User [gary fullett /152.175.209.159] joined forum on Thu May 11 12:52:11 EDT 2000
me either...going to be another one of those nites?
Gary had server problems'
Gary must still be having trouble
hi gary
gary
good evening good folks
hi Gary got in tonight huh
yes the server is well and the archives are back
current archives
no charts gary
and I am working on getting the other ones
I had charts for tuesday
and I couldnt send them yesterday
ok
so I will send them next week
sorry
I checked right before signing on and archives only updated through 4-26
right
the current ones are ready but some of the past arent there yet
User [Jeff Z. /24.17.169.192] joined forum on Thu May 11 12:54:13 EDT 2000
hows your grass coming gary?
k
kelly is back tracjing
hi jeff
rain today
I reseeded again
growing good
:-)
hi mrj, fran, gtb, gary
but I want a full lawn and just have peach fuzz
hi jeff
jz
Fran can u come over and help
PATIENCE
my grasss is a buy it is going up
I am not patience I am a man
:)
patient
you said that not me
its true huh :)
I have bear spots
I want a full lawn like I want a full head of hair :)
bare
think about us...get behind because of the weather
I know u r more important
but it helps my longs in the grains :)
drives me crazy
makes me money :)
but it is concern if
u cant get in the fields
is the soil still dry?
no we are too wet
some places are too dry
weird huh
so how is everyne tonight?
any questions?
gary...wheat and corn both grasses...one going up and the other going down
not too many too dry anymore in the corn belt
User [Jimbo /63.27.106.66] joined forum on Thu May 11 12:58:50 EDT 2000
User [amos /62.0.147.71] joined forum on Thu May 11 12:58:53 EDT 2000
hi jimbo
hi jimbo
j
User [amos] left forum on Thu May 11 12:59:03 EDT 2000
Hi guys and gals
why are grains going up then fran any ideas?
User [amos /62.0.147.71] joined forum on Thu May 11 12:59:16 EDT 2000
hi jimbo
demand
by who?
nothing cures low prices....like low prices
china
chinese like grains
right Fran
I think it is the CM and not china
8:06
they sell to china
I am the only one here---how come? what is wrong?
The address is:
http://www.ltg-trading.com/chat/chat1.html


I want to mention markets that i find interesting
I think the pound is having a selling climax
that is if you dont mind
cocoa on the 60 mi utes chart looks wonderful
would it do any good if I did mind? :-)
they retested support at the 780
rally and has rallied nicely
from support
yes Fran
I listen
Ha HA
I mentioend cotton at support last week
and crude looks like 3060 will be reached soon
heat to me is sowly becoming one of the strongest grains
wheat
there is some nice accumualtion
Oj is in a trading range looks like accumaultion to me
User [amos] left forum on Thu May 11 13:03:48 EDT 2000
coffee is heading to weekly support at 4 area
User [amos /62.0.147.71] joined forum on Thu May 11 13:04:01 EDT 2000
would u be interested in a low risk high reward trade
?
y
yes sir
User [JAKE /147.72.69.187] joined forum on Thu May 11 13:04:23 EDT 2000
y
hi jake
hi everyone
hi jake
coffee call spreads when the market gets to weekly support
sept call spreads
agree
110-120 call spreads
User [amos] left forum on Thu May 11 13:06:04 EDT 2000
User [wes /152.173.15.41] joined forum on Thu May 11 13:06:04 EDT 2000
User [lmarsh /12.14.197.174] joined forum on Thu May 11 13:06:07 EDT 2000
User [wes] left forum on Thu May 11 13:06:22 EDT 2000
hi
hey marsh
hi marsh
User [amos /62.0.147.71] joined forum on Thu May 11 13:06:31 EDT 2000
is there a topic that u wuld like to discuss tonight
again time is 8:13 I am in and I am the only one....
can I say somethign
I entered and re-entered the chatroom from ltg-trading.com..same results

yes please
8:14 now.....
I would buy a naked call in coffee
-> Larr did you receive "Reminiscences"
-> Yes, so far it's a good read.
do u like to be naked?
spreads get so pumped up on call you sold it is hard for spread to work good
-> Read chapter 10
-> not to technical. okay I'll read chapter 10 after class,.......what's it about?
unless you let expire
and is in the money
User [fibo /204.119.225.244] joined forum on Thu May 11 13:09:03 EDT 2000
very true
hi fibo
-> the best chapter
and very well said
-> Im @ chapter 8
hi fibo
but I think that coffee will settle
hello fibo
above the 120 trike priice
hello everyone..nearly didn't get on
HI
and the options are very expensive outright
hi fibo rough week
with the chat all should be well now....
didn't have a chance to check wheat volume for today...heavy on this up move?
I think so too gary....but if bank roll could stand it would go uncovered
I had trouble last nite fibo
very well said
thought gary locked the door
User [amos] left forum on Thu May 11 13:10:51 EDT 2000
prelim vol. on wheat is 32,000
I couldnt get on aol last night
User [lmarsh] left forum on Thu May 11 13:11:03 EDT 2000
I went lonwheat 2 days ago
User [Jimbo] left forum on Thu May 11 13:11:12 EDT 2000
sold on the close today
glad you made it tonite
fibo...tnx
wheat had a nice day today
was the leader
sure did
why sell gary?
as Imentioned
User [lmarsh /12.14.197.174] joined forum on Thu May 11 13:11:54 EDT 2000
I just "felt" that wheat will pullback from here
gut floor trader feeling
ok
still long corn gary?
besides have lot of postions on here
yes I am
I think it will have prob at 248
User [JAKE /147.72.69.187] joined forum on Thu May 11 13:12:44 EDT 2000
but I like it bought at 2 levels 241 and 238

User [amos /62.0.147.71] joined forum on Thu May 11 13:13:00 EDT 2000
sold out the money calls against them today

and yourself fibo? :)
User [amos] left forum on Thu May 11 13:13:24 EDT 2000
please watch the british pound
User [amos /62.0.147.71] joined forum on Thu May 11 13:13:39 EDT 2000
long now will unload in the morning unless it gaps through 250
I think the market had a selling climax
User [amos] left forum on Thu May 11 13:14:15 EDT 2000
gary...do you show the crb overbought?
I think the grains thought bullish feel to me like they can pullback again before raying again
User [amos /62.0.147.71] joined forum on Thu May 11 13:14:26 EDT 2000
it may be suspect because the last high had stopping volume
I know I saw that which is why I sold some today grains that is
the crb is very strong
and I beive going much higher
explain stopping volume fibo
I hit refresh, reentered many times.... the url I see is:
please
it could be overbought
http://www.ltg-trading.com/chat/chat1.html
but one never knows how far up before it corrects.
sold cotton today as it ran into ice
fran the cluster of volume into the last high on corn stopped the upmove
I am alone in a chatroom. I see the banners of DealTime; and the music... but I am alone.
8:22
like a minny buying climax?
do u undersatnd Fran?
mini
it was also up against a large creek line at 260 on jul
the close on that day was closer to lows
not sure I understand
looked like it was a buying climax.
on daily chart?
yes
ok thanks fibo
sure fran
-> you sold cotton today gary?
-> yeah sold it late at 6224

gary...a website suggestion...would be helpful to have access to charts from chatroom
thank u fibo
gtb
i send charts
but had a prob this weeek
how did you see it gary?
but thank u
i have to switch pc for the fax
how do I see which market?
corn
User [amos] left forum on Thu May 11 13:20:40 EDT 2000
User [amos /62.0.147.71] joined forum on Thu May 11 13:20:53 EDT 2000
i saw my first corn stalk about 6 yrs ago
I now live near corn fields
:-)
they just planted it so I dont see it yet
be up soon ...as hot and humid as it is gary
I just cut my front lawn
and I am sweating
really humid
okay corn futures
not corn
pastures
fields
LOL
corn is in between support & resistance now so just have to see price & vol. action here
I think corn chart looks loppy
sloppy
right fibo
I see support 238 then 231
User [amos] left forum on Thu May 11 13:23:54 EDT 2000
but resistance at 248
252 260
I think th market needs to accumaulte
for a tad more before moving up
User [amos /62.0.147.71] joined forum on Thu May 11 13:24:28 EDT 2000
User [amos] left forum on Thu May 11 13:24:34 EDT 2000
thanks gary
I would nt be surpriced if ALL grains
pullback
but I think one Must buy all supports
it is tough to buy rallies
report tomorrow may be an excuse
because if the market breaks it will wipe u out with a stop
so i like to buy support
i do too
so I can sit thru a pullback
what report?
crop report in the morning
s and d
s and d?
supply & demand
s and M>?
when is that :)
when is that report?
7:30 a.m.
7.30
well there is always project A :)
is that a big report?
not really
monthly deal
do we wyckoff popel follow reports?
no:-)
not at all
no
this popel doesn't
we just follow Gary's advise. It's alot easier. :-)
lol@fran
oh an article in the Wall Street Journal today said that the reason the beans had gone up
was because there were going to be more hurricanes :-)
LOL
fibo....me thinks demand is good
Gary, would you trade the June or Sept. pound?
how many hurricanes have you had there fran?
june
k
darn near windy enough for one the last few days...fibo
me too fran.. they always have to have a "reason"
dont follow my advice I am dumb
here too fran
that si the Cm talking
exactly!
they needed to unload beans today
they need Bullish news to sell
please dont watch the news to trade
husband was cutting out the futures prices and noticed the article.. we laughed
dont buy the wall treet journal
fibo...would hate for a hurricane to get my corn pastures
they have hurricane insurance

we get it for the futures & cash prices.. that is how we built long term charts with volume on them
me too fran
-> did u want to get out of corn tonight before the report?
me too to get my seeds
-> Is this a test. We
-> 're not suppose to trade the news.
-> what do u mean?
-> no if u r neaevous get out No test
I like that though
User [amos /62.0.146.111] joined forum on Thu May 11 13:33:47 EDT 2000
the grains
-> I'm not nervous. I will look for more buying opportunity on the possible pullback.
-> great cocoa :)
to me
ARE STILL LONGER TERM BULLISH
-> I love cocoa!
Well. I am sorry.
sorry about the caps
User [eric /208.134.223.106] joined forum on Thu May 11 13:34:42 EDT 2000
hi eric
hi eric
I am in the chatroom it is 8:41 CST and I am alone here.
-> I'm excited that it gapped up today
-> gotcha a good one huh
hi fran mrj, sorry I am late
the crb index needs to be watched
mrj...you are pretty good at wyckoff....what do you think about gold
Kindly fix it. I am in the address you gave me Gary. I am pasting it of my explorer to prove to you:
it is really a baromter of commodties in general
if the 250 area isn't taken out tomorrow it will drop back to the 231 area..that is my husbands opinion
hi eric
http://www.ltg-trading.com/chat/chat1.html
I would tend to agree with him fran
fibo that is
I think there are lots of stops in corn under 235
Haven't really looked at it Fran but will take a look tomorrow
hate to tell him so...but fibo 1 is usually right....don't tell him tho fibo
:)
thx mrj
lol!
hey I have a question
I'll let you know
with all the rain how come grains didnt break?
he said thanks but not always fran:-)
because i was long :-)
why was wheat strong today?
me too :)
demand
saw that
-> today is a causual night
by who fibo?
CM bought
User [amos] left forum on Thu May 11 13:37:59 EDT 2000
RIGHT
they are the only demand I like :)
but there are chinese CM I bet :)
lol
the metals are very interesting at these lvels
User [Jake /209.186.212.141] joined forum on Thu May 11 13:38:57 EDT 2000
I think u will see this situation resolved very shortly
wb Jake
I see the ranges getting smaller here in gold
what "situation"
the situation of accumaultion
or ditribution
what about the dollar gary....?
I need more of them
now I am like amos
yikes
he cant get on tonight
I have an interesting thought on the dollar index
I think the dollar remains strong till
when it tops...maybe gold will move
next tuesday or wednseday
then I think the eupoeans interveene
this rallies the metals and breaks the dollar
YES
and the CM coicides this with the rate Hike
see the CM cant do anything
till he has the "news"
behind him
what day is the Fed meeting?
so he bides his time so he can time it with the rate hike
Tuesday May 16



see the cm
don't know if it will happen that soon but agree when the dollar breaks the metals will move
knows the :news"
so he accumaultes or distributes
according to the way that his camplaign is
so if he accumaultes
he waits
for the time to mark up prices
he just cant rally prices without
some justification.
do u understand this?
y
yes
he uses the news to "hide" his footsteps
right
jeff that is important
then when he has his postion
guess what he does
he calls the Wall street journal
Loius Rykseyer

and tells them
the wall street jounal
CNBC
are among the very best instruemnts of the Cm
-> a 20 point move in CBOT Kilo gold is $62. Is that right?
& tells them hurricanes cause beans to go up :-)
:^ )
User [fran /209.100.190.131] joined forum on Thu May 11 13:47:58 EDT 2000
-> 1 dollars is 33 bucks
wb fran
where are htere hurricanes?
-> OK, that works. thanks
east coast
here
gulf of mexico
bahamas....
do hurricanes only come from the atlantic ocean?
typhoon in Pacific
they are called different in the Pacific
but really the same thing?
y
yes
ok
are there beans in the bahamas
LOL
:-)
User [gtb /216.228.36.98] joined forum on Thu May 11 13:50:52 EDT 2000
gary......
nope! me either :(
then why hasnt rice rallied
the only way a hurricane could hurt is if it comes in the gulf of Mexico and pitches all the moisture into the corn belt
no hurricance yet
fibo u didnt say that did u
then they will say that the drought is over
lol
and flooding will hurt the crop
either way the Bulls win
hurricanes will be more violent this year
see the news is different from day to day!
it is what ever
the cm wants oit to
mrj...are you on the coast?
-> is it better to trade a mid am contract of the COMEX gold or CBOT Kilo Gold?
when a hurricane hits MT, that will be NEWS
Louisiana
Kilo Jeff
true gtb :-)
yes...but on the coast?
right on the coast
heard you could have bad fires gtb
u know I am like a judge here
about 35 miles from Gulf
i am letting pople get away with alot
gearing up for bad season
with this "news stuff
here comes 'da Judge! :-)
New Mexico is sure a mess
lol
lol fibo
fibo u r supposed to be my ally
NM needs a hurricane
lol
and U started the hurricane stuff
that's for sure gtb
hey i need seeds to grow
to think they set those fires...unbelieveable
this farming stuff is tough
sorry gary,, we just thought it was a funny article..they couldn't think of any other news besides that
I know fibo
its thusday
Gary, gold, where do you see support?
time t be causaul and let your hair down :(
I see support at the 275 level
then 268
well amos isn't here so we can get away with more :-)
I want to tell u a funny story about news
k
amos will be mad that I aloowed that
lol
do u want to know how I was a cm for a day
y
y
y
amos will review and I will be dead
it is a true story
: ^) realy?
lose this log...:-)
if everyone ages I willtell
good ran!
fran
cant fran must keep for compliance
y
okay
he will get over it
this log will self destruct in 1 minute
as U know I traded on the floor of the Merc
lol@Jeff
when I got my seat
User [wes /172.134.2.89] joined forum on Thu May 11 13:57:53 EDT 2000
User [wes] left forum on Thu May 11 13:57:59 EDT 2000
I traded in the Belly pit
a famous place huh
ugh
I had a freind
who I met on the floor
who did news cast
for a radion staion in chicago
a station that did biz updates
2 times an hour

he liked me and trusted me
i would give him the "news"
I would always talk my postion
LOL
what so funny fran
User [Jake /209.186.212.141] joined forum on Thu May 11 14:00:12 EDT 2000
wb Jake
all traders do this
yes
so I would tell him bellies
were going up
thaks
he said
that since he was a news guy
he needed a "reason:
so I had bought a postion in bellies
and the market was going up
and I was long
and nearvous as he..
so he came to me at 1255
bellies close at 100
and asked me why bllies were strong
for that report
I told him Mcdonalds
was outting extra bacon
on thiere sandwiches
LOL
it was totoal BS
I swear this is true
the market finished
it could work......... :^)
limit up the next day
I believe that is very true...about the news and print...they have to say something right
he got a congrats for his boss
User [lavon /207.50.1.168] joined forum on Thu May 11 14:03:05 EDT 2000
for breaking the story
guess what
what?
the news did come out about Mcdonalds
you bad!
I was right
hi lavona
Hello
I was joiking
hi lavona
and talking my position
Hi

hello sorry to be late
a broker that represented mcdonalds
came to me at was mad
good grief...gary....you know tomorrows news today...LOL
because he said I broke th news
and now they had to pay more
->
I made money
and I lied about the reason at the time
and turned out to be right
he thought I was a hero
User [lavon] left forum on Thu May 11 14:05:03 EDT 2000
about 3 weeks later
I was short
and he came to me and asked why the market was breaking
it was in april
I told him that the hogs were horny
and that
they were having lots of sex
and that would mean more hogs later on
so the market saw this
User [Lavona /207.50.1.168] joined forum on Thu May 11 14:06:14 EDT 2000
and was breaking
guess what?
he reported this on the air
Am I the only one who has trouble
I don't believe it
the market the next day went limit UP
and I lost money
he came to me and asked who my source was
Isaid I made it up
he got upset with me l;aughed
got in trouble with his boss
and never used me as a source again
though we are freinds today
he is a stock broker now
True story
I guess the point is
is that in a thin market it is easy to print news
and get the market your way
because Pople read the news
point also: don't depend on sex to support your position

lol


I am serious
so I was 1 for 2

but I guess he wanted More accurate news
hey i was a trader not Ted Koppel
so the saying "takes one to know one", you've got it covered, eh? : ^) as to knowing a cm

problem now is information overload
that is very true fran
i think that u cant watch the news
on my quote service I get No news
I think if u watch the charts
they will tell u the "news:
since we cant
know the all the news
we need to watch charts
there will always be pople that know more then we know
so we will always
be the last ones to know
so I wanted to tell that story
because fibo mentioned the hurricane
good lesson gary
fun to hear
if a gy like me
y
can give news
yikes
that is a true story I never told it on this chat before
but my point is
this radio station
is heard
over 7 staes
states
by lots of farmers and meat traders
so a few contracts here
and a few there and this cause a postive chart
and people buy
so the media becomes cm
YES
why do u think CNBC and all the biz channels flourish
the best think for wall street is The nightly business report and Lou
I can prove this.
does anyone own stock?
y
y
y
y
has a broker ever recommedned a stock to u?
nope
y
y
do u have a retail account at one point?
when a broker recommends
quick and reilly
a stock to u have u Ever asked yourself why he does this?
making a market
if u have an account with Merryll
they are like grovery stores
they have an inventory

and they pass on this risk to u the clint
client
commodities are Not like this
what do u think happens with an IPO
lynch buys the stock from the IPO company
then they call clienst and sell it to them
that is how start up companies start
lynch makes the nes that the IPO is hot
thjey buy it and mark it Up
like a pyramid scheme
thye Have an Interest in the stock
like I had an interest In bellies
do u see the difference
between stocks and commodities?
so the CM
lynch is a cm
cm does the same thing gary
Yes
transfeeence of risk
that is what they do....
that is why IPO dont get release in a bad enviromentt
no demand
I will prove u another point
why isnt it
when a stock is on its highs
and overpriced
that the "analysts"
dont put a sell signal
out
good question. cm doesn't want them to ?
they put a sell or a hold
when the stock has broken
right
the cm gets shorts knocks down the price
the anaysts then says get id of the stock anf the cm Buys
rid
when a anlyasts gives a "buy" rcommedation
why do u think he does this for his firm?
it is because the Firm has an interest in the particular
stock
he has accumulated
they own the stock and need somene to sell to
Transference of risk
when he gives a buy rec
his firm is long
and they dump
the stock
to the popel who just "heard his buy rec "
do this makes sense?
you bet
does anyone agree or disagree?
agree
ok by me
I hope it is more than ok it is the gospel :)
okay I will get off mu pulpit now lol
yea, agree
my


does it really matter if you're doing your wyckoff homework?
User [Lavona /207.50.1.168] joined forum on Thu May 11 14:29:13 EDT 2000
it is the function of wall street

what do u mean GTB?
seems to me that accumulation by the broker would show up in volume
and ?
brokerage firms sell to clients
u would have a key to this behaviour
bingo
when when a company issues more shares
or when ther eis an IPO
the grocerty store or the brokerage firm goes into action
either way, the shares have to trade on the market
how does the brokerage firn getb those shares?
that is a private transfer
right
so that volume doesnt show up

I was assuming that no attention was paid to the shares until they hit the market
nite everyone
tht is true
aren't shares shown on a prospectus?
nite fibo
yep
nite fibo
nite fibo
night fibo thanx
nite
for a grocery analogy...the broker would be the wholesaler
User [fibo] left forum on Thu May 11 14:34:28 EDT 2000
Fran did u say once up on a time that you did Gann
the insiders always come out good
yes lavona...but not an expert
are there any other questions?
gary...tnx for lesson
sounds like you were better than I
Good Luck everyone, and good night!
send me you r address www.gtowner.net I have a tape for u
lavona
I hoped it helped and I wasnt long winded
ok thx
I enjoyed it
have a greta nightt all see u next Monday
User [Jeff Z.] left forum on Thu May 11 14:36:30 EDT 2000
yes
always good to review from another perspective
have a great weekend
good nite Gary
I hoped u learned
thanks gary
y
night good folks
thanks
User [gary fullett] left forum on Thu May 11 14:36:46 EDT 2000