 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. Well, we are having pretty good rallying stocks today We're approaching up to the 61% retracement in the S&P at 4675 That should be a tiny bit of resistance, but whether it is or not, you know, we have to Assess that when we get there. Of course, it's a Friday And that's always it's been a down week. So anything could happen. That's for that's for absolute certainty That can always be true of everything. Paula Douglas will be our guest here today at 9 30 next week We have a really full week. We have Jeff huge. We're going to have Tim boss We're also going to have Adrienne toga ray and with a little bit of luck and I'm talking just a little bit We'll have Joe DiNapoli on as our guest also next week Now I did post the chart of the DAX index as you can see here It's made some type of a three-drive pattern up there near the high. It's just doing nothing really today backing and filling Not too much going on Anyway, the one thing I wanted to talk to you about today is Sarah was doing some Going through the files and we found some things that I thought would be interesting. I actually wrote a little letter for Tf&N going back about 18 years ago when I first met Tom and I think I met him at 04 Yeah, it was 04 and I wrote a thing called patterns profits and peace of mind For Tf&N and basically what I talked about was, you know, how to set up a trade and also not to watch the monetary all the things that That you try not to do but I'm going to be covering that during the full day session that we have here Coming up on Wednesday. I also wrote some articles for stocks and commodities magazines I used to write regularly for them many years ago and a couple of those articles were very very popular One of them was called you have to know when to hold them and know when to fold them and what I did was I related the the aspects of playing poker with the aspects of You know trading and some of these guys, you know, your derade allio happens to be one I can't remember the other guy's name. There's two or three of them really famous really famous traders That that are also a poker players they play in the you know, the big tournaments and and you know poker is a game of numbers You know it really is and for example folks You know when you have when you start playing Texas holding you get two cards in your hand the two best cards You can get are two aces but if there's four other people in the pot and there's nine or ten players at the table and if there's four other people in The pot your aces which usually win about 70% of the time you're you're a 51% That's really all it is I mean so if you're in a if you're in a game and you get called by three or four other people the value of those aces Really diminishes now after you see what the other three cards are that's a totally different thing That's why when you're trading it's the same thing you put on a trading side whether you want to do or not Like if you'll those of you that we listen to the 24 7 we've we think we're at a major top here in the gold market today yesterday or today and we were selling gold today at 13 excuse me 1869 Took a higher high than yesterday by 10 cents didn't go anywhere and Now you know the risk on that basically is we're back to break even on that But that that's all that's related to is how much money you have at risk And that's the same thing is when you're when you're playing when you're playing poker If you're in a tournament and you lose all your chips you have no chance of winning So the the last thing you want to do is risk anything to risk all your chips That's the worst thing you can possibly do the same thing it is in trading too So what you want to do is set up something where you cannot lose You know where you just have a situation where you where you come as close to break even as you possibly can and that's one Of those particular things now if you remember yesterday We talked about some of the trade that we were looking at yesterday in the crude oil I wanted to let's bring this to your attention to show you because this is the type of thing We're going to be doing on Wednesday There was a three-drive pattern in the crude oil right at this absolute privilege That's just that's just a tube editor four-minute chart that works on anyone But when I'm when I'm ready for day trading and stuff like that I'm looking for opportunities like that You know every single day and you can find them if you're looking at eight or ten things like I'm looking at and Those are the things that you know you can focus on on What do you think is going to be the you know the best setups for the day now? Today happened to be one where the crude oil was should have been bottoming down there at the 79 83 Why because it was a three-drive to a bottom pattern and it was also sitting right at the 78 percent retracement of that previous move So that's a real key thing to To really you know pay close attention to is when you're in the time frame that you're trading You should stick in that time frame. Don't go looking at anything else Because if you do that you're really not going to do very much Let me just give you an example here since we're talking about that right now We'll just look at that that crude oil trade that we were looking at here this morning When it was trading down just a little bit below 80 I think we got the 79 85 that was the three-drive pattern right there and of course it's got up to 81 60 You know I think already today. So that's that's a huge move You know you stop and think if it's an eight thousand dollar contract and you've made You know seven percent of that or eight percent of that in a matter of a few hours that that fits all the parameters for day training You know you too many people what they do is they put a trade on at a day trade and next thing you're doing They're looking at a weekly and monthly chart to see how much money you're going to make be making and boy that that's the wrong thing to do So try to stick on the time frame that you're that you're working on another paper that I wrote for stocks and commodities magazine was a paper about The steps for successful S&E mini S&P trading. This is when the e-mini first began trading. Oh my god 20 some years ago and Market Mark Douglas actually helped me do the article and basically they were about 16 or 17 things that you really need to do if you're trading S&P You know for a living, you know certain things are I'm going to be covering those On the 10th also one of them is you know prior to the number six happens to be prior to the overnight trading at least 30 minutes You want to see if there's been any unusual activity in other words sharp jabs and prices Especially anywhere near the opening because with the and this was before the advent algorithmic trading But especially now if algorithmic trading you've got to find out where these numbers are You know that number that we made you know on Wednesday that number at 46 25 You know folks that was a perfect ABCD 1.618 expansion. That was the target We actually covered that on the Tuesday and Wednesday Programs unfortunately, we couldn't show the charts But now you know you can go back and check them yourself and see that you know, that's how they that's how they line up So it's just a matter of you know finding your the the groove or the the thing that you really like to trade The other thing let's chat just a little bit about that euro trade You know that euro trade was set up just as pot and perfect as you could possibly get down there at 1 114 60 where we bought now we got stopped out we lost a very small amount I think a hundred and forty dollars now I think the market's back to that same level again, but that's not important What's important is the fact that these markets have violated some really serious things on the downside We have targets now in the euro down around 113. Let's take a little break any questions eight seven seven nine two seven six six four eight 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 and 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 What's separating you from the most successful men and women on Wall Street? That's right Information having all the information gives us the perspective we need to place the right trades at the right time The task profile scanner is the premier market profile base scanner Powered by its acclaimed task proprietary algorithms this feature rich scanner Instantly filters over 2,500 plus global financial markets such as stocks ETFs commodities futures and forex This powerful suite of tools Leverages instant trade filtering and strategy formulation to show you emerging trades Before they happen for a limited time You can save $100 off your first month by using the promo code upgrade and you still get a 30-day money back guarantee So you have nothing to risk Level the playing field with the task profile scanner which you can find under the services tab at tfnn.com Sign up today Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at Tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either Tfnn airs live financial content streamed live on tfnn.com and Tfnn's YouTube channel with Tiger TV live every market day from 8 30 a.m. To 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live From around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts To help you make the right moves with your money Watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be Tfnn educating investors Call now toll-free at 1-877-927-6648 internationally at 727-873-7618 Okay, we're back folks, and I believe we have a lucky caller from Kansas City, Missouri Robert. Are you there? Yes, and I'm feeling lucky. I get to talk to you today. Happy Friday. Oh Boy, it's like winning the lottery. Holy cow. Are you from Kansas City, Missouri or Kansas? Kansas. Oh, okay. Oh, I always made that mistake. Of course being from southern Indiana I always picked the lower extremities of the on the geographic scale. What can I do for you my friend? Okay, I have a clarifying question regarding gold and oil So okay, I just heard Briefly you said that you're you're selling gold You're looking at a shorter term time frame like day trading making that statement, right? If you look at a Daily or weekly chart, you're not short gold. Are you? No on the daily I would be because I posted a chart in there because this area here We're right right at the 78% level right there at 1869 And that's where we sold it last night. We were Telling the folks we should make a slightly higher high than we did yesterday Which we did by ten cents today and then of course we backed off about four or five dollars But now what we've done is because of the markets moved in our favor and and we're very very risk-averse By selling it at 1869 and was trading at 1863 right now What you do is you put your stop at break even in 1869 that way you're in a risk-free You're in a risk-free environment in other words nothing bad can happen to you like if you put a stop up at 1880 I mean you could be looking at $1100 loss there and that's not any fun Especially when you're up a few hundred dollars. Do you follow my yeah? Yeah, but I don't do day trading That's that's not my temperament or style. I was I was asking more from the bigger picture So basically what you're saying is is gold is completing an ABC It's going to have a retracement before continues running higher Absolutely now stop and think now we've been up for ten days, okay? We're setting the seven the 78% retracement came in at 1869 the high was 1870 10 Okay, from there. We broke all the way down to 1845 then we came back today Rallied back and touched that same high again. So this is telling us at this level is what we think is very very significant So at that point at that particular point That's these lowest risk as you're possibly going to get trading gold because if you know it gets above 1872 you've done something wrong. So you've got a contract that's worth a hundred and ninety thousand dollars roughly And you're only going to risk three hundred dollars on it I mean there's no game in town that you can play with that type of a risk parameter So that that's how I focus on that now I happen to be related to it with day trading today because we happen to enter something that worked in our favor But by the same token now if it goes back to where we sold it at 1869 Something is wrong And so we will be out of that trade and wait to see what the next setup is got it On oil on looking at a bigger time frame like a daily or a weekly. Yeah, I like the way it's behaving Because it's just it's just kind of going sideways and you know pulling back a little bit But not well some sharp retracement looking at it on a not an hourly, but the daily a minimum And we're looking at it weekly looks pretty bullish to me Well, you know if you were long during that time when it made its high is 85 and then today it made it slow at 79 That's a five thousand dollar drawdown I don't know about you, but five thousand dollars I can go out to eat once or twice a year with five thousand dollars So I I don't like to set with that much of a risk But no it's had a very good correction and it's right down at the 78 percent level folks Just look at your chart. You'll see that 79 and change is the is the 78 percent level coming off of that last low In the last high, so that's why it's so important here in the crude oil today And we made a beautiful three drive to a bottom on crude oil at that 79 83 if you're looking at a half hour chart So what I'm doing is taking a daily chart Robert and then moving it into a 30 minute chart to see where my entry will be No, I understood I'm not and I'm not advocating holding it from you know Late October didn't to now and drawing down I'm just saying I like the fact that it's drawn down Slowly over the course of a couple of weeks three weeks and when that's for me That's a good sign that the next leg higher was most likely that you know, there's no Guarantees is going to be pretty strong This is you know Robert you said you said the three magic words, okay? There is no guarantee actually four words There is no guarantee And in anything that we do because life is a mystery and we have to Regarded is that especially in trading? That's why you know people people they rag on me sometimes because I said Yeah, I'm not really sure it's a wine. How am I paying you? I said well nobody can be sure You know, there's no hundred percent things out there. All you can do is put the odds in your favor And that's what we try to do Well, what I'm saying is not much different than what you're saying You talk about 382 and I'm saying over the course of a couple of weeks If if you look at oil from its run from August 19th to October 25th, it hasn't it's not pulling back much and to me when it's less than a 382 retracement That is super bullish. So Things on different time frames This is correct. I've been you're saying it in English. I'm saying it in Indiana ease You know, which is a little harder to understand down there in southern Indiana But you know, I've been extremely bullish gold for two weeks and to now my bullishness has been Fulfilled and so I'm standing aside and nibbling at the short side. That's really what I'm doing But longer term you're still bullish Give me a $60 pullback in gold. I'm gonna be a Willing buyer I guess but if how it gets there and the pattern it's there that that's what I'll be watching So I hope that answers your question. I know it's a little ambiguous, but Ambiguity was my middle name. I don't know if you knew that I was confirmed in the Catholic faith with st. Ambiguity And she was a very famous saint back in France during the 14th century. So I did not many people know of her but And I'm all making this up as we go along because the medication is finally kicking in All right. Well, happy Friday. Thanks for a listen a Robert. Please call in again my friend I always enjoy talking to you and I will remember it's Kansas City, Kansas from now on, okay? It's it doesn't matter. It's Kansas City the city. It's fine They connect each other don't they? Yeah, aren't they a road called state line that cuts it right in the middle and that's right. There you go Okay, thank you. Thanks for calling in. I really appreciate it folks That's since we were since we were talking to Robert here and he was in Kansas City Take a look at your charts folks on Kansas City week We made a move above eight dollars eight dollars a bushel and we're trading around 812 813 right now That's a very significant for inflationary things because when you see wheat, which is a key component in bread You get ready folks because if bread is going to go up that means gasoline's going up and oil is going up Things are getting more expensive with the exception of treasury bonds and there you are getting Cheaper and cheaper as we go through got a break to pay pay here and then we'll have Paula Douglas Marks Mark's widow will be our guest at the break. She's continuing to carry his torch So live every day in an attitude of gratitude until we come back from the break and then you don't want to miss this We'll be right back Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the Tigers Den trading room only at tfnn.com The Tigers Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the Tigers Den are also the first to have their questions answered live on air and can privately chat with our tfnn hosts live During their shows interact with other Tigers and Tigers's as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the Tigers Den risk-free with our 30-day money-back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more check out tfnn and Tiger TV and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you whether you're into trading gold metals futures Currencies or options you'll get advice and analysis to help you seriously get ahead Tfnn also features trading services with a 30-day money-back guarantee for new subscribers as well as tfnn's Tiger Den trading room trading software and educational webinars for all trading levels and make sure you check out Tiger TV for free on tfnn.com or tfnn's YouTube channel for live financial content from 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor you were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts in Collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci Formation setups including Gartley's ABC's butterflies and much more the art of timing the trade charts is designed to help you when Scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now. We're offering licenses available at only $79 a month. We are so confident that you're gonna 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 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 Okay, folks. We're back and we'll have hopefully have Paula on the air here Shortly because right now we have a tiny bit of a technical difficulty I wanted to go back and review one of the things we were looking at earlier this week And that was in the natural gas because it had such a perfect pattern. We talked about it many times when we were looking at the Valid trendline concept on that long-term daily that took us down to 472 now What I've posted into the room is a 15-minute chart back from November when we were November the 10th We were looking at a potential bottom in this as you can see here the bottom came in at around 472 But you'll notice the perfect head and shoulders pattern that is there. It's just absolutely perfect now on next week's show on Monday, I'm going to have a Form I'm going to show you the formula that comes out of Andrew Lowe's book The and what's going to be really interesting about this is the fact that we're going to be paying very very close attention to that for several different reasons Because what we've tried to do is to break down some of these formulas I mean this thing is God it looks like you're sending a rocket ship to Mars or something But we try to keep it as simple as possible just by using you know the ABCD pattern Now if you'll pay attention to this natural gas, you'll notice there on November the 10th You'll see that we are setting there with a beautiful That's the end of the ABCD pattern on the daily and then as you move down to the 15 minute You'll notice that you have a beautiful head and shoulders pattern. It's absolutely perfect now Let's say you missed it on the 10th. Well, you'll notice and we did this yesterday, too yesterday's Lowe was right at a 382 retracement and right there at that 491 level from 491 it rallied up 30 $2,700 up to the perfect ABCD price of 5 17 60, you know what the high of that day was folks 5 17 60 a b equal CD That's what we like here at trading tutor Anyway, I wanted to bring those things to your attention because what we're doing is is we're going to look at a larger Time frame and then move it down to a smaller time frame folks. I am not a day trader I'm not in there trading five six seven times a day I might do that on a day like Tomorrow on the like the 17th where we'll have some people in there I'll be I'll be searching for the patterns because the patterns are the same whether they're looking at two minute Hourly four-hour weekly daily. I mean the patterns are going to be there All we're trying to do is to find the patterns that will line up that give you the best possibility You know for you know for a profit. That's the main thing now if you remember yesterday And I don't know what's happening to Tesla today, but if you I've just updated it So we can take a quick look at it We were looking for the high in Tesla to be right at that perfect ABCD at the 382 Tesla had a high I believe of 1107 From there it dropped all the way down. It dropped over $50. I believe I don't know what the low was today But the 61% on that was around 1045 would be my guess I don't know what the low on Tesla would have been but if I were taking a magical guess if someone tell me What the low on Tesla was today? I would certainly appreciate that because 1045 would have been the number I would have looking at for a potential low in Tesla today, so I'm waiting. It's a 1027. Okay. Well, I I was thinking around 1040 1045 so it went a couple bucks below that and I imagine it's a little bit higher than that now But who knows anyway, that's well, it must be because of 1027 was the low Okay. All right. Thank you very much. Well, appreciate that putting it in so many That's what we're doing is what we're doing is we're trying to get to the To the spot where we can see how much we have to risk on any particular trade and that that's what these patterns are Really all about. I do want you to remember here to take a look at this because this was a textbook case folks And I know I was having technical difficulties And I think yesterday was the first time that I finally got this stuff done correctly Now there's that ABCD pattern with the valid trend line You notice that we took out the lows of October and from there We rallied, you know, well over $4,000 a contract and today you had a you know $3,000 move the low today in the natural gas was a 61% retracement of the low that we made back on October on November the 10th So that's how these numbers, you know fit together and that's what we're really looking for As we as we look at these now several people have asked me about the chart that was posted here From our friend up in Canada Mike and all I all I want to do is I I've tried to contact Well, I did contact this guy. Let's get this up here and take a look at it. This is the guy that did the Fibonacci stuff Going back to uh, 18 19 21 all the way through today And it shows these different 150 month cycles that are there and these are all very very important But frankly folks were not 150 months. Are you kidding me? How many that's that's their 12 years Oh 150 that's 12 times 12. Yeah, it's 100. That's 12 years So I'm not it's a nice 12 year cycle in here And if you stop and think if we bought if we bought them in o9 you add 12 to it that gets you to 21 But even if you remember the Elliott wave people sent out one saying that 20 21 should be a year of a high just based on Fibonacci numbers and he's looking at the same thing here Look at 1932. That's 89 years 1966 55 years 34 years 21 years and five years He's looking at the same thing That uh, the Elliott people were looking at he's just uh, it's a little bit more It's clear by looking at that because on theirs. It was a little more Uh difficult because he got he got it down to the day He thought it was going to be on November the 8th so far that's been the high But that's uh, that's neither here nor there So let's remind ourselves of that Um, I did I post a chart of the three drive to a bottom pattern in the crude oil today? I don't remember whether I did that or not I wanted to do that if I hadn't so I wanted to be sure To be able to do that evidently. There's a technical problem Over there in palm springs with pt. Otherwise she would be calling in Yes, I did post that because that that's what i'm doing. So I go from the daily, you know Then I go down to the uh half hour chart And then when I usually when I when I enter the trade It's right around the time of the 15 minute chart and if it's really wild and crazy I'll go down to a five minute uh chart now in the in the Those of you that uh get the 24 seven videos that we send out every day Unfortunately, I I'm I'm not able to pull up that year old one again But I am able to bring the one up on the dollar index and let me get this up here because This is this is the key this week folks. I mean, it really is a key And let's just get it here right now There's that three eight two pattern that we're looking at. I know the chart's kind of small But that number comes in at uh 94 95 now we've been we've been a lot higher We've been as high as 93 30. I believe in that dollar index when that when that thing went above 95 That's why the risk on that euro trade was so I mean you give me that trade a hundred times I'm going to win on that thing 70 times. So in fact, it had a had a hundred and seventy dollar profit in it at one time But if you'll give me that trade with those setups I can I can tell you that I'm going to win better than 70 percent of the time That's what that floor trader's handbook was all about That we looked at all of these trades in the euro thousands of them And then what we did is we related to the time and we also looked at the relationship Of the standard deviation and what I'm going to show you next week is how the people at Andrew Lowe's Group how they look at formulas as opposed to what abcd does you're going to see a Really big big surprise when you see that next week. Hey, let's take a break here eight seven seven nine two seven six six four eight Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clear water 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 from the price You should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call tiger real estate LLC today at seven two seven three two nine eighty three twenty two or email us at tiger at tfnn.com that seven two seven three two nine Eighty three twenty two call us today The technology around us is changing every day with so much happening It can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information You need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30 day money back guarantee tfnn educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade chu or chad Directions daily csi 300 china a share bull and bear etf's china a shares in either direction Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction chairs carefully before investing The prospectus and summary prospectus contain this and other information about direction chairs to obtain a prospectus or summary prospectus Please contact direction chairs at 8664767523 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 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, we're back folks and believe it or not. We've got a second lottery winner today from philadelphia. Jeff. Are you there? Uh, i'm here. Hi larry. Thanks for taking the call. I didn't want to Get in front of your guest, but it looks like maybe she's not able to call in She has an emergency right now She's working with a trader that's made a mistake and she's trying to calm him down and So it's not it's not life or death is a couple of bucks. No big deal. Go ahead my friend. What's your question? Um, well, actually, I wanted to see if you'd be interested in looking at something I sent you a chart. There's a non-fibonacci related indicator that uh reinforces your um Your your view that gold is about to go down and I was just curious if if you wanted to see this Uh, sure. Can you post it into the room so the folks can see it? I You know, I am I'm not a member in the room, but I emailed it to you about like five minutes ago. Maybe uh Well, you know what? Let me double check and see if I can do that. Uh All right, let me check and see here. We go. You know what? I might be able to do that I think we can't hold on just a second and we'll get this up here Uh, let let hope this comes through. Let's uh everybody in the den if they can see that please let me know And uh, maybe jeff will explain to us what he's looking at with this indicator. We're always like to learn something new So fire away my friend Okay, thanks. This is one of the first things I learned when I started learning technical analysis There's a oscillator. I know that's one of your favorites called uh, stochastics And there's something called a stochastics diversion. There's positive and there's negative and what happens is when the peaks and the Uh, stochastics, which is in the bottom panel, you'll see there's like a white slant downward slanted, uh, line segment there at showing that the lower uh, swing high Adams and the last Swing high is a little bit lower than the previous swing high. So it's kind of downslanted but that corresponds to Uh, the highs and the candles In the opposite direction. You can see there's a very steep upward slope Uh, little white line segment So this is a divergence between price showing a sharp upward trend and the stochastics showing a downward trend and usually, uh, the stochastics Uh, proceeds the the price. In other words, if you see stochastics going down, uh Soon price will follow and go down. That doesn't work all the time, of course But but the steeper the um The line In or the trend and the price At on the candles, uh, the steeper that is usually the bigger drop you get when you get this divergence So, um, this kind of reinforces your, you know, Fibonacci analysis That gold is topping around here and uh, okay, so I just thought I'd contribute that Jeff I can't tell you how important it was that you call me today to tell me this because if it doesn't work Guess what Jeff? It's going to be your fault Well, being a friday, I have time to run away over the weekend Okay You know, thank you so much for calling in Jeff. I really enjoy your calls and stuff. So it's it's it's really, uh Really quite a lot of fun. Okay. Now. Let's move over to Natural gas again folks because we've had a really interesting situation here That we can possibly profit from let's just get this up here. So you folks can take a quick look at it Hold on one second here. Oh dear. This is not good I can't get this thing to work the way I want it There we go close enough. All right folks I want you to take a look here at this, uh natural gas We just hit something while we were on the air here that is very very important And if you look here, this is your a chart of the natural gas It's a four-hour chart we're covering the last month. You'll notice the big a bcd That's the one we were talking me down there at 472 From 472 we went up to the 382 retracement of the high we made on november 5th I know you might find this hard to believe but that was the exact number. I mean To the tick I'm going to put it in there again just to you know, really reiterate Well, that's one of Steve Shapiro's favorite words those big iterations and reiterate stuff But anyway, let's take a look at this. This was a perfect yesterday's high On the 11th was exactly a 382 at 5 17 60 We showed you the a bcd on that earlier and now what we've done is we've come down to the 61% retracement today At 485 we're now trading at 490 We must hold above these levels. Otherwise, you know, we're still going to go down But right now it's got a pretty good chance now the crude oil has been going nuts ever since we made the bottom down there at 79 80 it's up almost $2,000 A contract on that so that's going to be an important one now We hit the number if you remember we were talking about 46 75 In the s&p just a little bit about an hour. So well not an hour ago have 40 minutes ago And we hit 46 and a quarter. Well, that didn't work because we were looking at 46 and hit 46 and a quarter Oh, well, sometimes these Fibonacci numbers work and sometimes they don't who knows It's just a a rolling indicator with a possibility of winning and also the possibility of losing Okay, now let's go back and talk just a little bit About what Jeff was talking about with oscillators He he mentioned that, you know, I had a favorite oscillator and he was doing that with tongue-in-cheek folks The only reason I don't use oscillators. There are two reasons one is they're lagging Okay, but the second reason is I really I don't really need it because all I You know, I'm I'm an abcd guy and when I have that that's what I have is my You know the Probability of winning. I mean, I know that I know that I'm going to win six out of ten times Now sometimes I might lose six seven times in a row, but I'm also going to have streaks where you know I might be right eight nine ten times in a row my longest streak. I think was 19 And from then I went from 19 There was a big joke about that But I went from 19 days in a row to 11 days in a row that that quick so out of those 30s days I was still 60 percent But I had 11 days in a row after my 19 days of winter part of that I was being sloppy because I'd made a lot of money and that's it I think we have another question coming in on the line here and we'll see where we are Uh-huh Oh, is it here's something from someone in new york is asking a question Uh New york on the just now Recap the gold sure be happy to that I think it's important to recap the gold because this is a major pattern in the gold folks I mean, it really is if you like a bcd if you like all this stuff that we look at this this is a monster Uh, well, I think it's a monster, but you know, what do I know monster from faunster? I don't know any things hold on. Let me see if I can find that there it is Hold on just a second. We'll get it right up here So everybody can take a look at I'm going to be covering in a newsletter for sure because of course if it closes sharply above it Then, you know, if it gets above 72 today 1872 I have to reconsider this but this number is so perfect that you've got to pay Very close attention to it. So I'll put this in here for george And george if you want the chart you can email me larry pessevento gmail.com And I'll give it to you, but uh, this is uh, this is it. This is mother god country folks There's a possibility. There's a another target there at 1874. That's a little bit above the 78% level But we've been here now for three days But we could easily make 1874. That's not that's that's certainly a possibility because the abcd is there But the fact the ratios come before the patterns. This is what, uh, you know, i einstein said it's mathematics before geometry and Al's a pretty smart dude. Hey, we're going to take a break eight seven seven nine two seven six six four eight Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority in technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel And become the investor you were born to be 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? 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I love that word Steve Shapiro's got a huge vocabulary Tried to pull me into that group, but my little harder to do than most I was a scientist not a Poet or anything like that. Anyway, what we want to do is tell the folks that the most important things to look at this weekend, of course Is the fact that the dollar index has a high probability of getting up to a little above 96 That's going to take the euro down to this 113 level. That's down 150 points from where we are right now We said in the video last night if you got any type of a rally today Look to get short and of course we got right to that level And so what I would be doing now is to watch what's uh, watch this level of 113 It'll be in the newsletter also the the price of gold very very important here between this level where we are right now and 18 75 there's a lot of players coming into the gold market the first time in a long time And that's why I'm uh, you know watching that so very closely. I want to be a buyer on gold But right now we've nibbled at the short side here, but again, that's a very very short term I uh, hope that helps We will a lot of that we're right at the Fibonacci number again here in the s and p here folks at 46 76 Of course friday, it's going to be this is going to be it's been in a down week, but this is going to make it Probably close to break even i'm not sure but stop and think how crazy these markets not crazy But you know you took out last yesterday's low with the naztac by about 10 points and it's only rallied 2000 You know two grand it's rallied 200 four grand It's rallied four grand in a matter of a little over an hour and 15 minutes So these markets you've got to put a stop in on these folks because when you're wrong And when you're wrong, you're going to get hammered pretty good Perfect example is in the gold market if you sold it at 69 and it's trading at what 66 right now You got your stop at break even, you know, there's no harm in that And also, uh, you know, we've got to be looking for something In the in the currencies because we're heading down to 113 in the euro. That's 150 points You know down so live every day in an attitude of gratitude and may god bless