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fib_1618

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Reply with quote  #1 
2008-06-05 19:03:33 [Message] fib_1618 -> Main Room: good day
2008-06-05 19:03:39 [Message] fib_1618 -> Main Room: how is everyone?
2008-06-05 19:03:51 [Message] TradeMark -> Main Room: Good, Just sitting around clinging to guns and religion
2008-06-05 19:04:13 [Message] jkw -> Main Room: Great call Fib
2008-06-05 19:04:20 [Message] fib_1618 -> Main Room: what did I call?
2008-06-05 19:04:22 [Message] fib_1618 -> Main Room:
2008-06-05 19:04:31 [Message] jkw -> Main Room: Stay put and sit on hands
2008-06-05 19:04:44 [Message] fib_1618 -> Main Room: well...the market suggested not to panic
2008-06-05 19:04:54 [Message] fib_1618 -> Main Room: so we tried listen to what it says
2008-06-05 19:04:57 [Message] TradeMark -> Main Room: Declaration of start of next bear leg may have been premature
2008-06-05 19:05:25 [Message] fib_1618 -> Main Room: declaring anything, without substance behind it, can be quite dangerous
2008-06-05 19:05:38 [Message] TradeMark -> Main Room: no kidding
2008-06-05 19:06:04 [Message] fib_1618 -> Main Room: wow...nice day!
2008-06-05 19:06:24 [Message] TradeMark -> Main Room: Bulls on stampede
2008-06-05 19:06:25 [Message] fib_1618 -> Main Room: very nice day
2008-06-05 19:06:38 [Message] fib_1618 -> Main Room: let me look around a bit - one moment
2008-06-05 19:07:04 [Message] fib_1618 -> Main Room: could be a breadth thrust in progress
2008-06-05 19:07:26 [Message] swingtrader -> Main Room: everything just played out as planed.
2008-06-05 19:07:54 [Message] fib_1618 -> Main Room: so far...yes
2008-06-05 19:08:15 [Message] fib_1618 -> Main Room: will probably need a bit of follow through now, and the summer should be a good one for the bulls
2008-06-05 19:08:35 [Message] fib_1618 -> Main Room: OK...questions or comments before we get started??
2008-06-05 19:09:59 [Message] swingtrader -> Main Room: well. haven't had this for a while
2008-06-05 19:10:01 [Message] fib_1618 -> Main Room: liquidity continues to rise here
2008-06-05 19:10:14 [Message] fib_1618 -> Main Room: and what would that be ST?
2008-06-05 19:10:16 [Message] swingtrader -> Main Room: everything moved in unison
2008-06-05 19:10:21 [Message] fib_1618 -> Main Room: yes...it did
2008-06-05 19:10:38 [Message] fib_1618 -> Main Room: the rally today took no prisoners
2008-06-05 19:11:08 [Message] TradeMark -> Main Room: looked like panic short covering
2008-06-05 19:11:09 [Message] fib_1618 -> Main Room: and if the jobs numbers are agreeable tomorrow, that should be enough to get things into high gear
2008-06-05 19:11:20 [Message] fib_1618 -> Main Room: well...don't know about short covering
2008-06-05 19:11:28 [Message] fib_1618 -> Main Room: the morning tape looked like fresh money
2008-06-05 19:11:54 [Message] swingtrader -> Main Room: why?
2008-06-05 19:12:06 [Message] swingtrader -> Main Room: how to spot fresh money?
2008-06-05 19:12:11 [Message] fib_1618 -> Main Room: one of the things in which we touched upon over the last couple of weeks was the way the secondaries and small caps were holding up here
2008-06-05 19:12:50 [Message] fib_1618 -> Main Room: well...one way to know if fresh money is coming is whether or not a rally takes place without the benefit of a news event
2008-06-05 19:13:14 [Message] fib_1618 -> Main Room: there wasn't much overnight that caused the futures to rally
2008-06-05 19:13:36 [Message] fib_1618 -> Main Room: and the weekly jobs numbers this morning just set a nice tone for the overall action
2008-06-05 19:13:59 [Message] fib_1618 -> Main Room: the other thing here really has to do of where we were and what we have in the current time frame to work with
2008-06-05 19:14:29 [Message] fib_1618 -> Main Room: in this case, we had the probability of bull divergence in place last Tuesday with the Open 10 readings as "oversold" as they were
2008-06-05 19:15:02 [Message] fib_1618 -> Main Room: and now the market has worked off enough excesses in the last two weeks were fresh money "smells" a difference (as opposed to the market "smelling")
2008-06-05 19:16:09 [Message] fib_1618 -> Main Room: in any event, the internals were in proper alignment for a bottom of some degree on Tuesday, and today's action at least gave us this same technical expectation of at least testing the recent highs
2008-06-05 19:16:13 [Message] fib_1618 -> Main Room: now...
2008-06-05 19:16:18 [Message] swingtrader -> Main Room: yesterday. almost all of the MCO has bull divergence except the NYSE composite. a clue for today
2008-06-05 19:16:24 [Message] fib_1618 -> Main Room: yes
2008-06-05 19:16:34 [Message] fib_1618 -> Main Room: silent, but deadly for those with paws on
2008-06-05 19:16:57 [Message] swingtrader -> Main Room:
2008-06-05 19:17:22 [Message] fib_1618 -> Main Room: and the tension on the tape yesterday reflected the coil of the A/D line in which we've talked about many times over the last several weeks
2008-06-05 19:17:43 [Message] fib_1618 -> Main Room: so, let's start there...let's take a look at the NYSE A/D data - http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&st=2007-01-01&i=p12190745628&r=6371
2008-06-05 19:18:33 [Message] fib_1618 -> Main Room: any comments?
2008-06-05 19:19:06 [Message] fib_1618 -> Main Room: the one thing we see clearly is that the declining tops line has yet to be violated
2008-06-05 19:19:19 [Message] Lew -> Main Room: Y
2008-06-05 19:19:33 [Message] fib_1618 -> Main Room: but what about the structure of the line itself?
2008-06-05 19:20:03 [Message] fib_1618 -> Main Room: bullish configuration?
2008-06-05 19:20:23 [Message] TradeMark -> Main Room: looks in bullish config
2008-06-05 19:20:34 [Message] fib_1618 -> Main Room: and how do we know that?
2008-06-05 19:21:08 [Message] TradeMark -> Main Room: all lines above all others
2008-06-05 19:21:13 [Message] fib_1618 -> Main Room: what about the interplay of the line with it's EMA's?
2008-06-05 19:21:24 [Message] TradeMark -> Main Room: that what I meant
2008-06-05 19:21:44 [Message] TradeMark -> Main Room: above others of longer duration
2008-06-05 19:21:46 [Message] fib_1618 -> Main Room: granted...but on closer examination?
2008-06-05 19:22:28 [Message] fib_1618 -> Main Room: http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&st=2008-01-01&i=t51276512453&r=6772
2008-06-05 19:22:29 [Message] TradeMark -> Main Room: That my story and I'm stikin to it
2008-06-05 19:22:41 [Message] fib_1618 -> Main Room: but is it enough?
2008-06-05 19:23:18 [Message] TradeMark -> Main Room: never know for sure
2008-06-05 19:23:18 [Message] fib_1618 -> Main Room: what would be the difference between a market failure to continue to advance from, let's say, that is showing fatigue?
2008-06-05 19:23:24 [Message] fib_1618 -> Main Room:
2008-06-05 19:23:46 [Message] fib_1618 -> Main Room: for sure? maybe
2008-06-05 19:24:07 [Message] fib_1618 -> Main Room: but aren't we dealing with probability and the outcomes that come from such odds?
2008-06-05 19:24:23 [Message] TradeMark -> Main Room: k, so bullish
2008-06-05 19:24:57 [Message] fib_1618 -> Main Room: how about that the A/D line, with all of the screaming that a new downtrend had begun, stubbornly remained above both the 39 day and 19 day EMA's?
2008-06-05 19:25:16 [Message] fib_1618 -> Main Room: and never provided a crossover?
2008-06-05 19:25:18 [Message] TradeMark -> Main Room: all fixed now
2008-06-05 19:25:22 [Message] fib_1618 -> Main Room: is it?
2008-06-05 19:25:27 [Message] fib_1618 -> Main Room: do we have higher highs?
2008-06-05 19:25:51 [Message] TradeMark -> Main Room: no
2008-06-05 19:26:10 [Message] fib_1618 -> Main Room: so have we actually found a bottom?
2008-06-05 19:26:14 [Message] Lew -> Main Room: the slope isn't that inviting yet, to me
2008-06-05 19:26:22 [Message] fib_1618 -> Main Room: there you go...
2008-06-05 19:26:34 [Message] fib_1618 -> Main Room: evidently, there's still a bit more work here to be done
2008-06-05 19:26:41 [Message] Lew -> Main Room: Y
2008-06-05 19:26:58 [Message] fib_1618 -> Main Room: after all, 200 points up today might be misconstrued as a bullish signal
2008-06-05 19:27:34 [Message] fib_1618 -> Main Room: especially when we already have seen what a 500 point in the Dow being misconstrued as a bearish signal
2008-06-05 19:27:54 [Message] fib_1618 -> Main Room: so, when all is said and done, yes, it was a nice day higher
2008-06-05 19:27:55 [Message] TradeMark -> Main Room: more that than start of next bear leg
2008-06-05 19:28:10 [Message] fib_1618 -> Main Room: but has anything really been put to bed?
2008-06-05 19:28:17 [Message] Lew -> Main Room: no
2008-06-05 19:28:26 [Message] TradeMark -> Main Room: no
2008-06-05 19:28:27 [Message] fib_1618 -> Main Room: and so...we remain on our hands
2008-06-05 19:29:01 [Message] fib_1618 -> Main Room: again...this is a time in which both sides are battling for intermediate term control
2008-06-05 19:29:15 [Message] TradeMark -> Main Room: Declaration of start of next bear leg may have been premature
2008-06-05 19:29:18 [Message] fib_1618 -> Main Room: we have a declining tops line continuing to control the pattern for the bears
2008-06-05 19:29:32 [Message] fib_1618 -> Main Room: but at the same time, the bulls continue to find "Trend" line support
2008-06-05 19:29:45 [Message] fib_1618 -> Main Room: tighter and tighter the coil turns
2008-06-05 19:29:51 [Message] fib_1618 -> Main Room: and why..
2008-06-05 19:30:20 [Message] fib_1618 -> Main Room: when whichever side breaks these same support and resistance levels, a powerful trend in this same direction will probably occur
2008-06-05 19:30:35 [Message] fib_1618 -> Main Room: today, the bulls ran the show
2008-06-05 19:30:47 [Message] TradeMark -> Main Room: peeking ahead, tomorrow may be back and fill day,,,,,,so the bears may win yet
2008-06-05 19:30:52 [Message] fib_1618 -> Main Room: and did so at the levels in which we needed to see on the various MCSUM's
2008-06-05 19:30:57 [Message] fib_1618 -> Main Room: now...we need follow through
2008-06-05 19:31:15 [Message] fib_1618 -> Main Room: in indecision patterns, nobody really wins
2008-06-05 19:31:26 [Message] fib_1618 -> Main Room: except the scalpers (and that's a maybe)
2008-06-05 19:31:50 [Message] fib_1618 -> Main Room: but from what I saw today, the rhythm was with the bulls
2008-06-05 19:32:05 [Message] fib_1618 -> Main Room: unlike last week in which the bears had to push things in their direction and relied on news events to help them in their task
2008-06-05 19:32:36 [Message] fib_1618 -> Main Room: which never - ever - happens during trend developments
2008-06-05 19:32:54 [Message] fib_1618 -> Main Room: OK...with that said, let me get DP up and we'll get started
2008-06-05 19:33:26 [Message] fib_1618 -> Main Room: the CO NYSE breadth MCO moved briskly higher today
2008-06-05 19:33:40 [Message] fib_1618 -> Main Room: and in doing so took out its previous high
2008-06-05 19:33:49 [Message] fib_1618 -> Main Room: this now confirms bull divergence in place now
2008-06-05 19:34:29 [Message] fib_1618 -> Main Room: where a resumption of our previous accumulation will be confirmed once the highs of mid May are taken out
2008-06-05 19:35:00 [Message] fib_1618 -> Main Room: for those who have been holding, or thinning out their garbage over the last two weeks, now is the time to really pick up on your due diligence
2008-06-05 19:35:08 [Message] fib_1618 -> Main Room: it's shopping time
2008-06-05 19:35:51 [Message] fib_1618 -> Main Room: for those who are more in the intermediate term category of investment
2008-06-05 19:36:24 [Message] fib_1618 -> Main Room: you would like to see the small ledge pattern high of last week taken out on the NYSE breadth MCSUM before moving back into the market
2008-06-05 19:36:50 [Message] fib_1618 -> Main Room: with the "all clear" given only when the CO NYSE breadth MCSUM moves above its October highs
2008-06-05 19:37:34 [Message] fib_1618 -> Main Room: the composite NYSE breadth MCO also moved higher today
2008-06-05 19:37:48 [Message] TradeMark -> Main Room: how about a snapback to toward 0 on MCO?
2008-06-05 19:37:49 [Message] fib_1618 -> Main Room: and settled at a slightly higher level than previously seen
2008-06-05 19:38:22 [Message] fib_1618 -> Main Room: as TM astutely points out, the move today could be part of another zero line retest
2008-06-05 19:38:47 [Message] fib_1618 -> Main Room: so we have to be careful near term in not pulling the trigger to quickly and wait for follow through confirmation
2008-06-05 19:39:04 [Message] TradeMark -> Main Room: and bounce off 0 for NYSE MCO, as well
2008-06-05 19:39:12 [Message] fib_1618 -> Main Room: maybe
2008-06-05 19:39:30 [Message] fib_1618 -> Main Room: but if this is a breadth thrust in progress, a zero line retest will probably NOT come about
2008-06-05 19:39:51 [Message] fib_1618 -> Main Room: remember again about the nature of oscillators
2008-06-05 19:40:01 [Message] fib_1618 -> Main Room: they work their best magic during times of consolidation and not during times of trending price structures
2008-06-05 19:40:11 [Message] TradeMark -> Main Room: so, maybe that's a tell
2008-06-05 19:40:16 [Message] fib_1618 -> Main Room: one of them, yes
2008-06-05 19:40:47 [Message] fib_1618 -> Main Room: you want to see things that would be consistent to the idea that a trending price structure will be able to sustain itself
2008-06-05 19:40:58 [Message] fib_1618 -> Main Room: because
2008-06-05 19:41:01 [Message] fib_1618 -> Main Room: right now
2008-06-05 19:41:38 [Message] fib_1618 -> Main Room: all we really have here - technically - is the forecast of a momentum move to work off the previous energy already used
2008-06-05 19:41:57 [Message] fib_1618 -> Main Room: this is something in which we've never lost sight of
2008-06-05 19:42:22 [Message] fib_1618 -> Main Room: we want proof that things are "different" from what is to be expected
2008-06-05 19:42:41 [Message] fib_1618 -> Main Room: believe me...there will be plenty of time to catch this train
2008-06-05 19:42:58 [Message] fib_1618 -> Main Room: try not to catch a ride before you know your destination
2008-06-05 19:43:14 [Message] Lew -> Main Room: sound advise
2008-06-05 19:43:25 [Message] fib_1618 -> Main Room: now, if we take a moment and look at the price chart of the NYA
2008-06-05 19:43:29 [Message] fib_1618 -> Main Room: what do we see here?
2008-06-05 19:43:33 [Message] fib_1618 -> Main Room: anyone?
2008-06-05 19:43:39 [Message] TradeMark -> Main Room: or, know your song well before you start singing
2008-06-05 19:43:42 [Message] fib_1618 -> Main Room: forget the internals...chart only
2008-06-05 19:44:43 [Message] fib_1618 -> Main Room: OK...1 year time frame...still moving within a range of 10,250 on the high side, and 8500 on the low side
2008-06-05 19:44:58 [Message] fib_1618 -> Main Room: also known as...
2008-06-05 19:45:02 [Message] doc -> Main Room: possible SOB
2008-06-05 19:45:05 [Message] fib_1618 -> Main Room: a trading range
2008-06-05 19:45:16 [Message] fib_1618 -> Main Room: where abouts Doc?
2008-06-05 19:45:32 [Message] doc -> Main Room: mini one last 3 weeks
2008-06-05 19:45:38 [Message] fib_1618 -> Main Room: on the NYA?
2008-06-05 19:45:58 [Message] fib_1618 -> Main Room: ahh...I see what you're looking at
2008-06-05 19:46:13 [Message] doc -> Main Room: probably too small a time scale to mean much
2008-06-05 19:46:15 [Message] fib_1618 -> Main Room: Doc is referring to this latest rally as possibly being the second top of a small SOB
2008-06-05 19:46:27 [Message] TradeMark -> Main Room: I was looking at same thing
2008-06-05 19:46:30 [Message] doc -> Main Room: only if we go back down
2008-06-05 19:46:34 [Message] fib_1618 -> Main Room: structure wise...it might be
2008-06-05 19:46:38 [Message] doc -> Main Room: to complete the pattern
2008-06-05 19:46:56 [Message] fib_1618 -> Main Room: but SOB patterns tend to have internal weakness attached to them
2008-06-05 19:47:05 [Message] TradeMark -> Main Room: Is there a volume signature to SOBs?
2008-06-05 19:47:29 [Message] fib_1618 -> Main Room: with the NYAD being able to remain above it's EMA's, the probability of this being an SOB structure is low
2008-06-05 19:47:49 [Message] fib_1618 -> Main Room: SOB's are more supply and demand driven structures with a lack of structural breadth being paramount
2008-06-05 19:48:24 [Message] fib_1618 -> Main Room: so let's put that idea on the back burner for now...anything else?
2008-06-05 19:48:38 [Message] fib_1618 -> Main Room: how about where the NYA found support during the last two weeks of decay?
2008-06-05 19:49:24 [Message] doc -> Main Room: 9200, previous resistance
2008-06-05 19:49:29 [Message] fib_1618 -> Main Room: can we say that a possible snapback to what was previous overhead resistance
2008-06-05 19:49:42 [Message] fib_1618 -> Main Room: and what happened then internally during this test?
2008-06-05 19:50:03 [Message] fib_1618 -> Main Room: divergence was created
2008-06-05 19:50:42 [Message] fib_1618 -> Main Room: anything else on the price chart that would be a whisper?
2008-06-05 19:51:14 [Message] doc -> Main Room: yes
2008-06-05 19:51:20 [Message] fib_1618 -> Main Room: go..
2008-06-05 19:51:28 [Message] doc -> Main Room: breakout of the declining line tops
2008-06-05 19:51:34 [Message] fib_1618 -> Main Room: excellent!
2008-06-05 19:51:36 [Message] fib_1618 -> Main Room: and...
2008-06-05 19:51:36 [Message] doc -> Main Room: and then a snapback to it
2008-06-05 19:51:44 [Message] fib_1618 -> Main Room: mucho excellante'!
2008-06-05 19:51:45 [Message] doc -> Main Room: an up we go
2008-06-05 19:51:51 [Message] fib_1618 -> Main Room: that is...
2008-06-05 19:51:58 [Message] fib_1618 -> Main Room: IF we get follow through
2008-06-05 19:52:03 [Message] doc -> Main Room: yup
2008-06-05 19:52:11 [Message] fib_1618 -> Main Room: so, there's a lot of positive signs here for the bulls
2008-06-05 19:52:29 [Message] fib_1618 -> Main Room: especially with the backdrop of "old and recycled news"
2008-06-05 19:52:41 [Message] fib_1618 -> Main Room: a "wall of worry"
2008-06-05 19:52:56 [Message] fib_1618 -> Main Room: and just for the record
2008-06-05 19:53:17 [Message] fib_1618 -> Main Room: we rallied today with the price of crude having a pretty nice day to the upside
2008-06-05 19:53:34 [Message] fib_1618 -> Main Room: so...no real relationship
2008-06-05 19:53:48 [Message] fib_1618 -> Main Room: although many will scream in your ear otherwise
2008-06-05 19:53:54 [Message] doc -> Main Room: follow through would also help NYUD and its components
2008-06-05 19:54:11 [Message] fib_1618 -> Main Room: this is why we need to listen to what the market is saying and follow its lead
2008-06-05 19:54:18 [Message] fib_1618 -> Main Room: absolutely
2008-06-05 19:54:26 [Message] fib_1618 -> Main Room: again...if we move to higher highs here
2008-06-05 19:54:26 [Message] doc -> Main Room: its been lagging NYAD, likely due to the large caps going into hiding
2008-06-05 19:54:58 [Message] fib_1618 -> Main Room: which seems to be the near term objective based just on the idea that a 3:1 plus day in breadth is more than likely going to see some follow through
2008-06-05 19:55:02 [Message] dave -> Main Room: $rut had a strong day, was the leader for the indices
2008-06-05 19:55:08 [Message] fib_1618 -> Main Room: bigger picture wise, we're STILL in a trading range
2008-06-05 19:55:13 [Message] fib_1618 -> Main Room:
2008-06-05 19:55:54 [Message] fib_1618 -> Main Room: no less the MID which is now within striking distance of all time highs
2008-06-05 19:56:31 [Message] fib_1618 -> Main Room: this is your indication of high liquidity levels
2008-06-05 19:57:05 [Message] fib_1618 -> Main Room: where the secondaries, small and mid caps, can continue to consolidate in the face of the proxies taking a rest (for the public to see and hear)
2008-06-05 19:57:19 [Message] fib_1618 -> Main Room: yes...the pool is rising
2008-06-05 19:57:24 [Message] fib_1618 -> Main Room: and continues to do so
2008-06-05 19:57:53 [Message] fib_1618 -> Main Room: and as long as this keeps up, like the basketball in the proverbial deep end of the pool, it's going to be extremely hard for the bears to muster up a game plan
2008-06-05 19:58:11 [Message] fib_1618 -> Main Room: sure...there will ambush attempts
2008-06-05 19:58:26 [Message] fib_1618 -> Main Room: but bull markets also don't like company
2008-06-05 19:58:34 [Message] dave -> Main Room: in your opinion dave, was oil today a short covering bounce up? or the continuation of the prior trend?
2008-06-05 19:58:48 [Message] fib_1618 -> Main Room: and it will use all the weapons it has to keep the many from committing
2008-06-05 19:58:58 [Message] fib_1618 -> Main Room: I don't really know Dave
2008-06-05 19:59:01 [Message] dave -> Main Room: bus travels fastest with the fewest passengers
2008-06-05 19:59:02 [Message] fib_1618 -> Main Room: instinct?
2008-06-05 19:59:07 [Message] doc -> Main Room: Dave, you probably already mentioned it, but this next wave up should hopefully allow the NYAD cumulative line to take out its declining tops line. We are close
2008-06-05 19:59:12 [Message] fib_1618 -> Main Room: it was a reflex rally
2008-06-05 19:59:21 [Message] dave -> Main Room: i figured the same dave
2008-06-05 19:59:30 [Message] dave -> Main Room: too far too fast to down side
2008-06-05 19:59:52 [Message] fib_1618 -> Main Room: with all of the pundits coming out and beginning to suggest "oil top"
2008-06-05 19:59:55 [Message] dave -> Main Room: people talking everywhere about demand destruction, flipped too bearish too fast
2008-06-05 19:59:58 [Message] doc -> Main Room: Going back to June 2007
2008-06-05 20:00:09 [Message] fib_1618 -> Main Room: this is a way for the unwilling sellers to unload...and then whoosh
2008-06-05 20:00:15 [Message] fib_1618 -> Main Room: yes
2008-06-05 20:00:20 [Message] fib_1618 -> Main Room: go Doc
2008-06-05 20:00:46 [Message] doc -> Main Room: The DTL of the NYAD cum, we should take it out if this rally is for real here
2008-06-05 20:00:53 [Message] fib_1618 -> Main Room: absolutely
2008-06-05 20:01:00 [Message] doc -> Main Room: and along with it the near term DTL for the mco as well
2008-06-05 20:01:09 [Message] fib_1618 -> Main Room: and should do so with explosive action
2008-06-05 20:01:21 [Message] fib_1618 -> Main Room: just like any trendline violation
2008-06-05 20:01:22 [Message] doc -> Main Room: and that should give us a shot at the +500 mcsum
2008-06-05 20:01:30 [Message] doc -> Main Room: escape velocity
2008-06-05 20:01:34 [Message] fib_1618 -> Main Room: it is a point in a pattern in which a sudden shift in opinion takes place
2008-06-05 20:01:58 [Message] fib_1618 -> Main Room: and why breakouts of such areas tend to be highly noticeable
2008-06-05 20:02:06 [Message] fib_1618 -> Main Room: gaps...high volume
2008-06-05 20:02:32 [Message] fib_1618 -> Main Room: large difference between buyers and sellers (up and down volume)
2008-06-05 20:03:05 [Message] fib_1618 -> Main Room: look at today...84% up day on the NYSE according to Yahoo
2008-06-05 20:03:36 [Message] doc -> Main Room: Hurst wise, I believe the 40 wk cycle came as expected and is now behind us. Not a bad thing for the bulls. Are you looking at any business cycles in here? A 20 wk perhaps?
2008-06-05 20:03:37 [Message] fib_1618 -> Main Room: not too shabby...and consistent during times of breadth "thrusts"
2008-06-05 20:03:52 [Message] fib_1618 -> Main Room: tough call there Doc
2008-06-05 20:04:13 [Message] doc -> Main Room: we know that the last 9 month cycle was iffy because of the fact that the expected December low didn't hold in January
2008-06-05 20:04:24 [Message] doc -> Main Room: yup
2008-06-05 20:04:28 [Message] fib_1618 -> Main Room: I'm not absolutely sure where we are in that area
2008-06-05 20:04:43 [Message] doc -> Main Room: better to leave it on the back burner for now then
2008-06-05 20:04:45 [Message] fib_1618 -> Main Room: what happens over the next several weeks though should put some light on that subject
2008-06-05 20:04:58 [Message] fib_1618 -> Main Room: correct...it's not that important
2008-06-05 20:05:06 [Message] fib_1618 -> Main Room: what's only important here is follow through
2008-06-05 20:05:10 [Message] fib_1618 -> Main Room: that a trend can develop
2008-06-05 20:05:16 [Message] fib_1618 -> Main Room: don't care which direction
2008-06-05 20:05:31 [Message] fib_1618 -> Main Room: only that it has the qualities that would allow a price trend to develop
2008-06-05 20:05:32 [Message] doc -> Main Room: I would like to see the exchange stocks wake up also
2008-06-05 20:05:55 [Message] fib_1618 -> Main Room: the exchange stocks are having problems because of the lack of volume and competition
2008-06-05 20:06:18 [Message] Lew -> Main Room: Y, fib, does the leadership bother you here?
2008-06-05 20:06:30 [Message] fib_1618 -> Main Room: which leadership Lew?
2008-06-05 20:06:41 [Message] Lew -> Main Room: NDX outperforming
2008-06-05 20:06:53 [Message] fib_1618 -> Main Room: nope...because the MID is outperforming the NDX
2008-06-05 20:07:03 [Message] fib_1618 -> Main Room: in fact...I'm curious...one sec
2008-06-05 20:08:17 [Message] fib_1618 -> Main Room: actually...they're moving in sync here - http://stockcharts.com/c-sc/sc?s=$NDX:$MID&p=D&st=2007-08-01&i=t06617816517&r=9318
2008-06-05 20:08:45 [Message] fib_1618 -> Main Room: leading the SPX - http://stockcharts.com/c-sc/sc?s=$NDX:$SPX&p=D&st=2007-08-01&i=t33023367060&r=6724
2008-06-05 20:09:13 [Message] fib_1618 -> Main Room: but...
2008-06-05 20:09:19 [Message] fib_1618 -> Main Room: slightly lagging the SML - http://stockcharts.com/c-sc/sc?s=$NDX:$SML&p=D&st=2007-08-01&i=t71720964828&r=8273
2008-06-05 20:09:41 [Message] fib_1618 -> Main Room: this is the kind of liquidity that allows uptrends to develop
2008-06-05 20:10:00 [Message] fib_1618 -> Main Room: so to answer your question, no, it doesn't
2008-06-05 20:10:12 [Message] fib_1618 -> Main Room: in fact...one moment
2008-06-05 20:10:12 [Message] Lew -> Main Room: thx
2008-06-05 20:11:16 [Message] fib_1618 -> Main Room: check the dates here - http://stockcharts.com/c-sc/sc?s=$NDX:$SPX&p=D&st=2003-01-01&en=2003-12-01&i=t06371315317&r=8552
2008-06-05 20:12:14 [Message] fib_1618 -> Main Room: longer term... http://stockcharts.com/c-sc/sc?s=$NDX:$SPX&p=D&st=2003-01-01&i=t56918494371&r=6868
2008-06-05 20:13:22 [Message] fib_1618 -> Main Room: but certainly not like the prior bull move...yet - http://stockcharts.com/c-sc/sc?s=$SML:$NDX&p=D&st=2003-01-01&i=t14161321249&r=6452
2008-06-05 20:13:32 [Message] fib_1618 -> Main Room: again...we're in a trading range
2008-06-05 20:13:48 [Message] fib_1618 -> Main Room: more than likely, we're going to test the upper level of this same range
2008-06-05 20:14:02 [Message] fib_1618 -> Main Room: but even this needs a little more confirmation
2008-06-05 20:14:52 [Message] fib_1618 -> Main Room: now...after snapping back this week to the zero line, the NASDAQ breadth MCO powered higher today
2008-06-05 20:15:23 [Message] fib_1618 -> Main Room: and we previously commented on the structure of the NASDAQ breadth MCSUM in looking for this kind of outcome
2008-06-05 20:15:43 [Message] fib_1618 -> Main Room: the structure of the MCSUM also suggests to us that there was very little selling during the last two weeks
2008-06-05 20:16:05 [Message] fib_1618 -> Main Room: and if there's no one selling...one should reasonable expect higher prices
2008-06-05 20:16:37 [Message] fib_1618 -> Main Room: we also know that our upside MCSUM objective of the zero line has yet to be attained here
2008-06-05 20:17:17 [Message] fib_1618 -> Main Room: and with today's move higher, with a small bottoms above bottoms structure intact on the MCSUM, this same zero line expectation is still the forecast
2008-06-05 20:17:58 [Message] fib_1618 -> Main Room: power move, and possible buy spike, on the NDX breadth MCO
2008-06-05 20:18:17 [Message] fib_1618 -> Main Room: all we need to see is a take out of the May MCO highs for confirmation
2008-06-05 20:18:36 [Message] fib_1618 -> Main Room: remember our discussion on the MCO last week (I think) regarding the length of time in which the MCO is able to transverse either above or below the zero line shows the power of control by that represented side?
2008-06-05 20:19:39 [Message] fib_1618 -> Main Room: with the MCO having been above the zero line for a couple of months, it was then the bears job to keep the MCO below this same line to provide balance
2008-06-05 20:19:43 [Message] fib_1618 -> Main Room: this hasn't happen (so far)
2008-06-05 20:19:51 [Message] fib_1618 -> Main Room: and now the bears are in real trouble if they can't some how blind side the bulls
2008-06-05 20:20:30 [Message] fib_1618 -> Main Room: so far, all that was able to be done produced "divergence"
2008-06-05 20:21:01 [Message] fib_1618 -> Main Room: if the NDX breadth MCSUM is able to move to new highs (above May)
2008-06-05 20:21:18 [Message] fib_1618 -> Main Room: and further finding support at the +250 level
2008-06-05 20:21:51 [Message] fib_1618 -> Main Room: the upside potential here of new recovery highs is quite probable
2008-06-05 20:22:33 [Message] fib_1618 -> Main Room: and can you imagine what traders will do once last October's price highs are taken out?
2008-06-05 20:22:44 [Message] fib_1618 -> Main Room: "with both hands"
2008-06-05 20:23:00 [Message] fib_1618 -> Main Room: still...nothing confirmed here
2008-06-05 20:23:23 [Message] fib_1618 -> Main Room: but the expectation with the current data is quite exciting
2008-06-05 20:23:52 [Message] fib_1618 -> Main Room: a slightly higher high on the SPX breadth MCO today
2008-06-05 20:23:58 [Message] fib_1618 -> Main Room: confirming bull divergence in place
2008-06-05 20:24:07 [Message] fib_1618 -> Main Room: a little follow through near term would be nice
2008-06-05 20:24:12 [Message] fib_1618 -> Main Room: but it's there
2008-06-05 20:24:24 [Message] fib_1618 -> Main Room: and if there's a near term bump, it should be contained
2008-06-05 20:24:55 [Message] fib_1618 -> Main Room: also of note is that today's move higher on the SPX breadth MCSUM took place just above its zero line
2008-06-05 20:25:09 [Message] fib_1618 -> Main Room: so one side is about to take control (no less, was the planned expectation)
2008-06-05 20:25:51 [Message] fib_1618 -> Main Room: a slightly higher high in the OEX breadth MCO
2008-06-05 20:26:13 [Message] fib_1618 -> Main Room: and the OEX breadth MCSUM is attempting to turn higher just below its zero line
2008-06-05 20:26:35 [Message] fib_1618 -> Main Room: could be a bounce, or could be a small snapback towards zero providing caution
2008-06-05 20:26:47 [Message] fib_1618 -> Main Room: only follow through, or the lack of it, will tell the tale
2008-06-05 20:27:03 [Message] fib_1618 -> Main Room: full snapback to the zero line on the Dow breadth MCO
2008-06-05 20:27:09 [Message] fib_1618 -> Main Room: bull divergence in place
2008-06-05 20:27:14 [Message] fib_1618 -> Main Room: just need a little more love
2008-06-05 20:27:43 [Message] fib_1618 -> Main Room: a strong move higher today on the MID breadth MCO
2008-06-05 20:28:07 [Message] fib_1618 -> Main Room: and now the MID is within 28 points of all time highs
2008-06-05 20:28:32 [Message] fib_1618 -> Main Room: the price pattern also broke about horizontal resistance today
2008-06-05 20:28:47 [Message] fib_1618 -> Main Room: so let's look for a full on challenge of these same highs in the next couple of weeks
2008-06-05 20:29:09 [Message] fib_1618 -> Main Room: and if the MID breadth MCO can get above the +75 level
2008-06-05 20:29:16 [Message] fib_1618 -> Main Room: that should be enough for new all time price highs
2008-06-05 20:29:39 [Message] fib_1618 -> Main Room: and look at the way the MID breadth MCSUM found support at the +250 level!
2008-06-05 20:30:01 [Message] fib_1618 -> Main Room: and tested it twice
2008-06-05 20:30:16 [Message] fib_1618 -> Main Room: that's the kind of character the bulls are looking for
2008-06-05 20:30:48 [Message] fib_1618 -> Main Room: if you're still short here, you might want to reconsider
2008-06-05 20:31:00 [Message] fib_1618 -> Main Room: wow..
2008-06-05 20:31:10 [Message] fib_1618 -> Main Room: power move breadth thrust today on the SML breadth MCO
2008-06-05 20:31:21 [Message] fib_1618 -> Main Room: just need to take out the previous highs now
2008-06-05 20:31:46 [Message] fib_1618 -> Main Room: and again...these power moves will tend to happen at times in which new opinions are seen
2008-06-05 20:31:54 [Message] fib_1618 -> Main Room: look at the SML breadth MCSUM
2008-06-05 20:32:09 [Message] fib_1618 -> Main Room: as we gapped above the zero line today with this same power move
2008-06-05 20:32:27 [Message] fib_1618 -> Main Room: and this is after two failures to move above this same line!
2008-06-05 20:32:45 [Message] fib_1618 -> Main Room: looking at the SML components
2008-06-05 20:32:57 [Message] fib_1618 -> Main Room: and there we see that the 10% component has already moved to new highs
2008-06-05 20:33:11 [Message] fib_1618 -> Main Room: "bubbling under the surface"
2008-06-05 20:33:12 [Message] swingtrader -> Main Room: it looks to me that the $SML MCO has broke its declining top line from the Feb high. not a clear cut though
2008-06-05 20:33:34 [Message] fib_1618 -> Main Room: perceptively, yes
2008-06-05 20:33:49 [Message] fib_1618 -> Main Room: but the horizontal highs are more important at this stage
2008-06-05 20:33:56 [Message] fib_1618 -> Main Room: we need to see more "gas"
2008-06-05 20:34:00 [Message] swingtrader -> Main Room: OK. Thanks.
2008-06-05 20:34:18 [Message] fib_1618 -> Main Room: right now...410 is the objective
2008-06-05 20:34:26 [Message] fib_1618 -> Main Room: but if we see new highs on the MCO
2008-06-05 20:34:42 [Message] fib_1618 -> Main Room: the all time highs of 440 would be the target
2008-06-05 20:35:03 [Message] fib_1618 -> Main Room: perception is also a whisper...
2008-06-05 20:35:17 [Message] fib_1618 -> Main Room: let's see if the bulls can build on this
2008-06-05 20:35:20 [Message] fib_1618 -> Main Room: the timing is right
2008-06-05 20:35:29 [Message] fib_1618 -> Main Room: stimulus is high
2008-06-05 20:35:41 [Message] fib_1618 -> Main Room: the checks are in the mail (look at retail sales)
2008-06-05 20:35:50 [Message] swingtrader -> Main Room: if we break 410. I think we should have broke the $NYAD DTL in the process
2008-06-05 20:35:54 [Message] fib_1618 -> Main Room: and even more importantly in all of this
2008-06-05 20:36:01 [Message] fib_1618 -> Main Room: and why no one really comments on this is beyond me
2008-06-05 20:36:19 [Message] fib_1618 -> Main Room: is that productivity is really picking up again and this will keep any inflationary tendencies at bay
2008-06-05 20:36:35 [Message] fib_1618 -> Main Room: it could correspond to this, yes ST
2008-06-05 20:36:57 [Message] fib_1618 -> Main Room: but the more important A/D line would be the common only line
2008-06-05 20:37:25 [Message] fib_1618 -> Main Room: I was shown a chart from Mortiz today and the unweighted NYA is far and away leading the weighted pricing to the upside now
2008-06-05 20:38:51 [Message] fib_1618 -> Main Room: these weighted averages are the biggest rip off
2008-06-05 20:39:06 [Message] fib_1618 -> Main Room: scoundrels
2008-06-05 20:39:34 [Message] fib_1618 -> Main Room: and the TM breadth MCO moved higher today to provide bull divergence here too
2008-06-05 20:40:18 [Message] fib_1618 -> Main Room: in fact, if you look at the close up chart, both price and breadth are moving in sync with each other right now - confirming today's recovery high
2008-06-05 20:40:56 [Message] TradeMark -> Main Room: What was decided about the TM? Is it the same thing as Russell 2000?
2008-06-05 20:41:04 [Message] fib_1618 -> Main Room: so...we were expecting that the correctional time, IF the last two weeks were corrective, would last until tomorrow
2008-06-05 20:41:16 [Message] fib_1618 -> Main Room: a day off...but we still need to see good follow through here
2008-06-05 20:41:57 [Message] fib_1618 -> Main Room: "Our Total Market charts combine data from the NYSE, Nasdaq, and AMEX."
2008-06-05 20:42:14 [Message] fib_1618 -> Main Room: once...well a big hello to Mortiz!!
2008-06-05 20:42:23 [Message] fib_1618 -> Main Room: glad you could stop by!
2008-06-05 20:42:25 [Message] mortiz -> Main Room: still going, eh?
2008-06-05 20:42:36 [Message] fib_1618 -> Main Room: usually to 8 your time these days
2008-06-05 20:43:11 [Message] fib_1618 -> Main Room: I just have to learn how not to talk too much
2008-06-05 20:43:12 [Message] mortiz -> Main Room: done with data stuff, thought I'd check in
2008-06-05 20:43:34 [Message] TradeMark -> Main Room: 17 minutes to go
2008-06-05 20:43:34 [Message] fib_1618 -> Main Room: anything you wish to share tonight...I briefly mentioned the unweighted/weighted data
2008-06-05 20:44:29 [Message] mortiz -> Main Room: the internals look pretty good, like you say, the unweighted data looks better the traditional indices
2008-06-05 20:44:53 [Message] mortiz -> Main Room: particularly the unweighted NYA which is an interesting index
2008-06-05 20:45:24 [Message] fib_1618 -> Main Room: do you keep data on other weighted and unweighted indices?
2008-06-05 20:45:55 [Message] mortiz -> Main Room: All kinds of them... most other than the NASDAQ composite and Amex
2008-06-05 20:46:34 [Message] mortiz -> Main Room: the lower 1000 issues of RUT were up nearly 3.5% today
2008-06-05 20:46:41 [Message] fib_1618 -> Main Room: well, I don't know how the NASDAQ and NDX look right now, but looking at the NDX volume MCSUM, it moved to new highs today
2008-06-05 20:47:03 [Message] fib_1618 -> Main Room: boy...the NDX looks really strong here
2008-06-05 20:47:19 [Message] fib_1618 -> Main Room: literally pulling the NASDAQ by it's suspenders
2008-06-05 20:47:47 [Message] fib_1618 -> Main Room: looking at the volume MCO's, this is another reason why one shouldn't just dive in here
2008-06-05 20:48:14 [Message] fib_1618 -> Main Room: lagging breadth in several cases, and some are still below their zero lines
2008-06-05 20:48:47 [Message] fib_1618 -> Main Room: I know many of your hands out there are probably sore right now, but a little more patience is indicated
2008-06-05 20:49:08 [Message] swingtrader -> Main Room: why the volume lag breadth tell us it is not going to dive?
2008-06-05 20:49:32 [Message] fib_1618 -> Main Room: not necessarily
2008-06-05 20:49:55 [Message] fib_1618 -> Main Room: it would be a problem if volume was showing too much strength
2008-06-05 20:50:10 [Message] mortiz -> Main Room: Breadth in the NDX was actually better yesterday, but its CLX (net component volume accumulation) was only at +33 today, maybe getting tired?
2008-06-05 20:50:26 [Message] fib_1618 -> Main Room: the reason being is that want to see volume move into the broadest amount of issues and not just a select few
2008-06-05 20:50:43 [Message] fib_1618 -> Main Room: boy...don't know here about the CLX
2008-06-05 20:50:48 [Message] swingtrader -> Main Room: Ok. I see. Thanks.
2008-06-05 20:50:58 [Message] fib_1618 -> Main Room: I haven't had too much experience with it
2008-06-05 20:51:17 [Message] fib_1618 -> Main Room: all I know is that the MCSUM's are holding were they should be holding
2008-06-05 20:51:26 [Message] fib_1618 -> Main Room: we have MCO bull divergence in place on several indices now
2008-06-05 20:51:39 [Message] mortiz -> Main Room: I would expect the NDX CLX to be higher than +33 after the past couple of days... Dow and OEX are hurting in that respect
2008-06-05 20:51:45 [Message] fib_1618 -> Main Room: and the SML is really starting to show some leadership now
2008-06-05 20:51:52 [Message] Lew -> Main Room: I have not found an NDX/SPX ratio like this indicative of a bottom, mote of a top-will it be different this time?
2008-06-05 20:52:02 [Message] fib_1618 -> Main Room: possible rotation there...me thinks - and Mortiz points out another area of caution - thanks
2008-06-05 20:52:28 [Message] fib_1618 -> Main Room: how about the one I showed back in 2003 Lew?
2008-06-05 20:52:54 [Message] mortiz -> Main Room: RUT MCOs have been confirming the SML leadership
2008-06-05 20:53:01 [Message] fib_1618 -> Main Room: we have to keep in mind that the secondaries are issues that couldn't make it on the primary market
2008-06-05 20:53:39 [Message] fib_1618 -> Main Room: and both breadth and volume MCSUM's on the SML are just now attempting to cross above their zero lines
2008-06-05 20:53:57 [Message] fib_1618 -> Main Room: and looking at the SML volume MCO, we're at 2 month highs now
2008-06-05 20:54:06 [Message] fib_1618 -> Main Room: so money is shifting into the small caps
2008-06-05 20:54:37 [Message] fib_1618 -> Main Room: and as we all know...this can only happen if there's ample liquidity to raise these same boats that are furthest in the marina entrance
2008-06-05 20:55:05 [Message] fib_1618 -> Main Room: for now...the bulls made a stand today
2008-06-05 20:55:18 [Message] fib_1618 -> Main Room: if they can turn on the after burners here, watch out
2008-06-05 20:55:38 [Message] mortiz -> Main Room: As you have suggested before Fib, Fed pumping starting to show up in equities
2008-06-05 20:56:05 [Message] fib_1618 -> Main Room: all the other watering holes are filled, yes
2008-06-05 20:56:20 [Message] fib_1618 -> Main Room: STVO's remain on the bullish side of neutral
2008-06-05 20:56:35 [Message] fib_1618 -> Main Room: VTO's as well...with the Dow still "oversold" (could see a big pop there)
2008-06-05 20:57:02 [Message] fib_1618 -> Main Room: NYSE TRIN at .65
2008-06-05 20:57:11 [Message] fib_1618 -> Main Room: Open 10 at 1.05
2008-06-05 20:57:17 [Message] fib_1618 -> Main Room: still "oversold"
2008-06-05 20:57:35 [Message] fib_1618 -> Main Room: NASDAQ TRIN at .56
2008-06-05 20:57:43 [Message] fib_1618 -> Main Room: Open 10 at .79
2008-06-05 20:57:46 [Message] fib_1618 -> Main Room: "overbought"
2008-06-05 20:57:53 [Message] fib_1618 -> Main Room: boy..that didn't take long
2008-06-05 20:58:02 [Message] fib_1618 -> Main Room: what was it? 1.05 two days ago?
2008-06-05 20:58:17 [Message] swingtrader -> Main Room: Is it a worrisome sign for the NAZ?
2008-06-05 20:58:17 [Message] fib_1618 -> Main Room: might be a shift from growth to value coming
2008-06-05 20:58:24 [Message] fib_1618 -> Main Room: near term...maybe
2008-06-05 20:58:34 [Message] swingtrader -> Main Room: hmm.
2008-06-05 20:58:37 [Message] fib_1618 -> Main Room: and if it is...
2008-06-05 20:58:52 [Message] fib_1618 -> Main Room: it will probably find its way into the issues that have been trashed this week
2008-06-05 20:58:59 [Message] fib_1618 -> Main Room: "financials"
2008-06-05 20:59:10 [Message] fib_1618 -> Main Room: and this should get the high caps moving
2008-06-05 20:59:24 [Message] fib_1618 -> Main Room: for now
2008-06-05 20:59:53 [Message] fib_1618 -> Main Room: what I would expect to happen is that the market will continue to attempt to push higher...to move above the price highs of two weeks ago
2008-06-05 21:00:12 [Message] fib_1618 -> Main Room: with the NDX lagging a bit to that of the SPX
2008-06-05 21:00:38 [Message] fib_1618 -> Main Room: example...instead of the NDX being up 1% and the SPX flat...the SPX might be up 1% and the NDX flat
2008-06-05 21:00:43 [Message] fib_1618 -> Main Room: watch the rotation
2008-06-05 21:00:47 [Message] fib_1618 -> Main Room: I would not panic here
2008-06-05 21:00:59 [Message] fib_1618 -> Main Room: the internals of the NDX are still very strong here
2008-06-05 21:01:21 [Message] fib_1618 -> Main Room: and even if money started moving out, the MCSUM's are high enough were any downside decay will probably be limited
2008-06-05 21:01:56 [Message] fib_1618 -> Main Room: TM TRIN at .58
2008-06-05 21:02:07 [Message] fib_1618 -> Main Room: Open 10 at .87
2008-06-05 21:02:12 [Message] fib_1618 -> Main Room: basically neutral
2008-06-05 21:02:19 [Message] fib_1618 -> Main Room: so....
2008-06-05 21:02:24 [Message] fib_1618 -> Main Room: "show me the money!"
2008-06-05 21:02:54 [Message] fib_1618 -> Main Room: believe me, we will know if we're breaking out above the A/D line resistance
2008-06-05 21:03:03 [Message] fib_1618 -> Main Room: it should be powerful
2008-06-05 21:03:16 [Message] fib_1618 -> Main Room: 4:1? possible
2008-06-05 21:03:22 [Message] fib_1618 -> Main Room: almost got there today
2008-06-05 21:03:38 [Message] fib_1618 -> Main Room: Mortiz - 84% up volume day today? (that's what Yahoo is showing)
2008-06-05 21:04:04 [Message] fib_1618 -> Main Room: anything else?
2008-06-05 21:04:30 [Message] swingtrader -> Main Room: what would be the new buy signal?
2008-06-05 21:04:39 [Message] fib_1618 -> Main Room: which index?
2008-06-05 21:05:03 [Message] fib_1618 -> Main Room: or a general answer?
2008-06-05 21:05:06 [Message] mortiz -> Main Room: 86% up volume according to WSJ (NYSE)
2008-06-05 21:05:15 [Message] fib_1618 -> Main Room: amazing
2008-06-05 21:05:17 [Message] swingtrader -> Main Room: that's tough. I would put it in sml and mid
2008-06-05 21:05:35 [Message] fib_1618 -> Main Room: OK...here's the way I would play it (adding the final 25% to my phantom core trade)
2008-06-05 21:06:08 [Message] fib_1618 -> Main Room: wait until the just recent MCSUM breadth highs are taken out
2008-06-05 21:06:28 [Message] fib_1618 -> Main Room: but...if you see the MCO's move in advance of this...that would be an OK time as well
2008-06-05 21:06:49 [Message] fib_1618 -> Main Room: as far as the momentum behind the SML right now...might be as soon as tomorrow
2008-06-05 21:07:07 [Message] fib_1618 -> Main Room: the MID though could provide better overall returns
2008-06-05 21:07:14 [Message] swingtrader -> Main Room: so if sml mco move above 50, right?
2008-06-05 21:07:19 [Message] fib_1618 -> Main Room: since it's within striking distance of its all time highs
2008-06-05 21:07:36 [Message] fib_1618 -> Main Room: the horizontal highs...I think it was +75
2008-06-05 21:07:50 [Message] fib_1618 -> Main Room: you'll know
2008-06-05 21:08:02 [Message] fib_1618 -> Main Room: you have enough experience now on what to look for
2008-06-05 21:08:23 [Message] fib_1618 -> Main Room: and if your stomach is tight, then the trade is probably a good one
2008-06-05 21:08:32 [Message] fib_1618 -> Main Room: anything else?
2008-06-05 21:08:45 [Message] swingtrader -> Main Room: lol
2008-06-05 21:08:48 [Message] fib_1618 -> Main Room: btw...still very busy here
2008-06-05 21:09:17 [Message] swingtrader -> Main Room: why MID provide a better return
2008-06-05 21:09:18 [Message] fib_1618 -> Main Room: which is kind of unusual for June
2008-06-05 21:09:35 [Message] fib_1618 -> Main Room: because it would be the first index to go to all time highs
2008-06-05 21:09:40 [Message] swingtrader -> Main Room: because MCSUM or the all time price high is like a magnet?
2008-06-05 21:09:46 [Message] fib_1618 -> Main Room: everyone is a winner (in essence) - no resistance
2008-06-05 21:09:58 [Message] fib_1618 -> Main Room: follow the money
2008-06-05 21:10:09 [Message] fib_1618 -> Main Room: get the answers later on why
2008-06-05 21:10:14 [Message] swingtrader -> Main Room: OK. Thanks. back to the basics
2008-06-05 21:10:28 [Message] fib_1618 -> Main Room: OK...if there's nothing else...I'm going to take off
2008-06-05 21:10:37 [Message] fib_1618 -> Main Room: everyone have a great weekend
2008-06-05 21:10:44 [Message] fib_1618 -> Main Room: and we'll chat again next Tuesday
2008-06-05 21:10:47 [Message] fib_1618 -> Main Room: good night
2008-06-05 21:10:47 [Message] swingtrader -> Main Room: Thanks fib. Have a good weekend



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