 Okay folks, Larry Pesavento, mid-afternoon update for TFNN. Our guest today will be Peter Lides of Lides Stock Market Cycles. He'll be on at 1.30, all we have some great information. I posted the chart here of the Dow Jones e-mini as of yesterday when we made that 3.82 retracement about two hours after the market had opened. We talked about that and of course we've went down substantially from that level today. We'll update that. When we go into the charts for today as we go into the second part, folks, we have a situation with the Federal Reserve will be coming out today and we have two days here of talking about what they're doing. It doesn't make it too much difference what they're talking about, folks. Interest rates are going to be going higher. The bond market is telling us that and we'll look at that also but these markets are not acting as well as you might think they are. In fact, we've come down from 35,360 to 36,000 in just a matter of three trading days and that is not usually a very good sign. That's from where we were last Friday. If you remember, everything looks so good early in the morning but then it didn't look good a little bit later. Everything's getting hit a little bit. With the exception of gold, it's up a very, very tiny bit and it just made the 61 retracement up there at 19,000, try it again Larry, 19,588 was the exact number and the high on the gold today was 19,588. We were fortunate enough to get the sell off there at 35,8. We got it now. Stop it. Break even has a small lead in it but that's better but we've got the Fed out here and of course anything can happen and it usually does. So with the worst, you have to stop it, break even on that position to see what's happening. Stocks continue. We're coming in for some type of a bottom here for a short term down here around 44,60 level in the S&P but I don't think that's going to last very long because the price objectives that we're looking at look much lower actually. So let's keep those in mind. It's not how much money you make folks. It's how much money you don't lose. So stay tuned 877-927-6648.