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fib_1618

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Reply with quote  #1 
2013-09-12 16:00:11 [Message] fib_1618 -> Chat: good day
2013-09-12 16:00:15 [Message] fib_1618 -> Chat: how is everyone?
2013-09-12 16:02:12 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2013-09-12 16:05:22 [Message] fib_1618 -> Chat: OK...let's get DP up and see how things are getting along
2013-09-12 16:05:50 [Message] fib_1618 -> Chat: after moving above blip resistance on Friday
2013-09-12 16:06:16 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO showed good upside follow through
2013-09-12 16:06:21 [Message] fib_1618 -> Chat: and pulled back a bit today
2013-09-12 16:06:53 [Message] fib_1618 -> Chat: having challenged the top beneath the top seen back in the middle of July
2013-09-12 16:07:00 [Message] fib_1618 -> Chat: so what we do know is that its now highly probable that we're going to see new price highs in the NYA
2013-09-12 16:07:41 [Message] fib_1618 -> Chat: and we have enough energy behind the move where prices can actually stay above this same overhead resistance point
2013-09-12 16:07:50 [Message] fib_1618 -> Chat: so today was more of a pause in this dynamic
2013-09-12 16:08:18 [Message] fib_1618 -> Chat: looking at the NYSE CO breadth MCSUM
2013-09-12 16:08:28 [Message] fib_1618 -> Chat: and we see that although we are back above the zero line
2013-09-12 16:08:40 [Message] fib_1618 -> Chat: we still have our gap resistance point still above us
2013-09-12 16:09:09 [Message] fib_1618 -> Chat: which is where we saw the maximum downside thrust in the MCO back in mid August
2013-09-12 16:09:27 [Message] fib_1618 -> Chat: so although we have nice upside momentum now
2013-09-12 16:09:53 [Message] fib_1618 -> Chat: the important test for the bulls still remains above current levels before we'll be able to actually trend higher
2013-09-12 16:10:19 [Message] fib_1618 -> Chat: and then if we're successful in closing this same MCSUM gap resistance point
2013-09-12 16:10:57 [Message] fib_1618 -> Chat: we still have trendline overhead resistance still above that which is currently intersecting the pattern at around the +650 level
2013-09-12 16:11:06 [Message] fib_1618 -> Chat: so...one day at a time here
2013-09-12 16:11:24 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2013-09-12 16:11:51 [Message] fib_1618 -> Chat: and we see that we actually saw a higher high above the one seen in mid July
2013-09-12 16:12:11 [Message] fib_1618 -> Chat: this will then be enough of a violation to allow prices to continue to be firm through much of the rest of September
2013-09-12 16:12:45 [Message] fib_1618 -> Chat: while the bulls face a three tiered area of resistance on the NYSE Composite breadth MCSUM
2013-09-12 16:13:07 [Message] fib_1618 -> Chat: as we not only do we have zero line resistance
2013-09-12 16:13:42 [Message] fib_1618 -> Chat: but this is the same area in which we have both MCSUM gap resistance AND where the declining tops line approximately intersects this MCSUM pattern
2013-09-12 16:13:54 [Message] fib_1618 -> Chat: so with this triple layer of resistance
2013-09-12 16:14:17 [Message] fib_1618 -> Chat: we should expect an explosive move higher above this zero line level on any breakout we may see
2013-09-12 16:14:44 [Message] fib_1618 -> Chat: with a very wide separation of the MCSUM posting leaving no doubt at all in whose in control
2013-09-12 16:14:52 [Message] fib_1618 -> Chat: right now
2013-09-12 16:14:59 [Message] fib_1618 -> Chat: we have a current reading of -119
2013-09-12 16:15:23 [Message] fib_1618 -> Chat: so at this point, any opportunity to break above this area will likely take place next week
2013-09-12 16:15:33 [Message] fib_1618 -> Chat: and interestingly enough
2013-09-12 16:15:44 [Message] fib_1618 -> Chat: next week is also quarterly OPEX
2013-09-12 16:16:07 [Message] fib_1618 -> Chat: where the speculative traders are loaded with September puts
2013-09-12 16:16:55 [Message] fib_1618 -> Chat: which helps in accelerating price moves upon a larger than normal expiration
2013-09-12 16:17:02 [Message] fib_1618 -> Chat: we'll see how it goes
2013-09-12 16:17:41 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO
2013-09-12 16:17:59 [Message] fib_1618 -> Chat: and we see here that we moved above our blip resistance point on Monday
2013-09-12 16:18:12 [Message] fib_1618 -> Chat: which helped propel the price index to new recovery highs
2013-09-12 16:18:21 [Message] fib_1618 -> Chat: as we like to say
2013-09-12 16:18:34 [Message] fib_1618 -> Chat: in order for a common goal to be reached
2013-09-12 16:18:48 [Message] fib_1618 -> Chat: the market must work together to attain this same goal
2013-09-12 16:19:03 [Message] fib_1618 -> Chat: and Monday's advance provides another good example of this concept
2013-09-12 16:19:31 [Message] fib_1618 -> Chat: as we talked about last week
2013-09-12 16:20:04 [Message] fib_1618 -> Chat: the main job for the buyers now is to be able to move back above the +250 level on the NASDAQ breadth MCSUM
2013-09-12 16:20:25 [Message] fib_1618 -> Chat: not only because this would lessen any effect of a potential Summation Failure
2013-09-12 16:20:35 [Message] fib_1618 -> Chat: but like the configuration on the NYSE
2013-09-12 16:20:53 [Message] fib_1618 -> Chat: this is also the area in which we have our downside MCSUM gap resistance point
2013-09-12 16:21:22 [Message] fib_1618 -> Chat: looking at the NASDAQ breadth MCO components
2013-09-12 16:21:48 [Message] fib_1618 -> Chat: and we see that the 10% Trend has now provided a simple snapback to the 5% Trend
2013-09-12 16:22:08 [Message] fib_1618 -> Chat: which suggests that we're likely to bounce higher as soon as Friday
2013-09-12 16:22:34 [Message] fib_1618 -> Chat: and looking at the close up of the price structure
2013-09-12 16:23:03 [Message] fib_1618 -> Chat: it would appear that we have met the minimal requirement of a simple pause to refresh after recently breaking into new high territory
2013-09-12 16:23:34 [Message] fib_1618 -> Chat: so it wouldn't be too surprising at all to see a continuation of this current upside breakout near term
2013-09-12 16:24:09 [Message] fib_1618 -> Chat: moving to the NDX breadth MCO
2013-09-12 16:24:21 [Message] fib_1618 -> Chat: and we saw that it reached a peak of around +98 on Wednesday
2013-09-12 16:24:35 [Message] fib_1618 -> Chat: and pulled back slightly today from this same "overbought" extreme
2013-09-12 16:24:39 [Message] fib_1618 -> Chat: more importantly
2013-09-12 16:24:45 [Message] fib_1618 -> Chat: when we look at the NDX breadth MCSUM
2013-09-12 16:24:58 [Message] fib_1618 -> Chat: we see that we moved up and through the +500 level today
2013-09-12 16:25:24 [Message] fib_1618 -> Chat: which suggests that there is more than enough liquidity moving into this basket of stocks for prices to trend higher
2013-09-12 16:26:05 [Message] fib_1618 -> Chat: helping to confirm this idea is that we are also in the process of closing off the previous downside MCSUM gap resistance point as well
2013-09-12 16:26:24 [Message] fib_1618 -> Chat: so...long and strong here for this basket of issues
2013-09-12 16:26:43 [Message] fib_1618 -> Chat: especially if we see volume side acting the same way...or better
2013-09-12 16:26:52 [Message] fib_1618 -> Chat: we'll review that after the breadth charts
2013-09-12 16:27:29 [Message] fib_1618 -> Chat: a beautiful "breadth thrust" now exists on the SPX breadth MCO
2013-09-12 16:27:55 [Message] fib_1618 -> Chat: as we were able to take out the mid July declining top with this same thrust
2013-09-12 16:28:27 [Message] fib_1618 -> Chat: this highly suggests that we are not only going to move back above the +250 level on the SPX breadth MCSUM
2013-09-12 16:28:48 [Message] fib_1618 -> Chat: but it's very likely now that we're going to close its MCSUM gap resistance point as well
2013-09-12 16:29:00 [Message] fib_1618 -> Chat: pausing a moment, let's look at how the MCO pattern behaved prior to this same thrust
2013-09-12 16:29:24 [Message] fib_1618 -> Chat: we see here is what we refer to as "texture"
2013-09-12 16:29:43 [Message] fib_1618 -> Chat: where we had a series of bottoms above bottoms controlling the pattern
2013-09-12 16:30:03 [Message] fib_1618 -> Chat: this, in fact, allowed us to work with the idea that we were building underlying strength last week
2013-09-12 16:30:33 [Message] fib_1618 -> Chat: in the face of some potentially bad fundamental news both domestically and overseas
2013-09-12 16:30:40 [Message] fib_1618 -> Chat: which only goes to prove
2013-09-12 16:31:19 [Message] fib_1618 -> Chat: that what we "feel" should happen should never deviate our analysis from what is provided on a substantive  basis
2013-09-12 16:32:05 [Message] fib_1618 -> Chat: whatever the reason is for these patterns of strength (or weakness) will only be known in the fulness of time
2013-09-12 16:32:14 [Message] fib_1618 -> Chat: but while we wait
2013-09-12 16:32:23 [Message] fib_1618 -> Chat: one can make good money by just following it's indication
2013-09-12 16:32:42 [Message] fib_1618 -> Chat: moving to the OEX breadth MCO
2013-09-12 16:33:00 [Message] fib_1618 -> Chat: and here we actually were able to move to new 52 week highs yesterday
2013-09-12 16:33:23 [Message] fib_1618 -> Chat: so this not only counterbalances the 52 week lows we saw in August
2013-09-12 16:33:49 [Message] fib_1618 -> Chat: but this now strongly suggests that the buyers are in complete control with this basket of stocks
2013-09-12 16:34:19 [Message] fib_1618 -> Chat: adding to this is that the OEX breadth MCSUM not only moved above its zero line today
2013-09-12 16:34:54 [Message] fib_1618 -> Chat: but we'll likely see a lot of carry over to at least the +250 level
2013-09-12 16:35:15 [Message] fib_1618 -> Chat: where we just happen to have our MCSUM gap resistance point
2013-09-12 16:35:36 [Message] fib_1618 -> Chat: and let's not forget
2013-09-12 16:35:54 [Message] fib_1618 -> Chat: the +250 level is also an area now of horizontal resistance on the chart as well
2013-09-12 16:36:26 [Message] fib_1618 -> Chat: so, for now...we should feel friendly towards the market until we actually reach this same important resistance point
2013-09-12 16:36:45 [Message] fib_1618 -> Chat: which, again, is not likely to be seen until the middle part of next week
2013-09-12 16:37:02 [Message] fib_1618 -> Chat: nice that we have 3 chats next week to monitor this [smile]
2013-09-12 16:37:22 [Message] fib_1618 -> Chat: as we kind of expected last week
2013-09-12 16:37:36 [Message] fib_1618 -> Chat: the Dow breadth MCO also moved to new MCO highs through Wednesday's trading
2013-09-12 16:37:51 [Message] fib_1618 -> Chat: as it plays catch up to the rest of the market's turnaround of the last couple of weeks
2013-09-12 16:38:05 [Message] fib_1618 -> Chat: and once again
2013-09-12 16:38:17 [Message] fib_1618 -> Chat: you can see the importance of these blip resistance points
2013-09-12 16:38:33 [Message] fib_1618 -> Chat: as once we moved above it
2013-09-12 16:38:57 [Message] fib_1618 -> Chat: the Dow had triple digit moves for 3 straight days as the compression of this pattern was lifted
2013-09-12 16:41:05 [Message] fib_1618 -> Chat: moving to the MID breadth MCO
2013-09-12 16:41:34 [Message] fib_1618 -> Chat: and here we saw our follow though thrust that was indicated after we held the MCO lows of mid August
2013-09-12 16:41:39 [Message] fib_1618 -> Chat: although
2013-09-12 16:42:12 [Message] fib_1618 -> Chat: we still our key mid July declining top resistance still above us here
2013-09-12 16:42:56 [Message] fib_1618 -> Chat: with the MID breadth MCSUM starting to look lethargic in its turnaround
2013-09-12 16:43:10 [Message] fib_1618 -> Chat: in order for the bulls to push this above the important +250 level
2013-09-12 16:43:28 [Message] fib_1618 -> Chat: we will need to see a higher reading in this MCO in order to accomplish this
2013-09-12 16:43:41 [Message] fib_1618 -> Chat: and if we can later take out the mid July top
2013-09-12 16:43:54 [Message] fib_1618 -> Chat: then we'll have a good 30-45 days of advance in front of us
2013-09-12 16:44:32 [Message] fib_1618 -> Chat: at this point
2013-09-12 16:44:37 [Message] fib_1618 -> Chat: something like this would have to happen by Monday
2013-09-12 16:45:06 [Message] fib_1618 -> Chat: or a trip back down to the 1200 level will likely to be seen
2013-09-12 16:45:39 [Message] fib_1618 -> Chat: pretty much the same situation with the SML breadth MCO and MCSUM
2013-09-12 16:45:44 [Message] fib_1618 -> Chat: in fact
2013-09-12 16:46:14 [Message] fib_1618 -> Chat: both the MID and SML breadth MCSUM's are currently at the +195 level
2013-09-12 16:47:14 [Message] fib_1618 -> Chat: so the bulls will soon have to "push the envelope" here or we might be in store for the potential of a Summation Failure
2013-09-12 16:48:07 [Message] fib_1618 -> Chat: and the TM breadth MCSUM has now been able to snapback up to around its zero line with a reading of -16 today
2013-09-12 16:48:30 [Message] fib_1618 -> Chat: so we'll have to see if there is any additional money to add to this weeks short covering or not
2013-09-12 16:49:05 [Message] fib_1618 -> Chat: as it's going to take fresh capital to really break above all of these near term resistance levels we've been talking about tonight on all of the breadth MCSUM's
2013-09-12 16:49:06 [Message] fib_1618 -> Chat: so...
2013-09-12 16:49:29 [Message] fib_1618 -> Chat: it would appear that our anticipated price bottom that was due this week has come to fruition
2013-09-12 16:49:52 [Message] fib_1618 -> Chat: with many of the breadth MCO's supporting various degrees of breadth thrusts this week
2013-09-12 16:50:30 [Message] fib_1618 -> Chat: what would be important in deciding if there's longevity to this is whether or not the volume MCO's are either moving in sync, or preferably, leading breadth to the upside
2013-09-12 16:53:37 [Message] fib_1618 -> Chat: so...without further adieu...let's take a look at the volume McClellan's
2013-09-12 16:54:01 [Message] fib_1618 -> Chat: the CO NYSE volume MCO moved to new 9 month highs this week
2013-09-12 16:54:10 [Message] fib_1618 -> Chat: and with that
2013-09-12 16:54:26 [Message] fib_1618 -> Chat: this tells us that the CO NYSE volume MCSUM will likely move above the +250 level
2013-09-12 16:54:49 [Message] fib_1618 -> Chat: and we'll likely close the downside MCSUM gap resistance in the pattern as well
2013-09-12 16:55:04 [Message] fib_1618 -> Chat: so volume plurality is leading to the upside here on the common stocks
2013-09-12 16:55:26 [Message] fib_1618 -> Chat: and with our moving above the +250 level
2013-09-12 16:55:51 [Message] fib_1618 -> Chat: we have also moved back above what became horizontal pattern resistance on this MCSUM as well
2013-09-12 16:55:57 [Message] fib_1618 -> Chat: so that's a good start
2013-09-12 16:56:32 [Message] fib_1618 -> Chat: the NYSE Composite volume MCO also moved to new highs
2013-09-12 16:56:51 [Message] fib_1618 -> Chat: and it also took out the initial thrust point that we saw back when the rally began back in November of last year
2013-09-12 16:57:04 [Message] fib_1618 -> Chat: this is a highly bullish development for a couple of reasons
2013-09-12 16:57:34 [Message] fib_1618 -> Chat: one is that the interest rate sensitive issues that trade on the NYSE are now being bought again
2013-09-12 16:58:12 [Message] fib_1618 -> Chat: and this would then suggest that we're getting close to some high point in the longer end of the yield curve
2013-09-12 16:58:25 [Message] fib_1618 -> Chat: if this is the correct interpretation
2013-09-12 16:58:53 [Message] fib_1618 -> Chat: this would also suggest that money is moving from the debt asset class and into equities
2013-09-12 16:59:23 [Message] fib_1618 -> Chat: and this would then suggest that we're getting some indications of expanding earnings for equities in general
2013-09-12 16:59:29 [Message] fib_1618 -> Chat: now...
2013-09-12 16:59:42 [Message] fib_1618 -> Chat: this could also be QE3 induced as well
2013-09-12 16:59:54 [Message] fib_1618 -> Chat: but regardless of the who's and why's
2013-09-12 17:00:05 [Message] fib_1618 -> Chat: money always seeks out areas of undervaluation
2013-09-12 17:01:16 [Message] fib_1618 -> Chat: and this same movement between the asset classes could be our indication that we're now in a market where earnings, and not the lower cost of money, is the driving force pushing equity prices higher
2013-09-12 17:01:42 [Message] fib_1618 -> Chat: from theory to practice
2013-09-12 17:02:06 [Message] fib_1618 -> Chat: still a bit early though to call it slam dunk though
2013-09-12 17:02:32 [Message] fib_1618 -> Chat: but things do seem to be falling into place nicely on something that we talked about happening almost 5 months ago
2013-09-12 17:03:02 [Message] fib_1618 -> Chat: new highs as well on the NASDAQ volume MCO
2013-09-12 17:03:15 [Message] fib_1618 -> Chat: so volume doesn't seem to be a problem right now
2013-09-12 17:03:25 [Message] fib_1618 -> Chat: as it's actually confirming this weeks reversal
2013-09-12 17:03:56 [Message] fib_1618 -> Chat: new highs as well on the NDX volume MCO
2013-09-12 17:04:39 [Message] fib_1618 -> Chat: and notice that we're within a couple of days now of taking out the top seen in previously in August on the NDX volume MCSUM
2013-09-12 17:05:06 [Message] fib_1618 -> Chat: do not allow one component, like Apple, convince you that growth issues are not leading here
2013-09-12 17:05:13 [Message] fib_1618 -> Chat: this is what the market wants you to believe
2013-09-12 17:05:27 [Message] fib_1618 -> Chat: to keep you from participating in the broader trend
2013-09-12 17:05:49 [Message] fib_1618 -> Chat: wow
2013-09-12 17:05:58 [Message] fib_1618 -> Chat: new highs as well in the SPX volume MCO!
2013-09-12 17:06:20 [Message] fib_1618 -> Chat: but like its breadth cousin
2013-09-12 17:07:12 [Message] fib_1618 -> Chat: the bulls still have a bit to do still yet to get the intermediate term trend of money to expand to a point of showing a "throttle up" in the pattern
2013-09-12 17:07:52 [Message] fib_1618 -> Chat: perceptive new highs as well in the OEX volume MCO
2013-09-12 17:08:11 [Message] fib_1618 -> Chat: boy...there's nothing here suggesting a false start
2013-09-12 17:08:37 [Message] fib_1618 -> Chat: look at the beautiful pattern structure in the OEX volume MCO
2013-09-12 17:08:45 [Message] fib_1618 -> Chat: as it made bottoms above bottoms
2013-09-12 17:08:50 [Message] fib_1618 -> Chat: provided divergence
2013-09-12 17:08:54 [Message] fib_1618 -> Chat: moved above the zero line
2013-09-12 17:08:59 [Message] fib_1618 -> Chat: snapped back to the zero line
2013-09-12 17:09:01 [Message] fib_1618 -> Chat: and off it went
2013-09-12 17:09:16 [Message] fib_1618 -> Chat: this is textbook stuff in real time
2013-09-12 17:09:20 [Message] fib_1618 -> Chat: which means
2013-09-12 17:09:24 [Message] fib_1618 -> Chat: it "works"
2013-09-12 17:09:58 [Message] fib_1618 -> Chat: seeing only a challenge here of the previous highs in the Dow volume MCO
2013-09-12 17:10:11 [Message] fib_1618 -> Chat: but like its breadth cousin
2013-09-12 17:10:39 [Message] fib_1618 -> Chat: there's still a lot of work still yet to be seen in this index by the buyers as this MCSUM also remains below its zero line
2013-09-12 17:10:44 [Message] fib_1618 -> Chat: but that's OK..for now
2013-09-12 17:11:24 [Message] fib_1618 -> Chat: as we only want the majority to notice breakouts and trends later on as the pattern begins to mature
2013-09-12 17:12:09 [Message] fib_1618 -> Chat: the MID volume MCO looks to have the weakest structure of all of the indices right now
2013-09-12 17:12:45 [Message] fib_1618 -> Chat: as that lower low prior to the current thrust is helping in getting less upside amplitude in the price pattern
2013-09-12 17:13:17 [Message] fib_1618 -> Chat: where the only thing that will help this is being able to either take out the declining top in mid July
2013-09-12 17:13:41 [Message] fib_1618 -> Chat: or they can also accomplish this by staying above the MCO zero line for an extended period of time
2013-09-12 17:13:51 [Message] fib_1618 -> Chat: for now
2013-09-12 17:14:13 [Message] fib_1618 -> Chat: we'll call today a simple snapback to or towards the early August high point that was violated this week
2013-09-12 17:14:50 [Message] fib_1618 -> Chat: the structure of the SML volume MCO remains is showing a better textural structure
2013-09-12 17:15:14 [Message] fib_1618 -> Chat: with the SML volume MCSUM finding downside support at the +250 level
2013-09-12 17:15:52 [Message] fib_1618 -> Chat: any move then back above the +500 level would be an indication of a re-initiation in the ongoing advancing trend
2013-09-12 17:16:11 [Message] fib_1618 -> Chat: and new 9 month highs in the TM volume MCO
2013-09-12 17:16:59 [Message] fib_1618 -> Chat: and this should provide enough support to maintain the horizontal support we see in the TM volume MCSUM in and around the +300 level
2013-09-12 17:17:03 [Message] fib_1618 -> Chat: so...
2013-09-12 17:17:25 [Message] fib_1618 -> Chat: we are now seeing that the trend of volume is either leading or moving in sync with its breadth cousin to the upside
2013-09-12 17:17:54 [Message] fib_1618 -> Chat: and this highly suggests that we are at the beginning stages of another advancing price trending sequence
2013-09-12 17:18:50 [Message] fib_1618 -> Chat: with bottoms above price bottoms continuing to control the longer term pattern structure on all of the major market indices
2013-09-12 17:18:52 [Message] fib_1618 -> Chat: until...
2013-09-12 17:18:58 [Message] fib_1618 -> Chat: PROVEN otherwise
2013-09-12 17:19:27 [Message] fib_1618 -> Chat: oh yea...moving to new highs on the various MCO's also cancels off any downside price targets that were given in mid August
2013-09-12 17:20:17 [Message] fib_1618 -> Chat: but this is why we either moved to cash or covered any remaining shorts last week
2013-09-12 17:20:30 [Message] fib_1618 -> Chat: moving to the volume oscillators
2013-09-12 17:21:04 [Message] fib_1618 -> Chat: all of the CVI's moved to climactic highs on Wednesday
2013-09-12 17:21:23 [Message] fib_1618 -> Chat: which suggested a near term price reversal as soon as Friday
2013-09-12 17:21:31 [Message] fib_1618 -> Chat: (we got that today)
2013-09-12 17:21:43 [Message] fib_1618 -> Chat: STVO's are highly "overbought" as well
2013-09-12 17:21:59 [Message] fib_1618 -> Chat: and in need of a rest
2013-09-12 17:22:19 [Message] fib_1618 -> Chat: VTO's are now surging higher after moving to "oversold" last week
2013-09-12 17:22:32 [Message] fib_1618 -> Chat: and as we have discussed many times before
2013-09-12 17:22:50 [Message] fib_1618 -> Chat: when the longer term VTO joins the CVI and STVO at extremes
2013-09-12 17:23:00 [Message] fib_1618 -> Chat: we usually get an equal and opposite effect
2013-09-12 17:23:04 [Message] fib_1618 -> Chat: and here we are
2013-09-12 17:23:16 [Message] fib_1618 -> Chat: NYSE TRIN at 1.20
2013-09-12 17:23:29 [Message] fib_1618 -> Chat: Open 10 at .83
2013-09-12 17:23:33 [Message] fib_1618 -> Chat: getting a little frothy
2013-09-12 17:23:40 [Message] fib_1618 -> Chat: but not technically "overbought"
2013-09-12 17:24:06 [Message] fib_1618 -> Chat: that last reading above 1.20 sure did provide a nice entry point
2013-09-12 17:24:08 [Message] fib_1618 -> Chat: no less
2013-09-12 17:24:16 [Message] fib_1618 -> Chat: the over 2.00 daily reading on the NYSE TRIN
2013-09-12 17:24:34 [Message] fib_1618 -> Chat: yea...we tend to forget little things like that, don't we? [smile]
2013-09-12 17:24:53 [Message] fib_1618 -> Chat: NASDAQ TRIN at 1.19
2013-09-12 17:25:02 [Message] fib_1618 -> Chat: Open 10 at .76
2013-09-12 17:25:10 [Message] fib_1618 -> Chat: still "overbought" there
2013-09-12 17:25:16 [Message] fib_1618 -> Chat: but not at an extreme as yet
2013-09-12 17:25:35 [Message] fib_1618 -> Chat: note the accelerated upside look to the NASDAQ price pattern
2013-09-12 17:26:01 [Message] fib_1618 -> Chat: as it seems to be stretching out to the upside
2013-09-12 17:26:08 [Message] fib_1618 -> Chat: this is a chartist's dream sequence
2013-09-12 17:26:18 [Message] fib_1618 -> Chat: as it shows a very powerful trend in action
2013-09-12 17:26:31 [Message] fib_1618 -> Chat: TM TRIN at 1.17
2013-09-12 17:26:44 [Message] fib_1618 -> Chat: Open 10 at .77
2013-09-12 17:26:48 [Message] fib_1618 -> Chat: "overbought"
2013-09-12 17:26:59 [Message] fib_1618 -> Chat: but with the trend continuing to "stretch out" here
2013-09-12 17:27:16 [Message] fib_1618 -> Chat: we might have to see even lower Open TRIN numbers before we'll see a pause of more than a week
2013-09-12 17:27:22 [Message] fib_1618 -> Chat: so...
2013-09-12 17:27:52 [Message] fib_1618 -> Chat: we continue to be under an accumulation situation as provided by last weeks BETS number
2013-09-12 17:28:11 [Message] fib_1618 -> Chat: and there isn't anything as yet suggested that we're done
2013-09-12 17:28:35 [Message] fib_1618 -> Chat: yes...the bulls still have a lot of work in front of them to keep the momentum going
2013-09-12 17:28:47 [Message] fib_1618 -> Chat: but as the internals suggested two weeks ago
2013-09-12 17:29:00 [Message] fib_1618 -> Chat: we continue to work with a intermediate term price bottom
2013-09-12 17:29:17 [Message] fib_1618 -> Chat: and we'll hopefully know to what end we might expect as soon as next week
2013-09-12 17:29:23 [Message] fib_1618 -> Chat: anything else?
2013-09-12 17:29:58 [Message] thespookyone -> Chat: thx
2013-09-12 17:30:04 [Message] unc1998 -> Chat: Any thoughts on gold and gold stocks here?  Rough day for them
2013-09-12 17:30:07 [Message] fib_1618 -> Chat: staying with the Wilshire 5000 chart on the last TRIN chart
2013-09-12 17:30:17 [Message] fib_1618 -> Chat: also notice that as the trend continues to accelerate
2013-09-12 17:30:32 [Message] fib_1618 -> Chat: the time it takes to correct any excesses has taken less and less time to do so
2013-09-12 17:30:47 [Message] fib_1618 -> Chat: this is indicative of this same robust trend in action
2013-09-12 17:30:56 [Message] fib_1618 -> Chat: let me get a prelim on the BETS
2013-09-12 17:30:58 [Message] fib_1618 -> Chat: no real comment on gold at this point...but the internals had been woefully lackluster now for weeks
2013-09-12 17:32:12 [Message] fib_1618 -> Chat: we'll see how the data looks this weekend on the weekend breadth updates
2013-09-12 17:32:14 [Message] fib_1618 -> Chat: +30 - no change
2013-09-12 17:32:25 [Message] fib_1618 -> Chat: the AMEX data is dragging here
2013-09-12 17:32:31 [Message] fib_1618 -> Chat: as well as the TSX Venture
2013-09-12 17:32:59 [Message] fib_1618 -> Chat: but we remain compressed on many of the A/D, U/D charts
2013-09-12 17:33:08 [Message] fib_1618 -> Chat: so we'll see how they settle after tomorrow
2013-09-12 17:33:17 [Message] unc1998 -> Chat: thx
2013-09-12 17:33:27 [Message] fib_1618 -> Chat: sure 'nuff
2013-09-12 17:33:32 [Message] fib_1618 -> Chat: keep in mind
2013-09-12 17:33:50 [Message] fib_1618 -> Chat: that if our intermarket rotation theory continues to hold up
2013-09-12 17:34:09 [Message] fib_1618 -> Chat: what we've seen this week is just the first push on shore of QE3 stimulus
2013-09-12 17:34:17 [Message] fib_1618 -> Chat: if this "holds water"
2013-09-12 17:34:33 [Message] fib_1618 -> Chat: we should continue to see this positive effect for the next 4 weeks
2013-09-12 17:34:36 [Message] fib_1618 -> Chat: and then...
2013-09-12 17:34:38 [Message] fib_1618 -> Chat: well...
2013-09-12 17:34:49 [Message] fib_1618 -> Chat: the pattern of gold says to not expect much more than that
2013-09-12 17:35:13 [Message] fib_1618 -> Chat: as the rest of this liquidity quotient has been used for other purposes
2013-09-12 17:35:38 [Message] fib_1618 -> Chat: but if we're now in a market based solely on the earnings of a company
2013-09-12 17:35:42 [Message] fib_1618 -> Chat: this won't matter much
2013-09-12 17:35:55 [Message] fib_1618 -> Chat: OK...if there's nothing else
2013-09-12 17:35:57 [Message] fib_1618 -> Chat: I'm going to take off
2013-09-12 17:36:05 [Message] fib_1618 -> Chat: remember we have 3 chats next week
2013-09-12 17:36:10 [Message] fib_1618 -> Chat: Tuesday, Wednesday and Thursday
2013-09-12 17:36:29 [Message] fib_1618 -> Chat: and I have a feeling it's going to be an exciting period to review
2013-09-12 17:36:45 [Message] fib_1618 -> Chat: everyone have a great weekend
2013-09-12 17:36:52 [Message] fib_1618 -> Chat: and we'll meet up again on Tuesday
2013-09-12 17:36:53 [Message] fib_1618 -> Chat: good night

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