02/03/2003 21:00:50 EST   User [gary fullett] joined forum from 172.166.203.252 02/03/2003 21:00:56 EST   hi gary 02/03/2003 21:01:02 EST   hi gary, mm 02/03/2003 21:01:06 EST   Hi Kent and cd - i think pullback some after retest of daily high 02/03/2003 21:01:18 EST   good evening 02/03/2003 21:01:21 EST   User [dca] joined forum from 68.147.168.38 02/03/2003 21:01:26 EST   Hi Gary and dca 02/03/2003 21:01:33 EST   hi all 02/03/2003 21:01:34 EST   hi gary 02/03/2003 21:01:41 EST   hi dca 02/03/2003 21:01:58 EST   how is everyone tonight? 02/03/2003 21:02:05 EST   well thanks 02/03/2003 21:02:10 EST   so far, so good 02/03/2003 21:02:11 EST   02/03/2003 21:02:12 EST   ok 02/03/2003 21:02:49 EST   wasn't suppose to be private 02/03/2003 21:03:08 EST   we will begin in a few minutes 02/03/2003 21:03:17 EST   I am on a dial up tonight 02/03/2003 21:03:23 EST   so it may a[ppear slower 02/03/2003 21:03:31 EST   User [Ron] joined forum from 165.121.229.202 02/03/2003 21:03:37 EST   typing is the same lol 02/03/2003 21:03:38 EST   hi ron 02/03/2003 21:03:43 EST   lol 02/03/2003 21:03:43 EST   Hi Ron, you beginner, too 02/03/2003 21:03:47 EST   User [kris] joined forum from 64.229.139.161 02/03/2003 21:03:54 EST   hi kris 02/03/2003 21:03:55 EST   Hi MM and all of us beginners 02/03/2003 21:04:00 EST   hi ron, kris 02/03/2003 21:04:01 EST   Hi Kris! 02/03/2003 21:04:06 EST   good evening all. 02/03/2003 21:04:08 EST   hey kris 02/03/2003 21:04:18 EST   Hi Kent, cd and all 02/03/2003 21:04:31 EST   User [bernie] joined forum from 4.64.4.83 02/03/2003 21:04:39 EST   okay 02/03/2003 21:04:41 EST   Hello bernie! 02/03/2003 21:04:44 EST   lets begin 02/03/2003 21:04:49 EST   hi bernie 02/03/2003 21:04:50 EST   first any questions? 02/03/2003 21:04:51 EST   hello everyone 02/03/2003 21:05:03 EST   okay 02/03/2003 21:05:10 EST   does anyone know the topic? 02/03/2003 21:05:15 EST   i mentioned it last week 02/03/2003 21:05:22 EST   ? 02/03/2003 21:05:25 EST   price/volume 02/03/2003 21:05:25 EST   Risk 02/03/2003 21:05:26 EST   reward & risk 02/03/2003 21:05:27 EST   ? 02/03/2003 21:05:33 EST   wyckoff 101 02/03/2003 21:05:37 EST   lol 02/03/2003 21:05:41 EST   tr 02/03/2003 21:05:45 EST   support ressiatnce and trading ranges 02/03/2003 21:05:46 EST   right 02/03/2003 21:05:47 EST   reactions 02/03/2003 21:05:52 EST   Support and resistance, { S&R} 02/03/2003 21:05:54 EST   okay lets begin 02/03/2003 21:05:58 EST   :) 02/03/2003 21:06:00 EST   wyckoff is unique 02/03/2003 21:06:15 EST   as it judges support and resiatnce a tad difernt than most 02/03/2003 21:06:31 EST   have any of you used slpoing trend lines? 02/03/2003 21:06:39 EST   y 02/03/2003 21:06:41 EST   y 02/03/2003 21:06:42 EST   ? 02/03/2003 21:06:42 EST   y 02/03/2003 21:06:43 EST   y 02/03/2003 21:06:52 EST   those of u that have what do they represent? 02/03/2003 21:06:53 EST   y 02/03/2003 21:07:01 EST   show trend 02/03/2003 21:07:06 EST   trend 02/03/2003 21:07:09 EST   y 02/03/2003 21:07:12 EST   thats correct 02/03/2003 21:07:12 EST   the trend 02/03/2003 21:07:17 EST   trend 02/03/2003 21:07:26 EST   was that a loaded ? 02/03/2003 21:07:32 EST   nope 02/03/2003 21:07:42 EST   has any one u used horizontal trend lines? 02/03/2003 21:07:48 EST   y 02/03/2003 21:07:52 EST   before wyckoff days 02/03/2003 21:07:52 EST   yes 02/03/2003 21:07:55 EST   n 02/03/2003 21:07:57 EST   no 02/03/2003 21:08:00 EST   what do they represent 02/03/2003 21:08:03 EST   common numbers 02/03/2003 21:08:05 EST   s/r 02/03/2003 21:08:08 EST   s&p 02/03/2003 21:08:09 EST   res, supp 02/03/2003 21:08:12 EST   s and r 02/03/2003 21:08:16 EST   s&r 02/03/2003 21:08:18 EST   s/r 02/03/2003 21:08:28 EST   User [gary fullett] left forum. 02/03/2003 21:08:36 EST   Bye Gary 02/03/2003 21:08:42 EST   hmmmm 02/03/2003 21:08:44 EST   got to dial in again 02/03/2003 21:08:58 EST   didn't like our answers? 02/03/2003 21:09:03 EST   lol 02/03/2003 21:09:04 EST   :) 02/03/2003 21:09:04 EST   User [beaubc] joined forum from 209.53.125.31 02/03/2003 21:09:07 EST   i guess not 02/03/2003 21:09:09 EST   User [Zack] joined forum from 63.164.167.50 02/03/2003 21:09:11 EST   Hi Beau 02/03/2003 21:09:16 EST   Hi folks 02/03/2003 21:09:16 EST   User [Guest] left forum. 02/03/2003 21:09:16 EST   hello everyone 02/03/2003 21:09:17 EST   Hi Zack 02/03/2003 21:09:25 EST   hi zack, beau 02/03/2003 21:09:29 EST   hi mm 02/03/2003 21:09:30 EST   hi beau 02/03/2003 21:09:32 EST   hid zack, beau 02/03/2003 21:09:34 EST   User [sid] joined forum from 66.182.17.79 02/03/2003 21:09:35 EST   hi bc 02/03/2003 21:09:36 EST   hi zack 02/03/2003 21:09:39 EST   User [gary fullett] joined forum from 172.145.151.12 02/03/2003 21:09:40 EST   Hi ZAck; you a beginnwer too? :):) 02/03/2003 21:09:44 EST   hi zack 02/03/2003 21:09:45 EST   Hello Zack! - class of beginners going to get full! huh, zack! lol 02/03/2003 21:09:46 EST   wb gary 02/03/2003 21:09:57 EST   I am on a dial up 02/03/2003 21:10:06 EST   hi sid 02/03/2003 21:10:07 EST   Hi Sid! 02/03/2003 21:10:07 EST   hi gary 02/03/2003 21:10:09 EST   so when i get a call it cuts us off 02/03/2003 21:10:11 EST   sorry 02/03/2003 21:10:13 EST   User [greg] joined forum from 206.58.228.112 02/03/2003 21:10:20 EST   okay 02/03/2003 21:10:24 EST   hi guys, i made it :) 02/03/2003 21:10:25 EST   Another beginner - Hi Greg! 02/03/2003 21:10:29 EST   rut roe 02/03/2003 21:10:31 EST   User [Brice] joined forum from 68.3.197.49 02/03/2003 21:10:38 EST   so doesnt slpoing trend lines tell u support or resiatnce? 02/03/2003 21:10:42 EST   hi greg, brice 02/03/2003 21:10:46 EST   User [len] joined forum from 66.142.197.101 02/03/2003 21:10:47 EST   y 02/03/2003 21:10:52 EST   yes 02/03/2003 21:10:52 EST   hi 02/03/2003 21:10:55 EST   sometimes? 02/03/2003 21:11:01 EST   n 02/03/2003 21:11:31 EST   resistance , gary 02/03/2003 21:11:34 EST   y but noy in TR 02/03/2003 21:11:37 EST   how does ut tell u support resiatnce? 02/03/2003 21:11:43 EST   lots of time market will respect tl 02/03/2003 21:12:18 EST   when price exceeds it or crosses it? 02/03/2003 21:12:23 EST   an area where demand is over coming supply and visa vera 02/03/2003 21:12:39 EST   okay 02/03/2003 21:12:43 EST   like channel lines 02/03/2003 21:12:51 EST   sloping lines are for trend 02/03/2003 21:12:53 EST   that si correct 02/03/2003 21:13:02 EST   horizontal lines 02/03/2003 21:13:23 EST   to wyckoff are to show demand Buying 02/03/2003 21:13:33 EST   and resiatnce supply 02/03/2003 21:13:35 EST   I was having trouble figuring out what sipoing was (sloping!!) 02/03/2003 21:13:44 EST   lol 02/03/2003 21:14:09 EST   lol dca 02/03/2003 21:14:46 EST   Thought maybe to do with Japanese candlesticks lol 02/03/2003 21:15:11 EST   i dont see anyone here spell it like that 02/03/2003 21:15:25 EST   lol 02/03/2003 21:15:26 EST   it was slpoing 02/03/2003 21:15:29 EST   not si 02/03/2003 21:15:32 EST   but anyway 02/03/2003 21:15:33 EST   LOL 02/03/2003 21:15:45 EST   lol 02/03/2003 21:15:47 EST   support to wyckoff is an area 02/03/2003 21:15:56 EST   where demand ( buying ) will surface 02/03/2003 21:16:21 EST   and supply ( selling ) is at the area of ressitance 02/03/2003 21:16:30 EST   so the cm is always probing for direction 02/03/2003 21:16:37 EST   to see where the buying and selling will occur 02/03/2003 21:17:09 EST   after a market has a bC or SC remember from alst week those terms? 02/03/2003 21:17:11 EST   last 02/03/2003 21:17:17 EST   y 02/03/2003 21:17:19 EST   y 02/03/2003 21:17:19 EST   y 02/03/2003 21:17:22 EST   y 02/03/2003 21:17:26 EST   y 02/03/2003 21:17:29 EST   the market will then after a reaction have a retest 02/03/2003 21:17:34 EST   after this retest 02/03/2003 21:17:45 EST   the market will go into a trading range ( Tr) 02/03/2003 21:17:54 EST   it is during this trading range 02/03/2003 21:18:01 EST   User [bernie] left forum. 02/03/2003 21:18:02 EST   that preparation or cause will take place 02/03/2003 21:18:16 EST   in case of the trading range after a BC 02/03/2003 21:18:25 EST   this TR is distribtion 02/03/2003 21:18:32 EST   ( seling on balance) by the cm 02/03/2003 21:18:37 EST   in the case of a SC 02/03/2003 21:18:43 EST   the tr that occurs after this 02/03/2003 21:18:50 EST   is called accumulation 02/03/2003 21:18:56 EST   questions so far? 02/03/2003 21:19:00 EST   n 02/03/2003 21:19:06 EST   n 02/03/2003 21:19:07 EST   what does selling on balance mean? 02/03/2003 21:19:07 EST   n 02/03/2003 21:19:10 EST   do u all understand ? 02/03/2003 21:19:14 EST   y 02/03/2003 21:19:19 EST   lets say a cm sells 100 contracts 02/03/2003 21:19:22 EST   and buys 50 02/03/2003 21:19:29 EST   buys 2, sells 4 02/03/2003 21:19:30 EST   TR could b redist or reaccum? 02/03/2003 21:19:30 EST   on balance or net he is short 50 contracts 02/03/2003 21:19:40 EST   correct sid 02/03/2003 21:19:41 EST   ok 02/03/2003 21:19:47 EST   ty 02/03/2003 21:19:56 EST   it depends on where it is after the BC or SC 02/03/2003 21:20:44 EST   k 02/03/2003 21:20:49 EST   why does markets go into a trading range? 02/03/2003 21:20:56 EST   are both distribution and accumulation building cause? 02/03/2003 21:21:04 EST   to build cause 02/03/2003 21:21:12 EST   y 02/03/2003 21:21:14 EST   for cm to put on positions of longs or shorts 02/03/2003 21:21:21 EST   to build cause, the platform for cm campaign 02/03/2003 21:21:46 EST   balance between supply and demand 02/03/2003 21:21:47 EST   prior to markup or markdown 02/03/2003 21:22:00 EST   to wait for news 02/03/2003 21:22:20 EST   yes dick 02/03/2003 21:22:31 EST   all are correct very good 02/03/2003 21:23:23 EST   good 02/03/2003 21:23:35 EST   how long will the market stay in a TR? 02/03/2003 21:23:54 EST   until the cm is ready 02/03/2003 21:23:58 EST   until news 02/03/2003 21:23:59 EST   until demand exceeds supply or vice versa 02/03/2003 21:24:04 EST   for markup or markdown 02/03/2003 21:24:05 EST   varies 02/03/2003 21:24:10 EST   long enough to sustain rally or break 02/03/2003 21:24:24 EST   i go with dca 02/03/2003 21:24:33 EST   " 02/03/2003 21:25:37 EST   beaubc is right :) 02/03/2003 21:25:42 EST   until news 02/03/2003 21:25:46 EST   the cm will keep the market in a TR 02/03/2003 21:25:53 EST   until the "news " 02/03/2003 21:26:06 EST   oh!oh! 02/03/2003 21:26:06 EST   will move it out of this the TR 02/03/2003 21:26:31 EST   if the "news" doesnt waraant the market to move out of the TR 02/03/2003 21:26:39 EST   it will stay in that TR 02/03/2003 21:26:49 EST   funds and specs wont take a large postion 02/03/2003 21:26:51 EST   sounds like an excuse 02/03/2003 21:26:54 EST   untill it begins to trend 02/03/2003 21:26:56 EST   02/03/2003 21:26:56 EST   dont you sometimes get a breakout on just stop running? 02/03/2003 21:27:51 EST   I will get to that dick 02/03/2003 21:28:04 EST   so the cm may accumulate a postion 02/03/2003 21:28:12 EST   you mean higher lower and higher highs in accumulation 02/03/2003 21:28:17 EST   and the market will stay sideways 02/03/2003 21:28:21 EST   no MM 02/03/2003 21:28:34 EST   the news is mixed within a TR 02/03/2003 21:28:41 EST   some bearidh news some bullish news 02/03/2003 21:28:50 EST   I am talking about accumaltion first 02/03/2003 21:29:09 EST   the best example now is the grains 02/03/2003 21:29:29 EST   last yr is more pertinenet 02/03/2003 21:29:44 EST   the market goes sideways why? 02/03/2003 21:29:57 EST   because the "news" didnt warrnamt a run up 02/03/2003 21:29:57 EST   no news 02/03/2003 21:29:58 EST   to build cause and let cm accumulate 02/03/2003 21:30:07 EST   and the news support pricees as well 02/03/2003 21:30:18 EST   because the news is mixed and to build cause 02/03/2003 21:30:19 EST   so as long as there is no news to take it out of the range 02/03/2003 21:30:23 EST   the market will sit there 02/03/2003 21:30:32 EST   it can sit there for days weekks months yrs 02/03/2003 21:30:43 EST   so since there is little news to move it out of the TR 02/03/2003 21:30:54 EST   the market goes sideways and the cm buys supports sells resiatnce 02/03/2003 21:30:54 EST   must b some news 02/03/2003 21:31:00 EST   but overall is long more contracts 02/03/2003 21:31:05 EST   biding his time 02/03/2003 21:31:30 EST   remeber the cm has time and money and patience 02/03/2003 21:32:06 EST   does the cm know what news will occur 02/03/2003 21:32:08 EST   NO 02/03/2003 21:32:15 EST   but he knows thta overall 02/03/2003 21:32:24 EST   his accumaltion is probbaly right 02/03/2003 21:33:26 EST   does the cm makes mistakes? 02/03/2003 21:33:33 EST   he is wrong sure 02/03/2003 21:33:37 EST   and he does lose money 02/03/2003 21:33:51 EST   but this is marathon not a sprint 02/03/2003 21:33:58 EST   and the cm in the log runs makes money 02/03/2003 21:34:02 EST   i meant mistrakes 02/03/2003 21:34:17 EST   and isnt that what business is all about 02/03/2003 21:34:27 EST   yep 02/03/2003 21:34:31 EST   y 02/03/2003 21:34:33 EST   yes 02/03/2003 21:34:39 EST   y 02/03/2003 21:34:44 EST   so the cms purpose is to make money 02/03/2003 21:34:56 EST   does cargill over all knwo the corn business 02/03/2003 21:34:59 EST   know 02/03/2003 21:35:09 EST   y 02/03/2003 21:35:11 EST   y 02/03/2003 21:35:13 EST   y 02/03/2003 21:35:13 EST   y 02/03/2003 21:35:32 EST   would u follow them or would u follow a 21 yr old new trader? 02/03/2003 21:35:43 EST   cargil has a btter knowledge of what he does 02/03/2003 21:35:43 EST   cargill 02/03/2003 21:35:49 EST   depends on what she looked like lol 02/03/2003 21:35:50 EST   cargill 02/03/2003 21:35:56 EST   lol 02/03/2003 21:35:57 EST   is zack 21? 02/03/2003 21:36:02 EST   he is more well informed to make better decsions 02/03/2003 21:36:14 EST   so they have an edge 02/03/2003 21:36:23 EST   Depends what she looks like :) 02/03/2003 21:36:39 EST   he's over , mm 02/03/2003 21:36:42 EST   so cargil and other grain companies 02/03/2003 21:36:44 EST   follow more informed 02/03/2003 21:36:49 EST   generally will side togther 02/03/2003 21:36:55 EST   based on their knowldge 02/03/2003 21:37:01 EST   21 year old 02/03/2003 21:37:25 EST   so the cm cant really move it out of the TR by himself can he? 02/03/2003 21:37:33 EST   n 02/03/2003 21:37:33 EST   n 02/03/2003 21:37:37 EST   n 02/03/2003 21:37:38 EST   in the money mkts how much manipulation occurs by gov'ts - ie manipulation of "news" 02/03/2003 21:37:45 EST   why not he has alot of money? 02/03/2003 21:37:56 EST   ????? 02/03/2003 21:37:59 EST   he needs the news 02/03/2003 21:37:59 EST   alot I beleive beauc 02/03/2003 21:38:03 EST   needs the news 02/03/2003 21:38:07 EST   why does he need news 02/03/2003 21:38:15 EST   canty he just buy and buy and force up prices? 02/03/2003 21:38:21 EST   to fuel the funds 02/03/2003 21:38:23 EST   sounds like an excuse 02/03/2003 21:38:28 EST   to attract buyers so he can ump 02/03/2003 21:38:34 EST   not sustainable 02/03/2003 21:38:36 EST   dump 02/03/2003 21:38:36 EST   isn't there a mkt place for the goods 02/03/2003 21:38:40 EST   right DCA 02/03/2003 21:38:47 EST   right right right :)!!!!! 02/03/2003 21:38:55 EST   he can to a certain degree 02/03/2003 21:38:58 EST   needs the little guy to sell to 02/03/2003 21:39:05 EST   but in order to mark up prices and sustain it 02/03/2003 21:39:15 EST   he must have the funds and spces to help push it 02/03/2003 21:39:25 EST   can all the specs over power the cm? 02/03/2003 21:39:29 EST   according to wyckoff? 02/03/2003 21:39:30 EST   y 02/03/2003 21:39:32 EST   n 02/03/2003 21:39:36 EST   he needs others $$$ 02/03/2003 21:39:43 EST   wyckoff said 02/03/2003 21:39:47 EST   y 02/03/2003 21:39:55 EST   that if the specs were all against the cm the cm would lsoe 02/03/2003 21:39:59 EST   lose 02/03/2003 21:40:08 EST   yes, but they don't act together 02/03/2003 21:40:10 EST   because there would be more spec money 02/03/2003 21:40:15 EST   RIGHT kent!!!! 02/03/2003 21:40:16 EST   User [Icrosscheck] joined forum from 67.83.193.0 02/03/2003 21:40:28 EST   joe k saya that too 02/03/2003 21:40:28 EST   the spcs dont act together as a campaign 02/03/2003 21:40:30 EST   the cms do 02/03/2003 21:40:31 EST   what impact does the buyer of the goods have ie Robin Hood etc 02/03/2003 21:40:46 EST   not great beauc 02/03/2003 21:41:00 EST   but since the specs try to pick the highs and lows 02/03/2003 21:41:08 EST   and they are scatered the cm is mor epowerful 02/03/2003 21:41:13 EST   this is very important 02/03/2003 21:41:20 EST   then when the spcs and funds go one way 02/03/2003 21:41:22 EST   we have to form union 02/03/2003 21:41:27 EST   it forms cliamtic behavior 02/03/2003 21:41:29 EST   lol 02/03/2003 21:41:34 EST   lol 02/03/2003 21:41:35 EST   the cm sees thiis and unloads 02/03/2003 21:41:55 EST   thats how unions were formed MM LOL 02/03/2003 21:42:06 EST   okay 02/03/2003 21:42:11 EST   this is important to understannd 02/03/2003 21:42:15 EST   what the role of the cm is 02/03/2003 21:42:16 EST   y 02/03/2003 21:42:20 EST   and what they do within a TR 02/03/2003 21:42:32 EST   the bottom of a TR or the support is called "ice" 02/03/2003 21:42:36 EST   the top of the TR 02/03/2003 21:42:36 EST   sounds contrary 02/03/2003 21:42:40 EST   resiatnce is called creek 02/03/2003 21:42:45 EST   it is sid 02/03/2003 21:42:53 EST   but once he accumlates 02/03/2003 21:42:58 EST   he rides the trend 02/03/2003 21:43:00 EST   till the BC 02/03/2003 21:43:22 EST   force play? 02/03/2003 21:44:06 EST   when the news takes the market out of this TR 02/03/2003 21:44:07 EST   not horse play 02/03/2003 21:44:11 EST   during accumuation 02/03/2003 21:44:29 EST   this is called a JOC or jump over the creek 02/03/2003 21:44:39 EST   and I will go over this next week 02/03/2003 21:44:42 EST   how to see this 02/03/2003 21:44:51 EST   what happens within a TR? 02/03/2003 21:45:01 EST   accumulation 02/03/2003 21:45:08 EST   or distribtuion 02/03/2003 21:45:13 EST   after a SC yes MM 02/03/2003 21:45:14 EST   agree with mmartin 02/03/2003 21:45:18 EST   and after a BC yes 02/03/2003 21:45:23 EST   momentum? 02/03/2003 21:45:28 EST   But that sint what i m asking 02/03/2003 21:45:42 EST   cm buys support, sells rest 02/03/2003 21:45:47 EST   cm puts on a challenge 02/03/2003 21:45:51 EST   resistance 02/03/2003 21:45:52 EST   what does the cm do during a TR that is undergoing accumuation 02/03/2003 21:46:01 EST   buys on bal 02/03/2003 21:46:03 EST   starts buying 02/03/2003 21:46:08 EST   buys sup, sells res 02/03/2003 21:46:12 EST   goes long 02/03/2003 21:46:13 EST   when does he buy in TR 02/03/2003 21:46:19 EST   sup 02/03/2003 21:46:20 EST   at support 02/03/2003 21:46:20 EST   buys support sells res 02/03/2003 21:46:21 EST   saves more contrcts 02/03/2003 21:46:22 EST   support 02/03/2003 21:46:33 EST   ice 02/03/2003 21:47:28 EST   accumulates more positions at suppt then he sells at resist 02/03/2003 21:48:07 EST   he buys on the retst of support 02/03/2003 21:48:08 EST   ice 02/03/2003 21:48:26 EST   and he sells some of those he bought at resiatnce 02/03/2003 21:48:29 EST   only? 02/03/2003 21:48:31 EST   and as long as the market 02/03/2003 21:48:37 EST   is in this TR 02/03/2003 21:48:45 EST   right dick 02/03/2003 21:48:53 EST   he will trade within that range 02/03/2003 21:48:57 EST   why not just buy 02/03/2003 21:49:00 EST   why does he sell 02/03/2003 21:49:08 EST   why not just byt 02/03/2003 21:49:10 EST   has to disguise what he is doing 02/03/2003 21:49:17 EST   yes mm 02/03/2003 21:49:18 EST   right 02/03/2003 21:49:21 EST   disguises his real intent 02/03/2003 21:49:22 EST   he must show the pit 02/03/2003 21:49:23 EST   " 02/03/2003 21:49:23 EST   right mm 02/03/2003 21:49:27 EST   both ways 02/03/2003 21:49:27 EST   to make money and mask what he is doing 02/03/2003 21:49:32 EST   he doesnt liek company 02/03/2003 21:49:39 EST   so he sells and buys 02/03/2003 21:49:46 EST   so he can get others on the other sside 02/03/2003 21:49:53 EST   so when they cover they fuel the rally 02/03/2003 21:49:57 EST   uses many different brokers also - right 02/03/2003 21:49:59 EST   and he doesnt want everyone being long 02/03/2003 21:50:05 EST   who will sell? 02/03/2003 21:50:05 EST   he is one way 02/03/2003 21:50:10 EST   right ron 02/03/2003 21:50:30 EST   specs 02/03/2003 21:50:39 EST   weak longs 02/03/2003 21:50:54 EST   hedgers toowill sell 02/03/2003 21:51:06 EST   02/03/2003 21:51:22 EST   farmers etc 02/03/2003 21:51:50 EST   framers too 02/03/2003 21:51:50 EST   so he needs both ways in the amrket 02/03/2003 21:51:56 EST   commercials will sell to ofset cash grait they buy 02/03/2003 21:51:56 EST   market 02/03/2003 21:53:02 EST   so the cm will play in this TR 02/03/2003 21:53:19 EST   untill mark up 02/03/2003 21:53:26 EST   and the news supports his postion 02/03/2003 21:53:34 EST   so the funds will buy new highs for the move 02/03/2003 21:53:49 EST   joc 02/03/2003 21:54:08 EST   I will go over that next week but yes sid 02/03/2003 21:54:19 EST   ty 02/03/2003 21:54:46 EST   Is this what creates the volume? Funds buying on the breadk? 02/03/2003 21:55:01 EST   well, got to run, see ya tomorrow, thanks gary 02/03/2003 21:55:11 EST   u r welcome kent 02/03/2003 21:55:12 EST   bye, kent 02/03/2003 21:55:18 EST   User [Kent] left forum. 02/03/2003 21:55:22 EST   " 02/03/2003 21:55:34 EST   its hard to see cargil as a cm in accumulation as they may hedge sell and accumulate buy the same day 02/03/2003 21:55:37 EST   bye 02/03/2003 21:55:57 EST   but over all they may be long dick 02/03/2003 21:56:00 EST   yes they hedge 02/03/2003 21:56:05 EST   but overall they may be log 02/03/2003 21:56:07 EST   long 02/03/2003 21:56:17 EST   they mask it well 02/03/2003 21:56:17 EST   I am not talking about that they do for farmers per sei 02/03/2003 21:56:29 EST   I am talking about what they do for thier specs accounts 02/03/2003 21:57:00 EST   they do prob take a small postion for the hedge acocunts as well 02/03/2003 21:57:17 EST   Dick---remember thee CM is not one person---CM is the culmination of ALL the great traders in a particular market at a particular time---ALL "those in the know with the dough" :) 02/03/2003 21:57:42 EST   :) 02/03/2003 21:57:49 EST   :) 02/03/2003 21:58:03 EST   k 02/03/2003 21:58:56 EST   right zack 02/03/2003 21:58:59 EST   so as u can see 02/03/2003 21:59:06 EST   the cm can have a TR 02/03/2003 21:59:10 EST   for days intraday 02/03/2003 21:59:14 EST   days weeks months 02/03/2003 21:59:15 EST   yrs 02/03/2003 22:00:05 EST   got to go guys, thanx, and good night 02/03/2003 22:00:09 EST   User [cdavid] left forum. 02/03/2003 22:00:22 EST   so the purpose of the TR is to build cause 02/03/2003 22:00:54 EST   now sloping lines give u trend 02/03/2003 22:00:59 EST   horizonatl lines 02/03/2003 22:01:09 EST   tells u were the demand comes in ( buying) 02/03/2003 22:01:22 EST   and where the selling comes in resiaticnce 02/03/2003 22:02:17 EST   so we judge how good support is by the reaction from that area 02/03/2003 22:02:30 EST   and vice versa 02/03/2003 22:02:32 EST   k 02/03/2003 22:02:39 EST   k 02/03/2003 22:02:44 EST   ok 02/03/2003 22:02:44 EST   got it 02/03/2003 22:02:45 EST   so we watch horizonatl supports for demand or buying 02/03/2003 22:02:58 EST   and horizontal resiatnce for selling or supply 02/03/2003 22:03:14 EST   so it is differnt that slpoing lines 02/03/2003 22:03:19 EST   do u understand? 02/03/2003 22:03:24 EST   y 02/03/2003 22:03:25 EST   big differnce 02/03/2003 22:03:31 EST   yes 02/03/2003 22:03:33 EST   y 02/03/2003 22:03:52 EST   y 02/03/2003 22:03:52 EST   the greatre the reaction form support or resiatnce 02/03/2003 22:03:56 EST   the more imp that area is 02/03/2003 22:04:11 EST   and I will explain about reactions next week 02/03/2003 22:04:17 EST   with a jump over creek 02/03/2003 22:04:21 EST   and breaking of the ice 02/03/2003 22:04:31 EST   but the TR is one of the most imp things on wyckoff 02/03/2003 22:04:37 EST   can it get over the tr 02/03/2003 22:04:42 EST   and fall back into the TR? 02/03/2003 22:04:46 EST   if sloping line meets horizon line r we near mark up? 02/03/2003 22:04:46 EST   y 02/03/2003 22:04:49 EST   the answe r is YES 02/03/2003 22:04:51 EST   y 02/03/2003 22:04:53 EST   y 02/03/2003 22:04:55 EST   and we will talk on this next week 02/03/2003 22:05:09 EST   if that occurs sid that is very very powerful area 02/03/2003 22:05:21 EST   t 02/03/2003 22:05:21 EST   and it can be frustrating knowing whats coming and having to wait for the action to finally arrive 02/03/2003 22:05:41 EST   and its sooo worth the wait :) 02/03/2003 22:05:45 EST   " 02/03/2003 22:05:57 EST   so the purpose of a TR is what? 02/03/2003 22:06:09 EST   to build cause 02/03/2003 22:06:15 EST   " 02/03/2003 22:06:19 EST   to build cause and wait for news 02/03/2003 22:06:22 EST   how can we tell the differnce between good support and weak support? 02/03/2003 22:06:24 EST   agree 02/03/2003 22:06:31 EST   reaction 02/03/2003 22:06:36 EST   right 02/03/2003 22:06:36 EST   reaction 02/03/2003 22:06:39 EST   by reaction 02/03/2003 22:06:40 EST   what is reaction? 02/03/2003 22:06:40 EST   volume and price action 02/03/2003 22:06:41 EST   by the quality of the reaction 02/03/2003 22:06:44 EST   PRICE range 02/03/2003 22:06:46 EST   and volume 02/03/2003 22:06:53 EST   U Fast, MM 02/03/2003 22:07:07 EST   learned from jd 02/03/2003 22:07:20 EST   most of the time u will draw these horizontal lines 02/03/2003 22:07:27 EST   and only sometimes 02/03/2003 22:07:36 EST   the slpoing ones 02/03/2003 22:07:47 EST   I knwo most tech have u with slpoing lines 02/03/2003 22:07:56 EST   but u will do better with horizonatl 02/03/2003 22:08:15 EST   right 02/03/2003 22:08:22 EST   r 02/03/2003 22:08:29 EST   is there a corelation to volumn as to where the horizontal lines are drawn? 02/03/2003 22:08:38 EST   great q 02/03/2003 22:08:44 EST   there is 02/03/2003 22:08:48 EST   yes - good q 02/03/2003 22:08:51 EST   when u get to support 02/03/2003 22:09:00 EST   and it is accumalation 02/03/2003 22:09:09 EST   the volume will increase as the market rallies from support 02/03/2003 22:09:16 EST   do u know why? 02/03/2003 22:09:24 EST   more buyers 02/03/2003 22:09:28 EST   DEMAND by the CM 02/03/2003 22:09:41 EST   not more buyers but more agressive buyers 02/03/2003 22:09:47 EST   and by strong hands 02/03/2003 22:09:53 EST   cm buy 4 sell 2 02/03/2003 22:10:03 EST   they don't want to miss move? 02/03/2003 22:10:23 EST   yes but the spcs may sell 4 buy 2 02/03/2003 22:10:31 EST   k 02/03/2003 22:10:32 EST   buyer match sellers right? 02/03/2003 22:10:38 EST   r 02/03/2003 22:10:44 EST   r 02/03/2003 22:10:58 EST   so during the TR of accumaltion 02/03/2003 22:11:15 EST   the volume trend to be higher on the rallies 02/03/2003 22:11:18 EST   with wide price action 02/03/2003 22:11:27 EST   and lower volume with smller pullbacks 02/03/2003 22:11:34 EST   price range wise 02/03/2003 22:11:48 EST   this is because dmeand ( buying) is overcoming seling ( supply) 02/03/2003 22:12:21 EST   do u understand? 02/03/2003 22:12:25 EST   y 02/03/2003 22:12:26 EST   y 02/03/2003 22:12:27 EST   y 02/03/2003 22:12:27 EST   y 02/03/2003 22:12:29 EST   y 02/03/2003 22:12:31 EST   if u get heavy volume on brekas with wider price range 02/03/2003 22:12:36 EST   this probbaly is supply 02/03/2003 22:12:40 EST   there are exceptions 02/03/2003 22:12:57 EST   I wnate dto talk on TR tonight 02/03/2003 22:13:06 EST   and whhat to look for there is alot more topics 02/03/2003 22:13:11 EST   what 02/03/2003 22:13:21 EST   the oppsite is true 02/03/2003 22:13:27 EST   for accumaltion 02/03/2003 22:13:40 EST   distribution 02/03/2003 22:13:42 EST   next week I will talk about when they get out of the TR and reactions 02/03/2003 22:13:43 EST   User [Joe K] joined forum from 172.146.104.196 02/03/2003 22:13:54 EST   but this week just TR's 02/03/2003 22:14:01 EST   the TR can be wide 02/03/2003 22:14:01 EST   joe!!! just in time to say good night :) lol 02/03/2003 22:14:02 EST   q off topic 02/03/2003 22:14:04 EST   and it can be small 02/03/2003 22:14:10 EST   Scoot Zacky ! Hey guys, ladies ! 02/03/2003 22:14:13 EST   and u may have TR within TR like the s and P now 02/03/2003 22:14:13 EST   Hey hobo---finally woke up eh :) 02/03/2003 22:14:15 EST   Greg lol 02/03/2003 22:14:20 EST   yep 02/03/2003 22:14:23 EST   :) 02/03/2003 22:14:26 EST   Thanks Gary, good class. 02/03/2003 22:14:26 EST   but still a TR 02/03/2003 22:14:29 EST   hey joe 02/03/2003 22:14:30 EST   yes dca please ask 02/03/2003 22:14:45 EST   where on the web can I get monthly charts with volume? 02/03/2003 22:15:03 EST   thanks, gary - appreciate your time and patience - goodnight, all! see ya tomorrow night 02/03/2003 22:15:09 EST   User [M.Martin] left forum. 02/03/2003 22:15:12 EST   Prophet dca 02/03/2003 22:15:21 EST   n MM 02/03/2003 22:15:22 EST   thx maurice 02/03/2003 22:15:36 EST   it seems that the actual goods and their mkts do not play a major role - or are they the news 02/03/2003 22:15:37 EST   tfc.com 02/03/2003 22:15:50 EST   thx meg 02/03/2003 22:15:58 EST   tfc seems good 02/03/2003 22:16:38 EST   I think on my site they have em dca 02/03/2003 22:16:40 EST   night MM 02/03/2003 22:16:44 EST   Lycos is also giving charts with volume 02/03/2003 22:16:46 EST   thx gary 02/03/2003 22:17:05 EST   they dont paly a major role beauc 02/03/2003 22:17:09 EST   looks like I have a few to check out 02/03/2003 22:17:16 EST   but quote com has it i think 02/03/2003 22:17:20 EST   futuresource 02/03/2003 22:17:36 EST   okay 02/03/2003 22:17:41 EST   k 02/03/2003 22:17:45 EST   k 02/03/2003 22:17:56 EST   do u all understand TR 02/03/2003 22:18:02 EST   y 02/03/2003 22:18:03 EST   y 02/03/2003 22:18:06 EST   the horizontal lines 02/03/2003 22:18:12 EST   support resitace 02/03/2003 22:18:13 EST   y 02/03/2003 22:18:18 EST   and what to look for 02/03/2003 22:18:26 EST   and why they exist? 02/03/2003 22:18:31 EST   y 02/03/2003 22:18:33 EST   and theier pupose 02/03/2003 22:18:43 EST   and why the cms tries to confuse u 02/03/2003 22:19:00 EST   too many questions :) 02/03/2003 22:19:01 EST   and what the cm does 02/03/2003 22:19:13 EST   and why the cm has an advantage over us 02/03/2003 22:19:30 EST   i want answer dca not questions lol 02/03/2003 22:19:32 EST   y 02/03/2003 22:19:36 EST   y 02/03/2003 22:19:47 EST   lol gary 02/03/2003 22:19:47 EST   great 02/03/2003 22:19:56 EST   t 02/03/2003 22:19:56 EST   y 02/03/2003 22:19:56 EST   as i send charts on tuesday 02/03/2003 22:20:02 EST   At least for tonight lol 02/03/2003 22:20:06 EST   u will see this all the tiime 02/03/2003 22:20:20 EST   You want answers ? the Truth ? You cant handle the Truth !!!! LOL 02/03/2003 22:20:24 EST   will you be doing some of the grains tomorrow 02/03/2003 22:20:26 EST   lol 02/03/2003 22:20:31 EST   next week i will talk on ice creek springs upthrust 02/03/2003 22:20:40 EST   yes beuac 02/03/2003 22:20:53 EST   great 02/03/2003 22:20:59 EST   charts tmorrow 02/03/2003 22:21:10 EST   any questions? 02/03/2003 22:21:19 EST   did tonight help? 02/03/2003 22:21:22 EST   y 02/03/2003 22:21:22 EST   did I confuse u? 02/03/2003 22:21:23 EST   thanks Gary foranother great chat 02/03/2003 22:21:29 EST   n 02/03/2003 22:21:29 EST   nope 02/03/2003 22:21:33 EST   great 02/03/2003 22:21:36 EST   Yes - it helped a lot! 02/03/2003 22:21:38 EST   thx gary grt class.......c u tommorw n.....nite all 02/03/2003 22:21:42 EST   I hope u know kore then u did before u came here lol 02/03/2003 22:21:49 EST   Thx Gary see you tomorrow 02/03/2003 22:21:50 EST   I will see u all tomoorow :) 02/03/2003 22:21:52 EST   good night 02/03/2003 22:21:53 EST   User [gary fullett] left forum.