 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now Larry Pezzavento. Okay, looking good, Billy Ray feeling good Lewis. We're going to post the chart of the footsie. As you can see here, we had this Gartley that stopped right at the 382 retracement here. Beautiful ABCD stopping right at the 382 retracement. And then of course it started down. I didn't have the updated for the whole last part of the day over there, but I assumed it would be down a little bit. But you know, we actually've rallied a little bit here, which is actually a good thing I think. Now we're going to take a look here at the German DAX. And that was this one second folks. This is going to be interesting here. Now we're going to look at the German DAX. Hold on one second and we'll get it up here. Paula Webb Douglas will be our guest today, tomorrow. God willing, we're going to have Peter Lighty's on. I'm pretty sure everything will be ready to go. But you'll see here, we had this monster ABCD pattern form here in the DAX, a really nice one. You can see that. Then you have the little bit of a bounce and then the pullback and I think we're going to bounce some more. That's what it looks like here in the DAX. So it's not the end of the world. Speaking of the end of the world, everybody's talking about it folks, but frankly, I don't even think we're even close to anything like that. If you'll look at this chart right here, I posted several charts this morning on the video for the 24 seven folks. And I just wanted to give you a heads up because we're at some really critical levels here coming into a Thursday. I don't think this is the bottom. I think this is a bottom, but I don't think it's the bottom. You can see the big ABCD pattern that we measured to, you see it came down to 3910. Now the low was 3870. It's rallied 70 handles from that spot. And so you could see a rally all the way up into this area, up in this area here and it's still quite bearish. But there's a story to be told here folks. And I want to talk to you about it just a minute. It's about the cryptocurrencies. There's a cryptocurrency, probably some of you folks might have heard about it, but it was one of the better cryptos. It was selling well over a hundred bucks. I think it was called Terra Luna is what John told me it was. You'll be able to see it up here. We'll get it up here so you can see it. There's where we were. You can see it was looked like a really nice pattern here. A little sell-off. We had a beautiful 382 retracement there. If you like 382 retracements. I had a tiny bit of a sell-off this morning folks. I'm sure those of you that watch Bloomberg or CNBC, you'll see that it did have a tiny bit of a retracement to the tune of about 98, 99.6%. In other words, it dropped all the way to a penny a share folks. And guess what? I bought a hundred, this is the first time I ever bought some. I bought a hundred shares at two cents. And I'm gonna put a sell-in at the 382. And I did buy some though, just to get used to getting ready to buy it because I'm going to be doing some of this in the future. But this is one that just totally imploded. Then the reason why it imploded folks is their system just absolutely blew up. They don't happen off of it when they do, that's what the problem is. So I'm not gonna be buying anything near $120. When I'm gonna be buying, it's gonna be between 50 cents and 10 cents. That's what I do. Because you know why? At that point I can control my risk. So if I buy 5,000 shares and put up 500 bucks, I can easily handle that $500 loss. The other one is a little different. Now I wanted to show you one other chart that is very important here. And I'll give it to you right now. So you'll be able to see it. This is the standard deviations yesterday from the NASDAQ. Excuse me, the day before yesterday. And I'll show you why that's important. After we broke down below this, you see we went all the way down to 17, 11,700. Very, very important that number. That means that coming back, this will be some type of resistance. That's just the way the numbers work. The reason why you're looking at that number, because if you take a look at the NASDAQ, and we're going to do that right now, I hope, and here it is, we'll get it right up. This is the weekly chart of the NASDAQ. Remember folks, we're down six weeks. That itself makes it very, very oversold. So sometime between now and early next week, we're gonna get one heck of a rally. You'll notice that today's low was within 50 points of that exact 50% retracement of the low that we made back here on the low for the COVID, okay? Very, very important here. And believe me folks, we could have a rally here that take you all the way back up into here, maybe even higher, because people are looking to want it to be a buyer of this thing. If they get any indication that, yep, this could be the bottom, it's gonna be a rip or error. But longer term, we are bearish, but we're just watching that one today unfold as what you're looking at. I recommended that folks today, my number was 3910. I can't vary from that, folks. I live and die by ABCD. We've had one heck of a run in that and we decided to take the profit in it and we're going to stand aside. We've had a three, eight, two rally already today and that bringing it up to 3940 was the 39, I think 3943 was the exact 382 retracement on that. But at the same time today, we had another one that was just absolutely set up perfectly and I sent part of that same video was the one and I'll go through these because this is what we're going to be doing when we do the live trading session on the 17th. And folks, I can tell you with a great deal of anticipation, it's gonna be fun because we got volatility in these markets. It's not gonna be a dead day. You can almost bet your bippy on that one. Here is the 382 retracement folks in the bonds at this high right here. Your risk was 10 ticks, $300. You had made over $1,000 on the move down already. So that's the kind that we're looking for. We're trying to find ones where you try to pick up a few dollars by only putting in a few pennies and that's what you're looking at. We had another one of those today. I wanted to show you here the NASDAQ because this has really been ripping and roaring because it should be because it's the one that's been beaten up the most. And if you look at this, you'll see early in the morning here we hit the 382 three times. Each time we hit it, it backed off 100 points. That's $2,000, okay? Then finally we did pop above it here just recently. So we have rallied almost 400 points in the NASDAQ in a matter of just a few hours. That just shows you how overbought markets can have tremendous amount of potential on the upside. So these are the things that we wanna focus on when we do the day trading thing on May 17th. I'm really looking forward to that for two reasons. One is because I love doing them. And the second reason is it's a perfect scenario with this wild volatility. I wanna use the tools that I've been using forever to manage risk and that's what I do best folks. I don't care about the long-term stuff. I'm interested in making money. Some day I'm selling eggs. Another day I'm buying bacon. I don't know what it's gonna do, but when I see one that looks interesting, that's what I try to do. Today it happened to be bonds. And also yesterday it was gold. We had a nice move in gold. And speaking of that, we gave almost all of our, where is my gold thing that I put in? 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Educating Investors. Toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, folks, I wanted to go through the gold trade that we did, posted the weekly chart. Those of you that belong to the system, the 24-7, you know, we've been shorting gold, 1965, 1925, and 1909. Those were the three areas that we were selling it and we were looking for it to go down to 1832. Now the low, the number we were looking for was 1831. We shaded it by a dollar. That was filled right here, folks. And when I saw that on the weekly chart, I said, we have to go long. And so I ended up buying it at 1835. Now notice what happened here. We had a huge A, B, C, D right up here to the 1858 level. You know, that gave you, that was a $2,300 profit. And so the only thing I could do is, when I saw this right here, when I saw this little tiny 382 rally right there, I said, uh-oh, we've got trouble. So the only thing I could do was to put my, I could have done it several different ways, but I put the stop at 1838. We went down and it was taken out. So what we're waiting for now is to see if that weekly is going to hold here at 1832. I don't know if it's going to do that or not, but if it doesn't, then we have to change our program. But I did have to give that much away because I just didn't have a choice. Well, I had several choices, but the way I wanted to do it, I didn't want it to go to a loss, not after having the big win on the short side. And I'm not going to risk any money. See, once a trade is closed out, folks, that goes, that's our money, that's my money. So I don't want to mess with that. That's my money and my account. And so after it's closed, then I have to worry about it. When it's not closed, it could still be their money, but once it closed, it's my money. And that's what I worry about most of the time. It's not a question of how much money you make on a trade. It's how much money you don't lose. You got to think like that dog on slot machine, and that's the way you got to do it. Nowhere on that slot machine, folks, when you look at it that says, you have no chance of beating me long-term and no chance that you're going to win consistently all the time. And there is always a good chance that I'm going to take all your money because I've taken in $1.2 million on this slot machine that I have given out. So you want to play like the slot machine, and that's the way to do it. The other thing that's on that slot machine that you're never going to see, folks, do you want to guess what it is? It's AB equals CD, AB equals CD. You find a slot machine that says that, play that puppy, because that's where the game is played. Okay, now let's get one. It's going to be, this could be Christmas in July, folks. Maybe it'll be June. I don't know, but we got to take a look at this is something that, this is one of the reasons why I was so nervous being long the gold is because of the fact that silver, once we broke down below these levels, it looked like we were going to hold yesterday. You remember that? We had those three right there. It looked like a beautiful hold right there at that 21, 25 level. We've now dropped, you know, we're getting really close. We've broken way below 20 cents. So we're going to be down in this area here, probably in the next few days. That sets up a monster, AB equals CD. This slot machine is saying, come and play me. So that's where we want to be looking at it. You're going to be matching these old highs back in here. You got inflation's going rampant. It's going to be hard for the boys that are Barry Silver to put, they could do it. They could push it down a little bit lower, but this is where the game is played, folks. You know, if you can buy this big ABC down here at 11 cents, you got to buy this one because it's at a higher level coming back to this old support. So that's what we're waiting for. And believe me, this is a, we're having wild stuff today, folks. We've had, what's been going on for, it's been going on since January 4th. It's going to continue. That's why, you know, trading on these shorter terms has given you such great opportunities because you got, you know, a huge volume in there and you've got the VIX at what, 34, something like that. Sometime this year, the VIX will be at 64. The high back in the 80s was at 19, I think the VIX was 80 or 90 at the time. And they're comparing this market to 19 or 2000 or 2008. Are you kidding me? They're nothing like that. This is a very orderly correction in a still bull market. It still is a bull market. We're going to find out after this correction is over how big of a bull market it is, if in fact it is. So that's what we're watching here. Now let's take a look at, by the way, I think copper broke or came very close to breaking under $4, which we thought that was going to be happening because it made a three, eight, two retracement up there at 427 and dropped 27 cents to the downside. So let's keep our eyes on that one too because that's going to be a really interesting. When we've covered the silver, you can see what's happened to silver on the daily because once we broke below that level, you can see it looked like it was a washout but they washed and rinsed and they threw the baby out in the bath water. So we're going lower in the silver. So we want to be ready for it whenever it's ready to go. So those are some of the ones that we're looking at. We've got Paul coming on in just a few minutes, about another seven minutes. We've got some other things that we need to cover. Just give me one second here. I will get this up here because I think it's important. This is the Hong Kong market, folks. My friends over there asked me to take a look at that. So I sent a little special video out to them yesterday. I didn't send it to anybody else because we don't trade the Hong Kong market, but you can see we have stopped right on the rally up. We stopped exactly at the 61% retracement, stayed there for three weeks. Then we came down, we stopped at the 618, rallied up to the 382 and now we're down to the 78% level. Any move below 19,000 in this folks sets up a monster, A, B, C, D, way down here at around 17,000 in the Hong Kong index, the Hang Seng. So that's the Hang Seng index. And we want to do one other one here before we move to the other thing that I've already covered, the number and why we covered the short S&P. And I don't believe that's the bottom, folks. I'm just covering because it's an A, B, C, D and it's time to book profits. We're six weeks down. It's hard to go six, seven. Once in a while you go eight weeks, but that's a huge outlier. So if we're, I don't think this is gonna be the original, the final bottom, but it is a bottom because remember on the long-term weekly chart and we'll get this up here to let you look at it. There is a very, very clear pattern in the S&P that I think is going to be hit. And the reason why is for two reasons. One, it's the perfect A, B, C, D. And not only that, but it's a three, eight, two of the whole move from the COVID low and it's almost equal move to the COVID low. You can see they're very, very similar. So that's why I think we're gonna be going a little bit lower. Remember we got all of these cycles lined up between now and the 22nd of May. And that's why having the day trading thing on the 17th can't be any better because that's it. I'll be looking at daily charts if they ask me to, but frankly folks, I'll be watching 15 minutes and if the market's really volatile, I'll be watching eight minutes or five minutes because I wanna keep the losses small because I know I'm gonna catch one or two. I'm not right all the time. I'm right some of the time or most of the time but not all the time. And it could be a day where I get absolutely shut out and oh, I dread those, but if they happen, they happen. I just move on to the next day and I'll be ready. Stay tuned for Paula Webb. We'll be Paula Webb, Douglas will be on in just about five minutes. So stay with us folks. If you wanna 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. News subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning I publish the 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. TFNN has just launched their new trading room, the Tiger's Inn, 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's Inn, available to all tigers and tigers for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Inn, you can look over the shoulders of Tom O'Brien 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 Tiger's Inn 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'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 guardleafs, ABCs, 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, and we're talking to Paula Webb-Douglas on the line. Paula, just from my... Where is Thomasini? Was that one of your maiden names? No, that's my middle name. It was my mother's name. Yeah, Paula Thomasina Bernadette McNally Webb-Douglas. Oh my goodness, dude. That's... So that's why I kind of just like go by Paula T, or the redhead. Yeah, okay, I remember the redhead because you were always the queen of Chicago when Rodini's had the big Greek parades. I remember that all the time. Paula, we talk about ABCD here at TFNN on my show all the time, and I know Mark always used to joke with me about it. AB equals CD, AB equals CD. Now, when he traded bonds, I know that he used that in the program because of his work with those huge bond traders, Robert St. John and some of those other dudes that he worked with. Question that I want, Tommy Baldwin. What was the... Is that available? Do you make that available? You just didn't want it to be made available, or is it available? Someone asked me that question. I did not answer it. It probably would be if I could find it on his computer. Okay, I have it. Oh, you have it? Yeah, I have it. Oh, I thought you were talking about how he used it with his own system. Yeah, that's the one that we used to sit here when he was working on the trading in his own book. I mean, he used to trade bonds till about 10 o'clock in the morning, and then he was done, he'd work on the book. So when we get done here, I'll tell you how it is. If you want to make it available to folks, it works. It doesn't work every day, but it works better than 60% of the time, and the risk is much smaller. Yeah, sure, let's bring this up. Yeah, let's get it out there. I never even thought about that. Tell us what you got for us today, young lady. Okay, well, we got a lot of interesting stuff going on in the news, and I'm not political or I'm not making a statement, but what I do is I usually take something from current events and make the analogy to trading. And there's a lot of stuff on the news right now about rights or choices being taken away. And as traders, we have the luxury of choosing and deciding what we want to trade in the markets. And no one can take that away from us. We choose what trades to put on, what markets to trade, and that's based on our own personal criteria and our analysis. And we all become traders to experience financial freedom, right? I mean, that's it. We all got into trading to make a boatload of money, period. I don't, you know, whatever you're gonna do with the money is a sideline, but we got in to make money. So if you're having difficulty expressing how you're going to create that financial freedom, this is where I come in. Just to help you understand that trading is the only business that allows you to express yourself as you've always wanted to, but have gotten out of practice doing. Meaning, you know, everybody has a job. They know they're gonna get X amount of dollars because the boss says so. But in trading, you decide how much money you can take out of the market. It probabilistically, okay? So don't let any current events or family or friends or anybody in a chat room or wherever choose for you how you want to trade. Be who you want to be as a trader and accept that and live it and you will always be a winner year in and year out. Boy, that's great. It's absolutely great advice because there's so many different ways of skin and cat as business that you want to do it your way because then it is your way and that makes it really, really worthwhile. Wow. It's not easy to do, though, because Mark used to say- Well, no, yeah, it's a challenge because we're taught to remember and repeat things. We're not taught to be creative and trading is a creative endeavor. You artistically paint your own canvas by how you trade and obviously your results reflect how you feel about yourself. And so, I mean, I recently had two clients. One was doing very well at trading and then he went through a divorce. It wasn't nasty or anything. It was just, you know, they just went their separate ways and then he added futures trading into his mix and he just lost boatloads of money. And the reason that he lost money was because he had that void of not having his family around and he was trying to fill that void with another form of trading that he knew nothing about. So once we identified, hey, you know, go to the gym instead with that extra time you have on your hands and just get back to the way you know how to trade. And he was like, oh my God, I didn't even realize that's what I was doing. So just no matter what's going on, whether it's in the world, in the U.S., in your own house, in your backyard, just you have to stay focused on trading from your own perspective. I know it's really hard, especially these days, but, and this is where I come in if you guys have any troubles with that. Yeah, I know you certainly helped me a long way. That's for sure. I remember Mark used to live by his saying, is trading is simple, but it's not easy. And you know, if it's really there'd be a line, well, there is a line going around the world three or four times, people wanting to get into our business, but they have to keep it simple. And I think, you know, the major cycle that you have to worry about is that nine inch cycle that Mark used to talk about from your left ear to your right ear. If you get that cycle inside your head straight, the rest of it is pretty easy. I was fortunate enough, folks, because when Mark would interview these folks here in the office here in Tucson, some of these great traders with names that are household words, they go through the same things that we go through. I mean, they have the same problems, they have the same mindsets and stuff. The difference is, is that they change their mind in a second. If they see they're wrong, they go the other way. And once you can learn to do that, you know, that's a really big asset for sure. Do you have any specials working this week that the folks would be able to take advantage of, PT? Well, the specials are living with a trader, for those of you who have a spouse or a significant other, that just doesn't get you. You can have them sign up for just a couple hours and I help them understand how they may be interfering with your focus. For instance, I had a husband who had his wife, he started working from home as a trader and his wife would be coming in every 15, 20 minutes. Do you need more copy, dear? Do you want some toast? You know, all very lovely things, but not when you're home trading. So she didn't understand that she was interrupting his flow and keeping him out of his zone. So we had a nice little chat and she's like, okay. So just did a simple thing. He closed the door and when the door is closed, you don't disturb. So just little things like that, guys. And anything else, anybody that comes from your show, Larry, you know, gets a 20% discount on any consulting fees. But remember, I always have that free 30 minute chat so you guys can see what I do and I can help you out a little bit. You know, that's what we'd like to hear, sweetie. So I've shared those some more. What, hey, tell the folks how they get in touch with you. I'm sorry, what? Tell the folks how they can get in touch with. I know you've got a new phone number. So why don't you tell them what your number is and how they can reach you in your email. Okay. You can always go to the website, markdouglas.com and the phone number is 760-636-4290. I'm in the office pretty much seven days a week. You can reach me. And the email is inquiry at polityweb.com. Well, sweetie, we'll have... And I'd love to hear from you guys. And we will. We will have some folks calling in, I'm for sure, and we'll have you on again in a few weeks, okay, PT? Super. Okay, Paula Douglas, folks, try to get contact here if you have any trouble psychologically because she knew everything Mark did and maybe a little bit more. All right, we'll be right back. You bet, sweetie. We'll be right back, 877-927-6648. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater 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. 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Dave delivers his weekly newsletters every Friday with updates throughout the week. You can get the Technology Insider at tfnn.com for only $37.50. 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 C-H-A-U or C-H-A-D. Directions daily, CSI 300, China A share bull and bear ETFs. China A shares in either direction. Visit directioninvestments.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, foresight fund services, LLC. 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. Okay folks, I posted the chart of the monthly euro trade. We've been in this trade from about twice. One at 109 and another at 106. We're still in that and we're going to talk about it in just a little bit. But before we do that, I wanted to share a couple of Mark Douglas stories. When Mark and I shared this office here, I had a, you know, we had affiliation with the hockey team from 1980 and they gave us a few referrals. And she happened to be a student of Mark and also a student of mine. And we were sitting here one morning and Laurie called and she said, I have to quit, Laurie. And I said, what do you mean? I said, you're doing really well. She says, yeah, I'm averaging about 12,000 a month. And he says, we're making more money than we ever have. They had to, she worked as an operator of a lumber yard and her husband was one of the foremen's. They did a lot of business there in the Midwest. And I said, what's wrong? She says, every day when he goes to work, he opens the door and he says, as he leaves, I love you, honey, don't try to lose all of our money today. And I said, Laurie, I said, you're kidding me. She said, every single day. And Mark was listening to it and Mark says, I got the answer. I got the answer. So I let her talk to him. It's Laurie. He says, it's really simple. Say it's my way or the highway. And she laughed and she says, I don't know if I can do that. She says, try it. Believe me, he's going to stay on the highway. The next day, two or three days later she called back. She said, you're absolutely right. We had a long talk about it. And things have never been better. And so it turned out, and her son was in the Olympics in Beijing. Actually, here. When was it? That was her grandson. That was her grandson was in the Olympics in Beijing. Anyway, let's move on to one other one. We had someone extremely very, very famous here one day. And it was the same type of situation. He had a briefcase with six cell phones in it. This was in 2002, I think. And we were trying to get some things done. These cell phones would be in the briefcase and they would be ringing all the time. And Mark said, go put that thing out in the car. Because we don't want to listen to that. He said, well, I really can't. And he did. And we actually had a really nice four-hour conversation. And he said, that's the first time I've been away from my phones ever. And I said, well, you should do it all the time. They're not going to do you any good. He said, what's how I make money? Making money on the phone doesn't make anything. It's when you put the order in, when he was away from the floor. He was a bond trader. He traded in the floor. But his name was Robert St. John. Traded right next to Tommy Baldwin after a while. He traded only from six in the morning until 10 in the morning. Just those four hours. He was not able to trade after 10 in the morning. And that's all he word. It was four hours a week, 20 hours a week. He scalped out of the bond bit. And he made a large, large amount of money. So Paula made a point there. You got to find the game that you like. My game is I like short-term trading because I can control that once in a while. I get lucky like I did in the bonds but by golly they're not always going to be that way. And I have to realize that because I go into time periods where I think I know everything and that's when I get hurt the most. That's why when I came in here on the 17th I've had a heck of a run here this last two and a half months and I've had losing days, of course, but I remember my most vivid one is when I was writing the book The Private Thoughts of a Trader's Diary in Peggy Mackay, who was the attorney here in town, who was editing the book for Wiley. And every day she would keep track of all the trades and everything that I had done and that day I had looked out and I had five perfect Gartley's or Butterfly's or ABCD's and I was really excited and I looked, Mark, I said, look at these five. I had printed the charts out and I said, look at this. He said, oh man, I thought they looked good and he put his hand on my shoulder and he said, well, your streak ends today. I had a row where I didn't lose. I had losing trades, but I won every day and he said, today's the day it ends. And I turned around and I said a couple of letters of words that I'm not going to repeat here. One was SOB and there might have been a few others, but I said, why in the heck did you say something like that to me and pee on my parade? He said, Larry, he said, it's in your voice. He said, you're overconfident. He said, maybe you're hit on all five. I was over five. And believe me, on that fifth trade, I didn't want to do it, but I had to do it and I lost on that one too, but I had five straight losers that day. Every single one was a loser and I never forgot that day and I laughed about it and learned my lesson, but like Paula said, you've got to play your game. You know, you keep going because the next day came right back and I started another streak again. So it's just like the restaurant business, folks. You don't know what you're going to order on the menu but it better be good because if it isn't, they're not going to come back to that restaurant anymore. That's for sure. Okay, now let's talk about a couple other charts that we need to talk about. Let's look at this Euro chart and as you can see here, we've got a target down here now at PAR, folks and that's the 78% level going back to 2001. You can see the lower tops. You can see the daily chart, folks. We showed the 3-8-2 on that so many times on this show. It's really, I don't want to do it again and mainly because I can't find it but that's the last one was it 106, 10680 or something like that. But anyway, this looks like it's heading down to PAR. That means the US dollar index is most probably going to go to 104.5 right now. You're talking about B106 most probably and boy, that is not that's not friendly to gold because when the dollar is strong you know, gold is weak it's when the dollar is weak it's when gold is strong and listen to the newsletter this coming week because John has written a really good piece about the US dollar and how it affects all this stuff that's going on in the world. It's not the cryptos, it's the US dollar that is making these stuff jump around but the cryptos are important because we've got some really good spots coming up here. We use Bitcoin as the gauge and the other thing we're going to be watching is how the markets how the Bitcoin market will call the bottom and I imagine because we had this little bit of a rally, by the way when we were on the air we hit that $39.43 which was a 382 retracement I saw we dropped 20 handles in the S&P so that's important to well we dropped more than 20 handles we dropped 40 handles and also the NASDAQ one has worked I posted the NASDAQ one this morning when it happened I'll get that one up here to take a look at it now where is it here we go and I'll be covering these patterns on the days where we do our show here on the 17th and that's pretty much it and also I'm almost 100% sure it's going to be my last show for the year folks I want to focus on the 24-7 thing that I have with and I enjoy it but mainly I'm back into managing money professionally again I started that a few months ago it's going really well and I'm going to expand that a little bit so I'll probably be doing I'll still be doing the radio shows of course but I might move to different time frames or maybe scale back to two or three days a week but I hope you can attend the one on the 17th because my goal is to make money I'll be doing some teaching telling stories like I usually do but the main thing is to make a couple of bucks and we've done okay through the year so we'll hopefully get another one going on that's happening I hope nothing happens to us like what happened with these folks in Luna folks you could have protected yourself in that if you rent it because they do accept stocks stocks in the cryptocurrency and you could easily have protected yourself with that so let's take a little break here we'll get back to talk just a tiny bit more about Bitcoin 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 an investor you were born to be tfnn educating investors 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 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 in stock prices get the opening call newsletter by Basil 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 with market volatility roaring back in April Larry Pesevento has just announced a five hour live trading webinar coming up on May 17th Larry Pesevento is a 56 year trading veteran and has mastered his trading skills through many different market fluctuations join Larry on May 17th as you host a live five hour trading webinar from 9am to 8pm eastern time giving you insight into how he analyzes the market and decides his plays Larry will delve deep into the ABCD trading pattern explaining how to structure your trading day the times most likely to generate signals which signals to ignore and how to use the pattern to mitigate risk in this all day five hour live trading webinar take a seat by Larry side as he trades the markets real time including the Dow and S&P 500 E mini crude oil natural gas gold treasury bonds wheat and soybeans the dollar pound dollar dollar yen and more if you've ever wanted to get inside the mind of a market master you cannot miss this live trading webinar to sign up today just visit the front page of tfnn.com Well I don't know how he did it folks but Jim from Palm Harbor Florida finally caught through congratulations my friend I don't know how you did it what can I do for you buddy I know we only have a couple minutes left real quick we got plenty of time I covered my my options where I was short on the on the Q's and I watched the NQ now fail and so I've entered them again are you have you entered for the weekend and for this eclipse at your positions or are you going to wait till Sunday I covered the position today I was in the S&P and also the Dow Jones for the folks of 24 7 mainly it was the S&P but we covered it at 39 10 and the reason why is we booked very very good profits in gold treasury bonds and the S&P and I think we're going to get one two one or two little rallies maybe either Friday or Monday or Tuesday and then hard down into the 22nd that's what that's what my game plan is but we made a 382 retracement in the QQQ is where we were on the air they rallied 350 points off the bottom and that was 382 of the whole range of yesterday which is a good sign and we got to take it there that's where I look at it so right now I can't believe this and Q's come back to the 618 like it hit it at 11 around 11 880 and we've given up that rally already since 930 just what you want to do now is you don't want it to make a new enter day high from here you want to put your stop at break even and let her rip because I think we are looking at lower prices here and we'll talk about the bonds okay listen by the way I'll be doing two shows tomorrow I'll be doing Tommy's Tommy O'Brien show at 9 o'clock and then I'll also be doing my show at 11 with Peter Lides as a guest so hope you don't miss it okay thanks for calling Andrew okay folks that's about it live every day in an attitude of gratitude and may God bless