User [gary fullett /172.131.101.177] joined forum on Thu Jun 08 20:53:09 EDT 2000
User [mrj /209.16.79.7] joined forum on Thu Jun 08 20:57:29 EDT 2000
<mrj> hi Gary
<gary fullett> how r u?
<gary fullett> thank you for the article
<mrj> fine
<gary fullett> did u read it yet?
<mrj> you're welcome I know you're busy and didn't know if you had seen it
<mrj> yes
<gary fullett> I didnt see it
<gary fullett> is it on the web?
<mrj> it's on-line
<gary fullett> or is it in paper copy
<gary fullett> do u have the site?
<mrj> I have a paper copy
<mrj> let me get it ok
<gary fullett> great thanx
User [stockgirl /209.178.155.52] joined forum on Thu Jun 08 21:00:47 EDT 2000
<gary fullett> hi stock girl..
<stockgirl> good evening gary, mrj
<mrj> crbindex.com/
<gary fullett> people will be late tonight
<mrj> hi stockgirl
<stockgirl> yes, mrj, what about crbindex?
<mrj> got the site gary
<gary fullett> oh I know know when u meant bridge trader
<gary fullett> i should have recognozed it
<gary fullett> thank u
<mrj> you can find bridge trader there with the article
<gary fullett> thank u
<mrj> got it stkgirl
<gary fullett> thye do have good articles in there
<stockgirl> got what mrj? sorry i'm out of the flow here!
<stockgirl> gary, yes
<gary fullett> I only read in the bathtub
<stockgirl> not a safe place to use your computer
<gary fullett> :)
<stockgirl> anyway i thought all americans took showers
<mrj> the site for the Bridge Trader article on Wave Charting
<gary fullett> I never take showers
<gary fullett> only bathes
<stockgirl> you're not a real american then...
<gary fullett> was it specfic to wyckoff?
User [fran /209.100.190.134] joined forum on Thu Jun 08 21:04:56 EDT 2000
<mrj> yes
<mrj> hi fran
User [Guest /204.119.225.164] joined forum on Thu Jun 08 21:05:09 EDT 2000
<fran> hi people
<mrj> hi guest
<gary fullett> i think i am the last time I checked :)
<fran> hi guest
<Guest> hi
<gary fullett> I take it stockgirl u r not an american
<gary fullett> you must be British?
<stockgirl> the americans make fun of us europeans for taking baths
<stockgirl> right i'm not american
<stockgirl> i was born and raised in england but my parents were from goa, india (mix portuguese/indian)
<fran> not me sg
<gary fullett> I am in the bathe several hours a day
<gary fullett> right after the amrkets close
<gary fullett> markets
<gary fullett> where do u reside now?
<stockgirl> here's what i look like: http://profiles.yahoo.com/stkgurl
<stockgirl> los angeles unfortunately
<gary fullett> :)
<fran> thx mrj...for the info
<gary fullett> any questions?
<stockgirl> OJ
<mrj> you're welcome fran
<gary fullett> he is guilty
<fran> yes
<stockgirl> so is klaus van bulow
<gary fullett> any specific question on OJ
<stockgirl> yes price action
<gary fullett> that is true about ole klaus
<gary fullett> well the amrket was a liitle lower today
<gary fullett> market
<gary fullett> but the volume was very light
<gary fullett> Now if the amrket is bullish
<gary fullett> market
<gary fullett> then i will see a jump over the creek
<gary fullett> or out of this range
<stockgirl> out of this range means down?
<gary fullett> it is unusaul
<gary fullett> for the market to just sit here like this
<gary fullett> meaning we should move away from this area
<gary fullett> very soon
<stockgirl> gary when you say no reason for the market to sit here like this
<gary fullett> I would suspect that some "news" will be coming out on OJ very soon
<fran> report tomorrow
<stockgirl> to me sounds contradictory to the idea that all markets are manipulated
<gary fullett> what report?
User [lmarsh /12.14.197.187] joined forum on Thu Jun 08 21:12:42 EDT 2000
<mrj> hi marsh
<gary fullett> markets are of course manipulated
<lmarsh> hello
<gary fullett> het lamrsh
<stockgirl> then isn't there a "reason" that the market didn't move today
<gary fullett> what I mean about market sitting here
<gary fullett> is that the range is very tight now
<gary fullett> and lower highs
<gary fullett> and higher lows
<gary fullett> this cant last forever
<gary fullett> the tighter the range
<Guest> hi l
<gary fullett> the closer to a pending move
<stockgirl> in either direction?
<gary fullett> so this tight range will resolve itself soon
<gary fullett> Yes
<gary fullett> Fran what report?
<fran> USDA has all their reports tomorrow gary...production and S and D
<gary fullett> is it a big report?
<fran> don't look for big chanbes really
<fran> changes
<gary fullett> s and d means supply and demand
<fran> yes
<fran> that is the one i am interested in
<gary fullett> do u think that the fact the grains are near thier lows that the report can be bullish?
<fran> ?
<gary fullett> the grains have retraced their whole move
<gary fullett> do u think this report
<fran> might stop the bleeding for a while
<gary fullett> will be the bottom short term?
<fran> ?
<gary fullett> are u expecting a bullish report or bearish report?
<fran> charts sure don't look good
<gary fullett> nope
<fran> could be a little bullish for wheat ....I think
<gary fullett> I want to say something about reports
<gary fullett> it is NOT the actaul numbers that people look at
<mrj> Gary have you looked at the weekly continuation chart for Bean Oil
<gary fullett> it is what the numbers say
<gary fullett> to "what is expected
<gary fullett> a report can have negative numbers but it can be anticated
<gary fullett> and the market rally
<fran> a fade
<gary fullett> Yes I ahve it mr j
<gary fullett> have
<gary fullett> so when u look a report it is based on what is expected
<gary fullett> rather than the actual number
<gary fullett> do u understand that?
<mrj> interesting from a Wyckoff standpoint don't you think
<stockgirl> yes. i have a question for fran
<fran> right now...weather is still the #1 force...don't you think
<gary fullett> Yes very
<gary fullett> well i suppose
<gary fullett> but the charts will tell u weather
<gary fullett> stock girl go ahead for fran
<stockgirl> fran you started by saying OJ and a report tomorrow
<fran> y
<stockgirl> then gary said, rightly, that numbers jive with public sentiment (sort of)
<fran> y
<stockgirl> i.e. if negative news is expected will be factored in and vice versa
<fran> good bet
<stockgirl> so then what does tomorrow's report have to do with how OJ is behaving now?
<fran> absolutely nothing
<stockgirl> all right, then i'm lost:0
<fran> that I can see fundamentally
<fran> could surprise people
<gary fullett> reports are fundamnetals
<gary fullett> charts are technical
<mrj> on weekly continuation chart for OJ, notice how price range has narrowed greatly since beginning of March
<stockgirl> okay, so tomorrow could surprise peole but had nothing to do with today's action.
User [Jorg /172.143.215.189] joined forum on Thu Jun 08 21:22:34 EDT 2000
<Jorg> <Enter Text Here>hi Gary
<fran> don't know OJ fundamentals...but it could be the cause or news to shake oj loose one way or the other
<gary fullett> hi jorg
<fran> hi jorg
<stockgirl> i was trying to understand the connection when gary said he could not see a reason for quiet volume today
<gary fullett> forget the reports from the standpoint of trying to trade off of them
<stockgirl> and you mentioned the report coming out tomorrow
<gary fullett> stock girl what I menat
<gary fullett> meant
<stockgirl> i'm trying to understand what fran meant
<fran> gary...explain how traders will even up before report etc
<gary fullett> the market went down on light volume
<gary fullett> this to me is bullish
<stockgirl> yes
<gary fullett> it is a pullback on light volume
<gary fullett> I didnt know about the report but it doesnt make a differnece to me
<stockgirl> means not much supply coming intothe market
<gary fullett> I dont trade reports
<stockgirl> i know that's why i was curious when fran mentioned it
<gary fullett> If a chart looks good I want to buy at support
<gary fullett> many traders will not trade
<fran> gary was asking what the news could be SG
<gary fullett> the day before a report
<gary fullett> since the activity
<stockgirl> SG?
<fran> stockgirl
<stockgirl> :)
<fran> maybe the report will hold the news...pure speculation on my part
<gary fullett> because if a trader has an out trade with a fellow trader
<gary fullett> he doesnt want to have a postion
<gary fullett> in case of error
<stockgirl> what's an out trade?
<gary fullett> so generally a day before a report volume is light
<gary fullett> an out trade is when 2 traders in the pit have a disagreeemtn
<gary fullett> on a trade wheather it is about price
<gary fullett> or about positions
<gary fullett> very common
<gary fullett> since the report is before the opening
<gary fullett> many traders dont want to have a postion
<gary fullett> because of an error
<stockgirl> yes, thank you.
<gary fullett> undersatnd?
<fran> no
<stockgirl> yes, gary
<gary fullett> u dont understand fran>?
<fran> is there an error now in oj?
<gary fullett> I will explain
<gary fullett> when 2 trader sin the pit trade
<gary fullett> lets say one want to buy
<gary fullett> and the other wants to buy
<gary fullett> but they get mixed up and one thinks he bought it
<gary fullett> and the other trader thinks he bought it
<gary fullett> for a buyer there is a seller
<gary fullett> so the next morning
<gary fullett> they are both
<gary fullett> buyers
<gary fullett> but the other trader thinks he boought it
<Guest>
<gary fullett> so they may both be buyers
<gary fullett> though wach one thinks he bought from the other
<gary fullett> so in reality
<gary fullett> there was NO seller
<fran> k
<gary fullett> so they must resolve this
User [Frank /63.160.52.163] joined forum on Thu Jun 08 21:31:30 EDT 2000
<fran> does this happen often?
<fran> hi frank
<gary fullett> is there a topic that u would like me to discuss?
<gary fullett> otherwise i have one
<Frank> hello all
<gary fullett> happens very very often
<stockgirl> mrj asked about the bean oil chart
<fran> thx gary
<gary fullett> in the s and p pit several thousands a day
<lmarsh> hey Frank
<gary fullett> weekly bean oil chart
<fran> hi marsh...missed you coming in
<gary fullett> he mentioned
<mrj> Hey Frank
<lmarsh> weekly bon0 ok
<Frank> mr j fran marsh, hello
<fran>
<gary fullett> mr j did u want to elaborate for stock girl on tha chart?
<mrj> just thought it was a good example of Wyckoff
<mrj> do you want to look at it
<gary fullett> well i didnt send a chart to anyone so if iu want to coment on it I can send next week
<mrj> may take awhile
<stockgirl> mrj in what way do you think it is a good example of wyckoff. i'm looking at BO on barchart.com
<lmarsh> got weekly bo chart up
<mrj> week of 2-26-99 and 303-99
<mrj> Preliminary Demand(support)
<gary fullett> go ahead mr j
<mrj> sorry 3-5-99
<stockgirl> a moment please mrj
<stockgirl> you mean from last year?
<mrj> yes
<stockgirl> all right i have to find another chart
<mrj> 4-23-99
<mrj> 7-30-99
<mrj> Point two is 4-23-99
<mrj> Selling Climax is 7-30-99
<fran>
<Guest>
<mrj> 9-17-99
<mrj> Automatic Rally is high of 9-17-99
<lmarsh> ok
<mrj> 3-3-00
<gary fullett> so far accurate
<gary fullett> good:)
<mrj> Retest of Selling Climax at low of 3-3-00
<gary fullett> or secondary test
<mrj> yes thank you gary
<mrj> a rally to retest the automatic rally and now a retest of secondary test
<mrj> a form of "spring" for week of 6-2-00
<gary fullett> very very good
<mrj> bounce off of retest of secondary test
<mrj> that's it
<gary fullett> that is an excellent explanation
<gary fullett> does everyone understand what he is talking about?
<fran> y
<mrj> accumulation from July 99
<Guest> y
<lmarsh> yes, very good mrj
<mrj> to present
<mrj> I'm blushing
<stockgirl> thank you v.much mjr was an excellent explanation.
<mrj> hope it helps
<fran> great mrj
<lmarsh> blushing or flushed from the work? : )
<stockgirl> v.clear. even without the chart i could follow
<mrj> :)
<mrj> I like doing it
<fran> now the hard question...what's it going to do?
<stockgirl> so, BO going forward?
<gary fullett> well this is very bullish scenerio
<mrj> I think it's worth a shot
<stockgirl> entry point?
<mrj> a stop below 15.84 seems reasonable in the way of risk
<stockgirl> objective?
<mrj> around 18
<fran> brb
<stockgirl> thank you.
<stockgirl> that was great!
<mrj> thanks it's appreciated
<gary fullett> that is the reason for class
<mrj> I'm working on OJ stockgirl
<gary fullett> I want everyone to be able to identify
<gary fullett> wyckoff principles
<gary fullett> so we can discuss
<gary fullett> and u can call your broker
<gary fullett> and place orders with your broker
<mrj> I do want to give all credit to Gary for having the patience and energy to be with us
<fran> back
<gary fullett> based on what we talk baout
<gary fullett> I will be here even if I am by myself
<Guest>
<gary fullett> you all must releize that the log gets sent to over 300 people
<gary fullett> and they email me all the time
<gary fullett> and want to commend
<gary fullett> u for asking questions in class
<gary fullett> and paricipating
<gary fullett> many are in europe
<gary fullett> and asia
<fran> really?
<gary fullett> I have aboiut 10 from africa
<gary fullett> yes <
<gary fullett> many are sleeping
<stockgirl> that's amazing!
<gary fullett> that is why I have the archive
<gary fullett> they review it ask questions then place trades via email to me
<gary fullett> that is why class is 4 times a week
<gary fullett> so poeple cam review it
<gary fullett> even if we talk about 1 topic
<gary fullett> it helps
<gary fullett> I have an office in Ukraine
<gary fullett> and they even trade form there
<gary fullett> and they follow
<gary fullett> that is why
<gary fullett> I try to have a dialolugue with u all
<gary fullett> so we can slowly go thru stuff
<gary fullett> it helps everyone
<stockgirl> so, OJ, gary
<gary fullett> so when fibo fran mr j talk
<gary fullett> and they have been to class forawhile now
<gary fullett> it is helpful
<gary fullett> and everyone else who contributes
<gary fullett> I haveseveral clients
User [Frank /63.160.52.163] joined forum on Thu Jun 08 21:55:43 EDT 2000
<gary fullett> who never came to class and read the archives
<gary fullett> and trade wyckoff
<gary fullett> somre come a few times
<gary fullett> so thiese classes are beneficail to all that dont cone
<Guest> who is fibo? not here?
<gary fullett> oj all i can say is that I feel it is accumaltion
<gary fullett> there is Risk in all trading
<gary fullett> but I think wyckff
<fran> she is very good guest, especially on e-wave
<gary fullett> is a great way to look at markets
<gary fullett> wonderful person
<Frank>
<gary fullett> that support is 8150
<gary fullett> resisatnce is at 8400
<stockgirl> a trader i know says "markets are risky, use risk to your advantage"
<gary fullett> I think oj is going to 90 cents
<gary fullett> very true:)
<Guest> ok thxs
<gary fullett> so is there a specific question about oj
<stockgirl> so if you didn't get in yesterday when there was a signal to buy, where is the next point?
<gary fullett> by the way bean oil has been the weakest grain
<gary fullett> so if the weakest has support we can fly
<gary fullett> above 8400
<fran> it is an oil gary
<mrj> week of 4-28-00
<fran> palm oil etc competes with it
<stockgirl> gary, i don't understand the connection between BO and OJ
<mrj> having trouble
<mrj> On OJ look at rising weekly lows on continuation chart since week of 4-28-00
<Frank>
<gary fullett> there isnt any
<stockgirl> thank you mrj.
<gary fullett> I was just making a comment
<gary fullett> to follow up about mr j
<stockgirl> okay thank you gary
<gary fullett> so what does Palm oil say fran?
<fran> I have no idea
<gary fullett> oh okay u mentioned it and I thought u had an idea about it
<fran> nope
<gary fullett> K :)
<gary fullett> I will send weeklies on tuesday
<gary fullett> so we can get a better perspective
<gary fullett> okay?
<Frank>
<fran> k
<lmarsh> k
<mrj> lows 78.25, 79.45, 79.40, 80.50, 80.55, 80.80, 81.40
<Guest> k
<stockgirl> meaning the trend is moving up?
<mrj> seems like an order at about 85.30 might be ok
<mrj> to me it is but most of us look at the highs and forget the lows
<gary fullett> that is what higher low say
<stockgirl> that's higher than we talked about before
<mrj> could make a run to 92.25 maybe
<gary fullett> this is a weeekly chart stock girl
<gary fullett> I was talking about dailies
User [Joe K /172.162.65.59] joined forum on Thu Jun 08 22:05:48 EDT 2000
<gary fullett> u must keep perspective
<stockgirl> higher lows and higher highs (which we haven't had consistently yet) are bullish
<fran> hi Joe
<mrj> might be a safer entry above range
<mrj> hi Joe
<gary fullett> I think 90 cents is an area
<Joe K> hey everybody
<gary fullett> that I think it will test
<stockgirl> thank yu gary, i understand now
<lmarsh> hi joe
<gary fullett> on a monthly chart it is higher
<Joe K> subject ?
<gary fullett> hey joe what do u know :)
<gary fullett> OJ
<gary fullett> your fav
<Joe K> k
<Joe K> Yuk
<Joe K> GOLD
<fran> yes
<Joe K> Drewling on GOLD
<gary fullett> the crb index still looks very strong
<gary fullett> by the way
<gary fullett> did u see natural gas
<stockgirl> yes
<gary fullett> the chart we talked about tuesday
<gary fullett> after the BC
<gary fullett> the mearket went down 35 cents yesterday
<gary fullett> about 3500
<gary fullett> dollars
<gary fullett> then recovered today
<gary fullett> about 1 /2 back
<gary fullett> now it will form a range and distribute
<fran> well they sure are jacking up the price of gasoline here
<Joe K> lol
<gary fullett> ther eis a reason for it
<lmarsh> same here fran. I paid $1.54 today
<gary fullett> do u know why gas is high now
<Joe K> seasonl
<gary fullett> U will like this stock girl
<gary fullett> it is 225 in chicago lmarsh
<gary fullett> 225 a gallon!!!!!
<lmarsh> EGADS
<fran> yes
<gary fullett> why is gas high?
<Joe K> opec
<gary fullett> anyone know?
<gary fullett> Nope Joe
<lmarsh> not i
<stockgirl> because of warmer weather
<gary fullett> give up
<fran> y
<gary fullett> nope
<lmarsh> i give
<gary fullett> what has the FED been doing?
<Frank> so the politicians will not have to take for the stock market drop
<fran> raising rates
<lmarsh> raising rates
<Joe K> interest rates
<gary fullett> RIGHT
<gary fullett> why have they been doing that?
<Frank> take the heat
<lmarsh> to slow the economy
<fran> slow growth
<Joe K> to induce inflation
<gary fullett> RIGHT
<Joe K> lol
<gary fullett> what better way to have poeple spend less money on vaction and cancel vaction by not driving
<gary fullett> then raising gas prices!!!!
<lmarsh> true
<gary fullett> by rasing gas prices
<gary fullett> Popel have LESS money
<gary fullett> spend less
<gary fullett> SLOWS economy!!!!
<Joe K> good point
<gary fullett> what is happening in November?
User [wes /172.166.30.147] joined forum on Thu Jun 08 22:12:54 EDT 2000
<fran> gush and bore
<Frank> they learned that from carter
<fran> hi wes
<gary fullett> what do u think Gas does after this summer?
<Guest> lol
<Joe K> ka boom
<wes> hi fran
<gary fullett> drop before the election!!!!
<lmarsh> hello wes
<gary fullett> the futures may break within a month
<wes> hi lmarsh
<Joe K> Nice Gary 1
<gary fullett> cant have high gas prices before an election !!!!!!
<gary fullett> manipulative markets !!!!!
<gary fullett> IT is NEVER OPEC
<gary fullett> we control Opec
<stockgirl> gary if everyone knows this then won't the market just trend sideways as people sit on the sidelines?
<gary fullett> why do u think we have the lowest gas prices in the world!!!!!
<gary fullett> YES stock girl
<fran>
<gary fullett> it is called DISTRIBUTION!!!!!!
<gary fullett> sideways trading range !!!!!!
<gary fullett> building a cause
<mrj> Did unleaded have an upthrust on 5-31?
<stockgirl> building a cause?
<gary fullett> I think so mr J
User [wes2 /172.148.203.24] joined forum on Thu Jun 08 22:16:17 EDT 2000
<gary fullett> the longer sideways the larger the move
<mrj> thanks
<gary fullett> so building a cause means
<gary fullett> the sideways rading range
<gary fullett> is for the preparation for a move
<gary fullett> OJ has been going sideways for 6 Months !!!!!!!!!!
<stockgirl> which you feel will be to the downside closer to november?
<gary fullett> a massive will will occur in OJ
<fran> massive what
<stockgirl> move
<gary fullett> I think that in july the market will break
<gary fullett> it will break at peak driving season!!!!
<stockgirl> you're talking which now, OJ or NG?
<gary fullett> move sorry fran
<gary fullett> neither I am talking energies
<gary fullett> not NG
<fran> does your car run onm oj SG...LOL
<gary fullett> OJ will make a massive move
<fran> oj
<fran> sorry
<gary fullett> as it has been going sideways for 6 months
<Joe K> really Gary you went back n forth there
<stockgirl> i wish it did, i drive a sports car!
<gary fullett> :)
<Joe K> lol
<gary fullett> I am sorry
<gary fullett> I will stick to one thought
<gary fullett> I think energis will peak soon
<gary fullett> OJ wil make a massive move due to 6 months going sideways
<gary fullett> natural gas BC
<gary fullett> SOW
<gary fullett> retest
<gary fullett> now trading range
<gary fullett> distribution
<stockgirl> SOW?
<gary fullett> That was a weakness
<stockgirl> yes thank you.
<gary fullett> SOW is a PIG stockgirl
<gary fullett> Lol :)
<lmarsh> lol
<stockgirl> who you calling a pig, gary?
<Joe K> a needle pulling thread
<Joe K> lol
<gary fullett> sign of weakness :)
<fran> boy or girl pig gary?
<gary fullett> No one
<gary fullett> not sure fran :)
<stockgirl> :)
<Joe K> Oink Oink
<wes2> lol
<fran> OH Gary!!!!!!
<stockgirl> gary, a question please that's not piggish
<gary fullett> I didnt reverse that sentacre stockgirl :)
<wes2> lol@gary and fran
<fran> don't laugh wes...he had not seen soybeans until a couple of years ago
<gary fullett> what is a sow boy or girl?
<gary fullett> k stock girl please
<fran> a madame
<gary fullett> that is very treu
<gary fullett> I still dont know what they look like
<lmarsh> sow is a female
<stockgirl> so my question is about sideways trading
<gary fullett> a pretty female?
<lmarsh> prettier than janet reno!
<fran> if you like Miss Piggy Gary
<stockgirl> anyone is prettier than janet reno
<stockgirl> that's a given
<lmarsh> true stockgirl!
<gary fullett> she is the worst
<Joe K> Garry, how do we know the tringle in OJ will break North ? Most times that pennant breaks South.
<gary fullett> not sure Joe
<Frank>
<gary fullett> I think it is accumaltion I could be wrong
<gary fullett> is a sow a big female piggy or baby?
<stockgirl> so gary, my question on sideways trading please
User [Guest] left forum on Thu Jun 08 22:26:10 EDT 2000
<lmarsh>
<Joe K> Seen it in Coffee , and poof !
<gary fullett> longer sideways longer the cause larger the Move
<stockgirl> how do we distinguish, using wyckoff,
<Joe K> It is a decending Triangle
<stockgirl> and can we
<gary fullett> questions?
<stockgirl> between trading that is accumulating for a move up
<stockgirl> and sideways trading that is treading water and waiting to move down
<fran> could be either SG
<fran> so you go with the flow
<stockgirl> yes, fran the question is how or when do we know which?
<stockgirl> well, based on tonight's discussion
<stockgirl> i think there have been some specific things said
<stockgirl> about OJ and NG
<stockgirl> excuse me NG and BO
<fran> look at support, and resistance and go with a break-out or break-down
<stockgirl> mrj laid out a case for bean oil which indicates we could move higher
<gary fullett> the question is
<stockgirl> then we talking about accumulation in OJ and the sentiment it could break higher
<gary fullett> how do we know if it accumaltion to go higher
<stockgirl> then we talked about NG and sentiment was it could move lower
<fran> with this large trading range, which ever way it goes should be a good move...right?
<gary fullett> or distribution to go lower
<gary fullett> yes fran
<gary fullett> is that your question stockgirl?
<gary fullett> that is the Key to wyckoff and takes yrs to know that
<gary fullett> if u have a selling climax
<gary fullett> then an automatic rally
<gary fullett> then a retest
<gary fullett> then sideways trading range
<gary fullett> this is accumaultion
<stockgirl> yes
<stockgirl> okay here's the question i think i'm trying to ask
<gary fullett> the opposite is true on a BC
<stockgirl> yes
<gary fullett> if u see this u can determine what it is
<stockgirl> yes
<stockgirl> i realize the question i want to ask
<stockgirl> i'm coming from the stock market but a market i know pretty well, (let's say very well)
<stockgirl> because i've only ever traded one index, the nasdaq
<gary fullett> okay go on
<stockgirl> everything you say about SC, BC, automatic retest, sideways trading, accumulation distribution, i can recognize
<stockgirl> all of this in the nasdaq, if not everyday on a week/month basis
<stockgirl> in the stocks themselves and the index as a whole
<stockgirl> so strictly speaking i should be able to look at any comodity chart
<mrj>
<fran> a chart is a chart is a chart is a chart
<stockgirl> and with the help of wyckoff, say, just trade it accordingly
<lmarsh>
<stockgirl> regaradless of fundamentals
<gary fullett> YES YES
<fran> price tells you fundamentals
<gary fullett> DO NOT LOOK AT FUNDAMENTALS
<gary fullett> right fran
<gary fullett> if u look at fundamantals U should Not be long any nasadq stocks
<gary fullett> they aree overpriced
<gary fullett> charts will tell u what fundamantals say
<gary fullett> WYCKOFF said NEVER EVER READ the NEWS
<Joe K> well, sometimes a disaster may happen overnight
<gary fullett> if u read the news it will hurt u in the long run I promise u that
<gary fullett> whach the charts
<Joe K> understood, but there are instances
<gary fullett> and try to piece the puzzle that the cm tells u
<fran> true Joe
<gary fullett> he paints apicture like Rembrandt
<mrj> the weekly continuation chart for cotton shows a good example of accumulation from 7-99 to 12-99
<gary fullett> of course there are insatnces
<gary fullett> and Cms do lose money
<gary fullett> but I want to be with them not against them
<gary fullett> that is a great example mr j
<fran> like a drought or freeze or something they can't control
<gary fullett> and if u remeber I mentioned
<gary fullett> the bullishness of cotton
<gary fullett> yes they can to a degree fran
<gary fullett> they run a campaign
<fran> ARE THEY GOD?
<gary fullett> and they accumalte or distribte
<stockgirl> fran they're not god
<stockgirl> but they run the markets
<stockgirl> therefore they have control
<gary fullett> remeber chernobyl?
<stockgirl> most of the time
<gary fullett> right stock girl
<stockgirl> market is not run by god
<gary fullett> remember chernobly
<stockgirl> the market is run by people
<fran> that is what I am talking about...every once in a while you catch them the wrong way
<gary fullett> grains we accumalting
<gary fullett> I was long
<gary fullett> and the event happend
<gary fullett> how did the CM know
<gary fullett> they didnt know about chernobyl
<gary fullett> but they were prepared
<fran> right...they were just lucky
<gary fullett> hey Imwould like to be lucky and be a millionare
<mrj> Read Jesse Livermore's account of the San Francisco earthquake
<gary fullett> and I hink everyone here would be too
<fran> did he die broke?
<lmarsh> : )
<gary fullett> they are postioned to take advantage of these situations
<stockgirl> he killed himself
<gary fullett> tyhey are not ALWAYS right
<fran> wow
<gary fullett> but I would give my last dime to them
<stockgirl> he said one can never beat the markets
<gary fullett> yes he did
<gary fullett> U ride coatails
<stockgirl> it's something paul tudor jones thinks about every day, according to him.
<fran> people beat the markets everyday
<fran> right gary
<gary fullett> so do I stock girl
<gary fullett> ot on a consistent basis
<stockgirl> yes, fran over the long haul
<stockgirl> very difficult to beat the market consistently
<Joe K> I hope its over the long hall !
<Joe K> lol
<fran> you don't beat the markets...you just ride along for fun
<Joe K> yes
<gary fullett> please just watch charts
<Joe K> You loose less
<gary fullett> and watch what the cm does
<gary fullett> and I believe u will make money
<stockgirl> i was just quoting livermore, it's an interesting thing to think about, coming from one of the greatest swing traders of this century
<gary fullett> jesses livermore was a great trader and a bad trader all in one
<stockgirl> yes
<fran> he did something wrong
<gary fullett> great because he made money
<lmarsh> time for me to exit, hope all a profitable tomoroww & thanks. nite.
<gary fullett> byye lamrsh
<fran> nite marsh
User [lmarsh] left forum on Thu Jun 08 22:44:58 EDT 2000
<mrj> good night everyone see you'll tomorrow night
<gary fullett> bad because of risk control!!!!
<stockgirl> yes
<fran> nite mrj...good job
<gary fullett> he couldnt keep it
<stockgirl> the risk control was the problem
<Frank> besides Remences of a stock operator , are there any other books that give an idea how the markets work
<gary fullett> thank u mr j
<gary fullett> not like that
<gary fullett> market wizards is a great book
<stockgirl> schwager's book tell you how some of the great traders think, very valuable, i found
User [mrj] left forum on Thu Jun 08 22:45:54 EDT 2000
<Frank> that question is for u gary.
<stockgirl> yes, the market wizard books
<gary fullett> market wizards
<gary fullett> by schwageer
<stockgirl> frank, they're called "market wizards"
<stockgirl> and "new market wizards"
<stockgirl> by jack schwager
<Joe K> Gary are metals open for trade tonight ?
<gary fullett> YES
<Frank> read swangers books, thanks
<fran> nite all....be sure and water your grass gary...LOL
<Joe K> thanks
<gary fullett> gold up 60 cents
<gary fullett> silver up 1 /2 penny
<stockgirl> frank, schwager
<Joe K> Iyes
<Joe K> yes
User [fran] left forum on Thu Jun 08 22:47:40 EDT 2000
<stockgirl> nite everyone, thank you very much.
<Frank> nite all
<Joe K> Gary need to talk to you after this
<gary fullett> thank u all see u on Monday night
User [stockgirl] left forum on Thu Jun 08 22:48:10 EDT 2000
User [Frank] left forum on Thu Jun 08 22:48:10 EDT 2000
User [gary fullett] left forum on Thu Jun 08 22:48:15 EDT 2000