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fib_1618

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Reply with quote  #1 
2014-06-17 16:00:07 [Message] fib_1618 -> Chat: good day
2014-06-17 16:00:10 [Message] fib_1618 -> Chat: how is everyone?
2014-06-17 16:00:23 [Message] rite01 -> Chat: Great!
2014-06-17 16:02:29 [Message] thespookyone -> Chat: Very Well, thx
2014-06-17 16:02:52 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2014-06-17 16:03:13 [Message] rite01 -> Chat: Not yet
2014-06-17 16:03:26 [Message] fib_1618 -> Chat: :)
2014-06-17 16:03:31 [Message] thespookyone -> Chat: market seems fairly buoyant
2014-06-17 16:03:39 [Message] fib_1618 -> Chat: it do :)
2014-06-17 16:03:51 [Message] fib_1618 -> Chat: hard to decline when you have the MCSUM's as high as they are
2014-06-17 16:04:03 [Message] thespookyone -> Chat: yep
2014-06-17 16:04:17 [Message] fib_1618 -> Chat: need one more minute and we'll get started
2014-06-17 16:04:51 [Message] rite01 -> Chat: Hi Spooky
2014-06-17 16:05:27 [Message] thespookyone -> Chat: Hey buddy
2014-06-17 16:05:57 [Message] thespookyone -> Chat: hows the learning going?
2014-06-17 16:06:06 [Message] rite01 -> Chat: Can not wait to start learning even more
2014-06-17 16:06:38 [Message] thespookyone -> Chat: there is a lot of nuance-but when you get it-it's GOLD!
2014-06-17 16:07:17 [Message] fib_1618 -> Chat: OK...let's get SC up and get a move on
2014-06-17 16:07:37 [Message] thespookyone -> Chat: and, Fib can help in guiding you to good trading in general
2014-06-17 16:08:02 [Message] fib_1618 -> Chat: we had several small point changes on Friday
2014-06-17 16:08:06 [Message] rite01 -> Chat: Right spooky
2014-06-17 16:08:11 [Message] fib_1618 -> Chat: let me check today's data for a moment
2014-06-17 16:08:52 [Message] fib_1618 -> Chat: OK...small point changes on the OEX and Dow breadth MCO's
2014-06-17 16:09:03 [Message] fib_1618 -> Chat: need paper to keep track...one more sec
2014-06-17 16:09:40 [Message] fib_1618 -> Chat: after moving slightly below the zero line last week
2014-06-17 16:09:53 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO continues to show progress to the upside
2014-06-17 16:10:11 [Message] fib_1618 -> Chat: and is now back above this same line of neutrality between buyers and sellers
2014-06-17 16:10:30 [Message] fib_1618 -> Chat: the components themselves are back to a crossover buy signal now
2014-06-17 16:10:56 [Message] rite01 -> Chat: Could you explain the cross over signal
2014-06-17 16:11:07 [Message] fib_1618 -> Chat: and it would appear that we have ended an inverted "ledge" structure on the NYSE CO breadth MCSUM
2014-06-17 16:11:14 [Message] fib_1618 -> Chat: yes..at the bottom of the combo chart
2014-06-17 16:11:18 [Message] fib_1618 -> Chat: you will see the components
2014-06-17 16:11:25 [Message] thespookyone -> Chat: was going to ask about the inverted ledge, thx
2014-06-17 16:11:47 [Message] fib_1618 -> Chat: the faster component is the 10% Index or the 19 day EMA of the advance/decline line
2014-06-17 16:12:09 [Message] fib_1618 -> Chat: the slower component is the 5% Index or the 39 day EMA of this same advance/decline line
2014-06-17 16:12:44 [Message] fib_1618 -> Chat: ideally you want to see the shorter term Index leading the slower term Index in the direction in which money is moving
2014-06-17 16:12:46 [Message] fib_1618 -> Chat: this is because
2014-06-17 16:12:52 [Message] fib_1618 -> Chat: the only way that this can happen
2014-06-17 16:12:56 [Message] fib_1618 -> Chat: the "crossover"
2014-06-17 16:13:14 [Message] fib_1618 -> Chat: is if this same shorter term EMA is moving faster than the medium term EMA
2014-06-17 16:13:26 [Message] rite01 -> Chat: Ok got it
2014-06-17 16:13:28 [Message] fib_1618 -> Chat: this would then indicate that the A/D line itself is either moving higher or lower depending on which side of the zero line you are
2014-06-17 16:13:32 [Message] fib_1618 -> Chat: :)
2014-06-17 16:13:38 [Message] fib_1618 -> Chat: remember...
2014-06-17 16:13:45 [Message] fib_1618 -> Chat: we're dealing with the velocity of money
2014-06-17 16:13:48 [Message] fib_1618 -> Chat: and it's direction
2014-06-17 16:13:59 [Message] fib_1618 -> Chat: the quicker money is moving in or out of the market
2014-06-17 16:14:19 [Message] fib_1618 -> Chat: the better the development for prices to TREND in that same direction
2014-06-17 16:14:28 [Message] fib_1618 -> Chat: if the market is out of sync
2014-06-17 16:14:44 [Message] fib_1618 -> Chat: then it's like a back fire in the engine of a car (for example)
2014-06-17 16:14:51 [Message] fib_1618 -> Chat: you'll move forward
2014-06-17 16:15:02 [Message] fib_1618 -> Chat: but it will come with many misfires...
2014-06-17 16:15:13 [Message] fib_1618 -> Chat: hurky jerky movements
2014-06-17 16:15:21 [Message] fib_1618 -> Chat: here's another way to think of it
2014-06-17 16:15:42 [Message] fib_1618 -> Chat: think of money as fuel
2014-06-17 16:16:00 [Message] fib_1618 -> Chat: the MCO measures the speed in which this fuel is being used to move the car forward
2014-06-17 16:16:23 [Message] fib_1618 -> Chat: like your speedometer...you can then gauge how far you're likely to travel
2014-06-17 16:16:29 [Message] fib_1618 -> Chat: and that comes with the MCSUM
2014-06-17 16:16:34 [Message] fib_1618 -> Chat: as the more fuel you use
2014-06-17 16:17:03 [Message] fib_1618 -> Chat: the further the distance before the car would eventually halt its forward progress if and when you finally take your foot off the accelerator pedal
2014-06-17 16:17:15 [Message] fib_1618 -> Chat: the heavier the foot
2014-06-17 16:17:21 [Message] fib_1618 -> Chat: the more fuel used
2014-06-17 16:17:29 [Message] fib_1618 -> Chat: and the greater distance traveled
2014-06-17 16:17:58 [Message] fib_1618 -> Chat: so the components help us to determine if this fuel is being used efficiently
2014-06-17 16:18:18 [Message] fib_1618 -> Chat: while the MCO measures the energy output of this same efficiency
2014-06-17 16:18:58 [Message] fib_1618 -> Chat: and the MCSUM then track our ideal progress as if we were on a flat road with nothing impeding our forward progress (like a stop sign or traffic light or traffic)
2014-06-17 16:19:17 [Message] fib_1618 -> Chat: so when you have everything moving in the same direction
2014-06-17 16:19:19 [Message] fib_1618 -> Chat: at the same time
2014-06-17 16:19:28 [Message] fib_1618 -> Chat: then you will tend to "impulse"
2014-06-17 16:19:43 [Message] fib_1618 -> Chat: with me so far?
2014-06-17 16:19:50 [Message] rite01 -> Chat: Great detailed example
2014-06-17 16:20:09 [Message] fib_1618 -> Chat: OK...now what about the inverted ledge Lew?
2014-06-17 16:20:39 [Message] fib_1618 -> Chat: he probably stepped away
2014-06-17 16:20:44 [Message] rite01 -> Chat: What is that?
2014-06-17 16:20:55 [Message] fib_1618 -> Chat: :)
2014-06-17 16:21:01 [Message] fib_1618 -> Chat: you taking notes Mike?
2014-06-17 16:21:11 [Message] thespookyone -> Chat: I had noticed it, but thought you might confirm it, you did. It has a bearing on where we are in the move, no?
2014-06-17 16:21:11 [Message] rite01 -> Chat: Always
2014-06-17 16:21:17 [Message] fib_1618 -> Chat: yes
2014-06-17 16:21:21 [Message] fib_1618 -> Chat: to Lew
2014-06-17 16:21:27 [Message] fib_1618 -> Chat: OK...when you look at the MCSUM
2014-06-17 16:21:42 [Message] fib_1618 -> Chat: what you see with each individual posting (dot)
2014-06-17 16:22:01 [Message] fib_1618 -> Chat: is the daily numbers of the MCO showing how fast money is moving into or out of the market
2014-06-17 16:22:10 [Message] fib_1618 -> Chat: the further the separation of the postings
2014-06-17 16:22:17 [Message] fib_1618 -> Chat: the higher the velocity (or speed) of which money either moving in or out
2014-06-17 16:22:25 [Message] fib_1618 -> Chat: but as we know all to well in life
2014-06-17 16:22:30 [Message] fib_1618 -> Chat: energy is finite
2014-06-17 16:22:41 [Message] fib_1618 -> Chat: before we have to go somewhere to get more fuel
2014-06-17 16:23:18 [Message] fib_1618 -> Chat: these are seen in the MCSUM in the form of "ledges", "fishhooks" or hesitation points in the pattern
2014-06-17 16:23:42 [Message] fib_1618 -> Chat: where the hesitation points are more like taking your foot off the accelerator pedal
2014-06-17 16:23:49 [Message] fib_1618 -> Chat: there is a lot to learn here
2014-06-17 16:23:53 [Message] fib_1618 -> Chat: but the bottom line is
2014-06-17 16:23:59 [Message] fib_1618 -> Chat: that like a cruise ship
2014-06-17 16:24:14 [Message] fib_1618 -> Chat: the market can NOT turn around and go the other way with a snap of a finger
2014-06-17 16:24:29 [Message] fib_1618 -> Chat: it takes its time to arch around into this new direction
2014-06-17 16:24:41 [Message] fib_1618 -> Chat: this is why when the MCSUM is either moving higher or lower
2014-06-17 16:25:10 [Message] fib_1618 -> Chat: it takes time for the momentum of the thrust provided by this money acceleration to lose its momentum
2014-06-17 16:25:20 [Message] fib_1618 -> Chat: one of Newton's Laws of motion
2014-06-17 16:25:45 [Message] fib_1618 -> Chat: that things move forward until an equal and opposite force is applied
2014-06-17 16:26:03 [Message] fib_1618 -> Chat: so one of the better things that you'll take away from this information is that
2014-06-17 16:26:10 [Message] fib_1618 -> Chat: there is always time to reposition
2014-06-17 16:26:22 [Message] fib_1618 -> Chat: as you will see this loss of momentum
2014-06-17 16:26:30 [Message] fib_1618 -> Chat: and the implied change in direction
2014-06-17 16:26:46 [Message] fib_1618 -> Chat: well before 99% of others who either trade technically or fundamentally will see it
2014-06-17 16:27:03 [Message] fib_1618 -> Chat: now...
2014-06-17 16:27:08 [Message] fib_1618 -> Chat: generally speaking
2014-06-17 16:27:23 [Message] fib_1618 -> Chat: ledges and fishhooks are noted during times in which money is moving out of the markets
2014-06-17 16:27:46 [Message] fib_1618 -> Chat: these formations form directly after selling climaxes
2014-06-17 16:28:06 [Message] fib_1618 -> Chat: when all of the willing sellers capitulate
2014-06-17 16:28:29 [Message] fib_1618 -> Chat: it is after this pause where the majority see what kind of damage was done
2014-06-17 16:28:39 [Message] fib_1618 -> Chat: where we then see the UNwilling sellers capitulate
2014-06-17 16:28:43 [Message] fib_1618 -> Chat: so more times than not
2014-06-17 16:29:03 [Message] fib_1618 -> Chat: whenever we notice these patterns (ledges and fishhooks)
2014-06-17 16:29:22 [Message] fib_1618 -> Chat: it tells us that we are close to a tradable bottom in the price structure
2014-06-17 16:29:54 [Message] fib_1618 -> Chat: we'll go over all of this as things continue to evolve
2014-06-17 16:29:56 [Message] thespookyone -> Chat: The reason I brought up the inverted ledge, Mike, is because it can indicate where you are in the current market segment-which can help guide your trades in a ST sense
2014-06-17 16:29:58 [Message] fib_1618 -> Chat: lots to learn
2014-06-17 16:30:09 [Message] fib_1618 -> Chat: that would be correct
2014-06-17 16:30:10 [Message] fib_1618 -> Chat: however
2014-06-17 16:30:13 [Message] fib_1618 -> Chat: we have to remember
2014-06-17 16:30:38 [Message] fib_1618 -> Chat: that the better forecasting outcome of a ledge is during sequences when money is moving out
2014-06-17 16:30:43 [Message] fib_1618 -> Chat: as opposed to it moving in
2014-06-17 16:30:59 [Message] fib_1618 -> Chat: now...with this knowledge
2014-06-17 16:31:06 [Message] fib_1618 -> Chat: let's go back to the CO chart for a moment
2014-06-17 16:31:41 [Message] fib_1618 -> Chat: and we notice the inverted ledge - that is - a platform where the pattern can "fall off of" but to the upside
2014-06-17 16:31:46 [Message] fib_1618 -> Chat: but more importantly
2014-06-17 16:31:59 [Message] fib_1618 -> Chat: what happened with the individual postings in the MCSUM prior to this formation?
2014-06-17 16:32:09 [Message] fib_1618 -> Chat: were they congested?
2014-06-17 16:32:28 [Message] fib_1618 -> Chat: or did they expand to their greatest distance before the pause?
2014-06-17 16:32:32 [Message] rite01 -> Chat: Yes
2014-06-17 16:32:49 [Message] thespookyone -> Chat: yes, before the pause
2014-06-17 16:32:59 [Message] fib_1618 -> Chat: OK...so you see an example of an internal blow off
2014-06-17 16:33:13 [Message] fib_1618 -> Chat: the further the separation of postings
2014-06-17 16:33:18 [Message] fib_1618 -> Chat: the least likely it will continue
2014-06-17 16:33:25 [Message] fib_1618 -> Chat: a lot of this is physics
2014-06-17 16:33:52 [Message] fib_1618 -> Chat: sort of like stretching out a rubber band as far as it will go and then releasing it
2014-06-17 16:34:13 [Message] fib_1618 -> Chat: there will be better examples as we move along
2014-06-17 16:34:22 [Message] fib_1618 -> Chat: back to work
2014-06-17 16:34:42 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2014-06-17 16:34:56 [Message] fib_1618 -> Chat: and here we also see the same kind of structure that we saw in the CO data
2014-06-17 16:34:57 [Message] fib_1618 -> Chat: however
2014-06-17 16:35:06 [Message] fib_1618 -> Chat: there is a difference here in its interpretation
2014-06-17 16:35:17 [Message] fib_1618 -> Chat: since this MCO is still below its zero line
2014-06-17 16:35:41 [Message] fib_1618 -> Chat: we can only say that traders are basically neutral on a short term trending basis going into the FED meeting on Wednesday
2014-06-17 16:36:14 [Message] fib_1618 -> Chat: this also tells us that the interest rate sensitive issues that trade on the NYSE are holding things back since the common only stocks are leading and above their MCO zero line
2014-06-17 16:36:27 [Message] fib_1618 -> Chat: putting this together then
2014-06-17 16:36:36 [Message] fib_1618 -> Chat: whatever the market does near term
2014-06-17 16:36:50 [Message] fib_1618 -> Chat: it will likely be on the back of the interest rate sensitive issues that will determine this same outcome
2014-06-17 16:36:57 [Message] fib_1618 -> Chat: since we're at the zero line
2014-06-17 16:37:06 [Message] fib_1618 -> Chat: where one side can now take control of the action
2014-06-17 16:37:23 [Message] fib_1618 -> Chat: our experience in such things tells us that with the commons leading higher here
2014-06-17 16:37:39 [Message] fib_1618 -> Chat: we're probably going to see some sort of downside resolution to whatever is said tomorrow
2014-06-17 16:37:47 [Message] fib_1618 -> Chat: but again
2014-06-17 16:37:54 [Message] fib_1618 -> Chat: this is only the NYSE Composite
2014-06-17 16:38:02 [Message] fib_1618 -> Chat: which...is nothing to discount to be sure
2014-06-17 16:38:14 [Message] fib_1618 -> Chat: but this is why we follow more than just the parent here
2014-06-17 16:38:31 [Message] fib_1618 -> Chat: now...look at the components here
2014-06-17 16:38:35 [Message] fib_1618 -> Chat: what do you see?
2014-06-17 16:38:47 [Message] fib_1618 -> Chat: right...they are not on a crossover buy right now
2014-06-17 16:39:15 [Message] fib_1618 -> Chat: so it's then likely that today's breadth plurality numbers are probably narrow...let me check
2014-06-17 16:39:31 [Message] fib_1618 -> Chat: not bad really
2014-06-17 16:39:38 [Message] thespookyone -> Chat: nope
2014-06-17 16:39:40 [Message] fib_1618 -> Chat: 1931/1190
2014-06-17 16:39:46 [Message] fib_1618 -> Chat: but remember
2014-06-17 16:40:04 [Message] fib_1618 -> Chat: the MCO is based on the exponential moving averages of the A/D line
2014-06-17 16:40:18 [Message] fib_1618 -> Chat: it will take greater strength to move the MCO higher
2014-06-17 16:40:52 [Message] fib_1618 -> Chat: than it would to moving it lower as the last number has the greater weighting in the period covered
2014-06-17 16:41:12 [Message] fib_1618 -> Chat: and this is why these tools are so effective
2014-06-17 16:41:48 [Message] fib_1618 -> Chat: because it allows us to "lead off" in anticipation of a measured move in prices from 1 to 2 days before it actually occurs
2014-06-17 16:42:05 [Message] fib_1618 -> Chat: as breadth leads the direction of price
2014-06-17 16:42:17 [Message] rite01 -> Chat: Can not wait to fully understand all this
2014-06-17 16:42:28 [Message] fib_1618 -> Chat: don't rush
2014-06-17 16:42:37 [Message] fib_1618 -> Chat: it takes time
2014-06-17 16:42:45 [Message] fib_1618 -> Chat: it took me 20 years! :)
2014-06-17 16:43:09 [Message] thespookyone -> Chat: it took me less-but he beat it into me LOL
2014-06-17 16:43:25 [Message] rite01 -> Chat: good cause may take some time and hopefully with all you guys help not that long
2014-06-17 16:43:43 [Message] fib_1618 -> Chat: well...I say 20 because I learned but I still had problems putting it into practice
2014-06-17 16:43:50 [Message] fib_1618 -> Chat: to have the confidence and the discipline to make it work
2014-06-17 16:43:58 [Message] fib_1618 -> Chat: this is why...today
2014-06-17 16:44:18 [Message] fib_1618 -> Chat: I can look at the charts on the spur of the moment and make a quick analytical decision
2014-06-17 16:44:21 [Message] fib_1618 -> Chat: and why
2014-06-17 16:44:41 [Message] fib_1618 -> Chat: I can go on any message board, or listen to any talking head, and it won't change my mind at all
2014-06-17 16:44:55 [Message] fib_1618 -> Chat: forward
2014-06-17 16:44:58 [Message] rite01 -> Chat: Usually first guess is the right one
2014-06-17 16:45:13 [Message] fib_1618 -> Chat: with this information
2014-06-17 16:45:18 [Message] fib_1618 -> Chat: you will no longer need to guess
2014-06-17 16:45:30 [Message] rite01 -> Chat: even better
2014-06-17 16:45:31 [Message] thespookyone -> Chat: doesn't that inverted ledge on the commons point to a move left?
2014-06-17 16:46:06 [Message] fib_1618 -> Chat: yes...the inverted ledge gives us the expectation that we're still likely to have one move more higher in the MCSUM
2014-06-17 16:46:08 [Message] fib_1618 -> Chat: which also means
2014-06-17 16:46:16 [Message] fib_1618 -> Chat: the MCO will be back above its zero line for a bit
2014-06-17 16:46:32 [Message] fib_1618 -> Chat: but we'll have to see how much fuel is in the tank to make it "go"
2014-06-17 16:46:55 [Message] thespookyone -> Chat: cool, just making sure
2014-06-17 16:46:56 [Message] fib_1618 -> Chat: looking at the 21 day close up chart of the NYSE Composite MCSUM
2014-06-17 16:47:11 [Message] fib_1618 -> Chat: and you will see that the last several days of decline has been congested
2014-06-17 16:47:25 [Message] fib_1618 -> Chat: this then instructs us that selling has been muted so far
2014-06-17 16:47:35 [Message] fib_1618 -> Chat: and that the sellers have very little power at this time
2014-06-17 16:47:48 [Message] thespookyone -> Chat: do you get "gap resistance" on the way down?
2014-06-17 16:48:10 [Message] thespookyone -> Chat: or, I guess "support"?
2014-06-17 16:48:11 [Message] fib_1618 -> Chat: on the way up?
2014-06-17 16:48:32 [Message] thespookyone -> Chat: no, down, we are kind of in the gap from going up
2014-06-17 16:48:43 [Message] fib_1618 -> Chat: MCSUM "gap resistance" is the area in which we see the greatest extreme point in the MCO
2014-06-17 16:49:02 [Message] fib_1618 -> Chat: and yes...
2014-06-17 16:49:19 [Message] fib_1618 -> Chat: we have gap support at the area where we made our last higher high in the MCO
2014-06-17 16:49:21 [Message] fib_1618 -> Chat: right now
2014-06-17 16:49:26 [Message] fib_1618 -> Chat: on the RA MCSUM
2014-06-17 16:49:42 [Message] fib_1618 -> Chat: that's at...oh...we're in it now
2014-06-17 16:49:46 [Message] fib_1618 -> Chat: good eye Lew!
2014-06-17 16:50:01 [Message] thespookyone -> Chat: cool, was wondering... thx
2014-06-17 16:50:04 [Message] fib_1618 -> Chat: and until the sellers are able to fill that gap
2014-06-17 16:50:11 [Message] fib_1618 -> Chat: they have no real control of the action
2014-06-17 16:50:15 [Message] fib_1618 -> Chat: period, case closed
2014-06-17 16:50:17 [Message] fib_1618 -> Chat: and why the pullbacks lately have been shallow and short lived
2014-06-17 16:50:29 [Message] fib_1618 -> Chat: no matter how much they cheer-lead a potential for a top
2014-06-17 16:50:46 [Message] fib_1618 -> Chat: until money is able to break below this exhaustion point
2014-06-17 16:50:57 [Message] fib_1618 -> Chat: the trend is up until proven otherwise
2014-06-17 16:51:18 [Message] fib_1618 -> Chat: one other little tidbit of information
2014-06-17 16:51:24 [Message] fib_1618 -> Chat: comes with the NYA price chart itself
2014-06-17 16:51:44 [Message] fib_1618 -> Chat: which was able to not close higher for the 3rd straight day
2014-06-17 16:52:18 [Message] fib_1618 -> Chat: but did so above the close that came the day before last Thursday's panic decline
2014-06-17 16:52:23 [Message] fib_1618 -> Chat: so now
2014-06-17 16:52:26 [Message] fib_1618 -> Chat: as a chartist
2014-06-17 16:52:44 [Message] fib_1618 -> Chat: we now have, minimally speaking, our lower end of a potential trading range
2014-06-17 16:52:59 [Message] fib_1618 -> Chat: and with a little more fresh money
2014-06-17 16:53:13 [Message] fib_1618 -> Chat: another point from where prices found a bottom
2014-06-17 16:53:20 [Message] fib_1618 -> Chat: remember last Thursday?
2014-06-17 16:53:31 [Message] fib_1618 -> Chat: that we had the look of a capitulation move?
2014-06-17 16:53:46 [Message] fib_1618 -> Chat: remember the sentiment discussion we had?
2014-06-17 16:53:52 [Message] fib_1618 -> Chat: so far, so good
2014-06-17 16:54:11 [Message] rite01 -> Chat: Yes
2014-06-17 16:54:41 [Message] fib_1618 -> Chat: the NASDAQ price chart is now directly challenging the pattern highs of March
2014-06-17 16:54:56 [Message] fib_1618 -> Chat: so our technical expectation of minimally seeing this happen has now been met
2014-06-17 16:55:17 [Message] fib_1618 -> Chat: notice that we remain in a bullish crossover configuration with the NASDAQ MCO components
2014-06-17 16:55:40 [Message] fib_1618 -> Chat: which was something that was also discussed as being a reason why we could had seen a shake out completed last Thursday
2014-06-17 16:55:45 [Message] fib_1618 -> Chat: no confirmation...
2014-06-17 16:55:52 [Message] fib_1618 -> Chat: the NASDAQ wasn't leading...
2014-06-17 16:56:13 [Message] fib_1618 -> Chat: that the decline was heavily based on Dow and other global companies
2014-06-17 16:57:02 [Message] fib_1618 -> Chat: as we also discussed last week
2014-06-17 16:57:34 [Message] fib_1618 -> Chat: it will be important for the NASDAQ breadth MCSUM to clear its early April highs so that prices can also clear to new recovery highs
2014-06-17 16:58:01 [Message] fib_1618 -> Chat: what you will learn about the markets Mike is that everything MUST work together in order to get a desired results
2014-06-17 16:58:40 [Message] fib_1618 -> Chat: so it's no mere co-incidence that the MCSUM is knocking on this early April high at the same time that prices are also knocking at this same door of new highs
2014-06-17 16:58:49 [Message] fib_1618 -> Chat: without one occurring...the other can't be done
2014-06-17 16:58:54 [Message] fib_1618 -> Chat: this is why
2014-06-17 16:59:29 [Message] fib_1618 -> Chat: when you have read in the past when I've responded to some forecasts "Impossible, can't be done" this is where this information is provided to make such a bold statement
2014-06-17 16:59:59 [Message] fib_1618 -> Chat: every single dot on the MCSUM tells us a story
2014-06-17 17:00:03 [Message] rite01 -> Chat: Ok!
2014-06-17 17:00:07 [Message] fib_1618 -> Chat: direction
2014-06-17 17:00:10 [Message] fib_1618 -> Chat: how fast
2014-06-17 17:00:22 [Message] fib_1618 -> Chat: how many boats in the marina will participate
2014-06-17 17:00:43 [Message] fib_1618 -> Chat: and whether these boats can even get out of the marina!
2014-06-17 17:01:06 [Message] fib_1618 -> Chat: today for example
2014-06-17 17:01:23 [Message] fib_1618 -> Chat: notice the upside expansion post in the NASDAQ breadth MCSUM today
2014-06-17 17:01:30 [Message] fib_1618 -> Chat: now...why would this occur?
2014-06-17 17:01:34 [Message] fib_1618 -> Chat: because...
2014-06-17 17:01:46 [Message] fib_1618 -> Chat: money started to move in at an increasing speed today
2014-06-17 17:01:52 [Message] fib_1618 -> Chat: why would this happen?
2014-06-17 17:01:53 [Message] fib_1618 -> Chat: because...
2014-06-17 17:02:05 [Message] fib_1618 -> Chat: money knows what money likes and money likes to make more money
2014-06-17 17:02:22 [Message] fib_1618 -> Chat: so it moves in ADVANCE of the news that will make this idea a reality
2014-06-17 17:02:23 [Message] thespookyone -> Chat: :)
2014-06-17 17:02:23 [Message] fib_1618 -> Chat: so here
2014-06-17 17:02:32 [Message] fib_1618 -> Chat: unlike what we have in the NYSE
2014-06-17 17:02:40 [Message] fib_1618 -> Chat: the growth sector is betting on lower rates
2014-06-17 17:02:52 [Message] fib_1618 -> Chat: and lower rates means cheaper money to expand
2014-06-17 17:03:12 [Message] fib_1618 -> Chat: cheaper money to expand allows for growth
2014-06-17 17:03:31 [Message] fib_1618 -> Chat: "whispers"
2014-06-17 17:03:56 [Message] fib_1618 -> Chat: the NDX breadth MCO continues to trudge along higher
2014-06-17 17:04:13 [Message] fib_1618 -> Chat: but it's been enough of a move now to where the NDX breadth MCSUM made a higher high today
2014-06-17 17:04:46 [Message] fib_1618 -> Chat: where the pattern there would be more of a hesitation than that of a inverted ledge or fishhook
2014-06-17 17:05:08 [Message] fib_1618 -> Chat: so...it would seem that the NDX basket of stocks are "sneaking higher"
2014-06-17 17:05:15 [Message] fib_1618 -> Chat: under the radar
2014-06-17 17:05:20 [Message] fib_1618 -> Chat: while on the surface
2014-06-17 17:05:32 [Message] fib_1618 -> Chat: it just looks like a weak 3 day bounce
2014-06-17 17:05:46 [Message] fib_1618 -> Chat: but underneath it all, money is suggesting that it's more like an accumulation point
2014-06-17 17:06:22 [Message] fib_1618 -> Chat: one of the more important things that we learn in here is TRUE accumulation and distribution
2014-06-17 17:06:41 [Message] fib_1618 -> Chat: that can be verified and not just a passing comment to provoke a reaction
2014-06-17 17:07:01 [Message] fib_1618 -> Chat: so for the buyers
2014-06-17 17:07:14 [Message] fib_1618 -> Chat: they seem to be suggesting that they have control of the NDX for now
2014-06-17 17:07:33 [Message] fib_1618 -> Chat: but we would feel better to see more takers of this same opinion
2014-06-17 17:07:45 [Message] fib_1618 -> Chat: so hopefully we'll see follow through tomorrow on this
2014-06-17 17:07:53 [Message] fib_1618 -> Chat: and with this kind of information
2014-06-17 17:08:01 [Message] fib_1618 -> Chat: you can make a trade...oh, like
2014-06-17 17:08:07 [Message] fib_1618 -> Chat: moving long with a tight stop
2014-06-17 17:08:33 [Message] fib_1618 -> Chat: or you can be like someone from Missouri where you're looking for the buyers to "show me" the money first before making a trade in increasing your odds of success
2014-06-17 17:08:38 [Message] fib_1618 -> Chat: or...
2014-06-17 17:08:49 [Message] fib_1618 -> Chat: you can be patient and just wait for more information
2014-06-17 17:08:52 [Message] fib_1618 -> Chat: because, honestly
2014-06-17 17:09:07 [Message] fib_1618 -> Chat: even if you miss a 100 point Dow move in one direction or the other
2014-06-17 17:09:18 [Message] fib_1618 -> Chat: you're likely to see follow through on that
2014-06-17 17:10:09 [Message] fib_1618 -> Chat: the idea of being right at the turn, or forecasting the date in which this or that should happen, can have a dramatic negative effect on your monthly trading statement
2014-06-17 17:10:26 [Message] fib_1618 -> Chat: better to just go with the the (money) flow
2014-06-17 17:10:39 [Message] fib_1618 -> Chat: and let others worry about the why's and wherefores
2014-06-17 17:11:12 [Message] fib_1618 -> Chat: snapback up to the zero line also complete on the SPX breadth MCO
2014-06-17 17:11:28 [Message] fib_1618 -> Chat: also still on a crossover sell
2014-06-17 17:11:34 [Message] fib_1618 -> Chat: but both components remain positive
2014-06-17 17:11:38 [Message] fib_1618 -> Chat: which means
2014-06-17 17:11:53 [Message] thespookyone -> Chat: chop
2014-06-17 17:11:55 [Message] fib_1618 -> Chat: that both of the EMA's on the SPX AD chart are still rising
2014-06-17 17:12:05 [Message] fib_1618 -> Chat: and, yes, but with the usual chop that will come with it
2014-06-17 17:12:22 [Message] fib_1618 -> Chat: each inconsistency gives you different levels of chop
2014-06-17 17:12:26 [Message] fib_1618 -> Chat: for example
2014-06-17 17:12:57 [Message] fib_1618 -> Chat: a crossover sell while the components remain on above the zero line will give you intraday declines that are quickly absorbed
2014-06-17 17:13:31 [Message] fib_1618 -> Chat: with the MCO below the zero line, while one or none of the components are below this same zero line...gives you a daily chop
2014-06-17 17:13:54 [Message] fib_1618 -> Chat: with the MCO and it's components below the zero line, while the MCSUM is above its zero line, will give you a trading range of weeks
2014-06-17 17:14:00 [Message] fib_1618 -> Chat: with a high amount of chop
2014-06-17 17:14:03 [Message] fib_1618 -> Chat: because...
2014-06-17 17:14:11 [Message] fib_1618 -> Chat: the short term players are thinking sell
2014-06-17 17:14:20 [Message] fib_1618 -> Chat: but the longer term players are still in the buy camp
2014-06-17 17:14:26 [Message] fib_1618 -> Chat: so they fight it out for control
2014-06-17 17:14:36 [Message] fib_1618 -> Chat: which then means
2014-06-17 17:15:19 [Message] fib_1618 -> Chat: that prices can only trend if all of the McClellan's are on the same side of the zero line...with the 10% Trend leading the 5% Trend in this same direction
2014-06-17 17:15:27 [Message] fib_1618 -> Chat: one for all
2014-06-17 17:15:29 [Message] fib_1618 -> Chat: all for one
2014-06-17 17:16:00 [Message] fib_1618 -> Chat: as we pointed out earlier in the chat
2014-06-17 17:16:12 [Message] fib_1618 -> Chat: we have small point changes on the OEX and Dow breadth MCO's tonight
2014-06-17 17:16:19 [Message] fib_1618 -> Chat: in this case
2014-06-17 17:16:29 [Message] fib_1618 -> Chat: this would tell us that there is "tension on the tape"
2014-06-17 17:16:36 [Message] fib_1618 -> Chat: that we have "compression"
2014-06-17 17:16:41 [Message] fib_1618 -> Chat: and when we're compressed
2014-06-17 17:16:55 [Message] fib_1618 -> Chat: there is usually a big move coming once the coil is finally released
2014-06-17 17:17:14 [Message] fib_1618 -> Chat: and yes
2014-06-17 17:17:36 [Message] fib_1618 -> Chat: the slight curl to the downside in both the OEX and Dow breadth MCO's is something that needs our attention
2014-06-17 17:17:59 [Message] fib_1618 -> Chat: as the buyers will now have to step up to the bar and be counted
2014-06-17 17:18:23 [Message] fib_1618 -> Chat: or the bear market default of the stock market will naturally have its downside pull
2014-06-17 17:18:39 [Message] fib_1618 -> Chat: very much like gravity
2014-06-17 17:19:05 [Message] fib_1618 -> Chat: nice move in the MID index today
2014-06-17 17:19:14 [Message] fib_1618 -> Chat: but it looks like it only matched its all time highs at the close
2014-06-17 17:19:15 [Message] fib_1618 -> Chat: let me check
2014-06-17 17:19:47 [Message] fib_1618 -> Chat: .27 lower
2014-06-17 17:19:59 [Message] fib_1618 -> Chat: but new all time intraday highs
2014-06-17 17:20:21 [Message] fib_1618 -> Chat: and why couldn't the buyers hold prices above this old high?
2014-06-17 17:20:33 [Message] fib_1618 -> Chat: because they don't have a higher in the MID breadth MCSUM as yet
2014-06-17 17:20:44 [Message] fib_1618 -> Chat: it is always important that breadth leads prices
2014-06-17 17:20:58 [Message] fib_1618 -> Chat: whether it be on an intraday, daily, or weekly basis
2014-06-17 17:21:08 [Message] fib_1618 -> Chat: anytime we see prices leading breadth
2014-06-17 17:21:33 [Message] fib_1618 -> Chat: you can pretty much go "all in" in looking for a reset before this can be tried again
2014-06-17 17:22:14 [Message] rite01 -> Chat: Reset?
2014-06-17 17:22:15 [Message] fib_1618 -> Chat: the SML breadth MCO was able to move back above its zero line today
2014-06-17 17:22:25 [Message] fib_1618 -> Chat: a "reset" is when prices are leading breadth
2014-06-17 17:22:37 [Message] fib_1618 -> Chat: this creates a vacuum of sorts
2014-06-17 17:23:06 [Message] fib_1618 -> Chat: that is usually filled by prices moving back to a level in which money can, once again, have the opportunity to lead again
2014-06-17 17:23:14 [Message] rite01 -> Chat: ok!
2014-06-17 17:23:23 [Message] fib_1618 -> Chat: you'll see this a lot
2014-06-17 17:23:34 [Message] fib_1618 -> Chat: and usually its accompanied by a news event
2014-06-17 17:23:41 [Message] fib_1618 -> Chat: something that is emotional
2014-06-17 17:23:59 [Message] fib_1618 -> Chat: and this creates mini price blow offs
2014-06-17 17:24:22 [Message] fib_1618 -> Chat: with the SML breadth MCO moving higher
2014-06-17 17:24:30 [Message] fib_1618 -> Chat: this has now turned the SML breadth MCSUM higher
2014-06-17 17:24:45 [Message] fib_1618 -> Chat: where it will need to make new highs for prices to do the same
2014-06-17 17:24:54 [Message] fib_1618 -> Chat: for now
2014-06-17 17:25:27 [Message] fib_1618 -> Chat: we'll call this a small snapback pause to where the old highs of late April provided previous horizontal resistance
2014-06-17 17:25:58 [Message] fib_1618 -> Chat: and we've found good zero line support on the TM breadth MCO
2014-06-17 17:26:31 [Message] fib_1618 -> Chat: and this has now given us an upside expansion posting in the TM breadth MCSUM as it moves above the +500 level
2014-06-17 17:27:20 [Message] fib_1618 -> Chat: which is the level in which "escape velocity" from the bear market default is seen from where prices can then accelerate in the direction in which money is flowing
2014-06-17 17:27:22 [Message] fib_1618 -> Chat: so...
2014-06-17 17:27:37 [Message] fib_1618 -> Chat: we've seen good character over the last couple of days
2014-06-17 17:27:47 [Message] fib_1618 -> Chat: but it's been on the timid side so far
2014-06-17 17:28:06 [Message] fib_1618 -> Chat: and in need of a bullish jolt in order for prices to again trend higher
2014-06-17 17:28:19 [Message] fib_1618 -> Chat: in this example, to move to higher highs
2014-06-17 17:28:40 [Message] fib_1618 -> Chat: let's take a quick look at the volume McClellan's to see if we have any upside confirmation
2014-06-17 17:29:14 [Message] fib_1618 -> Chat: now...you can see how the NYSE CO volume MCO is now leading to the upside over its breadth cousin
2014-06-17 17:29:24 [Message] fib_1618 -> Chat: and the NYSE CO volume MCSUM has already moved to higher highs
2014-06-17 17:29:47 [Message] fib_1618 -> Chat: this is good news near term as it suggests that money has been moving in advance of a positive outcome
2014-06-17 17:30:05 [Message] fib_1618 -> Chat: now whether the FED provides this outcome
2014-06-17 17:30:20 [Message] fib_1618 -> Chat: or whether things take a turn for the good in Iraq
2014-06-17 17:30:41 [Message] fib_1618 -> Chat: or the jobless rate in some first world country is better than expected
2014-06-17 17:30:45 [Message] fib_1618 -> Chat: we never really know
2014-06-17 17:30:53 [Message] rite01 -> Chat: lol
2014-06-17 17:30:55 [Message] fib_1618 -> Chat: all we know is that money is showing a bullish resolution
2014-06-17 17:31:06 [Message] fib_1618 -> Chat: this is why we don't care about news events
2014-06-17 17:31:12 [Message] fib_1618 -> Chat: we don't care what others think
2014-06-17 17:31:22 [Message] fib_1618 -> Chat: all that matters is what direction money is moving
2014-06-17 17:31:38 [Message] fib_1618 -> Chat: and we'll leave the answers on why this is occurring for others to figure out
2014-06-17 17:32:00 [Message] fib_1618 -> Chat: looking at the NYSE Composite volume MCO
2014-06-17 17:32:11 [Message] fib_1618 -> Chat: and here we see the pattern developing "texture"
2014-06-17 17:32:16 [Message] fib_1618 -> Chat: which means
2014-06-17 17:32:23 [Message] fib_1618 -> Chat: we see the MCO moving back above the zero line
2014-06-17 17:32:30 [Message] fib_1618 -> Chat: snapped back to its zero line
2014-06-17 17:32:32 [Message] fib_1618 -> Chat: found support
2014-06-17 17:32:37 [Message] fib_1618 -> Chat: and then moves to a higher high
2014-06-17 17:32:47 [Message] fib_1618 -> Chat: this is a character move
2014-06-17 17:32:59 [Message] fib_1618 -> Chat: as it shows us the direction of least resistance
2014-06-17 17:33:33 [Message] fib_1618 -> Chat: and that provides the insight that the probabilities are better than even that prices will continue to move in this same direction over the next day or so
2014-06-17 17:33:40 [Message] fib_1618 -> Chat: no voodoo
2014-06-17 17:33:42 [Message] fib_1618 -> Chat: no guesses
2014-06-17 17:33:47 [Message] fib_1618 -> Chat: it is what it is
2014-06-17 17:33:51 [Message] fib_1618 -> Chat: no emotion
2014-06-17 17:34:08 [Message] fib_1618 -> Chat: look at the NYSE Composite volume MCSUM
2014-06-17 17:34:13 [Message] fib_1618 -> Chat: which direction is it going?
2014-06-17 17:34:15 [Message] fib_1618 -> Chat: up!
2014-06-17 17:34:27 [Message] fib_1618 -> Chat: so there is volume confirming the move in prices
2014-06-17 17:34:40 [Message] fib_1618 -> Chat: much to the dismay of those who believe otherwise
2014-06-17 17:35:14 [Message] fib_1618 -> Chat: look at the continued strength we see in the NASDAQ volume MCSUM today
2014-06-17 17:35:27 [Message] fib_1618 -> Chat: money would not be moving in order to be wrong
2014-06-17 17:35:49 [Message] thespookyone -> Chat: right below that 750 on the MCSUM, too
2014-06-17 17:35:59 [Message] fib_1618 -> Chat: the NDX volume MCSUM is challenging its 52 week highs
2014-06-17 17:36:02 [Message] fib_1618 -> Chat: yep
2014-06-17 17:36:20 [Message] thespookyone -> Chat: statement may be coming...
2014-06-17 17:36:20 [Message] fib_1618 -> Chat: and we're close here to the +1250 target on the NDX
2014-06-17 17:36:25 [Message] fib_1618 -> Chat: yep
2014-06-17 17:36:44 [Message] fib_1618 -> Chat: how about the SPX volume MCSUM?
2014-06-17 17:36:51 [Message] fib_1618 -> Chat: and as you look at this data
2014-06-17 17:36:54 [Message] thespookyone -> Chat: wow
2014-06-17 17:37:01 [Message] fib_1618 -> Chat: note the price pattern structure of these same indices
2014-06-17 17:37:15 [Message] fib_1618 -> Chat: and how shallow their pullbacks are
2014-06-17 17:37:33 [Message] fib_1618 -> Chat: although many still work with prices than percentages
2014-06-17 17:37:46 [Message] fib_1618 -> Chat: but that will have to change if one is to survive in a rising market
2014-06-17 17:37:48 [Message] fib_1618 -> Chat: because
2014-06-17 17:37:53 [Message] fib_1618 -> Chat: the higher you go
2014-06-17 17:38:02 [Message] fib_1618 -> Chat: the bigger the number it is for a 1% move
2014-06-17 17:38:07 [Message] fib_1618 -> Chat: right now
2014-06-17 17:38:09 [Message] fib_1618 -> Chat: for the SPX
2014-06-17 17:38:20 [Message] fib_1618 -> Chat: it's 19.42 points
2014-06-17 17:38:35 [Message] fib_1618 -> Chat: yes...that's a lot if you're on margin and you consider draw down
2014-06-17 17:38:59 [Message] fib_1618 -> Chat: so you better have the best information you can get to increase your odds of being right or you're going to be a cooked goose
2014-06-17 17:39:02 [Message] rite01 -> Chat: Why 750 MCSUM on NDX is important again?
2014-06-17 17:39:11 [Message] fib_1618 -> Chat: 250 multiples
2014-06-17 17:39:21 [Message] rite01 -> Chat: right
2014-06-17 17:39:28 [Message] fib_1618 -> Chat: each one provides natural support and resistance levels
2014-06-17 17:39:39 [Message] fib_1618 -> Chat: just as the 25 multiples in the MCO's do
2014-06-17 17:40:21 [Message] fib_1618 -> Chat: both the OEX and Dow volume MCSUM's are now "reaching" higher
2014-06-17 17:40:32 [Message] fib_1618 -> Chat: and this would suggest that the balance of power remains with the buyers
2014-06-17 17:40:45 [Message] fib_1618 -> Chat: as there isn't enough sellers to keep the market from "reaching"
2014-06-17 17:40:47 [Message] fib_1618 -> Chat: :)
2014-06-17 17:41:23 [Message] fib_1618 -> Chat: nice upside gap expansions as well in the MID and SML volume MCSUM's
2014-06-17 17:42:10 [Message] fib_1618 -> Chat: and trend of positive volume plurality remains strong for the intermediate term as shown in the TM volume MCSUM
2014-06-17 17:42:15 [Message] fib_1618 -> Chat: so...
2014-06-17 17:42:23 [Message] fib_1618 -> Chat: we have volume leading breadth to the upside
2014-06-17 17:42:36 [Message] fib_1618 -> Chat: which would then suggest that once any indecision is finally known
2014-06-17 17:42:45 [Message] fib_1618 -> Chat: the odds favor further upside in prices near term
2014-06-17 17:43:02 [Message] fib_1618 -> Chat: moving to the OBV indicators (volume oscillators)
2014-06-17 17:43:35 [Message] fib_1618 -> Chat: CVI's are pretty much neutral here
2014-06-17 17:43:42 [Message] fib_1618 -> Chat: STVO's are also neutral
2014-06-17 17:43:51 [Message] fib_1618 -> Chat: so one side is about to take near term control
2014-06-17 17:43:59 [Message] fib_1618 -> Chat: and the VTO's are a bit frothy here
2014-06-17 17:44:10 [Message] fib_1618 -> Chat: but until the STVO's join in
2014-06-17 17:44:17 [Message] fib_1618 -> Chat: we have some room to play to the upside
2014-06-17 17:44:37 [Message] fib_1618 -> Chat: NYSE TRIN at .81
2014-06-17 17:44:50 [Message] fib_1618 -> Chat: Open 10 at .96
2014-06-17 17:44:54 [Message] fib_1618 -> Chat: purring along
2014-06-17 17:45:11 [Message] fib_1618 -> Chat: NASDAQ TRIN at .79
2014-06-17 17:45:27 [Message] fib_1618 -> Chat: Open 10 at .84
2014-06-17 17:45:35 [Message] fib_1618 -> Chat: closer to "overbought" than neutral
2014-06-17 17:45:48 [Message] fib_1618 -> Chat: but we can allow up to .70 before we need to be "concerned" there
2014-06-17 17:46:03 [Message] fib_1618 -> Chat: TM TRIN at .71
2014-06-17 17:46:10 [Message] fib_1618 -> Chat: people are buying ETF's evidently
2014-06-17 17:46:28 [Message] fib_1618 -> Chat: Open 10 at .86
2014-06-17 17:46:33 [Message] fib_1618 -> Chat: so...
2014-06-17 17:46:45 [Message] fib_1618 -> Chat: it would still appear that there are no changes to our blueprint
2014-06-17 17:47:02 [Message] fib_1618 -> Chat: as we continue to show a simple "pause to refresh" over the last several days
2014-06-17 17:47:18 [Message] fib_1618 -> Chat: the short term trend of volume is showing leadership to the upside
2014-06-17 17:47:32 [Message] fib_1618 -> Chat: but not all is in agreement on the breadth side of the fence
2014-06-17 17:47:38 [Message] fib_1618 -> Chat: and in some cases
2014-06-17 17:47:47 [Message] fib_1618 -> Chat: we have compression in the mega caps
2014-06-17 17:48:15 [Message] fib_1618 -> Chat: so we'll see how it goes tomorrow
2014-06-17 17:48:21 [Message] rite01 -> Chat: Bear with me cannot see where the number 750 in NDX charts on A visual glance l in any way would be important other than 250 increments. 
2014-06-17 17:48:28 [Message] fib_1618 -> Chat: but we remain friendly toward the market at this time
2014-06-17 17:48:31 [Message] fib_1618 -> Chat: anything else?
2014-06-17 17:49:25 [Message] fib_1618 -> Chat: it would be on the NASDAQ volume MCSUM not the NDX
2014-06-17 17:49:38 [Message] fib_1618 -> Chat: the current reading today is a +747
2014-06-17 17:49:51 [Message] fib_1618 -> Chat: so we either find some resistance here
2014-06-17 17:49:56 [Message] fib_1618 -> Chat: or blow through it
2014-06-17 17:50:10 [Message] fib_1618 -> Chat: can you find it?
2014-06-17 17:50:50 [Message] rite01 -> Chat: Yes can now was looking at the wrong chart... Never Mind
2014-06-17 17:51:01 [Message] fib_1618 -> Chat: not a problem
2014-06-17 17:51:06 [Message] thespookyone -> Chat: And, the higher you go, Mike, the harder it is for Bears to put any real selling together
2014-06-17 17:51:08 [Message] fib_1618 -> Chat: we all do it! :)
2014-06-17 17:51:18 [Message] fib_1618 -> Chat: or more to the point
2014-06-17 17:51:29 [Message] fib_1618 -> Chat: the more the "imbalance" there is between the sell side and the buy side
2014-06-17 17:51:38 [Message] fib_1618 -> Chat: this is where term "control" is important
2014-06-17 17:51:50 [Message] rite01 -> Chat: Thanks spooky
2014-06-17 17:52:02 [Message] DanD64 -> Chat: Is this a good setup for an extended, slow melt-up?
2014-06-17 17:52:05 [Message] thespookyone -> Chat: no prob
2014-06-17 17:52:23 [Message] fib_1618 -> Chat: first...Hi Dan!
2014-06-17 17:52:26 [Message] fib_1618 -> Chat: how are you?
2014-06-17 17:52:43 [Message] fib_1618 -> Chat: glad you could make it
2014-06-17 17:52:54 [Message] DanD64 -> Chat: Good, thanks.  Long time since I've participated in one of these.
2014-06-17 17:52:59 [Message] fib_1618 -> Chat: the answer is...
2014-06-17 17:53:13 [Message] fib_1618 -> Chat: the trend of least resistance is higher
2014-06-17 17:53:36 [Message] fib_1618 -> Chat: the greater the distance between the two EMA's (the higher the number in the MCSUM)
2014-06-17 17:53:45 [Message] fib_1618 -> Chat: the easier it is for prices to move in this same direction
2014-06-17 17:53:51 [Message] fib_1618 -> Chat: can we melt up?
2014-06-17 17:53:52 [Message] fib_1618 -> Chat: sure
2014-06-17 17:54:02 [Message] fib_1618 -> Chat: is it a reasonable expectation?
2014-06-17 17:54:06 [Message] fib_1618 -> Chat: probably not since these are rare events
2014-06-17 17:54:08 [Message] fib_1618 -> Chat: unless
2014-06-17 17:54:12 [Message] fib_1618 -> Chat: you're an Elliottician and playing the center point 3rd wave up card
2014-06-17 17:54:14 [Message] fib_1618 -> Chat: :)
2014-06-17 17:54:24 [Message] fib_1618 -> Chat: long and strong for now
2014-06-17 17:54:34 [Message] fib_1618 -> Chat: continue using your discipline
2014-06-17 17:54:39 [Message] fib_1618 -> Chat: and go about your business
2014-06-17 17:55:04 [Message] DanD64 -> Chat: Thank you.
2014-06-17 17:55:14 [Message] fib_1618 -> Chat: you know when we're likely to top here?
2014-06-17 17:55:40 [Message] fib_1618 -> Chat: when people don't jump on the bearish top wagon as quickly as they have continued to do over the last couple of months
2014-06-17 17:55:48 [Message] fib_1618 -> Chat: last week...we had ISEE at 76
2014-06-17 17:55:55 [Message] fib_1618 -> Chat: and being close to OPEX
2014-06-17 17:56:14 [Message] fib_1618 -> Chat: you just knew that "the boys" were going to let those put options expire worthless this week
2014-06-17 17:56:22 [Message] fib_1618 -> Chat: easy money
2014-06-17 17:56:38 [Message] fib_1618 -> Chat: and even if you're not a technician
2014-06-17 17:56:59 [Message] fib_1618 -> Chat: all one has to do is look at a longer term chart to make it all to clear on the primary direction we're on
2014-06-17 17:57:09 [Message] fib_1618 -> Chat: and why it's going to take a while to reverse
2014-06-17 17:57:21 [Message] fib_1618 -> Chat: and with that said
2014-06-17 17:57:26 [Message] fib_1618 -> Chat: we can now crash tomorrow lol
2014-06-17 17:57:38 [Message] fib_1618 -> Chat: anything else?
2014-06-17 17:58:12 [Message] fib_1618 -> Chat: everyone saw that the BETS moved higher last week in face of a down week?
2014-06-17 17:58:25 [Message] fib_1618 -> Chat: that's what you want to see
2014-06-17 17:58:35 [Message] fib_1618 -> Chat: money leading while emotions fizzle
2014-06-17 17:58:47 [Message] fib_1618 -> Chat: let me check the BETS real fast
2014-06-17 17:59:22 [Message] fib_1618 -> Chat: check the AMEX chart...it's going parabolic now
2014-06-17 18:00:23 [Message] fib_1618 -> Chat: +80
2014-06-17 18:00:26 [Message] fib_1618 -> Chat: up another 5 points
2014-06-17 18:00:35 [Message] fib_1618 -> Chat: Canada is streaking again to the upside
2014-06-17 18:00:42 [Message] fib_1618 -> Chat: which means commodities are doing well
2014-06-17 18:00:55 [Message] fib_1618 -> Chat: amazing stuff
2014-06-17 18:01:00 [Message] fib_1618 -> Chat: OK...if there's nothing else
2014-06-17 18:01:04 [Message] fib_1618 -> Chat: I'm going to take off
2014-06-17 18:01:11 [Message] rite01 -> Chat: Night Fib,Spooky, Dan
2014-06-17 18:01:15 [Message] fib_1618 -> Chat: everyone have a great couple of days
2014-06-17 18:01:23 [Message] fib_1618 -> Chat: and we'll do this all again on Thursday at the usual time
2014-06-17 18:01:25 [Message] fib_1618 -> Chat: good night
2014-06-17 18:01:30 [Message] DanD64 -> Chat: Night all!
2014-06-17 18:01:35 [Message] thespookyone -> Chat: cya

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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

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"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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