 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. This is one of those days that I don't like to see. And that is because I'm having some technical difficulties with the old computers. They're asking me questions that I cannot answer. But I'll figure it out after the show is open. I posted a chart of the DAX. You can see we made that three drive to a top pattern a few days ago. That's a four hour chart, folks. I've been going down since we might be reaching a bottom down in this area. Very, very interesting. We're seeing pretty much the same pattern, of course. When we look at the footsie, we'll put this up and you'll see that's the same thing we're looking at in the footsie. So let's keep an eye on those as we move through these markets today. We got up to 431 yesterday in the gold. I didn't quite take out those old highs, but we sure did in silver. Folks, by the way, we have a special guest today at 9.30. Kevin Murphy, who worked with Bill Ehrman from Ehrmanometry down in Nashville, Tennessee for many years. Bill passed away about three years ago, I believe. And Kevin has picked up the torch and has done some of his work. He's going to be looking at that. And then tomorrow, wait, is today Wednesday or Thursday today? What is today's Thursday? Yeah, today's the wow. This is terrible. Forgetting the days of the week. I'm working too much. Kevin Murphy will be our guest today. Then Shane Smollion, the wolf trader, will be with us on Friday. I hope you enjoyed the guest we had yesterday. He seemed very well-informed. He's a regular on Fox Business News. So he must know what he's talking about. All right, we looked at those two things. Folks, the move in the gold and silver has been absolutely phenomenal. The key thing here is I'm really surprised that we just didn't go absolute wacko to the upside in the gold market. I'll put this up here and be able to see here that we went back and didn't quite. We went above the tiny bit above the 78% level. We hit 1430, I believe was a high. We're trading 1418, 1419 backed off a little bit from that level. But the key was, you know, the silver has really, really gotten legs, folks. It's exploded to the upside and makes it really interesting to see the thing unfold the way it is. Very, very interesting. I've got a whole bunch of stuff that I wanted to cover today. But the problem is it's fragmented over the whole broad section of what the market's doing. But frankly, I think the let's switch. So we have a question in Bitcoin. Let's just do that. Get this out of the way, because we've been talking about that for a few days, waiting for this guardly to unfold. And we went down almost to the exact area we were looking at. We got down to 9,000. We've already rallied about 900 points off of that level. So that should be it in the Bitcoin. Perfect A, B, C, D, 1.27, 786. Anything below 8400 would certainly negate that. This is a very nice guardly pattern. And it's an hourly chart, excuse me, a four-hour chart. So it goes way back into beginning of June to where we are right now. So it gives you a pretty good idea of what Bitcoin is doing on the pattern situation. The news that's coming out of Washington, I guess, has been negative to Libra. I guess that's the thing for Facebook. But nobody really understands its, I don't believe, so we'll see. There's no really big exchanges where Bitcoin is traded. There's all those little exchanges. That's a sort of a negative. But as John Jameson has told me, this is the wild, wild west. This is the internet squared, much like it was back in 1986, 87, when the internet was just being born. And then in the early 90s, you know, they showed us what it was doing. So we'll see what's wrong. You're right. The quotes and references that Dave White has in our room, Jimmy, is invaluable. David, we should take our hats off to you every day because of the quotes that you post. I don't know how you pull them up so fast. That's really what's really amazing. That quote that David just posted is from my good friend, Mark Douglas' book, Trading in the Zone. It says, anything can happen. You don't need to know what is going to happen next in order to make money. An edge is nothing more than an indicator of a higher probability of one thing happening over another. And every moment in the market is unique, for sure. Let me just, you know, folks, I mentioned to you that, you know, that John Jameson is going to come over here and spend a couple of months with me trading. I wanted to just show you the type of work that John does. This is a, I guess you call it a scatter diagram or a 3D diagram of what's going on. But this is the type of stuff. This is the 22, see that gold says 22 trading days of the month. It covers a period from 2004 to 2016. You notice the color change is in here. We're on the 15th, which was Monday. Do you see how those color changes gave gold a really strong bias? You know, I've had this for a while. I mean, I don't understand it, but, you know, I'm trying to buy gold yesterday, you know, and I missed it by, well, let's not go into that. But anyway, this is what this is showing you that it gives you bias of the market. He asks questions like if the market has been up seven days in a row and it's the middle of the month, how often has this happened? How does one use that data to trade? Well, Mr. Z, what you're doing for is you're waiting to see those lines going from red to green. That's basically telling you that the negativity that has been in the market has dissipated. That's what that's really trying to tell you. I don't understand all of it. He's going to share it with me, I hope. But that's just, it's really exciting to see some of it unfold. If you'll know, most of you that belong to 24-7 know that I was extremely bearish last Friday. And we sold the market right on the close. Right now, that looks like the smartest thing to do. But frankly, I'm not sure. We're only down about 40 handles. But we'll see if it continues lower. There was one of the things that I was looking at. Now the things that he's looking at have nothing to do with the astral things that are in the market. These are things that are related to just probabilities. Trade setups. Larry Williams taught me this many, many years ago. Folks, if the market has been up five days in a row, the probability of a correction is better than 80%. On the sixth day, it's about 85%. On the seventh day, it's about 85%. On the eighth day, it's 85%. But after the eighth day, there is no percentages because the market can go anywhere it wants. If you see a market up or down nine days, it's in a tremendous run and you don't want to stand in front of that. That's one of the reasons that Tom DeMarc uses his, I believe that's at 13, sequential 13 or whatever it is. Those are the types of things that he looks at. And DeMarc has several programmers. He lives up there in Scottsdale. And he has several programmers that just do that type of probability testing. That's really what it's all about. We're trying to add a little bit of common sense, a little bit of computer knowledge, a little bit of artificial intelligence to give us a little bit of an edge of what we think is happening. 877-927-6648. 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 task profile scanner under the Services tab. Sign up today. 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 $1,550 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. Many 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. We'll see you next time on 877-927-6648 internationally at 727-873-7618. Okay, folks, I want to share with you something from John Murphy. I don't know if you folks know John Murphy, you know, he wrote that book, the technical analysis of the futures markets many years ago. He's about, I think he's about six or seven years. I'm not even sure. I think he's about five years older than me. I'm not sure. He's been around forever. He's a really nice guy, a really good student of the market. And you really need to pay attention when he brings things to your attention. And this is one of the things I wanted to bring to your attention here. And this is the chart that he posts charts for stockcharts.com, which I do too occasionally, but I've been on tour with John a few times and I sure enjoy his work. He's alerting us to something that is happening. Now, Jones Industrial Rate Railroad Index. As you can see, it had this big gap down. You notice it made a triple top up there around that 25-20 level. Don't trade this index. Don't know anything about it. All I know is that it's a railroad index. And when you use a railroad, you're shipping good. So something is happening over here that deserves our attention. The fact that big gap down and, you know, really, really bad close is not very, very good. Well, let's look at the next one. This is one of the CSX. It's one of the largest of the railroad companies. And I want to get this to your attention so you can take a look at it. I'll show you my theory behind this. Look what we've done, folks. We have taken out the April lows. Can you believe that? We had it look at the top that was up there. One, two, three, four times. And just on Friday, folks, just on Friday, we had taken out the highs of the year at 80-23. Now we're trading at 71. Something has happened. Somebody has either canceled a big railroad order or the tracks are not working properly, but that's it. Now, one of the things that I was looking at a little bit differently, I don't trade any of those indexes. I'm bringing this to your attention because it just shows you, you know, some of the things that are looking at in the market. But look, here's what we were watching here in the Dow Jones Transportation here on Friday. Let's just get this up so we'll take a look. You'll notice here, here's the Dow Jones Transportation. You'll see you have a left shoulder way back there in February. You've got the high in April, and you had a 61% retracement finishing on Friday. And that was also the right shoulder, 10,655. And, you know, the transportation just literally came unglued. And that's a sign. This is not updated, of course. But that's what we're looking at here. It's very, very interesting to see. David White's telling us that CSX earnings yesterday were down bad, and that's what they were looking at, the poor forecast for revenue. Well, that's certainly anticipated there in that particular chart. But anyway, the head and shoulders pattern is alive and well in the Dow Jones Transportation. Those were two of the factors that I was looking at for the bearishness. Most of it was all based on patterns and probabilities that multiple numbers that we had in the E-mini S&P up there at 3017. I posted that, you know, half a dozen times throughout the last few days. We got up there and it went a little bit higher. 3023, I believe, was a high, and then it dropped a little bit. So we'll wait and see. Now, this has been a down week so far. It's only Thursday. The market's getting a little bit of a relief bounce. Very, very small. Watch these rallies, folks. It's going to be the fingerprint of what you're going to be looking at in coming weeks, and that's what you're trying to do with pattern recognition is to look at the, as the market starts to try to tell you something, you go back and you look and say, okay, it's been trying to tell me this before. What does it mean? When has this happened before and what should I expect in the future? That's what you're trying to do with pattern recognition is to get that little bit of an edge that can push you to the area where you don't have to worry about, you know, the different things that you hear in the news. This is all related to numbers. Nothing to do with the fundamentals or what the Senate is talking about. If you remember, I posted that chart without any particular numbers on it, you'll be able to see here just one second here. Oh, boy. Here we go. You'll see we were looking around at 3017 level is what we were looking at, and we had a really nice buy that was a week ago Thursday. A week ago today, folks, we were moving up to New Head. Hold it, we got a couple of questions here. Could you be poised to reverse strongly? Oh, yes, I do speak to Queen Elizabeth quite often. I handle her personal account. Not many people know that, but I do handle Queen Elizabeth's personal commodity account. I've been doing that for about 35 years. Folks, what I just said, I actually heard somebody say that. I mean, I actually heard somebody said that they trade Queen Elizabeth's private commodity account. That had to be, it was so ridiculous, I just shut up and didn't even bother to say anything. I didn't even know how to respond to it. I don't know if you folks know this, but most of the stuff over in London is on timeshare. The Queen owns all of London. I mean, well, it's all in the UK. Anyway, let's move on here to just a little bit. Mr. Z, I don't believe, no, it wasn't Hillary. No, it's not Hillary. I don't have any, I don't talk too much to her anymore. I'm waiting for her to change parties. Here, let's just, you know, I can't get the right chart out. The key for me in the British pound, Mr. Z, the first key was broken this morning when we went above 124.53. That was the first signal that there was a possibility that maybe this stuff is going to happen to the positive in the British pound. But right now I can't touch it. It's broken way below those numbers. The key numbers are 124.40. So I have to wait and see. I'm looking at this as nothing more than a snapback rally in the British pound. That's all I'm looking at. Now I want to go move along, take the train over to Germany here. And I want to talk a little bit about Deutsche Bank, a really great chart that was posted here. Let's get this over here. This is going back to, this was from business finance, going back to June of 2006 when Bitcoin was trading, excuse me, when Lehman, oh boy, Larry, when these technical difficulties happened, it really throws me off guard, folks. When Deutsche Bank was trading quite a bit higher up in the 80 area, what this chart is, it's a chart comparing Lehman Brothers to Deutsche Bank and look at how close it is. This correlation is better than 85%. The blue line of course is Deutsche Bank and you can see what happened to Lehman Brothers. So this is what it's saying. It's saying there's a possibility here that Lehman Brothers has been giving us a roadmap of what's happening to Deutsche Bank and I really believe that that's the case. If Deutsche Bank could ever get above 10, then I'd have to say, yes, it's got a chance but right now the profit potential for the target potential for Deutsche Bank is $3 a share. I do not believe that the German government is going to let that bank go under. That's their flagship. So they're having lots of problems. People, the rats are leaving the ship all the time so we'll see. We'll be able to take a look, I don't know. Anyway, we've got a break coming up here and we get back, we'll be talking with Kevin Murphy of Irminometry, a lot of memories with that folks so we'll see how that's going to work out. So let's keep an eye on these markets because they're going to be rocking and rolling quite a bit. We just had another new low made, I believe, or pretty close to be made in the crude oil market. Yes, we did, yeah. 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The Art of Timing the Trade Chart 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 we're talking with Kevin Murphy out of Nashville, Tennessee. Kevin, how are you doing? Oh, please, no more technical difficulties today. Thought we had Kevin on the line. Maybe we've lost him. Hopefully, I posted the first chart, so hopefully I'll just talk here until we see if we can get him on the line. Folks, I was looking at charts like this about six, seven years ago with Bill Ehrman down in Nashville. Kevin happened to be one of his students, and I followed this stuff for quite a bit because it related to the pyramids and the ratios of sacred geometry of which Mr. Ehrman really studied, and I went into it in great deal. My students from the U.K. actually spent a great deal of time with Bill Ehrman studying the probabilities of what he was looking at. So I'm certainly hope we get Kevin on the line here because this is very esoteric stuff. It's, okay, we're going to try to do... Kevin, are you there? Well, we're still not getting Kevin yet. Folks, this is just one of the technical difficulties that I'm having today. I lost data. Oh, there we go. Hello? Well, maybe down there in the south that... I don't know, it could be... We had a big monsoon here last night, and I'm talking about four inches of rain in a matter of... Well, there is really bad things going on here. I hear busy signals going on, so I don't know if we're going to have Kevin on the line or not, but these are the types of things that Bryce Gilmore had worked on using his wave trader. What I tried to do was to just narrow it down to look at just simple patterns and be able to see whether these patterns would give you some degree of predictability, and that's what I was doing at. What's Kevin's working on, just looking at some of these charts, is to show you the theory behind why some of these things work, and it's very, very good. Okay, we're going to have a couple questions for Kevin when we get back, one of which is going to be from several people in the book that Bill Herman wrote that never quite was delivered, so we're going to see what's going to get back into that level, but evidently, we've lost Kevin this morning, so we'll not worry about what happened there, so I don't know what else to do, so good old technical difficulties, and like I said before, this is what's happening. Kevin, are you there? I'm here, yes. Hey, finally, finally. Sonu has monsoons this time of the year, and we had a monster this morning. It shook the house, the rain was so heavy, but Kevin, we have a question from one, or actually from two people, is, you know, Bill was in the process of writing a book before he passed away. Is there any probability that you're going to follow through with a book on this? That's what the folks are asking me. I have to say no. There isn't. We had requested information from him, or actually, I think, subscribed to it, and I sent them all the information that I had, and they can email me if they want, I'll forward it to them, but basically it's a couple of documents that explain this, but there's no book to be coming to my knowledge, unless I do it. I don't have any plans to do it at this point. Yeah, writing a book is a labor of love, that's for sure. Kevin, the first chart you're showing, you're showing a lot of different triangles. You want to tell the folks about your relationship to Bill Ehrman and what you're looking at in this chart? Sure. Well, Bill and I started talking in the late 1990s, and I talked to him basically every day for about 20 years until he passed away, I guess, well, was it three years ago? Yes. So I know his work in detail, and I've also expanded on it, and what this chart shows is basically the present, and this is based on Bill Ehrman's day count, but there's a couple important things that Bill did, and what was the day count? The other is a concept called the balance point, and the balance point is simply the midpoint between two highs and two lows, for example in 2000, the Dow and S&P topped 48 days apart, so the balance point was 24 days between those two highs, 24 days after the Dow high and 24 days before the S&P, and as another example, in 2009 the markets bottomed in November of 2008 and March of 2009, those days were 70 market days of points, so the balance point is the middle point between those two. So, Bill typically used those close points because they're fairly relatively close to each other, but I started playing around with some of the numbers, and I just took a look at the lows of the Dow industrials 32 and 42, those two lows separated by 10 years, and I compared the balance point between those lows to the highs in 2000 and the lows in 2009, and I noticed that the mathematical ratio between those two were interesting. It was basically the square root of two, but the square root of two fell to the right of the decimal point in the calculation, so I'm simply taking the number 18063 which is the low of that balance point in the early part of last century to the 2009 low and dividing it by 15825 and the ratio I came up with was 1.14142 which is the square root of two. Oh, it sure is, wow. So that got me interested in playing around some more, so if we go to chart two You betcha. um So chart two is something I drew myself because I don't have enough data to show the entire market history on one screen, and even in chart one I had to take out some days just to make the chart clearer, but Bill had projections into the future with his data into, you know, next decade and the decade beyond that, and so what I did is I used another technique to go back into to study the market back into the 1800s um because there were some pretty clear panic and market highs and lows during the 1800s, almost like the silver panic of 1893, in other words the what's called the Grant Ward panic of 1884, there was another worldwide global panic in 1857. So what I did is I figured out a way to interpolate Bill's day count into those highs and lows that I just showed you the 18063 and the 15825 and I looked at the balance point between those lows when I used the lows of 32 in 1893 and 1884 and I was somewhat astounded when I saw very precise relationships to potential balance points that would be created in the future such as a high this year and a high that I see in the year 1923 and highs that I see further on out and when I did that the ratios were exact and that's what really got my attention so what it appears is that the balance point concept is basically kind of the clue that holds the markets together in the long-term picture and basically says that all of these long-term market relationships are actually balanced with each other and the key is the ratios to the right of the decimal point now I'm not disclosing those the one you saw was the square root of 2 but there are other ones such as like 1.1618 or 1.1382 or 1.1206 or 1.1236 those are typical Fibonacci ratios but when you apply those distances and you start looking at the bigger picture they all connect to each other and that's what this chart shows stay with us folks stay with us Kevin 877 9276648 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 10 years and pay no tax on the profits which makes these lots valuable 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 4 year cd in the country as of February 20th is 3.1% a $50,000 investment at a normal 4 year cd rate of 3.1% would give you income of $1,550 per year or $6,200 over the 4 year period that same $50,000 investment in the Tiger First mortgage program 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bear binary option hour next on TFNN folks we're back we're talking with Kevin Murphy out of Nashville, Tennessee Kevin studied with Bill Ehrman for many years are you still there Kevin Oh looks like we might have lost Kevin again son of a gun shut the front door and raise the rent we'll try to get him back I guess folks let's double check to see if I've even got any data let's see broadsword to Danny boy broadsword to Danny boy come in Danny boy the chicken is in the pot can anyone hear me no it doesn't looks like it well thank goodness we've lost Kevin however like to hopefully get him back if you could maybe you'll call back in again to see if we can get him because I really enjoy these charts they're different than what we usually see yes we do have a little bit of a problem today folks and I'm embarrassed to say that part of it has got to be my problem because of that monsoon that we had it knocked out my electricity and in fact is I didn't have anything for about a half an hour it came back on about five o'clock this morning but the rain was so hard that you literally you couldn't even hear yourself think I mean it was just I thought it was hail but it's just just really heavy rain anyway we'll get these things back and hopefully if we don't get Kevin on later today I'll have him on again because I really enjoy looking at some of these things and the numbers that Bill Irmond worked on were numbers right out of the sacred geometry and that goes back to Bryce Gilmore and I really believe you know Bryce really had a handle on you know how some of these things look at so I like to see what the predictions are so you know what I do as a trader folks I take a very very small segment of that take a snap snap shot at which is a Gartley a butterfly three drive whatever we're looking at and we'll see how we can get some of this stuff working here so what we'll do here is we're not going to worry about Kevin today we'll have him on next week or in the near future and I will put the charts up to let him see what it's looking at because here's what he's watching right now folks I think this is the one that most of he's wanted to see anyway if if I know anything this is that triple triangle you'll see that ABCD pattern that is there that's that five point reverse wave this is what we're looking at here he thinks that this is going to be happening I hadn't seen this chart before but whether it's going to unfold the way he's looking at it I'm not sure but it's starting to tell me that there's happening now when we were right before we were talking to Kevin we were talking about the transportation index that's all part of the Dow theory with Richard Russell of course he passed away and I'm not even sure if anybody carried the torch I'm sure they did because he had a had a huge following but that hidden shoulders pattern that we have in the transportation index and what we've seen in some of the railroad stocks is really telling us that there's some things the mood that the the goods must not be moving the goods should be moving that's what it appears to me now there's another segment of the market that is related to Lehman Brothers and that is that dollar excuse me the banking index folks I spent a great deal of time talking about it yesterday but for your homework first let's just put it up here to show you how the and then what I'd like for you to do just to hey we've hold on we got a caller from Detroit John are you there yes Larry I'm here how are you this morning a little under the weather with technical difficulties but under that I'm doing great what can I do for you my friend oh don't tell me we've lost you again boy I can hear you I can hear you now okay yes go ahead okay my question is this you know I used to trade a lot of silver and gold futures in the past and I used to deal with man financial and they went out of business and I went to options express and they got bought by Charles Schwab but I'm not happy with them as a broker could you recommend somebody that I might move my account over to to trade futures you know the two of the ones that is yeah the two that ones that are still around the old group is Rosenthal Collins and RJ O'Brien the O'Brien family still runs theirs and the Rosenthal Collins people were just bought out by a German firm but it's a high quality outfit so they've kept all the Rosenthal people there very good those are the two that I would think of Rosenthal Collins would be one and then RJ O'Brien would be the other one if you if you wanted to use one of the brokers there at Rosenthal Collins is Joe Mycic M-I-C-E-K the phone number there is 312-795-7557 just ask for Joe you'll tell him you know you talk to me he's done some business with me to pass a nice young man rates are good, service is good they use CQG for data so they're a good outfit RJ O'Brien is really good that's who Rich Anderson trades through and that's the O'Brien family so that's another one that's pretty good if you go to RJ O'Brien Mitch and Rich Anderson and they'll they should be able to treat you pretty good or hang up on you wanted to do I thank you for your sense of humor you really need a great day you have a great one and I thank you very much for the tip there I hope it works for you if you have any trouble give me a call I'll try to help you thanks for calling in John really appreciate it okay folks we're talking here a little bit in the room here about Walt Brestard's son who worked for a man financial that one hurt me really bad folks I got hurt really bad on that and we have Kevin back on the line yes I'm back on the line Kevin the problem is buddy we've lost we only got two minutes left and this is my problem we've had some reins here and the connection goes off and on can I have you on next week Kevin because we've already had requests to review this and I don't like to do it sporadically it's so very very interesting the last thing I did do is I posted that last chart that you have in showing the big ABCD could you discuss that for just a second and we've got just a couple of minutes and then I'll have you on next week could we do that yeah sure that's fine let's do that it appears the market's doing a large megaphone pattern and I think I called you Monday and said hey I'd like to come on your show because it looks like we were finishing point D and expanding triangle other technicians call it a megaphone so it looks like we're finishing point D up here it did this past week and we're in the early stages of undergoing wavy which should take roughly I would get somewhere around a year so after that we should be in another bull market leg up to the year 2023 that's essentially what this chart says so we're in a large megaphone pattern and then topping right here point D that's very interesting well I really respect your work are you going to do a newsletter or something to monetize this because you've got so much information people are willing to pay for your views you certainly should think about that I would think I hope you are anyway I've considered it I've been a retail broker and an institutional broker and a hedge fund manager I'm considering going back into the money management business rather than the newsletter business so I'm seriously looking at the retail or institutional brokerage or investment advisor side that's what I intend to do I kind of put the pieces together that I wanted to to get where I wanted to with the research I've done over the last few years and I kind of reached the point that I'm ready to do that so that's where I am right now okay that's great well if the folks want to reach you do you have an email that they can reach you if they had some questions yep it's on the chart right there it's kwmurphy at bellsouth.net and I'll be happy to forward him some charts and also forward him any you know data from Bill Urman that he left with me oh that's a wonderful I'm sure I can't do any more than that in fact I purchased those books as well and so I'll give it back to what I got with people thank you very much Kevin Kevin Murphy, Nashville, Tennessee thank you Kevin I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&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 home page of tfn.com and get immediate access to workshops where I take you step by step with the extraordinary set of tools as well as provide great market calls to sign up today if you haven't checked out the newsletters page of tfn.com what are you waiting for all of the tfn newsletters are informative up to date affordable and must have for every trader looking to gain a competitive informational edge in today's markets tfn 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 from all aspects of the markets including stocks, bonds, metals, commodities and tech there's a newsletter to fit your needs exclusively from tfn 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 tfn.com and click the newsletters button near the top of the page tfn.com educating investors since 1984 Bazel 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 Bazel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Bazel found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Bazel 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 Bazel's daily trading newsletter by visiting the front page of tfn.com cancel it anytime during that trial and pay absolutely nothing get your two week free trial to Bazel's newsletter the opening call today by visiting tfn.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 tfn.com okay folks we're back and I wanted to mention we've had a little bit of discussion here about the British pound possibly going down and cleaning out all those lows at 2440 we rallied 50 pips is all we rallied folks whoa whoa whoa we rallied more than that we rallied 100 pips didn't we yes we rallied 100 pips which is pretty good in the euro and if you look at it on a little 5 minute chart you'll be able to see all we did was make a ABCD pattern in fact we can see it probably real easy in fact this is a guardly pattern let's just put this up so the folks can look at it I'm doing it as fast as I can Al sorry buddy let's get this one up there's the you can see the ABCD pattern in the the British pound went up to 124.95 if we get above 125.80 folks that would tell us that there most probably was a major bottom down there they just washed everybody out on news like they often do but that's neither here nor there sugar contract folks we've really broken down badly in sugar we talked about the support at 12 and the support at 12 didn't stand up very long I mean it literally it really started to unglue itself very very early in the game so I wanted to bring this up to let you take a look at it because we went through it like it didn't even exist so that tells us that the sugar has not bottomed in here and we be able to see someone's asking me to leave that megaphone pattern in there and I will be happy to do that all I got to do is to get it up here one more time and I think we'll be okay I think I can do it anyway let me see that'll be the last thing I do here for this no matter when we get cut off the air here I will be able to bring this megaphone pattern up and if you don't get it just email me Larry Pesevento at gmail.com send you check in along with the email and I'll be happy to post this for you but let's get it at oh boy I love this there we go we're gonna be okay here God's on my side today as always so let's move on to the last one and here is the megaphone pattern boys and girls live every day in an attitude of gratitude and may God bless