 Educating Investors. The following is a presentation of TFNN. Now, Larry Pesavento. Looking good, Billy Ray feeling good. We're going to talk about risk here, and then we're going to go in to talk about platinum in just a little bit, but I wanted to show you a picture of the backyard here yesterday. Sarah was watching the man trim the tree there. You can look at the 30-foot ladder, and then on top of that, he's got another 30 feet that he's got to probably climb up to see and I just wanted to update you to show you what it looks like from his perspective and where he is, and then you're going to have to guess, you're going to have to guess what he gets paid for a living. That's the real key here. Hold on just a minute. The screen here. Share the screen. Change the window. Now we get this up here. We'll be able to see it okay. There he is up there, folks. He's about 70 feet in the air, and those of you that have been any round lumberjacks or tree trimmers like that, they wear spikes on their shoes here that allows him to go up and down, but he goes up very, very slowly and gets it done, and believe me, folks, you'd think it would cost a fortune to do that, but he makes a very, very small wage. He could probably do better working at McDonald's, but a very nice young man, and he does it. It's not dangerous to him, but when you look at him, you look at him go up, and he's way up in the air there, and he's way up there. So that's what I thought you'd be interested in. It's a whole lot easier to trade something. You get stuffed out often and do a job like that. Let's talk about platinum first. We had a very nice call from our good friend, George, and he wanted to talk about platinum, so I'm going to bring up the chart of platinum and then expand it a little bit to show you where we are. Here is platinum on the daily. You'll notice we had that big triple bottom down in that area. We had a big move down, and then from that, we've seen we've already gone above the 61% retracement, and we've had a really big rally, folks, just like we've had in gold. So this is a bear market with lower tops coming in here. In fact, what you're looking at now is a 135 pattern forming in the platinum, but let's expand it just a little bit for George to show you what I like to do is I like to go down to the smaller timeframe, and what we'll do here is we will look at it on the four-hour chart. By the way, Mr. Chapman knocked it out of the park yesterday. I understand on your show. I hope you had a chance to see it. If not, you can get the replay. Now, this is platinum on a four-hour chart. You can see the three drives to a bottom pattern down here. There's the key spot right here, folks. You see that first 61% retracement? That's really the key to tell. We've seen this in crude oil. They do the same thing all the time. It's just that they change the names of the players. But look at the 382 retracement that we had here. This market went up, and then finally made a 382 retracement, which was equal to the 61% retracement down, and where does it point to? ABCD, today's high. That's what I'm looking at in platinum. I hope that helps, George, but it looks like it's ready for a correction, much like the gold. Of course, we looked at gold yesterday with the ABCD at 1822, and that's dropped only about 30 bucks. It's trading at 1805 or something the last I saw, but I think we got more to go on the downside with the gold. We'll watch that one very close. Now, I want to talk about losing, because losing is very important. Yesterday, Tommy O'Brien was on, and he was talking about Disney, about how everything was good with Disney, and someone asked me to take a look at the chart for Disney, and so I wanted to get up here and show it to you. If you'll move up here, you'll see here, there's the ABCD that I was looking at. You can see the beautiful butterfly bottom that occurred right down there at the bottom, the beautiful ABCD that was when it was trading it, I think 138 or something, what was it? I don't even remember, no, 90 something, or whatever it was, that price. And then we had this big move up that measures, you can see the top up here, measures to 113. Well, guess what happened to Disney? They had a thing came out yesterday called earnings, or maybe it was today, it was today, and they literally knocked it out of the park. They made it something that says, holy moly guacamole, this thing might be going up forever. But what we want to do now is to see what really happened with Disney, and all I've got to do is to find the second chart, and here it is. Here's the chart for Disney, we'll get it up here, so you can see it. This is a longer term daily now, and what we're going to do now is look at this on a longer term basis, and you're going to see Disney, and here's where we are. You can see today's high was a 61% retracement of this high, and it was a 382 retracement of the high. So this is, we've got a big gap up here, and then we hit the number within 30 cents on a $120 stock. It's trading at 119, I guess. But the fact that it left that gap at that area, it should have blasted, and it might go blasting through there. Remember, that's one of the Dow stocks, and it was responsible for, I think, 100 points on the Dow this morning when this was up around 10% is what I heard. Now, I'm just giving it second hand, so I hope that's a pretty good idea of what we're looking at right here. So that's the main thing, and the reason why I put this up, you see the beautiful ABCD right here that we looked at at 113, that looked really great. Okay, the problem was earnings come out, and when earnings come out, and there's nothing wrong, if you bought a call or a put, or you were in the stock, you have to take that risk that's there. Now, had I, I don't trade stocks, but had I been in that trade, which I don't like to go into reports, and if I were a stock trader, which I'm not, I wouldn't want to risk going into a report, unless you did a put or a call so you know exactly what your risk is. Here, this thing could have opened up $50. You don't know what's going to happen in these days. You look what they do to these, you know, they don't do it anymore because the market's in basically a downtrend. So, well, that's what I think it is. We'll find out. Anyway, that's what I'm looking at. It's just a huge rally in a bear market here, folks. So we have to pay close attention to it. Now, with the action that we've had the last two days in the stock industry futures, we really need to take a look at the open interest. And for that, we always go to our man, Mr. Billy V, down there in Texas, and he sent some beautiful charts on. And I wanted to bring these up to show you what's happening with open interest here because it's a lot different than what they're telling you. And let's move on here to take a look at this one. We've got the break coming up, but we'll be able to cover these after the break. Stan Harley is our guest today, and we have Mr. Peter Eliidi, Stock Market Cycles will be our guest. Folks, write this number down, please, 4235-4235 in the S&P. It is really, really, really important that we close below 4235 either today or tomorrow. Because if we don't, 877-927-6648. In a time of blooming inflation, we are purchasing power as eroded, there's no better place to protect your hard-earned money than in gold. Vista Gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and environmentally mining jurisdiction. Vista Gold just completed the Monk Todd Feasibility Study which resulted in a 7 million-ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. This distinguishes Monk Todd as an attractive, diverse part ready-development stage gold project. Vista Gold trades on the New York Stock Exchange under the symbol VGZ. 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 it 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 and are geared 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 We're back folks and talking about open interest. I posted the charts for the Russell and the Dow Jones and as you can see here we've had a big increase in open interest in the Dow Jones recently on a downtrend but you can see with this bullishness here but with the Russell you see the open interest is dropping so what we need to do let's try it again Larry that happened to be the one on the right was the NASDAQ and that has a bullish open interest and the one on the left is the E-mini and as you can see on the left side it is really not very positive. You've got open interest dropping and you've had this thing run up quite a bit for five days not a good sign ordinarily but we live in interesting times as the old Chinese curse so let's sort of remember that well let's go back to all this one other thing I wanted to look at too I believe I wanted to show you something that one of our friends from up in Seattle sent to us I copied what he was doing just to show you it was easier to do it on my system than his but he wanted to show some symmetry that we have going on here with the Dow Jones E-mini and I wanted to point it out because you'll notice here we thought the Dow was going to hold this level right here and you can see it's five or six hundred points higher than we thought it was going to go it didn't quite make the 618 retracement yet but the thing is look at the timing between A and B and C and where we are right now that's a 1-3-5 pattern folks that's just spot on we're way above see this move right here this B-C swing that was exceeded two days ago we thought it was going to hold that level and it didn't and you can't stand in front of it we've you know it's not about how much money you make it's about how much money you don't lose but look at that that's a beautiful 1-3-5 pattern and you're coming in with market where you're seeing short covering and that's usually not a very good sign and remember sometimes these things just don't flat work let's just look at this E-mini S&P and that brings to another question that someone asked and had a call this morning from one of our friends over in Denmark had been going through a period of breaking even he had some winners had some losers and he said he had never felt so good breaking even and I asked him why is that he said well I'm doing the right thing he said I see what I'm supposed to see and I'm doing the right thing and that really gives me some peace of mind and folks if you've got peace of mind in this business you've got the number one cycle fixed and that's what you want to do it's from the left ear to the right ear you get that nine-inch cycle right and the rest of it falls into place Mr. Mark just drove it home here for the four years that we worked together in this office about the importance of that nine-inch cycle because when things are not right and you're doing things that are not going to work right you already know you've got a big problem remember from Roy Longstreet viewpoint to the commodity trader the first mistake teaches the second mistake kills so when you see that second mistake get out of dodge and when we went above forty two twelve thirty in the S&P after the markets closed it told you it wanted to go higher and where did it go it went to forty three sixty one those of you that listen to our newsletter or write our news listen to the John's newsletter that we do every week you'll notice the predicted high for the S&P this week was between forty two fifty four and forty two sixty nine and forty two sixty one is right in the middle of that the reason why the price of forty two thirty five must close lower today or tomorrow is because it would represent the largest rally we've had and that would indicate that it is no longer a bear market so if we close above forty two I'm taking a little bit of well I'm taking a lot of thunder from Peter Lighties but he'll discover that and discuss that on Friday we have Stan Harley today Monday we've got Norm Winsky Tuesday we're going to have Jim Bartolioni and Wednesday we hope to have Tim Boss next week so we've got a good group of folks coming in looking at some of these things now let's go back for just a minute we've done a lot of things right these last couple of days folks remember we talked about the bonds yesterday you want to do the ones that are working the best the one that is the weakest if you remember we talked about the sale and the bonds up there when we hit that level up here at forty two and change okay that was a beautiful pattern right at a six one eight everything you could possibly ask for and if you wanted to follow through with that today you'll see that the bond here let's get it up here you'll be able to see it's like a falling safe in fact it's almost broke one forty which is four handles down from the high the other day but there it is you can see it right here in fact we've got a big ABCD for me here we're bound to get a little bit of a rally but that's what we're watching here in that we also you know mentioned about the gold the gold had that beautiful ABCD pattern to the upside and we felt that if I can find it and I know I can and then I'll go back to the S&P just a little bit later and I wanted to cover the crude oil because the importance of this bottom that is formed here and we spent a great deal of time this weekend on the videos for heating oil and gasoline and also for the S&P but the S&P had made the low at eighty seven oh one the number was eighty seven thirty five we had ninety four and changed folks ninety four and changed that's a twelve percent move in three days that is one big move and if you'll take a look at it on the shorter time frame we'll get it up here it has been a mover and a grouver and jumping around all over but you can see the last two days what's happened here we've had a tremendous move and we're getting ready to complete a big number up here at ninety five and change so watch that one for tomorrow but this market has made a major bottom now in heating oil, gasoline and crude oil that was a big ABCD coming in right at the six one eight on the crude oil so it's done exactly what it should have now hopefully with a little bit of luck I'm going to find that gold chart sometimes I need more luck than I want to have but let's look along here shucks I can't find it anyway you guys know where it was it was a beautiful ah I found it here here we go there we go and we haven't broken very much at all folks we've only broken about thirty bucks so that's a good sign but from this pattern right here we should at least get down to about the seventeen eighty seven to seventeen eighty and you know we're still twenty dollars away from that so I think it's important that we pay close attention to that and we'll see whether we can do that we've got a break coming up here just a moment and Stan Harley will be our guest hopefully Stan sent the charts in and if he didn't I'm in big trouble and I've got the charts hold on just a second here so we'll have Stan Harley up at the break here and he's got five really cool charts and we'll be able to take a look at those so let's see Stan come on in just a little bit and we will open if you want to take advantage of this sector now is the time to subscribe to my Gold Report Gold Report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency in bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every Monday morning I publish the 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8.30 a.m. to 4.00 p.m. every market day from 8.30 a.m. to 4.00 p.m. Here's your chart, Stan. We're going to start out with the S&P 500, and why don't you go ahead and tell the folks what you're looking at, and when you're ready, I'll move on to the next chart. Absolutely. The first chart here is a monthly chart of the S&P 500, going back about 60, 70 years. And this is a chart that I've shared on the air with you in the past. What I've found is the dominant cycles, the dominant highs on the monthly charts tend to occur at roughly 84 month intervals, plus or minus, at seven years. And see the dates that I've marked here have marked all of the significant highs going back to the 1960s, and I can take this back even further. But suffice it to say, over the span of this period of time, every 84 plus or minus a few months, left or right, we tend to get major cyclical highs. And I think the January 4th high of this year in the S&P marked the latest pattern in the series. Okay. All this next one warms my heart. Stan, this next chart really makes me feel good. Hold on one second. By the way, we have our friend Peter Lides will be our guest on tomorrow. And I know you, Peter, from the old days too, so hold on one second. He and I were both regulars on channel 22, KWH live back in Los Angeles. I remember when you remember they had guys there, like one was called, oh my gosh, Bill Griffith, of course, and also, what's your, oh my gosh. I can't remember the, oh, my mind's slipping a little bit. There's a lot of talent on there, Larry. Ron and Sonata, the other sir was, we had, what was the, what was the guy, the reporter that was so nice that was on, he was, he was reported for the early. Yeah. Yeah, what a, what a class act he was. That was really good. So let's, let's move on here. You're looking at August 11th. Now what's today today? Hmm. August 11th. Yeah, it sure is. What I've done here, Larry, is I've looked at all of the highs and lows, the significant highs and lows, the trading cycle highs and lows, every single one, without exception, everyone lines up within a couple of days of a major Fibonacci ratio. 0.236, 0.382, 0.618, 0.764, etc. I've dumped all these dates into a spreadsheet. I've done what's called a regression analysis, which is a mathematical technique to find the best mathematical fit of the data series. And what it does is it computes August 11th, 2022 for the next turning point with the standard deviation of about two to three trading days. So what does that tell us? That tells us we should be looking at a potential trend change in the period of August 11th. And I think it's going to be high. Incidentally, if you take the Fibonacci 144 in terms of trading days, you add it to the date of the all-time high in the New York Composite Index, which occurred back on January the 13th. You add 144, that equates to August 11th, 2022. You take the low on June the 17th, two months ago. You add a Fibonacci 55 calendar days, and that equates to August 11th, 2022. Well, what it's suggestive of is that we should be alert to a potential trend change right in the present time frame, plus or minus a day or two left or right. Well, I have to agree with that. That's a very interesting chart. But August 11th is a big day for me. I lost two good friends many years ago on August 11th. And today is Sarah's little grandson. He's nine years old today. So August 11th is a very, very important day for me from a historical standpoint. And we have a question for one of our listeners. And that is, is this market acting normally to you? I mean, it is to me, but what's your opinion, Dan? I think it's a very normal market. Some people are prone to saying it's different this time, and I just roll my eyes. No, it's not. It's no more, no more, no less volatile than days past. And the cycles don't change. The Fibonacci and Lucas ratios don't change. No, it's not different this time. It's quite so. Well, I was glad to hear that because I felt the same way. And to hear it from you is also important. Now you've got a little graph here on Fibonacci and Lucas numbers. What were you trying to tell us here, Stan? Yes. What this is, just a table I put together. The left-hand column is the Fibonacci series. I just started with five for convenience. Went through the number 144, which we just discussed. And then I do a lot of work with the Lucas number series, something that I don't think too many people are familiar with. And then the third column is I've doubled those two numbers and listed those down in that vertical column. And what I have found is the Lucas numbers actually are far more important than Fibonacci numbers. Highs to highs, lows to lows tend to increment by the Lucas series and they're two times multiple. Time spans from low to high and high to low more often than not tend to be Fibonacci numbers or they're two times multiple. But this column under the times two, those numbers show up time and time and time again, all markets, all time frames. And then we'll rewrite some Fibonacci ratios that are very common. Those ratios defined all the pivotal turns that I showed on the prior chart. People might not know this, but Lucas was actually Italian. His name was Peppersonelli and he changed it to Lucas because it was easier to say. Do you remember that, Stan? I did not know that. I thought he was a mathematician under the French government. And yeah, he was... I mean, I could have the history wrong, but my understanding was he was a government mathematician. Yeah, he was. Yeah, I was joking about this. Stan, would you please? Absolutely. You'd be right with Stan Harley's book, Harley Stock Market Letter. We'll be right back. 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This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Okay, we're back, folks, and we're chatting with Stan Harley in the Harley Stock Market Letter, but we are going to jump out of the stock market and talk a little bit about block chains and Bitcoin. I think it's for here to stay, don't you, Stan? I do indeed. My previous charts may not have come through, and if they didn't, the error was on my end. I think I failed to click the share screen button, so I apologize for that. I think the folks can see it now. This is the Bitcoin chart, correct? Yes, this is Bitcoin, and what I've done here is this is every day of trading from the beginning back in July of 2010, and what I've done is I've converted the chart into a log chart as opposed to an arithmetic chart, so it's a little bit easier to see. A lot of people have trouble analyzing Bitcoin, and it is a tough rascal to do that, but here's what I found. Keep in mind the prior discussion that dealt with the Fibonacci Lucas series, and in particular the Lucas numbers, and I have found, Larry, every single high on the Bitcoin chart, every single one, can be defined by the Lucas series of numbers. So what I've done is I started the analysis at the high that occurred in June of 2011, and as you can see I put a zero there, and then forward in time, in terms of monthly time counts, I've showed the number of months. So for example, the time period between that June 8, 2011 high and the April 10, 2013 high was 22 months. Lucas number 11 times 2 is 22. Okay, the time period between that June 8, 2011 high and the November 2013 high was exactly 29 months. That's Lucas 29. Okay, the time period into the 2017 high that occurred back in December of that year was 78 months. The operable function there clearly is 76 Lucas number. Then we had a high in June of 2019, 96 months from that 2011 high. That's 47 times 2, 94 months. And then the most recent high in November of 2021, the most recent all-time high, was 125 months. The operable function there is the Lucas number 123. So as one can see, every single high of importance has occurred at either a Lucas number or it's two times multiple. Everyone. Well, this is certainly not a bearish chart as the way I see it. My goodness, it's been going up forever and these corrections seem to be normal, so it looks okay to me. Now Stan, do you look at any charts like the Coinbase or the things at ARC these people look at? I mean, they do some of these cryptocurrencies. I really don't look at them at all because I don't understand it and I keep my stuff really simple to ABCD, but do you ever look at stocks like Coinbase and stuff like that to try to find patterns that fit with what you're looking for? Yes. Yeah, I've analyzed Coinbase extensively. I don't have a chart here today. It wasn't prepared for it. But absolutely, that's a stock that I've analyzed quite a bit. What it did was it actually peaked earlier in 2021 and it made a lower peak on November 10th, divergence. IE, Bitcoin went to a higher high and Coinbase made a lower high on that same day. And as you know, as a market technician, we look for things like divergences and that was a big fat divergence staring us right in the face. Certainly suggestive that the new high in Bitcoin was in jeopardy. Okay. Wow, that's really interesting. Now, I had one other question from one of our listeners and where can they find out more information about Lucas numbers? Is there a hit on Google or something or what's the best way to do that? Probably just going to Google, do a Google search on Lucas numbers. My guess is one will not find very much because it's not a subject that's widely understood. And this, of course, the doubling, you're not going to find that in any book. That's my own, that's the product of my own research. But I would encourage the viewers to look at both Fibonacci numbers and Lucas numbers and then try things like multiplying by two by four or by one half and you'll be astounded how frequently those pop up in the markets. Yeah, it's all related to numbers. These algorithmic guys they turn on these numbers like magic. I know it's, in fact, I am amazed at it when I see it and I've been looking at it for many years. Listen, I want to thank you for being our guest today. I want to post the folks there to buy your Harley stock market letter. They want to get a sample. I guess they could contact you and hopefully we'll have you on again pretty soon. Are you still happy back east? Do you like it? Absolutely, yes. Well, it was only 109 the other day here and I was thinking of you. It was probably a little bit cooler where you were. I thought you'd like to know that on Monday they're going to have the final services for Ben Scully at St. Jude Catholic Church there in Westlake Village. So I thought you'd be interested to hear that because I know you've been in that area for quite a while. In fact, my daughter is moving back from Denver. She's moving back into the Westlake area. She just can't take the cold weather in Denver anymore. So it's going to be interesting. Hey listen, thanks for joining us buddy. I really do appreciate it and we'll have you on again soon, okay? I look forward to it, my pleasure. You bet. Okay, thank you Stan. Okay folks, that was Stan Harley at a Harley stock market letter if we can get a rough idea of where we are on some of these things. You've got the gold trading in 1805. We got the S&P trading at $42.31. The key level to watch there folks, either today or tomorrow, it must close before $42.35. I'm going to let Peter Lides tell us about that tomorrow. I looked at what he was looking at but with the fact that Mr. Harley was saying on the 27th, you know, might be a really important day and it happens to be a full moon and there's two days away from one of the biggest days ever in the markets and that was August the 9th of 1983 and that's when the bond market stopped going down and started going up and it went up for 26 years. So that day hits in my mind around that time it's very, very important. Also folks, we talked about this crude oil. We get to 95, we're trading at $94.52. That's up a little over 12% in just a little bit. By the way, Mr. Shane's million has just popped in to let me know that we also have Paragy where the earth is as close to the moon as it gets. We owe that to our good friend, Mr. Pythagoras, who was the first person to talk about that and talk about the square root of numbers and he knew the distance between the earth and the moon was 250,000 miles and he knew that folks in 667 BC and low-operated. Where was the rest of the world for 1700 years? Okay. We'll be right back. 877 976648 This to Gold owns and operates the largest gold project in Australia, the Mount Todd Gold Project. Mr. Gold just completed their feasibility study resulting in a 7 million ounce gold reserve. Mr. Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted transaction. Mr. Gold trades on the NYSE American and TSX under the ticker symbol VGC. Mr. Gold executing a strategy to create shareholder value. 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. 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Available to all tigers and tigers for just $1 for the year. There's no catch 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 of the treasury bonds and the reason why I did that is I've been trying to try to get you to trade ideas patterns. This has been in a downtrend. That high on the left up here that was an exact, you remember 382 on the weekly at 146. We had lower highs today. We had the retracement here a little above the 382. Look at just keeps dropping and dropping. I mean the trend is certainly down. Those are the ones. If you're in a bad streak or something just find a market that's going down really, that's really a better way to do it. We try to pick tops in here they're not tops but they're called trading patterns and that's what I try to do now. A lot of these don't work. That's basically what you're looking at. Just take a look at this today I was watching this morning because the market was so crazy. I was just watching it on an 8 minute chart you'll see here all I think is a 4 minute chart no 8 minute. You'll see I had a potential of 8 excuse me, 42.69 we only got the 42.62 and then of course we had a pretty substantial break and then we had a rally back up to the 382. Folks write this number down 42.35 if we can close below 42.35 today or tomorrow we've made a major top in here but if we go above that let's start getting around that 42.50 43.00 level this market can make a new high without any trouble at all and why I have no idea all I know is it could possibly do that so you don't want to stand in front of it so keep those cards and letters coming in live every day in an attitude of gratitude and may God bless and always stay on the green side of the grass and only read the first edition of the newspaper very very important we'll see you all tomorrow folks our guest tomorrow will be Peter and Lydie he'll be on for most of the show because he's got some great information as always we'll see you tomorrow