 and trade what you see with Larry Pezzavento call now toll free at 1-877-927-6648 or internationally at 727-873-7618 now Larry Pezzavento okay looking good Billy Ray feeling good Lewis we're going to take a look at the stock market I posted into the room here what happened yesterday because it was an outlier event if you'll see here of the difference between the Dow Jones on the right and also the the E-mini on the left you'll notice it went straight up very very unusual and uh-oh no chart let's try it again bear with me here one second and I'll do my best to get it up here well I know you're dealing with you know Frick and Frack over here with the old stuff here hold on one second and we'll get this up here to take a look at it here and then we got to talk about something pretty serious hell everything serious these days okay you can see the movement here in the E-mini S&P okay then you see the movement in the Dow there was virtually no correction these are these are just eight point moves in the S&P and a move that went 70 handles we made one major correction in the Dow Jones that was late right before noon the market came down and I know some people don't believe in the 3-8 Johnny put your hand down everybody knows you believe in 3-8 to you goes right to this is a Dow Jones folks trading at you know roughly thirty some thousand okay and you explained to me how it can go to that exact tick I mean to the to the last decimal you're going out three decimal place to the thousandth decimal point it hit the exact 3-8 to and then when proceeded to go another 300 points higher now all of these computers are out there putting they're putting all the other stuff in but for the life of me I can never figure out how it can go to that exact number that just literally knocks my socks off but you know sometimes people like to go barefoot that's basically the bottom line I want to mention because it's so important that we do have a commodity that is we believe is getting very very close to something very significant I'm trying to sell myself on the idea and that's why I'm going to bring it up again this is the natural gas when we've been looking at ever since we had that top you see the ABCD top that came in at 10 at 10 and now we're trading 90% lower how are you kidding me well you well 80 80 you know that's 90% lower down at this level here in fact it went below $2 folks from 10 to below $2 in a matter of 10 months and now what we're doing is we're setting at something that may be significant and for several reasons you'll notice on this chart there was your low then it goes up to 10 and then it comes down up and down the ABCD we tried it at 287 got out at 277 didn't work it proceeded to go down to 194 the key point is if you look from the low to the high that it made and then take the high to the low that day comes in tomorrow folks the 30th of 31st excuse me the 31st of March so very very interesting to to look at that very important so let's pay attention we got price and time squaring up at this time and you ought to take a look at buying it down there and around that 204 205 level somewhere it should be bottoming near that I haven't seen where it's trading recently but let's just take a quick look at it and we should be oh dear we should be okay son of a gun dismissed my order there I wanted hold on with me folks Billy Ray's got to make a little change in plans here on something so give me a give me a second here and we'll get her done there we go okay now we're going to tomorrow by the way is a big grain report and Mr. Rich Anderson will be with us he'll be talking to us about the the planning intentions report and of course you know we're extremely bullish soybeans because we were able to buy the soybeans this past week or so because we went exactly to the exact almost to the exact penny it went a few pennies below it where we had a big move you know down in the soybeans and that was a that was a big move so we were certainly you know glad to be able to pay attention to that I'm gonna show the chart so you guys can just remember because you know we a lot of you folks were involved with that and we took a very nice profit and now what we're doing is here's here's the chart coming up here right now you'll be able to see it this is from this was from Sunday and then we bought this thing on Tuesday last week of course let's get this here a little bit higher we're gonna have Mike Moore I believe on at the break here again he just finished the show and frankly I don't follow crack spreads or any spreads like that but he's extremely good at okay here's a soybean this is July soybeans these are soybeans that were planted and harvested they're the last of the group see we've got April May June July August September these are the only beans you're gonna see until October November so they could be in valuable supply if something happens so we hit the exact 61% retracement there at 60 let's get the right number at what is it number 14 1492 and we put a stop here below it and we luckily didn't get hit when it begins this for about $300 and then rallied well over $4,000 up into today and since we have the report tomorrow we know you don't want to get into report with a major report so what we're going to do is we take in it off and we're waiting to buy if the market gives us a chance with a negative report negative reports at this time of the year folks they mean as much as trying to freeze butter and if you've ever done that you realize what a fallacy of trying to do something that can never be done so just keep an eye on that okay now the next thing I want to talk to you about is the the hogs and I want to get to you an idea of what we've been watching here in the hogs because something just happened that I haven't been able to check and that is the hog report was just repeated and I want to go through it they'll show you where we are I had we had in order to buy these hogs they had a very strong run up into this area and now what we're trying to do is to buy what did we buy here oh well it's something something even bigger happened folks hold on just a second here we just made a huge and I've got to check something because this is this is serious business now okay whether this means much or not I don't know but we're going to find out for sure okay we just made a very important number here in the crude oil folks I don't know if it means much or not but this number up here that 74 56 is a number we've been waiting for for a considerable amount of time the risk on this is a you know quite uh uh what do you call it's not a it's not major because the market's relatively quiet let me get rid of this sorry folks I'm trying to do so many things at once and sometimes when you try to watch and chew chew gum at the same time it gets a little bit uh it's a little bit harder oh shucks I can't get it up so it's not a problem of putting this chart up for hire let's go back to the hogs and see where we are because that's an important one also and I will talk to you about that just give me a second and uh I'm just so lucky to be able to be doing this all right here's where we are we've got the hogs here now what we're going to do now is we are going to come over here and uh hello operator let's get this right uh huh okay all right this is the hog chart and then what we're going to do is we're going to look at an updated hog chart to see what the hogs are doing this is what I do during the day sometimes I just sit here and talk but most of the time there it is that's the hog chart now the hog report just came out hogs have been going down for months now we want to see if in fact they're going to be doing anything other than that so uh let's get the hog chart up uh and see if anything happened hold on just a second I need to put in a uh stop here a few things and then we're take a look what's going on here hold on one second here currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out teddy keg stats tiger forex report teddy keg stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options teddy releases his weekly tiger forex report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t-bonds as they both influence forex markets tremendously when you sign up for the tiger forex report you also gain instant access to teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today visit the front page of tfnn.com tfnn educating investors tfnn has just launched their new trading room the tiger zen hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the tiger's den available to all tigers and tigers for just one dollar for the year there's no catch or added costs when you join our community of traders in the tiger's den you can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs and join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com are you looking for a way to consistently add winning trades to your portfolio tom o bryan is here to help tom o bryan has been successfully trading markets for over 30 years a frequent contributor to tv ameritrade network and cnbc tom o bryan founded tfnn over 20 years ago to help educate investors just like you tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of tom's advanced technical analysis in our gear to deliver comprehensive strategies for a successful portfolio get tom o bryan's newsletter market insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at tfnn.com tfnn educating investors okay we're back folks and the evidently i've either got the hog hog report wrong or something but the doggone thing is uh not moving and maybe the hog report didn't say anything that's why so i'll double check later when we get off the air we're going to have mike more as our guest at the break because he's a specialist and especially in the energy complex and we have this area in the hot natural gas that we're looking at so closely down at that area the fact is i should bring this up to show you where we are here the time goes so fast when i do two hours at a time it just absolutely absolutely blows me away that it goes so quickly and we'll get this up here this is one of the ones that uh when you look at this you'll be able to see that you're watching something that uh there is i didn't put the hog truck up al because uh i can't i don't i don't really know whether that i work on two different computers folks i have a trading computer then i have the computer that i use for here and so as i'm doing this i've got to go back and forth and when you're when you're at the eighth furlong looking at the finish line sometimes it's a little different but folks let me you know i i do this show uh it's not not hard because i'm sitting here just talking to people and things but uh this is really what keeps me young i mean it really does i uh i have to tell you a story i think i've told this before when i got divorced in nineteen uh eighty seventy five uh well late eighty five there's nothing it was january of eighty six actually we were in the office my the the priest was there father dentists our attorney mike davis and also our accountant was there jack fletcher and uh you know we were going over a bunch of stuff and of course i had been with drexel for a long time and all of my uh all of the money that i made in bonuses went into drexel stock which was quite a bit over a six-year period and it amounted to seven figures and uh we were going through this and look at you know all the figures of stuff and my accountant uh said to me he said boy he said you come you've done really well after losing that million dollars back in nineteen seventy four and my ex-wife did not know that because we kept everything separate and she says how could you lose a million dollars and in the summer of nineteen seventy four when you took the whole family ten of us to hawaii for three weeks well almost three weeks and i said well i said i knew i could make the money back and at the time it was a lot of money but you know didn't really mean very much and she says i can't believe it she says you know you're going to sit there someday when you're old and you're going to be sit there in front of your machine and you're going to die doing what you love to do and my accountant said to the to the attorney says god mike he said wouldn't you love to have a job like that and they both laughed and uh both of them have soon so long time passed away but i always remember that because it was a big turning point in my life i had been i was working with commodity corporation at the time and it was a lot of fun fact someone asked me a question yesterday that i didn't get a chance to answer what was my most memorable part of the the commodity corp well you know they're in in princeton or new jersey they have a beautiful campus there a dormitory like of places where you can stay and they had trading and teaching and all this stuff and i was there for probably about five months and then after they knew i knew how to put it in an order i got to live wherever i want to so i went back to live in avila beach uh california but my most memorable time was i've been with i've been with them for about uh a little about a year and a half maybe two years done i've done very well you know i was i was doing extremely well and uh i had a position on in jenny maize which was still trading uh they were trading a little more actively than the treasury bonds and i really thought that interest rates were getting ready to turn i was wrong they didn't turn until uh in august of uh 87 i believe is when they finally turned right after the big crash but i had a position on and we had a rule that if i had a loss at the end of the third day that i would get out so i got out on the third day and uh i was going to go back into the position because you could go back in the rule do you just two you just have two chances to do if you have two three days we lose you can't trade that for a while so i go in i i get out and so i'm gonna buy it on the the next day and uh you know they never said gee why are you doing this because you know your way ahead and you had a loss it wasn't a big loss it was like two percent so i get ready to buy it on the third day henry kaufman uh uh solomon brothers came on before the market opened and he said this is the bottom of the interest rate markets and uh interest rates are going to start going lower this is the bottom of the jenny may and bond markets and the son of the guns opened almost limit up and i never got to buy them and they went crazy they went up three four thousand dollars before the slightest correction and i missed that i missed that whole move that is my most memorable other than that it's the same thing every day i don't didn't do a radio show at that time but i was on fnn quite a bit in los angeles i was on there at least every two weeks i would drive down there to meet with bill griffith and elaine and have a lot of fun you know it's just uh they were great people ron and sonna was there and some some really wonderful people there just just still remember all that stuff oh some of the names escape me but uh it was it was a lot of fun okay now let's get back and take a look at some of these other markets that we're looking at here today because uh we have some fun moving and we're just going to find out if they're going to be you know really crazy or they're going to be absolutely bonkers we this we don't know so that's what we're going to be watching here this morning we got the stocks are starting to move up again uh actually quite a bit which is good and the other thing we need to watch here is the crude oil and see what's going on with that i think i'll put this crude oil chart up it probably not going to work but we're going to look at it anyway just for kicks and giggles hold on just a second here because now hold on just a minute all right there's where we are okay get it up here okay i'm going to bring this chart up and you're going to see how we try to handle this without too much trouble shut the front door and raise the rent hold on only take me a second boys and girls i hit the wrong button here again holy moly guacamole all right there it is right there okay all right there's the crude oil chart it hit our number eight was uh 74 56 and it hit 74 56 so all i do is you put a stop at 74 66 and you only risk $100 that's all you're going to risk trading a contract that's worth 75 grand if i lose and it breaks from there i'll look at it again and not risk very much more than that that's pretty much it actually i'll probably i'll let's just let me change my stop here for just a second because that might be a little too small with that i'm happy with that i've got i've got so much going on i don't need to worry about that okay let's move on here and we'll talk to uh oh we got a break coming up here in a few seconds and then i think i will anyway doing two to two each day sometimes makes it a little more difficult than than others but that's it listen if you have any questions folks it's 877-927-6648 if you want to call in and ask any questions i'll be more than happy to uh to answer them for you but that's pretty much uh what we'll be watching i think we're going to have uh i believe do we have mic more set up al for the next show to give us a little help okay we're going to get him at the break and then we'll be back 877-927-6648 if you want to take advantage of this sector now is the time to subscribe to my gold report 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 published a gold report with coverage of gold silver bonds the xiu 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 sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors are you looking for a way to consistently add winning trades to your portfolio tom obrien is here to help tom obrien has been successfully trading markets for over 30 years a frequent contributor to td ameritrade network and cnbc tom obrien founded tfnn over 20 years ago to help educate investors just like you tom's daily market newsletter market insights is published every morning when the market's open to give you the competitive informational edge you need to succeed these newsletters are packed full of tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get tom obrien's newsletter market insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at tfnn.com tfnn educating investors this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com caller from arizona jerry how you doing today hi sir it's dr today i just uh wanted to call back i i appreciate everything that you do um very very thankful so i just uh i got short at that tippy top of that es futures today yes around the we're on the 80 level and uh i don't know if i should hold this i was going to try for retracing down to 38 percent maybe uh well that's the one thing is you got a heck of a move so you don't want it to go against you by very much so make sure you lock in at least at least 10 or 15 points you know this is a short term trade so if you do that you have to think about you know what you're risking and that's uh that's the main thing okay yeah i'm just risking a little bit i mean uh i'm studying the the fibonacci retracement you know and uh i guess i guess you just go by the you know the the most recent history on on now you know because i know sometimes it'll go back down to 61 percent you know and then you're looking at yes i got it 38 percent on there just kind of like uh you know i'm just kind of kind experimenting with that i i i would i really want to nail this down with the with the fibonacci retracement in the you know the abcd stuff well look if you sure if you sold it up into the 80s it says say 4080 and it went down to 4060 i mean that's a thousand dollars and now you're still in it you've given half of it back correct yes sir okay so don't let it don't let it go any more than where it is i mean you got to put a stop in so that you don't risk very much your practice you're not you haven't uh you know you're very close to your break even if you sold it at 48480 so make sure you put your stop in it that break even but if you're looking at short-term patterns and you and you follow it closely you can see that it made a very nice uh three drive to a bottom pattern down there at that 4060 level so it's all about risk control Jeremy that's what you got to do just think about that how much money you're going to make but how much you have to risk and you'll be just fine okay okay yeah i'm gonna you know consider me a student of yours i know it's not official but i'm gonna be uh i'm gonna put my heart and soul into this and there's no way you can lose i don't think if you put your heart and soul or something yeah well this is true if you never give up and you put your heart into it you're gonna make it it might take you a couple years but uh you'll be able to make it i feel very strongly about that so keep that in mind all right yeah i appreciate the information you've already given me i'm into it a little bit the one you emailed me so i appreciate that all right all right buddy you take it easy and thanks for calling in we really appreciate it yeah thank you sir if you ever want to do lunch sometime in Tucson i'll buy you lunch okay thank you so much you let me know thank you all right you bet okay and one of our listeners is asked if i would put the uh the email chart of what the uh hold on one second of what the ai program said for today so i'll do that if you'll bear with me here one second and uh get up here to see it but there's uh where we are we only came off 20 points folks all day uh in the s and p and you can see here this still moves higher and if you stop and think of what happened yesterday and this is really super duper important hold on one second this move that we had yesterday i mean this was this was flat out mind boggling and i've been trading the s and p for a long time may happen to be long for part of it but i i underestimate how high it could go and it did okay but anyway look at this you see this all we've done and remember we went way up here all we've done is make a 20 point retracement today 20 point retracement that's not very much at all so uh just keep in mind that this thing you know has a lot of power to possibly go uh you know a lot higher so that's what i'm looking at i hope it helps uh people keep asking me about the natural gas i'm still waiting for uh my fill i haven't seen the thing pop up or anything so we'll do one thing at a time and that's all we really can do really when you're watching these things is to see what there's what's happening with them so bear with me one second folks i have to change a few things here to make sure that i have my orders correct and everything so that's pretty good let me move up here to the next one and we'll double check this here hold on see where we are yes sir we're doing okay now what we're doing now is we have our stop up there right above the high at the we're only risking $200 in the crude oil contract that's all we're going to risk is is only $200 now should it get i don't think it will but should it break below 7400 which isn't very far away then we'll do is real bring our stop down to the uh 70 uh break even point of 74 uh 56 that's where we uh where we put it on so let's keep that in mind as we're going it's all about risk control folks i know i showed the patterns these patterns are good for two things one they tell you when to get in and they tell you when to get out because if you're wrong they're going to whack you on the head really quick and you're going to find out that you're wrong and that's basically the bottom line of what you're what what you're watching today so that's the key it's not how much you make it's how much money you don't lose and that is the real the real important part of what we're looking at here today i think i posted the even i know what somebody wanted they wanted that uh that four hour chart that uh i think is running the whole there's the one everybody wants hold on see this is the one that uh that i think is this is the oh this is the christmas day big daddy rabbit type trade and believe me folks i i really think we're going to get there probably tomorrow or maybe monday but uh look at this we've broken above here we got this beautiful one three five pattern here's where we this was where we covered our short and went long and of course we got out of the long way too soon then you pulled off here i didn't get anything that day because i i missed it i was doing something else we were waiting for a 61 retracement and it didn't get there it only made 50 percent then it made the abcd up here today now we're looking at this is uh we got up to this level right here but this is where we're going folks we got another another 50 60 handles up here to that 41 30 and if you did the daily on that 41 30 it's going to knock your socks off because that's everything that we teach that's a mother god in country just like this natural gas trade you know it's the same thing you've got a place where it's going to be really really crazy and you got to watch it that's for sure okay so it's very very important and let me double check where the natural gas is we're still trading it at 2.10 which is good it's not very it's not very crazy or anything and that's the real thing that we're looking at so let's move here show this thing again because i i really like this one you know if you don't like it then don't trade it if you do like it trade it that's the bottom line here i was hoping to get mike back on because i wanted to hear more about these crack spreads i started i started doing spreads back in the in the 70s but then later on you know when i was at Drexel and stuff i never did spreads but spreads is where i really do have the master of spreads from my point of view is john jameson out of the isle of man i talk to john every single day seven days a week and boy does he know spreads my goodness he saw this rally coming if you watch the trade but you see you listen to the trade what you see newsletter he's been very thinking we're going to get to that 41 42 level and the charts are now verifying it yep that's pretty much it now the natural gas is just chart that i have up here you're looking at this three drive to a bottom we're trading when i this was out it was around 219 but right now we are setting at this level right here now that the the the contract for april which which is no longer there i went below two dollars that it shouldn't have gone more than 203 but it went to 194 at one time and i think it went off i probably shouldn't say because i saw it about an hour before it went off the board it was around 199 so it could have gone either way but this is trading very nicely it's not crazy it's not jumping around at least not yet hey let's take a break eight seven seven nine two seven six six four eight sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors everything in the universe is governed by the fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks you need to pay attention to and you can trust larry's analysis after all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from larry on market movement you need to act on at any time first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors are china a shares hot or not if you trade china a shares now may be time to take a closer look trade chau or chad directions daily csi 300 china a share bull and bear etfs china a shares in either direction visit direction investments dot com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 8664767523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services llc this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz hey we've got a caller on the line today al what can i do for you oh this is max it's max i saw a i and i thought it meant out max what can i do for you okay i was uh wondering about your ai program i see you map it with a two inch uh i'm sorry two minute uh time period is there a region you use a two minute not a five minute or a ten minute yeah there certainly is this is based on a concept of the man named denis reagan over in bennett bakersfield california showed me he passed away in 1991 i met him in 89 so i worked with him for two years he was a man who made that he was the head engineer for the tomahawk missile he had on his office walls there he had pictures of mr reagan and some other really important people uh uh what's his uh swatch swatch cough was there i mean just just incredibly smart guy very very eccentric uh had a lot of different you know he's paranoid but anyway he was really smart and he he had a mips computer which means it's millions of integers per second mips and basically what that did and you put it in and then you tell it to find something that is repeating over and over again and we started doing thousands millions millions of things we go through and when it got to a point where it said yes it's answered your question and we asked that what was the most successful indicator of when a market is going to turn of any of the time frames from one minute all the way out to 30 minutes and it was two minutes and two minutes is pretty good now you can go to four minutes or eight minutes but for two minutes that's what we used that's what we did and so we started making predictions on this and it's really simple max what what it is is what happens today happened two days ago in other words happens on monday in the market it happens on wednesday in the market now one will be a high one will be at a low be within 10 minutes sometimes but it is amazing how it i kept that as a secret for many years he passed away in 94 i i never really said much about it i wrote a book about it but i never said anything about it until recently when i do these day trading sessions because the folks are interested in you know how i do some of this stuff and how i come up to the exact minute on some of these things and i sometimes i hit them sometimes i don't but that's what it is it's basically that and it is a true neural network it's run through neural ware and a whole bunch of other stuff that's there the the program to run it was 10 grand at the time i think now it's about 1500 that's 30 years ago so i hope that answers a question and if you want more just email me and i'll be happy to give you a discounted rate of the ai book from 200 dollars down to 25 bucks and i'll donate that to charity charities running into third race at highly and tomorrow so i thought i'd let you know that too anyway is that answer your question my friend yes i i noticed that i've been using a 10 minute chart to condense the the line and uh but i noticed today uh it's it's pretty close to uh it's a tuesday you know yes it was uh it was right on it you know sometimes they are sometimes aren't it's not a it's not a big deal you know you get close enough that's all you really need to do okay thank you very much hey where are you where are you in florida oh out in the middle of nowhere what one put on an alligator locks the hatching florida oh well you're out in the middle of the swamp area huh yeah i guess uh you got one one one foot in the mud one foot on a gator okay let me ask you a question is it true when i watch this show from cps i went to 60 minutes they had this uh python is it true there are pythons out there that are that big 30 40 feet oh yes oh yes shut the front door man i i really have a havelina running in my yard than the python they'll need a gator yeah well hey listen thanks for calling in and i appreciate it okay thank you very much you bet okay folks i posted this chart of the hogs as you'll notice here uh we we bought it down there at that level where the exact 382 was our excuse me the abcd pattern completed as you can see it coming down here we had the report today now we sold it here because we made well over $1400 just on this move it was actually $1800 we some people got $1400 but it was right here we sold it 382 and i did not go short there and the reason why is i feel that this pattern is making a major bottom now we're pulling back here and uh we're almost at the level where i would be a buyer here and then to see how it goes higher but that's what we're watching as we as we go through here now you'll notice this part right here you see that swing off of that there's point b right here right off a point b now that was an exact 61% retracement and then when it back went through this line right here that was probably the easiest trade of all because look at that see that's a that's a pattern that's failed it's failed at this 618 and boom down it goes to the other way so that's it what we're looking at crude oil today may or may not work this is an upside down version of what happens in crude just totally the exact same pattern just flipped upside down why is that important because when andrew low wrote his book the non-random walk down wall street they looked at all these patterns and all they did was look at 30 000 pattern a 60 000 was it two years as a user amount 800 it was 800 000 800 000 patterns over 36 year period and he proved him empirically that these things have two things in common they repeat over and over again and they're predictable within limits and all i do is i take a few little things like abcd and a couple of Fibonacci numbers put them together sometimes they work sometimes they don't but that's basically you know what we're looking for so i hope i hope that and that's it so you're trading something like crude oil it's trading for 75 000 and i'm only risking 200 bucks i'll do that all day long just like i'm going to put five dollars on the miami hurricanes to win the nc double a tournament because of the astrological implications that mr shane smolian the wolf trader dot com gave us and he told me this morning he went looked at it real closely and he said i'd give this a 70 percent chance so at 70 you get five to one in other words if you bet a hundred dollars you get back five hundred dollars so it's basically four to one with the probability of winning 70 boys and girls you don't get that very often so put five dollars on the miami hurricanes you'll get back 10 totally get back 25 not so bad we'll see and if you think i did that i still have two shares of the brooklyn bridge for you so uh we gotta hold we'll see how we're doing with the time here we got a minute and 30 seconds uh one other caller coming in here let's get your question it's not uh it's not a call or anything like that so let's bear with us here uh a little bit and we'll see where we are with some of these things and that's about it i guess i don't know where are you at here okay we got the crude oil trading at what is it trading down to trading down to 24 20 now so now now with uh with your you made 300 bucks in the crude oil i would move my stop down to break even at 74 56 and not worry about it that's what i would do and if it hits fine if it doesn't it's no big deal and that's uh you know really what we're you know sort of paying attention to here here this morning tomorrow is the big crop report of course and we're going to be watching that one very very close and we'll see what uh see what happens to these we still haven't been filled in the the natural gas yet sort of a disappointment but uh we'll we'll keep our close eye on that one too okay uh if you have any questions 877 976648 if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try tomyo brian delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30 day money backed guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com tfnn educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to 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tiger's for just one dollar for the year there's no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com catch tom will bryan professional trader and educator founder of tfnn also a special guest on cnbc tom will bisect and dissect the markets the tom o bryan show next on tfnn okay folks i posted the chart of the natural gas that has about everything on it that this old cowboy has learned over the past 62 years you've got a monster abcd with that big black line you can see there the rally back was exactly 382 a number that really tells you what the trend of the market is the abcd is perfect the timing is today or tomorrow so that's something that looks on the monthly chart from lows to highs and the other thing that's important is you have a beautiful butterfly pattern along with the three drive to adopt three drive to bottom pattern coming in at this area around third around 304 203 204 in the main natural gas the April natural gas went way below it so that's the main thing to be looking about as you're ready to do it i'm risking a total of 15 points which is uh $750 and i think it's worth the risk because the just the 382 retracement would be well over 4 000 that's a just about a you know 10 to 15 to 1 payoff so that's why we're looking at those as we see them unfold now whether it's going to happen or not man who knows but just like anything else you got to know what you're risking and that's exactly what you're risking also keep a close eye uh tonight tomorrow sometime between here and monday we should hit 41 30 in the s and p 500 and boy you better pay attention to that one because if we go screaming above 41 30 we're going to go a lot higher to the tune of at least the 42s to 44 area and if we get there remember the old i was 48 so boy oh boy things will look pretty good in the united states if things continue that direction so let's hope that they do and live every day in an attitude of gratitude and may god bless and make sure you do something nice for your neighbors folks because even though the economy looks like it's picking up there are parts of it there are people don't even have any idea on how to get their next meal so we'll see on the flip side tomorrow may god bless i'm going to do the update in the next 15 minutes see what the markets are doing and we'll we'll go from there