 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 Okay, looking good Billy Ray feeling good Lewis We have to take a look at the crude oil folks here over the last five days On a 13-minute chart just to show you how perfect this market is folks if you like ABCDs I mean I look at this a B CD absolutely perfectly backs off exactly to the 61 percent retracement middle of the night last night Boom all the way up makes it 1.618 expansion look at the ABCDs on the way up folks I mean just really amazing. I know the LA wave people they they have certain numbers for these things We just call them ABCDs and that's pretty much what you're looking at here Now what I wanted to show you folks is one of the trades that we had set up for today And that was in the crude oil. Let's try it again Larry The soybean oil we sent out this early this morning and we were looking at this market We had a nice high up here We backed off and we were waiting for it to come down to the 50 level it got down to 49 80 And it's now about a hundred points higher That's a $600 in dollars and cents terms now you were to break even and your profit objective on this if they got to trading God's are with here is going to be pretty substantial because you have another ABCD pattern moving up into this area here, which would be all the way up to 50 to 40 folks That means you're risking $300 to make 1200 That's that's what the whole purpose of you know The trading is is to put the odds in your favor and have a nice run and sometimes they happen Sometimes they don't but the best one for today Has to be be member folks who've been watching this gold and silver Let's do the gold first because what we did was we changed our strategy a little bit in the video this morning I'll show you it right here. This is what we were looking at. Here's the gold We we had a you know, the low we had here on Friday was a 1936 the low today was 1935 60 we went below it by 40 cents. We've had a little bit of a rally now We've rallied about oh 12 bucks of 15 17 dollars up to this level right here Probably gonna be right at a 38% retracement of this move right here. Let's just double see No, it's it must be off the other one Hold on just because if it's moving that fast, that's usually what it does. We'll bring it up here. Yeah, there it is There was your 38. Oh, stop it Larry. There was your 382 coming in here at 51 But we saw this three drive pattern coming in here. Okay now our number. We were looking for you remember The 382 was 1944 we went below that but I said and I I totally screwed this one up folks I bought it a little bit higher than that end up getting stopped out But it should have been bought at 44 with a $10 stop So you never would have been stopped out and now you'd have a $600 profit But on further review of the financial markets including silver if we took a look at the silver market You're gonna see something totally different here in silver. Look what it did It came down and went to the exact 61% retracement here at 3193 2193 and we bought it at 22 even and now it's at 22 31 So it's got a $1,500 profit in it now You lock in a $400 profit cross your fingers and see where it goes That's all you can do really because this has got Everything in it that you could possibly ask for folks. There's your abcd leg right there coming in right at the 61% retracement and if you can close it above the high today has been 39 if you can close it above 22 40 That would be a really good sign that it's on its way. It's better than having a loss Let's put it that way. So we had two really nice winners there We also had a really nice winner in the S&P to start off with it looked like it was going to be a No-brainer. Let's get back to that for just a second here because I want to talk to us where we are with a stock market I think we're the real critical junction here folks. Let's get up here to take a quick look at this Hold on one second shut the front door and raise it around here. Let me get this up here to see where we are Okay, now that is the e-mini. Yes, this is you notice that we made a high or high here by just a little bit When you look at this on the daily and this what I was looking at remember when I talked Friday about the Apple being at that 186 42 look at this. We made a higher high by just a little bit We went to 36 75 today the high on Friday was 34 and a quarter third excuse me 35 50 We didn't even go one point higher folks on the day now We're we're down just a little bit from where we were but what we're watching for is if this is correct And this is you know a 38 a 61% retrace it Remember we went through if you remember I'll do this for you folks here that haven't seen this before because we do it on There's the cycle all I'm gonna do now is I'm going to put in the moon phases and then you feel follow me along here Just over thing when you see this move right here see that follow the cross here when you see us Open circle. That's a full moon when you see it red circle. It's a new model Look look how close they are folks to within one day of the higher low I mean, it's just it's just truly amazing now All you have to do is you you want to get to a place where look at this how it makes a higher high Right over a new moon. Look what we're doing today higher high over a new moon You got to look to be a seller shut the front door raise the rent go back and prove to these yourself They're gonna be within a day or two on almost all of them not all of them But almost all of them. There's a few in there. This is one here right here. See the there's your full moon right here Oh, it's actually only one day off. It's only one day off of there So that's not too far off, but there were a few in here that did and there's another they're really good I mean, I just and I there's one just three days up and then boom down again That lasts for about four or five days But by golly when it turns and you've got a number if you got a fib number there at the same time Then you've got something that you can hang your hat on and that's what you're really trying to do as you're Looking at some of these things here today now. We had another one last night that looked like it was going to be really interesting Let's get this up here and show you this is the this is the good old euro and we were looking to be a seller up here and We went up a little bit higher than what I expected it to do but not by much you'll see here There was your 382 or your There's your high today came all the way down and then all the way back up So had you done that you've been basically a break-even trade, but you've completed this small ABCD pattern I believe let's just double check here Nope, it's a little higher than that. Oh my god. It's a lot higher than that. What are you talking about? That is a huge. Oh, this is wrong just a second I can tell you right now and you'll see here See this is set at 127 and it's got to be set at that equal because that's a B equal CD There's a B equal CD measures to appear. So I'll take a look at the Maybe you're up in this area right here, but right now. I just don't have any interest in it You know that the soybean oil that we did is just doing really well but the silver's doing extremely well S&P that's okay, and then we had One other one that was a beauty, but doggone it. It was a real frustrating one Let me show you to you folks here is the Treasury bonds We got to take a break here to pay a few bills for TF and then it will be right back folks 877 927 6 6 4 8 stay tuned. We got some stuff on bonds. It's really interesting 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 at number two for the year an Amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market Newsletter mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNN all our newsletters come with a 30-day money-back guarantee So you have absolutely nothing to worry about visit TFNN.com and try mastering probability 30 days risk-free today TFNN educating investors Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter market insights your key to successful active trading Tom O'Brien Renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom Publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out market insights provides the Edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to TFNN.com And subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results market insights comes with a 30-day money-back guarantee for all new Subscribers, so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand TFNN Educating Investors 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 stats 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 comm TFNN educating investors toll free at 1-877-927-6648 internationally at 727-873-7618 Okay, folks. I posted a chart here. It's an hourly chart of The treasury bonds going back to the low that made on the 23rd of October that 107 level if you'll remember Now what I want you to see is look closely at this because over the last four or five days We've only been able to come down and almost make a 382 retracement twice The low the other day was 112 12 The low today was 112 12, so we tried it twice the 382 is 1208 We're now almost a full handle above that now There were some nice trades in here just over the last short period of time that we were watching Because look at this perfect a b cd. These are the kind of trades that we're going to be Focusing here on the 15th folks. I'm pretty excited about that I'm going to be doing a hell of a lot more trading than I am teaching but in between the teaching what I'm going to be doing is Putting these trades on today. We had three we had four trades three winners one break even and we're hoping to do that Well when we come in on the 15th, so we'll have to have to wait see but remember This is the 13th, which is the full moon. So we're gonna let's try it again. Larry. It's a new moon Anyway, we're gonna be doing that too and I you know about the astrology folks You know I I respect the heck out of it and I know what's there because I've seen the Bradley model I've gone through all this stuff before the problem is that I get down to what really determines what I do for a living And that is try to do risk control, you know, that's really all I try to do I I know a bcd's work 60% of the time yeah, but what happens when you get an a bcd like this when you got one that just goes ABC and then boom it has something like this. I mean, what do you do with that? I mean you lose that's it That's one of those that you don't go. I mean you can't do it. Here's one that doesn't quite fit Look at this one here. You got a really nice a bcd here. There's a b Right there and cd right there. Look at that and it comes within how far does it miss it by? This is 15 27 it misses it by more than $300 to me That's you can't do much with that, you know because you you you wouldn't have gotten filled up in here You would had to wait for something like this to get in it But you know, that's what we're gonna be watching is just to find some of these that Give us some of this is a nice one Now what we should be looking at here in the bonds the fact that we got to this level Okay, now if it's just correct if this is still bearish we should not get above the three eight two So we're gonna come down here and look at this. This is the high we made back on the eight Okay, we're gonna clear all of this out now. We know we've made a double bottom in here We made one here and we made one here. So this is a double bottom. So you've got a new Is that true that it made a lower low by one tick? No No, that's the low one twelve twelve. So that means we've got we made a fifty percent retracement now on this one Will it make a three eight two off of that? So we want to be putting that in right here So there's your key to be watching the Treasury bonds right there folks 113 16 right there see that's the three eight two off of this move right up here So this is this is how you control your risk the best you can all right now If you look at that look at it closely from your high right here to your low right there. I'm gonna see the line coming in Where is it at? Hold on stop the music right there the Three eight two is right here. Okay, the seventy eight percent level is right there. So you're looking at 1313 16 and a half your seven eight six is one thirteen twenty one. So that's six pips 300 and 180 bucks that means if you get this thing above 113 22 Okay, that would be another six ten ticks off of that something's wrong So if you get above this seventy eight percent level and this is doesn't hold it That means that this thing is good to have legs and why? Because both of these lows were almost exactly point three eight two and if we look at this On the daily basis there four hour four hour will be good enough. Look at this I mean this is really amazing all the little bit of a pullback we've had here because there's our big low right down here You're going to see that three eight two again. I'm going to draw it in so you'll be able to see it There it is. You see how it misses it by just a hair's breath Goes back takes out the lows here by just a little bit held right here This has got a possibility of doing it because if you look at this on the daily remember This is where we're shooting for our big three eight two is up here This is one seventeen fifteen because there's your potential three eight two right here, correct Here's one that failed. You see that three eight two had that didn't take you along to take your loss So that's what we're that's what we're watching here The reason why folks is right here. You see this weekly that we did There's the one three five pattern. Let's get this up here. I love trading bonds It was mark's favorite and I still love them too, but there was our low We were expecting it to get one seventeen oh five the low was one seventeen oh four Now we're at one on seventeen one oh seven Oh four and here we are up here at one thirteen oh four and what we're watching here is we could easily Remember this is a really long-term bear market and we've hadn't had a real good rally We could easily look at something like this in the bonds Let's just get this out of the way so you can see it again You could match that swing right there and that's going to take you up to 123 That's 10,000 American dollars from where we are now folks now That's not going to happen overnight, but it's a possibility and not only that That's still a really bear market Really? So what we do is we blow this up here And go back and look at something way back here that might tell us that this level right here would be an Important 3a2 my first spot would be right here where the market really broke down from right there So I would look at that and there it is Well that that comes in 126 wow 127 so let's go back even farther to the big high right back here And oh we've got someone from the classroom is ringing the bell Hold on one second and give me one second to get over here and see what's done And we got Michael from Niagara Falls Michael. What can I help you with my friend? Yeah, hi, I'm sitting in the last row of your lecture hall And I was wondering if you could look at the XAU XAU you bet you that's something to do with gold. I know that from the old chemical Yeah, and I just wondering what's your gut feeling we're going to have a end of your tax law selling dump We already had that September 2022 lows of 90 Or do you think we start moving up now? I think we're going to start moving up. I can't get the XAU up for some reason I don't get that data. So it's not a big deal, but the gold I can show you and that's what it is So let's get the gold up here shouldn't be any trouble. Hopefully if I can find the darn thing It's with all the other things The equities lead the bullion Okay, bubba. Hey normally it does So Mike how about the gdx? No, no, I let gdx gdx I can do but I don't I don't think always lead the bullion Always is not a good word for trading bubba. Let me tell you that right now. It's maybe not always. Okay All right, here's where we are right now This is a perfect buy signal if you want to buy gdx gold miners right now. There it is There's a perfect garly pattern right there today. That's why we bought silver And the gold we bought silver instead of gold, but there it is right there Perfect abcd. We should have a rally and if it's a really good one and if it's a really good rally We could get it all the way up here at around 30 around 10 higher Hope that helps buddy. Is that okay? Uh, that's it. It's a three dollar move. That's it Well, three dollars is 10 10 of gold would be 200 Uh, oh ab equal cdi and it's okay. Yes, sir. Thank you. All right, buddy. Thanks a lot. Yaxi mash dub j Thank you, Mike. We'll be right back folks eight seven seven ninety seven six six four eight state news 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 xa u 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 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 tfnn has just launched their new trading room the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the tiger's den available to all tigers and tiger's for just one dollar for the year There's no cash or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tiger's as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com 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 I'm with jeff huge of alpha insights jeff. How are you doing? I'm great larry. How are you? I'm laughing jeff because You were talking here about the government shutdown november 17th and this morning real early It was about three thirty or four o'clock. I turned on bloomberg And I saw where woody's had sent a a warning risk to triple a credit. I misread it. It was moody's not woody's I thought maybe woody or woody harrelson had become a uh, you know a market analyst or something So when I saw this this morning, it reminded me of when I was laughing to myself this morning I said, oh my god, I must be getting old to think that woody harrelson. We were doing anything What do you think is going to happen on a government shutdown? Are they going to fix this thing? They've always fixed it in the past, haven't they? Yeah, you know, um, they got arrived at a budget accord and I think they're basically dealing with the exact same set of problems That they were dealing with uh, you know, 45 days ago when they had a different speaker of the house Now they get a different guy who's in charge But it's the same people in congress and they can't they can't agree on the uh, the color of uh, dog poop for all practical purposes So, um, you know, I I don't see this Getting resolved permanently but possibly a a kicking the can down the road until january could be accomplished If it's not accomplished, I think that moody's credit watch Change to negative will be a downgrade next week. Uh, if they're not able to put it together Yeah Folks, one of the reasons why I asked jeff to come on today because he follows, uh, you know, these overbought oversold indicators And I have a very dear friend over in the uk who's An incredible stock trader and he is very very nervous about us stocks because of the fact that there's more call-buying now Then he's ever seen and he's been doing this a long time. Are you seeing the same thing jeff? Exactly what i'm seeing. Um, you know total notional call volume It the highest level since the july 27th market top Which was the highest level ever, okay prior to that it was a big spike After and vidya announced that they had uh, oh, yeah Eat their revenue expectations and raise guidance because their new ai chip And that got everybody very very excited, but you know, there really isn't anything new or Fundamentally that's changed Uh, we just basically have a lot of people that are very very excited about the stock market right now Everybody's bought into the idea of a year-end rally and and i'm not discounting it entirely I just think it's too early to buy into that, but you know, it looks like uh, call buyers are all in with a risk on approach Well, I uh, I don't know much about puts and calls But I know is when you get too many people on one side of the market That's not a good thing the only way is up the only way is down i've been there before That's for sure now let's we've had this tremendous rally since the 27th of october And you've got a really great thing on uh survey optimism and stuff What what are you seeing here jeff with these green and red lines bars? Yeah, so um the aaii is the american association of individual investors They do a survey of investor sentiment every wednesday and they publish the results And so the last published result was last wednesday Where they saw a dramatic spike up in uh bulls basically those investors that they surveyed that describe themselves as bullish Jumped from 24 to 42 And those that describe themselves as bearish fell from 50 percent to 27 percent Now here's the really interesting thing if you subtract the bears from the bulls We are now at about 15 and a half percent That's jumped from negative 25 percent so we basically seen a 40 percent move to the upside in net bullish Opinion out there and that is extremely rare when that happens and uh usually coincides with a market top of at least You know, you know some small degree, but oftentimes at a major turning point Wow, that's really incredible how you do all the statistics You're a magician at this what you bring to us because you just don't see it In the news too much now you talk about this a broad market top From 11 8 21 that uh very interesting top as i recall Two years ago Last week basically the broad market top We saw the value line geometric index top on that date We saw the russell 2000 top on that date and we saw a number of other indexes top right around that time Including the nasdaq which i think topped on the 21st of uh november uh two years ago And so, you know, this is the performance we've seen over the subsequent two years and what we're looking at is banks are down 44 Retails down 38 percent the russell 2000s down 28 percent the value lines down 25 percent Small caps are down 24 percent mid caps are down 16 the equal way s and p 500 That's down 13 percent The russell 3000 which is the most investable index is down seven The s and p cap rate index is down six percent and even the nasdaq 100 is down five percent The only thing that's up is one to three month p bills which are up five and a half percent over that two year period So clearly cash has been king Over this period the question is what what will work going forward and we do not believe that this bear market is over We think that there's at least one more leg to the dow side possibly several Now it certainly looks a little scary. That's for sure jeff. What do you think is wrong with the russell? I looked at the charts over the weekend and I literally when I saw the russell chart I I said this can't be true. I said we just had a 900 point rally in the dow jones and the russell went down I mean when when have you ever seen that? Well, what happens is all these companies are very very leverage They've got a lot of debt on their balance sheet and interest rates Especially for low quality borrowers have moved up dramatically and so it's really reflective of uh, you know poor poor balance sheets Uh, okay. So it's related to debt too. In other words, uh Because I know that a lot of those russell things are aren't there's a lot of those oil companies are in that russell Aren't they that that borrow a lot of money read? Small cap oil, uh financials a lot of small banks Wow, that's uh, that's truly uh, truly amazing I think the most amazing statistic to me is the fact that I've been following an apple which I've never traded the stock I bought a call in at once and uh, it was one of the few times the earnings went the other way But but anyway the reason why is that the apple hit the exact 61 percent retracement friday at 186 46 I happened to be doing the show when it was happening at that time And I said that should be the high in apple and with the market going back and making new high Higher highs last night and today apple is still down a buck and a half So that as long as that doesn't get above 160 186 I still think we got a chance for some type of correction coming in this market It might only be two or three days But it could be a doozy Well, um, since you mentioned it, um, you know, we are actually calling for a market top today And we did make a slight new high both in the futures and the cash index. Sure did this is a friday sigh Uh, friday's close was 44 15 and change We had been calling for a 61 percent retracement of the decline off the july 27th high And uh, you know, we got it that was 44 15 And the reason that we've been saying saying that is because the cycle composite has been, uh, spot on in terms of You know, marking the turning point in the 500 jeff we got to pay a few bills. Could you stay with us one more segment? Sure, absolutely. If you're right back vote jeff huge alpha inside stay with us folks 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 tfnn.com educating investors Are you ready to take your trading to the next level? Introducing tom o'brien's award-winning newsletter market insights your key to successful active trading tom o'brien renowned for his expertise in the financial markets Has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with 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 o'brien's award-winning newsletter market insights firsthand tfnn educating investors Biotech is booming But for how long whether you think the biotech bull has room to run or has run its course trade labu or labd Directions daily s and p biotech three times bull and bear etfs Visit direction investments.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 attain 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 Give her back folks speaking with jeff huge alpha insights and you're talking about this Elliott wave count and you you really believe we're going to take out the lows of october the 27th jeff I do um in fact, um, we're looking at two different counts. We've got a preferred count, which i'm showing Which lines up really well with this cycle composite that i was just mentioning and we put some vertical red dash lines in there And those are marked the montgomery cycle turn dates, which have also been very very specific Lining up with that cycle composite count as well. And you can see that, you know, the the uh, October 14th was actually the 17th. We got a top october 28th It's actually the 27th marked the bottom. We think november 13th today marks the next high So we should see a downturn from here if our preferred counts correct We should see a big plunge down to around, uh, 3800 or so By november 27th However, there's two weeks how it's not correct You know, there's a possibility that things could make a slightly higher low And so we put an alternate count out as well, which I can show you on the next slide Okay, wow, jeff. I've never heard you make such a startling prediction You're talking about a real break here between now and uh, Thanksgiving Yeah, I think it's possible. Okay. All right. We're to have a If if we did have a downgrade of the u.s. Debt Uh, that would be, you know, something that would would aid that process. No doubt about it And uh, that would come if they're not able to come up with a budget accord here now If they are if things do work out a little bit better than planned then perhaps What we're seeing today is just, you know, the the peak of of wave a of an abc Corrective waveform and the down trend will be a plunge as well, but it won't quite take out the october 27th Low it'll be a higher low But also bottoming around november 27th and then a potential year-end rally To around say 4500 on the as it be, which is the 78.6% retracement of the decline off the uh, July high Oh, that'd be the last get out of dodge place you want to get in and boy if it's january and uh, january's turning turning points for a lot of Different years in the stock market. That's for sure. I guess it's from planning or whatever it happens to be Okay, now I believe uh, I think is that the main one that let's talk about your wonderful letter folks Let me give you a little uh, little heads up here. He writes a newsletter. I think it's 12 dollars a month It's one of the best if not the best letter, of course after mine. I was a joke Anyway, you're the statistics that you cover and the way that you do it. Jeff is just phenomenal It's worth every single penny. So uh, tell the folks how they can get it Yeah, you know sign up at huge insights.substack.com. We publish the first saturday of every month We we put in a little creative writing flair this last month We talked about the economic dial-up density Where we use kind of the uh, anti chythera a mechanism as kind of an analog for Cycle prediction and this was something that began back in the second century bc Kind of a takeoff of the recent indiana jones movie. They're an indiana jones fan but you know, we go through a lot of top-down macro stuff and You know, the big influence is the market and then we go through our market Forecast and we also talk about geopolitics quite a bit and the influence of geopolitics on the markets as well And so a lot of people like that section specifically because we hit on very current events and try and stay You know very objective in the analysis, but in the very end We give you some very specific ideas to invest in and uh, you know, uh, our ideas tend to pay off So um people that subscribe to our newsletter, you can you can pay $25 a month or $150 for the year. That's like 12 and a half dollars a month if you You get 50 off if you subscribe for the year, but um, you know, we've got I think almost a thousand paid subscribers now and 6 000 people to get the free version So it's a pretty popular newsletter and uh, I get a lot of positive back from our readers You should should for sure. I have the quick story about indiana jones 1981 my kids were 12 and 13 and they wanted to go to hollywood to see it So I looked at the thing and uh, I forget the two guys at the very famous guys that were given the reviews and they Panned it. They said this is this isn't going nowhere. And so I said, okay I'll take you down to her and they're two little buddies So they took four little girls and I drove them down to hollywood and we get there to grumman's theater Jeff it went around the block three times To get to the movie. That's how that's how popular it was. I said, oh god that these gave her bomb And I saw the movie and I really I've been a big fan of his ever since because uh, harrison. I are the same age 39 Hey, listen, thanks for joining us, buddy But we'll have you on and I'll tell you what if you're right about this Thanksgiving thing, uh, I will I will do a special program. I'll give you an extra five minutes the next time we Get you on the air, but that's one hell of a prediction pal I could see it happening. We'll see some type of a Larry I'll take you up on that extra five minutes You bet but boy that that would really I you know some people have given me some big predictions in the past That would be one of the biggest But that's going to take an outlier event to get it down there But it's certainly possible because what goes up can also come down very very quickly So thanks for joining us my friend. I I really do appreciate it My pleasure You bet Jeff huge alpha insights folks a great monthly newsletter I think I have all of his information lined up here. So you'll be able to see it His website is jweinvestment.com Twitter, you know, I don't even have a twitter account myself at alpha Underslash insights and then sub stack don't have that either huge insights at sub stack.com So it's got some great information in there as you all know because we have him on every two weeks And he's been pretty doggone good at what he's looking at. Okay. Now. Let's get back to the markets here Come on up here. We'll get another chart up So we'll be able to see it and talk a little bit or more about what we're Seeing here in the markets get this window up and put the screen in And then we're ready to go here. I wanted to cover one other market as we'll get up here You see this is the uh, this is the uh number we were looking at up here in the crude oil It's backed off about 50 points. No big deal is doing nothing Well doing something it went down a little bit. That's a good sign if you did that you'd be a break even that's for sure You don't have to risk anything now Okay, let's take a look here at this stop and uh, oh look at this. Oh, you got to love this Let's share it with the folks here. Look at this now. We're up here on the doggone silver starting to move Shaking and bacon. Let's get it up on a little late minute And there's where our bottom was right down there the buy was right there And there it is right now. So that's moving really good. And so let's hopefully That'll continue working in our direction because this is folks a flat out Bonafide bacon any way you want to Gartley pattern. There's your low. There's your 61 percent retracement. There's your abcd to the downside In fact, it's a double abcd If you look at it real closely and we will there's your first one abcd and then you have another one abcd And if you take that out what you would be able to see is you'd be able to see a very nice One two three one two three Three drive to a bottom pattern right in here But there's the one I wanted you to see if that doesn't popped up yet There's your ab leg right there And this would have went a little bit lower But this is the member mathematics per feet proceeds geometry. This is the kind of trade I hope we get on Hope of what a terrible what a terrible trading word that is but anyway, we're going to be looking for something like this on 15th, okay. Hey, let's take a break eight seven seven nine two seven six six four eight If you're looking for potential trading setups in the stock market Then rocket equities and options report is a newsletter. You should try Tommy O'Brien 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 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 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 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 Tfnn has launched the tiger's den hosted at discord Tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The tiger's den available to all tigers and tigers for just one dollar for the year 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 then hit watch tiger tv. That's tfnn.com then hit watch tiger tv Okay, folks. I have uh november 13th story Back in the old days of uh, Drexel burnham lambair and uh, I I was uh, it was hollywood uh, gold cup day. It was a sunday And uh, we had our usual table of eight uh seats all filled up There was one empty seat and we had some movie stars there. I'm not going to name job except vince edwards who my buddy Uh was there and we were chit chatting. We were waiting for the mother people come in and he says to me He's a larry. He's looking over rubens Ruben was a mater d and he was trying to can tell this guy this tall good-looking guy That uh, they didn't have any more seats. He kept shaking his head and he said do you recognize him? I said my god. I said the only one person the only person that's more popular Him is the one that hangs on the cross over the catholic church. It was paul horning Of the green bay packers and I went over to ruben and I said ruben I introduced myself to him. I said we got some friends over here that would like to meet you I said they're out of work doctors. I said but you're going to enjoy the day. He said he sounds great So he came over and of course vince edwards was a big fan of him and they became very good friends But we had a really wonderful time that day and it was in november the 13th And that happened to be the date that paul horning passed away three years ago in his hometown of louisville, kentucky He was a really nice guy folks he didn't have a Proud bone in his body. That was one humble human being Let's get back to this bean oil trade that we were looking at here Talking about some of the stuff we're going to be talking about you see this big run up right here Whenever you see this watch for a 382 retracement folks This doesn't even come close, but when you do get it, uh, this would it that would have been here This was about uh, what's only 10 pips off that you can see now But now you're objecting we're up a thousand dollars on this folks with another Another thousand to go so just keep your stop at break even release lock in a grand here That's what you want to do. Okay. Let's take a break. We'll see you tomorrow Live every day in an attitude of gratitude. May god bless