 a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now Larry Pezzavento. OK, looking good. Billy Ray feeling good, Lewis. We've got a lot to cover today and Stan Harley will be our guest at the break, but let's just get to it. Here's the Dow E-mini S&P over the last four or five days. Now you can see we made the big ABCD pattern down there that we were waiting to see down there at 4306. Let's see, 4366. There was a number that we were waiting for right here. I don't have the longer term. Well, I do, but I want to show you this. This is what happened last night. We rallied exactly to the 382 of a high that we made back on the Monday. You can see that here. We are Wednesday just made a 382. Now we're making a lower low, really a bad sign, but there's still hope. Let me show you the hope lies and believe me, it's not much of a hope. So let's get this up here to take a look at this. This is the Dow Jones folks. This is that number we were waiting to see. There it is 43674. So we're right there right now. When we get below that, it's trouble in River City. And the reason why is you had the nice ABCD pattern here and now you've got the ABCD pattern here. And there you go. You know, we're almost there. As you can see it here, that is at 33578. So we're the 100 points. We go below the 1.618 here. We're going to hit this one right here. And that's where it looks like it wants to go. The time is correct, the price is correct, but the market hasn't turned yet. So by golly, you got to pay close attention to that. There's so many things happening at one time here that we're going to look at them one at a time here. But one of the big ones, of course, is the gold. You know, we've been, we had this nice move in gold. We were looking for it to get to 1908 and it got there. And we took a quick $3 loss in that. I said to put a stop in at 06 because 06 took out those old lows. And that means that we're heading down even farther. You can see here, we have to go to the four hour chart to get this up. And this is where I wanted to, well, that was the four hour, we must have to go to the daily. Hold on just a second here. There's where we were, here's where we were right here. You see, we thought we were going to hold right here folks. That's what it looked like because you had a very nice ABCD pattern right here. And I said in the video, I said, do not be in this thing if it's below 906. You see the old low back here? Once that took that out, bada-bing, bada-boom, that says we're going to go a lot lower. How much lower? Well, you're looking at this daily here. There's where it's going to go, 1887, all right? And that's basically, we're at 1893, you're $6 away, probably there before the show's over. There's your AB leg on this one. There's your CD leg on this one. And there's where she's going, right there at 1887. That's what I'd be looking at right there. So anyway, we had a nice move on the downside. If you remember when we got up to here, when the Fed was out there bouncing around at that 78% level at 1967, we said sell it short. It was right when the Fed was out there. And I don't know if you got in or not, but it had a nice move down. But the good part about the nice move down folks, if you look at this on a smaller time band, we had a lot of three eight twos in here to get you short. There was one here and one here. I didn't even see one last night because I wasn't paying too much attention. I was watching the stock market pretty good and also the bond market, but from the high down to the low, it would have made another three eight two right here off of this high. So another one right there. So you get a couple rallies and boom down to the downside. One of the things that I'm thinking of doing and I'm gonna have to run this by TFNM, let me get this up here. I wanna show you, this is the British pound that we were bearish for quite some time. But folks, it takes a lot of knowledge to sell in a market like this. And this is what I'm thinking of doing is doing a two hour show showing folks how to trade strong trending markets on the downside. Because we're gonna see some folks. This is just the start of it in the stocks. I mean, this is, it might be the start of it and everything. I don't know, but that's what it looks like. It's happening here. So I hope that makes some sense. And that's what I'm looking at. But let's take a quick look here at the daily here because we've got a little bit more to go to the downside. We're setting almost exactly at the 78% level right now. You see it's 0.786 here. So we need to get it down just a little bit lower. This is not drawn properly. So let's draw it in because the prices have changed. And you'll see we're almost at the 78% level. That comes in 100 points and 20 from where it's at right here. Look how it went through the 50%. That stopped it for three days. 618 just went through that like it didn't even exist and it might do the same thing here. But this is where you gotta take a look at it right here. That's the British pound. Now it's not quite ready yet, but it's getting there. If we look at this closer, and that's what we're gonna do right now is we're gonna go from your high down to your low. That's your AB leg right there. And you'll know what this is. That's 382 right on the money. A one, two, three, four-day rally right on the money and down you go. And that's where we're looking at right now. The other thing that you would wanna be looking at is I don't know, let me set the reset defaults on this so I can see the charts better. There's what I wanna see. Okay, now as we got this, we wanna see the number of days down in the move because that's what we have happening in the stock market, folks. Number of days down in this move took 29 days. Okay, so let's see how close we are to 29 days. Oh my goodness, that doesn't happen until the end of our middle of October. So this thing could have a long way to go to the downside. We gotta be looking at it here 100 points lower, but that's not so good. And also, since we're talking about the currency here, hold on just a second, get this up here and take a quick look at it. Here we are in the Euro. Look, see how we went. We stopped here at the 1.618 for a heartbeat and then look at this. See, you're still moving lower. And one of the reasons is because if you look at the daily chart, which we've been looking at, you can see this big number coming in here at 104 and change. That's what our goal is, is right at 104. So that's why you're starting to see these things move to the downside. That means the dollar is strengthening, i.e. weaker gold prices. That's the basic thing. So I hope that gives you a rough idea of what we're looking at today. Here's the NASDAQ. You'll see the NASDAQ has made a slightly lower low, has not broken really badly. But let's just look at it on the daily because there's a bigger number out here that we haven't hit yet in the NASDAQ. Bring it up here and you'll see it. That number in the NASDAQ is way down here. 14328, that's down to 300 points from where we are right now. That means if it gets much below this, folks, that's where it's going. So you've got to be really careful. And you just stop for God's sake. That's the only thing that'll keep you alive in these markets for heaven's sakes. All right, let's do something here that I, oh my goodness, I didn't realize that my picture was right up there. Son of a gun. All right, let's get this out of the way here and window and get it all together. Kyle, vertical, because there was one other one. I covered the gold. Ah, here's the big daddy rabbit, folks. This is the one that runs the show and we're getting ready to see it go. Hold on. There is a three drive to a bottom pattern forming as we speak. This might be a survival of fittest. Okay, there was a three eight. Here was your three eight two off of that one right there. Okay, let's just get this out of the way. Don't need it anymore. Okay, we take it from the high down to the low and there's your three eight two right there. We'll be right back. Eight, seven, seven, nine, two, seven, six, six, four, eight. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year. An amazing accomplishment. 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 ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30 day money back guarantee for all new subscribers so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand. TFNN, educating investors. Adding stock options to your portfolio can be a major game changer, but the full complexities of these instruments can oftentimes allude to even the most experienced traders. Whether you're a seasoned trader looking to sharpen your knowledge on options or you're completely new to the market, Teddy Kextat is here to help. On Wednesday, September 27th, from 4 p.m. to 5 p.m. Eastern time, Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock option spreads. Teddy will also go over how to trade stocks and other market movements without large capital allocation, how to expand portfolio diversification, how to maximize potential returns, basic entry and exit techniques, and more. If that wasn't enough of a reason to attend, Teddy will also be answering all questions live. If you're serious about making money in this market, head over to the front page of TFNN.com today to sign up for Teddy's live stream, TFNN, educating investors. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, folks, I started the show showing you the chart of a high grade bond. I probably should put it up here again because I don't know if you were here at the beginning of the show, but let's get it up here because that's one of the key things that we look looking at here because this is a big deal. Let's get the chart up here with the weekly because that's what we've been trying to focus on. And you'll see it here right now. There it is, get it up here. You can see now we're breaking down, blow it up a bit so you can see that we have broken down. Yesterday's high right on that line and this means we're going lower, folks. The reason why this is important, this is financing in the oil market and other smaller companies that get small financing by using junk bonds. And once this starts to go, well, this is bad for regional banks, but we already seen the chart on regional banks. Let's just look at it again. The chart on regional banks is right here. Bring this up here on the daily, I believe, so we'll see it quickly. And this is not a good sign either, as you can see here. We've been going down for quite some time we're breaking down even more, breaking down below the ABCDs on this are way down here. So that tells you that these regional banks have a long way to go before they get to it. That's another 10% or so to the downside. Let's get back to the bonds because I wanted to show you something on a short-term basis. This market's been very bearish for a long time. If you remember when we broke this level right here during the Fed time, where was that when it was 17 something? I think, yeah, this is it right here. This is when it broke, okay? And the rally, look, ever since that time we've been going down really strong but seven days ago, folks, we've been talking about this all the time for seven days. So trading a bear market is quite simple. You just got to realize it's a bear market and how do you realize it's a bear market? Let's look at that. Hmm, oh, it's going down. We've got lower tops and lower bottoms. That's a bear market. So what you want to be looking for is to find the ABCD patterns. There's your first one right there, okay? And there's that one, look, it's right to that level. Then we've got another one right here. We've got another one right here and we're heading down. And if you look at this on a little bit longer timeframe, you get down to the daily and you'll move. You can say, okay, something more is out there. So you're going to go to the weekly because that's the one we've been looking at because this is where it's going, folks. It's going down here to the 1.0. It should stop right here for a little bit, 13.05 because that's a 1.27 of this whole thing and this is a huge market. But just look at this weekly down move, folks. You know, we're down on four handles this week. It's telling you this market's weakening it once to go to 1.06. That's really what it says. I don't know. All right, now I'm going to stick my cell phone on a limb here and talk to you about something. Okay, here's bonds, all right? We're going to go back to the weekly and we're going to just draw this. Let's go to the monthly that we can see the whole thing. Okay, there's where the high was up here. You see this high? Three drive to a top. You remember what they were doing to us then? They were telling us that, wow, interest rates, you're going to get negative interest rates, folks. You're going to have to give them the money and they're not going to guarantee that they're going to give it back to you and you have to pay them for holding the money. And I said, gee, that sounds like a really good deal. Well, guess what? You know, I'm not the sharpest knife in the door, folks. And I don't know diddly squat about most of the fundamentals. When I read some of this stuff, it's so far over my head that I'm embarrassed to even talk about it. But I, you know, most of you guys know me. That's the way I am. And I'm never going to change, but you know, when I see a chart, that tells me something, okay? I see something now. I probably shouldn't do this, but I'm going to do it. I see something now that's, uh-oh, what was that? Somebody's calling in probably. Hold on, just a second here. Where is it? Where's the thing in here, Errol? Similar question about digitizing of our currencies. I don't even know how to do that, Errol. I wish I did. I don't even know. Oh, you mean if that has with broad, with the broad, yeah, that's probably going to happen. You can see it happening everywhere. I think you're talking about cryptocurrencies and block chains and stuff like that. I'm sure, but I know so little about it that I can't really talk about it. And fortunately I could get to John Jameson on the line, but he's traveling right now. So he could answer it in a heartbeat, but I can't. That's coming. Because you know, they're basically, that's what they're going to do. They're going to take the money that we have and it's going to be like China where you have no money. You have a telephone, you put that in there and they're going to control everything. They'll know exactly where you are, how much you're spending, where you're living, what you're doing, total control. And that's what the goal of this whole thing is. And that's coming, no question about it. Let me get back to where I am here because I've only got a couple of minutes before Stan comes on. This is the treasury bonds, okay? Wait, another phone call in there. Hold on just a second here. Hold on, what's a second here? Hold on just a second, hold on just a second. What am I doing here? Shucks. Well, I'm not going to worry about that. Hold on, let me, I got to try one more time. Earl's on the line, yes, can I help you, Earl? Oh, I was the one that had the question, Larry, about what's going to happen to our trading account money when they turn, or our bank accounts are going to CBDCs. Is our trading account going to be transferred into that too? No, no, it's just a savings account, savings account to bank, that law, that what was it called, I can't even remember now. It's a big bill that Obama put in there and that they can take money out of the account to protect ourselves against the markets and stuff. It'll be in the savings account area where the big money is, you know, because the stock money is not that much and also the bond money should be saved too. But as far as I know from what people have told me, they can take money out of the savings account, but they can't, they won't be taken out of brokers, but they could make an addendum to it and that's what they're going to do, I don't know. The big thing that's going to happen, Earl, is that they're going to be taking money out of circulation. You'll see no more cash. That means that drug lords with all this billions of dollars that they have to weigh their money and stuff, that'll all be worthless. They won't be able to spend it. And that's where the real, that's where the real pedal to the metal will be because that is coming, they're going to do it. They've already done it in China, Earl. You don't have cash in China. There's no coins and no paper. It's all done by telephone. Even the beggars have, Sarah's there right now. Even the beggars have their own telephone. So if you want to give them something, you put the one RMMB, whatever it is, and they get the money. So that's where it's going, my friend. Yeah. Well, I appreciate it. Earl, I appreciate you more than you can imagine because what I was going to show you, I'm glad, I just no time left and I hope Stan takes the whole time because if he does, I won't be able to show it. I'll show it tomorrow. But I see the same thing happening in the treasury bonds that I've, in another market that's, they're doing the same thing and says, look at me over here, see how great I am? But on the other side they're saying, I ain't so great. I'm going to share with you tomorrow probably, okay? Yeah, I've been very fortunate. I've been short 20 year all the way down. I was hoping so. We have been too. We've been telling you for two years it's going lower. Now everybody says, gee, wonder why it's so weak, huh? But who knows? Finally, after 20 years, it's like printing money. Yeah, that's right. They're catching up with us. That's for sure. There's no question. Hey, Earl, we've got to go for a break here, but thank you very much for calling in. Hope to hear from you again too, okay? Okay, Larry, thank you. You bet you. Stay on the green side of the grass, pal. That's what's important. We'll be right back, folks. We've got a break coming up. Stand hard. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven in hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African RAND, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. 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Stan, two weeks ago, we had, well, it was actually two and a half weeks ago, we had you on the tube here and you said look for lower prices into October. I remember that very vividly and we have lower prices coming down. What are you looking at, my friend? Do you want to share some charts with us? Absolutely. Let's take a look at some charts, shall we? Yes, sir. Go to full screen mode here. I thought I'd start out with looking at the monthly data. This is kind of a recap of something we've talked about in the past and this kind of take us to where we are today. Going back many, many years, the stock market was punctuated by a cycle that spanned about four years. Mathematically, it's 49 months and there's some Fibonacci numbers that go into defining that. But every 49 months, approximately every 49 years, we saw recurring lows in the market and that went on for more than 40 years throughout the 60s, 70s, 80s and 90s. And then something very interesting happened at the October 2002 bottom, that cycle expanded by a Fibonacci 1.618. So it didn't go away, it just expanded. So what we now have is a recurring rhythm in the market that spans about 79.6 months. You can call that 80 for round numbers. And that's been the defining rhythm for the last two years. That cycle last bottomed in October of last year and assuming the rhythm continues, why we should see the next low in the vicinity of May, June, 2029. And here we are, of course, just past the halfway point of 2023. So that's kind of the backdrop. Notice in each of these cycles on the, we've had consistent right translation, well, right translation here, here, here, right translation, meaning the crest or the high point of the cycle occurred to the right of the midpoint. And that is characteristic of bull market structure. It is. Now, I think if we see a high next year, which is what I'm thinking, we will have left translation in this dominant 79.6 month cycle. That'll be the first time that we've seen that in a very, very long time. And that will mean a secular top is in the rearview mirror and things are changing, of course. We're not there yet. We still got some work to go before we get there. Let's take this down a little bit lower to the weekly pattern. And this is a chart I've shared with you the last couple of months and I'm just updating it now through the present. Yep. Interestingly, this pattern is evident, I find only on the chart of the New York composite. It's not evident on the chart of the downed industrials. It's not there on the S&P, the NASDAQ, the Russell, the transports. But interestingly, it's very evident on the chart of the New York composite, which curiously is an index that rarely is shown by the media or by market technicians. But this cycle sprang forth from the January 2016 bottom. That's where the New York comp bottom, the downed S&P actually bottomed in February that year. But the New York composite bottom there and the 24 months later, in January of 2018, we saw a high. 24 months later, we saw a high in January of 2020. The downed S&P actually peaked in February, but the New York comp topped in January. Then we had another peak, of course, in January of 2022 and then assuming the rhythm continues unabated or without any extensive expansion or contraction, we should be looking to the January 2024 time period from the next high in the cycle. Every one of these highs has been absolutely pronounced on the charts. So Larry, that's telling me, January 2024, be alert for the potential for another major cycle high. Okay. Now, as we go into that time period and things change, well, I'll modify my views accordingly, but right now that's January 2024 high looks very, very compelling. Yeah, it's really strange that that was the old knife contract. We used to have in New York and it just went by the wayside with the Dow Jones because they wouldn't advertise and the other guys did and that's what made it go away. The knife was great. Yeah, I used to trade that a lot. The margin was lower than the S&P. And I mean, you got the same percentage moves. And no work for a lot lower cost. Yeah, it was great. And then for some crazy reason, it went away. I guess it just wasn't enough volume. Yeah, crazy to that sounds. Now, the New York comp is broken below. It's 50 week moving average. It would not surprise me when we get to the intermediate cycle bottom, which I'm expecting in about six weeks time, to stab it's 200 week MA, that's that red line coming uphill. And we could perhaps see a modicum amount or breach of that, but I think it will generally be supportive. What's ongoing right now is what I call your garden variety, intermediate cycle decline. Yep, they've been saying that for several weeks and you said it would be sometime in October is what you told me. I remember that was. Yes, the latter part of October 1st of November, my work says October 30th to November 1st, November 2nd right in there with November 1st kind of shaping up is the midpoint of that three to four trading day range. This is a cycle that I have tracked for years. I wrote an extensive article for it in the journal for the foundation for the study of cycles a couple of years ago. It is the dominant cycle on the weekly chart. I call it the primary weekly cycle and it contracts, it expands, but when one plots the data does a regression analysis of the time series. The peak in the histogram falls at 33, 34 weeks. 34, of course, being a Fibonacci number. That's equivalent to eight months. Also a Fibonacci number. No surprise there, and that's what it is. Now, sometimes this cycle is expanded by 1.382. Sometimes it contracts. But what's interesting is when you get an expansion and you get a contraction, it takes it right back to its original beat. So for example, during this time here where my cursor is highlighting, the cycle expanded to 49 weeks. The subsequent was 20 weeks. You add the 1.382 plus 0.618, you get 2.00 and then it picked up the regular heartbeat once again. And that's what cycles do. They'll expand, they'll contract, but after a couple iterations, in my experience, they get back to their original heartbeat. And assuming the pattern does not expand or contract much beyond the statistical norms, I'm looking for the next low right around the tail end of October 1st of November. So we've got, what's that about? Very good. Five weeks or so we got. Five weeks, of course. We came up and down during that time. I have a question when you talk about these numbers expanding, like I look at 127, I only give it 1%. I believe in these numbers so much. If it goes beyond 1.27, I don't have anything to do with it. I get out and wait for 1.618. Do you do the same thing? Well, good question. And here's how I answer that. I don't put a fixed number out of the blue on it. What I do is I do a regression analysis of the entire data that I have under study. And we got some music coming, so why don't we pick this up? Cover that, yeah, that's great. That was a great question and I'll have a great answer. I mean, we'll be right back with Stan Harley, folks. 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. 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Okay, we're back folks, talking with Stan Harley and Harley Stock Market Letter as the market keeps moving lower and lower. Go ahead, my friend, please continue. Absolutely. Let's pick up with the daily charts and then I can answer your question that you asked me a moment ago here by addressing this. In the last few months, you and I have talked about a couple of market cycles that have dominated the daily chart. One is 80 trading days, which by the way, that's the same number that defines the monthly pattern. It's, there's some Thibonacci math that goes with it, but that same numeric applies not only to the monthly charts, but the daily charts as well. And that's done a pretty good job of defining all of the highs. And then separately there's a 53 trading day cycle that you and I've discussed in the past that also has done a, Dan, you have a job defining the lows. Those two cycles actually are related. Two 80 trading day cycles is equivalent to three 53 trading day cycles. So if you take 80 times two, that's 160, divide by three, you get 53. So these two cycles are related by two to three or three to two depending on what's in the numerator and the denominator. But going back last few years, one can see those cycles have been the dominant function defining the stock market. Going back to the left here, a little low time period here was 53 trading days, 56. Then it reverted to 80, 79, 81, that's the 80. Then back to the 53 day count here. And assuming, and then the last one, when you and I discussed this in mid-August, I think I was on the air with you around the 14th or so of August, I recall I said. It was the 14th of August, yes sir. 53 day low here within the next couple of days. And it occurred on the 18th of August. And assuming the pattern continues, the next recurrence is due ideally right around the 1st of November, October 30th or so. Well, here I can answer the question. What I've done here in my spreadsheet is I have put all the dates from the prior chart into a spreadsheet, built a model and done what's called a regression analysis, which finds the best mathematical fit to all of the data points. And what it computes is a cycle that's 53 trading days. And then this little number right here is the answer to your question to me five minutes ago. How do we determine what kind of variance to give to a Fibonacci function or a cycle? Well, I look at the historical standard deviation. And that is the best thing anyone can possibly do from a mathematical perspective. The standard deviation on this cycle is historically is 2.2 trading days. So I know to look one, two, or at the extreme three trading days, I mean, three standard deviations to look for the next recurrence in this cycle. And if it goes beyond three, then clearly the cycle is expanding or it's contracting or maybe it's just gone away all together and cycles do that. They have little nuances, they're a great tool, but they also have these little quirks that we need to be mindful of. Absolutely. Usually when I go in the air with you, they stop working. Listen, hey, Dave, time out, time out. You've been very good, Stan. You've not been, you know. When this market turned, you said it was going down. Hey, Larry, I've shown you this 53-day cycle that the cycle guides are tuned in to TFNM. They're gonna make it go away and make me look foolish. I think they weren't tuned in last month, so hey, we lucked out. There's only, the thing we got going for us is only 10 people listening to us and five of them are at work, so we're okay. Hey, listen, you do good work, so don't go, you know, I know you're joking about it, but you really do good work. So you can see at this chart here, we're gonna look at the Lucas series now and this is another one that looks real interesting, yes. Yeah, this is a busy chart and if we get some commercial, we'll pick up after the fact, but let's continue now. This is a chart right through the present timeframe, going back to the October low of last year and I have marked with the 53 trading day lows, as you can see on the chart. The next one is due right around October 30th, November 1st, that's also the time period in which that 33, 34 week cycle low is due, that we showed earlier in the presentation. So, oh my gosh, that's putting together a very compelling case for a significant low to occur there. Now, in the near term, I think we have a low coming up around October the 6th, which is the end of next week. Why do I say that? Well, a lot of short-term Fibonacci-Lucas work. Let's take a look at the Lucas pattern here from the October lows of last year. Notice this, 76 trading days from that low, 76 is the Lucas number, lined up exactly with the February 2nd high. And if you double number 76, you get 152, that lined up within two trading days in the May 1st high. The next Lucas number is 199. If you add 199 to the October 13, 2022 low, you get August one. The Dow peaked on August one. The S&P topped three days earlier on July 27. The next number in the series is 246, which is two times Lucas 123, and that lines up with October 6th. So I'm theorizing we're gonna get a low in the vicinity of October 6th, and then a subsequent low on November 1st. The next Lucas number after that is 322. And if you add 322 to the October low of last year, that lines up with January 26, 2024, which happens to align with the subsequent 53 day cycle and the 24 month cycle in the New York composite that we showed back at the beginning. So you've got three cycles congregating in the late January 2024 time period. This low to low function of 53 trading days is due at the same time. Well, you've got one saying a high, you've got one saying a low. Something's gonna have to invert. I think it will be this 53 trading day low to low pattern, which has historically marked lows. I think the next recurrence will invert and it will mark a high. And I think that high could be a very significant high in the stock market. They could last for a long time. But in the near term, I'm looking for a low towards the end of next week. And then another low, a divergent low I'm calling it, right around the 1st of November, you'll see perhaps most stocks bottoming on October 6 and then maybe a fewer number of bottoming around November the 1st. That divergent low, I think will mark the orthodox cycle bottom then from there. I think we'll chug a log higher into January. That sure looks good. I certainly looks just absolutely mathematically as clear as it can be. We have to watch October 6th and November 1st. That's clear enough. So what we're going to do is we're gonna have you on sometime before November 1st. I can promise you that. By the way, how do you like living in Virginia now? Love it a lot. Thank you. I've liked Virginia for a long, long time. Visited here back when I was in the Navy many years ago and the northern part of Virginia is just gorgeous. Rolling mountains, the Appalachian Trail runs up through here, the Shenandoah Valley. That's very good. Great place. Hey listen, we're having you on again soon Stan. So thank you so much for being on and be safe and keep in touch, okay? My pleasure, look forward to it. Stan Harley, the Harley stock market letter folks, really a stand up guy and got great information. We certainly enjoy having him on. So we'll be having him on again very, very shortly because he's got some great stuff. We'll be right back for it. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. 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That's TFNN.com and hit watch Tiger TV. Yeah, for some reason I don't know how to do this but we'll get up here for a second. I thank Sam Harley for being on folks. I see something very similar to the negative interest rates going on right now. I'm probably 100% wrong, but you know, I've been 100% wrong before but the good part of this folks, I'm never 200% wrong. It's only 100% and it stops there. And I'm gonna share it with you tomorrow. It may work, it may not, but boy, look at this. I said, my God, this is as clear as anything on my face that I can see. Two and a half years ago when Mitchell was five years old, that's Sarah's, he was, he's nine now, so that was three years ago. He, I gave him $100 for his birthday on June the 12th, okay? And I said, look, I'm gonna take this $100 and I'm gonna keep it for you, it's your $100 but you're gonna have to pay me $1 a week so that I keep it for you. He says, why would I do that? He said, I can keep it myself and not pay you a dollar. I said, yes, but I'm gonna keep it for you. Well, where are you gonna keep it? I said, I don't keep it in my pocket. He said, how will I know I get it back? He said, I don't know if you're gonna get it back or not. He says, I think I would rather keep it in my pocket than in your pocket, that way I always have it. And folks, that was the end of negative interest rates. Once people started to think that way, that was it. And folks, I see it again and I see it as clear as a bell and I've got some examples of it, may or may not work, but if I'm right, it's gonna be a flat out shock. And I was gonna do it today. I'm glad that Stan didn't have, I was Stan was on the show, so I didn't have to do it and Earl was nice enough to call in. So it kept me from doing it. I'm not gonna tell you which market it is because I don't wanna make a bigger fool of myself than sometimes that I do, but I don't stay a fool for long. I get out of the trades, but these markets are acting negative and I'm just telling you that just be real careful in here, folks. We could have an outlier of it come in here that would say, oh my God, this is why the market's going down and then the door to get out ain't gonna be open. 877-9766-48. Mike Moore tomorrow, folks, live every day in an attitude of gratitude and may God bless. Building wealth, trading in the stock.