 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. All now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now Larry Pezzavento. Okay, I'm looking good. Billy Ray feeling good Lewis. A lot of things happening folks. I posted the chart of the UK market. As you can see it was poised to go higher and it certainly has. But I think the thing that we need to focus on today, by the way, I will be here tomorrow but I have to cut the short session today. I'll be done at the half hour break. Cannot be helped. Anyway, let's take a look here at what the market's really doing in the eyes. Let's give you a little Christmas present. Maybe it'll work, maybe it won't. But this is what you live for folks. If you do what I do and that means look for little patterns. I don't have time to post this for anywhere but you can see here that we have just hit the 382 retracement of the Treasury bonds. It's taken four days to get there. And it's exactly at 160. You don't have to risk more than 180 bucks on this boys and girls. Look at the last time that it did this. Go back between the 16th and the 22nd. It's very similar and right at the 382. And believe me, if you look at this, you have to say, that's even trading with the trend for God's sake. But let's take a look here yesterday. This was what's really interesting yesterday, because when the market closed, it looked like it could go either way. It was breaking hard and it came back really quickly. But looking at the NASDAQ yesterday, here's where the whole thing changed because once it went above that 14,850, that said that we were getting ready to move. Now, if we go back and look what we've been watching all along on this, this is a four-hour chart going back for almost a month. If we take a look at this, you're going to see what I think we're looking at. What we're seeing here is we're seeing a breakout here and we're going to make another ABCD pattern up here, some probably maybe at 15,185,200. We're right at 15,000 right now. And if we get up to that area, that's going to make that a 135 pattern. And this is still a bear market. This is the first really super clear ABCD pattern in a bear market. And so I think that's what I'm looking at. I'll just give you what I see. It was easy, well, not easy, but I mean, once we went above, and the S&P, once we went above 43,65 yesterday, that clearly was telling you that it really wanted to go higher. So that's neither here nor there. I've been asked to talk just a tad about Facebook and believe me, it's going to be a tad because I don't do stocks, but this is what we were looking at yesterday. If you remember a day before yesterday, actually it was yesterday, you'll notice we, no, that was 11, sorry. Anyway, we got down to that 3,18 level. We're up about 11 bucks from that level and that's all I can tell you. It's a completed pattern, no more, no less. That's all I'm watching here. Also on that Japanese yen, the market, hold on one second, we'll get this up here to take a quick look at it for you. You'll see here, the Japanese yen did make that pattern up there. It sold off quite a bit. The Euro has made some type of a bottom and we were finally able to get along this morning. So we're going to see if that's going to work or not, but the risk on that is very, very small. Now let's move on to the crude oil contract because this is the XLE. I'll measure it to you right here. Just give me a second and you'll see here, once you look at this, you'll see that we did have that 3 drive to a top pattern. Now those of you that trade crude oil, you'll notice that this morning, we made an exact, I mean within 3 pips of the exact 78% level from 82, 82.23 down to that 79 in change. That 78% level came in at 81.60. The high was 81.63. It's already broken $1,500 from that spot. So that's what we're trying to do is when we try to find these where you've got lower probabilities of losing than winning and that's what we're trying to do, keep our losses as small as we possibly can. I do want to remind everybody, try to be on the show on the 20th of October. That's when we're going to have Jim Bartolioni on and Jim's going to be talking to us about currencies, particularly this one which was the Japanese yen versus the US dollar and that'll be an interesting one to watch and unfold. Now we've got another situation going on here in the gold market. Yesterday we had a big move in gold. We got above 1800 and we got up to that 1802 level. 1802 was very important folks because if you look at it from an ABCD structure, that was spot on 1802. You have to go back and look at the charts themselves. I don't particularly have that one right now. I'll try to have it tomorrow but I don't have it right now and I'll show it to you tomorrow. How's that? Anyway, that's the main thing. The key to watch about the gold, the open interest went up in gold and open interest went up in silver. Those are all positive signs. It didn't go up a lot but they went up a little bit. But if we take a look at what's happening to silver, now silver did, we did, silver got up above 2340 for a little while today but the 382 was yesterday at 2315 and once we went above that, that's what gave, uh oh, I can't do that right now. Just a second here. Just a second here. Just let it ring then there. Sorry folks. Just give me a break. Sorry. Okay. I'm sorry. There we go. Nothing I can do about that one folks. All right. Let's take a, does anybody have any questions this morning here because we markets are really jumping around a lot and well, that's my two cents worth. We'll see what happens. Okay. Now let me double check what the market is doing right now because we have so much going on. I want to be able to see where we are. Take, let's just give you a little two cents worth folks and I'll just give you an idea of what I'm looking at here. This is a very high probability. I don't know if it's going to work or not but this is a very high probability because this thing has been following absolutely perfectly since the middle of the night last night around 12 o'clock New York time and it says that around 1130 in about 20 minutes be really careful being short or being long because this market could roll over from that level. Now if we look at the, if we look at the S&P just from a pattern standpoint you can see that let's get rid of some of these little lines that I have on here so you can see it a little bit easier. You'll be able to see that what we're doing here is we are approaching that old high that we had back here at 4419, 4421. We're not very far away from that word 4414. Now I would love to see that thing get taken out in the next 15 minutes or so because that tells me that this thing should start to roll over at that time. Now we'll revisit this tomorrow but that's the main thing that we want to be paying attention to. Regarding that bond folks, that number on the bonds was exactly 160 is the 382 level. The high has been 16003. The risk on that is six ticks. If it gets above, if you lose more than $180 on that stand aside because it's that accurate. It doesn't miss it by very much. So remind ourselves that it's not about how much money you make, it's about how much money you don't lose and that's about the minimum that you can do on a contract that's worth substantially over $100,000 only risking $200 on it is really quite interesting to look at. Now I will do this, let me give me one second here and I will bring up this chart here on the gold and we'll be right back 877-927-6648. 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TFNN, Educating Investors. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, we're back, folks, and I posted the chart, the four-hour chart of the gold. You can see the pattern that I was looking at, the three-drive pattern there. And then right behind that, I posted the daily chart on the gold looking at the same thing. The potential to be very, very bullish. There's a great deal of resistance at the 78% level at 1812. And the reason why I say a lot of resistance is because look how far behind the silver market is versus the gold. And folks, it's pretty hard for gold to have a bull market and silver not have a bull market. So we could be very close to breaking out to the upside. Certainly a possibility of that, but we'll have to let the trading gods determine whether that's going to happen or not. A lot of emotionalism in the market, like we've been expecting, tremendous volatility. And I believe that what we're looking at here is none other than an ABCD pattern completing. We could certainly go up to that 44-40 level without any trouble at all in the S&P and also get above 15,200 in the NASDAQ. I don't think we can do that in the NASDAQ because it has such a bearish pattern. But again, that's what we're looking at. Several questions about the natural gas because it's really a great market to trade. Let's get up here and take a quick look at it. I'm going to put the... I'll look at the GDX in just one second, Bob. Let me finish here with natural gas and then we'll do that. There's the natural gas contract, folks. I haven't drawn in the ratios yet or not, but you might be interested in the fact that what today's high was. Get up here and take a look at it, get to the GDX for Bob. There's the exact high. It was at $5.95. Hit it to the exact tick, excuse me, $5.97. The high was $5.96.70. And now we've broken down about $8 from that level. Now let's take a quick look here at the old golden stock marketer's index for Bob. And here we're going to get it up here, looking at it pretty quickly here. We've got a nice move coming on here. Hold on one second here. We're looking at and we'll pull that to see where we were. There's where the error, okay. There's a get it up here, looking at it. We were looking for a possibility for it to get down to the $28.84. We only got down to $28.95. We missed that by half a buck. Now it's had a pretty good rally gap up today. This might be the huge, the big move, folks. I have to say that it could be. We have to clear $33.70 in the GDX in order to prove that. But it missed that buy point down there. And believe me, we were trying to buy gold. And every time we try to buy it, we're always $10 off. But I don't like to chase markets. Sometimes I should, I guess. But anyway, that's what we're watching here in the GDX. It's got a pretty good chance here of a pretty good move. Just the way it's exploded off the bottom here. So we have to really look at that one very, very closely. Also, that US dollar index, we finally were able to buy the euro. And we're going to find out if that's going to be correct or not. But at least we were able to get in that trade because we saw the bottom coming in. We missed the bottom by a heartbeat. But then what happened was it turned around and continued to go higher. We're at 44.16 now, folks. Remember the number we're watching is 44.21. I'd like to see that happen in the next 30 minutes. And that would take out the previous week's high. And then if the market rolled over from that level, that would be a potential for the market to roll over. But that's the main thing. Regarding the crude oil, the crude oil is now down $1,000 from the 78% level. And it looks like it's breaking now as we speak. And I think we've got a chance here for the thing to actually move. Now we've got the bonds trading at 0-2. Remember, if you did that at even money, you want to put your stop at 0-6. And that's what I would be doing because you don't have to risk more than a couple hundred dollars on those 382s because when they work, they really work very, very well. So remind ourselves, and I keep saying this, the reason why I say it is because the broken record was set by Mark Douglas. We'll have Paula on on Monday. Paula Douglas will be on on Monday. She'll be chatting with us at that point. So we'll be doing that also. Okay. Now, one other question that someone asked was about the Apple. I'll bring Apple up here just for a second. And we'll take a quick look how Mr. Appel is doing. And here it is. Get it up here. Well, it made a 78% level yesterday. And that was probably another indication that the, I still don't believe, hold on one second. Let's get this up here so everybody can see it. I still don't believe that this is a bull market in Apple. At the best, we might get an ABCD up here at about 147 because the bigger target is way down here at 132. It's quite apparent that that's what we're looking at. So that's what I'm watching here with the Apple. I think it's quite important. Someone asked me to just do the silver and I will. Just give me one second here and we'll pull the silver up, get it up to me. This is really the one that's really surprised me, folks. And I don't get surprised very often, but the copper has really surprised me. Just give me, we'll do copper here as soon as I finish with the silver. And you'll see where we are today. We're almost at the 50% level here at 3373. Let's get the silver up here. Then we'll switch over to copper because copper might be telling us that maybe I'm all wet and this thing is going to go up and make new highs and believe me, folks, that is certainly possible, but I will be very, very surprised. Hold on a second. There is copper. Wow, this is really a big one. See, this is why you use stops, boys and girls. Wow, this is really a surprise. This is a big move here. Let's get this up here today because it, I didn't think it jumped that much. Hold on just a second here. When we went through the 78% level at 440, that was a big sign now. Let's just go back a little bit farther now and we'll look at this to see where we are today. From the high that we made way back in May, the 78% level comes in at 69 and we're setting at 62 right now. So very easily make that error. There was a beautiful 135 pattern. The trend line was coming down, but boy, when we exploded through that yesterday, once we went about 42, boy, it was telling you, you don't want to stand in front of that. And by the same token, maybe the S&P is going to go to 4440 or 4460 and that's still a bear market, folks, because the high was 4560. Above 4560, Walter and I wave to us as we move into the sunset, boys and girls, wave to us as we move into the sunset. Whether that happens or not, it's going to be really interesting to see, but it will be a lot of fun no matter what. Now, tomorrow I will be on the show. I will try to get Paula on for tomorrow, but I've already set it up with her for Wednesday. Monday, Wednesday is Jim Bartley only. You don't want to miss that one. We're going to try to have Stan Harley on on Tuesday and we have Tim Boss will be the following Monday. So we'll have that. I'm going to try to get Norm Winsky on the air again one more time. And we've had several requests to listen to Norm and we'll like to have him on because he's got some really good things. You realize in copper folks, we've taken out the July high today in copper at 463. We got up to 464 today and we're trading at 462 right now. So that's important. So I will catch you folks on the flip side tomorrow. May God bless. 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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.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. We've got markets open. We've got the S&P trading a couple points higher on the open. We're posited by 43 right now. NASDAQ 100 posited by 152. The Dow surging. How about up 400 points on the Dow, 34,651 right now and the Russell up a percent to $23 in the positive 2261. Let's jump over to commodities. Crude holding steady above 81 bucks. Just had a little bit of a drop off though at 9 o'clock.