09/14/2004 20:43:41 EDT User [gary fullett] joined forum from 68.73.80.40 09/14/2004 20:43:53 EDT Did we only get three charts tonight? 09/14/2004 20:44:00 EDT Hello GF 09/14/2004 20:44:16 EDT hey gary 09/14/2004 20:44:20 EDT Hi Gary 09/14/2004 20:44:21 EDT yes 09/14/2004 20:44:30 EDT hi 09/14/2004 20:44:37 EDT User [Frank] joined forum from 216.51.242.185 09/14/2004 20:44:45 EDT Live cattle loooks awesome for a short 09/14/2004 20:44:46 EDT All cows night Mo! 09/14/2004 20:45:15 EDT Hi All 09/14/2004 20:45:35 EDT Question Gary 09/14/2004 20:45:58 EDT sure 09/14/2004 20:46:02 EDT you put a lot of work into these charts, Gary ... thank you. Looks like we are about to learn a lot. 09/14/2004 20:46:20 EDT this are the type of charts at the semianr 09/14/2004 20:46:22 EDT detasiled 09/14/2004 20:46:37 EDT can't wait 09/14/2004 20:46:52 EDT How can one tell the difference between absorption volume or distribution ?? 09/14/2004 20:47:20 EDT i will go into that usually trned 09/14/2004 20:47:20 EDT almost like chapter 7 of SMI course gary :) 09/14/2004 20:47:41 EDT I wa s reading some of it today 09/14/2004 20:48:04 EDT User [Eric] joined forum from 66.245.9.35 09/14/2004 20:48:49 EDT Hi everyone 09/14/2004 20:49:01 EDT hi eric 09/14/2004 20:49:22 EDT hi 09/14/2004 20:49:46 EDT the daily cattle chart 09/14/2004 20:50:00 EDT is almost classical and i just pulled the first chart off 09/14/2004 20:50:05 EDT as it made a move this yr 09/14/2004 20:50:06 EDT User [M.Martin] joined forum from 68.11.103.155 09/14/2004 20:50:29 EDT User [Zack] joined forum from 207.168.131.8 09/14/2004 20:50:35 EDT Hi folks 09/14/2004 20:50:39 EDT Welcome back, Zack 09/14/2004 20:50:40 EDT !MM !Z 09/14/2004 20:51:01 EDT Hi MM Zack 09/14/2004 20:51:12 EDT MM Z Hi 09/14/2004 20:51:18 EDT a very classsical chart 09/14/2004 20:51:51 EDT hey zacky 09/14/2004 20:51:52 EDT i too it from the sc 09/14/2004 20:52:24 EDT i sure like those charts you sent, gary! - i assume we are cattle 09/14/2004 20:52:25 EDT u see the sc 09/14/2004 20:52:31 EDT y 09/14/2004 20:52:35 EDT y sc 09/14/2004 20:52:44 EDT notice close 09/14/2004 20:52:57 EDT high close 09/14/2004 20:53:03 EDT correct 09/14/2004 20:53:04 EDT so now we're into the AR ?? 09/14/2004 20:53:07 EDT good colume 09/14/2004 20:53:13 EDT since it was so deep of a sc 09/14/2004 20:53:34 EDT which co-encides with the ice 09/14/2004 20:54:04 EDT since the sc was so violent 09/14/2004 20:54:07 EDT good loom 09/14/2004 20:54:13 EDT u moved up after the sc 09/14/2004 20:54:21 EDT where did the rally stop? 09/14/2004 20:54:28 EDT 2 reasons 1 prev ice 09/14/2004 20:54:34 EDT at the ice 09/14/2004 20:54:35 EDT 2 no cause to susatin 09/14/2004 20:55:01 EDT see this 09/14/2004 20:55:04 EDT volume dried up 09/14/2004 20:55:04 EDT at 7750 09/14/2004 20:55:09 EDT y 09/14/2004 20:55:10 EDT y retest ice 09/14/2004 20:55:58 EDT Was the violence of the SC the reason that the accumulation area never came fully down to retest the SC or have a terminal shakeout? 09/14/2004 20:56:08 EDT User [firedog] joined forum from 4.225.186.172 09/14/2004 20:56:16 EDT correct whit 09/14/2004 20:56:25 EDT thanks 09/14/2004 20:57:01 EDT so the sc trapped alot of shorts 09/14/2004 20:57:10 EDT and wipe d out the longs 09/14/2004 20:57:39 EDT double whammy 09/14/2004 20:57:50 EDT good call Whit 09/14/2004 20:57:53 EDT and classsical 09/14/2004 20:58:03 EDT so becacuse it was violent 09/14/2004 20:58:05 EDT sc 09/14/2004 20:58:14 EDT u never got a full retest to trap people 09/14/2004 20:58:17 EDT understand 09/14/2004 20:58:35 EDT y 09/14/2004 20:58:37 EDT looks like shakeout, not SC 09/14/2004 20:58:39 EDT y 09/14/2004 20:58:44 EDT it was a sc 09/14/2004 20:58:45 EDT no downtrend to end 09/14/2004 20:58:51 EDT y 09/14/2004 20:59:01 EDT just bang out of range and right backinto it 09/14/2004 20:59:54 EDT "A major panic that occurs at the end of a steep decline in prices. " 09/14/2004 20:59:56 EDT so after the retest 09/14/2004 20:59:58 EDT cattle 09/14/2004 21:00:40 EDT TSO - "A decline below area of accumulation, which reverses itself rather quickly and vigorously back into the accumulation area." 09/14/2004 21:00:43 EDT u had a tr 09/14/2004 21:00:56 EDT y 09/14/2004 21:01:12 EDT correct phb 09/14/2004 21:01:15 EDT this tr 09/14/2004 21:01:18 EDT was to buld cause 09/14/2004 21:01:51 EDT as u can see the creek si defined 09/14/2004 21:02:00 EDT and in early march 09/14/2004 21:02:41 EDT u went to creek and failed 09/14/2004 21:02:57 EDT see this 09/14/2004 21:03:02 EDT but tis reaction 09/14/2004 21:03:02 EDT y 09/14/2004 21:03:25 EDT thne we retested the creek area of this tr 09/14/2004 21:03:29 EDT y 09/14/2004 21:03:41 EDT x 2 09/14/2004 21:04:01 EDT thenafter a retest 09/14/2004 21:04:06 EDT u went back to top of creek 09/14/2004 21:04:16 EDT see where i wrote weak close 09/14/2004 21:04:21 EDT y 09/14/2004 21:04:27 EDT y writing 09/14/2004 21:04:29 EDT but this acton wasnt as bad as the last time at creek 09/14/2004 21:04:31 EDT y 09/14/2004 21:04:56 EDT then u wenr about half way in this range 09/14/2004 21:05:22 EDT then we slowly crept up 09/14/2004 21:05:29 EDT see the tight ranges 09/14/2004 21:05:33 EDT near creek 09/14/2004 21:05:41 EDT to top of the range 09/14/2004 21:05:41 EDT y 09/14/2004 21:06:01 EDT y grind up 09/14/2004 21:06:10 EDT so after the second time to creek 09/14/2004 21:06:13 EDT the reaction was less 09/14/2004 21:06:15 EDT see this 09/14/2004 21:06:18 EDT y 09/14/2004 21:06:19 EDT y 09/14/2004 21:06:25 EDT y less down 09/14/2004 21:06:26 EDT y 09/14/2004 21:06:43 EDT User [Dennis] joined forum from 64.63.215.187 09/14/2004 21:06:54 EDT so this half was retest 09/14/2004 21:07:01 EDT was construtive as u didnt retest the ice 09/14/2004 21:07:12 EDT very 09/14/2004 21:07:32 EDT so then the grind 09/14/2004 21:07:37 EDT see this grind at creek 09/14/2004 21:07:44 EDT Gary, if you looked on an intra day chart of the absorption area, would you see anything remarkable that would aid in identifying absorption? 09/14/2004 21:08:08 EDT y grind @ creek 09/14/2004 21:08:53 EDT the action intraday and generlaly close 09/14/2004 21:09:26 EDT Gary, the question on absorption volume 09/14/2004 21:10:17 EDT okay 09/14/2004 21:10:33 EDT User [Guest2] joined forum from 24.243.190.89 09/14/2004 21:11:21 EDT how can you tell the difference, ab volume and distribution 09/14/2004 21:11:44 EDT well if u had ending action 09/14/2004 21:11:48 EDT or do you just wait for the breakout 09/14/2004 21:11:50 EDT like in jan 09/14/2004 21:11:55 EDT prob absortion 09/14/2004 21:11:57 EDT and the closes 09/14/2004 21:12:19 EDT ah yes, the closes 09/14/2004 21:12:26 EDT so u grinded up 09/14/2004 21:12:34 EDT look at the close 09/14/2004 21:12:42 EDT before the joc what do i notice 09/14/2004 21:12:50 EDT up close 09/14/2004 21:12:52 EDT ????? 09/14/2004 21:13:03 EDT high end closes 09/14/2004 21:13:12 EDT yes 09/14/2004 21:13:14 EDT large vol tight range higher closes 09/14/2004 21:13:37 EDT yes 09/14/2004 21:13:41 EDT this is absortion 09/14/2004 21:13:51 EDT see this 09/14/2004 21:13:54 EDT then a joc 09/14/2004 21:13:55 EDT y 09/14/2004 21:14:02 EDT It was nice of these ol' Bessies to JOC and then wait for everyone to get on board before run-up 09/14/2004 21:14:03 EDT and a possible strignth 09/14/2004 21:14:09 EDT and distribution is just the opposite 09/14/2004 21:14:34 EDT correct canal 09/14/2004 21:14:44 EDT so the joc wasnt great 09/14/2004 21:14:44 EDT thanks Gary 09/14/2004 21:14:49 EDT but above resiatnce creek 09/14/2004 21:14:55 EDT then a retest 09/14/2004 21:15:00 EDT but not ll the way 09/14/2004 21:15:04 EDT and then mark up 09/14/2004 21:15:20 EDT see this 09/14/2004 21:15:27 EDT so u hasd severla months of cause 09/14/2004 21:16:15 EDT then marke up 09/14/2004 21:16:27 EDT and sideways action at 8500 area 09/14/2004 21:16:39 EDT see the retest after mark up 09/14/2004 21:16:44 EDT mid may 09/14/2004 21:16:51 EDT u have small ramges 09/14/2004 21:16:57 EDT this means lack of supply 09/14/2004 21:17:17 EDT as the market retested after mark up 09/14/2004 21:17:19 EDT see this 09/14/2004 21:17:29 EDT y 09/14/2004 21:17:31 EDT y 09/14/2004 21:17:38 EDT so then Gary, when did the supply enter 09/14/2004 21:17:42 EDT y small ranges retest 09/14/2004 21:18:01 EDT didnt yet canal 09/14/2004 21:18:10 EDT supply arrives in JUN 09/14/2004 21:18:11 EDT y 09/14/2004 21:18:47 EDT final; Canada 3, Finland 2 09/14/2004 21:18:57 EDT yeah 09/14/2004 21:19:44 EDT Great White North Art 09/14/2004 21:19:50 EDT lol 09/14/2004 21:20:24 EDT Was white for 2 days last wk 09/14/2004 21:20:27 EDT then u have a move back up to new highs 09/14/2004 21:21:17 EDT back to the ice ?? 09/14/2004 21:21:41 EDT then new highs 09/14/2004 21:21:54 EDT y 09/14/2004 21:23:00 EDT User [Guest2] left forum. 09/14/2004 21:23:33 EDT new highs at trendline label... 09/14/2004 21:23:37 EDT look at the close 09/14/2004 21:23:44 EDT y 09/14/2004 21:23:53 EDT poor close at first... 09/14/2004 21:24:13 EDT poor closeS 09/14/2004 21:24:35 EDT yes 09/14/2004 21:24:38 EDT and volume 09/14/2004 21:24:48 EDT decliing vol 09/14/2004 21:24:53 EDT no volume ?????? 09/14/2004 21:25:31 EDT User [suneel] joined forum from 172.192.205.93 09/14/2004 21:25:55 EDT volume was high 09/14/2004 21:25:57 EDT supply 09/14/2004 21:26:06 EDT i see 09/14/2004 21:26:20 EDT supply before UT in price 09/14/2004 21:26:44 EDT this was the long getting longer 09/14/2004 21:26:50 EDT isn't thats the way it 's supposed to be 09/14/2004 21:27:11 EDT what do you mean 09/14/2004 21:27:55 EDT was late May/early june considered BC? 09/14/2004 21:28:09 EDT so the longs got loger 09/14/2004 21:28:12 EDT shorts gotout 09/14/2004 21:28:21 EDT then u had a break 09/14/2004 21:28:21 EDT 09/14/2004 21:28:27 EDT to prev ressiatnce now supprt 09/14/2004 21:28:28 EDT I understand now , thanks 09/14/2004 21:29:08 EDT Support ~ 8550 09/14/2004 21:29:19 EDT correct\\ 09/14/2004 21:29:23 EDT do we get any clues in this little tr that we will ut? 09/14/2004 21:29:43 EDT question gary 09/14/2004 21:30:03 EDT yes 09/14/2004 21:30:10 EDT u do kater mm 09/14/2004 21:30:59 EDT why is the high vol and price bar with the high close labeled supply? 09/14/2004 21:31:17 EDT early june 09/14/2004 21:31:28 EDT close is less than mid there ADJ 09/14/2004 21:31:53 EDT supply occurs before that bar too 09/14/2004 21:32:08 EDT start of distribution... 09/14/2004 21:32:09 EDT the close is a high close 09/14/2004 21:32:10 EDT becaus eof the closes 09/14/2004 21:32:51 EDT the closes prior to the high vol day 09/14/2004 21:33:07 EDT u had a wide bar 09/14/2004 21:33:12 EDT and closed off the highs 09/14/2004 21:33:26 EDT u had several weak closes 09/14/2004 21:33:31 EDT aftre u made new highs 09/14/2004 21:34:04 EDT see the cloes after u made new highs 09/14/2004 21:34:07 EDT yes, end of may, right 09/14/2004 21:34:12 EDT yes 09/14/2004 21:34:15 EDT y 09/14/2004 21:34:21 EDT down down down 09/14/2004 21:34:29 EDT then the retest 09/14/2004 21:34:31 EDT back to ice 09/14/2004 21:34:35 EDT at 8500 09/14/2004 21:34:35 EDT y ice 09/14/2004 21:34:48 EDT two down days after the new high 09/14/2004 21:35:01 EDT and now to continue the downside progress 09/14/2004 21:35:01 EDT right supply 09/14/2004 21:35:13 EDT and lots of it 09/14/2004 21:35:14 EDT then a retest 09/14/2004 21:35:22 EDT to 90 area 09/14/2004 21:35:37 EDT less than prev high... 09/14/2004 21:36:18 EDT Gary, no classess on wed or thurs ?? 09/14/2004 21:36:38 EDT and back to ice... 09/14/2004 21:36:53 EDT and another retest to a lower high (again)... 09/14/2004 21:37:01 EDT yes 09/14/2004 21:37:21 EDT correct 09/14/2004 21:37:25 EDT i have holiday 09/14/2004 21:37:33 EDT [no story for suneel this week ;-(] 09/14/2004 21:37:41 EDT lol 09/14/2004 21:37:46 EDT I know 09/14/2004 21:37:58 EDT what holiday, if I may ask 09/14/2004 21:38:09 EDT so aftre the break to 85 09/14/2004 21:38:11 EDT and a retest 09/14/2004 21:38:28 EDT u went inder the 8500 area 09/14/2004 21:38:34 EDT and made a spring 09/14/2004 21:38:39 EDT this was probing action 09/14/2004 21:39:23 EDT vol was increasing as u made the low b4 spring... 09/14/2004 21:39:39 EDT right a probing 09/14/2004 21:39:49 EDT probing for demand?? 09/14/2004 21:39:54 EDT then u went and retested the highs 09/14/2004 21:40:12 EDT probing supply dick 09/14/2004 21:40:16 EDT for a move under ice 09/14/2004 21:40:19 EDT exceeded the previous high on even lighter volume... 09/14/2004 21:40:20 EDT k 09/14/2004 21:40:23 EDT Thanks everyone, I was not aware 09/14/2004 21:40:34 EDT so then after this spring 09/14/2004 21:40:53 EDT u made a rtest 09/14/2004 21:41:03 EDT and built cause 09/14/2004 21:41:10 EDT but remeber u had a cob 09/14/2004 21:41:16 EDT after the supply 09/14/2004 21:41:21 EDT cm sold the rest of his supply... 09/14/2004 21:41:22 EDT at 90 the first time 09/14/2004 21:41:41 EDT understand? 09/14/2004 21:41:56 EDT y 09/14/2004 21:41:56 EDT y 09/14/2004 21:42:01 EDT y cob 09/14/2004 21:42:02 EDT y 09/14/2004 21:42:04 EDT y 09/14/2004 21:42:09 EDT y 09/14/2004 21:42:14 EDT weak reactions in new TR 09/14/2004 21:42:52 EDT so u made new highs 09/14/2004 21:42:59 EDT I have to go, good night everyone, thanks Gary 09/14/2004 21:43:01 EDT above the prev high 09/14/2004 21:43:04 EDT and look at close 09/14/2004 21:43:04 EDT User [Eric] left forum. 09/14/2004 21:43:24 EDT you had fast reaction from that spring - does that mean anything at this point in tr 09/14/2004 21:43:43 EDT yes MM 09/14/2004 21:43:45 EDT Was that a proper short at the UT, or do we need to see a more definitive SOW? 09/14/2004 21:43:49 EDT means that it will make a retest 09/14/2004 21:43:57 EDT and still has some demand 09/14/2004 21:44:01 EDT and wil retest 09/14/2004 21:44:12 EDT i will get there whit :) 09/14/2004 21:44:16 EDT ok 09/14/2004 21:44:46 EDT UT close not so hot... 09/14/2004 21:44:47 EDT so u made a UT 09/14/2004 21:44:50 EDT see this 09/14/2004 21:44:55 EDT y 09/14/2004 21:44:55 EDT y UT 09/14/2004 21:44:59 EDT you mean retest the high Gary 09/14/2004 21:45:01 EDT Goodnight all,,,,,, a wonderfull chat as always 09/14/2004 21:45:12 EDT nte, canal 09/14/2004 21:45:13 EDT User [maurice] left forum. 09/14/2004 21:45:51 EDT see you next weeek, ENJOY 09/14/2004 21:45:52 EDT 09/14/2004 21:46:11 EDT so the weak close after the retsst 09/14/2004 21:46:14 EDT at this point 09/14/2004 21:46:18 EDT wht u can sell short 09/14/2004 21:46:24 EDT with a stop above UT 09/14/2004 21:46:43 EDT see this 09/14/2004 21:46:52 EDT y 09/14/2004 21:47:20 EDT did you close the short this week? 09/14/2004 21:47:32 EDT @ spring... 09/14/2004 21:47:47 EDT User [canal] left forum. 09/14/2004 21:47:50 EDT User [firedog] left forum. 09/14/2004 21:47:51 EDT last wek 09/14/2004 21:48:06 EDT spring was last week 09/14/2004 21:48:07 EDT ao aftre the retest 09/14/2004 21:48:17 EDT u retested ice 09/14/2004 21:48:31 EDT and a poor retest 09/14/2004 21:48:37 EDT mid auguest 09/14/2004 21:48:54 EDT retest only made 90 = Red Flag! 09/14/2004 21:49:36 EDT correct 09/14/2004 21:49:41 EDT and what is sig about 90? 09/14/2004 21:49:54 EDT then a sow on the cow...;-) 09/14/2004 21:50:09 EDT it was the high 09/14/2004 21:50:13 EDT in june 09/14/2004 21:50:15 EDT supply at 90 twice 09/14/2004 21:50:18 EDT 90 was top of TR, see high in JUN 09/14/2004 21:50:20 EDT yes 09/14/2004 21:50:28 EDT see the weak retest 09/14/2004 21:50:33 EDT back to 90 09/14/2004 21:50:37 EDT was labored 09/14/2004 21:50:39 EDT y 09/14/2004 21:50:58 EDT see the small range 09/14/2004 21:51:04 EDT on the rtest 09/14/2004 21:51:08 EDT thjis is a lack of demand 09/14/2004 21:51:24 EDT then u had a gap 09/14/2004 21:51:32 EDT this gap was a sow 09/14/2004 21:51:45 EDT why would it gap up, close high and then go down? CM manipulating the market? 09/14/2004 21:51:57 EDT great explanation and markings, gary! 09/14/2004 21:52:10 EDT no juts market actin 09/14/2004 21:52:23 EDT look at the close of this gap down day 09/14/2004 21:52:28 EDT lower end 09/14/2004 21:52:51 EDT look at the next day 09/14/2004 21:52:54 EDT after weakness 09/14/2004 21:52:57 EDT what do u see 09/14/2004 21:53:08 EDT small range 09/14/2004 21:53:11 EDT small range 09/14/2004 21:53:13 EDT NO demand after supply 09/14/2004 21:53:19 EDT if the gap down was a sow - was the gap up a sos? 09/14/2004 21:53:20 EDT this IS not a sot 09/14/2004 21:53:26 EDT yes adj 09/14/2004 21:53:37 EDT thks 09/14/2004 21:54:17 EDT can u all see the labeling? 09/14/2004 21:54:23 EDT y 09/14/2004 21:54:27 EDT y 09/14/2004 21:54:33 EDT y 09/14/2004 21:54:53 EDT good this chart is labeled well 09/14/2004 21:54:58 EDT y 09/14/2004 21:55:03 EDT I used my magnifying glass... 09/14/2004 21:55:24 EDT good 09/14/2004 21:55:56 EDT you didn't discuss the final spring 09/14/2004 21:56:09 EDT nowin a new trading range? 09/14/2004 21:56:11 EDT I'm surprised it was so strong after the breakdown... 09/14/2004 21:56:59 EDT increased vol and big gap up in price again... 09/14/2004 21:57:21 EDT corect frank 09/14/2004 21:57:31 EDT 8250-9000 ongoing TR 09/14/2004 21:57:36 EDT i didnt get there yet phb 09/14/2004 21:57:54 EDT it looks like the cattle is test the break at ice 09/14/2004 21:57:58 EDT a few days ago 09/14/2004 21:57:58 EDT oooops, I made a Whit... 09/14/2004 21:58:07 EDT ;-) 09/14/2004 21:58:11 EDT u went to 8250 and made a small srong 09/14/2004 21:58:22 EDT and u reacted till today 09/14/2004 21:58:49 EDT User [M.Martin] left forum. 09/14/2004 21:59:00 EDT User [M.Martin] joined forum from 68.11.103.155 09/14/2004 21:59:13 EDT now 09/14/2004 21:59:22 EDT this is about as well as u cna label a chart 09/14/2004 21:59:31 EDT look at the areas I labeled 09/14/2004 21:59:38 EDT small srong? 09/14/2004 21:59:43 EDT applause sign comes on... 09/14/2004 21:59:44 EDT and look at the individual bar areas 09/14/2004 21:59:51 EDT small spring kent 09/14/2004 21:59:51 EDT within the labeling 09/14/2004 21:59:57 EDT today an sot? 09/14/2004 22:00:09 EDT ok, thanks phb 09/14/2004 22:00:39 EDT yes 09/14/2004 22:00:49 EDT i think we will go lower here 09/14/2004 22:01:07 EDT the key to what i did 09/14/2004 22:01:12 EDT is to look at every bar 09/14/2004 22:01:20 EDT when u have an uptrned 09/14/2004 22:01:25 EDT or accumautlion 09/14/2004 22:01:30 EDT u r looking for weak closes 09/14/2004 22:01:38 EDT to se eif supply enters 09/14/2004 22:01:47 EDT and if the market breaks 09/14/2004 22:01:53 EDT u r seeing if it makes a springs 09/14/2004 22:01:59 EDT or closes under supports 09/14/2004 22:02:06 EDT this would negate the bullishness 09/14/2004 22:02:21 EDT at creek u r looking for small ranges 09/14/2004 22:02:25 EDT as absortion 09/14/2004 22:02:34 EDT u have a great example of absortion 09/14/2004 22:02:40 EDT late march 09/14/2004 22:03:35 EDT early april 09/14/2004 22:03:48 EDT yes 09/14/2004 22:03:55 EDT u see the grinding 09/14/2004 22:04:04 EDT look at the closes for the most part 09/14/2004 22:04:09 EDT higher end 09/14/2004 22:04:36 EDT now why cant this be distibiton? 09/14/2004 22:05:01 EDT becuase of the acton in jan 09/14/2004 22:05:02 EDT higher higs and higher lows for the most partt 09/14/2004 22:05:10 EDT yes adj that true as well 09/14/2004 22:05:38 EDT and aftre the sc 09/14/2004 22:05:42 EDT or shkout 09/14/2004 22:05:45 EDT ending action 09/14/2004 22:05:53 EDT the cob was higher 09/14/2004 22:06:16 EDT so u learn towrds abosption 09/14/2004 22:06:28 EDT aftre u had the sc or shakeout 09/14/2004 22:06:37 EDT did supply enter 09/14/2004 22:06:45 EDT before u had a joc 09/14/2004 22:06:50 EDT in april? 09/14/2004 22:07:04 EDT n 09/14/2004 22:07:04 EDT n 09/14/2004 22:07:10 EDT n supply 09/14/2004 22:07:13 EDT right 09/14/2004 22:07:21 EDT so thats why it was prob absorption 09/14/2004 22:07:33 EDT so a tip off 09/14/2004 22:07:47 EDT will do alot of this at the semiar 09/14/2004 22:08:10 EDT Gary, this was terrific .. thank you. Have a great holiday. Good night everyone 09/14/2004 22:08:24 EDT User [Whit] left forum. 09/14/2004 22:09:03 EDT so the next real supply u get is at 90 09/14/2004 22:09:14 EDT and the large volume showeed htere 09/14/2004 22:09:21 EDT and then u had the UT 09/14/2004 22:09:24 EDT and distribtion 09/14/2004 22:09:41 EDT so u went from an uptrend to down trned on the daily chart tme frame 09/14/2004 22:09:53 EDT u can clearly see the up and down 09/14/2004 22:09:59 EDT great example 09/14/2004 22:10:08 EDT please print this out and u will see all wyckoff 09/14/2004 22:10:12 EDT any questions? 09/14/2004 22:10:20 EDT did i explain thsi well? 09/14/2004 22:10:32 EDT y 09/14/2004 22:10:38 EDT very well, thank you 09/14/2004 22:10:44 EDT okay weekly 09/14/2004 22:10:53 EDT differnt looking chart 09/14/2004 22:10:54 EDT y 09/14/2004 22:10:56 EDT time frames 09/14/2004 22:11:02 EDT if thehas the T & F cause been used up. this could be redistribution 09/14/2004 22:11:04 EDT I labeled this 09/14/2004 22:11:12 EDT buit not as much as the daily 09/14/2004 22:11:20 EDT but u can see the major lines 09/14/2004 22:11:34 EDT correct adj 09/14/2004 22:11:42 EDT thks 09/14/2004 22:12:08 EDT look at april 02 09/14/2004 22:12:40 EDT this was a retest 09/14/2004 22:12:49 EDT of oct 2001 lows 09/14/2004 22:12:56 EDT same volume 09/14/2004 22:13:10 EDT then u had a spring 09/14/2004 22:13:16 EDT this is called a terminal spring 09/14/2004 22:13:25 EDT it was the last spring before an up move 09/14/2004 22:13:31 EDT see this 09/14/2004 22:13:39 EDT Well, I have to run, see ya next week. Thanks Gary, great class 09/14/2004 22:13:48 EDT y , 4 bar spring? 09/14/2004 22:13:53 EDT User [kent] left forum. 09/14/2004 22:13:59 EDT t terminal spring 09/14/2004 22:14:03 EDT y 09/14/2004 22:14:08 EDT y 09/14/2004 22:14:23 EDT night kent ty 09/14/2004 22:14:36 EDT yes kewnt 09/14/2004 22:14:42 EDT yes peter sorry 09/14/2004 22:14:44 EDT but 09/14/2004 22:14:56 EDT still a apring but not commom 09/14/2004 22:15:17 EDT ok ty, haven't seen before 09/14/2004 22:15:33 EDT me either lol 09/14/2004 22:15:41 EDT but its the action more imp 09/14/2004 22:15:47 EDT then the number of bars 09/14/2004 22:16:13 EDT this spring was not typical 09/14/2004 22:16:13 EDT I agree, but would have fooled me on the 4th bar:) 09/14/2004 22:16:27 EDT then go to 3 bars and stay drunk lol 09/14/2004 22:16:31 EDT y action = spring 09/14/2004 22:16:34 EDT lol 09/14/2004 22:17:09 EDT lol 09/14/2004 22:17:22 EDT see the down trend line 09/14/2004 22:17:34 EDT y dtl 09/14/2004 22:17:37 EDT u broke above it 09/14/2004 22:17:41 EDT in oct 09/14/2004 22:17:56 EDT Thanks Gary---nice presentation---'nite folks 09/14/2004 22:17:58 EDT y sos 09/14/2004 22:18:13 EDT night Zack 09/14/2004 22:18:24 EDT night zack 09/14/2004 22:18:26 EDT tty 09/14/2004 22:18:33 EDT User [Zack] left forum. 09/14/2004 22:18:34 EDT when u broke this down trend line 09/14/2004 22:18:40 EDT this wwas a JOC 09/14/2004 22:18:44 EDT i mean a sos 09/14/2004 22:18:55 EDT because u went above that doewn trned line 09/14/2004 22:19:02 EDT and closed above it 09/14/2004 22:19:22 EDT see this line? 09/14/2004 22:19:33 EDT y line 09/14/2004 22:19:33 EDT y 09/14/2004 22:19:45 EDT y 09/14/2004 22:20:16 EDT notice the close 09/14/2004 22:20:26 EDT tip top close... 09/14/2004 22:20:57 EDT so sos 09/14/2004 22:21:02 EDT this is what i mean 09/14/2004 22:21:13 EDT when i say in order for sos 09/14/2004 22:21:20 EDT u need many times to take out reisatnce 09/14/2004 22:21:24 EDT to show demand 09/14/2004 22:21:30 EDT and u did have demand 09/14/2004 22:21:40 EDT see the 7000 area 09/14/2004 22:21:47 EDT thie high aftre the spring 09/14/2004 22:21:49 EDT y 7000 09/14/2004 22:22:00 EDT Wouldnt that be a JOC also? 09/14/2004 22:22:15 EDT yes 09/14/2004 22:22:27 EDT so after u brooke the trend line 09/14/2004 22:22:32 EDT down one 09/14/2004 22:22:42 EDT u had a retets of this creek at 7000 09/14/2004 22:22:47 EDT and a spring of it 09/14/2004 22:22:58 EDT july 2003 09/14/2004 22:23:11 EDT see this 09/14/2004 22:23:32 EDT y 09/14/2004 22:23:38 EDT y 09/14/2004 22:23:46 EDT y 7000 09/14/2004 22:23:59 EDT then u had the huge move up 09/14/2004 22:24:06 EDT and at the high 09/14/2004 22:24:11 EDT high volume 09/14/2004 22:24:16 EDT not classial BC 09/14/2004 22:24:22 EDT in volume wise 09/14/2004 22:24:25 EDT but price wise 09/14/2004 22:24:32 EDT look at the high 09/14/2004 22:24:39 EDT the first time and the close of that week 09/14/2004 22:24:42 EDT what was it 09/14/2004 22:25:10 EDT low end close 09/14/2004 22:25:12 EDT sot 09/14/2004 22:25:13 EDT this was supply 09/14/2004 22:25:24 EDT not at the high dick 09/14/2004 22:25:41 EDT see this 09/14/2004 22:25:42 EDT sory, took a chance 09/14/2004 22:25:45 EDT then a quick retest 09/14/2004 22:25:55 EDT but look at whre the break stopped 09/14/2004 22:26:02 EDT at the down trend line 09/14/2004 22:26:06 EDT i like chances dick 09/14/2004 22:26:24 EDT the trne dline from wekely support came in at the 7000 area 09/14/2004 22:26:27 EDT lol 09/14/2004 22:26:28 EDT which was creek before 09/14/2004 22:26:37 EDT funny how 70 shows up all the time 09/14/2004 22:26:52 EDT minor creeks at 7000 and 8000, stronger at 7500 09/14/2004 22:26:58 EDT see how it retested 09/14/2004 22:27:02 EDT afre the higs 09/14/2004 22:27:13 EDT oh and I thought it was random 09/14/2004 22:27:28 EDT yep 09/14/2004 22:27:35 EDT and now u have a tr 09/14/2004 22:27:52 EDT but 700 is an imp area 09/14/2004 22:28:07 EDT now the trnd line is 8000 on the wekly chart 09/14/2004 22:28:11 EDT rember time frames 09/14/2004 22:28:18 EDT differnt form daily 09/14/2004 22:28:30 EDT questions? 09/14/2004 22:28:41 EDT monthly 09/14/2004 22:28:46 EDT look at 1995 09/14/2004 22:28:59 EDT prob pre support 09/14/2004 22:29:06 EDT high volume 09/14/2004 22:29:12 EDT high range close see this 09/14/2004 22:29:29 EDT then a rally 09/14/2004 22:29:37 EDT then the sc in 1996 09/14/2004 22:29:40 EDT yes 09/14/2004 22:29:41 EDT imp that u see this 09/14/2004 22:29:46 EDT y pre supp 09/14/2004 22:29:48 EDT notice closed 09/14/2004 22:29:52 EDT so aftre pre support 09/14/2004 22:29:54 EDT a rally 09/14/2004 22:30:04 EDT rally went to resiatnce 09/14/2004 22:30:13 EDT then the clear sc 09/14/2004 22:30:17 EDT and the AR 09/14/2004 22:30:22 EDT automatic rally 09/14/2004 22:30:33 EDT took u to creek at the 7500 area 09/14/2004 22:30:39 EDT from 1994 09/14/2004 22:30:49 EDT then a griniding down 09/14/2004 22:30:59 EDT i am goig faster due to time restraints 09/14/2004 22:31:11 EDT if u look at the AR 09/14/2004 22:31:11 EDT it is fine 09/14/2004 22:31:18 EDT no prob go 09/14/2004 22:31:19 EDT u will see a sot 09/14/2004 22:31:25 EDT see thus 09/14/2004 22:31:30 EDT on top of the AR 09/14/2004 22:31:45 EDT its not labeled 09/14/2004 22:31:58 EDT second month of rally top... 09/14/2004 22:31:59 EDT y 09/14/2004 22:32:17 EDT then a grinding 09/14/2004 22:32:20 EDT down 09/14/2004 22:32:24 EDT and a retest 09/14/2004 22:32:34 EDT not a full retest 09/14/2004 22:32:42 EDT soetimes u retest all the eay 09/14/2004 22:32:46 EDT sometime half wy back 09/14/2004 22:32:51 EDT sometimes u can spring 09/14/2004 22:32:56 EDT no set ruls 09/14/2004 22:32:58 EDT rules 09/14/2004 22:33:12 EDT 97/98 lower range 09/14/2004 22:33:34 EDT high volume on retest? 09/14/2004 22:33:45 EDT not too high 09/14/2004 22:34:04 EDT then a rtest 09/14/2004 22:34:10 EDT of the AR 09/14/2004 22:34:12 EDT User [GRainone] left forum. 09/14/2004 22:34:13 EDT then retest SC point (range bottom) in 98 09/14/2004 22:34:16 EDT in 2000 09/14/2004 22:34:27 EDT y AR 2000 09/14/2004 22:34:39 EDT and the breka thne was about 1/2 back 09/14/2004 22:34:42 EDT break 09/14/2004 22:34:54 EDT late 2000 09/14/2004 22:35:01 EDT cob 09/14/2004 22:35:07 EDT then a rally 09/14/2004 22:35:09 EDT developing strength 09/14/2004 22:35:15 EDT to the 8500 area 09/14/2004 22:35:38 EDT then a move to 60 area 09/14/2004 22:35:40 EDT alas on UT of TR 09/14/2004 22:35:46 EDT this move from 8500 09/14/2004 22:35:49 EDT to 6000 09/14/2004 22:36:04 EDT may hav ebene pre supply 09/14/2004 22:36:09 EDT then the BC 09/14/2004 22:36:18 EDT to over 110 09/14/2004 22:36:30 EDT and now major distribtion on the monthly chart 09/14/2004 22:36:35 EDT see this 09/14/2004 22:36:39 EDT y 09/14/2004 22:36:47 EDT i went fast with tis chart and will do bar by bar again 09/14/2004 22:36:48 EDT y psy 09/14/2004 22:36:56 EDT and slower on the largr time frame 09/14/2004 22:37:06 EDT but since I wont be here to explain this week 09/14/2004 22:37:10 EDT i went faster 09/14/2004 22:37:21 EDT but it is labled 09/14/2004 22:37:25 EDT ok on speed as lt chart has context of lesser TF's 09/14/2004 22:37:27 EDT this is very imp 09/14/2004 22:37:41 EDT U MUST 09/14/2004 22:37:44 EDT ALWAYS 09/14/2004 22:37:47 EDT look at time frames 09/14/2004 22:37:48 EDT User [Richard] joined forum from 154.20.3.63 09/14/2004 22:37:58 EDT u have many time differnt trends 09/14/2004 22:38:00 EDT dpending 09/14/2004 22:38:04 EDT on the chart 09/14/2004 22:38:11 EDT and time frames 09/14/2004 22:38:28 EDT so monthly looks neg 09/14/2004 22:38:45 EDT and the daily look okay 09/14/2004 22:38:58 EDT wekly above trenline support 09/14/2004 22:39:03 EDT so u can have differnt trends 09/14/2004 22:39:08 EDT in differnt time frames 09/14/2004 22:39:17 EDT so u cna be short on a dialy chart 09/14/2004 22:39:29 EDT in an overall trend up on a amonthly 09/14/2004 22:39:37 EDT but time frames on a daily says be short 09/14/2004 22:39:44 EDT but monthly support isnt reached yet 09/14/2004 22:40:03 EDT understand 09/14/2004 22:40:09 EDT so u cna buck the larger 09/14/2004 22:40:12 EDT trend 09/14/2004 22:40:22 EDT if u see wycoff pricnples 09/14/2004 22:40:28 EDT BUT on a shorter term basis 09/14/2004 22:40:40 EDT but when monthly support or resiatnce 09/14/2004 22:40:49 EDT is hit u must reverse 09/14/2004 22:41:02 EDT so if u te short or long on a daily 09/14/2004 22:41:05 EDT when the count is used up 09/14/2004 22:41:15 EDT or u get to support or resiatnce on a longer time frame 09/14/2004 22:41:23 EDT u must be OUT!!!! 09/14/2004 22:41:35 EDT this is very important 09/14/2004 22:41:39 EDT if the price won't hover then you must cover... 09/14/2004 22:41:55 EDT okay any questions? 09/14/2004 22:42:04 EDT did u like tis bar anaylsis 09/14/2004 22:42:08 EDT rather thna many charts? 09/14/2004 22:42:09 EDT y 09/14/2004 22:42:14 EDT yes 09/14/2004 22:42:16 EDT Gary, as always, thank you for your great effort! Enjoy a fabulous holiday 09/14/2004 22:42:17 EDT OK good job, Gary 09/14/2004 22:42:18 EDT to foucus on tiem frames of 1 comdoty 09/14/2004 22:42:21 EDT and go slow? 09/14/2004 22:42:23 EDT excelent class Gary, thks and goodnite 09/14/2004 22:42:26 EDT yes very much, thank you 09/14/2004 22:42:27 EDT ty phb 09/14/2004 22:42:32 EDT User [Art] left forum. 09/14/2004 22:42:33 EDT User [Frank] left forum. 09/14/2004 22:42:35 EDT okay i will se u all tuesday 09/14/2004 22:42:37 EDT thanks gary 09/14/2004 22:42:41 EDT same bar chart analsysis 09/14/2004 22:42:41 EDT User [Richard] left forum. 09/14/2004 22:42:46 EDT have a nice holiday 09/14/2004 22:42:48 EDT and u have a break from e for 2 days 09/14/2004 22:42:56 EDT ty and see u tuesday 09/14/2004 22:43:02 EDT i hope tonight helped 09/14/2004 22:43:05 EDT rig up a story in meanwhile gary 09/14/2004 22:43:11 EDT i wil :) 09/14/2004 22:43:13 EDT xlnt GF 09/14/2004 22:43:13 EDT User [gary fullett] left forum.