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fib_1618

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Posts: 4,532
Reply with quote  #1 
Again...my apologies for the delay in getting this to you...I didn't receive it until 6:00 Eastern on the 17th.

***********************************
2013-09-17 16:00:54 [Message] fib_1618 -> Chat: good day
2013-09-17 16:00:58 [Message] fib_1618 -> Chat: how is everyone?
2013-09-17 16:02:04 [Message] thespookyone -> Chat: Very Well, thx
2013-09-17 16:02:14 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2013-09-17 16:02:56 [Message] thespookyone -> Chat: Did an 80 minute seminar (free for me) with John Bollinger today-Nice guy, smart, works hard
2013-09-17 16:03:29 [Message] fib_1618 -> Chat: Yes...John is a real nice, low key
2013-09-17 16:03:35 [Message] fib_1618 -> Chat: what did you learn?
2013-09-17 16:03:56 [Message] thespookyone -> Chat: he's coming up with a lot of new indicators
2013-09-17 16:04:06 [Message] thespookyone -> Chat: should be great
2013-09-17 16:04:06 [Message] fib_1618 -> Chat: he's been doing that for years [smile]
2013-09-17 16:04:28 [Message] thespookyone -> Chat: yep, knew him in 1991-hasn't changed
2013-09-17 16:04:32 [Message] fib_1618 -> Chat: was this an internet seminar or live?
2013-09-17 16:04:40 [Message] thespookyone -> Chat: internet
2013-09-17 16:04:46 [Message] fib_1618 -> Chat: at his site?
2013-09-17 16:05:03 [Message] thespookyone -> Chat: Tradestation - drew 500 people
2013-09-17 16:05:16 [Message] fib_1618 -> Chat: nice
2013-09-17 16:05:34 [Message] fib_1618 -> Chat: and his indicators...momentum based?
2013-09-17 16:05:55 [Message] thespookyone -> Chat: yes, and he is combining up to three into 1
2013-09-17 16:06:14 [Message] fib_1618 -> Chat: an ultimate Bollinger Band?
2013-09-17 16:06:35 [Message] thespookyone -> Chat: absolutely-looked like it will call turns pretty nice
2013-09-17 16:06:44 [Message] fib_1618 -> Chat: and the name?
2013-09-17 16:06:57 [Message] thespookyone -> Chat: he didn't say yet
2013-09-17 16:07:01 [Message] fib_1618 -> Chat: ha
2013-09-17 16:07:10 [Message] thespookyone -> Chat: I'll tell in here when I hear
2013-09-17 16:07:21 [Message] fib_1618 -> Chat: Bollinger Band 2.0 [smile]
2013-09-17 16:07:34 [Message] thespookyone -> Chat: at least, maybe 5.0
2013-09-17 16:07:42 [Message] fib_1618 -> Chat: probably
2013-09-17 16:07:51 [Message] fib_1618 -> Chat: OK...let's get DP up and get started
2013-09-17 16:07:58 [Message] thespookyone -> Chat: very modest, considering his skill
2013-09-17 16:08:22 [Message] fib_1618 -> Chat: he's a mathematician
2013-09-17 16:08:27 [Message] fib_1618 -> Chat: they usually are
2013-09-17 16:08:48 [Message] thespookyone -> Chat: interestingly, he only trades equities
2013-09-17 16:08:48 [Message] fib_1618 -> Chat: after taking a pause on Friday
2013-09-17 16:08:59 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO was able to move to higher highs today
2013-09-17 16:09:12 [Message] fib_1618 -> Chat: and as we discussed on Thursday
2013-09-17 16:09:29 [Message] fib_1618 -> Chat: this is now enough of a "throttle up" to close the MCSUM gap resistance area and solidify the recent lows as a tradable bottom
2013-09-17 16:10:22 [Message] fib_1618 -> Chat: we also note that today's push higher was enough to move up and through the important +250 level on the NYSE CO breadth MCSUM
2013-09-17 16:10:52 [Message] fib_1618 -> Chat: so the next minor expectation will be for a challenge of the +500 level
2013-09-17 16:11:30 [Message] fib_1618 -> Chat: with the major expectation now is to challenge the declining tops line controlling the pattern from the May and July period
2013-09-17 16:12:45 [Message] fib_1618 -> Chat: but for the bulls
2013-09-17 16:13:04 [Message] fib_1618 -> Chat: this is another important step in the development of an advancing trend
2013-09-17 16:13:15 [Message] fib_1618 -> Chat: and we can now expect prices to continue higher for another week or so
2013-09-17 16:13:37 [Message] fib_1618 -> Chat: it's also important to understand
2013-09-17 16:13:55 [Message] fib_1618 -> Chat: that if, by some chance, the CO breadth MCO can even move to higher highs with this sequence
2013-09-17 16:14:05 [Message] fib_1618 -> Chat: not only will we break above the declining tops line in the CO NYSE breadth MCSUM
2013-09-17 16:14:21 [Message] fib_1618 -> Chat: but this would also clear the way to see new all time highs in the NYA itself
2013-09-17 16:14:22 [Message] fib_1618 -> Chat: for now
2013-09-17 16:14:33 [Message] fib_1618 -> Chat: we're cleared now for a challenge of those highs
2013-09-17 16:14:49 [Message] fib_1618 -> Chat: at 10,312
2013-09-17 16:15:16 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2013-09-17 16:15:23 [Message] fib_1618 -> Chat: and we see here that we also moved to higher highs today
2013-09-17 16:15:51 [Message] fib_1618 -> Chat: and as we talked about last week
2013-09-17 16:16:29 [Message] fib_1618 -> Chat: this would need to happen in order for the NYSE Composite breadth MCSUM to move above both its zero line and its gap resistance area
2013-09-17 16:16:49 [Message] fib_1618 -> Chat: so this now opens the door for this MCSUM to continue its journey to the +250 level
2013-09-17 16:17:14 [Message] fib_1618 -> Chat: oh...
2013-09-17 16:17:26 [Message] fib_1618 -> Chat: and we closed today right at the declining tops line on the NYSE breadth MCSUM chart
2013-09-17 16:17:32 [Message] fib_1618 -> Chat: so with this higher high in the MCO
2013-09-17 16:17:45 [Message] fib_1618 -> Chat: we should have no problems moving above this line of resistance on Wednesday
2013-09-17 16:17:49 [Message] fib_1618 -> Chat: and as we very well know
2013-09-17 16:18:07 [Message] fib_1618 -> Chat: whenever we get technical breakouts or breakdowns on the MCSUM
2013-09-17 16:18:24 [Message] fib_1618 -> Chat: whether they be horizontal or based on a trendline
2013-09-17 16:18:46 [Message] fib_1618 -> Chat: prices will usually respond with a "statement day"
2013-09-17 16:18:50 [Message] fib_1618 -> Chat: in this case
2013-09-17 16:19:04 [Message] fib_1618 -> Chat: letting everyone know who has the power...in this case, the bulls
2013-09-17 16:19:21 [Message] fib_1618 -> Chat: looking at the price chart of the NYA
2013-09-17 16:19:36 [Message] fib_1618 -> Chat: and we see that we gaped above overhead resistance
2013-09-17 16:19:47 [Message] fib_1618 -> Chat: and we finished off a nice digestion day today
2013-09-17 16:19:53 [Message] fib_1618 -> Chat: while closing near the highs of the day
2013-09-17 16:20:18 [Message] fib_1618 -> Chat: this is usually an excellent sign that we're in store for some more up as soon as tomorrow
2013-09-17 16:20:33 [Message] fib_1618 -> Chat: also keep in mind
2013-09-17 16:20:49 [Message] fib_1618 -> Chat: that the upside target for the NYA given back in November of last year is around 9800
2013-09-17 16:20:58 [Message] fib_1618 -> Chat: and that should be easily met near term
2013-09-17 16:21:06 [Message] fib_1618 -> Chat: and now
2013-09-17 16:21:15 [Message] fib_1618 -> Chat: we have indications that we're going beyond that
2013-09-17 16:21:22 [Message] fib_1618 -> Chat: to at least a challenge of the all time highs on the NYA
2013-09-17 16:21:47 [Message] fib_1618 -> Chat: after having a false start on Monday
2013-09-17 16:22:00 [Message] fib_1618 -> Chat: the NASDAQ Composite had an inside range day today
2013-09-17 16:22:06 [Message] fib_1618 -> Chat: and with yesterday being a down close
2013-09-17 16:22:11 [Message] fib_1618 -> Chat: we should have an up close on Wednesday
2013-09-17 16:22:18 [Message] fib_1618 -> Chat: looking at the NASDAQ breadth MCO
2013-09-17 16:22:28 [Message] fib_1618 -> Chat: and we see that it hasn't as yet moved to higher highs
2013-09-17 16:22:47 [Message] fib_1618 -> Chat: but looking at the close up chart
2013-09-17 16:23:00 [Message] fib_1618 -> Chat: we see that have now partially filled our MCSUM gap resistance zone
2013-09-17 16:23:20 [Message] fib_1618 -> Chat: so don't be too surprised that once this area of void is completely filled
2013-09-17 16:23:27 [Message] fib_1618 -> Chat: that we also get higher highs in this MCO
2013-09-17 16:23:48 [Message] fib_1618 -> Chat: in fact
2013-09-17 16:24:03 [Message] fib_1618 -> Chat: the NASDAQ price pattern has a feel to it that it's about to "run away"
2013-09-17 16:24:25 [Message] fib_1618 -> Chat: starting recently from the June lows
2013-09-17 16:24:35 [Message] fib_1618 -> Chat: as it raced to new highs
2013-09-17 16:24:48 [Message] fib_1618 -> Chat: and then provided a very shallow correction
2013-09-17 16:24:55 [Message] fib_1618 -> Chat: another burst higher
2013-09-17 16:25:00 [Message] fib_1618 -> Chat: another shallow correction
2013-09-17 16:25:13 [Message] fib_1618 -> Chat: and if it probably wasn't for Monday being news driven day in the market
2013-09-17 16:25:20 [Message] fib_1618 -> Chat: the higher highs would had probably held
2013-09-17 16:25:24 [Message] fib_1618 -> Chat: regardless
2013-09-17 16:25:42 [Message] fib_1618 -> Chat: the chart has a certain feel to it that
2013-09-17 16:25:51 [Message] fib_1618 -> Chat: like we've seen this before
2013-09-17 16:25:55 [Message] fib_1618 -> Chat: like in 1999
2013-09-17 16:26:20 [Message] thespookyone -> Chat: have been thinking the same..
2013-09-17 16:26:24 [Message] fib_1618 -> Chat: the NDX also had an inside range day
2013-09-17 16:26:33 [Message] fib_1618 -> Chat: and notice where the NDX breadth MCSUM is right now
2013-09-17 16:26:40 [Message] fib_1618 -> Chat: with a +727
2013-09-17 16:26:52 [Message] fib_1618 -> Chat: as we talked about a couple of weeks ago
2013-09-17 16:27:09 [Message] fib_1618 -> Chat: this still seems the one index where one would get the biggest bang for their bullish buck right now
2013-09-17 16:27:21 [Message] fib_1618 -> Chat: and there's no doubt on who's leading us higher here
2013-09-17 16:27:33 [Message] fib_1618 -> Chat: so while everyone keeps looking at one stock
2013-09-17 16:27:52 [Message] fib_1618 -> Chat: the other 99 are indicating something special going on here
2013-09-17 16:28:14 [Message] fib_1618 -> Chat: boy...higher highs here on this MCO
2013-09-17 16:28:18 [Message] fib_1618 -> Chat: would be...wow
2013-09-17 16:28:27 [Message] fib_1618 -> Chat: I don't even know if I can explain what may happen here
2013-09-17 16:28:42 [Message] fib_1618 -> Chat: but suffice it to say
2013-09-17 16:28:49 [Message] fib_1618 -> Chat: it would have major bullish implications
2013-09-17 16:29:13 [Message] fib_1618 -> Chat: and would, for our purposes here, would be more than enough to reach our upside targets in this and the COMPQ
2013-09-17 16:29:26 [Message] fib_1618 -> Chat: oh man!
2013-09-17 16:29:32 [Message] fib_1618 -> Chat: new highs on the SPX breadth MCO!
2013-09-17 16:29:41 [Message] fib_1618 -> Chat: long and strong folks
2013-09-17 16:29:55 [Message] fib_1618 -> Chat: this market is about to throttle up...literally
2013-09-17 16:30:08 [Message] fib_1618 -> Chat: is that new closing price highs today on the SPX?
2013-09-17 16:30:10 [Message] fib_1618 -> Chat: let me check
2013-09-17 16:30:40 [Message] fib_1618 -> Chat: just short
2013-09-17 16:30:50 [Message] fib_1618 -> Chat: but we will now see new closing highs as soon as Wednesday
2013-09-17 16:31:14 [Message] fib_1618 -> Chat: the most exciting news here is that
2013-09-17 16:31:23 [Message] fib_1618 -> Chat: all of the volume lines are at new all time highs
2013-09-17 16:31:33 [Message] fib_1618 -> Chat: so it would appear that we have a lot of institutional funds moving in now
2013-09-17 16:31:47 [Message] fib_1618 -> Chat: all that money that has been on the sidelines
2013-09-17 16:31:52 [Message] fib_1618 -> Chat: now looks to be moving in
2013-09-17 16:32:00 [Message] fib_1618 -> Chat: and with too much demand
2013-09-17 16:32:06 [Message] fib_1618 -> Chat: and not enough supply...
2013-09-17 16:32:08 [Message] fib_1618 -> Chat: you do the math [smile]
2013-09-17 16:32:41 [Message] fib_1618 -> Chat: with this higher high in the SPX breadth MCO
2013-09-17 16:32:54 [Message] fib_1618 -> Chat: we are now cleared to move above the +500 level on the SPX breadth MCSUM
2013-09-17 16:33:27 [Message] fib_1618 -> Chat: with a challenge of the declining tops line, at around +800, the primary target for now
2013-09-17 16:33:53 [Message] fib_1618 -> Chat: as we continue to move through the charts tonight
2013-09-17 16:34:07 [Message] fib_1618 -> Chat: pay special attention to the individual postings on all the MCSUM's
2013-09-17 16:34:17 [Message] fib_1618 -> Chat: the wider the separation
2013-09-17 16:34:21 [Message] fib_1618 -> Chat: the more the money moving in
2013-09-17 16:34:27 [Message] fib_1618 -> Chat: the more conviction there is
2013-09-17 16:34:35 [Message] fib_1618 -> Chat: the more money to be made on the upside
2013-09-17 16:34:44 [Message] fib_1618 -> Chat: don't make it any more complicated than that
2013-09-17 16:34:54 [Message] fib_1618 -> Chat: nothing else really matters here
2013-09-17 16:35:16 [Message] fib_1618 -> Chat: aside from not being in a position to increase your capital with this same flow of funds
2013-09-17 16:35:44 [Message] fib_1618 -> Chat: the OEX breadth MCO is again challenging the 52 week highs made last week
2013-09-17 16:36:05 [Message] fib_1618 -> Chat: which is something that is quite difficult to do when we get above the +80 level on the MCO
2013-09-17 16:36:17 [Message] fib_1618 -> Chat: today we closed with a +107
2013-09-17 16:37:01 [Message] fib_1618 -> Chat: the declining tops line here on the OEX breadth MCSUM is around +750
2013-09-17 16:37:20 [Message] fib_1618 -> Chat: I guess we were too conservative last Thursday on the timing of all this, huh?
2013-09-17 16:38:59 [Message] fib_1618 -> Chat: was checking the numbers again
2013-09-17 16:39:11 [Message] fib_1618 -> Chat: and note that we have already moved above the 2007 price highs here in the OEX
2013-09-17 16:39:16 [Message] fib_1618 -> Chat: in fact
2013-09-17 16:39:20 [Message] fib_1618 -> Chat: if you look at the chart
2013-09-17 16:39:43 [Message] fib_1618 -> Chat: you will note that on the last pause the price average moved to around...what?
2013-09-17 16:39:45 [Message] fib_1618 -> Chat: anyone?
2013-09-17 16:40:02 [Message] fib_1618 -> Chat: looks like around 727?
2013-09-17 16:40:09 [Message] fib_1618 -> Chat: what was the old highs of 2007?
2013-09-17 16:40:14 [Message] fib_1618 -> Chat: that's right...727
2013-09-17 16:40:22 [Message] fib_1618 -> Chat: so a perfect snapback to the old highs
2013-09-17 16:40:28 [Message] thespookyone -> Chat: wow
2013-09-17 16:40:36 [Message] fib_1618 -> Chat: and now we're on our way to join everyone else at new all time highs
2013-09-17 16:41:13 [Message] fib_1618 -> Chat: the high was actually 729.79 on a closing basis
2013-09-17 16:41:46 [Message] fib_1618 -> Chat: the LOW was 728.63
2013-09-17 16:41:47 [Message] thespookyone -> Chat: everyone seems to be hunting for a top-while in a simple TA sense, it looks like a high level consolidation ready to explode North
2013-09-17 16:41:49 [Message] fib_1618 -> Chat: well, how do you like that?
2013-09-17 16:42:07 [Message] fib_1618 -> Chat: too funny
2013-09-17 16:42:10 [Message] fib_1618 -> Chat: let's clarify this
2013-09-17 16:42:20 [Message] fib_1618 -> Chat: the old high on a closing basis was 729.79 in 2007
2013-09-17 16:42:38 [Message] fib_1618 -> Chat: the closing low from last month was 729.71
2013-09-17 16:42:45 [Message] fib_1618 -> Chat: unbelievable
2013-09-17 16:42:55 [Message] fib_1618 -> Chat: you got to love this
2013-09-17 16:43:06 [Message] fib_1618 -> Chat: talk about precision
2013-09-17 16:43:15 [Message] fib_1618 -> Chat: back to the all time highs...let me check
2013-09-17 16:43:44 [Message] fib_1618 -> Chat: 832.65
2013-09-17 16:43:47 [Message] fib_1618 -> Chat: closing basis
2013-09-17 16:43:55 [Message] fib_1618 -> Chat: gonna to write that down
2013-09-17 16:44:28 [Message] fib_1618 -> Chat: so about 72 points away
2013-09-17 16:44:43 [Message] fib_1618 -> Chat: that would be about....oh...700 Dow points
2013-09-17 16:44:54 [Message] fib_1618 -> Chat: anyway
2013-09-17 16:45:03 [Message] fib_1618 -> Chat: this is our goal now for the end of 2013
2013-09-17 16:45:33 [Message] fib_1618 -> Chat: the Dow breadth MCSUM moved back above its zero line today
2013-09-17 16:46:12 [Message] fib_1618 -> Chat: on our way to challenging both the +250 level and what was previous horizontal support seen on the chart
2013-09-17 16:46:17 [Message] fib_1618 -> Chat: so we should get there now
2013-09-17 16:46:25 [Message] fib_1618 -> Chat: but whether we break above it still remains to be seen
2013-09-17 16:46:25 [Message] thespookyone -> Chat: why 700 DOW points?
2013-09-17 16:46:41 [Message] fib_1618 -> Chat: the correlation between the Dow and the OEX is about 10:1 these day
2013-09-17 16:46:50 [Message] thespookyone -> Chat: thx
2013-09-17 16:46:55 [Message] fib_1618 -> Chat: for example
2013-09-17 16:47:00 [Message] fib_1618 -> Chat: the Dow closed up 34 today
2013-09-17 16:47:03 [Message] fib_1618 -> Chat: the OEX was 3.25
2013-09-17 16:47:11 [Message] fib_1618 -> Chat: it's been running this way for about a year now
2013-09-17 16:47:11 [Message] thespookyone -> Chat: ah
2013-09-17 16:47:20 [Message] thespookyone -> Chat: good info, thx
2013-09-17 16:47:38 [Message] fib_1618 -> Chat: we also have a small point change on the Dow breadth MCO tonight
2013-09-17 16:47:49 [Message] fib_1618 -> Chat: so the pattern is compressed a bit
2013-09-17 16:47:57 [Message] fib_1618 -> Chat: overall though
2013-09-17 16:48:24 [Message] fib_1618 -> Chat: it would appear that today was a "set up" day for the eventual break out to new highs that should happen in the next two days
2013-09-17 16:49:07 [Message] fib_1618 -> Chat: OK...we also got higher highs in the MID breadth MCO
2013-09-17 16:49:14 [Message] fib_1618 -> Chat: so as we discussed last week
2013-09-17 16:49:29 [Message] fib_1618 -> Chat: that's all that would be needed to see prices break above the previous highs
2013-09-17 16:49:49 [Message] fib_1618 -> Chat: so it would seem that all ships are starting to feel the effects of fresh money coming in
2013-09-17 16:49:52 [Message] fib_1618 -> Chat: in theory...
2013-09-17 16:49:56 [Message] fib_1618 -> Chat: that being of QE3
2013-09-17 16:50:36 [Message] fib_1618 -> Chat: but we do note that the bulls still have a bit more work to do to close their MCSUM gap resistance area
2013-09-17 16:50:48 [Message] fib_1618 -> Chat: but if the volume side is looking anything like what we're seeing here
2013-09-17 16:51:08 [Message] fib_1618 -> Chat: it would be just a matter of time before everything starts to rock and roll
2013-09-17 16:51:40 [Message] fib_1618 -> Chat: new all time closing highs today on the SML
2013-09-17 16:51:52 [Message] fib_1618 -> Chat: and also on the RUT
2013-09-17 16:52:05 [Message] fib_1618 -> Chat: so everyone seems to be participating here
2013-09-17 16:52:21 [Message] fib_1618 -> Chat: but what would lock in the new highs
2013-09-17 16:52:34 [Message] fib_1618 -> Chat: is that we'll need to see the SML breadth MCO move to higher highs as well
2013-09-17 16:52:41 [Message] fib_1618 -> Chat: and that looks doable near term
2013-09-17 16:53:40 [Message] fib_1618 -> Chat: the Wilshire 5000 missed closing at new all time highs today by 12 points
2013-09-17 16:53:52 [Message] fib_1618 -> Chat: but with the TM breadth MCO moving to higher highs
2013-09-17 16:54:03 [Message] fib_1618 -> Chat: we should see this take place in the next couple of days
2013-09-17 16:54:04 [Message] fib_1618 -> Chat: so...
2013-09-17 16:54:16 [Message] fib_1618 -> Chat: buckle your seat belts folks
2013-09-17 16:54:30 [Message] fib_1618 -> Chat: as it appears that we're about to throttle up here
2013-09-17 16:55:06 [Message] fib_1618 -> Chat: as the whole market seems to be synching up, both internally and externally, for a re-initiation of the rally from the November lows
2013-09-17 16:55:33 [Message] fib_1618 -> Chat: today's higher highs in the MCO's suggests that we're likely to keep positive through the rest of September
2013-09-17 16:55:40 [Message] fib_1618 -> Chat: and for the first half of October
2013-09-17 16:56:02 [Message] fib_1618 -> Chat: maybe into OPEX? we can't say for sure yet
2013-09-17 16:56:10 [Message] fib_1618 -> Chat: but if we get our higher highs across the board
2013-09-17 16:56:16 [Message] fib_1618 -> Chat: and volume is confirming
2013-09-17 16:56:28 [Message] fib_1618 -> Chat: then the entire month of October is likely to be a good one
2013-09-17 16:56:38 [Message] fib_1618 -> Chat: and that should be enough to extend this into the end of this year
2013-09-17 16:56:52 [Message] fib_1618 -> Chat: with a probably January surprise
2013-09-17 16:57:02 [Message] fib_1618 -> Chat: but let's not get too far ahead of ourselves
2013-09-17 16:57:12 [Message] thespookyone -> Chat: I've been watching some individual charts that look like they have a lot of room...
2013-09-17 16:57:17 [Message] fib_1618 -> Chat: as we still have to get the breadth MCO's in agreement
2013-09-17 16:57:26 [Message] fib_1618 -> Chat: and we still have to get above the declining tops lines on the MCSUM's
2013-09-17 16:57:39 [Message] fib_1618 -> Chat: the sentiment here remains...
2013-09-17 16:57:45 [Message] fib_1618 -> Chat: what's the word
2013-09-17 16:57:51 [Message] fib_1618 -> Chat: nervous?
2013-09-17 16:57:59 [Message] fib_1618 -> Chat: there's no excitement here
2013-09-17 16:58:21 [Message] fib_1618 -> Chat: it seems that most are looking at this as a short term blip
2013-09-17 16:58:39 [Message] fib_1618 -> Chat: that we're even seeing posters continue to say that we're in a down trend
2013-09-17 16:58:47 [Message] fib_1618 -> Chat: of which I can't understand
2013-09-17 16:59:04 [Message] fib_1618 -> Chat: especially after today
2013-09-17 16:59:11 [Message] fib_1618 -> Chat: anyway...
2013-09-17 16:59:18 [Message] fib_1618 -> Chat: let's see how the volume McClellan's are doing
2013-09-17 16:59:56 [Message] fib_1618 -> Chat: both the NYSE CO and Composite volume MCO's are challenging their recent highs
2013-09-17 17:00:04 [Message] fib_1618 -> Chat: but haven't moved to higher highs...yet
2013-09-17 17:00:55 [Message] fib_1618 -> Chat: remember that we usually see these kinds of violations in the volume MCO's when prices actually move through their own areas of resistance or support
2013-09-17 17:01:16 [Message] fib_1618 -> Chat: so we would have confirmation of any further rally in prices if we see the volume MCO's move to new highs
2013-09-17 17:01:32 [Message] fib_1618 -> Chat: with any price breakout being suspect if we didn't see new MCO highs
2013-09-17 17:02:12 [Message] fib_1618 -> Chat: the NASDAQ volume MCO continues to sneak higher
2013-09-17 17:02:37 [Message] fib_1618 -> Chat: we'll have to see if we get better trend strength here on an impending upside breakout here
2013-09-17 17:02:57 [Message] fib_1618 -> Chat: the NDX volume MCSUM has now cleared the highs of August
2013-09-17 17:03:23 [Message] fib_1618 -> Chat: so we have good confirmation there of ever increasing participation in the index itself
2013-09-17 17:03:25 [Message] fib_1618 -> Chat: plus
2013-09-17 17:03:50 [Message] fib_1618 -> Chat: the heavy weights are getting a larger portion of any monies moving into this exchange at this time
2013-09-17 17:04:10 [Message] fib_1618 -> Chat: nothing wrong with the SPX volume MCO
2013-09-17 17:04:19 [Message] fib_1618 -> Chat: as it's challenging last weeks highs
2013-09-17 17:05:00 [Message] fib_1618 -> Chat: eyeballing the SPX chart
2013-09-17 17:05:09 [Message] fib_1618 -> Chat: and there's a good chance of seeing 1825 now
2013-09-17 17:05:32 [Message] fib_1618 -> Chat: as an aside
2013-09-17 17:05:53 [Message] fib_1618 -> Chat: it's also good to remember the backbone rule that goes with Elliott third waves
2013-09-17 17:06:08 [Message] fib_1618 -> Chat: where we see the greatest expansion in both breadth and volume
2013-09-17 17:06:18 [Message] fib_1618 -> Chat: and volume is leading here
2013-09-17 17:06:28 [Message] fib_1618 -> Chat: amazing!
2013-09-17 17:06:39 [Message] fib_1618 -> Chat: there you have it!
2013-09-17 17:06:49 [Message] fib_1618 -> Chat: higher highs now in the OEX volume MCO!
2013-09-17 17:07:05 [Message] fib_1618 -> Chat: new 52 week highs as well
2013-09-17 17:07:27 [Message] fib_1618 -> Chat: the OEX volume MCSUM also continues to look like the equivalent of a "no brainer" here
2013-09-17 17:07:56 [Message] fib_1618 -> Chat: as the cream of the stock pool continues to see large sums of money moving in the NDX and OEX
2013-09-17 17:08:48 [Message] fib_1618 -> Chat: a textbook move in the Dow volume MCO as it moved to new highs while pushing the MCSUM back above its zero line
2013-09-17 17:08:59 [Message] fib_1618 -> Chat: leaving no doubt now on whose in charge
2013-09-17 17:09:17 [Message] fib_1618 -> Chat: remember the strength we saw over the last week or so in the XLI?
2013-09-17 17:09:30 [Message] fib_1618 -> Chat: here's what it looks like when it hits the shores of the Dow indices
2013-09-17 17:10:20 [Message] fib_1618 -> Chat: and we're still looking for a little bit more attention in the MID, SML and TM volume data
2013-09-17 17:10:38 [Message] fib_1618 -> Chat: with the biggest potential in playing internal catch up coming with the MID
2013-09-17 17:10:46 [Message] fib_1618 -> Chat: so all in all
2013-09-17 17:11:01 [Message] fib_1618 -> Chat: as we talked about during the 1st week of September
2013-09-17 17:11:07 [Message] fib_1618 -> Chat: the bears have not only run out of time
2013-09-17 17:11:12 [Message] fib_1618 -> Chat: but they have now run out of options
2013-09-17 17:11:30 [Message] fib_1618 -> Chat: and the trend is now back to being higher until PROVEN otherwise
2013-09-17 17:12:21 [Message] fib_1618 -> Chat: now...moving to the volume oscillators
2013-09-17 17:12:54 [Message] fib_1618 -> Chat: and we see that we are back to climactic levels on the CVI's
2013-09-17 17:13:15 [Message] fib_1618 -> Chat: while both the STVO's and the VTO's are pretty much "overbought" now
2013-09-17 17:13:27 [Message] fib_1618 -> Chat: so what's likely to happen given the McClellan data here
2013-09-17 17:13:36 [Message] fib_1618 -> Chat: is for another burst to the upside to fulfill the breakout
2013-09-17 17:13:50 [Message] fib_1618 -> Chat: and then we'll probably then chop around going into OPEX
2013-09-17 17:14:04 [Message] fib_1618 -> Chat: while at the same time
2013-09-17 17:14:15 [Message] fib_1618 -> Chat: see prices snapback to their respective breakout areas
2013-09-17 17:14:22 [Message] fib_1618 -> Chat: and then off we go again
2013-09-17 17:14:37 [Message] fib_1618 -> Chat: let's see how the TRIN's look...if they agree or not
2013-09-17 17:14:50 [Message] fib_1618 -> Chat: NYSE TRIN at .77
2013-09-17 17:15:00 [Message] fib_1618 -> Chat: Open 10 at .80
2013-09-17 17:15:04 [Message] fib_1618 -> Chat: "overbought"
2013-09-17 17:15:19 [Message] fib_1618 -> Chat: NASDAQ TRIN at .61
2013-09-17 17:15:42 [Message] fib_1618 -> Chat: Open 10 at .78
2013-09-17 17:15:46 [Message] fib_1618 -> Chat: "overbought"
2013-09-17 17:15:58 [Message] fib_1618 -> Chat: TM TRIN at .63
2013-09-17 17:16:11 [Message] fib_1618 -> Chat: Open 10 at .79
2013-09-17 17:16:17 [Message] fib_1618 -> Chat: again..."overbought"
2013-09-17 17:16:26 [Message] fib_1618 -> Chat: and the Open 10's are in sync here
2013-09-17 17:16:43 [Message] fib_1618 -> Chat: which is indicative of a general market trend
2013-09-17 17:16:50 [Message] fib_1618 -> Chat: you've noticed before
2013-09-17 17:17:04 [Message] fib_1618 -> Chat: when we get the Open 10's moving in different direction
2013-09-17 17:17:13 [Message] fib_1618 -> Chat: that the overall market tends to be quite choppy
2013-09-17 17:17:20 [Message] fib_1618 -> Chat: that is not the case right now
2013-09-17 17:17:34 [Message] fib_1618 -> Chat: and this could "allow" an extended run
2013-09-17 17:17:59 [Message] fib_1618 -> Chat: as long as all the cylinders continue to run smoothly
2013-09-17 17:18:03 [Message] fib_1618 -> Chat: so...
2013-09-17 17:18:17 [Message] fib_1618 -> Chat: it would seem that the bulls have now taken back control of the market
2013-09-17 17:18:29 [Message] fib_1618 -> Chat: and that we're about to see general breakouts to the upside that might very well be accompanied by high volume
2013-09-17 17:18:48 [Message] fib_1618 -> Chat: if not lopsided plurality
2013-09-17 17:18:57 [Message] fib_1618 -> Chat: on a trending basis
2013-09-17 17:19:07 [Message] fib_1618 -> Chat: we're frothy right now
2013-09-17 17:19:23 [Message] fib_1618 -> Chat: and probably in need of a couple days of back and fill
2013-09-17 17:19:38 [Message] fib_1618 -> Chat: but what we can feel pretty certain about for now
2013-09-17 17:19:54 [Message] fib_1618 -> Chat: is that the August lows are just another bottom behind us
2013-09-17 17:20:13 [Message] fib_1618 -> Chat: and that we're on our way to continue to at least stair stepping higher
2013-09-17 17:20:32 [Message] fib_1618 -> Chat: if not showing a high amount of amplitude to the upside
2013-09-17 17:20:39 [Message] fib_1618 -> Chat: let me check the BETS number
2013-09-17 17:21:29 [Message] fib_1618 -> Chat: new highs on the NAAD line today
2013-09-17 17:22:00 [Message] fib_1618 -> Chat: NYAD is back to a Bullish Configuration
2013-09-17 17:22:07 [Message] fib_1618 -> Chat: and looks like it's about to move to new highs now
2013-09-17 17:22:13 [Message] fib_1618 -> Chat: nice angle of ascent there
2013-09-17 17:22:17 [Message] fib_1618 -> Chat: oh...and by the way
2013-09-17 17:22:25 [Message] fib_1618 -> Chat: we did move to higher highs on the last high on the NYAD line
2013-09-17 17:22:55 [Message] fib_1618 -> Chat: why a large number of people decided that the StockCharts data was the proxy without checking other sources on this is beyond me
2013-09-17 17:23:20 [Message] fib_1618 -> Chat: +50 on the BETS
2013-09-17 17:23:35 [Message] fib_1618 -> Chat: we need a +65 for an all out Buy signal
2013-09-17 17:24:05 [Message] fib_1618 -> Chat: but we're now high enough to continue to accumulate with our angle of a bullish bias now
2013-09-17 17:24:13 [Message] fib_1618 -> Chat: so stops can be looser
2013-09-17 17:24:44 [Message] fib_1618 -> Chat: new all time highs in the NYUD and NAUD lines
2013-09-17 17:25:20 [Message] fib_1618 -> Chat: so volume plurality here is VERY strong
2013-09-17 17:25:37 [Message] fib_1618 -> Chat: almost to a point of "buying with both hands"
2013-09-17 17:25:56 [Message] fib_1618 -> Chat: we'll look over the sectors on Wednesday
2013-09-17 17:25:59 [Message] fib_1618 -> Chat: anything else?
2013-09-17 17:27:40 [Message] fib_1618 -> Chat: I don't know about you folks...but I'm finding this all very exciting on its potential
2013-09-17 17:28:19 [Message] fib_1618 -> Chat: we just remember to remain disciplined
2013-09-17 17:28:33 [Message] fib_1618 -> Chat: let the market keep confirming our blueprint
2013-09-17 17:28:40 [Message] fib_1618 -> Chat: while at the same time
2013-09-17 17:28:55 [Message] fib_1618 -> Chat: it's very important to look for things that go against this same plan of attack
2013-09-17 17:29:09 [Message] fib_1618 -> Chat: no sense in getting cocky...
2013-09-17 17:29:26 [Message] fib_1618 -> Chat: OK...if there's nothing else
2013-09-17 17:29:30 [Message] fib_1618 -> Chat: I'm going to call it a day
2013-09-17 17:29:43 [Message] fib_1618 -> Chat: remember that we have another chat tomorrow, Wednesday
2013-09-17 17:29:56 [Message] fib_1618 -> Chat: as well as our usual get together on Thursday
2013-09-17 17:30:04 [Message] fib_1618 -> Chat: so until then
2013-09-17 17:30:16 [Message] fib_1618 -> Chat: everyone have a great rest of your day
2013-09-17 17:30:26 [Message] fib_1618 -> Chat: and we'll see how things shake out in about 22 hours
2013-09-17 17:30:28 [Message] fib_1618 -> Chat: good night

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"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

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