 The following is a presentation of TFNN. Okay, looking good, Billy Ray, feeling good, Lewis. We've got two guests today. Tom Hougar is going to call in early, and then right after that, at the break, at the big break, at 9.30, we're going to have Dr. David Paul. So we're pretty lucky. You've got some questions that people have been asking to ask Tom, so that'll be fun. I posted the chart of the DAX 15-minute chart, as you can see here. We completed that big ABCD on the daily up there at 12,980. And we broke down quite a bit over the last few days, and we've rallied back to the 78% level, just like we're doing in our stock market. They're almost a mere image of each other. Now, if we take a look at the German DAX, you're going to see a totally different picture. This one has been in a downtrend for quite some time. I think they're waiting to see if a negative interest rates again. Yeah, I don't know about that. Just a minute. Oh, no. Tom is supposed to be calling at... He's supposed to call in at... Could you call him back and let him know he's supposed to call in early, if he could, please? Because I had David Paul coming in at 9.30. I thought that's the way it was supposed to... See if he could do that for me. I'll give him a call. All right. Thank you. Anyway, you'll notice here on the FTSE folks, we came down on... You see point D down there. We stopped right at the 78% level. Excuse me, 50% level of that previous low way back in early October. And then we've had a little bit of a rally, nothing more than a 382. Very, very quiet, of course. And then I wanted to share with you one other one that's really in the news quite a bit. And that is the Bitcoin. We'll get this up here. Okay. Oh, boy. We're in trouble now. Shucks. I can't do it while I'm doing this. The show, Tom, or Al, I'm just not able to. Sorry, folks, for the interruption, but I'm trying to get... Here's the Bitcoin chart. Just give me a second. Take a look at... Study this Bitcoin chart, folks. You guys are going to be tested on it in just a minute. I need to get in touch with Tom to see if, you know, and hold on. Yes. I think I got him now. This should work okay. Yep. I was able to contact him. He'll be back on real quickly and we'll be able to look at... He's going to be start trading Bitcoin, I guess, is what he mentioned to me. So we'll see. Those of you that got his book, I hope you enjoyed it as much as I have. I've only been able to go through a few pages. 45,000 words, folks, from a super trader. 181 pages. Double-sided is like 90 pages. So it's really, really quite cool. Anyway, you should get the book. It's free. And you don't get to get in the side of the head of somebody like him very often. So I think he really takes a lot of time to try to show folks what he's doing. I'll tell you what. I can make a prediction right here. This time is limited because he's going to get tired. And he's probably going to have a... That's just my two cents worth, but we'll have to wait and see. Okay, let's move on here to the next one we wanted to show, which is the chart of the German Bund. As you'll notice here, this is a chart, four-hour chart. Let's get it up here so everybody can see it. You'll see the German Bund come down. Didn't quite make the 61% retracement. Now it's in the midst of having a rally, much like we did in our bonds today. The bonds sold off about a point. Yeah, he runs pretty much 24 hours just like I do. We are all the traders that are in this stuff. I mean, when you get older, you got to get up in the middle of the night a lot. So that makes it really easy. But yeah, I'm pretty lucky though. Stop and thanks, folks. I don't have any major illnesses. I've been going along for almost eight decades and still got a lot of good friends. Most of my friends have passed on, but actually I love doing what I'm doing. And that's about all I can tell you. At least I don't have to worry about retiring like some people do. That's the main thing. Now, Al, it says that the phone is tied up is what Tom is telling me. So I don't know what that means, but we'll try to get him on whenever we can. That's all I can say. I wanted to bring a couple other charts here that we were watching for today. One of, of course, is the natural gas. Where is that natural gas chart? Please don't... Oh, dear, I had it right there in front. Here it is. This is what I wanted to do. Hold on a second here. Maybe we'll have him on here. Yeah, well, it worked early in the morning, but it's not working now. Let's take a quick look at natural gas, folks. I wanted to show you something that I was watching here because it just about made the exact... Get this thing up here to take a look at it. This is the natural gas yesterday when we were talking about it. And you'll see over since the 29th, the 30th and the 31st, you'll notice that we had that three drive to a top pattern. Now, folks, let me explain to you about three drives to a top. That original pattern started with a guy named George Cole. Keys to speculation. The book was 1932, 33, somewhere in that point. Gartley had it in his book. He named it something a little differently. John Hill had it in his book. He named it something differently. Linda Radsky calls it three little Indians. But what you have to do is to look at that. And the question is, if you have to ask the question, is it a three drive to a top pattern? It most probably isn't. It should just jump out. There should be really good symmetry. There's a symmetry between 29 and 30 and 30 and 31. That's exactly what you want to see. You want to see a higher high, then a pullback higher high. And then finally, on that third drive, you break down and you usually make a 1.618 expansion of the whole range. And that would bring you in at 2.55. That's what you'd be looking at. So that's what you really need to do. Someone asked that question. I wanted to try to relay it to you. Now, remember now, we've come down almost 20 handles today, from yesterday to today in the natural gas that we were looking. This is where we got out of it originally. So if you want to get back in the natural gas, this is the time to do it. Because you've got a $20 handle, $2,000 that you're getting. That's why, folks, that rule that you're dealing with, one of the fears of leaving money on the table, you've got to get used to that. Because you're never going to get the high, well, you're going to get the high-tech once in a while, but not very often. That's the whole key to what we're watching here as we look at some of these things. So keep in mind, that's what's happening as we glance through some of these things here this morning. OK, let's see what else we've got going here. All righty, we've got, OK, move up here just a minute. I have to change an order, boys and girls. Just give me one second and get the old cowboys moving here. OK, hold on a second. I'll make another one. OK, let's move on here to the next one here. And OK, any other questions? 877-927-6648, that's what we're looking for here in the old Pueblo to see how things are moving. We got down to 57, 257 in natural gas, so that ought to be it. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, TAS 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 TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee, so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today, and you'll find the TAS Profile Scanner under the Services tab. Sign up today. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. Before you make one of the biggest decisions of your financial future, call Tiger Real Estate LLC today at 727-329-8322 or email us at Tiger at TFNN.com That's 727-329-8322 Call us today. Many of our new listeners have heard about The Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable, moderated atmosphere. Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive The Tiger's Den for free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on The Tiger's Den are on the front page of TFNN.com Check out the new TFNN.com now and experience all the upgrades TFNN.com, educating investors. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618 Okay, we're back folks and I believe we have Tom Hougard on the line. Tom, are you there? This time I'm using a phone line and not Skype, so hopefully people, listeners will be able to hear what I have to say. Oh yes, it's perfect coming in. Tom, we've had a lot of people that have downloaded your book, but still a few people haven't. Could you tell them the email that they go to to get the book? Sure, sure, I agree with you with a comment about what the book is about just in case people don't know something they're not interested in. No, no, they're all interested in it because we've been chatting about it for several days now, so I'm certainly interested because you don't get into the mind of a super trader very often and you're certainly in that class. So why don't you tell them how to email it? Well, if they email me, I'll send it to them as a PDF. It's hello at TraderTom.com So hello at TraderTom. Oh, that's simple enough, that's pretty good. Tom, the question that has come up twice is how do you prepare, you're a very active trader, how do you prepare in the morning? Leave out the wheatgrass milkshakes but tell the folks how you get started. Excluding the wheatgrass cocktails and all the prana positions I specifically use a kind of therapy I call aversion therapy. It is, I know that my mind is a frail little muscle that needs constant reassuring. And I know from my experience over the years as a high stake trader that if I don't mentally prepare, then I don't stand a chance to trade the way I want to trade. Now, I can do an hours technical analysis or two hours technical analysis in the morning but if I haven't mentally prepared my mind to trade then I might as well not have done any kind of technical analysis preparation at all. And so the way I do this very specifically is I have and I'm going to sound very specific now so forgive me for this but I actually take my old trades, the ones that I am disgusted with and there's plenty of those to choose from and I have plotted my entry and my exit after the trade was over and it will very often illuminate some of the propensities that I have had in the past which is try to fish for a low when the market is in a bear trend or try to find the top so I can go short because I think our minds naturally gravitate towards wanting to find value and if we are looking to sell short the market then well the higher we can sell short the better but often that actually means that we are trading against the trend and the vice versa when we are trying to find a low in a downtrend so what I need to remind my brain when I go into the field so to speak is that it is perfectly natural and perfectly fine to think these things but actually you need to turn your thinking upside down so instead of seeing the market rallying and thinking I would like to go short you need to have your mind prepared for the possibility it's going to be a trend day and a trend day happens about 20% of all trading days are trend days and it's something that you have very elegantly described in your book the opening price principle whereby you state that within the first 30 minutes you are going to see the higher the day or the lower the day and that will take place 85% of the time sorry that in itself won't take place 85% of the time but when it happens you are going to find that the close will almost certainly be at the opposite extreme of where the open is and those are the days that I make most money on is when I can latch on to a trend day and then I can accumulate and accumulate throughout the day and then close towards the end those are the gold mine days but if you are not prepared for that and you are just going in with the frame of mind of you want to scalp singles well scalping singles it can be fun if we are in a range bound market but no one wants to make 100 points in the dow if there are 300 points on the table and it was something that you specifically alluded to just before you went off air you say you never know when the low is going to be and you are always going to leave some profits on the table so what you really have to ask yourself and this is the exercise the mental exercise that I go through in the morning is what's going to upset you most that you make 100 points and the market values another 200 points or that you could have made 100 points but you only made 50 points because the market pulled back so that's the I need to remind myself to go through this mental exercise before I even start looking at the charts otherwise I'm going to go in and I'm going to be stone cold before I even get started that's really good thinking Tom to reverse that thinking that way the second person second question that may I add a little something to what I just said Tom please take the mic go ahead my friend because it's very important you see that the mind works is we are an elaborate instrument so one of the things that I've spent a lot of time studying myself is what compels me more fear or hope greed or abject misery and in reality and it might just be that the way my mind is put together but I am far more inclined to move away from something than I am to move towards something so what I mean by that is that you will find a much much greater motivator in moving away from a certain kind of behavior rather than moving towards a certain behavior so it may seem a little grim it may seem a little grotesque to be reminded yourself every morning on how atrocious that you have traded in the past but to me it's an incredibly strong motivator to then go in and think the right way and do the right way as Mark Doctors he said in the first line of the first chapter of his greatest book ever trading in his own he says good traders simply think differently and the advantage that I have is that I spent 10 years on a trading floor watching about 100 million trades being executed by retail traders and one of the things they all had in common was that they loved to show the market that was going up and they loved to buy a market that was falling and I need to remind myself that if I want to be in the 10% category or in the 1% category I need to do everything in my mind everything in my power to avoid that kind of behavior I just wanted to attach that little comment to what I had just said Wow that's fabulous Tom when we discussed you're going to try to come on every Friday for a while maybe to do a 10 minute segment with us It would be a great honor if you would let me I'm sure people would get bored with my Danish action eventually I can promise you that I have one other question that someone asked is what was the most frustrating part of switching over from scalping like you were doing to becoming a really super trader did you have any particular memory that you had where something might have could you share that with us Yes it's gratification we have a mind that is in need of gratification and the sooner we get the gratification the better just think of all the slimming books in the world losing weight is perhaps not the rocket science we just need to eat less calories but if you're selling a product if you can promise someone to lose 10 pounds in a month you're in a much better position than if someone who promised to lose 10 pounds in 6 months so our minds naturally gravitate towards the instant gratification and when you're scalping you don't have to wait very long before you're gratified or that you're being stocked out so the biggest challenge I had was to actually delay that gratification okay Tom listen we'll have you on next Friday okay buddy that sounds good thank you thank you so much Tom Hougard Tom the trader we'll be right back folks with David Paul Larry Pezzavento has just started his brand 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Get your copy of the Art of Timing the Trade Charts today by visiting TFNN.com This segment is brought to you by Think or Swim. For more information just click the Think or Swim banner on the front page of TFNN.com Ok we're back folks and I believe we have Dr. David Paul on the line. David are you there? Yes Larry how are you sir? Can you hear me alright? Very good. Coming in perfectly we just finished a nice segment with your prize pupil Tom Hougard and one of the things I'd like to cover I don't know if you have that graph of the heads and tails thing that you demonstrated when we were in London at the seminar. Do you have that graph by any chance? I hope so. I hope so. I hope we were the same thing Larry. It shows the number of heads and tails in a run and what happens. I think I've got that. If you could post it into the room either send it to me or post it into the room. Tell the folks what it's about because I think once I see the graph they'll get an explanation of what Tom does and does it so successfully. Oh they have it ok they've got it we're ready to go you can discuss it my friend. Fireway ok well good morning it's everyone in the US I started with this last week and I start with the first slide as to why this can be so darn difficult for so many people and this is this whole concept of clusters and if you're over 30 you'll probably realize that there was times in your life when things went well and times in your life when everything you touched fell apart and if you've got a 50% system in other words you're right 50% of the time you can make a hell of a lot of money with that system if you make 3 or 4 times more when you're right then you lose them in your own but the mathematical certainty is that a half times a half times a half times a half is 1 over 32 and that means that you've got 5 bad ones in a row and 5 good ones in a row every 32 trades and the challenge of course being able to put your trading system on without fear and without hesitation after 5 bad ones and it's far from being easy much easier to talk about than it is to do it if you push up the hit rate to 66 over 100 then these clusters are still there but in terms of frequency they go away so you only have a cluster of 5 bad ones and 50 trades and that's what I'm doing with the Victor Best product in the stock market we put together shares with really really good fundamentals and use technical entries and that in fact pushes the hit rate up and when I might get it right about 8 times out of 10 by compiling the fundamentals and the technicals but I think that's a chart of clusters folks and that happens to everybody so you've got to get your mind around that so I think that this is the charts that Larry was alluding to and these are charts that I've taken out of a gambling book on a course that I went in gambling in Vegas 25 years ago and the first chart is a Martin Gale system and the Martin Gale system is that you bet a tenner on red if the tenner at 10 pounds if the red comes in you win a tenner and that's what you get after a run of 7 good ones in a row you make $70 it's not the end of the world not great the downside of that betting methodology is you double up in fact when you're incorrect so in the granddad just to do with the horses he would bet the second favorite if the second favorite didn't come in he would double the bet on the second favorite on the next race and so forth but the problem with that folks is if you keep doubling up you've got to bet a fortune just to get your tenner back now when I went on that course in Vegas it was unrelent and we were taught a reverse Martin Gale strategy 1991 and let's say that you've got a reverse Martin Gale strategy you're playing red and black up or down if you bet a tenner and you lose you in fact lose $10 so if you've got the most ghastly streak of bad luck you're in fact down $70 now if your money management is good and that's not the end of the world but here's what happens when you have a run of good luck where you bet a tenner and you win a tenner the next you actually apply a reverse Martin Gale strategy where in fact on the next bet you bet $20 and if you have a run of good luck you can actually get right up to you turn your $10 $170 and this was the very first time Larry that I thought about mathematically adding to winners and the benefits of adding to winners and that's what I got across to Tom when we first got together he's the finest big fella and he's mentally stronger I think than I am and he's managed to be able to put that together and that's what I got across to Tom which is quite a challenge so the normal Martin Gale system is what my granddad used to do and when I played this on the roulette wheel I have been kicked out of many a casino for doing this now if the red comes up and you bet the red again everybody looks at you as if you're a total idiot I'm aware that I've been on that table many years ago so all of a sudden you get three reds in a row and now you're doubling up that the red will come up again then they look at you as if you're complete or not or idiot so adding to winners is a very relatively easy way to make some money especially in the trades that I use with the VectiVest product where we put together shares with great fundamentals that are moving up the page and adding to those now we've been in a ghastly range in the American stock market and in the UK stock market for quite a long time so adding to winners hasn't worked as well as it did but in a very good trending market then adding to winners in fact means that if you get a streak of winners and these streaks come up all the time if you've got the strength to keep people in the seminars the testicular fortitude to add to winners then that's to keep people awake in the seminars Larry just like you I never have any trouble when you're really eloquent speakers folks can listen to here he really knows his stuff but I'll tell you when you showed that stuff in London I mean the people's eyes just popped out of their heads David I mean it was really and Tom proves it that's the key I've been proving it as well I'm as good as Tom at the intraday stuff I'm 65 I'm still a spring chicken compared to yourself but I'm trying to get away from the intraday stuff although I traded intraday yesterday but I traded intraday when I feel like it I don't sit down and do that every day but in 2-3 day trades 3-5 day trades in the forex market and especially in the stock market with shares that are undervalued shares that are growing and earning strongly and safely adding to a winning position works absolutely well listen David we're going to have you on again how about next Friday would you be able to give us another few minutes next Friday yes and I'll talk about the wake-up spring as well that would be great thank you Dr David Paul we'll be on next Friday thank you bye bye ok play a few bills here folks 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 are building lots 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Tom O'Brien's Gold Report the summer is over gold is trading back above $1,500 and the 10-year treasury is hovering at around 1.5% Tom O'Brien has been writing his weekly gold report for almost 18 years there's no one that knows more about how the gold market trades and how gold mining equities react new subscribers get a 30-day money back guarantee so you have nothing to lose every Monday morning Tom publishes his weekly gold report with coverage of gold, silver, bonds, the XAU GDX, the dollar as well as more than 30 different mining equities as of September 3rd gold report subscribers have 5 active open positions with an average unrealized profit of almost 38% for each position to see for yourself the types of profitable trades that are recommended within the gold report sign up today by visiting tfnn.com will the S&P 500 continue to climb for bold trades on US stocks in either direction trade SPXL SPUU or SPXS directions daily S&P 500, bull and bear leveraged ETFs direction leveraged ETFs an investor should carefully consider a funds investment objective, risks charges and expenses before investing a funds prospectus and summary prospectus contain this and other information about direction shares to obtain a funds prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com a funds prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC the bull bear trading hour with Tom and Tommy O'Brien well folks I have to say that's a good math set we have on Friday from now on we've got them in for a long term contract at least one Friday to the next we'll see what happens by the way folks we don't get inside information in these markets very often but by golly it's happened this morning I guess it was on Bloomberg or CNBC Leon Cooperman one of the bright stars of the hedge fund business one of the most successful guys around gave us some inside information he said if Jennifer Elizabeth Warren got elected the stock market would not open the next day so that's your inside information we'll see how that works out we'll do one thing at a time anyway it's sort of a joke by the way also yesterday with that big move we had in the E-mini S&P the open interest in all of the stock indices dropped yesterday boys and girls that's a very unusual situation but could happen and keep going for a long time just like notes and bonds did I wanted to share you a really cool chart from Rich Anderson in fact there's two of them here that I wanted to share we'll have Rich on next week also but if you'll take a look at this this is a negative interest rates around Europe as you can see here the ones in the purple color are all negative at the half a percent the yellows are negative at a quarter percent and then the blues which is Denmark is minus 7.7 minus three quarters of a point but can you imagine negative interest rates like that folks I just to the to me it just does not make any sense but you know that's neither here nor there okay that's the other one that I wanted to show you that's also that Rich forwarded on is long term but and this one troubles me a great deal because I asked myself why in the world is the Federal Reserve joining dropping interest rates with the stocks at all time high well there means all time high and going higher anyway but look at this folks this is going back to 1995 remember we had the Clinton impeachment and here we are 20 some years later and we've got to another impeachment going but you can see here when the Fed has dropped interest rates they've never dropped it at the top of the market so they must see something that we don't see all I know is that they follow the market they don't lead the market that much I'm a hundred percent sure of and I just don't think that that's going to be too much of a problem I already discussed the tree drive pattern in the natural gas it did go down and make the profit objective so we should be bouncing in the natural gas how much we get you know I'm not I'm not really sure now the Euro is still in the process of moving higher let's get this up here because this is related to the dollar index and if you take a list you're right Mr. Steve that it is political with those interest rates there's no question about it so we'll see what happens you notice the support that we had there in the Euro at the 382 that's at the 110 80 level folks yesterday I sent out a article article what am I talking about article I sent out a video on gold the fact that we had $32 run from $84 up to $17 $15.17 down to $14.84 there's $33 and I said we should look for a very very shallow $11 retracement and that's exactly what we got today we got down to $15.10 excuse me $15.05 and a half and we've rallied about $7 from there if we can clear that $15.17 today folks we've got a shot at gold making $15.35 really quickly I'm expecting something really big to see what's going to happen oh dear here we go with the politics again let's not get into that okay there's lots of opinions on that stuff so we'll see how that goes on I'm not going to get into that that's like a oh that's not something that I want to talk about all right yeah we're back at that level the E-mini up there today actually if it gets above I think he said $30.65 yeah if he said if the S&P got above $30.65 he was throwing all his books out into the Thames River and that was it all right let's move on to a couple other ones that I wanted to talk about we covered the Euro that was a very important one the pound is another one folks the pound is right back to this level here these currencies are acting pretty good that means the dollar is weakening a little bit so whether that affects anything in the longer run or not but as you can see with that British pound it snapped right back all of these corrections we've had in the currencies have been really minor and so just watch that that's very very very important from my perspective just looking at this stuff you know that's really what I'm watching so that's the main thing I'm having all kinds of data problems today so I'm not in the absolute but that's neither here nor there one of the questions that someone asked me yesterday was how was the market acting during the impeachment of President Clinton way back in I think it was 98 when he was in preach I did the long-term chart here and you can see the market continued to go up all up into 2000 of course that was the dot-com bubble and then the market gave back about 65% of its thing and then in the 07 we had the housing bubble and that gave back 85% and now we have no bubbles at all right now all we have is balloons and I don't know if there's ever going to be a correction here but just looking at this chart here at the very far right you can see that three drive to a top pattern forming I don't know when it's going to come in but boys and girls when it does this old cowboy is going to be ready that's all I can say I certainly know how to find it once it's there so we'll see anyway we'll move on from that level to see what's going to happen okay let's move on to one other one here that someone asked us about that was the Canadian dollar if you remember that Canadian dollar we were watching it very very close we got a cut but let's do the Canadian dollar first this Canadian dollar folks let me show you what happened we went down to the Canadian dollar the market went it went 30 points $150 excuse me did you had 30? yeah it went like $150 under the price objective we were looking at and then rally $1000 we got all the way up to almost $32 $132 in the Canadian dollar so that's all of these patterns the Australian dollar, the Canadian dollar, the Euro all of them came in look at the Australian dollar it was doing the same thing you know when they made those bottoms down there it was telling you now they've completed some ABCDs at major resistance that's why we're coming into some really key times as we're looking at these things so we want to pay very very close very very close attention to these that's for sure anyway that's what we want to keep watching and we'll see what's going to happen with them and we'll move on to that level and we'll go from there we've got the gold got up to $1513 that's pretty good nice $8 rally from the bottom and we've got the bonds there still down just a tad on the day but don't look too bad if we look at the bonds here through the eyes of the notes which is the one that we've been this is the bonds I do have it up let's get the bond chart up here we ran into some resistance here yesterday at that $161.20 we sold off to $160.20 earlier this morning and we bounce back a little bit from there I think here's the same situation you've had really strong thrust coming off of that bottom we had the three drives to a bottom down there there's the rally that we had and we got bonds and stocks rallying together so that that in itself is another interesting one so we'll watch that very very closely too so those are the same main ones we've got the break coming up so I hope you enjoyed our guests today we're going to have them on every Friday and we'll be able to see what happens 877-927-6640 Welcome in on the number one market timer. 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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 of 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. We're back folks and we've got the stock market and new high ground again. Here's it opens in the first half hour of trading and we'll see how it ends up today. We just hit that magical number again 3055. So we're going to see if it makes 3058 and 3065 actually we'll see what happens with that. Anyway, let's move on here to the next one. The crude oil has had a pretty good bounce here. We were looking for it to bounce and it's come in. So whether we're going to see whether it's going to continue bouncing or not, we don't know. But as you can see here, we pulled it back. Let's just get this up here so we can remind you folks that we had this ABCD pattern. We pulled all the way down folks to the 61% retracement of the sea leg down there at 53 and change. And now we're back up to 55 and change heading towards looks like another ABCD pattern in the crude oil could be lining up. So watch that major support there in the in the goal today at 1505 $11 sell off. It's all we had and it looks like it's ready to want to go to the upside. So how much higher it's going to go needs to clear 1522. If we clear that 1522 that sets up an easy 1537, which is the 78% retracement off the high that we made back on September at 1565. So it's starting to look a little bullish here in the gold, which is not too surprising. But that's what we're watching here as we look. The soybeans still look good. We're trading still above the 382, which is good in the March soybeans that we're following. I think that one looks okay. And I still think the natural gas has a lot of support down there at the low we had today at 258. So that should wind up the show for today. And I want to thank you for all listening to us with our two guests. Tom Hougard, trader Tom and Dr. David Paul of Vector Vest. It was really great and we'll be able to see that though. I can't answer any questions about the VIX, Jimmy, because I know so little about it. All I know is it's related to volatility and when the stock market goes up forever, there is no volatility. So that's it.