 Traders sign up today and become a part of this educational community of traders. Just visit the front page of tfnn.com The following is a presentation of tfnn Trade what you see with Larry Pezzavento Call now toll free at 1-877-927-6648 or Internationally at 727-873-7618 Now Larry Pezzavento Okay, folks looking good. Billy Ray feeling good. Lewis. We are going to take a look at the treasury bonds today This is the frustration index of 100% We had an order setting there at the 78% level it missed us by three pips and has dropped a thousand dollars Nothing you can do about that folks. I you have to pick a spot to go in and that was I shaded by a tick or two But that still didn't get there So that was a trade that'll still be valid for monday might even get it today. Who knows But we'll be watching that one very very close. There's triple abcd patterns coming in there at the 128 23 level It also is the exact 78% level. I've got an announcement to make I'm excited to tell you about something new that's been happening in my life I was contacted yesterday by a firm out of London and they want to do an autobiography of me and they're going to do it in a different way They're going to do it on a podcast and a very famous trader is going to be interviewing me for two hours We're going to go decade by decade from the 60s 70 80 90 2000 2010 2020 seven decades folks of how I got into this business the mistakes I made what I learned the people I met Did you know some of the things I regret not much to regret? I tell you I really haven't there's some of course But second guessing never gets anywhere It'll probably be available sometime late summer would be my guess because they're going to have to Be edited and things and I've got to find out how to get two clean shirts in case it lasts more than two hours but it is going to be a major thing for me and I had to go through an interview with these dudes to see if they would like to do it They said we want to do it, but show me what we'd be talking about So we went through the 60s and 70s and the guy said that's enough We want to do it. So it sounded pretty good. You know how it turns out. I don't know I'm going to donate the money to charity and uh, I hope that You know, they'll enjoy it very much. Of course, my favorite charity is santa nita park over there and in Pasadena and that's a joke folks Let's take a look here one other one Speaking about a frustration index that I got a lot of things on first of all, let's just talk about here Is what we were looking at last night in the The s&p when it started to break What we were looking for was to sell a 382 retracement today And we got that 382 retracement up there at 44 12 We went all the way down to a 43 83 drop 30 handles now our stop on that is at break even It's been as high as 4305 or 4306 is the last I checked So as long as it gets back to break even here, uh, we are out. We don't want it First of all, it's uh, the market will come back that far So far it's only come back 78 of it, but if it gets any higher to that It's basically a break even trade. We did the same thing in the natural gas today We ended up making 150 even though at one time we were up 750 folks I can't control those things. I hope you understand that because it's not about how much money you make It's about how much money you don't lose now. Let me explain to you There's one market in fact, so there's two market But the main one is the gold market and gold and silver run hand in hand I want to show you this chart on the silver Okay, now this is just a 13 minute chart over the last couple of days But I wanted you to see the fact that how these ABCD patterns really work on a shorter term basis. We've seen it many times But this happens to be one of those times you see a perfect ABCD three drive to a bottom there at 22 14 And believe me folks, there's where we're there's where it went all the way up your valley 65 cents Okay, and I the people started from the 24 seven. Oh, we've missed the bottom in the gold We missed the bottom in the silver and I said, yes, that's possible But you got to have patience and make your stay with the plan You know, that's what we got to do. You can't just get in there and just start chasing stuff You're going to lose money and what has happened silvers drop 60 cents from the high and golds drop 22 dollars from the high So there's a perfect example that if you don't stick with what you're doing You know, you're going to be a chance once in a while You change you chase one of these things and it's going to be okay But frankly the number of times that happens is not going to be very often And that's the main thing now show let me show you one that I missed you talk about really screwing up I've been following beans and meal and corn and wheat and everything else You know the stock indices and and the gold And the silver and the treasury bonds and I forgot that my one of my all-time favorites Is the euro yesterday and look at this folks. I missed this this was one that I I woke up this morning And I didn't know the what happened to somebody did something with the Fed I guess I don't know but look at the 78 percent level was right there yesterday Now that's the first sign you got to look for something to the downside. All right now And as I looked at this this is of course done in retrospect Which you don't get to cash that at the bank very often But look what happened to the treasury or to the to the euro after that top was made You're going to be able to see a very simple a beautiful one three five pattern And there's your 382 retracement Okay, and we went all the way down here And now what we want to do is we want to sell That rally back at the 382 So that was the order that we had sitting in there for today And so i'm just going to give you a little heads up of what it looked like And I hope I am anyway. Yes, I am so bear with me here Stan Harley is going to be our guest at the break folks always got some great stuff From the harley stock market letter And as you can see here, we just missed this by about 20 pips. We still might get it today And if we do I certainly want to be short there with a stop right above the 61 percent retracement Very similar to the same pattern that we saw in the e-mini s and p So that's just you know what we're looking at You know here so far today If you have any questions, it's 877-927-6648 Now I wanted to bring to your attention a couple others that we've been following very very closely And of course, we're talking about the corn market We'll get the corn market up here Let's do soybeans first because that's the first one that's popped up You'll be able to see that we've come up and we're now we're down for the week about the 40 cents It dropped 70 cents from the high you can see there is the the butterfly pattern up at the top There was a 382 retracement yesterday right on the open Today's low This has not been updated folks, but the low was hit Perfectly, we rallied a little bit and now we're below this low So telling us that there may be some rain coming across the Midwest At least that's we're expecting and then that means that market would probably go A little lower. I still want to do the corn here I know I put the corn in so let's just uh I don't know anything so let's just double check to make sure that I did Shut the front door and raise the rent what happened to my corn chart Well, I'm not going to worry about it got to move on and we'll get on to the crude oil So here's crude oil yesterday Those of you that follow strong trending markets I want you to be able to take a look at this because there's another perfect example Of how the 382 can help you look at these 382 retracements folks And the last one that we got down here was a really big one to the downside And then after that was hit after that was hit look what happened We finally get a really strong rally and we're almost back to the major 382 Of the whole thing. So let's get that. Oh, shut the front door. What did I do wrong here? Hold on We'll be right back folks eight seven seven nine two seven six six four eight Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures Forex stocks and options Teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar swiss Dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds As they both influence forex markets tremendously when you sign up for the tiger forex report You also gain instant access to teddy 60 minute webinar archive He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today Visit the front page of tfnn.com tfnn educating investors 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 at 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 Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the market's open to give you the competitive informational edge you need to succeed These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com tfnn educating investors Free at 1-877-927-6648 Internationally at 727-873-7618 Okay, folks, I've posted the four-hour chart of the gold. This is the one that we've been watching You notice at the level that we're looking at here is 1909 and the goal that number actually is a split between 1915 which is the 382 retracement and then the 1905 Which is the a bcd of that big move now all i'm doing here showing you this four-hour chart because what happened last night You know it was I was surprised that it looked like when it was trading in 1919 that it was a You know flat-out lock that it was going to get down there But it did not it rallied 30 dollars all the way up to 1949 And now silver would been up 60 cents is now down on the day and we're coming down Lower and lower now what was interesting when people started dropping the email saying gee did we miss it? Did we miss it? And I said, uh, it's still too early to tell because all that high was today at 1949 was Yes, johnny. I see you're holding up the 382 plaque. Yes. That's it folks You know I've done a lot of stuff over my years But I'll tell you one thing if you had it if god sat down with me She said you only get to use one thing and only one thing only I swear I would be torn between abcd and point 382 And I'll tell you that point 382 is the simplest easiest thing to do You just put your put your order in at point 382 put your stop above point 618 And it's going to win it's going to win a lot more than it's going to lose because a You're trading in a strong trending market and b the trend is down And so those are good things that uh come to those who wait. So that's why we watch it. So Very very close. It's going to be really interesting to see how these markets come in next week because We've got a lot of cycle stuff coming in from bill meridian That he talked about remember the middle of july as some of some very important dates coming up. We have Stan harley will be coming up with his dates. Well, which are always pretty good Very not pretty good very good. And so we're going to be looking at some really great opportunities and and the volatility is getting You know, it's actually it's decreasing not increasing that there's no one There's no fear in the market at all that fear index so far hasn't even budged. Why would anybody be afraid? I mean, it's the high was 49 45 49 95 and we were trading about 44 something So it's it's down but it's just down 100 points That's nothing in a week for the s&p the nasdaq's down a couple hundred because it's had some more problems to it But that's pretty much yet the main stock in the news from our perspective Is the stock of tesla and we brought this to your attention because we've been waiting for the tesla pattern Pattern to complete. Let's get this up here here And we'll be able to take a quick look at it if you like a bcd patterns and we do You'll take a look at that right here. You'll see There's where it went to exactly 78 percent level of the high we made back here in february and then look at this 61 percent both of them coming together at 276 and the high was 276 99 It's now trading 16 dollars under that not a big deal and if we close above that this thing could be off to the races It's certainly good Just because you have these overbought conditions does not mean these things can't go higher folks We've seen it over and over again And that's why you've got to use some stop protection when you're in here Otherwise, you know, you might as well throw the cards on the table and let them You know fall where they may and that's not fun Especially if you're playing with the big boys. That's the one thing you don't want to You don't want to get involved with okay now. I want trying to find that corn chart the corn chart looks just exactly Just exactly up guess what Billy Ray found the corn chart. Hold on just a second here again You had some really good indications yesterday that we talked about and that was the fact that we had for the first time Broke a three eight two retracement the perfect abcd there We rally up 20 cents. And what do we do? We start breaking it. There was another three eight two retracement So what we've done now has got a pretty good correction. No just a two or three day correction And frankly if if I had to you know, roll the dice, which I'm not going to roll the dice I would be inclined to be a buyer over the weekend But the trouble is Because of a weather market they've got your stop is probably not going to be Filled where you think it'll be filled. So for me, that is not the case I will look at it sunday night and if it's tradable sunday night. Yes, I will take a position in it But not over saturday and sunday. I have no control over that. It's it's in the Hands of the trading gods and as much as I love them. They don't always love me So I am going to wait till sunday night to see if what's going to happen It might give a good selling opportunity It might give a good buying opportunity But the opportunity that I worry about is opportunity and risk in chinese literature folks You know, if you write the word opportunity and if you write the word risk, it's exactly the same The meaning comes it's how it's used in the sentence So opportunity and risk in the chinese language are the same thing And that's one of the reasons why i'm a license plates in my car say No risk and I have to tell you the story about the no risk. I think I have you how you've heard it before Anyway, this is why uh, I I use no risk Because I try to be risk averse but boy sometimes folks I really screw up and I don't not for the tf&m people I won't do that But sometimes for myself Because I have confidence in what I'm doing and I know I can make it back quickly I'll maybe take a little bit larger risk than I actually should And then I get myself in the rear end and get back into the game plan That's got me this far and uh, I'll tell you folks after trading six years at Drexel And I did very well during those six years. I I proved to myself empirically that a b equal cd worked John Jameson wrote that book The floor traders handbook that proves that it works. I mean this was all the mathematics behind it And the hard work that went into it and getting all the statistics together You know, we did a really great job with that 90 minute video and 90 minute pdf file But that proves how abcd's work. It was done with the euro That's why I was so darned upset when I missed that 78 percent level up there at 109 and changed That's a $1,500 move folks with a 30 $300 risk and I and I missed that of course. We had some others Yeah, and I know you can't get them all but when you miss an easy layup like that and one of the favorite things that you trade You end up kicking your kabuki and that's uh, say what did I do wrong here? And that's the way it is folks because you're not going to get them all You're going to get some of them, but you're not going to get them all That's the real key to what we're doing here is to find out how much you have to risk To see if you're going to be right. That's what it's all about As I mentioned here in an hour another three or four or five minutes or so We're going to have uh, stan harley of the harley stock market letter On the horn and we're going to be Talking to him about the cycles that he uses and also with lucas and fibonacci numbers Someone's asked a question about the treasury bond. Is it still an open trade? Yes, it is I still think if we get there and make a little bit higher high up there at 1 0 1 1 28 23 That's going to be a good place to risk 20 pips with a probably a two or three point profit to the downside share risking 600 to make 3000 That's a five to one risk reward ratio. That's the kind we like to see We don't always get five to one sometimes we settle for one to one sometimes a little less than one But a little average out about two and a half to three times if you do everything and you'll have periods We're going to lose four or five six times in a row. We haven't had that recently Somebody said the door. Oh, that's just telling me to be careful. Yeah. Hey, let's take a break Coming up stan harley and the harley stock market letter can't miss this one folks. It's a no-brainer. He'll be right with us the gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xa u hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30-day money back guarantee. So you have nothing to risk Subscribe to tom obrien's gold report newsletter now at tfnn.com 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 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 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 speaking with stan harley at the harley stock market letter And he's gonna start out with the s and p 500 cash index. How you doing my friend? Hello, larry. I'm just doing awesome. Thank you Delighted to be here. Well, we're more delighted to have you so please continue Absolutely, let's uh, let's start off and let's look at the stock market Um, this is a chart that goes back Hundreds of years Um, I'm one of perhaps a couple of people that has the data Um, but I just want to spend a moment on it to kind of tell folks Where we've been and where I think we are we are likely going um The uh The s and p 500. This is a synthesized chart of the s and p 500 Going back to the year 1602 which is when All stock markets began. That's when the dutch east india company was founded The first share of stock was issued in amsterdam the netherlands And began to trade among investors and that is the genesis point for all of the world's stock markets It's the genesis point for all time cycles both on the top side and on the bottom side Now this is kind of a busy chart here and I won't go into because of time I won't go into all the numbers But essentially what I have found is the lucas series of numbers Uh dominates in defining all of the market peaks And all of the market troughs you heard me say this before that Cycles from high to high or from low to low tend to be governed primarily by the lucas series And from high to low and low to high tend to be governed primarily by the fibonacci series in my research And you can see clearly on the yearly charts the lucas numbers 18 29 47 and their multiples times two and times four have defined every single high and low going back 400 years And then of course the interesting point is uh when you add them all up You come to the present time frame in fact right now we are literally 94 years from the 1929 top So we are in zone, but there can be a plus or minus here a little bit as you can see plus or minus of about two years So we are in zone for what I think is going to be a major secular market peak Uh now in this next chart what I've done is I've taken all the data And I've done what's called a price velocity assessment. Some people would say rate of change Or market momentum. I don't like the term momentum. I'm an aerospace engineer There is no momentum because there's no mass I prefer to use price velocity. That's a an engineering term and what I do Is I look over multiple time periods The reason is is because when you are choosing an indicator A price based indicator It will take a different waveform depending on the cycle cycle then underway And cycles contract and expand so How do you get a it's a chicken and egg problem? How do you get around all that? Well, if you knew the exact cycle at the moment you could fix the indicator to that time period But a better way I think is to use Multiple time periods In the calculation of your indicators and that way you kind of get around that that problem. That's what I've done here So long story short. I've done this for seven years 14 years and 27 years And applied some smoothing and here's what interesting what is what is interesting even though the market Among a lot of people a lot of market tech sanctions. They think we topped in 2022 My price velocity on the yearly data has not turned it down That tells me that perhaps we haven't seen the second or market peak just yet. It's still yet to come Wow, cool Here's a cycle that I haven't talked about with you on the air before but I thought I would bring it up Um, as you know, when we spoke a couple of weeks ago, I was I was looking at a Uh, a high and the next uh Within the next zero to four training sessions. I think we spoke on the 14th Here is a another cycle that I have not previously addressed But this is the russell 2000 and what I've done here with my cycle tool is I've drawn vertical lines At all of the highs going back the last couple of years And uh, and one of them expanded by a 1.618 Fibonacci ratio But this cycle picks up every single high and you can see there's some plus or minus But uh, when I input the data into spreadsheet do what's called a regression analysis Which is a mathematical technique to find the best mathematical fit to the data series It computes a 101 trading day cycle And you can see it within three or four trading days that has picked every single high in the russell um, and the next Recurrence in the pattern assuming there's no Expansion of contraction is due right around the november 10th time period plus or minus about Oh, I think the standard deviation on this was about three or four trading days Wow That's picked up the most recent high on june the 16th as well Yeah I remember you were on that friday and uh the 14th and the market topped on the 17th. So it was pretty good Yeah, i'm a 16th. I believe but yeah Yeah, yeah, that was indeed. Yes, that's very nice day Um, well next time try to get more accurate. Okay, because you know Okay Um Here's the chart that uh boy the cycle gods, uh They're they're they're they're still standing by me here, but this is from 20 years ago and uh Surprising as it seems The pattern from 20 years ago and the present time frame just keeps lining up within about two to four trading days The highs and the lows and I this is a continuation of my last chart that I showed Last couple weeks ago a month ago two months ago. I just keep updating with the current and uh In 2003 the market peaked out on june 17th In 2023 the market peaked on june 16th within one day We sold off sharply. We bottomed back then on the first of july, I believe and uh That was suggest look for low in the first uh first weekend in july We had about a five percent pull back then If we were to experience a similar five percent pull back off the june 16th high That would put the s and p right around 42 15 Area and I think that's a pretty reasonable target larry Yeah, it certainly is because it's certainly acting like I mean there's no fear in there You don't see any big swoons down or anything like that. It's very orderly All the way around and the premiums are not going crazy. So, you know, just basically a normal market so far Nothing's really changed Well, given my view that the bull ain't dead yet I'm I'm looking for a very modest Consolidation here probably on the order of five percent just like 20 years ago And then now we will regain subtraction regain our footing there To continue chug lugging higher We got a little bit more time. So I'll I'll take a look at this chart got plenty of time. Just go Okay, this goes back a couple of years And what I've done here is on on some of the highs and lows I've marked with Fibonacci and Lucas counts and their multiples and look for a clustering And if we take a look at the the high that occurred in january 2022 and we add 377 trading days to that It project it projects into the first week in july if we take the bottom in october and we add 89 times 2 And 78 and then continue with the pattern generally speaking Fibonacci numbers From high to low from low to high predict reversals and lucas numbers from high to high and low to low And I hear we got a we got the music plan. So I'll pick it up after the commercial We sure will we'll be right back with stan harley folks. Stay with us, please 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 Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years A frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the market's open To give you the competitive informational edge you need to succeed These newsletters are packed full of tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get tom o'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at tfnn.com tfnn educating investors Biotech is booming, but for how long? 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Could you go over that dow jones? trading day chart again, please absolutely, larry This is the dow going back a couple of years And what i've highlighted here are some of the highs and lows the more prominent ones and i've noted the Fibonacci and lucas counts From those and projected them forward in time for example, if i add 377 trading days to the uh, january high of 2022 um that Lines up with the first week in july if i add 178 trading days to the low in october 220 days To the august 16th high of last year and so on you can see i'm using Fibonacci numbers generally speaking from highs and we've got 76 lucas trading days from the low that occurred in march all of these Produce a clustering right around july the fifth so um I'm expecting the market to undergo a fairly orderly pullback on the order of about five percent And I think somewhere in the vicinity of july the fifth We should hit a low And uh regain our footing there and uh and and start to to push higher once again Well, I'd certainly like to pencil you in for the first day of trading after the holiday So please put that on your list You you've been pretty good at this I mean have you coming on the sixth 16th of june and here we are now I'm going to be looking here at another 10 days or so we're going to be looking at that Well, not even 10 days seven days Into the uh, what we're well, it is 10 days into the morning 10 13 days And so that'll be interesting want to look at yeah, that'll be really good. So and It's it's just math and you know, I'm a technician. So I look at I look at A combination of things I use cycles I use time counts Fibonacci and lucas numbers from past highs and lows and try to put it all together in some type of sense And then interestingly enough and coincidentally enough I might add we have the pattern from 20 years ago Which is working now, but at some point in time. I know it will cease to work That's just how these things are these juxtapositionings and they usually fail right about when you and I put maximum dollars on the line expecting Again or stan goes on tfnn and said lucky folks And you've been pretty good so far chief, you know, so don't just keep you know, you're going to be wrong A couple times in a row here and there but you know overall Several years now you've been really given some major signals here. So you should be proud of yourself Well, well, thank you. Um, it's it's uh, you're only as good as your last call Oh, that's like the restaurant business. There's no question about that Oh, I've had plenty of misses in my past haven't we all Um, that's that's not that's not the importance Um, we all get a little smarter. We get a little wiser, you know, we get a little more gray hair And we learn things that we didn't know in the past And and hopefully we don't repeat the same mistakes Yeah, this business we're in it doesn't come with a textbook Although many many people far smarter than me have written books on the subject I think there is a real lack of information out there about cycles And particularly the Lucas Fibonacci relationships that I've picked up on picked up upon Maybe that's my calling to write a book someday. I need to do that Of course, I publish a newsletter, but I haven't written a book Hey, it's on my list of things you've written several books And if you're looking for a publisher you let me know because I have people that are looking for people like you So give me a call if you ever have that Yeah, yeah, that's what you want to take care of Absolutely and I have to command you I Folks may not know but uh, you were my guest Number of years ago when I was president of the market analyst of Southern California You came out and spoke to our group several times and The humility that you conveyed Uh, you walked in and you said, you know, here are the here are the tools that I use here are the technical tools Here are the planetary influences, but at the same time I have to command you you you You were not only knowledgeable, but you were humble as well And uh, I found that very very refreshing There's a good way to to learn humility stan It starts with starting with 1.2 million in july of 60 73 and having minus 2700 in october of 1974 That's the definition of how to learn humility But I never gave up and you know, I came back and that was the main thing and You know, and you and I have both helped people along the way And that's what you've got to do the best part is whole business And I hope people say pick up on some of these things that I have worked with And and approve upon them and I'm sure they will Yeah, yeah to meet a lot of nice people along the way and it's kept us young pal That's all I know I see people that are a lot younger than me that look like they're 95 and you know waiting for the pearly gates to open I'm staying away from that driveway. I got a long way to go because it's too much fun So I don't want to miss any of it. It's our gs Yeah, I like my my teacher dr. Dr. Miller. I want to die with one position on and make the attorney take it off You know, that's Anyway, thank you for joining us, buddy We'll have you on that early july if you can work it out because this is a very interesting day july the fifth A lot of things happening and it's uh, I think it's two days after the full moon too So that'll be fun to watch because those linner cycles sometimes will move these things Up and down but not always so Anyway, thank you again for being with us and we'll have you on again soon. Okay stan Thank you. Look forward to it larry and when you're ready to do that book give me a call I know people that are interested in doing that kind of stuff. Okay. All right sure. Well, okay Stan harley folks a Harley stock market letter really stand-up guy. You can't miss uh, I'll put up his Contact information if you'd like to reach stan. He's done a lot of great research Hopefully he will come back with a book one of these days, but writing a book folks It's not that profitable because there's so many people that you know, don't use copyrights the way they should And the other thing is that it is also a way for people to Pirate your work especially in foreign countries, but it's still fun to write it You put your thoughts down for people to look at it in perpetuity And that's really what you got to try to do give the best analysis of what you think you have And even though it might not be the best that it is It's the best that what you think it is and that's what's important the fact that you put your heart and soul in it It doesn't always mean that you're going to win or lose There's no question about that what it does mean is that you have a belief in something And if you have a belief that you can use and also put a stop placement in at the same time Then you've got something that'll really you know, you have something for your That you can trade with and that's what is because you you got to follow what that risk is folks Because the risk is the most tantamount thing that we have In our in our armamentarium of fighting the market And if you follow that risk of how much you have to risk on any one trade You're going to be far far better off Then if you go in there without knowing what's your risk because so he know he who knows not what he risks Risks all that's one of the banners on that oil painting behind me here in my office These are the things those rules that I go by and they're pretty good The first one is never add to a losing position absolutely the silliest stupidest thing you can possibly do Because you're not only wrong in your position You're doubling your leverage and the leverage is against you all bad things and believe me folks That hardly ever works out right it really does you got two things against you have wrong analysis And you've increased your risk exposure adding to losers losers is a losing proposition Under any circumstances some people can do it within their trading plan My hat is off to them, but they're very very rare and they know how to handle it But other people don't that's what gets them in trouble Because you keep the average of losers you're eventually going to be a loser. Let's take a break here 877 9276648 If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try tom. Yo, brian delivers options and equity trades when the markets present them using a combination of fundamentals and Technicals sign up for rocket equities and options report today with a 30-day money back guarantee So you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by 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 seven newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pezzavento on stocks You need to pay attention to and you can trust larry's analysis after all He's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30-day money back guarantee If you're not satisfied let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 seven newsletter today tfnn.com educating investors Tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years With live programming hosted by a variety of professional traders during market hours the tiger's den available to all tigers and Tigresses 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 changing gears a little bit here. I put up the chart daily chart of the natural gas contract Folks over the past several months you could have written a textbook about this In fact, I did write a textbook called trade what you see and the floor traders handbook Look at the abcd patterns that are here folks. I mean, they're just absolute Look at the beautiful bottom here at the 135 pattern We took a nice piece of that out and uh, we're looking for the target to come up here Up at this 2.79 level now 2.79 you want to be short and not long So that's going to be your price objective up into this area right here It will be a perfect abcd and it'll also be a three drive to a top pattern There's drive one drive two drive three Totally opposite is the 135. There's one three and five 135 you're always trading with the trend in other words You have one bottom three bottom five bottom. They're all higher bottoms when they're going down They're lower tops. So that's why you use that pattern because it gives you an indication With the compilation of abcd patterns and looking at some of these fib numbers Look how the fib number comes in exactly at the abcd there 279. That's exactly what happened to tesla when it hit 276 99 and so That's the same type of pattern now. Do they all work? Of course not That's why you have stop placement and because if you don't put that stop placement in who knows what could happen here They could say we're out of natural gas in some country or something like that anything could happen And it usually does so be really really careful if you don't use stops folks Because that guy with that hood and that big sickle is coming right down the path looking for you So you got to be really really careful. So we're going to have some fun here with these grain markets folks The little rain comes in or little rain doesn't come in we're going to see some fireworks And hopefully we'll make some money off of those trades and we'll be watching them right now We're looking at that. We're still short the s&p and that's what our position is coming into the weekend Live every day in an attitude of gratitude and may god bless