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Posts: 4,867
Reply with quote  #1 
2008-08-12 19:01:33 [Message] fib_1618 -> Main Room: good day
2008-08-12 19:01:40 [Message] fib_1618 -> Main Room: how is everyone?
2008-08-12 19:02:32 [Message] Ron -> Main Room: fine
2008-08-12 19:02:46 [Message] fib_1618 -> Main Room: just fine?
2008-08-12 19:03:05 [Message] fib_1618 -> Main Room: anytime I get out of bed it's a "good day"
2008-08-12 19:03:27 [Message] Ron -> Main Room: is a real challenge these past several days, up, down, up, down
2008-08-12 19:03:35 [Message] fib_1618 -> Main Room: choppy, yes
2008-08-12 19:03:45 [Message] Ron -> Main Room: understatement
2008-08-12 19:03:53 [Message] fib_1618 -> Main Room: hard to break the hold of the takes time
2008-08-12 19:04:15 [Message] fib_1618 -> Main Room: but you knew this with the current McClellan positions
2008-08-12 19:04:29 [Message] fib_1618 -> Main Room: short term is only that...short
2008-08-12 19:04:42 [Message] fib_1618 -> Main Room: intermediate term needs to compliment
2008-08-12 19:05:09 [Message] fib_1618 -> Main Room: OK...any questions or comments before we get started?
2008-08-12 19:05:36 [Message] Ron -> Main Room: triangle dead in gold? yes?
2008-08-12 19:05:40 [Message] fib_1618 -> Main Room: yes
2008-08-12 19:05:52 [Message] fib_1618 -> Main Room: died yesterday
2008-08-12 19:06:20 [Message] fib_1618 -> Main Room: the basic assumption of gold breaking down and the dollar moving up is probably two fold
2008-08-12 19:06:36 [Message] fib_1618 -> Main Room: the first is that short term rates are going to move higher soon
2008-08-12 19:06:49 [Message] fib_1618 -> Main Room: which usually means the economy is going to expand
2008-08-12 19:06:55 [Message] fib_1618 -> Main Room: the other...
2008-08-12 19:07:18 [Message] fib_1618 -> Main Room: could be that the market smells some sort of battle ahead that will "clear the air"
2008-08-12 19:07:32 [Message] fib_1618 -> Main Room: geopolitically speaking
2008-08-12 19:08:08 [Message] fib_1618 -> Main Room: which is what markets like based on history
2008-08-12 19:08:33 [Message] fib_1618 -> Main Room: (watch the middle east)
2008-08-12 19:09:00 [Message] fib_1618 -> Main Room: any who...
2008-08-12 19:09:11 [Message] fib_1618 -> Main Room: I guess we'll get started
2008-08-12 19:09:17 [Message] Ron -> Main Room: Olympics is a good cover...
2008-08-12 19:09:23 [Message] fib_1618 -> Main Room:
2008-08-12 19:09:37 [Message] fib_1618 -> Main Room: smart idea, eh?
2008-08-12 19:09:45 [Message] Ron -> Main Room: yep
2008-08-12 19:10:03 [Message] fib_1618 -> Main Room: and you can chat it up while watching the opening ceremonies
2008-08-12 19:10:29 [Message] Ron -> Main Room: while a little girl does not even sing...
2008-08-12 19:10:31 [Message] fib_1618 -> Main Room: the bears are making their moves in different ways
2008-08-12 19:10:40 [Message] fib_1618 -> Main Room: yes, Milli Vanilli
2008-08-12 19:10:51 [Message] fib_1618 -> Main Room: but it looked good
2008-08-12 19:11:05 [Message] fib_1618 -> Main Room: and you do have to say...they put on a great show
2008-08-12 19:11:17 [Message] jkw -> Main Room: Fib, I was thinking that interest rates maybe heading down. $ and bonds up spells deflation
2008-08-12 19:11:27 [Message] fib_1618 -> Main Room: how so?
2008-08-12 19:11:34 [Message] fib_1618 -> Main Room: why would a higher dollar mean deflation?
2008-08-12 19:11:59 [Message] jkw -> Main Room: Gold Oil CRB all going down here. Bonds are going up
2008-08-12 19:12:11 [Message] fib_1618 -> Main Room: point taken
2008-08-12 19:12:27 [Message] fib_1618 -> Main Room: but much of what gold, oil, and CRB had was currency related to begin with
2008-08-12 19:12:51 [Message] fib_1618 -> Main Room: money flows from gold to commodities to debt and then to equities
2008-08-12 19:13:25 [Message] jkw -> Main Room: $ rally may be a parking spot for all the money leaving commodity play
2008-08-12 19:13:26 [Message] fib_1618 -> Main Room: could be that the "rainy day" savings account that gold represents is no longer needed?
2008-08-12 19:13:49 [Message] fib_1618 -> Main Room: with the financial system in chaos?
2008-08-12 19:14:11 [Message] fib_1618 -> Main Room: wouldn't a currency move in relation to its value?
2008-08-12 19:14:26 [Message] fib_1618 -> Main Room: (perceived or otherwise)
2008-08-12 19:14:36 [Message] locus -> Main Room: ew wise do you still see this as a 4th wave in gold?
2008-08-12 19:14:53 [Message] fib_1618 -> Main Room: I believe this to be wave 4 of intermediate degree, yes
2008-08-12 19:15:02 [Message] jkw -> Main Room: It may be deflation here, Gold get's crushed before it finally begins to move up in earnest
2008-08-12 19:15:14 [Message] fib_1618 -> Main Room: were the line is at the previous fourth wave triangle of one lesser degree
2008-08-12 19:15:36 [Message] fib_1618 -> Main Room: one idea is that we're in a complex correctional pattern
2008-08-12 19:15:49 [Message] fib_1618 -> Main Room: the problem is with the chart pattern itself
2008-08-12 19:16:05 [Message] fib_1618 -> Main Room: but there are always "excuses" that can be used when counting waves
2008-08-12 19:16:09 [Message] fib_1618 -> Main Room: for example
2008-08-12 19:16:34 [Message] fib_1618 -> Main Room: the first move lower from the March highs happened with such quickness that a second wave wasn't able to be formed on the daily chart
2008-08-12 19:16:54 [Message] fib_1618 -> Main Room: which would then allow this current move lower to be wave 3 down
2008-08-12 19:17:11 [Message] fib_1618 -> Main Room: but fundamentally, this doesn't make sense with interest rates as low as they are
2008-08-12 19:17:23 [Message] fib_1618 -> Main Room: however, if what the market is smelling is a quick change in monetary policy coming, not even Elliott would recognize such a thing
2008-08-12 19:18:54 [Message] fib_1618 -> Main Room: like everything else technical in nature, we have to assume consistency in what the "powers that be" do in relation to what they're given to work with
2008-08-12 19:19:13 [Message] fib_1618 -> Main Room: maybe we're looking at a financial default?
2008-08-12 19:19:23 [Message] fib_1618 -> Main Room: but one thing's for sure
2008-08-12 19:19:46 [Message] fib_1618 -> Main Room: the idea that gold moves with worry is being tested as to its effectiveness in taking a position
2008-08-12 19:20:10 [Message] fib_1618 -> Main Room: so something else must control the direction of gold
2008-08-12 19:20:15 [Message] fib_1618 -> Main Room: not inflation
2008-08-12 19:20:18 [Message] fib_1618 -> Main Room: not wars
2008-08-12 19:20:48 [Message] fib_1618 -> Main Room: of course, there are knee jerk reactions
2008-08-12 19:21:07 [Message] fib_1618 -> Main Room: but if the trend is in one direction, it's hard to change its mind
2008-08-12 19:21:30 [Message] locus -> Main Room: today largest breach of 300d sma since bull began
2008-08-12 19:21:36 [Message] fib_1618 -> Main Room: have you been watching how the A/D PM data has been showing weakness now for over 3 months?
2008-08-12 19:21:50 [Message] fib_1618 -> Main Room: the PM data broke down in April
2008-08-12 19:21:52 [Message] locus -> Main Room: yes very weak
2008-08-12 19:21:59 [Message] fib_1618 -> Main Room: the XAU data broke down on 7/11
2008-08-12 19:22:19 [Message] fib_1618 -> Main Room: in fact, it was so bad last week, I had to reformat the charts
2008-08-12 19:22:35 [Message] fib_1618 -> Main Room: strange goings on
2008-08-12 19:22:53 [Message] fib_1618 -> Main Room: so while we can deduce why this is happening
2008-08-12 19:23:09 [Message] fib_1618 -> Main Room: the best thing to do is to go with what money is doing and look for the reasons why later on
2008-08-12 19:23:39 [Message] fib_1618 -> Main Room: that's why taking a simple view of things does tend to give a great amount of insight
2008-08-12 19:24:08 [Message] fib_1618 -> Main Room: for now...history says that we should see a reflex rally in the PM's very soon
2008-08-12 19:24:12 [Message] fib_1618 -> Main Room: but at the same time
2008-08-12 19:24:47 [Message] fib_1618 -> Main Room: the technical damage given over the last couple of months is instructing us that we're in the last phase of any longer term move
2008-08-12 19:25:07 [Message] fib_1618 -> Main Room: remember that 5th waves are very emotional and tend to be alone in regards to money making products
2008-08-12 19:25:42 [Message] locus -> Main Room: area 790 area important for the wave 4 assumption
2008-08-12 19:25:45 [Message] fib_1618 -> Main Room: yes
2008-08-12 19:25:54 [Message] fib_1618 -> Main Room: that is the fourth wave of one lesser degree
2008-08-12 19:26:02 [Message] fib_1618 -> Main Room: a break below this level...and see ya later!
2008-08-12 19:26:33 [Message] locus -> Main Room: 1 x 1 is in this are also 802 ish
2008-08-12 19:26:40 [Message] fib_1618 -> Main Room: gann?
2008-08-12 19:26:47 [Message] locus -> Main Room: a = c
2008-08-12 19:26:53 [Message] fib_1618 -> Main Room: ok...thanks
2008-08-12 19:27:06 [Message] fib_1618 -> Main Room: I made a post on the gold count on Sunday which means nothing now
2008-08-12 19:27:28 [Message] fib_1618 -> Main Room: let me get the chart up
2008-08-12 19:27:30 [Message] locus -> Main Room: hadn't seen will look thanks
2008-08-12 19:27:49 [Message] fib_1618 -> Main Room:
2008-08-12 19:28:15 [Message] fib_1618 -> Main Room: for those who aren't Elliott savvy
2008-08-12 19:28:43 [Message] fib_1618 -> Main Room: critical support for the current preferred count is the triangle you see that took place in late 2007
2008-08-12 19:28:57 [Message] fib_1618 -> Main Room: this is referred to as the "fourth wave of one lesser degree"
2008-08-12 19:29:26 [Message] fib_1618 -> Main Room: an area that is used as the last "line in the sand" in defending the on going longer term trend
2008-08-12 19:30:06 [Message] fib_1618 -> Main Room: usually fourth waves will retrace to around the .382 area
2008-08-12 19:30:26 [Message] fib_1618 -> Main Room: which on this chart was the same area where the previous all time highs occurred in 1980
2008-08-12 19:30:44 [Message] fib_1618 -> Main Room: so a break below this level was very important information as it suggest that this price pattern is weaker than first thought
2008-08-12 19:31:35 [Message] fib_1618 -> Main Room: then much influence does todays hedge funds have in this area?
2008-08-12 19:32:00 [Message] fib_1618 -> Main Room: sort of like having the government putting a thumb on the scale
2008-08-12 19:32:12 [Message] fib_1618 -> Main Room: is what it is
2008-08-12 19:32:33 [Message] fib_1618 -> Main Room: but lower gold, with a higher dollar, usually is associated with higher rates
2008-08-12 19:32:55 [Message] fib_1618 -> Main Room: and the way both have been moving, we could be looking at something rather sharp
2008-08-12 19:33:00 [Message] fib_1618 -> Main Room: all of a sudden
2008-08-12 19:33:26 [Message] fib_1618 -> Main Room: as if the engine is "overheating" and the temperature light was broken
2008-08-12 19:33:33 [Message] fib_1618 -> Main Room: we'll see
2008-08-12 19:33:53 [Message] fib_1618 -> Main Room: fifth waves are almost always emotionally driven
2008-08-12 19:34:06 [Message] fib_1618 -> Main Room: third waves are almost always fundamentally driven
2008-08-12 19:34:23 [Message] fib_1618 -> Main Room: that's the difference between the two pattern structures
2008-08-12 19:41:00 [Message] locus -> Main Room: thanks for the input gotta run will check back later to catch up
2008-08-12 19:41:06 [Message] fib_1618 -> Main Room: let's more on to the data
2008-08-12 19:41:37 [Message] fib_1618 -> Main Room: after moving to a higher high in yesterdays trading the CO NYSE breadth MCO moved lower today
2008-08-12 19:41:54 [Message] fib_1618 -> Main Room: and still remains within the confines of a horizontal pattern well above the zero line
2008-08-12 19:42:18 [Message] fib_1618 -> Main Room: this suggests that the bulls remain in control of things, and are attempting to build a longer term base
2008-08-12 19:42:46 [Message] fib_1618 -> Main Room: intermediate term, the CO NYSE breadth MCSUM remains well below its zero line
2008-08-12 19:43:07 [Message] fib_1618 -> Main Room: and when we have this kind of mixture, the resulting effect is usually choppy price action
2008-08-12 19:43:29 [Message] fib_1618 -> Main Room: looking at the CO components, and we see that this last MCO higher high was accompanied by the 10% moving above its zero line while the 5% component continues to struggle in getting above its zero line
2008-08-12 19:44:42 [Message] fib_1618 -> Main Room: the technical expectation of which is for the 10% to snapback to zero, with the 5% repelling from this same zero line
2008-08-12 19:44:47 [Message] fib_1618 -> Main Room: this is what we saw today
2008-08-12 19:45:18 [Message] fib_1618 -> Main Room: and being that one component is positive, with the other negative, this suggests that we continue to be in corrective mode
2008-08-12 19:46:01 [Message] fib_1618 -> Main Room: unlike the commons, the composite breadth NYSE breadth MCO did not move to higher highs yesterday
2008-08-12 19:46:21 [Message] fib_1618 -> Main Room: which suggests that the interest rate sensitives are a bit soft right now and not leading
2008-08-12 19:46:48 [Message] fib_1618 -> Main Room: it has been past experience when we see this happen that a price top is right around the corner
2008-08-12 19:47:03 [Message] fib_1618 -> Main Room: so here again, today's price pattern softness shouldn't be too surprising
2008-08-12 19:47:13 [Message] fib_1618 -> Main Room: the engine is sputtering, but the fuel level is rising
2008-08-12 19:47:51 [Message] fib_1618 -> Main Room: looking at the components, we see what we talked about with the common only data
2008-08-12 19:48:04 [Message] fib_1618 -> Main Room: snapback to zero on the 10%, and resistance for the 5%
2008-08-12 19:48:32 [Message] fib_1618 -> Main Room: so what will be important near term is for the bulls to show a better ratio of moving forward than moving back
2008-08-12 19:48:52 [Message] fib_1618 -> Main Room: we kind of talked about this last step forward, two steps back
2008-08-12 19:48:57 [Message] fib_1618 -> Main Room: or in this case
2008-08-12 19:49:09 [Message] fib_1618 -> Main Room: two steps forward, one step back
2008-08-12 19:49:18 [Message] fib_1618 -> Main Room: and as we continue to move towards the MCSUM zero line
2008-08-12 19:49:30 [Message] fib_1618 -> Main Room: the steps forward will increase
2008-08-12 19:49:45 [Message] fib_1618 -> Main Room: it may not be a string of 100 point Dow days
2008-08-12 19:50:01 [Message] fib_1618 -> Main Room: but 300 here, 40 there, 70 there...this kind of thing
2008-08-12 19:50:23 [Message] fib_1618 -> Main Room: for the technician
2008-08-12 19:50:35 [Message] fib_1618 -> Main Room: all we want to observe is the structure of the MCSUM
2008-08-12 19:50:54 [Message] fib_1618 -> Main Room: is it choppy, or is it moving higher smoothly??
2008-08-12 19:51:06 [Message] fib_1618 -> Main Room: and in this case, the bulls continue to have control of things
2008-08-12 19:51:25 [Message] fib_1618 -> Main Room: although, they still have a ways to go to fully dig themselves out of the hole previously created
2008-08-12 19:51:51 [Message] fib_1618 -> Main Room: last Friday was a good character day
2008-08-12 19:52:11 [Message] fib_1618 -> Main Room: as you remember, there was an opportunity for the bears to break to the downside, but they ran and hid after the first hour
2008-08-12 19:53:39 [Message] fib_1618 -> Main Room: after moving to 3 year (at least) highs in the last couple of days, the NASADAQ breadth MCO snapped back to what was previous resistance today
2008-08-12 19:54:13 [Message] fib_1618 -> Main Room: and you can admire the beauty of the the rounding bottom formation we talked about 2 weeks ago on the NASDAQ price chart with this higher MCO high leading the way
2008-08-12 19:54:56 [Message] fib_1618 -> Main Room: a full on challenge of the December 2007 highs is now indicated
2008-08-12 19:55:30 [Message] fib_1618 -> Main Room: give me a moment...I want to generate a longer term chart of the NASDAQ breadth MCO
2008-08-12 19:56:20 [Message] fib_1618 -> Main Room: highest level since August of 2004
2008-08-12 19:57:06 [Message] fib_1618 -> Main Room: in the meantime, the NASDAQ breadth MCSUM continues to climb higher
2008-08-12 19:57:31 [Message] fib_1618 -> Main Room: but remains well below heavy resistance points in the pattern
2008-08-12 19:57:43 [Message] fib_1618 -> Main Room: so...we're still not out of the woods as yet here as well
2008-08-12 19:57:45 [Message] jkw -> Main Room: Fib.....are you really targeting the NASDAQ 2700?
2008-08-12 19:57:55 [Message] fib_1618 -> Main Room: that's what the higher highs in the MCO suggest
2008-08-12 19:58:00 [Message] jkw -> Main Room: Wow
2008-08-12 19:58:10 [Message] fib_1618 -> Main Room: we have enough energy now to make it up there
2008-08-12 19:58:20 [Message] fib_1618 -> Main Room: all we need to happen is for the MCSUM to move above its zero line
2008-08-12 19:58:25 [Message] davehome -> Main Room: 3126 is 50% retracement from 2000 top
2008-08-12 19:58:27 [Message] fib_1618 -> Main Room: what I would be looking for here is for some resistance at the summer highs
2008-08-12 19:58:49 [Message] davehome -> Main Room: we passed the 38.1 by enough to suggest that would be a target
2008-08-12 19:58:58 [Message] fib_1618 -> Main Room: a retracement of some kind to build MCO divergence
2008-08-12 19:59:04 [Message] fib_1618 -> Main Room: and we should be off and running
2008-08-12 19:59:07 [Message] fib_1618 -> Main Room: caveat...
2008-08-12 19:59:25 [Message] fib_1618 -> Main Room: if the NASDAQ price action fails to break out above the summer highs
2008-08-12 19:59:36 [Message] fib_1618 -> Main Room: this would leave a large SOB pattern in its wake
2008-08-12 19:59:51 [Message] fib_1618 -> Main Room: so...there are rumblings
2008-08-12 20:00:08 [Message] fib_1618 -> Main Room: interest rate levels are accommodating the small caps and growth areas
2008-08-12 20:00:28 [Message] fib_1618 -> Main Room: but over "there", gold and dollar suggest this might not last very much longer
2008-08-12 20:00:53 [Message] fib_1618 -> Main Room: the bond pit is suggesting that the FED will start to raise rates in January
2008-08-12 20:00:57 [Message] fib_1618 -> Main Room: which makes sense
2008-08-12 20:00:59 [Message] davehome -> Main Room: speaking of which, we spoke of dollar and gold last Tuesday, any new opinions?
2008-08-12 20:01:21 [Message] davehome -> Main Room: you mentioned you wanted to take a longer look at it
2008-08-12 20:01:24 [Message] fib_1618 -> Main Room: had lots of opinions..already discussed (that will teach you to be late! )
2008-08-12 20:01:53 [Message] fib_1618 -> Main Room: concise version...the triangle in gold is gone
2008-08-12 20:01:54 [Message] davehome -> Main Room: logged in at work, to read tomorrow a.m. this computer has massive viruses, order new one, on its way
2008-08-12 20:02:09 [Message] fib_1618 -> Main Room: sorry to hear...not fun
2008-08-12 20:02:38 [Message] davehome -> Main Room: triangle gone? C in?
2008-08-12 20:02:51 [Message] fib_1618 -> Main Room: triangle gone - destroyed
2008-08-12 20:03:04 [Message] fib_1618 -> Main Room: either zig zag - or more complex
2008-08-12 20:03:10 [Message] fib_1618 -> Main Room: or...could be 3 down
2008-08-12 20:03:16 [Message] fib_1618 -> Main Room: sure feels like it
2008-08-12 20:03:20 [Message] davehome -> Main Room: still wave 4 decline? time to exit aem and gold stocks?
2008-08-12 20:03:36 [Message] fib_1618 -> Main Room: PM's are very "oversold"
2008-08-12 20:03:51 [Message] fib_1618 -> Main Room: but, as you know, that doesn't always stop the momentum
2008-08-12 20:03:55 [Message] davehome -> Main Room: so this is not swing trade, if in them, take money and run quickly?
2008-08-12 20:04:03 [Message] fib_1618 -> Main Room: there are better fish to fry
2008-08-12 20:04:06 [Message] fib_1618 -> Main Room: XLP
2008-08-12 20:04:09 [Message] fib_1618 -> Main Room: XLV
2008-08-12 20:04:16 [Message] fib_1618 -> Main Room: the market is in defensive mode
2008-08-12 20:04:42 [Message] davehome -> Main Room: dave, opinion, at what point would the dollar rally hurt stocks?
2008-08-12 20:04:50 [Message] fib_1618 -> Main Room: hurt stocks?
2008-08-12 20:05:14 [Message] davehome -> Main Room: market goes down on dollar rally, we went up on dollar decline for 5 years, now rallying with dollar
2008-08-12 20:05:39 [Message] davehome -> Main Room: at some point that will disconnect, do you have an opinion on what price that would be?
2008-08-12 20:05:43 [Message] fib_1618 -> Main Room: ahhh...but it was foreign investment that drove US equities higher on the back of lower dollar
2008-08-12 20:05:55 [Message] fib_1618 -> Main Room: no idea Dave
2008-08-12 20:06:00 [Message] davehome -> Main Room: right, but now it's the opposite, and market is going up
2008-08-12 20:06:04 [Message] fib_1618 -> Main Room: crystal ball not working
2008-08-12 20:06:19 [Message] davehome -> Main Room: still could be foreign money, but at some point, diminishing returns
2008-08-12 20:06:35 [Message] fib_1618 -> Main Room: it will come...unless...the US becomes a growth sector
2008-08-12 20:06:47 [Message] fib_1618 -> Main Room: (being cheeky)
2008-08-12 20:06:58 [Message] davehome -> Main Room: yeah, i was scratching my head
2008-08-12 20:07:07 [Message] fib_1618 -> Main Room: at this point, there is no uptrend
2008-08-12 20:07:14 [Message] fib_1618 -> Main Room: there is no down trend either
2008-08-12 20:07:23 [Message] fib_1618 -> Main Room: we're choppy...a war
2008-08-12 20:07:36 [Message] davehome -> Main Room: have you looked any further to the oil and major index's inverse correlation?
2008-08-12 20:07:57 [Message] fib_1618 -> Main Room: I thought you were going to take the baton on that and make a post?
2008-08-12 20:08:10 [Message] davehome -> Main Room: hmmmmm
2008-08-12 20:08:13 [Message] fib_1618 -> Main Room:
2008-08-12 20:08:20 [Message] davehome -> Main Room: well
2008-08-12 20:08:22 [Message] fib_1618 -> Main Room: it would make for good discussion
2008-08-12 20:08:23 [Message] davehome -> Main Room: ill tell you this
2008-08-12 20:08:35 [Message] davehome -> Main Room: half of the relationship has stopped last few days
2008-08-12 20:08:41 [Message] fib_1618 -> Main Room:
2008-08-12 20:09:01 [Message] fib_1618 -> Main Room: suggestion
2008-08-12 20:09:23 [Message] fib_1618 -> Main Room: correlations like this are better learned when one doesn't take a myopic view
2008-08-12 20:09:35 [Message] fib_1618 -> Main Room: you know my opinion
2008-08-12 20:09:41 [Message] davehome -> Main Room: oil is going down with market of last 2 times, first time we have seen that..........they are not going into oil stocks to be defensive anymore, of course that may change
2008-08-12 20:09:55 [Message] fib_1618 -> Main Room: rotation
2008-08-12 20:09:59 [Message] davehome -> Main Room: 2 days a trend does not make
2008-08-12 20:10:10 [Message] fib_1618 -> Main Room: the market discounts the future - not the present
2008-08-12 20:10:20 [Message] fib_1618 -> Main Room: they are working on different rhythms
2008-08-12 20:10:33 [Message] davehome -> Main Room: the oil's and the markets have been moving together more in last 3 days, than opposite
2008-08-12 20:10:49 [Message] fib_1618 -> Main Room: coincidence's happen
2008-08-12 20:11:28 [Message] fib_1618 -> Main Room: I would take a simple approach to all of this
2008-08-12 20:11:40 [Message] davehome -> Main Room: oil internals say overdue for relief bounce?
2008-08-12 20:11:51 [Message] fib_1618 -> Main Room: gold internals suggest the same
2008-08-12 20:11:56 [Message] davehome -> Main Room: basketball at deep end of pool?
2008-08-12 20:12:24 [Message] fib_1618 -> Main Room: the answer there would lie with the position of the MCSUM
2008-08-12 20:12:54 [Message] jkw -> Main Room: XLE MCSUM definitely at the deep end
2008-08-12 20:13:02 [Message] fib_1618 -> Main Room: could be that the ball has lost its air pressure so that it can't move higher
2008-08-12 20:13:03 [Message] davehome -> Main Room: don't have access to that, otherwise i wouldn't ask
2008-08-12 20:13:11 [Message] fib_1618 -> Main Room: do you have DP?
2008-08-12 20:13:40 [Message] fib_1618 -> Main Room: XLE breadth MCSUM is at -1206
2008-08-12 20:13:43 [Message] fib_1618 -> Main Room: and falling
2008-08-12 20:13:54 [Message] davehome -> Main Room: no, and with all the time spent here, i have come to rely on this class, i do so many forms of analysis, i use this class for the "internals"
2008-08-12 20:14:13 [Message] fib_1618 -> Main Room: well...I'm flattered
2008-08-12 20:14:33 [Message] davehome -> Main Room: to confirm my other forms
2008-08-12 20:14:35 [Message] fib_1618 -> Main Room: however, for $20 a month, DP provides a wealth of data that you won't see elsewhere
2008-08-12 20:14:44 [Message] davehome -> Main Room: not the money, its the time
2008-08-12 20:14:45 [Message] davehome -> Main Room: lol
2008-08-12 20:14:52 [Message] fib_1618 -> Main Room: I hear you
2008-08-12 20:14:57 [Message] fib_1618 -> Main Room:
2008-08-12 20:15:06 [Message] fib_1618 -> Main Room: right now...the XLE remains under pressure
2008-08-12 20:15:13 [Message] davehome -> Main Room: so xle mcsum at 1206 suggests?
2008-08-12 20:15:24 [Message] fib_1618 -> Main Room: the downside objective for crude - based on gold - is around $100
2008-08-12 20:15:36 [Message] fib_1618 -> Main Room: it's deeply "oversold"
2008-08-12 20:15:44 [Message] fib_1618 -> Main Room: and even when it starts to move higher
2008-08-12 20:15:57 [Message] davehome -> Main Room: similar levels on your charts to when you posted on nasdaq, "deeply oversold"
2008-08-12 20:16:05 [Message] fib_1618 -> Main Room: the price action will continue to be under pressure until it's able to get above the -500 level
2008-08-12 20:16:22 [Message] fib_1618 -> Main Room: yes...and you see what has gone on there
2008-08-12 20:16:35 [Message] davehome -> Main Room: right, question is, bounce first or 100 first
2008-08-12 20:17:03 [Message] fib_1618 -> Main Room: keep in mind that when the MCSUM gets well beyond "overbought" or "oversold", it takes time for the price action to work off these same levels
2008-08-12 20:17:21 [Message] fib_1618 -> Main Room: look at the equities
2008-08-12 20:17:28 [Message] fib_1618 -> Main Room: chop, chop, chop
2008-08-12 20:17:43 [Message] fib_1618 -> Main Room: short term...the bulls continue to hold things higher
2008-08-12 20:17:55 [Message] davehome -> Main Room: well, oil and other commodity equities, have been annihilated
2008-08-12 20:17:59 [Message] fib_1618 -> Main Room: intermediate term...the time frame in which trend are remains negative
2008-08-12 20:18:06 [Message] davehome -> Main Room: gold stocks down 40% in a month
2008-08-12 20:18:14 [Message] davehome -> Main Room: coal, oils,
2008-08-12 20:18:16 [Message] davehome -> Main Room: etc...
2008-08-12 20:18:18 [Message] davehome -> Main Room: steel
2008-08-12 20:18:21 [Message] fib_1618 -> Main Room: was only a matter of time...and gold's March/April decline warned you of this
2008-08-12 20:18:31 [Message] fib_1618 -> Main Room: it all starts with gold
2008-08-12 20:18:34 [Message] fib_1618 -> Main Room: period
2008-08-12 20:18:59 [Message] fib_1618 -> Main Room: from there, there is a time element that runs consistent before you see the echoes of what gold does
2008-08-12 20:19:29 [Message] fib_1618 -> Main Room: as far back as April...we were looking for an oil top around the beginning of July, right?
2008-08-12 20:19:43 [Message] fib_1618 -> Main Room: did it come in on time?
2008-08-12 20:20:01 [Message] davehome -> Main Room: bottom line is, the commodities stocks went up and market went down, and since we were in a downtrend, they went up a ton, now they are getting killed...............i have not been able to make ends meet of commodity stock charts...........dow sp and nas, no problem.......oil steel coals and golds, no clue
2008-08-12 20:20:26 [Message] fib_1618 -> Main Room: sometimes we can't trade everything
2008-08-12 20:20:43 [Message] fib_1618 -> Main Room: it's like a street of houses
2008-08-12 20:20:47 [Message] davehome -> Main Room: all i hear is "demand destruction" all day every day, wish i could find a commodity stock bull
2008-08-12 20:20:56 [Message] fib_1618 -> Main Room: each house will have different components
2008-08-12 20:20:59 [Message] davehome -> Main Room: thats why i figured a relief bounce was in order
2008-08-12 20:21:20 [Message] fib_1618 -> Main Room: well...we heard this in May and June during the final ramp up
2008-08-12 20:21:30 [Message] fib_1618 -> Main Room: remember the end of June?
2008-08-12 20:21:36 [Message] fib_1618 -> Main Room: Oil to $150
2008-08-12 20:21:39 [Message] fib_1618 -> Main Room: $175
2008-08-12 20:21:42 [Message] fib_1618 -> Main Room: $200
2008-08-12 20:21:42 [Message] Ron -> Main Room: There is an old saying, "trade what you see not what you think"!
2008-08-12 20:21:53 [Message] fib_1618 -> Main Room: and the pressure was building and building and building
2008-08-12 20:22:01 [Message] fib_1618 -> Main Room: this was a classic commodity top
2008-08-12 20:22:03 [Message] davehome -> Main Room: now "gold is done, .........forever" and oil 60 bucks
2008-08-12 20:22:09 [Message] davehome -> Main Room: all i hear on cnbc
2008-08-12 20:22:19 [Message] fib_1618 -> Main Room: well, I haven't heard that - but I will take your word for it
2008-08-12 20:23:01 [Message] fib_1618 -> Main Room: anyway...the patterns suggest that oil will find a bottom around the $100/$105 area and that's all I know
2008-08-12 20:23:19 [Message] davehome -> Main Room: all through last year we were talking gold top in jan/feb, being a wave 3, is that in question now?
2008-08-12 20:23:36 [Message] fib_1618 -> Main Room: well...wave 3 ended in mid March
2008-08-12 20:24:00 [Message] fib_1618 -> Main Room: not a bad projection when no one was really paying attention to the metal until it moved over $850
2008-08-12 20:24:06 [Message] davehome -> Main Room: right, so wave 4 now, still looking for new highs when this correction is over?
2008-08-12 20:24:22 [Message] fib_1618 -> Main Room: so far...nothing has changed
2008-08-12 20:24:29 [Message] davehome -> Main Room: just the triangle
2008-08-12 20:24:30 [Message] fib_1618 -> Main Room: but the $775 level must hold
2008-08-12 20:24:33 [Message] fib_1618 -> Main Room: nope
2008-08-12 20:24:36 [Message] fib_1618 -> Main Room: no more triangle
2008-08-12 20:24:40 [Message] fib_1618 -> Main Room: something else is going on
2008-08-12 20:24:43 [Message] davehome -> Main Room: right, thats what changed
2008-08-12 20:24:54 [Message] davehome -> Main Room: ok, 775, thats good to know
2008-08-12 20:24:57 [Message] fib_1618 -> Main Room: watch the breadth
2008-08-12 20:25:07 [Message] fib_1618 -> Main Room: the breadth will turn before price will
2008-08-12 20:25:18 [Message] fib_1618 -> Main Room: meanwhile...look else where
2008-08-12 20:25:25 [Message] davehome -> Main Room: selling aem tomorrow
2008-08-12 20:25:26 [Message] davehome -> Main Room: lol
2008-08-12 20:25:32 [Message] fib_1618 -> Main Room: important point
2008-08-12 20:25:47 [Message] fib_1618 -> Main Room: I post the A/D charts only on the weekends
2008-08-12 20:25:54 [Message] davehome -> Main Room: yes, love those
2008-08-12 20:25:56 [Message] fib_1618 -> Main Room: that is a full 7 days between postings
2008-08-12 20:26:22 [Message] fib_1618 -> Main Room: and still, these weekly reviews gave you plenty of time to reposition before things hit the fan
2008-08-12 20:26:39 [Message] fib_1618 -> Main Room: day to day gyrations can drive you loony
2008-08-12 20:26:51 [Message] fib_1618 -> Main Room: no less...hour to hour, or minute to minute
2008-08-12 20:27:21 [Message] fib_1618 -> Main Room: and it's from this same data from which everything else later confirms
2008-08-12 20:28:03 [Message] fib_1618 -> Main Room: so in this monetary flow starts with gold, directional price movements themselves start with the simplicity of an A/D line
2008-08-12 20:28:22 [Message] fib_1618 -> Main Room: I believe that's pretty powerful stuff to know as technical indicators only work correctly when you know the direction of money
2008-08-12 20:29:45 [Message] fib_1618 -> Main Room: need to move on
2008-08-12 20:29:49 [Message] davehome -> Main Room: k
2008-08-12 20:29:53 [Message] davehome -> Main Room: ty
2008-08-12 20:30:09 [Message] fib_1618 -> Main Room: moving down to the NASDAQ breadth components
2008-08-12 20:30:14 [Message] fib_1618 -> Main Room: one more thing
2008-08-12 20:30:39 [Message] fib_1618 -> Main Room: I can talk all day long, but if you don't see what I'm saying it can become very confusing
2008-08-12 20:30:54 [Message] davehome -> Main Room: took a long time, understand 80% now
2008-08-12 20:30:57 [Message] davehome -> Main Room: lol
2008-08-12 20:31:09 [Message] fib_1618 -> Main Room: good...I'm only at 70% lol
2008-08-12 20:31:37 [Message] Ron -> Main Room: I am still struggling..
2008-08-12 20:31:55 [Message] fib_1618 -> Main Room: you will see that the 10% component has finally moved above its zero line for the first time since October of 2007
2008-08-12 20:32:01 [Message] fib_1618 -> Main Room: for everyone
2008-08-12 20:32:15 [Message] fib_1618 -> Main Room: this is something in which is a learning process every single day
2008-08-12 20:32:25 [Message] fib_1618 -> Main Room: I STILL learn many things about the markets
2008-08-12 20:33:07 [Message] fib_1618 -> Main Room: and as good as this medium is, it's nothing like face to face interactions
2008-08-12 20:33:46 [Message] fib_1618 -> Main Room: so don't let this stuff overwhelm you
2008-08-12 20:35:06 [Message] fib_1618 -> Main Room: looking at the 5% component of the NASDAQ breadth MCO
2008-08-12 20:35:10 [Message] jkw -> Main Room: the NASDAQ MCO pattern classified as a double pump?
2008-08-12 20:35:28 [Message] fib_1618 -> Main Room: you will note that it too broke above its zero line and has now snapped back to this same line today
2008-08-12 20:35:45 [Message] jkw -> Main Room: yes
2008-08-12 20:35:47 [Message] fib_1618 -> Main Room: yes, I would call it a double pump
2008-08-12 20:36:02 [Message] fib_1618 -> Main Room: it needed to move above its secondary high and even moved above it's primary high in the process
2008-08-12 20:36:15 [Message] fib_1618 -> Main Room: this was unexpected given the length of time already above the zero line
2008-08-12 20:36:54 [Message] fib_1618 -> Main Room: looking at the NASDAQ price pattern
2008-08-12 20:37:00 [Message] fib_1618 -> Main Room: we had an inside range day today
2008-08-12 20:37:08 [Message] fib_1618 -> Main Room: so we should have a lower close on Wednesday
2008-08-12 20:37:31 [Message] fib_1618 -> Main Room: but with this same double pump on the MCO
2008-08-12 20:37:51 [Message] fib_1618 -> Main Room: this would suggest that this would be part of a pause to refresh than anything like a price top
2008-08-12 20:38:12 [Message] davehome -> Main Room: corrections at this point a 1 day event?
2008-08-12 20:38:15 [Message] fib_1618 -> Main Room: I love the beauty of that rounding bottom...classic
2008-08-12 20:38:34 [Message] fib_1618 -> Main Room: well, if we close lower tomorrow, that would be 2 days
2008-08-12 20:38:56 [Message] fib_1618 -> Main Room: the market is trying to right itself
2008-08-12 20:38:59 [Message] fib_1618 -> Main Room: it will take time
2008-08-12 20:39:04 [Message] fib_1618 -> Main Room: there is no rush here
2008-08-12 20:39:07 [Message] davehome -> Main Room: i don't count inside days........but that's me
2008-08-12 20:39:17 [Message] fib_1618 -> Main Room: range days are one day events - they're classified as "short term trend" indicators
2008-08-12 20:39:44 [Message] fib_1618 -> Main Room: short term meaning a day
2008-08-12 20:39:59 [Message] fib_1618 -> Main Room: it's a futures related bar pattern
2008-08-12 20:40:38 [Message] fib_1618 -> Main Room: after moving to nearly 52 week highs, the NDX breadth MCO also pulled back today
2008-08-12 20:40:55 [Message] fib_1618 -> Main Room: and the NDX breadth MCSUM is now about to cross above the -250 level
2008-08-12 20:41:14 [Message] fib_1618 -> Main Room: looking at the 10% component, we now see a series of bottoms above bottoms
2008-08-12 20:41:33 [Message] fib_1618 -> Main Room: two of which are above the zero line
2008-08-12 20:41:39 [Message] fib_1618 -> Main Room: so the strength is there
2008-08-12 20:42:04 [Message] fib_1618 -> Main Room: and with this higher high in the NDX MCO
2008-08-12 20:42:35 [Message] fib_1618 -> Main Room: this now has generated a upside price objective of 2125 where our SOB structure remains on guard
2008-08-12 20:43:16 [Message] fib_1618 -> Main Room: still...lots of work to be let's not go "all in" just yet
2008-08-12 20:43:43 [Message] fib_1618 -> Main Room: the SPX breadth MCO also moved to higher highs
2008-08-12 20:44:16 [Message] fib_1618 -> Main Room: and as we talked about last week, this was needed so that the SPX price pattern itself could break above its near term resistance
2008-08-12 20:44:57 [Message] fib_1618 -> Main Room: today's price action would then be considered as a simple snapback to what was this same resistance
2008-08-12 20:45:15 [Message] fib_1618 -> Main Room: it's all a matter of building blocks
2008-08-12 20:45:27 [Message] fib_1618 -> Main Room: you have to have one thing happen for the other to occur
2008-08-12 20:45:46 [Message] fib_1618 -> Main Room: this is why most bull markets are "grinding" affairs
2008-08-12 20:46:28 [Message] fib_1618 -> Main Room: we now have the probability of a quadruple top formation on the OEX breadth MCO
2008-08-12 20:46:49 [Message] fib_1618 -> Main Room: and it will take quite a bit of energy to break through this wall
2008-08-12 20:47:25 [Message] fib_1618 -> Main Room: so much so, that it would be a reasonable expectation to see this MCO move back to, and probably below, its zero line to prepare for such an event
2008-08-12 20:47:51 [Message] fib_1618 -> Main Room: in other words...a wall has been set up for the bulls to break through
2008-08-12 20:48:32 [Message] fib_1618 -> Main Room: and until this is accomplished, the best expectation would be for choppy, sloppy behavior
2008-08-12 20:48:57 [Message] fib_1618 -> Main Room: bottoms above bottoms continue to control the OEX breadth MCO action
2008-08-12 20:49:10 [Message] fib_1618 -> Main Room: and the OEX breadth MCSUM has now cleared its -500 level
2008-08-12 20:50:03 [Message] fib_1618 -> Main Room: so it's important to keep in mind that the OEX is still vulnerable to surprises
2008-08-12 20:50:19 [Message] fib_1618 -> Main Room: it's a tough market to trade
2008-08-12 20:50:47 [Message] Ron -> Main Room: Maybe looks like an ending diagonal triangle in OEX, an a b c correction
2008-08-12 20:51:06 [Message] fib_1618 -> Main Room: but longer term, the longer that the bulls can keep the MCO's above their zero line, the better the chances of an uptrend developing later on
2008-08-12 20:51:29 [Message] fib_1618 -> Main Room: could be Ron
2008-08-12 20:51:55 [Message] fib_1618 -> Main Room: but it would take something surprising to break the current trend
2008-08-12 20:52:04 [Message] fib_1618 -> Main Room: maybe a little more back and forth?
2008-08-12 20:52:12 [Message] fib_1618 -> Main Room: chewing up time
2008-08-12 20:52:19 [Message] fib_1618 -> Main Room: frustrating both sides
2008-08-12 20:52:25 [Message] fib_1618 -> Main Room: and then pull the plug?
2008-08-12 20:52:34 [Message] fib_1618 -> Main Room: OPEX is this week
2008-08-12 20:52:46 [Message] fib_1618 -> Main Room: so maybe a run higher into Friday
2008-08-12 20:52:56 [Message] fib_1618 -> Main Room: and then a shake out next week
2008-08-12 20:53:03 [Message] fib_1618 -> Main Room: followed by another rally attempt
2008-08-12 20:53:10 [Message] fib_1618 -> Main Room: a purge with the 9 month in September
2008-08-12 20:53:18 [Message] fib_1618 -> Main Room: the base is built
2008-08-12 20:53:21 [Message] fib_1618 -> Main Room: and off we go?
2008-08-12 20:53:45 [Message] fib_1618 -> Main Room: (shrug)
2008-08-12 20:54:52 [Message] fib_1618 -> Main Room: the MID breadth MCO also made a higher high since our last get together
2008-08-12 20:55:25 [Message] fib_1618 -> Main Room: and that should had been enough for the price pattern to break above its own resistance...but hasn't as yet
2008-08-12 20:55:58 [Message] fib_1618 -> Main Room: this spike did give us a new price objective of 850
2008-08-12 20:56:24 [Message] fib_1618 -> Main Room: inside range day on the MID as well
2008-08-12 20:56:48 [Message] fib_1618 -> Main Room: and the MID breadth MCSUM is at the -312 level
2008-08-12 20:57:06 [Message] fib_1618 -> Main Room: getting up there...but quite enough to help the price pattern break out
2008-08-12 20:57:21 [Message] fib_1618 -> Main Room: if this MCSUM was above -250, it more than likely would had occurred
2008-08-12 20:57:39 [Message] fib_1618 -> Main Room: good example is with the SML
2008-08-12 20:57:46 [Message] fib_1618 -> Main Room: where we made a higher high
2008-08-12 20:58:22 [Message] fib_1618 -> Main Room: but since the SML breadth MCSUM was already near its zero line, this breadth thrust (if you will) was able to generate the appropriate amount of movement in the price pattern itself
2008-08-12 20:58:43 [Message] fib_1618 -> Main Room: and now several things here
2008-08-12 20:58:59 [Message] fib_1618 -> Main Room: first, the initial upside MCO price objective given two weeks ago has been met
2008-08-12 20:59:30 [Message] fib_1618 -> Main Room: this higher spike made has now given us another higher objective of 410 or so
2008-08-12 20:59:48 [Message] fib_1618 -> Main Room: which isn't that much higher than where we are right now
2008-08-12 21:00:10 [Message] fib_1618 -> Main Room: the good news though is that the SML breadth MCSUM is now at its zero line with a reading of -4
2008-08-12 21:00:34 [Message] fib_1618 -> Main Room: so, intermediate term, this basket of stocks have balance between buyers and sellers
2008-08-12 21:00:45 [Message] fib_1618 -> Main Room: so we need to expect that one side is about to take control
2008-08-12 21:01:11 [Message] fib_1618 -> Main Room: being that the bulls have had used a lot of muscle to get to this point
2008-08-12 21:01:23 [Message] fib_1618 -> Main Room: it would be reasonable to expect some sort of hesitation here both internally and externally
2008-08-12 21:02:02 [Message] fib_1618 -> Main Room: with the number one thing to watch is our current zero line resistance with the MCSUM itself
2008-08-12 21:03:06 [Message] fib_1618 -> Main Room: for the bulls to take full control here, they will need to move above this same zero line resistance AND they MUST be able to take out the Summation Failure point of last July
2008-08-12 21:03:26 [Message] fib_1618 -> Main Room: so...until we move above the +100 level on the MCSUM
2008-08-12 21:03:37 [Message] fib_1618 -> Main Room: and preferably above the +250 level
2008-08-12 21:03:51 [Message] fib_1618 -> Main Room: only the short term trend can be called flat to higher
2008-08-12 21:04:17 [Message] fib_1618 -> Main Room: above these levels...then an intermediate term uptrend is underway
2008-08-12 21:04:45 [Message] fib_1618 -> Main Room: so...this tells you to concentrate your work with the SML or RUT right now
2008-08-12 21:04:53 [Message] fib_1618 -> Main Room: they are leading
2008-08-12 21:05:41 [Message] fib_1618 -> Main Room: and without this same leadership, any other trending sequence higher you might see in the large cap issues will always be questionable as to its longevity
2008-08-12 21:05:55 [Message] fib_1618 -> Main Room: so...this is a good thing
2008-08-12 21:06:01 [Message] fib_1618 -> Main Room: (if you're a bull)
2008-08-12 21:06:28 [Message] fib_1618 -> Main Room: and the TM breadth MCO remains in control of the bulls
2008-08-12 21:06:57 [Message] fib_1618 -> Main Room: with the TM breadth MCSUM only crossing above the -500 level today
2008-08-12 21:07:26 [Message] fib_1618 -> Main Room: this means that we have now traveled about 700 data points to the upside now
2008-08-12 21:07:47 [Message] fib_1618 -> Main Room: not over extended, but it remains well established with nice separation of the individual postings
2008-08-12 21:08:16 [Message] fib_1618 -> Main Room: showing the amount of money moving INTO the market
2008-08-12 21:08:41 [Message] fib_1618 -> Main Room: although, much of this is probably short covering as the time factor eats away
2008-08-12 21:09:12 [Message] fib_1618 -> Main Room: CVI's are basically neutral
2008-08-12 21:09:42 [Message] fib_1618 -> Main Room: STVO's are a bit on the "overbought" side and suggest a pause to refresh
2008-08-12 21:10:14 [Message] fib_1618 -> Main Room: and last Friday's move higher broke all of the VTO's into positive territory
2008-08-12 21:10:36 [Message] fib_1618 -> Main Room: but are not "overbought" enough to indicate a top
2008-08-12 21:10:53 [Message] fib_1618 -> Main Room: NYSE TRIN at 1.32
2008-08-12 21:11:04 [Message] fib_1618 -> Main Room: Open 10 at 1.00
2008-08-12 21:11:12 [Message] fib_1618 -> Main Room: (technically "oversold")
2008-08-12 21:11:36 [Message] fib_1618 -> Main Room: NASDAQ TRIN at .78
2008-08-12 21:11:47 [Message] fib_1618 -> Main Room: Open 10 at .86
2008-08-12 21:11:55 [Message] fib_1618 -> Main Room: nice buying there
2008-08-12 21:12:09 [Message] fib_1618 -> Main Room: TM TRIN at .87
2008-08-12 21:12:21 [Message] fib_1618 -> Main Room: Open 10 at .89 - neutral
2008-08-12 21:12:38 [Message] fib_1618 -> Main Room: about another choppy day with a bearish bias?
2008-08-12 21:12:44 [Message] fib_1618 -> Main Room: you up for it?
2008-08-12 21:13:02 [Message] fib_1618 -> Main Room: anything else?
2008-08-12 21:14:05 [Message] fib_1618 -> Main Room: don't worry will get a lot of excitement starting in the fall
2008-08-12 21:14:19 [Message] fib_1618 -> Main Room: we're way overdue for a nice trend and the MCSUM's remain in sync
2008-08-12 21:14:55 [Message] fib_1618 -> Main Room: near term...we have a nice couple of hurdles in front of us to deal with
2008-08-12 21:15:29 [Message] fib_1618 -> Main Room: after that...we should see some better action to work with
2008-08-12 21:15:37 [Message] fib_1618 -> Main Room: OK...everyone have a great rest of the day
2008-08-12 21:15:41 [Message] fib_1618 -> Main Room: and we'll chat on Thursday
2008-08-12 21:15:43 [Message] fib_1618 -> Main Room: good night
2008-08-12 21:15:52 [Message] jkw -> Main Room: Thanks Fib
2008-08-12 21:15:59 [Message] rightfield -> Main Room: good night

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