 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis. I know that chart was just a little incomplete. I forgot to change this Display settings on it. I'll send it in a little bit here. Just give me just a second here I'm gonna start the show today yesterday, of course was Chinese New Year and we went out with some of our Chinese friends here in Tucson and we had a really wonderful time But I he was a about mr. MT was able to tell me a wonderful parable About the Chinese New Year's these three gentlemen all holy men. We're going from Hong Kong To New York City and the on this the one that was sitting on the aisle was a rabbi in between him was a Tibetan monk and then on the side of the window was the Catholic priest and The the rabbi said to the Catholic priest. He said father. He said I've always wondered He or the Catholic excuse. I got this screwed up already The Catholic priest asked to the rabbi. He said have you ever had, you know pork the rabbi said unfortunately one time I did I had a ham sandwich. He's a pause. He said well, how was the ham sandwich? He said it was okay The few minutes goes by and the rabbi says to the Catholic priest He said it's a father. He said have you ever I know you have celibacy in your program and stuff But you ever have you ever wavered from that? The Catholic priest says yes, sir. He said I certainly have I did one time when I was young and Pause goes by and the rabbi said well, how was it and father said it was certainly better than that ham sandwich and You might ask what is the meaning of this with the Tibetan person in the middle there? Well, I was told by my lovely bride that you better put something in this thing Are you're going to be charged for being a woke person? So I don't want to be a woke person That's why we put in the Tibetan monk. Let's talk about the markets folks today I Don't I can't make this stuff up I put a chart up of the DAX as you can see you'll notice this pattern here That's known as a 2 2 2 pattern folks and you never guess what today is 2 2 2 February 22nd my daughter called me at 5 30 this morning to remind me because she had all of these things on the the 2 2 2 patterns all over the refrigerator when she was a little one She cut out the little diagrams and stuff and we laughed about that and I didn't realize today was 2 2 2 and I have not seen This many this many 2 2 2 patterns since I have been doing this for such a very very long time I did post a chart. I posted it just a second ago. This is the one from the DAX the German DAX I've got a lot to post so bear with me here. There's the 2 2 2 pattern No, and we'll be able to look at that as we go through looking at these things I called about the Gartley pattern when I found it, you know back in 1970 middle hold on just a minute. I'm getting Skype message or Okay, thank you. All right, let's get through a few charts here because he there's so many of them here that it is really quite It's really quite amazing. These these are the ones that come across from our friends over in the UK here is another 2 2 pattern here This is the one in the SPX cash. You can see the 61 percent retracement there I mean and look at that's ABCD. It's all this stuff, but you know the fact that it's here on February 22 I mean, it's just literally this blows me away. It's one day past the Chinese New Year's which was the new moon So I mean last night folks I've been at most of them I've been up all night because of the action we were having in the S&P and some of the other things and also in the crude oil But the main thing was is that the many things have happened Going on for chart patterns that we've been waiting for for a very very long time now The next one we're going to look at is not a 2 2 2 pattern But it's a it's a very important pattern because we call that a three-drive to a top pattern And all I have to do now is find it. You know what? This is ridiculous. It was right there in front of me and I can't find it now. That's not fair Well, I will find it. It's got to be here somewhere I'll go through the rest of them and then I'll post it. Well, I will post the one Oh, here it is right there in front of me here We've been talking about this for three days folks. We said Wednesday was the day There was your there was your action in the in the crude oil. I sent this out before it happened You know, I put that price in there. That was part of that total ABCD. That's where the ABCD ends at 89 71 The high was folks 89 79 and We've backed off a little bit from that level here now. I whether this works or not I don't know but look at the symmetry that you have here from I mean, it's just absolutely a perfect symmetry Now that goes above that that's going to break. That's god damn Hold on just a second here Mr. Z is saying yes today. Yes, I'll cover the ES in just a minute. Yeah, mr. Z I have I'll do the best I can to cover that but there's so many of these that they're they're just spot on today I mean, it's just and here it is on February 22nd. Anyway, this is a this is the crude We backed off $2 a barrel already on the crude So, you know, you're basically in a risk-free situation in that and so whether it's going to go up or down from here I don't know but you're in a risk-free situation now There's just no way you want to give any of that back But we want to look at some of these others that they're everywhere folks. I mean, we saw it in the German Dax I mean you see it in the footsie and They're they're just there. They're they're everywhere. So that's the main thing the reason why I was up So much last night was because of the buy signal that I triggered for all of our 24-7 people In Google we hardly ever trade stocks, but this one was such a good one. I had to put it up here We got the buy in there at about 2680 is when we said and then we said to sell it up here at 3050 Well, if you believe that you must be a relative of somebody on that airplane that Didn't get all the messages put out because that is my rendition of a Trading joke, let's call it that way. I mean, how do you how do you how do you handle something like that folks? I mean, I heard on the news today on Bloomberg. Somebody actually believed that once it split 20 to 1 they had 20 times the amount of stock that they had Folks that's just you know, they're just cutting in half so people can pay for it. You know easier That's basically it and remember reverse split like we had with City Corp and I think we had another one that was real forward Had a reverse split once to that's get to get to get back into the room that because some of these people can't in these funds Can't buy anything under $5 a share. So then they do a reverse split happened to know that the AIG also had a reverse split of 20 to 1 because the stock went from 92 all the way down the to fifth a 36 cents and I happened to be the story of that. I was that's when I met Sarah It was in October of 07 and her mother was passing away and she was driving She was going back on a plane to Canada and we happened to be on the same plane into Derrida and I was very attracted to her as you can possibly imagine and So we sat in there and I showed the website and I showed the pattern she asked about AIG and So I said well, let me take a look at it and it looked just like crude oil folks exactly like crude oil did today That's exactly what it looked like and I said I would really sell this stock and she's well I've been thinking about anyway, so she sold it within a half point You know it the 36 cents and from 92 to 36 cents and she did say thank you Because she married eight seven seven nine two seven six six four eight 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? 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This is another 222 pattern. This is the e-mini s and p from the high we made back there in January there at 40 4,800 we came down to a 4,200 the high in this thing last night was I believe 85 or 89 I was watching it some of the time I dozed off, but it stayed right at that 4571 for a great deal of time. This is an hourly chart We're now I considerably below that but that's a little early in the day But it did make that. I mean that was just really, you know spot-on amazing to me. I couldn't believe it You know the the 2 2 2 means so much to me folks that I I've used it all the time I called it a garly 2 2 2 and when I went to Italy in 1988 had to visit one of my relatives and also The Catholic Church were through a sister Estelle. I spent a week there I well I spent a week in in Florence and a week in Rome and it was really great But one of my students was there and he has a he was a what do you call you he he was a tailor professional tailor and He saw he he supplied me with shirts shirts for many years until he passed away Luigi was just a great guy But that's really fun I can tell you this story here because I'm trying to kill some time if you'll look at this here on the shirt on my shirt You'll be able to see the 2 2 2 on the shirt. I think Okay, there's a little 2 2 2 and then there's one on the thing here But anyway, what what's so funny about this is that I was in Las Vegas with Gary Token he was one of the 4x bankers for GFT 4x and I We were sitting at a blackjack table and I had a white shirt on and it had French cuffs And I had the 2 2 2 on the monogram and this little young lady was trying to hustle Gary and She said to me she said What is the 2 2 2 stand for and I said well, I said remember this is 1995 I think yeah 1995 and I told her I said well 2 2 2 I said I sold my startup company for 2 2 2 for $222 a share and she said to me wow she says that's pretty interesting You think you could spend some time and tell me more about it Gary almost fell off the chair. Anyway, that's what it is. It's that's what it's all about I'm only about half here today boys and girls so bear with me, but this is really important stuff I'm going to get back into the program here to cover it not just that but I want you to do this yourself This is the Dow Jones industrial average. Okay. I want you to take a look at it. Let me get up I did this I did this yesterday long. I shut the front door and raise their end here One second here one second one second one second one second. Let's get moving here Hold on hold on hold on I Missed it here. All right, there we go here is the Dow Jones industrial average now this was done before all this hoopla. Okay now This is the actual index that the number of the 61% retracement and that's the Gartley There's the a bcd the number on that six on that number is 35,500 I Don't know what the high was in the index today the last time I checked it was yesterday long before this happened and I had it at 5,4005 Would someone be kind enough to tell me what has been the high in that index today because that's pretty good You know, that's very very very very important. All of these are just really Super important today because if this market close is really strong above all these numbers Boy, we're gonna really rock and roll. We're gonna take those highs out like they didn't even exist So you've got to be very very careful here if you're into the short situation If you followed what we were looking at, you know, it was right there near the highs if you look at the the YM Here is the YM. I updated this one today. Ah, shut the front door and raise a rent I keep hitting the wrong buttons boys and girls and do that all my life Hold on here. We'll just get up here to take a quick look at this one right here And there it is right there at the hit the exact numbers folks I mean to the tick 35,374 it's still close to that right now so we can easily close above that and if we do then you're looking at something It's you know, really really pretty exciting. Okay. Now we have to get back to the old Teaching mode and I will try to do that. We had an interesting into a quick question about trailing stops They asked if I use trailing stops and the answer to that is yeah I sure do and what I try to do is if you look at this You'll see the where it says the the long bar you can see that really long bar there Let's say you bought it down here at the bottom, which was the abcd down there at 385 and natural gas And you do that all you do is you put your stop 78 well 78.6 percent lower than that high So if that market reverses you're going to get stopped out until that happens You let it run now you see the next long bar that you have here That's when you raise your stop and if you do that, you know, you're going to be able to catch most of these moves If you can do that. I sometimes they work sometimes they don't but this was the principle that Amos hostage are used I mean this was the breakout system basically what they did at commodity corporation when the market broke out boom That was it. Do you I met I met Amos twice and I can tell you this, you know We didn't have These charts and stuff like this these stuff coming in back in the the 70s and and that didn't happen until 1983 1984 so All he did was he had ticker tapes and he had a girl that actually did the stuff that I did at home And that is watch the ticker tapes when you saw new highs and new lows you marked those up And he did that but he didn't do it He had somebody else doing it and then he would look at it and she would plot it and that that's what he did I mean, that's what that's what I did I mean, he did a lot better than me But but that that's that's what I did and and if you watch those really wide-ranging bars and put your stop 75 percent lower or 78.6 Lower than that you're going to be better off And that's that's what we're looking at the second question that someone asked me was You know, why don't I trade things like the canadian dollar? Well, I do trade the canadian dollar maybe once or twice a year But I'm trading the euro and the pound in the end Euro and pound I trade almost all the time But the you know and but the canadian I don't trade it that often I trade the australian dollar a lot more than I trade the canadian because the australian dollars related to the commodities And I look at volatility. That's why so he had a beautiful pattern in the canadian dollar And I think it's great and you know go for it. That's that's pretty much what you want to be What you want to be doing if you have any questions, it's eight seven seven nine two seven six six four eight And we'll be able to do that. I've got some other things to share you with with you here So let's do that. I stand was supposed to be our guest today But frankly with the markets as volatile as they are. I I don't expect him You know to be be our guest today unfortunately, but That's uh, that's neither nothing we can do about that Okay, now here is here's what I want you to see here This is what I was focusing on last night folks why I spent so much time looking at this This is the chart we got from our good friend, mr Alan Smith over there and then across the pond You notice we have that perfect three eight two there at 14,970 and folks This market went absolutely ballistic But check the high in the nasdaq because I believe it was very very close to the 50 percent level of that last swing And that would be really really important if that were the case because it's 61 of the other We're gonna be right back eight seven seven nine two seven six six four eight The high in the nasdaq, please Are you having fun creating 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 around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers As well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live Financial content from 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor You were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs abc's butterflies and much more the art of timing the trade charts is designed to help you When scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now we're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30-day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Okay folks, uh, I had a question from someone here the dead and that was it was I scared to put that order in On the crudo. I put it in last night around late in the afternoon Up there at that 89 71 level and the answer to that was no, I was not scared and I'll tell you why I'll tell you What fear is January night 1991 uh, we were Getting ready to go to war. It was a new moon Uh, because the navy seals attacked at the darkness of the moon from loud. So General, uh, what Schwartzkopf was a firm believer from the, you know, being in the army He certainly had that book on his desk And uh, so the navy seals attacked at the the darkness of the full moon So I or the new moon so I knew it was going to probably be that night And I had shorted it on a pattern just like this I mean, it was just spot on at four o'clock in the afternoon. I went to get my haircut There in the San Luis Obispo, and I was watching TV And uh, some I forget what it was on some, uh, call I don't know. I can't remember what it was anyway Jill called the hairdresser that we knew and she slurried your daughter and I said, hi, what's going on? She's dead. She said, are you still short the crude oil? And I said, yeah, so dad she says Don't lose your jade job because you're going to lose your kabuki and I said, what's wrong? And she says turn on the news and so I asked him to turn on CNN and there it was man It was right after four and they were lighting up downtown Baghdad Just, you know incredible. So I said, oh boy, here we go again. So I I didn't I had a couple contracts on so it was Submitting deal, but you know So I go back home and I start calling the overnight desk at Drexel because we didn't have an overnight Drex Where I was trading at they they we didn't have any overnight trading But Drexel had a lot of it and so I knew those guys were watching the markets And I kept calling and calling the line was busy busy busy. I mean this is for hours And it was a state and they were having a some type of a function at the university Cal Poly University that I had to go to for an hour. I got back at about eight o'clock Uh, hold on. Do we have stand on the line? I probably do. I messed it probably messed up Uh, oh, we've got a question, uh, bob. It's got a question About the in cues. Are you there bob? Yes, I'm here larry. Good morning. Good morning. What can I help you with my friend? Well, I noticed On your chart you were mentioning that last night the high on the end cue was, uh, 15,000 and two 150 around there and it was the pretty much the 50 percent line And my question is, um In it seems to me in my experience In instead of shorting that 15 Uh, that 50 percent line oftentimes the Huck or the index or whatever it is would would continue on to reach the 0.618 at 15,400 Yes Seems often that it it goes right through the 50 percent line But on the way down that oftentimes seems like there is a support level there. So That's my question And I was wondering if you've noticed that too. Do you actually trade more off the 50 percent line or just I don't know. I use 618. That's why I wasn't watching the e-mini s and p Because it was trading around that 45 71, which was the 61 of the whole move But I was watching the nasdaq because of what was happening with google I wanted to see how high they they could get it because it was so emotional That was the reason why I was watching it That that was what I wanted to know. Okay, but you don't trade the 50 line very often Yes, I'll trade it if I have an abcd At a 50 percent i'll trade i'll trade an abcd off any percentage Because abcd is what the market does. I mean that's the thing from mandel brought the fractal That makes this stuff work if you if you ever see the florid traders handbook You'll know that's right there it proves with emphatically with 30 000 samples This damn thing works and it gives you you know Payouts better than three to one and you hit 62 percent of the trades So i'll trade an abcd all night long Yep. Yep. Very good. Well, that was my question. So thanks for all you do and Thank you so much. I appreciate the kind words bob Okay, okay. All right getting back to the story. Well, I I went I finally got through It was about 10 o'clock at night. I got through to him and I you know I knew these guys I'd given them gifts and helped them with parties and stuff and they always treated me nicely And I said mori. I said what the hell's going on. He said oh larry He said i've been on the line. I've been on the line for five hours. I said that's a lot of calls He said no larry. He said that's one call. He said I was on with one one trader one of our largest ones I said what's going on? I said, uh, I said where uh, you know, because I was short the crude oil And I was also short gold had the same pattern. So I figured I said, uh, I said where's uh, I said where's gold And he said oh, he says it's limit down. I said what he said in a war. He said, yeah, it's limit down He said it's it's it's offered limit down There's no trading for the last two or three hours and I said where's crude oil? He said nobody knows and I says, what do you mean? Nobody knows You know and the fact was well, there was no bids It was 8 9 10 it opened 11 dollars lower and went from 44 to 11 and we have our good friend Stan harley on the line stan. How are you today? Actually, this is tim boss. Hello That's what happens when you stay up all night I know stan and he's a great guy. I can't pretend to be him though You're a great guy too. I knew I had one of you guys out for the time Yeah, I we have a technical mayhem over here too. So Let me get a rope Anyway, if you'll be so kind to take over and save me throw me a life raft. Okay Do our best here actually Do you have the slides that I sent earlier? I think they have the slides. I'll tell me you got the slides and make me a happy camper Because if you don't I can do it. I I I know I can do it because I didn't see the slides if I would have saw No, I don't have any slides. You don't have any slides, but I don't have one from my end either So we'll just wing in here That's how you can hold on one second here No, we don't have any slides. So what you know, this is good We'll take a little break here to just tell the folks what you're seeing here with all this volatility and we have Let's let's talk generally speaking here We we have brilliant illustrations, but you're not going to see them No, what we got going on here this week is a very very interesting transition point We are confronting the end of a mercury retrograde cycle that has been in play since the 14th of january and as you recall On what happened was we shut down the markets on friday january the 14th and had a little extended weekend there For the martin lucas king holiday. So the markets did not reopen until the 18th. So we had a three-day weekend And that's when we began to see some of this sharp volatility kicking in big selloffs and all kinds of While and crazy stuff going on in the markets That's been happening pretty much throughout this last three week period And during this entire time my friend mercury has been in retrograde motion Which always tends to scramble communications And other dynamics in the markets So And we have to pay we have to pay a few bills. Can you stay with us tim? We'll chat more when we come back Thanks, buddy. 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That's tfnn.com then hit watch tiger tv Okay, we're back folks with the tfnn also known as the laurel and hardy show And laurel is telling mr. Hardy who happens to be tim boss to please continue Is there a place for the revival of slapstick comedy? This is it This will be my last day at tfnn after 15 years. I'll stop staying up all night. Go ahead my friend. Please There was a scene with laurel and hardy in a rowboat or something that maybe we can try that next Well, it's probably leaking. It might be mine. Go ahead Oh What we were chatting about here is the fact that we've had mercury in rental grade motion for the last Three weeks here and it's been creating all kinds of havoc in the markets We're hoping that's going to come to an end here Actually tomorrow on the 3rd of february This will be late in the evening new york time just before midnight We'll have a mercury returning to direct motion. So friday will be our first full trading day With mercury back in direct motion And typically what we like to do is is throw a party Celebrate a little bit when we get out of this mercury retrograde phase because it can create so many Points of consternation along the way But the fact of the matter is that this is actually the most treacherous part of the entire mercury retrograde cycle It's been moving backwards at least in terms of our Our perspective from here on earth our optical illusion if it was as you will But so what's going on with it is that we've got A slowing down period and is starting to try to move forward again And it's kind of like you're trying to push a car uphill in the snow This has stalled out A lot of the country is under Snowfall and and dealing with situations like that trying to get cars out of ditches You know you get two or three guys and you put the car in neutral and and you try to push it and it's a huge huge Lift trying to get going again Once you get it rolling a little bit Then you can Give it an extra heave hoe and and maybe you can roll and pop the clutch or whatever and get the thing going again But that initial inertia is what we're dealing with right now in the markets as mercury tries to get back into forward motion And so that creates a very very challenging situation for traders We expect to see continuation of the volatility At least through the end of this week and probably into the middle of next week as well As we begin to move forward with this mercury process here And so we're trying to push the car trying to get it going a little bit But right now it's it's a little bit of a frustrating situation Tim I have a question for one of our listeners and that is on this mercury. This is mercury at a Certain station now. Is that correct? Right exactly We have two stations one is what we call the retrograde station Which is a mercury typically goes in in direct motion or forward motion through the positions in the zodiac When it starts to slow down and then stop and begins to move backwards. We call that the retrograde station That's what happened back on the 14th of january and now today Rather coming up tomorrow night. We have the direct station It has been retrograde and now it's going back into direct motion or forward motion again So we mark these two key points in the mercury cycle There are other things that we observe but these are the dominant ones that we pay attention to And we typically see some perturbations in the market Okay, now the question he's asking is it is this an 88 day cycle that you're looking at because you know people When they hear the word mercury they get panicked, but it's actually you know, I has an 88 day It goes around every 88 days correct mercury orbits the sun every 88 days But this is a little different phenomenon because we're looking at it from the earth's perspective This is a 21 22 day period typically When mercury goes into its retrograde motion as seen from the earth's Perspective now that that happens three times a year. So it's not an unfamiliar kind of thing But we get these periods about 21 days or so Roughly three weeks each time that mercury goes retrograde This is independent of its 88 day cycle around the sun Because we're dealing with the observational perspective of the earth here So we get these fairly frequently. It's about 17 18 percent of the time We have mercury in retrograde motion and we have to kind of make adjustments in terms of our analysis of the markets and our trading strategies as well Okay, listen tim I'm going to have you on next week if that's okay with it's it who's weak and over this is such an important time And I you know, I caught you by surprise. I caught myself by surprise. Well, they're all surprised and we Yeah, well, that's a surprise Let's have you on Monday And so we can look at some of these wonderful charts because I really believe that mercury thing Especially coming in, you know one day after the Chinese year, which was a new moon moon and stuff So could we have you on Monday and maybe give us a rerun of what we're doing right now because That'll be By then by then I'll be awake. Hopefully and then we can do a better show It's always a pleasure to connect God's bless you You me Laurel and hearty will all get the job done Take care Okay All right, folks Let's get back to some of these things that I need to talk about here and guess what? I think I just messed up and I got knocked out of the den. Yep. Nope. I'm okay here Have any questions folks? Please don't call 877-927-6648. Let's talk about something really important here folks This is a natural gas and we have been rocking and rolling here this morning If you take a look at this, you'll see here that the natural gas also has completed that big abcd The 61 retracement held it for about an hour and a half and we popped up above it up around Just around 5.48 or something like that. The important part of this folks is where it closes today Now there's a perfect example of a trailing stop. You can see if you bought this yesterday on the breakout Okay, that would have been at 495 You just look at that range there. Okay, the range is from right now. It's from 545 Down to 495. So that's a $5,000 range. Well, you take 80% of that and you'll put your stop on a trailing stop. You'd put it down around around 501 502 And the reason for that is if that market gives all of that back You're in big trouble now. Let me show you why that works Go back and look at this on the 10th of the month in january. You see that big breakout move Look what happened the next day. You see how if you to put your stop in there at 80% of that You would have got out with some profit and then it goes all the way back down It drops another, you know, $8,000 to get down to the 36 level So that's how you handle that when you have a wide ranging bar Take 80% of that and put your stop there and your break even now You're not going to get all the stuff, you know, there's only one person That gets the exact high and the exact low those are the guys on you see on bloomberg and cnbc And also god, but god doesn't trade. She told us already that she doesn't trade So you're never going to get the highs and lows very often if you do it's an accident You know that that crude oil trade was an accident all all we did on the crude oil trade is we took the last three days action Okay, and we measured what would be an expansion of the last three days and that came in at 89 70 And that's where you put if it goes above that 1.648 we know that it's no good That's the the whole premise of what we're doing With these things is no no Well, that's what we're looking eight seven seven nine two seven six six four eight be right back folks with flip Wilson as our guest 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.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.com or on tfnn's youtube channel and become the investor you were born to be 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 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 secured investment which pays you on a monthly basis the target first mortgage program Maybe the program for you the best rate on a five-year cd in the country right now According to bankrate.com is paying one percent per year or one thousand dollars per 100 thousand dollars invested The target first mortgage program pays seven percent per year paid monthly on secured high value Buildable properties in st. Petersburg, florida The investment is for four years paying seven percent per year or seven thousand dollars per 100 thousand dollars invested Your investment is secured by high value real estate in st. Petersburg, florida Your investment can be anywhere from 100,000 to 500,000 Do you want to make 1,000 per year on 100,000 dollars invested a 7,000 per year on a secured tiger first mortgage? The tiger first mortgage program may be just the program for you The tiger first mortgage program pays seven percent per year paid monthly for more information You can call 877-518-9190. That's 877-518-9190 Okay, folks. I posted a chart that i've been looking at for the last couple weeks. This is this uh Crude or the dow Jones when it was back way back in the coven thing You see coven hit we broke we rallied up to a 50 percent retracement on a four or five day pattern there I thought that's what we were going to do here on monday But we've extended it out to possibly seven days. This is really important folks because if the market would close lower today It would really be quite significant. It would tell what this market Something happened and it's very important and if it closes really strong heck, it could go up forever So that's the main thing to want to look at but that's what you can see these wild swings that we had this was You know, these were three and four thousand point swings in the uh Dow Jones, so that's not unusual. You can see we we've had a huge rally already But the fact that it stopped exactly at those numbers I mean that that's really hard to do when it did it in the s and p the nasdaq the russell Every single one of them. I mean that's that's the main thing and it was all related to what was happening with the Uh, you know google and the nasdaq has an axe deck went absolutely, you know crazy to the upside I've sold them trade at nasdaq It's a great thing to trade, but I sell them. I use the s and p In the dow Jones and the russell once in a while. That's uh pretty much what we're looking at here So, uh, we will have I believe stan harley will be our guest tomorrow and friday will be jeff huge I believe that's correct. I will check the calendar later. I want to apologize for For being I'm just tired folks. That's basically it and anyway, that's it Oh the sequel to that story on that day in january. It was my single best money day On a percentage basis that I ever had I had bigger much bigger days when I was uh in the when I was a player at Drexel we had days of half million dollars, but this was my biggest single day that I ever had I was short gold. I was short crude oil and along the s and p and the s and p left a gap that still never been filled That we didn't have overnight trading And uh that and what I did was at the end of the day I closed everything out and that was the dumbest thing I ever did I should have used a tom hugart approach and doubled up on everything because crude oil went to 11 dollars Hey, let's get back together tomorrow boys and girls. Live every day in an attitude of gratitude and may god bless