Gary_Fullett joined. JOEL I wish someone would write an upadted version of tape reading bar by bar kind of book ~ these big picture books are good ~ but a layer or 2 to high up JohnF joined. JohnF evening all. Gary_Fullett hi all Joe_K mornen rhonda AMEN Joel, great point and I agree DaveM hello gary, joe, pat, rhonda...noob joel and all others i missed crapgame hi gary biwi joined. crapgame dave rhonda Hey Joe and Dave crapgame hey biwi rhonda Hiya biwi DaveM hey biwi Joe_K that the new Hank book Rhonda ? biwi hey crapgame rhonda Dave Joe and everyone rhonda yes Joe Joe_K how is it? rhonda It is OK so far I am on page 20 Joe_K how many pgs ? rhonda just getting to it really rhonda not sure Joel how manypages?? my book is downstairs Gary_Fullett hank pruden book? rhonda yes warren joined. Joe_K ok JOEL 265 biwi hey Gary Joe_K ok warren ge everyone rhonda Hi Warren!! Joe_K mornen biwi hi warren biwi lol comando Joe_K :) JOEL I think he read some of your stuff Joe ~ he says RDW was "master of the tr" ~ Joe_K Yes sir biwi joe man sensei Joe_K Hank is pretty cool old fart Joe_K lol Joe_K Got to watch these old guys biwi bow dwn to master hose JOE K biwi lol Joe_K like Hank, David, Gary Joe_K lol biwi Gary too and from what i heard david Joe_K Gary though a pup too Joe_K far as years Joe_K alive Joe_K not Trade years Joe_K lol noob Joel, at what fractal did you want to learn to read the tape? biwi lol Gary_Fullett alwaysa apup biwi who loves blossims Joe_K Well Cubs wise Yes Joe_K lol biwi doesn't matter boy girl lol Kiran joined. biwi lmao JOEL like what gary does in the news letter ~ Joe_K anyone read anyTubs ? Joe_K older trader rhonda Joel I have a good tape reading book but it is old but it helped alot JOEL where you would look at a bar say that trades higher than the prior days bar but can not hold the high and closes at the low impying a reversal kind of stuff noob ah ok. for that Garys explainations are the best Jerry joined. JOEL which one rhonda rhonda I am trying to find it too much junk in office, lol Joe_K rabbits foot DaveM rhonda has too much junk in her trunk...lol Gary_Fullett lol swetz joined. JOEL LOL dave rhonda lol yes noob Joel, do you keep a trading log where you write all your thoughts and analysis every day? DaveM atkins...baby warren hi swetz! DaveM dave chewing on his slab of bacon Joe_K lol swetz howdy folks, warren ! ! ! ! DaveM and diet snapple swetz rhonda ! ! !! swetz Dave ! !! ! ! noob hey S Joe_K mornen DaveM steve!!! swetz and Joe !! ! ! ! biwi hi swetz swetz howdy biwi and noob ! ! ! ! !! Jerry Bob posted a nice acronym on Joe's site. Jerry List that is... swetz hi Jerry ! ! ! ! ! noob S, are any of these stocks on your list.... IP, MCD, JNJ, UTX Jerry Hey Swetz ::rolleyes Gary_Fullett any stocks swetz? swetz we can talk about springs swetz if you want Gary_Fullett sire Gary_Fullett and upthrusts swetz yep Gary_Fullett i sent charst on that Gary_Fullett but a good topic kent joined. DaveM kent swetz sorry, noob, not at the moment but they might need to be ::smile Kelley joined. kent hey Dave swetz if you guys wanted, David Mathys an instructor at SMI in the early 1970s swetz made a series of lecture tapes on springs Gary_Fullett proba agood thing swetz and I was going to talk about what I thought were the important parts swetz on that lecture series DaveM kul Kelley good evening Folks swetz they actually compliment what David and Gary have mentioned here Joe_K mornen kent sounds good to me :) swetz in the past noob hello Kelley Jerry Yep and they are good spring tapes were instructional. rhonda Joel I will get back to you I cannot find it right now ::sad kent Hi Kelley Kelley hi noob biwi kelly ::beer Kelley hi Kent rhonda Hiya Kent!!!! rhonda Evening Kelley!! Kelley hey biwi & Rhonda ::beer:) Peter left. kent Rhonda !!! warren hi Kent, Kelley biwi hi kent JOEL K ~ thanks DaveM hey peter ...steve discussing springs biwi didn't see you Kelley hi Warren kent hi biwi JOEL evening to all i missed swetz howdy partner Kelley hi Joel kent Hey Joel rhonda Hiya Swetz!!! JOEL ::lips Kelley Kelley springs? swetz howdy Rhonda ! ! ! !! biwi hi joel Kelley lol rhonda lol kent ssssssswwwwwwwwwwwwwweeeeeeeeeeeeeeeeeetttttttttttttttttttttttttzzzzzzzzzzzzzzzzzzzz :) swetz kkkkkkkkkkkkkkkkkkkkkkkeeeeeeeeeeeeeeeennnnnnnnnnnttttttttttttttttt ::smile kent brb Joe_K Rusty Springs by I P. Nightly Joe_K lol JOEL LOL Kelley lol Gary_Fullett spring s are something that happen in many markest daily Gary_Fullett depends on tem frme swetz the Wyckoff SMI course Gary_Fullett they are reetst swetz talks about the #1, #2, and #3 springs swetz I agree with Gary and David DaveM rusty nail by i drink nightly Kelley lol pat kekkey--9:30--time for australia and japan to stir pat kelley:) swetz that the its the price/volume behavior and not the spring label that is important noob S we have any charts as examples? swetz the reason I like the David Mathys lecture series on springs Kelley ty Pat DaveM yes they even break it down furhter in to + and - springs crapgame left. swetz you can look at a daily chart of TXI DaveM can be confusing swetz and the daily chart of the SnP swetz right Dave Joe_K Today 1 on ES SP500 swetz right Joe Gary_Fullett was a nice one Gary_Fullett was poined out in class noob so springs can happen inside a TR ? swetz is that David does mention the #1, #2, #3 but the essence of his lecture series Joe_K notice no retraces over 4 Handles after it Joe_K :) swetz is based on the price/volume behavior not only during the development of the spring but in the subsequent price/volume actino swetz action biwi when your looking at the daily chart how many months do you look at? swetz David Mathys swetz had a 4 part checklist swetz actually it was 4 questions he would ask himself swetz that helped him not only buy a spring but helped him to see what to look for to stay with the trade swetz after the spring swetz I think about these 4 questions a lot when I think about buying springs swetz the 1st question was swetz is the swing point that is being sprung part of an accumulation TR swetz ? swetz I think this compliments what Gary and David have said about NOT buying springs that come from weakness swetz if a spring occurs while a market is under distribution swetz it has a much less chance of succeeding DaveM makes sense swetz so when I see a spring, the first question I ask myself swetz is this spring coming from weakness, is the spring in a TR that is likely accumulation/reaccumlation swetz this is ALWAYS the first thought that goes through my mind DaveM gotta know your intent DaveM right joe swetz yep swetz so say the answer to this question is YES the TR is under accumulation or YES the spring is NOT coming from weakness swetz then the 2nd question to ask yourself swetz deals with judging the rally from the spring Joe_K Y David swetz is the rally from the spring on wide range bars swetz increasing volume swetz rallies past the 1/2 point of the reaction that lead to the spring Alvin joined. DaveM ? swetz if the answer is YES to these clues swetz okay Dave DaveM last swing hi steve or just the top of the bar where reaction started? Gary_Fullett yes handles joined. swetz top of bar where reaction started DaveM k biwi handles go spend time wsith you wife addict Kelley lol swetz but judgment is required Joe_K if sup 100 res 110 youd like to recover 110, but 105 = Mid and back above that your seeing some strength handles shhhhh biwi hes on holiday at a hotel swetz not a mechanical thing JOEL LOL biwi she in the shower biwi lol sorry swetz handles nope swetz right JOe swetz ::smile swetz everybody read what Joe said noob so it's an observation one develops with experience? Joe_K Yes DaveM i understand and agree....just a smell test more than anythign rhonda yes biwi yes swetz that is what we should be looking for Joe_K Swetz pointed out Mid point, excellent comment swetz then like with Wyckoff, its the next reaction that proves the strength of a move JOEL gary once said a spring is a test of a low that produces a lower low followed by a rally ~ that helped me lots. Gary_Fullett good Gary_Fullett yes Gary_Fullett other wise just a retest swetz so we get a move from a spring position with wide spread, increasing volume, rallies past the 1/2 point DaveM capitulation of longs swetz the next reaction is CRITICAL swetz on the test of the spring DaveM like that word...caapitulluationnnn swetz this is where, we can buy the test with the lowest risk Joe_K me too Joe_K capitchulation Joe_K lol DaveM lol swetz lol Joe and Dave Chargerbabe joined. swetz if this test is on much less volume and more narrow range bars relative Joe_K Charger Babe Rated R Chargerbabe Honey I'm home! swetz to the bars on the rally DaveM sorry...proceed going on only 4 hrs sleep...lol Joe_K lol Jerry Welcome Back Den.. swetz lol biwi for commodity folks grains were almost limit up sunday night then they all closed dwn the next day swetz that holds above the spring low Chargerbabe Hi Guys! Sorry 4 bein' late Jerry Hope your on your good computer. swetz and preferably above the 1/2 point between the swing low and whereever the rally from the spring ended swetz that is even better biwi lol Chargerbabe Yea...desktop, less delay. I think it is the Java prog itself. swetz then we should be in a position to buy Kelley / Kelley ? biwi hi CB joes a hoss swetz with a stop placed below the low of the spring Chargerbabe lol swetz judging the reaction that tested the spring swetz is the 3rd step of David Mathys's 4 part list swetz the last step which proves to us that the trade we just took will most likely be a successful trade Bob joined. swetz is the rally from the test of the spring DaveM bob...steve talking springs.. Bob ok Gary_Fullett also note not everythign is classical Jerry Swetz is speaking on buy stock on the springs den...no chart. swetz if the spring is for real then we should immediately see EOM up after the spring test Joe_K SP prime example record vol supply sprung 1380 swetz if we don't see this, then we got to be thinking that maybe the market needs to build more cause or do another shakeout/spring type move Chargerbabe Ok Jer...I c the def on the stuff you emailed me. I see what spring is. TY! Bob is 3/29 on intc a spring? swetz or maybe our analysis of this TR being accumulation is really distribution handles left. swetz and we just misjudged the situation swetz lets look at a chart swetz the daily SnP chart Jerry That's why I like you to be the shotgun your on it...LOL swetz Gary and Joe mentioned one spring that occurred this morning Gary_Fullett es swetz but I was wanting to look at the test of another spring swetz that occurred a few days back Chargerbabe GREAT...the blind leading the blind! LOL swetz that compliments this 4 step list pretty well swetz lol Chargerbabe - the story of my life swetz ::smile Jerry Sorry zI just stumbled. Chargerbabe LOL swetz! Gary_Fullett lo swetz Gary_Fullett hey charger swetz in the SnP Chargerbabe yes Gary? Gary_Fullett welcome swetz there was a spring on 3/14 Chargerbabe TY! :-) DaveM 1363 noob S, how many days of intraday or daily bars would you look at to ascertain the re-test of spring? swetz can be as small as 1 day noob swetz right Dave Joe_K Want to comment on todays ES spring too in a min Joe_K Was premo trade Gary_Fullett it was swetz go ahead Joe ::smile Joe_K Ok real quick Joe_K TR was slow Joe_K TR was 1459 Joe_K Res Joe_K Ice was 1444 Gary_Fullett all chatting tonight Joe_K They sprang Joe_K 44 Joe_K Now here Joe_K You can mark 50% Joe_K TR Joe_K Which is 51-52 Joe_K Thats also your Mid point Joe_K Note Joe_K the action Joe_K after the LO Joe_K Not 1 retrace over 4 handles Joe_K and Joe_K You assaulted Joe_K 51-52 Joe_K took back mid point Joe_K So this is Dem/Dem sign Joe_K Strength/weakness Joe_K If you saw this Joe_K Going up Joe_K 1st retrace Joe_K holding 4 Chargerbabe Jer...answer your fone...its me calling you...got a que! Joe_K You buy on next dip Joe_K stop 4.75 Joe_K or 5.75 Joe_K below Joe_K and ride Joe_K OR wait till 52 taken out Joe_K and buy 1st dip Joe_K after Joe_K same stop Joe_K length Joe_K thats all Joe_K Rem 59 top of TR Joe_K 52-51 a shield zone Joe_K Since you traveled some now Joe_K can place stop 5.75 under 51-52 Joe_K and ride Joe_K as well Chargerbabe Jer, it might ring if the network ever becomes "unbusy"! Joe_K Rem that 4 H rule Joe_K Youll see it allot Joe_K in ES Joe_K Really watch it after Spring swetz GREAT stuff Joe ::smile Joe_K ty DaveM nice joe Kelley brings in all the elements, good example kent where would you have made your entry? Joe_K Agressively Joe_K After 1st dip Joe_K held 4 Handles Joe_K You buy or wait for next small dip Joe_K buy Kelley 52-48 = 4 handles? Joe_K stop 4.75 or 5.75 tops Joe_K Go to 5 min bar Joe_K look at LO Joe_K and follow action Joe_K all the way up Joe_K I think 1 dip swetz if you guys want an example of a recent spring buy I made based on this 4 step process Joe_K if memory correct Joe_K at 10:00 10:30 swetz take a look of the daily chart of TXI Joe_K of 4 Handles swetz I bought this stock at the close today kent ok ty Joe_K Buff 3-1 Joe_K Swetz Q swetz and put a stop below the spring low from the 4/9 low swetz shoot Joe DaveM 200 risk Joe_K Are there tapes on Terminal Springs ? noob todays rally did not take out 50% of reaction from Wed hi. TXI weak spring today? swetz not sure Joe but I think so Joe_K ok swetz I know SMI has a lot of tapes on springs swetz which I am sure that mention terminal springs on some of them DaveM yes joe...smi has em swetz in TXI, the bar 3 days ago swetz was the widest bar in several days swetz and took out the last swing high on 4/3 swetz also the volume increased very nicely Gary_Fullett looking now Gary_Fullett right biwi see it swetz then if you draw a horizontal Ice line swetz from the 3/16 low across swetz you will see the spring on 4/9 and 4/10 Joe_K Guys I had to take down Bobs excellent post on SMI vocab today, realize you cant re title stuff and post it, Legal issues, so if anyone writes SMI, and gets permission, not only will we re post the Vocab, but I'll place it up top, next to Amos terms too swetz and see that the subsequent swetz reaction swetz HELD that Ice line Joe_K Please understand dont want to get sued Joe_K :) rhonda yes swetz and reversed back up closing at today's high swetz Gary talks about price rejecting an area swetz to me, this what demand overcoming supply swetz at Ice swetz and the close at the high to me was a successful test of this spring swetz so I bought swetz maybe I lose but think the R:R ratio is there swetz and the price/volume behavior was there noob ah I see the intraday reaction from ice gave a large range bar on little volume. Translates to demand. rhonda how do we figure the count? noob makes sense now if defines as spring swetz great question rhonda kent vol certainly fell off last 2 days swetz I would take a PnF count using the 74 line swetz right kent, GREAT POINT ! ! !!! ! ! swetz if TXI was distributing, where is the volume swetz Gary and Joe talk a lot about intent swetz this is a great example that confirms what they teach to me swetz and less I am totally off my rocker swetz unless I am swetz I mean kent lol swetz ::smile rhonda lol thanks swetz Kelley lol Swetz swetz rhonda - I would use the 74 count line Gary_Fullett good eknt rhonda ok good swetz all the way across this TR swetz to come up with my upside target rhonda from what bar to what bar can u help me? kent target is? swetz from today's bar to the 3/5 low swetz bar biwi same q as kent swetz let me get my Pnf Chart ::smile JOEL I like that rally off of spring on TXI went higher than last little high on 4/3 and on ST of spring today you made HL ~ suttle but to me important rhonda Thanks Swetz I am still struggling with PnF great help Alvin Joe did you get a chance to post a layered ES chart? kent since the large vol day in Feb, all the higher vol days have been to the upside swetz I have a count of 14 swetz which targets an upside objective of 87 to 88 kent looks like accum tr to me JohnF sorry - but curious as to how do you know whats a good box and reversal size?? swetz there is a near term objective of 78-79 DaveM nice trade steve.... Gary_Fullett its trial and error Gary_Fullett u dont have a specific one Gary_W joined. Gary_Fullett u expierment swetz with stocks, you can generally use 1 box size and 1 reversal size DaveM think need to watch the hourly still holds a supply line that needs to be taken out swetz stocks are easier than futures DaveM just watch that area swetz because each future has different dollare value assigned for each tick move JohnF ok because I got different counts with a 3 pt reversal and a 1 pt, figured my 3 pt count was the conservative count...???? Joe_K I still think Stock pups can try to get 3rd leg of Google towards 80 Joe_K Mentioned buy at 53 DaveM on the list joe....:) Joe_K little trickier now rhonda Swetz when your near term objective is met you are keeping a tight stop say the low of the previous day what is your stop near term? JohnF i think sw sells half. JohnF depends on action i guess. swetz right now my stop is below is 72.90 swetz but like John said depends on action rhonda 9 April low swetz and I do like to sell 1/2 many times rhonda ok swetz right Rhonda Joe_K I will say this though Google risk is greater now rhonda Joe great trade on SU, wow!! JohnF risk pretty low here swetz. DaveM spring ? steveyreno ...get it Reno ....like NV...lol DaveM dumb joke... Kelley september sugar? JohnF lol Kelley SU? rhonda u need some carbs Dave, lol Joe_K Like that SU ? biwi dave Joe_K lol biwi boo swetz right John rhonda lol swetz reason springs are so good biwi lol swetz to trade DaveM brain....fading...i need sleep actually,,,up at 3AM flying home from TX to NY JohnF question on 4/11 bar...does that mean some supply still??? swetz Wyckoff talks about buying a stock as close to the danger point as possible rhonda Sorry Kelley Sunoco stock Joe_K If I had more time I could do more stocks work swetz springs are a great way to do that Kelley lol Rhonda Joe_K Just a Commod lover Joe_K though Joe_K :( Kelley Joe crossing over DaveM spring ? steve rhonda lol biwi su suncor kent lol Joe_K Swetz tried baiting me with cookies biwi not sunoco noob great talk today. Think I finally figuring out what a Spring looks like rhonda oh Sorry Suncor Joe_K I ate 5 and traveled to Mid Point biwi right biwi np Joe_K Ran back Kelley lol biwi ::smile Joe_K lol swetz lol Joe swetz shoot Dave DaveM Yes, what about volume on the spring? Reason for asking is that smi distiguishes a high vol (terminal) spring can be bought w/o a test and a low vol (#3) needs a retest to be sure the supply is gone....would you agree or have comments on this? biwi birch mountain like suncor same story swetz John - I dont think 4/11 bar was supply noob biwi what is ticker for birch mountain Joe_K tricky one as both can retest rhonda what story you mean going up? swetz because volume fell substantially compared to the 4/10 bar swetz remember what Gary teaches us about comparing volume to the area immediately around us biwi noob i know in canada let me check JohnF yes. But range noticible for me, probably would have passed this up If i saw that range. swetz no Dave, SMI teaches that a #3 spring does NOT need a test to buy Chris joined. swetz becuase the fact that selling pressure has dried up Joe_K Rem too compare Vol in a Thinner marker differently than a Well traveled one like Euro Dollars swetz leaves the stock vulnerable for demand to take control Kelley look intraday JohnF swetz John - but notice no technical damage done Kelley see what you think when looking at the 60 bar Chris Hi everyone swetz and also notice today's action Joe_K Each market has its own Average Volume constraints JohnF yes. thanks swetz. biwi BMD swetz TXI fell yesterday because the market was weak Chargerbabe Hi Chris~~~ swetz so nobody was willing to buy rhonda Kelley that is so true paints a clearer pic many times I just started doing that swetz not because folks were urgent to sell JohnF thanks kelley, was looking at 60min Kelley :)rhonda, it really helps noob thx biwi Chris Hi Chargerbabe - which chart are you on? swetz yesterday was a lack of demand not the presence of supply biwi np rhonda Yes, ::smile Kelley ah, ok JohnF sorry JohnF ::wine 4 kelley Chargerbabe Don't know honestly...don't have the ones these guys r looking at. My 2nd day in here...trying to play catch-up. Sorry, no help :-( DaveM steve...a good example of a spring that i traded back in Nov with some guidance from you was SNE....This had an excellent weekly spring if you take a look which i bought at 39 DaveM take a look at what happened here... rhonda Chris on Thursday we all talk no specific chart biwi did you check it out noob Chris ok - thanks noob looking at chart Joe_K was thinking quick look TXI may see 84 JohnF Chris - we were looking at TXI stock chart Chargerbabe surely! Kelley ty JohnF Chargerbabe TY John JohnF and talking on springs swetz yep Dave - PERFECT example rhonda Chris if you have questions you can ask too? about trading stuff, etc swetz agree Joe DaveM look at the weekly if you can...hard to find fault with that one Chris ok thanks biwi great example for swetz bmd JohnF yes make sure to ask questions chargerbabe and chris, its really hard at first but stay with it. swetz guys - if you want to see a great example on the weekly chart of a spring that Dave did a great job trading swetz take a look at SNE weekly chart biwi i'm learning noob Dave, what date was the spring on bmd? Joe_K TXI buy risk is minimum too below 70.20 DaveM october spring and dec retest Chargerbabe Don't worry, I am not a quitter! Jer knows that! swetz and notice the test of the weekly spring on 10/13 that was tested in early December 2006 DaveM steve helped me with the pnf objective once i was long rhonda nice trade Dave Joe_K Gap in TXI near 70.20 should not be filled if this EPA count to 84 wants to manifest swetz Biwi - very nice example DaveM I bought the same week on the retest and all the CNBc'rs were just ripping the stock ....that was my final confirmation that we nailed it. swetz check out Biwi's example on the daily chart biwi ty swetz of BMD biwi thought you would like it JohnF ice around 38.45 dave?? biwi tar sands canadian oil noob bmd no dividend on US listed? Joe_K 4-1 Buff DaveM yes john.... Joe_K power play JohnF see it, thanks. Joe_K SABRES Joe_K woo hoo Chris I just am riding up AUN on the tsx - nice move up today biwi no clue Gary_Fullett chris thursday is misc talk DaveM see the capitulation volume in oct spring (SNE) john? biwi yes us listed biwi amex JohnF what was part 4 of the spring checklist steve?? swetz judging the rally after the spring tests JohnF yes dave nice trade :) swetz we should see upward EOM if the spring test is for real JohnF thanks swetz. noob I put it on my watchlist. think I see 3.30 on this as buy opportunity Chargerbabe eom? swetz so TXI should show EOM now or either my timing was off biwi which one we talking about swetz JohnF ease of movement biwi lol JohnF =eom swetz and another shakeout is needed biwi sne or bmd Chargerbabe TY John swetz remember the CM doesnt want compnay DaveM if anyone is interested and has TC2007 for worden I have a PCF that looks for springs over 4~5 time frames...(ie. 25 day, 50day, 100, 200, 400 and 600 days) biwi ok swetz TXI biwi swetz that would be great Dave biwi ok ty swetz if you could send it to me or anyone rhonda great Dave DaveM my scan tonight showed 3 spring stocks...TXI, DLM and GI swetz I have one based on 10 day lows DaveM not all are springs but need some judgement obviously... JohnF does the pcf look for reversal bars or what?? Joe_K If TXI gets hot increase target to 87.782 swetz got a PnF count for 88 ::smile Joe_K 84 1st stop Joe_K then rest gravy swetz actually 87-88 Joe_K against Gap at 70.20 JohnF swetz if non-conservative target gets smashed (good range of bars and volume) then do you continue to hold a full position or sell half or a quarter?? DaveM depends on what you mean by reversals john...can explain or send off line then you can see...basically is looks for a day in the last 4 days that breaks a previous lo (say 100 day) and closed the day above that lo Chargerbabe Oh no Jer, I'm on the laptop now too. Pulled up the ext charts, trying to follow, don't know what the hell I am looking for...but I like the pretty colors! LOL swetz John - I keep it all JohnF ah i see cool. swetz because I got a higher count DaveM send me your email and I'll forward to those that wish to try it out. swetz if no higher count, I am much more aggressive in selling JohnF thanks swetz, dave. swetz ::smile Chargerbabe dave...chargerbabe68@socantel.net rhonda cool Dave sailorboysmom@bellsouth.net Thanks JohnF reedpride@gmail.com Joe_K For E mail observations send check $1 to Hobo NC 28390 Gary_Fullett this is nice Gary_Fullett all willing to help Gary_Fullett its what it is all about Joe_K lol Chargerbabe LOL JohnF Chargerbabe, chris, make sure to re-read logs of class, its very helpful especially when just starting out and not knowing of what really to look for. JOEL joelpalmer2@comcast.net DaveM i make samiches for gary tooo....lol Chargerbabe Ok TY for the advi! Chargerbabe John F Chris Thx JohnF, will do - sorry I joined late. biwi lol joe biwi ::smile Chargerbabe Don't be Chris, I was late too...compost occurs! Joe_K Good breaking Ice book ( excuse the pun ) How I Invest In Stocks And Bonds Wyckoff, gets you into his type perspective biwi .75 here for emails lol Joe_K Doesnt overwhelm Joe_K Easy reading Jerry Last chat posted om Gary's site was the 10th. Chris How's the book "Charting the Stock mkt - The Wykoff Method" by Jack Hutson? Anyone read it? Gary_Fullett kelly didnt get a chance to post last nights yet Gary_Fullett david weis JohnF pretty good. Gary_Fullett wrote a chapter on it chris Gary_Fullett he will be doing ther smeianr Gary_Fullett in may with me in reno DaveM ok folks i'll get that off to ya's in the next day or so with a bit of an explanation on how I set it up in TC07 JohnF davids portion is great DaveM going to get some needed sleep.... Gary_Fullett bring the book Gary_Fullett to the semianr Gary_Fullett he will sign it JOEL t y dave DaveM nice job steve and joe tonight DaveM thanks Chris cool... rhonda Chris the book is excellent and one of my favorites Chargerbabe OK Dave TY! Gary_Fullett well its nice on thursday Joe_K ty Dave Gary_Fullett to discuss it Chris I just got it Gary_Fullett chris join us in reno Gary_Fullett BTW Joe_K Great job on Springs Swetz Gary_Fullett if u think of coming Gary_Fullett and staying at the hotel Gary_Fullett by the 18th this month Gary_Fullett kleas emake ereservations Gary_Fullett please biwi great Swetz`and joe Joe_K Great Grain watching BIWI Joe_K :) Chris I'll have to see about time off...I'm coaching and may not be able to get the time off due to meets. Thx for the invite Gary_Fullett well i am inviting everyone Gary_Fullett but will have the max biwi thanks JohnF what sport?? biwi major action now biwi beans -2 swetz btw guys Chris Track - l. dist running - 1500, 3000m biwi crn -.25 was up 4 swetz I just received an email from David Weis swetz related to my TXI trade biwi wheat up 2.25 swetz and he agreed with the reasoning rhonda Thanks Dave and Good Night JohnF cool track is great Jerry Joe are you doing a Saturday class...? What time? swetz he also mentioned that he liked the tightness on the weekly chart DaveM that helps the 50% odds steve....nice trade JohnF not a distance guy though :( Gary_Fullett okay ope forum Gary_Fullett questions Gary_Fullett comments DaveM left. swetz ::smile Dave biwi swetz can you look more into bmd for me biwi give me your thoughts swetz okay biwi, I will biwi ty very much swetz chris mentioned a great book my Jack Hutson swetz I would STRONGLY recommend it Gary_Fullett histhoughts his to amke money :) Gary_Fullett do u all like stock talk 1 night a week? swetz David shows a great example of buying a spring test swetz and shorting an UT test biwi ::biggrin swetz those 2 trades that David mentions in this book are priceless Chargerbabe Yep Gar rhonda yes swetz if you understand those 2 trades Gary_Fullett good swetz you are on your way Gary_Fullett because i think a chart is a chart Jerry Sound good Gary. Chris I'll be reading it this weekend then - thx Chargerbabe like a horse is a horse biwi yeah but some can analyze much better Alvin stock talk is good too gary JohnF Question on BMD daily, is the action on 11/1/06 or 11/6/06 a COB Change of behavior...??? Alvin yes a chart is a chart rhonda I will post a bunch of Wyckoff free stuff next week that I have collected over the last 2 years for the newer people too swetz Biwi on BMD Gary_Fullett good alvin swetz thx Rhonda ! !! ! ! Gary_Fullett i go with the flow Chargerbabe TY Rhonda! Gary_Fullett so i think ther eis a mix here Chris thx Rhonda Alvin Thx Rhonda Gary_Fullett so we cna do both rhonda lol Swetz Alvin yes biwi yes Gary_Fullett wyckoff free stuff where? rhonda your welcome all Alvin Post it where Rhonda? rhonda Day Traders Bibel JOEL here G Joe_K Cool Rhonda Joe_K TY noob rhonda please let us know when you post swetz I think this current reaction in BMD is a buy rhonda Springs and Upthrusts swetz the reason I say that rhonda ( buying tests etc rhonda 9 rhonda nobb I will link it at the begining of class biwi what entry rhonda noob, sorry swetz is because 4/4 was a potential JOC to me noob thx biwi i agree by the way Alvin thx swetz and this reaction is occurring on less volume swetz and more narrow range bars rhonda Alvin I will post it here for you swetz so there is no selling pressure Alvin Thanks Rhonda:) swetz I would wait for a bar to close near the high which would show me that selling pressure has been exhausted before buying though biwi ok noob my take on BMD is it has way too much over head resistance. risk / reward is not good here. Needs to build more cause befire it can break out of the selloff that started on 11/13 @ 4.35 swetz biwi - you see the potential JOC on 4/4 swetz ? biwi yep biwi of course swetz noob - I was thinking that there was a SC on 11/17 swetz and then the ST in early Jan biwi swetz i know cm is buying this one up swetz had much less volume swetz indicating that the sellers are gone biwi but i really want to the chart to talk' swetz and the CM is accumulating Joe_K Id be careful BMD swetz then the recent upward EOM and potential JOC swetz seems to have confirmed this TR has accumulation Chargerbabe joc? swetz Jump over the creek biwi buying at 2.60 noob Gary, will todays chat be posted in its entirety? I have to leave and theres a lot of good stuff. dont want to miss it. Chargerbabe Ok i c. biwi to 2.90 swetz in BMD now, the rallies are stronger than the breaks Chris this is starting to make sense swetz this is bullish action Chargerbabe TY swetz Jerry Bob before I forget, thanks for the Acronym heads up on "Best of the Best." swetz as long as this continues to occur, the stock should continue up Joe_K BMD can still need some Accumulation, so have guard up Joe_K if long swetz cool chargerbabe swetz what Joe just said is VERY IMPORTANT biwi where would you buy on a retest swetz many times, we will see a TR that is accumulation Joe_K about 1 lower swetz but CM is not ready for markup yet swetz so he will probe using UT Joe_K maybe near 2.6 if she comes back Chris How does CM achieve markup? swetz to shakeout weak longs that buy breakouts swetz and continue to accumulate a positioni swetz until CM is ready for markup biwi march 25 cob? swetz we may analyze the TR perfectly correct as accumulation rhonda UT=UPthrust Gary_Fullett by accumalting a postion noob I specialize on these charts. This will drop back into the low 3 / hi 2 area. There's always a drop after the initial pop to shake out the weak hands making it easier to break out of the TR swetz but if the CM is not ready for it to markup Gary_Fullett and letting the news become bullish Gary_Fullett and funds take it higher with specs swetz then he will shake and bake those folks that bought to early and are not patient enough swetz to hold Joe_K Id tend to agree Noob very poss Chargerbabe Good night all getting snoozy see ya on Sat maybe, depends on the time. :-) JohnF yes under 10$ stocks are tricky biwi i agree Joe_K nite swetz could definitely happen noob JohnF see ya charger babe gn Gary_Fullett night charge babe swetz cy chargerbabe biwi i was thin king 2.60 area a buy Chris thx Gary Jerry See you in the funnies Den Joe_K Guys I may be little out of net, Ary flying in here tonight Gary_Fullett they buy on baalnce Chargerbabe I'll be there! LOL Gary_Fullett and they buy in the trading range swetz 3.25 could be a buy biwi with a stop below 2.90 Gary_Fullett as the news gets bulish Chargerbabe left. swetz or if you are willing to risk everything you put into the stock swetz just dont place a stop JOEL great class as uaual ~ thanks all g n JohnF see ya joel swetz gn partner biwi i never traded with stops until recently rhonda Night Joel Chris can I get some comments on a stock - Aun? Kelley gn Joel biwi gn Chris c u Joel biwi joel Gary_Fullett swetz Gary_Fullett aun? Jerry GN Joel Chris on the tsx swetz sorry Chris swetz I dont have Canadian stocks Kelley "Blue horseshoe loves AUN" swetz lol kelley Kelley :) biwi thanks Swetz 10 cookies on the house Chris no worries - it had a good day up 15% today swetz lol biwi swetz cool swetz Chris biwi lol noob biwi, I know some traders who dont trade with stops either. they trade to hold very long term and will scale into a position, then average up as the trend moves their way swetz you doing something right if its up 15% today swetz ::smile biwi my old style Chris thx - accumulated over the last 4 months biwi i pyrmid Joe_K Art just called noob I'm doing the same with my ONT position. so far working out ok Chris I'm just doing that on stocks I 'm bullish on Joe_K Hes officially invaded Carolina Red Neck soil Joe_K lol swetz lol Joe Kelley AUN, KR on daily, big outside day to upside biwi i never sell winners that keep on winning Joe_K Swetz should I throw a Trailer Park bash ? Joe_K lol Kelley Aurcana is name of the comapny Jerry AUN penny stock had a .21 cent jump today from 1.70 Kelley yes biwi problem is lately haven't been great with my stocks other than uranium plays swetz lol Joe Joe_K Art already asking Whats " Fixen too" mean..and "Ya'all"... Joe_K lol rhonda Ok Night all, take care!! biwi lol biwi gn Rhonda swetz cy rhonda Kelley gn Rhonda noob AUNFF John left. rhonda ::smile Kelley have a great weekend Joe_K lol swetz I need to get back to taxes Chris cy Rhonda swetz have a good night all rhonda you too Kelley rhonda bye bye Kelley ty Swetz, gn biwi thank you Swetz warren nite rhonda swetz I hoped you liked the "spring" talk rhonda left. Jerry GN Swetz JohnF see ya swetz JohnF thanks a lot swetz since we are officially in Spring Joe_K ( Cookie crumbs on several ) swetz ::smile Chris gn swetz biwi lol swetz ::biggrin warren thanks swetz -- spring forth! swetz lol warren and joe Kelley it was a good talk and good examples, ty Joe_K Yes swetz ::smile Joe_K Great Spring Session Kelley say "hi" to Mom swetz left. Joe_K Swetz Joe_K Sabres 1-0 warren left. Joe_K Handles crying Chris Gotta go do some work - gnite all & thx biwi lol JohnF see ya chris Gary_Fullett ty chris Jerry Joe are you having the Saturday class ? Joe_K Handles in Tor Forrest Joe_K Yes JohnF every saturday jerry JohnF 4pm est Chris left. Joe_K Should be doing class Joe_K 4:00pm Jerry What time? biwi handles trying to sneak on his wife beat him with the iron in the hotel Jerry Your fast... LOL Joe_K Art and I will get really Hot Mon Joe_K on seminar Joe_K But we'll be here Gary_Fullett okay ty swetz and joe and all Joe_K TY Gary biwi Gn Gary biwi TY Kelley good night Gary JohnF great class. see you guys tomorrow morning JohnF gn gary, joe, chris, jerry, kelley, biwi, and others see ya Gary_Fullett ty john Kelley good night Folks, ty all. Have a great evening Gary_Fullett se u all tommorw morning Joe_K Night John biwi ok have good night all Gary_Fullett left.