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


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

Sign up Calendar Latest Topics
 
 
 


Reply
  Author   Comment  
fib_1618

Moderator
Registered:
Posts: 4,865
Reply with quote  #1 
2014-07-22 16:00:05 [Message] fib_1618 -> Chat: good day
2014-07-22 16:00:08 [Message] fib_1618 -> Chat: how is everyone?
2014-07-22 16:00:16 [Message] thespookyone -> Chat: Fine, and you?
2014-07-22 16:00:24 [Message] unc1998 -> Chat: doing fine...hope you are!
2014-07-22 16:01:02 [Message] fib_1618 -> Chat: doing great...thanks for asking
2014-07-22 16:03:11 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2014-07-22 16:03:46 [Message] thespookyone -> Chat: Pretty choppy...
2014-07-22 16:04:02 [Message] unc1998 -> Chat: Expanded flat B wave for SPX?
2014-07-22 16:04:27 [Message] fib_1618 -> Chat: I'll take a look as we go over the data
2014-07-22 16:04:34 [Message] fib_1618 -> Chat: the market is split right now
2014-07-22 16:04:38 [Message] unc1998 -> Chat: thx
2014-07-22 16:04:39 [Message] fib_1618 -> Chat: with the larger caps
2014-07-22 16:04:48 [Message] fib_1618 -> Chat: playing to one drummer
2014-07-22 16:04:57 [Message] fib_1618 -> Chat: and the small caps going with another
2014-07-22 16:04:59 [Message] fib_1618 -> Chat: overall
2014-07-22 16:05:10 [Message] fib_1618 -> Chat: there is so much upside momentum that still needs to be worked off
2014-07-22 16:05:24 [Message] fib_1618 -> Chat: that we can continue to go above 2000 SPX before we have another reset
2014-07-22 16:05:45 [Message] fib_1618 -> Chat: so for those who are myopic and looking only at one area of market analysis
2014-07-22 16:05:56 [Message] fib_1618 -> Chat: they may continue to point to there as being a problem
2014-07-22 16:06:13 [Message] fib_1618 -> Chat: but the rest of the market is still rising under it's own fuel
2014-07-22 16:06:24 [Message] fib_1618 -> Chat: this is a learning experience for all
2014-07-22 16:06:39 [Message] fib_1618 -> Chat: as we have never been under such conditions
2014-07-22 16:06:55 [Message] fib_1618 -> Chat: this is why it's far better to sit on your hands and buy selectively
2014-07-22 16:07:08 [Message] fib_1618 -> Chat: than to pretend that there's some sort of topping action
2014-07-22 16:07:25 [Message] fib_1618 -> Chat: and then find out that you made a mistake
2014-07-22 16:09:24 [Message] fib_1618 -> Chat: OK...let's get SC up and get started
2014-07-22 16:10:00 [Message] fib_1618 -> Chat: after taking out our resistance points from early July on Friday
2014-07-22 16:10:14 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO moved to higher highs today
2014-07-22 16:10:29 [Message] fib_1618 -> Chat: which solidifies that a price bottom has been hammered out
2014-07-22 16:10:53 [Message] fib_1618 -> Chat: looking at the components
2014-07-22 16:11:07 [Message] fib_1618 -> Chat: and we see that the 10% Trend also moved to higher highs today
2014-07-22 16:11:13 [Message] fib_1618 -> Chat: and settled back above its zero line
2014-07-22 16:11:39 [Message] fib_1618 -> Chat: leaving both the 10% and the MCO itself with a complex bottoming formation
2014-07-22 16:12:52 [Message] fib_1618 -> Chat: this latest series of higher lows has now slowed the decline of the NYSE CO breadth MCSUM
2014-07-22 16:13:16 [Message] fib_1618 -> Chat: bringing it within 120 data points of its next downside objective of the +250 level
2014-07-22 16:13:30 [Message] fib_1618 -> Chat: and more importantly
2014-07-22 16:13:39 [Message] fib_1618 -> Chat: when we look at the 21 day close up chart of this MCSUM
2014-07-22 16:13:54 [Message] fib_1618 -> Chat: we can see that after the sellers pumped their muscles last Thursday
2014-07-22 16:14:07 [Message] fib_1618 -> Chat: we have seen very little follow through on this technical break
2014-07-22 16:14:34 [Message] fib_1618 -> Chat: this would suggest that there still isn't enough sellers to push prices in their direction
2014-07-22 16:14:51 [Message] fib_1618 -> Chat: either by correction or by trend
2014-07-22 16:15:11 [Message] fib_1618 -> Chat: so the near term expectation is for a full snapback now to the NYSE CO MCO zero line
2014-07-22 16:15:23 [Message] fib_1618 -> Chat: and from there we should see some consolidation
2014-07-22 16:15:34 [Message] fib_1618 -> Chat: which would then provide us with a probable ledge formation in the NYSE CO breadth MCSUM
2014-07-22 16:15:55 [Message] fib_1618 -> Chat: and then one more swift shake out lower to fully cleanse the system...probably next week
2014-07-22 16:16:00 [Message] rite01 -> Chat: MCSUM even looks like it trying to turn
2014-07-22 16:16:27 [Message] fib_1618 -> Chat: it will turn when the MCO moves back above its zero line
2014-07-22 16:16:38 [Message] rite01 -> Chat: Right
2014-07-22 16:16:53 [Message] fib_1618 -> Chat: remember that the individual postings are based on the daily value of the MCO itself
2014-07-22 16:17:09 [Message] fib_1618 -> Chat: the MCO measuring the acceleration of money
2014-07-22 16:17:32 [Message] fib_1618 -> Chat: while the MCSUM provides a simple way of understanding the distance this same acceleration is likely to travel
2014-07-22 16:17:42 [Message] fib_1618 -> Chat: so...in this instance
2014-07-22 16:18:03 [Message] fib_1618 -> Chat: the CO MCO has a reading today of -14
2014-07-22 16:18:13 [Message] fib_1618 -> Chat: where yesterday it was at a -42
2014-07-22 16:18:18 [Message] fib_1618 -> Chat: this would be like saying
2014-07-22 16:18:36 [Message] fib_1618 -> Chat: that yesterday you were going 42 mph in your car
2014-07-22 16:18:46 [Message] fib_1618 -> Chat: and today you've slowed this forward motion to 14 mph
2014-07-22 16:19:08 [Message] fib_1618 -> Chat: this then provides us with the velocity in which money is either moving in or moving out
2014-07-22 16:19:13 [Message] rite01 -> Chat: Right.  I like the mph example
2014-07-22 16:19:16 [Message] fib_1618 -> Chat: if money slows in one direction
2014-07-22 16:19:22 [Message] fib_1618 -> Chat: then prices are likely to stall
2014-07-22 16:19:31 [Message] fib_1618 -> Chat: as money leads the direction of prices
2014-07-22 16:19:56 [Message] fib_1618 -> Chat: if there is no forward motion when you step on the accelerator pedal
2014-07-22 16:20:00 [Message] fib_1618 -> Chat: you will start to coast
2014-07-22 16:20:07 [Message] fib_1618 -> Chat: and then eventually stall
2014-07-22 16:20:32 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2014-07-22 16:20:37 [Message] fib_1618 -> Chat: and unlike the CO MCO
2014-07-22 16:20:48 [Message] fib_1618 -> Chat: it had not moved above its previous highs on Friday
2014-07-22 16:21:10 [Message] fib_1618 -> Chat: which left the market open to some further probing on Monday
2014-07-22 16:21:19 [Message] fib_1618 -> Chat: and so it found buyer support
2014-07-22 16:21:35 [Message] fib_1618 -> Chat: and that led to these same buyers to overwhelm the sellers wall of resistance
2014-07-22 16:21:39 [Message] fib_1618 -> Chat: and we broke above that today
2014-07-22 16:21:59 [Message] fib_1618 -> Chat: this, of course, now helps in confirming that an important price low is now in place on the NYA
2014-07-22 16:22:05 [Message] fib_1618 -> Chat: it can be challenged
2014-07-22 16:22:09 [Message] fib_1618 -> Chat: but if it's broken
2014-07-22 16:22:19 [Message] fib_1618 -> Chat: it can only do so if we get lower MCO readings
2014-07-22 16:22:34 [Message] fib_1618 -> Chat: now...at the same time
2014-07-22 16:22:55 [Message] fib_1618 -> Chat: this doesn't, as yet, cancel any of the downside targets that were given by the MCO last Thursday
2014-07-22 16:23:23 [Message] fib_1618 -> Chat: that would only happen if we see the MCO move back above its starting point from where the latest decline began
2014-07-22 16:23:30 [Message] fib_1618 -> Chat: and that would be the first of this month
2014-07-22 16:23:38 [Message] rite01 -> Chat: OK
2014-07-22 16:23:43 [Message] fib_1618 -> Chat: so until this point is taken out
2014-07-22 16:24:07 [Message] fib_1618 -> Chat: it's an important price low from where we can measure future divergences in the price pattern
2014-07-22 16:24:24 [Message] fib_1618 -> Chat: but it may not be the key low from where prices can, once again, begin to trend
2014-07-22 16:25:05 [Message] fib_1618 -> Chat: what this also does is that it also reaffirms the trading range that was our expectation back at the beginning of the month
2014-07-22 16:25:13 [Message] fib_1618 -> Chat: and we can now see this formation being traced out
2014-07-22 16:25:20 [Message] rite01 -> Chat: Getting Clearer...
2014-07-22 16:25:40 [Message] fib_1618 -> Chat: while others were looking for tops and new trends to downside to begin
2014-07-22 16:25:53 [Message] fib_1618 -> Chat: the internals were again right in what they showed can actually take place
2014-07-22 16:26:12 [Message] fib_1618 -> Chat: and why this information is so important
2014-07-22 16:26:37 [Message] fib_1618 -> Chat: as it gives you that added confidence of where we're likely are in the pattern at any given time
2014-07-22 16:26:55 [Message] fib_1618 -> Chat: now...
2014-07-22 16:27:11 [Message] fib_1618 -> Chat: although we also have a complex bottoming formation in the NYSE breadth MCO right now
2014-07-22 16:27:34 [Message] rite01 -> Chat: Thanks
2014-07-22 16:27:54 [Message] fib_1618 -> Chat: last weeks failure to move above recent highs did push the NYSE breadth MCSUM below its April lows
2014-07-22 16:28:03 [Message] fib_1618 -> Chat: which is what we expected after last weeks trendline break
2014-07-22 16:28:29 [Message] fib_1618 -> Chat: now..if we do continue to snapback toward the zero line near term
2014-07-22 16:28:59 [Message] fib_1618 -> Chat: this would, of course, show a pause in the downside momentum of the NYSE breadth MCSUM right at these same April lows
2014-07-22 16:29:09 [Message] fib_1618 -> Chat: and from that...one of two things are likely to happen
2014-07-22 16:29:41 [Message] fib_1618 -> Chat: one...we could find support and provide a second bottom to match the pair or tops seen in the MCSUM
2014-07-22 16:29:59 [Message] fib_1618 -> Chat: which would then provide a sideways range in this tool
2014-07-22 16:30:06 [Message] fib_1618 -> Chat: very much like we've had in the Dow breadth MCSUM
2014-07-22 16:30:12 [Message] fib_1618 -> Chat: and if that were to occur
2014-07-22 16:30:53 [Message] fib_1618 -> Chat: this would provide a powerful base of money flow that could propel prices to even higher highs without the need for further "thrusts" from the sidelines
2014-07-22 16:31:08 [Message] fib_1618 -> Chat: the flip side of the coin here
2014-07-22 16:31:15 [Message] fib_1618 -> Chat: says that we break below the April lows
2014-07-22 16:31:45 [Message] fib_1618 -> Chat: and then go about the process of doing a good cleansing in working off our "overbought" trend of money flow
2014-07-22 16:32:02 [Message] fib_1618 -> Chat: from where an even more stronger advance can then be provided
2014-07-22 16:32:08 [Message] fib_1618 -> Chat: either way
2014-07-22 16:32:33 [Message] fib_1618 -> Chat: with our having the last top in the NYSE MCSUM matching that of March
2014-07-22 16:33:11 [Message] fib_1618 -> Chat: it's going to take several more months of divergent highs in the NYSE breadth MCSUM to make any kind of real difference as to the intermediate to longer term direction of stock prices overall
2014-07-22 16:33:17 [Message] fib_1618 -> Chat: as an historical example
2014-07-22 16:33:21 [Message] fib_1618 -> Chat: if you look over the years
2014-07-22 16:33:49 [Message] fib_1618 -> Chat: you will note that just about every single major price top that we've had in prices over the last 80 plus years only came with a divergent NYSE breadth MCSUM
2014-07-22 16:34:03 [Message] fib_1618 -> Chat: and we don't have that now
2014-07-22 16:34:06 [Message] fib_1618 -> Chat: usually
2014-07-22 16:34:45 [Message] fib_1618 -> Chat: it will take a succession of around 3 declining tops before there's enough of a divergence created where a Summation Failure pattern can develop
2014-07-22 16:35:04 [Message] fib_1618 -> Chat: which helps propel the trigger of this new trend in prices
2014-07-22 16:35:15 [Message] fib_1618 -> Chat: back in the 2003-2007 period
2014-07-22 16:35:26 [Message] rite01 -> Chat: Awesome information! :)
2014-07-22 16:35:27 [Message] fib_1618 -> Chat: it was a succession of 5...
2014-07-22 16:35:31 [Message] fib_1618 -> Chat: let me check for sure...one sec
2014-07-22 16:36:14 [Message] fib_1618 -> Chat: it was 4 declining tops
2014-07-22 16:36:22 [Message] fib_1618 -> Chat: and then a standard MCSUM blow off in 2006
2014-07-22 16:36:29 [Message] fib_1618 -> Chat: and that was the exhaustion point of that rally
2014-07-22 16:36:31 [Message] fib_1618 -> Chat: of course
2014-07-22 16:36:40 [Message] fib_1618 -> Chat: many didn't see this coming until 2008
2014-07-22 16:36:58 [Message] fib_1618 -> Chat: as it does take around 16-18 months before these changes in direction really gain any traction
2014-07-22 16:37:22 [Message] fib_1618 -> Chat: and even if we take the current kick off action in 2009
2014-07-22 16:37:47 [Message] fib_1618 -> Chat: and decide that this is the 3rd succession top (after the one in 2013)
2014-07-22 16:38:09 [Message] fib_1618 -> Chat: we haven't, as yet, spent much in the way of time below the MCSUM zero line for it to really mean anything
2014-07-22 16:38:43 [Message] fib_1618 -> Chat: comparing this current formation with that of the mid 2000's will help bring this idea home
2014-07-22 16:39:30 [Message] fib_1618 -> Chat: this is one of the reasons why the market continues to be so buoyant in the face of so many geopolitical uncertainties
2014-07-22 16:40:08 [Message] fib_1618 -> Chat: and goes a long way in proving that events and problems only mean something IF liquidity levels are low enough for it to make a difference in prices
2014-07-22 16:40:15 [Message] fib_1618 -> Chat: let's see...
2014-07-22 16:40:19 [Message] fib_1618 -> Chat: we've had tsunami's
2014-07-22 16:40:25 [Message] fib_1618 -> Chat: we've had earthquakes
2014-07-22 16:40:39 [Message] fib_1618 -> Chat: we've had an entire continent falling apart in debt
2014-07-22 16:40:46 [Message] fib_1618 -> Chat: we've had warmongering
2014-07-22 16:40:51 [Message] fib_1618 -> Chat: we've had wars
2014-07-22 16:41:05 [Message] fib_1618 -> Chat: we've had economic uncertainties with fuel
2014-07-22 16:41:19 [Message] fib_1618 -> Chat: pushing prices well beyond what we've all been used to
2014-07-22 16:41:22 [Message] fib_1618 -> Chat: and STILL
2014-07-22 16:41:28 [Message] fib_1618 -> Chat: the market continues to plow higher
2014-07-22 16:41:44 [Message] fib_1618 -> Chat: as it anticipates the future result of all of what we already know
2014-07-22 16:41:51 [Message] fib_1618 -> Chat: look at earnings so far
2014-07-22 16:42:08 [Message] fib_1618 -> Chat: earnings in the SPX are now at all time highs
2014-07-22 16:42:39 [Message] fib_1618 -> Chat: so we guess the market knew what it was doing by also pushing prices of issues into these same all time high levels
2014-07-22 16:42:54 [Message] fib_1618 -> Chat: every decline is a top?
2014-07-22 16:42:59 [Message] fib_1618 -> Chat: nope
2014-07-22 16:43:05 [Message] fib_1618 -> Chat: it's an opportunity
2014-07-22 16:43:15 [Message] fib_1618 -> Chat: as long as money continues to support the price structures
2014-07-22 16:43:36 [Message] fib_1618 -> Chat: we can then expect higher prices as opposed to reversals in this same trend
2014-07-22 16:43:40 [Message] fib_1618 -> Chat: back to the charts
2014-07-22 16:44:11 [Message] fib_1618 -> Chat: oh...and since the NYSE components are both back above their zero lines
2014-07-22 16:44:18 [Message] fib_1618 -> Chat: and the MCO is still below its zero line
2014-07-22 16:44:24 [Message] fib_1618 -> Chat: we are back to a corrective state
2014-07-22 16:44:32 [Message] fib_1618 -> Chat: from where in the future
2014-07-22 16:44:56 [Message] fib_1618 -> Chat: we might look back to last Thursday as a simple capitulation point that was created by not one, but two news events
2014-07-22 16:45:12 [Message] fib_1618 -> Chat: and not that it was based on future economic activity (in spite of what we FEEL to be different)
2014-07-22 16:45:48 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO
2014-07-22 16:45:50 [Message] fib_1618 -> Chat: and here too
2014-07-22 16:46:06 [Message] fib_1618 -> Chat: we see that it also finally took out its resistance highs today
2014-07-22 16:46:24 [Message] fib_1618 -> Chat: helping to set a price floor at the 4360 level
2014-07-22 16:46:49 [Message] fib_1618 -> Chat: what's impressive though about this bottom
2014-07-22 16:47:01 [Message] fib_1618 -> Chat: is that it came as the NASDAQ breadth MCSUM moved down and through its zero line
2014-07-22 16:47:16 [Message] fib_1618 -> Chat: where one would figure that the sellers had taken control
2014-07-22 16:47:20 [Message] fib_1618 -> Chat: meanwhile
2014-07-22 16:47:28 [Message] fib_1618 -> Chat: they took as much control as they did
2014-07-22 16:47:51 [Message] fib_1618 -> Chat: before covering any shorts today which led to a nice gap to the upside in the NASDAQ Composite index
2014-07-22 16:48:20 [Message] fib_1618 -> Chat: looking at the components, however, and we see that the 10% Trend is lagging a bit here
2014-07-22 16:48:21 [Message] unc1998 -> Chat: do you think the NASDAQ MCSUM will find support at the downtrend line connecting  the Sept and Feb lows?
2014-07-22 16:48:50 [Message] fib_1618 -> Chat: at this point, it really is too early to say
2014-07-22 16:48:56 [Message] fib_1618 -> Chat: the problem now for the bears is simple
2014-07-22 16:49:10 [Message] fib_1618 -> Chat: they wrestled control from the buyers nicely on Thursday
2014-07-22 16:49:27 [Message] fib_1618 -> Chat: and this reflects the MCSUM zero line break
2014-07-22 16:49:28 [Message] fib_1618 -> Chat: but again
2014-07-22 16:49:29 [Message] fib_1618 -> Chat: so far
2014-07-22 16:49:37 [Message] fib_1618 -> Chat: no follow through is noted here
2014-07-22 16:49:41 [Message] fib_1618 -> Chat: so technically
2014-07-22 16:49:48 [Message] fib_1618 -> Chat: we should see a snapback to the MCSUM zero line
2014-07-22 16:49:56 [Message] fib_1618 -> Chat: and since there wasn't any near term follow through
2014-07-22 16:50:08 [Message] fib_1618 -> Chat: they may have a hard time just to get to the -250 level
2014-07-22 16:50:15 [Message] fib_1618 -> Chat: no less something like the -750 level
2014-07-22 16:50:18 [Message] fib_1618 -> Chat: now...
2014-07-22 16:50:24 [Message] fib_1618 -> Chat: if we look at the NAAD line today
2014-07-22 16:50:56 [Message] fib_1618 -> Chat: we see that it found initial resistance at its 200 day EMA on Friday
2014-07-22 16:51:11 [Message] fib_1618 -> Chat: fell away from this longer term trendline of resistance today
2014-07-22 16:51:15 [Message] unc1998 -> Chat: that downtrend line comes in at -200 right now
2014-07-22 16:51:19 [Message] fib_1618 -> Chat: and then broke back above it today
2014-07-22 16:51:35 [Message] fib_1618 -> Chat: checking...you said September and February?
2014-07-22 16:51:38 [Message] unc1998 -> Chat: yes
2014-07-22 16:52:20 [Message] fib_1618 -> Chat: I see that the NASDAQ breadth MCSUM moved to a low reading of around -600 in May
2014-07-22 16:52:43 [Message] fib_1618 -> Chat: maybe you're referring to a different chart?
2014-07-22 16:53:27 [Message] unc1998 -> Chat: I am just applying a downtrend line that touches both of those lows in Sept and May....excluding the low made in May
2014-07-22 16:53:37 [Message] fib_1618 -> Chat: let me look again
2014-07-22 16:53:38 [Message] unc1998 -> Chat: and Feb...sorry
2014-07-22 16:53:44 [Message] thespookyone -> Chat: why?
2014-07-22 16:53:48 [Message] rite01 -> Chat: Maybe NASDAQ 100?
2014-07-22 16:54:14 [Message] fib_1618 -> Chat: NDX is at +100...so no
2014-07-22 16:54:37 [Message] fib_1618 -> Chat: OH...I see what you're looking at
2014-07-22 16:54:42 [Message] unc1998 -> Chat: I was referring to the NASDAQ comp
2014-07-22 16:55:08 [Message] fib_1618 -> Chat: but since the NASDAQ breadth MCSUM moved to a lower low already in May thereby taking out those low points
2014-07-22 16:55:17 [Message] fib_1618 -> Chat: the February low tends not to be important anymore
2014-07-22 16:55:23 [Message] fib_1618 -> Chat: think of it like a reset
2014-07-22 16:55:35 [Message] fib_1618 -> Chat: every time you break a pattern of lows or highs
2014-07-22 16:55:54 [Message] fib_1618 -> Chat: it took that much more energy, money flow, to create this new violation
2014-07-22 16:56:08 [Message] fib_1618 -> Chat: with that violation comes a total reset to the pattern
2014-07-22 16:56:16 [Message] unc1998 -> Chat: OK gotcha  :)
2014-07-22 16:56:28 [Message] fib_1618 -> Chat: just like when the MCO breaks its horizontal or trendline support levels
2014-07-22 16:56:31 [Message] fib_1618 -> Chat: or even
2014-07-22 16:56:36 [Message] fib_1618 -> Chat: when prices do the same thing
2014-07-22 16:56:48 [Message] fib_1618 -> Chat: put it another way
2014-07-22 16:57:01 [Message] fib_1618 -> Chat: everything is important until it isn't  :)
2014-07-22 16:57:27 [Message] fib_1618 -> Chat: if we take too much time drawing lines with every single point of support or resistance
2014-07-22 16:57:57 [Message] fib_1618 -> Chat: it would be like looking in a forest and trying to pick out the right trees that show you the path out
2014-07-22 16:58:29 [Message] fib_1618 -> Chat: I'm always confused when I see chart presented that has every single area showing lines going one way and the other
2014-07-22 16:58:40 [Message] rite01 -> Chat: been there
2014-07-22 16:58:49 [Message] fib_1618 -> Chat: it's like putting 20 different time period moving averages on a simple price chart
2014-07-22 16:58:54 [Message] fib_1618 -> Chat: there's just too much going on
2014-07-22 16:59:10 [Message] fib_1618 -> Chat: and then you get to a point of trying to figure out which line or ma is the right one?
2014-07-22 16:59:19 [Message] fib_1618 -> Chat: and then when it happens to turn on one
2014-07-22 16:59:26 [Message] fib_1618 -> Chat: you think to yourself...
2014-07-22 16:59:31 [Message] fib_1618 -> Chat: "see...I was right!"
2014-07-22 16:59:54 [Message] fib_1618 -> Chat: keep it simple and allow the market to dictate what it wants to do
2014-07-22 16:59:57 [Message] fib_1618 -> Chat: and in doing this
2014-07-22 17:00:06 [Message] fib_1618 -> Chat: you measure the amount of fuel being used
2014-07-22 17:00:12 [Message] fib_1618 -> Chat: and at what speed
2014-07-22 17:00:20 [Message] fib_1618 -> Chat: and you can then determine an expectation
2014-07-22 17:00:30 [Message] unc1998 -> Chat: Thx
2014-07-22 17:00:31 [Message] fib_1618 -> Chat: and you go with it until....it doesn't mean anything
2014-07-22 17:00:37 [Message] fib_1618 -> Chat: now
2014-07-22 17:00:53 [Message] fib_1618 -> Chat: if we connect the September and May bottoms
2014-07-22 17:00:56 [Message] fib_1618 -> Chat: and extend that line out
2014-07-22 17:01:11 [Message] fib_1618 -> Chat: it would take something highly irregular to reach this point
2014-07-22 17:01:16 [Message] fib_1618 -> Chat: simply because
2014-07-22 17:01:25 [Message] unc1998 -> Chat: Don't think that is going to happen  :)
2014-07-22 17:01:32 [Message] fib_1618 -> Chat: the market itself is not moving in unison in this same direction
2014-07-22 17:01:54 [Message] fib_1618 -> Chat: today is a good example
2014-07-22 17:02:09 [Message] fib_1618 -> Chat: the large caps continue to show their resilience here
2014-07-22 17:02:16 [Message] fib_1618 -> Chat: and as long as they do
2014-07-22 17:02:34 [Message] fib_1618 -> Chat: this will keep sellers from piling on in other areas and other baskets of issues
2014-07-22 17:02:39 [Message] fib_1618 -> Chat: selling drys up
2014-07-22 17:02:55 [Message] fib_1618 -> Chat: the buyers start to show imbalance to their side
2014-07-22 17:03:09 [Message] fib_1618 -> Chat: and since the large caps are still above the +500 levels in their MCSUM's
2014-07-22 17:03:28 [Message] fib_1618 -> Chat: any kind of scratch will make prices jump more easily than they would decay
2014-07-22 17:03:45 [Message] fib_1618 -> Chat: markets can only do what they're given to work with
2014-07-22 17:03:53 [Message] fib_1618 -> Chat: take away monetary support
2014-07-22 17:04:14 [Message] fib_1618 -> Chat: and prices will naturally decline to find a buyer who agrees with their opinion
2014-07-22 17:04:24 [Message] fib_1618 -> Chat: perfect example there is real estate
2014-07-22 17:04:34 [Message] fib_1618 -> Chat: you can decide how much a home is worth
2014-07-22 17:04:49 [Message] fib_1618 -> Chat: but until you find someone who agrees with you, you're not going to sell
2014-07-22 17:04:58 [Message] fib_1618 -> Chat: if demand is high
2014-07-22 17:05:03 [Message] fib_1618 -> Chat: you're likely to get your price
2014-07-22 17:05:05 [Message] fib_1618 -> Chat: and probably more
2014-07-22 17:05:23 [Message] fib_1618 -> Chat: if demand is low...then you're going have to think about lowering your expectation
2014-07-22 17:05:30 [Message] fib_1618 -> Chat: and so it goes here with stock prices
2014-07-22 17:06:03 [Message] fib_1618 -> Chat: the NDX breadth MCO continues to etch out a complex bottom
2014-07-22 17:06:37 [Message] fib_1618 -> Chat: but it also shows a bit of a challenge in moving above the July highs
2014-07-22 17:06:48 [Message] fib_1618 -> Chat: that could, should come tomorrow
2014-07-22 17:07:13 [Message] fib_1618 -> Chat: given that the more broadly based NASDAQ Composite has already accomplished this
2014-07-22 17:07:37 [Message] fib_1618 -> Chat: and so it won't be too surprising to see this MCO move back above its zero line with this same effort
2014-07-22 17:07:56 [Message] fib_1618 -> Chat: and...as we've expecting for 2 weeks now
2014-07-22 17:08:09 [Message] fib_1618 -> Chat: with the NDX breadth MCSUM still well above its +500 level
2014-07-22 17:08:27 [Message] fib_1618 -> Chat: the NDX is likely to then lead the more broadly based composite on any upside resolutions
2014-07-22 17:08:36 [Message] fib_1618 -> Chat: today...a gap to new recovery highs
2014-07-22 17:08:46 [Message] fib_1618 -> Chat: while the NASDAQ price action remains range bound
2014-07-22 17:09:07 [Message] fib_1618 -> Chat: and the only method you would had known that this was likely to happen is working with the McClellan tools
2014-07-22 17:09:33 [Message] fib_1618 -> Chat: another area of strength on the chart comes with the components
2014-07-22 17:09:41 [Message] fib_1618 -> Chat: as they not only remain above their zero line
2014-07-22 17:10:01 [Message] fib_1618 -> Chat: but they didn't come close to challenging this same zero line over the last couple of days
2014-07-22 17:10:16 [Message] fib_1618 -> Chat: keep in mind that the more extreme a MCSUM is
2014-07-22 17:10:49 [Message] fib_1618 -> Chat: the harder it is for those "in control" to show higher levels of breadth expansion in this same direction
2014-07-22 17:10:55 [Message] fib_1618 -> Chat: so when it's actually accomplished
2014-07-22 17:11:08 [Message] fib_1618 -> Chat: this is very important information as to the strength of that trend
2014-07-22 17:11:23 [Message] fib_1618 -> Chat: and from there the likely results that can be realized
2014-07-22 17:11:26 [Message] fib_1618 -> Chat: for example
2014-07-22 17:12:04 [Message] fib_1618 -> Chat: if there is enough buying or selling to push the MCSUM to a higher high or lower low point
2014-07-22 17:12:39 [Message] fib_1618 -> Chat: you can then decide that any higher or lower price targets that you get from other technical sources are likely to be met
2014-07-22 17:12:44 [Message] fib_1618 -> Chat: without this same information
2014-07-22 17:13:00 [Message] fib_1618 -> Chat: or not being able to move to higher or lower points in the structure
2014-07-22 17:13:22 [Message] fib_1618 -> Chat: then any near by points of price projection are only likely to be met before a possible turn might take place
2014-07-22 17:14:09 [Message] fib_1618 -> Chat: we're dealing with velocity and the amplitude that is created by this same speed in which money is either moving in or out
2014-07-22 17:14:12 [Message] fib_1618 -> Chat: nothing else matters
2014-07-22 17:14:16 [Message] fib_1618 -> Chat: only that it compliments this same information
2014-07-22 17:14:51 [Message] fib_1618 -> Chat: moving to the SPX breadth MCO
2014-07-22 17:15:06 [Message] fib_1618 -> Chat: and here we moved to higher highs today
2014-07-22 17:15:25 [Message] fib_1618 -> Chat: and are now within spitting distance of the SPX breadth MCO zero line
2014-07-22 17:15:27 [Message] fib_1618 -> Chat: now...
2014-07-22 17:15:35 [Message] fib_1618 -> Chat: with prices now challenging their all time highs
2014-07-22 17:15:56 [Message] fib_1618 -> Chat: we've been down this road before on what must happen in order for prices to not only move to higher highs, but to STAY there
2014-07-22 17:16:45 [Message] fib_1618 -> Chat: and here we have two declining tops lines that control this destiny
2014-07-22 17:17:03 [Message] fib_1618 -> Chat: the first is the one from the highs of early June and that of early July
2014-07-22 17:17:13 [Message] fib_1618 -> Chat: taking ruler to monitor here
2014-07-22 17:17:24 [Message] fib_1618 -> Chat: and we closed right at this line of negative influence
2014-07-22 17:17:43 [Message] fib_1618 -> Chat: so not only do we need an extra push to break above this simple trend line
2014-07-22 17:17:50 [Message] fib_1618 -> Chat: but in order to move above the zero line
2014-07-22 17:18:02 [Message] fib_1618 -> Chat: there must be even more of a push to do so
2014-07-22 17:18:09 [Message] fib_1618 -> Chat: if this is accomplished
2014-07-22 17:18:13 [Message] rite01 -> Chat: In the MCO?
2014-07-22 17:18:19 [Message] fib_1618 -> Chat: then new all time highs would be confirmed
2014-07-22 17:18:21 [Message] fib_1618 -> Chat: yes...the MCO
2014-07-22 17:18:25 [Message] fib_1618 -> Chat: now...to stay there
2014-07-22 17:18:49 [Message] fib_1618 -> Chat: we must close above the secondary tops that connect the middle of June and early July
2014-07-22 17:18:54 [Message] fib_1618 -> Chat: if that takes place
2014-07-22 17:19:00 [Message] fib_1618 -> Chat: then the consolidation is complete
2014-07-22 17:19:11 [Message] fib_1618 -> Chat: and the ongoing trend can continue
2014-07-22 17:19:21 [Message] fib_1618 -> Chat: so to answer the earlier Elliott question
2014-07-22 17:19:40 [Message] fib_1618 -> Chat: this is a "B" wave UNLESS the buyers come in and break this level of resistance
2014-07-22 17:19:49 [Message] fib_1618 -> Chat: if they fail to do so
2014-07-22 17:20:03 [Message] fib_1618 -> Chat: then another trip to test the recent lows is probable
2014-07-22 17:20:15 [Message] fib_1618 -> Chat: and, yes, if we do see a breakout
2014-07-22 17:20:18 [Message] fib_1618 -> Chat: it would leave behind a simple flat
2014-07-22 17:20:33 [Message] thespookyone -> Chat: If it was an irregular B, would be break the resistance?
2014-07-22 17:20:59 [Message] fib_1618 -> Chat: if we break the secondary resistance where prices can "stay there", no
2014-07-22 17:21:09 [Message] thespookyone -> Chat: thx
2014-07-22 17:21:12 [Message] fib_1618 -> Chat: looking at this another way
2014-07-22 17:21:27 [Message] fib_1618 -> Chat: if no break of the MCO trend...a complex correctional B
2014-07-22 17:21:38 [Message] fib_1618 -> Chat: if we break above the line from early June
2014-07-22 17:21:55 [Message] fib_1618 -> Chat: an irregular is possible as long as the mid June starting point is kept in check
2014-07-22 17:22:14 [Message] fib_1618 -> Chat: one is able to allow prices to move to new highs and then move lower to finish off the pattern
2014-07-22 17:22:17 [Message] thespookyone -> Chat: thx, good info
2014-07-22 17:22:23 [Message] unc1998 -> Chat: thx
2014-07-22 17:22:26 [Message] fib_1618 -> Chat: the other tells us that's all is needed at this time
2014-07-22 17:22:31 [Message] fib_1618 -> Chat: keep it simple
2014-07-22 17:22:43 [Message] fib_1618 -> Chat: remember too
2014-07-22 17:22:52 [Message] fib_1618 -> Chat: that if the secondary declining tops line is taken out
2014-07-22 17:22:58 [Message] rite01 -> Chat: ditto
2014-07-22 17:23:30 [Message] fib_1618 -> Chat: any downside targets that were given after we met the initial price targets on Thursday would then be cancelled as well
2014-07-22 17:23:50 [Message] fib_1618 -> Chat: now...
2014-07-22 17:24:05 [Message] fib_1618 -> Chat: we also know that the there are (were) problems with the small caps
2014-07-22 17:24:13 [Message] fib_1618 -> Chat: but knowing the market like we do
2014-07-22 17:24:24 [Message] fib_1618 -> Chat: it will do anything it can to keep the majority sitting on the fence
2014-07-22 17:24:29 [Message] fib_1618 -> Chat: we trade what we see
2014-07-22 17:24:38 [Message] fib_1618 -> Chat: not what we think or believe to be the case
2014-07-22 17:24:45 [Message] thespookyone -> Chat: secondary being the Feb to June line?
2014-07-22 17:24:49 [Message] fib_1618 -> Chat: kinda of goes under the heading that price is king
2014-07-22 17:25:14 [Message] fib_1618 -> Chat: well...that one isn't even in the picture "near term"
2014-07-22 17:25:22 [Message] fib_1618 -> Chat: right now
2014-07-22 17:25:26 [Message] fib_1618 -> Chat: it's probably better
2014-07-22 17:25:30 [Message] fib_1618 -> Chat: given all we know right now
2014-07-22 17:25:37 [Message] fib_1618 -> Chat: from the large caps leading higher
2014-07-22 17:25:50 [Message] fib_1618 -> Chat: to the BETS continuing to show a "BUY"
2014-07-22 17:26:21 [Message] fib_1618 -> Chat: that the angle of ascent is still high enough to where it's going to take a lot of time for this to break down
2014-07-22 17:26:37 [Message] fib_1618 -> Chat: no follow through from Thursday's seemingly technical breakdown
2014-07-22 17:27:07 [Message] fib_1618 -> Chat: we have to, therefore, follow the path of least resistance until PROVEN otherwise
2014-07-22 17:27:10 [Message] fib_1618 -> Chat: again
2014-07-22 17:27:34 [Message] fib_1618 -> Chat: we also discussed the simplicity of an Elliott flat 2 weeks ago
2014-07-22 17:27:43 [Message] fib_1618 -> Chat: and though we didn't get our preferred divergence
2014-07-22 17:28:03 [Message] fib_1618 -> Chat: we're also sitting on a powder keg of money in which the majority still hasn't participated in
2014-07-22 17:28:15 [Message] fib_1618 -> Chat: as they continue to sit and watch each and every pullback be bought
2014-07-22 17:28:19 [Message] fib_1618 -> Chat: and then go to higher price highs
2014-07-22 17:28:31 [Message] fib_1618 -> Chat: this, in and of itself, sets a technical floor in prices
2014-07-22 17:28:38 [Message] fib_1618 -> Chat: whether they are overvalued or not doesn't matter as much as there is more demand than supply
2014-07-22 17:28:58 [Message] fib_1618 -> Chat: and because of that
2014-07-22 17:29:13 [Message] fib_1618 -> Chat: we will see areas of strange technical behavior from time to time
2014-07-22 17:29:22 [Message] fib_1618 -> Chat: this is why as we move into longer term tops
2014-07-22 17:29:36 [Message] fib_1618 -> Chat: many technician's start to claim that their tools "don't work anymore"
2014-07-22 17:29:44 [Message] fib_1618 -> Chat: where, in fact, they have been and continue to do so
2014-07-22 17:30:04 [Message] fib_1618 -> Chat: it's just that they're not doing what THEY expect them to with all things being equal
2014-07-22 17:30:28 [Message] fib_1618 -> Chat: this is why we are constantly adjusting and changing with the underlying character we have to work with
2014-07-22 17:30:35 [Message] fib_1618 -> Chat: case in point
2014-07-22 17:30:52 [Message] fib_1618 -> Chat: last Thursday's break should push us to even lower price levels
2014-07-22 17:31:19 [Message] fib_1618 -> Chat: but that's when liquidity is at levels in which the cost of money is at 5%
2014-07-22 17:31:23 [Message] fib_1618 -> Chat: or 7%
2014-07-22 17:31:27 [Message] fib_1618 -> Chat: not at 0%
2014-07-22 17:31:34 [Message] fib_1618 -> Chat: it matters
2014-07-22 17:31:45 [Message] fib_1618 -> Chat: if there is nothing else out there that can provide a good return on capital
2014-07-22 17:32:00 [Message] fib_1618 -> Chat: then there's going to be times in which our analysis may be too conservative
2014-07-22 17:32:13 [Message] fib_1618 -> Chat: new waters here
2014-07-22 17:32:27 [Message] fib_1618 -> Chat: and the market continues to befuddle most
2014-07-22 17:32:40 [Message] fib_1618 -> Chat: but it's the game we signed up for
2014-07-22 17:32:50 [Message] fib_1618 -> Chat: that's why we take it one day at a time
2014-07-22 17:32:58 [Message] fib_1618 -> Chat: and try not to get ahead of ourselves
2014-07-22 17:33:11 [Message] fib_1618 -> Chat: I'm talking too much...let's back to the charts
2014-07-22 17:33:46 [Message] fib_1618 -> Chat: the OEX breadth MCO is back above its zero line today confirming the new all time high close in prices
2014-07-22 17:33:57 [Message] rite01 -> Chat: We're glad you in the boat with us!
2014-07-22 17:34:04 [Message] fib_1618 -> Chat: and we're back to a crossover buy signal there
2014-07-22 17:34:18 [Message] fib_1618 -> Chat: I am your fearless leader just trying to make heads and tails of things just like you :)
2014-07-22 17:35:07 [Message] fib_1618 -> Chat: now here a quick break above the declining tops line from the early June highs would then clear the way for prices in the OEX to move to...
2014-07-22 17:35:31 [Message] fib_1618 -> Chat: another 20 points...so we'll call it 900
2014-07-22 17:36:14 [Message] fib_1618 -> Chat: taking out the early July top...and that should be enough to move to the psychological 1000 level
2014-07-22 17:36:44 [Message] fib_1618 -> Chat: the Dow breadth MCO and MCSUM are highly compressed right now
2014-07-22 17:36:53 [Message] fib_1618 -> Chat: so not only is a big move coming
2014-07-22 17:36:59 [Message] fib_1618 -> Chat: but it can last several weeks once it gets started
2014-07-22 17:37:22 [Message] fib_1618 -> Chat: so until we see a break below the +750 level on the MCSUM
2014-07-22 17:37:50 [Message] fib_1618 -> Chat: it's really a no brainer on which direction we're likely to see any or all surprises
2014-07-22 17:38:17 [Message] fib_1618 -> Chat: Australia has broken out to new 6 year highs now
2014-07-22 17:38:45 [Message] fib_1618 -> Chat: and that says good things about the precious metals
2014-07-22 17:39:01 [Message] fib_1618 -> Chat: might be an inflationary phase is about to begin
2014-07-22 17:39:11 [Message] fib_1618 -> Chat: and if that happens
2014-07-22 17:39:21 [Message] fib_1618 -> Chat: whew...no telling how high will be for the Dow
2014-07-22 17:39:54 [Message] fib_1618 -> Chat: OK...we also got a break to higher highs in the MID breadth MCO today
2014-07-22 17:40:14 [Message] fib_1618 -> Chat: so let's look for a test of the 1430 gap area
2014-07-22 17:40:39 [Message] fib_1618 -> Chat: still some internal weakness there overall
2014-07-22 17:40:45 [Message] fib_1618 -> Chat: so with this kind of info
2014-07-22 17:40:59 [Message] fib_1618 -> Chat: you don't really want to waste you time with stocks in this basket right now
2014-07-22 17:41:12 [Message] fib_1618 -> Chat: where the large caps will tend to give you more bang for your buck
2014-07-22 17:41:16 [Message] fib_1618 -> Chat: or Euro
2014-07-22 17:41:18 [Message] fib_1618 -> Chat: or Yen
2014-07-22 17:41:23 [Message] fib_1618 -> Chat: or dollar
2014-07-22 17:41:31 [Message] fib_1618 -> Chat: or pound
2014-07-22 17:41:54 [Message] fib_1618 -> Chat: an even better move today by the SML breadth MCO
2014-07-22 17:42:14 [Message] fib_1618 -> Chat: as it not only broke above the -40 resistance level
2014-07-22 17:42:37 [Message] fib_1618 -> Chat: but also moved above our famous "blip resistance" point from earlier this month
2014-07-22 17:42:57 [Message] fib_1618 -> Chat: looks like 677 is now doable
2014-07-22 17:43:09 [Message] fib_1618 -> Chat: but still quite a bit of work still yet to do for the buyers
2014-07-22 17:43:55 [Message] fib_1618 -> Chat:  notice also that the buyers are coming in now right at the point where there is balance between buyers and sellers on an intermediate term trending basis (the SML breadth MCSUM zero line)
2014-07-22 17:44:04 [Message] fib_1618 -> Chat: so who will take control?
2014-07-22 17:44:19 [Message] fib_1618 -> Chat: we'll probably have to wait until next week to answer that question
2014-07-22 17:44:48 [Message] fib_1618 -> Chat: and a break above resistance in the TM breadth MCO
2014-07-22 17:44:55 [Message] fib_1618 -> Chat: and looking at the components
2014-07-22 17:45:07 [Message] fib_1618 -> Chat: we see that the 10% Trend has now snapped back to its zero line
2014-07-22 17:45:18 [Message] fib_1618 -> Chat: but on closer inspection
2014-07-22 17:45:27 [Message] fib_1618 -> Chat: we also see that the 5% found support at its zero line on Monday
2014-07-22 17:45:38 [Message] fib_1618 -> Chat: and moved to a higher highs today
2014-07-22 17:46:09 [Message] fib_1618 -> Chat: this would suggest that we have enough strength moving in to where we're likely to see the buyers take control over the next several days
2014-07-22 17:46:41 [Message] fib_1618 -> Chat: which would then lend itself to the TM breadth MCSUM probably finding support at the +250 level and turn up from there
2014-07-22 17:46:50 [Message] fib_1618 -> Chat: whether it's a bottom or not remains to be seen
2014-07-22 17:46:51 [Message] fib_1618 -> Chat: so...
2014-07-22 17:47:06 [Message] fib_1618 -> Chat: we continue to see evidence that a price low was created last week
2014-07-22 17:47:50 [Message] fib_1618 -> Chat: and that continued near strength is likely to be seen in the market's effort to begin to build an internal foundation from where prices can trend to the upside
2014-07-22 17:48:04 [Message] fib_1618 -> Chat: and as long as the volume MCO's are in agreement
2014-07-22 17:48:29 [Message] fib_1618 -> Chat: this would be the preferred blueprint to work with...so let's take a quick look
2014-07-22 17:48:54 [Message] fib_1618 -> Chat: the NYSE CO volume MCO is in agreement
2014-07-22 17:49:17 [Message] fib_1618 -> Chat: while the NYSE Composite volume MCO is showing more strength right now than its breadth cousin
2014-07-22 17:49:20 [Message] fib_1618 -> Chat: so that's constructive
2014-07-22 17:49:53 [Message] fib_1618 -> Chat: the NASDAQ volume MCO seems to be leading breadth by a bit to the upside
2014-07-22 17:50:06 [Message] fib_1618 -> Chat: the NDX volume MCO is pretty much in sync with breadth
2014-07-22 17:50:19 [Message] fib_1618 -> Chat: finding a near term challenge with the zero line
2014-07-22 17:50:43 [Message] fib_1618 -> Chat: a simultaneous break above the zero line, with volume and breadth, should create a large upside move in prices
2014-07-22 17:51:09 [Message] fib_1618 -> Chat: the SPX and OEX volume MCO's are in sync
2014-07-22 17:51:37 [Message] fib_1618 -> Chat: and the Dow volume MCSUM is now approaching the +1500 level
2014-07-22 17:51:50 [Message] fib_1618 -> Chat: this is a very powerful statement for the 30 stocks that make up the Dow
2014-07-22 17:52:12 [Message] fib_1618 -> Chat: we also have a small point change on the Dow volume MCO
2014-07-22 17:52:30 [Message] fib_1618 -> Chat: the MID volume MCO is lagging here
2014-07-22 17:52:52 [Message] fib_1618 -> Chat: somebody better tell it where the party is or it could get lost in all this :)
2014-07-22 17:53:11 [Message] fib_1618 -> Chat: good volume confirmation with breadth in the SML volume MCO
2014-07-22 17:53:20 [Message] fib_1618 -> Chat: in fact
2014-07-22 17:53:30 [Message] fib_1618 -> Chat: it looks like the small cap bears might be in trouble now
2014-07-22 17:53:52 [Message] fib_1618 -> Chat: as it may not matter anymore as to the divergences they're working with
2014-07-22 17:54:10 [Message] fib_1618 -> Chat: TM volume MCO is leading breadth
2014-07-22 17:54:48 [Message] fib_1618 -> Chat: and we like to see volume either staying the pace of breadth, or better yet, leading breadth, to help affirm the likely direction of prices
2014-07-22 17:55:38 [Message] fib_1618 -> Chat: might of had a CVI spike buy signal last week
2014-07-22 17:55:46 [Message] fib_1618 -> Chat: though it's a bit inconsistent to say for sure
2014-07-22 17:56:07 [Message] fib_1618 -> Chat: STVO's have firmed at their zero lines
2014-07-22 17:56:18 [Message] fib_1618 -> Chat: VTO's continue to suggest that the buyers have control
2014-07-22 17:56:37 [Message] fib_1618 -> Chat: NYSE TRIN at .94
2014-07-22 17:56:47 [Message] fib_1618 -> Chat: Open 10 at .93
2014-07-22 17:56:52 [Message] fib_1618 -> Chat: almost neutral
2014-07-22 17:56:56 [Message] fib_1618 -> Chat: purring along for now
2014-07-22 17:57:15 [Message] fib_1618 -> Chat: NASDAQ TRIN at 1.18
2014-07-22 17:57:26 [Message] fib_1618 -> Chat: Open 10 at .84
2014-07-22 17:57:38 [Message] fib_1618 -> Chat: keeping in check...no signs of froth
2014-07-22 17:57:51 [Message] fib_1618 -> Chat: TM TRIN at 1.10
2014-07-22 17:58:06 [Message] fib_1618 -> Chat: Open 10 at .90
2014-07-22 17:58:09 [Message] fib_1618 -> Chat: neutral there
2014-07-22 17:58:19 [Message] fib_1618 -> Chat: one side is about to pick up the pace
2014-07-22 17:58:23 [Message] fib_1618 -> Chat: so...
2014-07-22 17:58:47 [Message] fib_1618 -> Chat: we seem to have developed a price base
2014-07-22 17:59:08 [Message] fib_1618 -> Chat: and now we're in the process of trying to get all the cylinders in sync
2014-07-22 17:59:30 [Message] fib_1618 -> Chat: going with the trend comes with the large caps
2014-07-22 18:00:10 [Message] fib_1618 -> Chat: which you would think would take the blunt of any of the problems overseas right now since they are primarily made up of multi national businesses
2014-07-22 18:00:32 [Message] fib_1618 -> Chat: and we'll have to see if the MID and SML will continue to weigh things down
2014-07-22 18:00:54 [Message] fib_1618 -> Chat: or whether they're going to be pulled up by their collective bootstraps to play for the ride
2014-07-22 18:01:00 [Message] fib_1618 -> Chat: we'll see...
2014-07-22 18:01:03 [Message] fib_1618 -> Chat: let me check the BETS
2014-07-22 18:02:05 [Message] fib_1618 -> Chat: +70 buy
2014-07-22 18:02:16 [Message] thespookyone -> Chat: wow
2014-07-22 18:02:48 [Message] fib_1618 -> Chat: anything else?
2014-07-22 18:03:03 [Message] thespookyone -> Chat: thx, good chat
2014-07-22 18:03:05 [Message] fib_1618 -> Chat: :)
2014-07-22 18:03:21 [Message] fib_1618 -> Chat: it's very important to weed out what's truly important here
2014-07-22 18:03:32 [Message] rite01 -> Chat: Thanks Fib I learn so much ever session
2014-07-22 18:03:51 [Message] fib_1618 -> Chat: for the market is our enemy
2014-07-22 18:04:00 [Message] fib_1618 -> Chat: and it will do everything it can to keep you from your money
2014-07-22 18:04:04 [Message] fib_1618 -> Chat: when is Amazon due?
2014-07-22 18:04:18 [Message] thespookyone -> Chat: Thursday
2014-07-22 18:04:51 [Message] fib_1618 -> Chat: Apple is unchanged after hours
2014-07-22 18:05:09 [Message] fib_1618 -> Chat: I would think that's bullish
2014-07-22 18:05:51 [Message] fib_1618 -> Chat: OK...if there's nothing else
2014-07-22 18:05:54 [Message] fib_1618 -> Chat: I'm going to take off
2014-07-22 18:06:00 [Message] fib_1618 -> Chat: everyone have a great couple of days
2014-07-22 18:06:08 [Message] fib_1618 -> Chat: and we'll see how things are looking on Thursday
2014-07-22 18:06:08 [Message] rite01 -> Chat: See you guys next week.
2014-07-22 18:06:10 [Message] fib_1618 -> Chat: good night
2014-07-22 18:06:20 [Message] unc1998 -> Chat: Thx everybody!

__________________
Dave's LinkedIn Profile

Technical Watch Twitter Page

Technical Watch Facebook Page

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

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

0
Previous Topic | Next Topic
Print
Reply

Quick Navigation:

Easily create a Forum Website with Website Toolbox.






Copyright 2000-2019 Technical Watch