 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, folks looking good Billy Ray feeling good Lewis as I mentioned before The thing that I wanted to talk about today are three things crude oil gold and also the E-mini S&P We've been fortunate enough to be short a little bit of that Off and on during the week, you know try to scalp a few bucks here and there which is sometimes it works Sometimes it doesn't but one of our listeners ask why doesn't it work every time? Well, if it worked every time it wouldn't work any of the time because it's Process of probabilities folks and what you have to do is you have to firmly believe That what you're doing when you're doing these patterns that they work most of the time and the key word there is most I Wish it were you know if it worked all the time it would be worthless because everybody would see it, right? And yes, you can lose five six times in a row, but you can also win 10 20 Well not 20 times, but you can win 10 times in a row the odds are in your favor about 60% of the time And your payoff was going to be $1.5 for every dollar you risk that you don't get those odds in Las Vegas So that's what we're looking at now if you take a look at this crude oil chart This was our this was our trade of the week and if you remember we were looking to sell that up there at the 83 And change level it's now trading at 79 folks But what I'd like to do now is to just go into my Realm that I really like which is short-term trading and I want to show you the action in crude oil here Oh these these charts I I love these charts the problem is they don't post like I want them to so let's hopefully this will Come up, and we'll be able to talk about it folks. I will try to get this fixed Good there is the high today We sent a video out last night when the market was right here, and we said look for this ABCD to come right here This 3a2 the number was 80 to 43 and I said sell the 8241 and you can see where it's dropped here We dropped a couple of thousand dollars from that level now This is there was another one right here the 3a2 that we had here just the other day So once these things start moving in that direction you want to try to get do they always work like that? Goodness no, but remember we had one in gold remember that was the same thing in gold This was a pattern that failed and once it failed what we tried to do We don't always do this of course, but what we try to do and I'll just bring this up again so we can watch it Oh Larry Larry Larry, what are we going to do here? Okay? Let's get this together, and we'll be right back Hold on now. Just just hopefully this will be just a second And we'll be able to get this up here, and we'll be fine Al if you'd be try to contact Bart if you could please you've got his Charts, unfortunately folks. I don't know what it is. It's ensigns problem I've asked I've asked them to fix it before Whenever I posted a chart it goes directly to my desktop, and then all I have to do is click on the desktop and Put it into discord, but evidently discord is not recognizing the chart So I'm not able to bring it up. You'll have to look at some of these on your own Which is always good because as mr. 20 man says If I human nature that do the work yourself, so here's what we want to be watching We have gold moving down. We have the crude oil moving down and believe me folks We've had now from the high we've dropped five dollars a barrel from 84 to 79 Now we got a nice piece of that change I mean not all of it, but nice piece of change same thing in the s&p Remember we were selling that just the other day when it was up there at 45 What was it 45? 3545 13 and now we're at 44 37 we're you know almost that's the Key here was to you know to take take some of it off I suggested to look at it today to make sure you didn't get short after today because I really believe for firmly Because and I believe in the lunar cycles because these are from Andrew Lowe You know that in charge of financial engineering at MIT. He's a strong believer in astrophysics And he follows full moons and new moons I know that for a fact and he runs a three billion dollar hedge fund that all the profits go to cancer research And so he's a he's a really a stand-up guy a really nice fellow to have any once but you know He he these algorithms that these folks use here folks they work They'd like everything else they don't work all the time But when they do and when they do then you've got something that you can actually use in your trading So the things that I'd like for you to do today is to review the gold charts that we've been sending out And if you haven't got those you know Let me know I'll try to send them out to you and then look at the crude oil chart and then look at the stock charts Because these have been telling you they're coming down to this area right now Now we don't know that the new moons gonna mean a diddly squat today I don't know that's one of the last things on my bucket list is that someday Somebody like Andrew Lowe will be on CNBC or Bloomberg or Oxford or Cambridge Stanford Indiana State someplace like that and he'll say look folks. He these are the odds on why The astro cycles work and believe me there they're not astro cycles folks They're the same cycles that everybody look at you take an 88 day cycle It's mercury you take a 235 day cycle. It's Venus. You take a 365 day cycle. It's the earth So these are just numbers. That's all they are. There's nothing, you know metaphysical about them and all that's why I had a really difficult time That's when I started doing this stuff back in 85 and 86 when dr. Miller was pointing this out at that time I was a really strongly Practicing Catholic and I did you know one of the things in the Catholic Church if you believed in astrology you were the instrument of the devil and that was a mortal sin and I was really concerned about that but eight later on when I got to go to the Vatican And I realized that golly these things are they're present everywhere You know DaVinci talked about it Galileo Plato all these dudes got and again, of course one of the smartest guys Of all and we all knew that is don't we folks Pythagoras? Isaac Newton said there was God and there was man and in between in between was Pythagoras and Somebody had to tell Pythagoras this because those formulas they had in 666 BC were also in the pyramid from about 10,000 years ago So somebody knows this stuff all I'm trying to do is take a little bit in peace out of these things to see how The markets are actually moving and that's what I'm hoping to do each day as we go through if you have any questions It's eight seven seven nine two seven six six four eight and we'll try to answer them The best we can here today now our guest was supposed to be Bart But I since he hasn't contacted me I'm almost sure that he's just gotten tied up but tomorrow Without doubt we'll have Mike Moore of more analytics and he's been telling us about this for quite a while Is to follow the crude oil and follow the and watch the how the heating oil acts and the heating oil was telling you That this thing was just close to being over and that's what had happened if you follow what we've been talking here You'll see that those things were different We'll be right back eight seven seven nine two seven six six four eight Billy Ray Valentine Kepricorn Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge Every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNN all our newsletters come with a 30-day money-back guarantee So you have absolutely nothing to worry about visit TFNN.com and try mastering probability 30 days risk-free today TFNN educating investors Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter market insights your key to successful active trading Tom O'Brien renowned for his expertise in the financial markets has designed market insights To be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates When warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox Whether you're a seasoned trader or just starting out market insights provides the edge You need to navigate the markets with confidence ready to join the ranks of successful traders head over to TFNN.com And subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results market insights comes with a 30-day money-back guarantee for all new subscribers So you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to TFNN.com Right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand TFNN educating investors TFNN has just launched their new trading room the Tigers end hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the Tigers stand available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders in the Tigers You can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging Ideas interact with other Tigers and Tigris's as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the Tigers den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of TFNN comm toll-free at 1-877-927-6648 internationally at 727-873-7618 Okay, folks. Give me one second here I need to let my friends here at see hold on to Al and to give give Bart a call here So give me one second and I'll get this number up here and we'll try to get moving here No, no, by the way, you remember that chart that I just posted the low of the day and that big swing was supposed to be 4434 I think that's been the low so far but chances are it's gonna go lower than that So you don't want to stand in front of that freight train boys and girls. Absolutely not Okay, let's move on here to talk a little bit About one of the other charts that we've been talking about for quite some time And that is the I want to show you the chart on the gold market on a longer-term basis And this is why it's so so very very important now. This happens to be oh, I hope this will post I will get this thing fixed folks. I will get it fixed now whether it's in my lifetime or not I'm not so sure how good. There's the weekly chart. Okay. Now. Remember we got bullish This is the August gold with gold which is spot gold right now. Okay. Now. We're below 1900 Substantially below. Okay. Now that means that we could be looking at an ABCD down here a hundred dollars lower very We don't know for a fact. We're trading in the December gold. I just saw a trade at 29 19 29 And so all we're doing now is to see whether these things are going to hold these levels or not That's that's really the bottom line and that's all we can that's all we can really do is to put the odds in our favor That's what we're really trying to do now. I'm not I'm not long me the stock indices yet. I have Covered all short. I covered my shorts way too early this morning. I covered them when they were at 40 47 I covered the shorts at 44 47 and someone asks. Yes. He's got a problem with one of his Sights or something is from what I understand. So we'll get Jim back on it another time But we will have Mike Moore on tomorrow. But getting back to the S&P, you know If you think you're going to get all the bottoms and all the tops in these markets and not going to happen folks It's just not going to happen. These things are just they're very difficult sometimes to pick But what you want to do is to get your shots so that they're right there in front of you And you got to believe in what you're doing. I'm one of those people that really believe it and so Sometimes it doesn't work as well as I like to see it But other times it certainly does and that's that's the whole key to looking at what we're doing I had a chance to visit with Paula Webb this past weekend and we were talking about some of the things that Mark did and It was really she told me the story right before I'm not going to share it with you But someone had really did a disservice to Mark Mark said he could turn his life around if you were to listen to what Mark told him So Mark worked with him every day for six months With the idea that if the guy made all the money back that he had lost He would get a 20% bonus and it was a lot of money folks. I'm talking seven big ones and He did get it all back and then he said well, that's too much to pay I'll give you 50,000 and Mark said no keep the money and that that then Unfortunately about three weeks later not anything to do with this but Mark had passed away But he died with a nut sweet taste in his mouth Which that guy really worked hard to try to help people, you know He was just he sure helped me. I worked with him for five years And I wouldn't be anywhere near where I am and I'm not Sam where I am is any good But to me it's good, but that's what I try to do each day now today's a big day And that's the reason why is this is the day we've been looking for it's the new moon and new moons You know, they are usually pretty good It's also the anniversary the day the king died folks And I happened to be visiting with my young daughter and she was six years old at the time and I came home From Conti office and she was crying and she had my little bowl of popcorn there and my little glass of Lambrusco that I used to have in the afternoon and she says oh daddy She says someone's died. You're gonna be so sorry and I thought she said oh my god. Is it your sister? She says no dad. She says Elvis is died and that that was August the 16th of 1975 and in August the 16th in 1996 Mark and Paula moved to Tucson to work with me for five years and on that day. It was in the middle of the monsoons and we had a Belly buster and I'm sitting in front of my house with electricity out because I couldn't open the garage door Oh look electricity was gone and lightning struck the tree in front of my house And then it hit the lightning second bolt hit my house It did just under thirty five thousand dollars with the damage with water and all the other stuff But it was really something all the neighbors had to come in and it was raining so much and it filled up the house and we had a sunken living room and It was a mini disaster and you know what I did folks I just gave the key to the Recovery people and said here tell me when it's done and I left I went to California To visit my my daughter and so I stayed in California for about three weeks until it was all done And you know because these physical things look what's going on to line of folks I used to hang out in that place and I have I have two students that live there I have they've since moved away, but man that that place is a it it's unbelievable what I saw I I was shocked all of those bars and shops and everything right under water all gone And boy you stop and think when the good Lord, you know turns the wrong way You better be hoping that you're on the right side because if you don't and if you don't then you're looking at something That's going to be be pretty nasty here. So let's keep in mind. Someone's had a question About the Dow Jones e-mini on the chart that we posted earlier in the week Because I said if the market broke this it would be very very nasty and I'll try to explain why let me get this up here This is the Dow and remember we went for 11 days Shucks going to try it two more times because it's that important of a chart I put it in the newsletter because it was that important and the reason why is because these numbers When they fail and when they fail they're telling you something really big is happening. So let's hopefully this will hold Yes, there it is. You see right up in here folks. That was 10 days down from the high. Okay, and it hit the 382 Four times that was at 50,000. Okay. Now the target on this move down on the ABCD is it? 48,600 48,600 and I don't believe that the Dow Jones has done that yet I haven't checked that the recent prices. Let me let me give me one second to see it No, we're we'll we're still trading at at 44 93. We're almost a hundred points away from that So it's going to be interesting. I would see whether these things actually actually hold up or not those of you that are Efficient autos of the point 382 patterns will be very happy today because we had one in bonds We had one in crude oil. We had one in gold and we had one in soybeans and all of them worked I mean unusual that they did but they did work. So that's what we're really watching today To see how these things are, you know Coming together and we'll have some work to do when we get back from our break here Which is I think coming up here in about 42 seconds again I want to remind you that Mike Moore will be our guest tomorrow He'll go over why we saw this why he saw this move Coming in the crude oil because there was such a divergence between the natural gasoline and also the Arbob gas Arbob gasoline and then also the heating all those were telling you that Something was not right because the crude oil was lagging so badly And we'll get right back after we pay a few bills for TF&N 877 976648 The gold report as a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market The US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers Consisting of coverage of the XAU HUI GDX the dollar bonds the South African Rand as well as 25 different mining equities with specific buy-sell recommendations The gold report New subscribers get a 30-day money back guarantee. So you have nothing to risk Subscribe to Tom O'Brien's gold report newsletter now TFNN.com Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com when you subscribe You'll get a weekly report from veteran day trader Larry Pezzavento on stocks You need to pay attention to and you can trust Larry's analysis after all He's got 45 years experience as a day trader Larry will also provide daily charts Videos and data on the key markets that he's tracking expect notifications from Larry on market movement You need to act on at any time First-time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help You make the right moves with your money Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors Don't forget you can listen to TFNN live on your mobile device 24 hours per day Go to TFNN.com then hit watch Tiger TV That's TFNN.com then hit watch Tiger TV Okay folks we're back and we have a caller I don't know how he got through but he bus mr. Lucky should buy a lottery ticket today Peter from Park City Pedro How are you doing my friend? Hey Larry, how are you? I have a question for you. It's been one. I've been bugging bugging me And I've been wanting to ask you for a long time before so let's just take a generic scenario the S&P Comes down it breaks through the 3a2 Okay, and let's say it gets down to I'll maybe close to the 5-0 and starts to bounce will you recalibrate from that point and Will I guess I know you will but does that previous 3a2? remain on the charts as upside resistance Yes, it does I leave that on there because you know we all these numbers, you know, they bounce off these That's how these algorithmic traders that put these programs together from MIT and you know all these other places they they know what these numbers are I you know and believe me if you look at their degrees the people that work for Renaissance and De Shaw and some of these other places they have degrees in mathematics astrophysics and stuff like that the astrophysics part is just you know the normal numbers in the universe that we always use you know the square roots of the numbers one two three four and five and The subfibonacci numbers are part of that so three eight two six one eight seven eight six One two seven one six one eight are the ones that I use when I see these numbers I leave them on the charts because they look like magnets many times the key to this whole thing Peter It's so God darn simple I tell it to people every single day and nobody ever listens to me and it's been Three thirty nine hundred shows over seventeen years and folks. I'm going to try it one more time Like Hurley said it's one thing a B equal CD if you think that how important a BCD is today Go to a five-minute chart and look at the a BCD on The price of Treasury bonds today it nailed the exact high at 120 10 and the market dropped a full point just a simple a BCD now there are other things there But that was the thing that triggered it Unfortunately, I got a small piece of it, but you know, that's what I do I get little bits and pieces of things and that's what I try to do leave the numbers on the chart Peter That's all I can tell you that's the key That's your answer that you're looking for we obviously off of the thing we got through that 786 on the S&P on the upside which was like 45 25 and we were all the way up to 46 34 Now that we're below it. Would you see that 45 25 the point seven eight six still is an obstacle As we rebound Yes, it certainly could be yes I just certainly do that now the thing that will tell you that it's not going to be an obstacle Peter is in the thrust if it comes out of there and like it did early this morning Everybody thought oh the bottoms in the bottoms in that's just short covering is all that was early in the morning Lasted an hour and a half and then you see the market roll back over I was involved with crude oil and gold and soybeans So I didn't get any that but I had to have a piece of it Which is small piece, which is okay, but that's what you want to be waiting for is to make sure when you see thrust That's going to be the thing that's going to say. Ah, this is this is for real We haven't seen that to the upside yet today We probably won't with only two and a half hours to go It's going to take a miracle for the market The only way the market will be up today if you see a print in the s&p at the 4450 if you see a 4450 print You do not want to be short, especially after hitting 44 34 So that's what I would be watching real closely But you know, it's hard to buy a market when it's down like this, but it's hard to sell it when it's up to it Yeah, absolutely. No, I appreciate that. I I kind of thought that was the case I will definitely make a point to Yeah, keep those Anytime you want to retest Anytime you want to talk to me you have my number just give me a jingle, but I love having you on the show, too This really helps my Flow of everything and these are the questions that I like to try to answer the folks because there's millions of questions out There on some of this stuff and you try to narrow it down to you know The whole thing is to try not to lose too much. That's the real key Exactly. No, I mean it I I'm a disciple of it. You've all I know that over so many years that You know, this does work and it just takes a little fine tuning and Continual education on it, but I am so grateful for everything you've done. I Can't even put into words. Well, thank you so you just did and thank you very much It means it means a great deal to me, especially on a day like today. It really does. Thank you so much All right. Okay, Peter. Stay safe my friend snow will be coming soon. Be patient Okay, folks, let's move on here and talk about a couple other little things Let me double-check to see what's going on in the markets today. Oh, it's held so far not much going on We got gold down at 1928. That looks like we're gonna have a Sing a triple not a triple digit, but gonna see but that below 1900 probably in the next few weeks So that's the main thing to pay attention to Oh dear my charts are all messed up here. Something's not right, but I'm not gonna worry about that right now That crude oil is now down five dollars a barrel folks from the high that we made here last Monday And I want to bring up the chart here today showing you what we were looking at on white Oh dear now, where did it go? I have it here right in front of me. I Give up. I had it right in front of me and it's disappeared. How can that possibly be? Wow Well, I'm gonna try to find it when we come up to the next break will be at about two minutes But that's the main thing. Let's take a quick look here at this picture in the German Dax because this is a one That could happen and if it does it's gonna be a beautiful You don't necessarily have to trade this but the pattern is what is really important So let me bring this up and this happens to be a German Dax Which is the German stock market and it's going to be showing you the one three five pattern that is Shut the front door, you know, sometimes if I do it twice it will give me the same It'll able it will lock in the second time why I don't know but let's get this up here And we'll be able to see it here Hang in there Forget it. Well, can't do it folks. You have any questions eight seven seven nine two seven six six four eight like I said today's a new moon and That's a very very important bottom at this bottom doesn't hold We're gonna be seeing some pretty serious stuff, but it's actually doing relatively well We're down a little bit the look where we were yesterday. We're down 50 handles You know heading down towards this number and now we're here and you know, nobody's interested in it early this morning They were interested you saw quickly the Dow Jones rally 200 points and gave it all back But that Dow Jones is still not made its target today We made the second one on the in the Nasdaq just a little while ago. We've made the one in the S&P, but the Dow Jones number is 35,000 480 4860 and that is still about 70 80 points away might still get there We might go through all of them that I don't know I'm just watching them one at a time and we'll see what goes on here All right, let me try this last one here. This is from our good friend Rich Anderson. We'll get back from the break here I'm gonna get this thing working so that you can see this comes from one of the smarter minds on Wall Street Ray Dal you at Bridgewater and I want to be able to show this chart to you folks to see you can see what's looking at So stay with us, please eight seven seven nine two seven six six four eight You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at TFNN.com the opening call newsletter is written by Basil Chapman Creator of the trading methodology known as the Chapman wave the Chapman wave up-down sequence gives you an edge in identifying price turns Finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman and your inbox every day First time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up TFNN.com educating investors Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter market insights your key to successful active trading Tom O'Brien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom Publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out market insights provides The edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to TFNN.com and subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results Market insights comes with a 30-day money back guarantee for all new subscribers So you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O. O'Brien's award-winning newsletter market insights firsthand TFNN educating investors Biotech is booming but for how long whether you think the Biotech bull has room to run or has run its course trade L.A.B.U. or L.A.B.D. directions daily S. and P. Biotech three times bull and bear ETFs visit direction Investments.com slash Biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 866-476-7523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Concluding the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC This program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ Okay, folks. I posted a chart from Rich Anderson. He's a very strong believer in Ray Dalio at Bridgewater Research and he sent a 20-minute YouTube video describing this current chart folks I'm going to share it with you, but I will tell you this this does not affect anything that I do in trading Okay, this is a fundamental thing about government deficits and bond insurance Things that I don't understand and I you know, I'm not a rocket scientist, but I have I have three degrees I'm a surgical I'm a scrub surgical scrub nurse. I have a BS degree in pharmacy I've got a master in business and I was from Indiana University, but I will tell you this what I do here is real simple stuff I've worked on it for years. It's simple works for me I don't try to make any don't you know qualms about it or anything like that But I want to show you this because he sent this out in a letter to all of his customers saying that we have big problems ahead of us Because the federal government is in trouble now They have to issue more bonds and they're gonna have to issue bonds at a higher price Because interest rates are higher higher interest rates. Okay, so this is gonna cause some problems You know, maybe the problems are today I don't know all I can tell you is this and that is that we've got something going on here that I don't understand And I the reason why I'm telling you this because people ask me questions about stuff like this every day And I and all people say God you can't tell people that you don't know this stuff because you're you make a fool of yourself a It's better to keep your mouth shut than to be thought of fool than to open your mouth and remove all doubt And I tell people right up front if I don't say if I don't understand something I'm not gonna BS through it or anything like that. I've ever said other people in this business do that I can't do that. I do I do one thing folks AB equal CD it takes me to the promised land and that promised land has been with me for a long time and That's all I can tell you it just works It's all part of that mantle brought stuff with fractal analysis where the key thing is the lightning bolt and lightning bolt is nothing More than the abcd pattern what rich was trying to send rich re rich reads incessantly he Subscribes to so many services and it's unbelievable and I I met rich in 72 When I was doing was trading through pain Weber and he had just Just started as a kid. He's about 10 years younger than me and of course he comes from a ranching farmery family and Hitchcock South Dakota and basically, you know, they had been in wheat and alcatel grazing and alfalfa and a few other things He got into this business and he became a huge Broker in the business for many years and he became a big money manager and he continues that To this day, but you know when we were listening to the squawk box back in pain Weber And I would make mention something about Fibonacci. He called the office to get my number and say What do you know about this number? You're talking about so I started chatting with him back and forth There were there was no prector book or anything like that There was no books that really had Fibonacci that were related to the market at all other than some of the metaphysical books that we talk About and then all I tried to do is to show him how abcd sort of fits together You know with the stuff one thing at a time and that's what really happened So something like this I bring it to your attention because you don't really know need to know something like this to be successful in the market You you don't know that that's correct. You do just it's not necessary. We don't know So let's keep that in mind as we're looking at these things here today So we'll see what happens at the end of the day how these things finally and go But I want to share one other one that is really important and that it's important to someone in the UK And I wanted to bring it to your attention because here is a pattern that we have and God willing it's going to come up and I have Alan I know you're listening over there and if it doesn't my friend. I'll email it to you But maybe the trade. Oh my goodness the trading out. Look at this folks What you're looking at right here, and this was up today. You can see the guardly pattern forming right here There's just there's your D leg right here. You can see the a bcd. There's your Just a little beyond the 61% retracement you got in there. See at this point You've got three ratios. You've got the a bcd, and then you've got the expansion of this move It's just taking you to 1.618 plus you're at really between a 786 and a six one It looks like in between like a 707 So you've got three numbers that tell you this is where you got to take your shot, you know That that's all you have to do and that's what it looks at But look at the a bcd's on the way down on this thing folks take a look at this There's one right here a b cd, and then you've got the big one a bcd, and you got a little one in between a Bcd, and this is a daily chart now the footsie they do trade it, but it's basically Stocks in London that are domiciled other places in other words a trade on that London stock exchange But they're from Switzerland South Africa Spain all over the world and that's I don't know why they even call it the footsie in fact I've never traded it. I look at the charts because my friend Tom who guard trades it and I keep an eye on it Just to see that the same numbers on the footsie are the same numbers on the s&p So that's what we're that's what we're looking at here as we're going through some of these the Treasury bonds Treasury bonds if you just Listen to the letter that I write each week These Treasury bonds are in big trouble folks interest rates are going to go higher how much higher nobody knows But they do or there are pointed to go higher and the reasoning for that is There's too much debt out there. So the only way they can you know to take care of the debt is to issue more debt They certainly can't pay the darn thing off The only way the government could pay this off would be to sell off assets No, I E the golden Fort Knox if it exists and if they did why would they ever do that or even the land? Look at these areas of land as I was driving across the desert to get into California I was seeing the huge you go miles and miles and miles and it's nothing but government land and So they have a lot of land, but that's not it All they got to do is reduce their spending a little bit and they're going to be a hollow a lot better than that But you know once you elect somebody into an office All they want to do is spend and that's not a good thing to do Let's remind ourselves of that now. We only got another minute or so I believe in this segment so a minute two minutes to go So if you have any questions, you still have time to get in eight seven seven nine two seven six six four eight We did have a question that was emailed in to us this morning and that is about copper We've always talked about, you know, could doctor copper copper's been under a great deal of pressure recently And why not look at gold? We're getting gold is spot gold is under $1,900 folks Considerably below $1,900 December, which is a you know premium because of the the carrying charges and everything is trading at 1929 I think just a little while ago So that's why copper doesn't look that good and then you get news from China that their country-wide Savings or real estate deal is really in trouble. It's getting worse and worse. So we're getting stuff like that I mean, that's one of the reasons why the market is probably as you know sold off a bit today Who knows we'll have to wait and see we did have a little bit of rally off of that bottom We went from 34. We're up to 47 right now with two hours to go. So that's not too bad So it's least just acting pretty good if nothing else and so we'll see if some of these things I haven't told that they Nasdaq has had a pretty good run here. We we made a new low We made that number 49 88 and we're 100 almost 100 hands off the bottom So there's some kind of bottom that is formed in here. So that's the good news Let's hopefully that some of these things will come up and I'll tell you that Dow Jones is acting good We're gonna talk about that when we get back. 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That's TFNN.com then hit watch Tiger TV Okay folks I posted a chart of that we were talking about when the Dow Jones broke that 3-8-2 up there at 35,000 and 82 the target on that was 34,867 we got as low as 34,910 That's as low as we got we're trading at 34,990 right now now the number in the S&P was hit perfectly at Fort well so far that doesn't mean a much 44 34 I was that big ABCD It's posted there in the room if you want to take a look at it and then also the NASDAQ which I tried to post and couldn't was just under 15,000 14,980 I believe and it's rallied a hundred handles since that time and that's all this is is a you know It's a rally eight day in the markets been a bit oversold because we've been down We'll be down six or seven days now and we're down a month Well, actually that we topped on the 28th of July in the Dow Jones and here we are On the 16th of August so it's been down three weeks if you go back to look between June and July It was also down three weeks and was also Making an ABCD. So if this market would close strongly today like the S Dow Jones close above 35,100 the S&P like I mentioned close above 4750 that would be a really good sign. They were not too far It's all it's 44 84 right now. So if you can close above 4455 actually is the number we close above 4455 You have a pretty good idea that yes, this might be a major bottom here in the stock market Mainly because of this lunar cycle and all these ABCDs coming together So I hope that helps and we will have Mike Moore as our guest tomorrow You don't want to miss that because if you trade oil or gasoline or heating oil You certainly want to pay attention that young fellow because he has got his finger on the dial Live every day in an attitude of gratitude and may God bless