 trade what you see with Larry Pezzavento call now toll free at 1-877-927-6648 or internationally at 727-873-7618 now Larry Pezzavento okay looking good Billy Ray feeling good Lewis as I said before there is trouble in the Randolph House folks I'm gonna the houses of Mortimer and Randolph Duke give me one second here I'm gonna get this chart up here just to tell you to be afraid be very afraid what I'm going to do now is I'm going to come up here and show you this chart right here this is the Nasdaq and we'll get it up here and you'll be able to see it without too much trouble I'll walk you through this be happy to throw stones at me if you think I'm crazy but this is the 382 retracement this is a daily chart as you can see all I'm going to show you what we've been here for you know about six or seven days but what I'm going to do now is walk through and show you short term and long term short term this is what's happened you come up and take a look at this we'll be watching it very very closely and there you are you'll see it right there and there's where you are you see these lower tops these last few days you see the 382 retracement yesterday and of course the market was way up here with the Dow Jones and the E-mini S&P not so with the Nasdaq and then if you carried it one step farther I know it's a repeat of my show before but let's look at it again here's where we are this is the I'm going to convert it to the S&P because that's easiest one to see and then we'll do it with the do it with the Nasdaq first because I are S&P first and then the Nasdaq and you'll see that that brings up you know a potential move down into this area which would be bullish because that market is still still very very strong with the Nasdaq you know it's a it's a totally it's a totally different story because you know it's moving down a lot faster and it's also exceeding some of the areas but it's got a chance to make a big ABCD down there and that's the one we have to pay really close attention to and I'm going to show it to you right now you have any questions it's 877-927-6648 and there you are you'll see right to that level right there this is we're trading at 21 excuse me 12,600 and yeah 12,657 right now this number is the key number I don't think it'll be hit today if this gets the day this would be a really bad move to the downside so this is the number that's going to be important because we get below that and you're looking at something more ominous and how can anything be ominous in this well let's think about this a little bit we've had a heck of a move in some of these things and what has you know we had some big moves I mean monster moves when the both by far the biggest you know bull market ever but I want you to take a look at this now this is going back I'm going to talk a little bit of history now because see where we stand here with some of this stuff and you'll remember some of the things we talked about in other markets but going back here you can see this was the COVID episode episode right here we came down to a 78% retracement and then never look back for a year and a half this market went straight up okay then it started to come down and look at this folks we came down all of this way right here and we made a 382 retracement in the NASDAQ I remember this is the technical people and they have all the stuff between your ears you know that makes us things work and it only can make the 382 retracement now remember we made a 78% retracement of the Dow Jones and we made a 61% retracement of the S&P and we didn't even make a 382 retracement of the Russell so it's basically the thing that ran the market the most is now the weakest now to me I don't know I've just thrown that out there it probably rally a thousand points from here maybe two thousand and I wouldn't that wouldn't even surprise me but anyway that's a question that I'm asking myself to see if that is in fact you know what's going on with some of these things okay that's the that's the important thing of you know what we're paying really close attention to here today okay now let's move on to one other thing that I wanted to mention and that is natural gas this is given to us by our good friend Mr. Allen Smith over there in the UK what he does some really great work oh hit the wrong button Larry don't do that that you know people don't want to see pictures of Amazon's buying page okay let's get the there we go now we can get that up right now I've got to get the page here and soon I'll be able to put this in without any trouble we're going to take a look at natural gas because we're getting really close boys and girls now I wanted want you to take a look at this natural gas folks this is a long-term chart you'll notice look at these beautiful patterns that are here look at the big pattern there's your low there's your high there's your low that's a perfect ABCD and it's also known up here as a double top this from this level here of 10 down to 2 that's 80 grand boys and girls you can go out to eat if you make 80 grand in a period of three and a half months you can go to go out to eat probably once a week but look at this you have your top mate you come down you rally up to exactly 61% retracement and then you come down and look at this you've exceeded the 1.618 on the downside that's what we're looking at with the natural gas is we've got something really exciting coming up here folks much like what we had in soybeans last Thursday now let's take a look at that and maybe you can you become a fan or maybe even a dissenter who knows we like everybody everybody's loved here okay now there's where we are we're looking you can see this is the natural gas just you know spread out over the last five six seven days this number right here equates to that number that we were just looking at on the larger chart we're gonna be following that see if we get down to that 206 level by the way if you're interested in intelligent risk speculation we have one from our good wolf trader friend Shane Smollion who does a lot of astrological work he happens to live in Miami Beach or he lives in Miami not in Miami Beach and he said that there's a very strong indication that the Miami Hurricanes because of the astrological chart that they have at the University of Miami are going to be playing pretty good ball and so they are a five to one underdog so if you get up $5 you get $25 back so they're paying you four to one and that's a pretty good bet because they have a good team and that's all you have to do so if you bet $5 you win 25 if you bet 50 like the old cowboy did Johnny said he put his five on it anyway and if it doesn't lose or fit they lose all you have to do is call me and I'll give you Shane Smollion's home number home address and all of his relatives and you can tell him that he was wrong about something hey it's it's something to do folks that's really all it is as you know just like the Kentucky Derby I won the Derby in 87 94 and 2006 and I lost all the other 22 times so 32 times so it's fun that's all I can tell you where I lived in Terre Haute Indiana which is about 100 miles from about yeah about 100 miles from Louisville and we used to go down there to the Derby in college days and in high school days too you can get in for a dollar because it's a fair grounds and we watched the Kentucky Derby went down to see a secretary about that was back in 73 anyway let's take a break here we'll be right back 877-927-6648 currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy Keg stats Tiger Forex report Teddy Keg stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously when you sign up for the Tiger Forex report you also gain instant access to Teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the Tiger Forex report for all the details and to start your 30 day Tiger Forex report subscription today visit the front page of tfnn.com tfnn educating investors tfnn has just launched their new trading room the Tiger Zen hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tiger's Den available to all Tigers and Tigris is for just one dollar for the year there's no catch or added costs when you join our community of traders in the Tiger's Den you can look over the shoulders of Tom O'Brien and the other tfnn hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigris's as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the Tigers Den at discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com are you looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis in our gear to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at tfnn.com tfnn educating investors at 1-877-927-6648 internationally at 727-873-7618 okay we're back folks and we have a caller from Spokane Washington Bob how are you doing today my friend good how are you Larry oh very good what can I do for you pal well I'm I'm longed December corn from 558 and just wondering what your thoughts are here we're approaching some resistance and I was wondering what your thoughts I just as soon hold it till November but well you can certainly do anyway what are your thoughts well it's certainly bullish down there at that 625 level so you've had a good move in it you were in the midst of the planning so there's not too much of a seasonal thing for crop fillers or stuff like that so I think it's a good bet I really do I bought some soybeans a few days ago sold them out a little bit sold them out this morning when they were up about 23 cents and so they've gone up to be 30 cents higher so there's some buying coming in somewhere in these soybeans so they're gonna roll over to the corn too so what I would do if I had that opportunity and the chance I put my stop at breakeven and go to Cabo San Lucas and spend a couple of months just laying in the sun with pina coladas because that's yeah don't like maybe I'll go to Tucson and go to the Guadalajara restaurant come on down love to see you again love to see you again that's for sure yeah anyway it's a warm weather anyway I mean now my secondary question is on the Euro yes struggling with the Euro a little bit here and it would whips all back and forth with it with a 40 to 60 pips stop it doesn't seem like that's quite enough lately what are your thoughts on wider stops it depends on your time frame Bob if you've got a time frame that's based on a four hour or an hourly yeah you could extend it out to five to seven or eight hundred dollars if you wanted to but I do most of the stuff on 30 minute and 15 minute because it's so accurate that it does pretty good like I sold the 382 and it's been against me now so I'm out about $400 but another $200 and I'm gone you know so all I have to do is to wait because we went up exactly to the 61% retracement and believe me the fact that it stayed there all day I couldn't believe it I mean it's just hasn't gone above it but it probably will soon and then I'll be gone but you know I don't really watch it once I once I start to look at it so that's that's pretty much what I'm seeing there my problem is that it seems to move during the night and I like sleeping more than you do so sleeping that's an interesting thing yeah it's way overrated my friend it's way over rated that we have plenty of time to sleep later right later that's correct I you know Bob I've been doing this same sleep pattern since I was about five or six years old even younger than that my mother tells me when I was when I was in the crib I would wake up at 5 36 o'clock and they wouldn't have to come to get me to eat not be in there babbling and you know talking to myself and stuff like that and so and I you know I'm still doing the same thing at 82 so I guess I'm doing something right and I'm just not sleeping in the crib maybe soon but not now thanks for doing all that you do yeah well the second show I got to do this because David was a dear friend and I I just think he's great anyway that's what we're looking at so we'll talk to you soon okay my friend okay very good Larry you bet bye bye okay folks we got the natural gas is moving down for some reason oh that's what I put that in there let's get me let's get the natural gas up again and we will take a quick look at this and this because we're waiting for this pattern let's look at it together this is what I what I do so we want to just see if we can do it together here anyway we got to do is find the natural gas there it is and hold on I just want to convert it over to the daily so we can see it clearly enough if you're lucky enough to get through folks it's 877-927-6648 and we want to go down to our 4R because that's what we're waiting for we're getting really close folks you might even hit it today okay let's get up here there we go let's try it now and see if we can get this set up so we can take a look at it someone asked me am I short the natural gas folks you know I look at a lot of things and I try to pick the ones that are these is this was certainly an easy one but just can't do everything as long beans long hogs got out of those and we've been short the euro short stocks since yesterday we're out of bonds the long bond so that's basically it but let's take a look here it's I don't know why it keeps beeping so bear with me here there's several things beeping so bear with me here for just a second there it is I know why we're getting getting down really close to it we're only actually we're only 11 points away wait let's turn it off come on what's going on here I hope that stops it anyway let's get back to talking about this and hopefully we'll have something in the screen that we can see nope just a minute I got a problem hold on troubled in River City boys and girls give me one second just give me one second and we will get this up here so we can see it looks like I'm gonna have to put an order in on that natural gas because it's getting down there all righty let's let's put it into the file and we'll move it over and we'll take a look at it this is what I'm doing now we're talking to you and I hear the bell ring Muhammad Ali has just come out of the corner for a fight and we have Marion from New York in timeframes of the S&P what can I do for you Marion hi Larry how are you this is Maria from the Den how are you very good that's good it's good to see I'm glad you called in and call in as often as you can I like to talk to the folks yeah it's so difficult to get through because so many people coding today are you kidding me one guy got through this morning and there was almost a record what can I do for you so I hope everything is fine but thank you very much for your help and for the extra hours that you're giving us I have a question for example if you have if you see a pattern for example for on the 30 minutes and it completes do you take and you think that for example that you and you are pretty buried the market but if you see that he has completed on the 30 minutes do take all your chips away and then you wait for a retracement or do you take partial profits and let it run for example here I had like this button that eventually the from 40 40 or 40 37 yesterday we could go to 39 85 to 39 75 on the yes and we got there right so do you take everything out or do you take partial because you think it you still have a bit more use to be further down here's the answer to the question and I feel very strongly about this answer okay that is if you put the chart if you put your trade on on a half hour chart okay trade that half hour chart don't go switching over to the hour or you're the daily or the weekly stay with that 30 minute or 15 minute whatever you're doing do it on that chart don't go jumping around because that's where you get you see how that you had to answer three different questions when you when you move to another chart see so it's a totally different pattern so if you're doing a 30 minute pattern trade the 30 minute and you're gonna be far better off than if you switch over to a daily or something thank you so much very how we do on you bet that $20 will be in the mail Mary and thank you so much for calling you all right I'm gonna pay a few bills here for TF and infos 877-927-6648 if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every Monday morning I published a gold report with coverage of gold silver bonds the XAU HUI GDX as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious tech either tfnn airs live financial content streamed live on tfnn.com and tfnn's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be tfnn educating investors are you looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis in our gear to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com tfnn educating investors this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com okay we're back folks and I posted a chart of my artificial intelligence program the AI that shows roughly idea what the guess is on the S&P and this happens to be it you notice here in about 15 minutes this thing is supposed to start to rally now remember this is related to time it doesn't mean that it's going to go up this one went down during that time but it doesn't tell you that it was going to go there they just put this ahead you have this red line all day long but it doesn't say that if you start going up this red line is wrong so you're right here right now now in 15 minutes if this is making a high this is not a good sign because that means that would be in getting ready to flip or invert and then you'll be able to do it this really simple you can do it by hand you won't get the statistics that are available with the computer and stuff but if you go back and look at what really happens in the market this is a big revelation to me what happens on Wednesday go back and look at the times that happened on Monday they'll be really close in other words the market skips a beat just like a heartbeat Monday to Wednesday Wednesday to Friday Friday to Tuesday you got to skip those days and you'll be really surprised how often you're going to be able to pick highs and lows and we looked a lot of different things folks we went through two MIPS computers these were really fast things from I think we bought it from Hewlett Packard they were six grand a piece back in the early late 80s early 90s 20 minute and I bought 20 minute and I bought a computer together we were trading at Conti and one of these what was the name of that company to put it together anyway oh gosh but you had to build it an engineer built it for us we're in about 2500 and it calculated Fibonacci numbers for us automatically and stuff but anyway we want to watch this because in this next 15 minutes that's going to give us an idea because we could easily hit this and rally for the rest of the day because the market is not down that far it's come back a little bit you were up again about 40 points or so from that so it's it's not too bad you know it's not a not as bad as it could be better than it might be that's all we're looking at okay anyway how much of the S&P rallying about five points and there's very little rally going on right now but we'll see you know how the darn thing ends up here okay now let's move on here and we'll do this we'll do this together and see if it's going to come you have any questions you know that'll be fine but I'll do some other things as we're waiting for the market to move I want to get this out of the way and put it up so that I can keep an eye on it and we'll just move it over here because we're starting to move down just a little bit now and then we'll see what happens now let's go into some of the mistakes I make as a trader okay and if you belong to the 24 7 you're going to be aware of this because I I spent quite oh did I take that out already shut the front no I didn't it's right here okay here's where we are we bought these soybeans here last Thursday into the report okay and the report came out it was slightly bearish it went down we were able to get our buy-in it missed our sell stop buy about there's where the report was we had our buy-in here we had bought it right there we almost got stopped out for $300 loss and today we were coming in we now had a 60 cent profit in this setting up here at this level where we had a 382 of the contract high in five days and we were at a 61% retrace from the high that we made five days ago so I said you have a choice here I said you either get out or you use a trailing stop and I told him I'm gonna get out I'm gonna book it and so I did and guess what the market went up another six cents hey maybe it goes up another 30 cents do I care no I move on to the next trade and don't worry about it you got to shake it off the you remember remember the guy who I'm replacing now David White I should say this this is the sell when you want to not when you have to what a great what a great saying that is because you folks you hardly ever ever gonna get the high tick or the low-tech get get used to that thought because it's not important it's what you make in the middle Roger Babbitt who was one of the which could rip Roger Rabbit stop it Larry Roger Babson who was a great speculator and a big fan of Isaac Newton made fortunes in the stock market and one of his sayings just like the saying with JP Morgan and also his very good friend oh what was this thought guy's name I'll think over the second I know so many people I can lose track of all of them but I didn't know these guys but there were their sayings what was important he made most of his money Roger Babson was one and JP Morgan was the other and the third one was right on the tip of my tongue and I'll remember it in just a second here but they said he made all of his money between the two-thirds of the time that the low was made and the high was made he wasn't interested in the low he wasn't interested in the high he was interested in the part in the middle so very very interesting I want to share with you what I think is a really important pattern that was a failure pattern that turned out to be an absolute monster to the upside I want to bring that to your attention because it's it's something that when you see these you got to remember that when they do happen that that you're able to come in and say you just have to get in and buy it because it it looks so very very interesting so give me one second here and I will find did I oh I delete so many things and I've got it I think I covered the stuff with the what with the NASDAQ I showed you I did that because that's so very very important and I the chart is so power you know what I can do I get reconstructed folks hold on time out let's take a take a break here because we've got a few minutes here before the stock market's supposed to bottom and then we'll see let's move over for just a little bit and where is that crude oil at it's got to be here somewhere okay here it is this was the pattern on Sunday that was a real big one and and I actually I didn't I didn't take advantage of it folks it was real it was not not a happy day because I missed it and that was the real thing where is that is that an hourly chart yeah there it is this is what I want right here okay all right let's get this up here and take a quick look at it so we can see it here okay folks this is the car of crude oil Sunday night right here we were sitting right at that 61% retracement okay and I went short over the weekend excuse me right on the weekend so I hope it opened a little bit higher about 60 points against me I'm sure okay so it comes down and fills this little gap in here and then doesn't go anywhere and I'm short and I say hey this doesn't look really very various because it's not going down so I said I'll cover it the trade of the day was to reverse your position go long because look what happened see as soon as you went above that secondary high right here there your your risk factor now becomes this low right here and that's when you bought it that was a $3 move folks with virtually no witness of a possible loss and those are the kind that you like to see now someone's going to ask me the question what is the ABCD on this pattern say and it says that we're going to $7450 to $75 a barrel we're now trading at $7305 so it's looking pretty good as they say in a trade so let's remind ourselves of that okay now we'll keep moving here to see what's going on we we're still about 15 minutes away boys and girls we're gonna find out soon whether we're gonna get a rally moving and believe me this thing's wrong about 2 3rd of the time so you've only got odds in your favor about 62% so I'm going to put some limit winders here to see what direction I think we're gonna be going because here I just want to show you what I'm gonna be here in just a second so I can you can see how I do this okay there we go when we come back the mystery will be solved we'll be right back sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 7 newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 7 newsletter today TFNN.com educating investors are China a shares hot or not if you trade China a shares now may be time to take a closer look trade CHAU or CHAD directions daily CSI 300 China a share bull and bear ETFs China a shares in either direction visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 8664767523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ okay folks we're back and I'm going to post the chart that I'm currently looking at to tell me whether we're going to be going up or down always an interesting thing what I'm going to do now I'm going to be showing you the in fact it looks like we're completing a small ABCD pattern here remember this is micro trading folks I don't do this very often but since no one calls in I try to you know give them some ideas but you can see here this is the S&P on the two-minute chart over the last hour so you can see we're making an ABCD pattern the problem is if it's making it exactly here in about 10 minutes up around 1992 I believe that's where we're in 1992 then this would be flipping over that would be very negative to the market however it comes down to this point in the next 15 minutes then we know something remember this has been going on for a long time the last part of the day is the least important and I've said this many times all you have to do to find these times is to skip a day do it on any market you want look at the market on Monday write the key times that it changed and then when you're trading on Wednesday watch for those key times to pop up free information sometimes it works sometimes it doesn't but it's better than a roll of the dice a pull of a slot machine a toss of a card or the flip of the card or stuff like that that's it I said something on the earlier stowe you know you have a caveat quail a herd of cattle a flock of sheep do you know what they call black swans when they're together a bank now how could anybody make that up isn't that amazing because I think that's where the real problems are in the market because the banking segment is so so very very oversold and will not bounce even on days like we had earlier today with the market had a big run then yeah that was a big deal but until that happens we'll be able to see we're almost up this is the one I want to show you here we're almost up to this level here in the S&P you'll be able to see it now I hope I'm going to put it in the file so that I know it'll go through and then we'll take a look at this is exactly what I'm looking at it's did the S&P's rally oh 1050 well seven eight points but this is micro trading but micro trading is my name hold on just a second no that's not true either now we're dead thing go I got so many of these there it is I just have to quickly look at him and you'll see here's where we are all right get this up here okay any questions 877-927-6648 okay now there the market you see the market is not going down like it was here see it flipped here the very first time to say hey get aware of that then so if you flip that over from right there where is where it happened it's making a high in here instead of a low you see it's making a high here was the first time to skip the beat there's a second time so if you flip that inverted it you'd see that oh wow that's doing what it's supposed to be doing so what we're gonna do now just for kicks and giggles only because you've been so kind and we don't have anybody calling in I want to get this up here and take a look to show you what I'm looking at and by golly you'll be able to see all I'm gonna do now folks is I am going to invert it just one second here so you'll be able to see this easy enough hold on right here okay alright and all I got to do now is to go here and turn it upside down and then we'll be in business okay might not work at all but you know sometimes they work sometimes they don't that's all you can say okay and this here we go we're running okay okay let's get this up here alrighty let's move here and now all I did was take that red line and I flipped it upside down see this right here you see that right there that's when it first started to invert and here's the second time this means that this is a this should be an ending rally right here so that's something to pay attention to I don't know how this is gonna go you know it might make a 61% retracement of the whole run that's not too bad but that would be making a high here and not a low if that's correct and that's where the problem lies okay so we're gonna see I have to figure out what the ratios are to the upside but the highest level we're looking at here from the last run would come in right around 390 3996 and we have a winner on the price is right we'll be right with you just one second soon as I can cat it up we've got oh we've got Jerome back from Cal is this a different Jerome yeah this is your home from California you didn't call in before did you oh yeah a couple times we had that wonderful lunch together that say oh gosh yes I know you but I had oh you know what I messed up the guy's name was Jeremiah not Jerome sure of course we just had lunch together at the at a Varvaches effect I'm going there for lunch today what can I do for you my friend so I was wondering if you might do a show sometime on harmonic numbers the best way to use them what they extend and contract and how how we might find them favorable to use yeah you bet I went up even I'll try to get 20 men on the line and see if he'd throw in some stuff but he's he's a recluse he doesn't like to public eye so I'll do the harmonic numbers tomorrow on the second show how's that wonderful yep and how I found him and how we got to him how you can do it yourself it's that's a good the best thing for that is it gives you risk management so that's the main thing to be watching so hey listen thanks for calling in I remember enjoying sitting there with you and your wife and it was really very lovely I think that's about the third time we've had lunch isn't it yes well come down anytime my friend we appreciate it all right looking for you doing that yes thank you for calling in Jerome you bet okay folks we're reaching the key time here now and we if we're any good we're gonna just blast off to the upside we get above 1996 that means this is a major low down in here and that's the way it is but right now that's going to be there what I'll be looking at now is the fact that we are sitting right at a level that's going to be really really interesting to work with here so that's the main thing to remember it's a very very interesting spot or 350 okay we're hanging in there all right with that one hold on one second I want to make sure that I I got all these things lined up here because I've got a bunch of positions on that I want to keep working on so that's the main thing that I want to look at there we have it there 25 okay I think I'm almost ready give me one thing to do here and then I will be right back with you here hold on one second I've got to get in here and let's just leave it like it is I think we'll be okay well never know never know just got to be careful here got another caller coming in shut the front door and raise the rent that's that's a toughie hold on here that there's where we are oh shucks hold on just a minute here stay with me boys and girls I'll be right with you I've got I got a little mix up here on the old tote board I want to see for sure that we can get this in here without too much trouble here I'm coming mother just a minute just a minute just a minute I don't don't want to go nuts on me or anything so hold on we'll be right back here 877-927-6648 sorry folks if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30-day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN.com TFNN educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at TFNN.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up-down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day first-time subscribers also get a 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signing up subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors TFNN has launched the Tiger's Den hosted at Discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the Tiger's Den available to all Tigers and Tigris' for just $1 for the year there's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN.com catch Tom O'Brien professional trader and educator founder of TFNN also a special guest on CNBC Tom will bisect and dissect the markets the Tom O'Brien show next on TFNN it must be Christmas Day folks because I have a present for you we're gonna unwrap it now and talk to Mr. T from Houston Texas Al how you doing today my friend Merry Christmas Merry Christmas to you buddy what can I do for you I'm a goodness what a wild new years yeah we had a pretty good year we've been lucky anyway my friend what are you looking at yeah I'm going back to a Bitcoin that's been kind of hitting a pop sort of yes it is I know our good friend Shane is utilizing Bitcoin with gold as inverses but I'm just trying to figure out we're in this Bitcoin heading to you know no bottom yeah we've had a major 382 retracement here we've talked about it several times and put in the newsletter but 28,400 it's been there like six or seven times over the last six or seven days they can't get through if we ever get a close above 29,400 or something like that then it's a breakout to the upside but right now it looks like an ABCD pattern right at a 382 of a previous high I wouldn't touch it it just not just not worth it so stay away from it it's just not it's very risky right here waiting by a pullback you know or if it does break out it'll give you a chance but you know right now it just right out of 382 in fact it's been selling off a little bit which tells you maybe that 28,400 is correct but if we close above 28,400 that would be a very positive thing for the blockchain stuff but I don't trade those I just watch them yeah it's been a yeah I got out of it a while back and I just wasn't sure what to do I'm just dealing with I mean I've been doing fine with gold and I just picked some profits and I'm looking at that ng right now again but boy that thing is a widowmaker for sure yeah look at it around 203 Al look at it 203 only about 12 points away now okay probably tomorrow yes sir all right all right buddy thanks for calling in folks we'll see you tomorrow folks 877-927-6648 live every day in an attitude of gratitude and may god bless