 Sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. The following is a presentation of TFNN. Trade, what you see is Larry Pezzavento, all now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, looking good. Billy Ray feeling good, Lewis. We're going to start out today with crude oil folks. This is a daily chart that I posted here. This is what we would call in technical analysis a class 10. There is absolutely nothing wrong with this chart that is just absolute perfection. I want you to see the ABCD pattern measuring to 7315. You'll see that the 78% retracement comes in at 7327. That's where the sale would be risking 40 pips. We hit that. Last I saw it was trading at 7327, so your risk here is only 40 pips. But this is perfect folks and the reason why is you'll go from your low part in the A leg right here. And if you count the number of bars up, you're going to see you're going to be looking and just do it together. One, two, three, four, five, six, seven bars up. Then we go down to the C leg. One, two, three, four, five, six. Today's the seventh bar up and it's making a perfect ABCD. And look at the slope of the lines folks. They're both at exactly 45 degrees, which is just truly amazing. But I today was 7348. Our stop is at 7368, so we're risking 40 pips on that. $400. We were very bullish that coming in this whole week because it had such a perfect setup to make a high on the seventh day. And here's where we are. So that's why it's so very, very important. Remember folks, when these patterns fail and when they fail, they go a long way to the upside. We're going to be covering a bunch of stuff about the stock market too, but let's, and Alfie Lavoie from Air Software will be our guest. But I wanted to show you some of the things that happened last night that I think we're, let's get this up here so we can see it. We always talk about the 382 retracements and some of these things that we look at each day. And I just wanted to share with you, I wanted to show you one that was happening yesterday. And we talked about this a little bit and the fact that this market, oh, let's get the chart up Larry, that would help a lot with it. Okay, there is a November soybean chart. It's a 15 minute chart. You can see the action of the last few days here. There was your first 382 retracement right here. There was your second one yesterday. The market came down here and it looks like it's got a target down here at this level here of 1311 per bushel. And what happened was what I just did before we came on the air, I brought it up to date to see where we are and we're only a few pennies away now from that target that we're looking at. Remember the targets work about 60% of the time. Sometimes they work a lot of times in a row and other times they don't work at all in a row. So that's the way it is. You just got to pay your money and take your choice. And when you're wrong, you get out of dodge. Anyway, there's your price rejected here. I would ordinarily buy this with both hands, but because we're in a weather market and it's a weekend. Gee, it's really tough. So I think we're going to wait and see what happens. Maybe it opens sharply higher on Sunday night. I don't know, but if it opens sharply lower, at least I can protect my risk here because I'm not going to have a position on while the market is not open so that I can put my stop in. Sure, I could buy it and put a stop in, but if the market gaps and it could gap 30, 40, 50 cents below that level, that makes it pretty, pretty difficult. Now we had a really nice move here in gold this week, folks. We got down to that 1908 level. We rallied up to 1938 and then back down to 1908, which was a 78% level. But take a look here at this is the gold miner index, folks. This could be a precursor of what could be happening in the gold and also in silver because we've made this big number right here, this big 382 going back to way back in here. So it's got a really good chance here that this may be a major low in the gold market. So far we've been able to take a little bit of the action out of it, which is good. But remember, we don't take it all. You've got to leave first. Nobody buys at the low and sells at the high. Sure, there's a few people that have to do it because that's how the print is. But most of the people take a bit out of the middle. Bernard Baruch said in his book, my own story, he said, I made my living by taking the 60% between the low and the high and the high and the low. He said, I didn't try to get the high. I didn't try to get the low. And that was the reasoning why I think I've done so well. Now, I was going through this today because I wanted to show you folks what had happened yesterday in the market. Because this was very, very important. And of course, it's all changed today. But we are expecting that change. And I'll show you why. This is the E-mini S&P. Now, this is where we were yesterday. See, we made the big ABCD down in here. The Dow was down 300 points at that point. Then it drops another 400 points. Okay, this is the S&P though. And it drops all the way down here to, it's down 75 handles from the high. Then it rallies up yesterday to the exact 382 yesterday, right there at that 44.52. Okay, then last night, it comes right down here. We're trading at 46.25. And from that level, we were expecting the market to start to rally. The reason why, there was a lot of distribution coming in here. This market just didn't give up and go straight down from here. But once it got above the 382 level, I want to show you what happened because that's part of the reason why we've been watching these. Let's get this up here so we can see it really easily. And hold on one second. We'll take a quick look at it here. And the key part about this, and we'll be talking about this on the all day trading session that we're going to be doing on August 2nd. You see the way that it comes out of point C here, folks. When that comes out of there like that, you can almost rely, you don't want to bet on it, but you can rely on the market making an extension of the AB leg. In other words, the AB leg is this much. The CD leg will be extended by either 1.27 or 1.618. You can see the 61% retracement here was 44.68. And it went through that just like melted butter. The last I saw it was 44.75. We could easily get above this, folks. If that's it, this was a two-day correction. And my goodness, we could see some fireworks in some of these markets. Remember, folks, we talked about Tesla and some of these others, but they're not giving up very much. If you just watch what Meta's been doing and even Tesla, some of these others, they've held up extremely well. There's no indication of a crash of any time. When I did that big trade saying, you know, to go short up there, and we were lucky we got a nice piece of the action on the downside, I wasn't expecting a crash scenario to come out. The only time I've ever expected that was the one time I got it right. That was 38 years ago in 1987, 36 years ago in 1987, harmonic convergence, everything lined up. And I got very, very lucky on that one. But mainly what I'm looking for is I look at ABCD patterns, folks. When I find ABCD patterns that work, those are the ones that I'm doing. And you're seeing an ABCD pattern in the crude oil, and of course it may go straight up from here, but by the way, if it gets above 73.68, it would be a losing trade. But that's what we're watching. So let's pay very, very close attention to it, because it is very, very important. We want to, let's just bring up the other. We've got to break them. We'll be right back, folks. 877-927-6648. TFNN Mug. Happy Fourth Tigers. TFNN. Educating investors. 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 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. This is the best 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 seven of Steve's educational 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, a tribe mastering probability 30 days risk-free today. TFNN Educating Investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN Educating Investors. Toll-free at 1-877-927-6648 internationally at 727-873-7618. Okay, we're back, folks. And I wanted to show you the chart of the NASDAQ you see yesterday. We went right up to the 382 retracement and we started backing off here today. And I sent this out exactly at this point because I felt this was where it was probably going to turn from. We were sitting right at the 61% retracement on the S&P. The Dow had been making new lows, but the S&P was the one that was following the program the best. Now, all I'm going to do now is I'm going to update this with a couple of the ABCD things that we look at here in the market and you'll be able to see it. There's where we are. We've gone up, we've completed the ABCD. We've gone above the 61% retracement by quite a bit. But you'll notice here how the market explodes out of this area. That's telling you that it has a very, very high probability of going beyond the ABCD. And here it does by just a little bit. But those are the main ones we're looking at. These are smaller timeframe charts, 15 minutes. Sometimes they're absolutely perfect, but the absolute perfect one was the crude oil today. That was perfect at 73.27. Whether it works or not, I don't know. Above 73.68, it's cyanara. We won't have anything to do with that one. Here's one, folks, that we've been bearish on for a very, very long time. And that is the Treasury bond market. We've been saying to folks, higher interest rates are coming, whether they come today, tomorrow, or the next day. But you can see the 382 retracement that we had here, along with the ABD. Folks, this one fell off the... You know, it came way down below here, folks. We were probably heading down to test the old bottom at 118. Whether that's going to happen or not remains to be seen. But this is one of the reasons... I'm showing you all of these because when we have really strong trending markets, like we've had these last few days, these patterns react to the 382 retracements, you know, extremely well. Now, because you've been so nice today, what we're going to do is we're going to take a trip over to Germany, folks, over to the Deutschland. And we're going to take a look at the German DAX because today, you can see that the German DAX on a daily basis has just completed a beautiful garden right in here. And of course, with the strength in our market, you can see what happened to the DAX. It already started up before we did. It was setting right at... This is an absolute perfect A, B, C, D. This is the upside down version of the crude oil, okay? So that's basically what you're looking at right here. And it measures right to that spot. And of course, it rally substantially from that level. All right, now, we need to do something else. Since we've been over to the Deutschland, we want to go over to see the Queen over there. And we're going to do it two ways. First of all, that was the German DAX. Now we're going to take a look at the FTSE on the daily. And you'll see here that this one is not quite doing a perfect garden as of yet, but it's made some very, very strong A, B, C, D patterns that we'd like to point out to you because A, B, C, D is where you want to play the game, folks. And as you can see here, there's the big one right here hasn't completed yet. That comes in right about there. But look at the smaller ones, how they're lining up. And so it's going to be this level and this level. I will be surprised. This could be the double bottom, but I would not be surprised to see us get here in the next week or so. In other words, one more move up down here, completing that bigger A, B, C, D, and then back up again for another part of the rally. Next week, Mike Moore is going to be our guest on Monday on Tuesday. I hope to have Paula Webb on Wednesday. I hope to have Stan Harley on Friday for sure. Oh, not this coming Friday, but in August. He was supposed to be here this week. It was Peter Leides, but Peter's on vacation. He's going to be with us in August, and he promised that, well, he made the inference that he would like to be on at least once a month to share some of his ideas that he has because he's really good at what he does, okay? So anyway, that's it. Now let's take a look at one other thing. And since we're over there with the queen, let's take a look at the British pound, folks, because we've got a situation that looks like the British pound is getting ready to make a big move to the downside. Now we put this up here. You'll be able to see it. There's where we are. And it looks like it's getting ready to turn and roll over from this level right here. Okay, so that remains to be seen. But right at this level, right here, this is where your risk level is the smallest. You've got a beautiful Gartley pattern, A, B, C, D. That's right up here. Come down. You're right back at the retracement level right here. That's mother-garden country. If you get above this level, you know you're wrong. If not, you're going to make it down here. That's going to be about a five-to-one payoff. And if you get a five-to-one payoff with the probability of winning by 60%, it'll get those odds very often, folks. So those are the ones that you have to pay, you know, very, very close attention to, all right? Okay, now I had one other one that I thought was going to be pretty interesting here today. I've already covered the Tesla. I wanted to bring the chart up of Apple because, folks, this is the gift that keeps on giving. I mean, my God, this stock never goes down. Well, it does once in a while. But take a look at this. We went up and we completed that pattern. Okay, and then the very next day, which was yesterday, what did happen, excuse me, yesterday, today was the day that it reversed. It went down and filled this little gap right in here, and now it's gone all the way back to 192 and higher. So that's telling you that this market is not finished yet, and so maybe the stock market is not finished yet. We don't know. I mean, but all we're doing is looking at the patterns, trying to find ones that work for us. We had a really good week. You know, I didn't take all the things, all the moves out of everything, but we talked, the only loss we had was we nibbled at the bonds on the long side for eight ticks, which was $250, but all the others worked pretty darn good. So that's what we're trying to do here is to put the patterns in sequence so that we can see them unfolding. But none is any clearer than this one in the crude oil today. That means it probably won't work. I'm not being negative. I'm just being alert, because if we get above 73.68, it's definitely a failure. It's done everything it's supposed to do, but it hasn't started to go down yet. You know, it's still trading at this. I just saw a flash here on Bloomberg at 73.31, and we bought it, sold it at 73.27 with a stop at 73.67. So those are the things that we're paying attention to. Those of you that are watching the Euro folks, the Euro has made a major reversal here today. And I don't know if that's going to affect the gold market or not, because the dollar certainly affects it. But with the Euro getting strong, the fact that the dollar is weakening, and that usually means it's going to be strengthened to the gold market. But so far, gold is still up on the date nicely, about $12.15. We bought it the other day at 1915. We sold it at 1932, then covered the short and went long at 1915 and made $7 on that one. And then I decided, well, I think we'll wait one day before we do anything. Of course, it went right down to the 78% level, and away it went to the upside. So we'll be right back. 877-927-6648. Stay tuned for Alfie LaVoy. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, 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. Everything in the universe is governed by the Fibonacci sequence. 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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 4.00 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. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Okay, folks, we're back. We've got a real treat today. We've got Alfie LaVoy in the house. Alfie, how are you doing today, my friend? Good, doing real good. Alfie, I don't think you have any problem telling folks how old you are, but you've been doing this for so many years, I won't even ask, but I think, didn't you just have your 87th birthday, Alfie? 88th birthday. 88th, oh my gosh, you're still going strong. That's really great. How did you get started doing astrology, Alfie? I started doing astrology back in 1952. Wow, 70 years sometimes? Wow, that's amazing. Holy cow. That's been your source of income. Yeah, it's funny because, you know, I was playing semi-pro hockey and I got my kneecap taken out and I ended up in the hospital and back in the 50s, there was no penicillin, so I had a staff infection, my leg got big and everything, they were going to cut it off. I was really depressed and this nurse came around and brought me a book, How to Cast Your Own Horoscope, and she said that's going to change your whole life, and it did. Wow, that's amazing. Yes, we've been back to visit Alfie and Carol several times, but Alfie, tell the folks, because this is such an important thing from my perspective because airsoftware is where I get all these ideas for all these lunar cycles and all the stuff that I worked on when I was doing the book, many, many years ago, but tell how long it's taken to do the airsoftware program, because I know so many, the foundation for the study of cycle uses it, Bill Meridian uses it, everybody does cycle work does it, so tell the derivation of how this all started. You know, believe it or not, back in the 80s, I had a guy that had come knock on my door at my school, I had an astrology school, and supposedly he had a seat up in New York, you know, and we started talking and he said to me, if you can run a software that you can predict the market 51% of the time, I'll make you money. 51% of the time. He got me into it, and, you know, we've been writing software to predict the market for a long time since the 80s, and about like eight, nine months ago, I stopped and I said to myself, you know, we've got three pieces of software right now, and a lot of stuff in there, especially in the titanium, there was stuff in there that didn't even work, people buy it and they trade the market and they say, I'll put that in, put that in, so you add all this stuff and it doesn't work, you know? So what I did in the last nine months is I spent, you know, 12 hours a day, almost seven days a week taking every part about it and changing models and changing this, and now we're almost completed with three different pieces of software, and that out in the last couple of days, and I did about like 60 stocks so far, and it seems like you can predict with the new software that we got now, 85% of the time correctly. I think this is better than ever, and so, we're going to release those pieces of software in about a month. Well, you let me know and we'll have you on. Chris Morris is our guest on Wednesday and I hadn't spoken to her for a couple of years, but we were talking about you and stuff, but she's been doing this just a little less than you have, but she's still growing strong and she's been doing it for about 40 years, so, you know, folks, I guess it must be something to it if they can keep doing it all those years and people keep coming back so my hat's off to you. Alfie, let me ask you a question. What is, you know, I like looking at motorcycles, you know, because I watch these little ABCD patterns that are the thing that I follow closely and I count the days into these things, but is there any particular thing that would make a new moon or a full moon more powerful? Would it be the conjunction of a Mercury or something else? Does that help when they're all lined up together? Yeah, it does, but you know, I found also that especially in the cloud, okay, that certain when the moon is allocated in Scorpio it seems like the market goes down so that's two and a half days roughly when the moon stays in one sign, you know and so I'm finding a lot of stuff and I'm gonna write a new book on it when this is all done and, you know, I feel it works now and, you know, the problem with astrology is there's so many things going on in the sky at the same time some of them bring the market down and some of them bring the market down, so you have to sort of be able to distinct between them and this is what we can do now. Actually, I have a piece now in the software where you can say, okay, let's see when the market goes down 5% each time, okay, and here's all the stuff in the sky that's going on, you know or that could be going on which one takes it down and then what it does is it screams them up, it screams this one it brings it down 70% at the time, 60% and then you can take these criteria that works and either going up and down and put them into neural net and you're the one that turned me on neural net, you know, mathematics. A long time ago, yeah, I remember. Yeah, so it goes through the first day of your stock that you download, let's see that you download a stock that started in 1976 goes down to the first day and it says these things were going down and it was going on in the sky and the market went down we'll put this, give it a weight of 70% down, depending on what that is and it keeps going back and forth, back and forth until it curse-fitting and then we do funny analysis in the back and when it curse-fitting you can forecast it ahead. You'd be surprised how accurate that is. Well, listen, I want you to do this for me when you get ready to release it I want you to get in touch with me because we'll have you on for the whole hour and we want to do some demonstrations of what the program can do because I've seen it and people that haven't seen something like this deserve to be able to take a look at that. We think we'd be able to do that whenever it's ready. Yeah, okay. Well, please we're going to have you back on. Yeah, I'm all in twos now with, you know, what it can do. I knew that they could do it because Mick Wooder is back in the 34, she done a lot of work and you know, I was using a lot of her stuff and some work something or but of course you didn't have a computer you know so now with computers I tested and tear everything apart so now I really feel that this is it. Okay, well we're going to have you on again soon my friend so please remind me okay and tell Carol I said hello okay. Okay, thank you Alfie we're going to have you back on again soon so please don't forget all right that's very important that you do that. All right. Let's keep in touch. You bet we certainly will. Okay, folks, we got this a few seconds here but something happened just a few seconds ago as we just made an ABCD in the Dow Jones at $43,244 $34,234 $877 $927 We'll be right back. The opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave the Chapman Wave up-down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman in your inbox every day 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 at tfnn.com educating investors Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter Market Insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter Market Insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at TFNN.com and educating investors Biotech is booming but for how long? Whether you think the Biotech bull has room to run or has run its course trade LABU or LABD Directions daily S&P Biotech three times bull and bear ETFs Visit DirectionInvestments.com slash Biotech today An investor should consider the investment objectives, risks, charges and expenses of the Direction chairs carefully before investing The Prospectus and Summary Prospectus contain this and other information about Direction Chairs To obtain a Prospectus or Summary Prospectus please contact Direction Chairs 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 This program is brought to you by Vista Gold Traded on the NYSE American and TSX under the symbol VGZ Okay folks, I posted the chart of the Dow Jones E-mini here on a 15 minute chart over the last few days you can see on the far left is where we made our high back here on Friday before the holiday now you've come down now and you've seen just a few minutes ago we hit the exact number right here the 382 retracement at 43,000 34,000 it'll be 43,000 pretty soon 34,244 so we were trying to sell at 32,240 and then we really risk 100 points on that now we we caught a bunch of that move to the downside as most of you know but folks when we're doing these patterns you know when you have these tremendous rallies like we have today when that stuff happens they really don't and so you can't do anything that would make you think that it's something you know that you can predict because you can't all you can do is to look at the pattern and then try to see what you were looking at this is what we were looking at if you remember we talked about this on this show many times and you'll see where we went to hold on one second this is where we started just a few days ago up there at that level and then we were able to cover it and of course it's just rally back to a 382 retracement of this down move that just occurred here these last few days now the Dow Jones has gone just to the exact 382 I didn't even have a chance to check the Russell today because I don't trade that but the S&P has gone higher then it didn't make the 78% level sharply higher than the 61% retracement and the Nasdaq went higher than the 61% retracement but the Nasdaq you got to expect that because you're only talking about 10 stocks and when they're in the news every single day they just keep beating it you know you've got Broadcom, Apple, Google, Facebook Tesla all of them are lined up there and NVIDIA I mean they're all there and they're all you know very very expensive and that means they're cap weighted and so that makes it very very powerful whereas the Dow their only price weighted and so it's only the real expensive stocks of the Dow that makes it move Goldman Sachs and United Healthcare and some of the others okay so that's what we're paying attention to today so let's remind ourselves if that's what goes on now I already posted that chart of Apple and what happened to it the same thing with Tesla there's never any panic during this time so the fact that these things have done what they've done really doesn't mean a whole lot because it's just normal market action there's no we haven't seen a crash type or even coming crash type scenario and I believe me folks I've been in the crash type scenario so I know what to expect and that gets down to our old friend yes Johnny I know put the placard up yeah well anyway I've learned so much over the past four years from Tom Hougard about the darn thing folks I have to tell you a story Tom is buying my my library you know I've got oh god I got so many books so I said alright I'll send you a sample copy of all the books that I have I'll pick out 20 of them at random and if you want to buy them you know I told them what I was in the thing for over thousand books over a period of 60 years so I picked out 20 books I take it over to the post office to send by the cheapest way to go by boat so it's got to go by a priority and so she weighs the 20 books and when she told me how much it was going to cost I I literally lost it I said are you kidding me I said shut the front door and raise the rent $210 for me to send books to born with $210 I mean you know and you had all those books you're talking thousands of dollars just in posting so I told Tom I said Tom we'll have to figure out some other way to do it so anyway that's the way I had to approach that okay let's move on here to one of the other charts from that group that we were talking about and I wanted to bring it to you now because it's the Euro it's really come back here pretty good oh dear this is second year for some reason it just doesn't want to go over here there we go here we got it now all right see we've come down here we had a nice sell off we did really good and then today today's action in the Euro is very important I don't have the interday up yet because I can't get it up and do it at the same time but we're back up here at this 109 change level folks we had a thousand dollars in that which was nice we covered it and now the last couple of days we've been waiting for this and it's just explode we wanted to go a little bit lower we didn't quite get there but this is exploding to the upside now so this is getting ready and if this gets above here if this gets above here this means the dollar is going to be weakening and that is not going to be negative to the gold and silver markets and both of those look extremely well I mean they're healthy markets they really acting very good you remember on the gold market this past week you know we said ahead of time you know the gold was going to get down to the area that we thought it was going to be let's get the darn thing up here so we can see it there it is gold move that over here and you'll be able to see we went to almost nearly the exact price folks here in the gold and that was nothing more than a 382 but there was something else there I want to get it up here to show you it's very important you see how the market did the same move right here in the same move right there that's same they're equal moves to the downside that's the harmonics of the market and it's sitting exactly at the 382 which is 1905 the low was 1902 80 and from there we rallied up $35 already and now we're we're still trading at 1933 so these are these are the ones that are really really exciting and silver is the same thing folks there there's talk now that's you know silver is becoming more of a precious metal then a hold on let me get this up here so we can see the same thing in the silver market you know silver has not even was not even able to make its target let me get down here to show you because all it could do was make a 50 percent retracement he would not complete the ABCD he would only get down to the 50 percent retracement now it's rallying back up into this area right here now these moves you'll see this move right here it's very similar to that move right there that's exactly what it was now the problem is the ABCD didn't complete perfectly in silver where as it did in the gold market so the gold is the one we traded because you had more information to tell you whether it was going to be good or not so that's why we're watching it okay that's the main thing you know sometimes they work sometimes they don't and that's all you can say alright let's move on here to one other thing here we'll be right back not quite yet because we've got a few minutes left before the thing go through who our guest will be next week will be Mike Moore on Monday Tuesday Paula Web Wednesday I believe we'll have Stan Harley Thursday hoping to have the Shane Mann the wolf trader as our guest and he'll be on also so let's keep those folks in mind for next week we're going to have a busy week coming through here I want to do one other chart that is extremely important and that is that British pound chart that we were waiting to show you what it was looking like because it is back up to this level right here pay close attention to the British pound now folks because we're back up into this area where it looks like it wants to be in a sales zone these are things that I cover when I do the daily videos you can see here we got this lovely one three five pattern we're we're trading right about this level right here now it's not going to be very hard to put a trade on because the risk for them will be very small probably three four hundred dollars at the max so it's it's set up yet but not quite yet I mean it's just almost there eight seven seven nine two seven six six four eight Billy Ray Valentine Capricorn 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 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 you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at TFNN.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you 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where AB equal CD and both time and price this is what WD again talked about the squaring of price and time you notice the slope with the red lines they're all at 45 degree angles 786 on that move was at 73 27 the stop was 73 67 73 68 risking $400 if you're right it could have several dollars to the downside per barrel and if you're wrong you're going to lose $400 and say thank you very much and go on to the next pattern because when these patterns fail they're telling you something and that's what you have to be really really careful with it's not about how much money you make it's about how much money you don't lose focus on how much you're going to risk not how much you're going to make you're going to be far better off than if you just start throwing darts at it and you know not getting you know getting anywhere so that's what we're paying attention to here today I have a wonderful weekend it was a really nice fourth of July weekend for me I played in tournaments I was able to cash a little bit of money a few hundred dollars and two out of the three and we were able to give some money to charity helping the homeless here in Tucson and boy there's a lot of them but some of them really need help especially the servicemen folks the veterans some of these guys are really they've been hurt badly anyway that's mainly what we're looking at now so have a wonderful weekend you know try to help your neighbors the best you can together doesn't make any difference about color creed any that stuff we're all going to the same place when the final bell is wrong so try to do as much as you can for other people you can't take it with you remember that folks you just can't take it with you there's just no way that you can do that so don't even attempt to so live every day in an attitude of gratitude and may God bless and this is Billy Ray Valentine signing off for TF will make sign our folks