 Okay folks, Larry Pesavino for TFNN checking in to see what the markets are doing and folks we are rocking and rolling today. We had a beautiful three drive to a bottom pattern I posted it here in the Dow Jones Industrial Average exactly at the 78% level of the October 2nd low when we were making new lows in the NASDAQ and we were making new lows in the S&P 500 so it was a big divergence there and as you can see the leader of the pack so far has been the Dow Jones Industrial Average. Gold has come back we'll talk about gold when we get back to the beginning of the show but we should mention the currencies have all turned rally we've had about 150 point pip rally in the British pound and just about the same thing about a hundred pips in the Euro these are these are what we call dead cat bounces folks that's what we're looking at here in the currency so that's really what we're looking at same thing in the Treasury bonds I'll cover that during the regular show we're having a nice two point rally in Treasury bonds from a handle of 123 up to 125. But I can't understand his why on Bloomberg today everybody is rejoicing in saying the bear market is over the bear market is over yes it could be and also Santa Claus might come tomorrow I don't know which one will be true but this is to me looking at this this is nothing more than a bear market rally we do have these reports coming out and also by the way we have Rich Anderson is our guest here today we're going to be talking about the grains and also about the bond market and some of the things that are going on in in the world of geopolitics and stuff not politics but geopolitics big difference of course and then tomorrow of course we're going to have Bill Meridian of cycles research is going to be my guest so I think we've got a really nice group this week and we have lots of volatility we had a new low in the S&P today folks we got down to 36 excuse me 3580 the low previous low was 3585 and those of you that like ABCD type patterns you'll be able to see one when we post this next chart because it just pops up just as clear as a bell so hold on one second and we will get this chart up God willing and she usually is so let's see if we can get it up here it will be right back folks 877-927-6648