 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. I'm feeling good, Lewis. I want to wish everybody a happy Thanksgiving weekend. The old cowboy is taking his burrow out in the desert and taking a week off for the slowness of the holiday week. And we'll be back with you right at the beginning of the month, which will be December. So that'll always be a good one. Anyway, let's try to make this a good show today, folks. If you want to ask any questions, we hopefully will have Tom Hougard as our guest today, depending upon his time. It'll be on hopefully around at the break. That's what we're looking for. The first chart that I posted in here today is the German Dachshund. As you can see, it has the potential to go either way as all markets do, with the bias being a little bit to the downside, because if you remember from yesterday's charts, we did have a major ABCD butterfly pattern form up there at $13,300, and we've had a pretty good break from that level. Let's do a quick review. We understand today from the news that Ray Dalio of Double Tree Partners has put a $1 billion bet that the stock market is going to go down. I don't know if he's right or not, but if we take a look here and we review some of this stuff that we've talked about earlier in the week, because some of it has happened, and we want to pay attention to it. We had this big butterfly pattern up here at $28,000 in the Dow Jones, and we're trading about, well, several hundred handles below that right now. So that pattern could be completed. If we close below, which we're not going to today, of course, but $27,500, that would be a weekly reversal, and that would be unusual, but that probably won't happen for two reasons. One, we're into the holiday weekend almost, and the second thing is a Friday, and anything could happen. But supposedly, he put a $1 billion bet on the market. Ray Dalio did that this morning. It was on Bloomberg and CNBC that he made a $1 billion bet that stocks were going to go down. And whether that's true or not, Marshall is anybody's guess. We've seen this before from, oh my gosh, there's been so many guys. Warren Buffett is a master of doing it. George Soros, when he's in the public, which he doesn't like to be anymore. There it is. It was Bridgewater Associates. Thank you, Tommy. I thought it was DoubleTree. DoubleTree's that other guy. I can't remember his name. It doesn't make any difference. Anyway, Bridgewater is the, what you call it, is Ray Dalio. He's pretty good. He's in the top six or seven. Nothing like Jim Simons, of course, but that's neither here nor there. Let's take a look here at the New York Stock Exchange Index, because it is another one that is showing that there should have been some type of a top coming in here this week. And so far, we've had a little bit of a sell-off, but nothing to write home about. And then if we look at the NASDAQ composite, which was the big one, and it's also sold off a little. All of them have sold off based on these three drives to a top patterns and butterfly patterns that we look at. So that's neither here nor there. And of course, the last one, of course, is the Spy, the ETF, or the Cash S&P 500. And again, you see the three drives to a top pattern. Those are those really dark numerals in blue. And those are the ABCD. And then with the red swings, you see the butterfly that is formed in between. Those are very unusual patterns to see them lined up like that, ducks in a row, folks. You don't see that very, very often. That's why I think it means something. The other thing that means something, and David White has mentioned this here on the program before with me, is the fact that the program that they have for TF&N looking at these patterns, David says he's seeing many, many times, somewhere between 10 times normal patterns coming up that he ordinarily sees. These are butterflies and guardleys that are happening. And that's telling you that there must be a lot of things happening for his program to be showing so much. And the larger program that we're looking at when we look at some of these larger patterns are telling us that, yes, there might be something that is coming to this show near you in very short order. Let's take one other look. And that is another one is the Dow Jones Transportation. So this is the weekly chart. Now, if you'll notice here, this Dow transportation is topped in August of last year, folks. And we're just making a 78% retracement. Russell, oh my gosh, hold on just a second here. When you have the Dow divergence like this, this is usually indication of something very, very serious. Now, if we look at the Dow Jones utilities, this is the one that's interesting. And this is a weekly chart that goes back over the last five years. And you're also going to see the one, two, three drive to a top pattern. And then you also see that same three drive to a top pattern in the beautiful colored light purple triangles that you have there. Where you see the ABCD and the one, two, three, four, five pattern that you line up there. So that's what we're looking at coming into this week. And so far the market has been down. You know, we had a high of 3135. We're trading about 20 handles under that right now. A little more than 20 handles under that. So whether that means very much, it's really nothing is very, very no volatility at all. In order for this market to really, to really scare anybody, it's going to have to have one really bad day. And we haven't had a bad day in this thing since when was Roosevelt elected. That was in 46. Anyway, it's really something. It will watch it very, very close. We've had several questions about the news. And folks, I've really, I've really stay away from the news part. I know you can't stay away from all of it, but when you're a technician, you have to believe that what you're seeing on the charts is what's being implemented in the markets. And that's, that's, and believe me that the trouble that I get into, let's repeat that. The trouble that I get into is when I start putting my own, what do you call it, opinion into it. That's when I say, oh, this could be that or this could be that. I know you have to make a decision on some of this, but you just got to be really, really flexible and let the charts, you know, try to tell you that yes, that could be it. Because if we would have been really strong on Monday, this, all these patterns would have failed for sure. But the fact that we're down, there still could fail. And I think all it has to do now is to go up and, you know, make new highs. And you could be looking at another hundred points higher in the S&P. And that would be a thousand points higher in the Dow. So that could very easily come to fruition if, if that is the case. So remind yourself of that. One of the other questions that someone asked about is they're, they're trading too much during the day. And they said, how do I stop doing that? First of all, you should plan your trades, you know, before you put them on. Because if you do, you've got a better chance of working. You know, you've got to plan your strategy and sort of stick to it. The trades that you're losing, if you're looking, you're making a spot decision because you see something that you think is there, may or may not be there, but you think it's there. And that's what you want to be afraid of if you're looking at something like that. So pay attention to that, folks. It's something that I think is relatively important. And it should be something that, you know, you'll be able to, you know, get a handle on over a period of time here. So let's keep in mind that that's some of the things that we're watching today. And they should be good. So we'll be right back, 877-927-6648. 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. All new subscriptions also come with a 30-day money-back guarantee so you have nothing to risk. 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Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TFNN.com. Check out 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. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, we're back folks. And we're going to take a look here at the Canadian dollar first. We've had a request to take a look at it. We'll get up here and just see what's going on. All right, you can see here this is a long term weekly in the Canadian. We've been a high as 137 this year, low of around 130. And we're trading in the lower end of that range right now at 132 and change. Right now you could flip a coin and get it to go either way. But over the past year and a half, we've had higher bottoms and higher tops. So we've been in a pretty good uptrend here. So I would look for a really good spot to buy this somewhere. You know, we were looking to buy it down at that 131 level and had a really good rally there right up to the 618 to the previous high that we made back in August. That was a 61% retracement of that move. Now the next question that someone has asked us about is our good friend, the Euro, which is one of our favorite things to trade. We'll get it up here. This is on a little shorter term timeframe, folks. Let's just get this up here right now so that we'll be able to watch it. Here's where we were as we came in last Friday. We were trading at 110.52. As most of you know, we got up to just about 111. And right now we're trading at 110.52. So it's gone nowhere this week. The fact that it held that level of 110, the low was actually 109.95, that is a very, very important point to look at. But the fact that the rally was not much of a rally, but it still had some type of a rally. The next one we have is the British pound here. I want to get this up here to show us. And you'll be able to see this. This is for our friend Bob. And you'll be able to look at it here. And you'll see here that we had equal moves. Look at 2009 between December and February, how we rallied. And look what happened between August and September and October. The exact same amount of the rally, folks. That's another principle that Dr. Andrew Lowe used in his book, that these markets not only are they non-random, but they repeat with regularity. And you can see, and this is where the harmonic numbers come from, but you see that repeat over and over again. Now, this is very bullish action. Now, so far this week we've sold off a little bit. We're trading just a tad below the 129 level. So we've been here for one, two, three, four, five weeks with a very, very small correction. What I would be looking for would be a 382 retracement on this. And that would come in around 127. That's about 150 points from where we are right now. Of course, one tweet from either Boris Johnson or Jeremy Corbyn would get you there and more without any trouble at all. So watch that 127 level in the British pound because you've had a very strong move. And in fact, it's much stronger. You can see that the slope of the line this year is much stronger than the slope of the line of last year. And not only that, but it's taken, there's been virtually no correction. Or as you can see in 2019, there was much more of a correction signaling there could be a lot more. But right now, pay attention to 2700. That would be your first spot to see if it's going to be some type of a move that would at least prepare us for something pretty good. So we'll see what's going on. All right. Hopefully we're going to have Tom Huygaard here at the break, which would be nice. Now I did want to mention one other one is about the crude oil because we did something in crude oil. Very, very interesting if you like crude oil. Here is the, and of course we do. If you look at this here, you'll notice that we hit folks. You see that number 5879? That's actually off a little bit. That number should be 5869. And last night, believe it or not, this is the February crude oil, I believe, yeah. It hit exactly 5868. One tick off. It hasn't gone very much. It dropped about 40, 50 pips from there. But the fact it hit that exact number means a very, very great, it means a lot deal if you're looking at Fibonacci numbers. And of course we do look at Fibonacci numbers. So let's remember that that's very, very important in the long term of the things that we're looking at. All right, any other questions? Oh, the hogs. The hogs continue to downward spiral, folks. This doesn't look very good for the hog market. And it will look good eventually, but not right now. In fact, we've got our eye on hogs. If we make a new low, there's a really interesting pattern lighting up in the live hogs. It could bring a very, very good buying opportunity with a very, very small risk. And that's the kind that we like to see the best. Also the grains have weakened, well, not so much wheat, but the grains have weakened with the soybeans, going below where we thought they were going to. But they were telling us it was going to do that because each day was closing right on the low of the day. When it closes near the low of the day, it tells you there's more and more selling coming in to see that. Oh, Victor Sparendio. Gosh, I haven't heard that name in 100 years. Thank you, David, for putting that in. He was a really nice fellow, Victor. I met him twice over the years. But the key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making a lot more money. And boy, I can certainly tell you that this is not a business for rocket science because the rocket scientists, they try to, you ask them what time it is, they want to show you how a watch is made, and you don't need that. You need to know two things. A, how much you're going to risk. And B, do you have the ability to execute the pattern when it's wrong? Don't worry about the ones that are right because they'll pay you off. But the ones that are wrong, those are the ones that bite you in the kabuki. So pay attention to that, folks. It's going to be really interesting to see if, you know, the real key to the success is not being a mental giant. That's absolutely for sure. I've met a lot of very, very smart people. Doctors are, well, I'm not going to say anything about it, but doctors are really difficult to train because the reason why is they think they're smarter than you are, which most of them are, and they have a lot of money to throw at the market so they don't really, you know, worry about the research part of it. It's after they lose a lot of money that then they start to study, and then they usually become pretty good. So we'll see. But remember, doctors have a big advantage because when you're trading, you need a lot of patients. And that's the one thing that doctors have is patients. My uncle had a brain tumor. They gave him six months to live. He lived nine years after that, very healthily, as a matter of fact. And he always said you can always trust the doctors because right on the shingle, as you walk in the door, it says XYZ specialist, whatever it is, and it says practice of medicine. He said, Larry, he said go to the sign that says XYZ doctor, and it doesn't say practice of medicine. It says, hey, I've stopped practicing, and I think I've got it right. That's the one that you want to go to. Same thing in trading, boys and girls. Same thing in trading. You've got to have patience. You've got to take responsibility for your trades, and you've got to love this business because it changes all the time, but it'll keep you young. Well, within limits, I guess, but it does offer something that not many professions really have, but it takes a while to get the job done. Okay, let's move on here. We're going to have a break here, and hopefully we're going to have Tom Hougard calling in at 9.30. If we don't, folks, it's because he's very busy, and we'll have him at another time following early December when we get back into action here. 877-927-6648 The key markets that he is watching during the day. 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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. We have trader Tom. Tom Hougart on the line. Tom, are you with us? I am. Good morning. Good morning to you. We have a question from one of your fans over in Denmark. Elsie would like to know, do you trade the volatility index? No, I do not. Is there a reason why you don't trade the volatility index? Let's move on to the next question. If you remember the old movies with Clint Eastwood, the man has to know his limitations and that's what you're supposed to do. By the way, we have several thank-you notes here in the den today for your great book and I hope you get it published like you're planning on it. We have one other question, Tom, and that is in one of your videos that someone pulled off of YouTube, you talked about a trade that was setting up where the DAX was up 0.9% and the FTSE was up 0.1%. And he interpreted it that you were buying the strongest of the two markets. Is that his correct interpretation? Well, actually that opens up in an enormous can of words because it was you that taught me that you should always bet if you have two correlated objects, two correlated assets, you should always bet on the strongest of the two. So I really took that to heart because here in Europe we have several stock indices but that represents different countries' economies. So you have the FTSE in England, you have the CAC in France, you have the DAX in Germany. And my study is uncovered quite a significant correlation between them but when the correlation went out of the window, i.e. one was significantly stronger than the other, then you had a very, very high hit rate by betting on the strong one on the long side and going short on the weaker one. Obviously it's very logic but another thing that I noticed in my studies was imagine that you have a top and the market has pulled back and this is the same in two correlated indices. If one of those stock indices manages to get above the prior top but the secondary index doesn't manage to get above the prior top that is a position that I would be all over on a short side. So it's probably hard to imagine because I haven't got any visual aid here but trading opposing stock indices against each other is something that I've done with a great deal of success. He certainly had a great deal of success my friend, there's nothing there. Do you have any words of wisdom? Another question that was being asked this morning about all these things that are coming out in the news both in the UK about their election stuff and the stuff that's going on here in the US and the stuff that's going on in Hong Kong and do you pay any attention to what happens to any of this news? I mean, how do you handle the news here is what the question is. Okay. So I have a little joke that I read this morning on CNBC and apparently a trade deal is very, very close. I find it a little funny because as you know I run a telegram group where I post my live trades and it's about a year ago that I posted a note from CNBC saying that a trade deal is really, really close. Yes, I do. How do I handle news? I handle news like everyone else does. I have been in big positions and then Trump tweeted something and I simply had to just lick my wounds for days because it hurts so badly. When you're trading relatively big size it's not always that you're going to get stopped out at your desired exit point. So unfortunately I don't have it always seems to me that it's a positive curiosity but I always seem to be on the wrong side of news. I'm rarely ever on the right side of a good piece of news. Tom, the question these are very leading one question leads to another. What is the worst slippage that you can remember that you had on a trade? How much did it gap above or below your price to get your fill? How much of a hickey did you have to take? Okay. That's very easy to answer because it's one of those that you remember. It's a bit like asking your favorite girl up for a dance and then she says I would never dream of dancing with someone like you. That was during 2015 when the Greek debt crisis was raging and I had taken a position that I had foolishly run over the weekend and on that Monday morning the market got 500 points on the wrong side and I got out at the very, very high take. I mean, I literally created the top for the day on my short position. Wow. How long did it take you to recover from that? I mean, not money wise but the emotion. Emotionally I was over in a matter of minutes financially several months. Wow, that's pretty good. Any words of wisdom you'd like to impart today and also if they can get the book by just going to Trader Tom. Hello. Just a quick word. I've written a book about the psychology of a high-stake trader and I'm giving it away for free at the moment because it's still a working title. Although I have found a publisher for it so it's great news but if people want a copy of it I'm more than happy to give it to you for free at Trader.com. I do have a little word to the wise and that is there came a point in my development as a trader where I realized that I didn't need any more technical analysis. What I really needed to do was to sit down and spend just as much time on the mental part rather than just the charts, charts, charts because honestly I don't think charts is what's going to make you money. I just don't believe that anymore. I have to believe that too and Mark Douglas tried to put it into my brain after 30 years it finally got in but he said it's 85% mental and I think he was about 10% off I think it's 95% mental because if you can get that cycle right what you think you should do you've pretty much got a big edge on the market. Someone's asking a question I don't know if you want to answer this or not is there any feeling on what you think is going to happen in the stock indices here in the United States in the coming week or so? Yeah I do have a strong feeling and unfortunately I think I'm clouded by my opinion I want to short the market but I look at the chart I'm thinking why do I want to short this and I'll tell you why I want to short this because I find that there's so much uncertainty but I've been in situations like this before where my brain is saying one thing and my gut is saying another thing and at times like that I prefer just to trade smaller size and be more nimble as Art Cashin would often say in his new you know stay very very nimble but I don't really see a reason for being negative it's certainly not in the charts that's for sure. Wow that's really great being nimble I really like that and of course I knew Art and I still know Art so he's a super guy. Anyway listen Tom I know you're real busy today but thank you for coming on and next week we're going to be taking some time off for the holidays and maybe after start of December we'll have you back on and do another segment with you if you don't mind. Yes is that your Thanksgiving? Yes Thanksgiving is next Thursday in fact the day before Thanksgiving is the most bullish day of the year the stock market going back 160 years I believe it's about a 75% chance. I know what the second most positive 5 days streak is in the entire calendar year. Probably January 1st. Yep that's how it's figured something like that. Happy Thanksgiving to everyone listening. Thank you very much Tom. Tom Hougard. TraderTom.com we'll be right back folks. 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%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period. That same $50,000 investment in a tiger first month would give you $1,550 per year. That same $50,000 investment in a tiger first mortgage program would give you $3,500 per year or $14,000 over the four years. What should you prefer? $6,200 or $14,000 of interest on your investment. If you would like more information about the tiger first mortgage program you can call me at 877-518-9190. That's 877-518-9190. If you're a trader in the market looking for exposure to gold or gold mining equities then now is a perfect time to sign up for Tom O'Brien's Gold Report. The summer is over. Gold is trading back above $1,500 and the 10-year treasury is hovering at around 1.5%. Tom O'Brien has been writing his weekly Gold Report for almost 18 years. There's no one that knows more about how the gold market trades and how gold mining equities react. 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To obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com A fund's prospectus and summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor for side fund services, LLC. Folks, we're back and we've had a question or a opportunity to talk about the hogs for just a minute because I mentioned them a little bit earlier. These are the Christmas hogs that we're looking at. It says the best indicator for all markets is geometry. I have to agree with that. Remember geometry is right behind mathematics. That is what Eilbert Einstein said that before God was numbers and the ratios come before the patterns. Here's the December hogs. We're almost got a high probability of making a double bottom down there, folks, at around 58. It's my guess, but I would take a look at it. Now we're coming into the peak season for pork with the people by hands and stuff. So it's going to be interesting to see what the demand is here because cattle have held up incredibly well. So we'll watch to see how these things are going. Marshall makes a comment here about the sacred geometry and if you really would like to have a fabulous book about sacred geometry and how it fits into the universe, it's none other than John Michelle, M-I-C-H-E-L The Dimensions of Paradise. That is that book. If that book doesn't put goosebumps on you, go back to looking at moving averages because that doggone book has really got some incredible stuff about where this geometry comes in. Not just in our planet but in the solar system and all this stuff is how it fits together. So this is not by accident, folks. All this stuff that's going on. Like Einstein said, God does not roll dice with the universe. And he also said before God was numbers. So he was a pretty smart dude. Anyway, let's move on. Hold it. Tom is giving me a little tweet in here and I'll see. Yeah, that would be great. Okay, this is good. We're going to be going over there in the springtime. We'll be able to see. The name of the book again is I'll write it in here, okay? The author, you can get it real easy. He's an English author. I went over there to hear him once. M-I-C-H-E-L John Michelle and it's called I don't know how to spell Dimensions. I'll misspell Dimensions, but it's the Dimensions of Paradise by John Michelle. He's wrote a lot of books because he came over and studied at the Manly Hall Institute where he got some of the ideas for this book. And another great book, of course. Oh, Bitcoin. No, we have it, but we will. I think I still have the bit up here. You know, I don't anymore. I think because I'm getting ready to get the letter for next week out to get it early. But Bitcoin is down below that 7900 level, folks. That is not a good sign that tells us that we're most probably getting ready to look at something a little bit nasty possibly. So let's keep that in mind as we look at these things unfolding here this morning. So we'll just keep an eye on that. The other one that's on our watch list besides the hogs from the futures market standpoint, of course, is the natural gas. And we want to get that one back up here because we certainly have a really strong interest in it. Let's get this up here right now because let's one second here. I'll take care of the platinum in one second, Ruby. Yes, I believe I believe we're going to 850 into platinum. Let's do this one first for natural gas. As you can see here right now, we're making a little retracement this morning here of that old high at 262. And I still, if you add that to 262, that takes us right down into that gap. See that gap fills in natural gas at 238. And that's where we are. There's a possibility that's where we're going to get to. We're in the midst of a three day rally here much like we've had before. So just pay attention to it. It might not happen that way. But that's the way it looks like. Okay, the next one we want to... This is by Marshall brings it in here. The geometry and ancients heavily. That's a fabulous book, folks. It really is. It's just, it's really, really good. I don't know how much it cost, but it's cheap no matter what it is because it's a great book about geometry of everything. It's very little about the markets, but a lot of stuff about some of the other things that we wanted to take a quick look at. All right, let's take a quick look at the old flotinium for us. Ruby, and you'll see here, I believe we've had this really. Let's get this up here. So you'll be able to see it. You'll notice here $12.39 shut the front door. Okay, we got a caller from New Jersey. Victor, are you there? How are you? How are you? What can I... Yeah, what would you buy Bitcoin at? Oh, I would wait. The Bitcoin is in a downward move. I think we're going to make new lows over this last run, which is going to be under $6,000. So I seem to have reason to be a buyer here of Bitcoin at all. No, it doesn't look very good. It had a really good chance to go through when we were up at $10,000 and it gave it up and now it's in a downward spiral, so I wouldn't touch it here. I would wait. No pattern at all for me to buy it. All right, thank you. Bye. You bet. Thanks for calling in, Victor. Okay, let's take a look at the Platinum for Ruby. You'll notice that we had that high up there at four digits, $1,000. We came down to $875. We rallied up to the $707, which was at $860. Now, the difference between $707 and $0.618 is very, very small for trading purposes. And then, of course, the ABCD on this, you go from $1,000 down to $880. You add those two together and then you subtract the $960 and bada-bing bada-boom. It's going to take it to $845 to $835. I'd say, rough it out, $840, which is the $838 is the 78% retracement of that whole move from June. See, right now we've just hit the 61% retracement, but folks, look at this. We've rallied for five days and have gone nowhere. This is not a bully sign. We've said that when we're looking at the gold, too, so we'll be able to watch this as we watch this. It's very, very important. It's the only thing what is going on. Yes, Maria's talking about the volatility is slowing down, but folks, the reason why volatility is slowing down is at the top of the hill. And once it starts downhill, watch that volatility rock and roll because it pops up and it's ready to go. So pay close attention to that volatility, folks, because there's a lot of complacency out in the market. I see it in the news. You see it quite a bit. No matter what the news says, the market goes higher. That happens in bull markets, folks. I mean, they markets climb a wall of worry and they've certainly been doing that. This is the first week. Since Monday, we had all those patterns and we haven't gone down very much. What are we down? We're down 20 handles or so in the S&P. Yeah, we're down 25 handles. That's nothing. I mean, it really is nothing. It's going to be interesting when it finally does work. And the next week is one of the least volume weeks. It is the least volume week of the whole year because they do nothing, virtually nothing on Wednesday and zero on Thursday and almost zero on Friday. Well, more people come in on Friday. But those three days, Wednesday, Thursday, Friday next week, they can scratch those off the map. And but anyway, remember the day after thanks, the day before the holiday. The day before the holiday, which is Wednesday, is one of the most bullish days of the year. So watch that and we'll go up here. We're going to take a little break here and we'll come back and I wanted to talk just a tiny bit more about one other market that is interesting to us in the coming months. And that'll be something that I think will be interesting to everyone. So we'll be right back and we'll see you next week. I'm Steve Rhodes, author of Mastering Probability and for the last 12 months, Timer Digest has been tracking my time on the market. I'm Steve Rhodes, author of Mastering Probability and for the last 12 months, Timer Digest has been tracking my time on the market. I'm Steve Rhodes, author of Mastering Probability and for the last 12 months, Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. 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For more information just click the Think or Swim banner on the front page of TFNN.com Ok we're back folks and I wanted to bring one chart to your attention today and we were talking about it a little bit earlier and that is the crude oil chart and I reminded you that we had missed that Fib number by one tick at 58.79 and by golly we had 57.76 since the show started and we've already backed off 58.76 we've already backed off about 40 pips from that level so I would consider that as a complete Fibonacci number there that's going to be 58.76 so for what it's worth it's spot on so we'll see whether it's going to hold up or not so keep in mind that sometimes they fail but these numbers are pretty good overall now remember next week there's going to be a holiday here in old Tucson, Arizona will be back in the early December and I want to wish everybody a wonderful Thanksgiving and everything the 24-7 will go on as usual doesn't take me very long to do that it does take me quite a while to get the radio show up so it'll be quite a break I won't be around very much for sure but I'll be ready to go here early December and we'll see how things unfold the gold must hold is 1460 folks we're trading at 1465 this morning it's not acting very good because we didn't bounce very much and every bounce that we've had has been repelled so last night's high was exactly 78% of the previous high so that's another one to keep in mind so be sure to take care of some poor people over the holidays folks there's a lot of people out there struggling as you see in the news and do what you can for those that don't have very much because we're blessed and you want to share a little bit of that blessing because you ain't going to be able to take it with you I can promise you that Bubba's there's no way no way you're going to take it with you so enjoy it while you can and be sure that you all make it back on time and travel safe if you have travel so live every day in an attitude of gratitude and may God bless