 The following is a presentation of TFNN Trade What You See With Larry Pezzavento Toll Free at 1-877-927-6648 Or Internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good, Billy Ray feeling good to us. We start out the show like we usually do, but before we do that I wanted to mention that we will have Stan Harley as our guest at the break from the Harley Stock Market Letter. Always a good host. A host would bring in some nice guests and he's one of the ranked folks in the Timer Digest, so that'll be fun. And he's got some great information always. The first one we'll look at, of course, is the German DAX. You can see the daily chart making that big three-drive pattern and then on the 15-minute chart you can see that the market has sold off a bit and then retested the highs again, you know, as we see things happening. Now, I do want to bring to your attention one particular chart that I think is important. We've talked about this in the past, but this is the Commodity Research Bureau's Commodity Index and I wanted to bring this pattern to you because it's a very interesting one. You'll notice you have the three arrows. That is a three-drive to a bottom pattern and then you see the final bottom there. That's the third peak of the three peaks in the Dome House. That's just the upside-down version of it and the important part here is since we've had this happen in August we've rallied up and we've made a 61% retracement from the high we made last May in 2019. So it says, and this is a broad thing of all the Commodities folks, you could trade the index if they have it, but I don't know, I'm just showing you that it's making a pretty big top-up in here, possibly, but it looks very good, longer term, but we could be into a position where we could get some corrections. Now, remember, this is Wednesday of this week. We're supposed to sign the Chinese Trade Tariff Deal, whether that means very much or not. You know, I'm not so sure. So that's pretty much. Now, one other thing that I wanted to mention to you that I think is relatively important is someone sent me this, which I thought was very interesting because of all of the volcanic action that we've seen down in the Philippines, but here in the United States we've got one really active one that's in Yellowstone, and you can see here the number of eruptions at the Steamboat Geyser over the past 53 years, 58 years has increased dramatically this past year. I've heard stories that if that thing ever blows, it'll take out about half of the growing season in most of the grains in the Midwest. It's supposed to be that ominous, but who knows. I don't know if you've ever been up there to Wyoming to see it, but it's really quite spectacular. All right. The next one I wanted to talk about is a little bit of what's going on here with this January 10th. I'm going to post this. I hope you folks can read it easy enough because it just shows you all of the things that are happening here. Just give me a second. This is a warning, basically. It's not a prediction of any kind that we're over these aspects that we think are important. It takes a couple days for them to line up, in fact, if they do, but we'll have to do one thing at a time. Getting back to the astro part again, I want to focus on Jesse Livermore. Wow, just a minute here, folks. Just one minute here. I'm going to post a chart from Livermore. This is going back to the 1940s, folks. What Livermore did was he tried to buy at support and sell at resistance. That's really what he was trying to do. He was a very good technician. Notice that sell pattern that he had up here. I put that in because that's what the sell pattern came in at. But that was nothing more than a head and shoulders pattern that he was looking at. And then you see the bottom down there where the buy was. That was major support that lasted several weeks. And that's the kind of things that he's looking for. He's looking for lower tops, lower bottoms, higher bottoms, higher tops. That's what he's doing. That's what you're trying to do with what we're watching yesterday. There's a big in one big volcano in the Philippines. They had to close the Philippine stock exchange. Now, that's geomagnetic stuff, folks. It has to be related to what's going on with these planetary things because these things have lined up very, very tightly. And usually when that happens, some big things happen. Norm Winsky sent me a link last over the weekend that showed going back about 15, about 2,000 years. Of these different ones that occurred. I think there have been about 30 of them and all the big things that happened. And so, whether it means a lot or not, I don't know. All I know is that when I look at these things, when they line up like this and I looked at the bottoms and tops in the stock market, it was very interesting that they came very, very close to those things. These really tight formations that we see. And that's the thing that we look at. Here's one that'll be coming up on March the 20th. This is the equinox for the spring equinox. Look at this one. This is going to be a really big one, too. You see how around 65% of the natal chart is empty? That means that everything's lined up into one area. And those are just cycles that are coming up. Whether it means anything to the stock market or not, folks, I don't know. I'm just reporting it. And no one has ever developed the holy grail. And I don't think it's necessary because all you're trying to do is to find a pattern that you can control your risk with. That's the real beauty of what you try to do with pattern recognition, because you don't know what's going to happen next, for sure. But the only thing you can control in the risk-reward equation is the risk. OK, now we're going to move into the area of esoteria. I think you'll get interesting. This is a picture, folks. It's a painting by Thomas Hart Benson. And it's really the sources of country music is what it's called. What's important about this is that the student of Thomas Hart Benson was none other than Jackson Pollock, whose paintings go for hundreds of millions of dollars now. But I want you to focus on that train that's back there. You see that train with the big smoke coming out of it? I want to focus on something that I think you'll find very interesting. It's probably a coincidence, but we'll get up here to take a look at it, and we'll be able to do it. There we go. Bring it up. Now, you look at that train. You see the number on the train, folks? 382. Now, isn't it interesting that this was the painting that was hanging on the office of W.D. Gann. And if you believe that, boys and girls, I still have two shares of the Brooklyn Bridge. The reason why I was bringing this picture to your attention is the fact that the way that Benson wrote, and he was the mentor of Jackson Pollock, is that everything that they did is based on these spirals of the Fibonacci sequence. They sketch out these spirals, and then they put the pictures over the painting. It's really amazing how that stuff unfolded. So anyway, we'll move on to the next thing. That's the end of my art lecture for the whole year. So you're free to do it yourself for the rest of the year. The gold market. We had a nice break. All we've done so far now is had a $17. We had a $20 rally. We had a $17 pullback. So between the two numbers to watch today are 1560 and 1540. Those are the ones you want to watch in that gold market. I'll bring it up to you. See you in just a minute. All new subscriptions also come with a 30-day money-back guarantee, so you have nothing to risk. Start your subscription by clicking on the bell icon to be notified when I post a new video. And don't forget to subscribe to the channel so you don't miss out on any of my new videos. Thanks for watching. I'll see you in the next video. Bye. I'll see you in the next video. See you in the next video. See you in the next video. See you in the next video. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Okay, folks, we'll have Stan Harley on here in about 12 minutes, but take a look at the gold market. We'll start by looking at it on the weekly basis. The high we made up there at 16-13, that was a 78% retracement of the high that we made back in 2012. It was also a perfect 61% retracement of the high I made in August of 2011. That is really important because when it stops there and breaks $70, it's important. Now you see the $70 break happened that we've had a little bit of a rally. We've rallied back about $23. But if we take a look at gold on a little bit shorter timeframe, you'll get an idea of what we're talking about here. I'll probably bring this up so you'll be able to see it here. And here it is over the past couple of days from January the 9th to where we are here on the 13th. You'll notice that last night we came down and stopped just a little below the 61% retracement. We hit .74. We went up $17. You see the perfect ABCD. Each of those AB legs, $17 up. The move down, $17 up. The move up 9. If we get above 15, 59, this thing could make another ABCD up to the big .382 level that we're watching. You'll notice the high at 1564 right in there, folks. That was almost a 38% retracement from the high that we made back on the day of the fighting, which when gold got to 1317. So until gold can get above 1566 you have to look at it as being bearish in my opinion because the fact that that major 61% retracement was so very, very important. And the fact that the market's not able to bring it all back. I mean, it's really not being able to do that. And usually markets you've seen in the stock market, bonds, others, but that's not happening this time. So it's going to be interesting to see if they're able to do that. That's the real key to taking a look at it. Now if we take a look at one other market that's really important this week and that is the crude oil market because let's just get up here. I wanted to show you the fact that we're trading a little bit below that 61% retracement now. I mentioned if we, the real, look at this. We've come down really hard five days. We've given up $6 a barrel in supposedly the most bullish scenario you can have, which is war, which really didn't occur. So what we're looking at now is whether this support here at this 5880 is going to hold. We just took it out again. So we're down five days in a row now. The next level to look at, of course, would be 5710. That would be the 78% retracement of the low we made back on the 18th. Now if we can hold that, then we've got a chance, you know, for gold to make a bottom. But right now it's not giving us that chance because it's not showing that it's making a bottom. It keeps making lower lows. So that's going back to that Livermore chart. You know, if you're making lower lows, they're probably going to go lower. If you're making higher highs, you're probably going to go higher. So we'll watch it very, very closely. Getting to the stock market. There's only one of the indices that did not make new highs, folks, and that is the Russell. So if you're interested in selling anything, sell the Russell. That's the weakest of all the stock market indices. All of the others made new highs. The S&P, the Dow, and the NASDAQ. The Russell did not. Small caps, it did not. So if you're interested in selling, that's the one that you ought to be interested in selling. That's the way we would be looking at it. Now here is the pattern that we were talking about on Friday coming into this January 10th date. You'll see that from the 27th of... Excuse me one second here, folks. From the 27th of December to where we got to on January 10th, made a three-drive to a top pattern. Each of the expansions was exactly 1.27. And so far, we've broken from the 1287, 3287 level down to 3263. Well, 3260, and so far, the rally back has taken us up to a 61% retracement at 3277. We're a little bit below that right now. So those are the ones that I'm watching as far as the really key ones to look at. Getting back to the futures markets for just a minute, we had the grain report. It was a bullish report. But folks, pay attention here because we've got this grain thing coming in. The report is now out. You'll notice the March beans are trading up here around the 946-950 level. We've been here for several days, but we have this agreement that's going to be signed on Wednesday. I don't think that agreement means anything anymore because it's pretty much in the news. But again, we don't really know for sure if that's going to be the case. 877-927-6648. Someone's asking me a question. Why am I talking about earthquakes? The only reason I'm talking about that, folks, is they come concurrently with these full moons and lunar eclipse like we just had on the 10th and with these other big things that are happening. Sometimes they can cause some big problems in the environment. So we'll just leave it at that because astrology is one of the most difficult things to try to trade from. I see little tiny bits and pieces, but when it gets down to push and shove, you got to keep it as simple as possible because it's all about risk control. You don't know what's going to happen next. Nobody does. And so the only thing you can control is your risk. So focus on how much money you have to risk. If you do that, you're going to be just fine. But trying to predict the future, that's a pretty tough game that it's really difficult. I'm actually moving on to another subject here. This is the natural gas because I believe we're getting close to a really big bottom here in natural gas. We've been talking about this for a very, very long time. We've had a six-day rally now after making the double bottom down there at 2.10. We're trading around 2.15 this morning, 2.15, 2.16, I believe. So what we'd like to see now is a little pullback into that 2.13, 2.10, maybe one more time and we'll be able to look at David White just posted a great Danish proverb. It is difficult to make predictions, especially about the futures. Yes, that's correct. Well, we needed somebody like Nostradamus, but he spoke in quad trains and riddles, so that was difficult. Mr. Zeiss sent an interesting chart to the den today, and this is a chart of the coffee. I believe we've been waiting for this in coffee. If you'll remember when we got up to that 1.27 level, about 1.40, we're down to 1.16, which is the old highs back in July. That's the key thing to look at. You see that back in July, we were trading at around 1.15. We hit 1.16 on Thursday. I had a little bit of a rally here. You can see the ABCD pattern there in coffee very easily from December to the high was made in late December and where we are now. You can see the beautiful ABCD pattern that is there stopping exactly at the 50% level. Your risk there is below 1.16 if you're interested in that coffee because that's a big breakout. Remember, folks of the Tiger Den, we're buying this coffee down here at 96 and 95 at that 78% level back in October. That was a monster move. We exploded out of there and rallied 18 to 22 cents a pound. We backed off to the 3.82 and boom, a way it went and just exploded to the upside. Coffee is probably making a major, major bottom and now you want to look for buys and we're over some major, major support in coffee in here. Pay attention. We'll be right back with Stan Harley, folks. 877-927-6648. We'll be right back with Stan Harley, folks. 25 charts, six videos and a full report to his subscribers in just one week. If you're a technical trader that uses patterns and retracements to trade, then Larry's service Fibonacci 24-7 is something that you must try. Right now, new subscribers can get a full 30-day money-back guarantee. With nothing to risk, sign up now to Larry 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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If you want to get this out on this incredible new piece of software, get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Okay, we're back, folks. We have Stan Harley with the Harley Stock Market Letter. Stan, happy new year to you. Thanks for joining us today. My pleasure. You bet. A few weeks ago, the last time we have it's been a little bit longer than that, I guess, you talked to us about the GAN rule of four breakout. Do you want to start with that, if you don't mind? Absolutely, Larry. A pattern that I've been following for several months here on the stock market relates to a pattern that WD GAN actually talked about, oh gosh, nearly 100 years ago. What he noticed was if a stock or an index or a commodity in its rally phase found some area of resistance and it failed to break through that resistance area three times, that was something to take a look at very, very closely. If on the fourth push against that resistance area, and that resistance can be a horizontal line, it can be an upward sloping line, or downward sloping line, although that's more rare, but horizontal and slightly upward sloping are very common. If on the fourth attempt at that resistance area, if it failed to break through, well, the market would cascade to the downside. On the other hand, if it broke through on the fourth push, it tended to break through in a resounding fashion and sprinted very rapidly to the upside and never looked back. That's exactly what I see developing right here. We've got the first chart on the screen, as I can see, and that's the Dow industrials, and one can see very clearly the four touchpoints, the first one over there on the far left, January of 2018, the second in September, October of 2018, the third occurred in late July of last year, and the fourth push just occurred recently, and you can see we broke through that rising one by eight angle, and we sprinted very predictably, very rapidly to the upside. Stan, does this give you any price objectives on the upside or just telling you that it's breaking out? It just tells me it's breaking out, Larry. There's no way to derive any price objectives from this. It just tells me that the bull market is very strong at this point when you see a breakout like this, and indeed we've seen four of the five components that make up the big five. I heard you referring to the Russell about 20 minutes ago, but I look at, for me, the big five or the Dow Jones industrials, the Dow Transports, the NASDAQ Composite, the S&P 500, and the New York, I said the New York Composite and the NASDAQ. The one laggard so far has been the Dow Transports. The Transports have not gone to a new high. You also mentioned the Russell. It too has not gone to a new high, but I think in time, later this year, I think we're going to see both of those indices in record high territory as well. Right now, the Dow, the S&P and the NASDAQ are kind of leading the charge here, but the others will, I believe, will catch up. Well, that's really pretty cool. I wanted to bring one other thing here about your S&P that you were focused on your letter, if we take a quick look at this. By the way, congratulations, Stan, on being bullish. I mean, not just bullish, but super bullish because you have been and the market has certainly proven you correct here. So we've been looking at the SPX. So what are you watching here on this large cap index? Well, the S&P has got a very similar pattern. The longer term pattern is very similar to the Dow. Indeed, we've got the GAN rule four breakout as well. The chart you have on the screen now, I'm showing a typical pattern going back a couple of years. And what I have noticed, we tend to make more important bottoms about every 20 weeks. I've found the cycle that averages about 95 and a half trading days on average, and that cycle contraction expands, but going back many years, we tend to make important bottoms every 95 and a half trading days on average, call it 20 weeks, 19.9 weeks. By the way, the last occurrence of that was the low we saw on October the 3rd. Prior to that, we had a low on I believe it was June the 1st, and then prior to that was the low on December 26th of 2018. Each of those cycles tends to be composed of two smaller cycles. I've got them labeled one and two, as you can see, and each of those one and two cycles have two shorter cycles, which I call A and B, Alpha and Bravo. And I've labeled them as such, as one can see on the chart. We completed the first cycle from the October bottom on December the 3rd. We're in the second one right now. And if this 19-week, 19-20-week cycle does not contract or expand much beyond the norm, it's due once again right around February the 25th, plus or minus a few days left or right. And then that's what I'm targeting right now. And I have labeled the A and B, the and the current sub-cycle of that, the number two cycle. We just saw the A, the Alpha sub-cycle low on January the 3rd. And we are in the process of pushing higher right now. I think, and my analysis is very preliminary, we got a little gutsy here, I went ahead and put it on the chart when I sent it to you over the weekend. I think we're probably going to make a high around February the 5th, February the 6th, plus or minus. That's a moving target. I've got more research to do in that area. But my preliminary take right now is that's where we're probably going to make a high Larry. And then I would look for an orderly pullback right around until about the end of February. Make the next 20-week cycle bottom. I notice that you have another chart that's interesting because it's referring again to the rule of four, and that is with the, if you'll take a look at the Treasury bonds. Yes, the bonds have had a very interesting pattern. The chart you're putting up shows the weekly chart of the Treasury bond complex. And that appears to me to be developing a rule of four pattern as well. There it is. And I've labeled the one, two, three, and four on the screen. You look at the, this is the 30-year bond and if you draw a horizontal line at 162 in 1630 seconds, take a look at that. That horizontal line has induced resistance three times already. One way over to the left in early of 2015. Again, we popped above it significantly above it, but we got right back below it again at the highs in 2016. The middle of last year saw another high above 162.5. Then we broke below it again. My premises, bonds are in a secular bull market, like equities. So I think oh, later this year you're going to see another push up to that level that will break through and scream higher. And that will be the fourth push and you'll have a GAN rule of four pattern evident on the bond chart as well. I would expect a significantly higher in bonds, which means lower yes, lower interest rates as well. Okay. Well, it certainly looks cool. Well, listen, I want to thank you for being on the show today. This is really good stuff. We'll have you on again in a few weeks if you don't mind certainly been spot on the folks here. I'd love to hear your description of what's going on. Oh, one other question we're having about gold. Any feelings on the gold market, Stan? I was watching your commentary on gold about a half an hour ago. I share your views. I think right now we are 100 months from the from the prior high. We tend to make highs every 95 to 100 weeks. I'm sorry, months in that market. So, yeah, I'm not too positive. Okay, thank you very much, Stan. We'll see you soon. Good for you too. 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. So, if you're looking for a secure investment, the interest paid is 7% yearly paid on a monthly basis. 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The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money-back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended in the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today! Till 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, and investors should carefully consider a fund's investment objective, risks, charges, and expenses before investing. A fund's prospectus and summary prospectus contain this and other information about direction shares. 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We had a really nice ABCD move here two weeks ago up there at that $86 level. We dropped $0.10 a pound, like we did back in November so far it's held up relatively well, but we believe that the copper has got a chance to get back to that $272 level down about $15 a pound from where we are right now, if in fact that pattern is working. You look at those old highs as either support and resistance. That's all related to supply and demand. That's really what we're looking at. Let's switch information here for just a second here and move over to the bond markets. I wanted to bring this to your attention since Stan was talking about it. Here is what we're looking at in the bonds. You'll notice that we made that major high up there at that $168 level. That was, if you remember, that was a retracement level going back on the charts from the yearly charts. Bond's top two and a half a year and a half ago, folks. So we made a high in the bonds up there at $173, $174 then we broke down to $143 rallied up to $168. What we've been doing now since October well actually since August the third is to be going lower. We see lower lows lower highs so the market is still bearish. Now if we can get above $161 in the Treasury bonds, the March Treasury bonds then this whole scenario can change and you can have another move up. But the reason why it's so very important there is if you'll look at that price level that spike that occurred that was when we had the Iranian crisis when the when they were fighting over there for that two hour war whatever it was, but that was the spike from there we dropped three handles in two days. I mean it was really quite amazing and since that time all we've been able to do is rally back to a 61% retracement. So the key level in those bonds is at 161. If we close above that we have to remember what Stan Harley told us about the bonds because he's incredibly bullish bonds ie lower interest rates. I don't go along with that but you know that's what makes a bakery some people like chocolate cake some people like vanilla cake so that's what we're paying attention to here this morning. Alright we have another question and that is about the grains. I try to give you an idea of the grain markets I showed the March soybeans I believe we have some resistance up in these areas especially if you want to look at one that's really harmonic. I mean you talk about a market that is just absolutely perfect. Just take a look at this March soybean oil chart folks. I mean you can't get any more perfect chart than this. Look at this you have a big bottom form you back off to a three rate true retracement you make a giant ABCD level and you've only come off a penny that's only five dollars and it's taken seven days to do that so that's still bullish you've got to watch it as a potential bottoming in here and around the the 3360 to 34 level so that's it's a very very bullish pattern much like we're seeing in the coffee both of those look have potential to be you know really really really bullish so we'll see remember we haven't had any commodity inflation here for a very long time that's why the feds able to you know drop these interest rates and you know flood the market with money and someone's asked about the repo rate folks I tell you I it's it's really wild out there so this let's just give you an example here this is from the fed itself these are statistics right from this fed showing you these big spikes that we're having and you'll notice here that this is the repo rate that they're talking about here the total assets that they have so they're pumping a lot of money into this just like Shane Smollion has told us several times that that's really that's when running it so whenever they stop we'll have to pay attention okay another question 877 927 I have a question for the folks here at the Tiger Dan has anybody tried any of this synthetic beef that they're talking about impossible meat or you know whatever it is I don't I've never tried it I don't you know I don't understand why these guys would try something like this that's got all chemical I mean there's nothing but this guy's chemical but I have never tried it I was wondering if anybody else had tried it I've seen 5050 some people think it's good some people think it's not too good but from somebody who eats me three times a day I was just curious if there was any of the anybody in the room evidently not there's all well I know that Tom's not a meat eater so maybe we'll try to anyway let's go go on and we'll see what we need 877-927-6648 so we'll wait here for a second here I want to double check the markets I haven't checked it since the stand was on we're having a very nice hold on just a second here folks a lot of there should be a lot of support folks in the in the gold at 1549 if you're gonna look at gold today it really should hold that 1549 well it's been as low as 15 1549 is going to be a key level to pay attention to but on the upside that level is at 1565 if we can clear that then gold has got a chance to have a move to the upside but right now we have to still think it's bearish mainly because of that 618 on the daily and that's it folks I got some interesting statistics here from one of our listeners I believe up in the state of Oregon over the over the weekend and I wanted to share them with you because it's it borders on the unbelievable actually if you'll give me a second here I will okay let me get this up here there we go alright here's the figures I want to share you folks on July 8th 1932 the Dow Jones traded at 4056 on March the 6th of 2009 it traded at 6469 that was exactly 23 28,000 calendar days 28,000 calendar days on September the 3rd 1929 the Dow traded at 386 on January the 9th just last Thursday the Dow traded at 28,988 exactly 33,000 calendar days I mean can you believe there are even numbers 28,000 calendar days and 33,000 calendar days that has to be a you know has to be a really an interesting one to to look at so anyway that's what we're paying attention to I think it's I don't know if it means anything but the fact that if there are even numbers it's just absolutely you think that would be almost impossible to see those key level and maybe that hey maybe this day the 10th was not a key day I don't know but I'm just telling you what I see alright let's move on the crude oil is continuing to break we've broken below that key support that we thought was going to be there at 59 remember we said the next level you have to watch is that 5720 per barrel we're very oversold in the crude oil but you know you can be oversold for a long time and you can be over bought for a long time so that's a very interesting one to pay attention to okay let's move on to the one other question that someone had and that was about the bit coin let's get bit coin up here to take a look at it we'll be right back folks 877-927-6648 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 and you become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months Timer Digest also ranks me as the number one 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informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com Educating Investors Since 1984 Basil Chapman has been using technology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Later Basil found the computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls Thus was born the Chapman wave sequence Using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter Right now you can get a 2 week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com Cancel at any time during that trial and pay absolutely nothing Get your 2 week free trial to Basil's newsletter the opening call today by visiting TFNN.com For more information just click the thinkorswim banner on the front page of TFNN.com Ok we're back folks I've posted the chart of the Euro versus the US dollar this is a daily chart if you're a technician this is very important because you can see we've just completed an ABCD pattern up there at that 114 level that was perfect right to the money again not again but Gartley said in his book on page 222 that look for the ABCD retracements in a bear market to get short and ABCD corrections in a bull market to get long this is a bear market so that certainly has been completed so watch the Euro for potential sales as we look up in here that means that US dollar should be bullish but remember if the US dollar goes below that COVID at 95-80 level this would no longer be bullish very very bearish pattern and the same thing with the Euro if the Euro gets above 115-116 that would change this whole picture and say that it's going to go a lot higher instead of lower so watch that one very very closely with all the fires that we're having in Australia the Australian dollar has held up relatively well you'll be able to see here when I post this chart that it held up pretty nicely and then broke down to major support we've had a little bit of a bounce just right off the 61% retracement but here again you can see the ABCD correction in a bear market when it got up to 70-50 we were screaming that that was a really important sell point and we did drop a little more than one and a half handles from there so the key to watch now is if we can hold that 68 68-70 level in the Australian dollar so we'll keep you informed as we walk through here alright we've got the end of the show coming up now so live every day in an attitude of gratitude and may god bless and on a programming note I'm trying to get our good friend Tim Bostell again this week because he's had some really interesting calls about the Bitcoin and Bitcoin is really key level as you can see here the chart that I posted just a few minutes ago check out sideways after really breaking out to the upside from that 7000 level so watch it close