 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 we're gonna go over a couple things here this is this stock of folks I'm a bit tired I enjoyed doing I'm especially enjoying doing this to help Dave out but I it just the hours are long now because we're having such incredible moves with ABCDs and stuff so you got a dance with the girl you took to the dance because she might leave early and then you're out there on your own because sometimes these ABCD patterns don't work I posted a chart here of the E-mini S&P and we've been following this every day just like we usually do and you can see the the high today if you look at it we suggested it might get to 40-30 in the newsletter anything above that it's you know you know flat off to the races but stop and think now if you look at that bottom we made just about you know eight trading days ago we're up eight days in a trading cycle now Larry Williams did all kinds of work on this he charged I was a huge amount thousands of dollars way back in mid seventies when I was at Drexel and Drexel gave me when I went to work for them I said I'd like to have an educational thing he said don't worry he said whatever you want we'll pay for of course it took it out of my commissions but it was it was well worth it but the thing that Larry told us at that time was you know the statistics behind the market in other words it goes up three days in a row what's the statistic that'll be up the fourth day the fifth day the sixth day the seventh day and the eighth day he said the eighth day was the most important because if it went past eight days you didn't know where it was going to go so you want to be expecting after eight days they either a pretty significant bounce or you know a rally in a bear market so that's what I'm looking at so today you're looking at the today it's the eighth day and there it is sitting right there at the 786 at 40-30 so as it looks like it might be a place to take a look at it so that's that's what I was watching today I I don't get to talk to Larry much anymore we chat by email of course but he's does so much traveling now for personal use he's not does he's not doing any more speeches or anything like that but he really enjoys fishing and stuff up in Montana but boy those things that he told me that's just one of the seminars that I went to with him there were many others that when he first coming out you know with the Williams indicator was one and then his displaced moving averages he actually got that from my best friend Jay Cross who worked with Amos Hostetter at commodity corporation so he he had a lot of great things and Larry and then Jay were friends too so it was he was part of that Conti group you know going back into the 19 they started in 1968 there at Conti the office was at Warner of Wilshire Wilshire Boulevard and oh I can't remember the Cross Street goes right into UCLA anyway there was an office there for Clayton brokerage and that's where I met Eddie Horowitz and Jim 20 men and Larry Williams 1965 they were all trading through there and then what happened was when Conti commodity came in they bought that office and all the customers and moved them over to McCulloch oil building which was right across the street they had been in the use the Howard Hughes building in fact when John Wayne passed away the helicopter came in from Orange County and landed on the Howard Hughes building and they took Mr. Wayne into the UCLA where he passed away about a day or so later but we were watching it was a big deal it was not as big as the deal as the OJ Chase but it was a it was a big deal to watch the you know the old cowboy you know take his last last steps in here anyway let's that's what really happened here but I was want to tell us tell you about what Larry did because there was a lot of things there that were just really you know really spectacular now here's something that I think we should all watch okay now this happens to be a city corp when we get finished with city corp we're definitely going to take a look at the natural gas I promise it that we would do that and we'll do it very efficient well as efficiently as I know but you can see where we were just a few weeks ago a month or so ago way up here and how much it's dropped okay now that's a that's a very very big drop but to stop and think folks city bank is not a very well-run bank it really isn't and the reason why is if you go back and look at the charts for it oh are you kidding me where are all my bank stocks oh well I guess that's something that I deleted by accident boy that doesn't make me very happy okay let's not worry about that anyway if you look at that on a day you know what I've got a charting thing right here I think I can do that real easy so bear with me here and I will get this up and we will take a look at this for come on there it is right there and all we have to do is get the daily up and you'll be able to see that this market told you that something was wrong hello operator this is just look at it during the past year folks and remember this thing split this was a reverse split oh dear it's not coming up yet hold on it'll be there in just a second here there it is right here and you can see it right there this thing split 10 for one reverse no it was a 30 to 1 I don't know but back in in 08 I think it had a 30 we want reverse 30 to 1 reverse split I'd have to I don't follow that but that's going back many years ago in the 08 crash they had all kinds of trouble and then they split the stock so that they the reverse split makes the stock higher in other words they reverse it 10 to 1 it's trading it to $3 so the reverse it so the price goes up to $30 so you got more shares but the problem is is that it they're all deluded and so now look where we are now this is not this is not a well-run company just just recently we just made a 382 ABCD Gartley here in you know just about a month or so ago and now we're we're breaking down Bank of America has gone below those now you want to see how they rally because if they don't rally much and if they don't rally much that's where the problems lie and you don't want to get involved in that because you don't know where the bottom is down in here how about this bottom here same pattern see the little Gartley pattern right there and then boom look what happened when you broke the mid part at point C look what happened when you broke point C this tells you this stock wants to go lower so I don't believe that this banking stock index thing is over that's my opinion and I'm sticking to it the only thing would change my mind is if they come in and all these stocks gap up huge and just keep running and I'll say yeah well not today where they up 4 or 5% I'm talking if they jump up 10% or something like that that takes all the heat off and that means somebody's got to be paying the bills here and the only way they can do it is create money and that's what the Federal Reserve is doing and what is creating money do it dries inflation so get ready for spending more for all the stuff that you're going to be buying because you know you can see look at the grades they've been down for months maybe this is the major bottom in the grains we don't know that but it started in the right direction anyway nothing else so that's an important fact to keep in mind we got a break coming up here just in about another minute or so but we come back we're going to look at the natural gas market in both long term and short term to see if there's a place here or pattern that we might be able to take advantage of so that's what we're going to try to do when we come back from the first break now if you were lucky enough to call through right now don't even try because the lines are just jammed Al sitting there and he's just the sweats coming off his brow he's trying to you know put it people in order to get the winning ticket to see you answers the phone 877-927-6648 oh one line just opened up currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy Keg stats Tiger Forex report Teddy Keg stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t-bonds as they both influence forex markets tremendously when you sign up for the Tiger Forex report you also gain instant access to Teddy 60 minute webinar archive he just hosted forex 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Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis in our gear 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 at 1-877-927-6648 internationally at 727-873-7618 folks let's get to work and try to find a place to buy natural gas I posted the long-term weekly chart up in here and I've had this been working for a very very long time and if you'll notice here that we had these cycles on the bottom that's just a nominal cycle what that means is from the low to the high took X number of days so if you think in the words of you know WD Gann what repeats one way repeats the other way you can see from the high to the low ends up hello operator this is not an April Fool's joke this week so we got a watch for a possible bottom in natural gas this week you can see the beautiful ABCD pattern that came down in fact we had this trade we were on it we were in that trade a long time it was about an hour but we bought it at 287 and we were out at 286 and of course it dropped a great deal more than that and when these patterns fail you got to know that because you don't want to stand in front of that freight train no way no how you don't want to do that so I'm analyzing this that that's the first thing I want to look at to see that yes there's a possible day in here I don't have a really good ABCD the only way I can do this is to measure the AB leg and then assume where it's going to be down here where I think we're going to make a double bottom and find out if that's a ratio more than 1.618 because it certainly looks like it might be but remember the first thing we're looking for is price the time is most elusive so we think it's going to be April 1st but we don't know that you know what nobody else does either so that's a real advantage on our part so the second step that I'll do is I go and I look at the daily chart just to see what's happened here you know over the last few weeks or months to see you know how well the market is held up I'll get this up here so we can see it together okay now there it is you can see we had nice right I'll look you see the bottom right here watch this folks 1, 2, 3, 4, 5, 6, 7, 8 on the eighth day what happened the market topped come down 1, 2, 3, 4, 5, 6, 7, 8 then it rallies up to the 3, 8, 2 comes down 1, 2, 3, 4, 5, 6, 7, 8 again right here right out of Larry Williams's $10,000 seminar made covered my cost on that on the second day of trades that I did but anyway you'll see here that we're getting low we have a big ABCD coming in right here don't we so the next thing we want to do and try to be pretty creative on this is we're going to go and we're going to take a look at what's happening on the hourly chart okay let's do it let's say the four-hour chart so here's where we are we'll get up here remember we have a big ABCD coming in it's not going to be on this chart but you'll just saw it on the daily tells us that we're getting really close to a double bottom in here remember that this is the ABCD that we had on the remember that there was your AB there was your 3, 8, 2 retracement see you're down eight days 3, 8, 2 retracement now you're coming down and you're going to be more than eight days which you can see here what we're trying to do is to get down into this area right here because this could be a this could be a monster because the whole world is buries this stuff even Johnny still raising his hands it looks lower to him but look what's happening you see we're having it looks like it's a bottom here you have a big down day today so what's going to happen next well what you do is you've got to analyze this part right here to see if it's got anything in it that would tell us that possibly yes this may be a bottom coming in to natural gas and by doing this show guess who's going to be buying natural gas very very shortly now here's is the picture everybody send in ten dollars for this and folks will donate it to charity but this is the kind of trade that you'd like to see trade what you think trade what you see not what you think but look at this there's your move up there's your eight day run okay then your eight days down we're a little above the 10th day right now but all these were were the same as you remember but look at this this is where you are the eight days were here there and there's where the eight days were here's where we are right now we've got a market that couldn't take out the high of four days ago stopped right at the 78 percent level then it rolled over today it's coming down this sets up potential for absolute dead on lock lock your horns into the old steer and riding for a while it's right on the money and that is where you want to be watching to buy it now when it gets there the ideal situation is that it takes this low out which many people say oh if it gets below that level i'm going to be wrong well this is where the pattern says yeah you might be wrong but by golly if that turns just a 3-8-2 on that can let you to buy a new Chevy Impala or a Honda Accord or something like that but anyway if you're looking at this this is what you want to be watching and i'll be following that since i've been doing this right now looking at i saw a couple things that just really lit lit up so i've got to do a special video for the folks to get them ready because here we are on the 27th and it's due between now and the uh 1st of april april fools i think that's on a friday isn't it no that's uh comes in on uh saturday is april fools day anyway that's what that's the day you put all your money on the hurricanes and miami hurricanes to win it all i'm going to make sure i make a little bet on that today because uh sean has been pretty good and so has mr what's his name um norm winsky so let's do one other thing since we've got you here i might as well do it just because we can take a quick look at it and that is pull it back up again larry get it there it is right there and oh i have to show you this too folks give me two things i this was pretty good here because uh we're going to be watching in here uh very very shortly and i want to get it up here on the hourly chart to see here see where we are because then we can really tell us where we're going to be so bear with me here one second here and we'll be oh this is this is great we've got the great price here if you if we went on this one folks give some money to charity because this has got everything on it that you absolutely i like to see so there's your this is from the 21st coming out here now and we're going to assume that right around the end of the week here we're going to break break the lows at 200 which was the old low oh this is uh i i can't i can't show this one folks because it's got too much information i'm just joking just a second okay here's where we are when i see these things that you know i've been doing this for so long and i still get excited oh dear anyway here's where we were look at the high today market coming off dramatically this is where we want to be looking right here folks it will literally be at the 127 or at the 1618 ideally it's at the 127 but if it's at the one this is where you're going to take out all the stops right here so watch it in this zone here in the next few days you remember the week trade that we talked about a couple weeks ago before it's rallied 80 cents this is the same type of pattern so be patient it's getting ready to happen and whether it happens or not i'm not sure but at least we got something to work on and that's it for just for kicks and giggles i put in the AI program today for natural gas just to let you take a look at it and you can see it did a pretty good job of saying what the natural gas was going to do for the day and it says it should start to rally here the last part of the day now whether that's true or not i don't know but it's done a pretty good job there was a high here and a high here and a low came in there so that's that's what you're looking for to see if these things uh you know move in the right direction so i certainly hope you can gain something from that but we'll keep watching it to see if in fact it'll give us something that we can use to to make sure that that's doing the right thing so that's the main thing okay we'll be right back eight seven seven nine two seven six six four eight 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 published the gold report with coverage of gold silver bonds the xiu 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 gold trade sign up today 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 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 are you looking for a way to consistently add winning trades to your portfolio tom o brian is here to help tom o brian has been successfully trading markets for over 30 years a frequent contributor to tdm air trade network and cnbc tom o brian found a 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 brian'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 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 your schedule for thursday yeah i didn't see it so that's not a problem so hello operator i think that was mike more folks i think i uh interrupted the show here to uh i think we're on the air now i hope let's double check to see if the old show is starting you were on the air all right let's go back and review what happened hold on i gotta do one thing right now and then i'll be right back with you gotta gotta hit the old cash register once in a while you know we've got stocks coming in real strong again dow jones up almost 300 all right let's go back and we remember uh earlier in the show yet my previous show we talked about the crude oil and the fact that it was set at such an incredible area that if it broke above that level it was going to be you know a very very strong move and i wanted to bring that chart up to you to show you that strong move and i'm having a real difficult time finding it because i just put it in here why does it do this to me ah this is it right here here's where we are there's the first one i got three to show you okay here is the the crude oil and when it broke above the trend line this is something we covered in the in the newsletter okay and you'll look here you'll see that that's exactly there was that 135 pattern right here said once it broke that and you see it broke it right in the morning and then it backed off here for about a dollar hit 70 10 came down to 69 and then it took off and you can see here without any type of imagination that you've got a low here and a high here and a perfect 61 percent retracement here okay look where we are we're going up we're making a big abcd so all i did to make it interesting was to go and check to see if that abcd is in fact going to be a valid one and that's what the next chart next chart will show this shows it very clearly you know what technical analysis all about covered in my book trade what you see and dr andrew's lo's book the non-random walk down wall street and you can see the big abcd from right here a b cd up around another two dollars a barrel at least to just about the 74 75 dollars a barrel level but the thing you got to remember when a market comes out of point b like a point c like this one has has the tendencies to expand it with a big wide-ranging day-to-day of oil up three dollars a barrel that most probably tells you you're probably going to go a little bit higher than than what you might think so let's let's keep that close to our vest and we'll see if that's working i hope that shows you how the how to what you break a trend line like that and the pattern fails the whole boy you don't want to stand in front of it and that's where you see some of these you know really big monster moves to be watching so we now have the now almost up 300 points the s&p is turned it's up on the day uh nasdaq has turned turned but it's still down 50 and so it's uh it's going to be interesting to see you know how much higher we're going to get here we've got the the yen is a strong or a little weaker to the dollar the euro has been you know setting at one level here we finally went to that level in the euro i believe let me get my chart up to see if in fact that we did do it but this we have set we just had 73 dollars a barrel in the oil folks very very interesting but the the euro is still not taking it out it went up and stayed there for well over two hours and you'll see i'll get it right here so you'll be able to take a look at it whether that means much or not don't know all i know is that the risk here is to doggone small that all you have to do is put about a 25 pip stop on that and if you're right just the half of a down day this is just three up days just half of a down day will you know double doubled your risk to reward ratio so that's what we're paying close attention to we did hit the exact number of 108 and uh that's really hit 108.01 as i recall here very very interesting so anyway let's move on here and see we got the things are moving quite a bit higher well look at soybeans folks they just hit 1421 folks i have to show you this because this is it just like the crudel let's this is fun i could do this all day long hold on let's get this up here to take a look at it and then we will see it there's our soybeans right here okay now there were we bought them right there folks that's where we bought the beans they went against us a little bit okay then it rallied up made the first 382 retracement and then today it made the second 382 retracement and anybody with an imagination is going to say there's an a b c d here up another 45 or 50 cents and i told the people i'm honest that god did i said please and i'm just looking at it myself uh to get some information into you but i said don't look at the soybeans i said just don't put take them off your machine and don't even look at them and i said that you'll be tempted to sell and you don't want to sell because there's a possibility because that low we made was so perfect at a 61 retracement that's the one you want to get folks in december of 1975 that was the pattern that i saw in soybeans it was in soybean oil and the spread was by july sell december you can put that spread on it was a four thousand dollar margin for both of it like don't wait it was about a thousand dollars on each side so that that if you went longer short but if you put the spread on the spread was only 150 dollars margin because your long one your long july short december july was old crop december was new crop so for 150 dollars you could be long the beans okay and you had a your maximum risk was 150 dollars i mean what what kind of deal is that i mean that that's no deal at all so i started putting those things on and what happened was uh they started to move in december i think it was we put them on in december they laid their flat for a while up a little down a little you put 150 bucks in pretty soon it was worth 300 big deal and then you know 350 400 some around 400 bucks and uh one friday uh just before the market closes um long july short december and july jumps 30 points and december drops 30 points at 60 points times the the amount of the money which uh 600 per pound it made 300 on that day with a margin of 150 but we'd already doubled so it was up around eight or nine hundred dollars and Reuters came out again and they said well this is a real aberration this is going to be corrected first thing monday morning well monday morning came and i'm already to see the correction and guess what they stayed there until the end of the closing day boom up another 30 pips tuesday same thing wednesday same thing that spread went 18 days in a row before it had any correction and by then you you're talking serious money that 150 bucks was well over three grand and we when we finally got out of it it was even higher when we got out in june of that year but that's what happened to it and the market just kept running and running and running many times you're thinking of taking profits and oscar and dav nelson would tell me you know no no no he said this is the big one and these guys knew where the anchovies were and all the fundamental stuff that i thought was important but later on i realized it wasn't it was the prices of the stock that did it but that's the one that got me the job at direxel bernum that and eddie horowitz because they wanted to do a commodity department and they wanted somebody that you know done some trading and i've done a lot of that and so they said come on in and take a look and so i did and that next year since eighties some 76 to 80 uh december of uh jess excuse me january of 82 were the easiest of the years i ever had because i it was so i mean i slept in silver all the time so even if i made a bad trade or two you know those things went up but i still have people that i bought kubernetes and maple leaves and mexican pesos uh with that that they still have them in their safety deposit box and it's it's a really joyful feeling for me to do that hey we're gonna take a break 877-927-6648 and we'll be right back sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m. to 4 p.m. eastern or 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 everything in the universe is governed by the fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks you need to pay attention to and you can trust larry's analysis after all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from larry on market movement you need to act on at any time 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 subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors are china a shares hot or not if you trade china a shares now may be time to take a closer look trade chau or chad directions daily csi 300 china a share bull and bear etfs china a shares in either direction visit direction investments dot com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services llc this program is brought to you by vista gold traded on the nyse american ntsx under the symbol vgz okay i've been asked by howard over there in connecticut to take a look at the nasdaq and so what i'm going to do now is to bring up the daily chart of the nasdaq this is up to date i just did it just a few minutes ago and as you can see here uh there's where we are on the daily if you remember the that level right here so all i'm going to do now is to go in and bring it to an area that you'll be able to see exactly what's happening today because we did pretty much the same thing i got to make sure i get that right one ah this is the one i want yeah this i blew it up so you can see what today's action here you'll be able to see the same thing and i think it's important because i watch these ratios uh quite a bit so there there's what you're looking at and this is just making remember we're up about uh five months now we're still setting at the three eight two folks to me that's not a that's not a bullish sign so let's take a look now for howard what the market's been doing over the last five or six days and there's what we're going to do we're going to go in and we're going to put this chart in so you folks will be able to do this and there you go and that's it by the way a line just opened up if someone calls in you can see here this is the nasdaq we made this big spike high now you notice here we we stopped up here today we broke down still didn't take out the low we stopped at the seven eight six and we're we're rallying back to the three eight two level here with several hours to go which means we're probably going to get a little bit higher here maybe even blow it out to the upside that's also a possibility so this is just a pattern and when these patterns fail and when these patterns fail you got to stand aside and that's the main thing that you want to remember okay now that covers pretty much the nasdaq let's move on here i want to get back to the natural gas because i'm going to have to do some work on this and i might as well do it on the air here so that we can see this stuff happening so bear with me one second so i get this natural gas contract here one more time and i want to i'll go through it again on a little bit uh slower pace to see where we are so let's get it up here and hold on we'll go to the daily okay now we just started to rally if you remember we were forecasting a possibility of a rally and as you can see here from the chart that i'm going to post right now you'll see that that rally has already started and there it is right there so the first thing i need to do now is with this rally starting this way that's going to tell me how much do i have to go up here to see because i wanted to get down you see this is just nothing more than a short covering rally that's happening in natural gas as a matter of fact the easiest way to do that will get back to the the contract itself and we just put a 15 minute up here and you'll see it's going to be oh this is going to be it's actually doing a lot a little bit better than i thought but uh we are backing uh we're already back in just a matter of uh we're only around five points that you can see here this is the uh well you can see sunday and everything else so i'll put it up here that this is just going to be another way of measuring the swing you know to the downside so you can see this is where we stopped right here and we've rallied past the 382 in fact we're almost up to the 61 percent retracement already and maybe this is a major bottom i don't know but i'm going to be watching it if we get above this level right here there's a pretty good chance that it could be what happened just yesterday or a few days ago actually eight days ago could be a major bottom so if that happens the only thing you can do is do like what we did in hogs what we did in soybeans and what we did in the hogs soybeans and gold and silver we always wait for that 382 retracement and that's the one that will lead you to the promised land and then soon as soon as you get a big lead you know you just either you don't want it if you think this is a major bottom and we're only the second day up you got to give it a little room folks that's the thing is you don't catch these very often and that's the that's the real key you know to be watching as you're going through looking at these because that's the important part we've got two hours to go to the market so most probably we're going to close close really really strong today and we're right near the highs now in the Dow Jones are up 300 points and we are up only down 38 now the Nazak it's coming back up 29 30 points in the Russell 23 in the S&P now bonds are down about two-thirds of a point and we've got silver and gold or silver's down 20 cents and gold's down $27 so we've got some real interesting markets here to pay attention to but we're over a really key time and that's a cycle that Shane Smollion works on so we're going to find out if that is in fact going to be it's going to be the case so that's the main thing and that what else i want to mention here uh natural gas i got to get working on that because let me just do this right here and that might give us yes it would let's go to the hourly chart and it'll really help us to tell us where we want to go because oh this would be really great if it would just do this i'm going to bring in the bring in the pattern folks to show you what could possibly happen and that's what these patterns will do they are predictive within limits if you remember so give me a second and i'll draw it in and then you'll be able to see the whole thing together and that's it right here okay now all right i have to bring this up and show you the next thing that i want to see uh and that is what is going to happen next and so as i look at this right now as we're trading we've had a pretty good bottom in here i'll bet you that was exactly 61 and that'll be telling us that on the next one i'll bring it up to show you where you are because if that's the case we know exactly what to do and we will just wait and see and look it was just a little bit beyond the 618 uh right at the uh right at the uh what do you call the uh 76 78 percent level so what i'm going to do now i'm going to spread this out so we can see the bigger a b c d and where we can be going to okay that's the the real key and that tells us that we're going to probably be making a low here in the next two days and that low is going to be a butterfly pattern and that's the one you want to be buying remember that long-term one that we looked at this is a short-term version of that what you'd like to see is the market fail from here and then start moving on to the downside near the 20 or the 30th at 30 for 30th 29th or 30th that's uh what is it 29 it's yeah yeah the 30th 30th and 31st anytime between wednesday thursday and friday is what you want to be looking for for a bottom and natural gas now if we take out today's high then that bet is off but until that happens until that happens that's going to be the one that you need to pay you know very very close attention to very very close attention just uh extremely important to do that so let's do that now i wanted to bring one other thing up today and that is in the hog market because we just had uh let's go this is such a guys i just don't understand why people are not interested in some of this stuff this stuff is so shut the front door and raise the rent let's take a quick look here at the lean hogs you don't have to know much about reports or anything like that if you'll see here there's an action over the last few days there was your three eight two retracement there was your first one there was your second one and we got to get ready for the other one because what's happened now you look at this closely look there's a b c d perfect count the bars up count the bars up perfection we're going to look at that when we get back eight seven seven nine two seven six six four eight Billy Ray Valentine selling natural gas if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30-day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com tfnn 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 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also a special guest on CNBC Tom will bisect and dissect the markets the Tom O'Brien show next on tfnn folks are wrapping up i wanted to remind everybody this is the eighth trading day in a row that we've been up in the stock market and the odds favor at least a three-day correction coming in here not to remember it's odds favor it doesn't mean perfection so that's the main thing to keep in mind we're looking at something that could be you know very very interesting here from a long-term perspective but you know we're setting right up here to this Fibonacci number in the s&p they're at 40 30 and we're almost there again we're there earlier this morning we might even close a little bit higher than that which would also be unusual i did post the chart in the NASDAQ had been the leader if you remember that's the one that took us off the bottom and now it's actually backing off a little bit telling you that uh-oh maybe it doesn't look nearly as good as it possibly does it always looks the worst folks right before it takes off if you remember here just a few weeks ago well just a few weeks ago about just a few days ago this is where we were i'm going to get this up here to show you we were looking for a lot larger prices at that time there's where you are okay we came down to our level right here came a little bit lower and then hit this line this downtrend line was drawing perfectly with beautiful symmetrical cycles everything there that you can see the good symmetry and nice little valid trend line and then away it goes to the upside folks way i traded back in the early 70s was to break in other words if the bottom came in right here soon as a market like this went above that little correction area i bought everything in sight i started buying wheat corn and soybeans the farmers that were behind it i was also rooting for them and what we were doing is many of these guys were getting government money this was in uh 75 and 70s early 76 and uh they were getting paid in gold because the government had excess gold at that time and gold was only trading for like under 200 bucks it was not a big deal 877-9268 we'll see you on the flip side tomorrow and may god bless