User [gary fullett /152.203.170.175] joined forum at Tue Apr 11 20:04:47 EDT 2000
<Sherry> hi
User [Lavona /207.50.1.153] joined forum at Tue Apr 11 20:04:51 EDT 2000
<davep> hi sherri
<gary fullett> good evening everyone
<Lavona> Hi everyone
<gary fullett> did everyone get charts?
<lmarsh> hi Gary
<mrj> hi gar and lavona
<sherri> hello gary
User [eric /206.98.11.129] joined forum at Tue Apr 11 20:05:21 EDT 2000
<sherri> and Lavona
<davep> hi Gary
<Sherry> Hello Gary
<mrj> hi eric
<davep> hi Lavona
<sherri> hi eric
<eric> hi mrj sherri and everyone
<gary fullett> before I begin are there any questions?
<gary fullett> wyckoff or in general?
<gary fullett> okay I will begin
<gary fullett> tonight we will go over charts only
User [fibo /204.119.225.196] joined forum at Tue Apr 11 20:06:57 EDT 2000
<mrj> hi fibo
User [SteveF /216.76.154.97] joined forum at Tue Apr 11 20:07:04 EDT 2000
<sherri> howdy fibo
<mrj> hey steve
<davep> hi fibo
<gary fullett> on tuesday that is the way I think we should do it
<Lavona> Hi fibo
<sherri> and steve
<fibo> hello everyone
<lmarsh> hi fibo & steveF
<gary fullett> because other days we can talk wyckoff thoery
<Lavona> steve
<lmarsh> ok
<gary fullett> I missed this trade
<gary fullett> but amos did mention it last night
<gary fullett> and by the time I saw it I felt it was too late
<gary fullett> but really it wasnt as it went much lower
<gary fullett> june bonds
<gary fullett> I drew a trendline that i feel
<SteveF> Hello all
<gary fullett> is very significant
<gary fullett> do you see this from the January lows
User [Peggy /206.173.161.158] joined forum at Tue Apr 11 20:09:24 EDT 2000
<Peggy> sorry
<fibo> hi Peggy
<gary fullett> this low will connect to the low made in march
<mrj> wb peggy
<sherri> hi peggy
<gary fullett> do u see this?
<Lavona> hi Peggy
<Peggy> :)
<lmarsh> Yes
<Gordy> y
<sherri> y
<Lavona> y
<gary fullett> what is important to note is that after the 3rd
<gary fullett> I mean second
<Peggy>-><mrj> where are we?
<gary fullett> line it will give u a third point
<mrj> june bonds
<gary fullett> whta is nice to see is the reaction rally from the second point
<gary fullett> at the 9316 area
<mrj> got it Peggy
User [SteveF. /216.76.154.97] joined forum at Tue Apr 11 20:10:59 EDT 2000
<gary fullett> so trendlines to me are important when u see the reaction off of them
<gary fullett> as I have said many times
<gary fullett> so since the reaction was strong
<Peggy>-><mrj> what chart are we on?
<gary fullett> if the market breaks to support
<mrj>-><Peggy> June bonds
<gary fullett> the reaction MUST be good
<gary fullett> or the whole day trend
<gary fullett> will fail
<gary fullett> it is interesting to note
<gary fullett> that the trendline will many times
<gary fullett> co incide
<gary fullett> with a horizontal trendline
<mrj>-><Peggy> Got it Peggy
<gary fullett> so the bonds to me can go to the 9616 area
<Peggy>-><mrj> I got it off the site, Thanks mrj
<gary fullett> to the 9600 area as key support
<mrj>-><Peggy> ok
<gary fullett> do u see the quick retest
<gary fullett> of the highs today
<Sherry> y
<fibo> y
<eric> y
<Gordy> y
<davep> y
<sal> 
<Peggy> y
<lmarsh> y
<SteveF.> 
<gary fullett> u know this was key resistance because look at the break
<gary fullett> and reaction
<sherri> 
<lmarsh> good point!
<gary fullett> now the question is how far can the bonds break
<gary fullett> it is the REACTION from support or resisiatnce is most important
<Lavona> 
<gary fullett> because the cm exerts buying or selling pressure at these critical junctures
<gary fullett> if the reaction is small
User [mike /171.215.29.247] joined forum at Tue Apr 11 20:15:18 EDT 2000
<gary fullett> then the cm doesnt feel that it is an important level
<Peggy> and he won't manipulate it much?
<gary fullett> do you understand what I mean HOW a market reacts from a precieved support or resistance area
<sherri> y
<Peggy> y
<lmarsh> y
<gary fullett> the speed and the price action of the rally or break
<gary fullett> it doesnt give the public a chance to follow him till later in the move
<mrj> 
<gary fullett> so the question is how far can the bonds break?
<gary fullett> well is there cause built up?
<lmarsh> projected trendline? target?
User [mike] left forum at Tue Apr 11 20:17:17 EDT 2000
<gary fullett> how long have the bonds distributed?
<gary fullett> the sideways action only gace u a counr for about a week
User [mike /171.215.29.247] joined forum at Tue Apr 11 20:17:40 EDT 2000
<gary fullett> so there is not enough cuase at this point for a sustain down move
<gary fullett> cause vs effect.
<gary fullett> a market can accumalte and distribute for a week
<gary fullett> and start a major move up or down
<gary fullett> like is there is a quarter tank of gas
<fibo> gary that was one of Peggy's questions the other night about the signifance of a trendline and a horizontal line converging..
<gary fullett> you would have an impossible time travling very far
<Sherry> 
<gary fullett> that is a great question
<gary fullett> I believe that many times
<gary fullett> the tendline (sloping line)
<gary fullett> will coincide
<gary fullett> with horizontal support
<gary fullett> that is one of the things I look for
<gary fullett> I thinkmit is very significant
<fibo> and i said they were significant when they were same area.. and amos said i was finessing it :-)
<gary fullett> so I am sorry I didnt answer it the other night
<fibo> pardon the spelling
<gary fullett> but i find it paramont to follow
<sherri> 
<gary fullett> oh i do remember
<Peggy> on a scale of 1 to 10, where does it fall?
<gary fullett> I can spell but cant type
<gary fullett> I even won a spelling bee :)
<Peggy> but you sure can out talk us, son
<gary fullett> to me a 9
<mrj> lol peggy
User [amos /62.0.146.71] joined forum at Tue Apr 11 20:21:34 EDT 2000
<gary fullett> trendlines weather support or resisatnce
<mrj> hi amos
<davep> hi amos
<gary fullett> are in a sense arbitraury
<amos> hello, sorry
<fibo> hi amos
<gary fullett> but when u REACT
<Peggy> evening, Amos
<gary fullett> from precived support or resistance
<Sherry> Hi amos
<gary fullett> this means that what you identified
<Lavona> amos
<gary fullett> is very very important
<gary fullett> if u can draw proper trendlines and proper horizontal lines
<gary fullett> this is the Key to sucess 
<gary fullett> if you can also identify is it accumaultion or distributiobn
<gary fullett> to the whole world head and shoulders
<sal> 
<gary fullett> is easy
<Lavona> at what price level is the horizonatal line?
<gary fullett> but it really menas nothing
<gary fullett> to me the 9600 area is critical in bonds
<gary fullett> but head a shoulders is a gimmick
<Sherry> 
<gary fullett> you must watch the markets actions
<Peggy> 
<gary fullett> because a "head and shoulders"
<gary fullett> could still mean a big up move will occur
<gary fullett> at beat it is a 50 -50 guess
<gary fullett> best
<lmarsh> 
<eric> 
<SteveF.> 
<Gordy> 
<amos> 
<gary fullett> amos since you mentioned the bonds the other day do u want to comment on them
<Sherry> What if an inverted head and shoulders appears after support has shown excellant reaction?
<amos> The only thing I wanted to say is that this is a good example how you must watch those stupid recent highs and lows and see
<davep> 
<amos> how the market reacts to them.
<gary fullett> I was mentioning that there isnt much cause in the bonds to break significantly from this level
<gary fullett> I did mention that REACTIONS
<amos> The last high at 99-26 was followed by a rather strong decline. We cam e all the way to it, the market tried to puse
<gary fullett> from support or resisatnce
<gary fullett> the force of the selling or buying is critical
<amos> for stops above 99-26--- when there was none--they all turned around and sold. IF you used a 15 min
<amos> thrust--you would be able to sell around 00-12-99-16 wi the very close stop. If you can do such trades
<amos> again and again.....you have a good business. (as Peggy mentioned last night)
<gary fullett> where do u think the bonds can go to?
<amos> I have no idea where they would go, the only point with high LOK was the 99-26.
<amos> Now we have to llok for support--you tell me where is next signficant support?
<gary fullett> do u have a cause to where they can go?
User [Jimbo /63.31.234.125] joined forum at Tue Apr 11 20:29:16 EDT 2000
<gary fullett> I mentioned that the 9616 to 9600 area
<mrj> hi jimbo
<amos> That sounds good. If anyone can look at the 4X3 Point and figure--the bonds are very predictable on that count.
<Jimbo> hey mrj
<fibo> 95-24 
<gary fullett> so the 9600 area is decent then okay thank you fibo
<amos> Again, it depends how we get there--if we react straight down--chances are the market will run out of gas.
<amos> If we strickly down and the market builids cause as we go along-- it can go much lower.
<gary fullett> well if we distribute at these levels the market will build cause
<amos> It depends on the monthly and weekly.
<gary fullett> amos u mentioend that the daily was up
<gary fullett> weekly sideways
<gary fullett> and monthly down yesterday
<gary fullett> how would u handle the market
<gary fullett> would u look for support to buy
<gary fullett> or would u look for resisatnce to sell?
<amos> from a daily definition point of view you could say we had a PLS and BC and today was the beginning of AR.
<gary fullett> yes I see that
<gary fullett> class do u see what amos is talking about?
<amos> You can scalp long at 95-24, asw fibo said.
User [chris /63.14.212.94] joined forum at Tue Apr 11 20:32:53 EDT 2000
<sherri> y
<gary fullett> hi chris
<Jimbo> y
<Lavona> chris
<fibo> hi chris
<lmarsh> yes
<fibo> y
<chris> <hi everyone
<sal> hi
<Sherry> y
<gary fullett> any other questions on bonds?
<amos> What is the yield at 100 anyone knows?
<gary fullett> I thought they changed froma 8 percent yield
<fibo> about 6 ..not sure
<gary fullett> to a 6 percent yield
<gary fullett> so par or 100 I think is 6 percent now
<amos> so 100 is exactly 6% or a little lower?
<gary fullett> yes..
<gary fullett> cocoa weekly
<gary fullett> I have found many times
<amos> It would help to look at a long term yield chart and see if there is clearer picture
<gary fullett> that in a downtrend
<gary fullett> if u draw a line thru support
<gary fullett> slpoing
<sherri> 
<gary fullett> that this teendline will give u support
<gary fullett> though the market is making new lows
User [SteveF. /216.76.154.97] joined forum at Tue Apr 11 20:36:20 EDT 2000
<SteveF.> 0%
<gary fullett> the pound did that 2 weeks ago
<Gordy> 
<gary fullett> and look at the cocoa trendline I drew
<gary fullett> it came in at the 750 area
<gary fullett> do u see that line
<lmarsh> y
<sal> y
<Sherry> no chart
<Gordy> y
<Jimbo> y
<Lavona> y
<Peggy> y
<davep> y
<chris> y
<fibo> y
<gary fullett> if u look at november as PS
<eric> y
<gary fullett> prelimary support
<Jimbo> Sherry- charts in archives
<gary fullett> then a reaction to resisatnce
<gary fullett> a tad above 900
<gary fullett> in mid Nov
<gary fullett> then a break to new lows
<Sherry> thanks
<gary fullett> in late feb I beleiev
<gary fullett> this could be the SC
<gary fullett> sellin cliamx
<gary fullett> the reaction back to ressiatnce at the 950 area
<gary fullett> now we are reting support
<gary fullett> I believe we are building cause
<gary fullett> so a trading range here could take some time
<sherri> 
<gary fullett> or may react a bit from here
<gary fullett> but that trendline I drew
<gary fullett> for me it works well
<gary fullett> I dont know if it is wyckoff
<gary fullett> but i fiind that it pinpoints sipport
<gary fullett> and resistance
<gary fullett> questions?
<sal> brb
User [sal] left forum at Tue Apr 11 20:42:00 EDT 2000
<mrj> 
<gary fullett> I want to mention
<SteveF.> 
<gary fullett> did any one
<gary fullett> see John bolinger on CNBC?
<lmarsh> not i
<sherri> he was on ino.com a week ago
<davep> 
<Jimbo> n
<gary fullett> he mentioend wyckoff
<gary fullett> rfering to the Nasdaq
<sherri> he is trying to perfect a system using volume
<gary fullett> and thinking that there would be a retest of the lows
<gary fullett> but we kinda know this as wyckoff students
<gary fullett> yes he is
User [SDTREKKER /152.203.92.171] joined forum at Tue Apr 11 20:43:40 EDT 2000
<Sherry> 
<gary fullett> he wants to use his bands with volume
<sherri> yes
<gary fullett> welcome SD
<fibo> hi SD
<gary fullett> that would be interesting
<Lavona> hi sd
<sherri> hi Ds
<sherri> woops SD
<gary fullett> Class SD is one of this classes original students
<gary fullett> he was in the first classes
<fibo> welcome SD
<SDTREKKER> Thank you. It's been a long time.
<gary fullett> quesrion s on cocoa
<lmarsh> Hello SD
<Sherry> hi SD
<gary fullett> I know and I miss u personally
<Jimbo> howdy sd
<Gordy> How long ago SD?
<gary fullett> I want to talk about a market
<gary fullett> that we havent mentione din awhile
<SDTREKKER> 7 or 8 months.
<Gordy> great
<gary fullett> and why as amos said that long term charts are very very important
<gary fullett> you can only see this on a monthly chart
User [amos /62.0.146.71] joined forum at Tue Apr 11 20:46:25 EDT 2000
<gary fullett> look at the monthly crude
<gary fullett> SD amos has been studying yckoff for over 22 years
<gary fullett> he is one of our teachers now
<gary fullett> Amos SD was one of the original people in this class
<gary fullett> a very very nice person
<amos> is he the supply /demand man?
<gary fullett> look at the low in crude in 1986
<eric> 
<sherri> 
<gary fullett> one of the best epopel u will ever meet like veryone here
<Peggy> 
<fibo> 
<SteveF.> : )
<SDTREKKER> None of the above, Amos. Not supply/demand, not man
<gary fullett> see the low at 10
<gary fullett> :)
<sherri> LOL
<gary fullett> the market reacted
<Sherry> 
<gary fullett> to 23 area
<gary fullett> see this
<gary fullett> in mid 87
<SDTREKKER> y
<eric> y
<Peggy> y
<lmarsh> y
<gary fullett> after the market going to 23
<fibo> y
<Jimbo> y
<gary fullett> the market had to have some type orf retest
<gary fullett> in did late 88
<gary fullett> back to about 1250 area
<Lavona> 
<mrj> 
<gary fullett> the point is
<gary fullett> that it took a Gulf war
<chris> 
<gary fullett> and 13 yrs
<gary fullett> for the market to retest the key support
<gary fullett> at 10
<gary fullett> so if you were watching the charts
<gary fullett> last yrs
<gary fullett> february to be exact
<gary fullett> you could have bought a 13 yr
<gary fullett> retest on a monthly
<gary fullett> this is probaly the highest LOK
<gary fullett> there is
<gary fullett> the highest risk to reward trade
<gary fullett> a double bottom on a monthly
<gary fullett> this only gave u a move of about 25 k
<gary fullett> but if u look and it is obvious
<sherri> DID YOU BUY?
<gary fullett> I must say I did for clients
<sherri> you make me proud gary
<gary fullett> But i am embarssed to say where i got out
<amos> 11?
<gary fullett> I got out at 1250 after buying at 1050 area
<sherri> LOL
<fibo> lol
<lmarsh> ooof
<gary fullett> I had been in several times but not really in after the market went above 22
<sherri> isn'r 20/20 great?
<Sherry> was there a ll on monthly
<gary fullett> I am too narrow minded sometimes
<fibo> ice melted?
<gary fullett> well in this case sherri I was stupid
<SDTREKKER> that word is conservative gary
<gary fullett> I shoud have rolled over 
<gary fullett> yes SD
<fibo> still made money
<gary fullett> I am not proud that I identified it and missed 80, percent of the move
<gary fullett> but u see the Power of the monthly
<gary fullett> but I giess when i and many poeple identified the stock market being bullish in 82
<gary fullett> not many people rode that train either
<Peggy> 
<gary fullett> but do you see why using a monthly and weekly
<gary fullett> are very important
<sherri> y
<Sherry> y
<Lavona> y
<gary fullett> I must admit I dont use them enough
<Jimbo> y
<Gordy> y
<fibo> y
<davep> y
<amos> 
<SteveF.> 
<lmarsh> 
<eric> 
<gary fullett> I will say that amos identified monthly resistance of coffee
<gary fullett> at the 275 area several yrs ago
<amos> BTW the same picture we just saw in bonds exists as of tonite in the DOW at 11418!
<gary fullett> a monthly doulble top
<gary fullett> do u remeber this amos?
<amos> I have my own horror stories.
<gary fullett> wuld u sell that area in the dow amos?
<gary fullett> I know u do as I
<Sherry> 
<SDTREKKER> 
<amos> If you get a sell signal on the intraday and you can have a reasonable stop loss? Of course!!!
<gary fullett> question s on crude to me this chart is the classic 
<gary fullett> monthly
<gary fullett> if you look at the weekly crude chart
<gary fullett> u will notice the cause that build
<gary fullett> built
<gary fullett> in 98n thru 99
User [Frank /207.230.57.49] joined forum at Tue Apr 11 20:59:02 EDT 2000
<SteveF.> hey frank
<sherri> hi Frank
<fibo> hello Frank
<gary fullett> a whole yr cause lead to a 22 dollar rally
<gary fullett> !!!!
<Peggy> hi, Frank. Good to see you
<mrj> Hey Frank
<gary fullett> not bad huh
<Frank> hi every one
<lmarsh> no,..not bad @ all
<davep> hi frank
<Peggy> and look at that volume toward the end!! off the chart!!
<Lavona> hi Frank
<mrj>-><Frank> Glad you could make it Frank
<gary fullett> yep
<Gordy> Thanks Gary, Amos and all, long day tomorrow, nite
<gary fullett> look at the volume march 99
<sherri> nite G
User [Gordy] left forum at Tue Apr 11 21:01:43 EDT 2000
<fibo> nite gordy
<Peggy> nite, Gordy
<gary fullett> night gordy
<gary fullett> high volume
<gary fullett> wide price action
<Jimbo> gn gordy
<Lavona> nite G
<gary fullett> shows demand....
<Frank>-><mrj> me too got an hour to kill before I look at charts. picked up the titanic sound track to listen to 
<Frank>-><mrj> when trading
<gary fullett> breifly gold than the grains and CRB
<lmarsh> k
<gary fullett> gold to me has been sideways from begining of 98
<mrj>-><Frank> great idea Frank
<gary fullett> but to me something changed
<gary fullett> with the big rally in sept
<mrj> 
<Frank>-><mrj> got it from a psychic!
<sherri> 
<gary fullett> this to me showed the first signs of demand
<lmarsh> ,. brb
<davep> 
User [lmarsh] left forum at Tue Apr 11 21:04:11 EDT 2000
<gary fullett> then the market
<Peggy> 
<gary fullett> broke
<gary fullett> for about 2 months
<Peggy> is that a five-hit bottom with a terminal shake there?
<gary fullett> then a sharp rally again
<eric> 
<SDTREKKER> keeps retesting support
<gary fullett> early this yr feb
<gary fullett> right sd
<Frank>-><mrj> she said to listen too classical music while trading day trading or looking for a long term entry
<gary fullett> now the market is testing support
<gary fullett> if th amrket fails at the 278-280 area
User [sal /206.175.237.66] joined forum at Tue Apr 11 21:05:44 EDT 2000
<gary fullett> the market can retest
<amos> 
<gary fullett> support back at the lows of 260
<gary fullett> do you see this?
<fibo> hi sal
<Peggy> y
<SDTREKKER> y
<sal> hi
<sherri> y
<Jimbo> y
<fibo> y
<Sherry> y
<Lavona> y
<mrj>-><Frank> Probably good for the mind huh Frank
<fibo> gold sal
<gary fullett> so the key areas to me are the 275-280 area
<gary fullett> then 260 area
<sal> k thnx
<gary fullett> questions on gold..?
<chris> y
<SteveF.> 
<SDTREKKER> no. what you say makes sense
<Jimbo> ditto
<gary fullett> I hope it makes dollars too for everyone
<gary fullett> maybe the "news " will be a bearish stock market :)
<Lavona> sooner the better
<gary fullett> and that gold will rally from here
<gary fullett> I bet that that is what they use as an excuse if the marjket does rally
<gary fullett> but it may be identified now as accumaultion
<gary fullett> and the mark up ohase will begin
<gary fullett> with that :news.
<gary fullett> no questions?
<Lavona> n
<Jimbo> n
<gary fullett> I have sent the weekly and monthly corn and bean charts
<gary fullett> so u can have them again
<gary fullett> they are important because the are reflected in the CRB
<gary fullett> that we have been watching
<Frank>-><mrj> It is a lot easier less stress, and I do like classical music. just put in Vivaldi. guess that messes up my hill billy personna HUH?
<gary fullett> ad the grains could be the one that rallies the CRB higher
<sal> brb
User [sal] left forum at Tue Apr 11 21:10:36 EDT 2000
<amos> 
<SDTREKKER> 
<Sherry> 
<gary fullett> lets begin with the CRB cash again
<mrj>-><Frank> Never happen Frank lol
<gary fullett> I did send this chart before
<gary fullett> but I want to make sure everyone got it if they missed it last week
<gary fullett> I have labeled this for u
<SDTREKKER> y
<gary fullett> to what I see
<Peggy> this labeling helps, thank you
<gary fullett> amos would u like to comment on the monthly cash crb
<fibo> 
<gary fullett> I dont want to label everything everytime
<SteveF.> 
<gary fullett> I want all of us to do this practice makes perfect
<Peggy> understood
<Frank>-><mrj> good i have been woried, they just gave us new addresses, no more RR1
<gary fullett> I will send examples
<gary fullett> but we all should try to identify this
<amos> All I can say that if the last high was a true new high and the trend is up--then the market should not
<amos> go belose the last low which is 206.74. So fra it is going down.
<amos> It has to go above 210.17 on the cash daily to start a rally. These are the two important points. Beyond this it is a guess.
<mrj> 
<Lavona> 
<gary fullett> amos can the market retest the 19400 area
<davep> 
<gary fullett> and still be in its trading range accumulting?
<amos> I do not see it.
<gary fullett> a retest of the creek
<gary fullett> do u have the chart I sent?
<eric> 
<sherri> 
<SDTREKKER> what does the volume look like?
<gary fullett> is that line (horizontal) not significant to u?
<amos> That will mean beans going to 460, gold to 250, crude to 20 cotton to 50
<gary fullett> no volume with this cash chart sd
<amos> do you see this? possible.
<amos> but highly unlikely.
<gary fullett> well if crude goes to 15
<SDTREKKER> i see that. But do you EVER get volume?
<sherri> you're fired amos
<gary fullett> :)
<amos> You can substitute futures volume under cash
<gary fullett> have to get a vendor that gets this sd
<Frank>-><mrj> u ever hear of Anne-Sophie Mutter. She plays a heck of a violin
<gary fullett> i do that is
<amos> I am still of the opinion that we are just groping for April lows in many commoditieys and once we find
<mrj>-><Frank> no Frank Not too much into music
<amos> them--we are going much higher in commdtities. from gold to beans to coffee They all have positive chart pattern of asome sort of accumulation and not of distribution
<gary fullett> amos can u spend a few minutes on the beans and the corn charts that I sent?
<sherri> yes amos but those accumulations are on long term charts
<amos> have you noticed that other than energy--most markets are meandering in the last few days--kind of waiting for GUdot?
<Peggy> ??? GUdot?
<amos> Famous play by Brecht I think
<amos> "waiting for Gudot"
<Jimbo> Beckett
<amos> At least I got one letter tifht
<amos> right
<sherri> LOL
<davep> amos, think futures waiting for nasdaq & dow?
<amos> no no no no
<amos> do not ever use this correlation. It cost people fortunes. Judge each market for itself.
<amos> I am not against relative strength judgment within sectors-but euating bonds with inflation is so costly. and the stock market is juust
<Lavona> y
<amos> a place for smart money to play. no connection between commodities and stock market.
<chris> 
<fibo> 
<SteveF.> 
<amos> remember, when you make these analyises--you are pretending to KNOW the market and that you are a small CM. We are not CM
<amos> Even Linda Raschke talks about the CM and admits that everything is maniuplated.
<Jimbo> trying to be a piggyback CM
<amos> If you read her 50 aphorisms of market wisdo--- they are better than usual. They concetnrate on the significance of the trader and his mindset
<Lavona>-><fibo> remember the guy from Texas ansd Sue?
<amos> At any rate--I said above that many markets seem to wait for something--this is usuallyu the lull before some kind of storm.
<Frank> where did you find that amos?
<amos> mrci.com
<fibo>-><Lavona> lol
<gary fullett>-><fibo> does david ever mention linda?
<Frank> under what heading amos?
<amos> I think LBR
<fibo>-><gary fullett> he hasn't to us gary.
User [Sherry] left forum at Tue Apr 11 21:26:20 EDT 2000
<Frank> thanks will check it out
<Jimbo>-><gary fullett> Gary, My bean & cocoa charts showed same points as yours
<gary fullett> I think amos loves her
<amos> it is posted on the post board at ltg
<gary fullett>-><fibo> I think amos loves her
<Frank> me too 
<amos> Gary, she is one smart lady.
<Frank> gary
<fibo>-><gary fullett> ooops!
User [SDTREKKER] left forum at Tue Apr 11 21:27:32 EDT 2000
<gary fullett>-><fibo> I messed up
<Peggy> nite all
<amos> If you look at the weekly gold chart--Richard Dennis turtle method was to buy when the market takes out 4 week high.
<fibo>-><gary fullett> you sure did:-)
<sherri> nite peggy
<mrj> gn peggy
<gary fullett>-><fibo> i know she is
<Lavona> nite
User [Peggy] left forum at Tue Apr 11 21:28:09 EDT 2000
<Frank> nite peggy
<fibo> nite peggy
<amos> This is per Linda. She is into 2 and 7 days. The gold market is not far from this.
<gary fullett>-><fibo> but he does love her
<Jimbo>-><gary fullett> you'll have packet tomorrow
<amos> This is a crucial point. Look, we can do all the Wyckoff analysis and be right. You still need an entry signal and a good-reasonable stop loss.
<fibo>-><gary fullett> well that is good
<gary fullett>-><Jimbo> only if u mailed it :)lol
<Frank> u got that right Amos
<amos> So the correct methodology at various phases of the makret may vary. Right now we are coiling in many markets into
<amos> a coil.
<gary fullett>-><fibo> he needs a girlfriend :)
<amos> I think this is just the time to wait for a breakout.
<Jimbo>-><gary fullett> I did. sent small $ to start
<fibo>-><gary fullett> lol! i agree
<gary fullett>-><Jimbo> i was kidding
<Jimbo>-><gary fullett> I know!!!
<amos> A weekly buy signal on some of the commodities mentioned- may be the best answer. Even tho it will
<Frank> I still love triangles amos
<gary fullett>-><fibo> that is why he is angry :)
<amos> present a rather wide stop loss.
<amos> Me too, Frank, the Bermuda especially
<gary fullett> so how is one to play it options?
<Jimbo>-><gary fullett> gotta go fer now but thanks again for bean analysis
<gary fullett>-><Jimbo> i didnt do it yet
<Jimbo> gn all, gn johnboy
<sherri> nite J
<amos> Just keep watching and jump when you see large volume off the bottom.
<gary fullett>-><Jimbo> but i will in class tonight for your review
<Lavona> gn Jimbo
<fibo> nite Jimbo
<davep> nite jimbo
<Jimbo> thx Gary
User [Jimbo] left forum at Tue Apr 11 21:32:34 EDT 2000
<gary fullett> night sir
<gary fullett> do u think grains will sping lower here
<Frank> u ever been across the burmuda triangle amos, it is just another piece of water unless it is eating your ship
<gary fullett> back to the 515 in may beans?
<amos> the longer we stay here, the greater the chance of washout below the 519 1/2, but I think that the buying at 511 is too strong.
<gary fullett> thank you
<amos> Do not focus on the support, focus on a daily buy signal with a stop.
<gary fullett> i have sent thses grain charts so we can have them ready
<gary fullett> if the grains are to move higher these charts
<gary fullett> will help immensially
<gary fullett>-><fibo> still like the grains in here?
<gary fullett> so where would one buy strength>?
<gary fullett> at what levels
<gary fullett> aboves last weeks highs?
<amos> yes
<davep> 
<sherri> at this level I would buy 5.45
<gary fullett> the volume would have to be increasing at that level correct?
<amos> what month?
<fibo>-><gary fullett> the 228.25 area is critical on the July corn
<sherri> if it goes lower that number gets lower
<gary fullett>-><fibo> I know I see this
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<gary fullett>-><fibo> I think they may try to spring it
<sherri> per may
<sherri> but would buy different month
<amos> You have to think Nov beans for all practical reasons
<fibo>-><gary fullett> the vol. has been lower on the decline..
<Frank> 554 is the high of 99
<SteveF.> 
<mrj> 
<sherri> I like point and figure for entry
<amos> not always easy to enter via p and f
<gary fullett>-><fibo> I noticed that but the action bothers me
<sherri> on a reversal
<Lavona> good night all
<gary fullett> good night lavona
User [Lavona] left forum at Tue Apr 11 21:40:34 EDT 2000
<Frank> nite lavona
<sherri> beans I use 5x3
<gary fullett> k
<amos> way too large of a filter at these levels. 2 and 3 by 3 is better, more sensitive.
<gary fullett> need to let the dog outside I will be right back
<fibo>-><gary fullett> yes it is under trendline. I have numbers between 226 & 228 on Jul
<sherri> be my guest amos...but you will get whipped around
<amos> Give me address and I will be your guest
<sherri> LOL
<amos> what do you mean LOL? How else can I do it?
User [chris /63.14.212.94] joined forum at Tue Apr 11 21:43:21 EDT 2000
User [lmarsh /12.14.197.197] joined forum at Tue Apr 11 21:43:21 EDT 2000
<fibo>-><gary fullett> 
<sherri> I have found 5x3 good for buying strength
<fibo> 
<amos> if you are filtering out 15 cents reversals--you are taking out whole swings at these levels, sherri
<sherri> I am a position trder by nature....
<davep> chartcraft uses 2x3
<SteveF.> 
<sherri> won't work davep
<Frank> the average soy bean swing is 11 cents
<amos> yes, but you want to measure cause and effect and sometimes risk transfer is being done in less than 15 censts swings
<amos> when we have a good service on this chat room we will discuss in details.In the meantime, by all meanst continue to use 5X3
<sherri> not the holy grail amos....just good intermediate chart
<eric> 
<amos> nothing is wrong, If you are happy--that is good
<gary fullett> im back
<sherri> try it amos...you might like it
<sherri> ;-)
<fibo> wb
<lmarsh> 
<amos> I am bushed, I bid you all no trump and good night
<gary fullett> dog had to go
<SteveF.> nite amos
<fibo> nite amos
<amos> gn
<eric> gn amos
<sherri> nite amos
User [amos] left forum at Tue Apr 11 21:48:08 EDT 2000
<gary fullett> well are there any questions
<lmarsh> nite amos,
<davep> g'nite amos
<gary fullett> before we can all call it a night
<sherri> nite gary....thank you
<gary fullett> I am open
<gary fullett> thank u all for being a part of class
<fibo> nite gary
<Frank> gn all
User [Frank] left forum at Tue Apr 11 21:48:43 EDT 2000
<gary fullett> i think that we al will be beter traders for this class
<fibo> n frank
<gary fullett> I will see u all tomorow night
<mrj> gn all 
<chris> goodnight all
<eric> gn gary
<davep> night gary
<sherri> you're doing good job gary
User [mrj] left forum at Tue Apr 11 21:49:14 EDT 2000
<SteveF.> yes thanks gary..good nite all
<gary fullett> i try my best
<davep> night everyone
User [sherri] left forum at Tue Apr 11 21:49:26 EDT 2000
<fibo> nite all thanks gary & amos
<lmarsh> nite,
<gary fullett> we are all here to make money
<gary fullett> good night
User [davep] left forum at Tue Apr 11 21:49:39 EDT 2000
User [gary fullett] left forum at Tue Apr 11 21:49:42 EDT 2000