 The following is a presentation of TFNN. Trade What You See With Larry Pezzavento Toll Free at 1-877-927-6648 Or Internationally at 727-873-7618 Now, Larry Pezzavento Okay, looking good, Billy Ray, feeling good, Lewis. I'd like to announce I'm going to have a new Twitter service. It starts on Monday. I made an arrangement with some of my friends in Washington, DC that we will get the tweets coming from President Trump five minutes early. So if you're interested in joining that, please send cash. Don't send credit cards. Anyway, boys and girls, it looks like we have a tweeting type world today. I would like to give you my two cents worth of what I think is happening here. You'll remember that 2935, 2940, how important that was. We've now broken 35 handles. The key number to watch today, from my perspective, is 2916 in the S&P and 7685 in the NASDAQ. If we don't get any higher than that in the next three or four hours, we are going down and we are going down big time next week. So let's keep a close eye on those numbers. With the next tweet, we could be at 2960. You just never know. Okay, let's move on to one of the things that we've been watching for quite some time, which is the DAX. You'll notice that blue line has really held the market. It just doesn't want to get above that level. I don't know if it has anything to do with the tariffs or anything like that. It's just a major resistance line. Now, if we take a look at the FTSE, you'll get up here and you'll see that this even looks even bearish. It's in a really strong downtrend and it really looks like you got a chance to have a rally here, but frankly, it doesn't look like it this morning. But that's what we're watching. Now, the pound has had a pretty good rally yesterday. We got up to that 12280 level. We backed off right to the 38% level last night at 122. We're up about 30 pips from that level, so it's holding up okay. So the one, the key to watch will be the Euro. I will cover the Euro in the very, very shortly, but I did want to talk a little bit about the German bond because it was in the news yesterday. They had that $30 billion offering and only $879 million was subscribed, but the bonds didn't drop very much. You see, they gap down a little bit and haven't really moved very much from that level. That market's been very, very strong, especially here in the United States, of course. We've had dropping open interest as prices went up in notes and bonds, which is usually bearish, but right now they're having it still down on the day, but had a pretty good rally off the bottom. We rallied about a full point in the bonds after the news of the tariffs thing coming out. I have no idea about the tariffs, folks. I was going to have Rich Anderson on today, but unfortunately, one of his neighbors passed away unexpectedly and he's going to be working with the family, so we'll get him on again. I wanted to mention one other thing that looks interesting that we got from Dennis Gartman and he has some really great information. Dennis and I are about the same age and we've been around for a long time. He's quite famous, but let's take a look here what he's talking about. This comes from the firms of the FINA and the NYSE. It just shows you the margin. Remember, this is a long-term, folks. This goes back quite a few years. You can see when margin debt gets expanded, it's near the tops. Whether that means anything or not, I don't know, but he's bringing that to your attention because it is unbalanced. The margin is usually ahead of the market, so whether this is true or not, we'll have to wait and see. But that key level of $29.40 was very, very important in the S&P and we came off of it very, very fast, so those are my key things to look at. Just remember those numbers that I'm looking at, $29.16 in the S&P, $76.85 in the NASDAQ. Those are key numbers. They're game changers and if we don't get above those numbers in a few hours and we head down, we're going to be looking at something pretty nasty. This is technically talking, folks. I don't know anything about the fundamentals or the tweets or anything like that. Folks, I was joking about the Twitter account. Please understand I was joking. I was trying to make a little bit of levity here on Friday. I'm not a Twitter person and I shan't be. I don't do social media and social media doesn't do me either, so let's look at what's going on next here. Let's talk just a little bit about one of the markets that we've been following very, very closely here for you folks. We've been fortunate to be able to get short the crude oil up at that really key level of 57 and change. We now broke badly. Let me get this chart up here so we can see it and where is it? I just put it here. Oh, dear, dear, here we go. Here we go. Get it up here right now. There we go. Get it up here. Yeah. Oh, yeah. We've had one subscriber already, Jim. Anyway, let's hold on here. This is the crude oil. We missed the 61% retracement by about 15 pips. We've only rallied about 75 pips off that, but we did complete a perfect ABCD down there and that was the price objective. You'll notice that the top of the page there that we were talking about there, this was yesterday, as a matter of fact. The day before yesterday, when we were completing that ABCD pattern there at 57, that's the one that really gave you a really, really low-risk entry point and now you're almost $4 under that and that's a pretty hefty figure. That's equivalent to 80 S&P points and this thing moves around really fast. This is key support. Anything below 53 now in the crude oil and it's got real serious problems. This is one of the ones that worked pretty good. Let's also talk just a little bit. By the way, if you have any questions, it's 877-927-6648. That's what you'd like to be calling. Let's take a quick look here at the euro. This is the one that we're really following because of what's going on in the US dollar and everything. There's a possibility here that we could get to par at, excuse me, 110, not par. Par is one. At 110 here, if we break down to this move, there's an ABCD there level. We're trading around 110. 60 right now. It's a Friday. The euro has not turned yet, but it's really trying to turn, folks. It's really trying to make a difference. Let me show you my interpretation of this and here again, this is all technical stuff. So just bear with me here. Here's where we were in the US dollar index on last Friday. We were up there at that 98 level. Now, let's take a quick look. I did this this morning, so I hopefully that we have it. Oh, shucks. I'm going to have to do it at the break because I don't have it right now. Boy, oh boy. Why put these in here? And you think I know where they are, but by golly, they just keep disappearing on me. I'm going to take a look at the front door and raise the rent. Okay, let's move on here. I will bring it up at the break to take a look at it to the main thing that we want to watch. Let's move on to another one that... Well, we've got a break coming up. Then I'm going to post the dollar index for you and then we need to talk about natural gas because we're getting really close to natural gas, folks. Whether that means much or not, I don't know, but nobody else does either. That's the good part. Okay. Okay, let's see what we got here. I guess it's a break. I wish I had a clock to tell me when the exact time was. And there it is. 877-927-6648. ETFs, commodity futures, and forex. Heated by Steve Dahl, Taz understands that in today's technological world, the use of 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 Taz Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. New subscriptions also come with a 30-day money-back guarantee so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today, and you'll find the Taz 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, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. 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Details on The Tiger's Den are on the front page of tfnn.com. Whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions, 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. Okay, folks, I posted the chart of last Friday's Dollar Index followed by the update today. Folks, you can see that there's a giant battle going on here between the U.S. Dollar and the Euro. We're right at that really critical level. In fact, the U.S. Dollar is holding up much better than I thought it would be given to the fact that the Euro traded below, you know, one 1070. We're trading a one 1066 here right now, but this is a really key level here in the Dollar Index. Remember, this is all technical. It has nothing to do with fundamentals because it's a little beyond my pay grade. But if you look at here, this could be a possible double top up in here. We've made a 78% retracement. It's taken us almost three weeks to do it. And at the same time, the Euro has gone down and tested several times to see if it's going to hold that level, but we'll have to wait and see. And that's what we're keeping a close eye on. So that's what we're watching here early this morning as we look at the Euro versus the U.S. Dollar. I've already posted the Euro chart to show you that if that dollar does break out to the upside, you have to be prepared for potentially to be a false breakout because there is a great deal of support at one 10 in the Euro. You just look at the ABCD patterns on the Euro on the daily. You'll see two of them measuring there. And they're also at a 1.618 expansion. All of that makes it very, very important. You notice the British pound has been one of the stronger of the currencies, which is highly unusual given the fact that their stock market is so weak. And yet it looks like maybe they have something that could be planned in Brexit. It rallied over 200 pips coming off of the bottom. Then it backed off 38%. And now we're trading at 1.2240 up about 40 pips from there. And so we'll watch that to see how it unfolds. Now the next one that we're going to do, and this will be the last one that I show for trading folks because I keep these for the 24 seven subscribers for TFNN, those that support Tom and myself and everybody else. It's very, very important. But since we've been talking about this one for quite some time, I want to bring it to your attention because we have a really interesting pattern coming here due very, very shortly here in this natural gas. I'll get it up here so that you can see it here. Yes, I'll have Jerome Powell be my guest at the break. I just called Jackson Hole and he'll be our guest on the last half hour of the program. So if you have any questions for the Federal Reserve Chairman, please give us a call in here. But he's due to call in. Guys, I hope he can find an open line there. He said he was going to try. Anyway, take a look here at the natural gas folks. This is a 15 minute chart. It goes back over the last two weeks so you get some really nice patterns. You can see the ABCD at the top up there at 227. And if you did this on an hourly basis, and that's what your homework is today, see why the 227 was so important. And you'll be very, very surprised to see it was also one of those perfect ratios, perfect ABCD. And that's why you want to watch it very closely. But look at the price down here at 210. We're now trading at roughly 212, I believe. I think I saw a trade there just a little while ago. I'm not sure. So we're getting very, very close. I think this would be set up for Monday most possibly. But at 210, you would be a buyer at 208. You take your $200 loss and move on. So that's got double ABCD patterns there. You can see them very clearly. The last one was a BC swing, which is 382 retracement. The larger ABCD, from August the 15th to where we are now, 10 days later, measures there at 210 also. But remember, these patterns do fail. Oh, I just got news from Jackson Hole, Wyoming, that he's been invited to a brunch. And so he's not going to be able to be on our show this morning. But he apologizes. And he said that he will try to be on the next time he's in the hole there at Jackson Hole. I don't know if you folks have ever been there, but that is a really beautiful place. I actually like Montana better than I like Wyoming, but it's pretty cool. Anyway, if you ever Google it, you'll see that there's buffalo and moose and all kinds of stuff running around the prairie just like the old days up in there. So it's really pretty nice. OK, yeah, it's the old Badlands. You're absolutely right. As a matter of fact, I was watching an old movie last night called The Badlands with Alan Ladd. And it was filmed here in Tucson, Arizona at the old Tucson studios. It still operate as an amusement park, but they don't film any music, any movies there anymore. Many of John Wayne's pictures Rio Grande and that one with Dean Martin, El Dorado, those were filmed here in Tucson. But it's just now an amusement park. OK, let's move on. I've covered the crude oil. That has just completed now. We have really strong support at that $53 a barrel in crude. If crude goes below $53 a barrel, folks, I, you know, it's got a chance to go a whole lot lower. Remember, one of the reasons that we were looking at crude oil from the berry side is the daily chart. You see that 135 pattern that we had there? You're in a downtrend. Remember, 77 was the high on the weekly chart. We went from 77 to 42 with basically, you know, no help at all from the bulls. And then we rallied back and now we've had this move. We could easily be looking to go back to 43 again. I mean, this, you know, it's been there before. It was back there in 2017. It was there in 2018 and it might be there in 2019. You don't know if these deflationary forces pull up because of these tariffs. I mean, you could you could look at a lot of, a lot of things making it go a lot worse here. OK, yes, Gator. I know he apologized for not being able to be on. But what can you do? He's the chairman of the Federal Reserve and, you know, we were fortunate enough to have Alan Greenspan on once. And also we had Ben Bernanke on a couple of times. Of course, that's in my imagination. But, you know, I don't know if they'd be able to tell us anything because all we're looking at is a little numbers on the charts. We're looking at little tiny, little scratch marks called a bar chart. That's what means the most folks. If prices are going up, there's more buyers. If prices are going up, there's more sellers. That's the main thing that you want to, you know, keep a close eye on here. So those are some of the things that we want to show. One other chart that's real interesting here in the E-mini S&P verifying the importance of that resistance. This comes from our friend Mike up in Canada. And you'll notice that it's been in a downtrend. You'll notice that area of that 2940, that 61% retracement. It hit it four times. And, of course, now we went down, and we went down below 2905 for a bit there. So it does say that that is a very, very strong resistance. That's why the chart that I just posted there from Mike is why it is so various folks. Because we had the big drop into August 5th. Then we had the 10-day rally. Actually, two weeks. It'll be three weeks. Yeah, three weeks. We had a three-week rally. We're stopping at the 78% level four times. Folks, we've seen this happen so many times. You have to start believing in these numbers. I mean, maybe they work, maybe they don't. But if we close below 2,900 a day, you're going to be looking at something around 2,500 in the S&P sometime in early September, around the 8th, 1215. Somewhere around that ballpark is my guess. And that's what we're looking at. 877-927-6648. Keep those cards and letters coming in. That's what we're looking at. 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, six 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. 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 front page of TFNN.com under Trading Newsletters. The path of least resistance is David White's daily trading newsletter. And if you're looking for active trading ideas, then now's 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 Lease 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 Lease Resistance, with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently, and to see the type of newsletter he delivers every morning, then visit the front page of TFNN, and you'll find The Path of Lease 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 Chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, 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 guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Chart 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. 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 the Trade Charts today by visiting TFNN.com. Okay, we're back, folks. Let's take a quick look here at the Treasury notes on a long-term basis. You can see it made a 1.27 expansion and a 78% retracement. But the one we were watching, of course, last week, which was the one where we had that 5-point reverse wave. We'll put that up here so you can see it. This just was the day of the full moon on the 15th, coming really close to that time, too. It was a 1, 2, 3, 4, 5 expanding triangle. We broke 1.63 to the downside today. We rallied a full point when the news came out about the tariffs. So that's going to be very interesting. But that should be a significant top here in the bonds. But remember, there's only three days down, so that really doesn't mean anything. The bond bulls have no reason to be afraid. I think the most important... Yes, Marshall, I'll cover the copper in just one second. But there's no reason for the bulls to feel any different in the Treasury bonds with the exception of what happened in Germany. The fact that that German bond offering was undersubscribed by 30 to 1, that's a huge amount. Let's take a quick look here at Dr. Copper for Mr. Marshall. Get this up here and take a quick... See, copper, I don't know why they do it that way, but that's it. Let's get it. Here we are. Well, you know, we actually hold in the bottom okay. We went below the 78% level, so frankly, I'd have to give this a pass, Marshall. Well, it is... Well, just a minute here, just a second here. This little thing's a little sensitive this morning. Oh, dear, what happened here? Give me a second, folks. I don't know what's happening to the old computer, but, oh, dear. Why does it do this to me? This is the best I can do. I'm not going to try to... Oh, man. You know, all of my frustrations in this business comes from the darn computer, so I don't know. Let's get it up here. You can see this is close as I can get, folks. I'm sorry. But you'll notice the old low we had down here was at 253. The low we had today was 253. We're trading 255. If you wanted to see, that's a double bottom. That's up to you. But frankly, on a Friday, I wouldn't touch it. I really wouldn't. I'd just say, hey, let's move on and play another game because it's just... It's a low risk, but that's a risk. I don't think you need to take because you only have... You're only banking on two things. One is that expansion is going to be no longer than... No, bigger than 1.618 at 253, and there's a double bottom. But you're at 255 now. That's $500. You want to take that risk? I don't think it's worth it, but that's just my two cents worth. Okay, let's move on here. Let's have a little fun this morning, folks, since we have the old Federal Reserve out there doing their things with whatever that place is. Let's get this up here. And I want to bring up here. We'll take a look. This is one of the reasons why... I don't know if it's going to happen or not, but let me post the AI thing for the S&P here today. Well, you can see here... Watch 11 o'clock, folks. If we don't get any higher than 2920 or something like that by 11 o'clock, this market is really in bad shape, and it's going to go down a whole lot. So remember, this is only experimental, but it does have some pretty good things that make you want to see that they're working okay. If we take a look at this on a little bit longer timeframe, let's just get this up here so we can see it. We talked about this earlier this morning. We're going to talk about it now. The fact that we hit that level so many times, it's very important, technically. Hold on one second. You notice that we hit the 61% retracement on August the 8th. We hit it again on the 13th. We hit it again on the 19th. We hit it again on the 21st. We hit it on the 22nd. We hit it on the 23rd. We hit it six times, folks. That's what they call resistance. We took out yesterday's low at 2905. We got down to 2904, 2902.5 today. That's telling you that there's something not right. This has nothing to do with fundamentals. This is just looking at the chart. He could come out with a tweet saying, hey, we just finished the old Chinese deal and this thing could be trading at 3,000. That's why you have to protect yourself above 2,950 because if it gets there, we could easily see a price of that level. The fact is, if you just look at this, well, let's get this up here on the day. Well, I don't want to do that one because that's a little bit too much here to take a look at. Hold on one second here. I've got one other question that someone's asking me about and if you'll give me a minute, I will bring it up here for you. We're getting this crude oil moving. This is what I like to see. Okay, I covered the answer in copper, so we'll see. I wanted to talk a little bit about the Japanese yen because it's in that same area. We're down in an area where it hasn't really moved very much, which is relatively unusual given the fact that the U.S. dollar has done and so it could easily come out of here almost like a double bottom from where we were just a few weeks ago. So those are ones that we're looking. Folks, if you have any questions, it's 877-927-6648 and I will be able to look at that. David, I thought that that was a quote by Henry Ford. You know better than I do, but I did like Vince Lombardi, that's for sure. Okay, move on here, the VIX index because we did talk about this. This could also be indicative of what's happening in the market here. Hold on one second here. You'll see that we did get down just below 16 level with the market weakening this morning. It will probably be above that 17 level in the VIX, but it's still, we have increased volatility coming everywhere, folks, so get used to it. It's not going to be, it's just going to be pretty wild. That's the main thing to take a look at. All right. The live hogs, I think we covered the live hogs. I think I did. Did I? I think I did. I hope I did. I thought I would. I think I can. I think I can. I like fried eggs and spam. Let's move up here. No, that's not what I wanted to show you. Just a second here. Oh, Bitcoin. There was an answer to the other question. Hold on, here's the Bitcoin. And remember, we have gold and Bitcoin look pretty much the same as far as the charts. I don't think you have anything to do with each other, but you notice we've had higher bottoms now. Since the 15th of August, we've had four of them, including the one today. It's very important that Bitcoin stays above 9600 because going below 9600 sets up an ABCD structure all the way back to 8000. And that, in fact, it's a lot longer. It could be down to 7200. So it's important that we stay above 9600 in the Bitcoin and whether that's the case or not, we'll be able to see. The gold is having a nice run here. 1516, it's been following along really nicely. Let's just take a quick look here at the old gold and we will, where are you gold? Where are you gold? Gold, gold, gold, gold. Here we go. Let's get it up here so we can take a quick look at it here. And we'll be able to see it pretty easy here because this would be the time where there we go. Let's get the old gold up so you folks can take a look at it and we'll see where we are here. We're almost up in this area here. We've got about another 20 minutes in the gold and it should start down. Whether that's going to be the case or not, I don't know but it's going to be interesting, that's for sure. 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 costs in the Tax Opportunity Zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. 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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 Binary Option Hour Next on TFNN Okay folks we're going to do something a little different here to fill up some time that might be interesting to you as an experiment. You know I work on this stuff with the computers and with the artificial intelligence neural networks and we have something extremely unusual today folks. We have seven different commodities that are signaling a time of 10 o'clock that's in 18 minutes. So watch the action at 10 o'clock. I don't know if there's a report coming out or not but I see the same thing in crude oil. I see the same thing in gold. I see the same thing in the E-mini S&P. I see the same thing in the Euro. I see the same thing in treasury bonds and the same thing in the British pound. I mean there's six of them right there that all have the exact same time at 10 o'clock and that usually means a turn of some kind. If it's going up it goes down. If it's going down it goes up. But watch it. Maybe it works. Maybe it doesn't. But keep an eye on that because it's very unusual that you see all six of them signaling that 10 o'clock is the very, very important timeframe. So that's what we're keeping an eye on this morning. So whether that means much or not, I don't know. But let's take a look at the transportation index on the weekly chart. Folks this is one of the reasons for the long-term bearishness. We topped in 2018 in the transportation index. If you're looking at transportation index and transportation index, transportation in October broke down to the 61% retracement there on December the 26th. From there we rallied up to the 78% level just spot on. That completed the perfect head and shoulders pattern. And that is perfect if you look at the left shoulder and the right shoulder, the time between the shoulder and the head is exactly equal between the head the lower tops coming in and we did make a lower low this week and I think we're going to be going a lot lower before it is all over because this is a very negative chart pattern. We would have to get the transportation above 10,900 in order to invalidate this pattern because it is, you could write a textbook, well H. M. Garley did write a textbook about that. So that's one of the ones that makes us look at this thing as very, very bearish. The other one that is quite bearish that involves us all which is the money and that is the banking index and as you can see here the same thing, the banking index last week hit the 61% retracement spot on. We've been rallying all week. I haven't updated it. I don't think we've taken out that low yet. I don't think we should have anyway but that's important because if we take out that low then you're looking at something a little bit different but here again the banking index topped well over a year and a half ago folks so that is telling you that the market is a market of stocks and that's what's happening. You're seeing rollovers in different things so pay close attention. Let's get back to the golden silver for just a little bit. The silver has been acting relatively well to gold. They're all popping up today. The platinum has had a nice move. We got all the way up to 869 in the platinum today but we're a little bit lower right now and the silver has acted relatively well. It has not backed off very much at all. Silver is still, well it's quite a bit under where we were last week but let's get the gold up here first take a look at it because the gold is now trading at what 1516 so it's down $7 on the week and after being down as low as 1503 three days in a row it hit 1503 so that tells you 1503 is very very important and that's a key figure now because of the fact that we took out last week's low by 10 20 cents in gold and then of course we had a big rally what we do last night we went right back to 1503 to test it and then it's rallied another $14 to the upside so it's it's giving everybody a little bit of flavor whether you want to be a buyer or seller there's no question about that but the silver is held up relatively well let's get this up here so that you can see it here equitrating by golly we're we're actually up on the week which is hardly hard to believe yeah the silver is up on the week now that's a that's a positive sign so it's held up relatively well too so it's going to be quite interesting to see if it's going to to keep that keep that dream alive for them oh the hang sing regarding the things in Hong Kong folks there are still a lot of problems over there we watched a video last night some really nasty people very very they're all young but by golly they're not very pleasant anyway we did make the big a bcd almost a perfect double bottom to october and you're considering you know this was done a month ago those things didn't start until july right after the 61 percent retracement it's been well over three weeks now but we made that 61 percent retracement at 29 000 in the hang sing and then we dropped all the way down to 24 900 and we want to see what this rally is going to bring as we as we come into this coming week we're down right now in the stock market but we could easily you know get moving to the upside so we'll we'll see how we're doing just remember those those key figures that i talked about folks 29 16 in the s and p 500 and 76 85 if we don't get any higher than that a midday and we start down on the day do not be long stocks on monday it is not going to be good um oh there we go better shut my mouth hey let's that's my opinion folks i sorry about that that's my opinion just by looking at the charts and uh it just and the reason why was it was basically that chart that mike that mike sent us from um well it's the same chart that i just sent to you on the s and p you know why it was up there for so many times i mean that's exactly what it was doing and so it's we had a bottom on august 5 we rallied for three weeks that's the most you're going to get in a bear market where did it rally to it rally to the 61 percent retracement one two three four five times what else does it want to do to you folks send you a telegram that's my opinion so we'll see also the the bradley model doesn't work all the time but it's still pulling down into early september and if it's right and if it's right and this closes below 2900 today it's not going to be pretty so keep in mind that's what we're watching and that's a big 10 for okay let's move on oh by the way i will be in london for a two-day seminar with tom hugard and dr uh david paul let me get this up here i'll put that workshop information in there for you i'm going to be sharing some really great stuff some new things that we worked on with jj mr jameson and i think it's going to be really fun to share some of that and then later on maybe next year or late late this year i'll share some of it on with my folks here at 24 7 which i plan to do also so that's another one that looks good oh someone's asking a question about the i wm folks here's another one that just like the transportation it's been screaming and screaming and screaming that it wants to go lower we made a really good bottom on friday and if we take out that 146 level in the in the russell uh that's trouble can someone tell me where the russell is trading today folks have we taken out that 146 level uh in the russell i you know i can do that myself hold on just a second here because we got a break coming up and when we get back i will show you what that thing looks like and then we will move on and let's get up this russell and then we will get this chart up so you'll be able to see it i wm is right here and uh oh no no we're far far away we're only we're for 148 and a half so we're pretty cool there as long as uh well if we go below 146 it's not going to be good hey oh look at the nasdaq bye bye eight seven seven nine two seven six six four eight i'm certain you are or strive to be one of the best 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 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sequence using the Chapman wave methodology along with other indicators basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call basil's daily trading newsletter by visiting the front page of tfnn.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to basil's newsletter the opening call today by visiting tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com hey there's mr bill just saying that al larson's moon tides hit and boy that's close within six minutes of what i'm looking at too there's nothing to do with moon tides well maybe it does i don't know but i will tell you this dr al is one of the smartest dudes i've ever met he's in the top five the two errington brothers at uh ensign is there and then we have john jamison we also have jimmy elder out there in birmingham alabama and there's a couple others that i'm sure i'm missing but uh let me tell you that guy is uh dr al is really smart and not only that he's a devil make care type good guy he's one of the really nice folks and marshal you got it and marshal robinson of course along with his lovely bride lin folks at ten o'clock is a it's it's just a timing thing based on a vibration it acts like a magnet but the fact is that they're having so many of them together is uh is what's so amazing that all of them are coming together so that means it's something that most probably looks like we're going to have a little bit of a rally here in stocks but uh just keep in mind those numbers that i gave you before are still very very important and uh 29 16 in the s and p and 76 85 in the s and the nasdaq watch those numbers uh very very closely so we'll see uh maria is saying something about 150 bp cut at this day the stock market is off 3 percent from whatever the aths is how it is that's not a panic when you get the stock market down uh a thousand points then that's a panic and we will see some time in this move the biggest move we've had down so far is 900 points folks if you multiply the 900 times 1.618 you're never going to guess we're going to have a 1500 dollar i know you are i'm just teasing you maria uh by the way maria i'm going to be in uh the uk i know you're over here now but i'll be over there giving another seminar where i first met you many how many years ago was that maria was it four it must have been four or five i guess anyway uh oh you're in france what you do lose the sales contest sorry about that dear anyway uh let's move on uh hey god bless live every day in an attitude of gratitude and may god bless