 is a presentation of TFNN trade what you see with Larry Pezzavento toll free at 1-877-927-6648 or internationally at 727-873-7618 now Larry Pezzavento okay looking good Billy Ray feeling good Lewis we're going to start out the day today looking at Apple you can see here that we completed the big ABCD pattern up there at new highs at that 152 level almost so it came down hard and we rallied back up we've been going sideways as you can see we're a little bit up today well actually yeah we're not unchanged right now in that so that's the main thing I wanted to take a moment I got two stories to tell you one dates way back to the year of 2018 I want to get the chart up here we were in London doing a three-day gig with Tom O'Brien Tom Hougard and and also David Paul the three of us and this was a Sunday the the 13th of September and one of the one of the participants from Denmark happened to be a relatively new trader and he was short crude oil on his system that he had and it gapped up a $7 against him it was up $9 Sunday night and he they his his brokerage firm did not take overnight orders for Sunday so he had to wait until the regular opening on Monday in order to do that he since corrected that but he came up to me he says what should I do and we sat there as a class and we looked at it and said well you're setting it up you know perfect 1.27 if you looked at the long-term chart on this which I don't have today is the weekly chart was sitting right there at the 78% level at 77.72 and it was really in a quite amazing I see just put your stop at 77 you know or 78 and I said if it gets there you're probably gonna have to take a loss but I think you got a chance well it was when the drones were hit in Saudi Arabia and oil jumped up and of course Sunday night and then it started rolling over while everybody was asleep and by the time they got in the market started to go down and it broke well he came up to me he says I have to learn what you're doing I want to be your student and I said okay let's give it a shot and he's been doing it now for 18 months and he checked in with me today and he said he's thanking me for what he's done and I asked him I said how are you doing he said well I'm not doing as well as I want to be but I'm learning a little bit each day I said well how much you're up on the year and he said I'm up 40% I said you're up 40% in the first seven months I said that's gonna put you in the superstar status folks because you're gonna be at 80% by the end of the year and not many people can keep that up and he said well I'm only doing what I'm supposed to be doing I said that's what you should be doing he says what's the next step I said continue with rule number one if rule number works don't break it with rule number two and I said just keep doing it and he said well I still make mistakes I said welcome to the clubs mistakes is trading that's all what it's all about but he's got the right mindset he's taking his losses as he should he's taking his profits as he should and he's proceeding the way he should be doing so you're never gonna be perfect in this business folks if you want perfection you know Mary Mary a Mary a lady robot because that's the only way you're gonna get what I'm afraid so anyway let's let's keep in mind that you know trading is all about the legal applications of this legal and the mental boys and girls I have a allergy and they have got me on some medication and that's why my my I'm not on any drugs or anything of significance but it does dull my senses a little bit I am missing a few words but it is a mental game and you want to be able to I just got hit with a the Palo Verde trees that usually don't bloom in late summer but we had so much rain they're blooming again and boy they would they hit me pretty hard yesterday I was not even able to to hardly talk because I had such a bad sore throat and sinus trouble but I'm 100% well 38% better today as we're looking at okay one other thing we got it I got a phone call let's try it again learn I got an email from one of our customers for tf&n I don't know if he's a subscriber he listens to our show big Elliott Way fan and he said that you know I'm really off base and I really don't understand Elliott Way very much I said I'm sure of that not a problem and he said there's no ABCDs in the Elliott Wave system so all I did was I waited for the very next ad coming in from Elliott Wave and I copied it and set it up here this is a linear extrapolation in an Elliott Wave world and you can see these little little wiggles and stuff that are in there like that well those little wiggles folks now take just take your humor the old cowboy here for a minute see if you can look at it really really close and find out if you can find any of these little things that Mr. Mandelbrot called the ABCD and they're all over that place and that's all it is my interpretation is ABCD I'm not not worried about the wave count that's really not what I what I want to be looking at I just want to be able to see this this is very good David White's got a quote here 90% of trading is technical the other 90% is mental that's a good one from from Yogi Mbara as I recall very good okay anyway that that's really what it's all about it's breaking it down now to last night we were watching something getting ready for the you know the Fed to come up and we had this pattern that we that we saw coming in and we sent this out long before it happened but we had this beautiful 135 patterns staying at the 78% level of the previous high and the 25th suggesting that we were going to go down and possibly get down to that 20 23 30 level so that's what was going on now right before you know the right before the Fed comes in which you know we always know that they're always on time doing the stuff that they're doing if you'll take a look at see what happened to silver at that time you'll be able to see it went right down to the exact spot within one cent and believe me folks when you're frustrated is when you give it a two cent a hundred dollar variance and it doesn't get filled and it took off like a rabbit so that's neither here to there so that's that's why I'm watching these things so very very close to the same thing was happening with gold early in the evening let me get this one up here to to show you where the gold is oh Larry please get the gold here's the golden right here I believe yes I think this is the golden right here let's get it up here now this is what we were watching here and you'll see here what we were watching is for possibility here to go to back off to 1777 and only got down to 1780 and now we've rallied up and now we should be completing gold up here around 1819 should be a very very significant reaction area from that level the last I saw you can see here was 1816 so that's why I'm watching these because the Fed is running the reason why I'm bringing the Fed stuff up is because when they get in there things are things are really crazy and you don't want to do that the real tip off for my perspective that I alerted the folks to today in the 24 7 stuff was to watch the Euro at the 382 there at 173 35 it was a perfect ABC D and it was a perfect 382 right on the money and it took two days to complete it during the 26th and 27th and by golly it just blew the top of that thing off when the Fed came up and that means that you know when the when the Euro is moving that means the US dollar is breaking and when the US dollar is breaking that means the gold starts to rise so that's why you see these big moves and these things as they unfold because the gold will move up when the Euro drops and the excuse me when the Euro goes up and the dollar index drops that means gold and silver are gonna be strong because people are hunting for an asset that has some backing behind it theoretically take a break 877 927 6 6 4 8 kids can rise and fall like the tides subscribe to basal Chapman's newsletter the opening call and you too can ride the wave basal Chapman is an authority in technical analysis his Chapman wave trading system has been helping traders identify trends and capitalize on momentum in the markets since 1984 tfnn invites you to test basal's proprietary Chapman wave trading methodology with a monthly subscription to the opening call newsletter for only 149 dollars your subscription to the opening call comes with a 30-day money-back guarantee as well as daily market updates on key indexes stocks and commodities ride the wave sign up for the opening call risk-free today what's separating you from the most successful men and women on wall street that's right information having all the information gives us the perspective we need to place the right trades at the right time the task profile scanner is the premier market profile base scanner powered by its acclaimed task proprietary algorithms this feature rich scanner instantly filters over 2,500 plus global financial markets such as 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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 call now toll free at 1 877-927-6648 internationally at 727-873-7618 okay i'm back folks and i posted the chart of the s and p 500 with the ai over top of it it says we should be topping here at around 12 30 somewhere between 45 03 and 45 06 those are the three numbers that we're looking at right in there are two numbers 45 05 to 45 06 that's at 12 30 that means 20 bars later at 1 o'clock if you were uh not starting to move down this would most probably be wrong and if you're not stopped out the stop would be six points you would start to exit your position wait till monday so that's what we're paying attention to a couple of things that we need to focus on that we've been talking about for several days that have not worked out the way we wanted to we've had some really great trades here in silver corn euro and silver corn euro i've made us miss the big one i can't even remember the other silver crude oil shut the front door that was the big one anyway let's take a look here at this is the cattle that we're looking at right now hold on here one second there we go uh there we go there you'll see here uh we were wanting to sell the cattle up there we never got it sold it didn't get back there it just started to get down what we're doing now is we're waiting for a little retracement pattern to enter that market but that's you know sometimes you you get them sometimes you don't here's the one that really really is a big surprise folks here we have shorted this here a few weeks ago we had a really nice profit in it which we took down at around the uh 380 level after selling it up around the 420 level look what's happened the natural gas over the weekend folks this thing has exploded to the upside i mean it's literally just went ballistic i guess the natural gas trees are not uh performing as well in the natural gas land where they grow the gas let's take a look here at what it looks like on a shorter term timeframe looking at just a four minute chart from sunday night you notice here we started to explode to the upside we went from 222 we were out $20 that's a $2,000 move you notice we make a perfect a bcd pattern down there at 432 and now we're trading up around 437 i don't have any higher targets mr z i mean the next one you could look at would be the 1.27 which is up around 4 around 460 i believe but i don't have anything i'm not involved i i tried to buy it down there this morning but i had my order a little bit too close as always and i missed it so i'll just stand aside and wait to see what happens but i guess the natural gas trees whatever wherever the natural gas is growing it literally they stopped it so we'll see something caused this whether it was gafghanistan kazastan boristan whatever it is who knows no position in crude oil we sold crude oil of course you know and we had a let's try it again let we bought crude oil down there at the 62 level we got out of it at 67 and a half that was a big move we had a nice move in silver a very nice move in euro and a really nice move in corn all of those four trades worked out this week so it's been a good week but right now i am focusing on trying to get this polyverte tree out of here and i thought about taking it out but the the homeowners association won't let me do it but the tree removal guy came in to tell me that it was going to be $5500 to remove the tree and i looked up the tree and i said you know i really love this tree i said i think i'm going to keep it $5500 for taking a tree out get out of here whatever happened to the good old days boys and girls jeff usual be our boss be our guest here at the break i want to share a couple of charts here from jc parrots which are very interesting here from all star charts these are the differences between the s and p 500 you can see the s and p 500 large cap has made new highs now the s and p 400 has not made new highs and of course the s and p small cap is not made new highs and that's pretty much what we're looking at when we're watching the russell but the russell has come to life folks it really has it's really you know popped up here quite a bit let me get the chart up so you'll be able to to see it had that big double bottom down there and from there it went you know we're all the way above the 78 percent retracement of this now with a big wide-ranging day today so you know you don't even want to think about selling anything today unless it's following you know a little short-term pattern that i'm looking at here at 4503 to 4507 then yeah you can do that but other than that it's nothing to write home about so remind ourselves trading is about not how much money you make it's about how much money you don't lose warren buffett's two rules don't lose money is rule number one rule number two is don't break rule number one and that's what you try to do when you're doing these things and that's about as close as you're going to get folks i've been doing this a very long time and i can promise you this without any hesitation to all there is no better pattern than this you can take elliot wave anything you want but if you look at mr mandelbrot here and look at abcd that's what you need to do i happened to find the garterly book that was showing this abcd pattern in 1937 and that that was the one that uh you know really said wow this is not that hard i can do abcd and if you look at that pattern we've had today in silver we've had it well look at the silver just watch this uh when you drew in the three drive pattern here in silver it was right there the problem is you've got to get filled and it missed it by a couple of cents and that's all you can do so nothing else than that so someone's asking about the greens the um i don't even know if they have army navy stores anymore they used to have a really cool one in san lisa bispo but i frankly don't know they probably do but it's got everything probably made in a foreign country so we'll see how this is how this is going to proceed we'll have to have to wait and see okay let's ask someone asked a question about the uh grains yes the the corn has held up pretty well the beans are starting to act relatively relatively toppy folks you know it's very very it's we don't have any in here in twosan arizona nor in phoenix so and that that is this is what we call redneck country me being one of them the uh we just don't have that stuff here anymore like we used to i don't know if those are franchised or anything bill i i have no idea to see if uh if we had anything like that okay uh regarding the grains uh we were not involved in the grains we bought the corn we were out of the corn now we're flat we're basically only trade the only position we have right now is the uh is the uh long-year-old that's the only thing that we still have on and we'll be watching what what the next retracement's going to be in that but those are the main ones that we're paying attention to we tried to buy that tried to buy the uh silver or the gold today and either one of them got to our buy points the gold missed it by about four dollars and of course the silver missed it a little bit too so those are primarily of the we're also waiting for a little countertrend rally in in the cattle the cattle are so interesting because that number that we hit up there at that 131 that's an exact 61 percent retracement on the long-term weekly chart going back 10 years so that's a really important number in the cattle so i think that could be a really interesting one if we do get a countertrend rally here uh in the next day or two to see if it's going to unfold at this level uh someone's asking is this the top in the market i have no idea uh it doesn't appear to make me why would you think it would be a top in the market i mean it's still up it's made new highs uh s and p's made new highs the dow jones hasn't the the russell has it but they're not too far away now and the naztac is screaming so they could go a lot higher and how much higher i don't know but when we're ready to sell this thing you're going to be the first and well the second to know and uh so we haven't seen it yet but boy i tell you one thing folks the high that you're seeing now i'll never see again back with jeff huge fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com the tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the den and surround yourself with the 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afghanistan had lost their connection so that was probably the reason an amazing forecast my friend an amazing forecast and let's take a look at this uh 2021 composite cycle that can this is the one-year seasonal the four-year presidential and the 10-year decennial how much confidence do you have in this one jeff well you know it's not a forecast as much as it is just history's view of how the market should trade based on all of those historic factors that you just put out there and you know the thing that's most interesting to me is the fact that we happen to be in the august september october time frame right now which is historically the worst three month period of the calendar year and at the same time we're in year number one of the decennial cycle and also the first year of a presidential cycle now the first year of the president's term is usually the most volatile because there's so much change going from one administration to another especially with an incoming president as opposed to an incumbent but especially when you look at years ending in one you tend to get a lot of volatility and you know if you take a look at the table to the right on that chart you're actually looking at you know something like a down five and a half percent average return for years ending in one for the august through september period with about two-thirds of those periods being negative and in the worst case scenario you typically see something down close to around a bear market area of around 24 percent with very you know the minimus upside potential i think the high going back to 1931 was only 2.79 percent so you know the odds favor the market putting up disappointing performance in this period and as a result we want to be cautious at least through the end of october well that sort of makes sense to me but you and i are the only two ones that think that way unfortunately now you've got another chart you've got another chart here that's very interesting about valuations because we hear everything that the market's not overbought or anything but what are you looking at when you're looking at these historic valuations well you know there's an interesting guy out there by the name of john husman perhaps you've heard of him oh yeah he's uh yeah he's been around forever he has been around forever and he had a very interesting quote that caught my attention and the quote goes something like this it's basically it may be the greatest collective error in the history of investing to the extreme multiples for extreme earnings that reflect extreme profit margins and extreme government subsidies while imagining that those multiples also deserve a premium for depressed interest rates that reflect depressed structural economic growth so after i read that quote last week in his monthly i decided to do some valuation work my own and what i found was using the most objective lens that i know of which is market cap to gdp so the total market cap of the willshire 5000 versus the us gdp hit a new all-time record high of 202 percent this month now if we compare that to history going back to the prior extreme which was recorded in march of 2000 we only got to 148 percent of gdp and so you know we're now one full third higher than that so that's concerning i also looked at earnings on a cyclically adjusted basis so i use the shillers cape ratio and we now just hit 38.7 times on the multiple that compares to the march 2000 record high of 43.8 and it's more than double the historical average of 17.2 times so on an earnings basis and i i think this time in particular it makes a lot of sense to cyclically adjust those earnings because of the circumstances surrounding uh you know the recovery that we're in because it's so influenced by government subsidies etc and monetary policy not let's not forget jackson holes going on today but when we look at those two metrics alone it's extremely concerning we're in record territory for valuation but now let's take a look at just the s and p dividend yield which is now 1.3 percent that's challenging the year 2000 uh low as well and the price the sales ratio for the whole market is 3.1 times that's 50 percent higher than the than the march 2000 peak of two times so valuations are historically extreme by virtually every measure at this point wow that's really amazing now the next one we're looking at is margin debt and that seems to be at a historical levels by a long long ratio too isn't it it is and what's most interesting to me about margin debt is you can equate margin debt as investor sentiment the the greater the number the more bullish investors are about the market well total mark margin debt actually retreated by 38 billion dollars during the last report they report this one month in arrears so this month we got july's data and the july data came out at 844 billion uh that compares to the june data which was 882 billion so this was the first month over month decline since the march 2020 crash and the thing is year over year growth actually peaked back in march of this year it's 71 percent and that's been basically trending lower ever since we're now down some 34 percentage points from the peak rate of change so we're now just you know growing at 37 percent year over year rate of change and you know if we take a look at margin debt as a percent of market cap anytime you're below two percent that means you're starting to see a rollover in investor sentiment so you know we're now at 1.85 percent and margin debt basically tops before the market tops and i think this cycle peak that we saw in june is endemic of where we are in the market cycle and that is you know we've probably seen it peak or it's peaking right now and poised a rollover got a couple of really neat charts here on the preferred elliott wave count you want to tell the folks what you're seeing here absolutely so you know this chart basically references our view of you know the primary wave count and so you know what is the primary wave count well that's the move up from the march 2020 lows so this final move up which has been in a really nice trending advance and we're still trending higher there's no question about it but if you look to the chart to the right that's a blow-up of this last final segment which really starts at around may 12th and moves up from there and that looks to us to be an ending diagonal triangle and the ending diagonal triangle only is ever evident in the very final stages of a market's advance and that's what concerns us right here and right now is that this pattern looks exactly like the textbook pattern says it should look and we've counted this things with the microscope but even this is a four-hour blow up at the s&p we've looked at it as low as one minute to try and find errors in the count and i've gone through every rule and every guideline in elliott's memos and let me tell you this thing is as perfect as it gets hey stay with us folks jeff huge alpha 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mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv okay we're back folks we're talking with Jeff huge alpha insights and Jeff this is really great stuff I mean I just I love the the the counts and everything I don't quite count you know Elliott wave stuff I keep it as simple as possible but when you add the cycles and stuff to it it really is it really is quite amazing now you you say the the Elliott wave count we should be up near wave five is that what you're saying that's exactly right so we made a new all-time record high in both the SMP 500 and the NASDAQ today but the Dow has yet to confirm that the Dow made its hideback on august 16th and that non-confirmation is something that you would expect characteristically of a top I think it's very possible and I can't be a hundred percent certain until the market breaks and closes below forty three seventy but I think it's possible that the market's making its all-time high right now as we speak oh boy I'll tell you've got another one here that I really enjoy and because I've I don't read magazines and stuff anymore because I'm a technician but you've got a chart here of a barons and I think this is really apropos because I've seen some of these I remember the one in 2008 when they took the the bull and the bear out on a boat and the the the bear was the bull was pushing the bear out of the boat with weights on and that was the high week of the market at that particular time that was in October of 2008 as I remember but there's a perfect example now we're seeing one the unstoppable rise of high tech and but they just don't seem to have any top don't they uh no you know and the thing is it seems to be that everybody is bullish on these top seven s and p stocks apple microsoft google amazon facebook tesla and vidya's join the party now if you aggregate the weightings of these top seven stocks together they represent 25 percent of the total market cap of the s and p 500 but what's interesting to me yeah is the price to sales ratio for the market is 3.1 now I said before that's a record well the weighted average price to sales ratio of these seven stocks is 10 and a half to one so you know I put a quote that was scott mcnealy you might remember him he's the former ceo of sun micro system he made this comment at a tech conference in 2000 right after the the tech market had peaked and broke in march of 2000 and he said look at 10 times revenues to give you a 10 year payback I have to pay you back 100% of revenues for 10 straight years and without going through the whole thing he lists all these reasons why that's ridiculous and at the end he says you know you don't need footnotes you don't need transparency what were you thinking you know I think people will look back on this event in history of the same thing and say what were we thinking why did we pay 13.8 times sales for microsoft great company but not a great stock at 13.8 times sale you know jeff you probably remember this but back in the dot com bubble you know the stocks would double if the telephone rang in the the company thinking there might be a potential sale the stock would double I mean it was that I said you'll never see anything like that again and really this is nothing like what we saw those because those were little stocks that just went and of course all of them disappeared but that's neither one question one of our listeners is asking do you have any information or insight on blockchains and the things that are going on with the cryptocurrencies do you follow that at all I do I publish on both bitcoin and ethereum and honestly I think you know I'm I guess I'm not going to say I'm bullish but I'm constructive on ethereum the thing that I like most about it is the use case with this you know decentralized finance and nfts and things of this nature you can actually make money in the real economy using the bit the the the blockchain technology associated with ethereum and so for that reason alone I think ethereum could be in its infancy in terms of what it could be long term well that's great now I've posted your website and how the folks can reach you and uh just really great stuff we'd like to have you on in a few weeks I want to wish you the best of luck and keep up the great work I mean you've been for the last two months Jeff you've been nailing this stuff right to the wall you haven't missed a beat and we really appreciate it I know some folks are fundamentalists and they don't follow the technical aspects but it's hard to dispute it when you lay it out like you have I I just think that people should be very impressed with the work that you've done you should be congratulated well thanks Lear I really appreciate that let me just make your listeners aware that we've launched a new newsletter called huge insights the big picture and if you're interested you can get this newsletter for free by going to my twitter profile at alpha underscore insights and you can sign up for the newsletter we're giving the first several issues away for free and you know just test it out see if you like we detail exactly what we laid out in this presentation with much greater detail and a lot of more examples in the newsletter and so um you're welcome to take a test drive on that wow well that's really cool I certainly appreciate it my friend and may god bless and we'll see you in a couple weeks okay all right take care now you know Jeff there might even be a down day between now the next 14 trading days nope not I'm not making any predictions or anything but there's a possibility there indeed thank you again Larry take care thank you Jeff Jeff huge alpha insights folks really great let's get back to taking a look at some of these things that Jeff was talking about and of course one of that we followed here closely for some of our friends are in it which is the old Tesla will get this up because we were at really critical level in Tesla if we can get above that 730 level and we're not even close let me get this up here I'm just looking at here right now here we go you'll see here there's where we are let's get it up here the most important thing to take away from this folks is if we go back and look at technical analysis just go back and look at the top there at 900 there was a perfect head and shoulders pattern the right shoulder lower than the left shoulder the distance between the high the shoulders high shoulder high and the shoulder low was exactly 10 trading days and you can see you had a beautiful Gartley pattern there at 780 you had a double bottom there at 540 and you have the 786 retracement up here at 730 that's what stopped it it's taken one two three four five six seven eight nine ten days to reach that we need Tesla to be bullish it's got to get above 740 otherwise I still think this is a downtrend you can see the lower tops lower bottoms so regardless of what the fundamentals are it hasn't really turned yet same thing with Apple you know it needs to close above that 151 level to keep the momentum going and it could certainly do that but we don't really know for sure now when we started this show we were looking for the old s and p to get up to this old level that we were looking at which was uh oh three to oh seven we've been to oh four and a half almost oh five and now it hasn't done really much but if it's if it's right then we should start to the downside another way I would handle this you know I've got the I'm looking at this right here my mid midpoint of course was oh four and so I would if I've been a seller at oh four oh five oh seven was the number if it gets above 12 so in other words there between four and 12 is eight ticks you're going to be you're going to be wrong but the way you handle it if the AI is working this should start down and it should not make a new high now so what I would do now is I would lower my stop down to 4508 to keep my risk down to just uh you know 200 dollars if in fact that's uh the way I'd be watching it right here so we'll just pay very very close attention to that if you happen to be interested 877-927-6640 sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors markets can rise and fall like the tides subscribe to basal chatman's newsletter the opening call and you too can ride the wave basal chatman is an authority in technical analysis his chatman wave trading system has been helping traders identify trends and capitalize on momentum in the markets since 1984 tfnn invites you to test basal's proprietary chatman wave trading methodology with a monthly subscription to the opening call newsletter for only 149 dollars your subscription to the opening call comes with a 30 day money back guarantee as well as daily market updates on key indexes stocks and commodities ride the wave sign up for the opening call risk free today introducing primal edge today it's even more important to take a supplement to compromise your health primal edge is specifically formulated to boost your immune system and help with weight loss better sleep stress reduction and the need to detox our early ancestors found all their nutritional requirements in the wild environment but today our food sources don't contain the vitamins minerals and nutrients that we need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionic soil based vitamins minerals fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated humic and fulvic acids natures preferred delivery system they've been called miracle molecules because like sunlight air and water without them life cannot exist that's right ellen they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge just 89 dollars exclusively at tfnn.com hi folks this is steve rhodes stay tuned for another great hour of the trader's edge heard here at tfnn.com okay folks i posted the chart of december cattle mr z asking me how we handled that cattle short because he assumed that we were in october but what we did is i choose chose to use the december cattle versus the october only because give us a little bit more time the charts look identical i just was a choice that i made the october made the price objective the december didn't i posted the chart that you can see on the december it didn't quite make it so it's the same pattern it's just that the december was weaker and i would want it to be because it hadn't made the target so i figured i would sell the weakest but unfortunately that didn't happen so now i'm waiting and we've had three hard down days cattle's down more than four cents a pound so what i'm watching for is a nice little two-day rally maybe three-day rally in the december cattle and also be watching the october too because it fits so perfectly and that'll give me an edge that i'll be able to exploit to see if i can you know line this stuff up to make sure that it's uh you know doing the right ways now we hit our price objective in the gold up here at 1818 we're trading at 1819 30 and like i said you know on that particular one we would not risk more than four dollars so your stop would be at 1822 and if you do that i mean i didn't i didn't post this as a what do you call it as a 24 seven trade only for the fact that it was fed time and i just didn't want to take the additional risk and in fact it could have gotten very crazy and now it's not crazy so i would be looking at it very closely but that's not what's happened here okay now on monday i believe we do have john person is going to be our guest on monday and hopefully later this week uh early in september when we get moving i'm going to have dr al larson for money tied on he's one of my best little compadres i mean we've been friends for many years and and truly one of the five smartest dudes i've ever met uh on this planet and he is right up there let me tell you if i was double phd's electronics and computers and whatever see y'all on monday may god bless