 It's a presentation of TFNN. Trade, what you see with Larry Pezzavento toll free at 1-877-927-6648 or internationally at 727-873-7618 Now, Larry Pezzavento Okay, looking good. Billy Ray feeling good, Louis. We're going to take a look at this S&P 500 price to sales ratio sent to me from the folks at the LA Wave theorist through the auspices of the offices of MRRR up in the wonderful state of Washington. Anyway, you'll notice here that the high from the dot com bubble was 2.36. The high from the top in 2008, it was 1.71 and now we're at 3.11. These are all-time highs never seen before price to sales ratio and also earnings to sales ratio. Both of those numbers have never been this high in the S&P. This is where we get the valuations and why prices, they should be here because sales and all this stuff is going up. So I just wanted to bring that to your attention because markets move those. I wanted to take a couple charts here that I think are pretty important. One is from Thompson Reuters and this was long before, I used to use Reuters years ago and before we had charts all the time but here is the Thompson Commodity Index and I wanted to bring it to your attention for several reasons. You'll see the ABCD patterns that are there but if you'll notice on the far right there is the top was being made. I put a great green dotted line there showing the three drives to a top pattern and this could mean that these commodities have maybe reached a peak and boy the grains are certainly acting like it. They're not nearly as strong as they should be given all the fundamentals and the same thing with gold and silver. Wire, gold and silver lagging so badly when we have things like Bitcoin and Ethereum and all these other things that are going to the moon yet no one's interested in the gold market. So I think we need to pay attention to that that it may mean something longer term so we'll visit that another day, of course. Okay, now one other one that I think is relatively important here is the what's happening now with the US dollar. I want to walk you through this because we've been watching this very, very closely. If you'll remember here we had this three drive to a top pattern then we had the market come down and then we made a double top and then we had a nice four day pullback stopping exactly at the 50% retracement. That was the area where we said if you want to get short the euro look for that and we got a nice, I think a 60 point rally in the euro to get you short and now we're moving like this. Now this is what this is setting up for folks because we've cleared the 78% level with a lot of ease. So what this pattern is suggesting is what should happen next is that we're going to see a move in the US dollar where we start going up here to this 93, 76 level that's going to take out the high from March. But something interesting has already happened folks let me show you what that is. If you have an interest stay tuned this might be it. Hold on this is second here. Let's get up here and take a look at this. This is the euro on a weekly basis and we've been waiting for this for quite some time. We've now broken down below that March load. Now look where the US dollar is. US dollar is far, far away from that. That means some of these other currencies are actually holding up relatively well versus the euro but the euro is not we broke down below that coveted one we're right at that 117 level we're ready to break that at any time that brings us down about another 150 pips to make that ABCD at the roughly 115, 150 let's call it 115, 50 so that's 150 pips to the downside so watch that very, very closely because that would make the US and the dollar index get up into that area of about 94 so that's it people that have been calling for the death of the dollar are wondering what's happening but that's the way it's going right now considering the bonds where they are and notes where they are I don't have any idea why the US dollar should be where it is but boys and girls that's where it is so that's what you have to expect because if you stop and think of what the government is doing with borrowing all this money and putting it out with funny money there's no reason why the dollar should be that strong and in fact the gold should be much, much higher based on the old days but we live in interesting times folks it's your Chinese curse but that's exactly what's happening so you got to follow what the charts are telling you that's pretty much it so keep your options open that's all I can tell you I had some questions about what I'm going to be doing tomorrow on the all day trading session I'll get up here this is what my charts will look like for tomorrow what I do is I set this up and I look at 15 minute charts because that'll give us plenty of time you know to find some really good patterns to look at and I would like for you to look at the gold that's the second column over on the bottom where it says QGCZ you'll notice here we have some really nice ABCD patterns here we had two nice setups today one at the 78% level at 1794 and then a beautiful ABCD buy at the 1782 so those are the kind we're looking at we'll be watching bonds we'll be watching the Euro natural gas, the S&P soybeans soybean oil and of course crude oil which also if you look at the third one over from the gold you'll see a beautiful three drive to a top pattern up there at 67.23 that had well over a thousand dollars in it in just a matter of time now we've done three of these in the past they've all been profitable days I can't make any guarantees of course but we're going to do our best to show you the patterns that we're using and how we use them and put everything together using the things that I've learned over the last 61 years of trading I know it's hard to believe that it's been this long John Hill just turned 95 the other day he's in a nursing home now in Hendersonville, North Carolina and unfortunately his facilities have diminished quite a bit so he doesn't remember me or just about anybody else but he's in good health he's able to walk around and everything but his memory has slipped quite a bit but the main thing I wanted to mention this all started for me basically in 1970 up in San Francisco at the Hearst meeting when they were talking about all these cycle stuff and the profit magic of stock transaction timing and he was an engineer and they were using I forget all those big terms they were using but I was a little confused and I was standing in the lobby there and standing there was my friend Peter and Larry Williams and they were talking to this gray-haired fellow and it was John Hill and I think this guy made sense to me and basically I got to have lunch with him and then he sat down on a piece of paper there and showed me A B equal CD and he got that right out of his old book that he wrote the commodity trend analysis book that we'll be talking about tomorrow and that's what moved me on to what I'm doing now because I keep it as simple as possible I don't use any oscillators I don't use any moving averages or anything like that people can do that and they are good at it but for me I keep it as just absolutely as simple as possible I want to know where I am at any particular time what my risk is on anything and that's what my edge is and that's what I try to do keep it simple and that's what we're going to be doing I've got about four PowerPoint presentations for tomorrow one is relative, well one is new and that will be mainly about fractals and mandelbrot and stuff like that but we'll cover that a little bit later now I wanted to bring, we have Stan Harley as our guest today folks hopefully at the break he's been very busy this week as you can imagine but he did want to come on today and chat with us and I think one of the things he wanted to bring to you is this chart on the advanced decline line and you too can ride the wave Basil Chapman is an authority in technical analysis his Chapman Wave trading system has been helping traders identify trends and capitalize on momentum in the markets since 1984 TFNN invites you to test Basil's proprietary Chapman Wave trading methodology with a monthly subscription to the opening call 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free at 1-877-927-6648 internationally at 727-873-7618 okay folks I want to give you an example of how these fractals and these numbers sort of fit into what we think about this is the Russell index going over since March I put in the large ABCD pattern there that you can see from March into June a high that was made on March the 15th if you know that the high was made on the 6th of August that was an exact 61% retracement you can see that black line coming down from the high that was the exact 61% retracement but let's focus on what's happened yesterday and today you notice yesterday the Russell broke down badly and if you look at the blue line there where the 61% retracement is at 2162 you'll see that was the low of the day today let me explain to you when you're trading and you're looking at things short term to try to find how to enter the market if you're expecting that to occur hold on just to get this up here with a little bit of luck and here is the luck coming in you'll notice here that what the Russell did today was it came down and went exactly within a one point of the exact 61% retracement at 2162 the low was 2161 half and we rallied 20 some handles taking out the high of the AT that sets up a potential ABCD all the way up to 2204 not still in a downtrend but from a short term perspective that's what you're trading against when you're against these algorithmic traders folks you think they don't know these numbers boy they certainly do because the market can't stop on these numbers you know by accident they just can't that's what we're trying to do is to use that as an edge and to see what's happened I am actually not convinced that we've made a high yet and the reason why is this market should be substantially lower after making you know 44 73 and then dropping all the way down to 47 16 or 44 16 and then snapping back you know 61% a little more than 61% of that and not only that but the Federal Reserve out there today and they always like to chatter and whatever they want to do but this market is one thing that it is telegraphing ahead of time get ready for increased volatility nothing like we've ever seen before I think we've seen some stuff in the past it's been a little scary especially with things with these game stops and hood and all the other things but by golly I think you're going to start seeing it in just about everything that's going to upset the apple cart for some of these folks that are not prepared for it so just get ready watch that VIX index folks that's a measure of implied volatility right now it's only about 18 and we've seen it as high as 84 before so we'll expect to see volatility increase that means your premiums on your puts and calls are going to get extremely high so if you're a put or call buyer try to look into the mirror and change your look up a little bit and start to be an option seller because that's where the money is option sellers win about 85% of the time option buyers win about 15% of the time those are good odds so try to learn to be an option seller you'll be far better off than if you try to buy it's okay to buy them occasionally because they get underpriced sometime and that's it also we want to thank Ruby for giving us a heads up on something that we hardly ever trade and that is the coffee but it was in the news because of the freeze you notice we got up to 220 then the market came all the way down to 175 and we said expect to see a 382 retracement and 8 days later there it came in exactly at 190 and now we're trading at 182 that sets up a potential ABCD pattern all the way down to 155 so at least if you did that you'd be in a very nice profitable position and you certainly wouldn't want to lose anybody on that trade but that's how you want to try to set these up now the charts that you see on 15 minute or 5 minute or 2 minute or weekly daily does make any difference all the patterns are the same the ratios are the same it's just the amount of risk that you have to take when you're dealing with a daily versus a weekly chart there's a huge amount of differences there what we're doing for tomorrow is looking we're going to be looking at dailies of course we're going to be looking at new stocks but we're going to try to line up the patterns that we talk about every day here and show you that yeah you can do this it just takes a little bit of practice and you got to learn to do it with baby steps and remember folks trading is 90% metal and I flat out believe that more than ever I used to challenge Mark Douglas about that I thought it was more 50-50 but after working with him here in the office for a couple of years it was 90% it's that important so we have to remember that when we're doing that it's a thing that's really important someone's asked a question about the Euro yes it has broken major support folks well we've already broken it for sure now whether this is a false breakout or not we don't know but what would happen is you know what was that quote that Yogi Bereseth 80% of the game was 50% metal or something like that it was really funny but I can't remember that whatever it was another Yogiism but I got to meet Yogi Bereseth once in Las Vegas at a old-timers golf tournament and God he was hilarious but also got to meet Mickey Mantle and that was a lot of fun okay let's move on to a couple other things people have asked me questions about the the gold and silver folks silver is acting badly we had a long silver yesterday and the gold has broken down a little bit hasn't broken down much you can see by the chart today we had a $17 move which is the half of the harmonic number which we'll be talking about tomorrow too but we have to do it a little bit at a time because when you're dealing with a contract that's worth $170, $180,000 you got to get your risk down that's applicable so that you can not risk an arm and a leg using a $2,000 stop like some people do to me is just not that much fun so what I try to do is to get down to a 15 minute chart so that I can narrow the risk down a little bit of course your profit objectives can still be pretty good but at least you get your risk down to where it should be and that's slower and that's what this whole thing is all about I think that's the key to remember also remember folks that the let's just one second I'm sorry I got the wrong thing up here I want to get up here one second here here is the chart on the Dow E-mini that's why I think we might make one other high it could be from Fed saying something but we could get about 150 to 200 points higher in that Dow Jones the S&P cash market has already made the that was it it's already made its major target and Fed has certainly done that and then it's also started to roll over a little bit but it's still holding relatively well it hasn't broken down all of these come down to major support points and bounce right back so they're not indicating that the market is not turning now we got as low as 4416 I believe I think it was 4410 yesterday and yes and me and we immediately rallied 40 handles a bear market doesn't rally 40 handles it rallies to the 382 and then rolls over so don't be surprised if we see another high I don't know if we will or not but and now the Russell is acting pretty good that's been the weak sister maybe the weak sister is going to bring everybody else to the dance I don't know anyway we hope to have our good friend Stan Harley of the Harley Stock Market letter coming up here in just a few minutes and talk to us about what he's seeing and then also I'm going to try to get Tim Boss for a cameo appearance on Friday because he's nailed this thing to the absolute wall 877-927-6640 fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the Tiger's Den trading room only at tfnn.com the Tiger's Den is an exclusive trading room where successful traders from 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Hello Larry I am live in Well I love to hear your voice my friend and I hope everything is well with you and your family doing just awesome thank you good the question that I have for you is your first chart is the S&P weekly that you want to tell us what you're looking at here yes we've got a chart here of the S&P 500 Larry I I think equity prices are lofty and that's being generous I think we're very high and I think we're very close we're right at a market high it might have occurred on Monday or within the next several days but we're so close I think the markets are right at a pivotal high they've run up substantially since late October the nominal cycle in the stock market on an intermediate turn basis I have found averages about 34 weeks 8 months sometimes that cycle contracts to 6.5 sometimes it expands to 10.5 11 I think the one that's in play right now is on the expansion side we're 9.5 months into the cycle we are certainly going to have a low pivot for a high I wouldn't trade on that alone though but the the plethora of numbers the Fibonacci the Lucas relationships from past high low pivot points tell me we are we're right at a high if that's the case then I would expect a move lower for the next couple of months I would point out there's some divergences here and this week we saw the Dow and the S&P not so the Dow transports as we're going to get into here shortly not so the Russell 2000 not so the New York advanced decline line so the divergences are out there and that's how tops are generally formed intermediate highs are typically made well it's really really interesting now the question that someone's asked us about the advanced decline line how accurate has it been in the past I have very little experience with it because I don't do anything with stocks but at bottoms does it do pretty well and does it the same as it does with tops well the advanced decline line is a tool like any other tool it's not that it's accurate or inaccurate it's it's how does one interpret the data generally speaking the AD line tends to peek out ahead of the final cyclical high that's not a hundred percent but I bet it's probably 90 to 95 percent so the the AD line by the way peeked out when you and I spoke out when you and I spoke several weeks ago it peeked on July the 2nd and here we are now August 18th so the AD line peeked out more than six weeks ago and the Dow and the S&P have crept modestly higher since then what it's doing it's just telling us that there is a divergence going on that the popular averages is measured by the Dow and the S&P are not being corroborated by the advanced decline line and some other indices so I put that in the mix put it in the sifter give it a good shake and that tells me that the the structure there is not supportive for a continual market advance well you know Stan and I talked to Stan and I talked just the other day and Stan said you had some really interesting statistics on COVID you want to share the folks what you're looking at here Stan this is really interesting to me absolutely and Larry the COVID situation is just a real real tragedy for everyone that it has impacted fortunately I have not been afflicted with it but a lot of other people have some people have mild symptoms some people get very sick and then sadly there have been many many fatalities I wanted to do this for a long time I finally spent the time I spent the entire weekend looking at this but I pulled down the COVID data from the CDC website and what this chart on the screen is showing us is the daily trends in the number of COVID cases going back to the very first in January when the CDC began compiling the data and this is a daily count and the peaks in the data occurred on April the 9th of 2020 July 17th 2020 the really really high peak back on January the 8th another peak on April the 9th and then and here we are here in mid-August so I sat down cleaned off my glasses did a very detailed inspection of the data and oh my gosh I found a trend here that conforms to Fibonacci relationships the pattern is certainly suggestive of an 89 week cycle which is which is due to peak in early October and interestingly enough the daily data tend to fluctuate with the peak in amplitude of 89 calendar days the next chart shows my regression analysis of the data series so I plugged in the peaks and found that there is a cycle based on the regression modeling this is a mathematical technique that finds the best mathematical fit to the data and the analysis shows there's a peak to peak cycle averaging 90.5 calendar days well you and I know Fibonacci numbers and tells me it's exactly 89 of course that's very close to 13 weeks but I doubt seriously the virus knows that there are 7 days in a week but the virus probably does know there are 89 solar cycles in the human species and the virus is clearly fluctuating based on that 89 calendar day solar cycle the virus knows and so you might scratch your head and think well just look at the data clearly there is a cycle fluctuating right near the 89 calendar day mark in the peaks in COVID and infections and the next peak the 7th cycle since data began occurs right around the 8th of October so that tells me here we are in mid August the COVID situation is not going to lessen it's going to get worse for the next two months it won't be straight up but I see COVID picking out right in the first week in October and then turning down from that we'll have to see but sadly I see the situation getting worse and the fatalities will probably be less and so like looking at stock charts I'm not laughing I'm not laughing at all there will be a divergence that is my guess is we will have some kind of a double top maybe even a higher peak with the January peak in the numbers and the fatalities will be less that will be a divergence just like looking at stock charts that will mark the orthodox high and that will be exactly 89 weeks from when the pandemic began wow this is great Stan I really enjoy this and I know our folks do too because the fact that it's in the news all the time they're just constantly telling us that so many people are dying very negative hey Stan thanks for joining us buddy we'll have you on in a few weeks and be safe my friend Stan Harley folks are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg Tampa and Clearwater markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property 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 from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call Tiger Real Estate LLC today at 727-329-8322 or email us at Tiger at TFNN.com that's 727-329-8322 call us today to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at TFNN.com for only $37.50 Sign up for Dave's newsletter the technology insider and get an inside look at everything the technology sector has to offer try at risk free today with our 30-day money back guarantee TFNN educating investors now may be time to take a closer look trade C-H-A-U or C-H-A-D directions daily C-S-I 300 China A-Share bull and bear ETFs China A-Share in either direction visit DirectionInvestments.com 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 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in 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 for side fund services LLC 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 someone asked me to put up that chart of the goal that we were looking at in the other segment that we first started talking about what we'll be looking at for tomorrow I look at a 15 minute chart in gold because it moves you know five six hundred dollars easily usually closer to a thousand today from yesterday's high 1797 we dropped 18 dollars right now to 1779 that's the half of the harmonic number and as you can see here in the far right here since today when we first came in you can see here we hit the 78% level up there at 1794 we came down right to the exact 786 at 1784 we rallied up 10 dollars to the exact 786 to 1793 and that gave us the ABCD pattern down to the buy down to the buy part at 1779 and that profit had a $800 profit on the downside and now we have $700 profit on the upside I don't know what's going to happen tomorrow but this is the kind of thing that I look at each day and if you get used to using 15 minute charts you just have to be just wait until you see the pattern complete and if it doesn't complete you don't have a pattern to work with I another question that someone asked me just over the weekend and I didn't know how to answer well I do know how to answer it but whether you're going to like the answer or not I don't know why is it that I've shied away from Elliott Wave well the main thing is is that every time I was around these Elliott guys Bill Minor and Glen Neely and Bryce Gilmore and Gilmore taught me more than anybody else they were always focused on whether it was a 3 or a 5 or a 2 or a 4 and all I did was I looked at ABCD and that's pretty much what we're looking at someone just pointed out to me I missed one folks hold on just to show you since I'm talking here someone just pointed out to me that I missed the biggest one of all and that was this one right here let me bring this up to you be able to see we had a double ABCD there in the gold so that confirmed that we were you know spot on right at the money now getting back to that question is you know Elliott when he started doing this stuff and he did it with frost Robert Frost and they took it right out of what Elliott did in 1938 and they had a special little ABCD pattern is different than what I use I use what came out of Gartley's book on page 220 249 and that was basically the same fractal that Mandelbrot talks about in the father of fractal analysis is that seed pattern which is the ABCD and you see it here on this gold chart right here over the last two days it's just been you know pretty much spot on it's just been yet two beautiful ones and you don't get them like this all the time but now what you've done here see we've got another we've got another we've got a trend lower now you see we have lower lows okay and lower highs so we have a trend lower so now what we have forming is we have what we call the one three five pattern let me get this one up here and we'll bring this up to show you this will be another pattern that we could be trading for for tomorrow now things have changed because you see we have the ABCD pattern here we bottomed at 1779 the market should rally no higher than about 1788 we're 1785 right now so right around 1788 would be a completion of a pattern you're selling three lower tops in a downtrend you're risking $3 and that's what you're that's what you're looking for so hope to see that Mr. Z is asking a question on the bounce to $44.49 too short well the actually yes the answer to that question yes we were we were recommending this well I was saying look for a sell up in there around that $44.49 level but remember you got the Fed out there today so I would not be in this market when the Fed is there today because they they're very counter and I don't like to get involved with the liquidity because you know big traders will not have orders in the market they won't be in the trade they'll have orders on either side of the market after the Fed talks but right when the Fed talks not many people want to be in that because they can say something that can literally move I can remember back and I think it was 96 when we're trading live at around 1030 in the morning here in Arizona and Alan Greenspan dropped interest rates by half a percent and the S&P left a $50 gap I mean it just literally gapped up like I'm sure some of you folks remember it but I don't remember the exact prices but we left a gap and that bankrupted so many traders on the floor of the exchange but no one really cared about that so that's the way it happened and that's the way it is so that's the risk of you know things that happen in this business they're very rare so I don't like to be around it during after Fed time and no problem at all no problem at all so we can certainly get away with that anyway I hope that I hope that helps what we're watching here today anyway if you have any questions 877-927-6648 and the other thing you want to watch here is if you're watching this Goldchart is watch what folks the markets do nothing they repeat over and over again and if you can start to find some of that repetition it's going to be very very helpful for two reasons one on your risk control and two on what your profit is just let me let me give you an example I'll do it with this gold market since it's doing the right thing here is the first here's the first correction in the gold market let me get this up here so you can see it right here there's your first correction see that black line that went from 85 up to 93 rally 8 dollars so the next time it rallies should rally 8 dollars and I'm going to get it up here right now to get it up here so you can see I'm not making this up there's your 8 dollars comes in right at 87 that's all we've been to so far so it's done exactly the same thing and if that's the case then gold should start to come down pretty soon so now if you're wrong you know you only have to risk about 3 dollars to see if you're wrong there because if it does something different you know something's not right and you want to stand the side so I hope you understand what we're looking at so let's keep that in mind as we go through some of these charts that we're looking at today one other person asking a question about the grain markets and folks they're just not acting very well let me give you a perfect example here I want to get this one up here this is the lead contract in the in the bean contracts which is the November bean contract I want to get it up here to show you remember these are really bullish reports that we've been getting here and I want to show you what we've done so far here in the grains here is really quite amazing because yesterday's high in the grain market was nothing more than a perfect 61 percent retracement up there at 13.79 now we're 23 cents lower than that with really bullish report folks so that's not a very good sign and of course today we're down quite a bit but that's telling us that markets should have been screaming you know and it didn't and that's a market feedback that uh-oh maybe something's not right and maybe it's Chinese not buying maybe the weather's getting better maybe the farmers are not reporting like they should but something's telling us that this is not acting like it should now if it holds these levels and goes back up again yeah then it looks really bullish but right now it's not acting that way okay I hope that helps all right we're gonna have take a little break here to pay a few bills 877-927-6648 and we'll be right back sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN dot com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at TFNN dot com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors markets can rise and fall like the tides subscribe to Basil Chapman's newsletter the opening call and you too can ride the wave Basil Chapman is an authority in technical analysis his Chapman wave trading system has been helping traders identify trends and capitalize on momentum in the markets since 1984 TFNN invites you to test Basil's proprietary Chapman wave trading methodology with a monthly subscription to the opening call newsletter for only $149 your subscription to the opening call comes with a 30 day money back guarantee as well as daily market updates on key indexes stocks and commodities ride the wave sign up for the opening call risk free today introducing Primal Edge today it's even more important to take a supplement to complement your health Primal Edge is specifically formulated to boost your immune system and help with weight loss better sleep stress reduction and the need to detox on all their nutritional requirements in the wild environment but today our food sources don't contain the vitamins, minerals and nutrients that we need to stay healthy and strong that's why we need Primal Edge daily nutrition it includes a special blend of ionic soil based vitamins, minerals fatty and amino acids in an easy to use liquid form Primal Edge is powered by highly concentrated humic and fulvic acids nature's preferred delivery system they've been called miracle molecules that cause like sunlight, air and water without them life cannot exist that's right Ellen they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning Primal Edge, just $89 exclusively at TFNN.com Hi folks this is Steve Rhodes stay tuned for another great hour of the traders edge heard here at TFNN.com okay folks I've posted the daily chart of the treasury notes this is the largest of any of the commodities that are traded it's not most volatile the bonds are you know much more volatile than the notes but this is the big one that's got open interest I think close to 6 million as opposed to 4 million 4 million in the bonds but the thing is that we're looking at a really bearish market folks we've had a ABCD pattern coming in at the 382 that started back in late March on the 23rd and we peaked here and you notice here we had a little bit of a sell-off in a 3-day rally and now we're starting to go lower this is telling us folks that interest rates are going higher and not lower that's the main thing that you want to keep in mind if you look at this I'm going to bring this up here on the weekly basis so that you'll be able to see it I'm not going to draw in the pattern because it's so prevalent that everybody that's ever listened to this show knows what that ABCD is but you can see here on the weekly basis it's going to be quite quite negative here and this tells us that if this thing ever gets above 140 then we're definitely going to have zero interest rates but why anybody would give you zero interest rates when you had got inflation knocking on the door of 6% and the government printing money faster than the fries supermarket can make tapioca so and that happens to be my favorite Thursday treat anyway let's keep in mind here sometimes they don't and you want to keep in mind it's not how much money you make it's how much money you don't risk that's the key thing what do you have at risk and that's what you really want to try to excuse me the old Palo Verdes are back today so we'll see what happens hopefully if you get a chance join me tomorrow we'll have a lot of fun hopefully we'll make a few bucks and I use hopefully and I think we will have a good day no matter what happens and then also you'll be able to do it the following time we do this which will be in the middle of November I'll probably do the last one and you'll be able to get them both