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fib_1618

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Reply with quote  #1 
Note: This is last Tuesday's chat.

2008-09-23 19:00:38 [Message] fib_1618 -> Main Room: good day
2008-09-23 19:00:43 [Message] fib_1618 -> Main Room: how is everyone?
2008-09-23 19:01:17 [Message] TradeMark -> Main Room: Adequate
2008-09-23 19:01:20 [Message] TradeMark -> Main Room: And you?
2008-09-23 19:01:59 [Message] fib_1618 -> Main Room: "sub prime"
2008-09-23 19:02:31 [Message] TradeMark -> Main Room: I was listening to Ben and Hank today talking to Senators
2008-09-23 19:02:40 [Message] fib_1618 -> Main Room: and...
2008-09-23 19:02:52 [Message] TradeMark -> Main Room: Makes you sad
2008-09-23 19:03:00 [Message] fib_1618 -> Main Room: it does...doesn't it?
2008-09-23 19:03:12 [Message] TradeMark -> Main Room: Not so much ben and hank, but senators
2008-09-23 19:03:31 [Message] fib_1618 -> Main Room: you mean the very folks who created this?
2008-09-23 19:03:40 [Message] TradeMark -> Main Room: Yes
2008-09-23 19:04:04 [Message] fib_1618 -> Main Room: as I've said countless times before...ALL roads lead to Congress
2008-09-23 19:04:44 [Message] fib_1618 -> Main Room: the problem now is how much of this will directly affect the technical condition of the markets?
2008-09-23 19:05:12 [Message] TradeMark -> Main Room: did you notice oracle of Omaha, invested a chunk in GS? He did not do it by buying toxic waste debt
2008-09-23 19:05:25 [Message] fib_1618 -> Main Room: nope...at least that's his story
2008-09-23 19:05:56 [Message] fib_1618 -> Main Room: and it was ONLY 5 billion
2008-09-23 19:06:15 [Message] TradeMark -> Main Room: Got preferred stock, at 10%, probably bunch of other stuff, have not seen details
2008-09-23 19:06:20 [Message] fib_1618 -> Main Room: the other problem here is the "fear factor"
2008-09-23 19:06:43 [Message] fib_1618 -> Main Room: quite an "other shoe"
2008-09-23 19:07:18 [Message] fib_1618 -> Main Room: for me...I've kind of lost interest in the whole thing
2008-09-23 19:07:48 [Message] TradeMark -> Main Room: So, how do we make money tomorrow?
2008-09-23 19:07:53 [Message] fib_1618 -> Main Room: don't know
2008-09-23 19:08:00 [Message] fib_1618 -> Main Room: I really don't
2008-09-23 19:08:01 [Message] TradeMark -> Main Room: darn
2008-09-23 19:08:25 [Message] fib_1618 -> Main Room: there's too much "what if's" now
2008-09-23 19:08:45 [Message] fib_1618 -> Main Room: I don't know if any analysis will be useful
2008-09-23 19:08:49 [Message] mojave -> Main Room: lotta 'after hour' folks saying buffet formed a bottom...
2008-09-23 19:08:58 [Message] mojave -> Main Room: dow futs up 128, sp +16.6
2008-09-23 19:09:03 [Message] mojave -> Main Room: silly
2008-09-23 19:09:14 [Message] fib_1618 -> Main Room: the same ones who believed this to be the case after last weeks multiple interventions?
2008-09-23 19:09:27 [Message] mojave -> Main Room: everyone looking for the bottom
2008-09-23 19:09:34 [Message] fib_1618 -> Main Room: that's the problem
2008-09-23 19:09:47 [Message] TradeMark -> Main Room: Good opportunity to short the open maybe
2008-09-23 19:09:57 [Message] fib_1618 -> Main Room: same reasoning after they cut off the shorts last week
2008-09-23 19:10:01 [Message] fib_1618 -> Main Room: good that did
2008-09-23 19:10:36 [Message] fib_1618 -> Main Room: just goes to show that the markets are way bigger than the government
2008-09-23 19:10:47 [Message] fib_1618 -> Main Room: Doc! how are you!?!?
2008-09-23 19:10:57 [Message] Doc -> Main Room: Hello all, alive!
2008-09-23 19:11:07 [Message] fib_1618 -> Main Room: good...was worried there for a while
2008-09-23 19:11:17 [Message] fib_1618 -> Main Room: I sent you a personal note and it came back to me
2008-09-23 19:11:27 [Message] Doc -> Main Room: Got by with family and home OK, many tree limbs down, but still no power at home
2008-09-23 19:11:43 [Message] fib_1618 -> Main Room: and you guys were lucky
2008-09-23 19:11:53 [Message] Doc -> Main Room: Thanks for the kind thoughts.
2008-09-23 19:12:46 [Message] Doc -> Main Room: It she had come in 30 miles further west, Galveston would have been under water with up to 20000 people at risk
2008-09-23 19:13:04 [Message] fib_1618 -> Main Room: I was watching the web cam at the wall
2008-09-23 19:13:12 [Message] mojave -> Main Room: bolivar didn't fair too well
2008-09-23 19:13:22 [Message] Doc -> Main Room: 40% did not evacuate!
2008-09-23 19:13:22 [Message] fib_1618 -> Main Room: amazing beauty...sadly
2008-09-23 19:13:28 [Message] fib_1618 -> Main Room: I heard
2008-09-23 19:13:36 [Message] fib_1618 -> Main Room: and saw...
2008-09-23 19:14:06 [Message] fib_1618 -> Main Room: the good side is that the odds are with you now that you won't see something like this again for a while
2008-09-23 19:14:21 [Message] Doc -> Main Room: Every 25 years or so
2008-09-23 19:14:23 [Message] fib_1618 -> Main Room: OK...what do you folks want to talk about?
2008-09-23 19:14:42 [Message] TradeMark -> Main Room: how about Market of Stocks
2008-09-23 19:14:48 [Message] Doc -> Main Room: Are the bullish divergences good enough for a higher market?
2008-09-23 19:14:50 [Message] fib_1618 -> Main Room: OK...you start
2008-09-23 19:15:07 [Message] TradeMark -> Main Room: well let's all open dp
2008-09-23 19:15:16 [Message] fib_1618 -> Main Room: after listening to these buffoons in DC, I've had quite enough
2008-09-23 19:15:31 [Message] fib_1618 -> Main Room: they're not doing anything
2008-09-23 19:15:37 [Message] fib_1618 -> Main Room: they can't do anything
2008-09-23 19:15:49 [Message] Doc -> Main Room: market doesn't like indecision
2008-09-23 19:15:52 [Message] mojave -> Main Room: reflexive, news-driven mkt... mkt appears to want the bailout
2008-09-23 19:16:00 [Message] mojave -> Main Room: wants to move forward
2008-09-23 19:16:21 [Message] fib_1618 -> Main Room: a bailout won't work longer term it's too big a problem
2008-09-23 19:16:51 [Message] fib_1618 -> Main Room: the key here is confidence
2008-09-23 19:16:57 [Message] fib_1618 -> Main Room: and there isn't any
2008-09-23 19:17:07 [Message] fib_1618 -> Main Room: so...the default is in charge
2008-09-23 19:17:33 [Message] fib_1618 -> Main Room: now...if you want, we can review the internals here
2008-09-23 19:17:34 [Message] mojave -> Main Room: besides the bailout indecision, we go into earnings in Oct, and election....
2008-09-23 19:17:42 [Message] mojave -> Main Room: plenty 'out there'
2008-09-23 19:17:43 [Message] fib_1618 -> Main Room: ah yes...the election
2008-09-23 19:18:00 [Message] fib_1618 -> Main Room: what do you think might happen if the we get a tie?
2008-09-23 19:18:20 [Message] mojave -> Main Room: exactly, seems close
2008-09-23 19:18:26 [Message] fib_1618 -> Main Room: it is
2008-09-23 19:18:38 [Message] fib_1618 -> Main Room: was reading a piece from the Washington Times that may be of interest - http://tinyurl.com/4hu9a3
2008-09-23 19:19:01 [Message] mojave -> Main Room: it's an 'us and them' nation already: blue vs red, wall st vs main st...
2008-09-23 19:19:22 [Message] TradeMark -> Main Room: CO mco headed further south from near 0. MCSUM stuck on inverse shelf at resistance at -200. Expect a bounce in mco back or toward 0 soon.....unless world ends.
2008-09-23 19:19:49 [Message] TradeMark -> Main Room: Well, I started....
2008-09-23 19:19:53 [Message] fib_1618 -> Main Room: go on TM...
2008-09-23 19:21:03 [Message] bill -> Main Room: MCO finding support again at -25
2008-09-23 19:21:30 [Message] TradeMark -> Main Room: Both CO components below 0....expect a bounce to or toward 0 of components....unless world ends......which it could....
2008-09-23 19:22:02 [Message] mojave -> Main Room: 2 down days, due for an up day
2008-09-23 19:22:16 [Message] TradeMark -> Main Room: bounce here and now....or test last weeks lows very soon.
2008-09-23 19:23:03 [Message] Doc -> Main Room: eyeballing it, looks like a 50% retrace of last Thurs-Fri rally complete now
2008-09-23 19:23:53 [Message] TradeMark -> Main Room: could be that is it, Doc....
2008-09-23 19:25:19 [Message] TradeMark -> Main Room: NYSE composite not so good as CO.
2008-09-23 19:25:24 [Message] Doc -> Main Room: Big divergence between the common only and NYSE, eh
2008-09-23 19:25:46 [Message] Doc -> Main Room: interest rate sensitive issues taking it on the chin
2008-09-23 19:25:55 [Message] fib_1618 -> Main Room: yes...sell signal there
2008-09-23 19:26:13 [Message] TradeMark -> Main Room: NYSE looks all in gear for more downside, not support in sight
2008-09-23 19:26:26 [Message] Doc -> Main Room: not liking the new flag on the nyse mco
2008-09-23 19:26:32 [Message] fib_1618 -> Main Room: http://www.technicalwatch.com/ad08/breadthtnx091908.gif
2008-09-23 19:26:43 [Message] Doc -> Main Room: are there new downside projections, Fib?
2008-09-23 19:26:52 [Message] fib_1618 -> Main Room: on the NYA?
2008-09-23 19:27:06 [Message] Doc -> Main Room: yes
2008-09-23 19:27:29 [Message] fib_1618 -> Main Room: let me go to the 3 year chart
2008-09-23 19:28:09 [Message] fib_1618 -> Main Room: the fall of 2005 price lows seems doable
2008-09-23 19:28:24 [Message] fib_1618 -> Main Room: the key though is the flag of last summer (2007)
2008-09-23 19:28:40 [Message] fib_1618 -> Main Room: here's a couple of things to consider
2008-09-23 19:29:01 [Message] fib_1618 -> Main Room: if we move to the Dow, OEX, and SPX breadth MCO's
2008-09-23 19:29:13 [Message] fib_1618 -> Main Room: you will note that we are now challenging last weeks spike lows
2008-09-23 19:29:26 [Message] fib_1618 -> Main Room: what the bulls don't want to happen now is to see lower lows
2008-09-23 19:30:13 [Message] fib_1618 -> Main Room: as lower lows, with the congested MCSUM's, would give the bears the best opportunity to finish off any idea of a higher trend from the 2002 lows
2008-09-23 19:30:54 [Message] fib_1618 -> Main Room: you can already see that the Dow has taken out last weeks lows already
2008-09-23 19:31:29 [Message] fib_1618 -> Main Room: bottom line...all the excess liquidity in the market is not having the desired effect
2008-09-23 19:31:47 [Message] fib_1618 -> Main Room: it's going to areas in which need shoring up
2008-09-23 19:32:17 [Message] fib_1618 -> Main Room: sort of like putting up a multitude of 2 x 6's to hold up a fence in the face of hurricane winds
2008-09-23 19:32:58 [Message] fib_1618 -> Main Room: to be sure...things have changed dramatically now
2008-09-23 19:33:27 [Message] fib_1618 -> Main Room: to a point in which it may take many years to right the ship
2008-09-23 19:33:41 [Message] fib_1618 -> Main Room: maybe by my saying this we're at a bottom
2008-09-23 19:33:55 [Message] Doc -> Main Room:
2008-09-23 19:34:04 [Message] fib_1618 -> Main Room: but I do try my best to remain as neutral as possible
2008-09-23 19:34:19 [Message] fib_1618 -> Main Room: then again, I am human as well
2008-09-23 19:34:55 [Message] fib_1618 -> Main Room: I remember saying once or twice how our business "fell off a cliff" at the end of June
2008-09-23 19:35:12 [Message] fib_1618 -> Main Room: where our business tends to lead the market by about 3 months
2008-09-23 19:35:18 [Message] fib_1618 -> Main Room: and here we are
2008-09-23 19:35:44 [Message] TradeMark -> Main Room: How was LV show? Any pick up?
2008-09-23 19:35:56 [Message] fib_1618 -> Main Room: well...
2008-09-23 19:36:07 [Message] fib_1618 -> Main Room: interestingly...
2008-09-23 19:36:14 [Message] fib_1618 -> Main Room: while the market was gyrating, we had our best show since prior to 9/11
2008-09-23 19:36:51 [Message] fib_1618 -> Main Room: paper at the show was at a premium
2008-09-23 19:37:03 [Message] TradeMark -> Main Room: YE rally? maybe?
2008-09-23 19:37:09 [Message] fib_1618 -> Main Room: so, in this area, I guess we had the right products at the right time
2008-09-23 19:37:30 [Message] fib_1618 -> Main Room: well...could be
2008-09-23 19:38:01 [Message] fib_1618 -> Main Room: one thing that should be a good thing is that we finally had a budget in California pass today with higher income taxes
2008-09-23 19:38:37 [Message] fib_1618 -> Main Room: but it didn't correct the bigger problem
2008-09-23 19:38:47 [Message] fib_1618 -> Main Room: anyway...
2008-09-23 19:39:59 [Message] fib_1618 -> Main Room: so...this is what we should be watching now - the MCSUM's
2008-09-23 19:40:12 [Message] TradeMark -> Main Room: NASDAQ pretty ugalee as well.....like NYA but potential bull divergence on MCO....some hope to cling to.
2008-09-23 19:40:23 [Message] fib_1618 -> Main Room: we can't make money on hope
2008-09-23 19:40:43 [Message] TradeMark -> Main Room: MCSUM for NASDAQ ugly as well.
2008-09-23 19:40:55 [Message] fib_1618 -> Main Room: and I can't hope that the powers that be will do the things that need to be done to get us in a more stable situation
2008-09-23 19:41:04 [Message] fib_1618 -> Main Room: no one can
2008-09-23 19:41:20 [Message] fib_1618 -> Main Room: so...better to either step aside, or play the downside
2008-09-23 19:41:34 [Message] fib_1618 -> Main Room: everything is whacked out
2008-09-23 19:41:43 [Message] TradeMark -> Main Room: I was on travel last week and trying to short the open last Friday. But internet connection so bad in hotel, I could not get the trade off...... boo..... left a bundle on the carpet on that mess.
2008-09-23 19:42:14 [Message] fib_1618 -> Main Room: I learned my lesson long ago about trading on the road...will never do it
2008-09-23 19:42:46 [Message] TradeMark -> Main Room: I am not seeing anything good about NYA or NASDAQ internals....Fib what your take?
2008-09-23 19:43:30 [Message] fib_1618 -> Main Room: take...the money and run?
2008-09-23 19:43:40 [Message] fib_1618 -> Main Room: now...the volume data isn't so bad here
2008-09-23 19:43:43 [Message] TradeMark -> Main Room: that's clear
2008-09-23 19:43:59 [Message] fib_1618 -> Main Room: but I just don't like the feel of things right now
2008-09-23 19:44:08 [Message] fib_1618 -> Main Room: better put...I don't have a feel of things
2008-09-23 19:44:24 [Message] mojave -> Main Room: intraday trades w/ the flow, but bulls maybe need a couple lowry's 90% up days
2008-09-23 19:44:26 [Message] fib_1618 -> Main Room: the market is very chaotic right now
2008-09-23 19:44:37 [Message] fib_1618 -> Main Room: the bulls need a better foundation
2008-09-23 19:44:55 [Message] Doc -> Main Room: A turn around in breadth tomorrow could find support at the -500 level for the NYA breadth mcsum
2008-09-23 19:45:00 [Message] fib_1618 -> Main Room: and with the breadth MCSUM's just now starting to breakdown, it doesn't look very promising
2008-09-23 19:45:29 [Message] fib_1618 -> Main Room: there's just too much "overhead resistance"
2008-09-23 19:45:44 [Message] fib_1618 -> Main Room: sorry to be in a funk today
2008-09-23 19:46:09 [Message] fib_1618 -> Main Room: kind of wondering if these sessions might continue to be useful
2008-09-23 19:46:21 [Message] mojave -> Main Room: wonder what a washout would look like?
2008-09-23 19:46:25 [Message] Doc -> Main Room: i think they are
2008-09-23 19:46:29 [Message] TradeMark -> Main Room: NDX a little brighter with rising bottoms on MCO....but that about it
2008-09-23 19:46:32 [Message] Doc -> Main Room: useful that is
2008-09-23 19:46:40 [Message] TradeMark -> Main Room: Agree Doc, useful
2008-09-23 19:47:06 [Message] mojave -> Main Room: senators kept asking paulson, bernanke 'how bad is it?' - but nobody wants to say...
2008-09-23 19:47:08 [Message] fib_1618 -> Main Room: can TA be useful if the patient is in intensive care?
2008-09-23 19:47:16 [Message] fib_1618 -> Main Room: they know
2008-09-23 19:47:23 [Message] fib_1618 -> Main Room: they ALL know
2008-09-23 19:47:34 [Message] mojave -> Main Room: I think we all do...
2008-09-23 19:47:50 [Message] fib_1618 -> Main Room: if I may...there is one main thing here that needs to be understood once and for all
2008-09-23 19:47:54 [Message] mojave -> Main Room: how to 'clear it' ?
2008-09-23 19:48:05 [Message] fib_1618 -> Main Room: socialism does NOT work
2008-09-23 19:48:19 [Message] TradeMark -> Main Room: I have been using TA and find it useful. even in this market
2008-09-23 19:48:42 [Message] mojave -> Main Room: intraday swings have been workable
2008-09-23 19:48:48 [Message] fib_1618 -> Main Room: in one weeks time we have lost our sovereignty - market wise, government wise, and country
2008-09-23 19:49:19 [Message] mojave -> Main Room: how bad would it be if they let it go then? can anybody really say?
2008-09-23 19:49:32 [Message] fib_1618 -> Main Room: TA's very basis is based on the foundation of independent trading
2008-09-23 19:49:43 [Message] TradeMark -> Main Room: Been making great calls with help of TA,,,,,getting trades off, another story
2008-09-23 19:50:15 [Message] fib_1618 -> Main Room: if the body of people take control of this independence, you lose the game
2008-09-23 19:50:51 [Message] fib_1618 -> Main Room: is your reference of great calls using TA in the area of the leaning default of the market?
2008-09-23 19:51:04 [Message] Doc -> Main Room: open 10s very strange, Fib. Please take a peak.
2008-09-23 19:51:09 [Message] fib_1618 -> Main Room: sure
2008-09-23 19:51:19 [Message] TradeMark -> Main Room: don't understand question....??
2008-09-23 19:51:48 [Message] fib_1618 -> Main Room: have you been making money on the downside or upside?
2008-09-23 19:51:57 [Message] fib_1618 -> Main Room: and Doc...nothing strange there
2008-09-23 19:52:01 [Message] TradeMark -> Main Room: Both, mostly short side
2008-09-23 19:52:27 [Message] fib_1618 -> Main Room: it's easy making money in the direction of the default - especially when there's nothing combating it
2008-09-23 19:52:37 [Message] fib_1618 -> Main Room: the Open 10's are "overbought"
2008-09-23 19:52:39 [Message] mojave -> Main Room: lotta short covering I believe (open 10)
2008-09-23 19:52:43 [Message] TradeMark -> Main Room: Yes, easier on short side
2008-09-23 19:52:56 [Message] fib_1618 -> Main Room: I would agree mojave
2008-09-23 19:53:01 [Message] fib_1618 -> Main Room: which would mean
2008-09-23 19:53:06 [Message] fib_1618 -> Main Room: no new players here
2008-09-23 19:53:08 [Message] Doc -> Main Room: more so than in the past year
2008-09-23 19:53:22 [Message] mojave -> Main Room: well, record-setting volume on those days last week
2008-09-23 19:53:24 [Message] fib_1618 -> Main Room: yes, the bulls seem to be in real trouble now
2008-09-23 19:53:37 [Message] fib_1618 -> Main Room: which could be part of a climax
2008-09-23 19:53:49 [Message] fib_1618 -> Main Room: or it could be quadruple witching having an effect
2008-09-23 19:54:06 [Message] mojave -> Main Room: but also added to the upside vol that went into open 10
2008-09-23 19:54:11 [Message] mojave -> Main Room: imo
2008-09-23 19:54:12 [Message] fib_1618 -> Main Room: which, in that case, there was a great amount of inventory to be distributed
2008-09-23 19:54:29 [Message] fib_1618 -> Main Room: I wouldn't disagree
2008-09-23 19:54:52 [Message] fib_1618 -> Main Room: at this point...we have lost the rhythm of the market
2008-09-23 19:55:04 [Message] fib_1618 -> Main Room: it's going to take some time to get it back
2008-09-23 19:55:29 [Message] fib_1618 -> Main Room: until then...it's probably better to play things day to day
2008-09-23 19:56:19 [Message] mojave -> Main Room: I wouldn't mind if congress (in their tradition) failed to act
2008-09-23 19:56:27 [Message] fib_1618 -> Main Room: unfortunately
2008-09-23 19:56:34 [Message] mojave -> Main Room: and we get a whoosh, set off a few circuit breakers
2008-09-23 19:56:42 [Message] fib_1618 -> Main Room: they have to do something...and fast...elections are less than 45 days away
2008-09-23 19:56:43 [Message] mojave -> Main Room: which btw we never did get to last week
2008-09-23 19:56:52 [Message] mojave -> Main Room: let some panic set in
2008-09-23 19:57:03 [Message] fib_1618 -> Main Room: I think there's enough panic, thank you
2008-09-23 19:57:29 [Message] mojave -> Main Room: as long as the gov't is going to take over
2008-09-23 19:57:29 [Message] fib_1618 -> Main Room: what did the VIX get to last week? 38?
2008-09-23 19:57:35 [Message] fib_1618 -> Main Room: are they?
2008-09-23 19:57:38 [Message] fib_1618 -> Main Room: and then what?
2008-09-23 19:57:40 [Message] Doc -> Main Room: the spx ATR is higher than its been in the last 10 year, except for the blowoff top in March 2000
2008-09-23 19:57:46 [Message] mojave -> Main Room: let the mkt clear a bit more naturally
2008-09-23 19:58:13 [Message] fib_1618 -> Main Room: the only way that would happen is if the Congress steps aside and rescinds the bailouts
2008-09-23 19:58:22 [Message] fib_1618 -> Main Room: they can't now
2008-09-23 19:58:25 [Message] fib_1618 -> Main Room: they are committed
2008-09-23 19:58:31 [Message] fib_1618 -> Main Room: we're ALL committed
2008-09-23 19:58:43 [Message] fib_1618 -> Main Room: and I might add
2008-09-23 19:59:02 [Message] fib_1618 -> Main Room: we've been put there by folks who were NOT elected
2008-09-23 19:59:10 [Message] fib_1618 -> Main Room: and without debate
2008-09-23 19:59:19 [Message] fib_1618 -> Main Room: "take it or leave it"
2008-09-23 19:59:26 [Message] fib_1618 -> Main Room: and we're all to blame
2008-09-23 19:59:45 [Message] mojave -> Main Room: mortgage brokers? home appraisers? NAR economists? Greenspan's praise of "financial innovation"?
2008-09-23 20:00:15 [Message] mojave -> Main Room: the 'ownership society' whether you can afford to own or not...
2008-09-23 20:00:16 [Message] fib_1618 -> Main Room: Greenspan's continuing warnings to Congress to take care of the problem?
2008-09-23 20:00:30 [Message] fib_1618 -> Main Room: which fell on deaf ears for 20 years
2008-09-23 20:00:46 [Message] TradeMark -> Main Room: SPX similar ugly story. MCO needs to bounce here and now or more down side to test last weeks low. MCSUM stuck on inverse shelf.
2008-09-23 20:01:03 [Message] fib_1618 -> Main Room: and before that...
2008-09-23 20:01:31 [Message] fib_1618 -> Main Room: "a fine mess we've gotten ourselves into"
2008-09-23 20:01:50 [Message] fib_1618 -> Main Room: people allowed to borrow with no income verification or citizenship
2008-09-23 20:02:13 [Message] fib_1618 -> Main Room: creating derivatives to be used as IOU's
2008-09-23 20:02:24 [Message] mojave -> Main Room: seems like a real purge is the only solution, but we're afraid to go there
2008-09-23 20:02:34 [Message] fib_1618 -> Main Room: allowing managers to go without supervision
2008-09-23 20:02:41 [Message] TradeMark -> Main Room: OEX, same story as SPX....needs to bounce here and now.....or look out below
2008-09-23 20:02:49 [Message] fib_1618 -> Main Room: it's what every bear has been wanting to happen
2008-09-23 20:03:14 [Message] fib_1618 -> Main Room: whether they can handle that reality or not....
2008-09-23 20:03:27 [Message] fib_1618 -> Main Room: but...we've seen this before
2008-09-23 20:03:47 [Message] mojave -> Main Room: leverage caused the big one too
2008-09-23 20:03:49 [Message] fib_1618 -> Main Room: funny though, how we're always doomed to repeat our best intentions
2008-09-23 20:03:58 [Message] fib_1618 -> Main Room: yes...many times
2008-09-23 20:04:18 [Message] fib_1618 -> Main Room: it's never been a case of deregulation
2008-09-23 20:04:40 [Message] fib_1618 -> Main Room: it's been a situation of greasing palms along the way
2008-09-23 20:05:09 [Message] fib_1618 -> Main Room: so now they're saying we should go back to the days of "alphabet soup"
2008-09-23 20:05:27 [Message] fib_1618 -> Main Room: they have no idea of what they're doing
2008-09-23 20:05:33 [Message] fib_1618 -> Main Room: or how to solve it
2008-09-23 20:05:49 [Message] mojave -> Main Room: nobody follows the regulations already in place, why create new ones?
2008-09-23 20:05:53 [Message] fib_1618 -> Main Room: but I do have to give credit to the Paulson and Ben for at least coming up with a stop gap plan
2008-09-23 20:06:04 [Message] fib_1618 -> Main Room: that would be correct
2008-09-23 20:06:17 [Message] fib_1618 -> Main Room: it's all a matter of responsibility
2008-09-23 20:06:27 [Message] TradeMark -> Main Room: Same story DOW.....
2008-09-23 20:06:34 [Message] fib_1618 -> Main Room: but we've lost that in the last 30 or so years
2008-09-23 20:06:52 [Message] fib_1618 -> Main Room: thanks for keeping on track TM
2008-09-23 20:07:36 [Message] fib_1618 -> Main Room: I really wonder how many people in the US really understand what happened last week?
2008-09-23 20:08:00 [Message] fib_1618 -> Main Room: and if they do...do they care?
2008-09-23 20:08:15 [Message] TradeMark -> Main Room: Not many understand, at all
2008-09-23 20:08:28 [Message] fib_1618 -> Main Room: they just do what they are told
2008-09-23 20:08:36 [Message] bill -> Main Room: i was more optimistic before stopping by...maybe slope of hope...but govt did the same thing during great depression and capitalism still lives
2008-09-23 20:08:38 [Message] TradeMark -> Main Room: I am keeping trucking on parallel thread
2008-09-23 20:08:51 [Message] fib_1618 -> Main Room: to a point, I agree bill
2008-09-23 20:08:59 [Message] fib_1618 -> Main Room: but there's a difference between social capitalism, and forced social capitalism
2008-09-23 20:09:50 [Message] fib_1618 -> Main Room: and you know me...I'm always optimistic
2008-09-23 20:10:05 [Message] bill -> Main Room: thats why I'm scared
2008-09-23 20:10:17 [Message] fib_1618 -> Main Room: the taking away of shorting the market is what really got to me on Thursday
2008-09-23 20:10:33 [Message] fib_1618 -> Main Room: this is bordering now on Marxism
2008-09-23 20:10:48 [Message] fib_1618 -> Main Room: "the peoples money"
2008-09-23 20:11:03 [Message] fib_1618 -> Main Room: it makes us no different than those in Europe
2008-09-23 20:11:12 [Message] fib_1618 -> Main Room: we have lost our sovereignty
2008-09-23 20:11:21 [Message] fib_1618 -> Main Room: our borders
2008-09-23 20:11:27 [Message] fib_1618 -> Main Room: our culture
2008-09-23 20:11:31 [Message] hiker -> Main Room: shorting the market via futures has even more attraction now
2008-09-23 20:11:36 [Message] fib_1618 -> Main Room: agreed
2008-09-23 20:11:48 [Message] fib_1618 -> Main Room:
2008-09-23 20:11:48 [Message] mojave -> Main Room: what's next? capital / currency controls?
2008-09-23 20:12:02 [Message] fib_1618 -> Main Room: I have no idea what these dunderheads are thinking
2008-09-23 20:12:09 [Message] fib_1618 -> Main Room: the problem here
2008-09-23 20:12:19 [Message] bill -> Main Room: agreed with all the points...but they did it during great depression and it doesn't have the intended affect
2008-09-23 20:12:36 [Message] fib_1618 -> Main Room: is that with congressional oversight...just who is experienced enough to do this?
2008-09-23 20:13:07 [Message] fib_1618 -> Main Room: yes...and ended with a World War
2008-09-23 20:13:14 [Message] fib_1618 -> Main Room: as with most times when things like this happen
2008-09-23 20:13:24 [Message] fib_1618 -> Main Room: it's the ONLY way to get out of these kind of situations
2008-09-23 20:13:32 [Message] mojave -> Main Room: already at war, don't need any more of that
2008-09-23 20:13:38 [Message] fib_1618 -> Main Room: what war?
2008-09-23 20:13:51 [Message] fib_1618 -> Main Room: OK...how about this?
2008-09-23 20:13:55 [Message] mojave -> Main Room: 'the long war' it's been called
2008-09-23 20:14:18 [Message] fib_1618 -> Main Room: how many would call last week a kind of...Financial terrorism?
2008-09-23 20:14:29 [Message] fib_1618 -> Main Room: how about this?
2008-09-23 20:14:49 [Message] fib_1618 -> Main Room: how about hedge funds with our destruction in mind helping the process along after taking away the uptick rule?
2008-09-23 20:15:11 [Message] TradeMark -> Main Room: Some sliver of hope on SML in that MCSUM above 0 and bouncing off 0....but needs to rally here, and now, or down we go
2008-09-23 20:15:39 [Message] fib_1618 -> Main Room: and then rubbing salt into the wound with a daily barrage of media hype?
2008-09-23 20:16:25 [Message] TradeMark -> Main Room: Not sure up tick rule means much when you can trade in penny increment or fraction thereof
2008-09-23 20:16:50 [Message] mojave -> Main Room: it's been called a red herring many times, easy to get around
2008-09-23 20:17:46 [Message] fib_1618 -> Main Room: this is true
2008-09-23 20:17:57 [Message] mojave -> Main Room: pay up for a 100, then sell 100,000
2008-09-23 20:17:59 [Message] fib_1618 -> Main Room: probably coincidental
2008-09-23 20:18:23 [Message] fib_1618 -> Main Room: in any event
2008-09-23 20:18:50 [Message] fib_1618 -> Main Room: the biggest problem right now - market wise - is that the internals are not showing a constant
2008-09-23 20:19:05 [Message] fib_1618 -> Main Room: it's confused
2008-09-23 20:19:10 [Message] TradeMark -> Main Room: TM same story, need to make stand here and now,,,, or look out below. There.....I did all the breadth MCOs....... Yea,
2008-09-23 20:19:26 [Message] Doc -> Main Room: reacting to news or lack of news day to day
2008-09-23 20:19:36 [Message] fib_1618 -> Main Room: and now it's not going to take much more waiting
2008-09-23 20:19:58 [Message] fib_1618 -> Main Room: and when the market is trading on news, it's hard to analyze
2008-09-23 20:20:10 [Message] fib_1618 -> Main Room: Open 10's are "overbought"
2008-09-23 20:20:21 [Message] Doc -> Main Room: no floor
2008-09-23 20:20:23 [Message] TradeMark -> Main Room: Thanks for the help, Fib
2008-09-23 20:20:27 [Message] fib_1618 -> Main Room: MCSUM's are either "oversold" or just breaking down
2008-09-23 20:20:37 [Message] fib_1618 -> Main Room: we are out of sync again
2008-09-23 20:20:51 [Message] TradeMark -> Main Room: How about volume oscillators Fib?
2008-09-23 20:20:58 [Message] fib_1618 -> Main Room: one day - "yeah" - the next - "nay"
2008-09-23 20:21:04 [Message] fib_1618 -> Main Room: let me look
2008-09-23 20:21:05 [Message] mojave -> Main Room: PVI's overbought too
2008-09-23 20:21:36 [Message] fib_1618 -> Main Room: dead neutral
2008-09-23 20:21:38 [Message] Doc -> Main Room: small caps holding up with low interest rates and lack of exposure to financial problems facing big companies
2008-09-23 20:21:52 [Message] fib_1618 -> Main Room: holding up because of the liquidity factor
2008-09-23 20:22:06 [Message] fib_1618 -> Main Room: if we can get over this hump, we should be OK for several months
2008-09-23 20:22:31 [Message] fib_1618 -> Main Room: now...everything we have talked about today usually signifies a MAJOR bottom
2008-09-23 20:22:52 [Message] TradeMark -> Main Room: What hump?? Don't see the hump
2008-09-23 20:22:59 [Message] fib_1618 -> Main Room: and all it would take is the "perception" that things will be worked out
2008-09-23 20:23:21 [Message] fib_1618 -> Main Room: the problem though is that we have no impending leadership ahead of us
2008-09-23 20:23:38 [Message] TradeMark -> Main Room: Oh, that hump....perception hump?
2008-09-23 20:23:47 [Message] fib_1618 -> Main Room: and just this latest debacle is causing even a bigger riff between sides
2008-09-23 20:24:07 [Message] fib_1618 -> Main Room: if we come up with a Presidential tie...oh boy
2008-09-23 20:24:29 [Message] fib_1618 -> Main Room: now...I won't go into historical comparisons
2008-09-23 20:24:48 [Message] Doc -> Main Room: what do you think about xlf internals?
2008-09-23 20:24:54 [Message] mojave -> Main Room: ITBMs and ITVMs still bullish divergence across the board, could see upside reversals
2008-09-23 20:25:07 [Message] fib_1618 -> Main Room: but I will say that the next 2-4 months we be the most important times we've had in the US in a long, long time
2008-09-23 20:25:17 [Message] fib_1618 -> Main Room: I will look Doc
2008-09-23 20:25:40 [Message] fib_1618 -> Main Room: XLF is hanging in there
2008-09-23 20:26:01 [Message] fib_1618 -> Main Room: and why not, the worse of these products have been governmentalized
2008-09-23 20:26:04 [Message] Doc -> Main Room: 20 to 23 down to 17, up to 24, down to 20, wow
2008-09-23 20:26:22 [Message] fib_1618 -> Main Room: interesting times
2008-09-23 20:26:46 [Message] fib_1618 -> Main Room: suffice it to say...
2008-09-23 20:26:57 [Message] fib_1618 -> Main Room: don't watch what Washington does or says
2008-09-23 20:27:03 [Message] fib_1618 -> Main Room: watch how money reacts
2008-09-23 20:27:22 [Message] fib_1618 -> Main Room: I have played devil's advocate today
2008-09-23 20:27:37 [Message] fib_1618 -> Main Room: because of the larger importance in all of this
2008-09-23 20:28:13 [Message] fib_1618 -> Main Room: on the other hand
2008-09-23 20:28:49 [Message] fib_1618 -> Main Room: it has been this same liquidity factor that has keep the Dow 3000 points higher than the last time our existence as a world leader has been questioned
2008-09-23 20:29:37 [Message] fib_1618 -> Main Room: however...the next 2 weeks will tell the tale
2008-09-23 20:29:43 [Message] fib_1618 -> Main Room: do or die
2008-09-23 20:30:14 [Message] fib_1618 -> Main Room: stop gap or not, we'll have to see how things work themselves out
2008-09-23 20:30:25 [Message] Doc -> Main Room: thanks, Fib.
2008-09-23 20:30:26 [Message] fib_1618 -> Main Room: if they are allowed to do so
2008-09-23 20:30:54 [Message] fib_1618 -> Main Room: well...I don't know if thanks are in order or not
2008-09-23 20:31:08 [Message] Doc -> Main Room: good night
2008-09-23 20:31:13 [Message] fib_1618 -> Main Room: but...it is always darkest before the dawn
2008-09-23 20:31:17 [Message] Doc -> Main Room: sure they are
2008-09-23 20:31:26 [Message] fib_1618 -> Main Room: everyone have a good night, and good trading
2008-09-23 20:31:27 [Message] Doc -> Main Room: thanks that is
2008-09-23 20:31:33 [Message] TradeMark -> Main Room: We appreciate this forum....thanks
2008-09-23 20:31:37 [Message] fib_1618 -> Main Room: good night
2008-09-23 20:31:59 [Message] bill -> Main Room: i think we rally 2 days and you are in a better mood Thursday...and thanks as always
2008-09-23 20:34:11 [Message] mojave -> Main Room: apologies to those who feel I distracted from chart discussion
2008-09-23 20:35:36 [Message] mojave -> Main Room: didn't seem there was too much new there... but maybe soon




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