Gary_Fullett joined. Gary_Fullett good evening DaveM hello gary Emile joined. Gary_Fullett hi.. Emile hi gary Gary_Fullett hi Emile how are you tonight Gary_Fullett well u Emile is it cold your way Gary Emile good thanks Gary_Fullett 4 degrees Emile here too warren joined. Gary_Fullett hi Doc_K joined. Al joined. Doc_K hello folks Gary_Fullett hi Al hi doc.gary JohnF joined. Doc_K what subject tonight? JohnF Evening all :) Gary_Fullett joe wanted to talk cotton Gary_Fullett swetz on ibm Doc_K great Gary_Fullett any questions JimC left. JimC joined. JohnF where is everybody? Emile snowed in DaveM ibm...good Gary_Fullett sleep handles joined. handles GE Gary_Fullett ge.. hugh joined. Gary_Fullett hi all Doc_K cant stay long hope do cotton first Joe_K joined. Gary_Fullett we will with joe... Joe_K Gary ? Gary_Fullett yes Gary_Fullett cotton Joe_K Gary why dont you touch on Cotton, do Coffee OJ chart finish then Swetz and I talk a bit ? Gary_Fullett u start... Gary_Fullett i will finish Joe_K I have to step out about 12 min Gary_Fullett i want u to hear your desription Joe_K Ya want me to start CT ? Joe_K real quick ? Gary_Fullett please Joe_K sure kent joined. Joe_K I was watching CT price action past several sessions Joe_K started breaking pivots Joe_K from 54.50 Joe_K 54.10 Joe_K 5390 Gary_Fullett pleasse Joe_K 5370 Joe_K 5350 Joe_K 5290 Joe_K 5240 Joe_K 5200 Joe_K Got a response Joe_K rallied 140 handles lol handles me too handles was watching Joe_K This was pre demans Joe_K dem Joe_K too me Joe_K Handles and I Joe_K were talking Joe_K We knew it was some sort of cob Joe_K BAM Joe_K rally Joe_K out of no where Joe_K fizzled Joe_K out Joe_K then started Joe_K a slower Joe_K choppy Joe_K labored Art joined. Joe_K decent back Joe_K Looking at the chart Joe_K knowing we broke down Joe_K again Joe_K I assumed Joe_K Having problems Joe_K over taking 55.20 Joe_K Meant we Joe_K needed more Joe_K Dem Joe_K power Joe_K from below Joe_K And seeing how Joe_K we tapped 5200 Joe_K and couldnt hold gains Joe_K I saw next lower TL channel Joe_K near 5185-5150 Joe_K which included a gap Joe_K too Joe_K So I assumed Joe_K We would A Joe_K have to spring Joe_K B poss see new SC los Joe_K if it got bad Joe_K 5200 Joe_K 5215 swetz joined. Joe_K areas were clumpd Joe_K together Joe_K So any Spring Joe_K after 200 break 300 Joe_K Would be a sweep n clear Joe_K too me Joe_K Take em all in one thrust Joe_K down Joe_K I knew somebody Joe_K bought 5200 Joe_K cob Joe_K on the 140 response soilguy left. handles that day last week....yup handles was fast Joe_K So Gary_Fullett good... Joe_K yesterday Joe_K we nudged lower Joe_K under 5200 Kelley joined. Joe_K 5169 Joe_K ? Joe_K was it ? handles yup handles it was Joe_K ok Joe_K sluggish subdued reaction Joe_K late close Joe_K poss deceptive tuck Joe_K The type of close Joe_K makes you sick Kelley good evening Folks:) Joe_K to stomach Joe_K Anyway handles cotton daily handles kelley JohnF good evening kelley Joe_K after we opened today Joe_K nudged 5200 Joe_K started gaining speed Joe_K took out 5230 Joe_K So Peter hi everyone Joe_K I assumed SPRING handles peter Joe_K Daily Joe_K SC Hourly Kelley hi JF & Handles handles ct daily Joe_K and SOS Kelley hi Peter Joe_K Thats quick wrap Art hi Kelly , Peter and everyone Joe_K The May action JohnF hi peter. Joe_K diff JohnF and art Gary_Fullett goodd Kelley hey Art Joe_K So Gary Joe_K can tie it together Joe_K best Peter hi Kelley, Art, Handles Joe_K Gary please ? Joe_K I'll brb Gary_Fullett k handles hightower reprted a big fund was rolling its march shorts to may and got caught Joe_K Was that ok Gary ? Gary_Fullett any questions... Gary_Fullett was good... Joe_K ok Peter I told you they would handles before that report :) Joe_K brb Gary_Fullett k handles so they are now short may Gary_Fullett any q Peter now they'll be covering there ;) Gary_Fullett peter comments Peter no q, pretty clear Peter in cotton, I think you covered it pretty well today Gary.... Peter in my mind this was a retest of daiy ice, the market was push lower by the funds Peter until demand overcame supply and this short covering began Peter imho, this is just begiining swetz hi gang JohnF hi swetz swetz in memory of rhonda not being here kent lol JohnF good evening, nice color ;) handles hi sweettttzki........so pretty kent ssssssssssssssswwwwweeeeeeeeeeeeeeeeeeeeeeeettttttttttttttttttttzzzzzzzzzzzzzz :) swetz I took her colors Al swetz swetz lol DaveM steve Peter did you get permission to use her lipstick Swetz ? swetz hi John, Al, dave, Art, hhhhhhhhhhhhhandles, and kkkkkkkkkkkkkkkeeeeeeeeeeeeennnnnnnnnnnnnnntttttttttttt swetz and Peter lol handles think u r hardaway or something Al looks good an u lol swetz lol handles ??? handles lol Al on swetz matches my boxer shorts kent LOL Gary_Fullett lol JohnF lol handles must be an NBA fan swetz ::coolsmile handles Hardaways teamate handles lol swetz last week we talked about IBM as potential short DaveM yuup handles yup swetz and I actually went short last Wednesday warren valentine hearts on swetz' shorts swetz that was yesterday's shorts warren swetz ::smile Art hi swetz warren thought bachelors ran all week warren lol swetz but notice how weak the reaction in IBM from obvious resistance swetz lol warren swetz was Gary_Fullett good topic Peter also if you look at the weekly in cotton, this was an area about 50% back on the weekli in the heart of weekly support swetz so noticing this and also noticing that the SnP came to support swetz I covered my IBM short for a small gain Peter ok IBM good ;) swetz BUT not giving up on IBM yet handles joe and i counted the 50% range in ct swetz I am still looking to short, even as early as tomorrow swetz if you get a chance to look at IBM monthly chart kent I would on a weak retest of 100 swetz you will notice major resistance at 100 swetz right kent Peter yes kent :) handles agree 100% swetz on the daily chart handles its a great short at 100 to me swetz we got an uptrend up to 100 Gary_Fullett yes handles 104 stop swetz but now IBM is moving sideways swetz against monthly creek swetz so when I see sideways action I think TR swetz and when I see a TR, my FIRST question always to myself is swetz Is TR accumulation or distribution? swetz I ALWAYS ask myself this question first kent makes an even stronger short, montly resistance at 100 swetz right kent handles dist here .......i know ibm well.....manipulated stock Peter ibm has always been a 100 stock, in the "old days" they would split at 100 :) swetz I would agree handles swetz but lets look at this daily TR objectively using Wyckoff's selling tests swetz no preconceived bias swetz we KNOW monthly creek is 100 handles true swetz that fact cannot be disputed Gary_Fullett corect Kelley whoa, thought it was Rhonda Gary_Fullett gathering info... swetz we KNOW that IBM was in an uptrend on the daily chart has it rallied into monthly creek JohnF lol kelley Kelley Swetzeroni, my lil brother from another mother:) swetz right Gary swetz lol kelley swetz we KNOW that IBM is in a TR now swetz because we can plainly see that Ice is 94.50 swetz and Creek is 100.50 area Peter y kent y swetz now once I have my creek/ice lines drawn swetz I start to disect the TR, using Wyckoff principles Gary_Fullett this is important swetz looking at the buying/selling waves within the TR by closing analyzing the range of the bars, the volume, and the position of the closes swetz closing = closely swetz as I am doing this I am keeping Wyckoff's 3 laws in my mind ALWAYS Gary_Fullett yes yes... swetz so is there anything in this TR that sticks out to you? swetz the more obvious the clue, the better swetz WAKE UP ! ! !! !! LOL Kelley 1/19 demand volume DaveM stopping vol at bottom of tr DaveM showed support warren I see low of tr touched 4 times DaveM finished near top of range on high vol Gary_Fullett lol swetz everybody see the 1/19 bar that Kelley and Dave mentioned swetz Dave said something interesting that the close was at the top of the bar, but is it really? JohnF labored rally to creek after 1/19 day DaveM next highest vol day was at top of tr 2/5 and no follow through on 2/6 DaveM no swetz why isn't it Dave? Gary_Fullett good q DaveM top of range is low of day before Kelley no, upper 1/3 or so DaveM so bottom 1/3 is more correct of the range kent after it got above, breaks faster and with more vol than the ups kent above 95, lol warren 2/6 inside day swetz David and Gary taught me to look at the 1/19 bar this way DaveM full day's range is 9891 to 9455 lo swetz there was a huge gap on that bar swetz but to Wyckoff, gaps are part of the range JohnF to gary gaps always fill right??? lol swetz so the true range on 1/19 is from the prior day close and the 1/19 low swetz when looking at the 1/19 bar in this manner, we get a truer picture of the demand/supply relationship DaveM close ok handles got it handles cool JohnF not in the context of the huge range from 100 to 90 though dave swetz so the position of the close was below the midpoint of the 1/19 range swetz which said that supply was in control for the most part swetz but Dave said something also that is important on this bar swetz even though the close was at the bottom 1/2 of the range swetz it was STILL OFF OF THE LOW swetz so there was some demand on this bar swetz there had to be, otherwise the close would have been near the low DaveM ::up swetz the ONLY WAY that the close was off the low was if buyers were ready and willing to scoop up all the IBM at the lows Gary_Fullett no gaps... kent lol Kelley interesting, I see it as demand volume swetz there was demand there Kelley, you are right Kelley but did not take into acct. for true range swetz BUT supply is present as well swetz because the bar was very wide and the close was way off of the high swetz because remember the true range starts from the 1/18 close Kelley yes, I see your point , very good kent mostly supply to me, retraced 50% of tr in one day and closed in lower 1/3 of true range swetz the 1/19 close was 96.17, the 1/18 close was 99.45 swetz I would agree kent but because of the stopping volume and the close off the low swetz we have to determine is this bar supply or a big shakeout Alvin joined. swetz anytime you see a wide range bar that goes down in an uptrend, you have to consider is it supply or shakeout kent true Kelley Hi Alvin, we are discussing IBM daily TR Alvin thanks hi JP until supply presume shakeout? Gary_Fullett hi.. swetz so now we have identified Ice/Creek kent but look at the rally after that bar, seems labored to me, so indicates supply still in control swetz this bar right here could be supply Joel, especially when considering the monthly creek swetz reason it is so important to look at more than one timeframe swetz if we never saw the monthly chart swetz this area would not have nearly the meaning DaveM next highest vol day was at top of tr 2/5 and no follow through on 2/6 JP okay ~ how about going forward ~ at what time do you decided on shakeout or supply ~ you get a COB sometime after this bar ~ then you say was supply not shake out? swetz the quicker, the market snaps back, the more likely I believe it is shakeout swetz Joel swetz great point Dave JP k swetz notice after the 1/19 bar, it took IBM 11 bars to recover the loss generated on 2 bars JohnF is this an UT retest on daily? swetz I thought so John, reason I went short last week JohnF :) swetz as IBM rallied and on the 11th bar on 2/5 JohnF last wed swetz? swetz Dave mentinoed this and it is a great point swetz yes John JohnF k ty. swetz notice that the volume was the highest since the 1/19 low swetz better said, highest in 2 weeks swetz IBM rallies back to retest the Creek of this TR swetz which appears to me to be distribution because of the potential supply on 1/19 swetz the support TL drawn connecting the 12/1 and 12/26 lows was easily broken on 1/19 swetz the monthly creek at 100 swetz and the lack of follow-through on the increased volume bar on 2/5 that Dave mentioned swetz which lead to a LOWER high swetz which is one of the 9 Wyckoff selling tests swetz also, can we not say that IBM is relatively weaker than the general market Art left. swetz as SnP makes new highs, IBM stays in a TR JohnF it is. didnt participate yesterday. swetz another one of the Wyckoff 9 selling tests swetz right John swetz so when looking at the 9 Wyckoff selling tests objectively swetz we can go down the list, check marking off each test that his met swetz his = is swetz see how by us just gathering information on what we KNOW swetz we can start arriving at conclusions that can help guide us to what action gives us the best probability for success Kelley y swetz for me to change my distribution TR conclusion in IBM, I would need to start seeing IBM hug against the 100 level swetz which would lead me to believe that IBM could be absorbing right here DaveM w/ closes near top or ranges daily swetz the longer IBM stays at 100 without reacting, the more likely I start thinking absorption swetz right Dave swetz everybody in the world sees that 100 is resistance in IBM swetz we are not the select few that see it and noone else does swetz that is the reason why it is SO IMPORTANT to analyze the REACTION from this point swetz to help us to judge whether IBM is absorbing or distributing swetz for now because of the clues we just went over, I think distribution Gary_Fullett good :) swetz but if I short and IBM refuses to react from resistance like it should if this TR is truly distribution swetz this is a red flag to me and will cause me to either move my stop to breakeven or just cover my short swetz either my timing was wrong or my analysis was wrong Joe_K It is tricky but I'd agree with Swetz swetz okay folks any questions? JohnF did you cover not only because of general market, but because reaction from creek didnt do what you expected?? handles why pink? Joe_K Do u think that LPSY is pretty solid ? JohnF lol handles. swetz both John swetz in memory of rhonda not being here handles ::smile kent lol handles u know what they sayyyyyy handles lol Kelley is she baking tonight or something?:) JohnF thanks for the analysis swetz cool stuff DaveM nice job steve swetz I dont Joe handles swetz that was awesome JohnF if rhonda goes to reno she should make cookies....for swetz swetz like you said, little bit tricky cause keeps hanging around 99-100 area Joe_K Can 1/5 be Pre-Supply ? Joe_K Daily kent cool, clear, and concise, as usual :) swetz I would either call the reaction starting on 1/18 PSY Kelley I appreciate the insight re: true range, good stuff swetz or just supply after lack of demand ending action to this daily uptrend swetz I do not see a BC here Joe_K only blemish I see is no BC and poss Pre Supply Joe_K with BC pending JohnF why 1/5 joe? swetz which would be nice to have to meet ALL of the Wyckoff selling tests swetz I agree Joe Joe_K that huge break John Gary_Fullett yes swetz I think that is 1/19 Joe Gary_Fullett here Joe_K 1/17 to 1/19 Joe_K break Joe_K John JohnF oh ok...i thought i was going crazy..but its just joe. Joe_K ?? swetz one quick thing I forgot to mention about IBM Joe_K lol swetz and is very important I think swetz if you guys look at a weekly chart of IBM JohnF inside weeks last few. swetz and draw a support TL from the mid August low to early Octoberlow swetz low swetz you will see that IBM reacted right to this support TL this week Joe_K I would contrast this type company against GE and SNP 500 as well as Chinese Stock Market swetz also you will see an UT and UT test swetz the weekly low last week was 97.80 swetz the weekly low this week is 97.81 so far swetz any move below this point, is an automatic SHORT swetz to me swetz but I am trying to begin shorting closer to 100 swetz because that is important resistance is where risk is lowest swetz and is where swetz but I will definitely add to my short on a move below 97.80 swetz and will be looking to cover around 90 Joe_K cool swetz one other thing to remember is that the longer this TR persists, the more cause is being built swetz which means greater potential reward Joe_K y Peter If we see 100 again, I'll sell another block of longs, and short too :) kent p n f target? swetz right now, it is 90-91 kent kent ok, ty swetz but is subject to change as the TR continues to develop Joe_K Swetz wants 87.94 Gap swetz I will be with you Peter Joe_K :) swetz lol Joe Joe_K :) Peter Swetz, it's been a while since we've been in the same trade :) swetz if you guys take a close look at the weekly chart DaveM nice job again....gotta run folks cy ya tomorrow handles financials are looking vulnerable to me in the US and CDN mkts swetz ::smile Peter swetz cy Dave DaveM left. swetz of IBM Joe_K Y Hanles swetz and compare this week's bar to last week's bar Peter I don't trade that many stocks anymore that aren't commodity based swetz we got one more day left this week but we can already see the lack of demand that is SO FAR occurring this week swetz compared to last week kent inside range kent so far handles looks like supply has been entering the charts up here.....i will look for a specific stock and send it to gary swetz and we can also see the lack of upside movement compared to last week so far swetz right kent swetz cool handles Peter I'm ready to short the indecies soon; have the gun loaded :) Joe_K Peter Joe_K No Joe_K Losing him to Darkness Joe_K :( JohnF lol Peter I knoe Joe, I need to see supply swetz I need to see a swing low get taken out before I get short SnP Joe_K Peter moving to Dark Side Peter lol Joe it will be a futures trade the IBM is just for "old times ") Joe_K lol swetz SnP needs to close below my birthday 2/12/07 Peter ES & dow future & Nasd ;) swetz before I would consider going short swetz ::smile Joe_K cool handles single stock futures swetz are possible kent been thinking about doing stocks, need to double my current account 1st though, lol swetz SnP has respected that support TL FIVE TIMES Joe_K Ok JohnF saw that as well sw swetz yep handles Peter I actually have a lot of cash in 1 stock account, but mostly for buying commodity etfs for retirement fund swetz ::smile ::ninja John Joe_K Wanted to talk on a couple things JohnF ::ninja Joe_K Excellent analysis Joe_K Swetz Gary_W joined. swetz I aim to please ::smile Joe_K lol Joe_K Earlier we were talking swetz I only wish my girlfriend said that on Valentine's swetz ::angry Joe_K semantics Peter you do Swetz, it was truly a great job as usual Kelley lol Joe_K ect in Wyckoff Joe_K Wave theory Gary_Fullett wonder ful Joe_K When you 1st start Joe_K I used to be like Joe_K What is Gary Joe_K Talking about JohnF lol Joe_K SOS SOW SOT Joe_K Scratch head Joe_K A couple ideas handles gary.....pull up a chart of HBC to see bank stocks and supply starting JohnF that was me like a year ago reading the archives. handles lol Joe_K You should print the terms out Joe_K 1st Joe_K and make flash cards Joe_K What I did Joe_K Was took 1 thing Joe_K 1 thing only Joe_K LPSY Joe_K BC Joe_K SC Joe_K Whichever Joe_K And that was my TERM Joe_K for the Week Joe_K I tracked as many as I could find Joe_K I looked at actions BEFORE and AFTER Joe_K LPSY Joe_K Mon LPSY Joe_K FRI LPSY Joe_K SAT LPSY Joe_K SUN LPSY Joe_K Next week Joe_K take another Joe_K term Joe_K You must learn 1 THING Joe_K and know it Joe_K To be able later Joe_K to put it all together Joe_K in the Wave Joe_K Wave glides through Phases Joe_K So Id do Phases first Joe_K and Law Joe_K Then go terms Steve_W joined. Joe_K Start with SC Joe_K go to BC swetz HDB too handles Joe_K 1 term each week Joe_K Ok Joe_K Deep Wyckoff Joe_K exists Joe_K Its not a Fairy Tale JP ::smile Joe_K As you gain the beginning schematics Joe_K It gets more chalenging Joe_K Level Springs Joe_K 1,2,3 Joe_K Trading Range Sub divisions Joe_K A,B,C,D,E Joe_K Wyckoff is a MOTHER Joe_K to digest handles left. Joe_K serious handles joined. Joe_K It takes a few years Joe_K Its excellent Doc_K left. Joe_K Format Joe_K and designed Joe_K well Joe_K It feeds itself Joe_K Heres a trick Joe_K too Joe_K Everything you learn Joe_K Associated with Accum Joe_K Is YIN Joe_K to Accum Joe_K YANG Joe_K Night to Day Joe_K Whole Methodology Joe_K is like this Joe_K BC vs SC Joe_K Dist vs Accum Joe_K Same action Joe_K Difference is this Joe_K In Accum Joe_K Who is passing stocks Joe_K ??? Joe_K What manner Joe_K Flow Peter weak sellers to stron CM Joe_K and in Dist Joe_K Flow ? Peter CM to weak specs Gary_Fullett good thoughts Steve_W left. Joe_K This is So Important Joe_K To understand Gary_Fullett it is Joe_K Peter Joe_K Could you tell them why Joe_K in Accum Joe_K its like that Joe_K take your time Joe_K lol Peter CM knows the true value, specs just listen to the news...usually bearish in early accum Joe_K y Joe_K So Kelley Joe_K CM's are doing what ? Joe_K in Accum Gary_Fullett the story Gary_Fullett u have to gather info. Kelley CM's are in process of a campaign Joe_K Excellent Kelley on Joe_K Gathering positions Joe_K From Who ? kent dumb smucks, lol Joe_K Weak Hands Peter shorts and weak longs Joe_K Think John Q Joe_K Public Joe_K Stocks seem bearish Joe_K CMs scaling in Joe_K In Dist opposite Joe_K The CM's are handing off Peter keep in mind markdown recently ending, and many are bearish Joe_K the run kent news still bearish Joe_K Placing the potatoe ( Price ) Joe_K back into weak hands Joe_K Understand ? JohnF yes Joe_K This is a never ending continum Kelley y Al y Joe_K Life Cycle of Stocks Joe_K Where are the 3 best areas Joe_K For you too Buy Joe_K YOU Joe_K on a chart Peter ice, backup to creek, spring Kelley y, agree kent last point of support Kelley easy for me to say ::wink Joe_K no LPS ? kent back up to creek Joe_K :) Peter lol, I'll be quiet now and grab a ::wine Joe_K LPS Kelley lol Joe_K and LPSY Kelley y, LPS Joe_K are imp kent I thought that was what I said, lol Gary_Fullett wine is good :) swetz kent, you and I are always ignored ::smile Joe_K 1) Terminal Shakeout or Spring or test kent lol Gary_Fullett what swetz and joe Joe_K 2) LPS Gary_Fullett have talked on Gary_Fullett are things they learned Gary_Fullett it wasnt thru omsosis Joe_K 3) BUEC kent brb, dog needs tending to, lol Gary_Fullett that it came Gary_Fullett they worked hard Joe_K What is BUEC ? Gary_Fullett look joe may be an ass many times Gary_Fullett but his passion Gary_Fullett in UNMATCHED Joe_K This Ass can make $ Gary_Fullett so we are always loking to get beter handles jack ass Gary_Fullett and whats important Joe_K What is BUEC ? swetz glad Gary didnt include me in that last comment ::smile handles hobo ass Gary_Fullett is the bottom line Gary_Fullett true joe handles french word handles joe handles means kiss handles lol Joe_K Guys Joe_K Your missing the pont Gary_Fullett so i respect his passion Gary_Fullett not always his tact Joe_K BUEC ? Gary_Fullett but his passion handles no clue Peter I said it earlier, in slightly different form :) swetz back up to edge of creek Peter y Kelley back up to creek Joe_K ty Joe_K So Joe_K 3 areas where YOU buy Joe_K Best Joe_K How many listen to that Joe_K Day to Day handles starting to Joe_K ok handles finally swetz I do Joe Joe_K Its imp swetz ::smile Joe_K I know you do Swetz swetz lol Joe_K I want to say something Joe_K Imp Joe_K Swetz swetz spring, test of spring, LPS after SOS, and BUC Joe_K Is a great asset swetz 4 buying areas Joe_K Because he is meticulous Joe_K in his work Joe_K THATS what it takes swetz 5th buying area but less favorable is reaction within establishe uptrend Joe_K Easy tiger Joe_K lol swetz back to corner, please continue swetz lol Joe_K Basic Wyckoff Joe_K 1st Joe_K OK 3 Selling areas ? Joe_K Kelley ? Joe_K Kent Joe_K Warren ? handles broken ice retest Peter think the yang of the buy :) handles ? JohnF resistance, ut, bui retest Joe_K Ill accept that Joe_K I love that one Joe_K attach it to a LPSY swetz UTAD, test of UT, LPSY after SOW, Rally to Ice after Break Joe_K for risk handles was going to say LPSY warren after bc retest warren ;[du Joe_K Excellent swetz ::biggrin ::coolsmile ::ninja Joe_K See Joe_K This is imp kent back handles very swetz I like Peter's answer better though Joe_K Nobody loves to do the work Joe_K If you see 35 traders Joe_K in a room Joe_K 8 may do the work Joe_K maybe Joe_K tops Gary_Fullett amos Gary_Fullett had a lecture Gary_Fullett when i was at the merc Joe_K Its boring kent actually six places to buy or sell, but 3 are better because of lower risk Gary_Fullett there was 30 peole in the lecture Gary_Fullett he said Gary_Fullett out of the 30 there Joe_K Most rasther hear BUY x stop X target X Gary_Fullett probbaly maybe 1 will folow wyckoff Gary_Fullett 1 yr later Joe_K I agree Gary_Fullett I had studied wyckof before amos Joe_K 1 in 30 Gary_Fullett and was the only one that stayed with it but i iddnt count Gary_Fullett the newsletter kent lol Gary_Fullett has specific rec Gary_Fullett but it a teachign guide Gary_Fullett as well which i cant do s much online Joe_K Most traders want a hot trade Gary_Fullett but in the newsletter Gary_Fullett as well as semianr Joe_K Forget the work Peter I honestly didn't realize that there would be this much work when I first started, I though just learn the wave, the terms, and I'm ready to trade :) lol Joe_K mentality Gary_Fullett we teach as well as rec Gary_Fullett so been better than i thought swetz not boring Joe, if enjoy it Joe_K Yep swetz I think many of us enjoy it so much Gary_Fullett hard work helps Joe_K But heres the KEY Gary_Fullett BUT still can lose swetz like you Gary_Fullett and ahve losing months Joe_K If its Business swetz me, Peter, and others hee kent fun looking for the gold nuggets, lol Joe_K YOU must do work swetz here Gary_Fullett but in the long run is what counts Peter I enjoy it too, you have to :) handles i want the hot ones.....no work handles hahahaha Joe_K BS kent lol H Joe_K lol swetz lol handles Joe_K Listen though Joe_K Perspective Joe_K How old are YOU handles learning is more satisfying to me Joe_K Average Joe_K AGE Joe_K 38 ? handles i would love to have the skillset u guys have here with wykoff handles 33 here Joe_K Id say 37-43 Peter I'm closer to Zack, I had 2 careers first :) Joe_K average Joe_K Half your LIFE is GONE handles broker for 12 years.....scary....... Joe_K Understand kent 52 Joe_K Your on the CLOCK Joe_K 78 Joe_K years Joe_K Guys swetz young buck here Joe swetz ::smile handles jeeeeeshhhh handles me too man Joe_K The point is this Joe_K Where do you want to be Joe_K in the business of trading Joe_K next 20 years Joe_K A fart ? Joe_K a ghost ? warren alive JohnF lo,. warren lol Joe_K a body bag ? JohnF lol handles the king handles 200 cars JohnF a cm Joe_K Or a Pro lubed killing machine ? handles at a shot Joe_K Study and Work are Essential to Success handles greed is good....... kent I ain't here for my health, lol Joe_K Experience the caboose JohnF honestly I want to be in the playboy mansion...i just saw mtv cribs on that place... Joe_K If you want to make $ Joe_K Its not hard Joe_K Its keeping it kent need to keep it too, lol Joe_K you need to worry about Joe_K Defensive Offense Joe_K TRADING RANGES Joe_K The 3 Keys Joe_K Price Vol TR Joe_K Of those 3 Joe_K Price is most imp Joe_K Why Kelley tells who wins battle Joe_K y Joe_K Everything converges on ? warren reality Joe_K I can have High Vol Joe_K and it be stuffing Joe_K Price = nowhere swetz lol John Joe_K High Vol Climax swetz lol kent Joe_K See the Diff Joe_K Vol will not tell you Joe_K Who won JimC left. Joe_K battle Joe_K PRICE will Kelley yes Joe_K Price is the Queen Joe_K in this game Joe_K The board Joe_K is the charts Joe_K The players Kelley what about Joel? Joe_K are the Volume Peter I thought JP was :) kent I think what is behind the price is imp too Joe_K Hes the Horse on Monopoly Board Kelley errrrr MAry kent lol Joe_K lol Kelley errrr JP Joe_K So Joe_K Earlier Joe_K I was talking on Price Joe_K Look at Wyckoff Joe_K LPST DIST Joe_K LPSY Joe_K UT Joe_K All you can see with what Joe_K PRICE Joe_K Accum Joe_K LPS Joe_K MARKUP Joe_K All can be seen with Joe_K PRICE Joe_K PRICE tells all swetz need volume too though Joe_K Its the snake that moves through the Waves and Phases Joe_K Vol comes and goes swetz on a ST of SC, the most important factor in determining ST is volume - from the words of Wyckoff himself Joe_K Price is the last point you can use to distinguish Strength from Weakness Joe_K Not Vol Gary_Fullett can u have a sc Gary_Fullett then a lower low? Peter y swetz yes Gary_Fullett how? kent y Joe_K lol Peter the retest can be lower Gary_Fullett if sc is the final low? swetz can be a spring of SC kent can retest above, at, or lower than the SC swetz terminal spring of SC Gary_Fullett what do u want to see on that retest peeter? Joe_K When is final final Joe_K ? Joe_K lol Gary_Fullett right joe Peter demand kent depends on range and volume Gary_Fullett well a lower low Joe_K I wanted to wrap up Price Gary_Fullett and lightt volume Joe_K lol swetz same way you can have UTAD after BC Joe_K Price can tell you Vol but Vol cant tell you Price Gary_Fullett sorry jowe Gary_Fullett joe Joe_K Rem that GEM Gary_Fullett my apology kent even the initial ST can be above the BC Peter ok `lite volume, but ultimately you must see demand overcome supply Joe_K Price can tell you Volume Joe_K Volume cant tell you Price Gary_Fullett dont get caught up in clasical doesnt exists that often Okay? Peter if supply is still present, the volume IS higher, so thus the rationale for wanting the lighter vol Gary_Fullett many times price can tell u volume kent price + spread needed to give indication of volume, not just price, imho Joe_K Stuffing verse BC Joe_K High VOL Joe_K Right Joe_K Which is it Joe_K Cant tell Joe_K Price you can tell Joe_K by the close Joe_K ok ? Peter on a retest I don't care about vol, as long as price reacts with great reaction, so price as Joe is saying Kelley y Joe_K Its imp Joe_K David W Joe_K Has a great comment Joe_K " I'll use Volume as its available.." Joe_K This is what Swetz is saying Joe_K Gary Joe_K too Joe_K They are 110% correct Gary_Fullett yes yes yes Gary_Fullett its a great quote Joe_K Gary take us home Gary_Fullett for newbies joe Gary_Fullett they should always use volume with charts swetz right Joe kent price is just 1 tick, the spread (and by implication, time) gives you indication of volume Gary_Fullett when u get more into wyckoff Gary_Fullett u dont ahve to always Look at volume swetz well for old folks too, imho Gary_Fullett as u can feel volume si what joe si saying Gary_Fullett but swetz should use volume Joe_K Yes Swetz Gary_Fullett glance at it Joe_K old Joe_K lol swetz if available Gary_Fullett and confirm it with price swetz ::smile Joe_K I loved Davids comment Joe_K I asked him Gary_Fullett i think u should use it swetz I do too Joe Gary_Fullett early on esp Joe_K Do you use Vol Gary_Fullett like labeling swetz ::smile Gary_Fullett when u knwo wyckoff Gary_Fullett u dont label charts Joe_K He said in so many words If available sure do Joe_K Why not Gary_Fullett he doesnt joe swetz exactly Joe Gary_Fullett because he si too old doesnt have time to lol Joe_K lol Joe_K Now Joe_K Gary Joe_K Uses Price more swetz David is CM so he makes his own volume Joe_K than ANYONE Joe_K I KNOW swetz ::smile Joe_K ANYONE Joe_K Gary is a Price NUT Gary_Fullett let me say something Gary_Fullett and I mean this Gary_Fullett with swetz Joe_K Maybe due too floor Gary_Fullett Joe Gary_Fullett amos and david Joe_K ok Gary Gary_Fullett U have 4 of the most profiecient Gary_Fullett wyckoff traders Gary_Fullett with all differnt niches Gary_Fullett and Zi am not blowing smoke up yoru arse Gary_Fullett I eman that swetz I hope this is being archived - LOL Gary_Fullett because they UNDERSTAND PRICE JohnF LOL Gary_Fullett and MOST dont UNDERSTAND market action Joe_K You'll see us use diff small nuances, nitches, but WE ALL come back to Wyckoff Gary_Fullett u can learn market action with other methods and exp Gary_Fullett but the ebst traders in the world UNDERSTAND market behavior Gary_Fullett I promise u that Gary_Fullett u think warren buffet doesnt understand price Joe_K Setz we arnt a HOT COMMODITY on THUR nights yet Gary_Fullett U r wrong if u dont think that Joe_K Swetz Joe_K lol Gary_Fullett amos too joe Gary_Fullett i knwo u butt heads Gary_Fullett but he always goes back to cm and market manipulation Gary_Fullett a foundation Joe_K Yep Joe_K He does swetz lol Joe Gary_Fullett but w eevolve Gary_Fullett and as wel evolve Gary_Fullett we may dsiagree with that evlove ness Gary_Fullett example Gary_Fullett david and amos Gary_Fullett davidd tuaght amos Gary_Fullett i knwo david from amos Gary_Fullett and yet they dont talk Gary_Fullett because they evolved differntly Joe_K Gary taught me Who taught you Swetz ? Gary_Fullett but both are genuises imho Joe_K beginning Gary_Fullett shit joe dont say Gary_Fullett so w eevolve swetz Gary too Joe_K ok Gary_Fullett thats why joe argues with me amos ect Gary_Fullett because he has evolved Gary_Fullett great point swetz but Bill McLaren and WON use Wyckoff but just dont use the terms Joe_K Im a chimp ? Gary_Fullett setz and joe from me Joe_K lol swetz but understand the price action like wyckoff Gary_Fullett but have differnt niches Gary_Fullett !!!! Gary_Fullett they all do swetz Gary_Fullett but dont give him credit Joe_K 2001 Space Odessy playing Gary_Fullett do u think david and amos are differnt Gary_Fullett ? Joe_K ( Kelley tuening albumn over ) Joe_K :) Gary_Fullett well look at amos how amos evolved Gary_Fullett much differnrent than amos swetz night and day swetz amos and david swetz lol Joe_K Totally Joe_K lol Kelley lol Gary_Fullett so we evolve Gary_Fullett and u will too Joe_K But I will say they still wont go too far without coming back to Wyckoff Kelley "Open the POD bay doors HAL" Gary_Fullett dont trade like me amos davisd joe swetz Gary_Fullett have yoru own niche JohnF lol kelley Al GREAT CLASS tonight Joe,Swetz,Gary,Peter,Kent, & Everyone else Joe_K Wyckoff is like a drug Al TY Gary_Fullett discard what doesnt suit u or u feel uncomfy with swetz definitely dont trade like Swetz swetz ol swetz lol Joe_K It stays with You Gary_Fullett seriosuly do what u like most JohnF i want to trade like swetz :( swetz lol Gary_Fullett that why joe argues with amos me at times Gary_Fullett he evolved Gary_Fullett in a god way but differnt thats all Joe_K Use Swetz work ethics ( if he doesnt want too ) Gary_Fullett its a good things swetz joe argues with yoshi Joe_K :) JohnF lol Joe_K Yoshi agrees with me Joe_K though Peter Joe argues with himself :) Gary_Fullett so we are here to ehlp Gary_Fullett and all anglesd welcome Joe_K She cant speak Gary_Fullett as long as we make money Joe_K lol swetz lol, I would too if you had the dinner bowl JohnF this a great class tonight swetz ::smile warren left. Joe_K She understand dinner bowl Joe_K lol Kelley lol Joe_K Swetz too swetz yoshi and me got something in comon then Joe_K lol swetz ::smile Gary_Fullett okay any questions? Joe_K Guys in closing Joe_K Tons to make tons to do Gary_Fullett i really appreacite everyones work esp joe Kelley no q's ty GAry Gary_Fullett but he takes yrs off mu life lol Joe_K :) Gary_Fullett but its all good Kelley lol Joe_K But your better for it Joe_K :) Gary_Fullett because we all get there togther Gary_Fullett yep i am for the most aprt Gary_Fullett thats why i thank u Joe_K When we argue Gary_Fullett and appreacite u Joe_K WE ADVANCE Gary_Fullett but focus it to markets Gary_Fullett if u dont advance u die Joe_K Yes Peter I agree Joe, I like to argue with the goal of getting to the truth Gary_Fullett okay need to do charts Joe_K Everyone DOES NOT have to agree Gary_Fullett see u in the morning swetz gn Gary, good stuff Gary Joe_K But as long as we learn the points Gary_Fullett we shouldnt all agree Gary_Fullett makes it boring Joe_K Its good Kelley good night Gary Gary_Fullett i am far form the bible Gary_Fullett night all ty Gary_Fullett left.