 The same presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648. Internationally at 727-873-7618. Let's go to Alan Homasa. Hey Al, what's going on? Isn't it wonderful, this gentleman here with the Gold Report right before the market fell apart ended up with P-A-A-S. We have a 98% gain in the year and I mean you want 99% proof like Irish whiskey but we had a good gain there. You always told us to do what we feel comfortable with and if I lose a little bit of money on the table I will but I know that I just pocketed eight or nine thousand dollars in two weeks. That's a beautiful thing man. Now, Tom O'Brien. Okay folks, this is Larry Pesevento setting in for the master himself. Tom O'Brien, I'll try to share a few thoughts that we had today. The first chart that I posted is from the Dow Jones Industrial Average. This is from the Elliott Way folks and basically what this is showing is that you have a cluster of Fibonacci days and years and months coming in here in 2021. But remember this was sent out early in the year right around January when the Dow was at 31,000. Now the Dow is at 35,000. So this has continued to go higher but there's nothing wrong with it. The reason why we're still in 2021. Now you can see all the different years that these occurred but I think that one that's most important to me is if you look at 1987 folks, there in 2009 you'll see the line going across. That line in 1987 doesn't even exist as far as a crash. That's how insignificant it was in the long-term view of things. That low that we made that day on October the 19th, 1987 was an exact 61% retracement from the low in August of 1982. We hit 666 that day as I recall. I don't remember the exact number. We were 20, 2200, no 1660, 1600 in the Dow that day. So it was pretty crazy. That means that there may or may not be a top folks. It doesn't make any difference about a top. Don't think that way and don't think in crashes. Crashes happen so infrequent. You'll drive yourself absolutely nuts. Let me give you a little bit of a history lesson here. Back in 1987, in August of 1987, I'll bring this up. I had just written the book Astro Cycles of Traders Viewpoint. I was on TFNN. Excuse me. Let's try it again, Larry. In FNN, Los Angeles, KWHY with Gene, Bill Griffith, Sue Herrera and Ron Insana and Ed Hart was there and stuff. But I was on the show in early August. And I told Bill, I thought that we were going to be topping sometime around the date of August the 25th. And that's when we had these different planets line up. There were five planets that lined up on that particular date. It was known as harmonic convergence. That's when all the old guys that wear the aluminum hats, they were out there thinking it was going to be the end of the world. And what I was doing, I was just looking at the ABCD patterns going up into that. And the fact that that was a very strong day with a whole bunch of planets happening. And I knew enough about astrology to be dangerous. And that's pretty much what it was. But when I was on the show, I was on the show with Arch Crawford at the same time. We were on the same show. And I told Bill, I said, Bill, sometime in October of this year, we're going to see the Dow down more than 300 points in one day. Remember, the Dow was trading at around 2700 when we were on the show. 25 round drives right around 2700. So that would have been a huge drop. And he said, how can you figure that out? And he never asked me how I did it. But all I did was I took the largest down day that we'd had during that whole bull run, which was 198 points in the Dow. Believe it or not, we cover that in an hour, as we did today. But I multiplied it times 1.618. It came up with a little over 300 points. Well, it opened lower by 300 points on the day of the 19th. And, of course, had a day when it was down 16% in one day. Trying to pick a top, something like that, folks, is absolutely futile. I don't like to do it. I don't even like to talk about it, because some people are talking about a top. I'm going to show them some reason. Yes, there may be a top here. Maybe not. But you don't really need that. Let me show you why. Here's what really occurred in August of 1987. Let me get this up here and show you. I had this diagram done for quite a while. You'll see, there was August of 27th when we had five planets at zero degrees. The market broke down to 2,500 in the Dow. Then it rallied up and made a perfect 61% retracement of that day. That was October. That was October the 2nd, folks. That's when that 61% retracement. On that day, I bought puts, October puts, that expired on the 16th of October. And as you can see here, on Friday, October the 16th, the Dow was down 106 points. Now 106 points when you're trading at 2,500 is a lot. And when you've got puts that are big time in the money, that was a lot of money. However, if I would have had November puts instead of October puts, I would have made 200 times more my money. The problem was getting filled. During that day of October 19th, believe it or not, the prices went through levels that they'd never seen before. People thought that they got out of options were actually not. They just weren't filled. There was nobody on the other side of the trade. So on the next day, the 20th, of course, the Plunge Protection Team came in and the market started to rally. And that was the best buying opportunity of the 1980s. That was a 61% retracement of the low that we made on August the 1982 when the market was considerably lower. So remember, you don't need to do that. Your main focus is try not to lose. Don't worry about how much money you can make. It's about how much money you don't want to lose. That's the real key. Now, I want to go over a few things. I want to talk just a tiny bit about silver here because silver has really started to... We had a nice move early this morning in silver. You know, it had the beautiful... Oh, one second, folks. I'm sorry. We had the really nice move down to 23 cents. We got down to 22.89. And then we've exploded. Now, we've already taken out these highs today. As you can see here, we were looking at it when it was 23.73. And the silver has already started to move higher. And what we're doing now is just adding the little ABCD pattern here. And I'll do it in sequence so you'll be able to see it. You'll be able to see this was the ABCD sequence of it. And then you want to see the target for that move. If you follow the ABCD patterns, we'll come in substantially higher. You'll be able to see that on the next chart. There you go. You'll see you're up around the 24.20. That will be up $2 an ounce in a matter of five trading days, folks. There's probably been, with a high degree of probability, a very strong chance that we've made a very, very important bottom in the gold and in the silver market. There's no question about it. When you look at this on the weekly basis in gold, you'll see, and of course, Tom covers gold as good as anybody in the business. You'll see that ABCD pattern that we made there at 1875. We took out the lows of February by about $3. And then it turned and just kept going, and it's still going. And we're thinking we're going to get a lease in the 1800 before it corrections. 777-927-6648. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien 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 and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien'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. It's separating you from the most successful men and women on Wall Street. That's right, information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market-profile-based scanner. Powered by its acclaimed TAS proprietary algorithms, this feature-rich scanner instantly filters over 2,500-plus global financial markets such as stocks, ETFs, commodities, investors, and forex. This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen. For a limited time, you can save $100 off your first month by using the promo code Upgrade, and you still get a 30-day Money Back Guarantee so you have nothing to risk. Level the playing field with the TAS Profile Scanner, which you can find under the Services tab www.tfnn.com Sign up today! TIGER TV Live every market day from 8.30am to 4pm 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 8 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 where you're born to be TFNN Educating Investors. Toll Free at 1-877-927-6648 Internationally at 727-873-7618 Okay folks, this is Larry Pesavento. This is Larry Pesavento sitting in for Tom O'Ran. I thought we'd take a look at the Fang stocks starting out here with Tesla. You'll notice that yesterday on Friday and yesterday was Friday, not yesterday we made a perfect 78% retracement of that high going back about 2 months. We've taken out the July high by 50 cents folks 50 cents on a $700 stock. Boy, if that's not telling you there's no interest up there, nothing is and of course the market turned lower closed lower that day and then today gap down with the news there's some type of a problem with one of the cars that they sell that you can't hear when you're driving. Now, we're going to look at each of these Fang stocks because they each tell a nice story and I don't know if you get a chance to do that but I think it's interesting because these used to be the leaders they're not doing it right now. You'll notice here this is the Apple going over the last month or so you see we're up here to triple top up in here. This is not unexpected folks because we set a video out over the weekend talking about it because there was a very clear and I'll bring it up here and show it to you very clear ABCD pattern into new high ground and we we've certainly done that we've hit that we've gone above the 150 level hitting 151 completing that ABCD pattern that doesn't mean that's going to stop it. That just mean it's an ABCD pattern you know over the past month that we like ABCDs but of course we know they don't work all the time and this is what the whole thing is about it's about how much you have to risk to find out whether the trade is correct and on this you don't have to risk very much because you take 3% of $150 stock that's only $4 $4.5 and if you want to cut that down even closer to $2 because if it doesn't stop at 151 you know certainly at 153 you know you're absolutely 100% wrong so you're only risking $2 on $150 stock to see if that is it and that's what it's all about it's nothing more than a pattern that is unfolding as you watch it now let's take a look now at Facebook that's one that's been relatively strong you'll notice we had that triple top and then we broke down we made a 61% retracement now what we've done now is today we're taking out the highs of August the 9th and we've got a 61% retracement so there's a possibility here that it might not get any higher but again if it keeps going higher we can get all the way up to 390 in Facebook and that would be a three drive pattern and a double ABCD pattern and that's certainly possible let me draw that in just to show you what I'm talking about because when these patterns fail folks you do not want to you don't want to stand in front of it because this is what you could be looking at the market really gets moving you see we had the pullback right there and then you have a beautiful ABCD that takes you up another $20 or $19 to $385 without any trouble at all but what it has to do now is it's got to clear that 372 level in order to get there so that's the key level to be watching as you unfold these patterns to see which ones are going to give you the best bangs for the buck right now Apple looks to be having to risk so small amount to see if you're right of course remember Facebook is twice the price of Apple so it has a little more room to give when you're doing it now let's take a look at one that is just absolutely massacred the three drive pattern the first one we're going to take a look at of course here is the this is Microsoft, this is the daily that's not the key one the key one is the weekly obliterated the three drive pattern let's get this up here because it had everything going for it that you could possibly want you'll see back here in February you make a perfect ABCD there at $277 it actually stays there for about a week at about $280 then backs off a little bit to $274 and then explodes up into the $290s in the week of the second week of the third week in July $277 would be your entry point there's nothing wrong with that trade but if you're going to risk 3% 3% of the $277 stocks is $750 so you have to put a stop in so you're selling in a $277 and you put a $7 stop so $284 is your stop and that would happen at the end of that week so you would have been out of that with a 3% loss and if you wanted to you could reverse because that's certainly a failure within that tied up percentage or they're no good and remember you only have to be right 50% of the time to beat this game and we've proven that in the Floor Traders Handbook over and over again with the thousands of samples that we've shown but it's easy to do but ABC's work they work about 60% of the time and the other 40% of the time they don't work and that's what you have to focus on is the ones that don't work and it's a very bearish pattern and it's in the news almost all the time I actually use it very infrequently now but if you take a look here this is Netflix and as you see Netflix here you basically have the 135 pattern where each of those moves are equal you can see how perfect they are they're just about as nice as you could be the retracement comes in at the 61% retracement the market breaks then for two solid weeks it's nice to rally to 525 which is the 382 retracement of .5 and now it's started to roll over again and move to the downside so this is a stock that looks very very bearish on a longer term basis of course I'm looking at something what long term to me is about two months if you look at it on a weekly or something it probably doesn't mean very much as you can see let's just bring the weekly up here so you'll be able to see it here without too much trouble it doesn't mean too much on a weekly basis but I'm more risky verse than I am more than anything else now Amazon's been the one that has been the one that has been the real big surprise here because we had a perfect ABCD pattern on this one this was an extremely good one we went up there to that 37.50 and then you see we had that monster gap where it dropped several hundred points going nowhere today we were all the way down to 32.17 and we've rallied 70 dollars folks to get back almost unchanged on the day but we've broken down through all all support I mean we broken two standard deviations when we did that that was at 32.96 and this has very little support down in here maybe it turns from here possibly but boy the charts are saying this stock has got a problem somewhere I don't know if it's a fact that Mr. Bezos is not running the company anymore or not I'm not sure but that's that's what it looks like now if we take a look at the one that's has been just about the strongest of all and that is Mr. Google will get it up here you'll see here this thing just continues to move higher and higher here again we had a really nice three drive pattern and then the market gapped up folks we have been in a gap up on Google now since the 23rd of July three weeks we have been in a gap up if this thing ever gaps down below 2700 they are going to trap everybody that bought it over the last three weeks now that has not happened yet but that is a possibility and that's one of the things we have on our watch list even though we don't trade stocks at 2024 7 we still we still watch them because they are part of the indices and of course the NASDAQ is one of the big indices we'll be right 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we're back folks this is Larry Pesefento setting in for Tom O'Brien we're going to switch gears here get to where the real money is as Bernstein and Woodward would say follow the money we're going to look at the dollar index I posted the daily chart and then I quickly posted the weekly chart because that's the one I wanted to focus on there's a lot of news in the in the financial press about the collapse of the US dollar I think we're a little far away from that if that's my two cents from right now but if we go back to 19 I think it was 2003 well actually 2011 Tom O'Brien coined the phrase king dollar when the dollar was trading at 73 from 73 it went to 104 made the double top and now we're coming down and I believe we're going to have one more push down about four or five more points which get the euro up around that 119 level and excuse me 121 level and that would give us a spot here to really go along the dollar and go short the euro but this is a weekly projection so it's not easy to see it unfold and if it gets above 9400 on this dollar index that tells us that this dollar is going to go higher the euros going to go lower and you won't have to worry about the US dollar collapse at least at this time I know there's a lot of stuff in the news about what's happening in Afghanistan but folks the market just basically took it in stride today you could see it happening it with Dow was down 200 points before you knew it it was down 100 then it was down 15 then it got up on the day I mean the market was telling you this was not a big deal and at least right now one of my contacts over in London has told me that this is something that they've been planning for a long time and what it's going to do is it's going to stop the fighting in Afghanistan and the other countries are going to come in and take over whether it's Russia or China whoever it's going to be and there's not going to be much fighting after this so we're going to see if that's the case but that certainly overtook the country and just and I'm not blaming any administration folks because they all were in this thing together Bush all of them going back as far as you want to go they all did the same stuff I mean it was not good Mr. Biden happened to be the Mr. President Biden had to be you know pulling the trigger at the end but it wouldn't make any difference because this was already plea planned when we start taking troops out little by little over the past several years and I've and let's just move on to something that people really care about okay let's look at some more charts that's the one that's the dollar index but the other one that we want to pay very close attention to here folks let's get this weekly chart up here because this is really starting to move here this is this Japanese I want to get up here you'll be able to see it today it's starting to move after that double bottom let's get the picture up here Larry here's the double bottom in the end you'll see down here at the 8950 and what we've done here's what we're doing today just looking at the daily chart you'll see that we've had a really really nice move up today confirming that that bottom is in fact in and that's going to be an interesting one to follow through it's been in a bear market for quite some time the pullback that we made here back on the 12th excuse me the 11th of August was a right out of 61% retracement and that says this market is going to go up to at least the 92 the 92 level and we'll show you how we come to that that's the original ABCD move that we look at so much as we're overlooking these different patterns that's the basic one the seed as Benoit Mandelbrot called it that's the seed of all the patterns is the ABCD pattern so that's it if you have any questions folks 877-927-6648 now since we're talking about the British pound I wanted to bring this up here because this is a four hour chart in the British pound and we're getting close to some major support let's get this up here now you'll notice here that we've been coming down pretty hard since June when we made that triple top up there with a three drive pattern at 140 260 then we came all the way down to 136 it looked like it was going to be the end of the world for the British pound with the COVID and everything and the market can completely reversed and what we've done now is we're doing a corrective pattern here in the British pound and I think we've got a chance here for the British pound and also the US dollar to move in the same direction that can't move in the same direction but moving the same direction as the Euro so the area that we're looking at here is at 137 at 80 that's about 50 pips from where we are right now so watch that one very very closely that's going to be an interesting one from a major support and the reason why folks if you like head and shoulders patterns that would complete the head and shoulders let me show you why you have to have that occur let me get this in I'm going to draw this dark black line and you'll be able to see it really clearly and you'll understand why head and shoulders pattern has to be done this way hold on let's get this up here and take a look at it these are some of the things we'll be teaching of course on my class on the 19th this month and we're going to be talking about head and shoulders you'll notice that left shoulder is where the black arrow start and the black line started on July the second then you go into your head on the 20th of July and then your right shoulder has to be higher than that left shoulder to be a valid head and shoulders pattern and the time should be pretty close and it will be and that's what you'd be watching you'd like to see it to get to 137 137 80 down about that would be a perfect head and shoulders pattern will it work I don't know but the thing that you do have going for you know exactly what your risk is your risk there at that point on something that trades for about $50,000 is going to be about $300 about 60 pips because it's going to be that accurate it's got to stop at 137 80 or it's no good and you know your own out and you could reverse if you like but that would be a let me just draw this in it's just so perfect that you know when I look at this I said gee this is interesting one let's get it up here and we'll see it here really closely and there's there would be your right shoulder right there I just showed you with the ABCD and that's completing over a 10 day period because this is a four hour chart and blow it up a little bit you'll be able to see it even clear these are the kind of things that we want to you know make easy for you to understand but there's your there's your ABCD coming right in there 137 78 and that's the head and shoulder and that's that's how you get it up to find whether the risk is going to work it's no different than what we did when we shorted it when it was way back at 142 that's this is the upside down upside down pattern of that let's just move it over you know we've already shown you that but we'll bring it up again so you can show it this is the upside down pattern of that thing instead of being head and shoulders it was a three drive but it's the same principal it's that ABCD pattern where you put everything together and say okay it's got to stop right here 142 50 or there's something wrong and it stopped at 142 50 that's what you're looking for when you're trying to line them up like this I hope that understands how patterns work but that's pretty much what we're looking at now we're going to be talking here just a tiny bit about Canada because they're going to new prime minister is going to have to go under some severe scrutiny here and here is the chart let's just do this together so you can see it here's the Canadian governor all right versus us and we're seeing it a big down move today because they're getting ready to have this election and all this other stuff but if you add the pattern to it if you put the ABCD pattern together on everything you'll see that it's going to have a very strong probability of coming down to that once to that 79 level 877-927-663 are you in the market for buying the Bay Area including the surrounding St. Petersburg Tampa and Clearwater markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at tfnn.com that's 727-329-8322 call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set free trade Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at tfnn.com for only $37.50 sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk free today with our 30 day money back guarantee tfnn educating investors biotech is booming but for how long do you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction chairs carefully before investing the prospectus and summary prospectus contain this and other information about direction shares gain a prospectus or summary prospectus please contact direction shares at 866-476-7523 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 principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC free at 1-877-927-6648 internationally at 1-877-7618 Tom O'Brien okay we're back folks I posted a chart of the crude oil this is a four hour chart going back over the last three months you'll see the three drive to a top pattern that we made back on July the fourth but if you look to the left you'll see there in mid June around the 10th there was another three drive pattern with an ABCD that ended at 71 and that pattern failed and that's because these patterns are not infallible they failed and you have to be prepared to handle it when they do fail and your failure is when it goes past 3% of what your risk factor is so if you're risking 3% in crude oil which is a great deal that's almost about $2 a barrel that's far more than we usually risk where you only risk about 88 cents so you've got to find out what your risk is okay someone who's tough day PLBY David's saying something about I don't know what PLBY is David I don't even have it in my list of stocks so I'm not able to if you want to post it that'd be great but some of them had some pretty tough days I don't know maybe it's a ammunition for Afghanistan I don't know what it would be that's a good part of doing futures you're limited to what you can look at you can look at about 30 or 40 things as opposed to 5 or 6 thousand that David looks at in his portfolio of things that he has for his service which is really spectacular because it gives you the guardlies and the butterflies and shows you exactly what these things should be doing to the 100th decimal point which is really good in fact he's had some really wonderful posts here on my show and also for his own especially the wheat has just been rocking and rolling David you should be very very proud of that one look at this one folks this is wheat you'll be able to see this is studio ah that's not David hold on a second here there we go there's the in fact we hit 790 in the wheat today overnight so it's continuing to go higher we're at the top end of that ABCD level so we got to remind ourselves I wanted to bring you to your attention the chart that was someone sent to me this is people that are predicting a potential major something happening here and remember it's really difficult to try to predict the top folks I've already mentioned that and you don't have to do that when the top is in it's going to give you a chance are you kidding me when that top is in the shorts are so scared to death all they have to do points in the S&P to probably rally 50 handles that's how scared the folks are the open interest is not producing a big gains which it should be we've had drops in big drops in the NASDAQ open interest so that's short covering so that's why the NASDAQ is weaker today it was down 140 at one time so that's telling you that that's the type of thing that you're looking at so you've got to be able to to plan your day not around a crash if you do that you're only going to trade once every generation and that's past that was 1987 that was 30 what 34 years ago and believe me it was a 34 yeah I guess it was yeah 34 hard to believe shut the front door and razor it but I remember it like it was yesterday and folks it was a real crash just to give you an example how bad it was that day of the 1600 issues on the New York Stock Exchange there were only nine or 13 stocks were up only 13 issues out of what six there were 1600 issues that day and the real key to that folks was you got to I got to ask yourself the question if a stock will not go down when we've had a bona fide crash like 1929 with the stocks down 16% in one day and nine stocks or 13 stocks won't go down do you know how much buying that takes to keep that from going down are you kidding me and if you to follow those stocks I don't remember which ones they were because that's such a long time ago but I followed them for a while and they screamed I mean though you buy that you got that was a that was a market telling you that I really want to go higher because if you can't get a stock down when you're in a market crash it's only got one place to go folks and that's up in a way did the other one that went crazy to the upside on the 20th October 1987 was treasury bonds and I was long treasury bonds and they were down about a half a point which is really not very much about $500 but I was afraid that the brokerage firms might not even open the next day so I I liquidated my long my long bonds and covered the short S&Ps and stuff and the bonds rallied 13 handles over the next few days without letting anybody in I mean they wouldn't back off at all they just kept running and running and running and running and they kept running for up until just a few years ago so that's it Terry's was saying that the 4483 completes a big ABCD on the S&P that's only 20 that's not even 20 handles from the old high so it could easily do that Terry you're absolutely correct that is in the ballpark now the Dow Jones did complete it I think I posted that one we'll post it again here but the Dow Jones has certainly here it is right here you'll be able to see the Dow Jones did complete it and I know it didn't take out the high yet but that did complete the ABCD on the larger one you know what Terry you're absolutely right I stand corrected that that is correct it's 35 it could go 200 points higher in the Dow without any trouble to 35 647 that's the ABCD I'm looking at that 127 I didn't see that well it's right in front of me I don't know why I miss it but that is a perfect ABCD so we could easily get 200 points higher in the Dow Jones and that would get us to about 44 83 in the thanks it's a good I thank you very much I didn't see it I was watching that 127 because it followed so nicely and you know dropped 300 points from the high and of course it came back and took all of it back I haven't seen as the market is the Dow Jones still up on the day because the last time I saw it was up just a little bit but I don't know whether it was continuing to go higher or not because I don't check prices when I'm ever on the radio show because it's it's too hard to keep it up so that's one that I'm watching but you remember the NASDAQ the NASDAQ is certainly already completed it's and that can easily go higher I mean it came back really strongly today and you'll be able to see it I know you cannot see it I see it okay it's up pointing okay thank you very much see but with the with the NASDAQ you see you have that three drive pattern there one two three you see that we broke really hard today we broke over I think 180 points lower touching the low of just the previous day and then all of these things started to go up so the Dow's up about 60 so we could easily make 200 points higher the Dow without any trouble 35 648 without any trouble doing it and of course the Russell that's the wicked stepsister I mean talk about something that really badly I mean you can see how we were in the Russell and I people try to explain to me what's wrong with it but I too dense to understand but last week we made a 61% retracement to the ticket 2265 and for the last six days we've been going down this was as a Friday and we were down big today that probably came back a little bit too but this is this is a market that's really lagging badly so you want to buy strength and sell weakness buying strength is when you've got 1600 issues down and 13 issues up buy those 13 issues because if you can't get the market down with the market getting hammered like that it was it was really quite something to see that and I used that as an example for quite a while 877 927663 sunshine 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 830am to 4pm eastern for free each host is an experienced trader and gives their take on the market 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TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV okay folks this is Larry Passimento setting in for Tom O'Brien himself and I just wanted to bring up the S&P you'll notice here that we've made new highs now so it continues to go higher and do you want to see a chart that's really amazing and you wonder what's going to happen this is a no brainer folks I don't know when I just know it's going to but take a look at this this is the same one the reverse point wave that we talked about before from 2018 you make a low 2019 you make a high 2020 then you take out the low of 2018 that was the COVID that was March the 23rd 2020 excuse me from 22 220 all the way up to 446 and we continue to go higher the thing is folks this is how patterns end they don't begin this way it's just how high they're going to go and I have no idea when that is it I mean when I saw the market this morning down just a very very small amount I knew that this thing was not going down today because it was negative news and the market absorbed it like it didn't even happen and that's market feedback folks you know if you have really good news and the market breaks that's telling you there's no buyers but you've got bad news and the market won't go down there's nobody selling it and that's you know the bottom look we're making a new high I just noticed here at 4473 Jimmy just said we're going to hit 4483 I didn't think it was going to hit it while the end of the show but we're almost there now so that's a heck of a move and how many handles have we rallied what 40 handles are ready today yeah we rallied 40 handles from 32 to 73 that's 40 handles straight up with virtually no corrections none of the corrections have been more than six or seven points you know that's what you want to try to do is to follow one of those little puppies that's the best thing so the wealth trading in the stock market seems impossible to most people they