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fib_1618

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Posts: 4,865
Reply with quote  #1 
2014-06-19 16:01:12 [Message] fib_1618 -> Chat: good day
2014-06-19 16:01:17 [Message] fib_1618 -> Chat: how is everyone?
2014-06-19 16:01:44 [Message] rite01 -> Chat: Present
2014-06-19 16:02:30 [Message] fib_1618 -> Chat: :)
2014-06-19 16:02:54 [Message] fib_1618 -> Chat: seems like no one cares if the market goes up?!?
2014-06-19 16:03:16 [Message] rite01 -> Chat: What do you mean?
2014-06-19 16:03:48 [Message] fib_1618 -> Chat: we usually have more than just 2 or 3 in the chat room
2014-06-19 16:03:57 [Message] fib_1618 -> Chat: you should see this place when the market is declining :)
2014-06-19 16:04:39 [Message] rite01 -> Chat: I would think that they would check back in around market tops and bottoms
2014-06-19 16:04:44 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2014-06-19 16:05:02 [Message] fib_1618 -> Chat: yep
2014-06-19 16:05:20 [Message] fib_1618 -> Chat: hey! we closed up today!
2014-06-19 16:05:32 [Message] fib_1618 -> Chat: I thought we would be flat below yesterday's close
2014-06-19 16:05:36 [Message] fib_1618 -> Chat: ha!
2014-06-19 16:06:05 [Message] rite01 -> Chat: Just shows even you can be surprised
2014-06-19 16:06:13 [Message] fib_1618 -> Chat: :)
2014-06-19 16:07:36 [Message] fib_1618 -> Chat: OK...let's get SC up and get started
2014-06-19 16:07:54 [Message] rite01 -> Chat: Ok
2014-06-19 16:08:04 [Message] fib_1618 -> Chat: hmmm...looks like a small point change - let me check
2014-06-19 16:08:31 [Message] fib_1618 -> Chat: crumb
2014-06-19 16:08:33 [Message] fib_1618 -> Chat: DP is no more
2014-06-19 16:08:56 [Message] fib_1618 -> Chat: let's take a moment of silence in honor of the great information we've received there over the years...
2014-06-19 16:09:12 [Message] fib_1618 -> Chat: :(
2014-06-19 16:10:01 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO moved slightly lower today
2014-06-19 16:10:06 [Message] unc1998 -> Chat: I don't understand why stock charts can't show the mco daily accumulative reading
2014-06-19 16:10:07 [Message] fib_1618 -> Chat: in what looks to be a small point change
2014-06-19 16:10:14 [Message] fib_1618 -> Chat: I asked Carl about this
2014-06-19 16:10:29 [Message] fib_1618 -> Chat: and he told me that their software can not do this at this time
2014-06-19 16:10:35 [Message] fib_1618 -> Chat: it might change later on
2014-06-19 16:10:49 [Message] fib_1618 -> Chat: my suggestion is to write a note to SC and ask them about this
2014-06-19 16:10:54 [Message] fib_1618 -> Chat: the more people that request this
2014-06-19 16:10:57 [Message] unc1998 -> Chat: so he did it at decision point himself with his software?
2014-06-19 16:11:03 [Message] unc1998 -> Chat: i will request it
2014-06-19 16:11:04 [Message] fib_1618 -> Chat: the more requests they get, the more likely they'll find a way to find a solution
2014-06-19 16:11:11 [Message] fib_1618 -> Chat: yes
2014-06-19 16:11:23 [Message] fib_1618 -> Chat: Carl used Excel in Window 2000
2014-06-19 16:11:24 [Message] rite01 -> Chat: Me to
2014-06-19 16:11:52 [Message] fib_1618 -> Chat: and never upgraded or he would had lost this same data as well
2014-06-19 16:12:00 [Message] fib_1618 -> Chat: at least...that's what I was told when I asked
2014-06-19 16:12:11 [Message] fib_1618 -> Chat: it doesn't "seem" to be something that can't be done
2014-06-19 16:12:18 [Message] fib_1618 -> Chat: but looking at all of the DP charts
2014-06-19 16:12:37 [Message] fib_1618 -> Chat: they pretty much mimic the old styles except in instances such as this one
2014-06-19 16:12:47 [Message] fib_1618 -> Chat: sigh
2014-06-19 16:12:48 [Message] rite01 -> Chat: Will this hinder any reading the market in anyway?
2014-06-19 16:12:52 [Message] fib_1618 -> Chat: we'll do our best anyway
2014-06-19 16:12:55 [Message] fib_1618 -> Chat: nope
2014-06-19 16:13:03 [Message] fib_1618 -> Chat: you have me to help you! :)
2014-06-19 16:13:07 [Message] fib_1618 -> Chat: your fearless leader
2014-06-19 16:13:15 [Message] rite01 -> Chat: :D
2014-06-19 16:13:19 [Message] unc1998 -> Chat: :)
2014-06-19 16:13:37 [Message] fib_1618 -> Chat: OK...so we'll call it a small point change on the CO breadth MCO tonight
2014-06-19 16:14:00 [Message] fib_1618 -> Chat: which basically means there's "tension on the tape" near term with this basket of issues
2014-06-19 16:14:20 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO components remain on a buy signal
2014-06-19 16:14:38 [Message] fib_1618 -> Chat: while the NYSE CO breadth MCSUM is now extending its individual postings to the upside
2014-06-19 16:15:24 [Message] fib_1618 -> Chat: with a close today of +695
2014-06-19 16:15:44 [Message] fib_1618 -> Chat: we're now a day or two away from reaching our next hurdle of the +750 level
2014-06-19 16:15:47 [Message] fib_1618 -> Chat: and directly above that
2014-06-19 16:15:58 [Message] fib_1618 -> Chat: the +800 level where we see horizontal resistance
2014-06-19 16:16:06 [Message] fib_1618 -> Chat: moving to the composite data
2014-06-19 16:16:37 [Message] fib_1618 -> Chat: and it looks like we have a small point change here in the NYSE breadth MCO as well
2014-06-19 16:16:53 [Message] fib_1618 -> Chat: so let's expect a dramatic move in the major market averages in the next two trading sessions
2014-06-19 16:17:12 [Message] fib_1618 -> Chat: "dramatic" would be a move of around 1% or more
2014-06-19 16:17:48 [Message] fib_1618 -> Chat: given that the volume McClellan data was already leading higher on Tuesday
2014-06-19 16:18:05 [Message] fib_1618 -> Chat: the near term expectation would be this dramatic move to be to the upside
2014-06-19 16:18:23 [Message] fib_1618 -> Chat: and looking at the NYA price pattern
2014-06-19 16:18:35 [Message] fib_1618 -> Chat: we seem to be "impulsing" to the upside right now
2014-06-19 16:18:55 [Message] fib_1618 -> Chat: which isn't surprising given the high and constructive readings we have in the NYSE breadth MCSUM
2014-06-19 16:19:39 [Message] fib_1618 -> Chat: after moving to new recovery highs on Wednesday
2014-06-19 16:19:49 [Message] fib_1618 -> Chat: the NASDAQ Composite Index pulled back a bit today
2014-06-19 16:20:06 [Message] fib_1618 -> Chat: as the NASDAQ breadth MCO moves slightly lower
2014-06-19 16:20:13 [Message] fib_1618 -> Chat: but the good news here is that
2014-06-19 16:20:41 [Message] fib_1618 -> Chat: yesterday's push higher also pushed the NASDAQ breadth MCSUM above its early April highs
2014-06-19 16:21:06 [Message] fib_1618 -> Chat: so this now allows prices in the index to move to higher highs without the further need to back and fill
2014-06-19 16:21:25 [Message] fib_1618 -> Chat: putting ruler to monitor
2014-06-19 16:21:58 [Message] fib_1618 -> Chat: and we see that the rising bottoms line connecting the two lows in mid May intersect the NASDAQ breadth MCO at around the zero line
2014-06-19 16:22:18 [Message] fib_1618 -> Chat: so even if we do see some sort of deeper retracement here either Friday or Monday
2014-06-19 16:22:29 [Message] fib_1618 -> Chat: the balance of power will still remain with the buyers
2014-06-19 16:23:05 [Message] fib_1618 -> Chat: we can now see the development of a nice angle of ascent in the NASDAQ 1 year chart over the last couple of weeks
2014-06-19 16:23:54 [Message] fib_1618 -> Chat: unlike the pattern structure that we saw last February which had its launch, but showed exhaustive behavior with no indication of any texture to the pattern
2014-06-19 16:23:59 [Message] fib_1618 -> Chat: this time it's different
2014-06-19 16:24:19 [Message] fib_1618 -> Chat: with bottoms above bottoms controlling the pattern from the mid May lows
2014-06-19 16:24:40 [Message] fib_1618 -> Chat: still no confirmation as yet that we'll see prices continue to rally beyond the beginning of July however
2014-06-19 16:24:52 [Message] fib_1618 -> Chat: so we'll continue to go with that blueprint for another day
2014-06-19 16:25:39 [Message] fib_1618 -> Chat: the NDX breadth MCSUM is now right up to what was the previous high point in early March
2014-06-19 16:25:45 [Message] fib_1618 -> Chat: and just as you probably expect
2014-06-19 16:26:23 [Message] fib_1618 -> Chat: money has backed off a bit and looking over its collective shoulder for fresh money to help break above this area of horizontal resistance
2014-06-19 16:26:51 [Message] fib_1618 -> Chat: as with the COMPQ
2014-06-19 16:27:10 [Message] fib_1618 -> Chat: the NDX price structure is also showing a nice bit of texture
2014-06-19 16:27:31 [Message] fib_1618 -> Chat: so we'll give the nod to the buyers at this stage...it's theirs to do as they wish
2014-06-19 16:27:59 [Message] fib_1618 -> Chat: looks like a small point change in the SPX breadth MCO as well
2014-06-19 16:28:26 [Message] fib_1618 -> Chat: and like the NYSE Composite breadth MCSUM
2014-06-19 16:28:49 [Message] fib_1618 -> Chat: the SPX breadth MCSUM hasn't as yet moved to higher highs
2014-06-19 16:29:04 [Message] fib_1618 -> Chat: and until this is accomplished
2014-06-19 16:29:16 [Message] fib_1618 -> Chat: the market could be in for a near term rally failure of sorts
2014-06-19 16:29:39 [Message] fib_1618 -> Chat: but the overall price pattern structure looks solid
2014-06-19 16:29:56 [Message] fib_1618 -> Chat: and we're now a little over 40 points away from 2000 on the SPX
2014-06-19 16:30:37 [Message] fib_1618 -> Chat: we'll call it a small point change as well on the OEX breadth MCO
2014-06-19 16:30:59 [Message] fib_1618 -> Chat: I have to develop a way to track this for the chat
2014-06-19 16:31:12 [Message] fib_1618 -> Chat: I'll think of something
2014-06-19 16:31:16 [Message] fib_1618 -> Chat: anyway
2014-06-19 16:31:31 [Message] fib_1618 -> Chat: there seems to be a lot of tension on the tape as we move into quadruple witching
2014-06-19 16:31:43 [Message] fib_1618 -> Chat: futures contract expired as the close today
2014-06-19 16:32:00 [Message] fib_1618 -> Chat: which could be why there wasn't much in the way of movement - either internally or externally
2014-06-19 16:32:27 [Message] fib_1618 -> Chat: sometimes this can allow the markets to move more decisively once this lid is released
2014-06-19 16:32:44 [Message] fib_1618 -> Chat: we should know better by 11:30 eastern
2014-06-19 16:32:48 [Message] rite01 -> Chat: What's tension in the tape?
2014-06-19 16:33:19 [Message] fib_1618 -> Chat: compression points
2014-06-19 16:33:32 [Message] fib_1618 -> Chat: where both sides are indecisive about the direction to take prices on a near term basis
2014-06-19 16:33:39 [Message] fib_1618 -> Chat: what the MCO provides in this area
2014-06-19 16:33:47 [Message] fib_1618 -> Chat: is that when we see these small point changes
2014-06-19 16:34:16 [Message] fib_1618 -> Chat: it affords this insight and why we generally get large moves once the lid of this pressure cooker is finally released
2014-06-19 16:34:25 [Message] fib_1618 -> Chat: the term itself is an old one
2014-06-19 16:34:49 [Message] fib_1618 -> Chat: but basically we have equal opinions at this point in time with no one budging
2014-06-19 16:34:54 [Message] fib_1618 -> Chat: although
2014-06-19 16:35:05 [Message] rite01 -> Chat:  more important when many charts have it?
2014-06-19 16:35:08 [Message] fib_1618 -> Chat: the buyers have control on both a short term and intermediate term basis
2014-06-19 16:35:19 [Message] fib_1618 -> Chat: the small point change?
2014-06-19 16:35:27 [Message] rite01 -> Chat: yes
2014-06-19 16:35:59 [Message] fib_1618 -> Chat: our main go to with this guideline is with the NYSE Composite since it encompasses all of the stocks that trade on the exchange
2014-06-19 16:36:01 [Message] fib_1618 -> Chat: however
2014-06-19 16:36:16 [Message] fib_1618 -> Chat: the more sub sets of this broad market indicator that we see
2014-06-19 16:37:22 [Message] fib_1618 -> Chat: tells us that this is not merely a "broad stroke" phenomenon...that is expands throughout other areas of investment as well that may, or may not be, strictly NYSE related
2014-06-19 16:37:25 [Message] fib_1618 -> Chat: for example
2014-06-19 16:37:41 [Message] fib_1618 -> Chat: tonight we're getting the small point changes in the larger cap derivatives
2014-06-19 16:37:49 [Message] fib_1618 -> Chat: and not the NASDAQ
2014-06-19 16:38:19 [Message] fib_1618 -> Chat: or with the MID breadth MCO where it isn't as compressed
2014-06-19 16:38:38 [Message] fib_1618 -> Chat: and the same can be said with the SML breadth MCO
2014-06-19 16:39:05 [Message] fib_1618 -> Chat: this then suggests that it's the multi nationals that are mostly indecisive near term
2014-06-19 16:39:25 [Message] fib_1618 -> Chat: which makes some sense given the recent geopolitical events
2014-06-19 16:39:26 [Message] fib_1618 -> Chat: no less
2014-06-19 16:39:56 [Message] fib_1618 -> Chat: tomorrow being OPEX which has a higher effect on these same large cap stocks than they do the mid, small or secondary stocks
2014-06-19 16:40:20 [Message] fib_1618 -> Chat: in it's simplistic form
2014-06-19 16:40:26 [Message] rite01 -> Chat: Thanks
2014-06-19 16:40:44 [Message] fib_1618 -> Chat: it tells us that something is bothering traders that will generally be remedied in the next day or so
2014-06-19 16:41:02 [Message] rite01 -> Chat: Great stuff
2014-06-19 16:41:03 [Message] fib_1618 -> Chat: a lot of the time it can be waiting on a government report
2014-06-19 16:41:14 [Message] fib_1618 -> Chat: think of the market this way
2014-06-19 16:41:22 [Message] fib_1618 -> Chat: it's a living, breathing entity
2014-06-19 16:41:26 [Message] fib_1618 -> Chat: it has a pulse
2014-06-19 16:41:31 [Message] fib_1618 -> Chat: a rhythm
2014-06-19 16:41:41 [Message] fib_1618 -> Chat: it breathes (breadth)
2014-06-19 16:41:47 [Message] fib_1618 -> Chat: it has a heart (volume)
2014-06-19 16:41:57 [Message] fib_1618 -> Chat: and it also has it's emotional fits
2014-06-19 16:42:07 [Message] fib_1618 -> Chat: our job is to play doctor
2014-06-19 16:42:16 [Message] fib_1618 -> Chat: and find what may be ailing the patient
2014-06-19 16:42:39 [Message] fib_1618 -> Chat: and then find what the best overall outcome will be once these quirks subsides
2014-06-19 16:42:47 [Message] fib_1618 -> Chat: look at the MCO
2014-06-19 16:42:54 [Message] fib_1618 -> Chat: looks like an EKG
2014-06-19 16:43:06 [Message] rite01 -> Chat: Right
2014-06-19 16:43:10 [Message] fib_1618 -> Chat: sometimes the rhythms are shallow
2014-06-19 16:43:19 [Message] fib_1618 -> Chat: sometimes they veer off in extremes
2014-06-19 16:43:31 [Message] fib_1618 -> Chat: it all depends on what is introduced to the "body market"
2014-06-19 16:44:01 [Message] rite01 -> Chat: It's looking fairly healthy at this point
2014-06-19 16:44:06 [Message] fib_1618 -> Chat: so we try to pick up the rhythm so that we pick up the beat and follow that
2014-06-19 16:44:37 [Message] fib_1618 -> Chat: going back to the MID breadth MCSUM
2014-06-19 16:44:46 [Message] fib_1618 -> Chat: and we see that it cleared above the recent highs yesterday
2014-06-19 16:44:48 [Message] fib_1618 -> Chat: again
2014-06-19 16:45:08 [Message] fib_1618 -> Chat: whenever the MCO or MCSUM breaks above or below important lines of resistance or support
2014-06-19 16:45:23 [Message] fib_1618 -> Chat: we usually see the result of such violations in big price moves by the market
2014-06-19 16:45:28 [Message] fib_1618 -> Chat: like Wednesday, for example
2014-06-19 16:45:35 [Message] fib_1618 -> Chat: remember on Tuesday?
2014-06-19 16:45:45 [Message] fib_1618 -> Chat: the bulls were in need of stepping up on Wednesday?
2014-06-19 16:46:01 [Message] fib_1618 -> Chat: or a couple of more days were going to be needed to "reset"
2014-06-19 16:46:17 [Message] fib_1618 -> Chat: and we got that...the buyers stepped in once there was "clarity" (FED Statement)
2014-06-19 16:46:23 [Message] fib_1618 -> Chat: and up we went
2014-06-19 16:46:42 [Message] fib_1618 -> Chat: which was the direction of higher technical probability based on the data we work with
2014-06-19 16:46:53 [Message] fib_1618 -> Chat: there's nothing fancy about this
2014-06-19 16:47:13 [Message] fib_1618 -> Chat: it's just a matter of looking for a "reasonable expectation" and working with it
2014-06-19 16:48:00 [Message] fib_1618 -> Chat: looking at the SML breadth MCSUM
2014-06-19 16:48:18 [Message] fib_1618 -> Chat: and we see here that it also moved above its recent highs on Wednesday
2014-06-19 16:48:36 [Message] fib_1618 -> Chat: so the path of least resistance remains to the upside until PROVEN otherwise
2014-06-19 16:49:11 [Message] fib_1618 -> Chat: and we got a small pullback as well in the TM breadth MCO
2014-06-19 16:49:45 [Message] fib_1618 -> Chat: but we also see that we had good follow through to Tuesday's break above the +500 level in the TM breadth MCSUM as well
2014-06-19 16:50:03 [Message] fib_1618 -> Chat: so, for now, we have moved beyond "escape velocity"
2014-06-19 16:50:27 [Message] fib_1618 -> Chat: and we can now travel with greater amplitude as more money stimulates the buy side
2014-06-19 16:50:32 [Message] fib_1618 -> Chat: so...
2014-06-19 16:50:40 [Message] fib_1618 -> Chat: the market continues to climb higher
2014-06-19 16:50:50 [Message] fib_1618 -> Chat: with good confirmation overall
2014-06-19 16:51:15 [Message] fib_1618 -> Chat: but we still have some pieces of data that are lagging a bit in providing a more robust advance
2014-06-19 16:51:44 [Message] fib_1618 -> Chat: could be that the thumb here on this lag may be June OPEX related
2014-06-19 16:51:54 [Message] fib_1618 -> Chat: oh...and as we thought last Thursday
2014-06-19 16:52:09 [Message] rite01 -> Chat: Is there a chart named TM?
2014-06-19 16:52:32 [Message] fib_1618 -> Chat: all of those speculative put buyers that bought the near month strike price last week, will see their positions expire worthless
2014-06-19 16:52:38 [Message] fib_1618 -> Chat: TM is Total Market
2014-06-19 16:52:52 [Message] fib_1618 -> Chat: the coral bordered chart
2014-06-19 16:52:58 [Message] fib_1618 -> Chat: the Wilshire 5000
2014-06-19 16:53:02 [Message] rite01 -> Chat: OK got it
2014-06-19 16:53:12 [Message] fib_1618 -> Chat: OK...let's move on to the sectors
2014-06-19 16:53:31 [Message] fib_1618 -> Chat: just keep scrolling Mike you will see them, in sequence, after the total market chart
2014-06-19 16:54:05 [Message] fib_1618 -> Chat: looks like we have a bit of conviction problem with the XLY breadth MCO
2014-06-19 16:54:30 [Message] fib_1618 -> Chat: as we have seen very little follow through above the MCO zero line so far
2014-06-19 16:54:36 [Message] fib_1618 -> Chat: at this point though
2014-06-19 16:55:05 [Message] fib_1618 -> Chat: with the XLY breadth MCO components still on a crossover buy above the zero line
2014-06-19 16:55:28 [Message] fib_1618 -> Chat: our expectation of today's lower close is that of a simple snapback to or toward the MCO zero line and where a bounce higher is likely
2014-06-19 16:55:46 [Message] fib_1618 -> Chat: we'll know if this is the correct interpretation in the next two days
2014-06-19 16:56:26 [Message] fib_1618 -> Chat: in order for prices to break out of their current trading range we see on the 1 year chart
2014-06-19 16:56:56 [Message] fib_1618 -> Chat: we will have to see the XLY breadth MCSUM move above the July highs of last year
2014-06-19 16:57:09 [Message] fib_1618 -> Chat: of which we are currently challenging at this time
2014-06-19 16:57:31 [Message] fib_1618 -> Chat: still
2014-06-19 16:57:49 [Message] fib_1618 -> Chat: with this MCSUM already moving to higher horizontal highs already
2014-06-19 16:58:02 [Message] fib_1618 -> Chat: the odds are better than 60% that this will be accomplished
2014-06-19 16:58:30 [Message] fib_1618 -> Chat: the XLP index continues to power higher
2014-06-19 16:58:51 [Message] fib_1618 -> Chat: where Aunt Minnie and Uncle Charlies are probably the biggest participants there
2014-06-19 16:59:11 [Message] fib_1618 -> Chat: this higher price close today was confirmed by the XLP breadth MCO moving to a higher higher
2014-06-19 16:59:31 [Message] fib_1618 -> Chat: and if it can take out the highs of early June
2014-06-19 17:00:18 [Message] fib_1618 -> Chat: then that would be enough for the XLP breadth MCSUM to break above its slight angle declining tops line that goes back to its March highs
2014-06-19 17:00:21 [Message] fib_1618 -> Chat: get this done
2014-06-19 17:00:28 [Message] fib_1618 -> Chat: and this sector will probably move...
2014-06-19 17:00:32 [Message] fib_1618 -> Chat: let me get a measurement
2014-06-19 17:00:59 [Message] fib_1618 -> Chat: another 5 points or so
2014-06-19 17:01:04 [Message] fib_1618 -> Chat: so we'll call it the 50 level
2014-06-19 17:01:09 [Message] fib_1618 -> Chat: which is another 10% gain
2014-06-19 17:01:23 [Message] fib_1618 -> Chat: so our solid buy signal remains intact there
2014-06-19 17:01:36 [Message] fib_1618 -> Chat: holy moly!
2014-06-19 17:01:45 [Message] fib_1618 -> Chat: look at the XLE breadth data!
2014-06-19 17:01:50 [Message] fib_1618 -> Chat: OK...let's start at the top
2014-06-19 17:02:25 [Message] fib_1618 -> Chat: our upside price objective of $100 a share, which was given back when we were at $94, has now been met
2014-06-19 17:02:42 [Message] fib_1618 -> Chat: but now we got a higher high in the XLE breadth MCO
2014-06-19 17:02:53 [Message] fib_1618 -> Chat: let me check the 3 year chart
2014-06-19 17:03:29 [Message] fib_1618 -> Chat: and we're now matching the highest levels we've seen over the last 3 years
2014-06-19 17:03:30 [Message] fib_1618 -> Chat: now..
2014-06-19 17:03:58 [Message] fib_1618 -> Chat: if we can get above the June 2012 spike in the XLE breadth MCO
2014-06-19 17:04:06 [Message] fib_1618 -> Chat: that would give us a new price target of...
2014-06-19 17:04:07 [Message] fib_1618 -> Chat: ready?
2014-06-19 17:04:20 [Message] fib_1618 -> Chat: of about $150
2014-06-19 17:04:27 [Message] fib_1618 -> Chat: for now
2014-06-19 17:04:30 [Message] rite01 -> Chat: Wow!
2014-06-19 17:04:43 [Message] fib_1618 -> Chat: it looks like we have enough energy(!) now to move to the $110 level
2014-06-19 17:04:50 [Message] fib_1618 -> Chat: Lew...we're talking about the XLE
2014-06-19 17:04:56 [Message] thespookyone -> Chat: thx
2014-06-19 17:05:04 [Message] fib_1618 -> Chat: check it out
2014-06-19 17:05:11 [Message] fib_1618 -> Chat: :)
2014-06-19 17:05:33 [Message] fib_1618 -> Chat: this sector is out of control :)
2014-06-19 17:05:49 [Message] fib_1618 -> Chat: hey...question for anyone while on the subject
2014-06-19 17:06:03 [Message] fib_1618 -> Chat: have you noticed gas prices going up over the last two weeks in your areas?
2014-06-19 17:06:17 [Message] fib_1618 -> Chat: here...
2014-06-19 17:06:27 [Message] fib_1618 -> Chat: we haven't moved from $3.79 for 87
2014-06-19 17:06:47 [Message] fib_1618 -> Chat: you know what's going to happen, don't you?
2014-06-19 17:06:57 [Message] unc1998 -> Chat: I think it is about $3.50 here in NC
2014-06-19 17:07:00 [Message] fib_1618 -> Chat: the prices will go up right before the July 4th weekend
2014-06-19 17:07:08 [Message] fib_1618 -> Chat: but has it moved up at all?
2014-06-19 17:07:18 [Message] unc1998 -> Chat: hovered there for the past month
2014-06-19 17:07:24 [Message] fib_1618 -> Chat: it's weird
2014-06-19 17:07:28 [Message] rite01 -> Chat: $3.50 Tx up very little
2014-06-19 17:07:41 [Message] fib_1618 -> Chat: you have the futures market going to the moon
2014-06-19 17:07:54 [Message] fib_1618 -> Chat: and the consumer level remains quiet?
2014-06-19 17:08:00 [Message] fib_1618 -> Chat: by the way
2014-06-19 17:08:13 [Message] fib_1618 -> Chat: I was looking at the crude futures contracts for the next 12 months
2014-06-19 17:08:34 [Message] fib_1618 -> Chat: and we have backwardation by about $9.00 a barrel
2014-06-19 17:08:40 [Message] fib_1618 -> Chat: which means
2014-06-19 17:08:53 [Message] fib_1618 -> Chat: once whatever is bothering the markets is taken care of
2014-06-19 17:09:05 [Message] fib_1618 -> Chat: the front month on crude contracts are going to collapse quickly
2014-06-19 17:09:17 [Message] fib_1618 -> Chat: $9.00 is a LOT of air
2014-06-19 17:09:29 [Message] fib_1618 -> Chat: sometimes you see $4 or $5
2014-06-19 17:09:36 [Message] fib_1618 -> Chat: but $9?
2014-06-19 17:09:38 [Message] fib_1618 -> Chat: whew!
2014-06-19 17:09:46 [Message] fib_1618 -> Chat: anyway
2014-06-19 17:09:57 [Message] fib_1618 -> Chat: if you take a look at the 3 year chart of the XLE
2014-06-19 17:10:07 [Message] fib_1618 -> Chat: you'll see what we seeing in most charts right now
2014-06-19 17:10:10 [Message] fib_1618 -> Chat: a parabola angle of ascent
2014-06-19 17:10:27 [Message] fib_1618 -> Chat: but for the traders
2014-06-19 17:10:34 [Message] fib_1618 -> Chat: it's being confirmed by the internals
2014-06-19 17:10:41 [Message] fib_1618 -> Chat: so be it...enjoy the ride!
2014-06-19 17:11:20 [Message] fib_1618 -> Chat: the XLF breadth MCO closed right at its zero line today
2014-06-19 17:11:31 [Message] fib_1618 -> Chat: so one side is about to take control of the action
2014-06-19 17:11:48 [Message] fib_1618 -> Chat: given that the XLF breadth MCSUM is playing tag with the +1250 level
2014-06-19 17:12:08 [Message] fib_1618 -> Chat: the reasonable expectation here would be for the sellers to attempt to wrestle control
2014-06-19 17:12:17 [Message] fib_1618 -> Chat: but being as high (stretched) as the MCSUM is
2014-06-19 17:12:25 [Message] fib_1618 -> Chat: they're not likely to get too far
2014-06-19 17:12:53 [Message] fib_1618 -> Chat: for now...there are better areas to trade until this indigestion is taken care of
2014-06-19 17:13:19 [Message] fib_1618 -> Chat: new all time closing highs in the XLV ETF today
2014-06-19 17:13:36 [Message] fib_1618 -> Chat: though with the XLV breadth MCO is below its zero line and not confirming the new highs
2014-06-19 17:13:52 [Message] fib_1618 -> Chat: this is an accident waiting to happen short term
2014-06-19 17:14:12 [Message] fib_1618 -> Chat: but at the same time
2014-06-19 17:14:34 [Message] fib_1618 -> Chat: with the XLV breadth MCSUM coming in with a +883 reading
2014-06-19 17:14:44 [Message] fib_1618 -> Chat: any kind of slip near term should result in a shallow price dip
2014-06-19 17:15:00 [Message] fib_1618 -> Chat: where we'll likely find support at the $59.50 level
2014-06-19 17:15:15 [Message] fib_1618 -> Chat: we'll call it a "hold" for now and wait for new information
2014-06-19 17:15:49 [Message] fib_1618 -> Chat: we see we got new higher highs in the XLI breadth MCSUM
2014-06-19 17:16:01 [Message] fib_1618 -> Chat: in fact
2014-06-19 17:16:17 [Message] fib_1618 -> Chat: we are now at the same levels where we topped out back in late November of last year
2014-06-19 17:16:25 [Message] fib_1618 -> Chat: if we do continue to see good follow through by Monday
2014-06-19 17:16:42 [Message] fib_1618 -> Chat: this would be exceptional good news for the Dow Industrials and Dow Transports
2014-06-19 17:16:53 [Message] fib_1618 -> Chat: as both have a heavy weightings with this ETF's components
2014-06-19 17:16:55 [Message] fib_1618 -> Chat: BTW
2014-06-19 17:17:04 [Message] fib_1618 -> Chat: Fed Ex closed at new all time highs yesterday
2014-06-19 17:17:11 [Message] fib_1618 -> Chat: so SOMEONE must be shipping
2014-06-19 17:18:20 [Message] fib_1618 -> Chat: but UPS is still a bit short of reaching this same goal
2014-06-19 17:18:25 [Message] fib_1618 -> Chat: in any event
2014-06-19 17:18:45 [Message] fib_1618 -> Chat: the only way these shipping stocks can be at their all time highs is that there is business out there
2014-06-19 17:19:02 [Message] fib_1618 -> Chat: and whether it's business from brick and mortar businesses
2014-06-19 17:19:05 [Message] rite01 -> Chat: My wife now prefers shopping on line 80% of the time except Groceries
2014-06-19 17:19:09 [Message] fib_1618 -> Chat: or those that are exclusively on the net
2014-06-19 17:19:25 [Message] fib_1618 -> Chat: the economy MUST be moving along at a pretty good clip
2014-06-19 17:19:29 [Message] fib_1618 -> Chat: although
2014-06-19 17:19:37 [Message] fib_1618 -> Chat: it might not be what were either used to
2014-06-19 17:19:38 [Message] fib_1618 -> Chat: or
2014-06-19 17:19:44 [Message] fib_1618 -> Chat: what we were taught to look for
2014-06-19 17:19:50 [Message] fib_1618 -> Chat: yes...
2014-06-19 17:20:04 [Message] fib_1618 -> Chat: Amazon, for example, has really ramped up their business plan
2014-06-19 17:20:07 [Message] fib_1618 -> Chat: in fact
2014-06-19 17:20:37 [Message] fib_1618 -> Chat: I decided yesterday to give Fire TV a try because I'm about done with Direct TV and the expense of watching television
2014-06-19 17:20:55 [Message] fib_1618 -> Chat: did you see their new phone yesterday?
2014-06-19 17:21:01 [Message] fib_1618 -> Chat: (amazon's)
2014-06-19 17:21:12 [Message] thespookyone -> Chat: I'd like to see it hit 313.50 to grab it again... Great phone
2014-06-19 17:21:21 [Message] fib_1618 -> Chat: it's very cool
2014-06-19 17:21:25 [Message] fib_1618 -> Chat: and if you take that
2014-06-19 17:21:27 [Message] fib_1618 -> Chat: a tablet
2014-06-19 17:21:29 [Message] thespookyone -> Chat: it is!
2014-06-19 17:21:30 [Message] fib_1618 -> Chat: the TV
2014-06-19 17:21:46 [Message] fib_1618 -> Chat: and then you buy Prime for $99 a year for unlimited movies and TV shows
2014-06-19 17:21:55 [Message] fib_1618 -> Chat: what's the problem?
2014-06-19 17:21:58 [Message] fib_1618 -> Chat: plus
2014-06-19 17:22:04 [Message] thespookyone -> Chat: it's all good
2014-06-19 17:22:16 [Message] fib_1618 -> Chat: they have Amazon Fresh
2014-06-19 17:22:22 [Message] fib_1618 -> Chat: which is their grocery link
2014-06-19 17:22:30 [Message] fib_1618 -> Chat: though...
2014-06-19 17:22:45 [Message] fib_1618 -> Chat: I think it would be kind of freaky to get my product via a drone :)
2014-06-19 17:22:52 [Message] thespookyone -> Chat: the backside sales off those phones will be super
2014-06-19 17:22:59 [Message] fib_1618 -> Chat: but things are changing so rapidly here
2014-06-19 17:23:06 [Message] fib_1618 -> Chat: well...
2014-06-19 17:23:15 [Message] fib_1618 -> Chat: At&T did a great job with the iPhone
2014-06-19 17:23:22 [Message] thespookyone -> Chat: yep
2014-06-19 17:23:24 [Message] fib_1618 -> Chat: my problem with it
2014-06-19 17:23:25 [Message] fib_1618 -> Chat: is that
2014-06-19 17:23:30 [Message] fib_1618 -> Chat: it's Android based
2014-06-19 17:23:41 [Message] fib_1618 -> Chat: and I'm not a big fan of anything "Google"
2014-06-19 17:23:48 [Message] fib_1618 -> Chat: they scare me
2014-06-19 17:23:54 [Message] thespookyone -> Chat: sure
2014-06-19 17:24:05 [Message] fib_1618 -> Chat: the closest thing we have to "sky net"
2014-06-19 17:24:11 [Message] thespookyone -> Chat: yep
2014-06-19 17:24:30 [Message] fib_1618 -> Chat: and now they want to put up 200 satellites around the Earth to provide free WiFi for all?
2014-06-19 17:24:53 [Message] fib_1618 -> Chat: I rarely use their search...
2014-06-19 17:24:58 [Message] thespookyone -> Chat: but they get the cream of tech people-and going forward, they look unstoppable
2014-06-19 17:25:11 [Message] fib_1618 -> Chat: and I rarely do business with them...they're very secretive about how they run their operation
2014-06-19 17:25:19 [Message] fib_1618 -> Chat: and they can live on the campus too
2014-06-19 17:25:30 [Message] fib_1618 -> Chat: it's like the old hippie communes
2014-06-19 17:25:48 [Message] fib_1618 -> Chat: anyway..back to the markets
2014-06-19 17:25:57 [Message] thespookyone -> Chat: they want to fiber optic the country with 50 mg internet for 40 bucks a month
2014-06-19 17:26:08 [Message] fib_1618 -> Chat: really?
2014-06-19 17:26:23 [Message] fib_1618 -> Chat: what I heard was they want to provide FREE internet for all
2014-06-19 17:26:29 [Message] thespookyone -> Chat: yep, they'll crush everyone-two cities already online
2014-06-19 17:26:53 [Message] rite01 -> Chat: and control everything we hear
2014-06-19 17:26:55 [Message] thespookyone -> Chat: 50 meg is lots more than I can get
2014-06-19 17:26:57 [Message] fib_1618 -> Chat: it's no wonder that you have Comcast trying to merge with Time Warner and AT&T with Directv
2014-06-19 17:27:11 [Message] thespookyone -> Chat: yes!
2014-06-19 17:27:18 [Message] fib_1618 -> Chat: the writing is on the wall
2014-06-19 17:27:24 [Message] thespookyone -> Chat: it is
2014-06-19 17:27:31 [Message] fib_1618 -> Chat: what will be the new source for entertainment will be streaming off the net
2014-06-19 17:27:39 [Message] fib_1618 -> Chat: so I had to pick between Roku and Fire
2014-06-19 17:27:43 [Message] fib_1618 -> Chat: and I picked Fire
2014-06-19 17:27:48 [Message] fib_1618 -> Chat: maybe I'll get a Roku too
2014-06-19 17:28:01 [Message] thespookyone -> Chat: I already us use a lot of it, and have 2 rokus
2014-06-19 17:28:02 [Message] fib_1618 -> Chat: but I can cut my Directv bill in half immediately
2014-06-19 17:28:20 [Message] fib_1618 -> Chat: and you have like...what? 100 channels streaming?
2014-06-19 17:28:26 [Message] thespookyone -> Chat: yep
2014-06-19 17:28:34 [Message] fib_1618 -> Chat: and that's just the free ones
2014-06-19 17:28:53 [Message] thespookyone -> Chat: yes, I add netflix for $8 a month-and I'm there
2014-06-19 17:28:59 [Message] fib_1618 -> Chat: what makes Amazon attractive is the price of $99 a year for unlimited shows
2014-06-19 17:29:18 [Message] fib_1618 -> Chat: yes...but you pay $8 a month plus the cost of renting the video?
2014-06-19 17:29:24 [Message] thespookyone -> Chat: Amazon has a ton of content
2014-06-19 17:29:38 [Message] fib_1618 -> Chat: a ton
2014-06-19 17:29:45 [Message] fib_1618 -> Chat: here's the thing
2014-06-19 17:29:50 [Message] thespookyone -> Chat: lots of free movies on netflix, tv too
2014-06-19 17:30:02 [Message] fib_1618 -> Chat: MSFT wanted to make everything work on their operating system
2014-06-19 17:30:13 [Message] fib_1618 -> Chat: from controlling products in your home
2014-06-19 17:30:18 [Message] fib_1618 -> Chat: to the temperature
2014-06-19 17:30:22 [Message] fib_1618 -> Chat: to entertainment
2014-06-19 17:30:23 [Message] fib_1618 -> Chat: etc
2014-06-19 17:30:40 [Message] fib_1618 -> Chat: and looking around
2014-06-19 17:30:59 [Message] fib_1618 -> Chat: it would seem that Jeff is leading the pack in getting this all done seamlessly
2014-06-19 17:31:57 [Message] fib_1618 -> Chat: anyway
2014-06-19 17:32:07 [Message] fib_1618 -> Chat: I'm looking forward to playing with my new toy this weekend
2014-06-19 17:32:14 [Message] fib_1618 -> Chat: back to work
2014-06-19 17:32:25 [Message] fib_1618 -> Chat: surprisingly enough
2014-06-19 17:32:26 [Message] thespookyone -> Chat: AMZN looks good going forward, IMHO
2014-06-19 17:32:35 [Message] fib_1618 -> Chat: the XLB breadth MCO is pretty much neutral here
2014-06-19 17:32:40 [Message] fib_1618 -> Chat: well..I've got to tell you
2014-06-19 17:32:47 [Message] fib_1618 -> Chat: they have Apple over a barrel right now
2014-06-19 17:32:57 [Message] fib_1618 -> Chat: especially with their new phone
2014-06-19 17:32:59 [Message] fib_1618 -> Chat: it's amazing
2014-06-19 17:33:07 [Message] fib_1618 -> Chat: if you can see the 3D in a video
2014-06-19 17:33:10 [Message] thespookyone -> Chat: that phone is nice, I may buy one
2014-06-19 17:33:15 [Message] fib_1618 -> Chat: you KNOW it's has to be outrageous
2014-06-19 17:33:23 [Message] fib_1618 -> Chat: for those who haven't seen it yet
2014-06-19 17:33:31 [Message] fib_1618 -> Chat: go to Amazon and play the video
2014-06-19 17:34:11 [Message] fib_1618 -> Chat: so one side is about to take control in the XLB
2014-06-19 17:34:15 [Message] rite01 -> Chat: Saw it on line video on line today it's amazing
2014-06-19 17:34:24 [Message] fib_1618 -> Chat: which, again, if you're a gold bug
2014-06-19 17:34:30 [Message] fib_1618 -> Chat: and loved today's $40 rally
2014-06-19 17:34:51 [Message] thespookyone -> Chat: $xau looks like it has room...
2014-06-19 17:35:05 [Message] fib_1618 -> Chat: you may want to hold back a bit until we get better confirmation that today's move was more than just a short covering rally
2014-06-19 17:35:40 [Message] rite01 -> Chat: Isn't its seasonality coming up soon?
2014-06-19 17:35:43 [Message] thespookyone -> Chat: yep
2014-06-19 17:35:52 [Message] fib_1618 -> Chat: the 1 year chart of the XLK continues to advance at about a 45 degree angle of ascent
2014-06-19 17:36:01 [Message] fib_1618 -> Chat: here's the thing with equity seasonality
2014-06-19 17:36:09 [Message] fib_1618 -> Chat: it's sort of like cycles
2014-06-19 17:36:34 [Message] fib_1618 -> Chat: with our being with the highest liquidity levels in history
2014-06-19 17:36:54 [Message] fib_1618 -> Chat: there's no real chance for the markets to cycle...which includes seasonality observations
2014-06-19 17:37:26 [Message] fib_1618 -> Chat: though it's true that we have some bullish character at the end of the month and prior to holiday periods
2014-06-19 17:37:50 [Message] fib_1618 -> Chat: but they have become so muted that they tend not give us much in the way of predictive VALUE
2014-06-19 17:38:17 [Message] fib_1618 -> Chat: the XLK breadth MCSUM has now moved to higher highs now
2014-06-19 17:38:30 [Message] fib_1618 -> Chat: so we'll remain friendly there as well for the time being
2014-06-19 17:39:04 [Message] fib_1618 -> Chat: and WHAM! POW!...the XLU breadth MCO moved to higher highs today
2014-06-19 17:39:14 [Message] fib_1618 -> Chat: and the XLU has now exploded to the upside
2014-06-19 17:39:35 [Message] fib_1618 -> Chat: this provides a great example in showing
2014-06-19 17:39:46 [Message] fib_1618 -> Chat: that just because the MCSUM was declining
2014-06-19 17:39:54 [Message] fib_1618 -> Chat: doesn't mean you won't see higher price highs
2014-06-19 17:39:56 [Message] fib_1618 -> Chat: and
2014-06-19 17:40:22 [Message] fib_1618 -> Chat: with the XLU breadth MCSUM supporting a number just below the +1000 level
2014-06-19 17:40:28 [Message] fib_1618 -> Chat: once money does decide to move back in
2014-06-19 17:40:55 [Message] fib_1618 -> Chat: it's far easier to move prices in the direction of the ongoing trend as it would be if there was balance between buyers and sellers at the zero line
2014-06-19 17:41:00 [Message] fib_1618 -> Chat: this also tells us
2014-06-19 17:41:10 [Message] fib_1618 -> Chat: that interest rates are likely to remain low for a while
2014-06-19 17:41:16 [Message] fib_1618 -> Chat: and by extension
2014-06-19 17:41:48 [Message] fib_1618 -> Chat: the interest rate sensitive issues that trade on the NYSE will probably see new all time highs in their A/D lines when we review the data this weekend
2014-06-19 17:41:52 [Message] fib_1618 -> Chat: and if we do see this
2014-06-19 17:42:15 [Message] fib_1618 -> Chat: this PROMISES us that we'll continue to see higher prices in equities moving forward
2014-06-19 17:42:36 [Message] thespookyone -> Chat: I have never seen a bull this strong in 39 yeas of trading. This is a once in a lifetime opportunity to make bank, IMHO... And we, in this room, with these skills, are best prepared to do so.
2014-06-19 17:43:09 [Message] fib_1618 -> Chat: so far, so good
2014-06-19 17:43:13 [Message] fib_1618 -> Chat: we just follow the money
2014-06-19 17:43:17 [Message] fib_1618 -> Chat: that's all that's important
2014-06-19 17:43:22 [Message] rite01 -> Chat: I'm just following on your coat tails but thankful for it
2014-06-19 17:43:24 [Message] thespookyone -> Chat: jeez, tough audience, LOL
2014-06-19 17:43:32 [Message] fib_1618 -> Chat: :)
2014-06-19 17:43:34 [Message] fib_1618 -> Chat: well..
2014-06-19 17:43:44 [Message] fib_1618 -> Chat: it's really hard to dispute what's going on
2014-06-19 17:43:51 [Message] thespookyone -> Chat: IT IS!!!
2014-06-19 17:44:02 [Message] fib_1618 -> Chat: even Helen Keller could feel her way through this without any problems
2014-06-19 17:44:12 [Message] thespookyone -> Chat: my lord, the angle up is almost scarey
2014-06-19 17:44:17 [Message] fib_1618 -> Chat: it is
2014-06-19 17:44:27 [Message] fib_1618 -> Chat: but as long as we get internal confirmations
2014-06-19 17:44:41 [Message] fib_1618 -> Chat: just continue to use the oxygen tank over there in the corner :)
2014-06-19 17:44:51 [Message] thespookyone -> Chat: we recognized this possible years ago
2014-06-19 17:44:53 [Message] fib_1618 -> Chat: you know...
2014-06-19 17:44:56 [Message] fib_1618 -> Chat: it's funny
2014-06-19 17:45:19 [Message] fib_1618 -> Chat: the bears are looking for price adjustments to reflect a better value in stocks
2014-06-19 17:45:25 [Message] fib_1618 -> Chat: but what they're missing here is...
2014-06-19 17:45:32 [Message] fib_1618 -> Chat: that all this liquidity IS inflationary
2014-06-19 17:45:38 [Message] fib_1618 -> Chat: and so...
2014-06-19 17:45:45 [Message] fib_1618 -> Chat: the market is adjusting for inflation
2014-06-19 17:45:48 [Message] fib_1618 -> Chat: up
2014-06-19 17:45:55 [Message] thespookyone -> Chat: absolutely
2014-06-19 17:46:11 [Message] thespookyone -> Chat: it IS a commodity, like all others
2014-06-19 17:46:14 [Message] fib_1618 -> Chat: the key economic indicator here is Productivity
2014-06-19 17:46:20 [Message] fib_1618 -> Chat: as long as it remains positive
2014-06-19 17:46:32 [Message] fib_1618 -> Chat: than the market an absorb this same inflationary tendency
2014-06-19 17:46:35 [Message] fib_1618 -> Chat: until...
2014-06-19 17:46:43 [Message] fib_1618 -> Chat: there is more than can be handled
2014-06-19 17:46:49 [Message] fib_1618 -> Chat: and then gold will rocket higher
2014-06-19 17:47:00 [Message] fib_1618 -> Chat: was looking for a May/June low
2014-06-19 17:47:11 [Message] fib_1618 -> Chat: you mentioned that Don said buy at $1240
2014-06-19 17:47:17 [Message] fib_1618 -> Chat: not a bad call so far
2014-06-19 17:47:22 [Message] thespookyone -> Chat: I think they will run tandem for some time
2014-06-19 17:47:28 [Message] fib_1618 -> Chat: they will
2014-06-19 17:47:47 [Message] fib_1618 -> Chat: because gold is the overflow account when all else is deemed fully valued
2014-06-19 17:47:53 [Message] thespookyone -> Chat: yep
2014-06-19 17:47:58 [Message] rite01 -> Chat: Is there Always a bull market some where?
2014-06-19 17:48:08 [Message] fib_1618 -> Chat: CVI's are slightly neutral
2014-06-19 17:48:17 [Message] fib_1618 -> Chat: not always
2014-06-19 17:48:23 [Message] fib_1618 -> Chat: if you take away liquidity
2014-06-19 17:48:40 [Message] fib_1618 -> Chat: then the markets default to their natural tendencies of moving lower
2014-06-19 17:48:41 [Message] fib_1618 -> Chat: remember
2014-06-19 17:48:52 [Message] fib_1618 -> Chat: you can try to sell anything in this life for any amount you can
2014-06-19 17:49:15 [Message] fib_1618 -> Chat: but unless you find someone else who agrees with you, you're not going to sell it
2014-06-19 17:49:25 [Message] fib_1618 -> Chat: and if money is tight
2014-06-19 17:49:39 [Message] fib_1618 -> Chat: prices go lower until they get to a level in which it can be bought
2014-06-19 17:49:47 [Message] fib_1618 -> Chat: it's all supply and demand
2014-06-19 17:49:56 [Message] fib_1618 -> Chat: there's no voodoo or magic here
2014-06-19 17:50:01 [Message] fib_1618 -> Chat: the FED is an excuse
2014-06-19 17:50:06 [Message] fib_1618 -> Chat: Europe is an excuse
2014-06-19 17:50:18 [Message] fib_1618 -> Chat: the Iranian situation is an excuse
2014-06-19 17:50:24 [Message] fib_1618 -> Chat: non of this matters
2014-06-19 17:50:25 [Message] thespookyone -> Chat: I think, actually, the fed is reading this well
2014-06-19 17:50:59 [Message] fib_1618 -> Chat: they're looking at the same things we are
2014-06-19 17:51:19 [Message] fib_1618 -> Chat: the ONLY thing that is keeping the US economy from expanding rapidly here is Congress
2014-06-19 17:51:21 [Message] thespookyone -> Chat: you and I, sure
2014-06-19 17:51:35 [Message] fib_1618 -> Chat: they make policy
2014-06-19 17:51:37 [Message] thespookyone -> Chat: you bet!
2014-06-19 17:51:39 [Message] fib_1618 -> Chat: they make the laws
2014-06-19 17:52:04 [Message] fib_1618 -> Chat: and if you have an activist President, you sign an executive order if you don't get your way ;)
2014-06-19 17:52:15 [Message] fib_1618 -> Chat: but I digress :)
2014-06-19 17:52:20 [Message] rite01 -> Chat: When it comes time to short won't it be a lot trickier?
2014-06-19 17:52:26 [Message] fib_1618 -> Chat: nope
2014-06-19 17:52:30 [Message] thespookyone -> Chat: well, I'm just glad the FED has the power they do...
2014-06-19 17:52:31 [Message] fib_1618 -> Chat: it's all the same game
2014-06-19 17:52:37 [Message] fib_1618 -> Chat: think of it this way
2014-06-19 17:52:52 [Message] fib_1618 -> Chat: all of us in this room have been around for 40 or 50 years, right?..
2014-06-19 17:53:13 [Message] thespookyone -> Chat: 58
2014-06-19 17:53:19 [Message] fib_1618 -> Chat: and aren't we hearing the same things that were problems back some 40 years ago
2014-06-19 17:53:29 [Message] fib_1618 -> Chat: only now the PLAYERS are different?
2014-06-19 17:53:36 [Message] thespookyone -> Chat: you bet
2014-06-19 17:53:36 [Message] rite01 -> Chat: 67 next month
2014-06-19 17:53:39 [Message] fib_1618 -> Chat: look at old movies
2014-06-19 17:53:54 [Message] fib_1618 -> Chat: nothing has changed in over a 100 years that we can count
2014-06-19 17:53:57 [Message] fib_1618 -> Chat: and I'm sure
2014-06-19 17:54:09 [Message] fib_1618 -> Chat: it hasn't changed form several centuries as well
2014-06-19 17:54:35 [Message] thespookyone -> Chat: I swear, though, at 58, I'm coming into my prime as a trader-more PATIENCE
2014-06-19 17:54:36 [Message] fib_1618 -> Chat: since...oh...let's say...the middle ages
2014-06-19 17:54:47 [Message] fib_1618 -> Chat: well..that's your maturity
2014-06-19 17:54:55 [Message] fib_1618 -> Chat: you've heard it before
2014-06-19 17:55:00 [Message] thespookyone -> Chat: I owe it to you-really
2014-06-19 17:55:02 [Message] fib_1618 -> Chat: just maybe with a different spin
2014-06-19 17:55:06 [Message] fib_1618 -> Chat: naw
2014-06-19 17:55:12 [Message] fib_1618 -> Chat: I'm just a mere conduit
2014-06-19 17:55:15 [Message] thespookyone -> Chat: OH YES!
2014-06-19 17:55:23 [Message] fib_1618 -> Chat: let's finish up
2014-06-19 17:55:35 [Message] fib_1618 -> Chat: STVO's are minimally "overbought"
2014-06-19 17:55:45 [Message] fib_1618 -> Chat: VTO's remain "overbought"
2014-06-19 17:56:11 [Message] fib_1618 -> Chat: NYSE TRIN at 1.01
2014-06-19 17:56:28 [Message] fib_1618 -> Chat: Open 10 not budging at .94
2014-06-19 17:56:41 [Message] fib_1618 -> Chat: NASDAQ TRIN at .82
2014-06-19 17:56:49 [Message] fib_1618 -> Chat: aggressive buying continues
2014-06-19 17:57:03 [Message] fib_1618 -> Chat: Open 10 at .81
2014-06-19 17:57:18 [Message] fib_1618 -> Chat: TM TRIN at 1.00
2014-06-19 17:57:30 [Message] fib_1618 -> Chat: Open 10 at .86
2014-06-19 17:57:45 [Message] fib_1618 -> Chat: let me take a quick view of the volume McClellan's
2014-06-19 17:58:38 [Message] fib_1618 -> Chat: watch the NYSE Composite Volume MCSUM - it's about to move to new highs here
2014-06-19 17:59:06 [Message] fib_1618 -> Chat: SPX volume MCSUM has already moved to new 1 year highs
2014-06-19 17:59:29 [Message] fib_1618 -> Chat: OK...
2014-06-19 17:59:43 [Message] fib_1618 -> Chat: not much in the way of changes from our Tuesday review
2014-06-19 17:59:51 [Message] fib_1618 -> Chat: the bulls remain in control
2014-06-19 18:00:01 [Message] fib_1618 -> Chat: but with many of the MCSUM's at such high levels
2014-06-19 18:00:14 [Message] fib_1618 -> Chat: it's not only difficult for the buyers to "pour it on" here
2014-06-19 18:00:24 [Message] fib_1618 -> Chat: but it's also difficult for the sellers to gain any kind of traction
2014-06-19 18:00:41 [Message] fib_1618 -> Chat: so the best blueprint remains to go with the path of least resistance
2014-06-19 18:00:49 [Message] fib_1618 -> Chat: and though it will tend to be a choppy advance
2014-06-19 18:01:09 [Message] fib_1618 -> Chat: there will be the occasional "relief rally" where we see compression points in the pattern
2014-06-19 18:01:25 [Message] fib_1618 -> Chat: compression points like those we noted in the large cap related breadth MCO's today
2014-06-19 18:01:41 [Message] fib_1618 -> Chat: and relief rallies like the one we saw on Wednesday
2014-06-19 18:01:42 [Message] fib_1618 -> Chat: for now
2014-06-19 18:01:49 [Message] fib_1618 -> Chat: long and strong
2014-06-19 18:02:08 [Message] fib_1618 -> Chat: as we continue to look for any further breakdowns that would cause us to change our viewpoint
2014-06-19 18:02:12 [Message] fib_1618 -> Chat: anything else?
2014-06-19 18:02:15 [Message] rite01 -> Chat: One last question before we go.  So we make money on the way down too?
2014-06-19 18:02:22 [Message] thespookyone -> Chat: CTXS and MMYT are my two favorites going forward, ST. Do your own due diligence-but worth a look. (Just thought that might look good in print later LOL)
2014-06-19 18:02:24 [Message] fib_1618 -> Chat: OH YEA
2014-06-19 18:02:31 [Message] fib_1618 -> Chat: you betcha
2014-06-19 18:02:34 [Message] fib_1618 -> Chat: in fact
2014-06-19 18:02:40 [Message] fib_1618 -> Chat: we make money in both directions
2014-06-19 18:02:44 [Message] fib_1618 -> Chat: all we do is follow money
2014-06-19 18:02:53 [Message] fib_1618 -> Chat: there is no prejudice
2014-06-19 18:02:59 [Message] fib_1618 -> Chat: and remember
2014-06-19 18:03:11 [Message] fib_1618 -> Chat: the market, by default, is always in a bear market
2014-06-19 18:03:31 [Message] thespookyone -> Chat: important thing, I think, is we don't try to make money front running either way
2014-06-19 18:03:32 [Message] fib_1618 -> Chat: it takes high levels of liquidity to keep prices moving away from this same bear market default
2014-06-19 18:03:38 [Message] fib_1618 -> Chat: yep
2014-06-19 18:03:48 [Message] fib_1618 -> Chat: the best course is to not get greedy
2014-06-19 18:03:53 [Message] fib_1618 -> Chat: remain on plan
2014-06-19 18:03:59 [Message] fib_1618 -> Chat: disciplined
2014-06-19 18:04:02 [Message] thespookyone -> Chat: that's whose account goes South
2014-06-19 18:04:25 [Message] fib_1618 -> Chat: one thing we never need to do in here is "over trade"
2014-06-19 18:04:25 [Message] rite01 -> Chat: Excellent! Now to let this start sinking in...
2014-06-19 18:04:33 [Message] fib_1618 -> Chat: just remember
2014-06-19 18:04:41 [Message] fib_1618 -> Chat: we're bullish only because the market is
2014-06-19 18:04:49 [Message] fib_1618 -> Chat: you see the data
2014-06-19 18:04:53 [Message] thespookyone -> Chat: Ride the wave till it isn't-you get a back test to get out
2014-06-19 18:04:57 [Message] fib_1618 -> Chat: Yes, some doors have been opened this week for you
2014-06-19 18:05:04 [Message] fib_1618 -> Chat: but remember
2014-06-19 18:05:13 [Message] fib_1618 -> Chat: things don't change overnight
2014-06-19 18:05:29 [Message] fib_1618 -> Chat: where you think is chaos...there is ALWAYS order
2014-06-19 18:05:39 [Message] fib_1618 -> Chat: OK...with that
2014-06-19 18:05:44 [Message] fib_1618 -> Chat: I'm going to go home
2014-06-19 18:05:49 [Message] fib_1618 -> Chat: everyone have a great weekend
2014-06-19 18:05:56 [Message] fib_1618 -> Chat: and we'll do this all again on Tuesday
2014-06-19 18:05:57 [Message] fib_1618 -> Chat: good night
2014-06-19 18:06:00 [Message] thespookyone -> Chat: thx much, sorry this bull has me pumped...
2014-06-19 18:06:19 [Message] rite01 -> Chat: Night

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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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