аЯрЁБс>ўџ ўџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџ§џџџўџџџўџџџ   !"#$%&'()*+,-./0123456789:;<=>ўџџџўџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџRoot Entryџџџџџџџџ РF dy0fмП?€WordDocumentџџџџџџџџ wCompObjџџџџџџџџџџџџnџџџџџџџџџџџџўџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџme very interesting information if u remeber there was a squezze in bean by an italin firm Ferruzzi well.. there is a GReat demand for july beans and the pit feels that they will squezze the july beans gainst the other month july beans is old crop and they think the spread can go out to 60 points which is 40 more cents from here!!!! as mary said Monday night it is unusal for this to be happening and she emiled me today emailed and mentioend to me that this leads to a bullsih move because of what they do to the old crop yes they feel a large nov crop but it could be a demand thong it will be interesting to watch the next month also as amos menioned about the SC and Ar at these levels it is interesting that the amrket can accumulate here market over the next 2-4 weeks give the market cause and begin a raly when july goes off the board this will be interesting to watch over the next month questions on this spread or on beans? amos do u have anything to add on beans? or that spread on the chart for sno/sx0 spread, it did a pullback 3 days ago, now it's just past the former high of 19pts, now @ 17.5 pts I am watching them intensively! oops 19pts should be 16 pts that is true lamrsh and u mentioend about enetring and they did pullback but not as much as I thought If I see volume off the bottom on the 60 min--I jump on the pullback, it went to the little gap, then resumed upward User [Joe K /172.145.205.51] joined forum on Wed Jun 21 21:33:55 EDT 2000 hi Joe didn't fill gap! : ) hi joe but does the market have any cause from here amos? hello everyone topic No, it will only be an AR bean spread ok, thanks okay so if one was to buy beans long term after the AR they should probably buy Nov yes okay questions on beans?> market needs to show demand again as supply has come into the amrket market and the market needs to show demand and needs to buold cause again and accumulate amos have u looked at the coffee chart? yes, today, I am salivating lol do u have an opinion? yes, if this is going to be a spring of 87.75 in the Sep--this could be a sharp rally. So, a rally above the 88 now is very promsing in the July contract? 88 level no , sep I looked back at the monthly chart today okay and the 5 yr low in coffee is about 80 cents so as amos mentioned this rally can be very sharp when it occurs... coffee is interesting market very often I noticed when it is about to have a large up move it will grind lower then break getting everyone bearish then ahve a very sharp rally of 30-40 points in this case I can see the 120 area in sept coffee by the end of this contract I have no idea how far the rally will go, But if this behavior is a washout--then I expect an ending action--and if it happens--it is a bone fide scalp on the long side prices are k-mart specials here red light at that ya, k-mart is a famous CM lol CM=Cofee Market right with venture hi gary hey gary good evening every one 1 minute please I'm long close stop at 16.39 okay i am back k,,,,,looks ok how is everyone tonight good good I wanted to speak on the grains tonight Hey gary, noticed on the right that we can communicate in different languges,.....is that correct?? something new what do u mean? Yiddish is not listed?? : ) I am not sure I know what u mean? look to your right under private and ignore Yiddish is a farbrentene lushen amos: huh? send in receive in see it Gary no i dont in my broken Yiddish it means it is a burnt language it says active forum under send in it says English ok I dont have that does anyone else have it? I do it's new gary, tonight was the first I've seen it wow then I should charge :) lol :) for many languages class free languguge translations 5 bucks you do have a light brigade may be useful in the future.? kelly says i need to hit refresh but it is there okay first any questions? bottom in grains?? again? I think the market needs to acccumalte at these levels before they can rally they market did alot of tech damage over the last month amos general comment on grains? I do not have a general comment, but I want to ttalk about the possibility of an ending action... we said that we may have had sort of PS last Wed--then are we haveing a selling climax? okay please speak on it We certainly do no have it on a daily--but we can have it dividied over several days, That well happen if we have a sharp rally in the next 2 days. I am waiting to see. tomorrow is 34 days of the decline in SX does the wek rally both u? weak I think that a rally above 5.03 will be a good sign Gary, everyone wants to buy this thing. The market has to be very knifing here. I have a hunch that the seemingly strong rally in wheat here is to confuse--but it is a signal i mentioned wheat over the past month being strong it was interesting in todays paper y it mention ed the July Nov spread We mentioned 4.85 last monday--so far so good. I can see another wash to 4.74.75... but I am wating to see an AR mainly I find it interesting everyone now want to be short that beans will have a record crop along with corn and that they are looking for 400-450 beans 180 corn a bout 6 weeks ago the world was talking drought now it is factoring Ideal conditions this is fundamnetal and I dont like to talk like thi this but what is important is the psychology and that has changed as amos said the wheat may be a sign or a tip off of what to come though doesnt wheat have a strong seasonal in July amos? didnt u mentioned that? yes maybe it started early I want to talk about that july nov spread if u dont mind ok I find out soe K> there are 2 things that will move this market I can tell u the news that they will use when the market rallies it will be Frost Frost or frost scares, and Drought and that the steal coffee bags thats it Very fundamental market all markets are technical Look for intial short covering before July 4th weekend Hey not Wyckoff, but coffee will rally on a fundamental why do americans drink coffee on independence day all Im saying it will be techincal and u will har fundamental news after the story well we dissagree there But what do I know Im a pup joe in that case all markets are fundamnetal there are lways fundamental "reasons and excuses and stories" but the tech picture will tell u Gary every move in coffee all those mountains are dated events Frost or drought i told u the monthly support is about 80 and I agree so your fundamantal reason will be delayed by the tecjh pic I thought it was 90 I undersatnd what u say so it shows ya how much I know weekly had support there 5 yr monthly support t 80 area Im glad you brought up that 5 year low, Im getting rusty wd 40 the low in Aug 1992 was 48.10 I looked at 95 yes was a bad few years I doiidnt look that long thank u Mr j If you look over 25 years Id venture to say support at 80 is a given 48 cents i should have loaded up on folgers yup I didnt last month so Im expecting a rally did last month i meant One thing too k I know its fundamental, but water deficits are lower than last year already in Brazil why is coffee at near daily lows? So we have frost and possibly drought concerns on the board because weather has let up not cold enough to worry about pushing it south yet User [lmarsh /12.14.197.186] joined forum on Wed Jun 21 21:55:52 EDT 2000 wb marsh oops bumped! k User [mrj] left forum on Wed Jun 21 21:56:48 EDT 2000 User [gja /209.16.79.120] joined forum on Wed Jun 21 21:57:12 EDT 2000 so User [gja] left forum on Wed Jun 21 21:57:29 EDT 2000 I think your fundamantal reasons will happen when the techs are in place but I do understand the fundamantals with coffee Ok this is the hard part about me understanding Wyckoff User [mrj /209.16.79.120] joined forum on Wed Jun 21 21:58:03 EDT 2000 wb mrJ Why would Demmand resurface ? it was my turn :) the CM sees a scenrio that will lead to higher prices so he creates demand Now that makes sense if they "see" what u said is "fundamental they will create Demand So thats why the technical will come before then ? right ? yes the CM will Buy A hard part for me, is to through everything I've learned out the window when the fundamantal news is the worse and focus on this But Im getting there yes u must u should understand the fundamentals but dont trade off of them I think thatyou are right here, and I understand what your saying I know what the fundamentals are for the ost part but i dont use them in trading ok how can u contraol weather? control u cant cant but u can look at a chart User [frank /63.160.52.180] joined forum on Wed Jun 21 22:02:36 EDT 2000 hey Frank hi Frank Amos are you getting in coffee or just drewling ? so u cant control weather how can u make a trade withut hi mr j. marsh waiting for a spring pieces of a puzzle missing k that u will NEVER know yes Gary your right u can know the fundamentals but please dont trade off of them if wyckoff is what u fell works u can SEE a chart U cant see weather So true so if the market psychology is neg and the Cms see those charts too and the techs are close to a bottom u can nibble they MAKE those charts yes all known factors are reflected in the only two indicators that truly matter---price and volume---ouir effort is to try to determine direction by learning how to read those two indicators yes Mr J thanks YES YES YES amos do u have a commnet on what Mr j said that is so very true I told ya, ya learn bad habbits like I have, its hard to start anew but Im seeing it the only thing that cannot be manipulated is volume. Price and patterns are manipulated...so onlhy the joe u will get there we will help correct "correct" that is, combination of the two--has validity. This and MACD Ok here we go again I thought Wyckoff doesnt use moving averages amos don't certain patterns indicate manipulation? no MACD is exponential Moving Average indicator why MACD? SOmetimes they do and sometimes they dont, Frank JOeK MACD is my stupid goke!!! ok cant the cm manipulate volume by using the cash market? sure why not amos? The number of contracts that are being bought or sold--are ACTUAL money invested in m manipuolating the market. It COST a lot of money to move the market!!!!! the price can be maniuplated by false news or anything else Richard dennis used to say that the easiest money is made overnite. He said: If want to move the bonds one point--I have to buy thusands of contracts during the day. If I have a piece of news--the bonds will move one point wiht ZERO contracts interesting Who was Richard Dennis ? Turtle the father of the ninjas one of the turtles ? lol Oh no ! Not the Turtles amos tell him who it is amos Are they still kicking butt ? Richard Dennis is one of the best traders that ever lived. Everything else is fag story You cant joke in here amos do u want to mention I'll take it serious what his trading thoery is?> oh,a liberachi? NO one knows. yes yes we do you only know what he gave to the turtles, not the way he actually trades Still alive ? very much so is he gay ? I think he is in mid 40 yes lives in chicaho lol a suburb actaully so was Leaonard Bernstein any good reading ? yes he is gay but trades well lol so is amos cohen YES Damn he is very happy Richard Dennis, unfortunately is one of those lucky ones that are did anyone see the action iin cocoa today? what you call a natural trader. He made money from the start. He has it. Most people do not ok very true y Any reading on him thats good ? Joe K. Great traders walk very quietly and carry big sticks... why do you think that a guy like should teach you freely how to make millions? joe would like that true he likes money like we all do Joe Loves Money I mentioend cocoa last night and that is went under the support at the sloping trend line and closed above it but it held the horizonatl support and rallied sharply did u see this today? y y y volume looks good, think it may jump the creek this week? poet : ) market acts well i believe this market will do what sugar did and have a nice rally to at last 10 in sept oj after its break out is still acting very well though i think it may retest the creek area and I believe that buy order should be there around the 8500-8600 agree, oj should test 95 soon cool any opinions on aug feeder cattle? The action "stopping volume" sure is difficult to determine in real time. feedeer cattle went to the top of the range last week has reistsance at that vel level But I think the trend is up it will depend alot on the grains though Frank You pick a difficult one Frnak, you testing us? marsh start figuring percentage of increase yes lamrsh it is takes exp no, just wonder what u thought , i think it is in distribution fixin to do a titanic titanic feeder cattle==tfc if grains rally it will frank lol if grains weaken feeders will rally got u gary grains are very dependent on grains I mena on feeders grains and feeder are opposite effects : ) high grain prices lower feeders agree Frank on distribution got to run for now, thankyou Gary and Amos and all the class, see ya tomorrow thank u Joek nite Joe ok joe, nite nite j why are u bearish feeders frank and mr J? User [Joe K] left forum on Wed Jun 21 22:29:01 EDT 2000 not bearish -- u said distribution so I thought u were bearish are there any other questions? silver and cotton silver im looking for a spring and cotton is into support any other questions/>? feeders did not push thru 8675, hung up at8660 and on hi volumn topped at 8655 today but it have nbeen higher for the past month there is also the making of an island reversal trenline in cotton is still intact, as well as being @ support 8560 support yes lamrsh a point about timing okay timing is important, please,..... and there was a 352% selling climax at 8660 on 6 -12 end of quarter/window dressing/ furth of july have a tendency, for whatever reason to mark chane of trends. Have no idea where, and what--but just keep in mind. Gary: Feeder cattle near its high of 91.07 of 3-91 yes I have that mr j thank u It's been in an uptrend since low of 46.15 of 4-96 weekly volume has devreased noticeably on up moves compared to down moves correct y note increase of volume on down move from 1-7 to 2-25 today is a closing price reversal note decrease of volume on up move of last few weeks It may of course still take a shot upward I don't see any kind of classical BC so I call it distribution :) I think inorder for it to distribute it will need to build cause here the move up over the last month has been constructive watch silver and cootton at these levels...... It's been in a range since Jan between 86 and 82 not enough cause I agree 100 prcent Mr j didn't mean to bug you :) giving it the 10 day test at this time been 6 to date any other questions? otherwise I think we can stop for tonight and get em tomorrow gn all Good night guys Gary do u live next door to Richard Dennis? User [amos] left forum on Wed Jun 21 22:48:56 EDT 2000 I will see u all tomoorow I know where he lives and I have worked with him User [mrj] left forum on Wed Jun 21 22:49:24 EDT 2000 caught the chernobly move d8id u figure him out? what do u mena? did what do u mean? did u figure out his trading style, did u learn any thing watching him I leaned alot I undersatnd what he does he buys breakouts gotta go folks, hope ya'll a profitable tommorrow,... nite & thanks nite marsh with his own system thanx lmash u too User [lmarsh] left forum on Wed Jun 21 22:51:58 EDT 2000 there are a lot of ways too buy breakouts I had too watch survivor tonight so was late k good nite have a good night see ya tomorrow User [gary fullett] left forum on Wed Jun 21 22:53:52 EDT 2000 WewМп§<G[’џ2WˆКсѕ 9u™НЩщXƒ™Лє>ћїѓяычуплзгЯЫЧУПЛЗГЏЋЇЃŸ›—“‹‡ƒ{wsokg]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c&>~’Жй . S š Щ ( ^ ˜ П  a } ­ з ы & , ƒ щ  : \ { † З 6hˆЪ?l ћїѓяычуплзгЯЫЧУПЛЗГЏЋЇЃŸ›—“‹‡ƒ{wsokg]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c& УѓMqВб@KqЃЙзу;^Ім#Agœн:V~ЅМ8fћїѓяычуплзгЯЫЧУПЛЗГЏЋЇЃŸ›—“‹‡ƒ{wsokg]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c&f”в`vБбћ9qІоќ€†­вGƒЬ#AQ“ЊИйыўSŠžТћїѓяычуплзгЯЫЧУПЛЗГЏЋЇЃŸ›—“‹‡ƒ{wsokg]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c&Тѓ%;nœКё EЃи§%]qžМ;_—Кдќ8 – О !T!Ž!Џ!Л!в!р!ќ!2"ћїѓяычуплзгЯЫЧУПЛЗГЏЋЇЃŸ›—“‹‡ƒ{wsokg]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c&2"‚"Ђ"Э"ћ" #,#U#”#д#$+$O$Ž$Ў$Щ$к$%c%“%к%ѓ%+&?&Š&І&Э&є&'@'Y'š'Џ'г'ё'(F(“(Ћ(ћїѓяычуплзгЯЫЧУПЛЗГЏЋЇЃŸ›—“‹‡ƒ{wsokg]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c&Ћ(н(щ( )2)X)n))н)*R*u*­*Й*++(+1+B+x+П+б+,,>,u,Е,ѕ,<-L-r-Š-Џ-ѓ-.I.p.Г.Ц.ћїѓяычуплзгЯЫЧУПЛЗГЏЋЇЃŸ›—“‹‡ƒ{wsokg]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c&Ц.м.є.E/{/•/В/Ь/0*0t0А0у0ю0101F1S1|1Х1е1ч1№1*2q2ˆ2Є2Ю2и2ў23g3–3З3й3щ34$4M4ћїѓяычуплзгЯЫЧУПЛЗГЏЋЇЃŸ›—“‹‡ƒ{wsokg]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c&M4€4œ4Т4Ю45Ё5А5Ы56)6u6Ž6ќ6-7u7Š7І7л78 8U8n8І8Ь8з89+9;9P9­9§9@:‹:є:H;N;W;k;ћїѓяычуплзгЯЫЧУПЛЗГЏЋЇЃŸ›—“‹‡ƒ{wsokg]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c]c&k;Œ;™;Й;ж;т;<.<T<Г<б<њ<=C=\=q=„==ю=>>,>K>o>{>œ>Н>и>??1?