 The following is a presentation of TFNN Trade what you see With Larry Pezzavento All 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 I posted the chart of the footsie as you can see the very colorful chart comes from Alan Smith over in the UK one of my colleagues has done a great job and He sends me the Dax and the footsie Almost every day sometimes that don't get it all the time But today I did about 99% of the time I do get it now Let's take a look here at the next one, which is the German Dax and hold on I want to get this up here to Got a lot of a lot of things to cover today folks. Hold on your second This is the Dax you can see we're making an ABCD pattern up here rather the rather large one and within that you can see the The purple triangles, you know, that's nothing more than a butterfly pattern that is that is going on a double-check Broad sword to Danny boy to Al the chicken is landed the eagle is in the pot are the charts coming up, okay? Ten four. Yes, we are in good shape. All right. Have a question from Will and Will has a very very interesting question And his question was this He asked me to take a look to see if this was XLD, which is the I believe it's the energy ETF And I want to get up here to show you folks now these patterns that we're looking at here He's question was was this a head and shoulders pattern and the answer that I have to give to him is this Felt formula that was in the book by Andrew Lowe The non-random walk down Wall Street in order for the head and shoulder pattern They left shoulder and the right shoulder had to be equal with the right shoulder Preferably lower than the right shoulder, which is correct but the time sequence between the high and The two highs and the three highs should be equal so that that high should have come in right about here So that we did not fulfill the requirements of a head and shoulders pattern, but But and here's where the real fun comes in all we had to do was to go in and look at it Just a little bit closer and this is what we do for trading boys and girls Just we try to get down to the point where we can find the situation where we could find a buyer cell Here's the same chart and all I did was I took the high here There's your left shoulder. Remember, this is a monthly chart folks. There's a lot of money involved here Left shoulder right shoulder and there's where we went negative down here Do you remember well this monthly didn't because it was just that one option in April of a year and a half ago That caused that to do that So let's put it all together and we're going to look at it now from a pattern recognition Standpoint of this and we'll get it up here right now There we go. I have three questions and everybody's asking me the same thing And now you can see we had the beautiful head and shoulders pattern the ABCD pattern. Look at the low folks Come on. Give me a break G whiz, you know Okay All right, let's move on here To the next one here hold on to want to get Get here moving up a little bit here just one second here and I will talk to you about a couple of things that Let me show you something here folks. We were talking about this yesterday I want to bring it to your attention because it's very important From a standpoint of you know getting your trade set up and everything but this is the NAS This is the natural gas well, they both start with and for heaven's sakes you can see we had this beautiful head and shoulders pattern here Now boy now that that's a bad sign This means it's a three drive to a top pattern folks not hidden shoulders. There's drive one There's drive two. There's drive three. I put them the cycle finder in from high to high to high comes in You got it folks on Tuesday Just spot on well, let's follow up on this today because This is one that I missed and boy. I'll tell you I've been kicking myself All night long all day long all day yesterday and most of the day the day before because I missed it And as you look up here, you'll be able to see here so far today folks This was done about an hour and a half ago. We were already down $10,000 from the high three days ago and there's another 2000 you can add on to that already today So that's a $12,000 move in two days with the margin requirement of about four grand Those are the kind that you really like to get and I missed it and I Have to blame it on the allergy. I don't have to blame it on anything because I missed it That's basically the bottom line. I miss a lot of them that one. I'm very Unfortunate that I am sorry that I missed that one now. I've had a question about the gold market and If you remember folks, we were watching gold and this is another example I'm but this one we didn't miss so this was one that we've been the hold on a second here get this up here There's that you can see there's the ABCD up there at the yet We're switching over to August gold now folks are June's going to be history now So we're gonna switch to August. This is June still you'll see that We made the ABCD pattern to the upside well just just for kicks and giggles yesterday I was searching through and guess what I found when I was looking at the gold chart Here's another one that I missed But a bing-ba-da boom look at this to the exact tick three eight two of the low we made on the 16th to the exact tick folks I Mean to the exact 1837. I mean you can't make that stuff up. Oh, you can make it up I can tell you why I can make it up. I'll prove to you just one second I'm gonna show you why you can make it up and you know what you can use it over and over again And that's the really beauty of it. So let's go not talk about gold anymore. But what we're going to talk about is black gold Texas tee Hold on. Here you go. There it is You'll be able to see that right there. There was exact to the tick three eight two on the crude oil You can see it right there twelve and change the reason why I talk about Texas tee and Jed Clampett folks When that was on the Beverly Hills Beverly Hills Beverly Hill billies I was hanging around with Vince Edwards and Vince Edwards was married to Kathy curse she was a girl that ran Beverly caterers that catered all the parties there for the Clampets and Boy, you talk about a beautiful girl. She was a former Miss something or other Alabama Tennessee something but boy, she was gorgeous. They they were married about five years And I'd see her to track every once in a while. She'd come up and say hello to Vince. They were still friends and She actually came to Vince's Vince's funeral when he passed away of cancer Back in I think was 95. Anyway, the the main thing is is she works as a real estate agent out in the San Fernando Valley that she has several offices. She's done incredibly well And it's been very happily married since that time that boy. What a knockout. Oh my gosh. Anyway, gee, how did I get off that? Anyway, we'll move on to the next one here We got a chart here from the zack arena. We got to talk about zack's chart here He's been sending us jack a zack more out of I think he's a Cajun out of uh, Tupelo, Mississippi or someplace down in the south somewhere I don't maybe it's bat bat and rouge. Anyway, let's take a look at this chart. We get back. We're going to talk about it it's about the Federal Reserve and The games that they play that mr. Shane's millions alerts us to all the time But we'll talk about this when we get back from the break 8 7 7 9 2 7 6 6 4 8 A time of booming inflation. We are purchasing powers eroded. There's no better place to protect your harder and money than ain't gold This the gold's flagship asset is the mount tod gold project in the northern territory of australia This is australia's largest undeveloped gold project We're talking a world-class gold project in a tier one mining district This is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction This the gold just completed the mount tod feasibility study Which resulted in a 7 million ounce gold reserve in a 16-year mine life All of this combined with the approvals of all major operational as well as environmental permits This distinguishes mount tod as an attractive dearest partner ready development stage gold project This the gold trades on the new york stock exchange under the symbol v gz 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 for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman Creator of the trading methodology known as the chapman wave The chapman wave up-down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices Get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30 day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Steve rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors All now toll-free at 1-877-927-6648 internationally at 727-873-7618 Okay, folks. Zach was kind enough to send us this chart here and he circled these uh He got it from somebody else But you'll notice that each time that the fed talks as a rally It's almost just that they came out saying things that are positive And you can see what happens after each time they talk. I've been watching this going on for forever. I mean just uh Just absolutely amazes me how the the news follows the trend Actually is what we're looking at when we're watching this. Okay. Now. Let's move on to a couple others that I want to talk about Here is one that just missed last night Those of you that trade the euro and belong to the 24 7 you'll know that we had an order setting up there About five pips away from where we supposedly got filled it immediately broke 700 dollars But uh, no cigar on that one folks. We missed it, but that is folks a one three Five pattern as you can see you can see number three has a beautiful guardly in between it right here And then we come down that's one three and five and if this is correct We could have an abcd, you know, they'll take us now to par in the Euro if in fact we get there but the dollar has held up Relatively well under some you can see here this last eight eight or nine days here We had a pretty good rally here In the euro which means the dollar index backed off But it still held up really good and gold held up incredibly well Considering that it's done everything that it's uh supposed to do and you know, it's been bearish. We've been watching it now I want to uh cover A couple of things here in the stock market because we're we've been up. Uh, let's get this up here Uh, oh something's happening. So let's see what's going on. Oh, that's a soybean meal I told you. Oh, that's let's just time out folks. I got to turn this limit binder off Otherwise this thing will be going on for oh look where it is. Are you kidding me? You can't make this up Let's just do this right now since we're talking talking on the air here Let's just get this ready and send it right out to you folks So you can take a look at it yourself and you'll see What I do here all day long every day not knowing what I'm doing And here is the soybean meal that just rang the bell All it was doing was hitting the number here folks. I'm thinking, um, I have a uh Oh, okay, you can see here's the s&p. Oh dear larry boy Okay, here's the high in the soybean meal We come down. We make a higher high than last week Exactly at the 3a2 here folks. That's important at that point. I know I do not have to risk very much Now I wouldn't necessarily want you to do that trade But that's a type of trade that I look at See whether I'm going to do that The other thing that I do here when I'm doing these charts Let's see. I've covered all that xle. Let me do the bitcoin and I've got a wow I've got a lot of time left so I can get all this Let me do bitcoin first and then I want to do Ethereum and then we'll cover a couple other things here because I think this is the one that it's going to be Be very very important here eventually. This is a chart of bitcoin. It's a weekly chart And as you can see here We are if you'll look at this a bitcoin started basically in 2003 folks 2012 10 or 12 is when it really started moving But do you realize that where we are right now at setting here? Right now that we're we're still 90 percent above all the value of bitcoin since it started 90 percent So people that bought it, you know really early. They're still huge huge ahead people that bought it up at the top there at $67,000 They're not doing so well. So my question is We believe in abcd patterns quite a bit and this is pointing down to 12,500 in bitcoin I have to assume just by looking at this that that's what it's going to do I I don't know any other way because I don't understand. I understand the charts But by golly, I don't understand some of them. So let's I don't understand the what do you call it the Tokens and coins and Blockchains and all that now here is ethereum Now you're seeing ethereum here the same thing you're seeing it's making another big abcd down here right about there Now, I don't know if it's going to get there or not But if it gets there that would be the place you'd want to maybe being try to get it, you know So we'll see okay now Let's talk just a tiny bit about the market the stock market because uh, I I must have really messed up folks because I did everything But jump up and down last week when we were making those abcds everywhere in the stock market, especially In the dow Jones and the I'll put the dow Jonesy many up here We were we made the same ones in the s&p as you've already seen before When I just posted it just a minute ago But there's the the big abcd And I said if you can't buy that one you can't buy anything I had people say to me. Well, you didn't tell us what to buy Well, I posted the nasdaq. I posted the all of them. I posted every single one of them I I like I can't give you the orders to put in I mean you you have to decide whether you're going to buy it and where you're going to sell it But that's what I'm going to do. I'm thinking of changing a strategy here at tf&n And because I get tired and I know you guys get tired to looking at all these charts Sometimes you don't mean anything. So what I think I might be doing is I Because when I'm doing this I can't be trading folks in an hour away from trading in the way the markets are acting Can be really really very very What he calls expensive So what I'm thinking of doing I have to check this with tommy senior and tommy jr But I might just trade live every hour hour day For a while just to see what it's at. It's a Pretty good size account, but anyway, I might do that because I got to do it anyway And you might learn something more or less I don't know but I got to do something different Because this is not being much fun for me just doing these same patterns everything and I I appreciate all the calls coming in I mean, it's every day, you know al complains. He says larry, please Please tell him to stop calling in but you know, it doesn't work. They just keep calling in. What are you going to do? Okay, now let's take a look at another one here. There's three or four others that you have to pay close attention to I'll do them one at a time because we're all All in this mess together here But we're in a friday and an up week after six days up for the market to close lower today be nearly impossible You can see here the abcd here in the russell There's your d-point right there There's where you want to always buy it d risk 3 below d. You're usually going to be okay Look at the abcd. We're almost there right now folks. I about half hour ago. I checked it was almost there Making a 382 retracement, you know So that's going to be what's really interesting is if this is going to be the case or not So I don't know if it's going to stop nobody else does either But all I'm doing is I'm just basically looking at the patterns. Okay All right. Okay. Somebody said a police trade live more more. I think about that Probably not a good idea billy. All right. Let's move on over here to uh Did I get this I didn't do the stop and pee and hold on. Here's the s and p folks Here's here's what we were watching for today We've been expecting this rally for quite some time and here's where we are. We've been up six days I showed you the russell showed you the dow Jones. Um, I don't think I did anyway. Here's the s and p All right. Now we've made the 382 off of the high of march 28th that came in at 41 24 Okay, and the high has been 41 26 or maybe higher than that now Yeah, 41 26 is still the high Anyway, that's what we're watching here. I don't know what needs anything or not. We'll keep an eye on eight seven seven nine two seven six six four eight If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metals sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30 day money back guarantee So you have nothing to lose every monday morning I published a gold report with coverage of gold silver bonds the xa u h ui gdx as well as more than 30 different mining equities To seep yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com Don't miss out on the next great gold trade. Sign up today tfnn has just launched their new trading room the tiger zen hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the tiger stand available to all tigers and tigers for just one dollar for the year There's no catch or added costs when you join our community of traders in the tiger zen You can look over the shoulders of tom o brian and the other tfnn hosts while they analyze charts during their live tiger tv programs and join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tigers den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o brian 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 gonna 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 Okay, we're back folks. If you have any questions eight seven seven nine two seven six six four eight I'm not going to post the chart of tesla Any longer because I brought that up too many times this week monday Tuesday wednesday thursday Showing you the fact that it was perfectly symmetrical Time and price lined up, but I said not only was it with tesla It was with amazon google apple microsoft not so in netflix and metaverse or Facebook because they were Decimated stocks these stocks are in big trouble But they were still bouncing the the others were just absolute perfect apcd's We saw it in jp morgan. We saw it in goldman sacks Just one after another. I mean there's a few that didn't make it But the bulk of them the ones that you know the the bulk of the s&p All of them are making these patterns and we've been up strongly for six days Coming into a friday and a holiday weekend the day before a holiday Odds of the market closing higher is 75 percent Hello operator hard for the market to turn down today But who knows all I know is these holidays. I remember back like I mentioned before 1983 I was in beans and I missed a monster bean I had to pay up for a dollar a bushel folks In 83 to to get into that market finally and it went another couple dollars above that, but That's how I missed the market by Had my order in went a penny and a half below it And I still didn't get filled because we didn't have electronic trading then it was all by the brokers And as the broker didn't have his order sitting in there was the girls weren't fast enough passing over the tickets Uh, you know, you're in big trouble didn't work now. It's everything's electronic That's why we have volume the way it is. I mean it's thousands and thousands of people here Now let's take a look here. This was one early this morning now This has been exceeded because I just did that I just wanted to show you the symmetry that was going on here This is the nasdaq and you can see here. We had this rally here that was equal to that rally so far today I can't close it now. There should be the nasdaq chart should be up. Is that correct? 10 4 Huh? Hello operator Chicken is in the pot. All right. I'll post it again. I guess I did something wrong I tell you shouldn't give you shouldn't give a mouse to a an italian folks. That's just uh, It should be uh illegal Okay, there we go. There it is. Okay. Now. We've actually gone up here to this 1.618 expansion here But seven days up a six days up into a holiday weekend That was to be expected The market and tommy jr. Was on and he said apple has gone from 132 Which was the abcd? Measure to 133 and a quarter the low was 132 and a half Missed it by three quarters of a point. So I guess that one didn't work and it's rally 10 percent It's up to I think 147 or something today so When these markets turn on these abcds when they all happen together Remember folks. Those are very very important numbers and you have to pay What I think a close attention to them Um Without any doubt at all by the way if you did the soybean meal trade you have $100 profit in it So don't let it go to a loss at least put a stop above the high of the day that way you'll get out With a $10 loss or maybe even break even if you happen to be lucky Someone has asked me how far do I think these markets will go? I have no clue at all All I know is that if you remember I always say that just a second here because I know no one remembers but This was the number we were looking at last week and the week before This is what happened in 2008 at the bottom of the market. Here's where we were last thursday Okay, we were halfway down to that and believe me folks What was going on between 2008 and what we have going on now? I mean, they're not even comparable. I mean, we lost the Lehman Brothers Bear Stearns and a whole bunch other great companies During plus and not so great companies with the dot-com stuff But those are the main ones that we're we're working on Someone asked a question about my allergies that much better. I did Stay out of the Outside yesterday and so it was much better as far as getting better and better Okay, now I wanted to go through this chart That I talked about a little bit earlier in the crude oil because this is this is how I look for trades folks. I mean, I I try to post them best I can sometimes I can't because they happen so quickly this happens to be a 15 minute chart here in the Crude oil now look at the look at the perfect a B cd right down here We buy it it immediately It immediately goes up and makes it takes out all of these highs It rallies $2,000 folks and then after that after it makes that high Up here $2,000 I I'm going to show you what it did because I happened to be in that when I I didn't I didn't get the short off But I made a nice piece on the long side and then when I saw this I I realized that I had missed this Also the reason why is I'm doing too many things folks Too many hats are in the old Station wagon, so I don't know why use that word station wagon Okay, anyway, there's the exact 382. Here's there's the a bcd. I bought it there I got out right here at the 786 I tried selling it a little higher than this above like a 115 20 we got to 1499 and we broke all the way down $2,500 all the way down here to this level right here and then right back to the 61 percent retracement So you can see these numbers work very nicely on a 15 minute chart That's one of the things I look at each day is to try to find some of these on a 15 minute chart That give you a really good opportunity Of where you want to be as far as a as a buyer or seller So I hope that gives you some information Let's get back up here and just get back to the apple because since we were talking about the Hold on a second. We talked about the crude oil. We talked about gold. We might as well talk about apple here This is the one we posted last week You'll see the 382 came in here at 133 I closed at 137 on that friday Now we're at 147 we're way up here But that was a perfect abcd and we're exactly at the 382 retracement You see 382 retracements in strong trending markets folks there You got to look for them. But guys they're there that makes it really Really a lot of fun. Oh by the way today is the top gun Opening I didn't see the original top gun. So I doubt if I'll see this one So we'll move on to the next one We have a air force base here very large with davis montan air force base And we have the astronauts that go through there. You have all kinds of stuff We have an astronaut program here at the university of arizona aerospace and I've told this story before my good friend jimmy elder came out and they had a simulator there and they The guy the director the general of the base The general of the air force there I played poker with him And he said hey if you ever want to come out and take a look at that. So we went and they gave jimmy a trial in the ice in the Simulator he had to prepare one day before he went in it and he was in it about 30 minutes And he came out. He was oh, he was green. He was so sick And he just couldn't he's a doctor a double doctor He's got two md degrees and a dental degree And he said he's never seen his his body exposed to that much Turmoil in that 30 minute period because uh the stuff that they go through these astronauts have to be incredible athletes folks for what they have to endure It's uh, it's really uh, it's really amazing So all right now we have another one that I wanted to share with you I will be right back folks. We're not it's not going to be tesla. I promise Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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That's 727 329 83 22 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? If you trade china a shares now may be time to take a closer look trade chau or chad Directions daily csi 300 china a share bull and bear ETFs china a shares in either direction Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully Before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 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 principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Okay, we're back folks and what i'm going to tell you next you're not going to believe we have a caller Lee from riverview florida. Lee. How are you doing? Hey, larry good about yourself Just living the dream baby on the green side of the grass. What can I do for you pal sweet? Hey, um a week or two I believe you were talking about the potential for a major drop and I wondered You know in the near future here and I wonder if that's been negated I thought one of the key levels on the spy was 410 Can you speak to that or do you does that make sense? Yes, it does But you know we we have completed all of the patterns that we've been watching let me I'll do the uh I'll bring the spy up for you because uh that was one of the things that we were watching very closely So it's uh, we completed that pattern Uh, and I focused on in the newsletter last sunday because we had so many abcd patterns There it is right now here again just like the all the other 3a twos You can see there it is right there at exact 3a 2. We're expecting a rally And so far what we've done is we've made a 3a 2 rally off of that high Back in march, but that's still early and remember this is a holiday Weekend and your day before holiday the odds of the market flowing higher Closing higher on that day are better than 75 percent. So You know over the holiday things might change between sunday and monday, but they'll be trading sunday night, of course And then monday night they'll be trading too So there's going to be two days of trading that people won't see until they come in on tuesday And that could be very exciting, but uh, all I know is that we made the 3a 2 in the s and p at 41 24 today that was off the march 28th high and then also off the may 4th high that was a 61 percent retracement They both came in exactly at the same time Okay, so for the next couple of days. Does that mean you're bullish I was bullish up to today's the last day for the bullishness because I expected a five to six a five day rally This is the sixth day So if you were at apple or any of those things that we were looking at that we talked about google facebook You know not facebook, but google and google and amazon and uh, what was the other one? Microsoft and apple and tesla all of them have had really strong rallies 10 percent You know in 10 percent in a week, you know, that's more than you get in the bank. I don't think isn't it 10 percent a week Yeah, for sure Okay, so, um, I guess bottom line. What would your thoughts be on? Going short at the end of the day Ah, you're putting me putting the old cowboy in a little tizzy here. Here's your here's the answer to your question We've got four hours to go as long as we're below 41 26 in the s and p I think it's safe to go short if we're above 41 26 I don't want to I would say no You're above the 382 you can have another few more days of rally and with the weekend There's no reason to uh You know take the risk but below 41 26 Yes, I'd say, you know that that's I would be willing to go short Excellent. Thanks very much. Hey, listen to you every day never call But did you know make no mistake we listen to you every day and write stuff down and all that Thank you. Leave it. We're above 41 26 right now. So chances are this thing's going to be up for the rest of the day Uh, so, you know, but it's got to be below 41 below 41 26 Then I would say yeah, that'd be a pretty good chance that you could have that, uh, you know working in your favor Excellent Okay, thanks a lot bud. Okay. Thank you for calling in Lee. I really appreciate it There's another example folks of that 382 working, uh, just absolutely perfectly in the uh weekly of the new york's of the s and at the of the s and of the s and p cash And also I wanted to also bring this up to you one more time since we're talking about 382s today We'll do the same thing that we did last Friday when we were on the show And that was we would talk to you about this 382 that we had there last friday actually happened on thursday We had a little bit of a rally And so you can see we went right to the 382 folks There's a possibility we could make new highs on this puppy Because I mean the whole world is bearish. I mean they were bearish as heck down here If you all remember and by golly There ain't no reason to be bearish now. That's for sure. You know what I mean These puppies are running, you know, 72 higher in the s and p. I heard just a second ago over on bloom bird We're 350 up in the s and p 309 320 points or so in a nasdaq and the russell is only about Five points away from making the abcd at the 382 and lee if you're on the line The one to sell would be the russell not the s and p sell the russell. It's weaker So I hope you're still there lee because that's the one that you want to do always sell the weakest And buy the strongest. That's what you want to do. You don't want to do anything Anything more than that. So let's remind ourselves. It's not about how much money you make It's about how much money you don't lose. That's a key to doing everything that we're seeing here In all these things I wanted to do one other one here Because we were talking about this Earlier and that was about the nasdaq And we've had this tremendous move here in the nasdaq with the apple Up 10% you know a couple others which you can see the perfect abcd down here folks Just absolutely perfect and now you know the big rally to the upside So we probably you're probably going to get some more busting through those numbers So I would just be patient and see what's going to happen because You're going to get lots of really good chances in here folks because These markets are volatile folks and volatility is what we really like And pattern recognition is built for volatility. It always has and it always will be So we'll keep a close eye on some of these things Of what's going on. I mentioned the fact that there was a possibility we could make new highs In some of these things and and frankly folks, there is that possibility the reason why is The last time we had a 382 like this was at the coven You know and the coven went nuts to the upside, you know, you don't know what's going to happen So We've been in a monster bull market for a long time. I know the prector folks thinks that the top is in I actually think the top is in but you know, this is either a great short cover And by the way the open increase in the s&p yesterday was minus So that was short covering. So if you have short covering today You won't know that until at the end of the day, but if you have short covering today, you can You're going to come in here tuesday or monday sunday monday tuesday, and you're not going to see a higher market So you got to like david white says sell when you want to not when you have to So let's keep that in mind as we look at some of these other things that we're paying attention to Okay, now I wanted to cover one other thing and that is about the gold Because hold on just a second here There's one. I want just a second here get the gold up. We've been short the gold since 1865 here Let's get this up here. This is the buy that we had down here We went up to the 382 at 1865 actually went to the 618 not 382 And we're still in that that's in the june gold It's trading around 1849 now. We're thinking there's possibility. We could get it down to 1825 But we'll have to wait and see, you know, how the things Come undone as we look at some of these things. I I hear the beepers going off So I know that the thing is going higher. 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Hello operator as of last sunday In the russell now we've completed the abcd That the 382 retracement up here in the russell. I think we're just still two points away But if you're going to sell one, that's the one to sell remember for the market the reverse today On a day before the holiday is very very difficult So we'll see whether that is going to mean anything or not on a long-term Chart, but as you'll look at this here, look at these 382 we had on the way down folks I mean it was really quite amazing, but now we've come up to this level right here making that ABCd that I posted just a little bit earlier telling you that you're pretty much You know spot-on as you're looking at some of these things So I think it's important to pay attention to so we'll see What I couldn't understand is what people Said to me or a couple people emailed me and said, uh, why are we having this rally? Folks, I don't think I was ever more adamant about the abcd patterns that I saw everywhere. I mean I saw them in my sleep I mean there were a few that didn't work, but I mean 80 80 90 of them worked the big ones worked For sure. I mean they were all making abcds and they had huge moves You know 10 off the bottom that that's important and it should be because it's that big of an abcd Off of a 382, but here's the here's the rub folks If we go below that 382 now And if we go below that 382 now And if we go below that 382 now This market's in big trouble I mean big trouble That that'll be your crash if it goes below that 382 now That'll be your crash If there is a crash, I don't even know if there was been 70 what 50 years since we had once he know not that much 87 37 years since we had the last one. So I don't know that's half of a big cycle So who knows whether that means anything or not But we do have a bunch of astrological stuff coming up. Of course a holiday Everybody's off on monday. We'll be back on tuesday And uh seeing everybody and hopefully everybody has a wonderful holiday drive safe Say prayers for the folks in texas folks Say say prayers for everybody in the united states and the whole world Have every day in an attitude of gratitude and may god bless