 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. This is a big day in the markets, folks. Huge anniversary date. This was the date that they had the ETs land in Roswell, New Mexico. Uh-oh, they crashed. They didn't land there. Anyway, tomorrow we're going to have a special show between, I think, at 3.30 when I'm doing the Tom O'Brien show. We're going to have Norm Winske on, and some of you know this, but Norm's brother, Norm's uncle Abe worked with Warner Von Braun. He was the one that put those rockets up there, and he's going to talk to us about some of the awards and share some of the pictures with Warner Von Braun and some of the landings on the moon, if you could believe they're really there. Anyway, we'll have him on, and then on Wednesday we're going to have Tim Bost. On Thursday we're going to have Stan Harley. So we got a full group of people this week to give us an idea of where we stand. The first chart that we posted, of course, usually we start with the DACs, as you can see. We went up there, rolled over just a tiny little bit, really nothing to make any sense to yet. It's still quite early. You can see the ABCD patterns. If we take a look here at the FTSE, you'll be able to see that we did pretty much the same thing. Now, that swing that you see there, we're stopped at .32. This little bit below the 3A2 level goes a little bit higher, but you're right up at that 1.27 expansion of that move. So that's why that one looks pretty interesting. So that's going to be up. What's going to bring up? No, he's not going to bring up any of that stuff from the, what do you call that stuff, with Hitler. No, that's not. This is his father, his uncle. His uncle Abe was Silverstein, I think was his name. He was very, very famous. He was one to help start NASA. So it's really going to be interesting in how he did it and he's got some, they're going to have some awards for him and so that's one of the reasons Norm went, and we really should listen to Norm folks. I mean, he yelled and screamed at us when we were up there on July 5th. He made a special thing that this is his biggest thing of the month and so far that has been the high. Whether that's going to be anything or not, we'll have to be able to see, you know what? So that's what we're going to see. We'll do these one at a time. Anyway, let's move on here to just a second here. We've looked at the DAX. We've looked at the... Shucks. My mind, people are skyping me in between this talking because it is really troublesome. So I need to turn off Skype so that I can think a little bit because it's not easy enough to do. The first question that someone's brought to our attention this week is on the Bitcoin. We'll bring this up here and you'll be able to see that we are in a very, very tight triangle here. You can see from 13,900 down to 9,800. We're in this really tight triangle. I believe we're going to pop out and decide on this for two reasons. The first reason and the most important was the fact that that low at 9,800 was right at a 3,822 retracement and secondarily it was setting exactly at a 61% retracement from the June low. So that's really powerful, folks. Anything below 9,800 would put this... put a lot of negativity into Bitcoin but right now it has all the earmarks that it wants to go higher. Pretty much what we're looking at as we see this unfold. Now, I did want to bring... Since I've got to be on for two hours today, I tried to plan some of the things that I think will be interesting to you. And of course at the three to four show, I'm going to be talking about the way these fang stocks are acting and some of the divergences that we're seeing. But I did want to go back in history just a little bit here just to show you a pattern that is very, very similar to what we have going on now. Let's get this up here. This is the stock market, folks, from 1950 all the way through, you know, the area of... If you look over the left, that low that's down there, you know, that was in 1960... 1963. November 1963. November 22nd. Of course, after that, that's a very famous day. That's when John Kennedy was assassinated. But the thing that I'm trying to point out to you here is if you look at that area of 1,000 in the Dow Jones, how it stood there from 1965 all the way through 1980. That's 15 years. The market had one, two, three, four, five tops. And then it finally broke through. And I'll show you the breakthrough on this because I think it's relatively important. But you'll notice that in 1970, 1972, you see how it was topping up there in 1973 and then went down into the October crash? That's the one that got me, folks. That's the one that made me successful because if I hadn't learned that, I didn't learn anything. It took me a long time and a lot of money to figure out what I had done wrong. But that's what happened. After that, you went up to 1,000 again. Then we pulled back into 1975. And remember, 65 through 72, folks, that's the Vietnam War, and these markets are still going up. So it doesn't make a whole lot of difference. The real interesting one here, and I would like to show you this, if you'll notice the time period between 1978 and 1982, and you'll notice that arrow that I have there, that was August the 9th of 1982. That's when bonds turned up. The bonds became bullish right then, and that's when the stock market took off, too. And the reason why I'm bringing these things together to you, if you'll see these little red arrows that are there, I want to show you what those red arrows look like when you're looking at them astrologically. We covered this in the Bradley model a year ago. So here's what that looks like when you're watching something like that. That means that all of these planets, at that particular time in 1974, this happens to be March 5th of 2009. I'm just trying to show you the relationships. You'll notice how all of these planets were lined up in the same area of the transit chart. That's what happened in 1974. It happened twice. It happened once during October and once during December. October was the October crash of 1974. December was the double bottom, and both of those lined up perfectly to these planets all lined up the same way, much like what we were looking at in March 5th of 2009. That's what we were looking at. I'll bring this up so you can see it one more time. And thank you very much, Marshall, but Mercury does go retrograde today. Very, very important. That means try not to make too many decisions. But if you notice, we had that three drive to the bottom there. There was the perfect bottom. And I mentioned that this is going to be the biggest rally since 1938, and it kept going and going and going, so it's been a pretty big rally. But anyway, that's the type of thing that got me interested into the astrology so much because we went and looked at all of those. You know, it was amazing how these things lined up, but I don't have the key to it. I mean, I just look at the patterns, and that's really it. I don't see a whole lot other than that, you know. Okay, let's move on to the next one, 877-927. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The Taz Profile Scanner instantly scans and filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Headed by Steve Dahl, president of Taz Market Profile, the Taz Profile Scanner understands that in today's technological world, the use of top-flight software applications, automated trading algorithms, and technical analysis expertise is essential to successful trading in today's market. Whether you're looking at the trade matrix, the ETF heat grid, the market breadth, the landscape charts, or the many other features of the Taz Profile Scanner, this is a piece of software that will revolutionize how you look at the markets and set up your trades. The team at Taz has even put together a 12-part video series to walk you through every aspect of the Taz Profile Scanner, which you can find directly on the Taz Order page at TFNN.com. Sign up now for only $197 a month with the risk-free 30-day trial so you have nothing to lose and everything to gain. See for yourself how you can harness the full power of the Taz Profile Scanner by visiting the front page of TFNN.com today, and you'll find the Taz Profile Scanner under the Services section. Remember, with a 30-day money-back guarantee, you have nothing to lose. Don't let another day pass you by without trying out this amazing piece of software that will revolutionize how you look at the market and how you place trades. Sign up today. Many of our new listeners are coming out the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable, moderated atmosphere. Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test-drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TFNN.com. TFNN has launched our brand-new website. You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Okay, folks. On a little practical note, I posted a little picture of what's out on the back patio this morning. You'll notice that little puppy setting up there, that little bobcat. He weighs about 45 pounds and he ran through the neighborhood picking up little dogs and cats, it will. But he's a terror of our neighborhood here, but he runs his own way. Anyway, I let him sleep. I didn't bother him as a matter of fact. These bobcats, folks, they are really angry and mean little guys. They walk through the street like, yeah, you better stay off my turf. Anyway, he was out there this morning and we're having monsoons now, so that makes it a little more difficult as we look at some of these things. Folks, the main focus this week, from my perspective, looking at the charts, is we've got a possibility of a rollover here from some of those patterns that we've seen in the S&P, but I was listening to Steve Rhodes and he was really giving a good, a really good rundown of what the stock market's doing and I have to agree with him. There's a possibility it could rollover from here, but it still has a bullish bias that you have to really respect, but there is some divergences occurring now. The only thing that would turn this around to tell you that this is it, is to have a really strong down day or up day in the stock market this week and that would really tell you that's the direction for the next two or three weeks looking at what I'm looking at, but whether that's going to be the case or not, we have to wait and see. There's been some news, of course, about Deutsche Bank. We have a really, one of our really superior students over there in the land of the wind over there in Las Vegas, has been following this very, very closely. Deutsche Bank came out and said they've, they're firing 18,000 people. Boy, that's not good. And then they're also changing the way their income structure is coming up, but I wanted to bring the chart here of Deutsche Bank up to take a look at it because you'll be able to see here that this is the real key of this whole chart, folks. Go back here and look in January of 2017 when Deutsche Bank offers their stock at a 35% discount. Now, you don't have to be a rocket scientist to stop and think about that one. Why are they offering you their stock at 35% discount? Give me a break, folks. I mean, when it looks too good to be true, I can promise you it is. So, and now you can see we went all the way down to $5 a share. We rallied up here about 25, 30%. We got as high as eight and change, I believe, on Friday. The stock was up almost 6% pre-market early this morning and then it reversed and went lower. So this stock has got a lot of problems. And you can notice the 1.618 expansion down there at $5 a share. I think that's where it's going. And the German bank is not going to let this thing go under, but they got lots of problems. The CFO, the chief financial officer for Deutsche Bank was on Bloomberg real early this morning when I happened to be up. And he was saying, she, everything's looking great. It's just really good. We're trimming payrolls and all that stuff. And the guy said, you're also trimming income. He said, well, we'll make that up. Yeah, and that's right. Yeah, that's right, Mr. Bill. They're probably merged with Enron. But the key to that is to trade what you see and not what you hear or think. I mean, look at this stuff. Enron was one another one that was the same way. These happen all the time. Tomorrow I'm going to be talking about General Electric, the same type of deal with General Electric. And Bill is, what is his name? What's his name? Welch. Jack Welch. Is Jack Welch still alive? I see his wife is advertising all the time. But I don't know if Jack Welch is still alive because he made some decisions that really put the skull and crossbones on General Electric. But anyway, let's move on to a couple other markets that we're talking about here. These currencies folks are really hanging on by a thread. I mean, a literal thread, a very small. It's such a small bounce in the Euro. I mean, it just doesn't want to get out of its way. And it had a low due and the low has not come in yet. I mean, if this bounce that we're seeing here in the Euro, you know, that's it. Yes, he got out right at the high of the market when that General Electric was up around $35, $36, and then it went down to $5, but he did get out at the top. By the way, folks, you know, we lost one of the greatest people in finance here last week over in Palm Springs, California. Lee Iacocca, 94 years old. He basically bailed out Ford with his Mustang in 1964 and he bailed out Chrysler big time with the K cars. And he was a really, really nice guy, a real gentleman. And he passed away over in Palm Springs, California. And I had a friend go to the services just to see how many people were there. And there were about 40 people there in Palm Springs and to see him off. And I would have thought there would have been hundreds, but that's not the way it goes. Anyway, let's watch this Euro, folks, because if the Euro gets below 111, if it gets below 111, I sent out the charts on the weeklies of the Euro because it's so important below 111. Really, it's got a 105 to 108, 105 to par targets down there because 112 is the 61% retracement that's been here for seven months. So it's either making a tremendous bottom in here, which it certainly doesn't look like short term, but it's got a possibility of breaking down really, really big time and start to accelerate too. Maybe in a currency war, I don't know. I mean, anything could happen, but it just looks very, very interesting. And on the reverse of that is the dollar index. The dollar index looks like it stopped right where it should have with that perfect ABCD pattern that we talked about last week. And we'll get that up here so you can see it very easily. We came out of here like a rocket, which is really good. And now we're floating up near that 97 level, which I think we're pretty close to it today. And popping above that, then you got the US dollar really moving. I don't know. I know there's talk about another Brent and Woods agreement, where we're going to change the price of gold or whatever they talk about. That stuff is two levels beyond my pay grade, but just look at the charts. That's pretty much it. Below 111, that euro is not going to have many friends, folks. It just isn't. Remember, that's the second major currency in the world right behind the US dollar. And when they do that dollar index, 53% of that dollar index is the euro. Now, the Chinese renbi, the renminbi, that's always the one also known as the renminbi, is also going on. Now, remember, there are some really serious things going on in Hong Kong. That's really something. Now, Peter's asking me, are interesting transits set up for this month? Peter, I really don't go out that far because I look at the shorter term patterns because I can control the risk really good, and that's really what I'm watching. So, oh, Mr. Z is asking, what's the next big gold trade that I'm looking at? Mr. Z, you've got it. You've spot on, Bubba. Let me just show you what I like. I mean, it might not happen, but this is the one that I really like in the old gold. Let's get it up here and we'll put it up here. This is, oh, we got the break coming up. What we'll do here is we will get this gold up here in a minute, but I will, I'll talk about it. I showed it, I showed the larger chart here. We'll bring gold when we come back. Sorry, folks. Mumbling too much. Thank you, Mr. Z. 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. 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 Lease 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 Facebook page where you can find the link to the type of newsletter he delivers every morning, then visit the front page of TFNN, and you'll find the Path of Lease 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, 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 Chart allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find, and right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Chart today by visiting TFNN.com. Okay, folks, let's take a look at this gold chart. This is a really interesting one. Four hours, you can see the last, we've got this big ABCD hanging out there that looks just about as perfect as Mr. Gartley could ask for. And the reason why it looks so good, folks, if you're looking from $14.41 down to $13.80, that's $60. That's really close to the $64 harmonic number. It's also an ABCD pattern. It's also a 382 retracement off of the low that we made way back in May at that triple bottom. That's Mother God in Country. Gartley said on page 222 of his book, be sure to look to buy ABCD. The first ABCD moves in the bull market and also to sell the first ABCD patterns in a bear market. And so that's what we've got there. Remember, we had that same thing in corn, and we missed it by half a penny. And corn took off, and now it's trading 26 cents higher than where it left the gate. Unfortunately, the gate, they didn't get my ticket open, so I missed the corn. But maybe the corn, maybe the gold will get there. The low we made last week was at $13.89, and below that would get us down to that $13.79, $13.80 level is what I'm looking at. And that should be very good support. Folks, gold has had increasing open interest all during this time. This has been very bullish. New players are coming in, both on the long side and the short side. So that's a very, very positive thing going on. Not to say what's going on in the Treasury notes and Treasury bonds, where you've had decreases in open interest during the last two weeks. That's very bearish. And at least that's what it usually is in the history of looking at these things. But that's neither here nor there. Someone's asked me to review that corn thing because that always makes you feel so nice and warm when you miss something like that. You'll get this up here to take a look at it and get here to take a look. Here we go here. There's the corn. You can see here that that level we were looking at was around a little red dot over there on the right there at $4.20 and a quarter. That we took out. We took out the gap area from May the 30th and but it went a penny below that gap and then turned and I'm trying to buy it at $14.20 and it gets to $14.20 and a quarter. $12.50 It's now trading a little better than $1250 higher this morning and looks like it's got more to go to the upside but that's neither here nor there. You can't get all of them. Remember what grandma said when you go out into that swamp and looking for the old princess you got to kiss a lot of frogs and sometimes you're going to have to do that. That one doesn't work. I really enjoyed the quote that David White posted about the Ray Dalio bridge water and he said investment is an intuitive process you make your bets fail sometimes painfully learn something new and try again during this struggling process you improve your own decision making by constant trial and error this principle obvious to us since Darwin sheds light into the way nature works it is also true for investing decision making. I would like to add to this that what we do in trading folks is exactly I mean exactly what happens in the medical perfection any of you ever went to the doctor and when you went into the doctor's office right on the front door of the doctor's office it says Dr. Maury Lebowitz dermatologist practice of medicine practice of medicine there's the key go to the doctor that says Maury Lebowitz I'm practicing dermatology and I don't have to practice anymore so keep in mind that that practicing is what you do because trading and medicine have two things in common patience you have to have both of those in order to succeed and the last one is more difficult than any of the others because trading is all about the knowledge it doesn't make any difference how much capital you have the capital is all because you can I've seen people with lots of capital lose a lot of money and I've seen people with very little money make a lot of money but you got to have that patience in order to do it and that's one of you know hey I fight that just like everybody else it's no big deal you know that's just one of the things that you have to do when you're when you're doing this so that's neither here nor there so anyway that number that we're talking about in the gold comes in around 1389 excuse me 1313 179 1380 we have the the solar eclipse and new moon we've got mercury retrograde today so that mercury retrograde folks basically what you know we'll have tim boss on we'll have we'll have norm on tomorrow and ask him we'll ask tim boss to on Wednesday mercury retrograde is about communications you're not supposed to sign any contracts or anything like that mercury's during retrograde and I don't know Marshall when does it come off retrograde it's usually about 20 days isn't it I don't even I'm looking at it here to see if I can find it this you know Peter from park city you asked me about the transits for the week that that's the reason why I don't go out because that that might affect me that I think is something happening big and then if I see something in the Bradley model then yeah I'll take a look at August 1st okay so we're in there it's about two and a half weeks right yeah see one we go three weeks almost four weeks okay how many days is it yeah about 30 days so it's going to be in there a little under 30 days that it'll be out in August 1st and remember remember the Bradley model has a big date now that's August 25th that's the anniversary date of the crash of over the top of the market in 1987 when we had harmonic convergence that's that that's the Bradley model that we've been watching and remember the Bradley model is far from perfect but when it's working and when it's working it works pretty good so we'll keep an eye on it to see what's going on right now the market is extremely quiet showing no sign of any imminent big drop of any kind but you know these are the kind that can be the most scary the thing that I watch is the fact that we went up into those triple tops took them out and didn't go screaming ahead is a little bit troublesome and not only that when we broke out to the upside in the stock index futures there was not a corresponding increase in open interest in these things so there were not a whole lot of players wanting to play up in that area at least that's what it looked like when we were first watching these things so let's keep a close let me double check we got a break coming up here I want to check to see what the markets are doing yeah we have we've been negative to the stocks I still believe bonds are going to go a whole lot lower Crude oil has made some type of bottom down in here folks we saw that yesterday or on Friday when we hit that 382 level and the market just literally had a really nice you know move to the upside so those are just a few of the ones that we're watching but of course the euro you've got to watch it we're trading a 1 1217 right now we get a blow below what 111 is a long way away I mean it's a whole a whole handle away but we blow 111 in the euro boy it's big time trouble and it's so oversold I mean we've been coming down here now for what nine days now in the euro with no bounce so it's due for a bounce but the bounce has not come as of yet so let's you know keep that on our plate to watch too because when that euro does go below 111 which I think it will you're going to see a big move three four thousand dollars easy 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. Petersburg Florida the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com for a four year CD in the country as of February 20th is 3.1% $50,000 investment at a normal four year CD rate of 3.1% would give you income of 1550 per year or 6200 over the four year period that same $50,000 investment in the Tiger first mortgage program would give you 3500 per year or 14,000 over the four years what should you prefer 6200 or 14,000 of interest on your investment if you'd like more information about the Tiger first mortgage program you can call me at 877-518-9190 that's 877-518-9190 it's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th 2002 when gold was trading at under $300 per ounce gold peaked at more than $1900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, South African Rand as well as 25 different mining equities with specific buy-sell recommendations as of April 1st of this year the gold report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30 day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of TFNN.com don't let gold's next big run pass you by sign up today will the S&P 500 continue to climb for bold trades on US large cap stocks in either direction trade SPXL SPUU or SPXS directions daily S&P 500 bull and bear leveraged ETFs direction leveraged ETFs an investor should carefully consider a funds investment objective risks charges and expenses before investing a funds prospectus and summary prospectus contain this and other information about direction shares to obtain a funds prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com funds prospectus and summary prospectus should be read carefully before investing in the funds is subject to risk including the possible loss of principle 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 binary option hour next on TFNN OK folks contrary to popular belief I'm going to go down to hey very good Maria thank you Maria you just saved the old Cowboys bacon here's the chart that she's referring to you'll notice here we're at the 78% level here in the E-mini S&P at the 2976 level the problem that I'm seeing here is we've got these ABCD patterns shooting about 10 cents lower 10 handles lower down around 2966 2970 so that's what I would be looking for but this could hold right here it's it's spot on very very important below 2974 I would think that this pattern has failed and you'll be looking at a market getting ready you know to to go a whole lot lower it's interesting if you'll look at this chart here from instance software it's very interesting and maybe you can't see it because the numbers are so small but it also shows you the swings in other words the swing down from July 5th was 35 handles and then the swing that we're looking at so far today is 75 handles twice that so that's why this support is so very very important because if it doesn't hold we're heading down another 10 handles and that doesn't mean it's going to stop there because there could be you know a bigger bigger move that has occurred because you can't get every swing there's just no other way to do this is to get micro you know you got to micro manage it because to keep your risk as small as you possibly can I don't watch the monitors all day long I could I couldn't do that anymore and I don't want to do it and I probably can't do it because it's just too too much going on so I look at four or five different things you know that I like to see you know I'm basically feeling that since we've had these lower tops on this smaller chart I was bearish the S&P bearish the gold bullish the because crude oil on Friday made a perfect 38% retracement down there at 56 and change and took off like a stripe of deer and it's still going higher they're going to have some resistance up around the 58 and a quarter level in the crude oil but right now it doesn't look like it you know it's it's just acting quite nicely that's just let's just put it that way someone's asking a question about yeah they're asking about the old they asked me what the biggest problem was when I went to work for Drexel Burnham if I told you what it was you'd probably laugh at me and that was finding a parking place and that's that's really that's really what it was you know that four-story building right there on Rodeo and Wilshire that building was owned by a I believe it was a doctor and then Milken brought it bought it in 76 when I first went to work there he'd already owned the building so that's it Mr. Z's hosting Margarita parties no it's going to be about 103 with monsoons coming in here we only have Margaritas on either Friday or Saturday there's no alcohol on Sunday or any through the week unless Marshall and Leonard in town then we break the code a little bit but I don't drink alcohol very much at all and I certainly don't drink it on a trading day because just a slightest little bit at my age you know the old kidneys don't put out the old material like it used to so you've got to be really careful you can have a hangover with just one with one Margarita but I maybe drink two a month but let's get back to the biggest problem with Drexel was finding a parking place because they had some underground parking in the building no customer parking at all and all the underground parking was Milken's guys because they started getting in there around four o'clock in the morning and it was really hard the only way we had to go to the structural parking two streets over on was it Linden? I can't remember but they had some public parking there most of the Drexel employees would park there and then they'd go to work and stuff but I figured how to do it and the way I did it was there was beautiful homes right there this is south of Wilshire Boulevard so it was a little easier not north of Wilshire as well all the movie stars and the real expensive stuff is but the homes there at that time were around 200 grand and about a half a block away from there on the south side of Rodero lady was there she had a beautiful circular driveway and she lived there by herself and my secretary Connie told me about it so I went over and I said I worked there and I said I really have a hard time parking here in the morning and I said can I pay you to pay me to park I said I got a really nice sports car so it wouldn't be derogatory and she said well she said no one ever uses it and she says I don't even have a car anymore so I parked there for two years free of charge and it was really easy and then unfortunately she passed away and I had to do something else but by that time we had figured out a way to get around the parking but anyway that was my biggest problem at Drexel folks that was so easy working for them let me tell you that was the smartest decision I ever made I didn't even want to do it when I first started to talk to those folks I didn't want to be a broker but they had all the customers for me they had all the accounts all I had to do was put in the orders and this was when we were charging $50 commission what are you guys paying now anybody out there paying $50 or you're paying about one tenth of that maybe $5 in and out so that's what it was folks it was not a not an easy gig at that time so that was a big thing the buck and a half see there you go Mr. Z you know you got it down to a science Rich still gets $50 for some of his accounts because he handles their money but it's this is a big difference and not only that you have electronic trading oh my god you're just like a floor trader and better than a floor trader because you don't have out trade you don't have an out trade clerk you don't have to worry about someone stiffen you on the other side of the trade the only problem that we have is the internet because if anything happens to that then we're all in big trouble we got to go back to yeah no more runners that's for sure but anyway that's neither here nor there the way I worked when I was on the market was I watched those runners because when the runners came in that means orders were coming in and you were trading against the public when there were no runners you were trading against the locals in the pit and those guys were scalping for a quarter point or whatever it was so you really didn't have to worry so if you had a Fibonacci number there the runners stopped coming in you knew that hey there's a lot of resistance here and that's it sell Mortimer sell that's right got to love that movie one of my well there's a lot of favorite parts of that movie I told you one of course with the yeah when he was saying oh it's a miracle it's a miracle remember when he was on the night when he was in jail he says do you know you're messing with up on the ninth floor and sell number four that was I really I really what a what a great movie the 80s were wonderful movies folks incredible the number of wonderful movies we had during the 1980s but we'll see what's going on yeah well the broker takes the other side of the trade in all forex Ruby you can bet your sweet happy on that I know that because I worked on both sides of that fence but they do do both sides of the trade in in that and they should too because it's they know the public it's going to lose you know about 80% of the time until you learn to know what you're doing and then you'll make a living at it like that quote that David White post about Ray Dalio your hands what $35 trillion that he trades or whatever it is not that much but a lot and he makes a lot of mistakes and we all do heck if you don't mistakes pal you're you're dead that's why those four those four big fears are always silly you know fear of losing money you better get used to that fear of missing out you better get used to that fear of leaving money on the table you better get used to that 877-927-6648 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 trade that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 6 and 3 months our 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 too 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 it 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 in the mid-1984 Bazel Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion well originally hand drawing charts from the late 1970s into the 1980s Bazel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Bazel found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price market trend calls thus was born the Chapman Wave sequence using the Chapman Wave methodology along with other indicators Bazel Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Bazel's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to Bazel's newsletter the opening call today using 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 Ok folks let's keep an eye on this major support here that Maria in the den posted at the E-mini 2975 that's been the low so far right at the 78% level and below that is not very good that tells you're going to go about and the handles lower would be my guess also we're going to be on the show today between 3 and 4pm setting in for Tom O'Brien I'll have some all new material for that because I think it's important that we look at some other things that are going on in the stock market besides the stock index futures we'll update them of course at that time but we'll look at some of the other things that do have an interest in these markets keep in mind that I'll be on all week 3-4pm for Tom O'Brien this week and we'll have some guests on Stan Harley Timbost and of course Norm the Wizard Winsky will be on tomorrow and he'll be talking about his Uncle Abe Silverstein who helped started the NASA with Werner von Braun anyway let's keep an eye on those things folks the key this week is the Euro because if we get it above 114 it's on its way up if we go below 111 which is the bias I would be thinking that we'll most probably be heading down towards that level of 108-105 in the Euro because it could easily break to that level let me post this weekly and you'll see what I mean here folks because it's got some really serious numbers down here you'll take a look here we're looking at 108-105 you can see that really clearly and not only that but look folks we've been at the 61% retracement now here for well over 2 months and now we're trading right at 112 so you see 111 once below 111 boys and girls this thing is not going to have any friends it doesn't have any friends as it is now but this could really you know head it lower I don't know if that means much or not but we'll have to you know keep an eye on it but that's the that's the key one this week in my opinion is to watch that and also if we if we were to have a big move down in stocks this week this would confirm at least a tradeable top in the stock indices so those are the ones that I'm paying close attention to as well as some of the others so live every day in an attitude of gratitude and may God bless