 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis. We're going to cover some other things that That are important. Well, everything's important, but this is one on natural gas. This is the daily I want you to notice here. What we're looking at here is strong support You notice that we're coming down now What we're going to do now is we're going to go down into a smaller time frame to try to find a pattern That will line up to tell us that yes Maybe this would be something that we get interested in and so what we're going to do is we're going to go to the four-hour chart And we're going to bring it up and this is how I set up a trade most of you already know how I do this But there's the four-hour chart. You can see The ABCD up here at the top Okay, and now you see the corrections that we had there's a 3a2 here 3a2 here You can see the market coming down and it's getting really close to this level right here, isn't it now The 50% didn't hold it the 61% Didn't hold it and will the 78% level hold it. Well, there was no ABCD here And there was no ABCD right here So we want to find out if there's going to be something Right at that spot that's going to give us an idea that yeah, maybe we can take that risk So what we're going to do now is we're going to go down with our little tiny microscope that I got from Louis Pasteur When I helped him solve the uh, what did he do infections? I like Pasteur because he said chance favors the prepared mind. That's one of my favorite Quotes, okay, here's we are with a hourly chart now From four-hour to the hourly and now you see guess what we have folks We have a beautiful three drive to a bottom pattern. Look at the symmetry here ABCD right in here. Guess what this is This is the 78% level that we saw on the chart So now do we have the 78 plus we've got a bcd coming in right here You can't ask for anything better. This is a picture of the wheat market folks And we also what wheat market wheat we went from 604 all the way up to five six 53 almost 50 cents in In two days So anyway, that's what we're going to be watching here tomorrow So that'll be something that I'll put on the video tonight and say, okay This is something if you like natural gas and natural gas trades a lot folks. I mean huge It's in the neighborhood of crude oil. So this is not This is not something to take lightly. It's it's the real the real thing and it's good swings great stops I mean it's it's it's a real it's a real event. So if you haven't traded natural gas before I would take a look at it because Well, first of all these patterns don't work all the time, but when they do they work pretty good Now here's that same pattern In the wheat I'm just going to get up The only difference is is one is wheat and the other is natural gas But you'll see here There it is. There's your there's your drive one right here Drive two right here drive three right here. There's your abcd Bada bing bada boom. It's went off the top of the chart Went up to 653 today folks Straight up. I mean that part of that of course may be short covering, but that's neither here nor there That's where it went to so let's uh, let's keep an eye on that too for the next couple of days because a little pullback Tells us that we're most probably getting ready to be a buyer Now Go to repeat a couple things here paula web will be my guest again here in a little bit But uh, this is the one you want to focus on folks. I keep knocking on the door here, but This is the kind of door you like to have believe it or not. This happens to be the euro On the weekly chart and we'll get it up here so you can see it There it is. So we've hit it three times in the last few days The exact 61 percent retracement of the high going back here a little over a year ago Look at the beautiful patterns on the way down a b cd abcd there again is the three drive To a bottom pattern folks The three drive to the bottom pattern is my go-to pattern when I have a really bad run of luck And luck is when you're not prepared. I understand that and I do have those So when I have trade when I trade poorly, which I more often than I'd like to admit The thing that I like to go to is to go right back into that three drive to a bottom Or three drive to a top and the reason is is when you get to this spot right here All your decisions have been made You buy it and you risk a small amount because if it goes beyond there That 1.618 level you flat out wrong and you have a zero chance of picking up any bread on that one So let's uh, let's remind ourselves of that. Okay, so there's what we're watching right here in the euro Now looking at this on a shorter time frame. I keep repeating myself But repetition is the mother of knowledge and the father of invention. Let's get this up here So you'll be able to see it. This is it on the four-hour chart Because then you can see about six weeks of data in here There we are look at you can see I didn't do all the abcd's in here But there's they're all in here But I just did the main one because that tells us we're up into this area. We've hit it once twice Three and now today it hit it again and now it's reversed quite a bit We're back down into this level right here So this is tell us but if we do get above there if we go smashing above it and we close above it That is going to be extremely bullish now. Remember the s&p when we were at that 4206 level uh on uh the 26th uh last wednesday How long was it there folks get your stop watch out? It wasn't there more than two minutes That meant that that was not a breakout that was just stops getting hit And those stops are protected. I mean no one's out looking for those stops But they that's where the market will go to and what there's nothing there it reverses and of course, you know the market reversed So that's what you want to do if it breaks out to the upside and if it does Then you've got to say all right this thing can go a long way And you don't want to stand in front of it. That's the That's the main thing now. Let's go back and talk about crude oil here because this is a something that very unusual happened here in the crude oil last night because it market dropped after the market Was in the secondary market in the evening we dropped from Drop four dollars a barrel folks to take out the lows here of march Okay By just a little bit and then it reversed And it reversed all the way up from 64 up to 69 and jumped five dollars a barrel Hey after it's down so much you expect it to be down But the thing was if you believe in the 3a2 which we do I want to bring up the 3a2 here now in the That in the crude oil and you'll be able to see it stopped right at The 3a2 level right here and now it's going this gives us a price objective up here Which is quite a bit higher but uh 10 dollars off the bottom But at least it hit the exact 3a2 now if this fails Then all bets are off and we're going to be going Down but right now that hit it and rallied two dollars a barrel or two thousand dollars so Very very important to follow the patterns when they work and when they don't work don't follow them Go look at something else. Let's take a break eight seven seven nine two seven six six four eight Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out teddy keg stats tiger forex report Teddy keg stat 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 when you sign up for the tiger forex report You also gain instant access to teddy 60 minute webinar archive He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today Visit the front page of tfnn.com tfnn educating investors Tfnn has just launched their new trading room the tiger's den hosted at discord Tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the tiger's den available to all tigers and tiger's for just one dollar for the year There's no catch or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tigers den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Are you looking for a way to consistently add winning trades to your portfolio? Tom o bryan is here to help Tom o bryan has been successfully trading markets for over 30 years A frequent contributor to td ameritrade network and cnbc Tom o bryan 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 bryan'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 O bryan has won 877-927-6648 internationally at 727-873-7618 Okay, folks. I've put up a chart here of a three minute chart in the s&p Someone asked the question do these patterns work on any time frame and the answer is yes Because mandel brought when he talked about his fractal analysis, which he's the father of Everything depends on this A b c d pattern all you have here is a smaller a b c d pattern coming in right here and that forms another a b c D to the upside that's really what you're That's all you're following. There's other a b c d's in here, but I just wanted to show you the really clear ones That's what you're supposed to look at when you're trading is find the ones That are very very easy to see and put those on Right now. There's not too much that's easy to see in here. Sure. There's some a b c d's, but they're not clear like these are So that's why you want to focus on that. Okay Very very important at least from my perspective. That's uh, that's the way I uh try to try to look at things So I don't really have anything more to say than that um, I've been asked to Talk just a tiny bit more about that german dachs Try trade that was up here earlier today And then I'll also do the footsie since we're going to redoing these again. Paula Webb will be my guest at the break But here is the uh, this is the german dachs Tom who guard trades this uh every day You can see the a b c d patterns that are here. This one comes in Right at the 61 percent retracement Then the market goes up and makes a very strong a b c d Stops right there and and look how often it stays there folks It stays there for well over several hours That's either distribution or its Distribution or accumulation But this one was distribution the reason why you know that Is if you take a look at the four minute chart You'll see that the market had a very substantial break to the downside in typical a b c d there's your a b c right at your 61 And then down and then you had a very good rally In fact, this rally right here stopped right at the 61 percent retracement was equal To this rally right here. In other words, if you measured it up To there and moved it over And measured it here and moved it over it would stop right at the 61 percent retracement. So That's how you start to look at them Interday I I just try to prepare the trades and I'm trying to find and when I put those on those are the ones that I try to I try to look at and I had to read I'm going to bring this chart up here because I think the chart here that jeff sent us On the dow Jones emini is extremely important and I want to bring it to your attention again Here it is is what we're looking at There is the one three five pattern folks. This was given to me by Roy Longstreet and his son bill all I did was help them with the ratios They watched the time from this high to this high to this high Is where you would expect the market to reverse and that's exactly what's happened Now what's happened here? You see we had this big up move then the down move then the up move So everybody that's bought it here in the last two days is now setting underwater So all the market has to do is to close sharply lower today or tomorrow And they're going to trap a lot of people and that's going to make the market Accelerate to the downside and you can see here After point three, there's point one. There's point three. There's point five There's where the big drop happened now if this drop equals that one You're talking serious money down in here. Of course that will lead to what we think will be Very very bullish scenario On a longer term basis now. Let's look at another one that Cb told us just chuck was kind enough to send us this chart This is the sp y and this is not this was earlier this morning and it is not It's rallied of course from there, but it's done a perfect abcd pattern. That's exactly what it's done And I remember this is the cash s&p So it was perfect. It stopped went down below these lows by just a little bit and stopped this makes We get really strong today folks. We're going to go higher And that's the whole key is to watch it because if it does that It's going to go a lot higher not just a little bit higher But a lot higher probably way above that 42 4206 that we saw on friday very very important to Pay attention to that I wanted to go over one other thing and that is that gold trade That I did yesterday because it was absolute perfect trade It well it was even though that it Didn't make any near near what it could have been if I'd have been a buyer of the pullback But there was the number and the market backed all the way Down into this level right here. We backed off $17 that's one half the harmonic number and then folks it took off We got up to here right near the close and then right after the close they went into the overnight session and this thing jumped went up to 2081 that was $16 higher than my 78 percent level But I had taken some profits here and then I'd moved my stop to 41 I figured if I got to 2041 Late in the day it probably wasn't going to break anymore So my second one only made a few bucks on but out of the first one I did relatively to relatively. Okay, and I trade two Sometimes I'll take scalp them off. Sometimes I'll take one off But I'm here to make money and if I think it's time and I make a decision I try to find the ones that line up the best and those are the ones that I try to do That's uh, that's neither here nor there. So I hope that helps Because I am far from infallible as a matter of fact. There's there's just no question about that Let's take a look here at one market that is extremely weak And they just keep beating it up and they beat it up again today here. And that is the russell 2000 which is the uh small cap. This is one of the reasons why that banking index Is so bad because these are come from the regional banks These are the stocks that the regional banks led money to and as you can see here We were we're way down below here already folks We got down to this level whether we're going to close there and I don't know but look at this We hit the 3821 to three times Over a three week period and it couldn't get one tick above it Boy, if that wasn't telling you that the market was weak the s and p It went higher so to the nas so to the nasdaq and so to the dow Jones But not the russell and the russell is the second Most actively traded you got the s and p 500 first E mini and then you got the russell e mini then you have the nasdaq e mini and then you have the dow Jones e mini That's why when you're watching these things you got to be determined which one you're going to be looking at Take a look at the price of Microsoft folks msft that thing is only down three or four dollars from its high I mean, that's nothing. I mean that that's a tremendous Tremendous move here And and no follow through to the to the downside. So And I think microsoft I know apple has the earnings out today and of course I think 80 out of 80 percent of the time when the earnings come out that Stock gaps up, but the 20 percent that it doesn't that's a big thing to to remember here So stay tuned. We're going to have paul and douglas's. I guess tomorrow will be mike more More analytics. So we'll be right back The gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report tom o'brien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30-day money back guarantee. So you have nothing to risk subscribe To tom o'brien's gold report newsletter now at tfnn.com 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 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 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 tdm air trade 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 This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Okay, folks proud to say that we have paula tea on the line again paula tomosini web douglas pt tell me tell me the tomosini part. I I call i've been calling her pt since uh, oh my gosh. I don't I can't I spent so many years. I I can't even remember at work. I was born Yeah, well since you were born that's true Just being the teenager that you are now word is a tomosini Is that your uh Well tom tomosina was my mother's name and it's also my middle name And yeah, uh, I there was one time when my mother was over and you were you were in town And you said hey tomosini and you may not remember but my mother and I both Looked at you and said what? Yeah, my mom was like wait, it's tomosina And anyway, it was a big joke between my mother and I and she thought it was really sweet that that you uh had that Kind of affection that nicknamed for me. So she appreciated that well, you've uh folks uh paula and mark has entertained my family for Uh christmas and easter And thanksgiving for so many years. Well all the years we've been here together here, uh In uh in arizona and also uh in california, but bt. I don't know. I was just thinking about when we first met Uh, I was walking along michigan avenue I hadn't known you more than two days and I was bucking up on a trade I don't remember which one it was and probably an air trade But anyway, I had had lots of money in my pocket and I stopped at a louis vitton Store to buy you a purse because you kept saying you want the louis vitton purse And and I had no idea these things cost like 800 dollars You know, so you said one at 800 so I bought you this purse and uh, I don't know if you still have it or not, but by golly, I Walked in and I and I was when you were so happy to get it. I said, well, okay. It was worth it But i'm not kidding you paul. I had I had uh Reprecussions and the second thoughts of that for weeks 800 dollars for a leather purse. Are you kidding me? My mother would have rolled over in her grave I know that's uh, no, we've we've had some fun through the years. That's for sure Anyway, here's a question I have for you a person wants to start trading Of course, they won't start with the psychology part, which is the most important But if you if someone called you and said I want to be a trader. What would you tell paula? And you get you probably get these calls all the time, don't you? Well, yes, I do as a matter of fact and Obviously one of the things I ask them right away is if they have a methodology If they have a good platform or you know a system Um, I kind of go through the the nuts and bolts of it first And if they don't have a methodology, obviously as you know, larry, I refer them over to you Uh for some some training, uh, you know, hopefully and um Most of the time they have a good platform I would say probably 80 of the time they don't have a system and a lot and and the trouble is that a lot of new traders They want to create their own system But since they don't really know anything about trading It's really difficult for them to understand how to create a system so and I kind of usually try to talk them out of that but Gently but um, and then the other thing, of course, I just tell them, you know You need to at least read at least one of our books, whether it's the discipline trader or trading in the zone and If they really don't know that much about the markets then, you know Our third book the complete trader because that that kind of gives you the background on how the markets work together It talks about, you know price action volume open interest price movement all of that because most of today's traders if they're younger than let's say 40 They grew up on computer games and video games. So they are convinced that trading is just A computer game that they're they're going to attempt to beat So that that's a really big misconception these days So that's that's kind of the overview of what I try to impart to them How would the person purchase that book? Do you have it online or is it hard copy or how would they buy it? Well, all of our books are on amazon and barns and noble Obviously if they want a uh, a personally signed copy by mark douglas I still have some in inventory. Those are a little more pricey, of course, but um They they they were signed by him personally. So I do have some of those But yeah, all of our books are on amazon and barns and noble and if and if you have any trouble You know purchasing it or whatever Or they're out of stock just you know contact me Let me know the best way to the best way to contact you is polytweb.com or 760 636 4 2 9 0 i'm in the office seven days a week for you guys And anybody calls me from larry show gets the family and friends discount That's the you know that you know, we're really lucky though because we get to do what we like to do and uh And what I think confucius said find a job that you Uh really enjoy doing in your own vacation the rest of your life And of course we've been had that and we've traveled so many places together Uh, this just has been really really great. One other question I had here This is from somebody in wichita, kansas and he said he has a problem with his relatives Saying that he is nothing more Than a gambler that he should be playing blackjack or because it's something like that And I I tried to give him my what what would how would you respond to that? Well first and foremost You can't convince anybody who's not a trader that what you're doing is a worthwhile business adventure You're not going to be able to convince them of that because they have no concept of what trading is about Second of all, I know you'd love for your families To support you but you knew that going into it So You're just going to have to Not talk about trading You know call yourself an investor Which which they can understand and you can say well i'm investing in in our financial future And this is how i'm going to do it. You don't have to go into great detail Just say I am investing in our financial future and and that may that may help Well, I've tried everything else. I always tried people that hey, we've got jeff from new jersey on the line Jeff you have a question for paula? Hi larry thanks for taking my call. I wanted to tell paula about a psychological Aid that I came up with for myself that made a big improvement To my training and I I wanted to see what paula thought about Okay So The problem that I was having is that When i'm in a trade I'm completely focused on the trade and I have trouble Observing myself To catch myself from doing something I don't want to do like breaking one of my rules or Taking the type of trade I don't want to take But you know I did in my past so My problem is just I don't have a big enough brain to focus on my trade and to observe what i'm doing at the same time And then when the trade's over and I lose money, then I realize how what did I do that for that was stupid But if I could realize it before I took the trade that would be better So what I did was I I started a log And the log has why i'm entering the trade and also why i'm exiting the trade And so what that did for me is that when i'm Oh, are we breaking jeff? Yeah, I want you to stay with us We got another one. We want to continue with your trick for trading. This is important We'll be right back folks with jeff and paula t Tomasini web douglas on the line 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 in 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 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 Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis after all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from larry on market movement. 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If you trade china a shares now may be time to take a closer look trade chau or chad Directions daily csi 300 china a share bull and bear etf's china a shares in either direction Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at eight six six four seven six seven five two three The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz We're back folks. We're speaking with paul t web and also with the jeff out of new jersey and he has a Continue on with your trick to get you to do the right thing that I like that idea Okay, thanks um Right. So what I did is I started a log Which in which I would record why I entered a trade and why I exited the trade And what the fact that had is that when I went to do the trade it You know, I was mindful that I had to fill in that log And that triggered me to think about what I'm doing so if I uh Didn't want to take a particular kind of trade that I used to take When I went to take you know, I saw the opportunity on the chart and I went to take the trade And then it's like, all right. What am I going to put in the log? It's like, oh my god I'm going to take one of these trades again. I only go one two So I it prevented me and then also in exiting a trade Um, sometimes I would exit through the fear And not realize it until I was out My brain, you know would come up with a good excuse to get out But when I was out I was like, you know what I exited early I didn't want to exit out early But when I started keeping that log when I went to exit it's like, okay What am I going to put in my log while I'm exiting? It's like, you know what? I don't have a good reason I don't have a valid reason for exiting and I would not and I would hold on longer Until I hit my target So that was it's been a really good aid in and being mindful about what I'm doing and avoiding Uh, you know breaking my rules and making mistakes So I wanted to see what you solved your own problem That's the main the best way to do it because that sounds good to me Yeah, I mean this is something that mark and I have been teaching since we did our first workshops in the early 1990s And as a matter of fact, you know, we used to sell our daily trading journal To help traders understand the the benefits of of keeping not just track of your trades But you have to keep track of what you're thinking and if you don't know what you're thinking then Then you can't be effective as a trader. So, you know keeping keeping that journal That's good. That's really good way to go Speaking of journals, I wasn't Hurting myself in any way, you know by by doing that like detracting from From paying attention, you know, you're reinforcing what you should be doing and that's exactly what you want to do You did the exact right thing Absolutely. Yeah, that's for sure. I think that's a good confirmation. I appreciate that. Yeah Speaking of that event Palatine if you remember Robert st. John one of the three biggest bond traders in Chicago Uh, who happened to be they worked together for so long. They became very good friends. Mike Mark and uh, and robert and robert was the greatest trader for the first hour of the day You remember that paula he would he would make two or three million dollars in the first hour And then he would give back two million dollars the last five or six hours of trading And mark worked work with him for a year and they finally made him convinced you only work one hour a day He said well, that doesn't sound fair. He said well, you make all your money In one hour. What do you want to do the rest of the time? You know just walk around the board of trade go buy a hot dog or do something and once you start working one hour a day He was consistent as heck. He was just really good for that one hour Which was the opening hour, which was the time to be, you know trading, but that was the big deal He only worked an hour a day Right Yeah, he went from He went from his uh brokerage firm about ready to kick him out He had two mortgages on his homes and in within one year. He was up three four million Yeah, and paid everything off. I I remember that very very much and then he later on just trading one hour Yeah, I know Well, listen, sweetie, I want you to uh hang in there because we're like we said on the other part of the show We're going to be doing something together here in arizona It's going to be a quote called the friends and family Trading we're going to trade live money and we're going to give the money back to the people that if we make any And if we don't you'll have to track me down in mexico because i'll be on my way No, we'll have some fun. We did this uh in 1999 and we for three days and we were very successful So we're going to do it again. I think we should resurrect it after 24 years And we'll get rich anderson to help us and also Mr. Z And maybe i'll even get somebody else if i can get Byron out here to give us a little philosophy and stuff would be good But uh paul will be talking to us about the psychology of the stuff right out of the words of the master The new age of trading psychology It sounds good. I like that a lot of new material. Yeah, so that that that book can be bought at Amazon or barn any of our books amazon and barn's a noble or get my office a call And anybody who wants any services through me coaching or a one-on-one workshop You know, you get the the friends and family discount from the larry show There you go one percent Right off the top No, listen. Thank you paul. It's easy for joining us dear and we'll talk to you soon We'll get we'll get cracking on uh this thing for September or talk october probably around october 1st Would be uh, because that's before the snowbirds get here and it'll be really easy to get in and out and everything So we'll we'll get it done Hey, thanks for joining us dear. Okay Anytime You bet Stay well You bet. Okay paul a tea Hold on one second here. I don't hold on Let me get this next chart up here that I want to talk about because this is the most important chart We're having a little bit of bounce here towards the mid-afternoon here in the market, but this thing really looks bad folks This is the one you got to be They're telling you lies and the lies you're going to see it right here There this is the regional banking index from the nasdaq Uh, this the small cap regional banks look at that something's wrong folks They they're telling us now that these three banks that we had silicone valley Signature bank and then also the federal bank out of los angeles Uh, I don't know what the name of the bank was frb Yeah, federal reserve bank out of los angeles and uh, there's something republic bank, sorry, but uh, they're They're not telling you the truth every one of these stocks is down today all 50 of them now Something's there folks because there's more sellers and buyers that markets going down So pay attention to that And you know our market doesn't look that good either after that chart that in fact Jeff was just on the line and that chart that he shows you, you know, if if this is halfway Even close to being right you're looking at some pretty serious corrections here In the in the old stock market here today So let's remind ourselves of that. Okay, look at this this three drive. Look at that or 135 pattern The price objective is you know taking out the october lows and look how quickly it can come down with news like this All it takes is another couple of banks here there There were three or four of them today. They're down 30 40 percent That's not good. How'd you like to be a stockholder? I wouldn't even want to be a Apollo a what do you call a depositor for heaven's sakes? Even though they're supposed to be guaranteed to whatever I think it's whatever value you have in there That's what they said. Hey, we got to take a break here I think to pay a few bills and when would we get back and when we get back We will Talk about the euro one more time because the euro to me Is the key to the whole thing of what's going on in the euro because if we can get above those numbers That we'll post here when we come back from the break That'll tell us that uh-oh money talks and bs walks And what we have to do is to follow that but it's got to close and close strong above that 111 We'll be right back eight seven seven nine two seven six six four eight If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try tom. Yo, brian delivers options and equity trades when the markets present them using a combination of fundamentals And technicals sign up for rocket equities and options report today with a 30-day money back guarantee So you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com tfnn educating investors 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? 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I posted the chart of the euro versus the u.s. Dollar This to me is the key to what's going on because this is the money moving the u.s. Dollar index 53 percent of it is the Euro itself You know, we're looking at what 29 countries in europe All of them with different currencies and stuff, but they go by the euro with all their different, uh, I forget what those little coins are They some of them don't even use coins anymore. I don't believe but anyway, that's where the real key lies. I believe now the euro right now has had a had a pretty big break to the downside and We've gone from Well, we haven't even been able to rally up to a to a 382 retracement yet today As fact is I ought to just bring this up so you folks can all see it together because this is what we're watching and This could be a really big move folks And and again it might it might fail So what we're going to do now is i'm going to put that 382 in here Just to show you that sometimes these things line up Just the way you like to see him and here we go. We'll get it up here Take a quick look at it. Oh dear. I know we can switch this over easy enough and there it is But remember if it gets back above that level then it's good But so you've come down and you made your abcd on the day There's your abcd and then the rally back It's been right up to the 382 So what we want to be watching now is to see if this is going to be Uh, just like gold remember gold backed off a little bit and then when blasting above it Well, the key level is up in here. This is at this 111 level close above 111 It's lights out u.s. Dollar. I mean it's going to be in big big trouble. I mean it's It has no friends at all above that 111 that means u.s. Dollar is going to be above below par Hey, take a break. See you tomorrow live every day in an attitude of gratitude and may god bless