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fib_1618

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Posts: 4,898
Reply with quote  #1 
2014-07-02 16:00:02 [Message] fib_1618 -> Chat: good day
2014-07-02 16:00:05 [Message] fib_1618 -> Chat: how is everyone?
2014-07-02 16:02:39 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2014-07-02 16:06:06 [Message] rite01 -> Chat: How's GLD looking.  If there is time What's CVI's criteria or overbought and climatic
2014-07-02 16:10:18 [Message] fib_1618 -> Chat: whew...busy day today
2014-07-02 16:10:30 [Message] fib_1618 -> Chat: people are spending again [smile]
2014-07-02 16:10:45 [Message] rite01 -> Chat: good news!
2014-07-02 16:11:29 [Message] fib_1618 -> Chat: GLD...
2014-07-02 16:11:37 [Message] fib_1618 -> Chat: still need to build a base
2014-07-02 16:11:48 [Message] fib_1618 -> Chat: refer to the weekly breadth data reviews on that
2014-07-02 16:11:56 [Message] fib_1618 -> Chat: and as far as the CVI's
2014-07-02 16:12:25 [Message] fib_1618 -> Chat: this tool measures panic moves in volume on a near term basis
2014-07-02 16:13:03 [Message] fib_1618 -> Chat: what you will find is that anytime the indicator moves above or below 50, that prices tend to peak out in that direction within 2 trading days
2014-07-02 16:13:22 [Message] fib_1618 -> Chat: OK....
2014-07-02 16:13:33 [Message] fib_1618 -> Chat: let's get SC up and get started...shall we?
2014-07-02 16:13:45 [Message] rite01 -> Chat: OK
2014-07-02 16:14:20 [Message] fib_1618 -> Chat: after challenging highs of last month on Tuesday
2014-07-02 16:14:29 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO moved lower today
2014-07-02 16:15:01 [Message] fib_1618 -> Chat: providing more of a pause in the pattern than an all out pullback from resistance
2014-07-02 16:15:29 [Message] fib_1618 -> Chat: that can change, however, if we see any continued pullback toward the MCO zero line on Thursday
2014-07-02 16:15:33 [Message] fib_1618 -> Chat: but then again
2014-07-02 16:15:40 [Message] fib_1618 -> Chat: the way that intraday breadth looked today
2014-07-02 16:16:09 [Message] fib_1618 -> Chat: it would seem that a great majority were squaring positions before taking a long weekend holiday
2014-07-02 16:16:24 [Message] fib_1618 -> Chat: so I wouldn't expect too much to happen after the first hour on Thursday
2014-07-02 16:16:46 [Message] fib_1618 -> Chat: in fact
2014-07-02 16:16:49 [Message] rite01 -> Chat: Good. But a pull back in MCO to new recent lows below 0 would mean a possible rise in market prices?
2014-07-02 16:16:55 [Message] fib_1618 -> Chat: we had the most amount of selling today than we've had in a month
2014-07-02 16:17:05 [Message] fib_1618 -> Chat: well...at this juncture
2014-07-02 16:17:14 [Message] fib_1618 -> Chat: we want to see continued positive readings here
2014-07-02 16:17:29 [Message] rite01 -> Chat: Where do you get sell information what do you use.
2014-07-02 16:17:29 [Message] fib_1618 -> Chat: and not to see money move back to a neutral base
2014-07-02 16:17:38 [Message] fib_1618 -> Chat: but again
2014-07-02 16:17:51 [Message] fib_1618 -> Chat: having a holiday week like this one can skew the data a bit
2014-07-02 16:18:07 [Message] fib_1618 -> Chat: but we still have to work with what the market gives us in spite of this
2014-07-02 16:18:15 [Message] fib_1618 -> Chat: TECHNICALLY
2014-07-02 16:18:23 [Message] rite01 -> Chat: ok
2014-07-02 16:18:44 [Message] fib_1618 -> Chat: we need to see follow through by the buyers in order for the advancing price structure to have continued underlying support
2014-07-02 16:19:06 [Message] fib_1618 -> Chat: in any event
2014-07-02 16:19:20 [Message] fib_1618 -> Chat: we remain on a crossover buy signal with the CO MCO components
2014-07-02 16:19:38 [Message] fib_1618 -> Chat: but as we remarked on Tuesday
2014-07-02 16:19:55 [Message] fib_1618 -> Chat: in order to move up and away from the natural area of resistance (the +750 level)
2014-07-02 16:20:07 [Message] fib_1618 -> Chat: it takes good follow through in order for this to happen
2014-07-02 16:20:11 [Message] fib_1618 -> Chat: and we didn't get that today
2014-07-02 16:20:19 [Message] fib_1618 -> Chat: just a nuance
2014-07-02 16:20:46 [Message] fib_1618 -> Chat: but it has to be noted in order to keep things consistent
2014-07-02 16:21:18 [Message] fib_1618 -> Chat: we also saw a nice pullback as well in the NYSE Composite breadth MCO
2014-07-02 16:21:49 [Message] fib_1618 -> Chat: and it happened to be a bit deeper than one would expect after breaking above the previous highs as we did on Tuesday
2014-07-02 16:22:03 [Message] fib_1618 -> Chat: looking at the components here
2014-07-02 16:22:13 [Message] fib_1618 -> Chat: and we see that the 10% has now snapped back to the 5% Trend
2014-07-02 16:22:28 [Message] fib_1618 -> Chat: so we should see an obligatory technical bounce higher on Thursday
2014-07-02 16:23:07 [Message] fib_1618 -> Chat: leaving the beginning of next week as the "important juncture" for the ongoing strength of the price structure
2014-07-02 16:23:31 [Message] fib_1618 -> Chat: looking at the NASDAQ breadth MCO
2014-07-02 16:23:56 [Message] fib_1618 -> Chat: and here we had what would be termed "normal" in the pullback we saw in this MCO
2014-07-02 16:24:14 [Message] fib_1618 -> Chat: and certainly not as deep as it was on the NYSE Composite
2014-07-02 16:24:26 [Message] rite01 -> Chat: Please explain the crossover on MCO you referred to a while back
2014-07-02 16:24:44 [Message] fib_1618 -> Chat: this was one of the options we talked about for this MCO on Tuesday
2014-07-02 16:24:55 [Message] fib_1618 -> Chat: of either we blow through the +40 level
2014-07-02 16:25:05 [Message] rite01 -> Chat: oh yea
2014-07-02 16:25:11 [Message] fib_1618 -> Chat: or we take a day or two of back and fill and then make the effort to do so
2014-07-02 16:25:19 [Message] fib_1618 -> Chat: so we got option 2
2014-07-02 16:25:32 [Message] fib_1618 -> Chat: in what sense Mike?
2014-07-02 16:25:51 [Message] fib_1618 -> Chat: you know what the components represent
2014-07-02 16:26:06 [Message] rite01 -> Chat: Yes
2014-07-02 16:26:10 [Message] fib_1618 -> Chat: and you know what they're doing when they are either above or below the zero line
2014-07-02 16:26:20 [Message] fib_1618 -> Chat: if you don't, ask, and we'll go over it again
2014-07-02 16:26:37 [Message] fib_1618 -> Chat: I have no problem revisiting this
2014-07-02 16:27:16 [Message] rite01 -> Chat: That is still giving me a few problems but I'll get all of in time
2014-07-02 16:27:24 [Message] rite01 -> Chat: please continue
2014-07-02 16:27:37 [Message] fib_1618 -> Chat: no...let me try to help
2014-07-02 16:27:44 [Message] fib_1618 -> Chat: but I need to know what you want to know [smile]
2014-07-02 16:27:56 [Message] fib_1618 -> Chat: let's try this
2014-07-02 16:28:09 [Message] fib_1618 -> Chat: the 10% Trend is the 19 day EMA measurement of the A/D line
2014-07-02 16:28:29 [Message] fib_1618 -> Chat: the 5% Trend is the 39 day EMA measurement of this same A/D line
2014-07-02 16:28:32 [Message] rite01 -> Chat: right
2014-07-02 16:28:41 [Message] fib_1618 -> Chat: if either are above their zero line
2014-07-02 16:28:56 [Message] fib_1618 -> Chat: then these EMA's are moving higher
2014-07-02 16:29:03 [Message] fib_1618 -> Chat: if either are below their zero line
2014-07-02 16:29:09 [Message] fib_1618 -> Chat: these EMA's are moving lower
2014-07-02 16:29:18 [Message] fib_1618 -> Chat: the greater the distance from the zero line
2014-07-02 16:29:31 [Message] fib_1618 -> Chat: the more amplitude there is in this same direction
2014-07-02 16:29:45 [Message] fib_1618 -> Chat: the MCO is your speedometer
2014-07-02 16:29:55 [Message] fib_1618 -> Chat: think of the components are your RPM/fuel gauges
2014-07-02 16:30:20 [Message] rite01 -> Chat: I though it was the accelerator
2014-07-02 16:30:32 [Message] fib_1618 -> Chat: so since we always want the faster time scale to lead the direction of the slower one
2014-07-02 16:31:04 [Message] fib_1618 -> Chat: having the 10% moving above or below the 5% tells us that the A/D line itself is trending
2014-07-02 16:31:40 [Message] rite01 -> Chat: ok got that
2014-07-02 16:31:51 [Message] fib_1618 -> Chat: the MCO is an accelerometer
2014-07-02 16:32:00 [Message] fib_1618 -> Chat: in simpler terms
2014-07-02 16:32:05 [Message] fib_1618 -> Chat: it's your speedometer
2014-07-02 16:32:15 [Message] fib_1618 -> Chat: it tells us how fast money is moving
2014-07-02 16:32:43 [Message] rite01 -> Chat: makes sense
2014-07-02 16:33:25 [Message] rite01 -> Chat: yes
2014-07-02 16:33:34 [Message] fib_1618 -> Chat: the components, in essence, tells us how much fuel is being used in this effort
2014-07-02 16:33:49 [Message] fib_1618 -> Chat: a fuel gauge
2014-07-02 16:33:54 [Message] fib_1618 -> Chat: or an RPM meter
2014-07-02 16:34:16 [Message] fib_1618 -> Chat: the more fuel being used (the further away from the zero line)
2014-07-02 16:34:29 [Message] fib_1618 -> Chat: the less likely that it will continue at that current pace
2014-07-02 16:34:33 [Message] fib_1618 -> Chat: anyway
2014-07-02 16:35:15 [Message] fib_1618 -> Chat: the crossover between the 10% and 5% is important because it tells us if the engine is using the fuel efficiently enough so that the "car" can continue to "trend" forward
2014-07-02 16:35:31 [Message] rite01 -> Chat: ok
2014-07-02 16:35:55 [Message] fib_1618 -> Chat: does that answer your question?
2014-07-02 16:36:01 [Message] fib_1618 -> Chat: or at least help?
2014-07-02 16:36:09 [Message] rite01 -> Chat: Yes it does both
2014-07-02 16:36:12 [Message] fib_1618 -> Chat: great
2014-07-02 16:36:23 [Message] fib_1618 -> Chat: if it slips away again...just ask
2014-07-02 16:36:40 [Message] fib_1618 -> Chat: the silliest or stupidest question is the one that ISN'T asked
2014-07-02 16:36:43 [Message] fib_1618 -> Chat: [smile]
2014-07-02 16:36:51 [Message] rite01 -> Chat: That's what I like about this place learn at your own pace
2014-07-02 16:37:04 [Message] fib_1618 -> Chat: OK...back to work
2014-07-02 16:37:09 [Message] rite01 -> Chat: But when I get it good new is it sticks
2014-07-02 16:37:20 [Message] fib_1618 -> Chat: it will
2014-07-02 16:37:34 [Message] fib_1618 -> Chat: but you have to see it work many times before you start to believe in it
2014-07-02 16:37:42 [Message] fib_1618 -> Chat: we have all been brainwashed
2014-07-02 16:38:03 [Message] fib_1618 -> Chat: call this an "re-education camp" of sorts [smile]
2014-07-02 16:38:13 [Message] fib_1618 -> Chat: see...
2014-07-02 16:38:18 [Message] fib_1618 -> Chat: over the last couple of weeks
2014-07-02 16:38:27 [Message] fib_1618 -> Chat: we could had been saying that the market had to go lower
2014-07-02 16:38:34 [Message] fib_1618 -> Chat: that it was too "overbought"
2014-07-02 16:38:39 [Message] fib_1618 -> Chat: that there is a cycle that's due to bottom
2014-07-02 16:38:53 [Message] fib_1618 -> Chat: that the FED is reducing their purchases
2014-07-02 16:39:01 [Message] fib_1618 -> Chat: that margin accounts are at all time highs
2014-07-02 16:39:22 [Message] fib_1618 -> Chat: that Mexico is invading the US
2014-07-02 16:39:28 [Message] fib_1618 -> Chat: but none of this matters
2014-07-02 16:39:50 [Message] fib_1618 -> Chat: only whether there is enough money to keep prices buoyant is what does matter
2014-07-02 16:40:03 [Message] fib_1618 -> Chat: and then figuring out whether it's being put to work or not
2014-07-02 16:40:07 [Message] fib_1618 -> Chat: and because of this
2014-07-02 16:40:15 [Message] fib_1618 -> Chat: we have been, and will continue to be, on the right side
2014-07-02 16:40:43 [Message] fib_1618 -> Chat: moving to the NDX
2014-07-02 16:41:06 [Message] fib_1618 -> Chat: and we see we had a small point change tonight
2014-07-02 16:41:14 [Message] fib_1618 -> Chat: so the tape action on the NDX is compressed
2014-07-02 16:41:19 [Message] fib_1618 -> Chat: looking at the price chart
2014-07-02 16:41:23 [Message] fib_1618 -> Chat: it closed higher today
2014-07-02 16:41:40 [Message] fib_1618 -> Chat: and it also made new intraday highs as well
2014-07-02 16:41:50 [Message] fib_1618 -> Chat: this is a classic sign of a very strong uptrend in progress
2014-07-02 16:42:15 [Message] fib_1618 -> Chat: and now that we've cleared the highs of March on the NDX breadth MCSUM
2014-07-02 16:42:28 [Message] fib_1618 -> Chat: the expectation here is for continued pattern strength over the short term
2014-07-02 16:42:45 [Message] fib_1618 -> Chat: that being more than 2 trading days...or into next week
2014-07-02 16:43:17 [Message] fib_1618 -> Chat: we see that the SPX breadth MCO snapped back to its zero line today
2014-07-02 16:43:33 [Message] fib_1618 -> Chat: though we did close at new all time price highs
2014-07-02 16:43:48 [Message] fib_1618 -> Chat: this presents us with a bit of divergence that needs our respect
2014-07-02 16:44:07 [Message] fib_1618 -> Chat: but with the SPX breadth MCSUM supporting levels above +1000
2014-07-02 16:44:16 [Message] fib_1618 -> Chat: even if we see the MCO breakdown here
2014-07-02 16:44:45 [Message] fib_1618 -> Chat: we are only likely to find good price pattern support at the 1955 level
2014-07-02 16:45:09 [Message] fib_1618 -> Chat: but with a bounce off the zero line over the next day or so
2014-07-02 16:45:23 [Message] fib_1618 -> Chat: and then moving above the mid June highs
2014-07-02 16:45:39 [Message] fib_1618 -> Chat: this would be a highly bullish event given the textural structure we have in the SPX breadth MCO
2014-07-02 16:46:11 [Message] fib_1618 -> Chat: small point change as well in the OEX breadth MCO
2014-07-02 16:46:24 [Message] fib_1618 -> Chat: as it's having a tough time negotiating above its zero line
2014-07-02 16:46:48 [Message] fib_1618 -> Chat: though we did move higher today
2014-07-02 16:47:06 [Message] fib_1618 -> Chat: so...we need to wait for more information there
2014-07-02 16:47:23 [Message] fib_1618 -> Chat: the Dow breadth MCO did continue to move higher today
2014-07-02 16:48:07 [Message] fib_1618 -> Chat: so it would seem that yesterday's discussion of the volume MCO's suggesting that their breadth cousins were likely to follow their lead came to fruition today
2014-07-02 16:48:55 [Message] fib_1618 -> Chat: a deeper than expected snapback toward the zero line today of the MID breadth MCO
2014-07-02 16:49:05 [Message] fib_1618 -> Chat: but we remain on a crossover buy there
2014-07-02 16:49:24 [Message] fib_1618 -> Chat: as the components suggest that we're likely to see a technical bounce here as soon as tomorrow
2014-07-02 16:52:39 [Message] fib_1618 -> Chat: the SML breadth MCO also moved lower today
2014-07-02 16:52:57 [Message] fib_1618 -> Chat: but note that it seems to have only snapped back to what were the previous highs in this MCO
2014-07-02 16:53:24 [Message] fib_1618 -> Chat: this is a normal condition when money is taking a breather in moving in one direction or the other
2014-07-02 16:54:18 [Message] fib_1618 -> Chat: and we can see how today's MCO reading translates as far as how fast money continues to move into this basket of stocks by looking at the distance between the individual postings of the SML breadth MCSUM
2014-07-02 16:54:25 [Message] fib_1618 -> Chat: especially on the close up 21 day chart
2014-07-02 16:54:58 [Message] fib_1618 -> Chat: next area of potential resistance is the +500 level
2014-07-02 16:55:08 [Message] fib_1618 -> Chat: with more acute pattern resistance at the +600 level
2014-07-02 16:55:44 [Message] fib_1618 -> Chat: so what we want to see here is a continued push forward up to, and then hopefully through, these two areas of resistance
2014-07-02 16:56:20 [Message] fib_1618 -> Chat: and a small pullback in the TM breadth MCO
2014-07-02 16:56:40 [Message] fib_1618 -> Chat: as it continues to maintain a overall positive structure above its zero line
2014-07-02 16:56:44 [Message] fib_1618 -> Chat: so...
2014-07-02 16:57:19 [Message] fib_1618 -> Chat: it looks like we had a simple "pause to refresh" today after relieving the internal compression that developed on Monday
2014-07-02 16:57:34 [Message] fib_1618 -> Chat: and if the internals and price action are any indication
2014-07-02 16:58:04 [Message] fib_1618 -> Chat: it shouldn't be at all surprising if we close at or very near the top of the range of the week when all is said and done on Thursday
2014-07-02 16:58:32 [Message] fib_1618 -> Chat: moving to the sectors
2014-07-02 16:58:45 [Message] fib_1618 -> Chat: and we see that the XLY breadth MCO had a small point change today
2014-07-02 16:59:16 [Message] fib_1618 -> Chat: after breaking above pattern resistance on Tuesday
2014-07-02 16:59:39 [Message] fib_1618 -> Chat: and looking at the XLY breadth MCSUM
2014-07-02 16:59:58 [Message] fib_1618 -> Chat: and we see that the classic "scoop" of a rounding bottom formation in the this indicator
2014-07-02 17:00:06 [Message] fib_1618 -> Chat: and it has now moved to higher highs
2014-07-02 17:00:24 [Message] fib_1618 -> Chat: so this now confirms the new all time highs we see in prices
2014-07-02 17:01:32 [Message] fib_1618 -> Chat: something of which we knew was likely to happen 3 weeks ago once the XLY breadth MCSUM moved above its March highs
2014-07-02 17:01:54 [Message] fib_1618 -> Chat: so the trading range is now complete there
2014-07-02 17:02:12 [Message] fib_1618 -> Chat: and we should look for continued higher prices in this sector over the next several weeks
2014-07-02 17:02:38 [Message] fib_1618 -> Chat: as was our expectation from last week
2014-07-02 17:02:51 [Message] fib_1618 -> Chat: the XLP breadth MCO has now fully snapped back up to its zero line
2014-07-02 17:03:11 [Message] fib_1618 -> Chat: where one side is now going to be able to take control
2014-07-02 17:03:41 [Message] fib_1618 -> Chat: the XLP breadth MCO components are also positive here now that we've generated a new crossover buy signal today
2014-07-02 17:04:20 [Message] fib_1618 -> Chat: and with the components above their zero lines
2014-07-02 17:04:36 [Message] fib_1618 -> Chat: this tells us that the XLP A/D line is rising
2014-07-02 17:04:58 [Message] fib_1618 -> Chat: and it's only a matter of time from where this additional flow of capital will eventually be put to work
2014-07-02 17:05:36 [Message] fib_1618 -> Chat: the XLE breadth MCO has now broken below its series of rising bottoms above bottoms
2014-07-02 17:05:47 [Message] fib_1618 -> Chat: and went down and through its zero line today
2014-07-02 17:06:17 [Message] fib_1618 -> Chat: we also generated a crossover sell signal as well
2014-07-02 17:06:29 [Message] fib_1618 -> Chat: but since the MCO is below its zero line
2014-07-02 17:06:40 [Message] fib_1618 -> Chat: and the components are above zero
2014-07-02 17:06:58 [Message] fib_1618 -> Chat: prices are only likely to trend sideways for bit
2014-07-02 17:07:19 [Message] fib_1618 -> Chat: to help in relieving their "overbought" conditions
2014-07-02 17:07:52 [Message] fib_1618 -> Chat: the current price pattern has the appearance of a bear flag as well
2014-07-02 17:08:13 [Message] fib_1618 -> Chat: so it shouldn't be too surprising if we see a near term shake out in this sector in the next day or so
2014-07-02 17:08:53 [Message] fib_1618 -> Chat: and...like magic...the XLE breadth MCSUM just couldn't negotiate its way above the +1750 level
2014-07-02 17:09:18 [Message] fib_1618 -> Chat: so, overall here, a hold with bullish bias
2014-07-02 17:09:49 [Message] fib_1618 -> Chat: no real changes in the XLF data as it continues to meander sideways
2014-07-02 17:10:23 [Message] fib_1618 -> Chat: and the XLV breadth MCO finally powered higher today
2014-07-02 17:10:34 [Message] fib_1618 -> Chat: and this pushed prices to new all time highs
2014-07-02 17:11:04 [Message] fib_1618 -> Chat: and as long as the XLV breadth MCSUM remains above the +750 level
2014-07-02 17:11:41 [Message] fib_1618 -> Chat: we're going to continue to see sharp advances anytime we get a buying imbalance hitting the floor
2014-07-02 17:11:51 [Message] thespookyone -> Chat: Biotechs were exploding North...
2014-07-02 17:12:02 [Message] fib_1618 -> Chat: [smile]
2014-07-02 17:12:11 [Message] fib_1618 -> Chat: yep...no one liked them
2014-07-02 17:12:25 [Message] fib_1618 -> Chat: everyone was using them as a proxy for the bearish argument
2014-07-02 17:12:29 [Message] fib_1618 -> Chat: and meanwhile
2014-07-02 17:12:40 [Message] fib_1618 -> Chat: they were building a classic base
2014-07-02 17:12:42 [Message] thespookyone -> Chat: My room loved em, especially the last two days [smile]
2014-07-02 17:13:01 [Message] fib_1618 -> Chat: now you got me wondering...let me look
2014-07-02 17:13:31 [Message] fib_1618 -> Chat: XBI continues to trend higher
2014-07-02 17:14:00 [Message] fib_1618 -> Chat: remember at the beginning of June when we were talking about how bullish the EMA configuration was?
2014-07-02 17:14:07 [Message] thespookyone -> Chat: yep
2014-07-02 17:14:17 [Message] fib_1618 -> Chat: I even made a post on TT about it within a thread
2014-07-02 17:14:22 [Message] fib_1618 -> Chat: gosh
2014-07-02 17:14:31 [Message] fib_1618 -> Chat: I leave all these jewels for people
2014-07-02 17:14:37 [Message] fib_1618 -> Chat: and no one notices
2014-07-02 17:14:38 [Message] fib_1618 -> Chat: [smile]
2014-07-02 17:15:14 [Message] thespookyone -> Chat: If I post a trade, I get 85 hits LOL
2014-07-02 17:15:14 [Message] fib_1618 -> Chat: BTK is screaming north
2014-07-02 17:15:18 [Message] fib_1618 -> Chat: lol
2014-07-02 17:15:21 [Message] fib_1618 -> Chat: I saw!
2014-07-02 17:15:56 [Message] fib_1618 -> Chat: it's like Costa's posts
2014-07-02 17:16:03 [Message] fib_1618 -> Chat: no one really cares about the art
2014-07-02 17:16:11 [Message] fib_1618 -> Chat: they want doom and destruction posts
2014-07-02 17:16:57 [Message] fib_1618 -> Chat: the XLI breadth MCO continues to trace a complex bearish pattern below the zero line over the last several weeks
2014-07-02 17:17:09 [Message] fib_1618 -> Chat: what we mean as a complex pattern
2014-07-02 17:17:28 [Message] fib_1618 -> Chat: is that the range either above or below the zero line continues to move with a consistent sideways action
2014-07-02 17:17:44 [Message] fib_1618 -> Chat: this shows strength on the side in which this pattern develops
2014-07-02 17:17:59 [Message] fib_1618 -> Chat: so with the XLI heavily weighted with Dow stocks
2014-07-02 17:18:06 [Message] fib_1618 -> Chat: this would not look to be a positive
2014-07-02 17:18:34 [Message] fib_1618 -> Chat: but with many of the major market indices as flushed with liquidity as they are right now
2014-07-02 17:18:41 [Message] rite01 -> Chat: thanks
2014-07-02 17:18:51 [Message] fib_1618 -> Chat: this would then suggest that money is actually rotating into other areas
2014-07-02 17:18:55 [Message] fib_1618 -> Chat: like the XLY
2014-07-02 17:19:01 [Message] fib_1618 -> Chat: or XLP
2014-07-02 17:19:04 [Message] fib_1618 -> Chat: or the XLV
2014-07-02 17:19:25 [Message] thespookyone -> Chat: seeking risk makes sense here, I think
2014-07-02 17:19:38 [Message] fib_1618 -> Chat: we also know that it's the multinational issues that continue to be under pressure over the last several weeks
2014-07-02 17:19:51 [Message] fib_1618 -> Chat: so we'll keep an eye on this one
2014-07-02 17:20:05 [Message] fib_1618 -> Chat: knowing that once this complex structure completes itself
2014-07-02 17:20:07 [Message] fib_1618 -> Chat: in this vein...when the sellers run out of fuel
2014-07-02 17:20:47 [Message] fib_1618 -> Chat: that we're likely to see a sharp move back above the XLI breadth MCO zero line
2014-07-02 17:21:19 [Message] fib_1618 -> Chat: as we continue to actually relieve the extreme imbalances of the last several months and using the XLI breadth MCSUM as the proxy of such things
2014-07-02 17:21:40 [Message] rite01 -> Chat: Looks like we need a lower down in the MCO first?
2014-07-02 17:21:51 [Message] fib_1618 -> Chat: not necessarily
2014-07-02 17:21:59 [Message] fib_1618 -> Chat: remember that the intermediate term is bullish
2014-07-02 17:22:09 [Message] fib_1618 -> Chat: and we are only correcting excesses
2014-07-02 17:22:14 [Message] fib_1618 -> Chat: look at the components
2014-07-02 17:22:18 [Message] fib_1618 -> Chat: where are they positioned?
2014-07-02 17:22:27 [Message] fib_1618 -> Chat: if the components were also below the zero line
2014-07-02 17:22:35 [Message] fib_1618 -> Chat: and the MCSUM was closer to its zero line
2014-07-02 17:22:47 [Message] fib_1618 -> Chat: then the likely event of a thrust lower would be the higher probability
2014-07-02 17:23:02 [Message] fib_1618 -> Chat: here's a question that might bring this idea home
2014-07-02 17:23:07 [Message] rite01 -> Chat: mcsum above 1000 and components above 0
2014-07-02 17:23:12 [Message] fib_1618 -> Chat: what does it mean when the MCSUM is at the zero line?
2014-07-02 17:23:27 [Message] fib_1618 -> Chat: yes...to your statement
2014-07-02 17:23:40 [Message] rite01 -> Chat: mco above zero and 19 above the 39
2014-07-02 17:23:57 [Message] fib_1618 -> Chat: well..not exactly
2014-07-02 17:24:29 [Message] fib_1618 -> Chat: remember that the MCO measures the speed...how fast these two EMA's (19 and 30 day) are either moving toward or away from each other
2014-07-02 17:24:42 [Message] fib_1618 -> Chat: the MCSUM measures the distance between these same EMA's given the velocity of this speed quotient
2014-07-02 17:24:45 [Message] fib_1618 -> Chat: so...
2014-07-02 17:24:49 [Message] fib_1618 -> Chat: if the MCSUM is at the zero line
2014-07-02 17:25:06 [Message] fib_1618 -> Chat: the 19 day and 39 day are at the exact same position with each other
2014-07-02 17:25:12 [Message] fib_1618 -> Chat: if the MCSUM is below the zero line
2014-07-02 17:25:27 [Message] fib_1618 -> Chat: the 19 day EMA has crossed down and through the slower 39 day EMA
2014-07-02 17:25:32 [Message] fib_1618 -> Chat: if the MCSUM is above the zero line
2014-07-02 17:25:44 [Message] fib_1618 -> Chat: the 19 day EMA has crossed up and through the slower 39 day EMA
2014-07-02 17:25:57 [Message] fib_1618 -> Chat: both of which are measuring the TREND of the A/D line being measured
2014-07-02 17:26:04 [Message] fib_1618 -> Chat: think of a price chart
2014-07-02 17:26:17 [Message] fib_1618 -> Chat: if prices are above the short term and intermediate term EMA's
2014-07-02 17:26:33 [Message] fib_1618 -> Chat: what is the likely to happen when prices touch these two EMA's?
2014-07-02 17:26:58 [Message] fib_1618 -> Chat: they will initially find either support or resistance
2014-07-02 17:27:22 [Message] fib_1618 -> Chat: and it takes a larger imbalance of money moving in one direction to break this same support or resistance
2014-07-02 17:27:25 [Message] fib_1618 -> Chat: so...
2014-07-02 17:27:44 [Message] fib_1618 -> Chat: if we had this complex bearish pattern structure in the MCO as the MCSUM was approaching its zero line
2014-07-02 17:28:04 [Message] fib_1618 -> Chat: then the chances of a thrust lower from the structure would be much higher than finding actual support
2014-07-02 17:28:18 [Message] fib_1618 -> Chat: I'm probably confusing you now
2014-07-02 17:28:25 [Message] fib_1618 -> Chat: we'll let this set in for a bit
2014-07-02 17:28:36 [Message] fib_1618 -> Chat: you can review this again in the scripts
2014-07-02 17:28:44 [Message] fib_1618 -> Chat: and play with the charts a bit
2014-07-02 17:29:20 [Message] rite01 -> Chat: Please keep up the examples and I will study them as usually and thanks for bearing with me.
2014-07-02 17:29:24 [Message] fib_1618 -> Chat: the XLB breadth MCO continues to have a tough time negotiating its way back above the zero line
2014-07-02 17:29:30 [Message] fib_1618 -> Chat: no problems
2014-07-02 17:29:36 [Message] fib_1618 -> Chat: that's why you're here
2014-07-02 17:29:54 [Message] fib_1618 -> Chat: and why many like to have me go over this from time to time as a reinforcement
2014-07-02 17:30:04 [Message] fib_1618 -> Chat: it helps to provide focus
2014-07-02 17:30:20 [Message] fib_1618 -> Chat: once you start to grasp the real intent of the McClellan's
2014-07-02 17:30:29 [Message] fib_1618 -> Chat: you'll probably get like me when it hit me
2014-07-02 17:30:31 [Message] fib_1618 -> Chat: I was giddy
2014-07-02 17:30:42 [Message] fib_1618 -> Chat: started to laugh out loud
2014-07-02 17:30:59 [Message] rite01 -> Chat: Got that right also takes mind off all the noise out there.
2014-07-02 17:31:11 [Message] fib_1618 -> Chat: yes sir
2014-07-02 17:31:24 [Message] fib_1618 -> Chat: we should look for continued chop in the XLB
2014-07-02 17:31:42 [Message] fib_1618 -> Chat: the XLK price action powered higher yesterday
2014-07-02 17:32:12 [Message] fib_1618 -> Chat: which was a bit surprising given the lower lows we saw in the XLK breadth MCO we saw last Thursday
2014-07-02 17:32:15 [Message] fib_1618 -> Chat: but then again
2014-07-02 17:32:45 [Message] fib_1618 -> Chat: those who continue to under-estimate the power of this advance will be reminded very quickly on why it's not a good idea to do so
2014-07-02 17:33:04 [Message] fib_1618 -> Chat: and now that we've broken back through the +1250 level now on the XLK breadth MCSUM
2014-07-02 17:33:09 [Message] fib_1618 -> Chat: so back to buy mode there
2014-07-02 17:33:20 [Message] fib_1618 -> Chat: what was the first upside target there...I think it was first 39??
2014-07-02 17:33:32 [Message] fib_1618 -> Chat: so we're there now
2014-07-02 17:34:23 [Message] fib_1618 -> Chat: and it looks like that the XLU was taken by surprise today of the strength seen in the ADP data
2014-07-02 17:34:31 [Message] fib_1618 -> Chat: let me look at the 10 year note
2014-07-02 17:34:54 [Message] fib_1618 -> Chat: boy...is that chart still compressed!
2014-07-02 17:35:23 [Message] fib_1618 -> Chat: the Bond CEF A/D data this weekend should be very insightful
2014-07-02 17:35:32 [Message] fib_1618 -> Chat: anyway
2014-07-02 17:35:48 [Message] fib_1618 -> Chat: the XLU breadth MCSUM is finding it hard to move back above the +1250 level
2014-07-02 17:35:56 [Message] fib_1618 -> Chat: and with the hard reversal bar today in the chart
2014-07-02 17:36:15 [Message] fib_1618 -> Chat: let's look for more money to move out of this sector for the next couple of weeks
2014-07-02 17:36:21 [Message] fib_1618 -> Chat: and this usually means
2014-07-02 17:36:29 [Message] fib_1618 -> Chat: it will generally move into the XLI
2014-07-02 17:36:32 [Message] fib_1618 -> Chat: we'll see
2014-07-02 17:36:36 [Message] fib_1618 -> Chat: so...
2014-07-02 17:36:57 [Message] fib_1618 -> Chat: all of the sectors remain either choppy or streaking higher when compression patterns are released given that the majority of the market a bullish bias overall
2014-07-02 17:38:02 [Message] fib_1618 -> Chat: still nothing climactic in the CVI's
2014-07-02 17:38:11 [Message] fib_1618 -> Chat: and the STVO's and VTO's are showing very little change from yesterday
2014-07-02 17:38:36 [Message] fib_1618 -> Chat: so maybe we'll get something to work with tomorrow...but more than likely we're going to have to wait until Monday now
2014-07-02 17:38:54 [Message] fib_1618 -> Chat: NYSE TRIN at .65
2014-07-02 17:39:02 [Message] fib_1618 -> Chat: so we had some short covering there today
2014-07-02 17:39:17 [Message] fib_1618 -> Chat: Open 10 at 1.08
2014-07-02 17:39:21 [Message] fib_1618 -> Chat: so still "oversold"
2014-07-02 17:39:46 [Message] fib_1618 -> Chat: and this will help keep prices from declining in any important way for the next week or so
2014-07-02 17:40:06 [Message] fib_1618 -> Chat: love the structure of these price charts
2014-07-02 17:40:21 [Message] fib_1618 -> Chat: NASDAQ TRIN at .82
2014-07-02 17:40:33 [Message] fib_1618 -> Chat: Open 10 at .85
2014-07-02 17:40:38 [Message] fib_1618 -> Chat: no real change from yesterday
2014-07-02 17:40:58 [Message] fib_1618 -> Chat: TM TRIN at .72
2014-07-02 17:41:14 [Message] fib_1618 -> Chat: Open 10 at .93
2014-07-02 17:41:20 [Message] fib_1618 -> Chat: so....
2014-07-02 17:41:41 [Message] fib_1618 -> Chat: the bulls continue to control the ball in the bear's side of the field
2014-07-02 17:41:52 [Message] fib_1618 -> Chat: 2nd down, and 7
2014-07-02 17:41:54 [Message] fib_1618 -> Chat: [smile]
2014-07-02 17:42:00 [Message] fib_1618 -> Chat: it's theirs to lose
2014-07-02 17:42:13 [Message] fib_1618 -> Chat: but the buyers should continue to push toward the goal line
2014-07-02 17:42:29 [Message] fib_1618 -> Chat: let me check the BETS
2014-07-02 17:42:32 [Message] fib_1618 -> Chat: one moment
2014-07-02 17:43:11 [Message] PrincelyM -> Chat: Hey Dave - when you get time, can you explain the TRIN a little bit more. Cant seem to get my head around it
2014-07-02 17:43:44 [Message] fib_1618 -> Chat: oh...and if you didn't catch it
2014-07-02 17:43:57 [Message] fib_1618 -> Chat: Canada's TSX index moved to new all time highs last week
2014-07-02 17:44:08 [Message] fib_1618 -> Chat: BETS is back to a +90
2014-07-02 17:44:15 [Message] fib_1618 -> Chat: "Strong Buy"
2014-07-02 17:44:48 [Message] fib_1618 -> Chat: the TRIN measures any imbalances in volume compared to the amount of breadth that's available for investment
2014-07-02 17:45:14 [Message] fib_1618 -> Chat: if we see too much up volume without the benefit of a broad participation
2014-07-02 17:45:58 [Message] PrincelyM -> Chat: I mean the readings - you mention extremes - that's what I am interested in
2014-07-02 17:46:05 [Message] fib_1618 -> Chat: it suggests that the more highly weighted stocks are either being sold or bought because of their weighting in the primary instruments that include options and futures
2014-07-02 17:46:16 [Message] fib_1618 -> Chat: .90 is neutral
2014-07-02 17:46:21 [Message] fib_1618 -> Chat: where there is balance
2014-07-02 17:46:22 [Message] PrincelyM -> Chat: ok
2014-07-02 17:46:35 [Message] rite01 -> Chat: Open 10 stands for?
2014-07-02 17:46:35 [Message] fib_1618 -> Chat: anything above 1.00 usually means that we are "oversold"
2014-07-02 17:46:40 [Message] fib_1618 -> Chat: but these days
2014-07-02 17:46:50 [Message] fib_1618 -> Chat: with the increased amount of issues that trade on the NYSE
2014-07-02 17:47:18 [Message] fib_1618 -> Chat: we tend to get better tradable capitulations when we get above 1.10 on the NYSE Open 10
2014-07-02 17:47:23 [Message] fib_1618 -> Chat: on the daily level
2014-07-02 17:47:33 [Message] fib_1618 -> Chat: it's anything above 2.00
2014-07-02 17:47:40 [Message] fib_1618 -> Chat: on the "overbought" side
2014-07-02 17:47:48 [Message] fib_1618 -> Chat: the classic number is .80 or above
2014-07-02 17:48:04 [Message] PrincelyM -> Chat: I think we recently got something like that
2014-07-02 17:48:12 [Message] fib_1618 -> Chat: with the NASDAQ allowance to around .70 on the Open 10
2014-07-02 17:48:12 [Message] PrincelyM -> Chat: capitulation
2014-07-02 17:48:16 [Message] fib_1618 -> Chat: yes
2014-07-02 17:48:29 [Message] fib_1618 -> Chat: we had a 2.00+ reading on the NYSE TRIN last week
2014-07-02 17:48:33 [Message] PrincelyM -> Chat: yep
2014-07-02 17:48:37 [Message] fib_1618 -> Chat: I think it was Tuesday
2014-07-02 17:48:40 [Message] PrincelyM -> Chat: yes
2014-07-02 17:48:50 [Message] fib_1618 -> Chat: it was the day in which we had what some called a "key reversal"
2014-07-02 17:48:53 [Message] fib_1618 -> Chat: [smile]
2014-07-02 17:48:58 [Message] PrincelyM -> Chat: yes, yes exactly
2014-07-02 17:49:00 [Message] PrincelyM -> Chat: [biggrin]
2014-07-02 17:49:04 [Message] fib_1618 -> Chat: but it was our slip and fall day
2014-07-02 17:49:22 [Message] fib_1618 -> Chat: knowing that the TRIN hit over 2.00
2014-07-02 17:49:26 [Message] PrincelyM -> Chat: that's what got me interested in it
2014-07-02 17:49:35 [Message] fib_1618 -> Chat: helped us to remain on the buy side of that equation and not that of a trend reversal
2014-07-02 17:49:50 [Message] fib_1618 -> Chat: the better tool though is the Open 10
2014-07-02 17:49:58 [Message] fib_1618 -> Chat: as we have seen so many times before
2014-07-02 17:50:04 [Message] fib_1618 -> Chat: when it gets above 1.15
2014-07-02 17:50:28 [Message] fib_1618 -> Chat: it become extremely difficult for the sellers to mount up anything more than a 1 or 2 day downside event
2014-07-02 17:50:38 [Message] fib_1618 -> Chat: as there is so much of an imbalance
2014-07-02 17:51:01 [Message] fib_1618 -> Chat: that the market has pretty much seen the willing and unwilling sellers capitulate
2014-07-02 17:51:12 [Message] fib_1618 -> Chat: especially if there's a news story that goes along with numbers like this
2014-07-02 17:51:32 [Message] fib_1618 -> Chat: the markets can only trend one way or the other if there are no near term imbalances
2014-07-02 17:51:37 [Message] fib_1618 -> Chat: that is to say
2014-07-02 17:51:46 [Message] fib_1618 -> Chat: if we see too much, too fast
2014-07-02 17:51:55 [Message] fib_1618 -> Chat: we tend to "blow the engine"
2014-07-02 17:52:06 [Message] PrincelyM -> Chat: OK
2014-07-02 17:52:18 [Message] fib_1618 -> Chat: and we GET a cut off of fuel
2014-07-02 17:52:26 [Message] fib_1618 -> Chat: now...
2014-07-02 17:52:40 [Message] fib_1618 -> Chat: when the levels of fuel are as vast as they are right now
2014-07-02 17:53:02 [Message] fib_1618 -> Chat: it's very difficult for prices to sag even if they are deemed "overbought"
2014-07-02 17:53:42 [Message] fib_1618 -> Chat: as it takes time for this same fuel, and then the momentum created by this same fuel, to die off enough to where the forward progress of prices can actually start to decay
2014-07-02 17:53:50 [Message] PrincelyM -> Chat: OK
2014-07-02 17:53:52 [Message] fib_1618 -> Chat: this is why we usually see rounding tops when stocks peak
2014-07-02 17:54:09 [Message] PrincelyM -> Chat: i need to do more reading and research on this
2014-07-02 17:54:10 [Message] fib_1618 -> Chat: it's sort of like shooting off one of those water rockets
2014-07-02 17:54:24 [Message] fib_1618 -> Chat: it will continue it's thrust higher until it runs out of water
2014-07-02 17:54:27 [Message] PrincelyM -> Chat: wasn't paying much attention to TRIN
2014-07-02 17:54:35 [Message] fib_1618 -> Chat: it then arches at its apex, and then moves back to Earth
2014-07-02 17:55:11 [Message] fib_1618 -> Chat: there must be a reason why we usually focus on the TRIN, the OBV indicators and the McClellan's [smile]
2014-07-02 17:55:22 [Message] fib_1618 -> Chat: and really nothing else
2014-07-02 17:55:24 [Message] fib_1618 -> Chat: and still
2014-07-02 17:55:25 [Message] PrincelyM -> Chat: yep
2014-07-02 17:55:33 [Message] rite01 -> Chat: what's the Open 10?
2014-07-02 17:55:40 [Message] fib_1618 -> Chat: we have, day in and day out, a pretty good blueprint that works
2014-07-02 17:55:51 [Message] fib_1618 -> Chat: the Open 10 is the 10 day smoothing average of the daily TRIN numbers
2014-07-02 17:56:17 [Message] rite01 -> Chat: [smile]
2014-07-02 17:56:43 [Message] PrincelyM -> Chat: one more thing - on GOLD - what is your VST view? I did understand your IT view on back and fill...asking more short term as I have positions there...which are in real good profit. Unsure whether to take profits or let it run.
2014-07-02 17:56:54 [Message] fib_1618 -> Chat: OK...let me give you a better summary of the TRIN
2014-07-02 17:58:55 [Message] fib_1618 -> Chat: the TRIN shows the relationship between the number of stocks (A/D breadth) that increase or decrease in price and the volume associated with these same stocks that increase of decrease in price (A/D volume)
2014-07-02 17:59:15 [Message] fib_1618 -> Chat: in essence then
2014-07-02 17:59:34 [Message] fib_1618 -> Chat: it shows whether volume is flowing into advancing or declining stocks
2014-07-02 17:59:46 [Message] fib_1618 -> Chat: if it gets too frothy
2014-07-02 17:59:56 [Message] fib_1618 -> Chat: then we have climactic behavior
2014-07-02 18:00:12 [Message] fib_1618 -> Chat: let me look at the gold chart - one sec
2014-07-02 18:00:45 [Message] PrincelyM -> Chat: i felt it's a toss up - no pressure Dave - just wanted your thoughts....that's all
2014-07-02 18:00:49 [Message] fib_1618 -> Chat: well...it's finally trading above its 200 day EMA
2014-07-02 18:00:57 [Message] fib_1618 -> Chat: no pressure here
2014-07-02 18:01:03 [Message] PrincelyM -> Chat: I mean toss up in sense - taking profits or letting it run
2014-07-02 18:01:04 [Message] fib_1618 -> Chat: more than happy to give an opinion
2014-07-02 18:01:11 [Message] fib_1618 -> Chat: at this point
2014-07-02 18:01:17 [Message] fib_1618 -> Chat: as long as the internals continue to improve
2014-07-02 18:01:29 [Message] PrincelyM -> Chat: ok
2014-07-02 18:01:36 [Message] fib_1618 -> Chat: and the price action remains above the 20/50/200 daily EMA's
2014-07-02 18:01:41 [Message] fib_1618 -> Chat: you can accumulate on an intermediate term basis
2014-07-02 18:01:50 [Message] fib_1618 -> Chat: right now
2014-07-02 18:01:50 [Message] PrincelyM -> Chat: ok
2014-07-02 18:02:06 [Message] fib_1618 -> Chat: you still don't have a bullish configuration
2014-07-02 18:02:12 [Message] fib_1618 -> Chat: but the 20 is leading the 50
2014-07-02 18:02:17 [Message] fib_1618 -> Chat: but both of these EMA's are below the 200
2014-07-02 18:02:31 [Message] fib_1618 -> Chat: until all three are in proper configuration
2014-07-02 18:02:37 [Message] PrincelyM -> Chat: I am playing option spreads so as to keep the risk low. So risk is low and reward is high...
2014-07-02 18:02:38 [Message] fib_1618 -> Chat: there are better bets out there
2014-07-02 18:02:42 [Message] PrincelyM -> Chat: well in the money now
2014-07-02 18:02:46 [Message] fib_1618 -> Chat: OK..in that case
2014-07-02 18:02:50 [Message] fib_1618 -> Chat: butterfly
2014-07-02 18:03:04 [Message] fib_1618 -> Chat: the trend right now is sideways..back and fill
2014-07-02 18:03:08 [Message] fib_1618 -> Chat: sell calls
2014-07-02 18:03:09 [Message] PrincelyM -> Chat: hmmn ok
2014-07-02 18:03:20 [Message] fib_1618 -> Chat: and insure yourself with puts
2014-07-02 18:03:23 [Message] PrincelyM -> Chat: thanks for your input
2014-07-02 18:03:28 [Message] PrincelyM -> Chat: yep
2014-07-02 18:03:30 [Message] fib_1618 -> Chat: don't know if I would do naked calls though
2014-07-02 18:03:30 [Message] PrincelyM -> Chat: thanks
2014-07-02 18:03:34 [Message] PrincelyM -> Chat: no
2014-07-02 18:03:36 [Message] PrincelyM -> Chat: never
2014-07-02 18:03:37 [Message] fib_1618 -> Chat: OK
2014-07-02 18:03:40 [Message] PrincelyM -> Chat: lol
2014-07-02 18:03:44 [Message] fib_1618 -> Chat: [smile]
2014-07-02 18:03:46 [Message] PrincelyM -> Chat: not right now anyways
2014-07-02 18:04:00 [Message] fib_1618 -> Chat: did you see the daily gold chart I posted this past weekend?
2014-07-02 18:04:04 [Message] PrincelyM -> Chat: Yes
2014-07-02 18:04:09 [Message] PrincelyM -> Chat: of course
2014-07-02 18:04:10 [Message] fib_1618 -> Chat: that's your cue
2014-07-02 18:04:13 [Message] fib_1618 -> Chat: and clue
2014-07-02 18:04:16 [Message] fib_1618 -> Chat: that we're basing
2014-07-02 18:04:17 [Message] PrincelyM -> Chat: ok
2014-07-02 18:04:20 [Message] PrincelyM -> Chat: yes
2014-07-02 18:04:31 [Message] fib_1618 -> Chat: some might believe it's a continuation triangle
2014-07-02 18:04:41 [Message] fib_1618 -> Chat: but as long as the internals continue to improve here
2014-07-02 18:04:46 [Message] fib_1618 -> Chat: then it's likely basing
2014-07-02 18:04:51 [Message] PrincelyM -> Chat: ok
2014-07-02 18:05:03 [Message] fib_1618 -> Chat: and I'm still friendly to an August buy point
2014-07-02 18:16:37 [Message] PrincelyM -> Chat: thanks again
2014-07-02 18:16:44 [Message] PrincelyM -> Chat: I am making money
2014-07-02 18:16:51 [Message] fib_1618 -> Chat: that's great to hear!
2014-07-02 18:16:55 [Message] fib_1618 -> Chat: that makes me very happy
2014-07-02 18:17:04 [Message] fib_1618 -> Chat: anything else?
2014-07-02 18:17:07 [Message] PrincelyM -> Chat: Had my best month this June
2014-07-02 18:17:11 [Message] PrincelyM -> Chat: nothing else
2014-07-02 18:17:14 [Message] fib_1618 -> Chat: that's super!
2014-07-02 18:17:19 [Message] fib_1618 -> Chat: congratulations!
2014-07-02 18:17:20 [Message] PrincelyM -> Chat: have a good night
2014-07-02 18:17:23 [Message] PrincelyM -> Chat: thanks
2014-07-02 18:17:40 [Message] fib_1618 -> Chat: and as you gain more confidence
2014-07-02 18:17:56 [Message] PrincelyM -> Chat: Definitely a great portion of the success has to be attributed to your coaching
2014-07-02 18:18:04 [Message] PrincelyM -> Chat: that's all I have to say
2014-07-02 18:18:04 [Message] fib_1618 -> Chat: you can then read a message board, or hear a commentary, and still it won't affect your trading blueprint
2014-07-02 18:18:06 [Message] PrincelyM -> Chat: [smile]
2014-07-02 18:18:14 [Message] fib_1618 -> Chat: you're very kind
2014-07-02 18:18:22 [Message] fib_1618 -> Chat: but YOU have to do the work...so give yourself the credit as well
2014-07-02 18:18:24 [Message] rite01 -> Chat: 2nd that
2014-07-02 18:18:35 [Message] fib_1618 -> Chat: I am just a mere conduit
2014-07-02 18:18:37 [Message] PrincelyM -> Chat: It is the truth
2014-07-02 18:18:43 [Message] fib_1618 -> Chat: you're very kind
2014-07-02 18:18:46 [Message] fib_1618 -> Chat: thank you
2014-07-02 18:18:51 [Message] fib_1618 -> Chat: OK...if there's nothing else
2014-07-02 18:18:52 [Message] PrincelyM -> Chat: [smile]
2014-07-02 18:18:58 [Message] fib_1618 -> Chat: I'm going to scoot
2014-07-02 18:19:03 [Message] PrincelyM -> Chat: bye...sorry for keeping you late
2014-07-02 18:19:05 [Message] fib_1618 -> Chat: everyone have a super duper weekend
2014-07-02 18:19:10 [Message] PrincelyM -> Chat: you too
2014-07-02 18:19:11 [Message] fib_1618 -> Chat: not a problem my friend
2014-07-02 18:19:17 [Message] rite01 -> Chat: Have a Happy and safe 4th
2014-07-02 18:19:18 [Message] fib_1618 -> Chat: and we'll do this all again next Tuesday
2014-07-02 18:19:20 [Message] fib_1618 -> Chat: good night

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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

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