Gary_Fullett joined. leo ge Tommy bill joined. leo ::coffee Gary_Fullett good evening leo ge Gary joel2 ::ninja leo hi joel joel2 ::smile UpTik joined. bill good evening Gary_Fullett hi all leo ge Bill UpTik hello all db joined. leo hello Up Tik..but down Tik today :) UpTik lol for sure db good evening everyone leo ge db db ge leo tommy ge db db ge tommy Gary_Fullett hi all Gary_Fullett hiw is everyone nwstgrrl joined. db ge Gary, cold and windy in Austin 50's, lol tommy ge nwstgrrl Gary_Fullett about 30 here in chcicago db too far north,couldn't do winter Gary_Fullett lol Gary_Fullett lots of snow this yr leo i never seen snow:( FLAC joined. Gary_Fullett we can send it to ya leo lol db haven't missed much there on snow FLAC Hi Gary, everyone leo hi Flac db ge Flac tommy ge flac FLAC Hi leo, db FLAC ge tommy rich joined. Gary_Fullett okay Gary_Fullett any questions Gary_Fullett or topic that may interest u jdraper joined. Gary_Fullett open thrusday Gary_Fullett joe was going Gary_Fullett to speak on some thngs he said Gary_Fullett but he isnt here nwstgrrl Gary, can you talk about manipulation? Amos talked about it yesterday..... nwstgrrl and it has my curiosity peaked. Gary_Fullett sure nwstgrrl since you worked the pits, wondered if you had stories to share. Gary_Fullett legal or illegal lol nwstgrrl both! Gary_Fullett i have a few and i ahve shared those Gary_Fullett okay actually a good topic jdraper left. Gary_Fullett well Gary_Fullett markets are always maniplualated Gary_Fullett every day Gary_Fullett every hr sdw joined. Gary_Fullett do u want me to talk on stocks or commodties maniplation? leo is that difference? rayman both nwstgrrl does it matter? would the process be similar? Gary_Fullett well to a degree yes Gary_Fullett so what is your desire first Gary_Fullett i ahve seen it on the floor nwstgrrl stocks tommy commodities Gary_Fullett in chicago Gary_Fullett commdity wise leo i guess fundy is more clear n commo Gary_Fullett okay stocks first Gary_Fullett diffrent process to a degree Gary_Fullett but will do both Gary_Fullett in stocks leo great Gary_Fullett there is a BOG difference Gary_Fullett than commdities pat did someone say crop reports tomorrow? Gary_Fullett in the fundamantal apprach Gary_Fullett of their purpose Gary_Fullett sdo u know the diffrence? Gary_Fullett i think the 11th pat Gary_Fullett tuesday pat ty Gary_Fullett u r welcome nwstgrrl do you fundamental vs technical? nwstgrrl do you mean.... Gary_Fullett no Gary_Fullett the way they were set up? Gary_Fullett the porpose of each nwstgrrl i do not know.... Gary_Fullett well stock Gary_Fullett is issue d by a frm Gary_Fullett that wants to raise cash equity Gary_Fullett for workign captial Gary_Fullett a broker call u up Gary_Fullett and saus hey this si a good stock Gary_Fullett we rec it so maybe u want to buy it Gary_Fullett or an IPO Gary_Fullett to issue new stock Gary_Fullett so that comapny Gary_Fullett can have cash and working cpatial Gary_Fullett understand nwstgrrl i know that part. don't know commodotities part... Gary_Fullett thats the purpose nwstgrrl yes Gary_Fullett for firms to finance wall street Gary_Fullett and then the firms Gary_Fullett pass the risk to u in stocks Gary_Fullett they ar e like grocery stores Gary_Fullett goldman sachs will call u and say want to buy this stocvk Gary_Fullett and thru thier Gary_Fullett inventory they sell u stock Gary_Fullett and u pay cash Gary_Fullett transferece of risk Gary_Fullett u know thsi right? nwstgrrl yes bill yes Gary_Fullett okay Gary_Fullett when u buy or sell a tock Gary_Fullett it goes to a specialist ( broker ) on the floor Gary_Fullett to execute the trade Gary_Fullett at the price Gary_Fullett he isnt short or long but makes a market for u Gary_Fullett so Gary_Fullett know one knows thier stock better than the officers of a comany Gary_Fullett so they can put out stories Gary_Fullett that they want the public to knwo or not know JimC joined. Gary_Fullett so they can hide or not hide information Gary_Fullett they can act on information that the public doesnt have aces too Gary_Fullett ( thats illegal) Gary_Fullett but they do it Gary_Fullett so leaggaly they release infoamrtion Gary_Fullett when they deem it the best to the public Gary_Fullett they go on tv Gary_Fullett to tyalk up a stock Gary_Fullett so popele can invest in it Gary_Fullett so they can have workign captial db similar to Gary's story on Pickens and oil Gary_Fullett right Gary_Fullett so u will never know what they are doing swetz joined. Gary_Fullett but they can give info out to u. Gary_Fullett look at enron Gary_Fullett they talk postive about thhe stock to the end Gary_Fullett and the brokerage ddi as well Gary_Fullett rember Gary_Fullett buying it Gary_Fullett all the way down Gary_Fullett they had invetory Gary_Fullett to sell leo can he do the opposite...tell the only wrong story to public ...so nothing is hide nwstgrrl i did a paper on enron..... nwstgrrl i've said ken lay would rather die than go to prison... Gary_Fullett thsoe who sold enron stock Art joined. Gary_Fullett thsoe who sold Gary_Fullett who recive the stock certifciates and the stock? nwstgrrl certificates are held by a clearing house, correct? leo hi Swetz Gary_Fullett right Gary_Fullett and they ahve thsi stock Gary_Fullett so they call customers to buuy it Gary_Fullett thats a brokerage firsm job Gary_Fullett right? nwstgrrl yes Gary_Fullett okay sdw It's emotionally difficult to accept that the media - TV and press -is universally complicit in this disinformation but either they are or they are more stupid than you would think possible Gary_Fullett many comapies Gary_Fullett and they got in trouble for it yes back with accounting Gary_Fullett were giving options to employees as bonueses Gary_Fullett and the books Gary_Fullett ddint reflect Gary_Fullett the value ofthe comany Gary_Fullett very true sdw swetz howdy Leo and all :) q joined. db ge swetz kch joined. swetz ge dbdbdb - oops :) Gary_Fullett they can say we are going to possibly beat earning and fall short Gary_Fullett so they can mislead db lol rayman i have come to think of cnbc as more as advertizsement than news swetz believe or not, CNBC is a lot better than they use to be Gary_Fullett they pay to be on those shows leo but the public who must be blame to always beleive in that same patron of rumors:) leo like a donkey Gary_Fullett in commdities Gary_Fullett it was set up to be a hedge market for prices swetz I can tell you a true story about Cramer in the late 1990s Gary_Fullett please do swetz he would call up Maria Barteroma and ask her what stocks she was going to mention on CNBC at the open swetz he would buy those stocks premarket and sell them to the public right after the open joel2 nice guy swetz during the late 1990s, everybody was watching CNBC swetz and people were buying stocks like crazy rayman his next book should be titled watch tv and go broke leo i watch cnbc only to see Erin swetz very similar to probably what the commodities are doing now swetz Erin is hot :) leo yes Swetz:) nwstgrrl boys..... sigh swetz lol leo lol swetz Erin use to be on Bloomberg db guess I need to watch some tv someday, lol swetz but anyway, just a tidbit that I thought you guys might be interested in Handles joined. nwstgrrl ty swetz swetz information can never been disseminated all at once no matter how hard they try tom joined. rayman they have hired several attractive ladies, could that be a way to keep you watching? Gary_Fullett and even if u get some info Gary_Fullett u dont get rewally all u need swetz but instead of trying to compete on news where we do not have an edge swetz why not try to compete with price and volume where we do have an edge swetz because we can get in/out a lot easier than the big boys swetz whatever edge they have on us with information, we have the edge on them with flexibility Handles where's joe? Gary_Fullett no idea Gary_Fullett so swetz dont know, havent seen him tonight Gary_Fullett in commdity Gary_Fullett there inst that inventory Gary_Fullett to sell swetz probably sleeping :) Gary_Fullett it was set up as a hedge market Gary_Fullett so as a broker Gary_Fullett it doesnt mtter long or short Gary_Fullett oh btw Gary_Fullett why do they make it harder Gary_Fullett to sell short a stock Gary_Fullett and why did they ahve the uptick rule? leo why? q left. Handles i thought he was talking Handles was curious UpTik that's me swetz he may come later and give a speech Gary_Fullett he was suppose dtoo Handles ok well i am watchig the habs Handles so be in and out Gary_Fullett well that isnt a free amrket is it leo Handles enjoy Gary_Fullett they ahve to to protect the public Gary_Fullett so there are many wanys Gary_Fullett so in commdoties Gary_Fullett let em share a few maniplation stories Gary_Fullett i worked in the a pit Gary_Fullett before i was a broker to trade Gary_Fullett and in this pit Gary_Fullett in commdities thay have delieverable contracts Gary_Fullett so some people will take deleivery for whatever reason Gary_Fullett so trhey can run a campign Gary_Fullett to buy all the orders that are being offered to sell and drive up prices Gary_Fullett and post a higher cash price Gary_Fullett so when otheer seeit they buy Gary_Fullett anc over shorts Gary_Fullett this is legal theya re just buying the contracts that are being sold Gary_Fullett so if there are fre contracts to be offered Gary_Fullett they ca run prices up right? Gary_Fullett and get those to buy it higher Gary_Fullett and as a smaller spec Gary_Fullett u cant compate with them Gary_Fullett so this way they can mianuplate the market Gary_Fullett anddrive up prices and then say it went up because Gary_Fullett whate erv reason Gary_Fullett understand? Gary_Fullett in curencies Gary_Fullett they dont ahve to do all the contracts in the futures Gary_Fullett they can use the cash market forex markets and options Gary_Fullett a guy may wnat to be long Gary_Fullett and he may say Gary_Fullett the market looks weak Gary_Fullett so he can buy cheaper Gary_Fullett a trader may use a few firms to makke diffrent trades Gary_Fullett to throw u off Gary_Fullett use a goldman sach broker Gary_Fullett to sell 100 contracts Gary_Fullett and use anpother to buy 200 Gary_Fullett so drive the price lower Gary_Fullett to buy Gary_Fullett they bid to buy 1000 contract Gary_Fullett knwoing no will sell them 1000 Gary_Fullett but to protect a postion Gary_Fullett olr maybe to show they are bullish Gary_Fullett trhen pull the bid Gary_Fullett when other traders sell Gary_Fullett so they can buy cheaper Gary_Fullett any questirons? Gary_Fullett so not all that it appears to be Gary_Fullett when u se bid offers on a screen Gary_Fullett many times they arent what a customer wants Joe_K joined. leo so in forex there is manipultion also Gary? Peter hi everyone, just got home. Topic please? leo hi Peter Gary_Fullett forex Gary_Fullett is the most maniplated Gary_Fullett it isnt regiualted Peter hi leo Gary_Fullett and trhe bid offers can be funky Gary_Fullett so yes very maniplated Gary_Fullett all markest afre leo so the volume cannot be considered in forex? Gary_Fullett well u dont get accurate volume Gary_Fullett so by not reporting all the volume swetz howdy Peter, Gary giving us some manipulation stories Gary_Fullett its manipluated leo if only depend on price....how to use wyckoff in forex? Gary_Fullett very hard too Gary_Fullett unles su can see true volume Peter hi Swetz, thanks Gary_Fullett markewst based on emaotion Joe_K You can use Vol, just make sure it stands out Gary_Fullett thats why u ave to watch the tape leo how to see true volume in forex? Gary_Fullett that why u get large sellign cliamxes Gary_Fullett and some not a slarge Gary_Fullett why Gary_Fullett because not all seling cliamxs look the same Gary_Fullett well very hard too Peter you can't see true volume in Forex, since it is a distributed network, you never will be able... Gary_Fullett unless u get a vendor that has good data Gary_Fullett but thats part of the prob Gary_Fullett not many provide it Joe_K you can see true Vol with Price tom left. Peter trust me, I understand distributed networks, you cannot get all the volume leo so better not to choose forex as wyckoffician? Gary_Fullett u dnt need exact volume Gary_Fullett u need volume that stands out at various areas Gary_Fullett but it has to be somewhat accurate right Peter unless the Forex system wants to force the distributed nodes to report volume and agregate it, then it could be provided on a delayed basis Gary_Fullett many vendors today probably dont give u good accuarte volume Gary_Fullett even today tom joined. Joe_K There is 1 scenario Joe_K universal Joe_K to all markets Joe_K Wyckoffian Joe_K Vol read or not Joe_K Retest ICE CREEK Joe_K React Joe_K follow the close Joe_K Guage depth Joe_K of penetration Joe_K Do I need Vol Joe_K With Price ? Joe_K Creek 200 Joe_K Joc 235 Joe_K Retest 201 Joe_K Close 267 tom left. Joe_K Low 195 Joe_K ? Peter no but it helps to have an idea of volume, since it makes a difference under some scenarios Joe_K Price gives you Vol Joe_K You have to feel it Peter the price and reaction are however the m ost important elements Joe_K Do you think Locals Joe_K On the floor Joe_K are running for a computer Joe_K To get Volume Joe_K They know it Peter what locals on which floor :)? Joe_K Fee Joe_K ANY Gary_Fullett for the most part joe si right but not always Joe_K Floors are going Joe_K bye bye Gary_Fullett u can feel volume for the most part Peter there are no locals anymore Joe_K But You can feel it at home Joe_K There is a formula joel2 better at home than out in public Joe_K and in grains Joe_K Its within 4% Joe_K Accurate Joe_K Volume Joe_K Certainly Tradable Peter yes I can feel volume sometimes BUT not always, especially if I'm looking at a chart after the fact Joe_K It all boild down Joe_K to how well you know your market Joe_K boils Joe_K ES I know more than lost Joe_K most Joe_K others Joe_K So Nuances Joe_K I feel Joe_K I know average true range Joe_K Everything you see Joe_K a nuance Joe_K 25-27 Joe_K Handles Joe_K a heavy day Joe_K 35 Joe_K really heavy Joe_K MLK Joe_K day Joe_K way out of norm Joe_K You have to take each market Joe_K as own entity Joe_K Grains tommy is a handle = 1 pt in es? Joe_K Limit days are common Joe_K ES 1 H = 4 ticks Joe_K 50 bucks tommy tx Peter anyway to close the loop on volume with Forex: - it is an issue from everything I can see Joe_K These are not Mothers markets Joe_K Nobody has seen these moves Joe_K Ever Joe_K In Trading World Joe_K Commods are establishing Lewis and Clark on that ass 10 fold Joe_K You see Wheat Limit down Joe_K close limit up Joe_K anyone trade Crude Joe_K today Joe_K lol Joe_K So Joe_K Classical Joe_K Principles Joe_K Work Joe_K But you also Joe_K have degrees Joe_K of adaptation Joe_K to adhere to Joe_K Some folks Joe_K Day and Swing Joe_K Love Liquidity Joe_K And its there Joe_K Sometimes more than wanted Joe_K So filter Joe_K where you want to be Joe_K Traders hate 1 thing Joe_K Pain Joe_K ES is pretty steady Joe_K Grains wild Joe_K Silver Joe_K Crude Joe_K You can list Joe_K Where you can employ Joe_K troops Joe_K More effectively Joe_K Trade markets that act more steady Joe_K balanced Joe_K Classical Joe_K Wyckoff Joe_K Can still Joe_K be applied Joe_K It just takes some fudging Joe_K Volatility is UP Joe_K So Joe_K a Trader Joe_K Has to adjust Joe_K 2 things Joe_K To trade efficient Joe_K Frequency Joe_K and Size Joe_K If you cant control Joe_K a market Joe_K control yourself Joe_K The 2 most common mistakes Joe_K for loss Joe_K Are Frequency Joe_K Size Joe_K allocation Joe_K Frequency Joe_K Rapid entering Exits Joe_K Cant beat the Vig Joe_K Size Joe_K Too much Kills Joe_K and kills quick Joe_K All the battles are Won and Lost Joe_K Not IN ANY CHART Joe_K In your wallet Joe_K Forget the charts Joe_K If You dont know Money Management Joe_K Your dead Joe_K See the Movie Sith Sense ? Joe_K " I see Dead People " Joe_K Thats what CM's see Joe_K Thats why 95 % Joe_K Club is 95% Joe_K You must have a system Joe_K and you make it Joe_K through Trial and Error Joe_K So even then Joe_K Its born from loss Joe_K Someone mentioned Joe_K something on Cause Joe_K other week Joe_K Relative Strength Joe_K You spot first Joe_K No way Joe_K Cause is the birth Joe_K Of all things Joe_K Unless IPO Joe_K of course Joe_K Everything is born from Cause Joe_K Trend Joe_K and Phase Joe_K If ya want to count Cause itself as a Trend Joe_K Do that too Joe_K Wyckoff Joe_K Classical Joe_K Wyckoff Joe_K is centered Joe_K around 1 thing Joe_K TRADING RANGE Joe_K You can toss Hypodermics Joe_K and 20 other words Joe_K Where is Sup Joe_K Res Joe_K What is reaction Joe_K on retest Joe_K After Penetration Joe_K Of Joe_K Or Retest of Joe_K Where is close Joe_K Its that simple Joe_K That is the same Joe_K in ALL of Wyckoff Joe_K Markets only do 2 things Joe_K Prep Joe_K And Go Joe_K Sometimes more Prep Joe_K before Go Joe_K More Prep = More Go Joe_K ability Joe_K It aint Rocket Science Joe_K Wheat goes sideways Joe_K 5 years Joe_K 6 Joe_K And at Historic lows Joe_K G let me see Joe_K Building Cause to Go sub Zero ? Joe_K That narrows it down Joe_K Silver tt joined. Joe_K 20 years Joe_K at 450 Joe_K We going to - 15 ? Joe_K Da Joe_K Let me think Joe_K Just knowing Classical Joe_K Principles Joe_K Is half the battle Joe_K Gary has taught Classical Joe_K For 10 years Joe_K here Joe_K You dont need 5000 books Joe_K Tapes Joe_K CD's Joe_K Just understand classical Joe_K essence Joe_K of Joe_K essense of TR JimC left. Joe_K Questions ? Joe_K It aint Easy Joe_K Is open Heart Surgery ? Joe_K To a skilled Technition Joe_K Its easier Gary_Fullett ty Joe_K TY Gary_Fullett i want to talk on money flow Gary_Fullett if u want to hear nwstgrrl yes please tommy y FLAC Ty Joe: your formula to appreciate vol with the 4%? Gary_Fullett joe? Joe_K Yes ? Gary_Fullett ah i thought flac had a q? Joe_K Average True Range / Contract Traded/ Frequency Joe_K For Grains I have numbers Joe_K Have to find it Joe_K Gary use to have it Joe_K Now a days its programed Joe_K in what I see Joe_K But there is Joe_K an exact forula Joe_K Like 561 Joe_K 62 Joe_K 64 Joe_K You see numbers Gary_Fullett with eletronic Gary_Fullett volume Joe_K in a set time Joe_K and calculate vol Gary_Fullett u have REAL volume as it occurs Joe_K with it Gary_Fullett it used to eb with pit volume Gary_Fullett every price tick flucation Joe_K y Gary_Fullett wa sassigned a number Gary_Fullett so Gary_Fullett if graisn moved 1 tock Gary_Fullett this was estomated to be 100 contracts lets say Gary_Fullett in bonds 1 tock may be 1000 contracts Gary_Fullett so the floor gave this estimated volume FLAC ty both Gary_Fullett and it was flarily accuarate Gary_Fullett but with electonic volume u get real volume now Gary_Fullett so u dont need the formalau Gary_Fullett for this any more Joe_K Well you use that Gary_Fullett only pit traded markest like lumber Joe_K with Hi Lo Open Joe_K and 1st hour Joe_K and you see a lot Gary_Fullett i am tal;king estimated volume form the puit Gary_Fullett what about the 1st hour? Joe_K Lets say we open 560 Joe_K 554 Joe_K lo Joe_K 567 Joe_K Hi Joe_K After 1 hour Gary_Fullett i use the opening as a pivot yes Gary_Fullett but the volume Joe_K If you see the market Joe_K go for a hi or low Joe_K New Gary_Fullett electoic trading Joe_K maybe allot 1.5 hours Gary_Fullett u dont need to eastimate volume its all there Gary_Fullett for u Joe_K and that most times Joe_K is a Trend indicator Gary_Fullett i am talking volume Gary_Fullett above the opening range they tend to buiy Gary_Fullett and vice versa Joe_K This is done in 1st hour to hour and a half Joe_K and you can identify Trend Gary_Fullett i thought flac asked on volume? Gary_Fullett volume doesnt have to be estomated like that any more FLAC Y Gary_Fullett its electonic Gary_Fullett and done eaily Gary_Fullett well did i answer u flac? swetz Gary - what about commodities that trade on both pit and electronically? swetz or do commodities now either do or the other? Gary_Fullett well thats tougher FLAC We thought about feeling volume Gary_Fullett but u cna get estmated pit volume Joe_K Yes Gary_Fullett and the electronic volume Gary_Fullett to add Joe_K and Early hour to hour and a half you can feel a lot many days Gary_Fullett so u have to look at both then Gary_Fullett but most markest have most volume electronically swetz what are some examples Gary? Gary_Fullett grains Gary_Fullett they ahve both pit and electonic FLAC Its Ok for me, thanks Gary_Fullett i think ten yr notes Gary_Fullett emini is all electronic Gary_Fullett s and p is pit swetz so softs are basically electronic now? bill used to be till alst week bill NY soft swetz and meats? Gary_Fullett right bill ty Joe_K Again what is Volume without a close that designates the TR being Won or Lost ? Gary_Fullett meats dont have electonic Gary_Fullett its all pit swetz softs are all electronic? Gary_Fullett yes Gary_Fullett now they are Peter even those that are both, the electronic volume is much greater as best I can tell Gary_Fullett yes Gary_Fullett pit has very little volume Gary_Fullett when elctonic is there Gary_Fullett its mostly option vpolume Gary_Fullett and spread volume swetz has the electronic volume ever been misleading on those contracts that are traded on both the pit and electronically? Joe_K lol nwstgrrl left. Gary_Fullett well electronic volme Gary_Fullett has to eb show Joe_K If it were perfect or an exact science wed all be on our own islands Gary_Fullett the bid offer many times are bs Gary_Fullett but electonic volume is real Gary_Fullett because electonically Gary_Fullett its a matrching system Gary_Fullett so it real acxcurate volume Gary_Fullett has to be Gary_Fullett if i buy a 5 lot swetz when I mean misleading, just mean did the electronic volume say one thing but when added to pit volume, you would have drawn a different conclusion about the action? Gary_Fullett and u slel a 5 lot Gary_Fullett ther eisnt an out trade or erroe Gary_Fullett it si the real trade Joe_K Only thing that says anything is Price Joe_K Final Arbiter Peter if a system is centralized and switched through a central switch like CME, the volume can be very accurate Gary_Fullett volume is needed as well Gary_Fullett vpolume is eqaully important Joe_K Why Gary_Fullett because Gary_Fullett u can have a low close Gary_Fullett on light volume Gary_Fullett and a low close on heavy volume Gary_Fullett and they can mean diffrent things swetz Peter - so get a more accurate volume reading through contracts traded on CME? Gary_Fullett in an up trend and down trend Joe_K Under or Over Support and Resistance all that matters Gary_Fullett cme owns the cbot Gary_Fullett so the same system Gary_Fullett not true Gary_Fullett u can close on heacy volume at ice Gary_Fullett in a down trend Joe_K Then you wait Peter yes Swetz, assuming our data provider Tradestation has an acurate feed :) Gary_Fullett and most likely break Gary_Fullett the ice the next day swetz I got faith in Tradestation :) Joe_K You can see Vol change too Gary_Fullett a light volume close at ice in an upterend is a buy Gary_Fullett so much diffrent Joe_K maybe Joe_K maybe not Gary_Fullett so volume matters not just price rich left. swetz actually I only have as much faith in it as you do :) Gary_Fullett so NOT using volume with wyckoff is plain wrong Joe_K Price will tell you Volume Peter me too, although I have seen a few minor problems Gary_Fullett no it wont Gary_Fullett i just expkained why it doesnt joel2 lol Gary_Fullett close doesnt mean everything Gary_Fullett volume with close is very meaning ful Joe_K It tells you who won the battle leo that is why i am confused how to trade in forex Joe_K for the session Joe_K Markets can rally on 0 Vol Joe_K So swetz Leo - I guess I am glad I dont trade forex, I wouldn't what in the heck I am doing :) swetz wouldn't know GaryM joined. Art left. Gary_Fullett i want to talk on money flow leo :)Swetz Peter Gary, I agree if the close was low, and 5 contracts traded, is different with a low close with 5000 contracts traded swetz all ears Gary Gary_Fullett during the day session Gary_Fullett i mention money flow alot Joe_K What if 5K added next open Peter Gary_Fullett it si because Joe_K lol Gary_Fullett because Peter if 5 K added on next session, thats a different session :) Gary_Fullett money like to find a home where it is needed Joe_K OJ sprang Huge Joe_K Wheres it now Joe_K ? Gary_Fullett smart money finds places to make money Joe_K :) Gary_Fullett so if u are ina crisis Gary_Fullett like sub prime Peter OJ is back to near ICE just where I want it:) Gary_Fullett money may come out of stocks into bonds if people are bearvous Joe_K 135 Gary_Fullett to go into a safe haven Joe_K meant more than Vol Gary_Fullett nearvous Gary_Fullett so they want to be in a aplce whewre money is safe Peter this retest of ice has lower volume as best I can tell so far Gary_Fullett so u can see this money flow Gary_Fullett if u get a bearish US report Gary_Fullett money wil flow out of the dolalr Gary_Fullett and into the commdoties Gary_Fullett for inflationary concerns Gary_Fullett so u see those markets getting money Gary_Fullett the stock market breaks money flows into the yen Gary_Fullett as a carry trade Gary_Fullett so u can see Gary_Fullett the money Gary_Fullett thhat leaves some instruemnts Gary_Fullett to go into others at cvertian times Gary_Fullett does it always wotk the same way Gary_Fullett ? Gary_Fullett NO Gary_Fullett sometimes bonds and sotcks Gary_Fullett stocks rally togther Gary_Fullett this is usually Gary_Fullett the early bull pahases of a stock market Gary_Fullett lowe rates Gary_Fullett more company borrowing Gary_Fullett and this leads to explansion Gary_Fullett and beeter stock earnings Gary_Fullett NO is the opposite lower rates Gary_Fullett leads to inflationary concerns Gary_Fullett bonds up 25 tongitj Gary_Fullett stocks aere lower Gary_Fullett so u see the light to quailty Gary_Fullett so u see money flow Gary_Fullett all the time Gary_Fullett juts at diffrent phases Gary_Fullett u see Handles hi Gary_Fullett diffrent areas where it flows Gary_Fullett understand? db y, very good tommy y Gary_Fullett so sometiemes its obvious FLAC y, ty Gary_Fullett and sometimes misleading Gary_Fullett but mney finds a home Gary_Fullett money Gary_Fullett okay any questions? Gary_Fullett joe ty for your lecture swetz just one thing about RS swetz remember that RS/RW is fact, cause is just a potential swetz deal with facts first, potential comes next when selecting trades :) swetz but you must figure this out on your own in case I am full of hot air :) swetz which I often am :) joel2 gn all thanks db thank you Joe, Gary,Swetz, and all, great class hope all have a great weekend db left. tommy thx to everyone who contributed. Excellent discussion! Gary_Fullett ty tommy and all Gary_Fullett oklay FLAC gn everyone, thx Gary_Fullett i see u see many of u tommorw Gary_Fullett and see the rest next week swetz okay gn folks, I made my comment for the day Gary_Fullett ty all be well and be safe Gary_Fullett ty swetz :) Peter thanks Gary, Joe, Swetz Good night everyone Gary_Fullett night all Gary_Fullett left.