 is a presentation of TFNN. Trade, what you see with Larry Pezzavento. All now, toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, folks, I want to talk a little bit about the silver chart. I posted it on the top of the hour. This is an hourly chart on silver going back the last couple of weeks, but I want you to notice you can see the 3-8-2 retracements. You'll see them marked there in a little red box, and I'm going to have to re-put it up there because I have two charts at once, and I don't want to see that happen anymore. Here we go. Sorry, folks, a little bit of technical difficulties are upon us. And here is the silver chart. This is what you see here. You can see the 3-8-2 retracements through here, and two of them here, doubled up here. There's your double bottom. Look at this, folks. This is on. This just don't see this for a minute. This is not even anything like this. This is just so many days in a row in this 50-cent range. I don't know what's happened. Let me try to do it again, folks. See if this helps. I'm sorry. I'm not that sorry, but I just want to try to get it up here. Anyway, you'll see here that we did have a 3-8-2 retracement here a few days ago, and we've been going sideways. Now, if this is really good, this is important, because when these patterns fail, they're worth a fortune. If we go, we went above it a little bit, but we haven't backed off at all. So as soon as we clear this next number right here, which is up about 30 or 40 cents, this thing should be off to the races. And don't be surprised if you see something like this. Our friends in the coin business tell us it's impossible to get silver rounds. These are these little round of stamped coins or tokens. Some of them say United States of America, even though they're not U.S. coins, but they're like silver dollars. They have, you know, one ounce of silver. What is it? 78 proof? 76 proof, I think, is whatever it is. Anyway, but that's what you're looking at here when you see this thing breaking out to the upside. So that's very, very important to watch this pattern. Gold pattern is absolutely different. We had a huge break in the gold, huge break in platinum. Silver didn't even budge. And if you're short in a market that won't go down like that, just be really careful. Now, it might turn out to be something really good, because if we get above here and then take this out, oh my goodness, that's really big trouble. So you get below this level right here. Everybody that bought this over the past six days is now underwater. And that's when the old life preserver comes in, also known as a protective stop to keep you from losing your bacon and the eggs and the toast and whatever else you have with breakfast, because that's what it could be. So now we're going to talk about one other one here, because we have a trade that we've been talking about here in, oh dear, where did I put it? I know I got it in here. Shut the front door and raise the rent. I know, oh dear, no, no, no, no, don't do this to me. Where is it? I just had it up here. Oh, shucks. Where is the hog trade? Got it. This isn't it. No. Hold on just a minute. I have it here somewhere. Ah, God, God, this is frustrating as heck. I don't know what happened to the darn thing. Boy, oh boy, I'm going to bring it up at the break. You know what? I can do it right now. Since we've got the time to do this, I'm going to do it right now. So give me a second. It only takes me a few seconds to get up here to pull the hogs up, and we should be fine. It's important because it's a major pattern. It's a big market. You know, it's got a lot of people that trade this, and boy, it has been hit really hard recently because no one's been buying pork, and that's the old segment of what's happening with these markets. So let's get up here. OK, because yesterday it was up about a point and a half, and everybody that belonged to the 24-7, oh, we've missed it. We've missed it. And I said, no, no, no. I said, be patient, be patient, my fair, fair, feathered friends. Here's what we're looking at right now in the hog, so we can get it up here. I don't know what happened to the darn thing. It was on the program, and I had it plugged in, and it didn't do it. OK, so here's what we... Yesterday, we had a really strong rally getting us back to this level right here, and now we're down 2 cents. Now, folks, we're only 2 cents away from what I think would be a major bottom. This is a 1.618 expansion right here. OK, you have a beautiful butterfly pattern forming right in here. So you've got everything you need. You've got multiple A-B-C-D patterns forming right in here. Another one right there, A-B-C-D, coming in here at about 85. So I'm going to be buying hogs tomorrow. Can't buy them today, because that would be more than limit down, and I'll have to be at risk about 2 cents on them, but if it's right, it's going to have at least an 8 to 10-cent rally. So you've got a 4 to 1 risk-reward ratio with a probability of working a better than 7 out of 10. That's the ideal situation. No different if you took this right here and turned it upside down. That's the same pattern. This is spread out, but it's the same pattern. The same type of pattern that you're looking at here, that you're looking at here. This is condensed. This one's spread out more. Everything goes back to A-B-C-D. That's what you're looking at when you're watching these things unfold. Each one of them is separate. Each one of them is a little different, but they all have the same structure, right out from Benoit Mandelbrot fractal analysis. That's where it comes from, and that's what you're looking for to see if these things unfold the way you like to them to do. But they don't always work. We know that for a fact, don't we? But we do one at a time. That's all we can do. So that's the one we're going to be paying very, very close attention to tonight and tomorrow. I'll leave it up to you to follow through to see what it does or not. And then we'll be, of course, following through what we have here in the stock market today because we're up against some important numbers here in the Dow Jones and in the S&P and the Russell and the Nasdaq and all four of those indices are all in there. Of course, the Nasdaq is lagging badly. It just has no power at all to get back. It can't even get back to the 61% retracement that it made yesterday and then down today and then been rallying back but can't even get back to those highs of 618 anymore. It might later in the day when the Dow pops up above the numbers and stuff but until that happens it looks like that it's going to be a little weaker. You want to buy the strongest? Sell the weakest. Put the odds in your favor of what you're going to be looking at as you do that. If you have any questions, folks, it's 877-927-6648. I wanted to mention a couple things. I follow the Elliott Wave stuff just because of the things that they talk about and I wanted to review these because these are from a long time ago. It's actually two years ago in March and of course the market topped much later than this but these were some of the things that were happening at that time. I want to get this up here to show you now that's one of the reasons why that top was made in January of 22. Of course this was 21. It just kept going and going and going. You don't know whether that's going to stop it or not. It's just a what do you call a parabolic move. You can't do anything about that so you just move on to the next one. There were several of those that were like that. This was one that was really interesting which was the insider buying. Now I bring this to your attention because you don't know what that top is. What you have to do if you're a trader, you have to go to your charts and determine is this an ABCD extension? Is it a 1.618? Then you have something to work on. That's what I'm trying to do now is flip this upside down and look at this 1.618 in the hog market to see if I can become a hog farmer for $800. That's all I want to do. I don't want to get out there at those pigs. I grew up on a farm. Believe me, they weren't fed. I don't even tell you what they were fed. 877-976648. We'll be right back. 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 Kegstad's Tiger Forex Report. Teddy Kegstad 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 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's 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's Den, hosted at Discord. 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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 market's open. To give you the competitive informational edge you need to succeed, these newsletters are packed full of Tom's advanced technical analysis and are geared 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 for 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, educating investors. Free at 1-877-927-6648 internationally at 727-873-7618. Okay, folks, I'm going to put up the chart here of Apple, which you can see here. Now, this is potentially extremely bullish, folks. You can see the 1-3-5 pattern. It's absolutely perfect there at 165. The actual high was 166. These ratios were pretty much spot-on. The time between 1-3 and 5 exactly equal. But look at this, folks. This thing is only backed off, not even five points. Well, exactly five points is always backed off. Look what happened here. Look what happened here. This could be extremely bullish. If this thing closes above 166, you could be looking at a high way up here at 1-8190 very, very quickly. Now, people say, well, how can that happen with Apple moving things around and stopping artificial intelligence or whatever the stuff they're doing? By the way, I don't know if anybody saw Bloomberg or CNBC today. When they had the guy that was in charge of the artificial intelligence for Microsoft, folks, that was flat out scary. That guy, I'm sure his IQ is up into the stratosphere, someone should have got him a clean shirt and have him take a bath because boy, oh boy, was he unkept. I think Sir Eisen was laughing because I know what he looked like. But he's a genius and that's how geniuses act sometimes. That's why I have a clean shirt on today, folks, because I'm not a genius. Okay, that's Apple. We're going to look at a couple others that help determine what the market's doing some of the time. We've just made a new high in the Dow Jones and now we're above the old number here by another 5 or 10 points so we'll see here what's going on. Hold on now a second. Let's move this over. I want to get this so we can see a couple of stocks that I want you to see. Here's one very important to the banking index, folks. This is our good friend, the old investment banking, Goldman Sachs, Miller Friedman and Pierce. Anyway, this is Goldman Sachs. We've had that 3-8-2 retracement here. We've backed off very, very slightly. It's basically up a little bit today, but this market did not collapse. It stopped at the 78% level right in here. This is not a 1-3-5 pattern and the reason why there's no symmetry. In other words, there's not a good cycle in here that you can lock that up that make it pretty easily to look at as opposed to what we were looking at yesterday in the gold market. I want to get this up here to show you the big difference because these are the ones that determine which pattern you're looking at. There's the pattern in the gold market. There's your 1-3-5 pattern. There's one right here. There's three coming into the 61% retracement. There it is again at the 61% retracement and it's also at the 50% retracement of this whole move from right here to right there. There it is and now we're trading up into this zone right here up around 222. It's one of my favorite numbers. Anyway, so that's what we're paying attention to on some of these other stocks but I wanted to give an idea on a couple of others because they're interesting to see them unfold. One of them this bank has no friends it hardly ever has but let's take a look at it. We made this beautiful Gartley up into this area. There's a 382 retracement here. There's where the banking crisis for the regional banks occurred and bang down we went. We made a low down in here. We had this little tiny rally that couldn't even make a 382. Boy, if that's not telling you that something's not right in Denmark or San Francisco where their bank is, that to me is extremely negative. It's just not believing that this banking crisis is over. The stock market's doing okay. We got the S&P up. We got the Dow Jones up. We got the Nasdaq not up yet but the others are hanging. Maybe the Nasdaq is. Maybe it turned all the way around. Nope, Nasdaq is the only one down and the S&P is up about 12. The Nasdaq's down about 40. The Nasdaq's down about 80. The high's been 33936. That number, remember, on the 786 retracement was 33900 so are five PIPs above that right now whether that means anything or not we won't know for the next hour or so but that's what's going on. Here's a bank that is really well run. This is one of my favorite banks. It's not in my state here but you'll be able to see Andrew Mellon was the founder of this. It's had a big move up. You can see the big ABCD pattern to the upside. We pull back just a little below the 61% retracement of this level right here. We make the 382 retracement into it and here again it's still not blasting off to the upside. Time out. As you know the first day of spring passed is a couple weeks ago on the 21st and the Palo Verde trees have started to attack. I've got a new medicine that's sort of helping but today it's very hot here. It's 97 today. This is the hottest day on this date on the 11th of April. The hottest date since 1895 here in Tucson. We're going to get 100, not this week but next week and they have a big contest here and some money and stuff but I don't enter those things because I have no interest and anyway my interest is in what's going to happen next with the stock market not other things like that. I don't want to bring this up because I should bring this up because this was actually hilarious. This is that Silicon Valley bank this is the chart folks $700 last year in November. Now look at this market come down folks. Do you think somewhere somewhere in here someone would have had a question maybe this bank is not really as well run as we thought. To me that would be right here. You see that retracement right here after the big break. Once we went through that then the rest of it it's just been nothing from the last 3-8-2 here and then finally you have the last 3-8-2 here and then you see here this is when it went tapioca and was no longer but from $700 to zero the 16th largest bank in the country and our stocks are still up. Boy that's saying something for the Federal Reserve folks because they calm the panic and by golly it's working so far. So let's remind ourselves not what you lose it's not what you make it's how much money you watch your losses that's the main thing that you want to pay attention to. Now here is the most well run of all the banks and it shows it in the price of the stocks this is nothing more than Jamie Diamonds get this up here this is JP Morgan and as you can see here it stops right on the money right at the 50% level it can't even make a 61% retracement of that move back to the 382 and it still has not exceeded that rally and this is the best bank it must be because look at it it's had the best thing that you can possibly get for making it look at this beautiful three drive to a bottom pattern right here drive one, drive two, drive three that's what we're looking at in that hog market I don't know if hogs are going to be related to JP Morgan or not but this is still the best run bank now if this market starts to gap up and run that's probably going to pull the other banks up with it maybe get the stock market moving to much much higher level so we're going to be paying very very close attention to those as we look at these things unfold here during the day and I think there's one more that I wanted to show you I think am I going to have time to do it nope we'll do it when we come back and break 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 metals 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 publish the 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 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 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 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 thinkorswim for more information just click the thinkorswim banner on the front page of tfnn.com ok folks I posted the chart of the regional bank this is the one that Jim Bartley only told us about back on february 6 having the big break now it doesn't show any signs of wanting to burrally here making lower lows there's no volume coming in this is not a sign of a market that's making any kind of a bottom we're almost at a three drive to a bottom pattern here if it makes one other bottom but you know maybe I don't know I'm just looking at the banking stocks nobody has an interest in them yet you think if they were good value people would be starting to pick them up they're down anywhere from 100% to 30% on these and yet there doesn't seem to be a lot of people buying as you're watching these things so let's see what we just made a new high in the S&P so that ends that one boys and girls this thing is never going to go down this is it it's all over anyway let's move over here remember the number in the Dow Jones folks is 33,930 we just matched it to 33,944 I hear the beeper going off right now so it's now actually 10 pips above the 38% retracement of the high made several months ago back in that was January so we'll see where it's going to end from here but we are moving higher the S&P just took out the days high at 150,50 41,50 so that's telling you the market's probably going to close strong here with another hour and a half to go but we'll see how that works on this one the way I handle this folks I was looking at that trade earlier this morning and I got in it right at the first high that it made it dropped about 100 points and then when it got back to that 39,30 in the Dow Jones I sold the Dow Jones at 39,30 and I'm only risking 100 pips on that I'm only risking if it goes to 39,80 I'm out of there and let's try it again 40,30 if it gets it there at 40,30 I'm not going to be out of it I'm only going to risk one point in that because I don't want to risk any more than that had a good day in gold and a really good day in the treasury bonds and a pretty good day had a better day in the beans because I sold some up there at the 50% level last night because they couldn't get through but I kept most of it so that's going to be a break even trade but other than that it's been a pretty good the bond is the British pound has been pretty good too the bonds have been good but not a bad day just because you have a losing trade it's not a bad thing that you just go on and do the next trade that's all you can do so nothing more or nothing less hold on just a minute someone's asking me if I'm still live I'm not sure that but I am Memorex that's it Memorex I don't know if you guys remember that but when I first bought my first home in California I bought convertible bonds from Memorex with John Rafoni was my broker and I used that in collateral to buy the house that I bought had to put $1,500 on the house and I made money in those convertible bonds and that paid for that house in just about a year boy those are back in the good old days I can't believe I've been doing this this long folks and still loving it as much as I do I mean I'm just really really lucky now we've had a request from someone and let's get it up here and talk about it and that is the gasoline contract because we're reaching some areas of gasoline prices and going skyrocketing here in Tucson here in the Pueblo regular glass has hit 420 we were just at 3209 just about a month or so ago you can see down in this area here now we're approaching three drives to a top pattern up in here remember now crude oil and heating oil are lagging badly compared to the gasoline it's a really strong seasonal because people driving their cars you know with the ice melting and stuff like that so that's why you have that real strong seasonal occurring here in gasoline and we're going to get to that level pretty soon there's also another trade that I want to point out to you because those of you that like having a little bit of meat I want to share with you oh dear where happened to my cattle where is my cattle chart here we go this is it this is June cattle they're not there yet folks but they're going to get there let's get this up here and take a look at it this is going to be a beauty very low risk when you get to that point you'll see you have this really nice expanding ABCD three drive to a top pattern this is known as a reverse point wave that's one two three four five a reverse point wave it was called an expanding triangle by H.M. Gartley called it a T6 it was one of the patterns that Andrew Lowe analyzed and they really liked that pattern and if you get to that level right there it's only about three cents away because we're up a little higher we get to this level right here you get to that one point six one eight who could be very interesting very interesting if you can get the cattle up into that level look what a beautiful buy they were right here right at the seventy eight percent level from this right here it had a stretch of nine days up before it had any type of correction and the correction was just barely three eight two that's really bullish action folks very very bullish action so let's remind ourselves of that okay very very important at least to me it is I like trading cattle about four or five times a year this is one of those times and of course we have another one here that's gone through the roof and that is our sugar the sweet this thing just kept going folks it went past the one point six one eight by about three cents we stopped here but it never never showed any sign of backing off I mean there was no doji or anything right here just kept going up and up and up and that's where you don't want to catch a falling knife here's one look at this this is this is the same as the cattle look at this there's one two three four five five wave expanding triangle it backs off to the three eight two and womb the way it goes and this is this is going to be really interesting up in here folks because sugar hasn't been this high for four years and how do I know that when I first met Simon Lee sugar was trading at twenty five cents this was four and a half years ago of course he was he was really he was really big into commercial stuff because he managed two hundred and fifty farms he now runs the Farm Bureau program for farmers and that's huge he's very busy now but sugar was a twenty five cents a pound it was at a Gartley on the weekly basis at twenty five cents a pound had a three drive to a top pattern had everything that was necessary there and I couldn't get him to sell the sugar and I said sell one contract and he says it'll never go down I said well if one will go down that'll mean that more than one contract could go down and he sold it next day it broke almost limit down and then he hedged his crop and silver went from twenty five to twelve and so he became a fan of pattern recognition after that with the the fundamentals were so bullish there was no chance sugar could ever go down but guess what boys and girls it did and it's still going down so it's up now it's having one heck of a big rally so those are few of the things that we're looking at here today so those are the main things that we're watching here so let's keep a close eye on what we're seeing here and we did make a new high by how much in that S&P not enough to nope not too much made a high by one point but this still early we got another hour and fifteen minutes to go I'm keeping a close eye on the soybeans folks because I'm really bullish soybeans and I've got to go into this report here tomorrow and I am not going to go in without a if I have to have a huge lead at least twenty cents and I had that lead last night but guess what they took it all away from me today and so now I have to decide what I'm going to do just one second because they've already closed all I want to do now is to see what I'm looking at coming in here see we close we close ten cents above our stop so we're in good shape maybe we'll see still there's still a prayer for us seven nine two seven six six four eight 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 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traders and active investors distributor for 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 we are going to be talking about the soybean market I just posted the soybean oh I hope I did please tell me I did because you'll see oh the wrong one bear with me here second folks and someone's asked a question about something else that I wanted to answer but first let me get the soybean thing up here the soybean market actually reversed here a little bit now this is I keep my stop in I'll tell you why because we're going to be we're wrong here a lot of time so by the way my one point stop on that thing at thirty nine thirty was at one forty thirty thirty thirty thirty four thousand and thirty would be my stop on the Dow Jones anyway as you can see here we in the last fifteen minutes the market jumped up about a nickel so we closed at four seventy one so I've got a ten cent now anything can happen overnight my stop is going to be a break even no matter what I don't want that to go to a loss for two reasons one I had a profit at one time and if it goes to a loss I'm going to be angry with myself I don't care if I miss this this is not important but after you've had a profit and and that's a substantial profit because I was only risking five hundred I made twice that but I'd elected not to take that profit it was available today I know some people probably did I took a small profit and then I I wrote it down from here I got out of some of it and I got out put it back in at the sixty one percent retracement net change of about but that's what I was watching I'm aware of this because if this fails we're going to be looking at a possible ABCD that I can buy this you know down here I can become a farmer down here and that that's that's what I if that happens I'll be I'll be willing to do that see this is not this is not a dynamite triangle type move it's a dynamite triangle but in the wrong way see that the rally back only made a fifty percent offer this number right back here and sixty one percent of this number right here that's where I said oh dear and the harmonic number in beans is eighteen cents and they're up twenty cents well that's where it all fits in so I said we got to take a little bit off but that's neither here nor there we do one at a time not all of them work but when they do work they work pretty good so let's take a look at another chart that someone's asking us about and that is about the old plutonium here because last week we were looking at this for a potential for a correction down to the sixty one percent retracement and that's exactly what it did we hit this exactly and it dropped well over forty dollars an ounce down to the nineteen ninety nine area believe nineteen ninety eight it hit sometime last night but it's still in an uptrend because you have still have higher bottoms in here in higher tops longer term of course it's weaker but shorter term you got higher tops higher bottoms so this could still be a movement to the upside folks silver is the one to pay attention to because that's got a lot of potential either up or down because if it breaks off to the upside you're looking at two dollar higher per ounce in silver very quickly and if it fails look out because all those people that bought silver over the last six or seven days are going to be sitting there scratching their head saying where did I go wrong and you know what the market's going to tell them where they went wrong that's absolutely for sure that's one thing we do know okay now one other question that someone had I write these questions down but I'm surprised people just don't call in and tell me here's the one that gives me the price level in silver folks I said two dollars higher okay here's where we are you can see here the big sell off in gold big sell off in Syria the gold is the overlaid chart in the gold and then this is the silver chart see now what we've been here now this is a daily chart in silver but remember now this is five days it's been here okay now there's your there it is right there from twenty five to almost twenty eight is where it's going to go look gold has already made it see gold is already broken out to the upside and going like crazy this is either a really big trap in here or that's where it's going to go and that's what you want to be aware of because if we don't get out of here pretty soon and we back off a dollar it's not going to be a dollar it's going to be three or four dollars down into this area right here so that's why you want to pay close attention that's one of the things that I'll look at open interest tonight is to see how well the open interest because if you had market that goes up with increasing open interest that's bullish if you got a market that goes up with decreasing open interest that's various that means the longs are leaving the market and that means that's not very very powerful so the numbers we get tonight will be very important to tell us whether this breakout that we're going to see here is going to be worth its metal okay now here's one last week we did this on the air here folks this was one that we should be it gives like a little Christmas present this is the British pound boy these two hours go pretty fast you can see the ABCD pattern here I backed off a little bit I can't show the ones that don't work folks because I'd be on the floor I'd be on the show 24 hours a day there's a perfect ABCD boys and girls there's ABCD count the number of days up in the A leg count the number of looks in the BC leg there you are right there at point D right on the money 125 10 we broke all the way down to 123 rallied up to the 382 and it's still going down so it's got a little more to go probably down into this area right here about 122 and then we want to look at this for a potential 135 when that finishes look at this parallel channel that's in folks this is not going to be rocket science type trade just have to follow that one and see if you can get it I don't know if anybody has any questions or not but there doesn't seem to be any here someone just posted the Dow Jones here oh this is oh my goodness let's do this right now because guess what we're just looking for today folks let's get this up here we got to give Stan oh shucks that didn't work let me oh I can I've got to do this you got to see this because Stan was on here just the other day I'm copying it right now and I'm pasting it right now and I'm going to get it over here and I'm going to pull it up right now one second here save as and get it up here and give me one second this is this is really important because Stan is looking for something very very interesting here today and here it is let's get it up here so we can see it blow it up and it's coming the made I have the drum roll please and as you get up here to see this one more to go one more to go and then I'm why isn't that giving me a chance to put it into the tin dog on it something's wrong oh I know what it is I know what it is give me a second looks like it's going to have to be at the break because I can't seem to get the well you know what boys and girls I'm going to get this thing to you one way or the other let me turn this off and I'll put this up here and I think this will do it let me try one more time oops I got to turn this off this technical stuff drives me absolute nuts just a minute this may or may not do it nope this ain't going to work either shut the front door and raise the rent I don't know why it's not working dog on it I just don't know why I'll have to try to figure it out for the break you got to see this thing with that he's predicted this last week he said this is what you want to be watching for and by golly guess what it's this week already let me try it one more time all right and then I go here to chord nope something's wrong it won't do it it just will not give me the chance to it sucks wow 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 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that's actually yesterday so today's 11th it could be a day or two off but he thought that would be a pretty significant high into the June lows is what Stan was saying and if he pointed out as being a potential head and shoulders pattern I don't use that basically use ABCD and the Fibonacci retracements and stuff and in the Dow Jones that measure to 3930 33930 and of course we went to 33946 and so whether that works or not I don't know but that's what I'm watching here today now I'm going to be doing a couple shows a day here for a while and I'm going to try to weave in and not try I'm going to weave in the things that Mark Douglas taught me about what was really important about being a trader and also a human being Mark was one of the most philanthropic people that I had ever met I thought I was philanthropic until I met him but he not only gave of himself he gave of his I mean money but he also gave of himself I when he first came here for the first six years we had Thanksgiving down at the gospel mission we would cook turkeys and dressing and mashed potatoes for all coming in then and not only that we would clean up afterwards and it would be a two day event Thursday and Friday and a lot of work but a lot of laughter and a lot of fun met some really nice people Spike Lee his brother was the pastor of the church here in Tucson when we first moved here in 97 he was here for three years and he moved on to some place down in Tennessee where he had his own church but met some nice people and boy you think you're down on your luck to you see how these people operate folks trust me live every day in an attitude of gratitude and may God bless and thank you for there but for the grace of God go I because it could very easily be used so try to help some folks folks we'll see on the flip side tomorrow and may God bless