 The following is a presentation of TFNN. 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. All the tests are good. The doctor said I got another 25 to 30 years. God bless him. Anyway, we'll take a look here at the German Dax. As you can see, we made a 78% retracement of the low and also a beautiful ABCD pattern. We had a nice rally. You can see by the downtrend line it stopped with that 135 pattern. We need to get it above the 61% retracement level to keep the market moving higher. Well, since we were on here, Monday was the last time and of course we talked about this a little bit. We should talk about it again because I think it's relatively important from a technical basis. Here is the Dow Jones. You'll notice that it made a 382 correction from the high. That was an ABCD structure in there. The Dow Jones is the strongest of the indices, so I need to pay close attention to that. We had the NASDAQ. I have a pretty nice move. Now, it had extended down a little bit, but it was still right near the 382 level also. We'll get this level here. Folks, I don't know whether this is the major bottom or not. All I know is it has the appearance of a major bottom. We never know for sure how these things are going to line up. If you like Fibonacci numbers and a lot of people do, but here's a strange coincidence. Look at the Apple. It is the most widely traded stock. Look where it stopped exactly at the 61% retracement, 170.5%. Can you explain to me how so many people are buying it there? Someone must have read a book about Fibonacci or something, and look at the upside. It stopped right at the 78% level at the upside. That's all I'm going to say. Anyway, that's whether they work or not. I don't know. Sometimes they do. Sometimes they don't, but that's to see what's going on, but they'll have to go in. Let's quote David White, the master of Super Dave. Gosh darn it, I really appreciate everything you send me, my friend. It's invaluable, but he's saying here, when it is not in our power to determine what is true, we ought to act in accordance of what is most probable. Descartes. Oh, he was a second baseman for the Baltimore Orioles back in the 60s. Yeah, remember that guy? Yeah, that's pretty good. My little format on that would be trade what you see, not what you think. Let's get back to that right now. I'm going to give you a little story, boys and girls. This is storytime here at TFNN. I have to do something to try to give you a little bit of knowledge from an old experience. Here is the chart. Going back to soybeans, a monthly chart, you'll notice the bottoming in December of 75. That move between 74 and 76 was my learning experience. The old Chinese proverb is, the smart man learns from his mistakes. The wise man learns from the mistakes of others. And I was not wise. I was smart. I had learned from my own mistakes. But you'll notice here, I didn't trade until 76. If you notice those early months of 76, the soybean setting down there in a monthly chart, there was a nice guardly there sometime around April, May, somewhere around that ballpark, somewhere in that ballpark. And that's when Oscar McClure and Dave Nelson, Jim Sibbot and Earl Haddy were so wildly bullish on beans and nobody else was. They were fundamentalists and I was a technician, but I really respected those old timers and they took me under their wing. They told me what to look for. So I started buying spreads, you know, July, November beans, that kind of thing. But the key point here was if you look at it, we had a big move in the spring of 76. That was a really big move and the market beans went from 450 all the way up to 750. Now, believe me, folks, that is a huge move. That's like $15,000 a contract. That was me. I mean, I had over 100 people involved with about three different brokers and we were buying these spreads. These were all relatives and friends. I made no money off of it. All I did was open the commission or open the opportunity to the brokers to make the commission, which I never took any of. But we're all very happy. We all made a lot of money. But the thing that I wanted to bring to your attention is on that high day, if you'll see the high day in 1977. On that day, the Reuters machine came out. It was over a weekend and it said, it was, I believe, right around the first of June. Today's tournament's birthday, JT. I know you're listening. Happy birthday to you, Bubba. Hear the sound of one hand clapping. But he was one of my brokers and, of course, been my friend for 50 years. But let's take a look here at what happened. The call was that the soybeans were going to be up to limit at least three days in a row. I have an hour at Conti Commodity. It was on the squawk box. It said he'd never seen so much buying coming into the market before they opened. And here it was supposed to be up three limits. Well, I'm there with a whole bunch of contracts and I've got to tell the brokers, look, put your buys, put sell stops. One penny, one penny below the previous day's close. In other words, if it got to be unchanged, I didn't want to have anything to do with that. And we wrote all those orders. It took about an hour to put the orders in. We had to do them by phone. They didn't do teletype at Conti. And so that's what I did. And as the market started about an hour before it was being limit up, limit up, limit up. And in about 30 minutes, there's a little selling in the back end options for 1978 beans. But the rest of them are lock solid. They will not trade today. About 15 minutes before the market opened, a little selling somewhere around November and August beans. But the rest of them nearby is going to be out. And then Ivan comes on five minutes. He says, you know, these beans are not nearly as strong as we thought they were going to be. Oh my God, oh my God, they're not going to open higher. Oh my God, oh my God. And boom, they were limit down. And you can see those red dots there. Those are red dots. They went from 1050 all the way down to 525 over a period of three months. And this was with really bullish fundamentals. This was the move that bankrupt Cook Rain and Willard Sparks. And I happened to have a whole lot of contracts against what they were doing. He contacted me afterwards and asked me why in the world was I so bullish the beans. And I said, well, just got really lucky. I didn't have time to tell him about the technical nature of it. He happened to be a good friend of Jay Cross because they were both from Memphis and had a nice chat with him. And he said, hey, I just got lucky. Well, he was one of the greatest traders of all time at Sparks Commodities. But the reason why I'm bringing that to your attention, folks, is I write a newsletter 24-7 and I bring in the things about the, yes, Sparks went bankrupt during that. Let me just get to this thing here about this is going to take me a little bit longer. But I think it's relatively important because it's experience, you know, that's really it. Look at this. This is what I said in the newsletter. We got really bullish, really bullish stuff happening in the grains. I mean, they're having a hard time planting corn and beans at the understatement of the year. But look, look where beans stopped. They stopped exactly at the 78% retracement of the May high and 61% retracement of the February high and 50% retracement from the December high. So I think that is relatively strong resistance. Now you got two monster gaps in there. You can see this is when the weather started to really get bad. So my assumption was, you know, until these beans get above $9, you know, it looks to me, there was 920 in the October November beans that they have a, you know, a potential to go down. And that's what I was referring to. Just a technical picture. That's all. 877-927. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. 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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. Now toll-free at 1-877-927-6648 internationally at 727-873-7618. Okay, folks, I posted one of the tombstones from the Tombstone Cemetery there in Tombstone, Arizona, and it's one of my favorite ones. Here lies Lester Moore. Shot four times with a 44, no less, no more. All of these are really tombstones, folks, and I hope if you ever come out to visit me, take a ride over to Tombstone to see it because it's really an historical place. It's a Jewish national cemetery, mainly because of Big Nose Cate. You know, the one that was going with, I think it was Bat Masterson at the time, was, it's all part of the history of the West. In 1886, I think 1885, I believe, was a fight to go, okay, corral, and Marshall Earp and his brothers and stuff against the clans and all that thing was all historical. But in that year, Tombstone was bigger than Los Angeles, folks. It had, I believe, 30,000 people, there were 15,000 miners, and 15,000 dancing girls. And I used the word dancing girls with a little bit of sartorial excellence there. Not exactly what they were, but supposedly that's where it happened. And a few years later, the mines went out, the silver mines went out, and you can still visit those silver mines if you ever get up there, but it's a really cool place to be. And when I bring this up, we're talking about gunslingers, okay? And we've got a gunslinger here at TFNN. We have to expose him, folks. We have to expose the gunslinger right now. And his name is Norman, calls it to the minute, Winske. Take a look at this, folks. He posted this a couple of days before. Look at the third of May. No, that's June. Look at the low there, folks. He only missed it by seven minutes. So I told Norm, Norm, you get closer than seven minutes, we'll have you back on again. So at least he came really close once. Anyway, it was a tremendous call, I think. Maybe it means something in astrology or not. I don't know. Who knows what it is? Boy, David, you must have your hand on Google to know all that stuff because it was really, I didn't know that she was Hungarian. But it knows Kate. Anyway, it was very interesting though. I've always enjoyed those old movies and a lot of fun. Okay, let's move on to a couple things that we need to discuss. I personally believe that we have made a major bottom in the stock market, boys and girls. We moved 100 handles in three days in the S&P. We haven't done that very, very often. So, you know, I don't know anything about the fundamentals. I don't say that I ever did and I never will. But just keep in mind that is a really important number. We go back there again and we go below there again. The jury is going to be changing its verdict because this is a really bullish the way we came out of here and everything. I mean, they're not just the NASDAQ, but the Dow's leading the pack, the New York Stock Exchange Index. All these were 382 retracements. That's right out of Gartley's book, page 222. And he said, you know, watch that very closely. If you have any questions today, folks, it's 877-927-6648. And we'll be moving on to some of the things. I wanted to post one of the fundamentals things that I got from our good friend Rich Anderson is from one of the big hedge fund guys. And he's bringing this to your attention, the fact that there's the Chinese PMI, the employment has been going down, making new lows, extremely bearish. The guy at the hedge fund forgot to mention that the Chinese market has had one heck of a rally, but that's neither here nor there. These are fundamentals, folks, that I cannot work with them. My mental capacity isn't enough. I'm a little bit smarter than a broken knife, but not too often. But the thing is, after all the education that I had and look at all the economics, I have a master's in statistics and economics and, you know, BS and whatever it was. Pharmacy. But when I look at this, the only thing that I can see is the charts. That's the only thing that makes sense to me. You know, if prices are going up, you know, it's going down. The reason why I'm bringing this to your attention, you know, I have some really good friends that do a lot of trading. And when they saw my newsletter and that I said that there was going to be resistance in the grains, I mean, they called me up and, you know, and said, you know, you're really wrong on this one. Hey, hey, I said I'm wrong a lot. I said, all I know is it's slowing down here. That's the bottom line. You know, if it gets above 460 in December corn, I certainly wouldn't want to be short. But, you know, that's it. All right. Anyway, that's my two cents worth. We'll keep a close eye on that. By the way, don't forget, Friday we have Shane, both trader Smollion coming in, which is we haven't had him in for well over a year now. Hopefully we're going to get him back on a regular basis. But he's going to be with us for the whole hour on Friday. We certainly don't want to miss that because he's always got some, you know, really super information. And I think that would be something that we would like to. I like one of David White's favorite quotes is, you know, exit when you can, not when you have to, because that's really, really impressive. Marshall, you have my mind being read. We're going to bring up the old precious metals now because I think this is important. We'll probably have to carry it into the break because there's a lot to say here. Here is the chart that we've been watching for the goal for quite some time. Here again, you'll notice the full moon back on December the 4th was the bottom, the left shoulder. The full moon lunar eclipse on August the 12th, the head and the full moon of April the 20th. And that was the first bottom at 1267. Remember, we made a triple bottom there. 1267, 1268, 1271. And then we've had the two big gaps up today. And as you can see, we are challenging the February high, which is 1349 and a half. Folks, if it doesn't get above 1349 and a half, I'm going to give everybody a free subscription to, let's see what is free that I could give them to. Hmm, I'll think of something. Anyway, this thing, if it doesn't get above there, I'm going to be totally surprised. Tom said on his show this morning that we clear that 1378, 1380 level. This thing has $1,500 written all over it. I mean, with the head and shoulders pattern like that, just the ABCD structure takes you to 1500. And believe me, between 1500 and 1900, this thing could really go. Now, that's me being bullish. Everybody should get out and sell their positions right now. But unfortunately, you have to hang on sometimes. One of the things that I did wrong this year was I was long the hogs, and I got out at an 8 cent profit and they immediately jumped another 10 cents. I lost a lot of subscribers then because the fact that they weren't involved in the last $4,000. I can't get them all, but that's the way it is. I was hoping to buy them on a pullback that never came. This move in gold and silver, this is for real, folks. In the gold it is. I'm not so sure of silver or platinum, but it's real for gold. It really is. It's looking very, very interesting here. It might change in 10 minutes, but right now, that's what it looks like. Well, I hope that helps. Anyway, we'll get back here and we'll look at a few other things and keep those cards and letters coming in, folks. They're always nice to have some questions. It makes my job here at TF&A a whole lot easier. And be sure to call in at 877-927-6648. That's where you want to call in on. We get back. We'll do some other things. 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 market's 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. 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Using a combination of equity trades along with options, David keeps his subscribers up-to-date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30-day free trial to David's daily newsletter, the Path of Lease Resistance with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning, then visit the front page of TFNN and you'll find the Path of Lease Resistance under Trading Newsletters. For all the details and to start your 30-day free trial today, log on to TFNN.com now. TFNN is excited about our new software charting program, The Art of Timing the Trade Charts. 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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, we're back, folks, and I wanted to post a chart, some information that David White sends out. David, I really sincerely mean this. You really bring a lot to this, Dan, and you certainly changed my life and made it a whole lot easier with your quotes and stuff. But here's the put-call ratios for the VIX index you can see there. On May 31st, it was one of the highest levels, and then, of course, we bought them on the New Moon on Monday. Boy, that was very informative for me, and plus we're sitting right at that 2730 level that we're looking at. The low was 2875, and that last point in half, that was Norman's fault because he had the New Moon off by seven minutes. If he'd had it right, it'd have been spot-on. But we'll have to wait and see. But that's very important to watch these things because this is a different way of looking at the way the markets extend out, and they get the most bearish at the bottom and most bullish at the top. So that's one of the things we want to keep on. Oh, we've got a caller from Palm Harbor, Florida. Jim, what can I help you with? Larry, listening to you and also Norm came out. We should have some changes with the Moon. I got very lucky. I bought 10 GLD calls, the 22 calls the weeklies that expired this Friday for a half last Thursday. Those calls have now gone to 3700. Unfortunately, normally what I would have done was sold to 125s. 125s, it gets them for a half, so I would have locked my gain in it at 125 and a half. Well, now we keep going. I want to see it. I know you were saying we're going to call up some resistance pretty quick here on Gold around 1350 on the August Gold. So I'm trying to find an equivalent resistance on GLD that we're going to hit this week, and then I have got to make a decision to I will have to close out that option and roll to another strike and another weekly option. Well, let me give you a little bit of friendly advice from an old timer, okay? As I look out here over the 200 acres here at Tucson, Arizona that actually narrows down to about a sixteenth of an acre, I can see Walter the burrow out there munching on a cactus, and he's looking over at me shaking his head because the only 100% rule that I have ever seen that works 100% of the time, Jim, is something that Larry Williams gave me 40 years ago, and he said, there's an indicator that never fails. And I said, Larry, what is it? And he said, it's a telephone indicator. And I says, what do you mean? He says, when you are calculating how much money you're making, pick up the telephone and get out of the position because the greet index just went tilt. I'm afraid of that. So be real careful up in here because you know these call options, they can evaporate very, very quickly. So make sure that you protect yourself, my friend. And should we get above 1350, this is just the beginning. I really believe this is the beginning. This could be a double top too, I don't know. But when you just explained to me what you were doing, it was really great to hear it and everything, but the first thing that flashed in my mind was that little burrow out there on the back 40, shaking his head saying, be careful because that's a danger sign. Yeah, I definitely am not going to give away $3,700. That's money I can use at the World Series of Poker next week. They have a senior event, Larry. Yeah, I'm too old for the senior event. They have to have a multi-senior event. I played in that thing three times. I've won my entry into those things three times. But the closest I ever got was down to about 900, I believe. Nowadays, you have to get into about 600 to cash. I've cashed some other tournaments, little ones, but nothing like the World Series. Those guys, first of all, they're extremely good because you see them all the time. They're doing it full time. I'm just a putzer. I have fun doing it. I play at low level. I enjoy the game and that's about it. I don't expect it to go any farther than that. But I do have fun at it, that's for sure. I do have a question on Platinum. We're over $500 spread right now. Rather than holding the physical ETF contract, what I was doing was buying the physical, slabbed platinum one ounce eagles. I'm going back three, four, five years ago. I was buying 50% platinum one ounce proof eagles and one ounce gold uncirculated eagles. Figuring at some point in time that spread has to narrow. I'm just trying to figure out, as a technician, you got to trade what you see, but it's like the market is telling us or telling me that all electric cars are a sufficient number of electric cars because we're not going to need as many platinum catalytic converters. Then they went with Palladium for some reason. Platinum has just been sitting. I don't know if you see it. Well, I look at that. It reminds me of Roy Fassel, who was the manager of the county office during those years when I first got started. Tournament was one of the brokers there. Tournament was originally at Clayton Commodity across the street. Then when McCulloch Oil came in to the big building, a county took the top office and bought out Roy Longstreet and Jim moved over with Roy. I remember Roy Longstreet there and they were talking about spreads. He said, son, just remember, spread is like a stick with S on both ends. It don't make any difference what hand you let go of. You still got S on one hand. I'm a net position trader. The spreads are great, but frankly, Jim, if you had told me that platinum would be at a discount, the gold like this, I would have said you'd have to be in the sanitarium and I would be the one in the sanitarium because I just can't understand it. Just all be going to electric cars because there's virtually no demand for platinum and jewelry, it's tough because it's so hard to work with. I just don't know. The crazy part is you go to a coin dealer, no one has any in stock because they don't want to get stock holding the bag. Even though platinum is at $8.33, you'd be lucky to buy an ounce of platinum under $900. The spreads are huge. When you take the bar in, there's so many counterfeits out there, you can't assay it right away and to get it assayed is going to cost you $75 to $100. If you've got one ounce, you're talking 10% of the value just to get it assayed. Whereas if you've got gold and silver, they can tell in a heartbeat just by using the tone of the gold and silver what it's worth, but platinum is not that way, so it costs a great deal. Same thing is true of palladium. Palladium's got a spread of $100 sometimes by palladium. I hope that helps. Hey, do me a favor. Check in with me. You don't have to do it personally. I mean, on the line here, but drop me an email that you got out okay because I'm not going to use another sleepless night and I have enough of those on the book already, so make sure that you let me know that you got out okay. That won't be a problem. My plan is if GLD gets back towards $126, I'll be out of that trade. I have to be out by Friday because it's a weekly call option. It's a $122 call option that expires this Friday. Okay, that makes good sense. I do have to make that move and it will be during market hours because this ETF only trades market hours on like a future where you can set your stop, go to sleep. Well, I don't know what sleep is, but the stop part, I understand. Hey, Jim, when you're finished here I'm going to post a chart in from Bill Meridian. It's a gold weekly cycle and gold monthly cycle and they're all turning up big time. So this does have some potential. So if you get a chance, go take a look at that. It's real interesting. Thanks for your help, Larry. You have a great day. You bet. Thanks for calling in Jim from Palm Harbor, Florida. 877-927-6648 if you have any questions and we'll be happy to answer them, but we'll be right back. We're a four year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four year period. That same $50,000 investment in the TigerFresh mortgage program would give you $3,500 per year or $14,000 over the four years. What should you prefer? $6,200 or $14,000 of interest on your investment. 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Distributor Four Side Fund Services, LLC The Bull Bear Binary Option Hour, next on TFNN. Okay, we're back folks and I've been asked to take a look at Bitcoin here. We'll bring it up so you can take a look at it. This is the one we're going to be watching here as we always have. Notice we had that bottom down there where the Gartley happened at $3,300. The ABCD structure going all the way back to the highs in January, $19,000 measured to $3,800. We went below that by quite a bit because of the volatility on the way down. But then we went sideways from December, January, February, March and then of course we had the little bit of a pullback with that Gartley, then the big run up up to $8,400 and we backed off to $6,400 which is $3,800. We went up and made a new high up there and now we're just backing and filling between $9,000 and probably $6,400. There'll probably be a lot of swings in between that will be tradeable. That's what it looks like from Bitcoin right now. There's also the possibility that this little pullback that we're getting right now is nothing more than a $3,800 pullback and then we're going to be back on our way up to that $11,000 $12,000 area which is the 382 retracement of that whole move down from $19,000 down to $3,200. That's a huge move and of course we'll see running around what's going on here. They're giving some accolades here to David White because they really are very thoughtful and helpful. Jimmy, you're absolutely correct. I really enjoy him. I can't keep up with all the reading that he does so that he puts these quotes in here that are really spot on and he reads incessantly. That's what's really interesting. When I was having the conversation with Jim, I hope you understand that I was not trying to scare him out of position. I was just trying to get him to think of what was actually going on so he didn't give it all back. I've seen too many times this. When I was with John Hill this was going back in 1981 when we were over there. Gold had had a pretty good rally after the drop from January into January of 1980. It broke really hard and it was rallying back into 1981 late 81 and the gentleman was in the office there with John and he was saying boy he had all kinds. He had made this he was going to buy a house and a car and he was going to buy a house like that and John says you know Harold, he said you can make that all come true with just one word and Harold says what's that John he said sell and Harold said I think it's going to go higher and John said well it might but it might not and of course that was the high and Harold barely got out with his skin. He made money but it was just a few thousand as opposed to 150,000 that he was 150,000 the Harold was a lot of bread because he was in his late 60s he was a carpenter and to see a carpenter give three years income back by being greedy is a little bit scary so whether that means much or not you know I really don't know but we'll have to wait and see. Okay, someone's asked a question about negative interest rates boys and girls I will never understand those that to me doesn't make any economic sense at all I mean like zero I really don't understand it at all I will post this chart that I posted before this is of the ten year T-note using the Wycoff type of analysis you can see the one two three drive to a top pattern we're completing somewhere here if that's in fact what it's doing and then you can also see the fact that we had one of those way back in March in June of last year so they actually topped in July so whether those patterns mean anything or not you know I don't know but negative interest rates doesn't mean any sense at all stop and think folks someone stops you on the street and said here you know I'll give you give me your $10,000 and I'll only charge you $250 for holding it for you with no guarantee that you're going to get it back hello we need a judge's ruling on that one that just doesn't make any sense but you know the guys that are talking about this these guys are real heavy PhDs types Lacey Hunt and some of these other guys Ben Hunt I mean these guys they're really really very smart they tell the case for negative interest rates but historically go back we've never seen it so we're rewriting history and maybe that's what it's going to happen but I certainly wrong a lot but you know all I can tell you is it doesn't make any sense to me but use a stop that's all you can do remember that's the only thing that protects you from what's really happening and that is the stops because if you don't and if you don't then you're telling the market that you know more than it does and that's important I wanted to bring this also this last chart from Larry Williams we brought it out to your attention on Monday you'll notice that he was looking for a bottom to coming in here around the 12 and then a high around the 19th our thing looks like at least the Bradley model that we've looked at that seems to be you know hanging in there pretty good right now and that could change in a heartbeat too but if we take a quick look at it if you take a quick look at it we had a bottom here to June 6th that bottomed on Monday and then you'll see that we had a pretty good rally ours is saying that it bottomed on June 6th and will rally into August 25th well that's a few weeks off from what Larry's looking at but his comes from timing solution this is a pure Bradley model this is all ten planets weighted by the weights at the Yale University astrophysicist gave it and sometimes it works sometimes it doesn't but the dates are pretty good and when it lines up really well it usually keeps lining up there's been years where it just literally is perfect for two or three years and then it inverts two or three times during the year which makes it a little troubling but the Bradley dates are pretty good because they're based on Lunar and Venus and Mars and all the other stuff and you know those are the main things that you're watching as we go through with this the US dollar we want to spend the time here with the dollar because we mentioned that it was at that major 61% retracement on the weekly chart last week and we've had the big break now the euros popped above 113 finally we believe once it got above 11240 that was the biggest rally we've had so far that told us that the euro was most probably looking at a really good rally Australian dollars working very nice for us it's got a nice position going on and you'll notice here that this euro chart that I'm going to bring to your attention here was what you're going you're right trading without a stop is like using either a belt or suspenders it's worse than that because you're basically telling the market that you know more than it does and she doesn't like to hear that so if you notice we've now cleared out the highs of the last week or so fact is we've actually clean wow we've already done that I didn't realize that we've taken out the May high folks that and the April highs no no no just the May highs we're close to the April highs so that's a that's a big move so it's telling you that that US dollar has changed the real key folks look look at the red boxes there you see one six one eight one two seven one six one eight notice the three major lows there I put it because they were so important one twenty seven one six one eight one six one eight you know they're ready to go if it went below that Katie bar the door to the downside but it didn't do that it held that level so we don't know whether it's going to work or not do we but you pay your money and you take your choice and right now the choice is this euro looks like it's got a target of one thirteen fifty which is the sixty one percent retracement of that high back in March and if we clear those march eyes at one fourteen forty five this puppy's got game but that's going to have to take a while to do that so we'll see if that's going to be the case or not oh boy 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 trade 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 twelve 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&P 500 for the last twelve six and three months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up for mastering probability today by clicking on the newsletter tab on the homepage of tfnn.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today if you haven't checked out the newsletters page of tfnn.com what are you waiting for all of the tfnn newsletters are informative up to date affordable and must have for every trader looking to gain a competitive informational edge in today's markets tfnn newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks, bonds, metals commodities and tech there's a newsletter to 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 Bazel Chapman has been using the Chapman Wave methodology to advise traders about the expert market opinion while originally hand drawing charts from the late 1970's into the 1980's Bazel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Bazel found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman Wave sequence using the Chapman Wave methodology along with other indicators Bazel Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a 2 week free trial to the opening call Bazel's daily trading newsletter by visiting the front page of tfnn.com cancel it any time during that trial and pay absolutely nothing get your 2 week free trial to Bazel's newsletter the opening call today by visiting tfnn.com check the thinkorswim banner on the front page of tfnn.com ok folks I had a chart for August cattle but unfortunately I lost it it was down at that level of 103 and we had a 1.618 expansion there we had a little bit of a rally but here again you know we're seeing a situation in the hog market that is extremely bullish with fundamentals as bullish as can be and yet when you look at the charts you'll see that they've taken the fundamentals and said hey let's forget about the fundamentals you got this big ABCD pattern down here around 80 Mr. Z just posted it the fact that they just hit 80 and that was a Gartley pattern down there the 707 is the reciprocal of the square root of 2 1.414 is the square root of 2 the reciprocal of that is 707 that's all related to electricity as told to me by Dr. Al Larson a very valid number the distance between 618 and 707 for trading hogs is very very small pretty much incidental but it is a number that you need to pay attention to because sometimes you see it I've seen corn for 2 years go to 707 on the downside and 1.414 on the upside for expansion so when you see those numbers they're not just going to appear once they're going to appear over and over again until it shifts because they do repeat with regularity but they do shift and that's what people get confused with about Fibonacci numbers is that they don't understand when that shift is occurring that usually occurs during periods where you have gaps like we're seeing now in the gold market so that's relatively important from the way I see it so there's one other thing to do and that is to make sure that you live every day in an attitude of gratitude and hopefully we'll see you on the flip side tomorrow we're going to be talking a little bit about the fang stocks tomorrow and don't forget that we do have Shane Smollion on for Friday it's going to be a full hour so you don't want to miss that man knows his stuff so that's it folks we'll see you on the show tomorrow 877-927-6648 if you want to call in and I think we're being I don't know who comes up next Steve Rhodes but I'm not sure