 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, look at Lewis. We're going to start the show today as we usually do with the German Dax. We're going to do it a little bit differently today because we're going to use David Weitz and Tom Mulbrine's program charting the market and you'll be able to see this shows a really nice cell garly in the Dax whether it works or not, who knows but it's a nice pattern. The next one we're going to show is a really nice one and that's the one for the silver. It's called SIL, the ETF for silver and we've had a pretty good move here and gold $14 here in the past 30 minutes or less. So they're moving around quite a bit with this one here. I would like to mention one thing I'm quite sad today. I was up most of the night I was baking a cake. I'm sending it to Felicity Huffman the actress that was just sentenced to prison for all of the things that she did to get her child that she loves so dearly into a major university giving a half a million dollars to pay off some officials and cheat on some tests like that but they've really threw the book at this young woman. I've been really shaken up about it I just don't know what to do. They gave her two full weeks folks in prison. I don't understand why it was so much. I was thinking more of three to four weeks ago. I was thinking about it. Unbelievable. Oh boy anyway we'll just move on to the next and then they wonder why people get upset in the world when they see stuff like that that's going on. Okay let's move on to what's happening in the market. Well we're not the only ones with fake news folks. Let me show you what just happened. Let's get off the train. Let's move this up here. You'll see this is the British pound over the past month. You'll notice that we had that beautiful 61% retracement down there at the 122. It was kind enough to stay there for three days. Not going below it. Gee what were they trying to tell us and from then we've gone up and made the exact decision just about a half hour ago when Boris Johnson said that the Irish people had whatever the I don't know the politics behind it but they had decided to do it and then ten minutes later the Irish Prime Minister or whatever her name was came out and said no no no no we didn't do that at all. That's not true. Whatever happens over there just like what happens over there. Let's get back to questions this morning folks 877-927-6648 we'll see what's going to be happening. One something big happened folks I think yesterday probably doesn't mean very much anymore because these things run by themselves but if you remember let's go back here just get back here to fact I'll just do the note since we're going to be talking about it here right now. We're going to be talking about what's going to be going for a rally and if you'll notice yesterday we made a perfect double bottom down there when the bonds made a new low the bonds we had that really nice Gartney there at 160-25 and it gave up the ghost really quickly you should have lost about eight pips on that very very quickly and then it went all around. If you look up at the very top up there where it says open interest dropping when this market was screaming up guess what's open guess what's open interest is dropping now I'm going to give you a slight hint the first deal for the first letter is the e and the second one is s it's a e mini s and p it dropped open interest on both Monday and Tuesday in that big run up there's a good sign for the polls but it don't make any difference because if the feds in there pump a new wagon who knows what's going to go up we'll have to keep a very close eye on it. All right let's move on to the next one that we want to talk about here for just one second and that just want to give you the British pound on the little bit larger time frame we were watching it here you'll have a little bit of news letter last week and then we updated it this morning we did get the exact number one twenty eight forty today and not only that folks if you look at this and study it for just a minute let like twenty one says defy human nature go back and look at the time frame between December and March hmm how much did it go up gee whiz let's see it went from one twenty four all the way up to one thirty three one nineteen whoops to one to one twenty eight up nine points what a big surprise this goes right along with Dr. Andrew Lowe's book that said the markets not only do they repeat they do it with relatively frequency and by golly you're seeing that same frequency now and you're seeing it with the ABCD format and that's the you know that's what we try to look for you don't know if there's going to work or not let me look at the platinum ruby but it's not going to be yes it's going to be updated for you Ruby because I've got time to kill and we got time to kill and we're going to bring this little puppy up here one one second at a time here let me get the old plutonium up here for you and this will give me a time to take a break since hold on PL is platinum right yeah there we go let's get the old daily out here and we're going to get this up here it's on it's on life support Ruby but it might make it this is an important day today we went right down to that 880 Wow this is what we talk about let's get this up here so everybody can see it you know what I've got to do folks I've got to send it to myself first and then send it over to TFN and so give me a break and I will get this up here very very quickly this one's got a really big one come on now Larry just give myself a break here and get this little thing going here and maybe I did it the wrong way shut the front door and raise the rent well let me do it the old way here I can't find the darn thing now shucks alright let's get it up here Ruby you'll be able to see it come on it's got to be here I just sent it to myself come on Larry all right here it is right here let's get this up here too so we can see it together right now upside target I think you should be worried more about a downside target because we went down to that 880 that's that really important support level and we're trading just a little above that below 880 I wouldn't want that if I were you but that's I that just you know this doesn't seem like a lot of upside movement that that's my that's my guess I don't I don't know if that's going to be the case but that one three five pattern is a good pattern I mean I don't see any reason for that oh I guess what I found it I found it I found it just the second this takes me a while I got so many charts on this darn thing to show you guys that there's the one three five you see it's held those lows as long as it stays above 880 it's got a lot of cash of that nature it's not moving much let's put it that way 8779276648 if you're not currently using the Taz profile scanner when looking at setting up your trading opportunities then your arsenal is short a mighty weapon the Taz profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets that just stocks ETFs business. 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TFNN has launched our brand improved homepage with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions we even have new pricing in six months and yearly options check out the new TFNN.com now and experience all the upgrades TFNN.com educating investors call now toll free at 1-877-927-6648 internationally at 1-877-873-7618 okay we're back folks and we are going to take a very very hard look at the Euro here for our good friend Theodore down in Houston and he'll look at this this is very interesting as you remember we were trying to buy the Euro at 109.85 well boys and girls believe it or not it went down to 109.89 and left the train without me and a few other people too and what did it do it went right up to the number we were looking at which would happen once before at 110.63 we hit it again last night and we're trading you know around 110.40 right now folks we're in a situation if you stop and think about it just a second and that's what we're going to do right now here we've got this Euro in a really tight trading range now between 110.60 that's an 80-point range that's the basically the harmonic number in the Euro so it's going to break out of that range very very quickly well that's my opinion and opinions are something that everybody has one that usually smells but anyway let's remember now we just looked right before we looked at the Euro and the Euro is a really great thing to trade folks it is the greatest thing to trade there's nothing better because they trade a trillion dollars a day there's virtually no slippage hardly you'll almost never see a gap well there it goes it'll be one tomorrow but it doesn't gap very often and your slippage is great and profit potential is good the patterns work relatively good but they work relatively good on any of them but since we started this show just 20 minutes ago I've pointed two of the larger ones the Euro versus the US dollar and the British pound versus the US dollar and you notice both of those completed patterns the pound at the 1.2840 and the Euro at the 1.1063 so that tells us until we get out of those ranges it looks like we could be looking at some continued strength in the US dollar but any moves above these levels with strength and some power you've got to get it moving you've got to get the players in the game to tell us that the US dollar is going to weaken and then we're going to be looking at a different situation in a whole lot of other things that's all I know someone say Mr. Z said in 2990 anyone have a crystal ball telling which the next hundred point move in the crystal ball will be I wish I knew my friend I wish I knew but who knows it's always related to the last tweet but let's take it we're talking about the dollar I want to bring the dollar up here to show you where we are because we're still setting it at the same level folks there's nothing really dramatic happening right now we have held that low and as long as we can stay above that 9780 level I believe we've got a chance here to see if this thing is going to move or not but it's at a real critical level there's no question about it I'm sorry for the frog folks but that's the way it is sometimes so we'll take a quick look at actually I'm still shook up about Felicity Hoffman getting such a terrible sentence almost as bad as the guy in Chicago that Jesse small at I mean boy that they really whack into these folks nowadays you get somebody in South L.D. South Los Angeles to steal a bag of potato chips and he gets 30 to life alright let's move on here to the next one here that we're going to look at I say I covered the silver I covered the dachs I will really big one oh my goodness we've got one we've got one lined up like a Christmas tree folks let's take a look at this this is a crude oil might not work but by golly this is mother God and country I've got a pet frog Terry he's sick too I'm not actually sick I just got a ratchety throat you'll notice is the crude oil on the daily you see that strong support that's sitting in there that we've hit it three times at the 618 that must mean something we were at 54 91 now we're at 52 and change but let's see where we are this morning as we come in here looking at this on a little bit tighter time frame now those of you that want to see these ahead of time you should subscribe to the 24 seven because I send these out you know long before they come out but if you'll notice here we got some pretty strong support at 52 20 in the crude oil down here boys and girls you look that you got a really nice 135 pattern it just says it should be today it's a 30 minute chart so whether that means much or not I don't know but that's what it looks like anything below you know 51 70 would certainly not be a very good very good thing to look at so we don't want to we don't want to mess with that you remember about a week or so ago we were looking at one that looked real interesting from the buy side and we get this up here take a look at it that is the old natural gas and you'll notice now we're up to 237 right now the 78 6 of the high on the tick temper the fourth and that's been a pretty good move that should start to have some type of a correction from this level or just going to explode to the upside even more but we'll do one thing at a time someone's asked the question about that open interest open interest means folks for every buyer there's got to be a seller at the Chicago Merc until exchange and if prices go up and the open interest drops that is short covering because new buyers are not coming into the market ordinarily that is negative I showed you the chart of the notes when that was happening I'm sure to do you know the things too but sometimes it doesn't work just like everything else it's something to pay attention to but that's neither here nor there that's the main thing you know that you want to pay close attention to so we'll watch it close someone asked the longer term projection in the gold and the silver folks I have to stick by the old projection that we talked about just the other day in the gold market and I believe I have it right well let's do silver here first yeah because I've got silver right on the line here let's get this one here is this right hold on a second yeah hold on there we go but you can already see platinum but here's the silver market silver just seems to me that it wants to get down a little bit lower down to that level of around that 660 to 650 that's a 61% retracement that's what it looks like to me we rallied $15 here in gold but that's that's a heartbeat you know the harmonic number is 17 so that's half the harmonic number 17 so that's pretty close to that and it happens very very quickly that's all short covering usually when you see something that fast and it doesn't go anywhere from that level so that's neither here nor there no guest today folks so if you have any questions it's 877 927 6648 and we'll try to answer them for you the best we can we get back I wanted to spend just a moment chatting about the bitcoin you betcha S&P we can do that right now the old bit we've got it right here it looks like it's ready to take it in the bit if you want to know that thing here is it's still falling you're not getting it don't look too good no this is not good you see all that long sideways action between the 23rd and the 14th this last 10 days this is not it's either good basing action here but the fact that it's at the double ABCD does give it some credit but that old low down there at 7600 way back on June the 10th if that's broken you'd be looking at 6000 or something in the bitcoin but that's what it looks like right now it doesn't have the power we'll take a break here 877 thank you Larry Pezzavento has just started his brand new service Fibonacci 24-7 and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends each Monday you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out and throughout the week when warranted Larry will send out via charts or videos or both the key markets that he is watching during the day this will be up to the date active trading information that will help you in your daily trading in Larry's first week alone he sent out 25 charts, 6 videos and a full report to his subscribers in just one week if you're a technical trader 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progress made on brexit that has spawned a very real rush to the upside taking the Campbell smack into the box making the 62% retracement of the bear run that began in the spring last year at 134 remember when brexit hit in June 27th we were at 150 I remember that very vividly because we had put a sell out on that thing at 140 990 and it went up and hit it there was a 63 excuse me 61% retracement ABCD on the weekly and it turned out to be the best trade for the rest of the year as I recall because we we took about I think at the 19 points out of it which was pretty good of course we left 9 on the table which is you always leave some on the table remember the four fears fear of leaving some on the table we always leave some for the other folks that are out there playing you're never going to get the high tick folks unless you're lucky and you're always going to miss some of it and you're always going to take losses and you are going to make be wrong all you got to do is take responsibility for that and then not worry about the rest of it that's the main thing you know to pay very close attention to I think there's another chart here that Dennis said on that we're watching very very closely because there's a really good chance that this one could be really a big one that is if you'll take a look here at this gold chart that Dennis sent out it's basically just simple technical analysis you can see the channel lines that are in there and you'll notice at the time that is in these moves this is some of the things that we're looking at and that's why we're trading it a lot what we're trading right at right now around 1487 right now and I'd like to see it get down one more time to 1460 that would make me a very happy camper that would complete those of you that got the video last night that I sent out there's a lot of stuff that's down there at 1460 and I don't know whether it's going to get there or not but we'll see but it's very very interesting that would line up pretty nicely with that silver one also so we'll watch that as we as we go through we've got another one related to the these tariff markets and things that looks relatively interesting and that is this this is the March soybeans we're in the midst of the last part or the harvesting now we've completed that big ABCD pattern we made a double top and we've been up like 11 12 days in a row that doesn't mean it can't grow up 18 days in a row but that's completed so that might mean something as far as the market moving in that direction for a little bit longer I'm not nobody else is either so those are the main things that we have so if you have any questions I'll be more than happy to answer them 877-927-6648 I wanted to talk just a tiny bit about a couple of these Fang stocks folks these stocks these stocks don't look very good let me tell you folks here's Facebook even though they've had a little bit of a rally I mean they really really some of them look bad and the worst one of the whole bunch is Amazon well Netflix is not much better let's get it up and take a look at it but you'll see the Netflix is looking very badly Google looks a lot better than any of the others but the worst one of the bunch is by far Amazon let's get it up here and you'll be able to see this one is this one's going to have to get some type of a buyout or something because this doesn't want to go up very much I mean we had a big rally yesterday as I mentioned the open interest in the S&P did drop both on Monday and Tuesday on that big day with the Dow up 420 points the open interest actually was a tiny bit higher in the Nasdaq the Russell and the Dow the Dow is the least important of the four the first is the S&P the second is Russell and based on this on open interest of course the third is Nasdaq and then the fourth is the Dow Jones it was the smallest open interest I think of about a thousand the Russell was a little bit more than that and the Nasdaq was almost unchanged so there was nothing it was the S&P which has 2.7 million as the open interest as opposed to the next one which is the Russell which has about 500,000 so that's the big difference it shows you that you know there was players that were leaving the market in the stock indices futures at least for those two days now whether that continues or not open interest could come in any time and make this thing you know move up quite a bit so those are just a few of the ones that were you know we're keeping a very close eye on here this morning we had one other there was one other thing that I wanted to cover and I cannot remember what the doggone thing was shut the front door and raise the rent the old memory lag is just not getting what it was let's get to this level right here this was this chart pattern that we had in the S&P now let's just on Monday of course let's just see on last Friday we had I don't know it's all that stuff I don't know what that is David I guess that's all of the things that are opening this morning okay this was that hanging man and we immediately went back and took out that high on Friday which was a very big big movers okay thank you very much David how do you figure out oh they must tell you what the volume is on these beforehand to see what's going on well one thing at one one or the other oh we're opening now let's just see how the market's opening here we sold off a little bit let's see the gold's down backed off about five bucks oh dear let's see what's happening here we got a couple of good ones in here what's going on here ten four ten four alrighty let's move on here to give me one second folks I have to I've got a couple orders in here that I think are real interesting and I want to make sure that we are in place here for some of these things alright this first we dropped from 90 we dropped ten points in the S&P right after the they'll rally that one back and you know that they do that all the time in that first opening part of that first 45 minutes of trading anything could happen you know during that time so we'll we'll see whether that means very much or not okay the bonds now where bonds are getting down to test that low again down here one one uh 59 uh 24 folks boy if it gets below that actually it's not gonna look too bad that bond is making a it looks like it's making a double another double bottom in here just with the little cd pattern to me folks it's gonna be important bottom to watch at 159 24 because the the notes are acting much better than the bonds they're really holding up a whole lot better so that's the key thing frankly the one that interests me the most of anything today is the fact that if this British Pound gets screaming above 128 40 this is going to be a you know gonna be a real interesting one to watch you know because it's uh it's had one heck of a move we went we hit 128 40 and after we hit that 128 40 uh we dropped all the way down to 127 20 and dropped over a hundred pips which was it would have been your first your first profit objective let's take a break here folks 877 9276648 if you are in the cd market and looking for a secure investment the Tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in st. 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To obtain a funds prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com a funds prospectus and 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 investors such as traders and active investors distributor for side fund services LLC the bull bear trading hour with Tom and Tommy O'Brien next okay we're back folks and I believe we have Mr. Z on the line John are you there Mary I find you in the same camp as me not knowing which way is that next 100-point S&P move so so in lieu of coming to answers for that question I thought I'd ask you if you could just as a tutorial share with us the shorter term S&P charts that you're using you know be the four hour one hour shorter term charts that you'd be using to set up trades either longs or shorts I'm frankly right at this moment at a loss so perhaps I'm not the only one perhaps you're going through that exercise would be of help to somebody besides me well John I will tell you this in the land of the blind the one eyed man is king and I have a patch over both eyes so let's take a look I posted it here in the room so you can look at over the last four days we went from 290 down to 2990 down to 2952 from there we rallied 50 handles it was an ABCD structure 382 pullback Tuesday morning and in a way it went and we went up and then last night we sold off to a 61% retracement of that low from 2974 and we rallied up to the 61% retracement at 2998 so we're in the tight trading range right now it could go either way from here without any trouble the only thing that I'm concerned about from being on the long side here is it open interest is dropping on big days like this this is not good because that means the restaurant is full and nobody is ordering food so you've got to be careful because we've seen this in gold we've seen especially in treasury notes and treasury bonds just a month ago we were talking about it just about every day and a few people listen to it and when open interest is dropping that just means there's not people coming in and it used to mean something whether it does or not I don't know the key figures today would be 2974 that's quite a ways down considering we had the run but these markets move you know on the slightest little twitter or whatever it happens to be but that's what I'm looking at there should be some resistance at around 2998 and some support around 2980 is what it looks just for early today anyway I hope that helps I don't know if it does or not but that's what I that's what I'm seeing here are you seeing anything different John what is it that you're looking at no no no I Larry I've got I've got the one patch okay well minds over both eyes so I'm a little easier for me no the answer the answer is no I've got nothing intelligent to add and I do appreciate you just going through those words and looking at your charts here in Tiger TV and I do find that helpful just seeing the thought process yeah and the only thing that's obvious to me here of course is we've surged up the the S&P cash as we're going back a couple of months but that July 26 I was 3028 and then September 19th high was 3022 and we haven't quite gotten there yet but you know we're very close bottom line is we've gotten up to here multiple times and of course you know I've just learned as a trader when you get to an area prior highs don't guess it's going to jump the creek jump over those let it do it before you get all you know all lathered up about it so so other than and of course those observations offer you nothing as a trader I understand well actually John because if you're looking at the S&P and the Nasdaq you're only looking at about 100 stocks that are making this stuff go up if you look at the you know the broad market the New York Stock Exchange index and the Russell my goodness they certainly look far from bullish you know so it's really just a one tier market it's those stocks in the S&P and the Nasdaq the high price ones that are keeping things up and frankly the stocks are the fang stocks they don't look very good and they've been the leaders all along only one of those fang stocks that looks good is Apple and it's made a double top with a double you know with an ABCD pattern so I hope that helps but anyway that's what I'm seeing I'm going to switch topics on you and just ask you about the notes and the bonds and of course you went through a discussion that was previously but you know that lasts more than a month or two is lower and I have to go with the big monthly chart you know I've posted many times on the S&P the Dow Jones it's made a major one two three four five expanding triangle three drive to a top it's not taking it out you know that came in at 3025 in the S&P we take that out you know it's going to break a lot of technical theories for me but those patterns fail I mean they don't feel often but they do fail but so far it hasn't failed it's just jumping around in between and the fact that that open interest dropped is very important for Monday and Tuesday I mean they had every reason to bring in a lot of people and instead of people coming in there were people leaving that's a question mark if you're long because you want to see a lot of players come in like we saw in the gold market there were always players coming in up or down they were in there you know buying like crazy but this is what we're seeing right now in this so whether that means much or not I don't know okay we had another question from a caller in Miami and he was asking about the London seminar that we did on September I don't know is he on the line or not hey how are you this is this John right yes yes how are you Larry very good what can I help you with there are two things the seminar that you did in London with the gentleman I think it was yesterday or the other day you spoke about Tom Huger I think it was yes uh huh is that seminar going to become available to purchase or review I think so I don't know for sure Tom Huger handles that I will ask him he'll be on the air next on the 23rd with me excuse me on the 22nd next Tuesday and then on Wednesday David Paul who helps help to do the seminar he's the mathematician and psychologist he'll be chatting with us too but I believe they have it they have an audio version of it and they have all the charts and everything so it's it was two full days so it's a lot of material but it was really a lot of fun we had a great great time and we've we've been doing some you know some of the trading with it it's been working pretty good so we'll see how this unfolds but it probably will be available my friend but I'll let you know if it is of course okay and can you tell me um it'd be really cool if on YouTube you guys can put the dates that you have some guests on so when you go through the YouTube channel you can see who's talking can you recall when was the last time that you had um uh no one's here on your show so let's see if I can find the recording Norm was on the day he was on the 10th he came in the day before the uh that thursday before the uh full moon he came on the 10th okay I hope that helps I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets the author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll 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help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors since 1984 Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion well originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices in most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman Wave sequence using the Chapman Wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call 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 ok folks let's do something a little fun here towards the end of the show here we're going to bring up something that we talk about once in a while and that's the old artificial intelligence program and I'm going to do a quick little review here hold on one second here be patient and I be right with you and we'll see if we can get something up here that will be fun to look at don't trade off of this just look at it for general education purposes trading can be dangerous to your health and wealth so make sure you don't do anything like this until you understand what the heck you're doing and that might take about 7 or 8 lifetimes this is a rough idea a little more than rough of what the euro with the British pounds should be doing today and if you'll notice it very closely at 10 30 in the morning which is exactly half an hour from now keep an eye on that British pound and see what happens who knows as Eve Gold works in the mind of men what was that that was the what was that one what was that some of you people remember what was that when I was a kid that was the what was that no evil works in the mind of men oh what was that the shadow God bless you Bill you have to be my age to figure that the shadow knows you got that I can remember setting in front of the radio with my grandma I lived with my grandma from the time I was 3 until I was 7 during the well but we always used to listen to the Lone Ranger and the shadow and the Boston Blackie that was one of my favorites and it was always a lot of fun boys and girls we are going to have the end of the show coming up pretty what evil lurks in the hearts of men that's exactly what that was well the one I remember the most was John Derrick and knock on any door and you got live hard love hard live hard die young and make a good look good looking corpse that's the actual motto of the Navy seals so we'll we'll see whether that's going to be the case hey thanks for putting up with me today folks we'll try to get you back on track tomorrow watching these markets whatever they're going to be doing keep your stops working only take the winning trades that's the real key to being successful in the business just take those winning trades so live every day in an attitude that's what we're going to do and we'll see you next time bye