 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis We're gonna take a look at the German Dax like we always do this was before we got that bullish figure on the GDP I guess only down 4.8% which is rather bullish and then we're also going to take a look now at the footsie By the way today, we are going to have our friend mr. William Meridian out of Vienna, Austria he'll be on and he'll be talking to us about the oil and also gold and stuff We'll see that what's going on. You're right. You're right Duffy. I love that movie With Robert Duvall, but probably one of the greatest quotes ever. It's like what we have here is a failure to communicate Anybody remember the name of that guy? Come on. Come on. Come on. You can do it Strother Martin. Yes, you're correct. He died in West Lake Village Actually, actually knew the family a little bit, but really nice fellow. Okay, let's move on to one We have the bond market folks. I believe this is going to be the surprise of Well, if you can say there's a surprise anyway, we'll have to wait and see but if you look at this, you'll see that we had a Let's do the bonds first because I want to be able to get into this right here. Here's the Treasury bonds We have We're we're down a little bit from where we were this morning after the report It's backed off a little bit, but we've been up to this 61 percent retracement now for a whole month folks That's a lot of supply and given the fact that the news has been really really good bullish with the Fed pump and the The thing it's really it's really something to To see it do this so I believe this could be the surprise But remember, I'm just a chartist. I don't really Don't know You know too much to know anything about the fundamentals would be saying something But I don't know anything about what the Fed is doing. I mean, this is this has changed just about everything, you know So but as they say ancient astronauts theorists say, yes, this is the way it is So you just move on to the next one. I posted a chart about the e-mini s and p We now made a 61 retracement folks of the whole move down I didn't think that was possible, but by golly here it is I don't know what high was but we're looking at 29 24 22 to 26 29 22 to 26. I believe is the exact numbers in there So we'll watch that the russell course has been really strong these last few days And more buying is coming in No, I have uh david. I actually it's about one of my favorite shows I love to watch that because I've been interested in that Since I before I went to church into college. I read a book By eric von danigan And uh, that was the book that really got me interested and I've made it one of my Bucket list things is the tour of many of those places that I could been I've been to tia to gone. I've been to The place in prude Ah Lake titicaca and I also also I've been to The really cool one was down in the mexican peninsula Where I saw the The pyramid of the sun and I can't remember the name of it now But uh, that's where I saw that I was there on the september the 22nd when the equinox hicks and the the the shadows of the Of the pyramid make a 45 degree angle. It looks like a snake going out into the into the ocean It's so perfect that you just you just can't believe that someone could build something like that Happens every day chichen itza. That's right chicken. It's chichen itza. That's thank you marshal and it's right near It's just south of Tulum, which is where the uh, the the caves are that supposed to be something really cool But I went down there and had a had three or four days and I really really enjoyed it But that was a long time ago folks 30 years So I've been well up into the egypt and a few other places One of the places I want to go some day is to go to turkey to see tebeka tempe But I haven't been able to do that yet We will have bill meridian as our guest as I mentioned and boy We've got a lot of questions for him So we'll see, you know, how much more this is going to extend on this rally And we'll move on, you know to the next one and whatever the next ones be But I'm watching these bonds very very closely The but to me the gold still looks very someone's asked a question about that we rallied Went right back to the same tricky area of 1725 That was a 382 of the whole range We've been up there three times haven't been able to get above it If we can get above 1730 then maybe gold could rally a little bit more but the way it looks right now It appears that maybe the gold is going to have a little bit of a trouble in here And silver certainly looks a little bit negative and as does platinum So we'll see how this actually moves on as we look at the rest of these today Now I do want to tell you a little bit about this I mentioned these coins the other day This is the night the 2020 quarter And it's got the the two bats the mother bat and the baby pup They call them pups from the American Samoa Territorial part of the US and this is an actual coin folks But boy if you can find him good luck because I tried I tried three different banks And they never even heard of it and they came out In January but nobody has them so I they either took it off the market Or they you know, they really didn't You may well they they've come out from what from what they've told us, but they're just not They're just not available to find them. So we'll see Okay, we had one other question last night from an email and this was about the One of the natural gas things that we've been watching for quite some time and the gentleman had the question Of taking a look this was a question that he asked he wondered if that was a three drive to a bottom pattern And this is the UN AZ And I think it's the ETF for that as I as I recall I'm not even sure because I don't I just know that it's related to natural gas But the patterns is okay. You see the three red arrows there That's a one three five pattern folks if those if those bottoms were lower each bottom was lower Then you would have a three drive pattern, but when the bottoms are higher That's a one three five that that's the ultimate way of trading in the direction of the trend because You've got a bottom and you're trading in a higher trend bottom on on point five, which is the arrow on the far right That works either upside or downside. So That that's a great way of doing it. You don't have to wait for anything really too exciting Oh, by the way, I do want to mention those of you that want to hear the master himself tomorrow Thursday Tom O'Brien is going to be giving his all day thing and not only does he know what he's doing He's incredibly entertaining. So I would highly suggest if you've never heard Tom O'Brien For a long period of time you should because he's he's really good and guys does he know that That you know that uh, gold market. Well, he knows stocks too, but knows gold markets too Okay, someone's posted it the bat quarters are available on amazon marshal year the man Hey marshal do me a favor and email me that if you would please I'd really like to I want to get some of those for the grandkids To put them away for them. So we'll see what's going on here Okay Alrighty, let's move up here to one other question that someone had This is something we need to talk about folks that we're going to have a meet a problem here for Pork and beef here pretty soon. You'll notice here, you know, we were looking at that hogs down there A couple weeks ago. You see when they were down in that 42 range. Look how high they got folks They've jumped 18 cents a pound. They've already started to back off a little bit here But this is the prelude of uh Some problems in the meat market. Let's take a break here eight seven seven nine two seven six six four eight If you're not currently using the taz profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The taz profile scanner is a standalone piece of software that instantly filters over 2500 global financial markets such as stocks etfs commodity futures and forex Heated by steve doll 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 doll and tom o' brian 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 Are you in the market for buying or selling real estate in the bay area? 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Don't miss out on the tfnn tiger's den open house taking place now sign up today Call now toll free at 1 877 927 6648 Internationally at 727 873 7618 Okay, we're back. We have a guest from one of my favorite places springfield, Missouri bill. Are you there? Yes, sir Yeah, you know bill. I bought a tomson submachine gun back in 1964 at a gun show in springfield, Missouri It was a us border patrol oversupply I paid $145 for it me and my buddy john were there john still has his And he's turned down $25,000 for that several times. I sold mine for about 500, but I remember springfield very well What can I help you with my friend? Well, I listened to you so long. I remember that story probably five six seven eight years ago Well, I tell the same stories every day. Fortunately, most people can't remember them I'm 80 years old. I know that. Yeah, well, I'm in we're neck and neck. We're neck and neck Yeah, my question is I Found out that the restaurant you talk about a shortage of meat the restaurants consume 50% of all the meat produced That comes in from foreign countries or restaurants hot dog stands football stadiums baseball stadiums consume 50% of all the meat And if they haven't been in business How can we I mean that supply is backing up That's exactly what's happening, but I I don't know. It's just like the other stuff that you read, you know, what are you going to do? I it just seems like it's really strange. I just wanted you to look into it You have better sources than I didn't see If we're going to have a shortage of meat. I talked to my children about They said that our freezers are full being full We don't have a problem. Well, there's certainly not there are no problems here in Tucson. Yeah So that's good. I've got rich anderson looking into it because, you know, he's in that he has a cattle Feeding operation. So he's quite close to that and then he knows the people at Smithfield where they do pork but evidently has to do with the fact that they've slaughtered so many pigs and And cattle during this down move, you know, just to reduce the feeding costs And that's going to be out in the future of maybe six to 12 months Well, a little more than that probably 12 months when we first start to see it But, you know, you never know. I mean gosh darn I that's why I'm a technician, Bob or bill I tell you I just have a hard time with these fundamentals Yeah, well, I was listening to you like I say for many years and I thought that this Got to be corrected because I don't know why there would be a shortage if the restaurants Are not Open they're they've been closed. Yeah, and everybody that produces Any food at all has to be eaten consumed why they've all been closed Yeah, I know rich anerson. I traveled the south Dakota and north Dakota Nebraska and the cattle bits years ago and I'm quite familiar with riches projects up that way great man Yes, he is. Listen, we'll we'll be looking at a shortage out in the future But right now we'll be able to eat good for a while anyway Yeah, my kid said dad. We're not losing anyway Okay, bill. Hey, thanks for thanks for calling in and be safe my friend You too, sir. You bet Okay, one of the things that we have going on for us here at the tiger den is we've got mr z in there and also david white and they posted some things about the What the this seriousness of this thing out in the future, which would be very very interesting, but these restaurants Uh, you know, they are in big trouble. There's no there's no question about it and here's from You know, sarah and I when we're usually in Normal mode we eat out probably every day But uh, or at least six days a week. Anyway, so anyway, let's move on to One of the things I want to talk about here folks. It's important for trading And this is the uh, let's take a look at the crude oil here Folks, here's where the problem is this is the june contract june in july you can Are no longer tradable and if you want to this is your homework for today folks I want you to go back and look at august crude oil and look at december crude oil Those are the next two with the largest open interest december is the third largest It has about a quarter of a million contracts outstanding and this chart doesn't look anything like this I don't even want to post it because it looks so different But for your homework just go look at it because we should run into some pretty strong resistance at $15 in june Uh, crude oil now there's the You're not able to trade it, but there are other people that are trading it So I can tell you that uh, I don't know how they select these but Pay attention to that I missed crude oil because I enjoy trading it But that should be the august and the december chist are flat untradable. That's uh, Unfortunately, that's what it is another question that received is about the the July corn we tried it at At 325 we're now trading it under we're 311 I guess right now And we haven't seen any indication of a pattern that would give us a spot to Be a buyer. There's something down there around 297, but we're a little a little away from that level But I'm still got it on my watch list very very closely Because we're looking at okay one other question is how can the stock market rally So much with all this negative news of 30 million people out of work and the gdp dropping And interest rates at zero and stuff like that boys and girls get a book called only yesterday And that'll tell you what happened because when the stock market bottomed after the crash in 1929 on november 11th It rallied from november 11th until april 1st. It rallied 59.5 Into april 1st of 1930 and from 1930 to july 8th of 1932 when the dow hit 41 I believe basal will correct me on that 41 or 42 It had dropped over 92 of its price And it was down from a high of 383 and it took the market 27 years to take those highs out So, you know just because things are doing that way and that's one of the advantages of you know when you're doing technical work You'll say I don't know what the hell's happening, but this is what's happening So you don't have to try to catch a falling knife folks. You take your shots Find find patterns that you see that are relatively What do you call? Identifiable and then just trade what you see that's exactly right, you know trade what you see Not what you think that's the stuff turning off the news is difficult because of all the stuff that's going on in the world right now and folks, you know some of it I Let's change the story get off the soapbox there president Oh, you don't need to talk about that other stuff. Don't make no difference. No, no never mind Now I've got a really great chart here. This confirms what shane has been telling us this comes from Tom McCullough, I remember Tom when he was just a little shaver His dad Sherwin and his mother Charlene they ran the McCullough oscillator and Tom was taken on but this shows you from 2000 it shows the The How the m2 is divide this which we used to watch all the time Which is the money supply and this is basically what they're looking at here And if this is correct, this tells you that, you know, we could be higher But remember this has a bullish bias all along in here So we'll we'll see if this is going to be the case now You see we have not had a big price response yet But we've come all the way back to our 61 retracement in the s&p So we'll see if that's going to be pretty much Well, maria, I don't know I only eat meat three times a day. I don't do it for snacks But you know golly, I've just never been a person that did last I tried one of those Impossible burgers from Burger King and boy, they sure named it right because it's impossible to make any correlation between that burger and meat I wouldn't touch that and I and I tried it once in Whole Foods Hey, we've got bill meridian coming up at the break folks You can stop me from babbling a little bit and he's going to have some good stuff as usual So live every day in an attitude of gratitude and hold on for about four more minutes and we'll have bill meridian on Larry Pezzavento watches the markets 24 7 and now is a great time to try out his daily trading service Fibonacci 24 7 Larry publishes videos and charts for subscribers throughout the week when warranted and every weekend He puts out a thorough report covering worldwide markets futures commodities and currencies with Fibonacci Retracement levels possible trading setups and zones and stops and targets for all recommendations included Larry applies the principles He's developed over decades of trading while analyzing a variety of markets for subscribers To see for yourself the types of videos charts and analysis that Larry provides for his subscribers Sign up for Fibonacci 24 7 today by visiting the front page of tfnn.com Under the newsletter tab, you'll also gain instant access to Larry's archive subscriber webinar from earlier this year New subscribers get a 30 day money back guarantee. 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Don't miss out on this incredible new piece of software 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 Okay, we're back folks and we have bill meridian cycles research Formerly of vienna right now at residing in new jersey bill. How are you doing? Oh, great larry. How are you good? I bet you'll be glad to get home, won't you? Well, I actually opened up the garden centers there two three weeks ago So people could buy seeds and plants and now they're opening up They're starting to do elective surgeries again doctors offices are opening on the first small shops and on the 15th restaurants and cafes Mm-hmm. You got to notice here that del horoscope has come back with uh, uh, I thought Well, are we on announcements page two? Yes, uh-huh What has happened is del horoscope sees publication after 84 years With the april issue, but the mountain astrology, which is another fine publication has picked up the subscriptions So they are fulfilling the unfulfilled Del subscriptions hoping to pick up the del readers and they have requested my columns, so I'll be writing in there beginning in august Oh, that's really cool. And also the foundation for the study of cycles. We're going to have andy, uh, piccoli Tomorrow is our guest. Yeah, how he's going to be our guest tomorrow Pancholi. Yep. And pancholi. That's what I thought I said But maybe I was a member I was a member for 30 something years And I was on the board of the foundation in this previous incarnation And now it's come back and I think this is a very good crew. I mean, it's very talented professional group And I've already I already already written an article about george lindsey's cultural cycles and I'm requesting some of my future's friends in europe to contribute articles. So I think it's going to be good That's very good. Now you're going to talk to us today about the stocks bonds and gold You want to take the mic and tell us what you're looking at? You know today's perspectives stocks The remainder of the week will see rising prices Last weekend on thursday, there was a sharp drop in the american association of indio individual investors sentiment index From 33 percent bulls to 23 percent when you get a 10 point drop in one week You should do the opposite in the following week. It's a contrary opinion indicator and from may From april 28th, which was yesterday to may 6 That is the optimized end of the month period of strength for the stock market and And the combination of the two is what's pushing the market higher Now bonds as we'll see are in a trading range and gold is still in the same uptrend. I expected to be uh By the end of the year I expected to be 2000 over the very short term by about June 1st or so. I would expect it to be about 1800 So if we go to the by the way, this it's not all doom and gloom. We're going to see new highs on the next page Okay, go ahead. There you go total cannabis sales through the roof since the Since the pandemic started so If you if you would have bought down there at the what was that down there in december and held now You'd be in good shape So to go to the s&p on the next page On the top we have the usual weekly cycle on the bottom. We have the monthly cycle So the weekly cycle as you can see the green went on a buy signal So we've got that in addition to the drop in the aai index Which is a contrary indicator and in addition to the end of the month strength And if we go down to the monthly we can see the monthly is a bit weaker consolidating in here So my guess is the market would be at a trading range or a bit flat in the month of may You can see the weekly if you go up the weekly gives a sell on may 15th So I think we'll be at a trading range to hire To into the 15th of the month and this week's very bullish then it it's going to be Drift hire but then in the second half of may I think we have a little pullback, but the Monthly cycle does not bottom out after that it looks strong. So we're in a continued uptrend And of course after looking at the cycles We now look at cycle confirmations These are the technical indicators that and I already mentioned the first one But over the past 10 weeks bears in the aai poll have averaged more than 46 percent of total respondents That's one of the most persistent streaks And over the past week it was 10 percent, but even the Moving average appears to be bullish with it's about 50 percent bears right now. I think Now here's another contrary indicator trend following hedge funds are not perceiving the 20 plus percent rally in stocks is genuine They do not have much faith in this Their quant models I think probably went bullish but This is unusual they have They have remained somewhat underweighted or haven't they haven't increased their positions their long positions The hedge fund exposure is still quite low So the market's going to do of course what it always does It's going to always go in the contrary opinion to make people look wrong or lose the most money until they Flip and as you may recall when you had me on at the end of the year This particular index was at a high. They had extremely high exposure so And as mentioned in a previous report if the market is risen by 30 off of a low after a decline of this magnitude It's measured In terms of the percentage drop over a very short period of time if you look back at Prior similar conditions if the market rises 30 off the low, then it doesn't go back and test the low And if we we've got another This is uh, here's another sentiment buy signal This is the net percent of funds that say they're in of uh funds that say they're in cash This is the uh that is still quite high And now I think the important point here is You know elliot wave If we're if it's a bare move Or a bull move it's it would be five waves down to five waves up and the intervening correction Would be three wave affairs abc And I think that this market has just completely wiped out the notion of a five wave move That low was a c wave way back on. Well, it wasn't that long ago. It wasn't March 23rd So That has a heavy implications now if it's an abc drop that means the bull market that started in o9 Is really still intact if you use elliot wave theory, which means it should go to a new high Which seems kind of hard to believe but I was very hesitant when the market Rally back and started to rise as to whether it would be a wave Four It was a wave four rally and we'd get a wave five down Which is what most of the elliot waivers thought based upon the reports that I read But my other indicators such as the ones I've been showing you remain bullish So as a result, I think it's just a question of which stocks to own now and if you go to the next slide You can see First we hit a low then we jumped up we gapped up there and We went to 23.6 percent, which is not very consequential. I think but then we broke to the 30 percent level Then it hit the 38.2 level now is my friend Um, Tony plumber in london says if it goes above 38.2 percent that means it's probably reversed So it went it did that quite easily then it was 50 percent And now today as I'm talking to you it is above the 61 eight point 61.8 percent level 78.6 is not shown in the graph that's above that but I don't think that's consequential here So I think we're going to new highs Which of course nobody expects but given the fundamental situation We've never had such a situation. So how does anybody know what the fundamentals look like? That's right That's the understatement. Can you stay with us bill? We've got to pay for bills You bet bill meridian of cycles research. We'll be right back folks 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. 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If you'd like more information about the tiger first mortgage program, you can call me at 877-518-9190 That's 877-518-9190 The gold market has taken off top side in a large way in 2020 If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report took profits in four of its equities in the gold portfolio in the first week of january for a combined profit of 99.2 percent With two positions left in the portfolio that have a profit of 67.5 percent as of january 7th The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30-day money back guarantee So you have nothing to lose every monday morning I publish the gold report with coverage of gold silver bonds the xAU hui gdx as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report Sign up now by visiting tfnn.com. 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Sign up today Fill the s and p 500 continue to climb for bold trades on us large cap stocks in either direction trade spx l sp u u or sp x s Directions daily s and p 500 bull and bear leveraged etfs Direction leveraged etfs an investor should carefully consider a fund's investment objective risk charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus Call 866-476-7523 or visit direction investments.com A fund's prospectus and 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 The bull bear trading hour with tom and tommy o brian next Okay, we're back folks and we're talking with bill meridian cycles research bill. You've got a chart there on the s and p 500 That shows the monthly Yes, we'll go down to the monthly and as you can see look at that Trendline i've drawn up from 09 notice how it got it broke just a little bit below and then it recovered So we may be in a pretty much a last gas rally, you know yesterday even though the market was down that was just the big cap technology stocks that pulled it down because the breadth was quite positive As was the advanced decline Advancing volume versus declining volume and today you've got a nice rally. So So let's go down to bonds This is a lot less clear Notes have remained flat rather than declining Which is uh, you know march is a single most bearish month everything pointed down and marching it They rose anyway due to the extraordinary drop in the stock market that those funds had to go somewhere The breadth line advanced the clients are bond is quite extended The weekly cycle falls into mid-may But the monthly cycle bottoms now. So here's we have disagreement or conflict between the cycles The weakest time period in april has passed So the cycle cycle situation is less bearish than before So I think the net result of this conflicting picture is likely to be a trading range in the 139 141 area So essentially if bonds hold up, you know Bonds are down in the month of march almost 75 80 of the time and these cycles pointed down And yet it still rose and now when you see that that was only one month ago When you see that, you know that there's something bigger at work It's like one of these giant cycles that the last time it occurred it wiped the ferro out of all those weak positions in egypt And it's just not measurable Uh with the current technology and price data that we have So if this market closes higher in april, which apparently it's going to do the odds of higher bonds in may is 15 and 20 in other words in uh 20 years When the month of april has closed on the upside in 15 of those years the market's been higher in the next month So that's why i'm calling for this moderate trading range of 139 141 Now if you go down, you'll see what i'm talking about here. Look at the the bottom chart is the monthly cycle And you can see it points up until the end of may and as you can see the weekly cycle is already pointing down And it's down until the middle of may So i'd have to say the second half of may will probably be quite strong It will muddle through i think in the first half And i've had a lot of questions on gold lately. So let's take a look That is of course the gold seasonality. I always start out with the with the seasonal cycle and as you can see The months of uh march bearish april slightly bullish may is more bullish That's where we're headed and then you'll just note between may and september is the strongest time of the year with august and september Being the two best So that's the backdrop. We're closer to a low seasonally than we are to any sort of a high So let's look at the weekly and the monthly cycles now The great thing about this market larry is the cycles up to this point had been synchronized and if we look down down at the uh Monthly cycle you'll note. We don't get a high up until sometime in november december Q1 is usually a weak period. So this agrees with the underlying annual cycle december has seen more Significant drops in gold than any other month. So I think this this is very reliable And apparently the only down month we're going to have it indicates that august will be down But remember august is the second strongest month seasonally So it may just go sideways But right now you can see we are just coming up at the end of the month to a renewed buy signal So we're probably going to see very strong gold in the month of may And my guess is you are going to see gold up to uh 1800 or so And if we go down now to the price chart to try and get some fixes on the price We can see that big blue rectangle that I drew as I pointed out last time that is 300 dollars high And if you take 300 net is to the point of breakout of 1550 you get 1850 so I'm being a little conservative at 1800 And um What does that mean when you say the gold 1969 written on there? What is what is the notation for 19th? The daily that means the daily uh prices begin in 1969 Okay, good. All right. Great. Just wanted to make sure that's back when they used to have the old gold fix, wasn't it? Yes okay Did you I wanted to ask one other question before we move on here and that's about oil everybody's asking about oil What's your feeling on this my friend? Oh, yeah, I just put that in forbs and last sunday The monthly cycle which has been very well actually the monthly cycle The price actually peaked several weeks before the monthly cycle did way back at the beginning of the year Now if the price peaks Before the cycle that tells you again. It's the great unknown cycle pressing oil down and I set a target out of 23 dollars a barrel that was People in the middle east told me I was crazy in the fourth quarter And when it hit 23, I just used either the Fibonacci numbers or I used prior highs and lows as a guide Well below that is 17 and below that is 11 and 7 So the cycle does not bottom and I don't know how to reconcile this in other words The price objectives have been hit much faster than I thought they would have been But the cycle does not turn up until october november So it is number one It's quite possible that the price is bottomed early and right now the weekly cycle is pointing up But that only lasts until about may 13th So after after the middle of may in the second half of may we should get a renewed down move because the I've never seen anything like this the monthly cycle just points us straight down from the high earlier in the year There's not not even a little move up So it either has about number one bottomed early number two The cycle is correct and go oil is going to go to some price like seven dollars a barrel or so by the autumn Or it is quite possible that you just have a trade It's already hit it's low and the monthly cycle will depress it It'll just trade in a sideways trading range, which are kind of doubt between now and the autumn, you know, that's uh five months away So I I mean while I can tell you that it is gloom and doom in the middle east and I got an email from a friend down there And he said One of the local people and he said one guy he knows has a travel agency no money in the bank No income He's just getting on a plane and he's taking off before he gets in any if you get caught up in the court system There it's like getting stuck on flypaper. So it is best to abscond Wow, that's really Well, you can see it in a lot of other different industries and stuff But to see go or see the oil hit six dollars and then to go minus 37 I mean, I never I thought I'd see that but my gosh, I've been around a long enough I guess I seen it now. I guess I'll see it again sometime Do you know larry's 100 160 or more? Oil ETFs oil funds had to undergo some sort of a corporate action In other words, they two stocks did reverse stock splits. Some funds did reverse stock splits to get their Share price up, you know to some reasonable amount. Some of them have just folded up But 160 Wow Yeah, I know it's really sad to see what's going on over there Listen, I'm going to let you go because I know you're really busy this morning But thank you so much and I certainly want to have you on before you back to austria But we have to take a break here in just a second Could you stay with us till uh We have a question from someone and the question is is after you after you left value line How did your career move after you left value line bill? Okay You want me to answer that now or later? No after the break the break's coming right now We pay a few bills and then we'll ask to answer that question 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 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 roads 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 and p 500 for the last 12 Six and three 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 and get immediate access to workshops 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 it 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 that 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 Markets trading with extreme volatility and peaks and troughs everywhere regardless of what you're looking at in the markets This is a great time to see the type of analysis basil Chapman delivers for his subscribers Every market day with the opening call newsletter basil has been analyzing markets providing his take for subscribers to his trading services Since 1984 every morning basil publishes an update for his subscribers Along with weekend and evening updates when warranted the opening call provides traders a daily market overview With regard to the direction of the key indices selective stocks and commodities Along with specific recommendations including stops and targets You also gain instant access to basil's subscriber webinar archive from earlier this year A dark cloud cover an essential market analysis ride the Chapman wave today by signing up for the opening call newsletter On the front page of tfnn.com under the newsletter tab new subscribers get a 30 day money back guarantee So you have nothing to risk sign up today 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 and we're talking with Bill Meridian. Go ahead, bill Can you answer the question of what you did after you left a valley line? Well, first of all by the when I was working there a valley line was one of the most highly regarded services and Uh, I worked for three years 77 to 80 and there was so much political infighting I thought to myself these guys were to straighten out and they didn't and the rest of the world passed them by so Uh, I wanted to get uh, I had been doing nothing but fundamental analysts from analysis from 72 to 80 And I wanted to do technical work. So I the next five years I had two different jobs that was an institutional sales where the boss man looked at the fundamentals on a macro basis But he also looked at technicals and I was a sales guy and I worked as his assistant And then I left I left there to pick up the job that bob colby the author of The encyclopedia of technical indicators my old buddy from he was at valley line Indicated digest which was a very old venerable market letter in its last days And I worked there for two and a half years just to get technical experience And then I went to pain web or 85 to 88 doing nothing but technical analysis And uh that resulted in a layoff after the market crash, but I had already prepared Bill meridian cycles research in the old astro analyst program And uh, I hit the ground with my feet moving and that led to an introduction to the arabs and that led to Abu Dhabi So that's how it went Wow, that's pretty cool Well, you you've been around a lot a lot of time and we certainly love having you on here and thank you for your information It's been I didn't realize that and I was 71 on on saturday And I've so I've got friends. Thank you. I've got friends of mine, you know, I'm older than their mothers or fathers Well, well your friends start passing on that's when they get stuff. I wish I was 71 again Hey, listen my friend, please be safe over there and You know, do whatever you need to be to be safe because we sure Appreciate your work here and you're a certain to stand up guy So thank you very much for being on a show. We really appreciated bill It's always a pleasure. You bet tomorrow. We got the cycles dude from the uk andy pankoli. And so that'll be fun And uh, we'll see what happens. So Catch you on the flip side