 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. This is a test. I hope you folks can hear me I think I've had a little bit of technical difficulties not to be surprised Usually happens that way. So I Don't think anyone can hear me because no one says anything in the tiger den. So this is not a good sign Mr. Bill tells me it's a okay. All right guys. We're ready to go Let's take a look here at the footsie and the Dax as you can see and they're lining up You know really really nicely. So There's a really nice pattern the Dax should be making a top up in here But whether it is or not we'll have to wait and see the footsie of course we're waiting on Boris little Trump Johnson to see if he's gonna make it through Parliament and the odds are he's not and that means there's gonna be some really big shenanigans happening over the weekend in the British pound and It's gonna be rocking and rolling over the weekend would be my guess with this vote. That's going to be occurring Okay, folks, I posted the chart in there. Let's double check just to make sure we'll do the Well, here might as well. I'll get this get this one out of the way here Hold on one second to see if we can get this thing moving a little bit. Oh Dear don't like these technical difficulties Okay, yes, I said the the footsie and the Dax Simultaneously so that you'd be able to see them because I did want to Pay attention to one other one that we've got going here that could be happening this morning We want to pay attention to it. That is the one for the natural gas. So I'm sorry Al I didn't realize that okay now you can see the natural gas is making a nice pattern here this an hourly chart but This would also be a very interesting pattern too. So pay attention to that one folks This is the anniversary date of the day before the crash in the stock market in October the 19th 1987 I wanted to do a little review of what happened because it was one of the most exciting times in my life, of course and Let's take a quick look of how this thing all started. Let's get this up here. We'll get this out of the way here and Then we'll be all right. Hold on one second All right, let's see if we get this right Okay, here's where we're here's where it all started folks it all started You see all those little that little arrow. This is from page 134 in my book Astro Cycles of Traders Viewpoints. This was the top of the stock market. You can see there were five planets at major conjunctions or oppositions and we had a new moon at the equator and It was Mars was trying Jupiter very very bullish and I had been on T Wqt, let me see what was that one FNN financial news network in Los Angeles with Bill Griffith and Suherer saying the top was coming in that day and that sometime during the The move into October that the market would be down more than 300 points in one day because all I was doing was taking The biggest down day multiplying it times 1.618 to come up with the points of 300 points Well, it was down 550 but this is how it all started you'll see that the top came in on the 25th What we want to do now is we want to go over to see what was happening at that time I just want to get this up just to give you an idea. This was very very important folks And because this was a big historical Gold and silver were very bullish during the crash. They were they were going up quite a bit silver was up the limit that day Gold was up the limit. You'll see where it says five planets at zero degrees That was the 25th of August. That was harmonic convergence. The market came down into September Which was a solar eclipse it rallied up to the 61% retracement of the August high That was on October the 2nd. That was a On October the 2nd. I bought October puts and I bought them way out of the money You see it was trading around 2650 in the Dow on the S&P was forgetting on 280 or something like that and I bought the SP Y puts and for expiration on October the 16th, which was a Friday and you'll see on Friday the October the 16th The market closed down sharply. It was down a hundred and six points when a hundred and six points on the 2500 Handle is it's a lot. So it was a big day. I got really great prices had I bought November options You can see what happened the next day the market, you know would have paid probably 25 times more than what I made But I was extremely happy that Friday. We had a big weekend planned On October the 17th, which was a Saturday. Those of you that never heard of Merrill Lynch Well, the real name of Merrill Lynch is Merrill Lynch Pierce Fenner and Smith. That's the name of it Well Smith was grand daughter was being married at Hearst Castle at the Neptune pool and we were invited my daughter and I Laryn couldn't come because she was back east at school But Jill and I went to the the party there that was on Saturday and then on Sunday at Horowitz my very very dear friend Was being married at the Bellaire Country Club in Los Angeles and a big Jewish wedding and many many market wizards were there for that that was on Sunday the 18th and we had a wonderful time and She drove down with me because I figured I'd have it too many glasses of champagne Which I really didn't it was just just having too much fun and we got back late around 7 o'clock at night It was close to close to 9 o'clock at night I believe and for some reason I just happened to check with the overnight desk at Drexel That was the old days when I still had the number and Drexel was still in business And they told me that the markets were really crazy the Swiss Frank was up like 200 points and Dow was up 20 we had no overnight markets or anything like that but It said that there was something really dramatic happening. Well, let's just show you how dramatic it was folks Let's just just to give you an idea how bad it really was here Here is the day of the crash. All right, let's just get this up here and You'll notice here. This is the C October 14th. There's October 16th That's where my options expired and it was really great and that was really terrific But here here's what really occurred see on the 19th the 19th. You see that that was that Monday morning The market gapped down and what happened was when it gapped down it triggered all of these option guys You know, they they work on standard deviations from the mean and that put them under they had to cover Because they were they were exposed. They didn't they didn't know how to handle it But the problem was folks during this time during October the 19th when the market was making its bottom You know, you see the bottom was actually made on the 20th the next day But the handles you see we were trading it around we were trading it around 275 in the S&P folks What it was this was the large contract. This is equivalent to 10 contracts Back in those days. So it was trading a handle was trained. It was trading 10 points between handles That's that's basically a hundred e-mini S&P points between buy and sell. That's how bad it was There was no liquidity the market was fall free falling and there was no nobody standing in front of it because they couldn't Because you didn't know whether the trades were going to clear or not And if the other person was going because they were in a pit they didn't it was electronic trading This was you know eyeball eyeball and that's what the real problem was and once it started down It kept going down and down and down till we finally bottomed We'll be right back eight seven seven nine two seven six six four eight If you're not currently using the TAS profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The TAS profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve doll TAS understands that in today's Analogical 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 doll and Tom O'Brien just hosted the best way to use the TAS profile scanner to profit This webinar archive is available for all subscribers immediately upon signing 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 TAS profile scanner under the services tab sign up today Are you in the market for buying or selling real estate in the Bay Area including the surrounding st. Petersburg Tampa and Clearwater markets Tiger real estate LLC is a firm that has extensive experience in the Tampa Bay area Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed Decisions across all price levels from the price You should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the Biggest decisions of your financial future called Tiger real estate LLC today at 727-329-8322 Or email us at tiger at tfnn.com that's 727-329-8322 call us today Many of our new listeners have heard about the Tigers Den The Tigers Den is a lively community where professional traders and investors can meet exchange ideas and information in a comfortable moderated atmosphere Hear all of the TFNN shows plus see all the charts as they happen live and have access to archives of all of those charts You can test drive the Tigers Den absolutely free for 30 days and greatly enrich your knowledge of these markets And how to make your money work for you details on the Tigers Den on the front page of tfnn.com TFNN has launched our brand new website You can still visit us at the same TFNN.com URL But when you do you'll see a new and improved homepage with a much simpler navigation Whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions We even have new pricing in six months and yearly options Check out the new TFNN.com now and experience all the upgrades TFNN.com educating investors 7618 Okay, we're back folks. We're talking about the crash of October the 19th 1987 the market made the bottom on the 20th. That's when the plunge protection team changed the rules so that the stock people and banks could put their Their inventories at market not at the price they had to buy it for which was a big difference And that caused the market to open they opened the vaults said the market stops going down here That was interesting because on October the 20th. We were setting exactly Folks, I mean you have to go check this for yourself. It's exactly the 61 percent retracement of the big low from August the 9th 1982 and here we were five years later making a perfect bottom at a 61 percent retracement with the Dow I believe it's 16 that 1600 and change and from there we've gone to 27,000 and still going higher Okay, now let's have a little story time here folks one of the fun things through my life is that I was had a lot of Coin dealers and stuff and really fun folks that I did business with at the Drexel Burnham And one of the things that we did was every Christmas we would rotate And it was we would have Thanksgiving and it was really an extravaganza They were always catered and it was just really really great and this one particular Christmas we were at Bob Gamilion's house up on Mulholland Highway above Beverly Hills and It's just really great probably at 75 to 100 people there And we were watching football and the kids were in the pool playing it was it was a lot of fun anyway, we were we were in the kitchen setting at the bar and One of the housewives kept asking Bob, you know Bob Would you like to have some more a Waldorf salad Bob? Would you like to have some more dressing Bob was very gregarious and extremely generous? So all the housewives always coddled up to him and he loved all of it And he he certainly knew how to do how to handle it and finally he said look he said come here He said let me explain something to you He said this little old lady walks into the ice cream shop and she says I'd like to have a quart of chocolate ice cream and the young man says man We don't have any chocolate ice cream. She said okay. She looks up the board again. She said hmm I think I'll have a pint of chocolate ice cream and he looks at her. He said ma'am. He says we don't have any chocolate ice cream Oh, so she looks at the board again, and she said okay. She says I think I'll have a chocolate ice cream cone And the young man looked at her. He said ma'am. He said would you look up on the board up there? And she said how do you spell the straw in strawberry? She said s-t-r-a-w And that's interesting. He says there is no How about how do you spell the van in vanilla? And she said huh The a n he's now look really closely up there at the chocolate He said how do you spell the f in chocolate? And she said there is no f in chocolate. He said lady That's what i'm trying to tell you and that brings us to the next chart And this one is the one that we're going to be looking at which happens to be The treasury notes and the reason why i'm showing you this you see there back in october the fourth Way back several weeks ago. You see where it says open interest was dropping All the way through the second and through the seventh You'll never guess what's happening today boys and girls monday Tuesday wednesday thursday drops in open interest in the e many s and p 500 folks The the people are leaving the restaurant There's no more chocolate. I don't know when it's going to happen, but when it happens, it's going to be really bad Just pay attention to it. Uh, you know, it's going to be very very interesting up in this area So pay attention to it because we've got some real interesting things going on Now the another thing that I wanted to do yesterday. Uh, they asked me to you know to send the the ai forecast For the uh for the e many yesterday and i did i'll bring this up here to let you see it This is what we were looking at your market did top up there around 9 46 we dropped about those 16 handles rallied up About 10 handles and then you know closed near the correlation was very high I want to do an experiment here at tf and n i'm thinking of maybe bringing this out I'm going to do a one month experiment experiment if you would like to do it for one month It's going to be at the cost is five bucks a day hundred dollars for the month only we're only going to do it for one month I'm going to do the crude oil I'm going to do gold and I'm going to do the e many s and p or the Or the or the dow Jones whichever one, you know is lining up. I'll be sending these out To you ahead of time so you'll be able to look at it and also you'll get a copy of my book on how to do this Artificial intelligence that I wrote wrote back way back when but i'm only going to limit it to just a few people Probably six or seven at the very most I want to test it to see if you get as much usefulness as I do because these things work pretty well But the problem is they don't work all the time. But for instance, let's just take a look what we have going right now In the gold market. This is uh what we're watching here. If you're interested folks, uh, you can Just email me at larry pass evento at gmail.com and I'll tell you more about it But it's just going to be a one month test And this is what we're looking at. You see the the gold top pretty much where it should have The and remember folks these these this blue line that you're looking at is a vibration line has nothing to do with price It's like a it's like a sound wave. In fact, that's probably what it is But it's it's a sound wave that tells you when something is going to change It's like if you had a tuning fork and you tapped it and you grab the tuning fork to stop it That's the same type of thing that we see when we're looking at the market So that's pretty much what we're watching here to see what's going on. Anyway, um The dollar index that we've had it. We've had a we've talked about that folks. We we knew this dollar index was in big trouble Uh, whole last week well two weeks ago when we made that triple top up there this is when the when the uh, let's just get this up here so we can see it when the uh, Euro was down around that one 109 and change or excuse me 108 and change now we're of course 111 uh 111 70 and we're getting close to some pretty significant resistance up here in the euro But uh, that means the support that we're looking at here is going to be coming down to around 97 in that us dollar Once we broke that that's when that euro broke out of the 10 110 I went 10 40 level and moved 100 pips higher because the euro is 53 of the dowel index or the dollar index And that's why you're looking at that particular one as you as you look at those things So anyway, that's uh, that's what we're watching here to take a quick look at it so you can see, you know, what we're watching Here here. I wanted to show you last night This was the prediction for last night in the e-mini s and p You can see here that should have bottomed around three o'clock in the morning We went up the rest of the day He has a pretty good idea what you do is you match up the patterns with the ratios And if the time comes in at one of those spots, you got a really good place to look at it And you know, that's what you're really really looking at when we get by the way the crude oil is acting extremely well We talked about that yesterday that it had a really good chance to come blasting off off of these lows and we certainly did I know quite a few folks. Well a few of you anyway Bought the crude oil. It's you know, it's moved well over two dollars a barrel Off of that over the last couple of days. So that's a very significant move here. Well, we got the break coming up already eight seven seven nine two seven six six four eight if you have any questions And I'll be more than happy to answer them And we'll see how this all handles it out, but we'll move on to the next one here Pretty soon when the old ring comes up. Remember on Tuesday, we've got tom hugard on wednesday We've got david paul. I want to talk a little bit about tom when we get back from the break Just to give you an idea of what's going to be coming up next week Larry Pezzavento has just started his brand new service Fibonacci 24 7 and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends Each monday, you'll receive larry's written report that provides detailed commentary and a summary on the charts and videos that larry sends out And throughout the week when warranted larry will send out via charts or videos or both the key markets that he is watching during the day This will be up to the date active trading information that will help you in your daily trading in larry's first week alone He sent out 25 charts six videos and a full report to his subscribers in just one week If you're a technical trader that uses patterns and retracements to trade then larry's service Fibonacci 24 7 is something that you must try right now New subscribers can get a full 30 day money back guarantee with nothing to risk sign up now to larry pezzavento's Fibonacci 24 7 by visiting the front page of tfnn.com under trading newsletters The path of least resistance is david white's daily trading newsletter And if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter Using a combination of equity trade along with options david keeps his subscribers up to date with all pertinent market information with Intraday afternoon updates when warranted don't miss out on this great chance to get a 30 day free trial to david's daily newsletter The path of lease resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently And if you'd like to see the type of newsletter he delivers every morning Then visit the front page of tfnn and you'll find the path of lease resistance under trading newsletters For all the details and to start your 30 day free trial today log on to tfnn.com now Tfnn is excited about our new software charting program the art of timing the trade chart In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for fibonacci formation setups Including guard lease abc's butterflies and much more the art of timing the trade charts is designed to help you When scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks Or even months searching to find and right now we're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts 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 one of the things that I wanted to chat with you about is we're going to have tom hughard as my guest Next tuesday, and i've known tom for a very long time But here was something that uh goes going back into the history books This is the kind of work that we were doing way back then This is the s and p in that crash of 2007 we counted the the fibonacci weeks between 13 21 and 55 And of course we're over We're over 13 And 55 weeks as we speak this week whether that means anything or not But what we were watching is the the as the move came down We were waiting for the market to reach one of these points and then tom And I were selling and it turned out to be a you know pretty nice move But you know sometimes they don't work out the same what's different now Is that tom has he's only right on about 25 of his trades But boy when he is right he presses like crazy folks and i mean he makes Makes a lot of money Anyway, uh, he's going to be talking to us about how he does it and some of the things and then on wednesday David paul will be on he's a psychologist mathematician PhD And he was the one that turned tom's trading from being very good to being superhuman He's he's definitely in the super trader class without any Without any Uh, I mean, I mean in the super trader cloud. He well, he's still young. He's only 50 So he's going to be even bigger probably as he goes through the old rest of this stuff Okay, let's talk just a tiny bit about the gold market Hold on boys and girls. I'm hearing in the old beep arena going off here. This is what I want to be seeing here. I've got a A little order setting it here. Let's see if we move this around just a little bit more Okay All right, uh, let's talk about the gold market. Uh, I believe the gold has got a chance here folks We're we really need to get we've talked about it before we really need to get that gold above the 15 Uh, 1502 level, but if we look at this here on a four hour chart here You'll be able to see we're trading you see around 14 94 right now We really need to get it above the the 15 uh, six level because folks watch this Watch this gold chart really carefully because that could have been a major high back there with that hand of the hand Shoulders back on September the third and the reason why I say that you'll notice the abcd pattern went right down To the exact price 1470 we were buying it there, you know, the low was uh, what 14 66 or something like that We had a heck of a rally And then the market's backed off. It made a beautiful gardener down here back on the 10th We haven't gone anywhere. We've got lower tops still So what it appears to me is we've got one more move to the downside, but If the market clears 15 12, what's going to happen is look closely because between october 1st We rally up that's point a october 1st point b will be at 15 27 the market then comes down to make the low that it made just this past week at 14 79 if you remember that and we've rallied 20 bucks from that level and that makes an abcd structure That takes you to the 15 30 level and that brings in a perfect abcd And between the head the shoulder and that target would be a 135 pattern So if and i'm saying if because we're 40 bucks away if we clear 15 35 Boys and girls, this is not going to be a bearish chart. This is going to be extremely bullish So that's it. Ideally what we'd like to see is one more move down into that 14 55 level washing out the last of the bulls that bought down at 14 67 68 level and then that's where you have the big move. Remember, we still have an outstanding target in silver at 14 16 60 Natural gas. Do I like natural gas? Of course I like natural gas. Yes. I just posted that this morning. I thought didn't I? Let's get this up here and we'll see where do I like it? Here we go, mike. You'll see Right around 226. We've been down to 229 so far this morning And that's what it looks like. We're trading at 229 60. So, you know about three bucks lower It's going to look pretty interesting to me to have a situation where we'll be looking at Something that will be pretty exciting. We'll see if that's going to be the case. That's basically what we're watching So pay attention the british pound folks I did a lot of work on the british pound that i'm going to be bringing out in the newsletter this weekend I believe we got a chance at something if there's a big surprise somewhere and there certainly could be because those people play politics Much better than we do because I don't know if we even play it or not, but it's uh, it's it's really quite interesting to see That we've got Some of these Politicians over there saying that they're not they're not going to back this brexit thing And now they want to do another referendum and have another vote on it I don't know if that they didn't they didn't validate the first vote. Why are they going to validate the second one? You know just no way that that uh, that's going to happen So pay attention folks what I talked about on that little joke about the chocolate ice cream thing in the open interest That really means something folks the players are leaving the restaurant in the s and p There's no new buying coming in here up with these high levels and that's not a good sign We saw that in treasury notes for six days in a row So, you know, these markets repeat over and over again and open interest is the number of players coming in when the players are leaving You have to realize it's going to leave a vacuumy and saw what happened to bonds I mean, even though it's negative interest rates look what happened rates Rates spiked quite a bit. So let's uh, remember that it's very very interesting. So Pay uh, pay close attention to it. We should be uh, you know, real interesting to watch this as we open this morning We broke a little bit in the s&p We've now rallied back about seven handles not surprising heck You could go back and make a new high because the shorts are absolutely scared to death in this market No question about it folks. There's a great deal of support at 2986 in the s&p. I hope I still have the chart I'm not sure that I do I put I sent it out last night to everyone so that they could see it But at 2986, there's a great deal of support Setting there in the s&p any move below that Would tell us that uh, we would be watching a market that is possibly if we get below this is not going to happen today I don't believe but if we were to go below 2960 today, that would be a weekly reversal folks In other words, we would reverse all of this week's gains That we opened in a 2955 on monday and that would reverse but that if that happens You don't want to be long over the weekend. You want to be short, but that the dots of that happening are You know very very small. It's just not uh, it doesn't seem to be in the cards So let's do that. We've got a question about bitcoin. I want to get it up here to let you folks take a quick look at it here Here's the bitcoin as you can see here There's a potential here. This is not a very good one three five pattern and the reason why folks Both of the ratios are more than 78 retracement. That's your first sign Okay, and there's no symmetry here in other words between the 29th of october and the 7th It should have come in around the 14th and here we are four days later And not only that but look what happened here between the night between between the 29th of september We rallied up came down abc c forms on october the 7th we go up and make an abcd pattern at 8800 And boom we come down at 8800. That's a 382 retracement of the high Way back at 10,000. God darn. That's got very shriveled all over it boys and girls Bitcoin is headed south eight seven seven nine two seven six six four eight 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. 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If you'd like more information about the tiger first mortgage program, you can call me at 877 518 9190 That's 877 518 9190 If you're a trader in the market looking for exposure to gold or gold mining equities Then now is a perfect time to sign up for tom o'brien's gold report The summer is over gold is trading back above $1,500 and the 10-year treasury is hovering at around 1.5 Tom o'brien has been writing his weekly gold report for almost 18 years There's no one that knows more about how the gold market trades and how gold mining equities react New subscribers get a 30-day money back guarantee. So you have nothing to lose every monday morning tom publishes his weekly gold report with coverage of gold silver bonds the xa u hui gdx the dollar as well as more than 30 different mining equities as of september 3rd Gold report subscribers have five active open positions with an average unrealized profit of almost 38 for each position to see for yourself the types of profitable trades that are recommended within the gold report Sign up today by visiting tfnn.com Will the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spxs Directions daily s&p 500 bull and bear Leveraged etf's direction leveraged etf's an investor should carefully consider a fund's investment objective risks Charges and expenses before investing a fund's prospectus and summary prospectus contain this and other information about direction shares To obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com A fund's prospectus and summary prospectus should be read carefully before investing An investment in the funds is subject to risk including the possible loss of principal The funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services llc The bull bear trading hour with tom and tommy o'brien next All right, folks. We're going to take a look at the treasury bonds this morning as you can see Over the last couple of days. We've made a gartly again Uh, this one seems to have held because we've had a pretty good rally of about a one handle already remember we've come down from 67 to down to 59 eight handle drops and so we're due for a A correction here in the market But as we mentioned earlier, you know when that market was topping open interest was dropping folks Open interest is the number of players coming into the room And if they're not coming in that mean the restaurant is out of food Just a matter of time. Well, that's what history says, but unfortunately short covering can last a very long time So you have to be extremely careful as we as we look at some of these things going forward The other one that looks extremely interesting, of course is this british pound We did a lot of work on this You'll notice the first part of this move in the british pound has completed We got up to that exact three eight two retracement at 29 80 It was exactly the same move that we had during december january February and early march and here we went from august september and october again three months rally this a weekly chart, of course, but There's a possibility if they do something really crazy at brexit that we could make 130 190 There's going to be some really interesting work that i'm going to do over the weekend on that to show you the relationship To that and how brexit started because if you look at this chart really closely, you'll notice that brexit was on the 27th of june 2017 at 150 that was a beautiful abcd pattern We went short at that time. I can't believe we showed we sold it at 149 90 And it you know dropped to 19 handles in one day Well day and a half, but it was really, you know, really a spectacular move But there's a possibility that relationship there now that we're coming out of brexit Could be doing the exact opposite. So we want to watch it very very closely That's one of the main things that we're going to be keeping a very close eye on here this morning. So the next one Someone's asked me Was about the crude oil. Where do I think crude oil is going to go folks? We're back to the highs that we were last friday That's exactly where we are. We we closed last friday at 54 55 we're trading very close to that right now We we've had rally two dollars a barrel over the last several days It was a perfect 135 pattern. You you can't make this stuff up. I mean it was We were you're well, we're not making any words You'll you'll see here that we'll take a look at it. You'll be able to see that's what we're watching here That 135 pattern held we were back up to that high that we made last friday at 54 And change 54 55 going above that sets up an abcd structure Uh to a 57 and change Which would be a 61 percent retracement of the move we had on if you remember on september the 13th When they were dropping the drones into saudi arabia crude oil opened at the 78 percent level at 63 dollars a barrel we were doing the seminar in uh London at that time and we did a lot of work right live as it was going on and showing that that was most probably going to be The high of this run in crude oil at 63 35 and by golly It certainly was and the market went from 63 35 all the way down to just a tad under 52 drop 12 dollars a barrel In the midst of a saudi attack Or the attack on the saudi oil fields with drones If any of that stuff is true or not And i'm beginning to believe that most of this stuff in the news is just absolutely ridiculous and it's sad But that's neither here nor there and not only that folks, you know I'm not going to say anything because i'm going to get in trouble about politics about hong kong But uh, hopefully the fighting is slowing down over there, but doesn't look like it is But either here or there we'll see what's happening. They they the people in hong kong these protesters Actually, they're terrorists but if they You they know that china's not going to do anything because they don't want the wrath of sanctions coming from around the world So and they're always afraid of another tm tianaman square Type deal and no that's not going to happen too folks The market has had a pretty good rally this week But if you if you looked really closely at what the rally really was it it didn't do nearly as much as you might have thought because if you take a look here in the At the russell 2000, I know the russells very it's much smaller, of course But the same thing with the new york stock exchange index we didn't even come close to making new highs Now we come close in the s&p We've come close in the dow and the naztac did make it the mat the naztac took it out by about 10 points So that's a really interesting phenomenon that what we did here Someone's asking a question about the cattle. I i'm very bullish cattle I think cattle have had one heck of a run and I believe they're going to go a whole lot higher Let's just let's just pull up the the cattle. I I don't have it up quite up to date But you'll see that we're certainly in a really strong bull phase anytime we get a pullback here In cattle and this is as a friday. I didn't know what I don't know what it did this week, but Someone went to update me on the cattle where where it's christmas cattle trading at the last I had was 120 And I believe any pullback Especially a move like this that many days in a row a 3a2 pullback Is most probably all what you're going to do and since no one's asking the questions. Let's just go up and pull up this Hold on one second here grab to grab this little puppy here get this Cattle up so we can take a look at it. That is l and there is the christmas cattle and We're still we're continuing to go higher in the cattle So oh we're up against some pretty stiff resistance right now. So Wow, oh my gosh, look how many days in a row. This has been up. Holy cow We got to give mr. Z the the sound of one hand clapping folks. Look at this He was talking about this when we were down at the Just below 100 we were making the abcd pattern down there as you can see This is a perfect abcd from the april high. We had a double top up there 125 We come down to 107 we rally up to the 3a2 at 114 and then it's abcd Stopping exactly at 99 and we've rallied 25 dollars Folks, that's 10 large. It's more than 10,000 dollars in cattle. I don't trade cattle very often But look how many days it's been up My goodness, we were up six weeks. We've only had one two three four down days and they were just quiet closes They weren't hardly down So that's a real bullish market. So you get a pullback in this Look for a buy this thing looks like it's ready to go right now. You can't buy it and the reason why is Look at the look at the 62 percent retracer from the double top back in april We're right there right now right on the money at 114 and change And we're just we've been up every day this week. We went from one for it one 111 to 115 so Now's the time that you want to be looking for a correction in cattle I I can't chase it here. But my goodness. What a beautiful abcd. It was on the downside I I know we I know we've talked about this because the pattern was still there. I didn't change anything when I pulled it up So that's what we're watching. Oh, we got a break coming up here in a little bit remember folks try not to miss the show on tuesday and wednesday next week if you get a chance if you have a Interested in the ai for the one month trial. It's larry pesavento at gmail.com And we'll move on to the next one here. We've got a break coming up here in a few seconds and we get back I want to go over the new york stock exchange index To give you an idea of what we're what we're seeing in that so we'll pay a little bit a little bit of attention to that So I hope that helps As we move on to the next subject if you have any questions eight seven seven nine two seven six six four eight I'm certain you are or strive to be one of the best of the best at everything you do in life It's the most common trait that we tigers and tigers share If you're looking to become the best of the best when it comes to managing your money Let me teach you to do what most wealth managers tell you can't be done Which is how to time the markets? I'm steed roads author of mastering probability And for the last 12 months timer digest has been tracking my newsletter signals Which have earned me the ranking as their number one market timer in the nation for the s&p 500 for the last 12 Six and three 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 Sign up for mastering probability today by clicking on the newsletter tab on the home page of tfnn.com And get immediate access to workshops where I take you step by step How to use an extraordinary set of tools as well as provide great market calls to sign up today If you haven't checked out the newsletters page of tfnn.com What are you waiting for all of the tfnn newsletters are informative up to date affordable and a must have for every trader looking to gain a competitive informational edge in today's markets tfnn newsletters cover every aspect of the markets to offer you the very latest in market news Plus new subscribers get to test drive our newsletters risk-free for 30 days From all aspects of the markets including stocks bonds metals commodities and tech There's a newsletter to fit your needs exclusively from tfnn Stay informed each day you trade and get that competitive edge that will help you stay ahead of the game Visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors Since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion While originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Later basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls Thus was born the Chapman wave sequence Using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter Right now you can get a two week free trial to the opening call basil's daily trading newsletter by visiting the front page of tfnn.com Cancel at any time during that trial and pay absolutely nothing Get your two week free trial to basil's newsletter the opening call today by visiting tfnn.com This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Okay, we're back folks I posted the chart of the new york stock exchange index and you can see here that we topped in this market Way back in january. We've not taken out those highs. We've been up there One two three four five times just last rally we got two this week went to 13,080 that was a 78 percent retracement and As you notice we did make a high or high in the nasdaq by just a point or two The s&p missed it by a few points at least so far. We could do it today or monday tuesday. I don't know but There it's a little bit of divergence That's me mainly because it's only about 100 stocks of the thousands that are out there that are actually making this big move It's the 25 nasdaq 100 stocks that are high priced and then the high price stocks in the s&p 500 i.e You know facebook and all the others apple So that's a priority where we're watching very very closely same thing in the transportations I'll bring this up. We had a we've been in this really tight trading range in the Transportation's and all we did this week was to rally up and you know test those lower tops as we've seen through here Today we got up to that level right near that top So it's going to be interesting to see you know as we come in here on monday I've mentioned many times today already i'll do it one more time And then i'm going to shut up and never mention it again for at least another day And that is open interest is dropping in the e-mini s&p folks. That's not a bullish sign There's no no players coming in so be be be careful. That's all I can tell you All right the gold market. We still think we got a chance at 14 60 if 14 45 to 14 60 we'll be able to see if that's going to happen or not But try to do something nice For somebody that doesn't have as much as you folks There's a lot of people out there hurting and if you got a little bit extra try to help them a little bit If you can I think it would be really gay really really good to do that So live every day in an attitude of gratitude and may god bless And we'll see you on the flip side on monday, but don't forget don't miss tuesday and wednesday That's going to be a fun day. I believe I really looking forward to having both of those guests on tom hooger on the 22nd And david ball on 23rd