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fib_1618

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Reply with quote  #1 
2013-09-18 16:00:30 [Message] fib_1618 -> Chat: good day
2013-09-18 16:00:34 [Message] fib_1618 -> Chat: how is everyone?
2013-09-18 16:00:52 [Message] thespookyone -> Chat: Excellent, thx!
2013-09-18 16:01:01 [Message] fib_1618 -> Chat: ummmm...any questions? [wink]
2013-09-18 16:01:13 [Message] thespookyone -> Chat: yes, a silly one
2013-09-18 16:01:24 [Message] fib_1618 -> Chat: fire away
2013-09-18 16:01:42 [Message] thespookyone -> Chat: is there any chance on Earth we do an irregular flat here, like on SPX?
2013-09-18 16:03:06 [Message] fib_1618 -> Chat: what is your seasoned opinion?
2013-09-18 16:03:14 [Message] fib_1618 -> Chat: knowing what you know
2013-09-18 16:03:32 [Message] thespookyone -> Chat: No, but that 1st wave off the top bothers me
2013-09-18 16:03:47 [Message] fib_1618 -> Chat: you mean the 5 down?
2013-09-18 16:03:48 [Message] thespookyone -> Chat: yes
2013-09-18 16:03:53 [Message] fib_1618 -> Chat: you mean the 5 down corrective wave?
2013-09-18 16:03:58 [Message] fib_1618 -> Chat: [smile]
2013-09-18 16:04:04 [Message] fib_1618 -> Chat: do this...forget Elliott
2013-09-18 16:04:14 [Message] fib_1618 -> Chat: what is price and the internals telling you?
2013-09-18 16:04:29 [Message] thespookyone -> Chat: strong, no
2013-09-18 16:04:43 [Message] fib_1618 -> Chat: are we seeing new highs in the SPX breadth MCO?
2013-09-18 16:04:53 [Message] fib_1618 -> Chat: are we seeing new highs in the SPX volume MCO?
2013-09-18 16:04:59 [Message] thespookyone -> Chat: yep
2013-09-18 16:05:16 [Message] fib_1618 -> Chat: so back to the backbone of what Elliott stands on
2013-09-18 16:05:34 [Message] fib_1618 -> Chat: when is the time when we see new extremes in both breadth and volume occur?
2013-09-18 16:05:50 [Message] fib_1618 -> Chat: is ia B Wave?
2013-09-18 16:06:06 [Message] thespookyone -> Chat: nope, 3rd wave
2013-09-18 16:06:19 [Message] fib_1618 -> Chat: any other questions out there before we get started?? [smile]
2013-09-18 16:06:27 [Message] thespookyone -> Chat: nope thx
2013-09-18 16:06:49 [Message] fib_1618 -> Chat: for several weeks now we have seen this build and build
2013-09-18 16:07:08 [Message] fib_1618 -> Chat: and you just knew that all this buzzword talk on "tapering" was the hook
2013-09-18 16:07:23 [Message] fib_1618 -> Chat: it kept hope alive for the bears
2013-09-18 16:07:27 [Message] fib_1618 -> Chat: since everything else failed
2013-09-18 16:07:32 [Message] fib_1618 -> Chat: earthquakes
2013-09-18 16:07:37 [Message] fib_1618 -> Chat: tsunami's
2013-09-18 16:07:43 [Message] fib_1618 -> Chat: Greece
2013-09-18 16:07:45 [Message] fib_1618 -> Chat: PIGS
2013-09-18 16:07:57 [Message] fib_1618 -> Chat: and on and on and on
2013-09-18 16:08:02 [Message] fib_1618 -> Chat: more than likely
2013-09-18 16:08:08 [Message] fib_1618 -> Chat: this is Don's POR
2013-09-18 16:08:16 [Message] thespookyone -> Chat: agreed
2013-09-18 16:08:27 [Message] fib_1618 -> Chat: POR = point of recognition
2013-09-18 16:08:36 [Message] fib_1618 -> Chat: when everything else has failed
2013-09-18 16:08:52 [Message] fib_1618 -> Chat: the market "recognizes" the prevailing trend
2013-09-18 16:09:07 [Message] fib_1618 -> Chat: now...I haven't looked at the data as yet
2013-09-18 16:09:35 [Message] fib_1618 -> Chat: but having 6:1 positive breadth on the NYSE with the MCO's already "overbought" is monster bullish event
2013-09-18 16:09:47 [Message] fib_1618 -> Chat: never seen before
2013-09-18 16:10:03 [Message] fib_1618 -> Chat: and the interesting thing here is...
2013-09-18 16:10:08 [Message] fib_1618 -> Chat: those who continue to bearish
2013-09-18 16:10:12 [Message] fib_1618 -> Chat: still don't "get it"
2013-09-18 16:10:20 [Message] fib_1618 -> Chat: and continue to fight this advance
2013-09-18 16:10:27 [Message] fib_1618 -> Chat: when they capitulate
2013-09-18 16:10:36 [Message] fib_1618 -> Chat: only then when we'll have the opportunity for a top
2013-09-18 16:10:57 [Message] fib_1618 -> Chat: did you see how certain parties kind of "ganged up" on me yesterday?
2013-09-18 16:11:09 [Message] thespookyone -> Chat: just to say, I came into today pretty long-my question was pontification-just keeping an eye out for trouble-and that's the best I could do
2013-09-18 16:11:15 [Message] thespookyone -> Chat: yes I did
2013-09-18 16:11:27 [Message] fib_1618 -> Chat: and that's always a good plan
2013-09-18 16:11:29 [Message] fib_1618 -> Chat: in fact
2013-09-18 16:11:31 [Message] thespookyone -> Chat: I've been blunt there, for fun
2013-09-18 16:11:34 [Message] fib_1618 -> Chat: we made note of that yesterday at the end of the chat
2013-09-18 16:11:42 [Message] fib_1618 -> Chat: they don't understand
2013-09-18 16:11:51 [Message] fib_1618 -> Chat: their egos get in their way
2013-09-18 16:12:00 [Message] fib_1618 -> Chat: their bias gets in their way
2013-09-18 16:12:09 [Message] thespookyone -> Chat: nope, and watching money get made while they wait for???
2013-09-18 16:12:26 [Message] fib_1618 -> Chat: anyway
2013-09-18 16:12:39 [Message] fib_1618 -> Chat: OK...let me get DP up and we'll get started
2013-09-18 16:12:45 [Message] fib_1618 -> Chat: BTW
2013-09-18 16:13:05 [Message] fib_1618 -> Chat: there may be times during the first hour of the chat in which I may have to be away for longer than a minute or so
2013-09-18 16:13:13 [Message] fib_1618 -> Chat: I will let you know if that's the case
2013-09-18 16:13:14 [Message] fib_1618 -> Chat: also
2013-09-18 16:13:25 [Message] fib_1618 -> Chat: I just received Tuesday's transcripts about an hour ago
2013-09-18 16:13:34 [Message] fib_1618 -> Chat: I will work on them first tomorrow morning
2013-09-18 16:13:39 [Message] thespookyone -> Chat: man, that price candle at this point in the formation-WOW
2013-09-18 16:13:40 [Message] fib_1618 -> Chat: and follow up with today's right after that
2013-09-18 16:13:50 [Message] fib_1618 -> Chat: and we all saw it coming
2013-09-18 16:13:52 [Message] fib_1618 -> Chat: day by day
2013-09-18 16:13:57 [Message] fib_1618 -> Chat: bottom above bottom
2013-09-18 16:14:14 [Message] fib_1618 -> Chat: this was another great lesson on who should be listened to
2013-09-18 16:14:27 [Message] fib_1618 -> Chat: do you listen to message boards and media talking heads or do you listen to what money tells us??
2013-09-18 16:15:15 [Message] thespookyone -> Chat: high end consolidation waiting to Explode-while most were counting on a double top-geez
2013-09-18 16:15:16 [Message] fib_1618 -> Chat: OK...let's get started
2013-09-18 16:15:22 [Message] fib_1618 -> Chat: how about
2013-09-18 16:15:28 [Message] thespookyone -> Chat: TA 101
2013-09-18 16:15:37 [Message] fib_1618 -> Chat: how everyone kept harping on the "divergent" NYAD line where there was none?
2013-09-18 16:15:49 [Message] fib_1618 -> Chat: or at the very least
2013-09-18 16:15:51 [Message] thespookyone -> Chat: very strongly!
2013-09-18 16:15:53 [Message] fib_1618 -> Chat: was questionable in its make up?
2013-09-18 16:16:37 [Message] fib_1618 -> Chat: only because that the numbers were so close on either side of those new highs that they should had been given a lesser weighting in their analysis?
2013-09-18 16:16:39 [Message] thespookyone -> Chat: their opinions take them over
2013-09-18 16:16:39 [Message] fib_1618 -> Chat: but no
2013-09-18 16:16:47 [Message] fib_1618 -> Chat: their bias does
2013-09-18 16:16:48 [Message] fib_1618 -> Chat: yes
2013-09-18 16:16:53 [Message] fib_1618 -> Chat: first is was tapering
2013-09-18 16:17:01 [Message] fib_1618 -> Chat: all through the summer...taper this, taper that
2013-09-18 16:17:08 [Message] fib_1618 -> Chat: then the Syria thing happened
2013-09-18 16:17:13 [Message] fib_1618 -> Chat: and look what happened to sentiment
2013-09-18 16:17:20 [Message] fib_1618 -> Chat: right into the toilet
2013-09-18 16:17:20 [Message] thespookyone -> Chat: now, "congress"
2013-09-18 16:17:32 [Message] fib_1618 -> Chat: and screams of crash were heard again
2013-09-18 16:17:47 [Message] fib_1618 -> Chat: the best lesson here is simple
2013-09-18 16:18:15 [Message] fib_1618 -> Chat: about 95% of the members on a message board have very little experience with technical analysis and its nuances
2013-09-18 16:19:00 [Message] fib_1618 -> Chat: they find something fundamental
2013-09-18 16:20:18 [Message] thespookyone -> Chat: and, help me out-what is bearish about Northern gap fills?
2013-09-18 16:25:35 [Message] fib_1618 -> Chat: yes...and there other things as well
2013-09-18 16:25:39 [Message] fib_1618 -> Chat: anyway
2013-09-18 16:25:43 [Message] fib_1618 -> Chat: we're not here to bash
2013-09-18 16:25:53 [Message] fib_1618 -> Chat: we're here to make money
2013-09-18 16:25:59 [Message] fib_1618 -> Chat: so let's get moving
2013-09-18 16:26:20 [Message] fib_1618 -> Chat: the NYSE CO breadth MCO moved sharply higher today
2013-09-18 16:28:10 [Message] thespookyone -> Chat: is there any gap resistance here?
2013-09-18 16:28:17 [Message] fib_1618 -> Chat: checking
2013-09-18 16:28:39 [Message] fib_1618 -> Chat: nope filled
2013-09-18 16:28:47 [Message] fib_1618 -> Chat: and did so with the usual "BANG"
2013-09-18 16:29:01 [Message] fib_1618 -> Chat: this is exactly what we talked about yesterday
2013-09-18 16:29:02 [Message] thespookyone -> Chat: yep
2013-09-18 16:29:16 [Message] fib_1618 -> Chat: when we move above resistance or below support levels in the MCSUM
2013-09-18 16:29:25 [Message] fib_1618 -> Chat: whether they be technical or trendline types
2013-09-18 16:29:47 [Message] fib_1618 -> Chat: the market does so usually with enough of a bang to make this violation well known
2013-09-18 16:29:55 [Message] fib_1618 -> Chat: but in this case
2013-09-18 16:30:03 [Message] fib_1618 -> Chat: we had two things going for the bulls
2013-09-18 16:30:18 [Message] fib_1618 -> Chat: first was the closing of almost all of the MCSUM gap resistance zones yesterday
2013-09-18 16:30:22 [Message] fib_1618 -> Chat: but more importantly
2013-09-18 16:30:46 [Message] fib_1618 -> Chat: today's move had us close above the declining tops line in the NYSE Composite breadth MCSUM
2013-09-18 16:30:58 [Message] fib_1618 -> Chat: and a shift of trend took place
2013-09-18 16:31:01 [Message] fib_1618 -> Chat: or in this case
2013-09-18 16:31:06 [Message] fib_1618 -> Chat: a re-initiation took place
2013-09-18 16:31:13 [Message] fib_1618 -> Chat: but we saw this coming for a while now
2013-09-18 16:31:29 [Message] fib_1618 -> Chat: with yesterday's higher highs in the NYSE MCO's strongly suggesting follow through today
2013-09-18 16:31:34 [Message] fib_1618 -> Chat: and frankly
2013-09-18 16:31:42 [Message] fib_1618 -> Chat: I had forgotten about the FED meeting today
2013-09-18 16:32:04 [Message] fib_1618 -> Chat: until I got a text message from CNBC saying: FED says NO to tapering!"
2013-09-18 16:32:10 [Message] fib_1618 -> Chat: and I literally broke out in laughter
2013-09-18 16:32:32 [Message] fib_1618 -> Chat: you would think after 4 years of Ben
2013-09-18 16:32:42 [Message] thespookyone -> Chat: "pretty happy" myself, LOL
2013-09-18 16:32:49 [Message] fib_1618 -> Chat: that the media would know that what this guy says is golden
2013-09-18 16:32:53 [Message] fib_1618 -> Chat: he has never wavered
2013-09-18 16:32:56 [Message] fib_1618 -> Chat: never lied
2013-09-18 16:33:18 [Message] fib_1618 -> Chat: he said 2 years ago that they would review their current monetary stance in the spring of 2014
2013-09-18 16:33:43 [Message] fib_1618 -> Chat: and today was just another reminder of how economists make way too much money
2013-09-18 16:34:00 [Message] fib_1618 -> Chat: anyway
2013-09-18 16:34:02 [Message] fib_1618 -> Chat: back to the data
2013-09-18 16:34:44 [Message] fib_1618 -> Chat: notice how we're seeing a larger separation of postings in the MCSUM now
2013-09-18 16:34:55 [Message] fib_1618 -> Chat: showing us that money is moving in with a continued purpose
2013-09-18 16:35:15 [Message] fib_1618 -> Chat: given that the NYUD and NAUD volume lines were already at new all time highs
2013-09-18 16:35:33 [Message] fib_1618 -> Chat: this also told us that institutional buying is also present with this move
2013-09-18 16:35:48 [Message] fib_1618 -> Chat: and this is really the very first time we've seen this since the 2009 lows
2013-09-18 16:35:53 [Message] fib_1618 -> Chat: now...
2013-09-18 16:36:00 [Message] fib_1618 -> Chat: these guys may be overpaid
2013-09-18 16:36:06 [Message] fib_1618 -> Chat: but they are far from stupid
2013-09-18 16:36:19 [Message] fib_1618 -> Chat: and given the tremendous amount of cash they have to work with here
2013-09-18 16:36:41 [Message] fib_1618 -> Chat: we may be witnessing something here that will likely be historic in nature
2013-09-18 16:36:48 [Message] fib_1618 -> Chat: for now though
2013-09-18 16:37:05 [Message] fib_1618 -> Chat: our blueprint of the last 4 weeks remains valid
2013-09-18 16:37:40 [Message] fib_1618 -> Chat: another thing today's move also suggests to us
2013-09-18 16:37:50 [Message] fib_1618 -> Chat: is that with our being at new yearly highs
2013-09-18 16:38:10 [Message] fib_1618 -> Chat: we're probably not going to have too much of a problem breaking above the declining tops line on the other breadth MCSUM's
2013-09-18 16:38:16 [Message] fib_1618 -> Chat: which also means
2013-09-18 16:38:18 [Message] fib_1618 -> Chat: that when we do
2013-09-18 16:39:15 [Message] fib_1618 -> Chat: it will likely be just as explosive that day as was it was today
2013-09-18 16:39:22 [Message] fib_1618 -> Chat: also keep in mind
2013-09-18 16:39:24 [Message] fib_1618 -> Chat: that the higher we go
2013-09-18 16:39:38 [Message] fib_1618 -> Chat: the larger a 1% move in prices will be
2013-09-18 16:39:58 [Message] fib_1618 -> Chat: from this point
2013-09-18 16:40:09 [Message] fib_1618 -> Chat: I'm going to switch to the 3 year charts for today's chat
2013-09-18 16:40:21 [Message] fib_1618 -> Chat: so that we can have better longer term context
2013-09-18 16:40:57 [Message] fib_1618 -> Chat: and when we look at the NYSE CO breadth MCO
2013-09-18 16:41:21 [Message] fib_1618 -> Chat: we see that we still have higher highs here to challenge before we have *confirmation* of a POR event
2013-09-18 16:41:44 [Message] fib_1618 -> Chat: so maybe by the end of the week we'll know for sure
2013-09-18 16:42:12 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2013-09-18 16:42:18 [Message] fib_1618 -> Chat: and here we also shot higher
2013-09-18 16:42:42 [Message] fib_1618 -> Chat: and we're now challenging the kick off point of this entire rally from last summer
2013-09-18 16:42:45 [Message] fib_1618 -> Chat: now...
2013-09-18 16:42:51 [Message] fib_1618 -> Chat: with all things being equal
2013-09-18 16:43:07 [Message] fib_1618 -> Chat: and we take some liberties in making like comparisons
2013-09-18 16:43:50 [Message] fib_1618 -> Chat: today's MCO reading of +87 will probably provide us with enough of a power push in prices to move about the same distance as the original kick off point
2013-09-18 16:44:04 [Message] fib_1618 -> Chat: and that was about 2000 NYA points
2013-09-18 16:44:29 [Message] fib_1618 -> Chat: so...we have a preliminary price target of around 11,500 on the NYA
2013-09-18 16:44:54 [Message] fib_1618 -> Chat: and we'll have to see as other means of analysis begin to confirm such a target
2013-09-18 16:45:22 [Message] fib_1618 -> Chat: in the Dow...that would be about 2500 points
2013-09-18 16:45:28 [Message] fib_1618 -> Chat: or around 18,000
2013-09-18 16:45:42 [Message] fib_1618 -> Chat: yes...it's now doable
2013-09-18 16:46:05 [Message] fib_1618 -> Chat: especially if the Dow breadth MCO is showing a higher amount of energy at this time
2013-09-18 16:46:30 [Message] fib_1618 -> Chat: looking at the NYA price chart
2013-09-18 16:46:46 [Message] fib_1618 -> Chat: and you can really see here what we pointed to in previous chats
2013-09-18 16:47:01 [Message] fib_1618 -> Chat: on how the price pattern was "reaching out" to the upside
2013-09-18 16:47:17 [Message] fib_1618 -> Chat: and is continuing to accelerate
2013-09-18 16:47:28 [Message] fib_1618 -> Chat: the angle of ascent is now more the 45 percent
2013-09-18 16:47:32 [Message] fib_1618 -> Chat: and under such conditions
2013-09-18 16:48:02 [Message] fib_1618 -> Chat: this is where parabolic moves can be created
2013-09-18 16:51:56 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO
2013-09-18 16:52:10 [Message] fib_1618 -> Chat: and we see that we barely moved to new highs today
2013-09-18 16:52:16 [Message] fib_1618 -> Chat: looking at the 3 year price chart
2013-09-18 16:52:25 [Message] fib_1618 -> Chat: and talk about "reaching out"!
2013-09-18 16:52:42 [Message] fib_1618 -> Chat: it sure looks like mid 1999, doesn't it?
2013-09-18 16:53:00 [Message] fib_1618 -> Chat: with the small double top before it accelerated
2013-09-18 16:53:08 [Message] fib_1618 -> Chat: need to look at a chart - one sec
2013-09-18 16:54:01 [Message] fib_1618 -> Chat: it's an echo alright
2013-09-18 16:54:09 [Message] fib_1618 -> Chat: look summer of 1999
2013-09-18 16:54:13 [Message] fib_1618 -> Chat: and the small double top
2013-09-18 16:54:18 [Message] fib_1618 -> Chat: and then acceleration point
2013-09-18 16:54:21 [Message] fib_1618 -> Chat: but this time
2013-09-18 16:54:25 [Message] fib_1618 -> Chat: breadth is leading
2013-09-18 16:54:37 [Message] fib_1618 -> Chat: wow
2013-09-18 16:55:36 [Message] fib_1618 -> Chat: the NDX breadth MCO is perceptively above its previous highs now
2013-09-18 16:55:57 [Message] fib_1618 -> Chat: but the bulls would want a little more conviction as to leave no doubt on the table
2013-09-18 16:56:43 [Message] fib_1618 -> Chat: the SPX breadth MCO is now at its highest levels since the fall of 2011
2013-09-18 16:56:58 [Message] fib_1618 -> Chat: so if the volume side is anywhere near these levels
2013-09-18 16:57:10 [Message] fib_1618 -> Chat: we should see the next target of 1825 or so in the SPX
2013-09-18 16:57:54 [Message] fib_1618 -> Chat: the OEX breadth MCO is now at over 3 year highs
2013-09-18 16:58:00 [Message] fib_1618 -> Chat: OH!
2013-09-18 16:58:09 [Message] fib_1618 -> Chat: I forgot that we have the longer term charts that Carl created for us earlier this year
2013-09-18 16:58:51 [Message] fib_1618 -> Chat: at the top of the OEX chart
2013-09-18 16:59:06 [Message] fib_1618 -> Chat: there is a link there "long term range chart"
2013-09-18 16:59:08 [Message] fib_1618 -> Chat: click on that
2013-09-18 16:59:14 [Message] fib_1618 -> Chat: and you will see the longer term chart
2013-09-18 16:59:38 [Message] thespookyone -> Chat: got it
2013-09-18 16:59:48 [Message] fib_1618 -> Chat: going back to 1999
2013-09-18 16:59:53 [Message] fib_1618 -> Chat: and the MCO?
2013-09-18 17:00:03 [Message] fib_1618 -> Chat: is now at its highest levels since inception
2013-09-18 17:00:26 [Message] fib_1618 -> Chat: so this tells us a couple of things
2013-09-18 17:00:28 [Message] fib_1618 -> Chat: first...
2013-09-18 17:00:39 [Message] fib_1618 -> Chat: we are going to new all time highs on this specific rally sequence in the OEX
2013-09-18 17:00:53 [Message] fib_1618 -> Chat: what this also tells us is
2013-09-18 17:01:25 [Message] fib_1618 -> Chat: that there is more fuel moving into these top 100 stocks that trade on the SPX than at any time since the bull market top of 2000
2013-09-18 17:01:53 [Message] fib_1618 -> Chat: and since these stocks tend to be traded as a basket
2013-09-18 17:02:14 [Message] fib_1618 -> Chat: it's usually banks and other fund institutions providing this thrust to the upside
2013-09-18 17:03:08 [Message] fib_1618 -> Chat: back to the 3 year chart of the Dow breadth MCO
2013-09-18 17:03:44 [Message] fib_1618 -> Chat: and it too is now at levels that haven't been seen in the entire period available to us starting in 1999
2013-09-18 17:04:27 [Message] fib_1618 -> Chat: now let's keep in mind something very important here
2013-09-18 17:04:40 [Message] fib_1618 -> Chat: in that these longer term charts are that of WEEKLY numbers
2013-09-18 17:04:50 [Message] fib_1618 -> Chat: so we still have to wait until Friday for confirmation
2013-09-18 17:05:02 [Message] fib_1618 -> Chat: so this would be something to re-examine this weekend as to its analytical validity
2013-09-18 17:05:38 [Message] fib_1618 -> Chat: new all time price highs on the MID today
2013-09-18 17:06:05 [Message] fib_1618 -> Chat: to go along with the SPX and Dow
2013-09-18 17:06:27 [Message] fib_1618 -> Chat: we also got our higher highs in the SML breadth MCO
2013-09-18 17:07:37 [Message] fib_1618 -> Chat: and now we have new 52 week highs in the TM breadth MCO as well
2013-09-18 17:08:15 [Message] fib_1618 -> Chat: so...we had a good continuation day for the buyers today
2013-09-18 17:08:57 [Message] fib_1618 -> Chat: and this was enough of an across the board to move where prices are now above their recent highs made over the summer
2013-09-18 17:09:12 [Message] fib_1618 -> Chat: going back now to the 1 year charts...sector McClellan's
2013-09-18 17:09:47 [Message] fib_1618 -> Chat: new highs on the XLY breadth MCO
2013-09-18 17:09:54 [Message] fib_1618 -> Chat: and if you look at the top of the chart array
2013-09-18 17:10:07 [Message] fib_1618 -> Chat: you will see that Carl has also included the longer term charts of the McClellan's on the sectors as well
2013-09-18 17:10:36 [Message] fib_1618 -> Chat: which shows that the current MCO levels are the highest since last summer
2013-09-18 17:10:57 [Message] fib_1618 -> Chat: lots of potential still here with this group
2013-09-18 17:11:06 [Message] thespookyone -> Chat: DP has been oddly bearish in their takes...
2013-09-18 17:11:30 [Message] fib_1618 -> Chat: takes = bias
2013-09-18 17:11:31 [Message] thespookyone -> Chat: yes
2013-09-18 17:11:43 [Message] fib_1618 -> Chat: you can NOT have a bias and be a successful trader, no less, analyst
2013-09-18 17:11:56 [Message] fib_1618 -> Chat: if you have ANY emotion at all, you need to pack it in
2013-09-18 17:12:05 [Message] thespookyone -> Chat: you schooled me on that a lot of years ago, LOL
2013-09-18 17:12:16 [Message] fib_1618 -> Chat: I mean really
2013-09-18 17:12:22 [Message] fib_1618 -> Chat: think about this for a moment
2013-09-18 17:12:54 [Message] fib_1618 -> Chat: we're all looking at the same thing as some very smart people in this business
2013-09-18 17:12:59 [Message] fib_1618 -> Chat: besides ourselves
2013-09-18 17:13:22 [Message] fib_1618 -> Chat: who out there was expecting new highs when we were at the pinnacle of the decline in August?
2013-09-18 17:13:32 [Message] fib_1618 -> Chat: was there anyone?
2013-09-18 17:13:36 [Message] thespookyone -> Chat: nope
2013-09-18 17:13:49 [Message] fib_1618 -> Chat: even Tom McClellan was bearish into December
2013-09-18 17:14:05 [Message] fib_1618 -> Chat: now...
2013-09-18 17:14:13 [Message] fib_1618 -> Chat: there are various reasons for this
2013-09-18 17:14:21 [Message] thespookyone -> Chat: Dio made a risky, but GREAT buy
2013-09-18 17:14:25 [Message] fib_1618 -> Chat: but all are bias
2013-09-18 17:14:38 [Message] thespookyone -> Chat: but, he's a breadth man
2013-09-18 17:14:39 [Message] fib_1618 -> Chat: whether they be political in nature
2013-09-18 17:14:44 [Message] fib_1618 -> Chat: or economic
2013-09-18 17:14:54 [Message] fib_1618 -> Chat: or even the idea that we couldn't keep going up like this
2013-09-18 17:15:03 [Message] fib_1618 -> Chat: well..
2013-09-18 17:15:17 [Message] fib_1618 -> Chat: Dio knows that the odds are pretty good on a very simple premise
2013-09-18 17:15:30 [Message] fib_1618 -> Chat: if the MCSUM turns higher...you buy until you get stopped out
2013-09-18 17:15:44 [Message] fib_1618 -> Chat: if the MCSUM turns lower...you sell until you get stopped out
2013-09-18 17:15:49 [Message] fib_1618 -> Chat: sometimes it works
2013-09-18 17:15:55 [Message] fib_1618 -> Chat: sometimes it doesn't
2013-09-18 17:15:59 [Message] thespookyone -> Chat: and, there were bottoms under bottoms MCO wise-nice help
2013-09-18 17:16:08 [Message] fib_1618 -> Chat:  but even he was looking for more than what the market provided
2013-09-18 17:16:25 [Message] thespookyone -> Chat: absolutely, I waited
2013-09-18 17:16:31 [Message] fib_1618 -> Chat: so I kind of nudged him a little [smile]
2013-09-18 17:16:39 [Message] thespookyone -> Chat: yep
2013-09-18 17:16:40 [Message] fib_1618 -> Chat: as I like to do
2013-09-18 17:16:51 [Message] fib_1618 -> Chat: and he was back on track
2013-09-18 17:16:57 [Message] thespookyone -> Chat: yes
2013-09-18 17:16:58 [Message] fib_1618 -> Chat: and when the name calling started
2013-09-18 17:17:05 [Message] fib_1618 -> Chat: we both knew he hit the lows
2013-09-18 17:17:15 [Message] thespookyone -> Chat: [smile]
2013-09-18 17:17:17 [Message] fib_1618 -> Chat: the toughest trade
2013-09-18 17:17:32 [Message] fib_1618 -> Chat: is the one in which makes your stomach queasy
2013-09-18 17:17:44 [Message] fib_1618 -> Chat: as your emotion says "no"
2013-09-18 17:17:52 [Message] fib_1618 -> Chat: but your data says "yes"
2013-09-18 17:18:00 [Message] thespookyone -> Chat: yep-and the worst is the one you feel you can't lose
2013-09-18 17:18:07 [Message] fib_1618 -> Chat: supply and demand is everything to a technician
2013-09-18 17:18:12 [Message] fib_1618 -> Chat: yes
2013-09-18 17:18:24 [Message] fib_1618 -> Chat: cockiness is a sign that you should take some time off
2013-09-18 17:18:33 [Message] thespookyone -> Chat: BET!
2013-09-18 17:18:37 [Message] fib_1618 -> Chat: back to the XLP
2013-09-18 17:18:44 [Message] fib_1618 -> Chat: need we say anymore than what we see there?
2013-09-18 17:18:48 [Message] thespookyone -> Chat: I used to do 3 days in the hole, LOL
2013-09-18 17:19:10 [Message] fib_1618 -> Chat: [smile]
2013-09-18 17:19:14 [Message] fib_1618 -> Chat: not a bad idea
2013-09-18 17:19:30 [Message] fib_1618 -> Chat: moving to the XLE breadth MCO
2013-09-18 17:19:34 [Message] thespookyone -> Chat: After big hits, I like a day or two yet today
2013-09-18 17:19:36 [Message] fib_1618 -> Chat: and here we also have higher highs
2013-09-18 17:19:57 [Message] fib_1618 -> Chat: and we also crossed back above the XLE breadth MCSUM zero line today
2013-09-18 17:20:17 [Message] fib_1618 -> Chat: so...this kind of flies in the face of seeing some large downside moves in the price of crude
2013-09-18 17:20:30 [Message] fib_1618 -> Chat: but as we talked about a couple of weeks ago
2013-09-18 17:20:48 [Message] fib_1618 -> Chat: what was likely to happen was once the "war premium" was removed
2013-09-18 17:20:58 [Message] fib_1618 -> Chat: the stocks were likely to be the beneficiary
2013-09-18 17:21:03 [Message] fib_1618 -> Chat: and right now
2013-09-18 17:21:11 [Message] fib_1618 -> Chat: we closed at new all time highs on the XLE today
2013-09-18 17:21:47 [Message] fib_1618 -> Chat: and on the longer term chart
2013-09-18 17:21:59 [Message] fib_1618 -> Chat: look at the way the price pattern is "stair stepping" higher
2013-09-18 17:22:13 [Message] fib_1618 -> Chat: so this would appear to be a good buy point here
2013-09-18 17:22:56 [Message] fib_1618 -> Chat: we also have another good buy point on the XLF
2013-09-18 17:23:05 [Message] fib_1618 -> Chat: with higher highs in the XLF breadth MCO
2013-09-18 17:23:57 [Message] fib_1618 -> Chat: and the XLF breadth MCSUM racing higher now after providing a typical MCSUM "oversold" bottom at -500
2013-09-18 17:24:08 [Message] fib_1618 -> Chat: here was another easy read
2013-09-18 17:24:27 [Message] fib_1618 -> Chat: and followed our preferred blue print almost precisely
2013-09-18 17:25:12 [Message] fib_1618 -> Chat: money continues to support the XLV
2013-09-18 17:25:22 [Message] fib_1618 -> Chat: take a look at the longer term weekly chart on this one
2013-09-18 17:25:27 [Message] fib_1618 -> Chat: pretty impressive
2013-09-18 17:26:25 [Message] fib_1618 -> Chat: higher highs still coming with the XLI breadth MCO
2013-09-18 17:26:42 [Message] fib_1618 -> Chat: and notice that we actually broke above the declining tops line on the XLI breadth MCSUM 3 days ago
2013-09-18 17:27:10 [Message] fib_1618 -> Chat: the sectors look amazing here
2013-09-18 17:27:34 [Message] fib_1618 -> Chat: the XLB breadth MCO is still having its issues though
2013-09-18 17:27:42 [Message] thespookyone -> Chat: still can't get over the XLP-UNREAL
2013-09-18 17:28:08 [Message] fib_1618 -> Chat: so one may want to be very careful here on thinking that the gold stocks may had bottomed after the triple funds moved about 27% today(!)
2013-09-18 17:28:16 [Message] fib_1618 -> Chat: XLI too
2013-09-18 17:28:22 [Message] fib_1618 -> Chat: the XLP is for your mom
2013-09-18 17:28:30 [Message] fib_1618 -> Chat: the XLI is for your sister
2013-09-18 17:28:31 [Message] thespookyone -> Chat: YES
2013-09-18 17:28:44 [Message] fib_1618 -> Chat: honestly
2013-09-18 17:28:52 [Message] thespookyone -> Chat: what's for me?
2013-09-18 17:29:00 [Message] fib_1618 -> Chat: with the cream stocks now performing as they are
2013-09-18 17:29:10 [Message] fib_1618 -> Chat: some allocation there for mom is something to consider
2013-09-18 17:29:12 [Message] fib_1618 -> Chat: for you
2013-09-18 17:29:21 [Message] fib_1618 -> Chat: you already have 2 islands
2013-09-18 17:29:23 [Message] fib_1618 -> Chat: [smile]
2013-09-18 17:29:36 [Message] fib_1618 -> Chat: you can live on their commissions
2013-09-18 17:29:40 [Message] thespookyone -> Chat: LOL
2013-09-18 17:30:14 [Message] thespookyone -> Chat: am trading for sis again, starting next week
2013-09-18 17:30:15 [Message] fib_1618 -> Chat: I'm still liking the XLK
2013-09-18 17:30:33 [Message] fib_1618 -> Chat: although we would like to see a bit more money come in there
2013-09-18 17:30:53 [Message] fib_1618 -> Chat: like the XLF
2013-09-18 17:31:01 [Message] fib_1618 -> Chat: the XLK has a great amount of potential
2013-09-18 17:31:15 [Message] thespookyone -> Chat: thx
2013-09-18 17:31:33 [Message] fib_1618 -> Chat: and AAPL is getting close to a major buy here
2013-09-18 17:31:48 [Message] thespookyone -> Chat: it sure is, was just going to mention
2013-09-18 17:32:06 [Message] fib_1618 -> Chat: not only is the sentiment as bearish as it was back at $380
2013-09-18 17:32:20 [Message] fib_1618 -> Chat: but the EMA's are now setting up for a compression buy point
2013-09-18 17:32:27 [Message] thespookyone -> Chat: China gets 3 and 4G in November-"may sell "a few" iPhones then
2013-09-18 17:32:42 [Message] fib_1618 -> Chat: could be
2013-09-18 17:32:49 [Message] fib_1618 -> Chat: but I think it's going to based on something bigger
2013-09-18 17:33:07 [Message] thespookyone -> Chat: today they said stock buyback, as well
2013-09-18 17:33:15 [Message] fib_1618 -> Chat: dividend?
2013-09-18 17:33:37 [Message] fib_1618 -> Chat: let's take a moment to look at the daily chart
2013-09-18 17:33:55 [Message] thespookyone -> Chat: Ichan said he is meeting with company to talk size-but they want to definitely do a buyback
2013-09-18 17:33:56 [Message] fib_1618 -> Chat: and apply a 20, 50 and 200 day EMA to the chart
2013-09-18 17:34:24 [Message] fib_1618 -> Chat: and look from the May period
2013-09-18 17:34:36 [Message] fib_1618 -> Chat: what you usually see in the makings of a bottom
2013-09-18 17:34:48 [Message] thespookyone -> Chat: I keep a daily preset on that basis, and plug stocks in
2013-09-18 17:34:52 [Message] fib_1618 -> Chat: is that the price pattern will tend to have a double bottom
2013-09-18 17:35:03 [Message] thespookyone -> Chat: ah
2013-09-18 17:35:06 [Message] fib_1618 -> Chat: and then move above all three EMA's to above the longer term 200 day EMA pulling up the 20 and 50 with it
2013-09-18 17:35:10 [Message] fib_1618 -> Chat: from there
2013-09-18 17:35:13 [Message] fib_1618 -> Chat: prices snapback to the 200
2013-09-18 17:35:17 [Message] fib_1618 -> Chat: while at the same time
2013-09-18 17:35:28 [Message] fib_1618 -> Chat: the objective here is the same as when we work with the A/D lines
2013-09-18 17:36:03 [Message] fib_1618 -> Chat: you want enough of a pullback either with respect to time and/or price to bring the 20 and 50 day EMA's to also test this same 200 day EMA
2013-09-18 17:36:07 [Message] fib_1618 -> Chat: usually
2013-09-18 17:36:29 [Message] fib_1618 -> Chat: they will shoot below the 200 for a period of a couple of days
2013-09-18 17:36:41 [Message] fib_1618 -> Chat: and this is usually the point in which the EMA's become compressed
2013-09-18 17:36:48 [Message] fib_1618 -> Chat: and start to move sideways
2013-09-18 17:36:54 [Message] fib_1618 -> Chat: this then supports the price pattern
2013-09-18 17:37:02 [Message] fib_1618 -> Chat: and from there it begins to slowly rally
2013-09-18 17:37:10 [Message] fib_1618 -> Chat: to a point in which if bottoms
2013-09-18 17:37:16 [Message] fib_1618 -> Chat: and we're off to the races
2013-09-18 17:37:42 [Message] thespookyone -> Chat: wow, nice description while I looked at the chart-THX
2013-09-18 17:37:42 [Message] fib_1618 -> Chat: so we have a little more time for the 20 day EMA to move a little closer to the 200 day EMA
2013-09-18 17:37:47 [Message] fib_1618 -> Chat: and when that's complete
2013-09-18 17:37:55 [Message] fib_1618 -> Chat: the trade is a simple one
2013-09-18 17:38:26 [Message] fib_1618 -> Chat: you enter with a stop about .10 below the lows of earlier this week
2013-09-18 17:38:45 [Message] fib_1618 -> Chat: and move up the stop as long as the pattern leads you in this direction
2013-09-18 17:39:19 [Message] fib_1618 -> Chat: any indication at ALL that the price movement is having its issues in moving back above all THREE EMA's at anytime is an indication of a weaker than normal situation
2013-09-18 17:39:29 [Message] fib_1618 -> Chat: and this provides you with another out
2013-09-18 17:39:41 [Message] fib_1618 -> Chat: as it goes under the premise of...
2013-09-18 17:39:51 [Message] fib_1618 -> Chat: you can be very right that a bottom may be forming on a chart but your TIMING may be off
2013-09-18 17:40:00 [Message] fib_1618 -> Chat: and for that
2013-09-18 17:40:10 [Message] fib_1618 -> Chat: we listen only to what bigger money wants to do
2013-09-18 17:40:17 [Message] fib_1618 -> Chat: but that's the basic set up
2013-09-18 17:40:20 [Message] fib_1618 -> Chat: have fun with it
2013-09-18 17:40:49 [Message] fib_1618 -> Chat: tomorrow would be the first real test
2013-09-18 17:41:08 [Message] fib_1618 -> Chat: will prices shy away from the double EMA resistance seen here (the 50 and the 200) or will it close above these two EMA's??
2013-09-18 17:41:20 [Message] fib_1618 -> Chat: if it does close above them
2013-09-18 17:41:29 [Message] fib_1618 -> Chat: then you know that bigger hands are taking control
2013-09-18 17:41:36 [Message] thespookyone -> Chat: price may have bottomed already-or one more drop-your take?
2013-09-18 17:42:00 [Message] fib_1618 -> Chat: these are the kind of whispers that are important in deciding if a chart pattern is worth a trade or not
2013-09-18 17:42:06 [Message] fib_1618 -> Chat: don't think so
2013-09-18 17:42:24 [Message] thespookyone -> Chat: don't think which? LOL
2013-09-18 17:42:28 [Message] fib_1618 -> Chat: we can allow for one more bottom
2013-09-18 17:42:48 [Message] fib_1618 -> Chat: but if Apple's price closes above
2013-09-18 17:42:53 [Message] fib_1618 -> Chat: $470 tomorrow
2013-09-18 17:43:00 [Message] fib_1618 -> Chat: a test may not come around
2013-09-18 17:43:08 [Message] fib_1618 -> Chat: if it finds resistance though
2013-09-18 17:43:18 [Message] fib_1618 -> Chat: that would open the door for a downside probe
2013-09-18 17:43:22 [Message] fib_1618 -> Chat: to see if there is any takers
2013-09-18 17:43:30 [Message] fib_1618 -> Chat: supply and demand
2013-09-18 17:43:59 [Message] fib_1618 -> Chat: it doesn't matter one iota what you think something is worth unless you someone else to agree with you
2013-09-18 17:44:13 [Message] thespookyone -> Chat: excellent
2013-09-18 17:44:14 [Message] fib_1618 -> Chat: all the news is out on Apple for now
2013-09-18 17:44:23 [Message] fib_1618 -> Chat: iOS7 is now being released
2013-09-18 17:44:28 [Message] fib_1618 -> Chat: started today
2013-09-18 17:44:31 [Message] fib_1618 -> Chat: in fact
2013-09-18 17:44:56 [Message] fib_1618 -> Chat: I have had over 30 app updates on my iPhone in the last two days alone for the upgrade to iOS7
2013-09-18 17:45:14 [Message] fib_1618 -> Chat: people are putting a lot of time and effort into it
2013-09-18 17:45:21 [Message] fib_1618 -> Chat: which usually means its a game changer
2013-09-18 17:45:35 [Message] fib_1618 -> Chat: remember how everyone poo pooed the iPad when it first came out?
2013-09-18 17:45:44 [Message] fib_1618 -> Chat: and it turned into a whole new industry
2013-09-18 17:45:55 [Message] fib_1618 -> Chat: is there competition out there
2013-09-18 17:45:56 [Message] fib_1618 -> Chat: yes
2013-09-18 17:46:01 [Message] fib_1618 -> Chat: can they do what Apple does?
2013-09-18 17:46:04 [Message] fib_1618 -> Chat: not really
2013-09-18 17:46:08 [Message] thespookyone -> Chat: volume on the bottom looks pretty fair
2013-09-18 17:46:25 [Message] fib_1618 -> Chat: that's another good point
2013-09-18 17:46:43 [Message] fib_1618 -> Chat: watch your daily volume as well if and when apple closes above 470
2013-09-18 17:46:51 [Message] fib_1618 -> Chat: you want to see above average volume
2013-09-18 17:47:00 [Message] fib_1618 -> Chat: I use a 34 day EMA for my "average"
2013-09-18 17:47:02 [Message] thespookyone -> Chat: 15.5 stick was likely bottom of 3 of C
2013-09-18 17:47:04 [Message] fib_1618 -> Chat: but ideally
2013-09-18 17:47:12 [Message] thespookyone -> Chat: 12.5
2013-09-18 17:47:32 [Message] fib_1618 -> Chat: any higher volume than what you saw on last Monday's low would be what you would want to see for "staying power"
2013-09-18 17:47:40 [Message] thespookyone -> Chat: cool
2013-09-18 17:47:51 [Message] fib_1618 -> Chat: honestly
2013-09-18 17:47:55 [Message] fib_1618 -> Chat: if you're a pure chartist
2013-09-18 17:48:02 [Message] fib_1618 -> Chat: you don't need technical indicators
2013-09-18 17:48:27 [Message] fib_1618 -> Chat: all you need to know is price, volume, and the relation of price to its short, intermediate, and longer term EMA's
2013-09-18 17:48:44 [Message] fib_1618 -> Chat: everything else is just whipped topping
2013-09-18 17:48:50 [Message] fib_1618 -> Chat: back to the sectors
2013-09-18 17:49:00 [Message] thespookyone -> Chat: man, sitting right on the weekly 20 here
2013-09-18 17:49:13 [Message] fib_1618 -> Chat: and the XLU breadth MCO moved sharply higher today
2013-09-18 17:49:21 [Message] fib_1618 -> Chat: after finding zero line support earlier in the week
2013-09-18 17:49:30 [Message] fib_1618 -> Chat: with the XLU breadth MCSUM now "oversold"
2013-09-18 17:49:40 [Message] fib_1618 -> Chat: this is another sector worth a look-see
2013-09-18 17:49:59 [Message] fib_1618 -> Chat: especially if our forecast of a top in longer term rates is now behind us
2013-09-18 17:50:10 [Message] fib_1618 -> Chat: (not a bad call there either)
2013-09-18 17:50:15 [Message] fib_1618 -> Chat: and we did it with money flow
2013-09-18 17:50:20 [Message] fib_1618 -> Chat: so....
2013-09-18 17:50:31 [Message] fib_1618 -> Chat: with the exception of the materials sector
2013-09-18 17:50:48 [Message] fib_1618 -> Chat: all of the other major sectors we cover are looking quite bullish here
2013-09-18 17:50:57 [Message] fib_1618 -> Chat: with the defensive areas showing a lot of support
2013-09-18 17:51:08 [Message] fib_1618 -> Chat: and probably coming from Aunt Minnie and Uncle Charley
2013-09-18 17:51:27 [Message] fib_1618 -> Chat: who have now petty much given up on all the bearish diatribe they've been hearing for the last 4 years
2013-09-18 17:51:32 [Message] fib_1618 -> Chat: and wish to be part of the action
2013-09-18 17:51:40 [Message] fib_1618 -> Chat: moving to the volume oscillators
2013-09-18 17:51:57 [Message] thespookyone -> Chat: consider-mom gave me her money 3 months ago.....
2013-09-18 17:52:08 [Message] fib_1618 -> Chat: there you go
2013-09-18 17:52:10 [Message] fib_1618 -> Chat: and remember
2013-09-18 17:52:21 [Message] thespookyone -> Chat: she was fed up with her returns
2013-09-18 17:52:37 [Message] fib_1618 -> Chat: no one out there was even talking about how individual investors were starting to come back in
2013-09-18 17:52:42 [Message] fib_1618 -> Chat: yes
2013-09-18 17:52:52 [Message] thespookyone -> Chat: and now, conservative sis wants in
2013-09-18 17:52:57 [Message] fib_1618 -> Chat: all of the volume oscillators are well "overbought"
2013-09-18 17:53:04 [Message] fib_1618 -> Chat: baby steps
2013-09-18 17:53:15 [Message] fib_1618 -> Chat: I don't have the data yet
2013-09-18 17:53:27 [Message] fib_1618 -> Chat: but I bet the REITS are finally started moving today
2013-09-18 17:53:45 [Message] fib_1618 -> Chat: not that this lie about "tapering" has once again been squashed
2013-09-18 17:54:02 [Message] fib_1618 -> Chat: many of the REITS are below wholesale
2013-09-18 17:54:09 [Message] fib_1618 -> Chat: and yielding 13-15% right now
2013-09-18 17:54:32 [Message] fib_1618 -> Chat: NYSE TRIN at .79
2013-09-18 17:54:43 [Message] fib_1618 -> Chat: Open 10 at .79
2013-09-18 17:54:57 [Message] fib_1618 -> Chat: NASDAQ TRIN at .60
2013-09-18 17:55:01 [Message] fib_1618 -> Chat: Open 10 at .78
2013-09-18 17:55:13 [Message] fib_1618 -> Chat: TM TRIN at .83
2013-09-18 17:55:16 [Message] fib_1618 -> Chat: Open 10 at .80
2013-09-18 17:55:20 [Message] fib_1618 -> Chat: so...
2013-09-18 17:55:25 [Message] fib_1618 -> Chat: as we talked about recently
2013-09-18 17:55:36 [Message] fib_1618 -> Chat: we're nicely "overbought" here near term
2013-09-18 17:55:54 [Message] fib_1618 -> Chat: and we "could" now see us chop around for a couple of days to relieve this same frothiness
2013-09-18 17:56:12 [Message] fib_1618 -> Chat: but be aware that any pull back here will tend to be only that of the intraday variety
2013-09-18 17:56:21 [Message] fib_1618 -> Chat: and will likely be over before it began kind of thing
2013-09-18 17:56:25 [Message] fib_1618 -> Chat: let me check the BETS
2013-09-18 17:56:53 [Message] fib_1618 -> Chat: a ton of money is now moving into the AMEX
2013-09-18 17:56:59 [Message] fib_1618 -> Chat: which is really ARCA these days
2013-09-18 17:57:04 [Message] fib_1618 -> Chat: which are the ETF's by and large
2013-09-18 17:57:40 [Message] fib_1618 -> Chat: new 3 year highs on the NAAD line now
2013-09-18 17:57:43 [Message] thespookyone -> Chat: TNA really ripped off that bottom today...
2013-09-18 17:58:12 [Message] fib_1618 -> Chat: well...would you look at that?!?
2013-09-18 17:58:24 [Message] fib_1618 -> Chat: the NYAD line is within 100 data points of its all time highs now
2013-09-18 17:58:29 [Message] fib_1618 -> Chat: sigh...
2013-09-18 17:58:40 [Message] fib_1618 -> Chat: look for new all time highs in the NYAD line as soon as tomorrow
2013-09-18 17:58:52 [Message] fib_1618 -> Chat: and we'll finally be able to put this divergence silliness to rest
2013-09-18 17:59:00 [Message] thespookyone -> Chat: does that mean no divergence? [smile]
2013-09-18 17:59:22 [Message] thespookyone -> Chat: you beat me to it
2013-09-18 17:59:32 [Message] fib_1618 -> Chat: new all time highs now in the TOUD, NAUD, and NYUD
2013-09-18 17:59:52 [Message] fib_1618 -> Chat: +45 on the BETS
2013-09-18 17:59:57 [Message] fib_1618 -> Chat: so down 5 today
2013-09-18 18:00:12 [Message] fib_1618 -> Chat: but much of that is from the compression in teh TSX venture data
2013-09-18 18:00:25 [Message] fib_1618 -> Chat: the volume lines are SCREAMING higher
2013-09-18 18:00:35 [Message] fib_1618 -> Chat: the A/D lines are also tagging along
2013-09-18 18:00:37 [Message] fib_1618 -> Chat: for now
2013-09-18 18:00:41 [Message] fib_1618 -> Chat: long and strong
2013-09-18 18:00:52 [Message] fib_1618 -> Chat: and just remain disciplined
2013-09-18 18:01:07 [Message] fib_1618 -> Chat: and we'll try to pick out the strongest sectors to look at over the weekend tomorrow
2013-09-18 18:01:09 [Message] fib_1618 -> Chat: anything else?
2013-09-18 18:01:24 [Message] fib_1618 -> Chat: BTW
2013-09-18 18:01:29 [Message] fib_1618 -> Chat: the DAX is at new all time highs now
2013-09-18 18:01:36 [Message] thespookyone -> Chat: special time here-once in a lifetime
2013-09-18 18:01:50 [Message] fib_1618 -> Chat: but the FTSE is lagging
2013-09-18 18:01:54 [Message] fib_1618 -> Chat: could be
2013-09-18 18:02:07 [Message] fib_1618 -> Chat: but let's keep focused
2013-09-18 18:02:14 [Message] fib_1618 -> Chat: and not allow our emotion get involved here
2013-09-18 18:02:17 [Message] thespookyone -> Chat: will do
2013-09-18 18:02:35 [Message] fib_1618 -> Chat: OK...sorry about the hurky jerky of today's chat
2013-09-18 18:02:39 [Message] thespookyone -> Chat: just that the evidence is piling up
2013-09-18 18:02:46 [Message] fib_1618 -> Chat: it should be smoother tomorrow
2013-09-18 18:02:59 [Message] fib_1618 -> Chat: the blueprint is what it is until....it isn't [wink]
2013-09-18 18:03:10 [Message] fib_1618 -> Chat: OK...I'm going to take off
2013-09-18 18:03:17 [Message] fib_1618 -> Chat: everyone have a great evening
2013-09-18 18:03:23 [Message] thespookyone -> Chat: thx much, great chat!
2013-09-18 18:03:27 [Message] fib_1618 -> Chat: and we'll see what's going on 22 hours from now
2013-09-18 18:03:29 [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

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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