User [gary fullett /152.202.18.120] joined forum at Thu Mar 23 21:03:34 EST 2000
<amos> hi
<mrj> hi gary
<gary fullett> good evening
User [eric /206.98.11.188] joined forum at Thu Mar 23 21:03:57 EST 2000
<gary fullett> hi mr jay steve and amos
<gary fullett> and eric
<mrj> hi eric
<eric> hi gray mrj and all
User [lmarsh /12.14.197.205] joined forum at Thu Mar 23 21:04:31 EST 2000
<SteveF> hey mrj
<mrj> hi marsh
<gary fullett> I will be talking about trading ranges tonight
<lmarsh> hello everyone.
<gary fullett> actaully amos will discuss this a bit tonight
<gary fullett> hi lmarsh
<eric> hi imarsh
<lmarsh> good to see you back mrJ
<gary fullett> but I wanted to point out a few charts that are interesting
<SteveF> My computer is working v e r y s l o w 
<gary fullett> and I thought Mr J hated us :)
<mrj> kind of out of sorts last two nights did miss chat a ton
<amos> good one chataton
<mrj> never gary that's not in me
<gary fullett> first does anyone have any questions?
<gary fullett> I didnt think so :)
<mrj> some observations?
<SteveF> thanks for your detailed post mrj
<gary fullett> yes please mr j
<mrj> continuation chart on corn
<gary fullett> I am getting lots of email about our class 
<mrj> mar 14 high 229
<gary fullett> people read the log and like the questions that are asked
<mrj> today's low 229 1/2
<gary fullett> which market Mr j?
<gary fullett> may corn?
<mrj> monthly for feb high 226 1/2
<mrj> weekly high 228 1/2
User [fibo /206.104.30.69] joined forum at Thu Mar 23 21:08:31 EST 2000
<gary fullett> hi fibo
<mrj> uptrend line from 12-14-99 to 2-29-00 falls at about 227-228
<fibo> hello everyone
<lmarsh> hey fibo
<gary fullett> that is correct......
<mrj> Weekly uptrend line from week of 12-23 to 3-3-00 intact as well as monthly
<gary fullett> very good....
<eric> 
<mrj> seems like a gathering of numbers from 226-229
<mrj> significance if any?
<gary fullett> I think this is critical support in corn
<gary fullett> it is from that area that the market showed it latest strenghth
<gary fullett> amos do you have a comment on this or fibo?
<fibo> may corn?
<mrj> y
<gary fullett> yes
<mrj> steve thanks for the post
<amos> I think that eventually, a year from now we wil l look at the chart and think fondly on mrj
<SteveF> sure
<gary fullett> it is good analysis
<gary fullett> why is that amos?
User [jimbo /63.24.243.141] joined forum at Thu Mar 23 21:13:11 EST 2000
<amos> why is what?
<gary fullett> welcome Jimbo
<jimbo> thanx
<gary fullett> do you think that we will think fondly of Mr j
<amos> why not?
<gary fullett> Jimbo we are discuss ing may corn
<fibo> hi jimbo
<jimbo> hi all
<gary fullett> I think that the grains are in a trading
<gary fullett> range
<gary fullett> and that we all like to get excited when we are long
<amos> ONce we leave the 230 for good it will seem as an area of accumulation.
<gary fullett> and the market moves higher
<gary fullett> so if tis area in grains
<gary fullett> is allarger term accumaulation
<gary fullett> then the pullbacks to 
<gary fullett> support of the trading range should be bought
<mrj> thank you Gary and Amos
<gary fullett> the market is doing alot of work in this area
<gary fullett> and the fact that the market made a new high at the 241 level
User [Peggy /206.173.161.102] joined forum at Thu Mar 23 21:16:02 EST 2000
<lmarsh> notice the volume getting lower & lower on this pullback in corn? : )
<gary fullett> shows the amrket has strenghth or demand
<Peggy> evening, all
<lmarsh> hey Peg
<gary fullett> that is what we should see lmarsh
<mrj> hi peggy 
<gary fullett> the volume on the pullback lighter than the rally
<gary fullett> we have seen demand in crn
<gary fullett> by both price action and volume
<gary fullett> so selling or supply should be lighter 
<mrj> hi fibo missed you earlier sorry
<lmarsh> it's sinking in Gary! : )
<gary fullett> yeah me too :)
<lmarsh> ,..the buisness plan, recognizing the market action.
<jimbo> adds dimension to my larry williams thinking
<fibo> hi Peg
<gary fullett> do you follow Larry williams jimbo?
<Peggy> hi, Fibo. Get my email?
<fibo> yes just awhile ago 
<gary fullett> you will find that wyckoff was one of the first people
<gary fullett> to be a techinical analyist
<jimbo> some, but didn,t always get his volume thoughts
<gary fullett> and that most vendors today have picked up on wyckoff;s
<gary fullett> work and market ed it
User [sherri /207.112.162.152] joined forum at Thu Mar 23 21:19:28 EST 2000
<Peggy> Gary, I studied May corn this evening. Don't know what has transpired
<sherri> hi
<jimbo> wyckoff seems to fill in a lot more blanks
<mrj> hi sherri
<fibo> hi sherri
<gary fullett> well volume and price action is what wyckoff is about
<lmarsh> hi sherri
<Peggy> already, but would it be appropriate to have a long order sitting at 240+?
<eric> 
<gary fullett> yes it will
<gary fullett> it will take some time for you to get used to his thinking
<gary fullett> that would be buying the market on strenght
<jimbo> maybe not, just seems to fill in logic blanks
<gary fullett> above the recent highd
<gary fullett> good I hope we can help u
<gary fullett> amos has been studying wyckoff for 22 yrs
<gary fullett> and me for almost 20
<gary fullett> peggy I think that would be a ogical place to place a buy stop
<gary fullett> you may want to look at the july contract
<SteveF> 
<mrj> 
<gary fullett> if you plan on holding it for awhile
<gary fullett> any questions
<gary fullett> there are 2 markets I want to metion tonight
<gary fullett> I wanted to point this out the other day
<gary fullett> but with never mentioned it in class
<gary fullett> as I didnt send a chart of it
<gary fullett> has anyone noticed the swiss frac?
<gary fullett> or the Pound?
<Peggy> yes, that was in my studies this evenig
<fibo> no i havent'
<Peggy> per Amos' rec
<lmarsh> no, but please continue
<gary fullett> if you draw a line from the lows over the past 2 months
<Peggy> got the chart
<gary fullett> it comes in at 15620
<gary fullett> that was yesterdays lows
<gary fullett> I nooticed it yesterday
<mrj> nice moves
<gary fullett> and was able to buy this for several clients that called me
<Peggy> it looks as if it is trying to nudge its way across the creek
<gary fullett> the position was liquidated today at resiatbce at 15878
<gary fullett> but I hate talking about a chart that I didnt send
<gary fullett> but please look at this
<Peggy> is this June Swiss?
<gary fullett> even thought the market was in a downtrend
<gary fullett> the downtrend support line gave a free 1500 dollar trade with little risk
<gary fullett> I was talking about pound
<eric> 
<jimbo> bought support, sold resistance and made money in the range
<gary fullett> that is wonderful Jimbo
<gary fullett> that is what I preach
<gary fullett> you will do well here 
<jimbo> been studying archives
<gary fullett> great
<gary fullett> do you find them helpful
<jimbo> very
<gary fullett> good...
<gary fullett> now look at the swiss franc
<gary fullett> this market had been going sideways fr several weeks
<jimbo> haven't traded in about a year & need refresher
<gary fullett> but could punch though the bootom
<gary fullett> of the trading range
User [Frank /207.230.57.50] joined forum at Thu Mar 23 21:28:55 EST 2000
<gary fullett> ask any questions you may have that is what we are here for
<fibo> hi Frank
<gary fullett> to help teach and learn
<mrj> hey Frank
<Peggy> Gary, the Swiss looks like it is trying to cross the creek
<gary fullett> so the market was accumualting and had a nice rally today
<Peggy> JOC
<gary fullett> very good peggy
<Peggy> y
<sherri> 
<fibo> 
<gary fullett> I will send these charts on Monday so you can see what I am talking about
<Peggy> Tues and Wed had good volume and adequate price range
<Frank> Hello all had internet problems sorry too b late, still updating charts because of lack of quotes
<gary fullett> I have several cleints that that contacted me recently about sugar
<Peggy> hi there, Frank
<gary fullett> to me ugar held the 520 area
<gary fullett> and if you look at the close from yesterday
<gary fullett> it appeared to me that sugar was" on a spring board"
<gary fullett> springbard
<gary fullett> is a wyckoff term
<gary fullett> used to when a market
<gary fullett> has accumulated
<gary fullett> and has a decent
User [sagntnicht /151.203.22.235] joined forum at Thu Mar 23 21:32:25 EST 2000
<gary fullett> closed and is about to be marked up or rally
<gary fullett> look at that chart may sugar
<jimbo> accum.=trading range where CM is buying?
<gary fullett> I will send this chart and go over this more thouroughly on monday
User [lmarsh] left forum at Thu Mar 23 21:33:03 EST 2000
<gary fullett> yes very well said Jimbo
<mrj> 
<SteveF> 
<fibo> hi sagntnicht
<amos> 
<gary fullett> accumaultion is on balance
<sagntnicht> hifibo
<gary fullett> buying by the cm within
<gary fullett> a trading range
<gary fullett> near support
<sagntnicht> fibo,I'm fibox
<gary fullett> hi sagntnicht
<gary fullett> welcome
<fibo> welcome 
<sagntnicht> where is amos
<gary fullett> distribution
<fibo> he is here
<amos> IN Munich
<gary fullett> is the selling on balance
<gary fullett> within the top of a range
<sagntnicht> amos: wie gehts?
<amos> Gatz gut
<jimbo> thanx gary
<sagntnicht> dass is gut, mein alte freund von Memphis
<gary fullett> so I will send these charts I hate to discuss again without them in front of you
<gary fullett> next week I will be having a broker who is a good trader
<gary fullett> put a newsletter on the website so you can see his ideas
<jimbo> how long til options on site?
<SteveF> sounds good gary
<Peggy> great!! 
<gary fullett> it will increase market knowledge
<amos> I am afraid to ask
<gary fullett> well one of the topics that I wanted to discuss
User [lmarsh /12.14.197.181] joined forum at Thu Mar 23 21:37:44 EST 2000
<sagntnicht> don't
<amos> David?
<gary fullett> or at least amos did was the market actions within a trading
<gary fullett> range
<fibo> hi lmarsh
<sagntnicht> das ist richtig
<amos> I am dumbfound
<lmarsh> hey, isp glitch
<SteveF> weis?
<sagntnicht> you can say that
<sagntnicht> yeah
<amos> Well, kneel everyone
<fibo> for sure!
<Peggy> I don't have my yarmulka on, sorry
<sagntnicht> so where is all of this Wyckoff stuff?
<sherri> you guys are losing me
<Peggy> lol
<sagntnicht> Anyone looked at CCK daily from a vol/price perspective
<amos> Unless it is the Ghost of Yesteryear
<gary fullett> yes we have discussed cocoa
<sagntnicht> Not cck'84, cck'00
<gary fullett> from a price c volume
User [Frank] left forum at Thu Mar 23 21:41:22 EST 2000
<lmarsh> did anyone else
<gary fullett> yes 2000
<lmarsh> oops
<sherri> 
<amos> Looked lie a tso 
<amos> like
<Peggy> what is that, Amos?
<fibo> terminal shake out
<SteveF> terminal shakeout
<Peggy> k
<mrj> 
<sagntnicht> I liked the final slam to the mat followed by the narrow ranges that indicated the selling pressure was spent.
<amos> Unfortunately we started talking cocoa here 2 weeks before the slam down
<gary fullett> wasnt a typical sc though as it?
<jimbo> graphic
<Peggy> Gary, cocoa brings up a Q I had on volume
<gary fullett> was
<sagntnicht> I am watching the coffee weekly which went into spring position and is now pulling back for the old potential secondary test, maybe.
User [Frank /207.230.57.50] joined forum at Thu Mar 23 21:43:37 EST 2000
<gary fullett> okay ask please
<Peggy> When I look at stocks, the volume is easy to see in millions but
<Peggy> when the volume is only two digits it is tougher to see an increase
<amos> Yes, but may sit here for more shakeout
<sherri> 
<gary fullett> at whatlevel do you see the crtical support sagntnicht
<sagntnicht> Amos, do you think bonds reached a minor extremity today?
<lmarsh> 
<amos> Sagntnicht, I am too shocked to answer. Is it really really you?
User [eric /206.98.11.188] joined forum at Thu Mar 23 21:47:02 EST 2000
<SteveF> 
<sagntnicht> Of couse, it is. You beat me at chess when you first visited, remember.
<mrj> 
<jimbo> gary, where do you see cs
<amos> How did you find this place?
<SteveF> Thanks for stopping by David.
<gary fullett> Mr weis I am honored to have you here
<gary fullett> can you stay abit tonight
<gary fullett> and be our honored guest
<sagntnicht> My pleasure, Steve, but I'm at a loss for who you are. Amos, I heard about it from a friend.
<fibo> i invited David in
<gary fullett> a friend that attends this chat room?
<sagntnicht> It's dhweis@bellatlantic.net
<SteveF> Just an admirer that also lives in memphis
<gary fullett> well Mr weis if you dont mind can you talk about wyckoff a bit tonight
<gary fullett> any topic
<fibo> on the bonds it looks like the volume has declined and it has had a shortening of the upper thrust
<gary fullett> is it possible that you can attend outr class in the future
<eric> 
<Peggy> 
<sherri> 
<amos> well, where is the large resistanc e in bonds david?
<gary fullett> Mr weis can you speak on wyckoff tonight any topic we all would be honored
<sagntnicht> I'm trying to respond, but am having some difficulty.
<amos> We all do
<lmarsh> 
<fibo> 
<mrj> 
<jimbo> 
<amos> Folks this is becoming a somewhat dramatic nite
<sagntnicht> Regarding Wyckoff, I rarely look for the model of PS, SC, AR, etc. I focus on the logic of the bar chart with emphasis on spread, position of close, volume, proximity to trend linex, channels, axis lines, etc.
<gary fullett>-><amos> tell clas who he is
<sagntnicht> I also pay attention to my intuition more and more. In his autobiography, Wyckoff said the purpose of his Rollo Tape was to teach intuition.
<amos> What happened to the classical terms? disappered?
<gary fullett> I firmly believe this as well.... my intuiton
<sagntnicht> No, they are just too slow in today's markets for the most part
<amos> Are you talking intraday trading mostly?
<sagntnicht> yes.
<jimbo> I think intuition is an educated trader seeing things before he realizes it.
<Frank> 
<Frank> 
<Frank> 
<Frank> 
<Frank> 
<Frank> 
<Frank> 
<jimbo> or an uneducated person losing money
<amos> But do you ever go back to basics?
<sagntnicht> I think intuition is the result of knowledge and experience.
<sagntnicht> You called me a year or so from Turkey
<sherri> 
<fibo> 
<lmarsh> 
<SteveF> 
<Peggy> 
<sagntnicht> Right. 
<gary fullett> Mr weis is there a market today that we as a class should watch
<gary fullett> or a group that looks interesting to you
<eric> 
<amos> David, let me introduce you ok?
<mrj> 
<Frank> 
<lmarsh> 
<sagntnicht> I tried to answer you Gary. Okay amos
<amos> Considering the fact that I videotaped today the Pope in Yad Vashen (the holocause museum}
<amos> and I cried while doing this--
<SteveF> :)
<amos> it is a great honor to introduce the "Pope" opf Wyckoff. I doube that there is a man
<amos> alive today that understands Wyckoff better than David Weis. He was my mentor.
<amos> (He is OLD)
<sagntnicht> Jesus, Amos
<Peggy> older than ole' Amos?
<lmarsh> Welcome Mr. Weis
<sagntnicht> Gary, I am watching the possible spring on monthly cocoa chart
<amos> and he is also probably the best Eiliottician around. Now you take these two schools togetehr
<fibo> he was my mentor too
<amos> and what do you get?
<gary fullett> Mr Weis I have heard many great things about you from amos and I am honored to have you join us
<sagntnicht> Ideas about monthly charts are abstractions. Something concrete needs to appear
User [Lavona /207.50.1.172] joined forum at Thu Mar 23 22:06:28 EST 2000
User [sal /206.175.236.6] joined forum at Thu Mar 23 22:06:28 EST 2000
<gary fullett> I have attempted to talk wyckoff in a chat room for almost 4 yrs
<sherri> Pleased to meet you 
<fibo> hi Lavona
<Lavona> Hello everyone
<Peggy> wb sal
<sagntnicht> on the daily. The 25% increase in price recently is a bullish change in behavior.
<lmarsh> hey Lavona, wb sal
<sal> PURDUE WON !!!!!!!!!!!!!!
<sagntnicht> Thank you Amos, You and Fibo were some of my best and favorite students
<sal> now i have a sore throat again from screamin:(
<amos> F---g Boilermakers
<fibo> thank you David
<sagntnicht> Amos, that was your state or school once
<amos> dont mention it
<amos> I spent 4 years in Lafayette
<sal> me too
<sherri> amos...I am only 40 miles from lafayette
<Frank> Iwas a boilermaker and i resent that amos
<sagntnicht> you're both very fortunate
<gary fullett> mr Weis we have this chat room Monday thur thursday nights
<gary fullett> and we attempt to understand wyckoff
<amos> David, I am sitting here night after night pounding the significance of long term charts and you
<amos> say they are not so significnat?
<sagntnicht> Well, it's a good endeavor, but where are the charts
<sagntnicht> I just spoke about spring on monthly cocoa
<sal> Frank, "am " not "was" :)
<sagntnicht> I still keep a book of monthly and yearly cash charts
<sagntnicht> by hand
<amos> so how are they esoteric?
<Frank> was, I am retired, and they did away with the job.
<Peggy> Mr. Weis, please relate the significance of those to our studies.
<lmarsh> 
<Lavona> 
<sal> k
<sagntnicht> You need to know the big picture. 
<fibo> 
<mrj> 
<gary fullett> Mr weis we tracked cocoa from its lows and we able to be long this market
<sagntnicht> Last year's low on cash yearly soybeans is a spring or tso of 27 year trading range
<gary fullett> amos pointed this out as well
<gary fullett> we have been discussing the grains over the past few months
<sagntnicht> You say you were able to be long. good
<gary fullett> yes sir
<sherri> keep talking beans...please
<amos> beans beans beans
<gary fullett> I focus on identifying support and resistance
<sagntnicht> Well, re beans, the cash rallied from last year's low at 3.87
<gary fullett> please continue Mr Weis
<Peggy> while he is gone, tell us who he is Amos
<amos> He is my teacher
<gary fullett> fibo or amos would you like to answer that?
<gary fullett> I learned from amos
<fibo> he is my teacher
User [sagtnicht /151.203.22.235] joined forum at Thu Mar 23 22:17:07 EST 2000
<gary fullett> and by myself
<fibo> welcome back
<gary fullett> welcome back Mr weis
<Peggy> welcome back
<jimbo> welcome
<sagtnicht> I'm sorry, but I had some error and had to start over
<sherri> 
<gary fullett> Mr Weis . can you elaborate about the beans?
<eric> 
<SteveF> 
<sagtnicht> From last year's low at 3.87 in cash to this week's high at 5.12
<sagtnicht> is a spring, but it will probably be retested in some manner
<amos> cash beans mad e a high this week???
<Lavona> 
<sagtnicht> I'm wrong. It was last Friday
<sagtnicht> Amos I still use the National paper and write out daily cash prices from WSJ
<amos> And they say that classics are dead
<sherri> is it alright to use central illinois cash price instead?
<fibo> did you ever get all of the prices cut out? :-)
<sagtnicht> Any cash price is all right as long as consistent data. Yes fibo
<sherri> thx
<sal> 
<fibo> good! 
<amos> Cash is the easiest way to overcome the concatenation problem
<Frank> 
<sagtnicht> Is that anything like transcendentalism
<mrj> 
<fibo> lol
<gary fullett> Mr weis would you recommend that cash should be charted on the daily weekly and monthly charts?
<amos> in a beaucolic way
<sagtnicht> I like cash prices because there are no aberrations caused by contract changes
<sagtnicht> but you have to remember I also have used Elliott Wave and cycles
<gary fullett> do you find the cash more accurate?
<jimbo> makes sense
<sagtnicht> and cash is helpful in those area
<gary fullett> Do you feel that wyckoff needs to be combined with Elliot wave?
<gary fullett> or can wyckoff be on its own?
<lmarsh> 
<sherri> 
<fibo> 
<eric> 
<sagtnicht> The cash is okay for big picture but no volume. As I told Fibo today, I hate these Elliott
<sagtnicht> eyes
<sal> bucolic :)
<sagtnicht> Wyckoff is best. On its own.
<fibo> i know what you mean
<gary fullett> That is what I always felt
<sherri> please explain
<sagtnicht> Go gary, tell her
<gary fullett> amos mentioned that he felt volume is distorted by vendors do you have opinion on this?
<fibo> we just put the volume off of the weekly's & monthlys on our cash chart
<sagtnicht> Amos always tried to figure out who or what is behind everything
<gary fullett> I feel wyckoff is the BEST an doesnt need to be combined
<sagtnicht> I agree
<gary fullett> I now and that is where he and I disagree
<gary fullett> I grew up with wyckoff in my trading career
<gary fullett> from the volume
<jimbo> combining would seem to lead to overinfo paralysis
<Lavona> 
<gary fullett> and drew histograms daily by hand on volume vs price action
<sagtnicht> There was a good article about Bill Gross the bond trader who went long on
<gary fullett> when I noticed heavy volume at a price I knew that was a signifiacnt price
<sagtnicht> January 12. Look on hourly at mid-day surge in vol. But we did not need to know
<gary fullett> I agree Jimbo
<sherri> what do you mean you hate these elliott eyes?
<sagtnicht> about his operations and deduction that bonds would rally because of
<mrj> 
<sagtnicht> shortage, etc.
<gary fullett> he runs the PIMCO fund for bonds
<sagtnicht> No more on Elliott, please
<sherri> ok
<Frank> 
<fibo> i'll explain later sherri
<sherri> ok thx
<sal> 
<SteveF> 
<Lavona> do you use fibonacci
<Peggy> 
<lmarsh> 
<fibo> 
<sagtnicht> Does anyone here look at the euro
<gary fullett> Yes I watch it daily
<amos> David, most people in this class are still beginners.
<sagtnicht> We're all learning
<Peggy> We are the 101 class of Wyckoff
<gary fullett> I have been learning for 19 years and I am beginner
<sagtnicht> I am having difficulty figuring the Euro out vol/price-wise
<sal> 
<eric> 
<sherri> 
<sagtnicht> who teaches the advanced class
<fibo> you?
<SteveF> amos
<SteveF> 
<Peggy> the position is open!!!
<mrj> 
<sagtnicht> Do you ever have problems for students to solve, like a past chart situation
<gary fullett> In early march the volume was heavy when the makrket made new lows but the prce action was positive
<amos> The advanced class is not taught yet.
<gary fullett> the close that is
<fibo> amos & gary are both good teachers
<Peggy> ditto
<lmarsh> yes
<gary fullett> Mr weis I would be honored if you will teach the advanc class
<sagtnicht> I wouldn't know how to do it on a computer
<gary fullett> I am just a student Mr weis
<gary fullett> we can do this in this chat room
<sagtnicht> You can call me David
<gary fullett> just like we are doing now
<gary fullett> okay
<sagtnicht> But we need charts
<Peggy> Gary sends those weekly
<fibo> yes gary & amos have told us too look at charts and tell what we see
<gary fullett> I email charts to people
<sagtnicht> I could write in data for you to plot on a chart
<sagtnicht> and then ask what you see
<SteveF> gary sends charts every tuesday
<sherri> 
<sagtnicht> I'm not too good with e-mailing attachments
<sagtnicht> but Amos will show me, I
<sagtnicht> am sure
<gary fullett> I am poor at it too but mt partner can send them
<sagtnicht> Well, maybe it's a possiblity
<gary fullett> if you tell me what charts you would like to discuss I would be honored to send them
<SteveF> great!
<sagtnicht> Well for teaching, it might be better to send part of a chart
<gary fullett> I want to get the wyckoff message out
<sagtnicht> and then put data on screen or will that work
<gary fullett> and for all of us to be good traders
<sherri> 
<Peggy> 
<eric> 
<fibo> 
<lmarsh> 
<mrj> 
<sagtnicht> I'll talk with you about it but I really defer to Amos as a teacher
<gary fullett> I will try to send the charts the way that you would like them to be sent
<sal> 
<Lavona> 
<gary fullett> amos does a great job with wyckoff thoery
<sagtnicht> Well let's talk about it on the phone. How do I reach you
<gary fullett> though his humor is unusual as you well know
<sagtnicht> I know
<fibo> yes he does
<gary fullett> me David?
<Peggy> hey, we like Amos' humor--unique
<sagtnicht> Yes
<amos> do not talk behind my back, please
<gary fullett> toll free 877 306-7100
<gary fullett> I have a knife 
<gary fullett> at your back amos :)
<Peggy> amos has an uzzi
<gary fullett> but I love u
<sal> oh oh
<SteveF> lol
<gary fullett> I would be honored to talk with you
<gary fullett> I work from my home watching markets 24 hours a day
<gary fullett> so call naytime
<jimbo> not downtown anymore?
<sherri> 
<Frank> 
<sal> peggy, he put it down for the pope
<sagtnicht> Okay. I hope Amos will contact me. We have a lot to catch up on
<gary fullett> David when you were talking about watching spreads may I ask what you meant
<sal> i hope
<sagtnicht> I don
<gary fullett> I watch spreads very reliously
<sagtnicht> t know how to find your e-mail
<gary fullett> riskybiz99@aol.com
<sagtnicht> By spreads, I mean the spread between daily high and low
<gary fullett> he talks about you constantly
<gary fullett> okay
<sagtnicht> That's nice I wanted his e-mail
<fibo> that is gary's e-mail
<gary fullett> riskybiz99 is my email
<gary fullett> amos can you give daid your email
<gary fullett> No jimbo I am not downtown anymore
<jimbo> since when?
<amos> check your inbox, david
<gary fullett> I hope david that you will be a regular to our class
<sagtnicht> Okay. Ich verstehe
<gary fullett> Jan
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<sagtnicht> Gary, I'll try to drop in 
<eric> 
<SteveF> 
<Lavona> 
<gary fullett> you are welcome anytime
<sagtnicht> I must go now but will be in touch. 
<gary fullett> and if you would like to discuss a topic I am sure we all would be honored to listen
<fibo> nite David thanks for coming
<SteveF> Thanks David..Come Back!
<sherri> please come back
<mrj> thanks david
<Peggy> Thank you for coming this evening.
<eric> thank david
<Lavona> nite
<amos> Was very nice surprise
<jimbo> thanx david
User [sagtnicht] left forum at Thu Mar 23 22:50:26 EST 2000
<gary fullett> Please do it was an honor to meet u
<SteveF> Thanks fibo!
<gary fullett> Fibo thank you so much for inviting him
<sal> thanks whoever you are:) (since i was late i dont have a clue,)
<amos> Now let me tell you people-- you have no idea what this was
<SteveF> lol
<amos> it is like Warren Buffet walked into a group of investors, this is how I feel
<gary fullett> amos explain
<sherri> must have been something important, amos that is the quietest I've seen you
<amos> fibo you are something else.
<fibo> we were visiting today and i mentioned amos and Gary and the site
<jimbo>-><gary fullett> Iowa Grains sent letter stating demise of ltg.
<Peggy> What a woman!!!!
<jimbo>-><gary fullett> put Gary Fullett into dogpile search engine.
<fibo> and so in invited him to come in.
<amos> If I ever told you how I met D Weis and how my 4 years next to him were-- you would be flabbergasted
<sal> you go girl
<fibo> he is one great person
<fibo> i know amos :-)
<amos> We used to listen to classical music and discuss Proust!
<fibo> and play chess
<fibo> He said you always beat him
<eric> 
<gary fullett> amos explain about how you know him
<amos> We were at ContiCommodity--he was the senior technical analyst and I was his vice
<sal> please
<amos> We had the best computer department around. It was like a Rolce Royce. We had
<amos> a large IBM frame computer and we wrote all the programs in Fortrun. OUr charts were
<amos> unbelievalbele.
<amos> Then when Mr Freeborg got tired of the shenainagns of some of the brokers in Florida
<gary fullett> amos this is the first time u r speechless
<amos> and Houston he sold COnti to Refco for 10 cents ono the dollar--It was beneath
<amos> Continental Grain Company to be smearched with such lowly acts.
<amos> The whole computer department was burnt to ashes. It was lilke the burning of the library
<amos> ioh Alexandria
<amos> in
<amos> So much quality material was thrown away. It is disgusting. SIL such is lif
<amos> life
<amos> But even life magazine is closing
<fibo> David was an English professor before commodities
<Peggy> so what happened after that?
<amos> We all went to the seashore
<sherri> 
<amos> ("Never on Sunday" with Melina Mercury)
<sal> Mefiterranean?
<amos> dit
<amos> famous movie.
<Peggy> back to the story, Amos
<amos> Then David went to work for Prechter for a while
<amos> I went to CHicago to be the Senior Technical Analyst for a sinking ship and what's hisname
<amos> from Refco (I am suppressing) did not llike my face
<mrj> 
<amos> David continued to write books (with Hutson and the guy from SMI)
<Lavona> 
<fibo> 
<amos> and is trading bonds for a living (I think, ask fibo)
<amos> 
<fibo> yes
<eric> 
<sal> 
<amos> This was quite a shocking eveining for me
<fibo> he was wanting to get in touch with you again amos
<amos> That is amazing
<Frank> a man needs to b surprised once in a while amos
<amos> and a woman too
<fibo> happy birthday amos :-)
<sal> :)
<amos> tks
<Peggy> I take it gary was taken aback, also, huh???
<amos> I guess
<Peggy> How long is he?
<amos> He called himself sagtnicht--the one who does not say
<Peggy> how old is he?
<sal> Deutsche?
<amos> He is very long , but sometimes he sells short
<fibo> not too old
<Peggy> lol
<fibo> in his 50's
<SteveF> David has a short chapter in "Charting The Stock Market: The Wyckoff Method" 
<Frank> nifty fifty
<sherri> that is definately not too old fibo....:-)
<sal> thanks fibo i like that not to o old 
<Peggy> great book, Steve
<fibo> lol! thanks sherri
<Lavona> He's older isn't he
<amos> If you are 30 years in the business you are an old dog
<fibo> that is true
<amos> You know the story of the old lady who kept marrying young guys?
<amos> They asked her why are you doing this?
<Frank> it killed her
<amos> She said: I heard that you cannot teach old dogs new tricks so I am changing the dogs.
<amos> One time
<amos> she is marrying a reaaly young fellow
<Lavona> hehe
<amos> they say:"Granny, what if something happens>"
<gary fullett> fibo I cant thnk u enough for introcing david to class
<amos> "If he dies--he dies" she answered
<Lavona> lol
<fibo> ROFL!!!
<Frank> lol
<sal> lol
<mrj> lol
<eric> lol
<SteveF> lol
<sherri> LOL
<Peggy> lol
<fibo> you are welcome gary..
<amos> ok time to go
<Frank> gn
User [gary fullett /152.202.18.120] joined forum at Thu Mar 23 23:06:28 EST 2000
<mrj> gn amos thanks
<sherri> nite amos
<Peggy> nite amos. Is itreally your birthday??
<fibo> nite amos
<SteveF> nite amos
<eric> nite amos
User [amos] left forum at Thu Mar 23 23:07:03 EST 2000
<Lavona> nite
<mrj> good night all Seee you'll tomorrow
<fibo> i don't know i just said that peggy
<gary fullett> this was reat tonight
<SteveF> nite mrj
<Peggy> nite, mrj
<fibo> oh sorry
<eric> nite mrj
<Frank> gn
<Lavona> nit
<sal> y'all root for Purdue for me please , final four in INDY 
User [mrj] left forum at Thu Mar 23 23:07:44 EST 2000
<gary fullett> i hope so
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<SteveF> Thanks again Fibo..good nite Gary and all
<sherri> sal...you go to Purdue?
<fibo> sal are you feeling o.k. now?
<gary fullett> jim can u call me?
<gary fullett> sal has a new voice
<Peggy> throaty???
<gary fullett> yes on the website
<sal> grad 19__ __ :)
<gary fullett> ltg-trading.com
<gary fullett> can u callme now Jim
<gary fullett> 877 306-7100
<fibo> sherri on the Elliott eyes... he meant that if you have ever learned Elliott..
<sal> let's say it was long enought ago to go to 67 Rose Bowl 
<fibo> that you can't help look at a chart and count waves..
<sherri> gottcha fibo....
<sherri> I see candles
<sal> fibo, that's true for me and i dont know but the basics of Elliott uh oh
<fibo> o.k. kinda like i was saying you can't unlearn years of study.
<Lavona> a chart! fibo every thing you look at has waves don't you think
<Peggy> me too
<gary fullett> I agree with that
<fibo> i like candles too
<fibo> lol! true Lavona
<gary fullett> fibo what does david trade?
<gary fullett> I hope he comes back to class
<Lavona> that how I pick out my bananas
<gary fullett> I think we all can benefit
<fibo> lol@Lavona
<jimbo> Bye everybody! Enjoyed my first night.
<fibo> gary he daytrades bonds
<fibo> nite jimbo
<Peggy> nite jimbo
<sherri> nite jimbo
<SteveF> bye jimbo
<Lavona> nite
<eric> bye jimbo
<fibo> but he does trades other things too.
<fibo> 
<fibo> bonds is his main thing
<gary fullett> night jimbo
<gary fullett> amos always said he tarded bonds
<gary fullett> I never heard amos speechless
<fibo> he willl hold them till it tells him not to
<sal> reminds me of one of the experts on INO sayings bonds was good to trade 
<sal> because it couldnt be so manipulated
<Peggy> Gary, why haven't bonds dropped with the interest rate increase?
<fibo> it has great liquidity
<sherri> biggest market in chicago
<sal> y
<gary fullett> 1 min
<Peggy> so Fibo, this guy is like famous??
<fibo> he is in mine and amos' book 
<Lavona> y
<Peggy> I have only heard of Buffet
<sherri> what is a good book of his to read fibo?
<fibo> he is the Wyckoff expert. he wrote the commodities newsletter for Precther then
<fibo> wrote his own newsletter for awhile
<gary fullett> and mine too
<Lavona> why did he leave Precther?
<sal> i'm beginning to think fibo is famous too
<fibo> no i am not..
<Peggy> me, too, Sal
<sal> you are to us :)
<SteveF> a 45 minute "Bonds" bar chart with tick volume is a good chart to study Wyckoff.
<sherri> maybe...you will be fibo....;-)
<Peggy> ditto
<fibo> :-)
<Peggy> why 45
<SteveF> look and you will see
<Lavona> fibo studies, works hard and is generous
<fibo> a good one is on the post page where dave listed books. 
<fibo> thanks Lavona :-)
<Peggy> where is that fibo
<sherri> ok thx
<sal> I 'm not suggesting being nosey but it would be interesting to know the general bio' of cla s mates 
<Lavona> I tired, goodnight all and thanks
<fibo> on the post page on this site.. it is a booklet 
User [Lavona] left forum at Thu Mar 23 23:18:13 EST 2000
<Peggy> I agree, Sal
<eric> 
<sherri> nite folks
<Peggy> nite, Sherri
<SteveF> good nite all
<fibo> he also wrote a good learning book i will have to find it i think it was more on Elliott
<fibo> and volume.
<fibo> He also had some seminar video tapes at one time that explains Wyckoff & Elliott
<fibo> nite steve
<SteveF> nite
<Peggy> Fibo, does it sound as though he uses some Wyckoff but not all of it?
<fibo> He is writing a book on Wyckoff i don't know when it will be done
<fibo> he uses all of Wyckoff..
<Peggy> Didn't he say he didn't look for SC, BC, etc
<fibo> that is why he said it is hard to get Elliot count out of the picture
<fibo> he uses them but he thinks the markets are so much faster now that he looks
<fibo> at what all he mentioned earlier. He got long cocoa on that bottom because of
<gary fullett> im on a call
<fibo> Wyckoff 
<Peggy> where do I find cash on beans?
<fibo> Peggy we take the wall street journal also and get them out of there every day
<Peggy> and chart them by hand?
<SteveF> stay til last gary and all will be on log.
<Peggy> or a spreadsheet?
<gary fullett> i will
User [sherri] left forum at Thu Mar 23 23:23:29 EST 2000
<fibo> we just put the range on our charting software.every day
<fibo> we also put the weekly volume on it
<fibo> our cash data goes back to dec. 91
<Peggy> you can enter data into your program to create a chart? 
<fibo> yes on the ensign
<Peggy> k
<fibo> we can enter data by hand and vol.
<fibo> we name it something else so the other charts don't mess with it
<sal> gotto go and enter data on my 1040 (ugh) nite all
<fibo> that is when David told us to keep the cash charts..
<Peggy> what significant do you use it for?
<Peggy> nite Sal
<fibo> nite sal
<fibo> you can compare it to the other weeklys..
<eric> nite sal
User [sal] left forum at Thu Mar 23 23:27:13 EST 2000
<fibo> the thing is it is always continous and not affected by contract changes
<fibo> wow 
<fibo> it is not affected by contract changes
<Peggy> k
<fibo> it takes a while to learn the Wyckoff..
<fibo> i am still learning.
<Peggy> Steve, have you read Hutson's book?
<fibo> David told me to take a year and study it 
<eric> thanks fibo and gary, good night to all
<fibo> nite eric
<Peggy> nite eric
User [eric] left forum at Thu Mar 23 23:29:34 EST 2000
<SteveF> Gary , mention the post board to david as that format is better for essays
<fibo> that book were articles that appeared in Stocks & Commodities magazines
<SteveF> yes peggy
<Peggy> finished it this week. The written page is valuable, and easier to remember than here
<fibo> Peggy i will get back to you on your e-mail
<Peggy> thank you, Fibo. 
<fibo> :-)
<SteveF> that book only made sense to me because of the foundation laid by gary.
<Peggy> David told you to take a year and learn Wyckoff?
<Peggy> right, Steve; I found that true also
<fibo> he said it would take that long to grasp it all.
<Peggy> and did it take that long?
<fibo> that was around 90 or 91
<fibo> yes and i am still learning.. amos & gary have really helped me refresh on it
<fibo> and brought up many points that have helped
<Peggy> what markets do you trade mainly?
<gary fullett> i hope u r learning fibo and i learn from u
<gary fullett> im sorry im on the phone
<fibo> mostly grains peggy..something else if i see it
<fibo> no problem gary
<Peggy> My question this evening was the volume numbers.
<Peggy> With stocks I see numbers in the millions but
<fibo> Peggy it sounds like you are learning this well
<Peggy> with a front month or one back I probably only see double digit numbers
<Peggy> that fluctuate by 20 or 30.
<Peggy> Fibo, it is the application and independence?? that is difficult, to be creative with info
<SteveF> your chart legent should tell you if 100 means 100 thousand etc
<fibo> the volume on the stock tells the same thing
<Peggy> when I download say cocoa it will say volume 1
<fibo> Peggy if you are trading any commodity..you have to have the total vol. of all 
<fibo> contracts added together.. 
<Peggy> Gary says otherwise. You don't mean the individual volume for say, July or June
<fibo> like amos said..it is the pits to get good volume
<fibo> the volume on the front month will be the most active..
<Peggy> right
<fibo> but when it gets close to first notice day it will go down and the next
<fibo> month will have the best volume..
<Peggy> y
<SteveF> nite ya'll.. I'm really going this time :)
<fibo> just like yesterday the may wheat had vol. of 11,500 
<Peggy> nite, Steve
<fibo> and Jul. had 52,00
<fibo> excuse me
<fibo> 5,200
User [SteveF] left forum at Thu Mar 23 23:39:39 EST 2000
<Peggy> Fibo, in July corn for yesterday my volume says 96, no zeros, no thousands, juste 96
<fibo> o.k. it means 9,600
<fibo> may has 27,384
<Peggy> I didn't know that. Are you looking at total volume or individual
<fibo> our software adds total corn volume of all contracts and puts total vol. on
<fibo> each contract.
<Peggy> so if I downloaded one month with total volume it might be sufficient?
<fibo> David told us to always look at total. 
<fibo> i don't know what you are downloading from Peggy
<Peggy> all my charts would need to be evolved to have total volume on them
<fibo> Gary's charts doesn't have total volume and he does all right with them
<Peggy> I download from a service into a metastock format that I put in supercharts
<fibo> the new Ensign software for windows just has the contract vol.
<fibo> not total. that is why i haven't gone to it.
<fibo> i will probably be forced to..because they don't even sell the one i have anymore
<Peggy> after a while they probably will not support it any longer. Supercharts is like that
<fibo> that is true Peggy
<Peggy> newer is not always better.
<fibo> that is why my husband keeps hand build charts with correct volume on them
<Peggy> David did not answer the question concerning fib numbers
<Peggy> that's amazing, fibo
<fibo> and if he has to we can get the prices & volume out of wall streets again and
<fibo> add it up
<fibo> i think that is when he was having isp problems
<Peggy> does he use them?
<fibo> he used to 
<Peggy> in conjunction with Elliott?
<fibo> peggy as he said tonite about the Elliott eyes..
<fibo> if you have learned it your brain will see a 5 or a 3 when you look at a chart
<fibo> and there can be so many counts in Elliott that you have to
<fibo> "turn off the Elliott eyes" and look at the Wyckoff.
<Peggy> interesting. 
<Peggy> I better head for bed, folks. Nite Fibo, nite Gary
<fibo> me too Peggy nite
<fibo> nite gary
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User [gary fullett /152.202.18.120] joined forum at Thu Mar 23 23:54:07 EST 2000
<gary fullett> hey fibo
<gary fullett> good night
User [gary fullett] left forum at Thu Mar 23 23:54:36 EST 2000