 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 Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis Well, we post the chart of the DAX daily and also the DAX 15 minutes and have nice volatility in here Nothing exciting to talk about you see some nice ABCD patterns by the way folks today at the break We're going to have a special guest again Andy Pancioli from market timing across the pound over there in the UK is Going to talk to us about a couple of trades that he's got on his plate and we know how we like that He's going to be talking to us about the dollar index Which is certainly on our watch list and also one that we ask about all the time and that is the Corn market and hopefully he'll give us some good insights He's going to be talking about a commitment of traders and other things that sometimes we don't get to listen to Because we just basically look at the charts But Andy will be with us at the break to give us some really good information Now someone's asked a question about what's going on in in Minneapolis and other places folks I I lived in Los Angeles for a 40 some year in that area for 40 some years And I saw it went through all that stuff 30 years ago It was it was it was in May too. We had the riots the Watts riots with when Rodney King was beaten and By a policeman and it lasted about three or four weeks as I recall Rodney King got 3.8 million dollars and he died at 20 years later and he died penniless. He did not have any of the money left and So I'm very sorry about all that kind of stuff But let folks I don't want to get involved in the politics of any of this stuff I watched everything in Hong Kong last year just broke my heart because you know, I love that place and to see him you know rooting rioting and you know Looting you know Rolex stores and stuff like that of me folks Those aren't protesters. Those are those are rioters when they do that and they should be doing it I just don't understand How something like that happened read the read the story of George Patton how he used to handle it stuff That's that's the thing that you want to remember my one of my stories from my uncle Paul Was when they were going to this little town in Italy and they were rioting in the in the little piazza there and I Don't want to go anyway Patton told his Second lieutenant to go up on top of the building with a 50 caliber machine gun and take out the fountain right in the middle of the place He said I don't want anybody hurt He says take that fountain out and of course if you've ever heard a 50 caliber machine gun go off It's enough to put bone-calling thrills chills down your spine and that that place emptied in them out in about three minutes so 63 60 some I think 66 or 67 people died in LA 30 years ago And that was a you know, this is bad times, but you know People acting differently and then you hear story. Well, let's get on to these other things Larry shot the front door and raise our head Let's move on to the footsie. You'll notice here. We'll take a look at the daily here Hold on Hold on one second here Mr. Z asking if Paul Newman and Shucks hold on one second and hold on just one second Paul Newman and Robert Redford were clients at Drexel No, that's not to my knowledge. I'm pretty sure they weren't I never did I never did see either one of those gentlemen You know what they didn't see me either so it's equal Okay, let's let's go on here to the next thing we want to chat about and that is the The Euro folks we've got a we've talked about this dollar index now for some time and oh dear What happened to it? Here it is. There we go. We are at the proverbial moment of truth here This is going to be really interesting what we have going on in the Euro In the Euro, you notice that we're this is the dollar index We're now breaking down below the lows in April, but the key is we've got this ABCD pattern That's in here and we're right at a major inflection point in the Euro So with Andy coming on the board here, we really would like to hear what happened I wanted to explain to the folks yesterday what I hope I can show how I did this This was one of the things that I was looking at yesterday And I just wanted to show you how these things work is when you when they fail They really fail you notice we had several major numbers up here this 105 50 and You notice there that there was a sale there 105 50 We risked 30 pips and you can see we went screaming up all the way up above this 114 level And that's why it's going to be so interesting because if you look at this on a longer term basis Which you do and what we're going to do over the weekend It's going to give us a really good opportunity to look and see what's going to happening with this Euro and dollar index It's going to be quite interesting now Mr. Z was kind enough to send us a chart that he's been watching and that is the coffee market and Right now a coffee is oh, let's get this done here a little bit differently move this over you'll see here You'll see that the coffee has Had that three drive one three five pattern from 87 60 92 20 97 60 now we've broken to the downside And frankly what this looks like mr. Z is we've got a big a bcd That's going to take us down possibly to that 85 level once more which we were last year at 87 60 We should take that out if that's the case now whether it's going to continue that way. I really don't know Marshall is asking about the Australian dollar and I haven't looked at that this morning Marshall But we're going to take a look at it right now for you my friend So bear with me and we'll get this little puppy up here Only take me a second to get the old Australian dollar up at least that's what I'm hoping and You'll be able to see it here and we are making some type of a nice little high in here from a very long time ago There we go. Yeah, we're right at the 78 percent level Marshall You're absolutely right and we've got it. This is why this dollar index is so interesting folks is We've got so many of these patterns that are coming coming through. I'm going to spend three four hours just on the Just on the foreign exchange this weekend. So hold on just a second. I did something wrong Okay, here's the Australian dollar what we want to do on the Australian dollar is also look at it on a weekly basis Because I think that will give us a better idea not really now that doesn't work as well as I thought it did Anyway, that's doing the same type of thing that we're looking at and we'll we'll be watching it very closely We've already looked at the Canadian dollar You can see what's happening in the Australian dollar. You can see what's happening in the Euro You know, all of these things are lining up pretty good So let's remember that when we look next week because we certainly want to we certainly want to be Watching how these things unfold here now if you remember yesterday We talked about the potential for silver to be very very bullish And I just wanted to get this up here to show you because we had this Consolidation in here now. We're starting to move out of this consolidation to the upside We've taken out the highs of last week. That sets up a dollar a barrel a dollar a barrel $1 an ounce higher in silver up around that 1920 level and we got to remember folks if we ever get this thing above 1980 and I mean 1980 $19.80 that's going to break out of the 78% level going back at several years That would really be, you know, really really something spectacular So we want to watch those also very very important. It's should be something that Would be in the news I would think but you know, I never know with all the stuff that's going on in the world Right now anything could be in the news and who knows we'll see what happens We will get through all of this, but I really believe anytime they burn down a police station. 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I've I would like to alert you to something that Rich Anderson sent me And that is there's an article written by Howard Marks of Oak Tree Capital one of the smarter dudes on Wall Street And it's about one of our favorite subjects, which is risk and I suggest you to just google it Howard Marks And just put in May 28 and it'll pop up for you I think that the article isn't called uncertainty and I think you'll enjoy it It's very short brief right to the point But it basically gets down to the heart of what trading is all about and that is do your homework You know make your opinion and take the responsibility and remember that you're always dealing in probabilities You're never dealing in certainty and so those are just a few of the things that I Think that are in that article that are pretty good It also talks about you know how the markets work with these All these people that are doing this stuff with ETFs and things which is very very interesting So keep in mind that that's what's what's happening in some of these markets We we as I mentioned before we'll have Andy Panjoleon in just about 10 minutes So he'll give us a pretty good Pretty good view of what he's looking at especially when it comes to the corn and the Euro Which is well the basically the dollar index so looking forward to that now We had one other question this morning, and that was about let me get the future up So we can take a quick look at it and that is about the sugar of the sweet and we'll get this up here You'll see here and the sugar is holding up from that double bottom that we went down here We've rallied up into this eleven dollars a pound area We came down from sixteen dollars a pound all the way down to nine dollars a pound During the sell-off and everything else when assets were being liquidated But now it's holding up that it's pretty good corn is looking pretty good It had a big rally yesterday about eight cents. So that's a good sign All I'm watching for folks is the first sign of a really good tradeable pattern down here We don't have to risk, you know very much at all because that's the whole key of what we're watching here So those are just a few of the things we'll be watching December corn We're going to be watching Christmas corn because that's the new crop That's the one where you can have, you know problems with Weather and all the other stuff and you always see some of these as we go through folks get ready for higher prices and meats in the few weeks and months coming up because there's going to be a definite increase in the price of meat and That's mainly because of two factors one is that supply is going to be dwindling and also they're not going to be Be able to prepare it and get it to the market in time. So those are just a few of the things Someone's asking me to comment about the president and Twitter I really don't know anything about it and I've never I've never tweeted or any of that stuff so I don't do social networking and They forced me into getting a One of these iPhones here. It wasn't anyone is What Android deals but I had a flip phone for you know, many years But I really don't get into that stuff and I don't want to get into it. I really don't folks I I'm like curly in that movie city slickers. I can do one thing I can do short-term trading pretty well because I just look at the patterns and find a pattern that gives me a probability of a greater than 51% and I know what my risk is and then I can do that all day long and And that's what I do. Well, you know, I've studied these patterns and I never alluded to myself that I could be You know a savant and in mathematics or calculus and stuff stuff like that I just don't do it. I keep it as simple as possible, you know, and that's it. Oh Mr. Z saying ah contrary. I've been doing social networking since 2005 this is a radio show. I'm talking about people that are tweeting back and forth, you know, that's that's the main thing I don't do any that stuff, you know, and in fact, I try to keep the opinions You know, I don't like to get on a soapbox here. Sometimes, you know, they bother me I mean Sarah and I are looking at what's happening in Minneapolis and Columbus, Ohio and Los Angeles and Denver, Colorado I mean my goodness. I mean, this is a this is terrible. There's no way to Shut up Larry and let's talk about charts get going here This is all part of you know, not life I mean, it's always having it's summertime and that not only that there just to give you a perfect example was the kind of stuff That you hear I have three people today three people today saying that they had heard that George Soros had supplied a whiskey and beer to all the people in Minneapolis. Can you know how silly that is? Give me a break Okay, mr. Z whatever you say, we'll just move on here to the next one But this let's get very very close with something here that is really interesting pretty soon We got to be able to watch this one here is the natural gas I want to be looking to be a buyer of natural gas If we get one more one more pull-off Move to the downside. I'm really looking at that one for a longer term play and the other one is Is the other one where we watch is a short in the crewed in the US crewed market because We've had a really strong rally off of this and we want to be able to you know, find a place to Get short and what we're watching now is the August contract, of course And we'll watch that one as we have a nice pattern We have not had a pattern line up perfectly as of yet now That's doesn't mean it's not going to happen But we're just keeping a very very close eye on that We'd love to see a nice three-drive pattern like we saw that NASDAQ Earlier this week when we had the big break and we we did not take out the highs even during the rally yesterday And if you remember when we started to show yesterday, we were making a perfect bullish Gartley in the NASDAQ and that was the one that you know Rallyed the market up and then when it made it 1.27 extension that was it then the market rolled out We're just having big swings folks. That's all we're having I mean we used to get a 70 80 point swing in the doubt that that's in five minutes now We get five six seven hundred points, you know, so that's it. That's all that's moving, you know, that's all you can do I don't know Okay All right, let's move on to something else here I don't want to get into the politics of this I'll let you smart people try to figure that out because that's be a way beyond this old cowboys Be great now Let's just take a quick look here at what we've got going in cattle folks because we've had cattle move above the hundred buck level now This me I'll do that Tucker I will get the natural gas here up as soon as possible Hopefully it'll be for the break here and we'll take a quick look at it So give me one second and I will get this natural gas contract up I'm having a slight data problem today and I've got to be able to Natural gas there we are. Let's move it up here Yeah, here. This is natural gas is getting ready to do exactly what we want it to do and that is move down Let's get this up here and you'll get us. Oh Wow, this is really interesting. We have a really good spot right now If you wanted to take a nibble at natural gas, we have a one three five pattern forming perfectly here between May 11th May the 20th and where we are Right now right about June 1st. So watch that very closely. We just completed a perfect ABCD Gartley up there at 20 bucks and now we should hold we should hold 18 If you get if you see it at 73 you're wrong with it should hold this level right here I because you know, you're down one two three days the last time you came down two days You're sitting right at the 61% retracement of the previous low if you want to take a nibble at natural gas This is a time and well if it fails You're going to get a really good chance to buy it and possibly which would be an ideal situation that you'd really love to see it Is it a dollar 38 now? That's down 50 cents and you know it can move quickly because we went from 216 down to 162 So that's 40 cents. So when these things break boy, you got to stay out of the way I mean this is what that whole thing you about Howard Marx is about uncertainty and risk control And that's what you have to do. Stay tuned folks. We got Andy Pancioli marking timing of the UK coming up Larry Pezzavento watches the markets 24 7 and now is a great time to try out his daily trading service Fibonacci 24 7 Larry publishes videos and charts for subscribers throughout the week when warranted and every weekend He puts out a thorough report covering worldwide markets futures commodities and currencies with Fibonacci Retracement levels possible trading setups and zones and stops and targets for all recommendations included Larry applies the principles He's developed over decades of trading while analyzing a variety of markets for subscribers To see for yourself the types of videos charts and analysis that Larry provides for his subscribers sign up for Fibonacci 24 7 today by visiting the front page of TFNN comm under the newsletter tab You'll also gain instant access to Larry's archive subscriber webinar from earlier this year new subscribers get a 30 day money back Guarantee so you have nothing to risk sign up today If you're a trader in the market looking to find the path that leads to maximizing profits while decreasing risk Then now is a great time to try out Dave White's daily trading service the path of lease resistance Through the use of options and equity trades Dave advises his subscribers on a daily basis of the current market conditions and what possible trade setups are on the horizon The path of lease resistance is published every trading morning often with updates intraday when initiating trades or closing out positions Dave White has advised his clients of some outstanding winning options and equity trades in recent months And now is a great time to try it out for yourself new subscribers to the path of lease resistance Receive a 30-day money back guarantee see for yourself the types of options and equity trades that are available by signing up for the path of Lease resistance today by visiting the front page of TFNN comm and selecting the newsletter tab sign up today 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 guard lease ABCs 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 gonna 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 comm 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 Okay, we're back folks, and I think we have Andy penjoli from the UK on the line with market timing Andy. Are you there? Hello, Larry. I'm here. Can you hear me? Yes, sir? Good morning to you. Thanks for joining us today. How's the weather over there? It's a beautiful couple of days for England and thank you very much for having me on your show again My pleasure. What do you have for us today, Andy? Well, Larry, I thought the last couple of times I think the first time we came and we talked about the foundation for the study of cycles and then the last time I was Showing yourselves some of the system. We've created here at the market timing report So what I'd like to do is just take that a little further and show you how we actually apply this and some of Here's a couple of things. I'm looking at there. I really like the look-off So if you're ready to go Yes, we probably have a few questions afterwards So please stay with us, but you're gonna be talking to us about corn and I believe the US dollar index That's right And then I was just following what you were saying a few minutes ago, Larry I brought up a couple of other slides that I've just managed to squeeze in there So we'll take a look at those as well So can you guys see this chart? Okay here? Yes, we're spot on you got it Fantastic, so what I want to this is part of our market timing report proprietary timing system And this is a long-term monthly chart Of corn and this is what we used to highlight trend changes So for already in a position we'll look to protect it here or if we're seeing a reversal coming in a Potential time cycle coming in then, you know, we're looking for opportunities And what I want to draw your attention to here is that we got a very big spike and where we get these Time cycle spikes and these are predictive because you can see one there all the way through I think that one's coming in for around about June 2021 that is another there's gonna be another change in trend in corn But you can see where we get the big spikes we get the really big reversals So we get a heads up, you know, and here's the another one here And it's a little bit more complicated than this because we use sub patterns as well to fine-tune things down Ideally to the day, but you can see here again a big cluster and a low And here this big high this major high on this very big spike and this is you know We're up here a spike that's potentially as high as that now what that suggests to us Larry is that there is a Significant reversal coming about in the corn market. So let's just take that a little further and We have a platform that Where we put in seasonality and commitment of traders data and so on and we can see that really corn Seasonally tends to be pretty bullish in the back end of May and as we head into June now You know if I go back to this one that this is suggesting We're in for a significant reversal and it's gonna be way beyond what we're just seeing here So annual seasonality is useful But what we're gonna look at is is more powerful than that But the first clues are that we are in a potential up move and here in in corn So that's the first thing now I'm gonna come to this in a not in a moment because this is kind of a bit abstract for you guys because you haven't seen the full system yet But this is where we look at commitment of traders data and we're particularly interested in what the commercial traders are doing and So I can just give you a quick overview and what we're seeing here is we get a warning whenever we see anything above 95% or anything below 5% or 10% we get these warnings and we know that something big is happening So that's the key point from this slide really is to show you that we we're on alert here at corn because the commercials are at huge levels Well, what does this mean? Well, here's the commitment of traders data And I'll go into this in a little bit more detail in a moment that we're looking at this green line Which is our commitment of traders? commercial index and Basically for those of you that are not familiar commercial people are the producers the hedges These are the people that are interested in you know, they produce it They don't make the money by speculating they make the money by by either using or or you know growing and harvesting the corn and When a market heads up in an uptrend they will sell more and as the market heads higher and higher they'll sell more and more and Right and this the index really compares how they've been selling relatively And this is over the last 36 months of the three years and when we saw a hundred back here This means we've reached the highest point in 36 months 12 months and six months So this is suggesting we're a very high point now. Let's make this a little easier This is where we are right now right at the top banging on the top there and last time we got here Take a look folks see what happened corn was in a downtrend and it reversed and it off went off to the races like that and The last the previous time we were up there We saw a low coming and it was a little bit more gentle So you can see that we're getting some warning signs coming in No, as I mentioned You know we look at the relative positions of the commercials and the non commercials So we're talking about the commercials These are the producers and what we're seeing is that over the last few weeks they've increased their buying This is the amount of buying they're doing and this they've reduced their selling Substantially so this is kind of interesting. They're getting pretty interested in getting long on corn here So that's kind of interesting that now the other people we look at as the non commercials Well, who are the non commercials? These are the hedge funds, you know, these are speculators the largest speculators and hedge hedge funds and we tend to be trend followers, right? So the fund we're running will look for trends, but we actually don't want to be in this particular group What they do is when a trend is developing they will follow the trend and typically the the non commercials are the wrong way At the end of a trend because here the market's been coming down and they've been increasing their short positions on this red line They've been going more and more short and they are so heavily short They're nearly reaching a pretty high level and look what happened when they were up at this top level there Now they were shorting this market down and then they suddenly get caught out the wrong way When the market takes off and you can see how they suddenly switch very rapidly their shorts just disappear overnight Well, if you look at this This is the number of short positions the non commercials so the hedge funds have and this is the number of long positions and They've been You know, they've been fairly flat, but the shorts have been increasing I was selling more thinking this is heading down and the net of these is that we've been very very bearish So, you know, they were right to follow the trend down here But the the information coming here from the previous page is that this is suggesting we're about to roll over in corn and like you said Larry, you know, we want to look at the December contract and what we saw was this breakout here and You know, we've been in the sideways coiling pattern. We've been seeing some higher lows coming in there and then we popped out from this level here yesterday and One of the so this is the same. This is going into a shorter term for 80 minute chart this is the same trend line just focusing on this area here in a 480 chart and We got the breakout. This was the big coiling pattern I was showing you there and what we see here is we put this pitchfork in and I like to use these pitchforks Because once we get proof using a time cycle, you know, we get opportunities You're always lucky if you can get in on that second bar that holds, but we got a gift yesterday So we work orders on this bottom line usually for the median line as a target, but boy did this go to the races yesterday and We've hit the upper level. So we do a bit of a pullback. Well, the great thing about this is Actually, let me just use this chart I think we'll probably pull back to the median line which takes us to the top of this level here and that I think is potentially a great buying Opportunity right there that you know gets us a chance to get our risk-reward ratio set in and I mean We have a course where we teach all this risk-reward stuff based on this But I won't go into that right now, but this got us a pretty easy first sort of Entry into this market because looking at the commitment of traders data. I think this is this is going to be heading up And we have to pay a few bills Andy. Stay with us and continue. This is really interesting. Thank you very much We'll be right back folks The gold market has taken off top-side in a large way in 2020 If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report took profits in four of its equities in the gold portfolio in the first week of January for a combined profit of 99.2% with two positions left in the portfolio that have a profit of 67.5% as of January 7th The gold report is a comprehensive look at the metals sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30-day money back guarantee So you have nothing to lose every Monday morning I published the gold report with coverage of gold silver bonds the XAU HUI GDX as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting TfNN.com don't miss out on the next great gold trade sign up today build the S&P 500 Continue to climb for bold trades on US large cap 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 Direction investments.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 Many of our new listeners have heard about the Tigers Den The Tigers 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 those charts You can test drive the Tigers Den absolutely free for 30 days and quickly enrich your knowledge of these markets And how to make your money work for you details on the Tigers 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 The bull bear trading hour with Tom and Tommy O'Brien next Okay, Andy you want to continue please? Thank you Larry. So just Zooming into the bigger picture here on December corn I put this Horizontal line in where you can see we basically got these tops after the breakout We've broken out there a retest of that would be pretty nice And then I think we're gonna get a big move here and and here's another thing. I think some of you Will be a well, you know, maybe followers of Gann's work And he talked about the Jubilee Cycler a 49-year cycle and you get big moves And I think if we go back you'll see that 1972 Brought these phenomenal moves. I don't know if you remember there was a Russian. Well, actually, you know I'm probably not many people will and I have to say I don't remember because I was just a teenager then but But I did study this and we got the Russian family, you know droughts and we got the currency crises You know that was when we came off Bretton Woods and and so that so that you know that inflated the commodity prices So I think we could be in for a big move and in the short term I put the Fibonacci levels in here We got the 38.2 there, you know as a first potential target But we could go well up because I think this is going to run through for a couple of years this I mean we this might not be the absolute low But it's sitting looking like a great place looking at the commitment the traders and what the smart money is doing Larry Really good analysis Sandy. I It just really makes a lot of sense and it's common sense to that. That's great Wow, I really like it. Now. Did you want to go into the dollar index now? Absolutely, sir. Yeah, here we go. So some thoughts on the dollar index. This isn't quite as As you know, well, it's still a good one So I'm looking here at the way it's not as a big magnitude of what I'm seeing here as I'm seeing on corn as well I was trying to say so same deal. But this time I'm looking at our weekly patterns And I'm getting here a pretty big weekly spike In fact, the biggest weekly spike I'm seeing in the dollar index really since September 2018 so you can see these are pretty tradable swings There's a good good few bucks to be made in each of these and once again, you can see where they spike we're getting You know these these reversals have just highlighted a few there and we as I say I'm just using one histogram set to show you here. We use several and you know We cover these in the you know in our report But what I'm seeing is this is for the week ending 12th, June So this is week after next but we're getting in the window in the next couple of weeks now. We don't just use the Histograms when I look at timing I look at the decennial patterns and of course most of you familiar with the stock market decennial pattern But I also use this on various commodities and instruments and what I see here is that the 20th cycle Takes us back and gets us this low here And then we get a double bottom here around about mid-June So we talked about the week ending 12th and there's a low here on the 7th and then this market takes off But here's that so this is really interesting because you know the dollar index is coming down right now So this could be an interesting point to look at but also If we look at the 1990 in the 2010 either the 10 year and 30 year patterns check this out We get significant highs look how well these patterns match all the way down until October But this is the wrong way around that we're seeing at the minute. So we might be seeing an inversion I don't know but what I did think was this 10 and 30 year patterns were very interesting And they both make highs here around the 7th 8th of June So what we're saying is this is a significant inversion point coming up round about the week ending 12th of Of June and because this is the DNA of the market So this means this is definitely going to be some sort of reversal and we don't want to guess it I mean ideally it'll be a low but you never know and now let's have a look, you know going into our seasonality That suggests a low round about here as well, but seasonality can invert Then I looked at this the commitment of traders and right now We're not really at any extreme so that doesn't suggest a huge reversal of any kind It just suggests a smaller change in trend and just looking at the commercial index. They you know that they've been Just been selling, you know Recently they've increased the selling the last few weeks there. So Again that gives us clues that I don't think we're in a big reversal. It's kind of as what is it not telling you? It's not like corn where we see things off the chart and we're going to get a big move And by the way the non commercials are so so that they've been reducing their selling incidentally So, you know the hedge funds have reduced the selling and they're actually heading to net long. So that's kind of interesting but here's here's the setup that we've been trading and we're looking at and We put the pitchfork in with these three points here We finally got the touch of this one and the reason we like this one is because we got we well We were just shy of touching that that second touch gave us a nice risk reward set up We can manage our risk off here with a potential target down on this this line here And I don't know if it's going to get down there. I mean, we were just challenging this area right now I mean I printed this chart out just a couple of hours ago I think we let me have a look at the trading screen over there We've certainly gone a bit lower since I printed this out. So we might get a little bit of Support down that the 97 82 level and this is the the line here for the 7th or 8th You know, so oops. Sorry that excuse me there 7th or 8th of June is that point there? And that's in the week endings of the weekly cyclists for week ending 12th So we'd be interested in a possible reversal now, you know, if for any reason we went up here and What I'd be looking for is a reversal most likely we'll see a low here I would think round about here. So I think the chances are this trend decline will continue into the 7th or 8th In the perfect world if we got down here, but that would be a big big ask and a big move But I don't think it's going to get down there That would be an interesting point. So that's the dollar index set up and then Larry you were talking about the euro and I just quickly Dump this chart before we went live and this is the one we've been Using this very nice pitchfork here. And of course, we you know, we've fallen shy of that And that's because we hit the the pitchfork here This suggests we do a bit of a pullback The median line here because that's often a target, but equally look at the pattern here You know, we're getting a series of higher lows all the way there and we're getting higher highs And this is starting to look very bullish and this is the chart My readers have been following for the last few months now Euro only came into being I think on the 1st of January 1998 was 98 99 So that the true futures really only started here, but we could reconstitute this data bag Using the a coup and things like that and this goes back to the 1970s and look at this trend line here. Look at this This is unbelievable all the way back to the 80s And then I've turned them into action reaction lines Taking these tops here and then we got the midpoint and that's you know offering strong support and resistance So this is a major point if we fell below here, we could go into freefall, you know But equally this is why I think we're we're moving up off here So those are the chants I have there Larry, I mean, let's do some questions and that's that's the website By the way, market timing report Market timing report comm Andrew. Tell me the first question is how do you quantify the risk when you're buying corn? How do you do take a dollar amount sense per bushel? What is your parameter for quantifying the risk? right, so Yeah, yeah, we will certainly for the The special situations fund that we run which basically literally is about where we see special situations coming up Yeah, literally we will decide how much of the portfolio will allocate into that and be at 1% 2% Maybe as high as 4% and then literally we just put in the You know, we take the full value of the contract and and apply that and that gives us the number of lots we can we can enter we also We teach a course that's available to People where we we use a minimum three to one risk-reward ratio to enter on multiple lots and we use a 40 bar Average true range to calculate the risk-reward ratio Okay, listen Andrew. Thanks for joining us. We'll have you on again next month and be safe and Keep that social distancing working over there. Thank you Larry. You take care and thank you everybody Yeah, thank you Andy for market timing across the pond here. Oh, righty. We're getting an alert here that that Back in the day, I joined the Hotel California in 2006 and like many of you was drawn in by as well as Whatever you think about you bring about whatever you focus on grows You see I believe that everything in life happens for us not to us and Tom ignited the fire within me to Want to learn how to master the markets So how did I go from knowing nothing about technical analysis to becoming the number one market timer for the SNP? 518 and the number two market timer in 2019 simply put I hired coaches with a proven track record Which led me to a whole new set of tools that I created to interpret the message of buyers and sellers I would love the opportunity to teach you this award-winning set of tools and help you improve your market timing You can test drive my newsletter service mastering probabilities for the next 30 days with no risk to you Plus you'll gain access to archive workshops It'll take you step-by-step through my system sign up today by going to the homepage of tfnn.com and selecting mastering probability in the newsletter tab If you haven't checked out the newsletters page of tfnn.com What are you waiting for all of the tfnn newsletters are informative up to date affordable and must have for every trader looking to gain a Competitive informational edge in today's markets tfnn newsletters cover every aspect of the markets to offer you the very latest in market news Plus new subscribers get to test drive our newsletters risk-free for 30 days From all aspects of the markets including stocks bonds metals Commodities and tech there's a newsletter to fit your needs Exclusively from tfnn to stay informed each day you trade and get the competitive edge that will help you stay ahead of the game Visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors With markets trading with extreme volatility and peaks and troughs everywhere regardless of what you're looking at in the markets This is a great time to see the type of analysis Basil Chapman delivers for his subscribers every market day with the opening call newsletter Basil has been analyzing markets providing his take for subscribers to his trading services since 1984 every morning Basil publishes an update for his subscribers along with weekend and evening updates when warranted the opening Call provides traders a daily market overview with regard to the direction of the key indices selective stocks and commodities Along with specific recommendations including stops and targets you also gain instant access to Basil's subscriber webinar Archive from earlier this year a dark cloud cover an essential market analysis Ride the Chapman wave today by signing up for the opening call newsletter on the front page of tfnn.com Under the newsletter tab new subscribers get a 30-day money-back guarantee so you have nothing to risk sign up today 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, folks. I want to review here the natural gas. I've just posted the chart in while we were on with Andrew the Alert went off at 177 in the spot natural gas. That was the buy point folks You only have to risk $2 on this 200 bucks because if you see a 176 print I would assume this is probably going to be wrong Remember these patterns are there for two reasons one. They have a slight degree of predictability But they help you quantify the risk. That's what you're trying to do here the 135 pattern You're forced to trade in the short-term trend. It's higher than three It's higher than one so point five is where you want to be a buyer It happens to be at every 61% retracement and a 50% retracement of the two previous lows one and three So that's about as clean as it can get you don't know if it's going to work or not But this is how it sets up and it's happening right near the open. So that's another thing. That's good But below 176 you don't want to have anything to do with it That's a $200 stop in that and that's what I would be watching if I were doing this That's something I think that is you know relatively important to look at so just pay it Very close attention. I've got a major stuff coming up in this foreign exchange as we heard from Andrew We'll be watching that closely over the weekend. We happen to be short the Canadian dollar Right now that seems to be working a little bit just a few hundred bucks But it has potential for a little bit more, but we've got a few others to look at which is the Euro The British pound and also the Japanese and also working quite nicely So those are just a few of the ones that we're looking at here But let's pay close attention to the the silver We've had a really nice move on the bullish side of silver here We've worked of course we've been long the gold and that we'll see if silver continues on From that level, but if we get silver above this 18 30 1835 level folks I believe we're going to see a dollar amount a dollar a ounce higher in silver up to 1935 and if silver can get above 20 the old 786 number is 1975 and if we get it above that if silver gets above $20 an ounce folks Do not be short that stuff because when silver runs it really goes we've seen runs up to $50 an ounce twice