 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Oh toll-free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis. Well, we have a full moon tomorrow. So let's keep a close eye on that What we're going to be looking at today to start off with is the German Dax as you can see it's been in a Pro-stended that pro-pro extended downtrend for quite some time bouncing around these little ABCDs but the one that looks the most interesting today folks is the you'll take a quick look at this this is the the UK market as you'll notice here. We rallied up to the 78 percent level just spot on up there at 72 80 We've now broken down about 70 points into major support here at 72 40 in the 72 14 in the FTSE so kind of keep an eye on that if you do it, you know, it follows a nice patterns the one that Alan didn't put in here that's really interesting if you look at the low from August the 12th and The one into the 13th yesterday, you can see that really nice three drive to a bottom there There's a small one in green He's got that one pointed out But that larger ABCD has a really nice one from the area of 72 60 down to 71 60 very similar to like what we're doing in The SNP so let's take a quick look at what's going on with that SNP because we We had some real interesting things that we were Sending out yesterday because of the fact of what that market was doing shut the front door and where did it go? I know it's here somewhere. So just bear with me here one second folks and we will get it Oh, we got a caller from The state of Washington Marshall. How are you this morning? Good morning. How are you this morning Larry? I'm okay. I'm okay. I'm by myself I I said my friend John Jamison over to California for the week to look at all the museums they get a museum and the Manly Hall Institute all that stuff so that I Could take a little break. What can I do for you my friend? Well, you've been talking about this research You've been doing with Jamison for quite a while here And I was kind of wondering if you kind of explain it a little bit what you've been doing and What's happening and is it going to go further and what's going on? I think we're we're getting close to where we're gonna We found out some of the things that we like my met John 15 years ago He became my student and I've been conversing with him for about an hour a day for the past year on a project that Not related too much to commodities as for a cryptocurrency is trying to learn some of it Which I have had a had a difficulty with but I invited John to come over and spend You know July August with me to take a little break from you know The Isle of Man and you know and have him here with me working with computers and stuff So that's been a lot of fun But when when after he got here, I realized he was an autistic savant And I don't know if you've ever been around anybody like that Marshall But it has it has opened my eyes to what the mind can actually do he reads He reads more books in a week than I probably do in two years and he remembers it all Has a photographic memory if he reads something he can repeat the page back to your word for word without even missing a comma I mean, it's yeah, and he's very good with computers, which is you know helpful to me I can copy and paste now. Can you believe that the next thing next thing? He was going to try to get me a Twitter account, but he realized that was too sophisticated for me But the main thing that we worked on is he works on data and we watch you know These things he works on a call Bayesian statistics, you know way above my pay grade but it's based on data dependency and what data does in the past and how it moves to the future and That kind of stuff and so we found a couple of things that are just absolutely incredible. We're testing them now and It's it's very very exciting. So that's mainly what it is But boy, it's intense my Marshall He starts at five in the morning goes to ten o'clock at night non-stop and when when it comes time for him to sleep He literally has to do exercises yoga exercise and some other stuff to calm his mind down So that he can so he can come down so we can get down to a level that he can sleep I mean, I've never seen anything like it It doesn't we've introduced him like you've been out here to see me lots of times So you know you meet some of our friends and stuff and they just they're amazed at the level of knowledge that he has I mean, it doesn't make any difference what subject could talk about he you know, he's he knows a lot about it He's really nice. You know, he's funny and he's nice. He's normal, but boy He's he's just like the rain man on the other side of the scale It's just yeah, it really is it's it's really it's been good for me because I I realized how Subnormal I really am but I keep I keep I keep it as I keep it as simple as possible And what I've been able to do for him because he likes to trade But you know, he for him to look at the screen is just about the most boring thing in the world But he does like the results and I've tried to get him to you know To calm his mind down and maybe just look at one or two little things and that's what we've been really trying to focus on So that's pretty much it Wow. Well, you you've really hit it out of the park. You found Shane and then and now yeah Yeah, that's right. Yeah Student. Yeah, well and you I found you too. What are you talking about? You know, give me a break I Know you are I I think about you all the time every time we drive by Guadalajara and please give Lynn my regards and we hope to see you know this spring You always come by in about six weeks, so We'll be here. We'll be here be no canyon and do that that night tour with full moon Yeah, you've been up to that have you been up to Mount P Mount Kim Mount peak Oh, it's at no kid peak to see the astronomy lob. That's really cool, isn't it? Yeah. Yeah, that's real great Really appreciate all the hospitality that you've shown us and the and Appreciate everything you've taught me to Larry. Okay. Well, thanks a lot Marshall. Listen, you have a good day my friend And we'll we'll talk to you pretty soon. Okay? Okay Okay. All right. See you later Okay All right, we'll move here on to the next thing that we want to keep an eye on here is We've had a inversion in the yield curve that caused the bonds to go absolutely Ballistic to the upside we took out the wax we took out 165 in the bonds notes have not made a new high But it's probably just a matter of time before they do that We've had a little rally back in gold from the bottom if gold gets if gold Let me see what's happening here. Hopefully we still have a Connection here double check broadsword to Danny boy broadsword to Danny boy. Have I lost internet? Have I lost internet? The chicken is in the pot. The eagle has landed. I think okay. I'm still live. All right. There we go We're back in business. I want to Bring to you your attention the chart of Bitcoin because it has been following pretty much exactly what's been going on with the Gold market and I've got a couple other stocks that we want to cover some folks that have asked for some questions But we did make that 61% retracement up there at 12,200 we're now trading at 10,500 so we have a nice correction here in the Bitcoin much like we did in the gold if gold gets above the 1130 excuse me 50 the 1538 level and we could easily see 1575 that's that could easily happen. So we'll we'll see when we live in interesting times I will cover the S&P first when we get back because that's the most Questions are asked for but I'll have that S&P chart for you when we get back 8779276648 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 727-329-8322 or email us at tiger at tfnn.com That's 727-329-8322 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 hear all of the TFNN 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 or on the front page of TFNN.com TFNN has launched our brand new website You can still visit us at the same TFNN.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 TFNN.com now and experience all the upgrades TFNN.com educating investors Call now toll free at 1-877-927-6648 internationally at 727-873-7618 Okay, we're back folks and I posted the chart of the e-mini s and p with that hide that we made yesterday As you can see here, all we did was go out and take out the hide that we made three days ago four days ago But that one excuse me 2940 level we hit 2944 Of course, we're trading, you know 50 handles under that right now That was nothing more than going up into really strong resistance and you can see The importance of the Fibonacci numbers as you look at it. I mean it's right there Now we're now we're to point on the downside. We really need to hold should we get below 2865 That's going to be quite negative and whether that'll happen or not Remains to be seen but these markets react to twitter feeds or whatever happens and they move quite a bit And that's all you know, it's really all you can do it We could see that coming yesterday because it was coming off of major support And what we did is we were right up and stopped at major resistance The problem we're having folks is that the small caps are doing so very very poorly that it's really It's really important that we look at this next chart. I wanted to show you here. This comes from Raymond James research, but it really gives you a good idea of how poorly the stocks for the The small caps are doing and that's you know, a big part of our economy Of course is the smaller companies and you can see this down move that we've had here has been You know even more substantial in the small caps that it has been In the larger ones because the Dow has held up relatively well And we're still you know substantially below the lows we made on august the 8th, which was the you know The really big down day we rallied back up but going below that low of august the 8th would be Incredibly bad and today's a really important day mainly because we're one day off of the full moon in here And it's just going to be really important to see whether we can hold this 2860 level In the s&p that's going to be the key for me to watch that because breaking that means you're heading down And this lunar cycle that we're looking at either today or tomorrow may not You know be bringing in any support, but we'll do one thing at a time Now if we had a question for a couple of things that we needed to cover one was The thing about that I mentioned yesterday about dutch bank I wanted to bring this up because I had a question about it from someone last night If you'll notice here back in january dutch bank came out and offered their stock at a 35 discount folks Stop and think for just a minute. I mean, you know, you don't have to be a rocket sign Why is somebody doing that? You know, why can't they just go to the bank and get the money for that? I mean that that's this is just common sense but I just thought of something funny speaking of common sense. Why would anybody? Why would you give a hundred thousand dollars to somebody to hold your money and not get all of it back And that's what they're doing in the bottom in these foreign banks like or foreign countries like france switzerland france switzerland germany spain and One other one like uk i mean in japan You know and that's what they're doing, you know, but that's the way it is. We'll see anyway Now you see where we are as we're heading down. We're only if we take out six dollars the You know, it's going to go down to that 1.6 way down around four And there's no way that germany is going to let their flagship bank go under so You know, it's going to if it drops in half again from here We're going to be looking at something that's going to be relatively interesting to look at someone's asking a question here mentioning bitcoin Okay, here's a mr. Z is asking about bitcoin and okay here is here's some questions I think terry. I think what I think the central banks have made a bad mistake and they don't know how to correct it If you want to know the truth that that's hey, but I hey I'm so far behind the leal curve on that's the thing that I don't really know But here here's the one thing that if you want to write these down, you know There's thousands of bitcoins out there and china has most of them But the the main six that john follows. I'll give you these these are bitcoin litecoin ethereum Ripple cardano and stella and his favorite is cardano It sells for about a nickel a share and the reason why he likes cardano is the man who used to run ethereum Charles Hoskinson's this out of a company out of hong kong Is running cardano and it's got all of the things necessary To make blockchain that good. That's only a nickel a chair. So nobody sees it, but there's so many of them out there That's pretty much what it said. So those are the ones bitcoin litecoin ethereum ripple cardano and stella and believe me He really understands his stuff Yeah, he just really does anyway, that's that's all I know about it, you know, I really don't know I'm going to try to get him on next week When he's back to you know, talk to us, but he doesn't like to He doesn't like to you know To get into the public stuff very much. Anyway, let's take a look at a couple other things that some people have asked me about And the next one, of course Let's get it up here So we can see it and that is the the old granddaddy of them all which is general electric You can see here The main thing is is look at 99 you can see the three drive to a top pattern just Sweetest could be up there in the january of 2000 and the market went from 60 You know all the way down to five and it rallied up to 32 was now trading in around nine And this looks like you know, the stock is not going to go anywhere But this was the last of the original dow Jones industrial averages over a hundred years ago It was the last one that was replaced by wall green So that's pretty much it people don't realize but of the the 30 dow Jones industrial stocks 15 of them Went bankrupt during the time between 32 and 37 I think American telephone went bankrupt twice as I recall From the book only yesterday, which is I re as I recall that so we'll keep an eye on that Okay, the next one that Someone has asked us about is the old let's get this up here So we can see it to get into the marijuana stocks here a little bit Don't do stocks, but we do charts. So here's this tillray You'll notice that it made a top up there to 300 bucks One of these vertical move now. This is this is what you really call a What do they call that doggone thing a mania? That's definitely a mania up there But the key there is if after the market break breaks from 300 You know down to 100 it rallied up to the 382 level exactly At 170 and from there, it's you know got all the way down, you know to 30 The best way to look at it where we are right now is if you'll just blow it up On the daily and just be able to see it a little bit better You'll be able to get this up to see where this still looks bearish I mean it's not going to go anywhere But we're completing we just completed a little abcd correction here last night at 46 So that's this is pretty much the This whole thing about cannabis might be a real blow off Whereas the thing with the the bitcoin we really didn't do that Mr. Z is asking no, I've never traded anything I Mr. Z John I hardly ever trade stocks I mean I I really do I Mainly I do foreign exchange and futures and that's pretty much it And I don't really do any more than that that's and I only follow about 12 things You know, that's my biggest my biggest thing with John is to get him to focus on just you know Five or six things but you get him to focus on something the next thing you know He's he's looking at a monthly pattern that has nothing to do with trading, you know So you got to keep it really simple folks. It's it's not that hard Like you know, like mark Douglas says trading is simple, but it's you know, it's not easy in the easy part is You know being able to uh, you know understand, you know, what what you really need to do to try to make a buck Well, hey when we get back here, uh Yes, I do Terry and we'll we'll get back here. I want to talk to you about a problem that some people have I think you'll like You Larry Pezzavento has just started his brand new service Fibonacci 24-7 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 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 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It's a mirror of all the psychological baloney that's going on in your life at that time I mean it really is and when you start counting money That's when it really gets difficult So I would really highly urge you, you know to try not to look at the monitor You know all day long first of all your eyes will go bad and the second of all it's not going to help you at all You can do short term trading if you like but only do it for periods of you know an hour hour and a half But the best thing to do is to you know plan your trades for the day And then put the order in and as soon as the order is filled put your stop in put your alerts in if it's made the first Profit objective and the rest of it not even worry about because the market doesn't care About you they really don't I know it's hard to believe but they really don't And remember that looking at that monitor doesn't do anything but confuse you because When you see prices go up it makes you feel good if you see prices go down Makes you feel bad. That's if you're long the opposite if you're short But it really doesn't make any difference. So try not to look at it The only way you can break yourself of this habit Is to do it in baby steps if you're watching the monitor all day try to break it from Say don't look at it for 10 minutes and then 20 minutes and then 30 minutes And you can every I check it every 30 minutes Those of you that have been out here to see me know that I don't like to look at these things I put the orders in and you know, that's really what I try to do. So Let's let's keep that in mind. Okay. Looking at this first one from bill. Do you notice that that's expecting the This is the a histogram that shows that the probability that The top will be be made sometime in September or in top at sometime in august The second one that bill showed us was this is the german bond And that's been that's been going crazy because it's at a negative yield down to Someone just posted it in the room at point minus point six two Never be looking here No bruce. I I try to keep my eye on the road. In fact, I'm driving like an old man these days Anyway, which I am so that makes it about right So that's also topping and then of course he has another one here Which is the japanese bond market and that's been negative for for quite some time And it also has a tendency to stop during that august period And we're in the middle of august as of today as we come into this full moon tomorrow And we'll watch it tomorrow is my grandson's birthday 19 years old. I can't believe it, but He was born on the full moon in august of 2000 and uh, his middle name is moon His name is chase moon Doyle his mother is quite involved with the The esoteric part of astrology not from my end, but she does like reading charts and things like that David white just posted something from paul tuter jones that we should probably read this every day These are the rules that he goes by is lose your opinion not your money Never average your loses folks. That's the worst thing you can do in anything is to average You're losing trades. That's that that'll never work Never trade in situations where you don't have control And if you have a position that is making you uncomfortable the solution is really simple get out W. D. Gan said went in doubt get out and so did jessie livermore and a whole bunch of other people Don't be concerned about where you got into position be concerned how you get out of a position That goes back to the movie knock on any door with the john derrick. He plays a detective and they ask him You know, what do you do when you walk into a room? He said the first thing I do is look for the two exits that can get me out of it And that's what you should do with your positions Be concerned on how to take care of yourself and getting out of position The most important rule of trading is to play defense not offense And every day you assume your position is wrong. You want to protect yourself against losses And don't have an ego folks. I had a hard time with that earlier in my career And I fortunately I was very generous and I kept a lot of my friends But boy I was I was flat out obnoxious when I was making money at the very beginning because I never had any And to have it was a was a big change after I lost it I realized what the importance of it was but that's it Anyway, those are the main things that you want to pay a close attention to Now the next thing we want to look at here folks is the british pound We're down in this area here where it's really trying to hold Let's just get this up here so we can take a quick look at it We got down to this 120 20 level That was the low that we made and we've rallied about 100 pips off of that We really haven't gone anywhere But it is trying to make some type of a bottom the us dollar Index has you know made that big three drive to a top pattern that and we're now trading We've been down for a week and we're having pretty strong day today because the euro was a little weaker But we need to get that if the dollar is going to be really strong it needs to get above 99 We get the dollar above 99 folks. That's going to be a game changer I don't know if it has anything to do with the tariffs or any that other stuff But we do that that would be important and also on the downside If the dollar would get below 95 that would also Be some type of a game changer because that means that the euro would strengthen up And then we would be looking at a much much lower dollar, but that's down the road The questions that are people asking me about the gold market. I mentioned Yesterday that it was due for correction. We did we dropped I thought it was going to drop about 60 bucks. We dropped 56 dollars in a matter of a few hours Since that time we've rallied back to the 61 percent retracement up here at 15 25 the Heisman 15 29 And so the 786 on this comes in at 15 33 if we get it about 15 33 folks You're most probably going to go up and see an expansion there Up around the 15 85 1600 level and above 1600 It's going to take you above the 61 retracement of that whole move From from august of 2011 when we hit 1932 folks if we ever get above 1932 The profit the profit price profit Let's try to use words Larry the price objective on that abc d swing should be clear 1600 in the gold which we could easily do I'm You know, I'm hoping to see a hundred and twenty dollar correction here to get a good place to buy it but That that profit objective takes you to 2700 an ounce And that's uh, you know, that's not unreasonable because you know once we cleared You know the 860 level we went to 1911 Or 1932 Per ounce that was in august of 2011. So we could easily do that. That's a that's not undoable So we'll keep a close eye on that Someone's asking a question about negative interest rates Hey, if you believe in it do it. I mean, it's you know, I don't understand it I think it's the most I haven't yet to meet anybody that I talk about that says they would do that But that's what they're doing. So that's the main thing the cattle futures of mr. Z's talking about that They've had a big collapse in cattle and that's uh, the lack of demand is part of it But also, you know, the the other things that are that are going on with the tariffs are having some effect But these cattle have broken a great deal. They've pulled hogs down too. So We are, you know probing for a bottom down in here. We want to wait to get a little bit more information the Um No, the demand is there Natural gas and natural gas looking pretty good. Yeah, we'll cover natural gas when we get back Tucker. 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That's 877-518-9190 It's amazing to think that tom o bryan started his weekly gold report 17 years ago with the first issue Published april 7th 2002 when gold was trading at under $300 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom o bryan publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u hui gdx the dollar bonds south african rand as well as 25 different mining equities with specific buy sell recommendations As of april 1st of this year the gold report currently has eight active positions with an average Unrealized profit of almost eight percent for each open trade new subscribers get a 30 day money back guarantee So you have nothing to risk for all the details and to start your gold report subscription today Visit the front page of tfnn.com. Don't let gold's next big run pass you by sign up today Will the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spx l sp u u or sp x s directions daily s&p 500 bull and bear Leveraged etfs direction leveraged etfs an investor should carefully consider a fund's investment objective risks charges and expenses Before investing 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 directioninvestments.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, we're back folks and I someone said we have a caller this morning Can I help you? I guess we don't have a caller Well, I thought rich anison was going to join us today, but maybe i'm wrong. We'll have to wait and see Hey rich, how you doing this morning? Good. Good. I was trying to use another speaker. Don't worry. Okay Hey rich, is the end of the world been reached in the corn market yet? I think I think we're at a pause point You know they they caught everybody leaning in the wrong way and they're punishing them I figured the punishment will be over no later than tomorrow morning basis, you know various things And uh, so i'm just you know looking for some kind of market action, but the gap that we left is very disconcerting We need to overcome that gap in the next couple weeks Um, I The amount of prevent plan acres of both corn and the beans I think they're playing with the numbers But you know you got to play the cards that are dealt on the on the table and For the moment those are the cards cards dealt in the table and in the market will tell us When those cards are going to be changed and that's that's what i'm looking for you know, I Was looking for a various report to give me an opportunity And I think this is opportunity um But you've you've got to trade technically and you got to manage your risk They you know the the key to being a successful in trading long term because any fool can make money on one trade Is to learn how to be a professional At when you're wrong in losing small amounts Rich someone's asked a question today do this on purpose You know give us bad information when it was in june when they said there's going to be no more corn in the whole world And now we're a dollar a dollar a bushel lower and they'll tell us we have more corn that we'll ever use I mean is this he's asked that he's asking the question. Is this done on purpose? What you know, you know in conspiracy theory if it's almost seemed like it's it's uh I you know in june The commercials You know weren't covered and and you've seen that in the basis, you know the basis went from 40 and 50 under Um to even money You know, so as the market went down the cash price went up and so It didn't change all that much to the the farmer up until this report because the cash price kept increasing As you know the cash versus the futures the cash used to be 60 under and all of a sudden the money You know The commercial needed to get covered and you can tell that's what was happening You know, they they can destroy the commercials That that's you know That's that's my view of it And then in the cattle market you had an unexpected fire of a titan plant last weekend And so now you're gonna have the packers in control of the market and they're gonna make you know, maybe $300 ahead And the feedlots are going to be looking for work and I sell my cattle and the you know the best places on the board And so that that kind of became a trend, you know that train wrecked from a fire So, you know things sometimes happen Well, that's why I was warning about the cattle market because of the fact that you know, we had this You know really big collapse in cattle. So it's been really really quite amazing Uh, what about right now because you just don't have a place to kill that many cattle, you know, you've taken You need to kill 100. Let's say you need to kill 100 head and you took You know capacity for 15 had away those 15 had got to go someplace else. There's no place to go That's that's um, I I didn't interrupt you your question No, no, no the other question that's did they ask me every every session here is about negative interest rates I I I don't understand it. No one's been able to explain it to me It's never happened before in 7 000 years of history of economics, but uh, can you give an explanation of negative interest interest rates, uh rich Well, it it's part of it, you know, like in germany, it's six tenths underneath Um, you know, you pay a thousand and sixty dollars and you get back a thousand You know part of it is the some a certain amount of money has to be put in the government bond And the banks have to take what they're told and do what they're told It's it makes it makes no sense to me. It eventually it'll be a train wreck But in the meantime, you know negative interest rates, as I said last time I was on the show Golden silver and silver's undervalued versus gold in the relationship. So You know go with the ponies that are running Yeah, that that's a good one. So they're in the stable Hey, I like that one. Yeah, I got a better one. Fall the oats is a lot more expensive than the oats has been to a horse, you know No Hey, listen, thanks for calling in rich. I really appreciate it Oh one other question we have asking at the beans have actually held up incredibly well during the fall in wheat and corn Um, the beans still looking good to you longer term I I think uh I think that Maybe going to be a story that nobody's thinking about right now I you know, I can I can make a case for bean oil Because if we don't need the meal, you know, they're still going to need the bean oil and You know the last time I was out in the country, which is a week and a half ago I could still roll fields and your your yield is dependent on the canapina that The leaves cover over the dirt and that preserves the moisture and that's when you get the best yield Uh on the other hand, it's continuing to rain and rain in august produces more plots So I don't You know, I I think there's a story there and and the harvest lows, you know, I think we're gonna have a giddy up You know the the two leaders g and trump They both have their individual problems and they need to uh sit down and get it squared away It's not helping anybody over here over there I agree with that 100 rich. Thanks for joining in buddy. I really appreciate it Alrighty, take care. Okay, you bet rich anderson folks of anderson capital management. Let's take a quick look here at the natural gas We're waiting for a really important bottom here One of the things that i've been working on with john jamison our patterns that uh show Tops and bottoms and we've got some, you know, real real incredible research on how these things are actually done Not just looking at the fibonacci ratios But in the sequence of actually how it happens and we have that situation going on here in natural gas You'll notice today we completed an abcd pattern over the past week from august the 5th Into the 14th. So that's a 12 day cycle topped right almost exactly to the 61 percent retracement Missed it by a half a point and now we're in a corrective mode So this corrective mode is going to be really indicative of what we're going to be expecting and The key here will be the 207 level the 207 level if we break that then we're going to be looking at something You know considerably lower as you can see from that black line That's showing from the uh, june 20th down to the june 29th Excuse me july 29th. That's basically a price line showing us that we'd be looking at 1.97 in the Natural gas it should we get there so the sequence that we're looking at right now Is very very important especially with the top being made today A pullback and if we exceed that top and get above 222 That changes the whole the whole structure of what we're watching here So let's kind of keep an eye on that the stocks are weakening up again We've given up everything that we made yesterday and this is not acting very good folks. It's just uh, it's one of those things that Makes you wonder why it jumped as much as it did yesterday but went right up into resistance and You know stopped exactly where it should have so we'll see 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 at everything you do in life It's the most common trait that we tigers and tigers share If you're looking to become the best of the best when it comes to managing your money Let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets I'm steve rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals Which have earned me the ranking as their number one market timer in the nation for the s and p 500 for the last 12 Six and three months timer digest also ranked 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 in 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? 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I've been asked to take a look at the pound versus the swiss franc cross rate You know, we got 29 countries in the euro zone and they cross those different currencies But you know, I stick basically to the big six with the dollar I don't do these crosses very often. I'll do the pound yen euro yen, of course and the euro pound But this was a little unusual one But what he's showing here is a potential bottom a potential triple bottom down in this area 1.16 and that that means that you're long the pound short to swiss So if you're looking to buy the pound you're looking at that Level of 1.20 holding and if it doesn't hold The next level on the on the british pound that we've talked about several times here And let's just post it again just so we don't forget Because it's going to be real interesting if we do get down to the area That's the area of 1.08 30 And we could certainly do that without too much trouble because the amount of bounce that we've got here In the pound is like a balloon without helium. I mean, it just doesn't want to go up very much So I'm looking for 1.18 30 that takes out the brakes at low We went from 150 You know down to 119 and change and then we rallied all the way up to 143 If we take that old low out there at 119 I think we can get down to that 108 level 118 level very easily remember the pound at one time Back in 1985 got down to I believe I think it was 85 as I recall was it 85? I might have been 103. That's one of those two numbers I think it was 103 and but we'll see what happens It's going to be interesting to think The european leverage in bregge. It has diminished. I don't know that terry. That's I just look at the charts You know sometimes they help you sometimes they don't to help you more than they hurt you That's for sure because you're not going to be fooled with bullish fundamentals like we've seen in hogs and corn and some of these other things So that's really the bottom line of what we're watching here. We're at a critical level here At this 28 60 in the s and p we break below that folks It's not going to be very nice and we could have one of those days where the Dow's going to go quite a bit. We will see a day where the dow's down more than 1100 points for sure We had a big drop was 900 you multiply that times 1.6 That means the next drop will be around 1500 points in the dow in one day someday But when who knows 877-927-6648 see on the flip side