 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, I'm looking good Billy Ray feeling good Lewis. We have a new Chart to show you today folks It's Shopify and the reason why one of our listeners up in Canada Mike has asked us to look at the chart because evidently one of the key Executives has disappeared for a Shopify from news reports, but as you can see here There's no no sign of this in the In the chart itself because we just completed a Gartley and you can see where we've you know We're heading up to a cell Gartley in this thing, too But there's no reason to think anything sinister has happened here, so I don't know what that is hold on one second here I'm trying to We've got Mike on the line right now Mike. How are you? Hey, hi there Larry happy Black Monday anniversary Yeah, Black Monday it was I can certainly remember that yep It sure was a lot of memories Conditions as it was in October 19th 1987 here in Toronto blue sky calm weather about 20 Celsius That's warm day calm wind, you know nice and sunny Unfortunately, I was expecting at least a 2000 point drop in the Dow Jones today. Oh, no no those anniversary dates don't come in very often my friend You you literally alerted us to this thing on Shopify, but the chart doesn't look like anything's wrong with the company I mean, I did they ever find the executive or not? No, he he's just disappeared. It's amazing. This guy went to U of T. He took an advanced risk management course He's got the CFA worked for a Canada Revenue Agency in Ottawa he stellar stellar LinkedIn profile and I was looking at the parallels in 2008 with Fannie Mae where they're top treasurer I mean same status is this guy here the director of finance the chief treasurer blew his brains out just before you know Fannie Mae crashed, you know And then just like in July 2008 when the chief financial officer of layman brothers. She abruptly quit Okay, and it's just like Enron back in and you know, 2000 2001 These sudden suicide, you know of all these top top executives, you know now I'm starting to think maybe just maybe Shopify it's a house of cards Well, it doesn't look like it from the chart my friend. So don't get too bearish on it Well, I'm always working hard as that TFNN cub reporter, you know, you got it Okay, well, you got your badge and you've got your baseball cap on the wrong way. I think you're right in the ballpark my friend Speaking of baseball, I think the Braves are gonna win. I Don't think so, but that's just my Yeah, okay, whatever you say I respect your opinion however wrong it may be Okay, so hey Mike, thanks for calling in pal. We appreciate it. Keep your reporting coming in Okay, folks, let's take a look here. We've got a new baby in the house I hope you all realize that we now have a Bitcoin futures up. I'm gonna bring it up here It's how they started trading the symbol is Bitto bi to now remember when we started trading futures back and the Bitcoin futures This is the ETF by the way, not the futures It's not the bit the Bitcoin futures that started trading in January of 2019 When Bitcoin was me remember the top of the bubble at 20,000 and we're from 20,000 we went down to 3,000 we dropped over 85% and now we've got this one coming out Are we gonna drop down 85% or not? I don't know but I wanted to point this out to you You'll see from the early morning high that we made up there at 42 20 we came down We rallied up to a 382 retracement at 41 40 then came down and it made the 1.618 expansion down there at 40 15 The reason why that's important those of you that follow the ABCD structure Which we do here at TFNN for trading trade what you see You'll notice here that we made the ABCD structure down here So that's only down, you know, roughly 5% from the high so the next rally I should be about the 80 cents taking you up to about 80 60 at 40 sit 40 86 now I'm just bringing these to your attention because we see them happen all the time now We're having this huge rally here going into the stock market I wanted to bring it to your attention because of the fact that we talked about this yesterday when we were on The air that if you wanted to pick something to sell pick the actual Russell now if you remember and I'm sure you all do You'll see here that we have this pattern Where we broke down hard and then you'll notice the B pattern right there in the middle of that ABCD The B pattern right there at 2270 that was right out of 382 from there We backed off and then between the last night and today we exploded up and made a 78% Retracement and then you can see what's happened to the Russell. It's dropped from 22 87 all the way down to 2260 now, that's the case where the mark, you know This is a weaker than market stock because the Nasdaq the Dow Jones and the S&P are all much stronger So you want to sell the weakest? That's the key to looking at what you're doing when you're doing some of these things So I hope that helps it's hard to remember But it's right out of Jesse Livermore's book and also W. D. Gann and probably a whole lot other people Bernard Baruch for one thing in his book The autobiography called my own story. So that's it now Let's go back and look at a market they were watching last week if you remember this was exactly it was when it was happening I don't know anything about Facebook other than what I hear in the news, which is nothing, but you'll notice at that point right there at 318 We were setting at the exact 78% retracement We were on the air when this was happening and we were showing you that the 1.618 expansion that all of it came in Right at that level and now you can see that we've had a rally. We've gone from we've rallied 5% We've gone from 318. Oh, I don't know where it is today, but as of yesterday It was 335 this is this is one of the stronger rallies that we've had and that's also in an ABCD structure To the upside so that's all I'm showing you folks that these things work. That's why I look at these things You know If you have you if you wonder why they work that floor trader's handbook will prove to you mathematically Without a shadow of a doubt why they work and why they repeat over and over do they repeat 100%? Absolutely not but they repeat enough to give you a better idea of what's really happening now Let's take a look at this same pattern that we've a trade that we've been involved in right here at that TFNN for our 24-7 folks. It's a trading at 33 33 39 40 bow tells me so it's up another four or five bucks for Facebook here is the The pattern in the euro you'll notice we backed off Just a few days ago making a nice little ABCD pattern there at 111 1575 we went up today. We made the target within two ticks that came in at the 116 97 level that was a perfect ABCD and We booked a nice profit on that because that's what we're trading. We're trading an ABCD We know what our risk is and we know what we're trying to accomplish when we're ready to do this So that's why we're watching it so very very closely the reason why I pointed the Bitcoin shot out The bit bit toe is because we need to follow that just to prove to the folks that are listening here how these patterns work I mean they go up and down with these numbers, you know, just like magic if you remember We were in the crude oil yesterday and we had the huge break in crude look at the rally back folks Just take a look at this exactly to the 78 percent level. We'll be right back eight seven seven nine two seven six six four eight 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? 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I posted the the AI along with the E-mini S&P overlay Showing you the ABCD patterns up there at 4509 That completes an ABCD if you like ABCD, you know where you stand if you're looking at that It gets above 4514, you know, you're certainly wrong. We're watch it really closely at that 4509 4510 That'll happen in the next 15 or 20 minutes actually while we're while we're on the air I'm hoping we have Stan Harley on today folks But he's traveling his son got married in Westlake Village over the weekend And he's going back and forth between Arizona, New Jersey and Westlake Village So we're hoping to get him if not, we'll have him It's very very soon. He loves coming on the show and we love having him So we'll have him taking a look now getting back To the ABCD and some of the patterns that we've been looking at and talking about and one of them, of course Has been the soybean market We had some beautiful patterns in the soybean market for a bottom coming in and as you can see here We did the same thing in the soybeans as we did in the euro We went up and we actually made our target today. That was over a thousand dollars In the s&p about 850 in the euro. We gave a tiny bit back In the stock index futures I mean really tiny but that was That was something we really we posted with a big caution Because we mentioned that if you're going to sell anything sell the weakest and the euros the the weakest of the four indices has been the Russell so that's the one you want to sell but there's your ABCD Now we'll wait for a nice pullback. We're going to buy the beans again When we get a nice pullback to the 382 is what we're looking at as we look at some of these things now Moving to a market that has made probably a major bottom here folks And if you like ABCD patterns and you like trading with the trend Here's one that we've been looking at for quite some time now. This is the natural gas Now realize we've come down from 64 66.4 Down to 4.8. That's a drop folks Of 18 thousand dollars In a matter of 10 trading days Now you notice that the ab leg Took five days to go down the cd leg has taken four days to go down We've already rallied 20 dollars off the bottom today down there at that 482 level folks So this is probably a major bottom here the natural gas So we're watching it very very closely. We put we posted the interday charges on that yesterday Giving you an indication They were probably going to get to this level and so we're here today And we've had a pretty good rally off of this telling us that yes, that's pretty good. Now if you miss that bottom Do what we did in the euro and do what we did in the soybeans find a place for retracement You know how to do that by now. Come on boys and girls. You can do this without any trouble at all There's nothing really mysterious about it now Those of you when we were talking about some of these foreign exchange things Yesterday we mentioned the canadian dollar. We certainly mentioned it In the newsletter and in the video that I sent out, but here is the pattern we were watching in the canadian dollar You can see it just spot on there's where it was now if you watched it really closely in that canadian dollar And we always do that here For our folks is to watch to see how the market reacts to it now here it is on a 15 minute chart As it was making a bottom now, there's nothing mysterious about this You can see a beautiful butterfly pattern You have the abcd pattern there now If the b leg would have been lower than the a leg that would have been a three drive to a bottom pattern because it's not It becomes a butterfly now the butterflies are important because you need to watch them at two levels One is the 1.27 like we had here or if it continues down You have to watch it again at the 1.618 now You either do two trades there or you wait for one of the two options Now I would assume because we were looking at this on a daily basis That you would go with the 1.27 because that's the one that lined up Perfectly with the daily and that's where the ratios come in and I I I tried to someone asked me that question That's why I'm trying to answer it for you. Which one do you pick? Well, you go to your daily and see you're sitting there right at that abcd there at the 123 50 level and when the when the The 15 minute goes to that level that ought to ring a that ought to ring a bell So that's uh, that's why we're paying close attention to these things It's no different than what we were doing when we looked at that facebook chart and I have I have never traded facebook I don't even they don't even belong to facebook But that's that's what you're looking at is you're just trying to get these Ratios to come to an area where you think you've got a pretty good chance Of doing something now. Let's take a look here at the german backs. We'll get this up here and you'll be able to see here You know where we are here. We've got this four-hour chart We've got lower highs going way back into early september Every major high has been lower. We've had this little bit of a bounce To the upside today didn't relate very much. It's a four-hour chart So it needs to get above a 15600 or remember art art market is so different than the other markets You have to take that into consideration Even though they tag along for a day or two they'll trade on their own merits That's I don't think there's any question about that So we need to pay very very close attention to that Now I want to get back to that footsie for just a minute because you know Boris Johnson has been on the tube here Bloomberg and CNBC talking about the climate change and remember the climate change meeting is going to be held in Glasgow Scotland here pretty soon And so the British Empire will have their best clothes on that day to see what's going to happen and change all the Rules of the world as far as green peace or whatever the cows are going to move to or whatever Anyway, let's uh there you can see here on the uh the footsie that it's had a pretty good rally and he affects it Much more than the german market and I guess the german market is affected by the elections And so those are a couple things that we're going to be Paying very very close attention to as we look at some of these things Now folks the treasury bond market is in big trouble It's down again today. We had that little four-day rally Uh, actually three-day rally up to that almost to the one it hit hit hit 160 6 And now we're back down into the 158 and soon as we get below 158 folks The next thing you'll be looking at in the treasury bonds will be 153 interest rates are going higher They're not going lower if you remember last year at this time They were certainly telling us we were going to have zero interest rates no problem at all All across the world that made a great deal of sense where you give somebody your money And they're not even going to give it all of you back and they're not even going to give you a guarantee You're going to get any of it back that goes back to bernard baruch's favorite saying is don't be concerned on the return on your money Be concerned on the return of your money capital preservation is first and foremost in all of these markets And that's why we use stops and that's why we use risk control And that's why the patterns work. It's because when they don't work It's screaming at you get out of the way and we saw that yesterday in the s&p once we went about 44 80 Which was the 78 percent retracement of that move There was nothing stopping it once it went above that level folks the next level to look at was new highs and that comes in at 45 I think 45 45 something like that and we could very easily do that you can see the strength that we're we're seeing today and Strength be gets strength folks once these things take off the shorts get scared Their algo traders are there. It's going to take something dramatic to make this move. We'll be right back folks 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 Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tiger's as they share trading ideas News analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30 day money back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead 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 educational 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 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 charts 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 charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleaf abc's butterflies and much more the art of timing the trade charts Is designed to help you when scouring the markets for stocks Just beginning to form the 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 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 Back folks, and I believe we have stan harley on the line today of the harley stock market letter stan. How are you doing today? Good morning larry doing just awesome That's good to hear stan. We are very strong these last couple of days are what are you looking at here? larry, I think we're powering higher here. I think you're going to see record highs. They're very very shortly Yeah, certainly looks like it doesn't it Yeah, that that 34 week cycle that you and I've talked about on the air here a number of times I thought would occur in october um, I was uh Kind of vacillating between the the first and the second week in october And uh, and we got it. We had kind of a divergent structure We had a low on september of the 20th, and then we had a second low on october the fourth Uh, but with the second low had just divergences all over the place In terms of the various benchmark indices as well as advanced decline data And the timing was right. So put it all together and I think we've seen our cycle bottom The path of least resistance is is northbound. I think you're going to see Down the s&p and record high ground here very very shortly Well, certainly that could be in the next 10 minutes my friend I have the new york star the new york stock exchange index made a new high yet. It looks like it's really close to Making an all-time high there at 16 968 yes, uh We uh, we have already seen as you see as you can see on the screen there the dow is almost at A record high ground. It's north of 35 000 and I think Larry I think 40 000 dow industrials is certainly in the cards Not sure we're going to go for this calendar year, but in the not too distant future. Yeah, absolutely Going to see 40 000. Oh Well, I can remember when uh, what was that guy's name? I can't remember He was calling for 40 000 dow when the dow was at 7 000. What was his name? Uh, he's always in the news somewhere. I I he's got a very And uh, that's uh, yeah, and so anyway, it looks like he's going to be uh, he's going to be right That's for sure Stan do you care to share a few memories from 1987 of what happened on this date in 87 what you were doing and And uh, you didn't have the Harley the marley the stock market letter yet. That was a few years later, wasn't it? All right, I didn't start the market report for another 10 years or eight years. I guess it was okay Wow in 87 Los angeles, uh watching channel 22 kwhi. That's all we had back sure sure did. Yeah, that's for sure I remember it very vividly The the uh, if we have time there were a couple other charts. I thought I would share with the audience as well Okay, I didn't You know the thing that I wanted to mention Here is uh, hold on one second They're they're they're they're asking a question. Hold on just one second a question you about in the dam Let me make sure I get this right Um, uh, someone's asking a question. Do you have an opinion on the direction of gold stand before we? Take a look at these other charts I think the metals are in a large basing structure Ultimately, I think we're going to see higher prices but for the intermediate term. I think uh, I think there's could be a little bit of softness ahead But ultimately if if you have a little patience here, I think you probably see the metals push higher But not not in the near term Okay, that looks pretty good. Stan. I have a question back in 87 You know, we had just been trading the stock index futures in april of 82 Were I say 19 excuse me 1982? And uh, the thing that I was going to ask you is were you actively trading the futures at that time during the 87 crash? I was not no. Yeah, I was well taken with equity and options. I was a big big offset trader Yeah I was trading. Uh, well, I was trading futures, but I was not trading the s&p at that time There was no e-mini the big contract started getting pretty expensive about that time Um, yeah, they were still trading the big ones I think the margin on the big contract back then was about 25 000 wasn't it? Uh, yeah, they'll and the towards towards the end of the time at that time in late october It was up until that time it was running around 6000 But then when the crash came, you know, it dropped, uh, You know 30 000 in one day and that was it they said no more of that And so they started raising it and then later on they came up with the e-mini Which was I think in about four or five years later around 91 or 92 I believe the e-mini came in to play and that's been Running I was trading the large uh, the large contracts. I didn't have well You didn't have to have many because for those we equivalent to 40 of them now So 40 s&p now your margin on that's going to be uh pretty close to a quarter of a million dollars You know so it was not for the even then it was not for the small players Stand I remember the options even if you were in stock options I mean the option premiums were just absolutely insane on that day I mean they were you couldn't even get filled. I mean even if you look like your option was zero Nobody would take the other side of it That's that's how I remember that I mean it was the craziest time ever So I was more concerned about getting my money out of my brokerage account than than I was closing in positions And I had a bond position on that I was really nervous about I was long to bonds And they were only down a half a point if I'd have been thinking clearly which I wasn't If how could this bonds only be down a half a point with the stocks down 16 percent boy If that wasn't screaming a real buy and they went up 11 straight days And I I always uh, I'm not well always complain a lot anyway But I remember that as one I wish I had gotten back But I never did back in a math that I never chased it after that and on the right side But no cigar Stan, I only got two charts from you today. Did you have a secondary chart? I'm not sure what happened. Well, it's a chart of the new york composite index something you and I talked about here Just a minute or two ago The uh, the new deposit is in record high ground as you and I speak Yeah, the Dow industrials the s and p 500 are not yet But the the index that is the broadest measure of the new york stock exchange is in record high ground right now So I'm confident that's going to pull the dow industrials and the s and p up along with it Yeah That the fact that it's leading is a big thing because it usually follows and it's leading this time So that's telling you that somebody wants to own this stuff and they happen to be right So you don't want to stand in front of it. That's the way I look at it. That's for sure Listen my friend. I want to thank you for being with us I know you had to really pull some strings because your son got married and you're you're traveling all over the country But uh, we'll have you again in a few weeks travel safe Keep in touch and uh, you know, we really appreciate you coming on. Okay Absolutely, larry. My pleasure. It's my pleasure folks That was stan harley the harley stock market letter if you'd like a copy Just go to the harley stock market letter request it put in the secret code tfnn and you'll be on your way Okay, folks, we're going to have uh go back and take a look at the gold market here A little bit and we're also going to keep an eye on this e mini s and p Just for kicks and giggles so we can see what the market's doing as we walk through these Next half hour of the trading day. I'm still looking at this A bcd pattern as you can see here We're looking for it to get to about that 4509 level so far. We've only been to 4507. We're trading at 4504 right now And we'll be watching this one very very closely Also boy, this natural gas is boy is it moving shut the front door and raise the rent I'll bring this up and show you when we come to the break folks. We've had a huge move here We're we're moving up 28 bucks here In the natural gas here As a matter of fact, we're almost we've already exceeded the 382 of the last move We'll be right back 8779276648 Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clear water 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 square 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 72732983222 Or email us at tiger at tfnn.com that's 72732983222 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 for each 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 in 50 cents 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 Are china a shares hot or not? 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Go to tfnn.com and hit watch tiger tv That's tfnn.com and hit watch tiger tv Hey folks, I posted the chart of silver. This is the daily chart of silver You see the high we made here a couple days ago up there at the 61 percent retracement 2380 all we could do over the next couple of days was dropped down about 60 cents to 23 uh 08 and then today when we took out that high earlier this morning The market just exploded to the upside. We went all the way up to the 78 percent level that came in at 24 20 We're trading at 23 92 now when that was happening gold was only making a 61 percent retracement there at uh 17 1786 exactly i mean hit to the exact x 1786 and from there we dropped about $17 well, I knew at 1786 that you know the risk there was not going to be Too much because we had hit been a high of 1785 90 and you go up and make a new high by By 10 cents and it doesn't go running away from there Gee that tells you what this risk control is all about And that's what these patterns are for because when they fail Then that's what you're looking at now if you were looking at a 61 retracement here in silver and you didn't pay attention to that one You know, you're going to get hammered pretty hard But it goes up to the 78 percent level and if you check it really closely And we're going to do that right now by golly because I think I this could be extremely important may or may not be But we're going to look at it anyway just for kicks and giggles here Let's just move on here. We're still waiting for uh 40 509 and the s and p here But let's get this silver up and just double check to see if that's a 382 On the long term because if that's if that's a 382 That is going to mean a great deal. So bear with me now. I'm doing the calculation now Oh, you can't make this stuff up folks. Give me a break Oh, man, I don't understand this business Yeah, look at this folks the exact 382 the whole move came in at 20 or 20 and I today was 20 or 20 So let's uh pay attention to that because once we get above that Then you want to then, you know, silver is getting ready to go to the take it off But there's where it is right there. That's the high Back in may to the low in october the 382 which was back on the 30th of september was exactly 382 this morning there folks at 24 20 I think that was the exact high. Let's double check it 24 18, let's be corrected 24 18 is the actual actual number and we're trading at 23 91 now That I should have been watching that one a little bit closer. I was watching global But I don't trade silver as much and so I don't didn't get involved with it too much So let's get back here and just talk to our friends here that are watching a bcd for format We'll take a look at this e-mini again for a second And you'll see here that we are still looking at this level here of a of a 4509 There's one other thing that when you're doing these things like this You really need to know what the expansion numbers are You know expand the numbers from the high we made at seven o'clock in the morning when we went from 4504 We dropped 18 handles all the way down to 44 87 And if you take that and this is a type of thing we do on the all-day trading session We'll notice that that 1.27 expansion comes in there also At 45 09 so at 45 09 You know, you have a really good spot to To get it get short you have an abcd there and your stop has got to be Above the 1.618 that would push in at 45 16 So that gives you seven handles or 350 risk and the profit on it would be well over 600 dollars If in fact it would if it does does that so we'll do One thing at a time as we go through Some of these things right now we need to pay. Let's just get back here I'm watching the the bit folks because of the fact that it's going to be one of the best things to trade I really believe that let's just get this up here so we can see it quickly here Yeah, we've already had a nice rally. We got right up where we thought we're going to be Let's get it back here and take a look at it And there you are. Where's the abcd to the downside? Let's get this it hold on just a second here And we're going to do this together so you all get to see it at the same time And there's the abcd Completing down there at 40 11. We've expected it to rally up now We wanted to see what the retracement was from the move back And that retracement came in exactly at 50% so far and that was at 4109 let's just draw this in so you'll be able to to see where we are at that and it was also The 78% retracement of the high that we made back at 41 37 I know this is micro trading folks, but frankly I am just trying to give you as much information as I can about how these markets work They work on the same thing on a four minute chart two minute chart 10 minute chart Dailies weeklies and monthlies. They do it all but the trouble is you know, people don't always see it But that's that's basically what we're what we're trying to do here They they have as much predictive value as they do Unpredictive value because when they don't work That's when they're the most valuable folks because it tells you you don't know what's happening. I remember Uh talking specifically about looking at the russell in the video that I did on sunday I said, you know, watch the russell. It's been the weaker of the market and it continues to be the weaker Let's just double check to see how if that's we if it maybe if it starts getting strong That's tells you that maybe some of the people that are doing the uh, the russell business are not uh Oh, it's actually well. Here's a perfect example. Look what's happened here to the russell here Just recently. Okay. Let's just get it up here After we made that big abcd. Look where we are. Look where the russell is coming to folks. We're getting ready To hit the 78 percent level very very shortly up here get this up here to see it So that's the first time we're starting to see some pretty good Buying coming into the russell where it's coming from doesn't make a whole lot of difference boys and girls What does make a difference is is if it goes beyond it Or stops right there. That's the whole key because at that particular point if it gets to the 78 percent level That's your stop sign And if if it doesn't stop there Hey You know, they're only right about two out of three times And boy, believe me two out of three is pretty good and these in these days and age So we'll uh, we'll keep a very very close eye on these as we as we go through And uh, look at some of these other charts. We're still watching this s&p here at the 4509 to see if it's going to Line up with what we're looking at. Let's take one other quick Gander on check to see where we oh boy. We're almost there. Let's take a look here Oh, this is a tough decision to make boy. This is it boys. This is where the this is where listen to that noise out there That's a fat lady singing shut the front door and raise her in here. She comes She's coming around the mountain when she comes. So this is it. This is what you love to see you got This is the whole ballgame right here. We should be topping right here for at least, uh The rest of the day here in the next few minutes. Let's see if it works this way or not. I don't know all I know is it It gets above 409 By much more than five points. I know that there's something wrong But we're still watching it there at that 409. I'm going to put the beeper on just in case it comes While we're wow the show is almost over Um Anyway, folks, let's uh, let's watch this today I I looks like we're going to take a break here and then we'll come back Well, we got a couple of minutes, but we're in an area where this should be I'd like to see a little a little pop up there to that four 45 Oh eight level. Uh, the high has been uh, 45, uh, oh seven in a quarter. 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You can call 877-518-9190 That's 877-518-9190 Okay, I posted the chart of the euro folks as you can see the apcd pattern there All I've done now is I've connected the old highs that we had by a dark line And you'll notice that that retracement that we're looking here would also line up perfectly with the last retracement that would come in Pretty right at the 382 of the hold down move And so those are a couple things that we're following here You know to get an idea of where to re-enter the long side of the euro because we believe this is beginning of a pretty Substantial move and we want to buy it back. We booked some nice profits today Same thing in the soybeans. They went right up to our level 20 cents higher than where we bought them and so we're watching for a retracement now of about 18 cents In the january being sometime over the next day or two Would allow us to get in at a very very low risk Now your risk sometime missing some of these moves But it's always going to be somebody out there standing on the corner folks with their quarters waiting to get on the bus That's where you want to be keep lots of quarters because uh, you can get on that bus and you'll be just fine Looks like we're lost internet connection here Uh, I don't think anybody can hear me now. So it looks like the store the uh Sort to dany boy broad sort to dany boy come in dany boy. I think the chicken is in the pot and has left the building Elvis has left the building boys and girls. I'm afraid that that is it and the game is not played The way we like to hear it. Does anybody hear me out there? Well, evidently, I thought I'd lost internet connection because I got beepers telling me that uh, I've lost data and everything else. So I guess we're still here Anyway, we'll see you folks on the flip side whenever i'm back. May god bless live every day In an attitude of gratitude and we'll see you soon and keep those cards and letters coming in folks