 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. 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 start the show like we usually do, taking a look at the German Dax. Very quiet over there, a little bit of a selloff. Nothing being concerned about the possible pandemic. Also, if we take a look at the footsie, same thing occurred. We had a big ABCD complete up there on the daily charts, up there at 7700. And we sold off about 300 points since that level. And now we're just backing and filling. Folks, there's a lot of news going in the system about this virus out here that's going on, the coronavirus. How much is true and how much isn't, I don't know. But remember, these folks have a tremendous responsibility here to tell them the truth. But whether they do that or not, I don't know. There's talk that it's much less than the SARS virus, but it's spreading much, much faster. Whether that means anything or not, I don't know. So we'll move on to the next one. I have a very interesting guest here. This is the last few days. A good friend, he's been a student for several years. This is his third visit out here. He also likes to go up to Sedona and do some meditation and do some hiking. So he turns it into a little mini-vacation. But he really made my day yesterday, folks. He's made a great deal of progress over the past few years. He's been trying to trade for several years. He tried several different things. And then he started working with me a few years ago. And it's been a long journey, but he's done an incredible job to get to where he is now. And he's turning the corner really quite nicely. But it really made my day when we were sitting here chatting before. And he brought out his book of trading in the zone. And I took a picture of it. I'm going to share it with you, folks, just to show you how important the psychologies of the market really is. This is a book. I want you to see the tabs that are on this book. I think he tabbed every single page because he learned something on every single page. He could almost recite that book from memory. And also, he spent some time working with Mark's wife, Paula, too. So it was fun. But to see him do the psychology part and to see the patterns, he's really gotten very good at picking the pattern. So he's turning the corner. He's already turned the corner. So he's doing quite nice. And so it was a lot of fun to see him make the transition. And it was really interesting to watch it anyway. I thought you'd get a kick out of that because that book is really a great book. If you'll read a page or two of that book every day, that will anchor you to see where you are in the market. Anchor yourself to say that you really don't know what's going to happen next in the market and you don't really have to know what's going to happen next in the market because you're not going to know. That's basically it. There is, the Hong Kong schools have been closed. You can just see the new folks. They've shut down the Starbucks and the McDonald's over there. They don't allow traffic coming into Hong Kong from China. The hotels are hurting pretty bad. So I don't know what's going to happen over there. You can't buy masks. Masks are impossible. I posted those things that Sarah sent me yesterday where they were taking these plastic bottles and turning them into masks because they're not even able to get them. Masks that usually cost $0.15 are going for about $10 or $15 U.S. over there. And that's a lot of money for those folks. So something's happening. And of course it's in a lot of different countries, but we're not being told everything. That's for sure. That's one thing that we can certainly bank our bankroll on that. That's very interesting. Now we will have Bill Meridian on. I wanted to share a few charts with you. First of all, I wanted to show you the Bitcoin. That one we've been following. We don't do this. I don't trade this at all. Tom Hougar does. And he bought that low down there at $6,800. And now it's breaking out to the upside. And so he's adding to his position in here. And so I think it's important that we take a look at this in relationship to how it looks with gold. Now I want to get this up here. And hey, I'm just showing you the... Oh, do I have a picture of those plastic bottles again? I've got them some. Yeah, I do, Ruby. I know where it is. Hold on. They're in my editor here. Hold on. I can find those puppies. Just a minute. Well, I think I can't. I don't know for sure. But how do I move these things around here? That's the problem. Where are they? Go down here a little bit lower. Let me try to get these down here. I'll get them down here if I can. No, I can't find them, Ruby. I don't know how to do this darn thing. I wish I could. They're in here somewhere. But the problem... Wait a minute. This might do it. Nope. I don't know where they are, Ruby. But I will find them eventually. And we'll be able to get that a little bit later. So we'll see if that's going to be... See what that's going to be going on. Okay. Now, if you'll give me a second here, I wanted to talk to you... Oh, just a minute. I'm messing everything up here, doing too many things at once. Hold on just a second here, and I will get this thing doing. I've got a... Hold on. Hold on. Let's just... Bill is here. We're going to have Bill on early, I think. So if you'll call in Bill, let's get started. Oh, let's get this on call. Oh, dear. Okay. Testing one, two, three. Testing one, two, three. Bill, are you there? Oh, dear. Dear, dear, dear. Uh-oh. I don't know if I'm in here, even on the air yet. I think we have a technical problem here, boys and girls. Can anybody still hear me? I think... Well... Okay. Well, let's get this straight. I've got a little technical problem, so when they're supposed to be moving these things on, so we'll get that on. I'm still on the air. I just want to make sure that we get Bill on, because he's got some great information, as always, and I want to be able to do that. I will post that bottle chart again tomorrow, Ruby. I'll have Sarah forward it to me again. Well, I've got it. I've got it. I'll just be able to find it. But basically, it's a three-gallon bottle, plastic bottle, to cut out the bottom of it and use it as a mask. So it's pretty easy, but we'll post it up here a little bit later. There's a lot of scary things over there, folks. The people is scary, but we don't know... Hey, it ain't scary until it kits your family. Then it's really dramatic, so just pay attention here to what's going on in the world. We started with... Star has only killed about 700 people after all the problems it has had. This one's killed 137 that's reported, and that's just been in the first two weeks. So I don't know what that means. We'll see one thing or another. Okay, all right. If you want to join the webinar, folks, for tonight, just go to www.TFNN.com and sign up on the sheet there, and you'll be able to listen in. And I think you're going to enjoy it. I'm going to be spending the bulk of my time going over the things that I've learned from my good friend, Tom Hougard, in the past nine months, and some of the things that we covered in the London seminar. And if you attended the London seminar, this is going to have quite a bit of the same type of information presented a little bit differently, because it was really a really, really good seminar, and I think you'll enjoy it. 877-927-6648. Headed by Steve Dahl, Taz understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the Taz Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee, so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today, and you'll find the Taz Profile Scanner under the Services tab. Sign up today. The Taz Profile Scanner is available for all subscribers immediately upon signing up. You can use the Taz Profile Scanner to earn maximum value, or you're in the market for a second home or investment property. 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We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Call now. Toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, we're back folks and I believe we have Bill Meridian of Cycles Research on today. Bill, are you there? Yes, hi Larry. Hi, how are you buddy? How's things over there? Are they worried about the coronavirus in Vienna? Not that I know of. Okay, tell us what we should be looking at my friend. We had you on about three weeks ago and as I remember it was around January the 10th and at that time you said that you thought the market was getting ready to top up in this area and you were liquidating your long positions. How do we stand right now and what would you like to cover today? Well, do you have my presentation? Page two is up right now, you bet. Let me just explain that I've altered my longer term outlook for 2020. First of all, I'm still bearish short term and we're on a very critical day right here because of that decline on Monday obviously left a huge gap and in the Nasdaq 100 it was a hook sell signal. It went to a new high then close, below the close of the prior day and that was Friday, it did that and Monday it got the huge drop down and one of the things we know from Elliott Wave is that that is probably not a completed correction. It was probably at least an A wave so which means you have to B wave retracement which I think we're in yesterday and today, excuse me. And we should get a C wave down and that is what I'm expecting very short term but like I said this is a critical area and I can, well I've got a bunch of stuff I'll run through that shows you how incredibly overbought and overstretched this market is. So stocks likely to fall short term and we'll see why it's more constructive longer term. Bonds I've switched to my subscribers from a sell to a buy. The bonds actually bottomed about a week before the cycle did and they will probably continue up into the second week in February but it does not look like a bull market year for bonds. It looks like you'll have to trade them back and forth. Gold is likely to continue to rise same price target I had 1650 to 1725 and the gold cycle doesn't top until about May 1st so I don't think you have, if you're long gold I don't think you have much to be concerned about up until May or maybe even for the rest of the year. So if we could go down one more. You bet. The cycle schedule the bullish cycles have dissipated that the last one dissipated on the 10th of January which is when I originally thought the high would be. Two weekly and monthly cycles as we'll see have topped. Now the 12 year cycle is in a down phase for the first two months of the year translated Jupiter and Cap in the early stages of Capricorn. The 1.6 year cycle is in a declining phase until Q1 of 2021. That is the Mars cycle which is about 1.6 to 1.8 years long. And 2020 is year ending in zero. Such years had the most bearish returns but I think that will be negated. That's been a change in my thinking. So first let's go, let's do the contrary opinion cell signal. Look at the cover of Barons. Okay, got her up there. This tells us the Dow probably will not crack 30,000 on this run anyway. And in terms of the S&P, it has hit two upside Fibonacci projections. I think it's five times 666 which is where this rally started back in 2009. Five times 666 would take us to approximately 3,300. And there's another, I'm sorry, I forgot the 1.618 times one of the previous up legs also takes us to this level. So now let's go down one more. And here we have the same weekly and monthly cycles that you've seen. And you can see that they both point down. So this is why, one of the reasons I was calling for a down market and I think that the low is in the last week of February. So let's go down one more slide. There has been a surprise bullish development. Market activity from November through January has found to be a key to what happens in the next year. Now, the reason, the person, some of the quantitative analysts who detected this, I called them and spoke to them and I said, I think the reason is because large institutions like the one I used to work with would start thinking about what the market is going to do in the next year around Thanksgiving time which is the last half of November. By the middle of January, the last week in January, all positions would be taken and big institutions are not going to liquidate large amounts of stock simply because the forecast does not work out in the short term. In other words, if it's markets week in February and March and they're very much long, they're not going to change out right away. I think that's what causes this. Another reason is because the effect did not exist prior to 1950, probably because institutions were not big enough to affect the market. If the market is up in this time period, the market has usually been up in the coming year and the market was up about 7%. That is a strong signal. Since 1950, if it's up by that amount, you've got I think 19 years hit that level and all 19, the market was up one year later. I did not expect this to develop because I thought the top was January 10th and I thought we'd close January on the downside, but I can see even if we dropped sharply in the next, we'd have to drop very sharply in the next few days. Then I checked, did any of these signals occur in the year's ending in zero? The answer was yes, 1950, 1980 and 2010. In each year, this effect, this November through January effect, overrode the tendency for the year's ending in zero to be down. That has been the big change in my thinking. To institutions where I would say, I said by the end of this year, the market will be plus or minus 5%, most likely minus 5%. Last week I shifted that and I said it is probably going to be plus 5%, maybe even 10%. Why is it not going to be higher? Well, it was just up 25%. If you did nothing but owned any equity fund, you were up 25% last year with very little standard deviation and the rise in the market on a daily basis, oh, it was greatly in excess. Oh, last year, instead of 53% of all days being up days, which is what Merrill calculated a long time ago, it was 60, 61%. So on all levels, last year was incredibly easy. It was like the pitcher was throwing big softballs up to major league hitters and they got a hit every time. So let's look at the next slide, which is the 1-4 tenure cycle and there you see the green one, which is the tenure cycle. So that to me now is no longer having much of an effect. So let's go down to the next slide. Here are other cycles, some facts about January going back to 1885. In an election year, the Dow has risen in January 45.5% of the time for zero return and the year ending at a zero, the Dow has risen in January in only 38.5% of all cases for an average loss of 1.4%. In the six election years that have occurred in years ending at zero, the DJI has risen in only two of the six years for an average return of a loss of 80 basis points. So now that I've explained the shift in the thinking, let's go back to the short term. And the next slide, sentiment is too bullish. I can just end it right there, but I'll give you option numbers are bearish in all fronts. Chay, we've got to sell something. Yes, we've got to pay a few bills, Bill. Would you stay with us for the break here and we'll be right back with you. Thank you so much. Bill Meridian, I Cycles Research Works, we'll be right back. Larry Pezzavento has just announced a special 90 minute live webinar taking place this month for subscribers to his Fibonacci 24 seven trading service. On January 29th from four till 5.30pm, Larry will be covering how to read supply and demand and how in combination with his trademark ABCD patterns, you can control risk and maximize profit in today's algo dominated markets. In this live 90 minute webinar, Larry will cover a hidden in plain sight trend change pattern that gives you early entry into the trend how to find and update the key harmonic numbers to trade against in futures, forex and stocks, how to translate three go to patterns into supply and demand and how to use them for entries, the continued importance of the opening price in 2020 and how to use the time of day when taking a position and for entry into longer trends. Sign up now by clicking on the newsletter tab on the front page of TFNN.com and select Fibonacci 24 seven sign up today. 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Don't miss out on this incredible new piece of software. Find your copy of the Art of Timing the Trade Chart today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Okay, we're back, folks. We're talking with Bill Meridian, Cycles Research. Bill, do you want to continue, please? We're talking about... Sure. Go ahead. Traders have bought an extreme number of call options. The record, two weeks in a row. And there's only one other week in the past 20 years that neared 20 million contracts. And that was back in January of 2018. Also, as a percentage of total NYSE volume, excuse me, speculative call buying reached 12.5% of NYSE volume last week. Again, exceeding the prior week's level, which itself was a record. It looks like it's going parabolic. And on top of that, they have not been hedging by buying puts. So that's very similar to the 2000 top. And let me remind you, I was a fund manager in Abu Dhabi with a billion-dollar portfolio of technology stocks. What were they? They were growth, and they were big cap, which is exactly what's leading the market right now. Technology was up almost 50% last year. I don't think you could expect that again this year. So media sentiment. Markets do not peak on bad news. They peak on good news. And I just came from five months in the States. And I was surprised by the absence of gloom and doomers at the beginning of late November. There were some, but by the end of December, there weren't any on the news. And active investment managers in the National Association of Active Investment Managers survey are heavily exposed. The most bearish manager has a net long position. The last time they showed that much optimism was in late November and early December 2006. And if you remember when I was on about a year ago, at the beginning of last year, I was stating that these guys were very, very underinvested. Then in June 30, I made it even a bigger point. I said six months, the market's been running up and they still haven't added enough stocks to their portfolios. So let's go to more sentiment. Wall Street analysts are feeling more optimistic. They're upgrading their price targets on a record number of stocks relative to those downgraded, but they're not adjusting their earnings up. So in other words, they're saying PE ratios are going to expand. They're lifting the price targets, but they're not adjusting their earnings. And that just hit a record. So let's shift over to bonds. And bonds, you can see bottomed on the weekly cycle, it bottomed a bit early to that green line, that cycle bottom right there. Same thing with the monthly cycle. I don't think I didn't put the monthly cycle in here, but they look about the same and they both top the monthly cycle on the 11th of February and the weekly on the 18th. So I have bought the bond ETF, but if you look at the bond monthly histogram, we're in the weak part of the year. Look where we are. We're in February, we're going into February. And look at March. It's the weakest month of any year since 1980. These numbers go back to 82 or three. So when the bond cycles peak out in the third week of February, I would, at this moment, I'll, I can say I'm probably going to go short again. And if we go down to gold seasonality, that's based on the last 51 years. And you see again where we are, you notice March is weak, but you're not really in the strong part of the year. But if you go to the next, these cycles, these cycles have been reinforcing each other. They have been synchronized. That's the weekly on the top, the monthly on the bottom. They both point up. You don't come to any serious top in the monthly until May 1st. So here we got on the weekly, a short-term sell signal, but I don't think gold would fall very much. And next I'll have the same old graph here showing how I'm coming up with that minimum 1650 price level. It's simply a breakout from that ascending triangle. And on the oil, you can see, I can safely say, I think the top came in early. It's the heavy black line that's falling down off the page is the actual price. And that is the monthly cycle. And I was just on a call with Abu Dhabi on Sunday. And they are very concerned about low oil prices. And I said, well, you know, what is, what's the hassle? I said, they, they overspent, right? And yes, that's correct. They overspent. And so now oil prices are not high enough to bail out all the projects that they have started. And you add into that the expense of having to have a U.S. military presence due to the conflict with Iran. This is in Abu Dhabi. And on top of that, as I mentioned, I went there two years ago. And I was told by the governor of the central bank that the U.S. had the UAE had run up a defense bill with the with the UAE and the current administration, the Trump administration collected. So that was a large outflow of cash. And plus that, you know, they had to borrow 30 billion to bail Dubai out of its real estate collapse years ago. And so there's a real liquidity shortage down there. And if there's going to be instability, which I've collected from political cycles in the Middle East, this is not going to help at all. And the conditions in Iran are very dire because they're spending, I was just reading this morning, intelligence report that they're spending lots of money to control Syria. And meanwhile, people at home, you know, at hell with Syria keep the money at home. So they're having a lot of unrest there. Bill, we've got a couple of questions. One is, do you still believe that the president is going to get through this impeachment when you talked about this six or seven months ago that you thought that he was going to be able to get through it? Is that still your feeling? Yeah, it is. But what makes me nervous about this is the way they've set this up is none of those people in this procedure are friends of the president, I don't think. And this includes Justice Roberts, because I remember when they swore him in, he appears and sounds conservative and then he mentioned a book that's one of his favorites and it's written by someone who believes in one world government on the Council on Foreign Relations. And then, of course, there was his vote on the Health Care Act that got the American people stuck with it. And so, no, I'm not to opt. A lot of these people who have picked like Romney and Collins, they're all what we call rhinos, Republicans in name only. But I don't think from what I've been told by the experts, this can't stick. So I know I don't think he's going to get impeached, but the eclipse next December is exactly opposite his son. And the last presidential candidate who had something like that, an eclipse opposite the progress son was Romney, and I ignored that at the time. And so, judging by what I saw in the states, I don't think he can lose an election. So what are the possibilities that he gets elected and doesn't finish his term? I mean, I'm trying to resolve this, and of course it'll be much easier when I know who he's running against. But most of the people there, when I was in New York, these were people who were very undecided about him and now firmly pushed into his camp because they see what the Democratic Party is offering, and they don't want that at all. So they'll vote for him again. But this whole procedure, I mean, to be impeached by a secret whistleblower whom they won't name and you can't question or confront is absurd. So listen. We want to thank you for coming on. I posted your information that they can reach you. So Bill, thank you so much. We'll have you on sometime in February if you have the time. Okay, my friend? Sure. Okay, thank you, Larry. Bye-bye. Thank you. Bill Meridian, folks. Cycles Research of Vienna, Austria. Devil Make Care type. Good guy if you've ever met one. We'll be right back. 877-927-6648. If you're in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the Tax Opportunity Zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. 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The Gold Report took profits in four of its equities in the Gold Portfolio in the first week of January for a combined profit of 99.2%, with two positions left in the portfolio that have a profit of 67.5% as of January 7th. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money-back guarantee so you have nothing to lose. Every Monday morning, I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting tfnn.com. Don't miss out on the next great gold trade. Sign up today. Until the S&P 500 continue to climb for bold trades on U.S. large-cap stocks in either direction, trade SPXL, SPUU, or SPXS, directions daily, S&P 500, bull and bear, leveraged ETFs, direction leveraged ETFs. 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Shut the front door and raise the rent. Let's do it again. I know I posted them in here. I'm sure I, well, I'm not sure of anything anymore, but let's get this up here. There's the first dude. Oh, right. That's that one. All right. Give me this one. And then here's another one. And then we will get on and then we'll talk about this New York Stock Exchange Index chart because that's an interesting one to look at also. Here's a second picture. That's a little child with his mother and with a plastic bottle over their head. And then they're also wearing masks inside the plastic bottle. So the folks over there, they're quite scared folks. I have a friend in Wuhan, China. And I know that those folks are quite scared also. And we don't know whether the figures are correct coming out of there. I mean, you stop and think this thing is spread so quickly that you don't know whether it's going to be something really dramatic or not. You know, I don't know. You never get the news, but watch the charts. What we've done so far, you'll notice the chart on the New York Stock Exchange Index. We had that big top that we talked about on Friday when we had the 1.628 expansion on the S&P at 3355. And then we broke 100 handles down to 3225 and we've rallied up about 80 handles up to almost a 61% retracement level that comes in around 3300. So that's it. So that's it. I'll put that NYSE chart back up again because I think it's important. And the reason why it looks important is if you'll take a look at the gap, you see, we've tried to fill the gap. Now, we filled the gap in the NASDAQ and we filled the gap in the Dow Jones industrial average. We have not filled it yet in the cash S&P nor the Dow Jones. So that was an interesting one to see what's going on. The Russell is by far... If you're going to pick something to sell, pick the Russell because that's the weakest of all the four indices. It's a number two. Dow Jones is the last of the four. The number one is the S&P. Number two is Russell. Number three is NASDAQ. And number four is the Dow Jones. And all of those... Basically, the open interest in the S&P yesterday was unchanged, but it was down big in the NASDAQ and also in the Russell and also in the Dow Jones. It was only the S&P had a marginal. I mean, with 2.7 million, I think it was like... I think it was maybe 5,500 or something. It was really a very small increase, which is not barriers considering we had this huge rally. But I did want to show you something that I... Here's what I do when I have these earnings. I don't trade these, but I look at this because I do look at the NASDAQ and the S&P. And when the earnings come out, I want to see what's going on. And if you take this hourly chart, which goes over the last three weeks, look at this beautiful three drive to a top pattern. That's also a 1, 2, 3, 4, 5 expanding triangle right up at the high at 327.92. That was a 1.27 expansion of the move from the 22nd down into the 26th. And I know we're trading a little bit below that right now, but it's interesting that it hit those patterns. It's because they do follow. And I believe that these markets are normal. They're natural. They're doing what they're supposed to be doing. I don't think anybody is in control of them. The Fed can certainly make things move at a certain time if they want to do that. But frankly, I think it's natural law. Remember, we're going to have Shane's million on Friday. He's going to spend a great deal of time showing us how the Fed does these operations and what it means as far as how the markets move. And here's something that was sent to me by our good friend, Rich Anderson. Okay, hold just a second. Let's get this up here. You'll see the red line is the S&P 500. And you'll notice that the Fed balance sheet is the one in green. And there's been a little divergence here in the Fed balance sheet since 2017. So these markets are going up because they've had more buyers and sellers. That's what it amounts to, folks. So where it keeps going from here, we'll have to wait and see. That's the bottom line of what we're looking at. The gold market. We've had some really strong support down here at $15.62. And we had a nice $13 rally this morning. If you get the video last night, you'll see that we pointed that out that there was going to be some pretty good support there and also in the platinum. Both of them lined up exactly perfectly, and that's it. Peek is asking me if the central bank is suppressing interest rates. How can it be natural? Peek, I don't know anything about that kind of stuff. All I'm doing is price action. I've really trained myself not to try to think in those terms because it clouds my mind. All I want to do is see the bar chart. And when I do get into trouble is when I start listening to this stuff. When the Hong Kong market was bottoming in August, that's when all the protesters start. And they were throwing Molotov cocktails. Well, you'd think the market would go down. Well, the market rallied all the way up to the 78% level. Now, with the flu that they've got over there, it's down 3%. Do you realize if we were down 3% on a Dow trading at 2900, you'd be looking at a 700-point drop. And at two days in a row, you know, that hasn't happened here. So we'll see. We'll wait and see. Here's a great quote by David White from Richard D. Wycoff. And we're going to have possibly Jim O'Brien, who's an old-time guy about my age, and it does the Wycoff work. We might have him on next week as a guest. This is from Richard Wycoff back in the 1930s. Unless you completely discard all news reports, tips, corporate statements, crop situation, and other types of news, you'll be unable to get the best results from the market operation. Richard D. Wycoff. Okay, fundamentally speaking, the charts don't lie. I like that one, Marshall. That's a good one. When prices are going up, there's more buying. And when prices are going down, there's more selling. And that's how it ends the game. All right, let's take a look. We talked about the crude oil in the video last night that we were getting up in this area for really strong resistance into that gap at 54. We got to 54.34. We dropped a dollar a barrel this morning. So if you were able to get in on that, that would have been a nice thing to look at. But we're going to have some great volatility in these markets, folks, because it's really going to be really, really quite exciting. So it's going to be a fun day here in the Old Pueblo. Weather is starting to warm up a little bit. By the way, we have the big jewelry show coming next week. If you want to buy some nice jewelry for your girlfriends, send me some cash, and I'll do some shopping for you. I can get synthetic diamonds. We could pass off as real ones. No, they don't do that kind of stuff here, but it's a lot of fun. They have 40,000 dealers coming in, and it's a fun 10 days here in the Old Pueblo. So we'll see what's happening. Someone's asked a question about the hogs. Ruby, the hogs, once we broke that bad close on Friday, that was certainly telling her that something was wrong. We went limit down, I believe, one day, and then we bounced a little bit. But none of these commodities are showing any signs of bottoms right now. And when they do, then we'll take a look at them. But right now, they're breaking down. Even the wheat that was a sell-up there at the 591 level is broken more than 40 cents. That's a lot. And that's partly because China is pretty much out of the market. They've shut down that country. And do you know that we still have flights coming in from China? Can you believe that? I mean, I can't believe they didn't stop that stuff. I mean, that doesn't make any sense at all, especially since this flu is relatively contagious and has a long incubation period. But that's the end of my medical training for today, folks. Listen, we're going to take a little break here. I think to pay a few bills when we come back, I'll talk to you a little bit more about the webinar and that I'm going to do tonight. And then we'll see what happens. 877-927-6648. And for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is, markets can be timed. And I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. 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Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page. TFNN.com. Educating investors. Since 1984, Basel Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand-drawing charts from the late 1970s into the 1980s, Basel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basel found that computer software, which included the standard market technical indicators, enhanced the degree of accuracy in calling price turns, as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology, along with other indicators, Basel Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now, you can get a two-week free trial to the opening call, Basel's daily trading newsletter, by visiting the front page of TFNN.com. Cancel at any time during that trial and pay absolutely nothing. Get your two-week free trial to Basel's newsletter of the opening call today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Okay, folks, I posted a chart of gold up here. The reason for the seminar tonight, the webinar is that I've been working with Tom since 2003, but he has made such a transition over the last six or seven years that it's really amazing to see what he does. He does things differently. He trades really strong trending markets, which I've always had a difficulty with, and after watching him operate for about six or seven months, I discovered something also with the help of my good friend, John Jameson, and we saw a pattern in there that looks really interesting, and so we did a seminar with Tom and David Paul in London. It turned out very nicely, and since that time, we've made some even greater ideas to help trade some of these things. So that's part of what I'm going to be looking at. We'll be talking about harmonic numbers, the opening price, and each different entity has a different pattern for the opening price. With the year, it happens to be 30 minutes and the FX for Apple, it's 15 minutes. There's just one that just really fits nicely. In other words, most of that action comes in the first 15 minutes or 30 minutes, and each one's a little different, and we're putting together a little pamphlet to show you which ones these are, so you'll get that a little bit later if you subscribe to the webinar and see, but I think you'll enjoy it. You will learn something, and you'll make some money off of it, I believe. So if you do get a chance, try to come in and listen to it, and I think you'll like it. We'll have some follow-up, of course, and see some of the things that are happening. We're going to see some incredible volatility here, folks, these coming months, much more than we've ever had before. Part of the reasons are the things that Bill Meridian just talked about is the contrary opinion and the fact that we have the pictures of Barron's $30,000 on the Dow. I can remember when, Bucky Dent, well, no, Bucky Dent was the baseball player, Harry Dent. Harry was talking about a $30,000 with a Dow was at $1,500, so well, that's only $3,000 and the Dow, that's not $30,000. That's a little farther off to see, so we'll take a look at that. Anyway, live every day in an attitude of gratitude, and may God bless. We'll see you, Shane Smollion will be on tomorrow, not Friday. Tomorrow will be Shane. Thank you.