 Traders, sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com 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 Larry Pezzavento Okay, I'm looking good Billy Ray feeling good Lewis. I posted a chart of the Dow Jones industrial average It says the E-mini chart It is a daily chart showing you the 61% retracement that we hit here on Sunday night and if you'll bear with me a second folks. This is sneezing time with he here. So hold on Excuse me folks. The old palaveries are Some days they hit me some days. They don't and I've been feeling great. I'm gonna tell about 30 seconds ago Maybe it's the principal of being under the gun of the microphone, but I don't think so But anyway, I'm very impressed with the action here in the Dow Jones industrial average E-mini You notice the 382 retracement comes in here at around 33,000 5 520 we got down to that level very Time out we got down to that level Just almost a little while ago and have held it so far that number in the S&P. Oh dear time out To move back to Indiana That'll never happen The number in the S&P if that 382 comes in at 41 24 We've been down to 41 32 Something in that area really doing very very little. So it's actually holding up pretty good as I mentioned before this stuff about the Debt ceiling is just total baloney. Don't pay any attention to that unless They can't pass it and that means that that dollar bill that says in God We trust is not going to mean very much anymore and maybe that's what that bond market is trying to tell us Every day that I do a show here I always focus on one pattern that should be in everybody's billfold everybody's safety deposit box Everybody's chain around their neck That is the 382 pattern. I want you to take a look here at bonds over the last two days And I do these every day. So it's not a question that I make these up You'll see yesterday's 382 was right here here was today's 382 It's already fallen off the bottom of the page folks. We're getting ready to break through The 129 level to see a 128 handle this last one today has already got a $1,500 profit in it. This one had a $2,000 profit in it. That makes very good sense I would think wouldn't you but just take it a step farther if you remember We were talking yesterday about crude oil about crude oil how it always hit these numbers And so what we're going to do is to show you it's happening over the last few days now There were smaller numbers in here, but I just want to show you the larger ones because these are the ones that are Wow, I'm very sorry folks for the The nasal congestion, but there's nothing I can do about it and I was feeling so good up until about 30 seconds ago All right, here's where we are. There was our first 382. There was Thursday's low Okay, there was the the pullback there on Friday Look what happened today folks This was a two-day correction that stopped exactly to the tick of the 382 of this move right here I mean just absolutely perfectly. There's a 382 here and then the 382 here to the tick folks I mean exactly the number at 71 40. We've already rallied over a thousand dollars here in the last hour We're already trading it Substantially above the seventy-two dollar barrel now this tells you this market is still very very strong Watch these folks. These are very very powerful numbers when they come up and they are Extremely extremely accurate. Do they work all the time? No, the only thing that works all the time I'm not at liberty to give you because I don't know it That's the bottom line Okay, let's take now you want to see a frustration index those of you that I Appreciate the humor, but yesterday we had a trade set up that we really really liked Bear with me second. I'm sorry folks. This is terrible I'm gonna do something here to break and take some out to Luke or something Get this cleaned up if I can't this was a trade we have in June hogs now We had a double excuse me a true three drive pattern right here that you don't see this was the 1.618 and we had a really strong rally here to the tune of about $1,700 we took a $1,400 out of that because we wrote we put our stop under the last low here So we we bought it right there and got out of it right here But we had another pattern coming in here and I was under a quandary here because you know You see we have a nice a bcd pattern coming in here except for two things one. You got a big gap here Danger sign however the fact that it didn't fall apart the next day just made a slightly lower low But as you can see the 1.27 expansion comes in here at 82 82 82 95 and today's low was 80 to 65, but you can see the a bcd measures at the this level here, which is 81 81 90 so I said well, we'll buy it at 81 90 but that that broke my my rules because mathematics proceeds geometry And that's a that's a mathematical number and the low was ten cents lower than that and it's rallied $1,000 today and I missed it. So I it's just it's sometimes just a little bit Frustrating when you see that but that's that's the reasoning behind it and I spent a good three and a half minutes on the video last night Trying to make my mind up with I should buy it at the one two seven or buy it at this and I said, okay We'll buy it there and end risk a point and of course It took took off to the races without us. So the way that I'll handle this just like in the crude oil And greet and all the others I'm just gonna wait and see the first three or two pull back in hogs And I'm gonna buy the little puppies or the little they call those little those little piggies God I'm a farm. I can't even piglets and then I that's what I will that's what I would do We had fun when we were kids because we used to ride the hogs because we had two and three hundred pounds hogs This was my farm. We have our farm It was a farm of our neighbor But I would work on the weekends and stuff and it was always fun to play in the big pin When you're little you can do that kind of stuff Later on I learned the dating was a lot more fun And so I I spent most of my time focusing on that which served me in a better way I think over a period of years Okay, we're gonna have to take a break here pretty soon And hopefully I'm going to get takes in Montaluca and maybe this will get me Moving in the right directions if you have any questions today folks at eight seven seven nine two seven six six four eight The first part of the show here I'm gonna go over market conditions as we see them right now But in the second part I'm gonna go over stuff that I did in the past what I did wrong and what I did right because you can Always learn from your mistakes and we could be here forever all the mistakes that I've made so let's stick together here Be right back eight seven seven nine two seven six six four eight Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out Teddy keg stats Tiger 4x report Teddy keg stat breaks down the 4x markets every Monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly Tiger 4x report every Monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30 year t-bonds as they both influence 4x markets Tremendously when you sign up for the Tiger 4x report you also gain instant access to Teddy's 60 minute webinar archive He just hosted 4x strategies and fundamentals What is behind the Tiger 4x report for all the details and to start your 30-day Tiger 4x report subscription today visit the front page of tfnn.com tfnn educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing it number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge Every day it is mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30-day money-back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network at CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the market's open to give you the competitive Informational edge you need to succeed These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free With our money-back guarantee at tfnn.com tfnn educating investors 877-927-6648 internationally at 727-873-7618 Okay, folks are continuing on with the 382 Ideas you can see here. This is the E-mini S&P from the high we made yesterday The high that we made today right after the report right exactly at the 382 And we're still down in that area haven't checked prices recently, but it's been very very close to that level all day well at least for those You know, there's few hours that we've been there the doubt the Dow Jones because of Boeing Airlines made a seven 61% retracement up to the top and Since we're talking about Boeing Airlines One of the things that I'm doing for the folks that was in the Las Vegas seminar Is I'm picking stocks that are in the news and since Boeing was in the news today I said I'd do hourly charts that way you'll see a lot of the ABCD patterns And so I I put the chart up here today for Boeing Airlines, and you can see the the big ABCD down here a couple days later and there the news came out today we make an ABCD Exactly at the 61% retracement level and so that's going to be a real interesting one To to to take a look at so let's pay attention to that and there's a nice gap and sold off most of it But it's still hanging in there at that same level. So we're going to be keeping a very very close eye on that Also, okay now we're going to move on here to go just a little bit farther Into these things that we want to look at because I think that they're very very important I was following the wheat market and then of yesterday the thing that I sent out to the folks I sent this to everybody in fact I sent it to I think I put it in the room here as fact I'm sure I did and this was the basically the wheat market and as you can see here We did complete the ABCD in the wheat up here at the 670 that's 70 cents off the well 67 cents off the bottom folks and So far we've come down into this area here, which is, you know, very very interesting to see How that's going to work? Okay, those are just a couple and I said one other one that I wanted to mention that we have on our Watch list today Time out one second here take a breath here did the Boeing Airlines I did the wheat and I wanted to do the natural gas because this one has been been doing quite nicely because all of the stuff that we did over the weekend said that the Energy markets were getting ready to turn we did all the work on the natural gas crude oil heating oil gasoline and Those and gasoline heating on crude oil and the natural gas all of them said that they were getting to go higher because we completed these big patterns and of course we had the gap up Sunday night and Then the markets continue to go and it's gone all the way up. It's up around $10 higher than where we originally said You should buy it now do these always work of course They don't but sometimes you get the odds in your favor and that's what you're trying to do is to line Those up, you know to tell you that's where you want to be when you're doing some of these things that you're that you're watching So I think that's the important thing, you know to pay a close attention to so I hope that helps Not all these things are going to work of course, but when they do work they work very very well Now we're going to take a quick trip across the pond over here and take it to look at the German Dax because We've completed some really important stuff here in the German Dax as far as pattern recognition This is comes from our good friend Alan Smith over in the UK And you'll notice that he had this you can see the cemetery here on the three drive to a top pattern and The market is going to be gapping out getting up to that area very very shortly most probably In the next day or two and then we'll see whether it's going to continue Or not as we look at this on a a little bit shorter time frame This is what I wanted to show you because that pattern had already completed And what we're looking at now is the same pattern that we were seeing in the Euro You see that little one three five pattern that is right here That's a beautiful one three five pattern right there and that tells us that we're most probably heading down Into this level Right in here, so we're going to be watching this one very very closely And they'll tell you the reason why if you remember yesterday we were talking about the Euro and I wanted to because the Euro is Well, I'll show you the Euro because this has had a huge pattern that is in the process of completing right now But this is the Euro trade that we were watching the other day You can see that the one three five pattern looks exactly like what's happening in the German Dax Okay, and then you can see the move that's moving down like this. There was your 382 retracement Right here. So what you're going to see now is the completion of what we're looking at here in the Euro as We watch it complete and I want to get it up here And you'll be able to see it very very clearly and it will bring the patterns Just jump right out at you. I guess that's what they do to me and you'll see as we look at this right here there's where we are and We went right down to the we're not quite filled yet We want to get filled at this level and then our game plan is because remember this is the big 382 on the weekly up here folks Up at this 110 and change level. Okay, so what we'd like to do is we want to cover the short here Okay, that locks in a little over $1,200 and then what our game plan is is to take this swing right here and Move it over and that'll be right up in here It's where you want to be selling the Euro again because what you'll have right here is you'll have a 1 3 and a 5 and so you want to be trading in the direction of the trend So you want to like Gartley says, you know sell rallies and buy the dips Sell rallies and buy the dips So that's what we're going to be looking at because this would be a beautiful one three five pattern Lining up just absolutely perfectly. So I certainly hope that We can follow through with this and see how it works out But it's got everything going for it that you could ask for and every read just for review I wanted to show you I've shown this so many times here over the last four or five days It's probably a little bit boring, but it's never boring to me and you'll see there is our three 61% retracement This is really this is a weekly chart folks for three weeks in a row It sets up there at that 110 level and change it couldn't get to 111 and then you know then last week You know we could see it starting to roll over, but you look at this on the weekly basis It's nothing at all, but on the daily or 60 minute, you know, it's a pretty significant move So that's what I'm trying to do is to keep myself positioned on the short side but at the same time I'm trying to pay myself, you know for Money that's better. You know give it give myself a few bucks to make sure that they still Line up, you know perfectly So I hope that helps as we see that by the way those of you that trade gold We just hit a 382 retracement in the gold up here at that 1043 level It's 2043 level. So sort of pay attention to that because that's been a In fact, we're trading right about there right now. There's the old 382 right up in there that 2043 And so that may or may not be a really good one too to pay close attention to but it's getting close That's for sure Okay Now the other one that we needed to talk about and just give me a sell We got a break coming up shut the front door and raise the rent, but when we get back I want to share a few things in the past of other things that have happened with some of these trades So we'll be right back The gold report as a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC Market the US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers Consisting of coverage of the XAU HUI GDX the dollar bonds the South African Rand as well as 25 different mining equities with specific buy-sell recommendations The gold report New subscribers get a 30-day money back guarantee. So you have nothing to risk Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all He's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from Larry on market movement You need to act on at any time first time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs a live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help You make the right moves with your money Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors 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 Folks we're back and I posted a chart here from Alan over in the UK This is basically the footsie, but what I wanted to show you is the beautiful three drive to a bottom pattern here That's my go-to pattern three drive to a top three drive to a bottom when I'm in a What we call a slump where you have three or four losing trades in a row I sort of wait for this We had one in hogs today that I just missed and have a couple others over these last few days that have been pretty good But those are really nice because you have such perfect symmetry And when you know the number of bars down in the AB leg equal the number of bars down in the CD leg And it sets right at one point six one eight That that's really mother-god in country for Fibonacci stuff because that's that's where the final The final game is played right there at that one point six one eight level because once you get beyond that That's telling you that something really really seriously is wrong and you don't want to stand in front of it I wanted to go back and since we're talking about the death cycle and you know past trades and stuff But I want you to take a look here. Now. This is the I sent this to the folks in the Las Vegas thing because some wanted to see some longer term things and I showed them some bigger ABCD patterns that we've had but If you notice here, this is the cash S&P here back into 2016 and 2014 there's 2014 was right here. This is when mr. Trump Decided to run for president here here. It was on the night of the presidency That's that November the 8th of 2016. He was a big underdog over in the UK In fact, he was such an underdog folks that anybody that bet on Hillary Clinton winning They paid them four days in advance That was Walter Hill, I believe That one of the the big bet bet fair places over there They were so sure that there was they just paid him early. I in in my wildest dreams I cannot believe that a book he would do something it'd be like an options guy That's almost his options are almost worthless and he's got four days to go Why would he sell him a worthless when he's got four four days to go? Maybe the only worth of penny I don't understand that but the key here is if you look at the ABCD pattern that is right here And it's a big one This is a weekly chart and then when you got to this spot right here. Look at this You're setting you're setting right at the 382 retracement of this move way back here And you're setting at the 61 percent. This was limit down folks Limit down early early evening around 9 30. It was limit down when he had won, Florida But it was he was and what looked like he was going to lose, Florida And then he turned around and then the market started to charge higher and higher and it went up all night And then course about one o'clock in the morning when the election Results came in it took off and look look where it was folks this doubled in price from where we are right here I mean, that's that's how far that you know the trend was really, you know Really moving in the right direction and we had this really nice beautiful ABCD pattern in here and look what this happens when it fails boom it gaps up and just continues to go and You know, that's what you've got of these patterns when they fail They're telling you that you're wrong and you got to get out of dodge, you know, that's the that's the basic Thing of what you're watching here. So I hope you remember that these patterns do two things They have predictability within limits Okay, and they repeat over and over again And that's what you're really trying to do as you look at some of these things now There's a couple others that I that I think you'll be interested in that I did that I've talked about them before but I this was one of my all-time favorites and I'll get this up here This one happens to be Desert Storm and I want to get this up But this is a really important one. This is a this Just charred the Dow Jones and here's here. We are this was a 1991 this was in January. We were making remember now. This is a long-term chart. So on the daily it was making a 60 1% retracement right in there and it was still in an uptrend as you can see the ABCD on this said It was going to go up here, but this is all we knew right here, but on that night which was January of 1991 it was a new moon and so the Navy Seals went in and planted all the you know the super spy stuff that they use for tracing and stuff and from that level The price of a crude oil Went from $42 a barrel folks down to $11 a barrel that night was so crazy Remember we didn't have all this fancy stuff that you had we had the computers and things like this But I had my orders going through an order desk, you know through Goldberg brothers in New York and I asked him I said, you know, you know, what's that? What's the what's the what's the bid? I couldn't get through for two and a half hours folks I didn't get through till almost seven o'clock that night and when I got the quote I said what's there? I said what's what's oil doing and he said there's no bids So I figured it was limping up. I said what do you mean? There's no bids He said no, there's no bids. He said $2 lower $3 lower $4 lower. There's no bids. I said, I don't believe it He says put an order in I said, oh, I thought I'm hard. I said I'm already short I don't want to put an order in I have a stop in he said well It's not gonna get filled right now because it's $4 older Oh lower and I said, oh man So I swell put my stop at break even and see what happened well the market opened the $11 a barrel lower and Eventually went from $42 a barrel down to $11 a barrel later later that year and In the course it took off the Dow Jones on that day that day of the Desert Storm the it left a gap some some Programs don't show it But there wasn't a big gap that day because everything gapped up because once they realized that the war was only two days old And it was already done. That was pretty much it I was a I liked to follow military stuff and Norman Schwartzkopf was a big Big believer in the art of war by Sun Sue which happens to be Bobby Knight the famous basketball coach University of Indiana it was a great book and it you know, it's got a lot of great stuff just common sense you know like Attack your enemies in the darkness of the moon Which means go in during the time of a new moon and things like that and never prevent your Your enemy from making a mistake, you know something like little common sense stuff But it but it's still pretty good But anyway, that's that was one of my one of my my better moves I had a one on a percentage basis. It was probably the best day that I had had in a you know over a period of years it was Percentage-wise it's still the best day because I was heavily involved in it and it really turned out to be a really good everything was lined up in the crude oil had a three drive to a top pattern Gold which was I was also short had a three drive to a top pattern and What was the other one we had a? The Gartley pattern in the S&P. So those are my three positions and I my daughter Jill was going UCLA at the time And she she mentioned to me She was helping me in the office. I went to get my haircut and so she called over there She said dad She said you still had those positions on and I said yeah, she's oh dad She said don't lose your job because this is gonna get really bad for you And I says what he means is don't you have the TV on and it was four o'clock Which was midnight Baghdad and so I asked him to change they were watching one of those days of our lives And the end of the days or wherever it was I said could you put on seeing in for just a minute? And they said okay, and of course it looked like fireworks every year. They were lighting up downtown Baghdad. Well, there's a good thing Anyway, that's how it ends. We'll give you right back eight seven seven nine two seven six six four eight You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by Basil Chapman Creator of the trading methodology known as the Chapman wave the Chapman wave up-down sequence gives you an edge in identifying price turns Finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman and your inbox every day First-time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive Informational edge you need to succeed These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free With our money back guarantee at tfnn.com tfnn educating investors Biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade Labu or Labd Directions daily S&P biotech three times bull and bear ETFs Visit direction investments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the Direction shares carefully before investing the prospectus and summary prospectus contain this and other information About direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 866-476-7523 The prospectus or 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 This program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ I had to put this chart up of the Crude oil with the 382 that we hit there a little while ago about two hours ago The exact 3 to him now $2,000 folks We just took out the high at this other level here, which was a 1.618 expansion This means that this market's probably getting ready to go a whole lot higher But anyway pay attention to the 382s folks. They they're very very valuable I spend a lot of time on the day trading thing that we do a couple times a year here about those because They I've done hundreds and hundreds of them. They're right better than seven out of ten times But the risk-reward ratio is out of sight. I mean these things are so accurate that When you're wrong, you're out of there in a hurry. You don't have to worry about it But that's what you've got to remember and that's what you're looking at And I wanted to share with you this other chart that was sent to us by mr. The Stan Harley Oh my gosh, this was a couple years ago. I keep it here because I it's been so Amazingly accurate with the geometry and the ABCD would look at this folks going back all these years How these things line up with the cycles coming together? And if that is in fact the high that we made in January of last year when the Dow Jones or the S&P had 4500 That means that we're getting ready for something, you know pretty significant on the downside You know pretty hard trade this on a you know yearly chart or anything like that But it does show you that the cycles are there the ABCDs are there and of course this low right here Was a 382 at that level I happened to be in Clearwater Florida at TF&N during that time And I remember that very very vividly. There was a few things that planetary wise that were happening around that time so That's neither here nor there now. I wanted to since we were talking about Desert Storm I wanted to show you I keep this chart because it was so important to me This is the this is the war here in Desert Storm. You can see this is where we were and then this thing I went all the way down. I don't know how many years it was later, but we went all the way down to $11 a barrel from that level, but there's where we were it was a big 1.618 expansion and I had sold some at 41 and the change and of course We had to broke $11 I covered it the first day because that was a huge thing and if I if I'd have waited another couple weeks I'd have doubled my money again, but then again look at the 382 retracement right here folks Look at this. Just it's absolutely beautiful 382 retracement coming in exactly at that high Right here and then from there. We continue to go down and down and down So we watch these 382 tracements because they are they are very very important And it's it's a it's a good thing that we we do keep a close eye on them because they give you an edge Like you don't get in the many of the other things that you're paying attention to now Here was one other one. This was one of my this was one of my pro most I guess I guess I would call this lucky, but it came at a lucky time because I'd just been divorced and I was trading on my own I Had and I was working as an expert witness with Eddie Horowitz. This was October the second of 1987 and I bought a bunch of puts they were really cheap because I was I knew that they were going to expire in two weeks and I thought we were going to take out this low without any trouble and So I bought puts with a strike price below here. So they were really cheap. Well They expired on the 16th of October, which was a Friday and I made a lot of money Of course the 19th of October I would have made moochio kind of money But I was happy with what I got with that level right here But on October the 16th that Friday the Dow was down 106 points and my puts were I never in my wildest dreams would thought that they would be there and I held them till the very end and They expired and well, I closed them out with it with a huge huge profit of six figures and It was able to send my lovely daughter off to the East Coast to do her medical education But anyway, you'll notice here This happened to be the next day the most important thing was after the crash Okay, after the crash on October 19th, which which is an exact 61 percent retracement of the low from 1982 On August the 9th not many people picked that up That was the best buying opportunity of the 1980s was a day of the crash So even though it was a financial crash and it wiped out a whole lot of people floor traders especially That was the best buying opportunity and from there. We went up to 40,000 in the Dow Jones So these are a few things that I think that make pretty good sense But well, whether they continue to make good sense over a period of time I'm not sure but we'll we'll keep a close eye on it No matter what so those are the ones that I wanted to cover the course that the one was in 1985 I believe that was the one no that was I think I've covered that No, you know, that's on this one over here. I think no that is it Nope, that was the one but in the 19, you know the 1987 low I put that up there so many times It's you know, you remember we had that big bra. Oh, here it is right here shut the front door And we'll just take a quick look at it. There it is right here This was right after I had just started the show here in 2007 and I said in the newsletter this was the thing I said this is going to be the biggest rally That we've had since 1938. We had this three drive to a top pattern. We're setting at the exact 61 percent retracement of the low from 1987 and son of a gun It did rally folks. I mean this was the the dot not dot com. This was the Real estate thing look at look at this 382 retracement This is the one right here is when Tom Hougar and I be got extremely bearish and there We came down all the way through here We missed most of this because I was taking a break after this was done and then course when I saw this I I thought would have a pretty good rally. I got out of it way too soon But that's where some of the ones that I have done, you know through the past I I hope you enjoy watching those I like to remember them once in a while I'd like to show you the ones that I failed at but this show would go on until non-stop for about two and a half months but unfortunately, we don't have that time but I try to get out of them as quick as I can and That's what you got to do is when you're wrong. You just got to stand aside and Not do anything and you know, that's basically really all you can do So I hope you enjoyed that because I enjoyed remembering it and I think it would be It would be interesting to see how these things, you know history Goes back and look at some of these things how they're working And that's the whole key to what we're paying attention to on some of these things So I think it's very very important to take a look at that Anyway, this is what we're paying attention to folks Today and if you were fortunate if you if you did that the crude oil Excuse me the gold at 2044 Put your stop at 2047 and let it rip maybe it work. Maybe it won't I don't know But that's a that's a big a bcd and a 382 and sometimes they work and sometimes they don't And that's what I'm saying and I'm sticking to it So if you have any questions be sure to stay tuned. We'll be back for another hour Post takes we'll be right back folks for a wrap up If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Technicals sign up for rocket equities and options report today with a 30-day money back guarantee So you have nothing to risk for all the details and to start your subscription today Visit the front page of tfnn.com tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basil Chapman creator of the trading methodology known as the Chapman wave The Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices Get the opening call newsletter by basil Chapman in your inbox every day First time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns, you can take advantage of sign up for the Fibonacci 24 7 newsletter at tfnn.com When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks You need to pay attention to and you can trust Larry's analysis After all, he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from Larry on market movement You need to act on at any time first time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24 7 newsletter today tfnn.com educating investors Tfnn has launched the tiger's den hosted at discord Tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The tiger's den available to all tigers and tygruses for just one dollar for the year There's no catch or added costs when you join our community of traders Sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv. That's tfnn.com and hit watch tiger tv Okay, folks, you're not going to believe this but the impossible has happened somebody got through On tfnn call in lines and it's jim from palm harbor Florida jim, what are you asking about my friend platinum? Real quick. I know we don't have time to look at platinum I want to correct you back in 2009 when you call it. We're going to have a great buying opportunity And I have a vcr tape someplace that says it would be the mother of all short covering rallies Yes, that's 666 Yes, it was it was a mother of short covering rally. It was the biggest bull market of all time You you hit that one on the nose buddy Well, I got the first three days of it in the other 13 and a half years I left for somebody else. I was a little different than that but yeah I remember saying it was going to be the mother of all short covering rallies short-cutting rallies. That's a quote unquote Real quick. They're saying over the counter It's gone from prescription to over counter. It's called astropro. It's a non-steroidal antihistamine Instead of taking the clarion or whatever It it works within 20 to 30 minutes. You ought to try it It's how do you how do you could you send me an email jim? It's larry larry a trading tutor. I'll go get it today Yeah, really um Just call ahead and make sure it's in stock. It came off a patent I believe october november because um actually went to have it refilled and they said guess what? It's no other 40 bucks. It was like 18 dollars Yeah, I will send you the email and the next time you're on the air and I don't know basil's coming in To the afternoon two o'clock. I'm sticking around I'm going to be doing next the next hour and then I'm going to be helping basil while he's gone I'll probably be doing three shows Probably wednesday thursday or friday, so I'll be around quite a bit. I'm trying to get Things different, you know showing different things and everybody doesn't want to see abcd's and that's what that's what I look for But uh, sometimes they work sometimes they don't but thank you for the How much joy for the medical advice? Nothing nothing at all, but uh good when you have time it would ppl t is the etf to trade off of platinum But it's interesting today that we're you know, we're we're come we're coming pretty strong in the last week and half on platinum Thank you very much and we'll be back folks eight seven seven nine two seven six six four eight