 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. We'll start out here with the German Dax like we usually do. By the way, folks, we're going to have Jan Jamison on several times a week now for a while, putting him to work, and he's going to talk to us about 5G technology, Bitcoin, and some other things, but I have to get on my soapbox, folks. I heard on the news that the country and western group that I really like, Confederate Railroad, they canceled their venue, their presentation because of the name. I can't believe that. And then also there's a city, and I think it's Seattle, that they're complaining about the names of manhole covers. Well, when you look at a manhole cover, it doesn't say manhole, it says property of AT&T. Do not pick it up. It's very heavy, that kind of stuff. I don't know, we'll get to... I don't know what's happening. I spent a lot of time down in Vicksburg, Mississippi in the late 90s, late 80s, and early 90s with Jay Cross, and that is really amazing. Folks, Vicksburg sits on a big hill, and there was a... The battle of Vicksburg was fought, and the people at Vicksburg would be on the top of this hill watching the fighting between the red and the red, between the gray and the blue. It's really tremendous. And when they tear down these statues of people from these things, I mean, this is our history. I guess I'm just an old man. I'd better shut up and talk about the one thing I do know, and I'm not even sure I know much about that. And that's some of these charts. You can see the Dax is in a downtrend. Here's another one here that is in a downtrend. That is the footsie. And, of course, there's problems over in the U.K. now because of Iranians taking one of their tankers or something like that. There's always something going on. There's big trouble in Hong Kong, too, folks. My goodness, they're actually causing damage and physical harm to people. And let me tell you, folks, that China, they're not going to put up with that. They're awfully nice to let them do what they want to do on their own with capitalism, but if it gets any worse, I predict that they're going to put the hammer on them, but, you know, we'll have to wait and see. So one other thing I wanted to mention, at the University of Arizona here, I am a guest lecturer at the Stuart Udall School of Business. And we had a barbecue getting ready for the coming season. And I only speak two hours a whole semester or so, and it's fun. Anyway, I have to listen to these young people that have PhDs and all my guys, folks. I thought I was living in a different country yesterday. I mean, I'm in cowboy country, folks. I mean, this is as close to Redneck as you can get other than being in either Arkansas, Tennessee, Kentucky, or, you know, I just couldn't believe it. I mean, my goodness, they did. Well, stop the music, Larry, move on to something else. We've got to do something else for today. Let's take a look here at what we think is happening in one of these markets that is very, very important, folks. Here is the gold market. This is a long-term weekly chart. Now, I'm going to run through these quickly because you see there's a big ABCD pattern. There's two of them coming in together at $14.55. That's where the market went to $14.55 or something. Folks, we dropped exactly $34 in the first correction. That took one day. We went from $55 down to $21, and so far our bounce back has only been up to about $29, so it's still a sort of a bearish. But there's a lot of numbers happening in the metals, folks. Let's take a look at the silver market. Now, this is a long-term chart on silver. It's a weekly chart. But you'll notice that the high that it made on last Friday was exactly 61% from the high in 2017 to the exact tick. If you did the ABCD structure, you'll see that was almost perfect, and not only that, but the open interest in the silver dropped to the last two days of the week when it was screaming up. That is not good bullish action. So just keep that one in mind. The next one we want to take a look at here is the XAU. This is the Gold Silver Index. And if you look at this, this is also a weekly chart. You'll see that the 61% retracement hit exactly on Friday, and it was a 61% retracement of the high in 2016. Once we get above that, it's clear sailing. But I believe, since we've been up like eight weeks in a row without a serious correction, we're most probably going to get a correction of some kind that tell us that, yes, this is a possibility that we're going to be looking at that. Now, the last one I would like to mention, of course, is the platinum, because that is the one that is... It's been the weaker of the group. It was the strongest, and now it's the weakest. Here again, we went up to that 18... excuse me, 865, and we hit that spot on, and we backed off a little bit. Anytime we take out those highs of last Friday, you have to be bullish gold and silver, because it's going to destroy those numbers. And, boy, when they're spot on like that, you really have to respect them, either on the upside or the downside. So I think something that's that important for you to deserve your attention, but the open interest is not looking good in silver. It really isn't, folks, so... unless some buyers start to come in here to put this thing up, we could look at something possibly to the downside. We've had a request to take a look at the Bitcoin. We've been watching this quite regularly, even though we don't trade it just from a technical standpoint. You can see the ABCD pattern down there at 9,200. We got up to about 11,000 again. Right now, it's still acting pretty good. We had a three-drive pattern there. If you look at it really closely, between the 11th and the 18th, there's a really nice three-drive pattern there that told us it was right near that same price of 9,200. It went to 9,000, so very, very close. But right now, it doesn't. Now, the one thing... John Jameson will be our guest, as I mentioned, and he'll talk to us about blockchain technology, and he really understands it. He writes for one of the largest sites, Altcoin Sidekick. He writes the articles for that kind of stuff, and he really understands it. Maybe I'll even... by osmosis, I might be able to understand some of this stuff. The Euro is still holding its own, folks. It's trying to keep above this 112 level, which is very, very important. You know, this morning, we're trading at 112.18. Last week, we got as high as 112.85, and then backed up. So that's another key thing to look at. Very, very important in the Euro. Another one that really needs our attention this week is the crude oil, because the crude oil is setting at roughly $56. We've been as low as $54.80, bounced a dollar and sum of barrel, which is nothing in the midst of basically an almost war attack on the U.K. by Iran, taking over one of their ships on the high seas. That's an act of war, folks. I don't know why they're still talking, because that's not that kind of stuff. The other one that really is important is the stock market, folks, because we had a pretty good break. We had a little bit of a bounce around this morning at the bank, but the transportation index is signaling there's something wrong, and I'll go into that when we come back from our break. We'll hope to have Kevin Murphy from Irmournometry Specialty at our break, 877-927-6648. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS 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. Heated by Steve Dahl, TAS 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 Dahl and Tom O'Brien just hosted, the best way to use the TAS 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 TAS 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, call 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. All of our new listeners have heard about the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable, moderated atmosphere. Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger's 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 Tiger's Den are 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, folks, we're back and I posted a chart of the VIX index going back over the last 10 years. You can see the last five years we've had virtually no volatility. We had that one in January of 18 where it was the biggest day ever and, of course, that was the bottom of the market and it reversed and been going up ever since, but my opinion has been from a long time is anytime you get that VIX down to 10, just buy it. I've been saying that for quite some time. We're trading around 14 or something right now, but I believe we're going to start to see volatility increase. No one thinks that can happen with zero interest rates, but I'm not sure about zero interest rate. That jury's still out, but just pay attention to this VIX index because it is quite, that's why it's volatile because it's the VIX index, but I don't trade it very often, but I try to keep a position in it just to try to get it moving. Here's one of the things I wanted to talk about a little bit about this transportation index. This was from, just one second, get this up here so we can talk about it. This is from CAS Information Systems. This is the freight index and as you can see the year over year percentage of the freight has been dropping since 2000, January of 2018. That means shipments are going down so they're not moving as much product. That doesn't mean the stock market can't go up because that's predicting something possibly in the future. That's one thing to look at. Another chart that was very interesting, I got this from Modell and Economics that I usually check their charts. This is the one from Lance Roberts and it's basically showing the economic prosperity over the last 45 years and you can see here since 2008 we've actually been drifting down. We haven't really had too much. That's with $33 trillion in bailouts and that's all we got. Now the stock market, now that's had one heck of a run. We've gone from $6,400 into Dow Jones all the way up to $27,400 in change so that's had one heck of a move but the rest of the economy parts of it anyway have not responded too much so that's a main thing to look at. One of the questions that someone posed during the break was about the crude oil. Folks, the fact that crude oil can only rally a dollar, a dollar, something, a barrel in the midst of an Iranian, or what they call, I guess there's little small ships, whatever they are, going after that big UK oil tanker, that's usually not the way it goes. Usually you get two or three, four dollars rallies in crude oil so that's not a bullish response. Another one that's happening is last night, early in the evening around three o'clock in the afternoon here at Tucson Time, I got a call from Rich Anderson and he was saying that his sources for weather and stuff have predicted a sharply higher open in all of the grains because of the hot weather that had happened and low and behold, when the grains opened, they opened sharply but not higher, they opened lower. So here again, you've got the news is looking really bullish and yet the market's not responding to it. That's why I always say trade what you see, not what you hear or believe. So that's, as a technician, that's what you have to do because unless you're reading every bit of fundamental information, you really don't know what's going on. Even when you read it, you don't know if it's going on or not. So that's the main thing. Folks, after that barbecue yesterday, I actually about halfway through, I just started laughing because it was so ridiculous. In fact, they were talking about negative interest rates and bonds and stuff. There must have been IQ-wise, there must have been, oh my gosh, a lot of really smart people there. All they said the government has to do is just print more money. That's all they really have to do. It doesn't make any difference. That might be true, but we'll see. Anyway, we'll see. Well, it's just hamburgers and hot dogs, a little get-together. It was a school of economics and a school of education. There was about, oh, 50 people there. It used to be really a lot of fun to have it at Peggy Hitchcock's house. That's Peggy Mellon. She's from the Mellon Bank. She was one of the big benefactors of the University of Arizona and happened to befriend me when I first moved here. We would have it out at her mansion. And it was always, but she passed away a long time ago. So they just have it at one of the other professors' houses near the university where the old mansions are in Arizona. The school started in 1865. It was when Tucson started in 1865. But the biggest city in Arizona in 1865, folks, was Tombstone because that's where all the mines and stuff were. With Wyatt Earp and Bat Masterson and the Clintons. Okay, let's move on to the currencies, folks. The Euro. We mentioned the importance of this 112 level in the Euro. Folks, this is really important. Look at this chart here on the Euro. You know, I'm a chartist, so take a look at it here. You can see here we're hugging this 112. We're trading at 112.18 right now. But if we break below this 112 level, it's going to set up another 100 pips lower down to 111. And that is going to be a key to key. Because look, you've got an ABCD pattern there. You've got a double bottom that was at 111.10 way back on the 24th of March, May. So that's going to be a really key one to look at. Now we're 120 pips away, but watch that. Make sure you have your limit binders on. Because if it goes crashing through there, I mean, you know, these things can totally collapse. Then it means it's going to go down a great deal more. But that would be the spot where it's going to have really strong support. So that's my two cents worth. So I'm watching it. It's there. The little red boxes there in the middle there in January and March. That's a 1.618 expansion, a 1.27 expansion, a double bottom, an ABCD. Those are all the things that you like to see when you're looking at patterns. And you don't know what's going to happen, but at least you have a pretty good idea that this is where the wagons have been circled. Oh, I don't mean wagons about Indians. I don't mean that. I mean water wagons when the firemen are fighting a fire. I don't have anything to do with circling wagons about the Old West and stuff like that. I know that's something that hurt everybody's feelings here in the room. And I certainly don't want to do that. That's not a good thing to do. Being from southern Indiana, folks, I was never exposed to a whole lot outside of Indiana for my first 21 years. So as I traveled around the world now and see what's going on, folks, when I see what's happening in Hong Kong, I mean, it literally breaks my heart. I mean, Sarah and I are there a lot. And when I see this stuff is right out in front of where we hang out and stuff, it's really scary and they're fighting. And the people over there, that's the one thing they usually don't do, is they don't do it. They argue once in a while, of course, but the fighting, you just don't see that. You don't see any graffiti on the trains or buses or anything like that. And it's very clean. This is totally different. So things are changing. I don't know if they're for the good or not. Gee, you got me on the soapbox today. God bless Kevin Murphy. He'll surrender and give us a rescue mission from the old cowboy today. Tomorrow we're going to have Stan Harley on with a little bit of luck. He's going to be calling me back this morning to give me a verification. Wednesday we're going to have Rich Anderson. Thursday we're going to have Tim Bost, I believe. And Friday I'm going to try to get John Jameson to give you guys a little heads up on Bitcoin blockchains and G5. Larry Pezzimento 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, 6 videos and a full report to his subscribers in just one week. If you're a technical trader that uses patterns and retracements to trade then Larry's service Fibonacci 24-7 is something that you must try. Right now, new subscribers can get a full 30-day money back guarantee. With nothing to risk, sign up now to Larry Pezzimento's Fibonacci 24-7 by visiting the front page of TFNN.com under Trading Newsletters. The path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now's a perfect time for a 30-day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30-day free trial to David's daily newsletter the path of least resistance with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning then visit the front page of TFNN and you'll find the path of least resistance under Trading Newsletters. For all the details and to start your 30-day free trial today log on to TFNN.com now. TFNN is excited about our new software charting program The Art of Timing the Trade Charts. In collaboration with Tom O'Brien and using his best-selling book The Art of Timing the Trade Your Ultimate Trading Mastery System David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs, ABCs, butterflies and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting tfnn.com This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com Okay, we're back folks and hopefully we have Kevin Murphy out of Nashville, Tennessee on the line. Kevin, are you there? Yes, I'm here. Can you hear me? Ah, you're coming in perfectly just like you're sitting right next to me. Kevin, before we start, I would like to just review to the folks here what I remember about Bill Erman. I met him, oh gosh, I must have been more than 10 years. Yeah, 10, 12 years. It's more than 10 years. And I corresponded with him every day. He went into a pseudonym of John Balsam. Evidently, he didn't want the people to know that he was Bill Erman so I chatted with him and his wife was still alive at the time and I was really interested in his work because of the relation to geometry and Fibonacci and sacred geometry and all of that stuff and I introduced him to one of my very dear friends and trading buddies over in the UK and he corresponded with him and when John's wife got sick he was running into some medical problems and my friend cut him a check for $25,000. No questions asked and it was really a big help to him and stuff but he put, folks I'm telling you this just to give you a review of what Bill was all about but he started to write a book and he sold the book before he finished it and that upset some people and I think it had some really great information and you're carrying the torch which I think is really great but you mentioned last week when we had you on for that short period of time that you were going to go into the money management part and Kevin, that is where you should be my friend because the rest of it, the education part you might get a little bit out of it but you'll never get very much your money will come from making money for people based on what you're seeing so I urge you to move in that direction because education even though it's important doesn't pay the bills very much so make sure you focus on that so that's my two cents for that. Well thanks for that I've been in that business before I mean I've been a portfolio manager so okay go ahead I'm sorry go ahead. That's basically really what I wanted to tell the folks but I worked with him daily for just all the time and you know some of his calls were great and then he talked about this balance point that I was very important to me that balance point was very important because he was saying that his forecast was saying that what he was looking for was wrong and it was most probably going to go up into the next cycle and almost every time it actually did that so you know that's what I thought was so really great about it so I think it's important that we keep who in the heck is calling me must be one of the Federal Reserve members Kevin I posted the first chart here yeah they call me all the time for advice you know anyway along with the Queen of England if you'll take a look at that first chart which is the reverse point wave the ABCD expanding triangle can you tell me I had more questions about that okay you're going into you're in chart 3 okay I didn't yes chart 3 and then what we'll do is go ahead go ahead I'm just going to call this a megaphone pattern because it just looks like an expanding megaphone Elliott waivers call it an expanding triangle yeah ABCDE each wave gets progressively longer and there are clear three step patterns in Elliott waves so basically the work I've been doing says we just finished point D D is in dog last week and we're starting now in the wave E sequence which is unfolding about another 12 months from now to a low sometime next summer in the 2020 and then from there you start another sequence bull market to come so basically the work and the previous chart chart 2 also corroborates that with the longer term balance point saying last week was a high of significance in the Dow and S&P and basically now we're rolling over and starting a new wave E down which should last a number of months and have a I guess the large rally you see in the middle there sometime during the middle of that point and my guess is that's going to come into the into the winter of 2019 some time in December to see another high followed by another sequence down into the summer 2020 so that's kind of what that chart says in terms of timing but it's it's called a megaphone pattern as you see okay one of the questions that we're getting from the Tiger Den here is do you remember any of the books that Bill Ehrman referred to or that he read quite often do you remember any of the books that are a material that he used to source material I don't remember once he spoke of I do have I do have one here he says he left me all his work basically one of the divine proportion by H.E. Huntley H-U-N-T-M-E-Y it's like 30 years old and it was a book that he had that I hadn't seen before that I've got and he may have gotten some of his geometry from that book by looking at it but other than that no I don't know of any that he referred to okay I had that same problem when I was working with William Barrett's widow for torque analysis guy and all of she donated all the books to the university of Hawaii and they were all stolen because he had some really rare books there about that type of information but that's that's neither here nor there okay let's what would you like would you like to go to chart five now and talk about that we can go to chart five and I don't I presume I guess your listeners are familiar with charts one two because we spoke about them last week so we can go back to them if necessary but let's go to chart five which I sent you I think over the weekend yes which is very interesting because it has something to do with balance points in the high that we just I believe we saw last week if you look at this chart it's basically showing the Dow back to the mid 1990s and the peak in 2000 along with the S&P those peaks were 48 days apart and basically this has a lot to do with balance points because in the low of 2002 and 2003 there those two lows comprised the balance point and then the highs in 2007 those highs were separated by 14 days that also comprised the balance point and the same thing happened at the bottom in 2009 those lows were separated by 70 days and when I say days I mean market trading days I don't mean calendar days I mean market trading days that's how Bill did everything by a market trading day count so what this shows is that from the Dow high back in the year 2000 at the peak of the internet bubble to the lows back in 2002 and three was a total of 738 market trading days from that high to that balance point low then if you take that number and multiply it by three it takes you from the S&P high that year in 2000 to the lows in 2008 and 2009 that exact balance point between the November low in 2008 and the March low in 2009 so those two moves were related by three to one or one to three using the balance point concept and this is a good example of how balance points work because a lot of times you'll get an initial move like it did from the 2000 high in the Dow but the subsequent projection will come from the other side of the balance point which in that case was the S&P high in 2000 so that's how balance points work you get projections from one and initial projections from one side and you get the following projection from the other side so that's the way the market plays and play tricks on you yeah we're going to take a commercial we'll have you right back Kevin Murphy study your we will be right back folks if you're in the CD market and looking for a secure investment the Tiger First mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida the tax act of 2018 set up tax-free zones across the country where you can build and hold for ten years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal four-year CD rate of 3.1% would give you income of 1550 per year or 6,200 over the four-year period that same $50,000 investment in the Tiger First mortgage program would give you 3,500 per year or 14,000 over the four years what should you prefer? 6,200 or 14,000 of interest on your investment. If you'd like more information about the Tiger First mortgage program you can call me at 877-518-9190 that's 877-518-9190 it's amazing to think that Tom O'Brien 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'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, 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 8 active positions with an average unrealized profit of almost 8% 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 U.S. large cap stocks in either direction trade SPXL, SPUU, or SPXS Directions Daily S&P 500 Bull & 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. We're talking with Kevin Murphy out of Nashville, Tennessee a study of Erminometry. Kevin, we have a question. Is there an actual definition of a balance point that Bill worked off of? Well, it's typically I don't know if there's a definition but basically two different market indices need to make a high or a low around the same time. And I say around the same time in you know in parentheses because historically that's what it's been you've seen some balance points which can be I guess a couple years away like the ones that occurred in 1966 and 68 but typically they're very close in time like the ones that have in chart 5 like the Dow and S&P back in 2000 were 48 days apart the ones in 2002 and three were 104 days apart and the ones in 07 were 14 days apart so typically you just have one index like the Dow or S&P making a high on one day and then the other index if it's a Dow one time it'll be the S&P the next time making a high or a low on another particular day in the same time frame that's the difference where it can get more complicated is when you introduce another index like the NASDAQ but that can also be very useful then you have three indices which peak at different times or bottom at different times and those can develop more complex balance points but they are more valuable so again the definition is simply different indices peaking or bottoming at a different time you know typically in the same move when you're making a major high or low how about on December like on December on December 26th everything bottomed at the same time is that more powerful not necessarily more powerful but that's where you would not have a balance point when they all peak or bottom at the same time it's not necessarily more powerful the balance point simply means projections are going to be made from different points into the future it's a essentially complicated situation because you have highs and lows at different points so basically the market is telling you that at some time in the future projections are going to be made from those different points in time is basically what it's telling you and the hold the low we had in December they all came from the same point in time so that's a obviously simpler easier calculation so it definitely complicates or makes the situation more complex when you have multiple balance points but it also serves to clear up some of the some of what's going on like it does in chart 5 because in chart 5 now we have the balance point in 2007 at the 2007 highs if you take 738 and you multiply it by 4 you reach the high we had on the Dow on July 16 last week so that is the point of this chart is that the sequence of balance points basically projected the next high or the high on July 16 which in my opinion should be significant that makes really good sense but I hope you got the gist of the conversation that's good well the charts are very very helpful now if the folks want to take a look at some of the stuff that you have what is the best way for them to contact you they can email me at kwmurphy at bellsouth.net I think those are on these charts and I can send them these charts and any other ones I see of significance as well as any other you know I can send them some of the work that Bill Ehrman did that he left me which I have sent to most of his subscribers to my knowledge and send that information as well if they want to review it for themselves okay one other question next time you see something that you really would like to talk about please get in touch with me so we could have you on again the folks really they really enjoyed this so we're glad you were able to come back today we had more time but when you do have something please give me a jingle and we'll have you on because it's very esoteric it's the kind of stuff that I like to see and believe in a lot so please don't lose my number okay I would like to leave you with just one other thing the important chart in this entire sequence is chart number two because I don't know if you still have that or are able to show that to your subscribers we will pull it up yes we will pull it up so why is that one so important Kevin because what this chart shows you is that when you look at the longer term balance points because typically Bill only worked with data from like 2000 excuse me 1907 to the present but I was able to go back further and look at these longer term balance points and see that the market is actually related in much longer time spans using this concept of the balance point so the point I'm trying to make is I don't think Bill was aware necessarily of the significance of these long term balance points because they appear to play into the long term structure of the market so we have a high here like in 2019 there should be another one in 2023 and that ties into lows that were made back into in the late 1800s so that's on a very long term basis these things appear to be much more significant than he may have thought originally well that's really great I want to make in chart 2 if that makes any sense it certainly does well I want to thank you for joining us and please when you see something that you'd like to chat with us please give me a call we'll have you on again you certainly are carrying the torch and I really think you're going to do great no matter what direction you want to go but I certainly hope that you'll go in that direction of well you've already decided so anything I can do to help you my friend please let me know okay okay thanks Larry thanks for having me on my pleasure Kevin Murphy out of Nashville Tennessee who worked with Bill Ehrman for many years and I hope you enjoyed that type of presentation it's a little esoteric but it's all based on sacred geometry the numbers of the Fibonacci sequence and timing and price no astrology there's no astrology in there at all it's all related to things that are just related to those particular areas of sacred science okay now we have in a really strong market today with the NASDAQ leading the road up about 60 Dow Jones is up about 50 S&Ps up about 10 so we're having a pretty good snapback rally there should be some pretty strong resistance up around that 29 295 that's about eight handles from where we are right now and we're running into the 50% retracement in the NASDAQ as we speak so that's another one that will be interesting but we could easily have made a bottom there possibly on Friday and maybe we're going to go higher these markets surprise everyone but that big expanding triangle that we're looking at is very very important folks there's no question about it that you need to respect it because it does have a lot of things happening now the New York Stock Exchange Index is lagging a little bit today so maybe take a look at it Basil asked a question of what would negate his out if we make a new high Basil that would definitely negate that particular pattern that he's looked at because it's backed off enough to verify that that high of July 13th 16th was very important because we backed off at least 300 points so that's the way he looks at that we backed off 40 handles in the S&P a little more than 40 handles so that's what we're watching so that's the main thing that we're looking at it's a little esoteric but it's certainly exciting I worked with Bill Ehrman for a long time and I really I never could quite understand some of it what I do is quite simple I look at just ABCD and expansion contraction so 877 9276648 I'm certain you are or strive to be one of the best of the best that they 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&P 500 for the last 12, 6 and 3 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 at what I do sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too sign up today if you haven't checked out the newsletters page of TFNN.com what are you waiting for? all of the TFNN newsletters are informative up to date, affordable and it must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days all aspects of the markets including stocks bonds commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns Basil's market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com This segment is brought to you by Think or Swim For more information just click the Think or Swim banner on the front page of TFNN.com Okay we're back folks and we're going to take a look here at the US dollar index because that's you know inverse relationship to the dollar and as you can see here it would not take very much movement here to break it out to the upside right now you know it's sitting at this area right near ninety seven hundred above ninety seven fifty would certainly well ninety seven twenty five would be a breakout but this is a very bullish chart long term you notice in September January, March and June we've all had higher bottoms that's very very powerful all with that last ABCD completing down there at ninety five fifty so whether this will be related to the tariffs or any of this other stuff folks I'm not really sure but that's neither here nor there so we'll you know keep an eye on it to see whether that's going to be the that's going to be the case or not so that's one of the things that we're watching here today as we're watching this dollar index the stocks are starting to strengthen up we got the NASDAQ up about seventy now twelve points in the S&P watch the twelve to twenty nine ninety five folks that's the key level in that S&P if we get above that we could have one heck of a strong trending day which we've already started today but that could easily switch at any time this is a what I believe is a short covering rally for what we saw on Friday but it's still a little bit early I believe Treasury bonds are still quite bearish we're trading it around one fifty five oh four a lot of resistance at one fifty six in those September Treasury bonds so that's another one that you want to sort of watch so that's a one to keep on your on your watch list because the Treasury bonds should be able to look at that yes we've had a Mr. Zeese talking about Holy Moly the NASDAQ has moved eighty points since the opening and it's mainly is Microsoft, Apple, Facebook and Intel Intel's not so much because it's cap weighted and it's not not too much but Facebook, Apple and Microsoft really give it a boost that's what you're seeing as you see these indices go a whole lot higher where they end up today might be a little bit different for different things so that's needed here to take a look at the chart of Microsoft folks it doesn't look that good on the long term