 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good Louis Stan Harley will be our guest today at the break tomorrow will be None other than Tim Bost and that will end up the week folks I posted a chart in here from a house that was built 80 years ago in London the lady found a newspaper with a picture of the ad and It was really amazing now You want to guess what that you know, I'm gonna you wouldn't believe what the house would be worth now You're talking seven figures minimum, but the house when it's originally sold 80 years ago for 695 pounds now remember 80 years ago the pound was probably Six or seven maybe ten dollars, so you're talking about six thousand US dollars So anyway, that's what you're looking at here with that wild markets folks I'll go into some of this first of all I wanted to cover the the markets here that we're looking at here in the In the European markets You'll notice here the first one that we're going to take a look at here is the footsie And of course we've been really really strong This was why we were so strong in the middle of the night when the dial was you know up about 250 it dropped to be down 50 right before the opening and it gapped a 150 points on the opening the index did which you just don't see that very often and that took the S&P Up quite a bit. I'll go into that a little bit later But we'll look here the next one is the German Dax and of course they have this election coming up over there And it's going to be pretty much You know that is what we're looking at here. That's that's what we're looking at here on this thing So you can see you know, this is still a downtrend We haven't reached we might have reached that price objective in the Dax But there's a German election if that goes badly, you know, God only knows folks Let me let me I try to help you the best I can here You know these patterns get a little boring but we have a I have a really good student up in Canada Mike Mike Yeah, I hope you're listening buddy because I want to give you a ten cents worth of my experience I asked me a question about the Russian stocks and the European stocks and and all these other stocks that are They're involved in the European countries. The problem is Mike I can't follow that stuff for two reasons one is too hard for me to trade and I have no interested at all So that's my reasoning behind it. I'm sure there's great opportunities But I think that you read too much if but you know, I don't read it all so there's a big difference here This is a perfect example today when you open Bloomberg the biggest news on Bloomberg this morning And I'm talking about though two o'clock in the morning here Tucson time was the explosive bullish move in Evergrande up 17% Folks it went from $2 and 24 cents $2 and 17 cents to $2 and 26 cents I know that's 17% but if you look around the chart you would literally fall over and laugh The second one was that the tapering had been moved back from 2030 2023 as reported yesterday to November and that that also was was BS I mean, that's amazing when I started looking at these markets back in 1960 and 61 I would go into dr. Noblett's office and I would look at his His charts up on the wall and everything and I'd look at the Wall Street Journal and you know where the Wall Street Journal was It was in the bottom of Oscars cage. He had a parrot a white parrot Well, I guess yeah, so no was a parrot wasn't a cockatoo It was a white parrot that talked pretty good And anyway, he would use the Wall Street Journal for the lining of the thing He got the Wall Street Journal free because of being at the college so University anyway That's neither here nor there. This is why I'm a technician is listening to that stuff But when we well we did last night and I have to go over this because people have been asked me about a room all morning long We had a perfect ABCD pattern. I'm gonna show it to you right here. This is where I did I put the order in long before it took off. You'll be able to see here We went right up to 44 20 the high was 44 21 We broke all the way down to 43 95 when we broke 4400 on the downside I sent out a special about 20 minutes before it had well half hour So before it happened to put to stop it break even and I had no I had no idea that it was going to do that I really didn't I mean people said how did you know I didn't the only thing I did do is people skype means a well great trade great trade great trade and that means about as much as you know a snowball in the middle of July But I I said no that you I just put my stop at break even we've had a really good run We you know some of the folks we've been talking to you know been shorting the bonds. We've been telling everybody here I didn't put it into the the 24-7 because they had too much other stuff off We had a great two moves in the euro, which was great a fabulous trade in gold We sold gold. Let's just bring this up here. We had a beautiful 1 3 5 pattern in the gold did the same thing with the Gold I moved my stop down a little bit too much But you can see here we're having a pretty good break and folks I I think I've got a handle on the gold market Thanks to one of our friends down in South Africa has showed me a chart that I just absolutely Couldn't believe on the relationship between a gold and something else And I'm going to be doing some work on that because I think we're setting up for a really good buy in the gold market We might even take out that 1670 level And if we do that's what we'll be looking for To be watching it. So that's what we're watching But the reason why I wanted to show you this e-mini chart to get back to it is because of the fact that where we stopped This is the reason why I put that order in is because where we stopped It was exactly a 382 of the low we made after the Fed which was down there at 43 75 I have my my limit minders come on to tell me that that's it and hit that and it bounced and soon as it did That I sent it out. Fortunately, everybody got it. It was a break-even trade I know it's like kissing your sister, but if your sister is good looking like mine It might not be a bad idea But anyway, I personally think that we are still going down and we're going to take out this low at 4296 and we'll find that out But I just want to give you my two cents of why we're looking at that now I try to as we look by the way open that big run up yesterday in the S&P and the Dow up of Almost 500 points or whatever it was the open interest dropped in all of those futures contracts folks That's not a bullish sign. There's no new buying coming in. It's just short-covering and So that's it, you know just the way we're looking at it So we have to pay attention to that the reason why if you remember on the bonds I told you or suggested to you when we were looking at the notes and the bonds at the same time Is the fact that we've got that really strong support line down here. We're setting on it right now folks I haven't updated the chart this morning But that Treasury note is setting right there anything lower today if the if the Treasury bonds go blow 162, oh, that's gonna be that's gonna be a problem. See and it's gonna go below one 162 folks because there's no way that they could possibly pay for all this stuff Except to bring out Treasury bonds at a higher interest rates, you know to to suck people in Oh, I got to have that interest rates and remember the quote from Bernard Baruch. Don't be Concerned on the return on your money be concerned on the return of your money And that's the exact opposite of what our Treasury is going to be feeding us Just like they did when they tried to tell us that Tapioca City ie Negative interest rates were a foregone conclusion. Now here. We are a year later. Duh Hello, where are we here and you wonder why I'm a technician shut the front door and raise the rent Well, we will have some good ideas from Stan Harley, of course We've got some other things to cover here when we get back eight seven seven nine two seven six six four eight Can rise and fall like the tides Subscribe to Basil Chapman's newsletter the opening call and you too can ride the wave Basil Chapman is an authority in technical analysis His Chapman wave trading system has been helping traders identify trends and capitalize on momentum in the markets since 1984 TFNN invites you to test Basil's proprietary Chapman wave trading methodology with a monthly subscription To the opening call newsletter for only $149 Your subscription to the opening call comes with a 30-day money-back guarantee as well as daily market updates on key indexes stocks and commodities Ride the wave sign up for the opening call risk-free today What's separating you from the most successful men and women on Wall Street? 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Are you there? You're Larry. How are you? Look living the dream, baby. What can I help you with excellent? Well, first of all, I love the show and I guess you have it or whatnot. It's fantastic but um calling is that um Two cyclical analysts that I follow we're looking for a turn a top in early September, which here's we got And ideally a low around the 17th 20th of September But they're looking for another turn down ideally in the in the mid-november um Ideally directional change the week of October 4th, but they have noted a Possibility of many stocks topping around the 27th 28th Which I find interesting with mercury going retrograde about the same time But I'm calling them curious with the S&P from a feminazi standpoint Maybe some targets you have to maybe look to go back either along the VIX or shorting the market again Well, I will tell you this I'll just post up the chart that I'm looking at right now It's pretty close to being pretty much spot on From where it was, but you'll notice here that we we exceeded the 382 retracement. We made a perfect ABCD And then we backed off We backed off quite a bit actually bucked off 25 handles and then we went 35 handles up to 44 45 And I someone said that's where the 50 day moving average is which you know, I don't count that at all But that is a three drive to a top pattern any move above 44 60 We'll tell us we might be making new highs and if we do rob The only way you're going to reach me is by email because I am going to call it quits. It's time for the old cowboy to No, I'm serious. Hey, bubba. I'm serious If this thing I've been saying that every year fortunately each time they catch me But I've retired 56 times in my 60 year career But I really believe that we're not going to make a new high all we're seeing now is explosive moves Volatility like we haven't seen in a long time and I've been screaming that for a long time So this surprised me today because believe me. I I sold it right at the high at 40 44 20 the high was 44 21 it dropped 25 handles And I was starting to get Skype messages from people saying great trade great trade I said, uh-oh And I said I know what to do with this one So I put my stop at break even and by golly in about an hour later I couldn't believe it when I heard the beeper go off. I wasn't even watching the machine at the time And the dow opened 180 higher and jumped 400 points and that was history. So I believe I believe we're topping today. That's uh, I think this should be the top today. We'll go down make new lows Isn't it the 27th around there mercury does go retrograde into I think October? Yeah, I believe that We're going to have norm winski on probably next week and he'll go over that with us But uh, yes, I believe it is around that time. I don't follow it They and shane's million follows it quite a bit and you know, we'll have tim boss on tomorrow I caught it. He reference sitting about a week ago. Sure. Yeah, that's where I first heard that though. Sure. Um, yeah, correct Yeah, and you want to call in tomorrow tim if you're gonna able to get through you might start calling about an hour early I suggest And you might be able to see Larry you do a great job. You really do. But I have I have Thank you as always though. I appreciate it. Hey, thanks, Bob Keep leaving the stream. Yeah, you bet. Get ready for winter. It's due tomorrow over there in michigan Okay, let's take a look at this uh s and p chart one more time and you'll see that's what I was talking about The fact that it's up there and I'm serious folks. I really don't believe it's going to make a new high We're just seeing tremendous volatility And if you look at the you know advanced decline line and all the other stuff That's pretty much it and that's the way, you know, that's the way this has been the greatest bull market of all time You think it's going to give up easily? Hello federal, you know, look where we stopped at 42 96 that was 42 93 That was one standard deviation down standing exactly at the 78 percent retracement. My goodness And you know what's what's hilarious about this is that when it was at that day right there john James's was telling me he said, you know, if it makes an abcd offer this pattern here It measures to exactly what we were looking for with those four targets at 46 13 and Hey, believe me. It could do it any marketing and go up 50 60 points a day like this one for whatever reason I mean, it could possibly make 46 13 if it does I'll be surprised and I'll be uh, well, I I won't stand in front of it. Let's just put it that way Okay The next one I wanted to mention to you is about the euro because if you remember we were talking about this pattern Just the other day that it was supposed to make an abcd pattern up there at 17 78 That was the high after the fed came in it hit that went down and make all new lows Now folks the euro is one of the reasons the gentleman over in Cross the pond over there that was talking to me about this Is is one of the reasons what what's operating the gold market because there's a tremendous correlation That he showed me not the normal Correlations you look at but after I do some research on that I will share it with you folks in here because Gosh, it's really clear that it looks like gold wants to go down Maybe one more time below the 17 70 level and then excuse me 16 70 level wiping everybody out And then get ready for you know, something really spectacular But they have to it has to all fit together and so far it it hasn't really done that at all We've had a minor bottom formed here in the natural gas those of you that have been looking at that When we got down to that 470 level yesterday, if you go back and look at the charts You'll see that that was a 78 percent retracement Of that last low that we had and we've had a really nice two two-point move in the 12 actually $2,000 move in the natural gas today if you were watching I don't trade that very often But I but I was watching it, you know quite a bit to take a look at it Let me show you why this thing is so crazy because when you get this is the dow Jones industrial average as of last night And you'll notice here that it stopped at the 382 yesterday and then today it looked I mean it was all set to really just have a two-day rally in a bear market and it just gapped up And once it went through that 382 there, which is at 3440 up about 100 What's in effect it opened 150 higher? I think something like that very close and boom I mean it just took off and you know just ran like heck I don't know if the dow Jones industrial average itself made 348 60 But if someone'd be so kind to tell me that I'd like to know If it made that 61 percent retracement to see if it's going to do that we've got Stan Harley as I guess if you got it if you have a chance to call in it's 877 927 6648 and I highly suggest that you start calling in real early Because you know it's hard to get through and but when you can it's certainly nice to hear folks from all over the country and That's what we'd like to hear you doing those of you that are seeing me here on the the video I actually This is my office that little painting back there that big oil painting is the one I always talk about that I was given as a gift back in 1976 when I was at Drexel and that's the highlight of what I look at and It's he who knows not what he risks risk all is what it says in that little red ribbon here The high is 34. Hey, it made the 61 retracement. Thank you, Dan By golly. Thank you, basil. That's a basil not basil basil is what you put in sauce Hey, sorry, sorry my friend. Anyway, but that I think that was the exact 61 retracement as I as I live and breathe. No, I think it was off by just a tiny bit. Let's uh, let's look at that again One more time here. It was uh, the the 618 was at 348 60. So it was within a couple ticks 877 927 648 Stand harley. We'll be right back Are you having fun trading the markets But having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with the sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30 day money back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30 day money back guarantee for new subscribers As well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live financial content From 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor you were born to be tfnn educating investors 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 guardleaf 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 going to 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, we're back folks and I believe we have stan harley on the line of harley stock market letters. Are you there stan? Hello, larry. I am indeed That's not a good sign That is not a good sign. I thought we had stan on the line, but it doesn't look like we have so let's just Keep talking and see if we can find out where stan is. He said he was coming on and I've got his charts Let me know when he Stan harley. How are you my friend? I'm just doing awesome. Am I coming through loud and clear Perfect. Perfect. I wanted to thank you for sending me the information about richard mogie Passing away because I I was very I liked him very much and done a lot of work with he and steven busch over the years When they were at the foundation and I I know you knew him well So he was a really a stand-up guy and he was young too. Gee I And he died of coven. I understand so that was uh, that's actually that I think it's a second person that I actually knew that has died of that disease But he had a few underlying things that he had been bothered with but uh, why don't you tell us what you're looking at today stan? These markets are so boring and unvolatile. What? Anything you can tell us Well, absolutely. Uh, if we've got the first chart, perhaps we can pull that out Yeah, we do. We had the first one up. I think without any trouble at all I've got it. That's the one on the uh, I believe it's the fibonacci Uh weekly time count that you're looking at Yes, indeed Larry, uh, it's my belief that the market is in a corrective process right now Okay And uh We're we're heading south. We're in a little snapback right now Perhaps a three-day snap Mm-hmm Uh, I will work and I'm looking for a long vicinity of october the fifth Plus or minus and then we might have a retest in mid november uh, but we we had a uh a progressive topping evolution And uh, what we saw is the saw the dow transports which are frequently the first to top out in an intermediate cycle They topped out back on may the 10th Then the down industrialist picked it out on august 16th The s&p in the new york comp topped on september 2nd And then lastly the nasdaq comp topped out on september the 7th And we're in the process of trending lower Um, we had a low on monday. That was uh about a 21 day cycle low a 20 21 day cycle low But I don't believe that was the the low point in the downtrend I think we've got some more work to do on the downside. I think today I share your view on this larry I think we're probably topping later today And I think this thing stalls out and then we resumed the downtrend And uh, and I heard one of your callers. I believe the gentleman's name was bob was looking Had a target for a turning point to the city of october the fourth. I do as well I think that's going to be a low so we'll see the The weekly chart. This is not the weekly chart we have on the screen. This is the futures by the way But the the weekly chart that I sent you shows the cycles the dominant low to low cycles Going back for the last five years and they are all fibonacci related to the number 40 There's some math that goes on behind it with which is a little bit lengthy. So I won't go into that now but uh, but 40 With a 1.2 3 6 and a 1.6 1 8 application tends to define the dominant weekly cycles on the charts Um, and I believe we're turning lower Okay, what else can I say about uh a trending lower? Uh vision. Well, let's look at the second chart larry Okay, and what this is is a plot of what I call price velocity Some people might call it rate of change or momentum I'm an engineer by training. So I call it price velocity It essentially measures the the speedometer of the s&p 500 on a weekly basis. I look back uh seven weeks 14 weeks and uh In 21 weeks And this gives me a pretty good pretty good sense of uh of of what the the trend is is doing and As those dots show they are still headed south and this info is current as of about 30 minutes ago and those dots those red dots the green dots and the blue dots will have to turn up Uh to indicate that the cycle low is in place That has not happened yet. Um, okay, so, um I I think we have some more downside work to do Okay, now we have a question for one of our listeners here in the den and that is uh, do you use any Fundamental analysis at all No, I don't larry. I'm a technician 100% technician I mean, I follow the news. I follow political events. I watch the news every day I have either cnbc or fox or bloomberg running in the background so i'm Very mindful of what goes on But does it uh, does it have any impact on my expectations were up for what? I believe the market is likely to do the short and the long answer together and oh, no, I'm a 100% technician Okay, that's what I want to know because I'm in the same camp as you I I watched some of this stuff today They were telling me about this explosive move and ever ever grand and stuff, you know And someone our friend roman over in the uk or over in, uh, hong kong told us that it was not 2.7. It's actually hong kong dollars. So it was basically 13 cents And I think the total value of the thing is only 34 cents So I mean it was really it was just basically insignificant But you see this stuff all the time and there's always, you know That's how they make their money is having the pundits on just like you and I are doing right now stan But we do it with technical stuff. So it makes a little bit difference We have one other question before we go on to the final chart here And that is do you see anything in the charts that would indicate there would be a crash scenario coming This is our question from someone in uh, actually that is from nevada. Someone's asking me that question No, I don't No, those strong Down moves are usually associated with monthly cycles that span between 49 months and 80 months And we're not there yet And I don't think we're at a major top yet. Although I think we are in a decline right now This is what I call a a 34 week cycle decline. It's expanded a little bit But nominally the the intermediate cycle I have found is about 34 weeks eight months bottom to bottom This one's probably going to expand to 12 possibly 13, you know 1.618 expansion But but no a major top I believe you have to come. I think it probably occurs in early 2023 And then that's the one that's that's the one more shut the door or what is it? What did you say? Shut the door and razor That's one of those kinds of tops. So where you close the door? Yeah, but we're not there yet Just and when the daily chart comes up, we can we can amplify on that But I'm seeing a pattern here that's worthy of of a scrutiny under a microscope um that Indicates that the s&p the market is measured by the s&p is essentially filling the gap it snapped back up to the 50 day moving average which was formally support Now resistance because we're trading underneath it And the 15 day moving average is coming downhill. We're basically nudged right against that And it has a downward slope. So I think we're still out right in here Three day counter trend moves are fairly common. Sometimes they can be four. Sometimes that can be five But three is the most common. I think we're still out here later today could possibly carry in tomorrow But I think very very shortly. I think the downtrend will resume what I would like to see Is uh when this thing is done if we get down and tag the 200 Okay, that's that 41 listen. Thanks for joining us my friend. We'll have you on around the fourth or fifth of October. Okay I look forward to it. Thank you. You put it on the calendar. Thank you so much stan Harley stock market letter folks stan harley Are you having fun trading the markets? But having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with the sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market And if you're already making money off the stock market, you could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures Currencies or options you'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers as well as tfnn's tiger den trading room trading software and educational webinars for all trading levels and make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live financial content from 8 30 a.m. To 4 p.m. Eastern on market days stop watching on the sidelines while other people get rich and become the investor You were born to be tfnn educating investors 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 gartleys 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 going to 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, we're back folks and we had a question about coffee There was a big report that came out A few days ago saying that the uh supplies of coffee were going to be You know hurt for quite a while because of a freeze or whatever it was that they had down in brazil Um, but as you can see here the market sold off and stayed low for a couple of days And then when the news was over it started moving up yesterday and today So they're a perfect example again of you know, the news is following the trend So pay close attention to that stuff Another request that we had was to take a look at the december cattle Because we were watching this at the 382 retracement here just the other day I'll cover bonds in just a minute folks. I know several people have a question on that and I'll do that after You'll notice here on december cattle. We had the big down move We had the one day rally right to the 382, you know backed off another five cents and now we're in this trading range I assume we're getting ready to make a little abcd pattern just back up to near that 382 level one more time So let's take a quick look at the bonds. We're going to look here at the notes Uh, because you know what I should do let's just do that since I am on the show here And we can bring this chart up for to see it where we are By the way, we should be topping in the s and p right now based on a little bit of wild guess Let's move up here to the uh, ty. Where are you ty ty ty ty ty is right after the old ty. Okay, there we go Oh, boy, this was I talking about this or what shut the front door and raise a rent by the way folks that's that uh, that uh Saying comes from a movie support your local sheriff with uh cleavon little and james garner and uh that was he was the sheriff Anyway, let's get this up here so you can see this. This is absolutely you can see where we are We have the proverbial moment of truth here in this treasury note This is the one, you know, we were talking about it getting to that point and you can see that's where we are right now And so that's why we were paying close attention to that. We've gone from 135 down to 132 That's equivalent to six points in the bonds And so that's what we're watching. This is why it's so very very important here It's a 135 pattern any move below 132 half a point lower And that's going to be awfully awfully negative now Let's just uh play the devil's advocate here and we'll take a look at the treasury bonds and you're going to see Voila the same thing and you'll get this up here so we can take a quick look at it here And then you'll see what i'm talking about here with the bonds So that we're watching it very looking at the same thing here is the bond move And as you can see it right here Tucker, I will try to I will try to do the uh, well, I will do it. I will do the oil after we're done here with the bonds There's your there's your bonds. We had the 135 pattern You know, they had a beautiful abcd right into the fed time at that 64 15 level If you looked at that on a on a hourly basis, you would have been able to see Uh, just a lovely three eight two pattern and then by the bing by the boom and down you go And we're a major support. Let's just update this right now because We are a flat out major support here in the bonds just like we are in the notes folks The notes is a little easier because the notes are taking out the lows of uh, September by quite a bit But the bonds aren't that's a very important thing to look at. So here is what we're looking at. There's your Well, you don't see it yet, but you will send your money in and you'll get it Here's your hourly chart on the bonds. You're making the abcd pattern right here now Remember you go back to September 7th. We have already broken down below that September 7th by a lot Let's just look at that again here uh with the uh With with the the treasury notes. So you'll see that this is a big day folks This is a huge day whether this has anything to do with the stock market stuff You know, I'm not sure but you know what nobody else is either. So that's the good part This is very important I think it's going to hold here in the notes because it looks like the bonds might be holding But anything below this 132 level in the notes is uh sets up an abcd down into You know high interest rate area and that's going to be another interesting thing to Pay close attention to as we watch some of these things. So Okay, any questions 877-927-6648 and we'll be happy to answer any questions That we can and if we don't know the answers, we'll make something up. That sounds pretty good All right, one other question some was asking about is the old slippery black gold None other known to you as the crude oil market and i'm trying to find it in the old Because I shorted some today and i'm just barely hanging on hold on one second We'll get this daily up here and we'll see here where we are. There we go Hold on one second. I'll get this up here. We are ready to get up to the 78 percent level folks We are within a heartbeat Of what I think will be a very interesting trade And that's going to get us up here to our trading at 73 36 right now in the november And I think it's going to get about another 50 pips higher up there at the 73 70 level and from that level, I think we'll see a pretty good correction the pullback that we had Just a few days ago. It was an exact 61 retracement down there at 69 60 if you'd have done a Just a simple, you know garterly pattern on that you would have been able in fact, I've got it I've got it up here right now I'll just draw it in so where you can see it, you know, I don't have to draw it in you guys are smarter Not to figure that out. You'll see the exact low was exactly 61 percent at 69 43 that was the exact low and you can see we took off Uh, we had virtually no correction on the way up that little a little burp that we had yesterday was Not even close to a 382 retracement. So this is interesting because we're getting up to that 786 on the daily. So I hope that Gives you some information because if we get about that you can be looking at higher prices in the crude oil market, which would be Little counter thinking to what i'm thinking at but you know, they don't always Listen to what I have to say So that's pretty much it Okay now one other question someone asked and that is about we've done We've did the crude oil and the other question they had was about mr. Appel who's down by the well Just a minute. We've got that one here for you I I think we're looking at this getting a lot of negative press for some reason I don't know what the reason is but we'll get this hourly chart up here and see what we've done so far today And uh, oh, I see a couple of big big numbers that we're looking at. Oh, look at this Yeah, we're here right in the old ballpark here. Let's get this up here. You'll see the apple is only making a Nke bow. I'm going to do nke for you and I will do that before the break comes up. There's the apple you can see Oh, I hope I got now. Yeah, I do have Nike But it's made a 382 off the high folks that was today's high And uh, it was spot on look at this. I just put it in here There there's your there's your 32 percent retracement was the high of the day today in apple at 147 50 It was a 78 percent retracement of the high on the 17th And it was the 61 percent from the high on the 14th So if you like fibonacci numbers, that'll do it for you and I'm going to have a break here pretty soon But let me get nike up here. I think I have that from a long time ago But again, I up shut the front door and raise the rent I do have it and we'll get this up here. Oh my goodness. This stock has got more gaps than a My report card from the fifth grade. Hold on just a second here. We'll get this up here Well, I'll tell you what let's get this night Well, I'm going to talk about nike when we come back from the break because it's going to take me a second here To actually work on this chart. So let's get this up here And then we will take a look at it to see where we are here I got to get rid of these cycles that are in here for one thing. 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I had to turn the camera off because I was afraid my Memory would I don't know what the reason why I turned it off like just a little a little too much pressure for me To have that video and I don't like looking at I guess I have to train myself to do it You know, and the problem is folks when you're a dead ringer For mitch Buchanan, you know, what are you going to do? I mean, it's just a cross I have to bear Take a look at the Nike chart I don't know much about it But if you look at those three little hash marks that I put in there showing the swings the three-day swings They're all absolutely perfectly the same three days same amount three days same amount three days same amount You think these markets don't repeat folks do a little homework with something like make Nike and you'll be able to see that repetition in there So this is to me and Steve Rhodes just skyped me that looked like it's the Nike was getting ready to go down Because it's a three-day rally every time you've had a three-day rally or the last two It's gone down. So this is the third one. It's either giving you a good chance here Or maybe it's not but you know what your risk is if it's up the fourth day Something is probably wrong. So that's what we want to keep in mind folks Thanks a lot for helping to support the family here in Tucson is a terrible tragedy It was a death in the family Was actually a suicide of a young man And when the mother came in and saw the boy he literally she literally had a stroke and almost died She was been in intensive care for quite some time Father has been unable to work because he's got two little kids to take care of So the whole neighborhood has been helping out And so I thought maybe the folks here with tfn and gosh that they chip in I certainly appreciate it And our good friend Bubba down there in Faraday, Louisiana He said to me on the phone. He said I'll match whatever you guys bring in and believe me He did and it made everybody a whole lot happier So Bubba, we love you and keep those cards and letters coming in when I went down to visit him a couple times He went to school with jimmy swagger Mel till it melt mickey tip mickey gilly and none other than the killer himself You know who he is, baby. We love you talk to you later. See you tomorrow