 trade what you see with Larry Pezzavento all 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 well I'm gonna give you my best two cents worth I've been up all night and I'll try to give you what I think is happening for what it's worth and if you pay more than two cents you've overpaid we've looking at the US dollar index here folks you can see that big right in the middle of the page 0.382 that we made just the other day at 9480 we are now getting ready to take out those highs you'll notice the ABCD before those highs we were long the Euro there and it broke down and then at the 382 we went short the Euro and at the end and those are working pretty good we're gonna see what's going to happen here but that's what I think is happening now folks we we live in interesting times and we've never gone through anything quite like this before I mean I've been through the wealth in the last 60 years I've seen just about everything but you know this is different than 9-11 it's different than you know the SARS it's different than the Ebola at least that's that's what they're telling us so we're basically at World War against the virus all countries are in the same thing hope we stick together whether we will or not I don't know somebody always wants to make a edge whenever they get something like this but it's going to be interesting I'm going to hopefully we're going to have Bill Meridian on the show today to talk to us a little bit that I know it's not going to be a full show of Bill because he's he's as tired as everybody else but we'll get an idea but my my here's my two cents worth I think it's pretty much a mathematical certainty that these mark the commodity markets and the stock markets will probably close sometime this week for a few weeks maybe as long as two weeks maybe four or five days I don't know remember in 19 in 2001 we closed for I think six trading days it's in the Constitution that we're supposed to be open four days or not closed four days in a row but during times like this they probably do something because commerce is shutting down now the foreign exchange markets will not shut down because that's worldwide commerce and they're still going to be doing business this is going to be small and it's going to be a blessing because it's going to get this thing in under control a lot faster than if they don't I can't believe that some of the things that we're seeing here in Philadelphia when I'm there I play poker at this little place called the sugar house they're having a big poker tournament on Friday a spring poker tournament I couldn't believe it even our little casino here in Tucson it's a very small Indian casino which is in foreign land they can do whatever they want they're open but there's nobody in it I mean there's there's no more poker there's still people playing slot machines but there's pretty much in it the markets in Philippines that's that would be like closing pork bellies and they closed a long time ago hey that's my two cents worth and like I say if you overpaid you pay too much you know so anyway I want to show you folks and I've been doing this for a long time and I don't get I don't get a maze very often but I've been putzing around with this artificial intelligence thing for a long time and I want to show you what happened last night because even I didn't believe this let me get this up here so we can take a quick look at it this is a two-minute chart and I'm going to get it up here look at it I'm you know unfortunately I'm going to be mumbling but bear with me here okay look at the time between two and four you'll notice the little dots up there that's when the market was limit bid for two hours and you'll notice that the AI program for four four bars eight minutes after that was supposed to end you can see that that's where the turn came and look what happened it went all the way down to the bottom that was a hundred hand that was a thousand points in the Dow Jones folks and then we had the rally back now I'm giving you a bunch of charts and stuff in a way they believe me not I don't care but let's take a look here here's what I think is going to happen if we get this this is Christmas day multiplied by about 10 in my opinion all right let's get up here and take a look at it okay Larry lighten up Mr. Valentine has set the price all right if we happen to get up to 2565 sometime today or tomorrow if we're still around or Thursday if we're still trading look at that one very closely from a sell point boys and girls because that's going to be the second ABCD that we've had in this bear market actually the third one because we had the one back on March 1st when the Fed dropped the bomb of dropped interest rates of whatever it was and so now that that'll be it that that that will be it if it's in so and no matter what happens here folks it's going to be okay it really is no that the short sellers are not going to close the position and they're first of all they're probably not going to give anybody a heads up on this and and believe me folks if you're if you're in the market and they close it it's just like it was Sunday okay it just it just closes and then they open again just like we did in 9-11 then 9 in 9-1-1 Arch and I the market was still trading when the first tower was hit okay then the the Arch had called me and told me the Pentagon had hit C&N didn't even have that yet okay and and and the S&P was still trading down about nine or 10 points and I had a chance to sell it and I said oh this is going to be bad and I just and I was already short and I said I and I'm just trading trends and and the the the market was still open and I said I should sell some more and I said I don't want to do that that's just not the right thing to do and and then of course it closed about 9 30 or something right before the New York Stock Exchange opened I believe I don't remember exactly and we didn't open before five for I think it was six or seven days that we finally opened and the market rallied a little bit there for three or four days as I recall and then rallied up all the way to a 61 percent retracement yeah yeah well the market ain't going high right away but mr. t anyway let's uh boy I'm really I'm having a rough time hey please don't call in today folks because I won't even be able to answer any questions I'm going to do my best to mumble through this because I think these things are important we talked about silver hitting the long term 1.27 expansion on the weekly chart at 1177 we rallied up to 1310 in silver last night last night and this is something we talked about here in the show is to watch for a retracement in the silver and watch for a retracement in the gold so if you'll take a look at this this is what we had this morning I sent this out long before it happened and that was to be buying that gold right around 1468 the low was 1466 if we look at the silver we'll take a look at that one we did pretty much the same same pattern in that one and I want to get it up here if I can find it and there it is we'll get the silver up here that was the gold okay gold's moved up a little bit from that level here's the squares the silver at well the silver's doing the same thing I can't find the silver I'm looking right at it and I can't even find it so that's not a good sign but the silver did exactly the same thing so both of those held up and if now what you do is you put your stop at break even and hold your hold your horses that's really about all you can do here so sort of pay attention to that okay all right now those are the main things watch the stock market we're heading down to about 1950s what I think not in the s&p but we'll see 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 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investors can meet exchange ideas and information in a comfortable moderated atmosphere here all of the tfnn shows plus see all the charts as they happen live and have access to archives of all of those charts you can test drive the tiger's den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you details on the tiger's den or on the front page of tfnn.com tfnn has launched our brand new website you can still visit us at the same tfnn.com URL but when you do you'll see a new and improved homepage with a much simpler navigation whether you're watching tiger tv live in high definition or just accessing your newsletter subscriptions we even have new pricing in six months and yearly options check out the new tfnn.com now and experience all the upgrades tfnn.com educating investors all now toll free at 1-877-927-6648 internationally at 727-873-7618 okay folks i posted the silver chart i did find it and i put it in there showing you the garter lead it completed on the smaller 15 minute chart after that bottom was put in we've had a pretty nice rally off of these things so if you bought that bottom make sure that you put your stop at the break even point for heaven's sakes that's a main thing that you really want to be i'm going to be talking now about the australian dollar i've just posted the australian dollar yesterday if you recall the australian government shut down they basically shut down australia the market actually moved 100 pips and people were seeing how bullish that was and i said yes there's a strong possibility that is bullish because it was exactly at the 1.618 level but then i put a giant caveat in there because i said if this thing breaks below that level it's going to be extremely bearish and you'll never guess what happened take a look at this failed pattern folks you see how it rallied for one day rallying about 100 pips which is you know substantial amount of money a thousand dollars and then you can see what's happened it's broken down badly and broken below everything i mean that this is uh this is what we're seeing in the u.s the u.s dollar is very strong folks and it's not in most assets are been been hit and they're going to be hit a little bit more i don't know what's going to happen here i've not lived through anything like this before i do know we're going to be much stronger after it's all over my fondest hope is that these countries that ones that don't get along very well like iran and israel and some of the others will join hands and say yeah we ought to probably do this by the way marshall thank you very much it is st patrick's day to those of you that are irish and those of you that wish that you were irish but anyway we'll see that people here in tusan it's business as usual the stores are open the restaurants are open there's no panic anywhere even the casino is open i got a flyer last night i told you from the casino there in philadelphia they're having a big poker tournament on friday there's no concern there and yet most of the restaurants in the philly are already closed so so some people just do not believe that there's something not right here i happen to have the first instances of one of my students his family in has contracted the the virus they're they're resting comfortably in their house but they do have it and they're not they're not panicking or anything and they're having a little increased fever and a tiny bit of sore throat a little dry cough and but other than that there's no no seriousness there because no one in the family is at a you know an age where it's going to be good which is they're probably going to be they'll be immunized once this thing passes so we'll see now when bill comes on when bill britain comes on at the break he's going to be talking to us a book that was done a long time ago uh what's that darn book called it was called oh the end of days by a girl named sylvia brown he's going to be talking about that and uh yes they were tested and they uh they do have yes that's the reason why marshal is that casinos are in a foreign country uh at least here in the united well in i don't know about philadelphia but here in arizona i think we have about a dozen of them they're all on indian land and that means it's on federal land it's a foreign country and so they have their own rules and laws and stuff but uh well well well you know folks this is really uh the old chinese curse may you live in interesting times is certainly upon us now the thing is we've got to live through this and things are going to get a lot better now i have a very strong feeling that the markets are probably going to close sometime between now and friday maybe even monday i don't know i think they're going to close the reason why is they're closing everything except uh you know the essential things and pretty soon the essential things are going to close too and that's probably the best way to try to control it so we'll see if that's going to be the case yes yes jimmy we're going to have bill meridian talk to us about that the problem with that book well i'm gonna i don't want to to take a bill meridian thunder and op and we'll you know it will let him tell us talk about a little bit bill happens to be in the states right now so that'll be good he'll be on in about eight or ten minutes and we'll be able to look at it the price of meat on the commodity exchanges is just absolutely collapsed now let me let me give you my two cents worth folks we have had a collapse in heating oil that's been monumental into new low grounds for the year we've had a collapse in gasoline prices where gasoline should be selling for about a dollar 70 a gallon and it's it's still selling for a dollar or for 230 here in uh here in tucson so that that something's not right here the open interest has dropped badly in the uh crude oil means that the shorts are covering that market's actually increasing now we got crude oil trading for around 28 bucks a barrel they're supposed to be selling it for 25 in saudi arabia yet our oil on the commodity exchange that we're looking is actually held up above those lows that we made the other day at 2770 that that's a that's and i'm short oil that's one of the things we have on for our people we're along the euro and the end they're doing very well and uh we went along with gold and silver today and uh we're out of the stock market and we got out of that at 2550 hoping for a rally which we might not get but we'll see oh well dollar 67 at casco well i don't know that that's good but boy here in tucson the price is still where it was two weeks ago at 230 228 to 230 a gallon that doesn't make any sense maybe just by the refiners i don't know so we'll see what's happening anyway i need to give me one second folks because we're getting ready for the opening i need to check because i'm afraid if we go red on the s and p it's not going to be very pretty because of that move that we had last night i thought for sure with a limit bid that what i uh would look at it this morning i dozed off during the time when it was uh limit up and uh when i finally uh you know got back into the swing of things that it already it's been swinging 100 up 100 down so it's this is uh people are a little bit nervous as we say in the trade so we are going to get through this it's going to be uh see how it's going to be luckily this thing is not really uh well 343 in san diego because they got taxes there i think it used to be about four something a gallon but uh they have so many taxes in california that it's uh this is beyond belief okay uh oh like i mentioned we're hopefully had going to have bill meridian on at our break and let me double check these prices to see if uh see if we're holding up well we're still trading 24 25 that's okay uh let me see the currencies are the one see the u.s dollar and the euro see the folks if you remember that euro position that we were looking at that was uh uh you know well golly gee does anybody have any questions to help me out of this quagmire today i'm really not prepared and i don't like to be unprepared but there's nothing i could do about it oh i did do something here i wanted to show you the uh the flyer from the casino in philadelphia where they're having the big poker tournament this weekend on the 20th i just can't uh i can't believe they're doing it but they're going to so we'll we'll see what's going on um the other thing is the the prices of cattle yes it is deflation right now this is all deflation is this is this is fear uh folks this is fear in its in its uh in all of its glory the fear index uh is at one i believe i don't think it can go to zero but if you look on the news everything is related to this they're even not even beating up on trump which well now i'm sure they blame me for it but it's all it's all related to about this and and you know the the shoe hasn't dropped yet folks there's something out there that they haven't told us that's the that's the 64 dollar question hopefully we'll have mill meridian on at the break 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 if you're a trader in the market looking to find the path that leads to maximizing profits while decreasing risk then now is a great time to try out Dave White's daily trading service the path of lease resistance through the use of options and equity trades Dave advises his subscribers on a daily basis of the current market conditions and what possible trade setups are on the horizon the path of lease resistance is published every trading morning often with updates intraday when initiating trades or closing out positions Dave White has advised his clients of some outstanding winning options and equity trades in recent months and now is a great time to try it out for yourself new subscribers to the path of lease resistance receive a 30-day money back guarantee see for yourself the types of options 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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 okay folks we're back and i'm not sure this we do have bill meridian on the line bill how are you okay i'm speaking to you from my home in new jersey i got out of austria 24 hours ahead of the travel ban wow well i want to wish you the best of luck wherever you are my friend we live in interesting times i was wondering if you might talk to us just a little bit about this book by sylvia brown called end of days there's been a lot of flutter about this on the internet the book used to sell for about 358 on a on the paperback now i saw the paperbacks being offered for $165 so could you tell us a little bit about that bill what book is that that that book sylvia brown's book uh end of days you you you talked about it you sent me something about it last week on thursday or friday oh well my brother sent that to me it just uh she wrote a book about the future and said in 2020 there would be some sort of a uh virus or plague yeah well i understand that was the only thing in the book that was right is that correct or do you know anything about that or no i don't but i think it's similar to the case where the guy wrote the book about the ocean liner hitting the iceberg and the the the ship was named the titan and it did that well before the titanic oh my gosh i didn't even know there was a book like that that's incredible bill tell us what you think's happening here give us your best guess yeah well i've been saying you know my cycles the weekly and the monthly cycle turned down and i went bearish on i think january 10th i think of course the top wasn't until later but there were so many divergences that i just stuck to my bearish guns and uh a 38.2 percent retracement in terms of price of the attire move from 2009 up to the present would take us to 2350 on the s and p and i said that's the maximum downside if it and the timing on it was this week because uh both let's see the monthly cycle turned up a few days ago when the weekly cycle is turning up now and we are on turnaround tuesday so according to all my work it is i turned in wind bullish on friday which was a day too early i should have skipped yesterday because i never expected to get a down day of that magnitude but we've hit the 2350 level and we're at the cycle lows and i just wanted to add to this two things i learned first of all way back at 1970 71 i was at NYU and i had professor robert cabish who is now they have a chair in his name at the university and i i went to that uh i went to that they made a donation i went to that and i met greens fan and i met uh all the the last three governors of the fed bulk who was there and he had told us we said it was it um when us went off the essentially went off the gold standard with the uh when nixon was in office and he said well this means a permanent institutionalized course of inflation and well what effect will that have professor and he said well that means that the booms will become much more exaggerated and but so will downloads because there'll just be more money around and he said so bear market bull markets can last longer and so what about bear markets is well they can become more compressed and now arthur merrill i'm sure you know that that name he wrote behavior of prices on wall street and art was a harbit man a member of mensa i remember and i said art what is more important in determining a bear market price or time and he said well if i have to pick between the two i would say price i said so then 1987 that crash could have been a completed bear market squeezed into a few months and he said yes i think so and i think that's uh that's something one has to get used to the inflation has distorted the markets to the point where we get very very big up moves and then air pockets open up so right now as uh if we're at 38.2 percent as my friend tony plumber in london always reminds us if it goes below 38.2 percent that means the underlying fundamentals are probably shifted so if we hold here and keep go back up i i think we'll go up for a month and then come down again we'll be in a range like this until the end of september and then we'll have a strong fourth quarter but if it goes below 38.2 percent which means significantly below 2350 on the dow then it would mean the underlying fundamentals have shifted that this bull market from o nine is probably over and uh that is some economic damage it has to be uh corrected at the moment i don't think that but i know uh i always keep that in mind okay do you think anything that will happen the u.s. dollar has been extremely strong here these last uh six or seven days do you see that continuing uh yeah if you remember way back well maybe next time uh i'll put up the chart of the u.s. dollar from the old friend foundation for the study of cycles it shows the dollar from colonial times and if you took the prime and the time scale and the price off of it just asked anybody who's got some technical experience what do you think is that bullish or bearish they would all say bullish and so what i just keep that in mind whenever i'm looking at currencies that if you air with the dollar it's going to be airing by being too bearish and um you know last year it was fact my very experienced client in audabi american said to me uh you know jean gold and the dollar are going up why would they both go up together because their correlation has is correlations of minus one to plus one their correlation is usually minus zero point seven and it went to minus zero point two so until recently they were moving to december so well that can only mean a crisis it's coming because i know from living overseas and being in the middle east if a serious crisis is coming the world assumes that america can hold up better than any other place so they shift all their assets over here so yes i think the dollar is going to stay strong okay we have a question from one of our listeners and that is do you have anything the astrological that gives us any hope about this virus that's grabbed the world is it going to last uh leave stay i mean do you have anything at all that uh shows on your charts that would give us some ideas because you've had some really good things political i just wonder if you have anything that would tell us uh in the medical field whether this is uh if it's going to be longer short or any feelings at all well i've never really done a study of of pandemics but uh you know maybe next time you have i've got to write this up next time you have me on there in december is a jupiter saturn conjunction there's zero degrees apart which happens every 20 years which happens to coincide with the use ending in zero most of the time and if you look at that chart there's a planetary configuration with net zoom and right out of the book in fact when i sent it to my friends who do this type work i pointed out to them that um uh that the interpretation right out of the book was epidemics and so um and that jupiter saturn conjunction chart whereas it is not going to strictly define the next 20 years would indicate it's probably i think short term going to abate and then it's going to come back so i think it's going to be with us on and off for uh for some time and uh also while i'm on that subject the uh jupiter saturn conjunction chart the let me see i'm trying to remember it but uranis pluto is very strong and uranis pluto is very sudden shifts in financial position sudden shocks and panics well that's in the chart too so indicating we're probably going to have a pretty wild ride also it shows great breakthroughs in technology and um also it is uh it is happening on the winter solstice and it's one of i think i went back several hundred years and i can only find four that happened on the winter solstice so that's uh it's indicating that whatever happens during this period is going to be a time of world wow bill thanks for joining us my friend travel safe and our prayers are with you oh you bet bill meridian cycles research new jersey this week if you're in the cd market 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 the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30 000 to 75 000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year cd in the country as of february 20th is 3.1 a 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the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC the bull bear trading hour with Tom and Tommy O'Brien next okay folks I wanted to get back to talking about the euro had a couple questions about it here is what we've been watching here in the euro you'll notice that we had this little garly form yesterday really nice it came into 382 you had the abcd folks this is the exact same pattern that I posted for the e mini s&p if we get to 2565 it would be that same type of pattern so you know these patterns work sometimes they don't but they do give you a little bit of a heads up so if that's what you're watching you know take a look at it now we've had a big move here in gold here just a minute ago we rallied $40 an ounce so if you were able to buy that make sure you don't lose anything on that put your stop in about break even down there at around 1470 same thing in the silver that way you'd be in a free trade and with these types of markets free trades are not often very or not offered to us very often but but when they are you know it's relatively you want to take advantage of that that's the main thing is that's what these things are really really for us they're for for reducing risk that's what you're looking for let's take a quick look here at the Dow Jones here early this morning I just wanted to give you an idea what's happening so far on a shorter term basis we'll bring this up here this blue line has the our predicted line you notice we're supposed to make a bottom in here right about now and then we should rally until about 1130 watch that folks because if it notice how the high this morning was a 61 percent we're hot percent of the high that we made mid mid evening I went around seven o'clock in the morning New York time for 4 a.m. in California you'll notice where it was limit bid there for quite some time for about an hour then it came off we came down a thousand points rallied 900 have come down 800 so it's really crazy so the key the key time today is right about 1115 to 1130 if we're making a high up in there at that time that it would be a time to maybe look at it from the short side if it happens and you know like like we say sometimes it's good sometimes it's bad but we don't know let me just give I had a picture of this book I wanted to bring this up to you because Bill sent this to me this book was written by a woman named Sylvia Brown I know some of you folks have been following her but from what I've understood from the internet the only thing she got right in this book was this page here which was 312 and I don't know if that's the case or not but that's what it says it says around 2020 and remember this book was written in 1981 she said a severe pneumonia like illness was spread throughout the globe attacking the lungs and bronchial tubes and resisting all known treatments also more baffling that the illness itself will be in fact it will be written by it will be arrived and it will vanish as suddenly as it arrived attack again 10 years later and then disappear completely well any of that you can believe any all or none of it so who knows okay we'll see what's going on here oh she died in 2013 uh it was said that I was written in 1981 it said in the uh when the book was written in 81 it said because I saw a copy of it and we'll see anyway okay anyway hey look everybody makes predictions you know sometimes they're right sometimes they're wrong you're hey look you can do all the predicting you want boys and girls but when it comes down you look in the mirror that's the one you gotta that's the one you gotta pay to it's the man in the mirror that decides you take the responsibility for this you're right Marshall a broken clock is right twice a day whether it's Rolex or Timex it's still right twice a day doesn't make any difference let's talk just a tad here about these commodity markets folks uh the bonds tennis I think are going to be the next asset class to get hammered pretty badly we've dropped interest rates to near zero the bonds couldn't even rally with that in news I mean that itself is telling it it's good but the one that really surprises me is how crude oil can be holding here above 28 bucks because you know selling it for 25 and Saudi Arabia if in fact you're selling it I don't know but it's surprising because heating oil and gasoline have just absolutely been trashed I mean I think I saw gasoline at 80 cents or something on the futures market last night I think it crossed at 84 cents or something like that that's like a buck a quarter a buck and a quarter again that's half of what it is here so hey no matter what happens folks we're going to get through this we're all going to be a lot better also if and I'm probably wrong about the markets closing because I'm wrong a lot but if if they do the foreign exchange markets will still be open because countries are even though they're shutting their borders they're not going to be shutting the electronic borders so there's still have to do transactions bills have to be paid money has to be collected so that'll all be good and the commodity markets are running beautifully I mean the foreign exchange markets are running beautifully there's no ups and you know you limit up limit down but they are trading and they're trending in the direction that they thought they would be going to so watch it now someone mentioned that the pattern in the dollar index could be a broadening top pattern I don't see that as of yet I don't see any symmetry there that would tell us and I hey I could be wrong I will double check that but I don't see a double top well it could be a double top because we don't know what's going to happen when it gets back to that 99 level you know it could very easily stop right in its tracks and that's what we look for is to see if that's a case to do it with that strong thrust that we have here this dollar index that's a very very bullish factor folks so we need to watch that closely we one of the things that we want to do is I'm going to start doing this this weekend because we're going to have a little extra time on my hands is we've got to start looking at these commodity markets because many of them we cattle are so far below cost of production now that it's ridiculous I mean it's I think 80 cents on cattle that we're just trading in a buck 20 when we had that big pattern the big sell set let's bring that up let the folks see it here we had that big sell pattern in the cattle one second I didn't even do that one but let me here it is right here let's get the cattle up so we can take a look at it and this is you're not going to believe where these cattle are trading now folks they're they're trading below 85 now in cattle you see when we went through this the 1.618 there at 98 or they're now trading at 85 but you can see the triple you can see that the little the triple top up here the symmetry that was happening up there at the 130 level the key level folks was at 122 the market broke badly rallied up to a 382 retracement kissed that line and said bye bye and then you can see what's happened after that so that's the main thing that that pattern right there folks look at it closely because you see that little thing that that I just locked on there and 382 and said bye bye that's 2565 in the S&P so watch 2565 if it gets there because if it does it'll be a real interesting thing to pay close attention to so we'll see anyway if we do go red here in the stock market here this morning it's going to get pretty nasty I would believe but who knows six six one one or the other who knows in fact we almost uh did we go red we came really close did we yeah we did yeah uh no yeah we did we finally went red that's not a good sign got gold trading at 1492 that's up about 30 bucks from the yellow bonds sold off about a point and a half just in a heartbeat uh boy they're really they're really nailing Tesla really bad that's a that's stock even though it doesn't take any gas is still under a lot of trouble I don't know if it's because of the money rise or whatever so some of these markets have just gotten totally uh massacred eight seven seven nine two seven six six four eight I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the s and p 500 for the last 12 six and three months timer digest also 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fit your needs exclusively from tfnn stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors since 1984 basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and 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 it anytime during that trial and pay absolutely nothing get your two-week free trial to basil's newsletter 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 all right folks let's talk a little bit about the bonds we're trading around 7817 we had a high of 192 open interest is telling us that something really bad has happened in these bonds and they're probably not going to go up and make new highs and be my guess let's just take a quick look at them here just bear with me one second see what I've got going here only I'm going as fast as I can I'll just bear with me here pal there we go there's the treasury bonds you'll see here that we were trading at 7817 we had the big breakdown from 191 and change down to 171 we rallied up to 50% retracement there 182 that's when the Fed came out yesterday and shot all the cannons that they had in my opinion and I'm sure there are other cannons but we're now trading 171 we get below if we get below this 171 the price objective on those bonds is 162 folks all asset classes are getting hammered with the exception of the U.S. dollar so pay pay close attention to that it's very very interesting to see if that's what's going on now we're hammering getting hammered really badly in these stocks and that's pretty much what I was afraid at well expecting but not afraid but we'll see what's going on if you're in the golden silver hang on for dear life keep an eye on your crude oil we're still short crude I'm just about ready to cover it I'm going to give it a little bit more time here to see if it's going to do anything at all but that's pretty much what I'm watching here with these markets I am going to definitely not stay up all night tonight I don't care one hat well I shouldn't say that but we'll see what happens with these things but anyway wow Tesla's trading at 114 this was this is what I was looking at in Tesla here last night and early this morning with with Tom I'll just get this up here and take a quick look at it here so we can take it there it is right here here's the first one this morning real early this morning pre-market you can see the the Tesla rallying back up to that three eight seeing strong trending markets folks all you're going to get is a three eight two bounce and then boom we're trading it believe it or not we're trading at 410 410 it was 440 when I posted this hour ago live every day in an attitude of gratitude and may god bless