 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento, toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, looking good, Billy Ray feeling good, Lewis. Well, I got a bunch of questions this morning from you folks, and we're trying to answer them as we go along. The first chart I've posted is what I usually do is the long-term chart on the DAX. And you can see the patterns that have completed up there with the big ABCD patterns occurring. And then if you take a look at the smaller timeframe, the market's down a little bit today, looking at that ABCD on a shorter timeframe. Now, the reason why that is important, if you see that chart in the DAX, all you have to do is to go in last night and you'll be able to see exactly what happened with the E-mini S&P. Let me get this up here. When we hit the 30, can you believe these numbers? 33-36. Folks, on August 16, 1982, they started trading the CME at the Chicago Mercantile Exchange. The S&P pit opened, and they couldn't get anybody to go in the pit. Leo had to go out and pull people from the T-bill pits and other places because I had a suit on. I got to be in the picture in the pit like I was doing something, but there was really nothing going on. I don't think they did more than 20 or 30 trades that day, but the S&P was trading at 103, folks, from 103 to 3300. That's how much that thing has jumped since 1982. So that's just a little bit of history that you may or may not be interesting. But you'll notice that that pattern is exactly the same as what happened in the DAX. That's just a shorter-term pattern. And they happen just about everywhere. Now, if you take a look here, we see exactly the same thing in the NASDAQ. We'll get this up here to take a look at it. You'll be able to see that same pattern. And the high so far in the NASDAQ got up to, I think, 9,240. We're a tiny bit under that right now. One of the questions that someone asked is, how does this market compare to what happened with the dot-com bubble in 2000? There's no comparison. The dot-com bubble was a once-in-a-generation or once-in-a-lifetime thing that you'll probably never see again. I mean, we're talking 20 years ago, but these companies didn't even have sales. All they had was possible sales, and they were doubled in price. And this went on for just about two years, from 98 into March of 2000. And then in March of 2000, on the 24th of March, that's when the top of the NASDAQ came in. At 5,000, and here we are at 9,000. So you can see the move that we've had, but the market went from 5,000 down to 1,000. After that dot-com bubble popped, and the market broke into 2002, and then the market changed direction. Getting back to 2002, this was the SARS epidemic. I was in Guangzhou, China, where it started. During that time, and I did not know anything of what was going on. I was there for 10 days. I spoke at three universities in Guangzhou, and then I went on to Wuhan, where this coronavirus is right now. And all during that time in 2002, we never heard anything. There was nothing. The reason why I'm bringing this to your attention goes back to the next thing I want to talk about, and that is data coming out. In 2003, I was in Beijing, and I was giving a speech to the graduate students there, and one of the professors took me over to the economics department, where they issued all these reports, pretty much like our—I can't remember the name of the department it is, but it's where all the reports come out. The professor, Andy, told me, he said, look, these reports are ridiculous. And I said, why? He said, well, they make them up. He said, the numbers don't even—he said, they can't possibly fit. He said, but you can't change them. He said, because this is what we have to go on. And he told me what the number was going to be before it ever came out, and it was within 0.001% of exactly what it was supposed to be. So when you hear things in the news, and believe me, remember yesterday, I showed you how four companies control the media, and when you toss in Google and Facebook, I mean, they control it all. And that's why you see so much fake news and stuff out there. So be really careful about what you listen to and what you think is right. Let the markets decide, you know, where it's going to go. Now, today, on Davos, you know, I love to look at that show, because I've been to Davos, and it's just an incredible place right there in the middle of the Alps, colder than a grave digger's butt, but it's really pretty cool. But when you listen to every single person that was on there, it just gave a rosy outlook. There was not one person in there that said, gee, you know, maybe we're a little extended here. Nobody, not one person. In two days that I've been looking at this, that anything even remotely, and Ray Dalio, who's usually quite conservative, was very, very bullish, and Paul Tudor Jones was on, and it was very, very bullish. And they're right. This thing might go up for another year. I don't know. What I do is when the market moves, I just try to look at the patterns that allow me to enter and don't have to. I don't have to risk very much. We went short on Sunday night at a very nice price of $33.28. The market broke down to $33.08, and we ended up being out of that trade and break even. And may or may not have been a big one. I don't know, but that's just what I have to do. I look at the patterns, and you see them just over and over again, and that's what you're really, really watching. But we're accelerating today. I did want to bring up the Dow because it's been a tad weaker. I'll bring this up to show you what we're watching here just a second. Yeah, and folks, let me ask you a question. Bring us to your attention. Nine people have died in Wuhan when this coronavirus started. Do you realize that there's 1.4 billion people in China? They talk to us about nine people. Well, something is going on here. It must be very, very serious. And the reason why is we've got the Chinese New Year starting on the 25th into that new moon. And so that's a big thing. China is going to be closed for three or four days. And you've got 300 million people in China who will be traveling over that time frame. So this is what they're concerned about is the fact that this thing might be very, very... They don't have a cure for it, of course, but it might be very, very... move around quite a bit. So travel can really mess things up. Also, just for your information, is that they're out of these face masks that they use for covering your mouth and surgery and stuff. They're out of those. You can't buy them at Hong Kong. They're completely out of masks. And so I don't know what it is in China, but the people are scared and they probably should be. Well, I remember SARS was pretty much supposedly destroyed the world, but it actually didn't. So just remember that what you hear in the news is really quite amazing. In fact, when I heard Donald Trump today talk about the Dow should be 10,000 points higher, I said, by golly, that sounds pretty good. I remember Irving Fisher from Princeton University was talking about the stock market in September 1929 and said it reached a permanent high, 877-927-6648. Keep those cards and letters coming in, folks. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Well, corn's been holding up pretty good. We had a breakdown of beans we'll talk about in just a little bit, but this is an interesting pattern here on the daily chart. You can see up around, we're 9 cents higher this morning, folks. We hit 591 in the wheat, but what we want to do is to go in and look at it on a little bit longer time frame. We'll just get this March wheat up so you'll be able to see it and you'll be able to see that we are completing a beautiful ABCD pattern up in this area. So we should pay close attention to that because it's when we've been very bullish wheat, as you know, we got out of it, of course, quite a bit lower of 570 or so, but now we're up into that 590 level. And so it looks like it's going to be very interesting to see if that's going to be, look about to see that's going to work. David has posted a really cool quote here, one of my favorite authors, Mark Twain. Whenever you find yourself on the side of the majority, it's time to pause and reflect. And that's what I got out of that thing at Davos today is that everybody was just, it was almost like, and not only that, but I was very impressed with the fact that President Trump was so well-received considering he's got so much on his plate and, you know, under impeachment over here. And so it was really quite amazing. The fact that the stock market is this strong is a tribute to our economy and we'll see. But the problem that I see is the, you know, how people understand what the Fed is. And here's where we have some great news for you, folks. Let me get this up here. This is a chart that I posted yesterday from our good friend and colleague, Shane Smollion, from the Wolf Trader. And we are going, debt is, you're right, Marshall, debt's where it's at. But you'll notice here that we are, you know, time where the Fed is still pumping. But Shane is going to be our guest, I believe, next Wednesday. We're going to have him on for the whole show, I believe. And that'll be, that'll be fun. We're going to have an active day that day because that's a day that we have him on plus some other things that are going on. So we'll make sure that we'll be real well-prepared for that. All right. The next one, we talked about the wheat. We got that taken care of. Now let's talk about Mr. Elon. Oh, we want to do the, want to do the footsie here. Wow, this is the footsie weekly chart. Here again, you see the Gartley pattern that is here. It's actually backed off from that level already this week. In fact, it's only been the U.S. markets that have been going nuts. The Hang Seng turned down, China turned down, Dax turned down, footsie turned down, but we haven't done anything yet in the stock market. Ours might go up forever. If it does, that'll be probably a good thing. But when forever is over, that's when you have to worry. So we'll do one at a time. Let's take a look here at Tesla. I wanted to get this up here because it's very important. The reason why I think this is important, you notice here the 1.618. Tesla today folks is trading at, I believe 375. It's up $30, $30 higher than the 1.618. Now remember, we went from 547 all the way down to 498. Remember, we dropped that and then bada bing, bada boom. News comes out and he goes crazy. And then today, Mr. Trump gave him a very glowing report of how well he's doing. And he has to be a genius. I mean, this company was almost ready to go bankrupt about two years ago. And here it is now larger than Ford and General Motors combined. That's just amazing. $100 billion value. The only car company in the world that is bigger than them is Volkswagen. And that has a lot of different divisions. So who knows? In that little book only yesterday that talks about the things that was happening during 1929, people don't recall this, but there were over 2,000 automobile companies folks. And during that time, of course, it got down to three a little bit, a few 60, 70 years later. But that's neither here nor there. But if you stop and think what was happening during the 30s, folks, we were having electricity. My gosh, we were having refrigerators that you didn't have to put ice on the top. We had the telephone. Oh, my gosh. And we had the radio was starting to explode. And just shortly after that, the television came in in the late 50s. So this was a time that things went crazy. And yet the stock market gave back 90% of its value in 1929. I'm not saying this is 1929. I'm just saying that the market's a tad bit a little bit overexuberant. But hey, you can stay overexuberant for a long time. So we'll move on here and talk just a little bit about one other thing that I think is pretty important here. I posted the chart at Tesla. I wanted to make sure I did that. And I did that one. What was the other one? Oh, this is the one I wanted to mention. This is the one that's, if you like Fibonacci boys and girls, this is the one because it's either going to fish or cut bait on this one. This is the coffee. We've been talking about this for well over a week, well, two weeks probably, but watch this 111. We've been here now for three days at 111. This is either really strong support at 61% or its distribution. So keep an eye on the coffee. If you bought it at 111, your stops got to be at like 109. You've got to risk two cents in coffee, which is roughly $700. So that's the only way you can do it. The good part is you don't have to own a coffee plantation. You can just buy a future. And that takes it out of there out of your hands. You don't have to worry about somebody sharecropping it or anything for you. So you actually own it. So that's what we're watching in coffee, whether that's going to mean much or not. We have to wait and see. If you remember, yesterday we were talking about the soybeans and wanted to make sure we get up here. Oh dear, just a second here. I wanted to correct that. Where is the soybean? Yeah, here we go. Here's that soybean chart. And I want to get it up here to give you an idea here. Here is the soybeans. You'll notice we said it had to hold that 19 level and it didn't. It broke below it. Now we're trading at 9.19 again today. But that's basically a risk-free trade if you're going to do something like that. Because this market actually rallied about almost 20 cents up to 9.36 before it reversed. And that's what these numbers and patterns tell you is how much you have to risk. They do have some predictive value, but it's the question there. It's some. It's not all the time. You have to absolutely remember that. Here's a, David posted a short history of financial euphoria by John Kenneth Galbraith. Well, I really liked him. When I was in Indiana, he spoke there several times. One of my, I've told this before, but it's worth it. He was speaking to a graduate class in MBAs and he said, you'll learn more about going in and shorting a contract of soybeans than you ever will in two years of graduate school. And basically what he was referring to, it'll teach you about money management and risk and assessment of risk. And that's what he was referring to. He actually studied a great deal of, and I didn't know this until much later. He studied a great deal of John Michelle's work from the dimensions of paradise. So that's really, I'm going to do the Japanese yen next. Marshall, as soon as the break comes back, I want to do the relationship between that so that, you know, that's what we'll be watching. So anyway, we'll get back to you with this, the thing with the Japanese yen and gold and also in the stock market because there's a lot of talk about that. And I think we've got one more thing to cover. Let me post a chart here for the gold and we'll talk about that when we get back to the, for the break. Larry Pezzavento has just announced a special 90 minute live webinar taking place this month for subscribers to his Fibonacci 24-7 trading service. On January 29th from four till 5.30 p.m. Larry will be covering how to read supply and demand and how in combination with his trademark ABCD patterns, you can control risk and maximize profit in today's algo dominated markets. In this live 90 minute webinar, Larry will cover a hidden in plain sight trend change pattern that gives you early entry into the trend, how to find and update the key harmonic numbers to trade against in futures, forex and stocks, how to translate three go to patterns into supply and demand and how to use them for entries, the continued importance of the opening price in 2020 and how to use the time of day when taking a position and for entry into longer trends. 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What happens is that the market usually, stock markets usually rally because people borrow against the yen because it's at zero interest rates and they can take that money whenever that story happens to be. I'm a technician. I don't understand the fundamentals of it. But that's it. But what's interesting about this is you're seeing a divergence here now where the yen is moving one way and gold is moving the other. That's highly unusual. And here we are at a time when we're completing a whole bunch of patterns. I don't know what that means, but all I do know is if gold can get above 1575, then it's got a chance to turn bullish. But right now it's still in that negative spiral that we see because of that last five-day rally that we had that ended yesterday up at 1569. Then we dropped down to 1564. Hold on. Something's beeping to tell me, ah, that's it. That's what I wanted to hear. Hold on one second, folks. I have to be able to do something here. Very interesting today to keep an eye on the... Hold on one second here. Sorry. It's to keep an eye on the bonds because we're at a very, very critical level in those bonds up here at 158.25. We just took out those highs last week. We need the bonds to get moving rapidly. Rapidio otherwise is going to be a bigger drop than what we might have thought. So let's keep a very close eye on that. I hate to repeat that because you get these things in your vocabulary. Like, repeat that, or I'm only going to say this once, you know, that type of thing. And I say it more than once, whatever. We've had a question about natural gas, and I really... I'm going to cover natural gas right here, just right now. Remember, we're searching for a bottom here in natural gas. And believe me, when I say searching for a bottom, I don't mean loosely because we've had some really wild swings here since Sunday night. Let's get up here and take a look at natural gas. You'll see Sunday, on the 19th of January, we broke down all the way to this level right here, which was down. We were down $2,000 in natural gas, folks. And now we've gained 1,000 of it back, but we had a rally up to 195. It rallied 12 cents. It came down to the 61% retracement, 187. We're now trading at 191. What I'm watching for on this 15-minute chart is a really clear ABCD pattern and a fib point. Because if I get that, that's all I need to know because I can read the charts clearly because that's the sum total of all the buyers and sellers. That's not a problem. But if I see that pattern, much like we looked at in the S&P last night when it was at $33.35, you'd have to risk more than $0.03 on that, folks, because the $33.35 was a 1.618 expansion of the interday move so if it gets above that, the 1.618 has failed in Bada Bing, Bada Boom. You know, it's no good. Look what's happened to the 1.618s in Apple and Google and they destroyed them. Tesla, all of them have been destroyed. And Google gapped above the 1.618 level. So you have to think that these stocks could certainly be in a meltdown situation. We don't know, but the good part is nobody else does either. So what you really want to watch is to see how the overall situation gives you risk control. That's the whole thing of what we're really watching in here. Yes, oil is, after we hit, I think we've talked about this several times. Let's just review the oil market here because it's another one that here you had the most bullish possible things here. Get this up here to see where we are here. And I got this put up here so it'll be able to see it. Here's oil. You'll notice that that 57 level is so critical. We're trading below 58 now, 57 and change. Below 57, folks, is not good for the oil market. The reason why is you completed that big ABCD move up there when we had the thing that's been two weeks ago for heaven's sakes with the Iranian situation, whatever that was. Now that's not even in news anymore. Now we've got the flu, whatever. And here again, you've got these four companies that control all the news. Disney, Comcast, Telecom. I can't remember the third one or the fourth one, but they basically have control over the network. So whether free speech is going down the sidelines along with gun control, I don't know. All I do know is below 57 in the crude oil is not very good, especially after a three-day rally that really went nowhere. That's all I'm looking at. So I hope that helps, but it certainly doesn't look very bullish. And believe me, folks, no problem, Terry, happy to help on. Remember, Terry said, thanks for your thoughts on natural gas. That's exactly what they are, Terry. They're thoughts. I'm just looking at the charts. I have never seen a natural gas, well, I've probably seen a natural gas canister, but I don't know anything about it. The fundamentals, I don't know the contract size. All I know is $100 a point. And that's all I really need to know. I don't really need to know more than that. Just like Curly from City Slickers, he always held up one finger and he says, what does that mean? He said, do one thing and do it right. And that's what you try to do. The difference, folks, between when you first start trading and someone's been trading a long time is when you trade and realize that you're wrong, the older trader versus the guy that gets started, the neophyte, the difference is the older trader, he gets out of his losses faster. And that's the real difference. The fact is there's a quote that David used just the other day that I thought was pretty cool. And where did I write it? I even wrote the darn thing down. Where did I write it down? Oh, put it in the file. In other words, it's the man who loses the quickest is the better, the one who loses the fastest because he gets out of his position. So it's all about risk control, folks. No one can tell you what's going to happen next. Some people can think that they do, but not necessarily it's going to happen. That's a main thing to keep in mind as we're looking at these markets. I wanted to cover another one of the markets that we've been following for quite some time, and that is the hog market here. And we'll get this up here to tell you where we are here. We're trading around 75 right now. We almost made that exact 786 again, but it's holding as long as hogs can do that, but that's fine. Here's another example. When we had the Asian hog thing, you know, hogs were going to go up forever. And what did they do? They dropped in half. So be really careful with the news. And that's, if you read that book, Reminisances of a Stock Operator. I mean, that's just, it's just unbelievable. Oh boy. Oh, Crude's at 57.15. Thank you, Bob. That's a very nice thing to say today. Okay. That's good. Below 57. Watch it real close because it's either going to stop right at 57. And we'll see. Someone alert me if we get below that level. I'd like to, I'd like to know that. And we'll see a little bit here. Okay. Let's move back here. Yeah. 57. 50. Wow. We really got a, well, let's take a quick look at this oil, just, just why we can keep an eye on it. Hold on a second. Alrighty. We're making a big ABC down here. Let's do the hourly chart here quickly, folks. And I'll push it up and we'll, we'll see where we are. Oh, we're almost at the 786. That's that key number. Let's get it up here. And then we will see why we're looking at it. Oh, we have just broken it. Let's take a look at this when we get back from the break because this is at the moment of truth. Boys and girls, a fat lady singing. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period. 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An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors, distributor for side fund services, LLC. The Bull Bear Trading Hour with Tom and Tommy O'Brien. Next. Okay, folks, let's get up here. We'll take a quick look at this oil market. I want to bring it to your attention here. If you'll notice here, as we look at the longer-term chart here, this goes back over the last month or so. This is just a 60-minute chart. You see the low we made down there, 55-20. Then we had the thing with the Saudis. It rallied $10, and now we've given it back. Now we're breaking below the 78% level, folks. That's a very, very, very sign. And when you add to this the fact that if you just took a look at what our prediction was using AI, you'll notice that this was for a move down and we're now breaking. We're going to be below 5,700. It looks pretty closely through here. What I watch on these smaller-term charts is I watch how it repeats over and over again. And when you see that repetition, that gives you a chance to be looking at either being a buyer or seller. That's the real main thing. You notice when the market opens, as soon as the stock market opens, the algo traders come in and start buying, and they push it up very, very quickly. They're controlling the market a lot, folks. You've got to pay attention to that opening price in everything, not just the stocks. But when the market opens, that's when those orders are coming in, and that's what makes it pretty exciting as we look at some of these things unfolding here during the day. Let's keep an update of where we are here. We got as low as didn't do anything. If we get below 33.28 today, there might be a down day, half of a down day in the market, but we'll have to wait and see. Someone's asked me a question about the situation with gold. I mentioned it before. We need gold to get above $15.75. Right now, it's acting like it's making some type of a bottom in here, because yesterday's low was exactly a $618 of the move that we had from $15.43 up to $15.69. We pulled back right to the $618 at $15.48, and now we're trading about $10, $11 higher, so it's held that level. If it can test it one more time, then it's got a real chance. Those are just a few of the things that we want to be watching. I think that's what I would be paying attention to if I were a person that watched these markets closely, which I do. I do not watch them 24 hours a day, folks. I know you get those of you that subscribe to 24.7, they'll get things in the middle of the night. That's because I get up because Mother Nature, as you get older, the gravity part of your body as water goes downhill, as they say. Then when I come back to look at the prices, I can see if anything's really exciting. That's when I was watching the S&P last night up at that $33.36. We'll see if, in fact, that's going to be the case. We'll do one thing at a time here as we come through, and let's take a look here. Oh, you know, folks, I just want to reiterate, paying very, very close attention to the Treasury bonds. We're trading at 158.24. We've been as high as 158.26. That's a really key level. We took out the highs of the other day, and we'll see if that's going to mean anything. I know that everybody's watching the longer term. Let's just get this up here so we can look at this longer term chart on the bonds. And I wanted to show you where we are. Just give me one second, because there's a lot of people that are... This is a weekly chart. Yeah, well, you know, I've got one of those... Hold on a second here. I've got one of those new smartphones. You'll notice here in the long term weekly bonds, we did make a 382 retracement down there, so that has potential to be pretty bullish. But right now, it's taken nine days to move... This is weeks. It's taken eight weeks to get out of that low. That doesn't tell you that something's going to happen. But anything below 156 in those bonds would really, really be bad. We're trading 158.25 right now. So that's why we're looking at it. The top of the bonds was made four years ago, folks, up at 176. Then we made a 78% retracement with open interest dropping. By the way, open interest in all of the stock indices yesterday, and then that big up move, all open interest was increasing. So there was no indication there was short covering in there. But we've had a lot of short covering in the... Over the last month or so in the S&P, because we were at 3 million open interest, and now we're at 2.7 million. So we lost 300,000 contracts somewhere during that December going off the board. So that's what we're keeping an eye on here as we look at a few of these other things that we're paying attention to. Okay, we've got the oil trading at 5709. We're about ready to break below 57, and that's going to be an interesting thing, because we've already broken the 78% level. So we need to watch that closely also. Alrighty, let's move over here to just a little bit. Here's why I'm so interested in the bonds. There's a little tour here of what I'm watching. This is the forecast that I'm looking at today, and you'll see here that sometime around 10.30, let's say 11 o'clock, right around 11 o'clock, which is about an hour and 10 minutes from now, these bonds might start to move lower. We've taken out the highs the previous days and also last week's high. And if it doesn't keep charging ahead by 11 o'clock, that's going to tell you that they're selling coming in and you want to pay close attention to that. All right, someone's asked a question about the Euro. God bless these calls. Keep coming in, Al. I'm sorry to keep you swamped, buddy, but what can you do? What can you do? All right, let's move over here to the Euro. It's always a fun one to watch, and there it is. This is where I think we're going in the Euro. It is down to the 110. In fact, I think we're pretty close to there right now. I think that's pretty much where it's at, because I haven't updated it yet, because we've been coming down quite a bit. I believe we're really close to 110, 11070. I think that's where we are. Someone has to check it for me, but that's where we're headed. That's where the U.S. dollar will decide, you know, which direction it was going to go. And if you looked at this U.S. dollar chart, we highlighted that when it was happening, and the fact that it made a beautiful 382 retracement that took five days to complete, and then it exploded to the upside and it's continued to go higher as we speak. So that's what it looks like in the Euro. We're seeing the same thing. We're having a little bit of strength in the British pound. It's holding up relatively well. But the Australian dollar backed off, the Canadian, all of them, the Japanese yen, you can see it's having some trouble at that 110 level. That's another thing that's a little bit troubling of what's going on in somebody's market. So let's see what's happened. So we'll see. But tomorrow, okay, we're getting really close to it, Bob. Yeah, we're very close to that level in the Euro right now, so we need to be watching it in this next day or two. But I think the ones to key on today is the bond market, of course, and that's the one that I focus on because that's pretty big money in there. Remember the bonds trade about six times as much as the E-minis, open interest? So it's a big market and that's where the debt is. So we'll watch that. Tomorrow, we'll have Storm and Norman Nixon. He played for the Lakers. Storm and Norman Winsky will be our guest from Astro Trend. Is that what you say? Astro Trend? And then on Friday, we'll have Tom Hougard as our guest. That's what I'm planning. He's back from vacation, so hopefully if he's got the time, he'll be able to do it. But the main thing is we've got Shane Smollion next Wednesday, the 29th, and that'll be a really interesting show because he's got so much stuff that is, that is useful that it's really a lot of fun. So let's take a look. 877-927-6648. Author of Mastering Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is, markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. 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Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page. TFNN.com Educating Investors Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand-drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now, you can get a two-week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com. Cancel it anytime during that trial and pay absolutely nothing. Get your two-week free trial to Basil's newsletter of the opening call 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, we're back folks. Let's get back into this. Yeah, the bonds, watch the bonds at 11 o'clock folks. If they're under 158 24, that's going to be very, very negative. In my opinion, of course, opinions are like armpits. Everybody has one and it usually smells. Let's take a quick look here at another one that hit a really nice number here this morning that we follow quite closely here is the British Pound. As you can see, we got up to that 1.3150. We've only sold off about 20 or 30 pips in that level, but that's telling you if we get above the 1.3150, it could be quite bullish and if you look at it really closely from where we were on the 20th, you'll notice that it's made a really nice ABCD so it tells us we got some resistance. You'll notice that these dark black lines you see coming down, those are just the harmonic numbers in the British Pound. It keeps repeating over and over again over a whole period of time. You can see that it's been falling exactly the same time and then once you took out that high, it changed the vibration and that's what it does. It either expands or contracts and that's why you want to pay attention to harmonic numbers because they do expand and contract, but they do it in the natural part of the market. What I'm saying is we have a harmonic number in gold that is, say 34 half of that is 17 and you can see that the harmonic number is about $11 in gold and that's for the shorter term training of course but that's it. I know I was never a Laker fan. I was a fan of the Boston Celtics number 33 Larry Bird from French Lick, Indiana. Got to meet that guy a couple of times at his birthday party. He was born on December the 4th but his parties were on July the 4th because the Celtics were always playing in December so we had a big party next Gibson's farm catfish fry and everything. Okay, let's move on. Oh my goodness the time has come up. Al, you're going to have to turn off the radio show here for the board. We're no more people calling in today so we'll watch it closely. Anyway live every day in an attitude of gratitude my friends and may God bless and try to do something for someone that doesn't have as much as you and you'll feel a lot better. May God bless. Thank you.