User [gary fullett /152.205.120.241] joined forum at Thu Mar 16 20:56:57 EST 2000
User [Gordy /63.88.62.96] joined forum at Thu Mar 16 20:57:37 EST 2000
<gary fullett> hi gordy
<Gordy> Hey Gary
<gary fullett> did u catch the move in cocoa
<gary fullett> and grains
<Gordy> no, still just watching
User [mrj /206.251.171.178] joined forum at Thu Mar 16 20:58:09 EST 2000
<gary fullett> markets are better now than before
<mrj> Gary and Gordy
User [lmarsh /12.14.197.202] joined forum at Thu Mar 16 20:58:23 EST 2000
<gary fullett> hi mr jay
<Gordy> Hi
<mrj> Hi marsh
<gary fullett> markets look like they will be decent for the rest of the yr
<lmarsh> Hello everyone, hope all had a good day.
User [sherri /209.100.189.156] joined forum at Thu Mar 16 20:58:55 EST 2000
<mrj> hi sherri
<Gordy> I see the grains closed lower mean anything?
<gary fullett> I will be putting an options page on the site
<sherri> hi everyone
<gary fullett> yes
<lmarsh> hey sherri
<gary fullett> I think sideways in the grains for a a week or so
User [Frank /207.230.57.67] joined forum at Thu Mar 16 20:59:28 EST 2000
<Gordy> ok
<gary fullett> Good evening everyone
<gary fullett> I want to talk about the grains tonight
<mrj> Hi Frank
<gary fullett> hi sherri
<gary fullett> any questions?
<Frank> Hi Mr J, and everyone
User [SteveF /216.76.154.65] joined forum at Thu Mar 16 21:00:30 EST 2000
User [Guest /171.218.82.50] joined forum at Thu Mar 16 21:00:35 EST 2000
<mrj> hey Steve
<lmarsh> hey gary,....that spread stuff is interesting. Don't have to go over it tonight, but I think more discussion would be good.
<SteveF> Hey mrj and all
<lmarsh> hello steve, frank
<Frank> Hi Imarsh, george angell has a very good book on spreads
User [amos /62.0.146.157] joined forum at Thu Mar 16 21:02:07 EST 2000
<lmarsh> ok frank, I'm making a note of it. thanks
<mrj> morning amos
<gary fullett> I can discuss spreads
User [Lavona /207.50.1.171] joined forum at Thu Mar 16 21:02:29 EST 2000
<SteveF> Hello Amos
<amos> hi
<gary fullett> but I want
<Lavona> Hi everyone
<gary fullett> to disuss the charts feom tuesday night
<gary fullett> so we catch up
<lmarsh> k
<Lavona> k
<gary fullett> since I statred last night
<lmarsh> good morning Amos
<gary fullett> I would like amos to lead us off
<sherri> hello to all that came in after me
<gary fullett> and then when he is done I can talk abit about spreads
<Frank>-><amos> Hey Amos, that question u posted sounds like u been sleeping around with Gann.
<gary fullett> so amos if you can discuss grains first
<amos> no, with gwineth
<gary fullett> then I can talk about spreads afer u
User [sal /206.175.233.60] joined forum at Thu Mar 16 21:04:41 EST 2000
<SteveF> Paltro?
<amos> I wish
<amos> SInce I was not ready to discuss "Grains"
<mrj> hisal
<amos> is there any particular question that any one has, either from 
<sal> hi
<lmarsh> hi sal
<amos> a Wyckoff point of view , or their "position?"
<Lavona> 
<sal> gold
User [eric /206.98.11.137] joined forum at Thu Mar 16 21:05:43 EST 2000
<Frank> hi sal
<lmarsh> hogs are interesting too
<mrj> hi eric
<Guest> <Enter Text Here>I dont wyckoff view
<amos> sal, gold is a metal, not a problem
<eric> hi mrj and everyone
<sal> today it was a problem
<Frank> hi eric
<lmarsh> tumbeled some eh?
<amos> because you got stopped out?
<gary fullett> any thoughts on metal amos?
<sal> no should i have?
<Guest> how about grains?
<amos> I wanted to be long gold and it was stopped out today, what is the problem?
<gary fullett> was anyone surprised by the action of the grains today?
<amos> If hte market goes against you and you get stopped out--does that
<amos> constitue a problem?
<Guest> where are grains going?
<lmarsh> not really to gary & amos question
<eric> no, as long as you follow the plan, amos
<Frank>-><amos> utook the incorrect position, like me todaay in grains, no problem just expensive.
<gary fullett> amos mentioend that 538 was resistance in the beans
<lmarsh> the stop was there to protect assets, if analysis was wrong ,..correct?
<SteveF> If you don't by a ticket you can't win. 
<amos> The stop is to run business.
<Frank> bull Steve
<amos> How can you think that all your business decisions will make money>?
<gary fullett> correct
<sal> ino one said that
User [fibo /204.119.225.150] joined forum at Thu Mar 16 21:10:06 EST 2000
<sherri> hi fibo
<Frank> hi Fibo
<mrj> hi fibo
<amos> We are starting on a left foot.
<fibo> hello everyone
<gary fullett> hi fibo
<lmarsh> fibo
<amos> Stop for a moment.
<sal> you based you stop on last 8 days right?
<amos> The guest asked where the grains are going--anybody who says they know
<amos> is a liar.
<amos> Nobody knows.
<Lavona> 
<gary fullett> but we can make educated decsisons
<Guest> ok
<sal> thanks gary
<gary fullett> by watchiing the market action
<Guest> your thoughts/
<Frank> bet wheat goes down amos
<amos> What we are trying to say here is that if you identify the market conditions
<gary fullett> that is why we use stops to protect ourselves
<gary fullett> we never know where the markets are going
<amos> and know where the supply and resistance exist- we can make an educated guess
<sherri> 
<Guest> good answer
<gary fullett> but making good business decsions will help us limit risk
<amos> Interesting that guess and guest are related (i realized it as I type)
<gary fullett> and a chance to make money
<Guest> how do we identify resistance?
<sal> amos a question please
<amos> The point about the beans is that we are3 still in a daily range.
<Gordy> 
<Guest> wheat?
<amos> The weekly chart already showed a higher high -so from a larger point of view
<amos> the trend is mildly bullish. After 538 the next resistance (from the monthly
<amos> chart is $6.00.
<amos> we build (oooops) our knowledge base from what transpired on the chart- and
<amos> we realize that we cannot know how long a move will take.
<amos> The switch from time frame to time frame--is SUPPOSED to help us
<sal> a question about the macro-micro
<amos> overcome the confusion of the TIME element.
<amos> Most of us meet here every nite and we are impressed by what
<sal> you watch longer charts but base stop on daily? a la gold?
<amos> today did.
<amos> It has a meaning some times and sometimes it does not.
<amos> Sal, please explain your question
<sal> didnt you say the other day that your gold stop was under 8 days low?
<amos> yes
<sal> but you valued the weekly chart to go long?
<amos> yes
<sal> so are your stops based always on daily
<amos> I thought that putting a stop below a few days, did take care
<amos> of the weekly, Now, if you say that the correct stop is below 280 which is the
<amos> stop on the April gold--you may have a wonderful point.
<amos> But I thought that risking 8 10 bucks here, was too much
<sal> ok got it
<gary fullett> good questions sal
<amos> Look, we never go to talk here about actual tactics.
<amos> We are still at the beginning of discussing strategies.
<gary fullett> amos can you discuss the action of corn
<Frank>-><amos> we should
<gary fullett> from the charts that were sent on tuesday
<amos> There is a hell of a difference between the two.
<amos> Let me open thsm, just a sec
<gary fullett> please do
<SteveF> 
<mrj> 
<lmarsh> 
<sherri> 
<gary fullett> fibo had asked about them last night 
<gary fullett> and we never got to them
<gary fullett> sorry fibo about that
<sal> that was a strategy !
<gary fullett> and the rest f the group
<fibo> no problem gary
<Frank>-><amos> 
<amos> Ok, I have the monthly corn. Of course the volume stinks--what kind of volume is this?
<gary fullett> when I send the charts I want to make sure we review them
<amos> but if you all look at chart 8?
<gary fullett> at least within the same week
<gary fullett> not good till I find a better source
<amos> we see clearly that the area of 240-250 , or lower was
<amos> a barrier for the last year and a half.
<amos> We also see that the large decline from the 550 area has been stopped and
<amos> we have been, more or less, in a sideways action over the last year and a hyalf.
<amos> The big decision is to anlyze the last year and a half and decide if this is accumulation.
User [davep /24.147.119.114] joined forum at Thu Mar 16 21:21:18 EST 2000
<amos> The human tendency is to think that after a big decline it is natural
<amos> for markets to go thru accumulation. W R O N G!!!!!
<amos> silver has not been under accumulation for the past 15 years.
<amos> Sugar has not been, gold has not been.
<Lavona> 
<fibo> 
<amos> In order to decide whether see any of the "STARS" on the Wyckoff
<gary fullett> davep thanx for that great post on the site
<amos> 4 phase of the market schema
<amos> we must study the volume carefully.
<davep> h i<Enter Text Here>
<amos> Unfortunately, it is hard to do that from a chart that shows you partial volu7me.
<davep> Hi Gary, my pleasure!
<amos> Hoever, let us assume that we SEE accumulation.
<amos> WHat part of that accumulation, on the monthly chart can we
<amos> say we have already seen?
<amos> any one want s to venture?
<SteveF> since mid 98
<Frank> u talkin about beans?
<amos> corn, chart 8
<amos> yes steve
<fibo> sc ar st 
<amos> more fibo
<fibo> sos
<lmarsh> on monthly, say a rally , then a range?
<Frank>-><amos> Garys charts seldom print out on my unit
<fibo> jump across creek
<mrj> ps trend line breaks
<amos> For some reason (which shall remain anonimous) there is
<amos> a tendency here to ignore the PRELIMINARY support.
<amos> It is so important , I cannot begin to tell you.
<amos> YOu know why?
<fibo> ooops i forgot that
<lmarsh> ditto
<gary fullett> :)
<gary fullett> why
<sherri> 
<amos> Because that is THE SIGNAL the CM sends to his cronies.
<amos> These people are talking to each other thru the long term charts (you better believe
<gary fullett> very great point
<amos> this statement becuase I Will expect you to challenge me in the future again and again
<amos> on it!!!!
<gary fullett> it is the first sign that the long term down is about to come to an end!!!!!
<amos> and the preliminary point (support or resistance-supply)
<amos> is the point where the CM is GETTING OUT!!!!
<gary fullett> until the prelimary support there is NO sign that the downtrend is ending
<fibo> ps was on 9-30 98
<amos> He does not play for the last penny.
<gary fullett> of his shorts
<amos> He needs a range for his operation. Gary mentioned this many times.
<SteveF> yes
<amos> I see that Gary is itching to get in--please go ahead
User [eric /206.98.11.137] joined forum at Thu Mar 16 21:28:57 EST 2000
<sherri> 
<Gordy> 
<sal> 
<amos> Gary, go ahead
<gary fullett> no amos u r fine continue
<gary fullett> I just wanted to add fluff
<SteveF> lol
<sal> :)
<gary fullett> I speak too much !!!
<amos> I thought that in my enthusiasm, I miss a small boat and you want to make
<amos> it more explicit?
<sal> not enough
<gary fullett> okay .
<gary fullett> what I wanted to say that a downtrend
<gary fullett> stays in tact basically
<gary fullett> till the PS is seen
<gary fullett> it is at this point where the CM begins to cover his shorts
<gary fullett> anticipation
<gary fullett> of the pending up trend to begin after the D=SC
<gary fullett> SC
<gary fullett> the cm will buy on breaks so he will cover his shorts diring the PS
<gary fullett> and the rest during the SC
<sherri> 
<gary fullett> then after the SC comes the AR
<gary fullett> then a retest
<eric> 
<gary fullett> it is during this retest that the CM accumaltes during the trading range
User [Guest /171.218.82.50] joined forum at Thu Mar 16 21:33:01 EST 2000
<gary fullett> okay I done :)
<amos> you done good
<gary fullett> amos carry on soldier
<SteveF> 
<amos> Now the important point of the preliminary support, and this is a little secret, IS
<amos> many times, in an orderly accumulation or distribution--the point of PS will be the
<amos> point that the retest, or secondary test will look for.
<amos> If you draw a horizontal on all ps points--you will be able to identify exact points of ST>
<amos> This is not very frequent--- but very important.
<Frank> 100% retracement, or ther abouts?
<amos> This is the CLAssical head and shoulders paradigm.
<amos> Now look ath the monthlly corn.
<fibo> 
<lmarsh> 
<mrj> 
<amos> We had a ps, a selling climax and then the text of last decmber just poked,
<amos> or sprung the PS, not the SC.
<amos> DO you see this?
<mrj> y
User [Randy /204.246.241.204] joined forum at Thu Mar 16 21:36:20 EST 2000
<lmarsh> y
<Frank> c that
<amos> So let us count the signs we have on the monethly corn:
<amos> 1. We maby have seen a secondary test plus a sign of strength.
<Lavona> 
<gary fullett> If anyone doesnt understand this is VERY important it is the KEY to the begiining of an uptrend
<amos> 2. We broke a very steep downtrendline AND a less steep one.
<amos> 3. We arre clearly in a range on the monthly
<gary fullett> please ask questions!!!!
<amos> 4. We have an important creek which is the 5-6 of 1998
<amos> 5. Any thing else?
<mrj> joc
<amos> You see how obedient I am--Gary says ask questions and I ask
<lmarsh> : ^ )
<amos> mrj--what joc on the monthly?
<Guest> 
<mrj> today
<Gordy> 
<SteveF> sc with high volume?
<gary fullett> joc is a jump over the creek
<amos> Well, if that is true--then the chart we are looking at is NO good.
<Frank> creek, 230,253,258,270,283?
<fibo> 
<amos> Frank, that cannot be, A creek is a band, but not a rock band
<mrj> 239 6/8
<amos> Are we clearly in a jump? or is it still within the monthly range?
<sal> 
<sherri> 
<SteveF> in range
<amos> I need help here
<amos> Do you all see the problem we have in corn?
<mrj> highest high since august 98
<Lavona> within range
<SteveF> creek area is providing resistance
<amos> we have a clear range, but smack above the range there is a damn creek from 1998!
<eric> 
<amos> The monthly chart in corn is not easy folks!
<mrj> 233 2/8 highest high before today
User [davep /24.147.119.114] joined forum at Thu Mar 16 21:43:38 EST 2000
User [George K /147.72.69.187] joined forum at Thu Mar 16 21:43:44 EST 2000
<amos> it is not that after 239 there is clear sailing--we have to climb
<amos> not a wall of worry, but a wall of resistance_supply!
<amos> The road to $3.00 is not easy
<fibo> around the 260 area
<amos> Please forget your postition in the market, and your corn in the field--k
<amos> just look at the chart --at reality!!!!
<amos> A good reality check tells us that we can climb out of this "Accumulation area"
<gary fullett> welcome goerge
<amos> but we will have to cope with a lot of supply on the road.
<gary fullett> yes fibo
<amos> Now the next month or two, volumje will tell a lot.
<amos> You cannot be short corn-- but YOu have to realize that the long side may be tedious.
<mrj> so today's action was not a joc?
<sal> 
<amos> ,not even an itch
<amos> I am kidding, I do not know.
<mrj> pleas explainjoc
<amos> Jock itch
<mrj> I'm trying to learn amos
<amos> It is certainly a positive action.
<amos> (I know mrj, me and my early morning wierd sense of humor)
<SteveF> no jump over creek on monthly mrj, but your are talking daily joc , correct?
<mrj> ok I understand thank you
<amos> Look, a jump across the creek, at least according to classical Wyckoff is a very wide, strong
<amos> umphy rally with large volume and large range. Did we have it?
<mrj> last night amos said charts should update daily
<amos> I do not know. we may
<davep> 
<amos> This is a good point mrj.
<amos> We are looking at chart 8 and it lies to us. 
<amos> A good trader said today on one of the forum-- he said, I paraphrase:
<fibo> our weeklys & monthlys are updated daily..
<mrj> drawing a horizontal line across top of 233 2/8 would seem to claas today's action on the monthly up to this dat as a joc
<mrj> day
<sal> what was action today mrj? my quotes must be wrong
<amos> By how much did we cross that bariier?
<amos> mrj?
<mrj> up 239 6/8
<amos> barrier
<gary fullett> close was at 235 1/4 on the july
<gary fullett> high was 239 3/4
<amos> so that is 4 cents. Not sure it is enough
<sal> k
<mrj> 235 2/8 close
<amos> Is it true that may bens are up 9 cents?
<mrj> what qualifies it as enough
<gary fullett> yes
<gary fullett> night session
<amos> that is good sign!
<fibo> yes grains are all up
<lmarsh> oooof
<gary fullett> corn up 4 cents
<gary fullett> wheat up 1 /14
<gary fullett> beans up 9
<Guest> where do you find nite quotes?
<sherri> 
<amos> Ok, what fibo said ties exactly tothis discussion--you have to look at all time frames
<mrj> CBOT
<amos> especially at crucial points to correctly assess that state of the market
<gary fullett> I have live quotes guest
<Guest> ok
<amos> most free services will not update the higher time frames and that leaves
<amos> you half blind.
<amos> You see our discussion here tonite--we really want to assess whetehr
<SteveF> http://www.cbot.com look for "Project A" 
<amos> we havge a bone fide jump across tha creek-- I think that if we
<Guest> ok
<amos> jump the 240--we still have to cope with the old creek (on the way down) at
<amos> 250--but if we get to 250 with gusto--high volume--that bodes well for the corn
<amos> . any questions
<amos> ?
<eric> 
<davep> 'fraid to ask
<Lavona> 
<amos> why?
<Gordy> 
<George K> 
<davep> re prices . . .
<amos> please, if you are afraid to ask, then do as Gary said-go sit in the corner
<fibo> l
<lmarsh> 
<mrj> don't get a clear answer or no answer
<davep> do the DAILY prices u & Gary use contain night session as overlay, or separate, or do you add them to day's session or?
<gary fullett> I never said that 
<amos> Let me ask you davep--we are sitting here and watching beans up 9 cents
<davep> didn't want to take us off track, but really want to know
<amos> do you think this is done by you and me? NO it is the CM bidding prices hard
<amos> Should that be in the daily range for fiday or not?
<amos> 
<amos> friday
<sal> good ? dave
<davep> understand that; just want 2 know how to account for 'em on chart
<amos> the market NEVER sleeps!
<gary fullett> the night session
<gary fullett> begins the day session
<davep> why shouldn't they be on Thursday's data?
<gary fullett> so it is included on the daly charts
<amos> Tokyo is up, Singapore is up, Europe will get up etc.
<Lavona> 
<gary fullett> the night session is the beginning for friday Davep
<amos> Because it is Friday in Israel!!!
<gary fullett> when the grain market closes at 115 pm
<gary fullett> the daily chart is rawn
<gary fullett> than at night begin the market aagin
<davep> since those night prices are traded on different days in different parts of world, don't we arbitrarily put 'em . . . .
<SteveF> davep, many quote/chart providers do not include the night session in their data.
<amos> davep it is a moot point. Night sessions belong to tomorrow.
<sherri> 
<davep> ok just read, thanks ...
<Lavona> davep take their word
<fibo> we don't use the night session
<amos> fibo, that is a problem
<gary fullett> fibo you dont look at the night session
<gary fullett> for your support resistance?
<fibo> for what it is worth the monthly vol on the corn as of now is 866,220 and still have 11 days to go
<amos> that may be one of the problems of the corn belt
<fibo> why amos?
User [Guest] left forum at Thu Mar 16 22:01:54 EST 2000
<amos> because a population that does not use nite sessions--dwindles
<sal> just lost me
<lmarsh> 
<gary fullett> amos what do you mean?
User [Frank /207.230.57.67] joined forum at Thu Mar 16 22:02:34 EST 2000
<sherri> 
<amos> Well, Gary, if you do not understand, you need a doctor
<davep> he means "playing" at night
<fibo> with the night session you don't always see the gaps and we think they are important
<amos> fibo said: we do not use night sessions.
<gary fullett> i see
<sal> i dont
<amos> is 866,000 high?
<amos> SAL!!!
<fibo> yes it is on the monthly
<fibo> with still 11 days to go
<gary fullett> fibo I have a question
<gary fullett> if you dont mind
<fibo> sure
<Lavona> do you use the higher high if so on the night sesson and lower low
<amos> So if we close the month on a high note--that may qualify as a very strong sos
<gary fullett> do you feel gaps are important?
<fibo> yes
<Lavona> y
<amos> you are talking to me?
<fibo> yes
<gary fullett> why significance do they have for u?
<gary fullett> fibo amos
<sherri> 
<davep> 
<gary fullett> no one likes talking to u :)lol
<gary fullett> amos
<Lavona> lol
<amos> There is a whole theory of gaps, all kinds of gaps in Edward and Magee
<gary fullett> u r not nice :)
<fibo> we have studied the gaps along with other studies and find them useful
<gary fullett> do you feel gaps are always filled fibo?
<fibo> no
<gary fullett> k
<fibo> o.k. just like a gap across a creek line
<Lavona> they are a tool
<fibo> or a gap under an ice line
<gary fullett> okay very good I understand then
<amos> Corn is at 240!! that is good, what's the news?
<fibo> amos the selling climax on the corn was 1,711,362
<gary fullett> we dont follow news!!!
<Frank> I wouldn't be nice if I lived in north africa either
<sal> :) frank !!!1
<amos> Frank, I am not in africa
<davep> 
<eric> 
<amos> (although sometimes it feels that way)
<Frank> They move isrial again?
<amos> (there are some baboons here)
<lmarsh> lol
<amos> recently, frank
<fibo> news on tv just talks about drought.. i don't go by the news
<gary fullett> me either fibo
<amos> fibo?????
<gary fullett> then why did the market break so hard today after being higher lack of drought huh?:)
<fibo> you wanted to know what the news was
<mrj> You don't have to be nice to be an efffective teacher amos 
<sal> fibo what was your point about volume with 11 days left?>
<fibo> it broke down so cm could buy more it looks like to me :-)
<amos> we have a saying that "the shy does not learn and the stern does not teach"
<gary fullett> me too fibo me too :)
<gary fullett> any questions about corn tonight
<amos> Are we clear on the monthly of corn?
<fibo> because we still have 11 days of volume this month to add to it sal
<gary fullett> thank you for that great discussion amos
<sal> thanks fibo
<fibo> so if vol. is large now..it should be larger by the end of the month
<gary fullett> 11 trading days sal
<amos> The main point from our analysis is that you should NOT be short the grains.
<sal> k
<mrj> It was 1.5 million last month
<Lavona> k
<amos> Now how to buy them here--I would use every daily thrust you can.
<fibo> thank you very much for the grains discussion amos
<gary fullett> this accumaltion can be very significant
<fibo> yes mrj but it was a down month..
<gary fullett> he was bad last night and idnt discuss it fibo LOL:)
<gary fullett> amos 's pointis well taken
<mrj> was only referring to volume
<sherri> 
<amos> Please, I want to emhaise the significance of the 2.50 in corn--the
<gary fullett> the grains are underging accumaultion
<amos> way the market will handle this area-- will be a strong inhdicaiotn for the next
<gary fullett> and the long side should be the only side that should be probed
<amos> mark up phase
<Lavona> 
<lmarsh> 
<gary fullett> we have talked about the grains over the last few weksa
<gary fullett> and our analysis
<amos> remember, you do not see anything around 250 in the dailoy chart!
<gary fullett> has been correct so far
<davep> 
<SteveF> yes
<gary fullett> amos if long would u liquidate at 250?
<amos> part
<Frank> 
<gary fullett> would u rebuy on a rally above 250 after the pullback?
<amos> 250, is resistance. You should always take some profits at resistance
<gary fullett> money manageemant and risk control
<amos> now, if you have one contract--you are up corn's creek
<gary fullett> what grain do you feel is the strongest?
<fibo> lol@amos
<gary fullett> or Dawsons creek
<amos> the grain of salt
<gary fullett> amos do u have a comment about the S and P s today?
<amos> yes
<sherri> 
<mrj> amos explain "up corn's creek" please
<gary fullett> lol
<amos> I think we had a cear buying climas in the Nascaq and a nice automatic reaction.
<Lavona> joke
<gary fullett> fibo thank you for your impute
<amos> We bounced today--and that means that the nasdaq should be in a range between the
<amos> "bottom" of the ar and the top of the buying climax.
<Lavona> reaction to be brought? or run
<fibo> your welcome i'm just trying to learn more too
<Frank> 
<lmarsh> 
<mrj> ok
<gary fullett> u r helping me too fibo
<amos> The sand P is in a significant rally. The 50% retracement in the dow is around 10700
<fibo> :-)
<amos> I did not study it too deep. But this rally is so strong--that it will scare many shorts next tim
<amos> we start down in earnest. if this is distributioh--then it is a masterful!!!
<amos> In order to do a good anlaysis--we need all the carts of all the indexes and all time
<amos> frames. Just saying words is bull.
<sherri> 
<SteveF> 
<amos> At any rate, we will not talk about the subject
<Frank> 
<sal> 
<amos> i posted about--we will do it next week
<davep> 
<lmarsh> k
<SteveF> ok
<Lavona> k
<gary fullett> thank you amos
<amos> davep--good post
<gary fullett> are there any questions
<davep> hanks Amos
<eric> 
User [George K /147.72.69.187] joined forum at Thu Mar 16 22:19:49 EST 2000
<gary fullett> that any one would like to ask 
<gary fullett> george did u have any questions?
<gary fullett> please post on the boards
<fibo> Gary would you like me to fax you a great monthly chart with all the vol. ?
<amos> BTW-- you may see now--how the CRB was a good predictor that commodities will rally
<gary fullett> I get emails saying that poele like to read the posts though they dont post themselves
<SteveF> yes
<amos> yes fibo--do that and he will send all of us
<gary fullett> PLEASE
<gary fullett> PLEASE fobo PLease
<gary fullett> I will be your best friend
<fibo> i will attach it to an e-mail...
<gary fullett> seriously
<fibo> lol
<gary fullett> fibo not fobo sorry
<gary fullett> yikes
<gary fullett> glad I talk better than I speak
<fibo> lol
<amos> An important point, if I may.
<gary fullett> and I speak too fast :)
<gary fullett> please amos
<gary fullett> we want this site to be a learnign center for all
<amos> The language we use has a great influence on out thought, thought processes
<amos> and our actions.
<amos> There is a tendency (and I suffered from it for years!)
<amos> for new traders to talk in bombasitc terms:
<amos> The market CRASHES; Beans in the teens; we are going to the moonn etc etc.
<amos> This is VERY B A D.
<amos> You should try to talk in terms of FACTS. We are in a rally, or reaction, the trend is this or that.
<amos> Try to avoid hype--it is the food of losers.
<amos> that is all
<Lavona> you are very correct amos
<fibo> good point
<sherri> 
<eric> 
<sal> dont tell that to neil armstrong
<amos> how about neil diamond?
<fibo> lol@sal
<Frank> when u talk bombastically u are programing yourself, for non functional thought habits.
<amos> garganrouos , Frank
<gary fullett> sal :)
<SteveF> mayonaise
<Lavona> tonight was educational thank you
User [Lavona] left forum at Thu Mar 16 22:27:05 EST 2000
<Frank> u spell that right amos?
<gary fullett> I apprecaite the talk on corn amos
<fibo> and so did I thanks
<amos> that means that other nites were causeing ignorance?
<gary fullett> is there a topic that any one would like addressed on Monday?
<amos> Why are you thakning me? it is a part of every nite here- to learn the language
<gary fullett> because your analysis was very good
<amos> of market and trading. We learned to day past participle--tha t is all
<gary fullett> I thank u because I love u
<fibo> my mom taught me to say thanks :-)
<gary fullett> me too fibo
<gary fullett> we want to learn
<amos> ok
<gary fullett> that is why we are here
<gary fullett> to earn and hopefully profit
<gary fullett> we can all help each other become bettre traders
<amos> the greatest appreciation will be when you come back and say: I made 10,000 today
<lmarsh> !
<amos> using this and that principle--that will be a nice thank you note.
<gary fullett> we all would like to,say that :)
<gary fullett> but we all know that wyckoff is the way
<gary fullett> that is why we come every night
<amos> remember--if you trade correctly--you will succeed in this business. it is business.
<amos> it you get stopped out by doing a correct trade--it is much better than making
<amos> money with a bad trade
<sherri> 
<gary fullett> VERY WELL SAID
<Frank> there is also the matter of sincronicity
<gary fullett> thta is important
<gary fullett> the more you do right things
<amos> Frank?
<gary fullett> the better trder u become
<mrj> that should be posted on everyone's wall
<SteveF> and business is first assumeing and then managing risk
<gary fullett> u will always have losers
<gary fullett> but good analysis
<gary fullett> and correct trades doesnt guarentte profits
<gary fullett> but it will help in the long run
<Frank> The total is more than the parts amos
<amos> that is synergy
<gary fullett> trading correctly in the long run I believe will lead to profits
<gary fullett> but trading poorly but making money will lead tio ruin
<mrj> good night everyone thanks amos and gary
<gary fullett> we must develep good trading habits
<amos> gn
<sal> 
<fibo> nite mrj
<lmarsh> nite mr J
<Frank> gn 
<SteveF> nite mrj
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<eric> gn
<davep> gn
<sherri> nite all...and thank you
<gary fullett> any other questions for me as amos went to have breakfast
<fibo> nite sherri
User [sherri] left forum at Thu Mar 16 22:33:48 EST 2000
<amos> when you trade friday-imagine what the weekly chart will look like.
<sal> cocoa gary target?
<gary fullett> in this area
<gary fullett> 950
<gary fullett> that is the next resistance
<amos> cocoa may make a porkbellies on us
<gary fullett> I would rebuy at the 885
<sal> amos?
<gary fullett> do u like chochoate sal?
<amos> there is a huge monthly thrust in cocoa
<sal> y
<gary fullett> hmmmmmmmmmmmmmm
<gary fullett> where amos?
<amos> last month high was in the 800, I think
<amos> I may be wrong
<gary fullett> the weekly resisatnce is at 1025 after 950
<amos> but there is a thrust
<amos> the large res is around 1150
<amos> but the rally is so vigorous--it is not a weak mrket any longer
<amos> we may have seen a strange, but kniving terminal shakeout.
<gary fullett> are there any other questions otherwise I will see u all on Monday night.....
<gary fullett> yes amos and we were all there for the bottom
<fibo> nite Gary thanks
<Frank> gn
<gary fullett> we sent this chart
User [Frank] left forum at Thu Mar 16 22:37:42 EST 2000
<amos> nite all
<lmarsh> nite gary / amos thanks
<gary fullett> when the market was bottoming
<fibo> nite and thanks amos
User [amos] left forum at Thu Mar 16 22:38:03 EST 2000
<gary fullett> good nite good folks
<SteveF> Thanks again
<eric> thanks amos and gary gn
<gary fullett> see u all monday
<gary fullett> unless u have a question
<SteveF> ok
<davep> good night everyone
<fibo> nite davep
<davep> thanks Amos & Gary
<sal> k, nite y'all
<sal> 
User [sal] left forum at Thu Mar 16 22:38:57 EST 2000
<gary fullett> thank you all god night
<gary fullett> good 
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<eric> good night to all
<gary fullett> fibo thanx again
<fibo> nite all and good trading
User [eric] left forum at Thu Mar 16 22:39:12 EST 2000
<lmarsh> nite all, best wishes for tomorrow
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