 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. We're going to take a quick look here at this German bond on the long-term weekly chart As you can see here, we've had a pretty strong move down two weeks We've had a pretty strong week down move down in our notes and bonds also the last couple of weeks The open interest was certainly not telling it wanted to go a lot higher. We had some very good news from the Federal Reserve and that the rates were going to be low, maybe forever But this market has not reacted very well today will be a key day for the Treasury bond folks because we've been rallying five days and Have given have taken very little of that move down back if we get above that one sixty two Fifteen level in December that would mean something but the open interest is telling us that the boys are not playing there anymore So they found a new sandbox. That's what it looks like anyway We'll pay attention to it as we look through these charts each day We'll try to find the ones that look the most interesting now We're going to move on and we're gonna take a look at the next one We're going to look at is the the footsie. That's had a really strong move looks like the little mini Trump Mr. Boris Johnson has got his exact together and maybe he's gonna keep it together I don't know what we've had a beautiful a butterfly pattern down there You can see it was also a perfect ABC D pattern from September 16th and from there It's rallied from seventy two eighty five seventy three fifty six effect. It's just made I just went above the seventy eight percent level Just a minute ago. So this is acting, you know, very nice. This trades very nicely folks But frankly it doesn't it's not a good thing to trade because most of the stocks in the footsie are German related or other European there's not many London stocks Involved in that so that's why it's not used very much I bring it up because it's related to the British pound and as you know We've been very very bullish the British pound And we're back to that 125 level and I still think we have a chance to make 128 But you know remember when 1960 nobody wanted it except a few people that looked at geometry stuff And that turned out to be okay So we'll see whether that's going to mean very much, you know down the road So that's the footsie. Let's take a look at the next one We're going to look at is the German backs will get this up here because we had a little bit of a sell-off this morning It's since hold on one second. It's since it's come back and are in and I believe it was testing those highs again as I recall the 12,450 is a very important level because that's a 78 percent retracement of the last three days range So I would watch that also Very very closely now one of the things that people have asked me as you know I've been around this thing for a long time doing a whole bunch of stuff and over the years It's been 60 years folks seen a lot of things and now what I'm thinking of doing is putting together about a 90 minute to two hour webinar For TFN in we need to you know get some people in here to help support TFN in because they taught me O'Brien and the boys do a great a great You know a great job, so that's great. Thanks Bob for letting me know that I thought it might be Bob Alexander My old buddy from Las Vegas, but thank you for letting me know your last name But I'm thinking of putting together this webinar showing you the things that I learned From my friend in the UK plus all the other things that I have learned through the years and put him in a way that you could Maybe understand it just a little bit better And then also go over the current charts that look really good folks Because we've got some really big things happening here in these next few weeks that I think you're going to be life-changing for some people But you know heck I could be wrong. I'm wrong a lot, but that's why it looks you know for me from the cheat sheets But it's gonna have a lot of material. I'm gonna put the stuff in from the London seminar A lot of you folks have seen it, but some of you haven't because I've not I've not published this before I made a small inference in the book to Trade what you see, but it was so small that I had to go and search it myself And I barely recognized that I even mentioned it But remember I did that one three five pattern in my first book The Traders viewpoint and no one paid any attention to that for many many years and that's also a very important Pattern to look at so that's one of the things I'm thinking of doing now Rich Anderson was kind enough to send us this chart from the Gartman letter And I wanted to bring this to your attention because we are Maria I can't remember what page of the book it is. It's at the back of the book started the back and worked forward Very good Maria, I don't remember which page of the page of the book it was Anyway, it was all related to that stuff that I've been looking at With the David Paul and Tom who got let's take a look at this fear and greed index from the dentist Garmin the Garmin letter You can see we're now into the greed area not extreme greed, but we are into the greed area The small caps have certainly picked up ditto ditto ditto And certainly You know increased quite a bit The banking stocks have moved quite a bit with the interest rate stuff But folks there's something wrong in this this thing with the Federal Reserve if you remember back in October of 2007 Bernard Bernanke gave a green light that everything was fine He could see nothing on the horizon that would cause any problems And he was the president of the Federal Reserve the chairman of the Federal Reserve Board And if that dude can't see something wrong, maybe he was giving us misinformation I don't know but let's let's just look to see where we were here on a relative basis Okay, let's just get this up here to take a quick look this comes from Macro trends I'll get this up here so we can look at it really closely here and Garmin isn't bearish No, he's not Anyway, here is the S&P Going back to 2000 you can see the dot-com bubble and the 80% drop that we had then we had the mortgage fraud housing bubble back in 2007 the 80% drop but look where we are now folks. We're up a little bit higher, aren't we? We're we're about four point five four point four times higher than we were in oh nine folks Look at those little you see the little red arrows. They're not a little it arose. They're big arrows Look at those arrows. You see those three drive patterns that are there You see the one in 2000 you see the one in 2005 and you see the really clear one right here This is the granddaddy of them all up in here. I think it means something now remember I'm a technician. I don't follow the news I mean, I'm you know about the closest thing I get to the news is watching to see how the Cubs did and then we'll see if That's it Maria my dear if we hit 3075. This will be my last show. I can tell you that right now 3075 I am gone Going back to the 200 day and 400 day moving average the most it could possibly do would be 3042 and that would mean if Trump resigned and 3042 no no 3042 that's all there is to it. Let me show you why oh we got the break coming up you come back I'm gonna show you why from my friend in In the UK I asked him for permission to show that and I'm gonna a lot of you Think it's a bunch of bologna, but this old cowboy doesn't think so so I'm gonna give you a chance to take a look at a glimpse of excellence in my opinion, of course, it's my opinion that don't mean very much But we're gonna be looking at some of these things here in a minute. I will share that and we'll have Tom or a Stand Harley tomorrow If you're not currently using the Taz profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The Taz profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve doll Taz Understands that in today's technological world the use of top-flight software applications and technical analysis Expertise is essential to successful trading in today's market You also gain access to the webinar that Steve doll and Tom O'Brien just hosted the best way to use the Taz profile Scanner to profit this webinar archive is available for all subscribers Immediately upon signing up all new subscriptions also come with a 30-day money-back guarantee So you have nothing to risk start your subscription by visiting the front page of tfnn.com today And you'll find the Taz profile scanner under the services tab sign up today Are you in the market for buying or selling real estate in the Bay area including the surrounding St. Petersburg Tampa and Clearwater markets Tiger real estate LLC is a firm that has extensive experience in the Tampa Bay area Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most Informed decisions across all price levels from the price You should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest Decisions of your financial future called Tiger real estate LLC today at 727-329-832 Or email us at tiger at tfnn.com. That's 727-329-832 2 call us today Many of our new listeners have heard about the Tigers Den the Tigers Den is a lively community where professional traders and investors can meet Exchange ideas and information in a comfortable moderated atmosphere here all of the TFN N shows plus see all the charts as they happen Live and have access to archives of all of those charts You can test drive the Tigers Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make Your money work for you details on the Tigers Den on the front page of tfnn.com TFN N has launched our brand new website You can still visit us at the same TFN N.com URL But when you do you'll see a new and improved homepage with a much simpler navigation Whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions We even have new pricing in six months and yearly options Check out the new TFN N.com now and experience all the upgrades TFN N.com educating investors Call now toll-free at 1-877-927-6648 internationally at 727-873-7618 Okay, folks. We're gonna take a look at the stock market going back 2016 I'd like for you to look at the top there. This is the weekly December 5th 2016 as you can see all these Fibonacci spirals that are there They probably won't mean much to you Basically, that's how the market expands by 1.618 the key to system that he uses is where he starts because He's found where the vibration is and he follows it through. This is a dynamic folks a dynamics model This is not a static model. It moves with the market. So if the market starts to move that spiral will move to the next level That's what I'm gonna try to point to you what we're looking at As we walk through this remember that remember the date of December the 5th 2016 because we want to do is we want to say that to go back to see if there's some some type of time Relationship here and that's you know, one of the things that we really really want to look forward to and if I'm smart enough I can find a dog gone thing just a second I know I did it because I was preparing this for last night and Shut the front door and raise a rent. I got it right here in the front. It's got to be right here. So I think it's right there No, that's the January one. Hold on. Let me get the other one. It's got to be right here somewhere It's got to be in this group right here. It's got to be right here It's not that one. It's not that I think this is it. Nope. That's not it bear with me folks Give me a humor me for just a little bit here And there we go now. I got it. Let's get it up here. This will be a weekly chart Oh dear this dog on thing. There we go. Hold on. I'm almost ready. So bear with me So there's what we are the Sarah said the same thing Jay bird. She says you got a lot of the number 919 today was my mother's birthday The little joy of my life died at the age of 48, but anyway, let's look at this You see the December 5th level there that that it was the key date of that spiral that he was looking at As you can see here We went down for about two weeks and then we took off But the one I want to show you I'm not he does does not want me to show you the one that we have today Or this week because he doesn't want to influence anything that you're looking at but what we're gonna do now Is we're gonna go back to Earlier time we're gonna go back to January of Remember folks, this is this is the way over the heads of most of us including the guy that's talking on this show Right now misses so far above my pay grade that I don't even like to mention it, but I'm learning about it And that's the key This is the same type of a spiral as you can see here These spirals go up and what he's looking at the target to go short was 2855 to 2850 You'll see the date January 24th 2018 that's what we want to be looking for so what we're gonna do now is just to see if the old If the fellow was correct and what we're gonna do is we're gonna come in here and take a quick look at this And I think we'll be able to get up here, and you'll be able to see this same chart. We'll get it up here You'll be able to see There was January the 14th of about 2018 that was the high of the market at 286 and he said 286 2855 and it went from there all the way down to 2526 Okay, now the thing that we have going on right now, and I'm gonna explain to you why I've spent so much time over there and Learning about it and what I did wrong and what I tried to figure out what I did wrong and this was it I'm gonna bring this up here to show you and this might mean nothing at all. It might mean something I really don't know but the problem with this was you'll notice that we have this one two three four five Expanding triangle the the importance here is we are 10 months From one to three and three to five. We also on from swing two to three is One point is point six one eight of swing four to five That means four to five is one point six one eight or the one to two to three Now if you look at the two months back in July, that's where I thought the top was and it did it dropped a lot It did drop to well over 40 handles but then it came right back and made a new high by 20 cents last Friday now if that's Sorry folks if that's the case then this is the difference of what we're looking at right here I'd like to show you the spirals, but he asked me not to do that So I'm not going to but that's what we're looking at here whether it means anything or not I don't know. It's very as esoteric, but frankly it has some Mean something to me because it's all related to Fibonacci and it's all related to the astro part of it, too So that's the main thing of what we're looking at as we walk through some of these here this morning now The other market that is in very very serious problems. In fact today if the treasury bonds cannot rally much above 162 and then turn lower. Oh my goodness. There's a huge problem in the bond market folks They got those people trapped and I you know, it's so the news is so different from what's going on in the bond market That you know people don't even mention it. I mean, we've had a we've had a really really drop in bonds, you know They've dropped what $9,000 or something and what have they been able to rally back? 2,500. I mean, this is not a this is not a sign of something, you know, very very bullish So we need to pay close attention to that. So remind yourself that you know these markets are they follow the news and so Something is wrong. All I can tell you is when they talk about negative interest rates That is total baloney this morning real early. They had a guy A fish named Fisher from a Dartmouth that Amos Tech School of Business at Dartmouth University up in New Hampshire And he he basically said he couldn't understand, you know, and he used to run Black Rocks Mortgage not mortgage, but the interest rate section So he said he couldn't understand negative interest rates if you find somebody That will will give you their money and pay you to give you their money Then please let me know I'd like to know someone out there that will do it I know the countries can do it because they're governments. They have no skin in the game That's all baloney, but this is different folks. I mean, this is um, this is the Never mind. This is the Ponzi scheme a Ponzi scheme. Let's change the direction of the room here We got it. We got to make some salutations here folks. We've had a couple of guys here We have a this is the long term Long term timer digest you'll notice here number one carries his manskey of Tucson, Arizona My good friend, you'll notice he's right there. Look at Steve Rhodes. He's right there. Look at Tim Bost He's right there. Shut the front door and look at there's larry pet. Oh, wait a minute. No, he's not there Anyway, I quit doing that stuff many years ago. So anyway, the two of those guys are my very good friends and students and of course, Tim Bost is one of our regulars of financial cycles weekly So that's a good kudos to all those guys to take the effort to do that Because they're up against a lot of big competition and to do that is is really good So let's keep a you know, keep our hands clapping for one hand clapping anyway So we'll watch that of what we're watching here Any questions that you might have eight seven seven nine two seven six six four eight I would be happy to answer them if I can we've had request over the night To take a look at one of the markets that we almost well, we do never trade it because it's rather Rather thin it means a lot to me because I got to meet the beach boys because of feeder cattle We went out to south dakota Bismarck to Buy a cattle feeding operation for them back in 1988 And we got to ride in their Gulfstream and It was really great. I got to meet bruce johnson and mike love And those are the only two that I met out of the group But uh, and we're still I still know bruce johnson I don't hear from much bruce johnson and mike love live to live in the same area In in santa barbara california. They live right there on cheffield drive as you go down one I go up 101. Anyway, I will we'll discuss the feeder cattle when we get back eight seven seven nine two seven six six four eight Larry pezzavento has just started his brand new service fibonacci 24 seven and he's already delivering content 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 seven 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 pezzavento's fibonacci 24 seven by visiting the front page of tfnn.com under trading newsletters 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 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 Don't miss out on this great chance to get a 30 day free trial to david's daily newsletter The path of least resistance with no obligation to pay anything david has been delivering solid recommendations for his Subscribers recently and if you'd like to see the type of newsletter he delivers every morning Then visit the front page of tfnn and you'll find the path of least resistance under trading newsletters 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 abc's 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 Okay, folks, we had a request to take a look at feeder cattle the first one since I've been on the air here And that's been over 10 years If you'll notice if you go back to june july and august of last year You can see a three drive to a top pattern Complaints at the ratio of 1.59 now the difference between 1.59 and 1.618 for trading purposes is basically insignificant So that three drive pattern ended up there from there. You can see you started an a b c d Move from september into january and then up and then down into august Now those of you that want to take this a little bit farther And try to prove that maybe some of these things actually do work Is why don't you take a look at the time between september and march and between april and august and see if there's any similarities in time and price As you notice when you get down to the bottom, you can see a very very symmetrical 33 day cycle That bottoms right at the third drive Absolutely perfect, but if you'll look at the second drive that comes in At when it's down 13 handles, you'll notice it. It's at a 1.25 1.25 level But there's a three drive pattern there and from there the rally the market rallies 13 handles, you know That's $5,000 in feeder cattle and it hasn't made a bottom yet And then it comes down and makes the final bottom at the third drive down there at 128 And you can see now that we're in a downtrend And we should have some very strong resistance up here at the 141 level. That's what it looks like here in feeder cattle I haven't traded feeder cattle in over 40 years and I don't plan on doing it now But since someone asked me to take a look at the chart I thought that I would and it's absolutely a perfectly technical chart And it really gives you an idea of what's happening in the cattle market So it's in a strong downtrend The only thing that would train the turn this market would be a move above the 150 level And then you'd have a pretty good chance of seeing some really substantial moves But these swings that we have in feeder cattle are really, you know, they're very very pronounced Now we also had a request to take a look at the the coffee market And I thought the best way to do that would be to look at it on a very long-term view Which we're going to be I know ruby you're knocking them dead in the hogs and god bless you the sound of one hand clapping for you Great job there. You had a really nice, you know triple bottom down there And it's had one heck of a move about seven cents Which is you know quite a bit of money there. So members you take care of the poor now ruby You got to take care of the poor. Okay. Let's take a look here at the long-term chart here in the coffee This is a monthly chart We're in that area of the 78 percent level from going back to 2001 As you can see, we've had some pretty good bounces up and down in here But the really that abcd pattern has not completed folks if you're looking at that When we had that last 382 up at that 172 That would take you all the way down to 40 dollars and we've been there before in 2001. So If things get really bad at a coffee market, you could certainly Certainly, you could certainly do that. So we'll see if that's going if that's going to be the case So we'll be watching these here. We're opening this morning with a good nice nice bit of gusto And we'll see how these markets end up here today as we as we go through This morning. Okay. Now we got stocks up pretty good this morning That's what we'd like to see on the opening get the boys in there to play the game We got gold up a few bucks stopping right at the 61 percent abcd after 15 10 That should hold the gold for a bit And we've got the bonds still trying to to make a little bit of a rally here from that 59 and change has only been able to just barely make A point and a half folks that that that is the definition of a dead cat Well, no, it actually it's been more than that because the low was way down there at 58 So they've been able to rally about three points, which is Still a definition of a dead cat bounce in the bond. So we'll basically keep an eye on that So now we want to get back to the uh, want to get back to take a look at the coffee here So we'll be able to see here and uh, remember what I said Maria 30 75 is sayonara. That's a good buy in japanese biocon deals is goodbye in spanish And 30 75 is goodbye Billy ray valentine. All right, let's take a look here now at the Let's get up here to take a quick look at this coffee here another market That's in big trouble is the crude oil market folks that market is definitely Under some pressure, but here's the important part of the coffee chart that we want to look at here's where we are Here's where we are right here and we'll be able to see here That we're we're right out of 382 retracement. I believe we're down a little bit It's important that the coffee stays above 99 cents A pound or $99 a pound. It's 99 99 dollars 100 whatever it is It's got to stay above 99 because if it doesn't stay above 99 You're looking at 97 and a half and that's the 618, but we've been here for five weeks folks So that's a really strong support in the coffee So if you can hold nine if you can hold that level 99 and then turn up That's a very very bullish chart now whether that's going to happen or not You know, I don't know but that's what it looks like, you know early this morning So we'll see if that's going to be if that's going to be the case We'll watch it As we look through some of these other charts that we were looking at so that's the coffee market We've had a another request Hold on one second here and we want to take one other one here to take a look at and that was in the Shucks here it is right here. I wanted to show you why these bonds look so bad folks We'll get this up here because the open interest was dropping all during that time. This is the bond chart Over since august you can see we had the That big top up there the three drive pattern. It was exactly 44 days open interest was dropping the last day was that Day when everybody went gaga when that yield curve went nuts And then we dropped from 167 all the way we dropped 10 handles And we've been all but we've been able to rally back two and a half handles Yeah, two and a half well almost three handles So, uh, it's uh, this is not a very not a very bullish chart folks That's all I can say is but everybody wants to buy stocks So that's what they should be buying is buy those stocks because they look pretty good I guess these patterns that i'm looking at for the longer term are making no good They you know what I say And we'll see what happens still a little bit early in the old game here Okay, let's move on to the next one that someone asked about and that was the l of bitcoin Let's get bitcoin up here and take a look at it here This is a bitcoin on a four hour chart and you'll be able to see here that We're down here at this uh Very important 9700 level in bitcoin It must hold that because if it doesn't you're going to be looking somewhere below 9 000 In the bitcoin this is a you know This thing's traded on a bunch of different exchanges that don't mean very much But uh, if you're in it, which I've never been in it It does follow the patterns quite nicely you can you can just test it yourself and just you know like 20 men says divide divide the uh, you know the Defy human nature do the work yourself So that's what we're paying attention to here today Okay, let's move on here and take another look at I think there was two charts for bitcoin here that we had to cover Oh, maybe I'm wrong. I thought I had the second one here, but evidently. Yes, I do here's the second one right here This was the one that was preceding this now. What we've done is we'll get this up here This was the one before And now we've completed that pattern down there at that 92 level So anything below that and it's in big trouble Bitcoin so we'll see and we'll be able to see if that's going to be the case So that's what we're watching here. So 877-927-6648 If you're 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. 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That's 877-518-9190 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 percent 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 his weekly gold report with coverage of gold silver bonds the xa u hui gdx the dollar as well as more than 30 different mining equities as of september 3rd Gold report subscribers have five active open positions with an average unrealized profit of almost 38 percent 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 and p 500 continue to climb for bold trades on us large cap stocks in either direction trade spx l sp u u or spx s directions daily s and 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 A fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus And summary prospectus call 866-476-7523 or visit direction investments dot com A fund's prospectus and summary prospectus should be read carefully before investing 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 four side fund services llc The bull bear binary option hour next on tfnn Okay, our good friend marshal from the state of washington has asked us to review what bill meridian had to say over the weekend on sunday He sent out this little blurb to his subscribers and it says dear investors Monday the 16th of september is a the ppt is a pivot point area The market has been rising so one can expect to pull back the index is up against its old highs of july 26th The all-time high I do not think the market is unlikely to make a new low But let's look at the seasonals. He said over the last 30 years the index has been down 23 times from the 16th to the 25th of october of september from 1980 Which is 37 years ago 39 years ago? The index has fallen 67 of the time from the 16th through the 30th So we're looking at two weeks here of some negativity. You can't tell it from this morning But by golly, that's what they're saying From 1980 39 years ago the index has declined 70 of the time from the 20th through the 28th of september In fact, the 17th has only been up 35 35 of the time and the 17th was actually a down day We closed slightly lower even though we opened 200 lower on monday It was still lower than it was on the 16th From night from 1885 that was the year that we had the the gunfight at the okay corral here in tombstone, arizona with thwatter And uh, what was the other dude's name? bat masterson against the clans From 1885 the dow Jones has declined 55 of the time From the 18th of september to october 1st So there's some negativity in here, but remember these are probabilities and that's all it is dock holiday Yep dock holiday wasn't bat masterson. It was dock holiday. Thank you, david And believe me. I love I love western lore boy. I tell you I'm I'm really big into that kind of stuff So that's interesting to look at. We'll see what happens here We'll take a quick look at these things as we go through today, but today based on the theory of data Dependency it has a high probability better than 80 percent to close lower today I know you think that's hard to believe with the market up so strongly, but The odds say that there's a high probability of doing that. I'm also Trying to get john jamison to do a nice some some work here For tfnn and showing some of the stuff that we've done. He's got some wonderful things to look at So hopefully we'll get john over there in the uk to give us some really fun information So we'll see what's going to happen With these things so that's pretty much what we're watching here this morning You've got a couple things that people have asked me about the soybeans folks The soybeans have a really interesting pattern here. I will show you this is the one from From last night. This was this is a short term pattern, of course If you like to trade, you know the soybean oil, but let's get this up here And because this is another one of those shorter term patterns that works pretty good There's the 135 pattern as you can see that has formed over the 17th But this is a half hour chart each of these swings is a couple hundred dollars So they are tradeable But the key here is you went up and you hit that 382 And you went down and you you went all the way down to the the 1.27 at 29 76 That was a $300 move to the downside now It's important that the oil stays above 29 50 because if it can stay above 29 50 It's got a really good chance. I don't know what soybeans are doing today But they have a they have a bullish bias I don't know why but can someone tell me what the beans are doing because I don't know And oh, wait a minute. I can't tell it by doing the show So have to wait see if you have any questions Oh, they tell me here at TF&N all the lines are are totally swamped But if you want to try it's 8779276648 is what you want to try to do If you can get through here, but right now the lines are just totally jammed Okay, we'll try to get through here with one of these folks that has a question here In just a little bit the other one that looks I mentioned that the crude oil looks extremely various folks You know, we've given up all of the gains from what we had on sunday night and monday And now, you know, we're way below 59 dollars a barrel now And we're heading towards probably 54 would be my guess where we started the week So that's you know, that's neither here nor there. No one knows what's happened over there what they tell us And what they do is different. Yes, you're right david That's my favorite tombstone over there in tombstone, arizona by the you folks might not know this Those of you that been out to visit me certainly do but Tombstone, arizona was the really the largest city in the western united states other than san francisco It was bigger than san for it was bigger than los angeles in 1885 But the the the cemetery there the boot hill cemetery is a national jewish cemetery and One of the one of my favorites. These are actual tombstones folks It says here lies lester more force lugs from a 44 no less no more There's some other really funny ones if you go on and google You'll be able to see some of these but they're they're really, you know, but this was the times when When it was all about the old wild west so we'll keep an eye on that as we go through here Um Someone made a comment about jim if I know jim Kramer, yes, I've met jim and I met his wife. His wife was a trader for a hedge fund Hermiriam, I think is her name Incredibly bright woman and jim's a really nice guy. He's a little he's a hyperactive as you know And but he's he's really a nice guy. He's he's very philanthropic and He's not he doesn't have a conceded bone in his In his body, but he really does. He's a really nice guy. I mean, I that's all I can say He doesn't make a number David that number doesn't mean anything on how number number of wives as he's had that just means that he's got He just has a rough taste. I can well I could tell you a comment that larry williams made to me once in new york that has stuck in my mind forever But I prefer not to bring that to your attention Anyway, we'll we'll watch this as we go through and look at some of these other things that we're that we're looking at here today, so Yes, he he is Well, you might not like him, but he is a nice guy. I mean, he's a little abrasive to some people but He if you ever got to medium and set and set down and and had a glass of wine with him or something He's actually a pretty nice guy But when you first look at him, I know I know it's it really puts a lot of people I did me for many years until I met him, but that's neither, you know, that's just personal things that doesn't really mean that's Okay, anyway, let's take a look here at the silver market. This is something that I really think is super super super important Let me get this up here And I didn't believe it until I saw it last night. Uh, mr. Z brought it to my attention here You'll notice here that I talked about the gap on the weekly chart The fact that we went up to that 78 percent level. We backed off two dollars an ounce Do you know folks that we came within one half of a cent of an ounce at 17? 47 and a half of filling that gap. We never really filled it And it still hasn't been filled yet. This is an important gap You know, that is it is really an amazing statistic How could it not make a half a cent that mean there had there had to be an order setting there That nobody ever even wanted to try to fade maybe three four or five hundred contracts. I don't know but that that is an amazing event We have to watch that because if silver starts to move higher and gold start to move higher folks This is nothing more than a big pullback and remember the open interest in the gold has been increasing all along It's been decreasing in silver that one looks various but not the gold Gold even on the down moves. It's increasing. So People are interested in playing in the gold market. I mean, we're having substantial increases just like we are In the s and p 500. We're having substantial increases. So those are just some of the ones that we're You know paying attention to today. So eight seven seven nine two seven six six four eight I'm certain you are or strive to be one of the best of the best 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 rode's 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 and p 500 for the last 12 Six and three 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 is transform me into one of the best at what I do Sign up for mastering probability today by clicking on the newsletter tab on the home page of tfn.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 tfn.com What are you waiting for all of the tfn newsletters are informative up to date Affordable and a must-have for every trader looking to gain a competitive Informational edge in today's markets tfn 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 tfn 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 tfn.com and click the newsletters button near the top of the page tfn.com educating investors Since 1984 basal 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 As well as market trend calls thus was born the Chapman wave sequence Using the Chapman wave methodology along with other indicators basal 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 basal's daily trading newsletter by visiting the front page of tfn.com Cancel at any time during that trial and pay absolutely nothing Get your two week free trial to basal's newsletter the opening call today by visiting tfn.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 we're going to wind up the show here. Remember tomorrow. We're going to have our good friend stan harley on the line and I think it'll be fun to Listen to what stan has to say Always a good fun People have asked me about You know what I think about the commodity markets I've talked about this in the 24 seven newsletter several times And I think we've made a major bottom in most of these commodities, especially in the grains and the cattle in the hogs And probably close to it and coffee Cocoa certainly made a bottom Coffee certainly trying to cotton is trying to do it too, but we look like we're doing it As far as the trade thing with china folks I think that's all that's about as about as interesting as the cold war stuff as far as I can tell every time They say something they they retract it So, you know, I know it jumps whenever they say something But I wouldn't trust anything that they say but that's that's my two cents worth I just very skeptical of it regarding the hong kong things are still bad over there I you know that they're still doing some You know bad things as far as burning things and throwing things at the police Molotov cocktails and stuff. So we'll see what's going on that okay Let's move on to one other question that some had someone had about the market And that was the platinum market platinum was actually held up better than the gold and silver It had a high of a thousand dollars and we got down to we dropped a hundred dollars an ounce And it's held relatively good support But the key here is watch the silver folks at that 947 left 1747 level it held it relatively well We still have outstanding outstanding targets and silver at 1680 and 1760 1775 and the gold I still think we've got a chance at those those would be abcd's On a weekly get everybody bearish at the wrong time And that I think would be the last train to boot hill over there in toosan They're in tombstone to try to buy the gold and the silver if we get down to those levels That's the way it looks like for me. I've covered those many times in the newsletters over the past several weeks It still looks that direction. They were going Oil is going lower bonds are going lower and stocks god only knows she's not telling so live every day In an attitude of gratitude and may god bless You