Gary_Fullett joined. FranknMiss joined. r left. Gary_Fullett good evening all Ory GE Gary joe_s good evening Gary_Fullett greetings Dmitry good evening Gary_Fullett will begin in a few Gary_Fullett in the mean time any q? joe_s no questions but tell kelly TY Gary_Fullett will do Dmitry What Profit Factor ($Wins/$Loss) trader should have? Dmitry 3? 5? 10? Dmitry I konow the more the better Randy make $ = profit= what matters Dmitry in a long run Ory what would you like it to be Dmitry not in one trade jil joined. Dmitry I would like 5 or 7:) Ory consistency D Ory overvvva year month etc tonyw joined. Dmitry yes Gary_Fullett the best traders in the world what do u think thye are right? Gary_Fullett 5 out of 10? Dmitry 30-40% of the time Ory ? ? 30 per cent joe_s less than 50 % Gary_Fullett right Dmitry (0,3*600)-(0,7*300)=-30 Gary_Fullett so a 300 hitter in baseball Ory oh yes i think so Gary_Fullett gets 20 mill a year Dmitry so 2:1 ratio is not good Gary_Fullett so think of it joe_s I good with taht joe_s that Gary_Fullett 2/1 is very good Randy 2 trades, 1 winner = .500, good stop losses and money management= making good money wyatt joined. Ory tough to do Gary_Fullett correct randy Gary_Fullett just mae proper trades Dmitry I agree, but my math go wrong? (0,3*600)-(0,7*300)= - 30 Gary_Fullett and the money takes care of itself Dmitry 30% of time $600 profit. 70& of the time $300 loss. Result -30 $ Dmitry okay! Gary_Fullett u shouldnt use an equity stop Gary_Fullett u shoudl us ea s top that tells u that u r wrng the postion Gary_Fullett becaus if u trade volity Gary_Fullett the stops need to be adjusted to the market conditons Gary_Fullett on a slow day 4 handle stops es is fine Gary_Fullett on volaitle day Gary_Fullett u need to adjust Gary_Fullett wwhy use 200 stop Gary_Fullett if it above supor tif long Dmitry understand. adjust for volatile condition. Dmitry volitile Song joined. Gary_Fullett yes Dmitry okay Gary_Fullett we will discuss in an up coming webianr Gary_Fullett any other q? Gary_Fullett steve will be here at the top of the hr Dmitry good. it essential topic. Gary_Fullett yep Gary_Fullett okay lets go Gary_Fullett es daily Gary_Fullett what do u see Gary_Fullett look at the backround Brian_O joined. Gary_Fullett we have the larger bars to th e down side Gary_Fullett what does this tell u Brian_O sellers in control joe_s the trend Gary_Fullett correct Ory supply Dmitry supply and downside follow-through Gary_Fullett i wnat to point somethign out Gary_Fullett and this issomething i discussed before Gary_Fullett but many new here Gary_Fullett look at the lw Gary_Fullett the 1002 low Gary_Fullett see this Gary_Fullett erly july joe_s y Brian_O y Gary_Fullett the TOP of this bar Gary_Fullett forms support when taken out Gary_Fullett see this Dmitry it is support, but without strong volume Dmitry is it good? Gary_Fullett so it can be drawn Song could yesterday and today's actiion as retest Gary_Fullett the whole summe rlacks volume Gary_Fullett but the action was good Dmitry y Gary_Fullett yes song Song see if it breaks ice? Gary_Fullett which si why i thought we could rally 1-3 days Gary_Fullett so it was a retest of support warren joined. Gary_Fullett so i expected a move higher Gary_Fullett we opene dhigher Song and today's last minutes sell off is not as strong as before Gary_Fullett and this wa smet ith selling Gary_Fullett met with selling Gary_Fullett so we couldnt even muster a decent rally ad follow thru Ory so more supply to be tested Gary_Fullett so this says a statement Gary_Fullett and tell su a story Brian_O I wasn't w/ you back in late May or early June but would any of those reaction bars have also been marked as well and monitored? Gary_Fullett but we knw te 1037 is important yoohoo joined. Gary_Fullett yes sir Gary_Fullett and reaction areas are markeed O.I.C. 1029-1035ish....then possible ,,,,,1003....? Gary_Fullett u wnat to mark areasof significance Gary_Fullett remeber the end of month generlaly gets window dressing Gary_Fullett and thus far nada Gary_Fullett they buy end of moth Gary_Fullett to make accoutns look good Gary_Fullett now the holding of the lows at 1037 still allows the possibilty of a rally Brian_O June didn't look so good Gary_Fullett nope O.I.C. are we to look for significant.....volume one way or the other Gary_Fullett well this far Song I think recent volume is so so Gary_Fullett we have a a trading range Gary_Fullett we must respect that Gary_Fullett 21-17 packer s whoo hoo Gary_Fullett so under this 1037 area Gary_Fullett there will eb sell stops Ory but didnt we close at the half way point Gary_Fullett and if we get voluem ca see 1002 Brian_O Focus :)) Gary_Fullett alwasy Ory i,m watching Gary_Fullett having adhd i can multitask : yoohoo left. yoohoo joined. Gary_Fullett im listening Ory cool Gary Song if this is a large trend range, can the previous broke down to 1000 area be viewed as a spring? Gary_Fullett we have to see when we get there Gary_Fullett but u dnt need high volume to break Gary_Fullett why?> Gary_Fullett eom si down Gary_Fullett is Brian_O you had mentioned previously that you thought the mkt would be in a trading range for the rest of the year. What do you base that on? O.I.C. either way we have axtion Gary_Fullett i base it on Gary_Fullett we had a alrge rally form march 09 Gary_Fullett which came after a huge down in 2007-2008 Gary_Fullett so the market tends to go into a tradign range after that type of action Brian_O got you, thanks Gary_Fullett so will see n joined. Gary_Fullett the reaction for 1002 lead to decent rally Ory 2 minute warning for half Gary_Fullett giving credence to the trading range in tact Gary_Fullett so w cna still see a retest to 1080-1085 area Gary_Fullett will see Gary_Fullett any q yoohoo left. yoohoo joined. Ory dont think we are going much lower Gary_Fullett not at this time Gary_Fullett if w eget under 1033 maybe 1002 Ory o.k. thanks Ory correct Gary_Fullett hourly es my fav Ory your market barometer Gary_Fullett i labled this cchart Gary_Fullett we can see the tradng ranges Gary_Fullett then mark down tradign range Gary_Fullett more mark down Gary_Fullett u can see the prgression dz joined. Gary_Fullett so w ego lower untill we see stoping acion Ory yep Gary_Fullett look at the bar i labled pre support O.I.C. there is not enough data to determine whether the longer time frame is down or up...until we sihnificantly cancel one directuin out with exta ordinary action in volume and at proper swings??/ gary Gary_Fullett wide bar high volume O.I.C. thxs Gary_Fullett so we can see that action Gary_Fullett then the retest Gary_Fullett to 1037 Gary_Fullett and its close Gary_Fullett see this O.I.C. then we know Gary_Fullett so i labled possible wyckoff Gary_Fullett sequence yoohoo left. yoohoo joined. Gary_Fullett u can see wher ei drew my line Gary_Fullett as resistannce Gary_Fullett it is a retest of the breakign of the ice Gary_Fullett notice where that bar is? Brian_O where is your new ice? At pre support? Gary_Fullett was near the high of the day Gary_Fullett U dont se it on the daily Gary_Fullett but the hourly u do Gary_Fullett see this Ory got it now Gary_Fullett a retest f broekn ice Gary_Fullett is a good palce to sell in a down trend Gary_Fullett see the pre suport low/ Gary_Fullett what is it? Ory touchdown GB Brian_O touchdown NE Ory 27 21 Gary_Fullett so the low was 1043 today Gary_Fullett was a retest Gary_Fullett of the pre suport low Ory GB Gary_Fullett this lead to 1051 Gary_Fullett but a ow end close n ST? Gary_Fullett so we can expect a retest to 1037-1040 tommorow Gary_Fullett yes Song I am sorry, what is GB NE stand for? Gary_Fullett seconadary test BUT Gary_Fullett comeign form weakness Brian_O Green Bay and New England Gary_Fullett but i do ex[ect araly after a retest Gary_Fullett but tommmorow is GDP report so may see volaitity Song thanks a lot. Gary_Fullett its footbal song Song lost my mind yoohoo left. yoohoo joined. Song yes, I realized now Gary_Fullett i lost mine a long time ago Brian_O I'll let you know if I find it :) Gary_Fullett ty Gary_Fullett so will see the retest Gary_Fullett any q? Song lol Ory got it Thanks Gary_Fullett i sent this chart to newsleeter folks joe_s good Gary_Fullett yesterday Gary_Fullett I wanted to show a hinge n Good call.. Gary_Fullett see this low Gary_Fullett wice bar Gary_Fullett high end close Ory we on next chart Gary_Fullett so stpping action Gary_Fullett so the next abr Gary_Fullett higher Gary_Fullett after a retest Ory t bonds Gary_Fullett 3rd bar form the lows Gary_Fullett no 30 min es swetz joined. yoohoo left. yoohoo joined. Ory TY Gary_Fullett see the 3 bars Gary_Fullett the low and the next 2 bars Dmitry Gary, what you prefer in a downtrend: exit during prices go lower and lower OR when prices go up and hit your trailing stop? Gary_Fullett the 3rd bar Gary_Fullett was a retest of a selling bar Gary_Fullett i like t trade multiple Brian_O was that whole discussion on the 30 min? I thought you were talking about the 60min. Gary_Fullett take 1 /2 at suport Gary_Fullett and then a trailing stop Gary_Fullett 30 min chart Dmitry nice! thank you Gary_Fullett I wanted to show on 60 min a retest of broken ice was todays high Gary_Fullett the 3rd bar Gary_Fullett was a retest of a selling abr Gary_Fullett so we corrected Brian_O I thought I was losing my mind. That makes a lot more sense Gary_Fullett look at the next 4 bars Gary_Fullett lol Gary_Fullett i will let u knwo hen i find it Brian_O ty Gary_Fullett the next 4 bars what do u see? Gary_Fullett slow retest lower Gary_Fullett look at the volume Gary_Fullett what do u see? Gary_Fullett light volume retest after buying Brian_O low vol reaction Gary_Fullett the gians were maitained Gary_Fullett BUT gary look at the coses Gary_Fullett all low end Gary_Fullett isnt this a alck of demand wyatt this is an excillent chart very nice Gary_Fullett or selling? Gary_Fullett see the closes larryg joined. Gary_Fullett why wasnt it bearish? Brian_O demand in background Gary_Fullett but weka closes Gary_Fullett yes Gary_Fullett back round Gary_Fullett so if u do bar by bar Brian_O as you might expect based on location w/in daily tr Gary_Fullett u may thik bearish Gary_Fullett but buying in the back round Gary_Fullett this is an example of a hinge Gary_Fullett which sent to newsltter folks n Which chart? Gary_Fullett gave u 15 hande rally to 1061 area Gary_Fullett 30 min es n ty... Gary_Fullett see this hinge Gary_Fullett i abled this nicely y for u Dmitry very good! Gary_Fullett any q? Ory TY Brian_O can you briefly talk about the dynamics of a hinge? Gary_Fullett i dd lol Gary_Fullett focus lol Gary_Fullett okay Brian_O touche! Gary_Fullett after u gte a buyin g/ demand rally Gary_Fullett wide bar Gary_Fullett increased volume Gary_Fullett the next few bars Gary_Fullett are a retest on lhgte rvolume Gary_Fullett small range Gary_Fullett indicatig a alck of supply Gary_Fullett and the gaisn being held Gary_Fullett gains Gary_Fullett this forms what many call a bull flag Gary_Fullett or a hinge Gary_Fullett absorption Brian_O so weak reaction after wide range demand bar, excellent Gary_Fullett spingboard/ Gary_Fullett the opullback isnt alack of demad wiht buyers in the back round Gary_Fullett the importan tof time frames Gary_Fullett u dont see it on the 60 min wyatt correct gary U don't Brian_O Is 30 min the ideal timeframe to see it? Gary_Fullett thas why time frames ar every important. Gary_Fullett in this case yes Gary_Fullett but not always Dmitry I trade 30 min always Gary_Fullett 30 min tiem frame Gary_Fullett is 1/2 of the 60- more bars Song thanks a lot Gary_Fullett euro Ory but the pros use 60 min Gary_Fullett we haave a trading range Gary_Fullett so i felt a retest to the top of the range Gary_Fullett we went above tat today Gary_Fullett but i thought te retest of ice Gary_Fullett would lead to a rally Ory it UT Gary_Fullett yes O.I.C. what data is coinf out todat Gary_Fullett in currecnies us ete 240 mn chart Gary_Fullett but that didnt say anything Gary_Fullett GDP i htink O.I.C. thxs Gary_Fullett yw Gary_Fullett so just in a range Gary_Fullett and sic ewe reteste dic ei thought creek Gary_Fullett and we did that Gary_Fullett but look for a sow Gary_Fullett or sos Gary_Fullett sign of weakness or sign of strnghth Brian_O I don't follow the Euro that much but where is it in the Daily? Gary_Fullett not on these charts Brian_O I understand that the 240 and 60 are the best charts to trade it on, based on what you've said Gary_Fullett nothing to se there O.I.C. bravo gary ...nice review Gary_Fullett yes sir Brian_O OK, thanks Gary_Fullett Bonds Gary_Fullett what do u se here yoohoo left. Gary_Fullett what do u notice price an d volume Song bc Gary_Fullett and the postion of the market Brian_O increased vol/range at rtl Brian_O w/ lower close Song upthrust Gary_Fullett what does that rtl tell us larryg longet rally since april, very much like beg'g of move, aand highest vol of rally last bar Gary_Fullett reverse trend line Brian_O ob Gary_Fullett yes over bought larryg buying at extreme Gary_Fullett yes larry g Gary_Fullett over bought Gary_Fullett hard to eb long there Gary_Fullett now what does that volume say? Song supply is in Brian_O selling Gary_Fullett yepper Song stopping action larryg combining last 2 bars is huge vol, little progress Gary_Fullett says seelers meetign buyers Ory supply came in Gary_Fullett okay any q? Brian_O that would not be a supply bar by your definition though, right? Brian_O just selling Song so you think es will go up and bond will go down Dmitry Stuffing or potential BC Gary_Fullett needs follow thru Gary_Fullett the voluem ther ebut NOT the price range Gary_Fullett possible sng O.I.C. most excellent gary Gary_Fullett looks that way Gary_Fullett flight to quailty swetz boss man says I am up Song thanks, it makes sense Gary_Fullett now for the better half of the shpw Gary_Fullett any q? Dmitry sng? joe_s s gary swetz to present the last 2 charts Gary_Fullett if not Mr steve s work which it op notch Gary_Fullett song joe_s thanks gary Gary_Fullett possible sing Dmitry Hey Steve! Gary_Fullett ty Brian_O once again, nicely done, thanks Dmitry thank you Gary!!! ! ! Brian_O big shoes Steve :) Ory as always Gary Thanks swetz lol Brian O swetz howdy Dmitry :) swetz okay, lets start with the last chart first swetz the hourly (actually 65 minute) SnP cash chart swetz this chart only shows about 2 1/2 months of action in the SnP swetz but we can see how a market goes from the markup phase to a sideways or TR as distribution unfolds that eventually leads to the markdown phase swetz anyway, I was wanting to focus on how we can use the TREND of the larger timeframe chart to help us find low risk Wyckoff entries on the smaller timeframe chart that are WITH the TREND swetz so if we start with the BREAK UNDER ICE or VERTICAL SUPPLY AREA marked S/D on August 11th swetz we got strong evidence which is seen in REAL-TIME that the uptrend or markup phase has very likely ENDED and a downtrend or markdown phase is very likely beginning swetz so after seeing this bearish action unfold yoohoo joined. swetz Wyckoff teaches us that we should be looking for a WEAK RALLY to TEST the ICE area that was just broken to not only CONFIRM that a downtrend is beginning but to also find a LOW RISK ENTRY to JOIN the DOWNTREND swetz Wyckoff teaches us that one important characteristic of a WEAK RALLY is that it has a difficult time getting above the 1/2 POINT swetz another characteristic of a WEAK RALLY is that the top of the rally FAILS to reach the ICE level that was just broken thereby creating a BEARISH SPACE yoohoo left. yoohoo joined. swetz between the high of the weak rally and the low or support level that was just broken Brian_O did not know that, interesting swetz :) swetz if we look closely at the rally that started from the August 16th low to the August 17th high swetz it rallied to 1100 which was basically the 1/2 point and turned down swetz we are getting evidence right here and now that sellers are the ones in control and not the buyers yoohoo left. yoohoo joined. swetz so for folks that get the Newsletter Ory Steve where are you taking counts swetz on August 17th, Tuesday swetz Ory - could take a PnF count at 1125 if you wanted to Ory great thanks Steve swetz the NL mentioned that a TEST of 1100-1105 area would setup a great shorting opportunity swetz sure enough, the next day, we got that test where I have marked "short A" Ory very well done Steve swetz now the way I like to use the smaller timeframe charts swetz is to FIRST see the Wyckoff story unfold on the larger timeframe chart (hourly in this case) and see evidence of a DOWNTREND (in this case) beginning swetz and then use the 10 minute chart to fine tune my entry swetz so lets for a second go to the 10 minute SPY chart which is chart #6 of 7 swetz we will go back and forth between these 2 charts so you can see how I use multiple timeframes to pinpoint entries with the help of our Wyckoff knowledge and my rules swetz on the 10 minute chart, we can see a little TR on August 17th and 18th swetz and notice that on August 18th when the SnP tested the resistance level established the day before swetz a couple of TRIGGER BARS developed swetz which I have marked swetz the trigger bars showed WIDE SPREAD, a POOR CLOSE, and INCREASED VOLUME swetz and CLOSED BELOW the ranges of a few narrow range bars that preceding the TRIGGER BAR swetz that preceded swetz we are seeing evidence RIGHT NOW swetz that sellers are OVERCOMING the buyers swetz so because we already knew that the hourly trend was turning down swetz this 10 minute chart gave us a WONDERFUL ENTRY to JOIN the DOWNTREND with very LOW RISK swetz like I said this trade scenario was given a day ahead so not hindsight swetz so now lets flip back to the hourly chart Brian_O why no short entry on 8/17? swetz Brian - you could have I suppose but after seeing those 2 wide range up bars on the hourly chart that jumped the 3 day TR from August 11th to 13th, I prefer to wait for a TEST before going short to see that demand has truly dried up Brian_O great thanx, makes sense Ory now thats a good point Steve swetz :) Dmitry Steve, when you use smaller time frame, you enter on springs and upthrusts, right? r joined. swetz Dmitry - yep or sometimes just a TEST of a resistance/support level swetz so we see the reaction from Short A fall to 1064 which puts the SnP in a POTENTIAL SPRING position swetz but THIS IS IMPORTANT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Dmitry good point! swetz POTENTIAL SPRINGS mean NOTHING to me in a DOWNTREND!!!!!!!!!!!!!!!!!!!!!!!! swetz the TREND RULES!!!!!!!!!!!!!!!!!!!! swetz I hear folks say "okay, such and such market has moved into a spring position" Brian_O wow, capital letters and exclamation points :) swetz my reply would be "so what, if the trend is down" Dmitry :) Song but not even for exit? swetz Song - exiting is okay just not entry Brian_O no cob so no exit? yoohoo left. swetz we get a little rally from 1064 Song I think risk control, you can re-entry Song thanks swetz some folks may say "well Steve, the SnP rallied from that spring position so you would have missed the trade swetz :) Song swetz my reply would be "I could careless, I trade with the trend" swetz many rookie traders that so concerned about catching the bottom miss out on a lot of much EASIER trades and more PROITABLE trades WITH the TREND swetz all I am concerned about on the rally from 1064 is where can I short again Dmitry wise point swetz August 23rd gives us another short entry Brian_O great illustration of your point swetz marked Short B on the hourly chart swetz but lets flip to the 10 minute chart to see how we can pinpoint our entry swetz :) Dmitry and Brian swetz I you look closely swetz at the 10 minute chart, I have drawn a horizontal line n A comment that says "wise," and another that says "great!'" OMG!!! swetz lol N n Cheers, my good man... swetz I paid them to say it :) n lol... Dan lol n !!! Brian_O didn't need to go there Dmitry ::laugh swetz lol swetz guess what we see develop on August 23rd swetz an UPTHRUST!!!!!!!!! swetz a will show you a little trick, I learned from David Weis, Linda Raschke, and just reading and rereading the Wyckoff course swetz I will swetz and just thinking about markets instead of counting sheeps swetz sheep :) swetz a trade will TRIGGER swetz without needing the increased volume which I require for a TRIGGER BAR swetz when a wide range bar CLOSES BELOW an strong volume UP BAR very soon swetz I dont think you will see this in any books except maybe if Linda put it in one of hers swetz but if we look closely swetz at the 2nd bar on August 23rd n Score one for mechanical Linda.... swetz lol N swetz we can see that VOLUME INCREASED on an UP BAR that CLOSED at the HIGH swetz in real-time, buyers are in control n A fine detail point made.... Ory didnt know she was swetz but look at what happens 2 bars later swetz we see a DOWN BAR with WIDER SPREAD that the previous bar that CLOSES BELOW that 2nd BAR n Good point. I wondered about that on a few occasions. That clarifies it...Cheers, Linda...Thanks, swetz... Ory definate supply swetz plus this is happening from an UPTHRUST position in an HOURLY DOWNTREND swetz this tells me to SHORT NOW swetz and I do jil left. Ory so it definately confirms swetz if we look at this action from a Wyckoff perspective, think about his PRINCIPLE of EFFORT vs. RESULT swetz the buyers expended a lot of effort on that 2nd bar swetz but by the 4th bar those buyers have NOTHING (no RESULT) to show for their effort swetz now those buyers are in a LOSING POSITION swetz thinking what in the heck just happened swetz all of their effort FAILED to provide any upside result swetz so guess what, we KNOW that the sellers have the upper hand swetz at least for the time being so I join them as well r left. swetz the demand was met by a SUPERIOR force of supply swetz so we get the more downside action which is expected when the sellers have the upper hand swetz so now lets look at the last short setup which actually occurred today swetz so lets flip to the hourly chart one more time swetz the rally that started yesterday met a wall of resistance this morning swetz BEFORE it reached 1064, once again creating BEARISH SPACING Dmitry but bar 4 can also be indication of lack of supply Dmitry isn't it? swetz Dmitry - if you look at that bar on its own, you can certainly say that swetz BUT that would be a mistake swetz we have to look at the Wyckoff story that is unfolding swetz looking at one bar while dismissing the evidence leading up to that bar is a big mistake Dmitry okay swetz when I use TRIGGER bars I dont use them in a vacuum swetz once the story has already been told swetz THEN I look for a trigger to enter the trade swetz trigger bars come LAST in the process NOT first Dmitry right swetz I hope everyone understands :) Dmitry it is a little bit advenced concept :) Dmitry advanced Ory yes Thanks Randy very good detailed explanation of what to look for Steve, excellent! ::up ::beer swetz so this morning we get another short entry as a turning point forms leaving behind BEARISH SPACING with today's high occurring BELOW 1064 Brian_O y swetz Dmitry - I am a redneck so I dont do anything advanced :) n 'cept Wyckoff.... Brian_O uh oh Randy KISS method n Your dates know that, too... swetz this morning, I was actually looking for some strong upside follow-through since yesterday's bar closed in a strong position swetz lol N swetz yes sir Randy swetz but if we look closely at the action this morning swetz we actually see a very minor SOT develop Dmitry ::biggrin Steve swetz see how 1 bar goes up makes very little upside progress, falls back n This could be one of those strong volume ralies that could be overcome soon after as sellers resume control... n Daily vol rally... swetz and then another little rally unfolds but once again can barely trade above the prior little high swetz I have arrows marking these little swing highs that are making less and less upside progress swetz the buyers are having a very difficult time gaining traction swetz and this action is all happening in what position? Brian_O creek swetz an UPTHRUST position swetz yep that too Brian :) n Missionary for the bulls... swetz lol N Brian_O lol swetz so once I see that little pivot low (swing low) right before where I have marked UT Brian_O what would need to happen for you to think absorption? swetz I go short as volume picks up, spread widen, everything I like to see in a TRIGGER swetz Brian - I would have been looking for bars that close at the high AND show upside follow-through Dmitry Steve, on what principle your Exit 1/2 based? n swetz has no principles...only rules.... Brian_O tough crowd swetz Dmitry - on my short-term trades, I begin taking 1/2 profits once my reward equals 2 to 3 times my risk on I see minor climatic action swetz and then just use a trailing stop on the other 1/2 swetz on = or Dmitry trailing stop above major resistance (bases)? Dmitry above major correction swetz Dmitry - for my short-term trades, just the last swing highs/lows Dmitry yes it is what i mean! good swetz :) swetz one last point swetz that was discussed in Gary's trading room today swetz and is VERY IMPORTANT!!!!! swetz in my humble opinion swetz I failed to mark these 2 bars but they occurred at 11:00 CST and 12:00 CST swetz today Dmitry Donald Trump often said -- on my humble opinion :) swetz he also says, I need a comb :) Dmitry :) :) Brian_O YOU'RE FIRED! swetz lol Gary_Fullett lol Dmitry LOL swetz after that wide range down bar after 10:00 CST swetz the SnP traded in a very small TR swetz for a couple of hours swetz the 5th bar and the 11th bar that follow the very wide range down bar swetz are BOTH UP BARS that closed at the high on increased volume swetz I hope you can see them Dmitry yes joe_s y swetz now in real-time, one would expect upside follow-through to unfold very soon swetz but NONE DID swetz I was short during this time and I was thinking "well, it doesn't look like my trade is going to work out" swetz but on each bar where it looked like buyers were going to gain the upper hand swetz they FAILED to take advantage of the situation swetz in Gary's room, after seeing these 2 bars form swetz I made the comment that this LACK of follow-through tells us that sellers remain in control and that lower prices should be coming swetz sure enough, we got them n Another first-rate session, Mr s... Brian_O First time w/ you Steve, very nicely done swetz to me, 2 clues told us that this sideways action was under control by the sellers swetz :) Brian and N swetz the lack of follow-through that we just discussed swetz AND notice that this whole small TR stayed in the LOWER 1/2 of the RANGE of that VERY WIDE RANGE DOWN BAR after 10:00CST Gary_Fullett steve is the best n Brian_O, swetz knows I am not a tough crowd for him...held in v high regard.... joe_s thanks steve very good lessons learned tonight swetz all done :) Gary_Fullett steve is a pure wyckof man too swetz questions, insults Dmitry Great talking! Great talking!!!! Caby left. Gary_Fullett u dont get this anywhere else swetz if insults, I will give you Gary's email address :) Gary_Fullett seriosuly n Thanks for taking the extra time.... Brian_O I'm sure n, just having some fun :) Gary_Fullett 911 mail too warren thanks Gary and Steve Gary_Fullett 911 @msn.com Tommy ty Gary and Steve swetz lol Gary Gary_Fullett the jokes stink joe_s ty gary again Gary_Fullett but we do wyckoff proud i think Dmitry Thanks guys! Amazing! Gary_Fullett ty warren and tommy joe swetz thx for the kind words folks :) Gary_Fullett i apprecite u all being ehre Ory great Stece Gary_Fullett here n Best site for the best cites.... Song thanks both of you Gary_Fullett we are here becaus eof u Gary_Fullett ty all good night ty steve Gary_Fullett amos too but he is weird n true... Gary_Fullett when david weis feels beeter i will invite him swetz lol Brian_O thanx Gary and Steve, good evening joe_s good night all Gary_Fullett good night all ty Song good night Dmitry GN Gary_Fullett left.