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fib_1618

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Posts: 4,458
Reply with quote  #1 
2015-09-10 16:00:19 fib1618: good day
2015-09-10 16:00:23 fib1618: how is everyone?
2015-09-10 16:00:40 thespookyone: Fine, thanks, and you?
2015-09-10 16:00:44 fib1618: doing fine
2015-09-10 16:01:01 fib1618: thanks for standing in for me on Tuesday Lew...you did a fine job!!
2015-09-10 16:01:13 thespookyone: thanks, I tried [smile]
2015-09-10 16:01:24 fib1618: did you see we had a make up session on Wednesday?
2015-09-10 16:01:30 thespookyone: no
2015-09-10 16:01:37 fib1618: check the scripts
2015-09-10 16:01:44 thespookyone: will do, thanks
2015-09-10 16:01:48 fib1618: np
2015-09-10 16:02:10 fib1618: again...my apologies...I got all messed up on the days of the week...thought it was Monday
2015-09-10 16:02:38 fib1618: OK...any questions or comments before we get started??
2015-09-10 16:04:52 fib1618: well...time's a wasting
2015-09-10 16:04:57 fib1618: so let's get SC up and get started
2015-09-10 16:05:32 fib1618: after touching the zero line on Wednesday
2015-09-10 16:05:46 fib1618: we got our obligatory bounce off this same zero line today on the NYSE CO breadth MCO
2015-09-10 16:05:58 fib1618: coming in with a reading of +10
2015-09-10 16:06:24 fib1618: we also see that the 10% Trend bounced off the 5% Trend today as well in the CO components
2015-09-10 16:06:38 fib1618: so pretty much as we expected
2015-09-10 16:06:46 fib1618: Elliott wise
2015-09-10 16:06:49 fib1618: could be wave "E"
2015-09-10 16:06:59 fib1618: hard to tell at this point though
2015-09-10 16:07:01 fib1618: but if it was
2015-09-10 16:07:29 fib1618: we should thrust down and through lower trendline support of our triangle as soon as tomorrow
2015-09-10 16:08:09 fib1618: this would then coincide with the CO MCO moving down and through its zero line as well
2015-09-10 16:08:29 fib1618: and a break of the short term rising bottoms line seen on the daily MCO chart
2015-09-10 16:08:58 fib1618: moving to the NYSE Composite breadth MCO
2015-09-10 16:09:03 fib1618: and here we had the same bounce today of about 5 points
2015-09-10 16:09:22 fib1618: so not small not for a small point change
2015-09-10 16:09:43 fib1618: but small enough to where it would suggest that there is some indecision going on right now
2015-09-10 16:09:55 fib1618: and with our entering the apex of our symmetrical triangle
2015-09-10 16:10:29 fib1618: we should see some clarity on this indecisive behavior in the next several trading days
2015-09-10 16:11:06 fib1618: taking ruler to monitor
2015-09-10 16:11:53 fib1618: and we see that the NYSE Composite breadth MCSUM has now struggled higher through one of its large downside gap areas
2015-09-10 16:12:12 fib1618: while our main MCSUM gap resistance zone remains just above current levels
2015-09-10 16:12:30 fib1618: given the amplitude of the advance so far in this MCSUM
2015-09-10 16:12:55 fib1618: it doesn't seem to be a reasonable expectation that we'll get our second wind here to break up and through this same gap resistance area
2015-09-10 16:13:23 fib1618: so we'll likely turn and move lower against this implied resistance as soon as Friday
2015-09-10 16:13:32 fib1618: though on a cursory view
2015-09-10 16:14:10 fib1618: we could continue moving in bits and pieces for another couple of days before we even reach natural resistance at the -500 level and this same gap zone
2015-09-10 16:14:22 fib1618: we'll see how that goes
2015-09-10 16:15:13 fib1618: looking at the 21 day close up chart of the NASDAQ breadth MCSUM
2015-09-10 16:15:31 fib1618: and here we see that we are close to closing this same MCSUM gap resistance area
2015-09-10 16:15:37 fib1618: so that's constructive
2015-09-10 16:15:39 fib1618: and with it
2015-09-10 16:15:58 fib1618: we continue to see decent post expansion to the upside
2015-09-10 16:16:37 fib1618: though there will still be a lot of resistance in play here according to the wide downside postings seen on the chart
2015-09-10 16:17:02 fib1618: the NASDAQ breadth MCO itself
2015-09-10 16:17:12 fib1618: had a nice bounce today
2015-09-10 16:17:22 fib1618: moving up 10 data points to the +27 level
2015-09-10 16:17:59 fib1618: so it's not a surety that we may just roll over and die here
2015-09-10 16:18:23 fib1618: it will take a bit more energy to break the backbone of this current MCO structure
2015-09-10 16:18:31 fib1618: and along with it
2015-09-10 16:18:50 fib1618: both of the NASDAQ MCO components will have to move back above their zero lines in this effort
2015-09-10 16:19:15 fib1618: which would then indicate that the 19 day and 39 day EMA's of the NAAD line have finally turned back up
2015-09-10 16:19:46 fib1618: we also saw a decent bounce in the NDX breadth MCO today
2015-09-10 16:19:56 fib1618: but until it can move above the +25 level
2015-09-10 16:20:12 fib1618: which now has two levels of horizontal resistance
2015-09-10 16:20:47 fib1618: it will be a struggle for prices to close above 4340 which is the approximate breakout point of the pattern
2015-09-10 16:21:00 fib1618: it is interesting to note though
2015-09-10 16:21:02 fib1618: that unlike the NYA
2015-09-10 16:21:18 fib1618: the NASDAQ and NDX have more of a right angle triangle configuration in play here
2015-09-10 16:21:34 fib1618: and these formations can breakout in either direction
2015-09-10 16:21:54 fib1618: though this mainly depends in how the triangle was formed at its beginning point
2015-09-10 16:21:58 fib1618: for example
2015-09-10 16:22:07 fib1618: if prices were rising
2015-09-10 16:22:24 fib1618: the top line of the right angle would provide for an upside resistance breakout
2015-09-10 16:22:36 fib1618: if prices are declining going into the formation
2015-09-10 16:22:53 fib1618: then it would be the rising bottoms line that would be controlling the pattern
2015-09-10 16:23:34 fib1618: but as a chartist
2015-09-10 16:23:44 fib1618: until the 8/21 measuring gap is closed
2015-09-10 16:23:52 fib1618: the odds suggest an downside resolution
2015-09-10 16:24:01 fib1618: so it's up to the buyers
2015-09-10 16:24:18 fib1618: moving to the SPX breadth MCO
2015-09-10 16:24:29 fib1618: and here we got our expected snapback up to the zero line today
2015-09-10 16:24:43 fib1618: and we are now balanced between buyers and sellers on a short term trending basis
2015-09-10 16:25:24 fib1618: this pretty much sets the table for an eventual breakout from the apex of the current triangle...as if written in a Hollywood script
2015-09-10 16:25:50 fib1618: the SPX MCO components, however, remain below their zero lines right now
2015-09-10 16:26:00 fib1618: and when we look at the SPX breadth MCSUM
2015-09-10 16:26:26 fib1618: we can see, what looks to be, it slopping to the downside
2015-09-10 16:26:54 fib1618: when we work with any or all momentum oscillators
2015-09-10 16:27:30 fib1618: any attempt in countering this slope of hope is usually met with disappointment
2015-09-10 16:27:48 fib1618: so the odds here suggest that we're about to gap to the downside sooner than later
2015-09-10 16:28:36 fib1618: it also doesn't help to be below the -500 level going into this kind of event after not being able to regain above this same level in the MCSUM
2015-09-10 16:28:42 fib1618: so..."no bueno" there
2015-09-10 16:29:03 fib1618: the OEX breadth MCO and MCSUM look identical right now to the SPX
2015-09-10 16:29:30 fib1618: but here the OEX breadth MCSUM is trying to hold on just below the -750 level
2015-09-10 16:29:33 fib1618: which means
2015-09-10 16:30:16 fib1618: that this basket of stocks will tend to show higher percentage losses on any breakdown from this juncture in direct relation to the total basket of 500 stocks
2015-09-10 16:30:22 fib1618: which also means
2015-09-10 16:30:38 fib1618: since this top 100 comprise nearly 80% of the weight of the 500
2015-09-10 16:31:03 fib1618: we're probably not going to have a good day for the bulls coming up
2015-09-10 16:31:15 fib1618: BTW
2015-09-10 16:31:31 fib1618: I was asked for a downside target measurement for the SPX today
2015-09-10 16:31:43 fib1618: and if we break the triangle at 1925 cash
2015-09-10 16:31:59 fib1618: the downside target is 1859
2015-09-10 16:32:07 fib1618: what's interesting about that is
2015-09-10 16:32:20 fib1618: it would be below the closing lows of the 8/24-8/25 crash event
2015-09-10 16:32:29 fib1618: and if the MCO's can hold divergence
2015-09-10 16:32:47 fib1618: our blueprint would continue to be valid
2015-09-10 16:33:17 fib1618: and for the Elliottician's out there
2015-09-10 16:33:26 fib1618: would satisfy wave 5
2015-09-10 16:33:33 fib1618: in fact
2015-09-10 16:33:40 fib1618: let me do a click calc on that
2015-09-10 16:34:45 fib1618: .618 of wave 3 would come out at around 1806
2015-09-10 16:35:08 fib1618: I'm basing this on today's close of 1952
2015-09-10 16:35:17 fib1618: for fun
2015-09-10 16:35:59 fib1618: equality would come at 1719
2015-09-10 16:36:16 fib1618: just in case you folks have other downside targets working right now
2015-09-10 16:36:32 fib1618: that would be equality with wave 3 BTW
2015-09-10 16:36:42 fib1618: wave 1 would have us around 1890
2015-09-10 16:36:53 fib1618: so enough math for now
2015-09-10 16:37:19 fib1618: the Dow breadth MCO was actually able to move back above the zero line today
2015-09-10 16:37:49 fib1618: but the Dow components are actually weaker than that of the SPX and OEX
2015-09-10 16:38:08 fib1618: so there's not much in the way of any hope that the Dow is somehow leading the large caps to the upside near term
2015-09-10 16:38:54 fib1618: for fun
2015-09-10 16:39:06 fib1618: the 5th wave calc for the Dow is 15,197
2015-09-10 16:39:39 fib1618: notice also where the posting are in the Dow breadth MCSUM
2015-09-10 16:39:45 fib1618: just below the -1000 level
2015-09-10 16:40:11 fib1618: so the SPX is at -500; the OEX is at -750; and the Dow is at -1000
2015-09-10 16:40:42 fib1618: pretty amazing how these 250 increments can have so much influence on the trend of breadth
2015-09-10 16:41:18 fib1618: we got a small bounce higher as well on the MID breadth MCO
2015-09-10 16:41:48 fib1618: but not nearly enough to breath a sigh of relief...if anything...more of a obligatory technical bounce if anything else
2015-09-10 16:42:19 fib1618: same thing with the SML breadth MCO
2015-09-10 16:42:43 fib1618: as we pretty much either had bounces off the MCO zero lines or the short term rising trends in these same MCO's
2015-09-10 16:43:11 fib1618: and a small bounce as well in the TM breadth MCO to the +19 level
2015-09-10 16:43:18 fib1618: so not enough to challenge +25 as yet
2015-09-10 16:43:31 fib1618: and unless we see a solid push by Monday
2015-09-10 16:44:02 fib1618: we're then likely to see this, and pretty much all of the breadth MCO's, move decisively back below their zero lines to reset their patterns
2015-09-10 16:44:05 fib1618: so...
2015-09-10 16:44:26 fib1618: as much as we see chaos in the prices are moving to and fro
2015-09-10 16:45:00 fib1618: underneath it all we're still showing typical cadences with the internals
2015-09-10 16:45:25 fib1618: with many MCO's bouncing off their zero lines today
2015-09-10 16:45:41 fib1618: tomorrow becomes somewhat important for the ongoing corrective sequence
2015-09-10 16:46:01 fib1618: as the buyers may be able to put in another hard day at the office and keep hope alive over the weekend
2015-09-10 16:46:40 fib1618: but we're getting more and more information now that it's not likely that they will be successful in keeping, what looks to be, the inevitable from happening
2015-09-10 16:46:55 fib1618: where another challenge of the 8/24 lows is highly probable
2015-09-10 16:47:20 fib1618: and from there we'll see how constructive it looks after all is said and done
2015-09-10 16:47:27 fib1618: moving to the sectors
2015-09-10 16:47:59 fib1618: and we see that there was a slight bounce higher as well in the XLY breadth MCO
2015-09-10 16:48:23 fib1618: but here we're a bit away from the zero line in this effort to find near term balance between buyers and sellers
2015-09-10 16:48:37 fib1618: so, for now. control remains with the bears there
2015-09-10 16:49:30 fib1618: and we can see that the XLY breadth MCSUM is actually sliding to the downside now
2015-09-10 16:49:57 fib1618: while breaking horizontal support today with the lows seen in June
2015-09-10 16:50:01 fib1618: if breadth leads price
2015-09-10 16:50:17 fib1618: then we should see a downside resolution there near term in the XLY chart
2015-09-10 16:50:49 fib1618: the XLP breadth MCO doesn't have much to grow on either
2015-09-10 16:51:24 fib1618: as the price pattern continues to echo the symmetrical triangle configuration that's quite prominent right now in many of the major indices
2015-09-10 16:52:30 fib1618: and this zig zag effect we see with the XLP breadth MCO isn't showing the kind of strength the buyers would be looking for to change the direction of the current trend
2015-09-10 16:52:52 fib1618: moving to the XLE breadth MCO
2015-09-10 16:53:06 fib1618: and it continues to provide a complex bullish structure above its zero line
2015-09-10 16:53:36 fib1618: and this isn't too surprising given how "oversold" we got in the XLE breadth MCSUM as the market attempts to relieve this imbalance
2015-09-10 16:54:24 fib1618: with the XLE breadth MCSUM now approaching its next potential area of natural resistance at the -1250 level
2015-09-10 16:54:50 fib1618: as well as the highs seen in the July period
2015-09-10 16:55:24 fib1618: it's going to take another thrust above the highs seen at the end of August on the XLE breadth MCO to break above these levels of resistance
2015-09-10 16:55:36 fib1618: which, given the markets internal bias right now
2015-09-10 16:55:42 fib1618: doesn't seem doable
2015-09-10 16:56:08 fib1618: so a full snapback to the XLE breadth MCO would be our near term minimum expectations
2015-09-10 16:56:53 fib1618: and that should reset things enough to where a new attempt to break above this same same areas of resistance is likely to be successful
2015-09-10 16:56:58 fib1618: which would include
2015-09-10 16:57:10 fib1618: both of the XLE MCO components also moving above their zero lines as well
2015-09-10 16:57:28 fib1618: so again...too soon to move long
2015-09-10 16:57:40 fib1618: just something to watch from the sidelines for now
2015-09-10 16:58:11 fib1618: beautiful symmetrical triangle on the XLF price chart
2015-09-10 16:58:17 fib1618: you can actually read that one with braille [smile]
2015-09-10 16:58:36 fib1618: and surprise surprise
2015-09-10 16:58:54 fib1618: the XLF breadth MCO closed today with a +1 reading
2015-09-10 16:59:02 fib1618: so the table is set there
2015-09-10 16:59:10 fib1618: where one side is about to take control
2015-09-10 16:59:13 fib1618: note also
2015-09-10 16:59:37 fib1618: that the XLF breadth MCSUM is attempting to hold at just below the -250 level
2015-09-10 17:00:01 fib1618: but looking at the failures of the last week or so on the 21 day close up chart of the XLF breadth MCSUM
2015-09-10 17:00:13 fib1618: it's not likely that we'll see a turnaround there
2015-09-10 17:00:16 fib1618: and more than likely
2015-09-10 17:00:31 fib1618: we'll have to see how things are as we move toward the -500 level
2015-09-10 17:01:10 fib1618: moving to the XLV breadth MCO
2015-09-10 17:01:38 fib1618: and here we're seeing quite a struggle in finding monetary support for this basket of issues
2015-09-10 17:02:04 fib1618: and then we see that the XLV breadth MCSUM is now at the -750 level
2015-09-10 17:02:22 fib1618: and showing nothing in the way of slowing this downside trend
2015-09-10 17:02:59 fib1618: so the XLV basket continues to be very weak here
2015-09-10 17:03:32 fib1618: and I can't even give a downside target without expanding the date axis...so give me a moment
2015-09-10 17:04:15 fib1618: looks like the October 2014 lows around $58
2015-09-10 17:04:24 fib1618: wonder what's going on there?
2015-09-10 17:04:34 fib1618: you would think with open enrollment just 2 months away for ACA
2015-09-10 17:04:47 fib1618: that we would find some support
2015-09-10 17:04:51 fib1618: interesting
2015-09-10 17:05:09 fib1618: BTW
2015-09-10 17:05:32 fib1618: the XLV breadth MCSUM is now at its lowest level since June of 2012
2015-09-10 17:05:42 fib1618: if you can
2015-09-10 17:05:59 fib1618: expand the XLV chart on your monitors to a 4 year period
2015-09-10 17:06:15 fib1618: and look at how long the XLV breadth MCSUM has been above its zero line during that time
2015-09-10 17:06:44 fib1618: except for brief time in October of 2014
2015-09-10 17:07:11 fib1618: this MCSUM had been above its zero line for 3 straight years
2015-09-10 17:07:15 fib1618: unheard of!
2015-09-10 17:07:27 fib1618: boy...talk about a major correction in the making
2015-09-10 17:07:51 fib1618: so a break of the June 2012 lows in the MCSUM
2015-09-10 17:08:09 fib1618: would confirm a break of this longer term up trend in prices
2015-09-10 17:08:13 fib1618: wow
2015-09-10 17:08:46 fib1618: so if you know someone who is into these kinds of issues...help them out
2015-09-10 17:09:00 fib1618: being that it's a defensive sector as it is
2015-09-10 17:09:18 fib1618: there are many Aunt Minnie's and Uncle Charlie's in these issues
2015-09-10 17:09:26 fib1618: and thinking they're "immune"
2015-09-10 17:10:27 fib1618: the XLI breadth MCO is right below its zero line with a -4 reading
2015-09-10 17:10:54 fib1618: and looking at the price chart
2015-09-10 17:11:11 fib1618: and we see that we had an quick intraday snapback completion on Wednesday
2015-09-10 17:11:30 fib1618: it also closed the downside gap of 8/21 as well
2015-09-10 17:11:54 fib1618: makes you think that they went after the stops and then moved quickly back into the triangle
2015-09-10 17:12:05 fib1618: not likely given that this is an ETF
2015-09-10 17:12:16 fib1618: but interesting on the timing
2015-09-10 17:12:49 fib1618: the XLB breadth MCO also bounced higher today
2015-09-10 17:13:24 fib1618: but the pattern remains below the important August highs
2015-09-10 17:13:44 fib1618: and as long as that holds
2015-09-10 17:14:21 fib1618: it doesn't seem reasonable that we're going to get much better than the -1000 level on the XLB breadth MCSUM
2015-09-10 17:14:41 fib1618: taking ruler to monitor here
2015-09-10 17:15:10 fib1618: and it looks like we closed right on the declining tops line connecting the June and August peaks in the pattern
2015-09-10 17:15:23 fib1618: so we might not even see -1100
2015-09-10 17:15:51 fib1618: the XLK breadth MCO has a constructive look to it
2015-09-10 17:16:04 fib1618: as it peaked out on Tuesday
2015-09-10 17:16:13 fib1618: snapped back to the zero line on Wednesday
2015-09-10 17:16:21 fib1618: and then bounced off the zero line today
2015-09-10 17:16:23 fib1618: still
2015-09-10 17:16:27 fib1618: until we make a higher high
2015-09-10 17:17:03 fib1618: especially above the triple top highs of August
2015-09-10 17:17:18 fib1618: we're not likely to see much in the way of improvement there
2015-09-10 17:17:27 fib1618: also of note
2015-09-10 17:17:33 fib1618: is that we're at the -500 level now on the XLK breadth MCSUM
2015-09-10 17:18:00 fib1618: so it doesn't seem like it's going to get any better near term
2015-09-10 17:18:13 fib1618: just the sense I get
2015-09-10 17:18:23 fib1618: gosh
2015-09-10 17:18:36 fib1618: and the XLU breadth MCO continues to look very weak here
2015-09-10 17:19:00 fib1618: having not been able to take out the late August spike as yet
2015-09-10 17:19:34 fib1618: and with both the XLU components below their zero lines now
2015-09-10 17:19:37 fib1618: boy
2015-09-10 17:19:46 fib1618: this market looks heavy with a capital H
2015-09-10 17:20:26 fib1618: even the XLU breadth MCSUM is showing both a break of trend AND a move back below the +500 level
2015-09-10 17:20:33 fib1618: not worth the risk there
2015-09-10 17:20:37 fib1618: so..
2015-09-10 17:20:56 fib1618: there's nothing really speaking strength right now
2015-09-10 17:21:00 fib1618: and here we are
2015-09-10 17:21:26 fib1618: about to move in one direction or the other out of compressed indecision pattern
2015-09-10 17:21:36 fib1618: not a good combination for the longs
2015-09-10 17:22:03 fib1618: looks like the bulls are holding on by the tip of the hooves now
2015-09-10 17:22:20 fib1618: but we've seen stranger things happen, I guess
2015-09-10 17:22:31 fib1618: let's see how the OBV's look
2015-09-10 17:23:09 fib1618: CVI's continue to get whipsawed
2015-09-10 17:23:15 fib1618: STVO's are now neutral
2015-09-10 17:23:25 fib1618: boy...we're sure set up for a big move now
2015-09-10 17:23:48 fib1618: VTO's are just now starting to climb up and out of their highly "oversold" levels
2015-09-10 17:24:02 fib1618: but it's probably too little, too late there to make a difference
2015-09-10 17:24:19 fib1618: NYSE TRIN at .78
2015-09-10 17:24:31 fib1618: OPEN 10 at .98
2015-09-10 17:25:38 fib1618: with the good news that the 21 day SMA and 55 day SMA of the NYSE TRIN are now at lows not seen since late 2011
2015-09-10 17:26:11 fib1618: but the bad news is that both just broke below the previous lows after that which took place in July of 2012
2015-09-10 17:26:19 fib1618: not a good omen...short term
2015-09-10 17:26:31 fib1618: wow
2015-09-10 17:26:37 fib1618: if you take the NYSE TRIN chart
2015-09-10 17:26:48 fib1618: and expand it to a 5 year range
2015-09-10 17:27:05 fib1618: you can really see the rounding top formation the New York Composite
2015-09-10 17:27:07 fib1618: impressive
2015-09-10 17:27:49 fib1618: NASDAQ TRIN at .76
2015-09-10 17:27:59 fib1618: Open 10 at .94
2015-09-10 17:28:11 fib1618: TM TRIN at .73
2015-09-10 17:28:22 fib1618: Open 10 at .95
2015-09-10 17:28:27 fib1618: so...
2015-09-10 17:28:42 fib1618: if the market is going to make a statement
2015-09-10 17:28:49 fib1618: this would be as good a time as any to do so
2015-09-10 17:29:03 fib1618: not a lot to work with right now
2015-09-10 17:29:16 fib1618: but if things go as "planned"
2015-09-10 17:29:31 fib1618: we should be able to better time any future market bottom to work with very soon
2015-09-10 17:29:36 fib1618: but for now
2015-09-10 17:29:56 fib1618: shorting rallies seems to be the best strategy for right now
2015-09-10 17:30:17 fib1618: and we'll have to see how things sort out over the next several days...
2015-09-10 17:30:33 fib1618: with FED watch and OPEX next week thrown in just to make it interesting
2015-09-10 17:30:37 fib1618: anything else?
2015-09-10 17:31:58 fib1618: then again
2015-09-10 17:32:08 fib1618: today may had been a bottom too since the chat has been so bearish [smile]
2015-09-10 17:32:35 fib1618: let me check the BETS
2015-09-10 17:34:22 fib1618: the good news is that the TICK is back into a Bullish Configuration
2015-09-10 17:34:43 fib1618: the bad news is...even with the that...we're still at a -70
2015-09-10 17:34:58 fib1618: we're just dragging along
2015-09-10 17:35:27 fib1618: nothing else?
2015-09-10 17:36:03 fib1618: OK...well...if there's nothing else
2015-09-10 17:36:06 fib1618: I'm going to take off
2015-09-10 17:36:14 fib1618: everyone have a great weekend ahead
2015-09-10 17:36:22 fib1618: and we'll do this all again on Tuesday of next week
2015-09-10 17:36:24 fib1618: good night


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"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

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