Again...my apologies for the delay in getting this to you...I didn't receive it until 6:00 Eastern on the 17th.

***********************************2013-09-17 16:00:54 [Message] fib_1618 -> Chat: good day2013-09-17 16:00:58 [Message] fib_1618 -> Chat: how is everyone?2013-09-17 16:02:04 [Message] thespookyone -> Chat: Very Well, thx2013-09-17 16:02:14 [Message] fib_1618 -> Chat: OK...any questions or comments before we get started??2013-09-17 16:02:56 [Message] thespookyone -> Chat: Did an 80 minute seminar (free for me) with John Bollinger today-Nice guy, smart, works hard 2013-09-17 16:03:29 [Message] fib_1618 -> Chat: Yes...John is a real nice, low key2013-09-17 16:03:35 [Message] fib_1618 -> Chat: what did you learn?2013-09-17 16:03:56 [Message] thespookyone -> Chat: he's coming up with a lot of new indicators2013-09-17 16:04:06 [Message] thespookyone -> Chat: should be great2013-09-17 16:04:06 [Message] fib_1618 -> Chat: he's been doing that for years 2013-09-17 16:04:28 [Message] thespookyone -> Chat: yep, knew him in 1991-hasn't changed2013-09-17 16:04:32 [Message] fib_1618 -> Chat: was this an internet seminar or live?2013-09-17 16:04:40 [Message] thespookyone -> Chat: internet2013-09-17 16:04:46 [Message] fib_1618 -> Chat: at his site?2013-09-17 16:05:03 [Message] thespookyone -> Chat: Tradestation - drew 500 people2013-09-17 16:05:16 [Message] fib_1618 -> Chat: nice2013-09-17 16:05:34 [Message] fib_1618 -> Chat: and his indicators...momentum based?2013-09-17 16:05:55 [Message] thespookyone -> Chat: yes, and he is combining up to three into 12013-09-17 16:06:14 [Message] fib_1618 -> Chat: an ultimate Bollinger Band? 2013-09-17 16:06:35 [Message] thespookyone -> Chat: absolutely-looked like it will call turns pretty nice2013-09-17 16:06:44 [Message] fib_1618 -> Chat: and the name?2013-09-17 16:06:57 [Message] thespookyone -> Chat: he didn't say yet2013-09-17 16:07:01 [Message] fib_1618 -> Chat: ha2013-09-17 16:07:10 [Message] thespookyone -> Chat: I'll tell in here when I hear2013-09-17 16:07:21 [Message] fib_1618 -> Chat: Bollinger Band 2.0 2013-09-17 16:07:34 [Message] thespookyone -> Chat: at least, maybe 5.02013-09-17 16:07:42 [Message] fib_1618 -> Chat: probably2013-09-17 16:07:51 [Message] fib_1618 -> Chat: OK...let's get DP up and get started2013-09-17 16:07:58 [Message] thespookyone -> Chat: very modest, considering his skill2013-09-17 16:08:22 [Message] fib_1618 -> Chat: he's a mathematician2013-09-17 16:08:27 [Message] fib_1618 -> Chat: they usually are2013-09-17 16:08:48 [Message] thespookyone -> Chat: interestingly, he only trades equities2013-09-17 16:08:48 [Message] fib_1618 -> Chat: after taking a pause on Friday2013-09-17 16:08:59 [Message] fib_1618 -> Chat: the CO NYSE breadth MCO was able to move to higher highs today2013-09-17 16:09:12 [Message] fib_1618 -> Chat: and as we discussed on Thursday2013-09-17 16:09:29 [Message] fib_1618 -> Chat: this is now enough of a "throttle up" to close the MCSUM gap resistance area and solidify the recent lows as a tradable bottom2013-09-17 16:10:22 [Message] fib_1618 -> Chat: we also note that today's push higher was enough to move up and through the important +250 level on the NYSE CO breadth MCSUM2013-09-17 16:10:52 [Message] fib_1618 -> Chat: so the next minor expectation will be for a challenge of the +500 level2013-09-17 16:11:30 [Message] fib_1618 -> Chat: with the major expectation now is to challenge the declining tops line controlling the pattern from the May and July period 2013-09-17 16:12:45 [Message] fib_1618 -> Chat: but for the bulls2013-09-17 16:13:04 [Message] fib_1618 -> Chat: this is another important step in the development of an advancing trend2013-09-17 16:13:15 [Message] fib_1618 -> Chat: and we can now expect prices to continue higher for another week or so2013-09-17 16:13:37 [Message] fib_1618 -> Chat: it's also important to understand2013-09-17 16:13:55 [Message] fib_1618 -> Chat: that if, by some chance, the CO breadth MCO can even move to higher highs with this sequence2013-09-17 16:14:05 [Message] fib_1618 -> Chat: not only will we break above the declining tops line in the CO NYSE breadth MCSUM2013-09-17 16:14:21 [Message] fib_1618 -> Chat: but this would also clear the way to see new all time highs in the NYA itself2013-09-17 16:14:22 [Message] fib_1618 -> Chat: for now2013-09-17 16:14:33 [Message] fib_1618 -> Chat: we're cleared now for a challenge of those highs2013-09-17 16:14:49 [Message] fib_1618 -> Chat: at 10,3122013-09-17 16:15:16 [Message] fib_1618 -> Chat: moving to the NYSE Composite breadth MCO2013-09-17 16:15:23 [Message] fib_1618 -> Chat: and we see here that we also moved to higher highs today2013-09-17 16:15:51 [Message] fib_1618 -> Chat: and as we talked about last week2013-09-17 16:16:29 [Message] fib_1618 -> Chat: this would need to happen in order for the NYSE Composite breadth MCSUM to move above both its zero line and its gap resistance area2013-09-17 16:16:49 [Message] fib_1618 -> Chat: so this now opens the door for this MCSUM to continue its journey to the +250 level2013-09-17 16:17:14 [Message] fib_1618 -> Chat: oh...2013-09-17 16:17:26 [Message] fib_1618 -> Chat: and we closed today right at the declining tops line on the NYSE breadth MCSUM chart2013-09-17 16:17:32 [Message] fib_1618 -> Chat: so with this higher high in the MCO2013-09-17 16:17:45 [Message] fib_1618 -> Chat: we should have no problems moving above this line of resistance on Wednesday2013-09-17 16:17:49 [Message] fib_1618 -> Chat: and as we very well know2013-09-17 16:18:07 [Message] fib_1618 -> Chat: whenever we get technical breakouts or breakdowns on the MCSUM2013-09-17 16:18:24 [Message] fib_1618 -> Chat: whether they be horizontal or based on a trendline2013-09-17 16:18:46 [Message] fib_1618 -> Chat: prices will usually respond with a "statement day"2013-09-17 16:18:50 [Message] fib_1618 -> Chat: in this case2013-09-17 16:19:04 [Message] fib_1618 -> Chat: letting everyone know who has the power...in this case, the bulls2013-09-17 16:19:21 [Message] fib_1618 -> Chat: looking at the price chart of the NYA2013-09-17 16:19:36 [Message] fib_1618 -> Chat: and we see that we gaped above overhead resistance 2013-09-17 16:19:47 [Message] fib_1618 -> Chat: and we finished off a nice digestion day today2013-09-17 16:19:53 [Message] fib_1618 -> Chat: while closing near the highs of the day2013-09-17 16:20:18 [Message] fib_1618 -> Chat: this is usually an excellent sign that we're in store for some more up as soon as tomorrow2013-09-17 16:20:33 [Message] fib_1618 -> Chat: also keep in mind2013-09-17 16:20:49 [Message] fib_1618 -> Chat: that the upside target for the NYA given back in November of last year is around 98002013-09-17 16:20:58 [Message] fib_1618 -> Chat: and that should be easily met near term2013-09-17 16:21:06 [Message] fib_1618 -> Chat: and now2013-09-17 16:21:15 [Message] fib_1618 -> Chat: we have indications that we're going beyond that2013-09-17 16:21:22 [Message] fib_1618 -> Chat: to at least a challenge of the all time highs on the NYA2013-09-17 16:21:47 [Message] fib_1618 -> Chat: after having a false start on Monday2013-09-17 16:22:00 [Message] fib_1618 -> Chat: the NASDAQ Composite had an inside range day today2013-09-17 16:22:06 [Message] fib_1618 -> Chat: and with yesterday being a down close2013-09-17 16:22:11 [Message] fib_1618 -> Chat: we should have an up close on Wednesday2013-09-17 16:22:18 [Message] fib_1618 -> Chat: looking at the NASDAQ breadth MCO2013-09-17 16:22:28 [Message] fib_1618 -> Chat: and we see that it hasn't as yet moved to higher highs2013-09-17 16:22:47 [Message] fib_1618 -> Chat: but looking at the close up chart2013-09-17 16:23:00 [Message] fib_1618 -> Chat: we see that have now partially filled our MCSUM gap resistance zone2013-09-17 16:23:20 [Message] fib_1618 -> Chat: so don't be too surprised that once this area of void is completely filled2013-09-17 16:23:27 [Message] fib_1618 -> Chat: that we also get higher highs in this MCO2013-09-17 16:23:48 [Message] fib_1618 -> Chat: in fact2013-09-17 16:24:03 [Message] fib_1618 -> Chat: the NASDAQ price pattern has a feel to it that it's about to "run away"2013-09-17 16:24:25 [Message] fib_1618 -> Chat: starting recently from the June lows2013-09-17 16:24:35 [Message] fib_1618 -> Chat: as it raced to new highs2013-09-17 16:24:48 [Message] fib_1618 -> Chat: and then provided a very shallow correction2013-09-17 16:24:55 [Message] fib_1618 -> Chat: another burst higher2013-09-17 16:25:00 [Message] fib_1618 -> Chat: another shallow correction2013-09-17 16:25:13 [Message] fib_1618 -> Chat: and if it probably wasn't for Monday being news driven day in the market2013-09-17 16:25:20 [Message] fib_1618 -> Chat: the higher highs would had probably held2013-09-17 16:25:24 [Message] fib_1618 -> Chat: regardless2013-09-17 16:25:42 [Message] fib_1618 -> Chat: the chart has a certain feel to it that 2013-09-17 16:25:51 [Message] fib_1618 -> Chat: like we've seen this before2013-09-17 16:25:55 [Message] fib_1618 -> Chat: like in 19992013-09-17 16:26:20 [Message] thespookyone -> Chat: have been thinking the same..2013-09-17 16:26:24 [Message] fib_1618 -> Chat: the NDX also had an inside range day2013-09-17 16:26:33 [Message] fib_1618 -> Chat: and notice where the NDX breadth MCSUM is right now2013-09-17 16:26:40 [Message] fib_1618 -> Chat: with a +7272013-09-17 16:26:52 [Message] fib_1618 -> Chat: as we talked about a couple of weeks ago2013-09-17 16:27:09 [Message] fib_1618 -> Chat: this still seems the one index where one would get the biggest bang for their bullish buck right now2013-09-17 16:27:21 [Message] fib_1618 -> Chat: and there's no doubt on who's leading us higher here2013-09-17 16:27:33 [Message] fib_1618 -> Chat: so while everyone keeps looking at one stock2013-09-17 16:27:52 [Message] fib_1618 -> Chat: the other 99 are indicating something special going on here2013-09-17 16:28:14 [Message] fib_1618 -> Chat: boy...higher highs here on this MCO2013-09-17 16:28:18 [Message] fib_1618 -> Chat: would be...wow2013-09-17 16:28:27 [Message] fib_1618 -> Chat: I don't even know if I can explain what may happen here2013-09-17 16:28:42 [Message] fib_1618 -> Chat: but suffice it to say2013-09-17 16:28:49 [Message] fib_1618 -> Chat: it would have major bullish implications2013-09-17 16:29:13 [Message] fib_1618 -> Chat: and would, for our purposes here, would be more than enough to reach our upside targets in this and the COMPQ2013-09-17 16:29:26 [Message] fib_1618 -> Chat: oh man!2013-09-17 16:29:32 [Message] fib_1618 -> Chat: new highs on the SPX breadth MCO!2013-09-17 16:29:41 [Message] fib_1618 -> Chat: long and strong folks2013-09-17 16:29:55 [Message] fib_1618 -> Chat: this market is about to throttle up...literally2013-09-17 16:30:08 [Message] fib_1618 -> Chat: is that new closing price highs today on the SPX?2013-09-17 16:30:10 [Message] fib_1618 -> Chat: let me check2013-09-17 16:30:40 [Message] fib_1618 -> Chat: just short2013-09-17 16:30:50 [Message] fib_1618 -> Chat: but we will now see new closing highs as soon as Wednesday2013-09-17 16:31:14 [Message] fib_1618 -> Chat: the most exciting news here is that2013-09-17 16:31:23 [Message] fib_1618 -> Chat: all of the volume lines are at new all time highs2013-09-17 16:31:33 [Message] fib_1618 -> Chat: so it would appear that we have a lot of institutional funds moving in now2013-09-17 16:31:47 [Message] fib_1618 -> Chat: all that money that has been on the sidelines2013-09-17 16:31:52 [Message] fib_1618 -> Chat: now looks to be moving in2013-09-17 16:32:00 [Message] fib_1618 -> Chat: and with too much demand2013-09-17 16:32:06 [Message] fib_1618 -> Chat: and not enough supply...2013-09-17 16:32:08 [Message] fib_1618 -> Chat: you do the math 2013-09-17 16:32:41 [Message] fib_1618 -> Chat: with this higher high in the SPX breadth MCO2013-09-17 16:32:54 [Message] fib_1618 -> Chat: we are now cleared to move above the +500 level on the SPX breadth MCSUM2013-09-17 16:33:27 [Message] fib_1618 -> Chat: with a challenge of the declining tops line, at around +800, the primary target for now2013-09-17 16:33:53 [Message] fib_1618 -> Chat: as we continue to move through the charts tonight2013-09-17 16:34:07 [Message] fib_1618 -> Chat: pay special attention to the individual postings on all the MCSUM's2013-09-17 16:34:17 [Message] fib_1618 -> Chat: the wider the separation2013-09-17 16:34:21 [Message] fib_1618 -> Chat: the more the money moving in2013-09-17 16:34:27 [Message] fib_1618 -> Chat: the more conviction there is2013-09-17 16:34:35 [Message] fib_1618 -> Chat: the more money to be made on the upside2013-09-17 16:34:44 [Message] fib_1618 -> Chat: don't make it any more complicated than that2013-09-17 16:34:54 [Message] fib_1618 -> Chat: nothing else really matters here2013-09-17 16:35:16 [Message] fib_1618 -> Chat: aside from not being in a position to increase your capital with this same flow of funds2013-09-17 16:35:44 [Message] fib_1618 -> Chat: the OEX breadth MCO is again challenging the 52 week highs made last week2013-09-17 16:36:05 [Message] fib_1618 -> Chat: which is something that is quite difficult to do when we get above the +80 level on the MCO2013-09-17 16:36:17 [Message] fib_1618 -> Chat: today we closed with a +1072013-09-17 16:37:01 [Message] fib_1618 -> Chat: the declining tops line here on the OEX breadth MCSUM is around +7502013-09-17 16:37:20 [Message] fib_1618 -> Chat: I guess we were too conservative last Thursday on the timing of all this, huh?2013-09-17 16:38:59 [Message] fib_1618 -> Chat: was checking the numbers again2013-09-17 16:39:11 [Message] fib_1618 -> Chat: and note that we have already moved above the 2007 price highs here in the OEX2013-09-17 16:39:16 [Message] fib_1618 -> Chat: in fact2013-09-17 16:39:20 [Message] fib_1618 -> Chat: if you look at the chart2013-09-17 16:39:43 [Message] fib_1618 -> Chat: you will note that on the last pause the price average moved to around...what?2013-09-17 16:39:45 [Message] fib_1618 -> Chat: anyone?2013-09-17 16:40:02 [Message] fib_1618 -> Chat: looks like around 727?2013-09-17 16:40:09 [Message] fib_1618 -> Chat: what was the old highs of 2007?2013-09-17 16:40:14 [Message] fib_1618 -> Chat: that's right...7272013-09-17 16:40:22 [Message] fib_1618 -> Chat: so a perfect snapback to the old highs2013-09-17 16:40:28 [Message] thespookyone -> Chat: wow2013-09-17 16:40:36 [Message] fib_1618 -> Chat: and now we're on our way to join everyone else at new all time highs2013-09-17 16:41:13 [Message] fib_1618 -> Chat: the high was actually 729.79 on a closing basis2013-09-17 16:41:46 [Message] fib_1618 -> Chat: the LOW was 728.632013-09-17 16:41:47 [Message] thespookyone -> Chat: everyone seems to be hunting for a top-while in a simple TA sense, it looks like a high level consolidation ready to explode North2013-09-17 16:41:49 [Message] fib_1618 -> Chat: well, how do you like that?2013-09-17 16:42:07 [Message] fib_1618 -> Chat: too funny2013-09-17 16:42:10 [Message] fib_1618 -> Chat: let's clarify this2013-09-17 16:42:20 [Message] fib_1618 -> Chat: the old high on a closing basis was 729.79 in 20072013-09-17 16:42:38 [Message] fib_1618 -> Chat: the closing low from last month was 729.712013-09-17 16:42:45 [Message] fib_1618 -> Chat: unbelievable2013-09-17 16:42:55 [Message] fib_1618 -> Chat: you got to love this2013-09-17 16:43:06 [Message] fib_1618 -> Chat: talk about precision2013-09-17 16:43:15 [Message] fib_1618 -> Chat: back to the all time highs...let me check2013-09-17 16:43:44 [Message] fib_1618 -> Chat: 832.652013-09-17 16:43:47 [Message] fib_1618 -> Chat: closing basis2013-09-17 16:43:55 [Message] fib_1618 -> Chat: gonna to write that down2013-09-17 16:44:28 [Message] fib_1618 -> Chat: so about 72 points away2013-09-17 16:44:43 [Message] fib_1618 -> Chat: that would be about....oh...700 Dow points2013-09-17 16:44:54 [Message] fib_1618 -> Chat: anyway2013-09-17 16:45:03 [Message] fib_1618 -> Chat: this is our goal now for the end of 20132013-09-17 16:45:33 [Message] fib_1618 -> Chat: the Dow breadth MCSUM moved back above its zero line today2013-09-17 16:46:12 [Message] fib_1618 -> Chat: on our way to challenging both the +250 level and what was previous horizontal support seen on the chart2013-09-17 16:46:17 [Message] fib_1618 -> Chat: so we should get there now 2013-09-17 16:46:25 [Message] fib_1618 -> Chat: but whether we break above it still remains to be seen2013-09-17 16:46:25 [Message] thespookyone -> Chat: why 700 DOW points?2013-09-17 16:46:41 [Message] fib_1618 -> Chat: the correlation between the Dow and the OEX is about 10:1 these day2013-09-17 16:46:50 [Message] thespookyone -> Chat: thx2013-09-17 16:46:55 [Message] fib_1618 -> Chat: for example2013-09-17 16:47:00 [Message] fib_1618 -> Chat: the Dow closed up 34 today2013-09-17 16:47:03 [Message] fib_1618 -> Chat: the OEX was 3.252013-09-17 16:47:11 [Message] fib_1618 -> Chat: it's been running this way for about a year now2013-09-17 16:47:11 [Message] thespookyone -> Chat: ah2013-09-17 16:47:20 [Message] thespookyone -> Chat: good info, thx2013-09-17 16:47:38 [Message] fib_1618 -> Chat: we also have a small point change on the Dow breadth MCO tonight2013-09-17 16:47:49 [Message] fib_1618 -> Chat: so the pattern is compressed a bit2013-09-17 16:47:57 [Message] fib_1618 -> Chat: overall though2013-09-17 16:48:24 [Message] fib_1618 -> Chat: it would appear that today was a "set up" day for the eventual break out to new highs that should happen in the next two days2013-09-17 16:49:07 [Message] fib_1618 -> Chat: OK...we also got higher highs in the MID breadth MCO2013-09-17 16:49:14 [Message] fib_1618 -> Chat: so as we discussed last week2013-09-17 16:49:29 [Message] fib_1618 -> Chat: that's all that would be needed to see prices break above the previous highs2013-09-17 16:49:49 [Message] fib_1618 -> Chat: so it would seem that all ships are starting to feel the effects of fresh money coming in2013-09-17 16:49:52 [Message] fib_1618 -> Chat: in theory...2013-09-17 16:49:56 [Message] fib_1618 -> Chat: that being of QE32013-09-17 16:50:36 [Message] fib_1618 -> Chat: but we do note that the bulls still have a bit more work to do to close their MCSUM gap resistance area2013-09-17 16:50:48 [Message] fib_1618 -> Chat: but if the volume side is looking anything like what we're seeing here2013-09-17 16:51:08 [Message] fib_1618 -> Chat: it would be just a matter of time before everything starts to rock and roll2013-09-17 16:51:40 [Message] fib_1618 -> Chat: new all time closing highs today on the SML2013-09-17 16:51:52 [Message] fib_1618 -> Chat: and also on the RUT2013-09-17 16:52:05 [Message] fib_1618 -> Chat: so everyone seems to be participating here2013-09-17 16:52:21 [Message] fib_1618 -> Chat: but what would lock in the new highs 2013-09-17 16:52:34 [Message] fib_1618 -> Chat: is that we'll need to see the SML breadth MCO move to higher highs as well2013-09-17 16:52:41 [Message] fib_1618 -> Chat: and that looks doable near term2013-09-17 16:53:40 [Message] fib_1618 -> Chat: the Wilshire 5000 missed closing at new all time highs today by 12 points2013-09-17 16:53:52 [Message] fib_1618 -> Chat: but with the TM breadth MCO moving to higher highs2013-09-17 16:54:03 [Message] fib_1618 -> Chat: we should see this take place in the next couple of days2013-09-17 16:54:04 [Message] fib_1618 -> Chat: so...2013-09-17 16:54:16 [Message] fib_1618 -> Chat: buckle your seat belts folks2013-09-17 16:54:30 [Message] fib_1618 -> Chat: as it appears that we're about to throttle up here2013-09-17 16:55:06 [Message] fib_1618 -> Chat: as the whole market seems to be synching up, both internally and externally, for a re-initiation of the rally from the November lows2013-09-17 16:55:33 [Message] fib_1618 -> Chat: today's higher highs in the MCO's suggests that we're likely to keep positive through the rest of September2013-09-17 16:55:40 [Message] fib_1618 -> Chat: and for the first half of October2013-09-17 16:56:02 [Message] fib_1618 -> Chat: maybe into OPEX? we can't say for sure yet2013-09-17 16:56:10 [Message] fib_1618 -> Chat: but if we get our higher highs across the board2013-09-17 16:56:16 [Message] fib_1618 -> Chat: and volume is confirming2013-09-17 16:56:28 [Message] fib_1618 -> Chat: then the entire month of October is likely to be a good one2013-09-17 16:56:38 [Message] fib_1618 -> Chat: and that should be enough to extend this into the end of this year2013-09-17 16:56:52 [Message] fib_1618 -> Chat: with a probably January surprise2013-09-17 16:57:02 [Message] fib_1618 -> Chat: but let's not get too far ahead of ourselves2013-09-17 16:57:12 [Message] thespookyone -> Chat: I've been watching some individual charts that look like they have a lot of room...2013-09-17 16:57:17 [Message] fib_1618 -> Chat: as we still have to get the breadth MCO's in agreement2013-09-17 16:57:26 [Message] fib_1618 -> Chat: and we still have to get above the declining tops lines on the MCSUM's2013-09-17 16:57:39 [Message] fib_1618 -> Chat: the sentiment here remains...2013-09-17 16:57:45 [Message] fib_1618 -> Chat: what's the word2013-09-17 16:57:51 [Message] fib_1618 -> Chat: nervous?2013-09-17 16:57:59 [Message] fib_1618 -> Chat: there's no excitement here2013-09-17 16:58:21 [Message] fib_1618 -> Chat: it seems that most are looking at this as a short term blip2013-09-17 16:58:39 [Message] fib_1618 -> Chat: that we're even seeing posters continue to say that we're in a down trend2013-09-17 16:58:47 [Message] fib_1618 -> Chat: of which I can't understand2013-09-17 16:59:04 [Message] fib_1618 -> Chat: especially after today2013-09-17 16:59:11 [Message] fib_1618 -> Chat: anyway...2013-09-17 16:59:18 [Message] fib_1618 -> Chat: let's see how the volume McClellan's are doing2013-09-17 16:59:56 [Message] fib_1618 -> Chat: both the NYSE CO and Composite volume MCO's are challenging their recent highs2013-09-17 17:00:04 [Message] fib_1618 -> Chat: but haven't moved to higher highs...yet2013-09-17 17:00:55 [Message] fib_1618 -> Chat: remember that we usually see these kinds of violations in the volume MCO's when prices actually move through their own areas of resistance or support2013-09-17 17:01:16 [Message] fib_1618 -> Chat: so we would have confirmation of any further rally in prices if we see the volume MCO's move to new highs2013-09-17 17:01:32 [Message] fib_1618 -> Chat: with any price breakout being suspect if we didn't see new MCO highs2013-09-17 17:02:12 [Message] fib_1618 -> Chat: the NASDAQ volume MCO continues to sneak higher2013-09-17 17:02:37 [Message] fib_1618 -> Chat: we'll have to see if we get better trend strength here on an impending upside breakout here2013-09-17 17:02:57 [Message] fib_1618 -> Chat: the NDX volume MCSUM has now cleared the highs of August2013-09-17 17:03:23 [Message] fib_1618 -> Chat: so we have good confirmation there of ever increasing participation in the index itself2013-09-17 17:03:25 [Message] fib_1618 -> Chat: plus2013-09-17 17:03:50 [Message] fib_1618 -> Chat: the heavy weights are getting a larger portion of any monies moving into this exchange at this time2013-09-17 17:04:10 [Message] fib_1618 -> Chat: nothing wrong with the SPX volume MCO2013-09-17 17:04:19 [Message] fib_1618 -> Chat: as it's challenging last weeks highs2013-09-17 17:05:00 [Message] fib_1618 -> Chat: eyeballing the SPX chart2013-09-17 17:05:09 [Message] fib_1618 -> Chat: and there's a good chance of seeing 1825 now2013-09-17 17:05:32 [Message] fib_1618 -> Chat: as an aside2013-09-17 17:05:53 [Message] fib_1618 -> Chat: it's also good to remember the backbone rule that goes with Elliott third waves2013-09-17 17:06:08 [Message] fib_1618 -> Chat: where we see the greatest expansion in both breadth and volume2013-09-17 17:06:18 [Message] fib_1618 -> Chat: and volume is leading here2013-09-17 17:06:28 [Message] fib_1618 -> Chat: amazing!2013-09-17 17:06:39 [Message] fib_1618 -> Chat: there you have it!2013-09-17 17:06:49 [Message] fib_1618 -> Chat: higher highs now in the OEX volume MCO!2013-09-17 17:07:05 [Message] fib_1618 -> Chat: new 52 week highs as well2013-09-17 17:07:27 [Message] fib_1618 -> Chat: the OEX volume MCSUM also continues to look like the equivalent of a "no brainer" here2013-09-17 17:07:56 [Message] fib_1618 -> Chat: as the cream of the stock pool continues to see large sums of money moving in the NDX and OEX2013-09-17 17:08:48 [Message] fib_1618 -> Chat: a textbook move in the Dow volume MCO as it moved to new highs while pushing the MCSUM back above its zero line2013-09-17 17:08:59 [Message] fib_1618 -> Chat: leaving no doubt now on whose in charge2013-09-17 17:09:17 [Message] fib_1618 -> Chat: remember the strength we saw over the last week or so in the XLI?2013-09-17 17:09:30 [Message] fib_1618 -> Chat: here's what it looks like when it hits the shores of the Dow indices2013-09-17 17:10:20 [Message] fib_1618 -> Chat: and we're still looking for a little bit more attention in the MID, SML and TM volume data2013-09-17 17:10:38 [Message] fib_1618 -> Chat: with the biggest potential in playing internal catch up coming with the MID2013-09-17 17:10:46 [Message] fib_1618 -> Chat: so all in all2013-09-17 17:11:01 [Message] fib_1618 -> Chat: as we talked about during the 1st week of September2013-09-17 17:11:07 [Message] fib_1618 -> Chat: the bears have not only run out of time2013-09-17 17:11:12 [Message] fib_1618 -> Chat: but they have now run out of options2013-09-17 17:11:30 [Message] fib_1618 -> Chat: and the trend is now back to being higher until PROVEN otherwise2013-09-17 17:12:21 [Message] fib_1618 -> Chat: now...moving to the volume oscillators2013-09-17 17:12:54 [Message] fib_1618 -> Chat: and we see that we are back to climactic levels on the CVI's2013-09-17 17:13:15 [Message] fib_1618 -> Chat: while both the STVO's and the VTO's are pretty much "overbought" now2013-09-17 17:13:27 [Message] fib_1618 -> Chat: so what's likely to happen given the McClellan data here 2013-09-17 17:13:36 [Message] fib_1618 -> Chat: is for another burst to the upside to fulfill the breakout 2013-09-17 17:13:50 [Message] fib_1618 -> Chat: and then we'll probably then chop around going into OPEX2013-09-17 17:14:04 [Message] fib_1618 -> Chat: while at the same time2013-09-17 17:14:15 [Message] fib_1618 -> Chat: see prices snapback to their respective breakout areas2013-09-17 17:14:22 [Message] fib_1618 -> Chat: and then off we go again2013-09-17 17:14:37 [Message] fib_1618 -> Chat: let's see how the TRIN's look...if they agree or not2013-09-17 17:14:50 [Message] fib_1618 -> Chat: NYSE TRIN at .772013-09-17 17:15:00 [Message] fib_1618 -> Chat: Open 10 at .802013-09-17 17:15:04 [Message] fib_1618 -> Chat: "overbought"2013-09-17 17:15:19 [Message] fib_1618 -> Chat: NASDAQ TRIN at .612013-09-17 17:15:42 [Message] fib_1618 -> Chat: Open 10 at .782013-09-17 17:15:46 [Message] fib_1618 -> Chat: "overbought"2013-09-17 17:15:58 [Message] fib_1618 -> Chat: TM TRIN at .632013-09-17 17:16:11 [Message] fib_1618 -> Chat: Open 10 at .792013-09-17 17:16:17 [Message] fib_1618 -> Chat: again..."overbought"2013-09-17 17:16:26 [Message] fib_1618 -> Chat: and the Open 10's are in sync here2013-09-17 17:16:43 [Message] fib_1618 -> Chat: which is indicative of a general market trend2013-09-17 17:16:50 [Message] fib_1618 -> Chat: you've noticed before2013-09-17 17:17:04 [Message] fib_1618 -> Chat: when we get the Open 10's moving in different direction 2013-09-17 17:17:13 [Message] fib_1618 -> Chat: that the overall market tends to be quite choppy2013-09-17 17:17:20 [Message] fib_1618 -> Chat: that is not the case right now2013-09-17 17:17:34 [Message] fib_1618 -> Chat: and this could "allow" an extended run 2013-09-17 17:17:59 [Message] fib_1618 -> Chat: as long as all the cylinders continue to run smoothly2013-09-17 17:18:03 [Message] fib_1618 -> Chat: so...2013-09-17 17:18:17 [Message] fib_1618 -> Chat: it would seem that the bulls have now taken back control of the market2013-09-17 17:18:29 [Message] fib_1618 -> Chat: and that we're about to see general breakouts to the upside that might very well be accompanied by high volume2013-09-17 17:18:48 [Message] fib_1618 -> Chat: if not lopsided plurality2013-09-17 17:18:57 [Message] fib_1618 -> Chat: on a trending basis2013-09-17 17:19:07 [Message] fib_1618 -> Chat: we're frothy right now2013-09-17 17:19:23 [Message] fib_1618 -> Chat: and probably in need of a couple days of back and fill2013-09-17 17:19:38 [Message] fib_1618 -> Chat: but what we can feel pretty certain about for now2013-09-17 17:19:54 [Message] fib_1618 -> Chat: is that the August lows are just another bottom behind us2013-09-17 17:20:13 [Message] fib_1618 -> Chat: and that we're on our way to continue to at least stair stepping higher2013-09-17 17:20:32 [Message] fib_1618 -> Chat: if not showing a high amount of amplitude to the upside2013-09-17 17:20:39 [Message] fib_1618 -> Chat: let me check the BETS number2013-09-17 17:21:29 [Message] fib_1618 -> Chat: new highs on the NAAD line today2013-09-17 17:22:00 [Message] fib_1618 -> Chat: NYAD is back to a Bullish Configuration2013-09-17 17:22:07 [Message] fib_1618 -> Chat: and looks like it's about to move to new highs now2013-09-17 17:22:13 [Message] fib_1618 -> Chat: nice angle of ascent there2013-09-17 17:22:17 [Message] fib_1618 -> Chat: oh...and by the way2013-09-17 17:22:25 [Message] fib_1618 -> Chat: we did move to higher highs on the last high on the NYAD line2013-09-17 17:22:55 [Message] fib_1618 -> Chat: why a large number of people decided that the StockCharts data was the proxy without checking other sources on this is beyond me2013-09-17 17:23:20 [Message] fib_1618 -> Chat: +50 on the BETS2013-09-17 17:23:35 [Message] fib_1618 -> Chat: we need a +65 for an all out Buy signal2013-09-17 17:24:05 [Message] fib_1618 -> Chat: but we're now high enough to continue to accumulate with our angle of a bullish bias now2013-09-17 17:24:13 [Message] fib_1618 -> Chat: so stops can be looser2013-09-17 17:24:44 [Message] fib_1618 -> Chat: new all time highs in the NYUD and NAUD lines2013-09-17 17:25:20 [Message] fib_1618 -> Chat: so volume plurality here is VERY strong2013-09-17 17:25:37 [Message] fib_1618 -> Chat: almost to a point of "buying with both hands"2013-09-17 17:25:56 [Message] fib_1618 -> Chat: we'll look over the sectors on Wednesday2013-09-17 17:25:59 [Message] fib_1618 -> Chat: anything else?2013-09-17 17:27:40 [Message] fib_1618 -> Chat: I don't know about you folks...but I'm finding this all very exciting on its potential2013-09-17 17:28:19 [Message] fib_1618 -> Chat: we just remember to remain disciplined2013-09-17 17:28:33 [Message] fib_1618 -> Chat: let the market keep confirming our blueprint2013-09-17 17:28:40 [Message] fib_1618 -> Chat: while at the same time2013-09-17 17:28:55 [Message] fib_1618 -> Chat: it's very important to look for things that go against this same plan of attack2013-09-17 17:29:09 [Message] fib_1618 -> Chat: no sense in getting cocky...2013-09-17 17:29:26 [Message] fib_1618 -> Chat: OK...if there's nothing else2013-09-17 17:29:30 [Message] fib_1618 -> Chat: I'm going to call it a day2013-09-17 17:29:43 [Message] fib_1618 -> Chat: remember that we have another chat tomorrow, Wednesday2013-09-17 17:29:56 [Message] fib_1618 -> Chat: as well as our usual get together on Thursday2013-09-17 17:30:04 [Message] fib_1618 -> Chat: so until then2013-09-17 17:30:16 [Message] fib_1618 -> Chat: everyone have a great rest of your day2013-09-17 17:30:26 [Message] fib_1618 -> Chat: and we'll see how things shake out in about 22 hours2013-09-17 17:30:28 [Message] fib_1618 -> Chat: good night__________________Dave's LinkedIn Profile

"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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