 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 folks, I posted a chart here showing the Dow Jones back in August of 1987 This was August the 25th right here on this particular date It was known as harmonic convergence by all the Mayan calendar followers Basically you had six planets all lined up in the sign of cancer and it was good They were getting ready to I think it was cancer by the way. I don't know exactly it was It wasn't Leo's the one after that that would would have been after that that would have been I doesn't make any difference to sign They were all at zero degrees This was right out of the brat This basically was what the model for the Bradley model had been done We came down into the solar eclipse on September the 27th We rallied up into October the second and then we came down during this time frame within a day or two Arch Crawford and I were both in Los Angeles I was living there arch was still in New York and we were guests at Bill Griffith show and Ron and sauna and it was on FNN financial news network and KWHY in Los Angeles And that we both said there was going to be a very very significant crash Type market coming in here in October of this year I didn't give the exact date, but I said it will be sometime in October And I said the Dow will down be down more than 300 points in one day the biggest down day the Dow had During that big up rent or up run was 198 points will remember 198 points when you're trading at 2,700 was a lot But the fact is it dropped 16% on that day on that day. There were only 13 stocks up on the the New York Stocks New York futures index only 13 stocks out of 1600. That was really quite amazing Those are the ones that went up the most after that But what I did was the way I worked is that by the way on August the 25th that day George Lindsey who was a Call he did three peaks in the domed house. He'd been on Louis Rue Kaiser a lot He had also been predicting the stock market was going to to get ready to have a crash He died on that day. He died on the high of August the 25th of 1987 So anyway, this is where we stand. I want to show you some of these now as we walk through these because I think this was important If you'll remember back here get back here I want to get to One at a time so I can walk through slowly To understand where we are and where we're going to be going and I think I can do that this way right here All right, this is when I've been working for Tfnn for a couple years here. I started in 07 Back in this area right in here. I met tom who guard over in here And the market had come down into this and I just started writing the letter For them and I said this is going to be The biggest rally we've had in 70 years that goes back to 1938 folks And so anyway, what we're going to see here We had a three drive to a bottom pattern And this was the bradley model getting ready to turn on march the 5th through march the 9th And then it would be going up for quite a while. That's that's all I was talking about I've spoken many times here with our guest chainsmoyne who'll be a guest tomorrow about how these What they call stelliums or all these planets line up together and that's something that we're looking at now if you remember Let's get back here about It's been several months ago. Believe it or not But we were right here on the lunar eclipse on the 27th and we had mercury going retrograde right there There was the bradley model the bradley model folks picks timing dates. It doesn't tell you volatility It doesn't tell you that it's going to go up that much It did this time, but it doesn't always do that, but we made the bottom down here. That was a triple abcd Pretty much a no-brainer and we had a little bit of a pullback here Into december and then boom the rocket ship that we're into now And we're really really close in fact are really close I wanted to bring to your attention how close we really are So here's where we are folks as you can see we're in this zone right near starting here the 10th Which is today when we have the uh, we have a new moon. I believe yes, and uh So we're going to see whether this turns here in the next couple of days What's important about this folks is now this shows a lot of volatility there down side that may or may not be true It's good for timing But sometimes it'll just chop around and sometimes it just doesn't work But when you stop and think that they could do this 300 years before This ever happened and this is what happened. You gotta say well, maybe there's something to this And that's that's what i'm trying to bring to your attention now because we're up at this level We've got we've already been through this stuff with the dow Jones and where it is and how it got here and all that stuff And now we're looking at this thing right here. So that's what i'm paying attention to I watched that cycle show Last night with larry williams and the other fellow from uh, denmark I think his worry was from and I understood what larry was talking about But again, he was saying that you know, no one knows for sure what's going to happen next And so that's what you got to realize is focus on your risk And this is where you got to be playing the game right here right now That's that's what i'm watching. So we'll see what happens here Over the next part of what we're looking at And then we're going to go from here I didn't do every year of the uh bradley model because the reason for that is I didn't keep them over all those years All I did do was I watched to see you know, what they were going to do when they were supposed to be doing it And I know that it has a high degree of working But when you've got patterns that line up at the same time that the bradley model is lining up Like we have now Here is the dow Jones. Okay. Look, there's where we were. This is just back on the 28th of december That was just 10 days ago. We haven't taken that high out. We still might And maybe this breaks out to the upside and You know, who knows but boy the fact that we went up to those exact numbers You have to pay close attention to that. That's very important If you pay attention to this number right here at the bottom You have to pay attention with this bottom at this this period up here at the top That's my opinion. Look at what happened in january of 22 You had a beautiful three drives. You had three two three drives one two three one two three And then you had the big move down to down move from 3,600 The 28 60. Okay. That was a big three eight two right there in october We highlighted that quite a bit Then we had the pullback here and all i'm doing is when i'm watching these folks i'm matching the patterns To what i'm seeing to try to find a place to enter where you don't have to risk You know an arm and a leg and that's the main thing that we're going to be looking at. Okay Now I wanted to talk just a second. Let me get back up here So we'll take a look at what some of these charts are because we have a We if you're oh good, we just made our price objective here for the day in the In the s and p it's 48 11. There's your abcd pattern right up there So that should be the high of the day. Now, you see we've made a new high There's big divergence here. You see in the the uh Dow Jones, we did not make a new high. We did make a small garlic just now, but uh That's neither here nor there put it up here. See we went right up to it So i'm just giving it to you on the short term and trying to feed you a little bit information on the long term That's all i'm trying to do okay now Go to stop here and go to the weekly and then I want to discuss something. Okay There was a man Back in the 1930s. His name was robert roger bapston. I'm going to cover that when you come up. This is a really interesting story I followed this man for a long time And uh, he left a legacy that it's pretty much unparalleled. So we're going to talk about roger bapston When we get back To the next segment here. Okay, stay tuned Steve rode 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 rode's 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 ready to take your trading to the next level? Introducing tom obryan's award-winning newsletter market insights your key to successful active trading tom obryan Renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted Stay ahead of the game with tom's real-time analysis and trade recommendations delivered straight to your inbox Whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence Ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results market insights comes with a 30 day money back guarantee For all new subscribers, so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game Head over to tfnn.com right now to join thousands of traders Who have already experienced the power of tom obryan's award-winning newsletter market insights firsthand tfnn educating investors tfnn has just launched their new trading room the tiger's den Hosted at discord tfnn has been educating traders for more than 20 years with live programming Hosted by a variety of professional traders during market hours and now they are expanding their reach with the tiger's den Available to all tigers and tiger's for just one dollar for the year There's no catch or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom obryan and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members Exchanging ideas interact with other tigers and tigers as they share trading ideas News analysis and discuss the market action all trading day even at night and on the weekends The tiger's den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Call now toll free at 1-877-927-6648 internationally at 727-873-7618 Okay, folks. I'm going to talk about roger babson. He was born in 1875. He died in 1967 He predicted the stock market was going to crash in 1929. He was a little early. He thought it was going to be july In fact, they made fun of him in the financial press and He didn't really take it very well. And so he really didn't do very much. He founded the bapston institute, which is a non-profit organization for Understanding research and it's still active today. He founded three colleges babson college Weber college and another one. There were three of them that are still operating today liberal arts schools Um, he lived to be 91. He was a huge fan of albert, uh, albert einstein Isaac newton and he was such a fan that he bought isaac newton's personal bed At an auction and he had it for many years there in wellesley massachusetts where he lived and where babson college was and uh, I had heard that this bed had a Headboard that was scrolled in with the uh was some kind of spiral So I had a friend of mine go over there and try to do it and it was there and it had spirals But the organization would not allow any cameras. Uh, later on the bed was sold back to the uh, a state of Isaac newton taking it back to worchester england, uh Where it sets today they have beds now that are made now that have these spirals on it And they are the fibonacci spirals the main thing about babson, which you have to realize He actually ran for presidency against franklin delin or roosevelt and wendell wilkie. He finished third And he was on an independent ticket and he never ran for office again after that And he just did his thing and he was an investor and speculator kept a very low key Very little about him part of any of his papers were impossible to find. I searched for years I couldn't do it, but he was very good at what he did and he did a good job at it So I just wanted to bring that to your attention now I mentioned wendell wilkie and when we talk about timing folks Wendell wilkie was running for the office of president of the united states against f dr And roger babson He has without a doubt the very best timing signal that has ever been produced in technical analysis or any other kind of analysis Okay take you back to the white house in december of 1941 it was actually december 7th, and it was a breakfast meeting at the white house And wendell wilkie of course getting ready to run for president said we are not going to go to war with japan in 30 days 30 years or 300 years it will never happen That was at a breakfast meeting At the white house on december the 7th now stop and think there's an eight-hour time difference over to hawaii So by the time they're cleaning up the dishes We're at war with japan and war war two has started. So that's uh, that's what the kind of guy he was I'm not saying that the fact that that comes out of a book by uh, it's called the expert Speak by christopher surf and victor kevanski. I keep it on here because it's about 400 pages of everybody that has made predictions and how wrong they be I'm on the first 34 pages in bull type Not i'm not in the book at all, but anyway, they just shows you the offer different thing the president of ducca records Okay, turned down the Beatles. He said these floppy top guitar guys are history. Hello operator You know, there's just so many of them that were there that uh, just uh, Absolutely incredible to uh, read them and you just wouldn't believe Uh computers will never be any good except for technical people in manufacture. They'll never be used by the home I mean that was a guy that was running uh computer sciences. I believe him It's just really amazing some of the predictions people have made Including myself only i'm not in the book, but we're wrong all a lot So all i'm saying is be really careful where we are right now folks because we're in a zone Where things could get really nasty now. I've said before It's not going to be really apparent to most people until we get to this level here in the s and p I want to get this up here to show you where we should be now I'm just going to go to the weekly so we can see it pretty quickly Okay, now there's the low that we had in october. Okay, there's october low and every there's the abcd's, okay Now if we go more than 78 percent of that, okay, which is right here So when we start getting below 4300 that's 300 handles From where we are right now folks. So if we start getting below here Get ready to make sure your portfolios don't take too much damage because this is going to be Really interesting the key spot of course to see if there's going to be really good support from my perspective is right here At the 382 that's basically 45 74 Now what I will do is when it breaks should it get below folks. I'm already short I told the folks today. This is the probably the place you ought to do it And I've just said get in there and get short I didn't even give a price as anything above 4800 to me was a gift And I gave a big wide berth as a stop. I mean larry Williams uses a 50 point stop I didn't use that I I used a 30 point stop, but I believe I think that's probably what we're going to be watching here is how it gets through this number right here remember This is a weekly. So it's going to take a while for this to happen. Remember the low this week has been 47 13 We had a pretty big break We had a pretty good break this week. There's the break right there Let's move it over a little bit to see that was not a small break Look at that. We came all the way down there to all the way down there And now we're coming right back up and we're almost at the 78 percent level I think we're within a heartbeat. Oh by golly. That's what happened. It hit it on the number Shut the front door 41 48 12. What was the high? 48 13 that's not so bad. So anyway, that's what I'm looking for here folks I'm looking for something that's going to be pretty pretty pretty nasty All right now. I've got a couple of things that we got to cover the second part of this show that I got from Larry show that I think that he's looking at it. So I'm certainly going to be watching too But here is the treasury bonds that we just missed getting filled here today If we're trying to get filled right here We missed it hasn't really done it yet But keep your order in there because I still think we could I still think we could pop up and get to that level here in the treasury bonds The other one was we had been long hogs and I told the folks I think you probably should get short hogs Let's just get it up here. Let's do the first. We'll do the daily. Okay, because that's where we came Okay, there's the daily there was our 61 retracement yesterday. Okay, that was also exactly 50 percent that make this a 135 we bought them down here. We sold them by said to get out of them So you had a good chance if nothing else you're unchanged right now on the day So make sure you're out of the out of the hogs. I would personally Be looking to be short these because all we've done so far We've come down. We've rallied up into the zone here But I still think this is an area where you want to be selling hogs with a buy stop About this level right here now. Larry Williams talked about soybeans I don't have much time here on this segment And I've got some questions to answer from some of our friends in new jersey and also dubai And I'll answer those when we come back from the break, which will be here post taste I believe we got a minute to go. Let's go one of the things I'll be talking about By the way, our guests tomorrow will be shane's mullion wolf trader.com And that's pretty much our end of the guests for this week Up sorry rich Anderson will be our guest on friday because we have a big rain green report And I think we're getting ready for a pretty good move here in the grain markets And I'm going to be watching july soybeans because that's been my favorite over the 50 60 years I've been doing this but we'll be talking about that when we get right back 877-927-6648 The gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market the us futures market and the shanghai gold exchange The gold report Tom o'brien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30-day money back guarantee so you have nothing to risk subscribe to tom o'brien's gold report newsletter now at tfnn.com 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 4x report Teddy keg stat breaks down the 4x markets every monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly tiger 4x 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 4x markets tremendously when you sign up for the tiger 4x report You also gain instant access to teddy's 60 minute webinar archive. He just hosted 4x strategies and fundamentals What is behind the tiger 4x report for all the details and to start your 30-day tiger 4x report subscription today Visit the front page of tfnn.com 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 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv. That's tfnn.com and hit watch tiger tv Okay, folks. This is july soybeans. These have not even been planted yet folks They're still on the intentions list. These farmers thinking about what they want to be doing They'll have those planted by late march Early april of course and then the growing season starts, but if you'll remember back here in 21 We were making a bottom down here about 980 We went from 980 to $14 over the next year and a half That's a $30,000 move that we backed off and we went up and said that's what larry was talking about is that the fundamentals Which I had no idea that even looked at Says that that looks like they could be good for the soybeans for this year That I don't know all I'm going to be doing is looking at the technical picture and we've got a big report Coming up here and that's going to tell us where we are right now As you remember back in 21 after this bottom was made we did make a beautiful bottom here Right around the 4th of july Actually, it was june 9th We made the bottom right exactly the 61 percent retracement and then the market went up and made this massive quadruple top up Well hit one two three four five six times Saying there was some resistance and now we've dropped $2 a bushel pretty much from 14 to 12 and we're Setting right at the 61 percent retracement right here on the july beans the march beans are already below That level so what we're going to be deciding is with this report coming out We want to decide where we would be a buyer of the july soybeans here And remember they haven't even begun. This is a figment of everybody's imagination here folks And if you like abcds, I just spotted one here Look, there's your ab leg right here. There's your cd leg right there and look where the high came in at 1420 and the high was 1421 that's not too bad. Now. Here's where we are So the first thing you want to do is you got a double bottom in here So you want to see what the expansion numbers are going to be on the double bottom? And as you can see we are headed down. We're already going through the 127 So there's our logical choice right here. That's for me now. That's down 30 cents Now that's going to be a lot. Okay, so but this is where the game is played So I like this number right here. I like both of these numbers the difference is 9 11 cents between the two So i'm going to be putting them in right here 161 8. Okay, that's going to be the uh expansion of this move right here And if this is also the 78 percent level is going to come in right there Okay, so I have to decide which of these two i'm going to take Mathematics proceeds geometry as newtons has hindstein said this is mathematics. This is geometry And so what the reason why is just to pull back is all it is it actually is mathematics too But here's what we're watching. I'm thinking of here 12 25. That's down 30 cents from where we are right now That means we have trading for thursday and also for friday, but i'm going to be buying At 12 26 and I got to be a farmer folks So this farmer is going to have to risk about 30 cents to start this farm. It's going to be $1,500 risk You can't risk 10 15 cents on these because they're going to be pretty wild So your stop is going to be half for just a little bow $11 I guess right down in here Little excuse me a little below $12 your stop would be Right down in this zone right here, but that could be a really interesting one Not as interesting as the one we're looking at in the stock market right now, but it could be an interesting one So let's play close attention to that speaking of stock Let's get this other stuff here. Hold on a second. I've got to get some of these out because I've got so much to cover I'll talk to the gold in just a minute. So let's bear with me for a second Here is our soybean oil now. We've got a major. We remember let's get the daily soybean up here If you like the daily this will probably be the leader of the pack on the way up There was our number right there. We bought it at 46 60 It's now up a little over a thousand bucks. So I would say you're up three days. You got a report coming in I don't like going into reports. So I would take profits here and look to buy it on a pullback So if you're going to buy it on a pullback and you're in the oil and you want to buy it So all you're going to do now. Let's go to the 60 minute And uh, you'll see there's the run that we had gee We've had a pretty good run here with no three eight twos. I believe Didn't have any there didn't have any there So the first three eight two would come in if this is the high. I don't know if it is or not Now that's nothing that's down 60. So here's where you want to be looking at it probably uh from a buying stamp Oh, this is a place to buy it. Hello operator. Pay attention larry. They're trying to tell you something here There's your left shoulder right over here Okay, here comes your right shoulder right here Alrighty, all right. So there's your left shoulder. There's your right shoulder Your report's coming in here on uh, friday the uh, 12th, I think right the 12th That's going to be right about there That's going to be pretty close to the cycle stuff. Let's just eyeball it just for the kicks and giggles There's the first cycle Go up to the second cycle. There it is. It's going to be close So as long as we can stay here's the ideal spot right here at 47 25 That's down a point from where we are right now is to buy that Buy that rebuy that soybean oil at 47 25 Put a stop below this one right here. That's 46 25 you've made really good money on this here So you've got some capital to work with so this is a head and shoulders pattern on this So by the time it gets here remember it's a couple days out. That's what you'd want to be watching So let's uh, let's watch that one very very important. I haven't done the wheat yet. The fact is since we're Between us girls right here. Let's get up here. I've got too much to cover I'll do the wheat last. Okay. Let's get back up here To the gold market next because this is the one that we were looking at Last night in the middle of the night. Unfortunately it happened about two in the morning Our time but you'll notice this is what we're going through right now We had a rally here. There was your 382 level right in here We never went above the 50% on this move right here And I was suggesting to the folks that this is most this is not gonna We missed this this missed it by three bucks. So we we could get rid of that Now what we're gonna do is go to the 60 minute so we can see it a little clearer And you'll be able to see where we are. Okay. Here's get this out of the way See we're coming down. We're almost ready to break through to the downside Of this level right here. You see we hit it one two three four times and now we're getting ready to test it again at 2024 Okay Now we know that we have an abcd coming in right about that time. So we're gonna find out Whether it's just going to kiss that line and go lower. Oh 26 It's already hit this just just hit it right now. It's trading at 26 70 so it's made that But this is where I think we're headed is down to this level right here Which is which is the larger abcd. We got to go to the four hour on that just to get it I hope this is answering jeff's question his question. I'll cover it When we come back from the break on how do I go back from looking at different things? And this is how I do I want to if I don't see what I see on the 60 minute I want to see if there's a a bigger picture on the four hour and there it is See here. I'm only looking at this now. I'm looking at uh, you know, three and a half weeks So there's your big abcd to downside 202 200 so right in this area is where you're making multiple abcd. So you want to be a buyer goal there In fact, it's not too not too shabby to be short getting into this thing right here So that's it if you look at this on a, you know, micro short basis You'll see that all we did today get this up here. I watched it here tonight last night. There it was you made the 382 retracement up here. This was about four in the morning Tucson time and then we came down we broke really hard Let's be right back take a break. Don't go away or to follow You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices Get the opening call newsletter by basal 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 Are you ready to take your trading to the next level introducing tom o'brien's award-winning newsletter market insights your key to successful Active trading tom o'brien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted Stay ahead of the game with tom's real time analysis and trade recommendations delivered straight to your inbox Whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence Ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results Market insights comes with a 30 day money back guarantee for all new subscribers So you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com Right now to join the thousands of traders who have already experienced the power of tom o'brien's award-winning newsletter market insights firsthand 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 smp biotech three times bull and bear etfs Visit direction investments.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 Concluding 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 and tsx under the symbol vgz Okay, folks. I believe we have a big cpi number coming out on friday That's going to probably you know get these uh things to be those to those areas where we think they're going to go Like gold and maybe treasury bonds and maybe stocks are going to go up forever possible Anyway, here's where we are with the crude oil today. This is just a three-minute chart looking at it overnight And there's where we were we dropped two dollars Uh barrel now there's your 382 last night Remember this took several hours to about an hour and a half to form Actually one hour to form but it was right at the 382. It's dropped, uh, you know quite a bit So that's what we know is that if that's the case we'll be looking at an abcd pattern Coming down to this level right here Okay, some people have asked me, you know several people's why don't I get on these shows? For the foundations for the study of cycles and folks. I I only have one trick pony That's what I have and I did you know, it's we're very boring to most people when I was in We went to Los Angeles in 88 and I was you know presenting my book that had been the technical book of the year And uh, and was amazon bestseller was doing really well And uh, but I told the folks that you know, everybody said this was the end of the stock market You know look for a bear market rally and I peter leides was there So was stan harley and we pointed out look that low in the stock market on october the 19th and 20th of 1987 Remember that was just a year of got year or so Less than a year because it was august august august and so that's where it was That was an exact sixth. I'm going to show it to you because I was going to do that anyway So I might as well Get up and take a quick look at it. And I think this is it right here. Yeah Nope, that's the longer. This is the one about the I'm going to cover that too But I want to do this is the one I want to cover That's the wrong one too This one right here. This is it. Okay. This is the stock market folks going back into the 30s. Okay This is the 29 top That was uh, september the third or 1929 the dow gave up 93 percent of its value went from 383 down to 41 In a 1932 three year bear market And then it was the best buying opportunity in the in the history of the world Because it went from there to 38 30 or 40 000 whatever it was But here is the keys that I want to point out to you right here here was the big Bottom right here in the stock market. This was the double bottom. It was october and december of 1974 This is the same type of thing that we're looking at right now only upside down This is a double stellium thing that happened on october of 74 and then december of 75 Which was just a slightly bit higher. Okay All right, this was the crash of 87 right here. All right This was a three a 61 percent retracement from the dow. Okay, and there's what happened There was a the coven thing that ended right here 2018 so all I done is every time I've had these mates look at this three drive to top here This was in january of 68 It went from 68 all the way down into 74 a nine year bear market gave up 40 percent of its value Okay, and this is when I Got wiped out and then I learned a little bit and still learning So that's what we're paying attention to here With that. So I'm just showing you that I'll be keeping it updated because when I'm wrong I'm going to be the first to believe it. I did find this. This is isik newton's tombstone and he's buried in Uh-oh We have a mine warp here the place right there In the middle of the parliament there. I can't remember it's this is isik newton. He was 75 years old He said for every action, there is an equal and opposite reaction. I think he's right just about Uh on that stuff. So we'll see what happens regarding that folks if you remember Einstein they asked him who was Ask him who were the smartest people and he said Pythagoras was by far the smartest human ever to walk The earth he said there was god and there was man And in between was Pythagoras and he said then there was Galileo He said isik newton Who was the third fourth one? I can't remember the fourth one and then uh, then he said of course myself He was number five. Anyway, that's uh, he had not much humility But uh newton did but not so much with that by the way I don't I was when I was going through to do some research on this Did you know that isik newt he worked 18 hours a day seven days a week? He was never married. He was celibate just like he was a priest. He never consummated 20 Hours a day remember this 20 hours a day is what leonardy da Vinci He worked 20 hours a day seven days a week for his whole life And when he left he left a message saying my life has been in vain. I've discovered nothing I've done nothing. I've contributed nothing And so I put a bid in on the 14 paintings that he did for nothing But I haven't heard back from any of the people that have paid the And I had 11 trillion dollars or whatever happens to me. Anyway, these fellas were pretty pretty amazing Edison never had a bed. He slept he worked uh, 18 hours a day and he didn't sleep in a bed He slept in a chair So, you know, this is people that you know, they really consume by some of this stuff So this ain't me. I don't sleep much but not like that. I mean, that's just out of the world Let's get up here Take a quick look at a couple other things that people have asked me about here today One of the I think I've come oh one of the question Jeff asks is how do I go about and determining, you know, which which uh status I want to look at first So I'm looking at a three minute here and I can see that just for one day But the next thing I when I start out I go to a four hour. Okay. There's a four hour chart For the crude oil. All right, so I know this is no longer valid because we went lower than this point right here So now we've come down and we broke now the high that we had here today was setting right at Guess what boys and girls right at the 78 level went a little bit above it And all it's done is it comes down and it's making another bottom just just like it did here Made another bottom to this level right there. There's your 78 level coming in here just a little below 71 even okay, so it's got to hold that because if it doesn't hold that then we're moving to the downside So I go to a 40 minute enough. I want to see something a little clear I'll go to 60 minute, but that pretty much tells me what I want to see anyway because There's the let's just draw the 78 percent level in right This is actually drawing wrong because it made a higher high here. So you have to you have to redraw that and uh So there's where your 78 percent level comes in right here It's going to be important to really watch for several reasons. It's also going to be an expansion there At the old uh 1.618. So there's the zone if we get below this We're going to be looking at a pretty big break in the oil You know down into this level right here and making a double bottom maybe back into uh, january the third So that's what I'm really trying to do um Jeff asked do I have a uh Do I do do specific of random? Do I select certain things like some days I'll send videos out on grain sometimes crude oil Usually always on the s and p in bonds and gold But not not really, but if I see a pattern and especially someone sends me a pattern on the futures Then I'll do that another question that someone asks is why don't I trade stocks? Very simple folks If you trade stocks, you got to do two things. You got to worry about dividends if you're short Second thing is the charging you interest rate on your margin debt, which is uh 50 percent you got to put up 50 percent opposed to 10 or 20 percent in futures Okay, the liquidity is instantaneous in the futures much much easier Okay, you don't have to worry about reports as often. So those are the reasons. I hope that answers Wow into the day is coming fast boys and girls. Let's keep those cards and letters coming in 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 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 you ready to take your trading to the next level? Introducing tom obryan's award-winning newsletter market insights your key to successful active trading tom obryan Renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted Stay ahead of the game with tom's real-time analysis and trade recommendations delivered straight to your inbox Whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence Ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results Market insights comes with a 30-day money back guarantee for all new subscribers So you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn dot com right now to join the thousands of traders who have already experienced the power of tom obryan's award-winning newsletter market insights firsthand tfnn educating investors tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The tiger's den available to all tigers and tygruses for just one dollar for the year There's 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 We got a guest speaker coming in mr. Mike. How are you doing today? Hey larry, how you doing buddy? Long time listening a second time parlor Well, you've won the prize my friend. What can I help you with? Listen, I've been in wheat where I don't even know how long i'm in the tech room wheat w e a t fund I was just uh, I didn't catch you. I august saw What are you thinking as far as you know? I'm in no rush because I've been in there for so long. So any chance of anything going up? Oh, yes, I I'm very bullish the grains, uh Especially wheat and especially soybeans and especially corn I think so yes, we have to get through this report here on friday, which i'm expecting it to be a bearish report It's what i'm anticipating which i'd like to see and then i want to see how the market reacts to it But uh, actually for the first time in a long time. There's some pretty High-powered people are looking at the long side of the grain and soybean oil markets. So Yes, I am friendly to those Let me ask you larry. I haven't bought you. Uh, what's your uh, what's your thoughts on the near term in the stock market? Are you bearish? No, no, i'm not bearish. I'm real bearish. I'm grizzly bear kodak bearish Okay, all right. That's what I want you to know, buddy. Thank you I'm always Mike I got to remember now. I'm i'm always I always have an opinion, but i'm never in doubt. Okay So I I could be wrong if we close if we close higher the day after Martin Luther king holiday if we close higher above 48 40 in the uh, s&p. I will have to reneg my uh A cycle subscription and also turn in all my chart rules because I will have to admit that I'm wrong But it's got to close up there and then I don't think it'll do it, but we'll see All right larry. Thank you for your help. I appreciate it very much I appreciate your support Mike. I can't get there folks and we'll be back tomorrow with shaman wolf trader We'll be back tomorrow. May god bless