 The following is a presentation of T-F-N-N. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now Larry Pezzavento. Okay, looking good. Billy Ray feeling good, Lewis. We're going to take a look at the German Dax as we usually do. We started out looking at the daily chart, and then we're going to follow it up right now by looking at it on the smaller 15 minute chart. You can see the patterns. They're very similar to what we see in our market. Sometimes they go the opposite direction, but that's neither here nor there. Now today at the break, at the half hour break, Dr. Steve Shapiro's going to join us to talk about old times. And one of the questions that someone posed to me today was what was some of the major turning points in my trading life? And I think one of them for sure was Dr. Ruth Miller back in 1986. But again, in 1988, I was speaking in Chicago at the money conference. And one of my students from Switzerland, Marcus Nix and his partner, Matt Helmlach or something like that, Matt with his first name, came running up to me and he says, you've got to go in and listen to this guy talk. He said he really uses Fibonacci numbers, really great. And so I went in, I walked into the back of the room. There were about 150 people there. And Bryce saw me. He evidently knew who I was from a picture or seen me in the hall or something. And he yelled at me and he said, hey, why don't you come down here and learn something? He said, Larry Pesavino's here and everybody started laughing. So I walked down and I sat down in the first row and he's a very charismatic person just like Crocodile Dundee. And so I started listening to him and about 10 minutes into it, my eyes were so wide I just couldn't believe it. He spoke for about two hours and he was showing his Wave Trader program that showed how these patterns fit together and how these things line up. And then he had them on a scale of one to 10. In other words, if the market hit a 10, that meant that all the cycles and all the patterns were lined up. And whenever a 10 came up, it was a high probability of the market turning over. So I listened to that for a while. When we finished, I walked out and I chatted with him a little bit and I said, what are your plans here? He said, well, I was going to do a little touring here in the United States. I thought I might go to California. I said, why don't you come to California and stay with me? I said, I've got a trading house there in Pismo Beach. Jim 20man lives there, but Jim is not against having a guest. So we've got a really nice place. It sits over the Pacific Ocean. And you can visit us with us. And he said, well, I think I'll do that. And so he did. He came out. And what was really strange was he came out and I picked him up at the sand. I was picking him up at the LA airport because I had to go down there and see my daughter. And I said, I'll pick you up there. He said, no, no. He said, I've got to go buy a car. I said, what do you mean you got to go buy a car? He said, I'm going to the LA auto auction. I'm going to buy a car and I'm going to drive it around until I don't need it anymore. Then I'll sell it and make a profit and go home. I said, you really feel strong. He said, that's my business. He said, I know automobiles. He said, that's how I paid my bills for many years. He said, I would come to the United States and buy exotic cars like Mustangs and Cobra's and not Cobra's, but the old classic cars and stuff. And he said, I could sell them. And he said, I was very good at that. So I don't have to rent a car and I can make a profit on it. He certainly did that. He stayed with me from 88 through 94. He was there at least three to six months every year and had a great deal of fun with him. But he was really, really very eccentric. Some of the fun things that I, what he did and showed me was how the relationships. I understood easily the 618 and 786 and 382 and all of that. But what Bryce showed me was how 1.27 and 1.414 fit together to line up these patterns so that you get a lot of multiple numbers coming together. And when I saw that, I just literally, it just changed the way I looked at things. And in fact, I've always mentioned every time I've had Bryce in the office, I'd never had a losing day because we were running the things on the wave trader and I was able to see what was going on. Now, when Bob Miner would come up to visit us, he's another Robert Miner. He's an Elliott wave guy. Before he met Bryce, Bob Miner was again aficionado and very good at it. He did a great job. But after he met Bryce, he started to do his work with the thing that now has become the dynamic trader, which is a small offshoot of what the wave trader program was. But I haven't seen anything as good as the wave trader program. The problem is Bryce in poor health now and he doesn't really follow through from what I've heard some of those things. So we'll see what's going on. Some of my fun stories and what Steve are coming out today, I think he was in the room when it happened because Bryce lived with Steve and his mom, Mumsy, for a couple of weeks once when there was, we had a whole bunch of guests at the trading house and it was filled for a couple of weeks. And while he was here, he had come in early. And so he stayed with Steve and Mumsy for a couple of weeks. And so we were in there trading and he didn't have an account because he couldn't have a commodity account being from Australia. So I let him trade out of my account. And so he was in there trying to trade bonds and trying to trade bonds. Boy, that's the other statement of the year. And he said, let's sell some bonds here. He said, I put a stop at, I'm going to sell them at 10903 and I want to put a stop at 10904. And I said, that's ridiculous. I said, you can't put an order in like that. He said, put the order in. I said, okay, so how many do you want to do? He said, I want to do eight. I said, so I solely made these bonds 10103 and it took like an hour and a half for them to get filled. They would hit 0102, 102, 102, a pop at 103, but no trade. And then they went up to 103 and stuck there for about 10 minutes and we were finally filled in and backed off to 102, 101 somewhere around in there. And he was getting ready to go to play golf. And I asked him, I said, you know, I said, that's a pretty tight stop. And as I recall, Steve was there with me and he said, look, he said, if those bonds hit 10904, I'm going to take all of my books and I'm going to go down to that pier right here by the house. I'm going to throw all those books into the Pacific Ocean and I'm going to drive down to LA and I'm going to buy a few cars and I'm going to go back to Australia, never to be seen again. And I said, you got to be kidding. I said, you really feel that strongly about that? And he said, yeah. So anyway, I put the thing on. He was getting in his car. Mr. Z was beyond my comprehension too. And I hope Dr. Steve remembers it. Because I'm going to ask him because I think he was in the room because as I recall, I don't remember exactly where we were. We were at the top of the hill or the bottom of the hill, I don't remember. But that's just the way he was. So I asked him, I said, tell me why he said it's beyond what you would be able to understand. And I said, come on. And he never did tell me. And I think I figured it out. It's related to 1.618. But I'm not sure. Well, anyway, the funny part of that story is he was getting ready to go play golf with a couple of my doctor friends. And he was in the driveway. And we were on the second floor. And he held up and he said, where are the bonds trading? And I said, hey, they've had a pretty good break here. I said, they're down about a half a point. And he said, let's book it. And I said, that's what you want to do. And he said, yeah, book it. So I booked his $2,000. And I'll tell you what happened when we get back from the break. 877-927-6648. Headed 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. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the Taz profile scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money back guarantee so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today and you'll find the Taz profile scanner under the Services tab. Sign up today. 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And as he was driving away, and as he was driving away about a quarter of a mile up the road was the stop sign that turned ahead to Pacific Coast Highway 101 to take him up to San Luis Obispo Country Club where he was playing golf. Bonds dropped another full point. We were down a point and a half in about, oh my God, and there was no report. They just dropped. And so that night, of course, I lived in San Luis Obispo. And so that night we all met at our usual haunt, which was Jaco's Steakhouse there in Napomo, California, the best steak place in the world. And there were about seven of us there and Bryce came in and he said, dinner's on me. He said, I had a great day in the bonds. And Steve was, I think I'm pretty sure Steve was sitting next to me and he just looked at me. And of course he picked up the check and everything. I never said a word because I was afraid that, you know, he would turn white. And anyway, the next morning he came in and now bonds were down three full points. They dropped to the first day and another point the next day. And that was it. Nothing more was ever said about it. But I'll tell just a few stories about him. He taught me so much just by looking at these markets. Boy, when he came up with an idea, boy, you better pay attention to it because he flat out knew what he was doing. But anyway, we were having a seminar in Los Angeles. And Rich Anderson was there. There were 16 people that had come in to trade with us for two days. They paid it quite a bit. I think it was $3,500. But it was guaranteed they had to make money on the two trade. We were trading live. It was on like a Thursday, Friday. And so I was there Wednesday all ready to go and everything. And I get a call about one o'clock in the morning from Bryce's friend, Gary, who is from the UK, from Australia, but lived in the Merinadel right there. And he said, hey, man, he said, the mate's dead. And I says, what do you mean? He says, Bryce, he says he wrapped his car around a telephone pole. He's deader than a door nail. And I said, oh, you've got to be kidding me. He said, nah, he said he's gone and he hangs up the phone. And it's like one o'clock in the morning. I said, oh, my God, I got to do this thing myself. I said, I'm worried about Bryce and how to tell his ex-wife and his kids. I called Rich, but I couldn't get through to him. And so the next morning I got down there real early. We were starting like at 6 o'clock. I was down there about 5.30. And we were getting everything. A few people came in and I was telling them. I said, we have a problem and I told them what had happened and everything. And so we would start to trading at 6 o'clock, about 5 to 6, in comes Bryce Gilmore. And everybody's, ooh, what's happened? And it's what's wrong? And I said, well, Gary called me at 1 o'clock in the morning and told me you'd wrapped your car around a telephone pole and it was dead. He says, ah, he said that guy hasn't told the truth since 1938 or something like that. I don't remember what the day was, but anyway, that was one of the things that I had to live through. Another one was in Chicago. We were doing a seminar with Mark Douglas. And we had about 20 people and a couple of the hockey players from 1980 team were there then. And we had a really great time with them. We'd been out. And it was, we went to a really famous place there in Chicago, Jean and George Eddies. And we bought, oh my gosh, I don't know how much money we spent. It was, I think the bill was over three grand. Yeah, way over three grand, as I recall. And one of the things that Bryce did is he had, yeah, he was a king of the practical jokers. That's for sure. He, they had these beautiful sterling silver knife sets. They were like 400 bucks a piece. And he bought a set for everybody at the seminar. I mean, I just, that's just how eccentric he was. But he had been in several big accidents over his time, auto accidents, because he drove extremely fast. And one of them, he lost his eyesight, but he was still playing golf and relatively doing pretty good. And then a few years ago, he had a really bad experience with another auto accident that caused almost a loss of his other eyes. So he's pretty much, he can't drive anymore. And he, he's still living in Queensland. And he's had trouble with a couple of family things that didn't work out the way that he wanted them. But boy, the guy's really smart. He's, he really knows geometry and all that stuff. We were able to meet Clarice Garrett, the wife of William Garrett, who wrote torque analysis. But Bryce, that was one of the things that it was, I forget what it was, 90, 92. He woke me up at like 11 o'clock at night because I had sent him a copy of page 89 out of Garrett's book. And it was basically a Fibonacci spirals that expanded all the way out to pie. And he said, where'd you get this diagram? I said, well, out of Garrett's book. He said, I want to see the book. And I said, okay, I said, I'll send your copy. He said, no, I want to see it tomorrow. I said, well, the only way you're going to see it tomorrow is if I go over to the university and, you know, print out the copies. And this is before we had the fancy stuff, folks. And it was 287 pages. And he said, I want it today. So I went up to university, left about one o'clock in the morning, had it copied and faxed to him so that he could have the whole thing. Oh, it must have been eight, nine hours later. He calls me back and he said, I'm on my way to California. And I said, why? You weren't supposed to come for another month. He said, well, he said, I called Hawaii. He said, I found out that, you know, Clarice Garrett was still alive. I called her and she told me about her husband and what he had studied and stuff. And that his book collection was given to the University of Hawaii. And it was stolen within one week, every single book that was there. And he said, I wanted to know more about the man. And he said, I've invited her to come to California and visit her brother who lived in Fresno. So she's going to spend a day with us in Pismo Beach. And I said, well, it sounds good to me. And so we met Miss Garrett and she told us that her husband never traded. He worked for Walston and Company. He was a good friend of none other than Ross Perot. And he basically handled. He was from a family of Iowa farmers, third generation. And it certainly was a, you know, a real pleasure meeting here and everything. But he never really traded. All he did was clip, you know, bond coupons and stuff like that. But he really studied the market. That's all she ever did, much like what W.D. Gann did. Now, I don't study as much as I used to because, you know, first of all, some of these guys are so smart. It's really, I've never led a boring life. That's for sure, dude. I've been very fortunate over these years to meet so many people that have been so, so much fun. And you're going to meet one of them here in a little bit. Steve Shapiro is one of my really dear friends. He's always had my back as I have had his. And he's just a super guy. And I was very, very close to he and his mom very much. Okay. We got a call here from New Jersey. It's me there. Hey, don't be so modest. You're pretty smart guy yourself. No, no, no. We got to pay a few bills here. You know, we got commercial time coming up. Hey, Steve, do you remember, I don't know if you were in the room or not. You were there the day when Bryce sold those bonds at 103 and said they would never get to 103.1 or something like that. Do you remember that? Yeah, Bryce was amazing. He worked out was really terrific. Yeah. He said, if those bonds get to 103.1, he said, I'm going to take these books out and throw them in the Pacific Ocean. Yeah. Anyway, listen, what we're going to do is pay a few bills here. We're going to come back and then tell the folks, you know, how we met and all that stuff. So I can't even remember some of it. It's been 33 years ago. Can you believe that? No, no. Yeah, 34 years old. Yeah, you're only 49. You were 10 when I met you. We'll be right back with Dr. Steve, folks. Larry Pezzavento has just started his brand new service, Fibonacci 24-7, and he's already delivering content to his subscribers on a 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. 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Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Folks, we're back and we are going to walk down memory lane with my good friend, Dr. Steve Shapiro. Doc, I'm going to put you on the spot here. Let's go back to Shell Beach in the apartment where we first met, I believe. You came up to start watching me trade. You want to tell the folks some of your memories that we had? And they will probably expand on Bryce and Mark Douglas and, you know, some, because you were involved with, and especially Dennis Regan, you know, with the Artificial Intelligence, because you're the dude that started the whole thing. Go ahead, Steve. Tell us what you remember. Well, I remember you would always say, take what the market gives, not what you're looking for. And that really was a big help to me to stay with me. And I remember one thing in particular. I made a trade, was trading crude oil. I wound up the trade in 26 seconds because I followed our patterns that we were looking at. And the market was moving. Something happened in the news made the market really take off. The market is, they trend as your friend. So I got into the market. And in about 10 seconds there was something like a $400 trade profit. So I decided that take what's there. I wanted to get out of the trade. And by the time I got my finger onto the button to get out of the trade, I had to drop down to $150 profit. Total elapsed time when I called, because I was sure it was 26 seconds. If I had waited 10 more seconds, it would have been negative. So that was the best evidence that I saw of taking what the market gives, not what you want. Take what's there. So that was fun sitting next to you and trading. And I remember in the beginning, I remember sitting next to you. And I think you were trading pork bellies. And you were looking at the charts. And you made 10 or 12 consecutive trades, trades that you would have made. And you just pointed out and I would ask you, I said, why did you do that? And your answer was, do you remember? It's the right thing to do. That was before I had really studied the patterns that you had shown me. And the Fibonacci patterns always seemed to work to a greater or lesser degree. Yeah, they certainly did. Nothing worked on the percent of the time, all the time. But I think it was fair to say that in 75% of the times I traded, there was some profit in the trade. It was just a matter of being smart enough to take it. You were with me when we were in that pork belly contest that I ended up winning at the Merc. They had a pork belly traded contest and we did some of that. Steve, one thing I do remember that we jatted about once in a while is the one trade I did after being on the phone with my ex, if you remember that. Oh, yeah. You want to tell the folks a little bit about my short girls? Yeah, you made a trade. You said it was a bad trade. I said, well, what are you going to do? You said I'm going to get rid of it. And the moral of that story is if you're not feeling well, don't trade. Yeah, that's right. It was a certainly effect to me. That's for sure. Part of the time, folks, when we had students come in, they would go down to Steve and his mom, a mom's title mom. And mom would always make breakfast for us. Do you remember the heart surgeon from New Orleans that came out to visit us all three or four times? Yeah, he said the dog was going to die. Yeah. What kind of dog was the Sultan? What was he? He was Chihuahua or something? He was a Pomeranian. Oh, Pomeranian. Anyway, the dog was about two, was he about two pounds? Yeah. About six pounds. Yeah, about six pounds. And I think it was Dr. Stone. Dr. Stone said that's the only dog you ever seen that could eat half his weight in bacon. And the little guy could really put it away. That's for sure. That dog extended your mom's life about, oh my goodness, probably six or seven years. I would think she lived to be 97, didn't she? She died 10 days before her 96th birthday. Wow. I remember on Friday, I used to do the newsletter. And every Friday I would take her down to Santa Maria where we had the fairgrounds. And they had off track betting there. So we would play the horses on Friday so I could write the Astro Cycles newsletter. And on one day, we always said at the same table at the back, I was up talking to someone and I came back and one of the old timbers came up and was trying to put some moves on your mom. And I walked up to him and just jokingly, I said, hey, get your own girl. And the guy ran out of the place. She never did forget that. She lived on that forever. Well, he never liked that man to her. Yeah, that was really funny. She was really sweet. Steve, tell me how you met Dennis Regan because he's the one that started me and an artist official and tells us you would get faxes. You sent me up a fax. You brought a fax up the hill from your house, up the hill. And that was back in, forget the number. But how did you meet him? Actually, he made some mailings. He sent out the recommendations and said, try them and see if they work. And that was how I followed, I didn't make the trades, but I followed some of his recommendations and they seemed to work. That's how it all started. And seeing what he was doing. And I wrote to him and said, I'd like to know a little bit more about what you're doing. And that's how we got started on the artificial intelligence. You never went to Bakersfield with me to meet him, did you? I don't think you ever did. Dr. Jimmy went over a couple of times. Also, do you remember, Steve, when we first started working with Bryce in the Wave Trader? Oh my God. Tell the folks about that. That was really cool. Well, he developed a program that was able to chart the phases of the moon. And it really worked beautifully. And what I did, I used that chart. I checked all of the grains. And as a consequence of laying that chart over a weed chart, there seemed to be a reasonable correlation. So I did some back research, got data from Jim Toyman. And it seemed like there definitely was a correlation. So that's when I wrote the program. It wasn't really a program, it was just a technique for trading the moon. A trading wheat using phases of the moon. There were two trades a month on the new moon and the full moon. And I remember starting at the January 6th of that year and made 12 consecutive trades that were profitable. And the 13th trade, if I would have done what I should have done, it would have been profitable too. I think at that time the cost of trade wheat was about $600 per contract. I don't know what it is now, but I know it's a lot more. And I made $3,000 in one month out of those 12 trades. And I traded it and I left California to come back east to accept the teaching position that was still trading. And it still works today. It doesn't work during the summer months for some reason. But 10 months out of the 12 months of the year, it's very, very accurate. And I don't know why, it only works with wheat. And I thought this was really a great thing to do. And then I find out that people have been trading using phases of the moon for 100 years only wheat. Yeah, I know some people certainly do do that. Do you remember some of the great meals we had down at Jaco Steakhouse? Hey, James, could you stay with us for just a little bit longer, Steve? Sure, sure. We're gonna pay a few bills, we'll be right back with Steve Shapiro. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. 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Steve, what was the name of the bar there that John Madden owned? You know, the football coach, San Luis Obispo. What was it? Do you remember it? The bottom of the hill? I can't either. It was where the bikers used to hang out. And you're asking about some of the funny things that happened. I remember sitting there. I got one for you. Do you remember Bruno? Oh, sure. Bruno. Yeah, Bruno Libertary, my god. Tell the story about it. Let me start. Bruno was one of my students. He would come in, and usually students stayed two days with me, and we would trade up at the trading house. We'd go down and have breakfast with Mumsy and Steve, and then we would trade. And he stayed with me the whole week. He was really having a hard time. He was a plumber from Connecticut. And I worked with him all week, and finally at the end of the week, I said, Bruno, I said, just, you know, my hands are tied. I said, I'm just not getting through to you. So, you know, try it for a little bit. And if you can't do it over the next few weeks, you know, let me know, and I'll send you your money back. And so I left, and Monday morning I came in, and about 8.30 Steve and Bruno came in. And I looked around. You took him to the airport, but you ended up going to your house, didn't you? And he stayed with you. Is that correct? Yeah. And finally, you know, Bruno started, go ahead. You got it from there, Steve. What happened? Because it was a surprise. Because he wanted to trade the S&P, but he could not trade it well. He kept losing money. I said, why don't you try it our way? He said, I don't trade that way. I said, do you make money? He said, no. I said, why don't you try it our way? And he just couldn't get it. I said, Bruno, let's try it another way. Do you like girls? He said, oh yeah, I like girls. I said, imagine something. This will explain harmony of the markets to you. Imagine that every morning at 8 o'clock, a beautiful blonde in a flashy red convertible passes by your house as you're getting ready to go to work. If she did this 10 days in a row, you don't know where she's coming from. You don't know where she's going. Would you be willing to say there was a high probability that she might be willing to do it on the 11th day? You said, oh yeah. I said, that's all harmony of the markets is. It's percentages. Something that has gone before will happen again. Just like the beautiful blonde. Oh, is that all there is to it? That's how she learns to trade in some things. Yeah, and the sequel to that is about 15 years later, I'm sitting here in Tucson, and I hear this real expensive car pull up into my driveway. And I go out and look, and there's Bruno sitting in a beautiful yellow Porsche convertible on his way to California. He had his own little fund where he only traded corn. You remember Steve, that's all he ever traded was corn. Yeah, and he did really good. So I never heard from him after that, but it was certainly great. Hey Steve, I want to thank you for joining us today. We'll have you. And by the way, if the folks want to reach you to talk about that wheat, how would they reach you? Call you at your number or something, or what would be best? You can give my number. It's okay. I don't mind. If they want to talk to me, be happy to talk to anybody. Okay, I'll put the number in the room there if they want to take a look. His number is 609-702-9643. 9346. 9346. That's what happens when you're dyslexic. It's 9346. 609-702-9346. Steve, thanks for joining us, buddy. And I'll talk to you next week. We always do. You bet, brother. I love you. Take it easy, and I hope to see you when we're in Philadelphia. By the way, when are you coming to Philly? The way things are going, who knows? Probably maybe Christmas time, I'm hoping, but we'll have to wait and see. Okay, thanks for joining us, pal. You bet. Okay, folks, you bet. All right, let's move on to talk about the markets a little bit. Someone's asked me a question about this big pattern that I was seeing in the Dow Jones, and it just doesn't want to roll over. Well, that's not because I've done something wrong. My timing is not worked. It's not worked. I mean, it's just not, but the pattern is still there, folks. There's nothing different about that pattern. I'm going to give you my two cents worth, and then we will see what you think about it and that we'll not worry about it too much and get it up here. And we'll take a look at it. All I know is for sure, all righty. When this thing is over, you see where it's trading there at right around $27,800. $27,000, whatever it is. You see that low down there in December? December 26, we're going to take that low out, and we're going to do a 1.618 expansion of that low. That's going to take us down to about $17,000. We're going to drop that much. I don't know when it's going to happen, but when it starts, the market's going to tell you. It's going to ring the bell and say, uh-oh, there's just too much complacency out there. I don't know what's going to cause it. I believe it's going to be related to the bond market because this thing is all relying on credit. I don't know if it has anything to do with the terrorist activities that we're seeing in Chile and Spain and France and also in Hong Kong. I'll tell you one thing, if you see people starting to throw Molotov cocktails here in the United States, there won't be any prisoners taken. The policemen will shoot them. Someone carrying a Molotov cocktail is like someone carrying a machine gun, folks. Let's get off to the races and forget about that and move over to the bond market. I want to take a look at that one. Here is the bond market. We've been waiting for this rally. We've now rallied just about three handles. There was the ABCD pattern. I believe we've got above 58 today. So that tells us that we have at least completed that bottom. Any move below 155 now, folks, after a small rally is going to be extremely, extremely bearish. It really is. Now, let's just look at one other thing that Byron Tucker sent to us. This comes from Statistica out of the Federal Reserve. Let's take a quick look at this. This is the amount of credit that's in the system. We'll get up here and you'll see where we're looking at here. You're looking at $13.9 trillion. You can see the amount of credit card is really relatively small. Morgie's, of course, has to be huge. And the whole equity line of credit doesn't mean too much. Look at the student loan compared to the automobiles. My goodness, that's just amazing. It tells you that these kids have overpaid for their education. At least that's my natural gas. Natural gas is one of the ones we wanted to look at. And I did a chart. I think I did a chart. The question is, oh, I don't have the natural gas. All I know is a natural gas. Yesterday made that low. Today made a 61% retracement last night at 270. And now we're trading a little bit below that. But here's what I wanted to talk to you about because someone asked the question and I want to, uh-oh, I've got the natural gas here. Sure it is. Let's get it up here. Here we go. We'll get this up here and you'll be able to see it. Last night's high at 270 was an exact 382 retracement of that high we made. Now, if that's only a two-day rally and the market turned down from there, it's really going to be. Ruby, I don't have time for sugar to sweet. I just been swamped doing everything else so I have not been able to do that. Is it trading? Is it going up a little bit? It should be up around 1270, the March sugar. The last time I checked, it looked like it was heading towards that area. But you know what I'll do? We've got a break here. And when we get back, I'll get up sugar to sweet and I'll put it in there for you, Ruby, because you're always there. We're on the right track. So I'll update that chart. And when we get back from the break, I'll be able to be able to take a look at that for sure. Remember, folks, I'm not going to be here tomorrow. It's old pin cushion day to see the old get the old tests in order. But we will be back on Monday. We'll have some guests next week. I haven't lined them up yet, but we'll certainly try to get some of the usual people. And we will have David Paul and Tom Hougard on next week too. But they're in Frankfurt for a natural meeting. May God bless and we'll be right back, folks. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we tigers and tigers share. If you're 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, I've been making 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 do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to. Sign up today. If you haven't checked out the Newsletters page of TFNN.com, what are you waiting for? All of the TFNN Newsletters are informative, up-to-date, affordable, and 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. From all aspects 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 Educating Investors Basil Chapman has just announced a live 90-minute webinar he'll be conducting for subscribers to his daily trading newsletter, The Opening Call, which will be taking place Tuesday, November 19th from 5-6.30pm Eastern Time, titled A Comprehensive Review of the Chapman Wave Techniques and Market Outlook Ahead for 2020. This is a great time to sign up for a 30-day free trial to the Opening Call while gaining access to Basil's live subscriber event taking place later this month. With some stock picks up 15-30% this year alone, Basil will review many of the Chapman Wave techniques that helped in their successful analysis, as well as providing the sectors and stocks that he thinks will be of importance heading into 2020. For all the details, check out the Opening Call on the front page of 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 Ok folks, we're going to take a look at Sugar for Ruby the Great. Ruby, this is working out really good for you here as you can see we had that three drive to a bottom pattern and you had a perfect symmetry you can see between the lows it's just absolutely as near perfect as it could get you had the expansion then you had the Gartley pullback and now you're on your way up I think we're looking at somewhere around 13-15 to 1400 in the Sugar and then you'll have another correction but this has a potential for a big move Ruby because of that triple bottom that three drive pattern that we had there so pay close attention to that and we know some of the markets are starting to hold now with this thing about China and all this other baloney that's going on the grains have held up relatively well keep an eye on the March soybeans folks remember we talked about that early in the week down around that 920 level excuse me around 910 in the March soybeans should be a very nice Gartley forming and do the work yourself as 21 says and then you'll be able to you know get it working so that's what we're watching so far I hope you enjoyed listening to Steve it's been a long time I don't get to see him very often but we chat a lot but I don't get to see him very often but he's certainly a super guy and really really nice guy he taught at Drexel University where he went to school he got a double PhD and he taught at Cal Poly San Luis Obispo for several years and that's how I met him he used to come into the office and trade with us and he knew everybody did everything so it's been around me been around a great time and I have a lot of fun times with him and stuff but if you need to reach him I posted that I'll put it in a room here because he's fun to talk to because he's pretty much retired now and he does have time to chat he won't chew your ear off for anything but he has some good ideas 702 it's 9643 and there we go so that's what we're looking at right now so that's what we're watching so live every day in an attitude of gratitude and may god bless