 The following 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. Well, welcome to the offices of Duke and Duke 100 South Broad Street Philadelphia, Pennsylvania boys and girls I wanted to thank the few views that remembered that the old folks there at the gospel mission there in Tucson Always have a little Christmas rush and they were kind enough to send me a few shekels and we were able to buy several dozen pairs of Quite a few dozens of socks and also some Underwear you believe it or not folks underwears is not donated if you can hard find that hard to believe have an interesting story to tell you about this Gospel mission that we have here in Tucson. We have a gentleman who lives part of the time in the US and part of the time in Mexico he's a Mexican heritage and He's in his 90s now and what he did was our holiday in on the south side of town because the jewelry show had been changed Decided to close down They tried to put it into a nursing home, but that fell through it So he bought this holiday in for a very good price and he turned it in the Gospel mission in and he brings in it doesn't make any difference whether you're From any country or not as long as you're homeless. This is what they use It's 200 in some rooms and he not only that he donated the building But he also supports that he gave him he gives him money every month in order to keep it running in it It really it probably has 500 people in it And it there's a waiting line to get in it, of course, but you talk about a fellow that's giving back I think that's something that is Really good. His mother told him that he can't take it with him. So by golly. He's gonna spend it while he's here All right, let's take a look at the German Dax you can see here We had a nice run-up still going up with the rest of the markets very positive bias here during the holiday season December January, of course, and we have the January effect that comes in Where the small cap stocks are usually growing on the large cap stocks will be watching that one very closely I had a very interesting email over the weekend here from a gentleman and He mentioned he said, you know, he said a few months back. You said if the S&P ever got to this price You would retire and he asked me did we reach that price? My answer I laugh caught me so much by surprise. I said well, I know for one thing It's went way above that price the answer was You know about the retiring part frankly folks I if I retired I would probably go Waco I mean, I mean it takes me a while to do the show and stuff Which I like to do because I have so many friends and I guess you know a little bit of good feedback some bad feedback But you know, it's still fun to be on and I get the the opportunity to come into the Tigers Dan and see what's going on and share some Ideas and they give me more ideas than I give him and so it it's one or the other So that's the real reason I have never had In any idea of retiring I could have retired. I think you know a long time ago if I wanted but I would know what to do I don't like golf even though I'm a two-handicapper. I'm my only two my only handicap is driving and putting Even when I do the you know the miniature golf the only the only hole I have trouble with is the one with the windmill otherwise. I shoot about a hundred and forty on those nine little holes Anyway, let's get back to the markets here, but We'll see here what we move on to the next one here a couple quick I'll answer some of these questions the other question that was posed is why do I? Keep diddling around in astrology even though I say I've not found the the holy grail And the answer to that is I don't know if there is a holy grail out there if it is it is probably Astrological, but I don't know if we'll ever find it You don't need to have the holy grail in order to make a living in these markets folks You just need a very small edge That's really all you need and once you have that edge, you know, you've got something that is You know really really worthwhile and that's all we're doing with patterns whether they're a bcd's the butterflies the Gartley's The the three drive to a top three dive to a bottom the one three five patterns all those ours are mathematical edges That's all they are nothing more there They have some predictive value, but it is short term. It is a Marshal's posting in their geometry It is a combination of geometry and the numbers of sacred geometry Which are the Fibonacci summation sequences and the numbers one two three four and five and The square roots and reciprocals of those numbers So you've got you know, you got a whole bunch of numbers You got about 36 numbers in there that you got to try to find out which one is going to work And that's what you're doing with the patterns is to match the ratios with the patterns remember that Einstein said before God was numbers and mathematics comes before geometry, but remember He was a very smart man, but these probably had a lot of people that disagreed with him on that But you know, that's the everybody disagrees with something. That's for sure. I wanted to share Got a couple more questions, but I wanted to share a really interesting chart that David White sent to me this morning And I think it I think you'll have a really and there's one other one here that I want to show you too You'll see here get this up here so we can see it. Hope it's going to be clear enough This is the put-call ratio for the S&P 500s that are out of the money We'll get this up here and take a look at it and you can see that we are definitely rising up in this area We haven't reached, you know massive levels yet, but we're getting very very close David would keep us informed on here if we get it now Folks I I was bearish the S&P the last time was at 31 55 and from that level we went down to 3070 dropped about 75 handles and then we went up and made a new high once once we made that new high above 31 55 You know, there was no way that I could possibly It'll be be bearish and the reason why was I mean exceeded every single number that we had 31 55 was the last one That was there so there's nothing else I can do now I'm watching short-term patterns to see if I can find something on a shorter term pattern I'll certainly do that one, but on a larger term pattern, you know, I can't really do that But that's it the British pound that was totally different it went right up to that number We were looking at and it's dropped 300 pips and you know, it's still it's still moving down You know rather rather nicely. Let's just get up here and take a quick look at it here Here we're starting to follow it down now In the British pound, let's get this up and we'll be able to take a quick hander at it Oh, that didn't work well. Hold on a second here You'll see here that the last rallies we had we had a 50% rally back on December the 16th We had a 382 rally last night and that tells us we're almost there as a matter of fact down to that 31 10 And if we break that then we're going to break 30 35 and we'll see what's happening But we're hanging in there to see if we're going to get a larger move than we've already had which so far It's pretty good, but that's neither here nor there do one thing at a time But those are the ones that we're watching now if you have any questions today It's eight seven seven nine two seven six six four eight on thursday We are going to have Tim bossed as our guest on friday. I'm hoping to have tom who guard he's still on holiday But I chatted with him over the weekend. He's going to try to be in here On friday and if we have any luck at all, we're going to try to get uh, Mr. Stan Harley of the harley stock market letter to come on because he's been extremely bullish and the market keeps going in His favor and we should look at the materials that he's looking at if we can get stan on the line So it's eight seven seven nine two seven six six four eight If you're not currently using the taz profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon the taz profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks etfs commodity futures and forex Heated by steve doll taz understands that in today's technological world the use of top flight software Applications and technical analysis expertise is essential to successful trading in today's market You also gain access to the webinar that steve doll and tom o'brian just hosted The best way to use the taz profile scanner to profit this webinar archive is available for all subscribers Immediately upon signing up all new subscriptions also come with a 30 day money back guarantee So you have nothing to risk start your subscription by visiting the front page of tfnn.com today And you'll find the taz profile scanner under the services tab sign up today Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clearwater markets tiger real estate LLC is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow Investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call tiger real estate LLC today at 727 329 83 22 or email us at tiger at tfnn.com that's 727 329 83 22 call us today 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 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 or 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 home page with a much simpler navigation Whether you're watching tiger tv live in high definition or just accessing your newsletter subscriptions We even have new pricing in six months and yearly options Check out the new tfnn.com now and experience all the upgrades tfnn.com educating investors Call now toll free at 1 877 927 6648 internationally at 727 873 7618 Okay, we got a question here from david white, uh, mr. Google himself Our walking encyclopedia here at tfnn and he asked are we talking about any euphoric markets And the apocalyptic stories of joe kennedy shoeshine guy giving him stock tips in august of 1929 So he sold everything listen folks Mr. Joe kennedy was soedly tied to the federal reserve with both with both hands So he knew what was going on there So he sold everything and is there anything like that euphoria? You know, I don't know about that. I I really don't I'm just looking at price action Remember now, you know our stock volume is down way a lot But remember a lot of this stuff is etf related and you know, uh, what's his name? Warren Buffett said that the etfs were weapons of master suction I he might be proved true in the future All I'm doing is is looking at the patterns David because I really I don't understand it I watched uh, I love to watch basil Chapman because he follows the stuff and he watches the skyscraper index and All the other things We are seeing certain signs of slowdown downs that is not being seen in the stock market and that that same thing happened In 1929 folks in 1929 stop and think of it. We we topped in the stock market at 380 383 in the dow Jones On september the third 1929 we were entering an era era Not nothing like we've ever seen before, you know the inventions we were talking about with the telephone the radio The the electricity people having electricity in their homes for for washers and dryers and refrigerators and stuff like that And and we had 2000 believe it or not folks or 2000 auto companies across the country So, you know and then, you know the the market went down from 383 all the way down to 32 in july of 1932 And for the next I think it was 27 years. It was up and Yeah, it was 27 years before we took out that high of uh, you know 19 29 and of course it never looked back. We went from 32 to 28,000 So if you look at that, I mean, I you know, I don't know all I I will tell you this I'm going to give you my two cents worth here. This is from this is from an old cowboy out in Tucson, Arizona That's done a lot seen a lot been there done that and all I can tell you here I don't follow any cinnamon indicators that have made any sense to me. You know, I look at the different ones I'm a bar chart guy david I look I look at the charts it tells me whether they're buying or selling how much I have to risk at that point I'm wrong a lot right a lot, you know, all I try to do is to you know Risk when I do get in I don't risk very much, but I I do bliss very sincerely folks Whenever this top is in whenever it comes and I'm not sure when it's going to come But when when it does come this is going to be the one to take the millennials that are raising hell and complaining about everything You know, they go in and I'm not going to get into that But you know, these are the folks that are going to have to To decide what's going to happen to our economy later on down the road because we're going to be looking at something A heck of a lot worse than a recession That's the way I look at it. I you know, we haven't had one of the big D's In 70 what 80 and 80 some years, but that's it. So stay long and stay long until it's over. That's basically That's it and these entitlements, you know, I'm you know We'll see what's going to happen with it and when you see what's going on political Where the republican party is fighting fighting against the democratic party and the democrats want to give everything away And take and take everything from the rich or not everything but take most of the rich and And let them decide who's going to use it. Well, we already know how that works. How well have they done with the Post office? Hmm. Not too good. How how well have they done with social security? Not too good. You can go down the line But uh, anyway, that's neither here. Well, okay, wait a minute. Larry's getting off his soap box and move on To the next one. I wanted to share a couple of charts that some of our friends sent to us Here's one that we're looking at that. We've been quite quite constructive on and has had a nice move I just want to show you today because here's there's our natural gas as of yesterday and those of you that follow Of natural gas, you would be looking for an equal move down Between december 12th and 13th. They had a one day drop. We went from 235 down to 255. That's 20 handles $2,000 And oh, excuse me. That's $1,000. Yeah, 235 to 225 and if you look at the top here We had a top you see the beautiful abcd pattern three drive to a top pattern one point Well roughly almost exactly 1.27 abcd And so you would expect the same move down between december 12th as you did december 13th That would put your low in at 228 50 The low today in the natural gas as far as 228 20 and it's already rallied to 500 dollars from that point So that's what you're trying to do when you're looking at patterns is to predict what happened in the past And move it out into the future because nothing there's nothing new under the sun in these markets folks They repeat over and over again, and that's uh The main thing of what we're watching now. There's been some talk about the copper I posted in the newsletter this week that there was a lot of resistance in the copper at the Around the 280 282 level. I believe I don't know where copper is trading right now But it looks like there should be some correction in here In the copper. We're still looking for corrections coming In both the gold and the silver and the platinum And we'd like to see one more pullback to get along I think there's a really good probability of gold if it can hold this last low that we made it for 40 1448 It's got a really good chance. See there. Thank you marshal for posting the copper I mean here it is 281. It hasn't even backed off at all. It's still right near the high So it's still telling you that it might have more to the upside But there's some strong resistance in the copper at the 280 281 282 level Let's just get in and take a quick look at that so that we're able to So that we're able to see it hold on one second here. I gotta just takes me a second to get it up here We'll take a look at it Here we go get this up here and you'll be able to see that we still have A possibility here that the copper could go a tad higher all the way up That would be a big abcd up there at that 286 level so we could easily get to that So that's that has potential to go a little bit higher. Remember dr. Copper used to be trading about four bucks A pound not too long ago. So now it's uh, you know quite a bit lower than that But it follows the patterns, you know really nicely So that's another one that we that we want to keep a close eye on eight eight seven seven Nine two seven six six four eight if you have any questions I wanted to post a couple of charts here from some of our listeners that look really interesting One of which I I don't follow the bolinger bands very much But one of our listeners here really does and does a super job at it and he's saying to You know keep a close eye on these bolinger bands as you can see The dow Jones just uh, excuse me, that's the s&p just went above it here And once it comes back into it, it would probably be a sale because you know, it's been hugging that line for quite a bit And the breakout has come so the key level in the s&p For me is at 13 13 the old magical trust guy decophobia 13 13 fear the number 13 That's what's interesting from my perspective of looking at the s&p 500 those of you to get the newsletter 24 7 I sent out the chart on that and why it was important So, you know sort of pay attention to it because you know these numbers don't work all the time But when they do, you know, they work really good Now I want to share Another chart from one of our guests last week bill Chapman from trend reaction But we're going to do that When we come back from the break 8 7 7 9 2 7 6 6 4 8 Larry Pezzavento has just started his brand new service Fibonacci 24 7 And he's already delivering content to his subscribers on a daily basis when the markets opened And even on weekends each Monday you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out And throughout the week when warranted Larry will send out via charts or videos or both The key markets that he is watching during the day This will be up to the date active trading information that will help you in your daily trading in Larry's first week alone He sent out 25 charts 6 videos and a full report to his subscribers in just one week If you're a technical trader that uses patterns and retracements to trade Then Larry's service Fibonacci 24 7 is something that you must try Right now new subscribers can get a full 30 day money back guarantee With nothing to risk sign up now to Larry Pezzavento's Fibonacci 24 7 By visiting the front page of TFNN.com under trading newsletters The path of least resistance is David White's daily trading newsletter And if you're looking for active trading ideas Then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas Each morning in his path of least resistance newsletter Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information With intraday afternoon updates when warranted Don't miss out on this great chance to get a 30 day free trial to David's daily newsletter The path of least resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently And if you'd like to see the type of newsletter he delivers every morning Then visit the front page of TFNN And you'll find the path of least resistance under trading newsletters For all the details and to start your 30 day free trial today Log on to TFNN.com now TFNN is excited about our new software charting program The Art of Timing the Trade Chart In collaboration with Tom O'Brien and using his best selling book The Art of Timing the Trade Your Ultimate Trading Mastery System David White has programmed an outstanding piece of software That will complement any trader's methodology Using this first of its kind program The Art of Timing the Trade Charts Allows you to scan thousands of stocks for Fibonacci formation setups Including Gartley's, ABC's, Butterflies and much more The Art of Timing the Trade Charts Is designed to help you when scouring the markets for stocks Just beginning to form the trading patterns That many investors spend days, weeks or even months searching to find And right now we're offering licenses available at only $79 a month We are so confident that you're gonna 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 I think we have Bill Chapman on the line Bill are you there? Yes I am, good morning Larry, how are you? Good morning, listen I posted the chart that you sent in on the Basically looks like a lows in the morning or high volume in the morning and high volume You want to discuss what you're looking at there? Because we always look at what we call amateur hour here The first hour, hour and a half in the stock market Could you explain to the folks what you're looking at here? Sure what I'm looking at basically is what happened on December 6th Where we have a reverse cup And normally in this situation what I was looking at yesterday Was a market that would be trending higher throughout the day However we only got as high as the 3202 and not the 3206 that was anticipated And then we had an entire day of distribution within the marketplace So going forward what I'm expecting as you know within a reverse cup It is indicative of a possible down move in the marketplace And back down to a level of support and there's no really no better time Because we are in options expiration Then to fill that gap that was opened yesterday Over the next couple of days if at all But the one thing you really don't want to do is fight the Fed Because they've promised to insert half a trillion dollars into the market between now And the end of the year But we may get one of these opportunities like they had in the old seven up ads The pause that refreshes So in order to get some balance within the options right now We may have in today's action a little bit of a sell-off But it's hard to call especially when you have a Fed That is feeding an immeasurable amount of liquidity into the marketplace Okay, that's great. Well listen we appreciate you calling in and explaining it to us Because you know I was looking at the you know I always look at the first hour and a half And the last hour is very important and seeing this chart like this It really depicts it quite easily But thanks for your input and we're going to have you back on As a guest anytime you feel like you need to call in you know call in And we'll be happy to chat with you because You've got some good interest here in your trend reaction service So tell the folks how they can reach you Bill if they need to reach you My website is wwwtrendreaction.com And you can sign up for a five-day free trial It's a letter I send out every day by a PDF Have you print it you want it in your hand during the trading day As a reference because it's your roadmap to the market during the trading day Well listen, thanks for calling in and we want to wish you a very very happy holidays and a merry Christmas And we'll have you on probably before New Year's but New Year's anyway. Happy holidays to you my friend Thank you very much Larry same to you Okay, thank you folks that you bet bill Chapman of trend reaction. I believe we have another call House telling me the board is lit up like never before He said it's almost like Christmas tree lighting at the White House We have a caller in from massachusetts. I believe it's mark mark. Are you there? Yeah How are you my friend? What can I do for you now? You want your long silver? I'm long. I'm long silver And from what prices are you long what are you have profits in it loss? Where do you stand? Yeah, I'm in at 16 And it's that oh well you're you're in good place. You're in good play. Let's take a quick look here for you This is the daily chart of silver and as you can see here We're trading a little above 17 in the silver right now. I like the long side of silver Mark, I'm not sure whether it's going to get down to the level that I'd like to buy that which is 16 13 But if you're long at 16, I think you're I think you're going to be okay there I like that. I would mention that if it gets above 18, I'd probably buy more There's Okay, so would you sell it to top your position so that your delta neutral in other words zero cost? Oh, you know, that's that's usually a good It that's usually a good thing to protect yourself Yeah, especially because you've got a pretty good profit in that right now I would certainly do that and that to protect it because then if it does go down You'll have more buying power But the one thing you don't want to do is to add to the losing position So I would I would suggest putting your stop at break even and if it gets down to that 16 39 level You know, you could you know look to buy it back again But the only thing that troubles me here mark is the fact that all the factors should be making gold and silver go higher You know, we got copper moving up. We've got palladium going crazy. We got platinum going up And yet the gold and silver are lagging and I hear stories all the time about them You know the controlled market by JP Morgan I don't believe any of that stuff But if if we could just get one really good day in gold and silver we could get gold above 1500 bucks an ounce And silver above 1750 I think that market could fly because there's a lot of people like me I think it's going to go a lot higher that would help the buying along. So that's my two cents worth Thank you so much. I really appreciate it. Well, thank you for calling in We appreciate you calling in as a guest and calling in any time and happy holidays to you and your family Merry Christmas Thank you very much And and if you're Jewish shenata va, which means a happy new year Okay Yeah, that's for sure All right, let's you know since we're talking about that folks. I I will tell you this The holiday season for me is very very special because when I worked at Drexel Burnham During from 80 from 76 to 82. It was a tremendous time during December We the business went from about 100 percent down to about 50 percent because The Drexel Burnham people were extremely generous Not just to the employees but to the community as far as supporting Charities and things it was really amazing and you were you were expected To give a five percent of your salary As a bonus at the end of the year And you know five percent doesn't sound very much until you get to the end of the year And if you've been making some pretty good money, you know, that was a big figure But it was a big figure on a small figure on a big figure. So it really didn't make very much but It was really amazing how philanthropic they were and and mike milkin continued that On also because when he first started with Drexel, I believe he started in 71 And they instilled that your Drexel Burnham was basically It's an old Rothschild company And it was put together through a lot of the employees from Reynolds and company and smith Barney And oh my gosh, I think The old maryl Lynch companies, I mean pain webber I mean a lot of these brokers, you know migrated to Drexel because it was a boutique firm there And you know mean that you had really high level clients and you could just literally You know do whatever those clients needed to to make them happy and make money So it was really an incredible time during the season We had a giant Christmas tree even though that there were 32 brokers on the ground floor and 28 of those were Jewish There were three rabbis in the group there that you know worked as rabbis part time And they worked at the the city jail And they would hire choirs and stuff to go down and sing and you know and have Christmas parties for the prisoners And they would go to the orphanages and stuff and it was really incredible the amount of Philanthropical stuff they did And that's where my kids got that's where my kids got involved with that stuff when they were little and they just couldn't believe You know how much good they did and that was really a lot of fun to see that So we'll come back here and Santa will get the sleigh and his reindeer ready and we'll be right back eight seven seven nine two seven six six four eight 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. 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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 If you're a trader in the market looking for exposure to gold or gold mining equities Then now is a perfect time to sign up for tom o'brien's gold report the summer is over Gold is trading back above 1500 dollars and the 10-year treasury is hovering at around 1.5 percent Tom o'brien has been writing his weekly gold report for almost 18 years There's no one that knows more about how the gold market trades and how gold mining equities react New subscribers get a 30-day money back guarantee. So you have nothing to lose every monday morning Tom publishes his weekly gold report with coverage of gold, silver, bonds, the xau, hui, gdx, the dollar As well as more than 30 different mining equities as of september 3rd Gold report subscribers have five active open positions with an average unrealized profit of almost 38% for each position To see for yourself the types of profitable trades that are recommended within the gold report sign up today by visiting tfnn.com Will the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spxs Directions daily s&p 500 bull and bear Leveraged ETFs Direction leveraged ETFs an investor should carefully consider a fund's investment objective risks charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares To obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com A fund's prospectus and summary prospectus should be read carefully before investing An investment in the funds is subject to risk including the possible loss of principal The funds are designed to be utilized only by sophisticated investors such as traders and active investors Distributor for side fund services LLC The bull bear trading hour with Tom and Tommy O'Brien next Okay, folks, we're back and we are Taking a look at the little piggies the little hog market here as you can see here. We've held that 72 level We rallied five cents Up to 77 a nice rally finally If you're in that trade, I would put your stop back to 72 break even so that you don't have to lose anything That's the main thing. It's got a nice profit of over $1,500 in it right now But it's got a chance to go a little bit higher another way is to you know, use a like a two cent trailing stop every time it moves two cents You know raise your stop by a point that way you're going to protect something no matter what it's always a good idea So they are moving in the right direction. Finally, we did make that 78 cent level Excuse me 72 cent level, which was a 78 percent level tested it twice And now we're coming off relatively nicely. So that's uh, that's the way you like to see it When it makes that test and and holds that's very important Now we've had a nice question coming in about the old Japanese yen us dollar from our good friend up there in washington Marshall and his lovely bride lin will get this up here. Happy holidays to you folks We'll look forward to seeing you in a few months Really the highlight of april for sarah and i is when marshal and lin come down to visit us Here is the japanese yen You'll notice folks the first thing that jumps out on this dollar yen Is if you look at the low down in november and you look at the high up in january and you look at the low down in march So you've got an a b C and d where does it measure to by the bing by the boom right there at the 1.27 abcd completion at 96 We drop all the way down to 91 You can see the abcd pattern right there and we've gone sideways Here's an example looking exactly like the hog market We've come down and we've tested the 91 30 level Twice now we're trading at 91 80 as long as we can stay above 91 30 in that japanese yen It looks like we've got a chance uh for it to uh to move higher now The 64 dollar question is whether it's going to do that or not. Nobody knows the answer to that So try to keep and keep that in mind. It's only patterns folks There's a question here the water Oh, uh, someone called in to cost west. Oh west texas crude. You bet you I'll be happy to do that Thank you marshal for calling in we were talking about you just the other day And I want to wish you and lin a very merry christmas and holiday along with everybody else at tfn But we'll be doing that over the next few days here Let's take a quick look at the west texas crude because as we speak in west texas crude It is dancing to the tune of harmony. Let's get this up here So that we can take a quick look at it because this was one that We were looking at very very closely up in here today And we're right here. Oh my goodness. Look where we are. Let's get this up here So we'll be able to see it for our good friend war up in warner robbins georgia You'll notice here folks the 78 percent level actually that is that that 78 percent level is incorrect It's not 60 30. It's 60 64 is the actual 78 percent level on that move. I I miss type that when I put it in Well, it's 60 It's 60.65 is the exact number that we're looking at but at 60 30 is pretty close But that's what that completes that abcd double abcd And we also if it gets above much above 61 This thing could you know, you could see a move easily You know back above 66 or 67 But right now it's right at the proverbial moment of truth as we set that through I hope that the gentleman will over in warner robbins georgia is not Using his cell phone while he's in the car because that's very very dangerous. That's one thing that I could never I could never do that. But anyway, we'll see See what's happened. Anyway, let's move on to a few other things if you have that's pretty good We have some questions coming in makes my job a tiny bit easier. All right. I want to cover a couple other ones that look interesting We did we did cover the silver market. Let's Here's one that we've been watching to go lower This is the bitcoin and it certainly does look like it's going to go lower I remember folks we went from just a few pennies all the way up to 19 000 had a rally back to 14 000 which was almost a perfect 61 percent retracement Now we're back almost well. We are below 7 000 now It looks like we're heading down to a three drive pattern somewhere around $5 000 now It's not about cryptocurrencies folks. It's about Blockchain technology and that's what's really going on We'll see it. What's amazing to me is that my eight-year-old grandson took my phone and actually Wanted to watch something and I thought he wanted to watch it on the phone But he hooked my phone up to the to the big screen TV and it was just amazing. There was my telephone acting as a conduit to the to the to the Home alone movie and I was I didn't know stuff like that could happen, but that's neither here nor there I wanted to show a show a show a cool chart here On the gold market folks comes from one of our friends across the pond And then I want to show you a little story here You'll you'll see here. This is the you can see the The the really importance of that 14 46 now you see how we're looking at that three drive It's that that's a three drive to a top pattern at 14 93 All we have to do folks is get this about 14 93 And we'll be looking at some really strong moves to the downside Remember that market topped, you know way back in september And here we are now in december. So we've been down, you know 10 weeks and that's about all you get if it's a real real bull market And then look look at to go higher. I'm not involved in gold right now I want to be a buyer right now. I I favor the short side, but that's what I'd look at I want to share a story with you folks. I got this this morning from someone sent it to me I'm going to let you read it. It was a email from one of our folks that went to london And uh, I'll let you read this up here And it's to me and tom hugard It says a fella sleep around 11 p.m. And got up at 3 a.m. To check my trades in the dow gold British pound I got all of them and made a $250 profit I made most of the profit in the British pound Now your crude oil chart followed really well. I think gold is bullish and the British pound may be two Last tuesday and friday. I had 27 trades and only two losses. That's 13 trades in one days That's a lot. I risked $200 thursday morning and built this to $2,000 after the close on friday I did this in nand and nadex, which doesn't always have good spreads I want to thank you for a better trading along with trader tom I only trade with a volatility and a with a tweet and can destroy you in an instant and never trade use I only follow reports before entering my trade So just want to show you that somebody was doing something small Basically what he was doing he was pressing the You know the good trades and that's what tom teaches and it certainly did pretty good. I do not know anything about nadex I don't know what you folks do. I know that they they did something with nadex here for a while But I don't know if it's a big market or anything. I know nothing about it, but I know it has tremendous leverage and also tremendous volatility, which Works both ways. It's a it's a knife that's sharpened sharpened on both sides Wow 9 50 in the morning time for the last break of the day. We'll be back up and review some of these things. So We'll be right back after we take this next break, but if you have any questions, it's eight seven seven nine two seven six six four eight I think so. I hope I hope I get my timing straight here. We got any more time left, but See if there's any other questions that we want to cover We got one other thing that we need to cover and that is the gold market. We'll get that up while we're watching right now You can see here. This is why I'm bullish the gold. You'll be able to take a quick look at it 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 and p 500 for the last 12 Six and three months timer digest also ranks 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 tfnn.com and get immediate access to workshops Where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today If you haven't checked out the newsletters page of tfnn.com What are you waiting for all of the tfnn newsletters are informative up-to-date Affordable and a must-have for every trader looking to gain a competitive Informational edge in today's markets tfnn newsletters cover every aspect of the markets to offer you the very latest in market news Plus new subscribers get to test drive our newsletters risk-free for 30 days From all aspects of the markets including stocks bonds metals commodities and tech There's a newsletter to fit your needs exclusively from tfnn Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game Visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors Since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion While originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Later basil found that computer software which included the standard market technical indicators Enhanced the degree of accuracy 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 Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter Right now you can get a two week free trial to the opening call basil's daily trading newsletter by visiting the front page of tfnn.com Cancel at any time during that trial and pay absolutely nothing get your two week free trial to basil's newsletter the opening call today by visiting tfnn.com This segment is brought to you by think or swim For more information just click the think or swim banner on the front page of tfnn.com Okay, folks. I posted a chart of the British pound that's what it's been doing and I also wanted to follow through With this gold chart that our friend across the ponds sent us on a long-term basis. It really shows the importance of this 1500 level you can see The big abcd pattern that we have forming here that 1443 was spot on that was a 382 going way back And it was also a nice abcd. It was also a 78 percent retracement from The low that we had back in august. So that's why it's important The only negative part that I see is the fact that after a 382 like this usually the market Explodes to the upside but this one has gone sideways. That's the only thing that Absolutely keeps this from being extremely bullish, but anytime we get about 1500 that's going to re Tell us that all of this time that we've been here between 1443 and where we are today With higher three higher bottoms is nothing more than massive accumulation And it's going to be heading higher, you know quite a bit. You can see what happened after point a That's what you really like to see happen after a major point. We didn't get that it's going sideways So either the major point hasn't been reached to the downside yet or you know, we're going to explode higher above this level So I'm watching to see this I watch it constantly I send out videos every day on it because I I want to be nearest to the best price I can possibly get And right now it looks like you were trading around 1481 this morning So it hasn't really done anything the key levels for me would be 1495 on the upside and if we break below that 14 55 level that would tell us that you know, we're probably going to have another Move down to the downside It's lagging behind silver and gold are lagging behind platinum and palladium and copper But that's not unusual because these are each one of them is treated separately It's a totally different animal different players usually in 90 of the time So those are the things that we're looking at So I want to folks to tell you live every day in an attitude of gratitude Remember when the holiday season get those checks book out folks Open the wallets and help the folks that you see on the streets that have no place to sleep at night And whether they're begging or not they need something so help them out May god bless folks. See you tomorrow