 Let us know and you'll get a full refund within 30 days of signing up TFNN.com Educating Investors The following is a presentation of TFNN 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 looking good Billy Ray feeling good Lewis we're going to take a look at the Dow Jones let's try it again Larry the E-mini S&P yesterday we were talking about it you'll notice that we made this 382 retracement here we rallied up to the 61% retracement to the high that we made back on last Thursday and then what we want to do is we want to see what happened next because if we're correct what we'd be looking for would be an A, B, C, D coming down here to this level right here and guess what happened today folks we were looking at that and believe it or not the training gods were spot on today and you'll be able to see this I know that several people that were looking at this with me this give me one second here this is a Friday in and up week so it's pretty hard for oh what am I doing here hold on I gotta get the right button there we go let me get the share screen and then we're ready to go okay here's where we are oh there's where we are I think let's see if we get this right there we go and as you can see we make a perfect A, B, C, D down here at 56-51 we've gone all the way up to the 78% level already and I guess we could easily take this out whether we take that 382 out from way back here I'm not sure but that's certainly a possibility the Dow Jones industrial average is already made a new high now the Dow Jones industrial average and we'll do that one next is the easiest of all of the markets to manipulate and the reason why is it's only 30 stocks and you know and they're price weighted so all you have to do is pick five of them and you can run the whole thing so you know someone with a few you know a few hundred million dollars can make the Dow do it just about whatever it wants to do at least for short term but here's where we were this morning coming in setting there at 30,300 excuse me 30,100 it was just right exactly at the 61% retracement of the move here I didn't draw in the A, B, C, D because it extended to the 1.27 but it was a spot on 382 and when that happened it took off and now we've made new highs above here now whether we follow through or not you know remains to be seen but remember the Dow Jones is price weighted so it's the highest price stocks in the Dow and you got about five of those out of the 30 and those are the ones that count the NASDAQ and the S&P are cap weighted in other words you take the capitalization and figure out what the what the price value is so that's why you want to pay a close attention to these as you're watching these things unfold here today but what's more important than that it all happened at the same time folks let me give you a perfect example of what happened here is the British Pound and you know we've been following this for quite some time here we'll get this up here so you can take a look at it the reason why I'm showing you this folks is because when the Fed comes in and if it was the Fed I'm not saying I don't know if it was it's got to be one of four organizations the Fed Black Rock State Street and Vanguard those are the only people well there's probable a few others that I don't know about but anyway look at this exactly ABCD and boom away we went to the upside that was the British Pound if we take a look at the Euro this was all exactly at the same time folks that's why when you're seeing these things my goodness you know you got to be wondering why does it happen at the same time well boys and girls you'll never guess because they all act into nature's law and that's what this is all about now here is the British now listen now this is the Euro we've already shown you the British Pound get this up here and there we are right here and there's where we are there was a Euro and let's do one more now remember everybody that bought the lottery ticket yesterday buying the Treasury notes at 109 and 12 I believe was the exact number we were looking at get this up here to see it and we will see what happened here today I'm just walking through this to show you the sequence of what things I was looking for you remember we bought this down here with a six pip stop that would have been just about $120 okay so that's what we were buying it at right now well what happened last night and also today we're going to get this up here so that you can take a look at it because something really big has happened here today folks I think the Federal Reserve has made a play here to make these markets calm down a little bit and it's being shown in the stock market all right the next one we want to get to is the Treasury notes and here they are I want to get to you there's two two charts in this series that I want to show you because these are things that I teach when I do the teaching seminars twice a year here at TFNN but you notice here we bought here the market broke down quite a bit about 500 bucks down to that 108 and change okay that was $500 from the empty but we were out of it at 06 we bought excuse me 03 we're out of it at 03 and we went dropped a lot lower so that's why you put a stop in because you don't know what's going to happen next but when all this stuff happened this morning exactly four minutes till nine o'clock when things really started to start rocking and rolling Treasury notes had a huge move too now Treasury bonds didn't move hardly at all but look what happened to Treasury notes if you look at them on a five-minute basis and when you want to enter a trade and not risk very much this is what you have to use look what this happened there's your low right here you have the big pullback right here you have the pullback if you want to buy that one which I would have liked to but I was busy doing a lot of other things so it pulled back right to here and then makes a perfect ABCD on this five-minute chart right at the 50% level and then it's had a big move since that time so that's what I tried to do is I try to find a pattern within the time frame where I'd like to buy and if I can risk that much fine does it work all the time heavens know but you know what nothing works all the time so that's the main thing that you got to remember so you just can't do anything more than that the fact that the Dow Jones was able to make a new high today you have to give kudos to that now if we get up there and we do that the same thing with the NASDAQ and we do the same thing with the S&P which we can easily do now the NASDAQ stopped at the 78% level up there at 11248 we made a little bit higher high at 260 it hasn't gone too much from that level but that's what we're watching here right now today so this is a Friday in an up week and the fact that the market hit those numbers early this morning and there was no report due or anything this was five minutes actually about four minutes before nine o'clock as I said all those things hit and I said oh here we're going up and that's what happened you know heck who knows sometimes they go up sometimes they go down you don't really know but that's what you want to be watching now this next slide that we bring up here is important I don't look at these things at all but I wanted to bring it up to you because we are watching bonds and notes very very carefully here this happens to be the TBT which is the treasury notes I believe let's get these up here to see it and as you can see here we're completing a big ABCD up into this area right here with another gap opening I guess someone said but this market I you know folks to me the whole key to this is what's happening with notes and bonds we've still got bonds down a point and a half believe it or not we're going to talk about bonds a little bit more when we get back 877-927-6648 Teddy Kegstad has just announced a live webinar coming up for subscribers to his newsletter the tiger forex report Wednesday October 26th at 4 p.m eastern time Teddy will be hosting a live 60 minute webinar forex strategies and fundamentals what is behind the tiger forex report newsletter in this 60 minute webinar Teddy will be discussing a full breakdown of the markets that influence currency pairs as well as applying those variables to individual currency pairs how to evaluate trading scenarios for risk versus reward as well as a live question and answer session sign up now and gain instant access to this live webinar coming up as well as a month subscription to Teddy's tiger forex report which comes with a 30-day money back guarantee so you have nothing to risk don't miss out on this live webinar event with teddy kegs that Wednesday October 26th sign up now for the tiger forex report at the front page of tfnn.com 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 looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter Market Insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis in our gear to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter Market Insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com tfnn educating investors okay folks this is the chart of the German DAX as you can see here we've had the three drive to a bottom then we had the ABCD now their B leg is here he what he did was he showed this as the high because then it pulled back right to the 61 and then made the ABCD pattern right up here and then you can see it started to fall off you know dramatically so that's why this is off by just a little bit but it shows you you know how harmonic these things really are look at look at these ABCDs here folks well A, B, C, D, A, B, C, D after a while you're beginning to think hmm maybe these things actually do work you know I already know that they do but folks you never know what's going to happen next because something dramatic will usually happen and that's exactly you know the kind of market that we live in now because things are really happening all over the world and I I know we live in interesting times but I think it's important that we remember it's not about how much money you make it's about how much money you don't lose now let's take a look here at the British Pound because we were looking at it yesterday during if I don't know if you know this or not folks but I don't think there's been anything in the news about it but the prime minister of the UK has resigned I don't know if you'd heard anything about it but that caused that great volatility in the British Pound and as you can see here this was as of yesterday what we did last night as we came right down to the exact 78 percent level and stopped and then we had a nice 150 pip rally this morning starting exactly at around nine o'clock I don't know who was doing that but when you stop and think when all the bells and whistles go off at the same time I mean the public can't be involved because by golly they don't get that information till too late but my goodness to see everything doing at nine o'clock that's why you've got to be prepared here to see what these things are going to do because when they happen and they usually happen pretty actively they can be very very powerful and we're seeing that today too so we've got a couple hours to go in the market we could easily make new highs for the run here in the S&P it only has to go about another oh 60 handles or so which it's already ran 70 so ought to be able to do that without any trouble at all I would be able to think okay now share one other chart here with you and then we will move on and that is the gold market here this is the one that was most difficult I saw the other things happening but I didn't see this gold market until later when I said why why what did I miss in gold and what I missed was if you'll notice here we had the A, B, C, D there's your 3A2 that we talked about and that A, B, C, D measures down here to 1620 the load today was 1621 we took out this load by 20 cents I mean I I didn't even I didn't even hear my limit might go off that's how quick it was and of course we've rallied we're all the way up into this area already now but with a big thrusting like this there's a major bottom that happened here in a gold just like this one was look at that you took it out by a little bit and boom so what you want to do now if you're trading the gold market which I am doing I'm going to do the same thing with gold that I did with the treasury notes I had a big move off of the bottom I missed the bottom no big deal miss a lot of them so the next thing I want to do is watch for the A, B, C, D pattern all I do now is I would go down to a four-minute chart just like I did in the treasury bonds I'm going to get up here just try to get there it's the treasury notes and we'll get up here to see it and we'll be fine and here we go I'll wait for this pattern right here I didn't I didn't get the A, B, C, D here all I got here was the pullback which would have been okay that just made the A, B, C, D but look at this one this one gave me the gardening pattern that I wanted right at you know the A, B, C, D, 3, A, 2 I mean you can't ask for it because then if you buy it you know exactly where your risk is yesterday I I would do that trade a hundred times folks that I bought at 109.13 because this 1.618 is the from my perspective it is one of the most if not the most powerful well the 382 is pretty powerful 618 is powerful 786 is powerful but boy 1.618 that's the spiral mirror balance folks that's the end of the spiral mirror balance you get beyond there you're going to go to 2 and 2.3 and 4.2 and 9.11 whatever it's going to be but you know 1.618 you know exactly where you stand and that's where we were yesterday now the $64 question is why didn't I go short there well I don't go short there because I don't reverse positions very well Mark Douglas worked in this office with me for five years and tried it he said there you do just fine without reversing don't even worry about it there's too much effort in your part and at that time it was but boy I'm seeing some of these things reverse so much I'm saying boy I'm missing a lot of really good ones here so those are a few things that I have in my mind as I'm thinking about them all the time but we are at a real critical level in these notes and bonds folks if they you know I don't know what's happening they've rounded a little bit more than a little bit today in notes but the bonds are still down a full point now let's look at bonds from another perspective because I wanted to see what I could have possibly done differently yesterday in the bond so what I did was I did a weekly chart here of the treasury bonds and we'll get this one up here right here and there's where we are right there there's the weekly treasury bond chart down 13 weeks my original target of course you know was a 128 and we're substantially below that you can see the 1.618 that came in at 122 were four handles below that we didn't see a 117 handle but this says we could possibly get another pointer so lower and that doesn't mean it can't go lower than that too because we're down 13 weeks why couldn't it be 14 15 or 16 this is real money folks this is treasury notes and treasury bonds this isn't funny money like the stock market and stuff no way Jose this is real serious money some people have gotten hurt badly in this darn thing you don't hear about them on the news but by golly they have you hear about the stock guys but you don't hear about the notes and bond guys so that's a that's a big thing to remind ourselves as we're watching these things and to take a look at them and I frankly you know I think we're over some type of an event and then hey look this is my two cents worth and if you pay more than two cents you've overpaid I think we're over something a very very and I've said this along there's a black swan a white swan a double swan a flock of swans maybe no swans at all but I think something's out there that's going to shake us up I thought the treasury notes and treasury bonds were giving an indication of that and I thought they were maybe they are maybe they're not but the stock market certainly doesn't care not the U.S. stock market look how straggling you got the 700 point rally and the British pound with the bonds down a point and a half and notes in the sewer I mean hello operator they don't care about that kind of stuff and that's the thing that you got to do trade what you see not what you think so I'll be watching that one 16 layer area in the bonds just like I was doing the notes but the way you enter is just the way I thought you should probably do it today go to a five minute chart watch for the 382 or an ABCD whatever you get if you get the 382 first take it if you get the ABCD take it because those are two patterns that will be on your side about 65 percent of the time and that's about all you can do I wanted to share with you the German DAX because this market has been already did that this is the the British pound the UK chart this is the footsie sorry sorry folks I had some really bad news about an hour ago and I wasn't even going to do the show today but Paul is my guest my good friend Eddie this will probably be his last day they rabbis with him and it doesn't look good anyway we'll be right back with Paul at Tomasini web Douglas 877-927-6648 if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets news subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning I publish the gold report with coverage of gold silver bonds the XAU HUI GDX as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today tfnn is excited about our new software charting program the art of timing the trade charts in collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has programmed an outstanding piece of software that will complement any trader's methodology using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleys abc's 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 sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors 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 we're back folks and i believe we have paula tomasini web on the line paula how are you good how are you larry pretty good i had a phone call today from one of your presidents of one of your fan clubs and that's jim 20 money said to say hi to you so i thought i was just thinking about him a couple weeks ago yeah he's going to be my guest next uh wednesday he's going to come on i think he comes on once a year but uh oh that's nice yeah it is he's still living there in uh morrow bay california enjoying the weather out there and stuff so what do you have for us today pt well um you know everything's kind of amping up with the politics and stuff and i know it's kind of wreaking havoc with the markets and a lot of traders approach to the markets so you know one of the things i just want to remind all of you out there is that now more than ever you know all traders including myself um we have to learn how to truly think for ourselves like we can't we can't really afford to listen to the crowd you just have to listen to yourself now i'm not talking about analysis here or anything that larry does because you should listen to larry because he's the best um i mean truly i wouldn't be on a show otherwise um but um i'm talking about how you think about yourself as a trader and how you think what the markets may give you in profit so you got to go back to the basics a little bit because right now we are in the new age of trading psychology and my new books coming out and probably by the end of the year on this very subject it's taking it really a lot further and but in the meantime ask ask yourself what does being a trader mean today mean to me today not what it might have been last year two years ago ten years ago what is your definition of being a trader a lot and the reason i bring this up is because a lot of traders that come to me for coaching they can't even answer those two questions because they haven't updated their definition in a while and certainly usually not before the pandemic you know we all got into trading to make more money than we ever have but um i'd say about 80 of all traders i work with when they'll say when they're asked at a party what they do they won't admit they're a trader because they haven't achieved their goals as a trader so by avoiding the discussion about what they do then they mentally negate their own trading goals and cannot achieve that level of financial freedom so take a few moments and ask yourself those questions just refine redefine who you are as a trader today and you'll be surprised at what you find because when you do that you'll find out just how far you've come and that's a good thing and you'll have more clarity of purpose and more focus on your financial reward and again that's a good thing so step into the new age of trading psychology and call me as always for your free coaching session today well or any other day tell us about the book who's gonna publish it for you are you gonna self publish it because i know publishing through a publishing firm anymore is not not very lucrative yeah yeah yeah anybody who's thinking about publishing don't go to the big boards don't go to any boards just do it on amazon seriously they have hardcover books now available um it's print on demand it doesn't cost you anything but your time and um it's it's really i have never had one problem with amazon and any any type of royalties statement so um i can't say enough about that so um the new book's going to be called the cicatious trader um and we're going to pick up where the complete trader left off and just delve more into this for today's markets and today's world events and it's it's going to be a super book and i'm really excited about it and um larry you'll get the first signed copy i hope so anyway i wish somebody else was here to sign it to but that's not going to happen i know listen he keep i'm still missing him every day anyway i wanted to ask you one other question and that is we'll have you on uh when the book book is ready to publish so we'll give you a little bit of a heads up on that so we can let the folks know how they can order it and stuff okay okay cool okay well listen thanks for joining us today dear and we will uh be in touch i guess as always i'll try to call you three times a week like i usually do but anyway give give 20 minute call he'd love to hear from you okay okay sounds good okay all right hope to hear from you all okay thank you paula web folks uh marx widow and uh gee she was the most responsible for writing that book as mark had put the words down because she proofread every word and every page of every book i mean it was amazing how close they were and if there were ever a couple that was uh you know really born to be together hey we've got a caller coming in holy cow how did someone get through today my god i thought the boards and stand from san francisco what's up dan hi larry how are you my friend uh pretty good thanks for all your calls out uh have been following you a lot and then i did follow the treasury notes along i'm still holding uh i did not get stopped out yet so my question is that what would be our target should i still hold it that's why i don't know my question then this is the question is uh i've been uh along this tvt since 2022 january in my eye i've been out of stocks from your notes and is it the time to get into stocks or into tlp well the answer to your first question is is on the the treasury notes themselves if you didn't get stopped out put your stop right below today's low let's be 10824 i believe 10822 now if this is really good and it's a real bottom down this thing's going to scream it's going to scare you how much it's going to give you because people are really really short this thing i mean you know it's been down for six that's what 13 weeks that's in itself is what's looking at uh for what we're watching right now so be very very careful you don't let it get below that low today because there was a lot of volume done today something big has happened in all these markets not just that but all these markets so just put your stop there and then you're going to be basically in a very very small risk and if it goes it's going to scare you how much it's going to give you let me give you just a tiny little bit of advice here dad okay and listen to me really closely when you think it's time to take profits probably you should buy more i know it's hard to do but that's how tom who guard amasses millions when you think it's time to take a profit he goes in he buys more that's how he does it but all i'm saying is when you think it's time to take a profit just think about it a little bit about what i said here and maybe wait just one day or half an hour or an hour whatever it takes because if this market turns like i think it could it's going to really go like a stripe of deer off across the forest so i'd watch that very very closely okay now you had a question you had a second question about tgt that's target no no it's a tbt tbt okay yeah now the tbt that that that has been going down right yeah i know it's a tbt it's the opposite of pld okay all right well that's that's the same thing put your stop in and then let it go you don't know where it's going to go this could be a monster move it really good no question about it very without any trouble at all okay last question was investment advice like right now all my i had a position for in cash so it's time to get into stock markets no or something else no wait till the stock if you see the s and p close above 38 40 where 37 50 37 48 or something like whatever it is not 37 and change if we close above 38 40 then you can go in and buy stocks but until we get above that 38 2 level i don't think you should go into stocks that's my two cents worth and believe me i've been buried since january 4th and uh you know i that's all i can tell you if it gets above 38 40 then i'll say well we're probably going to go higher and believe me the news that's out there as bad as it is everywhere it's nothing like it was back in 08 and 09 when the bottom was made you remember that one yeah okay just remember those t-bills or t-notes if they go let them go you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal chapman in your inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information paper whites investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future david white has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trigger they delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only 37 in 50 cents sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk-free today with our 30-day money back guarantee tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear ETFs visit direction investments dot com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz okay this next chart folks is a four-hour chart on gold do you wonder why i teach well this is the reason because when i get charts like this from folks that really warms my heart you can see the beautiful abcd down here at the bottom at 1620 and of course we moved here now notice the red line that is right there now that's where in the newsletter well written by john jameson is when we got above that level that would most probably tell you we're getting ready to go a little bit at least higher and the reason why is that we've exceeded the last 382 retracement in a downtrend that's two ways of looking at the 382 giving it double double whammy is where it's going to go now how high is this going to go i don't know you know the last one we had something like this you see we rallied all the way up to here that was way over a hundred dollars an ounce so you know we're already up 35 an ounce and just a matter of a few hours so this thing could go you know a long way folks this is a really big day today i mean this is uh you know the 21st this is the 21st of October we've got that lunar eclipse coming up here when is it it's going to be uh no the solar eclipse is coming up here no i think it's a lunar eclipse on the on the 25th i have to double yeah it's a lunar eclipse i believe nope it's a solar eclipse god i'm not even sure i better double check i think it's a lunar but i'm not sure i'll ask mr shane's millionaire uh tim boss star nor winsky who nor winsky will be our guest on monday 20 that's what we're what that's what we're watching here in the gold market today i could see what was happening in the currencies that to me was really easy because really had my thumb on the button for the pound and also for the euro because they were acting so friendly in the in the midst of really really bad news i mean there was nothing you'd think that the british pound you know loot though the worst uh not the worst but the shortest prime minister prime minister that they've had in uh what uh was eight thousand and seventeen uh 40 24 in uh 2000 and 22 years going back to 1066 the battle of hastings but look at this you've got tremendously bad news here and the market is reacting and this is what i mentioned yesterday about read that book reminiscences of a stock operator by edwin lafever born look at this absolutely beautiful right down in here so anyway one of the advantages of reading that book is it gives you an idea of what happened back in the 20s because nothing's really changed since that time and you'll you'll be able to really understand that it's these bars that prices are going up they're not lying to you but if prices are going down they could be lying to you you know i'm saying is watch the price of the bar if prices are going up there's more buyers if prices are going down there's more sellers you know that's the you know that's the the main thing to uh to remind ourselves of what we're doing here uh today i have a uh my very favorite while i have so many i'm gonna do a tribute to eddie horowitz just as soon as uh i'll tell you just how important eddie horowitz was in the los angeles area when i first met him he was living in the same building as uh peter elides there on kohanga boulevard in hollywood there's a brand new condo they were on the top floor three stories of course but it was a beautiful beautiful place and uh i used to go up there and study the charts with eddie and meet with peter and stuff like this but eddie's secretary was uh michelle matribombo matibombo i can't remember the exact spelling it was j cross wife and j married michelle and uh j was uh from a cotton farmer down in memphis and of course they from a high society los angeles uh family and they did the family didn't didn't like j because he was not of their class but boy he made a lot of money and that's the main thing and he was happy and had a good family and everything but unfortunately the pressure got too great and they got divorced and you know anyway but anyway michelle was uh his wife and she was uh belong with uh eddie's secretary but one day i was in eddie's office there uh in his in his business he had an office there and also an office at hayden stone he knew um oh my gosh i can't remember the guy namus hostage did her really well so that was one of the reasons why i got a commodity corporation but there were there were uncashed checks in his on the top of his dresser drawer for 30 000 28 000 19 000 i mean there must have been 100 grand worth of uncashed checks and he said he hadn't had a chance to go to the bank yet that's that's what a player he was you know back in those days but i always remember that quite a bit well today i got news early this morning that the rabbi was uh uh at the home and they were probably this might be the last day for it but he's lived a great life for 84 years i had a wonderful family and i had one other funny he was a bachelor until he was 55 folks he's driving down pico boulevard in los angeles one of the big boulevards it's one o'clock in the morning and he sees this girl going the other way and he sees her and he makes a u-turn and he follows her and she's realized she's being followed so she stops in a ship's coffee house they don't have them anymore but she runs in and she sets down and he walks in and she's she's really panicked and he says no look no look i just wanted to meet you i passed you and i thought i was supposed to by god the year later they were married on october the 18th of 1987 that was 1987 in september of 86 and a year later they got married and they've been married for 35 years ever since now if you think that's not the trading gods you see someone at one o'clock in the morning going the wrong way i mean holy cow my question to any what was you doing at one o'clock in the morning for god's sake you're a trader anyway there uh that anyway that's neither here nor there i'll share a when i when i get to the point where we get to these uh people that i've met in my past i've got to share because i'm not going to write a book about it stuff it's i just don't have the energy anymore but uh we will have 20 minutes on the line here on wednesday and he's gonna we're gonna go over he's gonna go over his history where he came from we we had an argument we had a discussion about when we met he thought it was 1970 i thought it was 68 so neither one of us is probably right but it was at conty commodities i read uh across the street at uh oh the era it's Clayton commodities and then later on he went over to in 68 that's why i think it was earlier in 68 he went to work at conty commodity with Roy facile so Jim will tell us some about his store stories of astrology and some of the other things that he's going to be going through and everything we went to commodity we traded commodity corporation together and so it'll be a lot of fun to some of the harmonic numbers and he's done a lot of a lot of work that he shared with me through the years and he was certainly instrumental in the neural net that i was looking at at the time well we're really smoking now we got the dow Jones up almost what 700 points today shut the front door we're smashing new records here and the naztac just broke up above the next level too so we're going to close like a really good one today boys and girls so get ready they're going to be rocking and rolling that's for sure that's uh really going to be a big one so that's it we got a break coming up here i hope because i need uh survival mode today folks i'm just barely hanging on today i'm going to have a good tear jerking cry when we get done here because uh i lost a good going to lose a good friend here the next day or so and i don't want to do that i've lost so many recently and uh but this guy was he's really special anyway well they're all special some some of them may be more special than others okay let's get back here we'll talk about the markets here we got a break coming up we're breaking out the new high grounds in the dow Jones again and it is just screaming and we should get another at least another 150 point handle on it and stuff like that i would think so we'll see you know what happens but we broke above the 78 percent level now in the naztac we're just about ready to do it in the s and p here at 37 46 and we're there right now and it should be popping through by the thing by the boom very very shortly there we know there we did it right now so we just went above the 78 percent level which was the high we made yesterday before we dropped if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try tomyo brian delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com tfnn educating investors 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 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the year there's no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv okay folks here's where we were yesterday we rallied up here to the 61 percent retracement we came down we made the abcd i've already posted that chart and that means if we clear this we've just hit the uh just took out this high by just a little bit remember we came all the way down here now we went back to that high again and that's very important so if we clear above here above this 3,800 levels that means that there's uh you know it's going to be pretty hard to be bearish the stock market given all the negativity and the market wants to go higher you can't you can't stand in front of that freight train folks there your the first key was today and we made that you know abcd down here at the bottom today and look how we're coming back i mean that's a it's a sign of a great deal of bullishness now maybe it's a trap i don't know we've seen traps before but uh that's neither here nor there but the key level to watch is if we close above that 3802 level uh in the s and p then i just don't understand how anybody could be bearish in there and i and i'm bearish i'm short term you know maybe this will be the abcd again but you know you don't want to you don't want to stand in front of it i've been bearish for a long time my new sunday night sunday night was the key to me because if you look back here and i'll bring this up again to show you how important that little son of a gun was that was the one that really was important we'll get that up here and there's where we were sunday night right back here and then we had this run all the way up here and then down and this is where we were today now we're right back to this level right here we got a close above this level right here we close above that level then say yep this thing is going to go on its way so that's the main thing so live every day in an attitude of gratitude and may god bless say prayers for my good friend fast eddie and uh we'll see you on the flip side on monday with norm winsky of astro trends out of naples florida may god bless boys and girls we'll see you on monday