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fib_1618

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Reply with quote  #1 
2010-09-17 16:00:07 [Message] fib_1618 -> Chat: good day
2010-09-17 16:00:11 [Message] fib_1618 -> Chat: how is everyone?
2010-09-17 16:01:49 [Message] fib_1618 -> Chat: OK...let me get DP up and we'll get going
2010-09-17 16:02:20 [Message] fib_1618 -> Chat: we have a small point change on the CO NYSE breadth MCO this evening
2010-09-17 16:02:52 [Message] fib_1618 -> Chat: with price not being able to break out above the 7200 level on the NYA
2010-09-17 16:03:26 [Message] fib_1618 -> Chat: and both price and the CO NYSE breadth MCSUM now testing their August highs
2010-09-17 16:03:49 [Message] fib_1618 -> Chat: pretty much bullish in the overall structure
2010-09-17 16:04:18 [Message] fib_1618 -> Chat: but we're probably still "overbought" enough where any further upside to both breadth and price will be limited for a bit
2010-09-17 16:05:04 [Message] fib_1618 -> Chat: we also have a small point change on the composite NYSE breadth MCO this evening
2010-09-17 16:05:19 [Message] fib_1618 -> Chat: so let's expect a dramatic move in the major market averages in the next two trading sessions
2010-09-17 16:05:51 [Message] fib_1618 -> Chat: the composite NYSE breadth MCSUM remains at a lower level than where it was at the August peak
2010-09-17 16:06:21 [Message] fib_1618 -> Chat: and we're now entering the territory that would be consistent to the intermediate trend being "overbought" with a reading of +696
2010-09-17 16:06:57 [Message] fib_1618 -> Chat: moving on to the NASDAQ breadth MCO, and here again we had a small point change today
2010-09-17 16:07:22 [Message] fib_1618 -> Chat: with the NASDAQ breadth MCSUM perceptively above its August high point
2010-09-17 16:07:40 [Message] fib_1618 -> Chat: but still below its zero line...with a reading of -143
2010-09-17 16:08:20 [Message] fib_1618 -> Chat: the price pattern of the NASDAQ composite itself was able to move to a higher high compared with the August top, and with the MCO still below these same early August levels, we now have clean bearish divergence
2010-09-17 16:09:32 [Message] fib_1618 -> Chat: the more important level for the NASDAQ composite chart remains with the mid June peak
2010-09-17 16:09:57 [Message] fib_1618 -> Chat: as this is the upper level of the trading range from the April collapse
2010-09-17 16:10:20 [Message] fib_1618 -> Chat: small point change as well with the NDX breadth MCO
2010-09-17 16:10:46 [Message] fib_1618 -> Chat: and prices continue to climb higher...taking out the Mid June price peak as well
2010-09-17 16:11:22 [Message] fib_1618 -> Chat: the NDX breadth MCSUM has also moved above the +500 level for the first time since May
2010-09-17 16:12:11 [Message] fib_1618 -> Chat: where +500 is the MCSUM level in which there is enough money, stimulus, available in the market that the price trend can now be called higher
2010-09-17 16:12:44 [Message] fib_1618 -> Chat: so the bears have now lost this battle on an intermediate term basis
2010-09-17 16:13:11 [Message] fib_1618 -> Chat: small point change on the SPX breadth MCO
2010-09-17 16:13:36 [Message] fib_1618 -> Chat: with price taking a peak above the 1125 cash level earlier in the morning and didn't like what it saw
2010-09-17 16:13:54 [Message] fib_1618 -> Chat: the SPX breadth MCSUM is now at the +250 level
2010-09-17 16:14:16 [Message] fib_1618 -> Chat: so if the bears are going to take the reins again from the bulls, this would be the time to do so
2010-09-17 16:14:41 [Message] fib_1618 -> Chat: the OEX breadth MCO has again moved lower today
2010-09-17 16:14:56 [Message] fib_1618 -> Chat: but still has a minimal "overbought" reading of +51
2010-09-17 16:15:04 [Message] fib_1618 -> Chat: not a time to short with a reading this high
2010-09-17 16:15:18 [Message] fib_1618 -> Chat: one could, I guess, but not for more than a day at a time
2010-09-17 16:15:57 [Message] fib_1618 -> Chat: the Dow breadth MCO now has a reading of +63
2010-09-17 16:16:08 [Message] fib_1618 -> Chat: so it remains positive on a short term trending basis
2010-09-17 16:16:25 [Message] fib_1618 -> Chat: the Dow breadth MCSUM has now moved above the +500 level today
2010-09-17 16:16:49 [Message] fib_1618 -> Chat: so baring any near term weakness to correct the current "overbought" condition
2010-09-17 16:17:07 [Message] fib_1618 -> Chat: once taken care of...the trend can now be said as being up
2010-09-17 16:17:39 [Message] fib_1618 -> Chat: the MID breadth MCO moved slightly higher today bouncing off the +50 level
2010-09-17 16:18:25 [Message] fib_1618 -> Chat: with the MID breadth MCSUM now challenging its August highs
2010-09-17 16:20:06 [Message] fib_1618 -> Chat: the SML breadth MCO also had a small bounce higher today
2010-09-17 16:20:27 [Message] fib_1618 -> Chat: with the SML breadth MCSUM now just below its zero line with a reading of -45
2010-09-17 16:21:07 [Message] fib_1618 -> Chat: it will be important for this MCSUM to clear above the zero line before any real attempt of an advancing price structure can be supported
2010-09-17 16:21:43 [Message] fib_1618 -> Chat: and a small point change on the TM breadth MCO
2010-09-17 16:22:08 [Message] fib_1618 -> Chat: with the TM breadth MCSUM now just below its August peak
2010-09-17 16:22:24 [Message] fib_1618 -> Chat: moving on to the sector charts
2010-09-17 16:22:42 [Message] fib_1618 -> Chat: small point change on the XLY breadth MCO
2010-09-17 16:23:09 [Message] fib_1618 -> Chat: with the XLY breadth MCSUM now above its +250 level
2010-09-17 16:23:54 [Message] fib_1618 -> Chat: this is technically important as it now suggests that the intermediate term trend for both money flow, and prices overall, is now up for this sector
2010-09-17 16:24:28 [Message] fib_1618 -> Chat: the XLP breadth MCO continues to show a bit of a struggle here
2010-09-17 16:24:49 [Message] fib_1618 -> Chat: with its small degree "back and forth" movement seen on the chart over the last week or so
2010-09-17 16:25:05 [Message] fib_1618 -> Chat: with price at higher highs than that of the August peak
2010-09-17 16:25:13 [Message] fib_1618 -> Chat: and the MCO at lower levels
2010-09-17 16:25:30 [Message] fib_1618 -> Chat: it's very likely that we're going to get a bearish divergent structure in place
2010-09-17 16:26:03 [Message] fib_1618 -> Chat: it's also of note that prices are not only above the August peak, but they have now fully met their technical objective given by the MCO back in July
2010-09-17 16:26:17 [Message] fib_1618 -> Chat: and that would be the April highs
2010-09-17 16:26:28 [Message] fib_1618 -> Chat: so...we could be looking at a short term double top here
2010-09-17 16:27:03 [Message] fib_1618 -> Chat: where defensive money will now start to come out of the staples and into more risky sectors
2010-09-17 16:27:30 [Message] fib_1618 -> Chat: the XLE breadth MCO has now fully snapped back down to its zero line
2010-09-17 16:27:45 [Message] fib_1618 -> Chat: so a bounce might be expected here as soon as Monday
2010-09-17 16:28:12 [Message] fib_1618 -> Chat: the XLE breadth MCSUM remains fully under its zero line with a reading of -607
2010-09-17 16:28:22 [Message] fib_1618 -> Chat: so nothing bullish here to report
2010-09-17 16:29:11 [Message] fib_1618 -> Chat: the rally from earlier this week was able to push the XLF breadth MCO to higher highs than that of August
2010-09-17 16:29:36 [Message] fib_1618 -> Chat: and the XLF breadth MCSUM is now back above its zero line for the first time since May
2010-09-17 16:30:02 [Message] fib_1618 -> Chat: as was discussed last week, this sector, and technologies, continue to be the leaders
2010-09-17 16:30:35 [Message] fib_1618 -> Chat: any move above the 15 level in the XLF would be a buy signal at this stage
2010-09-17 16:31:02 [Message] fib_1618 -> Chat: and unlike the last time we were at this level
2010-09-17 16:31:27 [Message] fib_1618 -> Chat: this time we have a much better chance of breaking above this price ceiling
2010-09-17 16:32:00 [Message] fib_1618 -> Chat: the XLV breadth MCO has a small point change today
2010-09-17 16:32:18 [Message] fib_1618 -> Chat: with having been able to move to higher MCO highs earlier in the week
2010-09-17 16:32:37 [Message] fib_1618 -> Chat: this sector now looks to be in much better strength than compared with the July period
2010-09-17 16:33:24 [Message] fib_1618 -> Chat: with the XLV breadth MCSUM adding additional emphasis to this as it not only moved above its +250 level today, but also moved above the August highs in the MCSUM to boot
2010-09-17 16:33:43 [Message] fib_1618 -> Chat: so...this sector is rated a buy
2010-09-17 16:34:19 [Message] fib_1618 -> Chat: a pull back to the 29.50 level would be a good near term entry point
2010-09-17 16:34:57 [Message] fib_1618 -> Chat: the XLI breadth MCO also bounced higher off its +50 level
2010-09-17 16:35:19 [Message] fib_1618 -> Chat: with the XLI breadth MCSUM now just below its zero line with a -10 reading
2010-09-17 16:35:52 [Message] fib_1618 -> Chat: the chart pattern of the XLI itself looks to be one of a base building pattern now
2010-09-17 16:36:20 [Message] fib_1618 -> Chat: with a series of bottoms above bottoms continuing to support the daily chart over the last year
2010-09-17 16:37:04 [Message] fib_1618 -> Chat: the XLB breadth MCO inched its way down today
2010-09-17 16:37:21 [Message] fib_1618 -> Chat: but it's still supporting a +67 reading
2010-09-17 16:37:41 [Message] fib_1618 -> Chat: the XLB breadth MCSUM has now cleared the +500 level today
2010-09-17 16:37:49 [Message] fib_1618 -> Chat: so the trend here can also be called up
2010-09-17 16:38:16 [Message] fib_1618 -> Chat: there's still some significant price resistance at the 35 level
2010-09-17 16:38:45 [Message] fib_1618 -> Chat: so those who may want to wait for further confirmation, we're only 2 points away from this important challenge
2010-09-17 16:39:10 [Message] fib_1618 -> Chat: small point change in the XLK breadth MCO
2010-09-17 16:39:25 [Message] fib_1618 -> Chat: with a highly "overbought" reading of +86
2010-09-17 16:40:01 [Message] fib_1618 -> Chat: like price itself, the XLK breadth MCSUM is also in the midst of challenging its August high point
2010-09-17 16:40:24 [Message] fib_1618 -> Chat: so any break above the 22.50 level, with strong breadth numbers, would be our buy signal there
2010-09-17 16:41:02 [Message] fib_1618 -> Chat: and there's quite a bit of selling in the XLU sector now
2010-09-17 16:41:10 [Message] thespookyone -> Chat: how strong of numbers?
2010-09-17 16:41:30 [Message] fib_1618 -> Chat: with today's reading on the XLU breadth MCO at a -76
2010-09-17 16:41:39 [Message] fib_1618 -> Chat: on the utilities?
2010-09-17 16:41:51 [Message] thespookyone -> Chat: on the breadth
2010-09-17 16:41:56 [Message] fib_1618 -> Chat: overall?
2010-09-17 16:42:01 [Message] thespookyone -> Chat: yes
2010-09-17 16:42:11 [Message] fib_1618 -> Chat: let me check..I know it was slightly positive
2010-09-17 16:42:25 [Message] fib_1618 -> Chat: we have a whole kettle full of small point changes tonight
2010-09-17 16:42:44 [Message] fib_1618 -> Chat: 1792/1236
2010-09-17 16:42:59 [Message] thespookyone -> Chat: I was referencing your comment to buy above 22.50 with strong breadth, sorry
2010-09-17 16:43:04 [Message] fib_1618 -> Chat: so a bit better than +400 which was our zero point change
2010-09-17 16:43:09 [Message] fib_1618 -> Chat: oh
2010-09-17 16:43:18 [Message] fib_1618 -> Chat: that 22.50 was on the XLK
2010-09-17 16:43:22 [Message] fib_1618 -> Chat: tech
2010-09-17 16:43:27 [Message] thespookyone -> Chat: ah, thank you
2010-09-17 16:43:39 [Message] fib_1618 -> Chat: see what happens when you come in late?
2010-09-17 16:43:53 [Message] thespookyone -> Chat: forgot, luckily only for a bit
2010-09-17 16:44:02 [Message] fib_1618 -> Chat: not a problem
2010-09-17 16:44:10 [Message] fib_1618 -> Chat: back to the XLU data
2010-09-17 16:44:34 [Message] fib_1618 -> Chat: today's breakdown on the XLU breadth MCO has now given us a large gap to the downside on the XLU breadth MCSUM
2010-09-17 16:45:09 [Message] fib_1618 -> Chat: keep in mind, however, that this MCSUM remains at a very high level...a +956
2010-09-17 16:45:20 [Message] fib_1618 -> Chat: so don't expect the price chart to fall apart
2010-09-17 16:45:30 [Message] fib_1618 -> Chat: only that money is now moving out of defensive issues
2010-09-17 16:45:36 [Message] fib_1618 -> Chat: as we saw with the consumer staples
2010-09-17 16:45:56 [Message] fib_1618 -> Chat: this would also suggest that interest rates have probably found their lows for this cycle
2010-09-17 16:46:07 [Message] fib_1618 -> Chat: but at the same time
2010-09-17 16:46:21 [Message] fib_1618 -> Chat: this doesn't necessarily mean that they're going higher anytime soon either
2010-09-17 16:46:25 [Message] fib_1618 -> Chat: call it a consolidation
2010-09-17 16:46:46 [Message] fib_1618 -> Chat: but lower lows in rates are now pretty much history
2010-09-17 16:46:53 [Message] fib_1618 -> Chat: this would also mean
2010-09-17 16:47:08 [Message] fib_1618 -> Chat: if you want to refinance...or lock in a loan...this would be the time to start looking around
2010-09-17 16:48:15 [Message] fib_1618 -> Chat: the volume MCSUM's all continue to be a sore spot in all this
2010-09-17 16:48:41 [Message] fib_1618 -> Chat: with the MID and SML volume MCO's having a small point change today
2010-09-17 16:49:02 [Message] fib_1618 -> Chat: but the good news here for the bulls
2010-09-17 16:49:23 [Message] fib_1618 -> Chat: is that the volume MCSUM's for the MID and SML are leading the breadth MCSUM's to the upside
2010-09-17 16:49:29 [Message] fib_1618 -> Chat: so unlike the July period we're now in a proper configuration between volume and breadth
2010-09-17 16:50:05 [Message] fib_1618 -> Chat: and the secondaries are leading the primaries to the upside
2010-09-17 16:50:22 [Message] fib_1618 -> Chat: good constructive evidence that a new uptrend is about to begin
2010-09-17 16:50:38 [Message] fib_1618 -> Chat: or putting it another way
2010-09-17 16:51:01 [Message] fib_1618 -> Chat: aside from any short term sell offs...it's probably better to put the bear claws away for a while
2010-09-17 16:51:46 [Message] fib_1618 -> Chat: all we really need now is for some backing and filling to get a better foundation to build on and we should be on our way
2010-09-17 16:52:35 [Message] fib_1618 -> Chat: not much in the way of changes with the CVI, STVO, and VTO data
2010-09-17 16:52:54 [Message] fib_1618 -> Chat: all suggesting a pause to refresh is needed before proceeding
2010-09-17 16:53:43 [Message] fib_1618 -> Chat: the weakest sector is energy
2010-09-17 16:53:53 [Message] fib_1618 -> Chat: the strongest remains the financials and tech
2010-09-17 16:54:11 [Message] fib_1618 -> Chat: NYSE TRIN at 1.86
2010-09-17 16:54:19 [Message] fib_1618 -> Chat: oh man!
2010-09-17 16:54:28 [Message] fib_1618 -> Chat: boy...did we take the air out today!
2010-09-17 16:54:42 [Message] fib_1618 -> Chat: NYSE Open 10 now at .99!
2010-09-17 16:55:12 [Message] fib_1618 -> Chat: hmmm...must be the first .25 reading went off the radar today
2010-09-17 16:55:34 [Message] fib_1618 -> Chat: we have another one that was around .30 still to go...probably gone by Tuesday if my memory serves
2010-09-17 16:55:52 [Message] fib_1618 -> Chat: anyway... .99 is just this side of being "oversold" now
2010-09-17 16:56:17 [Message] fib_1618 -> Chat: NASDAQ TRIN at 1.14
2010-09-17 16:56:32 [Message] fib_1618 -> Chat: Open 10 at .77
2010-09-17 16:56:40 [Message] fib_1618 -> Chat: still highly "overbought" there
2010-09-17 16:56:54 [Message] fib_1618 -> Chat: TM TRIN at 1.39
2010-09-17 16:57:03 [Message] fib_1618 -> Chat: Open 10 at .85
2010-09-17 16:57:20 [Message] fib_1618 -> Chat: pretty much neutral with a bearish slant there
2010-09-17 16:57:22 [Message] fib_1618 -> Chat: so...
2010-09-17 16:57:37 [Message] fib_1618 -> Chat: if the NYSE Open 10 number is any indication
2010-09-17 16:57:46 [Message] fib_1618 -> Chat: we might be "correcting on the fly" here
2010-09-17 16:58:08 [Message] fib_1618 -> Chat: which could suggest that we not sell off to correct any further excesses we might have
2010-09-17 16:58:25 [Message] fib_1618 -> Chat: but would tend to churn in what would be knows as a high level consolidation
2010-09-17 16:58:37 [Message] fib_1618 -> Chat: a correction of "time" as opposed to "price"
2010-09-17 16:58:41 [Message] fib_1618 -> Chat: if this is the case
2010-09-17 16:58:47 [Message] fib_1618 -> Chat: the MCSUM's will continue to move higher
2010-09-17 16:58:56 [Message] fib_1618 -> Chat: taking out their August highs (where they haven't)
2010-09-17 16:58:58 [Message] fib_1618 -> Chat: which would also mean
2010-09-17 16:59:18 [Message] fib_1618 -> Chat: that the various MCO's will remain above their zero lines for a while
2010-09-17 16:59:37 [Message] fib_1618 -> Chat: and where the best the bears can hopeful is for a zero line test
2010-09-17 17:00:13 [Message] fib_1618 -> Chat: is this what a Primary center point of a 3rd wave higher looks like at its beginning stages??
2010-09-17 17:00:21 [Message] fib_1618 -> Chat: don't know
2010-09-17 17:00:30 [Message] fib_1618 -> Chat: but I'm sure we're going to find out
2010-09-17 17:00:43 [Message] fib_1618 -> Chat: bottom line though
2010-09-17 17:01:11 [Message] fib_1618 -> Chat: is that I wouldn't look for too much upside here...and if we do move higher...it will be difficult to hold above the August highs for any length of time
2010-09-17 17:01:18 [Message] fib_1618 -> Chat: sort of like we saw today
2010-09-17 17:01:58 [Message] fib_1618 -> Chat: looking at the Bollinger PVI
2010-09-17 17:02:15 [Message] fib_1618 -> Chat: and it shows that there was a lot of put buyers today in equities
2010-09-17 17:02:45 [Message] fib_1618 -> Chat: and in the OEX to a slightly lesser degree
2010-09-17 17:03:08 [Message] fib_1618 -> Chat: seems these players are thinking that we're not going to break above the 1125 area this time around either
2010-09-17 17:03:41 [Message] fib_1618 -> Chat: given the way the market rallied sharply at the open, and just as sharply moved back to the starting point and consolidated the rest of the day, it's probably not a bad play
2010-09-17 17:03:48 [Message] thespookyone -> Chat: did breadth say we would?
2010-09-17 17:03:54 [Message] darris -> Chat: Yes, the Monday after OPEX would seem to be a good time for a correction. They had the normal warm up this morning on the Sept Futures expiration. It is quite a common pattern for the Friday morning of a Quad Witch expiration to be sold immediately on the opening bell.
2010-09-17 17:04:09 [Message] fib_1618 -> Chat: breadth say what? ..I'm not following the thought
2010-09-17 17:04:22 [Message] thespookyone -> Chat: that we will break 1025
2010-09-17 17:04:26 [Message] fib_1618 -> Chat: thanks Darris...we touched upon that yesterday
2010-09-17 17:04:43 [Message] fib_1618 -> Chat: the SPX internals still suggest an outside chance
2010-09-17 17:04:51 [Message] fib_1618 -> Chat: but unlike the July period
2010-09-17 17:05:10 [Message] fib_1618 -> Chat: this time around the chances of moving all the way down to 1025 is pretty slim
2010-09-17 17:05:19 [Message] fib_1618 -> Chat: 1050 is a better target
2010-09-17 17:05:29 [Message] fib_1618 -> Chat: but even that one is close to being canceled now
2010-09-17 17:05:39 [Message] fib_1618 -> Chat: as the SPX breadth MCSUM continues to rise
2010-09-17 17:06:08 [Message] fib_1618 -> Chat: and if it's able to move the August highs
2010-09-17 17:06:14 [Message] fib_1618 -> Chat: which happen to be at the +250 level
2010-09-17 17:06:23 [Message] fib_1618 -> Chat: if this happens...you can forget about 1050
2010-09-17 17:06:36 [Message] fib_1618 -> Chat: the trading range will tighten if anything
2010-09-17 17:06:48 [Message] fib_1618 -> Chat: maybe 1125 to 1100
2010-09-17 17:07:08 [Message] fib_1618 -> Chat: where we saw a reaction high in mid August
2010-09-17 17:07:21 [Message] fib_1618 -> Chat: that would give us support on any pause here
2010-09-17 17:07:33 [Message] fib_1618 -> Chat: but we still haven't moved above +250
2010-09-17 17:07:41 [Message] fib_1618 -> Chat: but the NDX is looking strong
2010-09-17 17:07:49 [Message] fib_1618 -> Chat: the MID and SML are now in rally mode (internally speaking)
2010-09-17 17:08:10 [Message] fib_1618 -> Chat: and like we've been talking about for the last couple of weeks
2010-09-17 17:08:14 [Message] fib_1618 -> Chat: the market wants to go higher
2010-09-17 17:08:16 [Message] darris -> Chat: Well we certainly had a tight trading range this week, considering the start point being the Monday morning open. Futures traded in the day sessions in an 18 pt range all week, with the full range occurring just Thursday and Friday, LOL
2010-09-17 17:08:25 [Message] fib_1618 -> Chat: all it needs is a bit more "stimulus"
2010-09-17 17:08:49 [Message] fib_1618 -> Chat: yup...right at the ceiling of the trading range
2010-09-17 17:08:52 [Message] fib_1618 -> Chat: and in some cases
2010-09-17 17:09:07 [Message] fib_1618 -> Chat: at the overhead resistance point of a symmetrical triangle
2010-09-17 17:09:19 [Message] fib_1618 -> Chat: (I drew them last week in the weekly breadth charts)
2010-09-17 17:09:31 [Message] fib_1618 -> Chat: one things for sure
2010-09-17 17:09:56 [Message] fib_1618 -> Chat: the odds are very high that once this consolidation is completed, we're likely to break out to the upside
2010-09-17 17:10:02 [Message] fib_1618 -> Chat: and do so with vigor
2010-09-17 17:10:15 [Message] fib_1618 -> Chat: the market just wants more assurances
2010-09-17 17:10:50 [Message] fib_1618 -> Chat: keep in mind that we have a couple of technical chart levels to overcome before we can say that we're in the clear
2010-09-17 17:10:56 [Message] fib_1618 -> Chat: first is the July highs
2010-09-17 17:11:01 [Message] fib_1618 -> Chat: next is the mid June highs
2010-09-17 17:11:04 [Message] fib_1618 -> Chat: and lastly the April highs
2010-09-17 17:11:18 [Message] fib_1618 -> Chat: given the emotionalism of the flash crash
2010-09-17 17:11:27 [Message] fib_1618 -> Chat: each one of these levels will prove to be challenging
2010-09-17 17:11:45 [Message] fib_1618 -> Chat: and the longer it takes to accomplish each level
2010-09-17 17:11:59 [Message] fib_1618 -> Chat: if we continue to see constructive evidence internally during these times
2010-09-17 17:12:22 [Message] fib_1618 -> Chat: once we do move above the April highs, it's likely to be an historic move
2010-09-17 17:12:33 [Message] fib_1618 -> Chat: platform patterns are like that
2010-09-17 17:13:03 [Message] fib_1618 -> Chat: since I have a little time...let me take a quick look at the sector charts
2010-09-17 17:13:41 [Message] fib_1618 -> Chat: leaders....
2010-09-17 17:13:48 [Message] fib_1618 -> Chat: XBI
2010-09-17 17:14:05 [Message] fib_1618 -> Chat: BIK (still)
2010-09-17 17:15:08 [Message] fib_1618 -> Chat: so many charts with compressed EMA's now
2010-09-17 17:15:18 [Message] fib_1618 -> Chat: haven't seen it like this...maybe ever
2010-09-17 17:15:42 [Message] fib_1618 -> Chat: EFA looking bullish
2010-09-17 17:15:51 [Message] fib_1618 -> Chat: gold
2010-09-17 17:15:58 [Message] fib_1618 -> Chat: as an aside
2010-09-17 17:16:14 [Message] fib_1618 -> Chat: I can't believe the garbage being tossed about with respect to gold
2010-09-17 17:16:42 [Message] fib_1618 -> Chat: the media is either being dishonest or have absolutely no idea what's going on
2010-09-17 17:17:35 [Message] fib_1618 -> Chat: a little risky...but check out what's going on in BHH
2010-09-17 17:18:00 [Message] fib_1618 -> Chat: up 30% in 3 weeks
2010-09-17 17:18:34 [Message] fib_1618 -> Chat: HHH leading the way
2010-09-17 17:18:53 [Message] fib_1618 -> Chat: oh man...check out IIH!
2010-09-17 17:19:06 [Message] fib_1618 -> Chat: could that be the new SOX?
2010-09-17 17:19:25 [Message] fib_1618 -> Chat: GAF
2010-09-17 17:19:31 [Message] fib_1618 -> Chat: world markets are leading the way higher here
2010-09-17 17:19:48 [Message] fib_1618 -> Chat: so the emerging EFT's should be doing well
2010-09-17 17:19:54 [Message] fib_1618 -> Chat: will check in a moment
2010-09-17 17:20:20 [Message] fib_1618 -> Chat: watch retail here
2010-09-17 17:20:35 [Message] fib_1618 -> Chat: remember...the market should start discounting holiday sales starting around now
2010-09-17 17:21:21 [Message] fib_1618 -> Chat: wow...silver at multi year highs now
2010-09-17 17:21:57 [Message] fib_1618 -> Chat: get this
2010-09-17 17:22:08 [Message] fib_1618 -> Chat: silver is the highest level now since...
2010-09-17 17:22:12 [Message] fib_1618 -> Chat: anyone want to guess?
2010-09-17 17:22:29 [Message] fib_1618 -> Chat: ah c'mon...guess!
2010-09-17 17:22:53 [Message] gman -> Chat: the Hunt brother debacle?
2010-09-17 17:22:58 [Message] fib_1618 -> Chat: 1980
2010-09-17 17:22:58 [Message] thespookyone -> Chat: 81
2010-09-17 17:23:12 [Message] thespookyone -> Chat: late guess
2010-09-17 17:23:16 [Message] fib_1618 -> Chat: I'm looking at a monthly charts...so it could be 81
2010-09-17 17:23:23 [Message] fib_1618 -> Chat: but that's 30 years ago!
2010-09-17 17:23:49 [Message] fib_1618 -> Chat: could you imagine holding for 30 years just to break even?
2010-09-17 17:23:49 [Message] thespookyone -> Chat: no you are prob right, I was a coin dealer then-it was beautiful
2010-09-17 17:24:11 [Message] thespookyone -> Chat: sold my store in 81-saw it coming
2010-09-17 17:24:17 [Message] fib_1618 -> Chat: looks like October of 1980
2010-09-17 17:24:26 [Message] fib_1618 -> Chat: nice sale
2010-09-17 17:24:33 [Message] thespookyone -> Chat: lucky
2010-09-17 17:24:37 [Message] thespookyone -> Chat: I was young
2010-09-17 17:24:38 [Message] fib_1618 -> Chat:
2010-09-17 17:24:53 [Message] fib_1618 -> Chat: weren't we all?!?!?
2010-09-17 17:24:56 [Message] fib_1618 -> Chat: lol
2010-09-17 17:24:59 [Message] thespookyone -> Chat: lol
2010-09-17 17:25:06 [Message] fib_1618 -> Chat: but I was youngER
2010-09-17 17:25:09 [Message] fib_1618 -> Chat:
2010-09-17 17:25:22 [Message] thespookyone -> Chat:
2010-09-17 17:25:46 [Message] fib_1618 -> Chat: SWH
2010-09-17 17:25:52 [Message] fib_1618 -> Chat: tech is definitely leading here
2010-09-17 17:26:04 [Message] fib_1618 -> Chat: ETF still strong
2010-09-17 17:26:16 [Message] fib_1618 -> Chat: IYZ too
2010-09-17 17:27:01 [Message] fib_1618 -> Chat: the market that's been disappointing so far has been EWC - Canada
2010-09-17 17:27:15 [Message] fib_1618 -> Chat: China still very strong
2010-09-17 17:27:28 [Message] fib_1618 -> Chat: check out CHN
2010-09-17 17:27:51 [Message] fib_1618 -> Chat: my goodness!
2010-09-17 17:28:00 [Message] fib_1618 -> Chat: has anyone checked out Hong Kong?
2010-09-17 17:28:06 [Message] fib_1618 -> Chat: EWH
2010-09-17 17:28:28 [Message] fib_1618 -> Chat: how about Malaysia?
2010-09-17 17:28:34 [Message] fib_1618 -> Chat: EWM
2010-09-17 17:28:54 [Message] gman -> Chat: lots of good looking stuff happening
2010-09-17 17:28:55 [Message] fib_1618 -> Chat: include Singapore too...EWS
2010-09-17 17:29:05 [Message] fib_1618 -> Chat: and it's happening where manufacturing is
2010-09-17 17:29:10 [Message] fib_1618 -> Chat: Asia
2010-09-17 17:29:36 [Message] fib_1618 -> Chat: Sweden is at new highs
2010-09-17 17:29:41 [Message] fib_1618 -> Chat: EWD
2010-09-17 17:30:01 [Message] fib_1618 -> Chat: but what I'm seeing here is that those who manufacture for the world are trending higher
2010-09-17 17:30:12 [Message] fib_1618 -> Chat: the service economies are digesting
2010-09-17 17:30:20 [Message] fib_1618 -> Chat: which makes sense I guess
2010-09-17 17:30:39 [Message] fib_1618 -> Chat: Taiwan is lagging, however
2010-09-17 17:30:45 [Message] fib_1618 -> Chat: EWT
2010-09-17 17:31:19 [Message] fib_1618 -> Chat: commodities continue to look good
2010-09-17 17:31:22 [Message] fib_1618 -> Chat: whoa...
2010-09-17 17:31:30 [Message] fib_1618 -> Chat: check out agriculture!
2010-09-17 17:31:37 [Message] fib_1618 -> Chat: DAG
2010-09-17 17:31:47 [Message] fib_1618 -> Chat: almost a double
2010-09-17 17:32:12 [Message] gman -> Chat: in just 2 1/2 months
2010-09-17 17:32:22 [Message] fib_1618 -> Chat: you know something
2010-09-17 17:32:59 [Message] fib_1618 -> Chat: the more and more I watch the Ultra and Triple ETF's the more I think they should be shut down
2010-09-17 17:33:33 [Message] fib_1618 -> Chat: I'm looking at the Direxion series
2010-09-17 17:33:39 [Message] fib_1618 -> Chat: boy...what a suckers bet
2010-09-17 17:33:53 [Message] fib_1618 -> Chat: the only way to play those issues is as a hedge...period
2010-09-17 17:33:58 [Message] fib_1618 -> Chat: and only a day at a time
2010-09-17 17:34:07 [Message] fib_1618 -> Chat: dangerous to your financial health
2010-09-17 17:34:18 [Message] fib_1618 -> Chat: wonder why Congress doesn't look into them?
2010-09-17 17:34:19 [Message] thespookyone -> Chat: a scam
2010-09-17 17:34:22 [Message] fib_1618 -> Chat: they are!
2010-09-17 17:34:26 [Message] thespookyone -> Chat: yes
2010-09-17 17:34:35 [Message] fib_1618 -> Chat: why isn't the SEC shutting them down?
2010-09-17 17:34:44 [Message] fib_1618 -> Chat: too much of a money maker?
2010-09-17 17:34:55 [Message] thespookyone -> Chat: yep
2010-09-17 17:35:04 [Message] thespookyone -> Chat: printing press
2010-09-17 17:35:04 [Message] fib_1618 -> Chat: what people don't realize is that these issues are not cumulative
2010-09-17 17:35:16 [Message] fib_1618 -> Chat: they start fresh each day
2010-09-17 17:35:23 [Message] fib_1618 -> Chat: it's really sad
2010-09-17 17:35:29 [Message] fib_1618 -> Chat: anyway
2010-09-17 17:35:58 [Message] fib_1618 -> Chat: gold looking really good here
2010-09-17 17:36:31 [Message] fib_1618 -> Chat: looking at charts
2010-09-17 17:37:04 [Message] fib_1618 -> Chat: back to silver
2010-09-17 17:37:13 [Message] fib_1618 -> Chat: check out AGQ - up 20% in a month
2010-09-17 17:37:57 [Message] fib_1618 -> Chat: remember how the PM and XAU breadth lines were saying something about a month ago?
2010-09-17 17:38:20 [Message] fib_1618 -> Chat: OK...that's about all of the charts
2010-09-17 17:38:24 [Message] fib_1618 -> Chat: anything else from anyone?
2010-09-17 17:39:43 [Message] gman -> Chat: I came in late, so I'll look at the transcripts tomorrow. Thanks
2010-09-17 17:39:47 [Message] thespookyone -> Chat: don't really care much for the wave up from 1010 being motive
2010-09-17 17:40:09 [Message] fib_1618 -> Chat: you need to clear you mind young Jedi
2010-09-17 17:40:12 [Message] fib_1618 -> Chat:
2010-09-17 17:40:18 [Message] fib_1618 -> Chat: forget structure
2010-09-17 17:40:23 [Message] fib_1618 -> Chat: watch money flow here
2010-09-17 17:40:28 [Message] thespookyone -> Chat: it's not violated, just saying
2010-09-17 17:40:31 [Message] fib_1618 -> Chat: we'll get the count later
2010-09-17 17:40:35 [Message] fib_1618 -> Chat: I understand
2010-09-17 17:40:42 [Message] fib_1618 -> Chat: but when everyone is playing the same game
2010-09-17 17:40:49 [Message] fib_1618 -> Chat: (as they tend to do with Elliott)
2010-09-17 17:40:58 [Message] fib_1618 -> Chat: and the pattern is highly emotional in and of itself
2010-09-17 17:41:03 [Message] fib_1618 -> Chat: and we're compressed
2010-09-17 17:41:19 [Message] fib_1618 -> Chat: it's not likely that we'll have clarity of structure
2010-09-17 17:41:28 [Message] darris -> Chat: If we can just get some post OPEX selling, we should be good to go by the time FED speak comes on Wed
2010-09-17 17:41:38 [Message] fib_1618 -> Chat: look at the advance from March 09 to April 10
2010-09-17 17:41:45 [Message] fib_1618 -> Chat: agreed Darris
2010-09-17 17:41:56 [Message] fib_1618 -> Chat: the market looks like it wants to hold these gains
2010-09-17 17:42:10 [Message] fib_1618 -> Chat: we just need a little underlying construction to take place
2010-09-17 17:42:13 [Message] fib_1618 -> Chat: back to Elliott
2010-09-17 17:42:25 [Message] fib_1618 -> Chat: a couple of thoughts
2010-09-17 17:42:46 [Message] fib_1618 -> Chat: have you again noticed that the market started this rally after another Bob Prechter warning?
2010-09-17 17:42:56 [Message] fib_1618 -> Chat: and secondly
2010-09-17 17:43:18 [Message] fib_1618 -> Chat: many Elliotticians seem to be working with an emotional response right now
2010-09-17 17:43:21 [Message] thespookyone -> Chat: full ABC needs to be complete at 1010 to not see it again-I know it's possible
2010-09-17 17:43:26 [Message] fib_1618 -> Chat: which you can't do with this methodology
2010-09-17 17:43:40 [Message] fib_1618 -> Chat: it may be from a count standpoint
2010-09-17 17:43:53 [Message] fib_1618 -> Chat: but unless you get the flow of money moving in your direction, it's not likely to happen
2010-09-17 17:44:09 [Message] fib_1618 -> Chat: do I need to remind you.....?
2010-09-17 17:44:26 [Message] fib_1618 -> Chat: keep flexible here
2010-09-17 17:44:35 [Message] fib_1618 -> Chat: and as long as the internals are in bullish configurations
2010-09-17 17:44:48 [Message] fib_1618 -> Chat: I would give a larger weight to any alternate bullish counts here
2010-09-17 17:44:51 [Message] thespookyone -> Chat: I am, but I don't see all the upside proof yet either
2010-09-17 17:45:02 [Message] fib_1618 -> Chat: nor do you see the downside proof
2010-09-17 17:45:08 [Message] thespookyone -> Chat: nope
2010-09-17 17:45:09 [Message] fib_1618 -> Chat: we're indecisive
2010-09-17 17:45:13 [Message] thespookyone -> Chat: yes
2010-09-17 17:45:21 [Message] fib_1618 -> Chat: so let's be indecisive
2010-09-17 17:45:27 [Message] fib_1618 -> Chat: suggestion
2010-09-17 17:45:34 [Message] thespookyone -> Chat: I don't want to jump the gun EITHER way
2010-09-17 17:45:36 [Message] fib_1618 -> Chat: just watch your day to day momentum indicators here
2010-09-17 17:45:40 [Message] fib_1618 -> Chat: good
2010-09-17 17:45:44 [Message] fib_1618 -> Chat: that's the right thing here
2010-09-17 17:45:47 [Message] fib_1618 -> Chat: patience
2010-09-17 17:45:56 [Message] thespookyone -> Chat: I think so
2010-09-17 17:46:10 [Message] fib_1618 -> Chat: but the bulk of evidence right now is that we're going to claw our way higher
2010-09-17 17:46:25 [Message] thespookyone -> Chat: will we rally hard into the elections......
2010-09-17 17:46:33 [Message] fib_1618 -> Chat: I would give anything below 1050 cash a 5% chance now
2010-09-17 17:46:44 [Message] fib_1618 -> Chat: yes...once we pause
2010-09-17 17:47:08 [Message] fib_1618 -> Chat: but I don't believe there's enough in the A/D data to see a 100 SPX point decline anytime soon
2010-09-17 17:47:35 [Message] fib_1618 -> Chat: how about a truncated low?
2010-09-17 17:47:45 [Message] thespookyone -> Chat: may be
2010-09-17 17:47:54 [Message] fib_1618 -> Chat: breadth supports (allows) that
2010-09-17 17:48:01 [Message] thespookyone -> Chat: looks like
2010-09-17 17:48:08 [Message] fib_1618 -> Chat: and that would fool all of the Elliotticians out there
2010-09-17 17:48:29 [Message] fib_1618 -> Chat: just remain fluid in your convictions
2010-09-17 17:48:31 [Message] thespookyone -> Chat: they are mostly clueless already lol
2010-09-17 17:48:46 [Message] darris -> Chat: That is what the price action looked like this week "truncated low" = absorption when profit taking occurred. IMO
2010-09-17 17:49:08 [Message] fib_1618 -> Chat: for me...I allow the market to do its thing and then try to apply a count that compliments it...
2010-09-17 17:49:14 [Message] fib_1618 -> Chat: the more fluid you are...the better
2010-09-17 17:49:19 [Message] thespookyone -> Chat: same here
2010-09-17 17:49:26 [Message] fib_1618 -> Chat: good point Darris
2010-09-17 17:49:26 [Message] thespookyone -> Chat: totally agree
2010-09-17 17:49:36 [Message] fib_1618 -> Chat: OK....anything else?
2010-09-17 17:49:48 [Message] fib_1618 -> Chat: just a side note
2010-09-17 17:49:59 [Message] fib_1618 -> Chat: I may not be able to get the scripts up until tomorrow night at the earliest
2010-09-17 17:50:00 [Message] darris -> Chat: You guys have a great weekend, and thanks for the Friday chat Fib!!!
2010-09-17 17:50:07 [Message] fib_1618 -> Chat: I will try my best to have it in the morning
2010-09-17 17:50:12 [Message] fib_1618 -> Chat: but I have breadth data to work with
2010-09-17 17:50:19 [Message] thespookyone -> Chat: thanks -you too Darris!
2010-09-17 17:50:29 [Message] fib_1618 -> Chat: thanks to all who made it today
2010-09-17 17:50:36 [Message] fib_1618 -> Chat: a tip of the TW hat to you all
2010-09-17 17:50:40 [Message] fib_1618 -> Chat: everyone have a great weekend
2010-09-17 17:50:49 [Message] fib_1618 -> Chat: and we'll hook up again on Tuesday
2010-09-17 17:50:50 [Message] fib_1618 -> Chat: good night

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