 of TFNN. Trade what you see with Larry Pezzavento toll free at 1-877-927-6648 or internationally at 727-873-7618 Now, Larry Pezzavento Okay, looking good, Billy Ray feeling good, Lewis. We are going to have a guest today, Jim Bartolioni. Tomorrow I have a travel date and Wednesday we have Shane Smollion. Thursday we have Stan Harley and Friday we have Peter Elides. This is what our schedule is for this week. Now let's talk about some of the markets. I left you folks on Friday to try to buy a lottery ticket is what I said. Hold on, what did I do here? I've done something wrong. I figured I had it right, but I don't think I did. So let me try it again. Where is the darn thing? Anyway, that's what all here it is. It's right here. Tommy Huegard asked me to bring this up. Hold on a second. Here's where we were on Friday with about two hours to go. I said I wouldn't be surprised to see the market rally up into this area right here, which would be the exact 382 of the high that we made back here on Fed Day. And that's you can see what's happened here. It's very, very interesting. That's what we went to. But let's take a look at what happened with that folks. And today we'll look at it from a chartist point of view. We'll put up this chart here. This is the YM. Same thing with the E-mini as in B. Hit the exact 382 also. Hold on one second. That in itself is quite amazing to me. But as we bring this chart up, you're going to be able to see this is the E-mini Dow Jones. We hit it first. Okay. We came back. We hit it again. And we hit it again. We hit it three times today, folks. You hit it Sunday night, early Monday morning. And then today we come down. We took out this low by two or three pips. And what I'm really thinking is that we're probably getting ready to go above here. The reason why I say that is, boy, the market is really getting hit with some really negative stuff. And it is not collapsing. I would have thought today that the Dow would be down 1,500 points with the news just coming out of China. You know, China, the Chinese real estate people, one-third of the mortgages are under fault. They're not paying them. The second thing is there was a rumor that there was an overthrow of President Xi, which I never believed that for a second. The second thing is we've had a slight devaluation in the pound. We went all the way from 108 on Friday down to 103 today and then up to 109 today. We'll cover that just a little bit. But I wanted to do these 3A2s because of the people that have given me the support at the day trading thing that we did on the 20th. The great response and watching these 3A2 perform is just really, really quite amazing. I mean, folks, when you stop and think it's so simple to make that little tiny calculation and you get a pretty good idea of what you think is, you know, really happening. So let's just look at this tonight and you'll see what I'm talking about. Now, let's start out. I'm going to tell you this whole thing started with the U.S. dollar, all right? And I'm going to go into this for just a moment and then we're going to talk about the 3A2s. Then we're going to go into the few of the currencies that we're watching very, very closely. This is the dollar index. We were saying in the newsletter we were going to go between 114 and 121. This is a ABCD, folks. As you can see here, we missed the 1.618 expansion by only six pips. And that's in the face which really blew me away. That was in the face of the pound going from 107 and change on Friday down to 103 and change today. That's a huge move. We had a pretty big move in the Euro, not much though, you know, 50, 60 pips. And we had a big move in the Australian dollar, a huge move in the Canadian dollar. I mean, this should have blown this thing off the map and it didn't. So there might be a plan here by some of these central banks to try to hold a line here. But frankly, the line in the stock market has been drawn as the question is when they're going to take the darn thing out. Now, here's another one that we watched very closely last night. These are major markets too, by the way. This happens to be the gold market. You'll see it went down to 1630 and then rallied up exactly to the 3A2 retracement, not a tick higher. And then now we're trading down below 1640 already. Our profit objective, excuse me, the price objective of the gold comes in at 1545. That's what we're looking at. That is a monster, because that's an ABCD on the weekly and it's also a 786 on the weekly and it's got to have your attention because we're watching that one very, very, very closely. Okay, the next one we're going to look at is the British pound and I'm going to do part of it now and I'm going to do part of it piece by piece because I had several questions from our friends over in the UK about this and what it means. So there was your 3A2 retracement. We stayed above it for a little bit and then we've dropped back into this area right here so far. The ABCD on this one and the ABCD on this one measures a great deal lower. And what we're going to do now is to take a look at this and you'll give me a second here. Here's where we are. This is updated pretty much and you'll be able to see where we are today. There's where we are with the British pound. Now here is where we were in April of this year. Right here. I saved this because we were in the UK and they asked me about where the pound was going and I said, to me it looks like it's going to 85. And we hit 03 today so we'll see. But that's a perfect 1, 3, 5 pattern. The symmetry between 1 and 3 and 3 and 5 is perfect. The ratios are perfect. 3A2, 3A2, but a bing, but a boom and how do you do? So those are the ones that we're watching really, really closely today. Now let's switch gears here since we're talking about the pound in a smaller time frame. Okay, that's what we want to do. So here's what we're going to do. As of last night, I wanted to get this up here because you know who Ripley is, right? Ripley's Believe It or Not. This is a Ripley's Believe It or Not trade folks. I sent this out and I said sell the British pound right here and cover it right there. And if you believe that you still have two shares in your name on it, so be careful. I just pushed this out to show you the ABCD pattern. This was done after the fact boys and girls, but I just wanted to show you what happened after that because the pound is swinging a big stick out here folks. Look at these swings that we're having in the British pound. This is what we used to get in a month and we're getting it in a few hours. So this volatility is back in spades, my friend. This is the British pound. Look at this. There's the big break right here. I mean, if you were here, you could have seen this was right after the open Sunday night, the first hour of trading and then boom. When I left, it was here. When I got back, it was down here. It pulls down to a perfect 61% retracement, goes up, pulls back to a perfect 382 retracement, goes up and makes a three drive to a top pattern, perfect ABCD to a 135, okay? I mean, this is just lined up. Look at a perfect 135 right at the 382 and it came all the way down here. So, the pound is not for the fate of heart, my friends. We'll be right back. 877-927-6648. Time of booming inflation. We are purchasing powers eroded. There's no better place to protect your harder and money than in gold. This is the gold's flagship asset the Mount Cod Gold Project in the Northern Territory of Australia. This is Australia's largest Unveiled Gold Project. We are talking a world-class gold project in a tier one mining district. This is a large scale, low cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. VISTA Gold just completed the Mount Cod Feasibility Study, which resulted in a 7 million ounce in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. This distinguishes Mount Cod as an attractive, diverse part ready development stage gold project. VISTA Gold trades on the New York Stock Exchange under the symbol VGZ. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing it number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability Newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN Educating Investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter Market Insights today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com TFNN Educating Investors. Back folks and I would like to bring this chart up of the Porter Stansbury thing because they're the largest marketeers of stuff on the internet and they have millions of customers and they've been showing this AB equals CD pattern. The low on the left was the 87 crash and there's the ABCD pattern up here in the January and their price objective they think in a few years we'll be down here at about 1,000 in the S&P currently we're trading at 36 and change. That would be a significant it's not going to get there overnight but we're in a bare market folks so protect yourself. I'm very surprised that the market has held up as well as it did today given the fact that the British pound got hammered so much I mean the market didn't even shake it they were down a little bit I mean really not very much we've made new lows now on the other side that you know we're getting ready for a significant move to the downside but please protect yourself folks there's so many black swan events that could be out there that could really hurt you and I don't want to see you hurt and maybe I'm wrong and if I'm wrong you don't have to listen to me anymore but you know boys and girls this time I'm not wrong and I really was hoping for a rally today because a smaller term ABCD patterns had completed on Friday we've made you know triple bottom lows we've since taken that out but we're down nine or ten days and that in itself is an outlier event but let me show you a chart here that was given to us by one of our friends I know it's a little bit busy this is the understatement of the year Larry hold on a second get up here right here get up here there we are okay now this is the VIX index and forget all the black and all this other stuff just look at the price action here okay you have the big ABCD to the downside okay now you have an ABCD the upside okay look at the twenty one line that goes right through here folks I mean it's if it if it can get above this line look out I mean be very very careful in here the news that you know China's one third of the mortgages were not being paid in other words they were all in default and they weren't going to pay them there's another big thing you know coming out of China we got mortgage rates at six and a quarter percent now they were three percent just a few months ago I mean hello real estate goodbye real estate that's not a good thing to be looking at either so we've got to prepare ourselves for something that is it could be you know quite sinister how sinister you know no one really knows including myself and all I'm looking for to see you know what the markets are looking at because I don't think we're that far away we're only a couple hundred points away from the smaller pattern but a lot hold on just a second here hit the wrong button buckaroo hold on a second get this chart up here and I'll show you where we are right now a rally today would have really been a blessing in disguise because being down nine days I was pretending that in my mind that maybe we would get a little bit of a bounce but you know we went right to the three eight two overnight we hit it three times I mean what do they got to do right the thing in grail hello operator you know I want to thank the folks that are doing this I have three people that emailed me that really I wasn't disturbed I was a little concerned but they said look I we were at this we were in your program the other day we saw the three eight twos but it's just not working for me and I ask him to please I send me the chart that you were looking at and what did they do they sent me the charts on the S&P okay they sent me the chart you know on the natural gas and they sent me the chart on the gold and all three of them were actually perfect and so when I made the correspondence back and forth well what happened well I was using a $50 stop how can you use a $50 stop in gold that is the contracts that's trading for $160,000 you got to give it a six hundred dollars you know so you put your stops too close but a bing but a boom not working this is the start of the high holy days Rosh Hashanah to Yom Kippur eight days it's a cycle right out of the Hebrew Bible based on the full moon which is today this was supposedly there was a gentleman in Chicago that had a radio show and he always talked about you know buy on Rosh Hashanah and sell on Yom Kippur that it was an astral cycle well when I was in the book astral cycles of traders viewpoint you know Dr. Miller and I and Jim 20 men went over that cycle very very extensively over 100 years we looked at it and believe me folks it's about 51% so it's a coin toss cycle the fact that it's a full moon may or may not mean something at all but it really you're supposed to buy on Rosh Hashanah and sell on Yom Kippur well today's Rosh Hashanah and if this is the bottom you sell on Yom Kippur eight days out well it's got a bottoming type pattern but if we close badly today this bottling this pattern might not bottom until 31 you know 76 you know it's only down a couple hundred less than 200 handles from where we are remember we dropped 200 handles in one day here recent almost $200 you know 150 handles so you gotta be very very careful you know when you're doing these so remind yourself of that it's not about what you make it's how much money you don't lose that's the whole key you know to watch it now we're getting lower prices now in gasoline crude oil heating oil all of that stuff is breaking down folks that's not that's not a sign of inflation that's a sign of deflation so when they're thinking about recession they're using the wrong first letter it starts with a D not with a you know R like people think so let's remind ourselves of that that's very very important also okay now I haven't updated the grains as of yet because I've been overwhelmed with not overwhelmed but answering a whole lot of questions about the euro the pound the Australian dollar all of these I mean they're just making such incredible patterns and we're really close there's no question in my mind let me show you the Australian dollar which is all related to the the commodity markets just get this probably be today or tomorrow that we'll start to see the turn you know turn around Tuesday but look at this ABCD that we've got going on here in the Australian dollar now this is related to commodities folks you know if the Australians are not selling you know this they're not selling commodities and commodity should be dropping and some of them are so that's another one to pay attention to the euro the euro came down and we came within just a heartbeat of the major pattern in the euro and I think that's important but you see that let's show you the dollar index because the dollar index I don't trade this but I watch it for turns because if you follow the makeup of what the dollar index is the dollar index is made up of 53% of the euro so that's 53% you throw in the pound the yen and the Canadian dollar and the Australian dollar you got to have almost all of the thing and there's a lot of indices a lot of currencies in here that hardly traded all that are in the index but that's what skews it but you see you had that big move up okay we stopped right at the 1.618 advance I put the wrong chart up that's not that's the British pound not the dollar index just give me a second here I'll get that dollar index chart up again shut the front door and raise the rent what did I do with it it should be right here somewhere oh don't tell me I got off the board already oh shucks I did got it well that's my bad I'll have to correct that after we talk to Mr. Bartolioni in just a few minutes he saved my bacon one more time my wingman is coming up boys and girls Maverick will be with us in just a second if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning I publish the gold report with coverage of gold silver bonds the XAU, HUI, GDX as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great sign up today 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 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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 in 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 TFNN educating investors this segment is brought to you by Think or Swim for more information just click the Think or Swim banner on the front page of TFNN.com okay folks it appears that Bart is swamped which I can certainly understand you know what's going on here with the stuff that's going on because it's it's very important but I want to I'm in a sort of a you know I've been watching this stuff all night last night and you know we've been bearish this stuff for a very very long time and even look at the bonds folks the bonds have no no friends at all they rallied from 127 up to 129 now we're trading a 126 it's just one after another they just keep beating this stuff up and this is not a good sign this tells you there's a swan out there folks and it's not a white swan I'm afraid that when one of these mornings and I thought it might be this morning because at 4 30 yesterday afternoon I left to go out for a Hebrew gathering with some of our Jewish friends here at Tucson we support the Jewish faith along with all the other faiths too but when I came back and I saw that we had hit a 103 candle I said oh my god I said this might be it but the market actually held up relatively well one of these mornings we're going to come in and something's going to happen I don't know what it is but these markets they're getting hammered there is no support anywhere somebody knows something and they're not telling but the market's telling right prices are going down for heaven's sakes they're not going up there's something wrong out there so for God's sake you know please get yourself you really have to it's really something look here's your problem folks this is the problem let me get this up here and show you you've heard this before but you're going to hear it from me I don't know nothing about the fundamentals this is the two year yield look at this it's 4.3% the 30 year someone is willing to not take the risk for 30 years it's at 3.6 in other words they want this stuff right now they're that scared so boy that's not a good sign that is really negative the inverted yield curve is one thing but when you see something like this hello when you see something like this let me show you on a relative basis where we are and this has only happened folks what's happening right now has only happened once after the civil war look at the war here the election here look what's happened we have taken this out you want to measure that ABCD down here this is really really negative that's what the problem is it's a flow of money that's why the dollar index is so strong because people have to buy dollar indexes to buy the US treasury bills and the treasury bills have been going up crazy to the upside the third year it's lagging badly so something's wrong folks I hope you make that distinction when you're looking at some of these things now this was the chart that I sent to Tom Hougard early Sunday and I told him to keep an eye on that we were chatting about the interest rates and the pound and everything and I said take a look at that that was the one we looked at before hit it three times and now we've broken down into new lows so this market I don't know what day it's going to be it just keeps there is just no bounce folks and I am a technician and I like to see markets jump around so that's it and let's pay very very close attention to some of these things here because they're very very important now the next one I want to bring to your attention here is the euro so hold on to your hats here because this is 53% of the dollar index this is just like we were looking at in the pond the pond, the pound this is a daily the pound was the weekly look at your 135 pattern right here three drives to a top pattern then you have the pullback this is a weekly chart by the way three drives to a top pattern you pull back to a 382 with the ABCD there's your 135 pattern and here's your 382 retracement bada bing bada boom looks like we're heading way down here and that's very very possible remember in 2000 right back here we were trading at 85 my grandson was born in August of 2020 2000 and 22 years later we're getting ready to attempt these lows again and we could get there quickly just like the pound did folks that's where you have some really big stuff when you have big moves like this that's telegraphing that something else is coming so there is big trouble all across Europe folks not at the fact that the Ukraine is under attack the whole thing is crumbling it really is you already know that you can take a look at the charts and see it so since we're talking about that we're going to take a little trip across the pond here and look to see what the markets are doing here overnight and I want to bring up here the footsie to start off with and our good friend Mr. Hougard has been partially responsible for this puppy coming down today because he came out with guns of blaze in this morning at one o'clock in the morning and there as you can see we have this big move here you know we're now we've already shattered these lows and we're heading you know even substantially or whether we take this one out or not we have to wait and see but we will eventually whether it'll be today or not I don't know my worst fear is you're going to come in here some morning these darn things and by the way I just got a notice here from someone here across the pond over in the UK that the Bank of England just limped in that means they've done very little to try to support the pound so give me one second here folks I need to check and see what the pound is doing right now and the pound has done it's just nothing it's still trading at 106.70 so that's it we're still making new lows in the YM bonds are still almost ready to take out the 126 handle at 125 golds at 16.29 making new lows remember the 382 on that was at 16.56 that's $30 almost $30.27 where we are right now so all of these things are going lower that's why if you pay attention to those 382 retracement it'll help you it really will now here's the DAX this is not a hard chart to figure out but here's the German DAX I don't trade this I watch it because of Tommy Terrific in it all the time but as you can see here we have the double top there's your first 382 there's your 51% retracement you make a little DCD here and then once you go here that changes it to the upside there's your 382 folks right there from there up to there that's your 382 bada bing bada boom and look where we're going that makes it this the DAX is going A B a C and a deep a deep a deep a D so that's going to be a deep one so please protect yourself I've been saying this I'll quit saying it that way don't sound like a broken record anymore than it already is so let's move on here to a couple other ones that I wanted to to share with you I've shown you the Australian dollar I didn't get the Canadian dollar done as as of yet but I you know I yeah I might have it right here I think I might because it is going wacko too just a second here you talk about I want to show you this on the weekly basis because we have we have vaulted I mean just absolutely vaulted today in this Canadian dollar we have blasted through this already you know that's another one that is gone crazy we've already shown you a Australian the British pound the Japanese yet the Japanese ends actually holding up relatively well in that 145 level but you know the Japanese people they can't do very much at all mean they are totally tapped out because the government has been pumping this stuff for many years and unless they start printing paper which is pretty much what they've been doing you know these things are going to be headed a whole lot lower now we got to pay a few bills right back 877 9276648 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 to 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 Basil 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 peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in 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 the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information paper whites investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at tfnn.com only $37.50 sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer try at risk free today with our 30 day money back guarantee tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade LABU or LABD directions daily S&P biotech three times bull and bear ETFs visit direction investments dot com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ okay we're back folks and we have a guest on the line Jeff from Philly Jeff how are you doing just living a green living a dream sir on the green side of the grass a tiny bit tired from being up all night watching the pound bounce around but what can I do for you buddy well I heard your I guess I wasn't able to join you so I thought it'd be a good time to give your call so I have an issue with my trading and I've identified the cause and I have a solution and I wanted to tell you those and see if you would comment on it sure absolutely okay so the issue is that I have a good win rate but my equity curve is not what it should be and the cause is this that I've been trying to scale up my trading and what happens is you know I trade small and it's win win win it's like okay I'm going to scale up now and I increase my risk and of course I get the beat down and take a loss that wipes out most of my gains and then I trade small again until I get a nice run of wins it's like okay things are working I'm going to scale up again and then the whole cycle repeats so I think that's why my equity curve is kind of flat now here's the solution that I've come up with okay is that I like once I scale up I need to continue at that level until the wins come so what I want to do is stay at my lower trading level until I have saved enough winnings to cover say like 30 losses in a row at the higher scaled up level and once I have that cushion of say like 30 losses in a row which I don't expect would happen but anyway now I got enough money where I can withstand getting hit at the higher trading level so I have the lasting power to wait for the wins to come back so what do you think about all that all right if you're doing well at the lower level and you're not doing well at the higher level you're not ready for the higher level now there's a way to get around this and fix it we have Sarah just told me not more than five minutes ago we have one opening in the advanced $35,000 course that doesn't come up but once every five minutes it does come available Jeff so I suggest you sign up for that and then after you've taken that course I think all your problems will be fixed does that sound like a good idea Jeff I'm pulling your leg let me tell you why you're jumping what you're doing is you're playing in AAA baseball doing very good and all of a sudden you're not going to the major leagues you're going to the seventh game of the world series you're increasing your bets and just add one contract or two contracts at a time you don't have to try to be like Tommy terrific I mean he's a wild man he'll sit there and lose $300,000 in 20 minutes and make $600,000 in 40 minutes so you don't want to be like that you know that's just keep it really simple nibble away it adds up Jeff I am being conservative I'm only doubling my risk Jeff Well what pattern are you trading Jeff I mean what pattern are you doubling your risk on is it a Gartley, a butterfly which is it it's like 80% of my trades are the Gartley and then some butterflies and that's what I'm focusing on okay well that still should work but I don't like the idea of you thinking about 30 losses in a row because if you think of 30 losses in a row you should check into another radio station because that's not ever happened I've seen 8 or 9 or 10 but I've never seen anywhere close to 30 and we did 30,000 trades on the floor traders handbook and the most we ever had in a losing group was 8 and of course we had strains of 17 and 18 but 8 was the largest number of losers that we had in a row which is a probability, a possibility anyway Jeff Well the idea is it's not that I expect 30 you know a cash cushion so that I can double my risk and handle whatever string of losses I get without going back down to the smaller risk. Okay then if you've got the capital just do it and just follow through you know that's really what you have to do because the numbers are there the probabilities there we've seen it over and over again so you should be able to do that without any trouble at all there's a key to all of this though Jeff you got to remember Warren Buffett remember don't take the losing trades that's a very very important rule number 1 and rule number 2 is don't violate rule number 1 so just don't go overboard and don't do something stupid the worst you can do is have a double or triple position on and then add to a losing position then your toast T-O-A-S-T and it's good night Jeff so don't do that either just keep your stops in don't add to losers and the patterns will be there okay so I guess you're not going to sign up for the $35,000 course right now I'm going to think about it you're going to think about it okay this is good good thinking about it is good everybody likes to think about hey thanks for joining us my friend if we ever get back to Philly we'll take you to lunch okay yeah please I'd love to meet you okay you bet okay let's move on to the next one folks I want to talk a little bit about the Nasdaq here because that was the one I was getting ready to show and then this is the one I want to show is the crude oil not the Nasdaq let's get the crude oil up because crude oil is at a real major point here boys and girls again if you'll remember the last time we were here we had a three drive to a bottom pattern here we rallied up to the 382 off of the high back here and look where we are now folks we broke $77 a barrel now let me ask you a question there was a war going on in Ukraine and the oil is not flowing good and we had $5 $5 a gallon now we got $3 a gallon how can all this happen during a war because the news follows the trends folks that's why when you follow the news stuff and watch these markets go up and down every day like they think that you're really watching them and they're watching your position forget about it you know trade what you see not what you think we're near a pretty good bottom down here you see the bottom part of this here is 1.618 that comes within 70 around 74 and remember from the newsletter 24-7 when we were back here it says we have a high probability if we take this out we're going to 73 well 74 is very close to 73 so watch that the next day or so very very important there's another one that is making a monster Gartley and I'm hoping that I can get that one up to let you see it here for just a second and that is the natural gas if I can find the darn thing and I will find it so bear with me here one second that's in the future section and I need to go there and bring it up and we'll see there it is right here this is a big big oh my gosh we're almost here today folks believe it or not let's get this up here and see where we are today because we're just about at that level we got as low as 6.8 6.7 6.8 today I'm looking around 6.5 we're trading quite a bit higher now we bounce about 3,000 bucks but that's a beautiful ABCD in a bull market you know you're going to be setting right at the 78% level so watch that one put that on your watch list because that's a that's a real folding I think for something really really good I will try to get barn on next week but you know folks some of these guys that are very kind to come on the show they're very very busy and they don't always have the time to come on and spend a half hour with us so we should be thankful when we get them and when we don't who knows but Wednesday we got the Shane man the wolf traders coming up Tuesday we got Stan Harley and Friday God willing we'll have Peter Lighting so we'll be right back with the next episode of 7.97 6.648 Vista Gold owns and operates the largest undeveloped gold project in Australia the Mount Todd Gold project Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista Gold has all major permits approved and has retained CIBC Capital Market Assistance in evaluating alternatives and in completing an accreted transaction Vista Gold trades on the NYSE Vista Gold executing a strategy to create shareholder value 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 Basil 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 in stock prices get the opening call newsletter by Basil Chapman in 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know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN.com don't forget you can listen to TFNN live on your mobile device 24 hours per day go to TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV okay folks I'll bring up the chart the E-mini S&P and as you can see we've come down here two days in a row we've been setting this up frankly the fact that this thing is held this level today it just really surprises the heck out of me but we are down so many days in a row we're very very oversold I would really like to see this low take out just a little bit and then start a rally because what we need now is a nice little counter trend rally like we had here the problem is the cats out of the proverbial bag this is a bear market boys and girls the people who are starting to sense that when they look at interest rates and all the other stuff so the rally they were going to get is going to be a DCB a dead cat bounce and that dead cat will stop at .382 of this number right here if that's correct and if it does and if it does there's your chance that's the whistle the old bear express will be starting right after that now maybe it goes blasting through and maybe makes new highs I don't see that in the cards but what you want to see is a quiet three day rally I will not be here tomorrow it's a travel date I will be here I'll be old in the morning I do the five o'clock show early in the morning but then I can't do the ten o'clock it's the airplane time anyway we will get this all covered here and then Wednesday Thursday Friday we've got our guest Shane Smolian Stan Harley and Peter Lides and we'll go for that I'll get in touch with Bart later this afternoon and we'll see what's happening here so live every day in an attitude of gratitude and may God bless and if you have any questions folks you can drop me an email at Larry at TradingTutor be more than happy to answer them for you if I can but watch for pray for a three day rally a little quiet one that would calm everybody will be talking about this double bottom that you know has a history mark on it like a skull in crossbones but we're way overdue for a rally and that's what and I haven't said that I haven't said that since Christmas 877-976648 we'll see you on the flip side tomorrow boys and girls