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fib_1618

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Reply with quote  #1 
2011-09-08 15:59:56 [Message] fib_1618 -> Chat: good day
2011-09-08 15:59:59 [Message] fib_1618 -> Chat: how is everyone?
2011-09-08 16:00:05 [Message] EricD -> Chat: Hi Dave
2011-09-08 16:00:30 [Message] fib_1618 -> Chat: just looked at fair value on the futures
2011-09-08 16:00:37 [Message] fib_1618 -> Chat: quite an eye opener
2011-09-08 16:00:51 [Message] fib_1618 -> Chat: fair value is -128 on the Dow?
2011-09-08 16:01:14 [Message] fib_1618 -> Chat: meaning that the futures are up over 100 points...but only show it up 20?
2011-09-08 16:01:25 [Message] fib_1618 -> Chat: crazy market
2011-09-08 16:01:39 [Message] EricD -> Chat: Contract rollover?
2011-09-08 16:01:42 [Message] fib_1618 -> Chat: WWW
2011-09-08 16:01:53 [Message] fib_1618 -> Chat: which is one in the same
2011-09-08 16:02:17 [Message] fib_1618 -> Chat: moving to December futures now
2011-09-08 16:02:38 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??
2011-09-08 16:04:22 [Message] fib_1618 -> Chat: OK...let me get DP up then and we'll get started
2011-09-08 16:04:52 [Message] fib_1618 -> Chat: yawn
2011-09-08 16:05:06 [Message] fib_1618 -> Chat: doesn't look like we did much in two days, does it?
2011-09-08 16:05:32 [Message] fib_1618 -> Chat: OK...
2011-09-08 16:05:35 [Message] fib_1618 -> Chat: the chop continues
2011-09-08 16:05:51 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO is now back below its zero line again
2011-09-08 16:06:06 [Message] fib_1618 -> Chat: but resting a little bit higher than where we were on Tuesday
2011-09-08 16:06:18 [Message] fib_1618 -> Chat: price wise, there's been very little change since Tuesday
2011-09-08 16:06:58 [Message] fib_1618 -> Chat: and this back and forth movement above and below the MCO zero line is providing sideways action with the CO NYSE breadth MCSUM
2011-09-08 16:07:11 [Message] fib_1618 -> Chat: so not a lot more to add so far than what we had on Tuesday
2011-09-08 16:07:36 [Message] fib_1618 -> Chat: the composite NYSE breadth MCO is resting right on its zero line
2011-09-08 16:07:51 [Message] fib_1618 -> Chat: so we now have equal balance between buyers and sellers now on a short term basis
2011-09-08 16:08:23 [Message] fib_1618 -> Chat: with the NYSE breadth MCSUM now moving to overhead resistance at the -250 level
2011-09-08 16:08:44 [Message] fib_1618 -> Chat: with an outside range day on the NYA price chart which would suggest a down close on Friday
2011-09-08 16:09:09 [Message] fib_1618 -> Chat: seems that we are starting to really compress here
2011-09-08 16:09:14 [Message] fib_1618 -> Chat: and once released
2011-09-08 16:09:31 [Message] fib_1618 -> Chat: we should have a pretty good move in one direction or the other
2011-09-08 16:09:33 [Message] fib_1618 -> Chat: although
2011-09-08 16:09:53 [Message] fib_1618 -> Chat: the bar chart is suggesting a downside resolution to its current flag formation
2011-09-08 16:10:05 [Message] fib_1618 -> Chat: and it looks close to completion now
2011-09-08 16:10:15 [Message] fib_1618 -> Chat: at least it has the look of completion
2011-09-08 16:10:41 [Message] fib_1618 -> Chat: the NASDAQ breadth MCO is also just below its zero line
2011-09-08 16:11:07 [Message] fib_1618 -> Chat: and this is giving us choppy sideways behavior on the NASDAQ breadth MCSUM
2011-09-08 16:11:28 [Message] fib_1618 -> Chat: price pattern wise
2011-09-08 16:11:38 [Message] fib_1618 -> Chat: the NASDAQ chart is a real mess right now
2011-09-08 16:12:01 [Message] fib_1618 -> Chat: showing really nothing that would support either direction
2011-09-08 16:12:07 [Message] fib_1618 -> Chat: so when this happens
2011-09-08 16:12:36 [Message] fib_1618 -> Chat: it's probably best to look for any resolution in the direction of the trend prior to this same kind of consolidation pattern
2011-09-08 16:12:54 [Message] fib_1618 -> Chat: amazing volatility here
2011-09-08 16:13:15 [Message] fib_1618 -> Chat: same kind of situation with the NDX breadth MCO and MCSUM
2011-09-08 16:13:35 [Message] fib_1618 -> Chat: except there looks to be a little more strength in this smaller basket of stocks
2011-09-08 16:13:41 [Message] fib_1618 -> Chat: might have to do with AAPL
2011-09-08 16:13:52 [Message] fib_1618 -> Chat: don't really know if I can put a finger on it
2011-09-08 16:14:04 [Message] fib_1618 -> Chat: but I know AAPL has been bucking the trend lower of late
2011-09-08 16:14:30 [Message] fib_1618 -> Chat: zero line snapback also on the SPX breadth MCO
2011-09-08 16:14:37 [Message] fib_1618 -> Chat: so one side is about to take control there
2011-09-08 16:15:30 [Message] fib_1618 -> Chat: and as long as the -500 level holds as resistance on the SPX breadth MCSUM, it's probably prudent to look for a downside resolution near term as opposed to an upside break through
2011-09-08 16:15:54 [Message] fib_1618 -> Chat: pretty much the same situation with the OEX
2011-09-08 16:16:11 [Message] fib_1618 -> Chat: and the Dow...which looks to have a nice inverted ledge still working
2011-09-08 16:16:27 [Message] fib_1618 -> Chat: but the bulls did step up yesterday when they needed to on Wednesday
2011-09-08 16:16:31 [Message] fib_1618 -> Chat: unfortunately
2011-09-08 16:16:39 [Message] fib_1618 -> Chat: they didn't get any follow through at all today
2011-09-08 16:16:47 [Message] fib_1618 -> Chat: and here we are as if nothing happened
2011-09-08 16:17:18 [Message] fib_1618 -> Chat: same with the MID, SML, and TM as well
2011-09-08 16:17:19 [Message] fib_1618 -> Chat: so...
2011-09-08 16:17:24 [Message] fib_1618 -> Chat: nothing new to work with here
2011-09-08 16:17:34 [Message] fib_1618 -> Chat: so let's move on to the sectors and see what's going on there
2011-09-08 16:17:53 [Message] fib_1618 -> Chat: XLY...nothing different
2011-09-08 16:18:22 [Message] fib_1618 -> Chat: the XLP breadth MCO is just above its zero line
2011-09-08 16:18:33 [Message] fib_1618 -> Chat: but the bulls have been in control here for about 3 weeks now
2011-09-08 16:18:37 [Message] fib_1618 -> Chat: when dealing with the MCO
2011-09-08 16:19:03 [Message] fib_1618 -> Chat: it's usual and customary to see one side take control of the action (above or below the zero line) for a period of 4-6 weeks
2011-09-08 16:19:28 [Message] fib_1618 -> Chat: so the XLP bulls are starting lose precious time allotted for them to make a difference
2011-09-08 16:19:49 [Message] fib_1618 -> Chat: notice also how the XLP breadth MCSUM, although rising, remains quite congested here
2011-09-08 16:20:04 [Message] fib_1618 -> Chat: this then tells us that the easy money moving in is past
2011-09-08 16:20:21 [Message] fib_1618 -> Chat: and that it's struggling to find fresh funds to keep the ball rolling
2011-09-08 16:20:31 [Message] fib_1618 -> Chat: knowing that it's running of time to do so
2011-09-08 16:21:20 [Message] fib_1618 -> Chat: this isn't a good thing if one has been trading the long side as a defensive play
2011-09-08 16:21:47 [Message] fib_1618 -> Chat: add the idea that the this MCSUM is also getting closer to its zero line
2011-09-08 16:22:13 [Message] fib_1618 -> Chat: and any longs here may want to start entering solid stops on any positions still open
2011-09-08 16:22:40 [Message] fib_1618 -> Chat: the XLE remains problematic
2011-09-08 16:22:51 [Message] fib_1618 -> Chat: and looking at the XLE chart itself
2011-09-08 16:23:01 [Message] fib_1618 -> Chat: we have a classic SOB pattern working here
2011-09-08 16:23:37 [Message] fib_1618 -> Chat: the early August crash and the double top formation is not a good omen for the bulls here
2011-09-08 16:23:58 [Message] fib_1618 -> Chat: with a break of the 62 level triggering the pattern
2011-09-08 16:24:01 [Message] fib_1618 -> Chat: if this happens
2011-09-08 16:24:27 [Message] fib_1618 -> Chat: the measuring objective is the distance of the hard down from the top of the second top
2011-09-08 16:24:41 [Message] fib_1618 -> Chat: 18 points from 70 would give us a downside of 52
2011-09-08 16:25:16 [Message] fib_1618 -> Chat: minimally speaking...it could be more
2011-09-08 16:25:26 [Message] fib_1618 -> Chat: but it's something to work with
2011-09-08 16:25:52 [Message] fib_1618 -> Chat: the thing about compression points
2011-09-08 16:25:59 [Message] fib_1618 -> Chat: is that once this energy is released
2011-09-08 16:26:23 [Message] fib_1618 -> Chat: the move out of the compression is swift and dramatic
2011-09-08 16:26:36 [Message] fib_1618 -> Chat: so keep a watchful eye on things near term
2011-09-08 16:26:55 [Message] fib_1618 -> Chat: the XLF price pattern looks horrible
2011-09-08 16:27:19 [Message] fib_1618 -> Chat: and unless the bulls really come in with both guns blazing
2011-09-08 16:27:30 [Message] fib_1618 -> Chat: we could be in for a rocky ride to the downside short term
2011-09-08 16:27:57 [Message] fib_1618 -> Chat: notice how the XLF breadth MCO moved below its zero line with the rest of the market on Tuesday
2011-09-08 16:28:03 [Message] fib_1618 -> Chat: but unlike the majority of issues
2011-09-08 16:28:18 [Message] fib_1618 -> Chat: this basket of stocks was not able to move the MCO back above its zero line
2011-09-08 16:28:26 [Message] fib_1618 -> Chat: only providing us with a simple snapback
2011-09-08 16:28:32 [Message] fib_1618 -> Chat: before moving lower again today
2011-09-08 16:29:05 [Message] fib_1618 -> Chat: the XLF breadth MCSUM looks like a ledge in which is covered in ice and ready to slid lower
2011-09-08 16:30:16 [Message] fib_1618 -> Chat: like the XLP breadth MCO, the XLV also remains above its zero line
2011-09-08 16:30:30 [Message] fib_1618 -> Chat: and this is dragging the XLV breadth MCSUM kicking and screaming higher
2011-09-08 16:30:42 [Message] fib_1618 -> Chat: taking ruler to monitor
2011-09-08 16:31:28 [Message] fib_1618 -> Chat: and yesterday's gap up on the XLV breadth MCSUM provided a upside breakout of the declining tops line that can be drawn from the March and July highs of this year
2011-09-08 16:31:33 [Message] fib_1618 -> Chat: so here too
2011-09-08 16:31:43 [Message] fib_1618 -> Chat: the bulls really need to step up their game
2011-09-08 16:32:12 [Message] fib_1618 -> Chat: or this false breakout is going to need to retrench before attempting again to move above this longer term line of negative resistance
2011-09-08 16:32:43 [Message] fib_1618 -> Chat: not only did the XLI move back below its zero line today
2011-09-08 16:32:51 [Message] fib_1618 -> Chat: but it also took out the lows seen on Tuesday
2011-09-08 16:33:06 [Message] fib_1618 -> Chat: this is not a good sign for this sector near term
2011-09-08 16:33:54 [Message] fib_1618 -> Chat: and being that this sector has the closest relationship to the Dow Industrials and Transports, this might be a whisper that may need our attention
2011-09-08 16:34:28 [Message] fib_1618 -> Chat: notice also that the XLI breadth MCSUM is having its problems negotiating above its -500 level
2011-09-08 16:35:13 [Message] fib_1618 -> Chat: not a level in which you would want a failure to happen here
2011-09-08 16:35:42 [Message] fib_1618 -> Chat: the XLB breadth MCO is also below its zero line
2011-09-08 16:36:06 [Message] fib_1618 -> Chat: with the XLB breadth MCSUM also running out of steam at the -500 level
2011-09-08 16:36:34 [Message] fib_1618 -> Chat: kinda gives you the feeling that yesterday was the momentum end to the counter trend rally of the last several weeks
2011-09-08 16:36:56 [Message] fib_1618 -> Chat: the XLK breadth MCO is also at its zero line
2011-09-08 16:37:14 [Message] fib_1618 -> Chat: and look how the XLK breadth MCSUM is hugging just below the -750 level
2011-09-08 16:37:47 [Message] fib_1618 -> Chat: and like the XLI breadth MCO
2011-09-08 16:38:10 [Message] fib_1618 -> Chat: all the XLU breadth MCO was able to do yesterday was snapback up to its zero line
2011-09-08 16:38:34 [Message] fib_1618 -> Chat: but bottoms above bottoms continue to control the short term pattern of the MCO here
2011-09-08 16:38:38 [Message] fib_1618 -> Chat: so...
2011-09-08 16:38:49 [Message] fib_1618 -> Chat: the overall market is getting highly compressed here
2011-09-08 16:38:55 [Message] fib_1618 -> Chat: and ready to unwind
2011-09-08 16:39:01 [Message] fib_1618 -> Chat: in other words
2011-09-08 16:39:16 [Message] fib_1618 -> Chat: we're about to get a resolution to this current choppy behavior from the August 9th reversal lows
2011-09-08 16:39:29 [Message] fib_1618 -> Chat: and given that the bulls have had their way with things for the last 3 weeks
2011-09-08 16:39:35 [Message] fib_1618 -> Chat: it might be that's all they have to give
2011-09-08 16:40:34 [Message] fib_1618 -> Chat: and just the sheer weight of the (bearish) market default, we may be very close to seeing a continuation to the direction of the market prior to this same digestion point...meaning down
2011-09-08 16:40:51 [Message] fib_1618 -> Chat: watch your breadth plurality for clues
2011-09-08 16:41:35 [Message] fib_1618 -> Chat: but it looks like from the data reviewed so far that we should see a resumption to the downside as soon as the beginning of next week
2011-09-08 16:41:49 [Message] fib_1618 -> Chat: let's see what the other indicators are saying
2011-09-08 16:42:27 [Message] fib_1618 -> Chat: CVI's are just to the south of netural
2011-09-08 16:43:03 [Message] fib_1618 -> Chat: STVO's are now starting to show an "oversold" situation
2011-09-08 16:43:18 [Message] fib_1618 -> Chat: and the VTO's continue to climb at a very slow pace
2011-09-08 16:43:39 [Message] fib_1618 -> Chat: so here we may have another day or so of pop (because of the STVO's) before we actually turn over to the downside
2011-09-08 16:43:50 [Message] fib_1618 -> Chat: hmmm
2011-09-08 16:43:54 [Message] fib_1618 -> Chat: NYSE TRIN at 1.60
2011-09-08 16:44:04 [Message] fib_1618 -> Chat: Open 10 at 1.09
2011-09-08 16:44:19 [Message] fib_1618 -> Chat: so the bulls have regained a floor here to work with
2011-09-08 16:44:33 [Message] fib_1618 -> Chat: NASDAQ TRIN at .57
2011-09-08 16:44:41 [Message] fib_1618 -> Chat: Open 10 at .87
2011-09-08 16:44:51 [Message] fib_1618 -> Chat: on the bearish side of neutral
2011-09-08 16:45:02 [Message] fib_1618 -> Chat: TM TRIN at .79
2011-09-08 16:45:13 [Message] fib_1618 -> Chat: Open 10 at .98
2011-09-08 16:45:22 [Message] fib_1618 -> Chat: so....
2011-09-08 16:45:43 [Message] fib_1618 -> Chat: the energy provided by the bulls to counter the decline into the 8/9 period has now passed
2011-09-08 16:46:22 [Message] fib_1618 -> Chat: and we're getting very close to the follow through momentum of this same energy losing its steam as well
2011-09-08 16:46:48 [Message] fib_1618 -> Chat: near term volume oscillators suggest that another rally attempt might be seen over the near term
2011-09-08 16:47:10 [Message] fib_1618 -> Chat: but it's not likely to last...nor will it have enough behind us to move much above the 1218 level
2011-09-08 16:47:21 [Message] fib_1618 -> Chat: at the same time
2011-09-08 16:47:51 [Message] fib_1618 -> Chat: the NYSE Open 10 is providing a decent floor for the bulls to work with
2011-09-08 16:47:58 [Message] fib_1618 -> Chat: but not for the NASDAQ group
2011-09-08 16:48:32 [Message] fib_1618 -> Chat: so...I guess the best forecast here for Friday, at least, is for another of the same old chop
2011-09-08 16:48:35 [Message] fib_1618 -> Chat: but at the same time
2011-09-08 16:48:46 [Message] fib_1618 -> Chat: these chops have been 1-2% moves
2011-09-08 16:49:00 [Message] fib_1618 -> Chat: not bad if your working the intraday stuff
2011-09-08 16:49:15 [Message] fib_1618 -> Chat: let me check the options data real quick
2011-09-08 16:49:37 [Message] fib_1618 -> Chat: P/C's are mixed
2011-09-08 16:49:41 [Message] fib_1618 -> Chat: no help there
2011-09-08 16:50:19 [Message] fib_1618 -> Chat: not seeing anything different from Tuesday..sorry
2011-09-08 16:50:36 [Message] fib_1618 -> Chat: no side wants to take the baton here
2011-09-08 16:50:50 [Message] fib_1618 -> Chat: but the bulls are running out of time
2011-09-08 16:51:51 [Message] fib_1618 -> Chat: with the exception of the TSX, all of the other publicly traded exchange stocks look very weak here
2011-09-08 16:52:06 [Message] fib_1618 -> Chat: lots of congestion with a downside bias
2011-09-08 16:52:20 [Message] fib_1618 -> Chat: meaning that money doesn't think there's going to be any increase in volume for a while
2011-09-08 16:52:54 [Message] fib_1618 -> Chat: time to go over the sector charts for leaders
2011-09-08 16:52:56 [Message] fib_1618 -> Chat: in this case
2011-09-08 16:53:03 [Message] fib_1618 -> Chat: based on the data we've reviewed
2011-09-08 16:53:22 [Message] fib_1618 -> Chat: we're going to focus on those that are showing leadership to the downside
2011-09-08 16:53:41 [Message] fib_1618 -> Chat: banks (no surprise)
2011-09-08 16:54:20 [Message] fib_1618 -> Chat: commodities look to be tracing out a huge bull flag here though
2011-09-08 16:54:38 [Message] fib_1618 -> Chat: and getting ready to follow gold's lead of the last couple of months it would seem
2011-09-08 16:54:41 [Message] fib_1618 -> Chat: speaking of which
2011-09-08 16:54:54 [Message] fib_1618 -> Chat: gold did exactly as we thought it would on Tuesday
2011-09-08 16:55:09 [Message] fib_1618 -> Chat: finding support right at the $1800 area before rallying again today
2011-09-08 16:55:19 [Message] fib_1618 -> Chat: at this point...still consolidating
2011-09-08 16:55:30 [Message] fib_1618 -> Chat: with every sell off a buy point
2011-09-08 16:56:07 [Message] fib_1618 -> Chat: the Euro (FXE) broke below its 200 day EMA yesterday
2011-09-08 16:56:29 [Message] fib_1618 -> Chat: with huge volume with this downside break
2011-09-08 16:56:33 [Message] fib_1618 -> Chat: worth a look see
2011-09-08 16:56:55 [Message] fib_1618 -> Chat: 8 day ADX is also showing that a trend to the downside has just begun
2011-09-08 16:57:26 [Message] fib_1618 -> Chat: clean energy looks very bearish here
2011-09-08 16:57:33 [Message] fib_1618 -> Chat: PBW and  PBD
2011-09-08 16:58:23 [Message] fib_1618 -> Chat: EFA doesn't look good here
2011-09-08 16:58:36 [Message] fib_1618 -> Chat: it needs to hold Tuesday's lows or it's going to fall apart
2011-09-08 17:00:28 [Message] fib_1618 -> Chat: the Semi's remain very weak
2011-09-08 17:01:29 [Message] fib_1618 -> Chat: and the rest of the charts are bearish, and would move lower with a larger move, but not leading
2011-09-08 17:01:47 [Message] fib_1618 -> Chat: countries...
2011-09-08 17:02:17 [Message] fib_1618 -> Chat: Europe, overall, looks sick
2011-09-08 17:03:00 [Message] fib_1618 -> Chat: as many of the charts were only able to stay above their 20 day EMA's for 2 days before collapsing last Monday
2011-09-08 17:03:27 [Message] fib_1618 -> Chat: Germany is in bad shape - EWG
2011-09-08 17:03:48 [Message] fib_1618 -> Chat: so is Italy - EWI
2011-09-08 17:04:22 [Message] fib_1618 -> Chat: add Japan as well...now testing its tsunami lows - EWJ
2011-09-08 17:05:31 [Message] fib_1618 -> Chat: here's something surprising given the recent news
2011-09-08 17:05:57 [Message] fib_1618 -> Chat: but the Swiss chart has already broken below the crash and March lows this week - EWL
2011-09-08 17:06:34 [Message] fib_1618 -> Chat: so...nothing looking constructive worldwide right now...especially in Europe
2011-09-08 17:07:04 [Message] fib_1618 -> Chat: Airlines look bad
2011-09-08 17:07:31 [Message] fib_1618 -> Chat: Broker/Dealer looks really weak here
2011-09-08 17:07:35 [Message] fib_1618 -> Chat: and until that changes
2011-09-08 17:07:45 [Message] fib_1618 -> Chat: it's not likely we've seen the ultimate lows in the indices
2011-09-08 17:07:59 [Message] fib_1618 -> Chat: XBD is the symbol on that one
2011-09-08 17:08:29 [Message] fib_1618 -> Chat: Computer Disk Drives look to be in shambles
2011-09-08 17:08:45 [Message] fib_1618 -> Chat: so does Computer Hardware
2011-09-08 17:09:08 [Message] fib_1618 -> Chat: Cyclical's are weak overall
2011-09-08 17:09:26 [Message] fib_1618 -> Chat: so don't look for any good numbers coming out from the autos anytime soon
2011-09-08 17:10:08 [Message] fib_1618 -> Chat: on the bright side
2011-09-08 17:10:16 [Message] fib_1618 -> Chat: the XAU tested its all time highs today
2011-09-08 17:10:33 [Message] fib_1618 -> Chat: we've been seeing nice improvement there over the last month with the breadth charts
2011-09-08 17:10:39 [Message] fib_1618 -> Chat: so no big surprise there
2011-09-08 17:10:52 [Message] fib_1618 -> Chat: HUI is at all time highs
2011-09-08 17:11:12 [Message] fib_1618 -> Chat: I guess the Gold Miners are as well
2011-09-08 17:11:19 [Message] fib_1618 -> Chat: so it's just a matter of time for the XAU
2011-09-08 17:11:23 [Message] fib_1618 -> Chat: which also says
2011-09-08 17:11:31 [Message] fib_1618 -> Chat: that we're not close to being done with Gold yet
2011-09-08 17:12:04 [Message] fib_1618 -> Chat: as I mentioned on Tuesday...we might have a new upside objective of $2250 here
2011-09-08 17:12:34 [Message] fib_1618 -> Chat: Insurance is also showing a lot of weakness here
2011-09-08 17:12:50 [Message] fib_1618 -> Chat: Networking as well
2011-09-08 17:13:24 [Message] fib_1618 -> Chat: so that gives us something to work with this weekend
2011-09-08 17:13:38 [Message] fib_1618 -> Chat: and don't forget to utilize the data from DP on this
2011-09-08 17:14:01 [Message] fib_1618 -> Chat: keeping in mind that 60% of a successful trade is based on the market environment
2011-09-08 17:14:07 [Message] fib_1618 -> Chat: 30% on the sector
2011-09-08 17:14:15 [Message] fib_1618 -> Chat: and only 10% on picking the right issue
2011-09-08 17:14:50 [Message] fib_1618 -> Chat: DP helps quite a bit in peeling away the husk to find the best corn
2011-09-08 17:15:04 [Message] fib_1618 -> Chat: interest rates
2011-09-08 17:15:19 [Message] fib_1618 -> Chat: 3 month T-Bill offering .02%
2011-09-08 17:15:24 [Message] fib_1618 -> Chat: amazing
2011-09-08 17:15:39 [Message] fib_1618 -> Chat: 6 month at .07%
2011-09-08 17:15:55 [Message] fib_1618 -> Chat: 1 year at .12%
2011-09-08 17:16:16 [Message] fib_1618 -> Chat: 2 year note at .19%
2011-09-08 17:16:22 [Message] fib_1618 -> Chat: this is unbelievable
2011-09-08 17:16:41 [Message] fib_1618 -> Chat: the 10 year is at 2%
2011-09-08 17:16:50 [Message] fib_1618 -> Chat: if you have the cash...buy a home
2011-09-08 17:17:31 [Message] fib_1618 -> Chat: even the 20 year yield has collapsed to 2.91% matching the lows of 2009
2011-09-08 17:17:52 [Message] fib_1618 -> Chat: and the 30 year is at 3.32%
2011-09-08 17:18:03 [Message] fib_1618 -> Chat: wow
2011-09-08 17:18:33 [Message] fib_1618 -> Chat: anything else you wish to discuss?
2011-09-08 17:18:45 [Message] fib_1618 -> Chat: sorry that there's nothing to add to Tuesday's chat
2011-09-08 17:19:14 [Message] fib_1618 -> Chat: the market is just undecided on what to do
2011-09-08 17:19:52 [Message] fib_1618 -> Chat: so continue to watch breadth plurality
2011-09-08 17:19:54 [Message] fib_1618 -> Chat: hit and run
2011-09-08 17:20:07 [Message] fib_1618 -> Chat: and be patient and discipline
2011-09-08 17:20:31 [Message] fib_1618 -> Chat: because we're getting very close again to some sort of fireworks again given the compression we're seeing here
2011-09-08 17:21:17 [Message] fib_1618 -> Chat: anybody have any trading ideas that they wish to share with the group?
2011-09-08 17:23:59 [Message] fib_1618 -> Chat: OK...well...I don't have anything else to share tonight
2011-09-08 17:24:06 [Message] fib_1618 -> Chat: so I'm going to close a bit early...
2011-09-08 17:24:15 [Message] fib_1618 -> Chat: hopefully we'll have something take place by next Tuesday
2011-09-08 17:24:22 [Message] fib_1618 -> Chat: in the meantime
2011-09-08 17:24:28 [Message] sp 112358 -> Chat: Thanks Dave
2011-09-08 17:24:33 [Message] EricD -> Chat: Thanks
2011-09-08 17:24:33 [Message] fib_1618 -> Chat: make sure you hit the cumulative charts this weekend
2011-09-08 17:24:55 [Message] fib_1618 -> Chat: the BETS is going to be interesting to see how its going to react
2011-09-08 17:25:04 [Message] fib_1618 -> Chat: and don't forget the breadth charts
2011-09-08 17:25:12 [Message] fib_1618 -> Chat: yes Sam
2011-09-08 17:25:27 [Message] fib_1618 -> Chat: did you have something for us?
2011-09-08 17:25:34 [Message] sp 112358 -> Chat: Hurst followers looking for hard down in their cycle work anytime now
2011-09-08 17:25:46 [Message] fib_1618 -> Chat: do you know when the 80 week is due?
2011-09-08 17:25:57 [Message] fib_1618 -> Chat: I think it's November?
2011-09-08 17:26:21 [Message] fib_1618 -> Chat: Doc would know...one moment...let me check something
2011-09-08 17:26:34 [Message] PrincelyM -> Chat: December I guess
2011-09-08 17:27:30 [Message] fib_1618 -> Chat: he hasn't posted it as yet...maybe I can ask him to give us a status report on the TW message board
2011-09-08 17:27:58 [Message] sp 112358 -> Chat: Not sure, but 5 week low expected next week with a target of 1100 by Doc on investors hub
2011-09-08 17:28:06 [Message] fib_1618 -> Chat: thank you
2011-09-08 17:28:30 [Message] fib_1618 -> Chat: well...we have to break 1120 cash to show that the resumption has started
2011-09-08 17:28:34 [Message] PrincelyM -> Chat: He posted on the 80W a little while back..and it was targeted for December sometime
2011-09-08 17:28:47 [Message] PrincelyM -> Chat: and with an FLD target of 1010 SPX
2011-09-08 17:28:52 [Message] fib_1618 -> Chat: I made a post in the Elliott crash thread last night with some new price targets that might be of interest
2011-09-08 17:29:10 [Message] EricD -> Chat: Is there an explanation of the BETS anyplace?
2011-09-08 17:29:19 [Message] fib_1618 -> Chat: right here!
2011-09-08 17:29:21 [Message] fib_1618 -> Chat:
2011-09-08 17:29:59 [Message] fib_1618 -> Chat: the BETS is a cumulative total of the position of the Cumulative breadth, volume, and NH/NL charts I post each week
2011-09-08 17:30:17 [Message] fib_1618 -> Chat: when a single chart in a bullish or bearish configuration it's given 5 points
2011-09-08 17:30:29 [Message] fib_1618 -> Chat: last week the number was a -15
2011-09-08 17:30:43 [Message] EricD -> Chat: Thanks
2011-09-08 17:30:51 [Message] fib_1618 -> Chat: which means of the 20 charts shown, there was a plurality of 3 that were in bearish configurations
2011-09-08 17:31:06 [Message] fib_1618 -> Chat: but if you dig deeper into the data itself
2011-09-08 17:31:29 [Message] fib_1618 -> Chat: you will find that there are many charts that are so congested right now that this number can flip quite quickly
2011-09-08 17:31:34 [Message] fib_1618 -> Chat: as it did last week
2011-09-08 17:31:41 [Message] fib_1618 -> Chat: it went from a -40 to a -15
2011-09-08 17:31:43 [Message] fib_1618 -> Chat: now
2011-09-08 17:31:50 [Message] fib_1618 -> Chat: it could be a snapback we saw here
2011-09-08 17:31:56 [Message] fib_1618 -> Chat: if that's the case
2011-09-08 17:32:05 [Message] fib_1618 -> Chat: then money is about to make a large shift lower again
2011-09-08 17:32:15 [Message] fib_1618 -> Chat: right now...it's experimental
2011-09-08 17:32:22 [Message] fib_1618 -> Chat: but the track record so far has been exceptional
2011-09-08 17:32:41 [Message] fib_1618 -> Chat: better than I would had expected
2011-09-08 17:33:00 [Message] fib_1618 -> Chat: and you KNOW I'm a big fan of breadth and volume analysis to begin with
2011-09-08 17:33:33 [Message] fib_1618 -> Chat: it's become a great compliment to what we do here in the chat
2011-09-08 17:33:43 [Message] fib_1618 -> Chat: and that's the best thing that could have happened
2011-09-08 17:33:57 [Message] fib_1618 -> Chat: and why I've decided to put my name on it
2011-09-08 17:34:08 [Message] fib_1618 -> Chat: who knows..
2011-09-08 17:34:39 [Message] fib_1618 -> Chat: maybe one day everyone will be looking to what the "BETS" is showing before placing their own
2011-09-08 17:35:00 [Message] fib_1618 -> Chat: OK...if there's nothing else
2011-09-08 17:35:04 [Message] fib_1618 -> Chat: I'm going to take off
2011-09-08 17:35:09 [Message] fib_1618 -> Chat: everyone have a great weekend
2011-09-08 17:35:19 [Message] fib_1618 -> Chat: and we'll meet up together again on Tuesday
2011-09-08 17:35:20 [Message] fib_1618 -> Chat: good night



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