 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, looking good. Billy Ray feeling good, Lewis. Well, it looks like the young lady from Hong Kong made the world right again. They're going to take away that extradition bill in the market for the Hang Seng is up 5%. That's what set us moving early last night when they found out that that's what she was going to do. That was the pre-indication and the Hang Seng was up a thousand points. It was coming off of that ABCD pattern that we'd looked at several times. And that's a heck of a move in one day. And that's just the beginning possibly. So pay very, very close attention to that. One thing that's really interesting folk. I posted this chart for the both the footsie and the DAX. And you'll see that they both have completed the Gartley patterns. One at the 50% level. The other which is the footsie at 61% at the DAX. It's really funny to watch the politics going on over in the UK folks. I mean, my guys, I thought it was bad here. Man, it's ridiculous over there. I have to share with you something that Mr. Z brought to our attention last night. He sent me some things to show us the fact that we have a silver. Hold on a second here. I want to get this in so we can take a quick look at it here to show the silver market here. No, I don't have to worry about that boat, dear. You don't have to worry about that boat. Thank you, Maria. Okay, let's move over here and you'll see that's the silver. But here's what happened last night, folks. We had a really interesting spot here in silver to take a look at it. Let me get this up here to let you see it so you can see what was going on. Here was a combination of the silver and the gold together. This was last night probably pretty close to around 11 o'clock at night. No, 10 o'clock. It was around 10 o'clock at night. You'll notice that silver had a high here of 1970. That was the price that Mr. Z had posted on his chart, which was a 78% level from several years back. Now, what I wanted to do is I wanted to find out what's going to happen to silver here because you had a beautiful ABCD pattern, this 36 cent drop. And so what I was doing is I was watching it very, very closely because it trades all night long with some really nice volume. But you can see here, let's just get this up here so we can see it real easily. Let's just get it here one second. There we, then we should be okay. You'll be able to see here. You'll be able to see it made a nice little guardly there. 36 cents down. And as we know, the harmonic number in the silver is 36 cents. And that move up was 18 cents. So that set the thing in motion that now all we need to do now is get it above 1970. And it could go to the moon, to the moon, to the moon, to the moon. But we'll see if that's going to happen. A lot of it should be some resistance up there at 1970. But who knows? Here's what's, here's the important thing to look at. Let me, let me give you my two cents worth. Here is the open interest that's been going on for several, oh my gosh. At least does a half a dozen days or more in both a gold and silver and platinum. Those are the ones. You don't see platinum. There's platinum's there, but you don't, they had a slight increase in that one too. This was open interest was dropping on those days. Okay. Now last night, they were three hours late posting the open interest figures at the Merck. I don't know why, but they were. And if you take a look at this, you're going to be able to see here that we actually had increases in open interest. Pretty good increase in the gold futures, almost 30,000. Pretty good increase in the platinum futures, 3,600 when you compare it with 88,000. And silver relatively meager at 6,900 into a quarter of a million. But that means people were, they're really excited about buying that breakout. This is the first time in seven days that we've had increases in open interest. And I don't know if the people are coming late to the party or it's just getting started. You could pay your money and take your choice, but that's what you're looking at. What's interesting is, is even though the thing from Hong Kong was very, very friendly to stocks, you'd think that the risk off would be coming or risk on would be no longer important. And so you'd think that the gold and silver would have sold off, but in fact that they didn't. That's a pretty good indication that you got to watch these markets from a technical basis. By the way, at the break we're going to have Bill Meridian of Cycles Research, Vienna, Austria as our guest. And I think that'll be fun to watch him. I wanted to share with you some information that John Jameson has shown me over the past 18 months or so that we've been working on that looks very, very interesting. And I'd like to share it with you here for just one second as soon as I can get it up here so that we can look at it easily enough. And where did I put it? Oh, shut the front door and raise the rent. I had it right here in front of me. Now I don't know. Oh, Larry, Larry, Larry, Larry. Oh, here it is, here it is, here it is, here it is. Okay, let's get it up here. This is, I want to show you what this is, folks. This is really exciting because it has volume involved with it, which is really, really exciting here. This line that you're looking at, the blue line in the middle is the accumulated price over the accumulated volume. And as you can see, once you get to the second standard deviation, which is the top of that silver market up there at the 1969, when you get to that level, it is usually very, very hard to get past it. You'll notice that the purple line is first standard deviation. The second one is the same. He does both, John. He is both. He does both, analyst and trader. He's a smart guy. Anyway, that's part of it. There's some other ones with gold that we've been watching that look really interesting, too, but really exciting to see how the volume, you know, moves the market to make the thing move here. Okay, now let's take a quick look here. We have a question coming in. Hold on. Let's see what it is. Using stuff here. Excuse me. Okay. Well, that's okay then. John, no one can do any better than you do, buddy. Just do your own thing, pal. You're as good as it gets. I've seen it all and I can honestly say I think you're as good as anybody I've seen. And that includes a lot of people that I know. And I'm talking about Frank Tauscher and, you know, a whole bunch of other guys that I know through the years. Frank is probably the greatest I ever met. He was hands down the best trader I've ever met. I knew Amos Hostetter, but I met him just a few times. I really didn't know him at all. I saw his runs and what he had done, which was good, but no one could do what Frank Tauscher could do. He was the best. Oh, he's asking me what the next prey in the British pound. The British pound has done what we thought it was going to do. It's had its first really good rally and we were expecting it to get up to that one. I think we got almost to that one 22 level and we did it in just a matter of a very, very short period of time. If we take a look at this, you'll be able to see here that we had a lot of support down there. When we hit that double bottle, let's get this up here so we can take a look at it. We went from 11970 and we got up to, I think we're 123 or something today, which is a pretty good run, considering the things are so hectic over in the UK, whether this is a short curving or not. I don't know, but that's it. The Euro has rallied just about 100, I think around 80 pips from the bottom, which is about normal. So that's going to be the first indication, but the key to that was the US dollar index, folks. It was a perfect ABCD. I'll post that. ETFs, commodity futures and forex. Heated by Steve Dahl, 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 Dahl 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. 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Details on the Tiger's Den are on the front page of TFNN.com. 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. Here at this Euro on the weekly basis, we got down to 109.40. We rallied up about 80 pips to that 110 and change. Folks, this is a weekly chart and just because the Euro had a nice rally and just because we hit that ABCD in the dollar index doesn't mean this thing is over because we could easily go back above that 99.20 level in the dollar index with the further depreciation in the Euro and possibly the pound, but they've come off here very strongly. That's a possibly a very good sign. We had a beautiful butterfly pattern that we talked about. I think we even mentioned it yesterday in the Euro. Yeah, I'm sure we did. Let's see if I can find it. I don't know if I can or not, but anyway, it was right. I don't see it. So it was just about nearly as perfect as it could be looking at that hourly chart. So it's made its first objective. That's all I can tell you. That's basically what we're watching. Regarding the silver, that number that John looked at, 1969 was the high. We're trading in 1956 or something right now. We could easily take that out without any trouble at all. So we need to watch it because these markets might go ballistic. Look what happened in some of these other markets that we've seen go ballistic. Oh, here it is. I think this is the butterfly. There we go. Let's get this up here. We were able to see it. Here's what we were looking at on the air yesterday. We got down to that 109.30. And today, I think we got up to 110, back to that old resistance level around 110.30. That's about, I think about 90 pips. The harmonic number is usually 80 pips in the Euro. So it's got to get above 111. And then it could probably have some legs. We've already had a pretty good nice move in that British pound. It's moved quite a bit. I haven't checked it yet this morning. But the last I saw, I think it was pretty close to 123. Let's just take a quick look at that pound and see where we... Oh, no, we didn't. We got to 122 is what I was looking at. We got to 122. We had made a low down there at 119.40. So it rallied 250 pips, which is a substantial amount. So sort of pay attention to that as you're looking at some of these things. But that's the main thing that we're focusing on today. Any other questions that you might have? 877-927-6648. That's the main thing that we want to be looking at here. I've covered the open interest. Let me see what I did here. I wanted to show you... This was the one I was trying to find. I was doing this last night with John because I'll look at bonds here in just a second. Maria, if you'll give me a second. You'll see here this is that same thing that we're looking at. This is at accumulated volume over accumulated price. This is a different way of looking at the market profile. And it's based on the standard deviations from the moves. And this is how these algorithmic traders work. What John did was he broke down one of the codes of one of these algo traders. And that's exactly what they're doing. They're selling at the first and second standard deviations. And based on how volume acts. And it's really quite exciting to watch it. And if you look at it just with ABCD, you can see some really great similarities in there that are easily traded. Today, last night in the gold, in fact, one of the reasons why we're watching it so closely, it did exactly what we wanted it to do. Let me put this up here. Again, just to remind you, when Silver was making the ABCD, you'll notice that the gold went from the 15, 59. What did it do? It dropped $17 exactly to 1542. And what has it done? It's rallied $11. I mean, that's pretty good. So we'll see. Do we have a shooting star in the move? Let's take a look at the old shooting stars. We love these shooting stars. So let's get one up here. Take a quick look at it if we can here. Shooting star and you want it in the December. So we'll put the D in it and we'll take a look. No, there's no shooting star here in the December as of yet. No, Maria, there isn't anyone. There's not one there that I can see. Let me bring this up so the folks can see it. There was one hold on the daily, that that was along on the weekly, but that's a sense they shot that shooting star out of the. Oh, dear, just a minute. This is really having a hard time moving this thing around here to get it there. There we go. Here was the one that the shooting star that we were talking about was, let me get this up here. It was in the in the notes, I believe. Let's just get this so we can see it easily. Those are very rare patterns, folks. So when you do have them, it's, it's quite, quite amazing. Now here, here, here was the, this was the week before, but because this is a monthly chart, let me get this up here so you can see it. We're still up near this area that 132. That's the 78% level, but the one you were asking about was the shooting star. Nope, that's not it either. Let me give me a second here. Oh, here's the one. Okay, this was not. Let me show you why. It because it's based on the clothes, Maria, if it, if it, what happens is it, it might be on a TLT. I think I have the TLT. Just give me a second here because I am watching these because folks, I've been doing this business for long, more than most of you guys are alive. And, you know, they've, they've tried to give me tripe and tell me it's filet mignon, but this thing with the treasury bonds and negative interest rates, that is the biggest crock of baloney that anybody is ever going to get. I mean, trust me on that one. Well, don't trust anybody. We know what the translation of that is. Okay, here is the TLT as I see it from yesterday, I believe. And we'll take a quick look at it here. Sorry. You'll see here, there's not a, there's not a hanging man or a pattern there at all. But, you know, all I can tell you is folks that, is there anybody in this room that's listening, that is going to do negative interest rates? I mean, come on, you're going to give someone your money and they're not going to guarantee it. And they're going to charge you for it. Now that's really a good deal. Isn't it? I mean, the only thing is it's got to be people that have no skin in the game that are doing it. You know, that's, that's not a bad, you know, it's not a bad idea, I guess. Who knows? Okay, all right, let's move on here and see what the next thing is going to bring. Hopefully we're going to have a bill here at the break and we should be fine. And he will be coming up at the break. I just heard from him, so he'll be ready. And of course, he's always got some great stuff and gosh, we've got to give him a big salutary hello for his moving bonds and gold. My goodness, I mean, we've had some tremendous moves from behind the stocks too. You know, he's been spot on. So you've got to give the guy, give the guy his due, along with some of the other folks, Mr. Z and do that, everybody. And even Maria, boy, little Maria nailed those bonds right to the old hogpin. Very good, very good. That was another one that's moved really, it's moved up 7 cents now in the hogs, which is really good. So we'll keep a very close eye on that one. But we will have Bill Meridian coming up at the break and we'll have to see what he has to say and then we will go from there. Yeah, their gator's got it. Do the work yourself and buy us safe. I think that's correct. Our mattresses are us. That's another one. So we'll see what's happened. Larry Pezzavento has just started his brand new service Fibonacci 24-7 and he's already delivering content to his subscribers on a daily basis when the market's opened and even on weekends. Each Monday, you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out. And throughout the week, when warranted, Larry will send out via charts or videos or both the key markets that he is watching during the day. This will be up to the date active trading information that will help you in your daily trading. In Larry's first week alone, he sent out 25 charts, six videos, and a full report to his subscribers in just one week. If you're a technical trader that uses patterns and retracements to trade, then Larry's service Fibonacci 24-7 is something that you must try. Right now, new subscribers can get a full 30-day money back guarantee. 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The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Chart today visiting tfnn.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Okay, we're back, folks, and I believe we're talking with Bill Meridian in Cycles Research, Vienna, Austria. Bill, are you there? Yeah, hi, except I'm in New York. Oh, well, the old New York bill. You have a place there, too, don't you? Bet you bought us that. Yeah, just outside of Princeton, New Jersey, where I'm sitting right now. Oh, very good. Bill, I have to give you our accolades, buddy. I mean, stocks, bonds, gold, gosh, you've just said these were going to be spectacular moves and you've been absolutely correct. Everybody talks about it and we want to congratulate you. And, of course, just like the restaurant business, what's on the menu now? You want to tell us what you're... Let me just say this is the reason I've been working on Cycles all these years because that's how those things were done. I mean, when all... If you look at numerous different cycles and they all point up or they all point down what are the conclusions can you come to but people out there don't want to look at it but there's some... I just mentored a young man, he's Irish going to a Dutch school getting his MBA and his thesis is in Cycles and it's been written and accepted so things are getting better. This is at the university level. They're doing cycle stuff. Yeah, I got the paper right here. Yeah. And me over my head, that's okay. I just listened to what you tell me. That's all I need. What do you want to start with? Just a monthly S&P cycle? Stocks are likely to rally. Bonds flat to down in September and gold is still in a rising phase so that's the summary and if we go to the monthly S&P cycle we're there right now. This chart, I flew in and then I had to drive to Baltimore behind here so the decline yesterday is not in this chart but this brings it interesting if you look at that consolidation you know once we used to have these debates with Art Merrill what's more important in a correction, time or price and in this case I think it's time because I expected and everybody who does the LEA way suspected that we had an A wave down, a B wave consolidation and we needed a C wave down but Larry you know where the way markets work as soon as everybody knows that what happens it doesn't, the market skunks you as we used to say and first of all we go down one more to Brad's look at the advance decline line it was only like 22 counts, 22 points issues from a new high so internally stocks are not stocks I can't say the majority of them are in decline the advance decline line looking like this and even if you go down one more and you put it on a 10 day moving average basis I mean still now you've got back there in May on a 10 day moving average basis you have a low then you have a higher low in August and it looks like a triangular formation but my guess it will break out to the upside and if you look at I always just the investors are like the spirited infantry in a Napoleonic battle they see the elite cold stream guards coming over the hill they drop their muskets and they run away and the sentiment goes from extremely bearish extremely bullish to extremely bearish very very quickly like the AII sentiment percentage of bulls the four week average is 24.4 that's among the lowest readings in the 30 years of the survey it's significantly lower than it was at December 2018 bottom and it went if you remember that week the market declined and the percentage of bulls went up and the next week the market got clobbered and this bullish percentage I mean bears are now almost 2 to 1 over I think it's 40% versus about 22 bears over bulls and if you look at what people are actually doing the total put call ratio 20 day moving average is more than 12% above its 200 day moving average and so you don't see it by opinion you don't see I mean you see bearishness by opinion by trading activity and this level right now since 2000 it's only happened once before March 20th 2008 that's the way the put call looks like we already looked at the and then of course there's the spread bonds going up stocks going down the spread between the two has just gotten to an extreme and so another reason we're probably going to get a strong September for stocks and a sort of a blah one we'll get to bonds the other thing is I read there's an excellent service sentiment trader sentiment trader dot com but the writer pointed out that funds have been flowing into what he calls safe haven funds I noticed this too a minimum volatility funds gold bonds and they're going out of aggressive funds like actively trade ETFs and that has swung to an extreme so there's excessive caution no matter where you look and of course you know what the market likes to do with that and so we could let me just get back to the power point here if we look at the bond monthly histogram which is on page six now noticed now as I said at the beginning when everything lines up look at this if you're back in June and look at July and August all you need those are static cycles that is they don't change very much dynamic cycles are extracted directly from the data those are the weekly and the monthly graphs I've been showing you all these months and everything pointed up for July and August so what other conclusion could you come to now look at September it's you can't say it's weak but you can't say it's strong either so it's not that it's turning weak it's just not as strong as it was now let's check out on the next here's the key is the weekly bond cycle and you just hit a sell signal a few days ago and it trends you'll notice it trends in a regular pattern down for the rest of September this is on the US 10 year note and now let's take one last look here at the monthly bond cycle and you'll notice it doesn't turn down until October in fact it just shows a period of about six weeks on the downside from the end of October that's not even six weeks what am I saying a period of about two to three weeks on the downside and so you've got to summarize you've got the annual cycle of the year is flat the weekly cycle is down and this cycle is still pointing up so you conclude it bonds are still in a bull market but it is going to be a flat month and if you hold I had the bond ETFs in my personal portfolio and in my weekly report cycles research early warning service and I took profits because if I can't see them going up I can't see them going down it's sort of too dangerous to short them you could probably squeeze a short sale in here somewhere but holding it long for a month is sort of like a return free risk they're not going to odds of them going any higher or not high why bother holding them so right now I don't really have any position in bonds but I would like to say I've been reading a lot oh the I got this question of Baltimore the yield curve inversion some guys who have been around for a longer time pointed out to me longer than I've been around the long term rates the 30 year rates have gone above the short term rates it's not the other way around it's not that the short term rates have gone up indicating a liquidity shortage everybody trying to borrow money it's that the long term rates the long term rates declined and so it's the other way around so I could not I don't take that as a screaming sales signal the yield curve inversion but I'm thinking now and I spoke to a couple people who have been around as long as I have been and I look at this monthly bond cycle and I say could we be headed to negative interest rates and if you remember one of my younger friends said guy from London said negative interest rates could such a thing happen I said sure in the 70s you had to pay a rate in order to hold your funds in Switzerland they had a negative interest rate for a while and they've got some around the world right now and I think that's the direction it's headed so I don't think the bond market is going to I don't think the bond bull market is over wow hey stay with us so we've got to pay a few bills yeah we'll be right back with Bill Meridian Cycles Research Vienna Austria if you're in the CD market and looking for a secure investment the Tiger First mortgage program may work for you the security for these first mortgages and the tax opportunity zone in St. Petersburg, Florida the tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% a 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This is the... Okay, we're back with Bill Meridian of Archives Research, Bill I have posted the chart of the gold, I think it's what I've got up there so Yeah, I love to point it out. It's another case of if you remember the cycles actually the weekly and monthly cycle actually pointed down in June and I mentioned it was on your show, it was in my reports. I said, well, if that is how it behaves when the cycles are pointing down, then there must be some other much bigger cycle at work. And I always caution people who are getting into cycles work. I said, it's not that I think and I know Robin Griffiths over in England agrees with me. It's not that the cycles are wrong, but there's some bigger cycle and we just don't have enough data. And as I always like to joke, you know, the cycle wiped the pharaoh at a well as wheat positions 3000 years ago, but we don't have the data. And so and as Elliot and Dow both said a sideways movement can be a correction. So that's at the stage. And then of course, if you go down to the next slide, you can see the seasonality. Look at that June, July, August, September. September is the single strongest month. And I want to remind everybody that these are bars of expected return. In other words, the odds of the gold going up in August are about 60% in September at 61, but the percentage gain is much better. So when you multiply the two together, that's the reason you get this big discrepancy between September and August. So seasonally, you're in the strongest month to hold gold. Now let's take a look. Let's go down one more. And there you have the weekly gold cycle. And you notice it tops at mid month. So for the next two weeks, there's really nothing to worry about here. And if you go to the weekly, I mean the monthly, which is right below that, you'll note that that also tops around mid month. So but the last time they both topped, we got a sideways movement. And what I'm not what I should have included in here. And it just dawned in me late last night, but I couldn't quite squeeze it in is on September 20th to 21st. Jupiter is 90 degrees from Neptune again. And if you remember, I had that on the show in June. And that hard aspects of Jupiter and Neptune make gold rally. So if that's happening on the 20th, after these two both top, you have that Jupiter Neptune irregular cycle, which most people not looking at planets will never see. Holding this up or boosting it or giving it a buoy. So therefore, I really can't see any significant downside. I think you might get to the middle of the month and it might go sideways a little bit. And then you're going to get, then if I'm reading this right, somewhere after mid months, like between the 13th and 20th, the sentiment numbers will start to turn bearish. And then the Jupiter Neptune square will hit on the 20th and you'll get a sharp spike up into October. Now after that, if you average out all the years, there is a sharp tendency for gold to decline between October 15th and oil and November 1st. The last half of October for some reason is very bullish bearish for the inflation hedges. And the other thing I'm looking at is if you go down one more, I mean, how can you argue with this breakout on the monthly chart? You really can't. And you've got a very long base and you know what I think most guys would call an ascending triangle, a girl's two. And then it breaks out to the upside. And then if you make a count in there, it goes to at least 1650, which is how I came up with the 1650 target. So what are we $100 from that right now? Or $150, I think about $100 or 20 minutes, whichever comes first. Okay. Yeah. Yeah. And so if it corrects, where's it going to go? It's not going to break below that that somewhat horizontal blue bar there were broke out from that's now support. So for retraces half of that. Where would it go to maybe 1450, 1500? So this this tells me and that this is a cautionary tale about 2020. If next year is to be somewhat of a crisis here in paper assets, what should you see? Well, weak relative strength in banks, which you see, banks have been underperforming because banks get beaten up the most. The credit extenders, they're going to hit with all the defaults and any crisis. And what else should you see? Well, people fleeing to gold, which you're seeing right here. And also, I'm starting to read stories. I've I think I mentioned several of them of antiques or artwork going for outrageous prices. That's a sign that there's too much liquidity that has to be knocked out. And you should start to see signs in the next several months of, let's say, art auctions not fetching the highest prices as 2020 approaches. And again, I think the big stories next year, I think China, we're going to find out that China isn't growing as rapidly as it was. And that anybody who's relying on that is going to be caught a bit short, which will be a number of lending institutions and a number of major investors. And the other stories will be, I think there'll be instability in Saudi Arabia. And I told you after my last visit, a lot of funds have been fleeing the Gulf. Arab selling off their own stock markets because they I think people miss in the news that Iran started this insurgency in Yemen. The focus is always on the suffering in Yemen. It was Iran that created this insurgency and the people of Iran are not happy at all because their economic situation is not comfortable. And so they're putting great pressure on the leadership. And so it's a very tense situation down there. And with fracking and new technology and my cycles, I don't have oil in here, but oil, the monthly oil cycle points down to the end of the year. So if they get low oil prices, they've already spent far too much money. So the situation there is not very, I think these are the fundamental reasons and, you know, I'm putting reasons in quotes because, you know, the people in the newsroom, if something goes down, they look for bearish news. If it goes up, they look for bullish news. And, you know, there used to be a joke in New York on the trading desk, you know, maybe it's the latest number of Elvis sightings, which caused the market to go up and down. And when I was at Value Line, the editor comes in says, one of your stocks is up 20%, which was a big move in the last quarter. What's the reason? I said, no reason that I know of. And he said, well, I need a reason for the headline. And he walked out. Senior guy walked into my office says, remember, son, when in doubt, make something up. So, so by doing the by doing the economic political work, you could start to flesh out the situation and create a future scenario. And I also think Afghanistan is going to be very unstable. I think they may have with joined too many troops out of there a little too fast, which is quite surprising. So that's going to be a minor flashpoint. And as I mentioned on the last show, I don't think the thing in Hong Kong is over. I think that peaks next June. So I think the demonstrations may slacken off here, but I think they're going to heat up again in 2020. So altogether 2020, there's a number of regions of instability. And remember, when I came back from Abu Dhabi in May, the people in the UAE are getting a bit frustrated with Jordan and Morocco, becoming you know, with their hands out all the time to the Gulf States. And, you know, in other words, we gave you, you know, what are you doing with all that allowance money we're giving to you? What are you spending it on? And there's no improvement. You can just keep coming back asking for more money. So, so even the people in the Middle East think the Middle East is unstable. Yeah. Hey, Rich, Bill, we have a request. What do you see in the stock market? Do you see 3000 in the 3020 or so in the S&P? What's your what you're feeling on the stock? Well, by the end of the year, I think it'll be in a new high. I think from this point forward, the monthly cycle points up. And the key here, Larry, I really think a sentiment, you know, that old phrase that I coined at Payne-Weber. And by the time this bull market ends, you'll have to go to Yellowstone National Park to find a bear. And I just went over, I went over the sentiment with you and you saw how quickly the bullish sentiment evaporates. So even though the numbers say to you, the numbers say we're extremely bullish. When the market starts, when the market, okay, you want me to stay? I can stay. Yeah, no, yes, please stay. We want to hear about your YouTube channels and your other things that you have. Thank you very much. Bill Meridian, Cycles Research. We'll be right back, folks. 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Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page. TFNN.com educating investors. Since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion. Well, originally hand drawing charts from the late 1970s into the 1980s. Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls. Thus was born the Chapman wave sequence. Using the Chapman wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com. This segment is brought to you by think or swim. For more information, just click the think or swim banner on the front page of TFNN.com. Okay, Bill, do you want to summarize the last three pages? You know how the folks can reach you and your book and stuff? That'd be great. Yeah, well, let me just say I think we're in real trouble. When the market starts declining and the sentiment numbers don't turn bearish right away. In other words, if people stay bullish, thinking it's only a dip that they can buy, that's a sign that you should get out. So that was the last point I wanted to make. So I have a YouTube channel planetary stock trading, which I haven't updated in a year, I think and mastering geopolitical prediction, which is mundane forecasts. And then we have the book Mastering Geopolitical Prediction, which is 30 years worth of practice in mundane astrology. And of course, at the website we have on the very last page, the cycles research early warning service, and other books. So wow, that's really good stuff. I want to thank you for being on the show, Bill, you do great. Sure. It's been fun knowing you all these years. I remember the time we were in Singapore back in I want to think it was 88 or 89 with Robin Krause. We had that big, big seminar had a lot of fun there. So yeah, thanks for thanks for being on the show. And we'll have you on again soon and keep up to great work. And if anything that you want to bring to our attention, let me know and we'll have you on anytime you'd like to be on. I shall do so Larry. Thank you so much. Bye bye. You bet. Bill Meridian folks, cycles, research, Vienna, Austria, world class guy, let me tell you folks knowing him a long time. Okay, let's move on. We've got to end up the show here. Tomorrow is Thursday, Friday. I'm going to be gone for a while, folks. Remember next week, I'm going to be gone all next week and possibly even Thursday and Friday of this week. I've got to get ready for the thing in the UK. And so I'll take a little bit of time off here. And we'll see what what's going on. We've got some great things happening. I've got some ideas for 24 seven to do some shorter term trading using the AI stuff and things that I've been watching that are very, very important for a shorter term trading and risk control, which is really good. So we'll watch it very closely. Just for general purposes, just keep an eye at 1145 today, folks. There's a really big cycle do around that time in the gold and silver and platinum market. So keep an eye on it at that particular spot. We'll see what happens if anything. So that's what we're watching here today. So live every day in an attitude of gratitude and may God bless.