 and subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know, and you'll get a full refund within 30 days of signing up. TFNN.com, Educating Investors. The following is a presentation of TFNN. ["Trader"] Trade what you see. With Larry Pezzavento. Call now toll-free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, folks, so welcome to the show today and we have a special guest. I believe is on the line, Peter Lides from Stock Market Cycles. Are you there, my friend? Hopefully he's gonna be there. We're gonna see if we can connect with Peter 1230. You mean at the half hour? Is that when he's going to? I'm a little confused here. I'll tell me what's going on. Well, I don't know what to do then. I just have to move on to something else. Okay, well, let's talk a little bit about the markets. Those of you that like the 382, you might be interested in knowing that the high today was supposed to be 4008 in the S&P before it broke 50 handles. The high was 4010, missed it by 100 bucks. The high and the gold was supposed to be 1738. It went to 1740 before dropping almost $3,000. That was off $300 and the wheat was 851. The high was 855 off $200 and it has dropped $1,300. So the 382 was right on the spot today and hopefully we'll have some of these types of trades when we do our live trading session on the 20th of September. Okay, folks, I wanna get up here and try to share with you a couple of charts that I think are very, very important. Just get this one up here where we are right now. This is the dollar index. I wanna get this up here because the euro is jumping all over the map like it should be whenever the Federal Reserve is talking. And we'll get this up here to show you where we are because we were expecting the low in this dollar index to hold down here at the 78% level. And it did and it went right up to the 61% retracement right up in here and then it stopped. So this euro is, well, this is the dollar index. So the dollar index is between 110, 79 and down here at the 78% level at 110, looks like 109, 26. So that'll be the trading range inside that band. You can see the three drive to a top pattern, a little bit of a back off at the 382 and then another three drive to a top pattern going, taking out all the highs for the last two days. That's all it did right up here. Got to 110, 79. Remember that the 1.618 number was 110, 59. So we hit that and then we backed off quite a bit. So it's gonna be interesting to see what happens with the euro as we go through here and look at some of these things because it's had some tremendous moves and that's what we're trying to capture here on some of these and that's the name of the game. Now I wanted to share with you a really great chart that looked absolutely perfect yesterday. And this was from our friend Alan Smith over in the UK and this was about the footing. I'm bringing this to your attention for two reasons. One, the importance of the 135 pattern. There is a perfect 135 pattern folks as you can see and then market opens sharply lower and then look what happens. It goes back above it. Once it breaks that number, the loss on this trade was less than $200. At one time it had about $600 in it but it ended up with a loss of $200. But when it breaks, when it breaks that that tells you that this 135 pattern is no longer valid and you've got to stand aside. There's nothing else you can do. Sometimes they work, sometimes they don't work and the main thing is you got to learn the 3K probabilities. We had Paula Douglas on yesterday, Mark's widow and I wanted to remember this quote from Mark. It says, when you really believe that trading is simply a probability game, concepts like right or wrong, no longer have any meaning to you. And boy, when you can get to that point boys and girls, you're in a good spot because she don't really care. It's just a matter of letting the ducks come up and letting them come in and feed them folks. So that's the main thing. I hope you can see the quote that I sent up. I want to share a couple other charts in here. Hope we'll have Peter coming up at the break. The other one here is the treasury bonds folks. I want to get this to you. We talked about possibility of a little bit of a bounce here at the 78% level. And that is in fact what we've had happen. And you know what? I don't know why there's a clicking on my microphone but I'm going to fix it at the break for sure. This is the T bonds folks. You'll notice here we've got the big ABCD measures down here. We've taken out these lows from several years ago. And so what we're looking at now is to see whether these are going to hold. That is in fact the key thing that we're looking at. Now we got down to 32 and all we were doing there was matching the last month low and we've rallied $2,000 folks. And of course we've given a thousand of that back today. Hopefully when we see these things move that we'll have some really good action which are having action in the Dow Jones today folks. We were down 300, okay? And then we were up 400 and then down 300. So we've only had a 1,100 point swing in the Dow Jones and we are just past 1,15 in the afternoon there in New York. So we're having some wild action in all of these things. So remind ourselves that you get ready and make sure you put a stop in if you're doing some things because if you don't and if you don't they're going to send you to you know where the promised land and that's not the land you want to be in. You want to be in the land of milk and honey and that's what we tried to get along here. I've been asked to discuss this chart that we got about the worst August July, January to August period that we've ever seen. I'll bring it up to you and show you it. It's been posted on the internet a half a dozen times by people talking about it but I just wanted to show you what it means. What this means is since 1976 to 2020, okay that's 30, what 46 years, 46 years, okay you are looking at a market that has the worst period during that time, you see by far it's the worst period ever in the history of the stock market folks because I went back and looked even farther. I didn't check every year but I checked most years but this is such an outlier event that it really means something. Something triggered in January. I don't know what it was but something triggered. Now remember we were looking for a big top up there on January 4th, there was a lot of things that we look at that were up there to tell us that. Then we've had the big break and then we had this nice little rally from June 16th to where we are now and up to the August 25th and we had the break and then the rally but you have to look at the numbers today folks. The numbers don't lie, they really don't. They might not mean anything today but my goodness, you have to do the work yourself here if you like fib numbers and the reason why I want you to do that because they are, well I'm gonna do it for you shucks, why not, I'll do the NASDAQ. I don't usually do the NASDAQ but someone asked me to take a look at it. It was the only one, well the Dow Jones didn't hit it either but the S&P has made an exact 38 true retracement of the high we made back here on August 25th. This was, you see this little red box in here? That was a three day correction. This is a three day correction that closed at 408. If it closes above 408, it's gonna go a whole lot harder. Could even make new highs. But we hit 408 and we broke 50 handles so far we've rallied back 50% of that and now we're gonna find out whether it holds up but if we close below this low right here, this market right here. At the time of booming inflation, where you're purchasing powers eroded, there's no better place to protect your harder and money than in gold. VISTA Gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world class gold project in a tail one mining district. 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Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability Newsletter. Steve's award winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability, 30 days risk free today. TFNN, educating investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open. To give you the competitive informational edge you need to succeed, these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at TFNN.com. TFNN, educating investors. Toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, we're back folks. And I believe we have Peter Lighties of Stock Market Cycles on the line now. Peter, are you there? I can hear you if you can hear me. You are coming in loud and clear, my friend. We're not having much action in the Dow Jones today, folks. 300 up, 400 down, 400 up and 300 down. That's only 1,000 points. And we're about halfway through the trading day. Peter, what are you looking at here, my friend? Well, things are getting very interesting. We're looking at a market that for several reasons, I think, is ready to move very dramatically to the downside. There's a level on the S&P. I don't know if you have any of the charts that I sent you in the past couple of hours, but can you show them on? Yes, we're looking at chart number one. Okay, chart number one is the projection chart. This is using my software now that I do my daily updates based on. And that green area in chart number one is intraday projection for the S&P cash. We just got into the window at the high this morning, so there's still room to go higher. But as long as you enter that window, then you have satisfied the projection. And if we go to the next chart, chart number two, you'll notice that what you have to do to generate a projection is to get above the gray area. Well, notice that we are below the gray area. That would be the next longer cycle. So as long as we don't get through and above this area right here, then the first chart I showed you should be a control in terms of how far the S&P is gonna go, which means in effect that we could very well be at a top now, although there's slightly more potential. Chart number three is really interesting. Is that one available in view over there? Yes, it sure is. I have it right here. Just one second, we'll get it up here and be able to take a quick look at it. And there's where we go here. Okay, my friend. Okay, so this is an hourly chart. I call it hourly, it's actually 65 minutes, but that breaks equally six periods into a market day. And this is the S&P cash. Now, we're really at an interesting juncture here. This is up to date as of maybe an hour or two ago. Notice that there are three important moving averages. For me, probably the best short-term moving average that I have ever seen in terms of delineating short-term trend, and I emphasize the term short-term, is the exponential 10-day moving average. I think if you look at that on the chart, you can see very clearly that that's a great delineator of market short-term trend. You get above it and you're in a short-term uptrend. You get below it and you're in a short-term downtrend. Well, we've been below it now for several days and we're testing it on the upside. So I don't know what that exact level is there, but it looks like it's right around the, or I'd say the 40, 40 level or so on the S&P. The other two moving averages, the green one is a 50-day, which a lot of people look at. I like the 100-day MA, and this is a simple 100-day. Now I'm not exponential or weighted. And that, again, is another really good long-term trend indicator. We broke above it temporarily for a few weeks coming into August, but now we've gotten back below it again. And generally, as a general rule, if you break below a declining 100-day MA, that can be a pretty bearish configuration. We've done that and then we've rallied back up to it again. I think the important thing to note is that all three of these MA's are right around the same level, and we've rallied right back up to that level in terms of the three MA's. The last chart, do I have a last chart that I sent? That was, those were the three that I saw that you had, so that was really good. I have a question from one of our listeners. We had Stan Harley on a couple of weeks ago, and he was talking about Lucas numbers, and we, your name came up, and because I asked him, does Peter use Lucas numbers? And I didn't think so, but have you, I know you know what they are, Peter, but do you use those at all? Because I found Fibonacci to be as good as anything I can find, so. Yeah, yeah, no, I'm a Fibonacci man, and you know what else I use it. In fact, sometime in the next time or two that we talk, Larry, I'll show them online, because they're really fantastic tools. Invented by Edson Gould, whom I consider to be probably in the top two or three of market masters of the last century. Anyway, Edson Gould invented speed resistance lines. Some people use Fibonacci numbers on them. I like to use simple one third and two third speed resistance lines, and I don't have any available to show you now, but next time we talk, I'll show you some speed resistance lines, and people can see how well they work, because they're really super little indicators, but no, I do not use Lucas numbers. Okay, we have another question for one of our listeners, and that is that when you usually show charts, you don't show anything like Kelter bands or Bollinger bands. Have you used those in the past, or do you find them useful? That was the question. The answer is Kelter bands, no, I have not used them. Bollinger bands, yes. I find Bollinger bands use phones, and speaking of Bollinger bands, I became pretty friendly with Bollinger when I used to make appearances on... I remember this, I said, yep. But I don't know what became of him. Do you know if John Bollinger's still active? Yeah, he's still active. He does stuff with stock charts, and he also is occasionally a guest on Bloomberg, but I think he's pretty much retired from what I understood. But he's healthy and well. I mean, he's above ground and looking on the green side of the grass, so that's a good thing. Good, yeah, I'm glad to hear that. Yeah, no, I do, you know, I find Bollinger bands useful because they're pretty good in terms of boundaries when you look at either an indicator, an individual stock, or a stock market index. They tend to be good. You just have to know how to use them. There are some people that get overly simplistic and say, oh, we're at the top of the Bollinger band, we better sell, or the reverse to the bottom, we better buy, we're at the bottom of the Bollinger band. One of the interesting things about Bollinger bands is they sometimes give their best indication when markets break out of them to the upside or the downside. A lot of times, if you take a look at market crashes, you break below that Bollinger band and the lower Bollinger band, instead of becoming, support becomes resistance if you're in a crash-like situation. So yeah, I enjoy them, I find them useful, and yes, the answer is I do use them. Second question, we've got a break coming up here pretty soon, but maybe we can talk about it before. What's your downside projection on the S&P, Peter? Okay, I have some active downside projections on the S&P and because I don't have them in front of me right now, although they are on that, one of them is on that first chart. We'll talk when we come back. Yes, we'll put that chart back up and we'll discuss that. Peter Leidy, stock market cycles folks, we'll be right back. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal 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 publish 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. Tfnn is excited about our new software charting program, the Art of Timing the Trade Chart. 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For more information, just click the Think or Swim banner on the front page of TFNN.com. Okay, we're back folks and we're speaking with Peter Lides, the stock market cycles. And the question was, what was your downside projection for the S&P 500 and during this move down, Peter? Okay, I have outstanding now and it's been confirmed a nominal 10 week projection. I call it because I go by lengths of the cycles. Calling for, this is on an intraday basis on the S&P cash, 3548.60 to 3673.15. That's a confirmed downside projection. The beautiful thing about the software that's now been written for me Larry by Stefan Scheuermann, the fine young German gentleman who now lives in Dubai, is that you can not only get the projections, but depending on what period of time you're using, it'll tell you what percentage of previous projections that were generated have been reached. And this is a pretty good percentage one. The downside projections with this particular nominal 10 week projection have been reached over the past four years, have been reached 77% of the time. Wow, that's great. I would submit that in terms of a market analysis, 77% is pretty darn good. Oh, and that's for sure. Those are the downsides. Let me give you some very short term upsides though because those are interesting too. The upside projection for the well, I open my mouth too soon because it's not sure. See if I have one to give you for the end. The two basic ones that I look at are NDX and the S&P, although you know what index I find interesting is the Wilshire 5000. I used to use the New York composite because it contains all the stocks in New York exchange. Unfortunately, I don't know the reason for it, but Trade Station, who is my data purveyor and software I use, no longer carries the New York composite index. Hold on a second, I'll give you that short term because I can't, I'm not gonna get it from the dailies, but I believe it's here on the hourly charts and I can give your listeners what this will be and it calls for, here it is, on the S&P and upside projection to between 4,982 to 4,050, 42. Okay. And the high today has been 4,010,50, so it's snuck right into that projection window. So for practical purposes, that projection has been satisfied, although there is still potentially higher numbers outstanding, so. Very interesting. Well, listen, I know you're really busy today, but we'll have you on again in a few weeks because we have requests for you all the time and because your work is great. You know, Peter, we were talking about the FNN in the old days, that was really fun to go down there to be on TV and sit there with Ed Hart and, you know, Bill Griffith and Sue Herrera, those were really fun days, you know? It seems like it was yesterday, but it was 40 some years ago. I was incredible, but you remember Ed Hart's expression? I've always loved his expression. Oh, he was the best. When we talked about the market, Ed Hart said, we will know in the fullness of time. That's correct. Yeah, he was one of the best writers for the LA Times too, he was really great and he lived a good life. He lived a long time and he's a nice guy for sure. But listen, my friend, you take it easy and be safe and stay on the green side of the grass, okay? Always enjoy talking to you Larry. You bet, Peter. You're certain I will have you on again in a few weeks. Peter Lotties, folks, stock market cycles, just Google it and you can get all the information you need. Thanks again, Peter. Sure. You bet. Okay, folks, we'll get back in talking about some of these markets. One of them that absolutely failed the 382 today. Well, not actually because the crude oil hit the first fib, the 382 retracement at 83.72 at a high of 83.95. Then broke all the way down to 82.02 and then it's rallied $2 a barrel to go above 84.40. When that happens, that is a confirmed break of a 382. It made some good money on the downside. If you recovered, if you didn't, you'd have been break even. That's the main thing that how you want. I'll be covering that during the trading session, during the live trading. I hope it's a day like today for heaven's sakes. That would really be really be nice. But you know, most of the days we see a lot of these things unfolding, which is really quite nice as we watch them go, you know, up and down, up and down, up and down. I wanted to bring this last chart up that we were talking about before we had Peter come up. This is the NASDAQ. I did the S&P, but I also did the NASDAQ, but I want you to see the one on the S&P here on the NASDAQ first. It's exactly like the one on the S&P. There is no difference. And as you can see here, during this timeframe, you see the market rallied to a 50% retracement in the first box up here. Then it broke all the way down here. Remember, there's your 61% retracement. And this box here shows you that the timeframe in this box is equal to this box. It's a three-day rally. Monday, Tuesday, Wednesday, Thursday. Here we are. And what did we hit? We missed the 382 on this one on the first. We might make it on the second. We missed it by about 40 handles on the NASDAQ, but the S&P hit it exactly at 4010. And as you heard, Peter, 4010 was one of his price projection based on the things that he looks at, which is related to some of this, but it's very, very close. That's why when you're trading folks, you're trading against the algorithmic traders. They know these numbers. They've got mathematicians with degrees that have nine letters behind them. And those of us that have been in the third grade more than three years know that we don't have that. So what do we have to do? We have to use simple things like AB equals CD, 382, 618, 786, 127, and 1.618. And that's what we use. And it serves us pretty well. Does it serve us well every day? Nope, but it serves us well. Most of the time. Now, I've been asked to talk again about this chart that I got from Stansbury Research. It was done quite a while ago, but I wanna show it to you because it has all the things that we believe in. And I think this is something that you have to really pay really close attention. Because if it's right, they're looking at something pretty ominous. And since we started this January period as one of the worst ever, we ought to pay attention. Here was a crash of 1987, okay? There was the rally, okay? Up into the 2019-99, there was the first crash, which was the dot-com bubble that dropped a great deal. And then you had this one here, dropped a great deal. This was the 09, the real estate thing. And then we completed the ABCD pattern up here. What's interesting, you see, each of these big swings up was 12 years, five months, and 12 years, nine months. Well, if you're four months off over a period of 40 years, that's pretty much spot on. And as you can see, the market topped on January, and we've been down ever since. Nothing dramatic as of yet, but we have been down. So that's why it's very, very important. The other reason is they're looking for a price objective of 10,000 in the Dow Jones Industrial Average over the next two years into 2024. They're expecting the bottom to come in to what we're looking at. Now, I mean, that's a really long projection. But when you're looking at that chart, folks, you're looking at AB equals CD, and that is as about as clear as you can possibly be on an ABCD pattern. Okay, now I wanted to talk just a tiny bit about Apple, because Apple's had really good news come out yesterday, and it was up, and then it was down. I don't know where it is now, because these markets are all over the map. The Dow Jones dropped 300. Then it rallied 500. That's 800 points, and then it came down 300. Okay, so that's 1,100 points swing in the Dow today. And we're still up on the day. I mean, we might end up being six or 700 higher. I don't know. All I know is with this little cycle is over. Oh, I've got to say, I've got to get a plug, folks. For Norm Winsky, if you remember, we had Norm on Monday, and he said, look for a bottoming to come in on Tuesday because of the perihelion being to Venus. In other words, as close to Venus as it gets. And he expected it rallied for a few days, usually into the 12th, which would bring us into Monday morning. So he's looking for a possibility of a rally into Monday morning. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the Opening Call Newsletter at tfnn.com. The Opening Call Newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the Opening Call Newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know, and you'll get a full refund within 30 days of signing up. tfnn.com, educating investors. The technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. David White's investment newsletter, the Technology Insider, is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future. David White has made his living staying on the cutting edge of technology. His weekly newsletter will give you specific recommendations for valued tech stocks, as well as entry prices, target prices, and stops to set for each trade. David delivers his weekly newsletters every Friday with updates throughout the week. You can get the Technology Insider at tfnn.com for only $37.50. Sign up for David's newsletter, the Technology Insider, and get an inside look at everything the technology sector has to offer. Try it risk-free today with our 30-day money-back guarantee. Tfnn, educating investors. Biotech is booming, but for how long? Whether you think the Biotech bull has room to run or has run its course, trade LABU or LABD, directions daily S&P Biotech three times bull and bear ETFs. Visit directioninvestments.com slash biotech today. An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact direction shares at 866-476-7523. The prospectus or 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, Four Side Fund Services, LLC. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. I was just informed by my friend, John Jamison, over in the Isle of Man that Queen Elizabeth has passed away. Let a wonderful life for 96 years. I have to tell you a story about Queen Elizabeth. We were vacationing in Hawaii and it was early in the morning and we were at the, I believe we were staying at the Ala Moana Hotel at the time and there were a lot of people in the lobby and I couldn't find my daughter. She was I think nine years old. I kept, you know, Jilly, where are you? Where are you? And I heard her scream. She's, dad, I'm over here by the elevator. And you know, so I went over there and there's all kinds of reporters and stuff. And by golly, it was the Queen of England and she was walking by and she stopped and patted Jill on the head and the said hello to her and shook her hand and Jill came over and she says, who was that old lady that shook my hand? And I said, that was the Queen of England. And anyway, it was, it was really rather startling but never got to shake your hand either but that was really nice that she got to meet the Queen. And the new King will be King Charles and we found out this morning that his wife, Camilla, will also be named the Queen. The Duchess of wherever it's going, where the Queen, she's gonna be the Queen of England with a Duchess of whatever it is but Queen Elizabeth asked that Charles crown his wife as the Queen of England. So I imagine that's gonna be a lot of politics over there during that time. So we'll see, probably cause all the markets to rally cause all the people will be doing all the stuff with the celebrating and everything. So that's what we're paying attention to here today. Anyway, it's been a fun day and we've got some more things to talk about. Mainly is the bond market folks. That's where the real problem lies. We've had a little bit of a bounce. We've rallied two handles and we've come back a handle and a half. So now we gotta find out what is going on after this. So that's how we see it. Okay, if anybody has any questions, it's 877-977-2648 and I'll be happy to look at it. But as of now, someone just asked, yes, King Charles is the King as of right now. She was 96 years old and her birthdays in May, I remember that because I've been in London so many times. I was there once during her birthday time and you couldn't get around anywhere near Buckingham Palace, which you know is really hard to move around and to see Westminster Abbey and all that stuff is just really fun. England's a very old place, folks. Started in 1066, the Battle of Hastings. Okay, let's move on here and we'll take a look at the, I don't know what's happening to the DAX during that time, but give me one second here to catch up to see how much we're right near the highs of the day in the Dow Jones. We're 10 points away in the S&P, it seems. Gold has had a little bit of a tiny bit of rally after dropping $30, well $28 and then the rest of them, the bonds are holding up relatively well. They're only down a little more than a point from the high, but that's the main thing. The one we have to look at, folks, is the Dollar Index. We've been talking about that for several days and we need to pay very close attention to it. I know I did a chart here to get ready for the show today and I wanted to find it. Please help me find it, please help me find it. Maybe this is it, here it is, right here. Here's where I pushed, I put, I'm sorry, I put it out earlier, but I wanna, this is not the updated version, but I wanted to share this with you because it's got something that I wanted to point out because what we've done here, since we've backed off to this level, we've already completed the 61% retracement. We might even have gone above the 78% level. That's important because of the Euro and one other thing, especially now with the new, that means, remember that's a figurehead over there. They don't have any, make any laws or anything like that, but they're consulted on that stuff for the, what they call the monarchy or whatever it is. So that's important, but the main thing is, is the US dollar. And let me show you, since we're talking about the Queen, let's take a second here and take a look at the, this could be a big rally, folks. So we gotta, why I don't know because it looks like a dog, but you know, we've come very close to the price objective within 10 pips and we rallied all the way up to 116. I don't know where the pound is. We said to sell it at 116 and it dropped over $1,000. I know that because we finished that trade. I don't know where it is now, but watch this level here. See if this pound gets down to this, just below 114. We got to 114.06. We were looking for 113.85. So that's very, very close. And now with that, can someone tell me, is the pound reacting a lot to what's going on here? Someone let me know if the pound is jumping quite a bit. I'd like to see, to see it's, watch one, thank you, Duffy. 115.30, that's doing pretty good. So we'll have to be able to keep a close eye on that because maybe the dollar is turning folks. Remember, we posted here yesterday that the 786 on the long-term weekly dollar index was at 110.58. And we got to 110.79. And you know, for playing, that's pretty close. It's very, very close. So remind ourselves that this might be something really big. And that's why we got to remember it. I'm gonna bring it up here to show you on the long-term weekly, this is a weekly index, but let's take a quick look at it. You'll see that it hit that exact number, which was the 786 right up there on the long-term weekly, that was it. Now the weekly I have here doesn't go back far enough, but it's the monthly chart. It's the monthly 786 because it goes back to 2020, 2000. That's where I remember that because that's when my grandson was born in 2000. And anyway, that's where we are. That was the 78% level on this. So there's a chance if the dollar is going to turn here, you know what's gonna get strong, don't you boys and girls? And that is the gold, that is the gold. So it's gonna be really, really quite unbelievable if that is in fact going to be the case. So we'll watch it. Remember what Mark, what Norman talked about on the other day was the Venus being perihelion means as close to the moon that it gets and then we'll, is it to the earth? Yeah, I'm one of the two, I can't remember. But anyway, he said it was a very important thing. He was looking for a rally in stocks. And boy, we've certainly got it up and down today, folks. It's had both of them together. So it's gonna be interesting to see how everything ends up. But it's pretty, pretty strong. We're holding up really strong from what I understand. And the arrow's back to par again, which has been under par for quite a while. I've got my beeper on that every time it goes above par, it lets me know when it goes below par, I wanna know where it is. And that's why we're paying really close attention to this right here. So that's the main things that we're watching here this morning. And the crude oil's back below 84 again. Someone asked my long-term projection in the crude oil. I don't have a very long-term projection, but just on the dailies says we could easily reach 78 in that timeframe. So that's the main thing of what we're watching for is to watch that one. That's gonna be a real interesting one to pay very, very close attention to. I think we have a break coming up here pretty soon. I sure enjoyed. Mr. Peter Lides joined us today on next week. I will not be here tomorrow Friday, folks. They're a doctor's appointment, annual physical. And we'll be back 877-927-6648. Vista Gold owns and operates largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study resulting in a 7 million-ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC Capital Market Assistance in evaluating alternatives and in completing an accretive transaction. 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Anyway, you'll notice here, this is a three-day rally, just like we did in the NASDAQ, with the exact number, folks. That number was at 40.09, it got to 40.10. Well, it's off by a little. Anyway, and that's what we're looking. Don't forget about that. We're probably gonna go on up to the 50% or 61. But the fact that we're in this three-day window and with these things that we're looking at with that mercury retrograde and all the other stuff, I think this is my own personal opinion. I know very little about astrology, but if mercury was ever active or inactive, you can see why the market went up 300, down 400, up 300. You make a 1,100-point swing in a day and still be unchanged on the day. I mean, that's just unbelievable. But if this is only a three-day rally and we close lower, oh, oh, and if we get below this level right here that we made yesterday, that is going to be a very, very, very bad sign and look out because then you'll be heading down a great deal lower. Anything below that 38.80 would really, you know, really remove 50 handles down and 50 handles up. So we moved 100 handles in the S&P today, folks. So that's not easy. That's why you've got to use a stop in here, I guess, unless you're trading super long-term and you're willing to set with some, you know, some what we call excitement, which we don't like excitement, that's for sure. Remember, these patterns are predictive in nature. They don't give you the future. They're predictive in nature. That means they're not right all the time and they're right about 65, 70% of the time, but that other part of the time is what you got to worry about. Focus on your losses. Don't worry about your profits and you're going to be fine. If you do that, you should be okay. Sometimes I have a hard-term learning that lesson myself, but so far it's been holding me relatively good. We've had four really big ones today based on the 382. All of them worked pretty nicely. And so, and I appreciate the emails I got, folks, from you folks about the 382 and believe me, we're going to be going over that like a fine-tooth comb on September 20th, which will be my last trading day of the year. And it'll be our fourth one. And we've had three really successful ones and I'm very confident that we're going to be okay with that day, too. Live every day in an attitude of gratitude and may God bless.