 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 Okay, looking good Billy Ray feeling good Louis We're gonna take a look here at platinum this morning folks because we were coming down testing that 1448 again In the hold on one second. There seems to be an echo. I know what the echo is about so I Have to change the echo so let's get this off by the way folks We're gonna send some white light out today to one of our really dear friends Mr. Angelo is under the weather a bit. We want him to get back in the swing of things So hang in there Bubba. We want you to be back as soon as possible I know he's listening over there on the ocean side of San Diego So we hope to see you soon and hope you're feeling better. One other thing folks is that we might have a new guest Oh Dear Rich Anderson and introduced me to someone now a really big hitter I haven't I'm not gonna say who it is until we Till we get it set up, but he's been he's very well He's semi-famous, but he's got some really great research because rich swears by it So hopefully we're gonna have him on later later this week But remember tomorrow we have a special guest all of our guests are special But he's a very special friend one of my dearest friend You know you always have someone that has your back. Well, dr. Steve Shapiro has always been there I met him back in 85 and we've been Tighter than peanut butter and a tight jar for about how long has it been 34 years He's just as nice as can be and I was very close to his mother and stuff We'll go over some of those Things tomorrow walking down memory lane He was with with me from the very beginning before Bryce Gilmore before my first student even and And and he was up at the house at you know Pismo Beach He's him he and his mother lived down on the beach and we lived up on the hill up on the side of the hill there in Pismo Beach, which was up about though about 900 feet overlooking all the Pacific coast and It was great the guys would go down to her to mum's he's house mum's he title bombs His his mom and she would make a huge breakfast for us. Hey, we will go over some of that stuff tomorrow Will there's been you know, the Chinese markets and some of those other markets got hit pretty bad because of what's going on in Hong Kong folks if you see a video out there where it says Hong Kong man has been, you know, I guess with a gas bomb don't don't watch that video folks That is one of the most disturbing videos. I've ever seen in my whole life It caught me totally by surprise when I saw it and it was just so troubling to see see that and the damage that these Young kids are doing over there folks. These are not Well, these folks are terrorists any time you try to kill a policeman, you're no longer a protester I hope you realize that. All right, let's get back here to what really counts. Here. We are back in this gold We're coming down to test it again. We want to take a look at this because this is really important folks Well, you know, what am I know what am I'm saying? Here we go. Look at this. This is gold It's basically the same as the gold that's equivalent to 1448 You'll notice that the 48 days that we had in the down move that stopped at the 382 Back in late april of last year this year. Okay Stopped right on the money now. You'll notice that even after it stopped it had one nice pullback almost at a double bottom Now here we are. We're up at the same thing. We are down 48 days, you know, and here we have the full moon today We have the full moon and of course we had that transitive mercury But frankly, I don't know what that means meant something to einstein But I couldn't find anything technically to say that that transitive mercury, you know, saw major turns I went back norm gave me the dates and I went back and looked at the The five times it's happened in the last Wow 70 years or something and gee Not very much for timing you might might have been a month or two off, but you can't trade for a month or two off That's for sure So let's watch that very closely silver hasn't quite made our objective yet But it's very very close And but watch that the one that is the two things that are happening folks We have this full moon and we've got those bonds really trying to hang on Uh for dear life. We talked about this before we've posted the charts on it I guess I should do it one more time just to give you a rough idea of What I think is going to unfold and believe me, this is what we call a rough idea But let's get let's just do the weekly here just to show you where we are in the bonds You'll be able to see it quite clearly here There is the weekly chart We had the open interest by the way open interest was dropping yesterday in all of the stock indices with the update So I don't know if that means anything, but you'll notice As you're looking at this a bcd pattern in the treasury notes, we are there folks So if it's any good, we should not take those lows out that would be equivalent to 150 155 30 I believe was the low in the treasury bonds. We're trading about 20 Ticks higher than that. So if it's good, it shouldn't it shouldn't quite take that out So we'll we'll have to wait and see another one and we had probably have ruby in here listening is that The let's just get this up here so we can take a look at it These are some of the futures that we're watching here because I think they're they're getting really really close We're only about a point and a half away of Yes, that is a very various bond chart it certainly is And it's new for a bounce, but it's a very various bond chart long term. It's extremely various But take a look at the piggies folks We got an abcd structure there coming down at about one about 61 and a quarter That's just about Buck 75 from where we are right now And we're taking it 63. I believe so It has to hold 60 well doesn't have to but if it's going to be bullish It better hold 61 because that's a 78 level and that's also going to be very very important There's going to be a little 1.27 expansion there So I would watch it very closely. That's going to be the last hurrah for the for the hogs now cattle have still been going to Okay ruby saying I expect platinum to hit 840. I don't know if it's going to hit 840 or not But that's the target. I just posted there ruby You know, it should be able to focus it, you know, one of the markets that has really gotten hammered I'm we don't we don't really We don't really look at this market very much And that is the is the palladium market and it's had a It's had a slight correction of 100 and what 160 bucks in just a matter of a A few days here and that has been a precursor of the market sometimes But you know our market can never go down. Someone's asked a question about those things I posted about the impeachment charts That came from the social economics department of The Elliott wave I'm going to run through these because I I think they're pretty interesting because You know the money the world runs on money. So let's just run through these and it'll just take a Well that zero that zero interest rate that that puppy's uh, they're going to be forgetting about that much like they've Like they forget about everything else. They move on to something else So this is the one from Andrew Johnson And I'll post them in the room one at a time so that you guys can take a look at them And when we get back from the break, we will talk about the the grain markets because I think we're coming down to an area that looks pretty interesting And then we have the old president a is supposed to be speaking about china deal today, which uh I think people are getting a little tired of that too, but we'll wait and see If you're not currently using the taz profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The taz profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks etfs commodity futures and forex headed by steve doll taz understands that in today's Technological world the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market You also gain access to the webinar that steve doll and tom o'brian just hosted The best way to use the taz profile scanner to profit this webinar archive is available for all subscribers Immediately upon signing up all new subscriptions also come with a 30 day money back guarantee So you have nothing to risk start your subscription by visiting the front page of tfnn.com today And you'll find the taz profile scanner under the services tab sign up today Are you in the market for buying or selling real estate in the bay area including the surrounding st Petersburg tampa and clearwater markets tiger real estate llc is a firm that has extensive Experience in the tampa bay area whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest Decisions of your financial future called tiger real estate llc today at seven two seven three two nine 83 22 or email us at tiger at tfnn.com that's seven two seven three two nine 83 22 call us today Many of our new listeners have heard about the tiger's den The tiger's den is a lively community where professional traders and investors can meet exchange ideas and information in a comfortable moderated atmosphere Hear all of the tfnn shows plus see all of the charts as they happen live and have access to archives of all of those charts You can test drive the tiger's den absolutely free for 30 days and greatly enrich your knowledge of these markets And have to make your money work for you details on the tiger's den or on the front page of tfnn.com tfnn has launched our brand new website You can still visit us at the same tfnn.com url But when you do you'll see a new and improved homepage with a much simpler navigation Whether you're watching tiger tv live in high definition or just accessing your newsletter subscriptions We even have new pricing in six months and yearly options Check out the new tfnn.com now and experience all the upgrades tfnn.com educating investors Toll free at 1 877 927 6648 internationally at 727 8737 618 Okay, folks rick chanderson's forward on this chart to me last night from alpha insights it's one of the big i'll go trader people and They're they do some great research and you notice this is the elliot wave Counts that they're looking at here on the first scenario They're saying that's a 30 Probability that we're going to reach 31 70 and the other one says a 70 probability Is that we're going to go down into a wave four and then proceed to go up into a wave five It is my theory that that if you'll notice that three drive to a top pattern and a chart on the right I think that I think that's really important folks Of course, those of you that get my newsletter You've certainly seen enough of those charts to see the different patterns and all of them the only one that's really of any sequence of any Matter That means anything of course is that rustle it has not made a new high nor has a new york stock exchange index Both of those have not been able to do it. That doesn't mean they're not going to it Just it means they haven't done it yet and without president a speaking today Who knows it could even be could be something You know Expectacular like we saw a week or so ago when we gapped up in the s&p The other thing that I wanted to mention folks There are people that you know use my patterns a little differently and they use them quite successfully and One of the things that they do is that they trade Failed Gartley patterns in other words when a Gartley pattern pattern goes up to a 78 percent level and starts to fail They buy that and they know that that failed Gartley will become with a high probability Will become a 1.27 or 1.618 expansion at that time and if it if it does then that really gives you a really good Really good Profit potential with a very very low risk. This is one of the things that mark douglas tried to work with me Quite a bit and I posted into the room Yesterday a seven hour video of my good friend mark Which goes back about 20 years But if you're it was posted yesterday and if you have any trouble you can't find it Just drop me an email and I'll forward the link on to you And yet I don't recommend you take seven hours and watch it I recommend you take it in tiny bits and pieces with a notepad because there's so much information there That it it's really you really want to pay close attention to it just to give you an example Of this failed Gartley pattern. Here's a great chart from david white And he and tom do their charting the market timing the market You'll notice here is the the failed Gartley that i'm talking about and that would be at point two And once that failed Gartley happens it goes all the way up and of course it makes a 1.27 expansion there So it's at point two Where the pattern has failed and the you know, you would be buyer of that breakout and if you stop and think of it You've got a lot of things going for you there a you're certainly trading with the trend B you certainly have a great target to look at and c you can protect yourself You know with a relatively close stop So that's why the patterns probably do i've never tested them, but you know, they certainly they certainly look pretty good So that's one of the main things that we're keeping an eye on here as we look at these here this morning Okay, uh, the next one we wanted to talk about was I wanted to reiterate What's been happening in the chinese market because it's been hold on. We've got a little caller maybe coming in. Let's see Uh, yes the uh, uh, mr. Z saying the the british bound is bouncing off of these fit month Yes, it had a perfect 61 percent retrace for last night. Mr. Z. I saw that and it's bouncing again too So we'll see these fit numbers work folks. They don't work all the time But by golly of all the stuff i've looked at over the years That's by far the best of the things that i've seen happening now the euro is not bouncing very much It's up a few pips from the bottom that we made early this morning But the none of those currencies look very good folks. It looks like yeah, the never ending breaks it That's like the never ending Stuff that we hear on the news all the time. So who knows? Let's move on to talk a little bit about some of these currencies Remember that dollar index held exact. Oh, I got to do this shanghai This is more important than the dollar index. I think here is the the shanghai index versus the The s and p 500 you can see the 1 2 3 drive to a top you can see the expanding triangle You can see the butterfly pattern Everything's there that s and p 500 and we've been going flat with lower tops Here in the shanghai market and with that and you can imagine the the with one of the worst days they had for Chair yesterday in hong kong the actual market was up about 70 points. I had been down On a five or six hundred the night before But you know that it was really it's it's just really getting bad over there folks I it really brings a lot of sadness to me because I I can't believe that What we're seeing there is actually true Let's move back to the bond market because I wanted to Bring this up again because I think this is where we are in the bond market Let me get the first one up and then we will try to explain it a little better to our listeners here This is the the interest rate itself. And as you can see here, we we're starting to rise in interest rates Since the late august that's when we made our top in the treasury notes But if we look at this and do one simple thing and that is to add the patterns to it You're going to be able to see if what we're doing here is that we are seeing a market that is Making an abcd pattern now if this is correct And this is the first major one we've had here in a long time What this means is that the interest rates should stop going up right now and students start to go down for a few days The problem arises is the fact that that bond market is so bearish that I don't know how much of a rally We're going to get it'll probably be much bigger than I expect but You'll have to wait and see that's the main thing that I'm watching Could someone update me on the hog market? I don't know where the hogs are right now, but I'm really thinking they might get down to 61 40 today and that's a very very low risk at that point You only have to risk a few hundred dollars in the hogs if they get there and also the The coffee has been expanding up in here folks. So that's been one heck of a move We want to thank ruby and mr. Z on that one as always and of course the natural gas Let's get this up here. I want to bring it up so we can take a quick look at it here Very interesting that we hit the yesterday in the natural gas. Let's just get this up here You notice the big abcd pattern up there at 290 That was last of uh, monday And if you'll notice uh that we've been down and we had that big gap down We left that huge island reversal there Today we got as high as uh, two Yes, we got as high as 271. I believe something like that We're trading around 265 right now, but that low we made yesterday at 262 folks Was a 382 retracement. So if it can Stay above that then it's going to be pretty close. Yes, we're getting close in that december We need it down another another point and a half ruby and I think we'll be very very close Uh to that and boy the weather is extremely cold folks. I've uh, I've heard from people all over the country You know how cold it was as a matter of fact, I don't know if I saved that one from rich anderson this morning or not No, I didn't but he sent me he sent me the thing from the uh From the weather from it was 15 degrees below zero in eden prairie minnesota folks 15 degrees the reason why I uh came to california is when I graduated from Indiana it was the first time we had a digital clock at the state bank And when I looked up when I was going to my finals, it was minus 20 in january And I said that's it. I'm out of here and I uh, I went back to visit a lot Well, I actually lived in uh, indianapolis for uh, 18 months when I was doing work with lily before I came back to california For the final run. So we'll see that we got a break coming up here pretty soon. I think If you're not currently using the taz profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The taz profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks etfs commodity futures and forex Heated by steve doll taz understands that in today's technological world the use of top flight software applications and technical analysis Expertise is essential to successful trading in today's market You also gain access to the webinar that steve doll and tom o'brien just hosted the best way to use the taz profile scanner to profit This webinar archive is available for all subscribers immediately upon signing up all new subscriptions Also come with a 30 day money back guarantee. So you have nothing to risk Start your subscription by visiting the front page of tfnn.com today and you'll find the taz profile scanner under the services tab Sign up today Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clear water markets tiger real estate LLC is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call tiger real estate llc today at 727 329 83 22 or email us at tiger at tfnn.com. That's 727 329 83 22 call us today Many of our new listeners have heard about the tiger's den The tiger's den is a lively community where professional traders and investors can meet exchange ideas and information in a comfortable moderated atmosphere Hear all of the tfnn shows plus see all the charts as they happen live and have access to archives of all of those charts You can test drive the tiger's den absolutely free for 30 days and greatly enrich your knowledge of these markets And how to make your money work for you details on the tiger's den or on the front page of tfnn.com tfnn has launched our brand new website You can still visit us at the same tfnn.com URL But when you do you'll see a new and improved home page with a much simpler navigation Whether you're watching tiger tv live in high definition or just accessing your newsletter subscriptions We even have new pricing in six months and yearly options Check out the new tfnn.com now and experience all the upgrades tfnn.com educating investors Call now toll free at 1 877 927 6648 internationally at 727 873 7618 Okay, folks. I wanted to bring to your attention one chart that we've been talking about Yesterday and we need to talk about it again today, and I know I did it the 64 thousand dollar question is where is it? Shut the front door and raise the rent it was a soybean chart and I did it for mr There it is see I knew you had it in here kid data boy You can't keep the old charts down for long. Let's take a look here All right, let's just move on here a second. There we go Here's where we closed last night in the march beans. That's what I'm watching January it'll become up soon enough, but we're trading at 9 31 This morning. We go. We got a pattern down here folks at 9 20. That's a very nice Retracement you'll see it is a perfect a b c d pattern And if you want to defy human nature and do the work yourself like mr. 21 says take the high that we made back on the 21st That was up there at that 972 And count the number of days down That we made the low at 9 40 then we rallied up to a 51 percent retracement in three days And now we're coming down and if you count the number of days down And if you count the number of days down, it brings you right into the full moon today So keep it today or tomorrow. So watch the number here at 9 20 If you're going to be a buyer down there, then what you would be doing is you can become a soybean farmer for Quite a bit less than it takes to be a farmer. You can only risk about eight cents or around 400 dollars And we'll be able to see so the hogs gapped up today That's very interesting. I will see what happens. Sometimes they do give you gifts. There's no question about that ruby They really do All righty now we need to talk a tiny bit and we had a question Of course, and that's about the old bitcoin. We want to get it up here And talk about it. We've already talked about the big Gartley pattern that we made down there At 7200 that was the big one on the long term daily. We took out the lows from June Excuse me of july and then you know, we reversed and now what we're doing is we're making a 61 retracement here We're not quite there yet. It comes in about another 300 points lower In the bitcoins we'll take a look at that's certainly a lot cheaper than the 20 000 that we saw In january of two years ago, but that market was not, you know, that that wasn't a A what do you call a tulip bulb type market because it's just gone to make normal corrections You know, it's made those corrections in bitcoin Four times and it's all about blockchain technology folks. It's really not about It's not about the cryptocurrencies from what John jameson tells me and I certainly trust his It's feeling someone asked me to Bring that chart up of the the s and p again. I'll bring it up here and remember we have a gap in this s and p Let's just move on here. You'll be able to see here. We have a gap there You'll notice that was last week. That's when the they came out and said the china deal Was all done and then we've been hanging around here another two or three days I haven't made a new high yet, but we're so close that you know, if somebody Doesn't pick up the telephone. You can see a new high, you know, very very easily, but that is a That's a perfect three drive pattern. You can see the cyclical highs Between july september and where we are now Whether the full moon is going to mean anything like it did on september the 13th, but if you notice on september the 13th The market actually went up and tried to make a new high on september the 18th and then it dropped For two weeks Down to that 284 level. So it might take a day or two to get this go That's why, you know W. D. Gann said the most difficult part of doing technical analysis is timing And believe me, there's no question about that. I used to do all kinds of cycle Stuff and really I I try to do just the patterns to Tell me what the risk control is and I do some timing and I do watch the lunar cycles and Some of the big things like when mercury is retrograde and other planets are doing things like that And then you have a better, you know better idea of where you are But the patterns will they'll keep you keep you honest and bring you to the promised land folks That's, uh, you know, really what we're we're watching here as we're looking at some of these By the way, if you have any questions, it's 877-927-6648. That's the main one Okay, let's get back to the currencies a little bit folks because I think that You know, we've had a pretty good top being made here in the Let's just get this. Uh, are you kidding me? No way just not a chance and heck Do you mean to tell me that I didn't do the currencies? I know I did wow Well, I did the dollar index. Where's the other ones shut the front door Let's just do the dollar index because that'll be the one to tell us where we are. Okay. Here's where we are We'll get this up here Okay, buy the dip at the opening 3105 coming from your lips to God's ears You're usually right maria. Uh, we're almost up here to that 98 40 level folks in the dollar index We're up about seven days in a row Really strong closes every day and we're very very close That means we're going to be seeing either move down in the pound and the euro Or this thing is going to just a bada bing bada boom turn around and go back down again So we'll we'll watch it as we as we look at some of these things Unfolding as we as we look at Some of these things going on. What are we at now? We're at 30 91 and rising So we'll see another one folks. That's really interesting in here is to keep an eye on the Uh, what do you call the darn thing? The crude oil the crude oil has been at this level for uh, you know quite some time And I think I've got to do something here. I've got to Change I've got a little profit and something and I want to make sure that I Keep the profits. So, uh, let's just move on here and just go in and uh hold on There we go. I just don't want to make any mistakes Alrighty, okay. This is where we are. So we'll see What's going on here? Okay, um, watch the watch this folks because uh, you know, we we've uh, we've been all over them Well, there's been virtually no volatility in the stock indexes folks, you know to put it mildly There really hasn't you know, we've been in a range from what 30 98 down to what 30 72 25 handles You know, that's that's no range at all So, uh, that's one of the things that you might want to Remember as you're looking some of these things unfolding now the crude oil is interesting because, uh We've just made a 78 percent retracement with an abcd pattern up here at 57 40 We're down about 20 cents from that level But it's it's still quite interesting to see, you know, what's going on with these things here So that's it and you know last night we got as high as 30 94 And we came down 10 points right to the 61 percent retracement in the s and p And now we're back up six. So we're just bouncing around We'll probably hit 3105 marines. 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That's 877-518-9190 If you're a trader in the market looking for exposure to gold or gold mining equities Then now is a perfect time to sign up for tom o'brien's gold report The summer is over gold is trading back above $1,500 and the 10-year treasury is hovering at around 1.5 percent Tom o'brien has been writing his weekly gold report for almost 18 years There's no one that knows more about how the gold market trades and how gold mining equities react New subscribers get a 30-day money back guarantee. So you have nothing to lose Every monday morning tom publishes his weekly gold report with coverage of gold silver bonds the xa u Hui gdx the dollar as well as more than 30 different mining equities as of september 3rd Gold report subscribers have five active open positions with an average Unrealized profit of almost 38 percent for each position to see for yourself the types of profitable trades that are recommended within the gold report Sign up today by visiting tfnn.com Will the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s directions daily s&p 500 bull and bear leveraged etfs Direction leveraged etfs an investor should carefully consider a fund's investment objective risks charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares To obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit direction investments dot com A fund's prospectus and 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 for side fund services llc The bull bear trading hour with tom and tommy o'brien next Okay, folks bring up the chart of the euro as you can see Back on October the 20th that we made a 78 percent retracement of the august high Also 50 percent retracement of the high we made in june We're in a downtrend folks lower tops lower bottoms as you can see here We haven't quite made it down to the 61 percent retracement there at 109 90, but we're very close That's going to be really important support folks. We're not very far away from it right now only about 20 pips So we need to watch it Very very closely because it has a chance because if it fails here You're going to be looking at a giant abcd And those of you that have been listening to us here At tf and in for a long time and know that our outstanding target in the euro is about 103 to par And uh, you know folks that euro's had some wild swings over the past 25 years So we've gone from what would be gone from 85? I believe up to 165 back to 85 back to 140 So it's uh, you know, right you're absolutely correct Terry Quiet markets are very dangerous because liquidity Is the the real kicker there and you know, you know the other one's really interesting folks Is the fact that that vix index has not really fallen out of bed here Look how many times we've made new highs here Recently and yet the vix is holding up someone's taking some protection Whether that means anything or not, you know, I'm not really sure but uh, they are still taking protection So Sort of watch that would be what I would be, you know keeping a really close eye on Okay, let's talk a little bit About some psychology here when I was listening to the I listened that video myself and some of the things that Tom mark always used to talk about was, you know, the use of stops that if you don't use stops You're basically telling the market that you know more than it does and that means you're going to get a really bad penalty Roy Longstreet said in his book Uh, uh, it was oh doggie. I can't remember the name of the book. I'll remember it just a minute here But uh, he said that uh, it's not you have the first mistake teaches you The second mistake kills you so the first mistake is you've got to use a stop And if you don't take advantage of it, that's the one that will hurt you And then you're back in the old thing is sitting on your hands Like do that and maria saying and you're hoping and praying and boy hoping and praying is really good on sunday in church Or saturday at the synagogue but by golly boys and girls It's certainly not, uh, you know, not really very good when you're trading always have to You know protect your capital because you don't know what's going to happen next No one knows that and you often always have to prepare You know for something that is uh, totally, you know, unreliable I know the dow is a little weaker than the rest of the market today That's probably due to one or two stock in the dow because the dock is the dow is Price weighted it's not cap weighted So one of the expensive stocks in the dow is most probably getting hit like we've seen in Stocks like iBM and also with bowing so they can't really use that The one that really counts folks is that new york stock exchange index That's the best of all of the things that we look at And I think that uh, you know when you pay attention to that that will really give you an idea That that's what they're what the market is really doing and I think it's very very important. Let's take a That's impossible Oh dear, let's take a look here at the IWM now. It's gone a uh I think it's about at the same level. I don't believe it's made a new high yet Let's just get it up here I don't know if it's made a new high this week. I think it probably did Can someone double check to see if that IW I can do that shut the front door and raise the rent here Let's just get up here and look at this IWM And see if we made a new high on the week because it's the one that's been lagging behind it along with the The one from the nasdaq so excuse me the new york stock exchange index No, we did not make a new high here in that for it's been wow. That's actually down. It's lower It's lower than the last three or four highs boy. That's not even though the s&p's Smoking and joking the other ones are not not quite Not quite doing that so very interesting Well, we'll see one at a time. They'll do it Let's take a look at the new york stock exchange index just to see how it's doing this morning It ought to be making a new high. Nope. It hasn't made a new high yet either. Let's get it up here And we're still a little far away from it But we're also making that same let's get this up here so we can see we're making that same pattern, but as we say now this is the This is the day of the full moon The full moon only has a three-day or but day before the day of the day after so This this market hasn't started to turn down By thursday, it's going to go up forever. Well, we're till maybe till friday, whichever comes first, but We'll sort of watch that but the iWM is lagging sort of badly So whether that means anything on the longer term Of things we don't know we're back to the highs. We took out the highs we made of last night, didn't we? You know the high last night in s&p was 94 And we've been to 93 in change and we certainly will be watching that one as we unfold here Early this morning. So those are the ones, you know folks You've asked me about those divergences Years ago, you know Richard russell, he talked about those in the market. I guess was different then. I don't think I know I know the charts were not different. I can tell you that right now The charts were not different But maybe the the information that we're getting now is so much and so frequent that it probably trade changes The volatility of markets, but the patterns and the ratios have not changed That will not change because that's human nature You can go back and look at charts from the 1800s 1700s 3000 years as you can find the data. I mean these all these are all the same I mean all they do is a bcd expansion contraction lower highs lower bottoms. That's really all it's doing That's what dr. Andrew low Did in his book, you know the non-random walk down wall street the market is chaotic But within that chaos or non-random patterns that repeat over and over again and the repeat was such you know availability that you don't have to Realize that that something's going to go crazy on you because they are repeatable and They're tradable and also they have a predictability with them and that's the real beauty of the chaotic market So let's Follow that as we follow through some of these charts here this morning My goodness only one other minute to go here and then we're going to see what's going on here I've got something to It's very very close in here. We want to be real close. Let's just be okay boys and girls. We're in the old ball game here All right, uh, let's move on here one other thing I wanted to do I think that's about all the thing I wanted to cover this morning if you have any questions It's 877-927-6648 and as I mentioned We will be looking at uh talking to dr. Steve Shapiro tomorrow That will be a pleasant. I mean, I I love talking to him anyway, but it'll be Extremely pleasant because of the fact that a lot of things some memory lane that I think you'll enjoy Some of the things that we used to do and chat about and stuff It's uh, it's always a lot of fun. So we're gonna think we've got a uh thing to pay off here Well, by the way, if you want, uh If you want tom or two guards book, uh, I would really suggest it's www.tradertom.com It's going to be published, but you can get it in pdf file Now that's 181 pages. Really great stuff. He's a super trader folks If you don't pay attention or if you don't want it if you don't want to uh, listen to that That's okay. You don't have to but you know anytime you got somebody that that's good You you ought to you ought to sort of pay attention to it because uh, it's important 877-927-6648 I'm certain you are or strive to be one of the best of the best at everything you do in life It's the most common trait that we tigers and tigers share If you're looking to become the best of the best when it comes to managing your money Let me teach you to do what most wealth managers tell you can't be done Which is how to time the markets I'm steve rhodes author of mastering probability and for the last 12 months Timer digest has been tracking my newsletter signals Which have earned me the ranking as their number one market timer in the nation for the s&p 500 for the last 12 6 and 3 months timer digest also ranks me as the number one market timer for gold as well The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best At what I do sign up for mastering probability today by clicking on the newsletter tab on the home page of tfn.com And get immediate access to workshops where I take you step by step How to use an extraordinary set of tools as well as provide great market calls to sign up today If you haven't checked out the newsletters page of tfnn.com What are you waiting for all of the tfnn newsletters are informative up-to-date Affordable and must have for every trader looking to gain a competitive informational edge in today's markets tfnn newsletters cover every aspect of the markets to offer you the very latest in market news Plus new subscribers get to test drive our newsletters risk-free for 30 days From all aspects of the markets including stocks bonds metals commodities and tech There's a newsletter to fit your needs exclusively from tfnn Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game Visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors Basil Chapman has just announced a live 90-minute webinar He'll be conducting for subscribers to his daily trading newsletter the opening call Which will be taking place tuesday november 19th from 5 till 6 30 p.m. Eastern time Titled a comprehensive review of the Chapman wave techniques and market outlook ahead for 2020 This is a great time to sign up for a 30 day free trial to the opening call while gaining access to basil's live subscriber event Taking place later this month with some stock picks up 15 to 30 percent this year alone Basil will review many of the Chapman wave techniques that helped in their successful analysis As well as providing the sectors and stocks that he thinks will be of importance heading into 2020 For all the details check out the opening call on the front page of 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, folks, let's move on here for a second here And I want to bring up a chart to let you take a look at it because I think it might be interesting today to watch this because this is the Hold on. I think I did that. Yeah, hold on. Just a second here. I want to make sure I get it up here This is the artificial intelligence program. We're watching here for the dow Jones We've we've rallied about 70 points here since The open and but watch the time folks at 10 30 if it's making a high up there at 10 30 Watch it because that means that there's a possibility that it could be down for three or four hours I know that it's mathematically impossible to have that happen, but it is certainly In historical terms possible. So sort of keep a Close eye on that. It'll be very interesting to see, you know, what really happens And of course, it could go to the moon too. You don't know We did take out the overnight high in the s&p. So that'll be interesting We still got the the gold has not really turned yet and I would be Be really I'm very very bullish the gold if we can stay above this 1448 level we're trading at 14 53 right now But we could go down and take it out one more time But I don't think we collapse from there But if we do boy, that's telling us something about the metals folks That means that those metals are in really big trouble because you have perfect symmetry In that in that gold market. I mean it just cannot be any better. You're right into 3a2 You've got the number of days between highs and lows and they're both 3a2s. My goodness, that's a That's a textbook stuff. So that's very very important to pay attention So we'll have Steve Shapiro as our guest tomorrow try not to miss that folks He's a super guy and I'm sure you're going to have some fun. I know I'm going to have some fun I'm really looking forward to it. So that's that'll be a fun thing to do So live every day in an attitude of gratitude and may god bless And try to do something nice for someone who doesn't have as much as you and that's Just about anybody you meet on the street. Am I correct? We'll see you later folks. May god bless