 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. Okay, looking good. Billy Ray feeling good, Lewis. Boy, these dull markets. What are you going to do for yourself during the time when it's falling asleep? Folks, this is the chart of the Dow E-mini yesterday. I have to show you this because we had just a tiny bit of volatility. We went, folks, from 31.2 all the way down here to 31.4. That's only 800 Dow points. And then we went all the way up here to 31.12. That's another nine points. That's 1,700 points. And then we had a tiny bit of a sell-off. We dropped 1,100 points. Folks, that's a 2,000 point move in the Dow Jones yesterday. Last night, I sent out a video when we were right here and I said, there's a potential of hitting this 382 retracement. And someone called me up from, where was it? A Denmark. And he said, there is absolutely no way that that can make a 382. And I said, look, any market that can go down 2,000 points can rally back to the 382. And by golly, it hit it spot on. And then you can see what it's done the rest of the day. We've been talking about the bearishness of this for a long time. Jeff Hughes will be our guest today. He's extremely bearish. Peter Leides will be our guest next week. Norm Winsky has been extremely bearish. Remember, Norm told us that it looked like the 12th was going to be a high. He missed it by 10 minutes. But what are you going to do with somebody from Florida moving in from Indiana? Give him a break. Social climber, that's what we call Norman. Okay, Norman's a good guy. We're going to have him on anyway. Anyway, you can see we made the ABCD pattern. It would not be unusual because this is the key day. We just passed the fall on the autumn equinox. Okay, it would not be surprised. I know you can't believe that it could happen, but you can see an ABCD move up here to the 50% level. If it can do this, it can certainly do that. Look what is hammered today. The bonds have gone into the toilet. We're going to talk about those in just a minute. But anyway, that's what we're looking at. Our original target on this, folks, is down at 2700, I believe. We're at 30,000 in change right now, so we'll have to wait and see. If you defy human nature, do the work on the Dow Jones. Do the work on the E-mini S&P and also the Russell. You'll see these same patterns with this wild volatility stopping right at this high. This high we had here, folks, was an exact 786 of the high from about 31,224, which was the big ABCD. You can't make it up. All right, let's move on to a couple other ones that I need to show you. This is the one that I think you've got to pay attention to this one now, folks. We've been watching it for two days and we're watching it again today, too. Let's get it up here, and that is the old Bondolis. All I've got to do is to find the old Bondolis. I've got so many charts here to show you today that I think I've got a little confused. Well, no, I'm not confused. I can't find them. That's the problem. Okay, here it is. It's right there in front of me. Try looking, Larry. Here was the chart from yesterday. I want to walk these through to show you where we were. We had a very strong rally after this bottom, too, yesterday, if you'll notice. We went all the way up to here, folks, after we finished. I'm trying to show you what happened to walk through this because I believe, and I don't know why, but I think we're getting ready for one tail-kicking rally in the Treasury Bond. I'm just looking at the charts and I'm just a chartist. The stuff that I look at and what other people look at are totally different. I think we've got to pay attention to this because there's a slight chance that this may or may not be happening. Here is the other bond chart here. This is what I wanted to bring to your attention today. Today, we played a little smarter game than we did the other day. Remember, we talked about that 1.618 expansion down here that that was a place to buy it? Well, boys and girls, that was a place to buy it today at $128.09. The ABCD is at $128.08. Now, if you believe in things that we put in the newsletter every week, just go into the newsletter. I'm going to do it for you here because I think we should be really proud of ourselves for keeping everybody short for a very long time. Let me get this up here so we can show it again. This is the long-term weekly chart in the Treasury Bonds and we're going to move down to the daily and hourly chart to see where we are. There was our target, folks, $128.08 in change. When it was here, we said that was the top. When it was here, we had the $135. We said this is the target and here we is and you can't get anybody to buy it. Of all the things, I mean, I'll show you. Well, you already know, if you're watching the TV, all you're listening to is the two-year, the 30-year, the 40-year, the 90-year, the 120-year, all that stuff is happening. The cat's out of the bag, folks. Interest rates are going higher, yeah. And they're probably going to go a lot higher, but before they go, they might have one heck of a rally. I don't know if they will or not, but I know at this point, I don't have to risk a whole lot. Look at the Treasury notes, folks. Just give you an example of how buried it's been. Get it up here and see these same old numbers that we use all the time. Different timeframes, of course. Different tools for different fools. There is the 382 right here. There's the 382 right here. There's the 382 right here. And now we're sitting right here in a potential three-drive to a bottom in a 1.27, and the notes are acting better than the bonds today. They're actually up about 10 pips from their bottom, which the bonds are not. They're probably going to go lower, but you can see here, we had a really big collapse here. And then we had a really good rally, all right? And this is the worst sell-off we've had in quite a long time. Now, could we make the A, B, C, D? Yes, we could, without any trouble at all. That's why you've got to nail it down to the point. What if you're going to buy it down there at $128.10, you put your stop at $128.04 or $03 or $20 even, $128 even, and see what happens? Because these things can go through these patterns like you can't believe. If you remember, we showed you the same pattern yesterday, well, the day before yesterday on Tuesday in the Dow Jones E-mini. There's that same pattern. You're going to see it right here. There's the same pattern of a downtrend and hitting the 3A2s. That's what you're looking at. Today, same old, same old, same tools, different fools. We were doing the same thing in natural gas. Let's just get this up here so we remind ourselves where we were in the natural gas here because we were talking about it. I'm showing you these because it doesn't make any difference what vehicle you're looking at. It's the one you decide you want to trade. There's your ABCD exactly at the 3A2. There's your 3A2 rally. Folks, we're way down here today. We dropped another, and we're in the midst of almost winter time over there, and they're having natural gas shortages. Something's not right in Denmark. Here was that chart. We were looking at just one second, and we will get it right here. There it is right here. There was the one where we were going through these rather quickly because I want to be, I want to get Sardar and Mindy of them that I think are important. Folks, we're going lower. Just a question of wind. There you go, folks. There's the natural gas. We'll be right back. 10, 4, 8, 7, 7, 9, 2, 7, 6, 6, 4, 8. The time of booming inflation, we are purchasing powers eroded. There's no better place to protect your hard-earned money than in gold. Vista Gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. Vista Gold just completed the Mount Todd Feasibility Study, which resulted in a 7 million-ounce gold reserve in a 16-year mine life. All of this, combined with the approvals of all major operational, as well as environmental permits. This distinguishes Mount Todd as an attractive, diverse party, ready-development stage gold project. Vista Gold trades on the New York Stock Exchange under the symbol VGZ. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018, and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN Educating Investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years, a frequent contributor to TD Ameritrade Network and CNBC. Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the markets open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN Educating Investors. Okay folks, we have a guest online, Peter from Park City, Utah. Peter, how are you doing today? I'm doing great, Larry. How are you? Living to dream, baby, on the green side of the grass once again. You better stay on that green side, my friend. I truly appreciated the webinar the other day. I learned more from the bond trade than I did from anything else, and I'm just really grateful. I wanted to say thank you. I put to work last night what you'd said. Once we had established the move down, just put the 3A2 on the S&P and on the ES and the Euro, they went right to it and reversed right off at about 2 a.m. my time, and it is staggering when you look at it. Are these now, would you consider this to be small inter-day ABCD down in those markets? Those are based, that 3A2 is based on the last 2-hour, basically a 60-minute chart, so that could change at any time because the volatility is so great now that you have to realize these markets can have tremendous rallies. I mean, when I sent that video out last night, which was about 8 o'clock at night, and you remembered 2 in the morning that it hit, and if you didn't have your order setting there with your stop-in, by the time you woke up, it was 300 points lower. I mean, I said, how could it ever hit that and stop exactly? Every one of them. I mean, there's got to be something that these algorithmic traders are looking at that the same thing we're looking at, maybe in a different way, but it hit its spot on. But the timeframe is correct. That's the main thing. You're absolutely correct on that. You've got to figure out what timeframe you're in. Again, what, 10 here, so it's at noon, whatever? Yes. Also, that bounce, it went up into the 3A2 again. Yes, it did. It stopped again. It tracked at 37.90. Yep. Yeah, it keeps doing it. When it stops doing it, you're going to know because you're going to get stopped out. That's pretty much it. Yeah, exactly. Getting back to that bond trade, the more I look at this bond and know, gee whiz, we're down 13 weeks and it's in the news all the time. And boy, if there was a market that was ready to catch fire for short covering, this would be it. But boy, it's going to be tough trying to nail this one because it's a falling safe and you've got to take nibbles at it because it's thinking really move around. Well, it's been 13 weeks. Next to the Nazis, 21 weeks. Yeah. I never thought of that. It is 13 weeks. Well, we're over the equinox too. That's a big cycle. That's a big cycle in equinox. That's been in all the Egyptian stuff and the Samarians and Babylonians. That was covered in Andrew Lowe's book, The Evolution of Technical Analysis, where he talked about the astrologers were the first technicians. The first 50 pages of that 250 page book is related to astrology and how they were doing things with Mercury and the moon and stuff. But way back five, six, seven thousand years ago, which I wasn't trading then. Were you, Peter? I don't remember if I saw you in the pits at those days. No, no. Have you got any snow yet? Oh, God, no. We're warm. Yeah, I know you are. Yeah. We're like 75. Yeah, it's nice. It's pretty nice. That is definitely paradise up there. That's for sure. I have to come up and see you one of these days. Oh, absolutely. The upper you went to pick up snow about a week ago, but, you know, it's upwards of 11,000, 12,000 feet. So nothing where we are. But it's supposed to be, you know, 30 is the next few nights. It's getting there. Listen, thanks for calling in. I appreciate the comments. I'll put that $20 bill in the mail to you as soon as I find one that'll come in for a second or third at Belmont this week and we'll be on our way. Sounds good. Look forward to it. Okay. Thank you, Pedro. Take it easy and keep on the green side of that grass, buddy. Absolutely. You're welcome. Have a great day, Larry. Thank you. Thank you, Peter. Okay, folks, we're going to take a trip now. We're going to go across where they had the big funeral this week over to Great Britain and we're going to take a look at the British Pound. This is a monthly chart, folks. We've had this on our watch list for a very, very long time because we've been extremely bearish. We hit a 112 handle today, folks. You can see that the target is at 85. That was the target in 1986 in January of 86. I was in Pismo Beach, California with Byron Tucker, Eddie Horowitz, Rich Anderson and Robert St. John and Mark Douglas. And we were having a huge New Year's Eve party and fishing party. Never went on that one, but they were out fishing for salmon. And on that Monday, Sunday night, early Monday morning, the British Pound hit 85. And that was the low of the British Pound for, whoa, many years. It looks like it's going to be revisited very, very quickly. As you can see on this monthly chart, this is no different than that chart we're looking at in the Treasury bonds and Treasury notes, folks. There's your 85 right there. There's your shorter term pattern right here. And so be very, very careful. The dollar is strengthening. It's not weakening. And that's an important thing to remember. Now, someone asked me a question. What was the strongest of all the things that are out there? Okay. Now, there are two of them. First, I'm going to show you one that you're not going to believe this one because I didn't think it even had any chance of being one of the stronger ones. And you'll never guess what it is, folks. It's the Ruskies. It's the Russian ruble. Look, when they invaded Ukraine, the thing falls out of bed. Look at it. The sanctions working. Duh, I think not. You know, anyway, that's what's happening with the Russian ruble. But there's one that is even far weaker, or stronger, let's see, weaker than against the dollar. And that is the Turkish lira. And I want to get this up here and show you this on a long-term monthly chart because we have friends over in Istanbul and Ankara, and they have been hit with inflation that is, you know, off the charts, 70, 80%. But you can see there's a Turkish lira compared to the U.S. dollar. Son of a gun, that's a really big monster. So those are some of the other ones that we look at. I only follow the major cross-rates, but those are the ones that I think are very, very important. Getting back to one of the trades we were looking at yesterday, which was the crude oil. And we want to get that up to show you what happened to it yesterday because we had another really nice 382 that went down into Nulot. There was the 382 right here. We dropped $2,000. Guess what we do? We rallied $4,000 right up to the 78% level. Look at that beautiful A, B, C, D. And we're way down in here right now, folks. So this thing also worked pretty good. All of them worked today. There was none of them that didn't work, but that's neither here nor there. So we're going to have Jeff Huge on in just a few minutes. And then tomorrow we have Norm Winsky. And then next week we will have Peter Lighties, Shane Smolian, Stan Harley, and Tim Bust. And those will be our guests next week. And the reason why I'm bringing them back, folks, is we're at real critical levels of the market. And they've been telling us about these days and the price swings and everything. And all of it's really good. And, you know, you can't expect any more than that. So that's what we're going to be watching here as we look at some of these things. So we're going to be, I think we've got a hundred much time we got to the break here, probably just 30 seconds. We're on our way. We'll be back with Jeff Huge of Alpha Insights, folks. So stay with us, please. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. 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. During 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, ABCs, 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. 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 in technical market analysis. And it's not just dry tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN Educating Investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Okay, I think we have Jeff, huge alpha insights on the line. Jeff, are you there? I am here, Larry. How are you? I am good. I had to rush to let Carlos in. Today's the day he comes to wash the car. Hey, listen, I posted to your chart a bear market rally has peaked, but that was a long time ago. And I do believe you still think you we've peaked up in here. No rally imminent. I think you're absolutely correct. I think August 16th was the best selling opportunity we're going to see for a very, very long time. Well, I want to talk about the first chart about the interest rates because we were talking about to that today, that interest rates. I've never seen so much news in Bloomberg, CNBC, what's the other one, CNN, all of them are all talking about interest rates and everything. Boy, they certainly have a whole bunch of people, but we've broken a long-term downtrend line, haven't we? We certainly have. And that's a 40-year downtrend line. And so from our work, Larry, we don't see much in the way of resistance between now and really 5%. There's a little bit about 4.5%, but we're at 412, 413 right now. It's not going to take much to push up through that 4.5 to 5% level. And then it's 6%. So we really just don't have a ton of resistance between now and those levels. Well, that is in fact the understatement of the year. Now, the next chart we have is about volatility. I don't think anybody could argue about how volatility is increasing in spades, it looks like. We see a very large degree reversal pattern in place. And Larry, I'm sure you already talked about this, but you know what day it is today, right? Yep, equinox. You bet. Starting of fall. That's right. It's the autumnal equinox. And as Paul McCray-Mont Gummary dubbed it, it's the date that will live in infamy, the most important market day of the year. And because that is the date that many, many indexes experience major cycle turn. And it's our view that we're going to see a major cycle turn in volatility to the upside. We have imprinted a VIX level above 40% in almost two years. And my suspicion is once we see a break in equities to new lows, we could see volatility spike substantially above 40% and well above 50% potentially. Yeah, I can certainly see that for sure. That's just amazing. And I'll tell you, even in the news, you go to Ace Hardware and I heard one of the guys talking about, he was going to buy a house and the mortgage rate that he was looking at a couple of months ago was 3%. Now it's double and he can't buy the house. So it's not a good thing. Now the next chart we have is about market breadth. And I don't follow this too much. You want to tell the folks what you're looking at here, please? Sure. And I'll just say also with respect to that volatility chart, there just hasn't been any fear in the market. And what we're starting to see and is showing up in the breadth indicators is some semblance of capitulation here where the fear is starting to kick in. We've kind of talked about breadth in the context of the three little pigs. Here, there's a house of straw, a house of twigs, and a house of bricks. At the bottom is the advance decline, the cumulative advance decline line for the NASDAQ. And we call that a house of straw. It's the weakest secondary stock available in the market, about 3,300 stocks. We only know the big ones like Apple and Microsoft and Google, right? But there's many, many names in that index that just are so inconsequential and they're just, they're really flagging at this point. In the middle, we've got the NYSE cumulative advance decline line. And that's a little bit better. We call it a house of twigs, right? It's not straw. It's not chaff, so to speak. They're decent companies, but there are also a lot of secondary companies in that index, as well as bond proxies and preferred stocks. And then at the top, we have the S&P 500. The S&P 500 is more like a house of bricks. It's the 500 best companies in the United States of America, which is the best market in the world and the best country in the world. And so we think about strength and stocks expanding, right? The number of stocks in that index that are, were advances, were they're advancing relative to declining. What we're seeing here is that net advances have been breaking down to new lows, both in the house of straw and the house of twigs, where we would expect it, but also in the house of bricks. And that is concerning. Yeah, speaks to a much narrower market and a narrowing market. And that means basically the infantry is running away and leaving the generals stand alone in the line of fire. You know, Jeff, I was really surprised yesterday when the Fed was out there that people don't realize this, but we had over a 2000 point move in the Dow Jones. We went down six up seven and down 13. I mean, people didn't even see the volatility in that until you pointed out to them, because we actually made substantially new highs after making substantially new lows, ending up with a huge outside day to the downside, which is incredibly bearish. As you pointed out in that very first chart, you know, six weeks ago when we had one of those things. That's right. And, you know, I think that there's no question there are new lows looming ahead based on the price action that we've seen thus far off the, you know, the January 4th high, which we've kind of deemed to be, you know, a cycle termination of a cycle wave advance and possibly a super cycle wave advance. You know, we saw this kickback rally into the August 19th high and that was basically an ABC rally. As we think about it, Elliot terms, it was primary wave two. And then we declined into that early September, September 6th low and rallied out of that and three waves as well. And that's intermediate wave one and two. And we are now in intermediate wave three down of primary wave three down and actually minor wave three down as we speak. And so we've got a third of a third of a third wave decline, which is, you know, a very powerful bearish setup. It's very similar to what we saw in 1987. Oh, yeah. I remember 1987 quite well. Someone's asking the question here, Jeff, is what is your say into the September, November period? What is your price objective for the S&P 500? I think the S&P 500 can probably trade as low as 2750 by October 25th to November 8th, but that would only be primary wave three low. We look for kind of a lateral consolidation after that and then a breakdown to lower lows in the first quarter. So when do you see this bear market ending? Do you have any projections on that? That was a second question the gentleman asked. Yeah. I think potentially in 2024. Wow. You don't have the date and the exact time of that yet, do you? We have to take a break to pay a few bills here for TF&N, but we'll be right back with Jeff Hughes of Alpha Insights with all of his great information. He's been giving us over the past few months that kept us short and hopefully we'll be seeing more to the downside, but this is going to lead to a great buying opportunity in the future, Jeff. You know that as well as I do. Absolutely. We'll be right back, folks, with Jeff Hughes of Alpha Insights. 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 in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. The technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. David White's investment newsletter, the Technology Insider, is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future. David White has made his living staying on the cutting edge of technology. His weekly newsletter will give you specific recommendations for valued tech stocks, as well as entry prices, target prices, and stops to set for each trade. Dave delivers his weekly newsletters every Friday with updates throughout the week. You can get the Technology Insider at TFNN.com for only $37.50. Sign up for Dave's newsletter, the Technology Insider, and get an inside look at everything the technology sector has to offer. Try it risk-free today with our 30-day money back guarantee. TFNN, educating investors. Biotech is booming, but for how long? Whether you think the Biotech Bull has room to run or has run its course, trade LABU or LABD, Directions Daily S&P Biotech 3x Bull and Bear ETFs. Visit DirectionInvestments.com slash Biotech today. An investor should consider the investment objectives, risks, charges, and expenses of the Direction Chairs carefully before investing. The Prospectus and Summary Prospectus contain this and other information about Direction Chairs. To obtain a Prospectus or Summary Prospectus, please contact Direction Chairs at 866-476-7523. The Prospectus or Summary Prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. As the preferred Elliott Wave count, Jeff, I would prefer the Jeff Huge count, but whatever you like to talk about is fine with me. We've made our bones as being superior Elliott titions over the years. People want to know what we think about making a forecast for the markets. We use Elliott Wave as kind of a roadmap for that. As I said a minute ago, I think that the January 4th top marked the end of a cycle wave advance off the March 2009 low. That was a Fibonacci 13-year advance and that peaked at 48-18. That may have also ended Supercycle Wave 3, which is a 90-year advance off the 1932 low. What we've seen so far to the downside into the June lows is primary wave one of cycle wave A and cycle wave A will be the first wave of decline. That should be followed by a countertrend move, a B wave, which may retrace 50% of the decline off that January 4th high. Then we'll see a C wave to the downside, which could take out the March 2009 lows potentially. Certainly it would get a little support there, but our contention at this point is that we should focus first on wave A down before we start thinking about the rest of the pattern. Our thinking, as I mentioned a minute ago, is that primary wave 3 could bottom around the 50% retracement, which is around 2750. We should see a bit of a reprieve from the selling there, maybe a lateral consolidation, but it should be relatively shallow. Then we would expect the final plunge to the downside to retrace a total of 61.8% of that entire advance off the 2009 low. That would bring us down to S&P 2250, which is about the 200-month moving average, roughly, as well as a previous 4th wave extreme low in that last advance, which are all very common support areas. We think there's a real good shot that we could see that 2250 by Q1 next year. Jeff, one of our listeners just asked if he would repeat the dates of those cycle lows you were looking at. It was in October, November period. Is that correct? That's right. October 25th is the first and November 8th, which is actually election day is second. There's also a FOMC meeting on November 2nd. So that's kind of a window that October 25th to November 8th, where I think the market could see initial bottom, then a more extreme low, and then probably blast off after the election would be my suspicion that we'll get kind of a big countertrend bounce into year end before we get that final plunge, which could come as early as say January of next year. Well, now when the next is a stock of hostess brands, and I believe that's Twinkies, isn't it? That is Twinkies. You know, I remember that. I remember a news thing from many, many years ago where a Japanese had surrendered on Hiroshima 35 years later, and he still had hostess Twinkies that he was still eating to that day. And they were fresh. Well, I put it as a food inflation play, really. Everybody thinks that in a bear market, you can't make money in stocks. And there actually are opportunities from time to time. And hostess brands, symbol TWNK, is one of those that actually made a new all-time record high yesterday, a new high this week. And my suspicion is that this breakout from this kind of small lateral base, you know, we would call it kind of an inverted head and shoulders base, that breakout counts to 2950. And we're using a pretty tight stop at around $23. So there's a 4 to 1 positive rescue there. We think this is a really interesting way to pair off your hedges. So if you've got some shorts, you should have some longs to balance it out. And this is one where we have very high relative strength, very strong momentum and new all-time highs in a raging bear market. It should not be ignored. Well, we have one of our listeners just asked the appropriate question about how you've been doing lately. So I put your portfolio performance update there. You want to tell the folks what they're looking at here? You should be very proud of this, my friend. That's really. Yeah, absolutely. Thanks. I appreciate that. You know, so we get asked a lot. Well, you know, you've been pretty bearish. What are you doing in your own portfolio? And so, you know, on the long side, we actually created this strategy called Alpha Insights Idea Generator Lab for our institutional clients. And we have an opportunity for our newsletter subscribers to subscribe to this as well. But we publish a new idea every Wednesday afternoon, and it's a long-only idea. And, you know, we've actually, over the last 310 days since we launched the project, we're up almost 20 percent while the market's down almost 20 percent. About a third of our ideas are winners. About a third, we close flat. About a third are modest losers. Our average loss is about 5.3 percent. Average wins about 17 percent. You can see the last 10 trades that we closed out on the right-hand side. And, you know, the winners are up 28, 31, 38 percent. The losers are down 7, 9, 2, 5. We're flat, you know? And so, you know, we close a lot of them out flat because we just get stopped out. We keep moving our stop loss up. But, you know, this gives you a good sense of how our trading strategy works. It's basically a technical strategy, a systematic trading strategy. We've run it for years. And we tend to have, you know, a win rate of about 30, 33 percent or so in bear markets, about 50 percent in bull markets. And we tend to have a profit factor of about three to one. So, you know, this past year's performance is right in line with our long-term historic strategy performance. Very good. Now, just, I'm going to give you just a tiny bit of advice from a sage old cowboy, and that is, you can improve your performance a great deal, Jeff, if you don't take the losing trades. You know, well, this is what we're, yeah, Warren Buffett had two rules. One, don't lose money. Number two, don't violate rule number one. So, don't take the losing trades and that'll increase. Yeah, oh my goodness, in these markets like this, oh my gosh, well, I could tell a story about what was happening in some of these markets a little while ago. We've got, you've got a new, a free newsletter that I think the folks would like to hear about. Let me get this up to take a quick look at it and then we'll move on to the next one here. And you'll see those where we are. So, tell us about that, Jeff. Yeah, Larry, I publish this newsletter every month. It's usually the first Saturday the month that comes out. It's absolutely free to subscribe and go to my website, jwhinvestment.com. There's a spot at the top with this newsletter. You click on that and subscribe. You'll see this sort of a page pop up right away and there's a box you put your email address in. But we cover all the real big picture sort of things. In fact, we've entitled it Huge Insights Effectively and it's all a big picture strategy. And a lot of times we get emails from some of our 5,000 plus subscribers saying, okay, this is really great insight, Jeff, but how do I invest? And so we've got this optional member upgrade for $10 a month. And if you do upgrade, then you get actually that idea generator lab publication that we put out every Wednesday. So you get a list of our ideas and how you can actually invest. Hey, listen, my friend, thanks for joining us. We'll have you on again soon and keep up the great work and I'll post how the folks can reach you, okay? Always a pleasure, Larry. Thanks a lot. VistaGold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. VistaGold just completed their feasibility study, resulting in a 7 million ounce gold reserve. VistaGold has all major permits approved and has retained CIBC Capital Market Assistance in evaluating alternatives and in completing an accretive transaction. VistaGold trades on the NYSE American and TSX under the ticker symbol VGC. VistaGold executing a strategy to create shareholder value. 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 in 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. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything, from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com. Educating investors. TFNN has launched the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years, with live programming hosted by a variety of professional traders during market hours. The Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Don't forget you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Okay, we're back folks. This is the chart of the E-mini S&P that we've been following for quite some time. There was the top we were looking at on January the 4th. You notice that the break that we had here during COVID a couple of years ago, that was exactly equal to the first break that we had here. And if you take that red line and add it to this one, that takes us to 3175. That's where I think we're going on this down move sometime between September now and October 31st to November the 8th, somewhere in Ed ballpark. And then we're going to see where it goes. We're in a long term bear market folks. Get ready, learn how to play these three eight twos and it'll do you good. It really will. But anyway, that's what we're paying attention to here is this level right here. We're a long way away, you see from the level we're actually setting in right about here. Once we get below here, I think if you got to be really careful in here because of the sequel knocks that we have right now, and we have Mercury per Helian member Norm told us about that Tim Bost yelled and screamed about it and said be be get ready for acceleration to the downside on the 21st to 22nd of September. And you see what's happened to the 21st and 22nd of September. He said that will continue on into early October. So don't try to be a home run heater. You know, be like Pete Rose, make a million dollars hitting singles. Anyway, that's what we're watching here on a longer term basis. Now tomorrow, our guest will be Norm Winsky will be able to put his feet to the fire again to see what he's going to tell us. He nailed that high on the 12th of the September. And so we've got him back. And of course, we told Norm the first time you give us a losing trade norm, your history, you'll be a mystery. But he'll be with us tomorrow. Next week, we've got Peter Leidy, Shane Smollion, Tim Bost, and Stan Harley will be our guest reviewing everything that's going on in these wild and wooly markets. So we'll see you on the flip side tomorrow. So live every day in an attitude of gratitude and may God bless.