 The following is 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 Well, I started out the show like we usually do looking at the German Dax Before we get into the other parts of the German Dax and a few of those I want to show you the German Bund And other things I would like to mention Someone in fact I had two One email and one phone call today from people giving me inside information of what's going on in the world Well, I'm gonna share that with you But before I do that, I want to tell you that I've been in this business for Seven decades and see 15. Yeah, seven decades. Yeah, well, this would be my 10th decade 59 60 60 Wow a long time you know, I have never gotten a piece of inside information that worked. I mean zero never nada bupkus nothing the inside information is That there is Trump is going to sign the Hong Kong bill supporting the protesters and when he does that China is going to put the kibosh on the trade deal now If you believe that I still have two shares of the Brooklyn Bridge left Let me explain one other thing that I remember very very vividly about my days at Drexel every Monday morning They would have a stockbrokers meeting and of course it would have a really nice Little Danish buffet and stuff. So everybody in the office went there were four of us in our in our commodity department And there were there were some support staff there and each each week They would try to you know to sell that this sell the shares that their own their own their own deck had like The the broker for Bob Hope was there and he always had things to sell and so You know, they would sell things and you know say well if you can sell a Amalgamated copper or whatever it is just go ahead and do it. Anyway, that's that's needed here today So I was thinking of the movie if you remember Wall Street from 1987, you know Gordon Gekko how he would call the Wall Street guy and says blue horseshoe loves anacot steel and That kind of stuff and believe me if you don't think that stuff goes on it goes down all the time In fact, that's two calls. I got today is probably exactly that this particular day They put a special announcement out that resorts international, which was a big Hotel conglomerate that was going into gambling and it had been going crazy It's been going up and up and up and had some wild swings and everything and said that if you want to have any customers That want to short resorts international, they have to put up 200% margin It was not a not a burp not a movement in the room about it and I so I asked myself Why are they doing a Bob and he he said well He said we're worried about the speculative fever that's going on in resorts international We want to perfect protect our customers. I said, okay, that sounds good I walked out and I went over to the machine and I pulled up a chart On resorts international and you could get some pretty good charts. You couldn't get into day But on this particular chart resorts international had an absolute beautiful three-drive Three-drive to a top pattern. Yeah. Yeah, I was there from 76 to 82 76 to 82 and Yeah, Drexel and so I looked at it and I said, yeah, that's pretty good So I when we finished I went over to I went over to Bob said I want to I want to sell 100 shares of resorts internationally said well, I Highly recommend it, but if that's what you want to do, you know, go ahead and do it So I went into the wire room and I explained to Neil the wire operator what I wanted to do I said when I sell 100 shares resorts international at a price and I put a stop in of about six dollars It was trading at about a hundred. I don't remember. It was over a hundred bucks a share And a few minutes later Bob 15 20 minutes later Neil came back and he said I just thought you'd like to know he said but six other brokers That did the same order you did and I said what and he said, yeah And I said, oh my goodness anyway as luck would have it The resorts international got hit with a little bit of bad news and it dropped like 14% In a matter of a day and a half and you know, they always joke to me about that But the only reason I did that was that they were telling you that something's wrong if you remember the silver ball bull market in 1980 What happened was the directors of the comics exchange were heavily short silver and so they were really getting cream So what they did was they restricted short sales, okay? And they limited they live and they made margin 200 percent. So that basically put the end of the bull market So you've got to be aware of some of these things that these people put out and always be aware Be very suspect especially nowadays folks the way the The way the news comes out. I mean, it's just Ridiculous, so I mean we we saw something yesterday about Hong Kong. It was so totally false that it was it would defy Imagination so anyway, just remember that that's what's happening. Okay. Now. Let's move on to a couple other of these charts Yeah, hey, don't believe it until you see it on the charts folks. That's why if you're a technician You got an advantage because they can't lie to you if your prices are going up There's more buyers if prices are going down. There's more sellers. That's basically the bottom line So keep in mind. That's what That's what you're looking at. So pay attention to that very very interesting as we say this morning All right, we looked at the DAX chart the next one We want to take a look at is we're going to take a look at the DAX chart on a 60 minute chart This is a little different. You'll see that this one has been in a correction here. Oh They want oh Marshall wants Okay. All right, Marshall since we have a little time Marshall wants to know How Sarah and I met I was on an airplane going from back from China through Hong Kong into Nerita Japan and there was a lovely young girl sitting in front of me and As we left the plane she had a hard time reaching her luggage, you know that dread goes Please sir help me with the luggage and so I I said didn't I saw she was rather sad and I said, you know What's wrong and she said well my mother is at the end of her time and I'm going back to Canada and I'm you know, I'm just very sad I said why don't you come into the lounge with me and I said well, we've got three and a half hours before we Take the flight. She was going to San Francisco. I was going to LA and so we went in and I had my laptop And so I put up a shorter what I did and stuff like that And I was using all the good Italian moves that I could possibly do I put on a clean shirt I combed my hair and so we started talking about the stock and she was in AIG And so I looked at the start chart of AIG and there again was a beautiful three-drive to a top pattern at 72 and three-quarters and she says well, I've been thinking of selling it And so she sold it. I thought it was under 72 and three-quarters 72 and a half maybe whatever it was It went to 36 cents Anyway, yep, she married me for my charts. You're absolutely right Maria and Maria You've been fortunate enough to meet Sarah. So you know what? What how nice and lovely she is anyway, that's that's the story about that so By the time by the time she got to Toronto I had already landed in Los Angeles and her sister swore that she was being stalked And so Sarah asked me if she was being stalked and I said most definitely All right, let's move on here. Okay. Oh, we won't buy the first break. You guys are great You got me through the first break with no damage. This is good. This is good Let's bring up another chart here to take a look at it because we want to watch a few of these others that that look pretty interesting Especially the natural gas chart folks. We'll get back to that when we come back from our break If you're not currently using the Taz profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The Taz profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve doll Taz Understands that in today's technological world the use of top-flight software applications and technical analysis Expertise is essential to successful trading in today's market You also gain access to the webinar that Steve doll and Tom O'Brien just hosted the best way to use the Taz profile Scanner to profit this webinar archive is available for all subscribers Immediately upon signing up all new subscriptions also come with a 30-day money-back guarantee So you have nothing to risk start your subscription by visiting the front page of tfnn.com today And you'll find the Taz profile scanner under the services tab sign up today Are you in the market for buying or selling real estate in the Bay area including the surrounding St. Petersburg Tampa and Clearwater markets Tiger real estate LLC is a firm that has extensive experience in the Tampa Bay area Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed Decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash Flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call Tiger real estate LLC today at 727-329-8322 Or email us at Tiger at tfnn.com that's 727-329-8322 Call us today Many of our new listeners have heard about the Tigers Den the Tigers Den is a lively community where professional traders and investors can meet Exchange ideas and information in a comfortable moderated atmosphere here all of the TFNN shows plus see all the charts as they happen live and Have access to archives of all of those charts You can test drive the Tigers Den absolutely free for 30 days and greatly enrich your knowledge of these markets And how to make your money work for you details on the Tigers Den or on the front page of TFNN.com TFNN has launched our brand new website You can still visit us at the same TFNN.com URL But when you do you'll see a new and improved homepage with a much simpler navigation Whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions We even have new pricing in six months and yearly options Check out the new TFNN.com now and experience all the upgrades TFNN.com educating investors Now toll-free at 1-877-927-6648 internationally at 727-873-7618 Okay, folks before we do the natural gas. Let's talk to Tim in Cleveland, Ohio Tim. Are you there? Yes, indeed. I am Larry. What can I help you with my friend? And before I'm wondering you live in Tucson, right? Yes, sir. I sure do Yeah, do you happen to know Tito Francona the manager of the Indians? I have met him a few times Robin Ventura who manages the Chicago White Sox actually is a very good friend of the family and my daughter used to babysit for One of his four kids when he was he lived in Santa Maria He was a he was a star he moved from high school right into the Majors when he was 18 and he played for you know 20 years for the White Sox and Yankees and so I I met him through Robin Ventura they had a Oh, it's an old-timers thing here at the University of Arizona and Robin was there and I and I met him once He's a really nice guy and he could run for mayor. He'd be elected 99 to 1. I mean he's he's just everybody loves him Well, I know Francona I think he plays a lot of poker and I know you you're interested Yeah, yeah, oh, yeah, he and I play a lot together. I'm what I'm on TV watching him play. I play I'm very low limit I play usually I play 4-8 Texas hold them which is four dollars eight dollars You can buy in for a hundred dollars But I like to play in the tournaments because you buy in for 50 bucks and if you win you win six or seven hundred So you got a nine-to-one, you know, chance a payout plus, you know, if you're not bad You know, and I only play really good cards and I pay attention to what's going on So I do win but not a lot, but you know, it's entertaining to me, but no those guys are in a totally different Totally, I know I see him on TV and I watch him and I played against in the tournaments with some of them I mean, but I I have not I'm I'm not a I'm not anywhere near that level and I don't want to be I love doing what I do. They can't do what I do and I think and I can't do what they do So it all all evens out I think I was more interested in whether you had actually played with the Tito Francona the Never never have no, I see I've seen okay. Yeah, I've seen you on TV I never played poker and I did meet the gentlemen But I don't know haven't played with him. No, okay those guys that I don't play in those games They're just they're just too high for me and okay Well, Larry up against something that I haven't run into quite often and I'm hoping to tap your expertise on this I actually own TD Ameritrade and of course it was announced today that Schwab was buying it and what the editing price ends up being when The deal is done. You could See if you could apply some of your techniques to give me some idea of how much I might be able to squeeze out of this I would tell you what I'm gonna give you my two cents worth and that's exactly what you have to pay for it Tim, okay Two things first of all, I don't know if you know this or not, but Charles Schwab the original dude He bought u.s. Steel from Andrew Carnegie in 1929 for 450 million dollars, I believe Okay, it took him. I don't remember something like 28 years or something to recoup his investment, but no one really knows what actually happened Personally, I do not like Charles Schwab and I'll tell you why when I moved here to Tucson in 94 I was only here about six months And I was giving a lecture at the University of Arizona in the Stuart Udall School of Business Management And the director of the school of that department came up to me and said he had a problem And his problem was that the his secretary I had a count with Charles Schwab and you know They had done some things that he didn't think were right and he asked if I would look at it And I did and it was really flagrant and I had done I had done over 30 cases as an expert witness So I'm not I'm not a rookie when it comes to looking at accounts, and I knew that this was really bad and so I I went down to see Charles Schwab with an attorney that they had hired and we tried to talk to them And they said oh this is you know totally wrong and I I said All you have to do is go to arbitration. I said this is a flat-out no-brainer. I said, you know, you're not gonna lose this case It's impossible to lose this case and so they did and they won So I don't really you know in Charles, you know Charles Schwab didn't even have a legal department This was 94 they didn't have a legal department They jobbed everything out to people who didn't know what they were doing So I don't have a lot of faith in the Charles Schwab. They're you know, they're very successful in everything But I would I would take every chance I could get to get out of that before it becomes part of Charles Well now that's my two cents worth and I'm sticking to it, but that's all you're gonna have to pay is two cents Tim Well, I thought you might be able to see some type of Fibonacci number that oh, oh, you know, I never thought I look at that'd be a good idea You know what that we know what the symbol is for TD Ameritrade am TD am TD? Okay, give me a second here hold on a second. I'll get this up here and since you're kind enough to say it's gonna I'm switching data here. So a A am TD, okay, I got that go to daily and let's see if we can get this thing up and take a look at it Oh, it's gonna take me a little bit longer than I wanted to but Where's it trading right now Tim? On the pre-market, I think it was 51 and 25 something like that. Okay. Let me give it. It should be ready now Let's give it a am TD. There it is. All right, and let's see where it is It closed at 41 now. It's at 51 Oh, this has been in a big downtrend I'd run for the hills on this puppy It's a much weaker than market stock and you're trading exactly at the 78 percent retracement of the whole year's range from 2019 at 51 and a half Okay, so it sounds like right here is a good. Yep between between Between my mouth and God's ears You know, I don't know where it's gonna go from here for the reasons that I guess just because well, you got a huge gap You know Island all this stuff, you know, maybe it'll go up. Let's look at the weekly just for heck I want to put the chart in here. Let's just watch this here. Oh, this is this is a while I can see why they're buying it because it's cheap But I I frankly hold on one second here Tim and let me get this up here so that you can see it They're giving you a 25% Bonus for buying it or for selling it. You know what I mean and the the long term Oh, you're right at the long term 618 here at 51 71. I would be I that's my two cents worth Okay, let me ask you a question. Would you rather be long or short this stock coming in this morning? I was actually thinking about shorting it after I sold it actually No, I I think that they're probably you know, they overpaid for I'm gonna be quiet. It's what was that quote was it's better to be quiet I thought a few a fool did to open your mouth and remove all doubt I think that was Charles Dickens, but I'm not sure but anyway, good luck to you with it my friend I hope it I hope it works out I'll start looking at it and if he keeps going up forever and you're welcome to come out to Tucson for a free lunch Hey, I may take you up on that. I was thinking about coming up that way anyway, so Recorded that you're gonna buy me lunch, okay? Donald's right across the street, so we're in good Thanks for coming us and a happy Thanksgiving to you and your family Happy Thanksgiving to you and your family as well. Thank you very much. I really appreciate it folks folks when I share these stories, please take them with the This is going back to history and stuff and that's really what I'm you know paying attention to so if you'll just keep that in mind I hope that It helps out We'll be right back after we take this few minutes for from our sponsors eight seven seven ninety seven six great Larry Pezzavento has just started his brand new service Fibonacci 24 7 and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends Each Monday you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out and Throughout the week when warranted Larry will send out via charts or videos or both the key markets that he is watching during the day This will be up to the date active trading information that will help you in your daily trading in Larry's first week alone He sent out 25 charts six videos and a full report to his subscribers in just one week If you're a technical trader that uses patterns and retracements to trade then Larry's service Fibonacci 24 7 is something that you must try right now new subscribers can get a full 30-day money back guarantee with nothing to risk sign up now to Larry Pezzavento's Fibonacci 24 7 by visiting the front page of tfnn.com under trading newsletters The path of least resistance is David White's daily trading newsletter And if you're looking for active trading ideas then now is a perfect time for a 30-day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted Don't miss out on this great chance to get a 30-day free trial to David's daily newsletter The path of least resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently And if you'd like to see the type of newsletter He delivers every morning then visit the front page of tfnn and you'll find the path of least resistance under trading newsletters For all the details and to start your 30-day free trial today log on to tfnn.com now Tfnn is excited about our new software charting program the art of timing the trade charts in Collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has programmed an Outstanding piece of software that will complement any traders methodology using this first-of-its-kind program The art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleaf ABCs Butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks Just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're gonna love this new charting software that will even give you a 30-day Unconditional money-back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.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 Okay, folks, I'll get on to bonds here in just a second But mr. Z's asked a question about how I got started doing expert witnessing It was in 1985 after I had left a commodity corporation. They gave you a six-month leave I was never thinking of going back because I was going through a divorce and my good friend Eddie Horowitz was an attorney And he was handling stuff for Gibson Dunn and crutcher Kiesel young and Logan and a couple other law firms and he needed help on some cases And so he asked me if I would help and I said I'd be more than happy to it was $150 an hour plus expenses So it was really easy money and all we had to do is go through the P&S statements talk to the brokers and figure out You know what was happening? And so I did a total of 30 cases Over a period of about four years and I won every case except one and that was the case that I was 110 percent sure that I was going to win and what happened was the the guy had lost a lot of money But I'll tell you that story to some time But anyway, that's how I got started doing it and it was it was really It was really really fun. I had one I tell you two stories at the store The the the case that I lost was with Kent Duncan. He had done Ken Dunn records and he had 72 gold out golden platinum albums. He was a producer. I mean he he knew I've told you the story with Stevie Wonder he he knew you know, gosh, he knew everybody personally. It was just really amazing and Ricky Nelson anyway, it was just a And he had been he had been trading the Japanese yen at Bateman Eichler in Santa Maria with a broker there and He was doing pretty good and I had showed him little ABCD stuff And so he really got involved in it He was trading and making making a lot of money He's making 20 30 grand a month trading to Japanese yen and then his father passed away And I called him and we were pretty good friends and I told him I said please stop trading Ken I said because you know when you have a death in a family like that I mean you just you just never do well when that happens and he said okay, I'll stop trading well He didn't stop trading. Anyway, what happened was he got into a situation where he'd ran his account up to four $490,000 he started with about a hundred grand and then he got it down to zero and So he came to me and showed me what happened and his broker was just churning the hell out of it I mean he was just really This was really bad and anyway, he went through the whole thing and we went to the court and Excuse me to arbitration and the arbitration said look this guy's in a record business. He understands risk You know, he's got the capital, you know, he's a big boy He should have put his big boy pants on and you know, he's we're not going to give him any money So that's that's the way it happened. Well, anyway We were remain friends that he stopped trading and then about a two or three months later Now maybe it's maybe six months later. He we were out to dinner and he said, you know I got a settlement from my from my dad's estate today and I said, that's really great I'm glad to hear that. You know, he didn't need the money. He said Larry He said you want to guess how much it was and I said, I guess it's within about 25 cents of how much money you lost Trading the Japanese yen and he said no, it's about ten dollars difference And so folks if anything happens in your life where you've got a divorce or a death in a family for God's sake Don't trade commodity corporation had a full-time psychiatrist on the staff for stuff like that So it's very very important. Just let's remember that. Okay. Now get on to the Bondolis. It's very very important in the Bondolis We want to look at these very very closely I did a whole chart on these puppies and I want to be able to see if I can find this chart that I did and Then when we go because we hit a major major number up there Last night as you guys were sleeping in where did I put it? Where did I put it? Where did I put it? Shut the front door and raise their head Larry you got it. I marked these up I put the names on them and you haven't got so darn many of them that I can't I can't find the darn things. Oh shucks Don't got it. Anyway, but when we hit that number last night in the Bonds at 160 30 I've got to find this chart because that explains the whole thing in bonds I mean, it's just so easy to see if you can look at that and I What time is it? We got four minutes to do it. I'll do it on the next run around. Oh, you know what? I'll do I've got time here since this is our show Let's just go up here and we will get up here to the old Bondolis and get them up here And I know I've got it on file 40 I knew it was an hourly chart is this it up by the ping by the boom We are there. That's not fair. Hold on. Just a second here get the right chart up There we go. There we go. There we go. This is it Okay All right, this is it. Let me see. This is still a very various chart by the way Just give me a second here boys and girls Okay, here's the bonds last night when we hit 160 30 I want you to look at something very very important folks because you see where it says 1.618 there Okay, that's the 1.618 expansion from the low that we had on the seventh up to the 13th And then you see we went sideways for three days 14 15 16 17 Then we took off measure that a bcd leg and it's going to take you exactly to 1628 which is this 1.618 expansion. It is also the 78 percent retracement from November the first We're already down a little more than a handle already this morning So this is still a various chart. Look at the look at the lower tops. Look at the lower bottoms There's trouble in River City in the bond market boys and girls. So pay a clinch into that pay attention to that I think it's something that you really need to do. Anyway, that's my two cents and I'm sticking to it I hope that helps with the bonds. All right. Let's move. Let's see if we had another question in the den here Okay, let's move on to something here. I want to talk about here. We had a very nice One second here get this out of the way move this over We had a very nice chart from one of our listeners And I want to bring it up to you to let you take a look at it and you'll see here. This was his Chart of wheat. This is the march wheat contract and there was his reasons why he did all these things He had like 13 different reasons to buy the march wheat It's got a nice profit in it as you can see And the and the two things folks when you've got a black background like that That's not good commodity corporation Also, you know did some work on that and black backgrounds are not good make it muted or white or something But don't use black That's my two cents and I'm sticking to it. All right, let's take a look at that wheat Now what I suggested to this young man is that you've got, you know, something that looks really good here But you just got two dog gone many lines I just doesn't you could do it with a whole lot less lines and it would about be a lot easier to say a lot easier to see So what I suggested him to do was to just go and look at it And so here here's march wheat on a four-hour chart and we'll get up here and take a look at that And I know some of you did this trade because you'd already emailed about it. Look at this You have a beautiful remember this is over two weeks from the end of october To the 17th of november. Look at that. Look at the nice little a bcd pattern and look where it's setting It's set in a 61 per cent retracement of the nova september low You got a beautiful a bcd perfect in price and time at 504. It's now up You know 750 bucks So that's the easier way to do it now You know, if you're good at using moving averages and stuff like that like The steve roads and basal chappan and tom can do then that's great But if you're new at doing this then don't uh, don't worry too During worry too much about it and you know, and if you did this you can certainly reduce the number of reasons to buy The trade from about 13 all the way down to three But if you want to use 13 then that's okay, but remember you're the one it's doing it You know, I'm just giving you what I see when I'm looking at the pattern So eight seven seven nine two seven six six four eight If you are in the cd market and looking for a secure investment The tiger first mortgage program may work for you The security for these first mortgages are building lots in the tax opportunity zone in st. Petersburg, florida The tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years And pay no tax on the profits which makes these lots valuable The investment is anywhere from 30 000 to 75 000 The interest paid is 7% yearly paid on a monthly basis According to bankrate.com the best rate for a four-year cd in the country as of february 20th is 3.1% A $50,000 investment at a normal four-year cd rate of 3.1% would give you income of 1,550 per year or 6,200 over the four-year period that same $50,000 investment in the tiger first mortgage program Would give you 3,500 per year or 14,000 over the four years What should you prefer 6,200 or 14,000 of interest on your investment? If you would like more information about the tiger first mortgage program You can call me at 877-518-9190. That's 877-518-9190 If you're a trader in the market looking for exposure to gold or gold mining equities Then now is a perfect time to sign up for tom o'brien's gold report. The summer is over Gold is trading back above $1,500 and the 10-year treasury is hovering at around 1.5% Tom o'brien has been writing his weekly gold report for almost 18 years There's no one that knows more about how the gold market trades and how gold mining equities react New subscribers get a 30-day money back guarantee. So you have nothing to lose Every monday morning tom publishes his weekly gold report with coverage of gold silver bonds the xa u hui gdx the dollar as well as more than 30 different mining equities as of september 3rd Gold report subscribers have five active open positions with an average Unrealized profit of almost 38% for each position to see for yourself the types of profitable trades that are recommended within the gold report Sign up today by visiting tfnn.com Will the s and p 500 continue to climb for bold trades on us large cap stocks in either direction trade spx l sp u u or sp x s Directions daily s and p 500 bull and bear Leveraged etfs Direction leveraged etfs an investor should carefully consider a fund's investment objective risks charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus Call 866-476-7523 or visit direction investments.com a fund's prospectus and summary prospectus should be read carefully before investing An investment in the funds is subject to risk including the possible loss of principal The funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foreside fund services llc The bull bear trading hour with tom and tommy o brian next Okay folks tiger from the tfnn room asked me a question is since we missed the Overnight it happened in the bonds at that 160 30 area. How would I enter the trade? Folks one of the people that I highly respect tom hugart. We did a seminar with him in september in the uk and All I did for my seminar was to look at what tom had done making what he had made And I'm just going to show you a picture here. This happens to be the dow Jones. I'll get this up here. Oh, I guess I'll have to Well, I've got him. I've got to take a picture of it boys and girls. So give me a second here. How do I do that? Save ass. I think this will do it Let me go to this top. Uh, that's not gonna work. Yeah, maybe it is hold on Anyway, basically what tom does is he trades thrust in the market And I want to hopefully I've got this doggone thing that'll come up here We'll take a clutch get popped up. Very good. Let's get up here. Let's hear So here is what he does. Let me just get a thing up here. All right, and I'm gonna have a little question here All right, here it is. This is the uh, this is the s and p not or excuse me the dow Jones Just consider this is the bonds. Okay, because that hasn't happened in the bonds yet You see you have the top up there and you miss the top. Okay. It comes down and it rallies up. Okay Sell that 382 retracement That's what you what he does he sells the 382 retracement and then he presses it when it goes below the low Where you measured the 382 in other words, you go from the high down to the low up to the 382 Once you break the 382 retracement He starts pressing now. He's already pressing right now. He just posted this and so I just want to see what's that We have an extended bar. That means, uh, you know, it's heading down a little bit at least a short period of time But that's that's exactly what he does. I did a whole thing one two full days On this and it's an incredible thing to look at folks. It really is go look at it like defy human nature Prove it to yourself. That's what I would suggest you do now. Here's the question here I want you to tell me how many points points That tom made trading the dachs in 2019 so far Can someone guess how many points he's made? Not dollars just points how many points has he made trading the dachs Now he's published this so it's not a it's not a mystery No bill. It's higher than three It's higher than 2000 or 2019 Is the year and we're in november so we got five weeks to go And anyway, you you want to guess it's more than 500 and it's more than a thousand And it's more than it's more than 2000 You ready 14,000 Points trading the dachs for 2019. That's plus. That's not counting. That's counting the losses. That's net So that that so he is definitely in the class of a super trader So and he'll be he'll be in tomorrow, but he's very humble He shares what he knows and but he's good, you know, he's he's he's does things that People do to get it right. So we'll see No, no Mike Mike. No, no, no, no, it's a total points not not from up and down It's up and down He uses the dach. He uses the futures on the he uses cfds contract for differences is what he used bill In the year in europe, they can't trade us futures. So they use cfds. That's contract for differences It's exactly the same thing what they do is they bypass The nfa and the cftc And that's that's why they that's why they do that So those are just a few things to to look at but I would highly recommend you take a look at what he does Because all you have to do is to go to Trader tom and he'll send you his book. He outlines pretty much what he's doing. He's selling strength And uh buying week or excuse me. He's uh buying strength and selling weakness. That's what he does So whether that means much or not. I don't know but that's the way it goes Okay, let's uh, there's the old bondolis. I want to get this up here. Here's the german bund if you remember here way back in august We were making those multiple abcd patterns on a long-term daily basis Turned out to be the right thing. We've gone from 180 all the way down to 169 We've had the same rally here. See the rally here that we had in the bonds That's almost exactly what we did last night in the in our treasury bonds. You can see that 0.84 as It's just a shade off at 0.786 for trading purposes are almost exactly the same thing And so that's what we're watching here But the bond problem there is a problem in the credit markets. I don't think there's any question about that. So we'll See if that helps at all. Okay, let's move on I want to talk about losing something and that is something we need to pay attention to a lot of times And I think this is it We've been talking about the little piggies and we were talking to those with ruby yesterday about that This is christmas. These are christmas hogs and as you'll notice here They opened they they opened slightly lower and and I When we were on the air when that happened and that was at 60 61 and change 6155 or something. I said it's no good And if you'd have done that, you know, you may have had you had a nice trade But when these things fail and they gap down like that folks, especially when you've got extremely bullish news I mean, you know, you can tell right now the bullish news is certainly fake because they're telling you that there's a You know epidemic of swine flu over in in china, you know, if you believe that I still have those two shares of the brooklyn bridge. So Don't don't pay any attention to the news And then this is why I'm a technician folks You know, it's because I I've been there done that been bitten on the kabuki. So it's not fun So just remember when the news is not good and prices go up, that's a really bully sign. Okay Pork bellies that no the pork bellies are gone. They used to we used to love trading those anyway Well, it's it's been around for a long time terry this stuff, but it's just getting totally out of control I mean, it's just I've never seen it as bad as it is right now Now I want to share with you something from our le way boys that They're looking at some things here that I think look interesting Since we were talking about the bonds I want to get this up here because I think this is where the inherent problem is going to be If we do get into a Correction here You can see here at the top there where it says see you later risk taker Well, you can see the abcd pattern that they mark there abcd and at point d Okay, that abcd folks is a three drive To a top pattern and if you can see the abcd at d that is a butterfly pattern Okay, these are all extension numbers up there. So They keep a keep close eye on it. So I think when it comes it's going to be They there's so much complacency in the market out there when if it does come and I don't know if it will or not But if it does, you know, it's going to be They're gonna they're going to spank some people would be my guess you want to be The spanky you don't want to be No, you want to be the spank or not the spanky when you do this Keep your loss of small let your profits run Uh, remember tomorrow, we're going to have a tom who guard is going to be my guest tomorrow We'll have a chance to chat with him Can ask him questions probably he'll probably answer without too much trouble. He's very He's quite humble actually and he's got a lovely family and everything Uh, how can someone tell me how the td ameritrade is a trading? I want to know if tim and cleveland's ever going to speak to me again It is a family show you bet you I Okay, that's okay, you know folks I've been doing this for 12 years now and I have never If I have slipped, I don't think I've ever I've never said any curse word It's a trading at 49 81 And it got out at 51 tim send me commission I'm certain you are or strive to be one of the best of the best at everything you do in life It's the most common trait that we tigers and tigers share If you're looking to become the best of the best when it comes to managing your money Let me teach you to do what most wealth managers tell you can't be done Which is how to time the markets I'm steve rhodes author of mastering probability and for the last 12 months Timer digest has been tracking my newsletter signals Which have earned me the ranking as their number one market timer in the nation for the s and p 500 for the last 12 Six and three months timer digest also ranks me as the number one market timer for gold as well The fact is markets can be timed and I'll teach you the exact set of tools that I use That has transformed me into one of the best at what I do sign up for mastering probability today By clicking on the newsletter tab on the home page of tfnn.com and get immediate access to workshops Where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today If you haven't checked out the newsletters page of tfnn.com What are you waiting for all of the tfnn newsletters are informative up-to-date Affordable and it must have for every trader looking to gain a competitive Informational edge in today's markets tfnn newsletters cover every aspect of the markets to offer you the very latest in market news Plus new subscribers get to test drive our newsletters risk-free for 30 days From all aspects of the markets including stocks bonds metals commodities and tech There's a newsletter to fit your needs exclusively from tfnn Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game Visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors Since 1984 basal Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion While originally hand drawing charts from the late 1970s into the 1980s Basal noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Later basal found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls Thus was born the Chapman wave sequence Using the Chapman wave methodology along with other indicators basal Chapman advises his subscribers of his expert market opinion Each market day with his opening call newsletter right now You can get a two week free trial to the opening call basal's daily trading newsletter by visiting the front page of tfnn.com Cancel at any time during that trial and pay absolutely nothing Get your two week free trial to basal's newsletter the opening call today by visiting tfnn.com This segment is brought to you by thinkorswim For more information just click the thinkorswim banner on the front page of tfnn.com Okay folks we're back and i'm going to put up the chart by golly The TD Ameritrade actually is uh has has sold off of that hold on let's get this puppy up here Uh, see we went up there and uh, he got as high as 150. What was it 151? 151 94 it's now trading four dollars lower at 47 79 Remember you heard it here on a lucky call. I finally got it right tommy after 12 years, baby We're smoking baby. We can do it you and me. All right. Let's move on to the next one here I'm not on drugs folks. I'm just very very happy today. Hold on just a second move up I'm always happy every day. Let's move up to the next one. We want to cover is the Shucks, where is it got it? Finally got one right after all these years boy. That's just a that just makes me feel just happier that uh Oh shucks. Oh bitcoin shut the front door. Here it is This one this was in big trouble folks. Here's bitcoin People have asked about this There you go, uh, we're down here. We're a little below the 786 this morning folks So anything below 8,000 and this makes it to very very suspect from the bully side That's uh, that's what it looks like anyway, and I believe we are we are below that here it is this morning Let me get this updated. That was yesterday's we'll get this one up here today and uh Okay, mr. Z is asking a question about tell Us the year your fans wrote the pesavento pattern. That was 1995 1995 1995 is when they did it over a weekend when I was up there at Salt Lake City giving a lecture They just wrote it for me. I spent a hundred grand trying to get that thing done Then two of my students that were that started that mt4 stuff Two russian programmers did it also, but the irvingtons did it for me It helps to look at the patterns quickly, you know, that's really what you're looking at So remember i've got a fundamentalist folks. That's the understatement of the year Hey, we're coming to the end of the line tomorrow. Don't miss the show. We're gonna have tom on hopefully david paul also So live every day in an attitude of gratitude and may god bless