............................ gary joined............. phb Hello Gary and gang gary good evening John Hi Gary gary hi john John Did you get any rain this afternoon? gary nope gary dry here ............................ az joined............. gary started to lightning but no rain gary they got some down state i think John We had maybe 30 min. maybe 1/2 in. az you're here early Gary gary yes gary i wasnt here much last night have to be early az Hi all gary so u r az gary :) az lol gary missed us john gary very dryt gary dry John Must of hit down state the way beans are down. gary well down 7 not alot with rain gary dont forget gary beans arer still 30 cents from the recent highs gary so not a great retracemtn really gary when u consider px now gary px is price ............................ Dick joined............. Dick good evenin all ............................ ilcaa joined............. gary hi dick phb !Dick gary welcome ilcaa ............................ M.Martin joined............. phb !MM ............................ bw left............. M.Martin Hi Phb and gang! az Hi MM ............................ bw joined............. M.Martin Hi AZ az hI dICK gary morning bw bw hi y'all az Wow, caps lock Dick gary must of got a rain shower grains down az Morning BW bw hi gary, az, MM, Dick gary u must be from southern oz if u say y'all lol Dick bu ne drought buster yet?? gary nope no rain here dick bw lol bw we just had our first rain of the winter last night. yippee ............................ pat joined............. gary no snow there lol ............................ ilcaa left............. ............................ Kelley joined............. Dick did u hear how wide spread rain was today, gary? ............................ ilcaa joined............. ............................ wyatt joined............. ............................ Art joined............. M.Martin raining here now - will send some, dick! Kelley Good evening everybody Art hello wyatt hi everyone Kelley good morning BW M.Martin we were a month without rain - very dry and hot - glad for this rain - Hi Kelley, Art, Wyatt Dick thanks mm but dont need it here, but in Ill. gary i didnt i dont think so wide spread ............................ frank joined............. Dick if it was, beans would likely be down 20 gary i would agree Dick not 7 gary would be down 20-30 bw Hi Kelley, sorry for delay, i was typing away and along appeared a huge huntsman spider, scared the dickens outa me. Dick yep gary also.... ............................ Peter joined............. gary i dont think ran means alot now doe sit dick gary relative to july? phb !P gary but quite unsual to have all that rain in oowa and not here Peter Good evening everyone gary any way lots to do Peter hey phb gary as i have 1 more game tommorw noght at 815 my time Dick well, psycholocialy, if the " drought " were to break gary questions? Dick then important for a while M.Martin Hi Peter Peter Hi MM gary beans are ususlly about 450-500 this time of yr bw hi Peter, MM, phb Peter Rain today in California, very unusual in June phb g'day bw::smile gary so still about 160 abobve wher eit uusally is Peter Hi BW ............................ Bob joined............. gary any way any questions? gary i sent u a quiz chart was easy Dick right, premium built in already gary google gary goog gary what do u see gary but the prem was built in way before planting dick ............................ kent joined............. gary was over 6 berdore this drought Dick yep M.Martin i see joc and higher tr starting in oct - red flag at top - so would raise my stops to there - and wait to see if more up or ps come in gary where i wrote quiz gary the volume was 320 k Dick maybe sot here M.Martin yes - see red flag with volume gary the highest volume was wheere? gary where on that price chart?> M.Martin no result ............................ snoot joined............. Peter potential BC ............................ GRainone joined............. GRainone late agin', doggone it. M.Martin hard to tell where Peter near highs vol kent feb Dick on gap to new hi Dick poss BC GRainone DJIA is undervalued as per FED model's all I knows... gary right dick M.Martin don't think bc Bob we're talking goog GR gary the range of the day ewas small relatative to the volume M.Martin get with it, GR! lol M.Martin yes, red flag phb are we saying Feb is highest vol? gary so u had large volume Peter true effort vs result - red flag M.Martin no result for the effort gary mid range close what doe this say? Peter some supply M.Martin red flag gary right peter and MM gary red flag kent looks like june phb gary and some supply see this phb highest vol at quiz label? gary because the mid range gary with high volume gary the supply came in see this M.Martin k - you would call this mid range close some supply? kent y ilcaa y GRainone GOOG is our fearless stock market leader. Peter yes if no supply, close would be near high GRainone But.....today....it showed.....cowardice. gary yes MM GRainone What are we to do? gary so then we had this supply M.Martin where did it close today? gary and a retest what happned? gary yesterday? gary what ws close and volume? phb low closw low vol M.Martin on the low - lower volume kent prob took a header today, with yesterday's range and close a clue gary so the low close on a retest after some supply phb down 13 bucks today i thnk gary tells u what about the next action? kent wow gary i sent ths chart i saw this yesterday M.Martin let's sell that thing, kent! kent lol Bob well MM sell it like you would 4/80 M.Martin lol gary any ne bullish this stock after yesterdays close? phb only 4% there was probably worse... phb we are not bullish::smile gary well the stock dropped 13 dollars today gary and this was seen yesterday Bob so its gone from 300 to 280 right M.Martin nice call, gary! kent true, phb, but at 275, 4% a much larger amount than a 4% of a 10 Dollar stock gary well it wasntr me gary was the charts I didnt trade it gary dollar wise a large move gary not really pct wise phb invest equal amounts get equal results::smile gary but on 100 shares u made 1300 bucks gary so this chart was a f\good example gary of suply and the effort vs result M.Martin if you could affort 100 shares - at 300 gary on that high day4 days ago Bob 100 shares - ouch.... 28,000 gary then a retest with light volume weak close gary yesterday close told u lack of demand gary and u failed to rally with volume gary lack of demand see this? Bob cool Peter y Kelley y M.Martin y kent y phb y poor close gary was suppply 4 days ago gary was lack of demand on retest ............................ Ron joined............. gary this is very very imp M.Martin wish i could remember all of this - i usually can't see the forest for the trees ilcaa when would you of taken that short, today when it failed to go above the close, or yesterday when it crossed mid point? gary the proper see was moc yesterday gary market on close gary why? Peter poor close phb low vol poor close gary because u wanted to make sure the stock had a weak closeif they closed high gary then u would have to wait gary so the low end close should have been sopld gary understand? Kelley y Dick y phb y sold M.Martin y kent y gary IL? ilcaa yes, got it, thanks ilcaa 3 days ago there was a similiar close, why would you stay away from that one? ilcaa just above the 275 phb no high retest kent wait for the retest gary bercause u still eld above supporty gary and u didnt have a retest gary right :) Kelley retest is prudent here ilcaa thanks, so the retest is the confirmation gary because u didnt know if this was a retest lower to be bought phb sum of factors gary the story wa sunfolding phb sunfolding - what we do w/deck chairs::smile ilcaa i am working on my market patience....still getting the best of me Bob is there more cause to go lower? gary well we can help :) gary i dont think alot more bw gary but .... we could wash out M.Martin well, where was support when you would have sold? phb might see some support ~265 gary about 225 gary first at 254 gary 265 i eamnmean gary i mean gary wow a long word LOL ............................ skylar joined............. gary but u see why we failed M.Martin gotcha! gary okay a silver stock gary ssri gary we havent talke don this for a long time gary but smone asked for it gary someone gary what do u se here gary from april M.Martin cause - Kelley mkt in TR kent tr Dick accum since apr ilcaa buyers came in and took it above the current creek--bullish Dick spring to find demand kent springs in may gary a tr gary right and a spring Dick sorry kent phb spring of tr bottom resulted in JOC kent no prob, dick Dick lol gary the we went above creek gary about 11 area gary now a retest ilcaa it seems like a low volume day on that spring..any cause for concern Bob retested 13 ice area gary and a spring into that creek area phb there was some follow thru today...+.13 gary so we have some xcuae built M.Martin $11 looks like it could be support gary yes it is gary it was ther top of creek gary now we joc and came back to it phb creek looks 11.70... gary so breraks should be well supported here imho M.Martin agree - nice phb we need to hold above that gary q on this stock gary acts wekk gary aftre the tr gary spring M.Martin if this silver stock, what does it say for silver? gary the spring in may could be a terminal spring gary if this stock is bullish so is silver ilcaa should we wait for a retest before calling it bullsih gary probbaly gary well w eddi retets gary just have to see if we taty above 1150 area phb vol declining since that 12.80 day phb wide range w/mid close today gary what did the stock do today? gary phb? M.Martin up .14 gary ahh okay gary q on this stock gary s and p? gary what do u see here gary actaully emini gary anyone? phb similar to GOOG gary well yesterdya we had a retest phb test the high gary look at the close? phb close mid range ilcaa very large range, close belwo mid point, volume not that great gary we had a UT of the recent high M.Martin sorry, feeding my face with ice cream ilcaa test new high rejected... Bob better be low carb MM... Kelley lol MM phb over the lips onto the hips::smile M.Martin that's about it, phb! gary so we had a ut Kelley lol phb but we all scream for... gary and today we follow thru gary so the story unfolding here bw is it supply showing up now? Bob with weak closes Peter yes we can see supply Peter was clear yesterday on the close bw but wasn't it supply when it pulled back in such a big range day yesterday? phb actually the close yest was worse than what is sown Peter new high, lowend close phb this chart does not include full day Peter lask of upward progress phb SPX closed on the low ilcaa hard sell off at 1:30 never regained, phb "gravestone doji" Peter lol gary well supply did cme in gary come in gary not to the degree in whxcih u would think a large move gary but enough not to eb long and lightly short ............................ GRainone left............. gary so the key to meos that 1182 area gary and now the 1209-1212 gary q ? gary bonds bw y. some time ago you mentioned that prices often hit the hi/lo of the day premarket phb bond close today 118.09 bw is there some reasoning to this phenomenon? gary i think it gets over bought over sold bw coz last night, it hit 1203.50, and that was the high for the rest of the day gary and then locals oin the pit push direction gary yes gary bonds gary what do u see gary we have a channel phb high hit RTL gary and we hit the rtl phb low close gary last friday Peter a test of the rtl and low end close recent high M.Martin bearish candle for sure M.Martin made a new high and just can't sustain it gary so we are above support creek gary but we were over bought gary and possibel supply ast friday pat decling volume Peter that high was also a test of minor monthly creek phb tight range, three days M.Martin two inside days bw that big range day few days ago, possibly UTAD? gary well i dont know if a UTAD' gary but could be supply after hitting thr rtl gary reverse tremd line gary see tjhis? gary u can say Peter not sure UTAD yet, since distribution just starting so not after yet... gary why did u draw the rtl from where u did/. gary any idea why M.Martin agree, peter ilcaa no phb near term trend from last low Peter parallel with trendline, connectine 2 highs Peter connecting M.Martin parralells the two lows gary right gary draw the support first then the parral chaneel M.Martin why didn't you show the line at the first or second high? bw i agree the 2 lows make the support slope, but how did you determine the width of the channel? ............................ Prash joined............. M.Martin good q - i want to know that, too - i would have put it at the first big high Peter I'm always happy when I see Gary draw lines where I already have them :) gary good i didnt make up tech lines LOL ilcaa thanks got to go.... ............................ ilcaa left............. gary so we are above suppoprt but may have a cpob from friday... Peter the width of the channel BW is due to the highs on the RTL phb the high used is an UT of the primary channel which would be drawn w/the points MM mentions M.Martin not that i see, peter bw it depends on if gary draw that line after that big high few days ago? ............................ Neal joined............. M.Martin right, bw! bw if drawn earlier, then the high few days ago would have taken out that line Dick Tl drawing is an art Bob we need meandering rtl's Art right Dick M.Martin lol, bob bw right phb, i just read your post, yes, it the big bar few days ago does look like a UT phb everything but the UT is contained by a RTL using the APR high Dick lol art, now the Q is, are they menandering? Peter actually I mentioned this area last week before the new high was made, the day we reviewed the monthly chart, should be in the log.. M.Martin yes, phb gary so the next few days will tell us alot Art Bob would like mine Bob can't tell but is the high vol with the wide range through creek M.Martin still doesn't tell me peter why this paralell line was put where it is - doesn't hit anything until the big high at the end ............................ Rajiv joined............. Peter High of Feb 28 MM and another close, let me check Peter feb 23 close M.Martin so you used a high before the support was made? Rajiv Any buddy help me to solve my some confusion in Wyckoff with Point & Figure Chart? gary use the support trrenmd line first gary as thats the most imp gary the draw the parrelle line phb she gets that, the poiint is this high had no context before it occurred Peter yes the support TL was very clear. what I do is adjust RTL as the story unflows and is verified as it was at the Friday high M.Martin you could draw the trendline by middle of april but how do you know where to parralell this Peter on my chart (TracknTrade, id does line up with Feb 28th High M.Martin why would you use this high, peter, and not one after the first two lows phb Feb 28th is some random point in the middle of range, why coincident but not logical Art does it really matter, it is overbought or an UT phb it matters to MM it seems::smile M.Martin yes, it does! M.Martin i can't go guessing where a ut will be Art icecream will do it every time! lol gary okay phb too much sugar!!! Peter what I see in this case MM is that there are several parlel RTLs including the one you mentioned M.Martin lol - double strawberry - making me a wild woman ............................ Rajiv left............. ............................ Rajiv joined............. gary lol gary woo hoo gary with cajun flavor M.Martin cayene sprinkled on top Bob in a fightin mood too ............................ Prash left............. gary so what do u see in beans? ............................ prash joined............. gary we had a retets of the highs gary after a joc at 650 right? phb rch high gary a dn now we are retesting this area phb retest of the March high gary right gary would u have expected this retets to fail? phb y low close bw y, 2 days of low close phb poor closes thru last ~ week gary so the first retets usulaly fails gary and this is what happned gary so we had a rtr gary from 610-650 gary now it looks liek from 690-648 area gary so it may be a higher tr phb want to hold 658 gary so simple chart gary but will be voltile gary q ? bw n gary corn gary if u take from the beginning of the yr gary u can se a possible acculuation area Peter restes of high on lower volume ............................ Jim_D joined............. phb so is the area leading to the spring a shakeout phb ? phb punctuation is SO important::smile kent lol Kelley :) gary so the 214-215 area gary then the 210 area gary can be a trading range gary which can be bullish gary which is styronger beans or corn? Peter beans M.Martin i know it moves faster - Kelley b bw beans phb i'll take corn snoot Type herebeans bw bean chart looks well defined, corn chart looks all over the place. phb corn had better defined TR and test of high Peter look at the sos in beans gary well both are defined bw phb JOC in corn gary but beans are much stronger M.Martin corn still has work to do - just checked chart Peter after the joc, only below that creek for a brief spring gary beans 30 cenrts from the highs gary corn 10 cents from the lows phb ooops, got 'em backward::rolleyes...nevermind kent ::wacko Kelley ::smoke gary so buy the srtrong one over the weakest gary but corn at supoprt could be bought as well phb support at 2125? gary yes gary okay cattle gary the bottom was clearlty defined here gary look at last nov gary u had a large down day gary then a small rally gary se this? bw y Peter y Kelley y kent y skylar y M.Martin y gary then we had some type odf climatic behavior gary mid nov see this? Kelley y phb y a washout? Peter sc kent y, sc phb not highest vol, yet sc? gary well at the time in nov gary u had large volume ............................ Rajiv left............. gary sometimes u will see cliamtic action gary but volume may not be cliamtic phb right, washout vs SC, care to expand? kent true range that day was huge, but had large gap down opening gary the trend was down gary so i dont think it was a washout gary but cliamtic action gary u had dsitribtion gary in sept oct Peter washouts tend to ocur in uptends shackout weak longs phb ty both for trend comment gary a shapkeout would be if an uptrnd gary u shakout dow side and resume uptrend phb washout/shakeout same thign then? gary in tthis case u ahd a doen trend Peter yes same gary then u had some type of sc gary understand? bw y Peter y gary good bw very good looking chart cattle gary so we had some type of xcliamtic action gary mid nov gary then a rally back to ressiatnce or creek gary then u had a retest gary late dec gary to build a tr gary and cause gary tr is cause gary then a rally back to creek gary and an upthurst in jan gary see this Kelley y skylar yes gary then another retets gary and a slight spring gary in feb gary then u had some type of sos gary and went above creek gary in march gary this litle spring was probaly a terminal spring gary because it was the lastg spring before mark up see this M.Martin is it better to just stay with something like this than try to trade those tr's like that - seems too much chance and hard to get back in - gary sometimes corrct mm gary the market rallied gary thru april gary the amrket had a lack of upward progress gary see this Peter y phb y end of Apr into May Kelley y bw y skylar t-storms gotta go, nite all ............................ skylar left............. gary so this lack of upward progerss gary means lack of demand gary then what happens after a lack of demand?> kent supply comes in Dick washout gary well supply came in Peter supply gary copuld be a washout or a sow gary sign of weakness bw cause, sideways Kelley ending action phb tried higher before SOW, and doesn't look like ending action yet... gary right phb gary then we had a sow gary and what about the reation gary reaction so far? Dick weal so far phb post SOW reaction has not been good Dick weak kent nice sot at the top gary correct so probbaly lower to find ending action or demand gary but could be a alrge top as ell gary well phb looks likelt ot hold support for now... phb likely phb 1st day of June bad day though phb risk to 82.50 phb want above 84.60 gary true gary q on the sow gary okay gary swiss franc Dick your chart asks about hi vol day in jan, is this demand? gary what do u see here.... gary this was an upthrust gary the supply was met with demand gary it was a retets of the creek gary there was a abttle Dick ok, ty phb Franc broke ice in May, weak retest said going lower phb at IT support here gary the ice is defined correct? Peter y gary by the way should woerk back to that ice phb well at 79.40 It support gary we have ice at 8200 bw y Peter yes broken ice, so now in markdown ............................ John left............. Peter . M.Martin would you think building a little cause here to go retest that 8150 area? gary well yes i do gary today we retested those lows gary so we need to see the action the next few days Peter reacto was mediocre, so possibly a spring of this area? gary i would think so.. Peter reaction today kent strong down today gary the currecy that seems the strongest here is the assie gary aussie gary so i would prob trade that if i thought a rally in currecies bw yippie kent lol gary sorry bw LOL phb Thank you for all the prep for these classes Gary. Thnx to all participants also. Most enjoyable and educational too!:smile gary ty for your help phb gary so watch for a spring of this area gary q on charts gary because i want to talk soem wyckoff here Bob if you draw a rtl across the two peaks it matches the two lows for trend as a demand line bw no q gary one of the things gary people ahve asked me gary is how to judge a good reaction vs a poor reaction gary and most time this comes thru exp gary and th abilty to read a chart gary so u are judging sveral things 1) gary the price range gary 2) gary if thast price range took out any support ot resiatnce gary just because u have a decent up move gary this can be short covering gary rather than deamnd gary so u have to see the trernd gary ther time frame u r in gary as well as the intention of the cm gary understand gary as we go further gary i will send u examples gary so it will be cleaer M.Martin good gary but I wanted to start the conversation paris gray, how can i tell cm force price up? gary u mean mark up? paris yes gary well after accumulation gary u get demand gary and many times a joc M.Martin thanks for a good class, gary! - will you be here tomorrow night? gary so the funds and spec take it up after the cm ha s a postion gary i wont be MM gary have a game at 815 M.Martin have fun and win! gary will try M.Martin goodnight, gang! bw nite MM :) ............................ M.Martin left............. gary any questins? paris gary, i mean cm trap the public gary an ujpthrust does this paris yeah, that's right! phb holding the price up while selling short versus absorption gary :) bw thanks v. much for an excellent class gary, cya later all. gary were u testing me paris :)LOL gary well i will most of u tomkorw morning gary have a great night gary and a great traidng day paris ::smile gary see u at 7am cst ............................ gary left.............