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Posts: 5,011
Reply with quote  #1 
2012-09-12 16:01:17 [Message] fib_1618 -> Chat: good day
2012-09-12 16:01:26 [Message] fib_1618 -> Chat: how is everyone?
2012-09-12 16:01:46 [Message] fib_1618 -> Chat: are we having fun yet?
2012-09-12 16:02:06 [Message] thespookyone -> Chat: so far, so good!
2012-09-12 16:03:10 [Message] fib_1618 -> Chat: OK...any questions, comments or problems???
2012-09-12 16:03:28 [Message] thespookyone -> Chat: day was as expected, eh?
2012-09-12 16:03:43 [Message] fib_1618 -> Chat: pretty much
2012-09-12 16:03:51 [Message] fib_1618 -> Chat: Germany was no news
2012-09-12 16:03:58 [Message] fib_1618 -> Chat: Apple was no news
2012-09-12 16:04:08 [Message] fib_1618 -> Chat: and money kept flowing in
2012-09-12 16:04:13 [Message] thespookyone -> Chat: yep
2012-09-12 16:04:26 [Message] fib_1618 -> Chat: now the last of our distractions...the FED tomorrow
2012-09-12 16:04:35 [Message] fib_1618 -> Chat: WWW was nice and easy
2012-09-12 16:04:51 [Message] thespookyone -> Chat: wow, forgot all about it
2012-09-12 16:04:53 [Message] fib_1618 -> Chat: symmetrical triangle intraday
2012-09-12 16:05:19 [Message] fib_1618 -> Chat: and let's see how futures are right now
2012-09-12 16:05:33 [Message] fib_1618 -> Chat: Dow up 28 cash
2012-09-12 16:05:50 [Message] fib_1618 -> Chat: SPX cash up 3.09
2012-09-12 16:06:12 [Message] fib_1618 -> Chat: I couldn't even imagine what it would be like holding shorts right now
2012-09-12 16:06:14 [Message] thespookyone -> Chat: gotta say, I could live with a gap up, LOL
2012-09-12 16:06:27 [Message] fib_1618 -> Chat: gotta might get one
2012-09-12 16:06:46 [Message] fib_1618 -> Chat: we have jobless claims in the morning
2012-09-12 16:06:58 [Message] thespookyone -> Chat: couple folks short in my room-they see the market WON'T go down
2012-09-12 16:07:03 [Message] fib_1618 -> Chat: retail will be starting to hire for the holidays over the next two weeks
2012-09-12 16:07:40 [Message] fib_1618 -> Chat: and skirt lengths are now moving higher for Spring 2013
2012-09-12 16:07:49 [Message] thespookyone -> Chat: sweet
2012-09-12 16:08:01 [Message] fib_1618 -> Chat: thought you would like that
2012-09-12 16:08:12 [Message] thespookyone -> Chat: I'm a believer!
2012-09-12 16:08:45 [Message] fib_1618 -> Chat: OK...if there's nothing on your minds, let me get DP up and we'll get started
2012-09-12 16:09:18 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO continued to move higher today
2012-09-12 16:09:26 [Message] fib_1618 -> Chat: but still remains below the August peaks
2012-09-12 16:09:40 [Message] fib_1618 -> Chat: no less last Friday's peak
2012-09-12 16:09:46 [Message] fib_1618 -> Chat: looking at the NYA price pattern
2012-09-12 16:09:57 [Message] fib_1618 -> Chat: and we closed today at new recovery highs from the 2009 lows
2012-09-12 16:10:04 [Message] fib_1618 -> Chat: that would also mean new 2012 highs
2012-09-12 16:10:30 [Message] fib_1618 -> Chat: with the CO MCO remaining strong
2012-09-12 16:10:52 [Message] fib_1618 -> Chat: the CO NYSE breadth MCSUM continues towards its appointment with the +500 level
2012-09-12 16:11:02 [Message] fib_1618 -> Chat: now with a +406 reading
2012-09-12 16:11:28 [Message] fib_1618 -> Chat: so the reasonable expectation here is that we're likely to challenge the +500 as soon as this Friday
2012-09-12 16:12:04 [Message] fib_1618 -> Chat: moving to the composite NYSE breadth MCO
2012-09-12 16:12:20 [Message] fib_1618 -> Chat: and although it's still falling behind the CO data
2012-09-12 16:12:37 [Message] fib_1618 -> Chat: we did move to new highs today taking out last Friday's peak
2012-09-12 16:12:48 [Message] fib_1618 -> Chat: this then confirms the new recovery highs in the NYA index
2012-09-12 16:13:07 [Message] fib_1618 -> Chat: and simultaneously
2012-09-12 16:13:28 [Message] fib_1618 -> Chat: since everything MUST work together toward a specific goal
2012-09-12 16:13:51 [Message] fib_1618 -> Chat: the composite NYSE breadth MCSUM broke above its horizontal range seen on the chart
2012-09-12 16:14:08 [Message] fib_1618 -> Chat: and this would give another confirmation of today's new recovery price highs
2012-09-12 16:14:10 [Message] fib_1618 -> Chat: so far then
2012-09-12 16:14:15 [Message] fib_1618 -> Chat: a very good day for the bulls
2012-09-12 16:14:27 [Message] fib_1618 -> Chat: on a day in which it would seem that nothing much was happening
2012-09-12 16:14:39 [Message] fib_1618 -> Chat: for the rest of the folks out there
2012-09-12 16:14:58 [Message] fib_1618 -> Chat: they will feel today's simultaneous moves in both breadth and price as soon as tomorrow
2012-09-12 16:15:08 [Message] fib_1618 -> Chat: it should also be pointed out
2012-09-12 16:15:17 [Message] fib_1618 -> Chat: that at around 15:30 today
2012-09-12 16:15:29 [Message] fib_1618 -> Chat: we had a nice influx of capital moving into the NYSE
2012-09-12 16:15:51 [Message] fib_1618 -> Chat: so it would seem that whatever the Fed might be planning for tomorrow
2012-09-12 16:16:14 [Message] fib_1618 -> Chat: big money is betting that we're now in the clear and a new leg in the uptrend is now underway
2012-09-12 16:16:43 [Message] fib_1618 -> Chat: notice also on this latest move up in the NYSE breadth MCO
2012-09-12 16:16:55 [Message] fib_1618 -> Chat: that we finally have a nice amount of texture to the pattern
2012-09-12 16:17:04 [Message] fib_1618 -> Chat: unlike previous up and down movements in the MCO
2012-09-12 16:17:11 [Message] fib_1618 -> Chat: this one is jagged...stop and start
2012-09-12 16:17:34 [Message] fib_1618 -> Chat: this would then suggest that the bulls are full control of the situation at this time
2012-09-12 16:18:02 [Message] fib_1618 -> Chat: and we can then go ahead and move back to the "buy on dips" mode...or straight out accumulation where warranted
2012-09-12 16:18:24 [Message] fib_1618 -> Chat: one of the analogies we've used in here for many years is that
2012-09-12 16:18:35 [Message] fib_1618 -> Chat: all we want to do when trading a trend
2012-09-12 16:18:50 [Message] fib_1618 -> Chat: is that on a train trip from Los Angeles to New York
2012-09-12 16:19:05 [Message] fib_1618 -> Chat: all we want to do is get on in Las Vegas and get off in Philadelphia
2012-09-12 16:19:13 [Message] fib_1618 -> Chat: no need to go the complete distance
2012-09-12 16:19:19 [Message] fib_1618 -> Chat: all we want is the meat of the trip
2012-09-12 16:19:34 [Message] fib_1618 -> Chat: today's breakouts in the NYSE therefore is getting on in Vegas
2012-09-12 16:19:45 [Message] fib_1618 -> Chat: "all aboard!"
2012-09-12 16:20:41 [Message] fib_1618 -> Chat: how confident of this train ride will, again, come from moving above the August MCO peaks on as many "stations" as possible
2012-09-12 16:20:59 [Message] fib_1618 -> Chat: so let's see what the NASDAQ looks like
2012-09-12 16:21:24 [Message] fib_1618 -> Chat: the NASDAQ breadth MCO also had a small positive number today
2012-09-12 16:21:30 [Message] fib_1618 -> Chat: so very much like the CO data
2012-09-12 16:21:49 [Message] fib_1618 -> Chat: here too we're waiting for some sort of confirmation on the longevity of the upcoming trip
2012-09-12 16:21:58 [Message] fib_1618 -> Chat: looking at the NASDAQ breadth MCSUM
2012-09-12 16:22:16 [Message] fib_1618 -> Chat: and you can see how dynamic is now in the degree of post separation to the upside
2012-09-12 16:22:41 [Message] fib_1618 -> Chat: keeping in mind that the larger the gaps between points, the more the money that is moving into this marketplace
2012-09-12 16:23:04 [Message] fib_1618 -> Chat: this money flow also helps it keeping the price average in a consolidation mode
2012-09-12 16:23:12 [Message] fib_1618 -> Chat: while it waits for more participation for it breakout
2012-09-12 16:23:36 [Message] fib_1618 -> Chat: and it can STAY above the previous spring highs of this year
2012-09-12 16:24:00 [Message] fib_1618 -> Chat: still looking at the NASDAQ breadth MCSUM
2012-09-12 16:24:53 [Message] fib_1618 -> Chat: and we see that today's number of +175 makes it a couple a days away from the big test of both the +250 level AND the prior pattern resistance point we see March period that gave us our divergent highs
2012-09-12 16:25:08 [Message] fib_1618 -> Chat: order for prices to actually trend here
2012-09-12 16:25:30 [Message] fib_1618 -> Chat: it will be highly important that the bulls are able to take out this important level of resistance
2012-09-12 16:25:38 [Message] fib_1618 -> Chat: and the more robust the breakout
2012-09-12 16:26:01 [Message] fib_1618 -> Chat: the more amplitude we'll see in the price pattern given the longer term charting in this index
2012-09-12 16:26:21 [Message] fib_1618 -> Chat: another small point change in the NDX breadth MCO
2012-09-12 16:26:46 [Message] fib_1618 -> Chat: and the NDX breadth MCSUM remains right at the zero line now with a +2 reading
2012-09-12 16:26:58 [Message] fib_1618 -> Chat: one side then is about to take control on an intermediate term basis
2012-09-12 16:27:16 [Message] fib_1618 -> Chat: so given the bullish forecast given by the NYSE composite data
2012-09-12 16:27:54 [Message] fib_1618 -> Chat: the odds are pretty good that we're going to see the bulls flexing their proverbial muscles here over the near term
2012-09-12 16:28:38 [Message] fib_1618 -> Chat: the SPX breadth MCO also moved slightly higher today
2012-09-12 16:28:45 [Message] fib_1618 -> Chat: but remains below its Friday's highs
2012-09-12 16:29:23 [Message] fib_1618 -> Chat: getting the sense now that we're likely to see a thrust higher here in the SPX breadth MCO based on its look
2012-09-12 16:29:44 [Message] fib_1618 -> Chat: looking at the SPX breadth MCSUM
2012-09-12 16:29:59 [Message] fib_1618 -> Chat: and we have reclaimed the level above +250
2012-09-12 16:30:09 [Message] fib_1618 -> Chat: with a +254
2012-09-12 16:30:14 [Message] fib_1618 -> Chat: still not enough to go all in
2012-09-12 16:30:25 [Message] fib_1618 -> Chat: but continuing to be constructive
2012-09-12 16:30:52 [Message] fib_1618 -> Chat: the OEX breadth MCO did take out last weeks highs today
2012-09-12 16:31:04 [Message] fib_1618 -> Chat: so the SPX shouldn't be too far behind in doing so
2012-09-12 16:32:00 [Message] fib_1618 -> Chat: putting ruler to monitor on the OEX breadth MCSUM's series of declining tops from the July period
2012-09-12 16:32:15 [Message] fib_1618 -> Chat: shows that we have today perceptively broken above this line of negative influence
2012-09-12 16:32:19 [Message] fib_1618 -> Chat: if this is indeed the case
2012-09-12 16:32:35 [Message] fib_1618 -> Chat: we should see sharp follow through on this violation as soon as tomorrow
2012-09-12 16:33:18 [Message] fib_1618 -> Chat: the Dow breadth MCO also built on yesterday's new highs above last Friday's peak
2012-09-12 16:33:48 [Message] fib_1618 -> Chat: and this translated to an even wider gap to the upside on the Dow breadth MCSUM
2012-09-12 16:34:03 [Message] fib_1618 -> Chat: our only caveat here is that last lower low in the MCO
2012-09-12 16:34:08 [Message] fib_1618 -> Chat: will it need to be tested?
2012-09-12 16:34:32 [Message] fib_1618 -> Chat: or is money moving in such large amounts that the dynamics of this idea won't be able to take place
2012-09-12 16:34:33 [Message] fib_1618 -> Chat: of course
2012-09-12 16:34:46 [Message] fib_1618 -> Chat: anytime you say something like that it's usually the kiss of death
2012-09-12 16:35:00 [Message] fib_1618 -> Chat: so we'll have to see how this sorts out
2012-09-12 16:35:56 [Message] fib_1618 -> Chat: the MID breadth MCO moved slightly higher today as well
2012-09-12 16:36:11 [Message] fib_1618 -> Chat: and looking at the 21 day close up the MID price pattern
2012-09-12 16:36:29 [Message] fib_1618 -> Chat: and we're seeing a textbook "pause to refresh" pattern
2012-09-12 16:36:41 [Message] fib_1618 -> Chat: what many chartists refer to as a bull flag
2012-09-12 16:36:53 [Message] fib_1618 -> Chat: the pole is last Thursday's move
2012-09-12 16:37:20 [Message] fib_1618 -> Chat: and the flag is created during this same pause as to "look around and see if everyone is going to salute it or not"
2012-09-12 16:37:38 [Message] fib_1618 -> Chat: and in this particular case
2012-09-12 16:38:01 [Message] fib_1618 -> Chat: we continue to stay above the level in which the last of the unwilling buyers bought back in the spring
2012-09-12 16:38:20 [Message] fib_1618 -> Chat: and this would suggest that traders pretty much agree as to current value of this index as being fair
2012-09-12 16:38:52 [Message] fib_1618 -> Chat: which then allows for either appreciation or depreciation from this fairly valued state
2012-09-12 16:39:05 [Message] fib_1618 -> Chat: given the underlying current here of money flow
2012-09-12 16:39:23 [Message] fib_1618 -> Chat: the odds suggest that we're likely to appreciate in value sooner than later
2012-09-12 16:39:47 [Message] fib_1618 -> Chat: small point change in the SML breadth MCO
2012-09-12 16:40:08 [Message] fib_1618 -> Chat: and we were able to move above the +500 level today in the SML breadth MCSUM without any problems at all
2012-09-12 16:40:22 [Message] fib_1618 -> Chat: this is a highly bullish event for the intermediate term
2012-09-12 16:40:34 [Message] fib_1618 -> Chat: and along with the composite NYSE breadth MCSUM
2012-09-12 16:41:21 [Message] fib_1618 -> Chat: the probabilities are now high that we're probably going to rally here for the next 4-6 weeks
2012-09-12 16:41:38 [Message] fib_1618 -> Chat: at this point
2012-09-12 16:41:43 [Message] fib_1618 -> Chat: let's call it for mid October
2012-09-12 16:41:49 [Message] fib_1618 -> Chat: what this also does
2012-09-12 16:41:58 [Message] fib_1618 -> Chat: is that the month of September will likely be a positive one
2012-09-12 16:42:15 [Message] fib_1618 -> Chat: and if I remember correctly...let me look at something
2012-09-12 16:43:08 [Message] fib_1618 -> Chat: that would be the fourth straight month of price gains
2012-09-12 16:43:11 [Message] fib_1618 -> Chat: moment
2012-09-12 16:44:03 [Message] fib_1618 -> Chat: and in the last 43 months of trading
2012-09-12 16:44:19 [Message] fib_1618 -> Chat: the Dow will had been up in 32 of those months
2012-09-12 16:44:36 [Message] fib_1618 -> Chat: 75% of the time
2012-09-12 16:44:42 [Message] fib_1618 -> Chat: not bad
2012-09-12 16:45:12 [Message] fib_1618 -> Chat: and this would answer the main question on why most who are leaning bullish here seem to be ummmm...what's the descriptor?
2012-09-12 16:45:17 [Message] fib_1618 -> Chat: oh yea...PERMAbulls
2012-09-12 16:45:41 [Message] fib_1618 -> Chat: ready for this?
2012-09-12 16:45:55 [Message] fib_1618 -> Chat: since September of last year
2012-09-12 16:46:01 [Message] fib_1618 -> Chat: we've only had on down month
2012-09-12 16:46:15 [Message] fib_1618 -> Chat: and that was May
2012-09-12 16:46:43 [Message] fib_1618 -> Chat: you know...
2012-09-12 16:46:50 [Message] fib_1618 -> Chat: the month in which you sell and go away?
2012-09-12 16:46:59 [Message] fib_1618 -> Chat: since May
2012-09-12 16:47:42 [Message] fib_1618 -> Chat: the Dow is up 10%
2012-09-12 16:47:55 [Message] fib_1618 -> Chat: very impressive
2012-09-12 16:48:03 [Message] fib_1618 -> Chat: and all the while
2012-09-12 16:48:06 [Message] fib_1618 -> Chat: worry, worry, worry
2012-09-12 16:49:00 [Message] fib_1618 -> Chat:  of course, there are differences in the other averages
2012-09-12 16:49:16 [Message] fib_1618 -> Chat: I just looked at the Dow because its the default in Stock Charts
2012-09-12 16:49:51 [Message] fib_1618 -> Chat: and the TM breadth MCO is just slightly below last weeks highs now
2012-09-12 16:50:06 [Message] fib_1618 -> Chat: and notice that the Wilshire closed at new recovery highs today
2012-09-12 16:50:14 [Message] fib_1618 -> Chat: pretty sneaky market here
2012-09-12 16:50:27 [Message] fib_1618 -> Chat: keeping everyone on their heels while it continues to appreciate in value
2012-09-12 16:51:00 [Message] fib_1618 -> Chat: and the TM breadth MCSUM is now within a couple of days from challenging its +500 level
2012-09-12 16:51:09 [Message] fib_1618 -> Chat: and if successful in moving above this level
2012-09-12 16:51:24 [Message] fib_1618 -> Chat: the total market go really start to go here
2012-09-12 16:51:34 [Message] fib_1618 -> Chat: so...
2012-09-12 16:51:43 [Message] fib_1618 -> Chat: what was a pretty boring day on the surface
2012-09-12 16:51:58 [Message] fib_1618 -> Chat: is telling a whole different story if we look below the surface
2012-09-12 16:52:07 [Message] fib_1618 -> Chat: money continues to support prices at this level
2012-09-12 16:52:28 [Message] fib_1618 -> Chat: and more and more conviction is moving in on top of that
2012-09-12 16:53:07 [Message] fib_1618 -> Chat: the CO NYSE volume MCO had a small point change higher today
2012-09-12 16:53:30 [Message] fib_1618 -> Chat: and now the CO NYSE volume MCSUM is at the +634 level
2012-09-12 16:53:41 [Message] fib_1618 -> Chat: so there's plenty of volume supporting prices right now
2012-09-12 16:54:03 [Message] fib_1618 -> Chat: interesting that we're not hearing about any volume problems of late
2012-09-12 16:54:39 [Message] fib_1618 -> Chat: as daily volume has been above average since last week
2012-09-12 16:54:48 [Message] fib_1618 -> Chat: which also helps keep prices from decaying
2012-09-12 16:54:53 [Message] fib_1618 -> Chat: so far then...
2012-09-12 16:55:14 [Message] fib_1618 -> Chat: our blueprint from August is really doing a bang up job of keeping us on point
2012-09-12 16:55:50 [Message] fib_1618 -> Chat: although we had a higher high on the breadth side
2012-09-12 16:56:12 [Message] fib_1618 -> Chat: the NYSE composite volume MCO still hasn't moved above this comparable level
2012-09-12 16:56:24 [Message] fib_1618 -> Chat: so that has to be sorted before we can move forward
2012-09-12 16:56:30 [Message] fib_1618 -> Chat: let me see how plurality was today
2012-09-12 16:56:46 [Message] fib_1618 -> Chat: 2172/1308
2012-09-12 16:56:51 [Message] fib_1618 -> Chat: so not bad
2012-09-12 16:57:16 [Message] fib_1618 -> Chat: but we definitely need more than this if we're going to have smooth travels on our train trip
2012-09-12 16:57:56 [Message] fib_1618 -> Chat: also note that today's close on the volume MCO is right at the levels in which the pattern was pushed back 3 other times in the recent past
2012-09-12 16:58:08 [Message] fib_1618 -> Chat: so if there is to be a breakout this time around
2012-09-12 16:58:17 [Message] fib_1618 -> Chat: it will tend to be a significant event
2012-09-12 16:58:27 [Message] fib_1618 -> Chat: as it would breaking through a brick wall of sorts
2012-09-12 16:58:39 [Message] fib_1618 -> Chat: there would have to be a lot of force behind the move
2012-09-12 16:59:50 [Message] fib_1618 -> Chat: volume plurality remains rather insipid on the NASDAQ data
2012-09-12 17:00:09 [Message] fib_1618 -> Chat: and when we compare this with the breadth side
2012-09-12 17:00:40 [Message] fib_1618 -> Chat: some caution is warranted until we see a better "spirit" here
2012-09-12 17:00:54 [Message] fib_1618 -> Chat: and as you can see
2012-09-12 17:01:06 [Message] fib_1618 -> Chat: we were talking about coiling yesterday
2012-09-12 17:01:20 [Message] fib_1618 -> Chat: you can see how the NASDAQ volume MCO is actually coiling here
2012-09-12 17:01:24 [Message] fib_1618 -> Chat: tops beneath tops
2012-09-12 17:01:28 [Message] fib_1618 -> Chat: bottoms above bottoms
2012-09-12 17:01:40 [Message] fib_1618 -> Chat: and we're now moving into the apex of this symmetrical triangle
2012-09-12 17:01:59 [Message] fib_1618 -> Chat: while we're just above the zero line
2012-09-12 17:02:07 [Message] fib_1618 -> Chat: something then has to give sooner than later
2012-09-12 17:02:52 [Message] fib_1618 -> Chat: small point change on the NDX volume MCO
2012-09-12 17:03:18 [Message] fib_1618 -> Chat: and we have now retraced enough below the zero line to where a bottom above a bottom structure can be created
2012-09-12 17:04:11 [Message] fib_1618 -> Chat: notice also that the NDX volume MCSUM has now snapped back to what was its overhead pattern resistance area of the July highs
2012-09-12 17:04:25 [Message] fib_1618 -> Chat: so we might be close to completing this corrective process here
2012-09-12 17:04:29 [Message] fib_1618 -> Chat: if that's the case
2012-09-12 17:04:41 [Message] fib_1618 -> Chat: we should know in the next day or so
2012-09-12 17:04:56 [Message] fib_1618 -> Chat: overall though
2012-09-12 17:05:42 [Message] fib_1618 -> Chat: the NDX is not really in a good position right now to see what could be a robust rally event as it would be with the NYA...
2012-09-12 17:06:12 [Message] fib_1618 -> Chat: and if we look at the close up bar chart of the NDX itself
2012-09-12 17:06:19 [Message] fib_1618 -> Chat: we had a nice little reversal bar today
2012-09-12 17:06:29 [Message] fib_1618 -> Chat: the key to reversal bars and their importance
2012-09-12 17:06:40 [Message] fib_1618 -> Chat: is whether or not new lows are set for the sequence
2012-09-12 17:06:53 [Message] fib_1618 -> Chat: and then prices can not only close higher, but the close is able to take out the last two previous closing levels in the process
2012-09-12 17:07:12 [Message] fib_1618 -> Chat: we did that today
2012-09-12 17:07:19 [Message] fib_1618 -> Chat: so a near term bottom is probably in
2012-09-12 17:07:26 [Message] thespookyone -> Chat: nice point
2012-09-12 17:07:33 [Message] fib_1618 -> Chat: Japan and Koren just opened up flat
2012-09-12 17:07:51 [Message] fib_1618 -> Chat: today's lows in the NDX
2012-09-12 17:08:33 [Message] fib_1618 -> Chat: also fulfilled a simple snapback to the upper level line of the previous flag formation where we saw the gap up last Thursday
2012-09-12 17:08:48 [Message] fib_1618 -> Chat: so all of the technical corrective expectations have now been met
2012-09-12 17:09:02 [Message] fib_1618 -> Chat: so we'll at least have a positive close on Thursday
2012-09-12 17:09:12 [Message] fib_1618 -> Chat: conversely
2012-09-12 17:09:18 [Message] fib_1618 -> Chat: if we don't have positive close
2012-09-12 17:09:22 [Message] fib_1618 -> Chat: that would be warning shot
2012-09-12 17:09:32 [Message] fib_1618 -> Chat: so we'll see how it goes
2012-09-12 17:09:37 [Message] fib_1618 -> Chat: so far then
2012-09-12 17:09:45 [Message] fib_1618 -> Chat: our focal for tomorrow
2012-09-12 17:09:52 [Message] fib_1618 -> Chat: is not so much with the Dow and SPX
2012-09-12 17:10:05 [Message] fib_1618 -> Chat: but we'll need to keep an eye on the NDX and how it performs
2012-09-12 17:10:14 [Message] fib_1618 -> Chat: the MID and SML looked fine breadth wise
2012-09-12 17:10:23 [Message] fib_1618 -> Chat: so they're probably not going to give us problems
2012-09-12 17:10:39 [Message] fib_1618 -> Chat: well...let's look at the volume data first before we make a statement like that
2012-09-12 17:10:58 [Message] fib_1618 -> Chat: the SPX volume MCO is in sync with its breadth cousin
2012-09-12 17:11:15 [Message] fib_1618 -> Chat: and the SPX volume MCSUM is actually leading breadth to the upside
2012-09-12 17:11:49 [Message] fib_1618 -> Chat: and a good day tomorrow and we'll likely breakout above both pattern resistance and the +500 level
2012-09-12 17:11:57 [Message] fib_1618 -> Chat: and usually when things like this happen
2012-09-12 17:12:04 [Message] fib_1618 -> Chat: they tend to be "explosive"
2012-09-12 17:12:15 [Message] fib_1618 -> Chat: at least leaving no doubt
2012-09-12 17:12:39 [Message] fib_1618 -> Chat: the OEX volume MCO had a small point change today
2012-09-12 17:12:52 [Message] fib_1618 -> Chat: but is lagging its breadth cousin to the upside
2012-09-12 17:13:07 [Message] fib_1618 -> Chat: the OEX volume MCSUM is back above its +500 level
2012-09-12 17:13:17 [Message] fib_1618 -> Chat: but the bulls would love to see some post expansion here
2012-09-12 17:13:31 [Message] fib_1618 -> Chat: same with the Dow
2012-09-12 17:14:13 [Message] fib_1618 -> Chat: nothing wrong at all with the MID volume MCSUM as its leading breadth higher
2012-09-12 17:14:15 [Message] fib_1618 -> Chat: strong buy there
2012-09-12 17:14:31 [Message] fib_1618 -> Chat: same with the SML
2012-09-12 17:14:39 [Message] fib_1618 -> Chat: but this shouldn't be too surprising
2012-09-12 17:14:52 [Message] fib_1618 -> Chat: as both indexes are at all time highs now
2012-09-12 17:14:55 [Message] fib_1618 -> Chat: and if that's the case
2012-09-12 17:15:02 [Message] fib_1618 -> Chat: who exactly would be selling here since everyone is (theoretically) a winner
2012-09-12 17:15:19 [Message] fib_1618 -> Chat: this also tells us that
2012-09-12 17:16:01 [Message] fib_1618 -> Chat: the most bang for our buck in any sectors will tend to be those that would be classified as Medium or Small capitalization issues
2012-09-12 17:16:15 [Message] fib_1618 -> Chat: the large caps will have their turn later on
2012-09-12 17:16:19 [Message] fib_1618 -> Chat: as we get closer to a top
2012-09-12 17:16:22 [Message] fib_1618 -> Chat: but for now
2012-09-12 17:17:16 [Message] fib_1618 -> Chat: there is more than sufficient capital in the system where those who are not so deserving of this same capital are reaping the benefits of high liquidity levels
2012-09-12 17:17:53 [Message] fib_1618 -> Chat: and the TM volume MCO and MCSUM are positioned to breakout to the upside if the the buyers wish to "make it so"
2012-09-12 17:18:13 [Message] fib_1618 -> Chat: and more than likely
2012-09-12 17:18:20 [Message] fib_1618 -> Chat: if we do break higher
2012-09-12 17:18:38 [Message] fib_1618 -> Chat: that should open up quite a flood gate of capital
2012-09-12 17:18:48 [Message] fib_1618 -> Chat: as money starts to chase the trend
2012-09-12 17:18:54 [Message] fib_1618 -> Chat: so...
2012-09-12 17:19:08 [Message] fib_1618 -> Chat: we still have some inconsistencies here
2012-09-12 17:19:20 [Message] fib_1618 -> Chat: but since we returned after Labor Day
2012-09-12 17:19:34 [Message] fib_1618 -> Chat: we have continued to build more and more underlying strength
2012-09-12 17:19:50 [Message] fib_1618 -> Chat: and now that we're seeing several MCSUM's moving above the +500 level
2012-09-12 17:20:13 [Message] fib_1618 -> Chat: those who haven't seen the underlying strength of the last two weeks of August are now starting to see it in chart form
2012-09-12 17:20:34 [Message] fib_1618 -> Chat: one of those "ah oh" moments
2012-09-12 17:20:49 [Message] fib_1618 -> Chat: it's sort of like when we look at the MCO and their components
2012-09-12 17:21:00 [Message] fib_1618 -> Chat: we may not necessarily see a trading range on the price chart at that time
2012-09-12 17:21:12 [Message] fib_1618 -> Chat: but when the two are out of sync and suggest a trading range
2012-09-12 17:21:41 [Message] fib_1618 -> Chat: sometimes it just take a little time for it show up to where the many can finally point to it
2012-09-12 17:21:49 [Message] fib_1618 -> Chat: and look smart in doing so
2012-09-12 17:22:19 [Message] fib_1618 -> Chat: this is why breadth and volume analysis gives us such a unfair advantage over anything else that is technical in nature
2012-09-12 17:22:20 [Message] fib_1618 -> Chat: no less
2012-09-12 17:22:35 [Message] fib_1618 -> Chat: well above anything one can get by using fundamentals
2012-09-12 17:22:43 [Message] fib_1618 -> Chat: or listening to talking heads
2012-09-12 17:23:26 [Message] fib_1618 -> Chat: CVI's are mixed...but slightly on the bullish side of neutral
2012-09-12 17:23:37 [Message] fib_1618 -> Chat: STVO's are a little frothy
2012-09-12 17:23:44 [Message] fib_1618 -> Chat: but workable
2012-09-12 17:24:13 [Message] fib_1618 -> Chat: and the VTO's are firm...and starting to reflect a trend in progress
2012-09-12 17:24:33 [Message] fib_1618 -> Chat: not quite there yet...maybe another day or two would put them in trend mode
2012-09-12 17:24:45 [Message] fib_1618 -> Chat: NYSE TRIN At 1.07
2012-09-12 17:24:57 [Message] fib_1618 -> Chat: Open 10 at .92
2012-09-12 17:25:02 [Message] fib_1618 -> Chat: we'll call that neutral
2012-09-12 17:25:29 [Message] fib_1618 -> Chat: with the 55 day SMA of the TRIN now minimally "overbought"
2012-09-12 17:26:00 [Message] fib_1618 -> Chat: so if we do get any Open 10 readings at .80 or below, that would probably warrant a multi week correctional period
2012-09-12 17:26:17 [Message] fib_1618 -> Chat: NASDAQ TRIN at .91
2012-09-12 17:26:33 [Message] fib_1618 -> Chat: Open 10 still "oversold" at 1.07
2012-09-12 17:26:59 [Message] fib_1618 -> Chat: and the TM TRIN is at .99
2012-09-12 17:27:08 [Message] fib_1618 -> Chat: Open 10 at 1.06
2012-09-12 17:27:12 [Message] fib_1618 -> Chat: so....
2012-09-12 17:27:25 [Message] fib_1618 -> Chat: still a little bit of a mixed bag here
2012-09-12 17:27:39 [Message] fib_1618 -> Chat: but the bulls continue to hold the advantage here and it's theirs to lose
2012-09-12 17:27:41 [Message] fib_1618 -> Chat: near term
2012-09-12 17:27:56 [Message] fib_1618 -> Chat: we could have a significant breakout to the upside at anytime now
2012-09-12 17:28:08 [Message] fib_1618 -> Chat: and with the current positions of many of the MCO's and MCSUM's
2012-09-12 17:28:17 [Message] fib_1618 -> Chat: it could be rather robust in nature
2012-09-12 17:28:54 [Message] fib_1618 -> Chat: any new highs in the MCSUM's will allow us to challenge some historic highs in the Dow and SPX over the next month
2012-09-12 17:29:29 [Message] fib_1618 -> Chat: especially if everyone starts to throw in the towel simultaneously and decide that Europe will be fine for now
2012-09-12 17:29:48 [Message] fib_1618 -> Chat: the one thing we really can't put a handle on right now
2012-09-12 17:29:59 [Message] fib_1618 -> Chat: is if the US Dollar continues to go lower
2012-09-12 17:30:09 [Message] fib_1618 -> Chat: how much foreign capital will flow in here
2012-09-12 17:30:27 [Message] fib_1618 -> Chat: initially...US stocks are a cheap commodity
2012-09-12 17:30:57 [Message] fib_1618 -> Chat: but eventually there's going to be point in which it won't make too much sense to do so and switch this same money out into other global markets
2012-09-12 17:31:04 [Message] fib_1618 -> Chat: but that's for another time
2012-09-12 17:31:17 [Message] fib_1618 -> Chat: for now...the potential here continues to be head shaking
2012-09-12 17:31:23 [Message] fib_1618 -> Chat: we'll see how it goes
2012-09-12 17:31:27 [Message] fib_1618 -> Chat: anything else?
2012-09-12 17:31:54 [Message] fib_1618 -> Chat: remember that we have our usual chat for tomorrow
2012-09-12 17:32:11 [Message] fib_1618 -> Chat: and then our next get together will be a week from chat next Tuesday
2012-09-12 17:32:35 [Message] fib_1618 -> Chat: oh...and for those who follow my trade show indicator
2012-09-12 17:32:54 [Message] fib_1618 -> Chat: it looks like I'm going to have a heavy spring schedule
2012-09-12 17:33:21 [Message] fib_1618 -> Chat: and though I won't be attending any more in Vegas this year
2012-09-12 17:33:47 [Message] fib_1618 -> Chat: I am skipping one that takes place from 10/8 to 10/10
2012-09-12 17:34:28 [Message] fib_1618 -> Chat: so we'll see if I have to be there for it to make a difference
2012-09-12 17:34:37 [Message] fib_1618 -> Chat: nothing else?
2012-09-12 17:34:44 [Message] fib_1618 -> Chat: everyone is making money?
2012-09-12 17:35:05 [Message] thespookyone -> Chat: oh yea
2012-09-12 17:35:18 [Message] fib_1618 -> Chat: then I'm doing my job
2012-09-12 17:35:32 [Message] thespookyone -> Chat: the best!
2012-09-12 17:35:44 [Message] fib_1618 -> Chat: yea...until I screw up
2012-09-12 17:36:01 [Message] thespookyone -> Chat: only as good as your last call LOL
2012-09-12 17:36:08 [Message] fib_1618 -> Chat: absolutely
2012-09-12 17:36:13 [Message] fib_1618 -> Chat: OK...with that
2012-09-12 17:36:16 [Message] fib_1618 -> Chat: I'm going to take off
2012-09-12 17:36:24 [Message] fib_1618 -> Chat: everyone have a great day tomorrow
2012-09-12 17:36:38 [Message] fib_1618 -> Chat: and we'll see if we have anything exciting to work with at our usual time and place
2012-09-12 17:36:40 [Message] fib_1618 -> Chat: good night

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