Gary_Fullett joined. Gary_Fullett good evening Brian_O Good evening Gary, this is beginning to be habit forming joe_s good evening wyatt joined. Gary_Fullett habit forming hopefully a good thing Gary_Fullett I decided to share a treat with u Brian_O absolutely Gary_Fullett and its not halloween option joined. tonyw joined. Gary_Fullett becasue we got alot of new folks that are reviewing the chart so i wante dot show some things Gary_Fullett next weeks webinar schedule is mark joined. Gary_Fullett sunday bar by bar at 7 pm cst Gary_Fullett and monday 7 pm 3 principles and trading ranges Gary_Fullett if u signed up already no need to do it agian if u hvent registered write kelly knorris@ltg-trading.com Gary_Fullett and she will add u Gary_Fullett ok? option k Gary_Fullett okay lets begin any questions ect? joe_s thoughs on todays action with the es pec joined. Gary_Fullett i just finished writng on it in the new sltter Gary_Fullett but we cna work thru it a tad tonight joe_s ok i can read the nl later Gary_Fullett i sent a chart monthlt of todays moth action Gary_Fullett plus Gary_Fullett the period of 1929 to 1932 Gary_Fullett so lets discuss those 2 charts Gary_Fullett first the current one Gary_Fullett in 1929 Gary_Fullett we had the crash JWC joined. Gary_Fullett but to many peoles disbeleief if they research it Gary_Fullett this was NOT the lwos the crash was the strat of it Gary_Fullett well in 2007 we had a top Gary_Fullett aND WE BROKE to 2009 Gary_Fullett so if we take Gary_Fullett the march 09 lows Gary_Fullett we can see if u look atthe 1929 chart Gary_Fullett that we made a low in 1929 and a low in 2009 Gary_Fullett so put both charts side by side Gary_Fullett so u see this Gary_Fullett 1929 llow like 2009 low Gary_Fullett see this/ Brian_O Does JD joined. Gary_Fullett so the reaction lwo in 1929 Anna yes half back Gary_Fullett lead t a rlaly Gary_Fullett the 2009 low lead to a rally Gary_Fullett the move from 2009 Brian_O '29 low look like there was a sign of weakness prior to the low? As opposed to the '09 low which, to me, looked like the first sign of weakness, imho joe_s how high does the market have to move now to invalidate this theory? Gary_Fullett leaD TO A MOVE TO ABOUT HALF WAS BACK Gary_Fullett AS ANNA SAID Gary_Fullett and more imortanly Danny joined. Gary_Fullett had an eding action event the rally Gary_Fullett the sort or shorening of the thrust Gary_Fullett so u cna see the rlaly to ths yr ending on a sot Gary_Fullett shoreting of the thrst yoohoo left. tommy Was the rally from the 1929 low to the 1930 april high and automatic rally ? Gary_Fullett we will discuss that Gary_Fullett I sent a bette rchart of ths alst week Brian_O sorry, misread chart timeframes Gary_Fullett so we se ethe 22009 ow o now correct? Gary_Fullett and q? Danny left. Gary_Fullett well the 2010 rally could eb complete Gary_Fullett I am NOT advocating it I am shwing as a possibilty Gary_Fullett kinda taking amos bearish view Gary_Fullett to see where it takes us Gary_Fullett okay now the 1929 chart Gary_Fullett see the large break in 1929 Gary_Fullett like the weaknes in 2007 Gary_Fullett see this weakness Gary_Fullett the we had a rally Gary_Fullett for about 1 year or so Gary_Fullett and the high in 1930 Gary_Fullett was also stoppe dby a sot tonyw left. tonyw joined. Gary_Fullett shortening of the thrust Gary_Fullett see thos sot Gary_Fullett so this sot lead to a reak under the 1929 lows JD left. Gary_Fullett but u cna se ethe great down chennle it formed Gary_Fullett whats amazing is the speed of the break but we ahd a verticla move in the 1920;s Gary_Fullett this almost looks like the .com era Gary_Fullett so if the 2010 ended on a sot Gary_Fullett after a rally form the lows Gary_Fullett maybe it mirrors the 1929 chart Gary_Fullett and w ehave mark down under 6500 Gary_Fullett i doubt it though Ory left. Gary_Fullett i thought it wa sunteresting Gary_Fullett tha many thought the 1929 was a low Gary_Fullett afte the grash Gary_Fullett crash Gary_Fullett we made new lows Gary_Fullett and grinded lower Gary_Fullett ths grind lowr stepping stone lower Gary_Fullett hurt more thna the crash tommy but there was another mini crash after april 1930 into june 1930 tommy from end of april until end of June Gary_Fullett becaus of the times it took to bottom Gary_Fullett correct afte r the sot tommy so we should have another crash right about now to kick off the move to 800 to 700 range yoohoo joined. Gary_Fullett so it possible Gary_Fullett the break from 2007 was part of the process Gary_Fullett and its possibe; since we ar eunder ic espport Gary_Fullett I am not saying we will get this Gary_Fullett I am showing the possibilties Gary_Fullett if they lool simialr Gary_Fullett i thought it was cool Gary_Fullett not many ahve charst fro the tun of the centruy Gary_Fullett just a thougt Gary_Fullett could be all wring Gary_Fullett but wated to show it tommy there is an 1987 similarity too Gary_Fullett if it doesnt speak to u the forget it Gary_Fullett but 1987 we bottomed tommy http://farm5.static.flickr.com/4082/4769319367_05e345b0bd_b.jpg Gary_Fullett it was an acute event yoohoo left. yoohoo joined. Gary_Fullett now more chonic like1929 Gary_Fullett ANY q? Gary_Fullett ty tommy fpa joined. Gary_Fullett okay Gary_Fullett u have the charts and u cna compre them Gary_Fullett weekly s and p Gary_Fullett i do weekl y chats for the news letter over the weekend Brian_O sorry Gary, do you mean that '87 was an acute event? Gary_Fullett ndthese come form the newlstter Gary_Fullett what do u see on the weekly es? Gary_Fullett it was a crash Gary_Fullett that made a low Gary_Fullett was more of a large shakeout Gary_Fullett I wa son the tradign for for the crash was really cool Brian_O I assume you weren't on the losing end of it? Gary_Fullett it was a quick low Gary_Fullett and then up side hokah joined. Gary_Fullett i actulaly made mory that day Brian_O which was 'cool' :)) Gary_Fullett which was the greates crash ever in mho Gary_Fullett the rest may be bigger Gary_Fullett but tis was the virgin crash of my career fpa left. Brian_O you never forget your first Gary_Fullett st pauli girl Gary_Fullett so weekly es Gary_Fullett what do u see Gary_Fullett my note were coming into today Gary_Fullett see the may 6th week Gary_Fullett the large bar Gary_Fullett this can be a sign of wekaness Gary_Fullett if this was a shakeout Gary_Fullett u shoud aev mad ene whighs Gary_Fullett u should have made new highs Gary_Fullett but after thsi abr u formed a lower trading range Gary_Fullett u can see the weak rlaly Gary_Fullett from te 1036-1040 area Gary_Fullett and finally under it Brian_O do you like to see shakeouts trade below the ice before moving higher and would you consider that to be a spring? Gary_Fullett thats a spring Gary_Fullett so in an uptrend Gary_Fullett springs occur all the time Gary_Fullett in a down trend springs fail Brian_O OK, thanks for confirming Gary_Fullett a spring tends to be a 102 bar event Janet joined. Gary_Fullett if it is more than 3 bars prob not a spring Brian_O 1 or 2 bar? Gary_Fullett 1-2 bar not 102 Gary_Fullett sorry Brian_O no prob just checking Gary_Fullett so alst week we close dunder the 1040 area Gary_Fullett u get used to my typos lol maybe yoohoo left. yoohoo joined. Janet left. Brian_O so this appears to be a critical juncture Janet joined. Brian_O how much of this activity do you attribute to summertime trading? Gary_Fullett i dont care Gary_Fullett money never sleeps Gary_Fullett if they want tos ell they sell and vice versa Gary_Fullett but we have a lower tradng range AFTER sellig Gary_Fullett ths generally mean bearishness Gary_Fullett if w edont regan the tradign range in the next 2 weeks Gary_Fullett we will most lilely have mark down Gary_Fullett today we tried to retest that area Gary_Fullett but Gary_Fullett WHY DDNT WE CLOSE IN THE TRADIGN RANGE Gary_Fullett ANYONE SEE TODAYS ACTION? Gary_Fullett sorry on caps Gary_Fullett why didnt the rally hold? RB lack of demand as we progressed higher Gary_Fullett how do w eknwo ack of demand? Gary_Fullett knwo RB volume Gary_Fullett the rally wa ssharp today? Gary_Fullett if u look at the chart Gary_Fullett i emtnioned th 1040 area as being key Gary_Fullett aboe it a rlaly under it wekenss RB i should have said as we tried to retest higher Gary_Fullett price was good Gary_Fullett so why ot a spring? Gary_Fullett volue wa slight Gary_Fullett ths light volume says lack of string agressive buyer Gary_Fullett strong Gary_Fullett so the weak voluem Gary_Fullett said the alck of conviction Gary_Fullett thsu a weak rally that failed at resistance onc ethe buyers ledt selers entered Gary_Fullett see why the quailty was a weak rally due to alck of demand volume on the rally Gary_Fullett undersyand very very imp Gary_Fullett daily chart Gary_Fullett w ealwasy look at the larr tiem frame first Gary_Fullett for refercne Gary_Fullett reference Gary_Fullett when a market tops Gary_Fullett we cna top with a buying cliamx Gary_Fullett or a lack of demand that lrads to supply dz joined. Gary_Fullett so we se emay 6th Gary_Fullett and we see a failry storg close Gary_Fullett well of the bottom Gary_Fullett seethis bar? Gary_Fullett it than took 5 bars to reagin that high mbflint left. Gary_Fullett so 1 bar to break 5 bars to raly Gary_Fullett red flag for bulls Gary_Fullett the high of the may6 th Gary_Fullett was retested Gary_Fullett 5 bars later Gary_Fullett t wide abr on may 6th was a verticla supply bar Gary_Fullett so it was a retest of that high tonyw left. tonyw joined. Gary_Fullett wich failed Gary_Fullett and then the break Gary_Fullett if we had a shakeout Gary_Fullett the may 6th low Gary_Fullett would ahve been the low before mark up Gary_Fullett understand/? Gary_Fullett so we move lowr Gary_Fullett and then we went to a high Gary_Fullett mid june Gary_Fullett and failed Gary_Fullett look at the volume in the area Gary_Fullett it si light Gary_Fullett shows a lack of demad Gary_Fullett after th supply of may 6th this is bearish Brian_O are you referring to the decreasing volume that retested the May 6th supply bar? Gary_Fullett corect] Brian_O sorry, didn't type fast enough Gary_Fullett also i am referring to the rlaly Gary_Fullett min june Gary_Fullett to 3rd week in june Gary_Fullett so both rallies Gary_Fullett AFTER supply Gary_Fullett May 6th Gary_Fullett are ebarish Gary_Fullett are bearish Gary_Fullett nw look at the close sthe last 10 bats o so Gary_Fullett bars RB mostly low end Gary_Fullett correct Gary_Fullett after selling Gary_Fullett what does low end clsoes tell u? RB supply/weakness, no demand Janet sellers won and in control Gary_Fullett corect Gary_Fullett all correct Gary_Fullett so u see this Gary_Fullett i didnt make up the abrs Gary_Fullett bars Gary_Fullett in fact they are current Gary_Fullett so Gary_Fullett do u see ending action? Brian_O so now a break of the ice, no spring, wait for a retest? Gary_Fullett they retested that broen ice today Janet no ending action Gary_Fullett correct Gary_Fullett how will we see ending action? Gary_Fullett aNY one? Janet selling climax, high volume, close on the highs, wide spread Anna massive volume narrow range is One way. Gary_Fullett close mid raneg or higher not necerssailry high end Gary_Fullett not narrow raneg wide range anna Gary_Fullett and the voume on the sc doesnt ahve to eb massive Brian_O I see where the ice was retested today but intuitively, I guess, I'd be looking for more of a selloff and then a retest Anna just like at the top of a Market Gary. Gary_Fullett marest ake a hihg or low Gary_Fullett with cliamtic behavior Gary_Fullett or in an up trend lack of demand that lead sto SUPPLY Gary_Fullett the oppsisite is true for a bottom Anna new high or low ground I see. Gary_Fullett massive voume small range Gary_Fullett is an sot Gary_Fullett effort v s result Gary_Fullett in an uptrend u MUST i mean MUST have supply bars Gary_Fullett what u desrbe is what i clal stuffing action Gary_Fullett ana whre did u get that assive voluem small range si a trned changer? Gary_Fullett it si stppping action red flag but NOT ending action for a trend change Anna vsa Gary_Fullett i know Gary_Fullett well I assumed Anna they call it end of a rising market or Bag holding Gary_Fullett unortualtly they lack wyckoff Gary_Fullett and try to interpet price wiht volume Gary_Fullett u nee dsupply in an up market Anna Im working with you now though sooo... Gary_Fullett massive voluem with narrow range Anna ::smile Gary_Fullett is efforrt vs reult red flag Gary_Fullett the acton u desribe can be absorption Anna I Understand Gary_Fullett what isf the close was high end Anna need the next bar Idealy Gary_Fullett yes Gary_Fullett or the next few bars Anna Very Volitile either way Gary_Fullett breaking a trend istna 1 bar event Ory joined. Gary_Fullett there is follow tru ect Brian_O this is good stuffj Gary_Fullett q on the daily? Brian_O stuff Gary_Fullett i talk on todays action in the newsltte for tommorw Gary_Fullett most know but maybe not the new comers Gary_Fullett i track very closely the nas- s and pspread Gary_Fullett the next cnart is that spread Gary_Fullett u can see the support Gary_Fullett that it closed at on friday Gary_Fullett ths support lead to a rlaly a sthis chart indictes it would Brian_O can you explain to us newcomers what this chart is telling us? dz what is the difference between ending action and stopping action? stopping action normally refers to , uptrend for example, PSY,BC,AR,ST per my understanding,right? Gary_Fullett if i did brian i will ahve to kill u lol Gary_Fullett the nas is a mroespecualtive market Gary_Fullett the nasdaq Gary_Fullett or nas Brian_O don't need to know that bad lol Gary_Fullett it tends to be a leade Gary_Fullett because ti shows the wilingness to buy spec stocks vs saftey ones Gary_Fullett ending aciona nd stopping action similar Gary_Fullett that sequence u desrcribed DZ is a TREND change Brian_O OK, that I understand, just didn't recognize the symbol, thanks Gary_Fullett stoppig or ending action doens thav t be trend folling Gary_Fullett that sequanc eu described is atopping and ending action Gary_Fullett but stp[ping and endign action themick joined. Gary_Fullett dont ahve to be trend changees Gary_Fullett under stand dz? dz thinking dz well , thank you, gary Gary_Fullett i go slower so it sinks in not ebcuas ei am slow Gary_Fullett so Gary_Fullett any othe q? Gary_Fullett so this sread shows that the nas leads in move sover the es. Gary_Fullett so whe it si strong the market tends to be strong Gary_Fullett it broke out of a channle Gary_Fullett but horizzonatal support to wyckoff more important tommy left. Gary_Fullett in wyckoff we want to draw parallel channle lines as much as posib;e trend liens ar enot so imp but paralel lines and horizonatal lines are the heart of lines to wyckoff Gary_Fullett NOT trned lines Gary_Fullett trend buck joined. themick left. Gary_Fullett so in bonds Gary_Fullett U have aclear up channle Gary_Fullett u have the up trend line buck left. Gary_Fullett and the correspoding pareall channle line is a reverse trend line Gary_Fullett in this case an ove rbought ine roger left. Gary_Fullett so bons in an up tred Gary_Fullett tell us money into bonds and out of stocks Gary_Fullett as a flight to quailty Gary_Fullett underatynd? Brian_O y Gary_Fullett my typing s is bad tonight fat fingers Brian_O same type of fingers that caused the May 6th selloff? Gary_Fullett lol Gary_Fullett beans Gary_Fullett we cna see the anrrow ing the range Gary_Fullett we can see that the market is in a tradgn range as well Gary_Fullett so as a amrket goes to the right side of the trading range Gary_Fullett this si wehre we get the sign of strngth or sign of wekaness Gary_Fullett a wide bar with volume Gary_Fullett that gives us direction Gary_Fullett so thats what we cna expec tnow Gary_Fullett it is this type of trading that Gary_Fullett we want to buy clls and uts Gary_Fullett ecaus evolaity is low Gary_Fullett because of low volatility Gary_Fullett so we cant trad euntil we get the edge Brian_O any expectations w/ regard to this pattern forming after a downtrend? Obviously, follow the breakout w/ some type of volume Gary_Fullett and the edge is after we see the cm tip hi s hand by demand or supply Gary_Fullett the odds alwasy favor the direction of trned Gary_Fullett BUT the pric eand bar tell us Brian_O understood . left. . joined. Gary_Fullett wheat Gary_Fullett great chart Gary_Fullett we see a marke that has ic esupport Gary_Fullett at th 425 area Gary_Fullett look aT THR BAR Gary_Fullett 4 BAR ERILER Gary_Fullett it is a move under the support see this yoohoo left. yoohoo joined. Gary_Fullett so we see that the spring attempt Gary_Fullett and w ehad 2 baers under the ice support Gary_Fullett and a spring of this area Gary_Fullett u cna see 2 small bars Gary_Fullett before alst week Gary_Fullett this is a alck of supply Gary_Fullett that lead to demand Gary_Fullett as u can see Janet left. Gary_Fullett u need to see demand at support Gary_Fullett but a alck of supply Gary_Fullett lack Gary_Fullett can lead to demand.. Gary_Fullett see this? Brian_O y Gary_Fullett corn Gary_Fullett look at the rally of laST WEEK Gary_Fullett it was a retest of a buying abr Gary_Fullett from alst sept Gary_Fullett last Gary_Fullett it is ic esupport Gary_Fullett and a retest of an area where buyign came in Gary_Fullett the market is in its trading range Gary_Fullett and on the right side of the rage Gary_Fullett so we can see a sos or sow Gary_Fullett sign of strngth sos Gary_Fullett sign of wekanes ssow Brian_O Gary, great stuff, got to fly tonight (East Coasters, y'know) have a geat evening, thanks Gary_Fullett one thing we know the longer sideways more cause for a pending move Gary_Fullett u r just getitgn started lol Gary_Fullett any q Gary_Fullett ' amos tmmorow Gary_Fullett with chats Gary_Fullett steve on thursday Brian_O I'll be there Brian_O left. Gary_Fullett ok nihgt se ua ll tmmor w ty... Gary_Fullett i prefer the webinars Gary_Fullett ' so will ahve to get that done Gary_Fullett goon night all t Gary_Fullett good night ty Gary_Fullett left.