User [gary fullett /171.210.243.157] joined forum at Mon Mar 13 21:00:43 EST 2000
<gary fullett> good evening Frank
User [mrj /209.16.79.146] joined forum at Mon Mar 13 21:01:04 EST 2000
<Frank> 
<gary fullett> hi Mr jay
<mrj> HI Gary and Frank
<gary fullett> nice move in the grains today
<mrj> impressive
<Frank> hi mr j gary
<Frank> yes
User [sal /206.175.238.18] joined forum at Mon Mar 13 21:02:07 EST 2000
<mrj> beans especially
<gary fullett> the meal looks good should hit reistance tomorrow
<mrj> hey sal
<Frank> sal did peggy forward the email i sent u?
<gary fullett> beans are at resistance at the 523 area
<mrj> marsh will be happy
<sal> hi y'all
<gary fullett> good evening sal
<sal> gary, quick ? before ya get goin
<gary fullett> im here
<sal> how bout getting put on beans now, then buying futures on retracement
<gary fullett> he will mr j?
<gary fullett> yes
<gary fullett> I think they will retrace 10 cents
User [amos /62.0.146.24] joined forum at Mon Mar 13 21:04:21 EST 2000
<sal> no frank
<gary fullett> sell a call 25 cents out of the money in may
User [Peggy /206.173.161.26] joined forum at Mon Mar 13 21:04:42 EST 2000
<gary fullett> welcome peggy
<mrj> hhello amos Peggy
<amos> hello
<Peggy> Star Trek is over. I am here. Good evening.
User [lmarsh /12.14.197.208] joined forum at Mon Mar 13 21:05:30 EST 2000
<Peggy> hey marsh
<Frank>-><sal> sal thuis is private
<Peggy> no charts?
<gary fullett> 1 sec please
<lmarsh> hello good people!
<sal> ok
<gary fullett> tuesday charts
<mrj> hey marsh
User [sherri /209.100.190.154] joined forum at Mon Mar 13 21:06:24 EST 2000
<mrj> hi sherri
<sherri> shi everyone
<gary fullett> i am back
<Peggy> I'm flying blind this evening. I couldn't download any charts
<lmarsh> did y'all see them beans!
<gary fullett> how is everyone tonight?
<Peggy> great, excited
<gary fullett> beans ? lmrsh
<Frank>-><sal> when your indicators indicate a buy, buy when the daily low matches the indicator,
<sherri> gary...did you send charts?
<mrj> :) marsh
<gary fullett> I send charts starting on tuesday
<lmarsh> meal & beans had a good day gary
<sherri> oh...ok...thought I didn't get them
<Peggy> I have been following some biotech stock charts and
<gary fullett> well since the grains had a decent day today lets begin with them
<Peggy> I am seeing Wyckoff all over them!!!
<gary fullett> you are peggy?
User [eric /208.134.223.90] joined forum at Mon Mar 13 21:08:09 EST 2000
<gary fullett> is wyckoff helping you with your stocks?
<gary fullett> welcome eric
<mrj> hi eric
<Frank>-><sal> when your indicator says sell, sell when when the daily high matches the indicator,
<Peggy> the volume and the price action is real evident
<lmarsh> hey eric
<eric> hi gary mrj and everyone and imarsh
<gary fullett> god because wyckoff only traded stocks
<Peggy> evening eric
<gary fullett> so they should be evident with stocks
<gary fullett> first before I begin does anyone have any questions>?
<gary fullett> wyckoff related?
<Frank>-><sal> follow with a 3 cent or sixty pt stop loss, and at leaste you will stop out with a profit,unless the -
<gary fullett> then I have a questions?
<Frank>-><sal> market gaps
<gary fullett> why did the grains go up today ?
<mrj> demand
<lmarsh> demand
<eric> predict drought this summer
<Frank>-><sal> hope that helps
<amos> 
<lmarsh> also
User [davep /24.147.119.114] joined forum at Mon Mar 13 21:11:17 EST 2000
<gary fullett> eric actually that is the answer I wasnted to see
<lmarsh> friday hit support
<sal> thnks frank
<Peggy> "good" news
<gary fullett> RIGHT lmarsh
<gary fullett> right peggy :)
<gary fullett> okay lets look at the grain action
<sherri> no...bad news
<sherri> we farm
<gary fullett> the market held support last week
<Peggy> understand
<gary fullett> fridays action in the beans
<gary fullett> it went to reistance at 520
<gary fullett> then the market ppullback the rest of the day
<gary fullett> But look at the close
<gary fullett> all the grains finished the week above support
<gary fullett> as we have been talking about for the past few weeks
<gary fullett> that the grains were undergoing accumaultion right?
<Frank>-><mrj> hope the color question did not offend, a compliment to you, seldom is the empathy u expressed,
<gary fullett> so the CM bought on breaks
<gary fullett> ?
<gary fullett> and support held
<gary fullett> amos especuially said that 506 was support
<gary fullett> we all agreeed
<gary fullett> so the markets pullback was only to 508 on friaday
<gary fullett> ABOVE SUPPORT
<gary fullett> right?
<gary fullett> so we knew the cm was buying the breaks
<gary fullett> and that Demand was evient
<gary fullett> so todays gap wasnt a surprise
<gary fullett> all the weak shorts quickly covered on the opening
<gary fullett> and weak long got out on friaday
<gary fullett> but we "KNEW" the news
<Frank>-><mrj> felt out side the group, for which it is expressed. your intuition should be a real help in trading.
<gary fullett> before the 'drought" news today
<gary fullett> that is why amos and I say by watching market action
<gary fullett> price action and volume
<gary fullett> we can "see: what the CM intentions are
<eric> 
<gary fullett> the news always happens AFTER the CM has apostion in the market
<mrj>-><Frank> Thanks Frank No offense was taken 
<gary fullett> the last line is something that you all must undersatnd
<gary fullett> and belive
<gary fullett> questions?
<lmarsh> Gary / Amos: did you take Fridays' range/ action as a "tell" to predict todays move?
<Peggy> coincidence?
<gary fullett> lmarsh
<amos> absolutely not. Friday looked very bad and frightening
<gary fullett> did the market hold support friday?
<lmarsh> yes gary
<gary fullett> no one Knows when the move will happen But we must be prepared for it
<gary fullett> and have a postion in it
<gary fullett> because the move can happen anytime
<gary fullett> well if held support one should have been long right?
<lmarsh> understand....yes
<sherri> brb
User [sherri] left forum at Mon Mar 13 21:18:59 EST 2000
<sal> devil's advocate, what if cm uses drought as chance to short now
<Peggy> good Q
<gary fullett> I will answer with a question okay
<davep> <Enter Text Here>
<amos> then if the market goes down we could say that the devil made it do it
<sal> :)
<lmarsh> :)
<mrj> 
<gary fullett> do you think the Cms intention is accumaultion or distribution?
<gary fullett> if it is accumaltion this is just the begiining of a move
<gary fullett> if it is distribtion
<gary fullett> then we are going uch lower
<gary fullett> the market has done "alot of work"
<gary fullett> over the past few months
<gary fullett> what would make you believe that this is distribution and not accumaltion?
<gary fullett> ?
<sal> just thinking if drought fears were legit wouldnt we have a lot more up movement by now
<gary fullett> lmarsh get a hold of me tomorrow okay
<Frank> mk dn mk up
<gary fullett> wyckoff doesnt follow news
<gary fullett> question sal
<gary fullett> what do u think of the market action?
<sal> nov doesnt have much premium
<gary fullett> Nov is new crop right?
<Peggy> 
<sal> r
<lmarsh> will do gary,..& thanks amos for saying it looked "not to great" friday, I thought the same, but did see support hold
<lmarsh> i love this chat
<gary fullett> lmarsh that is a case
<gary fullett> of having a postion and protecting with a stop
<gary fullett> if you believe that the market is accumauting lmarsh
<gary fullett> then you buy with a stop and let the market take you out
<gary fullett> the market didnt close well on friday but above support
<gary fullett> so the market had a chance to rally
<gary fullett> one never knows when the market will rally
<gary fullett> or break which day
<gary fullett> but one Must identify accumaultion or distribution
<gary fullett> have a postion with a stop
<eric> 
<gary fullett> so even though "mrket doesnt look good"
User [fibo /206.104.30.207] joined forum at Mon Mar 13 21:25:51 EST 2000
User [fibo] left forum at Mon Mar 13 21:25:54 EST 2000
User [fibo /206.104.30.207] joined forum at Mon Mar 13 21:25:59 EST 2000
<gary fullett> if you belive it is accumaultion one must be long with a stopp
<mrj> hi fibo
<gary fullett> the CM doesnt want company
<gary fullett> so he tries to get rid of the weak longs
<gary fullett> here
<fibo> hello everyone
<gary fullett> and get the shorts trapped
<eric> hi fibo
<gary fullett> hi fibo
<Frank> hi fibo
<gary fullett> th cm intention
<Peggy> hi fibo
<gary fullett> is to move up or move down the market with u
<sal> now he waits to see how far we joe blows take it?
<gary fullett> amos would u like to speak on the bean action
<lmarsh> hi fibo
<gary fullett> yes sal
<gary fullett> protect with a top
<gary fullett> stop
<gary fullett> amos how do you read the beans?
<amos> We are in a lousy trading range betweet 5004 and 5384 but it gives us 
<gary fullett> I will be sending lots of grain charts tomorrow
<amos> so much excitment to talk about it nite after nite.
<amos> Kidding aside, it is important to understand that
<amos> this prolonged trading range (a time when supply and demand are
<amos> pretty much balanced) is a period of preparation.
<amos> If we are right and this is accumulation then the cause that is
<amos> built here--will carry prices much higher.
<amos> If you want to talk Edward and Magee lilngo--we are having
<amos> a big flag and the target is the same distance that the pole
<amos> (the pope is coming here march 21) was
<amos> and that is from 465 to 538
<lmarsh> 
<amos> add it t around 510 and you get ?
<amos> around 580
<mrj> 
<gary fullett> so your target is 580
<amos> I do not have a good P&F chart right now
<gary fullett> amos we all thought you were the pope
<amos> but I bet you the 2X3 or 3X3 count reads about that target
<amos> I do have a yarmulka
<gary fullett> :)
<Peggy> ?????
<lmarsh> ??????
<fibo> :-)
<davep> :)
<sal> can i ask a semi fundamental ?
<gary fullett> k
<amos> The small white cap the Pope is wearing is called in our lingo Yarmulka
<sal> does new like drought affect nearby beans
<lmarsh> thanks
<Peggy> oh, is he converting????
<sal> the same as new crop cause it creates demand now
<amos> sal what drought in March?
<sal> that's what I mean Amos 
<amos> All talk about drought, El Nino, La nina is such crap--please spare us this kind
<sal> the drought is really a scare for nov isnt it?
<amos> of talk on this intelligetn post
<sal> hey im not trying to be stupid ya know
<amos> BTW, I want to conrat fibo and sal for nice posts!!!
<amos> congratulate
<fibo> thanks for yours too amos
<amos> I find that most posts/forums do not allow xxxx.com.
<Frank> My hollow is as dry this time of year as i ever remember
<amos> I, on the other hand--welcom all knowledge.
<amos> As long as we talk the Pope, I must tell you this joke:
User [gary fullett /152.202.189.82] joined forum at Mon Mar 13 21:36:44 EST 2000
<eric> 
<davep> 
<amos> Two bees fly over Brooklyn. One turns to the other and says:
<amos> Have you got a Yarmulka?
<amos> "What do you need a Yarmulka for?
<amos> "KI don't want them to take me for a W A S P
<sal> i asked a question that I thought was valid, please, i dont criticize what you dont know
<fibo> lol@amos
<gary fullett> sal I got bumpoed off can u repeat?
User [Peggy] left forum at Mon Mar 13 21:38:16 EST 2000
<lmarsh> :)
<lmarsh> 
<amos> sal, I will answer all questions. I can go into a deep discussion about
<sal> 
<Frank> an old man was out on a lake in a boat
<amos> drought, soil moisture, statistics. I have done that trip.
<gary fullett> sal can you repeat?
<sal> gary i'll ask later not worth the agravation
<amos> It is NOT the way to make money in the market (at least not from a Wyckoff
<amos> point of view)--that is why I poo poophed this fundamental question.
<gary fullett> I m sorry sal I didnt see the the question
<gary fullett> as I was bumped off
<gary fullett> I believe by watchig the market action
<gary fullett> one can tell what the news will be in the future
<sal> i was trying to understand why this supposed drought scare would affect nearby, 
<Frank> a frog swam up to the boat saying kiss me i am really a beautiful princess
<gary fullett> sal you must remmeber
<gary fullett> that the funds local trader sna d everyone
<gary fullett> will buy the lead month
<gary fullett> they dont know what will happen in 5 -6 months
<gary fullett> but they get "scared" and buy the lead month
<gary fullett> or the most liquid month
<gary fullett> the funds cant trade the back months
<gary fullett> necause it is not as liquid
<gary fullett> because
<Frank> the old man picked up the frog put her in his pocket and rowed to shore, and started to walk to town
<gary fullett> so they buy the front month
<sal> but isnt the farmer a cm of a kind ?
<gary fullett> also in may beans
<gary fullett> it is more sensative to news
<gary fullett> not really a good cm unless he is cargil
<amos> sal, ask Mary if she is a CM
<gary fullett> farmer :know " their crop
<gary fullett> but sometimes they fall in love with it
<gary fullett> and they dont see the forest thru the trees
<amos> The farmer is NOT a CM.
<gary fullett> they think it is worth more than it is
<gary fullett> and then when it rallies they think it is worth more
<gary fullett> they have a vested interest in higher prices
<amos> Frank, your frog thread is cute, go on
<gary fullett> so the farmer isnt a cm
<sal> k
<Frank> the frog screamed, Aren't u going to kiss me and change me to a beautiful princesis who will love u forever
<gary fullett> even though a farmer is close to his crops
<gary fullett> and has an idea of what the srop is doing
<gary fullett> or progessing
<gary fullett> the CM CAM be a farmer is they are like Cargil
<gary fullett> but most arent
<lmarsh> 
<fibo> 
<eric> 
User [Peggy /206.173.161.153] joined forum at Mon Mar 13 21:44:36 EST 2000
<davep> 
<gary fullett> does that help sal?
<fibo> wb Peggy
<mrj> 
<Frank> the old man replied, no at this time in my life I prefer a talking Frog
<sal> y
<gary fullett> that is why amos and i diagre a tad
<gary fullett> I try only to watch the first 2 months of volume
<fibo> lol@Frank
<gary fullett> he ikes to watch all volume
<lmarsh> good en
<gary fullett> so the drought news will affect the nearby initially
<gary fullett> I have posted a few posts on the grains
<amos> How come there were no drought news on Friday and they were there on Monday?
<gary fullett> at the site
<gary fullett> wonderful question amos
<lmarsh> news is after the fact?
<gary fullett> that is why we dont watch news and watch market action
<gary fullett> yes l marsh
<fibo> since the march corn goes off tomorrow may will be lead month and is close to the weekly res. at 233 234
<sal> that was my point to ask if the cm was "creating selling opportunity"
<gary fullett> market action held support on friday thats all we know
<gary fullett> may is lead month already fibo
<gary fullett> has been for 2 weeks
<fibo> but May will be put on the weekly starting tomorrow.
<gary fullett> well sal I seel resisatnce
<amos> sal, if support at 510 holds, you should be long. If it is broken--out!
<fibo> at least on my weekly's and monthlys
<gary fullett> and buy support
<gary fullett> so if it is resisatnce sell
<gary fullett> sal what happens if the news becomes more bullish tomoorw?
<amos> In general, if we start talking here more in terms of support, resistance; buy and sell--we stand a better chance
<gary fullett> how does one know what the news will be?
<gary fullett> support is holding so I think one must be long
<amos> to make money
<gary fullett> correct Fibo
<gary fullett> so if we are at resistance I say sell
<gary fullett> buy support
<amos> fibo, that was a very good point, can you elaborate
<gary fullett> especially if the market is in an uptrend buy all supports
<gary fullett> yes it was amos
<fibo> where is the creek line on the weekly corn?
<fibo> it is at the 234.25
<fibo> and 233.25
<gary fullett> fibo can you expalin about the weekly chart
<gary fullett> I have resistance at 234
<gary fullett> it is the trendline that I posted
<fibo> mar corn goes off tomorrow.. now there is approx. 8 cents difference
<gary fullett> very well said fibo we agree
<fibo> in the Mar and May
<fibo> so that puts us at the creek.
<gary fullett> that is the spread between march and may class
<fibo> it is interesting to always see the difference in the expiring month and the new one
<amos> go on fibo, so the weekly chart becomes 232 on Wednesday
<fibo> and how it will look on the weekly chart
User [Peggy /206.173.174.173] joined forum at Mon Mar 13 21:52:43 EST 2000
<Peggy> this is getting old!!
<Frank> 
<amos> and then you say we have res at 235 and the high in CK is 236
<davep> 
<amos> so we have a collusion of prices. so?
<fibo> the may contract will go on the weekly chart on Wed. yes..
<fibo> it could be higher amos...:-) 
<fibo> or lower
<amos> never mind the future--go on with the analysis of what we HAVE
<amos> so we have a big resistance around the 235-236 area--what should we watch for?
<fibo> o.k. we have resistance. a creek
<fibo> watch the market action and volume.
<fibo> it could have an upthrust.
<gary fullett> does everyone undersatnd what Fibo has said
<fibo> it could gap through it :-)
<amos> What is we go to 238 with high volume?
<gary fullett> it is VERY important to understand
<lmarsh> yes, gary , following,..
<gary fullett> depends on the close amos and market action 
<fibo> it would probably be a BC 
<gary fullett> could be an upthrust
<gary fullett> class if ANYONE doesnt understandI
<gary fullett> Please stop us here
<gary fullett> and ask questions
<amos> fibo, where is the next monthly resistance?
<gary fullett> this is very very important
<gary fullett> concept
<gary fullett> and I dont want anyone to miss it
<fibo> there is also resistance at 236.25
<amos> monthly
<Peggy> you on May corn?
<amos> 257!!!
<fibo> yes peggy and the weekly
<gary fullett> if one is long it would be a bad idea to take profits and wait to see market action
<davep> 
<sal> 
<gary fullett> amos can u tell the class hwere 257 comes in from?
<lmarsh> 
<fibo> there is major resistance at 236.25 on weekly & monthly (in my husbands opinion) fib target.
<mrj> 
<amos> I love that a new CM?
<fibo> LOL!
<gary fullett> I think I will change my name to Charles manson so I can be a CM :)
<fibo> lol
<lmarsh> ooo
<amos> cute man
<gary fullett> tomorrow in my opnion will be a critical day short term
<fibo> lol
<eric> I don't understand the importance of march and may contract with 8c difference, could you explain?
<davep> 257 was last high, aug 10
<Frank> manson is an inmate gary
<Peggy> 
<gary fullett> because if the gains today hold we can be in the beginning of the mark
<gary fullett> up phase
<fibo> agree
<gary fullett> if prices fail
<gary fullett> we just went to the top of the range
<sal> thanks for asking eric, now they can attack you
<eric> let's see
<gary fullett> great question eric
<mrj> :) sal
<fibo> :-)
<gary fullett> thats correct davep
<gary fullett> the differnce betwen the price of the may contract 
<gary fullett> and the march contract is 8 censt
<Frank> look may corn has too break 237 before it is worth a rats butt
<gary fullett> march corn closed at 223 1/2
<amos> how much is a rats butt these days?
<gary fullett> may corn closed at 230 3/4
<Frank> a tail and a half
<fibo> what is the margin?
<sal> rat butts go for 50 cents per pound in east texas
<fibo> lol
<Peggy> lol
<amos> is it worth more than a Rhett's Buttler?
<lmarsh> !
<fibo> lol
<gary fullett> the differnce between the 2 prices eric
<gary fullett> that is the spread
<fibo> May corn closed at 231.25 today on ours
<amos> Gary, if you can find a good weekly chart to send to morrow--this could
<amos> be a very good conversation about continuationcharts
<gary fullett> that was at 230 3 /4 settlement'
<gary fullett> I am going to try and get a great weekly tomorrow fibo
<eric> I know how to get the 8c, my question is what is the relation with the weekly chart.
<gary fullett> thta is my intention to send
<gary fullett> march will roll to may eric
<gary fullett> so you take the may price for your weekly chart on wednesday
<fibo> yes ours was 231.25. settlement..hmmm 
<gary fullett> so it gets charted 
<sal> 
<Frank> weekly chart is your clock eric
<Peggy> 
<gary fullett> you must be long Fibo to give yourself an extra 1/4 cent :)
<davep> go to .... mrci.com for free month nearby corn charts
<amos> Please, all around, when you have a minute
<fibo> lol! yes gary i am talking my position:-)
<amos> go to:
<amos> http://tfc-charts.w2d.com/chart/CN/M
<gary fullett> that is what we did on spreads when I traded in the belly pit
<amos> and look at the corn monthly and you will see how significant
<fibo> i have good weekly charts with the correct volume on them.
<gary fullett> me too lol :) fibo
<amos> is the level of 238 that fibo alerted us to and Frank was willing to sacrifice
<amos> his rats butt for!
<gary fullett> beans closed at 620 tom me today fibo lol :)
<lmarsh> :) gotit pulled up amos
<gary fullett> we will discuss the grainstomorrow
<gary fullett> weekly and monthly charts should be looked at cloesely in the grains now
<amos> the site again is
<amos> http://tfc-charts.w2d.com/chart/CN/M
<fibo> ours closed at 523 
<gary fullett> oh okay darn :)
<gary fullett> i was hoping for a buck more
<gary fullett> lol
<fibo> lol@gary 
<lmarsh> now this must be one situation when they all line up?
<amos> yes, it is in the stars
<sal> 
<gary fullett> lets talk about the metals here for a bit
<fibo> k
<gary fullett> gold held support as well on friday
<gary fullett> and moved up about 2 bucks today
<Frank> amos my weekly vhart on corn shows a 234 236 253 and a 283
<gary fullett> we mentioned that this market was undergoing some acculation as well
<Peggy> 
<amos> you forgot, Frank 301, 352, 390 and 450
<gary fullett> so lets watch this chart as well cloesly
<gary fullett> amos do you have a commnet on gold here?
<amos> you should be long with a stop below the last 8 days.
<amos> also, watch the april crb around 214.38. I think it was the previous high.
<amos> The cash already made new high
<gary fullett> amos do u find that the cash will lead the futures
<gary fullett> or the futures will lead the cash?
<lmarsh> good Q
<amos> it depends on Ivan Lendel
<gary fullett> ?
<sal> 
<gary fullett> tennis?
<Frank> Ivan lendel?
<lmarsh> who's he
<amos> The common wisdom says that when cash leads the futures
<amos> there is urgent demand.
<amos> Mostly you want to see the front months lead the back months
<amos> But then you go into carrying charges and all kind of fundamental mumbo jumbo that
<amos> has nothing to do with trading.
<amos> I thinkg that the relationship is worth watching. If you can make money
<amos> with the comparison--be my guest. It has rarely to do with WYckoff.
<amos> WHen Cash won in Tennis against Ivan Lendle they said:
<amos> Cash is better than CHeck
<davep> :-)
<Peggy> :)
<gary fullett> :)
<lmarsh> :/
<sal> when Billy Jean beat Bobby Riggs they found out women do it better
<gary fullett> thas true sal
<amos> conservative
<gary fullett> so any questions tonight?
<lmarsh> :})
<gary fullett> several of th topics we talked on were very important
<gary fullett> especailly the weekly charts
<Frank> soy bean oil followed the rest of the grains today. any think it will continue its bear journey/
<gary fullett> weekly and monthly chatrts should be sent to all of you so we all can follow
<eric> 
<gary fullett> it is the wekest grain frank
<amos> fibo, which service provides the weekly volume for you?
<gary fullett> as we said if one want to be long be long meal
<gary fullett> be long the strongest and short the weakest
<fibo> husband hand builds the charts and adds the volume for the week. and puts it on the correct week
<fibo> we put it on Ensign 6 our program.. 
<amos> do you also have P&F?
<fibo> it has it on it..
<gary fullett> my gut feeling tomorrow is that grains will opn higher tomorrow and fail
<gary fullett> and go back into its range
<gary fullett> tomorrow we will have lots of charts and work to do
<gary fullett> and we will begin our week in earnest
<amos> you know, Gary, what Frank thinks of gut feelings....
<gary fullett> it is an important week
<gary fullett> I am sorry amos
<Frank> What?
<gary fullett> but I have relied oon gut feeling for 19 yrs
<gary fullett> and they have been good to me
<gary fullett> I think when traders get experience
<Peggy> that's nice but I can't depend on your guts, Gary!!!! I have to develop my own
<amos> Yes, Gary, but how do you transfer gut feelings to others?
<gary fullett> they can see the charts clearer
User [mrj /209.16.79.146] joined forum at Mon Mar 13 22:20:58 EST 2000
<lmarsh> 
<mrj> 
<gary fullett> but also they can feel in advance if they are wrong or right thier postions in advance
<gary fullett> you only devlop GUT feelings by experience
<gary fullett> I cant give u that
<amos> All I am saying is that if we teach principles--that is fine. We cannot teach
<amos> gut feelings.
<Peggy> ditto, Amos
<Peggy> just the facts, ma'am
<Frank>-><sal> like rectums, gut feelings are often useful amos, or did your nose get in the way of your good sence?
<amos> There is resistance at 528 and support at 516. These arer clear
<gary fullett> I understand what anos and peggy are saying
<amos> parameters for tomorrow.
<Frank>-><sal> sorry sal
<gary fullett> that is you want only pribciples they are right
<gary fullett> but markets are not theory
<gary fullett> they are live markets
<gary fullett> and many times
<gary fullett> feel is important 
<gary fullett> that is my take
<gary fullett> like Kenny ridgers says
<fibo> 
<gary fullett> you ahve to know when to hold em 
<gary fullett> and know when to fold em
<gary fullett> rodgers
<sal> :)
<amos> HE said KNOW, not FEEL
<lmarsh> true
<gary fullett> I know u cant teach your gut feelings
<gary fullett> but I feel that is important
<amos> I know you feel
<gary fullett> not everyone will agree
<amos> actually when you put them together you get a knowfel, which is a pretty good food.
<gary fullett> but being a former floor trader this helped me survive
<Peggy> so I was right regarding subjectivity last week, heh?
<gary fullett> wyckoff has some subjectivity
<gary fullett> amos and I can look at a chart
<Frank> if u don't feel what u are doing you are in trouble amos, same as if u don't have a rectum
<gary fullett> and have differnt time perspectives
<lmarsh> That is Wycoff, is it not.
<sal> 
<eric> 
<davep> 
<fibo> 
<mrj> good night everyone
<lmarsh> I mean the time frames.
<gary fullett> everyone here
<eric> gn mrj
<Peggy> nite, mrj
<sal> at the risk of being sacreligous , wyckoff is not G_d
User [mrj] left forum at Mon Mar 13 22:27:21 EST 2000
<amos> Gary, I have nothing against your feeling
<lmarsh> nite mr J & thanks
<fibo> gary you were right on the 230.75 close..i was looking at tonights session 
<gary fullett> has differnt risk capital to risk
<davep> gnmrj
<amos> I just us to have consistency here and stick to principles.
<fibo> nite mrj
<gary fullett> so everyones perspective tends to be differnt
<amos> This is the better road to success
<gary fullett> k fico
<gary fullett> :)
<gary fullett> well if we just keep to principles
<gary fullett> we shouldnt talked roll overs
<Frank> gn mr j
<gary fullett> fibo sorry
<fibo> :-)
<gary fullett> wyckoff never talked about spreads differnces
<gary fullett> one must develop his/her own niche
<gary fullett> since we are all indivuduals
<gary fullett> we all have differnet persepctives
<sal> amen
<gary fullett> and our experiences help in this
<gary fullett> we cant be ONLY pure
<gary fullett> even though e try
<sal> and we learn by asking, 
<amos> I am pure
<gary fullett> YES
<amos> I did not say pure what....
<gary fullett> and everyone learns differntly and interpertperts differntly
<lmarsh> :)
<fibo> i was just seeing that the May price would be close to weekly creek..
<gary fullett> I know principles are important
<gary fullett> but markets dont stand still
<amos> prinicpals are important too
<gary fullett> there are alwyas expections to what happens
<fibo> i don't ever trade spreads
<sal> we got lots of that in our fields amos
<gary fullett> spreads between the 2 moths I was talking about fibo
<gary fullett> the roll over on the weekly
<gary fullett> I understand
<amos> I hope we have a good discussion tmw about weekly charts and
<amos> rollover, and hay
<Peggy> manure, anyone??
<gary fullett> amos you mentioend that delievery is important 
<gary fullett> but that isnt wyckoff
<fibo> lol@Peggy
<amos> ask any woman
<sal> i was thinking more of the cattle end product
<gary fullett> but it is a great observation
<gary fullett> and it is your experience
<gary fullett> experince in trading to me is a KEY
<gary fullett> because in this business if you dont have experience you have No capitial
<gary fullett> they only was u stay in this business 
<amos> Delivery issues in commodities is something I had to cope with and amend
<gary fullett> is if you have some degree
<amos> in order to make Wyckoff work in commodities too.
<lmarsh> 
<sal> gary , thanks for repesting my questions tonight
<gary fullett> k sal
<gary fullett> get in contact with me tomorrow okay
<sal> respecting
<sal> k
<sal> as soon as i cool down
<gary fullett> I know amos what u mean
<gary fullett> that is why we learn from obvservations
<gary fullett> and experience
<Peggy> but the obvious question here is, how much $$ and how much time does it take to get GUTS!!!
<gary fullett> most people in this business never get experince
<gary fullett> do you know why>?
<gary fullett> takes time
<amos> what if you have Crone disease?
<fibo> they won't study
<Frank> they go broke
<Peggy> they probably lose their money before they get experience
<gary fullett> peggy not necesarily $$$
<gary fullett> thats is right
<sal> my student does have Crones
User [sherri /209.100.189.141] joined forum at Mon Mar 13 22:36:19 EST 2000
<gary fullett> I have clienst that have been with me from the beginiing
<fibo> hey sherri
<gary fullett> and they have survvied and gained knowledge
<sherri> hi....neighbors stopped in
<Peggy> hi sherri
<gary fullett> gaining knowledge is mportnat in anything we do
<lmarsh> hi sherri
<gary fullett> we must bridge the gap
<gary fullett> from haveing money and no knowledge
<gary fullett> to havinf money and lots of knowledge
<sal> long on arrogance and short on tolerance can cause limit downs, eh?
<gary fullett> :)
<gary fullett> so keep working hard
<gary fullett> keep the losses small
<gary fullett> and gain knowledge
<gary fullett> if you lose money gain more in knowledge
<gary fullett> get experience surive and I believe you can make money
<gary fullett> keep risks small
<gary fullett> any questions?>
<Frank> it really helps to study the markets too
<amos> support your local Sherif
<gary fullett> if not I willleave it at this tonight and tackle markets tomorrow night
<fibo> nite Gary thanks again
<gary fullett> one is a student of th amrkets all the time
<lmarsh> another good chat
<gary fullett> markets
<Peggy> thanks again, Gary
<gary fullett> my pleasure I hope it helped
<sherri> thanks...even if I will have to read it
<gary fullett> if amos and I agreed all the time i would nt need him here :)lol
<eric> gn gary, thanks
<gary fullett> thnak u eric
<Peggy> nite all
<lmarsh> good nite all & thanks
<amos> nite all
<gary fullett> night everyone
<sal> nite
User [gary fullett] left forum at Mon Mar 13 22:40:41 EST 2000