 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, looking good. Billy Ray feeling good, Lewis. We start out with the German Dax. As you can see, it completed a nice little ABCD-Gartley pattern last night up there at that 11,000 and changed. Sold off a little bit. That's quite a bit for the Dax, but anyway, it moved in the right direction. Whether that's going to be continuing or not, of course we don't know. Now, we had a couple of questions today about some things. The first one was the treasury bond. Someone asked the question, let me get the chart up so we'll be able to take a quick look at it here. Just give me one second. I make sure I get the right chart. Oh, make sure I get the right chart. And where is the right chart? Oh, dear. I lost it again. Anyway, Bill Meridian will be my guest here at the break, hopefully. And we want to be chatting with him. This is it right here. Hold on, that's the Canadian dollar. It's doing the same thing. Ah, shucks. This is not good. I had this thing all ready to go. And here's what I want to talk about, folks. The treasury bonds and treasury notes have just completed a shooting star pattern candle. And if you'll go back here over this four-year period, you'll see there's not very many of them. But when they do occur, they lead to a pretty substantial break. Some of them are more substantial than others, but they're still tradable. So we just had one of those in both notes and bonds, accompanied by either a drop in open interest or no increase at all. And that's on a big move up. So that is usually not a bullish phenomenon. But I will be doing the newsletter and I'll be focusing on that particular pattern in the notes and the bonds as we go into next week. Here is another one that I wanted to show you the same, just to show you the pattern. This is the Canadian dollar versus the U.S. dollar. And if you take a look at it, you can see that we had a shooting star at the very high up there in late May. And look what we had two days ago. We had a beautiful right at the 61% retracement, ABCD, perfect. You know, it's dropped 150 pips from that level. So that tells you that shooting star pattern has worked. You don't see them very often. The opposite of the shooting star pattern is the hammer. In other words, a hammer pushes the market down and then it snaps back up. Okay, those are just a couple of things that I wanted to cover. The next question was about the treasury bonds themselves. The question was posed. What would happen if you had bought the bonds back in August of 1982 when they were near their lows at 54? That means an $100,000 bond was selling for $54,000. Well, that bond was yielding about 12% at that time because it was a 6% bond cut in half, so it was yielding about 12%. To compound it over a 30-some-year period, a 36-year period, it's hard to do because the interest rates start dropping at that time. So the amount of interest that you would have gained from a $100,000 bond back in that day was $645,000. Plus, the value of the bond went from $50,000 to $150,000. So it was about nine times is what you had made during that time. Not as good as if you had bought Apple or Google or Facebook, but still AAA rated is not too bad. But anyway, that's the rough idea. We ran that by a couple of statisticians, and they said that was about as close as you're going to get because of the variations in the yield as the bonds expire and move on to the next one. So that's what we're talking about here this morning, so we take pretty good. Gold is still strong. Folks, nothing looks negative about the gold even though we're way up here. We hit 15, 20 days in a row. The little back-offs mean nothing. I mean, if this were a top, the market would already start down, hasn't done that. 1,500 is a nice ABCD pattern. It held that. The 1,506 held it this morning. That was a 78% of that move. So unless we go below 1,506, this market is still destined to go higher. The long-term weekly chart on silver, of course, it made a high up there with a shooting star-type pattern at 1,740. We're trading around 1,703 or something in the silver right now. So there's a possibility that that could be happening, but that's still something that we have to look at over the weekend to get a better idea of what's going on. Another thing that happened this week that is relatively important. So we had a grain report and it came out and it was relatively bullish to corn and beans and wheat. And I wanted to bring up the bean chart to show you what the beans did. We had a nice ABCD pattern in the November, excuse me, this is December corn that we have up here this morning. And that came in. We were looking at 402. We're now trading at 419. So that's in. So we'll see. Elliott Wave, a martialist told me that the Elliott Wave people have given us a target of 1,586 to 1,597. So that's what we'll write down and we will be focusing on 1,586 to 1,587. And if you are an Elliott technician and I is not one, I is a poor pattern recognition swing trader from Terre Haute, Indiana. And that's all I do. If you ever saw the movie City Slickers with Jack Palance and Billy Crystal, do you remember he was the foreman and Jack Palance would raise his one finger and he says, what do you mean do one thing, one thing? And the end of the movie was do one thing good. And the one thing I do good is I look at patterns and I see patterns. Sometimes they lose, sometimes they don't, but they win more than they lose. And that's the key. And you lose less on the ones that you win and more on the one that you win on. So that's it. It's not how much money you make, folks. It's how much money you don't lose. Keep that in mind. Now, we also had a question about the bit. Here's the Bitcoin. We've got Bitcoin setting up in here. You'll see that we've been running around here. This is a four-hour chart. So this is several days from the fifth through where we are tonight. So it's four days. We've been hugging this area here, much like we've done in the gold. And the gold has had a run up. And they're saying there's a correlation between Bitcoin and gold. And if that's the case, when Bitcoin was going from 19,000 to 3,000, gold was still going up. So forget the correlation study, okay, folks? Focus on what's available today. This is stopped at the 61% retracement. We have three lower highs in here. So until Bitcoin can clear 12,400, it's in for a correction of April to see. Peter from Park City is telling us that 1586 is the 61% retracement from the all-time high, which is 1932 back in August of 11, 2011, and the low at 50. I wonder what their exact ratio is now. Peter, do you want to calculate that for me? That would be a really good thing to do. So let's keep a close eye on that. Okay, yeah, his name was Curly. That's right. Very good, David. You got such a source of information. You should be called Mr. Google for having sakes. Okay, let's move on to the thing. We do have gold in silver in a little overbought situation, folks. So they could easily see a $60 to $100 correction in gold without even damaging the bull move. That wouldn't even bother you. They bothered a bit, so keep a close eye on that. 877-927-6648. This scanner is a standalone piece of software that instantly filters over 2,500 global financial markets, such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, Taz understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. 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Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive The Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on The Tiger's Den are on the front page of TFNN.com. TFNN has launched our brand new website. You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com educating investors. Call now toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, folks, we're going to have Bill Meridian on at the break. He'll be on at the half hour break. I'll try to keep you entertained until Bill gets here. If you remember, the last time he was on, he was very, very bullish on the gold market just as it was breaking out of the 1400 level. Of course, we ran $120. It was the biggest weekly move in gold in five years, I think they said on Bloomberg. It moved $120, which is quite a bit. All right, I posted the chart of the Treasury notes showing you that shooting star pattern. Now, like we say, these things fail. If the notes close really strong today, this will not be a shooting star pattern. And we are noticing that the open interest is certainly not increasing. It decreased the first three days of the Tuesday, Wednesday, Thursday, Monday, Tuesday, Wednesday. Yesterday was a very small increase in open interest in the 30-year, excuse me, the two-year and the five-year and the 10-year. I got that wrong. It's a two-year and the five-year, two-year and the 10-year had a small increase, but the five-year, which is the second most popular, had a substantial decrease. So the net increase was a decrease in the open interest. So whether that means anything or not, we have to wait and see technically what's going to happen with the reverse, what do you call it, inverse negative interest rate. So we'll see. Okay, yes, you're right, Terry, it's tough. When things go vertical like that, it's tough. And that's why you've got to take, if you're going to try it, you've got to take little bits and pieces. You can't stand in front of that falling knife. That's for sure. It's pretty tough when you do that. And that's not, you know, it's okay to try that. It really is. I mean, there's nothing wrong with doing that. But, you know, you do it twice, and if you miss it, then, you know, wait and see. That's basically the bottom line. Someone's asked a question about the grain report. It was construed as bullish. Now remember, we're not going to be selling any grain to China. It looks like, well, who are they going to buy from? Well, what's going to happen is they're going to, someone from Spain is going to buy our corn and turn around and sell it to them and drop ship it. So just think that we're not going to be selling that stuff. It's wrong. It's just that it's going to go through a different channel. You know, you've got to think about how those, they got 1.5 million people to feed. And that's certainly not going to be easy to do that. If this crop that we have has any trouble at all folks and believe me, we haven't had a major crop collapse here in the grains. Boy, it's been a long, long time. But if it does, you know, that's it. Remember folks that the one thing you can't do is if you start not feeding people, you got big problems. So that's it. And we have basically very little food inflation here, you know, with the exception of cattle and hogs. You know, the rest of it has been relatively cheap. But food inflation is a problem in China folks. It's, you know, they've got, well, it's like any other country. Everybody's got problems. Let's look at the charts that I understand. We're having a, you know, this is going to be the market broke badly this week. Let's just go through and just show you what happened. We'll just get the narrows back and we'll see where we are. We got all of the, as a matter of fact, if you would have left for a week other than having the worst week that we've had in several years, on Monday and Tuesday, the market is basically back where it was last Sunday night. And maybe that's bullish. I don't know. The charts don't think it's bullish, but you know, the charts can be wrong sometimes. So we're going to find out. The rallies that we've had in some of the key indices, like the banking index and the financial index has been very, very poor, but the technical rallies came pretty good. The NASDAQ is lagging behind the S&P, but we did complete an ABCD yesterday and the S&P over three days. That number came in at 2938. The high was 2940. And if we close above 2940, we'll probably be looking into strong Friday and it might get up into that same level again. But the overall, I think there was a shot across the bow when we had that big down move. That scared a lot of people. Now they're coming back into the market on lower volume, but that means something. If you go back and look at it historically, those big moves signaled danger. And the VIX index, which David White talked about this morning while he was chatting here in the room, it was not saying that the market was going to go straight south. VIX was not going crazy. It was up to 15%, 20%. That's nothing when the Dow's down 995 points, which was the largest drop we've ever had. Not on a percentage basis, but the largest drop that we've ever had. So we're going to find out how much strength this has this morning as we get ready to look at what's going on. The real interesting one, folks, if you remember, we were very, very bullish to crude oil the other day and that's been a really big move. We had those double ABCDs down there, and it just exploded to the upside. And now we're getting back to those highs of last week, and that's going to be really interesting. We're going to be a really interesting pattern to watch. So keep a close eye on that. Now I did want to bring to your attention one other commodity that's known as Dr. Copper. And we'll get this up here to take a look at it because we've had a big breakdown in copper. We'll put this up here. And you'll see that copper is going to have a lot of resistance up here supposedly around the 263, 264 area. This is a daily chart, and as you can see here, we bottomed down here, took out the previous lows of December by a little bit around 253, and we've been able to rally about 7 cents. But it's going to get into 263. It's going to be some type of resistance at that point. So pay close attention if you trade copper. That's going to be a real interesting one because that also has that 20-man line in there that can act as a fulcrum. So there's a potential for copper to get very, very bearish if it doesn't get above that 263 level. So that is another one that we want to watch. The crude oil basically was that... Ruby, I don't know about the spreads. I'll give you my definition of a spread. Dave Nelson is one of the... Yeah, Oscar McClure with the two guys that taught me fundamental stuff when I was at Conti way back in 1968, 69, and 70. And Oscar was really, really a guy right out of Damon Runyon's novels. He had spats and he wore suspenders and he had a fedora hat and he was really well-dressed. And we were sitting there one day and we were talking about spreads. And Oscar said, you see that pencil over there? And I said, yeah, he said, pick up that pencil and bring it to me. So he gave me the pencil and he said, now I want you to hold the left end of the pencil with one hand and I want you to hold the other part of the pencil in your right hand. And he said, consider this as a spread. He said, a spread is like a... like poop on both ends. It doesn't make any difference what end you go of. When you let go of the spread, you're still holding on to poop. So that's my opinion of spreads. I know they work, but I have no interest in them. I really, there's too much trading flat positions or, you know, that's it. Now we're doing a cross-rate, that's not a spread. You're just crossing two, you know, cross-rating currencies like the Canadian versus the U.S., the U.S. versus the end, the Canadian versus the end. Those are just cross-rates that you trade those separately. But a spread is where you're betting on one option or one contract versus another or one, if it's in an intermarket spread like crude versus natural gas, that type of stuff. They chart very well. I just don't have the time or the interest to do it. Stay tuned. We'll be back with Bill Meridian. Daily basis when the markets opened and even on weekends. Each Monday, you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out. And throughout the week when warranted, Larry will send out via charts or videos or both the key markets that he is watching during the day. This will be up to the date active trading information that will help you in your daily trading. 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For more information, just click the Think or Swim banner on the front page of TFNN.com. Okay, we've gotten in touch with Bill Meridian, but unfortunately we've not been able to get him into TFNN, so hopefully he will call in to TFNN and maybe TFNN would call Bill and we'll get him up and running here, but he's on the line here somewhere, but we'll get him touched before we, while we're waiting on doing that. I wanted to bring one other market to your attention here that's under the gun again, making it what we think is a very important double bottom. There we go. Bill, are you there? Yeah, I'm right here. Hey, thank you very much, my friend. Hey, first of all, congratulations on that incredible call on Gold. You were on two weeks ago if you remember and you said this Gold is getting ready to go and boy, did it go. Congratulations, buddy, that was a beauty. Thank you. Okay, what would you like to talk about this morning? Do you have my presentation? I do, I have them ready to go here. It's got it right here. The Larry P. show, we'll get it up. And there's the first chart. Let's show what we're going to be talking about today. Bill, one of the questions we're getting from one of our... Do you buy calls on these things or how do you trade? Do you use stocks or what is it you use for trading when you get a situation like that in Gold? Well, for almost all markets I use either the single or the double long or short ETFs. Okay. And occasionally when I feel when I want to have a very brief, when I see a very brief move coming up that I want to take advantage of, I will buy puts or calls on stocks, on the spy generally not on the bonds in Gold. Okay, that makes sense. Okay, go ahead and start, my friend. We'll be happy to move on when you tell me to. Okay, well, the summary is stocks still points down despite the rally of the last couple of days and I'll speak about that. Bonds, I think the rally is intact through August. Gold rally is intact through August. Oil is due to fall. We'll look at that, I think in August. And by the way, if oil closes the month of August lower it generally is bearish through the end of the year and that is exactly what the monthly cycle points to. And I also did some geopolitical work on Hong Kong. So if we move to the next slide the S&P 500 index you can see that it turned down and it bounced back almost immediately. So let's go to the next slide, which is weekly. And that is the weekly slide it points up until August 20th. So it's currently the 9th I think the longest this rally could last is up until about the 15th. And I think it turns back down again. And I'd like you to see what I call the extended view. That is the extended view which is on page 5 of the monthly cycle. And you'll notice where the buy was all the way to the left-hand side of the screen back in late December of 2018. Then you see the sale was very effective that occurred in late May, early April. Then the next buy signal was very effective and it topped a little short of this sell index but the next buy is right at the end of this month around April, August 28th. And then we don't get another sell until early January which I would take very seriously because it is supported by other down cycles. So if we go one more slide down to breadth and if I get this breadth you see the advanced decline line there's no real damage in the overall decline line. And so to get a better picture on that and one of the indicators I follow regularly is the 10-day moving average of advances minus declines. And you'll note that there were a series of lower highs the first high being in January then the next high being in April and the next high in June and on down so that's one of the reasons I thought the down cycle was confirmed but now you've got a low and the low is a higher level early June low so that is supportive of higher prices over the short term and I'll show you what the next slide I'll show you what the difficulty is in making projections this is the American Association of Individual Investors weekly poll and you can see on July 27th there were 31.7% bulls 36.2% bears then the market declined and the number of bulls went from 31.7% to 38.4% which is completely illogical in other words they were buying the dip in a week the minute I saw that I said the market is going to get clobbered and that was Thursday August 4th now look at it August 11th that's last night well I got the wrong date in there I put Sunday dates in but this is last night's number of bulls and it's down from 38.4% and we needed a shift like that you know I had to look back on May 19th we had a shift that wasn't even this big it was like 11 percentage points and the market dropped two more weeks before bottoming July 15th 2018 I had to go back that far and then all the way back to November 2016 I can't even find a swing that's that big that's like 16-17% in one week so the difficulty with doing this is the sentiment shifts very very rapidly and if you remember the last time I was on I pointed out that hedge funds were underexposed to equities all year long and they were up only 7% in the first six months of the year and suddenly they ratcheted it up to become fully invested just as the market peaked and this goes all the way back now to 1971 we're in Professor Robert Cavisch's class and we said you know Nixon abetted the gold standard and Professor Cavisch says well this means the United States is committed to a permanent long-term policy of inflation and what effect is that going to have he said well that means you're going to be able to borrow money much more easily but this raises debt levels whenever the downturn comes then companies are in more trouble they have to issue yet more credit and he said so market swings are probably going to become bigger and quicker and when the market crashed in 1987 I called my old friend Art Merrill who wrote behavior of prices on Wall Street and I said Art this looks like a completed correction in terms of determining whether a correction is over or not what would you rely on more price or time and he said well if I had to pick one it would be price I said so this 87 crash could be a completed bear market and he said yes that's what I think so at the moment I have no positions in the S&P I close my inverse position out and I think it's going to turn back down and I'm looking to reestablish that but I don't see it right here so if we go down to bonds we see bonds I took every last penny I had and stashed it into bonds in July and you could see why the two strongest months for bonds are July and August and so that's how we begin the analysis next question let's look at the weekly bond cycle that is on page 10 does that point up yes it points up to the end of the month so the histogram which is historical includes every year is supported by this weekly cycle let's now go one more slide down and look at the monthly cycle and the monthly cycle goes up into oh that's early October and as some trader once said if you could be right 60% of the time you can make a fortune well just using the calendar histogram that they showed you 60% of the time anyway in July and August and with these two cycles pointing up it's got to be greater than 60 okay we've got to pay a few bills bill and then we'll be right back with Bill Meridian of Cycles Research Vienna Austria 877-927-6648 the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal four year CD rate of 3.1% would give you income $1,550 per year or $6,200 over the four year period that same $50,000 investment in the target first mortgage program would give you $3,500 per year or $14,000 over the four years what should you prefer? $6,200 or $14,000 of interest on your investment if you'd like more information about the target first mortgage program you can call me at 877-518-9190 that's 877-518-9190 it's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th, 2002 when gold was trading at under $300 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI, GDX, The Dollar, Bonds South African Rand as well as 25 different mining equities with specific buy-sell recommendations as of April 1st of this year the gold report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30-day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of TFNN.com don't let gold's next big run pass you by today will the S&P 500 continue to climb for bold trades on U.S. large cap stocks in either direction trade SPXL SPUU or SPXS directions daily S&P 500, bull and bear leveraged ETFs direction leveraged ETFs an investor should carefully consider a fund's investment objective for investors and expenses before investing a fund's prospectus and summary prospectus contain this and other 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the JGB in the bond so let's go down now to the gold breakout and that little period in there from late June to early to late July remember what I was on last time I said the cycles the monthly and the weekly cycles are pointing down and the gold is only going sideways so it's got to be an incredible rally coming up as soon as they turn up which they did and if you go down one more slide to number 15 you'll notice that there's a tendency for gold to bottom in June then appreciate through July August September gold is up in August 60% of the time in September 61% of the time but the percentage again in September is much higher so that's why these are bars of expected return in other words 0.61% time some return that's why September is so far ahead of August and if you put it on an annual basis the annual low in any year is either in June or around August 8th or so so now let's take a look at the weekly gold cycle and we'll see that the weekly gold cycle is turned up and it does not turn down until mid-September which is a strong month so now this is the challenge you see that red cell signal in September 15th we just saw September is the strongest month so usually when this happens the weekly cycle is an absence of everything else it's valuable but with the other cycles pointing up it might just mean another flat period so let's go down one more to the monthly cycle and here you see the monthly cycle also headed up so it hasn't even given a buying signal yet it gives it this week and so I think between here in the middle of September you simply hold gold if it gets overbought here's how you figure in the technical indicators if it gets overbought it is not necessarily a cell signal it can stay overbought for quite a while it's when the cycles turn down that the overbought indications mean something and let's go down one more gold has made a major breakout and if you plain vanilla technical analysis that's an asymmetrical triangle a rising triangle and if you take the height of it and you add it to the breakout point at a minimum I come up with 1620 so gold could very well be trading 1600-1650 by the middle of September so it's not far away another week like this one it won't be there yeah I know that that's another problem when the price objective gets fulfilled what do you do so here the oil monthly cycle points in one direction it looks like an Austrian ski slope it points straight down now I take that with a bit of a grain of salt as I go to the weekly one and notice that we had see on the red all the way on the left we had a cell signal in June and it finished that period on the downside and it finished slightly up so that signal was successful then we had a cell signal that was successful and now we have a bi-signal but notice gold oil rather is down since the bi-signal well that's what starts to happen when you have a monthly cycle pointing down and we don't really get a sell until the end of this month now let's look at the monthly expected return of oil and here again August and September so from all these slides you're probably getting the right impression there's no sense to have cash July through September in any of these markets your money will be fully invested so you'll notice August is about the third strongest month in any year so that'll probably cushion any decline but after that September is down and October and November are the two most bearish months so right now I have a short position in gold that's probably looking at today's movement break even at the moment I had a profit in it I'm sticking with it I've got to stop if it gets triggered I'll just wait until the next that weekly cycle downturn which is late in this month and I'll short it again because you'll notice it's running at a steam September October and November okay and so recently Hong Kong has been in the news and that is a horoscope set for Hong Kong's being passed back to the People's Republic of China July 1, 1997 I don't have an exact time for it I think it was midnight though and so why is this suddenly a big issue in astrology terms the sun at nine cancer is square Mars at six Libra which is telling you that this was not peace was only going to last so long and in the horoscope of the People's Republic of China is at eight degrees cancer which is right where the sun is here and in their chart they have a Mars Pluto conjunction which means they will not hesitate to use force to resolve any disputes both of those are stimulated right now which is why you're getting the results we're getting and I honestly think that the key here if you go to the next slide in June of 2020 there's an eclipse and that red line you see is the exact shadows the shadow passes right through Taiwan right through mainland China and is close enough to Hong Kong so that tells me that's a very important eclipse of that entire region and those black lines it's a little bit difficult to explain but they're from the ACG map those are that is the planets in the horoscope of the eclipse turned into lines and plotted on a map and you'll notice they intersect the red line and go right through Hong Kong so let's go down to June and in this this is page 24 in this analysis I've also looked at Carrie Lam's horoscope the People's Republic of China and several other horoscopes so Carrie Lam Pluto is 180 degrees to her progressed sun through 019 in 2020 so she's under pressure likely from Beijing to enact restrictive laws like the one that led to the unrest last spring so or was this spring the last spring that would be okay the June solar eclipse path passes closely to the north of Hong Kong this appears to be symbolic of many arrests the conclusion is that the themes of 019 will carry into 2020 with June being the key month that will likely be the epicenter of unrest as the people aren't going to take this lying down and she's going to be pressured by China to crack down China is under some economic pressure because as I point that out in one of your shows Pluto is passing over their Jupiter the same aspect that occurred in the horoscope in New York City in the beam administration in the early 73 or so when the city went broke so they are their economic problems are probably going to be in the headlines next year there were also three Jupiter returns now that's where Jupiter takes 12 years to go all the way around the chart and was back to its original place and it makes people more expansionary of Jupiter or in this case I would say imperialistic so they are going to be looking to expand and the June 21 solar eclipse is 45 degrees to their Mars Pluto conjunction which means they would rather fight and switch so they are not going to let up on the pressure so I think you are likely to see a very hard crack down in June and at the bottom the Hong Kong stock market is likely to respond to the downside especially in March and June so I don't think the Hong Kong market is a place where you can buy and hold I think you can trade it by shorting it in March and June but I would not be owning that stock market Bill we had to pay a few bills and would you stay with us we would like to get in contact with some of the books we'll be right back with Bill Meridian Cycles Research Vienna Austria it's the most common trade that we tigers and tigers share if you are looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 6 and 3 months Timer Digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I 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All of the TFNN newsletters are informative up to date, affordable and a must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news Plus, new subscribers get to test drive our newsletters risk free for 30 days If you want to know more about TFNN.com check out the newslets of the markets including stocks, bonds, metals, commodities and tech there's a newsletter to fit your needs exclusively from TFNN Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com In 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion While originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns to the trend calls Thus was born the Chapman Wave sequence Using the Chapman Wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter Right now you can get a 2 week free trial to the opening call, Basil's daily trading newsletter by visiting the front page of TFNN.com Cancel at any time during that trial and pay absolutely nothing Get your 2 week free trial to Basil's newsletter of the opening call today at 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 Right, folks are back with Bill Meridian Cycles Research Bill, do you want to tell the folks? I'm here I want you to tell the folks how they can reach you I'd like to know more about their YouTube channels Oh, the YouTube channel planetary stock trading has not been updated in a long time You want to know how first trade charts work That's what I do most of the time from my own account Mastery Geopolitical Prediction Geopolitical Prediction is the newest book That's a picture of it on the next page, page 26 It's about mundane forecasting which is how I came up with Hong Kong And if you go down one more slide they can get me at BillMeridian.com, they can email me through there They can sign up for the monthly letter And That's it, and I just wanted to say with the planetary stock trading I had not mentioned this, but you asked the question of what I do I routinely I go through every stock that's reporting earnings and I use a method explained in my book planetary stock trading now in its fourth edition and I buy, I take an equal amount of money and I take the three to five or six stocks that I like the best and I buy them right, I mean I take these positions literally as the market sometimes I miss and I don't even get a trade off and I put an equal amount of money in each one one of them is not going to work out as planned, despite all the work that they did, and I have my own X file of cases that never worked out and I know still don't know why on some of them, but one of them is going to do okay, but two or three of them are going to do so well and I'll tell you how I got this technique from Andy Lanier who was a top broker on Wall Street, he was with Lehman Brothers he wrote the book Confessions of a Stock Broker I met him once and he said I'm bringing X amount of money every week through my clients and contacts and he said your job if I hire you as an analyst would be, you've got to research five companies that we select and get all the answers for Friday and Friday we decide which of these top five companies we're going to split the money up into now and he bolted me over, one of those companies is going to go broke I said oh this guy's a top broker on Wall Street and he says one stock will be flat two stocks will out from the averages, but one of them is the next Microsoft Intel Cisco, it's going to do fabulously well and what's the limit on the downside minus 100% what's the limit on the upside, there is not and that's the philosophy I adopted and that's what works that's great, Bill thanks a lot buddy I used to talk to you, hey you bet my friend, Bill Meridian, Cycles Research Vienna Austria, but that last 30 seconds was worth the price of admission folks see you Monday morning