 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're gonna do something different on the show today because I've had several requests to walk through the crude oil trade. I posted the long-term picture that we were looking at up here. Nothing more than ABCD with absolute perfect symmetry from AB equals CD in both time and price. That's what W.D. Gann called the squaring of price and time and that's all based on just simple geometry. Now, as we were remembering, we were coming in here with a possible war with Iraq, or that was the old days. This one was the invasion of Russia into the Ukraine and I've been to Ukraine, just an absolute lovely country. I was there five years ago with Tom Hougard for a three-day seminar and it was really great. The only thing is, as you were going into the city, you could see these tanks and war materials that were still there. It was really quite scary. But anyway, let's get back to that chart. Now, we know that the news follows the trend. That's what our assumption is. I believe in the patterns. I try to stay away from the news as best I can. It's not the easiest thing in the world to do but that's the way it goes. So what I was looking there is that we were making a potential top up around 93 and you notice the day that the top should have come in on the second or third. It actually came in on the fourth off my day. Now it broke a little, it broke some. So when I sent out the video to place the trade, I said, look, wait for the market to break and then sell that first February tracement at six, one, eight or three, eight, two, whatever you want to do, just sell that first February tracement, put your stop above the high and if you're right, you know exactly where you are. Well, that happened on Monday. Actually, I think it happened on Sunday night. I'm not even sure, but we were preparing for that and we'll walk through you what happened during that time. If you notice here, this is what happened. Let me get it up here so we can take a look at it and then we've got to tell you where we are right now. That's what I'm trying to get to because we had a nice call from Sherry from Texas and I think she's still in Texas and anyway, she was asking me to go through this. But if you look at the high that we made there at 93, that's on the left side, we're over the left. You see the market came back, the fill was on Sunday. You see it went up to the 61% retracement, stopped right, rightward and then it started to go down and down and down. And what we did on Tuesday, yesterday, we lowered our stop down to 91.20. And the reason why is at that point, we're locking in about $1,000 profit because we don't know where it's going to go from here or not. That's the one thing we absolutely, 100% without doubt. You never know what's going to happen next. I mean, you really don't. And the fact is today, folks, people who ask me, am I surprised about the strength of the stock market? Absolutely. And the reason why is I missed a major bottom down there yesterday. I could see the 78% retracements in the S&P and the NASDAQ, but I missed it. So that's the good part is that we weren't looking for a short until we reach a different time and we're not even close to that now because it looks like we might even make the old high here at 48.05 in the S&P, heck, we might make it by the time the show is over. But let's go on to the crude oil to see what's happened. Okay, now here's what's happened here. Well, this is up to date. I just did this a little while ago just to see where we were. Hold on just a second. Because I sent a new video out, hold on, what's going on here? Sorry, folks, give me a second here. Okay, here is a 60 minute chart on the crude oil. Now going back to the top, you can see those three key times, those are those ratios that we were looking at. Folks, that's the 135 pattern. 135, we're gonna cover that on the next day trading thing that we do sometime in March. But that's a really beautiful 135 pattern, lower tops just absolutely, the absolute upside down version of a three drive to a top pattern. And I, you remember what I did, I had to stop at 91 right here. I got to stop here at 91.20. Well, what I did now is I lowered the stop down to 90, 90.82. Now at 98.2, you locked in a $2,500 profit out of a $4,000 move. I can't get it any better than that. Now we went above the 38.2 this morning, as you can see. The last time I checked, it was trading below it. So as far as I can tell, I got that stop placed absolutely perfectly. Maybe not, but that's the way I do it because I don't wanna risk any more of that. I'd like for it a crude oil to drop $10 a barrel, 10 days in a row, but that's not gonna happen. So I have to protect myself and the 24 seven people with where to place the stop. And Shelly asked me, how do you determine? So all I determined is you see the little ABCD that was there. Okay, I can see that clearly. That comes in at around 90, 37, okay? The 50% retracement comes in at 90, 79. And I did this before this happened because what I did was I put that stop above that 50% level, assuming that the bottom that we made yesterday was gonna be a significant bottom. And we made a lower low today, folks, by about 10 ticks and rally $2,000. And you know, when you're short you say, what in the world is going on? But we're seeing this in everything, folks. We're seeing volatility that we haven't seen in a long time and it's gonna get better and better and better and better. That's the main thing. Okay, so I hope that answers all of Shelly's questions because they were all spot on pertinent. It's all about the amount of money that you risk, not about how much money you make. And so what you wanna be doing is focusing on that. And when I do that, I'll show you in just a minute what I was doing with that and you'll see something that I did. I just a minute ago because that's what I try to do is I've been looking at these charts for so long, I have a good grasp at what they're doing on a short term basis for sure. The long term basis and that's so much sometimes. But that's it. I did miss that low in the bottom in the, we talked about a little bit but I didn't think it was gonna be much of a bottom but they gave me, I mean, I wasn't involved too much but I didn't get a buy-in. That was the thing that bothered me because people asked me, why didn't you buy it? I said, well, I'm looking for a sale and my sale was gonna be at, today was gonna be at 45, 35 but it went through there last night so quickly. I said, well, that's not gonna work. So I said, we're just gonna have to wait a little bit longer. I've been watching several markets along the way which we will cover and we wanna cover some of these things with the European markets because they're very exciting. They got some chart patterns that are just, they're really, really highlighted by Alan Smith over there in the UK and he does a great job over there and he will, I'll show you his charts when we come up here. If anybody has any questions, eight, seven, seven, nine, let me write this down. Eight, seven, seven, nine, two, seven, six, six, four, eight. Don't you just love live video? Holy moly guacamole. When we get back, we're going to cover the gold market. We wanna see what we did right and what we did wrong because if you learn from your mistakes, you won't make that same mistake again and that's what you try to do. So let's remember that. Okay, by the way, we'll cover the bonds just a little bit. I will cover the bonds also because they need to be addressed to here this morning. We'll be right back after we pay a few bills. Eight, seven, seven, nine, two, seven, six, six, four, eight. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. And get the opening call newsletter by Basil Chapman and your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. tfnn.com, educating investors. What's separating you from the most successful men and women on Wall Street? That's right, information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market profile-based scanner. Powered by its acclaimed TAS proprietary algorithms, this feature-rich scanner instantly filters over 2,500-plus global financial markets, such as stocks, ETFs, commodities, futures, and forex. This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen. For a limited time, you can save $100 off your first month by using the promo code UPGRADE, and you still get a 30-day money-back guarantee so you have nothing to risk. Level the playing field with the TAS Profile Scanner, which you can find under the services tab at tfnn.com. Sign up today. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority in technical market analysis, and it's not just dry, tedious text, either. TFNN airs live financial content streamed live on tfnn.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Call now. Toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, folks, we're gonna go over another one right now. We got two more emails about the gold trade. First of all, let's remember where we were back on January the 26th. You can see the beautiful ABCD pattern from the 7th of January into the 26th. That is absolutely spot on 1854 and it hit it right on the money. We sold it at 1854. What I did was the market broke $11 from that level. So I moved my stop a little too close and believe it or not, folks, I missed the whole thing all the way down. It never gave you another chance. Between the 26th and the 27th, you know, gold dropped $70 an ounce and son of a gun. I mean, that doesn't give you a warm Christian feeling. I didn't have any chance. There was no other chance to make any money in the gold now. We were long on that way up. So I'm not feeling too bad about that, but to have that set so perfectly and moving around. And, you know, people think that, you know, when you do these shows and do the newsletter, write a few books that you're perfect and boy, I hope you realize that God's the only perfect person and she doesn't talk about it too much. But the main thing is, is you gotta recognize what the mistake is. And I said it several times in corresponding videos that, yeah, I did make that mistake, you know, try not to do it again. But, you know, usually when a market breaks like that, it gives you a three, eight, two rally to do it. And we didn't get a three, eight, two rally until two days, three days later, up at the 1810 level. And we did sell that and we did make that money to the downside. But, you know, that was $22 to the downside and we left, you know, a lot of money on the downside on the other one. And then we shorted it. Here was the question, why did we short there? We shorted it at the 1810 level. That was at the 50% level. We had two ABCD patterns in there. And so I sold it there and we put our stop above that high at the 618 for a $7 risk and that was taken out. I couldn't have done anything any differently. The difference is, is that once we entered that trade, the most profit potential that it gave us was only $3 and we would assume it was going to go down more than that. And of course, the market said, ah, you know how to spell assume. You make ass out of you, ass out of me. So that's what my grandfather used to tell me all the time. Anyway, that's what the problem is, is that you've got to determine what that risk factor is because you don't know for sure what's going to happen with any of these markets. I mean, it's really amazing the volatility. We're seeing volatility in hogs and cattle for God's sake. Those are usually the most boring markets of all time but we're seeing that also. So one thing we've got to remember is it's not about the money you make, it's about the money that you keep. And that's the key thing. All right, let's get back to the market for just a little bit here. Early this morning, once these markets, folks, when they go beyond my key numbers, the day it was 45, 35 and yes, that did that last night. It went up to 45, 57. I'll post that up here because that was my place of last resort, let's get this up here so you can take a look at it. I set this out and with the saying, be careful. You see the number, the two big ABCDs they measure up to 45, 58. We got as high as 45, 70. But once we went above that key level, 45, 35, which was the high of the fourth, that told me that that ABCD was most probably going to get up there to 45, 57 and we did. And we went through there like it didn't exist. Now it's shooting for the 45, 85 and that's the one was the 61% retracement on the daily chart that was from the high that we made way back at 48, 4805. So that's what I'm doing when it gets real volatile like that. What I do, hold on here, hold on one second here. Bob, I would really be careful selling it at 45, 86 today. You know, you don't have to, Bob, disregard what I just said. Bob, just make sure you put a stop in. That's the main thing doing it. Here's what I was looking at. I went down to a four minute chart with the E-mini. Hold on just a second here. Let's just get this up here. What this is the E-mini Dow Jones. And basically what I was looking for was an ABCD pattern over this two and a half, three hour, two and a half hour period. And that came in at 3682, 35682. That was the place where the 1.618 came in. And so I would say, okay, if I sell it there, I don't have to risk very much. And so far that has been the high I believe or very, yes, that is the high. So here's what I was watching at the same time. I was looking at the AI program and that was also telling me, wow, that maybe it means something because we had a three drive pattern and that's all I have. See, if I've got a pattern, whether it's a five minute, the 10 minute or four minute or a daily, and I see that pattern, I can tell within a really, really small amount of whether it's gonna be right or not. And that's what this thing is all about about these patterns is about how much you have to risk. Because if it goes beyond those numbers by very much, something is wrong and you gotta get out of the way. And that's the whole key to trying to remember to do that. I know it's not as simple as it sounds, but that's as simple as it is. Like Mark Douglas used to sell, trading is simple, but it's not easy. And that is absolutely correct. I was watching the Olympics last night with Sarah and we were watching these guys with the skis going up in the air and doing that flip flop stuff and oh my gosh, it was really spectacular. I don't talk about it very much, folks, but you can go in and Google it. The old cowboy here, right here, old Larry Pesavento was in the 1960, Mexico Olympics, folks, representing the United States of America. Go in and Google it yourself. I got a plastic fork. I was in the knife and fork Olympics and I finished a strong 11th. I didn't do well in the Caviar division, but you gotta respect these athletes, folks. I know they get a lot of money from, they're not paid, but they get a lot of money for their promotions. They go first class, so they're living their dream, which is good. But boy, I'll tell you the one thing, I just really hate to see them fail. When these figure skaters fall under kabuki's on the ice, oh, I hate to be a parent watching that. I mean, that's just it. I've had some students that were Olympic medalists, Tuber gold medalists, well, actually three gold medalists. And then I had Lori Goff. She was a bronze medalist in speed skating. And I have a good story about Lori Goff. I don't have enough time. Lori, I taught Lori how to trade forex. She was running a lumber yard and trading forex on the side. It was making more money than she was at the lumber yard. And so she went home to trade and she was doing really good. One day she called up, she said, Larry, I'm gonna have to quit. And I said, why is that? She says, well, my husband, he was a carpenter and he would walk in and he'd say, don't try to lose all our money today, dear. Every single day he would do that. And I said, Lori, read him the riot act. Say, it's my way to the highway. You gotta give me a little boost of confidence or this is not going to work. And he was just really worried that if she made enough money that he was going to leave her. Well, that didn't happen. So anyway, it all worked out in the end, but that's one of the stories that I've remembered doing this for so very many years. We got a little break coming up here. The guests that we had scheduled today was unable to make it. Tomorrow we have none other than he calls it to the minute, Winsky will be on. He's got some great stuff tomorrow, folks. So let's don't miss tomorrow. We'll be right back. You having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an apex predator in the trading markets and join the Tiger's Den Trading Room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. 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You can see we made a double top up there with the ABCD. And then you'll notice here that these come from Alan Smith over in the UK. You'll notice here that it's now making the 135 pattern. That's in the purple thing. You know, you're basically looking at that. And that there, here's a perfect example. Now you've got three lower highs and you have symmetry from the high to the low. And that makes it, hold on, maybe we have somebody calling in today and we have Mr. Z on the line. John, how are you today? I'm doing very well. Very interested yesterday to hear Jeff Huge, your guest. Yes. Give the bull case for the S&P 500. That was very helpful. And very interesting. So thanks for having him on and pass along our thanks to him, please. I have it. He is a fine fellow to be owned. He's a good friend of Rich Anderson. We need to thank Rich for bringing him to our attention. But what can I do for you today, my friend? Well, I wanted to thank you for going over the particulars on your gold trading 10 minutes ago. I've got a question on gold, but short term trading. First, by way of background, in August of 2020, gosh, that's 18 months ago now, up there at 2070, gold has been in, and I do compliment and hand it to you in trading both sides fairly aggressively. And during this trading range market, going on now for months and months and months, that's been a very successful to implement trading-wise. My question is this. When gold starts to either up or down, I'm guessing it's up, but there when it starts to trend. And my question is, do what you're looking for, just don't conceptually speaking. I will try to do that. And what I'll do is, I think the easiest way for me to do this was to do it in a market that we've been extremely bearish on for quite some time. And that is the treasury bonds and treasury notes. And I wanna bring this up to your attention here. This happens to be the treasury note. It could be anything, folks. It could be anything at all, but what you wanna be watching here, those of you that follow the 24-7, you know that I post these on shorter timeframe so that we can see what's going on. But this is the treasury notes. If you remember when up in 2020 here, they were telling us the negative interest rates are on the way, and all the countries had negative interest rates. And for heaven's sake, folks, I'm not a rocket scientist, by any stretch of the imagination. But I can tell you, I was born in Tarot, Indiana, but I was born at night, but it was early in the night. Let me tell you, I'm not gonna fall for any of this stuff. This thing started to break down. So after the 382 rally, Mr. Z is asking, how do you get on these things? I remember this is a weekly chart, but you'll notice here as it starts to go down, it breaks really rapidly, then it goes to a period of choppiness and stuff. The only way you can do that, folks, is to go down to a 30-minute chart, and I will see if I happen to have one that would give an example of that. Crude oil would have been the best example, and I think I'll just put it up here because that would be the best one right here, because this is it, this is crude. And it's been trending strongly. There's no question about it. We went from, we dropped $5 a barrel, folks, just about $5,000. We happen to still be, hold on just a second here, I'll get this up with a little bit of luck. There we go. Here is the crude oil, and we happen to still be in this trade. Then gold will do the same thing only upside down. The first thing you do is you look for those three lower tops or three higher bottoms and try to find that. Now this thing really swings, it carries a big stick, folks. You know, these reactions from 91 to 9270, that's $1,500. That used to be a lot of money in the S&P, but it's not anymore. But that's what you wanna look for is to follow the lower tops or lower bottoms, higher bottoms, higher tops, and also get accustomed to using the 382 retracement. Because I'll tell you, when I do this seminar that we're gonna have some time in March, I will show you that without doubt, I mean, I kept so many records on this thing. It's just one of the most amazing things. It catches these, you know, these patterns really, you know, really, really dramatically. So that's what you have to do. Once it sees, another question, Mr. Z, how will I know when the market has really, gold is broken out to the upside? When we clear 1856, okay, then I'm not gonna buy it there because I don't buy breakouts, but I'm gonna be watching for ABCDs to the downside, stopping at 382 retracements. And that's what I'll be watching. We saw this in natural gas. I posted this, oh my goodness, I think I posted enough natural gas charts over the last two weeks to, oh my, they're just everywhere. I mean, I've done it here. I've also done it for the people that have the, you know, take the 24-7 stuff. But I mean, it's just one after another, 382 retracements in natural gas. It just kept dropping and dropping and dropping and dropping. And today we had one and dropped another 13 or $1,400. So it's really quite amazing. Now, what's happening here? I hear something beeping here. It shouldn't be beeping. Let's see what it is. It is, believe it or not, it's natural gas. As I live and breathe, okay, there it is. What I'll do is, so we've got a break coming up here and then I'm gonna bring up some of these. Hold on just one second here. Hold on just a second here. We'll get this natural gas. Hopefully, and I will, what I'm going to do is I think I've got it lined up still here. Oh dear, probably not, but they're close enough. Yeah, I'll be able to do it close enough. You'll be able to see it as we come down through this thing here. When we get back from this next break here, which is in a few minutes, oh yes, I still got it. Yeah, there it is. Good, good, good. This is going back to the big high and it's just truly amazing. I'm gonna draw one other one. This is really worth it, folks. I mean, I'm telling you, I've been studying this stuff for a whole long time and let me tell you, this is Mother God and country stuff. So we'll have to bring it to your attention here and hold on, let me, I can't do anything with this until I get the, I have to do the charts. I have to make them smaller so that they'll fit the page and everything. So I'm going to be talking, if you have any questions, it's 877-927-6648. Let's get this up here and I will be doing it, testing $10 million with one. I don't know what that means. Q, I'm not even sure. Hey, we'll be right back, folks. I think we have a break coming up right now. I'm not sure I'm trying to stall so I can get this chart of this up and we'll see if we can get this up so the folks can see it when we come back from the break because I think it's that important and we'll do one thing at a time. 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. 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Every single one of those was a 382 retracement, folks. I mean, to the absolute tick. I mean, within $10, $20. I mean, it was incredible. And then we had a really nice rally for about a half a day also stopping at a 382. That's the one that occurred on the February 4th. And then we start down again and again and again. Now I'm going to be really pounding the doorstep and pounding the desk when I do, the next time we do one of these deals where we trade live because you're going to see strong trending markets like we're seeing today. You had a couple last night doing exactly the opposite of what this thing was doing on the upside. But if you'll start to get friendly with it and after you've studied it enough, you're going to be really surprised. Now there's a really strong key to this that I'm going to share at the time. It's related to velocity and stuff. And I think that's going to be very, very important. Keep in mind, that's the easiest pattern that I've ever seen. You don't have to do any, it's a no-brainer. You just have to learn how to calculate 382, know what the trend is and then go with it. Your risk is so small compared to what your profit objective is that it's really quite spectacular. Now I wanted to share some of these great charts. I just did the one with the footsie but there's others here that AS said over and he just says it's beautiful work with the symmetry. We all can learn from it. But here is the, this is the DAX on a five-hour chart. Here again, he colors it up so you can see it nicely. And there's another example, Z of a strong trending market. There's your 135 pattern, bada-bing, bada-boom. Look at the amount that you make on that for God's sakes. You're risking almost nothing. And boom, you're home-free. The 135 is the highest, there's number one at the very high. Number three is in the middle. Number five is the lower top, the lowest top. They have to be symmetrical. In other words, the distance between the high of one and the high of three must equal the high of three to the high of one. And the ratios, the six, one, eight, seven, eight, six, they must come in also. So you've got beautiful harmony. It's basically an upside down, whatever you want to call it, but it's a 135 pattern. I got that from Bill and his son, Roy. And boy, oh boy, Bill and Roy Longstreet. Anyway, back in 86, they came to visit me up there in Pismo Beach and I got to be friends with them and believe me, it was a real honor to me because Roy Longstreet was the king of the soybeans during the 50s and 60s and 70s. He lived to be very old, very friendly, really nice guy and his son passed away a little too early but they were just great, great people. And it was a real honor to know him. He owned Clayton Commodity because he lived in Clayton, Missouri. And I started trading with Clayton Commodity his way back in 1964 in Los Angeles. It's where I met Mr. Five Toes, Jimmy 20-Mund himself. And 20-Mund was my broker there. There was a whole bunch of Roy Fassel was also a broker. And it was in the Howard Hughes building and the McCulloch old building was being built across the street on Westwood Boulevard. And soon as that was built, Conti Commodity came in and offered Roy Fassel the opportunity to open his office. And he said, I'll take it. He walked over and with him came five of the brokers from Clayton Commodity to go to work there. There were a couple others from the Dean winner there but that's what started the whole Conti Commodity and Alden Market Wizards that's traded through there. I was thankful to live during that time and learn so much and got to meet Stan Harley. Stan will try to be our guest next week. He's traveling again this week. So that's it. Folks, I got to share a few more of these because I think they're just really exciting. Here is the, here it happens to be a cross-rate between the Euro, the Europe and the British pound because they're not concerned about the US dollar over there. Whoops, surprise, surprise. So here is the Euro versus the British pound. And of course they don't use the Euro in Britain. They use the pound. And so what they do is they watch it because they got visitors going in and out, business going in and out. And here again, you're seeing some great symmetry on this thing. I mean, it's a beautiful ABCD to the downside and we've gone from 82, 90, all the way up to 84, 80. This is a daily chart but that's a $2,000 move in seven days so we're seeing great volatility in that currency. And that's an important one too. Now I've also been active, I'm gonna jump around here and do a couple other things to show you some of these other charts because this is the footsie on a four-hour chart before we had that other pattern and I'll show you that one led to another but there is the four-hour. You can see that you got a double top up there and then you have three drives to a top. Drive two is higher than drive one that has to be there. Drive three has to be higher than to be there. And there's symmetry. You can put the symmetry in. It's actually 26 bars, not 26, four-hour bars in between that, that's like three days. So that's what he's doing here and he does a great job and I want you to see his work because that's the information that I get early in the morning is what we have looking at the markets from a European standpoint. I've also been asked to take a look at the Euro. We wanna get this up here. This is pretty much up to date as of this morning. Whoopsie Daisy, let's get the ball rolling here Cowboys. Let's get the ball rolling, here we go. Get this up here and you'll see this coming in right about there. We made a 61% retracement off the high of October, okay? We came down to what we're watching for. You see this been down for just three days, very, very quietly. Woo, that has a chance to be really powerful folks because if the Euro starts to pick up and gets back above there, wow, that's a three-day retracement in a real strong trending market. Mr. Z, if this were gold and it were three days down like this and it starts to break out, we gotta get the old saddle on Walter and get him on that one, buddy, because that one's got a lot of power. So if we get above that 114.80 level in the Euro, you don't wanna be short because after a three-day retracement like that and no, not even close to a 382 retracement, it comes in around 137, that is flat out bullies. But we got more time, maybe it goes down today. Just to pay attention to, because if it breaks out to the upside, it's gonna go a long way and to seeing that another way around since we were talking about this on the, I wanna show you the dollar index here, where did I put it? I put some of these charts up here to try to give you an idea that I sometimes lose them on these little tiny figures I can't even see. Are you kidding me, darling? Hold on just a minute, where is the tax? I mean the dollar index. It has disappeared, it appears and disappears. So I don't have it here. Shut the front door and razor it. Nope, don't have that one. So we'll move that on to, ah, there it is. Rrr, right, no, that's the, this is the German tax on a five minute. Let's get that up here. You'll see that's the same as the others that we've been looking at right here. Okay, if we, all right, next thing I gotta cover here, very important. This big move we're having in all these things, okay? Whenever you see big moves like that, that are rocking and rolling, the first thing I do is I go in, I look at the open interest, and I put this up here, I looked at this last night, I'll be right back. 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Okay, folks, I posted the open interest figures from last night on the NASDAQ and the S&P. Both of those dropped. Russell was dropped also, the Dow Jones, but the two big ones, the NASDAQ and the S&P both had drops. I showed you that. That's short-covering, folks. That's not new buying. If we have another day like today and the market says losing people, this is not a bullish sign. I know it looks bullish right now, but it don't look that bullish all the time. I want to post something here that I think you're going to like. Let me get this up here. This is from one of my students who's a big believer in the Floor Traders Handbook. I want to get this up here. This is a sheet that he's put together for risk and reward. And if you're interested in this, Billy will allow us to send it to you, but he's really done a great job showing how to set these things up and what the expectations are, or winning and losing, what your maximum risks are, number of trades. He's just got this lined up really nicely. And if you do want a copy of it, I'll make sure that I send it out to you because he's doing a great job. And this is something that's quite important because what the Handbook does is it proves that the ABCD's work, it's basically the work of Menwa Mendel brought on fractals. And it just shows you that the fractal is AB equals CD and that's basically how it works. So all I can say is, if you will be so kind as to remember when you're doing these trades, whatever you're doing, when these patterns fail, you must get out. You're never going to be right all the time. If you're looking for somebody that's going to be right all the time, look upstairs, pal, because it's not the old cowboy doesn't got it. I mean, I'm looking for two out of three at the very best, hopefully not having a string of losers. You know, we haven't had that in a while. Oh, somebody's at the door. Anyway, we've got to be able to remember it's all about risk control. Tomorrow we're going to have none other that he calls it to the minute. Norm Winsky, Norm's got some good stuff and his timing has been very good. He has been great, great experience and he's always a good to guest to have on. So we'll have him on and I'm still trying to see if we can get, he lives in the darkness of the night, Denapoli on the line because he's really hard to get in touch with. So we'll get him on eventually and have him on. So we'll see you on the flip side tomorrow. Live every day in an attitude of gratitude and may God bless.