 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, folks, we're gonna run over some trades here that we're looking at and they're going to be in soon This is the live cattle February. This was the spot We were going to buy at today but because of the hog and cattle report that's coming out at 1 o'clock Eastern time, which will be in a couple hours. It'll be after our show, of course But we're trying to buy down here at the 61% retracement with our stop below here This is fact is we got out of it at 69 and a quarter Several days ago. Of course, it went up a tiny bit higher And then what we're looking at is to pop possibly buy it back here Now we don't go into both hogs and cattle the reason why if you do that you double exposure for risk and that's not We're we're here about we're here to making money not losing money. That's the main thing by the way folks I signed a contract for Las Vegas. It's either going to be with Tom move or by myself I don't know which but if it's by myself It's going to be for two days. I'm going to give you your breakfast and your lunch and If we lose at the end of those two days you get your money back How does that sound all I got to do is clear it with the Legal people at the SEC if I can still do that and if I can that's what I'm going to do I've always wanted to do it so my golly is on my booking list and so it's going to be a free ride for you folks We'll see what happened. The other thing. It's about it is on Wednesday that in March My good friend Taylor Swift is going to be giving a one-hour concert And then the night after that Celine Dion will be also doing a one-hour private concert for only our attendees Yes, yes, I'll I'll take the medication right after the show folks that part was a joke Anyway, let's move on to the cattle. Let's move on to the gold market today Mr. Good part of the gold market, but we made it up in a couple other markets Here is the gold. We were long here. Unfortunately, we got out of it This level right in here yesterday, but today I alerted everybody to this level right here 2080 It's dropped down about 18 bucks from that level That's a nice little three drive pattern right here at the 1.618 expansion And so we're going to see I think gold is going to go a lot higher folks I'm just waiting to see what the next buy level is since we're here Let's just take a look at the next buy level. There's our last major low down here 2028 So we want to clear this out and see where our 3a2 is because if it's there And guess where it is folks It's there. It just hit it. Oh my gosh So they had that on I'd be a buyer and put the stop below here. Gold is bullish. So is silver They're probably going to go a lot higher. Okay All right. Now here's another one that we were in this was a crude oil Remember we were long the crude oil and I recommended getting out And also I said I am going short at 70 For 62 with my stop at 85 10 now We've had a pretty big break to the downside You'll notice here that we went long down here. There was a 3a2 right there. That was the 3a2 Of the past move. There's the 61 percent of that move. You can see almost Let's draw it wrong shut the front door. Let me redraw that redraw it the right way Because I know I had more setting in there Yeah, there it is Hit it exactly 44 and that all it did rally up going sideways. So That's what I'm watching now. So that's let's pay attention to that one For the coming weekend and stuff not that there's anything political that could happen Okay. Now that takes care of that now. Let's get over and talk about the Soybean market We're going to try to get all of these if we can hold on just a second here This is the soybean market to jam beans And I'm going to get the hourly chart up on that because that's what we were watching. I believe yep. There it is Remember folks. We're watching to be a buyer. There's our buy down here at the 86 level now last night We had a rally and it got to do a 1308. So the first thing I was watching is that going to be a A major factor. Well, we had other spikes like this, haven't we? So my guess is just looking at this in the middle of the night Nicola diamond, I bet you it's within a penny or two Of you know what and you put your number in there And it hits the 50 percent of that number and that means it's got to hit the 382 of the other number And there it is right there boys and girls and that's where you have Two numbers coming together and you can see that leads us to getting down to this level right in here Making new lows on the daily because you remember looking at the daily There's some really strong support on this big abcd right here. That's the one that We haven't taken the the lows out with low yesterday was 95 The low today was 94. I didn't even see that Where is that? That's impossible. Well, I had the order at a different price Yeah, here it is. It happened at the No, no, no, no see the low was here on the 21st in the middle of the night. That's where it was. Yeah, because here's midnight Yeah, so now we got to just see we cleaned out all those stops So that means that we got a chance down here for a market That's going to be fairly easy to get into getting back to that hourly chart You'll see here that we want to be looking to be a buyer here at 88. There's your number right here That's going to be from the last swing high to the lows going to be setting right at your There's your 1.27 of shut the front door right? So let me get rid of some of these other ones that I don't need I do these for teaching purposes But the main them by the way the main focus of the Las Vegas is going to be to make money I'm going to be teaching in between but I'm going to if it's by myself I'm going to have three guests jim 20 men my guest of my oldest Living trading friend. In fact, he's my oldest living friend other than other than my relatives and only a few of them are left I've been friends with jim for 61 years And then also we're going to have rich anderson's going to be given a section on options And then we're going to have paula Doug weblett paula web douglas is going to give a two hour presentation one hour each day On the psychology of trading and what it was like working with mark for the 33 years. They were married You can see here and she believed me. She did everything for him all the proof reading and stuff So that's what we're watching. We got a 382 off of this one 50 off this tells us we're going to be going down a little bit lower But that won't be until I believe they're going everything's supposed to be closed on globex night. That's a christmas night And it's on That's on a monday. It's christmas, but no on globex. They're probably open after three o'clock. I'm not sure. I'll have to figure that out Myself, okay. That's what we're watching at that level right here Okay, yesterday. We had a trade that we were looking at right here in the Remember the natural gas We had a nice break. There was the area. We didn't take that high out or stop would have been right here There there was where it got down to right here Okay last night. So all I was doing Was watching to see where the 382 came in And you'll see that it went just a little Beyond it right here, but If you take it from the low From your low to this level right shut the front door. Come on. All right. Let's get this act together There's where we go. All righty. And where'd we go to? The exact 382 here at 41. Hey, let's take a little break eight seven seven nine two seven six six three 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 it 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 obryan's award-winning newsletter market insights your key to successful active trading tom obryan 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 season 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 thousands of traders Who have already experienced the power of tom obryan's award-winning newsletter market insights firsthand tfnn educating investors tfnn has just launched their new trading room 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 And now they are expanding their reach with the tiger's den available to all tigers and tigeresses for just one dollar for the year There's no catch or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom obryan 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 tigeresses as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tigers den 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 Toll free at 1-877-927-6648 internationally at 727-873-7618 Okay, folks. I've been asked a question by um I don't think it's a new trader, but I think he's been around at least a little while Never met the man, but he's asked a question here that I'll try to answer This is a 13 minute chart now mark used a 15 minute chart The only reason I use 13 is because it's a Fibonacci never there's no really Redif difference between the 13 and the 15 minute But the question that he adds is how do you pick? The spots that you're looking at if you're swing trading and today. Well, here is the last week from the 18th To where we are right now. This is the whole trading week. There's monday. Here's friday And all you want to do is there's your first one right here now. There's a lot of abcd's in here Here's one right here. Now. I don't believe this is for me. This is not a tradable ABCd you can see that I don't trade that one what I will trade Is I will trade the larger one so the larger one. Let's just get the little Tool out here. There's your low right here And there's your high right there. I'm going to draw it over so I can draw the high end quickly So that gets you to that level right here. That would have been your profit objective, correct? But look at this. You also have another high exceeding that high and this low Higher than this low. So now the trend has changed a little bit So what you have to do is when you measure your next abcd You have to measure from your low Okay to the new high which is right there See that new high right there. It's going to move that over there Put that down. Where does that take you? Right up to the high there at 125. All right So coming down now You have a high here. You've got a low here and a high here So you want to draw that in just to see where we should be going. There's your a leg. There's your b leg There's your c leg It came within Oh Four pips of the lows that we're still looking for this to be made So that's really what you're doing. You're not interested in this right here Even though the abcds are there There's no interest in that you see And of course this one here being a 13 minute if you if you really if you really get technical here You have a a nice move get rid of this On this way down you have a really strong rally here that lasted an hour Since 13 minutes. So that takes you to at least one hour. I'm actually almost two hours Right here. So that's going to give you an abcd to the downside So you go from your a leg right here To your b leg right here. You see leg right there And there's the low that finally comes in now. You see this low is here, but because this High here is lower than that high. This is a valid abcd coming in At 123 21. So this swing right here did complete right here Now what we're doing is you're seeing here if this is a bear market and it might be who knows We have to look at the 3a2. There's a 3a2 right here at 120 401 And if you go back to the big high right back here But that in it's 120 404. So You know, I would say 120 404 somewhere there is probably all the higher you're going to get if the market is Really bearish Okay, I hope that helps but that was the question that he answered or that he had and I'm trying to Give it a answer Right here. Okay. So we've covered that and see one other one that I had here I did the gold market already I did the cattle market already Let's just put these together so I can see what's going on here And Oh, I know someone has a question about tesla just a minute here That things in the news all the time. I don't think it's done very much actually, but let's get it up here So we can take a quick look at it Here's tesla. Let's get it up on a 30 minute chart so we can see what it looks like Yeah, it's had a nice move. This is good Get up here. Here's where we are now. Let's let's just look at it right here on the 30 minute Okay, get ready and look at it. We're still as well. We're still coming down But let's see where we are Let's do an hourly so we can see the whole thing boys and girls. Okay There's what we want to see get this over here like this And here's where we are right now And we'll just that's good enough and all these ratios are built in, you know, but you you know You can't trade all these this just shows you the you can see these numbers how they pop up one two seven six One eight seven eight six seven eight six seven eight six one four one four one two seven You know, they're everywhere So all I'm going to do now is to get rid of them so that we can make some sense out of it And ask where tesla is probably going to go All right Now here's where we are from a highway back in september if you'll remember Then we came down into october 27th like everything else did Look where we are now folks. We were in a heartbeat over the last several days It's at the 15th. So it's been more than uh, it's been exactly a week that we're here They've had another one and another one. So we are knocking at a really really strong resistance level up here You see how you take out the previous days high Had a you know bad day yesterday and then look at this you could go back one more time up here So this is going to be really really interesting to see if if tesla can close above this 261 level. So that's what I'm watching in uh in tesla Okay, and one other stock that someone asked me about give me one second and I will get it up here I think I have it in here. Hold on just a minute. Uh, here it is coin base. Just get this up here We'll do a daily on that because it was setting right at the uh Let's get it right up here right here. It's had this monster move. Oh, we're up in big today This is good. We're up another seven points. So let's go to the weekly and you're going to see that we are Above the three eight two folks. That's the first time we've done that in a long time That actually could oh not necessarily see what the old cowboy did I took it off of this one right here But I gotta do this one too because the all-time high Uh was right there And you'll draw that in And we're almost on that one Right now that's at one eighty three Uh 76 and the high has been 178. So it's still five dollars away But uh, we finally did make it but uh, we'll see where it goes from here So I hope that helps I I had it drawn off of this one Which would have been right here, but we went through that like melted butter today If you had sold it at 160 and it's at 171 Oh, this is a weekly chart. Look at the daily here. Let's see where we are here Yeah, see we we we went through the 160 level, which is a three a two And that was several days ago. And that's why we're we're continuing to go higher. So the Crypto currencies are looking pretty good As we speak right now and then finally someone asked a question about the wheat market and I'll give that up here for a second one second Remember peter linies will be our guest at the break, which is always a lot of fun Where is the wheat here's uh march wheat get it up here still in a pretty good downtrend But I think we're getting ready for a pretty good bottom here There's where we are I'm gonna blow it up a little bit See if folks can all see it at once I'm gonna blow it up really good because this will give us our pattern that we want to see We've got an abcd for me here folks. There's your a leg B leg c leg right there That means that we're going to have a guardly coming in here. It looks like just a tiny bit below The 61 percent level 707 that price is 85 585 watch uh Watch probably buying weed at 585 to me. That's a good one. Let's take a break folks peter linies is coming up with a little bit of luck, which aren't we always have So live every day in an attitude of gratitude and stay with us The 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 obrien publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xa u 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 obrien's gold report newsletter now at tfnn.com 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 keg stats tiger forex report Teddy keg stat 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 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 veteran 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 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv That's tfnn.com then hit watch tiger tv Okay, we're back folks. I believe we have peter e-line. He's on the line today. Peter. Are you there? I'm here. Can you hear me larry? No, you're coming in perfect I have a salutation for you from beverly. She said to say hello I was oh, thank you I was online the other night peter Because you know that what you open the day after christmas in los angeles is santa I need a racetrack and eddie and I never missed that 35 years And so I said i'm gonna get two tickets just to see if I can go So I went on and I went through the whole process and everything And the only thing that was available was on the infield where you have to sit on a blanket And they were sold out 30,000 tickets at 18 bucks a piece. You couldn't even get a seat You had to sit on the grass. So I I told I called her up to tell her that and then she said to say hello to you so Yeah, and he was a real he was a real horse racing buddy for me too. I think I saw you guys out there more than once Oh, it's it's pretty sad. What's that pretty sad? What's happened to horse racing? I'm just completely Just gone The race is you're lucky if you get seven horses in a race anymore, which is bad They're dying too. We losing so many thoroughbreds, you know that cycles larry cycles. That's right You've taught me that for years peter. I have a question for you Did you ever take a picture of that Charting thing that looked like a torah because you know last time I saw it was 35 years ago when you were still living in the That the most expensive condo in north harley wood And it was it was how much it must what how much did it weigh when you were finally finished with it? Oh my gosh You know, I never waited, but it was it was pretty impressive I could unwrap the thing and it would go across the across the The floor probably 30 35 feet Wow Now folks what he did was he hand charted the doubt was the dow Jones, wasn't it? Yeah Well, initially it was data from the foundation for the study of cycles, but ultimately it was the dow. Yeah Yeah, did you ever take a picture of it? You know, I wish I had but I I did not larry. I'm I'm sorry about it now It would have been something to show my kids but To show everybody peter not just your kids and I this old this old cowboy. It's certainly love to see it again That's for sure peter since october the 27th. We've had this meteoric rise. It's been absolutely spectacular What do you think's happening here peter? Well, I like to think because of my overall view of the market that this is the last gasp Of uh, you know drawing people in letting them think or making them think that Here we go again, man. There's no way you're gonna stop this bull market No matter how bad the news or how negative you get This market's going to go up and up and you know, the attribute to to fact is like It's just a new world with artificial intelligence You have to understand that it's not the same old world that it used to be And that sounds very much like the story I heard in 2000 larry about The internet and how it was going to change the world and we didn't have to worry about valuations anymore Oh, I remember that dot com boy. That was Yeah If the phone rang it was crazy 50% Yeah, so here's one. Here's one of the things I want to point out and we may have talked about this before larry But I want to bring it up again I found a very interesting ratio in the market. I took the ratio of the nasdaq 100 Which has been around for about 40 years as an index and the dow Jones industrial average And I made in what to me at the time, which was about a year and a half ago. Maybe Fabulous discovery that when that ratio got to 45 percent Ndx over dow Jones industrials The ndx was very overvalued and subject not only its subject to go down But the market subject to being at or close to a top it happened in 2000 It happened again in november of 21 december of 21 It happened again in july of this year and it We started pulling back from that but we're still very very close to that 45 ratio And my contention is that as long as we are at that ratio Or around it that the market's in trouble right now as we speak that ratio is 0.449 larry wow So, you know, that's pretty close and look all you have to do is look at the chart and you say wow Every time we get up there the market's been in trouble Yeah, so is it going to continue? I don't know. There are no guarantees. We know that in the market The the other pattern that I want to call to your listeners attention larry is We look I'm always looking at longer term charts and longer term cycles And when I say longer term in this case, I mean longer term This is a chart that goes all the way back to the 1700s Now, I don't know how reliable don't know how reliable the data is but it was Gathered by researchers way way back maybe 30 40 years ago from the foundation for the study of cycles Anyway, I think even if the data is not reliable from day to day It probably gives a good general idea as to how capital markets did and here's the comment I want to make on that The two most important tops in the last few centuries Based on the ones that showed the largest decline after they hit their highs were occurred in 1835 and 1929 Well, it just so happens that those are 94 years apart now One iteration doesn't prove a cycle But if we if you go forward 94 years from 1929, guess what you come up with larry 2023 right here on the button. So that's point one point two is One of the other things that I look at cycle wise is George Lindsay the past cycle master had a concept of bottom to bottom to top He said that every important top Shows a pattern of two preceding bottoms equally spaced So in other words just a simple example if you have a bottom in 1900 and a bottom in 1910 Then you look for a potential top in 1920 10 years later. Well, how about this one? Probably one of the most important bottoms in stock market history occurred in 1842 You never went lower than that again. And it was the lowest point for Oh, probably 30 40 years or it went to a 30 40 year low in 1842 Once the next time that happened. Well, you and I are acquainted with that. We're not we're not quite that old, but 1932 was the next yeah, but july the fifth. I remember yep. There you go. So 1842 1932 And you go forward another iteration and you come up with 2022 so by two very separate calculation techniques of long-term cycles you come up with 2022 2023 Well, uh, peter did you ever meet George Lindsay? I never met him. I wish I had no I did I I met him through arts Crawford general The heat died on august of 25th of 1987 that was the high of the market Wow, I did not know that I know that he called him I know that he called. I think it was the bottom of the market on wall street week in 1982 He was on with Lucas Ruegreiser. Yeah, Peter stay with us. We got to pay a few bills Stay with us. We want to go through history a little bit more. Okay, could you do that? Sure We'll be right back with Peter Lides folks. Stay with us You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by Basil Chapman Creator of the trading methodology known as the Chapman wave The Chapman wave up-down sequence gives you an edge in identifying price turns Finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman 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 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 season 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 first hand tfnn educating investors Biotech is booming But for how long whether you think the biotech bull has room to run or has run its course trade labu or labd Directions daily smp biotech three times bull and bear etfs Visit direction investments.com slash biotech today An investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at eight six six four seven six seven five two three The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Concluding the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services llc This program is brought to you by vista gold traded on the nysc american and tsx under the symbol vgz Okay, we're back folks speaking with peter lighties. Peter. I don't know if you remember this I've met you in the late 60s the same time that I met uh eddy And you were talking about fibonacci at that time and you told me and this is one of the reasons I got interested in it Not so much the market stuff until later, but the fact that if you had two people in the room Like if you're giving a speech and you picked the birthdays Like one person was born on the eighth of the month And the other person was born on the 30th of the month if you added those together Uh, you would come out with six one eight once you got to the seventh iteration Do you remember that peter? I've never forgotten. No, I don't remember that I remember fascinating work with the fibonacci, but I don't remember that one larry Okay, what we hear what it was as you said you get two people in the room Peter, I know what you because you know, I'm knowing you forever almost But it was uh, it was uh, this was long before the f word was really popular But if you had someone has the eighth as a birthday the other person has uh, the 30th So you have eight and 30 you add those together and that gives you 38 then you had 38 to the 30 and then 38 to 80 when you get down to the eighth iteration adding them both together No matter what you come up with it's it goes back and forth from 0.6 It goes to that ratio to infinity and it stays there forever I I do remember talking about that because I was amazed right around that time I was amazed that I didn't relate it to birthdays But you can come up with any two numbers and two numbers on the top of your head And by the time you get to that iteration It'll be out the fibonacci ratio all over again. I was amazed by that I was too. I said now while we're talking this I don't know if we have time to talk about We got all the time you want my friend. Go ahead. Okay. So this is What because you mentioned the birthday thing? It's a birthday sucker bet And I can't give you the exact numbers because it's been so long since I talked about it But if you want a sucker bet to catch virtually anyone unless they're really really up on statistics Once you get more than 20 people together. I think The odds are even money that two of them have the same birthday And people will say yeah people say wait a minute. There's 369 in all many days There aren't a year once you get 20 of them. It's something like it might be less than 20 But once you get up to 35 or 40 people The odds are overwhelming that two of them will have the same birthday now The difference is you're not saying that you can pick someone out and say when's your birthday and someone else will have the same one You're taking down the birthdays of every one of the people And you'll match two of them almost certainly after you get beyond 20 people I've done this many times, you know the same thing. I believe the number is 30 peter's I recall But I don't think I've ever missed what I've had, you know 50 60 people in the room and they're always excited that somebody in the same room has a birthday when it's supposed to be One out of 365. I've never figured out. Yeah. Yeah Yeah, I I used to do that when I worked in night clubs in hollywood I would sing a song and then I'd say well, there's about 20 people out there. It's a quiet night. Let's play the birthday game Yeah Peter, you don't remember that right? Maybe you do but when you were entertaining You know speedy would take me down with you to see you play the the instruments and singing everything god I was so jealous of you Because you you're you're still handsome teller, but you look just like burt backrock back in those days and god Man, you were you were exciting. It was fun. The problem is you love the market more than you love the entertaining Yeah, that's true. I mean music was always my first love but I I certainly uh I made the music a jealous mistress because I The market's completely overwhelmed me passionately, you know, yeah And I know that's true with you. I know that's true. It's been a blessing for us Peter. It's kept us young Yeah, absolutely kept us young and kept us. I told my wife this you know, I'm 84 years old now And and I you know, I look at joe bighton and I agree with people I don't he doesn't know where he's going or what he's doing. I I don't feel anything like that I mean, maybe yeah, he doesn't either but I mean, I think I have the I think I have the uh You know, I'll wait to back it up in terms of my intellect and what's going on in the world that I stay on top of You know Yeah, I had a question about that. Do you remember the five grand? I let you about six years ago. Did you remember that? Yes, I did Peter we have a question here from someone in the tiger den here And that is uh, do you recall the market uh, the market bottom in 1974 when we had the big double bottom one in october And then one in december if I read don't ask me if I recall that bottom that bottom made my reputation larry that bottom I was on at that time. I was on kwh y in los angeles Absolutely The middle of 74 to the end of 74 and by the fall of 74, maybe september or so I pointed out a 212 week cycle In the market and I kept showing at that time. They didn't generate charts, you know, electronically Held up a chart in front of the Audience said look at this chart and they were the old man's field charts It said look at this and it was you know, it was crudely represented with lines and handwritten numbers and whatever But a 212 week cycle was due to resolve on the week of december 9th the 13th of 1974 On exactly december 9th of 1974. We hit a low that the markets never seen since then And and because I was advertising on tv that got me started in in the business I remember yeah steve hart and Gene morgan to all those guys. I mean they all looked up to you because boy you were the master of it. That's for sure That's really good. Listen. I know you're real busy But we're going to have you on again But you really think that we're right near market high in this zone up and where we are right now From me december january is going to be you know Because we have these resolutions, but you know, they're they're very long resolutions. We're talking about 90 year resolutions here 94 and so they may spill over a little bit, but I'm thinking that december january That we're going to get the turn begin then and it may not be an immediate thing Everyone gets you know, everyone wants to be dramatic and call for a crash. It might not be I don't see that. Yeah. On the other hand it it might be I'm not saying it won't But I'm just saying you don't require that all I'm saying is that prices 12 years from now Are going to be at or lower than they are now Okay, so when is that top going to come? I don't know but pretty reliably by valuation methods You can say we're going to be lower 12 years from now. That's 19 20 that's 20 35 I'll be near my 100th birthday and prices. I believe will be lower than then they will have you on the show then Haha, yeah We don't have to worry about the 94 year cycle just this last time because the next one we're going to miss for sure Unless some medical breakthroughs come through You know, I don't want to live that long because I lose my friends with they the jeff Eddie's horror son called me to tell me that he died I don't like answering the phone when I see people's names on it that I know that that's a little scary for me So yeah, it's really good And listen, I want to thank you and wish you folks a happy holidays and everything Your wife's name is susan, isn't it? No, my wife's name is marie Marie, okay. All right. She as I recall she had red hair. Am I correct with that? Yeah, correct with that That's right. I remember she was a knockout. I remember that. Hey, listen, buddy. Happy holidays to you and may god bless And uh, I hope to hear you again after the first of the year. Okay Oh peter anytime you have something really super just drop me a note and we'll get you on right away You know, that's great Thanks, peter lighties folks. Thanks peter. Thank god bless. Stay with us folks. We'll be right back If you're looking for potential trading setups in the stock market, then rocket equities and options report is a newsletter You should try tom. 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That's tfnn.com and hit watch tiger tv Okay folks, so that was uh peter leides my friend for many years folks I was that was way back in the My first meeting was at 66 and he was entertaining in the night clubs in the la beverly hills area And he played uh the piano The guitar the saxophone and the clarinet and god was he good? And not only that he was a good singer and dancer He could hold an audience in the palm of his hand the problem was he loved the markets a lot more than he loved the entertaining but uh, what a musical wizard he was he was so good at Just just an honor just to be hanging out with him. That's why when I talked to him these days I remember the days because you remember I I was just I was just a trader I didn't have any following or anything back in 73 74 and he he certainly did because kwh in It was eventually became financial news network Merrill Lynch came in and bought it out wwh why kwh y in los angeles And then that turned into cnbc because uh su herera went back with the idea It said let's do uh, you know financial news network worldwide and they took it right away That's how it all started with the it was uh, uh su herera and Ron and sauna and bill riffith those were the three that started the whole thing So that's where it came from. I still in contact with bill griffith, of course But uh, anyway, that's uh, that's what we're going to be looking at. So remember our guest here on tuesday Where everybody's going to be closed and I believe globe x is closed christmas night on monday that's supposed to be closed christmas night, but I Because of the half the world more than half the world is non christian You're probably going to see the markets open, but I don't know for sure I would I didn't check it but what I will do when I send my videos out and the newsletter this weekend I will alert you to the fact that what will be the global Trading hours for globe x on monday the 25th. We'll do that. So live every day in an attitude of gratitude and for god's sakes Please help people Talk to you folks. Thank you very much for joining us today