 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. Today we are going to have Samuel Archibald Earrington Hicks Crawford from Crawford Perspectives as our guest at 9.30. He's also going to do another segment at 3.30 this afternoon on Tom O'Brien's show. So we'll have Arch twice today. Now tomorrow we will have the wizard himself, Norm Winsky will be on. And then what we're going to do is we're going to take a look at some of these markets that we watched from across the pond. As you can see, the German bond has been coming down. That's equivalent to our 30 year treasury bond. You'll notice that the DAX has a relatively bearish bias today. You can see the 135 pattern that is there. And then the FTSE is in the process of making a guardly pattern up here just a little bit higher. We'll see how this all ends up today. So we'll pay close attention. A couple of things happened last night that were very important. I sent out a special email video, of course, on the gold because it hit the exact 78% level at 142910. We then broke almost exactly $17, $16.80 down to the 382 retracement at 141320. Folks, as long as that 141320 holds, this market's got a chance to go higher. It's acting really nicely from a bullish pattern. You can't complain about it and it backs off $17, nothing in gold anymore. But watch it closely. The key level is 141310. You get below that, there's trouble in River City. Yesterday, as you remember, we were talking about the pattern that we were looking at in Bitcoin. I think someone from Ohio had sent a question about the Bitcoin and the pattern that we were looking at. And if you'll see here, we had a beautiful guardly pattern form up there at the 13,100 level. And folks, those of you that follow the patterns that we look at will believe it. But those of you that don't follow patterns might not believe it. But you can see what's happened here to Bitcoin just in the... Get this up here today, you'll be able to see. We came right down. We dropped well over $2,000. We got down to the 50% retracement of the A-leg and 78% retracement of the C-leg. So far that is held. So now this is where the patterns can change because if this market turns higher, it can easily take out that 13,100 level because the overall structure of Bitcoin over the last several months has been quite bullish. It looks like it wants to continue to go higher. But once it hit that number yesterday, it coincided with the chairman of the Federal Reserve saying that they were going to put Facebook on the hot seat about their new... What was it that they got that is so important? Oh, their cryptocurrency Acra or Acrimonious or... I forget the name of the thing. I think I saw many of these things. I don't even know what they are. But that's the main thing that we're looking at. Marshall is telling us that the British Pound is moving up. That's a good thing, folks. A few folks were looking at us here on Monday. When we were in, we were talking about this. The British Pound, it was down there at 124.53. The low was 124.00. Go back on January the 1st. The low was 124.01. So it made a lower low by one tick. And now, of course, we've taken out the highs of Thursday, Monday, and it looks like it's getting ready to go. If you're in that trade, I don't know where it's going to go. I don't know where the... It just started up. That's all we know is a three drive to a bottom pattern. And whether it goes up from here or not. But the one thing you would want to do, you're up about $700. Your original risk on this was $200. So you're three times what your original risk was. You either take some of it off here if you only have a little bit. If you have a very little bit, I would just hold it, put the stop at break even. Because some of these three drives to a bottom pattern, folks, can turn into... It's 126.01 now. That's a serious move. Now you're up $900. So I would just let it rip. What are you going to do? Hey, you're home free. You're in a free trade. So that's what it's all about is get to those free trades. And can I give you some really great advice, folks? Don't look at the machine. Oh, my God. The problem we have with some of these platforms is they're telling you how much money you've made to the exact second. We never had that stuff back in the early days of trading. Hell, we were lucky to get an equity run. But, you know, it's basically... They tell you where you are, and when you start looking at money, that clouds the whole picture, boys and girls. Remember the only 100% trade that I know of was the one that Larry Williams gave me, and it was called the telephone indicator. And that is when you start calculating how much money you're making, reach for the telephone. This is when we had to call in our orders and pick up the telephone and get out of the trade. Now you just pick up your mouse and click on the button and get out. But when you start looking at that calculator about how smart you are, how much money you made... Uh-oh. Judge is ruling, boy. You're going to be in trouble. So just remember that one. That's 100%. Well, and there's no 100%, but it's really given the old greed arrow a big deal. So let's pay close attention to that. When we come back to the second segment of this, before we come up with Arch Crawford, I want to share with you some things that I learned from John Hill that I think you'll enjoy. And this story behind it is quite interesting anyway. The bonds, folks, we're down near that 154 level again. We broke it once. We rallied a point. That was that rally that we had yesterday, which I thought was a dead cat bounce in the Treasury notes and Treasury bonds. Here you have a situation where you've got the most bullish Federal Reserve, Dovish, I guess what they call it, since 2017, and yet these notes and bonds have come off pretty substantial. Now, they were leading the market on the way up. So they've had a lot of bullish news and they've not been able to respond to it. So watch when the Fed finally does drop the rate. Watch what happens to them then, because if they don't rally after that, you know, there's going to be a lot of move to the downside. So that's neither here nor there. Now, we did have a question about the foreign exchange as it relates to the currencies. And I just wanted to bring to your attention here. This happens to be the British pound, because this is the CME and this is the open interest that we're looking at in the British pound futures. You can see the open interest is 248,000. The open interest increased yesterday by 102,002. Folks, 248,000. That's like a drop in a rain bucket during a thunderstorm when you're trading foreign exchange. So the amount of money that they use, the percentage of foreign exchange that's traded at the Merck versus the major forex banks is very, very small. I've heard reports that it's less than 2%. But it's great to trade. For smaller traders, you know, 50 contracts and less, that Merck is a really good place to trade because you get to see the bid and offer. You don't have to worry about that crazy pip spread that they have at the forex, which is all BS. And they have good fills and good stop protection, good liquidity, everything. So the CME is a place to trade it if you're a small time trader like myself. 877-927-6648. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. 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Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tigers Den absolutely free for 30 days to enrich your knowledge of these markets and how to make your money work for you. Details on the Tigers Den are on the front page of tfnn.com. TFNN has launched our brand-new website. You can still visit us at the same tfnn.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new tfnn.com now and experience all the upgrades. tfnn.com Educating investors. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Okay, folks, I posted a chart out of John Hill's book, The Ultimate Trading Guide. This is a compilation of all the stuff that John's looked at over his trading career. It's a great book. It was published probably 15, 20 years ago. But this particular sequence that you're looking at basically is stuff that John showed me from Richard Wycoff, a guy who was very famous back in the 30s, 40s, and 50s. And basically you're looking at these markets. You'll notice those dotted lines. That's where the support is. The market breaks down through the support. That's where people put their usual stops and then the market snaps back above it. This is what really got me started. Those of you that have visited me here, in the office here in Tucson, and see the oil painting behind me hanging above the fireplace. That's not going to be on today because it's going to be 108 here in the Opueblo. So anyway, if you'll look at this, what I did, this was a big transition for me because I was watching these patterns for many, many years, and I knew that when it went down below those levels, that's where people had to stop. So I always gave myself a little bit of room to make sure that I didn't have my stops exactly at the old lows. I would give it a little bit of room. Well, I'm in Zurich, Switzerland, giving a speech at one of the banks, and I was, I got stopped out of four or five different things right at the lows or highs of this. And I was very frustrated. I didn't know, you know, why it was that way. I didn't find out for about three months later till I met Bryce Gilmour that I was being stopped out exactly at the 1.27 below the key level. And sometimes that level was very, very small amount. It might have only been a few hundred dollars. So by just manipulating my stop by a little bit, it kept me in the position and it was still okay. But as I met, when I met Bryce Gilmour, he had a program called the Wave Trader. It would do these automatically and it would connect all the dots and lines and all these charts and it would give it a ranking of one to 10. And if it was a 10, it meant that there were a lot of things coming together, which is similar to what we try to do when we're looking at the patterns. We're looking for three or four ratios coming together like we see with guardleys and butterflies and the three drive patterns and expanding triangles, et cetera, et cetera. But as I was going through this during those early years, and I was drawing my charts on the commodity perspectives, which were 11 by 14, and I would draw the lines in, not knowing what the heck I was doing. This was back in the middle 70s and early 80s, all the way up through 86. You know, I really didn't grasp what the heck I was doing until 87. And that was just the beginning. And then in 88, when I met Bryce, I learned more and more. But as I was drawing these, my little six-year-old daughter Lairin would cut these out and she would color in the little triangles on all these things as all the dots and she would make all different colors and she would cut them out with her little plastic scissors and put them with Scott's tape right on the refrigerator. Gosh, I wish I'd have saved some of them, but I didn't. But anyway, that's when I started to see these on the WaveTrader program later, which was, let me see, that was 74. So that would be 14 years later. It all dawned on me that that's what I had been doing, but not knowing what I was looking at. It's the old, you know, they had to knock me on the head to make me look what I was looking at. So that's where all this comes from and that's why I look at these things because when markets go into new lows and they don't, you know, go down right away, that's a, you know, that's a really good example. In fact, we're looking at that December cotton. I posted it just a little while ago, you know, to show you that that's a type of trade. It made a lower load in yesterday, folks, by one penny. It's hard to believe, you know, a big contract like cotton and it's still straighting up from where Mr. Z bought it, but so far that pattern is holding nicely. Now it hasn't moved, you know, like the British pound has, but maybe it will, maybe it won't, but sometimes they work, sometimes they don't. That's where we already know that. But if you want a really good book about patterns and stuff, I really recommend that ultimate trading guide for John Hill. If you wanted to give John a call, I'll give you a cell number. It's 828-699-2828. So pay close attention to that, folks. It will be very interesting, you know, to see this thing unfold as it, as we get through here. Okay, let's move on to the other one that we want to pay attention to. Mr. Z asks if I have students making monthly pyramids to Tucson. It used to be that way, Mr. Z, but not anymore. I have a few regulars, Marshall and Lynn come in several times a year and other people. I'm having a real special guest coming in on July 20th. He's going to be with me for a whole month, John Jamison from across the pond over there in the U.K. is coming to spend some time with me working on my artificial intelligence program and some automatic trading signals that he's been showing me that look absolutely fabulous. And I've already agreed I'm going to bring him over here as my guest. Take good care of him, treat him like a prince, and hopefully one thing I'm going to do is I'm going to share the stuff of what we're looking at here. Don't worry, Mr. Z, I'll be back to Four Street Deli very soon. Sarah's still there. The boys had breakfast there yesterday, so I will get back there eventually. Probably towards the end. No new book. I won't do any more books, Marshall. What I'll do is I'll share it with the 24-7 folks and the students, the stuff that we get from John. And frankly, it's not a big deal because most of the stuff you share, most people don't pay any attention to it because they don't do the work themselves. But John is in a, you know, I've trained a lot of people and I haven't trained many like him, but he is really, really good with computers. He's really good with understanding market momentum and trading and stuff. And so it's going to be a lot of fun to work with him and it's just going to be the two of us here. So we'll be able to get a lot of stuff done and have a little bit of fun playing some poker on the weekends. We'll go down to the old Desert Diamond and the Casino del Sol and play in the little $35 and $40 tournaments that they have on the weekends. But anyway, that's what my plans are. So it'll be interesting. I'm actually very excited about it because I don't get a chance to work with somebody like him very often. I mean, I understand trading pretty good, but I don't understand computers and how to put the stuff together. And boy, he certainly does. And we've got some really interesting things with the opening range, folks. It's just absolutely powerful. And we've got another signal that is just, oh my gosh, I'm actually trying to find one where it hasn't lost. I mean, it's where it's lost. I mean, I've been through seven of them this week and I'm just testing them, of course, but they look extremely interesting. And I think we'll have a lot of fun when we get to that level. The other thing is that there's a possibility that we're going to be looking at a major and I'm talking major, major, major move in the stock market very, very soon. The Bradley model says it's going to be on August the 25th, if you'll remember, but it may become later earlier. I don't know, but something's getting ready to happen very, very quickly here within the next month or so and I want to be really, really prepared for that because those are the kind that you want to be able to do. I can't do this all night stuff that I do most of the time because that's a function of being old, but that's neither here nor there. The one thing I did want to mention to you, folks, it's extremely important today that that dollar, the gold does not get below 1412. If it gets below 1412, it's going to have some serious, serious problems. Now, the other one, if you remember yesterday, we've got to take, stay tuned for Arch Crawford. We'll be right back, folks. Arch? We'll be up to the date active trading information that will help you in your daily trading. In Larry's first week alone, he sent out 25 charts, six videos, and a full report to his subscribers in just one week. If you're a technical trader that uses patterns and retracements to trade, then Larry's service Fibonacci 24.7 is something that you must try. Right now, new subscribers can get a full 30-day money back guarantee. With nothing to risk, sign up now to Larry Pesevento's Fibonacci 24.7 by visiting the front page of TFNN.com under Trading Newsletters. The path of least resistance is David White's daily trading newsletter, and if you're looking for active trading ideas, then now's a perfect time for a 30-day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. Using a combination of equity trades along with options, David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. 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For this kind program, the Art of Timing the Trade Chart allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're going to love this product, where they will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the Art of Timing the Trade Chart 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. Okay, we're back folks. We're talking to Arch Crawford of Crawford Perspectives, Tucson, Arizona. Temperature today will be 108, so stay in the shade, Bubba. I'll be in the shade. That's for sure. Sam, let's start out here with the rates on the Treasury notes that you've got here. What's your feeling here? Are we going to see zero interest rates on these 30-year bonds? Well, actually, it's turning back up a bit yesterday after hitting solid support. If you have that chart up, I've got it up. It went a little bit lower than it did earlier in the year, or late last year, I forget which. And I can't apparently change my charts right now on my computer. I don't know what happened. Oh, there it is. I know Arch. It's Mercury retrograde. I'm having all kind of trouble with mine too, so whether it has anything to do with it or not, I don't know. Well, here's the story. Today is one of the most harsh days in that at 2 o'clock, 201 Mars-squares Uranus at 351 the Sun-contraparallels Pluto, which is like an opposition. And at 728, this is all eastern times, Sun is contraparallels Saturn. So this is a very powerful date today. If you notice on the major stock indices, they're all up around round numbers. Yes, they are. The RTX cleared briefly yesterday the 3000 level. It's now at 2998 and change. The Dow Jones is 26940, which is right at 27000. And the NDX is at 7910. It could go a little higher and hit 8000 or it could stabilize around here at 7900. So the other very odd thing is that the Russell 2000 closed yesterday at 1565, which you put that in the Hebrew letters, is the strongest name of God in the Old Testament. Yahweh or Jehovah to the Christians. Wow. Well, that's pretty esoteric, pal. It's beyond my pay grade. Let's take a look at the oil markets, Sam. The 566 that's in the Bible was the low in the 08 market, wasn't it? Yeah, that's right. It certainly was. Yeah, triple six. I remember that. The Dow was trading 6400. Sam, come on now. Be realistic to me. This doesn't make any sense to me that you're going to borrow money. Someone's going to charge you for holding money and not pay you interest. That's beyond common sense. It has never happened in the 7000 years of unknown history. Yeah, well, like they say, it's different this time. Well, let's take a look at the oil market, because we're setting it some pretty strong resistance up here. What's one thing about those negative interest rates? Yes. It's really good for gold. Well, gold is acting good, that's for sure. Gold, you don't have to pay any more on gold. And now you have to pay on what is it, two or three trillion dollars worth of negative interest rate bonds in the world. Wow. That's right. The carrying charges back in the 80s when we were interest rates were so high, the carrying charges were monster. I remember when gold was trading at 860 on January 20th, 1980, December gold going out 12 months was trading above $1,000 an ounce because I sold some at $1,000 an ounce that day and covered it limit down, but that was a long time ago. The good old days. Yeah. You know, Sam, folks for all of you that don't know, Sam and I are almost the same age. He was born on April the 17th, and my birthday was July 28th, the same as by coincidence, the same as Ralph Elliott and also several other of my good friends. But the main thing is, is that things have really changed here just in trading. I mean, the volume you know, I was thinking last night, I was talking to my friend in California. It was a good friend of Ross Perot and I met Ross in 1965 or 66, January 66. He was there. He owned Walston & Company and he was looking at different offices and he happened to love to go salmon fishing and John was an expert at that. And so I got to have dinner with, you know, Ross Perot and the volume on the stock exchange that day in January, I believe is 1966 was 5 million shares. I think we do three times that in Intel now. So you can imagine, you know, how much things have changed for heaven's sakes. Wow. Sorry, let's go on to the gold contract, Sam, because we're talking about gold here and I know that's one of your specialties and you've been very bullish and it looks like if we clear 1450, we're off to the races. Well, I think we're off to the races now because the big, if you look at the gold chart that I sent, you've got that neckline across 1365 to 75 area. And we blew through there last week, two, three weeks ago and have been putzing around but this is the six and a half year breakout of great significance. Fortunately, I put in the June 3rd letter that I have the strongest buy signal on gold in years and it was down around 1270 or 80 on that day. I see it on your charts, your red and blue lines are both turning higher right there too so that was another really good spot to take a look at it. Wow, that's really good. Wow. I'm really delighted with that. Sam, what do you think is the possibility that we come back and touch that line there say 1362 where we broke out from? Could we go back and touch that one more time? It's possible but I don't think it's likely. Yeah, it certainly doesn't want to look like it. What's your feeling on silver, Sam? Let me just say that I've been staying away from gold for years traded at once or twice and this is the most powerful thing that's happened to it in the last decade. I remember when my grandson was born in 2001 you were the one that told me I was going to buy some stock for and he says why don't you buy him a couple ounces of gold every month and you know I did and boy that turned out to be really good, Sam. You know he actually he could have gone to any school he wanted to but he's going to community college because he wants to be a comedian he's really good too but he's got all this money and he was thinking of going to Stanford until he figured out how much it was going to cost him so he told me he was going to stay there he said do you want the money back and I said no I said go ahead do what I do spend it on women or we can run away as long as we could but we will do anything else and ministries or talk toJa嘛 What are the things thatira ever trying to get from. Everything we can do We got a break coming out My birthday is the same as J.P. Morgan That's right in right over his birth sign there's a secret elevator where he comes down from his house into the library if you could get the chance to see that sometime really the Morgan Museum stay tuned 877-927-6648 Sam Crawford Crawford perspectives if you're in the CD market and looking for a secure investment the Tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg Florida the tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1 percent of $50,000 investment at a normal four-year CD rate of 3.1 percent would give you income of 1550 per year or 6200 over the four-year 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sophisticated investors such as traders and active investors distributor for side fund services LLC the bull bear binary option hour next on TFNN give it back folks we're talking with Arch Crawford of Crawford perspectives Tucson Arizona Sam someone's asked the question about silver why is it lagging so badly and also platinum do you have any feelings on that no I don't I see it on the chart and it's not acting anywhere near as well as the goal I think from fundamental standpoint the silver is probably better but from the chart standpoint the gold is breaking out on the upside and the silver is not confirming well if silver would ever confirm boy that thing would really start to move I would think I think you know going to my prediction we certainly live in interesting times I posted your stuff on the stock market Sam and you've got a lot of stuff you want to tell the folks what you're looking at here in stocks well we're up against these round numbers we're also up against trend lines from back in February of last year that bottom when it was so harsh down is a trend line that leaves a little bit of upside possibilities on some of these but they're but they're very close so power is saying they're going to lower rates at the end of this month that's the 30th 31st the meeting on the FOMC and that might top it it's possible that we top it earlier but I think we'll do the round and then maybe pop up again the end of the month before we get the top now it's certainly possible that we can get the top right here David weird I'm looking forward to seeing how it closes out today Sam we've been going up since March of 2009 it's been one of our longest bull runs ever how much longer you think it can go we're in the what 11th year now I mean I don't think we've ever had a string where we've been up for 11 years without you know we've had some small corrections yeah and I think the reason is because of the harshness of the 08 and it's been coming back slowly it hasn't been lowering back but it's been very steady and it's had a nice long run but a lot of the prices are not yet severely overextended now I'm not sure they're going to get severely overextended this time because in in some senses we could be in a right shoulder which doesn't have to go above the head mm-hmm I'm just looking at a long-term momentum chart to say that not not the actual price chart well I know all I know is Sam when it's over is they going to hurt a lot of people I remember telling people that about the dot com and nobody believed me but this is going to be really nasty when they finally and I think with this quantitative easing thing that's been going on for all these years is not a good thing either but you know we're just two old cowboys sitting out here in the desert thinking you know and so when I look at these charts to work yeah that's the truth but I was I was rewatching the group the big short a few weeks ago and that was fabulous and we were right there with them you know into that market I remember very very well Sam that's a you know Sam I've known you a very very long time since what 1987 but one of the most memorable things was a 9-11 when you and I were all talking on the phone when the the first plane hit and you remember Sam you we were we were chatting and you said to me said you know one of my people just called me and said the Pentagon has just been bombed they didn't know about that for 15 or 20 minutes later before we ever found that about it then the second plane yet but I remember that so vividly you know that it was oh gosh what a terrible time I was in the state of shock and I well it's neither here nor there but boy what a what a terrible what a terrible thing yeah certainly yeah for sure okay tell me tell me what is far as timing we got this solar eclipse coming up here excuse me this lunar eclipse and the full moon coming in here on the 16th of July do you think that'll bring anything the solar eclipse didn't do anything on the third of the second so what about the the 16th is anything there that would be able to trigger something crazy I would say that the solar eclipse was sort of coincident very fairly close to that largest earthquake that we've had it was what two days off something like that it was it was definitely within the time of influence and I'm a concerned that we may have worse in Southern California that that that quake was right near the San Andreas fault right out there in the mountains you're there rich grass I've been there before and that that's a real critical error because that starts shaking there but it's going to shake everywhere but who knows heck I don't know also in Trump's chart that eclipse and a few days around it on the 16th plus or minus two or three days is tough on his birth chart does his chart still look pretty good for the rest of his term I haven't looked that far out you know I do a monthly work out for the lit the year I think that was starting in December or February sometime I don't know yeah so what do you what are you seeing in the advanced decline line and new highs and new lows you're seeing anything there that's you know brings to your lights up the Christmas tree for you well it's it's weakening slightly but I would not say it's anywhere you know in terms of certain cycles the one year the four year the 10 year that it should kick it should have a little decline somewhere in here and kick back up probably to a higher high around Labor Day that's your seasonal pattern and a couple of other things and so I'm looking for these high Labor Day plus or minus a week or so in either direction well you know there's so many things happening in the world out there with all those things going on with Iran and North Korea and everything anything could trigger it and it could roll over on its own volition too but I don't know how it's going to end but I'm gonna be there when it starts let's it might have to it's an exciting time I will miss it yeah I agree with that I agree with that 100% it'll be coming listen buddy we want to thank you for being on you're gonna come on a 330 this afternoon when I'm taking Tom O'Brien's place we're gonna have some new stuff to talk about along with some of your charts so don't play any golf today Sam because it's too hot you could wait a few days okay I don't play golf but I do but but but Sam and I both have a two handicap putting and and driving yeah along with their mental game Sam Crawford of Crawford perspective on the afternoon program yeah well yeah I call you are to call you Sam in the morning program and arch in the afternoon folks I call him Sam because he's got about 26 first names Samuel Archibald Arrington Hicks Crawford and his friends call him Sam so everybody likes his of a friend so Sam we'll call you whatever we can except late for dinner okay thanks buddy and tell your lovely wife that we said hello and we'll see you this afternoon all right fine I bet folks you bet if you want to reach Sam it's www.comodiperspectives or go into any polk's office and you'll see his picture right up there and you could just get the information right off of that eight seven seven nine two seven six six four eight 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 is 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 timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has 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newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found the computer software which included the standard market technical indicators enhance the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two-week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call 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 okay folks I'm gonna give you a little experiment here I posted the chart for the July wheat today we're into July so this is delivery month but as you can see we're setting at the 382 retracement we've been down here two weeks since the high was made and we have a big report today coming out at 11 p.m. Eastern time no 12 p.m. Eastern 11 p.m. Central Daylight time and the early forecasts are for a bearish wheat and we're sitting right at this 382 which means it should be a buy so what we're gonna do is we're gonna do a little experiment and we're gonna just put on a mini mini wheat it says one bushel instead of 5,000 bushels if you call in and give my name you can buy one bushel so it's only gonna cost you about $5.50 to buy that bushel of wheat and we're going to see if it's going to be higher into this report that is supposed to be bearish because it's set here at the 382 now for five days that usually means something maybe not but I bring it to your attention because of the fact that we're setting you know right at something that is you know very very important so let's keep an eye on that the other one that we want to watch folks are the little piggies we're watching December hogs very very closely because they're at a big discount to the August hogs for one thing and they're making a really nice pattern at the 78% level and we'll see how that to see how that works folks pay close attention to that 1413 because if we get below 1412 in the gold market that's not gonna be a good sign I can I can promise you that so just keep in mind that that's what you want to be watching today if you're a technician if you're a fundamentalist you can go on and watch you know the reruns of all in the family whatever they're showing on me TV but watch that 1413 and below that is not good and based on some of the technical things that we look at right here so that's very very important so live every day in an attitude of gratitude and may God bless be sure to tune in at at the 330 show we're gonna have Archon again and we're gonna cover some of the things about the crop report and a few historical things 877-927-6648