 Trade what you see With Larry Pezzavento Call now toll-free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay boys and girls get around the fireside we're going to have a little bit of a Little not of a poem what they call the short story of you remember Goldilocks and the three pigs Well, this is London and the flying cow folks. This is what happened in London yesterday You see they had hurricane winds and it took this cow up about 70 feet in the air He actually made it down. Okay. He had one broken leg, but he's doing okay But I wanted to bring this to your attention because it has something that is just totally unbelievable Let's go back to 1987 folks on the 16th of October in London 1987 on the 16th of October they had the first hurricane in about 40 years Yesterday folks they had their second hurricane in 37 years You don't know what have to happen after the October 16th of 1987 now Let's walk through what Peter Elydees was talking about now this happened to be Let me get this up here folks because this is the one we want to talk about is the one from the 1929 the chances of this happening are almost nil But the fact that it's following some of these things is really worth it So let's take a look at this what Peter was saying is from the high that we made back on September the 3rd 19 29 we came down and on 38 days we started down big time We already know that happened to be on February the 11th If you remember that and we've been down hard ever since then we had the full moon That was last week the market that was you know into that move That was on a Thursday and of course we started down We said that if this market is down on you know, Friday chances are you're going to have a big move down And of course we had a big move down if this is correct This means that on day 57 day 55 356 and 55 or Fibonacci numbers that comes in on March The fourth there should be a major bottom on March the fourth if that can if that connects But the thing is it's got to start down either today or tomorrow all we had today folks was nothing more than an absolute I mean we talked about this In fact is I sent things out about it in fact where we were let's just get this up here This is where we were here in the S&P last night. I did. Oh, that's not the one. I want to show you That's a that's the secret one. Now. There's no secret one Well, I'm I'll put Billy's up here because it's Billy built and it's got a really nice one here He's a new trader and he's trading them the micros and you can see here There was the the number and the S&P was at 42 50 that was an ABCD pattern It was also one standard deviation down, you know, just pretty much exactly As you see about it in the books I'll bring it up here so you can see it again the way that we drew it last night and stop and think folks What was happening in the world was they were talking about World War three on CNN They were talking about World War four on Fox and on CNBC. They were showing a rerun of Chuck Norris's Training plan I can't remember what they call that thing Whatever that training training facility is anyway, there's the ABCD was one standard deviation down and folks stop and thinks How bearish it was folks we had so much going on there That it was really quite amazing that the fact the market was only down that much It was only down about 90 handles with all that bad news and boy when you see the When you see good action and bad news you better pay attention to that and that's what we had happened now How bad was the news? Ah Not bad news. Let me go to take you to bad news boys and girls I tried to get Arch on the phone Arch Crawford today, but he was rather busy total Jim That's what it is. Thank you very much young man Someone's always got my back here appreciate that mr. Shane who will be our guests at the half hour This is September the 11th. This is a weekly chart of What happened in September 11th now you can see the big down move there on September the 11th Okay, now on that day on September the 11th the planes came in there's around 535 45 in the morning. I believe I Think I put the time in there, too No, I didn't put the time is around 545 because I was chatting with Arch Crawford on the phone After the first plane had been hit at that time before the second plane had been hit Arch had told me that the The Pentagon had been hit and I had that that even come out for about 15 minutes or more Anyway, you can see they stopped trading there and you can see the market was down This was the last day. You don't see that's a weekly. It was still up. It was down on the day But up on the week. It was down about though This was when we were trading big handles and it was down about four four or five points when the news hit and I was so upset with it I just I and I was short I had a couple shorts on and I just took the shorts off I just didn't want to get involved because it was so emotional But when you stop and think what we were watching there for a period of several months afterwards Was an attack, you know right down basically right in the middle of Manhattan And you know, it's just incredible and people actually on the TV. They actually compared that To what happened on 9-11. I almost picked up the phone and called about I was very upset about that There was nothing and we there was four or five people died, you know people that we don't even know We knew people that died or many people did that died in that in that thing terrible thing We're 2,800 people five people have died in the Ukraine so far But that's how the news what the news does they anesthetize you with for fake stuff. I don't care which one it is They're all the same They really are I mean one's a little more Radical than the other but they're all pretty much the same there was there was nothing that could compare what that happened other than Pearl Harbor and You know, that was you know the start of World War two and of course what went on from there The market did not make a low folks until October of the next year when we made that big three drive to a bottom pattern So what we saw last night? I know it was in the news a lot and everybody was talking about it But frankly boys and girls when it comes down to paying tiddly winks it ain't worth diddly squat I'll tell you that right now The only thing I'm saying is how can there be a flying cow on the same day that we had in 1987? That's worth paying attention to if nothing else So we'll we'll cover some of these other things that we need to cover that I think are pretty nice You'll be able to see here's the here was a NASDAQ We were making a beautiful ABCD in the NASDAQ down there at a 1.618 expansion expansion And it's rallied a great deal From that level, but whether we continue on or not this thing in the in the that's going on over there It is not going to be gone for a while for two reasons one They knew they need some new cannon fodder for the news and second reason they love to draw these things out with extended Meetings and all that other stuff so very very important to keep in mind that that's it now Let's go back to look at that S&P again because where we are his was here was our game plan here folks The game plan was we sold on the 36th day. We remember we had three Fibonacci numbers up there That this is the cash, but that the futures were trading at 45 85 And we said that we should if we can we want to try to hold it out the day 55 Which would be the fourth that's 55 days from the high on September now whether that's going to happen or not Who knows but she does the trade if you remember eight seven seven nine two seven six six four eight information from the UK 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 an edge in Identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman and 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 tfnn.com educating investors What's separating you from the most successful men and women on Wall Street? That's right Information having all the information gives us the perspective we need to place the right trades at the right time The TAS profile scanner is the premier market profile base scanner Powered by its acclaimed TAS proprietary algorithms this feature rich scanner instantly filters over 2,500 plus global financial markets such as stocks ETFs commodities futures and forex This powerful suite of tools Leverages instant trade filtering and strategy formulation to show you emerging trades Before they happen for a limited time you can save $100 off your first month by using the promo code Upgrade and you still get a 30-day money back guarantee So you have nothing to risk level the playing field with the TAS profile scanner Which you can find under the services tab at tfnn.com sign up today Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and Tfnn's YouTube channel with tiger TV live every market day from 8 30 a.m. To 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the World from the moment the market opens until the closing bell sounds tiger TV has eight different shows with expert hosts to help You make the right moves with your money watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be tfnn educating investors Call now toll free at 1-877-927-6648 internationally at 727-873-7618 Okay, folks. I'm gonna put something into the room. You're not going to believe okay This is hard to believe you won't believe what this today in China The day is we'll put this in here. You're going to be able to see it. It's 2022 2022 I mean if you like Gartley 2 2 2 you have to like it today. I is Mike still on the line Good, I'll take care of Mike tomorrow. I forgot to do his charts I feel he's a very dear friend and I forgot to put his charts up for I'll do those charts for tomorrow He wanted to look at UGA and Xcp, but look at that. This is that's just incredible 2020 2022 2022 very very interesting. Okay now Let's move over and take care of a couple other things that we need to look at folks Here is a chart that you'll be able to see you won't know what it is because I've never traded I didn't even know they had futures for this. This is the futures contract for nickel. This is very very important This is a positive node and the batteries that we do a you know positive and negative You'll see the double a triple three drive to a top pattern up there at roughly Almost 1850 in nickel. So there should be a top coming in nickel pretty good The reason why that boy the f-16s are out today. Holy cow I don't know if you folks can hear that but there's a bunch of them out there doing maneuvers here today Holy cow, I hope they don't call up my CO team unit Shouldn't even joke about that because I'm not a CO team Well, I may I was a I would have been a cook in the army or a pharmacy technician or something There's no way I'm gonna be a fighter. Anyway, we'll take a look at that But you'll see that's a possibility a nickel. I don't trade nickel never have I didn't know there were nickel futures but that was brought to my attention the fact that one of the larger nickel producers is the Soviet Union along with a whole whole lot of other things now. I posted the charts For the footsie and also for the Dax you can see they stopped exactly at ABCD patterns again Also, you know very very helpful when you remind yourself that that ABCD pattern is pretty good And speaking of ABCD patterns here is one that was happening last night in the heat of the battle I had to go look at the half hour chart on the gold and as you can see here This is the same pattern that we've seen over and over again It's a three drive to a top pattern the distance between the first top and the second top is equal to the third top It's a perfect price analysis up there at the one two seven one point six one eight coming in at nine sixteen The high was nine eighteen. We broke all the way down to 1882 and then back up to 1808 and then back down to 1890. So there might be some type of a topping action forming in the In the gold so that's it's still a little bit early same thing with the crude oil market We had a big move in crude oil and those of you that are going to be subscribing to the Daily thing that we're going to do our day trading thing. That's going to be probably on March the 16th I'm hoping that that's going to be the day that we can do it on you'll be you'll be looking at charts that Give you a pretty good idea of you know where to try to you know, put your orders in and I wanted to show you one here That was well, there were two here that were really interesting last night, and I can't find the first one I've already found the second one. I can't find the first one where it is Oh Holy moly go out here's here's the one this is the one from Intel that someone asked me about We talked about this 382 pattern in Intel and there you can see it right there So that's it. Here's the second one that I thought was relatively important because we were watching this thing all night Sunday night and also Monday and here's what you were looking at here If you take a look at the e-mini S&P if you believe in this kind of stuff with numbers and I certainly do You can see the first 382 retracement. You can see the second 382 retracement, and you can see the third 382 retracement So that's what we were looking at and of course as you know That it worked out relatively well now if we take a look at one other one that I think is Relatively important and that is the the crude oil and I'll be darned if I can't find the darn thing right now. Oh Where is it? God? No, I give up I Actually give up That was I had a beautiful one in crude oil today folks just absolutely spot-on at the 382 retracement But I will do these as we go through now Let's talk just a little bit when these markets are really wild people have asked me What do I do folks when they're real crazy? I go back to the basics I go back to what gets me to the dance Okay, and I tried to dance with the same girl that I took the dance to the dance You see the first rally up in this market right here. You see that first rally I'm not even gonna tell you what it was then you see the second rally exactly equal to this first rally with a perfect ABCD well it happened to be the Dow Jones on its way to a lot lower prices folks So that was that's where it was coming in Sunday night We had a beautiful ABCD there and then the market started to fade You know quite a bit So those are just a few of the ones that we're paying You know really close attention to but you have to when you get to that area where you're You know the volatility gets really super great What you have to do is you've got to you know narrow your time frame down so that you can get into a risk parameter That that works and believe me these these these patterns work well on two-minute charts 30-second charts tick charts doesn't make any difference all you got to just find the one that you're comfortable with and do that one That's really all you have to do. I mean there's there's no nothing nothing Harder to do than that. That's that's the bottom line So remind ourselves that you know, this is trading a simple, but it's not easy as Mark Douglas said But that's what I'll do I'll go down to a time this happened to be an eight minute chart And I I didn't do three minute or two minute or five minute I did eight minutes and the reason why I could get more data so that I could show you the Relationships between those patterns and there they were there everywhere if you just keep an eye on these You'll be able to see that they're pretty much right in the ballpark if you if you start to look for them And if you find them on the smaller time frame, you're going to find them on the larger time frame That's the bottom line It just takes a little bit of work and a little bit of patience But if you do that you can certainly you know make a living at this that floor traders handbook folks I hate to give you a sales pitch on it, but that's the best work Best book published under my name ever and I thought that the trade what you see book was the best But I think this one may be slightly better because it does two things It empirically proves that the ABCD pattern is what Mandelbrot said it was the seed pattern where everything starts And the second reason is it narrows your risk down to just about as close as you can get to nothing as you can get Because when these patterns fail they're going on to the next level and you got to get out of the way But the odds are in your favor better than 65 of the time and the payoff is better than three to one for heaven's sakes You don't have to be a rocket scientist or a mit mathematician to realize those are flat out really good odds And you certainly want to be able to uh to be able to do that now. I wanted to bring this last chart up This is the cash s&p Showing what we think might happen Now you notice here that we counted the 36 days up until the 12th of february The fourth of march coming in 10 days from now is where it should bottom at 55 days If that's the case that would be following exactly what happened in 1929 and also in 1987 You know any move if we if we go up Well, we'll think we'll be back with shane smoking folks. He's got a great show for us today So stay tuned shane smoking the wolf trader dot com You having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tigers and trading room only at tfnn.com The tigers den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the tigers den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tigers den risk-free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers as well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live financial content from 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor. You were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts 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 traders 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 guardleaf 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, we'll be back right now with shane's mullion wolf trader dot com and shane I have a ripply's believe it or not question that just came in And that is why couldn't they find a flying pig instead of a flying cow With the cow being bullish and the pig being bearish. I don't know the answer to that question So let's see what you have today my friend mr. Volatile me himself shane's mullion go right ahead Well, happy tuesday to everybody. This is a shortened week here with the holiday But today's theme Today's shortened shortened but intense, right? Yeah, sorry. We had the most intense sunday or sunday and monday presence day in a while um Okay, so Today's theme is going to be moving into the future. I'm going to talk about the s and p gold and bitcoin But I want to talk about the concept of the future And the bridge between the past and the future. So here's here's my quote of the day today, which is History may rhyme, but the past does not equal the future to successfully move into the future We must often let go of the past and pay attention to what is happening right now And I think that quote really summarizes the world right now Everything from the fed to bitcoin to what's going on with the electric vehicles Things are changing in the world. So we really need to pay attention to to what's going on To understand these markets. I mean, that's what we all want to do We want to understand what's going on and sometimes just looking at things The old way is not going to get us to where we want to go. So this is the big picture on the s and p so You know, this is my my overall picture talking about the history. So at one time Uh price wave counts cycles and astra were all very good technical tools to forecast the s and p But this is no longer the case since 2009 the markets have changed forever with the arrival of the fed juice And the modern fed is not comparable to the past fed The analytical mind has trouble coming to terms with this But we can no longer look at the s and p through the lens of the past to understand the future So this is kind of my central thesis with the fed So the s and p status right now, I think the best asset class is is either short s and p or cash And again, I would tell people Don't don't be so down on cash. It's not a bad idea if you're not sure and shorting the s and p is tough particularly in bear markets and You know if inflation is six or seven percent, that's better than losing 30 or 40 percent if the s and p Uh, it really goes down here s and p and by the way, we're at the end of a big run So you've had, you know This this is not a bad time to to go to cash because you've had a very nice run on the s and p S and p is coming off a planetary steelium high It's starting to fall now the fed internals are collapsing and we have a classical fear trade going on Towards gold and bonds Away from the s and p and then the double lunar is down and the fed internals are are collapsing here So the fear index is down to to 36 but I don't think this is going to matter as much now because Once the liquidity dries up with the fed and the fed juice falling and the qe ending I think it could stay low for a long time because they're just simply not going to be enough liquidity there This is the timeline of the fed in terms of the taper We're now down to 25 of the original taper So we're getting near near the final countdown here And then they're going to start raising rates and they will do it At least early even if they don't continue for months and months and months There's likely a rate hike coming. Uh, so this is more liquidity being taken out of the system Definitely not good for the s and p going forward. So again, to me, this is really the central focus right now in terms of if you want to understand What's the s and p? I think this is really a big one But we do like to look into the past too Uh, as you talk about with 1987, we don't want to ignore the past This was the steelium that we saw in 1987 and then of course the s and p falls very sharply After that and I did a webinar on this and we can go back and talk about that I think on your show Larry, we did talk about this, but right now we did we just came off of a steelium On 213 29 to 213 where we had a tight steelium planets and the s and p did in fact peak on the steelium So you can see here. This is this letter d here on the chart. This is where that steelium was It was actually to 29 to 213 So it runs up here. This is the letter d. This was the top of the steelium here that we just saw And now we're heading back down again And so because you have a weak fed on top of the weak astro I think this really makes for a market that's vulnerable To more selling right now and then of course the liquidity is drying up The liquidity and there's something called the liquidity index, which is completely drying up And so when the astro piles on top of the fed This is one of the rare chances that you have for the s and p to show some continued selling here So um, all you need for the s and p to decline is is a weak fed and that's that's what we're getting right now Even if you go back to last december This this this coincided with our december rally, which also coincided with this positive seasonals But again, it followed the steelium peaks here. So, uh, you know, we're coming off one of those peaks now Here's the interesting thing the difference between 1987 and now is that we actually are coming off a series of we're gonna have Four different peaks here on this steelium. There's four of them coming up We just passed the second one on two nine here And on there's more peaks coming. So between now and may There there are a few more peaks coming on this steelium So what would happen is once these peaks start to come in those could be temporary pauses in the rally or short term But I'm sorry the decline short pauses in the decline or short term rallies But ultimately, uh, I think this is going to just serve to slow down the inevitable Which is a sinking s and p 500. Uh, and so, you know, I I still look at the astro I still think it's important But we got to put it in the context of what's going on with the fed now This is a picture of of the s and p versus the fed internals Uh, we're seeing something here that is ultra rare guys. I want to point this out This is super rare for the this to happen What's happening is that uh, you can't see it here, but the fed internals have been in a decline since july the sixth Uh, but what's happening on the short term is the fed is trying to push this up and the market is rejecting it and going lower And so what this means is that you have a rare negative divergence going on between the s and p and the fed Larry, I can't tell you how rare this is. I've only seen this on a handful of times and every time this has happened The s and p has swiftly sold off. So we are at risk here in terms of the mark is basically saying You know, I'm going to head lower in spite of what the fed is trying to do And if the fed turns even a little bit down here at this point It it could cause the s and p to have a larger acceleration to the downside here So so this is really at the core of understanding what's going on with the markets In this modern era and this is why I talk about the future. This is this is if you want to understand the s and p This is this is how you understand it and this is why we study the fed all of the time Now we do have astro to look at too Like I'll look at the double lunar cycle here double lunar cycle is in a cell since uh, February the second and yes, this is still saying that the astro Agrees that we are headed down for some time now This this will likely stay into a cell through the end of march And it could extend all it could extend through march and like you said into that early march period I would agree with peter that that is a period to watch in early march We got to be really careful in there Especially with this liquidity drying up because that's when you get the volatility When you don't you know when when you don't have as many traders in there you get these huge swings in price So it's a dangerous time for sure Shane we have a caller from the uk Moz is calling in moz. Uh, you want to ask Shane your question, please Uh, yes, Larry. Um, uh, hi, Shane this moz from, uh, united kingdom. Um, I really like your work Um, I've been following your work for a number of years Especially after when you know, we started with the pandemic. It's been a really good spot on Um, I just want to know if you also do some lunar work or maybe you also look at fed internals impacting hardest It's like a real estate Uh, I'll answer that when we get back Okay, thanks moz for calling in. I hope to see you in london buddy See you soon. All right. Bye. Bye. We'll be racked folks with shane small your wolf trader dot com Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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You want to go ahead young man Sure, uh, just to answer the question of the gentleman who called in so the part of the fed internals You should be watching is the reduction of uh mortgage back security purchases from the fed That will have a negative effect on real estate. Okay, we do do the lunar cycle the double lunar cycle is is one of the biggest uh Astro indicators we track but this one here is the general combined transits We're at a peak right now. It's falling again and it falls through the beginning of march be careful on that We also have the hottest cycle here, uh, which tracks the s&p on a long term This is on the decline too. So no matter how you look at this the s&p is is really in a period now of where it's vulnerable now gold So some thoughts on gold just like the fed has forever changed the s&p since 2009 with the fed juice bitcoin has forever changed gold With the arrival of digital currency We can no longer look at gold through the lens of the past to understand the future The world is rapidly changing and we must adapt to be successful So that's kind of my thesis on gold. It's it's changed just forever changed It's not like it was before so we can't look at it like we did before Uh gold has shown a modest rally since the post cobit inflation began But clearly this is disappointing compared to other commodities This is supposed to be the great inflation hedge and it has barely gone up So bitcoin has likely stolen some of the uh the share and the stored value concept Uh and the hottest cycle suggests we do have another month higher on gold And there's a fear play in effect right now and I have a few comparisons here if you look at the one year change here Uh gold is really not even that high on this list oils all the way at the top Bitcoin is below gold here. This is a year of a one year change So gold's up about 4.4 percent bitcoin is down big this year. It's down 29 percent. But if you look at two years um Bitcoin's up 294 percent gold's only up 11 percent and if you look at three years um bitcoin's up bitcoin is up 862 percent where gold's only up 29 percent So I think you know gold has been pretty steady here It's been it's been increasing kind of steadily each year, but not like we would expect So something's going on and that's that's the only thing I'm saying is we need to pay attention to what's going on there Now if we look at gold here on the daily chart The fed use is still in a buy the fed use goes into a buy on february the 8th The double lunar cycle goes into a buy on february the 10th Uh, so the fed use is still in a buy the solar cycle is approaching some type of a of a near-term high into here But if we look at the hottest cycle, which looks at more than just the solar cycle um this this Does suggest that gold could be heading higher now for maybe maybe another three weeks or so In terms of gold, but the the thing I want to emphasize is that Gold should have doubled or tripled during the covet inflation period and it didn't So, you know while we are experiencing a rally right now and it is trying to break out in this fear trade I I think when we're talking about the long term Um, I think we need to be a little concerned about it because like I said if this was really this great inflation hedge If we go back here and look at this three year. I mean look at look at look at where copper is I mean copper's copper is as is up 49 versus gold now That's another thing to think about what what is copper now copper is copper the new oil because of the cars Like you were talking about nickel I mean, so we got to think about the future here when we're talking about this So just looking at gold as we did in the past It may not be the best best way to serve to serve us into the future here All right. So, uh, what about bitcoin? well Bitcoin has forever changed the landscape of money and currency So this is no doubt true. Well, however you feel about it. It has changed everything Now it epitomizes the uranium concept of decentralized power I've done a series of webinars about this talking about how this whole uranium vibration Everything now is about decentralization of power is the internet. It's people It's all these independent channels that are coming up on on the internet of the youtube channels The independent media is is on the rise and this is this is not going away It's going to continue to increase and so bitcoin really is at the core of this concept of the core of this thinking And so this is really I think leading us into the future here in some some shape or form I mean even the concept of the blockchain is an incredible concept and I think it I think it will be Spun off into other technologies too. I mean if you really want to track something accurately in the future You you use blockchain. I mean, that's the best way to do it So I just think that this is a concept that is great But I think that bitcoin this year will likely decline with all asset classes now I think the s&p is in trouble. I think a lot of these markets We could start to see deflation and forces come in and I think bitcoin is not is not immune to that in the in the short term I think bitcoin probably will fall With the rest of these asset classes But the question you need to ask yourself is where will bitcoin be in five years and in 10 years? and that's a totally different question because You know bitcoin could come out of this stronger than anything else I mean if they all fall for a year or so, but then at the end bitcoin is the one that comes out That's what that's what we need to be looking right now So bitcoin has been modeling very well. We caught that nice sell-off There was an immediate reaction to the gold spike. So bitcoin dropped recently to the gold spike but It's still got a little bit of positive astro on it for about two to three weeks here. So You know, it still could try to try to hang on here for a few more weeks But we may continue to see the depression this year along with equity. So again, I want to point that out that It's not impervious to equities and bitcoin has become more and more linked to Equities for whatever reason it didn't used to be but now it's kind of linked to it correlates to it. So I think the real question though is what happens in the long term future If you look at the fear and greed index on this, we're at a period of extreme fear right now on bitcoin. It's down to 25 So, um, you know that that is that that is a reading that's that's getting pretty low there But if we look at bitcoin in terms of the hottest cycle Bitcoin still has a little bit of run up here to go Before it it turns back down again here. So I wouldn't be surprised if if bitcoin You know tries to to hang on here for a few weeks This is this is the chart here showing the the fed use here The fed use did turn down on 217 along with the double lunar But there is a low coming in here on 223 on the double lunar cycle here. You can see this right here So I think it it might have a chance here to try to hang on for a few more weeks Uh, and then the question is what happens after that, you know, does bitcoin? Uh, so come to the pressure with equities of equities fall And then again when we look forward, you know a year or two years ahead The question is where will bitcoin be from there? And I think I think there's a good chance. It's going to be it's going to be better off Well, it's very interesting. I heard a comment from somebody on bloomberg that the blockchains and cryptos were going to replace the stock market There won't be stock shares anymore. There'll be Uh, these bitcoins and related to stocks. I don't know how that would work, but uh, he made a very Uh, interesting case for it, which I understood about three percent of it and the rest of it was way over my head We have a question for one of our listeners What do you see for a Far as the length of this retracement that we're seeing so far that started on january fourth This comes from jeff in connecticut. What what do you how far how long? I know it's a tough question But how long do you think this bull trend or barriers for correction will take? Well, I'm gonna do a webinar on this for for crypto subscribers I'm still gathering the data on this But I think we could still see another year of down on this or or choppy down on this now The question is how low do we go? The only thing I would say about bitcoin is it is very meticulous about filling gaps So if you go and look on this chart, you will see a lot of gaps a lot lower on bitcoin. So Just uh, okay out there. Yeah, that sounds great We'll be right back both with change million wolf trader dot com eight seven nine two seven six six four eight Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious teched either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced 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 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? 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You can call 877-518-9190 That's 877-518-9190 Okay, folks we're talking with Shane Smollion the wolf trader.com Shane you want to tell the folks how they can reach you Sure, uh, if you want to reach me you can head over to our website here. I can find this here Here's a slide. Uh, you can reach reach us at wolftraderfutures.com or you can contact me Shane at wolftraderfutures.com And uh, we also have a youtube channel. So if you want to check that out, we have webinars weekly We do one every week. We have a different topic every week. We've been talking about bitcoin Which is why I have such an interest in bitcoin right now I'm starting to understand it a little bit better. I'm still not I don't fully understand it But I'm it's starting to make a lot more sense to me now. Uh, and then, uh, twitter is at wolftraderfut1 so you know one thing I would tell people is that um If the smp does get this big sell-off here and and we do start to show weakness bitcoin could just follow it down because You know liquidity is drying up. There's a fear trade out there But that doesn't mean that bitcoin is necessarily wrong for the long term and so bitcoin has a history of Doing these boom bus cycles and so bitcoin has gone to shockingly low levels before and recovered So just because if bitcoin does fall with the smp It could it could just be a collateral damage type of a deal and it could ultimately come out in the long run So I would just put it out there Okay, that makes very good sense. Now, uh, do you have the email for the folks and your website that they can go to? Repeat that please. Sure. Sure. So wolftraderfutures.com is the website email is shane at wolftraderfutures.com and the uh twitter is at wolftraderfut1 And that's the free twitter and you can follow us there. We do post updates there I also message subscribers there about things that are going on and we have Like I said, we have every week. I do a different topic on a webinar. We're still kind of stuck on bitcoin right now, but Come come and visit us We'll talk a lot of people are Yeah Hey, thanks for thanks for coming with us my friend. We'll have you on again soon and keep up the great work We certainly appreciate it. Shane's million folks wolftrader.com Thank you larry. Stay safe out there. We'll take a little break folks and when we get back What we're going to do tomorrow is to have none other than tim boss financial cycles weekly as our guest And on friday, we have jc parrots of all-star charts So live every day in an attitude of gratitude and may god bless Building wealth trading in the stock market seems impossible to most people. They think it's too