 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento all now toll free at 1-877-927-6648 or internationally at 727-445-1044. Now, Larry Pezzavento. Okay, looking good, Billy Ray feeling good, Lewis. We're going to start out with the German Dax like we usually do. And then we're going to quickly move over to the gold market because we had several requests here. You can see here in the German Dax that we had a little bit of a rally. We're back up against that 786% retracement again. The pattern has completed. The $64 question is, do we break out to the upside or head back down again? We won't know the answer to that, of course, until tomorrow. But we are at pretty significant resistance up here near the highs today in the German Dax. So you can see over the past, on this hourly chart, you can see we've been there one, two, three, four times over the past month. So it's a very significant one to pay very, very close attention to, at least from our opinion. So let's remember that. You'll remember, folks, we were looking at gold last week to come up to have a little bit of rally up into that possible 382 level where the big ABCD level was hanging right there. And this is really important, folks, where we are here in the gold. I'll update it in just a second, but let's talk about this for just a moment because it really is important. You'll see the 1.618 expansion during February. We went down from 38th of January. Hello, everybody. We went from the 31st of January down into February the 13th. Then we have the 1.618 expansion to the upside. Absolutely perfectly. You can see the bottom was made into 1.618 expansion to the downside. And now we're working on this ABCD pattern that we talked about here. Notice that thick black line there, folks. That's very important. And the reason for that is that it's not only going to be an ABCD pattern, but it is also going to be into that resistance level that we had. That level comes in at 1311. That's where the ABCD pattern finally lines up the way that it looks like it should. Now, whether that's going, well, we already know that it's happened. So let's just see where we are this morning because let's get it up here. It'll give us a pretty good idea of where we stand. Okay. Here's where we are up to date now. You can see the dark black line. We have completed the ABCD pattern. I didn't draw it in on this chart because I want you to think for yourself to see where you are. But this is what we're looking at. You'll notice that the downtrend line that we have there today is very, very important for three different reasons. First reason, it's a cycle low of 19 periods, which is basically a three and a half day cycle in gold. You can see the lows that were made there. And we had a three and a half day cycle low on the 11th. And here we are on the 14th, which is Pi Day. We'll talk about that a little later. But where we landed this morning, down at 1296, that tells us that we are right at the 61% retracement of the low that we made back on the 11th. And we're right at the 382 retracement of the low that we made back on the 7th. So we have two major numbers hanging in there. In addition to that, the high yesterday was at 311. And now we've come down to 396. So that's 411. That's 15. That's only $2 away from the harmonic number in gold. So the key here is very simple. Below 1293, folks, this is not going to look very good. So if we break below 1293 in the gold, we would expect it to start to come down. Now, if you look at this long return, remember with that ABCD pattern that we had put in there between the 7th and yesterday, the 14th or the 13th, that was exactly a 382 retracement from the high. That sets up a potential for an A, B, CD to the downside. And that takes you all the way down to 1250 and ounce. You know, that's another 48 bucks from where we are right now. And so this is the key to me, the 1290 level is very, very important below that. Well, 1291 anything below that tells us that we're most probably getting ready to have a pretty significant reaction to the downside. So this ABCD pattern at the 382 with all of that stuff that was occurring means a very, very... It's just incredibly important, folks. I want to highlight that ABCD pattern again because it is that important. Alrighty. Okay, they're quoting Sir John Templeton saying the four most important words in adventure. And an interesting is it's different this time. That's probably true in all of life, I guess, David. But let's take a look at this chart one more time. There's the ABCD pattern, 382. So that's what we're going to look at. Now, because today is Pi Day, Pi Day is 3.14. We're going to talk about Pi just a little bit here. This is from our good friend down in Queensland, Australia with a master of sacred geometry. It is Mr. Bryce Gilmore. This book came out, the chart from this book came out in 1970, at the same time that the Profit Magic of Stock Transaction timing book by James Hurst came out. This book was the Thrust Method of Stock Market Analysis by William Garrett. They were both engineers. They were both published by the same company. And the Profit Magic book was $8.95. The Thrust book was $29.95. So they didn't sell very many. Mrs. Garrett, who I met many years later, said they sold less than 200 copies and all the rest were destroyed. I found this rare book back in 1983. I had it in my library. And one day I happened to look at this chart right here. And this is very important because you don't have to be a rocket scientist to figure this out. But let me explain to you, oh, we got to get it so we can see Pi a little bit better. Can't wait. There we go. You can see the top level of this structure where you have the square, the ellipses and the circles. The top of that is Pi 3.14. Now, the market expands by using .618. You'll see it there in the bottom to 1.618 to 2.618 and then out to Pi. When you're looking at the chambered nautilus, folks, you'll remember that little ammonite that we talked about once in a while. It looks like the spire mirror ballast. Well, at the end of that spire mirror ballast is what Pi is. And what you're doing is a pattern recognition swing trader. You're trying to find where you are along this procession of cycles and expansions and contractions. And really the theory behind what you're doing. It takes a little time to do it, of course, but that's what you're watching. So today is Pi Day 3.14, and it happens every year. Thanks a lot, David. I forgot all about it, but always a big deal to remember the some of these things that we're looking at. We're going to have a break here in just a minute. And then when we get back, we want to talk a little bit about the British pound, which is the Vogue currency in play now mainly because of the Brexit potential that's out there. So we'll need to watch that. And also before we get to the British pound, we need to talk about the stock market, because something big happened yesterday and something big happened yesterday. And then we'll take a quick look at the rest of them as we go through starting with the British pound. The first thing we'll look at when we get back will be the stock market through the eyes of the NASDAQ. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. 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The team at Taz has even put together a 12-part video series to walk you through every aspect of the Taz Profile Scanner, which you can find directly on the Taz Order page at TFNN.com. Sign up now for only $97 a month with a risk-free 30-day trial so you have nothing to lose and everything to gain. See for yourself how you can harness the full power of the Taz Profile Scanner by visiting the front page of TFNN.com today, and you'll find the Taz Profile Scanner under the Services section. Remember, with a 30-day money-back guarantee, you have nothing to lose. Don't let another day pass you by without trying out this amazing piece of software that will revolutionize how you look at the market and how you place trades. Sign up today. Many of our new listeners have heard about the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable, moderated atmosphere. 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You'll notice that we were hanging there at that 75% retracement, which is not one of the numbers that we use for sacred geometry. We use basically the Fibonacci sequence 618786 retracting and 1.271.618 expansing. Nothing new. Don't want to teach you how to suck eggs on that one. But if you look at this NASDAQ, you'll see that the big ABCD pattern that we made down there on December 24th, and we've gone over this so many times, it's really not necessary. But the one that you really need to do is what happened yesterday, folks, because it was very, very important. And this is going to be the whole gamela in the stock market based on pattern recognition. You'll notice that we had that level of 7200. We went down to 7000 and we immediately rallied 288 points up to the exact 78% level. And this is really important, folks, closing strong today. And repeat this one more time. Closing strong today in the NASDAQ sets up an easy attempt to get above the old highs at 7700. So the key today is, or tomorrow, either day, of course, because if we do close lower, that head and shoulders pattern that we looked at in the composite is still absolutely perfect. But if, in fact, we close really strongly today or tomorrow in the NASDAQ. I'm talking above the 7300 level. This long term, you'll notice here, let's just get it up here so you can see it. Here's where we came in on Sunday. We had made that top. And what we've done now is we have reversed that big downtrend day right there. We've reversed that and now we went right back to that level again. So keep an eye on it because it's very, very important this close that we have today and tomorrow in the NASDAQ. Below this high of 7300 tells us that we're going to be moving a little bit higher. Marshall's asking, is it a good time to buy Boeing? Well, Marshall, all I can tell you is it's much better to buy it today than it was about a week ago because it's on sale right now. Whether these planes are, you know, that's all about politics is my opinion, but I don't want to go there. But it's certainly, look, just my, hey, Marshall, let's look at the chart. Let's take a quick look at Boeing. Let's just do this together. This would be some fun. We don't get to do this very often here because I'm always here flapping my gums. And if we take a look here at the chart of Boeing, oh, it's had a tiny bit of a sell-off. Well, hey, we're right back into the gap area. There's nothing wrong with that. Let's just take a quick look here and see where we are. Let's look at the 61% retracement coming off the bottom. We've actually right at the 50% level right now. And let's just get up here and take a look at it. Actually, it looks like it's made some type of a bottom in here, folks. We got down as low as $363. We're $14 higher. We did go lower than the day on Monday. So this is most probably a buy. And we went right back to the old highs where the gap was. So we filled the gap in Boeing. And certainly look at the three drive to a bottom pattern that we had back on December 24th. I mean, that was doing what the rest of the market was doing. So it's had a really strong support zone. You got a $377 stock. The low was $363. You only have to risk 4% to see if you're right. So it's probably... I'm not particularly going to buy this one because of that big gap down. And that's what scares me. And I don't trade stocks, but that's what would scare me on this chart was that big gap down. And I wouldn't expect any more than a 382 rally. And that would come in right around 400 into that gap area. So I wouldn't touch it here. That's basically what I'm looking at here. Let's keep a look at it. It's down $3 this morning where Mr. Gator told us that. So that means it's trading it around 374. So I wouldn't touch it. It's just not worth the effort in my opinion. I want to move over here to the British pound here, folks, because we've had a couple of inquiries about this because of what's going on with Brexit. And let's take a look at this British pound here on a long-term basis. We're going to go back five years back into 2015. Let's just look at where we were in 2015. You see, we had that really strong market that rallied up. We went from 146 in the British pound up to 158, 12 handles. You'll notice that the equal rally that we had back on June of 2016 where Brexit was occurring exactly the same amount of the rally. We rallied another 14 points right into that, which was a 61% retracement from the high back on 2015. And of course, you see there was a tiny bit of a sell-off from that level when we went from the 150 level spot on all the way down to the 119 level where we made some type of a bottom. Now, let's walk through this because this is, I think, relatively important because we could be looking at the same scenario here in the British pound that we're looking at in the gold. You'll notice that after the bottom was made, you'll see that bottom is very similar to what we made in gold just recently at 1281. And then you see the ABCD structure starting to form. Well, if these hold at that 1290 level in the gold, you could be looking at the same type of pattern. So you'll notice the market goes up during 2017 and 2018 in beautiful ABCD format. You have three of them there. They line up right at the 78% level that came in at the 143 level, 143.70, I believe. And you'll notice that once we got, it was actually 143.91. And that was the 78% level from the Brexit high. You'll notice that it was also a double top. We double topped in July. And it happened again to us in April. You'll see there in the British pound. And from there, you come all the way down to make a 78% level retracement down at the bottom there at 12465. We pointed this out probably half a dozen times, if not more. But anyway, you'll notice that after the bottom was made and also it was a double bottom there at 124.70, you started to have a little bit of rally and the market broke that dark black down trend line. You see that trend line that's going down there? That's just nothing more than a natural valid trend line. A valid trend line is a trend line that's based on Fibonacci numbers. So the market comes down, rallies back to touch the trend line, which is usually 618 or 786 and goes down, makes a new low. And you'll see what happens once you break above that trend line, then it comes back and touches it at the 61% retracement. That's that black line. You'll see the 61% retracement there. But being by the boom folks, that's a 20-man line. Jim 20-man did a whole lot of work with W.D. Gantt over the years. And the one thing that he found with these lines, they have a tendency to go back and test these lines. This particular one acts like a fulcrum. In other words, it lacks like, you know, when you're on a teeter totter and you drop something really hard on one end, it takes off on the other end. That's what we're possibly looking at here in the British pound out from the upside. If we start this, and this is really a bull market, the next upside potential here will be right at 135. We're trading at 132.87. So we're roughly 200 pips away from that level. And believe me, if anything happens, exciting on Brexit, on the 29th of March, it'll get there very, very quickly, folks. That's nearly the bottom line of what we're seeing here in the British pound. So that's the skinny on the mini. So we want to watch this very, very closely at that 135 level if we get there. And not only that, and not only that, it will be that same equal rally that we had way back in 2015, 2016. So we need to watch that too. 877-927-6648. Welcome to his subscribers on a daily basis when the markets opened and even on weekends. Each Monday you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out. And throughout the week, when warranted, Larry will send out via charts or videos or both the key markets that he is watching during the day. This will be up to the date active trading information that will help you in your daily trading. In Larry's first week alone, he sent out 25 charts, six videos, and a full report to his subscribers in just one week. If you're a technical trader that uses patterns and retracements to trade, then Larry's service Fibonacci 24-7 is something that you must try. Right now, new subscribers can get a full 30-day money back guarantee. With nothing to risk, sign up now to Larry Pesevento's Fibonacci 24-7 by visiting the front page of TFNN.com under Trading Newsletters. 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For all the details, and to start your 30-day free trial today, log on to TFNN.com now. TFNN is excited about our new software charting program, The Art of Timing the Trade Charts. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. 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. All right, folks, we're going to take a look here at Lean Hogs. You'll see that the June Hogs got down to that 78% level just about two weeks ago, a beautiful three-drive to a bottom pattern also completing at that spot. We've had a really strong rally now, folks. So this trade, if you're in this, you should be really liquidating most of it or at least raising your stop up to a very, very tight level. I would suggest mainly 78%, but frankly, we exited it yesterday and we're just waiting to see what the next thing we would be buying. Now, one of the reasons that we did, you notice we had that really strong move and we went right up to that 61% retracement twice. And for us, that's a pretty good indication that maybe we're ready for a little bit of a pullback to the downside, especially after the nice eight or nine-day run that we've had in that. So I think that's relatively important to keep a close eye on that one because on the pullback, and if we do get the pullback, you'd be looking at trading in the direction of that longer-term trend. That 786 would be a tremendous bottom and we want to be watching it very, very closely. We've had a request here to take a look at Bitcoin. I want to bring it up here because we've been going sideways after hitting that beautiful Gartley pattern on the downside. That was a perfect 78% level down there at 3300. We rallied up to the 78% level, which was 4150, then down into the 61% retracement there at 3850. And now we're trading around 3900. This morning we've been going sideways here for six days. So that is not a bearish pattern, folks. And you notice that dark line that you see there going from the high way back in December and ending down there at 3600. That's also that 20-man line that can act as a fulcrum, and it's certainly that way. If we get above the 4200 level, the next level would be $5,000 a share. And as we know, this thing moves around a lot. As we've said many, many times, we've never done a trade in a cryptocurrency, not one single one. And all we're doing is watching it because it could be the Vogue. It's not all about cryptocurrencies. It's about the blockchain technology. And that's why I think it is relatively important. So pay sort of close attention to that. Now, someone's had a question about the gold. There's been a chart that's out on the Internet that comes from Optima, which is, I believe, it's an option trading thing. It's a relationship between gold and the S&P 500. Let's get this up here and let you take a look at it. You make your own determinations. You can see the patterns that are there. But you can see the S&P 500 going down into that December load. That's when gold topped. So if the stock market is really getting ready to rally from here, that means gold is getting ready to go down. And we're going to know that in the next few days. Folks, I don't trade intermarket relationships like this. They don't mean anything to me because they're too hard for me to understand. And they shift and have lots of inversions as you go through. Because if you're going to do some trading and you're going to use pattern recognition, remember the most important thing to remember is that bar chart that you see on that candlestick is the sum total of all the buyers and sellers that are out there, boys and girls. So if prices are going up, there's more buying. If prices are going down, there's more selling. If you remember back when the market was getting hammered 600 points a day, Tesla was up that day. If you remember with the market down and there were 90% of the issues on the stock market were down. Son of a gun, guess what happened? Netflix was up six points on that day. And of course, when the market turned the next day, Netflix gapped up and ended up being one of the stronger rallying. So watch what the prices are doing. If prices are going up, there's more buyers. If prices are going down, there's more sellers. That's a sum total of all the supply demand information that you know because that's real money crossing the tape. And the one thing to remember about these folks that are out there trading against these folks, they can give us misinformation. They can lie to us. They can issue reports. They can be on the television telling you one thing. But the one thing they can't do is they can't hide from you because if they're buying, prices will go up. If they're selling, prices will go down. We've seen this in Enron, you know, WorldCom. We've seen it in so many things. So watch that. That's very important to remember. Remember when these reports come out, whether it's a GDP non-farm payroll and it's extremely bullish and the market doesn't react to that, the market's giving you a lot of information there. And we try to bring it to your attention, but you know, you can't be everywhere to everyone. So you've got to learn to, you know, defy human nature, as Jim Twaineman says, and do the work yourself and take responsibility for it because you're the one to get the accolades if you book a nice profit and you're the one that has to take the heat if you take a loss. And that's the bottom line. Nothing any more simple than that, folks. Keep in mind it is quite that simple, actually, because it's really, it's not that hard. I mean, you've got some patterns to look at and sometimes they work, sometimes they don't, of course, but they work more than they fail and that's the key to really looking at it. Okay, here we're talking a little bit about, oh, the Treasury bonds. Mr. Z is asking a question about the Treasury bonds. Treasury bonds, you know, hey, there's nobody on this planet that's more bearish than I am in long-term Treasury bonds, but if you take a look at this, take a look at this chart because this is where we're trading right now. This is the 30-year bond over the past nine months. That's a head and shoulders pattern, boys and girls. Look at that. You've got your left shoulder in May. You've got your head in October. You've got your right shoulder in March. Just tap there. This is about four or five days ago and it was at a 382 retracement. Hello, ABCD. We know what that is. Gartley said, buy the first ABCD pattern in a bull market. If that's a bull market, that's the first ABCD. We've been as high as 146-18. We're trading right now at around the 145-29 level, but if we get anywhere near above that 148 level, you're looking at a possible 156. And even with this, folks, even with this move like this, 156 would be nothing more than a 61% retracement of the whole move down from three years ago when we topped at 177. So that's a possibility of making it. Hey, I've been bearish bonds a long time, but when they stopped there with that head and shoulders pattern, you've got to respect that. And not only that, but the right shoulder, look how much higher it is in the left shoulder. That's not bearish. So, you know, if it goes below 143, it's all bullpucky because right now it's acting the way that it should. But if we do get below 143, this head and shoulders pattern is kaput, and that pattern for the ABCD pattern at the 3A2 is kaput also. So that's the key level to look at. That's all I know and that's all I'm going to say because what it is is what it shall be and what it shall be is what it is. Bob up in Washington is asking any change in the corn and wheat? Well, of course, wheat had the big bottom. We talked about that on Monday. Had its rally over 30 cents, it pulled back to a 61% retracement. Looking pretty good. I spoke with Simon Lee of Silvis Financial yesterday, the big grain hedger, and he says that he's hearing the drums beating across the Asian continent from China that they're beginning to start to buy corn now. So whether that's going to be the case or not, there's been a virtually dead cat, well, not even a dead cat bouncing the corn and wheat, but they are starting to look at folks. We're in the planning situation now. Well, they can't plant now because there's still snow on the ground or it's too wet. But as we get into the planning, you're going to be seeing a lot of changes in these grains, so we need to watch it closely. But right now, I see nothing to do in the corn. Watch wheat on a pullback. That might be a goodbye. If you are in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the Tax Opportunity Zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. 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. That same $50,000 investment in the Tiger First Mortgage Program would give you $3,500 per year, or $14,000 over the four years. 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Next on TFNN. Okay, folks, we're going to take a look here at the U.S. Dollar Index. You'll notice last week we were talking about the potential for that double top to be there. We did take the high out by just a little bit on that left-hand top there, which means there were just a few stops there. I was telling you a lot of supply coming in. We had a pretty good correction this week so far. One more day to go, but that is a double top. And it's very important because remember on the long-term weekly chart on that dollar index that it did take out the high of the head and shoulders pattern. This is what we're watching here. Remember what we were talking about with that Treasury bond? Here is what it looks like on the long-term weekly on the Euro. You'll see he had a beautiful head and shoulders pattern back there in November. This is a weekly chart, of course. We took out those highs by just a little bit in that dollar index. It didn't go anywhere, but we took out the highs and that negates that head and shoulders pattern. So that means this could be changing to bullish and we're watching it closely, of course, but we did get up to the perfect 61% retracement in the Euro last night up at that 1.1354 level. I'm not sure where we're trading this morning because I've been busy working on the show. Let's just check some of these patterns. We're trading at the same price, 132. Well, we came all the way down to 13302. We got up to 1340, came down to 95. We're trading at 13302 right now. So take a quick look at that and you'll see that it's got a potential here to start to sell off. We've already made the 382 of that move. So this is another one that looks pretty interesting. The gold's still hanging here and around the 1293 level, the low so far has been 1292.50. But if we get below that 1290 level folks, that is not going to be bullish for gold that we've already mentioned. So keep a close eye on that. Now, my friend Byron Tucker sent some really interesting things that we always like to hear Basil Chapman talk about the different things that happen in the world and how skyscrapers are built at certain times. But Byron sent some really interesting statistics on millionaires. I'll share them with you quickly here because I think it's worth a little bit. You'll notice here, these are the different countries in the world where the high individuals have net worth. You can see the United States leads everybody by a long shot and then you notice here on the other side, this is where the combined wealth of the high net worth individuals is moving the fastest. Now, you've got about 20 countries there, folks. There's only one country on there that I have not visited and I'll tell you I'm not going to go there and that is Bangladesh. Anyway, that's one of the things that you look at is what's happening with assets and things like that because it's really interesting to see what's happening. Here's another one that he sent, one of these trend-setting things and if you look at this here, we'll notice here that you've got the America's Love Affair with plastic surgery. You can see the growth pattern in that. So a lot of extra money out there floating around and they're going to try to find a way to spend it. That's the way it looks from the cheap seats here out in the desert where it was snowing yesterday and a balmy 57 degrees, folks. This is very, very cold for our area so we want to get a little bit of that windshield factor out of here. The storms are leaving today and it's starting to warm up a little bit but it's been very cold and rainy and snowy here over the past couple of days. I know you don't care that that's what's going on here but when you get up in the morning and you walk outside and there's frost on the pumpkin, you've got to be able to change your strategy for the day. Okay, we've had a question about the Japanese yen. I want to get that one up here because we're in the same situation where we hit some major, major areas of resistance up here near that 112 level. We backed off a little bit so far this week. We've been in that real narrow trading range but not able to back off is actually a positive sign for it. Any close above that 112-50 level would send this thing moving rapidly to the upside. You'll notice that big spike back on January 3rd. That's the bank robbery done by the Tokyo banks as the market was closing down in New York they came in and really hammered everything. There was virtually no liquidity in there and believe me when you see the market drop like five points in the Japanese yen and it comes back quickly. That's not a normal market folks, that's for sure. Someone's asking a question about display on the rebuy in the Euro. Yeah, let's take a look at that Mr. Z. That's a good idea. We were discussing that just a little while ago. Let's just pull this up and we'll just get this and you'll see that we've been ratcheting up ever since that bottom was made. Let's get it over here. There we go right here and you're going to be seeing it. There we go. It should be easy to look at. We're right at major support. Here's where we are. We'll take a look at this. We've gone from 111.75 all the way up to 113.40. 170 points. The 382 retracement on that whole move down folks from high to low or from low to high comes in at 112.70. That's where I would be watching it very, very closely. That would be two harmonic numbers down but frankly where we are right now is really strong support because on the way down on the, you can see we had that big move down on the 14th of March but since that time all the corrections the most corrections have been around 40 points. Well this is where we're setting right now. We went from 113.40 down to 112.90 so we've made that 40-point correction that was right at a 50% retracement of the low of the 12th and 38% from the low of the 14th so that's really strong support at 12.90 in the end. So any move down, I'm bullish. I'm bullish the euro. I'm bullish the euro. It's acted very, very well and you'll notice that that was an ABCD pattern that formed here over the past 24 hours. So that's a pretty good support there and I might not last very long but that's what we're watching as we see some of these things coming together here. Someone's asking me the question is what data feed is this? The data feed is based on the data feed. The data feed is based on the instance software is with the e-signal data feed. I get a special rate being a educator so I watch that but the really if you're going to be looking at these markets seriously you really need to look at CQG which is commodity graphics. I know they're prohibitive on their cost or they've just developed logarithms that make it easier to handle data. Tim the guy that owns it was so far ahead of the curve on that that it was really how he built it up but that's the real standard in our business is the data from CQG but for trading purposes e-signal which is now owned by interactive brokers they do give you some pretty good. They resell that to a lot of other people too so when you're seeing e-signal prices it's always coming from somebody else because they're buying the data from someone else and then turning it back into you folks making a couple bucks but you know considering all the data that you get for the price you get it for is actually you know not a bad deal and for trading purposes it's just fine it really is I you know I've been pragmatically checking it out over many many years but that's what it looks like right here but anytime that I have a problem with data the first phone call I make is over to Lake California to Mr. Jimmy Tourneyman because Jimmy helped build that software for CQG he lived in Denver for four years and actually traded Tim's account so Jimmy knows data 877-927-6648 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 great 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 by step how to use an extraordinary set of tools as well as provide great market calls to sign up today if you haven't checked out the newsletters page of TFNN.com what are you waiting for? all of the TFNN newsletters are informative up to date affordable and must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks, bonds, metals commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge that will help you stay ahead of the game 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 and calling price turns and 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 2 week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your 2 week free trial to Basil's newsletter by visiting the front page of 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 Back folks and we've been asked to take a quick look here at the coffee one more time you looked at it 2 days ago when it was down there at that 95 level that was the 1.27 expansion to the downside we also pointed out to you that there was a possibility and actually a strong possibility that we could get down to the 9350 level right now we're trading above 9800 in the coffee getting ready to take out the highs of Tuesday and that would be what we would think would be a positive sign but I still think you have to keep your powder dry to see if you get down to that 1.618 level at 9350 because that's a very very important remember when we got down to that 1.618 level back on February 24th we were buying it there at 97 it went from 97 up to 101 that was a four handle move in four days and then of course it reversed fortunately you know you raise your stop because when you're 400 points ahead in something folks in coffee that's well over $1500 you certainly don't want to keep your stop at break even because now that $1500 is in your account that equity run shows you that that coffee that you own has made you that kind of money so you're going to have to give some of it back you don't have to give all of it back so remember your first mistake teaches your second mistake kills and the reason why it kills is you don't take care of it right away the difference between the Neify trader and the trader that has been around for a long time is when they recognize mistakes they take care of them just as quickly as you possibly can remember the quote from Amos Hostetter take care of your losses because your profits will take care of themselves and they do focus on the risk side of the risk reward equation and you're going to be far far better think in terms like a winner a winner thinks how much money can I lose a loser thinks how much money can I win and that's why we see Las Vegas with all those big flashing signs of the three sevens in the Kino games and the big jackpots for slot machines folks live every day in an attitude of gratitude may God bless and I'll see you on the flip side