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fib_1618

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Reply with quote  #1 
2011-09-29 16:00:09 [Message] fib_1618 -> Chat: good day
2011-09-29 16:00:13 [Message] fib_1618 -> Chat: how is everyone?
2011-09-29 16:00:20 [Message] steveftw -> Chat: fine - you?
2011-09-29 16:00:37 [Message] fib_1618 -> Chat: OK...thanks for asking!
2011-09-29 16:00:41 [Message] steveftw -> Chat: another 100-degree day here in the Texsahara desert
2011-09-29 16:00:55 [Message] fib_1618 -> Chat:
2011-09-29 16:01:00 [Message] fib_1618 -> Chat: or is it
2011-09-29 16:01:02 [Message] fib_1618 -> Chat:
2011-09-29 16:01:08 [Message] steveftw -> Chat: more the second.
2011-09-29 16:01:21 [Message] fib_1618 -> Chat: droughts are not fun
2011-09-29 16:01:22 [Message] steveftw -> Chat: worst drought in TX history, which I guess says something
2011-09-29 16:01:33 [Message] fib_1618 -> Chat: and that's a lot of history
2011-09-29 16:01:36 [Message] steveftw -> Chat: but Ms. Market sure ain't dry...
2011-09-29 16:01:37 [Message] fib_1618 -> Chat: back to Houston and the Alamo
2011-09-29 16:02:03 [Message] steveftw -> Chat: You ever been to the Alamo?
2011-09-29 16:02:06 [Message] fib_1618 -> Chat: could you imagine being a cowboy in those days?
2011-09-29 16:02:13 [Message] steveftw -> Chat: So much history, and I'm not a native TXN
2011-09-29 16:02:14 [Message] fib_1618 -> Chat: nope...never been to San Antone
2011-09-29 16:02:24 [Message] fib_1618 -> Chat: one day
2011-09-29 16:02:35 [Message] fib_1618 -> Chat: been to Houston and Dallas several times
2011-09-29 16:02:36 [Message] steveftw -> Chat: by the way - happy new year!
2011-09-29 16:02:41 [Message] fib_1618 -> Chat: well..thank you
2011-09-29 16:02:44 [Message] fib_1618 -> Chat: nice of you
2011-09-29 16:02:48 [Message] fib_1618 -> Chat: and to you as well!
2011-09-29 16:02:58 [Message] steveftw -> Chat: ya sure...lol
2011-09-29 16:03:00 [Message] fib_1618 -> Chat: is working today Kosher?
2011-09-29 16:03:18 [Message] steveftw -> Chat: Nope, but neither were the carnitas I had for lunch
2011-09-29 16:03:22 [Message] fib_1618 -> Chat: lol
2011-09-29 16:03:33 [Message] fib_1618 -> Chat: too funny
2011-09-29 16:03:43 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2011-09-29 16:04:25 [Message] fib_1618 -> Chat: enjoying these intraday swings are we?
2011-09-29 16:04:41 [Message] steveftw -> Chat: yep.
2011-09-29 16:04:54 [Message] thespookyone -> Chat: well, they pay-but lots of work too
2011-09-29 16:04:59 [Message] fib_1618 -> Chat: up 250 in the morning...even in the afternoon...let's see how we closed
2011-09-29 16:05:01 [Message] steveftw -> Chat: lots, lew.
2011-09-29 16:05:11 [Message] steveftw -> Chat: Q's were something today, that's for sure.
2011-09-29 16:05:21 [Message] fib_1618 -> Chat: ha...up 143
2011-09-29 16:05:32 [Message] thespookyone -> Chat: good point Steve
2011-09-29 16:05:38 [Message] steveftw -> Chat: yeah, what's the prob?
2011-09-29 16:05:49 [Message] steveftw -> Chat: and the fin's - no prob there, right?
2011-09-29 16:05:56 [Message] fib_1618 -> Chat: but the NDX is down 26?
2011-09-29 16:05:58 [Message] fib_1618 -> Chat: tsk tsk
2011-09-29 16:06:03 [Message] fib_1618 -> Chat: sick little market we have here
2011-09-29 16:06:15 [Message] thespookyone -> Chat: aligning the market planet?
2011-09-29 16:06:28 [Message] fib_1618 -> Chat: anyone notice the lowest ISEE number ever yesterday? 52
2011-09-29 16:06:50 [Message] fib_1618 -> Chat: sure are a lot of folks going pig for a crash here
2011-09-29 16:06:56 [Message] fib_1618 -> Chat: makes you wonder...
2011-09-29 16:07:03 [Message] fib_1618 -> Chat: and it makes you wonder...
2011-09-29 16:07:46 [Message] fib_1618 -> Chat: I wonder how many specs got scared out of their positions this morning?
2011-09-29 16:08:05 [Message] gman -> Chat: are you goin Zep on us Fib?
2011-09-29 16:08:18 [Message] fib_1618 -> Chat: nah...been there, done that
2011-09-29 16:08:21 [Message] fib_1618 -> Chat: though
2011-09-29 16:08:36 [Message] gman -> Chat: as have I
2011-09-29 16:08:44 [Message] fib_1618 -> Chat: I heard a symphony version of Stairway the other day...it was great
2011-09-29 16:09:03 [Message] fib_1618 -> Chat: OK...let me get DP up and we'll get running
2011-09-29 16:09:25 [Message] thespookyone -> Chat: took my kids to see Page with the Cleveland symphony once-was super
2011-09-29 16:09:27 [Message] fib_1618 -> Chat: after snapping back to the zero line on Wednesday
2011-09-29 16:09:42 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO gave us an obligatory bounce higher today
2011-09-29 16:10:03 [Message] fib_1618 -> Chat: but we are at a lower level than our highs of Tuesday
2011-09-29 16:10:16 [Message] fib_1618 -> Chat: in order for the market to retest these same Tuesday highs
2011-09-29 16:10:26 [Message] fib_1618 -> Chat: the MCO will need to move above this spike high
2011-09-29 16:10:48 [Message] fib_1618 -> Chat: otherwise, the bears have better reigns on the action for now
2011-09-29 16:11:14 [Message] fib_1618 -> Chat: we can see the struggle from both sides right now by looking at the CO NYSE breadth MCSUM
2011-09-29 16:11:23 [Message] fib_1618 -> Chat: which remains quite congested
2011-09-29 16:11:48 [Message] fib_1618 -> Chat: we also note that with the CO MCO above its zero line
2011-09-29 16:11:59 [Message] fib_1618 -> Chat: the components remain below theirs
2011-09-29 16:12:06 [Message] fib_1618 -> Chat: this would again suggest corrective activity
2011-09-29 16:12:21 [Message] fib_1618 -> Chat: and no trend is indicated at this time
2011-09-29 16:12:27 [Message] fib_1618 -> Chat: only indecision
2011-09-29 16:12:51 [Message] fib_1618 -> Chat: which, at this point, may now last until the ADP numbers next week
2011-09-29 16:13:09 [Message] fib_1618 -> Chat: looking at the daily price pattern of the NYA
2011-09-29 16:13:21 [Message] fib_1618 -> Chat: and we see a definitive triangle formation working out
2011-09-29 16:13:35 [Message] fib_1618 -> Chat: which would also fit within the idea of market indecision
2011-09-29 16:14:04 [Message] fib_1618 -> Chat: the composite NYSE breadth MCO also bounced off its zero line today
2011-09-29 16:14:17 [Message] fib_1618 -> Chat: but the readings here are weaker than those with the CO
2011-09-29 16:14:39 [Message] fib_1618 -> Chat: for the bulls to have any chance of challenging their reaction highs of the last several weeks
2011-09-29 16:14:58 [Message] fib_1618 -> Chat: we will need to see some broader market leadership come in
2011-09-29 16:15:16 [Message] fib_1618 -> Chat: for any continued advance on the backs of only the common stocks is not likely to stick
2011-09-29 16:15:49 [Message] fib_1618 -> Chat: a small snapback above the zero line today for the NASDAQ breadth MCO
2011-09-29 16:16:17 [Message] fib_1618 -> Chat: but look at how much weaker the NASDAQ components are in comparison to the that of the NYA
2011-09-29 16:16:41 [Message] fib_1618 -> Chat: this is not the kind of thing one would like to see if we're in the process of making a tradable low
2011-09-29 16:16:42 [Message] fib_1618 -> Chat: no less
2011-09-29 16:17:01 [Message] fib_1618 -> Chat: the foundation that would be necessary for the market to break out of its intermediate term consolidation
2011-09-29 16:18:00 [Message] fib_1618 -> Chat: so far, in fact, all we've done here over the last 7 days is break below many bearish flag formations, snapped back to the breakout area, and have now chopped around just below these same levels
2011-09-29 16:18:22 [Message] fib_1618 -> Chat: so in this respect, the bears continue to be the side that has control of things
2011-09-29 16:18:25 [Message] fib_1618 -> Chat: unfortunately
2011-09-29 16:18:45 [Message] fib_1618 -> Chat: the bears seem to be getting too excited every time the market moves lower
2011-09-29 16:18:51 [Message] fib_1618 -> Chat: up until today
2011-09-29 16:19:30 [Message] fib_1618 -> Chat: where I was finally noticing these same salivating bears trying to move long last night and thought themselves proud when we opened as strong as we did today
2011-09-29 16:19:43 [Message] fib_1618 -> Chat: what I haven't noticed is whether they have sold those same positions
2011-09-29 16:19:46 [Message] fib_1618 -> Chat: or worse yet
2011-09-29 16:19:47 [Message] fib_1618 -> Chat: added to those positions
2011-09-29 16:20:07 [Message] fib_1618 -> Chat: if they have added...this will help open any trap door that's directly below us
2011-09-29 16:20:45 [Message] fib_1618 -> Chat: so watching and listening to sentiment here is going to be important as to when we see our current vacuum being filled
2011-09-29 16:20:59 [Message] fib_1618 -> Chat: as the MCSUM's are showing
2011-09-29 16:21:06 [Message] fib_1618 -> Chat: there's not a lot of strength here by the bulls
2011-09-29 16:21:21 [Message] fib_1618 -> Chat: but at the same time
2011-09-29 16:21:32 [Message] fib_1618 -> Chat: the big money bears have yet to give in as yet
2011-09-29 16:21:47 [Message] fib_1618 -> Chat: and this might last into next week now
2011-09-29 16:22:09 [Message] fib_1618 -> Chat: the NDX breadth MCO and its components are in sync now
2011-09-29 16:22:20 [Message] fib_1618 -> Chat: with both snapping back down to their respective zero lines today
2011-09-29 16:22:41 [Message] fib_1618 -> Chat: notice also that the NDX breadth MCSUM is also within reach of its zero line now with a reading of -64
2011-09-29 16:23:11 [Message] fib_1618 -> Chat: so, overall, this basket of stocks are as neutral as you're probably going to seem them
2011-09-29 16:23:22 [Message] fib_1618 -> Chat: and when we see this either the MCO or MCSUM individually
2011-09-29 16:23:35 [Message] fib_1618 -> Chat: it usually leads so something worth trading on a trend basis
2011-09-29 16:23:47 [Message] fib_1618 -> Chat: but when you have both time frames showing this same neutrality
2011-09-29 16:24:16 [Message] fib_1618 -> Chat: the moves tend to be quick and dramatic as everyone attempts to all move through the revolving door all at the same time
2011-09-29 16:24:30 [Message] fib_1618 -> Chat: which, of course, is impossible to do
2011-09-29 16:24:44 [Message] fib_1618 -> Chat: with the greater majority being left behind...or crushed
2011-09-29 16:25:06 [Message] fib_1618 -> Chat: this is how crash like sequences present themselves
2011-09-29 16:25:16 [Message] fib_1618 -> Chat: when there is a mad dash to clarity
2011-09-29 16:25:26 [Message] fib_1618 -> Chat: the good news though
2011-09-29 16:25:48 [Message] fib_1618 -> Chat: is that these patterns are usually what we see during either capitulation phases
2011-09-29 16:25:59 [Message] fib_1618 -> Chat: or during the beginning stages of thrusts
2011-09-29 16:26:07 [Message] fib_1618 -> Chat: which way will it be?
2011-09-29 16:26:20 [Message] fib_1618 -> Chat: with the MCSUM moving higher for the last 2 months
2011-09-29 16:26:27 [Message] fib_1618 -> Chat: the odds suggest it will be lower
2011-09-29 16:26:38 [Message] fib_1618 -> Chat: but you really never quite know for sure
2011-09-29 16:26:41 [Message] fib_1618 -> Chat: however, we did break to the downside our of flags last week
2011-09-29 16:27:06 [Message] fib_1618 -> Chat: and we saw the NYA index move below its 8/8 lows
2011-09-29 16:27:27 [Message] fib_1618 -> Chat: so that increases the probability to outcome ratio a bit more for a bearish resolution
2011-09-29 16:27:31 [Message] fib_1618 -> Chat: but still, we can't lead off
2011-09-29 16:27:47 [Message] fib_1618 -> Chat: we can only work with what we have until the MARKET says it's ready to move
2011-09-29 16:27:59 [Message] fib_1618 -> Chat: we don't want all of the pie
2011-09-29 16:28:10 [Message] fib_1618 -> Chat: just a large portion will do
2011-09-29 16:28:51 [Message] fib_1618 -> Chat: the SPX breadth MCO and its components are still whispering "correction"
2011-09-29 16:29:12 [Message] fib_1618 -> Chat: and that SPX breadth MCSUM is still having a heck of a time moving above the -250 level
2011-09-29 16:29:29 [Message] fib_1618 -> Chat: and now with the Jewish New Year
2011-09-29 16:29:42 [Message] fib_1618 -> Chat: tomorrow could be just another ho hum day of nothing
2011-09-29 16:30:07 [Message] fib_1618 -> Chat: or, because of a lack of volume, we could see some upside or downside pattern breakouts as well all dependent on how the EU goes
2011-09-29 16:30:20 [Message] fib_1618 -> Chat: still a tough trade here
2011-09-29 16:30:25 [Message] fib_1618 -> Chat: as most indecision patterns are
2011-09-29 16:30:39 [Message] fib_1618 -> Chat: so don't feel bad if you're frustrated...it's the nature of the beast
2011-09-29 16:30:49 [Message] fib_1618 -> Chat: look at today
2011-09-29 16:30:55 [Message] fib_1618 -> Chat: ridiculous
2011-09-29 16:31:17 [Message] fib_1618 -> Chat: hard to trade futures or options with these kind of swings
2011-09-29 16:31:28 [Message] fib_1618 -> Chat: but the ETF's are a nice way to work with this volatility
2011-09-29 16:31:49 [Message] fib_1618 -> Chat: the OEX data is looking very much like the NDX
2011-09-29 16:32:08 [Message] fib_1618 -> Chat: with the OEX breadth MCSUM near it's zero line now with a reading of -88
2011-09-29 16:32:30 [Message] fib_1618 -> Chat: so that's about 1000 data points now from the lows
2011-09-29 16:32:36 [Message] fib_1618 -> Chat: that's a LOT of MCSUM movement
2011-09-29 16:32:49 [Message] fib_1618 -> Chat: and deserving of a rest
2011-09-29 16:33:18 [Message] fib_1618 -> Chat: also of interest here
2011-09-29 16:33:22 [Message] fib_1618 -> Chat: if you take ruler to monitor
2011-09-29 16:34:04 [Message] fib_1618 -> Chat: the current reading is right at the declining tops line connecting the May and July tops on the OEX breadth MCSUM
2011-09-29 16:34:10 [Message] fib_1618 -> Chat: zero line resistance
2011-09-29 16:34:15 [Message] fib_1618 -> Chat: declining tops line resistance
2011-09-29 16:34:35 [Message] fib_1618 -> Chat: moving higher for 6 weeks
2011-09-29 16:34:48 [Message] fib_1618 -> Chat: and gaining a 1000 MCSUM points in the process
2011-09-29 16:35:09 [Message] fib_1618 -> Chat: all point to a some sort of topping out process
2011-09-29 16:35:35 [Message] fib_1618 -> Chat: important support will be at the -500 level
2011-09-29 16:35:47 [Message] fib_1618 -> Chat: where we saw our first hesitation pattern
2011-09-29 16:35:53 [Message] fib_1618 -> Chat: ideally...
2011-09-29 16:35:57 [Message] fib_1618 -> Chat: we top out here
2011-09-29 16:36:03 [Message] fib_1618 -> Chat: start moving lower internally
2011-09-29 16:36:15 [Message] fib_1618 -> Chat: with prices following some 2 days behind
2011-09-29 16:36:20 [Message] fib_1618 -> Chat: move to lower price lows
2011-09-29 16:36:40 [Message] fib_1618 -> Chat: with the MCSUM finding divergent support at the minimally "oversold" level of -500
2011-09-29 16:36:58 [Message] fib_1618 -> Chat: all in a perfect breadth dynamics world, of course 
2011-09-29 16:37:25 [Message] fib_1618 -> Chat: the alternate here
2011-09-29 16:37:32 [Message] fib_1618 -> Chat: is actually a little more bearish
2011-09-29 16:37:37 [Message] fib_1618 -> Chat: we continue to move higher
2011-09-29 16:37:55 [Message] fib_1618 -> Chat: begin to suck in all those put buyers
2011-09-29 16:38:04 [Message] fib_1618 -> Chat: have them start moving into calls
2011-09-29 16:38:27 [Message] fib_1618 -> Chat: and then finding resistance at the declining tops line that's connecting the February and May tops
2011-09-29 16:38:28 [Message] fib_1618 -> Chat: which...
2011-09-29 16:38:37 [Message] fib_1618 -> Chat: by mere coincidence
2011-09-29 16:38:59 [Message] fib_1618 -> Chat: comes in right at the bear market MCSUM resistance level of +250
2011-09-29 16:40:00 [Message] fib_1618 -> Chat: which would then set us up for a deeper correction given the extra room to again have traders switch back in mass to the bearish side once the MCSUM moves down and through the zero line again
2011-09-29 16:40:22 [Message] fib_1618 -> Chat: anyway...there's a couple of likely scenarios for next week
2011-09-29 16:40:47 [Message] fib_1618 -> Chat: for our selfishness in having a tradable bottom in early October
2011-09-29 16:40:57 [Message] fib_1618 -> Chat: topping out now and moving lower from here would be preferred
2011-09-29 16:40:59 [Message] fib_1618 -> Chat: if we don't
2011-09-29 16:41:12 [Message] fib_1618 -> Chat: and move up to the +250 level (or there about)
2011-09-29 16:41:32 [Message] fib_1618 -> Chat: then this same bottom is likely to come at the far end of our time window...the first week of November
2011-09-29 16:41:42 [Message] fib_1618 -> Chat: so it's up to the participants
2011-09-29 16:41:45 [Message] fib_1618 -> Chat: as it always is
2011-09-29 16:41:57 [Message] fib_1618 -> Chat: everyone following the sequence here?
2011-09-29 16:42:09 [Message] thespookyone -> Chat: yep
2011-09-29 16:42:16 [Message] fib_1618 -> Chat: berry gud
2011-09-29 16:42:22 [Message] fib_1618 -> Chat: onward
2011-09-29 16:42:41 [Message] fib_1618 -> Chat: like the other large cap indices
2011-09-29 16:43:04 [Message] fib_1618 -> Chat: the Dow breadth MCO and MCSUM is following pretty much the same scenario we've just described
2011-09-29 16:43:24 [Message] fib_1618 -> Chat: moving to the MID
2011-09-29 16:43:38 [Message] fib_1618 -> Chat: and it's still looking corrective with the breadth MCO and its components
2011-09-29 16:44:01 [Message] fib_1618 -> Chat: and looking quite bearish with the MID breadth MCSUM still below its -500 level
2011-09-29 16:45:17 [Message] fib_1618 -> Chat: and we know that without a broader participation leading the way
2011-09-29 16:45:26 [Message] fib_1618 -> Chat: it's not likely we're going to see higher price highs
2011-09-29 16:45:31 [Message] fib_1618 -> Chat: but if we do
2011-09-29 16:45:44 [Message] fib_1618 -> Chat: this tells us that something as well
2011-09-29 16:45:56 [Message] fib_1618 -> Chat: just like it did in the 1999-2000 end run
2011-09-29 16:46:07 [Message] fib_1618 -> Chat: when the large caps moved to new highs
2011-09-29 16:46:14 [Message] fib_1618 -> Chat: but the small and mid caps lagged
2011-09-29 16:46:25 [Message] fib_1618 -> Chat: this is where our patience comes in handy
2011-09-29 16:46:53 [Message] fib_1618 -> Chat: as sometimes it takes a bit of time before any excesses in liquidity are fully siphoned off completely
2011-09-29 16:47:12 [Message] fib_1618 -> Chat: so there's several levels of analysis with these dynamics
2011-09-29 16:47:30 [Message] fib_1618 -> Chat: and they must be used properly for maximum results
2011-09-29 16:48:02 [Message] fib_1618 -> Chat: pretty much the same situation with the SML data as with the MID
2011-09-29 16:48:19 [Message] fib_1618 -> Chat: and then we get to the total market
2011-09-29 16:48:27 [Message] fib_1618 -> Chat: several things of note there
2011-09-29 16:48:47 [Message] fib_1618 -> Chat: the TM breadth MCO moved back below its zero line yesterday
2011-09-29 16:49:06 [Message] fib_1618 -> Chat: suggesting broader market weakness than what the OEX and Dow are showing (for example)
2011-09-29 16:49:28 [Message] fib_1618 -> Chat: that the TM components have yet to even come up to their zero line at all
2011-09-29 16:49:39 [Message] fib_1618 -> Chat: reinforcing this same weakness
2011-09-29 16:49:48 [Message] fib_1618 -> Chat: and that of corrective activity
2011-09-29 16:49:53 [Message] fib_1618 -> Chat: and with all of this known
2011-09-29 16:50:16 [Message] fib_1618 -> Chat: we see that the TM breadth MCSUM is basically flat lining right now at the -500 level
2011-09-29 16:50:21 [Message] fib_1618 -> Chat: this is not bullish
2011-09-29 16:50:43 [Message] fib_1618 -> Chat: this shows the internals as being soft and vulnerable
2011-09-29 16:51:10 [Message] fib_1618 -> Chat: soooo....
2011-09-29 16:51:30 [Message] fib_1618 -> Chat: we got our continued unwinding yesterday that we thought would happen on Tuesday
2011-09-29 16:51:47 [Message] fib_1618 -> Chat: the market attempted to rally off of this same weakness at the open
2011-09-29 16:51:53 [Message] fib_1618 -> Chat: and found very little in the way of takers
2011-09-29 16:52:09 [Message] fib_1618 -> Chat: which reinforces the idea that the bulls are exhausted again
2011-09-29 16:52:22 [Message] fib_1618 -> Chat: and in a real need for new injections of capital
2011-09-29 16:52:30 [Message] fib_1618 -> Chat: overall
2011-09-29 16:52:41 [Message] fib_1618 -> Chat: this is not likely until whatever is bothering the market, whether it be singular or plural, is behind us
2011-09-29 16:53:24 [Message] fib_1618 -> Chat: the Greece situation is either "do or die" tomorrow
2011-09-29 16:53:46 [Message] fib_1618 -> Chat: but we maybe looking beyond that now at into the earnings season
2011-09-29 16:54:01 [Message] fib_1618 -> Chat: which starts with the ton of data we get next week
2011-09-29 16:54:07 [Message] thespookyone -> Chat: why is it do or die?
2011-09-29 16:54:16 [Message] fib_1618 -> Chat: so pick and choose your excuses
2011-09-29 16:54:34 [Message] fib_1618 -> Chat: the Greeks have to pay a bond debt to the EU by the close tomorrow
2011-09-29 16:54:42 [Message] fib_1618 -> Chat: if they don't
2011-09-29 16:54:46 [Message] fib_1618 -> Chat: they are in default
2011-09-29 16:54:50 [Message] thespookyone -> Chat: ah
2011-09-29 16:55:05 [Message] fib_1618 -> Chat: that's why we've heard all  this hyperbole this week
2011-09-29 16:55:16 [Message] fib_1618 -> Chat: and why the German's had to pass their OK to extend today
2011-09-29 16:55:37 [Message] fib_1618 -> Chat: but Germany is only one of the - I think - 15 countries that make up the EU
2011-09-29 16:55:58 [Message] fib_1618 -> Chat: the problems are probably going to come from the old Bloch countries
2011-09-29 16:56:09 [Message] fib_1618 -> Chat: where they have their own problems
2011-09-29 16:56:19 [Message] fib_1618 -> Chat: anyway
2011-09-29 16:56:24 [Message] fib_1618 -> Chat: whatever happens will happen
2011-09-29 16:56:34 [Message] fib_1618 -> Chat: our focus remains with money
2011-09-29 16:56:39 [Message] fib_1618 -> Chat: what does it think?
2011-09-29 16:56:44 [Message] fib_1618 -> Chat: where is it going?
2011-09-29 16:56:52 [Message] fib_1618 -> Chat: doesn't matter why
2011-09-29 16:57:16 [Message] thespookyone -> Chat: it seems to own ginsu knives-all chop
2011-09-29 16:57:19 [Message] fib_1618 -> Chat: we just want to know if it generates enough speed to move prices either above or below their current resistance areas
2011-09-29 16:57:34 [Message] fib_1618 -> Chat: and this has been the easy call here - chop
2011-09-29 16:57:49 [Message] fib_1618 -> Chat: and why did we know that it was likely to chop?
2011-09-29 16:58:23 [Message] thespookyone -> Chat: components negative, mco positive, mcsum negative
2011-09-29 16:58:32 [Message] fib_1618 -> Chat: gold star!
2011-09-29 16:58:41 [Message] fib_1618 -> Chat: not hard to understand, is it?
2011-09-29 16:58:48 [Message] fib_1618 -> Chat: in order for prices to trend
2011-09-29 16:59:00 [Message] fib_1618 -> Chat: you MUST have both time period money flows moving in the same direction
2011-09-29 16:59:07 [Message] fib_1618 -> Chat: if they don't...you...chop
2011-09-29 17:01:00 [Message] fib_1618 -> Chat: if your spark plugs misfire...you're likely to be choppy
2011-09-29 17:01:11 [Message] fib_1618 -> Chat: from there you can then use something like the VIX to determine what to expect volatility wise
2011-09-29 17:01:40 [Message] fib_1618 -> Chat: if not just the preceding pattern moving into this same choppy period
2011-09-29 17:02:08 [Message] fib_1618 -> Chat: moving to the sectors tonight
2011-09-29 17:02:31 [Message] fib_1618 -> Chat: the XLY breadth MCO is now back below its zero line
2011-09-29 17:02:55 [Message] fib_1618 -> Chat: and this is now showing up in the XLY breadth MCSUM as our rolling over to the downside just below the zero line
2011-09-29 17:03:17 [Message] fib_1618 -> Chat: so although neutral technically
2011-09-29 17:03:25 [Message] fib_1618 -> Chat: there is a slight advantage here to the bears
2011-09-29 17:03:40 [Message] fib_1618 -> Chat: look at the MCO for another piece of evidence
2011-09-29 17:03:45 [Message] fib_1618 -> Chat: a top beneath a top
2011-09-29 17:03:47 [Message] fib_1618 -> Chat: and
2011-09-29 17:03:53 [Message] fib_1618 -> Chat: a bottom beneath a bottom
2011-09-29 17:04:00 [Message] fib_1618 -> Chat: no divergence at this time
2011-09-29 17:04:33 [Message] fib_1618 -> Chat: the XLP breadth MCO continues to stay above its zero line
2011-09-29 17:04:46 [Message] fib_1618 -> Chat: while the XLP breadth MCSUM continues to struggle higher
2011-09-29 17:05:19 [Message] fib_1618 -> Chat: this is a good example of the MCSUM showing more and more "heavy breathing" as it were
2011-09-29 17:05:39 [Message] fib_1618 -> Chat: we're getting more and more bulls
2011-09-29 17:06:02 [Message] fib_1618 -> Chat: but finding them is becoming a harder and harder task to do so
2011-09-29 17:06:27 [Message] fib_1618 -> Chat: sort of like getting Aunt Minnie and Uncle Charley moving into the market because of our "correction"
2011-09-29 17:06:37 [Message] fib_1618 -> Chat: but only able to sell them products that are basic product staples like toothpaste and deodorant with smaller risk to the investment
2011-09-29 17:07:20 [Message] fib_1618 -> Chat: so...one could say that the consumer staples buying is really broker induced to keep commissions flowing
2011-09-29 17:07:35 [Message] fib_1618 -> Chat: during a time where selling investments are a pretty hard sell
2011-09-29 17:08:05 [Message] fib_1618 -> Chat: anyone want to give their analysis on the XLE data?
2011-09-29 17:08:43 [Message] fib_1618 -> Chat: bullish or bearish?
2011-09-29 17:08:54 [Message] thespookyone -> Chat: way bearish
2011-09-29 17:08:56 [Message] fib_1618 -> Chat: why?
2011-09-29 17:09:24 [Message] thespookyone -> Chat: mco rolled over at zero line
2011-09-29 17:09:34 [Message] thespookyone -> Chat: pump back very weak
2011-09-29 17:09:44 [Message] fib_1618 -> Chat: 1)...
2011-09-29 17:09:46 [Message] fib_1618 -> Chat: 2)...
2011-09-29 17:09:51 [Message] thespookyone -> Chat: mcsum caving
2011-09-29 17:09:55 [Message] fib_1618 -> Chat: 3)...
2011-09-29 17:10:06 [Message] fib_1618 -> Chat: which shows us..?
2011-09-29 17:10:37 [Message] fib_1618 -> Chat: that money continues to leave this sector
2011-09-29 17:10:39 [Message] fib_1618 -> Chat: and why
2011-09-29 17:10:44 [Message] fib_1618 -> Chat: looking at the price chart
2011-09-29 17:11:00 [Message] fib_1618 -> Chat: it hasn't recouped after its downside gap last week
2011-09-29 17:11:21 [Message] fib_1618 -> Chat: lots of selling there
2011-09-29 17:11:31 [Message] fib_1618 -> Chat: which, hopefully, is a good thing
2011-09-29 17:11:52 [Message] fib_1618 -> Chat: since the price of fuel is just as bad as any tax a Government can induce on us
2011-09-29 17:12:04 [Message] thespookyone -> Chat: the worst
2011-09-29 17:12:10 [Message] fib_1618 -> Chat: petrol here is down .25 in the last 2 weeks
2011-09-29 17:12:20 [Message] fib_1618 -> Chat: but still at 3.65
2011-09-29 17:12:40 [Message] fib_1618 -> Chat: which, from what I hear, is .50 higher than in Nevada
2011-09-29 17:12:40 [Message] thespookyone -> Chat: paid 3.09 yesterday, felt treat-that's pathetic, really
2011-09-29 17:12:52 [Message] fib_1618 -> Chat: we have "designer gas" here
2011-09-29 17:12:56 [Message] fib_1618 -> Chat: and higher taxes
2011-09-29 17:13:13 [Message] thespookyone -> Chat: yep, you guys are the superstars... LOL
2011-09-29 17:13:29 [Message] fib_1618 -> Chat: yes...many actors here in Sac Town think they are
2011-09-29 17:13:37 [Message] thespookyone -> Chat: nice
2011-09-29 17:13:54 [Message] fib_1618 -> Chat: anyway...nice job there - another gold star for you!
2011-09-29 17:14:16 [Message] fib_1618 -> Chat: want to take a crack at the XLF?
2011-09-29 17:15:06 [Message] thespookyone -> Chat: kinda dicey
2011-09-29 17:15:18 [Message] fib_1618 -> Chat: but not too bad
2011-09-29 17:15:38 [Message] fib_1618 -> Chat: it's the only breadth MCO we've seen so far that is challenging Tuesday's highs here
2011-09-29 17:15:42 [Message] fib_1618 -> Chat: notice too that prices closed today right around the spike point of Tuesday
2011-09-29 17:16:29 [Message] fib_1618 -> Chat: this is a good example of why we need to see the MCO move above previous levels if prices are going to do the same thing and HOLD THESE LEVELS
2011-09-29 17:16:40 [Message] fib_1618 -> Chat: problem though
2011-09-29 17:16:51 [Message] fib_1618 -> Chat: like the great majority
2011-09-29 17:17:18 [Message] fib_1618 -> Chat: the XLF breadth MCSUM continues to both struggle and remain below its -500 level
2011-09-29 17:17:27 [Message] fib_1618 -> Chat: until we see this overcome
2011-09-29 17:17:41 [Message] fib_1618 -> Chat: it's not likely we're going to see any real improvement with this basket of stocks
2011-09-29 17:17:48 [Message] fib_1618 -> Chat: and without this same improvement
2011-09-29 17:17:59 [Message] fib_1618 -> Chat: the broader market is not likely to join in
2011-09-29 17:18:29 [Message] fib_1618 -> Chat: so we'll keep an eye on this one...see if we can get some insider info before the rest of the market finds out
2011-09-29 17:18:50 [Message] fib_1618 -> Chat: any follow through tomorrow...would be good for another couple of days
2011-09-29 17:18:52 [Message] fib_1618 -> Chat: failure?
2011-09-29 17:18:57 [Message] fib_1618 -> Chat: and down we go
2011-09-29 17:19:13 [Message] fib_1618 -> Chat: since everything else we've seen tonight is looking weaker
2011-09-29 17:19:14 [Message] thespookyone -> Chat: components aren't really firing like the MCO, eh?
2011-09-29 17:19:43 [Message] thespookyone -> Chat: I see they are even, but pretty low
2011-09-29 17:19:50 [Message] fib_1618 -> Chat: well...it looks like the 10% is slightly above the 5%
2011-09-29 17:20:06 [Message] fib_1618 -> Chat: but we're going to need a whole lot more than this to make a real run
2011-09-29 17:20:21 [Message] fib_1618 -> Chat: on a positive tone
2011-09-29 17:20:25 [Message] fib_1618 -> Chat: they ARE in sync
2011-09-29 17:20:29 [Message] fib_1618 -> Chat: so that's a good thing
2011-09-29 17:20:40 [Message] fib_1618 -> Chat: moving to the XLV
2011-09-29 17:20:56 [Message] fib_1618 -> Chat: and we note that not only is the XLV breadth MCSUM right up against its zero line now
2011-09-29 17:21:31 [Message] fib_1618 -> Chat: but this is also strong horizontal resistance as well if we take our line of vision over to the left side of the chart
2011-09-29 17:21:49 [Message] fib_1618 -> Chat: so the odds here suggest that any further upside is going to be a real struggle
2011-09-29 17:22:07 [Message] fib_1618 -> Chat: and not likely to run until we get some sort of pause to refresh so that we can regroup
2011-09-29 17:22:19 [Message] fib_1618 -> Chat: look at the price pattern
2011-09-29 17:22:23 [Message] fib_1618 -> Chat: as it sags lower
2011-09-29 17:22:29 [Message] fib_1618 -> Chat: tops beneath tops
2011-09-29 17:22:36 [Message] fib_1618 -> Chat: bottoms below bottoms
2011-09-29 17:23:02 [Message] fib_1618 -> Chat: a break below the 31 level would be the trigger
2011-09-29 17:23:19 [Message] fib_1618 -> Chat: but the downside there is really limited
2011-09-29 17:23:26 [Message] fib_1618 -> Chat: maybe 30...29?
2011-09-29 17:23:33 [Message] fib_1618 -> Chat: better fish to fry
2011-09-29 17:23:57 [Message] fib_1618 -> Chat: speaking of price patterns
2011-09-29 17:24:06 [Message] fib_1618 -> Chat: that XLI pattern sure looks nasty
2011-09-29 17:24:35 [Message] fib_1618 -> Chat: and the XLI breadth MCSUM is now up against the -250 level (-260)
2011-09-29 17:25:06 [Message] fib_1618 -> Chat: keeping in mind that this sector ETF has a lot of clout with the INDU and TRAN
2011-09-29 17:25:23 [Message] fib_1618 -> Chat: and I don't know if I would be anywhere as bullish as some seem to be here
2011-09-29 17:25:40 [Message] fib_1618 -> Chat: give me a good wash out...then I'll probably change my mind
2011-09-29 17:26:15 [Message] fib_1618 -> Chat: good support there at 27
2011-09-29 17:26:22 [Message] fib_1618 -> Chat: so that's worth 12%
2011-09-29 17:26:27 [Message] fib_1618 -> Chat: could be a good play
2011-09-29 17:26:54 [Message] fib_1618 -> Chat: the XLB looks like the XLE
2011-09-29 17:27:20 [Message] fib_1618 -> Chat: so commodities in general don't seem to be the place to be for now
2011-09-29 17:27:50 [Message] fib_1618 -> Chat: check how the XLB breadth MCSUM is moving sideways here in "oversold" territory
2011-09-29 17:27:57 [Message] fib_1618 -> Chat: this shows us that there is very little buying here
2011-09-29 17:28:07 [Message] fib_1618 -> Chat: and much of any price advance here is just short covering
2011-09-29 17:28:30 [Message] fib_1618 -> Chat: small point change on the XLK breadth MCO
2011-09-29 17:28:50 [Message] fib_1618 -> Chat: and the XLK breadth MCSUM is up against natural MCSUM resistance at the -250 level
2011-09-29 17:29:13 [Message] fib_1618 -> Chat: it's also up against previous "ledge" resistance as well
2011-09-29 17:29:35 [Message] fib_1618 -> Chat: so it's going to take a tremendous flow of money hear and NOW for this group of stocks to move higher
2011-09-29 17:30:00 [Message] fib_1618 -> Chat: not likely given the time it's already spent moving 1000 data points from the -1250 level
2011-09-29 17:30:18 [Message] fib_1618 -> Chat: so Tech may be ready to swoon now
2011-09-29 17:30:33 [Message] fib_1618 -> Chat: and finally!
2011-09-29 17:30:36 [Message] fib_1618 -> Chat: we have a winner!
2011-09-29 17:30:46 [Message] fib_1618 -> Chat: the XLU is looking good
2011-09-29 17:30:58 [Message] fib_1618 -> Chat: if it can now get above the MCSUM +500 level,  this sector would be a strong buy
2011-09-29 17:31:33 [Message] fib_1618 -> Chat: remember how we commented on all of the texture during the August advance?
2011-09-29 17:31:40 [Message] fib_1618 -> Chat: this is why we need texture
2011-09-29 17:31:49 [Message] fib_1618 -> Chat: so that prices can actually begin to stabilize and trend higher
2011-09-29 17:31:55 [Message] fib_1618 -> Chat: now that money flow is trending higher
2011-09-29 17:32:05 [Message] fib_1618 -> Chat: it's only a matter of time that prices will follow
2011-09-29 17:32:19 [Message] fib_1618 -> Chat: and if the market has other ideas here to meet some downside objectives
2011-09-29 17:32:31 [Message] fib_1618 -> Chat: no less put itself in a better position to bottom
2011-09-29 17:32:43 [Message] fib_1618 -> Chat: the XLU should hold up far better during such impending shake outs
2011-09-29 17:33:00 [Message] fib_1618 -> Chat: so something to look at for your more conservative accounts
2011-09-29 17:33:04 [Message] fib_1618 -> Chat: let me check the dividend
2011-09-29 17:33:26 [Message] fib_1618 -> Chat: 3.91%
2011-09-29 17:33:29 [Message] fib_1618 -> Chat: PE 14 (a little high)
2011-09-29 17:33:49 [Message] fib_1618 -> Chat: YTD Return... 10.25%
2011-09-29 17:33:55 [Message] fib_1618 -> Chat: not bad at all
2011-09-29 17:34:09 [Message] thespookyone -> Chat: wow
2011-09-29 17:34:11 [Message] fib_1618 -> Chat: boring
2011-09-29 17:34:14 [Message] fib_1618 -> Chat: but productive
2011-09-29 17:34:20 [Message] fib_1618 -> Chat: and more importantly
2011-09-29 17:34:23 [Message] fib_1618 -> Chat: leading higher
2011-09-29 17:34:33 [Message] fib_1618 -> Chat: as it does and should during market bottoms
2011-09-29 17:35:10 [Message] fib_1618 -> Chat: so add a nice piece of evidence that our potential bottoming process for next month is following plan
2011-09-29 17:35:24 [Message] thespookyone -> Chat: should of put my mom in in August, LOL
2011-09-29 17:36:16 [Message] fib_1618 -> Chat: the buy would had been the 2nd week of September
2011-09-29 17:36:26 [Message] fib_1618 -> Chat: see how we hesitated and then broke to the upside?
2011-09-29 17:36:43 [Message] fib_1618 -> Chat: how the MCO moved to higher highs?
2011-09-29 17:36:51 [Message] fib_1618 -> Chat: again
2011-09-29 17:36:55 [Message] fib_1618 -> Chat: it's a matter of extremes
2011-09-29 17:36:59 [Message] fib_1618 -> Chat: moving back to neutral
2011-09-29 17:37:03 [Message] fib_1618 -> Chat: finding snapback support
2011-09-29 17:37:10 [Message] fib_1618 -> Chat: and then coming on with both barrels
2011-09-29 17:37:13 [Message] fib_1618 -> Chat: that's OK
2011-09-29 17:37:36 [Message] fib_1618 -> Chat: the only thing that we have so far is that this ETF is the only one that has regained all of the August decline
2011-09-29 17:37:40 [Message] fib_1618 -> Chat: and even moved to new highs
2011-09-29 17:37:52 [Message] fib_1618 -> Chat: which we forecasted this back in August with this same texture
2011-09-29 17:38:08 [Message] fib_1618 -> Chat: a lot of this is that you really do have to believe in your indicators
2011-09-29 17:38:13 [Message] fib_1618 -> Chat: because during August
2011-09-29 17:38:16 [Message] fib_1618 -> Chat: and most of September
2011-09-29 17:38:24 [Message] fib_1618 -> Chat: the world was "coming to an end"
2011-09-29 17:38:27 [Message] fib_1618 -> Chat: as of last week
2011-09-29 17:38:29 [Message] fib_1618 -> Chat: it still is
2011-09-29 17:38:43 [Message] fib_1618 -> Chat: so it's a matter of using your head and not your heart
2011-09-29 17:38:50 [Message] fib_1618 -> Chat: which has kept us pretty much within the confines of the market action this past month
2011-09-29 17:39:19 [Message] fib_1618 -> Chat: there's been no real excitement technically for a month here in the chat
2011-09-29 17:39:26 [Message] fib_1618 -> Chat: except for last Thursday
2011-09-29 17:39:32 [Message] fib_1618 -> Chat: and now...it's just a matter of time here
2011-09-29 17:39:35 [Message] fib_1618 -> Chat: how about
2011-09-29 17:39:43 [Message] fib_1618 -> Chat: Greece gets their extension
2011-09-29 17:39:53 [Message] fib_1618 -> Chat: and the market actually sells off on the good news?
2011-09-29 17:40:09 [Message] fib_1618 -> Chat: you never really know how or why
2011-09-29 17:40:18 [Message] thespookyone -> Chat: the market does sell on good news, sounds good
2011-09-29 17:40:28 [Message] fib_1618 -> Chat: to wit
2011-09-29 17:41:01 [Message] fib_1618 -> Chat: have you noticed on the message boards that many of the staunch bears have all of a sudden are looking for long entries of late?
2011-09-29 17:41:22 [Message] fib_1618 -> Chat: because they figure that Greece is going to be OK based on the NEWS reports?
2011-09-29 17:41:22 [Message] thespookyone -> Chat: yep, and calling "THE" bottom in
2011-09-29 17:41:28 [Message] fib_1618 -> Chat: yep
2011-09-29 17:41:45 [Message] fib_1618 -> Chat: just need a few others to "join in"
2011-09-29 17:41:50 [Message] fib_1618 -> Chat: getting close now
2011-09-29 17:41:53 [Message] thespookyone -> Chat: they seem pretty frustrated-to the point of flipping
2011-09-29 17:41:58 [Message] fib_1618 -> Chat: this is how the market merchandises opinion
2011-09-29 17:42:05 [Message] fib_1618 -> Chat: of course
2011-09-29 17:42:09 [Message] fib_1618 -> Chat: what else can they do?
2011-09-29 17:42:15 [Message] fib_1618 -> Chat: they have been wrong so many times
2011-09-29 17:42:25 [Message] fib_1618 -> Chat: that it's human emotion to "get even"
2011-09-29 17:42:40 [Message] thespookyone -> Chat: merchandising is so much in play here...
2011-09-29 17:42:42 [Message] fib_1618 -> Chat: remember all of those September crash puts that settled worthless?
2011-09-29 17:42:48 [Message] thespookyone -> Chat: and they get takers
2011-09-29 17:43:00 [Message] fib_1618 -> Chat: now it's October
2011-09-29 17:43:11 [Message] fib_1618 -> Chat: but those September's were sure bets
2011-09-29 17:43:23 [Message] fib_1618 -> Chat: sort of like we've talked about before
2011-09-29 17:43:36 [Message] fib_1618 -> Chat: you make a profit and you're excited to jump back in again
2011-09-29 17:43:41 [Message] fib_1618 -> Chat: same thing with a loss
2011-09-29 17:43:53 [Message] fib_1618 -> Chat: but here you're going to be right no matter what
2011-09-29 17:44:14 [Message] fib_1618 -> Chat: emotion is such a cancer with trading
2011-09-29 17:44:32 [Message] fib_1618 -> Chat: CVI's bounced a bit higher now
2011-09-29 17:44:53 [Message] fib_1618 -> Chat: STVO's are dead neutral
2011-09-29 17:45:03 [Message] fib_1618 -> Chat: VTO's are pretty much in the same boat
2011-09-29 17:45:12 [Message] fib_1618 -> Chat: no wonder we're going nowhere fast...but one side is about to take control again
2011-09-29 17:45:30 [Message] fib_1618 -> Chat: after going over 5.00 yesterday
2011-09-29 17:45:40 [Message] fib_1618 -> Chat: the NYSE TRIN is at .83
2011-09-29 17:45:49 [Message] fib_1618 -> Chat: Open 10 at 1.05
2011-09-29 17:46:09 [Message] fib_1618 -> Chat: the NASDAQ TRIN was at 2.72
2011-09-29 17:46:23 [Message] fib_1618 -> Chat: so that's two consecutive days over 2.00 for the NASDAQ TRIN
2011-09-29 17:46:30 [Message] fib_1618 -> Chat: and wow
2011-09-29 17:46:37 [Message] fib_1618 -> Chat: look at the Open 10...1.12
2011-09-29 17:46:44 [Message] fib_1618 -> Chat: so "oversold" here
2011-09-29 17:47:06 [Message] fib_1618 -> Chat: we're getting really close to a bottom now
2011-09-29 17:47:16 [Message] fib_1618 -> Chat: another couple of weeks could very well do it
2011-09-29 17:47:24 [Message] fib_1618 -> Chat: once we get one more wash out
2011-09-29 17:47:33 [Message] fib_1618 -> Chat: TM TRIN At 1.92
2011-09-29 17:47:44 [Message] fib_1618 -> Chat: Open 10 at 1.11
2011-09-29 17:47:47 [Message] fib_1618 -> Chat: so...
2011-09-29 17:48:07 [Message] fib_1618 -> Chat: it's going to be difficult now for the bears to move the market lower because of the high Open 10's
2011-09-29 17:48:21 [Message] fib_1618 -> Chat: but the bulls don't seem to have any real interest in buying here so we can just sag with the bear market default
2011-09-29 17:49:10 [Message] fib_1618 -> Chat: and then get the market to move off of something economic
2011-09-29 17:49:28 [Message] fib_1618 -> Chat: so...hit and run
2011-09-29 17:49:32 [Message] fib_1618 -> Chat: don't get greedy
2011-09-29 17:49:54 [Message] fib_1618 -> Chat: and keep watching sentiment
2011-09-29 17:50:07 [Message] fib_1618 -> Chat: today's ISEE number was...darn...I forget
2011-09-29 17:50:11 [Message] fib_1618 -> Chat: but it was back above 100
2011-09-29 17:50:29 [Message] fib_1618 -> Chat: so there was some call buying today
2011-09-29 17:50:54 [Message] fib_1618 -> Chat: which makes sense since, once again, after a large decline, the market zoomed to the upside at the open
2011-09-29 17:51:04 [Message] fib_1618 -> Chat: you want to talk about manipulation?
2011-09-29 17:51:20 [Message] fib_1618 -> Chat: you're seeing it in all its glory
2011-09-29 17:51:31 [Message] fib_1618 -> Chat: but this manipulation is more psychological
2011-09-29 17:51:43 [Message] fib_1618 -> Chat: no one can really get a handle here
2011-09-29 17:51:47 [Message] fib_1618 -> Chat: and like we've always said
2011-09-29 17:52:09 [Message] fib_1618 -> Chat: consolidations are the markets way to come between you and your money
2011-09-29 17:52:30 [Message] fib_1618 -> Chat: where our impatience is our enemy
2011-09-29 17:52:40 [Message] fib_1618 -> Chat: and our patience is rewarded
2011-09-29 17:52:47 [Message] fib_1618 -> Chat: anything else?
2011-09-29 17:52:49 [Message] thespookyone -> Chat: I don't care much for those VTO's rolling over again-any take there? SPX right as it hit the zero line again
2011-09-29 17:53:26 [Message] fib_1618 -> Chat: the NDX got close to "overbought" as well
2011-09-29 17:53:37 [Message] fib_1618 -> Chat: but the objective for the VTO's were only to snapback to their zero lines
2011-09-29 17:53:39 [Message] fib_1618 -> Chat: they did that
2011-09-29 17:53:52 [Message] fib_1618 -> Chat: and a little bit more because of momentum considerations and OPEX
2011-09-29 17:54:03 [Message] fib_1618 -> Chat: for the bulls
2011-09-29 17:54:26 [Message] fib_1618 -> Chat: they'll want to see all three oscillators move to "oversold" simultaneously just like we saw in August
2011-09-29 17:54:43 [Message] fib_1618 -> Chat: but this time
2011-09-29 17:54:58 [Message] fib_1618 -> Chat: let's look for divergence against these same August lows
2011-09-29 17:55:01 [Message] fib_1618 -> Chat: once that's done
2011-09-29 17:55:12 [Message] fib_1618 -> Chat: then that should do it
2011-09-29 17:55:21 [Message] fib_1618 -> Chat: (at least that's the plan)
2011-09-29 17:55:25 [Message] thespookyone -> Chat: thx
2011-09-29 17:55:35 [Message] fib_1618 -> Chat: anything else?
2011-09-29 17:55:39 [Message] fib_1618 -> Chat: BTW
2011-09-29 17:55:49 [Message] fib_1618 -> Chat: I looked quickly at the BETS today
2011-09-29 17:55:53 [Message] fib_1618 -> Chat: it was at a -50
2011-09-29 17:56:06 [Message] fib_1618 -> Chat: so we've broken to new lows if this holds up tomorrow
2011-09-29 17:56:23 [Message] fib_1618 -> Chat: a -65 is an all out sell
2011-09-29 17:56:29 [Message] fib_1618 -> Chat: but I don't foresee that happening
2011-09-29 17:56:49 [Message] fib_1618 -> Chat: OK...if there's nothing else
2011-09-29 17:56:52 [Message] fib_1618 -> Chat: I'm going to take off
2011-09-29 17:56:56 [Message] fib_1618 -> Chat: everyone have a great weekend
2011-09-29 17:57:03 [Message] fib_1618 -> Chat: and we'll chat again on Tuesday
2011-09-29 17:57:03 [Message] thespookyone -> Chat: what do you mean by "all out"
2011-09-29 17:57:09 [Message] fib_1618 -> Chat: all out?
2011-09-29 17:57:14 [Message] thespookyone -> Chat: yes
2011-09-29 17:57:28 [Message] fib_1618 -> Chat: meaning that we have a definitive trend to the downside and no longer a correction
2011-09-29 17:57:39 [Message] thespookyone -> Chat: cool, thx much!
2011-09-29 17:57:49 [Message] fib_1618 -> Chat: okey dokey artichokey!
2011-09-29 17:57:51 [Message] fib_1618 -> Chat: good night
2011-09-29 17:57:58 [Message] thespookyone -> Chat: cya Tuesday, have a great weekend!


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