 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. All right, looking good, Billy Ray feeling good, Lewis. Well, I'll give you early happy new year to everyone. Oh dear, my alert's going off already. I want to talk about the Apple to start off with. Just give me a second. I need to turn this off here because we're getting really close to the old British pound. Number, just give me a second here and I'll be right with you. I think that'll do it. I hope it will anyway. Maybe not. Oh dear, bear with me one second, boys and girls. I hit the wrong button. Yeah, I did. Just a second. Give me one second. True or okay. I posted the chart here of Apple. This is the long-term weekly chart. The reason why folks, you know, we start talking about that trade of the year or at least early last week. And then they, I said, if I had to do one, that would be it. And then one thing led to another. I got some emails saying, well, if you feel that strongly about it, why don't you do it? So I said, well, I'm going to call it a trade, but it's not the trade of the year. Folks, this is the chart of Apple. No one in their right mind would sell Apple here at $2.91 and a half, which we decided to sell it at with a stop at $2.99. And the reason for it, folks, is that it's a double ABCD pattern. It's at a 1.618 expansion and it's a weekly chart. These numbers, although they are not perfect, they work a lot of the time. That's the whole thing. It's all about probability and it's all about risk control. If you look very closely to back in December of 2000, excuse me, in August of last year, of 2018, August of 2018, we were setting in a 1.618 expansion and it was at $230 a share. And not much happened differently over the next six months, but it dropped $100 a share down to 240. Now we have an ABCD up at the 1.618. Dan Hoover is one of the best traders in Chicago. He runs Lin Financial. He writes a letter once in a while. He usually does a year-end thing and he writes an interesting thing today. And this is not about Apple, but it says when everybody's thinking the same thing, there's nobody thinking. Now, I don't know anything about thinking. That's at least of my hard jobs. I look at little bar charts and that's what I try to look at. Apple's stock has everything going for it that could possibly be... They have more cash than God and she's not even shopping this Christmas. They have free advertising. They have a great product line. They're the number one stock in the world. They're the most expensive stock in the world. Everybody owns the stock. Everybody loves the stock. Of all the analysts on the street, there's not even one that has a cautionary note about Apple. And here I am, a little old cowboy out there in Tucson, Arizona. It's $8. Because I think something's going to happen and I don't know if it's going to happen or not, but if it does, and if it does, it's going to pay off pretty good. That's all I know is the risk reward on this is pretty good. So that's all I'm saying. Of those, I've done 14 trades of the year. This is the last one. And so this is the 15th and you never lost any money on any of those 14 trades. Sometimes you didn't make any money, but some of them were home runs, but that's neither here nor there. Okay, look, here's what's going on really important right now, folks. Let's just give it to you from the audience as I see it right now. Here is the British pound. We were just talking about it making new highs. The Euro has already made the 61% retracement last night at 120.09. That was it. To the tick by the boom, to the exact tick. To the tick by the boom, by the boom. Whether that means anything, I don't know. I'm going to slow down here just a minute here, boys and girls. Bill Meridian will try to be our guest today at 9.30, and I have another special guest right after the first of the year right from the old foundation from the study of cycles. Mr. Moki is in retirement, but he's going to come on and chat with us about cycles, which will be a lot of fun to listen to him and that'll be very interesting. Something else is really big happening in the markets, folks. Here is a hourly chart of the U.S. Treasury Bond. Now look at this, folks. We are down almost two handles from Friday's close. That's a $2,000 move overnight. Well, in a day and a half. This is not good, folks, for Treasury Bonds. Excuse me one second. They have been trying to feed us Treasury Bonds as filet mignon and they taste more like tripe. These are not acting very bullish, folks. The rate has risen to 1.9% now in the Treasury Bond. Remember, 4% was normal for many, many years. I don't know anything about this, but Bill Meridian is going to talk to us about that problem in China. You're going to be, hopefully, we get him on for the whole amount because he's got so much great stuff, but he is going to knock your socks off today, folks. He really is, so I hope you stay with us and listen to what he has to say and hopefully we'll have him on because sometimes there's some technical difficulties here and there, but that is either here or there. The main things this week as we come into the new year and a lot of times currencies make some pretty significant swings during the new year and stuff like that, so we want to pay attention to that, especially since that year we hit 120.09. That means that the dollar index is making a double bottom down there that we talked about before. We had a little bit of a rally then the pullback making new lows. That's why it's so very, very important because if it doesn't turn from here, that means the U.S. dollar is going to continue down, where we are now, folks. We're down to point D again. Let me just get this up here so you can see it. We're down here at 96 and change because we've made a new low, all right? That's what we should have did and is that low is being made now here at 96.20? The euro is making the exact 61% retracement to the tick at 1.209. Folks, that market is a trillion dollar market. I mean that dwarfs the bond market, it dwarfs any market. But it's a very big market. So it's hitting that number, so we got to respect that number because that's what we look at here. We look at numbers and ratios and that's what we're watching. Another question asked, what is the probability of this Apple trade working? I don't know what the probability is. All I know is the risk involved in it. Most of the trades let's just give it a 50-50 chance. All right, folks, if you've got a 50-50 chance of winning something but it's going to pay you four times what that coin toss is, isn't that a pretty good deal? That's what I'm trying to do is when I'm looking at that. Now let's get back with the rest of the program that we usually do. Let's take a look here at the DAX Daily here. Let's get this up here so we'll be able to see it here and we'll be able to take a look at it. All right, someone else asked me to do this. I don't particularly want to but I'm going to. This is why I teach, folks. This is from my friend over in Italy. I've been trading for over 20 years now. He said some nice things about me, but the most important thing is he started learning back in 2002 and he's still going, going strong and doing well. So the key to this is just don't stick with it. You're going to make it if you stick with it. That's the whole key. So please remember that. That's the key to this. Stick with it and you'll make it. Thank you for your time, this was the Facebook page of the long haul 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'Brien just hosted the best way to use the Taz profile scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also and you'll find the task profile scanner under the services tab. Sign up today. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. 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Details on the Tiger's Den are on the front page of tfnn.com. 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. We're back, folks, and we have Victor from New Jersey on the line. Victor, are you there? Yeah, you're doing it. I put the Fibonacci retracement on. 0.618 brings Apple down to 230-244. Is that your first price objective? There's some gaps. So, like, what's your objective if you're going to go out with this? Well, the first objective, that would be very good when 232, if it goes from 290 to 232, that's 60 points. That's pretty good. But I would be watching the 382 retracement, which takes down to about 275. That's the first one. If we get there very quickly, Victor, that will tell us that something is, you know, that's going to correct. There's nothing, but it might not be anything wrong with the stock, but it's just going to correct. 275 is the first. That's why people sell right now. Oh, I have. You could pick anything you want that could happen. Maybe a key executive's leave, you know, China disallows them. Anything could happen. Who knows? I don't know. I'm just looking at the charts, and it may or may not work. What about BP? I'm looking to buy BP to stock, because it pays a really good dividend. Should I wait, or does oil look like a good buy right here? BP Amaco pays like a 6% dividend. I'm really not involved in that, Victor, so I can't help you very much. I'd be really careful now, because people are searching for higher yields, and yields are going to be going higher and not lower. So as long as you get really good quality stuff, triple A. Would you touch oil? Yes, I know that. I understand that, but I don't follow it, but I'm not bullish oil here. I think oil is going to have trouble here at $62 a barrel. I'm trying to beat what I should do. That's my two cents worth. Or a short apple. Apples weigh overboard on an R, and I start, too. Yeah, just a little bit overbought. If you short apple, you have to put a stop at $299. And you could be there today, I don't know. But that's all I'm looking at. That's all I can tell you. Today's the first day it's not up pre-market, which is very suspicious. You know what I mean? Yeah, all right. Have a great day, and have a good new year. Victor, believe it or not, people said, am I responsible for it being lower or today? Believe me, I can trust you, I'm not. So happy new year to you, my friend. No, no, your numbers are good. Maybe you hit the money this time, and you can retire. All right, take care. I want once in a while. You bet. Okay, folks, we'll keep looking. Looking out. I had another thing that I wanted to, I showed you the DAX. I wanted to show you the footsie on the daily because we've completed a really beautiful pattern here if you'll be able to see. Hold on one second. And we're having a question from someone about the crude volatility in excess, something to do with the price of crude. Well, it has to do with the volatility of crude, but I don't know what the rest of it is. Here's the footsie. You'll notice that we made a double top here in the footsie, a perfect ABCD. I mean, exactly perfect. I don't know. Folks, the main reason why I didn't do trade of the year is because of the millions of questions. Where's it going to go? How much should I risk in my portfolio? Folks, I don't know those things. I really don't. All I do is look at the patterns, and I try to give a rough assessment of what I think is going to be. When I see something that's very clear, then that's what I try to do. And, you know, believe me, the whole key to this business, folks, the whole key to this is the best loser wins. The best loser wins. In other words, a guy that loses the least is probably going to win. So that's what you really want to try to do is to do something like that. I wanted to show you something here. This is a very, very long term. It goes back a year in the Euro. Just give me one second to get it up here. I just want to show you what somebody does just to give you a 10-4. This is the Euro. You'll see these trend lines. These are what they call valid trend line breaks. And you can see that it gets you on the right side of the market. This is some of the things that they use in instant. But the reason why I'm bringing this to your attention, folks, is I want you to look at the blue line there on the far right where last night we were trading at 1-19-12. The high today was 1-20-09, I believe. That was the exact 61% retracement. We're now 20 pips below that level. Now, does that mean that's going to be a high? All I know is a high for early this morning. So that's really what I'm watching here. So pay a close attention. We had a really strong day on Friday. But remember, Friday was a... This is holiday week. So you're still going to be getting a lot of holiday stuff going on. That won't end until next week. Then things will be back to normal as we come into next week's trading. So this is why it's so key here in the Euro and also in the British pound. They're all doing the same thing. And that's what we're trying to do. Yes, Tucker, that's what I'm trying to do. I'm just trying to give you opportunities to see the patterns that we're looking for. I only get you for 46 minutes a day. So we'll see. Yes, the grains are acting a little better. They're hanging in there pretty good, whether it's related to anything going on to that China stuff or not. I have no clue. I really don't. I really don't. The main things to me, looking at the market today and listening to what Bill's going to be talking to us about hopefully here in the next segment, it's going to be very, very interesting to see. And he will be with us. I just chatted with him. So we'll be in great shape here to take a look at it. So anyway, those are just a few of the things, but the bonds being so weak is one thing. And number two is the fact that the Euro and the pound have hit those exact numbers. And that to me means a great deal from a technical perspective. So that's the main thing. All right, let's keep moving on here. Let's take a look here at the old, get back to the old cryptocurrencies for a second. Let's get this up here. This is the chart, the shorter term chart of going over the last six months of Bitcoin. And as you can see that number, we made 6400 folks. That 6400 number was a major daily, long term daily, going back quite a bit. And it was also a 382 on an arithmetic chart. So logarithmic chart. So a very, very important date to see what it's going. I'll get these raspy frogs out of my throat here in the next couple of days. I won't be with you guys on Thursday, but I will be with you on Friday. And we'll see how the new year comes out. I've got some things that we're planning. I think it'll be really interesting to look at as we go through some of these things. But the grains are looking a little bit better. I think we were with some really, really key points here. Let's take a look at the corn here, because corn has a really, really nice little bullish pattern here. If you take a look at it, this is the March corn. We're over in the March now. And you can see how we've been at this really, really tight trading range here for the last eight days. And we closed the upper end of it. That's telling you that market wants to go higher, folks. It really does, because you came down. You almost made a double bottom at 90%. And now you've popped up and it's starting to move. And it's moving. This isn't the time of the year that you usually get seasonal strength because it's the holiday season and it's also hedging. They're bringing in the crops. And a lot of these guys are going to have a hard time storing it because there's so much corn out there, but the market's still moving higher. And the technical part of it tells you that that means that you're probably going to go up in corn. That's what it looks like. Your risk here is extremely small. You've been in the 5-cent trading range for nine trading days. My gosh, you don't have to be a rocket scientist. You have to be a rocket scientist to figure that out. If it goes below the end of that range, there's more selling. If it goes above the range, there's more buying. That's really the only thing you have to ask is, look at that. You don't have to listen to all the news and stuff. So whether that means anything or not, I don't know. But we're going to have Bill Meridian on at the break here. So pay attention. He's got some really blockbuster stuff, in my opinion. 877-927-6648. This will be a chart or videos or both the key markets that he is watching during the day. This will 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. There's nothing to risk. Sign up now to Larry Pezzavento'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. 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Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Okay, we're back, folks, and we're talking with Bill Meridian in Cycles Research out of Austria. Bill, how are you doing? And happy New Year to you, my friend. Oh, pretty good. But I'm in my home in New Jersey in the middle of a rainstorm. Oh, you sound... Your voice... We must go to the same voice coach. I had a sore throat for a couple weeks. Listen, Bill, I don't want to keep you very long because I know your voice is a little off, but bye. When I saw what you were getting ready to show us today, I was really excited. Bill, why don't you tell us... Let's just start with the Cycles schedule here, and you can just continue with that. How's that? Sure, whatever you want to do. Well, I think this is not... By the way, this is new, this voice, just since I woke up 30 minutes ago. So I think we're in a real change here. My guess is the market is topping and will be lower by the end of January, and it is not going to be as robust a year as last year. The Cycles schedule... Well, first, the 21-day cycle expires on January 10th. That's the Sun Mercury conjunction in Capricorn. And it is not... The market doesn't necessarily drop after that point. It rises 84, 85% of the time up into that date from three weeks before. So that will be gone in the 10th. And the end of the month period, the end of the month strength, runs from about December 15th to January 11th. That peaks out, obviously, on the 11th. Then the weekly cycle, which we'll look at, will top on the 10th, and the monthly cycle tops on the 13th. Now, the 12-year cycle is in a down phase. That means Jupiter is in Capricorn. That declines into February. That one I don't mention very much, because it's 12 years longer. It doesn't give a signal that often. It's actually a bit longer, which is Mars. The sign is actually topped back in October. But the solar cycle is much more powerful than that. So the solar cycle will be kicking out here. And more important than anything, 2020 is the year ending in a zero. And such years have the most bearish returns. So let's go down one slide. And that is... That's an actual graphic projected on this year. You'll see that the effect is exact on the 10th and the market tops a few days later. So that's about the 13th. So that is the Dewey effect. It's a sun-conjunct Mercury and Capricorn discovered by Ed Dewey. So if we go one more... Now you see the weekly and the monthly cycles. The weekly on the top hitting a peak around the 10th and the monthly on the bottom hitting a peak on the 13th. So for the second half of the month, they'll both be declining. Now let's go... These are the most important cycles. Let's go to the next group. Now the one-year cycle you see at the top, that's obviously the annual cycle in any year. The four-year cycle is the election year cycle. And right now we're in the election year, which is the second strongest cycle of the four years in the election cycle. But look at the green cycle, which is the 10-year. You'll notice it's a downward year. Years ending in zero are the weakest annual pattern for some strange reason. Just look back at 1980, 1990, 2000. So that plus the two cycles we just looked at is enough to get me bearish. And then at the bottom you see at the blue line is the addition of the one four in the 10-year cycle. So we had, as you remember the last time you had me on the show, I pointed out this 21-day influence of sun-conjunct Mercury and Capricorn. And we've had that and we had a number of bullish influences and they're all peeking out here between the 10th and the 13th and then these bearish ones take over. And to give you some idea of years ending in zero, we go down one more. Now this is the annual histogram from 1885. It is all years ending in zero by month. And this is the expected return. In other words, the probability of the market will be up multiplied by the percentage up or down. And as you can see, the first five months of the year have a negative return, or five of the first six months have a negative return. The only month that is historically shown a positive return is March. And in fact, only one, two, three, four, five of the months show a positive return. So again, that's the expected return for each month. In other words, if the market is up 40% of the time for a 0.1% loss, then you would get 0.4 on the left axis. So essentially, I don't see, and let's just go down one more. Here are some facts about January. In an election year, the DJI has risen in January 45.5% of the time for zero return. Any year ending in zero, the DJI has risen in January in only 38.5% of all cases for an average loss of 1.4%. And in the six election years, that have also occurred in years ending in zero, which is what this will be, the DJI has risen in two years out of six for an average return of 0.8%, minus 0.8%. So if we look at the election year, if we look at the decennial pattern, if we combine the two, we get a negative return for the month of January. So as we know, if we look at the decennial dates approach, the market should somehow reflect what we're seeing. In other words, a bullish sentiment would be, the one thing that is very definitely not bearish here is momentum. Momentum is great. The markets are at new highs. The advanced decline line is at new highs. But in the background here, and let me, I have, when I'm in the States, I have CNBC on every day or Bloomberg, they usually at least have one doom and gloom guide. They haven't had a day bulb and washed away in the last month. And so the first item on page nine, for most of the year, I've been pointing out that hedge funds were under-exposed to stocks. Historically, that has led to high returns. Remember when I was on earlier in the year, I was saying, you know, at June 30th, they were up 6% or 8%. They had just left out. They had not participated in the stock rally. So now their exposure has risen to the highest level in years, a rutch to catch up to the market is the side of the top. You can also see this if you go to the RIDEX family of mutual funds, as everyone knows, they have long funds and they have inverse funds. If you divide one by the other, that ratio of assets in bullish versus bearish funds is near all-time highs. While the percentage of cash held in the money market fund just hit an all-time low over the last 25 years. And against this backdrop, you have AA, it's American Association of Individual Investors. Their sentiment remains very optimistic. I think it's 42% bullish. And the recent cycle, the NA, AIM, that's Investment Managers, reveals they are heavily exposed to stocks with a high degree of confidence. I could have filled up another two pages, Larry, with the premiums people are paying on call options and other items. But, you know, somebody just paid $120,000 for a banana taped to a wall as a work of art. And Babe Ruth Spatt just sold... I saw that in the news. Yeah, Babe Ruth Spatt sold for an outrageous amount. I went to Thanksgiving dinner and I sat with two art experts at the table with other people. And two of them were saying, we've never seen such high prices paid for mediocre art. In other words, the high-priced art has zoomed so much, it's let, you know, the poor millionaires and the poor billionaires now have to buy the crummy art because the expensive art is so high. Yeah, wow. It's amazing. We'll take a little break here and we'll have you back for another segment. Will that be okay there? Okay, folks, Bill Meridian cycles research. 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The Bull Bear Trading Hour with Tom and Tommy O'Brien. Next. Okay, folks, we're back with Bill Meridian of Cycles Research. Bill, the people in Wall Street must be listening to your show today here because the stocks have just broken about 100 points in the Dow. Here's the chart of the notes, I guess. Is that the one you'd like to cover next? Yeah, I didn't even notice that change in my back to the TV. Well, I just wanted to finish that story. I was at that dinner and the price of mediocre art is soaring because the point I'm trying to make is the Fed has stuffed so much money into the system that everybody has enough money to buy anything. And here, I live outside of Princeton, New Jersey, and I bought this place in 2012, so I decided just to look around to see what's happening. And one of these units, the type that I'm sitting in just sold for three and a half times what I paid for it in 2012. Oh, my goodness. 3.5 times what I paid just 7.5 years ago. And I have a friend who develops real estate in New York, New Jersey. He said he's in Philadelphia because that's where it's most reasonable. And he made bids on three buildings. And, you know, I've been asking him, you know, over the last two months, how is that going over two or three months? The people will not come down in price, which tells you what? It tells you that people who are holding real estate are expecting it to go higher. And if you take contrary opinion and apply that, now the real estate cycle, which is not part of this, maybe I'll do that next time, does not peak until about 2022, 2023, which tells us if stocks are going down, then maybe that money is going to find its way into real estate. So I don't think real estate holders have much to worry about. But when I was in New York, and I walk around my old neighborhood, NYU Greenwich Village, and there was so much empty retail store space, it's really unbelievable. And at one corner on Bleaker Street, all four corner stores are vacant. And in fact, there have been articles about a retail space glut crisis. I think they called it in the newspaper. And in fact, a friend of mine just bought a building for 2.1 million and put our new art studio in Bushwick, Brooklyn, pushing out further. Now Bushwick is starting to become like Greenwich Village. It's starting to have high-end venues. And in fact, they have one, there's a place just to give you an idea of how much money is floating around if you have it. They have Dwayne Park, which is at Bleaker Street in the Bowery. A reservation on a Saturday night, booked up a couple weeks in advance, is $150 per person. It's a French-style burlesque club. You have burlesque, and you get a very nice dinner. And we started talking to one of the dancers, and she said, well, there's another venue on Bushwick I'm doing. And that's dancers, singers, acrobats. The cheapest ticket is $150. The elite ticket is $450 with unlimited champagne. And meanwhile, on the other end of the spectrum, there's plenty of empty retail stores based in Manhattan, only a subway right away. How's that for a contrast? So if you want to go down one to Bonds. Sure. You got it. We're ready. So here's the bond market projection. And look, it peaked right on the cell signal back in November, and that is the monthly note. So this is why I turned in my report. I turned bearish for the month of December, and I'm remaining bearish, because the new letter will go out in the next day or two. And let's now look at the monthly bond histogram, and you see you're in the weakest part of the cycle. In fact, January is usually up, but the dynamic cycle points down. And there's no help from the seasonal cycle. You can see March is the most bearish month. So between here and the end of March, I think I would not be wanting to buy bonds. I would lighten up on my holdings of our institutional fund manager. And let's take a look at gold. And as we can see, gold is going into its best seasonality. These figures are from 1969, by the 1969 to the present. So it's 51 years. You'll see January and February are the weakest, the strongest months, and then the seasonality peaks out. So now let's overlay on this dynamic cycles. And here we go. The weekly cycle on top, bottoms January 4th, and the monthly cycle on the bottom, bottoms January 8th or so, but gold is already rising. So gold looks pretty bullish. And if you want an objective on it, we go to the next slide, which is a slide featured before. If you just count that you'd make a projection from the formation from which gold broke out, I get $1,650. So I think we'll be there by February. Well, it's certainly moving pretty fast these last week, for sure. That's started in the right direction. You've been bullish on that for quite some time also. And if we can go down one more. Here's what I said before. I couldn't remember. The bat that Babe Ruth used to hit is 500. Her home one was auctioned off two weeks ago in Southern California for more than $1 million. And then I mentioned the banana tape to the wall. I could give you a bunch of examples from the world of art, but that's just one. And other reasons not to be cheerful here. There's a mountain of debt in China, the Great Wall of Debt. This is from Bloomberg. And it shows China borrows face mounting debt maturing in 2020. And that's the debt that's maturing. Now let's go to the next slide. And this is Chinese Bond defaults at a high in 2018 projected to also be quite high in 2019. And Pluto in the horoscope for China is going over Jupiter five times. The last two times are September and October of 2020. And that is exactly when the panic cycle, which is not part of this presentation. I've shown it before. That's exactly when it peaks. So I think one of the fundamentals that they will point to it is you and I know Larry, when the market goes up or down, they reach for either the defect of bullish news trying to inform listeners why the market is up or down. I think problems in China with the Chinese economy contracting will be number one. Number two, I think sometime in before February is out, you're going to read of problems in Saudi Arabia. A lot of people there are upset with the new king. The young guy is very liberal and a lot of the older folks don't like that. And then in June, I think the Hong Kong crisis is going to boil over again, but this time I think China is going to become much more heavy-handed and repressive and probably a lot of arrests. And that's another item that the news will like. And in the second half of the year, I think by the fourth quarter, India and Pakistan will be fighting over Kashmir again. And outside of that, I see lots of help-wanted signs and everybody in the building trade here in northern New Jersey and New York especially in New York, they're doing a lot of renovations. Everybody's got too much work. So I can't say that the economy is very weak in certain areas and some new innovations. My friend had dinner with a guy who's going around buying vacant shopping centers and he's converting them into transportation points for Amazon. So in other words, there are storage facilities and shopping facilities for Amazon. They become vacant, of course, due to Amazon. So that's one of the new trends I've developed. Sure. Hey, thanks for joining us, my friend. I posted your information on how they can reach you and everything. One question, do you have any thoughts on Bitcoin? No, I don't. Sorry. Okay, thank you. Happy New Year to you. Happy New Year to you. Sorry, buddy. Make God bless. You bet. Bye-bye. Many and folks, cycles research will be right back. 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From all aspects of the markets including stocks, bonds, metals, commodities, and tech there's a newsletter to fit your needs exclusively from tfn. 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 tfn.com and click the newsletters button under the top of the page. tfn.com Educating investors. Since 1984, Basel 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 Basel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basel found that computer software which included the standard market technical indicators enhanced the degree of accuracy in 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 Basel 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 Basel's daily trading newsletter by visiting the front page of tfn.com. Cancel at any time during that trial and pay absolutely nothing. Get your two-week free trial to Basel's newsletter of the opening call today by visiting tfn.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 tfn.com. Okay, we're back, folks, and I wanted to thank Bill Marrindian again for being on. It's always a joy talking to him, but it has been bullish both stocks and bonds. The switch is very, very important, and that's cool. I think we were glad to have him on whether he's going to be right or not. I really don't know, so we'll just have to wait and see. We'll see what's happening with these markets here. We've got Apple down a little bit, so if you did that Apple trade, what you could do, folks, if you wanted to really play it close to the vest, put your stop at break even if you'd like. And we'll see what happens with this puppy and we'll go from there. I think some of the things that Bill talked about about those bonds is really important because of what we're seeing in our market. Folks, they've been feeding this stuff. They call it caviar, but it's not what it is. It's fish eggs, and I'll tell you because these negative interest rate thing is going to, history books are going to be looking at that and say they said what? What's that two cents worth? Whether that's going to be the key or not? Someone's asked me to comment about the British pound that I was talking about just a little while ago, and I was just doing some research that we've been doing with John Jamison. You know that big number we had up there was the big 786 number at that 135.10. The number was 134.65. It broke 500 points. It's now rallied back to 131.42. That is whether it's going to be a good one or not. We have to wait and see, but that's neither here to there. Let's keep a close eye on that one. Also remember the Euro's got some really strong resistance up here. It's trading right back at that 618 again right now. It pops above it. It means that US dollar is probably going to go lower. Tomorrow we'll have the regular show. I don't know if there are hours in the market or not. I want to wish everybody a happy new year. There's not going to be here tomorrow. I will be traveling on Thursday. I'll see you guys on Friday. We'll have another great show then. I'm hoping to have Richard Mogheon right after the first of the year. He's in retirement, but he's going to come out and chat with us a little bit. Live every day in an attitude of gratitude and may God bless.