 The following is a presentation of TFNN. 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. Our guest today at the break will be Stan Harley, the Harley stock market letter. Looking forward to listen to the stand today at 11.30 when we come up to the break. We start out the day by looking at the footsie. As you can see here we have a lot of ABCD patterns everywhere and hold on for a second. And my mic sounds distorted. Well, I'm probably a distorted person here. Let me see if I can get this thing fixed. I'll try to get this thing done. Get in a little bit differently here. Broad sort Danny boy, broad sort to Danny boy. Come in Danny boy. It's better. Ah ha. The old press the old button on the microphone trick works once again. You can see the lot of ABCD patterns. A lot of ABCD patterns everywhere folks. That's why they work because that's the basic underlying structure of the market. As per Ben Watt Mandelbrot. We're going to take a look here at the German Dax. You'll see these markets were under a great deal of pressure until about one o'clock in the morning. Actually three o'clock in the New York time one o'clock Tucson time. And that's when the markets exploded to the upside with the news that Putin had surrendered to the cave people. And they had taken their little wooden their little wooden rifles. They were rioting or prancing in the street that they had defeated the big monster. And there were signs that said bring it on Putin boys and girls. You can't make this stuff up, but that's the case. Anyway, people don't realize that there's a thing over there called the black sea and there's 40 warships there. Russian warships in a nuclear submarine sitting there ready to blockade that area of Odessa. What he's doing, folks, he's a master at manipulation. He's a former KGB captain. And you just be really careful with these new things because what you hear and what is happening may not be the same thing. But boy, when these things explode, they certainly do. There was a perfect reason for them to explode. Yeah, they're trying English. Here is the Nasdaq yesterday, folks. We have talked about this on the show yesterday. We were sitting right down there at that 78% level coming spot on. And then you see here, this is an hourly chart. We had to move up tonight. Well, you can see we went a little above the 382. We're trading right just a little above the 382 right now. It's been the weaker of all the indices, of course. The S&P's got all the way up to 44.65, I believe. And the Dow Jones being up a little over 400 points. I was surprised it's not up 1,000 points, folks, given the fact that that news was so a relief to the market. I was really surprised the market wasn't a lot stronger than it actually was. But let's get down to a couple of these things that we're watching very, very closely. First of all, one of the things that we watch closely, of course, is the gold market. And I happened to be on the air last night with Australia. And just as this was happening, it was in the morning over there. I was doing a quick little radio show for them and a little camp go appearance. And I was pointing out this ABCD pattern at 1882. That was real early in the morning, folks. I think it was, oh dear, 10.30 in the morning over there. It was about 8.30 here in the evening. And it was setting there at 8.82 when we were on the air. And I said, this should give pretty strong resistance because of the ABCD, because the BC swing was 3.82. I said, so your measurement takes you right up to that level. So if you believe in ABCDs, I mean, your risk here is very small. You wouldn't have to put your stop more than, you know, 1885. And before I could say 1885, it was trading at 1870. I mean, it dropped $12 like it didn't even exist. And, of course, it went down and broke rapidly. Now, all I'm doing when I'm looking at these, I'm looking at support and resistance and looking at the patterns. And that's all I'm basically doing, folks. I'm not factoring in Odessa or anything else. I'm just looking at these patterns. That's basically all I'm trying to do. But look what happened. Well, I'll do crude oil next, but look what happened. I talk about this a lot. You folks don't pay too much attention to it. But, you know, here's an interesting one. This was the gold last night, folks. You see where we made the high up there at 1882. We dropped 47 handles all the way down to 1845. We rally up to the exact 382 to the tick, folks. It didn't go one tick higher than 1859. And then look at crude oil. Not one tick higher than 8329. It's 8328. That was the high, 8328. And it's broken $2 from there. I mean, you know, these things are really good. You know, they just don't work all the time. And therein lies the problem, folks. Everybody's looking for something that's 100%. And boy, 100% is a real tough one to lay it out. I mean, it really is. It's just very, very difficult. Now, let's do the same thing. And I did these. I did these in the video. That's what I do each night. I try to point out things that may or may not be important at all. And if you take a look here, this is a video that we sent out last night early, before the break, of course. But the 1.618 expansion on that move was 9566. The high was 9572. And now we're trading way below 91. We're in the 90s now. Maybe lower than that, because I haven't seen prices recently. So this is a pretty big deal. You know, what Putin has done here is he's relieved the pressure off the pressure cooker. But believe me, folks, he's a master statistician. You know, he, remember yesterday I told you about Lazarov saying it was like you're looking in the eyes of Don Corleone? Well, let me tell you, he's a pretty sharp guy. So before you, you know, wave out the surrender banners for the Ruskies, you better be very, very careful because it has a tendency to come back and he's a pretty adept mathematician. And he's very, very bright. He ran the KGB for many years before he was made king of Russia. So that's one that we're going to be keeping a very close eye on. Speaking of 382, look at the one yesterday that we had on Valentine's Day. This is one we had on hogs. Look at this. We have a break from 107 down to 101 in hogs. We rally up exactly to the 103 level. I haven't checked them today, but odds favor that they're probably below that 101 level. Can someone update me where the hogs are trading this morning? I'd just like to see if that hog 382 held because it certainly had all the aspects going forward, just like the gold did and also the Euro. Let's not try Euro. Let's try the gold and the crude oil, both of those. The last on the crude oil, last on the live hogs, please. Someone give me that. If you'd be so kind, 104. Okay. So it went right back up to that same level again. Okay. Now let's move on here to talk just a tiny bit about Nike. Mr. Bo here in the den was asking about that yesterday as a possible buy. And I'm just doing it this morning of course. You can see we had a big gap up. We were trading at 140 and change. We gapped up to 105. You can see here that it hit the 1.618 level on the 24th, the 30th of January, and again on the 13th and 14th, not the 13th, but the 12th. Let's try to get there. The 11th and the 14th of February. We'll be right back folks, 877-976648. 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 predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. 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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 4.00 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. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, we're back folks, and someone, hold on here a second here, someone's asking a question. Okay, here is the chart. I want to get this up here. This is the chart about Peter Elides from 1987. He was saying, you notice where it says FM right there? That means that's the full moon and that's where it should start down from. That's tomorrow folks. The 16th is where it should start down. Whether it does or not, I don't know, but that was the whole premise of the 1929 thing and also the forecast and also the 1987 forecast and also what we're looking at here. There's no question that we made some type of top here last Thursday up there at 45, whatever it was, in the S&P, and now we've backed off and now we're maybe going to challenge that and even go ahead, if we go above that, that would certainly make this a very high improbability that you're going to have much more of a correction. We maybe go up into new high ground, but until that happens, you have to assume that this is correct. We're just having a very strong emotional, in fact, I'm not surprised that Dow's not up 8, 900 points. Back when it was a bull market, it used to do that easily, but the fact that it's only up 4 or 500 points to me is rather surprising. I was expecting a rally, but I was expecting more of a rally than this. Maybe we'll get it by the end of the day, but that's what I'm watching as I look at these things. There's nothing more than that. As far as my relationship with Peter, I've known Peter for a long, long time. Back in 1965 is when we first met. I'm going to choose that. That's what? 47 years, I've known him. Well, 57 years. Shut the front door and raise the rent. No, 47. 47 years. So that's quite a long time. And he's a stand-up guy. He's as humble as ever. No one's done any more stock market work given his years in this business and stuff than Peter. He really has done his work. So I'm looking at the same type of thing. I'm looking at the things based on Fibonacci numbers. He uses a little bit of Fibonacci, but he does a lot of time cycle stuff that he does on his own. And his work has been published, and it's very good. Is it right all the time? No, it's not right all the time. Nobody's right all the time. So we've got to keep that in mind. The main thing is that we were expecting a rally to come in here, folks, yesterday. We had a beautiful Gartley pattern at the 786 in the Nasdaq sitting right there, you know, and boom, what we do, we've rallied over well over 300 points in the Nasdaq today. And so that's basically the bottom line. How much do we rally from here? No one knows that. But if we continue rallying today in the Dow's up 800, 900 points, that's going to put a big dent in whether we're going to see a move to the downside. But by the same token, if something happens that, you know, one of those plastic bullets over there goes off or something, you know, we might see another correction. These markets are very jumpy, folks. The volatility that we're seeing here is tremendous and it's going to get more and more and more. That's for sure. Okay, now we talked about the gold market. We talked about the crude oil market. And there was one other I wanted to talk to you about. And that is the Euro market. Here was one. We had a really nice setup in the Euro yesterday. I think we talked about this on the air. We talk about so much stuff. I can't even remember. But you'll see we had the big ABCDs down there. You'll see that the level we were looking at was just under 129. We're up in the 133s right now. So it started to work. We have our stop placed at... So we definitely locked in a little bit of a profit. You can see that red line over there on the far right there. That's where we put our stop to make sure that we're looking at it. The Art of War. One of my very favorite books. I have that book in about four or five different languages. It was originally in Chinese, but it's been reproduced in many languages. Bobby Knight, the coach of the Indiana Hoosiers. That was on his desk all the time. Norman Schwartzkopf. It was on his desk all the time. It is absolute must reading at the military academies. All of them. That is an absolute must. The Art of War. Very good by Sun Tzu. It's a really great book. And one of the most favorite quotes in my book is, don't ever, ever prevent your enemy from making a mistake. So that's a good thing to remember. So I think as mistakes are what kills you folks. The first mistake teaches, the second mistake kills. And that's the one that you have to watch the most. Now, Bo is asking a question that there's a possibility. Let's just get this up here, because he makes a good point here on the Nike. Let me get it here. And this is all part of thinking through a trade. So here's what Bo was saying here, is that we've got a real battleground set up now between 139 and 149 in Nike. Now, if we can pop above that 150 level, this means that for a whole three and a half weeks there, there was a lot of accumulation in Nike at that point. And so the market could continue to go higher. But by the same token, if it goes back and rolls back below 139 again, that battle has been won by the bears and it could go even lower. So those are some of the things that we're looking at here this morning. So just keep in mind, it's not how much money you make, it's how much money you don't lose. Now, I want to get back to, we're going to talk about the Treasury bonds now and the Treasury notes. Basil spent a great deal of time on that. You can see here that this market, it doesn't have any friends, folks. We're below the 1.640 expansion of that whole move there. The Treasury, the TYT, the TLT broke into new low grounds today. On this particular, these particular charts, folks, I'm not seeing anything that gives us anything of any reason to possibly be getting ready to look at the notes. And I know there's one there and I wanted to bring it to your attention here because it's right here somewhere. If I can just find that puppy, just give me a second here. It's got to be right here. Oh, come on now, there. Where are the T bonds and T notes and there's a T notes are right here. And we're going to take a look at it right now. Let's get this up here. Here is the A, B, C, D on the T notes. We've been looking this for a long time. Can someone tell me right now how low have we been in the Treasury notes? Have we made 1.2504 in the Treasury notes? Because that's the A, B, C, D on the weekly. That's the only thing that would make this thing hold up. Now we know we've got the Fed in there. Everybody knows there's going to be at least 7 to 22 rate increases. 125. 125.18 has been the low. And 125.05 is the number. So we're getting close. So it's going to be interesting to see what the Fed does. But this is a major A, B, C, D in the Treasury notes. Now we're looking at potential of 129 in the Treasury bonds. So that's going to be really interesting here. So write that down, folks. That's a long-term weekly number, 125.05. And we'll see if that's going to hold it. Everything else has not held it, but that A, B, C, D is there. And it's shouting, take a look at me. So guess what? With the Fed out there tomorrow, you know they're going to raise rates. I mean, a third grader could figure that out. But the Putin has relieved any selling pressure. So they've got every reasonable reason to raise the rates. And raising the rates doesn't hurt the stock market. It helps the banks. And what do the banks have? The banks have the money. 877-927-6648. Stay tuned for Stan the Man, Harley. Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex predator in the trading markets and join the Tiger's Den Trading Room only at TFNN.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. 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TFNN also features trading services with a 30-day money-back guarantee for new subscribers, as well as TFNN's Tiger Den Trading Room, trading software, and additional webinars for all trading levels. And make sure you check out Tiger TV for free on TFNN.com or TFNN's YouTube channel for live financial content from 8.30 a.m. to 4.00 p.m. Eastern on market days. Stop watching on the sidelines while other people get rich and become the investor you were born to be. TFNN Educating Investors TFNN is excited about our new software charting program The Art of Timing the Trade Shards In collaboration with Tom O'Brien and using his best-selling book The Art of Timing the Trade Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Shards allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Shards is one of the best trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Shards today by visiting TFNN.com This segment is brought to you by Thinkorswim. For more information, just click the Thinkorswim banner on the front page of TFNN.com Okay, we're back folks. We're talking with Stan Harley of the Harley Stock Market Letter. Stan, welcome back to the show. You want to tell the folks what you're looking at in this quiet non-volatile market. Hi, Larry. I'm doing just awesome. Brought a couple of charts today The first one is the chart of the Dow Jones industrial. And as one can see on the Dow chart we made a high on the 4th of January and sold off very steeply making a low on January the 24th. And now we're kind of chopping around mid-range. I view what's going on right now is a consolidation phase. I am reminded a lot of the time period in the first quarter of 2018, four years ago. And that year, you may recall the market made a steep rise into a January high. It sold off for a couple of weeks very sharply and then it chopped sideways for the next couple of months ultimately making a couple of more cycle bottoms. But the terminal cycle bottom was in early May that was the what I call the 34 week cycle bottom and from there the market pushed higher. My gosh, the present chart pattern looks remarkably similar to that first quarter of January 20 of 2018. We had a January high we sold off for a couple of weeks into the January 24th low and then we are etching out a sideways structure which I think will ultimately terminate in early April producing the next 34 week cycle bottom. I have done through an iterative process I found some Fibonacci counts that seem to line up reasonably well with some highs and lows and that is what I have done here in the next chart to show the viewers. Okay. The second chart is the S&P 500 and like the Dow we made a high back on the 4th of January we sold off very sharply making a low on January 24th and what I have done here is I have added Fibonacci numbers to that January 24th low that corresponds roughly with the February 9th low we saw back in 2018 and the pattern appears to be very very similar. If we count forward in time 21 trading days from January 24th we get to approximately February 22nd, 23rd and I think we are going to make a high there, that is next week and that will probably be the high of the trading range for the next couple of months. Then I see us chopping down lower making a series of two more lows one in the middle of March approximately the 14th you know give them a day or two or three left or right of these numbers that would be approximately 34 Fibonacci days from that January 24th low. Then we get a very short rally out of there and then another low somewhere in the vicinity of the April 12th time period that would correspond to approximately 55 trading days from the January 24th low. We could possibly see a few stocks go to lower lows but I think the spike low or what I call a price shock that occurred back on the 24th of Jan was probably the low for most stocks. That's what happened in 2018. The next two lows were slightly higher basis to down the S&P I think we're going to essentially do the same thing and then late in the spring I think you're going to see the market back right back in New High Territory. The secular bull market ain't over yet in my judgment. We still have more to go. Okay boy that's pretty much spot on my goodness. I like the timing sequences that you show here. This is very interesting because when you add some simple ratios to it it gives you some pretty good support and resistance levels doesn't it? It does indeed although the charts are more focused on the timing aspect. In terms of price I think we are range bound between the early January highs and the late January lows and I think it's going to prove frustrating for both the bulls and the bears. The bulls of course drive prices higher. The bears want to see a crash. I think they're both going to be frustrated here. I think it's a choppy trading range but ultimately trading ranges break out either to the upside or the downside I see this as a high level consolidation with the ultimate resolution pushing northbound. Okay Stan could you by any chance they're asking in the room if you could refresh the second chart the SPX chart that you have up there for some reason it's got a blur in it or something I can't see it of course but if you would be so kind as to refresh that S&P chart if you can SPX I think that's there we're spot on now we've got everything we needed to know we can see everything perfectly and I think that's great. Listen I know you're really swamped because you've had a little holiday here and you're catching up with your work so thanks for joining us today we'll be back on again in a few weeks if you don't mind because we have a lot of fans here for the Harley Stock Market Letter and we would like to hear from you often as possible well thank you Larry my pleasure okay thank you very much Stan Harley of the Harley Stock Market Letter folks we'll have him back again in a few weeks and we'll be watching these dates very very closely he's he's done a great job he's been on the top of that timer digest list for a long time it's no longer in business but it's still an important factor in the people that watch what the market is doing because they do a great job of tracking the people that are doing you know really great things let's move on here to one other thing that I wanted to we've talked about the bonds we've talked about the notes folks this is really critical here you're talking about a market here that we that we posted here in the Treasury notes this is the largest of all the commodity the open interest in this puppy is about 1.4 I know the Euro dollar the dollars trading abroad that's a much larger market but you know that only trades you know it hardly trades at all it just moves like an ocean I mean there's no movement to it because there's so much out there but the notes are really a big market folks it's three times you know what the Treasury bonds are and yet most of us trade the bonds because they're more volatile but this is going to be really interesting the fact that they're going to be really interesting to that 125 level on the weekly so I would be really surprised you know they could raise rates and you could see a real rally in these things just by a counter trend rally you know that is that is too small well and fortunately I've got these things changed the way they're supposed to be and there's nothing else that I can do about that I wish there was but there isn't so let's move on to another as of yet I wanted to get it up here to show you I think this will be the right size if it isn't I apologize but there's nothing I can do about it right now as you can see we had a slightly higher you high yesterday in the silver this was the overnight silver folks where we took out the high by about four cents and that was right around 24 or three per ounce and then we broke almost a dollar an ounce we have broken a dollar an ounce on that level because the gold has sold off more than just around $50 right around that level right now it's important that the gold stays above that I think I can show it in that chart here because I planned on doing that and I'm sure I did I'm pretty sure I did yep I did there it is I want to get this gold chart back up to show you again the old highs back there you see 1838 and then we backed off to that 1812 level watch that 1838 level folks the reason why and I'll give you that reason why when we get back 877 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you look at that those old highs that were made back there a few weeks ago in 1838 before we backed off $22 and then of course we had the thing going on in Ukraine that caused the thing to run the last 50-60 bucks and we had that big high last night the reason why that 1838 is important if we close below 1838 folks that means they've trapped a whole lot of people on this and believe me there has not been an increase in open interest dramatic increase in gold during these last few days same thing with silver neither one of them had increases that's telling us that there's not a lot of not a lot of what we call quality well there is no buying it's just short covering that's what it is at least that's what it used to be what I started doing this years ago now by the same token if we look at the treasury bonds and treasury notes the open interest is just dropping as it's going lower that means that the shorts are leaving the market then it's making it susceptible for a good rally so we need to watch that treasury note really closely tomorrow especially with the Fed out there I'm going to be buying the notes down there at $125.05 tomorrow with about a 10 tick stop and that's about all you can do it might be a little early might be a little late but that's my game plan I'm sticking to it these numbers have led me to the promised land and sometimes the promises are not where you want them to land but it's got me this far and I think it'll take me the rest of the way for sure folks try to go after the you don't have to try to pick tops and bottoms and stuff like that I mean go after the real easy trades this was an easy trade here in the Euro this is the actively most actively traded thing in the whole world it's sitting down there at $129 a little below $129 and you can buy it there and there's so many it's a trillion dollar market folks I mean it's bigger than stocks and bonds so you know combined so it's a it's a pretty easy one to get into so if you want to learn how to trade you know start learning by using the Euro that's the one that's by far the best one you know for doing it and remember when we when we work on these things remember about ABCD's you know with the with the Thunderbolt pattern and stuff remember the Thunderbolt pattern comes from Benoit Mandelbrot but it also comes from a dude that lived in 653 BC folks Pythagoras the smartest man ever to walk the planet as per the words of of Albert Einstein he said there was God and there was man and in between was Pythagoras he was the first man ever to use the routes of numbers okay and he was the first man to tell you that the earth well there were others too but not many people believe him that the earth was round it wasn't flat and that he knew the distance between the moon and the earth was 250,000 miles plus he knew he knew the speed of light by calculating that hypotenuse triangle I mean it's incredible what the man knew but that's neither here nor there what we try to do keep it simple look for little ABCD patterns and when you find those those are the ones that will give you the advantage that you need because when you get to that D point that's telling you that something is getting ready to happen does it always happen of course not it only happens about you know two out of three times at the most well sometimes you'll be able to streak it'll be longer than that but if you just look for them you're gonna find him and he just takes a little practice to do it so don't give up that's all I can tell you you certainly want to be able to be able to do that now someone's asked a question about the chart that I posted a long time ago about the COVID and the possibility we might be doing this folks we are now I thought you'll see back there on the night I thought that was gonna be a four day rally is what I thought it was going to be that was back in 2000 okay now we have gone out and we went eight days if you remember we were out eight days when we got to that number last year light is pointed from the high down to that low was 38 trading days all those years had it 29, 87 and also ours now if we go above that number which is 45 45 45, 85 that means Mr. Stan Harley is going to be flat out right we're going to see new highs in stocks but that's going to be a little ways down the road but if that does happen it certainly can't happen so you've got to tell this is an important day because we're having this emotionalism coming right out of the market and everybody's talking about it in the news there's people saying it's not over some people are saying it's over the people in Kiev think it's over but I don't think they're the ones that are going to be measuring those waves and stuff so remind ourselves that that's what we're going to be paying very very close attention to here as we look at some of these things unfolding we got the S&P trading at 44 60 it's got to go up just about 100 handles to get to that level and it might make it today who knows it's still early in the day we still got 4 hours left to trading and you know we can certainly do that without too much difference now the one market that I haven't covered and I need to is a natural gas but I've been so busy with the other stuff that's going on with the currencies and the bonds and the the S&P, the NASDAQ and gold and all the other stuff I haven't really had a chance to look at that natural gas today but I will on tomorrow's show tomorrow's show we're going to have Jim Bartolioni will be our guest and being the old F-18 pilot the old Navy pilot that he was he's got some great stuff from Bart's charts that is really fun to look at so let's keep in mind that that's it those of you that are listening from the UK are over in Europe I'm going to be in Europe on the first second and third of April this year and oh that's April Fools and who knows what's going to be happening then Covid, what do you say Covid is going to be determined whether we make it or not but we're going to have a big seminar there I'm going to do live trading for 12 hours Tom Hougard and I are going to live trade on Friday then we're going to have a teaching seminar on Saturday and Sunday it's three days we're going to have David Paul myself Al Brooks and David Paul all five of us are going to be there and we're going to have a pretty big venue we've got a lot of people already signed up for it so it'll be a lot of fun that'll be held in London and so we'll look forward to that which is whenever you do live trading with Tom Hougard folks it's a real hoot it's like being in the audience with Johnny Carson or Jack Benny somebody like that because not only is he a super nice guy devil make care of that good guy as they always call him but he's very very not as humble as he used to be of course but he's still very humble and he does a great job at what he does in fact all the guys there are a lot of fun to do so well that'll be on April 1st 2nd 3rd over in the UK if you have any interest just let me know and I'll forward the information on for you okay now I wanted to mention one other market that we've covered crude oil, gold, silver the natural gas I'm not able to do that another one that we really need to pay close attention to is that US dollar i.e. through the Euro the Euro is acting pretty nicely from a major bottom down there that three drive to a bottom pattern how high will it go this is the 64 dollar question someone asked me how do you determine you know where do you where do you take your profit on something folks it's related to how much money you have to risk you know that's the whole key to what we're doing here that's why that 3.8 2 pattern is so good because your risk is so small now many times the market is going to go down and it's going to go right back up again and take it out but you know what your risk is is that point look at this one in the hogs here's a perfect example of one that it worked for a while it worked for you see if you're if you're selling at 10375 and you drop $500 you know you got to take some profit you got to lower your stop to at least lock in $100 profit in this thing because you see it went right back above it and then you would add a loss that's not any fun let's take a break here boys better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN and advice and guidance from the authority in technical market analysis and it's not just dry tedious text either. 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