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fib_1618

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Reply with quote  #1 
2010-09-16 16:00:21 [Message] fib_1618 -> Chat: good day
2010-09-16 16:00:24 [Message] fib_1618 -> Chat: how is everyone?
2010-09-16 16:00:47 [Message] thespookyone -> Chat: Good, patient, lol, thanks
2010-09-16 16:00:48 [Message] doc -> Chat: fine and you?
2010-09-16 16:00:55 [Message] gman -> Chat: doing well. How was Vegas?
2010-09-16 16:01:05 [Message] fib_1618 -> Chat: doing fine...need about one more minute and I'm all yours!
2010-09-16 16:01:07 [Message] doc -> Chat: how was your trip?
2010-09-16 16:01:12 [Message] fib_1618 -> Chat: trip was good
2010-09-16 16:01:18 [Message] fib_1618 -> Chat: business was "average"
2010-09-16 16:01:28 [Message] fib_1618 -> Chat: people were writing...but being very selective
2010-09-16 16:02:36 [Message] fib_1618 -> Chat: you could even say they were "indecisive"
2010-09-16 16:03:01 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2010-09-16 16:03:14 [Message] fib_1618 -> Chat: I haven't seen any charts since last Saturday...
2010-09-16 16:03:36 [Message] fib_1618 -> Chat: so I may be more or less surprised as we move along
2010-09-16 16:03:59 [Message] fib_1618 -> Chat: what I do know is that the market has been rather frothy of late
2010-09-16 16:04:22 [Message] fib_1618 -> Chat: watching the openings on CNBC...I wouldn't at all be surprised if the Open 10's are "overbought"
2010-09-16 16:04:27 [Message] fib_1618 -> Chat: the market is acting that way
2010-09-16 16:04:32 [Message] fib_1618 -> Chat: lots of churning
2010-09-16 16:04:39 [Message] fib_1618 -> Chat: can't really break lower
2010-09-16 16:04:49 [Message] fib_1618 -> Chat: and just rises like a dough in an oven
2010-09-16 16:05:07 [Message] fib_1618 -> Chat: OK...with that out of the way...let me get DP up and we'll see how things look
2010-09-16 16:05:44 [Message] fib_1618 -> Chat: hmmmm
2010-09-16 16:05:54 [Message] fib_1618 -> Chat: giggling here
2010-09-16 16:06:08 [Message] fib_1618 -> Chat: you guys must be going nuts here
2010-09-16 16:06:14 [Message] fib_1618 -> Chat: OK...
2010-09-16 16:06:20 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO pulled back today after making a higher high for the short term sequence
2010-09-16 16:06:46 [Message] fib_1618 -> Chat: during this time
2010-09-16 16:07:02 [Message] fib_1618 -> Chat: the NYA has been able to test the price highs of August
2010-09-16 16:07:26 [Message] fib_1618 -> Chat: and we now have the potential...although not a clear one...but the potential of bearish divergence in place
2010-09-16 16:07:54 [Message] fib_1618 -> Chat: and I sure don't like the look of that price pattern...it smacks of an SOB
2010-09-16 16:08:02 [Message] fib_1618 -> Chat: the key now for the bulls
2010-09-16 16:08:31 [Message] fib_1618 -> Chat: is that they will need to move above the late July peak in this MCO for prices to break above the August highs...and stay there
2010-09-16 16:08:42 [Message] fib_1618 -> Chat: based on the math
2010-09-16 16:08:57 [Message] fib_1618 -> Chat: and the possibility of our being "overbought" on the TRIN data
2010-09-16 16:09:02 [Message] fib_1618 -> Chat: this is not likely to happen
2010-09-16 16:09:10 [Message] fib_1618 -> Chat: and another reset will be the result
2010-09-16 16:09:22 [Message] fib_1618 -> Chat: but I'm assuming here...let's move on
2010-09-16 16:09:32 [Message] doc -> Chat: Reset means lower low on MCO?
2010-09-16 16:09:52 [Message] fib_1618 -> Chat: reset would mean a full reset both with the MCO and price
2010-09-16 16:09:55 [Message] fib_1618 -> Chat: lower lows in both
2010-09-16 16:10:01 [Message] doc -> Chat: thx
2010-09-16 16:10:02 [Message] fib_1618 -> Chat: and a restart
2010-09-16 16:10:08 [Message] fib_1618 -> Chat: overall
2010-09-16 16:10:17 [Message] fib_1618 -> Chat: we're still consolidating at the very best
2010-09-16 16:10:32 [Message] fib_1618 -> Chat: but now with the potential here of a lower momentum top
2010-09-16 16:10:45 [Message] fib_1618 -> Chat: we could be in for something more dramatic to happen
2010-09-16 16:10:54 [Message] thespookyone -> Chat: market was VERY labored today-HEAVY
2010-09-16 16:10:58 [Message] fib_1618 -> Chat: the unfortunate thing for the bulls right now is that the time objective of a mid September low is out of the picture
2010-09-16 16:11:14 [Message] fib_1618 -> Chat: and IF
2010-09-16 16:11:18 [Message] fib_1618 -> Chat: and again I say IF
2010-09-16 16:11:33 [Message] fib_1618 -> Chat: the bulls can't break out here above the July/August highs
2010-09-16 16:12:20 [Message] fib_1618 -> Chat: we will have an exhaustive pattern that will tend to unwind with some kind "force"
2010-09-16 16:12:29 [Message] fib_1618 -> Chat: trying to think of a better word
2010-09-16 16:12:52 [Message] fib_1618 -> Chat: and these kind of things tend to kick off with a news driven event
2010-09-16 16:13:04 [Message] fib_1618 -> Chat: again...I'm just starting to get my first look here
2010-09-16 16:13:14 [Message] fib_1618 -> Chat: but looking at the CO breadth MCSUM
2010-09-16 16:13:27 [Message] fib_1618 -> Chat: I sure wouldn't want the MCO and the MCSUM diverging here
2010-09-16 16:13:40 [Message] fib_1618 -> Chat: and we're set up for something like this to happen
2010-09-16 16:14:04 [Message] fib_1618 -> Chat: and since the mid October period tends to present great bottoms in the past
2010-09-16 16:14:18 [Message] doc -> Chat: how would they diverge?
2010-09-16 16:14:25 [Message] fib_1618 -> Chat: it would appear that we're going to need another month or so to flush things out
2010-09-16 16:14:30 [Message] fib_1618 -> Chat: bearish divergence
2010-09-16 16:14:37 [Message] fib_1618 -> Chat: a lower top in the MCSUM
2010-09-16 16:14:40 [Message] fib_1618 -> Chat: as well as the MCO
2010-09-16 16:14:46 [Message] fib_1618 -> Chat: granted...it's not clean
2010-09-16 16:14:48 [Message] fib_1618 -> Chat: or maybe
2010-09-16 16:14:59 [Message] fib_1618 -> Chat: let me see the NYA in a 1 ma - one sec
2010-09-16 16:15:51 [Message] fib_1618 -> Chat: no divergence...closing highs are off by about 10 NYA points
2010-09-16 16:15:55 [Message] sp 112358 -> Chat: fyi spx (cash price) now being quoted above august highs in London CFDs at this moment - (may drop before US open, of course)
2010-09-16 16:16:08 [Message] fib_1618 -> Chat: but there is a momentum play here on face value
2010-09-16 16:16:40 [Message] thespookyone -> Chat: on today's breadth?
2010-09-16 16:17:42 [Message] fib_1618 -> Chat: for consistency
2010-09-16 16:17:58 [Message] fib_1618 -> Chat: let's leave aside futures quotes
2010-09-16 16:18:08 [Message] fib_1618 -> Chat: and work with the daily cash closes
2010-09-16 16:18:30 [Message] fib_1618 -> Chat: I consider these points as the time in which both sides settle "for the day"
2010-09-16 16:18:42 [Message] fib_1618 -> Chat: today's breadth?
2010-09-16 16:18:45 [Message] fib_1618 -> Chat: let me look
2010-09-16 16:18:58 [Message] fib_1618 -> Chat: please excuse me while I catch up on things
2010-09-16 16:19:23 [Message] fib_1618 -> Chat: 1276/1741
2010-09-16 16:19:31 [Message] thespookyone -> Chat: closed around it's best of day, but was 2 to one for the best part all day
2010-09-16 16:19:38 [Message] fib_1618 -> Chat: that may be
2010-09-16 16:19:53 [Message] fib_1618 -> Chat: but the directional TREND has slowed
2010-09-16 16:20:00 [Message] doc -> Chat: We are 1-2 positive breadth days away from McSum making higher highs
2010-09-16 16:20:08 [Message] fib_1618 -> Chat: and the math says that its not likely to pick up again
2010-09-16 16:20:27 [Message] fib_1618 -> Chat: not if we further lose momentum on the trend
2010-09-16 16:20:35 [Message] fib_1618 -> Chat: let's see how the other markets are doing
2010-09-16 16:20:37 [Message] thespookyone -> Chat: we are two days rising on negative breadth, as well
2010-09-16 16:20:41 [Message] fib_1618 -> Chat: I want to be fair here
2010-09-16 16:21:06 [Message] doc -> Chat: you are only about 100 Mcsum points away from the high
2010-09-16 16:21:12 [Message] fib_1618 -> Chat: but the math says we have to do much better than...let's say...3:1 to the good to have any chance of making higher MCO highs
2010-09-16 16:21:15 [Message] doc -> Chat: MCO is at 42
2010-09-16 16:21:19 [Message] fib_1618 -> Chat: OK...
2010-09-16 16:21:28 [Message] fib_1618 -> Chat: you're talking the ra?
2010-09-16 16:21:38 [Message] doc -> Chat: CO on DP
2010-09-16 16:21:42 [Message] fib_1618 -> Chat: thanks
2010-09-16 16:21:48 [Message] fib_1618 -> Chat: let me check the math...one sec
2010-09-16 16:22:21 [Message] fib_1618 -> Chat: OK
2010-09-16 16:22:26 [Message] fib_1618 -> Chat: here's the story for tomorrow
2010-09-16 16:22:35 [Message] doc -> Chat: If we have a decent up day tomor, the mco goes up to say 55 or more, its almost a lock
2010-09-16 16:22:42 [Message] fib_1618 -> Chat: almost
2010-09-16 16:22:48 [Message] fib_1618 -> Chat: but let's look at the composite
2010-09-16 16:22:54 [Message] fib_1618 -> Chat: the ratio a dusted NYSE breadth MCO
2010-09-16 16:23:00 [Message] thespookyone -> Chat: price leading breadth here-I see the lock in a different light
2010-09-16 16:23:05 [Message] fib_1618 -> Chat: it currently has a reading of +22
2010-09-16 16:23:37 [Message] fib_1618 -> Chat: it would take a plurality of -960 for the MCO to move to zero
2010-09-16 16:23:50 [Message] fib_1618 -> Chat: now...that would be 2:1 negative
2010-09-16 16:24:12 [Message] fib_1618 -> Chat: which means that it's far easier now to move lower in the MCO than it would be to move higher
2010-09-16 16:24:18 [Message] fib_1618 -> Chat: for example
2010-09-16 16:24:32 [Message] fib_1618 -> Chat: it would take a +404 for a no change on the MCO
2010-09-16 16:24:49 [Message] fib_1618 -> Chat: and then you have to add on from there
2010-09-16 16:25:11 [Message] fib_1618 -> Chat: the last peak was..what? +60?
2010-09-16 16:25:37 [Message] fib_1618 -> Chat: so it would take something on the scale of 6:1 positive breadth just to have any chance of moving back to those highs
2010-09-16 16:25:47 [Message] fib_1618 -> Chat: how likely would that be?
2010-09-16 16:25:53 [Message] thespookyone -> Chat: +60 on which?
2010-09-16 16:26:13 [Message] fib_1618 -> Chat: the NYSE composite breadth MCO
2010-09-16 16:26:27 [Message] fib_1618 -> Chat: and that's ALL of the stocks traded
2010-09-16 16:26:32 [Message] fib_1618 -> Chat: not just common stocks
2010-09-16 16:26:36 [Message] doc -> Chat: Unless the common is now where the action is, ie money moving into common stocks more than interest rate sensitive
2010-09-16 16:26:38 [Message] thespookyone -> Chat: much higher, no?
2010-09-16 16:26:55 [Message] fib_1618 -> Chat: I wouldn't think so Doc
2010-09-16 16:27:14 [Message] fib_1618 -> Chat: only because of the direction and amplitude shown in the preferred and bond CEF lines
2010-09-16 16:27:22 [Message] fib_1618 -> Chat: they're still very strong
2010-09-16 16:27:39 [Message] fib_1618 -> Chat: so, more than likely, they will continue to hold things up here
2010-09-16 16:27:45 [Message] fib_1618 -> Chat: the composite NYAD line is at all time highs
2010-09-16 16:27:51 [Message] fib_1618 -> Chat: the common only line still have a ways to go
2010-09-16 16:27:59 [Message] fib_1618 -> Chat: besides
2010-09-16 16:28:08 [Message] fib_1618 -> Chat: I wouldn't want the commons leading out of a bottom
2010-09-16 16:28:15 [Message] fib_1618 -> Chat: I would want a "heave ho" effect
2010-09-16 16:28:34 [Message] fib_1618 -> Chat: again...you may be right here
2010-09-16 16:28:41 [Message] doc -> Chat: Well I'm not arguing that we make higher highs tomor on the mcsum, just that unless we start having back to back negative days 2-3 out of the next 3-4 days, the mcsum will likely go higher
2010-09-16 16:28:42 [Message] fib_1618 -> Chat: Don W. may have made a great call
2010-09-16 16:28:52 [Message] fib_1618 -> Chat: but like I shared last week
2010-09-16 16:29:07 [Message] fib_1618 -> Chat: I would be surprised if the SPX would make it above 1125 cash and stay there
2010-09-16 16:29:42 [Message] fib_1618 -> Chat: and anything beyond 1000 net decliners tomorrow
2010-09-16 16:29:45 [Message] doc -> Chat: it is at 1124.66 now
2010-09-16 16:29:46 [Message] fib_1618 -> Chat: and the MCO goes negative
2010-09-16 16:29:48 [Message] fib_1618 -> Chat: and with it
2010-09-16 16:29:51 [Message] fib_1618 -> Chat: the MCSUM turns lower
2010-09-16 16:30:13 [Message] fib_1618 -> Chat: the SPX?
2010-09-16 16:30:15 [Message] fib_1618 -> Chat: OK
2010-09-16 16:30:18 [Message] fib_1618 -> Chat: target reached
2010-09-16 16:30:20 [Message] doc -> Chat: yes
2010-09-16 16:30:24 [Message] fib_1618 -> Chat: momentum lost
2010-09-16 16:30:33 [Message] fib_1618 -> Chat: TRIN "overbought"?
2010-09-16 16:30:37 [Message] fib_1618 -> Chat: let me look
2010-09-16 16:30:50 [Message] fib_1618 -> Chat: .82
2010-09-16 16:31:01 [Message] fib_1618 -> Chat: after being at .75 yesterday
2010-09-16 16:31:08 [Message] fib_1618 -> Chat: look at the history of the Open 10
2010-09-16 16:31:18 [Message] doc -> Chat: basically what you are saying is that you would be surprised by an up day tomorrow
2010-09-16 16:31:21 [Message] fib_1618 -> Chat: not a good thing when the NYSE Open 10 moved to .75
2010-09-16 16:31:40 [Message] fib_1618 -> Chat: I would be surprised if we closed more than 2% higher than 1125
2010-09-16 16:31:42 [Message] fib_1618 -> Chat: and if we do
2010-09-16 16:31:46 [Message] fib_1618 -> Chat: we will diverge
2010-09-16 16:31:59 [Message] fib_1618 -> Chat: and it would be clean
2010-09-16 16:32:19 [Message] doc -> Chat: oh I agree with the Trin stuff, with the exception that you can see same with no down draft afterwards if it is an initiation move, like July 2009
2010-09-16 16:32:24 [Message] fib_1618 -> Chat: wow
2010-09-16 16:32:30 [Message] fib_1618 -> Chat: NASDAQ Open 10 at .65
2010-09-16 16:32:36 [Message] fib_1618 -> Chat: this is not a good thing
2010-09-16 16:32:45 [Message] fib_1618 -> Chat: I would be selling with both hands
2010-09-16 16:32:59 [Message] thespookyone -> Chat: qqqq hit my up target afterhoures
2010-09-16 16:33:00 [Message] fib_1618 -> Chat: just on that alone
2010-09-16 16:33:14 [Message] fib_1618 -> Chat: again...it's a matter of volume
2010-09-16 16:33:17 [Message] fib_1618 -> Chat: how has it done?
2010-09-16 16:33:24 [Message] fib_1618 -> Chat: we may as well skip around tonight
2010-09-16 16:33:40 [Message] fib_1618 -> Chat: TM Open 10 at .74!
2010-09-16 16:33:54 [Message] fib_1618 -> Chat: I would respect these numbers for what they suggest
2010-09-16 16:34:10 [Message] fib_1618 -> Chat: remember a couple of weeks back how "oversold" we were?
2010-09-16 16:34:15 [Message] doc -> Chat: Its probability, but look at July 2009 for the open 10s
2010-09-16 16:34:21 [Message] fib_1618 -> Chat: that the Open 10's were above 1.20?
2010-09-16 16:34:57 [Message] doc -> Chat: July 2009, NASDAQ open 10s in the 50's and no pullback
2010-09-16 16:35:11 [Message] doc -> Chat: grinded higher
2010-09-16 16:35:14 [Message] fib_1618 -> Chat: you mean the August peak?
2010-09-16 16:35:20 [Message] fib_1618 -> Chat: and the grind higher?
2010-09-16 16:35:26 [Message] fib_1618 -> Chat: OK
2010-09-16 16:35:28 [Message] fib_1618 -> Chat: I see it
2010-09-16 16:35:34 [Message] fib_1618 -> Chat: will history repeat?
2010-09-16 16:35:46 [Message] fib_1618 -> Chat: are the same building blocks in place as they were back then?
2010-09-16 16:35:51 [Message] fib_1618 -> Chat: let's take a look
2010-09-16 16:36:28 [Message] thespookyone -> Chat: momentum was terrible today Doc, the last couple hours it was getting hit with shock paddles North-no response=only went higher after the close when volume died to AH level
2010-09-16 16:36:46 [Message] fib_1618 -> Chat: the MCSUM had made a higher high in 2009 and retraced
2010-09-16 16:36:49 [Message] fib_1618 -> Chat: not so this time around
2010-09-16 16:37:07 [Message] fib_1618 -> Chat: I would just be very leery of any further advance here
2010-09-16 16:37:23 [Message] fib_1618 -> Chat: the market is literally running on fumes right now
2010-09-16 16:37:50 [Message] thespookyone -> Chat: I was watching, not trading as well-my sight is pretty fair then
2010-09-16 16:37:53 [Message] fib_1618 -> Chat: the volume McClellan's do look much better now
2010-09-16 16:38:11 [Message] fib_1618 -> Chat: we have some higher highs in the volume MCO's
2010-09-16 16:38:21 [Message] fib_1618 -> Chat: and the some of the volume MCSUM's as well
2010-09-16 16:38:28 [Message] fib_1618 -> Chat: OK..OK...let's look at the combo chart
2010-09-16 16:38:54 [Message] doc -> Chat: Good to look at the full picture. I'm NOT suggesting that it's guaranteed that we go up from here. Just that you can't depend solely on the TRIN data. If you shorted with both hands as NASDAQ open 10 hit .65 in July 2009, you would never have had a chance to cover at break even to this point a year + later. That is the only point I am making here.
2010-09-16 16:39:12 [Message] fib_1618 -> Chat: http://www.technicalwatch.com/chat10/naad091610.png
2010-09-16 16:39:20 [Message] fib_1618 -> Chat: let's take them one at a time
2010-09-16 16:39:28 [Message] fib_1618 -> Chat: I know Doc
2010-09-16 16:39:43 [Message] fib_1618 -> Chat: but I"m kind of at a disadvantage and giving first look impressions
2010-09-16 16:39:52 [Message] fib_1618 -> Chat: can everyone see the combo chart?
2010-09-16 16:39:59 [Message] thespookyone -> Chat: yes
2010-09-16 16:40:09 [Message] fib_1618 -> Chat: let's start with the NAAD line
2010-09-16 16:40:21 [Message] fib_1618 -> Chat: we are still in a corrective bearish configuration
2010-09-16 16:40:32 [Message] fib_1618 -> Chat: and basically in no mans land right now
2010-09-16 16:40:52 [Message] fib_1618 -> Chat: looking at the trend break of the NAAD breadth MCO
2010-09-16 16:41:14 [Message] fib_1618 -> Chat: it's a pretty good bet now that the NAAD line is now going to move lower to test EMA support
2010-09-16 16:41:40 [Message] fib_1618 -> Chat: and look where where breaking MCO trend...
2010-09-16 16:41:50 [Message] fib_1618 -> Chat: right near the gap resistance zone on the MCSUM
2010-09-16 16:41:56 [Message] doc -> Chat: mcsum gap resistance
2010-09-16 16:41:59 [Message] fib_1618 -> Chat: yes
2010-09-16 16:42:11 [Message] fib_1618 -> Chat: now
2010-09-16 16:42:15 [Message] fib_1618 -> Chat: if we do correct here
2010-09-16 16:42:32 [Message] fib_1618 -> Chat: and it's likely we will given the highly "overbought" Open 10
2010-09-16 16:42:50 [Message] fib_1618 -> Chat: we could be in the process of snapping back to the declining tops line in the NAAD breadth MCSUM
2010-09-16 16:43:01 [Message] fib_1618 -> Chat: the advantage for the bulls here though
2010-09-16 16:43:19 [Message] fib_1618 -> Chat: is that we do have a divergent bottoming structure in place now with this MCSUM
2010-09-16 16:43:45 [Message] fib_1618 -> Chat: this would suggest that whatever may occur from here, breaking below the July price lows is not a good probability in occurring
2010-09-16 16:43:51 [Message] fib_1618 -> Chat: a challenge?
2010-09-16 16:43:53 [Message] fib_1618 -> Chat: sure
2010-09-16 16:43:56 [Message] fib_1618 -> Chat: but we should hold
2010-09-16 16:43:58 [Message] doc -> Chat: I don't see the divergence
2010-09-16 16:43:59 [Message] fib_1618 -> Chat: again...
2010-09-16 16:44:13 [Message] fib_1618 -> Chat: ummm...
2010-09-16 16:44:44 [Message] fib_1618 -> Chat: OK...maybe divergence isn't the correct description here
2010-09-16 16:44:49 [Message] fib_1618 -> Chat: call it a higher momentum low
2010-09-16 16:45:01 [Message] fib_1618 -> Chat: within a continuing bottom process
2010-09-16 16:45:19 [Message] fib_1618 -> Chat: a bottom above a bottom
2010-09-16 16:45:32 [Message] fib_1618 -> Chat: is just as good as a divergent structure
2010-09-16 16:45:41 [Message] doc -> Chat: okay. In fact you have a bearish divergence with respect to NAAD itself, made a lower low in end Aug than July
2010-09-16 16:45:54 [Message] fib_1618 -> Chat: things like this tend to occur during times of high anxiety
2010-09-16 16:46:01 [Message] fib_1618 -> Chat: yes
2010-09-16 16:46:20 [Message] fib_1618 -> Chat: consolidation patterns tend to have only one divergent structure
2010-09-16 16:46:40 [Message] fib_1618 -> Chat: and then continue to see bottoms above bottoms or tops beneath tops the longer we move into the apex of the pattern
2010-09-16 16:47:06 [Message] fib_1618 -> Chat: sharp advances by those who have a quick trigger to cover
2010-09-16 16:47:27 [Message] fib_1618 -> Chat: and sharp declines by those who are quick to sell on any loss of upside momentum
2010-09-16 16:47:35 [Message] fib_1618 -> Chat: this is strictly a technicians market right now
2010-09-16 16:47:47 [Message] fib_1618 -> Chat: oscillators are the only things really working here
2010-09-16 16:47:59 [Message] fib_1618 -> Chat: buy when "oversold"
2010-09-16 16:48:04 [Message] fib_1618 -> Chat: sell when "overbought"
2010-09-16 16:48:16 [Message] fib_1618 -> Chat: wonder what the MCO stochastic looks like?
2010-09-16 16:48:23 [Message] doc -> Chat: Since the May lows, 2300 has held back nasdaq 4 times, this is the fifth. It will likely say no mas
2010-09-16 16:48:37 [Message] thespookyone -> Chat: daily sto on ES at 99
2010-09-16 16:48:42 [Message] fib_1618 -> Chat: wow... http://www.technicalwatch.com/chat10/namo091610.png
2010-09-16 16:49:00 [Message] doc -> Chat: Well we did get the double pump top...
2010-09-16 16:49:03 [Message] fib_1618 -> Chat: just as I thought...we are rabid here
2010-09-16 16:49:14 [Message] fib_1618 -> Chat: yes...we did
2010-09-16 16:49:17 [Message] fib_1618 -> Chat: and nothing to show for it
2010-09-16 16:49:25 [Message] fib_1618 -> Chat: we couldn't move to higher MCO highs compared to July
2010-09-16 16:49:29 [Message] fib_1618 -> Chat: that's a problem
2010-09-16 16:49:43 [Message] fib_1618 -> Chat: OH...I get it
2010-09-16 16:49:54 [Message] fib_1618 -> Chat: quadruple witch is tomorrow!
2010-09-16 16:50:11 [Message] fib_1618 -> Chat: futures off the board at the close tonight
2010-09-16 16:50:16 [Message] fib_1618 -> Chat: we're topping here
2010-09-16 16:50:18 [Message] fib_1618 -> Chat: bet on it
2010-09-16 16:50:43 [Message] fib_1618 -> Chat: it's been my experience over the years
2010-09-16 16:51:13 [Message] fib_1618 -> Chat: is that when the markets grind themselves in one direction going into the quarterly expiration
2010-09-16 16:51:34 [Message] fib_1618 -> Chat: that it's a pretty good bet that we're going the opposite direction once this same expiration passes
2010-09-16 16:51:44 [Message] fib_1618 -> Chat: back in the day
2010-09-16 16:51:58 [Message] fib_1618 -> Chat: this happened regularly with specialists controlling the action
2010-09-16 16:52:09 [Message] fib_1618 -> Chat: granted...this is not the same marketplace
2010-09-16 16:52:21 [Message] fib_1618 -> Chat: as you have other thumbs on the pulse...the dynamics have changed
2010-09-16 16:52:28 [Message] fib_1618 -> Chat: I don't like it
2010-09-16 16:52:46 [Message] fib_1618 -> Chat: we're setting up for a move lower here for next week
2010-09-16 16:52:59 [Message] fib_1618 -> Chat: once the contracts and options have been exercised
2010-09-16 16:53:06 [Message] fib_1618 -> Chat: opinions?
2010-09-16 16:53:13 [Message] doc -> Chat: Tough call
2010-09-16 16:53:16 [Message] fib_1618 -> Chat: it is
2010-09-16 16:53:30 [Message] fib_1618 -> Chat: but we have to remember that we're in a trading range
2010-09-16 16:53:33 [Message] fib_1618 -> Chat: that hasn't changed
2010-09-16 16:53:43 [Message] fib_1618 -> Chat: in a trading range...you have to respect your oscillators
2010-09-16 16:53:44 [Message] fib_1618 -> Chat: so far
2010-09-16 16:53:59 [Message] doc -> Chat: NYUD and NAUD nicely above 200 ema and nuad almost ready to go into bullish config IF we don't turn down here
2010-09-16 16:53:59 [Message] fib_1618 -> Chat: we have some of the tried and true markers "overbought"
2010-09-16 16:54:10 [Message] fib_1618 -> Chat: let me look...
2010-09-16 16:54:46 [Message] fib_1618 -> Chat: before I do...here's the NYSE MCO - http://www.technicalwatch.com/chat10/nymo091610.png
2010-09-16 16:55:18 [Message] fib_1618 -> Chat: lower low on the lead line
2010-09-16 16:55:36 [Message] fib_1618 -> Chat: besides
2010-09-16 16:56:03 [Message] fib_1618 -> Chat: we still have that nagging lower low in the NYSE breadth MCO at the end of August to deal with
2010-09-16 16:56:33 [Message] fib_1618 -> Chat: the likelihood that the MCO could stay above the zero line for any length of time with this lower MCO low is quite low
2010-09-16 16:56:47 [Message] fib_1618 -> Chat: we need structure here to support the bulls effort
2010-09-16 16:56:50 [Message] fib_1618 -> Chat: we don't have that
2010-09-16 16:57:13 [Message] fib_1618 -> Chat: the NASDAQ MCO does...and why it was able to be as "overbought" as it is on the Open 10
2010-09-16 16:57:14 [Message] doc -> Chat: Take a look at Nov 09
2010-09-16 16:57:18 [Message] fib_1618 -> Chat: (in theory)
2010-09-16 16:57:48 [Message] fib_1618 -> Chat: the market was trending then
2010-09-16 16:57:51 [Message] fib_1618 -> Chat: it's not now
2010-09-16 16:57:59 [Message] fib_1618 -> Chat: different snowflake
2010-09-16 16:58:16 [Message] fib_1618 -> Chat: it just doesn't sit well for a bottom here
2010-09-16 16:58:31 [Message] fib_1618 -> Chat: too many variable keeping things from being structurally sound
2010-09-16 16:58:38 [Message] fib_1618 -> Chat: things are getting better
2010-09-16 16:58:45 [Message] fib_1618 -> Chat: but we're still not quite there
2010-09-16 16:59:17 [Message] fib_1618 -> Chat: NAUD - http://www.technicalwatch.com/chat10/naud091610.png
2010-09-16 16:59:48 [Message] fib_1618 -> Chat: we are so compressed here
2010-09-16 17:00:06 [Message] fib_1618 -> Chat: one more retest would be of great benefit for the NAUD
2010-09-16 17:00:40 [Message] fib_1618 -> Chat: NYAD - http://www.technicalwatch.com/chat10/nyad091610.png
2010-09-16 17:00:48 [Message] fib_1618 -> Chat: break of trend in the MCO today
2010-09-16 17:01:11 [Message] fib_1618 -> Chat: the A/D line itself looks great
2010-09-16 17:01:16 [Message] fib_1618 -> Chat: nothing wrong there
2010-09-16 17:01:33 [Message] doc -> Chat: Its off in the next county
2010-09-16 17:01:38 [Message] fib_1618 -> Chat: and where is the NYSE breadth MCSUM?
2010-09-16 17:02:00 [Message] fib_1618 -> Chat: not only are we approaching for the second time gap resistance
2010-09-16 17:02:05 [Message] fib_1618 -> Chat: but also a declining tops line
2010-09-16 17:02:34 [Message] fib_1618 -> Chat: to have the MCSUM able to move above both, without the benefit of moving below the zero line first, is close to impossible
2010-09-16 17:03:00 [Message] fib_1618 -> Chat: more than anything...we're frothy here
2010-09-16 17:03:07 [Message] fib_1618 -> Chat: and desperate for a pullback
2010-09-16 17:03:28 [Message] doc -> Chat: This week has smelled of OPEX manipulation
2010-09-16 17:03:35 [Message] fib_1618 -> Chat: we need a good cleansing here before we're likely to break above these two rather significant areas of resistance
2010-09-16 17:03:44 [Message] doc -> Chat: Others have commented on it as well
2010-09-16 17:03:51 [Message] fib_1618 -> Chat: well, we do see it in the data
2010-09-16 17:04:15 [Message] fib_1618 -> Chat: here's the other thing
2010-09-16 17:04:22 [Message] fib_1618 -> Chat: with the A/D line moving to new highs
2010-09-16 17:04:29 [Message] fib_1618 -> Chat: and the NYSE breadth MCSUM not able to (so far)
2010-09-16 17:04:37 [Message] fib_1618 -> Chat: we have the potential here of "trend divergence"
2010-09-16 17:04:51 [Message] doc -> Chat: We did not get any real pullback for the Hurst 2.5wk low that was due Tues-Thurs
2010-09-16 17:05:13 [Message] fib_1618 -> Chat: so the bulls will need to really power up here near term, or the odds are fairly high that we're going to move lower again
2010-09-16 17:05:22 [Message] fib_1618 -> Chat: that could be a danger signal
2010-09-16 17:05:27 [Message] doc -> Chat: Sometimes when I see this, you get 2.5wks up and then 2.5wks down
2010-09-16 17:05:30 [Message] fib_1618 -> Chat: when a cycle bottom doesn't occur
2010-09-16 17:05:48 [Message] fib_1618 -> Chat: even showing a dip
2010-09-16 17:06:03 [Message] fib_1618 -> Chat: of course...it would be one thing if this was a 2.5 DAY cycle
2010-09-16 17:06:10 [Message] fib_1618 -> Chat: we could bottom intraday
2010-09-16 17:06:16 [Message] doc -> Chat: the only thing nagging at me is that it is a low that we move up out of
2010-09-16 17:06:19 [Message] fib_1618 -> Chat: but this is a 2.5 week?
2010-09-16 17:06:36 [Message] doc -> Chat: yes and we had a 60-90 min dip Tues and Wed
2010-09-16 17:06:43 [Message] fib_1618 -> Chat: but can a cycle bottom in which we move out of occur if the market is already "overbought"?
2010-09-16 17:06:45 [Message] doc -> Chat: gone after that
2010-09-16 17:06:59 [Message] doc -> Chat: and a 3 hour dip today, gone by the close
2010-09-16 17:07:07 [Message] fib_1618 -> Chat: the context here is important...day or week or month
2010-09-16 17:07:12 [Message] doc -> Chat: not much for bears playing for the 2.5wk low
2010-09-16 17:07:16 [Message] fib_1618 -> Chat: nope
2010-09-16 17:07:20 [Message] fib_1618 -> Chat: certainly not
2010-09-16 17:07:29 [Message] fib_1618 -> Chat: and this was the point I was trying to make last week
2010-09-16 17:07:36 [Message] doc -> Chat: either OPEX manipulation or initiation thrust
2010-09-16 17:07:49 [Message] fib_1618 -> Chat: there was absolutely no reason to short the rising market until the MCSUM turned lower
2010-09-16 17:07:58 [Message] fib_1618 -> Chat: manipulation aside
2010-09-16 17:08:04 [Message] fib_1618 -> Chat: it is what it is
2010-09-16 17:08:09 [Message] doc -> Chat: right
2010-09-16 17:08:15 [Message] fib_1618 -> Chat: you can only manipulate only so much
2010-09-16 17:08:26 [Message] fib_1618 -> Chat: if you try to swim against a rip tide
2010-09-16 17:08:33 [Message] fib_1618 -> Chat: you might be successful for a time
2010-09-16 17:08:35 [Message] doc -> Chat: till the open tomor will be enough for the kriminals
2010-09-16 17:08:46 [Message] doc -> Chat: lol
2010-09-16 17:08:46 [Message] fib_1618 -> Chat: but eventually you get overwhelmed by the tide itself
2010-09-16 17:08:59 [Message] fib_1618 -> Chat: true
2010-09-16 17:09:12 [Message] fib_1618 -> Chat: here's the other thing to consider
2010-09-16 17:09:20 [Message] fib_1618 -> Chat: we had a CLX buy signal last week
2010-09-16 17:09:34 [Message] fib_1618 -> Chat: and we were able to get "overbought" in less than a week
2010-09-16 17:09:40 [Message] fib_1618 -> Chat: and still, we've not been able to move above the prior price highs?
2010-09-16 17:09:56 [Message] fib_1618 -> Chat: let's look at the volume oscillators
2010-09-16 17:10:17 [Message] fib_1618 -> Chat: divergent highs on the CVI's
2010-09-16 17:10:33 [Message] fib_1618 -> Chat: "overbought" on the STVO's
2010-09-16 17:10:51 [Message] fib_1618 -> Chat: and the VTO's pretty much in the same boat
2010-09-16 17:11:18 [Message] fib_1618 -> Chat: so where's the new money going to come from to break above this upper level of the price range?
2010-09-16 17:11:37 [Message] fib_1618 -> Chat: how's sentiment?
2010-09-16 17:11:45 [Message] doc -> Chat: prices going up is what gets people buying
2010-09-16 17:12:16 [Message] doc -> Chat: we are up 80 naz pts and 35 spx points since last Tues close
2010-09-16 17:12:33 [Message] fib_1618 -> Chat: and I'm sorry I missed it
2010-09-16 17:12:42 [Message] fib_1618 -> Chat: but technically...it wasn't a good play
2010-09-16 17:12:48 [Message] doc -> Chat: understood
2010-09-16 17:13:05 [Message] fib_1618 -> Chat: we had talked about the possibility of momentum taking us back up to the top of the range
2010-09-16 17:13:09 [Message] fib_1618 -> Chat: and we have now met that
2010-09-16 17:13:18 [Message] fib_1618 -> Chat: and we are grossly "overbought"
2010-09-16 17:13:27 [Message] fib_1618 -> Chat: and we have OPEX on top of it??
2010-09-16 17:13:40 [Message] fib_1618 -> Chat: sorry...not me
2010-09-16 17:13:52 [Message] fib_1618 -> Chat: the best thing that could happen tomorrow
2010-09-16 17:14:12 [Message] fib_1618 -> Chat: is that we go to a higher price high than the August top
2010-09-16 17:14:24 [Message] fib_1618 -> Chat: and have breadth -1000 or more negative
2010-09-16 17:14:29 [Message] fib_1618 -> Chat: there's your short
2010-09-16 17:14:59 [Message] fib_1618 -> Chat: almost a gift
2010-09-16 17:15:12 [Message] fib_1618 -> Chat: (or as close there is to one)
2010-09-16 17:15:17 [Message] doc -> Chat: So you would short if we have a gap and cr*p and breadth -1000 tomor
2010-09-16 17:15:37 [Message] fib_1618 -> Chat: I don't know if I would pull the trigger to quickly
2010-09-16 17:15:40 [Message] fib_1618 -> Chat: because
2010-09-16 17:15:46 [Message] fib_1618 -> Chat: if we do move to the zero line
2010-09-16 17:15:50 [Message] fib_1618 -> Chat: we should have a technical bounce the next day
2010-09-16 17:16:02 [Message] fib_1618 -> Chat: off of that bounce, however, yes...
2010-09-16 17:16:16 [Message] fib_1618 -> Chat: maybe a small nibble just to be there with the weekend
2010-09-16 17:16:36 [Message] fib_1618 -> Chat: but the odds - the probability of direction - favors the downside now
2010-09-16 17:16:45 [Message] fib_1618 -> Chat: how much? don't really know
2010-09-16 17:16:49 [Message] fib_1618 -> Chat: but I do know the limit
2010-09-16 17:17:08 [Message] fib_1618 -> Chat: if we start breaking internal lows...then we know that the limit may not hold
2010-09-16 17:17:24 [Message] fib_1618 -> Chat: but the odds of continuing to make higher highs
2010-09-16 17:17:28 [Message] fib_1618 -> Chat: although doable
2010-09-16 17:17:32 [Message] fib_1618 -> Chat: and anything can happen
2010-09-16 17:17:45 [Message] fib_1618 -> Chat: is a disaster in the making once the tide turns
2010-09-16 17:18:00 [Message] fib_1618 -> Chat: I just wouldn't buy in the advance
2010-09-16 17:18:15 [Message] fib_1618 -> Chat: the easier trade will be on any downside correction
2010-09-16 17:18:22 [Message] fib_1618 -> Chat: maybe not the most profitable
2010-09-16 17:18:29 [Message] fib_1618 -> Chat: but it will be the easier of the two
2010-09-16 17:18:46 [Message] fib_1618 -> Chat: and with the NYSE breadth MCSUM as high as it is
2010-09-16 17:19:14 [Message] fib_1618 -> Chat: any downside technical correction to even up the trend of money
2010-09-16 17:19:45 [Message] fib_1618 -> Chat: should be played as a quick hit and run affair...don't get greedy
2010-09-16 17:19:53 [Message] fib_1618 -> Chat: again...we still remain locked in consolidation
2010-09-16 17:20:11 [Message] fib_1618 -> Chat: with an upward bias once we do break out
2010-09-16 17:20:18 [Message] fib_1618 -> Chat: but we need more time
2010-09-16 17:20:28 [Message] fib_1618 -> Chat: better configurations
2010-09-16 17:20:35 [Message] fib_1618 -> Chat: let me look at the NYUD
2010-09-16 17:21:03 [Message] fib_1618 -> Chat: ahhh...come on - http://www.technicalwatch.com/chat10/nyud091610.png
2010-09-16 17:21:12 [Message] fib_1618 -> Chat: look at the flat line on the NYUD
2010-09-16 17:21:19 [Message] fib_1618 -> Chat: you want to buy that?
2010-09-16 17:21:31 [Message] fib_1618 -> Chat: (figure of speech...no finger pointing implied)
2010-09-16 17:21:42 [Message] fib_1618 -> Chat: where's the beef?
2010-09-16 17:21:50 [Message] fib_1618 -> Chat: where's the conviction?
2010-09-16 17:22:01 [Message] fib_1618 -> Chat: where's the confidence?
2010-09-16 17:22:29 [Message] doc -> Chat: Truth be told, most incl me were hesitant to buy last week due to overbought and now, more so
2010-09-16 17:22:31 [Message] fib_1618 -> Chat: if anything
2010-09-16 17:22:38 [Message] fib_1618 -> Chat: how about a test of the EMA's first?
2010-09-16 17:23:04 [Message] fib_1618 -> Chat: truth be told...as a technician, your risk/reward was not in your corner
2010-09-16 17:23:25 [Message] doc -> Chat: I know we've skipped around today, but there is one index already breaking out, so lets take a peek at the internals for NDX
2010-09-16 17:23:30 [Message] fib_1618 -> Chat: how many bears have become bulls in the last couple of days I wonder?
2010-09-16 17:23:43 [Message] fib_1618 -> Chat: OK...
2010-09-16 17:24:19 [Message] fib_1618 -> Chat: yes...breadth looks great
2010-09-16 17:24:39 [Message] fib_1618 -> Chat: volume too
2010-09-16 17:24:57 [Message] fib_1618 -> Chat: but wouldn't you want to see the secondaries leading?
2010-09-16 17:25:09 [Message] fib_1618 -> Chat: and by how many weeks is prudent?
2010-09-16 17:25:11 [Message] doc -> Chat: we should get the breadth mcsum above +500 on this go around and yes I would
2010-09-16 17:25:14 [Message] fib_1618 -> Chat: yes
2010-09-16 17:25:15 [Message] fib_1618 -> Chat: agreed
2010-09-16 17:25:50 [Message] fib_1618 -> Chat: Lew...you have a count on the NDX?
2010-09-16 17:26:16 [Message] thespookyone -> Chat: I have it done
2010-09-16 17:26:36 [Message] fib_1618 -> Chat: the MCO agrees with you
2010-09-16 17:26:48 [Message] fib_1618 -> Chat: divergent bottom...followed by...a divergent top
2010-09-16 17:27:06 [Message] fib_1618 -> Chat: I just don't see a breakout here
2010-09-16 17:27:21 [Message] fib_1618 -> Chat: the NDX is showing promise now for the first time since April
2010-09-16 17:27:25 [Message] fib_1618 -> Chat: granted...and great
2010-09-16 17:27:33 [Message] thespookyone -> Chat: and, I don't find the breadth that good, as it is lower now with the NDX 50 points higher-
2010-09-16 17:27:56 [Message] fib_1618 -> Chat: well - you do have momentum divergence on a short term basis
2010-09-16 17:28:04 [Message] fib_1618 -> Chat: however, as an alternate
2010-09-16 17:28:26 [Message] fib_1618 -> Chat: until the late August MCO lows are taken out
2010-09-16 17:28:34 [Message] fib_1618 -> Chat: it could be an extension
2010-09-16 17:28:41 [Message] fib_1618 -> Chat: finishing a smaller two
2010-09-16 17:28:52 [Message] fib_1618 -> Chat: what we need for a center point 3 is for a higher high in the MCO
2010-09-16 17:28:56 [Message] thespookyone -> Chat: yes
2010-09-16 17:29:03 [Message] doc -> Chat: We have a nice series of bottoms above bottoms on MCO
2010-09-16 17:29:07 [Message] fib_1618 -> Chat: so if the NDX pulls back for a retest of the range
2010-09-16 17:29:11 [Message] fib_1618 -> Chat: and finds support....
2010-09-16 17:29:15 [Message] fib_1618 -> Chat: yes
2010-09-16 17:29:33 [Message] fib_1618 -> Chat: given that the NASDAQ stocks tend to lead the primaries by about a month
2010-09-16 17:29:50 [Message] fib_1618 -> Chat: we have to consider that the NDX is showing leadership here for the upcoming bottom
2010-09-16 17:30:02 [Message] fib_1618 -> Chat: the one thing that we don't want to do here
2010-09-16 17:30:06 [Message] fib_1618 -> Chat: is lead off too soon
2010-09-16 17:30:07 [Message] tracca -> Chat: Fib, could you look at Put/Call ratio charts?
2010-09-16 17:30:09 [Message] fib_1618 -> Chat: on either side
2010-09-16 17:30:12 [Message] doc -> Chat: OEX mcsum also new local highs and above the DTL
2010-09-16 17:30:13 [Message] fib_1618 -> Chat: sure tracca
2010-09-16 17:30:17 [Message] thespookyone -> Chat: it sometimes lags tops, as well though, as in 2007
2010-09-16 17:30:24 [Message] fib_1618 -> Chat: generally speaking
2010-09-16 17:30:44 [Message] fib_1618 -> Chat: the NASDAQ group of stocks can top out by about 2-3 months ahead of the primaries
2010-09-16 17:30:46 [Message] fib_1618 -> Chat: reason is
2010-09-16 17:31:11 [Message] fib_1618 -> Chat: that money will move from areas where no earnings are provided to those issues that do have earnings before money leaves overall
2010-09-16 17:31:46 [Message] thespookyone -> Chat: they bottomed 2 months before the large before this last big run up
2010-09-16 17:32:03 [Message] fib_1618 -> Chat: I would rate the put/calls dead neutral right now
2010-09-16 17:32:27 [Message] fib_1618 -> Chat: that would historically reasonable Lew
2010-09-16 17:33:01 [Message] fib_1618 -> Chat: I should have more time to review the charts before tomorrow's chat
2010-09-16 17:33:23 [Message] fib_1618 -> Chat: and maybe I'll see something I haven't as yet
2010-09-16 17:33:25 [Message] fib_1618 -> Chat: one moment
2010-09-16 17:34:00 [Message] doc -> Chat: spooz now +5 from the close
2010-09-16 17:35:34 [Message] fib_1618 -> Chat: where are they in relation to the 1125 cash?
2010-09-16 17:35:52 [Message] fib_1618 -> Chat: pattern wise?
2010-09-16 17:36:44 [Message] fib_1618 -> Chat: looking at the volume MCSUM's
2010-09-16 17:36:58 [Message] fib_1618 -> Chat: both the NASDAQ and NDX are both at new highs now
2010-09-16 17:37:29 [Message] fib_1618 -> Chat: this is why we need to keep the door open that while the NYA group of stocks may sell off towards the lower level of the consolidation
2010-09-16 17:37:36 [Message] fib_1618 -> Chat: the NDX may only need to snapback
2010-09-16 17:37:59 [Message] fib_1618 -> Chat: one things for sure
2010-09-16 17:38:06 [Message] fib_1618 -> Chat: this market wants to go higher
2010-09-16 17:38:14 [Message] fib_1618 -> Chat: all it needs is an incentive to do so
2010-09-16 17:38:31 [Message] fib_1618 -> Chat: speaking of comparisons to 1994 that we had last week
2010-09-16 17:39:11 [Message] fib_1618 -> Chat: I heard today that the percentage of people in the US who are at poverty levels are at the highest levels since 1994
2010-09-16 17:39:40 [Message] fib_1618 -> Chat: goooooooo stimulus!
2010-09-16 17:40:05 [Message] fib_1618 -> Chat: the Dow volume MCSUM is at higher highs
2010-09-16 17:40:25 [Message] fib_1618 -> Chat: the MID and SML as well
2010-09-16 17:40:44 [Message] fib_1618 -> Chat: the SML volume MCSUM is at both pattern and zero line resistance now
2010-09-16 17:41:14 [Message] fib_1618 -> Chat: the MID volume MCSUM is at the +240 level
2010-09-16 17:41:30 [Message] fib_1618 -> Chat: which could be a good place for a rest (+250)
2010-09-16 17:42:30 [Message] fib_1618 -> Chat: here's something for the bulls http://www.decisionpoint.com/prime/dailycharts/dollarwtdvolspx.html
2010-09-16 17:42:39 [Message] fib_1618 -> Chat: for those who don't have DP
2010-09-16 17:42:50 [Message] fib_1618 -> Chat: we're looking at the dollar weighted volume charts
2010-09-16 17:43:16 [Message] fib_1618 -> Chat: all four of them are leading price to the upside
2010-09-16 17:43:35 [Message] fib_1618 -> Chat: one more shake out should do it
2010-09-16 17:43:59 [Message] fib_1618 -> Chat: we're getting very close now to a tradable bottom
2010-09-16 17:44:08 [Message] fib_1618 -> Chat: I just don't believe we've seen it as yet
2010-09-16 17:44:19 [Message] fib_1618 -> Chat: one more pullback would line everything up nicely
2010-09-16 17:44:56 [Message] fib_1618 -> Chat: could you imagine the bearish sentiment if we start moving lower after the last couple of weeks and failing to move above the August highs?
2010-09-16 17:45:22 [Message] doc -> Chat: how much lower would you expect given the technicals?
2010-09-16 17:45:35 [Message] fib_1618 -> Chat: the NYSE could challenge the July lows
2010-09-16 17:45:47 [Message] fib_1618 -> Chat: the NASDAQ...I don't believe it will correct as deeply
2010-09-16 17:45:55 [Message] fib_1618 -> Chat: the range remains the same
2010-09-16 17:46:10 [Message] fib_1618 -> Chat: I see nothing indicating a breakout of the consolidation pattern
2010-09-16 17:46:14 [Message] fib_1618 -> Chat: either higher or lower
2010-09-16 17:46:42 [Message] fib_1618 -> Chat: so...1125 on the high side, 1050 on the low side
2010-09-16 17:46:54 [Message] fib_1618 -> Chat: it's been the same since early August
2010-09-16 17:47:09 [Message] fib_1618 -> Chat: time for trip down
2010-09-16 17:47:30 [Message] fib_1618 -> Chat: and given that many of the MCSUM's are above their zero lines
2010-09-16 17:47:48 [Message] fib_1618 -> Chat: it should be more of a drip drip affair instead of a blood bath
2010-09-16 17:48:09 [Message] fib_1618 -> Chat: opinions?
2010-09-16 17:48:34 [Message] fib_1618 -> Chat: aren't indecision patterns a bitch?
2010-09-16 17:48:55 [Message] fib_1618 -> Chat: it tests your fortitude...that's for sure
2010-09-16 17:49:10 [Message] thespookyone -> Chat: mostly agree, but if the summations that are above zero break.....
2010-09-16 17:49:23 [Message] fib_1618 -> Chat: if they break
2010-09-16 17:49:34 [Message] fib_1618 -> Chat: then we have to hope for a move below the zero line in all cases
2010-09-16 17:49:44 [Message] fib_1618 -> Chat: we need to build up bearish sentiment to secure a low
2010-09-16 17:49:46 [Message] doc -> Chat: The next important Hurst low would be the 20wk low due in about 33 trading days
2010-09-16 17:50:23 [Message] fib_1618 -> Chat: so that would be...after October Opex?
2010-09-16 17:50:25 [Message] doc -> Chat: Maybe from yesterday
2010-09-16 17:50:35 [Message] fib_1618 -> Chat: a little later
2010-09-16 17:50:41 [Message] fib_1618 -> Chat: the 3rd week of October?
2010-09-16 17:50:43 [Message] doc -> Chat: I think it targets first wk in Nov
2010-09-16 17:50:49 [Message] fib_1618 -> Chat: ha!
2010-09-16 17:50:56 [Message] thespookyone -> Chat: lol
2010-09-16 17:51:03 [Message] fib_1618 -> Chat: and what happens the first week of November ladies and gentlemen??
2010-09-16 17:51:23 [Message] fib_1618 -> Chat: more to the point
2010-09-16 17:51:42 [Message] fib_1618 -> Chat: what happens on November 2nd?
2010-09-16 17:52:06 [Message] doc -> Chat: everyone is waiting to see
2010-09-16 17:52:14 [Message] fib_1618 -> Chat: November 2nd is election day
2010-09-16 17:52:22 [Message] doc -> Chat: who gets elected that is
2010-09-16 17:52:38 [Message] fib_1618 -> Chat: anything else?
2010-09-16 17:52:55 [Message] fib_1618 -> Chat: as an aside
2010-09-16 17:53:02 [Message] fib_1618 -> Chat: watching TV in Vegas
2010-09-16 17:53:16 [Message] fib_1618 -> Chat: I would say that every other commercial was for the US Senate race
2010-09-16 17:53:28 [Message] fib_1618 -> Chat: the seat that Harry Reid holds
2010-09-16 17:53:38 [Message] fib_1618 -> Chat: they are going at it tooth and nail there
2010-09-16 17:53:56 [Message] fib_1618 -> Chat: and they are in a dead heat
2010-09-16 17:54:03 [Message] fib_1618 -> Chat: speaking to the locals
2010-09-16 17:54:32 [Message] fib_1618 -> Chat: they don't like Harry...but (I forget her name) has foot in mouth disease
2010-09-16 17:54:51 [Message] fib_1618 -> Chat: too much indecision
2010-09-16 17:54:59 [Message] fib_1618 -> Chat: too many unknowns
2010-09-16 17:55:10 [Message] fib_1618 -> Chat: not enough clarity
2010-09-16 17:55:20 [Message] doc -> Chat: thanks for the chat fib, gotta go
2010-09-16 17:55:23 [Message] fib_1618 -> Chat: and so the market chops
2010-09-16 17:55:26 [Message] fib_1618 -> Chat: me too
2010-09-16 17:55:33 [Message] fib_1618 -> Chat: unless there's anything else?
2010-09-16 17:55:46 [Message] thespookyone -> Chat: nope,thanks
2010-09-16 17:55:58 [Message] fib_1618 -> Chat: OK...remember...we have a chat tomorrow
2010-09-16 17:56:05 [Message] fib_1618 -> Chat: so I'll see you folks then
2010-09-16 17:56:08 [Message] fib_1618 -> Chat: have a great evening
2010-09-16 17:56:10 [Message] fib_1618 -> Chat: good night

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