All donations go towards web site maintenance for all of Technical Watch,
keep it free of charge, and may be tax deductable as an investment expense.


PayPal Verified
Join our market chat sessions every Tuesday and Thursday at 4:00 pm Pacific time!
More information on subscriber services can be found at
http://www.technicalwatch.com/subs.htm

Sign up Calendar Latest Topics
 
 
 


Reply
  Author   Comment  
fib_1618

Moderator
Registered:
Posts: 4,898
Reply with quote  #1 
2014-07-01 16:00:36 [Message] fib_1618 -> Chat: good day
2014-07-01 16:00:39 [Message] fib_1618 -> Chat: how is everyone?
2014-07-01 16:02:55 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2014-07-01 16:03:00 [Message] rite01 -> Chat: The Term - Smart Money - is this what we are following ?
2014-07-01 16:04:20 [Message] fib_1618 -> Chat: nope
2014-07-01 16:04:32 [Message] fib_1618 -> Chat: we're just following the "majority" [smile]
2014-07-01 16:04:44 [Message] rite01 -> Chat: Thanks that's what I thought
2014-07-01 16:04:48 [Message] fib_1618 -> Chat: it's only "smart" if they pick the right direction [smile]
2014-07-01 16:05:27 [Message] fib_1618 -> Chat: we're following large sums of money that have a direct influence on price  [smile]
2014-07-01 16:10:53 [Message] fib_1618 -> Chat: OK...let's get SC up and get going
2014-07-01 16:11:45 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO moved higher again today
2014-07-01 16:11:49 [Message] fib_1618 -> Chat: and with this latest effort
2014-07-01 16:12:07 [Message] fib_1618 -> Chat: has now taken out the MCO highs of 2 weeks ago by the barest of margins
2014-07-01 16:12:37 [Message] thespookyone -> Chat: Which group are these charts in? I lost them somehow?
2014-07-01 16:12:44 [Message] fib_1618 -> Chat: this move also pushed the NYSE CO breadth MCSUM to higher highs
2014-07-01 16:12:57 [Message] fib_1618 -> Chat: oh...is this your first day with the new format?
2014-07-01 16:13:12 [Message] thespookyone -> Chat: no, but having a prob today...
2014-07-01 16:13:29 [Message] fib_1618 -> Chat: it will be listed under DPMI 1060
2014-07-01 16:13:31 [Message] fib_1618 -> Chat: yes
2014-07-01 16:13:45 [Message] thespookyone -> Chat: thanks!!! got it
2014-07-01 16:13:46 [Message] fib_1618 -> Chat: with the first chart being the Common Only
2014-07-01 16:13:49 [Message] fib_1618 -> Chat: great!
2014-07-01 16:14:10 [Message] fib_1618 -> Chat: today's move also pushed this MCSUM above the +750 level
2014-07-01 16:14:43 [Message] fib_1618 -> Chat: so any kind of follow through that we may see on Wednesday will be enough to look for our next level of resistance at the +1000 level
2014-07-01 16:15:18 [Message] fib_1618 -> Chat: and looking at the components
2014-07-01 16:15:31 [Message] fib_1618 -> Chat: we also see that the 10% Trend also moved to new highs today
2014-07-01 16:15:47 [Message] fib_1618 -> Chat: helping in confirming that today's higher high in the MCO has some teeth in it
2014-07-01 16:15:55 [Message] fib_1618 -> Chat: moving to the composite data
2014-07-01 16:16:18 [Message] fib_1618 -> Chat: and there we have no doubt of a higher high in the NYSE breadth MCO
2014-07-01 16:16:38 [Message] fib_1618 -> Chat: so this not only confirms the higher price highs in the NYA that we saw today
2014-07-01 16:17:09 [Message] fib_1618 -> Chat: but this now gives us a new lease on life and we can now extend the time window for any kind of topping pattern to the beginning of August
2014-07-01 16:17:43 [Message] fib_1618 -> Chat: with any extended move above the early June highs pushing this time window out to as far as September OPEX
2014-07-01 16:17:47 [Message] fib_1618 -> Chat: in other words
2014-07-01 16:18:21 [Message] fib_1618 -> Chat: any continued strength here over the next couple of days, that's enough to push this MCO above the early June levels, would give us a bullish summer overall
2014-07-01 16:18:42 [Message] fib_1618 -> Chat: and pretty much lock in our 2250 price target for the SPX during this advancing trend
2014-07-01 16:19:05 [Message] fib_1618 -> Chat: looking at the NYSE Composite breadth MCSUM
2014-07-01 16:19:15 [Message] fib_1618 -> Chat: and we see that we have also moved to new 52 week highs now
2014-07-01 16:19:26 [Message] fib_1618 -> Chat: which also confirms that a very strong uptrend is in progress
2014-07-01 16:20:05 [Message] fib_1618 -> Chat: as it would take quite amount of energy to get to these higher levels with our being "over extended" already
2014-07-01 16:24:29 [Message] fib_1618 -> Chat: good continuation pattern with the NASDAQ breadth MCO
2014-07-01 16:24:42 [Message] fib_1618 -> Chat: but it remains slightly below the recent highs of last month closing today at a +38
2014-07-01 16:25:23 [Message] fib_1618 -> Chat: where we noted last week that a +40 number, or better, would be needed to keep this rally going for this group of issues
2014-07-01 16:25:36 [Message] fib_1618 -> Chat: meanwhile
2014-07-01 16:26:05 [Message] fib_1618 -> Chat: today's move higher in the MCO has provided a gap expansion to the upside in the NASDAQ breadth MCSUM
2014-07-01 16:26:27 [Message] fib_1618 -> Chat: as it closed today with a +254 reading
2014-07-01 16:26:32 [Message] fib_1618 -> Chat: good follow though on that
2014-07-01 16:26:37 [Message] fib_1618 -> Chat: and by that we mean
2014-07-01 16:26:47 [Message] fib_1618 -> Chat: any move above the +40 level in the NASDAQ MCO
2014-07-01 16:27:07 [Message] fib_1618 -> Chat: would then put us in the clear above the important +250 level in the NASDAQ breadth MCSUM
2014-07-01 16:27:23 [Message] fib_1618 -> Chat: as everything must all work together to achieve a common goal
2014-07-01 16:28:03 [Message] fib_1618 -> Chat: the NDX breadth MCO did clear its recent highs today
2014-07-01 16:28:22 [Message] fib_1618 -> Chat: so this would confirm the 1.17% move to the upside today and closing the index at its highest levels since the kick off the 2000 bear market
2014-07-01 16:29:18 [Message] fib_1618 -> Chat: and they said it couldn't be done 10 years ago...but here we are
2014-07-01 16:29:32 [Message] thespookyone -> Chat: well, I'm seeing some Bears get kicked around [smile]
2014-07-01 16:29:57 [Message] fib_1618 -> Chat: any follow through push by the buyers on Wednesday would then be enough to push the NDX breadth MCSUM to higher highs
2014-07-01 16:30:11 [Message] fib_1618 -> Chat: they are getting literally slaughtered
2014-07-01 16:30:23 [Message] thespookyone -> Chat: and, can't get enough
2014-07-01 16:30:40 [Message] fib_1618 -> Chat: by allowing their emotions get in the way of any analytical insight that they might have
2014-07-01 16:30:46 [Message] fib_1618 -> Chat: here's what's going to happen
2014-07-01 16:30:55 [Message] fib_1618 -> Chat: the technicals won't work anymore
2014-07-01 16:31:02 [Message] fib_1618 -> Chat: they will continue to blame the FED
2014-07-01 16:31:07 [Message] fib_1618 -> Chat: blame QE
2014-07-01 16:31:20 [Message] fib_1618 -> Chat: and blame anything and everything that have NOTHING to do with what's happening here
2014-07-01 16:31:43 [Message] fib_1618 -> Chat: with liquidity as ample as it is right now
2014-07-01 16:31:53 [Message] fib_1618 -> Chat: the market really CAN'T go lower
2014-07-01 16:32:12 [Message] thespookyone -> Chat: They are already at "this is overbought, it HAS to drop" pretty shabby TA
2014-07-01 16:32:21 [Message] fib_1618 -> Chat: it's pretty much impossible to do so based on the physics under which prices use to either gain or lose their value
2014-07-01 16:32:42 [Message] fib_1618 -> Chat: and it will continue to be "overbought" as long as money continues to move INTO the markets
2014-07-01 16:33:05 [Message] thespookyone -> Chat: some of the biggest gains come when overbought-TA 101
2014-07-01 16:35:20 [Message] fib_1618 -> Chat: anyway...
2014-07-01 16:35:28 [Message] fib_1618 -> Chat: the NDX is looking good again
2014-07-01 16:35:31 [Message] fib_1618 -> Chat: let's see how the SPX looks
2014-07-01 16:35:49 [Message] fib_1618 -> Chat: new all time high close today
2014-07-01 16:35:57 [Message] fib_1618 -> Chat: but as we see in the SPX breadth MCO
2014-07-01 16:36:03 [Message] fib_1618 -> Chat: this was not confirmed
2014-07-01 16:36:14 [Message] fib_1618 -> Chat: as we are still well below the recent high point
2014-07-01 16:36:34 [Message] fib_1618 -> Chat: it will be VERY important for the buyers now to show better than average follow through
2014-07-01 16:36:49 [Message] fib_1618 -> Chat: or a vacuum will exist that will need to be filled
2014-07-01 16:36:56 [Message] fib_1618 -> Chat: and a near term rally failure will result
2014-07-01 16:37:15 [Message] fib_1618 -> Chat: looking at the 21 day close up chart of the SPX breadth MCO
2014-07-01 16:37:25 [Message] fib_1618 -> Chat: and we see that we have constructive behavior
2014-07-01 16:37:35 [Message] fib_1618 -> Chat: with bottoms above bottoms supporting the pattern at this time
2014-07-01 16:37:39 [Message] fib_1618 -> Chat: so at the very least
2014-07-01 16:37:53 [Message] fib_1618 -> Chat: the buyers will continue to try to push the envelope here near term
2014-07-01 16:38:05 [Message] fib_1618 -> Chat: and that could be on the back off tomorrows ADP report
2014-07-01 16:38:32 [Message] fib_1618 -> Chat: intraday high today was 1978
2014-07-01 16:38:52 [Message] fib_1618 -> Chat: so about 22 points away from the psychological level of 2000
2014-07-01 16:39:05 [Message] fib_1618 -> Chat: which should provide some sort of pause in the action
2014-07-01 16:39:14 [Message] fib_1618 -> Chat: at least one would think so
2014-07-01 16:39:40 [Message] fib_1618 -> Chat: moving to the OEX breadth MCO
2014-07-01 16:39:50 [Message] fib_1618 -> Chat: and here we see that it remains BELOW its zero line with a -1 reading
2014-07-01 16:40:01 [Message] fib_1618 -> Chat: of course
2014-07-01 16:40:08 [Message] fib_1618 -> Chat: this is a non confirmation
2014-07-01 16:40:28 [Message] fib_1618 -> Chat: so unless we see a quick resolution to this by Thursday
2014-07-01 16:40:54 [Message] fib_1618 -> Chat: we're probably going to back and fill to the 860 level to reset the pattern
2014-07-01 16:40:58 [Message] fib_1618 -> Chat: interesting to note
2014-07-01 16:41:15 [Message] fib_1618 -> Chat: that, once again, the secondaries and the broad market of the NYSE are taking leadership here
2014-07-01 16:41:22 [Message] fib_1618 -> Chat: which is all well and good actually
2014-07-01 16:41:46 [Message] fib_1618 -> Chat: as it shows that liquidity levels are buoyant enough to keep things moving forward
2014-07-01 16:42:00 [Message] fib_1618 -> Chat: and though it's not really a good thing to have the generals and higher brass leading direction
2014-07-01 16:42:24 [Message] fib_1618 -> Chat: it's also important to have them following anything that the troops gain by blazing the trail for them
2014-07-01 16:42:40 [Message] fib_1618 -> Chat: so, in this regard, their participation is important
2014-07-01 16:42:44 [Message] rite01 -> Chat: why 860 level?
2014-07-01 16:43:22 [Message] fib_1618 -> Chat: it's where the previous consolidation area held prices in check
2014-07-01 16:43:37 [Message] fib_1618 -> Chat: it's the starting point before prices built on this same platform
2014-07-01 16:43:47 [Message] fib_1618 -> Chat: sort of like the base of where you rest a ladder
2014-07-01 16:43:57 [Message] fib_1618 -> Chat: and the ladder isn't strong enough to hold your weight
2014-07-01 16:44:23 [Message] fib_1618 -> Chat: and you fall back to the starting, or foundational point, in which the ladder was laid to try again
2014-07-01 16:44:42 [Message] rite01 -> Chat: OK I think I see it
2014-07-01 16:44:48 [Message] fib_1618 -> Chat: knowing basic charting stuff like this
2014-07-01 16:44:53 [Message] fib_1618 -> Chat: will keep you honest
2014-07-01 16:45:07 [Message] fib_1618 -> Chat: and knowing that prices can NOT move beyond the point of their start unless that foundation is broken apart
2014-07-01 16:45:31 [Message] fib_1618 -> Chat: "broken apart" would entail in seeing lower lows in the MCO
2014-07-01 16:45:37 [Message] fib_1618 -> Chat: no less
2014-07-01 16:45:57 [Message] fib_1618 -> Chat: a break of any rising trends (bottoms above bottoms) that were laid out to create this same foundation
2014-07-01 16:46:14 [Message] fib_1618 -> Chat: this is why the bears can only "chip away" at support
2014-07-01 16:46:19 [Message] fib_1618 -> Chat: and NOT break though it
2014-07-01 16:46:51 [Message] fib_1618 -> Chat: they would have to use a jack hammer first to break the foundation
2014-07-01 16:47:03 [Message] fib_1618 -> Chat: and only then would they be able to move to the next level lower
2014-07-01 16:47:19 [Message] fib_1618 -> Chat: think of a rising price structure as that of a building
2014-07-01 16:47:24 [Message] fib_1618 -> Chat: where you lay a keystone
2014-07-01 16:47:29 [Message] fib_1618 -> Chat: then a foundation
2014-07-01 16:47:34 [Message] fib_1618 -> Chat: and the stronger the foundation
2014-07-01 16:47:38 [Message] fib_1618 -> Chat: the higher you're able to build
2014-07-01 16:47:46 [Message] fib_1618 -> Chat: you build the first story
2014-07-01 16:47:58 [Message] fib_1618 -> Chat: and then you lay your concrete to support the next level
2014-07-01 16:48:05 [Message] fib_1618 -> Chat: if there are any problems in doing this
2014-07-01 16:48:10 [Message] fib_1618 -> Chat: then the building collapses
2014-07-01 16:48:27 [Message] fib_1618 -> Chat: but...the original foundation remains until destroyed
2014-07-01 16:48:46 [Message] fib_1618 -> Chat: different analytical concepts like this take time to absorb
2014-07-01 16:49:06 [Message] fib_1618 -> Chat: but as you have seen in the short amount of time you've been on board
2014-07-01 16:49:11 [Message] fib_1618 -> Chat: the market has been right
2014-07-01 16:49:13 [Message] fib_1618 -> Chat: [smile]
2014-07-01 16:49:22 [Message] rite01 -> Chat: great explanation thanks again
2014-07-01 16:49:50 [Message] fib_1618 -> Chat: super follow through strength today in the MID breadth MCO
2014-07-01 16:49:57 [Message] fib_1618 -> Chat: confirming the new all time price highs
2014-07-01 16:50:14 [Message] fib_1618 -> Chat: and based on the current structure of the MID price pattern
2014-07-01 16:50:32 [Message] fib_1618 -> Chat: this is beginning to look like a multiple day race event to the upside
2014-07-01 16:50:43 [Message] thespookyone -> Chat: [smile]
2014-07-01 16:50:48 [Message] fib_1618 -> Chat: for the Elliotticians out there
2014-07-01 16:51:04 [Message] fib_1618 -> Chat: a structure that has it's basis on, what looks like, a small series of 1's and 2's
2014-07-01 16:51:25 [Message] thespookyone -> Chat: been seeing that a bit
2014-07-01 16:51:33 [Message] fib_1618 -> Chat: we also saw higher highs today in the MID breadth MCSUM
2014-07-01 16:51:55 [Message] fib_1618 -> Chat: also helping in confirming today's new highs on an intermediate term basis
2014-07-01 16:52:26 [Message] fib_1618 -> Chat: we'll see how things sort out as we approach our ongoing target of the +1000 level
2014-07-01 16:52:38 [Message] fib_1618 -> Chat: but if the NYSE Composite is any indication
2014-07-01 16:52:51 [Message] fib_1618 -> Chat: it may only slow the trend down a bit
2014-07-01 16:52:54 [Message] fib_1618 -> Chat: but it won't break it
2014-07-01 16:53:26 [Message] fib_1618 -> Chat: new all time price highs in the SML
2014-07-01 16:53:42 [Message] fib_1618 -> Chat: so that takes care of the last remaining excuse for the bears
2014-07-01 16:53:51 [Message] fib_1618 -> Chat: looking at the SML breadth MCO
2014-07-01 16:54:07 [Message] fib_1618 -> Chat: and we have good confirmation now that this high can remain above previous levels
2014-07-01 16:54:13 [Message] fib_1618 -> Chat: but the more money that comes in here
2014-07-01 16:54:23 [Message] fib_1618 -> Chat: the better for the longevity of the overall move
2014-07-01 16:54:40 [Message] thespookyone -> Chat: strong posting there
2014-07-01 16:54:51 [Message] fib_1618 -> Chat: also note the wide expansion to the upside in the SML breadth MCSUM on the close up 21 day chart
2014-07-01 16:54:57 [Message] fib_1618 -> Chat: as it has now cleared the +400 level
2014-07-01 16:55:14 [Message] fib_1618 -> Chat: and this should be enough momentum now to challenge the +600 level
2014-07-01 16:55:21 [Message] fib_1618 -> Chat: yes sir
2014-07-01 16:55:50 [Message] fib_1618 -> Chat: notice also the pattern nuance of the SML breadth MCO over the last two months
2014-07-01 16:56:12 [Message] fib_1618 -> Chat: where we have seen overwhelming buying in this basket of issues
2014-07-01 16:56:16 [Message] fib_1618 -> Chat: and from where
2014-07-01 16:56:35 [Message] fib_1618 -> Chat: the sellers have never been able to regain control of the pattern
2014-07-01 16:56:37 [Message] fib_1618 -> Chat: and now...
2014-07-01 16:56:53 [Message] fib_1618 -> Chat: we have are moving higher on the back of "texture" in the pattern
2014-07-01 16:57:06 [Message] fib_1618 -> Chat: this has bullish implications for this index overall
2014-07-01 16:57:13 [Message] fib_1618 -> Chat: and now that it's moved to new all time price highs
2014-07-01 16:57:34 [Message] rite01 -> Chat: SML MCO has had a couple lower lows just before big move ups
2014-07-01 16:57:48 [Message] fib_1618 -> Chat: anyone still out there with a short position has got to "sh** or get off the pot"
2014-07-01 16:58:09 [Message] fib_1618 -> Chat: yes...it broke to one lower low
2014-07-01 16:58:18 [Message] fib_1618 -> Chat: but remember the sequence that needed to take place for a change in direction
2014-07-01 16:58:30 [Message] fib_1618 -> Chat: when we break support or resistance on the MCO
2014-07-01 16:58:41 [Message] fib_1618 -> Chat: it's only a warning that there "might be" a change in the wind
2014-07-01 16:59:34 [Message] fib_1618 -> Chat: only when you get a subsequent lower low or higher high is when you can say that money might be moving with enough momentum to where a new blueprint will need to be addressed
2014-07-01 16:59:41 [Message] fib_1618 -> Chat: so here, for example
2014-07-01 16:59:44 [Message] fib_1618 -> Chat: you have a lower MCO low
2014-07-01 16:59:57 [Message] fib_1618 -> Chat: the SML breadth MCO immediately moved back above the zero line
2014-07-01 17:00:12 [Message] fib_1618 -> Chat: which would be initial profit taking of any shorts that were previously executed
2014-07-01 17:00:14 [Message] fib_1618 -> Chat: and then
2014-07-01 17:00:18 [Message] fib_1618 -> Chat: it snapped back toward the MCO zero line
2014-07-01 17:00:25 [Message] fib_1618 -> Chat: but did NOT go to a lower low
2014-07-01 17:00:32 [Message] rite01 -> Chat: right
2014-07-01 17:00:38 [Message] fib_1618 -> Chat: it then moved back above the zero line
2014-07-01 17:00:45 [Message] fib_1618 -> Chat: found support right at the zero line
2014-07-01 17:00:57 [Message] fib_1618 -> Chat: which was were we pointed to last week as being important
2014-07-01 17:01:07 [Message] fib_1618 -> Chat: for if the buyers didn't belly up
2014-07-01 17:01:14 [Message] fib_1618 -> Chat: then a technical breakdown could occur
2014-07-01 17:01:21 [Message] fib_1618 -> Chat: and with our being right at the zero line on Thursday
2014-07-01 17:01:36 [Message] fib_1618 -> Chat: where there was balance between buyers and sellers on a short term trending basis
2014-07-01 17:01:44 [Message] fib_1618 -> Chat: one side was then going to "take control"
2014-07-01 17:01:54 [Message] fib_1618 -> Chat: and with this same "texture" just mentioned
2014-07-01 17:02:01 [Message] fib_1618 -> Chat: the odds were better for higher highs
2014-07-01 17:02:43 [Message] fib_1618 -> Chat: and all that was needed was to move back above the point in which the initial short covering took place to tell us that the buyers (in this case) took control
2014-07-01 17:03:06 [Message] fib_1618 -> Chat: as it would take FRESH MONEY to move above the point of just covering a short position
2014-07-01 17:03:14 [Message] fib_1618 -> Chat: make sense?
2014-07-01 17:03:23 [Message] rite01 -> Chat: Sure does
2014-07-01 17:03:54 [Message] fib_1618 -> Chat: everything in this business is based on having a  "reasonable expectation"
2014-07-01 17:04:09 [Message] fib_1618 -> Chat: and not anything to do with phantom conspiracies
2014-07-01 17:04:25 [Message] fib_1618 -> Chat: there is always order in the market
2014-07-01 17:04:33 [Message] fib_1618 -> Chat: even when it seems chaotic
2014-07-01 17:04:41 [Message] fib_1618 -> Chat: and all of this is based on one simple idea
2014-07-01 17:04:45 [Message] fib_1618 -> Chat: supply and demand
2014-07-01 17:04:47 [Message] fib_1618 -> Chat: that's it
2014-07-01 17:04:55 [Message] thespookyone -> Chat: Geez, it isn't THEM, or the PPT, wow
2014-07-01 17:05:02 [Message] thespookyone -> Chat: LOL
2014-07-01 17:05:05 [Message] rite01 -> Chat: Eco 101
2014-07-01 17:05:15 [Message] fib_1618 -> Chat: and technical indicators then allow is to measure the velocity and direction of this same supply and demand factor
2014-07-01 17:05:25 [Message] fib_1618 -> Chat: or the HFT
2014-07-01 17:05:40 [Message] fib_1618 -> Chat: anytime you see someone write about the HFT
2014-07-01 17:05:43 [Message] fib_1618 -> Chat: just move on
2014-07-01 17:05:48 [Message] fib_1618 -> Chat: for me
2014-07-01 17:05:49 [Message] thespookyone -> Chat: forgot that one-good call
2014-07-01 17:06:06 [Message] fib_1618 -> Chat: it's like someone showing me a price chart with a black background
2014-07-01 17:06:12 [Message] fib_1618 -> Chat: it doesn't "read" right
2014-07-01 17:06:46 [Message] fib_1618 -> Chat: I have never seen so much bad technical analysis as I've been seeing over the last 6 months
2014-07-01 17:06:49 [Message] fib_1618 -> Chat: it's terrible
2014-07-01 17:07:09 [Message] fib_1618 -> Chat: and this tells me one thing
2014-07-01 17:07:19 [Message] fib_1618 -> Chat: that these same people were never really technicians to begin with
2014-07-01 17:07:23 [Message] thespookyone -> Chat: me either-and you abandoned me there LOL
2014-07-01 17:07:37 [Message] fib_1618 -> Chat: they just "saw something and then assumed that it would work in theory"
2014-07-01 17:07:41 [Message] fib_1618 -> Chat: lol
2014-07-01 17:07:50 [Message] fib_1618 -> Chat: no comment
2014-07-01 17:08:00 [Message] fib_1618 -> Chat: we all have choices
2014-07-01 17:08:01 [Message] fib_1618 -> Chat: [smile]
2014-07-01 17:08:35 [Message] thespookyone -> Chat: And they say they haven't seen this since way back-but don't get the implications of what the move means
2014-07-01 17:08:35 [Message] fib_1618 -> Chat: I was so close in making a post before I left that if anyone got tired of all the crap TA you've been reading on the board, let me know
2014-07-01 17:08:52 [Message] fib_1618 -> Chat: again
2014-07-01 17:08:56 [Message] fib_1618 -> Chat: everyone tries their best
2014-07-01 17:09:13 [Message] fib_1618 -> Chat: I give credit to even those who are off a bit
2014-07-01 17:09:22 [Message] fib_1618 -> Chat: because they are at least trying
2014-07-01 17:09:37 [Message] rite01 -> Chat: I think that's a good idea gets them to thinking -- Is something better out there?
2014-07-01 17:09:40 [Message] fib_1618 -> Chat: but some of the stuff lately has been mind blowing
2014-07-01 17:09:46 [Message] fib_1618 -> Chat: nope
2014-07-01 17:09:59 [Message] fib_1618 -> Chat: let me tell you one thing and we'll then move on
2014-07-01 17:10:08 [Message] fib_1618 -> Chat: Mark's board has always been the best on the net
2014-07-01 17:10:46 [Message] fib_1618 -> Chat: but a lack of responsibility over the last couple of years has allowed the board to decay to almost that of a yahoo board
2014-07-01 17:11:05 [Message] fib_1618 -> Chat: half of the stuff there is now fundamentals
2014-07-01 17:11:18 [Message] fib_1618 -> Chat: because they have given up on the technicals
2014-07-01 17:11:33 [Message] fib_1618 -> Chat: we used to have some of the brighter minds there at one time
2014-07-01 17:11:38 [Message] fib_1618 -> Chat: Larry Katz
2014-07-01 17:11:43 [Message] fib_1618 -> Chat: Carl Swenlin
2014-07-01 17:11:52 [Message] fib_1618 -> Chat: ummmm
2014-07-01 17:11:59 [Message] fib_1618 -> Chat: I can't think of all of them
2014-07-01 17:12:02 [Message] rite01 -> Chat: Gary Smith
2014-07-01 17:12:03 [Message] fib_1618 -> Chat: in fact
2014-07-01 17:12:10 [Message] fib_1618 -> Chat: yep...Gary too
2014-07-01 17:12:18 [Message] fib_1618 -> Chat: and all had different angles
2014-07-01 17:12:24 [Message] fib_1618 -> Chat: but it was a discussion for the betterment of all concerned
2014-07-01 17:12:30 [Message] fib_1618 -> Chat: with very little in the way of ego
2014-07-01 17:12:43 [Message] fib_1618 -> Chat: but things have changed
2014-07-01 17:12:57 [Message] fib_1618 -> Chat: anyway
2014-07-01 17:13:03 [Message] fib_1618 -> Chat: it is what it is
2014-07-01 17:13:14 [Message] fib_1618 -> Chat: when the members stop signing in
2014-07-01 17:13:26 [Message] fib_1618 -> Chat: and revenue starts to dwindle
2014-07-01 17:13:31 [Message] fib_1618 -> Chat: maybe there will be changes
2014-07-01 17:13:58 [Message] fib_1618 -> Chat: it's a shame that people also allow others to get away with stuff without question
2014-07-01 17:14:30 [Message] fib_1618 -> Chat: very rarely do people ask me questions there when I make the occasion brash statement
2014-07-01 17:14:50 [Message] fib_1618 -> Chat: so I have to assume that they are only there to be told what to do instead of LEARNING what to do
2014-07-01 17:15:06 [Message] fib_1618 -> Chat: teach a man to fish..
2014-07-01 17:15:14 [Message] rite01 -> Chat: Fib I was too intimidated to ask you anything at TT
2014-07-01 17:15:40 [Message] fib_1618 -> Chat: well...it wasn't because I was being nasty
2014-07-01 17:15:51 [Message] thespookyone -> Chat: Fib always gives detailed answers to questions-don't be afraid
2014-07-01 17:15:53 [Message] fib_1618 -> Chat: and you know that, when asked, I have always answered a question
2014-07-01 17:16:10 [Message] fib_1618 -> Chat: because...I try to provide substance
2014-07-01 17:16:24 [Message] rite01 -> Chat: No. No. It was I thought my ignorance would show through
2014-07-01 17:16:26 [Message] fib_1618 -> Chat: but many don't want substance
2014-07-01 17:16:29 [Message] fib_1618 -> Chat: they want winners
2014-07-01 17:16:36 [Message] fib_1618 -> Chat: well...
2014-07-01 17:16:40 [Message] fib_1618 -> Chat: we also have to remember that we've all been there at one time or the other
2014-07-01 17:16:49 [Message] fib_1618 -> Chat: a message board though is a tough medium anyway
2014-07-01 17:17:05 [Message] fib_1618 -> Chat: as you never really know HOW a person is "feeling" when he makes a post (unless they make it with one of those funny little emoticons)
2014-07-01 17:17:26 [Message] fib_1618 -> Chat: and the worse part is
2014-07-01 17:17:47 [Message] fib_1618 -> Chat: you never know how the person who READS your comments is "feeling"
2014-07-01 17:17:53 [Message] rite01 -> Chat: I'm here cause ..You were one of the very, very few that had it right on time after time.
2014-07-01 17:18:07 [Message] fib_1618 -> Chat: and a simple case of being witty or dry humor can turn into a shouting match
2014-07-01 17:18:27 [Message] fib_1618 -> Chat: well...I have right more times than not
2014-07-01 17:18:33 [Message] fib_1618 -> Chat: and the reason for that is
2014-07-01 17:18:46 [Message] fib_1618 -> Chat: I am just a mere conduit for the market's voice
2014-07-01 17:18:59 [Message] fib_1618 -> Chat: anything I post is NOT my opinion...it's the markets
2014-07-01 17:19:08 [Message] thespookyone -> Chat: we don't front run
2014-07-01 17:19:16 [Message] fib_1618 -> Chat: I learned long ago that my opinion means absolutely nothing
2014-07-01 17:19:40 [Message] fib_1618 -> Chat: unfortunately...
2014-07-01 17:19:48 [Message] fib_1618 -> Chat: people don't understand this...
2014-07-01 17:19:57 [Message] fib_1618 -> Chat: but that's just the way we are
2014-07-01 17:20:09 [Message] fib_1618 -> Chat: moving on
2014-07-01 17:20:22 [Message] fib_1618 -> Chat: higher highs as well in the TM breadth MCO
2014-07-01 17:20:52 [Message] fib_1618 -> Chat: as we are now less than 90 data points from reaching our next goal of the +750 level on the TM breadth MCSUM
2014-07-01 17:20:53 [Message] fib_1618 -> Chat: so....
2014-07-01 17:21:04 [Message] fib_1618 -> Chat: today was a good character day for the bulls
2014-07-01 17:21:20 [Message] fib_1618 -> Chat: with money moving in to the broader market
2014-07-01 17:23:04 [Message] fib_1618 -> Chat: and keeping many from noticing by having the large caps trailing in strength
2014-07-01 17:23:16 [Message] fib_1618 -> Chat: this will hopefully take care of itself on Wednesday
2014-07-01 17:23:21 [Message] fib_1618 -> Chat: but if not
2014-07-01 17:23:44 [Message] fib_1618 -> Chat: the worse that will happen is for us to back and fill
2014-07-01 17:24:15 [Message] fib_1618 -> Chat: let's move to the volume McClellan's
2014-07-01 17:24:42 [Message] fib_1618 -> Chat: now...
2014-07-01 17:25:04 [Message] fib_1618 -> Chat: the NYSE CO volume MCO is certainly not confirming today's climb to higher highs in the breadth MCO
2014-07-01 17:25:22 [Message] fib_1618 -> Chat: but it was enough to push the NYSE CO volume MCSUM to a higher high
2014-07-01 17:25:37 [Message] fib_1618 -> Chat: so we'll see if we get follow through on that tomorrow
2014-07-01 17:26:50 [Message] fib_1618 -> Chat: we don't have the same follow through though with the NYSE Composite volume MCSUM
2014-07-01 17:26:58 [Message] fib_1618 -> Chat: so we still have some work to do there
2014-07-01 17:27:01 [Message] fib_1618 -> Chat: and remember
2014-07-01 17:27:11 [Message] fib_1618 -> Chat: this information is NOT based on how much volume there is
2014-07-01 17:27:25 [Message] fib_1618 -> Chat: it's based on the ratio we have from up volume to down volume
2014-07-01 17:27:33 [Message] fib_1618 -> Chat: it's plurality
2014-07-01 17:27:41 [Message] fib_1618 -> Chat: the quality of volume...not the quantity
2014-07-01 17:27:54 [Message] fib_1618 -> Chat: so even if we have a light volume week because of the upcoming holiday
2014-07-01 17:28:10 [Message] fib_1618 -> Chat: we can still get the follow through needed by the buyers to help things along
2014-07-01 17:28:41 [Message] fib_1618 -> Chat: good follow through volume with the NASDAQ and NDX volume MCSUM
2014-07-01 17:29:14 [Message] fib_1618 -> Chat: we even got a higher high in the NDX volume MCO to match that of the NDX breadth MCO
2014-07-01 17:29:20 [Message] fib_1618 -> Chat: so things are doing well there
2014-07-01 17:29:51 [Message] fib_1618 -> Chat: we're also seeing both the SPX and OEX volume MCO's leading breadth to the upside now
2014-07-01 17:29:54 [Message] fib_1618 -> Chat: so that's a positive
2014-07-01 17:31:05 [Message] fib_1618 -> Chat: we also have the Dow volume MCO leading breadth to the upside too
2014-07-01 17:31:24 [Message] fib_1618 -> Chat: so this instructs us that even though breadth has been lagging with the large caps
2014-07-01 17:31:37 [Message] fib_1618 -> Chat: we are getting more buying than selling, on the whole, in this group
2014-07-01 17:31:44 [Message] fib_1618 -> Chat: and that should lead to higher prices near term
2014-07-01 17:32:23 [Message] fib_1618 -> Chat: we always want to see the trend of volume leading, or at the very least keeping in sync with, breadth in order for a trend to survive
2014-07-01 17:32:57 [Message] fib_1618 -> Chat: no doubt about the MID and SML volume MCO and MCSUM's as to their short term intentions
2014-07-01 17:33:01 [Message] fib_1618 -> Chat: good buying there overall
2014-07-01 17:33:38 [Message] fib_1618 -> Chat: and the TM volume MCSUM is about to break into new 52 week high territory now
2014-07-01 17:34:27 [Message] fib_1618 -> Chat: with any move above the +1250 level needed to move above the highest points of the last 3 years
2014-07-01 17:34:50 [Message] fib_1618 -> Chat: but first things first...let's see good follow through above the +1000 level near term
2014-07-01 17:35:59 [Message] fib_1618 -> Chat: moving to the OBV indicators
2014-07-01 17:37:15 [Message] fib_1618 -> Chat: CVI's are all on the north side of neutral
2014-07-01 17:37:27 [Message] fib_1618 -> Chat: but not "overbought" nor climactic
2014-07-01 17:37:41 [Message] fib_1618 -> Chat: STVO's have bounced off their zero lines
2014-07-01 17:37:49 [Message] fib_1618 -> Chat: where one side is attempting to take control
2014-07-01 17:38:13 [Message] fib_1618 -> Chat: and the VTO's are close to indicating that a strong trend is in force
2014-07-01 17:38:26 [Message] fib_1618 -> Chat: hopefully we'll get the confirmation on Wednesday
2014-07-01 17:38:45 [Message] fib_1618 -> Chat: NYSE TRIN at 1.01
2014-07-01 17:39:11 [Message] fib_1618 -> Chat: Open 10 now highly "oversold" at 1.13
2014-07-01 17:39:31 [Message] fib_1618 -> Chat: guess that over 2.00 reading kicked in today
2014-07-01 17:39:50 [Message] rite01 -> Chat: Hope so
2014-07-01 17:39:51 [Message] fib_1618 -> Chat: NASDAQ TRIN at .73
2014-07-01 17:40:07 [Message] fib_1618 -> Chat: Open 10 now at .86
2014-07-01 17:40:30 [Message] fib_1618 -> Chat: so we seem to be trending according to this latest round of numbers
2014-07-01 17:40:48 [Message] fib_1618 -> Chat: TM TRIN at .71
2014-07-01 17:41:01 [Message] fib_1618 -> Chat: Open 10 at .97
2014-07-01 17:41:11 [Message] fib_1618 -> Chat: so in no man's land there
2014-07-01 17:41:15 [Message] fib_1618 -> Chat: so....
2014-07-01 17:41:26 [Message] fib_1618 -> Chat: the ball remains with the bulls for now
2014-07-01 17:42:03 [Message] fib_1618 -> Chat: with any near term follow through, especially in the large caps, would pretty much confirm that we will have the entire month of July in a rising trend
2014-07-01 17:42:19 [Message] fib_1618 -> Chat: the sellers have little, if any power right now
2014-07-01 17:42:40 [Message] fib_1618 -> Chat: so any kind of early morning pull back will provide buy points until proven otherwise
2014-07-01 17:42:43 [Message] fib_1618 -> Chat: anything else?
2014-07-01 17:43:16 [Message] rite01 -> Chat: Nothing here - can't wait to start buying in intraday dips
2014-07-01 17:43:44 [Message] fib_1618 -> Chat: just remain disciplined here
2014-07-01 17:43:48 [Message] fib_1618 -> Chat: have a plan going in
2014-07-01 17:43:57 [Message] rite01 -> Chat: Right!
2014-07-01 17:44:05 [Message] fib_1618 -> Chat: but the path of least resistance does remain higher
2014-07-01 17:44:25 [Message] fib_1618 -> Chat: so any surprises that we might see will tend to be along this path
2014-07-01 17:44:26 [Message] rite01 -> Chat: I understand....
2014-07-01 17:44:30 [Message] fib_1618 -> Chat: like today, for example
2014-07-01 17:44:58 [Message] fib_1618 -> Chat: remember that we have our second chat this week on Wednesday - tomorrow
2014-07-01 17:45:18 [Message] fib_1618 -> Chat: and Thursday is a half day in New York
2014-07-01 17:45:47 [Message] rite01 -> Chat: Right ... till tomorrow night
2014-07-01 17:45:58 [Message] fib_1618 -> Chat: OK...if there's nothing else
2014-07-01 17:46:07 [Message] thespookyone -> Chat: thx, good stuff
2014-07-01 17:46:14 [Message] fib_1618 -> Chat: everyone have a great evening
2014-07-01 17:46:19 [Message] fib_1618 -> Chat: and we'll do this all again tomorrow at the usual time
2014-07-01 17:46:23 [Message] fib_1618 -> Chat: good night

__________________
Dave's LinkedIn Profile

Technical Watch Twitter Page

Technical Watch Facebook Page

"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

0
Previous Topic | Next Topic
Print
Reply

Quick Navigation:

Easily create a Forum Website with Website Toolbox.






Copyright 2000-2019 Technical Watch