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fib_1618

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Reply with quote  #1 
2014-07-15 16:00:49 [Message] fib_1618 -> Chat: good day
2014-07-15 16:00:52 [Message] fib_1618 -> Chat: how is everyone?
2014-07-15 16:01:04 [Message] rite01 -> Chat: Great! and
2014-07-15 16:01:44 [Message] rite01 -> Chat: I found at SCharts how to chart percentage draw downs
2014-07-15 16:02:23 [Message] thespookyone -> Chat: good, thx
2014-07-15 16:02:28 [Message] fib_1618 -> Chat: I had thought so...glad you found it
2014-07-15 16:02:44 [Message] rite01 -> Chat: Question
2014-07-15 16:03:19 [Message] rite01 -> Chat: Any suggestions on how you would use them. I've got my own but always interested in what others have to say or have experienced
2014-07-15 16:04:05 [Message] fib_1618 -> Chat: what is it you want to accomplish?
2014-07-15 16:04:58 [Message] rite01 -> Chat: Keeping up with the best acting index or stock in the group at the time but with out jumping in an out all the time as well
2014-07-15 16:05:17 [Message] fib_1618 -> Chat: well...
2014-07-15 16:05:55 [Message] fib_1618 -> Chat: did I give you the link to ETF Investment Outlook?
2014-07-15 16:06:10 [Message] rite01 -> Chat: I don't think so
2014-07-15 16:06:16 [Message] fib_1618 -> Chat: I would do a search to find them
2014-07-15 16:06:38 [Message] fib_1618 -> Chat: they have a daily update of all of the sectors via the McClellan's
2014-07-15 16:06:42 [Message] fib_1618 -> Chat: both in breadth and volume
2014-07-15 16:06:44 [Message] fib_1618 -> Chat: from that
2014-07-15 16:06:54 [Message] fib_1618 -> Chat: you can ascertain which sector is leading and lagging
2014-07-15 16:07:06 [Message] fib_1618 -> Chat: and with a little more research of the components of that sector
2014-07-15 16:07:21 [Message] fib_1618 -> Chat: you would then be able to pick and choose based on the chart pattern structure
2014-07-15 16:07:33 [Message] fib_1618 -> Chat: and your personal arsenal of tools
2014-07-15 16:08:11 [Message] fib_1618 -> Chat: hmmm...
2014-07-15 16:08:15 [Message] fib_1618 -> Chat: I just clicked on their page
2014-07-15 16:08:19 [Message] fib_1618 -> Chat: and they seem to be down
2014-07-15 16:08:29 [Message] fib_1618 -> Chat: or at least I HOPE they're down and not out
2014-07-15 16:08:40 [Message] rite01 -> Chat: Thanks.   I would think with your chats and then looking which sector is doing best would help
2014-07-15 16:08:42 [Message] fib_1618 -> Chat: the website is run by Arthur Hill of Stock Charts
2014-07-15 16:08:54 [Message] fib_1618 -> Chat: absolutely
2014-07-15 16:09:03 [Message] fib_1618 -> Chat: that's why we usual go over the sectors on Thursdays
2014-07-15 16:09:12 [Message] fib_1618 -> Chat: it used to be
2014-07-15 16:09:15 [Message] fib_1618 -> Chat: when we had DP
2014-07-15 16:09:22 [Message] fib_1618 -> Chat: that Carl would have this info
2014-07-15 16:09:30 [Message] fib_1618 -> Chat: but that didn't come with him to SC
2014-07-15 16:09:45 [Message] fib_1618 -> Chat: I guess they thought that using the scan tool would be enough for the majority
2014-07-15 16:09:50 [Message] rite01 -> Chat: I can see why you guys would miss that
2014-07-15 16:10:11 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2014-07-15 16:10:14 [Message] thespookyone -> Chat: wonder if you could look at the AMZN daily chart real quick, I'm having trouble figuring out the structure off the bottom, earnings next week-it's driving me crazy, LOL
2014-07-15 16:11:17 [Message] fib_1618 -> Chat: sure...
2014-07-15 16:11:51 [Message] fib_1618 -> Chat: what's your thinking?
2014-07-15 16:12:33 [Message] thespookyone -> Chat: I like the weekly a lot, but am having thoughts the move up is either corrective, or 1,2 1,2
2014-07-15 16:12:49 [Message] fib_1618 -> Chat: OK...without any technical tools
2014-07-15 16:13:02 [Message] fib_1618 -> Chat: let's apply the standard 20, 50 and 200 EMA
2014-07-15 16:13:06 [Message] fib_1618 -> Chat: and then add the daily volume
2014-07-15 16:13:14 [Message] fib_1618 -> Chat: as you can see on the chart now
2014-07-15 16:13:23 [Message] fib_1618 -> Chat: we've seen a rally the last couple of days
2014-07-15 16:13:30 [Message] fib_1618 -> Chat: from a compression point in the EMA's
2014-07-15 16:13:46 [Message] fib_1618 -> Chat: where the 200 day EMA provided resistance
2014-07-15 16:13:55 [Message] fib_1618 -> Chat: the the 20 and 50 day EMA's provided support
2014-07-15 16:14:01 [Message] fib_1618 -> Chat: in order for prices to trend
2014-07-15 16:14:07 [Message] fib_1618 -> Chat: from such a compression point
2014-07-15 16:14:19 [Message] fib_1618 -> Chat: you would need daily volume confirmation of any move up and out of this zone
2014-07-15 16:14:30 [Message] fib_1618 -> Chat: very much like you have with a symmetrical triangle
2014-07-15 16:14:33 [Message] fib_1618 -> Chat: with this information
2014-07-15 16:14:56 [Message] fib_1618 -> Chat: do you now have a better opinion without the distraction of upcoming earnings?
2014-07-15 16:15:37 [Message] thespookyone -> Chat: well, it had about an 8 million pop off that triangle, but not sure it's enough?
2014-07-15 16:15:50 [Message] fib_1618 -> Chat: OK...let's look at this way
2014-07-15 16:15:55 [Message] fib_1618 -> Chat: strictly as a chartist
2014-07-15 16:16:06 [Message] fib_1618 -> Chat: what we would want to see on any break from a consolidation
2014-07-15 16:16:21 [Message] fib_1618 -> Chat: is higher than average volume showing that traders are convinced on this same direction
2014-07-15 16:16:24 [Message] fib_1618 -> Chat: if, let's say
2014-07-15 16:16:31 [Message] fib_1618 -> Chat: you have strong volume on the breakout
2014-07-15 16:16:52 [Message] fib_1618 -> Chat: you then want to see immediate follow through so that you don't get trapped by a one day short covering event that may be news driven
2014-07-15 16:16:58 [Message] fib_1618 -> Chat: so if we look at the chart
2014-07-15 16:17:15 [Message] fib_1618 -> Chat: we see that we gaped higher on Friday
2014-07-15 16:17:18 [Message] fib_1618 -> Chat: with expanding volume
2014-07-15 16:17:30 [Message] fib_1618 -> Chat: and the price action closed well above the consolidation zone
2014-07-15 16:17:32 [Message] fib_1618 -> Chat: not only that
2014-07-15 16:17:40 [Message] fib_1618 -> Chat: but if we take our line of vision to the left
2014-07-15 16:18:09 [Message] fib_1618 -> Chat: we see that the last time we had this high of a volume day was when the pattern found support on its 20 day EMA
2014-07-15 16:18:21 [Message] thespookyone -> Chat: true
2014-07-15 16:18:31 [Message] fib_1618 -> Chat: but this was only enough to move the pattern into EMA resistance
2014-07-15 16:18:32 [Message] fib_1618 -> Chat: but now
2014-07-15 16:18:44 [Message] fib_1618 -> Chat: the volume is even larger
2014-07-15 16:18:51 [Message] fib_1618 -> Chat: and we don't have EMA resistance
2014-07-15 16:18:58 [Message] fib_1618 -> Chat: plus we didn't retrace
2014-07-15 16:19:00 [Message] fib_1618 -> Chat: AND
2014-07-15 16:19:20 [Message] fib_1618 -> Chat: all this took place when, all of a sudden, everyone was complaining about the 550 PE ratio of the stock
2014-07-15 16:19:25 [Message] thespookyone -> Chat: and the bottom area to the left had 15 million
2014-07-15 16:19:45 [Message] fib_1618 -> Chat: and that was your exhaustion point
2014-07-15 16:19:48 [Message] fib_1618 -> Chat: remember
2014-07-15 16:19:55 [Message] fib_1618 -> Chat: people are quick to panic
2014-07-15 16:19:59 [Message] fib_1618 -> Chat: but slow to embrace
2014-07-15 16:20:15 [Message] thespookyone -> Chat: just wish the move up was easier to scale, I guess-thx much for your help!
2014-07-15 16:20:19 [Message] fib_1618 -> Chat: now the other thing that's a positive here
2014-07-15 16:20:31 [Message] fib_1618 -> Chat: is that with the recent break to the upside
2014-07-15 16:20:40 [Message] fib_1618 -> Chat: the 20 EMA is now back above the 200 day EMA
2014-07-15 16:20:56 [Message] fib_1618 -> Chat: this is constructive evidence that the buyers are in control of the action
2014-07-15 16:21:06 [Message] thespookyone -> Chat: man, I wish they both were, but they could get there real quick
2014-07-15 16:21:08 [Message] fib_1618 -> Chat: it's not a matter of scaling
2014-07-15 16:21:17 [Message] fib_1618 -> Chat: it's a matter of conviction
2014-07-15 16:21:19 [Message] fib_1618 -> Chat: supply and demand
2014-07-15 16:21:24 [Message] fib_1618 -> Chat: think of it this way
2014-07-15 16:21:41 [Message] fib_1618 -> Chat: each EMA is like a wall of resistance or support
2014-07-15 16:21:44 [Message] fib_1618 -> Chat: because of this
2014-07-15 16:21:57 [Message] fib_1618 -> Chat: it takes that much more to break through these trend barriers
2014-07-15 16:22:08 [Message] thespookyone -> Chat: yes
2014-07-15 16:22:13 [Message] fib_1618 -> Chat: which means it takes a greater amount of energy to do so
2014-07-15 16:22:16 [Message] fib_1618 -> Chat: sort of like a car
2014-07-15 16:22:21 [Message] fib_1618 -> Chat: running a locked gate
2014-07-15 16:22:37 [Message] fib_1618 -> Chat: if you go only 10 MPH you may not go thorough the gate
2014-07-15 16:22:46 [Message] fib_1618 -> Chat: but at 50...that's a different outcome
2014-07-15 16:22:54 [Message] fib_1618 -> Chat: I would be long the stock
2014-07-15 16:23:10 [Message] fib_1618 -> Chat: with an upside target of 375
2014-07-15 16:23:22 [Message] thespookyone -> Chat: cool, I've been looking for a spot, your take helped a lot
2014-07-15 16:23:43 [Message] fib_1618 -> Chat: one more idea here
2014-07-15 16:23:47 [Message] fib_1618 -> Chat: and that is
2014-07-15 16:23:53 [Message] thespookyone -> Chat: was thinking 375, first target, as well
2014-07-15 16:24:07 [Message] fib_1618 -> Chat: the volume pattern is consistent to an inverted head and shoulders configuration
2014-07-15 16:24:15 [Message] fib_1618 -> Chat: so with the break on Friday
2014-07-15 16:24:20 [Message] fib_1618 -> Chat: that was the gap above the neckline
2014-07-15 16:24:32 [Message] fib_1618 -> Chat: and that gives you an upside target of...
2014-07-15 16:24:43 [Message] thespookyone -> Chat: wow! didn't see it till you mentioned it
2014-07-15 16:24:56 [Message] fib_1618 -> Chat: of 50 points to the upside
2014-07-15 16:25:03 [Message] fib_1618 -> Chat: or about 380
2014-07-15 16:25:18 [Message] thespookyone -> Chat: cool
2014-07-15 16:25:28 [Message] fib_1618 -> Chat: so here you have two different upside targets by two different methodologies and both about 5 points from each other
2014-07-15 16:25:47 [Message] fib_1618 -> Chat: what month do you have?
2014-07-15 16:26:09 [Message] fib_1618 -> Chat: you do have options on this?
2014-07-15 16:26:13 [Message] thespookyone -> Chat: none yet
2014-07-15 16:26:31 [Message] thespookyone -> Chat: went in and out for a profit long once so far
2014-07-15 16:26:32 [Message] fib_1618 -> Chat: well...my sense here
2014-07-15 16:26:41 [Message] fib_1618 -> Chat: is that it will rally into earnings
2014-07-15 16:26:44 [Message] fib_1618 -> Chat: and pop after
2014-07-15 16:26:49 [Message] thespookyone -> Chat: cool
2014-07-15 16:26:53 [Message] fib_1618 -> Chat: and then we'll have to see what happens
2014-07-15 16:27:04 [Message] thespookyone -> Chat: much appreciated
2014-07-15 16:27:09 [Message] fib_1618 -> Chat: but money believes that it will be "better than expected"
2014-07-15 16:27:19 [Message] fib_1618 -> Chat: which seems to be the theme song so far of current earnings
2014-07-15 16:27:36 [Message] fib_1618 -> Chat: not to anyones surprise if you're technically trading the market
2014-07-15 16:27:49 [Message] fib_1618 -> Chat: and knowing that money flows in ADVANCE of the actual news
2014-07-15 16:28:06 [Message] fib_1618 -> Chat: OK...anything else...or should we take a look around??
2014-07-15 16:28:20 [Message] fib_1618 -> Chat: OK...let's get to it
2014-07-15 16:28:39 [Message] fib_1618 -> Chat: and Lew...
2014-07-15 16:28:48 [Message] fib_1618 -> Chat: take a look at AMZN on the weekly
2014-07-15 16:28:49 [Message] fib_1618 -> Chat: :)
2014-07-15 16:28:56 [Message] thespookyone -> Chat: I love the weekly!
2014-07-15 16:29:20 [Message] fib_1618 -> Chat: you can see the inverted head and shoulders volume component there really well
2014-07-15 16:29:40 [Message] fib_1618 -> Chat: in fact
2014-07-15 16:29:50 [Message] fib_1618 -> Chat: we might be looking at a complex H & S
2014-07-15 16:30:00 [Message] fib_1618 -> Chat: where if the stock consolidates at 380
2014-07-15 16:30:09 [Message] fib_1618 -> Chat: it would trace out a larger right shoulder
2014-07-15 16:30:15 [Message] fib_1618 -> Chat: but one thing at a time
2014-07-15 16:30:18 [Message] fib_1618 -> Chat: OK...onward
2014-07-15 16:30:40 [Message] fib_1618 -> Chat: after moving sharply higher on Monday
2014-07-15 16:30:56 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO pulled back a bit today
2014-07-15 16:31:14 [Message] fib_1618 -> Chat: unfortunately for the buyers on Monday
2014-07-15 16:31:46 [Message] fib_1618 -> Chat: we didn't have enough of a push to move this MCO back above the blip resistance zone that was created last week
2014-07-15 16:31:53 [Message] fib_1618 -> Chat: until this small spike is taken out
2014-07-15 16:32:04 [Message] fib_1618 -> Chat: the bears continue to hold control of the short term trend of money flow
2014-07-15 16:32:15 [Message] fib_1618 -> Chat: looking at the components
2014-07-15 16:32:36 [Message] fib_1618 -> Chat: and we see that Monday's rally also allowed the 10% Trend to fulfill its obligation of a snapback to its zero line
2014-07-15 16:32:48 [Message] fib_1618 -> Chat: but so far
2014-07-15 16:32:51 [Message] fib_1618 -> Chat: like the MCO
2014-07-15 16:32:56 [Message] fib_1618 -> Chat: has not moved to a lower low
2014-07-15 16:33:04 [Message] fib_1618 -> Chat: so with this information
2014-07-15 16:33:17 [Message] fib_1618 -> Chat: Wednesday becomes an important day for our current blueprint
2014-07-15 16:33:30 [Message] fib_1618 -> Chat: for if the sellers pick up to a point in which we move to lower lows
2014-07-15 16:34:09 [Message] fib_1618 -> Chat: this would then tell us that this current correctional sequence is probably to extend out another week beyond our anticipated turning point later this week
2014-07-15 16:34:15 [Message] fib_1618 -> Chat: a higher high though
2014-07-15 16:34:28 [Message] fib_1618 -> Chat: would be consistent to this end of week turning point idea
2014-07-15 16:34:35 [Message] fib_1618 -> Chat: so which way do we go?
2014-07-15 16:34:39 [Message] fib_1618 -> Chat: place your bets
2014-07-15 16:34:52 [Message] fib_1618 -> Chat: or wait a bit more and see what the other charts are saying
2014-07-15 16:35:04 [Message] rite01 -> Chat: Lower lows in price right
2014-07-15 16:35:26 [Message] fib_1618 -> Chat: yes
2014-07-15 16:35:31 [Message] fib_1618 -> Chat: breadth leads price
2014-07-15 16:35:40 [Message] fib_1618 -> Chat: so, for example
2014-07-15 16:35:53 [Message] fib_1618 -> Chat: last week our expectation was that we were in a trading range
2014-07-15 16:36:28 [Message] fib_1618 -> Chat: and that it wouldn't be surprising to see a test of the recent price highs as soon as this week before moving lower again to provide a better internal foundation from which to advance
2014-07-15 16:36:30 [Message] fib_1618 -> Chat: so far
2014-07-15 16:36:38 [Message] fib_1618 -> Chat: we are getting what we were looking for
2014-07-15 16:36:50 [Message] fib_1618 -> Chat: primarily because of the high levels we have in many of the MCSUM's
2014-07-15 16:36:52 [Message] fib_1618 -> Chat: plus
2014-07-15 16:37:01 [Message] fib_1618 -> Chat: we also know that even if the MCSUM tops and declines
2014-07-15 16:37:27 [Message] fib_1618 -> Chat: it can take a good amount of time before the momentum of the energy provided prices previously finally exhausts itself
2014-07-15 16:37:37 [Message] fib_1618 -> Chat: which, in this case means
2014-07-15 16:37:49 [Message] fib_1618 -> Chat: when whatever was bothering the market lessens
2014-07-15 16:38:07 [Message] fib_1618 -> Chat: the path of least resistance then pushes prices in this same primary direction
2014-07-15 16:38:21 [Message] fib_1618 -> Chat: in this case
2014-07-15 16:38:30 [Message] fib_1618 -> Chat: we had the scrimmages in the Middle East
2014-07-15 16:38:39 [Message] fib_1618 -> Chat: which really hasn't calmed down
2014-07-15 16:39:00 [Message] fib_1618 -> Chat: but the media turned to other things because there wasn't any bad news to report on :P
2014-07-15 16:39:14 [Message] fib_1618 -> Chat: now...
2014-07-15 16:39:16 [Message] fib_1618 -> Chat: we also knew
2014-07-15 16:39:29 [Message] fib_1618 -> Chat: that the large caps were holding up better than the mid and small caps
2014-07-15 16:39:32 [Message] fib_1618 -> Chat: so again
2014-07-15 16:39:41 [Message] fib_1618 -> Chat: not surprising to see the Dow move to new highs
2014-07-15 16:39:50 [Message] fib_1618 -> Chat: while the SML and MID barely budged
2014-07-15 16:39:58 [Message] fib_1618 -> Chat: and for the Elliottician's out there
2014-07-15 16:40:08 [Message] fib_1618 -> Chat: we had the discussion of a probable "B" wave
2014-07-15 16:40:24 [Message] fib_1618 -> Chat: and "B" waves are notorious for non confirmations
2014-07-15 16:40:44 [Message] fib_1618 -> Chat: any time there is inconsistencies in the market place between averages
2014-07-15 16:40:52 [Message] fib_1618 -> Chat: if it smells bad
2014-07-15 16:40:59 [Message] fib_1618 -> Chat: it's usually a "B" wave
2014-07-15 16:41:04 [Message] fib_1618 -> Chat: and so it goes
2014-07-15 16:41:12 [Message] fib_1618 -> Chat: so knowing all this
2014-07-15 16:41:31 [Message] fib_1618 -> Chat: and with the way we were not able to take out the blip resistance areas on Monday
2014-07-15 16:41:44 [Message] rite01 -> Chat: Thanks for taking the time
2014-07-15 16:41:51 [Message] fib_1618 -> Chat: it's a pretty good bet that we're likely to see some sort of decline in the next day or so
2014-07-15 16:42:01 [Message] thespookyone -> Chat: agreed
2014-07-15 16:42:05 [Message] fib_1618 -> Chat: to reset things in a more proper configuration
2014-07-15 16:42:07 [Message] fib_1618 -> Chat: look...
2014-07-15 16:42:14 [Message] fib_1618 -> Chat: we're all reasonable people here
2014-07-15 16:42:22 [Message] fib_1618 -> Chat: we have to believe in our indicators
2014-07-15 16:42:37 [Message] fib_1618 -> Chat: and the indicators are calling this just as they always do
2014-07-15 16:42:39 [Message] thespookyone -> Chat: the "250's" aren't quite tested yet, either
2014-07-15 16:42:40 [Message] fib_1618 -> Chat: the trick is
2014-07-15 16:42:56 [Message] fib_1618 -> Chat: understanding and learning what's important and what isn't
2014-07-15 16:43:14 [Message] fib_1618 -> Chat: that's true too
2014-07-15 16:43:27 [Message] fib_1618 -> Chat: and that's going to keep prices from moving lower in any important way
2014-07-15 16:43:49 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2014-07-15 16:43:52 [Message] fib_1618 -> Chat: now here
2014-07-15 16:44:07 [Message] fib_1618 -> Chat: we saw that this MCO did move slightly above its blip resistance point
2014-07-15 16:44:18 [Message] fib_1618 -> Chat: but it quickly moved back below it today
2014-07-15 16:44:22 [Message] fib_1618 -> Chat: in this business
2014-07-15 16:44:28 [Message] fib_1618 -> Chat: this is called a "false start"
2014-07-15 16:44:39 [Message] fib_1618 -> Chat: where the runners are now back to the starting line
2014-07-15 16:45:16 [Message] fib_1618 -> Chat: to see if they really have the power to push against the short term bearish trend of money flow
2014-07-15 16:45:29 [Message] fib_1618 -> Chat: sort of like a goal line stance for the bears here
2014-07-15 16:45:38 [Message] fib_1618 -> Chat: and so far...they've held
2014-07-15 16:45:50 [Message] fib_1618 -> Chat: looking at the NYSE MCO components
2014-07-15 16:46:06 [Message] fib_1618 -> Chat: and here we see that the 10% Trend is once again challenging its zero line
2014-07-15 16:46:31 [Message] fib_1618 -> Chat: the zero line being the point from which the 19 day EMA of the NYAD line is either going higher or lower
2014-07-15 16:46:47 [Message] fib_1618 -> Chat: for now...it's moving sideways being that its at the zero line
2014-07-15 16:46:55 [Message] fib_1618 -> Chat: and looking for direction
2014-07-15 16:47:10 [Message] fib_1618 -> Chat: will the buyers belly up and keep the trend of the NYAD line higher
2014-07-15 16:47:37 [Message] fib_1618 -> Chat: or will there be enough selling to push this same gauge of liquidity below this same trend line of support??
2014-07-15 16:47:57 [Message] fib_1618 -> Chat: now...
2014-07-15 16:48:03 [Message] fib_1618 -> Chat: putting ruler to monitor
2014-07-15 16:48:31 [Message] fib_1618 -> Chat: and we see that the NYSE Composite breadth MCSUM settled today on the rising bottoms line that connects the April and May bottoms
2014-07-15 16:48:59 [Message] fib_1618 -> Chat: all this does then is put extra emphasis on Wednesday being an important day
2014-07-15 16:49:06 [Message] fib_1618 -> Chat: will we hold the line?
2014-07-15 16:49:13 [Message] fib_1618 -> Chat: and the bulls belly up?
2014-07-15 16:49:28 [Message] fib_1618 -> Chat: or will there be a definitive push by the sellers to break this trend?
2014-07-15 16:49:31 [Message] fib_1618 -> Chat: :)
2014-07-15 16:49:44 [Message] fib_1618 -> Chat: it MUST all work together to attain a specific goal
2014-07-15 16:49:51 [Message] fib_1618 -> Chat: and if the bears are able to take control
2014-07-15 16:49:58 [Message] fib_1618 -> Chat: we can then expect lower lows in the MCO
2014-07-15 16:50:09 [Message] fib_1618 -> Chat: which would then break this same support in the MCSUM
2014-07-15 16:50:12 [Message] fib_1618 -> Chat: and because of that
2014-07-15 16:50:27 [Message] fib_1618 -> Chat: we will then see a sharp decline in prices
2014-07-15 16:50:40 [Message] fib_1618 -> Chat: not that we'll crash
2014-07-15 16:51:00 [Message] fib_1618 -> Chat: but we might see all of yesterday's progress taken back just as quickly
2014-07-15 16:51:06 [Message] fib_1618 -> Chat: again
2014-07-15 16:51:14 [Message] fib_1618 -> Chat: with the MCSUM at such a lofty level
2014-07-15 16:51:25 [Message] fib_1618 -> Chat: the amplitude of decay in prices is still pretty small
2014-07-15 16:51:36 [Message] fib_1618 -> Chat: for example
2014-07-15 16:51:48 [Message] fib_1618 -> Chat: if we compare the very same kind of configurations as we have currently
2014-07-15 16:51:58 [Message] fib_1618 -> Chat: but the MCSUM reading was closer to the zero line
2014-07-15 16:52:24 [Message] fib_1618 -> Chat: a break like this would certainly give us a "crash like" effect as the market turns from positive to negative
2014-07-15 16:52:41 [Message] fib_1618 -> Chat: with the majority finding it difficult to move through a revolving door all at once
2014-07-15 16:53:11 [Message] fib_1618 -> Chat: this is why the majority of "crashes" occur when the MCSUM is moving down and through the zero line
2014-07-15 16:53:15 [Message] fib_1618 -> Chat: for at that point
2014-07-15 16:53:23 [Message] fib_1618 -> Chat: the bulls realize the error of their ways
2014-07-15 16:53:32 [Message] fib_1618 -> Chat: and everyone is trying to get out at "any price"
2014-07-15 16:53:48 [Message] fib_1618 -> Chat: and then 2 or 3 days later
2014-07-15 16:54:02 [Message] fib_1618 -> Chat: we have the usual snapback to the zero line as the shorts take their profits
2014-07-15 16:54:17 [Message] fib_1618 -> Chat: and then the real trend of price decay can then get moving
2014-07-15 16:54:25 [Message] fib_1618 -> Chat: but that is not this time
2014-07-15 16:54:42 [Message] fib_1618 -> Chat: just attempting to provide proper context of what the market can and can not do
2014-07-15 16:55:04 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO
2014-07-15 16:55:22 [Message] fib_1618 -> Chat: and here we saw only a challenge of blip resistance on Monday
2014-07-15 16:55:29 [Message] fib_1618 -> Chat: but like the NYSE data
2014-07-15 16:55:36 [Message] fib_1618 -> Chat: we did not move to a lower low today
2014-07-15 16:55:45 [Message] fib_1618 -> Chat: now...interestingly enough
2014-07-15 16:55:57 [Message] fib_1618 -> Chat: the 10% component did move to a lower low today
2014-07-15 16:56:06 [Message] fib_1618 -> Chat: and when the 10% gets ahead of the MCO
2014-07-15 16:56:15 [Message] fib_1618 -> Chat: this usually means that we are in a point of exhaustion
2014-07-15 16:56:21 [Message] fib_1618 -> Chat: too much, too fast
2014-07-15 16:56:34 [Message] fib_1618 -> Chat: internal divergence, if you will
2014-07-15 16:56:45 [Message] fib_1618 -> Chat: now...
2014-07-15 16:56:57 [Message] fib_1618 -> Chat: what makes this an interesting juncture
2014-07-15 16:57:23 [Message] fib_1618 -> Chat: is that we also see that Monday's bounce provided our obligatory snapback to the zero line for the 5% Trend
2014-07-15 16:57:35 [Message] fib_1618 -> Chat: and it also moved to a lower low today
2014-07-15 16:57:45 [Message] fib_1618 -> Chat: and when we get the two Trends in agreement
2014-07-15 16:58:14 [Message] fib_1618 -> Chat: there is a better than 50/50 chance that the MCO, itself, is going to follow this leadership between the two time period EMA's
2014-07-15 16:58:22 [Message] fib_1618 -> Chat: so, here again
2014-07-15 16:58:42 [Message] fib_1618 -> Chat: Wednesday is setting up as a near term "do or die" point for the bulls
2014-07-15 16:58:55 [Message] fib_1618 -> Chat: with the potential outcome here
2014-07-15 16:59:22 [Message] fib_1618 -> Chat: a little more dire since the NASDAQ breadth MCSUM has already failed to move back above the +500 level
2014-07-15 16:59:31 [Message] fib_1618 -> Chat: and is now moving toward its zero line
2014-07-15 16:59:51 [Message] fib_1618 -> Chat: and though it's not a classic Summation Failure pattern
2014-07-15 17:00:10 [Message] fib_1618 -> Chat: you can be sure that any move down and through the zero line here will tend to make it known price wise
2014-07-15 17:00:33 [Message] fib_1618 -> Chat: the other thing to consider is
2014-07-15 17:00:38 [Message] fib_1618 -> Chat: if we do move to lower MCO lows
2014-07-15 17:00:52 [Message] fib_1618 -> Chat: than the bounce point from last week will probably be violated
2014-07-15 17:01:04 [Message] fib_1618 -> Chat: and with that a larger trading range will develop
2014-07-15 17:01:18 [Message] thespookyone -> Chat: we should test the zero from here, no? Pretty far from home on the 250
2014-07-15 17:01:30 [Message] fib_1618 -> Chat: I would think so
2014-07-15 17:01:46 [Message] fib_1618 -> Chat: we have the momentum to do it since we didn't move above blip resistance on Monday
2014-07-15 17:01:55 [Message] fib_1618 -> Chat: what the bulls want here though in this context
2014-07-15 17:02:15 [Message] fib_1618 -> Chat: is for a break above blip resistance so that the chances of HOLDING the MCSUM zero line are higher
2014-07-15 17:02:34 [Message] fib_1618 -> Chat: lower MCO lows therefore would suggest that the zero lien won't hold
2014-07-15 17:02:47 [Message] fib_1618 -> Chat: and then we have a whole new kettle of fish to work with
2014-07-15 17:02:58 [Message] fib_1618 -> Chat: (stinky)
2014-07-15 17:03:02 [Message] fib_1618 -> Chat: :)
2014-07-15 17:03:14 [Message] fib_1618 -> Chat: keep in mind
2014-07-15 17:03:22 [Message] fib_1618 -> Chat: I'm providing a broad stroke here
2014-07-15 17:03:34 [Message] fib_1618 -> Chat: as we all should with the current configurations
2014-07-15 17:03:45 [Message] thespookyone -> Chat: those 250 increments are like magnets, both ways, it seems-space magic
2014-07-15 17:03:56 [Message] fib_1618 -> Chat: knowing what can happen on both sides of a flipped coin will tend to keep you grounded
2014-07-15 17:04:01 [Message] fib_1618 -> Chat: yep
2014-07-15 17:04:10 [Message] fib_1618 -> Chat: and it's always amusing to me
2014-07-15 17:04:20 [Message] fib_1618 -> Chat: how many don't see this simplicity
2014-07-15 17:04:54 [Message] rite01 -> Chat: Fib I see 117 on my MCSUM right?
2014-07-15 17:05:00 [Message] fib_1618 -> Chat: the NDX breadth MCO also had its problems moving back above blip resistance
2014-07-15 17:05:22 [Message] fib_1618 -> Chat: for which Index ?
2014-07-15 17:05:33 [Message] rite01 -> Chat: NASDAQ
2014-07-15 17:05:34 [Message] fib_1618 -> Chat: for the NASDAQ
2014-07-15 17:05:38 [Message] fib_1618 -> Chat: it's +118
2014-07-15 17:05:43 [Message] fib_1618 -> Chat: (117.95)
2014-07-15 17:05:56 [Message] fib_1618 -> Chat: at this point
2014-07-15 17:06:03 [Message] fib_1618 -> Chat: if the bears picked up their selling
2014-07-15 17:06:08 [Message] rite01 -> Chat: right!
2014-07-15 17:06:14 [Message] fib_1618 -> Chat: we are about 2 days away from reaching the zero line
2014-07-15 17:06:23 [Message] fib_1618 -> Chat: but what we do know is
2014-07-15 17:06:40 [Message] fib_1618 -> Chat: that Wednesday could tell us whether or not we hold the zero line or not
2014-07-15 17:06:58 [Message] rite01 -> Chat: OK!
2014-07-15 17:07:00 [Message] thespookyone -> Chat: yes, important day...
2014-07-15 17:07:01 [Message] fib_1618 -> Chat: as we already know (knew) that a challenge was probable 2 weeks ago
2014-07-15 17:07:19 [Message] fib_1618 -> Chat: remember...we talked about rally failures
2014-07-15 17:07:32 [Message] fib_1618 -> Chat: and what we want to see in the MCSUM's in order to be "in the clear"
2014-07-15 17:07:58 [Message] fib_1618 -> Chat: to reach "escape velocity" to break free of the bear market default (gravity)
2014-07-15 17:08:11 [Message] fib_1618 -> Chat: moving on
2014-07-15 17:08:48 [Message] fib_1618 -> Chat: and we see that the NDX breadth MCSUM is now a day away from challenging the +1000 level
2014-07-15 17:09:04 [Message] fib_1618 -> Chat: so, again, any break to a lower low in the NDX breadth MCO
2014-07-15 17:09:19 [Message] fib_1618 -> Chat: will allow the MCSUM to break below this natural area of possible support
2014-07-15 17:09:25 [Message] fib_1618 -> Chat: alternately
2014-07-15 17:09:32 [Message] fib_1618 -> Chat: if the bulls are going to make a stand
2014-07-15 17:09:37 [Message] fib_1618 -> Chat: this would be the time to do so
2014-07-15 17:09:45 [Message] fib_1618 -> Chat: keeping in mind
2014-07-15 17:09:54 [Message] fib_1618 -> Chat: that none of this is based on the news of the day
2014-07-15 17:10:12 [Message] fib_1618 -> Chat: it's only based on where we are in the movement of money
2014-07-15 17:10:31 [Message] fib_1618 -> Chat: and to add a final note
2014-07-15 17:10:41 [Message] fib_1618 -> Chat: with the NASDAQ breadth MCSUM near its zero line
2014-07-15 17:10:55 [Message] fib_1618 -> Chat: but the NDX breadth MCSUM still well above this same zero line
2014-07-15 17:11:10 [Message] fib_1618 -> Chat: not only will any decline be shallower in the NDX basket of issues
2014-07-15 17:11:22 [Message] fib_1618 -> Chat: (which should keep the NASDAQ Composite from falling apart)
2014-07-15 17:11:36 [Message] fib_1618 -> Chat: but on any reflex we might see on any break of the MCO support
2014-07-15 17:11:56 [Message] fib_1618 -> Chat: the NDX will recover with more quickly and with more vigor than the NASDAQ
2014-07-15 17:12:03 [Message] fib_1618 -> Chat: when is Apple's earnings?
2014-07-15 17:12:25 [Message] fib_1618 -> Chat: when are the top 10 weights of the NDX due?
2014-07-15 17:12:47 [Message] rite01 -> Chat: Do not know
2014-07-15 17:12:52 [Message] fib_1618 -> Chat: you can be fairly sure that it will be those components that will do the majority of the work in this regard
2014-07-15 17:12:57 [Message] fib_1618 -> Chat: watch and see
2014-07-15 17:13:32 [Message] fib_1618 -> Chat: the SPX breadth MCO has the same structure as the other breadth indices
2014-07-15 17:14:23 [Message] fib_1618 -> Chat: I'm also noticing that we had a mid range close today in the SPX
2014-07-15 17:14:29 [Message] fib_1618 -> Chat: checking
2014-07-15 17:14:53 [Message] fib_1618 -> Chat: as we did in the others
2014-07-15 17:14:59 [Message] fib_1618 -> Chat: so...with Monday being higher
2014-07-15 17:15:06 [Message] fib_1618 -> Chat: we should expect a down close on Wednesday
2014-07-15 17:15:08 [Message] fib_1618 -> Chat: but remember
2014-07-15 17:15:14 [Message] fib_1618 -> Chat: a down close can be 1 point
2014-07-15 17:15:34 [Message] fib_1618 -> Chat: and with the current climate of indecision
2014-07-15 17:15:43 [Message] fib_1618 -> Chat: we could be all over the place at the close
2014-07-15 17:15:49 [Message] fib_1618 -> Chat: with some indices higher
2014-07-15 17:15:54 [Message] fib_1618 -> Chat: while others are lower
2014-07-15 17:16:25 [Message] fib_1618 -> Chat: moving along to the OEX breadth MCO
2014-07-15 17:16:33 [Message] fib_1618 -> Chat: now here we did move above blip resistance on Monday
2014-07-15 17:16:46 [Message] fib_1618 -> Chat: so that will lessen any further price decay near term
2014-07-15 17:17:02 [Message] fib_1618 -> Chat: as it makes it unlikely that we're going to see lower lows near term
2014-07-15 17:17:13 [Message] fib_1618 -> Chat: check the OEX breadth MCSUM
2014-07-15 17:17:15 [Message] fib_1618 -> Chat: +997
2014-07-15 17:17:27 [Message] fib_1618 -> Chat: and trying its best to find support at the +1000 level
2014-07-15 17:17:57 [Message] fib_1618 -> Chat: the amazing Dow breadth MCO moved back above its zero line on Monday
2014-07-15 17:18:06 [Message] fib_1618 -> Chat: and we got a obligatory snapback today
2014-07-15 17:18:14 [Message] fib_1618 -> Chat: so the Dow is hanging in there
2014-07-15 17:18:20 [Message] fib_1618 -> Chat: and confirming the new highs
2014-07-15 17:18:27 [Message] fib_1618 -> Chat: but this is only 30 stocks
2014-07-15 17:18:31 [Message] thespookyone -> Chat: fwiw, AAPL popped about $1.50 North after hours-deal with IBM
2014-07-15 17:18:38 [Message] fib_1618 -> Chat: so we should take it for what it's worth
2014-07-15 17:18:48 [Message] fib_1618 -> Chat: I heard about that!
2014-07-15 17:18:56 [Message] fib_1618 -> Chat: boy..Samsung is in trouble now
2014-07-15 17:19:07 [Message] fib_1618 -> Chat: this is a new Apple
2014-07-15 17:19:24 [Message] fib_1618 -> Chat: can you imagine the brain power here in R & D?
2014-07-15 17:19:43 [Message] fib_1618 -> Chat: between old school and new school?
2014-07-15 17:19:43 [Message] thespookyone -> Chat: yep
2014-07-15 17:20:00 [Message] fib_1618 -> Chat: wonder what Tim has up his sleeve?
2014-07-15 17:20:11 [Message] fib_1618 -> Chat: is Apple at all time highs yet?
2014-07-15 17:20:36 [Message] fib_1618 -> Chat: might be a sell signal with such a high profile "merger"
2014-07-15 17:20:43 [Message] fib_1618 -> Chat: anyway
2014-07-15 17:20:47 [Message] thespookyone -> Chat: almost
2014-07-15 17:21:03 [Message] fib_1618 -> Chat: why do I have the feeling that Apple is about to become a Dow stock?
2014-07-15 17:21:04 [Message] thespookyone -> Chat: almost new highs
2014-07-15 17:21:39 [Message] fib_1618 -> Chat: the MID breadth MCO challenged blip resistance on Monday
2014-07-15 17:21:46 [Message] fib_1618 -> Chat: but still holding above last weeks lows
2014-07-15 17:22:07 [Message] fib_1618 -> Chat: on the other hand
2014-07-15 17:22:19 [Message] fib_1618 -> Chat: the SML breadth MCO is at a point in which it really needs to hold here
2014-07-15 17:22:28 [Message] fib_1618 -> Chat: or the market is likely to be splintered for a while
2014-07-15 17:22:34 [Message] fib_1618 -> Chat: with the large caps moving to higher highs
2014-07-15 17:22:59 [Message] fib_1618 -> Chat: and the small caps beginning what could the first real proof of a longer term topping pattern
2014-07-15 17:23:12 [Message] fib_1618 -> Chat: if we remember back to our discussion of gold last year
2014-07-15 17:23:31 [Message] fib_1618 -> Chat: since gold is the barometer of future liquidity flows for equities
2014-07-15 17:23:40 [Message] fib_1618 -> Chat: and gold has been declining for 2 years now
2014-07-15 17:23:50 [Message] fib_1618 -> Chat: and it leads equities by about 18 months
2014-07-15 17:24:00 [Message] fib_1618 -> Chat: it could be that unless money comes off the sidelines
2014-07-15 17:24:21 [Message] fib_1618 -> Chat: that not all boats in the marina are going to be able to float during any further high tides
2014-07-15 17:24:35 [Message] fib_1618 -> Chat: so an important day coming there too
2014-07-15 17:25:03 [Message] fib_1618 -> Chat: and the TM is echoing all of the other charts
2014-07-15 17:25:10 [Message] fib_1618 -> Chat: so not much more we can add there
2014-07-15 17:25:12 [Message] fib_1618 -> Chat: so....
2014-07-15 17:25:29 [Message] fib_1618 -> Chat: kind of reminds me of being in high school and playing HORSE
2014-07-15 17:25:57 [Message] fib_1618 -> Chat: will the buyers or sellers come up with the shot that will take the other one out?
2014-07-15 17:26:06 [Message] fib_1618 -> Chat: we'll just have to see what tomorrow brings
2014-07-15 17:26:16 [Message] fib_1618 -> Chat: let's see if the volume McClellan's have anything to offer us
2014-07-15 17:27:10 [Message] fib_1618 -> Chat: taking a quick look around
2014-07-15 17:27:26 [Message] fib_1618 -> Chat: and we see that the NDX volume MCO was able to fully snapback to its zero line on Monday
2014-07-15 17:27:44 [Message] fib_1618 -> Chat: while the NYSE and NASDAQ were not able to move above their blip resistance areas
2014-07-15 17:28:00 [Message] fib_1618 -> Chat: NDX looks really solid here
2014-07-15 17:28:22 [Message] fib_1618 -> Chat: failure to succeed for the SPX volume MCO
2014-07-15 17:28:32 [Message] fib_1618 -> Chat: but the OEX volume MCO made it to its zero line
2014-07-15 17:28:55 [Message] fib_1618 -> Chat: small point change there as well
2014-07-15 17:29:19 [Message] fib_1618 -> Chat: but the Dow volume MCO continues to move in positive territory
2014-07-15 17:29:22 [Message] fib_1618 -> Chat: and with that
2014-07-15 17:29:30 [Message] fib_1618 -> Chat: the Dow volume MCSUM continues to move to higher highs
2014-07-15 17:29:40 [Message] fib_1618 -> Chat: might be a break going on here
2014-07-15 17:29:47 [Message] fib_1618 -> Chat: a tale of two markets
2014-07-15 17:29:56 [Message] fib_1618 -> Chat: where the cream (value) stocks are being supported
2014-07-15 17:30:08 [Message] fib_1618 -> Chat: and the growth stocks are being shun..at least for now
2014-07-15 17:30:35 [Message] fib_1618 -> Chat: ah oh
2014-07-15 17:30:41 [Message] fib_1618 -> Chat: lower lows in the MID volume MCO
2014-07-15 17:31:14 [Message] fib_1618 -> Chat: but our interpretation of the volume data is a bit different that that of breadth
2014-07-15 17:31:22 [Message] fib_1618 -> Chat: as long as breadth holds here
2014-07-15 17:31:35 [Message] fib_1618 -> Chat: the lower lows here in the MID volume MCO might be a wash out point
2014-07-15 17:31:39 [Message] rite01 -> Chat: I have OEX volume MCO at -18 right?
2014-07-15 17:31:45 [Message] fib_1618 -> Chat: sigh...
2014-07-15 17:31:50 [Message] fib_1618 -> Chat: lower low in the SML volume MCO
2014-07-15 17:32:05 [Message] fib_1618 -> Chat: but we're still above the April lows
2014-07-15 17:32:28 [Message] rite01 -> Chat: Oh right
2014-07-15 17:33:01 [Message] fib_1618 -> Chat: so for the bulls to turn this around
2014-07-15 17:33:28 [Message] fib_1618 -> Chat: they will have to move back above the blip highs from Monday
2014-07-15 17:33:37 [Message] fib_1618 -> Chat: a lot of mixed signals here
2014-07-15 17:34:13 [Message] fib_1618 -> Chat: but until the buyers can take out the blip points from last week
2014-07-15 17:34:25 [Message] fib_1618 -> Chat: we'll continue to give the short term nod to the sellers for now
2014-07-15 17:34:45 [Message] fib_1618 -> Chat: but boy...you can add a large asterisk to that with the data in the OEX and Dow
2014-07-15 17:34:54 [Message] fib_1618 -> Chat: moving to the volume oscillators
2014-07-15 17:35:32 [Message] fib_1618 -> Chat: :)
2014-07-15 17:35:36 [Message] fib_1618 -> Chat: CVI's are neutral
2014-07-15 17:35:42 [Message] fib_1618 -> Chat: STVO's are neutral
2014-07-15 17:35:53 [Message] fib_1618 -> Chat: and the VTO's are suggesting that we are trending to the upside
2014-07-15 17:36:00 [Message] fib_1618 -> Chat: amazing
2014-07-15 17:36:31 [Message] fib_1618 -> Chat: NYSE TRIN at .81
2014-07-15 17:36:41 [Message] fib_1618 -> Chat: Open 10 at .96
2014-07-15 17:36:56 [Message] fib_1618 -> Chat: NASDAQ TRIN at .69
2014-07-15 17:36:59 [Message] fib_1618 -> Chat: that's not good
2014-07-15 17:37:19 [Message] fib_1618 -> Chat: Open 10 continuing to move sideways at .92
2014-07-15 17:37:25 [Message] fib_1618 -> Chat: that's a rare event
2014-07-15 17:37:39 [Message] fib_1618 -> Chat: TM TRIN at .78
2014-07-15 17:37:52 [Message] fib_1618 -> Chat: Open 10 at .96
2014-07-15 17:37:57 [Message] fib_1618 -> Chat: so....
2014-07-15 17:38:16 [Message] fib_1618 -> Chat: we have quite a buffet of things working right now
2014-07-15 17:38:32 [Message] fib_1618 -> Chat: if you're a bear...you'll gravitate to the small cap end of the bar
2014-07-15 17:38:35 [Message] fib_1618 -> Chat: if you're a bull
2014-07-15 17:38:44 [Message] fib_1618 -> Chat: you're looking at the other end with the mega caps
2014-07-15 17:38:57 [Message] fib_1618 -> Chat: volume indicators are neutral
2014-07-15 17:39:02 [Message] fib_1618 -> Chat: so one side is about to take control
2014-07-15 17:39:12 [Message] fib_1618 -> Chat: and the internals are looking over a small cliff
2014-07-15 17:39:23 [Message] fib_1618 -> Chat: and wondering what would happened if they jumped?
2014-07-15 17:39:27 [Message] fib_1618 -> Chat: for now
2014-07-15 17:39:40 [Message] fib_1618 -> Chat: best to sit on our proverbial hands for now
2014-07-15 17:39:53 [Message] fib_1618 -> Chat: and watch the action from a far
2014-07-15 17:40:02 [Message] fib_1618 -> Chat: let me check the BETS
2014-07-15 17:41:24 [Message] fib_1618 -> Chat: eeeek
2014-07-15 17:41:25 [Message] fib_1618 -> Chat: +35
2014-07-15 17:42:02 [Message] fib_1618 -> Chat: so that would be a "hold with protective bearish stops (below market)"
2014-07-15 17:42:19 [Message] fib_1618 -> Chat: quite a bit of damage over the last two days
2014-07-15 17:42:22 [Message] fib_1618 -> Chat: and with that
2014-07-15 17:42:46 [Message] fib_1618 -> Chat: the odds here is that we're more likely to break down than hold
2014-07-15 17:42:53 [Message] fib_1618 -> Chat: so let wave "C" begin!
2014-07-15 17:42:56 [Message] fib_1618 -> Chat: anything else?
2014-07-15 17:43:01 [Message] rite01 -> Chat: You said Volume indicators are neutral is that because most components are above 0?
2014-07-15 17:43:19 [Message] fib_1618 -> Chat: if you look at the CVI's and STVO's
2014-07-15 17:43:32 [Message] fib_1618 -> Chat: both are in and around their zero lines
2014-07-15 17:43:54 [Message] fib_1618 -> Chat: that would indicate that, "on balance", there is near equality between buyers and sellers right now for those time periods
2014-07-15 17:43:56 [Message] thespookyone -> Chat: the vto on the NDX seems odd there, no?
2014-07-15 17:44:17 [Message] fib_1618 -> Chat: and when you have equality, one side can then engage an imbalance
2014-07-15 17:44:49 [Message] rite01 -> Chat: Sorry I'm so slow in typing and Thanks again.
2014-07-15 17:44:56 [Message] fib_1618 -> Chat: NDX VTO is still positive
2014-07-15 17:45:06 [Message] rite01 -> Chat: right
2014-07-15 17:45:14 [Message] fib_1618 -> Chat: but is becoming more neutral
2014-07-15 17:45:21 [Message] fib_1618 -> Chat: not a problem
2014-07-15 17:45:22 [Message] rite01 -> Chat: right
2014-07-15 17:45:26 [Message] thespookyone -> Chat: cool
2014-07-15 17:45:52 [Message] fib_1618 -> Chat: here's the thing with indicators
2014-07-15 17:46:09 [Message] fib_1618 -> Chat: it doesn't really matter who or what is driving this or that indicator to give you a reading
2014-07-15 17:46:38 [Message] fib_1618 -> Chat: the only thing that does matter is whether or not there is enough of an imbalance, power, energy, to move prices in one direction or the other
2014-07-15 17:46:43 [Message] fib_1618 -> Chat: when all is said and done at the end of the day
2014-07-15 17:46:55 [Message] fib_1618 -> Chat: you're not going to know who did what
2014-07-15 17:47:10 [Message] fib_1618 -> Chat: so there's no need to guess to re affirm what could be a "feeling"
2014-07-15 17:47:20 [Message] fib_1618 -> Chat: the market is what it is
2014-07-15 17:47:32 [Message] fib_1618 -> Chat: you have those with one opinion
2014-07-15 17:47:36 [Message] fib_1618 -> Chat: and those with another
2014-07-15 17:47:44 [Message] fib_1618 -> Chat: even if it's computers
2014-07-15 17:47:55 [Message] fib_1618 -> Chat: one side has it buy execution triggers
2014-07-15 17:48:01 [Message] fib_1618 -> Chat: and one side has its sell triggers
2014-07-15 17:48:17 [Message] fib_1618 -> Chat: in the past
2014-07-15 17:48:35 [Message] fib_1618 -> Chat: they used interest rates in relation to the premium in futures to make those choices
2014-07-15 17:48:39 [Message] fib_1618 -> Chat: but still
2014-07-15 17:48:57 [Message] fib_1618 -> Chat: someone has to be on one side of the trade in order for the other side to make it
2014-07-15 17:49:14 [Message] fib_1618 -> Chat: so if the market wants to decline
2014-07-15 17:49:16 [Message] fib_1618 -> Chat: fine with me
2014-07-15 17:49:24 [Message] fib_1618 -> Chat: don't care one way or the other
2014-07-15 17:49:32 [Message] fib_1618 -> Chat: only that I recognize it happening
2014-07-15 17:49:44 [Message] fib_1618 -> Chat: and take advantage of it as fully as I can
2014-07-15 17:49:46 [Message] thespookyone -> Chat: we should get some good info tomorrow-one way or the other-good to just stand back and get the news
2014-07-15 17:49:51 [Message] rite01 -> Chat: These chats are breath of fresh air and really take the need to follow CNBC or TT so often.
2014-07-15 17:49:53 [Message] fib_1618 -> Chat: I would
2014-07-15 17:50:02 [Message] fib_1618 -> Chat: well...
2014-07-15 17:50:05 [Message] fib_1618 -> Chat: bad news sells
2014-07-15 17:50:20 [Message] fib_1618 -> Chat: and good news...well...by the time everyone realizes it, it's past
2014-07-15 17:50:45 [Message] fib_1618 -> Chat: I saw a poll a week or so ago of which economic indicator was the least usable
2014-07-15 17:50:52 [Message] fib_1618 -> Chat: the jobs numbers or the GDP
2014-07-15 17:50:57 [Message] fib_1618 -> Chat: and the answer is...
2014-07-15 17:50:58 [Message] fib_1618 -> Chat: both
2014-07-15 17:51:01 [Message] fib_1618 -> Chat: :)
2014-07-15 17:51:12 [Message] rite01 -> Chat: Got that right!
2014-07-15 17:51:12 [Message] fib_1618 -> Chat: both numbers are rear view mirror data
2014-07-15 17:51:27 [Message] fib_1618 -> Chat: and have absolutely nothing to do with positioning
2014-07-15 17:51:43 [Message] fib_1618 -> Chat: if any of you have owned a business
2014-07-15 17:51:50 [Message] fib_1618 -> Chat: you know what I'm talking about
2014-07-15 17:52:05 [Message] rite01 -> Chat: Sure do!
2014-07-15 17:52:10 [Message] fib_1618 -> Chat: for example
2014-07-15 17:52:18 [Message] fib_1618 -> Chat: if you own a business
2014-07-15 17:52:24 [Message] fib_1618 -> Chat: and you're just coming out of a recession
2014-07-15 17:52:40 [Message] fib_1618 -> Chat: you're going to make darn sure that business is good enough to actually hire people
2014-07-15 17:52:44 [Message] fib_1618 -> Chat: and that means
2014-07-15 17:52:54 [Message] fib_1618 -> Chat: you're usually at the mature end of the cycle when you do so
2014-07-15 17:52:57 [Message] fib_1618 -> Chat: these days
2014-07-15 17:53:07 [Message] fib_1618 -> Chat: with taxes and higher minimum wages
2014-07-15 17:53:12 [Message] fib_1618 -> Chat: who can afford to hire?
2014-07-15 17:53:20 [Message] fib_1618 -> Chat: on the opposite side
2014-07-15 17:53:24 [Message] fib_1618 -> Chat: you hired
2014-07-15 17:53:31 [Message] fib_1618 -> Chat: and now business is getting worse
2014-07-15 17:53:49 [Message] fib_1618 -> Chat: but you don't fire anyone because you know how important it is that they work
2014-07-15 17:53:57 [Message] fib_1618 -> Chat: until...you can't afford it anymore
2014-07-15 17:54:21 [Message] fib_1618 -> Chat: and then the contraction is close to completion for you can then take that extra money and use it for inventory
2014-07-15 17:54:46 [Message] fib_1618 -> Chat: economic statistics are just Ivy League hogwash
2014-07-15 17:54:56 [Message] fib_1618 -> Chat: as they have little to do with how stocks move in the here and now
2014-07-15 17:55:18 [Message] fib_1618 -> Chat: anything else?
2014-07-15 17:55:28 [Message] thespookyone -> Chat: thx, good stuff
2014-07-15 17:55:40 [Message] rite01 -> Chat: second that
2014-07-15 17:55:42 [Message] fib_1618 -> Chat: always exciting when the market is about to make a choice
2014-07-15 17:55:55 [Message] fib_1618 -> Chat: this is what you wait for as a technician
2014-07-15 17:55:58 [Message] fib_1618 -> Chat: kick offs
2014-07-15 17:56:03 [Message] thespookyone -> Chat: yep!
2014-07-15 17:56:05 [Message] fib_1618 -> Chat: or breakdowns
2014-07-15 17:56:12 [Message] rite01 -> Chat: :D
2014-07-15 17:56:27 [Message] fib_1618 -> Chat: OK...with that
2014-07-15 17:56:31 [Message] fib_1618 -> Chat: I'm going to take off
2014-07-15 17:56:35 [Message] fib_1618 -> Chat: everyone have a great couple of days
2014-07-15 17:56:42 [Message] fib_1618 -> Chat: and we'll see how things look on Thursday
2014-07-15 17:56:43 [Message] fib_1618 -> Chat: good night
2014-07-15 17:57:01 [Message] DanD64 -> Chat: Good night!
2014-07-15 17:57:14 [Message] rite01 -> Chat: Ditto!

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