 of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. The following is a presentation of TFNN. Okay, looking good. Billy Ray feeling good, Lewis. Yesterday we had Paula Webb Douglas on the line and she was telling us about the mental part of trading which her and her husband, Mark, worked on for many, many years. I met him in 83 and they became my second family. Actually, Mark was the best man at my wedding and Paula married us because she happens to be a preacher, which she works for the San Bernardino County Sheriff's Department over in Palm Springs. But we worked a lot on that and when I went to work for Commodity Corporation back in 19, it was January of 85. I worked with them for two years. The first thing they told us is when you are in a situation for trading and there's a death in the family, if there's a divorce or if there's been a major accident, you're going to put on a three months sabbatical and you'll be paid full and when you come back, you'll be working under the eyes of some of the other traders to make sure that you're doing the right thing, which I certainly understand that because of the emotional part of that. Yesterday, right during this show here, I got a phone call from New Jersey and it was from the hospice worker and also the doctor that's taking care of Dr. Steve and they told me on Monday that he probably had two days to go and this was Tuesday so I figured that was the call and that's why I took it and it was just the opposite. He came out of the coma and he was doing pretty good and I spoke to him again today and he's actually doing pretty good and of course the doctor told me he said that's not unusual. He said that his long-term outlook is not good and I said that's what I like about medicine doctor because it's the practice of medicine. Give me the doctor that stopped practicing and can do it right. I say that with tongue and cheek but I wanted to tell you of my, we got Mike on the, is Mike going to be with us today? Sure Larry. Hey Mike, how are you doing? Hey listen, why don't we do your segment now and I'll finish up my segment on the second half of the show and then we'll have you on again at 2.30. How's that? 2.30? Okay so we'll do a segment now and then we'll do a segment at 2.30 because these heating oil gasoline and crude oil are bouncing everywhere and you had that called pretty good. Tell us what you're looking at and then we'll look at the S&P and maybe the gold too. Okay you want to look at the so energies first? Yes let's do the energies first and also including natural gas if you could please. Okay where's my screen share? Okay thank you everybody who's watching. I hope you're having a good day. All right so we got crude oil here has rolled over a bit as you remember from our last call we left that minor bullish reversal below here just doing a little backup even before that the break below 65, 31, 30 and back above I said worn a decent strength which I said could last for days we've seen 8.58 of that so far and then Friday we left a minor bullish reversal below worn about we've seen 3.44 of that from the 7.45 open and then the trade above 7.278 should bring in decent strength let me just see give me five seconds while I calculate something here I'm 194.2 because I don't have my other screen at 191. So a decent penetration in there today is 82 ticks and got to see if this made 82 below you're right here I'm sorry I just had guests over here you do 166. Right so we have seen a decent penetration back below this line that means I'd be out of all longs and I'd be short the crude again looking for this to roll over for the next couple of days that line is coming in at 7159 minus 2.5 ticks per hour that's this one right here and be risking 82 ticks above back above there that one's a pressure for days if we leave a maintained gap open lower tomorrow that's going to leave a bearish reversal above a moderate bearish reversal above and you want me to look at the unleaded gas in the heat Larry yes please yes we certainly would like to cover the energies today so the unleaded gas we left a minor bearish bullish reversal below also three days ago and that one the break back above this line on Sunday night was really the key there that I said should bring in substantial strength that was a trade above 237 29 which I said warns of a significant strength for days slash weeks we'd seen 1426 of that so far but like I said that crude oil now puts a warning that this this gas may roll over a bit here so we'll have to see and the heating oil this also left a minor bullish reversal below four days ago it was on Friday I said we would want to hire a trade we've seen 13.81 cents of that so far and obviously if you ever want to career translate that into crude crude dollars you just times that by 0.42 for anybody who was wondering and then the trade above 234 31 I said want to continue strength you'd see a good sense of that so far 8.02 and we're just I think I said today has a good likelihood of seeing range expansion in there I think we've almost got the same as yesterday so far so it still still has a piece to go and the Brent here looks very similar as the WTI that also violated its line pulled back right up here so this would probably be a lower risk short and obviously we'd seen a nice run up over the past couple days in there then the finally the gas oil up the minor bullish reversal below there four days ago as well and we also broke back above that major formation in here which I didn't say I didn't say this particularly has any particular projection to the upside but there is a good likelihood that we'll see a hundred dollars out of that but so far a hundred dollars over what period of time Mike you know another week and a half okay I guess we've already seen without four grand of contract and just some other things to pay attention to oddly enough that so here's here's an interesting point or watching the curve of the crude oil right so for those who get my analysis this is the June de-spread now the June de-spread that the gap opened lower two days ago and then further left the bearish day yesterday and then if I said if it violated this bullish reversal below it would further warrant pressure in the complex so in here on Mike we gotta we gotta pay a few bills can you hold that for we'll be back in three minutes folks eight seven seven nine two seven six six four eight Mike more more analytics currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out teddy keg stats tiger forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t-bonds as they both influence forex markets tremendously when you sign up for the tiger forex report you also gain instant access to teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today visit the front page of tfnn.com tfnn educating investors steve rhodes started his trading career as a student almost 20 years ago and the student has now become the master steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment steve rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter mastering probability and you'll receive access to seven of steve's educational webinars absolutely free at tfnn all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors are you looking for a way to consistently add winning trades to your portfolio tom obrien is here to help tom obrien has been successfully trading markets for over 30 years a frequent contributor to td ameritrade network and cnbc tom obrien found a 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 obrien'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 toll-free at 1-877-927-6648 internationally at 727-873-7618 hey we're back with michael more and more analytics please continue michael thanks for having me again um so i wanted to just point this out to crude and energy traders that paying attention this happens to be the six-month curve so this is the six-month spread in the crude oil between june and december um this can often be a harbinger of what's going to happen in the outright and you can see in here i said that um i put some of this stuff on hold and i said um as we left to maintain gap lower tuesday which is bearish and today and yesterday's this was yesterday's going into the downside follow-through is also bearish a decent 24 ticks trade below 185 will further negate the short-term bullish reversal below and add to bearishness so this was the first thing right here three days ago that gave you a warning that this crude mate might move over and it's only today that the outright um i mean it's been rolling over since up here but didn't fall back down below but today it's actually fall back down below that line as well as the june dease has also failed a minor bullish reversal below that it had below um in the heating oil we already looked at oh the other spreads i just wanted to mention were the are above the heat spread this has been bearish since the breakdown below this line to the tune of 3700 a contract and then the break below this line to the tune of 2700 contract but in here i said we're likely in a bullish correction against the move down from the high so we're just chopping around in that we'll probably go up to test some higher levels before back if rolling over to start a whole new bear structure the only other option is it could be a bull structure if we take out these highs if you keep on rallying but uh so in general since we're still below these in general it's bearish but short term it's bullish if that makes sense which means that the the unleaded gasoline is strong relative to the heat or the heat weak relative to the are above and the in the heating oil crack we talked about the other day it said it hit a major um sorry let me just change this uh held a major exhaustion level in here that i said could see a significant bounce in days weeks ahead you can see that right here uh the final exhaustion at 2353 to 2212 which had the potential to bring a substantial bounce from the 2267 low we've seen 534 ticks of that and even more today and again this just goes to show you understanding which of these to be longer short um the heating well difference between that and crude is about 5600 over a period of a week and the the gas crack i also said we're starting a bullish correction and we've been rallying up out of that from the break above this line right here the break above this line and then a further break above this line you take out this line it's really gonna should really rally probably for another 3400 ticks um that line comes in at roughly 3242 so that means that if we were to rally and continue rallying you'd be better off being long the unleaded gas if we were to dump and come off you'd be better off being short the crude oil and last but not least we'll jump over to the natural gas we had left a minor bullish reversal below rallied up for two days and we've just been chopping around if this low holds i said that this was at exhaustion level at 20310 we talked about that on a previous show and rallied up i think 224 ticks right um 224 ticks if this low holds that exhaustion level does have the potential to bring in a rally that could be 990 ticks from the low and if it doesn't see that like we thought it would over here or over here it's still giving you a nice pop out of these different exhaustion levels do you want to take a look at the do you have any questions on those no no that's very clear i like to see the spread stuff because you know i don't look at spreads like i used to when i was uh doing grain spreads and stuff but they work just as well in the energies but uh let's go on uh let's take a look at the s&p how's that okay so the s&p 500 we left that bullish reversal below warned about on the on the uh fifth and rallied up and been chopping around a bit here um it's a pretty heavy volatility over here over the past couple days we have not violated that bullish reversal below we would have to have a decent penetration below 4098 and a quarter to violate that and so the market's trying to decide what it's going to do right here whether or not this is just a big pullback in a bigger bearish correction well whether we're starting a new bull structure to to run to higher levels if we take out this formation above that's going to project this upward 44 points that comes in at 41 65 27 minus 21 per hour starting at 12 30 and i think if we start taking these out you know the 41 12 and a quarter let me pull this up for you in a second 41 15 75 to 41 12 and a quarter i think we start settling down below there we're probably going to knock it right back down to these lows and then test for lower exhaustion levels and if we do take this out and this runs us up above these highs this could be the start of a new bull structure so we'll have to see any questions on that before i go to the gold no let's go to the gold it's been wild enough so let's talk about the gold so the big the big story in the gold we talked about a couple days ago on larry show is this big thing in bold here okay i said the solid trade below 20 62 90 warrants of solid pressure for days slash weeks and your average volatility in there i think is around 25 29 dollars an ounce right now so we tried to come back up a couple times to test that stop above there we couldn't get it here with the 20 68 10 stop the stop is above the 20 68 we tried again to pull up here to 20 56 couldn't get up there and i think it's rolling over to continue to test below these areas it takes out this line right here that's going to warn of pressure for 92 dollars in addition that came in at 19 99 20 plus 0.4 of a tick per hour starting earlier this morning that comes in right now at 20 06 90 and likewise the only tricky thing about that is there's some exhaustion levels we'll have to deal with right below that line and obviously this is a lot of congestion right here so a decent break below you'd be getting short right into a lot of this congestion so it might be a better off play waiting for the decent break below there and then a pull back to the line or even towards the stop before you short it because there's a pretty good likelihood that we will see that okay mike we have a question from one of our listeners is do you follow the open interest and the commitment of traders on these projections that you're looking at i don't but they're of a lot of value so if you're looking at them i would continue to do so that's what a professional trader a lot of professional traders do i just got so many things i'm looking at that you're price oriented and that's where the action is so i certainly agree with that there's there's a lot of value though so i mean that's an astute question okay well we got it no i think we're okay listen mike we're going to have you on uh this told me here at tfn we're going to have you on tomorrow at 130 okay okay because i have to you know i have to follow what they're telling me this we're going to have you on tomorrow at 130 and i've got i'll send you a couple things that that questions that they wanted to work on that the people have asked and we'll work on those tomorrow and then cover some of these other things that they have in their mind as far as maybe treasury bonds we're just we're done for today we'll be back tomorrow at 130 okay thank you sir appreciate it thank you my friend we'll see you tomorrow at 130 like more and more analytics folks we'll be right back the gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market the us futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xAU hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to tom obrien's gold report newsletter now at tfnn.com everything in the universe is governed by the fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks you need to pay attention to and you can trust larry's analysis after all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from larry on 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you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com okay folks this is the chart of the gold yesterday we said that we hit this level here which was a 61 percent retracement of the high right back right up there and it was 78 percent level of that high right there and from there we had a pretty good break to the downside now when we know that these things break the 382 retracement it tells us with a pretty good degree of certainty that we're probably getting ready to have a move to the downside if you were watching that today and we happen to be doing that i am going to bring this to your attention here if i can hit the right button and i think there is the right button this is a small eight minute chart so each three bars is a half an hour and as you can see we had our first 382 retracement right here and then we had the big one right here and of course we've dropped about ten dollars an ounce from that level this was not to be unexpected folks yesterday when we were on the show we talked about the same thing happening in the silver market and we want to get up here and i'm going to finish the story about the commodity corporation in just a moment but i wanted to cover the precious metals we went right up to our beautiful abcd at the 786 level the 2620 in silver saying that that is most probably going to be a very significant high now if we use the same train of thought like we did with the gold is after that high is made look for the 382 retracement i know this seems like really simple stuff and it probably is but simplicity trumps complexity and as you can see here there was your first 382 retracement there was your second 382 retracement and this is a strong trending market to the downside now on the first part of the show i talked about being a county and commodity corporation and they put you on sabbatical for three months with death um or a divorce or an accident those are the ones well i went through a very emotional thing yesterday as most of you know and i had a nice long talk with uh paula and she said you should tell the folks in because i've been doing this for so long some of the most important things that have happened to me that were emotional january 20th 1970 i was with illy lily i was in new york on a thing and they had the they always flew commercial but that day they took me back on the corporate plane and uh we landed in tear hote and they told me my mother had had a stroke and she was very near death she was only i at that time you know i was uh i was i was how much was i was uh i was i was 39 mom was 46 he was uh she had me when she was 16 she just turned 16 when she had me and so we were very very close our whole lives i spoke to her every day every day and anyway as she passed away the second time that it was very emotional for me was when my daughter um jill had an infection and she was at cedar cyanide medical center it was a lung infection and it was undiagnosable and they really had a hard time and fortunately because i was in charge of the illy lily stuff for usc and also for cedar cyanide and lily i gave in my i didn't write the checks but i delivered the checks to the department heads you know for the research stuff and so i got a lot of extra stuff and so we had the best doctor in los angeles area his name was tom calcotera he was married to the actress sandy duncan who was on a laugh end i never met her but i had i did i did know tom and uh he said uh i think i can take care of this he said but it's going to take a couple hours he said how will we know he says well if you see me walking down the hall he says that's not going to be good news and so we waited about three hours and we were standing there my wife and i and we heard the door open from the surgery area and out he walked and i looked over and all i heard was a thud uh my ex-wife fainted and he came running down the hall he said no no no of course by she's out of it and everything was great he just wanted to tell us what had happened there had been a little cyst on the top of the lung and he was able to take care of it but she had to be revived that was uh very very emotional for me and uh uh the other one that was really emotional there's two others that i that are very important this was in uh april of 1986 i was in sandalisa bispo and jack lillain's wife lala elaine her nickname was lala i had a psychic and uh she said i want to give you a session with this psychic so i you know i did it as a favor because i don't believe that stuff so i go out to the dunes there and uh pismo beach it was a windy day and it was a little chilly had a little jacket on and the lady was there very attractive woman in her fifties and uh she said here we'll sit here on the blanket i says it's kind of windy here she said no she says that'll pass and i'm saying what do you mean pass i'm watching the i'm watching the wheat grass or the uh the uh sea grass you know blowing in the wind it was really windy we're sitting there on the blanket and pretty soon there's no wind and i'm watching the grass around me blowing and yet there's no wind where i'm sitting and so she started telling me about my life and folks this woman told me everything about my life things that nobody knew other than me that i never shared with anybody and she knows she knew those things and how do you know that and she says well i'm in tune to what you're going through and she said uh and i told her i said you know i've done really well in financial markets and you know now i had just left conty or commodity corporation and i wasn't really doing much other than helping john with my licenses at at bateman eichler there in san louis and in santa maria and she said oh she says you're going to be extremely famous you're going to write lots of books he says you're going to travel all over the world and uh you're going to be on tv and all kinds of stuff and she said you're going to have many women in your life and and here i am you know about as monogamous as a as a catholic priest and uh she said that you're going to live a very very long life and uh she said you're she said i'm just really happy to even met you and i'm saying to myself are you kidding me and then uh write a book are you kidding me i never would thought about and a year and a half later i had written astral cycles and since that time i wrote a bunch of books and i've traveled all over the world i've been on tv i'm not as famous maybe so i'd like to be but i'm still pretty happy but that that to me was a life changing event to me and my health has been good i'm you know still able to chew some of my own food but uh you know that was the main thing and then finally the only one that was ever related to money was this one and that was when in in october 1980 i was at drexel and uh it was i had shorted gold at a 61 percent retracement at around 680 dollars an ounce remember the high had been 865 we broke down to about 400 and then into into october that year it was right out of 61 percent retracement on that friday and i had a position on i had 400 contracts for i was trading 20 million dollars 400 contracts was not a lot it was a lot but anyway i was uh i got up to well i'm probably not going to be able to finish this on this segment but we're going to try to do it anyway when we come back from the break but uh the first thing i did in the morning i'd get up at five o'clock and i took a shower i had a radio in the shower so i would listen to knx tv at knx radio and i'll tell you about this when we get back from the break 877-927-6648 you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal Chapman and your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors 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 market's 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 biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 8664767523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC this program is brought to you by vista gold traded on the nyse american ntsx under the symbol vgz okay folks i was telling this story about october of 1980 i was short a bunch of gold and i was in the shower getting ready to go to work and i listened to charles odd good charles osgood of cps news coming out of knx out of los angeles every day at uh at 515 and he said ladies and gentlemen he said war has broken out into the middle east he said iranian jets have hit the iraqi power nuclear power station and the price of gold is soaring i'll be back in a few minutes and i'll tell you folks uh the 400 contracts that i had was spread over probably 70 different accounts and it was i knew and i figured well 100 an ounce maybe 200 an ounce and i've got you know 40 i got 20 million so if i lose eight million it's october and we had a fabulous year god it was a fabulous year i said well i'll work out of it so i'm not going to worry about it i turned off the i just i i didn't even bother to dry off i threw on my sweats no suit and i i got in my car and i was in i was in beveley hills in about 13 minutes usually from westlake village to beveley hills it was about 22 minutes and i was flying there was nobody there on the freeway and so by the time i got to the to the freeway i turned the radio on and this is like a couple minutes later and he's still going through the commercials and then he goes through a whole bunch of other news stuff and then finally it's about six or seven minutes from the time he announced this thing i said what the hell is it and then he then he says yes he said there's a war going on in the middle east and he said the price of gold is soaring he said the morning gold fix is up two dollars and 35 cents folks i'll tell you my i just can't i mean i i still get emotional about it because it was i said oh dear god i said please let it be trading by the time i get to the office because i knew it was going limit down because i when it when a market cannot react to that i got in it was down about 16 dollars that was 10 10 15 minutes later i had to open the doors myself the wire operator wasn't even in yet and i just picked up the phone i call gold brothers and i sold another 50 contracts spread out over a bunch of accounts i should have sold 100 but i was a little nervous in any way it did go limit down and it went from that level at 6 uh 686 it eventually bottomed that when tom will brian said it bottomed back in 2001 at 256 dollars now i didn't make anywhere near that but that october of that year i had i had made seven figures which was a considerable amount and i had just a great year but that was it was so apparent that everything was you know the news was so bullish and that market could only be up two dollars and 35 cents on the london fix and uh two or three years later i'm on an airplane uh going from chicago to uh new york and charles osgood is on the plane and i walked up and i said i want to say something to you and you won't believe what he said to me he said sir he said i just read that shit i don't write it and i started to laugh i said no no i said and i told him the story and he said oh thank god he said you can't believe how many people really rag on me to think that i make this stuff up he said i just read it off the teleprompter i said yeah i know that but you know i said it was a very emotional part of my life but uh anyway that's uh that's neither here nor there i spoke to steve shapiro uh this morning again and i have to relay a couple of funny stories when steve moved there to san luce bispo in 86 his mother came out to visit and it was a sunday and we always uh at rafoni's house we always had salmon and pasta and uh try tips and stuff and would always have 30 or four people uh i know i said the s word i did but that's what i'm just i didn't say it because i would never use the s word that's what charles osgood good you should call charles i forgot all about that anyway we go to the party and mom's title bomb was uh steve's mother and uh she was a 76 and i was uh 40 no i was 50 so she was 26 years older than me and i said come on we're gonna take you to the party i didn't know steve at all and i met him once or twice but i said come on your mom's gonna come to the party and you know there'll be about 30 people there and she'll have a good time and it was right on the beach really cool so she goes in and uh jack lelaine and his wife were there every sunday and uh they walked in and she mumsey and and elaine were high school and grade school buddies from uh upper new york or long island or someplace like that and when they saw each other and jack of course knew mumsey and it was just like old home week it was just really really funny to see in fact here's strangers from many many years in this little tiny town of about 1500 in california so every sunday from then on we always met and had a had a great time and then i have one other story that steve said and this is i every friday when i wrote the astro cycles newsletter i had to write it by hand then take it into the printer the printer would take it and then we take it over to the handicapped section and they would uh at the sandless bispo place there and they would put the hand envelopes in and mail them out put the stamps on and that would be go out saturday morning so friday every friday i would go to the races down at santa maria off track betting there because mumsey liked to to play the ponies from her old new york days and so we would always go there and uh we would sit in this little tiny table at the end of the place and i would write the letter and she would handicap and stuff like that so i went over to make a bet and uh as i was coming back some guy was uh about her age she would be probably about 80 was sitting at the table you know talking to mumsey and so i came up and just just off the cuff i said hey man what are you moving in on my action you know she's she's 30 years older than me and the guy gets up and he runs out and she says to me boy she says hanging around you means i'm never going to have any more fun that's not the word she said but i'm never going to have any more more fun hanging around you this is the last day i'm going to come down here with you of course she was joking but they laughed about that and that story got around sand loose a bispo that i never did live that one down that was uh that was one or two of the many that were there uh there's a couple others that were really funny that involved well i don't want to get into it now anyway that's it we hopefully i i made it through the show today this part of it we'll get to the second part i got a lot of really good market stuff folks but frankly i had no trading today i i saw seven great trades today i wouldn't even click the button i just uh i just emotionally for the fact that i was able to talk to my friend again was really uh really pretty good and i'm very apologized for saying the s word i i even um i just slid it by slip of the tongue but that's not bad after 3,900 shows i've never done it yet so that's the first one and so i'll use uh what would i what would be my defense on this but we'll see what happens with that we got some really important things happening in the market today folks and i will cover those uh on the next show coming up because uh that you you if you don't believe in fibonacci then don't listen because you won't believe it because there there there was only one that didn't work and uh that was in the t-bots everything else was just absolutely uh almost too precision like you uh were hoped for when you're trading so we'll take a break eight tfnn.com tfnn educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal chapman in your inbox every 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refund within 30 days of signing up subscribe to the fibonacci 247 newsletter today tfnn.com educating investors tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the tiger's den available to all tigers and tigers for just one dollar for the year there's no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv okay folks i've uh put the uh the one of the 382 patterns that we looked at today the one that lost was the treasury bond market that one did not work the next one we're looking at here is the gold this was an eight minute chart there were two of them they are of course gold has broken down quite a bit from that level if you remember yesterday this was the same sequence of events because i wanted to show that what happens on one day will probably happen on another day and as you can see here we went right up to the 382 here on the uh soybean uh july soybeans then broke down and made a new low and tomorrow we have that monster crop report that we're going to be talking about when we uh move on to the uh next one to look at and then today if you were doing the same thing and preparing yourself uh shut the front door and raise the rent hold on just a minute here and i'll get this up here for one second here and we'll take a quick look at this here is the one here for today you'll see that you made the uh there was your other 382 then you came down and made another 382 and uh that was right there and of course it's trading about 10 cents under that uh level right now there's so many of these i'm not going to be able to cover them in this segment but i'm going to be covering them and i've also i've already mentioned the one in silver and also the one in gold but we want to cover some of the others in the stock market because they are just as important and they have a lot of really good action today which tells us that yes we are starting to move lower part of this was caused by this beach by Jamie Diamond saying that things are not really copacetic here in Camelot and uh remember he runs a big bank 877-927-6648 we'll be right back