User [gary fullett /152.200.149.107] joined forum at Tue Apr 25 20:03:26 EDT 2000
<Peggy> hi, Gary
User [Jeff Z.] left forum at Tue Apr 25 20:03:46 EDT 2000
<gary fullett> good evening everyone
<wyatt> I just moved to Co .....
User [Jeff Z. /24.17.169.192] joined forum at Tue Apr 25 20:03:50 EDT 2000
<mrj> hi gary
<Peggy> friend lives there. Loves it. I'm in Oregon
<wyatt> I am from San Antonio,Texas
<gary fullett> good evening everyone...
<Peggy> have a few other Texans here
<wyatt> yes i know
User [davep /24.147.119.114] joined forum at Tue Apr 25 20:05:03 EDT 2000
<mrj> hi dave
<Jeff Z.> Gary, are there suppose to be charts tonight?
User [jim /152.206.54.122] joined forum at Tue Apr 25 20:05:12 EDT 2000
<Peggy> Visited San Anton once, loved it. Especially the river walk
User [chris /63.14.211.3] joined forum at Tue Apr 25 20:05:15 EDT 2000
<gary fullett> yes there are charts
<jim> hi, all.
<davep> hi mr j, everyone<Enter Text Here>
<mrj> hi jim chris
<chris> hi everybody
User [Frank /207.230.57.142] joined forum at Tue Apr 25 20:06:10 EDT 2000
<mrj> hey Frank
User [Sherry /209.240.161.80] joined forum at Tue Apr 25 20:06:20 EDT 2000
<Peggy> Frank, good to see you. Missed you last week
<mrj> hi shery
<chris> hi frank sherry
<Frank> hey mr j and all
<gary fullett> jeffz u didnt u get the charts via email
<davep> hi sherry
<Peggy> hi, Sherry
<davep> hi frank
User [Gordy /63.88.62.66] joined forum at Tue Apr 25 20:06:45 EDT 2000
User [lmarsh /12.14.197.168] joined forum at Tue Apr 25 20:06:52 EDT 2000
<Jeff Z.> I did not receive the charts
<Frank> u 2 peggy
<Frank> hi dp
<Peggy> hello lmarsh
<lmarsh> Grettings 
<Sherry> Hello,mjr&davep&Peggy
<gary fullett> any questions?
<gary fullett> jeffI will resend now to u
<mrj>-><Sherry> hi marsh
<Jeff Z.> Thanks Gary
<Frank> gary u think soy beans have broken out?
<gary fullett> Nope
<gary fullett> I will duscuss beans tonight
<gary fullett> above 55o in may
<Frank> how high they got to go to break out?
<gary fullett> 550 in may
<gary fullett> the market needs to make new highs with an increase in volume yo show demand
<gary fullett> I will wait for fibo
<gary fullett> to discuss grains
<Frank> what did may beans do today?
<gary fullett> down 1 cent
<Peggy> 547 hi and 541 lo
<gary fullett> is there any topic that u would like me to discuss
User [Lavona /207.50.1.153] joined forum at Tue Apr 25 20:11:20 EDT 2000
<Frank> july up to 560
<jim> crb
<gary fullett> mr jay tomorrow I think we will discuss psy and psly
<mrj> k
<mrj> thanks
<Peggy> some time in the future can we discuss strategies?
<mrj> hi Lavona
<gary fullett> we can do that tonight
<wyatt> good for you !!!!!!
<Lavona> Hello everyone
<gary fullett> for a few minutes Ped
<jim> one topic: why systems work and not work
User [Lynn /209.100.190.166] joined forum at Tue Apr 25 20:12:31 EDT 2000
<gary fullett> all systems work and all systems fail
<Frank> Hi lavona
<Peggy> welcome lynn
<davep> gary, am i correc t that u don't follow currencies--like June Canadian--or have opportunities just not come up
<gary fullett> systems are designed in hindsight
<Lynn> hi
<gary fullett> I do
<gary fullett> davep
<gary fullett> I think there is a selling climax in the ECU
<gary fullett> but I havent send the chart
<Peggy> ECU?
<gary fullett> I have stayed away from the curriencies because of overnight risk 
<gary fullett> but I should send charts of them
<gary fullett> european curruncie union
<gary fullett> so system are designed with past data
<gary fullett> and if u get the same pattern they work in the future
<gary fullett> but ultimately in my opinion they all fail
<gary fullett> okay?
<davep> Thanks, I'm looking at Euro, but am completely confused--just 4 a change :-)--by the Canadian
<jim> but is that not all one can do?
<gary fullett> peggy which strategy would u like me to discuss?
User [fibo /204.119.225.210] joined forum at Tue Apr 25 20:16:11 EDT 2000
User [fibo] left forum at Tue Apr 25 20:16:14 EDT 2000
User [fibo /204.119.225.210] joined forum at Tue Apr 25 20:16:17 EDT 2000
<Lavona> hi fibo
<gary fullett> I think the cacnda has weekly support at 6710
<Frank> hi fibo
<fibo> hello everyone
<Peggy> hi Fibo
<Gordy> Did July Meal have a upthrust today?
<lmarsh> hi
<gary fullett> very good gordy
<gary fullett> I think they went to the top of the range
<gary fullett> and pulled back
<gary fullett> but tomorrow will be key in the grains
<Peggy> why tomorrow?
<Frank> why will tomarrow be the key in grains?
<gary fullett> I will discuss beans tonight gordy so we will look closely at this
<Gordy> thanks
<Sherry> 
<jim> are beans part of the grains complex?
<gary fullett> because the market went to resistance today
<mrj> 
<gary fullett> and if the market fails tomorrow all the market did was retest ressiatnce
<Lavona> 
<gary fullett> yes Jim
<Peggy> may & July corn is at resistance, also
<gary fullett> May corn has resistnce really at 240 area
<gary fullett> any other questions
<Peggy> I can't count both areas as resistance?
<jim> is meal still the leader?
<gary fullett> or questions that were asked tonight that I didnt answer?
<gary fullett> yes u can of course peggy
<gary fullett> I think so
<gary fullett> it is the first resisstance
<gary fullett> and u r right Peggy
<gary fullett> but the key resistance is 240
<gary fullett> becasue that is the high of the last move
<gary fullett> top of its range as well
<gary fullett> yes 230-232 
<gary fullett> is resistance as well
<Sherry> 
<Peggy> it has been interesting to watch it float up and down and observe the volume
<gary fullett> what have u observed?
<Lavona> didn't the volume break up today
<Peggy> the prices are not large and neither is volume, but the OI continues to build
<gary fullett> interesting
<Peggy> although I know that is not Wyckoff
<gary fullett> what do u think of that?
<gary fullett> price and volume is
<gary fullett> Open interesting is misleading mostly
<Frank> bet some one is pyramiding peggy
<gary fullett> to which side?
<Frank> doesent matter which nside
<Sherry> As corn retested supportat noon volumn was lighter
<davep> 
<Jeff Z.> 
<gary fullett> of course it does frank
<mrj> 
<chris> 
<Gordy> 
<fibo> 
<gary fullett> how do u make money if u dont know which side
<lmarsh> 
<gary fullett> that is correct sherri
<Frank> could b accumulation or distribution
<gary fullett> well by watching volume and price action what does that tell u about corn Frank
<Frank> you watch it 
<Frank> j a m 
<wyatt> 
<gary fullett> how do u know when to buy or sell?
<gary fullett> what will determine that Frank
<Sherry> volumn increased with afternoon rally
<gary fullett> very good sherri
<gary fullett> okay lets begin with the grains
<gary fullett> since we are talking about them
<Peggy> 
<gary fullett> I meant to send beans but I didnt
<gary fullett> so I will talk about them
<Frank> I have not got todays volumn yet but yesterday july corn stayed the the same on about a third less , 
<gary fullett> and u should have last weeks chart
<gary fullett> as we have mentioned over the past ccouple weeks
<gary fullett> the grains appear to be undergoing accumaultion
<gary fullett> how can we tilt to this side
<gary fullett> ?
<Frank> volumn then the day before and today july corn went up so i would say the up sid3e is the better odds
<gary fullett> well the rally off of support ( demand) seems to be evident
<Sherry> 
<gary fullett> good Frank....
<fibo> estimated volume today was Beans 63,000 corn 100,000 wheat 22,000
<fibo> good!
<gary fullett> we have weekly higher highs
<gary fullett> and higher lows
<gary fullett> this represents an uptrend
<Frank> my thinking too gary
<gary fullett> but the ranges to the upside
<gary fullett> and the volume seem to favor
<gary fullett> the upside
<gary fullett> but what has to happen 
<gary fullett> is that the market
<gary fullett> has to rally from this area
<gary fullett> with an increase
<gary fullett> in volume and price action
<gary fullett> the may beans have had thier highs
<gary fullett> at the 547-550 area
<gary fullett> this area is stiff ressiant
<gary fullett> it is resistance on the daily charts
User [Sherry] left forum at Tue Apr 25 20:32:48 EDT 2000
<gary fullett> and at the weekly charts
<gary fullett> so this market needs to get above this area
<Lavona> 
<gary fullett> with an increase in demand
User [Sherry /209.240.161.80] joined forum at Tue Apr 25 20:33:19 EDT 2000
User [Lynn /209.100.190.166] joined forum at Tue Apr 25 20:33:22 EDT 2000
<fibo> i think the price action and volume was good today
<gary fullett> yes it was
<gary fullett> especially in corn
<fibo> yes
<gary fullett> so I think that the grains are a tough buy here
<lmarsh> 
<gary fullett> I would prefer to wait for them to take out resisatnce
<gary fullett> aboove prevuious highs
<mrj> 
<gary fullett> or to buy on a pullback to support
<gary fullett> I think corn today was stronger
<gary fullett> due to spreading
User [amos /62.0.147.20] joined forum at Tue Apr 25 20:35:50 EDT 2000
<gary fullett> because corn was weaker yesterday relative to beans
<fibo> hi amos
<gary fullett> so they bought corn and sold beans today on spreads
<amos> sorry, tough day.
<gary fullett> Hi amos no apology needed sir
<Peggy> hi, Amos
<Frank> hi amos
<gary fullett> so all we can say about the beans here
<davep> hi amos
<jim> hi, amos,
<Lynn> 
<wyatt> 
<Gordy> 
<amos> hi
<gary fullett> is that is appears that accumultuiion is still occurring
<Jeff Z.> 
<chris> 
<Sherry> <Enter Text Here>
<gary fullett> and that we are at the top of the range in beans
<Peggy> Corn: in strategizing, how far above the resistance in July corn
<Peggy> would you have a buy sitting?
<gary fullett> and will need an increase in volume and price action
<Peggy> how high is a "break above resistance"\
<gary fullett> for the next mark up phase
<gary fullett> about 10 cents from here Peggy
<gary fullett> in may it is above the 240 area
<Lavona> Hekko Amos
<gary fullett> so u can buy a breakout in beans above 550 in may beans
<amos> hekko
<Lavona> hello
<gary fullett> fibo and amos did u have a commnet on beans and /or corn?
<Lynn> 
<fibo> the volume increased the last two days in corn and beans
<gary fullett> and this seems to indicate demand right?
<fibo> my husband says "don't go against that dead Italian" 
<gary fullett> ?
<lmarsh> dead italian?
<fibo> Fibonacci 
<Peggy> lol
<lmarsh> oh, : )
<Sherry> 
<amos> Explain going "against" him, please.
<fibo> the 231 low was at a target and retest was at 232
<fibo> the fib. target was at 231
User [SDTREKKER /152.174.159.216] joined forum at Tue Apr 25 20:42:37 EDT 2000
<amos> How 231 is a "target"? what is the definition of the trend there?
<gary fullett> hi sd
<fibo> hi SDtrekker
<gary fullett> fibo can u explan please?
<Lynn> 
<amos> is 231 a "4" of sorts?
<davep> 
<chris> 
<Peggy> 
<mrj> 
<Gordy> 
<fibo> yes amos but we don't care if it was..
<jim> or 61.8% of something
<amos> are you talking july corn, fibo?
<fibo> there was a target at 231.75 and when it turned up from there..then when it retested it go long
<fibo> with a stop under the 231. 
<fibo> yes amos
<fibo> that is where C equaled A
<amos> But if your stop is at 231--it could still be a spring or a terminal shakeout of the last month range?!
<fibo> stop is 1 + 1 under the 231. This is only on the daily Jul Corn
<Lynn> 
<Lavona> 
<Peggy> 
<amos> What happens to the count when you transfer it to the monthly? In the monthly july corn last
<Sherry> 
<amos> month low is 230-1/4
<fibo> 89% of the range was also 230.50
<fibo> we play the targets instead of the count
<amos> but you have 228-1/2 as the low of Feb--quite close and this collusion of two months lows is
<amos> a cluster of support. significant
User [&Doc /171.217.120.152] joined forum at Tue Apr 25 20:50:01 EDT 2000
<fibo> yes..228.25 
<amos> the market can spring these two numbers, fake every body and fly
<SDTREKKER> Hi Doc
<fibo> the 231 low was also a test of that 228.25 low and returned to the high volume bar made on 2-28
<&Doc> Hello
<amos> I mention these numbers--as collection of data to be aware off and not be suprised, not to tell you what will corn do.
<gary fullett> Hi doc :)
<fibo> yes amos of course it can..but it is a good low risk trade and close stops makes losses small
<Lynn> 
<amos> that I agree.
<gary fullett> very well saID
<&Doc> Hello, Wrisky
<fibo> in this instance the stop sould have been under the 227.75.
<amos> said is a port
<gary fullett> any other commnets on corn and or beans?
<amos> (Port Said)
<gary fullett> not in this country amos
<gary fullett> lets talk wheat....
<gary fullett> this market has been the weakest of the grain group
<fibo> o.k. my husband says he will be quiet now :-)
<&Doc> wheat crop in Okla. looks good, buy puts
<gary fullett> but if we watch the weekly chart we can see
<gary fullett> the possible beginnings of accumaultion
<Frank> looks like it is starting a rally
<gary fullett> fibo your hubby can talk anytime
<SDTREKKER> due for a retest
<gary fullett> tell him we appreaciate it :)
<fibo> :-)
<gary fullett> how much wheat in oklahoma
<gary fullett> /?
<SDTREKKER> too much
<&Doc> 17 acres
<gary fullett> I think u and your husband are very smart trader :)
<gary fullett> is oklahoma in the United states?
<gary fullett> we dont count foriegn wheat :)
<lmarsh> 
<fibo> lol
<SDTREKKER> depends on your point of view
<davep> 
<Lynn> 
<Lavona> Parts of Ok is getting a bit brown
<gary fullett> just doemestic wheat
<fibo> i agree with amos that wheat has put in a major low
<gary fullett> well we had a low
<gary fullett> at the 228 area
<amos> Notice also the large carrying charge in dec wheat--40 cents!!
<gary fullett> last december
<gary fullett> weekly wheat I am on
<gary fullett> 248 i mean
User [Jeff Z. /24.17.169.192] joined forum at Tue Apr 25 20:57:14 EDT 2000
<gary fullett> what does that tell u amos?
<gary fullett>-><fibo> your husband is a smart trader and is lucky to have u
<gary fullett> what does that 40 cents tell u amos?
<Lavona> right
<SDTREKKER> looks like we're headed there again
<amos> I do not know the fundamental significance of this--but if there is so much wheat in Oklahoma...why are they payi9ng 295 for dec wheat?
<Sherry> 
<Gordy> 
<SDTREKKER> cause it isn't december when they have all that wheat
<jim> why should one spend time on the weakest of a group?
<gary fullett> because it is near support
<Lavona> 295 is not a good price for farmers
<gary fullett> and it could be accumaltion
<amos> the weakly high is 284-3/4
<&Doc> ur looking at Chicago wheat
<gary fullett> I am looking at a chart jim
<Frank> because it might make u money jim
<gary fullett> and I am trying to show wyckoff principles
<amos> and because we are poor
<gary fullett> right Frank
<gary fullett> it could become the strongest
<gary fullett> but I always say buy support and wheat is nearing it
<fibo> wheat may be the sleeping giant
<gary fullett> so alst december wheat went to the 248 area
<mrj> 
<gary fullett> it had a good rally
<gary fullett> right Fibo
<gary fullett> that is why I send the chart
<Frank> agree fibo
<amos> To answer jim the right way--we do not talk too much wheat lately here--but it is in an interesting position.
<gary fullett> the market went to the 284 area
<gary fullett> see this in Frebraury
<gary fullett> well i sent the chart because it is near weekly support
<gary fullett> I want to point out examples
<gary fullett> now the market has pulled back
<&Doc> what's th monthly look like?
<gary fullett> to weekly support at the 248 area
<gary fullett> havent looked lately
<Lynn> 
<amos> the monthly looks like 5 months of accumulation--not a bad number
<wyatt> 
<gary fullett> I just loooked at the weekly yesterday
<gary fullett> thank u amos
<fibo> :-)
<jim> actually wheat is in a range between 225 and 300 for more than a year.
<&Doc> what's the lows on the monthly in wheat?
<gary fullett> the volume over the last few weeks appears to be dropping off
<amos> even better observation--a year of sideway action--salivating
<gary fullett> on the retest of the lows
<Gordy> but the sloping downtrend line does not give it much room
<gary fullett> I think it is the 248 area doc not 100 percent sure
<Gordy> to move up
<fibo> 50% retracement on weekly is at 248 and .618% retracement is at 242
User [chris /63.14.211.3] joined forum at Tue Apr 25 21:04:33 EDT 2000
<gary fullett> no it doesnt gordy
<fibo> hi chris
<gary fullett> but I am showing demand and supply at this level
<SDTREKKER> demand?
<chris> hi fibo
User [Lynn] left forum at Tue Apr 25 21:06:05 EDT 2000
<SDTREKKER> 
<Sherry> I see that on the daily
<&Doc> the vol. in Feb. on the weekly was big on the price decline
<fibo> also a number at 243.50 on weekly wheat
<gary fullett> horizonatl support line d
<gary fullett> sd
<gary fullett> yes but the market doidnt make new lows doc
<Frank> back later
<Sherry> Low volumn retest
User [Frank] left forum at Tue Apr 25 21:07:06 EDT 2000
<gary fullett> and the last few weeks the volume has dropped off
<gary fullett> so we are approching weekly support at the 248 area
<&Doc> sure looked like some powerful weakness to me
<gary fullett> and the volume is light
<Lavona> 
<SDTREKKER> to almost nonexistent
<gary fullett> so if the market retests this area
<gary fullett> and rallies with good volume this could be the beginnings of a nice move higher
<amos> Powerful weakness is this like an obscure clarity?
<gary fullett> doc the market is weak
<gary fullett> but is nearing support
<&Doc> an oxydol moron
<gary fullett> so it must be watched here
<amos> government intelligence?
<lmarsh> :^ )
<SDTREKKER> THERE's an oxymoron
<wyatt> yes
<jim> In the upthrust method, would one buy breakouts at 275 and then at 300?
<&Doc> we whitewash our morons
<Gordy> nite all and thanks
<SDTREKKER> :) luv ya Doc
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User [jpmorgan /207.90.125.92] joined forum at Tue Apr 25 21:09:54 EDT 2000
<amos> a day wihtout sunshine is like, night
<SDTREKKER> wouldn't you buy as soon as it retests and turns up?
<mrj> hey jp
<Sherry> 
<davep> 
<jpmorgan> <hi, sorry I am way late
<fibo> hi jp
<gary fullett> yes jim
<jpmorgan> hi all
<lmarsh> hello jp
<gary fullett> yes sd
<gary fullett> hi Jp welcome back
<Lavona> jp
<&Doc> I think wheat needs to show a powerful selling climax and hefty vol. on the rallies to get me excited
<jpmorgan> Thanks. I tried calling you Gary then i remember you are on the Chat
<gary fullett> so wheat should be watched at these levels
<gary fullett> the market is weak and it is the wekest grain and is still negative
<gary fullett> but can easily turn if weeekly support holds
<gary fullett> u can call Jp I am at the office now
<jpmorgan> That is OK. I just e mailed you on the beans
<gary fullett> it deosnt take much to excite u doc
<gary fullett> questions on wheat?
<SDTREKKER> not nice Gary
<&Doc> whoopee
<gary fullett> amos or fibo commnet?
<gary fullett> :)
<gary fullett> if I didnt know doc I would say it sd :)
<gary fullett> wouldnt
User [mrj] left forum at Tue Apr 25 21:13:07 EDT 2000
<Sherry> still increase in volumn on down days between tests?
<fibo> amos it's your turn:-)
<lmarsh> 
<SDTREKKER> promises promises
<amos> I think that wheat should be on everyones test bench--waiting for volume off the bottom day or week.
<&Doc> I like having and Amos in the room since I'm the Andy
<amos> You black too?
<gary fullett> :) doc
<SDTREKKER> Nor were they
<Lavona> lol
<gary fullett> he live sin oklahoma amos what do u think
<amos> Always try to be modest and be proud of it!
<jpmorgan> 
<gary fullett> we all are amos
<SDTREKKER> modest or proud?
<amos> you should not all be amos
<amos> I think we should talk about today in the dollar index and the dow.
<fibo> k
<jpmorgan> My sentiment exactly
<Sherry> 
<Jeff Z.> 
<amos> we mentioned last night the 61%, the creek and it was all hogwash. The market went wherever it wanted.
<SDTREKKER> it always does
<amos> All methematics was for nought. This is why I think that trading without an entry signal is futile in the long run.
<fibo> it sure did amos
<&Doc> you spell crappily like gary
<gary fullett> amos did u want to comment on the dollar index and the Dow now
<gary fullett> :)
<davep> everything's futie in the long run . . .
<amos> We are in the middle of a range and all prediction in the middle of the range are intellectual excercsised that can be very expensive if your tactic
<SDTREKKER> goes with the profession Doc
<Sherry> 
<amos> is not good to over come the fallacy.
<amos> I spell crappily because I love Kreplachs.
<SDTREKKER> nite all. see you soon.
<fibo> nite SD
User [SDTREKKER] left forum at Tue Apr 25 21:18:48 EDT 2000
<gary fullett> sd good night
<gary fullett> say hi for me
<jpmorgan> amos, explain overcoming the fallacy with tactic
<amos> It is the erenal battle in trading between strategy and tactics. These are two completely different things even tho, they are needed both.
<amos> To say something about the market, the trend, the possible future move, the data points, the difinition etc....
<amos> is one thing.
<amos> What to do, exactly, how to enter with the most efficient way, with the best risk-reward ratio,
<Sherry> to trade them another
<fibo> there was never a daily thrust down on the dow at the levels mentioned. 
<amos> withe the best money and risk managements--is something different.
<amos> We tend to talk about strategy and tactics with the same breath,Professional traders--separate the two completely
<amos> .
<jpmorgan> Thanks
<amos> A "correct" entry signal may be more importatn than being right on the actual trend, at times.
<lmarsh> 
<jpmorgan> I know. I have been stopped out too many times only to see it go my predicted way after I was out.
<amos> It is like this: Love may be blind, but mariiage is a real eye-oopener
<gary fullett> :)
<chris> 
<Sherry> 
<fibo> :-)
<davep> 
<wyatt> 
<Lavona> :)
<amos> or: If at first you don't succeed, then skydiving is not for you.
<Lavona> lol
<fibo> lol!
<lmarsh> lol
<Lavona> second chance want come up
<amos> also: a clear conscience is usually the sign of a bad memory.
<gary fullett> I sent the crb cash again
<jpmorgan> If at first you don't suceed, you got it wrong the first time.
<gary fullett> this market
<gary fullett> :)
<&Doc> Confuamos say............
<fibo> lol
<gary fullett> has broken out of its small trading range
<gary fullett> at the 194 area
<amos> Budha too.
<gary fullett> and is being marked up
<Lavona> goodnight all
User [Lavona] left forum at Tue Apr 25 21:26:40 EDT 2000
<gary fullett> amos is the foreign guru here
<fibo> nite Lavona
<gary fullett> night lavona thank u
<Sherry> Why do you think that was jp? Is it you got in the move to early or Someone knew you were there?
<gary fullett> lol
<jpmorgan> No, my stop loss were too tight
<jpmorgan> MArket makers like to run the stops to shake out the weaker hands. You agree GAry?
User [Frank /207.230.57.142] joined forum at Tue Apr 25 21:28:12 EDT 2000
<gary fullett> as amos and I have mentioend
<gary fullett> well the strong hands do
<gary fullett> JP
<gary fullett> yes I do tend to agree
<gary fullett> that the CRB neeeds to be eatched
<gary fullett> watched
<gary fullett> as this market
<gary fullett> has in my opinion
<gary fullett> started to move up
<&Doc> I don'r want to eat no stinkin' CRB
<gary fullett> and is holding support and is showing demand
<gary fullett> lots of Crabs in okla
User [jim /152.206.54.122] joined forum at Tue Apr 25 21:30:06 EDT 2000
<gary fullett> the crb is undergoing loner term accumaltion
<&Doc> I've disrupted enuf, I must move on. See ya
<gary fullett> but has to overcome previous ressiatnce
<gary fullett> doc u can come by anytime
<gary fullett> I missed ya
<&Doc> Okie dokie
<fibo> nite doc
<gary fullett> questions on the Crb?
<jpmorgan> CRB seems to move slow for me because it is a composite
<amos> I would like to add a sacrilgious thing about the CRB....
<gary fullett> the index is 500 dollars per 100 points so it can have some good moves
User [&Doc] left forum at Tue Apr 25 21:32:25 EDT 2000
<gary fullett> k amos please
<amos> We do not talk cycles here. I never mention them--but they are another tool, and there is
<amos> some wisdom in them if you use them smartly . Also Jack Bernstein is not a stupid person.
<Jeff Z.> 
<chris> 
<davep> 
<amos> There seems to be a 5 months cycle in the crb in the last year and a half. If the month of May hold present support and ground--and it happens
<amos> to be a 5 month cycle--then it is a low and it fits with the Wyckoff analysis and we should have a strong
<amos> move in commodities in the second half of the year.
<gary fullett> Jake not Jack
<amos> and Jill
<gary fullett> jack may have been smart too :)
<wyatt> 
<jpmorgan> That is OK. We knew whom he was referring to.
<gary fullett> I know JP I love to give him s..t
<gary fullett> we are all friends here :)
<amos> Notice that I talk about cycles in terms if if and if and if--not that the market WILL turn>
<gary fullett> do u think the crb index has turned up?
<jim> We can say that the trend in crb is already up, right?
<jpmorgan> If the crb cycle has been god for 1 1/2 years only, ist that repatable enough to predict?
<Frank> we know you are not Nosterdamis amos
<jpmorgan> MAn I can't spell either
<amos> cycles change. market tend to trade according to a certain pattern and when enough people pay attention--that pattern is gone. Ed Seykota talks a lot about this
<Frank> amos can u recommend any good books on cycles
<amos> phenomenon. We used to have many more classical selling climaxes than we have to day because
<amos> Mr Leibovit publicized them too much.
<gary fullett> it contagious JP ;)
<amos> And Granville too.
<gary fullett> yes jp
<gary fullett> amos do u believe markets have aptterns?
<gary fullett> patterns?
<amos> The most common ones are by Jake Bernstein. But if you are serious about cycles you should read Dewey stuff and
<amos> that lady--I forget her name--something Indian. And the sociery of cycles or somethig.
<amos> Just do a search for cycles on google dot com.
<Sherry> What about Hurst and Bressert?
<jpmorgan> Anyone had experience on Frank Taucher's Supertrader Alamanac? It uses cycles somewhat
<amos> Markets have a-pattern. A being not in latin. Of course they have because human nature has a pattern..
<amos> but the pattern changes all the time and stays the same for ever.
<amos> (Conftius, again)
<Frank> thanks amos, do not care fro bernstein, we will google . com
<amos> Confuciuoos, how do you spell this chinese?
User [Jeff Z.] left forum at Tue Apr 25 21:41:40 EDT 2000
<fibo> 
<jpmorgan> Confucious
<amos> ever so gracios. jp
<jpmorgan> Confucius
<Sherry> like math if a+b = c+d then cycle will do this
<jpmorgan> Told you I can no longer spell
<chris> 
<amos> chart number 3--the monthly crb is rather clear on the trend--highr highs and higher lows.
<gary fullett> any questions on the crb?
<amos> The month of May is going to be an exciting month, folks
<gary fullett> amos any further commnet on the crb?
<Frank> tell us about may amos
<jpmorgan> Waht is the margin on CRB?
<amos> for tomorrow--watch the 213.30 on the June contract. Above it is a daily thrust--go with it!!!
User [gary /152.200.149.107] joined forum at Tue Apr 25 21:44:51 EDT 2000
<amos> How do you go in and out so fast Gary?
<lmarsh> time to leave, thanks all, hope all a good day!
<Frank> lol amos
<gary> the grains will be interesting to watch the monthly and weekly picture will be ainted this week
<gary> painted
User [lmarsh] left forum at Tue Apr 25 21:45:59 EDT 2000
<gary> and they are near their highs in the beans
<amos> The dollar index (or the euro) is either in a mark up, or a major upthrust--we need to watch it.
<gary> I will send this charg this week
<gary> chart
<amos> today was the bigges one day in the euro history, I think.
<gary> my nature amos :)
<jpmorgan> If that is the case why CRB and not dollar index or Euro directly?
<gary> I dont know why i fall out
<amos> what is the connection between CRB and currencies jp?
<gary> crb is the commodity index
<gary> dollar and euro are related
<amos> Dollar and euro are the inverse of each other (almost)
<jpmorgan> A little connection since high currency will afect commodity pricing
<jpmorgan> like oil
<amos> Pleeeeeeez, stop this nonsense.
<amos> these correlations are so fickle--sometimes they do and sometimes they does not!!!!
<amos> You cannot make money with these things. Trust me I have lost tens of thousands of dollars trying to prove it.
<gary> well are there ay other questions?
<amos> and i WILL repsect you in the morning. Trust me
<gary> I will fo over the other charts tomorrow
<Sherry> nite all
User [Sherry] left forum at Tue Apr 25 21:51:14 EDT 2000
<jpmorgan> nite
<gary> and other things
<gary> thank u all
<Frank> nite all
User [Frank] left forum at Tue Apr 25 21:51:48 EDT 2000
<fibo> nite gary thanks
<gary> good night all
<amos> gn
<chris> night all - thanks
<wyatt> thanks gary & amos
<jim> good nite all.
User [chris] left forum at Tue Apr 25 21:52:36 EDT 2000
<gary> thank u wyatt
User [jpmorgan] left forum at Tue Apr 25 21:52:38 EDT 2000
<gary> good night all......
<davep> good night all . . .thanks Gary & Amos
<wyatt> OK.I'll also9 wire funds......K
User [davep] left forum at Tue Apr 25 21:52:46 EDT 2000
User [amos] left forum at Tue Apr 25 21:53:01 EDT 2000
<wyatt> OK. will do!!
<gary> thwanx wyatt
<wyatt> 
<wyatt> nitew.....K
<gary> good night sir.........
<gary> night
User [gary] left forum at Tue Apr 25 21:56:57 EDT 2000