03/24/2003 21:01:53 EST  	User [gary fullett] joined forum from 198.63.240.97	
03/24/2003 21:02:01 EST  	<JohnH> evenin Gary	
03/24/2003 21:02:07 EST  	<Steve L> good evening gary	
03/24/2003 21:02:09 EST  	<M.Martin> Hi Gary!	
03/24/2003 21:02:32 EST  	<gary fullett> good evening	
03/24/2003 21:02:38 EST  	User [kris] joined forum from 64.229.136.84	
03/24/2003 21:02:50 EST  	<M.Martin> Hi Kris	
03/24/2003 21:02:52 EST  	<kris> good evening all.	
03/24/2003 21:02:59 EST  	User [greg] joined forum from 206.58.228.144	
03/24/2003 21:03:08 EST  	User [dca] joined forum from 68.147.168.38	
03/24/2003 21:03:09 EST  	<JohnH> hey kri & greg	
03/24/2003 21:03:11 EST  	<greg> evening everyone	
03/24/2003 21:03:12 EST  	<JohnH> & dca	
03/24/2003 21:03:15 EST  	<dca> hi all	
03/24/2003 21:03:23 EST  	<gary fullett> I want to talk on strenghth and weakness	
03/24/2003 21:03:33 EST  	<gary fullett> wait	
03/24/2003 21:03:36 EST  	<gary fullett> i cant	
03/24/2003 21:03:45 EST  	<gary fullett> I have to continue on volume	
03/24/2003 21:03:45 EST  	<JohnH> waiting is my weakness LOL	
03/24/2003 21:04:01 EST  	<gary fullett> we talked on price action and volume last week right?	
03/24/2003 21:04:05 EST  	User [cdavid] joined forum from 24.74.16.10	
03/24/2003 21:04:13 EST  	<M.Martin> Hi cdavid	
03/24/2003 21:04:16 EST  	<cdavid> good evenihng	
03/24/2003 21:04:17 EST  	User [Mike] joined forum from 216.185.65.41	
03/24/2003 21:04:18 EST  	<JohnH> hi cdavid	
03/24/2003 21:04:20 EST  	<dca> hi cd	
03/24/2003 21:04:21 EST  	<JohnH> hi mike	
03/24/2003 21:04:29 EST  	<M.Martin> Hi Mike	
03/24/2003 21:04:31 EST  	<Mike> Hi everyone	
03/24/2003 21:04:32 EST  	<cdavid> hi mm, john, dca	
03/24/2003 21:04:45 EST  	<cdavid> hello gary	
03/24/2003 21:04:49 EST  	<gary fullett> hi	
03/24/2003 21:05:01 EST  	<gary fullett> I will talk on stregnth and weakness on second tought	
03/24/2003 21:05:08 EST  	<gary fullett> then i will go back to volume	
03/24/2003 21:05:08 EST  	<M.Martin> k by me	
03/24/2003 21:05:14 EST  	User [sid] joined forum from 64.28.55.61	
03/24/2003 21:05:15 EST  	<gary fullett> and price	
03/24/2003 21:05:22 EST  	<gary fullett> we talked on price and voluem last week	
03/24/2003 21:05:24 EST  	<gary fullett> and we said	
03/24/2003 21:05:25 EST  	<JohnH> hey sid	
03/24/2003 21:05:36 EST  	<gary fullett> that light or heavy volume can be bullish or bearish	
03/24/2003 21:05:47 EST  	User [Zack] joined forum from 63.164.166.185	
03/24/2003 21:05:48 EST  	<gary fullett> it depends on the cms intentions	
03/24/2003 21:05:52 EST  	<Zack> Hi folks	
03/24/2003 21:05:54 EST  	<cdavid> hi zack	
03/24/2003 21:05:54 EST  	<JohnH> hey zack	
03/24/2003 21:05:59 EST  	<gary fullett> does he want to support it or not support it	
03/24/2003 21:06:00 EST  	<dca> hi zack	
03/24/2003 21:06:01 EST  	<M.Martin> Hi Sid and Zack	
03/24/2003 21:06:06 EST  	<gary fullett> but I will go over more next week	
03/24/2003 21:06:24 EST  	User [Zoo] joined forum from 172.190.155.42	
03/24/2003 21:06:29 EST  	<JohnH> hi zoo	
03/24/2003 21:06:33 EST  	<M.Martin> Hi Zoo	
03/24/2003 21:06:33 EST  	<greg> hi zack	
03/24/2003 21:06:34 EST  	<cdavid> hi zoo	
03/24/2003 21:06:39 EST  	<M.Martin> and Greg!	
03/24/2003 21:06:42 EST  	<Zoo> hi	
03/24/2003 21:06:56 EST  	<sid> hi everyone .........happy monday.......sorry im late......server would not let me on	
03/24/2003 21:07:05 EST  	User [beaubc] joined forum from 24.84.223.27	
03/24/2003 21:07:12 EST  	<cdavid> hi sid, bc	
03/24/2003 21:07:18 EST  	<beaubc> Hello everyone, hi cd	
03/24/2003 21:07:19 EST  	<JohnH> I had a bit of trouble too sid	
03/24/2003 21:07:22 EST  	User [maurice] joined forum from 205.254.241.8	
03/24/2003 21:07:25 EST  	<sid> hi	
03/24/2003 21:07:26 EST  	User [dca] left forum.	
03/24/2003 21:07:30 EST  	<JohnH> hi beau & maurice	
03/24/2003 21:07:31 EST  	<greg> hi mm	
03/24/2003 21:07:33 EST  	<cdavid> hi maurice	
03/24/2003 21:07:33 EST  	<sid> cd	
03/24/2003 21:07:36 EST  	<beaubc> hi sid	
03/24/2003 21:07:36 EST  	<greg> hi sid	
03/24/2003 21:07:40 EST  	User [dca] joined forum from 68.147.168.38	
03/24/2003 21:07:46 EST  	<dca> oops	
03/24/2003 21:07:47 EST  	<M.Martin> Hi beau and dca	
03/24/2003 21:07:47 EST  	<beaubc> hi john	
03/24/2003 21:07:49 EST  	<sid> h greg	
03/24/2003 21:07:49 EST  	<maurice> Hello all	
03/24/2003 21:07:54 EST  	<beaubc> hey mm	
03/24/2003 21:07:56 EST  	<gary fullett> okay any qyuestions from last week	
03/24/2003 21:08:04 EST  	<dca> hey mm	
03/24/2003 21:08:12 EST  	<sid> h beau	
03/24/2003 21:08:21 EST  	<gary fullett> we will spend alot of time on price action and volume	
03/24/2003 21:08:27 EST  	<gary fullett> so i dont want to go into that now	
03/24/2003 21:08:38 EST  	<gary fullett> this week i will talk on strngth and weakness of groups	
03/24/2003 21:08:42 EST  	<gary fullett> and next week on spreads	
03/24/2003 21:08:51 EST  	<cdavid> cool	
03/24/2003 21:09:20 EST  	<gary fullett> okay	
03/24/2003 21:09:32 EST  	<gary fullett> before I begin any questions?	
03/24/2003 21:09:33 EST  	<beaubc> greaat	
03/24/2003 21:10:17 EST  	<Zoo> any comments on today's s&p action?	
03/24/2003 21:10:39 EST  	<gary fullett> what do u think today was in stocks?	
03/24/2003 21:10:53 EST  	<Zoo> lowest volume in two weeks	
03/24/2003 21:11:10 EST  	<M.Martin> profit taking?	
03/24/2003 21:11:12 EST  	<gary fullett> yep	
03/24/2003 21:11:17 EST  	<gary fullett> zoo great point	
03/24/2003 21:11:23 EST  	<gary fullett> and the price action was huge huh?	
03/24/2003 21:11:31 EST  	<M.Martin> y	
03/24/2003 21:11:33 EST  	<dca> y	
03/24/2003 21:11:37 EST  	<gary fullett> u have to look at today	
03/24/2003 21:11:39 EST  	<gary fullett> as	
03/24/2003 21:11:46 EST  	<Zoo> effect doesn't equal cause	
03/24/2003 21:11:48 EST  	<gary fullett> what happened last week	
03/24/2003 21:12:01 EST  	<gary fullett> last week was the largest Up week in 20 yrs did u knw that/	
03/24/2003 21:12:07 EST  	<JohnH> y	
03/24/2003 21:12:10 EST  	<dca> n	
03/24/2003 21:12:11 EST  	<M.Martin> y	
03/24/2003 21:12:15 EST  	<gary fullett> so today wasnt expected	
03/24/2003 21:12:21 EST  	<gary fullett> it went to resiatncne	
03/24/2003 21:12:24 EST  	<gary fullett> we said last week	
03/24/2003 21:12:30 EST  	<gary fullett> went above it by 15 points	
03/24/2003 21:12:32 EST  	<gary fullett> and broke	
03/24/2003 21:12:36 EST  	<gary fullett> butwe are in a TR	
03/24/2003 21:12:40 EST  	<gary fullett> 770 -950	
03/24/2003 21:12:51 EST  	<gary fullett> and we are in this range longer term	
03/24/2003 21:12:55 EST  	<gary fullett> daily was over bought	
03/24/2003 21:12:58 EST  	<gary fullett> and came back	
03/24/2003 21:13:03 EST  	<cdavid> so what does that mean to you gary? Biggest up in 20 yrs?	
03/24/2003 21:13:13 EST  	<gary fullett> nothing	
03/24/2003 21:13:17 EST  	<gary fullett> why?	
03/24/2003 21:13:22 EST  	<gary fullett> because we are still in a TR	
03/24/2003 21:13:29 EST  	<gary fullett> did we take out reistance?	
03/24/2003 21:13:31 EST  	<M.Martin> didn't go pass resist	
03/24/2003 21:13:32 EST  	<cdavid> because it means nothing to me either	
03/24/2003 21:13:34 EST  	<JohnH> n	
03/24/2003 21:13:46 EST  	<gary fullett> so we are still in a TR	
03/24/2003 21:13:55 EST  	<gary fullett> it may have bene some strenghth	
03/24/2003 21:13:56 EST  	<Zack> It just put a little bait in the bear trap cdavid :)	
03/24/2003 21:13:57 EST  	<gary fullett> not sure yet	
03/24/2003 21:14:08 EST  	<gary fullett> But to me it was a rally from over sld condition	
03/24/2003 21:14:09 EST  	<cdavid> agree zack	
03/24/2003 21:14:12 EST  	<gary fullett> they had the 'news'	
03/24/2003 21:14:16 EST  	<gary fullett> to rally the market	
03/24/2003 21:14:23 EST  	<gary fullett> and they did	
03/24/2003 21:14:26 EST  	<greg> lol zack	
03/24/2003 21:15:31 EST  	<gary fullett> so as long as we didnt take out resistance we are still in a TR	
03/24/2003 21:15:40 EST  	<gary fullett> though the volume being light wasnt brearish today	
03/24/2003 21:15:54 EST  	User [Len] joined forum from 66.138.230.65	
03/24/2003 21:16:01 EST  	<JohnH> hi Len	
03/24/2003 21:16:03 EST  	<cdavid> hi len	
03/24/2003 21:16:08 EST  	<gary fullett> okay zoo?	
03/24/2003 21:16:12 EST  	<Len> hi all	
03/24/2003 21:16:23 EST  	<M.Martin> Hi len	
03/24/2003 21:16:27 EST  	<Zoo> haook!	
03/24/2003 21:16:50 EST  	<gary fullett> okay strenghth and weakness	
03/24/2003 21:16:53 EST  	<gary fullett> important wyckoff	
03/24/2003 21:17:07 EST  	User [stan] joined forum from 68.4.101.111	
03/24/2003 21:17:15 EST  	<gary fullett> wyckoff said	
03/24/2003 21:17:20 EST  	<JohnH> hey stan	
03/24/2003 21:17:23 EST  	<gary fullett> that one must look at industry groups	
03/24/2003 21:17:36 EST  	<gary fullett> and within these groups look for the strongest or weakest stock	
03/24/2003 21:17:50 EST  	<gary fullett> in this case for the most part commodties	
03/24/2003 21:17:56 EST  	<gary fullett> but I will talk on stocks abit	
03/24/2003 21:17:59 EST  	<gary fullett> as it may be easirt	
03/24/2003 21:18:29 EST  	<gary fullett> 1 min please	
03/24/2003 21:19:04 EST  	<cdavid> zack while we wait, metals comments?	
03/24/2003 21:19:36 EST  	<Zack> Gold just went back to the 330 creek level	
03/24/2003 21:19:47 EST  	<Zack> Hsave to see what the reaction is from hee	
03/24/2003 21:19:51 EST  	<Zack> here	
03/24/2003 21:20:05 EST  	<cdavid> been waiting to get long, better prices now	
03/24/2003 21:20:26 EST  	<greg> cant get long yet cd	
03/24/2003 21:20:37 EST  	<gary fullett> talk amoung yourself for a moment	
03/24/2003 21:20:44 EST  	User [Kent] joined forum from 172.191.49.184	
03/24/2003 21:20:45 EST  	<greg> need to see reaction from here and the strength	
03/24/2003 21:20:50 EST  	<cdavid> I'm practicing y patience	
03/24/2003 21:20:52 EST  	<M.Martin> Hi Kent	
03/24/2003 21:20:54 EST  	<cdavid> my	
03/24/2003 21:21:00 EST  	<Kent> hi MM	
03/24/2003 21:21:04 EST  	<Zack> Short term---with stock rally and US$ rally--Gold and silver have shown some weakness	
03/24/2003 21:21:07 EST  	<greg> i know, its hard, me too cd	
03/24/2003 21:21:08 EST  	<cdavid> gotcha gerg	
03/24/2003 21:21:12 EST  	<cdavid> greg	
03/24/2003 21:21:20 EST  	<greg> lol	
03/24/2003 21:21:27 EST  	<Zack> We need to see demand come in for decent rally in metals	
03/24/2003 21:21:31 EST  	<cdavid> I/m typing like ......tonight	
03/24/2003 21:21:36 EST  	<Zoo> Play fast can't last, play slow gotta go	
03/24/2003 21:21:59 EST  	<maurice> wow zoo :)	
03/24/2003 21:21:59 EST  	<greg> not neccessarily zoo	
03/24/2003 21:22:17 EST  	<Zoo> study long study wrong	
03/24/2003 21:22:36 EST  	<M.Martin> keep going, zoo!	
03/24/2003 21:22:51 EST  	<Steve L> trade wheat sleep in the street	
03/24/2003 21:22:52 EST  	<Zoo> if you snooze you lose	
03/24/2003 21:22:53 EST  	<Zack> Longer term---I have not changed my targets in Gold---there has not really been any serious tech damage done yet	
03/24/2003 21:23:53 EST  	<M.Martin> lol, steve	
03/24/2003 21:24:09 EST  	<greg> i agree with that zack	
03/24/2003 21:24:21 EST  	<greg> LOL steve	
03/24/2003 21:25:00 EST  	<kris> Greg, why would you not go long gold at 330. This is creek?	
03/24/2003 21:25:16 EST  	<M.Martin> don't know if this has anything to do with anything, but crb hasn't finished correcting yet to me	
03/24/2003 21:25:18 EST  	<Zoo> You can't eat gold	
03/24/2003 21:25:31 EST  	<cdavid> noticed that mm	
03/24/2003 21:25:37 EST  	<Dick> zac, did you notice the up trend line crossed at 330 creek area fri?	
03/24/2003 21:25:43 EST  	<Zack> Former creek is now acting as resistance kris---it needs to break out from here and show some strength	
03/24/2003 21:26:10 EST  	<greg> yes kris, this is the creek	
03/24/2003 21:26:17 EST  	<Zoo> I believe the USA is in a bit of a sticky wicket	
03/24/2003 21:26:24 EST  	<greg> and there are 2 ways to play it longer term	
03/24/2003 21:26:33 EST  	<Zack> True zoo---but you can go anywhere in the world and trade it for whatever you want	
03/24/2003 21:26:36 EST  	<kris> OK, I don't have a chart in front of me, so price is not below creek?	
03/24/2003 21:26:41 EST  	<M.Martin> too much media, zoo	
03/24/2003 21:26:54 EST  	<kris> Sorry, "now below creek"	
03/24/2003 21:26:54 EST  	<JohnH> how do they play Bingo in Iraq?	
03/24/2003 21:27:01 EST  	<greg> 1.) get long now and put a stop low enough to allow for a spring of the creek	
03/24/2003 21:27:01 EST  	<Zack> Creek in Gold is 330/335 area kris	
03/24/2003 21:27:06 EST  	<JohnH> B52.....F14.....A10.....B1	
03/24/2003 21:27:10 EST  	<M.Martin> How John?	
03/24/2003 21:27:28 EST  	<Zack> We pushed the 330 leveltoday	
03/24/2003 21:27:47 EST  	<greg> 2.) get in on strength and not wait thru a drawdown or spring while using your $$ for other oportunities	
03/24/2003 21:28:18 EST  	<kris> Reason I ask (education purposes), this is supposed to be safest Wyckoff trade, back to creek.	
03/24/2003 21:28:53 EST  	<Zack> kris---trhat's after a JOC--then back to creek---AND HOLDS SUPPORT	
03/24/2003 21:28:58 EST  	<Zack> in this case we have	
03/24/2003 21:29:04 EST  	<Zack> broken support a little	
03/24/2003 21:29:11 EST  	<greg> yes kris, it is, and creeks can still fail, if you buy the strength, you know you are right	
03/24/2003 21:29:16 EST  	<Zack> so things short term are still in question	
03/24/2003 21:29:22 EST  	<gary fullett> sorry	
03/24/2003 21:29:28 EST  	<greg> if you buy now, you dont know	
03/24/2003 21:30:02 EST  	<kris> Ahhh, thanks Greg, Zack, gotcha, I think I need you guys around me before I do damage to myself.	
03/24/2003 21:30:27 EST  	<greg> if you have a very large account that doesnt allow you to jump in and out, then you need to buy the creek as it takes time to build your line	
03/24/2003 21:30:39 EST  	<Dick> please clarify, we had joc, a big one, now this is first retest maybe?	
03/24/2003 21:30:43 EST  	<M.Martin> we all do, kris!	
03/24/2003 21:30:53 EST  	<greg> yes dick	
03/24/2003 21:30:55 EST  	<Zack> Yes Dick	
03/24/2003 21:31:27 EST  	<Dick> one giant joc for man, lol	
03/24/2003 21:31:33 EST  	<Zack> It probably overran itself a little---so to dip under creek a little is not surprising	
03/24/2003 21:31:34 EST  	<greg> lol	
03/24/2003 21:31:44 EST  	<gary fullett> what market is that zack?	
03/24/2003 21:31:49 EST  	<Steve L> zack.. do you watch wheat?	
03/24/2003 21:31:49 EST  	<gary fullett> im back	
03/24/2003 21:31:50 EST  	<Zack> Gold Gary	
03/24/2003 21:31:50 EST  	<greg> gold	
03/24/2003 21:31:53 EST  	<Steve L> wb gary	
03/24/2003 21:31:55 EST  	<gary fullett> ahh okay thanx	
03/24/2003 21:31:58 EST  	<gary fullett> sorry	
03/24/2003 21:32:01 EST  	<gary fullett> i had several calls	
03/24/2003 21:32:06 EST  	<greg> what else does zack talm\\k about? :) lol	
03/24/2003 21:32:17 EST  	<Zack> :)	
03/24/2003 21:32:19 EST  	<gary fullett> swiss	
03/24/2003 21:32:25 EST  	<greg> true :) lol	
03/24/2003 21:32:30 EST  	<gary fullett> ok	
03/24/2003 21:32:34 EST  	<gary fullett> strenghth and wekaness	
03/24/2003 21:32:47 EST  	<gary fullett> wyckoff always looked as this as a big part of what he does	
03/24/2003 21:33:12 EST  	<gary fullett> I will talk on stocks first	
03/24/2003 21:33:22 EST  	<gary fullett> as u know many stocks	
03/24/2003 21:33:28 EST  	<gary fullett> 9 as well as commodities)	
03/24/2003 21:33:36 EST  	<gary fullett> have a seasonal or cycical	
03/24/2003 21:33:39 EST  	<Zack> Yes Steve---I also watch wheat---see Greg--don't always talk about what I trade LOL	
03/24/2003 21:33:54 EST  	<cdavid> lol	
03/24/2003 21:34:06 EST  	User [JohnH] left forum.	
03/24/2003 21:34:47 EST  	<cdavid> brb	
03/24/2003 21:35:09 EST  	<sid> cant hear you gary .........could u talk a little louder	
03/24/2003 21:35:15 EST  	<gary fullett> so	
03/24/2003 21:35:29 EST  	<greg> LOL zack	
03/24/2003 21:35:43 EST  	<gary fullett> when u have a groiup of stocks in an industry	
03/24/2003 21:35:50 EST  	<gary fullett> that tends to do well in the winter	
03/24/2003 21:36:07 EST  	<gary fullett> there is the 'news " to rally	
03/24/2003 21:36:40 EST  	<gary fullett> it would be hard to rally	
03/24/2003 21:36:44 EST  	<gary fullett> winter stocks in summer	
03/24/2003 21:36:53 EST  	<gary fullett> like enegery stocks for example	
03/24/2003 21:37:22 EST  	<gary fullett> or hard to rally graoins in the winter	
03/24/2003 21:37:43 EST  	<gary fullett> grains	
03/24/2003 21:37:50 EST  	<gary fullett> so far so good	
03/24/2003 21:37:56 EST  	<Zoo> question	
03/24/2003 21:38:01 EST  	<gary fullett> yes	
03/24/2003 21:38:14 EST  	<Zoo> I would think grains would rally in winter and heating oil in summer,,,contrain so to speak	
03/24/2003 21:38:29 EST  	<Zoo> seems to obvious to have grains rally in the summer	
03/24/2003 21:38:37 EST  	<Zoo> isn't everybody waiting for that?	
03/24/2003 21:38:51 EST  	<Zack> Why zoo---what news could be used for that ??	
03/24/2003 21:38:53 EST  	<gary fullett> griasn arent grown in winter what is the impetus to rally	
03/24/2003 21:38:59 EST  	<greg> supply and deman zoo, no demand for heating oil in the summer :)	
03/24/2003 21:39:12 EST  	<gary fullett> it is okayy to be a contrain many time	
03/24/2003 21:39:14 EST  	<gary fullett> BUT	
03/24/2003 21:39:18 EST  	User [JohnH] joined forum from 68.101.12.27	
03/24/2003 21:39:20 EST  	<Zoo> why wouldn't there be demand for heating oil in the summer? it would be cheaper then	
03/24/2003 21:39:33 EST  	<gary fullett> no	
03/24/2003 21:39:39 EST  	<gary fullett> no usage	
03/24/2003 21:39:41 EST  	<greg> nobody is using it, no demand	
03/24/2003 21:39:56 EST  	<gary fullett> it may be cheaper	
03/24/2003 21:40:01 EST  	<gary fullett> thats because dmeand is low	
03/24/2003 21:40:06 EST  	<Zack> Warmer weather conditions + less demand for heat zoo	
03/24/2003 21:40:07 EST  	<gary fullett> so it is proiced accordingly	
03/24/2003 21:40:07 EST  	<greg> plenty of heat in the summer :)	
03/24/2003 21:40:08 EST  	<M.Martin> maybe confusing futures with stocks	
03/24/2003 21:40:25 EST  	<gary fullett> so.	
03/24/2003 21:40:31 EST  	<Zoo> no MM,,, my dad used to buy brunswick in the winter,,,,	
03/24/2003 21:40:32 EST  	<gary fullett> thre cm if he is to mark up pricesd	
03/24/2003 21:40:43 EST  	<Zoo> in anticipation of packed bowling alleys	
03/24/2003 21:40:51 EST  	<gary fullett> there is a differnc ewith stocks and commodties in that respect zoo	
03/24/2003 21:41:03 EST  	<gary fullett> stocks see things 6 months in adavce	
03/24/2003 21:41:16 EST  	<gary fullett> so u wnat to buy wonter stocks in summer	
03/24/2003 21:41:20 EST  	<gary fullett> i undersatand what u mean	
03/24/2003 21:41:22 EST  	<gary fullett> BUT	
03/24/2003 21:41:26 EST  	<Zoo> yes, that is what I meant	
03/24/2003 21:41:28 EST  	<gary fullett> and there is a big BUT	
03/24/2003 21:41:38 EST  	<gary fullett> they wont move till further in the fall	
03/24/2003 21:41:50 EST  	<gary fullett> so u buy suport	
03/24/2003 21:42:01 EST  	<gary fullett> but that is dead money in summer to buy a winter stock	
03/24/2003 21:42:07 EST  	<gary fullett> but it may move in fall	
03/24/2003 21:42:12 EST  	<gary fullett> but thats not my point	
03/24/2003 21:42:35 EST  	<gary fullett> stocks do see things 6 months in adavcne	
03/24/2003 21:42:41 EST  	<gary fullett> because of easrning potientail	
03/24/2003 21:42:42 EST  	<Zack> We're getting off track here	
03/24/2003 21:42:45 EST  	<gary fullett> but corn in winter	
03/24/2003 21:42:55 EST  	<gary fullett> is not the same for july growing seasn	
03/24/2003 21:43:00 EST  	<gary fullett> but thats wasnt my point	
03/24/2003 21:43:05 EST  	<Zack> the subject is really strength and weakness	
03/24/2003 21:43:09 EST  	<greg> gary will get us back zack :)	
03/24/2003 21:43:15 EST  	<gary fullett> the cm in order to mark up or matk down prices	
03/24/2003 21:43:17 EST  	<gary fullett> needs news	
03/24/2003 21:43:33 EST  	<gary fullett> and the winter news isnt there in summer is my point	
03/24/2003 21:43:59 EST  	<gary fullett> so..	
03/24/2003 21:44:36 EST  	<gary fullett> u look for cause	
03/24/2003 21:44:49 EST  	<gary fullett> when u wouldnt expect an interest	
03/24/2003 21:44:54 EST  	<gary fullett> in that market	
03/24/2003 21:44:58 EST  	<gary fullett> like grain cause in winter	
03/24/2003 21:45:08 EST  	<gary fullett> u may not traded it but u look for accumuation	
03/24/2003 21:45:13 EST  	<gary fullett> or ditribution	
03/24/2003 21:45:45 EST  	<gary fullett> lets take comodities	
03/24/2003 21:45:55 EST  	<gary fullett> I think i can get my point across	
03/24/2003 21:46:02 EST  	<gary fullett> most grains	
03/24/2003 21:46:08 EST  	<gary fullett> have a tendency	
03/24/2003 21:46:15 EST  	<gary fullett> to go sideways in wnter biding time	
03/24/2003 21:46:18 EST  	<gary fullett> till spring	
03/24/2003 21:46:26 EST  	<gary fullett> where news' weather takes over	
03/24/2003 21:47:16 EST  	<dca>	
03/24/2003 21:47:28 EST  	<gary fullett> so lets take grain currently	
03/24/2003 21:47:32 EST  	<gary fullett> u have a situation	
03/24/2003 21:47:39 EST  	<gary fullett> where wheat and corn are retesting creek	
03/24/2003 21:47:43 EST  	<gary fullett> monthly creek	
03/24/2003 21:48:19 EST  	<gary fullett> where as beans are near the top of the range	
03/24/2003 21:48:24 EST  	<greg> and they are wading in it up to the chest :) lol	
03/24/2003 21:48:31 EST  	<gary fullett> so what does htis tell u about weaknes vs support?	
03/24/2003 21:48:50 EST  	<gary fullett> weaknes and strenghth i meant	
03/24/2003 21:49:03 EST  	<gary fullett> will corn and wheat catch up to beans	
03/24/2003 21:49:10 EST  	<gary fullett> or will beans cont iue to lead?	
03/24/2003 21:49:22 EST  	<Dick> beens are relative stronger	
03/24/2003 21:49:27 EST  	<M.Martin> think they will all go	
03/24/2003 21:49:54 EST  	<gary fullett> we may think that way but the charts rule	
03/24/2003 21:50:09 EST  	<gary fullett> since beans are leaidng at this point if one wanted to be long graisn	
03/24/2003 21:50:16 EST  	<gary fullett> would u buy beans or wheat?	
03/24/2003 21:50:22 EST  	<M.Martin> beans	
03/24/2003 21:50:24 EST  	<greg> beans	
03/24/2003 21:50:25 EST  	<Kent> beans	
03/24/2003 21:50:25 EST  	<Dick> they should lead-beens	
03/24/2003 21:50:44 EST  	<gary fullett> why would u say that?	
03/24/2003 21:50:59 EST  	<Kent> it's the strongest grain	
03/24/2003 21:51:17 EST  	<gary fullett> right!!!	
03/24/2003 21:51:33 EST  	<gary fullett> i mean it wasnt always apparent	
03/24/2003 21:51:55 EST  	<gary fullett> but it is now	
03/24/2003 21:52:11 EST  	<gary fullett> so if u wnated to be long grains	
03/24/2003 21:52:19 EST  	<gary fullett> one would by beans vs wheat or corn	
03/24/2003 21:52:25 EST  	<gary fullett> that doesnt mean that corn and wheat	
03/24/2003 21:52:29 EST  	<gary fullett> wont raly alot	
03/24/2003 21:52:34 EST  	<gary fullett> it just means that beans are stronger	
03/24/2003 21:52:53 EST  	<gary fullett> many times	
03/24/2003 21:53:01 EST  	<Steve L> i hear what you're saying but it looks like the risk would be less in wheat gary.	
03/24/2003 21:53:08 EST  	<gary fullett> traders will buy the weakest of the group	
03/24/2003 21:53:17 EST  	<gary fullett> and 'ex[ect it to catch up	
03/24/2003 21:53:36 EST  	<gary fullett> hmm thats a good point to a degree	
03/24/2003 21:53:47 EST  	<Zack> The reward is likely to be less as well Steve L	
03/24/2003 21:53:47 EST  	<gary fullett> why would risk be less steve?	
03/24/2003 21:54:15 EST  	<Dick> less cts to 0	
03/24/2003 21:54:24 EST  	<gary fullett> because it is coser to support	
03/24/2003 21:54:28 EST  	<gary fullett> and beans can breka more?	
03/24/2003 21:54:34 EST  	<gary fullett> break?	
03/24/2003 21:54:39 EST  	<Steve L> if itdidn't move up i'd be real suspicious at this leve	
03/24/2003 21:54:54 EST  	<Steve L> yes.. beans could catch "down" with wheat and corn	
03/24/2003 21:55:05 EST  	<Kent> lol	
03/24/2003 21:55:06 EST  	<gary fullett> u cant look at it this way	
03/24/2003 21:55:21 EST  	<gary fullett> it doesnt matter why beans are stronger here	
03/24/2003 21:55:27 EST  	<gary fullett> but the faxt they are	
03/24/2003 21:55:28 EST  	<Zoo> How closely related are wheat and corn to soybeans?	
03/24/2003 21:55:31 EST  	<gary fullett> fact	
03/24/2003 21:55:32 EST  	<Steve L> that's why i'm here gary.. gaining insight	
03/24/2003 21:55:36 EST  	<gary fullett> :)	
03/24/2003 21:55:40 EST  	<gary fullett> and Im here to help	
03/24/2003 21:55:41 EST  	<Zoo> aren't they completely different commodities?	
03/24/2003 21:56:23 EST  	<Steve L> they tend to move together zoo.. they are part of a "group"	
03/24/2003 21:56:24 EST  	<Zack> All part of the grain "group" zoo---and we are talking relative strength/weakness within a goup	
03/24/2003 21:56:34 EST  	<maurice> Corn and beans are both feeder grains , right?	
03/24/2003 21:57:01 EST  	<gary fullett> i think wheat is as well maurice	
03/24/2003 21:57:27 EST  	<maurice> oh , i see	
03/24/2003 21:58:13 EST  	<gary fullett> yes beans can break more	
03/24/2003 21:58:15 EST  	<Steve L> beans isn't so much a feeder grain.. they make meal and it's used but you can't feed straight beans like you can corn or wheat	
03/24/2003 21:58:15 EST  	<gary fullett> to support	
03/24/2003 21:58:19 EST  	<gary fullett> then wheat and corn can	
03/24/2003 21:58:28 EST  	<gary fullett> but the fact that they are higher menas they are stronger	
03/24/2003 21:58:35 EST  	<gary fullett> and probbaly wont break to that support	
03/24/2003 21:58:41 EST  	<gary fullett> as corn and wheat would	
03/24/2003 21:58:58 EST  	<maurice> oh, tks steve	
03/24/2003 21:59:47 EST  	<gary fullett> so	
03/24/2003 21:59:49 EST  	User [Zoo] left forum.	
03/24/2003 21:59:59 EST  	<gary fullett> how do we look at a group strnghth and wekaness charts	
03/24/2003 22:00:09 EST  	<gary fullett> we look at the monthlyt weekly and daily charts	
03/24/2003 22:00:59 EST  	<gary fullett> so so we look for a group that is strong or weak	
03/24/2003 22:01:06 EST  	<gary fullett> then we look within that group	
03/24/2003 22:01:18 EST  	<gary fullett> to find the strongest stock or commodty	
03/24/2003 22:01:51 EST  	<M.Martin> to identify the strongest, gary, do you look how far it is from support	
03/24/2003 22:01:57 EST  	<Mike> Gary,was Wyckoff's position sheet used for relative strength/weakness within a group of stocks	
03/24/2003 22:02:14 EST  	<gary fullett> yes	
03/24/2003 22:02:19 EST  	<gary fullett> mike	
03/24/2003 22:02:20 EST  	<gary fullett> MM	
03/24/2003 22:02:26 EST  	<gary fullett> I will answer u	
03/24/2003 22:02:36 EST  	<gary fullett> but the answer to mike was yes	
03/24/2003 22:02:43 EST  	<gary fullett> good point MM	
03/24/2003 22:02:57 EST  	<beaubc>	
03/24/2003 22:03:15 EST  	<gary fullett> when a market is in a stronger postion	
03/24/2003 22:03:24 EST  	<gary fullett> it will tendd to reatc from support better	
03/24/2003 22:03:34 EST  	<gary fullett> and it will not retest support as frequenstly	
03/24/2003 22:03:52 EST  	<gary fullett> the greater the reeaction	
03/24/2003 22:04:03 EST  	<gary fullett> the stronger the support	
03/24/2003 22:04:09 EST  	<gary fullett> so u look for reaction	
03/24/2003 22:04:14 EST  	<gary fullett> and look for a commodtiy	
03/24/2003 22:04:23 EST  	<gary fullett> to see how far off of that support it trades	
03/24/2003 22:04:27 EST  	<gary fullett> understand MM?	
03/24/2003 22:04:31 EST  	<M.Martin> y	
03/24/2003 22:04:49 EST  	<gary fullett> good great q	
03/24/2003 22:05:44 EST  	<gary fullett> any other questiosn so far	
03/24/2003 22:06:23 EST  	<gary fullett> okay	
03/24/2003 22:06:41 EST  	<gary fullett> even though grains tend to trade tother	
03/24/2003 22:06:49 EST  	<gary fullett> meanng they tend to rally or break togther	
03/24/2003 22:07:25 EST  	<gary fullett> but within the grain grup	
03/24/2003 22:07:34 EST  	<gary fullett> u will have stronger or weaker ones	
03/24/2003 22:07:47 EST  	<gary fullett> and our job is to pick that commodity or stock	
03/24/2003 22:08:24 EST  	<gary fullett> MM made a point	
03/24/2003 22:08:29 EST  	<gary fullett> about strnehth	
03/24/2003 22:08:39 EST  	<gary fullett> on how far from support it is	
03/24/2003 22:08:42 EST  	<gary fullett> and that many times	
03/24/2003 22:08:45 EST  	<gary fullett> it very true	
03/24/2003 22:08:48 EST  	<gary fullett> and u will see that	
03/24/2003 22:08:56 EST  	<gary fullett> markets that are stronger	
03/24/2003 22:09:11 EST  	<gary fullett> tend NOt to trade t support many times	
03/24/2003 22:09:15 EST  	<gary fullett> and will break	
03/24/2003 22:09:25 EST  	<gary fullett> but wont give u the optimal support price to pay	
03/24/2003 22:09:58 EST  	<gary fullett> o the cm ,akes u "pay up "	
03/24/2003 22:10:28 EST  	<gary fullett> makes	
03/24/2003 22:10:35 EST  	<gary fullett> so if support in beans is 440	
03/24/2003 22:10:43 EST  	<gary fullett> and the beans are at 450	
03/24/2003 22:10:50 EST  	<gary fullett> the pullback may be t 443 area	
03/24/2003 22:10:56 EST  	<gary fullett> and then raly back above 450	
03/24/2003 22:11:12 EST  	<gary fullett> but if that same market wasnt as strong	
03/24/2003 22:11:18 EST  	<gary fullett> the retest maybe to the 440 area	
03/24/2003 22:11:24 EST  	<gary fullett> and retest all the way to support	
03/24/2003 22:11:27 EST  	<gary fullett> at that level	
03/24/2003 22:11:33 EST  	<gary fullett> u need to see the reaction	
03/24/2003 22:11:39 EST  	<gary fullett> if u get a small reac tion	
03/24/2003 22:11:43 EST  	<gary fullett> this is weak price action	
03/24/2003 22:11:59 EST  	<maurice> Gary, are the beans monthly on the "springboard?"	
03/24/2003 22:12:58 EST  	<gary fullett> I beleive yes so far	
03/24/2003 22:13:36 EST  	<gary fullett> we talked about reactions so i dont have to go into that	
03/24/2003 22:13:45 EST  	<gary fullett> but my main point	
03/24/2003 22:13:58 EST  	<gary fullett> is that u buy strenghth	
03/24/2003 22:14:00 EST  	<gary fullett> sell wekaness	
03/24/2003 22:14:10 EST  	<gary fullett> and look for the group that is in the strongest postion	
03/24/2003 22:14:20 EST  	<gary fullett> or in the weakest postion	
03/24/2003 22:14:28 EST  	<gary fullett> an example of this was gold vs silver	
03/24/2003 22:14:31 EST  	<gary fullett> both metals	
03/24/2003 22:14:39 EST  	<gary fullett> gold rallied	
03/24/2003 22:14:45 EST  	<gary fullett> and silver lagged	
03/24/2003 22:14:50 EST  	<gary fullett> so if one wanted to be long	
03/24/2003 22:14:58 EST  	<gary fullett> one would buy gold over silver	
03/24/2003 22:15:18 EST  	<Steve L> ? gary	
03/24/2003 22:15:21 EST  	<gary fullett> and u can see that golds reacrtiosn	
03/24/2003 22:15:24 EST  	<gary fullett> price action	
03/24/2003 22:15:29 EST  	<gary fullett> was more bullish than gold	
03/24/2003 22:15:36 EST  	<gary fullett> yes steve	
03/24/2003 22:15:52 EST  	<maurice> gotta go, thanks Gary, nite all.	
03/24/2003 22:16:01 EST  	<Zack> nite maurice	
03/24/2003 22:16:02 EST  	<gary fullett> night maurice	
03/24/2003 22:16:05 EST  	<cdavid> nite maurice	
03/24/2003 22:16:06 EST  	<Kent> nite m	
03/24/2003 22:16:07 EST  	<greg> night m	
03/24/2003 22:16:11 EST  	<Steve L> we've said the safest Wychoff trade is the retest, we've said the best retest is slow with diminishing volume.. corn looks like it's filling the bill on the monthly	
03/24/2003 22:16:15 EST  	User [maurice] left forum.	
03/24/2003 22:16:21 EST  	<Steve L> retest after the JOC	
03/24/2003 22:16:25 EST  	<gary fullett> thats correct	
03/24/2003 22:16:51 EST  	<gary fullett> so u are saying buy corn vs beans? right?	
03/24/2003 22:16:58 EST  	<Steve L> but you're not talking a "safe" trade so to speak but maybe a more profitable?	
03/24/2003 22:17:22 EST  	<gary fullett> well beans havent retest creek	
03/24/2003 22:17:28 EST  	<Steve L> no i'm just trying to fit what we've discussed in the past into tonight's class	
03/24/2003 22:17:31 EST  	<gary fullett> so beans are amking u buy above creek	
03/24/2003 22:17:37 EST  	<gary fullett> making	
03/24/2003 22:17:48 EST  	<gary fullett> so beans havent had the restest so it is strong	
03/24/2003 22:18:15 EST  	<gary fullett> if u r asking shoud i buy corn on a rteest of creek	
03/24/2003 22:18:38 EST  	<gary fullett> and the answer would be yes	
03/24/2003 22:19:09 EST  	<gary fullett> I think one should buy at creek	
03/24/2003 22:19:23 EST  	<gary fullett> i am talking about strenghth and weakness steve	
03/24/2003 22:19:25 EST  	<gary fullett> Not	
03/24/2003 22:19:33 EST  	<gary fullett> where the safest trade is	
03/24/2003 22:19:43 EST  	<Steve L> ok..	
03/24/2003 22:19:44 EST  	<gary fullett> differnt topic	
03/24/2003 22:20:13 EST  	<gary fullett> but yes a retest of mnthly creek	
03/24/2003 22:20:21 EST  	<gary fullett> is one of the safest wyckoff trades	
03/24/2003 22:20:33 EST  	<Kent> you buy strength to get the most bang for your buck	
03/24/2003 22:20:45 EST  	<gary fullett> not necessarily	
03/24/2003 22:20:53 EST  	<gary fullett> but the stronger the market u buy	
03/24/2003 22:20:53 EST  	<greg> there are many pieces to making "the proper trade", strength and weakness is one consideration, is it proper to buy at the backup of the creek...yes, is it more proper to buy strength than a backup...yes	
03/24/2003 22:20:58 EST  	<gary fullett> the less risk gerally	
03/24/2003 22:21:04 EST  	<gary fullett> because the pullback is less likly	
03/24/2003 22:21:15 EST  	<gary fullett> i didnt sday beans will out rally corn and wheat here	
03/24/2003 22:21:22 EST  	<gary fullett> i am saying beans are stronger	
03/24/2003 22:21:34 EST  	<gary fullett> and the risk to reawrd better	
03/24/2003 22:21:36 EST  	<Steve L> ok,, i'm with ya..	
03/24/2003 22:21:41 EST  	<Kent> k	
03/24/2003 22:21:42 EST  	<gary fullett> there is a reason why benas are stronger	
03/24/2003 22:22:04 EST  	<gary fullett> can wheat and corn tak ovber leader ship	
03/24/2003 22:22:11 EST  	<gary fullett> and the answer is maybe	
03/24/2003 22:22:13 EST  	<gary fullett> BUT	
03/24/2003 22:22:22 EST  	<gary fullett> the beans are less lily to pullback to support	
03/24/2003 22:22:30 EST  	<gary fullett> as corn and wheat wou;d	
03/24/2003 22:22:44 EST  	<gary fullett> this goes for intraday strenghth as well	
03/24/2003 22:23:11 EST  	<gary fullett> the reason why one is stronger than the other	
03/24/2003 22:23:15 EST  	<gary fullett> is prob because	
03/24/2003 22:23:22 EST  	<gary fullett> the cm is long the stornger one	
03/24/2003 22:23:30 EST  	<gary fullett> 1 would have to assume	
03/24/2003 22:24:41 EST  	<gary fullett> understand?	
03/24/2003 22:24:52 EST  	<M.Martin> y	
03/24/2003 22:24:55 EST  	<gary fullett> if wheat becomes stronger over beans	
03/24/2003 22:24:58 EST  	<gary fullett> then buy wheat	
03/24/2003 22:25:12 EST  	<gary fullett> many times strnghth and weakness will change	
03/24/2003 22:25:18 EST  	<gary fullett> this may be a red flag	
03/24/2003 22:25:24 EST  	<gary fullett> or it may mena a seasonal thing	
03/24/2003 22:25:31 EST  	<gary fullett> or it may be a change of leadership	
03/24/2003 22:26:03 EST  	<gary fullett> but u want to buy a strong group	
03/24/2003 22:26:08 EST  	<gary fullett> sell a weak group	
03/24/2003 22:26:15 EST  	<gary fullett> buy the strongest within a strong group	
03/24/2003 22:26:24 EST  	<gary fullett> and sell the weakest in the weakest group	
03/24/2003 22:26:28 EST  	<gary fullett> is my main point	
03/24/2003 22:27:10 EST  	<gary fullett> and many times as MM said before	
03/24/2003 22:27:15 EST  	<gary fullett> u can tell by reaction	
03/24/2003 22:27:19 EST  	<gary fullett> b ut look at all time frames	
03/24/2003 22:27:22 EST  	<gary fullett> thats important	
03/24/2003 22:27:25 EST  	<gary fullett> always is	
03/24/2003 22:27:54 EST  	<Kent> nothing to it, is there? LOL	
03/24/2003 22:28:05 EST  	<M.Martin> i'm with you, kent	
03/24/2003 22:28:09 EST  	<gary fullett> I will sned charts on it	
03/24/2003 22:28:12 EST  	<gary fullett> send	
03/24/2003 22:28:16 EST  	<gary fullett> there is alot to learn	
03/24/2003 22:28:32 EST  	<gary fullett> what charts would u like tomororow on any wyckoff principles?	
03/24/2003 22:28:41 EST  	<gary fullett> last week we did sot ect	
03/24/2003 22:28:47 EST  	<gary fullett> is there one u want me to send?.	
03/24/2003 22:28:48 EST  	<M.Martin> crude	
03/24/2003 22:29:07 EST  	<gary fullett> what tme frame?	
03/24/2003 22:29:14 EST  	<M.Martin> daily	
03/24/2003 22:29:27 EST  	<gary fullett> okay	
03/24/2003 22:29:29 EST  	<M.Martin> or weekly	
03/24/2003 22:29:33 EST  	<Kent> absorption	
03/24/2003 22:29:35 EST  	<gary fullett> any wyckoff principle charts?	
03/24/2003 22:29:41 EST  	<gary fullett> abosrption okay	
03/24/2003 22:29:46 EST  	<M.Martin> hogs	
03/24/2003 22:30:09 EST  	<gary fullett> ttme frame?	
03/24/2003 22:30:14 EST  	<M.Martin> d/w	
03/24/2003 22:30:20 EST  	<greg> cd would be good for strength and strong reaction off support	
03/24/2003 22:30:22 EST  	<gary fullett> okay	
03/24/2003 22:30:23 EST  	<Zack> If MM wants the crude chart Gary---perhaps do the entire energy "group" and w can look at relative srength/weakness of the group	
03/24/2003 22:30:36 EST  	<gary fullett> i was thinking of that when she asked	
03/24/2003 22:30:36 EST  	<M.Martin> very good idea, zack	
03/24/2003 22:30:38 EST  	<gary fullett> i will :)	
03/24/2003 22:30:43 EST  	<gary fullett> all tiem frames onm crude	
03/24/2003 22:31:06 EST  	<M.Martin> not trading but thought it would be interesting	
03/24/2003 22:31:11 EST  	<gary fullett> i will sned thse with graisn probbaly	
03/24/2003 22:31:18 EST  	<gary fullett> okay:)	
03/24/2003 22:31:23 EST  	<gary fullett> any questions tonight	
03/24/2003 22:31:29 EST  	<gary fullett> next week i will talk on spreads	
03/24/2003 22:31:32 EST  	<gary fullett> next monday	
03/24/2003 22:31:40 EST  	<gary fullett> it goes along wioth todays discussion	
03/24/2003 22:31:41 EST  	<M.Martin> thanks for the class tonight, gary - will have to check that bean chart	
03/24/2003 22:32:00 EST  	<cdavid> nite all, thanx, gary, zack, greg, everyone	
03/24/2003 22:32:02 EST  	<gary fullett> look at thta chart relative to wheta an dbeans	
03/24/2003 22:32:06 EST  	<gary fullett> and where its postion is	
03/24/2003 22:32:07 EST  	<meg> thanks gary - goodnight to all	
03/24/2003 22:32:11 EST  	<M.Martin> good night all	
03/24/2003 22:32:14 EST  	User [meg] left forum.	
03/24/2003 22:32:15 EST  	<gary fullett> I will see u all tomoorow	
03/24/2003 22:32:16 EST  	User [cdavid] left forum.	
03/24/2003 22:32:18 EST  	<Zack> Do it in conjunction with the othr grain charts MM	
03/24/2003 22:32:19 EST  	<gary fullett> good night thank u	
03/24/2003 22:32:22 EST  	User [gary fullett] left forum.