 Come educating investors, 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 our guest today is Peter Eliides of stock market cycles Peter are you on the line I am can you hear me you're coming in just absolutely perfectly and I've got your first chart up and it looks like you're looking for a potential high in here you want to tell the folks what you're looking at yeah this is a cycle projection chart this is kind of the the basis of my life in the stock market and has been for several decades now Larry this chart this is something that I worked on for a long time at the the theory behind this we should always give attribution comes from j.m. Hurst who wrote a book several decades ago probably in the late 1960s called the profit magic of stock transaction timing and that that's the book that started me off in the stock market I don't know if I told you this story before but I saw the book on a friend's coffee table and I said can I borrow that book and he said yeah sure which is always a big mistake lending out of book because I said in my bookshelf so but I read it and I was fascinated by it and the thing that appealed to me most of all in the book was there's a paragraph or two in there talking about news and the market and saying that news really has absolutely nothing to do with timing the stock market and I think those of us that work technically kind of always felt that intuitively I certainly felt that intuitively and when I saw that I said this is going to be very interesting so I worked on that book and from that point on little by little became fascinated by it Hurst initially started out with moving averages and and crossings of moving averages and half span moving averages but then his work advanced into these offsets one of which you're looking at now if that's chart number one yes one second I'm quickly gonna bring up my chart number one here so I'm identifying what we're looking at okay is he a bunch of numbers on there right yep so do all our do all the viewers have access to this people that hear me now can they yes they're it's it's live and they're able to see it so we're in good shape okay so this is a weekly chart of the S&P 500 cash index and there is the bottom down at 36 36 87 in the middle of June and this offset that red line that's moving forward in time is simply an offset of the weekly median price mid price the midpoint of every bar so the blue line represents joining the midpoints of all the bars if you take that line the blue line that joins the middle point of every weekly bar and move it forward 10 weeks you're going to get a projection for a nominal 20 week cycle so the offset is one half time span of the cycle itself and as you can see there I've put in some numbers significant numbers and I'll tell you what they are what we're looking at is the bottom 36 36 87 if you notice where the blue line crosses above the red offset line I have a little light green horizontal line there to mark the exact crossing it took place at 39 61 83 that's 324.96 points that's also there on the right written down above the law of 36 36 87 so what the cycle theory tells us for this nominal 20 week projection 10 week offset is that that should be the halfway point of this particular projection if it is the halfway point then the projection is going to call for 42 86.79 you see that line represented above with a red horizontal line that is the projection for the nominal 20 week cycle okay now we're not requiring perfection here Hearst did not require perfection so what he did was he took plus or minus 10 percent of the projected level so you asked plus or minus 10 percent of what well it's 10 percent of the projected high to the original low so if you take the distance between that 42 86.79 and the 36 36.87 and that would give you the complete projected move and then you take 10 percent of that so you add 10 percent to the 42 86 79 and you subtract 10 percent and that gives you the projection window and that's the shaded window we're looking at this with a solid red line going across okay so the projection calls for 42 86 79 plus or minus 10 which is 42 21 96 the 43 50 197 as you and I are speaking the high on the s and p is 42 57.91 so we can see we're really close to that projected high okay so the next question when we're doing cycle projections we usually work in sequences and we say okay we know we have this projection to between 42 22 and 43 52 rounded off what if we get up there what if we get to the high end of the projection will it be possible to get even higher projections that's a very important question now because we want to know coming into this projection window whether this should be a relatively important high or just a high on the way to further projections to the upside the way we determine that is we go to the next longer offset which is a 20 week projection are you able to bring that up yes I can the second one I certainly can I've got it ready right here just one second here um I had a couple questions here when we're when you're finished with your presentation here because I think the folks would like to like to hear some of this stuff hold on one second and we'll get it up here takes me a little while here we come we're ready to go and there it is everybody has it now okay so you can still see that shaded gray area with and the numbers with the projection right okay if you if you look at that chart you can see that over the next one two three four weeks we can get up to the higher end of the projection window and not cross the red offset line which is the one that would generate even higher projections were we to cross that line now sometime in the next four to six weeks we would get projections to new all time highs is that possible well if we can stay up here for three or four weeks going on to five weeks even maybe even come down and come back up again but the important thing is that you cross the midpoint that represents the blue lines cross above the red line in this 20 week offset normal 40 week projection I would contend but that's not going to happen in a time of booming inflation we are purchasing powers eroded there's no better place to protect your harder and money than a gold this the gold flagship asset is the monk cod gold project in northern territory of australia this is australia's largest unveloped gold project we are talking a world-class gold project in a tier one mining district this is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction this the gold just completed the mount tod feasibility study which resulted in a seven million ounce gold reserve in a 16 year mine life all of this combined with the approvals of all major operational as well as environmental permits this this thing which is mount tod is an attractive dearest party ready development stage gold project this the gold trades on the new york stock exchange under the symbol vgz steve road 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 roads is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter mastering probability and you'll receive access to seven of steve's educational webinars absolutely free at tfnn all our newsletters come with a 30-day money back guarantee so you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors are you looking for a way to consistently add winning trades to your portfolio tom obrien is here to help tom obrien has been successfully trading markets for over 30 years a frequent contributor to td ameritrade network and cnbc tom obrien founded tfnn over 20 years ago to help educate investors just like you tom's daily market newsletter market insights is published every morning when the market's open to give you the competitive informational edge you need to succeed these newsletters are packed full of tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get tom obrien'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 internationally at 727-873-7618 folks were speaking with peter leide stock market cycles the first question for you peter is what will be your trigger to go short do you wait for a down close or do you sell at the top end of the channel that was the question well if we get to the top end of the channel then i would be i would say that you're relatively safe in shorting and of course as always you want to maintain a reasonable stop out but i would say if you get to the top end of the channel that a pretty close stop would be warranted because you're in pretty safe territory in terms of selling short let me say also that i do these same projections larry on a daily chart and the daily chart actually allows for a higher price on the s&p for this same projection i use offsets for those that might be interested of 48.4 and 55.3 market days those to me would be the equivalent of a 10 week offset and if we do that then the range of projections is 40 to 27 to 44 88 so there is about 100 or 130 point higher potential projection so in answer in response to your question though one of the ways to do it was wait for the higher end of the range because you're the higher up the closer you get to that higher end i think the safer a short sale would be but obviously if we don't reach the higher end and now that we are in the projection window we want to be watching for some kind of trigger one of the triggers that i use on a very short-term basis that i think is a great delineator of short-term trend in the market is an exponential 10 day moving average so if you threw an exponential 10 day on the s&p and i would say that that an indication that once we get into especially if we get up to that full number of 42 87 42 86 and change any move below the exponential 10 day would be a great trigger for short sale and that way you won't have to wait too long to get that signal either okay that's good we have another question for one of our listeners in utah and he's asking why on your chart you don't show any oscillators or indicators of any kind because i'm not interested in oscillators of any kind you know this to me this is the answer this is the answer to the market now i'm not telling you that i don't look at other indicators that i don't look at momentum indicators other things that might give me confidence in terms of my projections but if you stranded me on a desert island with the the the choice of only having one tool in the stock market this would be the tool how many times do those that use oscillators momentum indicators or there's be something like the mac d or the rsi you say oh girl look at this we got a great divergence here well good luck two weeks later the markets continued up for another couple hundred s&p points and it didn't work out that time now i'm not claiming that these projections are 100 percent accurate in fact as part of the software that we use larry we have a way to determine the effectiveness of the projections over what period of time so this particular offset i haven't done it now and i'm wondering if i can do it quickly now if i take a look at this is your custom built software peter yes it is it is indeed yes it's the custom built software and let me take a look at the beautiful part about this as you can say show statistics and when i look at the statistics for this offset it's 77 percent rounded off in other words for the last 19 years since may of 2003 59 out of 77 projections have been met and it breaks it down both into upsides and downsides the upsides were 71 percent the downsides were 82 percent so it's just a fabulous tool because you know sometimes you'll you'll get a projection and you look at the statistics and it might say something pretty low like in the 50s if you very seldom will get a reading lower than 50 percent but 50 percent is that you know that's a flip the coin thing i think whether you're going to meet the projection sure is we look we look for we look for readings around two out of three so that'd be 67 68 percent or higher and the higher they are the better off you are in terms of your probability so this one is a really good one 76.6 percent of the times and this goes back uh almost 20 years now yeah 2003 you know the last time you were on you're saying we were this was in june and you were saying we were looking at a pretty tradable bottom and well we've certainly gotten that over the last six weeks we've had a pretty good those up that looked out great i because i happen i happen to have done a uh an interview with neil cabuto of foxhub news on the exact day of the low and i was calling for a low there and so it was it was pretty exciting if you guys want to watch that if they go to youtube and just look up eliotes and and uh i guess i think cabuto they'll be able to watch that interview there i did the exact day of the low well you were really close i think we were within a day or two when you were on and you said it would be bottoming around that time and it certainly did i have a question for you um from my perspective did you ever get involved with ray for shat and the cycletech folks uh that were helping trying to get uh you know the cycle stuff moving for uh hurst did you ever get involved with that never did get involved with them and i never met ray i was well aware of his name but uh the work that they started to do is the work that got me interested in these offsets because before that before that uh hurst was simply doing the moving average work and and uh you know it's interesting hurst hurst had an interesting reputation i don't know if we've talked about it before larry but a lot of people thought he was a little cuckoo and he was eccentric yeah there was a little bit that he had gone he had been committed to a mental institution no no he moved to grass valley the fishing is what he did he was my account he i had i had his account it directs over in them did you really yeah yeah i was the one that you know got he and ed dobson together so they could put that uh six hour video program that uh that worked out really well showing the cycle stuff and offsets and things like that but you know he was eccentric but you know he basically he worked at us and he did very little trading but uh he loved fishing and he moved to grass city and uh yeah grass valley and the vat of city up there in the in the mountains and another one of my accounts was there clint walker and they became friends and they'd fish together they love fishing but he was he was just eccentric he wasn't nuts did you have a meter personally yeah so sure yeah met him i met him i met him twice once in the directsal office and once in san francisco that was the only two times ever met him yeah ed dobson did tell me i think dobson uh did you write a book about him or he probably did i talked to ed just a few weeks ago you know because oh we got a break coming up but would you stay with us through the break peter if you could sure i got two or three more questions here but the the music hasn't started yet but um i talked to ed probably about two months ago because john hill who was my mentor is 97 now and he's in a nursing home and he he doesn't know anybody's name but ed said if you put a chart in front of him he said he can tell you exactly honest to god he said you can tell you exactly what's going on but he won't remember your name but uh he's still in pretty good health and he's walking every day and uh just in la la land say take a break here with the steve uh with the ceterlides if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every monday morning i publish the gold report with coverage of gold silver bonds the xAU hui gdx as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today tfnn is excited about our new software charting program the art of timing the trade charts in collaboration with tom obrien 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 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until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com okay we're back folks are speaking with peter leides the stock market psychos and peter we have a listener i believe it or not he's one of the old timers he's got two questions and that is one do you ever use uh moving averages oh yes i do yeah pretty much so i mean i don't you've got to be careful with them but they're great guidelines sure i mean that the popular popular ones in particular i use because i want to know what other people are looking at too yes right yeah i mean i've in fact i've been if the gentleman recalls i mentioned to you the one my one of my best short-term trend indicators as an exponential 10-day moving average so uh i i definitely use moving averages though yes okay the second question that the gentleman hey he's got two two really good questions here the second one was did you ever use displace moving average you know when you move it forward do you ever do those well that's exactly what we're looking at that's what these projections are all about now a lot of people use them but they don't know how to use them because they just use them i mean i've played with them in the past and instead of using real time moving averages people displace them and think that when you get above them or below them that's a buy or sell signal actually what it is if you place them correctly they give you projections as to where the market's going these offset lines that we're looking at are displaced moving averages mm-hmm yeah that they were i don't remember aim is hostile or use those at commodity corporation another question that he has it brought back a whole lot of memories for me that i used very because i love the her stuff too was the concept of the valid trend line did you ever do do a lot of work i know you probably did some work with trend lines but those valid trend lines to me were very very good and any comment on that well i think one of the concepts that the hurst used way way back in his original work perhaps even in his original book i don't remember is relates to the question that you asked me you said well you know we're in the projection window so what do we do now yeah when do we act on that and the way to act on that is it's not necessarily what you might define as a valid trend line but if you get inside the projection window then you can work some very short-term charts five minute fifteen minute hourly charts and and draw in what you would consider to be the best trend line meeting up to the top and wait for a break of that because once you start breaking trend lines after you've met projections that should be your trigger on the downside yeah i keep that book on my desk here i only got about 10 books that i keep on my desk and that prophet magic a strong transaction timing came out in nineteen seventy one is when it was first published by McGraw-Hill and so there you go yeah it's pretty good well those were the questions we had and i want to thank you for being with us today anything else you'd like to share with us anytime you have something really good like you always do you know please let me know would love to have you on because you know you got the perfect bottom the last time and i know you're not going to be perfect all the time but you do a lot of great work and people follow you and i think it's worth uh uh you are a big help to us this last five or six weeks and we certainly want to thank you for that oh that was my pleasure it's always great to talk to you and i've always had great respect for your work too now i just encourage people um obviously do a little self promotion people can see videos uh on youtube i haven't done one quite a while now i did one right within a few days at the bottom on youtube you sure did and then they're they're now waiting for me to do another and i'm what i'm waiting for what i'm waiting for is to be uh you know i'll be confident in terms of seeing a turning point because i think it's coming up the other thing is i want to let people know that they can go to my website stockmarketcycles.com and we're in we're in a little bit of a hassle now a trade station because they're stopping their support of third party applications and so uh i can't necessarily offer people the software which we generally do but i can offer them a daily video which is part of my business right now that interprets the software from day to day so if they go to the website and just go to a register they can actually get a 14 day free trial of of my daily videos uh Peter have you ever taken a look at trading view software well obviously yes i have but i i've never done anything with it i mean what i they ought to take a look at it's able to do a lot of stuff so i you know i'd have you take a look at that i i think it's got some and it's the number one you know charting package out there so it's pretty good yeah it's the number one it beats them all that's for sure that's fabulous as far as numbers i don't know anything about i i don't use that i use cqg and you know ensign is what i use but they they do some great stuff and it's easy to program from what i understand so listen i'm going to let you go but thank you so much and we'll have you on again really soon okay always good to talk to you you bet Peter thank you so much for being on peter lides folks stock market cycles i can hear the sound of uh the cheers that we have going on we've got the market right on the new high here well not quite on a new high we're very very close what we're going to do now is we got to cover a few things because this market really telegraphed it wanted to go higher today let me show you why folks you know how much i enjoy looking at that 382 retracement and it looked like that market was getting ready to fall out of bed yesterday well guess what the end of that mattress was right there at the 382 of the previous days low before we had that big move when the fed came in and made the announcement about the cpi whatever was but there was your exact 382 yesterday coming in spot on and now we're getting ready to make a new high now we know we're in the member stan harley was on as our guest yesterday and he said the window was the 11th and 12th of course this is friday in an up week in the summertime so the chances of the market closing lower today i think would be pretty bad but if we keep a very very close eye on this next one because you know and remember i'm i'm like peter i'm a technician i look at the bars if the bars tell me and i'm not talking about where you can buy roman coke and stuff like that i'm talking about these bars right here and there's the dow Jones you can see the high we made there in january okay there is your high we made in march on the solar eclipse and here we are coming in this is a perfect 135 pattern coming in here yesterday or today now it's stronger we're at the 50 percent retracement of this thing and if we close much stronger than this there's a chance that this is going to make a new high that i don't think it can but boy oh boy folks it doesn't count trade what you see not what you think that's the main thing but this is a 135 pattern and you know we're seeing divergences in certain things remember the the rustle was weak and then it became quite strong and all that's coming up and and forget the news the news follows a trend don't worry about the news it's going to be right there when you want to see it so pay attention these next couple of days i'll be watching them today and then also sunday night real closely on the videos but the fact that we made that 382 yesterday in the s&p said wow it looked like it had a chance to you know all it had to do was to close below 42 35 and it did and then what did it do right at the 382 it goes right back up again now if it had broken more than there'd be a chance but stopping exactly at that 382 you know you you got to expect you got to respect that boys and girls there's this where it here it is again just a perfect example of the same thing right before this is where i first knew i was wrong let me get this up here and believe me i'm wrong so i know i know what wrong means okay here is the chart just the other day of the s&p on the way up okay we had the big move look at the 382 pullback just exactly like we had last night about a big bout of boom we take a break 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 and stock prices get the opening call newsletter by basal chapman and your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information david whites investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shaped today's markets and tomorrow's future david white has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade david delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only thirty seven dollars and fifty cents sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk free today with our 30 day money back guarantee tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear etfs visit direction investments dot com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction chairs 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 eight six six four seven six seven five two three 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 and tsx under the symbol vgz okay folks i posted the chart of the gold showing that three drive to a top pattern up there at 1824 the only problem is folks we've only dropped about 30 bucks we got down to 1796 i believe and now we're back to 1815 you know this may pop through and go even higher but there was nothing there as far as a big correction after a three drive now we're so close to that top i'm assuming that it's going to be taken out either today or maybe monday so we have to watch out there's a lot of cycle stuff in the in the world as we know from uh shane's mullion this week and then also yesterday stan harley talked about the importance of where these cycles are and you know this is a weekend coming up in the summertime so this is where it happens you know it doesn't have to have a lot of volume up here to get these things moving but it is quiet but uh it's still going higher so it hasn't topped yet it'll tell you when it's top that's definitely it and if i'm correct both the gold and the stock market should start down uh on uh it probably sunday or monday now if we're up really strong on monday heaven knows where it's going to go i'm not sure but you know what nobody else is either now let's talk just a tiny bit about one of the stocks that we talked about yesterday i wanted to just get it up here so we can uh see it again which was disney because it had such a big move in it let's get a second here to get the thing up there i hope this is it no that's not it just give me one second oh what did i do did i lose it again uh shucks i can't find it anyway we talked is this it oh no got too much oh well let's get there no that's the dax i'm not going to worry about disney anyway we got up to remember the disney number that we were looking at was at 113 he went blasting through that and went all the way up to the 1.618 uh of those other numbers and that was telling us that it was at a real you know real critical level at that point too so that this is where we are folks we're we're setting on a day here friday in an up week the odds of it closing lower after a big move above the opening are very very slim but you got to watch it sunday or monday the only thing that would negate what we're looking at here as far as the targets that we're looking at remember in the newsletter we talked about the e-mini going to 43.69 this week so far the high has been 43.60 so we could hit 43.69 that's right in the wheelhouse of what peter talked about and my assumption is if we get up there i will be personally i'll be looking to sell the s&p at 43.70 and i will use a stop above 44.00 and if i'm wrong i'm going to get whacked for you know about 12 i don't see it but 1200 bucks but if i'm right it's going to be it's going to be payday city now there could be news coming out over the weekend i don't know about that i don't care about that doesn't mean anything to me at all remember when we came on the show this week the main thing that we were watching was the big bottom that was happening in the crude oil complex and we hit that one pretty much spot on at the exact number on the 61 percent retracement at 87.35 was the low we were predicting the low was 87.01 it went up and had a huge move and then a big pullback to the downside here again this is what it was trying to tell you much like what the s&p did if i can just find that one i'll be in good shape then this is not my good good quality here i got so many charts to show you that it makes it a little difficult to uh to to find the ones that i want because i can't mark them fast enough and i that's that's my fault that's not yours so let's get up here out anyway i can't find it so i'm not going to fight it do anything also the bonds uh continue to go lower they don't have any friends and they're going to get less and less friends and the bond market is you know basically associated with the uh nasdaq because they these are you know people you're going to borrow that money against that start these little companies or something so watch the nasdaq because it'll run pretty much what the bonds do when they do run together right now they're not but they could and that's the key is sometimes they work sometimes they don't that's it and guess what i found the crude oil let's get it up here just a second here did the same thing and you know if you like abcd and you'll hopeful put this up i did we do a video about this almost every night the target on that abcd was right up there and then actually 10 pips of the exact high just shy of 95 and so down it came and now we're still in the corrective mode we dropped about 1500 dollars and we're still correcting in that crude oil complex but that low that we made down here this is a really big 61 retracement folks and that goes back a long time and we rallied oh dear we rallied what nine percent oh ten percent in two days so that tells you maybe there is more life in this uh complex i know gasoline will probably start going up it was a dollar 60 under where we were three weeks ago and then i saw yesterday it already jumped 20 cents so they must be following the commodity exchanges also if you have any questions folks it's 877-927-6648 and uh one of the questions that someone asked is would i illustrate the concept of the valid trend line you know i think i could probably do that on the next chart just let me pull it up here and i can do one very very simply here in the gold market and i will show you what that means and there we go all right just one second and then we get back from the break i'll put i'll post it and then you can take a take a look at it so hold on one second i'll get this up this is a 15 minute chart on the gold all i'm going to do is to get it ready and this is what i did for many years it was follow these abcd and valentine lines and by golly they work let me get this up here and by the way i was not close friends with uh you know i only met uh jim herst a couple times but i may i introduced him to uh ed dobson and then because he was in that beveley hills area uh he opened an account with me he traded i think three things over a four year period but uh he was he was very quiet he was an engineer you know uh i never went to dinner with him or anything so all i i talked to him on the phone you know quite a few times but that was about it a nice love fishing you know oh boy you talk about anything if about fishing he would talk to you forever we got another break coming up i'll explain to this trend line we come up basically what you're looking at here it's just a 15 minute chart showing the abcd you when you see you draw the line like this as long as that line lands up against the fibonacci number it makes it a valid trend line in other words once it comes down here that means that the fact that it hit that 61 retracement means it's a valid trend line so the next correction would be equal to that so the valid trend line would bring you from here and then down to here and then up to there the next time i do a live trading thing which will probably be in near the end of september i do two a year so the one around the end of september i'll probably cover this it's a very good it's a very good way for entries it really is it's like everything else it's 900 get out of the 100 category that puppy done well it does exist but unfortunately all of my 100 uh classes have been sold out if you still have an interest give me a call and i've got two shares of the brooklyn bridge i could trade with you but anyway that's the main thing is to keeping this 8779276648 vista gold owns and operates the largest undeveloped gold project in australia the mount todd gold project vista gold just completed their feasibility study resulting in a seven million ounce gold reserve vista gold has all major permits approved and has retained cibc capital market assistance in evaluating alternatives and in completing an accreted transaction vista gold trades on the nysc american and tsx under the ticker symbol vgc vista gold executing a strategy to create shareholder value you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts 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traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv okay we're back folks and i posted a chart of the gold up here again and i put a chart of the treasury bonds right behind it folks if you're if you're having trouble with your trading try to get into a market that's trending strongly like to the downside like the you know the bonds were you know wait and sell that retracement uh 382 in this case at 146 618 comes in at 144 the 3 2 comes in at 141 and it's broken you know five bucks from the high this week with virtually no hate also keep an eye on the euro same thing the euro keeps making lower highs and it had a little bit of a breakout and where did it stop exactly at an abc d number i think i have that one that we talked about uh just a day or so ago let's get that one up so we can see it and i think we'll be just fine uh at least i hope it will hello operator uh no i didn't uh the euro one did it did it do it yes there it is hold on just a second i found it and we'll bring this up so you can see it here at times running out here we got the weekend starting up and get this up here and there you go you can see here we broke above it right up to this abc d you can see that little abc d swing right above the 382 stops at the 50 percent and then says goodbye and immediately drops you know 800 bucks those are the kind you want to be looking at very closely now remember next week uh we are going to have uh for sure 100 personnel with just like ivory soap it's 99.9 of mr uh norm winsky will be our guest uh coming on uh on the uh the 15th so that'll be a very interesting one uh to wow it says he's not on until the uh hmm i kind of mess up there i know he's on monday well i double check it anyway he will be on listen thanks for joining me today i remember i live every day in an attitude of gratitude may god bless and do something for your neighbors folks see you on the flip side tomorrow bye bye