 Okay folks Larry Pesavento and we're talking about the markets today and what I'd like to mention we've had a lot of volatility and I've posted the chart of the NASDAQ up in here and believe me folks this bad jobs report not jobs report but CPI number that we got had nothing to do with the market folks it's all based on standard deviations and numbers that we look at that these algorithmic traders use. You're looking at by the way our guest today will be Tom Hougard hopefully when Tom calls in we'll be able to chat with him he's had a pretty active day I can imagine but looking at this NASDAQ weekly chart you'll see that today's low was an exact 61% retracement okay of the low that we made way back when three and a half years ago that's a very very very important number okay I think we have Tom Hougard on the line now Trader Tom are you there? Hi Larry. Tom how are you handling this volatility today did you fall asleep at all? I'm sorry. No I didn't fall asleep at all I was I went over the the history books so I look back over the last 22 years for days where we would have a an explosive inflation report and then I looked at well how Europe would react to it and then how how the US would react to it so I essentially wanted to know how can I expect Europe to trade this morning and how can I expect the market to react and then I got really lucky because the market rallied fiercely early on today because of the Bank of England had some some some rhetoric that supported the pound against the dollar and in just like I don't know 20 30 seconds before the report inflation report came out I said this is this is BS this is going to be a repeat like of September September's report and so I took on a huge short position with a the tiniest of stop-loss and I think 45 seconds later I closed it with 180 thousand dollar profit and and and I was I was really lucky too because the market was a fast market and so my platform jammed up and and and I think the second half of that profit was probably never gonna be mine had the platform not frozen up I know where my even even the platforms of folks that I trade with said that they had the same problem Tom we're gonna take a few a break here to pay a few bills we're gonna come back and I'd like to