05-27 16:20:16 [Message] fib_1618 -> Chat: and we can see the amount of money that's moving into these stocks now
2014-05-27 16:20:42 [Message] fib_1618 -> Chat: with the individual post expansion getting larger over the last couple of trading days
2014-05-27 16:21:00 [Message] fib_1618 -> Chat: first area of resistance will be around the -250 level
2014-05-27 16:21:06 [Message] fib_1618 -> Chat: but with this amount of energy
2014-05-27 16:21:26 [Message] fib_1618 -> Chat: the expectation would be for a full snapback to the MCSUM zero line on this run
2014-05-27 16:22:25 [Message] fib_1618 -> Chat: moving to the NDX breadth MCO
2014-05-27 16:22:47 [Message] fib_1618 -> Chat: and here too we are now at the highest levels since February
2014-05-27 16:23:18 [Message] fib_1618 -> Chat: and we can see how this energy translates by looking at the broad separation of individual postings in the NDX breadth MCSUM
2014-05-27 16:23:45 [Message] fib_1618 -> Chat: with Friday's move above the May highs
2014-05-27 16:24:27 [Message] fib_1618 -> Chat: we also needed to take out early April's small resistance pattern we talked about last week in the NDX breadth MCSUM
2014-05-27 16:24:46 [Message] fib_1618 -> Chat: so technically now, we're in the clear to make new recovery price highs in the NDX
2014-05-27 16:25:01 [Message] fib_1618 -> Chat: but until we're able to take out the February highs
2014-05-27 16:25:15 [Message] fib_1618 -> Chat: it's not so certain that we'll be able to take out the all time highs on this run
2014-05-27 16:25:17 [Message] fib_1618 -> Chat: for now...
2014-05-27 16:25:32 [Message] fib_1618 -> Chat: a challenge of the 2000 highs is now likely
2014-05-27 16:25:59 [Message] fib_1618 -> Chat: looks like we closed at new recovery highs today as well
2014-05-27 16:26:08 [Message] fib_1618 -> Chat: as we noted last week
2014-05-27 16:26:20 [Message] fib_1618 -> Chat: you can see how the price pattern continues to "reach out" to the upside now
2014-05-27 16:26:38 [Message] fib_1618 -> Chat: which is a classic sign of a strong trend in progress
2014-05-27 16:26:53 [Message] fib_1618 -> Chat: which, in this case, is at its beginning stages
2014-05-27 16:27:20 [Message] fib_1618 -> Chat: new all time high close in the SPX today
2014-05-27 16:27:28 [Message] fib_1618 -> Chat: as well as the OEX
2014-05-27 16:28:00 [Message] fib_1618 -> Chat: and it would appear the the SPX breadth MCO is now slightly above the April highs
2014-05-27 16:28:04 [Message] fib_1618 -> Chat: but at this point
2014-05-27 16:28:17 [Message] fib_1618 -> Chat: with the non confirmation in the NYSE Composite
2014-05-27 16:28:28 [Message] fib_1618 -> Chat: let's call present levels only a challenge
2014-05-27 16:28:50 [Message] fib_1618 -> Chat: while we wait to see if we get the necessary follow through to make this an absolute conclusion
2014-05-27 16:29:10 [Message] fib_1618 -> Chat: as we also remarked a week or two ago
2014-05-27 16:29:51 [Message] fib_1618 -> Chat: the basing price pattern structure also gives us an upside price target for the SPX at around the 1925
2014-05-27 16:30:09 [Message] fib_1618 -> Chat: but if we take a measuring objective of the entire correctional sequence
2014-05-27 16:30:16 [Message] fib_1618 -> Chat: that measured target expands to...
2014-05-27 16:30:43 [Message] fib_1618 -> Chat: to around...
2014-05-27 16:30:46 [Message] fib_1618 -> Chat: wait for it....
2014-05-27 16:30:49 [Message] fib_1618 -> Chat: 2225
2014-05-27 16:30:55 [Message] thespookyone -> Chat: sweet
2014-05-27 16:31:17 [Message] fib_1618 -> Chat: so we now have another technical target that compliments the longer term McClellan target of 2250
2014-05-27 16:31:36 [Message] fib_1618 -> Chat: all we need now is for the buyers to give the full go ahead and we'll be on our way
2014-05-27 16:31:54 [Message] fib_1618 -> Chat: as mentioned before
2014-05-27 16:31:59 [Message] fib_1618 -> Chat: new all time price highs in the OEX today
2014-05-27 16:32:06 [Message] fib_1618 -> Chat: but looking at the OEX breadth MCO
2014-05-27 16:32:23 [Message] fib_1618 -> Chat: and we still remain below the mid April highs
2014-05-27 16:32:31 [Message] fib_1618 -> Chat: so the breakout is confirmed
2014-05-27 16:32:42 [Message] fib_1618 -> Chat: but we don't have enough as yet to really make this thing "go"
2014-05-27 16:32:54 [Message] fib_1618 -> Chat: if we are able to move above the mid April MCO highs
2014-05-27 16:33:41 [Message] fib_1618 -> Chat: than we'll be able to have enough fuel behind us for another 60 point move
2014-05-27 16:33:59 [Message] fib_1618 -> Chat: if we get above the MCO highs of mid February
2014-05-27 16:34:16 [Message] fib_1618 -> Chat: that would allow 100 points total from current levels
2014-05-27 16:34:24 [Message] fib_1618 -> Chat: keeping in mind
2014-05-27 16:34:27 [Message] fib_1618 -> Chat: of course
2014-05-27 16:34:33 [Message] fib_1618 -> Chat: that if the index is at all time highs
2014-05-27 16:34:39 [Message] fib_1618 -> Chat: who exactly is going to sell?
2014-05-27 16:34:57 [Message] fib_1618 -> Chat: especially if we maintain support of the secondaries?
2014-05-27 16:35:03 [Message] fib_1618 -> Chat: we'll see
2014-05-27 16:35:30 [Message] fib_1618 -> Chat: the Dow breadth MCO has cleared above the mid May highs now
2014-05-27 16:35:40 [Message] fib_1618 -> Chat: and this allows a challenge of the all time highs
2014-05-27 16:35:46 [Message] fib_1618 -> Chat: in order to move above that
2014-05-27 16:35:58 [Message] fib_1618 -> Chat: we'll need to take out the April highs
2014-05-27 16:36:09 [Message] fib_1618 -> Chat: the one thing about this kind of work
2014-05-27 16:36:17 [Message] fib_1618 -> Chat: is that if something technical really works
2014-05-27 16:36:29 [Message] fib_1618 -> Chat: it must be CONSISTENT as to its outcomes
2014-05-27 16:36:46 [Message] fib_1618 -> Chat: so when we see the May highs taken out on Friday
2014-05-27 16:36:52 [Message] fib_1618 -> Chat: that allowed a challenge of the old highs
2014-05-27 16:37:09 [Message] fib_1618 -> Chat: but it was today's move above the April highs that allowed prices to move into new price high territory
2014-05-27 16:37:45 [Message] fib_1618 -> Chat: so now it's a matter of how much fuel is going to be used that will determine how high we're likely to go
2014-05-27 16:37:56 [Message] fib_1618 -> Chat: yes, it's all rocket science
2014-05-27 16:37:59 [Message] fib_1618 -> Chat: [smile]
2014-05-27 16:38:27 [Message] fib_1618 -> Chat: the MID breadth MCO "cleared the tower" today
2014-05-27 16:38:48 [Message] fib_1618 -> Chat: and we know that because we not only took out the April highs
2014-05-27 16:39:03 [Message] fib_1618 -> Chat: but this also allowed the MID breadth MCSUM to move above its declining tops line today
2014-05-27 16:39:29 [Message] fib_1618 -> Chat: so we'll look for new all time highs in the MID sooner than later
2014-05-27 16:39:53 [Message] fib_1618 -> Chat: note also how the MID breadth MCSUM found support at the +250 level
2014-05-27 16:40:04 [Message] fib_1618 -> Chat: and how it's going to be important that it take out the +500 level
2014-05-27 16:40:10 [Message] fib_1618 -> Chat: for now
2014-05-27 16:40:20 [Message] fib_1618 -> Chat: it's buying time for this basket of stocks
2014-05-27 16:40:36 [Message] fib_1618 -> Chat: OH BOY!
2014-05-27 16:40:42 [Message] fib_1618 -> Chat: and look at the SML breadth MCO!
2014-05-27 16:41:02 [Message] fib_1618 -> Chat: as it has now confirmed what the NASDAQ breadth MCO was suggesting last Thursday
2014-05-27 16:41:10 [Message] fib_1618 -> Chat: as we have great follow through there
2014-05-27 16:41:29 [Message] fib_1618 -> Chat: it is also at the highest levels since June of last year
2014-05-27 16:41:49 [Message] fib_1618 -> Chat: and that thrust was good for 75 SML points
2014-05-27 16:41:56 [Message] fib_1618 -> Chat: so we're in the clear there
2014-05-27 16:42:24 [Message] fib_1618 -> Chat: notice also that we broke above the declining tops line today in the SML breadth MCSUM
2014-05-27 16:43:07 [Message] fib_1618 -> Chat: with longer term resistance now at around the +400 level
2014-05-27 16:43:59 [Message] fib_1618 -> Chat: and we also saw a break above the mid April highs in the TM breadth MCO today
2014-05-27 16:44:37 [Message] fib_1618 -> Chat: so we'll see how things sort out over the next couple of days
2014-05-27 16:44:51 [Message] fib_1618 -> Chat: this should be an interesting week
2014-05-27 16:45:01 [Message] fib_1618 -> Chat: since all of the heavy duty economic data isn't out until next week
2014-05-27 16:45:22 [Message] fib_1618 -> Chat: and with the last two days of traders "throwing in the towel"
2014-05-27 16:45:37 [Message] fib_1618 -> Chat: it would seem that money is expecting good news next week
2014-05-27 16:45:42 [Message] fib_1618 -> Chat: (whatever that means)
2014-05-27 16:45:45 [Message] fib_1618 -> Chat: so...
2014-05-27 16:45:52 [Message] fib_1618 -> Chat: a great statement day for the bulls
2014-05-27 16:46:04 [Message] fib_1618 -> Chat: as the secondaries and small caps are now leading the market higher
2014-05-27 16:46:22 [Message] fib_1618 -> Chat: where the rally in April we saw the large caps leading
2014-05-27 16:46:43 [Message] fib_1618 -> Chat: now we have a much better leadership where trends can actually be created
2014-05-27 16:46:56 [Message] fib_1618 -> Chat: and liquidity is not a problem at all
2014-05-27 16:47:14 [Message] fib_1618 -> Chat: OK...let's see if we get volume confirmation
2014-05-27 16:47:36 [Message] fib_1618 -> Chat: the NYSE CO volume MCO continues to move higher
2014-05-27 16:47:45 [Message] fib_1618 -> Chat: and we'll call it "keeping pace" with breadth
2014-05-27 16:48:00 [Message] fib_1618 -> Chat: not leading...but enough for prices to continue firm at this stage
2014-05-27 16:48:36 [Message] fib_1618 -> Chat: a move above the April double top highs, however, would then clear the way for our next advancing price sequence
2014-05-27 16:49:00 [Message] fib_1618 -> Chat: same with the NYSE Composite breadth MCO
2014-05-27 16:49:35 [Message] fib_1618 -> Chat: but the bulls will really want to see a much broader interest in the NYSE here to get things moving here
2014-05-27 16:49:46 [Message] fib_1618 -> Chat: wow
2014-05-27 16:49:58 [Message] fib_1618 -> Chat: the NASDAQ volume MCO is confirming its breadth cousin
2014-05-27 16:50:03 [Message] fib_1618 -> Chat: and more importantly
2014-05-27 16:50:14 [Message] fib_1618 -> Chat: the NASDAQ volume MCSUM is back above its zero line
2014-05-27 16:50:21 [Message] fib_1618 -> Chat: which is why prices are now gaping to the upside
2014-05-27 16:50:44 [Message] fib_1618 -> Chat: as control moves from the sellers to the buyers with this zero line cross
2014-05-27 16:51:26 [Message] fib_1618 -> Chat: same with the NDX volume MCO
2014-05-27 16:51:33 [Message] fib_1618 -> Chat: and taking ruler to monitor
2014-05-27 16:52:14 [Message] fib_1618 -> Chat: the NDX volume MCSUM has now broken above the declining tops line that's connecting the October 13 and March 14 highs
2014-05-27 16:52:40 [Message] fib_1618 -> Chat: and, not too surprisingly, this now allows prices to move to higher highs
2014-05-27 16:53:34 [Message] fib_1618 -> Chat: the SPX volume MCO is moving in sync with its breadth cousin so far
2014-05-27 16:54:07 [Message] fib_1618 -> Chat: and we are right up to the accelerated declining tops line seen on the close up chart of the SPX breadth MCSUM
2014-05-27 16:54:25 [Message] fib_1618 -> Chat: any break above this line will likely produce explosive results in price
2014-05-27 16:54:39 [Message] fib_1618 -> Chat: we'll call it a minimal 1% move on the break out
2014-05-27 16:54:55 [Message] fib_1618 -> Chat: which now would be about 19 SPX points
2014-05-27 16:55:09 [Message] fib_1618 -> Chat: OK...
2014-05-27 16:55:19 [Message] fib_1618 -> Chat: the OEX volume MCO is actually leading breadth higher
2014-05-27 16:55:30 [Message] fib_1618 -> Chat: so we have a confirmed breakout to the upside there
2014-05-27 16:55:45 [Message] fib_1618 -> Chat: how high we go remains the only question for now
2014-05-27 16:56:10 [Message] fib_1618 -> Chat: anybody get the feeling that the 20 week Hurst cycle bottomed last Tuesday? [smile]
2014-05-27 16:56:21 [Message] thespookyone -> Chat: Yep...
2014-05-27 16:56:29 [Message] PrincelyM -> Chat: Sure looks like it
2014-05-27 16:56:32 [Message] fib_1618 -> Chat: the Dow volume MCO is also leading to the upside
2014-05-27 16:56:36 [Message] PrincelyM -> Chat: 20 week I mean
2014-05-27 16:56:57 [Message] fib_1618 -> Chat: one of those cycle examples where prices moved up and out of the lows instead of moving down and into
2014-05-27 16:57:13 [Message] PrincelyM -> Chat: Early 20 week low - very bullish
2014-05-27 16:57:22 [Message] fib_1618 -> Chat: if only a week...yes
2014-05-27 16:57:40 [Message] fib_1618 -> Chat: but definitely within the plus or minus one week window
2014-05-27 16:58:12 [Message] fib_1618 -> Chat: looks like the Dow volume MCSUM is going to find bullish support at the +250 level
2014-05-27 16:58:31 [Message] fib_1618 -> Chat: let's see if the buyers come in and take control of the action and leave no doubt
2014-05-27 16:58:59 [Message] fib_1618 -> Chat: upside breakout in the MID volume MCSUM as well
2014-05-27 16:59:46 [Message] fib_1618 -> Chat: with the MID volume MCO keeping in sync with its breadth cousin
2014-05-27 17:00:04 [Message] fib_1618 -> Chat: the SML volume MCO remains in catch up mode to its breadth cousin though
2014-05-27 17:00:29 [Message] fib_1618 -> Chat: and we'll need to see better data here in order for the SML to actually break out to new price pattern highs
2014-05-27 17:01:09 [Message] fib_1618 -> Chat: but certainly the current performance is likely to produce a challenge of those same price highs
2014-05-27 17:01:33 [Message] fib_1618 -> Chat: and the TM volume MCO has taken out its April highs now
2014-05-27 17:02:06 [Message] fib_1618 -> Chat: and that should be enough to begin an advancing price sequence in this index of stocks
2014-05-27 17:02:11 [Message] fib_1618 -> Chat: so...
2014-05-27 17:02:25 [Message] fib_1618 -> Chat: with the important exception of the NYSE Composite data
2014-05-27 17:02:42 [Message] fib_1618 -> Chat: the rest of the market looks as though it has now completed its pause to refresh
2014-05-27 17:02:55 [Message] fib_1618 -> Chat: and that a new price highs are likely to be seen over the next week or so
2014-05-27 17:03:18 [Message] fib_1618 -> Chat: with the NASDAQ and SML now suggesting that any price advance is likely to last for 4-6 weeks
2014-05-27 17:03:28 [Message] fib_1618 -> Chat: or probably into the July 4th holiday weekend
2014-05-27 17:03:36 [Message] fib_1618 -> Chat: the more fuel we get to use
2014-05-27 17:03:47 [Message] fib_1618 -> Chat: the longer the time it will take to work it off
2014-05-27 17:03:54 [Message] fib_1618 -> Chat: so for now
2014-05-27 17:04:12 [Message] fib_1618 -> Chat: we're monitoring fuel consumption to help determine how high we're likely to get during this thrust
2014-05-27 17:04:44 [Message] fib_1618 -> Chat: let me quickly check the BETS - one sec
2014-05-27 17:05:56 [Message] fib_1618 -> Chat: +50
2014-05-27 17:06:03 [Message] fib_1618 -> Chat: same as last weekend
2014-05-27 17:06:11 [Message] fib_1618 -> Chat: the NYUD moved to new all time highs today
2014-05-27 17:06:27 [Message] fib_1618 -> Chat: so it would appear that we should get our MCO confirmations in the next day or so
2014-05-27 17:06:55 [Message] fib_1618 -> Chat: CVI's are getting frothy now
2014-05-27 17:07:00 [Message] fib_1618 -> Chat: especially the NDX
2014-05-27 17:07:10 [Message] fib_1618 -> Chat: STVO's are not yet "overbought"
2014-05-27 17:07:36 [Message] fib_1618 -> Chat: but they're getting there
2014-05-27 17:07:54 [Message] fib_1618 -> Chat: VTO's are still on the bullish side of neutral
2014-05-27 17:08:02 [Message] fib_1618 -> Chat: but that should change tomorrow as the last 2 days of data kick in
2014-05-27 17:08:15 [Message] fib_1618 -> Chat: and with these current breadth thrusts
2014-05-27 17:08:34 [Message] fib_1618 -> Chat: it's not likely that we'll see a price top until the VTO's move to "overbought"
2014-05-27 17:08:42 [Message] fib_1618 -> Chat: so we have some time there
2014-05-27 17:08:54 [Message] fib_1618 -> Chat: NYSE TRIN at 1.10
2014-05-27 17:09:05 [Message] fib_1618 -> Chat: traders are questioning the new highs...good
2014-05-27 17:09:21 [Message] fib_1618 -> Chat: Open 10 is STILL highly "oversold" at 1.14
2014-05-27 17:09:31 [Message] fib_1618 -> Chat: this thing is a powder keg
2014-05-27 17:09:41 [Message] fib_1618 -> Chat: just waiting for someone to light a match
2014-05-27 17:09:47 [Message] fib_1618 -> Chat: BTW
2014-05-27 17:09:53 [Message] fib_1618 -> Chat: the DAX closed at all time highs today
2014-05-27 17:09:58 [Message] fib_1618 -> Chat: and it's now...let me check
2014-05-27 17:10:19 [Message] fib_1618 -> Chat: 60 points away from 10,000
2014-05-27 17:10:42 [Message] fib_1618 -> Chat: the FTSE is 80 points shy of its all time highs
2014-05-27 17:10:57 [Message] fib_1618 -> Chat: but the DAX is the important one
2014-05-27 17:11:03 [Message] fib_1618 -> Chat: as it's loaded with growth stocks
2014-05-27 17:11:36 [Message] fib_1618 -> Chat: so it should never be underestimated with respect to the power of cheap money on growth stocks
2014-05-27 17:11:40 [Message] fib_1618 -> Chat: and why is it...
2014-05-27 17:11:45 [Message] fib_1618 -> Chat: that no one understands
2014-05-27 17:11:54 [Message] fib_1618 -> Chat: that the cheaper money becomes
2014-05-27 17:12:01 [Message] fib_1618 -> Chat: the less volatility there is in the markets?
2014-05-27 17:12:21 [Message] fib_1618 -> Chat: I just don't get it how the majority doesn't see this
2014-05-27 17:12:48 [Message] fib_1618 -> Chat: and why does everyone continue to use the "lack of volume" as some reason why the prices can't go higher?
2014-05-27 17:13:06 [Message] fib_1618 -> Chat: as it's not quantity that counts...it's QUALITY
2014-05-27 17:13:21 [Message] fib_1618 -> Chat: bull markets rise on the back of worry
2014-05-27 17:13:35 [Message] fib_1618 -> Chat: of course there's going to be a lack of volume
2014-05-27 17:13:54 [Message] fib_1618 -> Chat: because humans are afraid that once they commit, the market will go lower
2014-05-27 17:14:13 [Message] fib_1618 -> Chat: market psychology is always a fascinating subject for me
2014-05-27 17:14:34 [Message] fib_1618 -> Chat: sometimes it's wise just to hold your nose if you think it stinks
2014-05-27 17:14:40 [Message] fib_1618 -> Chat: especially if your "non emotional" indicators tell you otherwise
2014-05-27 17:15:14 [Message] fib_1618 -> Chat: NASDAQ TRIN at .68
2014-05-27 17:15:23 [Message] fib_1618 -> Chat: Open 10 at .91
2014-05-27 17:15:28 [Message] fib_1618 -> Chat: still neutral
2014-05-27 17:15:56 [Message] fib_1618 -> Chat: and we've gained some 150 points in the NASDAQ since we moved to neutral
2014-05-27 17:15:58 [Message] fib_1618 -> Chat: amazing
2014-05-27 17:16:07 [Message] fib_1618 -> Chat: TM TRIN at .70
2014-05-27 17:16:18 [Message] fib_1618 -> Chat: Open 10 at .98
2014-05-27 17:16:29 [Message] fib_1618 -> Chat: no change from Friday
2014-05-27 17:16:33 [Message] fib_1618 -> Chat: so....
2014-05-27 17:17:01 [Message] fib_1618 -> Chat: those who saw the potential for a upside breakout last Thursday continue to be strapped in their seats
2014-05-27 17:17:29 [Message] fib_1618 -> Chat: while the shuttle is now in the process of reaching escape velocity
2014-05-27 17:17:42 [Message] fib_1618 -> Chat: after having cleared the tower in many cases
2014-05-27 17:17:57 [Message] fib_1618 -> Chat: this is really the fun part now
2014-05-27 17:18:22 [Message] fib_1618 -> Chat: because what happens over the next couple of weeks will then give us our price and time targets for this advance
2014-05-27 17:18:39 [Message] fib_1618 -> Chat: and then we can trade with a better rhythm in the market
2014-05-27 17:18:43 [Message] fib_1618 -> Chat: anything else?
2014-05-27 17:18:52 [Message] PrincelyM -> Chat: What I find curious is - at this stage of the advance just we 3 are here in the chat room...curious
2014-05-27 17:19:04 [Message] PrincelyM -> Chat: [smile]
2014-05-27 17:19:13 [Message] fib_1618 -> Chat: because
2014-05-27 17:19:27 [Message] PrincelyM -> Chat: also i noted the posts at TT has gone down drastically
2014-05-27 17:19:27 [Message] fib_1618 -> Chat: it goes back to the discussion of human emotion
2014-05-27 17:19:34 [Message] fib_1618 -> Chat: we are slow to embrace with the market is rising
2014-05-27 17:19:46 [Message] fib_1618 -> Chat: but quick to panic when the market is declining
2014-05-27 17:19:52 [Message] PrincelyM -> Chat: true that
2014-05-27 17:19:55 [Message] fib_1618 -> Chat: everyone wants to know how far down we go
2014-05-27 17:20:02 [Message] fib_1618 -> Chat: but are not too interested in how high
2014-05-27 17:20:14 [Message] fib_1618 -> Chat: the absolute reason why technical analysis is important
2014-05-27 17:20:26 [Message] fib_1618 -> Chat: is not so much to know when the market is weakening
2014-05-27 17:20:47 [Message] fib_1618 -> Chat: but to know when there is enough energy behind it to ward off the bear market default
2014-05-27 17:20:48 [Message] PrincelyM -> Chat: Dave, if you don't mind, just we 3 here...do you have any thoughts around the EW structure here?
2014-05-27 17:20:54 [Message] fib_1618 -> Chat: as the market is always in a bear market
2014-05-27 17:21:00 [Message] fib_1618 -> Chat: sure
2014-05-27 17:21:07 [Message] PrincelyM -> Chat: Spooky, I value your thoughts as well
2014-05-27 17:21:23 [Message] fib_1618 -> Chat: I made a post on the gold board today on the Elliott count if you want to see that
2014-05-27 17:21:23 [Message] thespookyone -> Chat: thx
2014-05-27 17:21:33 [Message] fib_1618 -> Chat: both intermediate and long term
2014-05-27 17:21:53 [Message] PrincelyM -> Chat: Costa on TT picks some good stocks....
2014-05-27 17:21:54 [Message] fib_1618 -> Chat: it's under gannman's topic on the DUST
2014-05-27 17:21:57 [Message] PrincelyM -> Chat: GOGO
2014-05-27 17:22:01 [Message] fib_1618 -> Chat: he is very good at what he does
2014-05-27 17:22:10 [Message] PrincelyM -> Chat: 27 percent up from when he called it
2014-05-27 17:22:10 [Message] fib_1618 -> Chat: and no one cares one iota
2014-05-27 17:22:13 [Message] PrincelyM -> Chat: beauty
2014-05-27 17:22:17 [Message] thespookyone -> Chat: My room came into today short GLD from Friday-kinda front ran the triangle breakdown
2014-05-27 17:22:18 [Message] PrincelyM -> Chat: i just did a post now
2014-05-27 17:22:18 [Message] fib_1618 -> Chat: and here's a great example
2014-05-27 17:22:25 [Message] PrincelyM -> Chat: man
2014-05-27 17:22:31 [Message] fib_1618 -> Chat: those on message boards are only in it for the ego
2014-05-27 17:22:34 [Message] PrincelyM -> Chat: what a rocket
2014-05-27 17:22:36 [Message] PrincelyM -> Chat: [biggrin]
2014-05-27 17:22:43 [Message] fib_1618 -> Chat: they don't really care about technical analysis
2014-05-27 17:22:51 [Message] PrincelyM -> Chat: ok
2014-05-27 17:22:54 [Message] PrincelyM -> Chat: will check
2014-05-27 17:23:17 [Message] fib_1618 -> Chat: and will tend to make things up to support their "theories" with conspiracies and uneducated analytical biases
2014-05-27 17:23:42 [Message] fib_1618 -> Chat: Lew...on the gold board
2014-05-27 17:23:56 [Message] fib_1618 -> Chat: I also posted a chart of the XAU A/D line that you might want to look at
2014-05-27 17:24:00 [Message] fib_1618 -> Chat: now on the gold board
2014-05-27 17:24:04 [Message] thespookyone -> Chat: at TT?
2014-05-27 17:24:13 [Message] fib_1618 -> Chat: I would say that there has been enough (yes)
2014-05-27 17:24:29 [Message] fib_1618 -> Chat: crow eaten there to where they are now starting to listen to the technicals again
2014-05-27 17:24:41 [Message] fib_1618 -> Chat: anyway
2014-05-27 17:24:57 [Message] thespookyone -> Chat: thx, I'll check it out
2014-05-27 17:25:05 [Message] fib_1618 -> Chat: the triangle in gold was an easy forecast as the A/D line has been declining for the last month
2014-05-27 17:25:13 [Message] thespookyone -> Chat: Loving AAPL here, too

2014-05-27 17:27:09 [Message] fib_1618 -> Chat: anyway, the problem with many is when they are wrong they don't want to find out why they were wrong and keep using their old habits?
2014-05-27 17:27:21 [Message] fib_1618 -> Chat: take the VIX
2014-05-27 17:27:27 [Message] fib_1618 -> Chat: which is a high topic of discussion lately
2014-05-27 17:27:44 [Message] PrincelyM -> Chat: since you brought up the VIX
2014-05-27 17:27:45 [Message] fib_1618 -> Chat: the bears continue to pound the table that the VIX shouldn't be this low
2014-05-27 17:27:56 [Message] PrincelyM -> Chat: I would like to hear your thoughts on it
2014-05-27 17:28:01 [Message] fib_1618 -> Chat: but it will continue to move lower as long as interest rates continue to decline
2014-05-27 17:28:07 [Message] thespookyone -> Chat: one of the worst trading vehicles on Earth, as well
2014-05-27 17:28:37 [Message] fib_1618 -> Chat: well...how in the world do you use a momentum tool to measure the probable direction of IMPLIED volatility?
2014-05-27 17:28:48 [Message] fib_1618 -> Chat: you can't
2014-05-27 17:28:55 [Message] fib_1618 -> Chat: it's IMPLIED and not substantive!
2014-05-27 17:29:09 [Message] fib_1618 -> Chat: it's like measuring the A/D line using these same tools
2014-05-27 17:29:17 [Message] thespookyone -> Chat: I keep thinking if they think 11.50 is cheap, they'll love 9.50 LOL
2014-05-27 17:29:26 [Message] fib_1618 -> Chat: how do you know how much money is going to come and go in the market on a day to day basis?
2014-05-27 17:29:28 [Message] fib_1618 -> Chat: you can't
2014-05-27 17:29:34 [Message] fib_1618 -> Chat: remember
2014-05-27 17:29:43 [Message] PrincelyM -> Chat: I was thinking even 8
2014-05-27 17:29:46 [Message] PrincelyM -> Chat: [biggrin]
2014-05-27 17:29:54 [Message] thespookyone -> Chat: [smile]
2014-05-27 17:29:56 [Message] fib_1618 -> Chat: remember that Wolanchuk kept telling everyone that the VIX will be below 10 during the center point of 3
2014-05-27 17:30:05 [Message] fib_1618 -> Chat: why?
2014-05-27 17:30:14 [Message] fib_1618 -> Chat: here's the reason
2014-05-27 17:30:19 [Message] fib_1618 -> Chat: if money is cheap
2014-05-27 17:30:27 [Message] fib_1618 -> Chat: and the markets are flooded with liquidity
2014-05-27 17:30:38 [Message] fib_1618 -> Chat: and that cost of money continues to get cheaper
2014-05-27 17:30:46 [Message] fib_1618 -> Chat: than there is NO FEAR
2014-05-27 17:31:08 [Message] fib_1618 -> Chat: if there's no fear
2014-05-27 17:31:18 [Message] fib_1618 -> Chat: than the "implied volatility" of put options decreases
2014-05-27 17:31:38 [Message] fib_1618 -> Chat: there's no demand to be protected
2014-05-27 17:31:58 [Message] fib_1618 -> Chat: Lew...how are the spreads lately?
2014-05-27 17:32:17 [Message] PrincelyM -> Chat: 1 other thing Dave - this does not have to do with trading - I was looking to buy a house - do you think - all things considered, if this is a decent time to buy? Or wait while? Interest rate specific thought here?
2014-05-27 17:32:34 [Message] thespookyone -> Chat: calls fairly pricey, puts cheap
2014-05-27 17:32:48 [Message] fib_1618 -> Chat: yes...buy real estate
2014-05-27 17:32:55 [Message] fib_1618 -> Chat: yes...
2014-05-27 17:32:59 [Message] fib_1618 -> Chat: and that's what the VIX measures
2014-05-27 17:33:07 [Message] fib_1618 -> Chat: puts premiums
2014-05-27 17:33:13 [Message] fib_1618 -> Chat: so the lower the VIX
2014-05-27 17:33:19 [Message] fib_1618 -> Chat: the more expensive calls become
2014-05-27 17:33:20 [Message] fib_1618 -> Chat: because...
2014-05-27 17:33:23 [Message] fib_1618 -> Chat: there's no fear
2014-05-27 17:33:34 [Message] fib_1618 -> Chat: the market is moving higher on a ocean of liquidity
2014-05-27 17:33:46 [Message] fib_1618 -> Chat: so any ambushes will be absorbed
2014-05-27 17:34:16 [Message] fib_1618 -> Chat: back to real estate
2014-05-27 17:34:23 [Message] fib_1618 -> Chat: just look at the REITS
2014-05-27 17:34:35 [Message] fib_1618 -> Chat: if interest rates are going to remain low
2014-05-27 17:34:42 [Message] fib_1618 -> Chat: than demand will keep prices from sagging
2014-05-27 17:34:57 [Message] fib_1618 -> Chat: liquidity reaches all classes of investment
2014-05-27 17:35:04 [Message] fib_1618 -> Chat: not just stocks
2014-05-27 17:35:21 [Message] fib_1618 -> Chat: you're a subscriber to the Weekly Breadth charts Princely
2014-05-27 17:35:28 [Message] fib_1618 -> Chat: so you know what's going on right now
2014-05-27 17:35:30 [Message] PrincelyM -> Chat: ok
2014-05-27 17:35:34 [Message] PrincelyM -> Chat: yes i am
2014-05-27 17:35:39 [Message] fib_1618 -> Chat: but here's the trick
2014-05-27 17:35:46 [Message] PrincelyM -> Chat: real estate is a little grey to me
2014-05-27 17:35:48 [Message] fib_1618 -> Chat: you still need to negotiate your best price
2014-05-27 17:35:53 [Message] PrincelyM -> Chat: sure
2014-05-27 17:35:54 [Message] fib_1618 -> Chat: would this be your first home?
2014-05-27 17:35:58 [Message] PrincelyM -> Chat: Yes
2014-05-27 17:36:04 [Message] fib_1618 -> Chat: do NOT get a condo
2014-05-27 17:36:06 [Message] fib_1618 -> Chat: do NOT rent
2014-05-27 17:36:12 [Message] fib_1618 -> Chat: when you have the down payment (20% or more)
2014-05-27 17:36:18 [Message] fib_1618 -> Chat: and your credit score is high
2014-05-27 17:36:19 [Message] PrincelyM -> Chat: hmmn ok
2014-05-27 17:36:23 [Message] fib_1618 -> Chat: this is the time to accumulate
2014-05-27 17:36:23 [Message] PrincelyM -> Chat: renting now
2014-05-27 17:36:27 [Message] PrincelyM -> Chat: ok
2014-05-27 17:36:33 [Message] fib_1618 -> Chat: and...here's what you know
2014-05-27 17:36:46 [Message] fib_1618 -> Chat: rents are higher than mortgages right now, right?
2014-05-27 17:36:51 [Message] PrincelyM -> Chat: yes
2014-05-27 17:36:53 [Message] PrincelyM -> Chat: more or less
2014-05-27 17:36:59 [Message] fib_1618 -> Chat: so why not take advantage of that?
2014-05-27 17:37:06 [Message] PrincelyM -> Chat: I agree
2014-05-27 17:37:13 [Message] fib_1618 -> Chat: trying to think
2014-05-27 17:37:18 [Message] fib_1618 -> Chat: you know
2014-05-27 17:37:20 [Message] fib_1618 -> Chat: in Ohio
2014-05-27 17:37:27 [Message] PrincelyM -> Chat: only thing is if I will be right here 6 months from now
2014-05-27 17:37:30 [Message] PrincelyM -> Chat: so
2014-05-27 17:37:33 [Message] fib_1618 -> Chat: there is an outfit that does triple lease investments
2014-05-27 17:37:38 [Message] PrincelyM -> Chat: that is the personal challenge
2014-05-27 17:37:40 [Message] PrincelyM -> Chat: but still
2014-05-27 17:37:53 [Message] PrincelyM -> Chat: i was trying to get a general view
2014-05-27 17:37:54 [Message] fib_1618 -> Chat: well...everyone has a different plan and lifestyle
2014-05-27 17:38:11 [Message] fib_1618 -> Chat: I believe that money continues support real estate
2014-05-27 17:38:14 [Message] fib_1618 -> Chat: and that's good enough for me
2014-05-27 17:38:23 [Message] fib_1618 -> Chat: just make sure you buy your own land
2014-05-27 17:38:26 [Message] PrincelyM -> Chat: ok good.
2014-05-27 17:38:30 [Message] fib_1618 -> Chat: you're in Texas?
2014-05-27 17:38:33 [Message] PrincelyM -> Chat: Yes
2014-05-27 17:38:39 [Message] PrincelyM -> Chat: Austin area
2014-05-27 17:38:49 [Message] fib_1618 -> Chat: Austin or San Antonio are the best right now
2014-05-27 17:38:55 [Message] PrincelyM -> Chat: hmmn
2014-05-27 17:38:56 [Message] fib_1618 -> Chat: than you need to get an agent
2014-05-27 17:39:00 [Message] fib_1618 -> Chat: and have them work for you
2014-05-27 17:39:05 [Message] PrincelyM -> Chat: hmmn ok
2014-05-27 17:39:13 [Message] fib_1618 -> Chat: you don't have to commit
2014-05-27 17:39:16 [Message] PrincelyM -> Chat: right
2014-05-27 17:39:23 [Message] fib_1618 -> Chat: it can be an investment if the price is right
2014-05-27 17:39:25 [Message] PrincelyM -> Chat: Thanks for the thoughts
2014-05-27 17:39:29 [Message] fib_1618 -> Chat: or you can be your own landlord
2014-05-27 17:39:29 [Message] PrincelyM -> Chat: yep
2014-05-27 17:39:35 [Message] PrincelyM -> Chat: [smile]
2014-05-27 17:39:35 [Message] fib_1618 -> Chat: at least look into it
2014-05-27 17:39:51 [Message] fib_1618 -> Chat: education is always a great start
2014-05-27 17:40:01 [Message] fib_1618 -> Chat: ask people that own a home what they think about the market
2014-05-27 17:40:06 [Message] PrincelyM -> Chat: ok
2014-05-27 17:40:08 [Message] fib_1618 -> Chat: everyone has an opinion
2014-05-27 17:40:11 [Message] PrincelyM -> Chat: sure
2014-05-27 17:40:14 [Message] fib_1618 -> Chat: here in California
2014-05-27 17:40:35 [Message] fib_1618 -> Chat: our RE is up about 30% in the last 18 months
2014-05-27 17:40:48 [Message] thespookyone -> Chat: My house went up 70K last year, the taxes are a bummer...
2014-05-27 17:40:50 [Message] PrincelyM -> Chat: wow
2014-05-27 17:40:57 [Message] fib_1618 -> Chat: and that's something you must also consider
2014-05-27 17:41:02 [Message] fib_1618 -> Chat: just like buying a car
2014-05-27 17:41:11 [Message] PrincelyM -> Chat: sure
2014-05-27 17:41:14 [Message] fib_1618 -> Chat: you have also look into the cost of the property to maintain it
2014-05-27 17:41:36 [Message] fib_1618 -> Chat: things like property taxes...insurance...maintenance...these things are part of the package
2014-05-27 17:41:54 [Message] fib_1618 -> Chat: here's the bottom line with me and property that I live in
2014-05-27 17:42:04 [Message] fib_1618 -> Chat: I don't buy real estate to sell
2014-05-27 17:42:13 [Message] fib_1618 -> Chat: I buy real estate to have a roof over my head
2014-05-27 17:42:23 [Message] fib_1618 -> Chat: now...sometimes it makes sense to sell
2014-05-27 17:42:28 [Message] PrincelyM -> Chat: I am of the same mentality Dave
2014-05-27 17:42:32 [Message] PrincelyM -> Chat: but still
2014-05-27 17:42:40 [Message] fib_1618 -> Chat: but most go in with the idea that they want to make a killing
2014-05-27 17:42:43 [Message] PrincelyM -> Chat: getting a bargain - or best prices
2014-05-27 17:42:48 [Message] fib_1618 -> Chat: sort of like the bears on message boards
2014-05-27 17:42:49 [Message] PrincelyM -> Chat: if you know what I mean
2014-05-27 17:42:51 [Message] fib_1618 -> Chat: yep
2014-05-27 17:43:01 [Message] fib_1618 -> Chat: this is why you need an agent
2014-05-27 17:43:09 [Message] PrincelyM -> Chat: ok
2014-05-27 17:43:10 [Message] fib_1618 -> Chat: they get the inside scoop on things
2014-05-27 17:43:14 [Message] PrincelyM -> Chat: ok
2014-05-27 17:43:22 [Message] fib_1618 -> Chat: and it's better to have them hold your hand on your first buy
2014-05-27 17:43:31 [Message] fib_1618 -> Chat: and learn from it
2014-05-27 17:43:32 [Message] PrincelyM -> Chat: yes sure
2014-05-27 17:43:36 [Message] fib_1618 -> Chat: anything else?
2014-05-27 17:43:37 [Message] PrincelyM -> Chat: makes sense
2014-05-27 17:43:42 [Message] PrincelyM -> Chat: nope
2014-05-27 17:43:51 [Message] PrincelyM -> Chat: you have a good night
2014-05-27 17:44:02 [Message] fib_1618 -> Chat: [smile]
2014-05-27 17:44:03 [Message] PrincelyM -> Chat: Lew you too
2014-05-27 17:44:04 [Message] fib_1618 -> Chat: thank you
2014-05-27 17:44:12 [Message] fib_1618 -> Chat: OK...I'm going to take off
2014-05-27 17:44:16 [Message] PrincelyM -> Chat: bye
2014-05-27 17:44:19 [Message] fib_1618 -> Chat: you all have a great couple of days
2014-05-27 17:44:22 [Message] thespookyone -> Chat: thx, both you two as well!
2014-05-27 17:44:24 [Message] fib_1618 -> Chat: and we'll do this again on Thursday
2014-05-27 17:44:26 [Message] fib_1618 -> Chat: good night
2014-05-27 17:44:28 [Message] PrincelyM -> Chat: tnx
2014-05-27 17:44:32 [Message] PrincelyM -> Chat: gn

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