User [gary fullett /172.138.139.51] joined forum on Mon Jul 17 20:56:28 EDT 2000
User [Capt /24.93.31.193] joined forum on Mon Jul 17 20:58:08 EDT 2000
User [lmarsh /12.14.197.181] joined forum on Mon Jul 17 20:58:20 EDT 2000
<Capt> hi gary and lmarsh
<lmarsh> hello good people
<gary fullett> good evening i will be with u all in a few minutes i hve to place a few orders
<lmarsh> ok
<Capt> k
User [mrj /206.251.171.112] joined forum on Mon Jul 17 20:59:56 EDT 2000
<lmarsh> hey mrJ
<Capt> mrj Hey
<mrj> hello Gary, lmarsh, Capt
<Capt> mrj I wanted to tell you that I did follow your advice and go to the archives a couple of weeks ago as you suggested---Thanks
<mrj> takes some doing to get through just take is slow and easy :)
<gary fullett> good evening I am back
<gary fullett> I m sorry
<mrj> How's the deck coming along
<gary fullett> I want to point out a chart that was also pointed out today by someone who goes to class
<gary fullett> decking is done
<gary fullett> working on rails
<mrj> enjoy
<gary fullett> more work then I thought
<lmarsh> : )
<mrj> it's worth it
<gary fullett> I thought it would be a project that wuld be eaiser and more enjoyable
<gary fullett> the deck will be a nice place for my office when it is done :)
<gary fullett> or when i am bad
<mrj> you'll enjoy doing it more the next time :)
User [Zack /207.168.128.12] joined forum on Mon Jul 17 21:05:10 EDT 2000
<mrj> hi Zack
<gary fullett> the chart that I wanted to point out is the coper chart
<mrj> big move
<gary fullett> but I will be sending this chart tomorrow night
<gary fullett> yes accumaultion
<gary fullett> resistance at the 8550 area
<gary fullett> but we will go in detail tomorrow
<gary fullett> it is a nice wyckoff chart
<gary fullett> good evening zach and welcome
<gary fullett> please ask whatever question you like
<Zack> Hello all, Joe K sent me
<gary fullett> joe k sent u and he isnt here :)
<gary fullett> but that is okay you are welcome anytime
<mrj> he's at ino
<Capt> welcom Zack
<gary fullett> we are here Mon-thur
<gary fullett> at 8pm
<mrj> welcome zack
<Capt> centeral time
<lmarsh> hi Zack
<gary fullett> yes thank u Capt
<gary fullett> okay
<gary fullett> did u watch coffee?
<Capt> y
<mrj> y
<gary fullett> I mentioned this chart last week
<gary fullett> and I said that the 9000
<gary fullett> was good support
<gary fullett> that the market hd ice resisatnce
<gary fullett> at the 103 area
<gary fullett> and support at 90
<gary fullett> what I want to point out to you
<gary fullett> is that if u followed the News
<gary fullett> which we dont do
<gary fullett> it would have really chopped u up
<gary fullett> the Cm doesnt like company
<gary fullett> CM is composite man
<gary fullett> and he is the culmination of all the great minds
<gary fullett> the George Soros
<gary fullett> merriyl Lybch cargil
<gary fullett> ect..
<gary fullett> so he cause s this volitile
<gary fullett> range to make the bulls and bears lose money
<gary fullett> before he starts his campaign
<gary fullett> but if u follow support and resistance
<gary fullett> u should have never got out
<gary fullett> as u know I am bullish coffee
<gary fullett> and have been long options from the mid 80 area
<gary fullett> this is monthly support
<gary fullett> and the daily action showed support last Monday
User [Joe K /172.145.106.173] joined forum on Mon Jul 17 21:12:12 EDT 2000
<gary fullett> but once u see demand strenghth
<gary fullett> u just dont undo it
<mrj> hey joe
<Joe K> Hey everyone
<gary fullett> the stenghth in coffee
<gary fullett> last week
<Joe K> kept geting bumped
<gary fullett> was demand
User [wyatt /166.93.111.144] joined forum on Mon Jul 17 21:12:51 EDT 2000
<Joe K> topic ?
<gary fullett> and was a situation where the market looks like
<mrj> cofee
<mrj> hi wyatt
<Joe K> thanks
<gary fullett> it will begin an uptrend
<gary fullett> so watch this market it is a very volitile market
<gary fullett> ao please be careful with it
<gary fullett> do u have a question on coffee?
<Joe K> yes
<gary fullett> please ask
<Joe K> what did I miss
<wyatt> hi mrj , everyone..hope everyone had a great day !!
<Joe K> lol
<gary fullett> u missed the talk on coffee
<Joe K> Please move on, Im not wanting to hold anything up
<gary fullett> Joe how do u see cofffee?
<gary fullett> i am moving on
<Joe K> Bullish
<gary fullett> I was just asking if anyone had a question
<Joe K> Demand present
<gary fullett> oky I want to mentioned couple other markets
<gary fullett> I dont do this yesterday but these markets may moove tomorrow
<gary fullett> before I talk on them
<gary fullett> and I dont want u to miss a potiential moves if it happens before I talk about it
<gary fullett> then I would like to talk wyckoff
<gary fullett> withoput charts
<gary fullett> silver
<gary fullett> I believe has been undergoing accumaltion
<gary fullett> and if the market an get a close above 508
<gary fullett> I think the market will go to 532
<gary fullett> 523 that is
<lmarsh>
<gary fullett> the last 2 weeks high was 508
<gary fullett> so please watch this
<gary fullett> gold as well
<gary fullett> copper has reisatnce at 8550
<gary fullett> look for the market to get to this level
<gary fullett> if On light volume
<gary fullett> wait for a pullback
<gary fullett> it may jump over the creek not this time but soon
<gary fullett> this market has some nice accumaltion
<gary fullett> cotton has shown strenghth from support
<gary fullett> needs more cause
<gary fullett> to go much higher
<gary fullett> but this market shows demand
<lmarsh> agree cotton may be interesting later
<gary fullett> nice distribution in the energies to me
<gary fullett> I want to give u all asynopis on monday
<gary fullett> so we can track these markets
<gary fullett> that look wyckoffish to m
<gary fullett> to me
<gary fullett> I think On monday i will mention to u markets that look close okay>?
<gary fullett> yes lmarsh
<Capt> I like that!
<Joe K> great
<gary fullett> so on monday u will get what i think for the week
<Joe K> mondays previews
<gary fullett> and we can review the charts tus wed thur
<gary fullett> that way if a amrkets moves and we dont discuss it in class on tuesday
<gary fullett> u will know my thoughts
<gary fullett> but not all :)
<Capt> sounds like a good plan
<lmarsh> ok : ^)
<gary fullett> look for BC in sugar
<gary fullett> okay i want to mention grains
<gary fullett> very interesting charts
<gary fullett> did anyone watch them today?
<Capt> yes
<Joe K> beans
<Capt> like a hawk
<gary fullett> okay does anyone have a commnet on them
<gary fullett> before I mention them
<lmarsh> corn going to zero,......well maybe close to it??
User [Frank /63.160.52.179] joined forum on Mon Jul 17 21:23:32 EDT 2000
<mrj> Hey Frank
<lmarsh> hey Frank
<Capt> well you could call their actions the way you would call a race if you where a handicapper
<gary fullett> :)lol
<gary fullett> what does that mena
<gary fullett> Capt?
<gary fullett> mean?
<Frank> hi mr j
<Capt> we know that the cm isn't going to let this market get to far away from 450
<wyatt> hi Frank didn't see u come in looking at charts
<Frank> why capt
<Capt> every day he keeps bring it back to that area
<Frank> hi wyatt
<gary fullett> interesting thought maybe he is building cause to go much lower
<gary fullett> zach u may not understand now but I will help fill in the blanks okay?
<Capt> he is waiting for the next bit of news that he can use to make a large profit that is the way I call it
<Zack> O.K.
<Capt> either way we know that he is reading for somethng
<gary fullett> okay
<gary fullett> I thougt today was prety significant
<Capt> in what way?
<gary fullett> what has been lacking for a long time here?
<gary fullett> I will explain
<gary fullett> Demand right
<gary fullett> supply
<gary fullett> has shown up for 2 months
<gary fullett> it is demand that must prove itself
<gary fullett> correct?
<Capt> y
<lmarsh> y
<wyatt> agree
<gary fullett> okay
<gary fullett> this grinding lowe
<gary fullett> lower
<gary fullett> and this wear and tear on longs
<gary fullett> it pretty frustrating
<gary fullett> the funds get shorter
<gary fullett> ad the public can sell at any price and make money correct?
<lmarsh> yes, or looks that way
<gary fullett> they will continue to sell
<gary fullett> until something twll them to cover
<gary fullett> is there any piece of bullish news in the amrket?
<gary fullett> market'
<Capt> nope
<gary fullett> what is the ingreadient for a rally
<lmarsh> none
<gary fullett> negative action
<gary fullett> we have that indeed
<gary fullett> now as wemntiioned the 450 area
<gary fullett> was critical
<Frank>
<gary fullett> Mr J mentioned that 446 1/2
<mrj> a spring below 446 1/4
<gary fullett> was support
<gary fullett> I mentioned that we could get a sring to the 443-440 area
<gary fullett> spring
<gary fullett> the markets action to me
<gary fullett> is saying there are litle buyers
<gary fullett> and when the buyer back away
<gary fullett> the market preaks
<gary fullett> the market spent most of its day at lower
<gary fullett> levels
<gary fullett> the high today was 453
<gary fullett> the close was 448 1/2
<gary fullett> so a 5 cent rally ans we wioe away all the shorts who sold today
<gary fullett> correct?
<mrj> would you consider that there are few sellers as well
<Frank>
<gary fullett> good question Mr j
<gary fullett> I hink that the market doesnt really needs to many sellers for it to go lower
<mrj> agree
<gary fullett> a market will fall on its own weight
<gary fullett> and this market is bearish
<gary fullett> so if a buyer backs away the amrket breask 3 cents
<Capt> there is that gravity thing again
<gary fullett> but today the market to me fulfilled
<gary fullett> a level where everyone thought it would go
<gary fullett> 45o
<gary fullett> and they even went 7 centsuinder that
<gary fullett> so any stops under 450
<gary fullett> were taken out
<gary fullett> but it didnt seem cliamtic to me today
<Capt> So are we to look for the final shake out now?
<gary fullett> but if the CM sees
<gary fullett> that there arent willing sellers
<gary fullett> he will create Demand
<gary fullett> this will cause a massive sgort overing rally
<gary fullett> covering
<gary fullett> key areas
<gary fullett> 474 then 505
<gary fullett> but do u see what i mean by the lack of supply as well as the lack of demand?
<Frank>
<gary fullett> I would venture today tomorrow will be an up day
<gary fullett> the market did work at lower
<gary fullett> levels
<gary fullett> this market will not turn around untill there is demand present
<gary fullett> and so far not much dmand
<gary fullett> but my exp tells me that they are close
<gary fullett> most people think 400 is a give
<Capt> yes I haven't got my charts for today yet but if you watched the action today the lazy way the market retuned to the 448 area shows this
<gary fullett> and 160 corn as well
<gary fullett> correct capt
<mrj> the public buys on a rising market
<gary fullett> when u have targets like this generally they arnt hit
<gary fullett> that is correct
<gary fullett> and the CM buys a breaking or lower market
<gary fullett> so if the market trades above 453
<mrj> so we know whose been buying :)
<gary fullett> poeple who sold today will cover
<gary fullett> I think that is correct mr J
<gary fullett> so watch the market this week especially tomorrow for demand
<gary fullett> it may not happen but I think it is close
<lmarsh>
<wyatt>
<gary fullett> questions on any market I mentioned as well as the grains
<gary fullett> I will be sending this chart tomorrow
<gary fullett> k
<gary fullett> I want to talk on wyckoff abit as I mentioned before
<gary fullett> it is about trends
<lmarsh> ok,great
<gary fullett> listen to what I say
User [mrj /209.16.79.199] joined forum on Mon Jul 17 21:44:24 EDT 2000
<gary fullett> even though i am guilty of not doing hjat I say as well
<gary fullett> the trend is your friend
<Joe K> :)
<gary fullett> is an old adage
<wyatt> :)
<gary fullett> as u get olderinto trading
<gary fullett> u relaize thi
<gary fullett> this
<gary fullett> EVERY
<Capt> till the end:)
<gary fullett> trader
<gary fullett> makes the mistake of bucking the trend
<gary fullett> because most times u never know what the trend
<gary fullett> is
<gary fullett> becausae intraday
<gary fullett> could be different than daily
<gary fullett> could be differnt than weekly
<gary fullett> and weekly doiff rent from monthly
<gary fullett> so the time frame matters
<gary fullett> with trend
<gary fullett> underdstand?
<Capt> yes
<wyatt> y
<Zack> y
<gary fullett> k
<lmarsh> y
<gary fullett> so a great bear market could have sharply daily rallies or intraday rallies
<gary fullett> now some may say but gary when u buy a selling climax
<gary fullett> u r bucking the trend?
<gary fullett> I will go into this
<gary fullett> Wyckoff was a trend follower
<gary fullett> the cm accumaltes
<gary fullett> or distributes a postion
<gary fullett> long or short
<gary fullett> he buys breaks sells rallies
<gary fullett> when he has his position
<gary fullett> he makes a a campaign along with the "news:
<gary fullett> and then the funds
<gary fullett> then the public joins in
<gary fullett> so he buysin a down market
<gary fullett> and sells in an up market
<gary fullett> when the market has had it climax
<gary fullett> and not before
<gary fullett> as a net position
<gary fullett> let me clean this up
<gary fullett> lets take grains
<gary fullett> market is bearish
<gary fullett> the CM doesnt sell
<gary fullett> these breaks
<gary fullett> he already has a short postion
<gary fullett> from long ago
<gary fullett> it is very easy to buy a amrket when it is a bear market
<gary fullett> u get your price
<gary fullett> so when the market is ina downtrend
<gary fullett> supply overtakes
<gary fullett> demand
<gary fullett> the cm buys this break as he cover his short postion
<gary fullett> during the Selling climax
<gary fullett> he will buy his shorts back in
<gary fullett> then the marrket will have
<gary fullett> an automatic rally
<gary fullett> then a retest
<gary fullett> of the SC
<gary fullett> it is during the retest
<gary fullett> and during the subsequesnt trading range that the CM oges from a short postion
<gary fullett> to a long position
<gary fullett> understand?
<gary fullett> questions?
<lmarsh> i follow
<Capt> got ya
<gary fullett> okay during this trading range
<gary fullett> what is the trend of the market?
<wyatt> range....sideways
<lmarsh> sideways, but technically still a bear market?
<gary fullett> correct lmarsh
<Capt> Gary he must be using computers to keep track of all this correct?
<gary fullett> the range is sideways wyatt
<gary fullett> but techincally we havent made higher high
<gary fullett> so the tre nd is down like coffee
<wyatt> i get it :)
<gary fullett> I am sure he can afford computers :)
<gary fullett> wyatt u r right
<gary fullett> but lmarsh more correct:)
<gary fullett> so cofffee trend is down
<gary fullett> but to a wyckoff studnet
<gary fullett> the low 80's was monthly support
<gary fullett> the 'news: was bearish
<Frank>
<gary fullett> the SCoccurered
<gary fullett> SC
<gary fullett> then DEamdn took over
<gary fullett> this is the level the grains may soon be at
<gary fullett> the demand last week in cofffee
<gary fullett> lead to todays rally
<gary fullett> so TECHINICALLY
<gary fullett> the market is down in cofffee
<gary fullett> but I would be short as a wyckoff student
<gary fullett> wouldnt
<gary fullett> it may break but to me that is bucking the trend
<gary fullett> yet to most poeple the trend is still down !!!!!
<gary fullett> to a wyckoff student when u see demand
<gary fullett> after a SC
<gary fullett> the trend is up
<gary fullett> this works in all time frames
<gary fullett> so do u see whta I mena
<gary fullett> abiut differnt trends
<gary fullett> wyckoff foolowed
<gary fullett> trends but after a BC buyign aclimax
<gary fullett> or SC selling climax
<gary fullett> to wyckoff the trend changed
<gary fullett> it will go into a trading range
<gary fullett> and this trading range is builiding cause
<gary fullett> though tech bearish afer the SC
<gary fullett> to wyckoff vry bullish
<gary fullett> after accumaltion:)
<gary fullett> do u follow me about trend
<Capt> yes
<lmarsh> yes
<gary fullett> it may seem that I may buck a trend like coffe
<wyatt> y
<Joe K> y
<gary fullett> but actaully i saw soemthing that was wyckoffish
<gary fullett> not a word :)
<gary fullett> wyckoffish
<gary fullett> that is why I am very sensitive
<gary fullett> to demand
<gary fullett> like the Grains may be
<gary fullett> bearish news the market grudengly goes down
<gary fullett> the CM may see this and create demand
<Frank>
<Frank>
<Frank>
<mrj>
<gary fullett> does this make sense
<Capt> y
<gary fullett> it is unique to wyckoff i htinkk
<gary fullett> it alloows u to look at the amrket the way it should be
<gary fullett> with Demand supply
<gary fullett> strenghth and weakness
<gary fullett> every bucks the trend
<gary fullett> as I said please minimize this to u see a SC or BC
<gary fullett> or some demand
<gary fullett> or supplt come it
<Capt> Ying and Yang!
<gary fullett> it takes time and lost money to relieze this about trend
<gary fullett> I can say it preach it
<gary fullett> but u all will do the opposite
<gary fullett> how do i know I do after 20 yrs too as I said
<gary fullett> please minimize this as much as apossible
<gary fullett> until u see strenghth in a down amrket
<gary fullett> weakness in a up market
<gary fullett> coffee is an example of thei
<gary fullett> this
<gary fullett> as I said
<gary fullett> questions on trend
<gary fullett> we will go over many many examples
<Frank>
<gary fullett> qestions comments??
<Joe K> how can we see the length of a trend that has just turned like in coffee ?
<gary fullett> great
<lmarsh> good points, always good to reiterate(spell)
<gary fullett> I know u may think of trend as higher lows
<gary fullett> and higher highs
<gary fullett> and it is
<gary fullett> but ui can see trend change well before htis
<gary fullett> u have to look at monthly charts wekelies charts
User [Zack /207.168.128.12] joined forum on Mon Jul 17 22:08:07 EDT 2000
<gary fullett> to see how long or sustained the mve can be
<gary fullett> to me 120 in december as I mentioned last week is reasonable
<gary fullett> trend to a wyckoff student is differnt than most other people is my main point
<gary fullett> so what for cliamtic action
<gary fullett> if a sellling climax look for demand
<gary fullett> as that has to prove itself
<gary fullett> in an up market it is supply
<gary fullett> that must prove itself
<gary fullett> so look for a buying cliamx
<Zack> This is measured by volume?
<lmarsh> got to go, hope all have a good tuesday. thanks all,..nite
<gary fullett> night lamarsh
<gary fullett> yes zach
User [lmarsh] left forum on Mon Jul 17 22:10:22 EDT 2000
<gary fullett> by volume in part as wellas PRICE action
<gary fullett> both price action AND volume
<Zack> k
<gary fullett> good question
<Frank>
<Capt> Gary i am having a hard time with this volume thing...In that i have been led to understand that it is a day late so is the histogram on the bottom of the chart off by a day or do we just accept it as is?
<Capt> I understand how volume works just the data I question
<gary fullett> what do u mean u question the data?
<gary fullett> u can get a rough idea odf volume during the day by tick data
<Capt> well if the histogram isee today is from yesterday how do I resolve this?
<gary fullett> well to get accuarate volume yes u have to wait till the next day
<gary fullett> but u can get a rough guestimate on ticj volume intraday
<gary fullett> volume is relative to the area or time frame u look at it
<Capt> ok I can accept that just wanted to make sure I was on the right page
<gary fullett> okay great
<gary fullett> I can give u tick data intraday if u wish
<gary fullett> u can get this with real quotes
<Joe K> he thinks it doesnt correspond to the exact move maybe.
<Joe K>
<Joe K>
<Joe K>
<Joe K>
<Joe K>
<Joe K>
<Capt> I don't get that as I watch the day go by right now
<gary fullett> u can call the exchange
<gary fullett> after the close and they will give u estimated volume
<gary fullett> when on the floor
<gary fullett> u cansee estimated volume
<gary fullett> do u lmopw how estomated volume is calculated?
<gary fullett> know
<Capt> no
<gary fullett> wujld u like to know?
<gary fullett> anyone?
<Zack> y
<gary fullett> k
<gary fullett> every market
<Capt> yes
<gary fullett> has a minimum
<gary fullett> price tick
<gary fullett> in corn from 1/4 to 1/2 right?
<Capt> k
<gary fullett> like 210 1/4 then 210 1/2
<gary fullett> the exchange
<gary fullett> will assign a guestimated volume
<gary fullett> in corn it may be
<gary fullett> 2 k
<gary fullett> so if corn goes from 210 1/4 to 210 1/2
<wyatt> sorry guys. the thunderstorm is back, need to shut down, see you all tomorrow :)
<gary fullett> the volume is guesstimated at 2k
<gary fullett> if itgoes from 210 to 210 3/4
<gary fullett> that is another 2 k
User [wyatt] left forum on Mon Jul 17 22:20:23 EDT 2000
<gary fullett> then back to 210 1/2
<gary fullett> it is another 2k
<gary fullett> understand
<gary fullett> so we moved 3 ticks
<Capt> yes
<gary fullett> with 6 k in volume
<gary fullett> in bonds a min tick can be 10k
<gary fullett> in bellies it could be 20
<gary fullett> so every market is assigned a volume with a tick move
<gary fullett> that is how u can get a gustimated volume
<gary fullett> and it is close
<gary fullett> so when u see rapid ticks
<gary fullett> u can assume volume is heavy
<gary fullett> questions on volume?
<Capt> ok that helps
<gary fullett> good..
<Capt> would long bars on a 5 min chart give the same indication
<Zack> quote.com show a volume figure. Where does this come from?
<Joe K> gary so i keep adding these ticks up even in a 3 point range the volume keeps moving up ?
<gary fullett> to a degree yes
<Capt> k
<gary fullett> from tick volume zach i would imagine
<Joe K> as long as im going back and forth im counting or adding more ?
<gary fullett> yes Joe
<gary fullett> yep
<Joe K> k
<Joe K> cool
<gary fullett> i dont know quote .com
<gary fullett> if it is accuarate though zach
<gary fullett> it could be.
<mrj> gary: would you consider coffee's recent up move an AR? Why or why not?
<Zack> www.quote.com by Lycos. Run 30min delayed-free
<gary fullett> yes I would Mr j
<Joe K> so then I could look at the contracts, and roughly sub-divide the open interest
<Joe K>
<Joe K>
<mrj> why?
<gary fullett> I hink the market will consoldate and head hoigher
<gary fullett> market held support at 8300
<Joe K> you talking about AR today, or a few days ago ?
<gary fullett> this was the selling climax
<gary fullett> to me at support
<Joe K> a few days ago
<gary fullett> it was Joe
<Joe K> yes
<gary fullett> yes the move from 8300 to 103
<gary fullett> to me was the reaction from monthly support after the selling climax
<mrj> Where would you call Preliminary Support?
<gary fullett> so it qulifies as an AR
<gary fullett> June 30
<gary fullett> when the market went from 90 to, 8650
<mrj> what about june 21
<gary fullett> the SC was on july 7
<mrj> agree on SC
<mrj> note volume of 6-21
<gary fullett> yes supply came in on that day
<gary fullett> and closed on the low
<gary fullett> so I would say supply came in there but that could have been th saytrt of it
<Joe K> range now is 90 to 103, ICE at 94-96 and ICE at 103
<mrj> ok
<gary fullett> that area was about 90 as well
<gary fullett> 9300-8950
<gary fullett> so that area to me is whn the Cm get long
<gary fullett> sometimes
<gary fullett> the preliamry support may take place over a few days or a week
<gary fullett> the SC can take several days as well
<Frank>
<Frank>
<mrj> cover shorts and got long
<gary fullett> I think since coffee was so bearish
<gary fullett> the area
<gary fullett> from june 20 -the end of junes
<gary fullett> was an area the cm got long
<gary fullett> grains could take several days to cliamx as well
<gary fullett> ideally prelimary support happens in 1 dy
<gary fullett> SCone day
<gary fullett> but many times
<gary fullett> it will take
<gary fullett> several days
<gary fullett> good observation Mr J
<Zack> You mentioned Silver and Gold earlier. Could you touch on them a little?
<gary fullett> I like to touch silver and gold :)
<Joe K> Zack is a Metal Head ! :)
<Joe K> lol
<gary fullett> I think both are underaccumaultion
<gary fullett> bullish
<gary fullett> and need to seem demand
<gary fullett> and silver has resistance last 2weeks highs
<Zack> Yup, and an old fart too:)
<gary fullett> at th 508 level
<Joe K> just teasing Zack
<gary fullett> so if demand comes in and silver coses above 508 I think we can rally 15 cnts
<gary fullett> gold went to support at the 280 area
<gary fullett> and racted well
<Zack> I know Joe:);)
<gary fullett> so they couild go up too
<gary fullett> I will be sending this chart tomorrow night
<Joe K> Gary
<gary fullett> I wil be going over copper
<gary fullett> meatlas grains tomorrow
<Zack> Great. Thanks Gary
<Capt> niteGary
<gary fullett> I am telling u that metals look freindly to me and silver 508 is crtical to me
<Joe K> Zack didnt you tell me about Silver movement ?
<gary fullett> I hpe it help zach
<gary fullett> any other qquestins?
<mrj> Siver has made a nice triangle (non-Wyckoff) since it's 495 low
<Zack> Yes Joe. Gold looks to have better support at the moment though.
<Joe K> I think Zack was telling me something earlier
<Joe K> that Silver can spike up real quick and come down real quick
<gary fullett> sach i would agree with that
<Joe K> I didnt know
<Joe K> never traded it
<gary fullett> does that make u bullish or bearish mr J?
<Joe K> perhaps imediate stop tightening is needed
<gary fullett> zach sorry
<mrj> nither It's symmetrical so one doesn't know until it happens
<mrj> neither
<gary fullett> k thanx
<Joe K> im just wanting to know what to expect if its usually fast
<gary fullett> any other quetions?
<Joe K> yes
<mrj> volume has moved up though last few days of up move
<gary fullett> otherwise I willc all it a night and see u all tomorrow
<gary fullett> that may mean demand :)
<gary fullett> k joe
<mrj> y
<Joe K> Gary can we retrace to the 82 mark in coffee and still be accumulating ?
<mrj> good night everypone
<Frank> gn
<mrj> nitre Frank
User [Frank] left forum on Mon Jul 17 22:42:24 EDT 2000
<gary fullett> yes we can
User [mrj] left forum on Mon Jul 17 22:42:31 EDT 2000
User [Capt] left forum on Mon Jul 17 22:42:32 EDT 2000
<gary fullett> and it it ent to 82
<gary fullett> and held means more cuase more bullish
<Joe K> ok
<gary fullett> longer sdeways longer the move :)
<Joe K> what if it went lower
<gary fullett> poss spring
<Joe K> k
<gary fullett> i think the trend is up so i look to buy support
<gary fullett> k :)
<Joe K> :)
<gary fullett> zach it was nice meeting u
<gary fullett> I hope uwill join us again
<gary fullett> thank u
<gary fullett> have a great night all see u tomorrow :)
<Joe K> night gary
<Zack> Thanks for having me. And thanks Joe K for inviting me
<Joe K> anytime bud
<gary fullett> thanx good night
<gary fullett> u r elcome anytime
User [gary fullett] left forum on Mon Jul 17 22:44:44 EDT 2000