User [gary fullett /172.139.220.123] joined forum on Thu Jun 29 20:58:11 EDT 2000 neat. What's the weather like there? Hi Gary Hi gart western Kentucky User [mrj /209.16.79.244] joined forum on Thu Jun 29 20:58:30 EDT 2000 hi mrJ pretty country hi lmarsh gary capt good evening everyone welcome mrj how is everyone this evening great good, weather is great any questions? weather is all right here but tornato is just south of us yep User [Mary /206.72.35.46] joined forum on Thu Jun 29 21:01:24 EDT 2000 I'm not a typest so bear with me where are you capt beans moved 6 points? hi mary hi Mary hi everyone either am I a typist good evening mary Nov move 8 cents today This seems a little esoteric but lets see if I got it ok? User [frank /63.160.52.232] joined forum on Thu Jun 29 21:02:24 EDT 2000 correct,, hey frankl hi Frank hey mr j, marsh hi frank question capt? ice is previous support- If a market goes below support than rallies back it is breaking ice ice develops when a market breaks support of the bottom of a trading range because that is new resistance it is not jumping the creek User [Guest /204.119.225.119] joined forum on Thu Jun 29 21:04:12 EDT 2000 and then rallies back tosupport which is Now resistance because acreek is established jumping the creek is the opoosite of a breako of the ice I will explain u have a horizonatal trading range say 550 resisatnce in beans 500 support oin beans in wuth anew trading range that demostrates support the market trades between these 2 levels for lets say 3 months when the market goes above 550 and resistance after a buying or selling climax is that correct? with good volume and nice price action Hey I wasn't through okay finish sorry I am now User [Capt] left forum on Thu Jun 29 21:07:48 EDT 2000 so the market will generally gap above 550 User [Capt /24.93.31.47] joined forum on Thu Jun 29 21:07:52 EDT 2000 this gap is a jump over the creek whast happened I got bumped the resisatnce at 550 now becomes support this support is called the creek when the market breaks support at 500 thi support that is broken is Now resistance and is called ice so a rally above resisatnce beomes support and is called creek a break under support now becomes resistance and is called ice understand capt? and class yes y y I got bumped so I'll look at the log to make sure I got it thanks k please ask if u dont understand it is on the glossary yep u can call me or email me if that doesnt help that goes for anyone okay? : ) great k any questions on any markets or on wyckoff? I have a question about fills if you don't mind? Yep please ask mary reckon the beans & by products have hit bottom,......after mary's question. User [Joe K /172.135.113.39] joined forum on Thu Jun 29 21:15:25 EDT 2000 if a person put an order in before the market opened as we approach what we think might be the prelimanary supply Good Evening hi Joe and the market went through the price should the person be filled? k lmarsh please ask a question after mary it was in Dec corn yes generally should one trail his stops closer thus catching the major part of the move but at the CBOT they are not held on the opening in grains during summer time capt one sec please ok as that is went it went through thank you generally if the market is not too voliltile u should get a filled -> sure but at the cbot in grains they dont always honor User [Joe K] left forum on Thu Jun 29 21:20:03 EDT 2000 the opeing and closing lamrsh did u have a question? then capt lamrsh a question on grains? The beans,...do you agree they may be turning up for a whille? I want to talk about them tonight after the questions ok why do u say that? User [Joe K /172.135.113.39] joined forum on Thu Jun 29 21:21:31 EDT 2000 because they rallied for the past several days y topic ? ouestions right now q k thanks the may be having an autonmatic rally and this rally can take u to the 530 area in nove beans the basis in my area has been improving daily on beans ok,....thanks I think that they will probably rally with tomorrow so that may lead to a rally mary? I ti interesting because all this rain may lead to a hot dry summer it means the commericals are wanting beans big time and the weather forecasters may be right yes and the farmers are holding on to them July contract or aug mary? Aug I think Solid support has been defined, we have demand coming in, and moving towards 1st resitance at 500 basis Nov okay they are pricing off the Aug contract I think but it's for June/July delivery that the grains are pricing in ideal weather conditions and that a weather scare still will play out at least 1 more time it appears that lately the wheat beans spreads have been unwiinding so this may mean the Cm may be accumalting beans down here remeber what I said that the cm can mask his intentions by spreaaidng the margin is less and he can disquise his intntions by speading little margin requirements and can slowly mark up prices do u understand this on spreads by the cm? yes think so yes, starting to. very good stuff If the cm is bullish, why would he go about it slowly ? Gar: would you say monthly and weekly up trend line from 401 1/2 low of July 1999 has been broken? Gary, sorry he can have a alrger postion joek and mask his larger position ok, makes sense well i think the monthly chart still is okay and that the nov weekly is still in tack as long as 474 holds I think the grains may be in a large acumaltion phase and that this 120 range in beams may lead to a sharp rally on the daily it looks sick everyone is looking for 450 in beans so it probably wont get there :) I think that the wethaer premiumum is out of the markeyt it is interesting the low in beans last yr was about 400 and the crop was smaller why havent the beans gotten to that level now? if the crop is lrager? too early ? I dont know the answer don't know either I watch the action and to me if they think it will be a larger crop then the market should be lower than 400 that could happen but I think with the crb strong this means that the grains are bullish longer term and not bearish maybe I am wrong but that is the way i look at at I want totalk on a concept that I feel very important k it is the right contract to buy if u buy intraday or over a few days u can see this particular in the grains and the meats I have always said that u always buy the strongest and sell the weakest so if nov beans open up 5 cents higher and august opens up unchanged and u are bullish which month should u buy? nov aug anyone else? very interesting speculationnov nov why do u think aug capt? because there is a premium in Nov figured in the action will occur sooner in Aug the answer would be to buy Nov I will explain there is a reason that Nov opened up 5 cents higher than ag I dont care what that reason is but the fact the amrket tells me that someone is buying nov when july goes off the board is nov on the top step? so I want to ride that coatail I am not that proud that I wont do that I believe so mary so if aug beans rally 3 cents nov will probably rally 4 cents based on the strenghth that nov had over july I mean aug u want to buy the strongest if I was bearish beans I would sell aug User [amos /62.0.146.198] joined forum on Thu Jun 29 21:47:55 EDT 2000 instead of Nov hi amos new traders hi make that mistake and think that a "market will catch up" this is not generally true buy strenghth sell the wekest or buy the stronger of the 2 and sell the weaker of the 2 does this concept make sense? User [mrj] left forum on Thu Jun 29 21:49:25 EDT 2000 I took a counter postion for a good answer hehehe and I got it! gary if the market is truly bullish the front month will gain over the back makes sense yes generally correct good capt u are paying attention :) right now there is still weather premium in the Nov markets that are in bull phases generally will have the front month lead now knowing this, couldnt I just short the weakest, and buy the strongest, and come out slightly ahead, and be safer if Im bullish ? tthere is? over what month? it could work if u are bearish too Joek yes understood if they are spreading that way u can make money both when the market breaks and rallies I guess I was wrong in the beans, I was thinking corn had to go check prices I think nov is cheaper and corn is more expensive in the back months User [Guest /204.119.225.119] joined forum on Thu Jun 29 21:52:13 EDT 2000 amos comment on the grains? sorry, Had to walk away...I said last nite the nov beans acted well and the rally today was a continuatio n of the reaction to the double bottm at 4.72 I do not know what the volume was--but- I have a hunch we are in some kind of an AR. It is not classical--the vaious componenets are diverging--- and now that the first notice day is behind us we are in a new ball game. I am not going to short any of these! : ) isn't first notice day tomorrow? what other "various" components do you mean specifically ? Amos I mean the corn, the crush etc. k I think that from a WYckoff point of view the 6.14. is an interesting day. yes amry it is mary sorry the gap ? I said a few days ago that it may have been a PLS. If the cedline to 4.70 WAS indeed a selling climax... then we are in an ar. NOW if we go above the rally of the PLS--that will indicate strength. If we fail and go into a large trading range of accumulation--then we have a long period of sideways in front of us--- so the 5.05-5.08 area is curcial in the next few days... The high of 6.14 was 5.073/4 if I am not mistaken it was 5.03 in the Nov contract The trouble with this analysis is that I am using eSignal and it only shows nov volume. I do not know if this represents correctly the total volume. User [ohme /207.50.1.159] joined forum on Thu Jun 29 22:01:39 EDT 2000 hi ohme ok Hi everyone k amos... would be a buyer of the Nov beans or the aug? nothing like a confidential broker lol I only llook at nov and I cannot buy them here only to scalp intraday. User [ohme] left forum on Thu Jun 29 22:03:40 EDT 2000 I think today was the highest close of the cash crb ov the last year!!! k yes it was No, it was higher 5 days ago. I see that I satnd corrected Last Thursday. But we are closing the monthly chart like gangbusters and we are going to FLY next month. agree 227.08 5 days ago User [frank /63.160.52.232] joined forum on Thu Jun 29 22:06:50 EDT 2000 Amos targets ? above 230 we go to 235 I just hope ;the energy will take a rest and let some poor schmucks like us make some money inthe grains and metal YES except for beans what oher grains look good : ^) the meal loks the best to me User [Capt /24.93.31.47] joined forum on Thu Jun 29 22:10:41 EDT 2000 it is the most bullish grain Amos So then Crude strength isnt detremental to CRB strength, as much as others could be right now ? the energy strenghth is what the crb is rallying on thats what i thought if the grains rally the crb will fly this is why we think the grains will rally ok, thats what I've been fuzzy on because the crb is now in an uptrend and grains should support it NO, gary, if the crb will fly-- the grains may follow, there is a chicken and egg here! I know the crb is strong withut the grains but stronger with the grains rallying Yeah baby, getting deep ! what is crb? i'm getting lost It is the same as saying that if IBM will fly the dow will rise. It is the other way around (sometimes) if the DOw rises, there is a good chance that IBM will rise too!!! commodity research bueruea a basket of commodities ok The CRB is the DOW of the commodity market--same thing Gary just order me 1 of tonights transcrips :) free of charge of course fried? yes amos do u look at the goldman sachs index? Hold the lettuce Please continue & mayo User [wyatt /166.93.111.132] joined forum on Thu Jun 29 22:14:43 EDT 2000 good evening wyatt hi all sorry i'm late hi wyatt Frank, you said long ago that the CRB has to go to amos do u know th goldman sach index? no prob wyatt a certain point before you get bullish, what was that level? welcome aboard What i was asking , the other day, who carries weight in order of presidence in the CRB ? We got crossed here the GSCI is good too... Frank did you get my question? global strength commodity index ? Are you home? no joek it is like the crb but it is being watched more closely now The GSCI is too energy weighted to my taste im trying to keep up here Frank!!!!! me to and i know amos is trying to get an answer from frank -> HEY FRANK amos he may have forgotten SOme people get on and then go to play hooky with their wives FRANK !!!!! WAKE UP MAN !!!!! lol OOF you found me out amos amos what other markets do u see that are bullish that will support the CRB index? viagra lol ROFLMAO metals? Gary, if we were real mentchen we would have been doing a good crb analysis here all along and that means to look at the different sectors, their relative strengt, plot collective volume underneath each sectore..the I used to do it many years ago at Conti--but we get lazy and thus do not make as much money!!! User [wyatt /166.93.111.133] joined forum on Thu Jun 29 22:21:30 EDT 2000 Well the short and sweet version, would be fine here :) JoeK I have news to you---there is NO short and sweet version in this war!!! Overlay AOL dumped me :) amos what is your objective on the crb index? wyatt u fight back :) Fully understand where your coming from, but I want a basic grasping Who kows? I have not done a point and figure on this sucker for ages every day :) nite all My Lybrary card expired nite mary, good luck nite Mary night mary nite mary nite mary good night mary have a great day tmorrow User [Mary] left forum on Thu Jun 29 22:24:06 EDT 2000 well does anyone have any questions on the grains Well Gary and Amos, can we at least touch on the CRB in the future sessions yes next week we did for a while Sense you feel it may be exhibiting some very nice strength to come yet ? and I will send this chart next week Since Gary / Amos could you post or e-mail out a paper or papers of some analysis you may have done. Need not to be current, would like to see how you may put it all together. Your style. curious well yes lamrsh I can See We are fish, and we are biting, so quit teasing us lol and it will be current so we can benefit in the future You mean like Mikey from cafe is doing lmarsh? instead of hindsight would appreciate it very much me too I'm a hungry for larnen sorry have't been to mikeys in a while,....what's he doing? I will Larnen ? Irish fish ? Please remember folks that MOnday is the first trading day of the month and LInda raschke is haveing her open house--go and watch a pro in action I will post this on the site Learning in english amos can u talk about what she looks for in the s and p for direction? Got some Pro's right here ! lmarsh, Mikey is sending emails, nitely give the tools and i'll do my own thinking sorry guys Again, do not forget to watch LInda trading s and p on monday!! He is also having chats once a week I garee wyatt It is a short day in other commodities ok amos i remember u have a great mind use it to trade well short day in the s and P on Monday? amos what does linda watch intra day on the s and p what time frame chart? no, regular stock, short any other thing. The stock market is closing the month without the refular window dressing rally00this bodes ill !!!! what is the fourth of july holiday schedule? no markets open monday Hey frank you woke up!!! lol early closes for everything but the s and p :) I asked you Frank, what was the level of the CRB that you said will turn you on, remember? did not know u cared amos didn't she use trin, as an indicator linda y I pay attention to every word spoken here--do not get mislead by my poor humor i know u r smart amos Frank what level ? We are dying here :) jtm, got to check my charts cool OK, i will smoke while you are checking me too Help me out what is trin don't know think i said 230 or 236 wyatt, do not be mislead by this trin and tiki that she is using all the time---she is a consummate trader--- her mind, over the years, learnt to analyze and synthesize many factors. One day she will pay more attention to certain what time frame does she use amos/ 15 min 5 min? indicators, another to others. The important thing to learn is that she is very risk avers Oh God, just what I need Consummare ? then why does she talk about trin so much ? , here trades are very finely classified per risk per trade... e.g. a skirt trade risks 3 points, no matter what...she does NOT hope, she is cool and she makes money!!!!!!! this is rare ok She found trin to be useful, I guess. what else does she base trades on? time frame? I only saw her 3 times--- I have no idea what she does the other 362 days of the year agree she makes money, amos :) Wyckoff, momentum, Dennis, EMA etc. gotta go, hope all have a good Friday. nite She gets her signs from late breaking news :) User [lmarsh] left forum on Thu Jun 29 22:37:48 EDT 2000 okay nite lmarsh She is also VERY VERY disciplines!! Whats Dennis real quick ? has stops and objectives? Fat fag hey lol He wanted it real quick oh baby He is one of the world best traders that ever lived!!!! is the problem fat or fag amos? Full name ? I mjeant faq, frequentlyu asked question!! AMOS Rihcard k ok, thought so are there any other questions? about wyckoff or about markets/ FRank are you there? yes okay y thousands go ahead Frank 236 OK, Thanks! where was close today ? 226 96 low When do we meet next time Gary? So ya think next month we may see some "Fireworks" yes Next class will be on wednesday Gary did you talk to kelly about the enlarging of charts? OK We need to study it in class no class for the holiday amos u must be here on Monday why? there is a 4th of July in israel but u cant clebrate americas birthday Yes, we tried to go from 3rd to 5th directly but the rabbinate objected so u will be in class by ourself skipping days like skipping bail it closed at 224, aug crb I will see u all on Wednesday have a great holiday your chart is futures not cash, frank? Ok Gary User [gary fullett] left forum on Thu Jun 29 22:44:26 EDT 2000 y and how does it do the concatenation of contracts? User [Guest] left forum on Thu Jun 29 22:45:53 EDT 2000 Frank, can you do some work on the Crb and come up with some projections if the market goes above certain levels? i invented a new type of chart based on gann but using the charts of today that is fine no only observe amos what do you mean? the chart resistance points and the ratios with range using eights or tenths And can you make prediction with the chart? Look, if you do not want to share this--that is OK. dont like to make predictions but will give logical projections as to direction of trend and the movement potential could you do this for the CRB next week? i will c thank you,. On that note I am going back to bed, it is 5.54 a.m. here nite folks, good friday to you nih\ght amos User [amos] left forum on Thu Jun 29 22:53:15 EDT 2000