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Okay, folks, I mentioned before that I did watch this video about these Apple products, but we're going to take a look at Apple from a long term. We're going to go back a year and a half here and just show you the chart of Apple and just give you an idea because it really follows the A-B CD phenomenon. You can see here on this long term weekly here, the beautiful A-B CD pattern down here at this level here, this is 126. And now, of course, we went up and we've made a new high. But what we need to do is as we're making a new high here, we really need to get down to the nitty-gritty and see how it's made this new high because I think that's very, very important. As we look at this over a period of the last five or six months, we'll get this chart up so you'll be able to see it here pretty quickly. You'll be able to see it right here and you'll see we went right up. The number we were looking for was 185. We talked about that yesterday. I believe the high was 186. We're a little bit lower than that right now. You can see that it's backed off a little bit, but that's just a short-term phenomenon. But what we have to remember is we're looking at Apple here over the past. I want to get this up because this is from eSignal, but it's a really neat chart. Blow it up so we can all see it a little better here. This is talking about a pattern that you don't see very often, which is an outside reversal pattern. In other words, you go up and you take out the highs of the previous two days and then you take out the lows of the previous two days all at the same time. And when you do it with pretty good volume like you did here, and then we've already showed you these ABCD patterns all the way up, that's telling you that, my goodness, there might be a correction coming. Maybe even two or three-day correction coming in Apple. We don't know, but that's how it looks like. So that's a few of the things that we're watching with Apple, but this product that these folks have, folks, this video augmented reality that Al was mentioning to me, it was amazing. These headsets like virtual reality, and it literally expands your little tiny 15-inch laptop into a 100-inch or larger football size. And it's incredible. Then you can interact with it and you can order things. And oh, my gosh, I'm just totally amazed. The price now is $3,500. Of course, when it finally does come out, then we're going to be able to see what's happening. But AI is in the news. Everybody is talking about it. But remember yesterday, folks, we had someone asking us about this ETF. They're clamping down on Bitcoin today. But let me tell you who they should clamp down on. This is this WTAI. This is Wisdom's Tree, Artificial Intelligence. Folks, this has about as much to do with artificial intelligence as I do with looking at point-and-figure charts. I mean, they have an invidious in this to the tune of about 2.5% and a couple of other small ones. But as far as AI, not happening. No, it's not. And I don't mind them putting it out here, but when they're putting commercials out here on how to get involved with AI, maybe this is stepping your toe in the water. That I don't know. But this is not good business. And then they come down really hard on Coinbase today for things that they had been doing for quite a while. Nothing any difference. But let's take a look at Coinbase today, folks. This is a really, really cool-looking situation of what's going on in some of these things. So let's take a quick look here. We've got a lot of things to cover. We'll be able to do them all together. But look at this Coinbase chart. And those of you that like ABCD and like Bitcoin, you must really love this one because look what's happened to this. There's your... Let's give that to your first letter before we talk. Look at your ABCD pattern, folks. It measured here to 46. The low was $45.94, and we're trading $6 higher already. Now, I know Gary Ginsler used to work for Goldman Sachs, and he's a tech guy and everything. But I will tell you this right now. I'm not a betting man, but I will tell you this. These folks here at Coinbase have bucks behind them. There's no question about that. And they are going to have some pretty high-priced attorneys, not the $150 an hour variety that they have at the government or less. They're going to have the boys that wear the $10,000 suits, the guys that make $1,200 and $2,000 an hour. And I will bet you a nickel to a donut, and donuts are about a buck and a quarter now, that this thing will be rectified in favor of Coinbase. They've been doing this all along, and all of a sudden they came out with all of these rules or suggestions of what's going to happen. That's how the government puts a kibosh on these things. But as long as we don't get below that 46 level we made today, this is a flat-out bullish chart, because that's a perfect ABCD right there at 46. I didn't see it until just about a half hour ago when someone brought it to my attention. But that is a perfect guardly right there. And the fact that it's acted so good from that level. Remember those stocks in the banking sector that Jim Bartolioni passed out to or told us about? I mean, they haven't even made two retracements on those. And what did our government do? They verified everything in the doggone banking system, no matter what the amount of money was in the past books and stuff. I mean, they changed the rules the way they want to. So that's what the government does. It's a government by the people, by the people, but not for the people. Who knows? We're going to pay attention to this as we look at some of these things unfolding here today. We've got one other one that looks really interesting that we talked about last night on the video. And that is the price of crude oil. It had set up today to make it. This looks very similar to the ABCD that we had here in Bitcoin. You'll notice that was Coinbase, folks. Not it's Bitcoin-related, but it's Coinbase. You'll notice that the 61% retracement came right in here at 70-22. 70-20 was the exact 68-61% retracement with the ABCD. And we've already rallied $2 and some to the 382 retracement. Hey, we've got to pay a few bills here. 877-927-6648 if you have any questions. We have exciting news, Tigers. This June, Tim Ord of the Ord Oracle will be hosting two webinars providing insight into his renowned market timing methodologies. On June 8th, Tim will delve into the S&P 500, teaching sentiment indicators, identifying market bottoms and divergence, and so much more. On June 15th, Tim pivots to the gold market, taking a look at cycle analysis, ratio studies, advanced decline indicators and other important tools for analyzing this sector. Sign up today on TFNN.com. TFNN, educating investors. 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 Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence forex markets tremendously. 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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 O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien 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 O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, educating investors. Free at 1-877-927-6648. Internationally at 727-873-7618. Okay folks, I posted a chart of the green line is the AI, my neural network that was developed by Dennis Regan back in 1990 to 1991. He passed away early 1992 and left us with no way of trying to figure this out and we reversed and engineered it with the best of our kids. It's not exactly the same but very close to what he was doing. Basically what it is, it's looking at the vibrations of the market. I've told people how it works. Some people use it, some people don't. It's just a matter of what time frame you're dealing with. But basically what it's basing on is Dennis found that there was a heartbeat. We had a MIPS computer folks. A computer that is millions of integers per second. A MIPS computer. They were around $6,000. They were made by Intel. And what they did is they crunched numbers. And as we crunched numbers we start to see, this is part of those harmonic numbers that 20 men came up with and myself and Bryce Gilmore, but where numbers repeat over and over again. They also repeat in time. But time is more elusive. And so what it was trying to do was to find special spots during the day where the markets were supposed to turn. And sometimes they just work absolutely beautiful. Today I showed you the one that we had on the bottom of the S&P and also the top. And then we also had one on the gold market. I do crude oil. I do natural gas. I do the treasury bonds. But again, it's only about 60%. About everything that I look at is a little above 60%. But if you stop and think about that folks, 60% in our business is pretty good because what we're trying to do is focus on the risk control of the trades that we're trying to figure out. That's all we're trying to do. Now when you line this up with Fibonacci numbers and ABCD patterns, it also gives you another edge. That's a double edge and that's what you like to see what's going on in the world, okay? So I just wanted to bring that to your attention. Dennis died very unexpectedly and it was quite sad at that time and it's still sad because I think about him all the time. Probably one of the smartest people that I have ever met in my life. He spoke seven languages. He was a master. He had pictures of a President Reagan that had given him awards for the Tomahawk warhead missile. He was the one that developed that. When it came out of the water, out of the submarine, as soon as it got out of the water, it started searching for the pattern that it was looking for and what it did, it could identify the difference between a school and a hospital and stuff like that. I mean, it was really quite spectacular. What he could do, remember this was 30 some years ago. So he was incredibly bright. But anyway, someone just asked me a question about the Bitcoin and I'll bring that. I don't trade Bitcoin. John Jameson is an expert in this, so anything I have to ask about is this. But let me get the chart up here, the longer term chart here of Bitcoin because frankly, folks, this is probably a buying opportunity for two different reasons. You remember, we completed the ABCD pattern in Coinbase. That was really an easy one to see. But look at this. We're hanging right at the 382 retracement down here at 25,000. This is really strong support for two reasons. Look at this old high right back here and there's your 382 coming in right here at 25,000. Now, if you close below 24,000, that's telling you that this pattern is broken and it's going to go down a lot more. But this was also a 382 retracement off of 16,000. So that's why this is such a really important thing that's happening and it's in the news. The government's out there and we'll see how this thing comes back to haunt the losing side. My guess is they'll probably settle out a court because there's going to be a lot of money involved. And of course, the government has more money than Coinbase, but Coinbase can afford to pay for higher priced attorneys more than the government. That's my assumption anyway. Okay, now let's move on here. I wanted to talk a little bit about the German DAX. We're going to take a trip here across the pond because it's still acting like it's still having a rally formation here that you'll be able to see without too much trouble. And as long as we can hold these levels that we're looking at early today, we've got a chance to go higher. But we did make a 61% retracement and back off, but there's still that possibility that we could go higher here in the German DAX. The next one we're going to look at here, folks, is going to be the FTSE, which looks a lot more bullish than the DAX because it had a tremendous rally. And if you can stop and think, the London Stock Exchange is basically stocks from all foreign countries. And you can see what's happened here. We had a little bit of a back off here at the 382 and has done very, very little. And then finally, I wanted to talk one more time about this Dow Jones chart that we've been looking at because we've completed that Gartley pattern that we made last Thursday down there at that 32,227 level. And there it is right there. We had a really strong rally. It didn't get hardly any above the, just a little above 33,800, I believe it was 33,056 or something like that, which was just a shade above the 78% retracement. And it's backed off about 300 points since that time. So that's still in the formation of it could go either way. And what we're still concerned about more than anything else was this big ABCD pattern that we have here in the S&P that has not been violated. The highest we got was 3,208 or something like that. And we were saying the short was around 4,296 with a 20-point stop. It hasn't come close to that yet right now. It's in the money very slightly, but it's still got that potential to fill. But it hasn't really broken down much. So that in itself gives you a what we call a danger sign because usually when these hit, they back off right away and this has not done that. It's gone up here and hung higher. One of two things is happening. It's taking its time to make a new high and has not or it's just making a distribution at this level. Remember, we made new highs in the NASDAQ and we've actually had the Russell breakout today, which no one really has talked very much about it. On Bloomberg I was really surprised because we talked about that ABCD pattern in the Russell yesterday here on the air and we made it today up there at 1860. He went right to the number, to the exact number actually, which was an ABCD 50% retracement and right at the 50% ABCD as I just mentioned. So those are the things that we're keeping an eye on here today. If you give me one second here, I've got one other thing that I need to check on. But we're going to do that when we come back from the break because I've only got about another 36 seconds or so. Tomorrow's guest will be Jeff Hughes of Alpha Insights. He's always got some great information and we get back for a break. We're going to talk about the gold market and also the green markets. We'll be right back folks. 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 XAU, 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 You'll get a weekly report from veteran day trader Larry Pezzavento 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 we'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today TFNN.com Educating Investors Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN Educating Investors. And I wanted to bring to your attention the gold because we had a 382 retracement last Thursday up there at 1998, at 96 and it broke down to, we covered it at 62, made $3,300 on that and the reason why we were covering it is the fact that it had stopped at a very significant spot on the charts and then what I suggested, and I'll show you why trading can be so doggone frustrating even though you sometimes break even. Here is the chart of the gold. You can see here where we covered it last night. Yesterday was when it took out that high right there. That's the first time I was able to do that. We shorted it right there. We covered it right there and you can see we went right up to the exact 61% retracement at 82, 1982. We broke all the way down to 1972. That's $1,000. When that happened, in the video that I sent out, reviewing the positions that we had and we had three positions on today, short stocks. Of course, at the S&P, we were long the natural gas that was doing quite well and we were short the gold. So I said put the stop back at break even because after you had $1,000, it went right back to it and it's trading there right now because I can hear the beeper going off. So I don't know if that's the right thing to do or not but folks, I'm risk averse. I don't like to stand in front of a train and ask the flag men to stop the train because it takes about two and a half miles to stop a train. Anyway, that's what we're looking at here. You'll be able to see here what's going on with us right now. By the way, I don't know if you know the news yesterday. The Treasury is getting ready to issue $1 trillion worth of T-bills. Of course, we've been out of T-bills for quite some time as the debt crisis has been coming. So in these next few weeks and months, the Fed will be printing paper to the tune of $1 trillion. How will that affect the market? I'm not sure. Usually when you bring out a lot of supply, that causes the demand to go lower unless you get it at a good price. And I don't think it's a good price where we are here. Folks, I believe we are looking at higher interest rates for the next five to eight years. I don't believe we'll ever see 2% mortgages and stuff like that anymore, at least in my lifetime, but that's not saying a whole lot. Anyway, that's how I handled the gold trade because I wanted to make sure that we didn't miss anything as far as losing money after being ahead. Your goal is to try to make money every week. You don't make money every day, but we do make money just about every week. And that's the main thing of why we're doing some of these things. I wanted to bring to you attention something that just happened here just a little while ago. This is from the Sunday newsletter that we sent out. And we'll bring this up here. That'll be changing too, by the way. Get this up here. You'll see this was the hogs. You remember we had this trade in the hogs where we lost a point here in hogs. It went around quite a bit more. And now we've rallied up supposedly to the high of the day here, which is the 3-8-2 going back here for the last three and a half months. Folks, hogs are up right now. The July hogs are up to this level right now. We just hit it just a while ago. They're up 300 points at the 3-8-2 retracement. Now, this was sent out Sunday saying that that's probably should happen. Now, I didn't say sell hogs here or anything like that. I brought this to your attention to show you that's the level where you want to look at. Just like this level was a 3-8-2 retracement, this level is a 3-8-2 retracement. I can't put eight or nine different positions on here for the 24-7 people because many of them are smaller traders. I give them ideas of where to look like, whether it's crude oil or whether it's a treasury bond. I'll give them an idea of what to look for, but do a specific one. I'll give a specific buy and a specific sell, and it's usually related to the ABCD patterns that line up perfectly. That's the main thing. A perfect example today would have been this Russell. This Russell came exactly to the level of 160. I don't know where it's trading right now, but this would be one of those that would be right on the money of what you want to be looking at. That was coming in at 160 on the Russell contract that is now trading at 52. The high has been 64, and the low is 52. Right now, it's got an 8-point profit in it, and that's all we're looking at is to see how that wants to operate from that level. Also, folks, I mentioned yesterday that we have this huge, huge pattern here in the cattle. This is beef, folks. I eat beef probably three times a day. It's not quite that bad. A couple times a week, for sure, and I love my favorite here in Arizona, is cowboy bacon. It's about a half-inch thick, and it's got applewood flavor. Oh, my goodness. One strip of bacon, folks, is a whole meal. That's how really cool it is. Anyway, this is the cattle chart, and as you can see, this monster double top that we have here. Cattle prices have not been this high since 2019. 2014. I can't believe I'm saying this. I've been in this business. I put my first trade-on in 1959 for God's sake, September of 1959. How many years is that? That's more than 10 years. That's eight decades for God's sake. We've got a... Oh, you talk about Mr. Lucky hitting the lottery. We've got Mr. Z from Philly on the line. John, how are you today? Well, I'm glad you were keeping everybody abreast of the bear market and those hog futures going into last a week, maybe two ago, and I just took a nice little profit after holding a contract the past couple of days, and lo and behold, I hadn't even pulled out the daily chart to see that the spot where I took the game was right up at your 3A2, so thanks for that. Well, you're welcome. I'm trying to buy it, but they just keep pushing it higher, so I'm waiting. We've got a report coming out here on Friday the 9th. I think it's a rain trade report, Rich told me. So what do you think is going to happen here? Well, Larry, I'm calling to ask you how you handle something in particular. First, I'm holding long partial profits a week ago Sunday on a nice move up. We pulled back last week and now we're you know, higher this week and of course, the rally off that low maybe two, three weeks ago, as you well know was a lot of shorts who were pressing the bear case covering those shorts. And of course, much of the corn belts has gone very dry since about May 10th. The reason corn hasn't just truly exploded, of course it's rally, yes. But in the big scheme of things, you can look at that these contract on the daily chart going back six months, maybe a year, we can see it's a bounce. Whether or not or what happens the next 30 days is going to be dependent upon whether or not this dry stretch extends. And what I can share with you, I found very interesting when I went back into the studies Larry, this year's action in new crop corn trees that these contract in the past six months into a may low was very similar to what happened in 2012 and 13. Can you stay with us for the break, my friend? I can, I heard the music. Thank you very much. We'll be back with Mr. Z from Philly folks. Stay tuned. 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 Basil 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 Basil 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. Visit TFNN.com Educating Investors Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien 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 markets open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter Market Insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com 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 L-A-B-U or L-A-B-D Directions Daily S&P Biotech three times bull and bear ETFs. Visit DirectionInvestments.com slash Biotech today. An investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing. The Perspectus and Summary Perspectus contain this and other information about direction shares. To obtain a Perspectus or Summary Perspectus, please contact Direction Shares at 866-476-7523. The Perspectus or Summary Perspectus 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 is LLC. This program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ. Okay, folks, we're talking with Mr. Z. John from Philadelphia. John, are you in Philadelphia or in Wisconsin? I'm in the letter, Larry. I figured you'd like that kind of weather this time of the year. Listen, I posted the chart here the daily chart of Christmas corn and you can see we've been at the 382 level now for three days. So if it's and this is a bear market as you can see we've been going down for months. So my assumption is this should be some type of a top and we should get a little bit of a pullback. That's what I'm looking for. The big money in the trade is very focused on one or two outcomes and of course only mother nature knows which one outcome is that this dry patch that's been going on now for oh four weeks gives away to rains that start emerging in about seven days time. If so the 2013 analogy probably is in force where we're topping right at your 382 and that go down in bust 490 possibly going down you know into 450 in the harvest. The other scenario is mother nature doesn't give the rains that are forecast to occur seven to ten days out and something more akin to some variant of the 2012 type of drought is unfolding and in that event we could have an explosive rally based upon smaller crop size. So my question Larry is of course you don't know and I don't know which outcome is but in the events that we get that no rain scenario forthcoming you know looking out seven to 14 days and price starts to explode higher question for you given your decades and decades of trading experience how do you handle that? I call you John and ask you what to do. Hey listen you're as good as this and I am the best way to handle it is if it is going to be a weather market it's probably going to gap above the 382 on some overnight or weekend or something like that and if it does that and you really believe that that's what's going to happen you just got to buy it because your stop would be below the 382 in other words if it breaks out it's got to continue so if it breaks out and it comes back below that 382 I would have nothing to do with it and I'm not talking about a 2 or 3 cent breakout I'm talking about 10, 15 maybe even 20 cents the higher the better because if it's really high that means they've trapped some of these commercials that are so very very bearish and we've seen this if you remember back in well this was happened to Cook Rain back in 1975 and 76 they were extremely bearish and they were right the problem was corn and beans rallied $4 a bushel before it finally went down and they went bankrupt because they stayed short till they ran out of money and you just can't do that so gapping above the 382 which in deacorn would be right here at about $6.55 if we gap above that that'll be the first indication that yep this thing might be ready to go and then I'll have to handle it on a basically hour by hour way to look at it because I'm not just going to buy the breakout and say if it goes back below it again it's got to keep running because I don't like to fool around especially this market's bearish for heaven's sakes yeah Larry I've just at very point I learned that long ago the idea if you're chasing you know chasing doing a chasing buy and lots of people in the tigers den see me do this very short term stuff if I do a chasing buy I've got very specific parameters that I'm going for when we're breaking above prior highs for example but I do so always with this thought in mind risking little if it abruptly reverses on me so I'm with you on that idea that sure chasing buys are warranted certain conditions but you got to see a move in your favor kind of quickly to warrant staying with it so we're like minds on that well I can remember one of my best mentors in soybeans was Dave Nelson who worked with Sympathetic back in Pasadena back in the late 60's and early 70's 20 men and I were students of his and he said we're about chasing markets he says well you've been chasing women he said how'd that work out for you and I said well I guess it must be the same way for the corn and the beans and the other things so I don't like to chase him but once in a while you got to chase that bus down because there might not be another one going for a while so Larry let me ask you this Sarah, Toronto, Hong Kong was that a case of so the family has got some things my son-in-law you know he's in Philadelphia that runs the Parkinson's Institute and Alzheimer's unit for the University of Pennsylvania medical school he's well he's asked to go everywhere for speaking because he's really quite one of the top people in the field and so he's been they've asked him to do a sabbatical in Barcelona and then also in London and then the family he's asked to go to Hong Kong they're going to do some remodeling on the house and then their sister's going to meet and some other family stuff so I'm going to be home I'll be I'm going to probably meet him over there it depends upon you know how the air traffic is and how I'm feeling but I don't I don't like to fight the airports anymore John you know I I just don't so it's just question of whether I'm going to do it or not but it's going to be fun I talk to them every day of videos they were always on video chatting about what's going on and all the things that are happening in the family but they are taking a little bit of sabbatical and I just didn't want to it's just too hard to get all the data and I'm busy doing this stuff I love this is what I love to do I don't get to play golf with Tiger Woods and I don't want to play golf with Tiger Woods I rather sit here and chat with you about the corn market for God's sake so that's what I like to do at least you have the luxury of being able to say you played against Tommy John in high school yeah I sure did that was a lot of fun yeah that was back in the old days but trading has been good to me you know just like it has to you John I mean we've been very lucky you know I'm going to be 83 here pretty soon and I've been doing this since 59 that's a long time that's 64 years for crying out loud and I'm enjoying it as much now as the very first day that I did it when I bought that Elastic Stopnut ESN and excellent stretch Larry excellent stretch just just in parting I'll just share this with you I had bought I didn't get these corn down at the 490 I grabbed it at 511 I took partial profits up at 35 holding the rest and so I'm prepared to see that unrealized gain on what I didn't sell evaporate to nothing if the bear case unfolds if the rains don't come 7 to 10 days Hanson we start to surge well I'll just add to that winning position so that's the way I'm going to handle and see what happens I am too soon as I find out that it clears that well basically 660 in Christmas corn I'll say okay there's something different now and if I can find a place I might have to buy at a higher price but at least I know what my risk is going to be because I have not had a historically good record of buying breakouts so I've got to be careful hey John thanks we really appreciate it John Cheveny folks go to him to the Tiger Den he's one of the real jewels of GFNN we'll be right back if you're looking for potential trading setups in the stock market then Rocket Equities & 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 & Options report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN.com TFNN Educating Investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible to 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 Basil Chapman creator of the trading methodology known as the Chapman Wave the Chapman Wave up down sequence gives you an edge in identifying price peaks and valleys in stock prices get the opening call newsletter by Basil 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 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Tigers this June Tim Ord of the Ord Oracle will be hosting two webinars providing in his renowned market timing methodologies on June 8th Tim will delve into the S&P 500 teaching sentiment indicators identifying market bottoms and divergence and so much more on June 15th Tim pivots to the gold market taking a look at cycle analysis ratio studies advanced decline indicators and other important tools for analyzing this sector sign up today on TFNN.com TFNN Educating Investors 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 we've got the stocks drifting lower still Russell is now down 10 points from its ABCD spot that we looked at the other thing is his bonds are continuing to weaken to remember we're going to have big auctions coming up of a trillion dollars in T-bills these are T-bills that we haven't had in our Treasury for a while so now that they have the debt thing done they can print as much as they like and that's going to be coming to market and folks that is not going to make interest rates go lower folks when you sell that much stuff you got to discount it and that means interest rates are going to be higher and I don't think that's going to be good for stocks but you know they go separately sometimes and that's pretty much someone's oh someone asked about the re-entry in the folks if you're if you're following the 618s like we do and they go up there and they just they just kiss those numbers in other words the number of the high of the day is 1982-90 and it goes to 1982-3 1983 and it doesn't go any higher than a dollar or so that's just that was just people fishing for stops because they know where these stops are out there they're not going looking for them they have assumption of where they are but we have such great data now remember when I did this we had to do all this stuff by hand we didn't have data like this till 1983 yeah I know that was 40 years ago but by golly back in those days all we had was the Reuters machine and we had to keep it by hand so you just got to be be really careful the thing is is when they go smashing through the 61% retracement by three or four dollars in gold that's a lot and then you know probably wrong but I'm just basically risk averse that's all I'm doing if I got the S&P working if I got the natural gas working and I had gold working and those were the main crude oil working I've had all those working nicely for me why do I want to expose myself to any risk and that's really what I'm looking at so what we're going to do now is we're going to have Jeff huge as our guest tomorrow so live every day in an attitude of gratitude may god bless