 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay Looking good Billy Ray feeling good Lewis. We have on line today from all-star charts JC Parrots. JC. How are you doing today? Larry, what's going on my man? Just living the dream baby on the green side of the grass as always Buying low selling high in quantity as they say on the floor of the Chicago mercantile exchange JC, what do you think of the markets here before I have two questions for you from one of our listeners What is your overall view of the stock market particularly the Nasdaq and also any ideas you might have on cryptocurrencies? Yeah, I mean listen the Nasdaq's the strongest of all of them no doubt about it strongest market in the world I mean still pushing up against new all-time highs look at the technology index XLK pennies from all-time highs as we speak Apple making all-time highs as we speak The semiconductors which if we're gonna have a conversation about technology in the Nasdaq to not include semiconductors in that conversation I feel would be a responsible and as we speak Semiconductors as an index are currently making new all-time highs let of course and Nvidia Pushing up against new all-time highs advanced micro also pushing up against new all-time highs So if you ask me about the Nasdaq, I think you heard me say the words new and high Quite often there Larry and what do we know about uptrends in uptrends go back find your favorite uptrends of all-time I don't care. Which one you know where you're gonna find you're gonna find a lot of new highs in those uptrends That's for sure new highs mean new highs. That's what Joby D again used to say now on the cryptocurrency upfront What are you? What are you telling your folks on cryptos? Gotta buy him baby. Let's go. You know, do you have? Yeah, yeah, do you have any favorites? That's one of the people are asking. I mean that's a Do I have any favorites? Come on, of course They're looking for something for around three to six cents. It will go to about forty or fifty dollars quickly Don't worry so much about the price Itself or the market capitalization right because some of these things, you know, you could be looking at a dollar fifty You know just because it's a low priced Cryptocurrency doesn't mean it's like a penny stock or something like that Which is something to remember because a lot of these things are low priced You know for me you mentioned before you want to you know Chicago guys talking about buying low and selling high, you know, I think that's a tough thing to do buy low and sell high It's much easier to buy high and sell higher, right? You don't need to be the first one in you don't need to be the one waiting for the market to agree with you later You know just go into something that the market already agrees is going higher, right? So, you know, I think Ethereum continuing to outperform Bitcoin I think it makes a lot of sense the trades are simple the theorems above the former highs from the spring You got to own it. You can make that argument across the board with many many crypto currencies including Bitcoin You know look at some of these like Elrond and Avalanche as soon as they broke out above their first half highs They were off to the races. Take a look at the video game cryptos in particular Showing a ton of relative strength. I'm talking about Decentral land Axie infinity gala me personally if if if Decentral land is above four and a half. I think yeah, if you don't own it, I think you're being irresponsible I think it goes. I think it's got another four points of upside and right now it's four and a half That's a nice little percentage gainer there Larry, huh? That's better than you get at the bank The way real interest rates work in the bank you're actually Paying them to let you lend them money, right? Isn't that how that works? Yeah, I know it's amazing, isn't it? Okay, one other question one of our listeners is asking about is do you have a particular stock or Futures or something that you really like like I like gold and crude oil you have something that you you really like that I don't if you can answer that because you look at so many different things. I've never seen anybody Well, there's only one other person can do this much work and that's change mullion, but boy you young guys I'll tell you holy cow. You really know how to use these computers So is there any one or two particular things that you like best be JC? Yeah, like I think you're asking me just like in general not necessarily right now in general. Yes, absolutely in general. Yeah, yeah No, I'm incredibly agnostic. I really couldn't care less whether we're trading the euro whether we're trading Decentral and crypto S&P futures Amazon AMD and video. I don't really care oil gold. It doesn't matter to me one bit All it is is just letters and math, you know to get emotional about a particular asset or pretend that you have any idea Anything about that asset. I think it's silly, you know, nothing just trust price and it's just letters and math Larry I agree with that numbers I've been agreeing with that for many many years. So I I'm certainly not a fundamentalist now We have one other question for one of our listeners in New Jersey And that is the decision by the Federal Reserve to start tapering does that affect anything that you're looking at? You know one decision I made a long time ago that has certainly continued to pay dividends is to completely ignore number one anything that the Federal Reserve has to say and number two Anybody who has any comments on what the Federal Reserve is doing, right? So if you can just avoid those two things altogether your life's going to be so much easier Like this whole like gossip revolving around the Federal Reserve I couldn't think of a worse way to spend your time Particularly as an investor. I think you ignore completely just watch what the bond market is doing if inflation protected Treasury Securities are outperforming traditional treasuries That is pointing towards higher inflation if interest rates are going higher that means interest rates are going higher, right? Like we don't need to you know get involved in the glorified gossip columns about the whole thing Just watch what price is doing and if price and the bond market are pricing and higher inflation There's your answer if the bond market is not there's your answer who cares what the gossip around the whole thing You know, it's it's silly Larry silly. Well, I'm going to announce This is going to be JC's rule rule number one is don't listen to the Fed rule number two Don't break rule number one just like Warren Buffett says, you know, don't lose Positions real number one is don't lose on it on a position in rule number two is don't break rule number one So I like that. I don't I the news follows the trend in my opinion anyway, so it's not a big deal This is so good yesterday yesterday the prices of inflationary assets were down on the back of In higher inflationary worries Yeah, oh you see it all the time. Yeah, it's just one thing after another Remember we had remember three weeks ago. We had hundred dollar crude oil written in the books I mean everybody thought crude oil was going to go to a hundred, you know Now it's a twenty six dollars lower and everybody says no wonder where the bottom is you know that kind of stuff So Yeah, that's you go four point two five point six eleven point seven just keeps adding it up Hey listen pal We're gonna have you on again in a few weeks and if next time if you get a chance I know I gave you a really short window here to get on but they love to see some of the charts that you're looking at Because you are all-star charts and they would love to see some of those So I hope you share with those those it how can the folks reach you if they want to see some of your things JC Cuz you post enough information to To keep a chart is happy forever. How would they reach you? Yeah, no, I appreciate that. I'm happy to bring some charts next time. No doubt about it You could find me at all-star charts calm. You can find me on Twitter stock twits Instagram and YouTube at all star charts I'm easy. I'm easy to find Larry easy to find you certainly are Hey, listen, thanks a lot JC and we'll have you on early December Nick about two weeks, okay? You got it talk soon Hey, you bet folks JC parrots one Carlos parrots of all-star charts. We'll be right back boys and girls with Amazon You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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That's a three drive to a top pattern. Of course, we had a pretty good correction back You'll notice I marked off the 382. This is a weaker than market stock among the fang stocks And also within the Nasdaq minutes not that week, but it is weaker than that You'll notice it has some downside objectives that are quite lower now the $64 question is is the market going to stop here Or is the market going to go up forever? Well, let's leave let's leave it to the old charts and see what we got here this morning This is a chart of a 60-minute e-mini I picked that one because that's the one that most people are looking at I could have done the Dow or the Nasdaq It wouldn't make any difference, but if you'll notice here on this we made a high back on the 22nd of November if you remember that was a day President Kennedy was killed back in 1963 The market came all the way down We went from 4,700 at 47 handle to a 45 handle and we've rallied back and you notice here I marked this in a couple hours ago that the 50% retracement of this comes in at 4649 and it is exactly equal to the last rally that we had when we went from 4580 All the way up to 4680. So it rallies a hundred handles. So pay attention to that now if we start getting above 46 70 something like that That's above the 61% of that range and also taking out the high of late November then boys and girls then you could be looking at new highs and that would be Would be a surprise to anybody that looks at charts because as JC said, you know higher prices lead to higher prices So until they don't anymore, but that's it the real key today. I don't know where it's trading at But 4649 let me double check here just really quick to see where we are if we got there I don't think we're there about now. Are we I did we get well? We got to 4649 75 So that fulfills that one. So on that particular one, you don't have to risk more than about seven cents So that's a main one to pay close attention to now. I have received over the past 24 hours three different What do you say comments about the fact that I do not give Elliot wave It's fair to and boys and girls. I have nothing against Elliot wave at all. It's just that I have a difficulty counting the waves the way that they count them with their subwaves and Diagonals and all that other stuff simplicity beats complexity in my opinion folks I've kept it this way for a long time. I don't want to change it. I in fact I you know, I can't change it. There's nothing else I can do about it All I can do is I can show you something that we've been watching here Every day we look at this market because everybody talks about it all the time And that's the crude oil market and if you'll notice here's where we were just this is the this is the hourly chart I'm going to go down to a smaller time frame in just a minute because you can see here We mark those black lines just like we did with the S&P those were just markets that are repeating the same swing That's basically the harmonic number for crude oil You'll notice that it went to the 382 went above it by about 40 pips and then went down and crashed all the way down to 6420 now you can count those waves any way you want, but let's just let's just do it Humor the old cowboy for a minute folks because I I like showing this stuff because I think we can learn from it But let's take a look at it. Here's where we are over the last 24 hours I'll remember this market is moving pretty good. We went from 72 to 64. That's $8,000 yesterday You'll see that $8,000 now. Look at this follow follow me folks. This is not hard You'll notice the first ABCD pattern that completes there on an early late, November Late afternoon of yesterday then we rallied up You see we went to a 50% retracement and then you made the ABCD pattern exactly perfectly right down here to 6720 then you rallied up to a 382 and you came down and you make the price objective of 64 72 The low on this puppy was 64 42 is 30 cents then you rally up and how much do you rally up you rally up? $2,000 folks then you back off to a 382 retracement there at 66 41 And I I sent that in long before it happened because once that occurred You have to expect it with that big move up after the ABCD that that may be the next thing to look for I did the same thing in the Euro last night and that gave us a chance to buy the Euro at the exact 382 Just like we had done the previous day However, the one the previous day turned out to be a very small profit instead of a huge profit that we had due to the Inflexibility of the said speaker that is speaking now now you notice for the rest of the time We made the ABCD pattern here now that was at a 61% retracement from the high that was back here Okay, and then if you look at the red line look at the red line where the where the 382 came in verifying Yeah, the trend has probably changed. Well, we're already $2,000. Well, not quite 2,000 We're about $1,500 up on that one and that that's a stop and think $1,500 folks is 30 handles in the S&P And you know, that's a lot of handles. So let's let's remind ourselves that You know, you don't have to count them anyway We want you know basil it does his way of doing it which I think is far superior to the way that the folks at L I let me let me Folks when I had that trading house up there in Pismo Beach for those seven years I had a lot of people come in from all over the country mainly because Mark would come in and spend a month or two and Because the house was quite large and 20 men lived on the third floor mark lived on the second floor, but the Well, that was really on the side of a hill. So the second floor wasn't that big Anyway, the main thing was is they would come in and look and these people with Bob minor would come in What was it? You know, Glenn Neely would come in Nobody from prector ever came even though I invited them to come people from Tudor Jones groups would come in And several lot lots of traders of course and stuff and whenever you got those guys and Bryce Gilmore was there almost all the time Well, two or three months a year But they would count the waves and they would argue about whether it was a two or a three or a four or five And I'm sitting over there listening to this stuff. I said, I don't know what what they're talking about I said but all I know is if I do something here at this D point of an ABCD I know that, you know, I've got a pretty good chance of winning better than two out of three And I know I can, you know, quarterfile my risk it right at this point because it gets more than $300 beyond point D I don't want everything to do with it. And then that's all I did. I didn't make it any harder It's really, you know, keep it as simple as possible. But that's really That's really all you want to try to do. I don't think it can be easier than that And I you know, I'm not sure when we get back from the break I'm going to share with you guys what I think might be an early Christmas presence But you got to pay close attention with it because it's one wild puppy But we like wild puppies because wild puppies make great pets Once you tame them. So let's remind ourselves that it's not how much money you make It's how much money you don't lose and therein lies the problem. I'm going to give you a little hint What's coming up at the break? So stay with me here and I'm going to show you the Thing that I'm looking at today and that is nothing more and believe me Something is beeping. So that means it's either good or bad. Let's take a quick look We'll be right back after these words from our sponsor And we'll be back in I think a few minutes. Anyway, we'll go from there Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with the sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers As well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com Or tfnn's youtube channel for live financial content from 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor You were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs abc's butterflies and much more the art of timing the trade charts Is designed to help you when scouring the markets for stocks Just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now we're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Okay, folks back someone Skyped and said I should write a uh a book called pismo beach memoirs I'm afraid no being sworn to secrecy on some of them But the stories that I could tell are are really really really spectacular. They're very very funny anyway Let's uh, let's move on here. Uh folks. I posted the chart of the natural gas Uh, remember folks. We were trading at 650 way back on october the 7th Okay, now we're trading a little bit more than $22,000 lower than that 10 000 of that in the last uh last four days From where we went from 54 Down to we just hit a low of 432 Now you notice where it says on there with that big thing It says important support and if you look to the left of that You'll see a number that says 4.314 That's what we were looking at for to see whether this was going to be the low or not today Now, why would anybody buy it at 4 3 1 4? Well, you have to believe in the 7 8 6 You have to believe in the abcd and you have to believe in the uh, the fact that the market is Expanding to the downside and it's very oversold. So you're you're buying into an oversold market Which gives you a little bit of help But the main thing here is at 431 40, you know that you put your stop at 4 28 40 You know that you're only risking 300 dollars 300 dollars on a on an instrument that is moving 4 and $5,000 Folks even on a down day it moved $2,500 Last night to the low today. I mean, that's how much it was moving went from 46. Well, actually $3,000 Went from uh 4 6 to 4 3 and that that's just a 3000 You know that was equivalent to four limit days in port bellies for heaven's sakes And 3 000 is what 60 handles in the s&p. So this is a great trading vehicle So that's what I'm looking at here That's what I try to define when I'm watching these things to see if they line up or not This will either either you will either work or won't the one thing I can promise you on You don't have to risk more than 300 bucks and believe me. That's all I can tell you so Right now it's trading right now at 4 3 1 4 that was a number we were looking for and we just made a new low Your your stop's got to be folks at 4 28 40 No, if ands or buts no way you can do about it now the s&p did get up to our we get we hit a high of uh In the s&p at 46 50 75 the number we were looking at was 46 49 and then we're going to See assume what's going on here as far as someone asked a question about the crude oil Folks if you remember on the crude oil, we've talked about this and I've shown it in the newsletter Every week ever since it topped, you know, three and a half weeks ago at 85 dollars We said there's a possibility of this and everybody was telling us that it was going to go to a hundred dollars a barrel, you know That that's the beauty of you know technical analysis You don't have to listen to that stuff and believe me There's there's so much junk out there that you don't know whether it's right or wrong Now, let's just take a quick look here at the nasdaq because The folks are out there showing these things and I and people send them to me And I like to see him because I like to know what's going on here Mr. Bose says, I think Larry is deli away from moving averages. Yes, that's correct. Yeah That's me. Well, you got me figured out And the horse you came in on hey, let's look here 2000 you'll see that big shooting star Pattern right there and here's 21 possibly but don't forget now. We're we're not anywhere close to that a high We're not even making it We're not even making a major 61 percent retracement yet in the nasdaq even though it's getting a lot of play And a lot of that is due to apple. I mean look at apples up three day Four bucks yesterday in a huge down market and then up four or five more today I mean somebody wants to buy apple, you know, so that that affects those things of of how they work So just want to bring that to your attention I've had some requests for some stocks that people have asked about that. I don't usually follow But if you'll give me a second here, uh Oh, did that not post right? Hold on. Let me double check here. Did that post work on the nasdaq to show the It might not have because it came through a twitter feed and I might have messed that up So if you can't see that You know go and look at it because you'll be able to you'll be able to see that that's what happened in 2000 And the other one was not it. So let's let's remind ourselves that it seems to look. Okay. Thank you very much I'll glad to uh glad to be uh Yeah, glad to be informed of what's going on over there. Okay now Here's one of the stocks that Someone asked about it's called csc. I have no idea what it is other than it's a stock And I want to bring it to your attention here because uh, it did complete a uh, really nice sell garly up there at 75 And it looks like it's heading down. You know a little bit lower There's just a few of those nasdaq stocks that are going now. It's apple being number one. I mean my goodness It's it's really going very very quickly. So that's the main thing You know to pay attention to now moving on I want to show you something here about hold on one second I think we have a caller coming in here Now we see your dense green. I don't know why that happened, but sorry about that Oh dear, give me a sec. All right. Here's here's something from tommy terrific. Tommy who guard I wanted to bring this up here to show you here. This is the uh, This is the uh, german dax. Okay Now it's an hourly chart going back to the 19th of november You'll notice those down arrows there that you see those were three eight two retracements You know where it says Dax 60 and you see that one right there. Yes, what that was boys and girls That was a three eight two retracement and the one right next to it was a three eight two retracement So these things work in many languages. Fibonacci is not just italian folks. It speaks any language You know, that's it. That's the main thing you've got to remember That that these things work on darn there anything that is traded Actively and that's great now. We had one other one that we've been asked to look at and that was a stock I don't remember it was super z or something like that and I was talking to the gentleman I think he was from Connecticut But I was saying that the the pattern you'll see there the abc ended at 322 And I said that's where I would be getting out of it and of course it went all the way up to 376 Came down to 327 last I saw it was 346 So, you know, there's another example see when it goes about Three percent or six cents about six dollars above that That six one eight retracement expansion. You don't want to have anything to do with it. That's the That's the real reasoning for remembering that six one eight one point six one eight is the Is extremely important for risk control anything gets past one point six one eight You don't actually know where it's going to go. So if you put yourself in harm's way That would that would be able to do it now We're going to change gears here for just a second and we're going to go over to the grain markets Talk a little bit about wheat that's been in a very very bullish market for a long time Give me a second here. This is the we're looking at March wheat now we've moved from December to March now you look in august You'll see that we had a really severe correction from eight dollars Down to seven dollars and look what we've done so far folks We went from 880 to 780 a dollar a bushel and that's holding like a rock at least it was early this morning So that's very important that it holds that Relationship because if it gets anywhere below that it's going to be looking at some real serious work at the 760 level down another 20 cents So that's the key to looking at these numbers and how they repeat over and over again Now if you were to draw, you know your regular channel line on that You'll see that they line up really good if we use andrew's channel lines, which is great because That's another way of looking how the market bounces between these natural occurring numbers That's why it's pretty good when we get back from the break. I'm going to give you just a tiny bit of information About why I don't use oscillators and stuff, okay Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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Go to tfnn.com and hit watch tiger tv That's tfnn.com and hit watch tiger tv Okay, we're back folks. So regarding that natural gas. I had a 300 stop on that I lost they went right down to 10 20 cents below where my stop was but that's okay I did not want to risk more than 300 on that That please don't feel sorry for me because I did make some on the downside heading into that Target down there, but that's neither here nor there now. Let's talk just a little bit about why I don't use Oscillators and moving averages and things like that. Okay. Now when I started in this business, you know back in 1959 We had very little very little is the understatement of the year This started in the 70s with the stuff with cycles and all the other stuff Started to get better and better, but it wasn't until 1983 That we had the computers like you have your desktops here That you could see all the stuff and draw your five minute lines and have oscillators and all that stuff And because quantity stocks and commodities magazine and futures magazine They were promoting all this stuff day after day after day And you had all kinds of these things and everybody had a oscillator named after themselves And you know, that was that's how it all started and I looked at all that stuff And and and I remember in 1972 I went to A commodity corporation for the first time with my friend j cross who was working there And he he was working with amos hostage or daily for four years. He did that And I noticed that when he was doing all of his charts by hand, there were never any oscillators There were no moving averages. There were some trend lines that he used But that was pretty and he was incredibly successful and here that's it I remember now this is when I'm at the top of my game folks I'm a little farm boy that threw out a couple of grand and you know ran it up to a You know substantial amount and yet I When I saw him, I said gee, I'd like to be you know, do just like what he does And he did do that later on and j was there At commodity corporation to work with computers and they had computers And they were looking at moving averages and all these things, but they they what they did They they found out that what really matters was the volatility of the market of how the Excuse me for how the You know the market would move out of that volatility and that's what goldman sacks paid for when they bought commodity corporation Was that volatility breakout system that amos had developed? It was based on volatility of how the market moved out of a certain area And so that's why I don't do it. I mean the and some guys, let me tell you folks There's people here at tf&n are really good at this stuff with the moving averages They are helpful They're just not helpful for me because my motto is simplicity beats complexity in the less lines I have on a chart the better off it is for me because I frankly can't You know, I I just can't interpret them and first of all they're lagging a little bit and when I'm looking At point d and that's it now. Mr. Bill asked the question is what is oversold in my in my opinion? Well oversold is my opinion is when I'm buying at point d and that in that natural gas at 4. 4.3 1 okay, and I get stopped out at 4.281 with the 300 that's oversold So I know it's still oversold, but I tried it. It didn't work now what I will do Yeah, I don't know where the bottom is going to be but we're way below the 1.618, which is a Rather troubling sign So the only way I could even touch this would be for the market to rally sharply above the 131 that 1.618 number at 1 4.3 1 and then show me a little pattern on a 15 minute chart where again I can go in and not risk more than 300 I'd be willing to try it again But it's got to do that and you know, it's not doing it right now It's trading down here at right where I got out at 4.2810. So that's what I'm paying attention to so I hope that helps now I I don't have anything against oscillators and stuff like that. They just don't work for me I I that's just my opinion and I'm sticking to it I haven't changed at all these years and boy, let me tell you, you know when you get that Horse in the crowd for this many years. It's hard to put a saddle on him So I'm not going to be changing the abcd works for me Doesn't work all the time, but it works better than six out of ten times And the main thing it does is it tells you when you're wrong pal because when you go beyond d Especially when you go past 1.618 like we just did You don't know where it's going. So stand aside, you know, that's basically What you have to do. So let's remind ourselves That that's what it's all about. I hope that helps but anyway, that's why I do it But there are people here tfn basal steve roads I don't know if david uses them or not, but tom o'brien uses them too But they they use those as a filter for, uh, you know finding out where they are and that's great You know, I looked at all kinds of tasks the castics and uh, I knew george lane I mean, I had been to his office before and uh, so I knew him when I was in chicago I I knew wells wilder and very good friends with larry williams and stuff and all those things Are pretty good, but they're just not for me folks. I keep it real simple. That's a simplicity trump's complexity and that's uh, that's what I that's what I do and it's been working It doesn't work all the time, but boy when it does work. It's really good right now. It's working in the s&p If you did that when you got a 12 hand or you've got 12 points in your favor So that's it. We'll be able to see it. Yep. I just got a Skype here from someone It says it's reversing from 46 50 and the high was 46 50 75 so sometimes they work sometimes they don't Unfortunately the christmas presents that I had planned for you in the natural gas turned out to be baham bug But uh, that's neither here nor there. Hey tomorrow boys and girls stay tuned Buckle your seatbelts boys and girls. We have none other than uh, mr Fibonacci himself joe Napoli Joey D will be on tomorrow folks at 11 30 and then on friday We're going to have paula web paula web Douglas will be our guest on friday So that's another one that to keep in mind those are all they're all fun guests They all give us something really great and it breaks the human breaks the what do they call it? They're midded not morbidity, but the Boredom of Amy Eagle CD. It's very boring, but you don't want boys and girls You don't want it works. It works. It works. Try it. You might like it. Who knows? I know some of you's tried it liked it. So that's very very good So that's the important thing to uh, sort of remember as we're looking at some of these things here unfolding here today If you have any questions eight seven seven nine two seven Six six four eight and keep that in mind that It's the number you call in if you want to be able to to look at this But we're uh, we're hold on. We got a question. Maybe we have a question coming in right now we have Jeff from Philadelphia and Jeff you are you there Jeff? Yes, Larry. How are you? I am very good and your question is why do I like futures over stocks? Well, I know you do, but yeah, I was going to ask if you could go into some Uh detail, you know about that. We're kind of like on the same lines that you were discussing about oscillators and Sure, absolutely. I'd be real interested to hear Well, the main thing is is the leverage, you know, you get uh, usually get 20 to 1 leverage And you're about you get maybe 40 or 50 percent with stocks. Some people give you more But the leverage is one thing the liquidity is a second thing because you get well liquidity and stocks and bonds are pretty Much the same as far as getting in and out of stuff The futures usually have 24 hours now Like we didn't have that before but it's mainly liquidity and the fact that uh, you know The volatility in these giving the leverage that you have gives you tremendous profit potential But on the other side of that Jeff is if you're wrong, you could get hurt really bad and you already understand that, correct? Yes Okay, does that help? Stay with one other question on the same State stay with us till the break and we'll be right back with you. 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We're talking with jeff from philadelphia and he asked me a question Why I like futures better than stocks You know, the main reason jeff is that's where I got trained. I got trained in futures I didn't get trained in stocks even though my first trade was a Stock trade my uncle put on for me Elastic stop nut, but you know, I never really did much in stocks But it's mainly the leverage that you get with the futures and the fact that You know, that's what I was trained in that that's pretty much I want to ask one other question Do you find that your patterns work better with futures and stocks? They work equally and either one they have to because it's the public being involved and And they have to work. I mean as long as the public is involved These patterns work or I would quit and believe me No one's ever proved it to me because I look at everything the cryptocurrencies was always something that said oh These things don't work with cryptocurrencies. They work just just as good as cryptos They do with the euro the gold the s and p they all work the same. It's based on natural law Okay, so that it works equally well on futures and stocks and every other trading vehicle. Yeah, okay. Yes, sir It certainly does. Thank you very much. You bet. Have a happy holiday. Thank you for calling in and we always enjoy talking to you, Jeff Okay, folks. Remember we got mr. Joey D. Joe Denapoli is going to be on the air tomorrow So that'll be a lot of fun. He's always got a lot of great information And then on friday, we'll have paul at Douglas the following monday I believe we're going to have Jeff huge on and we're going to have adrian toga ray Coming on we'll have stan harley back and also Tim boss and our go-to guy that we always use shane's million will be Visiting in with us too. So those are sure we just had a nice little snap down in the old Nasdaq. So maybe this number in the s and p will hold up. We've already covered our loss in the old Natural gas, but we'll see what happens folks So live every day in an attitude of gratitude and may god bless and we'll see you on the flip side tomorrow and Be sure you take care of your your neighbors friends and relatives folks because a lot of folks out there are having a lot of trouble So we'll see you tomorrow God willing