 The following is a presentation of TFNN 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, looking good Billy Ray feeling good Lewis. We have Stan the man Harley of the Harley stock market letter Today at 930. I know you folks would be glad to hear what he has to say He's certainly been spot-on in both the bond and the stock markets and pretty much on your old to Well the first chart we're going to look at today is what we usually look at and that is the German DAX over the past 10 days as you can see we had a very very large rally yesterday Continuing into today and actually it started today. You'll notice that today is the 19th and we had a nice move from 131 60 all the way up to 133 70 and That completed an ABCD as you can see here and we cleaned out all of that congestion You know right up at the 1.27 level if that is going to You know hold the market if we look at the DAX index on a little bit longer time scale, which is of course the weekly We'll bring this up and you'll be able to see it here. We're completing a butterfly pattern up here At the 1.618 expansion and that's at 13400 and I think the high today so far has been 13,350 as I recall That has not made a new high on the it hasn't made new high on a year Of course, but not a new all-time high the all-time high is up around 13600 which it could be there by the time we finish this segment of our show Because the markets are moving pretty good Well today. Oh someone asked a question from what my was talking about the description of the book the man who Solved the markets a story of Jim Simmons from Renaissance Capital What my big takeaways from that book was personally one was the fact that he really was into geometry and Going back to looking at the Babylonians and stuff These are all the things of sacred geometry that we look at here And if you do that and he had the name of his yacht 220 foot now that's a little bigger than Tom's Was Archimedes and of course so we all know who Archimedes was he's the guy in the bathtub that says Eureka I found it when he understand the buoyancy of gold. Well Let's move on and talk just a little bit more about that book a second take away that I got and this was very very important It really reminded me of history and stuff is that he said in 1989 and remember he struggled from 1980 through 1989 he really didn't start making money until 1989 and then he started doing it, you know forever well last 30 years anyway, but He said that they bought a MIPS computer and that was the difference a MIPS computer is Mips that means millions of integers per second and They he bought that and that searches for patterns and we we bought ours in 1992 and That little machine set in the office there in Pismo Beach and ran constantly for four years Until it finally died and we thought we'd got everything out of it, which I'm sure we thought we did and I think we did but that that little computer You know it remember the computing power back then the computing power back now was a lot different You can probably put it on a wrist watch today But it ran like 24 hours a day had to be repaired a couple times over the years But 20 men reminded me that we paid a lot more than $6,000 for it He thought we paid more than 10, but you know, I was I was going through I was burning burning money at the time So I I don't remember what it was because anyway it basically what it does it searches for patterns And that was one of the thing that Dennis Regan the guy who worked on this thing originally And of course he died, you know leaving us nothing in but the idea of Looking at the MIPS computer was something that yeah, and it works part of the time folks I mean at least the one that I have I mean it's not it's far from perfect, but remember a Jim Simmons is only right fifty point seven five percent of the time fifty-fifty coin toss But he says that fifty point seven five. I'm a one hundred percent in that trade And that's where he pushes the he pushes the limits and that's pretty much what we see when we read Tom Who guards book About how he trades and try to catch those trends today for the first time in a long time We have got a pattern that we don't see very often it and one of the markets that we're looking at that signals There's a possible top today. We haven't seen I mean I'm looking to ratios and they've kept going up and up and up But this is the first time we've seen a pattern that actually did that So if the market does start down today it might mean something but again if it doesn't doesn't mean anything anyway Someday it'll go down, but maybe not in my lifetime, but who knows all right the next one We want to take a look at here is the footsie because we've got mr. Johnson and these guys are over there fighting and everything Just like they all are always are and so I just brought this One-hour chart you can see we're up at the 78 percent retracement Nice little ABCD pattern there and you can see the other ABCD patterns that are here if you look at the left side You can see the really nice Triple top their head and shoulders pattern just absolutely really nice and then to the very top You notice that said nothing more than an ABCD pattern from the 22nd and as Mr. 20 man says defy human nature do the work yourself So pay close attention to that. That's very very important now yesterday We had a nice bottom in the goal down at that 14 58 level the lowest 14 56 70 we rallied $20 an ounce and now we backed off about $8 an ounce a little more I Think we came down $11 an ounce. That's about the most you're going to get if if the market's really good So as long as the gold And the reason why we say 11 folks is that remember the half of the harmonic number in gold Which is $17 the harmonic number is 34 half of that 17 the 61 percent retracement of that is 11 So any move beyond 11 below 1465 would tell us oh something's wrong in River City So you have to be very very careful and that's the main thing that you want to focus on as you're looking at that Now we are going to talk just a little well. Let's get back up here and we will Talk just a second here. Well, they someone's asking about the gold Let's get this up here because this is this is from yesterday when we're looking at you'll notice the 61 percent retracement came in there We had a nice rally. Remember the rally went all the way up to 1476 You see that hide it up there and match that rally so it had a $20 rally hadn't it hadn't gone above it So that's a sign that it is not not broken out yet right now. We're trading it around 1467 the overnight low was 1465 and change so it's still holding in that area But we really needed to get above 1476 to keep the ball rolling on the bully side So that's what we're keeping an eye on here early this morning And let's if I have any questions folks is 8 7 7 9 2 7 6 6 4 8 When we get back from this next break We are going to dissect some natural gas and take a look at it to see what it's going to do next because we're at some Serious numbers here pretty soon, and we want to watch that very closely So keep that in mind that the next thing we'll be talking about will be natural gas if you have any questions You know, please give us a call 8 7 7 9 2 7 6 6 4 8 If you're not currently using the Taz profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The Taz profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve doll Taz understands that in today's Technological world the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market You also gain access to the webinar that Steve doll and Tom O'Brien just hosted the best way to use the Taz profile scanner to profit This webinar archive is available for all subscribers immediately upon signing up all new subscriptions Also come with a 30-day money back guarantee So you have nothing to risk start your subscription by visiting the front page of tfnn.com today And you'll find the Taz profile scanner under the services tab sign up today Are you in the market for buying or selling real estate in the Bay area including the surrounding st. Petersburg Tampa and Clearwater markets tiger real estate LLC is a firm that has extensive experience in the Tampa Bay area whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property tiger realty has the experience across all areas of real estate in The Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels from the price You should be paying per square foot in certain up-and-coming areas to the type of cash flow Investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call tiger real estate LLC today at 727-329-8322 Or email us at tiger at tfnn.com that's 727-329-8322 call us today Many of our new listeners have heard about the tiger's den the tiger's den is a lively community where professional traders and investors can meet exchange ideas and information in a comfortable moderated atmosphere Hear all of the tfnn shows plus see all the charts as they happen live and have access to archives of all of those charts You can test drive the tiger's den absolutely free for 30 days and greatly enrich your knowledge of these markets And how to make your money work for you details on the tiger's den on the front page of tfnn.com Tfnn has launched our brand new website You can still visit us at the same tfnn.com URL But when you do you'll see a new and improved home page with a much simpler navigation Whether you're watching tiger TV live in high definition or just accessing your newsletter subscriptions We even have new pricing in six months and yearly options Check out the new tfnn.com now and experience all the upgrades tfnn.com educating investors Toll free at 1-877-927-6648 internationally at 727-873-7618 Okay folks, we're back and we're gonna be talking here just a little bit about the natural gas that we brought up here You'll notice folks a week ago. We were up at that 78 percent level Excuse me 38 percent level a long-term weekly chart up there at that 290 level and the important thing there is you notice that we stayed there for five days folks That's a weekly reversal and then we gap down You know that was on the last Thursday I believe then we rallied back and the rally back was almost exactly 38 percent and now we're heading down We're lower again today. We're looking at a price of 239 in the Natural gas and we're trading around 250 to right now I believe but that's where you would probably take a look at it because that's gonna be a 61 percent retracement of the low on October the 14th It will also be a 50 percent retracement from the low on August the 5th plus you'll have an ABCD pattern there There's one other factor that's there that you should pay really close attention to and if you believe in harmony And this is what Jim Simmons does This is the kind of work that he works with is if you notice the high that we made there on September the 13th When we had the full moon we came straight down. Yes, and he does use lunar cycles And it came straight down into October the 13th the 13th another full moon You notice that that move is going to be exactly equal if we get to 239 Now if you don't believe that what you should do is defy human nature and do the work yourself Because it'd be right there in front of you and they would tell you gee whiz at that spot It's going to be looking pretty good And there's one other pattern there that we really should pay attention to that we got from Roy Longstreet and his fine son bill That would also be a 1 3 5 pattern with August 5th being a 1 August the 10th being a 3 and it looks like the 25th of November and I you know, hey, I just put that in there. I didn't do any psycho work I just you know, that's just the red line thunderbolt line ABCD from the ensign software You know making it down to that level. So that would be a 1 3 5 pattern It might not come in until it might it might only make 246. I don't know 247 We don't know that but at least the pattern is forming and you know, we'll see if that's going to be the case I hope that helps in the analysis of what we're looking at here when we're watching these markets unfold I Wanted to share with you one other chart that we got from The Elliott wave folks and this is about someone asked a question about the market and the Federal Reserve You know who runs what and if we bring this up here to take a look at it Now this is coming from the associate economics Institute, which is part of the Elliott wave We will take a look at Christmas corn for you Bob and just a second here You'll notice here that the actually it's the real market is what really runs a thing and this is going through 2018 this year is not in but You'll notice that the federal Federal Reserve reacts to what the market is actually doing and right now We've had a nice small rally in the bonds and nodes Which that is about all we're expecting folks because that bond and note market is in big trouble It really has a really good possibility for breaking it if you look at this is This one second here. I think this is what we want to be looking at. This is a this is a chart Just showing you where we are with the debt market in Compared to other times you can see the credit cycle peak in 1990 the credit cycle peak in 2000 that was a dot-com bubble see the credit cycle people in 2008 That was the housing and look where we are right now Anybody that's seen that pattern you can see the ABCD structure in this and believe me when you're dealing with numbers like this These patterns are you know, they they don't change very much just comes from Haver analytics, which is golf from Statue will be able to see hey We've got Paul from Henderson, Nevada back on the line Paul. How are you today? I'm doing good. How are you today Larry? How am I lucky enough to get you twice in one week my friend? I really appreciate that. What can I do for you? Hey, no, I really love the show. I listen every day. I Think you have some outstanding information I'm taking a look at CGC here, and I'm just curious on the long term daily Is there any race shows that you see? I've been shorting this thing quite a lot day trading Is that is that you're behind it at some point? I'm just curious if you see anything Is that Chipotle? Is that the name of the stock is I I don't I don't see it here anywhere You say it's CGC. I don't see that anywhere Let me let me bring it in I'll try to get the data working right now Paul see if I can get it CGC Then they'll just get this up here to see if we can add it and take a quick look at it if you're kind enough to Call in I'll be uh-oh. This is not a good sign Dear folks, I'm switching data and believe me you you don't want to be around me when I'm switching data because It's it's not a fun thing to it's not a fun thing to see hold on a second. We'll get this CGC up here if we can Did we make it or not? CGC Yep, there it is. We did get it now Hopefully there'll be data coming in whether it is or not. We do have data coming in one second here get this up here Alrighty here's where we are Wow this thing's heading into the sewer I wouldn't I'd stay short if you're short this this thing's uh I don't see any reason to get out of this. I mean, it's uh, it's it's Now yeah, this is this stock is in big trouble whatever this thing is. Oh on the long term hold it long term We got to pay attention here. Let's just take a look at the last low. We had way back in 2017 you even go this thing's a This has got skull and crossbones on it Paul. Let's bring this up and show the folks Here's where take a look at it We gap we gap down below the 78% level at 17 This stock it looks like it's going to six Paul There's an ABCD there. That's completing. I see that but gapping down like that below the 78% level What I would do if I was short that stock I'd put my stop at 16 and a half and let it rip because it looks to me like we're heading down to six I hope that helps but that's not a very bullish sign when you gap below those major ratios That's the ABCD structure on this measured to 18 and we're already $4 below that so this stock's going a great deal lower in my opinion. This doesn't seem to be Any help in it right now? So those are just a few of the ones that we're keeping an eye on this morning I hope that helps so thank you for calling in we really appreciate it and I guess Paul hung up Let's move on to the next one that we want to talk about here and that is folks One of the things that we focused on in the newsletter this past week where there were two things It looked really interesting one was a gold of course that turned out to be pretty good And the other one was the the crude oil market That was also another one that that worked out to be pretty nice and we'll get this up here I just want to explain to you what I did in the video and in the charts that I sent out to the Subscribers is you'll notice that we had a potential for the crude oil to get to 58 79 that was a 61% retracement But the real key to this was Friday's action as you can see here on Friday's action We took out the highs of the last two weeks at 58 the high was I think We'll be right back eight seven seven nine two seven was Stan Harley of the Harley stock market letter Larry Pezzavento has just started his brand-new service Fibonacci 24-7 and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends each Monday you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out and Throughout the week when warranted Larry will send out via charts or videos or both the key markets that he is watching during the day This will be up to the date active trading information that will help you in your daily trading in Larry's first week alone He sent out 25 charts six videos and a full report to his subscribers in just one week If you're a technical trader that uses patterns and retracement to trade then Larry service Fibonacci 24-7 is something that you must try right now new subscribers can get a full 30-day money back guarantee with nothing to risk sign up Now to Larry Pezzavento's Fibonacci 24-7 by visiting the front page of tfnn.com under trading newsletters The path of least resistance is David White's daily trading newsletter And if you're looking for active trading ideas then now is a perfect time for a 30-day free trial to this powerful daily trading advisory Service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with Intraday afternoon updates when warranted don't miss out on this great chance to get a 30-day free trial to David's daily newsletter The path of least resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers Recently and if you'd like to see the type of newsletter He delivers every morning then visit the front page of tfnn and you'll find the path of least resistance under trading newsletters For all the details and to start your 30-day free trial today log on to tfnn.com now Tfnn is excited about our new software charting program the art of timing the trade 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 trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups Including Gartley's 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 gonna 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 Hey folks two Announcements first the most important one is tonight at five to six thirty eastern time Basil Chapman We'll be doing his annual review It's a comprehensive review of the Chapman wave techniques and market outlook for two twenty years for 2020 and I Highly recommend you watch that because this guy really knows what he's talking about Comes with a money-back guarantee So you really just for new subscribers, so you just can't you just can't pass it up But with the things going on here, he's very very good at what he does and I think you'll enjoy it very very much The second thing in is next week next week from the 25th Through the whole week of the 29th, which is going to be a shortened week The old cowboy is going to take the whole week off for R&R rest and recuperation I now never trade on Thursday or Friday anyway and Wednesday short So I might as well take the time to do some family things that we want to get done So you will be probably entertained by somebody else at that time. Unfortunately today We're not able to get Stan Harley out Because he had something that was very very urgent and I'm probably related to the market But maybe not but anyway, that's one of the things that we won't be able to do today Is to listen to Stan now we do have a question here about the Bitcoin and as you can see here We'll get this chart up. Oh, I Knew the answer to that David, but I guess wrong. I hold on one second get that up here You know, here's the chart of the Bitcoin You know, we had that really strong rally and then we've come back and we've given back 78% of it folks. That's not a good sign for Bitcoin. It must hold at 8,000 level We're trading at 81 20 right now and below 8,000 means that 786 is broken And then you're going to be looking at a bigger ABCD for the last several months Taking you down to about 6,500 and that's not a very good sign from the bulls if that's what's happening To that here again You see that big rally that we had there was caused by premier Chee saying that, you know, they were going heavily into blockchain technology And cryptocurrencies and everybody bought into it like they usually do when they watch the news And of course the market said, oh, maybe that's not what is going to happen So we'll be able to see by the way, this is the 13th day in the row That we made higher highs or closed higher in the Dow Jones That's a that's a very, very unusual Very, very unusual event, but that is neither here nor there Okay, the next one I would like to just go over One more time and let's get that up here to take a quick look at it here Is the oh, where is it? Where is it? Where is it? Here's the euro. There we go Here's where we are with the euro get this up here. Take a look at it Now after the euro, let's get this here so we can see it After the euro made the 61 percent retracement down there at 109.95 We had a nice rally. We got up to 1085 rallied 80 pips And those of you that look at the things with harmonic numbers That's within 10 pips of the exact harmonic harmonic number in the euro And now we backed off. We're still we're still trading up there though folks We're still holding very nicely. So that tells us that bottom that we made On friday was a very very important bottom. So we don't want to lose lose lose that fact That's something I think we really need to pay a close attention to If you have any questions folks, it's 877-927-6648 and I want to get one other Thing here to cover something hold on one second here. Where is there we go? This is our pattern here that we've been waiting for for quite some time In the soybean market. We'll get this up here And then we're going to cover one other one That's really important today because we are banging on death's door in the ol hog market Here's the smart soybean folks. I've marked those two Red boxes because that means the market stood up there a lot of distribution And then you see what happened. We got the abcd coming down about another 12 to 15 cents Beans are up about three cents today, but hasn't really Fulfilled that pattern. So I don't think you can get to it. So we'll have to Pay close. Hey, we got stand on the line now stand. How are you? I hope he's on the line. We'll see Um Broad sore to dandy boy broad sore to dandy boy come in stand harley the chicken is in the pot the eagle has landed It doesn't seem to be clear here. Hey 10 4 10 4. How are you doing my friend? Just just doing awesome here, you know, we're going to get a major dumpx of rain here up in here in Arizona here starting late today Yeah, I I saw the saw the reports. Uh, it was really really quite ominous is what they're saying Which is unusual for us to get it in november, but you know, we'll take anything we can get Stan, we have a question for one of our listeners from last time you were on and you mentioned The fact that you were still very very bullish the bonds He wanted to know why and the sequel to that was your opinion on gold. That that's how he started. So I think You know, that's maybe the start out with the questions with see what's going on Well, uh, yeah, I think a longer term. I think the bonds are poised ahead higher We're doing little chop chop right now um Back in the area of the highs from 2017 and uh, I think we'll do some back and fill structure here, but by and large I think uh bonds are probably going to head higher could possibly pull back and tag the uh The 200 week uh And or the 50 week moving average. That's certainly possible That's on the 30 year bond, but uh beyond that I think bonds will probably head higher Over to the precious metals. Um, I think we've probably seen a significant high there There's a there's a there's a cycle that averages about 80 weeks On the weekly chart and then on the monthly chart about 94 months I think uh, both of those uh came together here a couple of months ago And I I think the metals are probably done for a while and they're probably going to head south Okay, well stan, you have been incredibly bullish on the stock market and it certainly paid dividends Looks like we're continuing to go higher. Uh, you you had some Some something in 2020 that you were looking at that might bring a correction of a half a day or something What are you looking at in the market right now stan? I shouldn't joke around because you've been so dogged on accurate, but go ahead Larry I've been focused on this pattern I call the rule of four. It's something that w d gan found about a hundred years ago It's a a rare But uh very reliable pattern and what he said was that As the market moves up to some area of resistance that resistance can be horizontal It can be upward slope sloping. It can even be downward sloping although that's rare But the point is the the first three stabs at that resistance level result in failure And the fourth attempt is a maker break time and the fourth time if it fails to punch through that resistance line Then you get a pretty sharp swoon to the downside On the other hand if the market breaks through on that fourth attempt and breaks through to the upside Then you get a tremendous move on on the upside and I believe that's what's developing right now, Larry Oh, yes. Yeah Yeah You look at the dow or the s and p charts you you got a modestly upward sloping line with the highs of January 2018 September, October 2018 and again of july of this year Uh, and we've broken through And I think the gains on the upside are going to astound a lot of people I think we're going to rock and roll significantly to the upside Okay, stan. Can you stay with us a little bit longer? 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If you would like more information about the tiger first mortgage program, you can call me at 877-518-9190 That's 877-518-9190 If you're a trader in the market looking for exposure to gold or gold mining equities Then now is a perfect time to sign up for tom o'brien's gold report the summer is over gold is trading back above $1,500 and the 10-year treasury is hovering at around 1.5 percent Tom o'brien has been writing his weekly gold report for almost 18 years There's no one that knows more about how the gold market trades and how gold mining equities react New subscribers get a 30 day money back guarantee. So you have nothing to lose every monday morning Tom publishes his weekly gold report with coverage of gold silver bonds the xa u h ui gdx the dollar as well as more than 30 different mining equities as of september 3rd gold report subscribers have five Active open positions with an average unrealized profit of almost 38 percent for each position to see for yourself The types of profitable trades that are recommended within the gold report sign up today by visiting tfnn.com Will the smp 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s directions daily smp 500 bull and bear Leveraged ETFs direction leveraged ETFs an investor should carefully consider a fund's investment objective risks charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus call 8664767523 Or visit direction investments.com a fund's prospectus and summary prospectus should be read carefully before investing An investment in the funds is subject to risk including the possible loss of principal The funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services llc The bull bear trading hour with tom and tommy o' brian next Okay, folks we're back talking with stan harley of the harley stock market letter stand You know that the foundation For the study of cycles has been revived. Are you aware of that? I am. Yes, Larry. Okay. Yeah, richard smith is going to be taking it over. I spoke with him last week He's going to be a guest here on the show You know pretty good. I I actually went to pittsburgh and met edwin dewey, you know Way back in the late 60s Well 69, I believe and of course I communicated quite a bit with gertrude shirk over the years But I was glad to see that they've got some wonderful research and it got a lot of astrological research too that They've never shared with many people, but I understand they're going to bring out some great products So we'll see that fellow that was running at david peralta. He he died very unexpectedly. Are you aware of that? Yes, yes, he did about a year ago. He unexpectedly passed away. Yes Do you know the do you know the cause of death or anything? Was it was it? Accidental or was it mysterious or? Uh, you know I I I don't know You know what as my grandma said if you don't know, it's none of your business. So let's just leave that out Out of the equation. Uh, we've talked about the gold interest rates in the stock market Is there any other markets that you look at do you look at ETFs at all? Uh, when you when you're doing your work stand Well, I I'm a broad market index kind of guy. So my my personal inclination is to trade the ETFs that Near the s and p 500 either long or short Okay, and then the bond you'd like the tl tbt that type of thing Exactly. Yes. Yeah, I trade the tl t for the bonds. Yeah, that's my my ETF for the bonds I also look at the home home price market the k shoulder series of home price indices Oh, yeah, well, they seem to be going up in your area. That's for sure Well, they seem to be going up all over the country I look at the national index and I look at regional indices and the the national index said just hit a new all-time high And and I look for home prices to continue their march northbound We got a very favorable economy right now low interest rates and from a technical analysis perspective I I could see that market just continuing to head higher Well, that's good. Hey stan, I'm going to let you go now because I know you're really busy But we'll have you on again soon I want to wish you and your bride a very very happy thanksgiving and we'll have you on along before christmas, of course But uh, hopefully over the holidays if we get up there I'll introduce you to sarah and we could meet and say hello after what 35 years or so Absolutely, you look forward to it larry You bet stan harley and the harley stock market letter folks is easy just go online and use google it and you'll be able to see it He's always in the rankings folks He's one of the guests that we have here along with carry says manskey tim boss Steve roads. We can't forget steve. My goodness. He's in there Right at the top or right near the top all the time. So We're very unfortunate to have some really smart people and speaking of smart people folks We will have tim bossed from the financial cycles weekly on the show tomorrow and Should be very interesting because we have the planet mercury Going direct station tomorrow. So, uh, that's usually pretty good because mercury is the planet of communication and Things are a little better when mercury is in uh, stand, uh It's a standard standard direction Anyway, let's move on to take a couple of look at a few of the other markets that we want to be watching One of the ones that was in the news today was the emerging market and I wanted to bring this up This is the weekly chart that you have here You uh, you'll be able to see here that we have this Uh emerging market etf. There's several others, but this is the one that I happened to look at You can see we completed that a bcd here. We left a little bit of an island here Last week, of course this past week. We really just bounced back into it So that is still a bearish pattern unless we get above 44 whether it does that or not, you know remains to be seen, but we'll keep a Very close eye on it. It was interesting when you were talking to uh to stand, you know He's very shown the gold and I'm relatively bullish as long as we can stay above this This 14 Of 56 70 which was the low we had yesterday going below that low folks Would be very very ominous and the reason for that is, you know, we rallied 20 dollars And that's about the maximum you're going to get that, you know, harmonic number in gold is 17 and 34 20 is pretty much spot on because it was a fast tick up there and there was much trading between 75 and 70 14 75 and 14 76 So it's extremely important that we don't go below the 14 58 level in fact today's low should get should not get any lower than 14 64 I don't know where gold's trading right now, but we need to pay a close attention to it Bob saying that it looks like the the bonds look like a low risk short there at that 159 level You're probably right You don't have to risk more than about eight ticks on that if you take a look at it But remember you've got to use a stop with these things because if you don't and if you don't that's where the problems really Arise because all the you know all your all your frustrations in this business come from unfulfilled expectations. That's right out of tony Robbins's book and that's why if you don't think that that bonds going to stop at 159 And it goes to 150 902 or 03, you know, you've got a problem So just remember protect yourself keep your losses small much like what jim Simmons does Remember he's only right about 50% of the time. He keeps his losses small He lets his profits run just right out of the old textbook So I think it's important that remember some of the things from the master You see that in tom who guards trading also if you haven't got his book from trader tom.com I highly recommend it's going into publication folks. So it's not going to be free for very long He's the publishers have already uh, in fact, he had several of them trying to Publish the big book for him. So it's going to be an interesting book to take a look at but right now It's free just have to go to Trader tom.com and he'll send it out to you Just mentioned that you heard it here at tf and then tiger financial news network the home of some really smart dudes In the tiger den as I mentioned now, this is really worth mentioning folks tonight between 5 and 6 30 eastern time Mr. Basil Chapman is going to be in the house and I really recommend he's guy He makes a great presentation and I think you'll really it's very very enjoyable folks I mean he just covers the whole gamut for an hour and a half and I think it's something that you would certainly You know, certainly I'm going to be there and so I won't be while I'll be listening but my goodness It's really a It's really a good show. You don't want to miss it that that's at five o'clock To six thirty tonight at w w w dot tf and n Any other questions that you folks might have it's eight seven seven nine two seven six six four eight And now we have a question from bob about the corn. I haven't forgotten you bob. I'm going to get it up here Get that christmas corn To take a look at it one second here. That's not corn corn starts with the c There it is there we get this corn up here Uh, here's what we're looking at bob. We got right down to it just the other day and we've had a nice little bounce here Not much of course, but uh I believe that uh, we went below the three seventy two by just a little bit We went to three sixty eight, which really isn't very much We're getting a tiny bit of bump today in corn beans and wheat and I believe all it is bob is a Minor short covering rally because we have not made the major patterns yet in the buns Excuse me the beans the meal the oil or the corn or the wheat those patterns look lower So i'm assuming that because of that because there's patterns to the downside That we haven't quite made that yet. So I would be a little patient. In fact, uh, We'll be right back folks I'm certain you are or strive to be one of the best of the best at everything you do in life It's the most common trait that we tigers and tigers share If you're looking to become the best of the best when it comes to managing your money Let me teach you to do what most wealth managers tell you can't be done Which is how to time the markets I'm steve rhodes author of mastering probability and for the last 12 months Timer digest has been tracking my newsletter signals Which have earned me the ranking as their number one market timer in the nation for the s and p 500 For the last 12 six and three months timer digest also ranks me as the number one market timer for gold as well The fact is markets can be timed and i'll teach you the exact set of tools that i use that has transformed me into one of the best At what i do sign up for mastering probability today by clicking on the newsletter tab on the home page of tfn.com And get immediate access to workshops where i take you step by step How to use an extraordinary set of tools as well as provide great market calls to sign up today If you haven't checked out the newsletters page of tfn.com What are you waiting for all of the tfn newsletters are informative up to date affordable And it must have for every trader looking to gain a competitive informational edge in today's markets tfn newsletters cover every aspect of the markets to offer you the very latest in market news Plus new subscribers get to test drive our newsletters risk free for 30 days From all aspects of the markets including stocks bonds metals commodities and tech There's a newsletter to fit your needs exclusively from tfn Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game Visit our newsletters page by going to tfn.com and click the newsletters button near the top of the page tfn.com educating investors Basil Chapman has just announced a live 90 minute webinar He'll be conducting for subscribers to his daily trading newsletter the opening call Which will be taking place tuesday november 19th from 5 till 6 30 p.m. Eastern time Titled a comprehensive review of the Chapman wave techniques and market outlook ahead for 2020 This is a great time to sign up for a 30 day free trial to the opening call while gaining access to basil's live subscriber event Taking place later this month with some stock picks up 15 to 30 percent this year alone Basil will review many of the Chapman wave techniques that helped in their successful analysis As well as providing the sectors and stocks that he thinks will be of importance heading into 2020 For all the details check out the opening call on the front page of tfn.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 tfn.com We're back folks and I believe we have a question from jeff in new jersey. Are you there jeff? Uh, yes. Hi, mr. Presidento. How are you? What can I do for you my friend? I'm actually very nervous. Uh calling you you're late. I feel like i'm calling you Yeah, I'm a really nice guy nothing to be nervous about you're just not going to be paid for this you realize that right? Well, that's not what your um guy says. We answered the phone, but I'll ask these questions anyway Go ahead. So um, these are about the abcd pattern That um, I just finished your chapter in your book trade what you see And I just had some questions that I wasn't sure about So the first question is um on the bc leg Do you require that to be, uh, greater than or equal to a 382 pullback? Yes, it has to be three It has to be 382 to be valid. Yes Okay, that actually answers, uh, another question I had which I can skip now. Um, the second question is Um, do you require a minimum number of bars for the ab leg? Yeah, it has to be at least two or three Well, sometimes you'll get that jab down because of a report But usually like to see two or three and as many as five or eight is even better because that makes it better But with reports sometimes Jeff, you know, the market will slam down there catch a number like six one eight and seven eight six And go back up. That's why it's important to watch But you know, there's no 100% rule but usually like to see somewhere between Oh three and eight bars in the bc swing Okay, excellent. Thank you. And um Uh, last question is At what point in the abcd pattern do you actually start to Trade it do you try to catch that last leg or do you wait till it's over and no trade the other way Well, the the key to me is that ab leg because if that ab leg is in a slope of around 70 degrees Tom Hoogard has shown me that you want to buy that 382 retracement because that's very very powerful So that's the time that I use the 382 only when there's been a really strong thrust And uh, we saw that In treasury bonds, you know when the top was made, you know He had a snap back and it stopped right at the 382 and then broke these were great questions And if you we have to go now, but if you have some more give us a call tomorrow, jeff I'm talking to you my friend You too. Thank you. Thank you eight seven seven nine two seven six six four eight