 is a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Let's go to Eddie and Bookarton. Hey, Eddie, what's going on? Hey, Tom, how are you, man? I'm doing great, man, yourself? Good, good. It is a treasure to have TFNN every hour during the trading day, to be there, to help you to guide you, and even to give you some peace of mind, or like somebody else is there with you while you're trading this crazy market, either up or down. Well, listen, we appreciate you growling problem with us out here, because we wouldn't be out here, folks, if we didn't have all you guys, gals, tigers and tigers as clients. And the market teaches you every single day, man. Now, Tom O'Brien. OK, boys and girls, this is Larry Pesavento setting in for the master himself, Tom O'Brien. Tom will be back with you next week, folks. But today, you have me for the final hour of the week. On a very, very wild week, we're down over 700 points in the Dow Jones industrial average. I posted a funny little cartoon that one of these geniuses in millennials, I guess, has a picture of Jerome Powell standing over a grave of the Nasdaq showing 1973 to 2022, I believe, as the death of the Nasdaq. Boy, if you ever want to get ready for a rally, that's got to be the picture you want to use. You're not seeing that. OK, well, let's try to do it again. One second, boys and girls, it, well, let's just do it the easy way if I can. Hold on here. Boy, I sure have trouble with technical stuff, don't I? But that's just the nature of the beast. This, I think we can do. Hopefully this will do it, and you'll be able to see it now. And if we can't, and if we can't, then I'll have to go to Plan B as it, maybe it's because I'm in the host chat, but let me know if you could see it, folks. Please do. I would like, OK, everything's good. Anyway, that's just showing you 1971, 2022, the death of the Nasdaq. The Nasdaq has been the leader on the way down. It was a leader on the way up. That's the way it's supposed to be, but let me try to walk through you, walk through with you what I see happening in the Nasdaq because we're getting close to a very, very important bottom, and we're going to bring this up to let you see what it looks like. This is over the past several weeks. We had a very important thing happen just yesterday. I want to bring it up to your attention here, but here is the Nasdaq, and as you can see here, we made that 382 retracement here. We hit it three days in a row, folks, but the way that it did it, and remember now that we had the Dow Jones way up into this area and also the S&P up into this area, but the Nasdaq cannot get above the 382 retracement, verifying, giving the validity that it is in a very, very bearish market, but that bearish market is getting pretty close to having them one heck of a rally. Let me show you why I think that could be happening. All I'm going to do now is I'm going to go back over the last several days just to show you that high that we made here to prove to you why it's so very important because these option traders use these numbers to price the options, and you'll be able to see here yesterday when we went up there, you can see the three peaks up there. That was each one of those with that little green line where you have your expected weekly high of that move. You can see it hit it three times, three different days, and then of course we've broken down badly today, which is what we were expecting. I'll show that chart to you also so that you'll be able to see the upgraded version of what we're just talking about because we're looking at here folks as technical analysis. This is known as the AB equals CD pattern. It's in Tommy's book, Timing the Trade with Tom O'Brien. It does a great book, and you'll be able to see there's the big ABCD that he's looking at in his book. And you can see that big 1.618 expansion is coming due here and with a couple action like this within a day or two will probably be lined up exactly down to that far point here, probably like Tuesday or Wednesday of next week. We should be sitting right here on this bottom right about here. That's what you'd be watching to see if this lines up. But right now it's doing exactly what it should be doing. It's washing out these people that stayed around too long. Folks, interest rates are going to go higher. You have to get ready for that. But again, I believe that we're in the same situation in treasury notes and treasury bonds as we are with the others because you're looking at something that is going to tell you that the market is at a major, major bottom here in these interest rates, which means we should get a very, very strong rally in a bear market, but interest rates are going to be going higher. So get ready for it. If you're going to finance a house, now's the time to do it. Okay, now taking a look here at the long-term weekly in the treasury notes. Now, these are the things that they measure for your auto loans, your credit cards and any credit that you have for credit cards. You'll see that this big ABCD pattern, we rally up to a 382 retracement and we've been coming down sharply now for 11 weeks. So this market is incredibly oversold and it's due for a very, very strong rally. Now, if it matches the last two rallies that we had, you'll notice we had one way back here in 2000 and, this is 2020, another one in 2021 and then this little small one in 2022, it's going to be eight to 10 handles. Well, that's at $8,000 or $9,000 in these, but remember the bonds have already rallied $2,000 already this week. So that's telling you that this market is, at least for notes and bonds, has bottom somewhat, but folks, long-term, all of these things are turning negative. So you've got to be very, very careful being a buyer of bonds or stocks in here because something's different out there folks. I don't know exactly what it is because I'm a technician, but the interest rates are increasing. I know we've got a war or we don't have it, but the rest of the world does in the Ukraine and other things that are very, very important, but that's not the important thing. The important thing is you don't have to risk your money. So if you've got money in these stocks and you think it's time to get out, that's what you should do. It's going to be a great buying opportunity here in about probably a week to 10 days would be my guess, and then you're going to see one heck of a rally bigger than anything we've seen thus far. Now, I want to show you what this really means because if you stop and think what's happened to the NASDAQ here between yesterday and today, this is a graph that was posted on the internet by one of the clever little folks that can do those little cartoons, but you can see here that we've dropped 500 points from high to low folks. And now we're down another 300 points today. And not only that folks, we are down one standard deviation in the NASDAQ. Boy, that is not an easy task to do over 300 points. So this market is now very, very oversold and we're coming into an area probably, my guess is Tuesday, maybe Wednesday, we should be forming a bottom down in here. We should get a rally that lasts anywhere from five to 10 days. And then we'll have to reevaluate it from that level. So let's take a little break, eight, seven, seven, nine, two, seven, six, six, four, eight. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. 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Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, we're back folks. This is Larry Pesevito setting in for Tom O'Brien today and what I'm doing now is posting a chart of the long-term weekly of the Dow Jones industrial average. I'd like for you to take a quick look at that because on the far left, you'll see what happened during the COVID epidemic where the market dropped about 22% over a six-week period. And as you can see here, we're down in that area where we're rolling down like seven or 8%. So we have a long way to go just to match that if that were to be the case. That would be a significant correction from where we are setting right now. And that's pretty much, some of the things that we have to pay attention to because we don't have any, well, COVID is dissipating quite a bit and we don't have a war going on over here. So we have to rely on what the news is to tell us whether these markets are gonna go up. Being a technician like I am, I don't really look at the news, but you'll be able to see these things unfold because this is a major top. You'll see that that high, I'd lost it just one second, folks. I'll get it back up here again and we'll be up here. You'll be able to see it and then we'll be ready to go. Hold on here and we'll be ready to go one more time. And this area here was the high. Back on January the sixth, that was a three drive to a top pattern, drive one, drive two, drive three. And then of course we had the big correction into February when the nuclear power plant over there was attacked. And fortunately there was no damage and now things have held up relatively well. But there's problems, other places in the world too, folks. We're handling it the best we can, but fortunately there's not been a war on our shores here. Believe it or not, folks, there was actually an attack by a Japanese submarine in 1942. It came above ground, above the water in Santa Barbara, California and they fired some, what I guess shells, mortar shells, whatever it was. And it hit a restaurant called the Timbers. And that Timbers was rebuilt with the remainder of the restaurant that was still there. It was called the Timbers. It remained the only place on the whole continental United States where we were actually attacked by a foreign force. Anyway, that lasted till about 1972, about 30 years. And then it was turned into a nursing home and doing good work there still to this day. So I thought I'd bring that up to you because every time I go up to that area, I drive past the place to remind myself that that's what we're looking at. Now I've been asked by one of our listeners here if we could do the same work that we just did with the Dow Jones, with the E-mini S&P. And I'm going to do that right now. I'll bring up the hourly chart so you'll be able to see the swings that we're looking at. We're very close to the bottom folks. You can see here, as you look at this, the bottom is gonna be down here right around the 42, 35 level. I think the last price I saw was 42.78. So we're very, very close. That's a 78% retracement of the low that we made way back in September, excuse me, on February the 24th. That's when that big problem when the Ukraine was attacked and then they started dropping shells everywhere. And then of course on March the 15th is when they had the problem with the power station. And so anyway, the slate and the day for me folks so bear with me, I'm doing my best to set in for Tommy. And boy, that's not an easy task because he does it day in, day out and does a great job. But that's what we're looking at here is potential bottom coming in here. My guess is on Tuesday or Wednesday and usually probably turn around Tuesday as they usually call it. So I'll be looking for a place to buy some futures and some other things that probably be at a good cheap price at those levels. Now I wanted to get off the beaten path here a little bit and talk just a tiny bit about energy. And the chart that I'm going to bring up to you is the chart for the UNG, which is the ETF for natural gas. And then I'm going to bring up the price chart of the natural gas and show you the difference. So you've noticed with the ETF here with these arrows that you're seeing right here each of these is a what they call an island reversal. In other words, the market is way up and then reverses closing near the low of the day and then boom down it went. And you can see we had one of those this week which came in at hold on believe it $8. Yeah, $8.10 and we've been down ever since it's been getting hit pretty hard. And then today as we look at it today you'll be able to see this picture personified because when we look at it on the daily base now this is the nearest, this is the futures for the May contract which will be going off the board shortly but there's the big expansion that we had. You'll notice the big bottom that we had down here. That's one that you want to be buying is when all those red things, all these red patterns are completing down here like they were in January and then boom away we've had this huge run and that pretty much kept that bull market we've backed off in just three or four days. You can see we've dropped well over $3,000 or $4,000 but the market is going up and down $3,000 or $4,000 during the day folks. That's how wild it is over there. And if you're not accustomed to trading natural gas and if you're not accustomed to trading natural gas you probably ought to stay out of that party because it's a wild one and you don't want to get involved with those wild ones. Wait for the easy ones to come along. The easy ones coming along is when you got the S&P down there at 4235 and when it's sitting there at 4235 yes, there's where you can put your toe in the water and say I can find some good buys in here. Friendly hello and a good buy as they always say that when you're selling cars and we're not selling cars here that's back from the old days of Terrold, Indiana. Anyway, let's move on to the next chart that I wanted to share with you and that's since we're talking about money I want to share with you the chart of the Euro over the past month because it has been getting hit that means a dollar is getting has been very, very strong. We'll get up right here so you'll be able to see what we're looking at here. And there's the Euro over the past month and a strong downtrend. You'll notice these two red markings that we have here that means the market made a 382 retracement telling you that the market is still going down and we're testing those lows again as we speak but we're getting close to what we think is going to be a pretty significant bottom in the Euro folks. We're trading at 107 and change somewhere around that 105 level. It's only two points away. We should have a major, major turn in the US dollar i.e. selling off the US dollar and the Euro starting to rally. Now, is that going to happen today? No, it's going to happen over a period of three or four more weeks. So we've got more time. Remember the Fed's going to be out there pumping their little program with we're going to raise 50 basis points or 20 basis points, whatever it happens to be. But that's it. We'll find out when they're going to do it but interest rates are going higher folks but we should have a really good short covering rally before that happens. So let's keep our fingers crossed and maybe the trading gods will give us a little bit of a rally here in these interest rates futures because they've been down 11 or 12 weeks in a row now which in itself is a huge outlier event. We'll be right back 877-927-6648. The gold market has taken off top side in a large way and if you want to take advantage of this sector now is the time to subscribe to my gold report. The gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets. News subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning I publish the gold report with coverage of gold, silver, bonds, the XAU, HUI, GDX as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. TFNN has just launched their new trading room the Tigers Zen, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tigers Zen available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tigers Zen you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigresses as they share trading ideas, news analysis and discuss the market action all trading day even at night and on the weekends. The Tigers Zen at Discord is accessible on mobile or tablets as well. So it's always at your reach. To sign up today and become a part of this educational community of traders just visit the front page of TFNN.com. TFNN is excited about our new software charting program The Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his bestselling 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 guardleafs, ABCs, 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, this is Larry Passevino setting in for Tom O'Brien today. Tom will be back with us next week. If you'll notice here, this is the chart that I just posted happens to be the U.S. dollar on a weekly chart. Folks, this only shows the last three years, but if you wanna go back about 15 years ago when I first started doing this show for Tom in 2007, he had a little program that he had developed called King Dollar. In other words, he thought that the dollar was going to rally. And believe me, folks, it was sitting right on its backside. I mean, it had been various for quite a while, but he said, this is where the dollar turns. And of course, it was trading at around 72. And of course, it went to quite a bit higher. In fact, you can see it here already above one. And so this is the type of thing that we look for. Now, you'll notice that this one is setting up into this 100 to 101 range, which is near the 78% retracement. Now, 78% is important because it's the square root of 618. Square root of 618 is 0.382. So that's how you get them, how these numbers fit together in a way of trying to analyze what the market is doing. So as long as we don't get above the 102 level, we've got a chance for this dollar index to be peeking out here shortly. And we'll see a pretty good rally and possibly in the Euro. But remember, the Euro has been under a great deal of pressure folks because of the fact that they're involved with what's going on in the Ukraine, because a part of NATO makes it a quagmire of problems for them. We have our own problems here, but that happens to be just a big one for them. So let's pay attention to that. Now, let me just show you, since we're talking about the Euro and it's one of my most favorite things to trade along with about 25 other things. Hold on, let's get this up here. You'll see here, this is the weekly chart of the Euro. And there you can see, there's a possibility of that ABCD pattern that Tom features in his book, Timing the Trade. And that comes in right at that 106 and change. You usually see that take out those lows from last year, well, two years ago, 2020. That would make, excuse me, early 2021, that would get it down to about that 106 level, possibly 105. And then we should see a humongous rally of anywhere from eight to 10 weeks that would take the market back up into that area. It's around that 112 area that would be very, very interesting to look at. That, excuse me, in the Euro versus the dollar. So those are how we look at it technically. Remember, folks, that the Euro is 53% of the dollar index. So that's why you have to be able to watch that as you're looking at it. Because if you don't, and if you don't, that's telling you that by golly, you're gonna be surprised and maybe this dollar is gonna bring back inflation or it could also help tame inflation. If it comes back in a big way, it could make things a lot better than what we're seeing now with inflation. Because with the fires and stuff that is still going on in some of these cities, it's just really amazing. I'm talking about the ones with the hurricanes and stuff. Okay, now let's get back to the gold market here because this is one that we all have an interest in, TFNN, get this up here. And we'll be looking at this chart right here, which is the hourly chart of the gold. As you can see here, it's a four hour chart. We made a beautiful ABCD up there this week at 1975. We closed the week at 19.34 down $35 on the week. And I believe that this is just the beginning. We're gonna make another larger ABCD in this. We will not be doing any gold business as we move to when we switch over folks. In other words, the words I'm trying to say is when the market is over today, okay, we are not gonna be switching over to another contract of the gold until this is June gold. So the next one will be coming up will be August. So that's what you wanna be looking for is where August gold is. So we're down right now at around 19.34, is what looks like where we changed. The ABCD on this structure would take you down to that very famous number of 1776. And at that point, folks, back up your truck, your F-150 or your Tacoma or Dakota, whatever you're riding, and get ready to buy some gold because that's gonna be where the train leaves for the next level in gold, which will be up around 3,200. But we need to see the gold wash everybody out right around that 1776 level. The same thing in the cryptos. We'd like to see Bitcoin get down into that area of around 20 to 25,000. And that'll set up some of these cryptos that we watch very, very auspiciously. I think that's the word I'm trying to figure out to be a buyer of those, but right now that's a long way from happening. We still have to get them down to the levels where they're very, very low risk. Okay, now, this is what I wanted to show you how this collapse has happened these last couple of days because this is what technical analysis is all about. What we're going to show you now is the TASH S&P index, the SPY. Now, as you can see here, we made the 61% retracement and then we backed off a few days and then we rallied back again to that same level this week, right up to that 61% retracement that we hit it magically yesterday at 4,509, spot on, 61% retracement. And from that level, we've been breaking down. And of course, the price objective on that comes in at 25, 37. Let's try it again, Larry, 45. Try it again, Larry, 43.27. And that's where you'll be going to that level. Anyway, let's hope that these markets continue to trade the way they are trading because this volatility is tailor made for pattern recognition swing trading. And that's what we try to do here at TFNN, especially the service that I have, which is Fibonacci 24.7 and the 24.7 is because I stay up a lot to see if the folks can get moving on as far as what the markets are doing overnight in London and other places like that. So we just did a seminar in London on April 1st, 2nd and 3rd. It was the hands down the most successful one I've ever done with Tom Hougard, David Paul, Steve Ward and Al Brooks. And that was really a lot of fun. Now we're going to switch gears, get over on the slippery side of this investment business and move over to his old Judd Clampett would call it Black Gold, Texas T. Get this up here and you'll see there is the crude oil folks. Had a beautiful bottoms down there in earlier part of the year. Then we had a big run up, as you can see here. That was in early February. And then we've had to sell off since then and we made the 61% retracement here at the 107, 108 level on Monday. Folks, Sunday and Monday is when we hit that and we've been down all week. We got as low as 99. We dropped $7 a barrel this week. We bounced back a little bit, trading around 101, 90 to 102. But that's still pretty significant. Now you'll notice that red down trending line here. This is very important because now that we've seen that level here at that 107, 108 level, that's telling us that that's a very strong down trend. And the price objective if this continues is gonna take us back to $85 a barrel, believe it or not. We might even get gas under $200 a gallon if that happens. But this market has made some type of a major top. So let's be careful and see what happens. 877-927-6648. 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This is Larry Pesavento setting in for Tom O'Brien, and we have a guest on the line, Mr. Zee from Philly is on the line. John, how are you doing today? I am doing very well, Larry. Thanks for taking the call. Like, very much like you filling in and doing double duty for Tom O'Brien today. It's a real pleasure. He does a lot for everybody else, so all we can do is chip in when he needs help, so. Indeed. Hey, Larry, I wanted to ask you about the E-mini SOPs. Sure. You've done a wonderful job, of course, and notice just yesterday and today catching a over, I think, that 4,500 level yesterday. And now we've had this big reversal and it's just real easy to see. Of course, you've done this for yourself and your clients, but some P's, I think, yeah, they've gotten down to 4,275, 4,300 last, well, it's just a touch, but are quickly approaching the 4,235 target. That's just an AB equals CD down. Sure. So what I wanted to ask is, as we declined dramatically yesterday and today, just into three o'clock, taking partial profits on short, taking all your profits, letting it all go that as a trader, given a large move in such a brief period of time. Well, John, you're fortunate to have me on the line today because I'm one of the few people that knows where the exact high and the exact low is of every market at all time. That's exactly why I called, sir. It's called a swag, John, and everybody knows what a swag is, it's a sophisticated wild guess and you know what the A stands for. No, John, what I try to do is manage my risk. And I know coming into this weekend, we've had two strong down days in a bull market, we're still in a bull market, okay? And my whole premise here is I don't wanna risk anything. So because of the weekend coming up here, I know that I can take the position off, which I just did just a little while ago, once the standard deviation, one standard deviation and NASDAQ was hit and since that happened, it's rallied 150 points, I believe. But I don't like to be long anything or short anything over the weekend if I can help it. Now, sometimes because of grains and stuff, you have to be that way, but when stocks, you can always get back in Sunday night. So I will wait and see what's happening Sunday night and then look to put my positioning back on at that time. So that's how I handle that. So I hope that answers your question. You know that it does answer it and you gave your logic, so that's all very clear. So yeah, no, that's terrific. To ask briefly, on the gold market, we rallied Monday, interestingly enough, there was a full moon over the weekend, so that was on a lunar cycle top. Is there any reason to think or, is there any reason for you to consider the possibility that this decline off of 2003 holds 1893 low that was formed, oh, I think it was March 29th or so, or alternatively of that level with much lower price? Yeah, what I try to do now, you're talking about a longer timeframe here and of course my forte is shorter term. One, two, three days, I'm very good at that because I can manage my risk within a magnifying glass actually. But when I start going out five, six weeks like what you're talking here, I have to have a parameter that allows me to make that gauge and that gauge is the ABCD pattern. Now if we take 2,090 as the high and then we came down to, I believe, I think it was 16 and change, 1654 or something like that, then we rallied up to 20 something, that means that we could get down one more time down there to around 1776, John. That's where, and it's strange that it's that number, but that is the number that I'm looking at for the ABCD in the gold market right around 1776, $150 from where we're sitting at today. Right, very good, okay. Okay. Import makes a good deal of sense to me, so we will take the weekend off, revisit Sunday night and enjoy the weekend. That's the way I'd like to do it. I mean, just since we were talking, we had a 200 point rally and 100 point drop in the Dow Jones in the last 20 minutes. So it's not for the faint of heart, but I would suggest that that's what I'm doing is I took them off just a little while ago and 15 minutes after the hour and now I'll wait and see what happens on Sunday night. If I miss part of it, I miss part of it, but there's always another train going by and we'll be able to catch that train no matter what. But the good news is, is these markets are starting to behave normally. In other words, going up and down and not just straight up like we've had in some of these other markets. So including the grains, which have started to possibly sell off today and in the meat markets that have been getting hit a little bit. So we're starting to see some types of inflationary pressure being relieved, John. So there's always that possibility. So I think we need to watch it closely because corn could easily go, we were at $8 in change, $8.13 in corn just recently. And we could easily go back to $5.50 or $6. And that- You said it, Larry, no super bull market lasts forever. Absolutely. Yeah, that's true. And John, you and I both know that it is absolutely 100% imperative that we have a good crop in not only this hemisphere, but also in Brazil, Argentina, because every bit of grain is going to be needed to feed the world because a lot of people are out there without food. And if we have a bad crop here, wow, you think $200 oil is exciting? You have to remember that oil is indigestible and people want to eat food. So who knows? I've seen the price of eggs doubled here in just 10 days, we've gone from $1.39 to $2.70. And I understand some places in the East are already $5 a dozen because you know, that's pure protein. And you know, that's- Yeah, yeah. It's funny how when bad news or bad things happen, they seem to occur in clusters. And regarding eggs and chickens, there's a disease out there in the US that is causing part of the flocks to be liquidated to guard against that spreading. So anyway, we will hope for the best and prepare for something worse. And I thank you for your time Larry and you have a good show, a good weekend. John, it's always great talking to you folks because this guy really knows his business. He's the real deal. I've known him a long time and they don't grow any corn without checking with John first. So that's how important he really is. John Cherveny folks, you bet Mr. Z. Okay, now we've got the market selling off again right on the lows of the day here. Looks like we're gonna be down over 700, maybe even 800 points. Had a 200 point rally, a 200 point drop in the last 15 minutes. Let's take a little 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 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 4.00 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. 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To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. Okay, folks, this is Larry Pesavento setting in for Tom O'Brien. Today, Tom will be back with us next week. I posted the chart of silver, folks. This is one that I'm extremely bullish on long-term. If you get a $2 or $3 break in silver per ounce down around that area of around $20, $2100 to $21, I would highly suggest you start buying some physical silver in the form of the silver. Buying some physical silver in the form of the old coins that were minted in 1964 or earlier, or buying silver rounds from the government or some of the other places that promote these silver round coins that is basically one pure ounce of gold. But I think that's got a possibility of going a great deal higher. We know interest rates are going to go higher. Inflation doesn't seem to be being led up at all right now, but that could change easily with a good crop. But like I mentioned before with Mr. Z, that we absolutely have to have a big crop this year or the world is in big trouble and there's going to be fighting for the last morsel of food. So let's do that. Now, I wanted to show you what was happening here while we were on the air. You can see here that the market rallied 250 points and looked like it was going to close really strong. And then with about 15 minutes to go, you can see it just rolled over and gave up the ghost saying that my guys maybe will have to wait till tomorrow. We've got that outstanding target folks, 2335. And that doesn't mean it's going to hold there because if it goes through 2335, you're looking at 41 handle very quickly in the S&P. So keep your eyes on that because when we come in here Sunday night, early Monday morning, we better have our track shoes on because these markets are going to get very, very volatile very quickly. So we need to do that. So main thing is to prepare yourself for it ahead of time, which is what we try to do here at TFNN, both with our own work and all the work that some of our guests, it really helps out. And if you need a place to hang your hat and want to know what's happening in the market, there's no better place than the Tiger Den at TFNN. Tommy runs it all day long and Tom Sr. comes in at the end of the day wrapping it up, which I'm setting in for him today. But it's going to be fun. So live every day in an attitude of gratitude and may God bless folks.