 The following is a presentation of TFNN. Trade what you see with Larry Pesavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now Larry Pesavento. Okay, looking good, Billy Ray feeling good, Lewis. Oh, folks. Shut the front door and raise the rent. Time out here, my beepers going nuts here for a second. I hope it's the right one. Yeah, it is. Just a second. Hold on, let me get this out of the way here. Shut the front door and raise the rent. Give me a second here. All right, let's move on here. Let's take a look here. First we're going to watch here is the Treasury Bond. This is yesterday. You'll notice the ABCD pattern that is right here on the bottom. There's your 3A2 coming off of the high right here. Went above it by about eight pips, and now are two handles below it right now. So we're going to watch. This is going to be really important to watch this because these moves are equal, folks. We talked about this yesterday. You see, you came all the way down. You rallied five points, 117 up to 122. This was 109 to 114. Both of them were five-point rallies. Now look how quickly this came down, and it led to this. Now, is that going to be the same thing? I don't know. You know the good part about this, boys and girls. Nobody else does either, so that's the key. Yesterday we talked about the soybean market, about how important it was and where we were coming. I'm going to get this up here to show you where we were here today because this is the soybean market. Let's get this up so everybody can see it live right now. We made a lower low than yesterday, folks, by a grand total of one-half of one penny, $12.50. At the exact 61% retracement, at $12.49 even, and the low today was $12.50 and one-half. We are now 20, so my goodness, we're that much above it, $12.50. Wow, we went from $12.50 to $12.97. We're 47 cents higher. This is a big move on the upside, so we got some action going on. We also talked about this. I love this. Sorry, folks, my beeper is going off. I'll show you what happened here. We're watching the gold market because, remember, we were looking for gold to make that high up in there yesterday, and it's certainly done that, so hopefully you took advantage of that. The high we were looking for was at $12.90. The high was at $12.98, and so far it's acting hopefully as good as we would have expected, but this is the one we're watching here right now. Now, if you remember, yesterday we were also talking about the wheat market, folks. I wanted to get this up here so we can take a quick look at that and do these things live because it's always fun to see them live-action. Remember, that number was $5.50 or something like that? There it is. We were looking forward to get down to the 78% level. Let's get that hourly chart up here. Did exactly what we had hoped. There it is. There's your 78% level right here that we were watching here. So we've gone about $0.28 higher in the wheat also. Sometimes that helps. I was not able to send out any videos or emails yet. God willing, and usually she is, we hopefully have this fixed here by tomorrow or the next day or by tomorrow or Friday. Problem is, folks, snag it. The way I've sent these out, that's the program that I use, and it has changed something. And what happens is when it changes something, it puts me in a bad situation as far as figuring out what the heck to do. So that's the main reason why I have on all these problems to the fact that I have about 30% of my normal energy level, but I'm getting a lot better. I can tell by the strength in my voice and the fact that I'm able to stay awake a little bit longer than necessary, but I should be totally well here in a few days. A doctor said I was making a good turn, so that's a good thing. That's what we were watching of those two markets. I hope you're able to at least pay attention to them if nothing else. There's going to be a lot of others, that's for sure, because these markets having great volatility and the news is such that one day it's up, one day it's down, it doesn't make any difference. And someone asked me the question by email, how do I turn myself off from what's going on with the fundamentals? It's really simple, folks. And I tell you one thing. You see this finger right here? There's one thing. This is the one thing I know, and I know ABCD. That's all I need to know. That's all I want to know, and that's all I care to teach. I mean, there's a lot of other things you could probably look at. You could look at fundamentals and oscillators and stuff like that. But when push comes to shove, I've not found anything any better than ABCD and a little bit of Fibonacci. And that's what I do. I keep it as simple as possible. People say, well, we've taken this from other people. And you know what, folks? They're absolutely 100% correct. I've taken everything that I know from somebody else. Everything. Not one thing. Have I ever done anything other than look at something that somebody else has done? Maybe I looked at it a little bit different way, but it's something that I saw from somebody else. And I'm honest about that. I'll tell you somebody else. Well, Larry Williams is the same way. He knows how to do these things, but so much of this stuff has been out there for so long. It's just so much of it out there. So I narrow it down to just one or two things that I like, and that's what I try to do. And nothing more, nothing less. That's the main thing that I'm really trying to, you know, get my head around, so to speak. That's what we're watching right now. The market's had a really nice run here in this week. We're going to see if it's going to continue or not. At least it started, you know, in the right direction. So let's watch that. Now, remember yesterday, let's get this up here because there's a couple others here that I wanted to show you. If you remember yesterday in the Euro, we were telling you here in the Euro that this was going to have a little bit of problems up in here. See, we were setting, there's your 61% retracement of the high right here. These were the, oh, shut the front door and raise the rent. There was your 61% retracement right here. Okay? Well, it doesn't draw it as well as I want to, but there it is right there. There's your 61% retracement. And here's where we are. All you have to do now is go back to what I always look at. And that's AB equals CD. And you can see this is over a two-day period. There's your 11th to 12th. And there's your ABCD pattern coming in right here. There's AB. And there's your CD right there spot on. Okay? And that, we've had a pretty nice move. We've dropped over 110 pips right now, which is a pretty good move to the downside. So those are another one now. The thing we want to do now is because these numbers are getting so important and they really are, is we really need to watch this one because this is the money, folks. This is real money. This is not the us, the future's guys, you know, banging each other's heads, trying to pick a top or a bottom. This is real money that's moving around. And this is the 50, a little more, about 56% of the US dollar. So what we've done so far just this one day, this is the biggest correction we've had since this market bottom. Back in here at 104, we went up 200. Two handles up to this level right here. And this is where we are coming down to this level right now. Okay? So let's see where we're going to be here. So we're going to take our pattern here from this low to this high, and we're right at the 50%. And you know what else we're right at? We are right at a break. We'll be right back, 877-927-6648. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018, and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars, absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability, 30 days risk-free today. TFNN, Educating Investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN, educating investors. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more, and he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive he just hosted, forex strategies, and fundamentals, what is behind the Tiger Forex report. For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com, TFNN Educating Investors. Call now toll-free at 1-877-927-6648 internationally at 727-873-7618. Okay folks, we're talking about the Euro here. What should happen next? Now, you'll notice since we made the 61% retracement, it took eight days to make that correction, okay, and now in one day, we've given up more than 50%. You can see that coming in right here. That tells us that we've made more than 50%, so we're coming down, we're most probably going to get down to this level right here, all right? That's the 1.618. We also know that if you go from your high, from your low down to your high, that comes in right here. So this is where the big daddy sings right here. You see these two numbers? I'm going to draw them in right there. So that's going to tell you where you want to be. See, there's your 618 and 786. We're talking about 10521. That's down about 30 pips from where we are right now. So watch that 105 level, 10 that level, because it should have good support there. And if it doesn't, uh-oh, then there's trouble in River City. Then you know that you're going to go down and have a look. Right now there's no reason to come down here. Look at this one, folks. Had a little bit of a 382 right here, and then boom, look what happened there. Now this is coming down hard, okay? Which is not unusual, because we had six days, eight days up, so we're having a correction, but this is where you want to be watching here, 10521. Watch that, because if that can hold, and if that can hold, then you've really got something. But if it doesn't, then you're looking at something more sinister, because then you have to look at the longer time frame, and you'll see all we did here. You see, all we did was go up to this level right here, okay? Which was the 382 off of this one right back here, correct? So what we're watching now is we could be looking at another ABCD. Remember we still got this one outstanding at 104, we're trading 105 and change. So that's why this is so very, very critical today, what we're watching. I hope that helps to show you what I'm doing. Someone asked me a question is, I look at this stuff, it looks pretty easy. Folks, it is pretty easy, you just gotta learn how to do it. Remember when Mark Douglas talks, you have to have a belief in the system that you're working with. I mean, a belief that is just unchallenged. And folks, if you don't believe some of these things that we share up here, I mean, we're telling you things that have nothing to do with fundamentals. And we're looking at ABCDs, and stuff like that, that's all we're looking at. I mean, there's nothing fancy about what I do here. I'm not right all the time, I don't expect to be right all the time. The one thing I do is I have respect for these markets, of course. But my goodness, they don't do anything different ever. And that's why you have to have this really strong belief that you can do it. How do you get that belief? Well, if you've ever played golf, which I don't play, anyway, the main reason is golf, you've got to hit 200,000 golf balls before you can play around the golf with Tiger Woods, in other words, shoot anywhere near par. That's 200,000 golf balls. Folks, I can tell you without any hesitation at all, I've looked at a whole lot more than 200,000 charts in 60 years. I can promise you that because I work 10 hours a day, seven days a week, because there is no weekend for me. I like doing what I'm doing on Saturday. That's the day I get to spend two and a half hours, three hours with John Jamison, getting ready for the next newsletter and trade set up for the next week and stuff like that on Sunday. What do I do? I get ready for the Sunday night trading. And so it's just a fun thing for me to do. And I've been blessed with it because I enjoy it. And frankly, I don't know what else I would do. As my kid says, what would you do if you retired? And they laughs as dad. You never retire. She says, you're going to be just like mom said. You're going to die right in front of your computer with a big smile on your face. And when I was going through my divorce in 1986, my attorney and my accountant was there. And she made the comment that you're going to die in front of that machine with a big smile on your face. And my attorney looked at my accountant and he said, God, he said, I wish the heck that I'd be able to say that. And they both laughed. And here I am doing the same thing day after day. And hopefully getting through to a few people I know that I am because I get emails back and some feedback that you are watching these things and they do work. OK, let's get back to the market. So let me show you if you like Fibonacci and most of you do. Let's get up here to take a quick look here at this one right here. Look at the 61% retracement today in the Crudel. Now, yesterday, remember, yesterday we had our friend. Mike Moore, he talked about this. He saw how important this was. And look what it did. It hit there twice last night. Then it went up right to the 61% retracement. Now, this showing is 0.65. The difference between 0.65 and 0.618 is 10 points, 100 bucks. It dropped from 85 to 83. $2,000 straight down. It took the low out. But then it came right back above it. So that's telling you there was a lot of support down in here because if it had been resistance or not support, this thing would have kept going down. But it didn't. It held that level. So I'd be watching possibly for a potential reversal. It hasn't reversed very much. It's only up about 30 or 40 pips from the bottom. But the fact that it couldn't get below here and just totally cascade down tells me that there may be still a chance for that. Slight chance, but it may be a chance. But this was a beautiful short sell up in here. If you looked at this closely, look, you had it the first time. The market broke down. Gave you the second chance right there. That was the easy one right there because you broke 600 bucks and you go right back up and kiss it again. And then look at one of these. You've got to be figuring it out. It's getting ready to the go to the downside. And remember, this is doing it with the stuff that's going on in the war. If you were watching the news and not knowing what crude oil was doing, I bet you would guess that crude oil would be about $93, $94 a barrel, right? Not going to happen. So that's why the news follows the trend. And believe me, this stuff that's on TV, this is going to be on for a long time, folks. I know it's going to be a war that's going to last seven, eight, 10, 12 days. I don't know. But it's still going to be on because it's just not. They've been fighting for thousands of years and they are not going to stop. I mean, it may be off and on, but get used to it. It's not going to change. There's a total different thought processes that go on there. And my friend, Johnny, over here, one of my favorite students waving at me saying, get off that topic. And so you got it, Johnny. I'll move on here to the next one. Let's take a look at the cattle because I had a question about the cattle here. And I wanted to make sure I get this thing set up here. I've got to be careful here one second here. Oh, no, let me get the cattle up and we'll take a quick look at the cattle. And there we go. Here's December cattle should be in a cell mode. Let's see. Yep, we're getting up there. So hold on. Here's where we are. We had that big cell, as you can see, right up in here. The number 192, as you can see, we stayed there for one, two, three, four days at the 1.618 level. You see that 191? There's a 61% retracement of this whole range right here. 1.618. See, I measured it right here. The high on this was 190, 195. It didn't hit 192. Then we broke pretty good. You see, we had a nice ABCD down. In fact, this would have been a pretty good buy yesterday if you had time to show you, but we'll just get this up here. There's where we are. And then we'll just see what the ABCD pattern was here. There's your X, there's your A, BCD came down here right there to stop there for several days. One, two, three, four, five days. Matches the low right here yesterday. And look where we had it for a really good rally. And where are we gonna rally two boys and girls? Stay tuned. I'll show you in just a second. 877-927-6648, stay tuned for Jeff Hughes. Gold report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The gold report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The gold report. New subscribers get a 30-day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com. Everything in the universe is governed by the Fibonacci sequence. 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Okay, folks, we have Jeff huge on the line but we have a caller from Palm Harbor, Jim is on the line. What can I do for you, Jim? Real quick, Larry, I'm glad you're back and glad you got the charts working. How do you handle missing the traders, specifically on this e-mini? I missed the down move at nine o'clock in the morning and I drew this fib chart from the high to that low it's yesterday afternoon. So, and we go all the way back on now one o'clock, I got my cup of coffee, all set for Larry Pezzavento and I was looking at the TVT calls which I hit a home run on and I missed this down move now, 30 points down right to yesterday's low. And it was an ABCD right there all the way you've taught everybody and I've missed this at one o'clock, the sell. How do you handle that? And now what would you do now on looks like we're right at yesterday's low and we've got an ABCD that completed. Missing trade is the real son of a gun. Let me tell you, that's the number one thing that Mark Douglas was here with all these traders for the years and that was the one thing that these guys and I go through it all the time. I missed the silver move, I missed the gold move, I missed the soybean move and I mean, I'm not making any excuses because I'm really not feeling about 30% of what I am normal but I caught a little bit of the gold move of course and I caught a little bit of the silver move but in the bond move, I mean, those were relatively but I'm just a whole lot of use this morning. Yeah, well, look at the wheat, I didn't get that one but anyway, the main thing is what you got to do is you just got to shake it off and go on to the next trade. You know, it's just, that's all you can do. The easy trade today was when the S&P rallied up to 44.15. That was the perfect 61% of the trades. And actually, that was an exponential moving average on a 30 minute rally. Well, you have to. You have to. At 12.30 and moving down a percent. So I can't wait to hear Jeff and keep up good work and keep your progress. Good to hear. Thank you very much. Thank you for calling in, Jim. We appreciate your call. Jeff, are you there, buddy? I am here, Larry. Okay, I think that we've got your chart up for the 7% correction. So let me know what you're thinking here, my friend. Yeah, well, I'll tell you, and let me just first shout out to Jim. You know, don't beat yourself up. You can't win them all. You live the fight another day and there's always another trade. So pay attention to what the market's telling you and you jump on the next one. Okay, Larry, with this chart, I just wanted to bring it to people's attention. This is a study put out by Milton Berg. Milton's a rather well-regarded statistician, market statistician. He worked for Druckenmiller and Soros for a number of years. He's on his own now. He tweets stuff like this out all the time. And I found this to be particularly interesting, you know, especially since the S&P's just corrected about 9.1% off the July 27th high into the October 3rd low. It's actually the third correction of greater than 7%. 7% is a statistically significant number. Berg's determined and he's looked back to data in the S&P 500 since 1957 when the S&P 500 was actually created as its current index. And he says there's since 17 bull market runs defined by a gain of greater than 25%. He says, you know, since that time, we basically had 10 occasions where we've had 7% corrections and five occasions where we've had two 7% corrections following this 25% or better advance. This year and this last couple of months marks the third 7% corrections. The first time in the history of the S&P 500 that we've had three corrections of greater than 7% after a 25% bull market advance. I think it's statistically significant and what it really says to me is that it increases the odds that what we're dealing with here is not a new bull market but a counter trend advance off an initial low that's probably one of five waves that will ultimately complete a five wave impulse pattern. Wow, that's right. I have to agree the way the market's acting up. People always ask me, you know, how can the market rally? You know, when we have all these wars and stuff and, you know, the crude oil is supposed to be up $15 a barrel and stuff like that. And my comment to them is you have to realize that there's BlackRock has $27 trillion. You look at all, what's it say, State Street and Vanguard. I mean, you're talking about 60% of the S&P so they can make that thing do whatever they wanted to. You're only correct on that. Yeah. Until they can't stop it from going down if they're going to do everything they can to hold it up. Yeah, that's what I say. Just watch what the charts are doing and follow the charts and not the news. That's what's my favorite saying is but that's been used by so many people through the years. Let's move on to the next one, Jeff because I know you've got some really good ones in here and I want to be able to show them the problem is I'm having trouble getting these things lined up the way that I want to. So bear with me here just for one second. I'll just talk to it while you're trying to. Yeah, go right ahead. I'll get the chart. We're talking about stock bond net positioning here and we hear a lot of talk about how everybody's bullish or everybody's bearish. Well, the real tone is focused on large speculators. So we want to focus on what's the net large speculator positioning. These are the hedge funds, the leveraged speculating community. And if we look at the E-Many Futures contract right now based on the COT data released last week, we can see that speculators have really reduced their short position. They have really come back quite a bit. The net short position is now only negative 73,000 contracts. That was negative 400,000 back in July. So they've come down quite a bit. The flip side of the speculators are commercial. These are large commercial hedgers. These are the smart money investors. And they are getting really, really bearish right now. And so I think that the issue here is that the smart money guys have really reduced their long position. And they are starting to look at the market as being ready to cave in. The flip side is looking at the Treasury bond futures. And it's the exact opposite. Speculators and speculators are net short. The most that they've been in years actually, down 232,000 contracts, they're short, versus the commercials having a net long position of the exact opposite amount. So what we're concluding by this is that the commercials are really bearish stocks. And they're actually very bullish bonds. They're moving capital in the bond. Wow, yeah. This next chart is a little concerning, too, because I don't follow fundamentals, but I watch statistics. And it's showing that consumers are basically cutting back, it looks like. Well, they're cutting back dramatically, Larry. And my big point is this. I'm of the opinion that we're on the precipice of going into a major recession. And it could be a deep and prolonged recession. And this is one of the key factors that is leading my decision in that direction. And what we're seeing here is we're not seeing consumer debt, because credit card debt, as we all know, is now $1.3 trillion. It's an all-time record high. But what we're seeing is transaction volume data. And transaction volume data has been on the decline for the last year. And what we saw in September is negative 10.8% year-over-year transaction volume. That's the lowest that we've seen since April 2020 when they shut down the economy due to the pandemic crisis. This is really very disconcerting because it suggests, you know, especially given that 70% of the US economy is hinged to consumer demand, that, you know, the consumer has shut down. Richard, Debbie, middle class, and the poor are... OK. Stay with us, Jeff. We'll be right back. We've got to pay a few bills. We'll be right back with Jeff. 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. 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Yeah, I wanted to just include these charts, Larry, about performance off the top and off the bottom just to kind of put things in perspective. If we think about the S&P's performance since January 4th, 2022, the all-time record high, the only sector in the S&P that's positive is energy and it's up about 58%. Real estate's down almost 28%. And virtually everything is negative except real estate. And most everything is down more than the S&P 500. If we think about performance off the October 12th low, the next chart, you can see that really the only two sectors that are beating the S&P 500 are tech and com. And they are beating it by a factor of two, right? They've doubled the performance of the index because they're so heavily weighted, that's what's really driving the index's performance. We look to the far right, you can see healthcare, staples and utilities are barely even registering gains. And we think at this point, for those that are looking to position long in equities for any reason, we think those are the areas we'd want to focus on. They're really underperforming dramatically and we think that they're under-owned at this point. So we think a rotation if the market continues to break as we expect back into defenses should be a big way to produce alpha in your account. Okay, well you know a lot about that stuff so pay attention folks, he does a great job. Let's take a look at your next one and then we'll see the Elliot wave and boy it's been falling along pretty good, hasn't it Jeff? It has, and you're probably familiar with Paul McCray Montgomery's cycle work. He was a really a legendary strategist on Wall Street, built his career on understanding cycles in the market and he would attribute specific dates and we've identified four dates in the next two months that are specific to Montgomery cycle turns. They're coming up here on October 14th which is actually tomorrow, October 13th, Friday or Monday which would be the 16th. So either of those days could qualify as the turn date. Looks to me like it's gonna be tomorrow based on today's action. We think that could mark a high and based on our Elliot wave count we think it's minute wave four of minor wave three down which means that we should see a pretty hard down move over the course of the next two weeks into the next turn date which is October 28th. That should complete minor wave three down and carry the index down to around 4100 on the S&P. That happens to come right into coincide with the 377 day moving average. That's a Fibonacci number for those who don't recognize it. We think we'll get a countertrend bounce off of that low which could carry back into kind of the 4200 range which is kind of the October 3rd low if you will. And we think that will probably mark minor wave four of intermediate wave one down and that would probably top around November 13th the next month, Montgomery cycle turn date. And from that point, we expect a really sharp move to the downside. The other thing to keep in mind is that November 13th to November 27th period contains the November 17th D-Day for passing a government budget deal. And if they don't get that, we could get a government shutdown which could be the catalyst for a free fall in the stock market. We think that free fall will occur here regardless and we think it'll carry the S&P down to around 3,800 which is about the March lows following the banking crisis. That will terminate minor wave five of intermediate wave one of primary wave three down. Now, Larry, I don't want to scare your audience but we think primary wave three down could carry the S&P 500 all the way down into the high 2000s. We're currently looking at a best case scenario of 2775 as a target for primary wave three down. Now, a lot of people have asked me if it wouldn't that be wave C? Isn't this an ABC? Well, it could be but we think it's gonna be a five wave impulse move to complete wave A which will probably bottom somewhere around S&P 2250 before it's all over and then we'll get a big counter trend which will be wave B. So we're really focused on being cautious and you know, defensive into what we think will be a significant decline. I don't want to call it a crash but I wouldn't rule one out. Yeah, well, I can see some of this happening with all the news that's out there from any thing every time you turn on the TV it's something different. So it's a little scary. I actually don't watch the news anymore, Jeff because I rather listen to rock and roll music or gospel music than to watch the news because it's just scary and a lot of the stuff is just skewed no matter what program you're watching. I'm talking about all of them. They're all the same. So anyway, let's talk about your newsletter a little bit, my friend because you do a great job here and it's virtually free. I mean, what's 112 bucks a year or something like that? I mean, it's really dirt cheap. So tell the folks about it. It's really a good letter. I appreciate you bringing it up. You know, we just published our latest issue entitled All Roads Lead to Rome and that went out last Saturday, October 7th so it's still pretty hot off the press. And what we do is we go through kind of an analogy of looking at the US economy versus Rome at its peak. And you know, the conclusion is that the US looks a lot like Rome did right before the fall right now. And so it really is a historical perspective. We usually get a lot of feedback emails from people but they, you know, maybe 2030 every time we publish we got well over a hundred this time and they were all positive accolades. People really, really enjoyed it. So I would encourage your listeners to, you know, check it out. It's hugeinsights.substack.com. You can sign up and just get it to leverage your email address. You can read all the archives by going to that site again, hugeinsights.substack.com. And you can, you know, we've written 26 monthly issues now. So you can look at what we said over the past, you know, a few months if you just want to catch up on our thinking with respect to the economy and the markets. Okay, listen, really great stuff, my friend. And keep it up. I just really enjoy looking at the letter each week and also each month, but I also enjoy talking to you because you're really good at what you do. And I don't say that off the top of my head very often because you are good. And it's really great to have you as our guest. Okay. You're too kind, Larry. Thanks so much. You feel better and stay well. Oh, I am doing better. Yes. Okay, let's move on here for just a second, folks. Jeff talked about, we got this, we've got something really big happening, folks, at this next 40, 72 hours or so. We've got a big solar eclipse coming in here on the Saturday, the 14th. Now, tomorrow we have Treschi Decaphobia. That's fear of the number 13 that started in the year 1207. I was trading barley back then in the UK, 1207 in my other life. That was when the Knights Templar was running the whole show and that Friday the 13th is when the King of France or the Pope or somebody, one of those dudes said, we've had enough. We're gonna burn you dudes at the stake. And they basically annihilated the Knights Templar not before they could get to Oak Island and pack the treasure away. So who knows what's going back? Anyway, let's take, we'll be taking right, take a few bills here, we'll be right back. 877-927-6648. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. 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Go to TFNN.com and hit Watch Tiger TV. Folks, we're gonna get back to this S&P here. You'll notice I posted here the Gartley pattern that we had when we have Jim from Palm Harbor on. You can see the nice little ABCDs here. There's your first one, there's your second one, right up here at the 618. It stays here for 30 minutes and then it starts to break. And look how, you see how it's coming down like this, folks? When you have these really wide-ranging bars after hitting something like this, you know you're going now. We're down at the 1.618 expansion, folks, of this range right here. Now, if you go back and look at this, we've taken out the low of yesterday, okay? That's a big deal, right? But the whole thing revolves around, let's get this up here on this four-hour chart, because here's the key. If we start going below, see we went above the 382, where'd we go to within five points of the exact 50% of that move right back here, all right? The 382 went above it a little bit, but now we're coming down. So what you want to be watching, remember that key number is 4350, because there's where we closed on Friday, folks, okay? This is the move on Sunday night, everybody was bearish, bada-bing, bada-boom. Let's just measure that. I know we went a little bit higher than that ABCD, but not by much. There's your AB leg right there. Yeah, went up to, we measured it at 4420. The high was 4430, and now we're 4170. So watch the retracement, and you notice here that we're almost through the 382. That comes in, this is the key level, 4358. We get below that, and if we get below that, there it is right there, 4358. Folks were coming down at least another 50 to 100 handles and possibly a giant ABCD to the downside. And just like I mentioned to, we're right at that 1.618 right now. So it's very important that it should hold that level. Well, it should be, that was an hour, eight minute. That was an eight minute, sorry. Yeah, there's your, what should hold here. Have a little bit of a rally and then down more. Live every day in an attitude of gratitude and may God bless Joe DiNapoli tomorrow, folks. Don't miss it. It's like Johnny Carson himself. We'll be right back.