 The following is a presentation of TFNN 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 Folks I've been asked to do something from three different people here in the last half hour So I'm probably gonna do that instead of what I was usually going to do But I have to cover a couple things This is the live cattle market February live cattle and you remember we had this big ABCD pattern down at the bottom here 1.618 expansion and then that was back on December the 7th here We are in the 26th of December and look what we've done We've made a perfect ABCD pattern right to the downside If I could draw it incorrectly which is difficult because this thing is so sensitive when I'm Working alive and there's where we are right here and we went right down to it right now It's moving up quite a bit, but that's one of the things that we want to watch This is a bearish cattle report and we couldn't do anything and this was the report and then this was today's action Slightly lower. I thought we might get down to this level But we didn't we only got to the 382 and that that's a really bullish sign when you've got bad news and good action That that's a very very positive thing and tape reading just about anything if you've ever read any of Jesse Livermore's work Reminiscent is of a stock operator That was a big thing that he done, you know, the tape was saying a hundred, but I could see a hundred and ten Well, that's what happens are some of these things that you're looking at right now Okay, now the question has been asked to me about these cycles that I've been talking about since Hector was a little pup we'll get this up here right now here and Only take me a second to go through them These are the big ones right here. I think this was the one that this is the one we were talking about short term Yes, this is the one you see here's where we were in October. Okay, October the 27th December 1st There's December 13th and here we are coming into January. You see it's about all the way to mid-January After about the 15th of January folks these lines turn red for a long time Now that remember these do not say how high it's going to go Okay, all it says that there's going to be a turn date on that that should be down Now if this thing is coming down at that point that means it's probably going to be reversing and going up these are What do you call timing signals that sometimes can reverse when they're lining up perfectly like we are now From that high in October down to the 27th then up here into the 13th This should have been you know backed off and what did it do? It went straight up and so and it's probably going to go at least through January 8th through January 15th Unless something dramatic changes and sometimes that happens too So we want to be watching that date the second cycle that was involved with this All right was this one right here and as you can see this and going back to July 23 This was an older one. You see we didn't get through but look at what you can see here That what the problem is this is where we were here in October You see how October and then the the the one in November was higher than lower You see how that difference that's because this is the combination of all Ten things that we're looking at what we're looking at on the other one You're only looking at the four outer excuse me the five outer cycles of five-hour planets. That's why it's easier to gauge Okay, but these timing dates are you know, they're pretty good. They're not a hundred percent. That's why we use patterns That's why we have a vehicle CD so I just wanted to bring that to your attention because Those are the things that we're going to be watching as we as we go through here now The other thing that was important in that Sequence of events if you remember I brought to your attention some of the things where's that Elliott wave stuff? It's up here. Here's where we are. Okay. I want to get one of these in here. This is the one This is where he this is going back to 19 into 1923 But he's basically he was saying that the highs should be somewhere around this level here. Remember this was from 1990 excuse me 20 2021 November of 21 he was predicting a high up into this area here It didn't get anywhere near that. I got to 36,000, but now we're in that zone. See that that zone we're in that zone We've hit 30. Well in the future as we've hit 38,530, but that doesn't count It's that this is the Dow Jones actual index so that hasn't quite hit that it's hit this number 37,775 it's trading there right now So that is still a possibility now That's a 1.618 log expansion whether that means anything or not Have to wait and see but we want to pay close attention to it for sure all I'm doing folks is looking for a low-risk entry on a You know on the Stock index stock indices when I get it I look at it and that's basically, you know what I'm waiting for The second question that someone asked was about the gold Scenario John Shevney from the Tiger Den sent this out. This is showing the last Seven years in the stock market Wow Larry the gold market You can see here. It has a very bullish bias during December That's basically what you're looking at only one year in here even that was bullish This one was just very very bullish right here You see the bullishness here and then here is a bullishness here and then in 23 We've had a pretty good bullishness. That's why you know We'll be looking for another re-entry into the gold market because that that's just a cycle that's repeating over and over again Why these cycles work? I don't know. Why do they shift and sometimes go back and forth? I don't know that either so all I have to do is just to look at the patterns that I'm trying to find and Basically, that's what we're trying to do perfect example of that was something that I brought out in the video that I sent out early this morning Yeah, it was the last night last excuse me. It was last night Here's where we were in the this is what my my whole my game plan was in the end I pointed this out. We have a very bullish bias folks We we bought this 382 low right there. We did buy that when we got out of that one right about there We re-bought it right here. Okay, we sold it there and I said what we're looking for I said the real easy trade for today would be if the market would come down from your low here and make a beautiful ABCD pattern ABCD We haven't had one since that bottom was made on the 13th There's not been an ABCD pattern in that whole run and there it was right there. I said be a buyer here at 72 60 put your stop right below that and you know look to the trading gods to get you out of it There's no ABCDs in here that are oh, there is one right here son of a gun Stand corrected Larry. There it is right there. There it is. You can see the perfect ABCD right here at 72 41 we went up here and look what it did last night I came right down to a little below the 61 percent retracement and We we stayed there. This is an hourly charge folks. Look at this this stayed here one two three four hours at this zone Right here, and then look what happens. You know when it takes off. It's already exceeded this swing right here There's your AB leg here, and there's your CD leg here. It's already going higher that tells us We're gonna go at least up into this 1.618 expansion. I would think that would be the easiest place to to take a look at it So that's what we're looking at. We got norm winsky coming up folks at the break So stay with us. You got another segment coming eight seven seven nine two seven six six four eight 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 technique 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 TFNM all our newsletters come with a 30-day money-back guarantee So you have absolutely nothing to worry about visit TFNM.com and try mastering probability 30 days risk-free today TFNM 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 TFNM.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 TFNM.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 TFNM educating investors TFNM has just launched their new trading room the Tiger's Den hosted at Discord TFNM 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 $1 for the year There's no catch or added costs when you join our community of traders in the Tigers Den you can look over the shoulders of Tom O'Brien and the other TFNM 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 TFNM.com Call now toll free at 1-877-927-6648 Nationally at 727-873-7618 Okay, folks. I wanted to point out to you I posted the chart here of the E-mini S&P because in the video that I sent out on Sunday night It said it looked like it had a potential for a bearish bias because you had a nice one three five pattern here Now this was Sunday night and you notice when we took this out that negated that one three five pattern So there's no way that you want to be looking to be bearish because you've already come down You should have started to break and make a major ABCD down in this area But it didn't the markets acting very normally folks even with the holidays look at the swings how equal they are There's your first swing down absolutely perfectly equal. There's your second wing down here This was on Friday perfectly equal if you measure the swings this one was 618 I believe this one was just about 50% Well almost exactly 618 to well misses it by well things you sense it misses about about five points But you know that's just showing you that this the symmetry is still there So that means we're gonna make a new high up in this area just looking at today's action here Even as quiet as it is there's there's your opening range here. This was your low from last night So all you have to do is to just measure to see what the first correction was and you'll see it Comes down just about 50% a little below the 3a2 But look how many times it hits the 3a2 level and then continues to go higher and then you're looking at an ABCD here Taking this out. So there's no reason to think the highs come in yet at least from not a risk parameter I mean, I don't know if it's gonna ever come in but from a short-term parameter. That's what you're really looking at So that's what I'm focusing on because I know when it comes if it does and maybe it won't Because it doesn't make an image will be trading a lot other things along the way But if you just look at this what it's done here on a long-term weekly basis and we might do this folks This is that this is the cash. Excuse me. This is the March S&P Index so it's not this data is there, but it's not as good as if you're looking at that the nearby This is the nearby now, but remember You should really need to look at the S&P Cash SPY because that'll give you a fair value now Here's what we there's where we were in October and now we started to go up just making this ABCD pattern here And we could make this very easily the tight slightest bit You're talking about it only being a what another hundred and twenty bucks away 120 handles away, you know the way these markets are going you make 80 handles one day 80 handles So next you could easily get up here, but You got to do it before this time in here. See this is where this is where the big daddy rabbits going to be saying, okay boys We're ninth inning and we're going to see what happens. So let's pay really close attention And maybe it means nothing, but all I can say is I haven't seen this many cycles coming together since well March of 2005, so we're going to find 2009 let's keep it to keep a little look on that. I've got to change this out Or I will get it all messed up again I don't want to mess that up and then the next one I wanted to talk about here was the treasury bonds This one is just standing here Hasn't gone down yet, but it hasn't gone up yet. Anyway, this is what you'd be looking for we sold this at 2403 that's where it's trading right now here. You got some slightly over the last three days slightly lower tops Nothing to really write home about the ranges are very small This would be the first profit objective on that. That's at your 382 level right here Okay, so that's that's something that you want to pay Close attention to as you're looking at these treasury bonds. However on the long-term basis folks the long-term basis If these things ever close above with this 126 level They could go a long way because this is a this is we're in a tenth week rally in a bear market Anybody that thinks that's a bull market. I want to I want to shake their hand You can see the ABCD pattern at the bottom here at 107. Okay 103 was the actual bottom Now we're in this is the tenth week. We got one two three four five six seven eight nine We're in the tenth week now at the rally now. Maybe she goes up here and Camelot comes back. I and that's possible because if we get above 126 That tells you that there's something here that you'll cowboy miss and believe me I do miss some things and what I do I'm certainly going to tell you because if that happens, that's going to be a big surprise I have not seen this much lethargy in the market. In other words people Disregarding anything that is related to anything bearish as opposed to even thinking about it. I mean, it's they're just You watch Bloomberg and you want CNBC? They do not have anyone on there that is saying look be careful. This could be Major top for a very long time. I've not seen one person Come on yet. There might be one but I haven't seen him yet If they have please let me know but I mean I'm Well, just let me know because I'll have to you know see what's going on I had this same problem when it was upside down back on March of 2009 Everybody thought I was crazy. They were right, but I didn't tell them why anyway, that's that's what we're going to be All you got to do is trade get back to your basics trade your ABCD patterns And you're going to be you're not you're not going to get any trouble in these markets I mean sure you might you might have some losses here and there But you know, it's not going to let you down folks because it goes back for as long as I can look at Recorded history it all starts with a B equal CD and some of these little patterns that we use they're there over and over again Those of you been following me for years already know that or you wouldn't still be following me, you know So we know that they're there all we got to do is try to pick them out And that's what we're that's what my job is try to pick them out And here's one that we're waiting for that's getting very very close and that is This natural gas, okay Okay, here's natural gas over the last several several days now. We're getting close now remember we were looking at shorting up here the other day right on the line While we were online There's where our number was up there at 258 Excuse me 250 is sorry about that boys and girls. It's 248. Sorry 248. Hi was a 250 So it was against you 20 bucks $2 and then boom down. She comes all right now. There's where we are today You go from your low over here To your high lines up right on the 786 right there and then you go over to your low on the left And that lines up almost exactly on 618 is at 237 this was at 235 that tells it that's a really good spot has it's pretty strong rally You can see it has a very strong rally and that rally takes you right up to the 61% Retracement There it is up to almost to the exact tick and it backs off to the 61% Retracement and now it's backing and filling when you buy down in this area here folks And you have that much of a that much of a run that would be your first profit objective Of course because that's almost that's $600 But if you bought it there just keep your stop at break even which is down here You can certainly do that, but I don't like to give that kind of money up I would rather sell it and buy it back on this little pullback sometimes you don't get it like what happened in October in stocks But that's what you're paying attention to so this is something for tomorrow right now It's a completed pattern and we're waiting to see what's going on. There's also a possibility because of this gap This is could be something very very negative. Remember, we don't even have LPG gas for your barbecue pits in Tucson Stay tuned for the wizard. Mr. Norm Winsky will be up in just a second from Naples, Florida 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.com Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out Teddy Keg stat's Tiger Forex report Teddy Keg stat breaks down the Forex markets every Monday using his 30 plus years of experience as a trading veteran of futures Forex stocks and options Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar Dollar swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30 year t bonds as they both influence forex markets tremendously When you sign up for the tiger forex report you also gain instant access to teddy's 60 minute webinar archive He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today Visit the front page of TFNN.com TFNN educating investors 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.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.com 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 Okay, folks, I believe we have mr. Norm winsky in the house right now norman. How are you? Great larry and you I am terrific shanatova to you my friend and tell us what we're looking at now, buddy We'd like to hear what's going on Looks like you got a different background. Are you in philly? Uh, no, that's one of my properties that I have all over the world That happens to be right off the wharf there in san francisco I bought that property about 40 years ago for 50 000 and now it's worth 12 million I came up here to make sure I can collect my rent every month from all these guys That is a thing called you can change the background anything you want And on skype you got about congratulations on your Congratulations on your san francisco real estate Yeah, sure and I still have two shares of the brooklyn bridge for you too norm Okay, I'm gonna put that maybe and put that my return into count, you know I'd have a good place for it. Keep it deeply in there. Okay. Make sure you sell that one last Okay, anyway, shall we move on shall we move ahead? That would be a very good idea to move on So please continue. So anyway, I was last on your show larry on monday december 11 And I made the following forecast. All right. We had a new moon the night of the 12th Anytime we have a new moon. I like to look at financials grains personal spell I'm probably gonna over the past year or so. I've noticed that the oil Also turns on the moon. So probably gonna be adding that so we'll include that too. I hope that's okay And then the night of the 12th. We also had mercury and capricorn turning retrograde Over the past 15 20 years or more. That's been a really high like a 90% or you know We'll see if that In december Anyway, that's any time you have mercury. You got the grains corn soybeans wheat and because it was in capricorn We'll be looking at coffee too And then the afternoon of the 15th. We had jupyre aligned with saturn Jupyre's in torus and saturn's in pisces. It's a surfer turf, you know And we had so we'll be looking at cattle coffee cotton and oil And then the night of the 15th. I think that was a friday. Yes, that's a friday weekend deal Mars zero north latitude. So we'll be looking at corn and gold So here we go. We got three points for corn two on the for the moon because of mercury and the moon And you see there that it kind of made a little bit of top there off of that high there and then we went down And then that will pop up here for the mercury Yep, that's the mercury at zero latitude. I'm sorry. I take that back. This is the base on 15th I'm not sure why oh the other it is. Yeah, that's right. Mars zero north latitude. Sorry about that Right there. So that was a little bit of a high there and then you add a dip Beans, uh, not so good. We were off a day or so On the high there for the beans. So I had to count the mercury and the moon as the misses there for the soy beans And here's Mercury and the moon We and that's worked out for a short term top there had a chance to make 25 cents. It's 20 cents A thousand bucks Here's cattle cattle went up here and just ahead of that little top there had a chance to make a little bit of money And here's cotton. Not so good. It continued a little bit lower. So that's a miss Coffee, not so good. We had a disc there and then it just went sideways there. So that was a nothing And oh actually a minus one Silver was spectacular Right on the moon Larry. Look at that. Whoa there the whoa of the month That brings back memories of your friend. Mary. What was her name? The silver Mary rivers There you go. Mary rivers. There you go right on the bottom there of the silver right on the moon Here's gold. That's something not quite as spectacular But similar made a low there and then we also had this point a little pullback low here for the gold on mars zero latitude Then here's the s&p. We struck out on the S&P I had four potential points three were misses and one was a pass all sideways action So that's that's like that's not my usual deal, but that's what happened And then t bonds were just going sideways In december kind of a difficult trading environment. I know what you think larry, but that's how I see it And then the dollar was kind of just kind of going sideways some of the currencies were pretty good though The ozzie dolly pulled back right into the moon. That was the uh, the new moon Here's the british pan sideways Here's a Canadian dollar similar to the ozzie pulled have a little bit of a pullback right into the moon And here's the euro that was a miss So adding up all the arrows green arrows red arrows had 11 winners eight misses out of 19 for 57.89 percent not one of my better periods, of course So usually i'm doing the 70s and 80s, you know So there we go. We got coming up here to see oh tonight tonight's the night larry We have a full moon in the sign of cancer. That's the moon rules cancer. So it's they'll be in its own sign And anytime we have that we'll be looking at financials grains precious metals And i'm going to say oil and you might have noticed that oil is up pretty big today Last time I looked up about two and a half bucks So pretty big day for the oil So we might be looking at some kind of short term top. They're on the oil by tomorrow morning Then the uh coming up on the weekend here new year's weekend We have jupyre lining up in the tariff like going direct. We have jupyre You know, we have retrograde you have direct Has to do with the relative motion of the earth to the other planets a shift in the relationship jupyre in tariff and that's tariff is cattle And cotton and then we have mercury That's the grains corn soy beans wheat and we have so we have two what we call station points director retrograde points Right over the same weekend. That's pretty could be pretty powerful for uh when we reopen on tuesday Next year january second So here we go, uh, here's my bio if you don't know me I've been doing this a long time almost as long as larry And I right out of college. I made a stubble on astrology while I was in college started trading Based on the astrology made enough money to back in the early 70s there To ended up buying a membership on the chicago board options exchange And landed there right out of school in 1975 and became a market maker and a member of market maker there On the cboe and did that for 12 years also traded on the chicago board of trade for a little while And there we go. So I got a little bit of experience and I've studied all this stuff here What's that again? I have a question. How much did you pay for your exchange seat back there? 25 25 000 20 so you didn't lose much money on that one, did you? If you've got a minute, I'll tell you the story how that happened And we have 59 seconds take your time because we've got break time. So please go ahead and continue with the I was I made a made money in the stock market while I was in college there And uh, I had a friend who I didn't know what I was going to do when I got to school I was an econ major and he kept saying Son you might want to think about becoming a stock broker and I thought well, okay I don't know what else I'm going to do. So I started taking finance classes in my senior year I got uh, oh, and I've been I started training options. Okay. Got to take a break now. We got it That's what economics is about paying bills. We'll be right back. Okay, it's 877 976648 This 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 basal 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 basal chapman in 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 Educating investors Are you ready to take your trading to the next level? Introducing tom obryan's award-winning newsletter market insights your key to successful active trading Tom obryan 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 season 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 obryan's award-winning newsletter market insights first hand 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 l a b u or l a b d Directions daily s and 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 eight six six four seven six seven five two three The prospectus or 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 four-side fund services llc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Hey, we're back with norm winsky of astral transit He's telling us a story about how he got involved in the old business of buying and selling go ahead norm Okay, so, uh, I saw you've heard the story I stumbled on the bradley book there and I was going to school at indian state and carehawk stumbled on the bradley book did my saw that I was more interested in the rather than the bradley index I was more interested in what was in the middle of the book where he talks about the 41 month business cycle With jupy it correlated to jupy or neuronus and you showed the stock market going up and down Being an econ major and growing up in I can't use you might know larry. I grew up in a scrap metal family My father passed away when I was 13 But I grew up hearing dad telling all about the copper market and ups and downs of the copper market So I was familiar with the 41 month business cycle and I was also familiar with copper mining companies And so I went research copper mining companies And I decided when the copper mining companies were in the and the gutter in the In the in the trash I would buy a copper mine come that's how I made my big first big hit there in the stock market And then I took that and then I made friends with the local stockbrokers And one guy was my neighbor and kept telling me that maybe I should think about becoming a stockbroker So I being I was an econ major I signed up for some finance classes thinking maybe I was going to be a stockbroker And so I get to my senior year for the finance classes I got uh same prof for two classes small school And uh one was investments one was financial intermediation First day of the class of fall of 74 He tells me tells us that to get a good grade in the class. We need the right of senior paper I went up to him said look prof. I got you for two three hour classes that's six hours I've been trading options on the cboe. How about I write a two full paper? One will be on options as a vessel vehicle and the other as a cboe as a financial intermediary And he said okay, and then I drove the 200 miles Chicago got a tour the nice lady took me around I actually saw the original first trading floor the cboe about october of 74 And then she took me up to the new floor. They were building on the several a half floor I did your visit the the cboe Larry Every friday's little little little juniors fish sandwiches every there every friday never missed the three years I was there Was that every which every friday they had a the the fish place every friday. I'm sorry See you and I didn't cross paths there, you know Well, I was in the 80s remember. I was I was there from 82 to 85. So I was there. I was there then. Yeah No, didn't know you then you didn't happen. You didn't see the three the mini mining post. Did you that's where I was No The one thing I do ask you is uh, did you go to the Merrill Lynch office at seventh and wall bash? Is that where you did your trading because that was about the only place in town? You could do stock trading on the floor No, when you when you first did your no when you did your first copper trade Oh, you know, I traded through uh Oh the anaconda. I did that Through uh II Dupont on Ohio street. Larry. Ah, that's right. That was the other one. That's right There was Merrill Lynch on wall bash and then on I think it was what sixth and sixth and Ohio was uh Dupont, wasn't it? And then a bunch of those guys went and Did a spin-off and they went to hillier lands Yeah, that that was a long after the hillier lands office there in torrent Larry. No, no, I don't remember that No, okay. That was after your time. Okay. Yeah, anyway, so I get the tour guy that fixed me around and we get up to the new floor there on The floor you probably visited there in the 80s In the early 80s and as she said and they were going to open it in a couple of months And and so I'm there thinking I want to write I have to write a college paper But I also in the back of my head thought maybe this was a career opportunity And I so I asked the lady I said how does one become a member here? You had to be you know become a member to trade there And she said oh you should go talk to the chairman of the membership committee. I said, who's that? She said that's eddie o'connor. Larry. You remember that name? Great, you bet. I remember eddie o'connor. Yeah, eddie o'connor is greatly underestimated as He's the father of the whole enchilada. He jumped up the whole cboe You know when he was a vice chairman at the border trade there And so I did I didn't know much about eddie at the time But she sent me to go see eddie eddie was very nice to me You know eddie and billy his brother started his poor kids there on his runners on the border trade and by the time I'm talking about eddie. He's a multi-millionaire, you know, right? So anyway eddie was very nice to me and explained how you become a member and then he says son Do you have any money? I said well, I have a small inheritance He says well, you might want to put your name on this list. I have over here from the exchange They're going to be selling 150 memberships for $25,000 And right now they're in the trading in the open market for $45,000 I heard a $20,000 profit could change in my head. I said, where do I sign? $20,000 back in the 70s with by your Mercedes Benz Larry. I didn't want a nice That's a nice change. I thought well, nothing else I'll sell the thing when I can and make a profit, you know So anyway that put me on the oh and so I go to sign the paper And I'm number 160 out of 150 almost Fibonacci got 161 And uh, so I'm on the waiting list a few weeks later the exchange calls and said we've got some cancellations We had some cancellations. Are you still interested in buying the membership? I said, yes, where do I send my check and that was right around the end of 74 early 75 And I wanted to finish my last semester of school. So in the In when school is done there in May of 75 I moved to Chicago and became a member and market maker on the cboe All right That's like that's like being at Sutter's mill in 1849 in the gold rush days You hit it right on the bottom. No, I'm good for you my friend that was By the way, I went for my membership exam the first the weekend of the night That was the sixth the weekend of the sixth of December of 1974. You don't consider because it's the difficulty that was larry Man, that was the bottom number one. The night was below 570 on the dow Jones. The dow Jones 570 Maybe I told a little higher. I told some of my friends back in back in terror. Hope they're at My favorite bar cutting hands. Do you ever go to cutting hands there on croff? Played played basketball with the county and boys for six years. I sure did I know that's a million boys, but I used to go to the bar there Saw some of my friends. I told what are you gonna do when you get out of school norm? Oh, I'm thinking of getting into the stock market. You can imagine the look on their face. Oh, yeah You had a better chance of bailing. Hey, that's for sure Now these are good stories. I'm glad we brought this up because it brings back a lot of memories I actually had goosebumps thinking about the cutting hymns bar and stuff because they had behind the bar there They had that little basketball court was a nice basketball court where the kids used to play. We played there all the time Yeah, there was a lot of memories. Holy cow Hey, listen, I want to wish you a happy holidays now because we've only got a couple seconds here But uh, we'll have you on again soon and be safe and have a wonderful new year. Okay All right, let's get my contact up there. You can email me. You call me 239-594-3939 You can email me at annwhiskey at yahoo.com or skype Use the same address N. W. I. N. S. K. I you yahoo.com to reach me by email or skype Okay, thank you. Everybody have a happy healthy process of new year And looking forward to helping you. I'll be happy to help you call me up I'll give you a free class talks about some of these terms concepts and so forth Okay, thank you norm for joining us my friend. Thank you very much. Happy new year See you on the new moon. What's that? Okay. We'll see you on a new moon Yes, sir. Thank you for that. Okay. All right. We'll be right back folks dorm wins gastro trance 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. Yo, brian delivers options and equity trades when the markets present them using a combination of fundamentals and technicals Sign up for rocket equities and options report today with a 30-day money back guarantee So you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com Tfnn educating investors 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.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento 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.com educating investors Are you ready to take your trading to the next level? 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There's no catch or added costs when you join our community of traders Sign up today and become a part of this educational community of traders. 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 Okay, folks, I thought I'd let you know on my bucket list, you know, I've always wanted to do something and uh There's a chance that i'm going to be doing a seminar live trading seminar in las vegas in march And it's going to be for two full days I'm going to have three guest speakers the total number of years of these speakers plus myself is 200 Years of trading experience. They'll be doing some spots in between but it's going to be full-time trading For eight hours a day two days. I'm going to cover all food and beverages and everything And I haven't decided yet, but if you have an interest, you know, let me know It will come with a 100 money back guaranteed and if we don't make money You don't have to pay or you get your money back. Also, it's going to be called Making money with your honey because if you want to come you can bring your spouse for free And uh, so we'll have some fun. Not sure yet, but that's about 90 percent. Anyway, let's keep that in mind also Folks, we've got the holiday season finishing up here Uh, as you can see from the news and items. There's a lot of people out there that They're doing some suffering Hopefully we can get through this without anybody going totally wacko with a uzi or anything like that But be really careful on the holidays folks because there's some people out there Especially if you're living in here in Arizona folks, you should see what they've done to Tucson my goodness, you know, it's just really uh, it's just really amazing What uh, you know, what's happening and it's actually very very scary None of these people are from mexico folks. They're from ethiopia sudan Congo Russia China I mean, it's just it's just amazing and it has come at 15 000 came across the border 3000 came across the border in in Tucson at no gallus folks I mean, this is getting You know, just it's just overloading the schools and the hospitals and everything. So I hope to do something soon, but i'm off my soapbox now I'm not gonna talk about anymore, but tomorrow we'll have another guest So live every day in an attitude of gratitude and may god bless