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fib_1618

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Reply with quote  #1 
2014-06-03 16:00:38 [Message] fib_1618 -> Chat: good day
2014-06-03 16:00:41 [Message] fib_1618 -> Chat: how is everyone?
2014-06-03 16:07:01 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2014-06-03 16:07:14 [Message] thespookyone -> Chat: Looks like consolidation
2014-06-03 16:07:24 [Message] fib_1618 -> Chat: it does...near term
2014-06-03 16:07:46 [Message] fib_1618 -> Chat: it will be important for the NYSE MCO to show a bit more conviction here
2014-06-03 16:08:06 [Message] fib_1618 -> Chat: or the shuttle might not have enough to attain orbit
2014-06-03 16:10:54 [Message] fib_1618 -> Chat: OK...let's get SC up and get started
2014-06-03 16:11:24 [Message] fib_1618 -> Chat: after showing a lack of upside follow through last Friday
2014-06-03 16:11:42 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO continued to snapback to or toward its zero line today
2014-06-03 16:11:53 [Message] fib_1618 -> Chat: settling at a +12 reading
2014-06-03 16:12:04 [Message] fib_1618 -> Chat: and looking at the CO components
2014-06-03 16:12:18 [Message] fib_1618 -> Chat: we see that they remain above their zero line and on a crossover buy signal
2014-06-03 16:12:54 [Message] fib_1618 -> Chat: the NYSE CO breadth MCSUM itself cleared one level of horizontal resistance
2014-06-03 16:13:24 [Message] fib_1618 -> Chat: but it seems to be having an issue in moving above mid April high point at this stage
2014-06-03 16:13:53 [Message] fib_1618 -> Chat: looking at the price pattern of the NYA
2014-06-03 16:14:03 [Message] fib_1618 -> Chat: and we see that we had an inside range day
2014-06-03 16:14:09 [Message] fib_1618 -> Chat: and given that we closed higher on Monday
2014-06-03 16:14:21 [Message] fib_1618 -> Chat: this would suggest that we should see a down close on Wednesday
2014-06-03 16:14:26 [Message] fib_1618 -> Chat: let's see how the composite looks
2014-06-03 16:15:01 [Message] fib_1618 -> Chat: the NYSE Composite breadth MCO has now fully snapped back to its zero line
2014-06-03 16:15:14 [Message] fib_1618 -> Chat: coming in today with a reading of -4
2014-06-03 16:15:32 [Message] fib_1618 -> Chat: and looking at the components
2014-06-03 16:15:52 [Message] fib_1618 -> Chat: we see that we have a crossover sell signal between the 10% and 5% Trends
2014-06-03 16:15:59 [Message] fib_1618 -> Chat: taken together
2014-06-03 16:16:18 [Message] fib_1618 -> Chat: this should be enough where we'll see an attempt to bounce higher near term
2014-06-03 16:16:41 [Message] fib_1618 -> Chat: while looking at the NYSE Composite breadth MCSUM
2014-06-03 16:17:00 [Message] fib_1618 -> Chat: and we see that it has actually cleared its horizontal resistance zone over the last couple of days
2014-06-03 16:17:46 [Message] fib_1618 -> Chat: so it would seem that today was more of a consolidation than it would be an actual turning point in the pattern
2014-06-03 16:17:51 [Message] fib_1618 -> Chat: taking ruler to monitor on the close up graph of the McO
2014-06-03 16:18:38 [Message] fib_1618 -> Chat: and we see that we closed today right on the rising bottoms line connecting the mid May divergent lows as well
2014-06-03 16:18:56 [Message] fib_1618 -> Chat: so except for the fact that we have an inside range day today
2014-06-03 16:19:21 [Message] fib_1618 -> Chat: the internals are suggesting a bounce...which will probably mean a ho hum, do nothing day on Wednesday as each cancels the other one out
2014-06-03 16:20:03 [Message] fib_1618 -> Chat: moving down to the NASDAQ breadth MCO
2014-06-03 16:20:17 [Message] fib_1618 -> Chat: and here we have also snapped back to around the zero line with a +6 reading
2014-06-03 16:20:36 [Message] fib_1618 -> Chat: while looking at the components
2014-06-03 16:20:54 [Message] fib_1618 -> Chat: we see that although both the 10% and 5% Trends are below their zero lines
2014-06-03 16:21:20 [Message] fib_1618 -> Chat: they do remain in a constructive crossover configuration
2014-06-03 16:21:44 [Message] fib_1618 -> Chat: looking at the price bar of the index itself
2014-06-03 16:21:51 [Message] fib_1618 -> Chat: and we another inside range day today
2014-06-03 16:22:01 [Message] fib_1618 -> Chat: but with Monday being a lower close
2014-06-03 16:22:12 [Message] fib_1618 -> Chat: this range day would suggest an up close on Wednesday
2014-06-03 16:22:25 [Message] fib_1618 -> Chat: and that would compliment with what the internals are indicating
2014-06-03 16:23:04 [Message] fib_1618 -> Chat: at this point
2014-06-03 16:23:35 [Message] fib_1618 -> Chat: the NASDAQ breadth MCSUM is still about 100 data points away from challenging its mid April highs
2014-06-03 16:24:04 [Message] fib_1618 -> Chat: so it would seem that it's now up to the buyers to continue to support prices until whatever the market is waiting for comes about
2014-06-03 16:24:20 [Message] thespookyone -> Chat: ECB tomorrow?
2014-06-03 16:24:28 [Message] fib_1618 -> Chat: which, in this case, probably has to do with the economic data we'll hear about in the next 3 days
2014-06-03 16:24:38 [Message] fib_1618 -> Chat: including the jobs numbers starting tomorrow
2014-06-03 16:24:45 [Message] fib_1618 -> Chat: don't know about the ECB
2014-06-03 16:24:52 [Message] fib_1618 -> Chat: but they're not likely to raise rates
2014-06-03 16:24:57 [Message] thespookyone -> Chat: nope
2014-06-03 16:25:02 [Message] fib_1618 -> Chat: they could, however, lower them again
2014-06-03 16:25:08 [Message] thespookyone -> Chat: yes
2014-06-03 16:25:17 [Message] fib_1618 -> Chat: which I don't know if that would be "good news"
2014-06-03 16:25:20 [Message] fib_1618 -> Chat: but then again
2014-06-03 16:25:32 [Message] fib_1618 -> Chat: the market really doesn't need good economics
2014-06-03 16:25:39 [Message] fib_1618 -> Chat: as it does need liquidity
2014-06-03 16:25:51 [Message] fib_1618 -> Chat: and a lack of competition by the other asset classes for this same capital
2014-06-03 16:26:18 [Message] fib_1618 -> Chat: moving down to the NDX breadth MCO
2014-06-03 16:26:59 [Message] fib_1618 -> Chat: and it looks to be going about its business of simply relieving an "overbought" extreme from last week
2014-06-03 16:27:19 [Message] fib_1618 -> Chat: while the components here remain quite buoyant
2014-06-03 16:27:34 [Message] fib_1618 -> Chat: and this is continuing to push the NDX breadth MCSUM into higher and higher territory
2014-06-03 16:28:00 [Message] fib_1618 -> Chat: now coming up to the natural resistance area of +750 with a +733 reading
2014-06-03 16:28:24 [Message] fib_1618 -> Chat: and the price pattern here on the NDX
2014-06-03 16:28:39 [Message] fib_1618 -> Chat: looks like a simple consolidation at just above the old price highs
2014-06-03 16:28:49 [Message] fib_1618 -> Chat: and if that's the case
2014-06-03 16:28:55 [Message] fib_1618 -> Chat: we should see an upside attempt tomorrow
2014-06-03 16:29:08 [Message] fib_1618 -> Chat: to break out of this 3 day consolidation
2014-06-03 16:29:47 [Message] fib_1618 -> Chat: looking at the SPX
2014-06-03 16:29:56 [Message] fib_1618 -> Chat: and we see that it closed slightly lower today
2014-06-03 16:30:27 [Message] fib_1618 -> Chat: and this makes it only the 3rd time in the last 12 trading days in which we've had a lower close
2014-06-03 16:30:40 [Message] fib_1618 -> Chat: looking at the SPX breadth MCO
2014-06-03 16:30:59 [Message] fib_1618 -> Chat: and we see that it rolled over from just below the +50 level over the last couple of days
2014-06-03 16:31:20 [Message] fib_1618 -> Chat: but it remains high enough above the zero line where the SPX breadth MCSUM can continue to move to higher highs
2014-06-03 16:31:39 [Message] fib_1618 -> Chat: now with a reading of +869...on its way to the +1000 level
2014-06-03 16:32:49 [Message] fib_1618 -> Chat: we have the same pattern structure with regard to the OEX breadth MCO
2014-06-03 16:33:16 [Message] fib_1618 -> Chat: but here we see that the OEX breadth MCSUM has actually cleared itself above the horizontal resistance points
2014-06-03 16:33:38 [Message] fib_1618 -> Chat: as it settled today with a reading of +1047
2014-06-03 16:33:57 [Message] fib_1618 -> Chat: and that should be enough now to challenge the highs of July of last year
2014-06-03 16:34:18 [Message] fib_1618 -> Chat: and on the 21 day close up chart
2014-06-03 16:34:32 [Message] fib_1618 -> Chat: we can see the formation of what looks to be a simple triangle in prices
2014-06-03 16:34:50 [Message] fib_1618 -> Chat: and that it should ideally resolve itself to the upside
2014-06-03 16:35:47 [Message] fib_1618 -> Chat: the Dow breadth MCO and its components remain in control with the buyers
2014-06-03 16:36:44 [Message] fib_1618 -> Chat: though a little more buy side commitment here will be needed to follow through on Monday new all time highs in order for prices to actually stay at those levels
2014-06-03 16:38:01 [Message] fib_1618 -> Chat: looking at the MID breadth MCO
2014-06-03 16:38:41 [Message] fib_1618 -> Chat: and here it would appear that the bulls continue to have both short term and intermediate term control of the action
2014-06-03 16:38:58 [Message] fib_1618 -> Chat: but we do need to see better participation in this basket of stocks
2014-06-03 16:39:20 [Message] fib_1618 -> Chat: in that
2014-06-03 16:39:47 [Message] fib_1618 -> Chat: we need better upside post expansion in the MID breadth MCSUM in order for us to challenge and then break above the old price highs
2014-06-03 16:40:25 [Message] fib_1618 -> Chat: moving to the SML breadth MCO
2014-06-03 16:40:36 [Message] fib_1618 -> Chat: and here we show a completed snapback to the MCO zero line
2014-06-03 16:40:47 [Message] fib_1618 -> Chat: finishing the day today with a -9 reading
2014-06-03 16:41:12 [Message] fib_1618 -> Chat: we also have a crossover sell on the components as both have now moved back below their zero lines
2014-06-03 16:41:23 [Message] fib_1618 -> Chat: and this would overall give us a technical sell signal with this group of issues
2014-06-03 16:41:41 [Message] fib_1618 -> Chat: but as we talked about last week
2014-06-03 16:42:01 [Message] fib_1618 -> Chat: it's not too surprising that we're seeing these zero line tests right now
2014-06-03 16:42:47 [Message] fib_1618 -> Chat: as the SML breadth MCSUM is just 90 data points away from snapping back up to its zero line
2014-06-03 16:43:00 [Message] fib_1618 -> Chat: hmmmm
2014-06-03 16:43:20 [Message] fib_1618 -> Chat: I'll need to see if Carl can get SC to give us the daily difference in the MCO's or not
2014-06-03 16:43:32 [Message] fib_1618 -> Chat: or we'll have to make notes for when we have small point changes
2014-06-03 16:43:39 [Message] fib_1618 -> Chat: let me check at the old site
2014-06-03 16:43:41 [Message] fib_1618 -> Chat: one moment
2014-06-03 16:44:28 [Message] fib_1618 -> Chat: no small point changes tonight
2014-06-03 16:44:55 [Message] fib_1618 -> Chat: moving to the TM breadth MCO
2014-06-03 16:45:03 [Message] fib_1618 -> Chat: and here we settled right on the zero line
2014-06-03 16:45:40 [Message] fib_1618 -> Chat: while the 10% Index has snapped back to 5% Index
2014-06-03 16:45:52 [Message] fib_1618 -> Chat: so we should see a bounce attempt as soon as Wednesday
2014-06-03 16:46:27 [Message] fib_1618 -> Chat: and if the bounce is a good one
2014-06-03 16:46:45 [Message] fib_1618 -> Chat: that will be enough to see the TM breadth MCSUM break out above its horizontal resistance levels that were seen at the end of April
2014-06-03 16:47:00 [Message] fib_1618 -> Chat: so...
2014-06-03 16:47:18 [Message] fib_1618 -> Chat: the buyers have taken a couple days of rest here
2014-06-03 16:47:36 [Message] fib_1618 -> Chat: though the sellers don't seem to be too interested either
2014-06-03 16:47:41 [Message] fib_1618 -> Chat: starting tomorrow
2014-06-03 16:48:05 [Message] fib_1618 -> Chat: we start to get economic excuses that might drive the markets
2014-06-03 16:48:08 [Message] fib_1618 -> Chat: but overall
2014-06-03 16:48:11 [Message] fib_1618 -> Chat: technically
2014-06-03 16:48:17 [Message] fib_1618 -> Chat: we should see a higher close on Wednesday
2014-06-03 16:48:35 [Message] fib_1618 -> Chat: and then we'll see what kind of strength we'll have for the next couple of weeks to work with
2014-06-03 16:49:11 [Message] fib_1618 -> Chat: scrolling up to the drop down box at the top of the page
2014-06-03 16:49:18 [Message] fib_1618 -> Chat: let's move to the volume McClellan's
2014-06-03 16:49:59 [Message] fib_1618 -> Chat: and we see that the NYSE CO volume MCO also pulled back today
2014-06-03 16:50:15 [Message] fib_1618 -> Chat: but it remains at a slightly higher level than its breadth cousin with a +19 reading
2014-06-03 16:50:37 [Message] fib_1618 -> Chat: taking ruler to monitor here
2014-06-03 16:51:22 [Message] fib_1618 -> Chat: and we see that the NYSE CO volume MCSUM closed today right at the declining tops line that has been controlling the pattern since April highs
2014-06-03 16:51:50 [Message] fib_1618 -> Chat: we will need to see a sequence of higher MCO highs in order to break above this important level
2014-06-03 16:51:52 [Message] fib_1618 -> Chat: and if we do so
2014-06-03 16:52:16 [Message] fib_1618 -> Chat: this is when prices will be able to move with more fluidity to the upside
2014-06-03 16:52:51 [Message] fib_1618 -> Chat: moving to the NYSE Composite volume MCSUM
2014-06-03 16:53:08 [Message] fib_1618 -> Chat: and we see that same problem there with overhead resistance on a intermediate term trending basis
2014-06-03 16:53:15 [Message] fib_1618 -> Chat: and as we know all too well
2014-06-03 16:53:41 [Message] fib_1618 -> Chat: it's nice to know how deep the liquidity lake is so that we don't have an accident and run ourselves aground
2014-06-03 16:54:18 [Message] fib_1618 -> Chat: but it's even more important that we have enough power to sail the boat on this same pool
2014-06-03 16:54:51 [Message] thespookyone -> Chat: kind of nice that it closed that big gap, though
2014-06-03 16:54:58 [Message] fib_1618 -> Chat: the NASDAQ volume MCO continues to show better strength currently than its breadth cousin
2014-06-03 16:55:19 [Message] fib_1618 -> Chat: which gap?
2014-06-03 16:55:40 [Message] thespookyone -> Chat: NYSE summation
2014-06-03 16:55:40 [Message] fib_1618 -> Chat: you mean the price gap from last week?
2014-06-03 16:56:03 [Message] fib_1618 -> Chat: checking
2014-06-03 16:56:04 [Message] thespookyone -> Chat: around 540 to 500
2014-06-03 16:56:28 [Message] fib_1618 -> Chat: yes...the double bottom gap resistance area
2014-06-03 16:56:35 [Message] thespookyone -> Chat: yep
2014-06-03 16:57:00 [Message] fib_1618 -> Chat: but it's still now showing the kind of conviction as yet that will allow the current uptrend to stay supportive
2014-06-03 16:57:11 [Message] fib_1618 -> Chat: sort of like climbing half way up on the ladder
2014-06-03 16:57:15 [Message] fib_1618 -> Chat: but there's a wind making it uncomfortable to step up to the next rung
2014-06-03 16:57:49 [Message] fib_1618 -> Chat: still
2014-06-03 16:58:18 [Message] fib_1618 -> Chat: we have to also be impressed on how the market has maintained its current price support
2014-06-03 16:58:27 [Message] thespookyone -> Chat: absolutely
2014-06-03 16:58:27 [Message] fib_1618 -> Chat: with lower opens the last couple of days
2014-06-03 16:58:35 [Message] fib_1618 -> Chat: and showing little in the way of sellers
2014-06-03 16:58:51 [Message] fib_1618 -> Chat: so...naturally...prices go with the path of least resistance
2014-06-03 16:58:59 [Message] thespookyone -> Chat: I like the stronger volume, as well
2014-06-03 16:59:02 [Message] fib_1618 -> Chat: yes
2014-06-03 16:59:05 [Message] fib_1618 -> Chat: meanwhile
2014-06-03 16:59:07 [Message] fib_1618 -> Chat: did you know
2014-06-03 16:59:09 [Message] fib_1618 -> Chat: that...
2014-06-03 16:59:16 [Message] fib_1618 -> Chat: ISEE came in today with a 76 reading?
2014-06-03 16:59:22 [Message] thespookyone -> Chat: wow
2014-06-03 16:59:29 [Message] fib_1618 -> Chat: just amazing
2014-06-03 16:59:39 [Message] fib_1618 -> Chat: and that should continue to support prices near term
2014-06-03 16:59:41 [Message] thespookyone -> Chat: right in line with TT, LOL
2014-06-03 16:59:46 [Message] fib_1618 -> Chat: I was looking at the board today
2014-06-03 16:59:52 [Message] fib_1618 -> Chat: and still there is talk of tops
2014-06-03 16:59:58 [Message] thespookyone -> Chat: oh yea
2014-06-03 17:00:04 [Message] fib_1618 -> Chat: with 50 point declines in 2-4 days!
2014-06-03 17:00:30 [Message] fib_1618 -> Chat: I've never read so many "over the top" ideas before
2014-06-03 17:00:36 [Message] thespookyone -> Chat: If I was a betting man, I'd go with a surprise scorch, instead
2014-06-03 17:00:43 [Message] fib_1618 -> Chat: well
2014-06-03 17:00:45 [Message] fib_1618 -> Chat: here's the thing
2014-06-03 17:00:54 [Message] fib_1618 -> Chat: I keep reading about pullbacks
2014-06-03 17:01:05 [Message] fib_1618 -> Chat: and some coming up with 10-50 point declines in the SPX
2014-06-03 17:01:07 [Message] fib_1618 -> Chat: meanwhile
2014-06-03 17:01:11 [Message] fib_1618 -> Chat: we're at all time highs
2014-06-03 17:01:23 [Message] fib_1618 -> Chat: so what exactly is giving these kinds of downside targets if there's nothing to compare?
2014-06-03 17:01:43 [Message] fib_1618 -> Chat: there is nothing here that suggests a break of trend on the hourly
2014-06-03 17:01:45 [Message] thespookyone -> Chat: well, the "simple" TA take is consolidation, for me
2014-06-03 17:01:52 [Message] fib_1618 -> Chat: and if you look at the numbers
2014-06-03 17:02:07 [Message] fib_1618 -> Chat: all of them have our retracing back to the starting point 3 weeks ago
2014-06-03 17:02:15 [Message] thespookyone -> Chat: yes
2014-06-03 17:02:18 [Message] fib_1618 -> Chat: yes...that would be the simple idea
2014-06-03 17:02:23 [Message] fib_1618 -> Chat: it's really a shame though
2014-06-03 17:02:32 [Message] fib_1618 -> Chat: that no one is really playing attention to the internals
2014-06-03 17:02:34 [Message] fib_1618 -> Chat: and if they are
2014-06-03 17:02:41 [Message] fib_1618 -> Chat: they are misreading what they're saying
2014-06-03 17:02:48 [Message] thespookyone -> Chat: second that!
2014-06-03 17:03:00 [Message] fib_1618 -> Chat: then was the discussion of margins today
2014-06-03 17:03:13 [Message] fib_1618 -> Chat: one of the silliest things I have heard so far
2014-06-03 17:03:26 [Message] thespookyone -> Chat: BET
2014-06-03 17:03:45 [Message] fib_1618 -> Chat: where the comparisons are that with 2000 and 2007 when margins moved lower
2014-06-03 17:03:50 [Message] fib_1618 -> Chat: but then again
2014-06-03 17:04:05 [Message] fib_1618 -> Chat: interest rates on T-Bills were moving higher into the 6% area
2014-06-03 17:04:27 [Message] fib_1618 -> Chat: and since margin rates are based on Fed Funds and/or the prime rate
2014-06-03 17:04:49 [Message] fib_1618 -> Chat: of course people were dropping out of borrowing at the 2000 and 2007 tops
2014-06-03 17:04:58 [Message] fib_1618 -> Chat: it was just too expensive to do so
2014-06-03 17:05:00 [Message] fib_1618 -> Chat: but not now
2014-06-03 17:05:17 [Message] fib_1618 -> Chat: but oh...
2014-06-03 17:05:34 [Message] fib_1618 -> Chat: have you noticed that the subject of volatility has grown quiet again?
2014-06-03 17:05:45 [Message] thespookyone -> Chat: you bet
2014-06-03 17:06:01 [Message] fib_1618 -> Chat: sigh...
2014-06-03 17:06:02 [Message] fib_1618 -> Chat: anyway
2014-06-03 17:06:04 [Message] fib_1618 -> Chat: back to work
2014-06-03 17:06:37 [Message] fib_1618 -> Chat: looking at the NASDAQ volume MCSUM
2014-06-03 17:06:45 [Message] fib_1618 -> Chat: and it has now cleared the +250 level
2014-06-03 17:06:52 [Message] fib_1618 -> Chat: so any kind of follow through near term
2014-06-03 17:07:04 [Message] fib_1618 -> Chat: would then allow this indicator to move toward the +500 level
2014-06-03 17:07:40 [Message] fib_1618 -> Chat: the NDX volume MCSUM has cleared its first horizontal top
2014-06-03 17:08:00 [Message] fib_1618 -> Chat: and is now challenging the other one from early January
2014-06-03 17:08:18 [Message] fib_1618 -> Chat: with a break above that
2014-06-03 17:08:44 [Message] fib_1618 -> Chat: and we should see another 150 to 200 points tacked on to the the NDX index itself
2014-06-03 17:09:16 [Message] fib_1618 -> Chat: very little pullback in the SPX volume MCO
2014-06-03 17:09:25 [Message] fib_1618 -> Chat: which is helping to keep prices from falling apart
2014-06-03 17:09:45 [Message] fib_1618 -> Chat: good to also see that we're holding above the 1920 level
2014-06-03 17:10:14 [Message] fib_1618 -> Chat: with any break above 1925 suggesting a move to just under the 1975 level
2014-06-03 17:10:40 [Message] fib_1618 -> Chat: it should be interesting to see how the market works with the 2000 level in the SPX
2014-06-03 17:10:56 [Message] fib_1618 -> Chat: whether it will be a psychological resistance point or not
2014-06-03 17:11:03 [Message] fib_1618 -> Chat: and if it is...for how long
2014-06-03 17:11:25 [Message] fib_1618 -> Chat: as we talked about last week
2014-06-03 17:11:43 [Message] fib_1618 -> Chat: the most important thing here for the volume MCO's is that they move above their mid April highs
2014-06-03 17:11:59 [Message] fib_1618 -> Chat: as this would then allow prices to move with more amplitude to the upside
2014-06-03 17:12:54 [Message] fib_1618 -> Chat: as with the SPX volume MCO
2014-06-03 17:13:20 [Message] fib_1618 -> Chat: there is a lot of overhead pattern resistance with the OEX volume and Dow volume MCO's at these levels
2014-06-03 17:14:48 [Message] fib_1618 -> Chat: the MID volume MCSUM is up against the pattern highs of mid April now
2014-06-03 17:15:28 [Message] fib_1618 -> Chat: while the SML volume MCO and its components confirm the sell signal we saw with the breadth data
2014-06-03 17:15:32 [Message] fib_1618 -> Chat: but meanwhile
2014-06-03 17:15:58 [Message] fib_1618 -> Chat: the SML volume MCSUM is in the process of a technical snapback toward its zero line right now
2014-06-03 17:16:20 [Message] fib_1618 -> Chat: so if we don't see any immediate improvement with the SML data
2014-06-03 17:16:43 [Message] fib_1618 -> Chat: this would be our first real indication of a change in character in the current uptrend
2014-06-03 17:16:58 [Message] fib_1618 -> Chat: something that will make a broader based difference
2014-06-03 17:17:14 [Message] fib_1618 -> Chat: but just as finished typing that
2014-06-03 17:17:19 [Message] fib_1618 -> Chat: we look at the TM volume MCO
2014-06-03 17:17:44 [Message] fib_1618 -> Chat: and we see that it's highly buoyant here
2014-06-03 17:18:13 [Message] fib_1618 -> Chat: and nothing indicative of a change in the control of the flow of money
2014-06-03 17:18:22 [Message] fib_1618 -> Chat: so...
2014-06-03 17:18:35 [Message] fib_1618 -> Chat: it would seem that between the breadth and volume data
2014-06-03 17:18:51 [Message] fib_1618 -> Chat: that the market is just meandering here while it waits for something to happen
2014-06-03 17:19:10 [Message] fib_1618 -> Chat: and with all of the data coming this week
2014-06-03 17:20:04 [Message] fib_1618 -> Chat: it wouldn't be too surprising that we may be waiting for this same information
2014-06-03 17:20:31 [Message] fib_1618 -> Chat: moving to the OBV indicators
2014-06-03 17:20:58 [Message] fib_1618 -> Chat: CVI's are neutral
2014-06-03 17:21:08 [Message] fib_1618 -> Chat: so one side is about to take control
2014-06-03 17:21:14 [Message] fib_1618 -> Chat: (surprise surprise)
2014-06-03 17:21:31 [Message] fib_1618 -> Chat: STVO's are "overbought"
2014-06-03 17:21:53 [Message] fib_1618 -> Chat: except for the NDX
2014-06-03 17:22:13 [Message] fib_1618 -> Chat: and the VTO's are near "overbought"
2014-06-03 17:22:23 [Message] fib_1618 -> Chat: but not enough as yet to be a possible trigger
2014-06-03 17:22:48 [Message] fib_1618 -> Chat: NYSE TRIN at .65
2014-06-03 17:23:07 [Message] fib_1618 -> Chat: Open 10 at .98
2014-06-03 17:23:16 [Message] fib_1618 -> Chat: so we're no longer "oversold" (finally)
2014-06-03 17:23:38 [Message] fib_1618 -> Chat: NASDAQ TRIN at .70
2014-06-03 17:23:48 [Message] fib_1618 -> Chat: Open 10 at .78
2014-06-03 17:23:56 [Message] fib_1618 -> Chat: so minimally "overbought" there
2014-06-03 17:24:12 [Message] fib_1618 -> Chat: TM TRIN at .69
2014-06-03 17:24:22 [Message] fib_1618 -> Chat: Open 10 at .86
2014-06-03 17:24:33 [Message] fib_1618 -> Chat: so starting to get a bit frothy
2014-06-03 17:24:34 [Message] fib_1618 -> Chat: boy...
2014-06-03 17:24:39 [Message] fib_1618 -> Chat: if I didn't know any better
2014-06-03 17:25:14 [Message] fib_1618 -> Chat: it might be that any "good news" here could give us a short term "blow off"
2014-06-03 17:25:28 [Message] fib_1618 -> Chat: sort of like we got back in June of 2003
2014-06-03 17:26:10 [Message] fib_1618 -> Chat: maybe rest into June OPEX
2014-06-03 17:26:24 [Message] fib_1618 -> Chat: and then rally into our expected July 4th time period?
2014-06-03 17:26:30 [Message] fib_1618 -> Chat: really hard to say after today's review
2014-06-03 17:26:34 [Message] fib_1618 -> Chat: but one thing's for sure
2014-06-03 17:26:44 [Message] fib_1618 -> Chat: the bulls do need to step up here and show a bit more muscle
2014-06-03 17:27:04 [Message] fib_1618 -> Chat: or we might get stuck moving within a tight range for another week
2014-06-03 17:27:16 [Message] fib_1618 -> Chat: though I don't see that coming
2014-06-03 17:27:28 [Message] fib_1618 -> Chat: we'll probably have a better handle on this on Thursday
2014-06-03 17:27:32 [Message] fib_1618 -> Chat: but for now...
2014-06-03 17:27:40 [Message] fib_1618 -> Chat: the bulls remain in control
2014-06-03 17:27:55 [Message] fib_1618 -> Chat: though there are some weak points that need to be remedied
2014-06-03 17:28:00 [Message] fib_1618 -> Chat: let me check the BETS
2014-06-03 17:29:18 [Message] fib_1618 -> Chat: +50
2014-06-03 17:29:21 [Message] fib_1618 -> Chat: no change
2014-06-03 17:29:30 [Message] fib_1618 -> Chat: been at +50 now for a while
2014-06-03 17:29:40 [Message] fib_1618 -> Chat: anything else?
2014-06-03 17:31:21 [Message] fib_1618 -> Chat: I'll need to send off a note though to the DP crew and hopefully get the daily difference problem taken care of
2014-06-03 17:32:50 [Message] fib_1618 -> Chat: little change in the futures
2014-06-03 17:33:17 [Message] fib_1618 -> Chat: productivity is tomorrow
2014-06-03 17:33:22 [Message] fib_1618 -> Chat: that should move gold
2014-06-03 17:33:36 [Message] fib_1618 -> Chat: ADP is tomorrow
2014-06-03 17:33:43 [Message] fib_1618 -> Chat: chain store sales on Thursday
2014-06-03 17:33:57 [Message] fib_1618 -> Chat: and jobless claims
2014-06-03 17:34:13 [Message] thespookyone -> Chat: I was looking at the gold charts over the weekend, and like them less than I thought, short term
2014-06-03 17:34:14 [Message] fib_1618 -> Chat: Beige book is tomorrow
2014-06-03 17:34:28 [Message] fib_1618 -> Chat: yea...some problems internally there
2014-06-03 17:34:39 [Message] thespookyone -> Chat: yes
2014-06-03 17:34:40 [Message] fib_1618 -> Chat: made a post on that over the weekend as well on the Main Board
2014-06-03 17:34:51 [Message] thespookyone -> Chat: I'll check it, thx
2014-06-03 17:34:58 [Message] fib_1618 -> Chat: anyway
2014-06-03 17:35:04 [Message] fib_1618 -> Chat: if there's nothing else
2014-06-03 17:35:07 [Message] fib_1618 -> Chat: I'm going to take off
2014-06-03 17:35:16 [Message] fib_1618 -> Chat: everyone have a great couple of days
2014-06-03 17:35:23 [Message] thespookyone -> Chat: you too, thx
2014-06-03 17:35:25 [Message] fib_1618 -> Chat: and we'll see what the market has to give to us to work with on Thursday
2014-06-03 17:35:27 [Message] fib_1618 -> Chat: good night

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