 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, Louis. We start today like we usually do, looking at the German Dax. And as you can see, it's been in a nice little uptrend, completing an ABCD as we speak, if you like ABCDs. And the next chart we want to show you is a really good example of a roaring rally in a tremendously bullish market like the German Bund. Folks, take a look at this. It's been going sideways here for four days, just barely making the 382 retracement. I don't know if you would define that as a dead cat bounce, but it would be pretty close. Now, today we're going to have Stan Harley as our guest at the half-hour break. And then next week, there's going to be something really special. I'm going to shake your tree a little bit. And on Monday, Tuesday, and Wednesday, I'm going to have John Jamison on. He's going to be talking about data dependency and how he uses Fibonacci with volume. You're going to blow your socks off, so don't miss those three days. And then on Thursday, Thursday is the day you open all your presents because we have Norman who calls it to the minute. Winske will be our guest. Remember, folks, that Monday is the autumn equinox. Those of you that ever get down to Mexico, down to Chichen Itza, down where the pyramids are, just south of Cozumel. And you will be able to see a pyramid that, when the sun hits it exactly at the top of the noon on that day, as the sun hits the pyramid, it starts forming 45-degree angles down the side of the pyramid. It looks like a snake going out into the jungle. There will only be about 400,000 or 500,000 people there that day. So make sure you get your reservation. It's easier to go on the Internet and pull it out and take a look at it. It would be much easier to do that. Hey, we got Mr. Z on the lines. Wow. How did you get through, Mr. Z? The lines were full. What's up, my friend? I slipped Al, the producer. A big one. You had to, because he's a toughie to work through. What can I do for you, buddy? You want to talk about corn, I think, right? I do. I've been waiting to mention this on a TF&N show until you returned. And your return here from the UK is timely, being the end of September, on account of the fact that there is the potential that the corn market here in 2019 has behaved back in 1993. I see you posted that chart. I see a bit of people in the Tiger's Den. I posted a chart showing the action back in 93. I flooded out that screen in 93. And mind you, harvest this year is delayed. They are harvesting corn down planted corn this year. It will take longer to mature, thinking back to nice 90 days of the year. Well, the three things that come off my head right off the bat would be rain. One, too cold weather. And three, any tweet from Washington. And four, a possibility of a trade agreement with China, which would release a lot of buying, possibly, agriculture, but you know, I'm not a fundamentalist. I don't know deadly squad about it, John. I look at the chart. If there's a chart there that tells me it's getting ready to go higher, you know, then I would certainly, and I happen to be long corn right now. And I would, that's all I would be saying there, but I think you're right about 93. All the factors are certainly there to make it do exactly that. So I'll be focusing on that. And thanks for bringing it to our attention. The work that you do here at the Den is incomparable. I certainly appreciate everybody in the Den knows what you do, but this was really great of stuff, information, John. So thank you so much, John Cheveny. My pleasure, Larry. You bet, buddy. We'll be right back. Pay a few bills, 877-927-6648. 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Total free at 1-877-927-6648. Internationally at 727-873-7618. Okay folks, I've been asked to talk a little bit about that artificial intelligence program that we've been working on, the neural network. I posted the chart of gold and as you can see the market was due to go higher and then have a substantial move to the downside. It's based on time folks, has nothing to do with price. That little red line that you see there is a time vibration line, has nothing at all to do with price. It just means that that is the time where the market should start to go up or down. Sometimes it works, sometimes it doesn't, but it works more than it doesn't. I'd like to show you what happened over the preceding few hours. It bottomed just a little while ago here, about 20 minutes ago and we should start higher for the next few weeks or the next few hours in gold if it's still okay. If we get below 1504 it's certainly wrong, but the key time today is at 1030, which is a half hour after this show is over. Watch the price of gold because if it's holding at a pretty good level and starts to move higher, it would have a pretty good probability of moving higher, but again, we don't know and of course nobody else does either if it's going to work or not. It has a probability of better than 75% when it works and when it works it really works and when it doesn't work, it doesn't work. Now let's talk about something that's really important. I'm going to post a chart here of the Chicago Mercantile Exchange. You're going to have to do the work yourself because I'm not going to tell you, but here is the daily equity volume interest for the E-mini, S&P, Nasdaq, Dow Jones and the Russell and I want you to go and check it for yourself to see how open interest did with the market going up into new high ground on very, very subpar volume and here we are 10 points away from an all-time high at almost at war with the round over this drone that was dropped. That reminds me so much of where we were in August of 1991, but what do I know? I'm going to run through this one more time to try to, you know, I believe me folks, now I'm not a fundamentalist. You guys know that. Those of you that are listening for the first time, I do not look at fundamentals. I don't look at fundamentals. I look at bar charts, look at cycles and things like that. That's all numbers is what I'm trying to look at. Here's the big picture as we see it here and this is going back. Remember, this is what I'm looking at a big picture. I want to get this up here. This will be the last time you see this one, folks, unless you belong to the 24-7 newsletter, which I'm going to expand on it, but you'll notice in 2000, we had a three drive to a top pattern. See that red arrow right there? If you look at 2007, we had a three drive to a top pattern and look where we have now a three drive to a top pattern. Now, this one's a little different and the reason why this one's a little different is because it is what we say in the technical trade it is absolutely perfect. Now, that doesn't mean it's going to work, but it just says that it's absolutely perfect. One, three and five are perfect in time and price. Two and three are perfect. Four and five are perfect. Four and five is 1.6 relationship of two to three. It's also three, eight, two of the one, two. I mean everything and this says that there is no time left and we could make the high today. We could make even a higher high on Monday into the equinox with a tweet or anything like that, but even if it pops up there, it's going to be really interesting to see if technical analysis works this time because so many things are lined up. But to be this close to a new high, possibly on the brink of at least a skirmish is really amazing, but that's the main thing. Now, let's go back and talk just a little bit about the open interest situation folks. You remember that bull go back about three weeks ago, every day on this show, I would tell you that the notes and bonds were screaming, please sell me, please sell me, please sell me because open interest was not increasing over the past five trading days and the indices we've seen increases in open interest, but yesterday with the market making new highs, there was a decrease in every single stock index. I mean every single one with the market making a new high. Folks, the buyers have gone on vacation. Now maybe they come back from vacation today and blow this out of the water, but that's my first little red flag up there if you're a technician, you know, if you believe in whether open interest works or not and that's a sum total of all the buyers and sellers. So let's take a look at it. We've got Stan Harley will rescue me here in about three minutes. We had a couple of questions here. One of them was about Bitcoin. I wanted to bring this up so you folks can take a quick look at it here. You'll see what it's done here overnight. Had that little bit of a bump up when gold had a nice little run. Folks at gold and silver, they sold off about $7 from high last night, but overall if you take a really close look at that gold and silver chart, pay very close attention to it folks because the low we made down there at $14.92 and the Christmas gold is very, very important. The reason why is you took out the lows of the last five or six trading days and didn't go anywhere. And you'll never guess what that price level was on a ratio basis. Well, since you're not going to guess, I'm not going to tell you, but it starts with a three, has an eight and a middle and a two on the end. Anyway, let's keep an eye on that because it's very important. Any move about $15.20 in the gold would tell me that we are heading up to take out that old high at $15.65. Another reason to believe that is on the way down, silver stopped within one half cent of the weekly gap that it left three weeks ago at $17.46. The low that we had, yes, this past week was $17.46 and a half, a half a cent gap still sitting there on the silver chart. So pay attention. I think these numbers mean something overall. So let's kind of watch out. Now, another thing that I wanted to talk just briefly about was what happened to me over in London. I mean, I listened to a program that was traded Monday through Friday with my friend. It was Saturday. We started, excuse me, Sunday we started, but some of the things that we talked about, I'm just going to show you a couple of them here just to give you an idea. This starts out with the free masons and all that kind of stuff and whatever that stuff means. It's really interesting, probably not too interesting to most people, but another thing that you want to remember here is that in our wonderful country where we live in, we've had 45 presidents. And if you take a look up here, you can see here that 14 of them were free masons. So there's a lot of stuff here, but we went through all things with, you know, the Rosalind Chapel and all the stuff with the Rothschilds and it was just really spectacular stuff. I wish I had the time and the ability to do it all, but of course, I really haven't been able to do that. We went through everything. I mean, it was just really amazing. It was an hour and a half each one of them, four hours, and if you want to see something, if you really like to look at things in history and stuff, if you'll take a look at this chart here that we have of the, hold on one second, of her holy mother, the queen here. If I can just get the thing to work, hold on just a second. I'm just thinking, oh, I'm having a rough time. Just give me a second to get this thing beeping here. There we go. Get this up here. You can see here on the left, you'll see the Knights Templar there and you'll notice that his cross and you take a look at the queen mother and it is the exact same thing and that goes back to a whole lot of things that people talk about when they're dealing in some of those things. It was very, very exciting to do this and hopefully someday I'll be able to share little bits and pieces of it. So we're going to take a little break here and we've got a real break. We've got Stan the Man Harley, the Harley stock market letter coming on. We'll be right back. We'll be right back. The path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas, then now's a perfect time for a 30 day free trial to this powerful daily trading advisory service. If you're looking for a 30 day free trial to this powerful daily trading advisory service, then you can get a full 30 day money back guarantee. With nothing to risk, sign up now to Larry Pesavento's Fibonacci 24 7th by visiting the front page of TFNN.com under trading newsletters. The path of least resistance is David White's powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. Using a combination of equity trades along with options, David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. 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The Art of Timing the Trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Okay, we're back, folks, and I believe we're talking with Stan Harley out of Phoenix, Arizona. Stan, how are you doing this morning, my friend? Good morning, my friend Larry. Just doing awesome. Thank you. Listen, before we start with the stock market, we've had a request from someone. He's reminded me three times. So could you give your rough idea of what you're looking at, gold, both short-term and long-term? Could you do that for us? I think the metals have probably seen a high, Larry. Okay. We tend to, going back over many, many years, I've found that there's a cycle that averages about 90, 94, 95, 96 months, roughly eight years right in there. And we're right in zone for that cycle to next recur. It last occurred in August, September, 2011. Well, you had eight years, and you are where we are right now. So I think it's a very good possibility that cycle has made its mark again, and we've seen a high, and we're going to start stir-stepping our way down. Metals have a tendency to make spike tops, rounded bottoms, just the opposite of what the stock market does. Stock market typically makes spike bottoms and rounded tops. But long and short of it is, Larry, I think the metals have probably seen a high, and we're going to start stir-stepping lower. Okay, that's fair enough. That's what he was asking for, and I think that should answer it. I think pretty good. Now, Stan, we're having some very low volume up in here. Do you have any comments about that? I mean, here we have what, quadruple witching hour today, and we're eight points away from a new high in the S&P. We're on the brink of war with Iran. We're on alert, so what's going to happen, buddy? I can relate. I'm a next Navy man. Well, I shouldn't joke about that. I was at a poker game once up in Scott, up there in your area at Scottsdale. I was playing in a tournament, and I was making a joke that I was a Navy SEAL, and the guy across the table said he shouldn't joke about that, and he lifted up his tart tattoo, and it said, my business is killing, and on his other side of his arm, he said, my business is good. He was an Navy SEAL. Oh, I remember that too vividly. Haven't done it since, except for just now. Shut up. Go ahead, Stan. Go ahead. That's too funny. Larry, when we knew I spoke a few weeks ago, I said then I thought the market would, was probably going to trend sideways and make a low in October. I've backed off from that. I'm thinking the low that I was looking for, the October low probably occurred in August. We are right here on the verge of making new highs. I am a little bit bothered, as you addressed about 15, 20 minutes ago, by the low volume. I think the low we saw a couple of days ago, coincident with the Fed-Med meeting, marked a short-term cycle low, but I would really like to see us put on ahead of steam here and rock it in a new high territory, and that's just not happening. So that's a little problematic for me. I'm in the camp right now that I'm bullish. I'm in the camp that says we are going to go into a new high, but I'll caveat that with there's a possibility we could stall here and maybe drift back lower into mid-October. I'm just not real sure at the moment, but if you hold my feet to the fire, I'm more in the bullish camp than I am anything bearish. Well, you've just aligned yourself with the not-sure camp, which about 99% of us are in that camp, so you're in good company, my friend. We're only one tweet away from a 300-point up move, or a 300-point down move is the way it looks. But anyway, that's neither here nor there. What about your Fibonacci timing? You had a low that was, you said in October, but you think that shortened up into August? I'm not sure of that. As we talked about last time, I've got a cycle going back, gosh, five, six, seven years. It's come in pretty regularly about every 96, 97 trading days, and that was due to recur again in mid-October, and I was pretty confident a couple of months ago that that was going to next make its mark. But cycles, Larry, they can track, they expand, they're not always a fixed-speed oscillator. And usually when I go on the air and make hay of something and say, okay, this cycle is due once again in this timeframe, the cycle gods above look down, and they go, ah, ah, ah, Stan, we're going to catch you on this one. We're going to make you look foolish here. So maybe that's what's happening, Larry. Stan, I go through that every single day. Five days a week. Do you have a problem with those guys too? Yeah, yeah, they do. Oh, you think something's going to happen? Let me show you what's really going to happen. Yeah, as soon as you put it out on the air and let everybody know, boy, the cycle gods, they're up there wringing their hands and they just can't wait to, you know, make us look a little foolish here down here on earth. That's for sure. Stan, let me ask you a question about the world indices. You know, you do some work there. You just don't just do the U.S. market. Is there anything that you see on the international front that's either a red flag or a black and white checkered flag? Do you see anything at all that looks really exciting? Well, that's a good question to raise. A couple of points. The European indices are laggards compared to the American counterparts. But then I look at the Toronto Index all-time high right now. Look at Australia. That's the average of an all-time high. So there's a little bit of both, depending on what position one wants to make, like a Democrat or Republican. One can make the case either way. Again, I think, I still think we're in a long-term bull market, whether we bust out the new highs here imminently or we stall off for a couple, we stall and drift lower before making new highs for a few more weeks. I'm struggling here to make the case either way. Again, I'm on the side of the bullish camp right now that says we do bust out the new highs, but I'm watching these things very carefully. I will also point out, I sent you a chart right before we came on the air of the New York Composite. I'm looking at the GAN rule of four pattern, and we've got three attempts to break through overhead resistance. We're making the fourth one right now, whether we break out here on the next day or two, or we stall and we do that later in October. As I said, it's a little uncertain to me, but eventually we are going to punch through on the upside, and I think we'll break through with the vengeance. The GAN rule of four pattern, when we break through, we usually sprint quite rapidly to the upside. That is really a really classical example of it, too, isn't it? Gosh, it just really lines up pretty good. Just tweeted me, not tweeted me, but they went into the room and asked a question. Those averages that you have there on the chart, green, blue, and red, do you want to tell the folks what those are and how you use them? Well, they're right there. There's a 50-day moving average, the 20-day moving average, and the 18-day moving. Is that correct? That is correct. There you just put my chart up the high back in January of a year ago. That was what I've got labeled as point number one. Then point number two was the high in September of October of last year. Point three was the July high and now we're making point four. And if you draw with a heavy felt-tip pen with your eye, horizontal line there, you can see those four points. We're on the verge of breaking through. Good. Hey, Stan, thanks for joining us, and we'll have you on again soon. I really appreciate your time, my friend. So, God bless. My pleasure, Larry. Thank you. You bet. Thank you. The Harley stock market letter, folks, always up there in the time we're digest rankings. We'll be right back. If you're in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. 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If you're a trader in the market looking for exposure to gold or gold mining equities, then now is a perfect time to sign up for Tom O'Brien's gold report. The summer is over. Gold is trading back above $1,500 and the 10-year treasury is hovering at around 1.5%. Tom O'Brien has been writing his weekly gold report for almost 18 years. There's no one that knows more about how the gold market trades and how gold mining equities react. New subscribers get a 30-day money-back guarantee, so you have nothing to lose. Every Monday morning, Tom publishes the XAU, HUI, GDX, the dollar, as well as more than 30 different mining equities. As of September 3rd, Gold Report subscribers have 5 active open positions with an average unrealized profit of almost 38% for each position. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up today by visiting TFNN.com Will the S&P 500 continue to climb to the top? The S&P 500 trades on U.S. large cap stocks in either direction trade SPXL, SPUU, or SPXS. Directions daily S&P 500, bull and bear leveraged ETFs. Direction leveraged ETFs. An investor should carefully consider a fund's investment objective, risks, charges and expenses before investing. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor foresight fund services, LLC. Okay, I've been asked to update that artificial intelligence thing on the gold. You'll see the low came in. Folks, remember that red line has nothing to do with price. It has to do with time. TIME, it's a vibration, it's not time. So watch 10.30 in the morning if it's pulling back at that point. That might be a good spot to look at it because it tells you that the market should turn at that point. But maybe it will work, maybe it won't. Let's move on to something that is spot on time right now with all the good news coming out of Brexit. Looks like many Trump over there. Oh, just a minute. Lorna, I'll be happy to do that for you. Let's put this chart up of the British pound first. We want to talk about that. I'm going to do this folks in the room. You just go to www.CME, Chicago MercantileExchange.com and then all you do is you hit data and by golly you're going to get the same chart that I had posted earlier. It's real simple. Even I can do it. That's how I know it's simple. But if you go to www.CME.com click on data, it'll say volume and open interest just scroll down to find the one that you're looking for and it will tell you the net change in the open interest. Now we got triple witching so the open interest in the September is gone and everybody's moving over to the Christmas December. But it's dropping. In other words, new people are not buying December. They're getting out of September, but they're not buying December. Supposedly, whether that means anything or not, I don't know, but I hope that helps. Take a look at this chart here folks on the British pound. If you remember down there we had made new lows from where we were back in 2017 after Brexit. We were fortunate enough to look at the daily chart there. We had a really nice ABCD buying opportunity down there it was 1995. We hit 2550 today folks that was the exact 382 retracement. You can see it there in light green where it goes back into the old resistance that it had back in June. Now if you wanted to be real creative and do a little bit of work like my friend over in the UK does is to measure the move that we had and this is a weekly chart from December of 2019 up to the high we made in March where we are right now. And woe and behold you're never going to believe that the move that we're having now is 61% of that move right there. So that's how those numbers line up that's why people have a real difficulty understanding Fibonacci numbers and what they really mean and I'm raising my hand because I only see bits and pieces of it but when you see that the relationship there between the highs and lows of the market has been really really really quite amazing. Another market that is under extreme pressure and I think is going to break a lot to the downside folks is the crude oil market. We've had a let's just bring up this chart for where we were here last Monday well it was actually Sunday night. You'll notice here that we had that move up to the 78% level at 63 and change. We're now trading at 69 and we're not going anywhere we can't even bounce. I mean that's looks like that bun chart I mean it just is really really a negative chart here and you know stop and think if you look at that chart on the weekly crude oil that it made an ABCD pattern from June through August right at the 78% level had been for a drone hitting Saudi Arabia and and I'm one of those people that I'm skeptical whose drone it was probably anyway let's but right now you know we're back into this zone here we're trading back at those old highs at 5850 so it's a very important spot here that we are in crude oil because any move below 58 is going to tell us that we're heading down into that 53 to 54 range to see if it's going to hold that level so the news has not made the crude oil move other than the one day you know there was a one day wonder and that didn't last very long actually if you notice that day it opened at 6335 immediately broke over a period of about four or five hours it broke down to 59 rallied all the way back to test the high then it went back below through that again that's not good price action folks with bullish news you have bullish news and the market doesn't react to it the only way that market can go is going down so we have to pay you know little attention to that as we see remember this is going to be our triple which quadruple witching day so it's going to be quite crazy especially in the last hour or so of the day as some of these people do this but Monday we should be should be normal we have that equinox coming in and that'll be always interesting to see because the the sun will be entering into Libra and one of the things that I learned when I was in London is the importance of the zodiac and the importance of Plato and it's just really incredible how you see how these things fit together so we'll see what's going on yes there's a article Mr. Z talking about it's in the news about a rogue oil trader who lose 320 million on a wrong way derivatives what was the guy's name from from the UK the the bearings bank what was it Nick Leason Nick Leason remember he lost a couple of billion dollars on the earthquake that they had in Japan at that time he was heavily you know a short a short to market it was a longer short I don't remember I don't mean whatever he did he didn't wrong anyway he's a rock star over there that he gets paid a lot of money for talking over in the UK now even though he buried one of the oldest banks in Europe he's now a rock star talking about what he did wrong I guess I still hope folks shut the front door and raise the rent we'll see what happens as we go through looking at some of these things we'll watch this as we look around remember we had bill bill meridian I'm going to bring this up to the post because I think you know we respect bills work he's always out there yes it ruby it affects the futures the stock indices it doesn't affect the other commodities at all no it just it's just the stock indices is the only thing that it does because and the stocks of course but that's it let's just take a look here that we got from bill meridian he sent this out Sunday to his folks he said Monday is a pivot point so far that number has not been taken out yet it's still early then he talks about the July 26th high that we did take that out by just a hair the last 30 years index has been down 23 times out of 30 between the 16th and the 25th so we got 23rd 24th and 25th to see what's going to happen 1980 the index has fallen 67% of the time between the 16th and the 30th so that increases the day out to the 30th 1980 the index declined 70% of the time between the 20th and the 28th and between the 17th has only been up 35% of the time and 17th was on Tuesday and it was down just a shade but you know didn't really didn't do very much but anyway that's those are the statistics that we're dealing with these are the data dependency things that John Jameson works on quite a bit and we're going to have him as a guest next week to show you some of the things exciting things that he really does because it's stuff that you know I don't see much new stuff but these last couple of four or five weeks I've seen nothing but new stuff and it's just really been exciting for me to see I've been really blessed to be at my age doing what I'm feeling like I just got out of college and the excitement of watching this stuff move around is just really really a lot of fun so we'll hopefully keep this thing going for a little bit longer here at the offices of Duke and Duke 100 South Broad Street Philadelphia Pennsylvania keep those cards and letters coming in unfortunately you're not going to be able to get through to the phone lines today folks they're all just flashing green and Al's just got his he's pulling his hair out over there in St. Petersburg and trying to get them all answered but we'll try to keep you on the flip flop for Monday we'll finish up the store here in just a minute and move on to the supermarket of commodities 877-927-6648 shut the front door and raise the rent I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes 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 sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step 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page of TFNN.com okay folks I posted some charts here towards the end of the show that people ask me to post one was the CME chart just go to www.cme.com click on data click on the date that you want you see there that was Thursday the 19th of September and it shows you with the open interest the open interest is a sum total of all the buyers when open interest goes up and prices go up that's very very bullish but if open interest drops and prices go up that means that buyers are leaving the market that's the situation that we're seeing now at least for one day in the stock index futures as it made new highs on very low volume but we'll see we got triple witching quadruple witching today so that's always and sometimes it doesn't do anything too but the sequinox that we have coming in here on Monday is going to be really exciting to look at the other chart I posted of course the last one was silver you can see that it's had some higher bottoms it's certainly lagging gold by quite a bit but the fact that we have not that low that we made down there you can see there that low on the 16th that was half a cent from the gap from two weeks ago that to me is just mind boggling that means somebody was sitting there with a bushel basket of orders that they couldn't get through it rallied quite a bit it rallied well over 50 cents from that level of 50 cents is not too much but in some markets it certainly is so keep a close eye on that so we'll see and that's basically it we're almost to the end of the line here one other question someone's asking me about is the bonds folks the bonds are in big trouble in fact there's big trouble everywhere the Fed has lost control as far as I can see I think this I think my two cents worth as a chartist and as common sense is that this negative interest rate reminds me of Chuck Ponzi over there in Boston in the 1920s it's nothing more than a Ponzi scheme Bernard Madoff would be really easy to work that kind of deal wouldn't he anyway that doesn't make any sense folks if you find somebody that does it please send them my way I'm going to make them a good deal I'm going to throw in a toaster so we'll be able to see what's going on so that's pretty much it and we'll see you on the flip flop on the equinox coming in on the 23rd of September at 9 in the AM may god bless