User [gary fullett /172.135.221.93] joined forum on Thu Jun 15 20:56:47 EDT 2000 hi mr j hi Gary did u see the post by Lavona yes I had spoke to her awhile back and she told me about the materials it looks good Donald Mack told me he is thinking about re-publishing the original Wyckoff course From what he said, SMI is not the original really I would that right it isnt I would love to get the original I think that wouldbe great to see that's what I told him --that there would probably be a lot of interest who is don mack most people dont even know how to trade wyckoff they think volume is easy to know He lives in England and re-publish some of the classic I can send you his e-mail address if you like please do will do how do u know him? have a question on CR cash how did he get them? k I read about him found his e-mail and corresponded cool question He had a book store in this country and I believe is a collector of classics User [amos /62.0.146.139] joined forum on Thu Jun 15 21:03:34 EDT 2000 mr j tell amos about that David mack Did we have an upthrust 6-13 well i think the crb is still bullish and it was an upthrust on the recent highs but i think that the iptrend is very much in tack ok thanks it can suffer when crude falls k amos did u see the post by lavona? Amos Gary and I were talking about Donald Mack and do u know donald mack? Did not read post for a few days Mr. Mack publishes trading classis and is thinking about publishing the original Wyckoff course do not know donald mack User [WEREWOLF /172.154.101.172] joined forum on Thu Jun 15 21:06:23 EDT 2000 do u know donald mack He lives in Englan now original wyckoff materials on his course England u spell like me :) :) He will have to contend with SMI won't he? although, it may have passed the 70 year law. who was the guy that lavona mentioned was it mack? don't know from what he said SMI is not original it is from 1936 course smi course isnt the original amos He will still have to answer all the correspondence. no some 85 year old selling his library I do not think the original will necessarily be better? what do u mean amos>? from what Lavonna told me, no family member is interested so mack has the original and the other guy has wyckoff material? User [wyatt /166.93.111.150] joined forum on Thu Jun 15 21:09:29 EDT 2000 In the same way that I had to work rather hard to adopt the course to commodities, continuation charts, gaps, etc.... I cant believe that that no family member would want it hey wyatt Hi Wyatt I think that the technological advances of the last 70 years may have to be included in order to adapt the material to present time... so the original may be a bit arcaine. Hi every one so u dont think the original will help? User [lmarsh /12.14.197.186] joined forum on Thu Jun 15 21:11:14 EDT 2000 IN terms of simplicity of ideas and basic concept--could not hurt hey lmarsh hello mr j, everyone hey lmarsh Hi lmarsh talking about original wyckoff stuff from the 1930's it was posted by lavona did smi change the original around i wonder ? ok, will look @ post me too !! User [wyatt] left forum on Thu Jun 15 21:13:57 EDT 2000 let me know what u find out lease mr j will do mr j if u email me your adress I will sent u that subsription the free one from last night riskybiz99@aol.com didn't get around to it today She didn't give an adress for Mr. Davis? is there a website? will make it a special project for tomorrow :) k User [wyatt /166.93.111.150] joined forum on Thu Jun 15 21:15:40 EDT 2000 not sure on the website address he is 85 yrs old so I would doubt that he has a web site ok, it has a postal address k amos any feeling on the grain action There is monthly uptrend line in the beans; double bottom in corn. beyond that--- did not look too deep k any other markets that look interesting to u currrently or a topic that u would like to discuss your coffee comment was interesting...double bottom. the yen is very temptin. gold is good otherwise I can... yen? coffee has a tendency to grind lower before it springs what did u see on the yen? The cas above 107.50 will form a bullish behavior cash k I want to talk about a market that seems to me very bullish silver silver after testing the 493 area rallied back to the 517 area then retraced to support at the 503 above the creek formed at the 500-503 area I think that if the market gets above 523 area the market can go along way there is a low risk trade in silver that was executed by some clients of mine todat the 525-550 call spread this spread was at 250 risk reward 1000 4 to 1 sept calls I dont usually give specifics but this seemed interesting totoal risk 250 dollars It's interesting, thanks for bringing it to our attention. I mention it because of the low risk decent reward and it fit risk management of 4 to 1 gold has shown some stenghth as amos mentioned and I think that this will continue amosI think the target in silver is over 550 amos have u looked at silver? I am looking now and tfc charts show a wierd decline in o.i. I do not understand.. i wonder what contract they are looking at.... sept is becoming the lead month it seems as a range for the last11 weeks bet 490 and 520... july goes into delievery 2 weeks yes that range can't say anything because the volume is incorrect on that chart. I thought above 523 amos, have you tried the java charts @ tradesignals? no. url? ww.tradesignals.com www, sorry I want to mention something else while we were talking baout spreads last night it is the july crude-aug crude chart on the monthly, price has narrowed considerably since March am looking I will discuss after amos looks at the chart 231,336 for March, 318,752 for April, 216,938 for May, 140,625 for June (so far) would seem to have strong support at 485 low of 6-99 User [amos] left forum on Thu Jun 15 21:35:22 EDT 2000 gary ,...the july / nov bean spread moved another 1 1/4 + yeas 490 is strong support u have 485 that is a decent area as well User [Joe K /172.154.101.172] joined forum on Thu Jun 15 21:36:11 EDT 2000 485 is what I have for low of June 1999 hi ya Joe hi joe k k hey marsh, mr J everybody hi joe k i was refering to the recent low of 491 on the daily k i think silver is on the spring board I think that it will take over leader ship agree over gold though gold looks good I think that when silver moves it will dwarf gold Joe I was mentiong to class that there is a cheap call spread in silver for 250 -300 dollasr the 491 low of 6/01 was a spring correct? u can buy the sept 525 calls and sell the sept 550 calss 525 550 calls riski is limited to the amount of premimum for the spread reward is about 1000 4 to 1 yes class yes sir excellent idea 3 to 1 User [mrj] left forum on Thu Jun 15 21:39:05 EDT 2000 is good risk to reward 4 to 1 better User [mrj /206.251.171.187] joined forum on Thu Jun 15 21:39:17 EDT 2000 thanks gary when silver moves it moves not a bad idea good observation marsh well it was a retest of that area yes I would say a spring k :) and the options havent moved up in price are fills easy in silver because volitilty is low User [amos /62.0.147.217] joined forum on Thu Jun 15 21:41:00 EDT 2000 wb amos,..... that tradesignal killed me completely what do u mean amos? It froze my system= had to reboot k silver what did u gather? not even a sliver I think that silver is a weaker sister to gold now..that is usually a good sign when gold is leading.. But the whole complex is still bound by some resistance.. On the other hand we cannot forget that palladium and platinum--the cheap sisters are in a world of their own. I have an annoucement I know we dont follow nes news ok Copper looks decent but it is affecting the grains 30 and 90 day weather forecast came out yes mrj copper looking decent Hotter and drier should be very supportive to grains I think copper can go to 90 it is interesting that the market had this news on support hmm lol the markets go rolling along I am serious all higher now interesting if they will try to sell them tomorrow bfore the weekend or maybe they will short cover :) amos any opinion on the stck market? I think so the nasdaq is at the top of its range here User [chump /169.207.106.22] joined forum on Thu Jun 15 21:51:44 EDT 2000 okay I would like to talk about a spread that i feel is very interesting to watch I have a thoery if u want to listen about the energies ok the fed wants the economy to slow dow down yep so they raise rates right? y well what iin this country wont peole tolerate high gas prices it affects everything people who plan a vaction wont travel if on a budget they wont go from store to store looking for bargins airline tickets increase everything related to travel will increase fed ex ect with me so far ? yes k also groceries & everything will do as well,go up so they will keep prices high thru summer yep everything gets trucked this is beoing manipulated so poeple spend LESS thus slowing the economy down rightr the governement is doing this NOT OPEC right if the Fed was worried the fed would relaes gas from the reserves release but they havent User [Joe K /172.154.97.146] joined forum on Thu Jun 15 21:57:54 EDT 2000 they did so during the war looks bad for the incumbant party too.? and gas prices were lower so long July crude short aug or short seot I trhink will work like a charm User [mrj] left forum on Thu Jun 15 21:58:28 EDT 2000 risk though because of volituty I think July will be the last month in crude that the market will hold up and by nest month gas falls they can use the nes news to thier advantage the CM I agree by knowing that driving season is with us so poeple are "expected" to be higher so they can keep prices high they will break the market at the peak driving season in July in my opinion and it will fall when? before the :election User [mrj /206.251.171.187] joined forum on Thu Jun 15 22:00:36 EDT 2000 wb mrj so into the election it will be an issue tks to hurt gore Gary, any change in views on Natural gas ? if prices stay up nope jok so they will fall before the election july was up 20 today aug down 20 Interesting huh>? market manipulation but they can have the "news " on their side the CM while they distribute in this case they can use juilt to Buy and the back monthhs to sell and makie a killing both wways on the spread much lower level of volume for last four days on unleaded mrJ? NG ok thanks watch the july aug and backs months on the spread I may be wrong but I dont think so :) it is too logical though :) questions ? make sense? yes, yes great any questions on spreads that u may have spreads chart like yes regular markets I want to mention somehting else go ahead I think markets volumes are lower as we go into the summer what would the margin be on a gasoline spread? this to me means that we will be getting more springs and upthursts this will happen on a daily basis weekly monthly and even intrad day it was a class ic example today in the nasdaq i would think about 400 bucks lmarsh i just checked 540 with lighter volume mrkets get thinner and with thinner markets u get more springs and upthrustd due to markets being manipulated also if u look at 50 percent tretracements retracements this was wyckoff favoites so watch for 50 percent retracement questions? good points sometimes markets are logical they are very good points !! but hard to trade sometimes u must watch the whole forest Gary ? just not the trees yes lol: )) Another market i feel is argueing stronger for a good short Pork puppies still too early / ? they have a report tomorrow wait for a retest to 9100 to 9300 if u have an idea about a trade u should look at the whole picture as I mentioend yesterday wyckoff is unique realtive to other ways to look at markets with wyckoff u buy support sell resisatnce so if u sell resisatnce your reward should be almost immediate it is isnt u r prob wrong and should get out with other ways to look at a amrket u are buying strenghth or sell weaknes that is fine but it may take several days when u buy strenghth for the market to move up it may base for a few days does that make sense? dont fight the tape volume and price action markets if bullish should rally on heavier volume and wider price action and vice versa on declines does this make sense do u undersatnd what I mean aboutr wyckoff yes y yes good this is very important to understand wyckoff that u see the charts