 Okay folks Larry Pesavento with the mid-morning update or mid-afternoon update we've got a time change it's 10 o'clock here in the big city we've got a few the indices are up the S&P's up a couple Dow Jones down a couple Nasdaq's up 120 and Russell it's had pretty good the big move is we've had a $50 move in gold it's only up 47 right now a buck and a half in silver and then of course the big reversal in the crude oil market that occurred in the middle of the night which was not unexpected but that's what pretty much happened the US dollar is weakening and of course that means that we're having a big move in the Euro and then also in the Japanese yen anyway those are a few things that we're taking a look at today folks let me just give you a tiny bit of old history and that is that no matter what happens during these times we all come out of it occasionally usually very very good I want to show you what I predicted way back when in March the 5th of 2009 oh just a second I got the wrong sheet up here and then we'll get up here this is was in the news oh dear that's just a second here I got it all messed up and now we've got it right so let's move it over to the place where I can put it in there we go and this was my I've been speaking for these folks at TFNN since 2007 this was March 5th of 2009 you'll notice that we had a three-drive to a bottom there you'll see the arrow that low that we made that day at 666 the old devil's advocate number was exactly a 61% retracement of the low from August the 9th of 1982 go check it yourself if you don't believe me because I was on the floor of the exchange that day when the market bottomed in August that was a big move by Henry Kaufman from PIMCO and he basically not PIMCO oh dear can't remember the name of the firm wasn't Solomon Brothers anyway this is I'll think up in a second not important anyway I said the market was going to have the strongest rally since 1938 well I was right because it rallied all the way up to 40,000 but we're not this is not the same situation that we have now folks all I'm doing is to show you occasionally I get these patterns right and that's what I'm trying to impart that sometimes they work they work about 60% of the time that's what we're working on we're gonna take a break we'll be right back