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Posts: 4,885
Reply with quote  #1 
2013-09-25 15:59:56 [Message] fib_1618 -> Chat: good day
2013-09-25 15:59:59 [Message] fib_1618 -> Chat: how is everyone?
2013-09-25 16:00:48 [Message] thespookyone -> Chat: Well, thx.
2013-09-25 16:01:33 [Message] fib_1618 -> Chat: seems like its been ages since our last chat
2013-09-25 16:02:03 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2013-09-25 16:06:16 [Message] fib_1618 -> Chat: OK...let's get DP up and get started
2013-09-25 16:06:52 [Message] fib_1618 -> Chat: after moving to 52 week highs last week
2013-09-25 16:07:10 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO has now snapped all the way back to its zero line
2013-09-25 16:07:29 [Message] fib_1618 -> Chat: where we now have balance between buyers and sellers on a short term trending basis
2013-09-25 16:07:59 [Message] fib_1618 -> Chat: this quick move back to the zero line has also slowed the rate of ascent in the NYSE CO breadth MCSUM
2013-09-25 16:08:20 [Message] fib_1618 -> Chat: and its now up against its natural resistance point of +500 with today's reading coming with a +487
2013-09-25 16:08:54 [Message] fib_1618 -> Chat: looking at the components here
2013-09-25 16:09:04 [Message] fib_1618 -> Chat: and we see that we remain in a bullish crossover configuration
2013-09-25 16:09:22 [Message] fib_1618 -> Chat: and that the 10% Trend has now testing support of the longer term 5% Trend
2013-09-25 16:09:31 [Message] fib_1618 -> Chat: between this test and the zero line test of the MCO
2013-09-25 16:09:41 [Message] fib_1618 -> Chat: we should get a technical bounce as soon as Thursday
2013-09-25 16:10:34 [Message] fib_1618 -> Chat: where we'll also see if the bulls can push things above this same +500 resistance point on the MCSUM or not
2013-09-25 16:10:52 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2013-09-25 16:11:00 [Message] fib_1618 -> Chat: and we have a small point change this evening
2013-09-25 16:11:24 [Message] fib_1618 -> Chat: so let's expect a dramatic move in the major market averages in the next two trading sessions
2013-09-25 16:11:51 [Message] fib_1618 -> Chat: and unlike the CO MCO
2013-09-25 16:12:11 [Message] fib_1618 -> Chat: we still remain nicely above the zero line currently with a reading today of +17
2013-09-25 16:12:39 [Message] fib_1618 -> Chat: this would then suggest that the interest rate sensitive issues that make up the NYSE are showing better strength right now than that of the common stock issues
2013-09-25 16:13:01 [Message] fib_1618 -> Chat: this is not surprising given that the Bond CEF A/D line broke to the upside last week
2013-09-25 16:13:24 [Message] fib_1618 -> Chat: and that pushed the yield on the 10 year note to below its rising bottoms line in the process
2013-09-25 16:13:37 [Message] fib_1618 -> Chat: with the downside target there of around 2.55%
2013-09-25 16:13:59 [Message] fib_1618 -> Chat: looking at the NYSE Composite breadth MCSUM
2013-09-25 16:14:16 [Message] fib_1618 -> Chat: and we see that it did move above its natural resistance point of +250 today
2013-09-25 16:14:59 [Message] fib_1618 -> Chat: and this would then suggest, along with the zero line snapback on the CO MCO, that we should see another rally attempt on Thursday that is likely to hold a lot better than the last couple of days
2013-09-25 16:15:15 [Message] fib_1618 -> Chat: we also note that the RUT moved to new all time price highs intraday today
2013-09-25 16:15:55 [Message] fib_1618 -> Chat: so this would suggest that we're only correcting here if the theory that small caps tend to top out first before those issues that would be considered larger cap issues
2013-09-25 16:16:44 [Message] fib_1618 -> Chat: so let's look for a challenge now of the +500 level on the NYSE Composite breadth MCSUM before we're likely to see any chance of a more pronounced correction
2013-09-25 16:17:04 [Message] fib_1618 -> Chat: the NASDAQ breadth MCO continues to struggle lower
2013-09-25 16:17:13 [Message] fib_1618 -> Chat: showing very little conviction by the sellers right now
2013-09-25 16:17:45 [Message] fib_1618 -> Chat: while looking at the NASDAQ breadth MCSUM
2013-09-25 16:18:02 [Message] fib_1618 -> Chat: we see that we are currently in the process of closing our downside gap resistance zone seen on the chart
2013-09-25 16:18:14 [Message] fib_1618 -> Chat: so since we've taken care of this now
2013-09-25 16:18:36 [Message] fib_1618 -> Chat: we should see another wave of cash entering the market near term to help this MCSUM to also meet its challenge of attaining the +500 level
2013-09-25 16:19:38 [Message] fib_1618 -> Chat: the NDX breadth MCO has now sunk back below its zero line
2013-09-25 16:20:16 [Message] fib_1618 -> Chat: and this is causing an inverted ledge structure to form on the NDX breadth MCSUM at just below its natural resistance area of +1000
2013-09-25 16:20:32 [Message] fib_1618 -> Chat: and as we know about MCSUM ledges
2013-09-25 16:20:40 [Message] fib_1618 -> Chat: they tend to last only about 3-4 trading days
2013-09-25 16:20:51 [Message] fib_1618 -> Chat: and today would be day 3
2013-09-25 16:21:18 [Message] fib_1618 -> Chat: so it shouldn't be too surprising if we see an attempt to break above the +1000 level as soon as Thursday
2013-09-25 16:22:23 [Message] fib_1618 -> Chat: the SPX breadth MCO has now transverse over 120 data points to the downside since last weeks 52 week highs
2013-09-25 16:22:44 [Message] fib_1618 -> Chat: so we're due to see a technical bounce there at any time
2013-09-25 16:23:07 [Message] fib_1618 -> Chat: as we've not only gone "too far and too fast"
2013-09-25 16:23:35 [Message] fib_1618 -> Chat: but an obligatory technical snapback to or towards the zero line would be very much in order now
2013-09-25 16:24:00 [Message] fib_1618 -> Chat: but the most important thing here for now is...
2013-09-25 16:24:23 [Message] fib_1618 -> Chat: with the MCO below its zero line
2013-09-25 16:24:32 [Message] fib_1618 -> Chat: and the components remaining above theirs
2013-09-25 16:24:40 [Message] fib_1618 -> Chat: we only have corrective activity right now
2013-09-25 16:24:52 [Message] fib_1618 -> Chat: with nothing suggesting a top in the price pattern structure
2013-09-25 16:25:21 [Message] fib_1618 -> Chat: or any other dire consequences that seem to be in abundance right now in both the media and message boards alike
2013-09-25 16:25:38 [Message] fib_1618 -> Chat: in fact
2013-09-25 16:25:47 [Message] fib_1618 -> Chat: looking at both the NYA and SPX price charts
2013-09-25 16:26:02 [Message] fib_1618 -> Chat: and we have fulfilled a simple snapback now to what were the old highs seen in these charts
2013-09-25 16:26:30 [Message] fib_1618 -> Chat: take that and the latest aggressive put buying by our friendly speculators over the last couple of days
2013-09-25 16:26:45 [Message] thespookyone -> Chat: my cadre of TA doesn't include " fundamental government issues" LOL
2013-09-25 16:26:51 [Message] fib_1618 -> Chat: and we're likely to see new price highs sooner than later with this same expected bounce in the MCO's
2013-09-25 16:27:04 [Message] fib_1618 -> Chat: honestly
2013-09-25 16:27:14 [Message] fib_1618 -> Chat: I've never seen so much fundamental desperation before
2013-09-25 16:27:22 [Message] thespookyone -> Chat: nope
2013-09-25 16:27:59 [Message] fib_1618 -> Chat: the only thing that bothers me more than anything else fundamental right now is Obamacare which goes into effect next Tuesday
2013-09-25 16:28:16 [Message] fib_1618 -> Chat: not THAT is a potential killer for all things economic
2013-09-25 16:28:31 [Message] fib_1618 -> Chat: I posted a calculator on my Facebook page today
2013-09-25 16:28:44 [Message] fib_1618 -> Chat: I can not believe how much more people are going to pay here
2013-09-25 16:28:52 [Message] fib_1618 -> Chat: even with all the subsidies
2013-09-25 16:29:15 [Message] fib_1618 -> Chat: quick example
2013-09-25 16:29:36 [Message] fib_1618 -> Chat: the Government is figuring that for anyone over 50
2013-09-25 16:29:47 [Message] fib_1618 -> Chat: that their yearly health cost premium for a family of 2 will be something on par of about...
2013-09-25 16:29:50 [Message] fib_1618 -> Chat: ready for this one?
2013-09-25 16:29:59 [Message] fib_1618 -> Chat: $16,000
2013-09-25 16:30:06 [Message] fib_1618 -> Chat: now...
2013-09-25 16:30:14 [Message] fib_1618 -> Chat: I don't know about you kind folks out there
2013-09-25 16:30:34 [Message] fib_1618 -> Chat: but I used to pay about $300 a month before I dropped my insurance altogether
2013-09-25 16:30:38 [Message] fib_1618 -> Chat: that's only $3600 a year
2013-09-25 16:30:52 [Message] fib_1618 -> Chat: where in blue blazes do they get $16,000?
2013-09-25 16:31:02 [Message] thespookyone -> Chat: that had to be quite a while ago
2013-09-25 16:31:12 [Message] fib_1618 -> Chat: and that $300 was for myself and my wife
2013-09-25 16:31:16 [Message] fib_1618 -> Chat: nope
2013-09-25 16:31:30 [Message] fib_1618 -> Chat: I cancelled my insurance in late 2011
2013-09-25 16:31:42 [Message] fib_1618 -> Chat: anyway
2013-09-25 16:31:54 [Message] fib_1618 -> Chat: wait until the public has to pay
2013-09-25 16:31:58 [Message] fib_1618 -> Chat: then there will be challenges
2013-09-25 16:32:02 [Message] fib_1618 -> Chat: until then...
2013-09-25 16:32:07 [Message] thespookyone -> Chat: it quickly went to 700 right around then, lots of my friends buy it
2013-09-25 16:32:13 [Message] fib_1618 -> Chat: a month?
2013-09-25 16:32:23 [Message] thespookyone -> Chat: yes, over 50 males
2013-09-25 16:32:36 [Message] fib_1618 -> Chat: and for you and your spouse?
2013-09-25 16:32:59 [Message] thespookyone -> Chat: 300-wife works at Cleveland Clinic
2013-09-25 16:33:05 [Message] fib_1618 -> Chat: oh yea
2013-09-25 16:33:07 [Message] fib_1618 -> Chat: forgot
2013-09-25 16:33:19 [Message] fib_1618 -> Chat: but I'm just going to pay the penalty
2013-09-25 16:33:23 [Message] thespookyone -> Chat: seems fair [smile]
2013-09-25 16:33:28 [Message] fib_1618 -> Chat: and if something happens, I'll claim hardship
2013-09-25 16:33:36 [Message] thespookyone -> Chat: I mean the 300
2013-09-25 16:33:47 [Message] fib_1618 -> Chat: I have no problems
2013-09-25 16:33:53 [Message] fib_1618 -> Chat: and if you have no problems
2013-09-25 16:34:01 [Message] fib_1618 -> Chat: YOU will pay for those who do have problems
2013-09-25 16:34:22 [Message] fib_1618 -> Chat: I still don't understand why this travesty is still going through
2013-09-25 16:34:26 [Message] thespookyone -> Chat: my daughter works at university hospital-and pays twice what we do
2013-09-25 16:34:37 [Message] fib_1618 -> Chat: so much for discounts, huh?
2013-09-25 16:34:44 [Message] thespookyone -> Chat: yep
2013-09-25 16:34:53 [Message] fib_1618 -> Chat: the whole thing is screwy
2013-09-25 16:35:01 [Message] fib_1618 -> Chat: OK...back to work
2013-09-25 16:35:11 [Message] thespookyone -> Chat: from what you are saying though-it may still look like one LOL
2013-09-25 16:35:26 [Message] fib_1618 -> Chat: the OEX breadth MCO also moved back below its zero line as well
2013-09-25 16:35:31 [Message] fib_1618 -> Chat: and like the SPX
2013-09-25 16:35:42 [Message] fib_1618 -> Chat: we should see a technical bounce there as well in the next couple of days
2013-09-25 16:36:19 [Message] fib_1618 -> Chat: and the Dow breadth MCO now has a reading of -34
2013-09-25 16:36:39 [Message] fib_1618 -> Chat: after being around +125 the last time we met
2013-09-25 16:36:59 [Message] fib_1618 -> Chat: in all cases we have two things to consider here
2013-09-25 16:37:32 [Message] fib_1618 -> Chat: first is that any time we move without texture in either direction it shows a lack of control by that side
2013-09-25 16:37:35 [Message] fib_1618 -> Chat: in this case
2013-09-25 16:37:45 [Message] fib_1618 -> Chat: the bears haven't had real control of things here
2013-09-25 16:38:03 [Message] fib_1618 -> Chat: and much of this slack is more due to a lack of buying than any real selling
2013-09-25 16:38:20 [Message] fib_1618 -> Chat: and this is why prices have only given back around 2% or so during this time
2013-09-25 16:38:26 [Message] fib_1618 -> Chat: and the second thing here is that much of the selling here has pretty much been segregated with the large caps
2013-09-25 16:38:42 [Message] fib_1618 -> Chat: those of issues of value
2013-09-25 16:38:55 [Message] fib_1618 -> Chat: in lieu of those issues that have growth potential
2013-09-25 16:39:05 [Message] fib_1618 -> Chat: and this should show up in the MID and SML
2013-09-25 16:39:11 [Message] fib_1618 -> Chat: so let's move on
2013-09-25 16:39:31 [Message] fib_1618 -> Chat: and we do see that, yes, the MID breadth MCO is holding right at its zero line
2013-09-25 16:40:02 [Message] fib_1618 -> Chat: showing a lesser amount of amplitude in this retracement in its MCO
2013-09-25 16:40:26 [Message] fib_1618 -> Chat: being that we've been at the MCO zero line for the last 2-3 days
2013-09-25 16:40:37 [Message] fib_1618 -> Chat: has also moved the MID breadth MCSUM net sideways with a slight bullish bias
2013-09-25 16:40:45 [Message] fib_1618 -> Chat: but also note
2013-09-25 16:41:03 [Message] fib_1618 -> Chat: that we're moving in this sideways movement at ABOVE the important +500 level
2013-09-25 16:41:25 [Message] fib_1618 -> Chat: so any kind of strength from here will likely show an upside acceleration in this MCSUM
2013-09-25 16:41:27 [Message] fib_1618 -> Chat: and with it
2013-09-25 16:41:37 [Message] fib_1618 -> Chat: prices will likely follow in this same direction
2013-09-25 16:42:06 [Message] fib_1618 -> Chat: also of note here is the small point change tonight in the MID breadth MCO
2013-09-25 16:43:59 [Message] fib_1618 -> Chat: as well as the MID components remain in a crossover buy right now
2013-09-25 16:44:05 [Message] fib_1618 -> Chat: and like the NYSE data
2013-09-25 16:44:10 [Message] fib_1618 -> Chat: are due for a bounce as well
2013-09-25 16:44:31 [Message] fib_1618 -> Chat: the SML breadth MCO continues to show the most amount of strength here
2013-09-25 16:44:48 [Message] fib_1618 -> Chat: though with today's reading of +19
2013-09-25 16:45:04 [Message] fib_1618 -> Chat: it did break below the recent reaction lows of 2 weeks ago
2013-09-25 16:45:38 [Message] fib_1618 -> Chat: but here you have your answer on why the SML and the RUT continue to hang around the price levels of last week better than the majority of other indices right now
2013-09-25 16:46:00 [Message] fib_1618 -> Chat: and looking at the SML breadth MCSUM
2013-09-25 16:46:18 [Message] fib_1618 -> Chat: we see that it too is now in the final process of closing its MCSUM gap resistance zone
2013-09-25 16:46:24 [Message] fib_1618 -> Chat: and once filled
2013-09-25 16:46:33 [Message] fib_1618 -> Chat: we should continue to see higher highs in this MCSUM
2013-09-25 16:46:53 [Message] fib_1618 -> Chat: given that we are now comfortably above the +500 level with a reading today of +572
2013-09-25 16:47:25 [Message] fib_1618 -> Chat: the expectation here is for a challenge of the +750 level which will be the sellers next opportunity to state their case
2013-09-25 16:48:06 [Message] fib_1618 -> Chat: and the TM breadth MCO continued to sag lower today
2013-09-25 16:48:16 [Message] fib_1618 -> Chat: but when we look at the TM breadth MCSUM
2013-09-25 16:48:30 [Message] fib_1618 -> Chat: and put ruler to monitor between the last highs on the chart
2013-09-25 16:48:49 [Message] fib_1618 -> Chat: we see that today's reading of +285 not only moved above the +250 level
2013-09-25 16:49:13 [Message] fib_1618 -> Chat: but it settled at just below the declining tops line that can be extended between these same MCSUM tops seen on the chart
2013-09-25 16:49:25 [Message] fib_1618 -> Chat: and as we have seen many times in the past
2013-09-25 16:49:47 [Message] fib_1618 -> Chat: any violation of a trendline like this can produce explosive results when it comes to prices
2013-09-25 16:49:51 [Message] fib_1618 -> Chat: so....
2013-09-25 16:50:34 [Message] fib_1618 -> Chat: pretty much all of the "overbought" extremes we saw last week that climaxed with the Fed Statement have now been relieved
2013-09-25 16:50:52 [Message] fib_1618 -> Chat: and now the bulls will begin to belly up to the bar and see if they can get any takers
2013-09-25 16:50:59 [Message] fib_1618 -> Chat: if they do
2013-09-25 16:51:25 [Message] fib_1618 -> Chat: then we could see new price highs in many of the major market indices in the next couple of days
2013-09-25 16:51:35 [Message] fib_1618 -> Chat: moving to the volume McClellan's
2013-09-25 16:52:00 [Message] fib_1618 -> Chat: and the CO NYSE volume MCO is moving in sync with its breadth cousin
2013-09-25 16:52:22 [Message] fib_1618 -> Chat: as it currently resides at just below its zero line with a -9 reading
2013-09-25 16:52:27 [Message] fib_1618 -> Chat: so a snapback is due there
2013-09-25 16:52:51 [Message] fib_1618 -> Chat: we also note the inverted ledge formation on the CO NYSE volume MCSUM as well
2013-09-25 16:53:12 [Message] fib_1618 -> Chat: so we should see a technical try to move up and out of this pattern as soon as Thursday
2013-09-25 16:53:37 [Message] fib_1618 -> Chat: small point change as well on the NYSE Composite volume MCO
2013-09-25 16:53:53 [Message] fib_1618 -> Chat: but note here that today's reading is below the zero line
2013-09-25 16:54:19 [Message] fib_1618 -> Chat: suggesting that there has been a little more down volume of late compared to that of deceasing liquidity
2013-09-25 16:54:29 [Message] fib_1618 -> Chat: and we should see this when we get to the Open 10 as it should be close to being "oversold" now
2013-09-25 16:54:42 [Message] fib_1618 -> Chat: note here again
2013-09-25 16:54:57 [Message] fib_1618 -> Chat: how the NYSE volume MCSUM is finding it hard going to get above the +500 level
2013-09-25 16:55:09 [Message] fib_1618 -> Chat: how does the market know this time after time? who knows
2013-09-25 16:55:32 [Message] fib_1618 -> Chat: small point change as well on the NASDAQ volume MCO
2013-09-25 16:56:06 [Message] fib_1618 -> Chat: but we're showing little in the way of problems with the NASDAQ volume MCSUM as it continues to plow higher
2013-09-25 16:56:21 [Message] fib_1618 -> Chat: as it now has a reading of +1076
2013-09-25 16:56:36 [Message] fib_1618 -> Chat: putting it within spitting distance of its 52 week highs as well
2013-09-25 16:56:54 [Message] fib_1618 -> Chat: for the NASDAQ
2013-09-25 16:56:59 [Message] fib_1618 -> Chat: more than any other index out there
2013-09-25 16:57:11 [Message] fib_1618 -> Chat: as long as the trend of volume remains ample
2013-09-25 16:57:19 [Message] fib_1618 -> Chat: prices are just going to continue rising
2013-09-25 16:57:43 [Message] fib_1618 -> Chat: and there's nothing out there that can be said that will change this
2013-09-25 16:57:50 [Message] fib_1618 -> Chat: in fact
2013-09-25 16:58:04 [Message] fib_1618 -> Chat: any negativism towards the NASDAQ has been far and in between of late
2013-09-25 16:58:28 [Message] fib_1618 -> Chat: as most folks are paying better attention to the large caps...the names that everyone knows
2013-09-25 16:58:50 [Message] fib_1618 -> Chat: and this keeps the majority from recognizing the real trend
2013-09-25 16:59:27 [Message] fib_1618 -> Chat: the NDX volume data looks pretty much the same as it parent, the NASDAQ
2013-09-25 17:00:05 [Message] fib_1618 -> Chat: but the SPX, OEX and Dow volume data continues to see the most amount of non commitment by both sides right now
2013-09-25 17:00:28 [Message] fib_1618 -> Chat: as money evidently continues to support issues of growth than they would of value
2013-09-25 17:00:51 [Message] fib_1618 -> Chat: nice bounce off the zero line today on the MID volume MCO
2013-09-25 17:01:15 [Message] fib_1618 -> Chat: and this has pushed the MID volume MCSUM to higher highs
2013-09-25 17:01:23 [Message] fib_1618 -> Chat: and on its way to the +500 level
2013-09-25 17:01:54 [Message] fib_1618 -> Chat: small point change on the SML volume MCO
2013-09-25 17:02:16 [Message] fib_1618 -> Chat: as the buyers and sellers battle it out on a short term trending basis
2013-09-25 17:03:12 [Message] fib_1618 -> Chat: while the SML volume MCSUM continues to push higher showing that, on balance, the bulls continue to have control of this current sequence
2013-09-25 17:03:38 [Message] fib_1618 -> Chat: and another small point change on the TM volume MCO as it continues to hug its zero line
2013-09-25 17:03:57 [Message] fib_1618 -> Chat: showing that there is a lot of indecision right now
2013-09-25 17:04:05 [Message] fib_1618 -> Chat: but clarity is right around the corner
2013-09-25 17:04:07 [Message] fib_1618 -> Chat: so...
2013-09-25 17:04:31 [Message] fib_1618 -> Chat: both the breadth and volume McClellan data are in sync right now
2013-09-25 17:04:43 [Message] fib_1618 -> Chat: with the sellers not showing too much effort so far
2013-09-25 17:04:56 [Message] fib_1618 -> Chat: and kind of looking around for the next excuse to sell off
2013-09-25 17:05:09 [Message] fib_1618 -> Chat: but time isn't their ally here
2013-09-25 17:05:28 [Message] fib_1618 -> Chat: and we should begin to see a nice technical bounce as soon as Thursday
2013-09-25 17:05:32 [Message] fib_1618 -> Chat: moving to the volume oscillators
2013-09-25 17:06:19 [Message] fib_1618 -> Chat: and we see that we have moved to minimally "oversold" now on the STVO...with the exception of the NDX which is now neutral
2013-09-25 17:06:30 [Message] fib_1618 -> Chat: and we did this in a matter of a couple of days
2013-09-25 17:06:45 [Message] fib_1618 -> Chat: so a nice bit of "correcting on the fly" here
2013-09-25 17:07:19 [Message] fib_1618 -> Chat: and the VTO's are now in a position of suggesting that a strong uptrend is now developing
2013-09-25 17:07:36 [Message] fib_1618 -> Chat: all we need is a little more STVO weakness
2013-09-25 17:07:55 [Message] fib_1618 -> Chat: and that should get the VTO's to somewhere in between neutral and being "overbought
2013-09-25 17:08:02 [Message] fib_1618 -> Chat: moving to the TRIN
2013-09-25 17:08:15 [Message] fib_1618 -> Chat: NYSE TRIN at 1.07
2013-09-25 17:08:28 [Message] fib_1618 -> Chat: Open 10 at 1.38?!?!?
2013-09-25 17:08:31 [Message] fib_1618 -> Chat: WOW!
2013-09-25 17:08:46 [Message] fib_1618 -> Chat: would appear that we're locking in a solid low here
2013-09-25 17:09:18 [Message] fib_1618 -> Chat: and when we move to the next chart that shows the 3 year TRIN data
2013-09-25 17:09:33 [Message] fib_1618 -> Chat: you can see the past times in which we got this low in the NYSE Open 10 and what it meant to the price action
2013-09-25 17:09:53 [Message] fib_1618 -> Chat: and more importantly
2013-09-25 17:10:07 [Message] fib_1618 -> Chat: what it doesn't show is that the market broke down because of such high Open 10 numbers
2013-09-25 17:10:30 [Message] fib_1618 -> Chat: so when you see someone point to this out as being somehow problematic
2013-09-25 17:10:52 [Message] fib_1618 -> Chat: you might want to show this chart to them and then ask them to maybe re-evaluate their opinion
2013-09-25 17:11:13 [Message] fib_1618 -> Chat: NASDAQ TRIN at .62
2013-09-25 17:11:23 [Message] fib_1618 -> Chat: Open 10 at .93
2013-09-25 17:11:32 [Message] fib_1618 -> Chat: and that's after being "overbought  last week
2013-09-25 17:11:37 [Message] fib_1618 -> Chat: in fact
2013-09-25 17:11:50 [Message] fib_1618 -> Chat: we were "overbought" on the NYSE Open 10 as well
2013-09-25 17:11:57 [Message] fib_1618 -> Chat: talk about popping a bubble!
2013-09-25 17:12:16 [Message] fib_1618 -> Chat: TM TRIN at .75
2013-09-25 17:12:25 [Message] fib_1618 -> Chat: Open 10 at 1.08
2013-09-25 17:12:31 [Message] fib_1618 -> Chat: so we're "oversold" there as well
2013-09-25 17:12:39 [Message] fib_1618 -> Chat: and remember
2013-09-25 17:12:50 [Message] fib_1618 -> Chat: when we get as "oversold" as we are right now on the NYSE
2013-09-25 17:13:20 [Message] fib_1618 -> Chat: it makes it practicably impossible for the sellers to do much more than an intraday decline
2013-09-25 17:13:26 [Message] fib_1618 -> Chat: sort of like today's action
2013-09-25 17:13:37 [Message] fib_1618 -> Chat: as they tried to push the market down
2013-09-25 17:13:40 [Message] fib_1618 -> Chat: we then popped up
2013-09-25 17:13:43 [Message] fib_1618 -> Chat: tried again
2013-09-25 17:13:46 [Message] fib_1618 -> Chat: popped up
2013-09-25 17:13:53 [Message] fib_1618 -> Chat: and then tried to do it again at the close
2013-09-25 17:14:03 [Message] fib_1618 -> Chat: and were kind of successful because...time ran out
2013-09-25 17:14:09 [Message] fib_1618 -> Chat: so...
2013-09-25 17:14:35 [Message] fib_1618 -> Chat: we've had a nice correctional sequence over the last couple of days to work off the initial breadth thrusts of last week
2013-09-25 17:14:54 [Message] fib_1618 -> Chat: many indicators are now showing that not only are we ready to have a technical bounce here
2013-09-25 17:15:09 [Message] fib_1618 -> Chat: but with the NYSE Open 10 as deeply "oversold" as it is right now
2013-09-25 17:15:24 [Message] fib_1618 -> Chat: the rush to buy may be overwhelming over the next couple of days
2013-09-25 17:15:31 [Message] fib_1618 -> Chat: let me check the future
2013-09-25 17:15:49 [Message] fib_1618 -> Chat: Dow up 35
2013-09-25 17:16:05 [Message] fib_1618 -> Chat: this may be one of these build ups that we've seen happen over night
2013-09-25 17:16:23 [Message] fib_1618 -> Chat: and open the cash market here with an upside gap to relieve the compression
2013-09-25 17:16:36 [Message] fib_1618 -> Chat: let me take a look at the BETS
2013-09-25 17:17:35 [Message] fib_1618 -> Chat: +50
2013-09-25 17:17:50 [Message] fib_1618 -> Chat: "accumulate with a bullish bias"
2013-09-25 17:17:58 [Message] fib_1618 -> Chat: which also means
2013-09-25 17:18:05 [Message] fib_1618 -> Chat: you can loosen your stop losses now
2013-09-25 17:18:11 [Message] fib_1618 -> Chat: we'll see how it settles on Friday
2013-09-25 17:18:15 [Message] fib_1618 -> Chat: anything else?
2013-09-25 17:18:25 [Message] thespookyone -> Chat: thx
2013-09-25 17:19:50 [Message] fib_1618 -> Chat: so far
2013-09-25 17:19:58 [Message] fib_1618 -> Chat: everything looks healthy
2013-09-25 17:20:12 [Message] fib_1618 -> Chat: and we're still looking for a potential top somewhere in mid October
2013-09-25 17:20:21 [Message] fib_1618 -> Chat: near term though
2013-09-25 17:20:52 [Message] fib_1618 -> Chat: the buyers will need to flex their collective muscles now and push through all of these 250 multiple resistance areas on the MCSUM's
2013-09-25 17:21:12 [Message] fib_1618 -> Chat: but the Open 10 says it's just a matter of a spark
2013-09-25 17:21:22 [Message] fib_1618 -> Chat: wonder what it will be?
2013-09-25 17:23:13 [Message] thespookyone -> Chat: announcement of AAPL contract with Cinatell?....
2013-09-25 17:23:22 [Message] fib_1618 -> Chat: [smile]
2013-09-25 17:23:25 [Message] thespookyone -> Chat: ChinaTell
2013-09-25 17:23:46 [Message] fib_1618 -> Chat: I keep waiting for Apple to buy Facebook [smile]
2013-09-25 17:23:57 [Message] thespookyone -> Chat: OH MAN!
2013-09-25 17:23:59 [Message] fib_1618 -> Chat: speaking of which
2013-09-25 17:24:04 [Message] fib_1618 -> Chat: Facebook is at all time highs
2013-09-25 17:24:12 [Message] fib_1618 -> Chat: I saw 48 on the tape this morning
2013-09-25 17:24:20 [Message] thespookyone -> Chat: I'm holding FB calls
2013-09-25 17:24:30 [Message] fib_1618 -> Chat: closed at 49.46
2013-09-25 17:24:44 [Message] fib_1618 -> Chat: is mom kicking you for getting out at 33?
2013-09-25 17:24:58 [Message] thespookyone -> Chat: no, she doesn't remember
2013-09-25 17:25:01 [Message] fib_1618 -> Chat: lol
2013-09-25 17:25:04 [Message] thespookyone -> Chat: LOL
2013-09-25 17:25:19 [Message] fib_1618 -> Chat: no...she just isn't checking the newspaper!
2013-09-25 17:25:27 [Message] thespookyone -> Chat: true
2013-09-25 17:25:39 [Message] fib_1618 -> Chat: or over your shoulder [wink]
2013-09-25 17:25:41 [Message] fib_1618 -> Chat: [smile]
2013-09-25 17:25:48 [Message] fib_1618 -> Chat: OK...if there's nothing else
2013-09-25 17:25:52 [Message] fib_1618 -> Chat: I'm going to get a move on
2013-09-25 17:26:03 [Message] fib_1618 -> Chat: remember we have our usual date on Thursday
2013-09-25 17:26:08 [Message] fib_1618 -> Chat: and until then...
2013-09-25 17:26:15 [Message] fib_1618 -> Chat: everyone have a great evening
2013-09-25 17:26:31 [Message] fib_1618 -> Chat: and we'll see if the technicals were right or not 22 hours from now
2013-09-25 17:26:33 [Message] fib_1618 -> Chat: good night
2013-09-25 17:26:34 [Message] ErlcD -> Chat: Thanks

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