User [gary fullett /152.175.178.227] joined forum on Tue May 30 20:59:42 EDT 2000
<lmarsh> hello fran, mrj
<mrj> hi gary
<lmarsh> hi gary
<gary fullett> Hi everyone I will be with u all in 2 minutes
<lmarsh> k
<mrj> k
<fran> mrj...finally went over the gold work you did...very good work
<lmarsh> he does doesn't he!
<fran> the volume was especially interesting
<mrj> did you notice volume for thur and fri thank you
<fran> up
<fran> 5/25 was pretty big
<mrj> you may want to ask gary what he thinks it represents supply or demand
User [george /172.155.70.249] joined forum on Tue May 30 21:01:30 EDT 2000
<fran> hi geo
<mrj> hi george
<lmarsh> hi george
User [eric /208.134.223.40] joined forum on Tue May 30 21:01:54 EDT 2000
<gary fullett> Im back
<mrj> hi eric
<fran> hello eric
<gary fullett> did everyone get the charts?
<fran> y
<mrj> y
<george> <Enter Text Here>hi all
<eric> hi mrj fran and all
<lmarsh> hey gary, got an internett error again with the charts
<gary fullett> also did anyone have a problem with getting into the room
<mrj> n
<fran> n
<gary fullett> I will have to ask kelly sorry lmarsh
<gary fullett> welcome george
<fran> ever see a market do what everyone thought it was going to do?
<fran> brb...got to get my coffee
<gary fullett> I have talked with multichat many times so I hope the problem is settled
<gary fullett> k fran
<gary fullett> welcome goerge
<george> hi gary
<gary fullett> please ask any questions u wish
<george> I cant get charts today no ink in printer sry
User [Chris /63.14.220.77] joined forum on Tue May 30 21:04:11 EDT 2000
<fran> how do you get paint off a car?
<gary fullett> if you go to archives
<george> dont put it on lol
<gary fullett> u can download them anytime goerge
<george> ok
<gary fullett> paint thinner
<gary fullett> not sure
<fran> I drove on the white lines on highway today and they were freshly painted...need I say more?
<gary fullett> sue the city
<mrj> fran there is a product that removes overspray from shipyards that might be available at your auto parts store
<gary fullett> any questions
<gary fullett> on wyckoff or in general?
<fran> got to check.....I am on death row here
<mrj> gary would you comment on the vol of thur and fri in gold
<gary fullett> how did u see the volume?
<gary fullett> lets work thru this
User [fibo /206.104.30.187] joined forum on Tue May 30 21:06:55 EDT 2000
<gary fullett> I sent a gold chart tonight
<mrj> demand
<fran> hi fibo
<gary fullett> because I thought it was interestin
<gary fullett> hi fibo
<mrj> hi fibo
<gary fullett> I agree
<fibo> hello everyone
<lmarsh> hi fibo
<george> hi
<gary fullett> the problrm with gold is that it needs a sign of stregth
<gary fullett>
<gary fullett>
<eric> hi fibo
<fran> gary...what was that drop below support last week?
<gary fullett> what u need to see with gold is a close over 275 then 284
<fran> in gold
<gary fullett> with heavier volume on the rallies
<gary fullett> to show an upthrust
<gary fullett> geoge some of the terms maybe new to u
<gary fullett> I will try to backtrack
<gary fullett> and explain okay
<gary fullett> most times
<george> no problem
<mrj> thur.'s volu was heaviest since early feb
<gary fullett> so what is needed in gold
<gary fullett> is Demand
<gary fullett> but it must be a rally
<gary fullett> on heavier volume
<gary fullett> with good price action over the 2 points I mentioned
<gary fullett> if the markets gets above 275
<gary fullett> with good volume
<gary fullett> it can rally to 284
<gary fullett> then it will break out of this range above 284
<fran>
<gary fullett> then I think u will see a larger move above 300
User [amos /62.0.147.10] joined forum on Tue May 30 21:10:45 EDT 2000
<fibo> hi amos
<fran> hi amos
<mrj> hi amos
<amos> hi
<gary fullett> but we will go over that chart
<lmarsh> hi amos
<gary fullett> later tonight
<gary fullett> welcome amos
<amos> eh
<gary fullett> any other questions before we begin?
<mrj> unleaded broke its high
<eric>
<gary fullett> yes it did
<gary fullett> seasonal
User [fibo] left forum on Tue May 30 21:12:59 EDT 2000
<fran> can you use the same techniques of Wyckoff on a point and figure chart?
<fran> or does it have to be a br chart?
<gary fullett> Yes Fran
<fran> bar
<fran> k
<gary fullett> point and figure is essential for wyckoff
User [rbnca /216.119.18.91] joined forum on Tue May 30 21:14:19 EDT 2000
User [fibo /206.104.30.187] joined forum on Tue May 30 21:14:28 EDT 2000
<fran> hi rb
<mrj> wb fibo
<fran> wb fibo
<fibo> thanks
<gary fullett> okay
<rbnca> Hey Now
<gary fullett> lets begin with Sugar
<gary fullett> Hi Rb welcome back
User [stockgirl /209.178.147.189] joined forum on Tue May 30 21:15:12 EDT 2000
<gary fullett> we missed ya
<rbnca> thanks
<gary fullett> hi stockgirl
<fibo> hi rb hi stockgirl
<lmarsh>
<stockgirl> hi everyone
<fran> hi SG
<mrj> hi stockgirl
<stockgirl> mrj, hi!
<gary fullett> I want to talk about sugar weekly
<gary fullett> over 2 yr time
User [stockgirl] left forum on Tue May 30 21:16:37 EDT 2000
User [stockgirl /209.178.147.189] joined forum on Tue May 30 21:17:08 EDT 2000
<mrj> wb stockgirl
<george>
<gary fullett> the sugar market was in a downtrend
<gary fullett> for the past yr
<gary fullett> in febraury of this yr
<gary fullett> the market went
<gary fullett> to the lows
<gary fullett> see that?
<fran> y
<fibo> y
<george> y
<rbnca> how sweet it is
<lmarsh> y
<mrj> 4.36
<gary fullett> when the market went to its lows
<gary fullett> one didnt know that that was the low
<rbnca> amen
<gary fullett> but after 4 weeks
<gary fullett> of accumulating
<gary fullett> the market had a good weekly clos
<gary fullett> mid March
<gary fullett> but even with that strong week
<gary fullett> the market didnt take out resistance
<gary fullett> but if u look
<gary fullett> at the 630 level
<gary fullett> it is where I wrote "retst of support"
<gary fullett> when a market i going to take out resisatnce
<gary fullett> after a downtrend
<gary fullett> it must show demand right?
<eric>
<fibo>
<gary fullett> how does the market show demand>?
<fran>
<rbnca> yep
<gary fullett> wider price and and what?
<fran> v
<Chris>
<fibo> larger volume
<gary fullett> Volume right?
<lmarsh> volume
<gary fullett> correct fibo
<gary fullett> look at the 3rd week in april?
<gary fullett> wide range
<gary fullett> great volume
<gary fullett> and a close near the high
<gary fullett> do u see this?
<fran> y
<george> y
<fibo> y
<rbnca> y
<Chris> y
<gary fullett> so lets say that we werent long
<gary fullett> and we saw this action
<gary fullett> this is significant
<gary fullett> because it is at this levl
<gary fullett> that the market showed DEMAND
<gary fullett> and strenghth
<gary fullett> I mentioedn this chart when it was happening
<gary fullett> so if one waits for strenghth
<gary fullett> this is the point of that strenghth
<gary fullett> u can buy the strong weekly close
<fran> k
<mrj>
<lmarsh>
<gary fullett> or u can buy a retest
<rbnca> so what is the difference between strength and exhausted public buying or top
<gary fullett> u could have bought it at that level for 3 weeks!!!!!
<gary fullett> well in sugar you are coming from a downtrend
<gary fullett> so it is unlikely that it was a top
<gary fullett> after going sideways for over a month
<gary fullett> if the market was in a long uptrend
<gary fullett> this could be the beginning of a top
<gary fullett> it depends
<gary fullett> on where the market is at rb
<gary fullett> look at the close price action and volume
<rbnca> ah so, like the juice?
<gary fullett> this was constructive!!
<gary fullett> what do u mean like OJ?
<rbnca> yes, sorry
<amos>
<gary fullett> what about OJ rb?
<Chris>
<rbnca> I am seeing accumulation
<rbnca> test and retest
<gary fullett> I agree and I am getting there on tonights chart
<george> theres alot of buying and selling channel
<gary fullett> so everyone sees the demand I am talking about in sugar?
<mrj> vol on wed was heavy with wide price action
<gary fullett> 3rd week in april?
<gary fullett> that is true
<fran> y
<mrj> y
<lmarsh> y
<gary fullett> and I think short term sugar breaks from here
<gary fullett> so after the market showed Demand
<gary fullett> the market went sideways for 3 weeks
<gary fullett> the ranges were almost identical
<gary fullett> the market was accumaulting
<gary fullett> at these levels after demand
<gary fullett> a market needs Volume and demand to prove itself
<gary fullett> after a downtrend
<gary fullett> since sugar techically was bearish
<gary fullett> Demand had to overcome supply
<gary fullett> which it did last week in april
<gary fullett> then it Held these levels
<gary fullett> if the market went to the 630 area
<gary fullett> and then fel this would have been an upthrust
<gary fullett> but since the marjet "talked" to you
<gary fullett> and held the streghth area
<gary fullett> the market went much higher to 800 area
<gary fullett> do u see this demand then the accumaltion then rally
<fran> y
<eric> y
<fibo>
<gary fullett> the 4 weeks of going sideways in march
<rbnca> yes I was nail biting
<Chris> y
<lmarsh>
<gary fullett> then the 3 weeks after the stregnth
<stockgirl> gary, question please
<george> the market was resting
<gary fullett> this gave u a nice count
<gary fullett> any questions?
<gary fullett> do u understand?
<george> before going up
<gary fullett> yes stock girl
<gary fullett> yes George
<gary fullett> stock girl question?
<rbnca> what do you mean the market "breaks from here?
<fran>
<stockgirl> i've been watching sugar in the last week or so and you mentioned strength, volume rally last wed.
<stockgirl> how many days is needed in commodities...in stocks several to show real rallying after trending down
<gary fullett> goes lower RB
<rbnca> because?
<gary fullett> I think it will retest the 720 area support
<gary fullett> before going higher RB
<gary fullett> usually several day stck girl
<gary fullett> not that disimilar to stocks
<stockgirl> so the latest rally was not a real rally yet?
<gary fullett> I think that commodities in general will go higher
<amos>
<gary fullett> sugar alreadly in my mind
<george> retest 50% of last trend
<gary fullett> sytarted an upturn
<gary fullett> and will retrace then go higher
<gary fullett> very well said
<stockgirl> i'm looking at the chart and it's straight up from last week
<gary fullett> right the market had a very good week last week
<gary fullett> so I think the market will fill out
<gary fullett> or go sideways to lower over the nest week or so
<gary fullett> and reaccumualte before heading highr
<stockgirl> fill out?
<rbnca> Gary I don't know what you mean, but it must have been one or my dumb jokes
<fran> do you consider 7.10 the creek?
<george> just like steps
<gary fullett> yes george
<rbnca> I just hate your cat.
<gary fullett> and yes fran
<gary fullett> do u see the horizontal line I drew?
<gary fullett> this should be very good support at 710
<fran> yes
<gary fullett> area
<gary fullett> resisatnce Now becomes support
<gary fullett> it is a good chart that shows demand
<gary fullett> this is what gold needs Mr J
<gary fullett> alluding to your comment earlier
<fran> why not 6.30 creek?
<gary fullett> that is also very good support
<george> lot of support in sep. nov.
<gary fullett> but i dont think that it will be hit
<gary fullett> though at that level it is about a 50 percent retracemtn of the whole move
<gary fullett> 510 to 805
<fran> brb
<gary fullett> sept nov in sugar?
<george> yes
<gary fullett> those months dont trade
<gary fullett> Oct Jan
<eric>
<gary fullett> July
<fran> well there is a lot of growing season to go and I personally think this is good
<george> yes
<gary fullett> any questions on sugar
<Chris>
<gary fullett> do u undersatnd this chart?
<george> support at 7 in sept oct an nov
User [stockgirl] left forum on Tue May 30 21:47:42 EDT 2000
<gary fullett> since mr J mentioend gold
<gary fullett> lets talk on that one
<gary fullett> this market has been drifting lower
<gary fullett> for the past 3 monthd
<fran> back
<mrj> wb fran
<fran> thx
<gary fullett> now the market has tested
User [fibo /206.104.30.187] joined forum on Tue May 30 21:49:27 EDT 2000
<gary fullett> the 270 area
<mrj> wb fibo
<gary fullett> so the area from 270-268
<fibo> thanks..got bumped
<gary fullett> is the next level of support
<fibo> what is the chart now?
<lmarsh> gold
<gary fullett> but as amos has mentioend
<fran> gold
<fibo> thanks
<gary fullett> this market needs and Must have Demand to
<gary fullett> show up
<george> looks like it closed the weekly gap
<gary fullett> yes But hasnt showed demand yet
<gary fullett> the way to play the gold is to wait
<gary fullett> for stenght and buy on a buy stop
<gary fullett> I mentioned
<gary fullett> the posints in goold as being
<gary fullett> 275 then 285
<gary fullett> the market looks like it should hold.
<gary fullett> but it is a risk trade to buy here
<gary fullett> yes it is some support
<gary fullett> but a safer trade is to wait for demand to show up
<gary fullett> and buy there
<fran> what would you call that dip below support last week?
<gary fullett> not good
<fran> ;-)
<gary fullett> if the market takes out
<fran> in wyckoff lingo
<rbnca> for longs
<gary fullett> last weeks high
<eric>
<gary fullett> then it could be the begiining of an up move
<gary fullett> but the points I gave u I think are critcal
<gary fullett> wll if if takes out last weeks highs a retest of weekly support
<fibo>
<gary fullett> if not then a retest lower
<amos>
<gary fullett> in wyckckoff lingo
<gary fullett> okay fran>?
<gary fullett> questions on gold
User [wes /172.139.212.125] joined forum on Tue May 30 21:54:49 EDT 2000
<fran> does it have a mane?
<gary fullett> the proper way to play it is probably on buy stops
<fran> hi wes
<gary fullett> yes
<mrj> hi wes
<wes> hi everyone
<fran> name
<gary fullett> it is 1 /3 the size of the big comex
<gary fullett> hey wes
<lmarsh>
<george>
<Chris>
<eric>
<amos> the name of the mane is "lion in the winter" fran
<gary fullett> :)
<fran> ?
<gary fullett> amos do u have any comment on gold?
<amos> I have only one general comment about market and my state
<amos> Shall I continue?
<fran> y
<gary fullett> yes
<lmarsh> y
<wes> y
<rbnca> the floor is yours
<gary fullett> we are all ears
<eric> y
<amos> I just want you to know that despite the fact that I am very busy studying for a state exam....
<george>
<amos> I started in the last few days re-reading the original WYckoff text (of SMI )
<amos> whcih I carry with me around the globe (terrible in airports with the luggage).
<amos> I feel like MJ when the Bulls and he were in a slump-- the famous sentence:"Lets go back to basics>"
<gary fullett> dont use his name in vain :)
<george>
<amos> There is a tendency to lose you composure when you make predictions and the market comes and
<amos> salps you on your face...
<amos> Give you an example:
<amos> THe crb is bullish. THe 225 was a target that was reached.
<amos> I thought that the lagging commodities will assert themselves--not to happen yet...the leader--the
<amos> energy is continue to roar in its strong trend.
<amos> In the beans--remember how we used to emphasize the significance of the meal/oil spread?
<fran> y
<lmarsh> y
<eric> y
<george> the market is always right
<amos> Guess what--oil made a new low to day (15.84/vs 15.94)/...
<amos> WHile soymeal is still holdin higher hi and higher lo on the monthly!!!
<gary fullett> I wth that spread it is significant
<amos> So the original message of bullishness is still there--but what about the monthly chart
<amos> in beans?
<amos> I aslo
<gary fullett> meal held relative to oil today that was positive
<Chris>
<amos> lso thought the weekly cycle will hold--not to be.....
<amos> So in general I feel that I am confused. I do not read things correctly--and the best thing to do
<gary fullett> 515-520 in beans
<amos> when that happens--is to say: IDK=NMT...I do not know equals Need more time...
<george> dont let your emotions in the way
<amos> So the best thing for me to do is shut up and go back to reading the basic WYckoff course....
<amos>
<amos> I hope this is at least clear.
<mrj> monthly in beans still up
<fran> the weekly trendline is still holding in the beans
<lmarsh>
<gary fullett> good commnets amos
<fibo> amos we appreciate you being honest...thanks
<gary fullett> there are many times
<gary fullett> that u can identify something
<gary fullett> then be wrong
<gary fullett> after doing lots of work
<gary fullett> such is this business
<gary fullett> fibo do u have any comments in the grains or in general as well?
<fibo> i find that if i am too biased to one side i tend to not notice signals that don't support my bias
<fran> true fibo
<lmarsh> great point
<rbnca> ditto fibo
<eric> very true
<gary fullett> that is true with everyone fibo
<gary fullett> when u r bullish and the markets breaks
<gary fullett> u think it is a break in an uptrend to be bouhgt
<gary fullett> not a possible weakness and to sell short
<gary fullett> if one can chage everytime their signals tell them many times they will be right with experience
<gary fullett> that is why trading is so hard
<gary fullett> it is easy in hindsight
<gary fullett> we have been bulloish grains
<mrj>
<gary fullett> and working with grain charts for several months
User [wes2 /152.175.129.107] joined forum on Tue May 30 22:09:15 EDT 2000
<gary fullett> and now the market is back to the area that we were touting bullishness from
<gary fullett> that I :know " will do soemthing
<gary fullett> when I dont have a great opinion
<gary fullett> it happens
<gary fullett> when I think i know I get hurt
<gary fullett> No it wasnt fibo
<gary fullett> u mentioend this here
<gary fullett> I remeber him saying that in corn
<eric> I remembered that statement, fibo
<gary fullett> the question then is did it signify a short in corn for u?
<gary fullett> that is the hardest thing to do
<fibo> he can change his mind from bullish to bearish more easily than me :-)
<gary fullett> to be bullish then they market doesnt do what u want it to do
<gary fullett> then turn the other way very quickly
<gary fullett> running quick in this biz is good
<gary fullett> but watching loner term perspective is very important as well
<fibo> yes for him it did signify a short
<wes2>
<gary fullett> that is why we are here everynight
<gary fullett> trying to undersatnd markets and wyckoff
<gary fullett> crb cash
<gary fullett> market has shown some wonderful
<gary fullett> price action
<gary fullett> from the sideways action ( accumaultion) building cause
<gary fullett> from march thru July last yr
<gary fullett> then ideways action
<gary fullett> sideways
<gary fullett> sept thru Jan from 1999 till 2000
<gary fullett> as george mentioend before
<gary fullett> likes ateps
<gary fullett> steps
<fran>
<gary fullett> sideways accumaltion
<gary fullett> break out
<gary fullett> sideways action
<gary fullett> then a move higher
<gary fullett> this is what the CRB index has been doing over the past yr
<gary fullett> do u see this?
<fran> y
<fibo> y
<lmarsh> y
<wes2> y
<gary fullett> so as amos
<gary fullett> mentioned
<gary fullett> the crb is strong
<Chris>
<gary fullett> and it is partiualrly distrubing the grain action to the downside when the crb holds up
<george>
<gary fullett> the market has its true creek support
<gary fullett> at the 208 50 area.
<gary fullett> though I dont think it will retrace that far
<gary fullett> but that is where the majot support comes in
<gary fullett> do u see this horizontal support>?
<fran> y
<fibo> y
<wes2> y
<amos>
<gary fullett> if the grains head up the CRB will fly huh?
<fran> or gold
<eric>
<fibo> not necessarily because everything else in crb could be crashing then
<fran> LOL...fibo
<gary fullett> true
<fran> but true
<gary fullett> but if the energis break
<lmarsh>
<george> sell
<gary fullett> at keast i dont have to pay 2 bucjks a gallon for gas
<fibo> :-)
<lmarsh> not yet
<gary fullett> I would suspect that the energies will pullback after summer
<gary fullett> before the election
<gary fullett> but keep gas rices high all summer
<wes2> is old resistance that became support better support than the original support from range?
<mrj>
<gary fullett> good question wes
User [amos] left forum on Tue May 30 22:23:35 EDT 2000
<gary fullett> remeber when amos says that he likes to buy strenghth
<gary fullett> well on the case of buynig support at old resisatnce
<gary fullett> this is a case of that
<wes2> k
<gary fullett> the market is techinically stronger buying
<gary fullett> a retest of old resistance at upport
<gary fullett> becaus the market has proven itself
<gary fullett> buying the bottom of the range
<gary fullett> will give u better entry
<gary fullett> pricewise
<gary fullett> but there can be more risk as the market hasnt prove itslf
<gary fullett> like gold now
<gary fullett> at support of the range
<gary fullett> but no demand
<gary fullett> Oj is in arange as well
<gary fullett> so bying at the low 80's area
<gary fullett> ids the bottom of support
<george> energys near monthly hights and straight up ill look to sell
<gary fullett> if it can get above 8700
<rbnca> calls and spreads lowers risk,eh?
<gary fullett> that is buying strenghth
<gary fullett> like Coffee
<gary fullett> above 10610 area
<gary fullett> this is biuing strenghth
<gary fullett> otherwise buy at the low 90 's area
<gary fullett> the bottom of support
<gary fullett> but u run the rik of the market not proving strenghth yet
<gary fullett> good question wes....
<gary fullett> does that help?
<wes2> yes
<rbnca> heps me
<gary fullett> good
<gary fullett> if your niche
<gary fullett> is to buy strenghth
<gary fullett> look at that sugar chart
<gary fullett> the strenghth came in at the 630 area
<gary fullett> even if u missed the first 80 points at the bottom of the range
<wes2> your support line in crb cash looks like it is sitting on old resistance
<gary fullett> u still could 170 points
<gary fullett> it is wes
<wes2> k
<gary fullett> old resistance becomes support
<wes2> yes
<gary fullett> old support becomes resisatnce
<gary fullett> this is very very important
<gary fullett> it is a given....
<fran>
<rbnca> one of the few
<gary fullett> yes RB
<gary fullett> doesnt mean it works EVERY time
<gary fullett> but it is something that ahould always be watched
<gary fullett> any other questions ?
<wes2> me?
<gary fullett> the crb index should be watched
<gary fullett> it is like the dow for stocks
<gary fullett> anyone wes
<gary fullett> including u :)
<wes2> k :-)
<gary fullett> I keep send ing the crb index
<gary fullett> becuase it will be iportant as we go forward
<george>
<fibo> crb had a short term sell signal today
<gary fullett> fibo did u have a comment on grains? If not I want to go inetail tomorrow after tomorrows action
<gary fullett> I want to pend more than I have time for toonight
<rbnca> do you think oj is accumulating or distributing and why?
<gary fullett> RB I am ding that chart next
<fibo> came to more numbers today.
<rbnca> cool
<gary fullett> I wanted Fibo to comment on grains if should had any
<gary fullett> then I want to go into detail in tomorrows class
<fibo> grains still under the trend lines..
<gary fullett> do u think lower here? sideways/>
<Chris>
<fibo> will just have to watch the price action at the numbers.
<fibo> if it takes out this set of numbers it will go lower
<rbnca> you think cm is culling the pack?
<lmarsh> would you say 509 next support for beans?
<fibo> 508.50
<lmarsh> thank you
<gary fullett> I agree
<gary fullett> that is why
<gary fullett> I want to see the action tomorro
<fibo> and also at 510.
<gary fullett> to get more pieces of the puzzle
<fibo> yes gary
<gary fullett> so we will discuss grains in detail tomorrow okay?
<fibo> o.k. tomorrow
<fran> k
<eric> ok
<gary fullett> that si why I sent the charts but I want to spend more time then we have for tonight
<wes2> k
<gary fullett> fibo since amos had to go
<george>
<gary fullett> and it is 940 cst
<gary fullett> i think we will not complete
<gary fullett> the grain talk so we will start
<gary fullett> the first thing tomorrow night
<fibo> that's fine gary
<gary fullett> OJ
<lmarsh> great
<gary fullett> this market has been going sideways
<gary fullett> for the past
<gary fullett> 5 months
<gary fullett> low of the 80 area
<gary fullett> high of 8600
<gary fullett> do u see this?
<eric> y
<gary fullett> sideways trading range?
<wes2> y
<rbnca> yep memorized
<lmarsh> y
<gary fullett> when this finally moves it will be a large
<gary fullett> move the count
<gary fullett> is getting large
<gary fullett> rememebr the longer sideways
<gary fullett> the larger the move
<fran> nite everyone..cu tomorrow nite
<gary fullett> to me ince the crb is bullish
<Chris>
<lmarsh> nite fran & thanks
<wes2> nite fran
<gary fullett> and the fact that the trend in OJ has been down
<mrj> nite fran
<fibo> nite fran
<gary fullett> this sideways action to me is
<gary fullett> accumaultion
<gary fullett> night fran
User [fran] left forum on Tue May 30 22:41:02 EDT 2000
<gary fullett> if it wasnt in my mind
<gary fullett> we would have made new lows already
<gary fullett> it kinda of reminds me of the grains
<gary fullett> the market went sideways for awhile
<gary fullett> and should have ralalied more
<gary fullett> the fact that the grains could rally and make new highs was barish
<gary fullett> in the case with OJ
<gary fullett> the market shouldhave made new lows
<gary fullett> buy didnt
<gary fullett> so to me it appears
<gary fullett> that this is accumaultion
<gary fullett> and if u want to buy stenghth
<gary fullett> instead
<gary fullett> odf the bottom of the range at 8600
<gary fullett> this is a case of what u were talking about eailer wes
<gary fullett> the strenghth\
<gary fullett> is above the 8700 area
<gary fullett> see this area?
<wes2> k
<wes2> y
<lmarsh> y
<eric> good night to all, thanks gary and fibo
<gary fullett> so if u want to buy strenght buy above 8700
<lmarsh> nite eric
<wes2> nite eric
User [eric] left forum on Tue May 30 22:44:52 EDT 2000
<gary fullett> if u want to bottom bottom of support buy at the 80 area
<gary fullett> any questions on OJ?
<fibo>
<wes2> gary does vol in oj support accum?
<gary fullett> to me yes
<rbnca> hey that was my q
<gary fullett> volume should pick up on the rallies
<george>
<gary fullett> and dry up on breaks
<gary fullett> to show No supply
<wes2> sorry rb
<gary fullett> so to me the market shows accumulation
<gary fullett> okay RB and wes..
<gary fullett> half credit each :)
<rbnca> that does it
<wes2> easy rb
<gary fullett> any other questions>?
<gary fullett> otherwise I willc all it a night and see u all tomorrow night
<fibo> nite gary thanks
<wes2> i did'nt mean it rb 8-)
<wes2> nite gary thanks
<rbnca> all right then thanks seeya
<lmarsh> ok gary thanks
<gary fullett> okay night all tomorrow we discuss grains
<mrj> nite everyone
User [rbnca] left forum on Tue May 30 22:48:11 EDT 2000
<gary fullett> and other things
<george> bye
User [mrj] left forum on Tue May 30 22:48:17 EDT 2000
<gary fullett> thanx gorge
<gary fullett> good night all
<fibo> nite all
User [george] left forum on Tue May 30 22:48:28 EDT 2000
<gary fullett> I hoped it helped
<gary fullett> night
User [gary fullett] left forum on Tue May 30 22:48:35 EDT 2000