 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. All toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, looking good, Billy Ray feeling good, Louis. I've posted the chart for the DAX and also for the footsie to take a look at. You can see that we've been in extended trading range here for quite some time. A little different than what we have here in the U.S. where stocks go up just about every day. We're going to do something a little differently today, folks. I had to do a, well, I didn't had to, but I always enjoyed doing it. I was interviewed by one of the firms out of London yesterday. And the thing that they wanted to talk about was the fact that the old floor trading days. And I didn't think they would be interested in it, but by golly, they certainly had a strong interest. Now, what I've posted into the den today is the trading cards that we used on the Chicago Mercantile Exchange. And let me explain to you why I went to Chicago because I think it's relatively important. I know it looks very faint because that it's old and faded. It's 40 years old. So I'm sorry about that, but it shows you that my badge was Paz and B-19 was my member. Well, my member number was 618, but my B-19, forget what that number was for. I don't remember what it was, but anyway, that's really what it was. Okay, let me explain to you why I went to Chicago. When I was at Drexel the last years there of 81, 82, I was working very closely with John Hill on the opening price and a whole bunch of other stuff. And I would go back to Hendersonville, North Carolina, and work with John for four or five days at a time. And we were beginning to see that we were going to see these desktop computers become very, very popular. Computrack down in New Orleans was working on one with Walt Bresser and a couple of others. I think Jake Bernstein was involved, and that took off and became very, very popular. So that's how I first met Mark Douglas in 83, and we could see that these machines were going to be coming and we were going to be doing something different than calling in our orders. And so we'd be able to trade at home. Well, John always was a little skeptical because he thought the floor traders flashed the stops. And so when I got ready to take my seat at the Chicago Mercantile Exchange in January of 82, one of the things that we decided to do was to check out, to make sure that your orders were really well protected when you put your orders in Chicago. And even though this is 40 years ago, folks, it's still relatively important now because even though things are a little more complicated, they're still pretty much the same. But you folks have a tremendous advantage now. You basically have a seat on the Chicago Mercantile Exchange or any exchange you're ever trading if you're trading electronically because let me explain to you what it was like. Those trading cards, you had to have a stack of those every day when you went down to the Florida trade. And I traded basically the first week I traded in a pit. After that, I didn't trade anymore. The reason why is on the first day I got hit with a $3,000 out trade. In other words, a guy said he did a trade with me that he didn't do, which I knew what was happening, but I didn't know how to prevent it. So I had to go to arbitration and we had to split the difference, which was quite a bit. And then finally, on the last day of the week, in my first week, I got tagged for $6,000. But this one was a little different because the guy, it was just third offense. And basically they asked him to leave the exchange and he had to pay the difference because it was a good trade. Those were called out trades and you had to have an out trade clerk to match up the buys and sells. That's what those cards were for. The clerks would come by and pick up the cards and they would turn them into the exchange and they would match up the buyers and sellers. If you think that's not hard to do, you're in the midst of a battle and you're scribbling down, I mean, I don't know how they ever did it. There was a broker there, Ricky LaRance, Harry LaRance's younger brother. He was the greatest floor trader, floor filler of all time. He did everything by memory. He had a photographic memory. They were the exact time, the exact price of every order he did all day long. And he had hundreds of them. He was a filler in the T-bill pit. And that was the biggest pit at the time because interest rates were 12%, 13%, 14%. So after I got down to Chicago, I got my seat from Jack Waldock. I got one of his seats and then I worked. I put all my business through Lind Waldock, Barry Lind, because I had done all my meat business with Barry Lind. When I was in Beverly Hills and I had a really good relationship with him and they gave me my own clerk and her name was Jan Sklar. And she was the daughter of one of the floor traders in the hog pit, Jerry Sklar. And so everything I did was through that and so I was able to do the order. So basically when you went into the pit in the morning, now I'm new. See, so I'm the low guy on the totem pole, so I've got to be really careful. I don't know anybody back there other than a few guys that I met over the years when I went back with Drexel, maybe three or four people and those guys were in the desks upstairs. My first day there, I'm looking down from the T-bill pit. I'm standing way in the back out of everybody's way and I see this guy come in and he's wearing these old rubber galoshes and he's got this cashmere overcoat on and this fedora hat and he's really, really got some expensive clothes on and I see him go over to the Goldman Sachs desks and I'm smiling and laughing and I said, look at that, he's got this $1,000 outfit on and he's wearing galoshes and his clerk, Marianne Gordon, pointed it out that I was smiling or laughing and she took his galoshes up to the lockers and stuff and he walked over to me and he said, why are you smiling and laughing? and I said, really, it's funny, I said, you're wearing galoshes and I said, you have all this beautiful clothes on and I said, I thought it was rather comical, I certainly didn't mean anything and I apologize, he says, no, and it was Byron Tucker and he said, I'll talk to you during the break, you know, because he did take a break and he ran two desks, he ran the desks for Delcher, which was Leo Malambit and he also ran the desks for Goldman Sachs, he had a whole bunch of employees doing it and he basically was doing the Delcher desk to help out Leo Malambit so what happened was when the pit started, the brokers would come in early in the morning and they would hire a clerk to stand in the pit at their spot that they wanted to trade because it was first come, first serve, so you had to be someone in there standing and the T-Bill pit had probably 300 people in it and so there had to be, the key ones were the ones that were closest to the top step which was the lead contract, like right now it would be March and that's where the order fillers were, Rick March was one of the biggest order fillers in the T-Bill pit and he had probably five girls and he would be facing into the pit looking at the orders and the girls would be behind him with the orders, they held the desks and they would hand the orders to him and he would fill them and it was organized chaos, folks, I couldn't understand what was going on in the first few days but then after someone explained to me what was happening, it was really quite easy but the orders would come in and there would be people on the phone back about 20 or 30 feet there were also hand signaling to the girls if a big order came in and you got to understand what the hand signals were if the guy put four fingers on his top and waved it, it was for 400 and if he waved it sideways it could be 800 but if it was a really big order in thousands then that phone clerk would walk over and talk to the broker, he'd talk to Rick March and whisper in his ear that that was something big was happening, when that happened you had to be really, really careful because you didn't want to be on the wrong side of that big order so that's how that worked, I hope you're interested in this because this is how it worked but it's a lot different now, we'll be right back 877-927-6648 If you're not currently using the TAS Profile Scanner when looking 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stories that I learned My main reason for going there to the exchange was to see that these stops were really protected I found that out during the very first week I saw that these decks were very tightly held and they were called Million Dollar Decks they were called Million Dollar Brokers Million Dollar a year filling paper They got paid $2 for every contract that they filled So if it was a 400 lot order he made $800 on that contract That was $2 in, $2 out I was a $2 broker because I handed my orders into the pit I actually did not go into the pit after the first week because of those outtrades All I had to do was just hand my broker directly to Mark He could fill it and I could get it right back I had a total cost in of $2 Total cost out $2 and no out trade problems and that was the main thing that I was worried about was these outtrades because those were the ones that could have had some thieves down there and you had to be really, really careful Back in 1996, 1997 I think his name was Harry Houtkin became one of the source bandits and those are the ones that forced the NASDAQ to go to a decimal system instead of being quarter, half, quarter, half quarter, half on the stocks on the decimal system and that made the price of the executions drop exponentially Instead of paying a quarter to get in, which was 25 cents, they were trading for 3 and 4 cents and that continued on until they forced the stock exchange to do it and the New York Stock Exchange and that changed all the trading and then of course the internet came in and we got the phones coming in and all this stuff but the orders were still protected because everybody has pretty much their own exceed on the exchange all you have to do is just to monitor where the bids and offers are and what the spreads are that's the main thing the reason why I went to Chicago as I mentioned was that was the main reason to see if that was fair it was about the third week I think it was in January I was there and Jan Sklar was my clerk as I mentioned before the yearly supply it comes out every January for cattle and it was so bullish that they said cattle would be up to limit 3 or 4 days in a row and I had shorted 2 contracts of pork bellies and I really thought I was going to get killed so I went over to Jan and she knew the girl that held the deck for Marty Zeitman who ran the lead filler for February bellies and so I asked Jan I said see if you can get this on top of the deck so maybe I can get out with one limit so she walked over and was talking to the clerk and then the clerk was talking to Marty and then he talked to Jan and she walked over to me she said he wants to talk to you and when she said that I knew I was in big trouble because I was jumping over some strong rules there so I just said okay they're probably going to throw me off that's it, what can I do so I walked over and I apologized immediately and I said I'm sorry for doing this I've only been down here a week and I don't understand everything that's going on he said so pork bellies are going to be up the limit and I said well cattle are going to be up the limit 3 or 4 days I figured pork bellies are going to be up or pork bellies are going to be up the limit kid and I said well I don't know and so he had his deck and he opened his deck and the very first order was to sell 2,000 February pork bellies at the market this is when bellies traded big numbers and he closed the thing up and he said just go back over to those financial markets and trade with those animals and leave us over here to take care of our own business and cattle opened up about 10 cents and were immediately limit down to trade for 2 days they went limit down 2 days in a row so it was the only time I ever saw a deck in the 2 and a half years I was there on the floor that was the main thing that I thought you'd like to remember one of the best stories that I have that I remember very vividly was back in late I think it was August 31st of 1983 I like to trade gold because gold had calmed down and it was trading like a 5 or 6 dollar range and it was really quiet in there compared to the T-bill pit and I would go into the gold pit because I knew all the gold people in there they were all pretty straight shooters so I could fill my own paper and I do a couple contracts here and there and I'm in there and it was a little not very busy but this one broker Richie Singer kept getting right in my face I was trying to buy a 2 lot he was trying to sell me a 10 lot I only wanted to buy a 2 lot and finally I just I gave in and I just took the 2 lot or the 10 lot and said take them and so I got it I walked out of the pit I was really angry with myself so I walked back to the Lynn Waldoch desk and it was way on the other side because the gold pit was over in the financial Lynn Waldoch was over in the meets it was probably 150 to 200 feet I was skinny at that time so I could make it quickly so I was walking over there I got to the to the Lynn Waldoch thing I gave the order to Richie and I said Richie I said take this in and just get me out of the market I said I made a mistake and so he said okay so he starts walking and he hasn't walked 10 feet from the Lynn Waldoch desk and the exchange exploded I mean it just went crazy I mean it was it was really we had an S&P pit but there was nobody in it they weren't even trading the S&P it was like 102-103 something like that but everything went nuts what happened was a Russian airliner Russian rocket one of these fighters had shot down Korean Airlines 007 was the flight number and gold spiked and I got out of that gold oh my gosh I had no I had no control because by the time of Richie got there you know it was so crowded I couldn't do anything but time Richie got there I got out about $14 higher and then I got in it which was really really great and what happened was at the end of the day I went over to the little Catholic Church on the way home from the work I lived at McClure Court over on the lake and I would walk over to Lake Michigan and it was only about a mile and a half and I would stop at this little church light a candle and stuff for the people that had died I'm coming out of the church and there's this couple there speaking to the priest and they're both crying you know just really really just everything you know and I asked the priest I said what's going on so these people were having some trouble he said someone stolen their stuff and they didn't have any money to get home and so I was able to able to get them home in comfort so I was did a little something in good deed that day but when I went back in the pit later on when things calmed down I walked in and you know the gold was still up about 12 bucks and I waved over to Ricky and gave him the thumbs up and I said thank you buddy you know and I did it sincerely you know anyway that way I've got a whole bunch of other stories I'm not going to bore you with them but remember these things are really the same the orders you still have to know what the heck you're doing if you're going to put an order in so that's it we'll be right back 877-927-6648 Larry and a summary on the charts and videos that Larry sends out and throughout the week when warranted Larry will send out via charts or videos or both the key markets that he is watching during the day 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 6 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 the 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 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 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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 one of the folks here tfnn put a question into the cards ever get mixed up to buy sell the sell was in red the buy was in blue yes but they did they sometimes had to turn the wrong way that's what the Outrade clerk's job was to sort that all out Byron used an Outrade clerk Rich and he was the number one guy down there he was indisputable he knew where everything was and it was much easier when you had somebody like that on your team to be able to do that than if you didn't so that's just neither here nor there sometime down in the future I'll probably bring some more stories there's a lot of them there's a couple of them that are pretty interesting standing in the backside of the T-bill pit and he was kind of offended by one of the best traders down there Herschel Herendorf he was really an amazing man he died just a few years ago but he made millions of dollars in the T-bills and other things too but he got tired of trading and he quit trading in 86 or 87 I believe and went in and bought a bunch of other business he bought a jet service and a whole bunch of other stuff and he was respected by everyone and for some reason I know what the reason was we were chatting back there one day and I asked him a little bit about his family he was from Israel and he had a mother who was sick and she was and she had to take pork insulin and of course I worked for Eli Lilly and he was saying they were having a hard time getting it sometimes it was difficult because it was different than the beef insulin so I made a call to the medical department to Dr. Griffith who I worked with for about seven years and I asked him if he could set up something for me and he was able to contact her physician and she got a lifetime supply of that stuff which was really good and from then on Herschel became my friend and he and his brother I got to know them relatively well and so he was a big help if I ever had any trouble if I didn't have to go to Byron I could go to Herschel and that made things a whole lot better for me so that's some of the things that I did one of my most another memorable experience was there's several families that were down there folks that they were third generation traders down there and for right now I just can't think of the name but I'll think of it in just a second but there was a little the young fellow had just graduated from the University of Chicago and he was down there trading with his brothers I'm trying to think of the name I'll remember and he was in the T-bill pit and his dad said to him he said you got a mistake here he said go in and correct that mistake and so he went into the pit and he came back out and he showed his dad the card he said you doubled up he said what's the matter with you he said you did the exact opposite of what I told you to do you've increased your risk and everything he said but dad I know it's gonna change I know it's gonna change and he reached around and grabbed the kid's badge and ripped his badge off his jacket off of his trading jacket and told him to get off the floor until he learned to what was what was going on he did one other thing that was really amazing and that was he reached into the kid's pocket and grabbed his money his money clip and he threw the money out into the pit which is that's an automatic fine of a couple hundred bucks and he was trying to tell him if you're gonna throw your money away throw your own money away you're not gonna throw my money away and so the kid out and he was all shook up and Herschel said to the guy guys I can't remember his name I can see his face and he said God you're kind of hard on a kid aren't you and he said Herschel he said if I don't tell him how to do it the right way he's never ever gonna do it the right way so he's got to learn the hard way and that was a hard lesson that you're gonna do the right thing do it right because if you added to the losing position which what he was what he did that was a number one rule in that family that you didn't want to didn't want to mess with it so anyway let's get back to the markets here we got up to 1026 in the platinum backed off just a tiny bit not too much is going on there we've got a couple of markets that are very interesting folks take a look here at the and we got the trade thing going with the Chinese today which will be interesting but take a look here at the March week you'll notice we had a double bottom down here between May and September September now we have a potential of a double top up in here that double top comes in at 574 the high last night was 574 and a half it's trading around 572 right now so if it backs off from here this could be a double top formation you can see the three drive to a top pattern over the past two weeks that I drove in right at the 1.618 expansion so anything above 577 and 578 we'll tell you that this market is breaking out to the upside so that's the main thing that you want to keep in mind as you're watching these things move through the the day okay let's take a quick look at see how we're always having our little rally we got the stocks meeting the rally 10 points right after they opened up we've got the NASDAQ it rallied quickly 30 points like it does because it looks like the stocks are going to go up absolutely forever and this astrology thing this is the last day for it folks if we make new highs today then that aspect that I've been watching will have not worked this time and that means that well it does mean a lot but it does mean that it's not working this time and that's pretty important because those other times it certainly had some really serious things going on with it but that's neither there I see price objectives now for Tesla and if you recall we posted that chart for Tesla it did hit the 1.618 expansion yesterday at 450 I think 52 something like that is what it did and there's now Apple the price objectives on Apple are 600 and a thousand dollars I heard on Bloomberg yesterday and Apple will be the first billion dollar company sometime in early 2020 or 2021 2021 so that's good news for all those that are holding Apple so we'll move on here to the next one here is the one of these things that we did get from that are being posted out on the internet the fact that the stocks will never go down that it's breaking out of up-turn channels and things like that and it's certainly good because we have been doing that but let's keep in mind that whenever things go up they have a tendency to sometimes back off and go down but that's not this time but we'll see what's happened let's take a quick look at the Bitcoin we've had a nice buy in that bit well not a buy I didn't buy it down there Tom Hougar did but I didn't down there at that 6400 level which was the 61% retracement on the long-term daily chart and it was also on a log chart it was a 382 retracement coming off of $100 a share so we've popped up here the last couple days we've jumped another 660 points to get up to the 61% retracement off of the October high which is going to give us a little bit of a back off but right now this cryptocurrency is going to be moving I would well we got this is the first break already shut the front door and raise the rent we get back I want to talk to you about quantum computing I think this is something that we all have to pay attention to because it's going to be a big thing in the future it's in fact it's already in the future because China's already got a quantum computing thing going and we're trying to catch up with them we'll chat with that about just a little bit I imagine David David White probably knows more about this he's forgot more about this than I know we probably should but I'll give you my two cents worth anyway and we'll see how things are moving here so that's what we're watching 877-927-6648 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 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% a $50,000 investment at a normal four-year cd rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period that same $50,000 investment in the Tiger First mortgage program would give you $3,500 per year or $14,000 over the four years what should you prefer? $6,200 or $14,000 if you would 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 topside 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% with two positions left in the portfolio with a profit of 67.5% as of January 7th the gold report is a comprehensive look at the metals 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 don't miss out on the next great gold trade sign up today will the S&P 500 continue to climb for bold trades on U.S. large cap stocks in either direction trade SPXL SPUU or SPXS directions daily S&P 500 bull and bear leveraged ETFs an investor should carefully consider a funds investment objective risks, charges and expenses before investing a funds prospectus and summary prospectus contain this and other information about direction shares to obtain a funds prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com a funds 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 for side fund services LLC okay folks I wanted to point out to you a really interesting chart here in the soybean market this happens to be the chart for marked soybeans remember now we have this Chinese thing is going to be signed right now I believe they're signing the deal right now at 9 30 in the morning no it's 11 30, 11 30 New York time but look at soybeans here folks you notice how it went sideways here for the last 8 or 9 days look what happened back in October when it did that you see how it went sideways for 8 or 9 days and then it broke to the downside watch which direction this thing breaks from because this means there's a great deal there's been a great deal of accumulation and distribution in these 10 days that's what that means when you're looking at this so whichever direction it comes out of that's the direction it's going to go much like we did in late October so pay very close attention to that if you go over to the far left of the chart and look in June we did almost the same thing in June so there's a lot of there's a lot of people taking positions on both sides so the winner will be which way it comes out of here and that's really what you want to be keeping an eye on so we'll watch it as closely as we can so believe yes you're right Bill Tom O'Brien was one of those so-spendets as I recall and it was an interesting time that's for sure that led to the dot com bubble in 2000 which the NASDAQ gave back 85% and then in 2008 it gave back I think 80 or 90% of course this time it won't give back 1 tenth of 1% because it's so very very bullish but we'll see what happens over this time period just the next someone asked what the next big configuration is for cycle stuff and that comes in I'll post this up to you you'll be able to see it this is the spring equinox on March 20th March 21st is the spring equinox for the 20th you can see that a lot of cycles are going to be lining up around that time too but if this one doesn't work it probably won't mean very much but we'll pay very close attention to it let's remember the Euro folks because we've been messing around here up in this 111, 112 and change here and that's a very very important number we've been talking about that for several days here because of the fact that we've completed that big ABCD here and that certainly means something and we've had a little bit of a rally and whether it's going to be enough to turn it because all of these currencies folks have had major completions in these things and it's going to be interesting to see if that's going to be the case and one of the ones that we're watching very very closely of course is related to the FTSE and the Megan exit now we've got Megxit along with Brexit and hold on here let's get up here hats on we've got the $29,000 in the Dow again one more time next stop $100,000 I saw that as one of the targets I don't know if that came from a tweet from somebody but I did see that on Bloomberg but I did see a price target of $900 in Apple making it the first $2 trillion country company all it has to do to get to $2 trillion is to get to $600 a share and with the earnings coming up in about a week they'll probably tag on about $80 to it during that time so we'll be watching it very very closely just see what happens as we move through here looking at some of these other charts that we're watching alright one other question someone asked a question about the seats back in back in 1982 the seats for the I had an IMM seat which was a mini seat the CME seats cost a quarter of a million dollars the IMM which were all the financials that was all the currencies and T-bills and Jenny Mays and Gold and all that stuff that seat was $109,000 and I've got mine from Jack Waldock if I had just kept that seat it would be worth a little over $4.5 million today and so you would have got which were a lot okay let's move on to one other one that I wanted to mention to you and that is this someone asked a question yesterday and I wanted to try to answer it here today this is the British pound this is an hourly chart folks I don't mark the 61% retracement except for the one that came in yesterday you'll notice that these black lines that you see here folks those are the harmonic numbers in the British pound right now it's running just at about around 80 points so it rallies 80 points and drops, rallies 80 points I'll let your imagination point out the ABCD patterns as you see but that's mainly what we're watching but today is the first day that it's different today's the first day that that number of 129.90 has actually held so that could mean that this thing could be ready to turn the other way so we'll be able to see thanks a lot Marshall you're a little late with that information but I still certainly do appreciate it okay I have another question here that we want to talk about and that is the US dollar index someone's asked about that we've talked about that before and you'll notice that we have started to we went up to that 382 level and we need to get that dollar index above that 97.50 level and I think it's going to do it I don't know if we've done it yet or not because the euro has had a little bit of a rally today the pound certainly hasn't and the Australian dollar hasn't but that's pretty much what we're keeping an eye on as we look at some of these patterns right here because the US dollar turns down and the euro turns up sharply that's going to tell us that something is different, something is actually changing now remember the Chinese yen went just a tiny bit above that level that we were talking about remember that's the one that is the risk reverse one let's get that up so you can take a look at it we did get well this is the opposite of it so you're going to see the mirror image of it but when we went below that 91.20 that's equivalent to the 110 because you add the two together that's where you get your dollar yen trade so we did take that out but we didn't go anywhere we took it out and it didn't explode to the other side so there might be no one has there is absolutely zero fear in the market folks and there should be because it goes up every single day but when that fear does come in and when it does come in it's going to be a lot different than some people think so we'll pay close attention to it so that's the main thing the gold some has asked a question about the gold if the gold can close above that 1565 we're trading in 1552 right now if we can get about 1565 then I think we've got a chance here in that gold market to go a lot higher we're already seeing it in platinum we're not seeing it in silver we're not seeing it in gold but we are seeing it in platinum the key level of course was that 1611 that was the 1.6 excuse me the 61% retracement of the high from August of 2011 and that that's very very important that's you know that's really extremely important someone's asked to me to go over that astrology stuff again I don't want to do it all I can tell you is folks there's a lot of things that were happening whether they mean anything or not I don't know but that's that's neither here nor there so we'll watch it we'll see what's going on I should well and I don't have the time to do that right now because we've got the end of the show coming up already but that's major oh by the way just for a point a little factoid here Dr. Miller died on January the 8th that happened to be the same day that her son died 12 years ago he died of a heart attack and that's pretty much what it's very sad we can talk about coincidences my goodness what a great lady 877 also Jeannie Long died too this past month so pretty tough 877-927-6648 music I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months 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 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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 TFN.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 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 ok we're back folks and let's see what we got there gold is sold off a little bit gold hit the 78% level of that high of yesterday folks at 15 57 we're now trading at 1550 gold looks various folks you know that with that big 61% retracement there you know that's really going to be really be interesting to see what happens by the way the open interest in the E-mini yesterday S&P actually dropped during the making new highs and we're almost making new highs again too we had a drop in NASDAQ and also a drop in the Russell but the Dow Jones which is the smallest of the four indices had a very slight increase in the market so that's what we're paying attention here so far today so we'll pay close attention to that as we move through the day alright regarding that wheat folks I was talking about a possible double top in the wheat up there at that 575 level we sold off about a nickel from that level that 575 and with that thing being signed today at 1130 anything could happen they could walk out and say forget it you just don't know what's going to happen to politics these days so pay attention folks you got to put your stops in in these markets especially now because we're going to see volatility in 2020 like we've never seen before that's why this volatility index it should be trading at about three given the fact where the market is but just trading at around 12 so we're going to be taking protection somewhere I don't know who it is but somebody must be so let's pay a little bit of attention to that and see if that's going to mean anything down the road so we'll pay attention to that as we as we look at some of these things unfold for the day so we're coming to the end of the road here and we'll see you folks tomorrow no more guests this week but next week we're going to have somebody special on the currency pits for the Swiss franc for many years and he retired from trading a few years ago to do something else and I'm trying to get him on the line to be our guest I know he likes to talk so that would be great if we could get him telling some of the stories that we had I hope you enjoyed the part about the little floor days not many people around remember about what it was like but it was pretty tough 877-927-6648