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fib_1618

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Reply with quote  #1 
2014-06-26 16:01:40 [Message] fib_1618 -> Chat: good day
2014-06-26 16:01:47 [Message] fib_1618 -> Chat: how is everyone?
2014-06-26 16:04:32 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2014-06-26 16:05:21 [Message] rite01 -> Chat: where can find 60-30-10 rule
2014-06-26 16:05:51 [Message] fib_1618 -> Chat: right here
2014-06-26 16:05:53 [Message] fib_1618 -> Chat: :)
2014-06-26 16:06:01 [Message] fib_1618 -> Chat: It's my rule :)
2014-06-26 16:06:11 [Message] thespookyone -> Chat: 60% market direction, 30 percent best index, 10 percent best stock
2014-06-26 16:06:36 [Message] rite01 -> Chat: Thanks spooky
2014-06-26 16:06:45 [Message] thespookyone -> Chat: no prob
2014-06-26 16:06:50 [Message] fib_1618 -> Chat: oh...you wanted what each percentage was?
2014-06-26 16:06:54 [Message] fib_1618 -> Chat: sorry...scattered here
2014-06-26 16:07:31 [Message] rite01 -> Chat: Yes and suggestions how to use it
2014-06-26 16:07:40 [Message] fib_1618 -> Chat: well...
2014-06-26 16:07:53 [Message] fib_1618 -> Chat: 60% of any trade is based on the market environment
2014-06-26 16:08:04 [Message] fib_1618 -> Chat: so you can use something like BETS indicator to help you there
2014-06-26 16:08:36 [Message] fib_1618 -> Chat: looking at which side of the McClellan Summation zero line is also a good indicator
2014-06-26 16:08:56 [Message] fib_1618 -> Chat: you always want to trade in the direction in which money is moving
2014-06-26 16:08:56 [Message] rite01 -> Chat: where can you learn more about the 30 and 10 aspect like suggestions
2014-06-26 16:09:13 [Message] fib_1618 -> Chat: if you try to go against the tide, you will tend to have busted trades
2014-06-26 16:09:19 [Message] fib_1618 -> Chat: now...
2014-06-26 16:09:38 [Message] fib_1618 -> Chat: that's a very good question since we don't have that information from DP anymore
2014-06-26 16:09:40 [Message] fib_1618 -> Chat: so...
2014-06-26 16:09:45 [Message] fib_1618 -> Chat: here's what you can do
2014-06-26 16:09:54 [Message] rite01 -> Chat: listening
2014-06-26 16:09:59 [Message] fib_1618 -> Chat: in Stock charts they allow you to make up your own scans
2014-06-26 16:10:11 [Message] fib_1618 -> Chat: you can include as many sectors as possible in those scans
2014-06-26 16:10:29 [Message] fib_1618 -> Chat: and depending on what you provide as far as criteria is concerned
2014-06-26 16:10:46 [Message] fib_1618 -> Chat: you can then know within 3 seconds which sector is the strongest or weakest on a day to day basis
2014-06-26 16:10:56 [Message] fib_1618 -> Chat: if setting up scans is too confusing
2014-06-26 16:11:37 [Message] fib_1618 -> Chat: then there is a site that uses the breadth and volume, along with the McClellan tools, to see who has the strongest and weakest strength
2014-06-26 16:11:42 [Message] fib_1618 -> Chat: and it's FREE
2014-06-26 16:13:30 [Message] fib_1618 -> Chat: go to http://www.etfinvestmentoutlook.com
2014-06-26 16:13:43 [Message] fib_1618 -> Chat: and on the left hand side of the page
2014-06-26 16:13:59 [Message] fib_1618 -> Chat: you will see the area of "ETF Rankings"
2014-06-26 16:14:10 [Message] fib_1618 -> Chat: click on those and it's all laid out for you
2014-06-26 16:14:20 [Message] fib_1618 -> Chat: plus when you put your cursor on each sector
2014-06-26 16:14:41 [Message] fib_1618 -> Chat: you will get a visual chart of the McClellan's AND the A/D line of that specific sector
2014-06-26 16:14:53 [Message] fib_1618 -> Chat: now...
2014-06-26 16:15:19 [Message] fib_1618 -> Chat: in order to see who is the leading stock in a sector that has meet your criteria
2014-06-26 16:15:28 [Message] fib_1618 -> Chat: you will have to do a little more investigating
2014-06-26 16:15:34 [Message] fib_1618 -> Chat: but my first thought here is that
2014-06-26 16:15:43 [Message] fib_1618 -> Chat: you can put in the symbol for that ETF in your search bar
2014-06-26 16:15:56 [Message] fib_1618 -> Chat: and one of the links will be to Yahoo
2014-06-26 16:16:03 [Message] fib_1618 -> Chat: on the left side of that page
2014-06-26 16:16:14 [Message] rite01 -> Chat: Thanks I'll work on it this weekend. I know this will help - sorry to take up so much time on this
2014-06-26 16:16:14 [Message] fib_1618 -> Chat: it will give you the components of that specific ETF
2014-06-26 16:16:18 [Message] fib_1618 -> Chat: from that
2014-06-26 16:16:33 [Message] fib_1618 -> Chat: you can then go back to Stock Charts and look at each individual component
2014-06-26 16:16:38 [Message] fib_1618 -> Chat: it's a little work
2014-06-26 16:16:55 [Message] rite01 -> Chat: that's what spooky always says
2014-06-26 16:16:55 [Message] fib_1618 -> Chat: but it's well worth it to increase your probability of a successful trade
2014-06-26 16:16:59 [Message] fib_1618 -> Chat: me?
2014-06-26 16:17:08 [Message] fib_1618 -> Chat: I grew up looking at chart books
2014-06-26 16:17:34 [Message] fib_1618 -> Chat: Lew...do you remember the name of the charting service that used to send out chart books of all the issues on the exchanges every two weeks?
2014-06-26 16:17:43 [Message] fib_1618 -> Chat: it wasn't trade levels
2014-06-26 16:17:51 [Message] fib_1618 -> Chat: is was...darn...can't think of it
2014-06-26 16:17:58 [Message] fib_1618 -> Chat: anyway
2014-06-26 16:18:04 [Message] fib_1618 -> Chat: every two weeks
2014-06-26 16:18:24 [Message] fib_1618 -> Chat: I would get this thick booklet of all of the stocks that traded on the NYSE
2014-06-26 16:18:30 [Message] thespookyone -> Chat: can't remember, used to use it at the library where my wife worked
2014-06-26 16:18:33 [Message] fib_1618 -> Chat: (they also had the NASDAQ and AMEX as well)
2014-06-26 16:18:50 [Message] fib_1618 -> Chat: and I would painstaking go through each page and look at chart patterns over that weekend
2014-06-26 16:19:00 [Message] fib_1618 -> Chat: find the ones that looked appealing
2014-06-26 16:19:04 [Message] fib_1618 -> Chat: and then worked the patterns
2014-06-26 16:19:07 [Message] thespookyone -> Chat: ditto
2014-06-26 16:19:17 [Message] fib_1618 -> Chat: I would say that 90% of the time I had no clue on what the company did
2014-06-26 16:19:31 [Message] fib_1618 -> Chat: all I knew that I was following tried and true charting methods
2014-06-26 16:19:41 [Message] fib_1618 -> Chat: today...it's so different
2014-06-26 16:19:45 [Message] fib_1618 -> Chat: so much information out there
2014-06-26 16:19:56 [Message] fib_1618 -> Chat: just a matter of putting together
2014-06-26 16:19:59 [Message] fib_1618 -> Chat: I got it
2014-06-26 16:20:05 [Message] fib_1618 -> Chat: it was Daily Graphs!
2014-06-26 16:20:08 [Message] rite01 -> Chat: Got it!
2014-06-26 16:20:51 [Message] fib_1618 -> Chat: and I just did a search and they are still in business
2014-06-26 16:20:53 [Message] thespookyone -> Chat: yes!
2014-06-26 16:21:18 [Message] fib_1618 -> Chat: anyway
2014-06-26 16:21:24 [Message] rite01 -> Chat: Again thanks for taking time for this
2014-06-26 16:21:26 [Message] fib_1618 -> Chat: besides Daily Graphs
2014-06-26 16:21:41 [Message] fib_1618 -> Chat: I had a number 2 pencil and 10 x 10 square per inch graph paper
2014-06-26 16:21:48 [Message] fib_1618 -> Chat: and charted my own stuff each and every day
2014-06-26 16:21:55 [Message] rite01 -> Chat: old school
2014-06-26 16:21:55 [Message] fib_1618 -> Chat: no problem
2014-06-26 16:22:00 [Message] thespookyone -> Chat: how about some hand charting on graph paper-never hurts
2014-06-26 16:22:09 [Message] fib_1618 -> Chat: got to "pay it forward"
2014-06-26 16:22:16 [Message] thespookyone -> Chat: Fib and I both did
2014-06-26 16:22:31 [Message] fib_1618 -> Chat: back in the "stone age" of technical analysis
2014-06-26 16:22:32 [Message] fib_1618 -> Chat: :)
2014-06-26 16:22:46 [Message] thespookyone -> Chat: bet it still works :)
2014-06-26 16:23:20 [Message] fib_1618 -> Chat: all of the stuff that's available today was pretty much all invented by rocket scientists and mathematicians
2014-06-26 16:23:32 [Message] fib_1618 -> Chat: before that it was a price bars and volume
2014-06-26 16:23:39 [Message] fib_1618 -> Chat: sometimes...simple is better
2014-06-26 16:23:47 [Message] fib_1618 -> Chat: in fact...most times it is
2014-06-26 16:23:54 [Message] fib_1618 -> Chat: reason being is
2014-06-26 16:24:12 [Message] fib_1618 -> Chat: many who use this or that indicator only do so by the "parrot method"
2014-06-26 16:24:36 [Message] fib_1618 -> Chat: and never take the time to understand the composition or the correct usage of the indicator itself
2014-06-26 16:24:43 [Message] fib_1618 -> Chat: it's so important to do so
2014-06-26 16:24:48 [Message] fib_1618 -> Chat: otherwise
2014-06-26 16:24:59 [Message] fib_1618 -> Chat: you start going back and forth and never getting anything done
2014-06-26 16:25:09 [Message] fib_1618 -> Chat: except to lose more and more of your stash
2014-06-26 16:25:13 [Message] rite01 -> Chat: that was me until I start here
2014-06-26 16:25:25 [Message] fib_1618 -> Chat: well...you're never too old
2014-06-26 16:25:39 [Message] fib_1618 -> Chat: the one thing in here is that you will get the truth on things
2014-06-26 16:25:45 [Message] fib_1618 -> Chat: I have no bias
2014-06-26 16:25:48 [Message] fib_1618 -> Chat: and also realize
2014-06-26 16:25:56 [Message] fib_1618 -> Chat: what may not work for me...may for others
2014-06-26 16:26:02 [Message] fib_1618 -> Chat: but first and foremost
2014-06-26 16:26:41 [Message] fib_1618 -> Chat: you need to understand the underlying basis in which everything works from
2014-06-26 16:26:45 [Message] fib_1618 -> Chat: and that's money flow
2014-06-26 16:27:06 [Message] fib_1618 -> Chat: since all of these same indicators get their information from supply and demand
2014-06-26 16:27:13 [Message] fib_1618 -> Chat: or...liquidity
2014-06-26 16:27:23 [Message] fib_1618 -> Chat: OK...enough of this small talk
2014-06-26 16:27:34 [Message] fib_1618 -> Chat: let me get SC up and see what we have to work with
2014-06-26 16:28:11 [Message] fib_1618 -> Chat: after giving us our obligatory snapback to the zero line on Wednesday
2014-06-26 16:28:20 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO moved slightly lower today
2014-06-26 16:28:34 [Message] fib_1618 -> Chat: but did not take out Tuesday's lows
2014-06-26 16:28:45 [Message] fib_1618 -> Chat: this is constructive behavior at this point
2014-06-26 16:29:04 [Message] fib_1618 -> Chat: as if there were to be a more longer lasting pull back we probably would had taken out Tuesday's lows today
2014-06-26 16:29:09 [Message] fib_1618 -> Chat: but so far...we haven't
2014-06-26 16:29:34 [Message] fib_1618 -> Chat: so this would compliment our idea that Tuesday was more of a slip and fall than anything more dire
2014-06-26 16:29:53 [Message] fib_1618 -> Chat: looking at the NYSE CO breadth MCSUM
2014-06-26 16:30:20 [Message] fib_1618 -> Chat: and we see another hesitation point in the pattern that's very similar to the one seen just two weeks ago
2014-06-26 16:30:22 [Message] fib_1618 -> Chat: now...
2014-06-26 16:30:35 [Message] fib_1618 -> Chat: one might label the structure a inverted ledge formation
2014-06-26 16:30:39 [Message] fib_1618 -> Chat: but as we also know
2014-06-26 16:31:08 [Message] fib_1618 -> Chat: ledges and fishhooks are usually only seen once within a pattern structure
2014-06-26 16:31:36 [Message] fib_1618 -> Chat: so it would be very unusual to see another ledge this fast, no less, within this current MCSUM pattern structure itself
2014-06-26 16:31:52 [Message] fib_1618 -> Chat: this then opens the door to the idea that this may be more than just a pause
2014-06-26 16:32:18 [Message] fib_1618 -> Chat: it could be that we might drop off this ledge formation to the downside instead of finding support and moving to higher highs
2014-06-26 16:32:24 [Message] fib_1618 -> Chat: so we have to be on guard a bit
2014-06-26 16:32:33 [Message] fib_1618 -> Chat: keeping in mind
2014-06-26 16:32:46 [Message] fib_1618 -> Chat: that this is only the first of the charts that we review here
2014-06-26 16:33:37 [Message] fib_1618 -> Chat: and that we know we have other information that may tip the scales one way or the other using in this kind of analysis
2014-06-26 16:34:10 [Message] fib_1618 -> Chat: it's more of a "as we see it" situation without any regard to other information
2014-06-26 16:34:18 [Message] fib_1618 -> Chat: so let's move on the composite
2014-06-26 16:34:46 [Message] fib_1618 -> Chat: now here we saw that the NYSE Composite breadth MCO not only snapped back to its zero line on Wednesday
2014-06-26 16:34:54 [Message] fib_1618 -> Chat: but it also moved back above it as well
2014-06-26 16:35:18 [Message] fib_1618 -> Chat: which gives us a different analytical value
2014-06-26 16:35:35 [Message] fib_1618 -> Chat: with the commons having to prove themselves by moving back above the MCO zero line
2014-06-26 16:35:41 [Message] fib_1618 -> Chat: while the composite has already done so
2014-06-26 16:35:45 [Message] fib_1618 -> Chat: so with that
2014-06-26 16:36:02 [Message] fib_1618 -> Chat: we would then like to see either upside follow through today
2014-06-26 16:36:07 [Message] fib_1618 -> Chat: or as we actually got
2014-06-26 16:36:25 [Message] fib_1618 -> Chat: a snapback to or toward this same zero line to test the balance of opinions in the market before then doing so
2014-06-26 16:36:30 [Message] fib_1618 -> Chat: and in this area
2014-06-26 16:36:51 [Message] fib_1618 -> Chat: it would seem that the selling has again dried up
2014-06-26 16:37:09 [Message] fib_1618 -> Chat: since we were not able to move the MCO back below the zero line
2014-06-26 16:37:25 [Message] fib_1618 -> Chat: and that it's the buyers who have control of the action at this time
2014-06-26 16:37:27 [Message] fib_1618 -> Chat: now...
2014-06-26 16:37:38 [Message] rite01 -> Chat: Have you deleted the traditional NYSE yet?
2014-06-26 16:37:39 [Message] fib_1618 -> Chat: being that we are also near the zero line
2014-06-26 16:37:42 [Message] fib_1618 -> Chat: (nope)
2014-06-26 16:38:14 [Message] fib_1618 -> Chat: this also tells us that the there is balance right now between buyers and sellers
2014-06-26 16:38:32 [Message] fib_1618 -> Chat: but since the sellers could not re-establish their control of Thursday
2014-06-26 16:38:54 [Message] fib_1618 -> Chat: this then suggests that the market is likely to move higher tomorrow since it's the easier path to travel
2014-06-26 16:39:12 [Message] fib_1618 -> Chat: I have the NYSE Composite RA MCO at a +2 today
2014-06-26 16:39:22 [Message] fib_1618 -> Chat: and guess what?
2014-06-26 16:39:29 [Message] fib_1618 -> Chat: that's a small point change of -3
2014-06-26 16:39:31 [Message] fib_1618 -> Chat: so...
2014-06-26 16:39:47 [Message] fib_1618 -> Chat: we should expect a dramatic move in the major market averages in the next two trading sessions
2014-06-26 16:40:03 [Message] fib_1618 -> Chat: being that the intermediate term trend of money remains positive
2014-06-26 16:40:21 [Message] fib_1618 -> Chat: and that the sellers were not able to take the short term trend back to their side of the fence today
2014-06-26 16:40:45 [Message] fib_1618 -> Chat: the probability is that our major move is likely to be to the upside
2014-06-26 16:41:13 [Message] fib_1618 -> Chat: and this would fit nicely with the idea that we just had a slip and fall on Tuesday
2014-06-26 16:41:17 [Message] fib_1618 -> Chat: and why
2014-06-26 16:41:19 [Message] fib_1618 -> Chat: we didn't sell
2014-06-26 16:41:27 [Message] fib_1618 -> Chat: and we certainly shouldn't short
2014-06-26 16:41:43 [Message] fib_1618 -> Chat: as the market itself was only suggesting "corrective behavior"
2014-06-26 16:41:57 [Message] fib_1618 -> Chat: and that new price highs could be seen by the beginning of next week
2014-06-26 16:42:07 [Message] fib_1618 -> Chat: so far...
2014-06-26 16:42:09 [Message] fib_1618 -> Chat: so good
2014-06-26 16:42:33 [Message] fib_1618 -> Chat: looking at the close up price chart of the NYA
2014-06-26 16:42:40 [Message] fib_1618 -> Chat: and we see that we had a reversal bar today
2014-06-26 16:42:56 [Message] fib_1618 -> Chat: where we cleared out the stops below us in the morning
2014-06-26 16:43:02 [Message] fib_1618 -> Chat: and once that was accomplished and selling subsided
2014-06-26 16:43:13 [Message] fib_1618 -> Chat: prices were bid up since all of the willing sellers were out
2014-06-26 16:43:27 [Message] fib_1618 -> Chat: it was then up to the sellers of Tuesday to show follow through
2014-06-26 16:43:31 [Message] fib_1618 -> Chat: and we didn't see that
2014-06-26 16:43:32 [Message] fib_1618 -> Chat: and now
2014-06-26 16:43:50 [Message] fib_1618 -> Chat: the ball goes into the buyers court
2014-06-26 16:44:21 [Message] fib_1618 -> Chat: and with the shorts being taken out so many times before when a "top" was indicated
2014-06-26 16:44:28 [Message] fib_1618 -> Chat: they will be quick to cover on any further strength
2014-06-26 16:44:38 [Message] fib_1618 -> Chat: and we can see new price highs as soon as Friday
2014-06-26 16:44:45 [Message] fib_1618 -> Chat: Monday at the latest
2014-06-26 16:44:52 [Message] thespookyone -> Chat: man, are they beared up at TT
2014-06-26 16:45:02 [Message] fib_1618 -> Chat: remember we had the discussion on Key Reversals?
2014-06-26 16:45:16 [Message] fib_1618 -> Chat: I saw at least 5 posts around the net claiming top!
2014-06-26 16:45:22 [Message] fib_1618 -> Chat: sigh...
2014-06-26 16:45:32 [Message] fib_1618 -> Chat: I'm sure
2014-06-26 16:45:39 [Message] fib_1618 -> Chat: I'm done over there for now
2014-06-26 16:45:45 [Message] fib_1618 -> Chat: time for me to take another break
2014-06-26 16:46:11 [Message] fib_1618 -> Chat: they can follow those who trade with their hearts on their sleeves...
2014-06-26 16:46:23 [Message] fib_1618 -> Chat: I won't be missed
2014-06-26 16:46:25 [Message] fib_1618 -> Chat: anyway
2014-06-26 16:46:27 [Message] thespookyone -> Chat: I took over and revoked the key reversal for you LOL
2014-06-26 16:46:32 [Message] fib_1618 -> Chat: lol
2014-06-26 16:46:44 [Message] fib_1618 -> Chat: they won't listen
2014-06-26 16:46:48 [Message] thespookyone -> Chat: nope
2014-06-26 16:46:51 [Message] fib_1618 -> Chat: if it doesn't agree with their bias
2014-06-26 16:46:56 [Message] fib_1618 -> Chat: look...
2014-06-26 16:47:05 [Message] fib_1618 -> Chat: I'm very sorry that the market continues to say to be long
2014-06-26 16:47:10 [Message] fib_1618 -> Chat: and we continue to be long
2014-06-26 16:47:17 [Message] fib_1618 -> Chat: I would love to play the downside too
2014-06-26 16:47:28 [Message] fib_1618 -> Chat: but there really hasn't been anything out there to say so
2014-06-26 16:47:33 [Message] fib_1618 -> Chat: a little fun in May, maybe
2014-06-26 16:47:38 [Message] fib_1618 -> Chat: but as soon as it occurred
2014-06-26 16:47:40 [Message] fib_1618 -> Chat: it was over
2014-06-26 16:47:51 [Message] fib_1618 -> Chat: <shrug>
2014-06-26 16:47:59 [Message] thespookyone -> Chat: when it's really time - we'll short the back test and kill it
2014-06-26 16:48:14 [Message] PrincelyM -> Chat: I wouldn't belittle TT so much - The best thing I got from the forum - IS what ALL NOT to do... :) And of course discovering you guys and this forum/chat
2014-06-26 16:48:22 [Message] rite01 -> Chat: the reason I'm here is you were right almost all the time on your posting at TT.
2014-06-26 16:48:28 [Message] fib_1618 -> Chat: when it's really time every single one of those who have fought this trend will be shouting bull
2014-06-26 16:48:29 [Message] fib_1618 -> Chat: you watch
2014-06-26 16:48:38 [Message] fib_1618 -> Chat: well..
2014-06-26 16:48:41 [Message] fib_1618 -> Chat: I can be wrong too...and there are some talented individuals there
2014-06-26 16:48:47 [Message] fib_1618 -> Chat: but here's the trick
2014-06-26 16:48:52 [Message] fib_1618 -> Chat: I just let the market do the talking
2014-06-26 16:49:09 [Message] fib_1618 -> Chat: since everyone believes that it's the final arbitrator anyway
2014-06-26 16:49:12 [Message] thespookyone -> Chat: well Fib, if we are wrong, it will at least be technically based...
2014-06-26 16:49:29 [Message] fib_1618 -> Chat: and if it's technically based
2014-06-26 16:49:36 [Message] fib_1618 -> Chat: it hasn't been wrong yet, has it?
2014-06-26 16:49:41 [Message] thespookyone -> Chat: nope
2014-06-26 16:50:14 [Message] fib_1618 -> Chat: we can not help outside news events that may provide rogue waves
2014-06-26 16:50:27 [Message] fib_1618 -> Chat: even when you're in the ocean during a rip tide
2014-06-26 16:50:37 [Message] fib_1618 -> Chat: there are other forces not seen that can knock you off balance from time to time
2014-06-26 16:50:56 [Message] fib_1618 -> Chat: no one can predict an earthquake
2014-06-26 16:51:00 [Message] fib_1618 -> Chat: a tsunami
2014-06-26 16:51:07 [Message] fib_1618 -> Chat: someone setting off a bomb
2014-06-26 16:51:34 [Message] fib_1618 -> Chat: all we can do is know how liquid the market is and whether it can absorb such events or not
2014-06-26 16:51:48 [Message] rite01 -> Chat: All this makes sense because It takes away your bias
2014-06-26 16:51:54 [Message] fib_1618 -> Chat: human emotion can not be under estimated
2014-06-26 16:52:00 [Message] fib_1618 -> Chat: exactly
2014-06-26 16:52:04 [Message] fib_1618 -> Chat: we look at what is
2014-06-26 16:52:08 [Message] fib_1618 -> Chat: and not what could be
2014-06-26 16:52:18 [Message] fib_1618 -> Chat: the funny thing about this business is
2014-06-26 16:52:26 [Message] fib_1618 -> Chat: everyone wants to be the one to call this or that
2014-06-26 16:52:28 [Message] fib_1618 -> Chat: a price level
2014-06-26 16:52:33 [Message] fib_1618 -> Chat: a time window
2014-06-26 16:52:49 [Message] fib_1618 -> Chat: and all of this is impossible without knowing what you're working with
2014-06-26 16:52:54 [Message] fib_1618 -> Chat: for example
2014-06-26 16:53:19 [Message] fib_1618 -> Chat: there is enough money in the market right now to where prices in the SPX can approach the 2250 level
2014-06-26 16:53:23 [Message] fib_1618 -> Chat: and not more than that
2014-06-26 16:53:33 [Message] fib_1618 -> Chat: so anyone who comes out and says SPX 3000
2014-06-26 16:53:47 [Message] fib_1618 -> Chat: is just making a random guess based on his own opinion and nothing of substantive proof that it can, indeed, take place
2014-06-26 16:54:07 [Message] fib_1618 -> Chat: the market can not attain a price point unless it has the energy to make it so
2014-06-26 16:54:13 [Message] fib_1618 -> Chat: or in the case of a downside target
2014-06-26 16:54:35 [Message] fib_1618 -> Chat: there isn't enough money in the system to keep it from moving to these same targets
2014-06-26 16:54:44 [Message] fib_1618 -> Chat: good example there is during the 2000 top in the NASDAQ
2014-06-26 16:55:04 [Message] fib_1618 -> Chat: when everyone was frothing at the mouth about the future of the internet
2014-06-26 16:55:17 [Message] fib_1618 -> Chat: the NASDAQ breadth MCSUM never moved above its zero line during the final run up
2014-06-26 16:55:20 [Message] fib_1618 -> Chat: never
2014-06-26 16:55:33 [Message] fib_1618 -> Chat: it basically moved sideways during that final advance from all of 1999 to the March 2000 top
2014-06-26 16:55:36 [Message] fib_1618 -> Chat: now...technically
2014-06-26 16:56:02 [Message] fib_1618 -> Chat: this told the technician that this was a classic terminal topping pattern in a parabolic price structure
2014-06-26 16:56:22 [Message] fib_1618 -> Chat: and once the MCSUM broke below the range in which it was moving below its zero line to the downside
2014-06-26 16:56:40 [Message] fib_1618 -> Chat: which, if I remember correctly, was March 13th of 2000 (I was in Vegas)
2014-06-26 16:56:56 [Message] fib_1618 -> Chat: that breakdown gave us a downside target in the NASDAQ of 3100
2014-06-26 16:57:00 [Message] fib_1618 -> Chat: now...remember
2014-06-26 16:57:05 [Message] fib_1618 -> Chat: we were at 5000 at that time
2014-06-26 16:57:17 [Message] fib_1618 -> Chat: and when I made that forecast over on the old Elliott Wave board
2014-06-26 16:57:29 [Message] fib_1618 -> Chat: I was told I was a Charlatan!
2014-06-26 16:57:39 [Message] fib_1618 -> Chat: that I had no idea what I was taking about
2014-06-26 16:57:46 [Message] fib_1618 -> Chat: needless to say, the technicals were right
2014-06-26 16:58:00 [Message] fib_1618 -> Chat: and many made big wampum during that time
2014-06-26 16:58:06 [Message] fib_1618 -> Chat: it was
2014-06-26 16:58:08 [Message] thespookyone -> Chat: :)
2014-06-26 16:58:12 [Message] fib_1618 -> Chat: like it is now
2014-06-26 16:58:23 [Message] fib_1618 -> Chat: an easy trade...or at least, as easy as it gets
2014-06-26 16:58:31 [Message] thespookyone -> Chat: my dad and I smoked it
2014-06-26 16:58:33 [Message] fib_1618 -> Chat: right now
2014-06-26 16:58:48 [Message] fib_1618 -> Chat: we are riding higher on the 3rd formation line of trend right now
2014-06-26 16:59:09 [Message] fib_1618 -> Chat: because of this accelerated angle of ascent
2014-06-26 16:59:46 [Message] fib_1618 -> Chat: it's going to take about 18 months for it to breakdown conclusively below the 2nd and 1st degree fan formation lines before one can say we have a bear trend!
2014-06-26 16:59:56 [Message] fib_1618 -> Chat: now...
2014-06-26 17:00:12 [Message] fib_1618 -> Chat: the sellers will say...hey - that's 10% or 20% decline
2014-06-26 17:00:19 [Message] fib_1618 -> Chat: and they would probably be right
2014-06-26 17:00:27 [Message] fib_1618 -> Chat: but what did the market gain last year?
2014-06-26 17:00:31 [Message] fib_1618 -> Chat: 30-40%?
2014-06-26 17:00:41 [Message] fib_1618 -> Chat: with that kind of gain
2014-06-26 17:01:01 [Message] fib_1618 -> Chat: wouldn't it be reasonable to have corrections that would mimic this larger trend?
2014-06-26 17:01:10 [Message] fib_1618 -> Chat: so...it's about context
2014-06-26 17:01:41 [Message] fib_1618 -> Chat: and being able to grab as much money in either direction as long as the ingredients are there for it to make it happen
2014-06-26 17:01:43 [Message] fib_1618 -> Chat: now...
2014-06-26 17:02:03 [Message] fib_1618 -> Chat: two weeks ago we had the put speculators going bust on a 2 day decline
2014-06-26 17:02:05 [Message] fib_1618 -> Chat: this time
2014-06-26 17:02:16 [Message] fib_1618 -> Chat: it's something that looks like a "key reversal"
2014-06-26 17:02:33 [Message] fib_1618 -> Chat: and if the NYSE McClellan data is correct
2014-06-26 17:02:43 [Message] fib_1618 -> Chat: once again we will be moving to higher highs
2014-06-26 17:02:52 [Message] fib_1618 -> Chat: on the back of an ongoing "wall of worry"
2014-06-26 17:03:10 [Message] fib_1618 -> Chat: the market is playing with everyone who throws money at it
2014-06-26 17:03:39 [Message] fib_1618 -> Chat: our job is the separate the chafe from that part of the wheat that has no use
2014-06-26 17:03:49 [Message] fib_1618 -> Chat: up
2014-06-26 17:03:51 [Message] fib_1618 -> Chat: down
2014-06-26 17:03:53 [Message] fib_1618 -> Chat: sideways
2014-06-26 17:03:57 [Message] fib_1618 -> Chat: who cares?
2014-06-26 17:04:02 [Message] fib_1618 -> Chat: by what time period?
2014-06-26 17:04:05 [Message] fib_1618 -> Chat: WHO CARES!!
2014-06-26 17:04:18 [Message] fib_1618 -> Chat: our main enemy here is the market
2014-06-26 17:04:21 [Message] fib_1618 -> Chat: not each other
2014-06-26 17:04:41 [Message] fib_1618 -> Chat: but ego can be a problem for many
2014-06-26 17:04:54 [Message] fib_1618 -> Chat: oh wow...let's get back to work..time is fleeting
2014-06-26 17:05:15 [Message] thespookyone -> Chat: I would add that patience pays in this market-wait for it-THEN kill it
2014-06-26 17:05:17 [Message] fib_1618 -> Chat: watch the NYSE Composite breadth MCSUM on any new highs in prices we might see near term
2014-06-26 17:05:28 [Message] fib_1618 -> Chat: ideally we want to see new highs there along with price
2014-06-26 17:05:36 [Message] fib_1618 -> Chat: yep
2014-06-26 17:05:45 [Message] fib_1618 -> Chat: you must trade on your terms
2014-06-26 17:06:03 [Message] fib_1618 -> Chat: keeping in mind the most important thing in this business is that cash is also a position
2014-06-26 17:06:16 [Message] thespookyone -> Chat: BET!
2014-06-26 17:06:19 [Message] fib_1618 -> Chat: it's capital appreciation, yes
2014-06-26 17:06:24 [Message] fib_1618 -> Chat: but more importantly
2014-06-26 17:06:30 [Message] fib_1618 -> Chat: it's capital PRESERVATION
2014-06-26 17:06:40 [Message] fib_1618 -> Chat: the bigger the risk you take
2014-06-26 17:07:07 [Message] fib_1618 -> Chat: the bigger the return....or loss
2014-06-26 17:07:17 [Message] fib_1618 -> Chat: as we get older
2014-06-26 17:07:22 [Message] fib_1618 -> Chat: we know that we can't make it back again
2014-06-26 17:07:30 [Message] fib_1618 -> Chat: so if you're 25
2014-06-26 17:07:36 [Message] fib_1618 -> Chat: and you want to play options or futures
2014-06-26 17:07:38 [Message] fib_1618 -> Chat: be my guest
2014-06-26 17:08:11 [Message] fib_1618 -> Chat: especially those "out of the money" near month options that you buy for .25 and hope to double or triple you money
2014-06-26 17:08:20 [Message] fib_1618 -> Chat: and where time is your enemy
2014-06-26 17:08:38 [Message] fib_1618 -> Chat: anyway...watch the NYSE MCSUM
2014-06-26 17:08:47 [Message] fib_1618 -> Chat: if it should happen to break to new highs
2014-06-26 17:08:56 [Message] fib_1618 -> Chat: and then we see larger post separation to the upside
2014-06-26 17:08:59 [Message] fib_1618 -> Chat: watch out above
2014-06-26 17:09:22 [Message] fib_1618 -> Chat: especially since the sellers are showing little power here
2014-06-26 17:09:29 [Message] fib_1618 -> Chat: and if this idea didn't hit home on Tuesday
2014-06-26 17:09:38 [Message] fib_1618 -> Chat: the last two days should help clarify things
2014-06-26 17:09:57 [Message] fib_1618 -> Chat: as we expected
2014-06-26 17:10:09 [Message] fib_1618 -> Chat: the NASDAQ breadth MCO did bounce off its zero line on Wednesday
2014-06-26 17:10:16 [Message] fib_1618 -> Chat: and like the NYSE Composite
2014-06-26 17:10:23 [Message] fib_1618 -> Chat: we had a small snapback to the zero line today
2014-06-26 17:10:24 [Message] fib_1618 -> Chat: now..
2014-06-26 17:10:39 [Message] fib_1618 -> Chat: the pattern here is a bit different from that of the NYSE
2014-06-26 17:10:59 [Message] fib_1618 -> Chat: where it's very important that the buyers not so much move higher from here
2014-06-26 17:11:13 [Message] fib_1618 -> Chat: but do so in a way that where strength is applied
2014-06-26 17:11:22 [Message] fib_1618 -> Chat: in this case
2014-06-26 17:11:47 [Message] fib_1618 -> Chat: it will be important that we see a higher high above the last reaction point at the +40 level
2014-06-26 17:11:51 [Message] fib_1618 -> Chat: if this occurs
2014-06-26 17:12:08 [Message] fib_1618 -> Chat: than a more complex bullish structure is likely developing in this MCO
2014-06-26 17:12:55 [Message] thespookyone -> Chat: If the next move up is a fifth, will the internals diverge?
2014-06-26 17:13:18 [Message] fib_1618 -> Chat: and this would equate for the price pattern to take more time to where the momentum of this same fuel being used is going to take to exhaust itself
2014-06-26 17:13:22 [Message] fib_1618 -> Chat: in other words
2014-06-26 17:13:27 [Message] fib_1618 -> Chat: any move above +40 on this MCO
2014-06-26 17:13:50 [Message] fib_1618 -> Chat: would then extend the time line out beyond our July 4th time window into, at least, the end of July
2014-06-26 17:13:55 [Message] fib_1618 -> Chat: yes...
2014-06-26 17:14:03 [Message] fib_1618 -> Chat: 5th waves diverge with wave 3
2014-06-26 17:14:11 [Message] fib_1618 -> Chat: as C waves diverge with A
2014-06-26 17:14:11 [Message] thespookyone -> Chat: thought so, but wanted to confirm-thx
2014-06-26 17:14:23 [Message] fib_1618 -> Chat: always a good reminder for discussion
2014-06-26 17:16:46 [Message] fib_1618 -> Chat: oh...and yes
2014-06-26 17:16:56 [Message] fib_1618 -> Chat: there was a small point change on the NASDAQ breadth MCO today
2014-06-26 17:17:18 [Message] fib_1618 -> Chat: moving to the NDX breadth MCO
2014-06-26 17:17:41 [Message] fib_1618 -> Chat: and here it also turned lower after snapping back to its zero line on Wednesday
2014-06-26 17:17:48 [Message] fib_1618 -> Chat: and fortunately for the bulls
2014-06-26 17:17:52 [Message] fib_1618 -> Chat: it did not move to a lower low
2014-06-26 17:18:04 [Message] fib_1618 -> Chat: but its literally shaking hands with this same low
2014-06-26 17:18:26 [Message] fib_1618 -> Chat: so as important as it is for the NASDAQ to show good upside follow through on Friday
2014-06-26 17:18:41 [Message] fib_1618 -> Chat: it's even more so with the NDX basket of stocks as well
2014-06-26 17:19:08 [Message] fib_1618 -> Chat: looking at the price pattern
2014-06-26 17:19:30 [Message] fib_1618 -> Chat: and we have a classic sideways consolidation that's complimentary of that of a triangle
2014-06-26 17:19:43 [Message] fib_1618 -> Chat: which was something we though might happen on Tuesday
2014-06-26 17:19:54 [Message] fib_1618 -> Chat: so we could have on more inside range day on Friday with a down close
2014-06-26 17:20:11 [Message] fib_1618 -> Chat: and then the upside break into next the end of next week
2014-06-26 17:20:16 [Message] thespookyone -> Chat: many of these scream "4 wave" to me-which also fits out current time plan
2014-06-26 17:20:20 [Message] fib_1618 -> Chat: let me check the economic calendar for next week
2014-06-26 17:20:31 [Message] fib_1618 -> Chat: yes, could be a 4th wave
2014-06-26 17:20:36 [Message] fib_1618 -> Chat: but of what degree of trend?
2014-06-26 17:20:38 [Message] fib_1618 -> Chat: :)
2014-06-26 17:20:40 [Message] fib_1618 -> Chat: one moment
2014-06-26 17:21:41 [Message] fib_1618 -> Chat: just wanted to check
2014-06-26 17:21:53 [Message] fib_1618 -> Chat: yes, the jobs data will be coming out a day early next week...on Thursday
2014-06-26 17:21:57 [Message] fib_1618 -> Chat: which reminds me
2014-06-26 17:22:17 [Message] fib_1618 -> Chat: remember that chats next week are Tuesday and Wednesday because of the Friday holiday
2014-06-26 17:22:40 [Message] fib_1618 -> Chat: I should have July's schedule up this weekend
2014-06-26 17:23:51 [Message] fib_1618 -> Chat: classic snapback to the zero line on Wednesday for the SPX breadth MCO as well
2014-06-26 17:23:56 [Message] fib_1618 -> Chat: with no lower lows today
2014-06-26 17:24:29 [Message] fib_1618 -> Chat: same with the OEX breadth MCO
2014-06-26 17:24:48 [Message] fib_1618 -> Chat: but we also note that the OEX breadth MCSUM is showing a bit more weakness right now
2014-06-26 17:25:10 [Message] fib_1618 -> Chat: and it's in danger of moving below the recent lows seen on the 21 day close up chart
2014-06-26 17:25:36 [Message] fib_1618 -> Chat: lower low on the Dow breadth MCO
2014-06-26 17:25:53 [Message] fib_1618 -> Chat: so we'll need to watch how the market comes out of the gate in the AM
2014-06-26 17:26:13 [Message] fib_1618 -> Chat: as the bulls will need to again belly up to the bar and show a bit of conviction near term to hold things in check
2014-06-26 17:26:31 [Message] fib_1618 -> Chat: or we might be seeing some downside follow through that would give the sellers the upper hand
2014-06-26 17:26:35 [Message] fib_1618 -> Chat: at least with the large caps
2014-06-26 17:27:06 [Message] fib_1618 -> Chat: the MID breadth MCO didn't move to lower lows after snapping back up to its zero line
2014-06-26 17:27:44 [Message] fib_1618 -> Chat: and the SML breadth MCO continues to look more buoyant as it bounced off it zero line and it's now retesting this same level of neutrality today
2014-06-26 17:27:52 [Message] fib_1618 -> Chat: who will win this near term battle I wonder?
2014-06-26 17:28:15 [Message] fib_1618 -> Chat: and a small point change on the TM breadth MCO
2014-06-26 17:28:27 [Message] fib_1618 -> Chat: as it remains above its zero line
2014-06-26 17:28:47 [Message] fib_1618 -> Chat: suggesting that the balance of power, at least at the close today, remains with the bulls
2014-06-26 17:28:52 [Message] fib_1618 -> Chat: it's theirs to lose
2014-06-26 17:28:55 [Message] fib_1618 -> Chat: so....
2014-06-26 17:29:02 [Message] fib_1618 -> Chat: not too much of a change from Tuesday
2014-06-26 17:29:13 [Message] fib_1618 -> Chat: where we got our anticipated bounces on Wednesday
2014-06-26 17:29:39 [Message] fib_1618 -> Chat: but there hasn't been any real breakdown in the technicals to suggest that there is much of an effort by the sellers at this stage
2014-06-26 17:29:58 [Message] fib_1618 -> Chat: this could change tomorrow if the buyers don't take advantage of this opportunity
2014-06-26 17:30:04 [Message] fib_1618 -> Chat: keeping in mind
2014-06-26 17:30:14 [Message] fib_1618 -> Chat: that we did get a NYSE TRIN buy signal on Tuesday
2014-06-26 17:30:15 [Message] fib_1618 -> Chat: and so far
2014-06-26 17:30:37 [Message] fib_1618 -> Chat: we're backing and filling...as one would expect after such a "slip and fall"
2014-06-26 17:31:00 [Message] fib_1618 -> Chat: let's quickly look at the sector McClellan's
2014-06-26 17:31:22 [Message] fib_1618 -> Chat: small point change on the XLY breadth MCO
2014-06-26 17:31:36 [Message] fib_1618 -> Chat: as it's right at its zero line
2014-06-26 17:31:46 [Message] fib_1618 -> Chat: so one side is about to take control there
2014-06-26 17:32:09 [Message] fib_1618 -> Chat: small point change as well on the XLP breadth MCO
2014-06-26 17:32:29 [Message] fib_1618 -> Chat: but when we look at the XLP breadth MCSUM 1 year pattern
2014-06-26 17:32:38 [Message] fib_1618 -> Chat: we can see the pattern starting to actually sag to the downside now
2014-06-26 17:32:55 [Message] fib_1618 -> Chat: which, if we're going to see a price top next week
2014-06-26 17:33:45 [Message] fib_1618 -> Chat: something like this would be consistent to that as money would start to leave the "safety" of defensive issues and go into that growth right before the top
2014-06-26 17:34:27 [Message] fib_1618 -> Chat: anybody in that one should probably place a stop at .10 below the 6/16 intraday low
2014-06-26 17:34:35 [Message] fib_1618 -> Chat: otherwise...hold
2014-06-26 17:35:14 [Message] fib_1618 -> Chat: well...I guess we can see where the major damage was done on Tuesday reversal as we look at the XLE price chart
2014-06-26 17:35:26 [Message] fib_1618 -> Chat: not surprising given the high MCO and MCSUM readings going into Tuesday's reversal
2014-06-26 17:36:02 [Message] fib_1618 -> Chat: but with the XLE breadth MCSUM at such lofty levels (+1660)
2014-06-26 17:36:21 [Message] fib_1618 -> Chat: all we're working with here is a simple pullback within a very strong price trend
2014-06-26 17:36:31 [Message] fib_1618 -> Chat: so a hold there
2014-06-26 17:37:00 [Message] fib_1618 -> Chat: we now have lower lows in the XLF breadth MCSUM
2014-06-26 17:37:28 [Message] fib_1618 -> Chat: and that's after finding technical resistance at the +1250 level (like magic)
2014-06-26 17:37:47 [Message] fib_1618 -> Chat: looks like chop there
2014-06-26 17:38:53 [Message] fib_1618 -> Chat: the XLV breadth MCSUM gives another fine example that even when the MCSUM tops out, you usually can and do see higher price highs before the move exhausts itself
2014-06-26 17:38:57 [Message] fib_1618 -> Chat: in other words
2014-06-26 17:39:11 [Message] fib_1618 -> Chat: a change in direction in the MCSUM usually doesn't mean what many believe it to be
2014-06-26 17:39:18 [Message] fib_1618 -> Chat: primary because
2014-06-26 17:39:25 [Message] fib_1618 -> Chat: they don't know what they're looking at and take it at face value
2014-06-26 17:40:23 [Message] fib_1618 -> Chat: looks like the XLI is stuck in a trading range right now of about 1 point between top and bottom
2014-06-26 17:40:35 [Message] fib_1618 -> Chat: and so goes the Dow Industrials and Transports
2014-06-26 17:41:20 [Message] fib_1618 -> Chat: the XLB continues to chop around with the MCO below its zero line and the MCO components above theirs
2014-06-26 17:41:46 [Message] fib_1618 -> Chat: we're now seeing some weakness in the XLK breadth MCO
2014-06-26 17:42:02 [Message] fib_1618 -> Chat: as it moved to a lower low today after snapping back to its zero line on Wednesday
2014-06-26 17:42:08 [Message] fib_1618 -> Chat: actually
2014-06-26 17:42:11 [Message] fib_1618 -> Chat: that's incorrect
2014-06-26 17:42:32 [Message] fib_1618 -> Chat: it held above its zero line
2014-06-26 17:42:39 [Message] fib_1618 -> Chat: but didn't get any upside follow through today
2014-06-26 17:42:46 [Message] fib_1618 -> Chat: and that's a bit troubling
2014-06-26 17:42:57 [Message] fib_1618 -> Chat: so this might be the sector to watch on Friday
2014-06-26 17:43:06 [Message] fib_1618 -> Chat: as it goes...so goes the NASDAQ
2014-06-26 17:43:30 [Message] fib_1618 -> Chat: and we moved to higher highs today in the XLU breadth MCSUM
2014-06-26 17:43:53 [Message] fib_1618 -> Chat: and this would confirm the all time highs in the price index itself
2014-06-26 17:44:01 [Message] fib_1618 -> Chat: so...
2014-06-26 17:44:07 [Message] fib_1618 -> Chat: several of the sectors are compressed
2014-06-26 17:44:14 [Message] fib_1618 -> Chat: as is much of the market right now
2014-06-26 17:44:22 [Message] fib_1618 -> Chat: as it looks for more information to work with
2014-06-26 17:44:48 [Message] fib_1618 -> Chat: Thursday provided no internal downside follow through to speak of
2014-06-26 17:45:04 [Message] fib_1618 -> Chat: and with the majority of the MCO's at a neutral base
2014-06-26 17:45:26 [Message] fib_1618 -> Chat: we'll have to wait and see who will take the initial stance of control near term
2014-06-26 17:46:05 [Message] fib_1618 -> Chat: CVI's are basically neutral
2014-06-26 17:46:12 [Message] fib_1618 -> Chat: (surprise surprise)
2014-06-26 17:46:22 [Message] fib_1618 -> Chat: STVO"s are close to neutral now
2014-06-26 17:46:38 [Message] fib_1618 -> Chat: and the VTO's are now starting to unwind their "overbought" conditions
2014-06-26 17:47:26 [Message] fib_1618 -> Chat: with these indicators it would appear that our idea of a correction in time, instead of it being that of price, is the path that we're taking (so far)
2014-06-26 17:47:46 [Message] fib_1618 -> Chat: NYSE TRIN at 1.14
2014-06-26 17:48:05 [Message] fib_1618 -> Chat: Open 10 at 1.00
2014-06-26 17:48:13 [Message] fib_1618 -> Chat: so just minimally "oversold" now
2014-06-26 17:48:27 [Message] fib_1618 -> Chat: that would leave the door open for more chop near term
2014-06-26 17:48:38 [Message] fib_1618 -> Chat: NASDAQ TRIN at .84
2014-06-26 17:48:50 [Message] fib_1618 -> Chat: Open 10 at .81
2014-06-26 17:49:07 [Message] fib_1618 -> Chat: still knocking on the door of minimally "overbought"
2014-06-26 17:49:19 [Message] fib_1618 -> Chat: TM TRIN at .96
2014-06-26 17:49:29 [Message] fib_1618 -> Chat: Open 10 at .90
2014-06-26 17:49:34 [Message] fib_1618 -> Chat: neutral
2014-06-26 17:49:35 [Message] fib_1618 -> Chat: so...
2014-06-26 17:49:51 [Message] fib_1618 -> Chat: it would seem that we continue to be in a corrective sequence
2014-06-26 17:50:11 [Message] fib_1618 -> Chat: with no real showing by either side on whether they want to carry the ball or not
2014-06-26 17:50:14 [Message] fib_1618 -> Chat: overall
2014-06-26 17:50:27 [Message] fib_1618 -> Chat: the buyers continue to hold court on an intermediate term basis
2014-06-26 17:50:33 [Message] fib_1618 -> Chat: that being of 4-8 weeks
2014-06-26 17:50:39 [Message] fib_1618 -> Chat: while short term
2014-06-26 17:50:52 [Message] fib_1618 -> Chat: unless we get some sort of power play by Monday
2014-06-26 17:51:14 [Message] fib_1618 -> Chat: the rest of next week could turn into a very slow week as many will likely take off by Wednesday
2014-06-26 17:51:57 [Message] fib_1618 -> Chat: with only the jobs numbers on Thursday allowing the rest to stick around to lunch time and then take off for the long weekend
2014-06-26 17:52:02 [Message] fib_1618 -> Chat: bottom line
2014-06-26 17:52:36 [Message] fib_1618 -> Chat: if anything is going to push the market in one direction or the other for the next week, the trigger will probably come by Monday morning
2014-06-26 17:53:04 [Message] fib_1618 -> Chat: for now...well...let's see what the BETS says, shall we?
2014-06-26 17:54:05 [Message] fib_1618 -> Chat: NYAD line closed at all time highs today
2014-06-26 17:54:13 [Message] fib_1618 -> Chat: +85
2014-06-26 17:54:18 [Message] fib_1618 -> Chat: Strong Buy
2014-06-26 17:54:28 [Message] fib_1618 -> Chat: so...who am I to argue? :)
2014-06-26 17:54:33 [Message] fib_1618 -> Chat: anything else?
2014-06-26 17:54:35 [Message] rite01 -> Chat: One last ? Are the CVI, Stov and Vto's in the decision points indicators section? 
2014-06-26 17:54:41 [Message] thespookyone -> Chat: do you know where I can find the Eliades trin on stock charts?
2014-06-26 17:55:18 [Message] fib_1618 -> Chat: yes Mike...they are under DPMI 1030 - OBV Indicator Set
2014-06-26 17:55:38 [Message] fib_1618 -> Chat: the TRIN data is just above that...ARMS Indexs
2014-06-26 17:55:49 [Message] fib_1618 -> Chat: oh...let me look
2014-06-26 17:55:52 [Message] fib_1618 -> Chat: good question
2014-06-26 17:56:35 [Message] thespookyone -> Chat: I found it, I just used the search, but thx
2014-06-26 17:57:37 [Message] fib_1618 -> Chat: where is it?
2014-06-26 17:57:53 [Message] thespookyone -> Chat: I used the search at the top of the page
2014-06-26 17:58:05 [Message] fib_1618 -> Chat: so you have a chart?
2014-06-26 17:58:07 [Message] fib_1618 -> Chat: OK...
2014-06-26 17:58:12 [Message] thespookyone -> Chat: yep
2014-06-26 17:58:16 [Message] fib_1618 -> Chat: it's not in any of the groups
2014-06-26 17:58:19 [Message] fib_1618 -> Chat: good to know
2014-06-26 17:58:23 [Message] fib_1618 -> Chat: what's it at?
2014-06-26 17:58:25 [Message] thespookyone -> Chat: didn't see it
2014-06-26 17:58:32 [Message] thespookyone -> Chat: .74
2014-06-26 17:58:38 [Message] fib_1618 -> Chat: pretty low
2014-06-26 17:58:51 [Message] fib_1618 -> Chat: I'll have to look at the chart later
2014-06-26 17:58:55 [Message] fib_1618 -> Chat: anything else?
2014-06-26 17:59:17 [Message] rite01 -> Chat: Nope - good light all - Have a good weekend
2014-06-26 17:59:24 [Message] thespookyone -> Chat: thx
2014-06-26 17:59:36 [Message] fib_1618 -> Chat: OK...if there's nothing else
2014-06-26 17:59:39 [Message] fib_1618 -> Chat: then I'm going to take off
2014-06-26 17:59:45 [Message] fib_1618 -> Chat: everyone have a great weekend!
2014-06-26 17:59:50 [Message] fib_1618 -> Chat: and we'll do this all again on Tuesday
2014-06-26 17:59:51 [Message] fib_1618 -> Chat: good 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

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"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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