Gary_Fullett joined. Gary_Fullett good evening rayw joined. Brian_O good evening Brian_O Gary, are charts available yet? larryg joined. Gary_Fullett the charts should be posted joe_s good evening Gary_Fullett they are from the new sltter today Gary_Fullett i wanted to go over some analysis Mr_Steve joined. Gary_Fullett after the fomc Gary_Fullett either they are emailed or they are on the site for todays date themick joined. Brian_O I'm only seeing 8/6/10 as the last chart available Mr_Steve me to wyatt joined. Gary_Fullett i hope she posted them Gary_Fullett she wont be back for 30 more min Gary_Fullett so no chats posted on the site? Ory Goodevening Gary and all larryg email yes, site no Ory noted for today Brian_O I've refreshed a few times but no luck yet Gary_Fullett im sorry I will ahve kelly post them whenshe gets back form a meeting Mr_Steve I did a refresh and cleaned temp files and no charts Gary_Fullett she is getting paper work back forma client Gary_Fullett i will have he rpost them when she gets back Gary_Fullett but if you get the newsltter Gary_Fullett they are some of those charts rhonda I can forward in an email if somebody wants to private message Gary_Fullett people love the webinar Randy someone could just forward the emails to these guys so we can get started Gary_Fullett but many like the type chat because they can scroll thru the words quicker Gary_Fullett so trying to strike a balance Gary_Fullett ty rhonda Randy emailed charts that is. Gary_Fullett okay any q Gary_Fullett i like t review these charts because Gary_Fullett we cna see the anlysis Gary_Fullett after it ahppens and it puts my feet to the fire Gary_Fullett and i like to show a wyckoff pornciple with charts i send Gary_Fullett any questions? Jon joined. rhonda yw G Mr_Steve I will yake charts if you got them mrsteve2007@charter.net Mr_Steve take sorry Gary_Fullett great Jon left. Gary_Fullett okay we had the fomc meeting on interest rates rhonda Steve CYE Gary_Fullett and what tends to hapen is we get an action the the oppsoite reaction Gary_Fullett well we got a rally today and then a break tonight Gary_Fullett so this did happen Gary_Fullett and then tommorow is the true reaction of the market base don teh fomc descion roger https://docs.google.com/viewer?a=v&pid=gmail&attid=0.1&thid=12a5a2bd17ef5f9c&mt=application/pdf&url=https://mail.google.com/mail/?ui%3D2%26ik%3D1b2b6b59cd%26view%3Datt%26th%3D12a5a2bd17ef5f9c%26attid%3D0.1%26disp%3Dattd%26zw&sig=AHIEtbQ5aREsEt9DFxUYsqrPMKX1oOnxEQ Gary_Fullett i see alot of new folks here so welcome and please ask anything you wish Randy so how do you view tonights action leading into tomorrow? roger that is the newsletter charts see if it works Jon joined. Gary_Fullett i am reviewing the charts i sent for todays sessions Tommy anyone else need the charts .... email them to u Gary_Fullett to see how the analyisis works Gary_Fullett or didnt work Jon is there soound? Gary_Fullett ty tommy roger no sound Jon ok Gary_Fullett no not tonight Gary_Fullett webinars on Sunday ad Monday nights jon Gary_Fullett with sound ect Jon ok thanks Gary_Fullett but Tuesday thru thursday nights we have typed sessions Jon jvantuin@bradfordequities.com if you don't mind Gary_Fullett you are welcome Gary_Fullett okay the s and P daily Gary_Fullett what do u see here? Tommy i sent them jon larryg 1st retest of monthly high, mostly high closes Jon thanks Brian_O didn't appear to much selling at the creek area Randy uptrend since early july, trading in a range recently Gary_Fullett all corrct all good Song I see bearish from the chart Gary_Fullett as you cna see we are on the right side of this trading range Gary_Fullett and i think you all know what i meant by this? Gary_Fullett bearish how so? Song along with the price up, volume dried Gary_Fullett well thats a misnomer about volume Mr_Steve Got Charts thanks Gary_Fullett if the trnd is up then voluem can go higher Gary_Fullett as long as there is no selling Gary_Fullett ty for whoever sent mt steve th charts Gary_Fullett my aplogy rhonda yw Gary_Fullett most people Gary_Fullett dont not know how to read price and volume Chuck left. Gary_Fullett so we have at te lows Gary_Fullett a low and a retest spring Gary_Fullett and a decent up bar Song Also I think yesterday is a low volume retest of the high range Gary_Fullett but the cloes were high end at the highs Gary_Fullett clsoes Gary_Fullett and this is at creek area Gary_Fullett so buyers have the upper hand Gary_Fullett untill we get sellign pressure then supply Gary_Fullett but we are at the right side of the trading range Gary_Fullett so we can expect Gary_Fullett a sign of weakness or a sign of strngth Gary_Fullett a wide bar with increased volume Brian_O just to clarify, the spring and retest you're referring to was in July, correct? Gary_Fullett in may whenn w ehad that large down move Gary_Fullett I said here we would have a trading range for months Gary_Fullett and we had that Gary_Fullett thisis typical Gary_Fullett of a vertical move tat consoldates Gary_Fullett that Gary_Fullett but we must conside Gary_Fullett any reaction high or low as being significant Gary_Fullett why? Gary_Fullett because it is at these areas where a great change of hands takes place Gary_Fullett weather it is stops Gary_Fullett or funds and specs getting in Gary_Fullett understand Gary_Fullett so at these areas we mark it by a horizonatal line Gary_Fullett which is where u dfind demand and supply Gary_Fullett and NOT at sloping trend oines Brian_O did you say at one pt that the funds buy/sell breakouts/breakdowns? Gary_Fullett correct they do Gary_Fullett they look for trend Gary_Fullett and to press direction Gary_Fullett so they buy new highs Gary_Fullett and sell new lows Brian_O so what are they doing at below creek and above ice? Brian_O who's giving the mkt the push above/below these areas? Brian_O cm's? Gary_Fullett the cm will buy suport sell resiatnce till the market as mark up or mark down Gary_Fullett the funds and specs Gary_Fullett look for " breakouts Gary_Fullett so the cm is on the opposite side Gary_Fullett as tradng ranges are the norm Gary_Fullett maybe 80 percent of the time Gary_Fullett so the cm controls the ranges Gary_Fullett till the :" news" allows the d=funds and specs to buy and mark up or mark down Jon left. Jon joined. Gary_Fullett this is an important product of wyckoff Gary_Fullett and MUST be understood Gary_Fullett do you all understand this? Brian_O what is the cm doing after covering his longs/shorts after breakouts? Waiting for another range to form? Jon how do you define cm? Dan the cm is the midset of the markest Jon hedge funds, prop frims, etc Dan it large interst that make up the : market Brian_O or is he waiting for pullbacks to establish former creek as ice and vice versa? Gary_Fullett corect dan Gary_Fullett the cm is the market itself Gary_Fullett corect jon Jon they are 70 5 of the market along with mutual funds and asset mgrs Gary_Fullett correct brian Gary_Fullett he is waiting to buy support Gary_Fullett and selling resiatnce Gary_Fullett ina range and eithwer buyign on balance Gary_Fullett or selling on balance Brian_O interesting Gary_Fullett so if he is accumalting Jon but if 70% of the market is institutional money most are fundamentalist and not looking at a chart Gary_Fullett he will buy more at support then he sells at resiatbnce Gary_Fullett i m not sure thats so true jon Brian_O does the selling represent profit taking then? Gary_Fullett because charts move before the fundies kick in Gary_Fullett he controls the range brians Gary_Fullett so yes he does that as well Jon if your managing $10 billion you not trading support/resistance but making a macro/fundamental bet Gary_Fullett who do u think would win if the specs were all on 1 side or the cm? Chuck joined. Gary_Fullett well some of the greatest trader s we knwo trade techs Brian_O so the selling would be two fold, taking profits and encouraging selling to keep the range intact? Gary_Fullett u can see the fundies thru charts Gary_Fullett i can prove this any time you wish Jon nut you can't move $10 billion around in a stock trading techs Gary_Fullett correct Gary_Fullett till the news allows funds and specs to mark up or mark down Gary_Fullett the specs would over power the cm Gary_Fullett if they were on the same side according towyckoff Gary_Fullett soe of the great market wizards use techs Brian_O techs? Tech. Analysis Jon I trade techs but if i were an institution that got paid to have money in the market your placing larges amounts of money based on fundies. We as technichians see this in the foot prints of the charts and trade the price action acordingly Gary_Fullett the charts will turn before the fundies Gary_Fullett so they may trade fundies Gary_Fullett but they may be buyign early and selling late Gary_Fullett tech anaysis Jon Yes, if you wait for the fundies to turn you missed the move the market prices in everyones expectations. 90% of instituions trae trading based on fundamentals and earnings and they nake up 705 of the vol. on the exchange Brian_O ty Gary_Fullett and the point being jon? Ory 75 % ? Gary_Fullett techs have no place? Jon who is the cm? Jon 70% rhonda interesting Ory TY Jon Gary_Fullett the composite man Jon who is that Gary_Fullett akin to the " market itself Jon ok Gary_Fullett the mind set of the amrkets Jon i see Gary_Fullett so on the s chart Gary_Fullett we are near creek Gary_Fullett as wyckoff students how do we apprach this area? Gary_Fullett approach Mr_Steve I have not based 1 trade in the last 7 years in fundies. If you know the charts you can tell what CM and Fundies are doing Ory pretty much Mr.Steve Randy looking for JOC or UT, watching volume and reaction Jon i only trade techs too Gary_Fullett i agree mr steve Gary_Fullett correct randy Gary_Fullett on the right side of a range Gary_Fullett we want to buy a retest of the jump ove rthe creek Gary_Fullett when demand si proven Gary_Fullett or sell an upthurst in a down trend of an upthrust Ory or its test Gary_Fullett in an uptrend Gary_Fullett after the sequence Brian_O of which we have seen neither, so far Gary_Fullett of preliamaniry support Gary_Fullett selling cliamx Gary_Fullett automatic rally a secndary test and a tradign range Gary_Fullett this range is accumualtion or buyign on balace Gary_Fullett and the jump ove rthe creek si to eb exepcted Gary_Fullett so, you will see an evetual,jump ove the creek Gary_Fullett if the market is coming from weakness Gary_Fullett then the odds will eb an upthrust to sell Gary_Fullett so this is why trned is the MOST important thing u cna knwo about a markets Gary_Fullett TREND Gary_Fullett understabnd? Gary_Fullett so if u read my chart notes Jon yes Gary_Fullett I said looks lie absorption Gary_Fullett BUT you MUST WAIT Jon are we on emn or hal chart? Gary_Fullett like Gary_Fullett like lie Gary_Fullett emini s and p Gary_Fullett so the trading range of 1104 Jon thanks Gary_Fullett the last reaction low Gary_Fullett and 1130 area Gary_Fullett creek resisytance Gary_Fullett is so key you are welcome Gary_Fullett so we must wait for the tape Jon yes a break above 113 on the spy and we going to 116 to fill the gap Gary_Fullett gaps filling is menailess to wyckoff Gary_Fullett means 0 to wyckoff Gary_Fullett gaps only eman somethin as part of a demand or supply Jon yes support/resitance Jon creek ice Gary_Fullett correct Gary_Fullett so a slong as we stay in this range Gary_Fullett volume will robbaly stay lihgt Gary_Fullett if voluem increases look for a move Brian_O how might you interpret a low vol ut after what appears to be absorption? Gary_Fullett so many times volume will elad price tonyw Gary, could you please ask Kelly to post charts on the site? Gary_Fullett yes she is back now in 5 minutes Gary_Fullett we have a chart on that tonigth brain Jon yeah we break this range and all the big oney will be chasing this for their performance Gary_Fullett so wil discuss wyatt this price action is also part of the wyckoff wave.... spring, ar, st... mark up into a TR to build cause correct Gary_Fullett correct wyatt ty Gary_Fullett so this is why the the trading range is so key Gary_Fullett because of the cause and effect Alvin left. Alvin joined. Ory and continues to reapeat itself again and again wyatt correct Ory Gary_Fullett correct Gary_Fullett so w emust be patient and allow the cm to tell us the way Jon price action will tell us Gary_Fullett any q on the es larryg gary is the wide range, upper 1/2 close bar with 1104 low seen as bullish because it shook out some longs or bearish because it showed some supply but didnt quite get back to the high? or need to just wait for next bar? Gary_Fullett price and volume yes Jon that 3rd bar would you call that a shakeout Jon testing supply Gary_Fullett the reaction to 1104 was a posibel shakeout Gary_Fullett possible Gary_Fullett correct john i would Jon that tells me we are going to most likely move higher that bar Gary_Fullett i would agree with that Gary_Fullett but we must wait for above 1130 to get to 1150-1160 Jon no follow through with it the next day Jon i agree Gary_Fullett then maybe back to a retest of broken ice Gary_Fullett at 1175 or so Gary_Fullett so tommorow may be very important Jon yes the buy if the pattern setups on the retest of the ice Gary_Fullett kelly will ahve charts posted in 5 min Gary_Fullett euro currecny Gary_Fullett a nic eparallel channel Gary_Fullett ad u knwo how important these channels can be Gary_Fullett something steve swetz the other day Gary_Fullett which i never said Gary_Fullett but he si right Gary_Fullett the reverse trned line Gary_Fullett opposite of the up trend line in this case Gary_Fullett when u get to the rtl line this is a failry strong amrket Gary_Fullett when u dont reach that line Gary_Fullett there is some weakness Gary_Fullett but in ths case the reasn it didnt was because of the horizonatal line resiatnce Gary_Fullett which is much more important Brian_O does this horizontal represent a retest of broken ice from May? Brian_O horizontal line wyatt Hummm never thought about it like that ty Gary_Fullett it does sir Gary_Fullett it is a reaction high from may Gary_Fullett yes wyatt Gary_Fullett i for yrs never mentone dit Jon broken ice become a creek on the way back up Gary_Fullett not because i was hiding somethign but because i forgot Gary_Fullett correct jon Gary_Fullett u know wyckoff? Jon i no technicals Jon know Gary_Fullett good wyatt you are forgiven then lol Gary_Fullett u may a greta point that i ahve alwasy said Jon lol Gary_Fullett that all traders knwo wyckoff Gary_Fullett but many never heard of it but use it Gary_Fullett so u prove my point ty Jon yrue Jon true Gary_Fullett the cats for tonigth ar eposted Gary_Fullett and kelly si fired Jon just differnet names and lingo rhonda cats=charts rhonda ::smile Brian_O was the broken ice in late June a failed spring? Brian_O I don't know what the Euro was doing prior to the beginning of the chart Jon spring = shakeout? Gary_Fullett u know it in yoru mind Gary_Fullett meow rhonda lol Gary_Fullett the euro wa sin a down trend Gary_Fullett a spring is sort of a shakeout Brian_O OK thanx Jon thanks rhonda lol G Gary_Fullett yw Gary_Fullett so i mentioend Gary_Fullett that the 8040 in x was suport Gary_Fullett and the euo could retest from this area and we did break shaprly today early Gary_Fullett when u get the horiaonatal line and a trend line or rtl line to intersect Gary_Fullett makes the trade better Gary_Fullett from the stand point of a beter probbality Gary_Fullett im impressed 60 here tonight ty Gary_Fullett so this si a nice chart to keep Gary_Fullett any q? Jon perhaps trade down to minor support where the line is at 130 ish Ory YW Gary Gary_Fullett thats where i eebtually see yes Gary_Fullett the euro tonigth reteste dthe days ows Gary_Fullett so shpuld react higher form here btw Gary_Fullett in the sussie tonigth u see wonderful wyckoff on all time frames Gary_Fullett tonight to learn wuyckoff pronciples Gary_Fullett i decided to let u all work Gary_Fullett quiz chart Gary_Fullett this may be good for jon sice he talked on institions with stock Gary_Fullett emn stocks Ory cant get charts to switch so i,ll listen in Thanks Jon nice W pattern off the retest on emn Gary_Fullett they are on the site Gary_Fullett dont blame W he is out of office Gary_Fullett lol Jon lol Song it is little higher than June high, but with low volume and a doji Gary_Fullett tuen to the second page of this quiz Jon this is a bullish consolidation.. Gary_Fullett i may have fib for ya Song es is still lower than june high Ory Thanks Gary,,,, having technical issues sorry Gary_Fullett maybe not Gary_Fullett see the charts labeling Gary_Fullett eariler it wa sasked Gary_Fullett about an upthurst Gary_Fullett with light volume Gary_Fullett I think brian Gary_Fullett o asked Brian_O y Jon consolidation on light volume after long move up ato the creek . left. Gary_Fullett see brian i read yoru mind Brian_O are there any caveats involved when interpreting this price action on individual stocks as opposed to indexes? Gary_Fullett good Mr_Steve left. Mr_Steve joined. Gary_Fullett a chart is a chart Gary_Fullett as mtr ed says a horse is a horse Brian_O not sure you want to go there Gary lol Jon if you can cahrt it it doesn't matter what it is Gary_Fullett right jon Brian_O sorry, I only saw Mr Ed in syndication Gary_Fullett i like tis person Gary_Fullett lol Jon funny Gary_Fullett so w ehave high end close Jon started with rice way back when Gary_Fullett but on the right side of a range what do u wnat to see? Jon tight consolidation with low volume rayw left. larryg good vol, pretty fast rally, light vol near prior high Jon then hopefully a breakout on volume over the creek Brian_O upthrusts and springs? Gary_Fullett u would want increased volume Gary_Fullett wetalked on this Gary_Fullett specs funds to buy Gary_Fullett but in the abck round we have buying Brian_O if you were looking for a breakout/breakdown Gary_Fullett and demand . joined. Jon todays bar was somewhat of a corection bar/shakeout Gary_Fullett so the bar itself Gary_Fullett the alst bar Gary_Fullett should lead to a retest lower Gary_Fullett but the low Gary_Fullett at 6100 area should hold Gary_Fullett that low of that gap highe rbar Gary_Fullett 7 bars ago Gary_Fullett so i woudl expct a test of that then higher Jon yes Gary_Fullett but this is a chart Gary_Fullett that is undergoing absorption Jon maybe or we just consolidate here then breakout Gary_Fullett and breaks are to eb bouhgt Brian_O by funds and specs but not Wyckoff traders Jon yes absorbing supply/sellers Gary_Fullett but the last bar Gary_Fullett ligt voluem ect Gary_Fullett shold be reteste dlower Jon shows that it is strong by consolidation through time rather than price Gary_Fullett what did the stock do today? Brian_O ut on light vol Jon closed in its range Gary_Fullett was it lowr? Jon yes Gary_Fullett so watch this stock amy be a good trade Jon correction bar/shakeout Gary_Fullett okay chart said so for a retest Randy yes, 63.18 close, 62.20 low Jon that closed back in the range' Gary_Fullett good so was a shakeout due tho the last abr Gary_Fullett so the read was right good ty Gary_Fullett any q? Jon when you see these correction bars in a base that take out the lows then closes higher this is a bullish sign for higher prices Gary_Fullett correct Gary_Fullett the cm doesn tlike company Gary_Fullett so shakeouts very common Jon look at the correction bar on7/29 then the gap up the next day Gary_Fullett to get weka ongs out Gary_Fullett and shorts to enter Gary_Fullett BTW amos tmmorow night Gary_Fullett okay so watch this stocks Gary_Fullett if u trade stocks Gary_Fullett maybe somthing to watch Gary_Fullett okay Gary_Fullett the other quiz chart Gary_Fullett for those new here i do webinars on sunday and monday bar nt bar and wuckoff proncipes ay 7 pm cst Ory left. Gary_Fullett regiater on the site Gary_Fullett we are here duirng tradign hours Gary_Fullett monday thru friday Gary_Fullett and lecture s by guest and me tuesday thru thursday Gary_Fullett haliburton stock Ory joined. Gary_Fullett what do u see? mark left. joe_s left. Gary_Fullett we see a low Gary_Fullett that ddnt ahve follow thru Gary_Fullett at the lwos Gary_Fullett and then a grind higher Brian_O retest supply bar from late April Jon just a consolidation pullback after testing the creek Brian_O uptrend since climax in June Gary_Fullett good Brian_O I see Jon's pt as well Gary_Fullett go to page 2 Gary_Fullett the closes are mid range to higher mid range Gary_Fullett for the most part Gary_Fullett why is this importabnt Gary_Fullett it says buyers are winning Gary_Fullett this is VERY IMPORTANT Brian_O which bars? The flagging bars testing creek? Gary_Fullett the last 6 bars or so Brian_O OK, thanx Gary_Fullett at resiatnce u dont have seling Gary_Fullett thas KEY Jon most of the bars in the consolidation pattern closing near highs plus sitting right on the 200 sma which Gary_Fullett u expect selers at creek resistance Gary_Fullett and if u dont get sellers there Brian_O so no cob and no supply coming into the mkt? Obviously, some selling but no supply? Jon tech are self fullfilling prophecy the tail of today touched the 200ma and immediately bounced higher Gary_Fullett corect brians now u r getting it Gary_Fullett so lack of supply from creek Gary_Fullett after moving higher Gary_Fullett so bullish or bearish chart? Brian_O bullish Jon bullish bias Gary_Fullett lu sure? Gary_Fullett u sure? Jon y Gary_Fullett lest go to the alst chart page Jon still in an uptrend Gary_Fullett great eyes jon Jon higher highs and higher lows Brian_O hmmm, interesting analysis, I like Gary_Fullett yes jon Gary_Fullett and u see the expanation Gary_Fullett its what w ecall a hinge Gary_Fullett or sprngbaord Brian_O Jon, as a techie, how do interpret price action w/ 50 day below 200 day but w/ 50 day sloping up? Gary_Fullett which lead to the jump over the creek Song so you mean es is the same story Jon dependsopn the candles and price action. Gary_Fullett looks similar song Gary_Fullett BUT Gary_Fullett the es ddint joc yet this did Gary_Fullett this stocksm stonger Jon i just use the ma to help with trend direction and how extended the price action is Song sorry, I mean before the jump, same low volume, high range, around creek, ect Brian_O es isn't high range yet Gary_Fullett do u us ePA or juts Ma? Gary_Fullett us pa or just ma? Gary_Fullett right brian Gary_Fullett in ths case Gary_Fullett the ullback wa son lght volume Gary_Fullett lack of seling Gary_Fullett closes were mid range t highe rmid range bullish Gary_Fullett i try to show wyckoff principles with charts Gary_Fullett ths wa spar tof the news lleter Gary_Fullett so if u wnat a trial just wite kelly Gary_Fullett knorris@ltg-trading.com Jon ok, thanks Gary_Fullett and i give it to chairity Gary_Fullett okay too late to syart a wyckoff lecture bu any q? Gary_Fullett I have alot od charts to do Ory TY Gary Jon great job..thank you Song olk, thanks Gary_Fullett jon ty for the impute brians song as well Gary_Fullett any final q or comments Gary_Fullett okay i bid u all a great safe night Gary_Fullett see u all tommorw Gary_Fullett ty Jon left. Gary_Fullett left.