Gary_Fullett joined. Gary_Fullett good evening rhonda GE Gary handles hi G Gary_Fullett hey Gary_Fullett they charst are form the nesltter Gary_Fullett but I wanted to show daily charts as amos will do longer term charst tommorw Gary_Fullett so will have alot Gary_Fullett did u all get charts? John ge gary handles y Gary_Fullett hi john Gary_Fullett okay lets go Gary_Fullett s and p Ory joined. Gary_Fullett thissi a chart Gary_Fullett that is ina trading range and quite clear Gary_Fullett if u look Gary_Fullett the move form amrch was a grind higher Gary_Fullett with no bars of supply Gary_Fullett in Gary_Fullett mid may Gary_Fullett u started a tradign range skylar joined. Gary_Fullett so this tradsign raneg stopped the grind higher Gary_Fullett to me this is maybe stopijg action Gary_Fullett a stop of upward momentum Gary_Fullett byr whats key in this chart is no supply bar Gary_Fullett and we are in the middle of the range CMan left. Gary_Fullett see this? Gary_Fullett now the volume Gary_Fullett has been light on rlalies Gary_Fullett and the breaks as well Gary_Fullett since the daily trend is up Gary_Fullett on the daily chart handles yup Gary_Fullett so we need supply yto enter Gary_Fullett the lack of demand is a warnign sign Gary_Fullett BUT the markest still needs that supply Gary_Fullett what w edo know is causewd is there Gary_Fullett so we know the longer sideways Gary_Fullett the more of a move we will get Gary_Fullett notice we have small ranges Gary_Fullett and smaller volume Gary_Fullett this is sort of a coiling Gary_Fullett so this is the right side of the trading range Gary_Fullett the left side of the range is Gary_Fullett in mid may 8870 left. 8870 joined. Gary_Fullett so this si the right side in june Gary_Fullett now Gary_Fullett whast key is if we get a sign of strgth or wekaness Gary_Fullett with volume Gary_Fullett this will tell us the next move Gary_Fullett the end of the qaurter and month weas today Gary_Fullett as well as semi annula charts Gary_Fullett annual Gary_Fullett so this late june may have been windo dressing Gary_Fullett and now in july we cna break Gary_Fullett understand? Gary_Fullett any comments or q?> Ory TY Gary_Fullett i think why we are in a trading range Gary_Fullett is a rotation of stocks Mt_Steve yes Gary_Fullett so some stocks Gary_Fullett doing well some poorly Gary_Fullett and this is why the grind in the trading range Gary_Fullett to prep[are for the move Mt_Steve Does the low volume up bars give a clue as to where the market may break down? CMan joined. DaveM left. Mt_Steve ir if it will? Gary_Fullett its says lack of demand Gary_Fullett but to turn down u need siupply Gary_Fullett so some sectors handles beans handles lol Gary_Fullett are gettign funds Gary_Fullett and other lsoing funds Gary_Fullett so the amrket stays in a range Gary_Fullett as the cm does it thing Gary_Fullett and prepares for the enxt move Gary_Fullett u need a selling bar Gary_Fullett volume and range steve Ory wide bar ? Mt_Steve TY Gary_Fullett yes Gary_Fullett a long bar Gary_Fullett that shows ease of mvemt up or down with volume Ory with a close on the low Gary_Fullett but just not the close Gary_Fullett but the enlongated bar Gary_Fullett elongated bar Ory TY gary Gary_Fullett yw Gary_Fullett but understand the monthly chart is down Gary_Fullett thedaily is still up Gary_Fullett the ey down side is the ice at 871 Gary_Fullett the 907 low rhonda today on my charts we had average volume for the SnP and alot of time before it was below average volume Gary_Fullett is the weeks low Gary_Fullett so we must watch that Gary_Fullett there is where stops are at Gary_Fullett and what does trhis tell u rhonda? rhonda potential supply themick joined. Dwayne joined. rhonda Gary question? Gary_Fullett agree rhionda Gary_Fullett we have red flags ll over the place rhonda last Friday the volume was huge on the SnP rhonda I asked and it was the last day for trades to be settled rhonda but doesn't that volume or shouldnt it be reflected in the days the trades were made I am a bit confused, not the settling day Gary_Fullett well with stocks Ory options expiry Gary_Fullett thye ahve setlement in 3 days Gary_Fullett called t-3 Gary_Fullett so that day ended on thursday Gary_Fullett so the added volume can be form that window dressing Gary_Fullett also at trhe end of the month Gary_Fullett U may have some postion squaring Gary_Fullett and some option paly warren joined. rhonda I know the Russel was being realanced how often does that happen? and is it the only index that does thaty? rhonda rebalanced Gary_Fullett i think its a mtter of voluime being distored at times Gary_Fullett not sure rhonda ok yes the volume in this time would be hard to read Mt_Steve realanced? rhonda so 3 days of the end of the quarter look for this Gary_Fullett righ rhonda rebalanced Steve Gary_Fullett rotation Gary_Fullett many fund managers rhonda ok got it Thanks Gary Gary_Fullett sell the weak ones Gary_Fullett buy storng ones to show clients a good stock rhonda yes Gary_Fullett many tiems Gary_Fullett volume gets distorted Gary_Fullett by divedinds play rhonda so if it was distorted on the settling day could be distorted for the 3 days prior also to me Gary_Fullett yes.. rhonda ok Gary_Fullett so any q on s and P? Ory Gary,,,so is this the end of a phase ? Gary_Fullett well i think we are in the righ side of the trading range so weil ge a move soon Ory thats fair Gary_Fullett so will see Gary_Fullett many times u get markest at important junctures at the same time Gary_Fullett euro Gary_Fullett the comments Gary_Fullett i wrote were for this morning Gary_Fullett the euro is at creek skylar left. Gary_Fullett wat we need to decide Gary_Fullett is that the break from the high Gary_Fullett iks this demand or supply? Gary_Fullett well let me restste trhat Gary_Fullett the trned has been up Gary_Fullett is the break a change of behavior Gary_Fullett early june Gary_Fullett and that supply bar Gary_Fullett is that creek Gary_Fullett and a trading range Gary_Fullett that is dsitribution Gary_Fullett becuas eif we had supply Gary_Fullett then this trading range is distrribtion Gary_Fullett this is Very important Gary_Fullett ebcause this tells u Gary_Fullett an importna tpiece of info Gary_Fullett if u had supply Gary_Fullett this si a change f behavior Gary_Fullett so the sidewasty action is distribution Gary_Fullett if that bar was NOT supply Gary_Fullett then thisis re accumulaiton Gary_Fullett the volume increased on the break Gary_Fullett understabnd Gary_Fullett very imp John yes very good John something you always said before makes more sense when you drill it more handles very interesting Gary_Fullett goood Gary_Fullett thats how u rtell Gary_Fullett the sideqays acion Ory TY Gary Gary_Fullett if u had supply then this si dsitribtion Gary_Fullett if it s anormal correction no supply Gary_Fullett then this market will lead to a joc Gary_Fullett now Gary_Fullett on this chart Alvin left. Gary_Fullett look at the last 4 bars Gary_Fullett u ahve decresing volume Gary_Fullett after a down bar Gary_Fullett smaller range and decreasing bottom Gary_Fullett decresing volumerather Gary_Fullett see this rhonda yes Ory y Gary_Fullett okay htis is important info Gary_Fullett because it says Gary_Fullett that the crek will probably hold Gary_Fullett lack of demand at creek Gary_Fullett leads to a possible upthrust and selling Gary_Fullett so this retest to creek gives credence Gary_Fullett to that bar Gary_Fullett as supply in june Gary_Fullett early june.. Gary_Fullett so what haoppne in the euro today Gary_Fullett I mentioned the 14130 area Gary_Fullett well todays high was 14149 Gary_Fullett sand the break to 140 today Gary_Fullett so we had that upthruist of the 14130 area Gary_Fullett and we had it because the rally to creek wa son lighter volume Gary_Fullett we cna look for 138 in the euro now Gary_Fullett understand why i felt the market woudl fail? leb joined. Gary_Fullett upthrusts and saprings many times ar eending aciton Gary_Fullett eithe rshort temr if they buck the trned Ory yes Gary_Fullett and in a spring happens in an uptrend Gary_Fullett this is continaution of trennd Gary_Fullett if the supply occured in early june this is an upthrst trhat failed Gary_Fullett and then mark down Gary_Fullett understand? Gary_Fullett q on euro rhonda no Gary_Fullett the ice is the 13770 area Gary_Fullett great Ory I,mm good Gary_Fullett I hope u all understand Gary_Fullett and quiet becaus eu understand Gary_Fullett because this si SO imporytan tin chat reaidng Gary_Fullett if not u cna review this Dwayne Euro Futures charts will not be the same as the Euro forex will it? Gary_Fullett what i desribe is importan tin tape reADing Gary_Fullett same chart dm joined. Gary_Fullett us dollar chart Gary_Fullett almost the mirror immage Gary_Fullett and this allows u to see Gary_Fullett othe rmarkest clearly Gary_Fullett lets takew the dollar chart Gary_Fullett look in june Gary_Fullett what do u see rhonda trading range no volume on this one Gary_Fullett right Gary_Fullett little volume on dx futures Gary_Fullett but in june Gary_Fullett U had a soem demand Gary_Fullett early june rhonda is the last bar on the right side a complete bar? Gary_Fullett no its last nights acion Gary_Fullett so in early june Gary_Fullett we had some demand Gary_Fullett then a raly and a retest Gary_Fullett june 2th or so Gary_Fullett then a rlaly Gary_Fullett we have a trading range Gary_Fullett 8200 creek Gary_Fullett 7990-7965 ice support Gary_Fullett so i said on this chart we may nee da spring Gary_Fullett and then we can rally Gary_Fullett so the low was 7969 1/2 today Gary_Fullett so was a spring of the horizontal line Gary_Fullett the ice support Gary_Fullett and rallied Gary_Fullett so the spring of this ice area did happen Gary_Fullett as the euro Gary_Fullett had an upthrust of the 14130 area Gary_Fullett and the dolal r a spring of the 7990 area Gary_Fullett the low end close Gary_Fullett the past 2 bars Gary_Fullett prbbaly was an indication of a spring since weak Gary_Fullett weak closes Gary_Fullett near ic esupport Gary_Fullett the market tends to spring the area Gary_Fullett t get stops Gary_Fullett and more shorts in Gary_Fullett if the cloes on the retest of ice Gary_Fullett were hig end Gary_Fullett less likey a spring Gary_Fullett ebcause buyig is occurring Gary_Fullett and that probably means Gary_Fullett no spring Gary_Fullett and a move higher Gary_Fullett so the closes Gary_Fullett can tell u if w eget tha spring or upthrust Gary_Fullett as ending actrion Gary_Fullett so postion of closes can Gary_Fullett tell us Gary_Fullett so whast important about the dolal t index Gary_Fullett is that early june may be a demand rally Gary_Fullett remeber what i said about the euro Gary_Fullett that that down bar can be supply Gary_Fullett and now distribution Gary_Fullett trading rage Gary_Fullett now in the doalllr Gary_Fullett that bar in early june may be demand rally Gary_Fullett and if we had a sprig today Gary_Fullett this can be a temrnal spring Gary_Fullett meaning the last spring before any market up themick left. Gary_Fullett any q?> themick joined. Gary_Fullett okay Ory i,mm good TY handles that would be serious for stocks and bonds if so Gary_Fullett watch fr demand or supply bars Gary_Fullett and then judge the trasding range Gary_Fullett doesnt mean the dolalr Gary_Fullett becuas ea major bull Gary_Fullett just says that there is ostive action swetz joined. handles ty gary handles see u in the am Gary_Fullett so we can watch the traidn range Gary_Fullett in the euro 14130 Gary_Fullett 13780 Gary_Fullett in the dolalr Gary_Fullett 7960 -8200 Gary_Fullett be well handles ty Gary_Fullett any q on dollar Gary_Fullett beans Gary_Fullett nov beans Gary_Fullett if u notice this chart Gary_Fullett u have an uptrned Gary_Fullett and there wa sa high Gary_Fullett the reaction low after this high forms ICE Gary_Fullett at 1040 Gary_Fullett see this? CMan y handles y Gary_Fullett zso the upthrust Gary_Fullett wa ssome type of ending or stopping behavior Gary_Fullett we need to see if there was supply Gary_Fullett on the upthrust Gary_Fullett was there an inrcrease of supply Gary_Fullett after the upthrust? handles y warren yes CMan y Ory y Gary_Fullett okay Gary_Fullett so mthe seling Gary_Fullett can be a nothe rsign of ending action Gary_Fullett so an upthrust plus supply Gary_Fullett we knwo this Gary_Fullett that a counter trend raly occures 1-3 days Gary_Fullett for the most aprt right? CMan y Gary_Fullett part Gary_Fullett look at june 16th area Gary_Fullett u had 3 days UP after the supply bar Gary_Fullett then Gary_Fullett we had more supply Gary_Fullett june 2oth Gary_Fullett the volume wa sLESS Gary_Fullett on this break Gary_Fullett so trhe alst 6 bars Gary_Fullett what do u see? Gary_Fullett u se a weka rally CMan y Gary_Fullett weak Dwayne left. Gary_Fullett i wrote a bearish rpeort Gary_Fullett w ecan see Gary_Fullett the 950 area Gary_Fullett the report wa snegative todsay Gary_Fullett as u may knpow Gary_Fullett esp corn Gary_Fullett any one know the low of nov beans today? CMan agree Gary_Fullett tis chartt wa slast night Gary_Fullett not in hinsight Gary_Fullett the low wa s944 Gary_Fullett i said look for 950 Gary_Fullett u can see it on this chart Gary_Fullett the lecture postion CMan good job CMan your the man Gary_Fullett i meantione dthe bearsa have the upper hand CMan and umpire Gary_Fullett and the move took u to 950 area Gary_Fullett 6 cents off on a report day not bad Gary_Fullett so the read was good Gary_Fullett i didnt amke up the 950 area Gary_Fullett u can see the support there Gary_Fullett even with a NEWS REPORT Gary_Fullett the market knew Gary_Fullett and repsected the charts support areaS. Gary_Fullett its not the new sits trhe reaxctrion to the news Gary_Fullett so the cm set up a bearish chart Gary_Fullett and got that Gary_Fullett and went to an area to buy Gary_Fullett for large traders Gary_Fullett it is very easy to buy Gary_Fullett shorts on a bearish day Gary_Fullett they get to buy thier proce Gary_Fullett withut moving prices up Gary_Fullett rember the cm buys support Gary_Fullett sell resiatnce so 950 is support 8870 cm?? williammanda common man Gary_Fullett cm and strong ahnds yes 8870 8870 ahhh thats me for now, ty CMan composite man Gary_Fullett so u muist understand the process Gary_Fullett and thwe action Gary_Fullett of how they operate Gary_Fullett buyign when everyone si selling CMan http://www.ltg-trading.com/glossary_of_wyckoff_terms.htm 8870 ty cman Gary_Fullett so this is why i htought beans would break for ther rport today and get to 950 area CMan No thank Gary he has done a fine job and others Gary_Fullett any q on beans Gary_Fullett corn Gary_Fullett this chart is horrible tech wise as far as beinng bullish Gary_Fullett in contrast to beans Gary_Fullett this market si much more beariosh Gary_Fullett u can see the large drop Gary_Fullett BUT Gary_Fullett the last 7 bars Gary_Fullett after a supply bar Gary_Fullett u got 7 bars or so as weakness Gary_Fullett lack of upside Gary_Fullett and no volume to rally Gary_Fullett so this lead to more selling today Gary_Fullett in fact Gary_Fullett the marketg went limit down Gary_Fullett I wrote that Gary_Fullett look for a bearish Gary_Fullett report Gary_Fullett but how much is factored in Gary_Fullett comapre tis to the bean chart Gary_Fullett this is much weaker Gary_Fullett any q Gary_Fullett wheat Gary_Fullett this is a very intertsng chart Gary_Fullett the break we had is within THE TRADING RANGE Gary_Fullett trhis si KEY Gary_Fullett we can see the supply Gary_Fullett from the reaction from creek resistance Gary_Fullett and we have grinded lower Candy joined. Mt_Steve . Gary_Fullett and to the ice area Gary_Fullett i wrote 500 on the chart as icesuport Gary_Fullett do u know the low of july whwat today? Gary_Fullett trhe lows was 498 Gary_Fullett off by 2 cents today Gary_Fullett so the identification Gary_Fullett of ice Gary_Fullett was right Gary_Fullett at 500 areea Gary_Fullett ice is NOT 1 numbe rit is an area Gary_Fullett same with creek Gary_Fullett so beans support Gary_Fullett and whweat suppoprt came inot paly today Gary_Fullett play Gary_Fullett please note the trading range Gary_Fullett this is key Gary_Fullett so wheat should react form the 500 area Gary_Fullett any Gary_Fullett q Gary_Fullett identying support reitance Gary_Fullett is key to a wyckoff trader. Gary_Fullett any q on wheat? Gary_Fullett okay quiz chart Gary_Fullett I add quiizes to the newsltter charts Gary_Fullett to help with wyckoff set ups Gary_Fullett so this wqas the quiz today Gary_Fullett bullish or bearish? Candy bearish Ory B Gary_Fullett why? 8870 bearish CMan bear Candy I do not like the high volume without follow up in next bar 8870 volume increased Candy there should selling pressure in last high volume bar Ory cant break resitance Candy It occurs at the resistance level themick bearish should have pushed through supply to the left Gary_Fullett great Gary_Fullett but Gary_Fullett if u focus on the whole chartt Gary_Fullett u will see that aftre a high Gary_Fullett in may Gary_Fullett the rally retest Gary_Fullett wa sON LIGHT VOLUME Gary_Fullett early June Gary_Fullett so this says Gary_Fullett that demand is waning Gary_Fullett also the first retest tends to fail as well Gary_Fullett mgo to page 2 on the chart Gary_Fullett iexplained the chart Gary_Fullett u can see the answer Gary_Fullett beairish is right Gary_Fullett the first retest of creek tends to fail Gary_Fullett and the ice retest tends to hold Gary_Fullett especilly a retets of crek on light volume Gary_Fullett like the euro chart that w ediscussed Gary_Fullett the high volume Gary_Fullett the range Gary_Fullett was NOT wide hugh joined. Gary_Fullett and it couldnt JOC jump ove rcreek Gary_Fullett with that high volume Candy How do you trade this pattern ? Would you suggest us to sell at the high volume bar ? Gary_Fullett says supply or stopping acion occured Gary_Fullett u can see Gary_Fullett the day that the high volume came in and a lose under creek Gary_Fullett so u wuold sell the close of that day Candy I see Candy Put the stop at the high of bar ? Gary_Fullett correct Gary_Fullett when u see that stopin action Candy thanks Gary_Fullett see that bar' stop above the high of the prev ious bar Candy yes edgar joined. Gary_Fullett so i explained ths chart Gary_Fullett on the charts i sent Gary_Fullett as u can see on the 3rd chart Gary_Fullett bearish wa srihgt Gary_Fullett and mark down ahhpened. rhonda Thanks Gary, Night all rhonda left. Gary_Fullett amos tommorw night Gary_Fullett should ahve longerr term chafrts Ory N Rhonda Candy very good risk : reward ratio Gary_Fullett the read on the newsleeter charst has been good Gary_Fullett any questions? CMan Thanks Good Night 8870 ty gary, gn CMan left. Candy it is great Gary_Fullett ty 8870 warren thanks, Gary and gn all Ory very good presentation Gary_Fullett would be easier if u wer e007 lol Gary_Fullett ty waRREN themick left. Gary_Fullett i am goijng to do like a go to meeting presentation Mt_Steve Thanks Gary, night all Gary_Fullett vs typpe Gary_Fullett any q? Mt_Steve left. Gary_Fullett okay Gary_Fullett I will se eu all toimmorw Gary_Fullett pleasew review this lwectrure Gary_Fullett if u dont under stand Candy Gary , would you consider the range and volume of the bar ? Gary_Fullett ye si woud Gary_Fullett the creek at the reaction bar Gary_Fullett and ice a tad lower warren left. Candy OK leb left. Gary_Fullett thats creek resiatnce Candy are you focus more on the bar which occurs at Creek and ice ? Gary_Fullett i am focuse din the action at the creek and ice area Gary_Fullett not 1 price Candy As there are many bars in the chart, I do not which one should play more focus Gary_Fullett but an area Candy you focus on the whole background instead of one or two bars ? Gary_Fullett pay attention to trhe ones wirth high volum e or light volume Gary_Fullett wideer bars or smaller bars Candy I see Gary_Fullett forcus on the area that those bars are trading in Candy thanks Gary_Fullett it will take time cndy Gary_Fullett but it will all come togther Gary_Fullett there are many years of archives Candy you are very helpful Gary_Fullett and in class u will pik up alot Gary_Fullett pick Gary_Fullett i try candy ty Candy thanks Gary_Fullett my pleasure Gary_Fullett any oher q? John great lecture as usual Gary Ory VERY INFORMATIVE,,,,ty GARY John I ha ve done well wit your ideas in the newsletter John especially today Gary_Fullett great john Gary_Fullett I am glad it helped Gary_Fullett okay ty good night... Gary_Fullett ty all amos tommorw Gary_Fullett beginning a new quarter months Mike left. nick left. Gary_Fullett nihgt all Gary_Fullett left.