 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 We're going to show a picture of the program that I'm gonna be on Wednesday October the 9th for stock charts The TV program that they have if you're interested you can check in if you listen to our program It's gonna be a repeat. I'm just gonna be talking about The big patterns that I see in the stock market in gold same stuff that I usually do here So but anyway, that's what's gonna be going on there. Frankly folks I wish I could talk about baseball all this hour because there's so many memories that we have as a As a family my daughter turn my youngest daughter turned 50 over the weekend and When I called her to wish her a happy birthday Dear Sarah oh Dear hold on a second here. I have to do that afterwards. Let me oh I really need to answer that phone, but I guess I'm not going to let's Anyway, I talked to my daughter and she was reminding us about how much fun we had as a family With the Dodgers traveling with them and we didn't travel with the team. We traveled, you know to the same cities and stuff It was really really something I Don't think so mark, but you never know you just never know Anyway, that's neither here nor there But we just had so much fun when Tommy John came to pitch for the Dodgers after he left the White Sox We had gone to Kameshki Park a lot of times to watch him play and we were we were very close to that to the John family This is his daughter was older His his oldest his oldest sister Marilyn was older She was a singer and his father worked for the telephone company and his mother was a housewife And she was a good friends of my mom and my mom taught her how to make pasta because they loved eating at my grandmother's restaurant So she taught him how to do that and from that we became friends over the years and he never changed any at all I mean he's just been pretty nice guy. He's he's three years younger than me Well, two and a half years younger than me, but he sure helped us when we were at the years at Drexel And the reason I'm bringing this all up. It was a story behind this believe it or not. I'm sitting here Friday in about 10 o'clock in the morning and I get a call and on my automatic thing that it tells who's calling it says Gibson Dunn Well, I knew what that was that was Gibson Dunn and crutcher that's the largest law firm the most prestigious law firm in the Western United States and I saw the number and I used to do I did about 10 or 15 Expert witness programs with them and I always did a good job So I thought maybe you want me to do that and I think I was out of their program after so many years But so I called back and I got to the secretary and says we have a We want someone wanted to speak one of the one of the managing partners I mean, this is one of the big guys that has you know 100 partners under him Wanted to speak to you and I said sure so I didn't know who it was So I get this on and he comes on and he says you don't remember me He said but I was 10 years old and my dad worked at Drexel Burnham Lambert And you got me to see the Dodgers and I went into the dugout and we saw Tommy La Sorda And all the guys and he said I just wanted to tell you how much that is and he says my dad is turning 95 And I would like for you to come over and celebrate his 95th birthday And I said wow, that's pretty good. I said I haven't talked to your dad in about 10 years He said well, he still talks about you and he still sits there and he counts his cougarans that he has From 1976 and 77 that he paid $250 for Anyway, it was nice. But this kid is now a managing director at Drexel at Gibson Dunn and Crutcher Let me tell you folks that is one prestigious firm. That's where Ronald Reagan had his account and Anyway, it's it was fun to remember some of these things. So that's a good part of this. All right, let's I want to go back to Hold on just a minute. I want to show one picture here because my daughter sent me this Because it was something that um, it was indigenous to the area where we live there in San Luis Obispo and Avila beach this these six a series of pictures with the pictures from the 19 34 35 depression folks. These are the most famous of all the ones in the encyclopedia for pictures for that era There's about a series about 12 of them. This is the woman and her children and stuff And uh, you know, that was basically You know what it was all about and we were we're talking about that area because those pictures were taking In this little town called Napomo, which is right near San Luis Obispo, which has the greatest steakhouse in the whole world period not not negotiable And uh, it was uh, we we talked about those days and also the baseball days and stuff It was we had so many great memories. I mean, oh my gosh Anyway, let's talk about the markets just a little bit What i'm going to be doing on the show for stock charts. I'm just going to be showing you I'm going to be doing this chart right here. This is one of the main ones I'll be doing and I'll be talking. Yeah. Well, this is a picture of history Maria, that's why there's a whole series of them. You ought to go in and google it The google, um, you know the depression 1930s that those pictures will come up. They're part of the Uh, the Getty images museum that he bought all that stuff Anyway, I'm going to be talking about this particular pattern and you know, what it looks like And I'm going to be talking a little bit about gold. I'm going to go back and show the folks You know, what happened in a year that people don't remember anymore Which was the dot-com bubble and there you'll see uh 2000 There was the dot-com bubble And uh, you know the market dropped to over 80% uh during that particular one whether that means these are just patterns, you know Sometimes they work, you know, sometimes they don't but uh when they do where I've got the other one in here Where is the other one shut the front? Oh, here's the o7. Let's get the o7 one up a little bit here Here's when Bernanke if you remember Bernanke came out in october and said all systems were gold All the lights were green for the economy If you don't believe it just go in and google it yourself and see what he was saying at that particular time So that was helicopter bin. Anyway, I'm going to go over those three charts and take a look at those and see what there's going on There's one there's one stock folks that we will follow here, but don't trade it It's it's in pretty pretty serious trouble right now And we've been talking about it here and that is the old bitcoin Let's get this up here so you can take a quick look at it You'll see here that we have broken down and we're still breaking down from what I understand That it's uh moving a little lower. That's not really a good picture For the the cryptocurrencies that doesn't affect I don't believe it affects the What do you call it the uh shut the front door the uh Blockchain stuff. I just think it affects the other thing. So let's uh, let's try to remember that doesn't mean a whole lot Now I I focused a lot of what we looked at last week, you know, we had that tremendous short covering rally Either one or two things was going to happen It was completing a big a bcd pattern up there or we were getting ready to You know break out into new high grounds now yesterday or friday with all that movement that we had There was a drop in open interest in the s&p and several the others I think the only index that was the small one which was the dow Jones I think it had about a break even Open interest all the other open interest for the nasdaq especially the the s&p Had a substantial drop in open interest. So that was short covering now That doesn't mean the new new shorts could be hammered again today But you just have to you know give it a little bit of space. We'll take it. We'll take a break here folks I'll try to stop mumbling and get on to the program 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 2500 global financial markets such as stocks etfs commodity futures and forex headed 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 homepage with a much simpler navigation Whether you're watching tiger tv live in high definition or just accessing your newsletter subscriptions We even have new pricing in six months and yearly options Check out the new tfnn.com now and experience all the upgrades tfnn.com educating investors Call now toll free at 1-877-927-6648 internationally at 727-873-7618 Caller from the home of wdgan west palm beach florida jiff. Are you there? I am larry. How are you? I'm still above ground staying away from open graves my friend. What can I do for you? Oh my goodness. Oh boy, you know, I haven't heard you for a while and You are you are a true treasurer. I love your stories and I know you I I think I heard you way back when talk about dr. Alan andrews and maybe roger batson Yes, uh-huh. She did. I yeah. Yeah. Um, are you a median line guy or is that just something that I know you Pretty much you're doing your own thing No, I I don't look at median lines anymore because it's part of the harmonic stuff of the market growing up and down I basically just look at the ratios The expansion and try to find little patterns that line up, you know The abcd's line up with the ratios and you know gives you a place to You know either be a buyer or seller, you know the little patterns that we look at head and shoulders three drive patterns Gartley's butterflies those that's really what I do. I no oscillators or anything like that You know, al is a heck of a lot more sophisticated With his fractals and things like that than I am because I try to keep it as Just as simple as possible And and you know, while they're you make it as simple for me I mean, I'm I can understand what you're talking about. It's you are really You are the best you really are. You're really giving back Um, and I do appreciate it and I think all the listeners do too Well, that's really nice now. We don't don't forget. I said, I wouldn't send you the $20 till after the show was over So make sure you give me your address, okay? You know what they said you promised 50, but that's okay. Don't worry. Well, that's One more thing before I let you go before you let me go. Can you look at, um, uh, october's crude? I'm uh, I'm long And um, I hope you're not long from 63 Um I'm long, um I'm looking for a nice move up to like 55 56 Oh, I think you could get that easily. I posted the chart for crude oil in here, jeff and we've got a beautiful Okay, beautiful triple bottom in there. Uh, it hit the 61 percent retracement, which was at 50 125 we got down to 50 95 one two three four times And now it's uh, it looks like it's on its way It started a little bit earlier lower last night on sunday and now it started to move a little bit higher But I think 55, uh, that could easily be made. That's just a 382 retracement So, uh, the one thing you want to watch is if it pops and you get a quick move to 55 That means it's going to go a lot higher, but if it takes two or three days to get there It's in big trouble. So, uh, that 55 Is a good, uh, a good spot to look at and below 51 you don't want to have anything to do with it No, I I yeah, I I think I I'm pretty I'm pretty tight on my uh Yeah, they they taught me well tim morgan the guys taught me well from cme and the uh those boys Good, I don't know if you remember tim Yes, sure I do. Yes a very famous person. You bet it's good Hey, she's still alive or what I haven't seen him down in miami forever at the golf course Well that I don't know I'm pretty sure he is though the last I heard that he was and I would have heard If he passed away because you know, I know who he is and stuff So he hasn't done I got a list of all the people that are dying I got more bigger list of dying than the ones are alive Oh, you're too funny Larry. Hey keep it up and god bless. God bless. Thank you very much Jeff And thank you for the kind words that makes my day. It really does. I really really appreciate it You're very welcome. Have a great one. Okay, you bet. Let's take a quick look here We had mike from up in candidate It wants us to take a look at the natural gas and if anybody's qualified to talk about natural gas It has to be me. Let's take a look at this. You'll see we had that big move up to the 270 area We had to move down We really thought it was going to hold at 32 level and it did for about three days And then boom down it came and went down to the 70 707 area We're down a little bit today, but that's a normal. We've had a two good two good days up So it should have really good support at 222 and even better support at 216 216 I would really be interested and look at this look at this very closely folks Look at 216 if you go over to the far left into june You'll see that the low in june on june the 20th was 216 if you get you get it down here in october At 216 you're going to have a perfect head and shoulders pattern at that point now What you'd like to see is you'd like to see two other little patterns on the daily or hourly chart You know also verifying that 216 is a really really important spot because then You have several factors that tell you that should be Really great support and if it goes below 213, you know, you're wrong So you can trade the natural gas contract It is the equivalent the old pork bellies because it moves so much without risking too much So the main thing is to watch how we're going to hold these lows Is natural gas still down on the day today? I it has a little bit of a bullish bias, but I saw that it was down earlier So I just assumed that it was probably going to be Moving a little bit lower, but we haven't I haven't checked it yet or not But that's what I'd be watching in the natural gas. I hope that helps Mike And I think that it's got a chance in here But the real key the real key level here is this past low that we made if we take that out We'll be looking at 216 and it like I mentioned that will be the head and shoulders pattern from the June low And that also would be something that would be You know very very important So we want to watch that as we go through another one that looks, you know, it looks real interesting here That deserves our attention is the soybean contract and let me get this up here Just to show you this because we've had a 230. Yeah, it's holding you see it's down quite a bit That's uh, that's down about six or seven cents from um that high we made so it needs to hold that Let's take a look here. You'll see the this is in November soybeans You'll notice that we're up in this area around 229 22 That's the 78 retracement That's that long term downtrend line That you can see from march through there and if you did all the work on that You'll see that we're pretty close to a 135 pattern if we can get the November beans above 925 Then you'll be looking at something that could be Could be moving pretty good. Yes. I see that it's down quite a bit here, but That was if you if you know if you did the short term work on the natural gas You'll see that when it made that high on friday It was a beautiful ABCD pattern on the hourly chart, you know measuring up to that point Someone's asked me the question, you know, how do I switch back and forth to these charts and Folks really when I when I start looking at the work that I do I start with the daily I quickly look at that and then I go down to a four hour chart Because on the four hour chart i'm able i'm able to see six weeks But i'm able to see the other small periods periods the other small patterns that are there And then from that I move down to the hourly And I you know see if they're still coming in with the numbers that i'm looking at and then I move down to a 15 minute And of course, I don't go any anything lower than the 15 minute very often But that tells me, you know the areas that i'm looking at You know for a spot to either be a buyer or seller So those are the the main things that i'm you know sort of keeping an eye on as I as I look at some of these Things here in the morning. So the one thing folks is the gold market Is still in a negative zone. I believe we've had one heck of a rally And let's just get the gold up here to take a quick look at it. We've got oh we've got the break coming up here No guests today Hopefully we'll have tim bossed on tomorrow and we've got the wizard himself will be coming on On wednesday, I believe I think we have no, I think he's on the 10th. I think norm winsky will be with us He'll will be with us on the 10th. So we'll be able to We'll be able to look at that. So anyway, let's uh, let's uh Talk about gold when we get back from the break. Okay, folks eight seven seven nine two seven six six four eight Larry pezzavento has just started his brand new service 24 seven and he's already delivering content to his subscribers on a daily basis when the market's 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 six 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's a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted Don't miss out on this great chance to get a 30 day free trial to david's daily newsletter The path of least resistance with no obligation to pay anything david has been delivering solid recommendations for his subscribers Recently and if you'd like to see the type of newsletter he delivers every morning Then visit the front page of tfnn and you'll find the path of least resistance under trading newsletters For all the details and to start your 30 day free trial today log on to tfnn.com now tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system david white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleaf 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 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 We're back folks and we're going to talk a little bit about the gold market and I posted the gold chart long-term weekly And I also posted the silver chart silvers acting weaker As you can still we have those abcd patterns still outstanding at 1660 Uh, I believe we might have a chance to get there I'm not sure but we'll have to wait and see if we take a look here at the At the gold market. Let me get this up here. Here's a perfect example of me looking at a four hour chart Let's just get this up and we'll take take a look at we had the big abcd Went exactly to the number 1465 the low was 1465 60 we were looking for 1470 Came within, you know, the actual Perfect number actually and then we had a nice rally. We went from 65 all the way up To 25 of course being 61 dollars The harmonic number in the gold is 32 two times 32 is 64 So it's very close. Now what we're doing is we're setting right over the 382 retracement at 1518 right now below that we made Back here. Uh, just the other day was Let's just make sure I get this correct in here so we can see it Was uh, oh, wow, we made a slightly lower low pay attention to gold right here folks because This might have been this might be a low here because we're right out of 382 retracement here In the gold. Uh, we're down from uh, 26 Down to uh, oh four. So we're down 22 dollars No help there as far as any harmonic number But the fact that we took out those lows by a little bit and didn't go anywhere I would frankly like to see the abcd structure come down to about 1495 to 1491 And then I would look at it because that's going to be interesting here Folks this this whole system of the gold and silver is based on this head and shoulders pattern that you see here That 14 that 1568 was a big number on the weekly chart as you remember This is a perfectly symmetrical head and shoulders pattern From your left shoulder to the head the head to the right shoulder spot on They were equal equal in price between the the right shoulder at 15 47 the right shoulder 15 47 comes right down abcd Rally's up almost exactly like the previous rally and now we're in the midst of we're going to find out where we're going to be here in the next Next few days because this is going to tell us if we're going to make another abcd Taking us down to 14 14 And I don't know if that's going to happen or not But we're at a critical level setting in here right about now Whether the gold's going to hold this level or not, you know remains to be seen But we will be watching it for sure to see if it uh, if it holds up at this level So that's the key The platinum has had a real interesting pattern In fact, it's starting to fail a little bit. Let's just get this up here So you folks can take a quick look at it and we'll get it up here And where is the there's the old platinum? Let's get this up here You notice that we're setting a major support here In the platinum also and anything below the In fact, I believe we're blowing I believe we are blowing already In the platinum so that's telling us that support might be might be failing and platinum is very thin folks compared to the You know volume It's a fraction of what it is in gold and you know silver's only one sixth of what the Of what the gold is so you can imagine how how thin the platinum is and palladium is even worse But as we mentioned in last week's letter our good friend jim bardo leoni from fee 50 partners They he thought that the high was going to be at 1668 in the Palladium it got to 1672 So we won't be listening to him anymore, but it's now down about 40 dollars from that level But pretty much spot on the exact price So we'll be watching it very very closely as we go through here People have asked me about the short covering rally that occurred on friday And it was short covering because the the open interest dropped during that rally Folks those happen for a whole lot of different reasons and they happen all the time All you have to do is just go look at an e s e s chart and you can see this happening all the time I mean that's uh They have these huge rallies and huge drops. I mean that's just part of Log trading and you know the other stuff that they do for automatic trading and you know and and I I know the feds out there doings do their thing But they do it in context with good technical analysis folks all of these charts that we look at here Every single one of them. I mean you could you could just basically look at abcds and ratios and proportions and It's not it doesn't seem to be very mysterious At least you know from my my sense of anyway All right, we'll take a look here at the notes and bonds as we came in here Interesting last night right on the opening the notes and bonds actually made a slightly higher high by one tick Then we were on friday and then of course they had a little bit of a sell-off is still quite early yet But that's uh, that's pretty much what was uh, which was happening And again, let me just bring this up because it's important Again, you're looking at the treasury bonds now on a daily chart and again during these last few days We've had a drop in open interest that means that the players are not in the restaurant So it's going to be hard to feed the bull is is near what they say from history But you know history is meant to be repeated and those that don't repeat it Or don't who was that said if those that don't read history are bound to repeat it Who wasn't said that that must have been somebody like uh, Will rogers or church Hill or somebody like that, but I don't remember I know david david white would know that so david who said that If you don't read history, you're bound to repeat it. I I know gray matter doesn't uh lead to this right now. So we'll watch that We've been asked to take a look at the australian dollar I want to bring this up here because we've got a really good pattern here in the australian dollar folks You notice that we have that three bottoms down there. It's a triple bottom much like we're seeing in crude oil We had a really nice move off of that 6680 level We rallied About uh, what a hundred and some pips and now we're backing off a little bit. So watch the back off there in the australian dollar and as you get a nice little It could have been donald duck Might have been daisy duck. Who knows anyway, let's uh Anyway, the australian dollar does have a chance there if it can hold above that But again the u.s. Dollar and that's the one we've been watching with the euro and the euro's held up relatively well Uh, the uh, I guess it was somebody named santa anna with that just good. Let me host santa anna That's just right south of la. Let's get that u.s. Dollar up here so we can take a look at it. Here's the dollar index I believe we I believe this dollar index is is uh is uh Marshall's telling us that that it's george santa anna. Okay santana Did he play for the beetles? Was he one of you see the guy that played there? No, that was george harrison Anyway, look you see the abcd pattern here in the um the u.s. Dollar index the key the key Thing to keep take away from this folks is the d-point you see the d-point up there Then go to the far left and you see those two little boxes one says 1.618 and the other says 1.618 That's why that was important and what did we do last week? We were right up to that same number again That's why it's that important above 99 40 The euro is going to be in the toilet, but until that happens the euro is holding its own It's really trying to get some type of a rally in here and it could be a rally that could last You know, uh, who knows? Three four months three four weeks. We don't know all I know is that when you get down to that point here You don't know what's going to happen next. So the only thing you can do is focus on how much you're going to have to risk That's the whole key to this is find out what you have to risk 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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So you have nothing to lose every monday morning Tom publishes his weekly gold report with coverage of gold silver bonds the xa u 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 smp 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s directions daily smp 500 bull and bear Leveraged etfs direction leveraged etfs an investor should carefully consider a fund's investment 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 direction investments.com A fund's prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services llc The bull bear trading hour with tom and tommy o bryan next Okay, we're back folks, and I believe we have a caller on the line. Mr. Z. Are you there? Not a problem john. You were lucky to squeeze in and we're up 12 ahead of you. Just barely me. What can I Al's notorious for that Got our basis covered larry. Yeah, listen. What can I do for you my friend? Uh to 29 52 Mm-hmm the end of a short squeeze bounce Yes, john. I thought that that was an abcd pattern that was completed. I focused on that In fact, I think I probably still saved it. I believe let's just get up here I believe I did. Let me put print it up here. Yeah, here it is. We'll just get it right here And I'll bring it up and you'll be able to see it. This is what I think was happening And uh, you'll you'll see that so I thought I had two options He was going to scream up to the upside which it still could Or that was nothing more than a short covering with the open interest dropping Of course that really confirms that it was short covering So if open interest would have increased dramatically in that s&p on friday, that would have been a sign that Wow, it's probably going to go a lot higher But right now that was nothing more than one of those short covering rallies that we usually have Okay, thanks very much. Any options expirations looking out next? Put these at you and ask you an expiration date that jumps out at whatever reason you think and you're not to say so if you Say you'd like to look at Yeah, that october one. I really like for several reasons one That's the bottom of the market in 2000 in 1987 the bottom You know, we had to crash on the 19th And I believe it bottomed on the 20th or the 21st. So that's just historical In fact, as you don't have to give up as much if you do that over the november's but john In 87, you know, I did the october options and they expired on the 16th that friday Yeah, well, that's Hey, listen, john, I was happy as a pig in a in a pigsty because You know, the dow was down 106 points and it was trading at 27 that 20 just around 27 000. That was a huge break I mean that those options that I had were and I I put them on on october the 2nd for two weeks They made a lot of money and I was happy However, you know if I'd have you know done the november option It would have made just about 50 times more But I don't know if you could ever gotten filled down there because the market was so illiquid You know during that time that you know, it was really crazy But uh, I like the october 21st because you don't have to give up too much premium And uh, historically, it's a pretty good day and that would get that would mean we would be down If the high came in on the 25th like we think it did or the 15th of july like we think it did That would mean we'd be down five or six weeks. That's about all you get and then we'll see I got you very good on that. I appreciate that Yes, both this report the usda will give out Revive and of course still an estimate And harvest has just been for this little corn pullback 393 down the 386 here conjunction with this Crop report come thursday Yes, I do john i'm i'm looking at that very closely, you know, we got up to a 92 on the christmas corn And I think if you can get that down about 17 cents from the high that would take it down about 377 That would be a pretty good spot to look at it because I think these things are starting to you know begin to move I don't think the china tariff thing means anything anymore at all actually because You know, frankly from what's going on in hong kong china's got more problems and tariffs I can tell you that right now. So It's uh, it's going to be interesting, but I do like the corn down about 15 cents I think that would be a pretty good value right at a that'd be right out of 382 the whole move too So that's another reason why I would like it Yeah, and I'll just um, I went back and looked at the um, not just the monthly and the weekly charts, but uh Got access to some daily charts going back to that 1993 That was the year of that great mississippi river flood in july of that year and The corn price taking off and we have lots of uh lurches Monday evenings, uh crop progress reports that come out weekly in that area So, uh, I'll be watching that very closely for uh, I'll be watching uh, monday nights Each and every monday night the next couple of weeks for Clues of whether the same sort of thing is replaying here in 2019 Mm-hmm Wow Well, I uh, you know, this glowbex has just been a you know god send for us johns You can remember back in the old days You had to pick up a phone and get through to the brokers and had to wait and all that other stuff And now you're just like a floor trader. You just press the button You don't have to worry about outtrades. You're paying only four or five bucks I mean, it's it's just amazing that what's happened in the evolution of these markets over the past 35 years each day and I look at this. I said my god, this is uh, This is a man. I remember in 83 when I first looked at these things before these desktop computers are really getting pop Well, they're getting popular. I was watching the the breastert and Bernstein and the guy down in New Orleans Tim And basically when they were bringing these things out, I mean, it was just amazing how quickly it was going to work We didn't have charts, you know on these computers until it was 83 I mean you couldn't even get an interday chart. Hey, john. Thanks for calling in buddy. I appreciate it Thanks again, Larry. You bet. May god bless 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 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 homepage of tfnn.com and get immediate access to workshops where I take you step by step How to use an extraordinary set of tools as well as provide great market calls 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 and 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 thinkorswim For more information just click the thinkorswim banner on the front page of tfnn.com Hey folks, we also got notice from al that the uh edmund burke around 1775 said those who don't know history Are doomed to repeat it and my old gray matter gray matter kicked in over the break And I remember it was napoli and bonaparte that also said that And I believe it's also in the oh, it's not in the art of war book. I don't believe so. I know that word I know that book uh by heart, but uh, I don't think it's in the well I could be wrong, but uh, and I'm wrong often, but never in doubt Okay, the one thing I wanted to bring to your attention folks is the uh chart of the treasury Notes and we'll get this up here to let you see it if you'd like harmony This is one of those that uh came in relatively nicely We made a slightly higher high at that 130 201 on sunday night on the open And then the market's been selling off just a tad. I mean, it's really nothing to Nothing to be afraid of so we'll see the only thing that would turn this market either way Is a strong close to the upside today in stocks or strong close on the downside that would and I mean More than 175 to 200 points down in the s and p down 20 handles in the Excuse me down 150 to 200 points in the dow 20 handles in the s and p that would tell us that that was nothing more than a short covering rally Whether that'll happen or not, you know, I'm not quite sure Remember we're going to have norm winsky on on the 10th. That's the we got a nice little What do we got this full moon coming up here on the the 13th Folks, what's happening in hong kong is very very bad. I mean when when they talk about protesters These are not protesters folks. These are terrorists. They're using fire bombs They're using little kids three and four years old as hostages. They're beating up cab drivers They're beating up bus drivers. They're they put burn down Believe it or not, they're burning down the stations where the mtr the train stations are Something that's just no graffiti. This absolutely beautiful place and they're burning these down. Those are not protesters folks Those those are those are folks that are really doing damage. They're they're terrorists I don't know what's going to happen, but it certainly looks uh very bad over there So let's send some white light, huh 877-927-6648. We'll see you on the flip side