 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. Let's take a look here at the E-mini S&P. This is a four hour chart so we can go back and see the past seven days. You can see here the high was the 78% retracement of the previous high that we had right back here. That's what we're looking at right there spot on. The thing we were paying very close attention to, of course, was this monster ABCD pattern that came in at 442. The high has been 448. So if you're in this, you put your stop at your breakeven point at 442. You're going to have to go through whatever the Fed does. Of course, they could do just about anything they want and they usually do. But this is a five day rally. Actually, three day rally, one, two, three. This is the third day of it coming in from the 27th, which would make five calendar days. So that should be the rally high, if that's what it's going to be. It shouldn't get any higher than that. So if you sold it up there, you know, you've got a pretty good handle on it as far as risk control. So put your stop at breakeven right around 442. And you should, well, who knows what's going to happen, but we'll see what's going on. All right, let's take a look here at the old Bondolis. This is where the real money is, folks. This is much larger than the stock market itself. Let's get this up here. Many times larger, as a matter of fact. Here's what we've been waiting for, you see. We want to see if we can get these bonds to make it. Now, this goes back an hourly chart going back to the 11th of October. And here we are in November. And we've taken out the highs from here. I would have thought taking out the highs from this level would have accelerated to the upside. That's why I was looking at 111.16. And maybe when the Fed comes in, it'll hit 111.16 or something, you know, a whole lot higher. The thing is, though, if you look at this, look how many days. This is the 23rd. And here we are out here. That's an eight-day rally. And it hasn't gone any higher than a little bit. The last time we had a good rally, you see, went from 108, you know, all the way up to 114. It rallied six points. This one's only rallied about three and a half points. So it's a little disappointing to see that happening. We don't have an ABCD here because these are equal. And this one goes a little bit higher, but stops right at the 50% level, which was rather surprising to me that it stopped exactly at that point. If you drew that in, you'd be able to see that's where you are right then. I could see the resistance, but I was looking at this particular point right in here. So that's it. Now, when I listened to what's going on with the Federal Reserve, I don't quite understand it. I always rely on Shane's million. But I do rely on the bar charts that go up and down. And we've got some good action going today. And that's what we're looking at. We had a question from one of our listeners about how the opening price works. Well, the opening price was done, you know, let me see, way back in this 80. So that's a 50 and 40. No, what are you talking about? It was done in the 70. So it's 63 years old. It was done, the original one was done by Jim Sibbot and Earl Hattity and Market Trends in Pasadena, California. And back then, you know, we had markets opened just every day at 9.30 and commodity markets. That was the central time, usually closed around noon to one o'clock. And they could use the opening price. But now these overnight markets make it very, very difficult. However, you can still use the opening price. And what I'm going to do now is I haven't looked at Apple for a long time and I'm going to look at it today. We're just going to use it as an example of the opening price. Okay, we're going to use eight minutes because that'll give us a pretty good idea of where we are. And so you come up here and you'll be able to see the real reason of Apple. See, now this is November. Okay, here's November 1st. Here's the opening right here, folks. That's the opening in the market right here. Let's try that again, Larry. There's the actual opening. This is pre-market. See, here's the actual, that's where the problem is, you see? Because this is the pre-market. There's your opening on the right. Try to get the words out slowly, Larry. This is the opening of the New York Stock Exchange at 9.30 a.m. New York time. Okay, so there it is right there. There's your opening right there. Now, you can see we've been above the opening price all day. So if you're trading Apple, what you want to do is if you're above the opening price, which is right here, there it is. There's your open right here. If you're above the opening price, you want to be long. So you want to be looking for buys. So if you were trading Apple, just using some Fibonacci retracements or something, you would try to buy a nice retracement here. There's your 50% retracement if you wanted to buy that. And then always try to be a buyer because as long as you're above this, the bias is to the upside. Let me explain to you what that bias is. If you were a buyer here and stayed long during the day, the odds of you winning are better than 80%. If you're short from down in here, okay, some way, you know, you had a system that says to sell it short or whatever it was, and you're above the opening price, not good. That's where it gets really, really difficult. Let me give you an example if you put all this together and that's part of what you do when you're doing these trading things. If you were to look at the small ABCD pattern here in Apple, see, there was your early morning high. You see, the market came down, went up, and made the exact ABCD pattern right here. Now, if you shorted that, okay, you shorted that 172, okay, your odds of winning at the end of the day will be less because you're so far above the opening price. You see, that's why you've got to look how you're going higher. So that's why you want to do it. So the question you ask yourself, if you're in something and you are short and you're above the opening price, I'm going to write it in here, boys and girls, so you can see it. The chances of you winning, hold on, let me see if I can learn how to do this, are less than 20%, okay? If you are above the opening price and you're short, the chances of you winning are less than 20%. However, if you're long, okay, let's say you bought this retracement right here from the bottom, that was probably exactly 382 and there it was, right there, there was 382. If you were long from that level, let's try the drum roll, Larry, try the drum roll. The odds of you winning are greater than, let's see, hold on, if I do this correctly, I'll probably screw up. Hold on, I'm not too good with this stuff. It's greater than 20%, I hope I did this right. I swear as a percentage. Boy, don't ever give an Italian a computer that doesn't know how to type, folks. I shouldn't have one anyway. Anyway, this would be your odds of winning here as if you're above the open. Really simple, ask yourself the question, if you're above the opening price, you want to be long, below the opening price, you want to be short. That's the same thing as true of commodities or anything else too. But the reason why stocks work better is because they opened at the exact time up until the source bandits came on and they started trading overnight markets and stuff. So that's where all the stuff happened. It was really going bonkers for many, many years. Many people had hedge funds. Toby Crabill had one based on the opening price right out of John Hill and the work that we had done together many, many years ago. But that's where it all came together. I still watch it because if you're below the market, if you don't want to be long, if you're above the market, you don't want to be short. That's the opening price. You want to try to stay long. Maybe it reverses, doesn't make any difference. The odds are you've got 80% of your chance if you're above that opening price. So I hope that makes sense. Holy cow, break coming up. We've got some other things to cover. 877-927-6648. Finishing at number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn. And he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to additional webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 Days Risk-Free Today. TFNN Educating Investors. Market Insights to be your daily guide to profitable trades. Tom Polishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights first-hand. TFNN Educating Investors. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more, and he also has weekly coverage of the crude oil market, and the stock market. He also has weekly coverage of the crude oil market and the 30-year T-bonds, as they both influence Forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute Webinar Archive. He just hosted Forex Strategies and Fundamentals What is Behind the Tiger Forex Report. For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. International, at 727-873-7618. Okay, folks, I'm going to give you an example here with the futures here. This is the Dow Jones E-mini. There's your opening in the stock market right here at 9.30. You see, if you'd have been a buyer all this way, you were above the opening, you want to be long now. You didn't stop at the 3.82, you didn't stop at 50%, you didn't stop at 6.18. You finally stopped right here at the 78% level. So if you picked one of these, and believe me, you're going to have to pick one or the other, that's how you decide whether you want to do this. Now, what I'm just watching the Dow as a perfect example, the reason why is the Dow has been lagging today. So you notice here that we had a drop from 33. We dropped 250 points in the Dow Jones and now we're having a rally back. So the first thing I do is I want to see how it handles the 3.82 on the rally back. And that number comes in right about here at 33,219. So I'm just going to put that limit binder in. So if we start getting above it, it tells us that we have a pretty good bullish bias. Now the S&P and the NASDAQ are already above the 3.82. I just checked, but this has been the one that's been leading. So that's why I'm watching it so very, very closely. Okay, now there's a couple of others that are interesting to take a look at here. You know, we've been extremely bearish the Hello Operator Euro for quite some time. Let me get the, here it is right here. This is an interesting one also. So give me one second here. I'm going to cover these one at a time so that we're able to do this with this new program that we have here at TFNN. It makes it really nice. Now here's a Euro with the big ABCDs. This is where we were recommending this short if you remember the other day. That's a perfect ABCD. And this, hey folks, this is a carbon copy of the Dow Jones, I mean of the E-mini. Same thing. This is the same pattern. There's your drive one, there's your drive two, there's your drive three. There it is right there. This may not work, but this is what the, this is what the, oh, you almost went into that woke environment, bubba. This is what the lovely Italian lady sings about is try to trade that. Now what we tried to do was to sell this 3.82 retracement today. Of course, we missed it by about 10 pips. Can't help that. But what we're looking at now with the Federal Reserve coming in out here with this weakness here, the strength of the dollar, and we look at this a little bit farther down the road here with the US dollar, you can see here that we could be looking at a move down here in the Euro today at this level of 150. Now that's not very far away. 105 folks, that's only 30 pips. So this is really, really super important. May mean something, may mean nothing. Do not know. All I know is that's where the Italian lady sings right here. This level right here, 105. That's a perfect A, B, C, D. You've got one, two, three days down. One, two, three, four days up. One, two, this is the third day down. This is where we should stop right in here. So if it doesn't, oh boy. Good luck, Charlie. You just take the weekly chart up and you're saying we are going downtown. That means we either got a hold right here or we're going to be looking at something really sinister. And that would tell us we probably got looking in interest rates on the tune of about 9%. But we should stop the interest rates right here at about five, five and a quarter because they've gone from virtually nothing to five and a quarter. And this is where we should back off. But it means longer term. The bonds are in big trouble folks. There's nothing else you can do it. Here's the Euro weekly. If you want to see that same pattern that we were looking at with the E-mini S&P up there at 42, 42. There it is again. A, B, C, D, three drives to a top. How about this one? Three drives to a bottom. And remember, be sure to use all your oscillators. Your percent are always a good one. And also I shouldn't do that. Some folks are really good with the oscillators. This old cowboy, he knows one thing and that's A, B, C, D. And I know it seems silly, but that's what I do. And it works sometimes. Sometimes it doesn't. But all I can tell you is it's much better than that. Let me show you. Here's one that was a tiny bit frustrating today. This is one we were looking at today with the Crudall. You see here, we had this 382 retracement right here at 82.69. Now, when we trade Crudall, we have to risk $1,000. And of course, it went against just 700. And now it's in your favor about 1,300. So that one would have worked really nicely. Here was the place. Look at this. It takes out the previous 382, which was the high we made yesterday by just two ticks and then says good night, Charlie. And look at it breaking down right now. That's where people put their stops in. At those previous highs and lows, that's where they get into trouble because there's no buying as you come up into that area. So it's important. Now, had you gotten in this and you waited, let's just look at this on a smaller timeframe because I was watching it, but I got tied up doing some other things. But this is after the, let's get it in for today. There's the high today. Look at this, folks, after it started down. What do we always talk about? Sell that first 382 retracement. So you could have sold this one or this one. Either one of those were right on the money. Let's take this big one right here. It stopped at the 618. You're different between 283. That's 17, 170 bucks. But look at this one, folks. This is the same type of a move. You see you rallied from 8240. You rally up 70 pips. Here you rally 70 pips. It takes you to 40. The high was 37. And I'll bet you a nickel to a donut. That was a 382. And we'll move it up to the last level right here. And there it was right at the 382. What do we got? We got another one. Just happened just a little rally go. 382 again. What does that tell you? Crude oil is buried. So that's why we're going down. We didn't get up to 50% on this one, but we're coming down to some pretty good support here in the crude oil here at 81. 81 even. We move this over a little bit. You'll see we're going to be almost at the. Oh, no, we're already below the 78% level. So that's a negative no, no. So that looks like we're still heading down a little bit more to the downside. I wanted to do before we get into the next segment here where I'm going to go over some of these. Magus stocks, because a lot of people are in stocks and I don't trade stocks. I think they're in a great, but you know, they don't give you the leverage and stuff that. Nor the liquidity, you know, for, you know, they're just slow folks. That's just all there is to it. I should learn to do it because of that. But let's take a quick look at one that's really important and we're getting really close folks. This is the Canadian dollar. If you remember here, I'm going to get the daily up. This is what we're waiting for. This is where the, this is where the Italian. You're not going to trick me. This is where the Italian lady sings, boys and girls. Now look at this. Okay. Let's just walk through this for a minute here. If you believe in the ABCD to the upside right here, you should believe in the ABCD to the downside right here. You either do it or go find something else. Cause if you can't do this trade right in here, we're right at, right this level, it might stop right here at 71 98. I think it's going to go lower. We've already taken out the stops. Look, there was nothing there. I mean, there's nobody selling down in here. See before when you took out these stops, look how it went down. See, there's nobody, there's nobody selling this thing. Sure it's a little bit lower, but how much is it lower? Believe it or not. This is $100 in the Canadian dollar. This is ready to make a bottom boys and girls. It really is. So watch these numbers here. I'm trying to buy right there. There's the ABCD. I got my stop right below here. That's only $300. Shut the front door razor man. Let's take a look at something else here before we get back to our break. We will wait. Pay a few bills. 877-927-6648. Tires. Every Tuesday and Thursday, Tim Ord joins the Tom O'Brien Show to share his unique insight that he's developed over decades of trading. Now, on Tuesday, November 7th, from 4 p.m. to 5.30 p.m. eastern time, Tim Ord will be hosting his own live webinar. Tim's analysis has been outperforming market returns by almost double and his gold analysis is on track to be a winner as well. Tim will be delving into six secret ratios that every trader should know. In this webinar, Tim will be covering the Daily TLT VIX, the Daily and Weekly SPI VIX, the American Association of Individual Investors Bull Bear Ratios, and the Trin Panic Levels. Tim will break down each ratio, how it is calculated, its importance, and how it can help you make bigger returns. It's as simple as this. Learn the ratios, trade by them, and see your returns. That's it. Visit the front page of TFNN.com today to sign up now. TFNN, Educating Investors. Consisting of coverage of the XAU, HUI, GDX, The Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. It is governed by the Fibonacci Sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today TFNN.com Educating Investors 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 and hit Watch Tiger TV. Okay folks, this is Apple. As you can see here, we have just about made the 1.628 expansion there. It hit it pretty much within a half a dollar. We're up $7 in the last few days. You can see a small ABCD going in here. This could be the bottom. We've already made a bottom back there in the 27th that we were so bullish about and now we're into this real strong rally and believe me, if the Fed comes out and surprises and believe me, folks, when they say there's going to be I mean, I heard the unanimous thing here on Bloomberg and CNBC. There's absolutely no way that the Fed's going to do anything today. They're just going to talk. Yep, that may be the case, but if you believe that, I still have two shares of the Brooklyn Bridge and Apple at a cheap price, margin included. So I don't believe a word they say. Be sure to God's sake that you put your stop in. If you sold that number, we were looking up there at $42.42 in the S&P. Have your stop at break even. You might even get a bad fill, but at least you'll be out and you know you're wrong. So that's it. So that's Apple. Okay, now the next one, we're going to do these one at a time here so that I could, I've had a request to do them. So after Apple comes Amazon, Apple has been doing relatively well. You can see it's up again today. Hold on one second. Now this could be a rally in a bear market. If the Fed surprises everybody, I'm not sure they're going to or not, but let's just draw this up so we can all see it just a little bit better here. Move it over list a little bit. Ah, it's too hard to move over. You know what? I'll just give rid of Apple, which is right behind here. Now we can see Amazon a little bit better. There's Amazon right here. You can see we had the, it stopped right at the 3-8-2 and look what it's done. You know, just in a few days, we've gone from 120 up to 135 and Amazon stopped right there. I mean, we've had this in there for weeks, you know, so sometimes these numbers work, but that's what's happening. Look how bullish it is today. You know, let's just look, you can see how it gapped up. In our opening morning, you're going to see what it looks like and you're going to see why there's your open. Look, you see, there's your opening right there. Look, it's been above it all day long, so you don't want to fade that. That's a main thing to pay attention to. Okay, now we're going to get the next one that comes up. I believe the next one after that is, I believe this is Broadcom. It's also one that is in the, is also holding up. Now, this is the bottom that we had. Now, you notice on this rally right here, we've gone nowhere for four days. All we've been able to do, whereas Amazon's gone, you know, way up here, all we've done is from the high that we made back here to the low, I think we made the 382. No, we went a little above it. We went above the 382. We're trading at it right now, as a matter of fact, at 843, but that's just a 40 rate rally. That means that market could still go a whole lot lower. If we look at it from the high, it doesn't even come close to a 382 today. That would have been up at this level right here. You can see the difference between Broadcom and Apple. Let's go on to the next one. We'll get rid of that and we'll move over to the old little one over here we called Tesla. Hold on a second here. We've got to do Google first. And that's also been one that has been been pretty good, but lately it's been a little bit of a dog. You see, we almost made the 382 folks. Look at this. The 382 came in at 120 and the low on the stock was 121. It missed it by $1. And that's a big gap in here, too. So you've got to be really, really careful of that. But look at the rally here. Same thing. It's not like the rally in Amazon. This is doing nothing. So that's another negative. Okay, we're going to take a look at Tesla next, unless I can remember what the other ones are. Oh, Meta. Here's not one of my favorite stocks, but who know, this is really bully stocks for sure. You can see here you talk about a really bully stock. This couldn't even back off at all. I mean, it just makes a higher high. It doesn't go anywhere. It's just been really strong. And the same thing coming back. There was your low here on the 27th. Look where we rallied. We've already made going back here. We've already made the 61% retracement came well came real close yesterday at the 311 was a 61% retracement. So it held up pretty good. Those of you those of you folks that like a B equals CD pattern stay tuned for the drum roll. There it is and boom, we're going to show you one right now. Just to show you that they don't work all the time. But by golly they work some of the time and therein lies the key. So, okay, let's move on to Tesla because everybody likes to see Tesla and oh, we got to do Nvidia first and then we'll move on to the next one here and tomorrow our guest will be Stan Harley and you'll be able to really enjoy him. Now this is one that is this thing is really bullies folks long term, but look what's happened after it's been down I think it's down 17% since the high was made. But again, look what we did just what this might have been yesterday folks there's a B there's CD the number is supposed to be 387 and we got to Wow low as 392 so it missed it by $5 now that may mean that this is a real problem here, you know, have to wait and see. Okay, let's move on here to Meta. We've already covered Meta. Let's do Tesla and then we'll get on with a couple other questions that someone's asked about and I'll talk a little bit hold on one second Tesla in here. I'm really looking forward to the one here that we're going to do the live trading on the 15th of November because I'm going to be focusing on making money. We got five hours together. I got about an hour and a half teaching but we got a lot of trading that we can do with this kind of stuff and that's what we're trying to do. You can see Tesla's made the ABCD to the downside. We went a little bit below see we're looking at the 1.27 let's measure the ABCD see what it came to. There's your AB leg right here. There's your CD leg right here. Oh gee, let me see the low was 93 94 94 was a low and it was supposed to be 91.5. It missed by a little bit but look folks it's gone nowhere. So this is another one that may be a little suspect. See only Google is the one that's of all these other stocks. Google is the one that's been the the best one of the group. So I think that's important to pay close attention to that. Okay now let's get back to the pedal to the metal. We've got a question here about the crude oil again. Let me get this up here and we'll pull crude here's where we are. And let's get moving up here right here. All right we're still heading down. Okay. All right this is just an 8 minute chart of what's happening today. Okay and I'm just going to show you where we are because this is where we should come to folks. If it's any good it's not going to get any lower than where it is right about now because the reason why is now remember these are all short-term ABCD patterns but ABCD patterns if you're trading short-term and if you're trading this darn thing it's you know it's $83,000 the margins on it's 6 okay so if you're if you make a $600 on something you put eight grand up you put eight grand up on a stock you got to put 50% margin so you got to get a $8 move just to make 10% with this you can do it in a day because of the volatility here we're going to see one more and then we'll be right back eight seven seven nine two seven six six four eight you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give 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biotech three times bull and bear ETFs visit Direction Investments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the Direction shares carefully before investing the prospectus and summary prospectus contain this and other information about Direction shares to obtain a prospectus or summary prospectus please contact Direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ okay folks I'm an example here of a trade set up here it's natural gas funded trade anyway if you'll notice here from the low we made down here yesterday to the high last night and early this morning we came all the way back to the 61% retracement of that move right here from that level we rallied up to the 61% retracement and now that's a move down of around $2,000 and on the way up rally is about 1200 that's 618 12 into and now we're backing off now here we talked about Isaac was asking about the opening price well here's an example there's your opening of the regular market for the futures not overnight but there's where the opening starts and you rally up and look you're above the open now so if you want to be a buyer you want to be looking for an ABCD pattern there's one right here we're going to blow this up and take a look at it and I just did this trade to whether it works or not I don't know but from your load up to your high there's your x-point ABCD and there's your 61% retracement came right in here at 48 I bought it at 48 and a half the low was oh god I got filled on the low that never happens 48 and a half and the risk on this would be down here at 46 so you'd be risking about $200 on this but you're above the opening price okay and you're making an ABCD trading with a longer trend remember this is just a 13 minute chart but for 13 minutes that's a lifetime so that's what you're watching you got the ABCD you're above the open so you know the odds of you winning today are better than 4-1 in your favor show me a football team where you can get 4-1 odds well you could get maybe Oklahoma playing against Mission High School here in Tucson but that's about it so anyway that's what we're watching whether it works or not I don't know at this level right here at 346 you're wrong you'd have to take a $200 loss and you say thank you very much and I'll go back to trading my moving averages and that's all you can do about it so I just wanted to bring this one to your attention one other question someone's asked me over here and get over here I'll get this one second hold on one second here personally I think there's a question a person asked me what do you think is going to happen and let's get the bonds up here's where the problem lies is in the bond market but the boys over at the Federal Reserve let me just correct this darn thing window top vertical the problem is they're going to be playing games in the bond market where is the bond Bondolis where are you you're here somewhere here's where we are okay there's the bonds okay now the Federal Reserve has to sell a lot of bonds $33 trillion the only way they can get rid of this is by selling bonds people do not like to sell things that go down so they got to get a rally in these things to get people to come in and buy them they've got a chance and I'll show you we've talked about this too many times there's your weekly we're setting right on major support they could come in here and really surprise some people today and that wouldn't be bullish that would not be bearish to stocks unless this would be a flight to quality which I don't think you're going to see but look at this this thing has come down now for seven months April through October with hardly any rallies so and we're right near the big ABCD down here 107 so that's why I told people last night I said you got to have a bullish bias on the bonds just because of the technical picture of what they're looking at but frankly the Fed they can do anything they want and they usually do so I'm just saying and this could fail look see the only rally here a little bit here we had a big rally here we had a big rally here we got nothing so this might not have made the low and we've got a caller are you kidding me shut the front door and raise the rent and it's Jeff from Philly how are you doing Jeff what can I do for you I'm doing great Larry how are you I am fine my friend what's your question we got a real simple question for you yes let's say that I wanted to I'm going to ask you for your your top pick for futures to trade in response to the FOMC announcement today at two o'clock so you know let it let it go I'm not going to try to trade it before the announcement but let's say they're going to make the announcement let's say something starts to trend and I want to watch it for a three to retracement and then continue the trend and other than bonds what would be your number one for futures to trade that way well okay other than bonds my number one pick would be the bonds in other words no no if you're going to make me make a prediction let me play with my rules okay what would be your top two then no it'd be the Euro I'd be watching the Euro around or the best one to me would be the Canadian dollar at $71.60 that's the one I would like that's a triple bottom it's I got everything there there's been virtually no selling into it there could be some stops down in here but $71.60 you can play with that for $400 but that would be my first pick the second pick would be the bonds here at $111.18 the reason why I'd be doing that is you have a 10 day rally you've got an ABCD got double you've got an ABCD's in here for sure you can see another one we'll just draw it in let the sports fans see it there's your AB pattern right there it's going to get up in here right here so this is what I would be watching here but we made this 50% retracement here and we took out the highs there was no buying in here folks and this is a big market why wasn't there more buying it hasn't backed off much but it's backed off enough so I'm hoping to buy this if it's taking out this high so this would be my number one pick and number two pick would be the Canadian dollar buying that at that $71.60 it's trading at $05 right now I just saw it at $05 somewhere in here oh it's $72 even so it's not very far away so those are the ones that I'm looking at okay great an extremely clear answer thank you very much if I'm 0% if I'm 0% then that's 0% if I'm right I'll be 100% so you take your choice I will get my checkbook ready hey Jeff thank you so much and I hope to see you during the holidays okay alright folks let's move on we've only got a minute to go we have one other question and that's about the gold market we're the prediction on the gold here's where we were last night those of you that liked the gold we talked about this because we were looking at this 382 right here and I will just show it to you we'll just clean this all out really quickly here this was a 382 early in the morning when I sent the video out I said you gotta sell 96 because it's a 382 and there it was right there it came down down to 90 and of course there was your 382 off of the bottom so if you sold it here we recommended drop it break even because we could go to there and what was that boys and girls yes Johnny I'm going to draw it just be patient come on young men have another bite of that peanut butter sandwich look at that right on the old button up there at 04 high being 5.5 and look what it does it drops $2,000 without even a bounce and now we're getting a little bit of a bounce from here from the high down to the low 382 would come in up around this spot right here so well we got the big boy he's going to be talking here in about 10 or 15 minutes keep your fingers crossed may God bless and hope all your trades do work out we got some more coming up but we've got to pay a bill or two right now so stare with us and we'll be right back if you're looking for potential trading setups in the stock market then Rocket Equities and Options Report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for Rocket Equities and Options Report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN.com TFNN educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's 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cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN.com 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 and hit watch Tiger TV we got something going on the limit minders just came on here I wanted to share this with you here is the Dow Jones making a 3-8-2 retracement you notice here you just making a 3-8-2 retracement with your ABCD pattern in here of course we got the fit in here coming up in a minute so using a stop here probably not going to mean very much but there's your ABCD the 3-8-2 and of course in about 15 minutes it'll probably be trading up here up about 6000 points but you never know that's why you got to have a stop working in there if nothing else but that's what you're that's what you're looking at right here right now that's pretty much it so look remember tomorrow's guests will be Stan Harley and Stan has been nailing these dates just really great so try to listen to what he has to say then next week we're going to have Bill Meridian of Cycles Research as our guest Jim Bartolioni of Bart's Charts and then also Mr. Joe DiNapoli of Places Unknown but Joe will be our guest too so we'll have three big guests next week to start off the well we're starting off the month of can you believe this is the month of October November folks shut the front there there's only 54 days left till Christmas so get your shopping list out that's what we're watching here today so say your prayers that your orders are in and you're going to see what happens and we'll have to go from the level of what we're looking at here but we'll see what the Fed has to say that's pretty much we're looking at I hope your all trades work out if they don't there'll always be something coming back the next day and that's what you want to be watching for is to catch that next train when it moves down the road so live every day in an attitude of gratitude and may God bless and we'll see on the flip side tomorrow folks it's always a lot of fun one other thing I'd like to mention I got a few seconds here do something nice for your neighbors folks because you know I live in a neighborhood where we got a lot of elderly people a lot of them just need you to go to pick up something at the market or how prescription filled for them and try to help them out they can't drive and even you know make a meal for them once a hamburger meat balls and spaghetti once in a while but do something nice for them and try to help anybody during the holidays especially because being alone without anything in the holidays is not fun and sometimes the holidays are not even fun when you got a lot of people around so we'll flip the side tomorrow and see what's going on and may God bless