 Traders, sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com 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. Well, today's gonna be a fun day, and I'll tell you why I get that put my good friend Shane Smollion in the hotbox He's in the witness box folks And he's got none other than Melvin Bell I as the Prosecuting attorney and he's going to be interviewing Mr. Shane Smollion because Mr. Shane Smollion has told me that the Chart for the Miami Hurricanes in the first the final four is just as positive as can be I'm gonna post it up here so you guys can see it. Oh, you know what? I think I can do it this way Let's just I don't it's just it's a lot of planets and stuff, but he knows his stuff So I'm doing this a sort of little tongue-in-cheek, but I want you to take a look at it because it's it's really an interesting Chart and we'll get it up here so you can see it and There it is right up here. You'll be able to see what it looks like and he says that they are really destined to win I don't know whether they're gonna be the favorites or not But you know we heard Norm Winsky several times in the past 13 years And I think he's been right 11 out of 13 times on some of these so let's see how the Miami Hurricanes will do I'm not doing anything, but by golly. I'll be watching it with Just to see how things are going I'm gonna walk through some ideas of what we do here at TF and then I want to get a couple trades up The first one we're going to look at is the one that we looked at last Thursday, which was soybeans and You know we said that it had a really nice 61% retracement here. We bought them at 1392 that was a you know perfect 61% retracement It didn't stop at the 50% but it did stop right there and that's what we were looking for Them to do we were risking 10 cents on that trade came within 2 cents of stopping us out But it has a possibility of working and let me show you the first thing you want to do if you're trying to find a bottom like That to prove whether it's a bottom first thing you want to do is to see the bottom formed I'm going to get this up here and Let you folks look and see how we do this because this is what we do in our little Daily videos that we send out when we put a trade on and as you can see here on the 15 minute chart here on soybeans There was our buy was right here We went a little bit below it and then it started to go up and here was the first sign that there was got a positive Retain placement going at a 61% retracement and today what we did we rallied up to here sold off 10 cents to the Exact 382 of them must have double 382 moves folks and now prices have gone off the top of this chart And we're up about 40 cents in just two days now I don't you know sometimes these things turn around and fail But what we're looking at is a possibility of something really big you didn't have to risk very much And you know exactly where you stand right now if you go black before you go back below this You're gonna you're gonna making it about $900 and if it keeps going up You're gonna make a lot more than that so as Tom who guard says you know go for the big wins And that's what it possibly could be whether it's going to be or not I don't know but you know what nobody else does either and that's what technical analysis all about now What we're also going to do is show you another one that we were watching this was these we I talked about these on the show Here last week that we're probably far forming a very very nice bottom here in the April hogs They're coming into April 1st this week, so you want to be looking at the gym, but look at that look at this perfect a Bcd this can't I mean this to the this is within 20 cents of the exact bottom Hello operator. I mean that's yeah, that's not a bad one. I mean my goodness That's a beautiful trait if you're going to be a little more creative You could look at the days down between the a b leg and the cd leg which we always do but that's what led us to the Believe yes, there was probably getting something getting ready to happen in the hog So because we have April coming in we went into the June contract, which is a little different But let's get it up here so you folks can see what we're watching here as we're looking at these I think after you see three or four or five of these things in different markets You're going to say duh, you know, maybe there's something to this little a bc Ben wall Mandelbrot sure did you can see here there was your first 3a to retracement here after the bottom There's your second one today, and we went off the top of this chart today folks We're up a nickel we're up five five cents a per pound in hogs here in just two days And that tells you that there's a major bottom in here right now And what happened at this major bottom the crop report for pigs came out a few weeks ago It said there is no chance that pigs are ever going to rally Mm-hmm, uh-huh heard that game before and I don't want to play it. That's for sure now Getting back to markets that are working right now if we take a look And what we were watching here in the E mini s&p. Let's get this up here as you can see it I wanted you to know this is where we were last week and we were talking about this the fact if it closed Really good on Friday. We were going to take off and run up quite a bit I want you to notice here the red box. That was the first 61% retracement Look at the 78% retracement right here folks. Do you see that number at 40? 30 Now that would be a pretty good number one would think but if you take a look at 40 30 You'll be able to see here the expansion that it had last night and early this morning It actually got up there twice you'll see that we went right up to that level and We are a tad lower than that right now whether it's going to continue down or not I don't know but you don't have to to wait and see it. We'll see where it's trading. Yeah, it's at 409 right now So it's not really not really doing too much. So has it gone down, but it hasn't gone up The Nasdaq is the only one that's down the others are you know holding up Relatively well, let's move on here to one other one that I want to talk to you about We've got a break coming up here pretty soon But we've come down from 430 430 all the way down to 402 and we rallied up to 407 We're trading at 409 right now So it's going to be interesting how to see how this one unfolds, you know for the rest of the day but if you remember This thing had such a bullish connotation to it because of the fact that we had all that negative news coming out and Then the market wouldn't break and one of the greatest things in the book reminiscences of a stock operator by Edwin LeFever He says if you have bad news and strong prices, do not be afraid to buy and W.D. Gann said, you know, don't be afraid of hot low prices. They're there for a reason And he said don't be afraid of high prices They're there for a reason and that's what we're trying to do here at TFNN is to get you on the right side You know of some of these markets because it's really interesting to see how they work I've posted now the live hogs, and I posted the soybean chart and I think I did the Post in the S&P chart. I've already I think I've got one more to talk to you about We've got a break coming up here shortly and we get back from this break. I'll certainly talk about it I want to find it first and I know I put it in here somewhere and and I know what it is boys It's the Lone Ranger Clayton Morphe you remember him and Jay Silverheels is trusted Comrade Tonto Kimo Savi 877-927-6648 Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out Teddy Keg stats Tiger 4x report Teddy Keg stat breaks down the 4x markets every Monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly Tiger 4x report every Monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30-year t-bonds as they both influence 4x markets tremendously When you sign up for the Tiger 4x report you also gain instant access to Teddy's 60 minute webinar archive He just hosted 4x strategies and fundamentals What is behind the Tiger 4x report for all the details and to start your 30 day Tiger 4x report subscription today visit the front page of TFNN comm TFNN 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 it 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 Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a Frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free With our money-back guarantee at TFNN.com TFNN educating investors Okay folks, you know we talk about patterns and Fibonacci numbers here all the time And silver is one of the better markets I've been you know very very fortunate in my life to be involved with silver and gold During my time when I was a Drexel I started there in August of 1976 and gold had been trading Live since about 1972 and when I got there I didn't have any customers or anything They just knew that I had made some money trading at Conti commodities and basically, you know put the hurt on Willard sparks is I Can't remember cook grain because I was on the opposite side of that soybean move because I Had some the technical stuff that said it was going to go higher and it did and he was very very bearish all the way And he wouldn't change his mind Go a dollar higher dollar higher dollar higher He wouldn't change his mind and then when he finally got it out then you know the market collapsed But his timing was off by eight months I've been there before so that's not a lot of fun But all this stuff is based on the technical analysis, but when I started at Drexel You know I didn't have any accounts at all other than my personal account and when I walked in the door They said well here's 30 accounts that you're going to be trading in me I had you know all signed and everything for and they said look as long as you don't lose 20% You know keep trading. He said you lose 20% and that's it So I bought some silver and I bought some gold and you know did pretty good and did other things too But there was a really good run, but the type of things that you're looking at here at this silver market stop and think folks This is a metal that's been around since this planet's been here But look at the look at the technical picture of this your first retracement here is is it exactly 50% Your second retracement is exactly 61% and your third retracement expansion. I'm very sorry expansion Comes in exactly to the within two pennies went two pennies above the seven eight six Okay, and that's where it stopped. Okay now we're saying that you know, we didn't have much of a correction here We didn't have much of a correction here So we were expecting to see the market correct down into this area to see if it's going to you know make that Particularly but this particular time selling at that level your risk was only just a few pennies Now on these previous segments that I worked here. I've talked to you about hogs I've talked to you about soybeans and I talked to you about the S&P and now what we're going to do is We're going to take a quick look here at Just get this up here. We're going to see what happened, you know to silver after that Okay, you can see the high. Well, you can't see it yet, but you will soon Hold on just a minute. Let's get up here and then we'll see where we are. Okay Okay, here's the high that we made back here. This was the exact seven eight six right here You can see how the market goes up in waves and then it goes up to this level here It makes a huge a Bcd move, but there's your 78 percent level right there. You see it stayed there for almost Let's see. That's a See there for about 10 minutes and then the market broke down here and then over the weekend over the weekend I said sell the three eight two rally on silver if it opens higher That's what I said and you can see on the video That's where I pointed out to sell it right there. That was at I think it was 23 50 Let's say 23 40 23 45 someone there then it came down to this level here Completed the a bcd see that a bcd pattern that's right there perfect and look at the next rally Exactly three eight two off of the high right there. I mean this is This is stuff that's you know Technical systems are made for if you don't think these algorithmic traders that are out there don't know these numbers You're and I you know, I don't think Silver's involved now algorithmic trading and all but currency certainly are So those are the things that I'm that I tried to look at to tell me what your risk are because you know If you sell at the three eight two and you go above the fifty percent some things probably wrong And that's what your you know pattern failures are for they're telling you that yeah, this one failed no big deal They a lot of them in this a lot of them do this folks You know look at look at the golfers that are out there for heaven's sakes You know a guy shoots a you know 63 one day the next day He can't even find the his the bags with his clubs in them So I've never had that happen before because I'm a master golfer folks I those of you that have ever played golf with me know that I only have two handicaps and that is driving and putting in a Little bit of the mental game, but the only hole that ever gives me trouble is that dog on one with the clown in the windmill I can never beat that hole. It's always Really tough. Now. Let's take a look here with the what he called these things blockchains or Crypto currencies, but let's look at this one here. This is coin base. I want to get it up here There's a real battle going on folks And I think that the government's going to win because I don't think they're going to let the people Control their own money supply. Anyway, this is what coin bases did you can see here We've been selling off look at the first retracement here folks three eight two boom down again what it hit today three eight two boom down again, but If you go and take a look at the big daddy rabbit, which will be the I know I've got it in here somewhere And at least I think I do I think I do I think I do. Oh dear. I guess I don't Oh, this is not good Nope, I can't find it son of a gun. Not good Boy, I'm a thought that I had I had I've shown it several times, but it's basically maybe it's I Couldn't be in this one. I don't think would it no no no me. Oh, here we are. Here it is. It's here. There it is. Okay Okay, here's the Bitcoin on a long-term basis folks If you like these numbers and believe me there there any market that's actively traded in liquid You can go through and take a look at it I'm going to be doing another show right after this one and we're going to look at some of these banking stocks Because that's the key to this rally that we have going on Okay, now you can see here. We have this move right up here 382 retracement you make it look at the ABC the big ABCD doesn't quite make it it misses it by a little bit There you have the first Serious ABCs right there See that that's from there to there to there and that's exactly what you're looking at So what we do is what we do is we take a look at this on a little bit Longer time frame so that you can see What this pattern looks like when you look at it on a very very long time frame and as you get it up and take a look at it About a Bing about a boom. There you are. You're coming in right down to this level here first 382 Second 382 that's a 28 for it's been up there for four or five days. I don't know what it's trading at now But that's one that we're paying a close attention to so I hope these things are helpful to you They're easy to find if you if you need to I We have the book called trade what you see not what you think and that's the most important part of this And I need to cover that when we come back from the break because that to me is the most Important thing that we have going on here with the trading part is the fact that it's not what you see It's what you think and not what you think it's what you see and I think it's important to talk about that because You know if you you have a preconceived What do you call a preconceived? Idea where you think they're gonna go and things are not doing that you have to rely on something and that's what charts are They're a roadmap if there's more buyers prices are going up more sellers prices are going down Nobody is more bearish than me and yet, you know, I came in last Thursday He said boy if this thing holds look out and look you can see what's happened 877-927-6648 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 metal 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 XAU HUI GDX as well as more than 30 different mining equities To see for 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 Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24-7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks You need to pay attention to and you can trust Larry's analysis after all He's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets That he's tracking expect notifications from Larry on market movement You need to act on at any time 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 Subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis, and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's YouTube channel with Tiger TV live every market day from 8 30 a.m. To 4 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 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 folks we're back and just for little kicks and giggles We got something happening right now that looks pretty interesting and if you'll take a look this is the last five days The Euro this is where the dollar index made its bottom right up here at the top We've had a big break and the Euro has now reached the three eight to retracement up here one oh eight Your risk here is about 40 pips or $400 and if that's an ABCD move That is a big money maker the trend on this on the long-term daily, of course is down So you got that working in your favor plus you're sitting right there at that number That's hit it about a half a dozen times already still hasn't gone above it So about 30 pips above it you'd be wrong on this so the risk on that would be about $300 But that's one that we're paying close attention to today You know the others that we've had which is the hogs of soybeans And also the gold gold The mainly silver hogs and soybeans were the three trades that we had on today We had a bond trade on it did did really well We were stopped out of it when it went below the 78% level But still made really nice profits and bonds over the past few days because we've been very very fortunate to be On the right side of the market and it's been you know, it's been because we we look at price charts You know, that's a that's a thing that tells us whether we're going to be you know Buying or selling you know, that's the main thing. Look at this. You can see here today I'll just put this chart up here on the bonds and I still think this is still a valid We're gonna be watching it when it pulls back But this is a valid ABCD here as you can see here We went all the way up to the 50% worth level stopped Okay, and our original buy on the bonds was here at the 129 level and then we sold it here And then we bought it back right here on that 382 retracement right there and then when the market went up What we did is we lowered our stop Let's try it again raised our stop so that it goes below this That's telling us that we're probably going to come down into this area and eventually get up into the area of 138 139 I've posted that chart of the coin base showing it There's going to be some trouble probably in the crypto currencies But it's probably going to be some trouble in some other things too and just to give you an example here We have a big rally going on one of the major banks today folks I'll show you a really bullish chart here and now you'll take and take a look at it and see what we're watching This happens to be a city bank Going back over the last couple of months and as you can see here This thing has really just just for the last month to look what's happened folks and this little bounce that we're having We've had these before We had one right here. We had one right there one right there This is the fourth one and each time they tell us that yep the banking crisis is over. Well, I think they may be a little precocious on what they're trying to tell us here because It's a really really tough environment out there for the banks they're basically between a rock and a hard place and Their depositors are now putting their money into T bills and stuff like that So I don't know what's going to happen All I know is that that could happen and that's what we're you know paying really close attention to Okay, let's move up here and take a quick look here Oh, I did want to someone asked a question to take a look at that the S&P chart that we posted Showing the triple bottom the one three five pattern. I'll show you that there's your one three five pattern when you have heart There's one. There's three. There's five. This would be like a three drive to a top drive one die two drive three They're different patterns Because when you win the one three five pattern you're trading with the trend with a three drive to a top pattern You're trying to pick a top, but you're doing it two ways You're using price and then you're also using the time sequence of how many days how many hours how many bars Did it get up to that top and then you know, that's what you're that's what your really goal is is to do folks Let me talk to you just a tiny bit about the psychology of this business And it's really difficult for new people. It's a difficult for me. It's you know trading is a journey It's not a destination. You learn something every day, especially about yourself But what you got to realize is that when you're looking at that chart you should not Try to think of why it's doing what it's doing. I know it's really hard to do that But the main thing is it's doing it and you just don't know all the factors behind it There may be good factors or bad factors, but you've got to think of what you're doing, you know It's it's very very important. It's not what you think. It's how you think we got that from Gary Leslie Joufless's husband. We were given a seminar with Mark up there in Seattle many 25 years ago and He came came out and he was in the audience and he raised his hand. He said it's not what you think It's how you think and that's true How you think is is so very very important You got to come in and try to disassociate yourself from the news like you know They're telling us everything's wonderful about the banking system and yet by golly, you know, the darn thing is not It's going up today pretty good, but it's not a what we call You know a runaway to the upside. We've got the Dow up 250 points Nasdaq is down 80 and Russell's up 20 and the S&P's up about 15 But still 18 points off the high so there's not, you know, a runaway market by any stretch of the imagination here Okay, let's move on here and we were going to Do one other thing here that I want to be able to do hold on just a second and We'll be right back hold on I've got to pull it up here if I can find it and that is the Nasdaq Yeah, I just wanted to bring to your fact bring to your attention here The Nasdaq because it still has not Violate this is from Sunday folks and so this is started a little bit higher in the Nasdaq We did not take out the previous days high by more than just a little bit And now we're trading down back below that 382 retracement one more time So these are these are important facts This has been the market that had been the leader and led us all the way down You know it topped a month before the Dow Jones did and now this is a major 10 stocks in the Nasdaq So those are things that we want to be paying very very close attention to But I'm going to get back to that middle part because when I worked with Mark Douglas And he had so many of these traders some of them very very famous come here to visit us and you know It was amazing how much time they spent with you know The mental part Paul Tudor Jones has on retainer Tony Robbins He gets a million dollars a year, but he's got to be on call if Tudor calls him Tony's on call. So it's He must know what he's doing because Tony Robbins I think does one of the best things for mental stuff that I've ever seen with his neuro linguistic programming in his power Power audio tapes. I think there's 18 CDs 18 CDs and I've got on a little time here. I've got it right here I keep I listen to it all the time Where did I put it? Oh, it's in my pie I had it I played poker this weekend in a poker tournament and I kept it in my jacket here So let me get this out here, but I had a really good run I started out really bad and then ended up pretty good for the NC double a tournament for poker that we have here at The Desert Diamond and I've got it here. The trouble is I'm going to have to wait till after the break And I'll show you show you what I have and you'll get a pretty good idea of What we're watching here. So let's hold on one second Shane wants to be on retainer to I'll tell you what Shane boy if the it the if the Keynes win if the her Miami Hurricanes win you get a retainer. You get to be on retainer. You get a free set of chocolate covered donuts once a month all Three donuts coming to you all at the same time, but Tony Robbins does a tremendous amount I knew him when he was back It was 1983 when he was just a 83 or 84 down there in the marina in the LA And you know this kid was given lectures and stuff for free 10 bucks, whatever it was and he caught on and He knows his stuff. All right, 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? 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 Basil 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 and stock prices get the opening call newsletter by Basil Chapman and 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 Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive Informational edge you need to succeed These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free With our money back guarantee at tfnn.com tfnn educating investors Biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade LA BU or LA BD Directions daily S&P biotech three times bull and bear ETFs Visit direction investments.com slash biotech 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 eight six six four seven six seven five two three 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 out. This is the little um apple I don't know what they call this thing. It's uh It's got all kinds of stuff. It has all my tony robbins all 28 tapes on that that has and the music that I have It's also a little radio involved And it's got i got my music that I like the beach boys, of course I always pressly the four seasons neal diamond ccr and Oh ccr. What's the other one? I got one four seasons, of course Along with luchano pavarotti And of course the man himself frank sinatra. That's what I travel with I've got it saved on my computer in case anything happens to it because it's got so much I can't believe this thing's got so much stuff on it and I I was at the airport folks and I lost it But on the back of it. It says this was from the kids We were I would spent five four or five weeks down in florida at a very very special resort What was that called? It was uh I think it was dr. Mark's Villa is what it was called. I think that's what it was there in longboat key Anyway, um on the back of it. It says to larry Live laugh and love and I lost it and I heard the speaker Say is larry out there who's lost his iphone or whatever this thing was I could think to think of what they call it You know don't got it. Whatever it was the anyway, that's that's neither here nor there But I listen to that, uh, I try to every day, especially when I'm traveling I don't travel without it because it uh It's all the stuff that I like and I like tony robbins because I I knew him and met him personally Several times long before he was famous, you know, that's uh That's really good and someone just asked me if I knew frank sinatra I know but you know, he didn't know me. He sat behind me I was he was excuse me. He was right in front of me during the dodger game in october 1986 when kurt gibson hit that home run And uh, it was unbelievable because uh everybody stayed in their seats They had the flash of lights at dodger stated to get people to leave it was so so emotional I mean, it really was it was uh, really spectacular if you want to see it go on the youtube It's it's just about everywhere and the bad part is that kirk gibson is having a lot of trouble Uh, physically he has some uh neurological ailments. It's giving him a great deal of trouble Let's get back to the markets Nobody wants to hear all this stuff unless they they uh Are listening to you know another program stuff But let's take a look at a couple of charts that I that I think are are very important Not like we have already done the hogs and things like that But one we've got to keep our eye on And this is the one jim barley only has been talking about for quite some time And that is this natural gas contract now. We got crude all really strong today. Let's move this up here And but this is natural gas. Okay, and you'll see there's what we're watching, you know, right here So uh, we're waiting for some type of a pattern in here right now There's nothing here like right here. You've got a little three drive and a couple of abcd's Up here, but you know, that's that's near to here near there, but we don't have that yet In the natural gas we're waiting for that and that's what you know trading is about It's about waiting for some of this stuff to actually happen So I think that's why it's so very very important the natural the the things that we were watching today as far as The hogs or heating oil and stuff like that We mentioned this in the video that we sent out last night that we were setting here Last sunday that was last sunday this sunday and let's take a just look at the heating oil because he The same pattern was in crude, but you can see here that the perfect abcd down I mean, that's just absolute Perfect abc because you have the ab leg and bars the same as the cd leg Just coming in exactly hit it to the exact point here within I think about 50 cents And you know, that's that's about 105 dollars and then it has the big move up here But look at the 135 pattern right here And the thing to talk about was once it went above that because we hit it And then backed off and then we went charging through it later today And that changed the you know the whole structure of the market now might more For more analytics will be on with us thursday and he'll be talking to us about you know the energies He's really good at that. He's been nailing this thing pretty good. So we're going to have him on To tell us what we're looking at but that's the one that we were watching Since we're talking about that I think we should probably also You know look at the crude oil because crude oil was doing something Almost exactly the same. Let's get this up here and take a quick look at it This was an easy peasy one as I say in the trade And now you'll see what I mean here because the market opened Higher than this came back and touched it one time and then it was off to the races Believe it or not. That was one heck of a move And so now we're going to make on this. You'll see we're going to be making it a A B a c and a d and the db up here around 73 or 74 73 $73 a barrel is what we'll be watching on this. This is a 4-hour chart You can see all the 382 retracements on the way down I mean there was nailing in one two three and those are the ones and then we get down to this level That was a big abcd on the daily as you saw in the heating oil The same thing happened to crude oil and that's why it's so very very important to look at it all right now Well time is running out here on the first happiness of the show on the show to Following today the trade what you see segment two We're going to be looking at bank stocks and some of the key stocks that are out there We're also going to be looking at natural gas To find out where would be the best place for a possible long term trade in natural gas That's what we're trying to find so we're going to be watching natural gas And we're also going to be looking at some of these bank stocks because that's the key folks because if these bank stocks take off They're going to drag the rest of the market with us. I mean that's uh, you know, that's going to be really interesting because You know the fear that was out there has now been alleviated because secretary Yellen said There will be no bank failures and all the banks that have all the money in and she retracted her statement saying We're not going to bail the banks out which they've already done So that's going to be a real interesting, you know thing to take a look at very very important also Someone asked a question about the wheat market and I think We can do that wheat without too much trouble here We're over in july week now if you'll remember we spent a lot of time on this bottom right here This market is another one that has been extremely strong here these last few days This was the you know that big abcd went through that we went through the logistics of us so much that this move right here Was exactly the same as the move that we're having right here now This is the mini move right here But the big part of this is this these market these were doing exactly the same thing with abcd here As we were with this abcd right there and we said that was the bottom And if you looked at the long term weekly on this that's what you're looking at Look at the high up here folks the three drive to a top pattern When everybody wanted the wheat and it was limit up Hello operator now it's half price And nobody wants it That's why you got to think in terms of what the market's doing not what people are trying to tell you folks I well, we got a we got an end of the show here when you come back I want to tell you the most um The story about what what changed me Well, there was a whole bunch of them along the way, but the one that changed me the most was my my Well, I'll tell you it's Long time ago 1976 that matter of fact, we'll be right back 877-927-6648 If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try tom. 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Just visit the front page of tfnn.com Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv. That's tfnn.com and hit watch tiger tv Okay, folks, I posted the chart of the soybean meal just showing you the 3-8 Tuesdays over the past month or so on the way down But I wanted to try to explain to you what happened to me in July of 1976 I had been working for the past year. So studying the markets and stuff and one of my mentors Jim Oscar McClure and then also Dave Nelson were very very bullish on soybeans They were fundamentalists and all I was doing was what reading the guardly book and I found this guardly pattern And it said guys, this is where it should stop to go and xabcd was Making a beautiful bottom And the whole world was bearish. Nobody liked it and you know, and they they were doing spreads We buy July sell November and these spreads were selling at a maximum premium because interest rates were so high so you could put that spread on for like 150 dollars And uh, you know, they would go up. Anyway, they only got a minute here to go But what happened was I bought a bunch of those and everybody that will listen to me Opened an account at the brokerage firm. Lynn Waldoch. It was just starting out And so we had about 31 accounts and a lot of contracts some people had, you know, large accounts So the people only had four or five contracts But these things took off they ran like heck and uh, it was about a year later Nine months or so We got into July the report came out and it was at the top of the market and the report was so bullish The Reuters machine said they're probably the only soy beans left will be in this masonium I had it on the Reuters in front of me and I didn't save that paper when you're young you forget I was only 35 36 and uh, you know, I'm saying well 38 But anyway that I should have kept that because that's actually what the thing came I asked Reuters. He said we don't keep that stuff Especially, you know back in those days because they didn't have the computer stuff that they have now But that's what it said the only the only soy beans will be in it. Well, that was the top the market rolled over and that was Hey, see in a few hours one more hour to go We'll talk some more about some of the experiences that I had some of the bad ones and some of the good ones eight seven seven nine two seven six six four eight