 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 We're going to start our show with the DAX and then followed closely by the footsie. You can see They've had a little bit of a top formation if that is in fact what it is And then you'll also see that the footsie is a little weaker than the DAX but we're in a time now with the Middle of August here for well the end of August this happens to be the anniversary date of the high in 1987 folks it was a Tuesday. I was on TFNN that day with Bill Griffith and Ron and Sana for KWHY in Los Angeles FNN financial news network, and I was a guest there for I started being a regular guest So this was about my third appearance and I've been talking to Bill about a potential top in the market because of the Harmonic convergence of the five planets coming in on August is 25th So they had me that day and I had a new car and my daughter was living in Los Angeles going to UCLA But she was at home and so she wanted to ride down to the drive the car actually on the freeway So we we went down and we were driving down the freeway I will never forget this and she said dad she says you're going to be on the show today She said just promise me one thing. She said I said what's that? She said all my friends are watching So please don't use the F word. I said gilly. I said I don't use it that often Do I she said dad probably more often than you might think and since that time I I cut it back to almost zero But I still slip once in a while But I still remember that and I remember talking with Bill about it And I told him that sometime in October that we will be down more than 300 points in one day in the Dow Jones Remember the Dow's only trading at 2,700. So 300 points was a huge drop That's well over 10% and we were actually down 16% on that day But that's neither here nor there now the reason why I'm bringing this to your attention is because Bloomberg came on today and they were literally I mean literally Barbie cooing the guy from Pershing capital Mr. Bill Ackerman. I mean this guy has had a tremendous career He's done a great deal. Let me get his this gets get this up here. Here's what they were complaining about Here's here's Ackerman's company Pershing Square And you'll notice here it had the big ABCD up there at 34 It's not trading at 19 drop pretty much in half But you'll notice here that this thing has been going down now You're your job if you're in Pershing Square and you see something going down like this There's got to be a point where you say well, maybe I can do this better myself. I'm not hey He's a good guy. He's a You know, he's a big poker player. I never played at his level before but he's a pretty smart dude And he's been very successful, but boy, they were barbecuing him today What they didn't do is they forgot and of course this was many many years ago And you're only this is like the restaurant business. You're only good as the the dessert, of course You'll notice here back in in March of 2020 when we started the the right after the COVID thing look he started buying this stuff I remember it was $59 he came out and said he accumulated a position a billion dollars at 59 And it went to 120 so he doubled his money on that But they didn't bring that up today what they were doing was they were barbecuing because he was doing poorly with his PSTH or Pershing Square that there's a moral to this story folks Okay, listen to me very very closely sit around the campfire a little closer You got to be responsible for your own trades boys and girls There's nobody gonna be out there to hold your hand Mark Douglas has written two books about that It's learning to be responsible for what you're doing. You got to forget those four major fears Look into the mirror look at that nine-inch cycle from your left ear to your right ear and take responsible for your trades When I send the 24 7 things 24 8 24 the 24 7 charts and videos out I try to bring that your attention the major major supports and places where you want to be looking to go long I try to give you a rough idea what the risk is on it But you're the one that's responsible for it folks We we talked about the corn the corn at the 530 530 level in December corn We're almost to the objective folks were almost $1,500 profit book that if you get it. I mean you don't get $1,500 in corns You're gonna be a farmer for only four days, but by golly. That's a good four days So take that profit and run to the bank and send me my 40% That's a joke boys and girls. Anyway, that's that's what you have to do here a trader You know, you'll be your farmer for a few days now if you wanted to hold that position through the Through the what you call it the growing season, you know, that's certainly up to you But you know, I'm willing to book it. We say the same thing in the crude oil We had a nice buy in crude oil and had a huge move and so you book some of it It's trading just about right where we got out of it So we're waiting to buy it back on a pullback, but as that chance we haven't had that the euros working. Okay Corns working. Okay. We just got out of the silver We didn't want to be in the silver into the the fed time, which will probably be Wild and crazy like it always is but we had a nice profit in the silver too. So that's what we're watching here Okay, now bill bill is expecting the corn to move $30. I don't know what that means Now $30 bill because Hmm Okay, not to worry. Let's get let's move on here to cover a couple other things folks A long time ago Robinhood came out with its uh, what do you call it his? projections this is The get the I'm going to get this up here. I want to explain to you what the abcd is Okay, here's what we're looking at right here This is Robinhood if you remember we put this in here a long long time ago I saved these and we were looking for the market to get down to about 46 Well, it got down to 42 you can see that that abcd pattern was pretty much spot on So all you had to do was wait, of course It's only trading up a few dollars from that now, but it shows you the value of the abcd pattern Now that's important for a couple of different reasons And this is where you've got to do a little bit of homework All I'm going to do now is I'm going to take that same chart And I blew it up a little bit and I put the other abcd patterns that are in here You see those simple abcd patterns that are there that measured to 40 41 81 the low was 42 35 That's how close she came to the actual bottom any anything below 42 Um 43 was actually the bike as you can see that last abcd was right there and we've rallied up to 49 That's why the abcd is so important and there's another reason why I brought this out folks This morning at six o'clock my time I get a phone call from Elliott wave international And it was none other than robert prector calling me up and telling me that by golly That guy gartley really did have something with that abcd And so did men what bandel brought and so by golly, we're going to have to start talking about there more often I almost fainted But then the alarm went off and I realized it was just a dream because that's never going to happen That is never going to happen. So you can forget about that abcd is simple You just got to be able to work with it a little bit But that that's really what it's all about boys and girls. It's nothing more nothing less You can see him all over the charts that we just posted here in the footsie and in In the dachs that we saw it in the robin hood. We've seen the perishing square. It's everywhere We'll be right back eight seven seven nine two seven six six four eight This can rise and fall like the tides Subscribe to basal chapman's newsletter the opening call and you too can ride the wave Basil Chapman is an authority in technical analysis His Chapman wave trading system has been helping traders identify trends and capitalize on momentum in the markets since 1984 tfnn invites you to test basal's proprietary Chapman wave trading methodology with a monthly subscription to the opening call newsletter for only $149 Your subscription to the opening call comes with a 30 day money back guarantee as well as daily market updates on key indexes stocks and commodities Ride the wave sign up for the opening call risk-free today What's separating you from the most successful men and women on wall street, that's right Information having all the information gives us the perspective We need to place the right trades at the right time The tas profile scanner is the premier market profile base scanner Powered by its acclaimed task proprietary algorithms This feature rich scanner instantly filters over 2,500 plus global financial markets such as stocks etf's commodities futures and forex This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades Before they happen for a limited time You can save $100 off your first month by using the promo code upgrade And you still get a 30 day money back guarantee So you have nothing to risk Level the playing field with the tas profile scanner, which you can find under the services tab at tfnn.com Sign up today 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 in 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 3 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 Oh toll free at 1 877 927 6648 internationally at 727 873 7618 Okay, we're back folks, and I believe we have Jeff from Philadelphia in the house today. Jeff. Are you there? Yes, hi larry. Thanks for taking my call What can I do for you my friend? I have a Simple question regarding the butterfly pattern So you have a list of rules and preferences regarding the guardly pattern And I assume that you would want all those rules and preferences to be true Also for a butterfly except of course for the position of the d-point, but other than that would you? Right you would apply all those same rules and preferences Yes, you went to the butterfly Yeah, the key there, you know a butterfly is a a garterly pattern that failed in other words instead of stopping at 786 It's gone up to either 1.27 and a 1.618 the key Jeff Is you must look at how the market is acting as it gets to 1.27 if it gets there with a really strong gap Or a wide-ranging bar most probably it'll extend up to the 1.618 It's okay to do the trade at 1.27, but anything above it I mean just more than just a few hundred dollars You're wrong and you have to try it again at the 1.618. It's a difficult pattern But boy when it it works about 70 percent of the time and when it works, it's it's a real monster So it's worth looking at but you have to be really really aware between 1.27 And especially 1.618 above 1.618 You forget it and goes back to trading cattle or something because this thing will just not work It's got to stop exactly at those numbers or it's no good Okay, and But but the rules of of the garterly you would Want those to apply to the butterfly also like for example the the b-point I remember you want to you want that to pull back to at least a 382 So that would be true for the butterfly also yes Yes, absolutely. Yeah, you have to have the retracement numbers in there. Remember only really looking at the four majors 618 786 and other retracements 1 2 7 1.618 on expansions And so that's why we try to keep it as simple as possible But the rules are pretty much the same because all the garterly All the butterfly is is a garterly pattern that's failed. Right Okay, that was my assumption. I just wanted to uh to verify it Uh, thank you very much. Thanks for calling in. I hope you have your kayak work And I understand I got enough water in Philadelphia to float down the streets. I'm understanding Well then the sun's shining today, so I think we'll be okay. Okay, that's good. Thanks for calling in Jeff. We appreciate it Okay, all right, folks We're going to try to have today will be Stan Harley tomorrow or friday We're going to try to have Jeff huge of alpha insights on but I wanted to post a chart here that I got from Our friend over in Kentucky Hubert centers and it's basically showing, you know, what what happens in a market how Markets move around and you know, we've seen this big run that we've had that we've seen the nasdaq go from 4,000 4900 down to 1500 and 1500 to 15,000 over the last nine years And so the question is is where are we? We're in a new paradigm. Are we In an area of enthusiasm. Where are we within this list? We know we're somewhere But the 64 dollar question is where and that's it. I do know this is how it's going to end The question is the timing of it's going to be a little difficult Now because we're right up at 40 near 4500 in the s&p and the fed coming out today My assumption is we'll probably see some kind of a spike And this this will be some type of a high day coming in whether it's related to the anniversary date or not Or the fact that we had that lunar cycle. I'd have no idea All I know is that these patterns have completed And that doesn't mean they can't go a lot higher because if the fed comes out and starts dropping interest rates to protect the bond market I have no idea if that's going to happen But it could cause a spike and even higher than 4520 or something like that So that's the main thing of what you want to be doing as you're looking at these It's the amount of money that you have to risk folks. That's the that's the whole key You know and I I keep I I harp on that all the time But believe me I said here for three years and listened to mark yell at me and well Not yell at me but chat with me every day about the importance of that and then he would show me, you know on the trading Things from Merrill Lynch that the guys that were really really good at that had You know, they didn't win very often. They only went about 40 percent of the time But their wins were five and six times what their losses were And that that's what you're trying to do is to you know, catch some of those and that's what we We look at when we're watching some of these things. So but you know, it all starts with a bcd And it's that simple if you just do that add a few things practice a little bit and you can get it Don't ever give up no matter how you are in this business If you don't give up you're going to make it we saw that in those those Accounts from mark two from merrill. It's over 10,000 of them The ones that stayed with it for more than a couple years eventually found out how to do it And they were able to do it but new people coming in they're only right about You know 15 percent of the time they come and go pretty good. That's what the people feed off of But we've had so many new ones this year and last year because of the People at home and trading on the internet and stuff We've had a giant number and that that puts us in a real difficult situation in the market folks because these are Unexperienced people and these big breaks that we've had like 70 handles just a few weeks ago In the s&p and then it comes right back and makes news high That's that's the problem because it comes right back And if you happen to be you know long mat and it broke 70 handles and you helped with it Oh, you made a nice profit. Yeah, well one of these days It's not going to come back and that's the one that's going to bite you on your kabuki and you don't want to Run into that. So that's the main thing. We've got mike from california on the line Mike, how are you? Good morning, larry. Nice to talk to you again. I like your word kabuki It's italian word for your bum It's actually it's actually japanese I'd like you to take a look at that tesla and i'm looking for an entry point or somewhere where it's um The risk or reward is appropriate to get in the stock for a long term or trade Okay, you'd like to be a buyer of it Good morning, larry. Nice to talk to you. Pardon me. You want to be a buyer of tesla? Yeah, yeah, okay my my assumption. Let me get this up here and put the chart up It's real simple. Now. I don't know what's going to happen with the market I have a I'm expecting a top in here in the next few days But if we look at this you'll see here. We had a low here the other day at 645. We're not trading at 710 If we clear above 740 We're probably going to go a lot higher, but I I don't like buying strength So I'm I would be really careful right there But if you if you really wanted to buy it and not risk very much the over the last few days I'm talking the last 10 trading days We had a pretty big range and we're already trading above the 78 percent level, which was at 706 so that tells you that it has a bullish bias But what I would like to do if if it were in of course, I buy retracements Mike So, you know, you're gonna have to think differently than me if this market breaks out above 740 You're gonna have to risk about a hundred dollars. Well, not much at risk about $80 if you buy it Remember, it's a $700 stock. So that's not too bad But anything above 740 is pretty bullish because it's it's had this Level here now for well over two months. So getting above it You know, that's it's some really smart people have been buying this and you know, it's not a car company folks It's a data company has nothing to do with the with the tesla It's all about SpaceX and all the other stuff that musk has going on and that's how he pays for it But that's the number is 740 you get above 740 I pretty hard to be bearish Very well, let me ask you what you're expecting for For retracement. I mean pullback and general market. Yeah, stay stay with us here. Oh, I have to tell you It's about 20% Mike 20% Okay, 20% thanks across the indices. Yes, sir. Yeah Thank you. Thank you, Larry Are you having fun trading the markets? 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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, folks. I believe we have stan harley of the harley stock market letter on the line stan. How are you today? Testing one two three stan harley coming in Hey, I think are you there my friend? I am I can hear you loud and clear. Are you able to hear me? Yes, you're coming in great We have a question from one of our listeners to start to show and that is today's the anniversary date of the top in 1987 Do you use any anniversary dates in your analysis? Yeah, I heard you talking about that a little while ago. Yes, I remember that august 25th Not getting seven days as well No, the short answer is no, I don't I am aware of them But larry over the long haul. I have not found anything That I could hang my hat on uh that Showed reversals would occur on the same date year after year or yeah I'm the same way stan. I agree with you not enough there to hang my hat on. It's interesting to note Nothing I would ever trade on for sure I agree with you I did find it very interesting. You were talking a little while ago about driving down to uh, kwh 22 with your daughter Like you I was uh, I was a guest on that same station many times as well I took my son down here to the studio and uh, as you were telling that story I was kind of going down memory lane in my own mind Yeah Member is seeing ed hart and all the gang it was really it was just really really fun. I really enjoyed it then It was a lot. Well ron and santa the whole group. You know, it was just uh, It's great. Okay. The first one you're looking at here is the s and p 500 breaking out at a new high ground Uh, are you seeing any reason here for a 1 sell-off or maybe two down days in the market? Well, interesting. I cut your comments a few minutes ago You are less than positive on the markets and I'm in the same camp as you larry Pinning this thing down to the day is always a challenge Tops Predicting tops is always subject to model waddle And uh tops tend to be protracted affairs that is as the top evolves and tops typically span several months We tend to get thinner and thinner A thinner thinning and the thinning in the advance as fewer stocks and fewer indices make record highs So when you get to the final pinnacle high, you're looking at the fewest number of stocks and indices And that's what I see developing right now. Uh, you've got the down and as in record high ground Uh, as we speak could not sow the dow Certainly not the new york composite and definitely not the dow transports Definitely not the a c w x the world the all-world country index Definitely not visible in the advanced decline data and we'll show some charts on here shortly. So Divergences are popping up And the divergence that matters is is the last one And uh, and we won't know that until after the fact but but I think we are very very close Well, I agree with you. That's like with hand grenades. You just have to be close, right my friend Hold on. Let's take a look here at the dow jones transportation. This is this is lagging badly. I mean, this is not a This is a downtrend It absolutely is and I've looked at decades of topping evolutions Larry and I found that the transports Are usually either the first or the last to top out at any given topping cycle The majority of the times I found the transports are the first to top out So that by itself is not a precise Timing indicator, but it is the first among many divergences that evolve over over time as the as the topping evolution Unfolds and as you can see the transports are gee. They're more than 10 off their former highs Which were set back in uh in early may of this year Well, boy that that is a big difference, isn't it? One of our other listeners is asking A question about Fourier analysis that was Covered in the Hearst book profit magic of stock transaction timing and I know you're an engineer Do you use that in your analysis of these cycles stan? I'm quite familiar with it and studied it when I was an aerospace engineering major in college For market analysis, I don't use it. I don't use it For say I do utilize the program provided by the foundation for the study of cycles which employs Fourier analysis and the extraction cycles And for that it's it's a useful tool What things like you say when tops are harder to find than bottom I think the reasoning for that is that fear is a greater emotion than greed And it's easier to it's easier to calculate because you can you can see fear in the Faces of people greed. You don't see faces. It's more of a blank stare Well, oh, yeah, that's it. That's an interesting Observer that's probably true in some respect But I'm a Quantitative theorist in this business. I want to I want to find the formula. I want to pin it down to a number Wow, very good emotion is something I cannot I'm incapable of calculating Quantitative theorists. I like that. This is good Hey, listen, let's take a look here at your next chart, which is the I believe is it the advanced decline line I think it was wasn't it here? Yeah, it's advanced decline line Yes, and we've touched on this briefly in past talks on the air Uh, I keep track of uh of the advanced decline line and for those people watching who do not know what it is If one keeps a running summation of each day's net difference between advancing issues and declining issues and plots them That that plot is called the advanced decline line And that's what we have here on the screen as a general precept To support the bull market thesis once this one wants to see the advance decline line rising as the market goes up And then as tops are formed. We usually see some kind of a divergence Usually usually The ad line tops out before the the final pinnacle high Sometimes after the fact but probably 95 percent of times the ad line peaks out first And as one could see on the chart here the ad line actually topped out on july 1st Here we are august 27 weeks later And the red is the ad line and the 10 is a 10 day moving average And as one can see we are making progressively lower and lower highs on the advanced decline line and lower lows as well Well, now the oscillator that you're talking about that is a derivation of the advanced decline line so that you can see Yeah, well, yeah, this last chart Is the same data the advanced decline data But instead of maintaining a running summation I take the same net difference between advancing issues and declining issues And I compute a a 10 day moving average and a 30 day moving average And I plot them both on the same graph And it oscillates above and below zero unlike the ad line which just goes up and up towards infinity But as one can see here as this Market advances continue the last several months notice how both the 10 day And the 30 day moving averages have made lower and lower and lower peaks And it's now approaching the zero line and I ran this off about 30 minutes ago You can see both the 10 day and the 30 day are Our 30 day is is just above the zero line and the 10 day component is actually in negative territory So what does that tell me it tells this tells me this market rally is running out of rocket fuel Yeah, okay Now the last time we were on you told us about covid and you said that we were all going to die But you just couldn't tell us when Now the question that we have for you is this going to be increasing? We're going to get one variant after another Do you have any feeling on that being? Well, actually well, uh, actually I did focus on the timing Yeah, I think it's a peek out around the first week of knocked over the bail in All right. Hey, thanks for joining us Dan. We'll have you on again soon. Okay, buddy. Look forward to it, Larry Be safe Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clear water 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 from the price You should be paying per square foot in certain up and coming areas to the type of cash flow Investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call tiger real estate llc today at seven two seven three two nine eighty three twenty two or email us at tiger at tfnn.com That's seven two seven three two nine eighty three twenty two call us today 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 valued 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 dollars and 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? 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We're back and i've been asked to chat about the treasury bonds. I posted the Short-term daily went over the last several months. You can see that that we're in a little bit of a downtrend now We've been down for four days now. We're very very oversold. So we probably expect a rally here for something that the the people might say there from Jackson Hole, Wyoming, so that's a very very interesting Thing to remember. So I saw a segment today on the public tv station that they always Make a big deal out of where the Fed is whether they're in davos or Jackson Hole or wherever those exotic places are they go they don't go to the Tucson holiday and folks Because it's just a little out of the way But they do go to nice places and and there's and there's a lot of you know media behind it Yet, but when the Bilderbergs meet in switzerland, these are the more their more CEOs go to that one than any of the other meetings combined No one even knows where it is and that's because the people that control the media Don't want you to know when those meetings are At least that's what the guy was saying on the pbs station today. So whether that means much or not Let's go back to the bonds here because the bonds are at a very very critical level folks Let's let's look at the history here of this when bonds started trading in 1976 Okay, yeah, Jackson Hole is an absolute beautiful place. There's no question about it I'll have a great Jackson Hole story My nephew that played for the Colt the Baltimore Colts Larry He was dating a girl and they had a home there in Jackson Hole. They were there for the Christmas holiday It's a beautiful home. There were like four homes on this cul-de-sac And they they had a little their own little health club and pool there for everybody. It was like a mini Clubhouse it was a nice clubhouse Anyway, that and my and Larry's really loved kids and there were little kids out there playing in the snow all the time And here he is six foot five And he's out there, you know helping building snowman's and stuff and things like that. And so he uh the the lady Said come on in and have some hot chocolate. So she he goes in and he He gets he gets home and he calls he calls his mother car my sister carla This is, you know call uncle Larry asking him who these people are he's like I've seen him before but But I don't know who they are And so he calls me up and I said well, what were they what were their names? He said, I don't know He said there was a bunch of them there and he started giving me a few names here and there and I said, oh Well, you have to give me more information. So that afternoon He goes down to work out in the in the in the room there and in there was bruce willis And Arnold Schwarzenegger and it was it was the kid the part of the kennedy clan was there And uh, that was uh, that was a big he didn't know didn't know from adam didn't make any difference Which was good. Let's get back to the business here here treasury bonds long-term weekly. Okay, this thing started in 1976 when bonds were trading at 54 now, they're at 165 you can imagine that what's that done is is destroyed all old people's Retirement because that's basically what they've done. They taxed them Saras sarasipus Lee or whatever that big word is Notice the big abcd up there folks back in 2020. That's when they were feeding us. We're going to negative interest rates, right? Well, we went from 192 all the way down to 152 So that tells you and then what have we done now over the past nine months? We've rallied right up to almost an exact 382 at 167. We missed it at 16705 The number was 167 28. We're now trading at 164 And so this is a very very bearish chart folks. This is uh, telling you that bonds topped two years ago And they are heading down where I don't know but my guess is if they pass some of this stuff about 3.5 trillion dollars and stuff and Say what is his name my my my grand my nephew's name greg greg greg gaur Is his name anyway? But he was working out with weights with bruce willis and and arnold schwarzlinger Then he knew who were they were and he told me what it was all about But uh when he was there, he was uh, he saw so many people that he didn't know who they were But he knew they were very very important because there were pictures of them all over the place So that's I could tell another story about being in london With prince edward, but I don't want to get into that Let's move on here to just a minute here. Remember these bonds folks are really big He only he only played for 18. Well two years. He was he was a journeyman player But he made enough in those two years to buy a beautiful house and he was quite happy with it And uh, of course, he still had a lot of friends that were in it in that time So that's it. He was an all-american at indiana. Okay, let's move on following in my footsteps I was all-american in knife and forks olympics. I had an honorable mention bronze medal that I still cherish to this day Okay, not to the next I better stop my medication folks. I started to get a little bit Thank you for laughing marshal and god bless you on your coming surgery for lin. We're praying for you, buddy We're sorry not to see it this month, but uh, or this summer, but we'll hope to see it very very soon Okay, let's take a look here at a couple of things that I think are relatively important in the future I'm going to share you a little christmas present folks. This is a christmas present Get ready for this because if you belong to the 24 7 You got that special report that we sent out and take a look at this is folks This is the old cows right here. This is october cattle now those of you that like a bcd go back to april Okay, you see the high in april you see the low in april you see the high in april you see the low in june Look at that a b equals cd a b equals cd This is really really hard stuff folks because all you have to do At that point is wait for the 200 day moving average to cross the 100 day moving average And the 50 day oscillator across the 25 day oscillator and you got your buy point And you can stay with it for quite a while you could buy more on the pullback into july And now you're up in an area where it's going to be some really interesting things now if you have a real interest in this You belong to 24 7 and i'll show you the importance of that number up there because it's a very very important number So keep in mind that those are the things that are great when I was at direct so They uh that was back in that was from 76 to 82 and in 78 the price of meat was so high We let much lower than where it is now But the housewives were were picking they weren't buying it and yet the prices still kept going up and up and up And part of that was because the feed prices for beans The meal and stuff were were going higher and they were just passing it on to the people They were they were protesting the wrong group of people. So that's it I harp on this ab equal cd forever most people don't pay any attention to it And I guess that's the way life should be but If you really want to make a business out of this look at abcd and that's Put a couple little things with it and you have a pretty good idea What the market's doing because that's all they ever do folks. They just do abcd all the time Here's one that we followed for quite a while. We had a really big one in here just a few weeks ago back Well about a month or so ago Is this layer oscillators and moving average? Yeah, that's me. I do a lot I've already done the oscillators and moving average bow. You missed it. You'll have to stay in for Next time I do it which is in 2046 if I'm still here Look at the three drive to a top pattern there in the hogs up there in june You know defy human nature, you know, look at the time and price. Look how easy that is abcd Perfect three drive high to high to high. I mean it's just amazing And then you come down you make a beautiful head and shoulders pattern Right there at the 78 percent level there at 94 you come down you make another gartley abcd right at the 786 And now you're in between here looks like you're getting ready to get up to that 91 level So that's what anything below 85 would be relatively. Well, we're not we relatively be very nervous We'll take a little break here eight seven seven nine two seven six six four eight 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 Educating investors Markets can rise and fall like the tides Subscribe to basal chatman's newsletter the opening call and you too can ride the wave Basal chatman is an authority in technical analysis His chatman wave trading system has been helping traders identify trends and capitalize on momentum in the markets since 1984 tfnn invites you to test basal's proprietary chatman wave trading methodology With a monthly subscription to the opening call newsletter for only 149 dollars Your subscription to the opening call comes with a 30-day money back guarantee as well as daily market updates on key indexes stocks and commodities Ride the wave sign up for the opening call risk-free today Introducing primal edge today It's even more important to take a supplement to complement your health Primal edge is specifically formulated to boost your immune system and help with weight loss better sleep Stress reduction and the need to detox our early ancestors found all their nutritional requirements in the wild environment But today our food sources don't contain the vitamins minerals and nutrients that we need to stay healthy and strong That's why we need primal edge daily nutrition It includes a special blend of ionic soil based vitamins minerals Fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated humic and fulvic acids Nature's preferred delivery system They've been called miracle molecules because like sunlight air and water without them life cannot exist That's right ellen. They ensure we receive all the nutrition we need to be healthy and thrive We take it every morning primal edge just 89 dollars exclusively at tfnn.com Hi folks, this is Steve Rhodes. Stay tuned for another great hour of the trader's edge heard here at tfnn.com Nothing better than have mr. Z at the end of the show. John. How are you today? Larry, I'm doing very well. Thanks. Tell me on silver. Please come X over Yes back then on sunday the 8th immediately reversed It hit the exact abcd target going lower And now we've just gone comatose and I know how you trade But let me say let's take this hypothetical That uh, you've got a gun to your head And if uh, September or december silver by the way, we need to roll to december by uh, the closed tomorrow afternoon But if we get over the highs of the past two weeks And you chase it on a break over those How do you handle the long position is my question and and I this is all just theoretical, please Okay, john. First of all, if I chase it don't listen to me anymore because I don't chase markets I don't I won't I will not and I shall not and I cannot I don't I don't know where and you know, I used to sit here with mark and I tell this is breaking I said, why don't you buy it? I said I don't know where to put a stop He says just pick us and he would say just pick a spot. He said it's going higher He said it's above the seven eight six. He said buy it and I said, well, I never did so I I'm a very I'm a very poor break. In fact, I was we were just stopped out of our silver That we bought down there. We made a little over 60 cents in it but we got stopped out on the low tick today And uh, it happened to be a perfect abcd But when I put the order in I I just didn't I didn't know there was going to be an abcd there I just knew if it went below You know the 60 level 23 60. I didn't want to have it. It happened to hit exactly 23 60 And so I'm out of it waiting to see what's happened, but it's acting a little It's not acting nearly as strong as gold You know silver should would be way above 24 cents run 24 50 if it's running like what gold is but That's not it But you know, it'll have some wild action just because of the Federal Reserve here in an hour Well 15 minutes. Hey John. Thanks for joining us, buddy I uh, I did my best to get you to try it. Okay. See you. Bye. Okay bell. Bye. Bye