 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 Hi everyone Basel Chapman sitting for Larry Pezzavento while he's While his voice is in the repair shop getting serviced Hopefully I'll be back really soon. He's all ready to do everything. It's just that his voice is It's very scratchy and hurting. I believe so we're looking at me to show you something Yeah, here's the one-minute chart and temporary methodology. I use some very simple techniques Is that something I can do right now? I guess it is see if I can get there Oh, there it is. Okay. Yeah, we go. I just wanted to show you how these patterns form That's not the pattern. We want to look at we're looking so in the Chapman methodology I try to identify the lowest low bar once you get you get that It goes to a peak a the first peak and then reverses It's a floating letter until it reverses that becomes an official letter and then Pulls back as long as it doesn't take out the starting point even by one penny It just it's got a hold that if it goes one penny above That peak a starts a leg B until it makes a peak you go for higher peaks You can even go seven higher peaks ABCDFG But it's at D the fourth highest peak when a buy signal is upgraded to a buy mode It implies there should be at least four higher peaks That's number one and number two is it says at peak D other things can happen That's where you can get the sharpest pullback. That's where you can go Continue high if within three bars it pull it makes a new recovery high That's called the Chapman instant restart and we can go e a E slash a F slash B g says see usually if you get to a g says see there'll be a bit of a pullback a cup formation You make your D and that fourth highest peak and then you better be careful All right within that we've got other things that we look at Straight line up straight line down cup formation arch formation Combination of the down and the arch if it fails at a peak a or a B Takes out the left side low can go a lot lower and on the right side You've got the reverse Y if it takes out the left side high you can go a lot higher Alright keep it as simple as possible. I have other things after the the rectangle the narrow and the large rectangle I have all sorts of things. I'll be discussing those. I suppose I should do that I'll be discussing those tomorrow. Oops. Yeah, when I do my opening call subscriber webinar Wednesday, August the 23rd 4 o'clock to 5 30 the power of the 9 14 moving average, that's the exponential moving average plus other indicators in the Chapman wave methodology So I'll be discussing these in great detail how they form and I hope to do it live because at 4 o'clock when we start Very soon after that and really it comes out with its and it should have some S&P Something should happen there and if it does we'll be ready to at least show the trading vehicle So this is the one-minute e-mini chart first of all It came back Now we should I well for this went to a peak F six highest peak in the Chapman wave methodology Early this morning. It made this arch formation I drew in a left side right side price time-match says bar symmetry But in this case not from a highs from a particular candle that I'll be teaching tomorrow And we went one bar early. It took out that left side the cluster base forming right here the 44 24 area and then it went down to where it went down to the 200-period moving average I keep these things and this is all anathema to Larry because he has just Some basic things that he does over and over and over again. You know the extension. He does a Fibonacci This is When you're looking at patterns all I'm saying is that whatever works and works over and over for you That's what you've got to keep using and you practice it's like tennis. I mean, yes, and I was playing tennis There was a particular stroke as I had my racket restrung and the original strings that I just loved was so springy These are a little harder I had a power through the move and took me a little while and finally I got the stroke But wow, it was tough to get into that So it's the same thing here You got to practice these things and soon as you get really comfortable with it You'll find that it's it's just not a mystery anymore It might be a mystery when it goes a different way to what you're expecting, but in your In the parameters that you set You always have to be ready for what's the alternative? What if such-and-such happens instead of what I'm anticipating? So look at this particular low right here at about 12 17 Eastern times often There was a low made and as a start to move higher when the nine-period moving average crossed again when it crossed pink right there All that period it was negative every rally failed now it turns green and Every rally every pullback has been met with buying and what does it do? I've made this the fulcrum the plumb line the left side right side price time match the bar Symmetry and it did it to the first one Right there one a bar early it took out that left side higher from that that high there And then what happens is I added this one. I didn't put in the chap I normally I would put in that I didn't have time to put in the chapwave inside wedge Target resistance line, but it would have been right there and I would have just made it to the end of where this Horizontal rectangle line Comes out and that would have been right here and I typed into the den that the 10 minute Had to Where was that? It was right there the 10 minute Had to try for the 200 period moving average again right there So what happened this stalled and a stalled where it stalled underneath the previous high So that means there's weakness now because if the D should go way above that previous high it didn't So it makes an arch formation. So I drew in the left side right side price time match I use bar symmetry I used a particular candle because it was the most obvious thing that I could see right there And what did we get we get? That's where the X would have been where that would have been the target right there It got there a little early and just missed the exact price, but it was really close. It's still acting very weak So those are techniques that I'll be discussing very they they're not you put these on your chart And you don't have to do anything you just have to follow the chart now I know this is Larry show trade what you see. I know Larry likes to he does all these homework And then he puts in the price because he's got measurements He's got a particular price level that he's looking to enter or exit He's looking at those retracement levels he's looking at Certain things and he can put in the buy and I believe from what he says He likes to check him out when they get there a little bell goes off and he has a look at that and then What happens is you'll do the trade so everything set up in mine. It's a little different He means that if you're busy like I like I don't have time to trade all the time But when I have a chance I'm right here. I can use the one-minute chart. It doesn't look at this chart How on earth would you even know that this is a one-minute chart? You wouldn't it has the same characteristics as everything's the same. It's a fractal of a bigger time frame It's right there. So I'd rather get everything done in a shorter period of time. I'll be back That was out 186 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 it 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 ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter market insights your key to successful active trading Tom O'Brien Renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom Publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time Analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out market insights provides the edge you need to Navigate the markets with confidence ready to join the ranks of successful traders head over to TFNN.com and subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results market insights comes with a 30-day money-back guarantee for all new Subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to TFNN.com Right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand TFNN educating investors TFNN has just launched their new trading room the Tiger's Zen 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 And now they are expanding their reach with the Tiger's Den available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders in the Tiger's Den You can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV Programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigris's as they share trading ideas news analysis and discuss the market action all Trading day even at night and on the weekends the Tiger's Den at Discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of TFNN.com Toll free at 1-877-927-6648 Internationally at 727-873-7618 Fabulous most on over to their manager figures. So what we've got 362.82 up 4.22 on MDB. This is mango DB Inc. And we're looking at this dojo now This is something one of the things in the chapter methodology that I discussed periodically is that You can make changes to the notation because your objective is to be correct. It's not like you say Oh, I'm cheating. I'm cheating. I'm doing no, you're just the last trough or lost peak the letter The more accurate your letter the greater the chances are you're going to be able to use it Well, so I put it down arrow when we discussed this a couple of weeks ago And I put it down arrow just off this peak F Right here, but you see that the nine-period moving average did not close close negatively So that was wrong. But what happened is off the peak F Look what happened it went ka plop and that pink nine-period moving average just took it way down So this should have been a pink or red plus sign above that to say, you know I don't have the cell signal just yet because it hasn't crossed negative and Let me just say this is for for people that perhaps are not used to my work But I always listen to Larry and of course Ladies absolutely fantastic work. So to be in this situation right now There's this there's there's pressure to produce. Let me show you so we got that You remember I put the X in there and it went all the way to a peak D That's your objective at least a P for higher peaks to peak D in a bicycle to buy mode Confirmed by the stochastic being over 80% still nine-period moving average strong Then it went weak now so attempting to turn up that I'd notate on the way down So this is trough a you can't get a trough until you have the right side bar Low higher than the left side. So that becomes a trough right there trough a trough B Truffles trough C and this is your trough D On the downside it's not as important as the upside upside is absolutely imperative to be notating on the downside I do it for other reasons. It tells you the degree of the the The selling pressure sometimes the best is when you just go straight down huge You make it a trough a and you have a little bit of a bouncer and you go to be and it's only like not even a 30 It's like a little bit lower and then you can start You've got all the selling out of the way you can go to the upside so it works a little differently So let me get back to our our peak F right here because we're talking about The the high that was made right the long leg of doji candle right there Look how the MACD was already weak because the stochastic was under 80% on balance volume Did a double top and then pull back and it gave a double top right at the exact high look at that the exact high and This time when it did the retest over there It was starting to decline a little bit and then it fell down and went negative now So I want you to just show for our Dan Dan. I wanted about MDB So this one is trying for a balance and I think that this balance is going to stall It's a 363 369 in that area if it can get that high will be the 14 period moving average resistance It could even try for the left side high of the 15th of August at 371 58 But if you're looking at that weekly chart I think this coming Friday with this doji candle on the 14 period moving average after a peak F with a silent doji candle immediately after that Another technique that I developed years ago. I'm just saying to you That nine is the way above the 14 and that's a good sign. So there's some internal strength I think that's what you're looking at here, but most importantly I be looking at the chance that if there was a close on a weekly basis below last week's low of 342 point. Oh, and it's called a 342 It's called a 340 a close below 340 is needed for this to really start to dive to the downside That's that's the first thing that I'm looking at and it just strikes me as obvious in the weekly In the weekly chart now look at this huge gap Part of this gap is trying to be filled here But it's taken so much time that this talks to inner strength in this particular stock So what I would say is There's no way That I can look at this gap I'm I'm not in the camp that says all gaps get filled. I just I mean I could show you thousands of not millions thousands of charts that never fall the gap from the 2009 low, okay, so that Eventually it will I'm sure those gaps will be full, but it takes a long time Just look at the most important gaps near you look This is the gap on the upside a little bit of a gap here at the high of 388 50 on the fourth On the 8th of August and the day before was the seventh and the lowest 387.71 a little bit of a gap there So I go one step at a time in the big picture This gap at some point a chunk of it will be filled all the way down to 304 But we were at 363 that's a 20% decline before you get there So you have to look at it. So here's your first support level. I go to the left side Peak of Importance that's that peak E right there and then I join all of these and I just extend it out And in fact, I'll put this in unless just have a little bit of fun. We won't be a we won't know for months or weeks or Maybe days space to the right. Let's just add make it 23 just for fun. There we go And I will continue this down and I'll say we'll join it right here So it will be this area right here going to that area right there that doji candle high at peak F and The six highest peak is where you really have to be careful if the technicals are starting to fail. Why? Now that needs to be even further. So then I use it. I'll be talking about this in my webinar on tomorrow night Which more often I take a particular Curve-shaped pattern and I go to the low of that pattern and I say, okay if that is the Is if that is a trough of importance? I want to see if I can join up with a chapwave inside wedge target Support line now. Let me go here and I'll do this and I'll keep this here It'll disappear for a while because there are exact. So I'll put the X in here and we'll see Maybe I'm completely wrong. Why because if this rally sharpie to over 400 At the end of August, I don't see how it's going to get there unless it's just a major major cell Okay, there it is. So that's my target my target on this is based on my methodology It's this is the one of the ways I look at it if it starts to ready sharp I have to look at it a cup formation. So hey, wait a minute. We're not going down there It's held the chapwave inside wedge target support line Very well and bouncing off it. So this is going to take a lot more time So I have to change that but in the meantime, that's what I've got and it just says that by the 14th of September Um mango DB who should be 20 percent down something I'll have to happen this terrible We'll be trading in the three 10 to 300 area. Okay, so I just put it there That's all now. We need to get back to our story here because there's a ton to look at and Vassal Chapel city for Larry was a mentor. Let's look as we're going out. Let's just look at wheat That's wheat look at that beautiful left side right at price time match In the daily chart because that art formation in the weekly. I'll be back. That was down 173 the gold report as A precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds the South African Rand as well as 25 different mining equities with specific buy-sell recommendations The gold report New subscribers get a 30-day money back guarantee. So you have nothing to risk Subscribe to Tom O'Brien's gold report newsletter now at TFNN dot com 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 dot 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 dot com educating investors 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 dot 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 Don't forget you can listen to TFNN live on your mobile device 24 hours per day Go to TFNN.com then hit watch Tiger TV. That's TFNN.com then hit watch Tiger TV Hi folks, let me just do this. I'll do this live since I know Larry likes to do things live as well So yeah, we go left side right side price time-match that's called boss symmetry in my world and at boss symmetry says Right here that oh, it's a little long. Why did I make it so long? I should have I was doing quickly I guess Should be Okay This is there are so we've got a bowl formation a bowl formation says it's taking a long time to To get traction There's wheels slipping going on this is what we would call you know in the ice or in sand just wheels slipping They're just going on with the the price is not foaming through So this is what we look at in the rectangle formation But if you look at it close you see it's like an inverted head and shoulders and the nine cross positive That says with the mag D. This is the moving average conversion divergence running the stochastic coming off The under 20 percent level to 80 percent. It's actually 78 now. It says that there's some Strength based on the stochastic But it is a struggle look how much time I like quick leg a peek a leg be two bars later I've got this rule of one three six. I Love when you get a new recovery high With one bar S. It's just fabulous. That's a real power. It was two to three That's good when it goes to six you almost have to restart the energy to the upside it takes it takes a lot of Talk to be able to give it over to the momentum I call the stochastic the torque indicator and the mag D is the momentum indicator because you want to hand it over Like you did here. Look you hand it. Look at this on balance volume It gives the exact people will say you can't get the exact low you can't get the exact nobody gets that We like to get the middle of 60 or 80 percent and I say no no no That's not the thinking the thinking is just use whatever tools you've got and you'll find that some of the tools Give you exactly what you want. Look right here. This is This is the well first of all, I mean I had this this is the week Look at this beautiful double top at the 200 period moving average and then it comes plunging down Look at this beautiful symmetry the bar from that low to right here to there It got it in a little earlier time. It wouldn't be surprised if it retest. This is wheat trading at 597 in the continuous contract, I wouldn't be surprised at this 547 level gets tested the next couple of days So the patterns repeat over and over and over and all you have to do is put the moving average or whatever it is Just then it sits there. You don't have to do anything about it. It just does it by itself. Now, let me show you so in the dow Using this particular tool right here to give me a hint just based on my knowledge of this instrument Is the 9 and 14 exponential moving averages? It took forever For that to turn down when it was here I said are we looking at a left side internal high and a right side residual high We've seen it so many times and then the price fails Before back in May it took us to a 9 period moving average negative 9 period moving average It didn't do that. I thought it was going to do that right here in July and said it turned it stayed green That's the power of the moving average and it went all the way until it closed a few days ago a negative So with that said What indicators what I used to get the exact high? So I had to use something else and basically what I did is that there were a couple of things because I used 120-minute chart shorter time frames and all but look at the ictus look at the way This leg F It wasn't a peak until the next day you can't call something a peak until it actually has a lower high bar Look at the way There was a little doji candle saying how it started to stall then a green candle just barely touching the previous days high and then a spike to the upside not very big but enough and Look what happened. Look at the look the mag D Turn down the next day So it's not it's Mac D is usually not a turning indicator, but Stochastic had already started turning down from over 80 percent was actually in the 90 percent area But the one thing that actually did the turning on the day right here was this This nine-peered moving average right there thing So we were very fortunate to short right there because it gives us cushion now That's the main thing that I look for is I want some kind of a cushion to say hey I Got the that's why we weren't stopped out and then big movie about 500 point something Before you even know it. It's a rogue wave to the upside. However, look at this Now that look at the distance between the 14 period moving average the black 14 period and the pink 9 period It's expanding because the Mac D how it's expanding and very negative look at the unbalanced volume starting to come down Not seriously, but it is coming down Stochastic is instead of being up in 95 percent area It's at 10 percent and that's just telling you that the internal strength has waned And that we've got a beautiful bar symmetry from that gap all the way to that peak effort 35,000 676 79 on the 1st of August and we came down a one bar Oh, it was one ball early now. It's exactly right there Isn't that nicer? And there's your chapter we've inside wedge Target support line testing it testing it testing it as I said Friday We're gonna be watching this closely because we might get for the first time in ages a weekly cell signal so What I want you to say is Using these particular techniques is a big help at least the way I look at it It just gives you a sense it gives you a kind of a GPS to say whoops Yeah, yep keep going. Okay. Be careful slow down. Yeah, and it's just guidelines. That's all it is So with that said I wanted to show you something else the SMH is This is a semiconductor index and the semiconductors as far as I'm concerned These the market up and these the market down in the main through Years and years and years of of of this gyration to higher highs and higher lows or lower highs and lower lows You can follow the semis because they give you really good clues and on the 31st of July and 161 point 17 Look at this monthly chart with this beautiful cup. Oh, I had that in And I sometimes I lose the data. I have to reduce some things. So yes, you look Yes, you're low bar. So let's just do this There's your pqf and you just failed to make new highs in those months. They're going into November to 7th January. I believe it was let me just double check that. Yeah, November was 5941 5896 isn't that amazing two bar Chapman reversal and then three bar Chapman reversal 159 35 By seven cents it failed to make a new high Amazing so now look what I do. I do this Yes, my plum line a nice long-legged doji candle And I just pull it straight up and then I'll show you something interesting Look at this The number of bars on the left To the number of bars on the right, this is bar symmetry. How does the price know to go from? I'll drag it down. I'll show you something really interesting Like they've green and look at this It was two bars early. Look at that confirmation going from 159 to 83 and then back to a hundred sixty one seventeen Two years later. That's amazing. How does the card know to do that? I'll be back You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by Basil Chapman Creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in Identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman and your inbox every day First time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter market insights your key to successful active trading Tom O'Brien Renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom Publishes his daily market insights newsletter every market day before the market open along with update when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out Market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30-day money back guarantee for all new subscribers So you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand 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 three times bull and bear ETFs visit direction investments dot-com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before Investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 866-476-7523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Concluding 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 This program is brought to you by Vista Gold traded on NYSE American and TSX under the symbol VGZ Hi folks, we're back Basil Chapman sitting for Larry as his voice is healing Let's hope it heals really quickly. We need him back here So a couple of things I want to look at in the in the webinar that I'm going to do tomorrow Maybe I can just do this here. It'll it'll save some time. Yeah, let me just do that. I'll scroll up Yeah, so what we'll be looking at the power of the 914 EMAs Moving exponential moving averages the other end I've just found over the years that exponential is the way I prefer it I mean everybody can use their own kind of moving out. I love exponential I've done enough work with it to say that suits my style beautifully As this Wednesday, August the 23rd 2023 4 o'clock to 5 30 p.m. For subscribers, but you know, this is really a good great opportunity I've got eight nine ten eleven webinars all archived there on different techniques This one's gonna be you're really well-defined. I'm gonna discuss the 914 exponential moving averages How to assess the sustaining power how to prepare for market turns then how to use the unbalanced volume This is Joe Granville's on bass. Nothing fancier. This is just 1950 something other Joe invented this and then eventually became a Closing price tool that's on software rather than adding up 783 million four hundred thirty six plus Every day you'd have to do that was subtract So that's great. Look how I gave this perfect Self-sign. Let me just explain something to you. Look, so We're always looking for the turn with the premise that that nine is going to be a clue to how we come back The way it was extending said to me, it's going to take time be prepared to take It's gonna be a slow roll of us for every show I said slow roll over hasn't happened yet But it's getting closer and closer But right on the August the 5th the day before I said, you know what everything says to me We've got a cell signal coming this on balance volume is way overbought That's the only thing I use is overbought and oversold into Canada's and we managed to go short right there It's the same thing that we did when we're looking at the SMH as we've got that peak E Right there with the doji can a clue when you finally run out of energy and you've got these huge price moves And suddenly make this tiny little candle at a hundred sixty one point seventeen at an all-time high instead of exploding into that That high on the 31st of July the next asset Oh, we're gonna be going short and we weren't sure we still short. We've had some fabulous gains on the SOXS We got stocked out of one position that an added on position the other day We took real nice gains even that could a nice gain and now we'll be looking probably we'll see what happens tomorrow with Nvidia On my show tomorrow at 10. I'll talk about that in greater detail. So these are the clues and look at this right there On the 31st of July Unbalanced volume gave you the turn. So people say, yeah, there's no indicator. You know, I get where is it? I get look at this stocks and commodities magazine. I get this All the time air for decades. I've been getting it and I read the article. I've never seen anybody grade Peaks and troughs ever And it's because it I mean it's not easy to do because there are times we need alternate counts But um, they've got these complicated things. I mean, here you go Extend your nose cable with R. That's a new thing R New momentum indicators and yet look at this You can take all the courses in the world You can do whatever you want to get the exact day of the high and we did that June June I was sorry March the 6th Of 2009 we did it in October of 2020 We still have the long position in the down and the long position from last October So this has been a tremendous help. So I'll be discussing that and I thought I thought Yeah, let me just do this. Yeah And all I'm saying is that at this particular point, it's working Tomorrow could not work But when it works, you got to use it and use it until it stops working. That's all you you're not the indicator You're just using an indicator. So okay with that said It's one of the things that we're doing and we've had some really nice positions that have worked out very well We had a position in energy Which has done very nice about 12% gain or so in a very short period of time single digit I like for my subscribers. I like to have all over the show We can have a $300 stock or we can have a $3 stock $3 stock just went to $4 and something. So yeah, it can do that. Yep, we've got one that we tried We had a great gain in for a small position trying to go. We got it the other yesterday and it or day before and it actually went back to the price that we got it and Today's pulling back. It's still holding the stop I like just for the the chart pattern says if it doesn't hold now, you don't want it at all So we'll we'll see what happens. So when and how to use the 200 period exponential moving average Boss symmetry, I've been explaining that all day here using these core tools to analyze the sectors And then I just go on with the different things And we'll do it live in other words I'm going to be doing it when the futures are open so that we can use that together with whatever else I've got On tap that's on the file that needs to be discussed. So now let me just do this as we I was going to Talk about my in 2005 2002. I'm sorry. I wrote a song called buy at the low and sell at the high Every time this morning actually I don't know if you can call it singing, but I I I croaked through it And but basically it says at the market goes up the market goes down Suppose to buy at the low and sell at the high But you know what we tend to do we buy at the high and we sell at the low So the travel wave is what you need. You buy with the stoke on the old mank deed I also include the nine period moving average now Uh, follow the price and wait for a peak higher highs is what we seek the wave goes to a A and then to b Even the anticipated c and d because a buy signal that's upgraded to a buy mode should go to at least four higher peaks That's when the flashes are cautioning light, but all you got to do is make your stops real tight Suddenly it goes to e and f a bow ring so loud. It can make you deaf. That was the uh on balance volume so Um And then I I always say it's not like making deaf. So what you're gonna do which way to go It's out at the high and you buy at the low All right, so that's just the way it is and we haven't bought yet. Well, we did for quick trades. We've had two very quick aggressive long positions in a small position just as a trade uh, we got stopped out for One point something percent loss and today a foot of for a 40 percent I think 50 cent 40 a 40 cent loss on a 60 dollar stock So that if it worked, it would have been great if it didn't work We're out and it also told me today that if we couldn't get this rally, you're gonna have to wait for another rally Because now look at this red candle. Look at the s and p Oh, wait. Oh, did I just Did I just eliminate something? Oh my So let me go back. Oh, thank goodness There's a back button. I just hit the wrong chart and I just that would have been upsetting Okay, so I need here. Look at this the s and p Look at that red candle. Oh, oh the reason why it's going like that is I'm going to go back to Changing space to the right. I only like it to have about six or eight. Let's go to six there There so look there's your price And we've gone down we haven't tested the left side low and this is just saying that rallies should fail And the only way that it will change to be really positive If they're the stochastic at 40 percent can sergeant trade at 28 or 33 percent with a price going to 44 50 in the s I'll be back in a moment for the final segment This is trade which you see Larry show Why these voices should not If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try tom. 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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 Last segment this is a larry presidential show basil chap and sitting in my shows the tiger traditions are at 10 a.m Eastern time each day and my service is the opening call daily newsletter and It's a pleasure to be able to sit in for larry who's hopefully his voice is recovering I drew this in earlier. I did not know where it was going But I said let's make that the price That particular candle for a move to the right side in this rectangle formation that might be forming a cup formation And let's see if it goes to D and it went exactly to D right there This is the little dot shows you that Oops the dot there the dot shows you that's where it was It was right on time and then it's pulled back and now it's making the arch formation You just go from arch to cup to arch to cup or v to inverted v Straight line and that's the mix all the time then you make a rectangle formation So with that said, just had a quick question about the gdx You know the silver's acting way better than I've been saying that for quite some time Silver's just already on a test silver slv Look at this nice green at the high of the day at 21.48 of 12 cents I prefer this one to the gdx But you asked me about the gdx and the gdx at this particular point Is trying to establish some kind of a base It is really beholden to the dollar and the dollar is holding quite nicely It's made of just a nominal leg jeet slash c It can't get away from the 200 beer moving average, but it's holding So you've got to follow that very closely over the next couple of days So yes, if you end the gdx, I would just make it a real tight stop You're going to have plenty of time to get into it if it's successful So I wouldn't be in a rush to get to it, but I say that the silver's actually acting better So with that said, I'm just going to say I'm going to wrap it up here I'm not sure Larry will be back tomorrow. I think he needs time So we'll see what happens with Larry But so as I say, my webinar is tomorrow and I'll be discussing these very things that you saw live right now I like to do it live because You're either right or you're wrong And you can see how it works and that's just the best way to do it. So with that said, I'm going to say Thank you for being here I'll be back a little late with Tom and I will be doing my webinar tomorrow at 4 o'clock for subscribers I think it's worth looking at you get your money back if you don't like it. Hey, what kind of a bargain's that? A great bargain See you soon. Thank you