 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis welcome to the show of increased volatility folks We've got a lot of things going on in the world As you know, I'm a technician. I don't understand the fundamentals. I gave that up 50 years ago and been doing okay ever since but I will try to show you some of the things that I did learn Over these periods over the next hour or so I posted the chart of the DAX You can see that it's been under a little pressure much like we are and that's not too much But look what happened in the in the footsie over here. It's back. It's had virtually very little Reaction now pretty much the It's not until I believe Wednesday, which is happens to be the King Elvis Presley's birthday It is when everything's working again in London from what I've heard, but I'm not sure Exactly, so I just wanted to go through and and show you those two to get you started But I want to give some accolades in here to some of our guests that we've had on the program before This is the ending Rankings of a timer digest These are the long-term timer digest of the year folks number one Carries is man ski here of Tucson, Arizona my good friend with harmonic edge Next down right. You'll see mr. Bill Meridian right in there at the top five followed by Steve Rhodes again Tim Bost You can and if also do you notice number three there is Manfred Zimmel. He happens to be an astrologer So you've got you got several astrologers in here. You've got Manfred Zimmel Bill Meridian and Tim Bost as Astrologer, so I think that's pretty amazing that they were able to do that So my hats off to all those guys, and I think it's it's really great that you know, you're able to To make those rankings like that. It's really really really great Okay, let's move on and talk a little bit about Something else that I wanted to mention Folks, let's let's walk through What what's going on here? With these markets. Let me I wanted I want to show you From history because you know I've been doing this a long time, and I think this would help I'm gonna just put this chart up here for platinum because there's a possibility platinum made a double top up here We made a higher high by 60 cents over the high that we made back in August and it backed off about $15 and that but that's not the main thing that I wanted to talk about When you see things like this that happen in the world that are very surprising The markets still act the way they're supposed to act Let me explain to you two of the most important things That I learned in all my years of trading the first one of course was in 1980 in fact it was this time in 1980 when I was at Drexel I was liquidating all of the gold and silver that I've been buying for several years these we had massive profits folks I mean it was really really something gold was trading in January of that year at around right around 660 670 hadn't even hit 700 yet it topped on January the 20th of that year of 1980 at $865 an ounce. I was out $200 before the top came in and I was happy to be out Because we didn't have to pay taxes on that stuff till you know 1982 Which was you know really good, but I had gotten out of every all of that stuff during that time And I have told this story before and I want to tell it again because it's a little drawn out But I had two people for two very close friends I thought they were but I got them out $200 before the top and one of them We've still be friends through the years of course, but one of them never spoke to me again Trevor and I and his family We had traveled guys all over the United States at least three times as a family You know it resorts and stuff and we were Just gave each other expensive gifts and family stuff, but he was so upset about that last $300,000 that he never he never got back me transferred his account over to Dean Witter and I found out later that he gave almost all of it back, but I never heard from him again Anyway, let's go back to that time period when the gold was topping in October of that year Gold had brought a bro broken down from January of the 20th gold went from limit up to limit down that day It was a hundred dollar move and that was the high the market it didn't bottom until 2002 It was in a bear market for 22 years, but as the market broke it broke down hardly from hard from 865 dollars announced down to about 450 as I recall and then in October of that years It was making a 61 percent retracement at 703 707 that ballpark I'm not sure the exact figures, but it was right at 700 it was on a Friday and I put on a very large position selling at that 61 percent retracement and that was from the high in January now we're in October is a beautiful ABCD guardly everything you could ask for so I went short that Friday night and when I went to When I went came home over the weekend everything was fine We had about a five dollar lead in it and then Sunday morning or son early Monday morning at five o'clock I would get up and I had a little radio in the shower and I always listened to KNX TV right again KNX in Los Angeles 1080 and I would I Couldn't I think it's 1080 or 1020, but Charles Osgood would come on with the early morning gold fix This is when they had the gold fix in London and he said ladies and gentlemen He said the Iranian jets have hit Iraqi power stations and there is war broken out in the Middle East and the price of gold is soaring Folks I was shaving and I thought I should take the razor and slit my throat either left to right or right to left I said, oh no not again because I had gone through this in 1974 and so I started calculating in my mind I had I had 400 contracts short and so I figured if it's up a hundred dollars an ounce I lose four million and if it's up, you know two hundred dollars an ounce. I'm gonna lose eight million I had 20 million that I was trading for people. That was not my money Anyway, long commercial comes on blah blah blah took about three or four minutes and finally he started talking about it What was happening and he said the price of gold this morning was soaring. It was up two dollars and sixty five cents At the morning fix and I said you've got to be kidding. I didn't even finish shaving I just tossed on my sweats drove in I was sitting at my desk Working in the morning by the time I got there and called gold it already sold off it opened limit down Anyway, the news was already out But I was sitting there in my sweats my boss come in he saw she said you're quitting and I said no I said why he said why so because you're dressed like this I said, well, I was just really busy and I just didn't want to I'll go home and change I don't care. He said just he said time. I told him what happened and he laughed about it But that that tells you and it's over baby. It's over. You know that market was in a bear market And it didn't make any difference. What the news was and we get back from the break I'll show you another that was that that was the bigger one But the other one was of course in the Kuwait war and in January of 91 and that when I was prepared for But anyway, that's that's what I wanted to share with you that even though the news is out there Be careful because these markets react because they have underlying cycles in there Remember Bill Meridian said that we'll probably be topping sometime in early January in the in the gold and remember He's not as bullish as he was so I just something to pay attention to whether this platinum and silver is acting very weak You know, it's not even making a 50% retracement from the September highs. Okay folks We'll give you right back eight seven seven nine two seven six six four eight 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 headed 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 the charts as they happen live and have access to archives of all of those charts You can test drive the tiger's den absolutely free for 30 days and greatly enrich your knowledge of these markets And how to make your money work for you details on the tiger's den or on the front page of tfnn.com tfnn has launched our brand new website You can still visit us at the same tfnn.com URL But when you do you'll see a new and improved homepage with a much simpler navigation Whether you're watching tiger tv live in high definition or just accessing your newsletter subscriptions We even have new pricing in six months and yearly options Check out the new tfnn.com now and experience all the upgrades tfnn.com educating investors Okay folks, let's get back here and uh Want to chat here a little bit about uh The other situation about news this was in january of 91 and we were getting ready to go to or with iraq to get rid of susan hussein and um Anarman schwarzkopf was the leading general there and i knew that schwarzkopf was a very strong believer in the art of war He kept it on his desk by sun sue and one of the main things in that book is to Attacked at the darkness of the moon and here we had a new moon And at that time we had crude oil had gone from 11 dollars a barrel topping at around 42 dollars a barrel And then we had gold was making a retracement nice little butterfly pattern And then we also had the stock market was making a beautiful garly and um, so I was long This was on I believe it was on a wednesday. I went to get my haircut and around four o'clock My daughter I was in california at the end of pismo beach and my daughter called me and she said, uh, dad Do you have those positions on and I said, yeah, I said, oh dad. She says you're really going to get hurt today And I said why she said turn on the tv turn on cnn So I turned on cnn and they were lighting up bag dad And it was really, you know, big spectacle and stuff. So I said, oh boy, you know So I tried to get in touch with the floor and I was calling my old drexel desk The goldberg brothers because they usually gave me a pretty good idea of what was going on Couldn't get through to him. It was hours before I got through it must have been seven eight o'clock at night When I finally got through to him. He said, oh larry. He said you just can't believe it And I said, oh my god. I said, what is it? I said, well, give me crude oil first He said there is no crude oil. I said, what do you mean? He said there's no bids And I said, what do you mean there's no bids? He said there's no bids at six dollars lower seven dollars lower eight dollars lower I said, are you kidding me? What's gold when he said gold's limit down? And he said stock markets across asia. He said are soaring and that day I believe was one of the largest updates we had in stocks as I recall But gold crude oil opened down 11 dollars a barrel it went from 42 to 11 Of course it went from 11 to 140 But that's neither here nor there gold continued down and stock markets, you know had a had a huge rally, of course in so that was So just remember that just because the news is out, you know Things can really get a lot different than what you might think Now I have a really interesting chart here that I wanted to share with you That I think you'll enjoy at least the story behind it is pretty good. This is a long-term picture folks of actually Of the stock market, this is from the Elliott way folks now folks. They're so they're looking at from 17 20, okay down to You know 17 60 in that area folks that area between 17 20 and 18 40 That's when sam andrew jackson and stuff You know, this is this is this number two there is the end of the civil war that number two marking that you see there Right off of 21 You'll see that was the high in stocks. It was hard to get data back in there folks Come on. We were just starting as a country and you know, that was really hard to get data We really didn't start getting good data until 10 years after the civil war. That was 18 76 that's when we start getting good data But the main thing I wanted to show you is you'll see the run-up into the high of the 1929 on september the third we topped at 381 and we went from 381 We dropped all the way down to 0.4, which I believe was 42 on on july the The best will have to help me. I think it's fifth to the eighth Of 1932 and from there we went up and you'll notice that you'll see where the Dow hit 987 and went a little above $1,000 and it stayed there from 72 through 74 That's number point four there was the big bottom in the stock market that big drop that you see was the october crash of that year And from then they kept going higher and higher and higher and higher now All I'm trying to show you folks is the the fact that these things when they start to move I don't know if this is wave five up here or not into five I think that it is just because of the things that I'm looking at but for heaven's sakes, you know, it's uh Nothing else you can do but to take a look at that that it does mean something. I think it's it's very very important I do believe that when this top is in it's going to be something that is going to be very very nasty And hold on just one second here. Oh dear that's just a beauty. Hold on just a second I want to I'll get to these things in a minute, but my beepers going off and I've got to do a couple of things here So give me a second here. I've got to do a nice Oh guys, I just I just got lucky. Hold on. Hold on. What's the second folks? I wanted to I'm getting off the beaten path here. I'll get rid of this Elliott wave stuff and we can start talking about the market so a little bit First I want to cover the bitcoin because it's having a little bit of a move in here Started, you know, we down that big move that we had here in bitcoin down at that bottom at 6400 remember folks That was a long term 61 percent retracement in a log scale From the the hundred dollars a share to 19,000 That was a 382 retracement on a logarithmic scale that we get from our good friend Jim Bartolioni over in b50 partners over in El Coronado over in San Diego So that's another one that looks, you know, really interesting. Of course, it holds up. Let's take a quick look here I know you folks have an interest in the s&p. I just wanted to show you The action over these last few days to see what we're acting. You know, there's there is absolutely no fear in the market folks There there's complacency. There might be fear coming But this is what we're looking at. Well, since january the second start of the year. We've been made to high at 32 63 We dropped down 50 handles that was right during the time when They started all these shenanigans, I guess and then you had the nice rally back 61 percent retracement You notice it was a perfect a b cd. I mean right to the tick at 32 46 Then we came down over the weekend. You notice last night You'll see we broke down to 32 16 Then last night we rallied up to 32 28 And from that level bada bing bada boom, you know, we're down right now. We're trading around 32 17 I think but the important thing here from a technical standpoint remember all this is technique technical stuff Is the abcd pattern that tells you that we should hit 31 90 here either today or tomorrow Now at any time, of course, there could be a tweet coming out and the market could have a big move I'm looking at 15 minute charts because that gives me a chance You know to able to see whether I'm going to be able to enter a trade without risking very much You know what I mean? By the way, David white posted that chart from something to quote from sun sue in the midst of chaos There is opportunity. I don't know if you know this folks, but in chinese literature and chinese writing The words for chaos and the words for opportunity are exactly the same It depends on how it's used in the sentence. So the chinese use opportunity And risk in the same in the same sentence it depends on how it's used, you know in the sentence So let's take a look at I've had a request From one of our listeners who doesn't like to call in because he's over there in switzerland to take a look at the The swiss franc versus the u.s. Dollar let's Actually Yes, it's not the swiss franc folks. It's the uh, hold on one second I want to get this up here so you can like take a look at this the south african rand is what it is And I want to get this up here to see it. I've never done this before so bear with me This is the the south african rand. I wanted to show you The 135 pattern that we have here This is a weekly chart. So you'll see here It is really excuse me. It's a monthly chart So you'll see it's a very very important support there on the south african rand With the u.s. Dollar. I don't trade this. I'm just bringing it because one had an interest in it All right, we'll take a little break here eight seven seven nine two seven six six four eight Larry pezzavento has just started his brand new service fibonacci 24 seven And he's already delivering content to his subscribers on a daily basis when the markets 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 seven is something that you must try right now new subscribers can get a full 30 day money back guarantee With nothing to risk sign up now to larry pezzavento's fibonacci 24 seven by visiting the front page of tfnn dot com under trading newsletters The path of least resistance is david white's daily trading newsletter And if you're looking for active trading ideas then now's a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted Don't miss out on this great chance to get a 30 day free trial to david's daily newsletter The path of least resistance with no obligation to pay anything david has been delivering solid recommendations for his subscribers Recently and if you'd like to see the type of newsletter he delivers every morning Then visit the front page of tfnn and you'll find the path of least resistance under trading newsletters For all the details and to start your 30 day free trial today log on to tfnn dot com now tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs abc's butterflies and much more the art of timing the trade charts 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 charts today by visiting tfnn dot 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 dot com Okay, we're back folks and I wanted to um move on just a little bit from the uh Elliott wave thing because I did want to show one other chart that the mr. Preckler's group had put up here And I wanted to get this up here so you folks can take a quick look at it. This is uh showing that the distance between the low in 1932 To the high we made in 1960 and the relationship for the low That we made in the october crash of 1974. There was a double bottom there in october and december If you take that distance it comes out to you know To to fee and which is a 61 retracement of all that So anyway, that's what we're watching. I'm not sure if that means much or not, but it is a wave five I'm gonna say a couple things here about wave five here because you know, I've been doing this for a long time and not many people have You know, well, there's still some guys around but most of them too old to even talk or just not interested in it, but When we have these big moves like this Sometimes when they happen they are life changes and I believe what we're looking at right now Is something that it's going to be life changing for a whole bunch of people because I think we're going to start seeing instead of some really Seeing volatility like we've never seen it before for one thing But we might be making a major top up in here and if we meet if we see that this is going to be Pretty tough on some people in the economy that don't rely on the stock market and stuff But the problem actually folks is in the bond market And we have a tremendous amount of speculation Especially in the junk bond market and that's the one that really makes it kind of different One other comment I want to make is about the apple trade that I did which we Jokingly called the trade of the year. We went short at 291 and a half in the newsletter two weeks ago. That was uh Well, is he about a week ago? And yeah, yeah It was two weeks ago. That's right and uh The stop was $10. So the stop would have been at 301 and a half I put my stop because I was only risking $7 at $2 99 and a half and I took a $7 loss But for the newsletter folks that is still a valid trade. I don't know where apple is But you keep your stop at 301 And the reason for that stop folks it is three standard deviations from the norm And that's that is very very unusual. That's like a 1.618 expansion in spades so Above 301 and the apple it would really be a you know, really really busy And you know, there's no reason in the world to be short apple But that's that the prices have to be the most bullish at the top And most bearish at the bottom. That's the function of price It's like it makes supply and demand come together when I was in indiana doing my graduate work back in the mid 60s and mba John Kenneth Galbraith from harvard would come in because he happened to be a friend of one of the professors there And he would give a lecture every year and he always it was packed all the time And it would always be about the stock market and stuff and and he would always say he said I remember the comment that I was in there. He said folks. He said you'd be much better off Not going to graduate school, but go short a contract of soybeans. He says that'll Turn you teach you more about supply and demand that you're going to get in these two years here at the university And he was right because that that tells you, you know, tells you about margins. It tells you about risk control You know, it teaches you all about those things But in fact, that's uh, basically what we're looking at when we're doing this Those of you that read the newsletter this week for my good friend. John Jameson You, you know, we talked about, you know, the uh the war with Hannah with uh, Hannibal and it was really uh, uh, Napoleon, excuse me And it was really amazing to hear, you know, the story behind it and how he was beaten at Waterloo and stuff like that But it's all about risk control And it's all about how you put your generals working and your generals in this business as folks is your is your capital So you have to protect your capital. That's what you have to do is to keep your Things to do that. Yes, the gallbladder just died just a couple years ago He's a really really a nice man. And uh, that was neither here nor there. Thanks, David You are an absolute wealth of information. I mean tell you, I'm just absolutely blown away by how much you uh, you really know Now one of the things that we talk about here and we haven't had Shane on from uh, wolf trader Recently because he is just a dog on busy. Uh, this is a uh from the federal reserve Board of governors, you'll see that, uh, you know, what's really happening here with this three trillion dollars It's going on something is happening in these in these markets folks because they are pumping money into it Like uh, like never before. I don't know how it's going to be pumped out Maybe through the cistern. I don't know flushed. I'm not sure But this is unusual that we've got going on So keep your eyes on the ball here because we are at a critical point in time and the fact that we're right here in january I think is very important. Remember to have these big cycles that Bill meridian talked to us about that ends on the 10th Of the month, which is going to be friday and I believe we're going to have norm winsky on And he'll be talking about that and of course, uh, we have the 8th of january, which is the birth date of erin erin erin elvis presley And elvis erin presley and from 1935 anyway, let's move on here and uh Carry a few other things here that you might have if you have any questions folks. It's eight seven seven nine seven seven Six six four eight. I'll be happy to answer Any any questions for you? I think it's interesting to uh to see that Let's take a quick look at what the markets are doing right now and we'll see what's going on. Okay Wow Boy folks, I'll tell you I'm going to tell you something here right now in about in about three or four weeks I'm going to have something that is going to be really really spectacular here I might take me a little longer But i'm working on something with john jameson that looks and also tom who guard that is uh, it's a mechanical system But my gosh You know It really gets the puts the edge on I tell you I uh, I just can't uh when I look at it I'm just absolutely can't believe it two thirds of the time the other third of the time I'm absolutely sure of it All right, let's move on here and see if we have any questions get this up here I wanted to show you I'll get this up here to show you uh palladium here because this is one that we've We've keeping an eye on for one of our listeners here. We'll get this up here You'll notice here the palladium came down. We had the moves What's important about this palladium chart folks is look at the break that we had between november the fourth and november the 11th We see this all the time well the break that we had between December 16th and december 23rd. Okay. What was that break? It was exactly the same amount drop the same amount So that's why when you see those you that's what's happening Uh, it's really uh, there's no mystery of that. You know, it's pretty much what's been going on. So I don't have never traded palladium before but it looks what's going to go above it's already above uh It's just got a price objective there of of 2016 And uh, you know, but we'll see all I know is what I'm looking at is what I'm watching So anyway, we'll keep a close eye on it as we as we go through And look at some of these other charts that we wanted to uh to talk about I've already posted the uh The e-mini chart showing that we'd have let's see what the prices are see if we're holding up at those levels or not And uh, let's see where we are. Yeah, we're holding all right. We so far the lower the overnight is 32 uh, oh See was it 32? Yeah, 3209 we're trading at 32 20 So it's pretty interesting to see if uh, that's going to be uh, the big case 8779276648 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 in the tax opportunity zone in st. 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That's 8775189190 If you're a trader in the market looking for exposure to gold or gold mining equities Then now is a perfect time to sign up for Tom O'Brien's gold report the summer is over Gold is trading back above $1,500 and the 10-year treasury is hovering at around 1.5 percent Tom O'Brien has been writing his weekly gold report for almost 18 years There's no one that knows more about how the gold market trades and how gold mining equities react New subscribers get a 30-day money back guarantee so you have nothing to lose Every monday morning Tom publishes his weekly gold report with coverage of gold, silver, bonds, the xau, hui, gdx, the dollar As well as more than 30 different mining equities as of september 3rd Gold report subscribers have five active open positions with an average Unrealized profit of almost 38 percent for each position to see for yourself the types of profitable trades that are recommended within the gold report Sign up today by visiting tfnn.com Will the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spxs Directions daily s&p 500 bull and bear Leveraged etf's direction leveraged etf's an investor should carefully consider a fund's investment objective Risks charges and expenses before investing a fund's prospectus and summary prospectus contain this and other information about direction shares To obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit direction investments.com A fund's prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services llc The bull bear trading hour with tom and tommy o'brien next Okay, we're back folks and we are looking at the Stock markets holding up relatively well here given the fact it looks like the end of the world is in sight But we're trading at 32 23. We've had a range last night Of a high of 32 30 And then we had a low of around 32 12 32 10 So it's just hanging in there. You know really not doing too much. So we'll pay close attention to it Let's take a look here a crude oil We've had a interesting thing in crude oil if I if I mentioned several times We mentioned it in the newsletter of course and then also in the video that we sent out to sunday Is the fact that there was a lot of resistance up there at that 64 dollars We had a little free drive to a top pattern if they're at 64 30 or something like that last night We've dropped a buck a barrel no big deal But the fact that the market is not going crazy given the fact that the sabers are rattling everywhere That certainly must mean something That's the main thing of what we're paying attention to So we'll just keep a close eye on that as we move on Okay Wanted to do a couple other things here. I wanted to bring To your attention one other chart here that I thought was relatively important that we had posted earlier But I didn't get a chance to talk about it very much and that is this platinum chart To get this up here. Yes, we do have a full moon friday marshal. Thank you very much Here is the chart of platinum now friday What we did folks is we took out the high of august. Okay now the high of august that that was at Uh 1080 cents, okay, and what we did on friday. We had 1001 and 40 cents So we went above it by 60 cents and we broke 13 dollars. Well, that's why platinum is so weak today Folks can giving the other one is a fact that it's just uh that could be a major double top in here And i'm going to give you some homework right now if you think this is a bullish chart on platinum folks Take a look at the weekly chart on platinum That weekly chart on platinum is not bullish Let me tell you that is not that is not bullish. Okay, that's uh, very very Important. Okay, get off the beaten path a little bit I have to tell a little bit of a family story because it was so important yesterday I have I don't like to I don't I as most of you know, I don't bet on games I don't bet on football basketball baseball and that stuff I stopped that many many years ago and the reason for it was in 1977. I was at Drexel And bob gill million and i and lee roy linhardt were all we were booking the bets for all the coin from all the coin dealers We were acting as a bookie and uh, you know, it was really exciting Anyway, long long story short, but I was watching the game on saturday morning We get our charts in from from a commodity perspective and I was sitting there In oklahoma was playing Nebraska And I had the game one I had Nebraska and six points and you know Anyway, what happened was a player for Oklahoma named Elvis peacock They called the play called the Missouri flea flicker and was six seconds to go He caught the ball flipped it over to the halfback, which was Elvis peacock and he ran down I'd forget how much it seemed like he ran forever But he won as the game ended and he won the game and That was nicknamed the Missouri flea flicker and And I was screaming and yelling so hard and I was so angry that I lost that game I went into the into the family room. I was in the family. I went into the kitchen And my daughter eight years old is on the telephone dialing 911 And I said, what are you doing? She says dad you're having a heart attack and I said no I said i'm not having a heart attack. I said hang up the phone And I said what's going on? She's dad. She was crying. She was really emotional. She's dad says i'm really worried That you're gonna die. She said I never heard you scream so much and say such bad words And I said well, you know, I gotta she said how much do you have on the game? I said 200 dollars She says is 200 dollars a lot of money for you dad and I said did your mother put you up to this and uh She said no dad. She said i'm really concerned that you're gonna die From that day on I never bet I never made a sports bet and the biggest bet I ever make is 100 bucks That's that's on the on the horses for the derby and stuff like that And I'm actually pretty good at the horse racing thing But uh, and I don't do that very often, but anyways at that time I never I never did it So I'm watching the game yesterday and I'm really rooting for minnesota because rich anderson is involved And uh, they don't have a chance against the new orleans saints and uh, son of a gun They ended up winning and it was in a really, you know, it was very very exciting anyway, but Anyway, I was I was thinking about all that stuff and I wanted to be able to understand that You know that this really the when you bet on these games. It really means nothing But since that time I I never really I never really did anything like that That's that's the main thing. But anyway, we were chatting about and she was laughing that she said I don't even remember that and I said, I'm glad you don't but That's why I don't do that anymore and I don't even miss it yesterday You know, I was watching and I said guys if I was watching this I would probably you know My my blood pressure would go up and down like a like a yo-yo so I don't really do it anymore We stopped back. Yeah. Well, let's get on any any questions eight seven seven nine two seven six six four eight We'll see what's going on here One of the questions someone's asking me could the stocks make new high absolutely stocks could make new high from here Just because you know the Elliott wave comes up with that number five count You know, hey, I don't know, you know, when you look at those counts folks, I mean, give me a break some of that data You know, they're talking about from 1720 to 1865. Give me a break I dare you to go back and try to find a price for something in the newspapers We've got a fabulous library here at the University of Arizona And I used to go down and dig that stuff out and believe me. It's not easy to do Of course, you know, google does it a little bit better now, but That's neither here nor there. I you know, basically folks I am basically a short-term trader related to risk I tried to you know describe what that's like in the newsletter And that's really what you're looking for is you're looking for an edge whether that edge works or not Is is really Neither here nor there. So that's what we're that's where we're keeping an eye on. I hope that helps Anyway, we'll watch this the VIX Uh, see, yeah VIX had a high of 1639 and a low of 1492 Tucker, thanks for putting that in that's basically telling you folks that there's there's not any fear out here I mean, it really isn't You know, it's not it's not like it. It's not like it was, you know, when we had 911 or something like that You know, of course 911 we lost several thousand people that day, but uh, and that was you know a game changer But I don't know if this is going to be a game changer or not Nobody else does either remember folks Iran has 84 million people and it's twice the size of texas Okay and if you remember Winston Churchill he called he called John F. Kennedy up during the Cuban Missile Crisis and he told Kennedy he says look He said make it really simple. He said take your planes fly him over Cuba all during the day for the next, uh, you know month or so He said it'll it'll destroy the cute the the sugar crop and they'll be out of business That's what Winston Churchill told him Of course, they tried to be a pigs and that didn't work too well either. So we'll see Anyway guys we're coming to the end of the rope here this morning folks We're going to have a couple of guests this week's tomorrow and we're going to have the astrologer boys on We're going to have arch Crawford this week. We're going to have tim bossed on Number six in the group here. So that's going to be good. Oh, we got a caller here from, uh, New York, uh, Dennis, are you there? Yes, Larry, how are you? Very good Dennis. I'll tell you what we're going to have to pay a few bills here For mr. O'Brien, but if you'll stay with us, we'll we'll talk about palladium here When you when you get back, okay? Because we yeah, thanks for holding on what I'll do it'll give me time to post the chart For palladium on the 30 minutes so we can discuss it a little bit more cogently That's a pretty big word. Okay, buddy. We'll be right back folks eight seven seven nine two seven six six four eight I'm certain you are or strive to be one of the best of the best at everything you do in life It's the most common trait that we tigers and tigers share If you're looking to become the best of the best when it comes to managing your money Let me teach you to do what most wealth managers tell you can't be done Which is how to time the markets? 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We're talking with uh denis in new york denis. You have a question on the 30 minute palladium chart Yes, I was wondering if you see a three peaks in a domed house um pattern Is that is On the 30 on the 30 minute Yeah, no, I don't denis and the reason why is I don't see any symmetry there at all over the past three or four days It's been in a range in over between 1975 And we hit the little above 2000 Today, but I I actually I don't see anything there at all. There's no clarity that i'm watching In fact, i'm i'm watching it for someone That I deal with quite a bit and he wants to get short palladium And i'm looking for a price of around 2016, you know, risking about 20 bucks, but you know, that's 30 dollars from where we are right now But I don't see anything at three peaks in the domed house It's got to be real easy to see just like a three drive to a top pattern If you have to ask if you have to ask the question denis the answer is probably no It's gonna be really clear from sunday this sunday this sunday uh evening Oh, I see. Oh, I see that all the way. Yes. Yeah. Yeah. Yeah. Yeah. Yeah, that is There's three drives. I see that really clearly now. It's a very small chart But oh, I should have blown it up. Yeah, I do see it that is three peaks in the domed house. You're absolutely correct On a 30 minute chart on that Pops because that's not fun to do. No, no. Yeah, that's all it's all about Necessarily a top you're looking for a trading turn and how much you have to risk tops and bottoms They don't mean the same thing. It's how much you have to risk Yes, exactly. You know, so that's very good Palladium's a tough one yet. It just keeps on going and going and You know showing this one is not easy We had a we had a $200 drop into december 22nd and then it comes back and rallies $300. So it's not for the faint of heart Not at all. I didn't catch that downdraft and to profit I'm gonna show this three peaks at the domed house on the show tomorrow to buy it back No, nothing wrong with that. That's nothing wrong with that If you look at the if you look at this on the bottom between the 22nd and the 24th, that was a perfect 135 pattern You know with higher bottoms. It was really nice there. It's 1830. Hey, thanks for joining in and happy new year to you my friend Thank you. Sorry. We'll see you have a good one. We'll see you all tomorrow folks. May god bless