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fib_1618

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Posts: 4,458
Reply with quote  #1 
2014-09-25 16:00:57 [Message] fib_1618 -> Chat: good day
2014-09-25 16:01:01 [Message] fib_1618 -> Chat: how is everyone?
2014-09-25 16:02:06 [Message] unc1998 -> Chat: doing fine...hope you are
2014-09-25 16:02:11 [Message] hawk5734 -> Chat: great...hope your day is also
2014-09-25 16:02:21 [Message] rite01 -> Chat: Great and congrats on your go to cash call Sunday
2014-09-25 16:02:55 [Message] fib_1618 -> Chat: thanks...but it was the market that made the switch...I just followed along [smile]
2014-09-25 16:03:19 [Message] fib_1618 -> Chat: and I'm doing fine, thanks for asking
2014-09-25 16:03:35 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2014-09-25 16:03:42 [Message] unc1998 -> Chat: loaded up on spy puts yesterday, so I will be having a steak dinner this weekend [smile]
2014-09-25 16:03:57 [Message] fib_1618 -> Chat: Congratulations!
2014-09-25 16:04:02 [Message] fib_1618 -> Chat: that's super news!
2014-09-25 16:04:07 [Message] unc1998 -> Chat: thx!
2014-09-25 16:04:14 [Message] fib_1618 -> Chat: did you cover?
2014-09-25 16:04:28 [Message] unc1998 -> Chat: half...still holding the other half
2014-09-25 16:04:38 [Message] fib_1618 -> Chat: near month...daily??
2014-09-25 16:04:49 [Message] unc1998 -> Chat: oct
2014-09-25 16:04:55 [Message] unc1998 -> Chat: week 5
2014-09-25 16:05:08 [Message] fib_1618 -> Chat: OK...so you have another couple of days before time decay starts to work against you
2014-09-25 16:05:14 [Message] unc1998 -> Chat: i don't have the guts to trade the near week options lol
2014-09-25 16:05:18 [Message] fib_1618 -> Chat: nicely timed and done!!
2014-09-25 16:05:24 [Message] fib_1618 -> Chat: you shouldn't
2014-09-25 16:05:55 [Message] fib_1618 -> Chat: time is your biggest enemy or ally in options
2014-09-25 16:06:09 [Message] fib_1618 -> Chat: when you're younger
2014-09-25 16:06:17 [Message] fib_1618 -> Chat: you tend to go for the jugular
2014-09-25 16:06:24 [Message] rite01 -> Chat: Yes congratulations Unc...  Fib I have 2 quick questions?
2014-09-25 16:06:28 [Message] fib_1618 -> Chat: and go way out of the money on the near month
2014-09-25 16:06:50 [Message] fib_1618 -> Chat: and then you learn, after losing all your money, that this is not the way to use this product
2014-09-25 16:06:59 [Message] fib_1618 -> Chat: go ahead Mike...fire away
2014-09-25 16:07:45 [Message] rite01 -> Chat: Yesterday was a outside range day and signaling a buy for today right?
2014-09-25 16:08:59 [Message] fib_1618 -> Chat: which index?
2014-09-25 16:09:12 [Message] rite01 -> Chat: Spx
2014-09-25 16:09:37 [Message] fib_1618 -> Chat: yes
2014-09-25 16:09:41 [Message] fib_1618 -> Chat: but
2014-09-25 16:09:53 [Message] fib_1618 -> Chat: range day's are "trend change" indicators
2014-09-25 16:10:00 [Message] fib_1618 -> Chat: was there a trend before the outside range?
2014-09-25 16:10:51 [Message] rite01 -> Chat: yes the previous 3 days were down
2014-09-25 16:11:00 [Message] fib_1618 -> Chat: do three days make a trend?
2014-09-25 16:11:15 [Message] fib_1618 -> Chat: [smile]
2014-09-25 16:11:39 [Message] rite01 -> Chat: I thought the last 3 days were the trend to go by
2014-09-25 16:11:40 [Message] fib_1618 -> Chat: looking at the daily chart
2014-09-25 16:11:58 [Message] fib_1618 -> Chat: there were only 2 down days after the rally failure on Friday
2014-09-25 16:12:11 [Message] fib_1618 -> Chat: much of trading has a lot to do with time context
2014-09-25 16:12:18 [Message] rite01 -> Chat: Oh OK my mistake
2014-09-25 16:12:20 [Message] fib_1618 -> Chat: if you're trading on the hourly chart
2014-09-25 16:12:23 [Message] fib_1618 -> Chat: not a mistake
2014-09-25 16:12:28 [Message] fib_1618 -> Chat: just a misinterpretation
2014-09-25 16:12:37 [Message] fib_1618 -> Chat: if you're trading hourly
2014-09-25 16:12:47 [Message] fib_1618 -> Chat: one could say you had a trend of 2 days to the downside
2014-09-25 16:12:55 [Message] fib_1618 -> Chat: so let's do this
2014-09-25 16:13:05 [Message] fib_1618 -> Chat: how do YOU define a "trend"
2014-09-25 16:13:31 [Message] fib_1618 -> Chat: and anyone can chime in on this question
2014-09-25 16:13:35 [Message] rite01 -> Chat: well since I'm more of a more ST trader
2014-09-25 16:13:53 [Message] fib_1618 -> Chat: doesn't matter what time period
2014-09-25 16:14:02 [Message] fib_1618 -> Chat: your definition of a trend must be consistent through all time periods
2014-09-25 16:14:19 [Message] fib_1618 -> Chat: here's my definition
2014-09-25 16:14:35 [Message] rite01 -> Chat: The ST trend was up
2014-09-25 16:14:37 [Message] fib_1618 -> Chat: a "trend" begins when you have a bottom above bottom or a top beneath a top
2014-09-25 16:15:02 [Message] fib_1618 -> Chat: if you don't have either one of these trend components, you're trading sideways, consolidating, pausing
2014-09-25 16:15:11 [Message] fib_1618 -> Chat: so...on the daily
2014-09-25 16:15:30 [Message] fib_1618 -> Chat: from which you were looking for a higher close because of Wednesday's outside range
2014-09-25 16:15:43 [Message] fib_1618 -> Chat: were the prior two days "trending"?
2014-09-25 16:15:59 [Message] fib_1618 -> Chat: again..we're talking daily time period
2014-09-25 16:16:11 [Message] fib_1618 -> Chat: based on the definition given
2014-09-25 16:16:14 [Message] fib_1618 -> Chat: the answer would be no
2014-09-25 16:16:17 [Message] rite01 -> Chat: they were down days not sure about trending
2014-09-25 16:16:22 [Message] fib_1618 -> Chat: correct
2014-09-25 16:16:30 [Message] fib_1618 -> Chat: you did not have a top beneath a top
2014-09-25 16:16:32 [Message] fib_1618 -> Chat: now
2014-09-25 16:16:34 [Message] fib_1618 -> Chat: today
2014-09-25 16:16:56 [Message] fib_1618 -> Chat: with the market topping on Friday
2014-09-25 16:17:04 [Message] fib_1618 -> Chat: and Monday and Tuesday were down
2014-09-25 16:17:14 [Message] fib_1618 -> Chat: Wednesday saw our expected reflex rally
2014-09-25 16:17:22 [Message] fib_1618 -> Chat: and today we made a lower price low
2014-09-25 16:17:30 [Message] fib_1618 -> Chat: so under the same definition
2014-09-25 16:17:32 [Message] fib_1618 -> Chat: NOW...we're trending
2014-09-25 16:18:01 [Message] fib_1618 -> Chat: all Wednesday was
2014-09-25 16:18:12 [Message] fib_1618 -> Chat: was a reflex rally from an "oversold" market
2014-09-25 16:18:30 [Message] fib_1618 -> Chat: which was expected to happen by today
2014-09-25 16:18:36 [Message] rite01 -> Chat:   Right
2014-09-25 16:18:43 [Message] fib_1618 -> Chat: this bounce also came with the high ISEE numbers
2014-09-25 16:18:57 [Message] fib_1618 -> Chat: where, if you looked at the data on Wednesday, it moved back to over 100
2014-09-25 16:19:10 [Message] fib_1618 -> Chat: here's the bottom line
2014-09-25 16:19:38 [Message] fib_1618 -> Chat: in technical analysis rules and guidelines must be consistent within each specific time context or they cease to be useful
2014-09-25 16:20:01 [Message] rite01 -> Chat: OK
2014-09-25 16:20:14 [Message] fib_1618 -> Chat: and your second question?
2014-09-25 16:21:27 [Message] rite01 -> Chat: Didn't the tick signal a sell at yesterday's close and then a buy at today' close or at least a idea where the open would be?
2014-09-25 16:22:42 [Message] fib_1618 -> Chat: the TICK?
2014-09-25 16:22:50 [Message] fib_1618 -> Chat: let me check again
2014-09-25 16:22:58 [Message] fib_1618 -> Chat: fine tuning things, eh? [smile]
2014-09-25 16:23:00 [Message] fib_1618 -> Chat: one moment
2014-09-25 16:23:00 [Message] rite01 -> Chat: Yes
2014-09-25 16:23:53 [Message] fib_1618 -> Chat: the bearish crossover was this morning at 10:00
2014-09-25 16:23:59 [Message] fib_1618 -> Chat: no buy signal at the close
2014-09-25 16:24:21 [Message] fib_1618 -> Chat: in fact
2014-09-25 16:24:32 [Message] fib_1618 -> Chat: looking at the close up 3 minute chart
2014-09-25 16:24:39 [Message] fib_1618 -> Chat: you had a continuation signal at the close
2014-09-25 16:25:20 [Message] fib_1618 -> Chat: here's the bottom line on that one
2014-09-25 16:25:38 [Message] fib_1618 -> Chat: the weekly indication for this week was for a down close from Friday to Friday
2014-09-25 16:25:53 [Message] fib_1618 -> Chat: we have reached this minimal objective based on the breadth data reviewed last weekend
2014-09-25 16:26:11 [Message] fib_1618 -> Chat: today's breakdown was forecasted by the lower lows on the MCO on Tuesday
2014-09-25 16:26:21 [Message] fib_1618 -> Chat: and with Friday coming tomorrow
2014-09-25 16:26:39 [Message] fib_1618 -> Chat: it's likely not at a point in which everyone has had a chance to post their positions
2014-09-25 16:26:56 [Message] fib_1618 -> Chat: one of the many merchandising "schemes" that we see in the market
2014-09-25 16:27:06 [Message] rite01 -> Chat: Well it's back to the drawing board and Since a ST investor
2014-09-25 16:27:21 [Message] fib_1618 -> Chat: is that the action is to provide enough confusion for the great majority to keep them from executing a trade
2014-09-25 16:27:30 [Message] fib_1618 -> Chat: define ST
2014-09-25 16:27:44 [Message] rite01 -> Chat: 2 to 6 weeks
2014-09-25 16:27:54 [Message] fib_1618 -> Chat: maybe semantics here
2014-09-25 16:28:09 [Message] fib_1618 -> Chat: but an "investor" is more of an intermediate trend term
2014-09-25 16:28:17 [Message] rite01 -> Chat: Or as long as
2014-09-25 16:28:21 [Message] fib_1618 -> Chat: and "trader" is more of a short term time period
2014-09-25 16:28:22 [Message] fib_1618 -> Chat: now
2014-09-25 16:28:27 [Message] fib_1618 -> Chat: everyone has their own definitions
2014-09-25 16:28:29 [Message] fib_1618 -> Chat: for me
2014-09-25 16:28:41 [Message] rite01 -> Chat: Well Yes ST
2014-09-25 16:28:45 [Message] fib_1618 -> Chat: based on what we work with in working with breadth analysis
2014-09-25 16:29:01 [Message] fib_1618 -> Chat: the MCO is a trend indicator that covers the short term trending period of 4-6 weeks
2014-09-25 16:29:27 [Message] fib_1618 -> Chat: the MCSUM is a trend indicator that covers the intermediate term trending period of 6-12 weeks
2014-09-25 16:29:40 [Message] fib_1618 -> Chat: given your questions today though
2014-09-25 16:29:59 [Message] fib_1618 -> Chat: me thinks you're trying too hard to pick up every little nuance of the price pattern
2014-09-25 16:30:11 [Message] fib_1618 -> Chat: and that's not always possible
2014-09-25 16:30:23 [Message] fib_1618 -> Chat: personal example
2014-09-25 16:30:28 [Message] fib_1618 -> Chat: I moved short on Monday
2014-09-25 16:30:38 [Message] fib_1618 -> Chat: had a nice day on Tuesday
2014-09-25 16:30:52 [Message] fib_1618 -> Chat: I decided to keep my position on Wednesday's reflex
2014-09-25 16:31:08 [Message] rite01 -> Chat: Congratulations  I know just trying to learn as much as I can and I've been in cash since Monday
2014-09-25 16:31:20 [Message] fib_1618 -> Chat: but found myself in a position in which I wound up with a small loss during the day
2014-09-25 16:31:29 [Message] fib_1618 -> Chat: that's good...glad to hear you didn't get hurt! [smile]
2014-09-25 16:31:40 [Message] fib_1618 -> Chat: but what allowed to keep the position was
2014-09-25 16:31:59 [Message] fib_1618 -> Chat: that I knew that we were likely going to have another shake out day after the reflex
2014-09-25 16:32:18 [Message] fib_1618 -> Chat: and, to be honest, it turned out to be a little more than I was looking for
2014-09-25 16:32:26 [Message] fib_1618 -> Chat: "good for me" [smile]
2014-09-25 16:32:35 [Message] rite01 -> Chat: [smile]
2014-09-25 16:32:36 [Message] fib_1618 -> Chat: but we're dealing with probabilities here
2014-09-25 16:32:55 [Message] fib_1618 -> Chat: and the odds suggested that the best position to have was to be short from Friday's settlement
2014-09-25 16:33:00 [Message] fib_1618 -> Chat: of course
2014-09-25 16:33:05 [Message] fib_1618 -> Chat: and as we talked about on Tuesday
2014-09-25 16:33:33 [Message] fib_1618 -> Chat: there are many that have now been "conditioned" to buy the market if there's no downside follow through after a 1% day
2014-09-25 16:33:41 [Message] fib_1618 -> Chat: this is what happened yesterday morning
2014-09-25 16:33:45 [Message] fib_1618 -> Chat: but we knew here in the room
2014-09-25 16:34:20 [Message] fib_1618 -> Chat: that the TRIN numbers were far too low for anything more than a one day fill on the quick decline
2014-09-25 16:34:25 [Message] fib_1618 -> Chat: and that once this was over
2014-09-25 16:34:51 [Message] fib_1618 -> Chat: the momentum of the initial thrust we saw early in the week was likely to be seen sooner than later
2014-09-25 16:34:54 [Message] fib_1618 -> Chat: now...
2014-09-25 16:35:04 [Message] fib_1618 -> Chat: I have no idea what the data is going to show tonight
2014-09-25 16:35:25 [Message] fib_1618 -> Chat: but I wouldn't be surprised, based on how the market declined today
2014-09-25 16:35:34 [Message] fib_1618 -> Chat: that we have lower MCO lows across the board
2014-09-25 16:35:48 [Message] fib_1618 -> Chat: and this is something that needs our attention
2014-09-25 16:35:50 [Message] fib_1618 -> Chat: because of this
2014-09-25 16:36:26 [Message] fib_1618 -> Chat: just like we saw a break to new lows on Monday and Tuesday telling us that the price structures were going to break the price lows seen earlier this month
2014-09-25 16:36:38 [Message] fib_1618 -> Chat: this lower low then gives us a new downside price target to work with
2014-09-25 16:36:43 [Message] fib_1618 -> Chat: and so
2014-09-25 16:36:50 [Message] fib_1618 -> Chat: you have to decide how you want to play this
2014-09-25 16:37:14 [Message] fib_1618 -> Chat: do you continue to hold whatever bearish position you have until you're stopped out or the price target is met?
2014-09-25 16:37:39 [Message] fib_1618 -> Chat: or do you try to get "too cute" by attempting to trade every nuance of this same structural pattern?
2014-09-25 16:37:51 [Message] fib_1618 -> Chat: if you're younger
2014-09-25 16:38:04 [Message] fib_1618 -> Chat: not only do you have the stomach for things like this
2014-09-25 16:38:11 [Message] fib_1618 -> Chat: but you also have time to make it all back again in case you're wrong
2014-09-25 16:38:18 [Message] fib_1618 -> Chat: not so as you get older
2014-09-25 16:38:20 [Message] rite01 -> Chat: Thanks again for taking the time to explain in detail.
2014-09-25 16:38:34 [Message] fib_1618 -> Chat: where your days of being gainfully employed are reduced
2014-09-25 16:38:55 [Message] fib_1618 -> Chat: and you have to keep what you have because you're not likely to be able to make it back again
2014-09-25 16:39:16 [Message] fib_1618 -> Chat: OK...anything else?
2014-09-25 16:39:31 [Message] fib_1618 -> Chat: thanks for the questions
2014-09-25 16:39:38 [Message] rite01 -> Chat:  No  Since I'm older just want to get my 80 plus % in the middle
2014-09-25 16:39:46 [Message] fib_1618 -> Chat: and that's fine
2014-09-25 16:39:52 [Message] fib_1618 -> Chat: but when you get older
2014-09-25 16:39:57 [Message] rite01 -> Chat: and that why I am here
2014-09-25 16:39:58 [Message] fib_1618 -> Chat: in the bigger scheme of things
2014-09-25 16:40:07 [Message] fib_1618 -> Chat: you want the market to work for YOU
2014-09-25 16:40:14 [Message] fib_1618 -> Chat: you don't want to work for the market
2014-09-25 16:40:28 [Message] fib_1618 -> Chat: this is why we all should have trading guidelines
2014-09-25 16:41:03 [Message] fib_1618 -> Chat: those that are developed, over time, that tell us when the higher probability of a successful trade lies as opposed to one that has to be constantly managed
2014-09-25 16:41:53 [Message] fib_1618 -> Chat: those who sit in front of a screen all day, and make this their living this way, are very different from those who have another "living" and just want to see their money increase in size
2014-09-25 16:42:00 [Message] fib_1618 -> Chat: you can't be both
2014-09-25 16:42:07 [Message] fib_1618 -> Chat: as one will suffer over the other
2014-09-25 16:42:23 [Message] fib_1618 -> Chat: you want the market to work for YOU
2014-09-25 16:42:28 [Message] fib_1618 -> Chat: not the other way around
2014-09-25 16:42:36 [Message] fib_1618 -> Chat: and that is why we're technicians
2014-09-25 16:42:48 [Message] fib_1618 -> Chat: because when you work with direction and momentum
2014-09-25 16:43:00 [Message] fib_1618 -> Chat: you may be early, but you'll never be late to the party
2014-09-25 16:43:11 [Message] fib_1618 -> Chat: remember
2014-09-25 16:43:18 [Message] fib_1618 -> Chat: even with the sell signal over the weekend
2014-09-25 16:43:24 [Message] fib_1618 -> Chat: with the MCSUM's as high as they are
2014-09-25 16:43:41 [Message] fib_1618 -> Chat: we could had seen one more move to new all time highs before the signal worked out
2014-09-25 16:43:42 [Message] fib_1618 -> Chat: or...
2014-09-25 16:44:12 [Message] fib_1618 -> Chat: money could had reversed sharply and blown out the caution created by the inconsistencies we've been seeing for nearly a month
2014-09-25 16:44:41 [Message] fib_1618 -> Chat: all of this is just following the guidelines we lay out, all based on the tools that we work with to provide these same signals
2014-09-25 16:44:48 [Message] fib_1618 -> Chat: with the caveat here being
2014-09-25 16:45:36 [Message] fib_1618 -> Chat: you better know what those tools are, what their basis is, and what they provide or you will find your trading account slowly drained by mistimed entry and exit points
2014-09-25 16:45:40 [Message] fib_1618 -> Chat: this is work folks
2014-09-25 16:45:48 [Message] fib_1618 -> Chat: there is nothing easy about this
2014-09-25 16:45:57 [Message] fib_1618 -> Chat: you must treat trading as a business
2014-09-25 16:46:05 [Message] fib_1618 -> Chat: because
2014-09-25 16:46:22 [Message] fib_1618 -> Chat: if your capital begins to evaporate
2014-09-25 16:46:30 [Message] fib_1618 -> Chat: you're going to be "out of business" sooner than later
2014-09-25 16:46:56 [Message] fib_1618 -> Chat: this is why we all should stress patience and discipline
2014-09-25 16:47:14 [Message] fib_1618 -> Chat: with the only person you're trying to impress is YOURSELF
2014-09-25 16:47:29 [Message] fib_1618 -> Chat: everyone and everything else is just a distraction
2014-09-25 16:47:50 [Message] fib_1618 -> Chat: there is only one opinion that matters
2014-09-25 16:47:58 [Message] fib_1618 -> Chat: and that's the direction is which money is moving
2014-09-25 16:48:12 [Message] fib_1618 -> Chat: if you get bearish divergences and such
2014-09-25 16:48:27 [Message] fib_1618 -> Chat: they really don't matter if money continues to move against these same divergences
2014-09-25 16:48:39 [Message] fib_1618 -> Chat: it's sort like a rip tide
2014-09-25 16:49:09 [Message] fib_1618 -> Chat: you're not likely to win if you try to push against the prevailing direction of the tide
2014-09-25 16:49:12 [Message] fib_1618 -> Chat: same thing here
2014-09-25 16:49:24 [Message] fib_1618 -> Chat: and like a rip tide
2014-09-25 16:49:30 [Message] fib_1618 -> Chat: if you do move against the trend
2014-09-25 16:49:42 [Message] fib_1618 -> Chat: you're likely to fail, or worse, drown trying
2014-09-25 16:49:48 [Message] fib_1618 -> Chat: sound familiar?
2014-09-25 16:49:57 [Message] fib_1618 -> Chat: OK...enough of this
2014-09-25 16:50:11 [Message] fib_1618 -> Chat: let's move on to the data and see what we have to work with
2014-09-25 16:50:20 [Message] rite01 -> Chat: Yes and thank you for the details
2014-09-25 16:50:36 [Message] fib_1618 -> Chat: as we had expected on Tuesday
2014-09-25 16:50:56 [Message] fib_1618 -> Chat: we got a one day reflex move in the NYSE CO breadth MCO on Wednesday
2014-09-25 16:51:05 [Message] fib_1618 -> Chat: and this was followed by a lower low in this MCO today
2014-09-25 16:51:22 [Message] fib_1618 -> Chat: now...if we all remember
2014-09-25 16:51:46 [Message] fib_1618 -> Chat: we saw that the NYSE CO breadth MCSUM had moved down and through its zero line on Tuesday
2014-09-25 16:51:56 [Message] fib_1618 -> Chat: showing that the balance of power had turned from positive to negative
2014-09-25 16:51:59 [Message] fib_1618 -> Chat: because of this
2014-09-25 16:52:29 [Message] fib_1618 -> Chat: it's now going to take a week or two before we'll be able to decrease the speed (MCO) of money moving out of the market
2014-09-25 16:53:05 [Message] fib_1618 -> Chat: and slow it enough to where we'll see enough sellers drop off the radar to where the buyers can, once again, push the bid back in their direction
2014-09-25 16:53:20 [Message] fib_1618 -> Chat: looking at the NYSE CO breadth MCO
2014-09-25 16:53:34 [Message] fib_1618 -> Chat: and see a strong declining trend of tops beneath tops in place
2014-09-25 16:54:59 [Message] fib_1618 -> Chat: and this is why it's going to take the better part of the next 2-3 weeks to build enough "structure" and "texture" to where we can systematically break above both the downtrend and the horizontal points in the pattern where we saw previous buyer exhaustion (spikes and such) before the sellers ramped up their control
2014-09-25 16:55:14 [Message] fib_1618 -> Chat: nothing happens quickly in the market
2014-09-25 16:55:24 [Message] fib_1618 -> Chat: though it may FEEL like it from time to time
2014-09-25 16:55:57 [Message] fib_1618 -> Chat: and this is why it's far more important to know what's going on under the hood than to see what prices are able to accomplished based on this same internal information
2014-09-25 16:56:05 [Message] fib_1618 -> Chat: take Wednesday, for example
2014-09-25 16:56:17 [Message] fib_1618 -> Chat: here we knew that we were going to have a technical bounce
2014-09-25 16:56:29 [Message] fib_1618 -> Chat: we don't really know how far it will take us
2014-09-25 16:57:06 [Message] fib_1618 -> Chat: only that the odds were high that the downside momentum generated over the prior couple of days was not likely to be sustainable
2014-09-25 16:57:13 [Message] fib_1618 -> Chat: so we got this pop
2014-09-25 16:57:22 [Message] fib_1618 -> Chat: and if you look at the CO MCO
2014-09-25 16:57:37 [Message] fib_1618 -> Chat: and then compare it with what price bar shows on the NYA
2014-09-25 16:57:59 [Message] fib_1618 -> Chat: there is no way that one can make a direct comparison (correlation) between "push and shove"
2014-09-25 16:58:48 [Message] fib_1618 -> Chat: this then also told us that much of what we saw yesterday was short covering from those who were likely burned before and were not going to take another chance in losing their capital
2014-09-25 16:58:59 [Message] fib_1618 -> Chat: that's why one or two day events like this are called "reflexes"
2014-09-25 16:59:27 [Message] fib_1618 -> Chat: sort of like when the doctor hits you on you knee and the leg reacts without your telling it too
2014-09-25 16:59:43 [Message] fib_1618 -> Chat: it doesn't mean that your body is healthy
2014-09-25 16:59:55 [Message] fib_1618 -> Chat: only that it's a reflex
2014-09-25 17:00:03 [Message] fib_1618 -> Chat: and once it's done
2014-09-25 17:00:09 [Message] fib_1618 -> Chat: you're back to where you were
2014-09-25 17:00:12 [Message] fib_1618 -> Chat: and down we went
2014-09-25 17:00:28 [Message] fib_1618 -> Chat: looking at the 10% Trend on the CO
2014-09-25 17:00:39 [Message] fib_1618 -> Chat: and we see that it has now reached the -200 level
2014-09-25 17:01:10 [Message] fib_1618 -> Chat: and this is the area in which one can suggest that all of the willing sellers have made their commitments
2014-09-25 17:01:33 [Message] fib_1618 -> Chat: and this usually takes place when the MCO itself is either in highly or deeply "oversold" territory
2014-09-25 17:01:35 [Message] fib_1618 -> Chat: as it is now
2014-09-25 17:01:53 [Message] fib_1618 -> Chat: it's also challenging the lows of last February
2014-09-25 17:01:59 [Message] fib_1618 -> Chat: and as we talked about on Tuesday
2014-09-25 17:02:10 [Message] fib_1618 -> Chat: we don't want to see this low broken
2014-09-25 17:02:32 [Message] fib_1618 -> Chat: or this will then open the door for prices to retrace all the back to these same February price lows
2014-09-25 17:02:48 [Message] fib_1618 -> Chat: now...
2014-09-25 17:03:00 [Message] fib_1618 -> Chat: what today's lower MCO low suggests to us
2014-09-25 17:03:08 [Message] fib_1618 -> Chat: and in order to be "consistent"
2014-09-25 17:03:25 [Message] fib_1618 -> Chat: is that we have now taken out the MCO lows early August
2014-09-25 17:03:31 [Message] fib_1618 -> Chat: and since breadth leads price
2014-09-25 17:04:03 [Message] fib_1618 -> Chat: then we can now work with the idea that these same price lows that came with the early August period are also likely to be broken
2014-09-25 17:04:09 [Message] fib_1618 -> Chat: and if these lows are broken
2014-09-25 17:04:17 [Message] fib_1618 -> Chat: this will then trigger our double top formation
2014-09-25 17:04:24 [Message] fib_1618 -> Chat: and if the double top formation is triggered
2014-09-25 17:04:34 [Message] fib_1618 -> Chat: than the downside price target will be...
2014-09-25 17:04:57 [Message] fib_1618 -> Chat: what did I say over the weekend?
2014-09-25 17:04:59 [Message] fib_1618 -> Chat: let me check
2014-09-25 17:05:36 [Message] fib_1618 -> Chat: 8950
2014-09-25 17:05:56 [Message] fib_1618 -> Chat: and in order for this to happen
2014-09-25 17:06:01 [Message] fib_1618 -> Chat: what will need to be done?
2014-09-25 17:06:04 [Message] fib_1618 -> Chat: yes...
2014-09-25 17:06:15 [Message] fib_1618 -> Chat: the February lows in the MCO will have to be taken out
2014-09-25 17:06:25 [Message] fib_1618 -> Chat: so it's a matter of one step at a time
2014-09-25 17:06:40 [Message] fib_1618 -> Chat: if the speed of money is swift enough
2014-09-25 17:06:53 [Message] fib_1618 -> Chat: it can break through old barriers
2014-09-25 17:07:05 [Message] fib_1618 -> Chat: just like a speeding car through a locked fence
2014-09-25 17:07:18 [Message] fib_1618 -> Chat: you may not be able to do it at 35 mph
2014-09-25 17:07:21 [Message] fib_1618 -> Chat: but at 95?
2014-09-25 17:07:24 [Message] fib_1618 -> Chat: sure
2014-09-25 17:07:35 [Message] fib_1618 -> Chat: oh...by the way
2014-09-25 17:07:45 [Message] fib_1618 -> Chat: for those who don't subscribe to the Weekly Breadth Data
2014-09-25 17:08:07 [Message] fib_1618 -> Chat: I decided to make last week's update available publicly as of today
2014-09-25 17:08:44 [Message] fib_1618 -> Chat: this way you can see the other breadth data charts and how it compliments the chat
2014-09-25 17:09:07 [Message] fib_1618 -> Chat: just go to the main message board and link is provided there
2014-09-25 17:09:16 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO
2014-09-25 17:09:44 [Message] fib_1618 -> Chat: and we see that we have another lower low there
2014-09-25 17:09:58 [Message] fib_1618 -> Chat: but this one is not as weak as the CO reading
2014-09-25 17:10:32 [Message] fib_1618 -> Chat: and it's going to take a more than just a small push from here for this MCO to move below its August lows
2014-09-25 17:10:43 [Message] fib_1618 -> Chat: given that the Composite data is the most broadly based indicator
2014-09-25 17:11:02 [Message] fib_1618 -> Chat: it is this data that we should use in making any downside price targets
2014-09-25 17:11:19 [Message] fib_1618 -> Chat: so with this in mind
2014-09-25 17:11:27 [Message] fib_1618 -> Chat: the August price lows should continue to hold here
2014-09-25 17:11:38 [Message] fib_1618 -> Chat: and if that takes place
2014-09-25 17:11:58 [Message] fib_1618 -> Chat: then we'll see our trading range magically appear for one and all to see
2014-09-25 17:12:22 [Message] fib_1618 -> Chat: looking at the NYSE breadth MCSUM
2014-09-25 17:12:31 [Message] fib_1618 -> Chat: and see that it moved down and through its zero line today
2014-09-25 17:12:39 [Message] fib_1618 -> Chat: and like we always talk about
2014-09-25 17:12:55 [Message] fib_1618 -> Chat: whenever we see the MCSUM shift from one side of strength to the other
2014-09-25 17:13:10 [Message] fib_1618 -> Chat: this is where large moves in prices will likely to be seen
2014-09-25 17:13:14 [Message] fib_1618 -> Chat: and so...today's 1.50% decline
2014-09-25 17:13:41 [Message] fib_1618 -> Chat: as intermediate control moved from the buyers to the sellers
2014-09-25 17:13:48 [Message] fib_1618 -> Chat: and if you watched the market today
2014-09-25 17:14:00 [Message] fib_1618 -> Chat: you saw this happen in real time during the morning session
2014-09-25 17:14:11 [Message] fib_1618 -> Chat: there was nothing that could support prices
2014-09-25 17:14:21 [Message] fib_1618 -> Chat: as bids were withdrawn
2014-09-25 17:14:25 [Message] fib_1618 -> Chat: simply because
2014-09-25 17:14:41 [Message] fib_1618 -> Chat: you can't have strength on recycled capital
2014-09-25 17:14:52 [Message] fib_1618 -> Chat: it takes fresh capital to move prices higher
2014-09-25 17:15:31 [Message] fib_1618 -> Chat: now notice here that the 10% Trend on the Composite MCO is still at a -149 reading
2014-09-25 17:15:58 [Message] fib_1618 -> Chat: so there's still a bit more momentum strength to the downside that could be seen before we "hammer out" a price low
2014-09-25 17:16:10 [Message] fib_1618 -> Chat: and that could take place anywhere from here to...
2014-09-25 17:16:15 [Message] fib_1618 -> Chat: the lower end of the range
2014-09-25 17:16:32 [Message] fib_1618 -> Chat: which is at around 10,600
2014-09-25 17:16:43 [Message] fib_1618 -> Chat: or another 100 plus points away from current levels
2014-09-25 17:17:01 [Message] fib_1618 -> Chat: let's also remember
2014-09-25 17:17:17 [Message] fib_1618 -> Chat: that if the NYSE Composite MCSUM doesn't find support at the -250 level
2014-09-25 17:17:47 [Message] fib_1618 -> Chat: then we're likely to see a move to the -500 up to the -750 level before this sell off eases
2014-09-25 17:18:14 [Message] fib_1618 -> Chat: and then, technically, we would be in a bear market
2014-09-25 17:18:24 [Message] fib_1618 -> Chat: compared to that of a correctional sequence
2014-09-25 17:18:31 [Message] fib_1618 -> Chat: and as we know about bear markets
2014-09-25 17:18:51 [Message] fib_1618 -> Chat: history has shown that most of them take at least 10% off the top
2014-09-25 17:19:11 [Message] fib_1618 -> Chat: and we can usually see 15-20% haircuts as well
2014-09-25 17:19:26 [Message] fib_1618 -> Chat: so there's still a lot of play here
2014-09-25 17:19:40 [Message] fib_1618 -> Chat: just need to be patient and follow the rules you set up and not the markets
2014-09-25 17:19:54 [Message] fib_1618 -> Chat: moving to the NASDAQ breadth MCO
2014-09-25 17:20:08 [Message] fib_1618 -> Chat: and here we have the first inkling of a possible reversal point setting up
2014-09-25 17:20:22 [Message] fib_1618 -> Chat: as today's settlement was not able to move to lower lows
2014-09-25 17:20:38 [Message] fib_1618 -> Chat: now...remember
2014-09-25 17:21:17 [Message] fib_1618 -> Chat: there wasn't anything technically related to the NASDAQ breadth MCSUM at its current levels that would compare with the NYSE Composite and its break of its MCSUM zero line
2014-09-25 17:21:26 [Message] fib_1618 -> Chat: where a lower MCO low would be needed to do so
2014-09-25 17:22:01 [Message] fib_1618 -> Chat: so here money is beginning to slow in the amount of selling in the growth group
2014-09-25 17:23:03 [Message] fib_1618 -> Chat: and this is generally good news in that it can be a signal that the blueprints to begin construction of a new internal foundation has been approved and that the initial leveling of the field is beginning and that we can see a bounce as soon as Friday
2014-09-25 17:23:06 [Message] fib_1618 -> Chat: of course
2014-09-25 17:23:24 [Message] fib_1618 -> Chat: this can change tomorrow if the NYSE MCO alternately moves to challenge the February lows
2014-09-25 17:23:58 [Message] fib_1618 -> Chat: where, if that happened, the selling would widen exponentially and sweep the NASDAQ up in its wake
2014-09-25 17:24:21 [Message] fib_1618 -> Chat: moving to the NDX breadth MCO
2014-09-25 17:24:25 [Message] fib_1618 -> Chat: and we see that it did move to a lower low
2014-09-25 17:24:41 [Message] fib_1618 -> Chat: so this wouldn't be a good omen for the Composite index
2014-09-25 17:24:58 [Message] fib_1618 -> Chat: as in order for the market to begin to build a base
2014-09-25 17:25:08 [Message] fib_1618 -> Chat: we will need the market, in general, to be in sync
2014-09-25 17:25:15 [Message] fib_1618 -> Chat: and with the NDX leading
2014-09-25 17:25:43 [Message] fib_1618 -> Chat: the Composite will need to do the same in order for us to have this same synchronicity
2014-09-25 17:26:13 [Message] fib_1618 -> Chat: oh...
2014-09-25 17:26:27 [Message] fib_1618 -> Chat: and what this slight break in the NDX MCO also means is...
2014-09-25 17:26:43 [Message] fib_1618 -> Chat: that today's closing price right at the September lows is not likely to hold
2014-09-25 17:26:50 [Message] fib_1618 -> Chat: just like we talked about with the SPX on Tuesday
2014-09-25 17:26:54 [Message] fib_1618 -> Chat: speaking of which
2014-09-25 17:27:04 [Message] fib_1618 -> Chat: the SPX did move below its September lows today
2014-09-25 17:27:08 [Message] fib_1618 -> Chat: so no surprise there
2014-09-25 17:27:32 [Message] fib_1618 -> Chat: so now a test of the 1920 level is likely to be seen
2014-09-25 17:27:49 [Message] fib_1618 -> Chat: which was our previous downside target support back a month ago
2014-09-25 17:28:04 [Message] fib_1618 -> Chat: right now
2014-09-25 17:28:24 [Message] fib_1618 -> Chat: the downside dynamic in prices has yet to switch over to the sellers
2014-09-25 17:29:07 [Message] fib_1618 -> Chat: so we should continue to be prepared for sharp reflexes in price for the next several trading days into the middle part of next week
2014-09-25 17:29:18 [Message] fib_1618 -> Chat: for example
2014-09-25 17:29:40 [Message] fib_1618 -> Chat: the technical simplicity of a snapback in the price pattern to what used to be price pattern support in the SPX
2014-09-25 17:29:47 [Message] fib_1618 -> Chat: with the question being...
2014-09-25 17:29:58 [Message] fib_1618 -> Chat: is where do we start this technical obligation?
2014-09-25 17:30:05 [Message] fib_1618 -> Chat: here...or at lower levels??
2014-09-25 17:30:35 [Message] fib_1618 -> Chat: this is why you can't try to outsmart the market
2014-09-25 17:30:57 [Message] fib_1618 -> Chat: if you look at many of the trades won and lost over one's career
2014-09-25 17:31:11 [Message] fib_1618 -> Chat: you will find that they may had been right...but their TIMING was off
2014-09-25 17:31:27 [Message] fib_1618 -> Chat: and this is why we have stops
2014-09-25 17:31:40 [Message] fib_1618 -> Chat: because if your timing is wrong
2014-09-25 17:32:01 [Message] fib_1618 -> Chat: you can get out of the position and still have enough capital to have a go at it again
2014-09-25 17:32:05 [Message] fib_1618 -> Chat: no capital...
2014-09-25 17:32:16 [Message] fib_1618 -> Chat: and you start to throw fists through walls
2014-09-25 17:32:53 [Message] fib_1618 -> Chat: the OEX 10 % Trend moved down and through its zero line today
2014-09-25 17:33:04 [Message] fib_1618 -> Chat: and lower MCO lows were the direct result
2014-09-25 17:33:16 [Message] fib_1618 -> Chat: looking at the OEX breadth MCSUM
2014-09-25 17:33:28 [Message] fib_1618 -> Chat: and we see that we're now at horizontal support now
2014-09-25 17:33:42 [Message] fib_1618 -> Chat: and since this was the zone in which the buyers made a stand
2014-09-25 17:34:00 [Message] fib_1618 -> Chat: these same buyers are likely to run and hide on any further push by the sellers
2014-09-25 17:34:04 [Message] fib_1618 -> Chat: and because of this
2014-09-25 17:34:25 [Message] fib_1618 -> Chat: this then increases the odds that we'll likely see follow through to the downside near term
2014-09-25 17:34:32 [Message] fib_1618 -> Chat: and then an attempt to reflex on Monday
2014-09-25 17:34:51 [Message] fib_1618 -> Chat: after the weekend...especially after "nothing happens" that would be deemed "bearish"
2014-09-25 17:35:25 [Message] fib_1618 -> Chat: same situation with the Dow breadth MCO
2014-09-25 17:35:29 [Message] fib_1618 -> Chat: and its MCSUM
2014-09-25 17:35:47 [Message] fib_1618 -> Chat: so we'll likely see another support level give way soon
2014-09-25 17:36:34 [Message] fib_1618 -> Chat: and that should give a good reason for a pick up in selling once its "understood" that, unlike what we've seen before, this is not one of those "buy the dips" moment
2014-09-25 17:37:17 [Message] fib_1618 -> Chat: looks like a perceptive lower low in the MID breadth MCO
2014-09-25 17:37:30 [Message] fib_1618 -> Chat: with the good news here being that the 10% is at -200
2014-09-25 17:37:37 [Message] fib_1618 -> Chat: but the bad news is...
2014-09-25 17:37:54 [Message] fib_1618 -> Chat: we're about to go down and through the MID breadth MCSUM zero line tomorrow
2014-09-25 17:38:22 [Message] fib_1618 -> Chat: and with these lower lows in the MID breadth MCO
2014-09-25 17:38:31 [Message] fib_1618 -> Chat: it's not likely that the August price lows are going to hold
2014-09-25 17:38:32 [Message] fib_1618 -> Chat: so...
2014-09-25 17:38:47 [Message] fib_1618 -> Chat: it wouldn't be too surprising to see Friday finish up below these same lows
2014-09-25 17:39:12 [Message] fib_1618 -> Chat: which would also trigger the double top
2014-09-25 17:39:21 [Message] fib_1618 -> Chat: and then the downside target here would be...
2014-09-25 17:39:51 [Message] fib_1618 -> Chat: about 1270
2014-09-25 17:39:56 [Message] fib_1618 -> Chat: or the February price lows
2014-09-25 17:40:49 [Message] fib_1618 -> Chat: hmmm...
2014-09-25 17:40:56 [Message] fib_1618 -> Chat: just looking at the price pattern on the MID
2014-09-25 17:41:25 [Message] fib_1618 -> Chat: could be an exaggerated 3 Peaks and Domed House formation in work there
2014-09-25 17:41:38 [Message] fib_1618 -> Chat: let me check the volume - one moment
2014-09-25 17:42:49 [Message] fib_1618 -> Chat: nope - still more consistent to a double top - volume wise
2014-09-25 17:43:23 [Message] fib_1618 -> Chat: the SML data is showing the same kind of divergence in its breadth MCO
2014-09-25 17:43:43 [Message] fib_1618 -> Chat: with the SML breadth MCSUM at about the same levels as the NASDAQ MCSUM
2014-09-25 17:44:12 [Message] fib_1618 -> Chat: but tops beneath tops continue to control the 1 year pattern of the SML breadth MCSUM
2014-09-25 17:44:20 [Message] fib_1618 -> Chat: so we'll go with that for now
2014-09-25 17:44:35 [Message] fib_1618 -> Chat: and if the OEX and Dow continue to play catch up
2014-09-25 17:44:48 [Message] fib_1618 -> Chat: and get the majority of investors nervous
2014-09-25 17:45:01 [Message] fib_1618 -> Chat: we should allow for one last flush before we find a foot hold
2014-09-25 17:45:14 [Message] fib_1618 -> Chat: had a feeling that this was going to happen last Friday [frown]
2014-09-25 17:45:36 [Message] fib_1618 -> Chat: and...
2014-09-25 17:45:43 [Message] fib_1618 -> Chat: a lower low in the TM breadth MCO
2014-09-25 17:46:18 [Message] fib_1618 -> Chat: with the main focus for the next 2 trading sessions on whether the TM breadth MCSUM is going to be able to hold its August lows or not
2014-09-25 17:46:22 [Message] fib_1618 -> Chat: if not
2014-09-25 17:46:34 [Message] fib_1618 -> Chat: then we'll likely have a complete reset
2014-09-25 17:46:55 [Message] fib_1618 -> Chat: and this will push into mid November for a potential tradable low
2014-09-25 17:46:59 [Message] fib_1618 -> Chat: so...
2014-09-25 17:47:46 [Message] fib_1618 -> Chat: the internals are now weak enough to where any break to lower lows from here would produce enough technical damage to where an extended period of weakness will be seen in prices
2014-09-25 17:48:01 [Message] fib_1618 -> Chat: although we're seeing indications of an attempt to hold at these levels
2014-09-25 17:48:18 [Message] fib_1618 -> Chat: it's still too soon to tell if any effort here to do so would be a successful one or not
2014-09-25 17:48:47 [Message] fib_1618 -> Chat: so we'll see how things settle on Friday...and then look to the BETS for "inspiration" [smile]
2014-09-25 17:48:50 [Message] fib_1618 -> Chat: in fact
2014-09-25 17:49:01 [Message] fib_1618 -> Chat: let me get a prelim on that...one sec
2014-09-25 17:50:00 [Message] fib_1618 -> Chat: the gold stocks in Canada are falling apart here...in fact, they seem to be crashing
2014-09-25 17:50:30 [Message] fib_1618 -> Chat: break of trend on the NAUD now
2014-09-25 17:50:36 [Message] fib_1618 -> Chat: the NAAD is plowing lower now
2014-09-25 17:51:16 [Message] fib_1618 -> Chat: -15 - Cash
2014-09-25 17:51:45 [Message] fib_1618 -> Chat: need to move below -20 to generate a "accumulate shorts" position
2014-09-25 17:52:30 [Message] fib_1618 -> Chat: CVI's are now climactic
2014-09-25 17:52:39 [Message] fib_1618 -> Chat: look for a price low in the next two trading sessions
2014-09-25 17:53:07 [Message] fib_1618 -> Chat: STVO's are minimally "oversold"
2014-09-25 17:53:21 [Message] fib_1618 -> Chat: VTO's have a long way to go before calling them "oversold"
2014-09-25 17:53:46 [Message] fib_1618 -> Chat: ahhh,...
2014-09-25 17:53:48 [Message] fib_1618 -> Chat: good news
2014-09-25 17:53:57 [Message] fib_1618 -> Chat: NYSE TRIN at 2.16
2014-09-25 17:54:07 [Message] fib_1618 -> Chat: so we're getting close to a price pattern low
2014-09-25 17:54:19 [Message] fib_1618 -> Chat: Open 10 at .96
2014-09-25 17:54:38 [Message] fib_1618 -> Chat: NASDAQ TRIN at 1.62
2014-09-25 17:54:48 [Message] fib_1618 -> Chat: Open 10 at .96
2014-09-25 17:55:01 [Message] fib_1618 -> Chat: TM TRIN at 1.78
2014-09-25 17:55:15 [Message] fib_1618 -> Chat: Open 10 at .97
2014-09-25 17:55:19 [Message] fib_1618 -> Chat: so...
2014-09-25 17:55:33 [Message] fib_1618 -> Chat: though we didn't any kind of heavy selling on Tuesday
2014-09-25 17:55:38 [Message] fib_1618 -> Chat: we finally saw it today
2014-09-25 17:55:48 [Message] fib_1618 -> Chat: this is only one day though
2014-09-25 17:56:33 [Message] fib_1618 -> Chat: but we're now starting to be a more broader based reaction that last Friday's top in the SPX, OEX and Dow may be more important than what was thought of on Tuesday
2014-09-25 17:56:53 [Message] fib_1618 -> Chat: but until we get the Open 10's back above the 1.10 level
2014-09-25 17:57:03 [Message] fib_1618 -> Chat: and also get the VTO's to "oversold"
2014-09-25 17:57:15 [Message] fib_1618 -> Chat: the market will now be vulnerable to bear attacks
2014-09-25 17:57:28 [Message] fib_1618 -> Chat: and as each of the MCSUM's move down and through their zero line lines
2014-09-25 17:57:44 [Message] fib_1618 -> Chat: the anticipated amplitude of these sell offs will increase as well
2014-09-25 17:57:50 [Message] fib_1618 -> Chat: for now...
2014-09-25 17:58:02 [Message] fib_1618 -> Chat: long positions should have all been closed
2014-09-25 17:58:19 [Message] fib_1618 -> Chat: and we're either in cash waiting for the inevitable snapback to go short
2014-09-25 17:58:43 [Message] fib_1618 -> Chat: or we're now profitable with your shorts and looking to cash in on the recent shake out
2014-09-25 17:58:53 [Message] fib_1618 -> Chat: of which
2014-09-25 17:58:57 [Message] fib_1618 -> Chat: if I was in options
2014-09-25 17:59:11 [Message] fib_1618 -> Chat: I wouldn't hold over the weekend (hint hint)
2014-09-25 17:59:17 [Message] fib_1618 -> Chat: anything else?
2014-09-25 17:59:29 [Message] unc1998 -> Chat: Thanks as always
2014-09-25 17:59:35 [Message] fib_1618 -> Chat: wow...the cums look nasty
2014-09-25 17:59:51 [Message] fib_1618 -> Chat: looking forward to pouring over them tomorrow
2014-09-25 18:00:18 [Message] fib_1618 -> Chat: futures are up nicely right now
2014-09-25 18:00:35 [Message] fib_1618 -> Chat: Dow up 65
2014-09-25 18:00:46 [Message] fib_1618 -> Chat: ES up 5
2014-09-25 18:01:04 [Message] fib_1618 -> Chat: but we've seen that over the last day or so and no avail once New York opened
2014-09-25 18:01:16 [Message] fib_1618 -> Chat: just keep an eye on the DAX
2014-09-25 18:01:23 [Message] fib_1618 -> Chat: it's still our bellwether here
2014-09-25 18:01:50 [Message] fib_1618 -> Chat: let me take a quick look at the sector McClellan's and we'll call it a night
2014-09-25 18:02:59 [Message] fib_1618 -> Chat: broke $92 on the XLE today
2014-09-25 18:03:12 [Message] fib_1618 -> Chat: XLE MCO now at -130
2014-09-25 18:03:15 [Message] fib_1618 -> Chat: yikes!
2014-09-25 18:03:39 [Message] fib_1618 -> Chat: next stop $89
2014-09-25 18:03:57 [Message] fib_1618 -> Chat: breakdown in the XLF today
2014-09-25 18:04:10 [Message] fib_1618 -> Chat: which probably means the XLK did likewise
2014-09-25 18:04:38 [Message] fib_1618 -> Chat: XLP and XLV are desperately trying to hold on here
2014-09-25 18:04:56 [Message] fib_1618 -> Chat: XLI now breaking to the downside
2014-09-25 18:05:20 [Message] fib_1618 -> Chat: remember how it didn't confirm the new highs in the Dow and Transports last Thursday?
2014-09-25 18:05:26 [Message] fib_1618 -> Chat: it's leading lower now
2014-09-25 18:05:49 [Message] fib_1618 -> Chat: yep..XLK broke to the downside today
2014-09-25 18:06:13 [Message] fib_1618 -> Chat: and the XLU breadth MCO is at a -147 reading
2014-09-25 18:06:50 [Message] fib_1618 -> Chat: and a run to safety continues into the 10 year
2014-09-25 18:07:02 [Message] fib_1618 -> Chat: so...forecast wise...it's been a good week so far
2014-09-25 18:07:19 [Message] fib_1618 -> Chat: we'll see what the charts say this weekend
2014-09-25 18:07:26 [Message] fib_1618 -> Chat: OK...if there's nothing else
2014-09-25 18:07:29 [Message] fib_1618 -> Chat: I'm going to take off
2014-09-25 18:07:36 [Message] fib_1618 -> Chat: everyone have a super weekend
2014-09-25 18:07:42 [Message] fib_1618 -> Chat: and we'll do this all again next Tuesday
2014-09-25 18:07:44 [Message] fib_1618 -> Chat: good night
2014-09-25 18:07:51 [Message] hawk5734 -> Chat: thanks fib...have a great weekend
2014-09-25 18:08:10 [Message] rite01 -> Chat: good night all

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