 The following is a presentation of TFNN. Trade, what do you see? With Larry Pezzavento. Toll free at 1-877-927-6648 or internationally at 727-873-7618. Larry Pezzavento. Okay, looking good, Billy Ray feeling good, Lewis. I believe we have Joe DiNapoli on the line today, but he's having slight technical difficulties. Is that correct, Bubba? Well, you know, last time I couldn't hear you at all. This time I can hear your velvet voice. Last time we had screen sharing and now we don't have screen sharing. Hopefully we'll get that done. You can talk to us about some of these things. Oh, anyway, can't you partner? Well, I can talk to you, but you know, you want to eat spaghetti without gravy. I mean, this is crazy. We've got to have a screen share or it's pointless. I got great charts for you. We're at a very critical place in the S&P in the NASDAQ. Yeah, we are. What about the... You know, I mean, I mean, serious. I got the exact numbers. None of it's going to make sense without charts. So if we can't solve this, audio is my friend. Well, let's don't audio yet. Let's give it a shot. Al, he'll try to help you. Why don't I'll do some talking while you try to get it fixed. How's that, Joe? Well, that's great with me. I've got my screen sharing set up, so... All right, we'll try it. We'll try it again. The rest is up to you guys. We're going to do our very best. That's what we're going to do here. Okay, folks. Joe, I'll just go ahead and talk about some of the markets here. You know, we're at real critical levels here, folks. If we go below that 44, 35 again today, that is the 61% retracement of that whole move after a big move up to the 382. That is not very good. We're trading at 44.51, I heard last. So we'll see what's going on with that as we look at some of these other things here unfolding here today. So we're going to be watching it very, very closely, as always. But with the fact that Apple was able to only be down about 3%, and the Dow Jones rally 150 points to me was a... It was actually a really big deal. That's what I can possibly say to that. It's really, really truly amazing. Excuse me, folks. My limit-minders are going off on so darn many things right now that I have to have positions in. And if you're going to give me a second here, I will get this fixed. And then we'll try to get it done. And Joe, cut in any time if you think you got these things set up because I would certainly want to see these. And if we don't, we will get it ready for you as soon as we get another time here to travel to do this. Because the work you have is just nothing short of spectacular because I've been watching it since 1968, Bob. As I recall up there in the McCulloch Oil Building, and it was... Okay, hold on. I got to put that in there. Okay. Just a second here. The way we're sitting right now, Larry, is I'm waiting for you guys to connect up and you guys are waiting for me to connect up. Okay. Yeah. Well, the problem is I got a slight problem here and I don't know what the problem is. Let me see. No, that's all right. That's all right. That's all right. That's all right. What's he talking about? They don't know what he's talking about here. At least we connect at this time. I don't understand this. You know, Joe, you know, we've been friends for so long. It's even hard to remember. But, you know, my problem with this stuff is technical. You know, when we did this stuff, we had a Reuters machine. We didn't have the computers. As a matter of fact, people don't know this about you. As you were one of the... You were. You and CompuTrack were the very first people. And what was the name of that little computer that you had that brought out all that stuff, Joe? What was the name of that? Well, that was on the old QX-10, had a 12-inch screen and only green monitors. And we thought we had the best system on Earth when we managed to get four 12-inch monitors giving us live quotes. I mean, for your listeners, your listeners probably don't know what a clatterboard is. You and I do. I mean, when I first started trading commodities, we're going back to 1982. And commodities have been trading stocks since 67 actively. But we just had a clatterboard, which is, you know, flap-flap-flap-flap-flap little things. You know, they still have that. I think it was at the Merck. In one of their meeting rooms, they have those old clatterboards. And it's pretty amazing. Yeah, my friend Dennis O'Shaughness, he had one of those put in his dent so that it would hit the high and low, it would click. Yeah, he bought the whole board and it was really good. You also remember, whenever we wanted an inter-day chart, it was $20, and we had the ADP automatic data processing machine there at Conti. And if you wanted a chart on pork bellies or corn inter-day, you could get it. But it was $20 for one chart. And the machine was busy all day long. I remember that going on. Larry, I was sitting at a commodity place in Newport Beach and the brokers. I had graph paper. I had the little blue lines on it. And I'd do a five-minute chart and put little Xs to where the price action would go. And I would sit there all day long and I'd make my own charts sitting there watching this stuff on the brokerage. I mean, the changes are just incredible. They're amazing. And for a while, it really worked out good. And then, of course, this algorithmic trading started in earnest in March of 2009. And we had to accommodate for that. I don't think we're getting anywhere here, Larry. I mean, I'm not hearing anything from Al. I'm still sharing. And they don't see us. The only thing I can think of doing is going off and coming back on and seeing if it works any better. But I don't think it will. Well, I'll tell you what. Why don't you do that? You've got five. You've got seven minutes to do it. Why don't you try it again? And then we'll get back to you. And stay on because we'll talk about the old days. These people don't realize that when you have two dinosaurs in the room, you know, two tyrannosaurus rex, they ought to listen to what? Because we remember we were in the pits when there were no pits. Yeah, it was a different world. I mean, absolutely different world. All right, I'm going to shut down. Come back up. I have so much to share with the listeners. So this doesn't happen. We know we're going to get you on. We'll get you on next week if we can't get you on today. So let's keep trying, folks. All right, I'm going to come back on. Take care. You got it, brother. All right. Let's see much time. We've got a minute and a half here. Let's get this thing going. I was really looking forward to seeing what Joe has because he's got some really spectacular stuff to look at. And I'm very, very impressed with the type of thing that he does. I can't stress enough about how important it is that we do not go below that 4435 today. We're 4452 right now, I believe. But if we get below that 4445, 4435 today, which is the 61% retracement after we had a 382 Valley up there at 4459, that's not going to be good, folks. That just tells you the market. And then, of course, Apple has held up relatively well given the other stuff. But remember, China, they said, I don't know what the ruling was, but they said their main dudes couldn't use the iPhones. But if the main dudes can't use it, little dudes can't use it. And eventually, that'll cause trade deficits and all the other stuff that the fundamental guys, fundamental guys think about that I don't have any time for because I don't understand the fundamentals. And that's a real blessing in my opinion because I don't know how to do one thing. And that's AB equals CD. And it's a nice little tool. It might not work all the time. It works a lot of the time. There it lies, the rub. So we'll take a break here. 877-927-6648. Steve Rhodes started his trading career as a student almost 20 years ago. And the student has now become the master. Steve won the prestigious Timer of the Year Award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn. And he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee. So you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability, 30 days risk-free today. TFNN, educating investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN, educating investors. TFNN has just launched their new trading room, the 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, and now they are expanding their reach with the Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas. Interact with other Tigers and Tigresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Folks, I don't think we're gonna have Joe on today. It doesn't look like it, so I'm just gonna have to make some stuff up as we go along here. Anyway, you got it working? I think Allison is working. Okay, let's hit the bricks. I'm ready. I mean, can you see that? We're ready, yes. We're looking good. Billy Ray, feeling good, Louis. Oh my God, we're not gonna do the walk down memory lane anymore. That's too bad. Anyway, I'm just gonna go slow. If I don't get through what I wanna get through, then just get me on next week and we'll just do this tomorrow. Yeah, you bet. All right, so I wasn't on when we had that baboon's rare end of a lull, the most unmistakable lull probably of my trading career in October last year. Okay, so that's... I wasn't on to share that with you, listeners. I was also not on to share the likely reaction back off that lull. And that is defined by something called a bread and butter pattern. And that bread and butter pattern is described in chapter six of trading with natural elements. That along with six other patterns. And this bread and butter is just deadly. Now we're gonna go and we're gonna go over that because it's the most critical thing I wanna talk about today because rather than talk about a short-term number on a 60-minute chart, we're gonna talk about a large quarterly number or monthly number. And this is just so important. And I mean, it's absolutely critical. So let's go through this pattern. What the pattern requires is a significant thrust, most of which would be above the three by three displacement of the average. That would be the three, yeah, three-day displacement of the average. We'll go over three days. It's actually a period, not days. You can work on a five-minute chart or one-minute chart and work on the yearly chart. And what happens with this pattern is that when you break down below the three by three, you normally get a total of three periods. In this case, let's say three months or three quarters. You'll find a low and that's exactly what happened on the October low. And then from that point, the likely exit is a 0.618 retracement of that previous download. Now, what you'll listen to is need to understand is that this pattern was made and was created by me in 1980s time. Okay, now let's look at the current action in the NASDAQ. We had the three by three, which is the boom line, that contained the thrust. We went right up to the high. We came down to the October low, three days below the three, or three quarters below the three by three. We then turned around and rallied. And I was not here for the October low. I was not here when we hit 143.67, but I am here now. And this is the exact pattern now. What do we do now? That's the important thing. And the number that has to be watched is a long-term basis is this 143.67. That absolutely must hold. That sucker needs to hold. That is the bottom line. Now, if you go under there for a few seconds or a few minutes or even a day and then you climb back above it, it doesn't mean you did it. What I'm talking about is that number, you need to get below that number before this market is bearish and you need to stay below that number. And for those people who think, oh, well, you know, once it goes below that number, it's gone too far, not a chance. I'll show you where I think this thing is going. Now, there's the number on the quarterly NASDAQ. Let's take a look at the exact same picture. The bread and butter trade, we came up to the .618 retracement. We surpassed it. Now, let's go back to the patterns. You see that? Even on the pattern that was in the book, okay, again, developed in 1985, that shows that we can exceed the exit point or the objective point. Now, we need to stay above that .309 level. If we get below that .309 and we can stay below that thing for a little while, this market is done like yesterday's toast. Now, we're not going to talk about political stuff. It's not allowed here, and I'm good with that. Bottom line is I'm 80% in cash and a lot of the reason I am 80% in cash is for political reasons. Russia, China, various political reasons. And I'm worried that we're going to have a 1987-style event. And if this happens, I don't want to own stocks. I do not want to own stocks. I was trading the day that that happened in 1987. We had a 40-point discount on the S&P cash to futures. And I'm worried that that's going to happen. So, if people want to hear about news that we are not able to discuss here, they can email me at TWD. It's at credit.com. I'll send you a letter I did about free music. Now, additional risks. We have extraordinary liquidity risks, over-evaluation risks, inflation and debt risks. We have three bubbles. Two are popping. That's real estate inequities. And one has pop. That's the bond market. So, when you put all these risks together, you know, Larry, what people don't understand is this trading game really is not about buying Microsoft at eight and selling it at 800. What this trading game is about is evaluation or risk. And there is incredible risk out there, enough so that I have had 70% of my money in cash in September of 2021. And, you know, we're talking over 5% now. So, the other 30%, not 20%, because I cut it back if we want it. Normally, in my last show, it was on September 1st, I talk about having a whole bunch of orders in the market at key Fibonacci levels, key levels that I developed for various stocks. Okay, this is what my accounts normally look like. I'll have 40, 50, 60 orders in there at key levels. Okay, now, this is what it looks like. And this isn't even current. This is back about a month and a half ago. I've got even fewer orders in the market now. And that's because I don't want to get caught. I've been caught before. I don't like being caught. So, I have far fewer orders in the market. I'm very, very cautious. Now, what are we looking at here? This is the projection. If we get below that .618 level, whether it's the NASDAQ or the S&P, if we get below that level, the likely spot for me is down where that little red line is. I'm going to give you the exact number because that's the .382 retracement all the way back to the 666 low that we had at the end of 2008. I think it was March 2009. That was .618 level. And we have an expansion down, what we call an OP expansion down, and that's just above it. And that expansion's clearly marked on this chart. This is a quarterly chart, long-term stuff. Now, I'm going to go to an expanded view on this. And your number, your support number is between 3225 and 3328. This is where I think the market's going. Minimal, absolute minimal. Now, let's go back up. I think we also have a very high probability of it going down to 2520. That's the actual expansion. So those are the numbers I'm looking at long-term. If somehow, by some miracle, this market decides to go up. Okay, by the way, it's going to work without me. Adios, Marie, you know, bye-bye. I'm not interested. All right, because this sucker goes up. The next place I'm going to be putting on heavy shorts are $51.29. Listen, we've got to pay a few bills. Stay with us, folks. Joe Devapoli is in the house. We'll be right back. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven in hedging properties across the global major trading hubs of the London OTC market, the U.S. 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. 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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. Joe DiNapoli at the DiNapoli levels. I don't know what happened to the frog, but he gained the... Got happy too quick here. Why don't you continue on, Joe, please? Yeah, I'll let you cough off of the audio. You know, Larry, one of the... Actually, two of the great things about being on with you, other than you, of course, is that, number one, the audience understands that you don't have to explain all that to the audience. Number two is I get some big-name programs as long as they come on. We have Mr. DiNapoli. We'll give you two minutes. You need two minutes. What the hell am I going to do with two minutes? You know, you can put the two minutes because it's useless. Anyway, to get back to the point here, if by some miracle this market goes up, the next topping point is 51.29 to 51.30. And if it does get up there, I mean, I got a bunch of shorts on right now. Not a lot, because we're not below that .618 I talked about earlier, but if we get back up there, oh, boy, I am going to get all over this thing. All right, so let's talk about oil market projections. Now, this is an old chart, and I don't know if folks trade that much oil here, but anyway, I had a very significant position. I'm going to talk about that in a little while if I can get as far as my... It's talking about the economy in China. I just got back from there. I don't know a lot about the economy in China. Anyway, I got out of a large fund that I had at this 81.32 level. So I'm using the oil market projections in order to trade the funds. That fund wasn't totally oiled, but it was one of these. And even though oil is up now around 86 or 87 once they're looked, the fund never got that up to my excellent. So the thing I'm trying to point out to the listeners is that if you trade mutual funds, even those that trade at the end of the day, you can use these Fibonacci projections, XOPs and whatnot, to actually trade in and out of funds. And I do it all the time and it absolutely works beautifully. All right, so let's talk about oil projections if some of the nightmare scenarios which are very possible come into play. And you can hear about them again if you want to ask for that letter that I wrote posted on my forums a couple of weeks ago. I think minimum expectation for oil, if any of this stuff comes to pass is 167. It would not surprise me if we get up to 231 and I think 333, 334 is a bit high, but it's all doable that things go awry. So God help you if you're long equities and this comes to pass. Let's talk about gold. I really like gold. The gold is the most manipulated. I think it's got to be one of the most manipulated commodities in the planet. And by the way, Larry, if you want to talk about Bitcoin and some future presentation, we can, but I think that's next on the chopping block of being manipulated and I have some ideas about how it will be manipulated. But at any rate, we've got a gold CLP or OP rather at 2711 that would not surprise me at all to see that projection if some of the bad scenarios that I believe will happen after we do happen. I'm going to give a short advertisement here. We're going to extend this $99 offer for $162 book. And if you want that, just type into our order form, www.thibtrader.com, or take the new order form, type in Tommy, $99. You get the book, free shipping in the United States, $45 outside the United States. You get 60 days in the form and you get access to one of the best people to do this work that exists on the planet. That's Peter Minoway. He's one of my guys. He's in South Africa and he's right on top of things and you get 30 days of access to that. You've gotten to September 11th to make that happen at midnight. All right, I don't want to be late at the point. I want to get down to one important stuff here. I had a very large response from my last point on the show on September 1st. And I had a lot of questions. And these are some of the best questions, but they were too long to answer by email. So I shot back a response to the folks that asked them. I said, well, I'll do my best to cover it on the next appearance on Larry's show. So people wanted to know they knew I was Long China and I had a big position in China. And they knew I was Long China and they wanted to know what my deal was in position. And the answer is it took a loss. It wasn't a big loss, but it was a significant loss. It got my attention because the sizing was so big and a big position. And so what happened to it? Well, when we were unable to sell Russian stocks because of the sanctions, I saw that the same thing might happen to my China position. And so I decided China was absolutely uninvestable and I eliminated about 95% of my position. And God blessed the market. You know, sometimes you have a gift from heaven. You know, they stopped the COVID restrictions over there and they opened up. We had a beautiful rally and I got out within about 4% of the top of that rally. So at that point, I said, I owe us to my China position, but I'm still, you know, I'm still bullish China. So what do I do? Well, China is not going to go up unless oil goes up. So in my September 1st presentation on this channel, I showed you where I did a small oil trade and it was in UTN, I believe. At the same time, I also entered a very large commodity position where oil is about 7.8% of the fund. It's PCRIX. And you're interested. I really am. Is it ETF? Is it ETF, Joe? Am I waiting? No, no, that ETF that you said with the oil position, is that an ETF that you're dealing with there? Yeah, I'm out of it now because I got out of the oil hit that 81 area, but it's a pinco fund, it's PCRIX. And I traded that thing for probably 10 or 12 years. If there's a dividend, it's not just oil, but it's about 7% of the oil. People should check it out. It's kind of a weird fund and I'm certainly not recommending it. I'm not recommending anything. This is educational. But that's what I was trading. And when I got out of my China position, I jumped into one and a half times. So for every $100 I had in China, I had about $150 worth of this stuff. And I managed to get back the loss that I had in China. And then some. So that's what happened to my China position. It is absolutely uninvestable now. I was just in China. And I was in manufacturing the city of Guangzhou. I was in Shanghai. I was in Beijing. We're just going to Hangzhou. Yes. That's my favorite city is Hangzhou. Yeah. Am I okay? Yeah, you're great. You've got 48 seconds before the next break. So keep going. All right. So anyway, I was just in the manufacturing city of Guangzhou. I was in Shanghai. I was also in Beijing, the political capital. And you know, we hear all this negative stuff about China. I mean, feet on the ground. Now I've been doing business operations since 2003. I've been doing presentations all year. We've got to pay a few bills. Stay with us. We'll be back with Joe DiNampley, folks. DiNampley level. Stay with us. 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. 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Okay, we're back, folks, and I believe we have Mr. Joe DiNapoli still in the house. Please continue, Joe. You still got that frog, don't you? Yeah, no, it comes and goes. In my days, when I used to sing with Frank and Dino, it was too much. Too much was on and playing. Yeah, I remember those days. Yeah, it was just like yesterday. Okay. Oh, we're what? China. I don't think I can talk about one there. Sure you can. Okay, China. We are getting some of the most. Okay, so my position is gone. It's not investable. I think I explained why. Actually, I still have a little bit here and there, but not much. I was all over China here just like three weeks ago, four weeks ago, and the kind of people that I'm around when I go there, I'm around the entrepreneurial class and I'm not around government people, but I'm around the entrepreneurial class and hey, it's still going. I mean, this is the most amazing country. I think I've been to, I don't know how many countries, 40 countries, it's absolutely amazing in that place. I did do one better, Joe. I'm sorry? I did do one better. I married one. I know you've never, you've never met Sarah, but yes, he's from Hong Kong. Yeah, I met her on an airplane in 80. No, it's 90. Oh God, it's right when Hong Kong was taken over. We bought a place over there. You met her when you were 90? 97. No, I won't be 90 till next year. No, I met her in 1999, 99 is when I first met her. Then we got married in 07, but anyway. Keep going, my friend. I'm sorry to interrupt you, but I do like. I ever lost Patty. I'm telling you right now, you know, I would be absolutely on my way to China or Thailand or whatever for a war in Asia-wide. We can have a program on that someday. You know, you both have a lot of experience. Okay, so I'm in love with the entrepreneurial class over there and they're still going. I mean, the China economy is not what it used to be, but it is still chugging along quite well. And so I, I really question what I'm seeing. One thing that's important is that when we had our, our property disaster in 2008, we had programs that kind of had no end of moral hazard attached to them. What's going on in China is that they're doing things that doesn't have that moral hazard attached. In other words, if somebody made a wrong move, if somebody was worth, you know, $100 million, it was zero. They're not getting bailed out. They're getting crushed. Absolutely crushed. Yeah. And what they're doing out there is they're, they're doing the best they can to protect the investors. But I wanted to go into further with that. All I want to do is say that, you know, all this negative stuff about China, it's not nearly as negative as you might think. And that's just from my feet on the ground. Of course, the people I'm going to run into over there, I mean, I'm treated like some kind of gods. It's almost embarrassing. You know, I don't like that, but that's the way. Yeah, I know you don't like it, Joe. I, I could tell just the one time I saw it, how you cried after it was all over. Yeah, great. Okay, so, so what happened to my commodity position? Well, I think I explained that earlier. I really jumped in very heavy, heavy commodity area with oil, when oil didn't close. And then I, I'm out. I still have some gold. I still have some platinum. I still have a few other things. You know, I still have some of that stuff chicken around. I'm going to have something. We can't be totally short or out. So I do have some of that stuff left, but not a lot. Well, I like long dated bonds. That was another question I got from you, Ruth, that had emailed me. And the answer is yes. I'm currently long, long dated bonds. Not a huge amount, but I'm going to buy more as they go lower. Well, you know, like Warren Buffett says, he hopes that the price goes down and stuff in his list. We can buy more. I do have a position, a couple of different accounts. It's an EDVDZ. I don't know which one it is, but it's long, it's long dated bonds. It's fun. And I find it a lot, a lot easier to trade than the futures. What, what you've got to realize out there in radio land or whatever you're listening is that, you know, we've got high loans, last. We've got, we've got technical analysis. We've got all this stuff. What you need to realize is sizing. Sizing is so, so important. And it took me probably 20 years to figure that out, but that's, that's really where it's at. If you size properly, you can withstand some drawdowns and you can do really well. Okay, the next one, Larry, you're going to like this one. Are your support resistance numbers the same as Larry's? Well, let's go back. Let's go back to memory lane a little bit here. I had three mentors and Larry was, was my most influential mentor. There's no doubt about that. You know, he flashed the flashlight in the right place. And after he did that, then I took over, I did my own research and I had come up with a way of approaching Fibonacci, which is different, a bit different than Larry's and it is substantially different from a lot of other people. In addition, I've come up with patterns. We have something called the MACD predictor, which you can get into on a subsequent show. But anyway, it's, it's a dynamite indicator of patterns. And yeah, my numbers are different. We have things like revisits. We have things like complements and grimineers that are just incredible. We have stuff, we have stuff that Jack is, is not normally talked about. And the whole key with this Fibonacci stuff is getting the right numbers. You know, getting all the possible numbers, you go crazy. You can't do it. You can't get the right numbers. And also, you know, if you have automatic software that's going to show you the Fibonacci levels, I mean, I hope I'm not, I'm not going to hurt somebody that advertises it. It's not my intention. No, no, no, no. As long as you don't talk politics, you're okay, Baba. Okay, Baba. We're not going to talk politics. Yeah, if you get that, you get that automatic stuff. I mean, we've tried it. Other people have tried it. What you have to do is you have to understand. You have to understand where to put the A, Bs and Cs. That's the key, that's the key issue here. You have to understand what reaction low is more important than another one. It's the same as you go on the bar. You want some pretty girls, right? Well, maybe not. You're going to know which one is the prettiest and which one is going to do some good. So that's the whole same thing with a chart. Yeah, that's what we train. When you get training from us, that's what we do. Now, let's talk about, oh, yeah, one more thing about Larry. You know, they can hide, they can live, they can steal, but they cannot hide. This is one of the most important things I've ever heard about creating. You come straight from Larry, and it is absolutely, it's the basis of technical analysis. They cannot hide. If somebody takes a huge position, you're going to, it's going to be reflected. I mean, they can't hide. They can lie, they can steal, they cannot hide. Keep right down, right down your forehead so you can see it every time you look in the mirror because it's critical. Now that won't come back. So, last week we had a question. The question was about albos, and we didn't really have enough time to get through it. But I want to talk a little bit about albos because, you know, we're in battle with albos. We're in battle every day with albos. I certainly am. And the question, I believe, had something to do with, you know, how do you manage your training with the albos? Yes. We got a payment. We got a three-minute segment coming after the break. So you're going to have that as soon as we come back for two minutes, and you've got three more minutes, okay, after this? All right, you go. All right, see you later. We'll be right back, folks. Joe, the Annapoli levels. 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, visit the front page of 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. 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. Everything in the universe is governed by the Fibonacci sequence. 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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 tygruses for just $1 for the year. There's no catch or adicosts when you join our community of traders. Sign up today and 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. Okay, we're back, folks. We're talking with Joe Denapoli, Denapoli Levels. You got three minutes, my friend, and plus, next week, we'll have you on so far away on the algos. I'm really interested in this. Yeah, I actually don't think we're going to have enough time to adequately cover this, but we can get started. You get an idea of what my thinking is. So, first of all, with the algos, I think it's a huge amount of study about this problem. And the reason why is because my best years, I think my best years of my entire trading career were 2006, 2007, and 2008. And it wasn't just that I was short. I was the predominant of those trades, one-on-one trades. I can't even imagine that. I showed last week on September 1st to show how I nailed 300% less than a day. It's just under 300%. And that was a long-side trade during 2008. So what happened was when we hit 2009, I stopped making money. I mean, I wasn't losing money. I was. I was losing money and I was making money. I was losing money and I was making money. What the hell is going on here? I mean, prior to the financial crisis, I was doing okay. But subsequent to the financial crisis, I wasn't. So I obviously knew something while I couldn't figure out what it was. Then I read some articles and doing some research. I found out that in some stocks, 98 to 90% of the trading was being done by computers. So Jesus, what the hell is going on here? So it did more and more research. And I thought back to the early 2000s when I actually trained people that were programmers or not to talk about who they were programmers for, but they were interested in programming some of my stuff so that they could augment the trade. I told them, you know, it's not going to work because, you know, there are variations that require understanding of the market. I told them we could program them. He said they were going to give it a try. I said, Joe, you know, and I didn't see the results of this. And then, of course, March of 2009 comes around, the market changes. Now, maybe gross marketing is going to change, but the intraday in particular and the ability to get fields is entirely changed. And of course, yes. Time is up, my friend. We'll have you on next week, okay? 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