 The following is a presentation of TFNN Trade what you see With Larry Pezzavento all now toll-free at 1-877-927-6648 Or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis. We've got a full week this week folks. So today we have Tim boss tomorrow We're going to have a new guest J.C. Parrots a young man from all-star charts He happens to be a friend of our good friend Jim Bartolioni, and so he's gonna be out on Tuesday Wednesday We're going to have Shane Smollion Thursday. We're going to have none other than Paula Douglas and Friday We're going to have a surprise mystery guest Translated I haven't picked anybody yet. Okay, now. Let's take a look at some of these markets. I posted the charts for the footsie and also for the German Dax you see they have a relatively Small downtrend forming possibly, but there's no really big trend in sight They've been in this really tight consolidation lane range for quite some time now the German market That has been down, you know a lot more than the footsie and so that's I think that's an important concept now folks today is Columbus Day, and I have to tell you the story about Columbus I know you most of you think that he discovered America Frankly since all the archaeological stuff has been found over the last 50 or 60 years They know that somebody was here back in the 12th and 13th century because they built structures that Were very similar to what was built in Europe So they don't know the exact reason but he gets the he gets the accolades for it. Well Columbus Of course was an Italian and he was convinced the the Queen of Spain to Do this expedition and of course they were looking for China and they found the US and so when he came back He was accoladed as a you know a big hero They had all just like John Glenn almost exactly like John Glenn all kinds of things and and they had this big dinner for him And of course he had some detractors of course anybody, you know, we Italians we always get beat up on anyway They were saying hey look you were nothing but a chubby little Italian boy That got lucky with a westerly wind and found some some strange land He said that's really what it's all about and with that Columbus stood up and he reached into a basket at this big dinner that they were having and inside the basket was an egg And he picked up the egg and he asked the people to take the egg and stand it up on its end So that it would stand by itself and of course the egg being elliptical it wouldn't stand up so Columbus picked up the egg he tapped on the egg being hard boiled and it stood straight up And he said you see how easy something is once someone shows you how to do it Well folks Peter Lighty showed me that about 40 years ago that joke and well that little thing and one of my students I'm sure he's listening from Italy today Gave me a beautiful lithograph of this this whole process that was going on at the at the dinner for Columbus back in The early in fifteen hundred or something whatever it was anyway The reason why I bring this up is when I gave my first speech in China in 1996 I was at the Beijing University I had about 350 graduate students and economics and architecture and a few other Disciplines in there and I was a little nervous of course, but I've talked so much over the years It really didn't bother me too much But I was trying to warm up the crowd and there was a couple of really Nice-looking Chinese girls in the first row you're 18 19 Well, they're in their 20s now because of grad students and this one girl was dressed in the typical black long dress Chinese outfit and the the backboard behind me was covered with chalk They didn't clean it aren't they and there was a chalk Eraser there just filled with with chalk on it So I picked up this eraser and I was trying to be funny and I said you see this the eraser He said if I toss this on you I said you're going to just it's gonna show all over your dress and That didn't get I mean it was just total silence and the proctor the lady was doing the interpreter there Said that's not very funny here. And I said, okay, you can explain to me why he said well She falls asleep in this class she gets kicked out of school and I said, oh my god I said I didn't realize it was too bad. So I get I'm a little under a little pressure then right So I'm gonna pull my last trick out of my bag Which is my egg a Columbus trick and soon as I got the egg out and started to say everybody started laughing I said, oh my god. This is a disaster day. So I looked over. I said, what's going on round? She's we learned that in the fifth grade and I said well, it's gonna be down I said to myself it's gonna be downhill from there Anyway, it turned out to be pretty good But that's my story of the egg a Columbus and I'm sticking to it anyway Let's remind ourselves folks something really big is happening here in these markets and it's not getting very much press It's a holiday because the banks are closed But what we want to look at here is this market that has been very bearish for a long time We've been super bearish these treasury bonds and treasury notes and you can see they are going down They gap to get they gap down again last night Now the reason for the big rally in the stock market was due to what happened at the hang sing index a Hang saying the Dow was down to about 200 points at one time last night The S&P down about 25 handles and about 150 handles in the Nasdaq But what happened is China came out and said that they were going to relax some of those technical things that they were Doing over there and so the hang sing opened up 3 and 3.8 percent It closed to be up 1.9 percent But that huge gap like that was part of the reason for the stock market, you know, is rally early early today Hey, maybe it's going to go up forever I don't know but that's just a couple of things that I was watching this morning that I thought was going to be You know very very very very important. So remember I'm a technician. I don't really follow the news I just see how the market reacts to the news But when you see a gap up that big 3% folks 3% gap in the in the S&P would be a hundred and forty handles Not yet if we saw that that would be in the news So we don't see gaps like that because our markets are Larger and more fluid than they are over there But those are just some of the things that we want to you know pay attention to as we're looking at some of the things The other thing that's happening now folks and it's in the news and that is the fact our good friends at Goldman Sachs Again are looking for much much higher gold prices and crude oil prices Larry crude oil prices if you remember back in 2000 and the 2010 82008 when the crude was at a hundred and forty four dollars the Goldman Sachs came out with a special report saying it's going to go to two hundred dollars now folks I have nothing against Goldman Sachs They've been doing this kind of stuff since they were founded a hundred and some years ago So don't be surprised by it at all remember if you've ever read the book of Reminiscences of a stock operator. There's a great story in there There's an old trader there called old Westlake and old Westlake used to come in Oh once or twice a week and he would give his tips and Every one of his tips would fail and the traders were saying oh my god Here comes old Westlake with a terrible idea again and Livermore said oh my god take him to breakfast. I said all of his tips work He said how can you say that he said you just have to do the opposite of what he's saying and that's true So sometimes you take the opposite of what I'm doing Sometimes you say what I'm doing the problem is I don't know which one's working which ones don't that's the bottom line now Speaking of that we have a situation. It's in the news I mean it is in the news all the time and that is about this coming energy crisis that we have and are now talking about Not $80 crude oil, but they're talking about a hundred dollar crude oil Again, so when you see this stuff in the news, you've got to be very very careful. That's what we're trying to do We'll be right back eight seven seven nine two seven six six four eight You might think that if you want to be successful at trading in a stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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I want to move over to the foreign exchange markets here today because we are getting very very close to a Significant spot here in the US dollar. Now get this up here. So you'll be able to see it I know you hear a lot of things in the news about the collapse of the US dollar It's not going to go anywhere but down and you know that that may be that may be the case but right now what we're in is a little tiny bit of a rally and we still are looking at this level right near 94 94 99 95 Trading at 94 and change right now slight change 94 12 But you would need to watch this for the main reason is the fact if we turn around and look at this a euro And I'm not going to support post the euro chart or the Canadian or the Australian because those are those are available at the 24-7 folks has some beautiful patterns today in the Australian dollar and Canadian dollar But the euro is not there yet We know that the euro has got a chance for one more move down and we're waiting to see if we get that now last Sunday afternoon early Sunday afternoon I sent out a special video on the crude oil complex Because of my feelings behind you know what I'm seeing in the news and the fact that the way the patterns are forming and we looked at the The fact that we're going we're probably going to see new highs this week in crude oil natural gas crude oil crude oil gasoline futures and also the heating oil and we certainly did that But the one that we focused on which is our trading one that we like the most is the crude oil and in that video It was a beautiful Beautiful pattern there a bcd you can check it out yourself and it was setting right there at $82 a barrel Which was up a little more than $2 a barrel We suspected it to be up over the weekend due to all the news that's coming out that we get that last little boost up to 82 and we got to 82 and since that time we broke a dollar 20 We're still trading a dollar under that price. So there's a possibility here And that's what I'm saying a possibility. We might be looking at a high in crude oil today So let's let's watch that now any move above 82 would say oh no no we're probably going to go up to 83 or at least 84 But the other one that we were watching was the gasoline contract. It made a nice ABCD But didn't extend I mean it didn't quite make the actual the actual way of looking at it So that's the main thing of what we're what we're paying attention to here in some of these markets folks When you see explosive moves like we see on the opening today in these stock indices Most of that is short covering and algorithmic training and when you see those wide bars Even on a five or ten minute chart don't stand in front of those folks Because that is momentum in its highest form and you just literally would get run over if you can You know, we were down quite a bit earlier in the evening But then when the Hong Kong stuff started to come out then you saw the market Started a rally then right before the open as soon as we got unchanged on the day It was apparent that we're probably going to get a little bit more of a rally in a fact We have certainly done that now I really need you to remember that what we're watching here in these treasury bonds I'm switching back to the treasury bonds and treasury notes here The question is a mr. Z at 43 97. Do you see any yes, there was a there was a 78% retracement up there at 4402 I believe mr. Z's what we were looking at As a point for or some resistance, of course, but I think if you're not short this market You're doing a big disservice to yourself because folks I went through all these charts and I can't find any chart that I would actually buy anything from I don't Look at a lot of charts, but of those stock indices I mean, oh, they had a nice pull back to the 50% level last night at 43 52 And I certainly saw that there was a nice little ABCD there and everything and but the problem is You know this these charts that I'm looking at all the Nasdaq charts And that's not let's rephrase that all the Fang stocks that I'm looking at I mean all of them are bearish. I mean the most the most bearish of them all is Facebook my goodness I'm just sure this one with you. I mean you want to see a bearish chart and you're going to see one here Hold on one second here. It'll only take me a second to bring this up But boy, let me tell you the the Facebook chart is I would I don't see any reason to be a buyer of this now It might be up the limit today, but let's just look at see where you are now That's doing not very little hold on one second here. I can get this up To it's got a little too much stuff in here. This is the one there is where we are here Let me get rid of this out here I Got a little I'm trying to move this around so we can still see my notation. There's where we are hold on a second here Okay, here's the Facebook chart newest get this up here. We'll look at it together here That's not right Larry. Hold on just a minute here. Hold on just a second Okay, you'll notice the four-day rally that uh We had back in late September that couldn't even make a 382 retracement And what we have last week on on thursday We had a 382 retracement another four-day rally four day rally four day rally and I believe it's down today It is it's down today. I mean in an upmarket. This is this is a berry stock folks. I mean, I I hate to tell mr. Zuckerberg. He might lose a you know a couple hundred thousand dollars on this if he stays long all of his All of his stock that he has but anyway, that's what i'm paying attention to here And if he goes through all of those fang stocks, you'll see that you I can't find a bullish one in the group The only one that's really bullish. Well, you know, you can't really say google isn't but Uh, we certainly know amazon's not bullish But if we take a look at netflix netflix completed a big let's just do netflix too because that's another one that That is very very interesting because it just completed all of the big abcd patterns up here And it it's up a little bit today, which is not unusual because it's the the big daddy rabbit But let's get this up here. You'll be able to see here where you go Here there's the big abcd up there at 649 We're trading around 636 today So those are just a couple of them if you go through all of them I mean some of them just look just looks absolutely or even the the bullish one this this was this is google You'll be able to see it here just one second here google is still in a downtrend all it's done today Is take out friday's high right at the 61 percent level. So that's what i'm uh, that's what i'm paying attention to right now So I hope that means something now someone's asked a question about the Cryptocurrencies i'm going to leave some of that to our good friend mr. Tim boss to be coming on He's been hitting those things pretty good boy So like they say if you want to go to the dance Find the girl that you want to take and stick with it and do the dances with her So that's what we're going to do We're going to have tim boss talk to us about the cryptos a little bit and see how they're at much You know, we've got um, I saw today bitcoin above 56,000 folks remember just a few weeks ago at the 382 we were trading at 28,000 It's doubled in price and bubbles don't act like that folks I mean bubbles don't last you know from night from 2017 to 2021 I mean, this is a major thing. I don't know what these things are about It's over my pay grade, but something big is happening in those things. So sort of pay attention to it I I think you have to because you know, I didn't know anything about tulip bulbs When I invested those back in the 15th century, but you know, luckily I got out before the market topped And if you still believe that boys and girls, I'm just joking because I'm not really that old Some days I feel that all but actually Do it okay for considering all the stuff that's Happened over the last 80 some years Anyway, this has been you know a heck of a run here and I hope we continue doing it We need to pay very very close attention to these foreign exchange things folks very important We'll be right back with Tim Bost Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? 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I believe we have Fortunately been able to contact the trans neptune and devil himself Tim boss. Tim. How are you today? Well, I guess I lost him on that comment Ah, gee, I hope I didn't screw up again. Anyway, the problem was last time I forgot to tell me about the time change but some they said he was here and I certainly hope that he has been has uh I've done that I Uh can tfnn helped me help me out here a minute. They said he was uh The tim was in the room. I uh, don't hear him tim. Are you there? broadsword to dandy boy broadsword to dandy boy come in dandy boy I see his slides, but I put that's up jimbo that I put those slides up. I don't know why he's not He's on the line tfnn is not connecting with me. So I'm not going to be uh Well, maybe I'm just going to continue talking here We'll see what's going on. Well, I've lost some type of a connection here Let me double check a broadsword to dandy boy. Everybody. Can you hear me folks? 10 4 10 4 come in Okay is uh, yeah, everybody can hear me. Okay, that's good. If anybody has any questions There is one line open Al tells me Very good Tucker Tucker is mentioning that maybe tim is having some transneptunian trouble himself That's a double. That's a double whammy of mercury retrograde. I think so. Let's let's keep our uh thing is going right here I think we have our friend on the line now tim. How are you doing? Do we have audio? Oh, we have audio I introduced you as a transneptunian devil and we got disconnected. So I guess the The astro gods are punishing me Okay, then We got I got a bunch of questions, but let's go through the uh, let's go through your material Then I'll ask the questions for you. Absolutely. We'll answer for all all comers here today We have uh events coming up the next couple of days that are quite uh dramatic and exciting We're dealing with our transneptunian friends here. Haiti Is going retrograde tomorrow and then chronos on wednesday will be going retrograde kind of back-to-back phenomena From these uh transneptunian factors and so that's what we're putting our focus on here Especially for the next few trading days and we're doing an in-depth webinar on this topic later today In fact, I've been doing a lot of research here very very exciting material to work with uh, so to put things in perspective here as we look at transneptunian factors What we're actually concerned about are what we call the kuiper belt objects Uh, the transneptunians were traditionally called hypotheticals because nobody's seen them until 1992 When some of the big space telescopes discovered this uh, uh doughnut shaped a ring of tiny little walks out in space Out beyond the orbits of the solar system. So, you know, here we are on earth and and uh, you know Mars jupiter Saturn all that's kind of the hole in the doughnut so to speak and the kuiper belt objects There are thousands and thousands of them out there Most of them untraceable, but we've discovered that some of the early projections by the astrologers a hundred years ago Were actually forecasting accurate orbits for these guys So there there's something actually out there. We just want to confirm that But what we're interested in of and of course is their effect On the markets and we look at a variety of markets with them. I'm going to take a quick look here at Covered here and in fact, we've been working with this Gold chart now for about seven or eight years when we first began to understand the relationship between the transneptunian factor chronos And the sun in tracking Trend lines for gold and that to model is held up very very well for us over the years So that's kind of our go-to Solution whenever we're trying to figure out what's happening with gold. And so what we can see here is that Based on this chart is a day or two old that we've got these chronos Planetary price lines in the fourth harmonic the horizontal purple lines represent chronos the diagonal green lines Are the positions of the sun and whenever we get a key Meeting points of those lines Typically something significant happens. What we're seeing right now is gold challenging chronos resistance At 1784 50 if it breaks significantly above that then we've broken into a new channel there And as you can see as well with the diagonal lines The gold has been trading in that sun Channel for some time now So that would represent a breakout of both channels if we get a big move upward in gold Right now that resistance is holding pretty firm But that's one of the reasons That we're interested in the fact that we have this chronos making a retrograde station on wednesday of this week This is what our back testing shows with chronos retrograde stations Based on the price action in gold We've taken our historical with the gold market here and Analyzed it and sliced and diced it so to speak This is the average of response from all the examples We have of the price of gold trading when there has been a chronos retrograde station in the past That zero point in the middle marks the date of the station itself to the left We have the minus 10 minus 20 those previous calendar days These are not trading days and then to the right all the way up through about 21 calendar days after The date of that station and as you see typically what we see is a little bit of a bearish bias A congested pattern going into the station And then right before that we get a surge upward into the point of the station itself That crossing point of the zero line and the horizontal line just below the s in stations the final s there Is the the date that we're looking at and then following that we get a little bit of an upward move And then a downwards swing after that In studying this phenomenon what we have found is that the even though the the upward surge looks far more dramatic here The selling pressure afterwards is much more Predictable much much stronger In fact, if we were to hold off here with gold and wait until the 21st of october That would be thursday of next week and and sell short at that position and then Cover on the 29th That has a 69.7 Percent likelihood of being a successful trade to the short side With an average gain on that of about Two and a half percent something like that. So that looks very tradable from our perspective Based on what we're studying with the chronos effects on gold So it's not only something that sets up these lines of support and resistance when we get a phenomenon like this It's worth paying attention to well, we have a question from New Hampshire and that is He's asking when when you're looking at these dates like october 11th or 12th now are you you you'll if it's going down You'll look for a buy signal if it's going up you'll look for a sell signal. Is that what the interpretation is? Uh, basically what we're looking at here larry depends on the individual market. We're concerned with And we've done back back. This is the gold market. Yeah. Yeah, this is gold right here. And so and with this picture here Uh, we've had put a little error there says you are here. We're two days before the exact thing So we would expect a little bit of a of a bearish Bias over the next 24 hours or so and and then a surge to the upside leading into this phenomenon And uh going from from there So these are you know average reactions and of course we always try to trade what we see And if the market doesn't behave as we expect it to we back off and so it's as simple as that Okay, stay with us tim. We've got a bunch of questions today. Thank you very much tim boss folks financial cycles weekly be right back with cryptocurrencies Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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We're talking with uh tim boss financial cycles weekly and we're all of our favorite subjects And I know absolutely nothing about is the cryptocurrencies But all I know is when it chronos turns this puppy runs like a goat So in amounts anyway, this thing is really moving It is indeed isn't that I'm recalling when we first started talking about crypto I think it was back in february or so and I said at the time it looks like we could hit a hundred thousand on this Uh sucker and uh, that's still within range. We're not quite there yet You don't mean today. You mean by christmas, right? Exactly whatever I'm gonna look at my stocking and see what we get there But uh, no, we're using a chronos here and venus with our eight harmonic projections To track bitcoin. We found that it likes these venus channels and current trading chronos once again provides those levels of Head up words and pull back and head up again The this chart goes back to about the first of august So we just have a couple of months here to examine With the chart, of course, a longer term we see even bigger price swings But i'm liking the way that these Chronos lines define the levels of support and resistance. We've had a breakthrough through the resistance zone at 55 544 and That's currently let's see When I did the chart here about an hour ago is at 57,000 327 right now it's 57,475 or thereabouts. So we're continuing to see a move upward here Our next big target and the potential resistance is at 60 440 dollars we have a ways to go yet And of course that's shy of the all-time high But what's exciting here about bitcoin is what happens when we have a chronos retrograde station As we've got coming up day after tomorrow And so of course we have to add a caveat here We only have a few years of trading history about 10 years with bitcoin. So this is You know not totally scientific if we had 50 years we could go back and get fine tune numbers But so far this is what the pattern looks like when we get a chrono station This thing takes off like a rocket and so even though we've seen a lot of pretty big increase Here this is looking like it could be an additional 25 30 percent move on top of this if it responds According to this pattern. Of course past performances guarantee future results, etc, etc And use your own good judgment here. But we believe this is a good Bet for the long term here as well So what we're doing is exploring all of this in a lot more depth of our webinar here later today And we encourage folks to have a web we have a webinar today We do indeed for our half an hour after the market closes 4 30 eastern We're doing a webinar and we're going into a great deal of depth of multiple markets looking at bitcoin gold the equities markets some international things crude oil and whatnot all Want to be prepared to trade them effectively We've done a lot of back testing to develop trading strategies with these very specifically as well So if you haven't connected already Go to bit.ly slash tim larry p. That's all lowercase except for the initiatives tl and p Those are capitals and this is sensitive and we'll get you on the list to get the information on the webinar This is there is a small tuition fee, but we're giving a 50 discount To folks that connect through your link larry. So your listeners get special privileges. How's that? And they it comes with the usual money back guarantee. Is that correct? Absolutely, if you're unhappy after the back, let me know Well with this volatility, I mean you've really been able to Put a nice roadmap on most of these things What I'd like to do tim Be october being the month that it is is have you on again towards the end of the end of the month Maybe maybe some around the 25th. Would you be able to join us then? Uh, that looks like a positively you have you got the 26th. I'm seeing a doctor's appointment 25th there actually Well, how about the 26th 26 looks good that tuesday, okay? Let's do that We're gonna have you on again, of course october october being as wild as it probably has some new stuff there, but Everything will be blowing up for sure Yeah Either up or down That's right. That's what keeps us entertained gets us out of bed in the morning. All right Amen. Amen. Anyway, if you will uh, you know, stay with us again. We really appreciate it. Thanks for joining us today It was really great having you again Thanks, and we're glad we got all the technical challenges surmounted here and yeah able to talk to each other Hold on better the big signals I next time I'll remind you of myself a couple of times that I should tell you when the the it was an hour early As opposed to the regular time Well, we do this daylight savings time. That's hard enough, but you make it even more interesting my friend Have a good one. Thank you. All right. One of the reasons I moved there as long as they don't have daylight savings time There you go Okay, thanks a lot. Jim. We'll see you later buddy. All right. Thanks folks financial cycles weekly check it by he's got a webinar Today at the end of the day. So if you're interested in it, it's nice. He gives great information And of course, it's uh, it's free, which is always a good price Now, uh, we are watching some of these markets when we're watching all of them very closely But the ones that are really Uh, have our strongly are the crude oil markets because we hit that major pattern up there At 82 dollars a barrel today. We're now a dollar barrel under it at 81 10 Uh, we're having lower highs here in the stock market So but hasn't really done very much had that big short covering rally earlier And so we'll find out what's going to be happening with that But be watching those of you that are in the foreign foreign exchange markets pay very very close attention I posted that chart and it's worth posting again here because It's that important because of the fact for two reasons. Let me get it up here Hey, I'm just an old, uh, featherweight from tarot indian trying to find out what these patterns mean But when you see a market like this one here in the u.s. Dollar that has taken Nine months to complete a three eight two retracement folks That is not a sign of strength go back to 2017 when we made a bottom look how quickly that market came out of there like a rocket go back to 2011 how the market came and go back to 2011 when the king of all this stuff Mr. Tom O'Brien coined the words king dollar when it was at 73 It went from 73 to 104 104 down to 89 89 back to 104 But why did it take nine months to make the three eight two retracement and ah therein lies the rub We have to pay attention to this now two things will probably happen The u.s. Dollar will start to weaken because people will realize that we are 28 trillion dollars in debt Sarah's little grandson 10 years old posed the question to his grandma yesterday the fact that he knew That the government was 28 trillion dollars in debt when i was 10 years old the anything the only thing that i knew Is that willy maize it hit his 30th home run halfway through the season? That's the only thing i remember when i was 10 years old But anyway, these are just numbers folks. We got to focus on these they're very very important And i think that's uh that's going to be the the telltale's tail for the last four months of last four months of October to November December the last three months of the year will be focused on these Treasury bonds treasury notes in the u.s. Dollar i think that's what's going to be it by the way those of you I'm a big willy maize Please show your oil chart. Uh, it's in the newsletter. Mr. Z I will try to pull it up here for you if i can if not It's right in the newsletter there in the first section. I think we'll be able to I think i'll be able to get it up here in just a second here at the break eight seven 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 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 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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That's 877-518-9190 Okay folks, I posted the charts that I think were the most important today I did post up the chart for the crude oil Uh, it's a four-hour chart with uh, mr. Z asked about that. That's what I was looking for You can see the uh three drive pattern that we had there We had that same pattern in the heating oil and also in the natural gas the reason why I Focused on that this week is because of the fact that Goldman Sachs is out there with their trumpet again And anytime Goldman Sachs has something folks be very very careful. It's not that they're Uh, they're not they're not well. I don't I don't all I can tell you is just be careful They have a tendency to be uh Uh On the other side of some of these trades we saw this in the uh, if you remember the The housing market thing that was troubled, you know, that's where secretary Mnuchin make all his money And they were they were selling these things to the people and they even they knew they were no good I mean, so you gotta you gotta, you know, do the due diligence yourself All I do is I look at the news when I hear it from europe and I hear it from asia And I hear if the united states that there's this giant oil supply problem It's uh, everybody's going to be standing in lines like we were in 1973. I say Well, maybe I better look at the other side if I see a little pattern there It looks like it's tradeable. That's what I'm interested in so take a look at that Remember folks. They've done the same thing to us in natural gas They didn't do it to us because we we didn't fall for the trap but the natural gas has gone from You know, 364 to 530, you know, that's a drop of uh, you know 21 000 in a matter of, uh, you know, six or seven trading days So that tells you that that market is the bull market and that one is over So there's again where the the news was following the trend somebody knew something ahead of time So that's what we try to do here is to give you a little bit of edge by looking at the patterns Now do they work all the time? Of course not nothing does but What we do is to try to limit the risk of the things we are looking at and so pay attention to that I particularly liked uh, Tim's comment about the gold here. We're trading at 1758. We got as high as 1782 on friday. We dropped us over 30 bucks So what I'm watching for is that we get one more jab down to that 1742 level could be very very interesting in the gold Live every day in an attitude of gratitude and may god bless