 Sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. 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, looking good, Billy Ray, feeling good, Lewis. The first chart today comes from our good friend Jeff over there in New Jersey. It does a lot of great work. I love the black background, that part I don't like. But it doesn't make any difference. It works great for Jeff. But he has a beautiful 135 pattern here in the Dow Jones Industrial Average. And the fact that that right side took it out by just a little bit and then gave it back is actually a good sign. That was known as a Bryce Gilmore key reversal. So we're going to be looking. By the way, our guest today is going to be Paula Webb Douglas. And we're going to be talking about some things. And I've got a big surprise for Paula Webb Douglas. One of my things on my bucket list is coming true. So stay with us for when Paula T gets on the air here in a half an hour. You'll notice here that the price objectives of these ABCDs measure down into the area that we were looking at much lower. If that is a case very similar to what Jeff Hughes talked about. And also the fact that maybe just maybe there may be some type of correction. Now I wanted to share with you some statistics from the Bank of America. And it's regarding the Federal Reserve. Let me blow it up here so we can see it right here. Basically what this is saying is that every time that the member of the Federal Reserve is not your friend, folks, I hope you realize that the stuff that they talk about may or may not be true. But you'll notice here every time the Fed pivoted and I was I've been involved with every one of these because I've been trading for so long. And I can remember 1970. And I can't remember all of them. The member of Volcker and Burns Greenspan Bernanke and Yellen and now Mr. Powell and Alan. What was Alan guys? What was his name? The one before Mr. Volcker. Anyway, he was under Carter. Anyway, you'll notice every time that they pivoted, there was a big correction in the market. In other words, rates stopped going up. And when they pivoted, that's when the correction came. Now remember, folks, you're looking at one, two, three, four, five, six, seven samples. Not good. You get a hundred samples. That's good. But this happens to be just only seven samples. The reason why is they don't pivot very long. And Powell does what he says he's going to do. He says it's going to be data dependent. Wow. Let's get to the pedal meeting the metal folks. They've told us that everything is okay in the banking index and oh my goodness. Let's just take a look at this and see if, in fact, things are really like they say it is. Now this is, we owe a whole debt of gratitude folks to our good friend Jim Bartolioni of Bartch charts. If you see right up here, he sent us a special thing saying, hey, this is the moment of truth. He's putting down. He remember he had a beautiful chart. So the three, eight, two in the long-term weeklies. He had the ABCD structures built into that. And you can see we've had to move down. Now look at the action here over the past few days when we've had these banks being taken over. Folks, there are, there are, there are 50 index banks in this index. 50 of them. Every single one is read today. Some of them read big time down 7, 8, 10%. There's something wrong in the regional banking index. It could be commercial paper. I don't know what it is, but when you see a chart like this and we've seen them before, it's telling you something. Remember folks, they can lie to you. They can give you misinformation. They can cheat you. They can lock you in a closet. They can put you in a trunk of the car. But the one thing they can't do folks is hide from you. If prices are going down, guess what? There's more sellers. If prices are going up, there's more buyers. Try to remember that. Look at some of these stocks and some of these regional banks. They're getting absolute creamed. And speaking of being creamed, let's take a look at none other than the crude oil market. We're going to get this up here and show you right here. And we will have Mike Moore of Moore Analytics will be our guest who has been saying as he was on the show Monday when it was trading at 83. You can see here we've been just dropping, well it was trading at 78. But you can see here it's just been, no it was 83. But you can see here we've been dropping and dropping. We didn't stop at the 61% retracement. We didn't stop at the 78% retracement. Both of those were very small losses. But after the market closed, we dropped $4 a barrel. Do you see that right there folks? That's a $4 that we took out the lows right here. So they know where those stops were. So somebody picked it up really cheap didn't it? Now guess what happened after we hit $64 a barrel. Hello. We have a big, big rally. And since we talk about things on this show that we like to prove that sometimes they work, sometimes they don't work. But here is an updated version of what happened to that chart with the crude oil. And what we're going to do now is to bring it up so you'll be able to see it in live motion. There was the big move down. Look at this. Do you think how many people, what happened there? It smells a little fishy. But it was real trading folks. Look at the low today folks. It was an exact 382 from the low to the high to there is a 382. And we've rallied already $2,000 or $2 a barrel today off of that 230 and 382 retracement. Now we know that the 382 retracement doesn't work all the time. But folks, it works some of the time. And boy, that's what really counts. When you've got that in your quiver, you can take all your arrows out and get ready to shoot for that one. Because that's a really, really great one to be trading when you get it. And it was actually, it missed it by 12 pips, which was $100 but close enough for government work. Anyway, that's something that we're paying very, very close attention to right now. The other thing that I, there's two or three really big things happening today that we talked about yesterday. And I want to get to those. But one of the main things today is I want you to see this is that we just got this from our good friend Chuck G came back from his trip to the Amazon. And I want to show you the chart that he sent us on the SPY today because this was a very, very important pattern here in the SPY. We went down exactly, to guess what folks, A, B, C, D. And that's where it stopped and we've had a pretty good rally. We've rallied about 30 handles off the bottom and about 200 down points. So that tells you that there's some type of a little bottom in here. Now remember, prices can go up and prices can go down. It depends on when you're looking at them and what you're trying to do when you see them. That's the main thing that we're watching right here. Now we've got a break coming up in just a moment. And when we come back, one of the most important charts I've looked at in a long time is going to be on the air. We'll be right back. 877-927-6648. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, Forex, stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence Forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive. He just hosted Forex Strategies and Fundamentals What is Behind the Tiger Forex report. For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. 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. 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TFNN Educating Investors. Free at 1-877-927-6648 internationally at 727-873-7618. Okay, we're back, folks. I'm bringing up a chart that is very, very important from a technical standpoint because it's follow the money time. And we know that from Bernstein and Woodward. That is very, very important. This is the Euro, you'll notice here. This is a four-hour chart going back quite a ways. And last five or six weeks, but you can see the ABCD patterns that are up here and the fact that the market has made, it looks like a potential for a triple top up in this area. Now, what was extremely important to us was the fact that we had this beautiful ABCD coming in right at the 382. And I mentioned this is where this market should absolutely explode to the upside, much like we saw in wheat, much like we saw in the S&P last Wednesday on the 26th when we hit 4074. And we ran 100 handles in one day. That's what that should have done. But that's not what happened. Let's try to see why. All we're going to do now is we're going to take a look at this chart and we're going to bring up the long-term weekly chart of the Euro. And as we bring this up here, you'll be able to see this goes back very, very long time. Get it up here and be able to see it. Here we are. Okay. Now, you can see the trades that were through here. There was a 382 retracement and then we have the big... Now, this is nothing more than a large ABCD to the downside. You can see you have another ABCD to the downside. That happens to be a perfect three-drive to a bottom pattern. If you measure the weeks from the B leg down to the C leg and the C leg down to the D leg, they're equal. And there you became quite bullish here at 96. And now where we are is we're right here. We've hit it three times now, folks. And today it looked like it was going to blast through there like you wouldn't believe. And it hit that solid wall and just broke badly. And now we're almost below that 382 retracement that we looked at just the other day. Now, it may or may not happen, but that's what you're looking at. If we ever get above this level, which is 111, that tells us that there is a longer ABCD. There again, there's your magical 382 retracement right here courtesy of Tom Hougard. And when you see that, that means you're running away. But boy, if you don't run away, that's when you're moving. See, we've taken out the lows here in the last day or so. In fact, today is what happened. And so that's what we're paying attention to as we look at some of these charts here today. But that's a very, very important. But right now it has a lead of about 80 points, which is a good way to start. But not all the time does that happen. Now, because you've been so kind, we are going to take a trip across the pond. We're going to go over to look at our old friend, the German Dax, the favorite trading vehicle of Trader Tom. And if we get this up here, you're going to be seeing a market that looks so different than ours, that it's unbelievable. We had an ABCD, there's your 61% retracement, another ABCD, all of them measure up into this area. And as you can see, it started down at least from the very beginning. And the way we try to check on that is if we'll go down to a smaller timeframe, which happens to be a four minute, and you're going to see you're not going to believe this, folks, but it says AB equals CD. I had such a hard time describing these patterns to the folks over in Las Vegas that it just, they seem to be wanting to grasp it, but no cigar. Anyway, here's what's happened. You have a perfect ABCD and then you have a nice, strong rally back in again. Now, this means we can go all the way back up into this area, but look at, look how perfect it is. Folks, you see this diagram here, these triangles that are like this. When I did my charts for commodity perspective on Saturday and then I would get, you know, put my old charts away and my daughters would take out their little plastic scissors and they would cut these out just like this. They would cut this out and they would color this one in green and this one in blue and then they would put it on the refrigerator to remind me of what daddy's work was and what daddy did for a living and stuff like that. And speaking of that, this is a funny story. My kids are in the fourth, first grade and second grade there at West Lake Village and they have parents night. And so I go into parents night with the, with the missus and the kids are there playing around and stuff. And the principal of the school comes up and she says, Larry, she says, would you mind coming into the office? And so I go into the office and I said, what's wrong, Edith? And she said, oh, nothing's wrong. She said, we have show and tell and Jill was in for show and tell. And she said something that we really are worried about it. And I said, what's that? She said, well, she says, my daddy goes into his own room and it has a sign on it says, do not open this door under any circumstances. And she said he has nothing in there but a, but a TV, but the TV only has numbers on it. And then he takes us to school and then he goes to the racetrack and plays the horses with his friends. And I said, well, it's not quite that bad. And she said, are you a bookmaker? And I said, no, I said, I'm a broker for Drexel Burnham Lambert. And that's my Reuters machine. So that's how my kids interpreted what my lifestyle was. And it wasn't too bad actually. But anyway, I was thinking about that this morning when I was chatting with Paula. She reminded me of that story, but that's what happened. I was the bookmaker of the old area. So anyway, that's what we're watching here. Now let's take a quick look here at the footsie that's coming up also. Now the footsie is a lot different because you'll see it's in a longer term downtrend as it should be because they're in a strike over there. All the medical facilities, the hospitals and doctors and nurses, you die. You're in trouble. There's nothing you can do about it. You get really sick. They're not going to even pick you up. This is a classical three drive to a bottom. You can see drive one, drive two, drive three, plus you have another ABCD on top of it. So you have a double pattern in here. And you've already started to see the rally that's occurring here in the footsie here so far today. So those are the kinds of things that we're watching as we follow these things through the day. By the way, folks, please send some great white light to my good friend, Dr. Steve Shapiro. Mother Nature is knocking on his door, folks, and I'm afraid it's getting time. So please say some wonderful prayers for him. He's a great guy, always had my back. I've known him for 43 years and one of the finest men I've ever met. He was a schoolteacher at Drexel, Cal Poly, San Luis Obispo, UCLA and also Drexel University in Philadelphia where he graduated. Anyway, we're going to take a break here because we have Paul at T Douglas. We'll be coming up in just a minute. Tomorrow we're going to have Mike Moore of Moore Analytics. He was telling us about this coming break that we've had here in the crude oil all week long. And I know some of the folks were able to take a really good advantage of it. Those were my only two losses yesterday when I nibbled at it. Very small losses, which was okay. I did make some on a short side, but made up for the losses, but that's neither here nor there. Hey, we're going to take a break. We'll be right back. 877-927-6648. 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 at TFNN.com. Better in day trader Larry Pesavento 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 4.00 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. 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. Give it back, folks, and I believe we have Paula T. on the line. Paula, how are you doing? Good. Where are you? I can't see you. You can see me though, right? Wait a minute. I should be here just a second. Oh, you know what I did? Yeah, here I am. Hello. Everybody else can see me. I think I've got my video on. Anyway, I don't know why. Not to worry about it. We can see you. That's important. Okay. Well, it's probably on my end, so no problem. Anyway, good morning, everybody. Good morning, good morning. Because, you know, you were so instrumental in doing all the work with Mark, as I know you corrected it. Well, corrected every T dotted every I and proof read it a thousand times over. But the main thing that people seem to ask me in trading is they have a hard time shaking off a loss. Do you have anything that would help them to say, you know, just forget about it and move on to the next one? I mean, what would you tell somebody like that, PT? Well, a lot of reasons that traders have problem letting go of a loss is because they were invested in that trade being a winner. And they wanted to be right. And so when the trade didn't work out, for whatever reason, and it could just be market movement, not anything they necessarily did wrong, but they wanted it to be right. And so by the trade being a loser that goes into their mental environment that they're a loser or they did something wrong. When in reality that may not even be the case. So that's kind of the dynamic that traders have to look at. I mean, you have to ask yourself as traders, why do I feel that a losing trade means there's something wrong with me? If I followed all my rules and if I did everything correctly. Now, if you didn't follow your rules and you didn't do everything correctly, well, that's a whole different ballgame. And we can talk about that at length. Give me a call. But if you've done right, you have to understand that it's just market movement. You will have losing trades. But the main key ingredient is if you can't let go of a losing trade, that means you don't believe there's always opportunity in the market. That's the bottom line. If you truly believe there's always opportunity, which there is, then you wouldn't care. Like you just said, Larry, like just let it go. Move on to the next trade. Yeah, that's exactly right. I remember that Mark sitting there in the office here. I'll tell you, those are the most enjoyable six years I had during the 90s is when you guys moved here on August the 16th of 1996. When we had that giant storm and a tree broken in the front, my friend had the largest tree in the whole subdivision. It split in half and went into my master bathroom. And it was raining so hard, all the electricity was out because we were in the monsoon season. My house filled up with water that happened to be the same day that elbows passed away. I picked you guys at the airport and I dropped you off at your new house and I came over and I couldn't get into the garage. And so I hear this thundering lightning thing in the sea. I heard the tree crack and I saw it go right in just like a spear going into the house. And so I didn't get to go back in the house for about three and a half weeks where they redid everything. And Paula T, I'm going to change the subject here. I'm going to make you an offer that you can't refuse right out of the Godfather. My favorite movie. One of my favorites. Well, no Paula T, come on now. One of my favorite. I expect you to die. Goldfinger is our favorite. Here's what you remember in January of 1999 with crude oil setting at $11 a barrel. We had a seminar here in our subdivision because we've got this beautiful recreational center that no one ever uses. And it's just perfect for a small seminar. We had about 20 traders from the Phoenix and Scottsdale and Tucson area. If you remember Paula T, I think we think we had about 20 or 25 folks and we put on a two day live trading seminar. And it was really great. And guess what Paula T? I talked to two very, very famous traders today that really want to do that again. Rich Anderson and John Cheveny, Mr. Z. And they said, tell us, they tell us when this show up and we'll be there. So we're going to do it this fall. I don't know when, but I'm going to do it a special way on my bucket list. I've only got a couple of things that I have left on my bucket list. One is to see a big whole spread about astrology on CNBC or Bloomberg. That's one thing. And the second thing, of course, is being able to play shortstop for the Yankees. But that's still possibly valuable. But the main thing that we're going to do is we're going to have a $50,000 trading account. And we're going to trade live for two days. And what we're going to do is 50% of the profits that we make, if we make any profits, and I think we can, we're going to split that among the people that attended. It's going to be by invitation only. And of course your invitation, your invitation means you could have paid it fee. We don't know yet, but I've got everything set up. All I got to do now is pick out the place we're going to do it, pick out the dates, make sure everybody wants to show up and then we're going to do it. I've always wanted to do that. And as you know, I used to do it years ago when I was trading, students would come in and I would make a guarantee that if we didn't make money that day, they'd get their money back. And I only had that happen a couple of times over the years. We did that with Mark. I don't remember how many times, but it was a lot of work, but it was a lot of fun too. It sure was. I remember the hockey players with Jack Hughes and Calhann and Steve. I can't remember Steve. Jack Hughes too. And we were in Chicago and we traded profitably four of the five days and we had to be profitable every day. And we were the fifth day Friday. We were going to go to Rodini's for lunch like we always did. And we were about even, we were about a hundred bucks. And I had a position on in the S&P and that's when they brought out the money supply. I think it was 115 or something like that. And we got really lucky on that money supply, but we were at Rodini's when it happened. And I had an order in and I went back to the, we didn't have cell phones. I went back to the pay phone to see if we got filled in the market. We were short and the market dropped about five points, which at that time five points was $2,500. And that put us way over the limit for Friday. And I walked out of the restroom where the telephone was and Mark looked at me and he waved and he smiled. And I nodded and he knew what had happened. And later on we told the folks what had happened about it. It was really fun. Okay, one other question that we have here. If a person is continually losing every single day, I told him what to do, but what would you tell him to do? Stop trading. Good question. Yeah, I find out what you're doing. First and foremost, stop trading and reassess what is it your system? Is it your setup? Is it your platform you can't use effectively? Is your analysis good, bad and different? There's a lot of guys that lose continually because they'll look at a five minute a three minute, a 15 minute, a 30 minute, a two hour chart. You have numerous timeframe charts and that alone can bollocks everything up. So you just have to stop and ask yourself what's going on and be willing to hear the answer. Okay, Paula T, we're going to have you on again, same time in one hour. At 2.30, New York time, we're going to have you on again, okay? Okay. We'll be right back folks. Paula T, Douglas Webb, she'll be right back with us 45 minutes. Stay tuned folks, more to come. 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 in 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 looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. 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 LABU or LABD, Directions Daily S&P Biotech three times bull and bear ETFs. Visit DirectionInvestments.com. biotech today. An investor should consider the investment objectives, risks, charges and expenses of the Direction Chairs carefully before investing. The prospectus and summary prospectus contain this and other information about Direction Chairs. To obtain a prospectus or summary prospectus please contact Direction Chairs at 866-476-7523. The prospectus or 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, Foreside 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, we're going to cover a couple other charts that I think that we need to cover. First of all we're going to take a look at this gold market and I wanted to show you what happened yesterday because it was a classic short-term trading phenomenon that was following it very closely. There was the number that we were looking for of course right at the Fed time. That was that number at 2045 and we went all the way down. We dropped $17 down to this level which is one half of the harmonic number. And then once we went above, the fact is I was looking at this small ABCD here. I booked about 13 bucks or so. And then on the way back I sold it here to 382 and we kept bouncing around. And then later on I decided to keep my stop right above here and I did. And then I had to leave. And of course that was after the Fed chairman had been speaking. So it was after the show finished at 2 o'clock. And son of a gun, actually that was at the 3 o'clock show. And you can see that this thing just exploded to the upside. It went all the way up and hit 2044 right on the close. And then right after the close the market opened at 2081. It jumped another $26 an ounce to get up to 2081. And then from 2081 it went all the way down to 2028 last night which was a 61% retracement of that previous move. And now we've got all the way back to 2060. We're trading at 2050 right now. So it's going to be very interesting. The interesting part is that the silver which should have been, you know, running along with the gold really hasn't done that. So a lot of things are happening. And I really truly believe that it's based on what is going on right now as we speak in this chart right here which is the chart of the Euro versus the US dollar. And that's why it's so very, very important. Because this is where the money flows. If we get above this level right here folks, it is flat out bullish. Now right now we've hit it three times in the last three days almost to the exact tick. And each time we've dropped about 80 pips off that. That's what's happened so far in that. I haven't checked it in the last 30 minutes or so. But let's see it's still moving down a little bit. Let's see where we are. Yeah, we're making a 382 retracement is all that it's doing right now. That's all that it's happening. So I hope that that gives you an idea of what we're paying very, very close attention to. The other one that we've watched of course is we hit a very high number. Well, not a high number, but let me show you relationships now that help on a longer term timeframe because someone asked me to do this in the wheat market and so I'm going to. And I wanted to bring this up to show you just one second here and we'll get it up here. See now wheat has been bearish that's for sure. You could see we had a big ABCD. Let's get the chart up Larry so everybody can see it and you're not just talking to yourself. And we'll get up here to take a look at it. And it is right here who I've got it figured out now. Shut the front door. I'm going to be dangerous so pay attention. Here is the wheat chart. This is a daily you'll see the big ABCD down here that we were looking at. And there's where we got her right here and we had this move up. Now today we hit a 382 retracement of the high that was right back here. That was up 53 cents from the bottom $2,500. Look at this move right here folks from this low to this high. How much do you think that was? 50 cents. So what do you think that the harmonic number is in wheat? It's 25 cents and 50 cents. So we should start to back off. We want to be watching that for a back off now because this could be a major bottom especially coming in here in May. This is a time when the seasonal bottoms usually occur in beans corn and wheat. And let's pay attention to that because we want to be a buyer of the wheat. If you're not, if you're still long, that's great. If not, we're waiting for a little pullback so that we'll be able to see if we can get a pullback here in the wheat. Same thing in the corn and in the beans. We're looking at the same type, the same type of pattern that we've been following for quite some time. I need to bring this up one more time. This is that I've had three requests on it and then we'll do natural gas here also. But here is the chart about that seasonal that was done by Carson Research. I don't know who they are, but it was sent to me by Rich Anderson and I respect everything that he does. But you'll notice here, this is the last 11 years, 10 of the last 11 years, sell in May and go away has not worked because if you sold in May, the tops weren't coming in until October and October is the most negative month of the trading year. So just pay attention folks. First of all, if you've only got 11 samples, that's not a good sign folks. That is not a good sign. You want something that makes it a little bit better and that's why you want to be looking at that. So let's keep that in mind as we look at some of these things here this morning. And the next one requested was the Dow Jones transportation and had these. This is two days late, but it really didn't go anywhere. The Dow Jones transportation didn't go anywhere. That's the main thing. And the other one that I think is so very, very important and that is the fact that you've got this banking into folks. You do not have to be a rocket scientist. You don't have to go to MIT. You don't have to go to Indiana State or Indiana University, Northwestern Purdue. It doesn't make any difference. Look at this. Something is wrong in the regional banking index for God's sake. You want to pick a bottom down here? Be my guest. But something's wrong. You've got 50 of them and all of them are down today. So maybe this is the bottom of all bottoms and I will say solitude, namatasi, whatever it's going to be. But I'm not interested in anything down here where this thing is falling like a rock. It just doesn't look that good. Something is not right. And that's why I bring this to your attention. I hope that you pay attention to it. It's not how much money you make, folks. It's how much money you don't lose. And look at some of these people that held this stuff as it was falling out of bed with these gaps and all these stuff. And there's, I think there's 50 of them in that index, that KRE index that Jim Barnley only alerted us to. So I think it's an important thing to remember as we're looking at these things here today. We will be able to understand how some of them are moving as we continue looking at what we're doing here. We got just a short period of time, but we've got a whole minute. And let's get the old natural gas up here and see if we've ever gotten any. Hold on one second here. This will be fun. If we've ever gotten any of our support. I haven't looked at it because I'm following social and social media. I haven't looked at it because I'm following so many things that it makes a little bit difficult to see. Oh, we're getting close. We're getting close. Pay attention, Steve. Over and used to Austin. Let's take a look here. There is, we got it ready to go because we are now, oh, we're really getting close now. Let me get this put into the file and then we're going to get it up and we'll be talking about this. When we get back from the break, I'm full of it. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options Report today with a 30-day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, go to www.tfnn.com. TFNN Educating Investors. 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. 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To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at www.tfnn.com. When you subscribe, you'll get a weekly report that 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. That's all for today. www.tfnn.com. Educating investors. TfNN has launched the Tiger's Den 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. The Tiger's Den available to all tigers and tigers for just $1 for the year. There's no catch or added costs to become a part of this educational community of traders. Just visit the front page of TfNN.com. Don't forget, you can listen to TfNN live on your mobile device 24 hours per day. Go to TfNN.com and hit watch Tiger TV. That's TfNN.com and hit watch Tiger TV. This is for our good friend Steve down in Austin, Texas. Steve, get ready to take a look at the 78% level. The good part about this, Steve, is it's coming down very, very quietly. What we'll do tomorrow is we will evaluate it early in the morning and probably send a chart out to see if there's any corresponding ABCD patterns that line up with the Fib points and that's what we want to be looking for. Because then you have multiple confirmations and just a simple pullback at 78% and that's the key to what we're watching here on some of these markets today. So we'll be watching natural gas very, very closely tomorrow, folks. Remember, we just had a trade-off. We had a trade-off. We had a trade-off. We had a trade-off. We had a trade-off. We had a trade-off. We had a trade-off. We had a trade-off. We had a trade-off. So we'll be seeing a tremendous break, almost $20 a barrel over the last several weeks here in the crude oil. This is in the face of the Saudis dropping their production now. If they're dropping production, can't sell what they have. Something's not right. Either the charts are wrong, the Saudis are wrong, or the oil is wrong, or the electric cars are wrong, I don't understand electric cars. to a house and fill it up for 45 minutes. Don't understand it. And the second thing is I don't trust a car that you can't hear. That just never made any sense to me, but that's someone who likes to hear the room when you take off in a car. So let's take a break in a few minutes here and be sure that you do something nice for your neighbors and live every day in an attitude of gratitude and may God bless and stay tuned for one hour of information on the market.