Gary_Fullett joined. pat finished at 9:01--short and sweet AllenH Good Eve All..... ::biggrin JohnF hey guys good evening JohnF hi allen, gary, kent, nick, everyone! Gary_W Gary, Gary_Fullett good evening jc joined. kent the problem comes in that Gary needs to archive all the chats, GaryW rhonda Good Evening all!! kent hey JC kent Rhonda!!! Nick as long as he doesn't interfere wih Denny Crane jc hi kent Gary_W Gary I just sent mentioned about Paltalk. Ever considered using it? JohnF gw i think gary likes chatroom because its easy to log Gary_Fullett can the logs be archived? warren joined. Gary_Fullett well i am open to sugestions alwasy Gary_Fullett but i need to have it all achived and recorded Gary_Fullett for u all kent you can archive just about anything, but the size, and thus the cost, of the files is another issue JohnF and what would kent do if he couldnt put up corrections...?? kent lol kent sure as hell can't trade, lol Gary_Fullett if anyone has a better way please write kelly at knorris@ltg-trading.com JohnF lol kent! Nick Gary talks like he types, so Kent could interpret JohnF lol kent just faster, lol JohnF either way, gary - your help is very much appreciated. JohnF as well as others JimC left. JimC joined. az joined. Gary_Fullett lol kent AZ!!! kent hey JimC AllenH Bush Polls....all time lows.....Nancy Pelosi looking over his shoulder...lol...1st Female Speaker of House... Art joined. kent hey Art az Hey Kent!! AllenH GE Art.. Nick She is really hot Allen Nick NOT kent lol AllenH I agree Nick !!.... AllenH ::laugh Art hi Kent , Allen and every one rhonda Hi Art and az..Hello Nick not your typical Italian rhonda lol Emile joined. Art hi rhonda az Hey Rhonda! AllenH well U should know NIck...I heard she's just a good Catholioc girl from San Fransisco....lol Gary_Fullett did u all get charts az y Nick Italy is the only country in the world where a porn queen can be elected to Parliment Nick as we say Italia Bella kent we had a crazy once in the jail, thought he was "He Man," when he went nuts, he would stand and scream, "I am He Man, I have the power!" Pelosi said the same thing when it became clear that she would be Speaker, lol vijay joined. AllenH LOL...maybe US will follow soon....Caligula type stuff.... Gary_W yes JohnF got charts gary kent yes on charts Nick it is true, her name was Cicollina AllenH Ladies & Gents...The Pres Of the United States....lol vijay Hi Gary vijay Hello all ::rose JohnF hi vajay JohnF vijay AllenH lol..vijay.... vijay hiya john Emile nick where are you from rhonda Hi vijay and thank you AllenH Mild applause... vijay yw vijay :) warren hi everyone -- pres in the background! Nick watch it Vijay, I saw her first kent hey warren, vijay az Hi Vijay Nick he has been there for a while warren vijay hi kent,az vijay yep i was about to say tha vijay that warren lol nick AllenH Gas consumption...Pres asks citizens to cut Gas consumption 20% over next 20 years...LOL Nick Emile, my family is from Sicily rhonda ::smile lol warren well everyone there already knows what he's going to say AllenH there goes the Grain Bull...lol Nick a town with the same name as my last name, Trapani Emile I see AllenH yes..warren....called POMP & CIRCUMSTANCE !! Nick so watch what you say folks, if I kiss you it ain't because I love you AllenH the Spinmasters are spinning...lol warren everybody related, Nick? AllenH LOL vijay USO is rally rhonda Nick no branches on the family tree vijay USO is rallying AllenH Go NAncy...intro... kent lol nick rhonda Vijay yes today was great day with it vijay did you get in? rhonda good job Vijay on the PnF too Nick crude up to 55 so USO was da play Emile you from N.Y. nick AllenH History takes place as Nancy intros Bush.....Madmame Speaker vijay sure... I hope what I said was right :) Gary_Fullett well we mentioned in class 50 would eb a physchological area Nick originally Michigan, now AZ Gary_Fullett havea count to 41-42 now in crude rhonda I was in and out before we had the discussion, never got back in, after I get out I should keep following them but I tend to forget and am on to the next one Nick that count sucks Gary it went the other way rhonda it had a great day Gary_Fullett well i sent the upside Gary_Fullett looking at 58-60 vijay What is the first chart - E-mini S&P500? swetz joined. vijay futures of SnP500? JohnF hi swetz good evening Nick turn the P&F chart upside down and you will be fine kent ssssssssssssssssswwwwwwwwwwwwwwwwwwwwwwwwwwweeeeeeeeeeeeeeettttttttttttttttzzzzzzzzzzzzzzzz :) Gary_Fullett lets start vijay swetzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz Gary_Fullett but any q first? vijay you bet me kent Gary_Fullett yes v jay AllenH Corn Up...1 3/4..... swetz lol warren swetz!! vijay ok kent lol Gary_Fullett then we can do a stock chart rhonda Hiya Swetz swetz kkkkkkkkkkkkkkkkkkkkkkkkkkeeeeeeeeeeennnnnnnnnnnttttttttt Gary_Fullett what do u see in the emini swetz vvvvvvvvvviiiiiiiiiiiiiiiiiiiiiiijjjjjjaaaaaaaaayyyyy AllenH Swetz !!! Gary_Fullett this chart I sent u az Swetzieieeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!! Nick Sweats swetz aaaaaaaaaaaaaaaaaaaaaaaaaazzzzzzzzzzzzzzzzzzzz Gary_Fullett is a wider more closer bar chart Gary_Fullett its the type of chart i ahve been sendign for the newsletter Gary_Fullett to show bar by bar swetz and last but definitely not least Allen, John, Nick, and Rhonda ! ! ! ! ! ! ! ! ! Gary_Fullett what do u see ther ea dn p Gary_Fullett or emini kent high in Dec, retest in Jan Gary_Fullett we have a creek vijay Reaction from creek Gary_Fullett resiatnce at the 1442 area see this kent no supply to speak of Gary_Fullett that was my next q kent y Gary_Fullett did u see supply? Gary_W yep kent nope vijay reaction bars much smaller than previous rally bars az y crapgame joined. Gary_Fullett what does htis say v jay? kent hey crapgame, starting E Mini S n P daily crapgame good evening vijay reacted around 50% vijay in more number of days vijay not much SUPPLY Nick no real supply vijay or NO SUPPLY rather kent Jan 10, had a minor spring Gary_Fullett 50 percent of what vjay? vijay previous rally vijay I still have look at the 50% point at lot Gary vijay For some reason the 50% point is deeply ingraved in my analysis vijay always Gary_Fullett well i think looking at 1/2 back is a good thing Nick I see a possible minor spring off the low of the last demand bar 7 days ago Gary_Fullett good nick Nick it looks like it will go up and retest Gary_Fullett this is why i send u thsi cchart thsi way Gary_Fullett do u all see what nick said vijay yes Gary_Fullett at the 1412 area folks Gary_Fullett see this Gary_W yes az y JohnF yes. jc y Gary_Fullett what was the close? warren high end Doc_K top of bar Nick high of the day vijay 1425, top of the bar Gary_Fullett good Gary_Fullett and this close emant? Nick demand rhonda yes Doc_K demand Gary_Fullett good Gary_W yep warren going higher Gary_Fullett to w eretested the high right Gary_Fullett what was the reaction after this? rhonda pullback Nick sot at creek and lower close, warren vijay's 50% Gary_Fullett so the past 5 days Alvin joined. Gary_Fullett is this possible absorption or distribtion because of the retets of the highs Nick minor battle between supply and demand Tom joined. Gary_Fullett alvin s and p chart emini daily Nick looks like absorption warren absorption Alvin k thanks Gary_Fullett because eom is up Gary_Fullett ease of moveemnt is up Gary_Fullett right Gary_Fullett and no supply Doc_K no supply so less demand Nick and lack of supply vijay right JohnF i thought absorption was due to position of closes?? Doc_K therefore adsorption Alvin yes vijay that too JohnF .... Gary_Fullett well a tip off os good closes john yes Gary_Fullett forr the most part lower than mid range Gary_Fullett but action seems to say absoprtion Nick the closes were all in a very tight range vijay The closes on the rally are near the high and in the upper 1/3 in this case Gary_Fullett but from tje demand area Gary_Fullett of 1412 Gary_Fullett as vjay said 1/2 retracement Gary_Fullett aso JohnF well what i notice is that bars are rather tight. And its reaction seems very resilliant to go down. Gary_Fullett 3 days to rally from 1412 to the 1442 area JohnF so that would clue into absorption?? Gary_Fullett and so far 5 days to retest 1/2 of that move Gary_Fullett see this JohnF yes Gary_Fullett the fact that there is little supply john Gary_Fullett says absorption JohnF ok i see. Thanks guys. Gary_Fullett good q john Nick the inability to follow through to the downside after yesterday vijay Gary ques Gary_Fullett yes v jay Gary_Fullett this amrket makes new highs Gary_Fullett and higher lows Gary_Fullett trend up JohnF spacing too. Nick did not go below yesterdays low and closed above yesterday's close and near the top of the bar are all positive signs of absorption imho noob joined. vijay If the bars are long like in the present rally, and over a period of 4 days it does go up like it did in this chart, but every day the close was in the lower 1/3 - what would that mean? Gary_Fullett agree nick Gary_Fullett great eyes vijay EOM - ??? in that case Gary_Fullett means there is soem selling Gary_Fullett but the markets is also being bought lower Nick oh stop with the eyes Gary_Fullett it is working off an over bought condition as well vijay ::ninja nick Gary_Fullett dont worry nick i even say that to stevei wonder Nick lol vijay One more quck question before proceding Gary swetz lol Gary Gary_Fullett sure v jay vijay Right now we looked at around 10 bars. That tells about absorbtion in the last 10 days. Buy we need to look at the whole TR - right vijay BTW, you can call me vj vijay its the same :) AllenH VJ Singh... ::smile swetz ::smile Gary_Fullett okay but the v and the key board is next to the B Gary_Fullett so i hope my typo is okay lol vijay true swetz lol vijay whatever works Gary_Fullett wel the tr rhonda lol Gary_Fullett we are at the upper raneg of the tr Gary_Fullett and u ahve to look at all tiem frames right swetz lol allen, I should have known you would start naming golf players Gary_Fullett this is a daily swetz ::smile AllenH ::biggrin vijay y Nick there are small trading ranges withing the major trading ranges, you can find springs and upthrusts in the small ranges that help tell the story vijay that is how I explain people how to pronounce my name Allen!! Nick the springs usually work in an uptrend vijay gp nick Gary_Fullett correct nick Dave_M joined. Nick if you draw a line off the low of the demand bar 7 days ago that will define one of those small ranges and you will see the minor spring JohnF hi dave on emini Dave_M thx john vijay Nick - What significance does the low of the demand bar 7 days ago have? noob what chart please Nick a support area vijay Ok there was a spring of that bar - so what? JohnF Emini noob vijay support area? noob thx Gary_Fullett u se ealot of mini springs Gary_Fullett esp intraday vijay ah Nick lows of wide range demand bars and highs of wide range supply bars often provide support vijay ic noob imo we need this week to complete to know wether it's absorbing or distributing Nick works nicely on intraday charts Nick true noob but we have clues to work with and they provide low risk bets Gary_Fullett good Gary_Fullett now Gary_Fullett on thsi chart Gary_Fullett do u see any supply? Joe_K joined. JohnF hi joe az not yet JohnF just about to finish eminis rhonda i say yes Gary_Fullett the answer is no Joe_K Bush woke me up Gary_Fullett where rhonda? Joe_K :) az lol rhonda lol figures JohnF lol joe vijay One day where the bar the bar was really long and close in the middle Nick Nov but no follow thru so just ending action Joe_K "Evil doers..." rhonda 2nd bar from the end and the fourth vijay Jan 03 noob rhonda I thought I was the resident fade rhonda lol Nick no volume there to indicate supply and no follow thru Rhonda rhonda got it vijay The 2nd bar from last, did close in the lower half of thebar and lower than the previous day, on increased volume. Gary_Fullett naw rhonda Thanks Gary_Fullett the breaks didnt break support Gary_Fullett also Joe_K What chart we on ? vijay but the volume was lesses than average volume Gary_Fullett the amrket ahs the right to correct rhonda mini es Joe_K ty rhonda yw swetz no follow-through vijay swetz follow-through concept is very important Nick Gary's medical chart Gary_Fullett good any q on thsi chart vijay no follow through on the last bar vijay right Gary_Fullett joe comment? Gary_Fullett es ? Gary_Fullett swetz? vijay Would the 4 day rally be considered an SOS? swetz wont know about last bar until tomorrow ::smile vijay and the reaction an LPS? swetz one quick comment swetz the last reaction has come from a obvious resistance point vijay Is SnP mini ready to move? swetz EVERYBODY sees it swetz not just wyckoff traders Alvin no volume is worrisome swetz if the market was truly weak swetz the reaction would have been much stronger than this vijay gp swetz Gary_Fullett good point rhonda yes swetz since the reaction is weak, we must assume that the resistance level will not hold Gary_Fullett lacks supply Gary_Fullett voluem is constant swetz market goes to areas of supply/demand Gary_Fullett volume swetz market will rally to FIND supply swetz if no supply, then will continue rallying swetz how far, who knows swetz but doesnt matter Joe_K Still lots of TR stuff, still bullish too me until we get under 1375 ( a few closes ) swetz as long as we know, trend is up and no supply yet, market will rally swetz no way around it noob no one dares short this market. Any rally from here is due to solid demand (?) swetz this is powerful knowledge that Wyckoffers have kent I shorted yesterday, Noob, lol Joe_K Extreme NT its poss Distribution TR az Go Kent! Gary_Fullett u could have sold but u must cover kent lol Joe_K But your not under Ice yet Joe_K so noob kent , better wait to short when I go long. Best trade kent lol kent \a quick 5 handles JohnF ::ninja Joe_K 1410-1400-1375 ( Layered Ice zones ) swetz I went short SnP last week but I covered 3 days ago swetz myself al joined. Nick hatchet man takes another scalp rhonda Joe so intraday today poss distribution? Joe_K Daily Joe_K itsd poss swetz but when you see no reaction where there should be, you got to cut and run swetz take whatever little profit you have swetz no need to let a stop take you out when the writing is on the wall swetz just get out swetz and start thinking long swetz got to be FLEXIBLE kent good idea swetz Joe_K Its Re-Accumulation or Distribution kent turn chicken, lol Joe_K Daily andles joined. andles andles here andles lol swetz lol, I learned that from beavers incident kent rhonda ok Joe kent andles = handles? andles yup kent lol swetz lol andles lazy to fix it Nick trend days offer nice scalping opps, but would not hold shorts overnight andles scored a hat trick tonight folks....the beast lives on! Joe_K Keep your eyes on Metals, Stocks, Majors, DX swetz good job h swetz what chart next Gary? Joe_K Stocks and Metals, Majors 4 year or better Uptrends Nick play the springs and upthrusts for scalping and you can do well, pick up nickles in front of the bus, just don't get run over by the bus vijay VERY IMP QUES Joe_K Copper had turned swetz lol Nick Joe_K So watch all these andles thanks vijay Trend --> Uptrend Supply shown up --> No ===> Ok to go long on individual stocks if oppertunity exists? Gary_Fullett okay Gary_Fullett fcfs Gary_Fullett I was asked to send thsi chart swetz yes vijay Gary_Fullett weekly chart Gary_Fullett what do u see here swetz reason I went long yesterday and today Nick Friggen Crappy Friggen Stock noob distribution swetz distribution where? kent lol Nick swetz lol Nick Doc_K up trend noob this thing is going sideways until whoever is selling is done Joe_K Whats symbol on this stock ? Gary_Fullett woah vijay UT and back inside the TR Gary_Fullett lets loook at the chart swetz FCFS swetz Joe rhonda FCFS Joe_K ty Gary_Fullett what stands out first? Gary_Fullett lets take jan last yr Doc_K ut 4 an 5 wk ago noob back to 20 / 22 imo first before resuming uptrend noob brb Nick ending action, Hi Vol day swetz demand in January az UT rhonda volume swetz 2006 Gary_Fullett UT of? Gary_Fullett lets start 2006 jan Gary_Fullett what do u see swetz wide range up bar with huge volume az Jan last year breakout at 1500 Nick no follow through so need to retest that hi probably swetz demand is definitely present vijay the 2250 creek Gary, in Jan 2007 Dave_M y vijay ok Jan2006 now swetz Jan 2006 folks ::smile JohnF eom up jan 06 Gary_W hit a high of 18 on heaviest volume? Joe_K This FCFS ( great WW ) stock should see 29.50 to 30 definately Gary_Fullett the volume swetz I like your thinking Joe Gary_Fullett in jan 06 should stand out Joe_K :) swetz I like Nick's thinking too ::biggrin Alvin yes Gary_Fullett demand Gary_Fullett what do u see the next 3 bars? swetz absorption vijay small rang and volume comes down drastically Dave_M retest/pull back Gary_Fullett why absorption? Gary_Fullett light voluem small range!!!!!!!!!!!!!!!!!!!!! Gary_Fullett thats why Gary_Fullett 1-3 week correction Gary_W very small ranges, declining volume swetz narrow range bars, light volume Gary_Fullett mid raneg clsoes Gary_Fullett see this vijay right Gary_Fullett then a rally Dave_M y Gary_Fullett mid range close Gary_Fullett right? Gary_Fullett what was volume swetz yep Gary_Fullett 4th bar from the demand day Nick nice breakout of a nr4 inside day, opps wrong forum swetz some increase in volume swetz lol Nick Gary_Fullett volume was lighter right? Nick thought this was Linda vijay more than the reaction, but lesser than the previous demand day swetz demand still present, eom still up, NO supply Gary_W which was demand day (week)? Gary_Fullett 3rd wek in jan vijay close in the middle though - Could be supply Gary_Fullett gary Gary_Fullett 06 Gary_Fullett coulf eb supply? vijay swetz? Gary_Fullett anyone else see this? vijay close in the middle? Gary_W ty Gary_Fullett yes vijay so could be supply vijay right / wrong ? vijay ok Gary_Fullett WRONG!!!!! Gary_Fullett why is it wrong vijay oh no JohnF supply must prove itself in an uptrend Gary_Fullett do u all see thsi bar? Gary_Fullett okay john Gary_Fullett but the close was mid range Gary_Fullett supply? az no Gary_Fullett why not? kent some selling came in, but it wasn't sustained Nick draw a line from the low of that week and it acted as support for a Spring in September swetz I said no supply earilier Gary_Fullett whats the Key? az no volume swetz broke above resistance Gary_Fullett but a new high swetx JohnF you would need to see follow through, volume was low as well. Gary_Fullett mid raneg clsoe vijay closed above the previous creek? vijay the previous demand day high? Dave_M following wk closed above rhonda holding support? Gary_Fullett John PERFECT Joe_K Where this Stock close 23.71 ? Dave_M previous week close JohnF ::ninja Gary_Fullett what was the perfect part of yoru statement? swetz yes Joe Joe_K What type stock is this ? JohnF lack of follow through i hope vijay Well, while we are discussing bar by bar, we assume we dont see the next bar andles volume kent need follow thru swetz financial services swetz pawn shops vijay so dont know if there "will" be follow though or not!!!!! Joe_K This baby gonna gain $5 a share Joe_K definately andles they did well on TSX last year that whole sector JohnF thats the point of wyckoff though, is you judge reactions swetz we will see andles consolidating like crazy Gary_Fullett the volume was lighter Gary_Fullett than the demand day andles volume was key Gary_Fullett so this mid raneg clsoe andles lower volume means not supply Gary_Fullett the eom was UP Gary_Fullett the supply wassnt there andles absorbtion Gary_Fullett because price and volume didnt show this Gary_Fullett undertand? vijay Gary - are we talking about the bar next to the 2nd absorbtion day bar now? kent y vijay ok az y Nick closed at 23.52 on the daily today Joe Joe_K cool Gary_Fullett we are talking Gary_Fullett mid feb Joe_K Weekly chart should see 29.50 no problem Gary_Fullett the bar from 1750 Joe_K at all vijay got it Gary_Fullett aftre the 3 small range weeks Gary_Fullett after the demand week in jan Gary_Fullett the next 2 bars Gary_Fullett were smaller ranegs Gary_Fullett then the week before Gary_Fullett absorption Joe_K also looks like Daily Spring in July Gary_Fullett notice closses Gary_Fullett then a move up right Gary_Fullett the next week Gary_Fullett U had an outside bar swetz yep, also each week is making a higher low Joe_K or Aug Gary_Fullett 1750 low Gary_Fullett to over 20 Gary_Fullett se this rhonda aug daily spring swetz yep kent y Gary_Fullett the low held support Joe_K ty rhonda yw Gary_Fullett was a small shakeoput se this az y swetz y rhonda swetz is has great IBD rating too swetz yep Kelley joined. rhonda is=it rhonda Hi Kelley JohnF hi kelley fcfs chart swetz it came across my weekend scan JohnF looking around feb/march 06 Gary_Fullett i wont do a bar by bar here now Gary_Fullett but vijay Kelleyoni ::rose Gary_Fullett look in aug Gary_Fullett U had a retets of 1750 Gary_Fullett see this Kelley good evening Folks, ty John Joe_K Bush doing Bar by Bar on TV of it rhonda yes swetz howdy kelley az y Joe_K lol Gary_Fullett draw a horizonatal line Gary_Fullett at 1750 Gary_W went down to almost 16 swetz 2 bar spring Kelley hi Swetz:) Gary_Fullett then sideways Gary_Fullett then new highs Gary_Fullett but Gary_Fullett the market went to 15 area Gary_Fullett 25 area Gary_Fullett see this Gary_Fullett what do u notice? swetz potential JOC 5 bars ago Joe_K 22.50 JOC Joe_K retest now Gary_Fullett doesnt the Gary_Fullett action both er u Gary_Fullett from 2500 to 2250? Alvin climactic JohnF inside bar?? is that considered inside bar after joc rhonda the volume u mean? kent pullback is on lower vol kent reacted from 22.50 swetz 22.50 has held on the reaction swetz which is positive Gary_Fullett well maybe alack of demand after supply kent? swetz volume has decreased each week Joe_K classic retest of Creek swetz on the reaction Gary_W agree with swetz Dave_M Looks like a good pullback Gary_Fullett what does the volume say? kent lack of supply after demand? Gary_Fullett but swetzx Gary_Fullett and gary Dave_M vol down though the 2 bar ago is Gary_Fullett this low voluem ahppened after soem supply? Dave_M concerning/wide but held creek Gary_Fullett lack of demand after supply kent Joe_K Vol is backing Demand predominantly kent demand bar close was near the high swetz if 22.50 didnt hold Gary, I would be more bearish but since 22.50 did hold Joe_K agree swetz I have got to stay bullish Joe_K Weekly chart hard to tell 4th Bar in andles SOU speach didnt talk ethanol too much i hear....fyi Gary_Fullett okay htis volume was as high Joe_K Volume Bar Gary_Fullett as the demand rally in jan 06 Gary_Fullett see this Alvin not me always be wary of new highs swetz yep az y swetz this volume could be BC vijay y swetz I do realize that swetz but kent could be, but 22.50 held Gary_Fullett but if this was supply swetz but could be potential JOC as well Gary_Fullett suppprt may have held Gary_Fullett BUT if supply Gary_Fullett will support ghold for long? Joe_K Already had JOC Joe_K this was retest swetz support will not hold Gary Joe_K of Creek rhonda no kent if true supply, no swetz but so far it has Joe_K 22.50 Was Creek swetz so got to give benefit of doubt to uptrend imho Joe_K Look at action Jul to Oct Joe_K absorbing into Creek Gary_Fullett good Gary_Fullett so what do u need to see on thsi chart? swetz agree Joe az follow through Joe_K Need to see 22.50 Hold Joe_K and should run to 29.50 30 a share swetz I would like to see supply dry up on retest of creek now ice Joe_K Use TL for that swetz if it does, I am a buyer JohnF stop under 22.00 Swing low 22 on daily JohnF and weekly actually Gary_Fullett u need a monthly chart LOL swetz lol Gary_W i think last weeks low was 19.90 kent lol swetz daily chart is interesting swetz today, volume increased substantially Gary_Fullett right larger tiem frame Dave_M ya, last week's bar is a bit scary swetz and spread increased Gary_Fullett okay Gary_Fullett so if long Gary_Fullett where do u buy Gary_Fullett and stop it out? JohnF you are right gary w i was just eyeing it sorry. swetz I buy on retest, cause need to see supply dry up swetz I agree with you Gary that some supply is here JohnF buy now because gap got filled JohnF lol jk swetz but if supply dries up on retest Gary_Fullett trying to work thru the chart logically wyckoff wise Gary_Fullett whats key is Gary_Fullett the charateristics of the chart Joe_K buy here swetz the key is the reaction on this creek test Gary_Fullett look at the 4 largest bars on this action swetz and the subsequent retest Gary_Fullett those are wad of peanut butter as david says Gary_Fullett btw amos tomorw night Gary_Fullett have we broken support? swetz nope Joe_K proper stop under 19.90 your risk/reward is only at 50/50 Gary_W not really Gary_Fullett the wide bar was the largest bar of the chart Gary_Fullett is thsi troublesome? swetz it can be after a large advance swetz could be BC Joe_K 2 closes under 22.50 troublesome, UNTIL that, no trouble Alvin yes Gary_W yep swetz kent but close was near the high Gary_Fullett if a bc where is pre supply? swetz April 2006 kent back in aprl 06 maybe Gary_Fullett good :) Gary_Fullett so u may see supply as I aid Gary_Fullett and u were all bullish Gary_Fullett Now i could ahve skanted this chart a sbullish too kent maybe, would be good to keep track of this to see, lol Gary_Fullett my point is is to read the bars Joe_K If you wait on buying this stock its not gonna be worth it Gary_Fullett the wide bar isnt so trouble some swetz Gary - I understand what you are saying, reason I am waiting to see supply dry up Gary_Fullett u knwo why? Gary_Fullett because as u move higher Gary_Fullett ranegs will eb larger Gary_Fullett do u knwo why? Gary_Fullett good swetz Gary_Fullett i am workign thru the chart az as you move higher more buyers kent % change same, but larger range az more speculation swetz higher prices reason ranges are wider Gary_Fullett because pct wise u r the same kent yep Gary_Fullett right swetz Gary_Fullett so u expect larger ranegs as u go higher Gary_Fullett and smaller ranges when u r cheaper Gary_Fullett true with stocks and commodties andles makes sense swetz this is a good chart because couple of good Wyckoff scenarios developing Gary_Fullett tryign to work thru it swetz one is going to be true Gary_Fullett and when u look at a comdty or a stock Gary_Fullett they ahve thier own chartersititics swetz I just wished I knew which one swetz lol Gary_Fullett so watch for it Gary_Fullett that may eb unquie JohnF ::ninja Gary_Fullett with a stock consider Gary_Fullett the group swetz btw, this stock is at all-time high right here Gary_Fullett its in Gary_Fullett for strernghth and weakness warren a lot of cause though Tom left. swetz Misc Financial Services sector one of the strongest sectors out there swetz right now swetz if economy turns down, folks will be pawning off stuff Joe_K Id say buy stop under 1990 swetz lol swetz will be good for this company Joe_K If you wait wont be worth it rhonda swetz are you using IBD for Industry strength also? swetz yes rhonda andles yes swetz....they do well in downturns andles defensive name rhonda cool Thanks andles and consolidation swetz ::smile vijay BTW, DGO has a free week subscription going on right now, if anyone is interested Joe_K Draw a channel on this Puppy too swetz thx vj swetz right Joe rhonda Thanks vj swetz this reaction has come to the support TL drawn from the July 2006 low Gary_Fullett i dint draw any lines andles meal going to be stronger than oil tommorow....bush didnt say anything powerful about alt energy Gary_Fullett I wanted u all to do it Gary_Fullett bush who andles? Joe_K See if you wait on this stock, youll be at 24 to 25 a share , target is 29.50-30, stop is 19.90 lower Joe_K So your risking 5 Joe_K to make 5 andles no clue....bush pilot.... Joe_K understand ? rhonda yes swetz right Joe, but this stock will react again andles some crazy guy u guys elected 2 times....oh man swetz no hurry to buy now Joe_K Or you buy soon, stop under 21 Joe_K take your chances andles CT time JohnF good charts Joe_K Either way, if your a buyer, more ya wait, more bad risk/reward kent the grains are all down tonight, lol az I like your big bars Gary rhonda well in peix the chart told the story already about ethanol az Bush say something bearish Joe? swetz nope, will be better risk/reward cause a pullback on daily chart can take this stock to 22.50 -23 andles yes he did vijay left. Joe_K same old Bush crap Joe_K lol andles he didnt talk about ethanol much swetz and then can buy with stop below 21.50 swetz only risking 1 - 1.50 per share vijay joined. Joe_K Id say under 21 Joe_K minimum vijay My cats disconnected me from the chat! andles spoke about.....no clue...lol rhonda lol az lol kent lol vijay az lol vijay want more attension Kelley lol vijay attention kent Hi Kelley, didn't see ya sneak in, lol Joe_K stock can see 21.31 az you need cat treats VJ Joe_K on Bear Flag Kelley hey Kent:) Joe_K Id at least be under 21 Joe_K on stop vijay I need to make money to buy the treats az vijay thats why I am here LOL rhonda lol vj Gary_Fullett good swetz if the rally no daily chart is for real today, its not going to 21.50 Gary_Fullett so we waytch the reaction right az :) swetz no = on swetz right Gary rhonda yes G Joe_K Yes Swetz but Daily chart has poss Bear Flag which could see 21.30 swetz probably won't even go to 22 andles unwinding of the BO/meal may be coming again.....lets see tommorow what they do...... Gary_Fullett okay q on thsi chart Gary_Fullett did it help swetz if it does that Joe, I will be on the sidelines the whole time Gary_Fullett i am doign bar by bar Gary_Fullett on the NL Gary_Fullett do u wnat one on this stock? swetz ::smile az like the bars big Gary Gary_Fullett well Gary_Fullett i will send them alrger az Gary_Fullett for us older people swetz if you want Gary - I like them all Gary_Fullett i need larger bars andles lol az easier to see andles i like this too Joe_K Swetz if your gonna risk 21.50, ( I'd pat that a touch, go under 2100 on stop ) swetz if I bought here, I would agee with you Joe Art az likes bigger bars so she can dance on the tables az lol kent lol Art Kelley lol rhonda lol swetz but I am not buying here, I am going to wait for a reaction that has substantially low volume andles meal/bo....this is going to be interesting Gary_Fullett lol art. swetz if I dont get it, I just dont trade swetz plenty of other fish in the see Joe_K Reaction on lo vol ? swetz sea Gary_Fullett crude Joe_K Creek retest swetz right Joe swetz right Gary_Fullett whats the key area on this chart? Joe_K Ya want hi vol and UP Joe_K :) az 6000 swetz I got that on daily chart today Joe az where ice was broken andles 60 andles broken ice swetz I am using daily chart for entry not weekly swetz I want to see a 1-3 day pullback on low volume swetz if I see that I can buy and put stop below 21.50 swetz trust me Joe, it works ::smile Joe_K Id be long over 24.25 stop under 21 or under 19.90 Gary_Fullett yes az Joe_K target 29.5 30 Joe_K :) Art left. jc retest creek at 60 to saell on low volume swetz if the volume on this last pullback was lower Joe, I would do like you said swetz but the volume is a little too high for my taste swetz reason I got to wait to see volume dry up on a pullback Joe_K Just saying if you wait and ya see 25-26 Joe_K Risk/Reward diminishes Gary_Fullett the high volume in crude Joe_K Its Time thing now Gary_Fullett means a transfer of risk Gary_Fullett how do we know this? andles small bars swetz if it goes to 25 and I dont get a pullback like I want, I just miss the trade Joe_K y andles small ranges swetz no big deal to me cause have other stocks to trade Gary_Fullett small bars Gary_Fullett a dn NO down ward action andles at bottom and good volue andles volume andles yes Gary_Fullett so the volume kent a dn = and vijay This chart is just like USO chart!!! Gary_Fullett wa sbeing absorbed andles like beans did in summer at 550 Gary_Fullett thius the rally andles yup swetz Joe - I totally agree with your risk:reward statement Joe_K Its direCTLY CORELATED Vjay vijay yep Joe Joe_K sorry caps kent high open interest = lots of shorts to fuel bounce up Joe_K ( I know Swetz just saying the Risk/Reward unussually, a aspect of deeper thought, on that chart due to location constraints ) az are we on crude? Gary_Fullett yes crude Joe_K Me I dont have to have 3 to 1 Gary_Fullett so the lack of downward movemetn Gary_Fullett weioth high volume Gary_Fullett is a transfer of risk Joe_K But I understand its what one strives for Gary_Fullett like bag holding rhonda left. Gary_Fullett what if the volume was light? andles then be careful.... andles means no demand JohnF probably expect movement down andles to buy the risk andles from the shorts warren yes -- down swetz yep agree Joe swetz I dont always do 3:1 myself swetz ::smile Joe_K :) Gary_Fullett right JohnF so this risk transfer is going to the smart money out of specs hands? Gary_W i'm confused. it seems the volume in 2007 is higher than previous Gary_Fullett if light voume,ower Joe_K Yuk look at this Crude vol on rally Joe_K barf Gary_Fullett right joe rally will fail vijay barf? Gary_W and its rallying on lighter volume Joe_K Looks sick Joe_K Vol az can make it to 60? andles lower prices for commods still then jc need to close above 60 to be bullish imo Gary_Fullett could az Joe_K doubtful Joe_K on this Vol Gary_Fullett but would ened more work Gary_Fullett over all Joe_K Vol have to pick up soon kent prob test the lows again before it tests 60 Joe_K Look at last 3 bars Joe_K closely kent needs more cause Joe_K See 3rd bar IN az true Kent Joe_K average Vol and Rally Joe_K 2nd Bar in Joe_K Larger Vol Joe_K look at Open Close kent larger vol on a down bar Joe_K 3rd Bar min Vol Joe_K higher close JohnF large range Joe_K You MUST hawk this pup andles good point joe Joe_K very bad Vol backing Price so far andles this is not ready yet.... Joe_K potential PS Gary_W the down days have larger volume then up days (based on range closes) andles may TR down here and then spring..... Joe_K But hawk that JohnF left. Joe_K Vol JohnF joined. jc left. Joe_K 2nd Bar IN OPEN at Bar prior HI, closed near LO Gary_Fullett right gary Joe_K greatest Vol on last 3 Bars Gary_Fullett market is still neg over all Gary_Fullett just recoverign from over sold Joe_K how was Vol on USO ? Joe_K check both Joe_K draw contrast swetz less than yesterday but above average Joe_K Whenever you have a Piggy Back ( 2 or more stocks/commods) Run Correlational studies Joe_K This enhances your Judgment Doc_K news spr will be doubled Gary_W swetz - volume for all of january has been above avg Joe_K Is that News Bullish or Bearish ? Doc_K bullish Joe_K Bullish - Crude will be bought obtained ( How long to obtain what objective ) JulieH joined. Gary_Fullett good Gary_Fullett any q kent hey Julie, doing crude daily chart Gary_Fullett tommorw amos Joe_K Price/Vol/Range/Phase or Bullish/Reserve Building JulieH Ok I will watch. Evening all Joe_K :) andles cotton.....u guys did it? JohnF looking forward to it gary!! just reread all the recent logs today..good stuff andles or thursday? kent actually, I think we're done, lol Gary_Fullett misc on thursday Joe_K 10:53 Gary_Fullett I sent cotton Gary_Fullett dont ahve time to go ove rit andles ok cool Gary_Fullett as we talke dso much other charts Gary_Fullett BUT I am bullish cotton Joe_K Gary your consensus Crude Gary_Fullett I will do the charts on thursdy Gary_Fullett i think crude can work higher Gary_Fullett 50 will hold a bit Joe_K Run towards 60 or needs more Cause Gary_Fullett then break to 42 -41 area Joe_K ok Gary_Fullett i ahve a p and f count there andles CT 5440 gary for long term entry....or not ready yet? Joe_K Got to risk under 52 Joe_K CT longs Gary_Fullett yes andles Gary_Fullett correct joe Gary_Fullett m5535 then 5800 to me Gary_Fullett support 5410 Gary_Fullett then 5350 Gary_Fullett then 5285 Joe_K then 5280-5240 andles lol Joe_K yes Joe_K Its Cotton Handles andles yup Joe_K Cant trust her to be nice andles like kc.... Joe_K play pretty Joe_K yep Joe_K lol Nick well thanks all good stuff, time for Denny Crane andles bye nick Joe_K :) JohnF gn nick Kelley gn Nick Nick gn JohnF good class as always Nick left. Joe_K Getting on top 5500 closing basis constructive Joe_K Need a few Joe_K over that Joe_K get ball rolling JimC left. Joe_K Shes still kissing 5410-5450-5470-55 Gary_Fullett okay nay q Gary_Fullett but sore in this chair Joe_K lol andles lol andles da bears Joe_K lol Joe_K Colts by 10 ? vijay Good class Gary.... andles nhl all star game tommorow night yankees....... vijay brain in hibernate mode Gary_Fullett ty u all vijay questions later Gary_Fullett see u all tommotrw vijay good night all Gary_Fullett with amos Kelley good night Folks, ty. Joe_K Gary Colts by 10 ? andles watch sid the kid play with ovechkin.....do me the favor Gary_W grt class gary Joe_K lol Alvin thanks gary warren thanks gary vijay left. Doc_K dont care who wins just want as good a game as colts and ne swetz gn Gary - nice talk tonight Gary_Fullett ty u all Joe_K Yes Doc swetz got writing cramps swetz for writing all the notes tonight Joe_K Swetz great comments Gary ty swetz ::smile Joe_K See yas in morn Joe_K :) warren nite all swetz cy Joe swetz thx for talking about FCFS with me Joe and Gary Doc_K in cotton want to get long the dec cont. any advise Alvin left. swetz and everybody Gary_Fullett left.