 10-4. Okay, shut the front door and raise and rant. Technical analysis meets technical expertise and technical expertise always wins. Okay folks, this is Billy Ray Valentine coming from you from the offices of Duke and Duke 100 South Broad Street Philadelphia, Pennsylvania. The first chart I posted today was for the S&P 500 making a very, very powerful move today. Getting up into the little above the 61% retracement up there at 4428. The key today is where it's going to close. We have a lot of people looking at both sides of the market as they should. I do want to mention a couple of little things here today, and that's about the state of the commodity markets, folks. We have some of these that are really dire straights, and I want to bring one to your attention because David White asked me to bring it up, and that is the copper market, which we've been bearish on for quite some time. You'll see that we made that guardly up there at the 462 level. We went all the way down to 397, 396 last night. We've rallied about 14 cents. That completed the big ABCD that measured the $4, so we should get a rally maybe as high as 420, which would be a 382 retracement. But boys and girls, if you're in futures, you should really look at what's going on to all the commodities. Do you know what? Because they do not look very good given the fact that all we've heard about it is all these supply problems and everything else that's going on. Some of these are just not looking very good. They really are not. Let's take one for example, that all of us use. It's a largest single crop that we have in the United States. It's got the most bullish fundamentals that we've had in corn in the last 10 years, and you'll see this happens to be the Christmas corn. Yes, Marshall is saying maybe it could be deflation. Well, all I know is that corn topped back on May the 7th, and we've made lower tops ever since then. So it's been in the downtrend. You'll notice that we just completed a guardly here. One second, please. We just completed a guardly here, you know, back on August the 12th with that really bullish report. And what have we've done? We've dropped to almost 70s. Well, we've actually dropped 70 cents a bushel. Now, maybe it is stagnation. I don't know. But all I know is that you're seeing it in just about everything that we look at. You can you can see it in just about. Well, you can see it in just about everything we're looking at. Okay, let's take another one. They told us the wonderful situation that was going on in the crude oil market, how crude oil was going to go to $80 a barrel or $89 a barrel is Goldman Sachs told us. But look at the ABCD structure here. Since July when we had the three drive to a top pattern up there at 77. It's a it was a beautiful three drive, perfect ABC measurements and everything like that. And now you see we have we broken below $62 today. We got down to that 1.27 expansion. Just a little below the $62 level. We're very, very oversold. We're down eight days. So we should be getting ready to see a rally. But boys and girls, you should really do yourself a favor and go ahead and look at other commodities. Take a look at the 24 seven newsletter. If you get it, you'll be able to see that many of these things have been in downtrends for quite some time. We highlighted coffee this week. Do you remember the coffee freeze that we had at $2 $2,020 a pound? The market broke down to $1.70 and rallyed 10 days to the 38 to retracement to 190 and now it's trading below 180. It's telling you that's what you're looking at. We'll look at Jimmy's asking a question here. I mentioned the port the important of the $23 silver. This is the $23 is a very important level in silver and it did break it and then it recovered quickly. We'll look at silver here in just a moment right after the break. Jimmy, I'll put it up. I haven't actually I was so tired from the thing yesterday. I mean, had such a great time for five hours. I mean, we had a really good trading day that we started out with the $300 loss in natural gas that right on the low tick and it immediately rallied almost $1,800. We had other trades. We had a couple of break even trades that would have made a lot of money. But like I said, I was trading defensively. But we ended up making a little over $1,000 on the day, which was pretty good. And we had one loss to two three break even and two profits. And we had a lot of fun. It was fun. Thank you, Marshall, for your thing on the crude oil, the crude oil folks. I had an order setting in two ticks from the low of the day and I changed it to three ticks. And it went down and missed my fill and immediately rallied $1,500. And I should have really poked some fun at myself on that one. But that was at least we were seeing how the numbers worked. And that, you know, from my point of view, the best part of the class actually was when I see people like Marshall and Billy and Bill, Mr. Bill and people kicking in about, you know, what they were doing and what patterns to look at. They were seeing the same things that I was trying to teach. And then when you pick it up, I mean, people picked it up really quick. The new people that were in there must have been really, really happy because I got more emails about that than I did any of them. And so it made me feel really good. They said they really enjoyed seeing, you know, combat action. And that's what we were looking at smaller turns, but they were good. We'll take a look at that silver for you, Jimmy. When we come right back, 877-927-6648. Markets can rise and fall like the tides. Subscribe to Basil 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. TFN invites you to test Basil'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-based scanner. Powered by its acclaimed TAS proprietary algorithms, this feature-rich scanner instantly filters over 2,500-plus global financial markets, such as stocks, ETFs, 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 8.30 a.m. to 4.00 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. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Okay, folks, I posted the chart of the hourly silver, and as you can see here, we did go down below 23. Jimmy, I stand corrected. I meant $22. And the reason why that's the that's the low 2210 is the low on the weekly. You know, that's the big, big pattern that we've been watching for quite some time. We bought it down there. It had a good rally. We got out of it 2360 only because it was acting so poorly related to the gold and we're standing aside right now waiting to see what the next step is going to be. But it did get down there and it came back very quickly. We went down to what 80, I think 83, we rallied $0.35 and $0.35 in silver is, you know, $1,500. So that is a very substantial move. I want to cover, I've been talking, you know, about the possibility of a correction in the stock market for several weeks now. We've had guests on that have talked about it. I don't know if it's going to happen or not. We're having this big rally today. We've been down most of the week that looks like we're going to close the week on a Friday on an up move unless we roll over here the last few hours. And if we do, and if we close below the lows we made two days ago, just get ready on Monday because it's going to get pretty nasty. We're seeing one market that we've been following for a very, very long time because we have friends and relatives and students and everybody over there. And that is in the Hong Kong market. You'll notice here the load that we made back on the 27th of July. We had that beautiful 61% and 78% retracement. You can see by the dark lines that we had there that said that we're probably going to get a rally. We had double ABCD patterns there. And all we did over the next two weeks was rally right up to a 382 retracement. And if you bothered to do the work like many of our friends over in Hong Kong did, they can see that the rally that we had from that two weeks was equal to the rally. The same number of points that took one year to form from February, well, nine months from February of one year into August of the next year, it rallied well over 200 and some Hang Seng point, 2,000 points, and then broke down. Now, if you look at the ABCD structure on this, this tells us that we're getting ready for a 10% move down in the Hong Kong market. And we're hearing all kinds of news about how China is clamping down. And if you believe any of that, you know, I think you should listen at your own risk because the stuff that we hear in the news in everywhere is just absolutely amazing. When I look at the, and I'm not, I'm not trying to be political here, but when I see the news and everything that I see on the news, and I don't watch much of it, I watch maybe 20 minutes a day just to see, you know, if anybody famous has died or something like that, what all I see is the barren structure of Afghanistan and all the people yelling and screaming and falling off of airplanes. It's just file footage over and over again. And then you hear reports of people being massacred in the streets and stuff like that. Folks, just be real careful what you listen to and what you hear because I believe nowadays that things are structured to try to convince us other than way things are, whether that's with COVID or not, I'm not sure, but here in the United States we're hearing a lot about COVID, night, COVID variant, what it is, but in the UK it is really, really rapid and they have 80% vaccinations. And so I just be careful, watch the charts, that's basically it, follow the money and that'll give you a pretty good idea. Now just to give you an idea of follow the money, a long time ago in one of the shows, I'm not going to bring this up because this happened a long time ago, we were talking about Alibaba, that's Jack Ma, he's the Elon Musk of China, well I don't think he's like Elon Musk, but he's considered the Elon Musk. You can see the three drive to a top pattern we had in October of last year that gave us a price objective of 172. We're now trading at 161, as you can see, the market has been in a very, very strong downtrend for a very, very long time and they've been pitching us nothing but bullish news in this. They finally capitulated yesterday and today on Bloomberg saying that maybe the pundits were wrong and maybe it's not as bullish as it sounded. Now if we take a look at this on the long-term weekly chart you're going to be able to see that it was actually, you know, telegraphing that that's where it wanted to go, you know, way back, you know, in early last year, in January of last year it was saying that ABCD pattern we have almost a perfect 61% retracement and now we're down below the 78 and so who knows where it's going to stop in here. So that's why I'm a technician, folks, because I don't believe anything that I hear, hardly anything that I read, but those are just a few of the things. I'm seeing so many things in the commodity markets. I mean just look one after another, folks. It's not just the it's not just the corn. Take a look at this one here. This is soybeans. I mean we're in the middle of the time when soybeans are, they should be popping because of the of the of the weather and everything, but look at it. We're breaking down below the lows that we had in July and the lower look you can see again lower lows and all we've been hearing is that this wonderful crop stuff and we have these really bullish crop reports and what happens here. We had one just the other day four days ago the market rally dollar a bushel boom now we're down below those levels. So somebody is in there selling who it is. I'm not sure. I'm just bringing it to your attention to be to be aware of it because maybe the inflation scenario that they're trying to lay you know feed us with is maybe a little bit of cannon fodder and you don't want to get involved with it. So do the work yourself, you know, practice doing these things and you'll be fine. I was hoping to have Tim Boss as our guest today, but he's getting ready for his big again thing and his presentation. So Tim's going to join us on Monday. He has just been absolutely really good. We've had you know four guests on now that have been warning us about the possibility there's something not right in the stock market. We had Stan Harley on this week, Jeff Huge and also Tim Boss telling us that you know things are not really the way that they look and we've always mentioned I'm going to bring this up because this is an important thing because when you see more stocks declining than advancing while the indexes are going up remember the indexes are only a few. In the NASDAQ you're talking about 20 stocks okay and the S&P you're talking S&P 500 you're talking about 50 stocks and the Dow Jones you're talking about 10. Now the Russell has been weak and they're having a pretty good rally today it's been over oversold so we're due to see something like that but pay very close attention here because we could be starting to roll over and we want to be able to do that. Now one of the things that we talked about in the show yesterday that Marshall Mr. MR was kind enough to forward to us this is from the Elliott Wave folks and basically what the Elliott Wave people are talking about here as August being the trend killer in other words the period from July 8th to December 3rd has killed eight of the stock market's longest and most dramatic trends in the past century. August 24th 1921 was a major bottom September 3rd that was the all-time high that stood for 37 years. July 8th was the bottom this is what we call the Basil Chapman bottom for five years or more than that for 15 years I thought it was July 5th and finally Basil convinced me it was July 8th August 12th I've talked about that before I thought it was August 9th I think that was the Dow bottom but the S&P bottomed on the 9th that day I believe. August 25th was harmonic convergence that was before the crash of the Dow Jones August 25th 1999 22 years later it was the all-time high in the Dow Gold relationship. September 1st 2000 was a major top in the New York Stock Exchange Composite and then in July the 19th 2007 was a major top in the Dow Jones also so those are just a few of the things out we just use that as historical that's it we'll be right back 877-927-6648 Are you having fun trading the markets but having trouble finding like minded individuals to discuss your trading and investment ideas with? 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rally 80 more points in the nasdaq possibly because we are already above the 78 percent level and in fact we are i think we're above the 786 of the whole move if i'm not mistaken oh we're right there right now we're sitting right at the 78 percent level at 15,074 we're trading 15,055 so that's pretty interesting but the main thing let's just do these together because i think it's something to take a look at but this market should do this folks it's been one of it has been the most powerful bull market in the history of the world so in our world anyway so that's the main thing but the thing that you've got to remember here that this is extremely important i want to bring this chart up and we talked about this on the live trading thing yesterday but the fact is this is the the real key here is to take a look at this the load that we made here yesterday in the nasdaq you know back on the 19th we hit the exact this was i happened to send this out i remember it was one it was 113 in the morning my time and the nasdaq was trading at 14,740 and it hit 14,715 14,147,15 that was the exact 61 percent retracement and i said this looks like it's going to start a rally because we stopped and at that time the s&p was down exactly one standard deviation from the high and also the rustle was down three standard deviations from the high so that's why it was so very very important now you see it just looking at this chart you know the third grader could draw the lines in and see the abcd pattern that i just posted in there for the nasdaq now we're we're if we should go below 14,720 now that's 200 what one two three that's almost that is 300 points that's 300 points that the nasdaq would reverse today the chance of that happening are slightly less than the james brothers coming back and start robbing banks because that would mean something just extremely extremely bearish i do not expect that to happen that doesn't mean it's not going to and it also could go up and make new highs you know we could easily do that because you know we we see something happening but that doesn't mean that it's going to happen and i i want to reiterate that because you know these patterns do fail we've seen it fail in microsoft we've seen it fail in some of the others and that's the main thing but the one that is really interesting here is get this up here for the if you want to look for value this is the russell we'll get it up here to let you take a look at it the russell has been in this trading yeah terry's saying that uh stan harley was right for one day hey one day is better than no days terry anyway you can see here since march we've been down to that 2100 level one two three four five six times anything below 2080 if you look at the red mark anything below 2080 would tell us that we are really getting ready to break hard in the russell we've already broken hard you can see the 61 percent we traced when we made on august 7th had lower tops all the way through here and when you see something like this happening with the big reversal today that is usually related to people that are short covering into the the weekend but not necessarily so maybe this is a a significant bottom that we have to pay a very very close attention to but that's the the main thing to remind ourselves that that's what we're looking at when we watch these things so i'm just giving you some heads up on it we'll take a quick look here at the i want to do it let's do the hourly here of the doubt of the dow jones you'll see it's a totally different picture and it is decidedly more bearish than the others you'll get it up here you'll see that we just made the 61 percent retracement here in the dow jones and that's what we were looking at yesterday we we had some really nice trades early in the morning and it turned out to be pretty good we we bought that we sold that first rally that was worth about about 200 points and then we sold it again twice at break and put our stops at break even each one of them had a profit of about 500 to 750 dollars and me being that little nitpicker that i am i put the stop at break even and then they rolled over several people emailed me and said gee i'm not going to put my stop 10 points on the dow jones because i just didn't want to you know see any losses because you know the folks paid good money to have some fun and i want to make sure they did make some money but they all work pretty well you see they did break pretty good and several people mentioned you know that that was really why were why was i trading so defensively there was two reasons one is when i start the day with a loss like i did with it that the natural gas we started with the $300 loss right off the bat i mean it looked like it was going to work and then boom down it went we got stopped out and the market rallied well over $1,500 and then i missed a trade in gold just the perfect abcd and i made a decision that i thought it would go a little bit higher and that decision was wrong i should have followed the abcd pattern that was worth $1,700 and then we did one more in crude oil where i changed the order from $62.47 to $62.39 and the low was $62.41 and then it rallied $1,500 so those are little mistakes that i make but we make those all the time especially when you're in the heat of battle like we were yesterday for five hours but that's all that's all part of it at least what we were doing was matching up the patterns with the geometry and showing the folks to do it but my real pleasure folks actually was the people that were in there they actually some of them could be giving the course i i actually believed that because they were you know showing Gartley's and butterflies and 135 patterns and things that were happening that we weren't watching and then we would look at some of them i didn't necessarily trade them but they were seeing them you know spot on and that makes me feel pretty good that people have actually latched on to some of this and realize that it's not just mumbo jumbo that it actually does work it don't work every time but nothing else does either boys and girls you got to remember that that's the real key now let's take a quick look here at mr appell apple because that's been in the news forever most widely traded stock in the world still acting relatively bullish let's get this hourly chart up will we'll take a quick look at it here and you'll see here where we are i'm going to take out the all the little swings that are in here because it will literally drive you absolutely to the wall i want to get out here just let me show you what i'm going to do so you'll notice ahead of time here is what i have to take out let's get up here and take a look at it here yes yeah jimmy 4437 is the d-point of the s&p you're absolutely correct here is what i'm going to do what i'm going to do now is i'm going to take out all the pese vento pattern stuff because there's too many lines in here i see what they're doing but you don't need to see those see what i want you to see is what we're looking at right now in the apple taking those out you can see it very clearly how to we had a high up there that was at abcd up at 151 we suggested with that abc that was right there at 151 it was probably going to be a high it dropped from 151 down to the 78 percent level 144 yesterday and today what are we doing we're rallying up to the 61 percent retracement and that comes in at 148 we're trading at 147 50 right now so that's what we're paying attention to an apple we actually didn't do any stocks yesterday we looked at a few like some of these other stocks that would take a little break 877 976648 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 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 called tiger real estate llc today at 727-329-8322 or email us at tiger at tfnn.com that's 727-329-8322 call us today the 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 value tech stocks as well as entry prices target prices and stops to set for each trade david 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 chAU or chAD 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 four-side 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 that's tfnn.com then hit watch tiger tv okay folks we're going to take a moment here and help terry on the pesevento patterns thing in ensign what i've done is i put up the apple chart and i put in the pesevento patterns and then what i did was i clicked on the properties bar so that terry will take a look at it now you'll see the properties bar that's the gray insert inside the chart look on the top left you see where it says minimum size and minimum bars what you want to do is go down to your minimum bars where it says 14 and just start clicking that up or down and it'll start taking those out it'll take the little ones out to get to the larger ones that you want to see and that way you're just looking at the big swings not all these little tiny swings that it'll put in there because they go to the to the second decimal place and we certainly don't even need that for trading so that's how you do it terry it's very simple they've got a good video on it but it's really quite easy to do if you want to do it that way really very simple just go to the property bar look at that minimum bars change the minimum bars and that'll get you to where you want to be it's a got a lot of stuff in that program but you don't need 90 of it so i hope that helps and it should be able to give you an idea where some of this stuff is going i did post a chart of netflix you'll see we had a huge move in netflix yesterday and we almost attempted the the high here that we had you know way back in in july we're very close to it that high was about 158 we're 146 there's been change today getting above that it would be quite very some of the others are not looking nearly as bullish if you remember we've been talking about there is something wrong with mr bezos he better get back to work because this stock is starting to look really i hope that helped terry anyway you'll be able to see here that this thing went you see the low that we made here then we had the little two-day rally that was down to standard deviation to see what happens when it goes beyond two standard deviations that is really negative and that could happen with you know russle maybe not in our lifetime but below 2100 in russle is going to send that thing a lot lower so remind ourselves that these don't always work but when they do you got to be very very careful because this trend is down now how would you like to be owning you know amazon from 3750 well if you bought it 150 year in great shape but if you bought it up in there those one of those five or six days it doesn't make you feel very warm and cushy so that's it now the google still acting still acting very good we just made the abcd in the in the old s and p folks my the old alert went off i hit it once or twice i heard the alarm go off so that completes that abcd pattern that doesn't mean it's going to stop it that just means that we got an abcd pattern now let's take a look here at the google because it continues to keep going higher going against that gap one more time we're still have that gap there 2650 but we're really strong today so we're going to be able to to see what's going on well i heard the beep go off once at 4437 so maybe it's a good beep maybe it's a bad beep and here we got oh my goodness look at this one here this was just really going you talk about one that is just rocking and rolling that i would have really you should you talk about a three drive pattern that has failed folks this i'm going to put this in the record books because this is going to equal the one from del back in 1996 look at this we had a perfect abcd time and price at 277 we stay there for two days around that level and where we now we're 304 and with no top in sight it's in this a weekly you know so this has been you know a monster chart you know it just keeps going higher and higher and higher and how much higher you know i don't know but you know maybe it's going to be the one that put the put the thing higher now why did the s&p only ring one time when i uh there we go there's what we need to see we need to get here some more rings up there around that 438 level let's get that up here so the folks can pay close attention to it because if this were today it was yesterday i would be looking to be a seller up in here is what i'd be doing but i'm not doing that today because i'm resting let's move on here just a little bit to get this up here let the boys and girls take a quick look at it because this is abcd in its entirety and if i can just find there we go one second here we'll be ready in one two three four five and there's where we are hold on i'll get it right up here so everybody can see it this is abcd as they say in the trade and we'll get it up here and there it is and there must be some selling there because it just keeps hitting 4375 the highs been 438 so i better turn i better turn i better change the the limit minder on the darn thing so that doesn't keep driving anybody crazy if i were to do this trade and i'm not and the main reason because i am one tired puppy plus i'm suffering from a tiny ear inner ear infection anyway i would not risk more than five points on this because it's so very perfect there you've got a really strong trend against you here but you have a perfect abcd and that that's what you're looking at and the ab leg was very basically very very strong also you see so that's another reason to to see what you're looking at right here so we'll keep a close eye on it as we always do looking at some of these things remember we're going to have tim boss is our guest on monday and he's going to be i chatted with him yesterday and he's going to be quite excited to come in and show some of the other thing he actually said the market should top on this i believe the 16th of august and i believe the high was the 17th when we had stan harley on and so we'll we'll whether it's going to be high or not i don't know boys and girls nobody else does either but i'm just telling you that it looks really interesting from these levels that's the main thing you know to pay very very close attention one other thing that i would be watching today is i'm looking at the the artificial intelligence program we talked about yesterday on the show how to do that and we're in an area here within about 20 minutes here where if this is correct we should start down the last part of the day that that last part you see there is the least reliable of anything you do during the day because you've already gone through 260 two-minute bars for the day and that means it's statistically less active in the last 25 percent but that's something you have to learn with time so let's move on here and one of the questions that someone's asked about a particular stock and i'm going to get it up here and talk to us for you and that is the emerging markets haven't seen this chart and since hector was a pup and that dog's 13 years old and boy this thing has been in some serious trouble well let's get up here and take a look at it wow this emerging market has not been emerging it's been submerging let's get this up here and then i wanted to we've already talked about the hang saying but you'll see here that we're almost at a major bottom here we're at the 1.618 expansion folks this is something you might pay attention to because this is a big abcd in the emerging in the emerging market i'm glad somebody asked me to take a look at that because that might mean the markets are going to rally just from a bottom forming but i'll put this up here so you can you can see we're very very close to something pretty significant we're down here the 1.618 expansion was at 40 49 we're trading at 49 48 and this could be very interesting that's a very very interesting pattern to look at what the some of mr. C what during the third what market gave us a best interday winner it was the dow jones e-mini we sold the dow jones e-mini and the first trade made 200 points the second trade made about 600 a third trade made about a 800 dollars but we got stopped out on two of those but they still made really good money on the first one i had my stop placed 10 points away if you could believe $50 third grader but you do that we had a good day see we missed you buddy eight seven seven nine two seven six six four sharpening north 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 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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 that complements 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 natures 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 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 okay I posted the chart of the Euro folks we've been watching this for a long time we've broken down below that coveted 170 level it looks like we're hitting down to 115 and change that's going to be really important the fact that we've broken out of these lows from the last year is very very important that means US dollar is strengthening that usually means that gold is weakening whether that's going to happen or not I'm not sure but the fact that it's below that level tells you that every time it's rallied it goes right back down and there's no following yes of yet but we're watching it very very closely there's a big abcd there as you can see at that 150 1115 and change would be covering a whole part of the foreign exchange in the weekly newsletter this week in 24-7 because we've got about six major cross rates to look at including the British pound and the Japanese yen along with the Canadian dollar which is going to get hit really bad lately which we've been expecting and then also looking at the the Swiss franc for the first time in a very very long time not that the Swiss is a major currency anymore it used to be but not so much remember folks we're going to have Tim Boss as our guest on Monday try to get it get in and listen to it if you can he's got some really great information and plus he's having a little class on deputy can and he happens to be one of the better people qualified to talk about the great master himself so we'll very very close attention to that so live every day in an attitude of gratitude and may god bless thanks again for attending the show yesterday I really enjoyed it folks it's five hours of non-stop rocking and rolling but it was fun and seeing you guys picking this stuff up really makes me happy so thank you so much and we'll see you folks on Monday on the flip side and do something for your neighbors folks because a lot of them are still hurting there's a lot of people out there they're not doing very well so we'll see you all on Monday and may god bless