 The following is a presentation of T-F-N-N. Trade what you see with Larry Pezzavento. All now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, looking good, Billy Ray feeling good, Louis. We are rocking and rolling today, baby. We are rocking and rolling. We got everything happening. First of all, let me make an announcement. On the 22nd of October, Tom Hougard is going to give us a show. He's going to be on my show, and he's going to have some really great technical stuff along with some mental things. On the 23rd, the next day, we're going to have Dr. David Paul, the mathematician, psychologist. We also did the webinar in, not webinar, the seminar in London. He'll be on on the 23rd. So we've got big plans on the 22nd and 23rd. And the second half of the day show will be fun because I'm going to go into some things going back to the Civil War and the Federal Reserve and that kind of stuff. Folks, the first chart I posted here is the chart of the Treasury notes. You'll notice where it says back there on the 4th, 5th, 6th and 7th of October, I was pointing out that open interest was dropping sharply in Treasury notes and that was not a good sign. That means that the patrons are leaving the restaurant. There's no more food. Well, folks, Monday, Tuesday, Wednesday. I know today's Thursday, but Monday, Tuesday and Wednesday, you never guess what's been dropping in open interest. Take a guess. The first letter starts with an E. The second letter starts with an S. And it's also known as the E-mini. But as we know, things will go up forever as we usually think they do and they do. Let's just start off with what happened last night. Last night, in the middle of the night, actually it happened to be pretty close to about 2 a.m. as I recall. Get up here a second because I happened to be on the air or in the room while it was happening. And we'll see here. You'll notice this is what's happened over the last three days. You'll notice the big move up there to 1.2890 in the British Pound to big ABCD, a three drive to a top pattern. But that's not the important thing, folks. The important thing is if you take a look at the British Pound that we've been watching here in this room and also in the newsletter for well over a couple of weeks now, that there was a possibility, and we said a possibility, of course, that there would be a move that would take us up to the 3.8.2. And you'll never guess last night what that number was. Yes, boys and girls. It was 1.2980, and we hit 1.2987. We proceeded to drop 200 pips because they realized that even though Mr. Junker, Claude Junker from the EU said, yes, the deal is done. It has to get through Parliament. And believe me, if you think our thing here is bad, you should see that. Also, a congressman died unexpectedly last night. Elijah Cummings from Georgia. Only 68 years old. My God, he's 11 years younger than me. I mean, that's pretty young. Anyway, I don't know what happened to him, but he did pass away rather sad. Also, one other thing that happened last night that I think is relatively important is that U.S. dollar that we've been talking about, that it had a really good chance that if it didn't hold that level, that it was going to be in serious trouble. And of course, once we went above that 11080 level, everybody's a friend of Hillary J, once we went below that 9784 level, we came down and we went down, we matched these lows down in here. Now, the numbers that we hit today, be sure if you, this is going to be a real interesting two days here, folks, because of that number we hit in the British pound. That's really, that's a weekly chart, folks. And remember the weekly chart on the euro, once we cleared that 11065, that took us up to the larger ABCD level up on the 110, excuse me, 111 and change. And we've got to continue this on. This just can't stop up in here. It literally has to continue making a pretty good move to the upside. Let's switch our focus here over to the gold market, because hold on one second, poison girls, oh dear. Let me get this up. All right. He's been in Congress 53 years. Are you kidding me? He's 53 years. He was in Congress. That's almost a full-time job, isn't it, Tucker? Oh my God. See, these things should be limited to maybe 50 years instead of 53 years. Wow. That's insane. Okay, let's take a look here at the gold market, folks. Okay, here's, this is a 4-hour chart in gold. Last night during all the rocking and rolling, we came down and hit an exact 61% retracement at 1486. There's still a possibility, folks. If you look at this chart really closely, we have that head and shoulders pattern lined up. This is about as nice as you could possibly get. You can see since September the 3rd, we've had nothing but lower highs. It's been lower. The high we had last night just a little while ago at 1497 was a little lower. So until we get above 1500, this tells us that we're heading, still heading down to that 1455 level. That's what it could be looking at. But above 1502, 1503, that would tell us that we're probably turning here. And the reason why is you'll notice the low that we made yesterday was right at the 78% level again at 1479, just like we hit back on the 11th. So we've hit it two days in a row. So we've got some higher bottoms in here. So this is the ballgame in the gold market, folks. Above 1500, actually, above 1500, we got game to the upside. So this could be interesting. And remember now we've been going down now for seven weeks. Our low was down on, we topped on September the 3rd. We made a bottom on October the 1st. So we were down a full month and then we've been going sideways ever since. So this has got a chance here. It really does. This is at the ballgame. Is it 1486? And if we can stay above 1486 today or tomorrow and get above 1500, this is going to tell us that we're moving. You remember yesterday, we posted a chart by David White here at TFNN, showing that that silver was looking good and we've been acting much more bullish than gold. I mean, when gold was crashing last, well not crashing, we were selling off a bit last night. Silver hung in there. Didn't even go down on the day. That was another positive sign. So there's a chance here we could have game here in the gold. 1502, to me, is the critical level. We clear that. I think we're going to be heading up to at least 1542, which would be the ABCD of the structure from October 1st up into October the 3rd. Down into October the 11th, we matched that double bottom yesterday. That was at 1478. And that would take us up to the 78% level of the whole move from 1565. And that would come in at 1542. And that would be 1542. If you take 1448, that's exactly $60, the harmonic number, two times the harmonic number in gold. And so that would be our target of 1542. Above 1542, get on that gravy train because that thing will take off like a ruptured duck. And I mean it'll go because we got a possibility here, this gold as we showed from the chart from Dennis Cartman yesterday that it has some really, really good things on a long-term weekly basis where it could really run. But we got a clear 1550 before we get to that level. So let's take a little break here, and we'll talk a little bit about the crude oil market. 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 Dahl and Tom O'Brien just hosted, the best way to use the TAS 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 www.tasprofilescanner.com today and you'll find the TAS 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, it's up to you to make decisions 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 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 of 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 are on the front page of TFNN.com 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. Call now. Call free at 1-877-927-6648 Internationally at 727-873-7618 Okay, I got a couple of comments about the rupture.com. I have to tell you a funny story, folks. This goes back down memory lane a long time ago. 1968, I had just been transferred. 1969, I had just been transferred back to Eli Lilly in Indianapolis from California to work as a product manager for the cephalosporin antibiotics. And my first assignment was I was to be the liaison between the advertising firm in Los Angeles, I mean in New York and Jay Walter Thompson. And so I had to go back to New York and I was going to be there for three days and the very first night that I got in on Wednesday, I got in on Wednesday afternoon about three. We worked until about seven o'clock and then the AI, the representatives for Jay Walter Thompson took me out to dinner. We went to a restaurant called La Pere Gorde in Los Angeles in New York and I don't know you know, Pere Gorde from whatever but we walked into the restaurant and it was really a small restaurant about seven or eight tables incredibly expensive. There were only two other couples in there folks on the right hand side was a couple I think she was the owner of the New York Mets and in the left hand side it was none other than Jacqueline Onassis and Aristotle Onassis having dinner and I was so shocked that I was literally my breath was taken away and they had in this room a giant duck press it looked like gold and silver just being Italian you know I never had duck in my whole life but what happened was either Aristotle or Jacqueline had ordered escargot which was snails made with garlic and butter I've never had snails in my life but when the waiter walked by it smelled so great I said wow I gotta try that and so I had the order of snails and I liked them so much I had an extra order of snails but when they pressed the duck and this duck was really expensive and I just really pretended like I ate it and I really didn't and but I had a good time with the escargot but since that time I've never liked duck as many times I've been to China I think I had it one time in Hong Kong because Sarah and I were with some very dear friends and she made me try a little piece which was a very small piece but I'm just not a duck person but I always remembered that and when I got back to the hotel that night it was really late I still called home to talk to my mom to tell her that you know that I had been in the same restaurant with Jackie O and that was that was excitement alright let's get back to the markets here let's take a quick look here at this remember the gold folks I just talked about the gold I remember hey when I talk about these things folks these are not etched in stone and these are just my guesses of what I think is going to happen you know that's basically what I'm looking at here there's nothing etched in stone on any of these things so keep in mind that that's what's happening yes she was a beautiful woman there's no question about you know what we have something in common Jackie O and ourselves we were both born on the same day July 28 she was quite a bit older than me but that's neither here nor there okay I'll tell you what her life was not any better than mine I can tell you that I think here at one other thing we want to watch real closely and that's this crude oil folks this crude oil has got a chance today this is what we call the last lives of crude oil if you want to take a look at this here's crude on a daily chart going back to June you can see how many times we've hit that 51 level we hit it back in June we hit it in August and we hit it in October alright now what we've done now is we're forming that 135 pattern trading it around this price right now this is where we were last Friday 52.94 and I believe we're going to get down one more time to break 52 possibly and then maybe turn from that level but boy folks below 50 below 51 you don't want to have anything to do with that and the reason why look at it really closely and you can see here that from the bottom that we made on October the third to the high we made on the 10th of October that was an ABCD structure that could not even make a 382 retracement that has tremendous bearish potential folks I mean that if that thing breaks I mean it's going to be really bad go back and look in May you see the April late April early May how we rallied for two weeks just a tiny ABCD almost exactly the same amount we rallied $3 a barrel what did we rallied here from 51 to 54 $3 a barrel shut the front door and raise the rent below 51 you don't have anything to do with crude oil because it'll be heading down to 43 would be my guess now again from me to God's ears and she's not listening very much so pay attention that's just my assumption of what could happen but it's not acting that bullish but it's still got a chance it's a we're on the last chance train here with the crude oil as we look at it today if you have any questions folks it's 877-927-6648 and we'll be able to see it people in the room are talking about the Jesse Livermore book reminiscence of a stock operator by Edwin LeFever that was a pen name if you don't have that book folks you're doing yourself a great disservice I've read that book more than any other book I didn't read the garlic garlic book the garlic book I studied that from 200 to 250 but the reminiscence book I read 50 times and I'm not joking 50 times well I'm talking 60 years but I read that book I wore out copies of it because I enjoyed it so much I even went to New York when I first went to work for Drexel back in 76 they still had the office there in the Chrysler building on the 35th floor was his original office with the chalkboard and all that stuff it was really quite cool then later on of course they changed it around no one could afford to do it no one had an interest in it than old traders like myself okay let's see what's going on here with some of these other things let me since we're getting close to the open I wanted to see how much we're we're going to gap up here this morning the hold on just a second boys and girls I've got to change in order here because we are getting close to a very very important spot here in the British pound and I will give you a reasoning for that for just a second hold on just a minute I want to change in order to make sure I do not get involved with this and I don't want to so I just go here and make the little clicker Reno and then I'm okay had a good day so far that's the good thing anyway we'll be watching watch the first 45 minutes of the market since starting now till about 1010 30 it should be pretty interesting jumping around people looking to what they're supposed to be watching so the attention to that as we as we usually do the gold is still acting okay we broke above the 1497 back down to 1491 we're back to 1495 now I believe we're going to get above that $1,500 level but whether we do or not I don't buy breakouts I'm not a breakout type person so I every time I get involved with those things I really don't do it I will the main thing that I would like to impart upon you right now and that is the open interest in these stock indices has dropped Monday Tuesday Wednesday folks that hasn't happened in a long time that short covering just like we saw in the notes I don't know how high this thing is going to go maybe go to 3050 3060 3080 but when it's over it's going to be just like the notes in the bonds and it's going to be not very pretty that's the way it looks from the cheap seats here in Tucson Arizona so sort of pay attention to that whether it's going to happen or not I don't know but we'll have to wait and see okay let's take a little break we'll be right back 877-927-6648 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 6 videos and a full report to his subscribers in just one week if you're a technical trader that uses patterns and retracements to trade then Larry's 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 fret page of TFNN.com under trading newsletters The path of least resistance is David White's daily trading newsletter for active trading ideas that 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 newsletter 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 Gottlieb 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 going to 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 by visiting tfnn.com this segment is brought to you by thinkorswim for more information just click the thinkorswim banner on the front page of tfnn.com okay folks we're going to talk about money here at least three presidents have something in common as we all know they were all assassinated we started out here with good old Benjamin Franklin Larry what was this guy's name again I think his name was Abe Lincoln let's get this up here so we can take a quick look at it this was Abe Lincoln and we'll get it up there and then the next one this course you remember Lincoln was the president during the Civil War and one of the things that he did was he wanted to bring in the old greenback let's get this up here and we'll take a look at it just give me a second here you'll notice here where this would says United States of America this was the not Federal Reserve folks the Federal Reserve was a little different but he wanted to bring this in as to what's happening and of course he was assassinated a little bit later the next one we want to look at was president Garfield he was in 1881 we'll get this up here so you can take a quick look at it here and you'll be able to see Garfield was going here this is some of the things that what you're going to hear next is this is the words of Mr. Garfield and we will bring this up so you can take this is don't tread on me that's right Mr. Z you'll see this is whoever controls the volume of money in our country is absolute master of the industry and all commerce which was true and the next thing he said the rest of this comment this was part of the webinar of the PowerPoint presentation that I saw when I was in London but I wanted to go through it because it's really interesting I was reminded about something this morning when they were talking about Brexit when you realize that the entire system is very easily controlled one way or another by a few powerful men at the top and we'll take a look at the rest of this because I think it's important to see where we are you realize there's nothing new has ever changed in these markets you will not have to be told the periods of inflation and depression originate this was Garfield and of course Garfield was he was taken care of on July he lost his presidency on July the 22nd and yes Gator I think you're right that you're absolutely correct anyway that was Garfield and then of course we had Mr. Kennedy we want to get up to the founders of the chief architects of the Federal Reserve I want to get this into your so you'll be able to see you know you're looking at J.P. Morgan and John D. Rockefeller and Jacob Schiff and the two Warburg brothers and stuff like that and these are just some of the things and then remember the the hold on just a second I want to get this to get this this is important focus I want to try to explain to you you know where I came from with all this stuff here but this is the thing from from night from 1913 this is from Woodrow Wilson we have to become one of the worst ruled one of the most completely controlled and dominate governments in the civilized world no longer a government by free opinion no longer a government by conviction and voter majority but a government by the opinion and the rest of a small group of dominant men 1913 the new freedom and guess what 1913 was folks that was you'll never guess that was the beginning at the Federal Island and let's just go here and this is why it all is important let me show you why this is important this is how I made my first fortune let's just get this up here if you notice here this is where it says Federal Reserve note okay that's not the way it was back in the old days let me show you what it looks like with the with the way it really does I'm going to show you the difference between these bills so you'll be able to understand where all this stuff comes from this is how I was explained how to make money back in nineteen sixty five if you'll take a look here this is a two dollar bill which ever since picture on it notice right there it says United States note right over his head says United States note okay now the next one you want to see is the one from the five dollar bill let's get this one up here so we can see it hold on second I'm just trying to walk you through the process of how we did all this and you'll see here there's a Federal Reserve note correct all right now let's go back to this one right here and now now this is where the real mystery comes in because this is what Mr. Kennedy wanted to do Mr. Kennedy was ready to bring this bill out which was a United States note you know Federal Reserve on here now look at the bottom folks see where it says series see Douglas Dillon Secretary of the Treasure 1963 shut the front door we all know what happened in 1963 don't we folks huh shut the front door anyway let's that's just what I'm saying that's how I got involved with this here hold it my beepers are going crazy right now so I've got to check and see what's going on you know folks I don't know anything about this but you know everything you know it's just really difficult just give me a second here to see where we are here here's a crude oil getting down there boys girls be be be be be prepared watch the crude oil folks at this 50 7240 level somewhere in that ballpark it's going to be it's going to be interesting if it can do it but we'll pay attention to it it's going to be quite interesting I would guess so no matter what well we're getting movement in gold now we're getting gold back to 1498 this gold's looking good boys and girls I think it's got a chance let's keep an eye on it and oh boy look at this I like this crude oil just a tiny bit lower in the crude please please please please please okay let's move over to the get back to the markets so the reason why I brought that up someone brought me an old memory of the old days back when I was doing that silver thing and one of my friends from a customer from Drexel that's this one I'm going to show you now folks give me a second here to get this up because it's I've got to draw some lines on it so you'll be able to see it I really think that this is a spot here where these bonds might have a chance let's just get this up here so we can take a look at it here and take a look at it right here you'll be able to see it down there you see and there's a little three drive pattern right there right at the 786 is about four pips away we've had a pretty good rally from this level but remember this thing has been coming down remember way back in September when that open interest was dropping up there at 167 remember that's what's happening in the stock market right now boys and girls that's that's not a that's not a good time the people are leaving the restaurant that's all I can tell you that was described to me by the guy that taught me about open interest which was John Hill and anyway that's neither here nor there you know I don't know anybody have any questions for heaven's sakes you know this is a Thursday and I'm wore out I've been up all night looking at these markets and pretty much done for the day but unfortunately I'm going to have to stay with it a little bit longer here to see if it holds right now and then we'll find out from this level okay we might be looking at an area here where we explode to the upside in stocks which is certainly possible because open interest even though that it hold on one second even though that it goes down it could stay that way for four or five six days or even four or five six weeks as open interest drops we don't answer to that so remind yourself that that could happen so pay attention to that folks it does mean something because it's a number of players that are in the market and that's what you really need to that's what you really need to do as you watch through some of these things that we're going through boy thank goodness we got another break I'm going to try to cover some commodity stuff here when we come back here and see how I've lost a chart just one second here that's the bond chart and we'll move on here to the next one here and I'll talk a little bit about negative interest rates but frankly I know very little about it but anyway we'll take a break here 877-927-6648 if you're in the CD market and looking for a secure investment the Tiger First Mortgage Program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida tax free zones across the country where you can build and hold for 10 years and pay no tax on 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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 XAU HUI, GDX, the dollar as well as more than 30 different mining equities as of September 3rd gold report subscribers have 5 active open positions with an average unrealized profit of almost 38% 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 S&P 500 continue to climb for bold trades on US large cap stocks in either direction trade SPXL SPUU or SPXS directions daily S&P 500, bull and bear leveraged ETFs direction leveraged ETFs an investor should carefully consider a funds investment objective risks, charges and expenses before investing a funds prospectus and summary prospectus contain this and other information about direction shares obtain a funds prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com a funds 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'Brien next okay folks I posted a chart of the euro yesterday of that important level of the 110 because that was that old high last month and of course we went through that like melted butter we got up to 110 50 I believe and that was an expansion number of course we're now trading a tad below it but that's why you want to pay attention to those old highs because there's stops there and if you get through those stops and there's not much action then you know you're safe but if you go through those levels and there's a lot of action you got to be very careful so pay attention to that we've been asked to take a look here at a long-term chart here in the natural gas which is a contract that we really like it's had one heck of a move off the bottom we moved about 20 points which is good but as you can see here back here when we were in the middle of the end of the year last year in December we were trading just almost at $5 Mr. Z had been in this since 220 I think 255 or something like that and of course we were seeing a big drop in open interest at that time and then the market you know gave up quite a bit in just in one month you can see we went from 450 down to 3 that's 150 points that's a huge amount but just our small rally back here will take us back to the 3.5 level that's what our goal is on a longer basis but be you know we're going to be trading in and out of that three or four times I would believe that's what I would be thinking at that particular point but we got a caller from Worth, Texas Roy are you there I'm here Larry how you doing today I'm good my friend what can I do for you I was just wondering what do you think about Bitcoin when it's going to get going again drop probably about 45% from the high this past year it's got it's got a lot of support around 8000 Roy but you know I I know so little about that I watch the you know I watch the price action of the chart because it trades so beautifully but it's had a tendency to run the same way as gold is running if we can get gold above this 1505 level then I think that's going to get a kick in the butt old Bitcoin but right now I just don't see how much last time I I saw it someone's asking the question what if Bitcoin falls below a thousand it falls below hey you don't have to go below if it goes below 3000 Mr. Z it's going to be in big trouble so the first and the first is at 7500 level Roy you got to hold that 75 where's the trading last I haven't had a chance to check at this last 24 hours last I saw it was around 8000 8100 I believe you know where it is this morning I think I saw 8023 or something like that okay it's still in that same ballpark as long as we stay above 7700 Roy it's got a pretty good chance to rally but below that 7400 you know I think the crypto currencies the blockchain idea is good but the crypto currencies might be in a little bit of a trouble would be my guess good enough thanks very appreciate hey thanks for calling in Roy I really appreciate it you have a good one and I love Fort Worth Texas I've been there several times and I really enjoy it very very much so let's see what we're going here we got a nice rally going here in the stock market again we're getting up near these highs at 305 307 308 whatever it's going to be it'll be pretty interesting no matter what and then we'll we'll see what goes on from that level here we got the gold got up to made a new high at 1498 backed off about $3 not doing too much there I keep an eye on this crude oil folks at 5240 that's the area we want to be watching that crude oil 5240 is the key level and I think that would be the one where we want to be watching very very closely for sure and then if you're on a timing basis so the next 15 or 20 minutes should be a very key level here in the stock market if the timing device that we look at seems to work okay but we'll have to do one thing at a time here as we're seeing here we could make a new high up above 0708 of course because the market is so emotional which is what you really like to see that's the real beauty of these things when you go they all go together and that's what makes them a lot of fun okay please what do you want Mr. Z is that the Australian dollar my friend dissect the old Australian dollar yep we can do that Mr. Z let me get the old Australian dollar up here we've been bullish at for quite some time so it should be still going up let's take a quick look at it as we hook it up here just one second here and we'll be watching it here very closely here very good ah that's what we want to see oh we've had a nice run this is good yeah hold on a second here we've had a let's just do the day oh we're making a three drive to a top pattern guys boy oh boy pay attention here this is going to be interesting this is going to be very interesting here hold on if you like a three drive to a top pattern pattern boys and girls this is uh this is one you want to take a look at there it is right there you're you're about right at the seven eight six I believe yeah well not quite but here's your three drive I mean that's that's mother god in country if you like a three drive to a top pattern that'd be the one to take a look at that would be it's a quite interesting one for sure so whatever that means maybe nothing maybe something I don't know but it's going to be interesting no matter what so keep a close eye on it that'll be something to watch well we'll see but anyway that remember the daily on that that was a real easy one hold on a second we'll bring this up so we can take a look at that that was a that was a real easy bottom that we had in the in the Australian dollar in fact mr. Z help put that out and we'll be able to see here we had that really beautiful bottom down there at 66 and here we are 200 handles higher right up at the 78% level and a three drive to a top pattern boy I don't know someone maybe ought to get to roll sell button out on that one that looks like it's going to have a little difficulty getting above 68 70 so your risk here is only about 40 pips boy that's a that's a three drive no matter how you look at it on that hourly chart but remember they fail a lot that's the whole key when these things fail they fail a lot and that's the whole key we're making almost new highs now overrun here in the s&p at that's 13 excuse me 306 the old high we had was 3025 I believe way back on September 13 when we had the full moon and now we've got all the things happening in the world that make everything copacetic and easy and wonderful and that's the way it's going so we'll we'll see how that see how that runs out here in the next few minutes as we go through looking at some of these charts but they're having a heck of a run this morning and that's the real real beauty of this stuff so we'll be watching it closely be a big it'll be going to be a long day no matter what folks it's going to be a lot of volatility up and down so just get ready and make sure you use stops when you're trading these markets because they go to areas where you don't think they're going to go and that's where it gets really interesting for sure that's no question about that remember folks it's going to be a really special shows on the 22nd and 23rd of October here Tom who guard on the 22nd of October Dr. David Paul from Johannesburg will be our guest on the 23rd he talks about psychology and mathematics of the market and I think you really like that because that was a thing that turned Tom's trading around a great deal so well it's going to be interesting to see how that works out also so we'll pay attention to that I just made a there we go 13 0307 we need to get it up to 30 15 and that's where we'd like to see that nice little expansion come in there at the 1.618 level that would be a really good one to take a quick look at because a lot of a lot of emotionalism moving in this morning and that's what we really like to see so okay what other any questions we got the break coming up and then we got the final show and then tomorrow is happy Friday and we'll see what's going on but we're going to have a lot of activity today folks so just be prepared for it because it's going to be a wild and woolly one no question about it there'll be a lot of things for everybody before it's over today that's my two cents worth and believe me that's all you have to pay for is two cents this is how we try to kill time I'm certain you are or strive to be one 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&P 500 for the last 12, 6 and 3 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 is transforming into one of the best and what I do sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.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 TFNN.com what are you waiting for all of the TFNN newsletters are informative up to date affordable and must have for 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doesn't always work but if it does remember folks the last three quarters of the day it doesn't work as well as it does the first three quarters of the day because you've gone over 232 two minute bars and so the probability of success towards the end of the day is less than it is at the beginning of the day and that's what you really want to be looking at anyway is that part of the day that's the real key to paying attention to what we're watching here so that's what I would be watching if I were you and I am that's all I can tell you that's basically what we're keeping an eye on we'll have to wait and see if that's going to be the case but we're trading at 306.5 high's been 307 and change I believe so we should stop somewhere between 307 and 311, 312, 315 somewhere in Ed ballpark but we'll be watching it closely no matter what but remember it is a test program I've been testing it a long time but it has pretty good success rates sometimes it doesn't work you know if you're if you're in it and it if it hasn't topped by 10 after 15 after 10 o'clock 1015 it's not working you know that's that's basically the bottom line and that's that's what you have to pay you know very very close attention to that's the real key we need to get gold above 1502 folks that's the key level in gold 1502 the rest of the stuff is just cannon fodder of the opening range in the stock market everybody's in there you know doing their things back and forth so pay attention to that that's a key thing to to be watching there's nothing nothing exciting about it but you've got to be able to decide how much you're going to risk on some of these things and that's the whole key above 13 30 30 30 15 in the S&P you know that the old high was 30 25 we could make maybe we could even make that today maybe we could even make some some emotionalism we're only we're only 18 handles away and we we we came 25 handles from last night so that's not a big that's not a big stretch so anyway keep your powder dry keep your stops working and be sure that you come in tomorrow 877-927-6648