Gary_Fullett joined. gman Im guessin some last minute coverage prior report......i personally think its a sell rhonda Good Evening jwr Hello pretty quite hear. Carnac is trying to type something. rhonda jwr class starts at 8 Doc_K joined. rhonda charts our on the home page carnac ch-technically speaking[lol], had a daily kr and in nite session had thrust above hi of kr bar. rhonda Hi Doc and LadyK Doc_K hello Ronda and all carnac rhonda, look at what i just said and will appreciate and understand a thrust. rhonda carnac CH what month? carnac see chart, rhonda in globex zch7 jwr march corn carnac y rhonda ok I will look, thanks Nick joined. Nick good evening all rhonda Hi Nick Amos joined. rhonda Hello Amos carnac rhonda, c is for corn. h is month of march. 7 refers to the year. ghosT joined. Amos hi jwr I wonder whether the move will hold during the day session or if the funds will slam dunk it. Amos I want to start with the 5th set of charts-Amos5 Gary_Fullett good evening all Amos gary, we start with Amos5 ghosT left. Gary_Fullett did the charts come out okay amos the way u wanted? Art joined. warren hi Art Art good evening Amos yes Art hey warren carnac hi amos, today had kr in a downturn on ch daily. in nite, had thrust above 363.5, hi of kr bar. nice model. Nick hey Art Art hi Nick JohnF joined. rhonda Hi Warren and Art JohnF good evening all! swetz joined. warren hi Rhonda Amos carnac, I hope by end of today you stop talking like that kent joined. carnac clarify please. rhonda Hi Swetz!!! and Kent!!! Amos just wait kent Rhonda!!! swetz hi Amos ::smile kent hi Amos JohnF hey sw, kent, amos, all. swetz howdy rhonda, kent, and john Art hi Kent , swetz , John Amos hi all soilguy joined. swetz ::smile Art hi rhonda Amos I want to start with set 5 because it is interesting to me rhonda carnac got both charts I see what u mean, Thanks kent ssssssssssssweeeeeeeeeeeeeeeeeeetttttttttttttzzzzzzzzzzzz :) Amos tell me when to start kent Hi John skylar joined. jwr where do you get the charts??? jc joined. JohnF ::ninja JohnF archives jwr carnac it's time. please start. jwr thanx Gary_Fullett on the site jwr kent Hey JC jc Hi Kent swetz we are ready Amos ::smile Amos OK, good evening and we start with set #5 , soybeans monthly Kelley joined. Amos sorry, wheat monthly Gary_W joined. JohnF hi gw. Wheat monthly. Gary_W Thank JohnF Amos Thd purpose of this "analysis" is NOT to find tmw trade, but to get used to look at charts with a little different eye Art hi Kelly , GW ,JC and skylar Amos Instead of immediately running to the RHS and trying to predict the next trade--I prefer to look LEFT and see what I can KNOW about this market Amos I am starting here with the monthly which is ALREADY BIG MISTAKE Amos but it will serve for today Amos look at 2004 and imagine yourself trading then ! Amos March was an OUTSIDE KEY REVERSAL which closed at the TOP and gave you a BIG BUY SIGNAL Kelley hi Art Amos the next month drops back from 4.50 to 3.70 and leaves you asea Amos The only answer to this perplexion can come from the Quarterly and the semi annual maps Whit joined. Amos The market drops below the low of March and any one who continues to dream of LONG WHEAT is getting killed Amos As I walk thru the charts with my perverted eyes--you will see that I am always asking myself WHAT SHOUL NOT I DO. BBob joined. Amos Because if I do what I should NOT--The chance for me to LOSE MONEY is big Amos I want to MINIMIZE that Amos Wheat coninues to drop to 3 dollars and trades in a 50 cents range until Febb 20005 when again it has a large month followed by higher high . Amos At that point if you get too bullish , you simply ignore the fact that you are coming from 9 months of decline from 4.50 to 2.70 and this is THE FIRST RALLY! skylar left. Amos If you think the market will CONTINUE straight up--YOU ARE PREDICTING "V" bottom! Amos NOT A GOOD PREDICTION IN GENERAL skylar joined. Amos maket continues to meander between 3 and 3.50 for the rest of the year Amos Now during 2005 , if you watch the daily chart, for sure you will see MOUNTAINS of bullish signals at every low--but if you KEEP IN THE BACK OF YOUR MIND that 3.70, the high of march Amos is a VERY STRONG CEILING (you probably call it ice (which is wrong) but it does not matter Amos All you can say as we appraoch 2006 is that we are in a VERY LARGE RANGE bet 4.50 and 3 with middle resistance at 3.70. Amos Beyond that you DO NOT KNOW ANYTHING Amos December close is strong Amos However we are already trading many months in a range and the longer we sit there--YOU KNOW THAT WE are getting to some kind of RHS Amos The problem with most traders is that they SEE IN THEIR MIND's EYE the next move3 Amos This is very costly in the long run Amos If you do some soul searching and self accounting over your own trades you will be shocked to find out how better you will have done Amos HAD YOU WAITED FOR A GOOD SIGNAL rather than PREDICT IT Amos Go forward to May 2006--Market BREAKS ABOVE 2004 high and gives a CLEAR BUY SIGNAL Amos HOWEVER!! Amos It closed in the MIDDLE! Amos Which implies in MOST CASES that we are entering a TRADING RANGE (of several bars, and since we are on the monthly chart--that means several months --DON'T KNOW HOW MANY Amos Market stays 3 months in a range! Amos If you TRY TO FORCE YOUR VIEW THAT THIS IS A BULL MARKET--during those three months you can gety killed! Joe_K You dont predict "Signals" you predict "Range" from "signals, models, and or "set ups" al joined. Amos All you know after MAY of 2006 that you have SUPPORT at 3.50 and resistance at 4.70==one dollar range Amos What you are ALLOWED TO DO is BUY SUPPORT and sell resistance! Amos If you want to buy near 3.50-- be my guest. If you want to sell at 4.70--be my guest these are good businesses Amos Joe K, I do not want to argue terminology. You either accept my terms or reject them--This is a free country. I am not forcing ANYTHING on you Joe_K Just pointing out ONE does not Predict "Signals" You predict RANGE from set ups Amos however while you are in the range of 2006 you have important piece of information-- WE MADE HIGHER HIGH Amos Ok Joe Amos This little piece of information is IMPORTANT Amos People tend to forget things when they look , gaze at a chart for a long time Larry joined. Amos I told you that humans are VERY POOR OBSERVERS Amos We tend to think we are good at what we see--but that is VERY FALSE JohnF hi larry. Wheat monthly (set 5 of charts). 2006 Larry thx john Amos The fact that 2006 took the high of 2004 says--WE ARE NOT BEARISH ANY MORE Amos Since TOO MANY SYSTEMS automatically join that high--MARKET has to spend time and effort to SHAKE THEM OFF! Amos Remember wyckoff term TSO? Terminal shakeour or shake off? skylar yes Peter y Amos The concept of market SHAKING OFF unwantedd FOLLOWERS is VERY VALID but done in many and various ways Gary_W yep Amos One of the most annoying way that market shakes off joiners is TIME Amos Time is one of the most painful tools of the market and you should ALWAYS remember that YOUR TIME is NOT MARKET TIME! Amos GENERALLY market time is MUCH LONGER than human time Amos WHY? Peter we can be impatient Amos Simply because RICH PEOPLE DO NOT HAVE TO PAY RENT swetz humans are not patient JohnF im impatient...but working on it. swetz at least poor ones ::smile Amos They do not care if they make their 50% annual in January or December! JohnF ::ninja suneel joined. Amos Then comes September (Maurine Ohara I think) and the market breaks to new high after 4 months of range and closes near the high skylar hello suneel, series 5 wheat monthy of amos charts swetz suneel - Amos on wheat monthly chart - amos5 on Gary's achive section suneel Hello Everybody, Thanks Skywalker suneel Swetz Amos Look at the differe nce between the May break and the September break swetz close much higher Amos It is important to pay attention to those differences because the STRUCTURE OF THE BAR TELLS A LOT Amos the first break CLOSED IN THE MIDDLE and Implied possible TRADING RANGE Amos The seconds one close at the high and implied STRENGTJH al left. Amos Indeed we h ad a Very strong OCTOBER (which is unusal seasonally for wheat--but all of 2006 was a wierd year Amos What do you see at the end of OCTOBER? Amos CLOSE IN THE MIDDLE Amos THIS IS NOT HEALTHY ( if you are a bull) Amos By the END OF OCTOBER YOU KNEW NOT TO BE TOO BULLISH WHEAT Amos We spent nov and dec in a small (relatively) range and opened Jan an d a new year with a gap down Amos OK Now that we have the map of the cat (Those who know Richard Finemann)-- tell me what you see in wheat today Amos you tell me what you KNOW about wheat today bw joined. Joe_K Hit Ice ( prior Creek ) today swetz supply overcame demand on this last bar Peter on this chart or in a smaller timeframe? swetz last bar broke below the 2 month TR and closed below it Amos On this chart swetz market is not bullish anymore Amos Hit ice, supply overcame demand, last bar broke below 2 month , market not bullish any more kent hey BW, monthly wheat on Amos5 set of charts on gary's site Amos You see---you are all blind bw ty ketn Peter since October as mentioned, supply now in control JohnF buy support? Amos All I can say from this chart is that we are still in the RANGE OF OCTOBER and now we are close to the bottom of that range Amos THAT IS ALL swetz blind because trend is still up swetz from larger timeframe? Amos I know I cannot sell here and If I want to buy-- I am buying within a range and I should not be a pig kent lol Amos If you look objectivel at the chart you can say, as swetz said, Masrket on the monthly chart is still making HIGHER LOWS and we are at the bottom of the OCTOBER RANGE. Amos THIS IS NOT A PLACE TO GO SHORT. Peter agree Amos Going long-- needs a Careful stopo because the bar of January at this point looks Bearish Amos Now there is ANOTHER VERY IMPORTANT POINT on that chart that you want to pay attention Amos This goes back to Taylor. Amos Anyone got a look and his LSS system? Amos I doubt it Joe_K ( I dont know, I cant see, Im blind ) Joe_K :) swetz I have read the book a couple of times Amos swetz but was couple of years ago bw its a hard book to read, not very cler Amos Joe, stop taking my comments , personally., I only try to make a point stronger, no offense!!! bw cleraly written Joe_K lol Amos Yes taylor is very not clear Amos However one of his BRIGHT OBSERVATIONS is that MARKETS TEND TO HAVE repetitive ranges Nick Linda's use of the method seems to make more sense as she explains it in the book Amos He said that when you look at several bars and you measure certain distances--there are averages that you can rely upon Amos what does it mean? Amos Well look at 2005 you can see that almost all months had between 30 and 50 cents ranges. Amos This is VERY IMPORTANT KNOWLEDGE Amos Look at wheat last 3 months. After a VERY UNUSUAL LARGE MONTH which closed in the middle--we have 2 months Nov and Dec with range of about 60 cents Amos It is NORMAL TO ASSUME THAT the next month will also have such a range Amos Now we are on the 10th of the month and we ALREADY had a range of 50 cents (from the close of dec) Amos That means that the market is LIKELY RUNNING A LITTLE WILD and has to TAME ITSELF. Amos Instead of thinking that THIS MONTH IS GOING TO BE UNUSUAL Amos I'd rather think it will be usual and I covered my shorts in wheat 4 days ago, left some money on the table and watching Amos Why? because I think it is reaching some kind of normal range too soon in the month--and I do not expect it to fall much farther Amos So I have two pieces of information: 1. We are close to the bottom of October Amos 2. We already ran in 10 days what we did past two months-- You can call it "oversold" from a normative point of view. Amos Conclusion? Amos I DO NOT SHORT WHEAT HERE Amos I will scalp from the long side--but won't be a pig Amos Go to the next chart--Corn Amos the picture for 2005 is same.. here it is a little more cunning because the high of May 2006 did NOT take out the high of 20005 however the bar of Sept 2006 closed higher and at the high and said DO NOT BE SHORT. Amos Now most people cannot buy a new high...because they think of the large stop in case it is a false break out Amos THAT DEPENDS WHAT HAPPENED BEFORE Amos If the market comes out of PREPARATION PHASE , especially if you can identify a clear Wyckoff accumulation or distribution process Amos --THE BUYING a new high is the RIGHT THING TO DO! Amos After spetember strong close YOU ARE NOT ALLOWED TO GO SHORT! Amos I am not telling you how to get long, what size, etc Amos I am trying to show you that if you navigate thru long term charts INTELLIGENTLY (thinking MANIPULATION ALL THE TIME)--you can avoid making major mistakes which is VERY GOOG Amos Since corn close Oct 2006 strong--you must let it run and WATCH THE NEXT MONT--it is strong, smaller range but closes at the higjh Amos high, you KNOW that the chance is great that december will see a Higher high, Amos YOu do not know how it will close Amos Corn closes on the high Amos What do I know ? Amos That the low of December is CRUCIASL Amos As long as we are holding a higher low--corn is NOT BEARISH Amos Once we break the low of December-- I have to change my bias Amos As we approach the LOW OF DECEMBER-- IT IS SUPPORT Amos Earlier carnac told me there was a KR and a thrust in the daily corn Amos I do not argue Amos But more important for me is to know that I HAVE THE BACKING OF THE LOW OF DEC as support behing me--so If I go long-- I have SYNNERGY from MORE THAN ONE TIME FRAME! Amos In the long run--Those who act in cohut with the larger time frames --AVOID BIG MISTAKES! Amos If I have support form the monthly and I get a daily signal--good! Amos All I know about corn is that until it breaks a monthly low-- I should think more bullish than bearish. Amos So I lose a good trade on the short side, you may say? Amos Well--that is true-- IF YOU TRADE AGAINST CLEAR KNOWLEDG-- you will LOSE MANY TRADES that seem "easy" but in the long run Amos YOU WILL BE A SUCCESSFUL BUSINESSMEN who ONLY INVEST In that which you UNDERSTAND and have some knowledge Amos Next is soy Amos What can you say here--Let's see if you catch my drift Amos I am waiting] Peter I see a SOT in Nov jwr buy here as long as we don't break dec low. swetz July 2004 - a very wide range bar with low close indicates JohnF bullish bias this current month. swetz that should not be a buyer warren july 04 cannot go long Amos Funny. Peter sorry sot is dec, then Jan is confirming (so far) that demand is losing control Amos we all look at the same lines on a chart and each one sees something else skylar range 5 to 7.5 swetz we have support at 500 and 550 area BBob I'll have to consult the pope on this one Amos Peter can only look at the right hand side Kelley trading range swetz have resistance at 7500 Doc_K tr since 7-04 Amos Swetz looks at left side Amos Ok I will tell you what I see Amos After the Sharp decline of 2004--the market was DAMAGED. Amos what does it mean? --Lots of people got badly hurt and it showed that the supply is very large and the rally to 10 dollars was a fake Amos If it was not a fake--market would have taken longer to distribute and would decline in a more orderly fashion Amos we spent 2005 in a range of 2.5 dollars and every one who is hoping for at least 50% correction--is still hoping Amos 2006 saw a lower low below the range of 12 months--which implies that the market is NOT STRONG Amos Then we have a rally which seems to be stronger in the wheat and corn sister-- but if you follow the maxim of lower highs required for down move=then after sept 2006 you should NOT BE SHORT Amos Going long there--at least for me was hard because I did not see much rally opportunity Amos I was wrong on that one Amos now the last 4 months we start off with a large month of oct which closes at the high--STRONG Amos Next month , indeed sot, december inside month closing at the high Amos and now jan Amos To me the beans are the weakes sister. Amos We have support at the low of NOV and DEC and a high at those months Amos All I know is that we have a small range within the MONTH OF NOVEMBER and once we break that low of that month-- I WILL NOT BE LONG until I get a signa Amos In short-I am trying to tell you that the more you LOOK AT THE PAST and read it with the eye of the CM , if you wish, Amos The better you get idea what NOT TO DO IN THE MARKET Amos Lets go to seires 4 Peter I've stopped woring about the CM, and now focus on supply vs demand Amos Start with lumber Joe_K Meal interesting Joe_K :) Amos I don't have meal , sorry Amos What can you say about lumber chart annual? kent big trading range swetz yep big TR with resistance at 500 JohnF left. swetz and support at 200 Amos If you are honest--you must say that anyone who says they KNOW how to trade lumber--is a liar kent lol Peter lol JohnF joined. Gary_Fullett dont worry about the cm peter agree worry abotu strenghth and weakness Joe_K I can trade lumber swetz lol, thx goodness I dont trade lumber ::smile Amos this is a very hard chart and when you encounter HARD CHARTS--AVOID THEM! Joe_K ( Wont say how well ) Joe_K lol Doc_K under200buy over 400 sell Amos One thing I have learnt over the years is that to TRY TO IMPOSE MY VIEW on a chart is a VERY COSTLY BUSINESS Amos In this business you should strive to trade ONLY those situations where your LOK (level of knowledge) is HIGH and avoid all other situations Amos It is hard enough with those. Amos Again it is coming back to card counting Steve joined. Amos Most hands are RANDON and card counters won't touch them Peter as Wyckoff observed, each chart has a personality, and I must say I haven't figured out lumber's personaly's yet, so I chart, and learn lumber still :) Amos Only thsoe hands that have better chance should be played Amos Doc is right you can well lubmer (WITH A GOOD DAILY SIGNAL) above 400 and buy it below 250. Amos If you can do tat--THAT IS GREAT! Amos Like buying bellies below 40 and selling above 100 Amos But when you sit in front of the computer day in and day out and you are trying to make a living-- it is better to concentrate on SITUATIONS that are clear Peter yes Amos YOU MUST ACCEPT the fact that many times YOU SIMPOY DO NOT KNOW what the market is doing and LET IT BE! Joe_K Lumber is thin, most times, why waste time in chop thin market, better markets available on reg basis Amos scroll down to the semi annual Amos here if you look carefully you can see that other than 1993 which was tatally whacko because this was the first time that lumber broke 3 dollars (also there was huge dispute with canada lumber jacks and such--but not important) all other years if you study the chart Amos show you that if the first half of the year close at the high--there was good chance that the second will be bullish too and if it closed in June at the low-- you had a chance that Amos it will continue down Amos This is another piece of information that can be useful if you want to trade this market Amos If you scroll down to the quarterly you see that we are close to the 250 magic number but making lower highs in the quarterly. Amos Most likely when we make a higher high on the quarterly--it will again be a buy Amos I am NOT analyizing the charts to get tmw's TRADE, but to get your eye look at the large picture and realize that there is KNOWLEDGE in them if you keep them in your mind Amos at all time,,,, better yet on your screen if you look at that market Amos Next is sugar annual Amos I must admit that I missed the rally in sugar, because I don't trade it (i don't have it on my electronic platform) Amos But it is easier to be unbiased when you do not trade a market Amos Once we broke bove th high of 2000 we had a very big rally of almost 300% Amos This is very large rally. Amos However it ended in a V TOP and anyone who can tell me that they see on the annual Wyckoff distribution-- is not telling the truth Amos All I know is that this is NOT a stong mrket at the moment! Amos Stroll down to the semi Amos Anyone who was long sugar and did not have a protective stop below the LOW OF LAST BAR--is NOT A TRADER BUT A GAMBLER Amos Once you break the BASIC LAW OF TRENDS--That in uptrend you MUST MAKE HIGHER LOWS and in DOWNTREND you MUST MAKE LOWER HIGHS--Is a bambler Amos People always come to me and shoe me fake thrusts! Amos Sure--this is part of this game Amos BUT IF YOU DO NOT PROTECT YOURSELF --in those cases that the market will punish you severely--you will be wiped out! Amos The Nasdaq is the perfect example for that! swetz dont remind me ::smile Amos No one should have been wiped out if they stopped themselves at the 3000 level! We will get to that Amos Again, I am trying to inculcate in your minds that in order to be a SUCCESSFUL LONG TIME TRADER--THE MOST IMPORTANT THING TO LEARN is HOW TO AVOID THE BIG LOSSES! Amos Had we had a visual means--I would have proven it to you very clearly with the Gauss bell curve! Amos Coming back to sugar--what can we say after the last semi annual bar? that it was weak and closed near the low and we should gman left. Amos expect MORE WEAKNESS! Amos scoll down to the qurterly and tell me what to expect? Amos Hey you asked for sugar last time swetz expect TR swetz on lower low skylar range building swetz or Kelley I expect previous quarterly low to be taken out Peter a TR that stays above 940 or so, but early in accum, so further weakness Amos Why kelley? swetz the close bar before last was near low swetz so would expect to trade below that low sometime this quarter Kelley it was a lg range bar w/ close near the low, tells me the mkt thinks lower Amos Well, this is hard for me Amos I do not think any more in terms of what the market will do! Amos Whenever I do think that way I LOSE MONEY Amos But I prefer the Paradigm of IF --THEN Kelley yes, I see Amos What I know from the sugar chart is this: Amos I have some support at the 964 level --the low of the large quarterly bar from 17.50 to 964. Amos I have the high l 12.50 which is last quarter. Amos So for me at this point 9.64 is support and 12. 50 is resistance Amos ANYTHING ELST ABOUT SUGAR--I SIMPLY DO NOT KNOW Peter assuming there not a joc of the 940 area, I expect it to hold for now, and will buy near there if possibme and sell resistance (12.50 area) Amos I have NO IDEA WHAT IT IS GOING TO DO. Peter agree this TR is all we know for now Kelley ok Amos Amos All I know is that if it GEST to 9.64-- i will look to buy nad if it gets to 12.50 i will look to sell. Amos What happens if it DOES NOT GET to any of those levels? Amos NOTHING Amos first it will mean it will NOT BE MOVING! Peter if this chart is all you use, you wait Amos Second-- If I want to scalp it on the 60 miutes and daily for very small moves--BE MY GUEST! swetz Amos wouldn't it be dangerous to buy at last quarter low due to the large range down and low close? swetz wouldnt that tell us to expect lower? Amos There was NO WAY TO PREDICT the HUGE DECLINE from 20 to 10. Amos Any one who says they could short at 17 cover at 10 is a liar. Amos But at this point we have minimum knowledge of where support and resistance are for the next few months. period Amos If those barriers break-- I have to re-evaluate. Amos But to trade sugar now-- for me is a little futile. Amos IDK=NMT! Amos next is copper Amos annual Amos you can see that 2003 which broke abot 100 closed at the high Amos 2004 closed at the high Amos 2005 close at the high Amos you know that the large picture is NOT BEARISH Amos Did anyone predict 400 copper? bs Amos Do you remember how bullish was the talk at 4 dollars of all those s american copper mines on strike etc.??? kent y Amos This is part of the Huge run up in the CRB and it happens once every 20-30 years and we had it Amos Of course some people thing that we are in a "secular" bull market in commodites that will go for the next 30 years and gold will reach 2000 etc. Amos I cannot handle such garbage because I remember "smart" people talking dow at 100000 and nasdaq to 50,000 a few years back. Amos Surely if the dollar disappears that may happen--but i doubt Amos What can we say at the end of 2006 on copper? Amos IT IS A RANGE! swetz TR Amos we closed in the middle Amos The bottom is 200 and the top is 400. period Joe_K Was excellent Dist TR Amos This is our guideline for the next FEW YEARS! Amos This is important to keep in mind! Amos Range of potential 2 dollars in copper/ Amos How will it transpire? Amos NOBODY KNOWS Amos But I have my first boundaries Drew joined. Amos scroll, down to semi Amos Semi looks a little different Gary_Fullett welcome drew swetz hi drew - Amos The first half of 2006 close off the high but above the middle swetz Amos is talking about semi annual Copper chart Drew left. Amos WHICH TOLD YOU THAT THERE IS REMNANCE of strength in it Peter http://www.ltg-trading.com/Amos4.pdf Peter hi Drew, right click on that link Amos Indeed we spend a while trying to test the high of 400--could not get above 380! Amos and CLOSED ON THE LOW! which means NEAR TERM WEAKNESS Amos Notice here that again we have support at 200 and some support from the MA which crosses at 252.86 Amos IN A TREND IT IS ALWAYS GOOD TO RESPECT MA! Peter we recently spung that Amos MA is the measure of the MOMENTUM OF THE MARKET and it is working as support and resistance Amos I always wait to see if the market respects the MA (mostly the 21) to see if it is attracting buying or selling Amos next is quarterly Amos QWuarterly reveals more info Amos We see that the last 1.5 dollar rally happened in one quarter! which closed off the high Amos the third quarter of 2006 was a narrow range which close unchanged and then we took out that quarter low and you knew that the market is LIKELY to test the next support level which is that large quarter low--250 Amos Did we know how fast that will happen? NO NO NO Amos But 2007 started with a bang and very large moves. Amos I do not understand what these large moves in the first 10 days of 2007 mean yet--But I will later in the year! Amos Now here is another little secret Amos I put a fibo retracement and see that 50% is aound 238 Amos So now I have 4 levels of support Amos 252 from the Semi MA Amos 250 from the quarterly bar Amos 200 from the semi and annual Amos and 238 from the 50% retracement. Amos It means that i Have a cluster of numbers that appear from different dimensions--200,238,259,252 Amos I am beginning to get some knowledge Amos At any one of those numbers I must observe the market INTENSIVELY to see if I can trade Peter there is also weekly support at 235, (sorry to insert noise) Amos I did buy a small thrust at 552 and sold it today at 267.20. Amos The important thing from this type of analysis is that it gives you some "HARD" numbers as greenman likes to call them--to trade Amos Once you have those numbers--It is TIME TO ACT Amos It does not matter if you lose. But if you keep operating at the levels where LOK is high-- you are in good business Amos How high can copper rally? Amos I HAVE NO IDEA sartell joined. Amos I got out because it fulfilled minimum count on my P&F and I wanted to be careful Amos But it can easily rally and clost the gap at 287. Amos If it gets there--I will look to sell it--if I get a signal Amos but there is something very interesting on the chart of the quarterly and I will finish with this. sartell left. Amos It is really a secret Amos You can see that copper really exploded above 250. Amos I many times the market MARKS THE 50% POINT BEFORE IT MOVES! Amos I challenge you to look at many charts, put the fibo tool from low to high--and you will be shocked to see how many times--the market MARKS A POINT on the chart Art i knew that ! lol Amos whether it is a range, an important sharp low Amos another demarkation.... and then it moves and it simply DOUBLES that distance! Amos I am convinced that this is part of the SECRET CONNECTION of the TRILATERAL COMMISSION, otherwise knows as the CM Amos known kent lol swetz lol swetz Bill McLaren a trader of 40 years says this too Amos Amos At any rate--You NEVER KNOW where market is going, But once it goes on a binge--if you look backward to some important points and you extend your fibo extension and double that distance--you can get the high and the low of the move. swetz ::smile Amos Especially if you are dealing with hyperbolic moves/ Amos OK it is 10 pm. Do you know where your children are? BBob I just did one.. it works!.. I'm sending this secret off to the pope right away rhonda lol Amos We shall continue next wednesday Kelley lol Peter lol bw just curious why Trilateral? who are the tri part? kent thanks Amos, very informative rhonda Night Amos thanks again Doc_K tyamos skylar thanks Amos Kelley thanks Mr. Cohen Peter very good Amos, thank you again for your insites jc thanks amos and good night Nick thanks for your time Amos Gary_W thank you amos jc left. Gary_Fullett great bw thanks amos, excellent. Gary_Fullett ty amos swetz super thanks Amos Amos good night Larry ty amos Gary_Fullett i will eb ehre for a few Gary_Fullett ty amos soilguy ty Amos Amos left. Dave_M thanks amos ! JohnF ty goodnight. Steve good night and thanks amos Gary_Fullett dont leave colass please Gary_Fullett i ahve a few things Gary_Fullett okay kent colass = class Dave_M k Gary_Fullett the clasees will be gettign more into charting with amos skylar kent's on the job! Gary_Fullett vs lecture kent lol Nick so the tuition will double now Steve i was looking at the names to see who colass was lol BBob man, this is better than college swetz lol Nick Gary_Fullett no no nick Gary_Fullett remeber thsi Gary_Fullett amos is tellign u long term kent lol Steve swetz lol Steve Gary_Fullett of course your tkiem frame may eb shorter Kelley lol Peter yes Nick, but double zero = 0 :) Gary_Fullett but his LOK as he calls it is longer term to him Nick put a fib on it Peter Gary_Fullett so please relaieze this Tom Thanks guys-gn Nick half back = 0 Peter I can't lie Tom left. Gary_Fullett okay any q about tonight? Nick in my case LOK=lack of knowledge swetz I am cool rhonda Gary are MA's lagging indicators? swetz lol Nick Joe_K lol Peter my only question is what is the smallest timeframe Amos considers when he trades? JohnF ::ninja swetz hourly Peter Doc_K RHS ? Art thks Gary , good nite all kent I have one, what is IDK=NMT swetz at least he used hourly chart to trigger trades rhonda Night Art Joe_K Never saw an entry Peter that wasnt done on a Daily bw rhonda, MA's lag, some more than others swetz in 2000 kent ? Joe_K :) Gary_Fullett dont knwo these days peter Art left. Peter he said that Swetz? Gary_Fullett i wioll ask Kelley gn Art swetz its in the archives Peter ok ty Gary swetz 2000 archives Gary_Fullett he usues smaller tiem frames to get his better entry Steve he made a short term trade today too swetz Gary_Fullett but he may have changed swetz rhonda Thanks bw BBob was interesting to see gary take a monthly chart yesterday and then get into a 5 minute chart to make a trade JohnF thanks for class guys. See ya tomorrow. Goodnight! Gary_Fullett with c$? Gary_Fullett yes i want to do that more kent gn Joen skylar yes BBob JohnF left. swetz yep, Amos may have changed kent John Gary_Fullett i will eb doing these time frames more Gary_Fullett okay great swetz we will find out soon Gary_Fullett next wed he will eb back swetz ::smile Peter yes using a smaller timeframe for entry and exit is an excellent tool, I learned from Zack, I wonder if he learned this from Amos Gary_Fullett tommorwo we can ahve an open chat Gary_Fullett maybe swetz with stocks Gary_Fullett and joe tid bits and misc Peter Stock night with Swetz? Nick swetz socks Dave_M nuggets Gary_Fullett maybe,,, soilguy I Don't Know=No Market Trade.......is that it? Nick dirty swetz socks BBob swetzinator and JoeyDevito Larry . Gary_Fullett any more q? swetz lol Gary_Fullett right soll Joe_K ES 1425 hit baby Joe_K :) swetz was called sweat socks in elementary school swetz getting flashbacks Dave_M not now kent thanks soilguy Gary_Fullett i will see u all tommorow Gary_Fullett ty rhonda Night Gary_Fullett left.