 The following is a presentation of TFNN. trade what you see with Larry Pezzavento toll-free at 1-877-927-6648 or internationally at 727-445-1044 Now, Larry Pezzavento. Okay, looking good. Billy Ray feeling good, Louis. Let's take a look here at this German Dax. We've got a really nice three-drive pattern. We'll expand on that in just a minute when we look at the NASDAQ. But the next thing we want to take a quick look at here, of course, is the footsie because we're seeing a little three-drive pattern here in the footsie. And remember these numbers up here at 7500 are really long-term Fibonacci numbers. We're not making new highs. The NASDAQ has made a new high this morning, folks. I guess I should cover that first. And then there's something really interesting that's going to be happening here in the next few days that not many people are aware. I certainly wasn't aware of it. And one of our friends here at TFNN dropped me an email showing me what was happening and I'll share that with you in just a minute. But let's take a quick look here at the NASDAQ. We'll just look at it from a daily basis. You'll notice here where you see that ratio up the top where it says 108. That means that it's gone above the highs of September, even though we had that drop from 78 down to 58. We've now made new highs. You'll notice the ABCD pattern from March the 11th to where we are right now. That measures right up to 78, 75. And that was a high so far today. I don't know if that's going to continue that, but this market has had virtually no correction since December the 26th, so it's certainly getting ready for it. Now, we've got an unusual event coming up, folks. I'm going to post it into the room here so you folks can take a look at it. You can test these stuff yourself because I got this. I didn't have a chance to test it to see if it's correct, but the person that sent it to me has always given me good information. So here's what it is. There's potential hazardous market conditionings in the Japanese Golden Week. Japan has an extended spring vacation called the Golden Week from the 27th of April to the 6th of May. This will be the longest market closure since the end of World War II, creating potentially hazardous market conditions due to low volatility and expected cross all markets during Asian hours. Low liquidity, especially during Asian hours, can create extreme flash crashes. Recent examples of these include the 3rd of January, 2019. The Japanese end-cross rate was up 10%. On the 7th of October, the British pound was down 10%. What does it mean? It means cuidado, cuidado, cuidado, amigo. That means be careful, danger, danger. Quidado means danger, so be very, very aware of this between the 27th of April and the 6th of May during the Asian sections. Now what that means is when we're closing in the United States here around 5 p.m., they're waking up over in Japan, and that's where these things can occur. So if you want to be really gutsy, you can put an order in way above or way below the markets, and you might catch one of those falling safes. This cowboy is not interested in that kind of stuff, but it's going to be interesting, so we need to pay attention to it because one of the major, it was the 3rd largest country in the world, and we want a GDP, I mean, economy, so we have to pay attention to that, being closed from, you know, that's what, 10 days, boys and girls. You know, we can't even be closed here for more than 4 days because of the Constitution. We've got to have the banks open within 4 days. The only time that hasn't happened was in 9-11, and I think we extended it out by about 3 days, but that's what we're paying attention to, so that'll be really interesting. Folks, the euro has broken down badly. We've been talking about that for a long time now, and now we're trading actually 100 pips below the 61% retracement now. We're trading at 111.25. This tells us that, you know, we're probably heading down to the minimum of the 108.50 and most probably to the 106 level because the 106 level is that big ABCD pattern, and as you can see here, the time down between the A leg and the B leg and the C leg and the D leg comes in right near the end of April, and what is the end of April? That is between the 27th and May 6th, so maybe there's going to be something really big happening in the currencies at that time. So we'll keep an eye on that, but these currencies have broken down. This means that the US dollar is spiking, which we have been talking about a little bit here. You'll notice here that this is where we were Friday, and then yesterday we posted the update of this, which is up around this night. We're almost at the 98 level already. So in fact, yeah, I think we are. I think we hit it already today, so that is getting up to this level that should be very, very interesting. On the long-term weekly chart, by the way, those of you that receive my videos, I'm very sorry, but the videos are broken. I didn't realize it until about 1.30 in the morning, and I have to, you know, buy a new program because some things happen to the sound quality. Well, it's so weak, I can't, you know, can't get anything done on it. So I'll have to get new videos done today, and then I'll send them out. But we sent those out on the currency markets because they were so very, very important. And we sent it out on the course, the gold and the silver, because they're also very important. And we sent it out on the crude oil. The crude oil market was another one that we looked at. All of those are lining up, you know, very, very interesting. So we'll see here. We'll keep an eye on these as we go through. We've got a big move here in some of these stocks that we talked about this week. Here is the one for Microsoft. Softy is up about 6%. It's trading at 1.31, folks. That is the 1.618 expansion on the weekly chart going back to September. And, you know, we'll see it's going to be real interesting. Oh, this is, there's really, there's some good, good information. Shane Smollion just told me that the CME has some information about the Golden Week in Japan. And that'll be interesting. By the way, hopefully we're going to have Shane on next week. And that'll be very, very exciting. I know you guys have been asking about him for a long time, but he is going to try to get on. He would try to be on yesterday, but little Jackson, Jackson from Disco Tech, his little five-year-old son is, he's got Bronchitis, so he's playing Mr. Mom today. But we'll get Shane on just as soon as he's available, which will be early next week. The Microsoft is at 1.31. Now, we've had, you know, several others, you know, Facebook. Look at Facebook has been another one that has just gone, you know, really ballistic here. Let's get this one up here so we can take a quick look at it. Oh, dear, what happened to it? I had it right here in front of me, and now it's disappeared. I have a series of disappearing charts, I guess. Hold on. I know the pattern. All I got to do is find the doggone thing. Ah, there it is. Here's Facebook. I just wanted to show you where it's trading. It's up another, I guess it's up about five or six percent. It's trading at 198. 198 is the 78% retracement from the Island reversal. We made back at 220. We went from 220, dropped 100 bucks down to 124, and now we've rallied up to 200. So we're giving, we got 78% of that back, and it's all, you know, earnings related with another big gap. Look at this gap that's going to be on Facebook today from 188 to 200. Oh, my goodness, that's a monster. All right, let's take a break here. 877-927-6648. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The Taz Profile Scanner instantly scans and filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Headed by Steve Dahl, president of Taz Market Profile, the Taz Profile Scanner understands that in today's technological world, the use of top-flight software applications, automated trading algorithms, and technical analysis expertise is essential to successful trading in today's market. Whether you're looking at the trade matrix, the ETF heat grid, the market breadth, the landscape charts, or the many other features of the Taz Profile Scanner, this is a piece of software that will revolutionize how you look at the markets and set up your trades. The team at Taz has even put together a 12-part video series to walk you through every aspect of the Taz Profile Scanner, which you can find directly on the Taz Order page at TFNN.com. Sign up now for only $97 a month with a risk-free 30-day trial so you have nothing to lose and everything to gain. See for yourself how you can harness the full power of the Taz Profile Scanner by visiting the front page of TFNN.com today, and you'll find the Taz Profile Scanner under the Services section. Remember, with a 30-day money-back guarantee, you have nothing to lose. Don't let another day pass you by without trying out this amazing piece of software that will revolutionize how you look at the market and how you place trades. Sign up 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. Hear all of the TFNN shows, plus see all of 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 are 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. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Hi folks, and we've got a caller from Philadelphia, Pennsylvania. Mr. Z, how are you doing this morning? Larry, I had you on the shoulder and give you a hat tip and a hand for doing all the shows recently. Much better job that I could ever do, so congrats on that. And I wanted to ask you, Larry, please on the dollar Swiss franc. You have been tracking for us the movements in the euro versus the dollar, which is weakening. And of course, the Swiss franc being right in the heart of euro tracks pretty closely to the euro itself with some differences. And I am on alerts trading from the long side and I guess being on alert for the potential for a major breakout in the dollar Swiss franc or set a different way, weakening of the Swiss franc versus the dollar. Can you show your weekly and or monthly charts and identify where the upside potential is on this, please? You bet you I'll put up the weekly so you could take a look at it. One of the things that you'll see on this weekly chart was way back in January of 2015 when they had that giant bank robbery where it dropped $20,000 and went up $20,000 in a matter of about an hour. That's when they played games with the euro. But the breakout level is at 104, John. Breaking above 104 sets up a minimum of another 10 points higher up around the 114 level. And that could be a really big move. The interesting thing is the low that we made back here in January of 2018 was a beautiful 382 retracement of that low from December of 2015. So this is very positive. We've had higher bottoms, higher tops all along the way. And this last few weeks has been, you know, pretty much a runaway move to the upside because it's been following the reverse position of the euro. So it does look pretty good. The Swiss is certainly weakening, you know, to the US dollar based on these charts. Thank you on that. I'm just looking back your previous post. You posted the daily charts with all your Fib numbers and Pezzavento patterns. I wanted to ask you and knowing you're a very disciplined trader, Larry, what pullback would you need to see for the USSF currency pair to be a low risk buy setup according to the way you do things? Well, John, we've been up well over a month. We've been up five weeks with basically no correction at all. So if it's really that bullish, what you'd be looking for is a correction down to that 101 level, which was the old breakout level. And that's also the 382 retracement of the low made five weeks ago. Let's put this in so the folks can take a look at it because it's a really interesting thing. This is what we saw with Platum a few weeks ago when it was doing the same type of pattern. Let's just get this so you folks can take a quick look at it. We're trading around 102.10 right now. And if we get down to this 101 level, you'll see that's the old breakout level that we had back in November. We touched it again in March and pulling back one more time, which would be a 382 retracement. And if it did it over maybe a five to 10 day period, that would be lick the chops time because I think that would be a really nice low risk entry point in the market that is I got much, much higher to go and you're certainly trading in the direction of the trend. That would be interesting. Then I am all mentally prepared to act if something like that should unfold. So thank you. Can I ask a related question? You just mentioned the dollar yen currency pair and this upcoming Golden Week holiday in the country of Japan. And I just had to ask, is this upcoming holiday something that is very unusual or is this just an annual event that we're dealing with? Well this one evidently is unusual because the quote said that it hadn't happened since World War II. I was born before World War II started so that's a long time ago and I don't know what's going to happen with it. But there's some information on the CME website, John. Shane told me this morning that the CMEs mentioned something about it but I received this from one of our folks over in the UK, actually Kingston outside of London to alert me about it because I wasn't aware of it because I don't follow news or fundamentals but this is something, the fact that the markets closed for such a long period of time. Now the futures will be trading but the futures are such a small part of the foreign exchange. It's probably less than 1% of the CME futures compared to what's traded in the interbank market. So the interbank market is still going to be trading. The question is how much liquidity are you going to have with the Bank of Japan being out of there and they might not be out of there. They just might be in the foreground. You just don't know. I just think you have to be extremely careful. That would be my guess. Very good. I do appreciate that. When you say this, I can't help but think or put it this way, I've got a suspicion that this sounds like it's something unusual and this is coincidentally right at the time in which Treasury Secretary Mnuchin is dealing with Japanese officials on trade and currency details. So yes, my antenna will go up just as yours and frankly Larry I'll put, I'll broadcast a request to those people who are members of TFNNs, Tigers Den they come up with any elaboration upon how and why this is unusual. We'd certainly like to see that. The one thing we can rely on Mr. Z is David White, Mr. Google himself, P-O-L-R in the room because he reads everything. I think he reads the Bible every day before he starts reading everything else but he's got the wealth of information and it's not fake news. When David looks at it, it's important so I'm sure David will find something and I'll be alert too and I'll send it out to the folks also that's interesting because anytime you have something unusual like a market closing for a long period of time and hasn't done it in 80 years sounds like someone's getting ready to play some type of a game is what it sounds like to me. It does sound vaguely like that. Thanks for your help Larry. Upon start of your next segment I'm going to ask if you can just share your two cents on the S&P index and its future, the ESM-9 contract how interesting that the high Tuesday then Wednesday yesterday is within just a couple of points of that September 21st high having made that observation I'll be interested to hear what you think that might mean. Be happy to do it John. We'll be right back folks 877-927-6648 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, 6 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's 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 time 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 chart. In collaboration with Tom O'Brien and using his best-selling book David White, 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 chart allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs, ABCs, butterflies and much more. The Art of Timing the Trade chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend 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. Folks following up with the questions we had with Mr. Z I posted the chart for the E-mini S&P and as you can see we have touched the high line that red line. That means we were then just a few points of the old high. This could be a potential double top. We know that the NASDAQ has already broken above that line. We posted that earlier in the year or earlier in the show that the Dow is not going to make it mainly because of what's happening to 3M. That's over 100 points in the Dow Jones is 3M because it's a $200 stock and these are price-weighted. They're not cap-weighted at the Dow Jones. That's what pushes it down and so we'll see what happens later in the day. One or two things is happening. Either it's keeping the ES from rallying or the ES is turning over. We don't know. The Russell is still the weakest of the group. The S&P is still not acting very good considering but stop and think the Dow is down 100 some points and people look at that. They don't know that it's one stock. You hardly find anybody that will even notice it. Let's take a look here. The key level here is that 2960 level. If we get above 2960 in the S&P we're trading at 2930 roughly right now that would tell us that would be a valid breakout whether it will be or not. I don't know. Now we've had another request here to take a look at Copper. Dr. Copper supposedly being the holding on the thing right here. Iron ore, iron ore is beyond my pay grade Mr. Peake. I have never I've never traded it about the closest thing that I have to iron ore is my cast iron skillet that I cook in sometimes. So anyway let's look at the Copper here. You'll notice that we made a high up there at around three bucks a pound. We're now trading at around 288. The 382 retracement on this would come in right around 284 which is the old low from way back in on March the 25th but the key point here is to look at the double bottom between August and January. You notice how you go down there where it says 103 that means you went a tad below where you were in August just getting a few stops and away you go. That's why these double tops and double bottoms are important folks. They define supply and demand and we're seeing a potential double top in the S&P. The Nasdaq also it's gone a little bit above it but if it reverse from this 7875 level I don't know where it's trading but the ABCD on that measured to 7875. Let me double check just to see where that Nasdaq is trading because I've got my eye on that since I shorted it there. Hold on one second here and we are trading it's backed off a little bit and we'll see what's happened. Now high was 7879 and now we're trading at 7855 so the fact that we've backed off a little bit is actually pretty interesting. This is just to give you an example here I'll put up the 15 minute chart when I was posting it this morning I'll just show you what happened when it made that a little bit higher high there let's just get it up here so we can take a quick look at it. I'm a little tough here on some of these things but you'll notice that we've broken from 7875 we've already broken down 20 points so that may mean that we're looking at something a lot lower but we'll have to wait and see. That 7875 is the perfect ABCD so it's going to be interesting to see what happens with that as we as we go through the morning here. Now I wanted to bring to your attention I think I've already covered 3M let me double check because I did want to bring that chart up because it was it was showing that it was a real strong resistance this morning but I don't remember okay give me a break here that's Facebook boy. I'll tell you I'm going to have to lose my chart my chartered members are putting charts in order because I seem to get a messed up all the time I can't find that darn thing so it was a chart of 3M and basically it was setting right at a 50% retracement from the previous high and then of course you know it's rolled over quite a bit this might be it let's take a look there it is hold on we got it this takes me a little while to catch up with these and we'll take a look at boy this here hold this let's see here what do we got here peak is saying he's asking me a question here and he says we are in the longest bull market for bonds in history was there a larger bull market measured in time I don't think so the bull market in bonds peak topped three years ago in the 2016 is when the bonds topped at that 170 level so that's I don't know the longest bull market in history well the longest bull market in history has to be the stock market because it bottomed in 32 it bottomed in July at 32 and it's been going up ever since so it's got to be 32 so you're looking at 80 years right there more than 80 that's about 90 87 years see 32 no be 87 years from the time that the stock market bottomed we had some recessions in there but we've never had any depressions during that time but that has to be the longest one I don't know you know the guy to ask is either Mr. Rhodes or Mr. Basil Chapman they would know that they do that long term stuff my idea of long term is if I make it till Friday if I do a two or three day swing it's going to be me by the way someone asking a very interesting question here yes you're looking at that Canadian dollars right there we even mentioned that yesterday we're getting up in that Canadian dollar very very close we'll post that and then I've got to answer one of the questions from one of the emails that I received last night and we're getting almost up there to that 78% level is it there already but I've got to get on the ball on this one this is going to be an interesting one to look at on this Canadian dollar because we're almost up there you're right there 135 and change so this tells you the dollar is pretty strong here's a question that someone posed it's very interesting he wants to buy positions and add to his positions as he holds it for a very long time there's nothing wrong with that but it takes a special mindset first of all if you want to do something like that try to study the work of Richard Wycoff and also Shawbacher Shawbacher was the son-in-law of Edwards of Edwards and McGee and those fellows worked on those types of things what you have to do is you have to find a base position and then you let your base position start let's say you start with five contracts which is gold so you buy five contracts of gold and you wait for your next time to buy you could buy it on a breakout if that's what your theory is you could buy it on a retracement if that's what your theory is but you have to have that plan set out and you've got to follow it and you're not going to have to waiver from it because one of the things that's going on in these markets is the fact that we've been bullish for gold and we thought we were going to be so whether this is going to be something really super big or not we'll have to wait and see but it's starting to work the way that we thought but if you're going to do that it's based on you to do the planning and remember that when you're doing that you're exposing yourself to extra risk because you're adding more contracts even though you're adding them with profits that you're making you still have to protect yourself from how much money you don't have at risk and that's the main thing always looking over your shoulder protecting yourself so if you're looking at a pyramiding contest then that's different you know I'm at a stage in my life that the pyramiding it's not interesting to me anymore 877-927-6648 If you're 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 in the community 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 $50 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'd like more information about the Tiger First mortgage program you can call me at 877-518-9190 that's 877-518-9190 it's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th, 2002 when gold was trading at under $300 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, The Dollar, Bonds, South African Rand as well as 25 different mining equities with specific buy-sell recommendations as of April 1st of this year the gold report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30-day money-back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of TFNN.com don't let gold's next big run pass you by, sign up today will the S&P 500 continue to climb for bold trades on U.S. large-cap stocks in either direction trade SPXL SPUU or SPXS directions daily S&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 directioninvestments.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 and investors. The bull bear binary option hour next on TFNN ok folks we've had a question about the gold and I posted the chart that we did on Tuesday and I said the best time to buy it would be Wednesday morning that was the low yesterday it's hard to have a pretty good run so far today but that's we're thinking the day would come in on the 22nd of April that head and shoulders pattern it is certainly held so far came in the two days later but you know the little move we've had we've only rallied about $15 off the bottom so it's nothing to be excited about as of yet but that's what we're looking at now we got a question from Peter up there in Utah about the where do you take your fib numbers from folks that's where people get more confused about Fibonacci than they really should because if you stop and think what a market really does it can go up down or sideways and so you need to take those swings that lead to what's going to happen in the future in other words we have that ABCD pattern so when you're taking your fib points you certainly want to take it off the A leg at the bottom you want to take it off the B leg which is the secondary bottom and then you have the expansion numbers that go from CBC to point D so you have to look at all those together and when you're doing that is you're looking at the different ratios coming together if you can see this chart of the GDX you'll notice you'll see all these different ratios that are marked there those come from the the PES of NO pattern from the Ensign software now everybody's using that now they called it a lot of different things but when the the folks at Ensign built that for me 30 some years ago you know that was really for me was really state of the art because it told us that you know that's pretty much you know what the market's doing is you're just going and looking what happened in the past and then determining whether you think it's going to move into the future repeating over and over again that's what we're watching here's a perfect example if you just take a look here at the gold chart this is the one that we were watching very very closely if you wanted to see oh oh just give me a second here to get the right the right thing up here you'll notice that you're looking at these ABCD patterns coming in here and the 50% level came in at 1267 and we were looking for the possibility of an expansion down there you know to 1259 to 1255 well we didn't get to that and we were looking at that at the same time that Silver was doing the same thing and we have to take our hats off to Ruby because she absolutely nailed that low in Silver at 1469 so that's pretty much that's pretty much what it is David's posting something here from Jesse Livermore and it says another lesson I learned early in life there's nothing new in Wall Street God bless that there can't be because speculation is as old as the hills whatever happens in the stock market today has happened before and it'll happen again Jesse Livermore and believe me it repeats over and over again Dr. Andrew Lowe in his book The Non-Random Walk Down Wall Street from 2002 actually proved that with formulas that are way beyond my pay grade. Remember speculation comes from the Latin word meaning to observe and that's what we're doing here with pattern recognition is we're observing these patterns and trying to find if they're going to have some type of a repetition and we're wrong sometimes folks I mean sometimes hell we're wrong a lot so that's main thing is to keep in mind you know what we're looking at here on some of these things now we've gone up $17 now in gold from 67 up to 84 that's the half harmonic number the harmonic number is gold is 34 and so that's going to be pretty interesting resistance if it can get through it really if it can close above 1290 in the gold it's on its way so we'll see that's right this is a that's a crab mr. Z talking about speculation is activity of making money not being right or wrong yeah it's not a question of being right or wrong it's a question of making money and that's the whole thing and also protecting yourself on the downside so we'll keep an eye on that as we look at some of these other charts here this morning going rather quickly I really appreciate the questions folks it really makes rubies asking what will be the possible pattern on gold and silver to the upside that we made the first target in gold this morning ruby it's only been two days so it made $17 in two days that telling you that it wants to go higher and you know it's got it's got potential to really be big because of the head and shoulders pattern and the fact that the whole world is brash and not only that it's doing it in the face of a really strong dollar which is highly unusual and that's it you know what who was it that said that if you don't if you don't study history you're bound to repeat it I don't know who said that but that's absolutely true because nothing you know it repeats so much that it's just over and over again so that's pretty much you know what we're watching here but those are the first ones I don't know what the first objective would be on the stuff we'll see the great okay I'm going to talk about the grains here well we only got about three minutes to go the reason why I haven't bought the grains and I took a nibble at soybeans as you remember early in the week using that SOYB which is the soybean ETF I believe someone in the room I think it was Terry told us about it so don't blame me for that $200 loss let's blame Terry because I don't want to take the responsibility for it I'm just joking Terry keep your sense of humor anyway you know the only reason I'm not looking at the grains now I'm going to look at them of course over the weekend because I've got some you know updated charts that I I certainly have to look at and with this breakout in the dollar IE weakness in the Euro that's telling us that yeah now with the prices of the dollar going up that means our grains are costing more here we have a huge surplus and now we're raising the price by the dollar now why let's stop and think let's do a little conspiracy thinking here for a minute why would we be pushing the dollar up we say we're in negotiation with China China is one of our biggest grain buyers hmm sounds like the old Russian grain robbery of 1972 so let's keep a close eye on that because if they buy it all guess what's going to happen folks the cure for low prices is low prices and the cure for high prices is high prices so pay attention to that that's very very important but the grains are heading down they're getting banged around quite a bit and so I would be thinking that we'd probably be looking at a bottom in here somewhere I believe we're going to have Norm Winsky on next week sometime let's see today is the 20 oh my goodness I missed Arch's birthday Arch's birthday was 17th of April that was the same birthday as JP Morgan and son of a gun I missed it so I think we're having Arch on on the 4th of May which will be a next 3rd or 4th next Friday I believe I think we have him on then we'll have to wait see oh one other point of interest folks CNBC called me and they're interested having me on they're I guess going to have old folks week you know people that started at the we're on the show 30 years ago and back in April 17th of 1989 is when it first started and I was on one of those shows coming out of California at the time but I'm not sure what I'm going to do it or not it's it don't mean anything to me anymore you know it really doesn't but I might you know if Peter Lighties does it I'll probably do it because I'll have to wait and see alright let's move on here to a few other things that we need oh the the bell's getting ready to ring already while you made my job real easy today folks thanks a lot I appreciate the questions coming in because this is not an easy gig for me and hopefully that we will get this thing moving and we'll be able to see some of the things happening in out in the future we need to get that gold up above that 1287 level folks that would give us a pretty good idea of where we stand so 877-927-6648 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&P 500 for the last 12 months 6 and 3 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 homepage 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 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 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 that 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 and click the newsletters as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil 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 Basil's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing call 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 ok folks I wanted to bring to your attention the British pound versus the US dollar because we did get down to that 1.29 level we got as low as 1.28 70 so it's trading 1.29 now you do not want it to get below 1.2870 so your risk there is under oh my goodness that's only what that's just a very small amount that's under $200 risk so that's certainly one that anyone to keep an eye on we'll have to wait and see how much farther the euro is going to break but it looks like it's going to hit the 1.100 level without too much trouble because we've been to 1.124 so we'll be watching I think the number is 1.1090 on the daily chart there's a little 3 drive pattern there but the weekly is pointing way lower folks we're looking at 1.08 to 1.06 in the euro if this move continues on and it could stop at any time as we know because the dollar index has some very strong resistance at that 99.50 level on the long term weekly that we posted in our newsletter several times repeating again I'm sorry about the videos not having any sound nothing I could do about that and I'm getting a new program today hopefully we'll get it installed and we'll be able to look at what's going on with the with these things as we're watching so pay close attention to that also basically that's pretty much it we'll see what happens one of these days they're going to be a correction in the stock market whether it'll happen in my lifetime or not I don't know but the fact that we hit that big a bcd in the nasdaq today at a 79 75 a high being 79 79 that broke 20 points you know maybe that doesn't mean anything maybe it's a buying opportunity and maybe it's the first sign that there's going to be a little bit of a correction all I know is the markets have not been reacting to good news on some of them have of course like Microsoft and but others that have been pretty good news is not done very well so let's keep in line live every day in an attitude of gratitude and may god bless folks