 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, looking good. Billy Ray feeling good, Lewis. Our guest today will be Rich Anderson of Anderson Capital Management. We're going to talk about the stock market, the grains, a few other things, history stuff that you might like. Our guest tomorrow will be the hold on one second, folks. The cash register is ringing. I don't know what's going on, but hold on. Well, don't worry about it. It only rang once, so it must not mean very much. Anyway, what we're going to be doing here is we're going to be looking at some patterns here. What I've done so far this morning is I've posted two patterns from the middle of the night. One was the E-mini Dow Jones, and the other, of course, was the NASDAQ. The S&P did exactly the same thing, but the reason why I want to show you this is because of the fact that we have these ABCD patterns lined up, and that's what you look for when you're trying to find, you know, these trends, short-term trends, against these really long-term trends like what we've had in the market. So this is what it's all about, folks, so I hope we're going to share a bunch of patterns here, and the reason why is these are the same patterns that I'm going to be talking about on September 20th. Same ones I do every day, boys and girls. They don't go to do any different. It's just going to be a whole lot of fun. I hope we will make a couple of shekels and have some fun doing it. What I'm going to do now is I want to expand the Dow Jones chart, and then I have to show you what we were looking at this morning because it's a very, very important day here today. Let's get this up here. Here's where we are. Okay, there we go. Get this up here. Now, this is really important from a technical standpoint, folks, for two different reasons. First of all, here is the first ABCD that I posted this morning. That's the one that happened in the middle of the night. Then you can see we came all the way down, and then we rallied up in a beautiful ABCD that's a perfect Gartley at the 78% level. Remember, folks, this is a four-minute chart, so you're going to see a lot of action. But look at this big pattern right here from your ABCD. Do you know why this is important, folks, and why the beepers went off at that level? And the reason for that is that's where you made a beautiful ABCD. And what else did you do? You took out yesterday's low by two ticks. And look what happened. Bada bing, bada boom. We went all the way up and made new highs of the day. We rallied 300 points after hitting that. So why was that important? Here's what we're going to be talking about that I think you're going to enjoy. First of all, what we're going to do is I'm going to show you the first part of this. This is what we're watching here with the S&P. It's the same with the S&P as it was with the Dow Jones and also the NASDAQ. The standard deviation and mean were exactly the same thing. But today, when we made a new low, look where we were. We were hovering against that one standard deviation. That's where the option players have to make their stand, folks. I mean, they got creamed yesterday. Look at this move. 1,300 Dow points or 180 handles in the S&P. That's the seventh largest down move we've had in the history. So that's why we're getting this little bit of a bounce. When we go below this, when we go below this and we will, well, I think we will. Let's just take the wild guess. What we'll be watching here is a possibility that something really, really super dramatic is going to happen. And since we're talking about super dramatic, I have to share this with you because we talked about it yesterday. But we should share it again because what we see is repetition on all these things. And we want to be able to learn from this repetition and hopefully profit from it. This was the action yesterday. As you can see here, we have this big move here. Look where it was, folks. Exactly 61% of the high from right here. This is the December contract. And there it is, right out the 78% of this high right here, which as we know was, raise your hand, Johnny. If you think you can guess what it is, Johnny is holding up a little piece of paper with three numbers on it. Oh, three, eight, two. Got to have a little fun with this, folks, otherwise it's not going to mean very much, is it? Okay, let's move on here to a couple things else that we need to carry about. And that is Larry Williams, you know, on the thing that we sent out, asking you to take a look at it. One of the things that Larry had is for one of his best trade setups for the 12th of, guess what? September, which was yesterday. Now, you can see here, he used a $2,000, $2,200 stop loss. It didn't go more than $50 above the 61% retracement. He wants to hold it for two days, so he would have been covering today probably some time today, or if it made a new low on the day. That's what he's looking for. That has a high probability of working. All he does is he doesn't care about eight or nine or 10 days past that level. Now, with this big of a drop that we've had, and I think it qualifies as a big drop, we should be able to get some follow-through because we're already, we're still trading below the 78% retracement of that down move, folks. That in itself should be enough to scare the bhajibis out of you if you're long. And if you're picking a bottom and it works for you, may God bless. And you know, you certainly could have done that because the ABCD on the Dow Jones made that right as it's making new lows on the day right at one standard deviation. So until we take that out, you know, this thing is not going to go anywhere. You know, that's the main thing is, you've got to realize that. But the problem is, is if we close lower today, now stop and think for just a minute. Just, you know, humor me, you know. We are down almost 1,400 points in the Dow Jones industrial average in a period of about 28 hours, okay? Now, so far we've rallied back from that just a little under 300. You know, the 382 on that is up about, well, 500 points. So we rallied up to about the 26% level. This is what they refer to in technical analysis as a dead cat bounce. Nothing against the species of the kitties or anything like that. That's just what the technical names are the things that they give them. So that's why we're watching that very, very closely. Now, historically speaking, let's get this up here. I have brought this, someone else was kind enough to send this out. I send this to you to give you an idea of what some people are looking at and what they're talking about that send me things. And that's why I wanted to show you this one right here. This shows you here that the Dow Jones has four days back-to-back losses since 1896. Hello, operator, 1896. I remember I was nine years old. This tells you there's something is not right, folks. We've been saying that for weeks and weeks and weeks. And if we get this up here, I'm going to remind you again because this is a very, very important chart and we should not forget it because it's not about how much money you make. It's about how much money you don't lose. And here's what you're looking at here. This happens to be the worst January to August period since, you can see that right there, folks. And it goes back a whole lot farther than that in 1976. So they just did 46 years, but it goes back a lot farther than that of being very, very negative. Now, is that going to continue on through the rest of the year? God only knows and she's not telling. 877-927-6648. Of booming inflation, we are purchasing powers eroded. There's no better place to protect your harder and money-thinning gold. Vista Gold's flagship asset is the Monk Todd Gold Project in Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure and a politically safe and friendly mining jurisdiction. Vista Gold just completed the Monk Todd Feasibility Study, which resulted in a 7 million ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational, as well as environmental permits. 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Get Tom O'Brien's newsletter, Market Insights, today, and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, Educating Investors. Toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, folks, Rich Anderson will be our guest at the half hour, but I did get a call from Paula Douglas yesterday and one of Mark's friends. I knew who he was, and I had worked with him a little bit many, many years ago, but he called Paula and he hadn't traded. He's probably eight or nine years, maybe 10 years younger than me, and he was a bond trader in the bond pit, so his frame of reference is about two and a half to three minutes max, and he was asking Paula, was anybody using the old bond system that Mark worked on, and she said, yeah, Larry uses it, and she said, oh, I remember him. Yeah, so he gives me a call, and so I set this up for him this morning real early, and I said, look, I need your time of reference to move out to about a half an hour instead of two or three minutes. Can you do that? He said, yeah, I can trade one or two lots and do it. How long has it been since you've been trading? He said, I tried trading off the board, probably 15 years ago, but he said I had so many businesses going, I just did those, and now I've sold some of those off, and so I really do miss trading, and I want to start again. So we started this morning, and we missed this first one right here. This was this first A, B, C, D. That's where the high of the day came in right here, and then we had the big move down, and this is where we had our first trade right here. There was a three drive to a bottom pattern, as you can see. It is flat out perfect. I mean, you can't get it any better. There's your A, B, C, D. It measures exactly to this spot here, 3104, and it had well over $1,000 in it, and look at this first move here. He got very excited when he took 20 pips out of it right here, and then the market backed off, and then we made another move up here right up to this second A, B, C, D, and that's had 26 pips in it. So he's a convert. For how long? I don't know. Probably till the first losing day, and then he'll be moving to a simulated moving average system or whatever it does, because these patterns don't work all the time, folks. They work part of the time, and that's the key is, you've got to remember which ones work and which ones don't. That's the main thing. It's very, very important to realize that they have nothing to do with predicting the market. They have to do with risk control, because when they work, they work great, and when they don't work, that's your risk control. You stand out, ba-da-bing, ba-da-boom, and then you move on to the next trade. That's all you have to do. There's really not much more important thing than that. It certainly isn't. But we have this, hold on one second. Someone's asking me a question here, and let me get this up here, and we'll be able to see it here quickly. All right, the question is, how do you decide where to start with your A, B, with your A point? A point is always the lowest part. Let's just use crude oil as an example, because we just had what we think is a pretty significant top here in crude oil, using the same strategy that we did with the, let's get it up here, just a little above $90. You can see here, we were looking at this level right here. Now, what happened at this particular spot right here was the market went up and made a slight three-drive pattern. There's drive one, drive two, drive three, and then it's broken quite a bit about 70 pips or $700. Your risk on that would have probably been 40 pips, so now you'd be in a break-even trade. But the most important thing, and this is one of the things that I got the gentleman from Chicago, well, he actually lives outside of Chicago now, but he lives up in Lake Geneva. Anyway, look at this. You have this beautiful one, two, three-drive to a bottom pattern, folks. That's just absolutely perfect. That's just like what the bonds did. I showed him. I said, this is the crude oil day before yesterday, and the bonds are doing the same thing today. And he says to me, well, how do they do that? I said, I don't know. I said, all I know is it works. You know, and so I showed him. I said, look, just measure A, B, C, D, and then A, B, C, D, and there it was, bada-bing, bada-boom. You come down, you make a 61% retracement. You go up, you test it one more time, and off to the races you go, and you go up and finish the completed pattern, and that's what you're looking for is when you see these unfold. So I hope this helps. But when you start out, you've got to start at the highest level. The highest level on this chart is the A point, and, of course, D is where you want to enter. The second question that someone asked me from yesterday that I didn't get a chance to answer is, do you ever hesitate going into point D? Yes, I do. There are two things that I've written about in the book, and I'll illustrate what you see, but the two things are, one, if there is a big gap down there, I mean a humongous gap, I mean something that makes your eyes pop out of your head, little gap doesn't make any difference, but a big gap, you've got to pay very close attention. A big gap is like $500, $600, okay? But the second thing is, is if you had a real super wide-ranging bar coming down into that, you've got to wait till that bar completes. In other words, it's got to be an uptick at it because it's not smart to just stand in front of a falling knife. That doesn't give you any extra stuff to really do anything really exciting about, okay? So those are the two things when you're dealing with the ABCD patterns that make it work so extremely well. So let's remind ourselves of that. Okay, now, Rich will be our guest here in about seven minutes, but I've got a couple other things that I wanted to go over with you relatively important from a longer-term standpoint. I'm not going to go over that Goldman Sachs trade. If you want a copy of what that Goldman Sachs thing with the 135 pattern, all you have to do is drop me a note and I will be happy to send out the sequence of that Goldman Sachs trade. I didn't do that trade. I mean, it had a lot of money in it, but I didn't, well, I was happy to be in the futures, but I didn't do the Goldman Sachs trade. Someone asked me to take a look at it and that's all I did to show you that it had a perfect 135 pattern and that's all it's really about. Remember, folks, we have Paula Douglas on here and she does a great job with the folks that she works with, but one of my favorite, by the way, today's Paula's birthday, 39, I think, for the second time, this is what Mark used to say, when you really believe that trading is simply a probability game, concepts of right or wrong, win or lose, no longer have the same significance. Okay? And I'll tell you the other thing that he used to say, if you're sitting there looking at that machine all day long, it's just like you're standing in front of a knife throwing board on the year of the target and the guy throwing the knives is blind because these people that are trading, myself and all the other millions of people that are out there, they don't give a diddly squat and they're not. And so don't pay any attention to what's going on. Leave your alert on. If the alert goes off and tells you that something big is happening, go for it. If that doesn't happen, then move on and do something else because it doesn't make any difference. It really doesn't, folks. You shouldn't watch the machine. That's probably the number one thing, especially now because you have all your equities here. I didn't get my equity till the next day when I was on the floor and I went to 85. We'd get that in the morning at around 5, 36 o'clock in the morning. Then I could see if there were outtrades what I'd made or lost. So remember, you don't have to watch the machine to see that you're making any money. All you got to do is to put your orders in and if your beepers go off to tell you that the price levels are there, then go for it. Then you can open the machine and see what's going on. Other than that, it's no big deal. That's the difference, for sure. Okay, let's take a break. 877-927-6648 Richard Alfred Anderson coming up next. We'll be right back. TfNN is excited about our new software charting program, the Art of Timing the Trade chart. 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TfNN Educating Investors TfNN.com Okay folks, we are really lucky today. We got Mr. Volatility himself. Rich Anderson is on the line. He hasn't been with us for a long time. Rich, how are you doing buddy? Doing great. Having a lot of fun this summer. Yeah, I'll bet you have. Got the nice weather now. Oh, that's right. You had the two days of summer, July 4th and 5th. But you've been pretty hot there in Minneapolis, haven't you? I know it's gonna be 81 today. Last week I had a couple days in the 90s. It's been warm, although the forecast is for some rains to come in. That would help the late beans finish maybe touch the corn a little bit. There's a lot of cross-corns going on right now. The report was very exciting on Monday. But you've got Russia and Turkey talking about what the corridor is for Ukraine grain. They've explored about half of what they normally do. The CPI and where expectations are for inflation. The New York Fed took a survey this month, and the survey said a year from now expectation is 6% inflation versus 6.2 last week. And of course, it takes 2% over inflation to slow down things. And so 2% over 6 of inflation. Nobody can envision that could possibly happen. Although look at the interest rates in Brazil and anything is possible. Lots of cross-corns there are. Richard, you shared an E-mini chart up here of the S&P E-mini with that big red bar. You want to tell the folks what you're looking at here and what your thoughts are going on. Well, obviously there was a big down day yesterday and frankly, I think that that will be another way down that we'll retest the lows we saw back a couple months ago. I wouldn't be at all surprised to see this market get down in that 3,300 area as people come to the realization that on a macro basis the debate has been about demand-destruction versus demand-reduction. But so many things are locked in like original, like rent. Owner-equivalent rent, OER is what the Fed calls it. That's a slow-moving number. The Fed, the rail strike that's going to start on Friday if they don't come to some kind of agreement and that's about the worst time in the world to happen if you're in the beginning of grain harvest. When the most amount of grain moves, it's not to mention a lot of the birds and hog farmers in the east are buying hand to mouth looking to get a better basis as harvest starts and then all of a sudden you can't move. You can't get your grain in there because of rail. That could be some real problem. There's a lot of cross-currents in the grains but in the S&Ps there, I certainly think we're going to have another equal swing to that first swing down and that will put us down below the lows. I'm favoring 3300, but you've got to trade with the trend and pick your time frame. That's the secret. And then manage your risk intelligently. Because Douglas used to say futures gives you the unlimited ability to destroy yourself. So you have to manage your risk in an intelligent way. That's the whole secret and that's knowing what time frame you feel comfortable in. You know, the other thing that people do that's absolutely crazy. If you're trading more than 10 times a day folks, send their money to Rich and I so we can enjoy it. I would give it to a church rather than you or me. You know my betting history at the track. It's been a good year though for me for that. Anyway, do you remember when Mark used to come out and visit us here when Mark was living here and he would be here in the office and talk to us about the two major reasons that these people lose money is one, they put their stops too close so they don't use stops at all and what they're doing he said they're watching every tick go up and down and he said those are the two things you're bringing money into the equation you might as well put cobwebs in your head. Right, you have to place your stop at price levels that make sense and you know all the retracement and stuff like that don't do you any good if you don't have your stops in the correct spot and that's now variable risk based on I've got X amount of dollars I'm taking so I might take less contract if my risk is going to be bigger but you've got to put your stops where you're giving your chance to succeed people think they're risk takers but they're actually risk avoiders and they keep putting their stops too close and then they never make any money when they're right and they always lose money when they're wrong and that technically fundamentally you can be wrong but if you're technically right and fundamentally wrong and fundamentally right you're losing money and that's why you've got to be a technician and structure your risk intelligently that's the whole secret to the game. Okay now we're going to bring up a chart here of the November soybeans and I wanted to ask a little bit question about the Brazilian crop you know I don't follow the fundamentals like you do Rich because you supply that information to me but what is the percentage of world production now coming out of Brazil I remember the last time I checked it was like 30% that was quite a few years ago so what is it now? You know one of the major mistakes that was made in the Nixon administration is embargoing soybeans to Japan and Japan then proceeded to send like 40,000 people a year down to Brazil to develop the soybean industry in Brazil and you know they're massive competitors now South America produces more beans than we do and they're frankly look how well our grain markets are doing right now because we really have a short crop considering the price of the dollar but the strength of the dollar this is amazing that prices have held up as well in the beginning of the harvest but you've got the rail thing and then of course in Europe they're only allowing natural gas for heating electricity so that means there'll be no fertilizer basically for Europeans next year and that hopefully will help us out too so prices are going to be good you just let the markets come to levels you feel good about as Bryce Gilmore used to say you want to look at the charts and what's pleasing to the eye Bryce and I when we were out in Pismo Beach we got into working on something we call and it had to do with not only the retracement which you in expansions that you go through all the time with your client but also the time retracement you know when they're patterned perfect in both time and price I mean you've got high probability of a winner nothing is working 100% of the time but you have a very high probability of a winner well that's absolutely for sure it was fun working with Bryce boy he was really a man's man folks I mean he was they didn't make anybody like him anymore he's still alive he's the math genius he certainly was I have to agree with I remember the very first time that I met him he just blew the socks right off of me and I walked barefoot for two weeks just trying to figure out what had happened so I went to the small beach and stayed with me for two and a half months the first time I met him and then from then on he was out there two or three months every year for six years so and we got to have a lot of fun there we certainly did didn't we hey Rich we got to take a break I've got one more question if you don't mind coming to a break it's about Chinese real estate we'll be right back for Rich Anderson Anderson Capital Management Mr. Volatility 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 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 in stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30 day money back 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U.S. stock market and the U.S. stock market symbol VGZ okay folks we're talking with rich Anderson happens to be a farmer owns his own property and the question we have from one of our listeners out in Des Moines Iowa is how much Chinese are buying the farmland in the United States that was one of the lead articles on Bloomberg this morning I don't know I've been busy since 7 o'clock this morning playing pickleball you know I will pass some laws where they limited severely limited corporations and frankly you know prices have gone up you know there's these farmers have cash and you know they're willing to pay cash so locally I haven't heard about that there's some private equity guys in South Dakota for instance there's one in Brookings and more there are several but there's one in Brookings I'm thinking up and they'll try and buy any land they can too you know and then you've got Glenn Taylor owns the Timberwolves well he recently sold it but he has 73 companies up here I mean he's been buying land in Iowa for the last 25 years it's been a heck of an investment and a decent return and I haven't heard much about the Chinese buying but you know they they've got to move their money someplace too and you know they don't want to have it necessarily in our government bonds especially if we're going to continue to raise interest rates because they raise interest rates the bonds prices go down you know so they're trying to diversify and then we've got this little issue with Taiwan and you know I mean the Biden administration is talking about some more economic sanctions there's lots of crosscurrents going on right now so you know pick a time frame that's a little shorter stay overnight isn't necessarily good for your health if you want a good sleep and sleep what is that Rich hey listen buddy I really you know I miss hanging out with you when you used to come out and visit us I mean it was really a lot of fun and I haven't seen you for over a year well it's been two years now since COVID so I know yeah tell Lisa I said hello again again soon and if you get information on the Chinese property you know please drop us a line let me know okay I will I'll look into it you bet folks Rich Anderson Mr. Volatility the reason why I call him that he is the least volatile of any of the people that Mark ever worked with he used to actually be absolutely amazed at how calm Rich was when he did his trading of course he did a lot of options trading and he still does but he was so risk averse that was really really great I don't know if you folks know this but I met Rich back in 1974 I was running a squawk box at Payne Weber he was one of the brokers in Minneapolis and I have started talking about Fibonacci in 1974 a 73-74 I don't know where it was and so he called me up and said how do I learn more about this stuff and I said well there are not many books about it but here's something you might want to look at anyway and we became friends and it was lasted all these years and he's certainly been a lot of fun to work with for sure so it's been really great okay now let's get back to one of the markets that I posted here before Rich went on let's get it back up here again so we can see it without anybody talking about it because this is a beautiful pattern that we want to look at and this is in the crude oil because we were talking about this early in the day uh oh the cash registers ringing hold on just a minute here there we go get it up here you're going to see here there's the three drive you see a perfect A, B, C, D just absolutely perfect the time between A, B and C, D perfect that's just great it's broken a buck had a little 3, 8, 2 retracement right here your risk is really quantified now you don't have to risk anything at all and that's why you're going to be September 20th if you can and it will be recorded so if you can't listen to it live you'll be able to get you'll be able to get all the information you need now there's something else that you probably ought to take into consideration is you're going to give you all of the possible information that you could possibly get as far as trying to get this stuff to work for you that's the that's the whole key you know to look and I just noticed here that my beepers going off to the market and it was weakening again here with the two hours to go closing below those lows that we made early this morning folks were a hundred points away in the Dow Jones should we break below those and close below those boy look out for Thursday Friday and God help us coming in on Monday because if you remember I warned you about this several weeks ago on that day coming in on a Monday and about a big bout of boom that was it don't forget we had two great people who told us about that that was Stan Harley and none other than Mr. Norm Winsky himself actually what I did was I told Norman what to say so that he would get it right now that's a balloon look he did it all himself as he always does anyway those are a few of the things that we want to keep in mind here it's not how much money you make folks it's how much money you don't lose and be really careful if you're long some of these stocks folks because they're not looking very good this was the dead cat bounce that meow you heard was not a mountain lion it wasn't a saber two tower tiger it was a little tiny kitten it wanted milk so this be really really careful here it's super super time to really watch what you do and remember we had Jeff huge on Jeff will be our guest the following week he happens to be vacationing today this week and so he'll hopefully be here next week like he said he was bringing up his chart that he warned us about all many many weeks ago at least six weeks ago when we were up in here do you remember that we left that gap up there we talked about that saying oh not good not good and then we got the news yesterday why and so now we're heading down we're going to take these lows out like they like like melted butter folks we're here you know we're way down here I mean we're almost there I mean you know we're so this is this is not good you know so let's keep well we're way above that we're still up in this area here but this looks like we're heading down to 3300 is like what rich said my personal opinion is I belong with Stan Harley's crew and that is we're probably going to see 2300 or possibly lower there's no fear folks there's no fear yet over on Wall Street yet yeah there's a few bears out there but there's nobody that is really what we call really really super super bearish that I can see anyway I've told the people that did the selling yesterday hang on don't even look at the machine for you know at least for a couple months and I think you're going to be well preserved this will be well rewarded not preserved okay well we're only 40 points away from the low of the day now folks this is not a good time with two hours to go so we're going to find out what's going to happen today and that's what we're going to be looking at so remember tomorrow's guest will be Shane Smollion the wolf trader dot com and then on Friday we have Stan Harley of the Harley stock market letter a letter on Monday I believe I have my golly who do I have shucks I don't have it oh you know what Monday is going to be and then Tuesday I have the all day trading thing so I'll be out on Tuesday so I won't be doing the show Monday I don't think I have a guest because I'm going to be getting ready for the show but if I can get someone that's interesting I will certainly try to oh Tim boss maybe I can get Tim boss because he's got some really great stuff so we'll be very very close to watching this stuff you're really important where we are right now folks and the Dow Jones are sitting right at the 78 percent level it's got to hold otherwise Vista Gold owns and operates largest undeveloped gold project in Australia the Mount Todd Gold project Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted transaction Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC Vista Gold executing a strategy to create shareholder value 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 in stock prices get the opening call newsletter by Basil Chapman in 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 everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 7 newsletter at TFNN.com when you subscribe you'll get a weekly report from a foreign day trader Larry Pesavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time 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 subscribe to the Fibonacci 24 7 newsletter today TFNN.com educating investors TFNN has launched the Tiger's Den 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 the Tiger's Den available to all tigers and tigers for just $1 for the year or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN.com 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 folks I posted the artificial intelligence thing today you can see we had low here today that was the big ABCD here we had a big garlic right here and we're supposed to rally the rest of the day folks but if we don't and if we don't look out because it's going to be down the rest of the day and we're going to take out this low and go a whole lot lower so remind ourselves of that because that these things only work part of the time but when they work they work great but they're the amount that they do and I don't know what's going on there but I'll have to worry about that a little later not to worry too much about it so we'll see what's going on right there anyway let's uh sorry about that folks that happens to be one of my one of my compadres that forgets that I do the radio show because he listens to me all the time anyway so he doesn't listen to the radio show so anyway let's keep an eye on this what you want to be doing today is to take the high of the day down to that low that we just made okay now the 382 on this comes in at 3122 we're 50 points away now if we can get above that and if we can get above that that means we got a chance here that this thing could really rip at the close and look like it's going to close up on the day because we're basically I think we're still up but just very very marginally I mean it's not much at all and going below that next low would not be would not be very good from the way we look at watching these things unfold here today so tomorrow our guest will be none other than Mr. Shane Smollinthewolftrader.com and then the next day we will have Stan Harley and if you get a chance try to join me on September the 20th when we try to make money for you folks I do a little teaching but those are the main things that we want to keep keep a close eye on as we watch these things unfold here today so we'll see you all tomorrow and may God bless and live every day in an attitude of gratitude and may God bless