 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento That's sort of Danny boy come in Danny boy The chicken is landed equal is in the pot anybody cannot hear me. I don't know what the problem is. I've got the Okay, well, I hope we have our Keith on the line. Yeah, are you there Keith? Yes, Larry. I can hear you. Are you there? Can you hear me? I'm in good shape here Well at least for the next few seconds. What can I do for you my friend? Oh Listen, I was looking at the cues and The ABCD starting first part of January Down to the current point. I've got a calculated D point of 266 41 Yes, just wanted to check my work against yours Am I in the ballpark there? Agree with you and I think it's probably going to be coming in early in the week would be my guess That's uh, that's the main thing, you know, we're making new lows in the Dow Jones as we speak taking out the lows that we made on Wednesday and so that's a pretty bad sign. So I think we're getting very very close to that for sure Okay. Now, would you I mean I Know this is almost very difficult to say do you would you consider it a long-term position at that point? Or is that just off the table saying something like that? You know Keith a long term for me is about an hour and a half because I'm risky first I don't like to I don't like to You know take much as far as risks are in these markets So I would say if I'm correct and I think we're going to get a bounce But it's not going to be nearly as much as some people are talking about That I would give it Considering we're down since January 4th Keith. We should rally at least for five three to five weeks Okay, and it could be it could be really substantial because these markets are Getting pretty oversold now, and I'll go into that in just a little bit, but that's uh, that's what I'm looking at here today Are you looking at something like Late oh seven with that big rally and then coming back down into March 9th No comparing it to what happened in 1987 I'm going to go into that when we're finished with our conversation here because I've been Talking about it's been following exactly like we had hoped and so if that's correct We should be bottoming on Monday or Tuesday if that is if that is correct Okay, well, thank you very much. I appreciate it. Thank you for calling in and sorry for the technical difficulties But we'll get those corrected Shortly for sure. Okay Thank you. Okay, folks. We're gonna be talking here about this chart. This is from 1987 I've gone through this many times. There was a solar eclipse There was a rally into October the second now This is what we based it on the October 2nd things that we were looking at right there exactly what happened in this year Only May 5th was the day so if you stop and think what happened in 1987 from October 2nd down into the 19th the actual low was on the 20th, so we figure 17 days That takes you from the 5th to the 17th takes you to 22nd Which is Monday and we have a whole bunch of stuff going on in that date So my guess is we're going to come down and hit that low It is following absolutely perfectly in order for this to keep working You had to make a lower low today and you know, we had that humongous rally of a hundred and some handles in the S&P and Those of you that follow along with what we look at here. I Want to get this up here so we can see it hold on just a minute here boys and girls there We go we've got to be care by the way our guest today will be Stan Harley of the Harley stock market letter We haven't had stand on in quite a while, but here's the chart that we were looking at Wednesday you'll see we had the rally into Friday this morning. What did we hit? We hit the exact 3a to retracement folks in Gartley format The Dow Jones has now taken out the low of Wednesday. We've already taken that low out That means it a bad day-day means we're going to have a really bad day on Monday Monday or Tuesday if that's the case now if we reverse today and close higher This sequence is not working, but right now it has been working just as clear as a bell from was Fibonacci and pattern standpoint look at that folks That was an exact ABCD at the 3a to retracement the Dow Jones missed it by about 50 points The NASDAQ went slightly above it, but not much To change the format of the pattern and the NASDAQ is you know It's basically 12 stocks and that makes it a little more a difficult I had some information here on Warren Buffett and someone that brought it to my attention that really shocked me I don't know a few folks ever, you know, he has Berkshire Hathaway But does anybody want to guess how much of the money that they have at Berkshire Hathaway? Which is billions and billions? How much of it goes into Apple? Look at that folks 41% of the assets in Berkshire Hathaway go into Apple boy That's a that's a you longest amount now The problem is this stuff comes out a couple months late, so he might have been selling all the time He might have been adding we don't know but 40% 41% of mr. Buffett's assets are in Apple I thought he was more diversified than that but my gosh if you're going to diversify in something Apple is the one to diversify in because it's the one product that you know that everybody really loves so That's a major major major thing here. I want to share a really cool chart here from my friend down in Dallas, Texas, and let's get this up here And just a second here. We'll get this up here and take a look at this is the e-mini crude oil it points out the importance of the Standard deviation in some of these things much like we did with the S&P and I'll show that one in just a minute You'll see that we went right down here. Look at this Mount monster move here That's just perfectly you can see once it gets to that point You have to pay very very close attention to it and those of you that have been listening to the show all week If you remember on Wednesday, I came on and I said be really careful here because we were setting Right at you. You'll never guess everybody raise their hand. Yes, you are the winner right at the exact standard deviation 38 60 the lowest 3845 we rally all the way up to the 382 of that move folks And that's what's happened now We're going down when you break that standard deviation the options players that are out there They have to go in and defend that and so they're either going to have to really start pressing the market cover Their positions or they're going to try to support the market It's real early in the day folks only quarter after the hour, so it's going to be interesting Let's take a little break here. 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We are talking a world-class gold project in a tier one mining district This is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction This the gold just completed the Mount Todd feasibility study Which resulted in a seven million ounce gold reserve in a 16-year mine life All of this combined with the approvals of all major operational as well as environmental permits This distinguishes Mount Todd as an attractive dearest partner ready development stage gold project This the gold trades on the New York Stock Exchange under the symbol VGZ 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 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 tfnn.com educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing it number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge Every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors toll-free at 1-877-927-6648 internationally at 727-873-7618 Okay, folks, we're gonna chat just a few minutes here on the gold market We made this big high up in here at this 925 level. We came down. We rallied exactly to a 382 We pulled back to an exactly a 61 percent retracement Go up to the ABCD at the 50 percent retracement and now we're starting to roll over It's my opinion. Of course opinions are like armpits. Everybody has one and it usually is not very What do you call sanitary it smells very bad. Anyway, there's your a leg up here. There's your potential B leg There's your C leg. This is the big daddy rabbit that we want to buy down around 1710 if we get there 1712 is the number but if that is the really really big one if we do get that I think it will be Well, we're watching it. That's that's basically the bottom line of what we're paying attention to On some of these things that we're watching here today. So let's look at it now. We have We're testing these lows now in the stock market folks I want to share the AI program with you today because it's important because when it fails It really fails badly. And so all I want to do now is to get this up here And show this is just nothing more than a neural network artificial intelligence program That is predicted that the lows should come in between now You see about the next half hour So about the half hour before this shows over what happened now folks if this is really good This will start around now. This is not to say that the velocity is going to be this Is this is said this is going to be a bottom for a bounce We don't know how much the bounce is going to be the thing that we do know you see this time frame here If after if after 11 30 an hour from now, we're making new lows We're going down big time. I mean there's that means it's this thing has flipped over And we have a real negative bias to the market today and with the standard deviation possibly failing And the fact that the 382 works so well, I would have to think yep, maybe that's the case Only probabilities folks never certain these here at tfnn that is absolute A gospel in our business here now I wanted to bring one other one two years that we've been involved in for quite some time Gave us a really good opportunity yesterday and that was the euro we'll get this up here so we can take a look at it And we'll be looking at the four hour chart. I believe it's the four hour chart And nope it is the four hour chart and you can see the first 382 retracement was right there There was your first 382 There was your second 382 yesterday. So that's uh looks like we're going to be heading back down again US dollar will continue to strengthen and that usually means that that's not a good thing for for gold So that's uh, you know, that's just another pattern that we're paying very very close attention to Now someone hold on Whoa, there's a frog in the house. Hold on just a second boys and girls. I wanted to talk just a second about The chart of apple with mr. Buffett because we're we're getting down to a really serious level of support here in apple and You know, hold on just a second here Okay, there's the low we had, you know way back when last year. Okay, then we rallied up to that 175 level now We're we're getting really close to the 78 percent level down here around the 129 130 level So that's the one we want to be watching folks I'm not predicting it crash people saying that I'm doing that and no I'm not All I'm doing is I'm looking at the the things that happened that were similar to what we had happened in 1987 The only way I find those is by using alfie la voice software and going back and asking the question Do I see any similarities between now and 1987 and it pops up and says okay We had a solar eclipse on the 23rd a 26th In 1987 we had a solar eclipse on the 29th of april this year How many days did it rally it rallied five to seven days? This time it rallied seven days in the march the fifth Where did it go in october of 1987? 22 days down that 22nd day comes in on the sunday And that's 17 days from october 2nd 17 days from may the 5th is may the 22nd So there should be a substantial bottom in the market around that time monday or tuesday And it could be a belly washer folks, but there's going to be some great opportunities here in 1987 in october the 19th Believe it or not. That was the best buying opportunity of the 1980s and believe me if you were trading that day and happened to be the wrong way There is no way anybody could ever convince you of that There were only 13 issues on the new york stock exchange that were up that day out of the 1600 13 Now later on what i did was i said what happened to those 13 stocks Can you imagine the stock market being down 16 percent and you own one of those 13 percent 13 stocks and it was up on the day Do you know how much confidence somebody has to have to buy that stuff when the market's down 16 percent? That was the me the most amazing statistic and those those 13 Really were huge huge winners. So That's all i'm doing i'm watching the reaction to some of this stuff folks. I really don't care. I'm going to get a good night's sleep Sunday night and we'll see whether anything's happening sunday night Of course when we usually send our videos and the trade what you see newsletter out will come out around that time Also, so we'll watch it, uh, you know very very closely and i i think it's it's important to uh To remind ourselves of that that it's it's not about the how much money you make folks It's how much money you don't lose the previous caller keith from cedar rapids Asked me how long will i look for a rally and i have to take a guess From january 4th down into may that's five months. So we should get at least a five week rally Or maybe even six weeks. I don't know. I wait to see what the retracements are what the patterns are Then i have something to work with to see the future Cannot do find somebody else doesn't work for me never has so I react to what i'm seeing and how much i have to risk when i'm doing this stuff And that's pretty much what i try to do now I had a question about the 382 retracements today and it was related to the natural gas I I this is uh, we're going to answer this and this is for um His name is one and he is from uh, Miami beach in just one second here. I will get this up here And here we go. I need to take a little tiny bit of a Stand hardly will be our guests in a few minutes You can see here. We have the 382 setting here, but in the midst of that 382 you see the a Bcd going up a little bit better I always respect that a bcd. So i'm not going to sell that 382 until it gets to point d then i'll do it because Halbert Einstein said Mathematics proceeds geometry. Yeah, but he didn't trade and i trade so i have to figure out how much we're going to risk So i'm going to do the a bcd a little above the 382 it worked But uh, then it came down and rallied back up again, but that's what i tried to do I'm always focusing on how much money i'm going to lose not how much money i'm going to make and that has been my Uh motto for quite a while. So we'll see we got a break coming up here Very shortly we will have stand hardly and he's got some really good stuff And uh, we'll see what he has here just a minute eight seven seven nine two seven six six four eight 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 publish the gold report with coverage of gold silver bonds the xa u 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 tfnn has just launched their new trading room 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 And now they are expanding their reach with the tiger's den available to all tigers and tigeresses 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 bryan 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 tigeresses As they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tiger's 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 tfnn is excited about our new software charting program the art of timing the trade chart In collaboration with tom o bryan and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleys abc's butterflies and much more the art of timing the trade charts is designed to Help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days Weeks or even months searching to find and right now We're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com 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 We have stan harley the harley stock market letter on the line today stan It's been a while since we've had you on the on the show here And you were warning us that there could be something ominous in the month of may and boy Ominous is knocking on the door We're looking at a monthly s&p chart. What are you looking at here stan? Well larry uh first of all um I think we've probably seen a seven-year cycle top in the market Okay, and from this point forward. I think uh the path of least resistance is southbound Okay Now we tend to make We tend to make significant highs Over time about every seven years 84 months That's been a very reliable pattern that you and I have discussed in the past What this chart shows is all of the major highs of the last 60 70 years And The cycle contracts and expands a little bit but uh The regression analysis computes the cycle right at 84 months That's equivalent to seven years If you take just back to the envelope math and you had january 1973 And you add 84 times seven that's 49 years, of course you get january 2022 And i've done the mathematical analysis And uh the projections called for a peak in the january 22 22 time frame plus or minus a few months left or right And of course, we've got a peak in the dow industrials The s and p 500 and the new york composite in january 2022 The transport and the naztac Pick just to the left of that, but i'm satisfied the the high is in now And uh, and we're heading south Okay, now the next chart you're showing is one of your this is where you really shine And that is you're really good at picking short-term lows In the market and it looks like we're over something pretty close, aren't we? Yes, larry what i've done here is i have looked at the pattern of lows going back to the march of 2020 time period And what i found is each of the dominant lows on the chart for the dow industrials or the s and p 500 or the naztac or the new york composite All line up with the dominant fibonacci levels that we're all familiar with zero point two three six zero point three eight two zero point six one eight seven six four And the point eight five four is right in the present time frame So, uh, I would anticipate a modest amount of support in here short term We can get too giddy about the long side though But more importantly, uh, i'm looking for a standout wash out low in late september right around the fall equinox And I think larry, I think we could be looking at dow We'll be definitely steering up at these prices and I think we could be down around 25 000 basis of the dow in that time frame That that would what we'd be called a serious correction That's absolute now one of our listeners is oh, sorry Yeah, uh correction Implies a pullback in an ongoing bull market. And so, um I would not use the term correction Um, I would use that The the term as the the first plunk down and what is likely to be a significant significant prolonged bear market Is what I'm expecting here I'm okay. This bull market has gone on for many many years And uh, we've got some excesses that are gonna have to be, uh, cleaned out Um, wow and And so we're not only looking at a seven year cycle top I think we could be looking at something more significant than that here larry Okay, well, that's you you always said that there was some time between 22 and 23 I remember a year and a half ago. You were telling us that I remember that and Pretty much but we have a question for one of our listeners in uh, Columbus, Ohio And his question is do you use, um, what they call the uh The, uh Oh no, my the mind's my mind is slip the theory of what you know the the Oh darn it. I can't remember the word. It's when people have a really strong, uh, a bias or, uh, You know, uh, what the what do you have a strong bias or said that's the word sentiment shut the front door and raise their Int I do it started with an s but uh, anyway, that's it. Uh, okay Yeah, go ahead go ahead stand. No, okay. The short answer is no, um, I don't Find that that to be that useful for a predictive tool Um It market extremes one can certainly go back and say oh look it was so there it was Uh, we had an excessive amount of bullishness With the AII data or an excessive amount of bearishness Um, I think those tools work well in a bull market environment to identify oversold and Corrective buy-in points But I think in the current environment I think that's probably not going to work very well Because I think you're going to see the market come down. You're going to see bearishness get to an extreme People are going to say oh, well, that's a buy signal and the market is going to continue lower Okay, now I have a question myself and that is you know, I'm not a stock trader I follow some stocks because they're in the news and people ask me questions about it But frankly when you see stocks that drop 90 percent I mean, this is what happened in 08 and 09 and in 2000 I mean we dropped 85 percent and both of those bear markets and here we have some of these stocks, uh, you know, they're they're down almost a Zero or 90 percent on some of these peloton and robin hood and And a whole bunch of them. I mean, you know, that's uh, Net net well netflix isn't because it was starting at a very low level, but there's been some monster Bear markets here on some of these things and that should be that should be scary in an overall picture, isn't it? Well In what you just described were the prior seven-year cycle declines For example from 2000 to 2002 that was the seven-year cycle that I previously showed And uh, you're quite right the down the s&p declined by 65 percent the nasdaq declined a whopping 90 percent from high low in that two and a half year time period Uh, the next pass forward to the next seven-year cycle Which peaked in october of 07 bottomed in march of 09 went down about two years Similar 65 percent decline and down the s&p could happen again Sure, will it history history has a tendency to repeat itself. That's for sure now the next one is one of my favorites It's the gift that keeps on giving and that is the treasury bond and the interest rate structures here And I think the folks would be uh Really remiss if they didn't pay attention to this cycle because uh, this is really Telling you that something big is getting ready to happen in my opinion Yes, uh, this is a graph of the 30-year bond yield going back to the year 1800 I've derived this data from the foundation for the study of cycles Which has a just a plethora of market data And what is very interesting here larry is I found that the major pivotal turns Are defined by a cycle that spans 40 years So for example the red arrow at the top is the peak in october of 81 41 years prior to that we had a low in 1940 40 years prior to that a low in 1900 40 years prior to that peak in 1861 So wow you add 40 years to october of 81 and you get october 2021 Wow Okay, we'll be right back with stan harley the starly harley stock market letter folks Stay with us, please eight seven seven nine two seven six six four eight Are you in the market for buying or selling real estate in the bay area? 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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 principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors Distributor foresight fund services llc Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv That's tfnn.com then hit watch tiger tv Okay, we're back folks with stan harley the harley stock market letter stan you've posted a chart here I believe those are mortgage rates yes, larry this his next chart is a chart of the 30-year mortgage gone back about five years and You can see we hit a low there at the beginning of 2021 40 year cycle bottom From the prior chart and look what has happened since The 30-year mortgage. This is the price that this is what people would Would pay if they were taking out a home loan And it has gone from 2.6 to five and a quarter and a very short period of time I'll say I have a story about this that happened to me over the last day or so Is when my daughter's got married one of the things that I did for them was To put a 40 percent down on a house because they were they wanted to you know get into a house And so I gave him the 40 percent I charged my usual 20 percent, you know a year to him, but they never did pay it So wouldn't make any difference. Anyway, I after they got in these houses. I never pay attention They're but ones in sand loose a bispo where you know that is the other ones in denner And I don't have any idea sand loose. I knew the prices went up, but I didn't know Clarence house was built in 1885 been totally remodeled, you know beautiful Spanish house Stand but those are selling for seven figures. I mean I I I was I said, you know, I couldn't believe it You know, I mean I I realized things have gone crazy, but my goodness I mean that's that's an incredible amount of money. How does a young family get started on a million dollar house? Where I don't know I have a son in Santa Barbara Same thing. Oh my god. Yeah You paid north of the million for his and when I was his age, I got my first house for 40,000 Stand mine was mine was 12,000 Wow Totally amazing Okay, speaking of one prices. Let's take a look at the last chart Okay, hold on with me one second I love having you on here and I could just chat with you for a long time as we usually try to do And we'll be bringing this and this is the case Schiller chart and we'll Get up here and take a quick look at it And there we go go ahead this is talking about home prices this is a graph of the Case Schiller home price data the national index The case Schiller series of home price indices. There's a national index and there are 20 regional indices and then 10 regional indices For the largest cities in the country. This is the national index And as one can see from left to right It's in an all-time high right now Um, simple buy and sell signal for real estate really primitive, but it works The blue are the monthly price bars that I download from the fred website The red is a simple 18 month moving average And when the blue bars Cross the red line. That's a buy signal On the way up when they cross coming downhill. That's a sell signal Very simple very primitive, but it works and as you can see the monthly bars are still above the red So we still have a buy signal and in fact my analysis of the cycles suggest that This move up in real estate prices is likely to continue into the end of this year And then I think the falling stock market rising interest rates Um Unemployment that's going to pick up all of those factors will come together to uh Pretty much put a lid on on real estate prices towards the end of this year Okay, that's very interesting But stand where you are back east into jersey a price is growing crazy there also They are but not as not as much as not as much as in arizona, which is uh leading the nation in turn A bull market. I mean clearly fortunes have been made in arizona real estate Uh And if Folks don't know when to get out fortunes are going to be lost For what goes up must come down. Hey, listen my friend I know you're really swamped today, but thanks for joining us We'll have you on again in a couple weeks if you're not too busy and we certainly love to have you on It's stan harley at the harley stock market letter. He should take a look at it folks He's uh, he's an award winner. He's been doing it for just about 40 years. Isn't it stan? Pretty much. Yes Oh, holy cow. Well, you're one of the good guys, buddy. We love having you on here So be safe and stay living the dream on the green side of the grass We'll do thank you so much. I'll keep that stan harley folks to the harley stock market letter. Okay. We've got to Take care of business here for just a second and I wanted to bring up a chart here That are getting ready for us. We talked about this a little bit earlier And uh, the fat lady is singing and dancing and I just wanted to tell you What we're looking at right here. This is either a great buying opportunity Which I don't think it is or watch it closely folks. This is the ai program You see we made the bottom right in here And now we got a little bit right now in a half an hour if or less if we're making you lows This is a very very scenario given the fact that what we're looking at for the 22nd 23rd Possibly even the 24th heck maybe even the 31st. We don't know what the date is All we know is it's going to look pretty nasty and there hasn't been any fear in this market folks I've said before we've had a 1200 point move down in the dow Jones this week And that is not it and it's going to be 1.618 to 1200 or more And that would take you down 2000 points in the dow in one day And I think that'll happen either Monday or Tuesday is what I'm saying. Hey, it's a it's my show I get to predict. Yes, that's my prediction I don't know if it's going to work or not But if it works, you could make a couple of bucks You know what the trouble is these option prices are so doggone. Hi there They're building in two crisis when they try to sell it their buy a put or something I mean, it's just ridiculous. Well, it should be ridiculous because They have to protect themselves and I certainly understand where they're coming from and and that's what you have to do But watch it closely folks making new lows here. We've got 12 minutes to go to the end of the show here We've got a break coming up in a little bit But watch that closely because if we break below that that's going to tell us that there's something You know really really seriously wrong and we already know something's wrong. This is going to be even more seriously wrong So that's the main thing by the way I'm speaking of bitcoin and stuff. We still think bitcoin is going to get down somewhere around 20 000 to 16 000 in this sell-off that we're going to be looking at in the stock market So let's remind ourselves That's what you're that's what we're watching and also I wanted to bring up the the e-mini s and p again because oh, I don't that's not the one I wanted Anyway, folks the the number to watch now On the s and p is at 36 40. Okay now their old low was 38 40, but 36 40 Either well could be today because we've got four hours ago It could be either today or could be Monday or Tuesday But I think we're going to have a big down move and then there's going to be some clearance sale prices on some of this stuff And thank goodness we've got things like ab equal cd And that's it. Mr. ss Mr. Shane Smolian He just told me that his program says there is an 82 chance That bitcoin is going to 10k And one little less than 10k means it could go down to four digits folks And we haven't seen bitcoin in four digits since uh two and a half years ago in 2019. So Let's remember that what we're watching here. So let's keep that in mind. We've got to take a break. We'll be right back eight seven 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 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 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 basal 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 and stock prices Get the opening call newsletter by basal chapman in your inbox every day 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 tfnn.com 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 pesavento 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 Okay folks, I posted that chart of the 1987 market and that's the roadmap that we've been following here for That's been about six weeks right now. It's just continuing to work Uh, if this is correct, we should close lower today and then be down sharply Monday and Tuesday that'll be a pretty significant bottom. It could be Historic I doubt it. I don't like to make predictions like that, but You know it may or may not be all I know is it's been following that way And so we have to pay close attention to it to see if it's going to continue doing that Then that's all you can do regarding the gold prediction that I made I think and this is my assumption again We've had lower tops and gold ever since 2080 and i'm talking about the price at 2080 last august Okay, so what we're looking at now is a potential for the giant apcd in the gold Coming in at around 1712 and that would mean that silver would get down to 20 dollars an ounce It's now 22 dollars an ounce and with markets, you know reacting the way they are right now It could very easily happen The main thing is watch stocks here the next 20 or 30 minutes because if we start making new lows That is very negative for the rest of the day And it could be continuing negative through sunday monday and tuesday or wednesday somewhere early in the week Maybe it'll be turn around tuesday or something like that. That's all i'm looking at so i hope that helps I remember it's all about probabilities folks It's never about certainty and you want to focus on how much money you don't lose As opposed to how much money you may you may win And uh, just that's a very important factor to remember as we're looking at some of these things so Pay close attention to it right now Focus on whether we can hold this low that we made here in a half hour ago And uh, that comes in at around eight through 38 55 we're 38 67 now below 38 55 Would tell us that yep, there's probably a trouble in river city And we are going to be going down like the model I has predicted so live every day in an attitude of gratitude and may god bless and by the way I'll be doing the show for Tommy O'Brien at the uh, 12 hour period or 3 p.m So we'll we'll look at it. So we'll be paying close attention. See you on the flip side folks. May god bless