 The following 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, looking good Billy Ray feeling good Lewis. Well folks, this is the six 17th of October in the year of our Lord 2022 I want to go back into history first of all I posted a chart of the E-mini S&P showing you where we were Sunday night coming in exactly at the 61% Retracement, I mean it was so it was within two points folks on a contract. It's worth a hundred and some thousand hundred fifty $30,000. So it's it was really quite accurate as you can see we went up and we made the 78% level at 37.02 We rallied a hundred and ten handles and we've been going back and forth ever since that time Let's go over history just a little bit because for me This was one of the most emotional days of the year in my whole life. It was actually the 16th Was Friday Friday the 16th of October? 1987 and I had just covered my my positions actually didn't have to cover them They just expired worthless I bought some puts on October the 2nd and I covered them on the 16th They were way out of the money when I bought them and they were way in the money when I when they expired And it was one of the largest it was the single largest percentage gain on an investment that I ever made I put 10 $10,000 into those puts on the 2nd of October of 1987 and I cashed out with about 220,000 on the 16th right on the low tick with the Dow down 106 points. I was happy as a lark I just I was able to cover all my daughter's Education back east and so that made it worthwhile and then that following that following Saturday there were all kinds of weddings that I had to attend one of them was on Sunday when Eddie Horowitz got married down in The Beverly Hills Country Club Peter Lides. He was there PQ wall there were just a whole lot of people there and Eddie toasted to all the people That didn't listen to him because the crash was going to come tomorrow on the 19th of October and by golly He sure had that right and their anniversary will be tomorrow and I always meant remember it because my gosh It was certainly an emotional day folks I don't know if a crisis going to come or not all I know is that it was set up today to do exactly that All it had to do was to gap down and when the when the British pound did not go down on bullish news Excuse me on various news boy. That was something actually opened higher. In fact when the markets opened higher I did something that I don't usually do and that is at that time I put up a beautiful Charts of the things that were happening on Sunday night showing in which markets were doing what and where the 3a twos might Be and stuff like that and the most important thing I said was you know, we didn't go down on You know bad news and that means you know be really careful here We're probably getting ready to rally and by golly. We had a little bit of a rally and the way we went To the upside and it didn't take very long to get it started And then it accelerated as we got through the middle of the night when it appeared that the folks over in the UK had was coming out with Jeremy Hunt their new Chancellor of the Exchequer and He was gonna write and he is very he's Oxford train folks he knows to put all the words in the right places so he is really a smooth dude and So we'll be able to follow him through the years if he lasts more than two weeks over there But we'll have to wait and see if that in fact occurs now Folks markets go up and down all the time So, you know, you don't have to be excited just because they do one or the other because it doesn't take long for them To move and they get overbought and oversold and as we know we live in interesting times Which is the Chinese curse and that is something that we really have to pay, you know close close attention to him Our guest today is hopefully going to be miller bill meridian if we can reach him He was supposed to be on at one o'clock, but evidently he's been delayed a little bit Hopefully we'll have him on in just a little bit and we'll be able to see what's going on with bill Now I wanted to bring another chart up here to talk to you about and that is a chart of Pepsi Someone's asked us to talk about Pepsi Cola and I'll get this up here personally. I'm not a Pepsi man I'm a Coca Cola man and let's get this up here and take a look at it here It is right here and you can see here the question that the gentleman at this a weekly chart of Pepsi And if you notice here, you have three drives to a top pattern you have drive one here Drive two here and drive three right here now if this top Would have been just a little bit lower so that it didn't get any higher than this one that would have made it a butterfly pattern That's the difference between a three drive to a top pattern and a butterfly the middle one has to be higher Number one has to be higher than number three and that's what you have to look at So that is a three drive to a top pattern and as you can see on the way up We make a beautiful ABCD finishing up in here. We've broken down and we've had a tremendous rally here these last few weeks here in Pepsi going up to a little right about the 61 percent retracement. So that's what it looks like with Pepsi So let's pay attention to these things and then we should be we should be okay, and I think we'll be alright Okay Now let's move on here and take a look at another one that we want to be watching and that is the chart that Larry Williams sent to us About oh my goodness two weeks two or three weeks ago. I posted it in here Warning us of the fact that we were looking at a market that was so oversold that it was oversold more than ever I mean going back 45 years folks going back into 1980 when the market bottomed right down here You remember who was elected in 1980 right Jimmy Carter left and Mr. Reagan came in well That's how low the market was at that time and we have taken that out That's how look at it. So we are so oversold long-term that we could get one heck of a rally in here And we're getting it right now and we could easily go up I don't think we could make new highs in here because I think you know the overall Economy looking at the technical cycles and stuff has really Changed a great deal now Let's talk about the market just a little bit in terms of what it's really all about and that's about money and Money is reflected in you know what folks the US dollar and all the currencies that are involved with the US dollar and Including the British Pound and the Euro which is 50% of the 53% of the dollar index And that's what you're looking at here. You can see we made that 78% level up here. We completed the a Bcd Absolutely, perfectly there at the 1.618 Okay, and now we've come down and we've rallied up seven days stopping at the 78% level And it's gotten hammered today because the pound took off the Euro took off everything took off even the Australian dollar Which has been really been hit really badly made a long-term bottom in the weeklies For all the Australian dollar just if well as I think I can bring that up to show the folks what it really did And that would be fun to look at because we we got a break coming up here That'll give us a chance to put the chart up and then also give us a chance to Get ready for our next segment The time of booming inflation we are purchasing powers eroded There's no better place to protect your harder and money than ain't gold Vista golds flagship asset is the Monk Todd Gold project in the northern territory of Australia This is Australia's largest unveloped gold project. 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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 30 days risk-free With our money-back guarantee at TFNN.com TFNN educating investors 877-927-6648 internationally at 727-873-7618 Okay folks, we've got Bill Meridian of Cycles Research on the line to continue his program that we had on Friday Bill, do you want to continue please? Yeah, hi Larry. Can you hear me? How are you doing buddy? Okay, you can hear me. Okay. I presume you're coming in perfect my friend Just like we're on a spaceship or something or satellite dish. Go ahead buddy Okay, let me figure out how to share a screen again here it is right here one. So you've got my screen I think so. Yeah, I think we're all I think they think we're okay. Just let me double-check with Al and He should tell us he's nothing coming up yet But yeah, you're up and running buddy fire away. You're ready to go. Okay. Well when we left off Let's see over here with the dollar, which I think will remain strong But I always get a good feel or read from looking at the auction markets Because as I've said before in New York in the 80s, they said they used to say that Cocaine is nature's way of telling you you have too much money. Well, the auction markets are telling us that there's way too much money in the economy So excessive credit creation distorts the markets. These markets are the economy's way of telling us there's too much money around and Great excesses signal tops of bubbles. So Larry, we've been in the wrong business. So these years the pwc c 100 is Baseball cards. Oh God, yeah, and you see the s and p 500 at the bottom and you see the baseball card index at the top and blue Wow, so there's so much money available That money has spilled over out of the equity markets the bond markets the real estate Cryptocurrencies and into virtually. Yeah, if you own anything physical, it's probably up in value So here's the Actually, it was it was supposed to be oops New computer Michael Jordan Jersey from the 1995. Yeah, I know went for four million dollars for a jersey And I think I'm a Mickey Mantle baseball card. I think would for seven if I remember correctly But anyway, one of the reasons I'm I'll talk about the market in a minute But bearish on the economy is because The real estate cycle which is I presented this before and it's 18 years long and the last time in 2006 I think I advised Everyone if you've got any real estate because it is a liquid it takes time to sell Make sure you've completed your transactions by June 30th That was 2006 and of course, you know what followed that So it's 18 years in length. It breaks down into four seven and seven year segments There's a four-year crisis or bottoming phase, which I think is about to begin There's a seven-year recovery phase with moderate price rises There was a seven-year accelerating phase that leads to a top And if you read the book by my friend Phil Anderson the secret life of banking in real estate Phil credits Fred Harrison and his book boom bust for tracing history to find this cycle Let's look at it Here it is straight from Harrison And back when I first learned about this we were back Here and back here where I have my pointer is Where I bought the place I'm in now, which is multiplied in value by four times And I said to Phil if you add seven years is the next top then in 2016 because that's the year of the presidential election I think a pro business candidate will get elected. So this makes sense. One confirms the other So what happens is after seven years of recovering from the shock of the down period people Moderately by real estate and after seven years they figure it's okay to jump in So then the seven-year accelerating phase starts of which the last two years he calls the winner's curse the last two years And uh, that would be this year and last year 21 and 22 And so I then said to Phil then the top should be 2023 Which is next year, but you you look at the news larry and you talk to people about real estate or You know, you see what is going on the average house was on the on the market for only 18 days And people were buying houses site unseen houses where the ground haven't hadn't even broken yet That's now starting to crumble and prices are starting to decline so 2023 24 25 and 26 should be somewhat difficult for real estate and that prices will fall So that's the four-year period, which means we don't start. We're not back here yet until 2027 and my my point in this other than It being a cyclical curio that tends to work Is that a lot of people base their consumer spending on the inflated value of their real estate of their homes They take out second mortgages. It gives them great confidence If you bought a place for a million bucks, and it's now worth two You feel you can afford that additional car or to redo the kitchen or whatever So look at the condition right now with the higher Prices in inflation and then try to imagine that evaporating So I don't think this of course will hit disposable income and as my friend in Europe Felix Zuloff who was the most successful fund manager in europe in the 90s Said that analysts have not really started to cut their estimates yet They cut their price targets on stocks when they started to come down So I think you're going to see a rough earning season coming up I'll mention a couple names in a minute, but the that is the real estate cycle Here's a sign of a top that's mortgage payment as percentage of income is now higher than 0708 So here you see 0708 and here you see Where we are right now that's mortgage payment As a percentage of income So you could say mortgage payments are up Or income is down or some combination of both So this is uh Not a sign of people being able to afford real estate So another sign of a real estate type top home purchases are getting canceled at the highest rate since 2020 This comes from my friends at redfin in london That's now almost as high as it was back in 2020 So cancellation of home purchases from a low down here of about 10 were up to 16.1 and that was in july of this year Here's another sign record share of home buyers make offers site unseen Well, look at this 2015 2017 so december 2020 now this data is About a year and a half old So that i'm convinced is coming down right now. I don't have the latest numbers in front of me So This i just wrote up and put in forbes this morning going back These are miscellaneous developments Of which cryptocurrencies are one I met with matthew melan Who is the backer of bit coin who i think multiplied his own wealth about seven or eight times So by his involvement in bitcoin and when i met him he said he's getting a bit frustrated with the guys He's working with working with software engineers and i said i know what you mean But he said the government has contacted me about creating a government coin and i was waiting for this Governments will not pass up this opportunity To have their own coins so they can trace all transactions So they said to him they started negotiating with him about uh him We got to pay a few bills stay with us with that thought with mr. Melan We'll be right back with bill meridian of cycles research folks Give us a few minutes four minutes and we'll be right back 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 h ui 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. 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You were born to be tfnn educating investors This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Okay for back folks speaking with bill meridian cycles research about bitcoin and bill melan You want to continue bill? Yeah, well Matthew melan backed Matthew. Sorry. He told me that they are the government That contacted him about creating a government cryptocurrency, which is something I had expected so I said to him when I thought about it I said, you know right now it's the wild west It's like those periods in the united states when banks could issue their own currencies And some backs were well run and the currencies were sound and others were not and My guess is that when the government comes in with rules and regulations That's going to sink a lot of the smaller cryptos But you have to remember they're the government They can offer incentives that private industry cannot like if you pay your taxes With the government new government currency. You can deduct one percent from your payment Uh, I had dinner with a client Who just flew up from the Bahamas? One week ago friday night in new york And he said bill do you remember that you said what I just said I said, yes He said in the Bahamas you can pay in us dollars Bahamian dollars or a local new government cryptocurrency if you use that you get a discount So it's already started So I think that the root my boss once taught me he said Shorter term the market movements are supply and demand imbalances, which you can measure with technical analysis, but longer term It's more fundamental. So tell me what's going to happen in two three four years And I'll give you the ideal investment strategy so I I think the big fundamental that is depressing cryptos right now and causing it to go sideways in a range is the waiting for this This to to occur and when it does occur I think ethereum and bitcoin will still be there, but a lot of the smaller crypto currencies will not be able to compete They'll just be submerged. They'll be it's they'll go the way of the packet in the duzenberg and the studibaker To borrow an analogy from the automobile industry So that's what I think is happening there and you know, I I have two friends there. They're setting up a 24 hour We never close seven day a week crypto currency channel that's going to be online and They they tell me there was there was a 24 hour crypto currency event live band fresh food music for 24 hours and he met Met a 30 year old guy who's got 10 million dollars And he met a 22 year old who's got 8 million dollars And I said did you meet any eight year olds who have 22 million dollars because that's what I expected to hear next I said, you know This that is assigned as an old saying you know, it's a top when too many stupid people are making too much stupid money And I think that was the case Wow, that is that is the case and there are guys who came on the internet Who are preaching and bragging about all the money they made they seem to think that happens every day that it's natural and the same guys are now which like Uh, you know, I made a million bucks at the stock market and how I lost a million bucks in the stock market so that's My fundamental take on cryptocurrencies and I'm telling you I've gone buggy with my own cycles program if you Extract or compute all of the daily weekly and monthly cycles in cryptocurrencies and you print it out You wait a month or wait a week and run it again The links to the cycles are all different which tells you that the market is too unsettled. It's too new There's not enough price data To really make any accurate predictions. That makes good sense. Yeah Wow, and the other the other fundamental that As developed, uh, I I spent my first What let me think Was it five? I how I have three to five years out of school doing fundamental research for the life insurance industry And so it's an industry. I know pretty well And by statute they have to keep I think it's 70 I think it's 70 percent. Maybe it's 80 of their Liquid funds in bonds and during the 70s when rates went up to 15 percent Do you know what would have happened if they marked those to market the insurance companies would have disappeared Now they buy they buy the highest quality bonds And they hold them to maturity and also they may very well have hedging programs that larry I think you can agree. I'm trying to think of one successful hedging program that's been run by a very big company I I can't think of any Uh, they could buy they could buy the etf tbt because that trades three million shares a day and that increases two to one As bonds decrease So number one, you know, I remember the 70s And this was the case interest rates went to 15% and remember, yeah on on if you mark to market All the major insurance companies were insolvent Now what's happening is as you may have read death rates have jumped dramatically. They're up 40 40 percent and actuaries have a very Good track record it. They they they can anticipate death claims Well now they're getting bombed with death claims and the bond market is down So I think the next financial crisis on a fundamental basis maybe within the insurance industry where the government has to step in and You know a couple things that are certain the sun comes up in the morning and people always pay their insurance premiums That's one thing I learned in the insurance industry and As one executive said to me to mess up an insurance company You don't only have to be stupid. You must have malice and he said the great cash machines because people always Always always pay their insurance premiums and it's like when the cell phone boom started in the 90s and I was in Abu Dhabi And uh, you know, well bill explain to us the fundamentals you borrow I see the fundamentals of people like to walk around talking on a cell phone. I said, that's the fundamental And so What do you want me to tell you, you know Yeah, in china, everybody gets a cell phone from the government. There's no cash anymore. Everything's done through that telephone I didn't know that. Wow. Oh, yeah, there's not even there's no there's no coins or paper money at all It's all done on the telephones even the beggars get their telephones Okay. Yeah, so that's another, you know A way of looking at it too because it's coming in other countries. It's going to come here too I'm sure Now the effect of the russian war because I live in vienna half the time people. I don't have any special insight into it but when We bought property in vienna 19 or 20 years ago. We had an apartment. We bought a house And people asked me why well my wife's family was not in good health. So that's why she's an only child That was one reason but the other reason I knew from that 18 year real estate cycle There was going to be a crash in real estate and I didn't want to be buying into a market and watch the market value sink below cost the Vienna market the austrian market had no place to drop to because it had never run up People and they have a peculiar real estate habit. They will hold on to a property And they'll pass it from generation to generation And there's the black woods is a very nice area And somebody mentioned to me that nobody ever sells real estate in that area. They just buy it and they hold it They never sell it and the houses are built to last forever switzerland too so It's not a very liquid market. So the russians came in and they did me the great favor of boosting all our austrian properties And I had an american friend an american mathematician who Has a girlfriend had a girlfriend who's a russian lawyer and the only thing she did Was make arrangements for russians to come into austria getting them visas opening up bank accounts So that has now started again And real estate prices are now up year-over-year in dubai 89 percent prices have almost doubled and That is I mean the minute I heard this this has bailed a lot of my friends out of their dubai property Because they were supposed to be a world expo or something like one of the Okay, I'm gonna have to stay with us another who've got some questions But let's trace the story about dubai. I'm certainly interested in that. We'll be right back folks bill meridian cycles research 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? 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Do you want to continue? Please and I have a few questions at the end of the show So please go ahead. Yeah. Well the russians their favorite place in dubai In d.o.a. Is dubai not abudabi. This is the commercial hub and i'm telling when I lived there I think there was not one month a week that went by when some russian was found floating face down in a canal or in the water offshore and so The other thing the russian war has done. There's now a program of shortage Because most of the coders a lot of guys used like i'm in the board of the foundation for the study of cycles A lot of those guys now don't have guys to do their coding because they were in ukraine or in russia And I was negotiating with a serbian company and they said bill it's unbelievable the salaries have just jumped enormously You know, you've not only got the internet of things you not only only have the metaverse And all the software that's in existence needs maintenance needs changing and upgrading but now you've got this War which has taken a lot of these people out of the market And I also wanted to say that a russian friend of mine translated putin speech to me when I was in vienna And well actually it was after I left vienna. It was by phone And she told me that what he said was we are you know, believe in the family unit here We believe in safe borders. We believe in safety in the streets and we believe in the integrity of the family We're not going to go for any Uh, woke philosophies or Gender transitioned or anything like that another she sounded like I guess like ronald reagan would have sounded, you know many years ago so I thought that was quite interesting to hear that from her so Anyway, just to I'm just finishing up What was uh last friday's presentation, but right now we are an option expiration week in october Just to shift over to the markets and you will notice that monday over the last 40 years In option expiration week in this month has been the strongest day in overall You see you look at the graph at the the line at the bottom. It has been an up week strong on monday sort of flat on tuesday week on wednesday, but strong on thursday and a little off on friday That's this week Now next week, of course is post opex week and we get the reverse Now the the red bar by the way is the odds that the Market will be up on that day, which you read over here. So that's about 60 percent On monday, and that's about 50 percent on tuesday and so forth The blue bar is the percentage gain So here you see the the the number had actually been negative on monday And the green bar, which is what i prefer to look at is the expected return in other words It is the odds that the market will go up multiplied by the Percentage change gives you the expected return and you'll notice it's negative negative negative positive and negative so That will take us into Let me see the 24th will be this day right here The 27th of october is the average low in any year in the dow jones industrial average since about 1915 It is also the beginning of the buy in october sell in may period Now whatever I speak about october It is the single most volatile month. It has brought the biggest number of one day declines And it usually closes on the upside And Let me see I think sentiment trader has done some work and I know laurice has done work on these up and down days you can measure them in volume in breadth or in price I prefer price because volume has become very distorted as we've moved toward decimalization and so Bottoms are made of numbers of down thrusts and up thrusts and that's what we're saying So this is a bottoming process So i'm pretty certain that the market is going to be higher one month from now And according to my one four ten year cycle, which I think I showed you last time, but I can If I could find it again because now i'm I'm in a document that's not part of the presentation, but let me try and find it The one four ten year cycle has bottomed and here is the summation of those three cycles And right now we are about we're about here so The market uh did not bottom in early october it's two weeks later, but it all is not lost and If you're looking at any uh one stock to buy the strongest stock in the month of october is usually apple It is extremely weak in september down about 65 percent of the time but up 70 percent of the time in october So if you look at the relative strength with the market being down Do you know at larry apple's relative strength has been up all during the spare market In other words, it's outperform the average stock in other words It's down less than most stocks and those are the stocks you want to own with the market bottoms And we are in earnings Week and uh, let's see with the 17th now the 18th Before the open which means you can only act on it tonight Uh, I think johnson and johnson j and j is going to sell off in their earnings announcement now This I call the earning surprise method. Uh, if you get a concentration of cycles On the day that the company reports earnings the effect is magnified that's just A statement of fact if you read the financial analyst journal It'll tell you that volatility is greatest when companies report earnings because obviously not all earnings estimates are going to be right on the nose So it will be low so it will be high and people the price adjusts accordingly So a cycle which may only move a stock by half a percent during normal times may move at three percent On earnings day, because all attention is focused on that stock. That's the method So j and j i'm bearish on that they report before the opening tomorrow and um, uh goldman sacks gs the same thing Both look bearish and those are the only two I have because I haven't had enough time to go through the rest of them Uh tesla, which i'm extremely interested in has got both positive and negative cycles at the same time So we may to get what's called an outside day You may get that stock all over the place on the 19th When they report or they report after the close so that would be the 20th Uh bill do you have any memories of uh 1987 you'd like to share with us? Yeah, um I do because I was at painweber And uh people always ask me What did what did you like the best I said being at painweber and I said you gotta be kidding You were managing a big portfolio and in Abu Dhabi, I said well, you know, I had a very good boss jim mccarthy's a very good guy and we work well together and um The market was uh rallying and he and I Well, he and I uh kirsten predilla the two strategists They went bearish in january Nine ten months too early and as a result all the calls were flooding through to us because they these guys kept talking the market down The market went from 1900 to 2700. We were still Bullish and they were bearish So this set up a lot of resentment probably had something to do with me getting laid off. But anyway A lot of people were laid off that the day after that that's for sure Well, it took them a year to figure out what was going on. But anyway The uh the market went up into august 25th and archcroft correctly said that that was going to be the high day I remember very distinctly bob prector and I disagreed with him in a phone call And then when the market came down I said gee, I think you were right and it bottomed on september 20th 21st And that rallied up now the point at which you know, he and I were both in new york I said I agree it was october 5th to 6th. I think was the high I said that day is a turning point. You've had a big move down. That's a you had a big wave up That's b This is going to be a c wave now if the a wave was as long as it was the b wave the c wave is going to be terrible It was far worse than any of us thought And it was Hey bell, thanks for joining us, buddy. We'll have you on again in a few weeks if you I really appreciate it Thanks for coming on here to bring you bet, buddy. Thanks a lot. Thank you. Bye bye. Psycho's research We'll be right back folks 8 7 7 9 2 7 6 6 4 8 Vista gold owns and operates the largest undeveloped gold project in australia the mount todd gold project Vista gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista gold has all major permits approved and has retained c i b c capital market assistance in evaluating alternatives and in completing An accreted transaction. Vista gold trades on the nyse american and tsx under the ticker symbol v gc Vista gold executing a strategy to create shareholder value 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 in 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 tfnn has launched the tigers den hosted at discord tfnn has been educating traders for more than 20 years With live programming hosted by a variety of professional traders during market hours the tigers den available to all tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com 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, folks. I post as one of our little dear friends here On the chart here today. This is the chart of the dow e-mini. You can see sunday night We made a low at the exact 61 percent retracement and guess what happened right after that folks We had a little party and it was not a tea party It was a 3a 2 party as you can see the first 3a 2 retracement came in here The second one came in here and the third one came in there 3 in a row bada bing bada boom virtually trading with the trend very little risk involved, but It's really an incredible sequence of events when you watch these 3a 2 patterns Now tomorrow our guest is going to be none other than Jeff huge of alpha insights on the 18th of october boy what a day that was Anyway, let's say keep in mind folks. It's not about how much money you make It's about how much money you don't lose so always use your stops Keep your head about you and don't get involved with the stuff that's going on in them, you know In the market that you hear about that may or may not be true. Follow the charts They'll lead you to the promised land and that's really what you want to be looking for So tomorrow it's jeff huge on wednesday. We have um Adrienne toga ray and on thursday, I think we have tim bossed and on friday We have paula web douglas will be our guest. So live every day in an attitude of gratitude And may god bless and we'll see you on the flip side tomorrow, so thank you for joining us and uh, we're going to see you then. Bye. Bye