 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, looking good, Billy Ray. Feeling good, Lewis. We'll start out today like we usually do, the German DAX. As you can see, that ABCD pattern that we've been following did complete as expected. We've had a little bit of a pullback since that time, but very meager. The next chart we have to show you folks has come from our good friend Mr. Z in the den. He's got a chart here that just is really pretty cool. He's already posted it in the den, but I want to post it again. We'll be able to get this up here to see it. It just shows the relationship in the S&P between the high that we made in September, which was a new moon. And then the high we made here just the other day is also a new moon within three days. And so that's a perfect ABCD, folks. That's what that is. If you look at the slope of the line, the slope of the line, the rate of ascent is nearly the same. That means something because it tells you the market's in pretty good harmony. So let's keep in mind that because it looks pretty good. Now, you remember I've been talking to you quite a while about the profit objectives in Apple. Let's get this up here. Now, folks, remember, I am a technician. I don't know Diddly Squat about the Federal Reserve. I know it when it was formed there in Georgia and Jekyll Island. After that, it's come as you go. But anyway, the number we were looking at was 245. We did hit 248 and change. We closed at 243 and a quarter. And we've got our earnings today. And as you know, Apple has a tendency to really blow the whistle when the earnings come out. So it's probably going to be an explosive move to the upside. But that has completed. And there's a possibility, very slim, that this earnings thing might be either just okay or maybe slightly disappointing or whatever, whatever. I don't know. But anyway, that is a completed pattern. I don't know where it's going to go from here. But because of the earnings, we could make a new high. But I don't think it'll accelerate past that because it's such a long-term pattern. Folks, we're looking at this on the daily, the weekly, the monthly. This is a really, really big pattern. Now remember yesterday, we were talking also about Softee Microsoft. And I wanted to bring this one up to you because here's our game plan. If you remember in Softee was if it closed near the low end of the range, still above the gap, it was trading at 142.83 on the close. Okay. Now you notice he had the beautiful butterfly pattern there. It's just a perfect A, B, C, D, right just a tad above the 1.27. The high on the stock was 145.66. It closed at 142.83. Well, the game plan was as you sell it on the close at 142.83. And if it doesn't open lower, it has to gap lower. And I don't think it's going to because the market's steady this morning. So I don't think it's going to open lower. So whatever that is, and someone let me know, I'm not in this stock. I'm just telling you this is right out of the rules that the guy that really thought it's called the 98% rules. What it's called. It was done by a guy named George Cole in a book called Keys to Speculation back in 1936. I believe that John Hill led me to, I have a copy of it. But the gap that we had way back on the 16th of September comes in at 142.50. So that's going to be an interesting thing. I don't, this is my opinion is because I was expecting the market with Microsoft doing this. I would have expected it to open sharply lower. Now, if this, let's assume this for a minute. Okay, that this was, let's say this was soybeans and this is what the pattern looked like in soybeans. If soybeans did not open lower and the opening is going to come here in 20 minutes in Microsoft, then you get out of the trade, whatever the loss is, it might open $2 higher, 50 cents higher. I don't know what the opening indication is in Microsoft. I'm just trying to show you this pattern. The reason why is it's a very rare pattern. You hardly ever see it. And it's also called the two black crows. But anyway, let's see where it opens this morning and go from there. But I just wanted to give you an idea that those patterns have completed. The price objective on the Apple was 140, excuse me, on Microsoft was 144. And the high was 145 on that butterfly pattern. So we'll see how that works as we go through the morning. I have some really good news, folks. Tom Hougard has decided to be a regular guest on TFNN on Fridays, signing to a long-term one month contract. He's going to do it for the month of November, starting tomorrow. And hopefully we'll have him on for about 10 minutes. His book is out 181 pages about the stuff that we did in the seminar in London. The book is free. You'll have to contact him. I can't remember what it was. Hello, something was the email. But if you ask him for it, your book is out now. It's 181 pages in PDF file. And the few people that have been three people that told me that they really like it. I mean, I can't believe he writes 45,000 words and doesn't even charge anyone. I mean, that's really being philanthropic, I think. So that's good. Okay, can someone give me an opening indication on Softee? I'd like to know where Microsoft is going to open just to see what's going to happen. That's what I'd really like to look at if we could. And then we'll go from there. Let me see what we've got here. Okay, I guess it's about, well, not too much. Okay. All right. What were the other ones we talked about? We had one other one. Okay, where's the Google too? Let's get the Google up here. We also talked about Google. And let's get that one up here. Just hold on one second here. Oh, dear, I got something messed up. All right, hold on here. Currently, okay, that's going to mean you would lose roughly 20 cents. It's no big deal. You're not going to get killed in Softee if you did it. I'm just trying to show you the pattern. I don't even, I've never traded Microsoft. Anyway, but if you look at Google here, folks, there's a potential here for a triple top. You see the high we made in July at 1275, made another high at 1300 in April. And we made another high, yes, two days ago. That's a possibility of a triple top up here. That could be pretty negative. I don't know. That's just my two cents for it. So we'll see. So we'll see what happens. Anyway, it's sold off a little and we'll go from there and see what happens with the rest of it. But that's neither here nor there. Okay, let's talk about the bonds. The bonds are ready to rally. We've had a nice pullback this morning to the 78% level. Oh, if I could just find my chart, where is my bond chart? Please find my bond chart. Can't do the bond chart. All right, let's switch over to the gold market. All right. Here's the gold market. Yesterday we had this pattern that we were looking at in the gold. We got down to that triple bottom there. You can see we've now rallied up. Watch the key price today, folks, in the gold is at $14.99. Watch $14.99 in the December gold. That's going to be an equal move, ABCD format. And so keep an eye on that because that's going to be a very interesting one to see whether it happens. We're going to take a break here. 877-927-6648. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, TAS understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee, so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today and you'll find the TAS Profile Scanner under the Services tab. Sign up today. Tiger Realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels. 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Details on The Tiger's Den are on the front page of TFNN.com. For more information, 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. Okay we're back folks and we have a question about the Treasury bonds. I want to get these up here to take a look because we've been waiting for this pattern to complete. It came within about three pips of making the exact 1.618 expansion down there at 1.5803. The low we got to was 1.5806 and we've now rallied up to the 1.59 level. Today we sold off to the 78% level of yesterday's low, which was right around 1.5812. We're now back to that 1.59 level. We should get a move equal to what we had during the 23rd of October. That move went from 1.59 up to 1.60 and a half. So that would take you up to roughly 1.5919. That would be a 61% retracement off of that move. Folks there's a problem in the bond market. I mean we really, it's not being talked about very much. We see it in the repos occasionally, but you stop and think here. We've got the stock market at all time highs as we come into today. And the Federal Reserve is thinking about dropping interest rates. Folks, do you realize how weak the Geistaren economy must be for the Federal Reserve to do something like that? What am I missing in the thought process here? You know, I'm not the smartest knife in the drawer, but for heaven's sakes, I wasn't born last night. It was three nights ago. Something is not right here and I don't know what it means. And the problem is in the bond market. I've said that for a very, very long time that it's not the stocks that is going to be heard here. It's going to be the bondholders. So I don't know what's going on. I know there's pressure from the Trump—I don't believe that for a minute, Jim. I think that's all cannon fodder. I mean, you're not going to hurt somebody like the chairman of the Federal Reserve because he's a very, very wealthy man. You know, he was an investment banker, so he's put his chips away. So he's doing what he thinks he should be doing. I don't think he's yielding to pressure, but again, I don't really know. All I know is it doesn't make any sense to drop interest rates here. And the interest rates are really not—I mean, if you can't get people to do something at zero, what are you going to give them? They're going to have to give them two toasters, I guess. I don't know. Negative interest rates has never made any sense to me, and it's on a global basis, so that's my opinion, and I'm sticking to it. All right, let's move on to the next question someone had. That is about the hogs, folks. The hogs are down here, major support here at 64. They've got to hold this 64 level. Oh, there's something seriously wrong in the opigies. Let's get this up here to take a look at these Christmas hogs. That's cattle, just a second. There are two different things. All right, let's get the hogs up here so we can take a quick look at them, and you'll see here that they are down at that 64 level one more time, and they need to hold that—well, that's not true. They could get to the 786 at 62, so they're within 2 cents of where they really need to hold, and that would be a garly there. That would be a really nice one at 62 cents. I'm not involved in the hog market. I do watch it quite a bit. Let's switch over the modus operandi here over to the currencies this morning. Pay attention to the euro, folks. We had that rally up to that 111.15. We're now backing off. It's going to be an interesting test that we have here in the euro because it's trying to turn the corner here and be bullish. Whether it does or not, I don't know, but let's get the chart up here so we can take a look at it to review where we are, and you'll be able to see here that we're looking for it to get down here to about that 110 level. Right now, we're about 70 points away on it right now. So that's what I'm watching here this morning. So let's keep an eye on it, see whether it means anything, and we'll go from there. That's pretty much it. Any other questions that anybody else might have? Those are the main things that I want. Oh, it's a Bitcoin. We mentioned Bitcoin because we had that big rally off of that 78% garly. Hold on one second, boys and girls. Just a second here. Okay, let's get this up here and we'll get it. There we go. And you'll see that we had that big run up to 10,000. We're backing off a little bit, but very quietly in Bitcoin. So that news was precipitated by the Premier of China saying that they liked blockchain stuff in China. And so the whole world tried to sneak in and has to get involved right away. So that's neither here nor there. Okay, let's move on to the next one that we want to look at here. And we've covered the DAX. Oh, the crude oil. The crude oil has backed off much like we thought. Down to near pretty good support, folks. We got down to the low 54 levels. Let's get this up here and take a look at it. We'll be able to see it. Alrighty, there it goes. Okay, Ruby wants to talk about coffee and sugar. No problem. Ruby, what I've got to do here for you, I am going to do these lives. So give me a second here and I want to come up here and take a quick look here at this little puppy here. We want to do, well, let's do the sugar first. And let's get this one up here. Just bear with me here, folks. I want to do these lives so that we're able to see what we're watching. We want to do October. Nope, we got to do nearby sugar. Hold on just a second here. Okay. Right. It makes it leave. Well, this is not a very good chart because of the switchover. Just give me a second to update this. The problem is they switched over the contracts, Ruby, and I've got to make the adjustment here and I'm not able to do that right now. What we've done here, this is not a good chart, Ruby. I can't really bring this up. Well, I'm going to bring it up, but I'll tell you that it's not a good chart. And the reason why it's missing data because it's switching over, and let's get this up here. No, that's not good. Hold on just a second. I got to move it over just a little bit here. Alrighty. You see, over the past few weeks, we've backed off to this $12 level. The $10 level was for the sugar that we had for October, folks. And so sugar is still holding okay. We needed to get above $13 in order to get the trend started back up. Let's take a look at the old coffee and let's take a look here. Hold on a second here. Okay, this is second here. We'll get this moving. Alrighty. Hold on to the old coffee. Sorry, folks. I'm trying to get these things done and I'm just a little behind the graph right now. I don't know why they have coffee listed as KC, but that's what it is. Coffee's doing pretty good. We just made a... Oh, coffee's very interesting here. I haven't looked at this. Probably should start. This is interesting one in coffee ruby. We've got a really nice pattern here in the coffee. Take a look at this. We have a 135 pattern, folks. You see the high that we made? I don't know if that's... It looks like it's... Yeah, this is today's... Yeah, yesterday's high was a 78% retracement of the high from the 30th. It was also a 61% retracement from the high of the 16th. That makes it a 135 pattern. And if you look at it really closely, ruby, you'll see the ABCD pattern from the 14th of October up into the 21st, down into the 23rd, and then up into yesterday. That was a beautiful ABCD coming in at the 78% level of the high on the 30th and 61. So we'll take a break here, 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, six videos, and a full report to his subscribers in just one week. If you're a technical trader that uses patterns and retracements to trade, then Larry's service Fibonacci 24-7 is something that you must try. Right now, new subscribers can get a full 30-day money-back guarantee. With nothing to risk, sign up now to Larry Pezzavento's Fibonacci 24-7 by visiting the front page of TFNN.com under Trading Newsletters. The path of least resistance is David White's daily trading newsletter, and if you're looking for active trading ideas, then now'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 subscribers recently, and if you'd like to see the type of newsletter he delivers every morning, then visit the front page of TFNN, and you'll find the path of least resistance under Trading Newsletters. For all the details and to start your 30-day free trial today, log on to TFNN.com now. TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. 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 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 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. OK, we're back, folks, and we've had a question about Mr. Bill is asking a question. Larry, the name of the cycles group. I don't know. Could you be a little more specific, Bill? There was the foundation for the study of cycles. Is that the one you're thinking of? It used to be in Pittsburgh. I don't know where it is now. I didn't know if it exists anymore. But, yeah, that's it. It was the foundation for the study of cycles. I don't know where they are anymore. The fellow that was doing it, David Perales, he died unexpectedly. He was living in Spain, and evidently, he died unexpectedly. And I think someone was trying to take it over, but there were so many loose ends that they don't know what to heck to do. And Bill... Oh, shucks, I can't remember. I'm having a little bit of a... Hold on a second here. Anyway, that someone was trying to revive it, but I don't know anything other than that. I think it was Jake Bernstein and somebody else, because they were involved with a little bit of the Cycles program back in 88 when Tudor was, but then there's someone... There, you found something there. There you go. That'll be as close as you can get, just by Googling it, which will tell you pretty much what you're looking at. So that's pretty much what we're watching. Let's did the Microsoft Open, folks. Could you give me the opening on Microsoft, please? I just want to see what the pattern looks like. Sometimes they... Yes, Jake still does give seminars. He lives up where they're having all those fires up there. That's where he is. He's up in that Sonoma County area of the wine country of Northern California. Jake's right in that same area, so I hope he's okay. All right, no quote for me on the old Microsoft. Come on, boys and girls, you got to help the old cowboy out here. It's not going to be easy. $133.40 was... That was the opening price. Okay, thank you very much. All right, that's what we want to see. So that would have been... That would have been $46. That would have been a $0.60 loss on that because it did not gap down. Okay, now the same thing would happen today is if it closes on the low end of the range and still has that gap there, you've got to try it one more time. So we'll see. All right, let's just move on. It probably doesn't mean anything. Market's going to go straight up after the Fed. Everybody knows that, don't they? All right, let's look at one other pattern here that we still think is in play here, folks. We like this. We like this, and that is the... If you take a look at this soybean chart, this happens to be the March soybeans. We've been in this really tight consolidation now for two weeks. We're trading about a little bit higher than the price we have here, but as long as we can stay above $9.42, I think we've got a chance for the market to go higher in the soybeans. That's just the basic of the fact that we went so quietly in a correction here at this high level is usually pretty important. So we'll watch that as we go through looking at some of these. So let's keep a close eye on that as we watch it this morning. Regarding the crude oil, we're having a little bit of a bounce in here, folks, but I would use any bounce here to get short. We've made a major top up there at that 57 level, and we're trading at 54 and change right now. And that down $2.5 already, I think we're going to go a lot lower, but that's neither here nor there. The gold is very important to remember. $14.99 in the gold, that's a very, very key figure, equal to $14 off the last low. So they're still pointing down in the metals, folks. I don't know what's going to happen with the Fed in there today, but if the market gets about $15.15 for some reason and closes above there, that would change that whole scenario in gold. Let's just bring it up here to show you what that would mean, because you'll get it up here. This is the four-hour chart. Remember, we are trading $13 under the price that we're looking at right now. And this is $1507. That's the price from Friday, and now we're at $14.94, and that's down quite a ways. So you can see if we can get above that $15.15, then it's got a chance to have legs. But until that happens, it will take something like the Federal Reserve to make it move. So that's the way I'm looking at it. Okay, the transportation's are down. Transportation's completed a nice ABCD up there. In fact, I think I can show it here. Yeah, because we did complete it. Let's get it up here, because we had that big, strong day on Monday. You'll be able to see the completion here in the transportation's up there at just a little under $11,000. And we're trading under that now. It was down yesterday and down again today. Folks, there's not a lot of volume going on in stocks. That's one of the reasons why you had to be really skeptical to be short up here, because there's just no volume. I mean, if you had a lot of volume and a lot of big players, you'd think that this would be a blow-off, but it doesn't appear to do that. It's just making marginal new highs. Now, whether that means anything, I don't know. But look, we've got stocks like Google, Apple, and Microsoft all making major completion in patterns. And I have to believe in those, because those are the big ones. I mean, we're looking at a monthly charts on Apple and Microsoft showing you those big patterns. So I think it means something. That's neither here nor there. Let's switch over to the old British pound here, folks. We've had a little bit of quieting in the news over there. And that is a 135 pattern. You're right, Marshall, in the transportation. Marshall is on his game today. That is 135. Here is the British pound. We've completed that big ABCD pattern at 130. We're now trading down in the 128 zone. We're looking forward to come down at least to the 127 level, which would be equal to the last correction that we had during September, where it went from 126 down to 122. So four points off of 130 takes you to 126. And that's a 382. You've got to really look closely at the pound. Should we get down to that 126 level? It's going to be very, very, very, very important. The other one that is really interesting and we're setting at this level for so many days now, I think it's four days in a row. It's waiting for the Fed to do something. And that is this dollar yen. You'll notice that we have that 135 pattern in vogue as long as we don't get above 109. We're trading at 108, 38, I believe this morning with the Fed in there. We've been rallying for nine days. So whatever the Fed does today, and I would not be surprised if they didn't do anything. I mean, everybody thinks they're going to do something and usually do, they do pull a little trick on people occasionally. And someone's asked me if the Fed is politically motivated, folks. The Federal Reserve is a private bank, folks. They really are. They're right down on Pennsylvania Avenue in the Federal Reserve Building, but that's about the closest they get to being in the government. It's basically a private bank running our money supply. And they are supposed to be self-sufficient, which they are, and they have to go through Congress and they have to be appointed and stuff. But they're supposed to really work on the interest rates. And I just don't understand how they can drop interest rates with the economy where it is unless they see something in the economy that is actually scary. And they don't have a lot of wiggle room because rates are pretty low as it is. We're 2.3 or 2.4 in the Treasury bonds. So that's a toughie. That's the way it looks like to me. So let's keep in mind that that could be very interesting. We'll take a break here. 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 are building lots in the Tax Opportunity Zone in St. Petersburg, Florida. 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The summer is over. Gold is trading back above $1,500, and the 10-year treasury is hovering at around 1.5%. Tom O'Brien has been writing his weekly gold report for almost 18 years. There's no one that knows more about how the gold market trades and how gold mining equities react. New subscribers get a 30-day money-back guarantee, so you have nothing to lose. Every Monday morning, Tom publishes his weekly gold report with coverage of gold, silver, bonds, the XAU, HUI, GDX, the dollar, as well as more than 30 different mining equities. As of September 3rd, gold report subscribers have five active open positions with an average unrealized profit of almost 38% for each position. To see for yourself the types of profitable trades that are recommended within the gold report, sign up today by visiting tfnn.com. Will the S&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. 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And I'll get it up here right now so you can take a look at it. What Apple has done so far today is it opened right at the 382 up there around the 245 and change levels. It's now $3 lower with a lot of selling coming in. Folks, that's not a good sign for the earnings. Maybe somebody could get a tip off on those things. I don't know. It could be just baloney. But the fact that it only gets to the 382 level is really rather surprising. You're still showing the Japanese end. I just posted the chart of the Apple. I'm sure I did. Let's just do it. You know what I did? I think I hit it in the wrong room. Somebody in Venezuela is going to like that chart. All right. There's the Apple. All right. You see we had our high up there at 4960. Remember the ABCD came in at 45245. We're now trading at 42 and a half or roughly. So the fact that it only gets... Now maybe we reverse and get above this and everything's going to look okay. But just starting out, it makes one wonder, with earnings coming out today, what is somebody hearing or seeing that makes them think that it's not going to be a bumper crop in earnings? I believe the odds are 75% of the time the Apple gaps up with earnings. Am I correct on that? I heard that figure on Bloomberg the other day. I didn't write it down unfortunately. And if I don't write everything down, I'm usually in some kind of trouble. So let's keep that in mind. Okay. That's neither here nor there. All right. Let's get back to the currencies for just a second because that US dollar is at a... We could easily... With the Federal Reserve in there today, folks, all bets are off. But my assumption is that the US dollar is going to go higher, the euro, a pound, and some of those are going to go lower. That's the way it looks like from looking at the charts. And I'm a chartist, so I don't know it. Those of you that are interested in the Federal Reserve, there's two books. One is called The Secrets of the Temple, which is a good book. The best book to me is the book, The Secrets of Jekyll Island. That's a really good book. I like that one very, very much. And it tells you about the operations of the Federal Reserve. The bonds are bullish, folks. I mean, that's what we've been saying for two days here. That pattern in the bonds was very, very bullish. We were certainly due for this big rally, and that's exactly what's happening. So that's neither here nor there. We used to be at 167 on these puppies, folks. We're 10 handles lower or nine handles lower. That's a big move. And just a 3-8-2 move takes you up to 162. So we'll watch it. We'll see what the Federal Reserve does. It'll always be exciting tomorrow when we hear the news and go through all the things that we're looking at. Someone was mentioning Amazon. I'll bring the chart up here. No, no, no. Ruby, the days of the boat riding, if they can't do it with zero interest rates, they can't do it with anything. But very good, Ruby. Let's take a look here at Amazon. You'll see we made a double top up there at 2000. We came down and made major support here with that earnings thing the other day at 1700. We're now rallying nicely. We're not going to get much higher than the 3-8-2 on that, I believe, because this market looks like it's getting a little tired. But that's my opinion, and opinions don't count very much. But I'm just looking at the charts. That's all I'm looking at. We want to cover one of the currency here, and that is this Australian dollar, because it's going to make another attempt here just a little bit. We're getting very, very close down to this 168 level. Excuse me, 167 and change level. So watch it very closely. I don't know where it is today, but someone checked the Australian... Let's just let Larry check it. I can do currencies here without any trouble at all. Let's just get these right up here one second here, and we will get those Bondolis up. That's what we like to see. Okay, let's look at this... Let's look at this where we are here. Nope, it's still going higher. Let's get this... We'll update this Australian dollar, because it's still wanting to go a little bit higher here, I believe. All right, let's just get it here. There we go. Almost ready. Get the old chart up here. Any other questions you folks might have? We've only got another three minutes in this segment. I'd be happy to answer a question. But you can notice that we're looking at 169. That's up about 60 pips where we are right now. Watch these currencies during these Federal Reserve time folks, because they really do some jumping around. So that's a main thing to keep in mind. We'll watch that very closely. So anyway, we've got the bonds are up now, a full point from the bottom. That's a good sign. The first time we've had a full point rally in the bonds. That completes a small ABCD pattern. Folks, the low this morning in bonds, taking out the previous days low was at 158.12. That was a 78% retracement of the move that we had back on Tuesday or Monday. And now we're starting that ABCD pattern, which we're completing up in this area very nicely too. So we'll watch it closely, of course. The other thing is to watch the two numbers that I'm watching today folks from a trader is 1499 in the gold. That's a really important number for me as a possible topping area in the gold and also the number of 1512. If we get above 1512, that would change everything. Remember when you have the Federal Reserve in there folks, it's really emotional and it's really a liquid. So you've got to be extremely careful and you've got to be able to come in and say, uh-oh, well, you've got to put your stops in somewhere. But trade after Fed time. Don't trade right at Fed time because liquidity really dries up in there and these markets move very, very fast as you know. So watch the key numbers. They'll sort of lead you to the promised land. Hopefully there won't be any demons there from Jurassic Park, but one never knows. So one other one that is really important, let's get this up here. Don't worry about that life jacket, Bubba. You've got no chance of that one. This thing with folks, stop and think for a minute folks, how stupid negative interest rates really is. Yeah, Steven Swarchman on from Blackstone yesterday, he said that's the most ridiculous thing he's ever heard is negative interest rates. And yet they're feeding these people in Spain and Italy and Germany, Cappioca laced with cyanide. So there you go. Terry says, don't trade the action. Trade the reaction. You got that, Bubba. That's absolutely correct. A good idea, especially on Fed Day. We've already talked about the soybeans. We've talked about Microsoft. We've talked about the bonds. I think we talked about Apple. So we'll review some of these tomorrow. Remember, we are going to have Tom Hougard of Trader Tom is going to be our guest on Friday. He's going to be a guest. I've signed him up to a very lucrative long-term contract. He'll do it for the whole month of November on Friday. If it works out good, he'll continue to do 10 minutes a day for us talking about some trading technical stuff and a lot of psychology and his journey to where he became a super trader. So I think you'll really enjoy that and try to get his book if you get a chance because it's a fabulous book. It's free and it's 181 pages, 45,000 words of a guy who knows what he's doing and you always learn something from somebody like that. And he's a very good writer, folks. Not only he's a good speaker, but he's an extremely good writer. We're going to take a break here. 877-927-6648. I've 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, 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 to 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 too. 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 a must-have for every trader looking to gain a competitive informational edge in today's markets. 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Later, Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, 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. Get your two-week free trial to Basil's newsletter of the opening 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. Okay, folks, I posted a long-term chart here in the last seven, eight years here in notes. Basically, that's the one that determines the interest rate on your credit card, your automobile, and your interest rate loans and stuff like that. And as you can see here, we've made some lower tops in here. The whole rest of the world has been... That's not the whole rest of the world, but France and Germany and Italy have negative interest rates to me that anybody in this room that would give somebody money and pay them to hold the money with no guarantee that you're going to get it back, but you ought to go out and reconsider a new line of work. That goes back to Bernard Baruch's book, Autobiography, one of the smartest men in the finances during the 30s, the best friend of J.P. Morgan, also Woodrow Wilson, but he said, don't be concerned on the return on your money. Be concerned on the return of your money. So just remember, oh, Bernard Madoff pulled a scam like that for a very long time, and they're doing the same thing with this negative interest rate baloney, folks. In fact, if the negative interest rates becomes a thing that is in vogue, it's time for the old Walter and I to move out into the desert and start day trading natural gas or something like that. Anyway, pay close attention to some of these things, folks, because we're going to have some big moves after the Fed today, and it's going to be very, very interesting. The major, major area, where we've broken out at a new high ground and we really need to keep exploding above it. The key figure today to watch is in the S&P 500, the figure is 3051. Watch 3051 to see if it gets there. I say that, that's been an outstanding number for my friend in the UK for a very long time. We've been as high as 3047 so far, so whether that's it or not, I don't know, but nobody else does either. So we'll keep a close eye on that as we go through some of the things that we're looking at here this morning. So that's about it. I think we're getting ready at the end of the show here. We'll see you on the flip side tomorrow. Remember, Tom Hougard will be my guest. Try to get his book, folks, 877-927-6648.