Okay, a couple more things that need to be done in open session. This is the point, we've reached the point rather of the council initiated discussion and again for our ad hoc, this is the point in time where we stop and are willing to listen to you. So if there, if you came here with a burning issue or an idea, this is where things come up, where you feed back to us. This is where the idea came from to have Phil Bourne come and talk to the council. You might want to hear a report on if not one of the other research activities here, a workshop or something else that you think is appropriate to get information brought back to you. So at this point the floor is yours and we're all yours. I'd like to bring up a point, it's off of a comment I think Eric that you made in your report about interaction with the FDA. I am very, very concerned that the FDA inserting itself into the implementation research of using genetic information in doing clinical trials when you get, when you use that information in patients. So beyond just clear, we're talking about FDA. What I've seen happen in the, and a major concern in the newborn sequencing program is not so much, in fact, it's not at all that the FDA is really telling people what to do, but there is a danger and one of my colleagues brought this up of self-censoring, that people are changing their research projects, they're changing their research direction even though the FDA said they do not want that to happen, it's happening because of concern about the FDA insisting on an IED or other sorts of things. So I would just like to bring up that maybe at the next meeting we could have more of a discussion about the role of the FDA regulation in regulating genomics research. So if we can do that, would you like, and that you want this to be, you want to hear from NHGRI staff who are interacting a lot with the FDA, would we want to invite somebody from the FDA to come talk? I think, what's, what's, what's your imagining? Well, I've heard a bunch from Jonathan Giflin, he's been very helpful and terrific right there. I think it would be a good idea to have a two-way conversation, because at this point the conversation has been one-way from us to FDA. I would love to hear the FDA's point of view and see if we can actually have a dialogue. Okay. So Jonathan is going to give you a presentation tomorrow morning, and we certainly heard this, if you want to refine that discussion, if you want to define what you want to hear from us after Jonathan's presentation. Yeah, so we'll have a continuation of this after tomorrow. Bidi? It'd be helpful to have maybe some presentation on the future plans for technology development. So where are, where are we, Jeff Schloss, where are we on, we've had that on the possible agenda, I think multiple councils, are we aiming for February now? We're aiming for a concept clearance in May, because we, by that time we will have had a workshop where various, well, workshops in one format or another. So would we want, that's our plan at this point. So would it be silly to have a presentation in February if we were going to have a concept in May? I think so. Okay. But we'll be having some ongoing planning activities that will culminate in a concept in May. Yeah. But is this all sequencing technology, like sequencing technologies are more broad? No, no, sequencing technology will be included in the discussion, but we intend it to be broader. Okay, good. Yeah. Okay. Ursula? Yeah, I have a suggestion in terms of interaction with other agencies or organizations about bringing PCORnet to talk about their initiative and speak about the bio repository in particular. Okay. We could look into that. I think we've exhausted them. Okay. Very good. Thank you. Let me draw your attention to three items of interest. You can find them in the ECB or link to the council open session agenda and the council webpage. These are the quarterly reports from the American Society of Human Genetics, the Society of Genetic Counselors, and the American College of Medical Genetics and Genomics, if you want to see about recent activities and updates from those societies. And finally, I am required to read the conflict of interest statement to you. This applies to the review of applications that will be performed in the closed session. You must leave the meeting room when applications submitted by your organization are being individually discussed. In the case of state higher education or other systems with multiple campuses geographically separated, own organization is intended to mean the entire system except where determination has been made that the components are separate organizations for the purpose of conflict of interest. You should avoid situations that could give rise to changes to charges of conflict of interest, whether real or apparent. For example, you should not participate in the deliberations and actions of any application from or involving your spouse, child, recent student, recent teacher, professional collaborator with whom you have worked closely, close personal friend or a scientist with whom you have had longstanding scientific or personal differences. NHGRI staff will determine the appropriate action based on recency, frequency, and strength of such associations or interests, either positive or negative, and will instruct you accordingly. In council actions in which you vote on a block of applications without discussing any individual one, the on block action, your vote will not apply to any applications from any institution fulfilling the criteria noted above. Please sign the conflict of interest form, which has been provided to you in your folders. We will collect them at the end of the meeting. So once Eric hits the gavel, the open session will be concluded. We ask you to stick around for five, ten minutes for them to disconnect the cameras. We'll come back to the second closed session. So we'll start at about six o'clock. I'll say six. OK, we'll talk about what we're going to do from there. All right, I will close the open session. Thank you very much.


It's a bird's snag right here, but what else do we see in our visual acre? Walking around the acre, there are not many snags of any size. One of the two is right here.


I'm Michael Johnson I was born and raised here in Alexander, Virginia back in November the 13th, 1956 to be exact. I've also went to public school here pretty much stay here my whole life. You know right now I work for the Department of Recreation as the community outreach slash excuse me safe place coordinator. I went to Charles Houston to sit here at elementary school uh prior to my family moving up here and then my brothers well remember I was nine my younger brother and sister was eight you know and I had a couple of older brothers and uh when we moved up here from Queen Street I live right across the street from uh was on Queen and uh West where Jefferson Houston sat down it was a school called Jefferson High School all white set up on the hill and we used to always look over there with just all white students. Well this was where my father had grown up as a kid so this was his uh neighborhood too. You know it was a little different back then you know it was different when I grew up but yeah this is the neighborhood he come out of also so he just moved back into a familiar setting you know and uh my father was a groundskeeper my mother was a cook at uh the famous Dixie Pig restaurant and she she's worked there for like about 40 years I believe but my mother was the only person I knew that could well the only one I know in my family that could cook and bake and didn't need a recipe or you just tell her you know you tell her what you wanted and she could just get it done you know uh so then from there I went over to Parker Gray which was located uh it was Parker Gray Middle School and that was for 7th and 8th grade and that was on Madison Street and it was the first time I've ever seen a white teacher you know and it wasn't one of it was about like six or seven so we weren't really used to white teachers you know because when we left Charles Houston I'll never forget uh the superintendent we used to have what they called May Day and it was right out here on this parking lot but it was you know a big big parking lot there and with the schools in here and we practiced for like a month to do these dances around the I call it a lollipop pole whatever and little skits and the guy walked came down the steps because he used to be a back step to Charles Houston uh he came down the step walk to the parking lot look turned around went right back out and we was like as kids we knew like I would say dad you know because back then I was cussing too but I would have said the D word you know and I was like wow he didn't even acknowledge us you know we just get books that they used to send down here and people my age could tell you that they went here in other schools the books was like Jack and Jill fun with uh Dick and Jane like that but either the front cover was ripped off or the word monkey was written in there or I mean but we that's what we had to work with you know and that's what those teachers back then I I truly honor them because they set the pace for a lot of us because my father was born here but he couldn't go past sixth grade you know his father couldn't go to school at all and you know his grandfather definitely better than I've been reading or writing back in them days you know so those are the type of things that always was in me burning you know why people are treated this way but you know it's cool you know we're surviving it but this place here was uh it's like second ground to me I guess you because I get choked up talking about it because the lessons I learned here and once we went over the park of gray uh it was hard for them to transition into us because if I was a minute late because I couldn't get my lock open if I did that three times in one week I got suspended for a week you know and going through all that I was going through uh the race rides that happened when the guy Gibson got killed at the 7-eleven I was young you know and trying to put that together you know first of all you know uh the race relations uh in this city hadn't improved that much you know what I mean the black state on that side the white state on that side and then we're talking about later on in the 70s when we started really mingling it up but uh no back then from my perspective the problem was that most of the whites just couldn't accept us you know we was told to love everybody regardless you know and my mother used to say it's good people that's white it's good people that's black and she used to point out the different colors so that's what I grew up in you know like now a lot of these kids not coming up like that but that's why I thank my mom and so much but yeah but once we got over there and dealing with their system it was like uh why are we here so a lot of guys that did well in elementary school they started turning the driving out because by the time we got to the eighth or ninth grade I think I had lost like six buddies that I used to hang with you know from elementary to middle school got disinterested in school back to your original question uh Mr. Gibson he got killed in the 7-11 and the guy planted the knife on him so that sparked off some racial tension but the tension was already here because blacks were still being treated subhuman you know seriously and I know a lot of people don't want to hear the truth but that's what it is the truth and got your you know what some of them had came to Martin Luther King Malcolm X so they were ready to go anyway me being younger than them I'm watching them like whoa okay well this is what it's all about you know uh and they're harrowing power to the people I wanted to find out what that was about but that one sparked that uh the burning and the rock throwing and all that you know and that's I think that might have been the first time that the whites and Alexander was like hold up you know we got to start paying attention to them over here because ain't nobody going to want to come here and make this an all-american city and I'm just trying to make sure I help them keep it as an all-american city just by standing up to the promise that you may you know uh just like the constitution what have you right bill of rights hey you know that's what it's all about and I truly believe in it you know well with Robinson library was a library uh we wouldn't go into the library you know uh it did when I was about 12 it became what we call a counseling center you know I'll reach to the youth in this area and I think the first time we set foot in uh any library I know of me going out on Queen Street I might have been in the fifth grade you know really that's just what's the place we didn't go you know and uh we didn't understand the importance of that one of the gentlemen uh Williams he has a relative still here I mean that lives here because they grew up here uh Bubbie his grandfather married one of my grand my great grandfather's sisters so that's how we became cousins cousins with the Evans not knowing that when we went in there when I was 10 years old not knowing that it even occurred because nobody said anything about it you might hear a little bit of and that's why I think some of our parents kept us from there uh because they said well don't go around on that Queen Street library and when we tell them we went out to the library don't go around there you get in some trouble that's all they used to say because they came through that because my father was born in uh 1922 in you know here in Alexander so I know he's seen all that you know and they used to tell us little things like that but that library uh we may have made it off limits to ourselves mentally because you know things we heard but there was nobody really trying to invite us in either you know so it is what it is you know let me give you the classroom yeah Charles Euston let's start there because I never went to kindergarten so we're gonna get that one out of the way right couldn't afford that Charles Euston had deaths that had probably been there since it was first built some of the chalk boys was crap even though the teachers had to take the chalk to write on the boards I'm left handed every death was right handed you know so I had to learn to write upside down you know uh the rooms were like old cabins seriously I kid you not it was on this site Charles Euston right here yeah I uh no when I went here with the six and then you went over the transition over to Parker Gray Middle School from there but uh we didn't have the best equipment you know but they taught us how to spell our name it taught us how to if you had a phone to dial your number and count learn how to count the basics and a lot of them always said something about keep reading keep reading they would throw stuff at you to read you know but they didn't have a lot to work with they didn't and I think we got everything that it was either broke or they was ready to throw it in the in the dump junkyard somewhere you know uh very seldom the only thing I was seeing that was new when I was going to school here that was in the sixth grade because they just saw us they just separated the girls you know when they take you out and they show you all one film about purity and they show them in the other film that's the only time I saw a new projector you know because everything else was either chalkboard or those big old numbers on the flip chart you know or animals designs on flip okay I'll start from uh how I got there my mom I used to drive with a real member brother that we would take her to the doctor or something like this I used to come past there you know uh right before she retired and she would always say it's an old cemetery over there and uh it's been abandoned or something she said Michael your grandfather in them is over there something like yeah okay and I was about 34 when she told me that right my mother died going on four years ago on mother's day and six months after her death no maybe it was like four months after I went to that cemetery and I was looking and looking how messed up it was and then I took another month or maybe a month and a half to find my great grandfather Warner Johnson who my dad was named after and then find records to say that my grandfather Albert Johnson who died September uh the third 1956 I was born November the 13th 1956 so I never got to meet him and when I saw that it was like whoa wait a minute and then I looked and I'm like hold up it's a whole lot of more headstones so I started walking around mapping out of my head names for some reason and no this is a true story I know it sounds a little far-fetched but that's how it went to me and it's like what do you call them epiphanies that's what it was and it's like why am I doing this but I just got to walking around so then I started looking at the dates on the grave headstone then I'm looking at the condition and then I went down and it had flooded and they just set me off and I came back and it the water was still there and then when it rained again it flooded and I said something wrong here and then there was this white gentleman and I hope he don't mind me mentioning his name named James Blackman he said I saw you out here two years ago you're still coming out here and I told him the story he said wow any help I can be let me know so I said oh wow that's cool he said because this he said this ain't right you know so that project right now and it's still we're having dialogue so looking at what was going on at Douglas and looking at what wasn't taking place I said hey you know what I gotta bring the group I help start the sRG social responsibility group and get some help and I got told them it's like a kid drowning I don't care what hand reaches out to save you when you drown and you grab the hand whether it's pink green white black blue you grab that hand that's life that's what I reach for and everybody like I said they just came together we want to work with uh Alexandria Historical Association in the city to even help them raise money the social responsibility group we put that together because we saw uh uptick in young people getting involved in uh legal system you know guns and fights and so forth so we started that group say well how can we be uh instead of finger pointers how can we be an asset to help other city agencies and nonprofits so we came up with their name and then I worked also with the five fighters and friends in the rescue so we do we do coats backpacks turkeys toys you know along with a guy Keith Burns who's from here two times Superbowl champion with the Denver Broncos uh then we worked closely with the sheriff department you know uh with their program they also had police department you know uh with some of their youth outreach program um so some years ago about nine years ago I would say now these agencies really wasn't working together uh I'm a boast and say I kind of like brought them together because people are there you know because people are territory around here that's the other half of our problems you know and then um I was doing something in the school pathways to manhood uh working with some of those young men that was on the border but you could pull back uh did that uh so just about anything in this community they want to volunteer for I try to help out you know I try to help everybody you know regardless


Communities all have requirements about building a house so that the lowest floor of the house is above the height of the flood. So that if a flood occurs, the house really isn't damaged. But every one of those houses is built in compliance with this floodplain management of the community. We'll have a fuel tank sitting on the ground that will probably float away. Heating oil is used nationwide. Primarily in New England, in the mid-Atlantic states, most of these tanks sit outside their homes and they sit on the ground. And the only things that hold those tanks to the ground is gravity. First night at about four o'clock in the morning when it got the highest, everything went. Rising water is going to act on those tanks and make them buoyant. They will float. And when they float, what happens? Well, they're not going to be at the side of the house anymore. They're going to float into the yard, they're going to float next door, they're going to float downstream. You're going to lose all the oil that you put in those tanks, which today for a heating oil tank that's like around 285 gallon tank, you're looking at around $500 to fill one of those tanks. That's a lot of oil value to lose. Then I started sucking the oil out, but I had no place to put it. I mean, it takes a very expensive cleanup to remove the oil and then more importantly, remove the odor. Damage is everywhere. His house is about to destroy. My oil tank fell away. The water was up to the window, to that air conditioner, the water was up to the window. They said once it's wet, that's the end of it. Isabel taught us that when in fact we do get floods, these tanks will upset and will cause an environmental disaster. We estimated at the beginning of the operation that there were approximately 2,000 tanks that were going to need to be pumped. We have an oil spill from these upset oil tanks that we're paying out about $15 million to clean up now. The idea is that we don't want this to happen again. We want this to be mitigated by anchoring these tanks. Mitigation is actions taken to try and reduce or eliminate damages from future disaster events. In new homes that are built or new businesses, the flooding program says that you have to anchor any tanks. However, the guidance on how these tanks have to be anchored has been very skimpy. All this can be avoided by strapping the tanks down and ensuring that the flood water doesn't get in the tank and the oil doesn't get out of the tank. Let's talk about propane because propane gas is used much more nationwide. A lot of the folks that heat with oil will cook with propane. Propane tanks, when they float away in a flood, they many times will clog up at bridges. We can have literally dozens of propane tanks that are all banging together clogged up against the bridge. Even if that roadway is not submerged, that roadway will be out of service. I can guarantee you emergency management staff and the police will have closed that bridge because of the risk of fire and explosion. So you have a considerable public safety issue with propane tanks. Propane tanks are pressurized tanks and you're not going to worry about the propane leaking out of those. With a propane tank just anchored the tank to the ground so it doesn't move. Now heated oil tanks is a whole different situation because they're not pressurized tanks. You have to put a fill cap on the top of that tank that will not allow flood water into the tank, will not allow oil out of the tank. And that means a screw on tight fit gasketed fill cap. Most of the older tanks have a flip top fill cap which is very easy for the oil supply company to come flip it open and fill the tank. So when the tank floats turns over, flip top cap flips open and all your oil runs out.  And if you use a well it can very likely be contaminated by oil percolating down into the soil. So simple measures can be taken and the way you do that is to anchor the tank so it doesn't float. If you have a flood, basically we're talking about homes that are located in areas that risk flooding. If you don't have enough anchoring strength to hold down an empty tank fully submerged it isn't going to work. There's lots of different ways you can anchor tanks but the thing is a lot of the ways are very expensive. We are here today to suggest a very inexpensive though very effective way to anchor fuel tanks so that they will not float. And the way you do that is to use ground anchored. Now they can be anchored directly to the ground by using the same type of ground anchors that are used nationwide to anchor manufactured homes, mobile homes. The engineered system to anchor manufactured homes works just as well on holding down fuel tanks being your propane tank or your heating oil tank. It's a very simple system. It requires just two straps going over the top of the tank and two anchors on each side so that you have a total of four anchors and two straps holding down your fuel tanks. And if you do that and if you use the right length anchor the tank will not float. So the three things that you have to do to make sure that you have a what I'll call a flood proofed tank is you have to anchor the tank. You have to extend the height of the vent pipe above the height of expected flooding in your area. And you have to take the fill cap and change it so that you have a tight fit gasketed screw on cap that won't leak. What you need is to access the same people that and the suppliers that provide for mobile home tie down. And you can use those products to tie down fuel tanks. It's very, very easy to do. The Environmental Protection Agency has said that one gallon of oil can contaminate a million gallons of water. In other words it takes a very, very little amount of oil to do a considerable amount of damage. The cost of cleaning up the oil contamination is huge. The cost of just replacing the oil is a significant cost at the time you've also got flood damage. Why face additional unnecessary losses and contamination if it can be avoided by anchoring tanks? Anchoring tanks is a good idea for you, the property owner. It's a good idea for the environment. It's a good idea for your neighbors. It's a good idea and it's inexpensive. Homes that have heating oil tanks or propane tanks that are located in low-lying areas may be flood-prone. Now this could be along rivers, it can be along coastal areas, it can be along bays. But if you're in a low-lying area, it's important to anchor the tanks. Because it's possible that you could have rising water, you could have tidal surges that could float the tanks off the ground. Most tanks are not normally tied down. The simplest way to tie down tanks is to use ground anchor. Ground anchors have been used for many years to tie down mobile homes. They are metal rods that screw into the ground. They have an auger head on them and you use a machine that screws them into the ground. Now before you start anchoring tanks, the first thing you want to do is you want to check with your local utilities and make sure there are no buried utility lines. I'm talking about water lines, natural gas lines, electric lines, sewer lines, telephone lines. It could even be a sprinkler system at the home. You want to make sure that you're not going to try and auger a four-foot-long ground anchor into anything but dirt. The best way to install ground anchors on fuel tanks is you install two anchors on each side of the tank. When they're in the ground, four feet, they have a pull-out strength of around 5,000 pounds. So these anchors are very strong. Ground anchors are installed with a specialized machine. This machine is used by people that install anchors for mobile homes. Now once the ground anchors are installed, two on each side of the tank, you merely run the straps over the top of the tank. And there's a slotted bolt on each one of these ground anchors' heads. The strap goes through and then you just literally wind it up and tighten it. And then you lock those bolts in place and the tank's anchored. It's just that simple. Now we recommend that you use galvanized anchors and we recommend that you use stainless steel strap. It would be a good idea to put some kind of rubber sheathing on the straps. The tanks are painted and you do not want to damage the paint, which is a protective finish on the tanks. Tie-down systems will last as long as the tanks they're holding down. Propane tanks, which are the horizontal tanks, have four anchors, ground anchors, and they have two straps going over the top. The vertical propane cylinders have a harness that goes around the top of the vertical propane cylinder and they attach to a ground anchor on each side of the cylinder. Heating oil tanks are not pressurized. They have a vent pipe and they have a fill cap. Both of these are places where water can get into the tank, so you want to extend the height of the vent pipe. Now how high do you extend that vent pipe? You'll have to talk to your local floodplain manager at your local community. They will give you an idea how high you may expect flood water to rise at the location of the tank, which means that you'll know if is it going to be a foot above the tank or is it going to be four feet above the tank. Once you determine that flood height, you want to extend your vent at least one foot higher than that level. The oil fill cap is another problem area on a heating oil tank. Make sure that the oil fill cap is a screw-on cap that has a gasket so that if flood water rises above the height of the cap, that water will not get into the tank and oil will not get out of the tank. In summary, the three things we do to a heating oil tank is we anchor the tank to the ground so it will not float. We extend the height of the vent pipe so flood water will not get in and we use a sealing fill cap so that no flood water will get in and no oil will get out. What we have now is a tank that's flood-proofed.  It's a good thing to do.


You're welcome back. They embattled former Deputy Senate President Ike Kweramadu, told Justice Nyangekwo of a federal high court in Abuja on Thursday that the Economic and Financial Crimes Commission was responsible for its travails at the London Court, where he had been in detention over alleged organ haves since from June. The ex-deputy Senate president, in an application by his counsel, Chiva Adeweyga, or Womulu, claimed that the for-feature order was granted to the federal government in error because the EFCC suppressed information and facts in respect of the properties. Specifically, the senator, who has been detained since June 21, 2022, alleged that the EFCC fraudulently obtained the for-feature order for the government by concealing information that the investigation on the 40 properties started as far back as 2008. Ike Kweramadu therefore prayed to the court to set aside the for-feature order and stay proceedings in the matter until he resolves his ordeal before the London Court. However, counsel to the EFCC, Silvado Stahir, denied that the commission was behind Ike Kweramadu's ordeal, while admitting that the EFCC wrote to the London Court based on a special request. He said that it was a normal routine for anti-graft agencies to exchange information that would be helpful to one another. Well, joining us to discuss this is Oladotun Hassan, a legal practitioner and Charles O'Toole, a political analyst. Gentlemen, welcome to the program. Well, it's a pleasure to be on your program. Thank you for having me. Good. Let's begin with you, Dotun. Ike Kweramadu is in a faraway land. It sounds like a fairy tale, far, far away in the United Kingdom. And here we are in Nigeria doing what we're doing to him in absentia. He's made to face the law here and is requesting for more time so that he can resolve that issue there in London and come back to the country. Now, this case of Ike Kweramadu, is it such a case that it can be done in absentia? Because maybe some cases are very, very serious that you don't even need the individual to be there and he can be convicted in absentia and all that. What are the kind of cases? Does this one also fall under those kind of cases that can be, that the person can be prosecuted while he's absent? Well, let me first perform a legal record straight. Well, in as much as the London case, we see on average a woman who had abuse, that is the ongoing case in London. And the separate case is pending, that is what's pending before it's a remit in London and all these other issues that came about have been there. So, and the order that ESCC sorted was on the future order of proceed of crime. They believe that the always and every property that was end was at the proceed. And it can be obtained via a court order. Just in order not to dispute those properties or sell it off, the court needs to protect those properties that they suspect to be proceed of crime. It's protected under the ESCC Act to apply in that regard for the protection of such property, there for future order, as well as the ongoing cases. So, in as much as the ways and manner, the introduction of the London case to this matter, to me, I just see it as most ridiculous for anybody to equate ESCC to be behind the London case. The London case is not Nigeria that anybody can sweep anything under the carpet. As simple as we may think, the matter is it's a severe offense in that place. So, it breached the laws of the UK. So, and you cannot expect ESCC to not be the windchant.  So, I don't think the claim or the headline, I believe the lawyer should withdraw that. And I think here, Equino Maduro is well learned as well. You shouldn't put up the London case to equate to the ESCC case. Inasmuch as the matter is this subsystem before the court, I would want to prejudice the outcome of the application by his own lawyer. But we should correct the record that corruption cases, as far as it's concerned, they can grant anything in absentia, as far as it is bordering on allegation that revolves around corruption-related issues. And nobody should see ESCC at a windchanting. If you don't commit crime, you will not be pursued in the manner the ESCC is going. And this should stop as a deterrent to all our political leaders that they should not take us for granted. You can see how much of billions is being recovered from the accountant general of the Federation. And that is the person in charge of our budget, our spending, our live wire. So if these people just take us for granted and are the heels of a pinch from the ESCC, they start crying foul. What if the money that the embezzled are used to acquire over 50 houses across the world, we didn't know Abuja and everywhere, those are the monuments for the road construction that people died every day in the Far East, West Road. Those are the money that was meant to build agriculture, build the use of the eastern part of West Road. So, but the fact that we've been embellished in the act of corruption, nobody's trying to call anybody to hold that, they believe it should be a culture. And I think this ESCC is on the right path. And they should go after all that, since there's no such similar criminality tendency. So we cannot continue to reject failure. I would think we are managing a state as a country. We need to have our democracy working. We need to be all standing and we need to support the ESCC to achieve its constitutional impact. Thank you. If we have time, we'll revisit that. You've talked about the fact that ESCC is doing its job and all that. But let me first of all just hear what Charles has to say about this before we revisit the ESCC and the kind of functions and the accusation of a quermado that the ESCC may be complicit or something. Charles, what do you think about this whole thing? Thank you very much. The work Mr. Dottun has deposited is, say lawyer is very correct, the law should always take its full course. And that is what Nigerians have come up for. Just to differ in a way, to say that in the case of the argument by Primaris Lawyer, when I read the lawyer, the SCL, if you can read in between the lines, it appears to him that it is the case of the wish cried in the night and the baby is dying in the morning. Now he cited that Primaris, the ESCC is claiming that this investigation started around 2008. And that since 2008, this is 2022, that is a period well over 12 years. So that for 12 years you were investigating this man, you were concealing information. If you read the lawyer very properly, his argument is his on the fact that information was being conceived by the Commission from even if we're a man of himself. And in that case, just like in the long, long court where a man is being tied, none or in the Nigerian legal systems he oppresses in such a way of manner that one is subsumed innocent until he's proven guilty. That is the import of the laws of our government, the constitution and our laws as it were. But if you look at it, why would we want essentially the ESCC or the courts to get a pre-model and dogged new convincingly, in a way that the facts would be laid and the public would be convinced. The lawyer may appear to be calling the sympathy of the public, but if you look at his argument too, there are some sense in it. The question would be, since 2008 when the ESCC started getting a pre-model, have the Commission been communicating the public on this? Or is it the case of, oh, Bob, the child, Bob, someone's because he's absent? These are the questions that should arise from the disposition of the mother's lawyer. And we shouldn't just maybe think that the lawyer is crying because he wants to protect whatever interest he may have as someone who is handling the matter. So I would like a scenario where the Commission comes out clearly to say, yes, in response, instead of protesting or demonstrating as they are alleged to be doing, the ESCC should come out to say yes. Since 2008, we started this investigation 12 years ago, these are the facts we've laid before the table of the accused. These are the ways we've communicated the facts before going to court to ask for future of those 40 houses. It is ridiculous, really, that we have a brand of politicians who do not look for their children they look for even the people, you know, they just look in the way that, you know, how can somebody have 10 houses in Apuja, for instance? I mean, it's ridiculous, it's crazy, and anybody who hears the number of properties, don't bring about 40 as the ESCC have said. It should worry us that these are public office owners. It should worry us that these are people that have been presiding over Apuja's in the last couple of years that the state has been the president of the Nigerian Senate. So why all this is in place? My own concern is that the ESCC should come out to claim to say, look, we didn't conceal any information. This is how we've communicated our investigations since 2008, because you cannot be investigating someone for instance since 2008. No information is before the public, no information is before anybody. The public is just getting to know all of this, so they are going to have to do that. ESCC is taking advantage of the absence of Ekweremadu to ask for those properties to not only be prohibited, but to be taken over by the federal government. That is my disposition. Okay, well, let me come back to Hasan now. Based on the strength of the argument of Charles just now, there are a lot of things in this case. Now, what if Ekweremadu really does have some evidence in his favor, but he's not around? And people are also very suspicious of the fact that in the Nigerian justice system that a lot of things take so many years, suddenly between June and December, where Ekweremadu has been in London, his case is very fast. He's not here. And then also you talked about EFCC being the ones that will teach these politicians a lesson by showing, by using some of these people as examples. Yes, it's a very good thing. But we also know that EFCC chairman, the immediate past EFCC chairman, is in custody because he himself was corrupt. So is it not possible that maybe Ekweremadu should have been given the benefit of doubt to come defend himself? Why the haste? Even though the case has been there from 2008, why is it now at this point, are the people who are suspicious not justifiable in their suspicion? Well, we don't need to overcry on the issue that borders on law and the procedure of interest that is before the court. Well, there are investigations. Investigations can take a number of years. That doesn't mean it will be later to have been someone to the court for the fact that he's facing one crime and one challenge or the other. Then we should forego the order. What I'm trying to say here is that we shouldn't be over sensationalizing issues. In this part of the world, we are too much over crying on issues that come to the media, cases of popular politicians. Why we forego the fact that these practices of corruption, of believing corruption should be promoted, we need to really think twice as a nation. We cannot continue as a nation to see things from different prisons. People may see it from the prism of ethnic bigotry. Some people may see it from the political point of view that, yes, because the Kurumadu is running as some of his enemies are behind him trying to pull him down. Please, we should learn to think outside the box. So the fact that there is an allegation, it needs to be proven beyond reason without that is guilty. But most of this thing that we are being pursued now are the property. It still has rights of appeal. But for the fact that we know that if a case is already ongoing against the politician, all they do early enough is to withdraw their monies, withdraw their children, sell the properties that they may not even disclose. These are one of the the ailments that we are overhauling about. Where is the morality?   And when do you start acquiring those? What would have been the source of your income? How do you really get to acquire those things if there are no symptoms of corruption? So for me, I'm not trying to say that, oh, we are putting the cap before the seahorse. But let us begin to take cognitive interest as citizens. Let's begin to make noise. But the fact that the Quiribadu today, any other person can be tomorrow, it doesn't mean that if it is this person now that we should begin to do because it's ethnic. No, let anybody that is following one thing, let there be a proper procedural investigation. Inasmuch as these are investigations that the ESCC found so worthy, they've only brought an application for the perpetual access. Okay, so Quiribadu still has a chance. It might be eatery before the final perpetual can be gotten. That might be after the judgment of that matter. But because of the protection of those properties, the ESCC needs to do the needsful and they are protected under the law to do that. So inasmuch as the lawyer might be putting out an issue that worked, there are a lot of issues that were never disclosed, that were shielded away from the public. Let the Quiribadu himself through the lawyer, let them tell us what are those issues that were never put before the public. If they are eating facts that we all need to know, let them put it in the fact of complicity from the ESCC officials. Let us know so that we know our common enemies as citizens. People should not begin to take us for granted.  But whatever things that would demean our citizens, the ESCC should go after every corrupt politician, everyone that is found wanted and will continue to raise our voices. We know it's not easy because in the same corridors of power, there are a lot of angels of corruption flying and hunting every night and day. And I pray that Nigeria will survive all of that. That is just my prayer. Okay, well thank you so much, gentlemen. This is where we're going to wrap up. It's a term for political olympic, as I like to call it. Every four years it comes and then we hear a lot of things, some of them unbelievable things. But like you have said Hassan, everybody has to sit up and let our voices heard, especially when it comes to fighting for our common good. And also you have said something really very reasonable. Let everybody be given a chance to defend themselves and all that. But here we are, it is our Nigeria and we hope that we can make it as good as we want it to be. Thank you gentlemen for coming on the program tonight. Thank you, thank you. Thank you, Robert. So this is where we wrap it up on plus politics, but before we go, we are going to leave you with the highlights of the week. And as you enjoy that, my name is Nyam Ghul at Gadget. Let's do it again on Monday. Bye for now. Have a brand new law, the lecture acts. We're going to try it for the first time, the amendments that demand biometric authentication before that counsels the need for incident form and also counsels the need for the collection center, which is the center where they live in Oklahoma City. So we're changing our country, let us see how it will go. We are quite optimistic that this will help. And that's why you see that you have much more optimistic about the politics that those who believe in transactional politics are the ones who are thinking of the older other. So I think you can be very optimistic about next year and I want all Nigerians to be optimistic to see the letter as something similar to the civil rights act. I want Nigerians to be hoping again that the better Nigeria is possible. The people should be the one not interest, not about you and showing that no, the incoming governor will not understand what is happening and will not be able to achieve his results in case of that. What I see here is politics. People don't want any other successful government or the government that is sourcing them. It's not when they're not in the same party from the same party to succeed so that they will have a positive to also say we want to come back or some other thing. So you need to say, look, we are all working for the state. We are all at our work, whether I am from the PDP or I'm from the APC, what we are fighting for is in the interest of the state. So whatever that would benefit the state should be our interest, should be the paramount in our mind and not politics. And what I see here is politics. So we can get results by way of asking more questions from the outgoing government. They need to come and ask some questions. They need to ask, they need to dig into it and say, look, who are those collecting this money? Are there money being paid? Are there no money being paid? If money are not being paid, then you have to move to different government and say, look, why are these people not paying when they have license from you? Or what is happening? Or are they being given to operate freely? Or what is the issue? The lack of political will from the politicians themselves. Unfortunately, in this dispensation, not just the Mamadwari-led administration, since the turn of democracy, we have not really fed well in the way our politics has been played.  Our politics has not been smooth at all. And somehow, I think it's just this part of the world.  So stay out of it. If you are clean, stay out of it. And so almost it's like a home of criminals. So as it were, it's almost like it's left for terrible personalities to get into the space and do their bit. And somehow, even though that should not be the case, that's what we are seeing.  And even though their leaders say nothing about this, or even when they say it, it just ends like the holy book will say. It's just lip service. We pay lip service to all of these. And then the security agencies seem to have been compromised. They seem not to be doing anything tangible about it. How many politicians have been prosecuted for electoral violence across the country? Since the turn of democracy till now, lives have been lost. And lives continue to be lost. And nothing seems to be happening. So we need more agencies to come out and talk about this. People need to know that we cannot become canon foders in the hands of these daredevil, some of these daredevil politicians, not all of them. But we know that somehow it's almost like no matter how good your intentions are, the moment you step into the arena called politics, you probably begin to sing a different song. It's almost as though you drink, like we always say, table manners. You begin to eat with criminals. And so you are not supposed to speak while you are eating, while you have the food in your mouth, until you leave the space. But that should not be the case. That should not be the case. We must have to begin to enlighten ourselves, voter education, citizens participation. We must begin to hold ourselves accountable.


The following is a presentation of TFNN Trade what you see With Larry Pezzavento Toll free at 1-877-927-6648 or internationally at<PHONE_NUMBER> Now Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis. We are Officers are in Tucson, Arizona this week because we want to be in an area where it's nice and warm and we don't have any protests out here Which is pretty good at least not yet So that's what we're looking at I posted a chart for the Dax and the footsie You can see both of those have moved up a little bit That's important I think because the rest of the world is going up also The one thing that I wanted to point out to you comes from Australia folks This is really an interesting one. This is a firm that They deal with Trading yet when they call those things. Oh I can't remember the name of it, but it's a trade. It's a trading company like Merrill Lynch or whatever But anyway, you notice that when they when they on the opening part of this it tells you that 73% of their customers are losing money now that is that is really an informative piece of marketing information And the reason why most people lose money at this is because they don't know what they're doing when they come into it But the people that can stick with it over a few months a few years Whatever it takes you will make it because if he didn't then you know this there wouldn't be a business at all But a lot of people do make it it just takes time You just don't know when you know you can turn the corner when you finally see the light like Archimedes said you Eureka So you just got to keep going for it But I when I saw this ad someone sent it to me and he says is this true Actually the number is quite you know quite in line with what Mark Douglas did You'll notice it says 73% Well when I first met Mark in 83 He had access a Merrill Lynch had hired him to see why 80% of their commodity people were losing money 80% and he had I think over it was over 10,000 accounts that he had He didn't have the names of the accounts but he had all the trading and he went through all of that to see you know why people were losing And the two main reasons that he came up with is one their stops were too close In other words they were micro trading and the second reason is they didn't have any stops in at all In other words they would just put something on and if it didn't work you know they blow out and you know that was about it But of those accounts the ones that had been with them longer You could see that there was a trend that the more the people stayed in the market they would make it So if you're out there and you're still struggling you will make it it's just a matter of time You've got to find that point where you know like Archimedes you know Eureka I found it And that's my point was you know when I looked at the ABCD pattern that was enough for me to Say yeah that doesn't work all the time but it works some of the time and then later on I got Gartley and stuff like that The second question that I got over the weekend was is this market any different than any market you've ever seen before And I have to say folks the answer to that is no we saw this one other time In the dot-com bubble in 2000 this was much much greater in 2000 than it was now If you remember that's 20 years ago it's hard to believe but most of you people have known for over 20 years Well not most but some of it folks you they would come out companies that didn't even have any income coming in If they had a 10% increase in sales they could double in price I remember some of these stocks they're no longer with this world calm global crossing you know it was just so many of them That you just don't it's just a credit incredible the number I can't remember all of them it was really amazing But they were what was a second more networks I mean there were so many of them you just can't think of it But that that we will probably not see again in my lifetime you young folks will see it again But that was an incredible time I mean it was you know you can't really describe it unless you live through it And I remember March the the doubt the doubt top in January of 2000 but the Nasdaq didn't top until March of 2000 Actually March 24th I believe was the 23rd was the high on the 24th I was at the money show in San Francisco And the people were walking around with their equity run showing how much money they had made I mean it was incredible and then when I had my my little talk there there were about 250 people in the room And I you know they were just talking all the time and if you're a speaker the one thing that is absolutely distracting And nauseating is when people are talking and not listening to you not that nothing I say anything important But it's very it's very irritating and I finally you know I don't put up with it I don't need it And so I got up on the table and I said look I stand I stand I stand from my feet on the table And my friends who were with me they were laughing so hard anyway I said boys and girls I said you don't realize what's happening I said there's a train coming down the track I said you know and it's going to run right over you know that's it you know you're going to be in big trouble And you know I gave him some other stuff and gave the speech and we stopped talking and I made it through the hour One lady called me afterwards the next two or three days I told her to put a stop under the low Friday March the 23rd I said if you go below that we're going to go a lot lower And of course Monday morning it did that I think she called me on a Wednesday and thanked me for it and I said well did you get out she said oh no She said I'm just looking for another buying opportunity I figured it probably came in on this today So I was ready to buy and I said well I think you ought to wait a little bit never did hear from her again But that was the high of the market and it gave 85% of it back Folks there is a giant danger warning signal signal out there folks I mean a big one we've seen that fear index before the greed index But this is the one you want to pay attention to this is the put call ratio This is a number of calls bought versus a number of puts Look at the bottom of the stock market you see way up there at the top when it was a 1.275 The ratio okay that was the bottom of the market on March the 13th Okay now look where we are now we're at 0.4 0.4 folks this has never been there before So something's going to happen might not be today it might not be tomorrow But it's a common and so be really careful I'm watching the shorter term patterns I saw that one of the NASDAQ last night that Maria was pointing out to us this morning That was a really nice one and the NASDAQ has been the leader of the market all the way Now it closed really strong on Friday but it's acting you know every time it goes up it drops right away The other thing is open interest is dropping folks we have less open interest in the S&P than we did a month ago And that's you know if you and it's been going up a month so that's all short covering There's no new buying coming in there if it did you would see it and that's a that's it I think it's very important So now that I'm off my soap box if you'd like to call in<PHONE_NUMBER> We have the Shane Mann coming on today which will be good And I think I've told you about the other folks it'll be on so it'll be Oh I think I should run through it we've got tomorrow's going to be Dr. David Paul One of the mentors of Tom Hougard Stan Harley will be on Wednesday 11 we got Bill Chapman and 12 will be a day off I will not be here on Friday the 12th It's time for oil change over at the doctor's office So I have to go in early in the morning and get all that stuff taken out That's the one good the one good thing about the Oh wait a minute Terry's saying there's a three drive pattern on Apple On the four on 20 on 4RT Terry I'm going to post that Terry's posted it let's just take a look Shut the front door Terry bottom bang bottom boom you've got it That's it brother that's a beauty I'm going to post it too Because this is one of the things I'm going to change the format here folks I get tired of just talking about the pattern If you're not currently using the TAS Profile Scanner When looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The TAS Profile Scanner is a standalone piece of software That instantly filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex Heated by Steve Dahl TAS 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 Dahl and Tom O'Brien just hosted The best way to use the TAS Profile Scanner to profit The 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 TAS 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<PHONE_NUMBER> Or email us at tiger at TFNN.com That's<PHONE_NUMBER> 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 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 6 months and yearly options Check out the new TFNN.com now and experience all the upgrades TFNN.com educating investors Toll free at 1-877-927-6648 Internationally at<PHONE_NUMBER> Okay we're back folks and we're going to take a look at this three drive to a top pattern in Apple It's over a four hour period for our charts taking us back into mid-May You'll notice that we are making a new highs now in Apple We're trading at 331 it looks like The trade that I would like to look at would be to sell Apple at 332.99 Just a little bit below 333 And you only have to risk about 1% folks You risk about $3 you can trade a $300 stock for You know just about $3 Now a lot of you folks know that I work with John Jameson I've never cost the pond quite a bit He's a student from 18 years ago Probably one of the smartest human beings I've ever met And very well read and just a super nice guy But he has a way of trading options that is just absolutely spectacular I've never traded options before I buy a put buy a call once in a while Usually they don't work but they're very cheap so it's not a big deal But the way he does it is gets leveraged like I've never seen before It's just absolutely incredible I'm going to have some more information on that probably in a few weeks or months But I was just blown away about how he did this We'll be looking at Apple today but the level is 333 I believe And I don't know where it's trading right now but we'll be able to see what's on The trouble is he doesn't like to be on a show where he has to answer questions So if not that he's not good at it he just doesn't enjoy it He'll do a podcast and stuff like that but we've actually done a book together It's an audio book that we'll be bringing out very shortly And it basically proves that the ABCD pattern works And also there's a little trading system there using the opening price There's another thing that you have going for you today in Apple Is there going to be a lot of emotional enthusiasm So keep an eye on that So what we'll be looking at here would be doing a strategy to get short the Apple Around that 333 level I haven't seen where it's trading lately but let's just get it up here Maybe we can see where we are here We're trading at 330 The high so far has been 331.56 So at 333 I would certainly be interested in doing that So it's going to open, it looks like around 330 and change I'm going to change the format of what we do each day folks Because you get tired of just looking at these patterns So what I'd like to do is starting today we're going to just look at this To see if, to see the, you know it's really, you know it's You've made me lose my train of thought Dr. Bill Just a second here Now I'm going to change the format a little bit because I get, you know It gets a little boring for you guys for me to just show you all this Here's an ABCD Mark Douglas used to joke with me about that I mean he made a, he loved the ABCD patterns He really did He just couldn't believe how simple it was But every time I say ABCD I can hear Mark right behind me saying Well there's an ABCD and by Golly They only work about 70% of the time But by Golly you're not going to get those kind of odds in Las Vegas So keep that in mind So anyway this floor traders handbook that we've done is really Got a lot of good information in it But basically it proves mathematically how the, why the ABCD patterns work The thing is that the key to that is you've got to be able to see what's happening at the C level In other words when that market makes its correction and then has the C level That's the key because if it comes out of there really strong You can bet your bottom dollar or the last two cents Or maybe a penny and a half That the CD leg is going to be a big extension of the AB leg Usually 1.27 or 1.618 And if it goes past 1.618 That's when the market really runs So those are the numbers that you have to pay attention to That's why you're looking at Apple here at that 333 level If it gets sharply above that And I'm saying 1% at 336 You would certainly be wrong Now if you did an option You know did an option strategy like you know sell a call Buy a put you know do one of those iron condors Or butterfly patterns that they use and options You can get into that and hold it for several days The Mr. Z is asking is it possible that the S&P or Nasdaq Made a full moon top on Friday Yes the Nasdaq certainly could have But I believe the SP has made a higher high by just a little bit Really there's a possibility that All I know Mr. Z is you just look at that put call ratio And when we look at that again in a few days You're like why didn't I see that down there And well you just got to be ready for it You know I don't know where it's going to top So what I do is I go down to a 15 minute Just like I'm doing an Apple I'm not doing anything fancy You know so I'm just looking at Apple Now Apple and Microsoft make up How much 20% of all the Nasdaq Two stocks Microsoft and Apple So watch how they're doing it I know that Apple's up a little bit But it's not screaming in the new high grounds But how do you sell a stock that the whole world loves Well you don't find one that they don't love That's find the easy ones That's the main thing that you want to do When you play in a poker tournament And you get at a table where there's some really great players You have to be really careful But if you're at a table where there's not Any really great players That's where you can build up your stacks But when you start playing with somebody that's really good You better be very careful Because that's really very very important To remember it's the same thing in sports folks You know when the football team has to play The number one team They know that they're the underdogs So they got to play a little harder That's why teams that go undefeated Are so spectacular because they got a target On their back all the time And you know that's the main thing Trading is simple but it's not easy And it takes a long time usually a year or two To really get to a level where you're comfortable With what you're looking at and that's all I'm saying So we'll be watching Apple here this morning I don't know what the last price was If someone be so kind to take a look at it We'll have Shane on in another five minutes He's got some really good information about the Fed Fed juice coming up and also Some of the things that are making the market jump So it's going to be quite interesting But we are in that area folks with that Put call ratio like that That's not like the fear index The fear index is an emotional thing You can't gauge that one This is real dollar money This is real dollar money So we'll try to sell that Apple at 3332.90 Is what we're going to try to sell Apple on it And we'll risk about a buck And well he actually should risk $3 Because you got to risk 1% On a $300 stock So the stock would be The stock would be run around 336 So we'll see if that happens We'll follow through with it tomorrow To see if it actually worked or not But I would like to change that If you'd like for me to not do that I would be happy to But I really like to change the format A little bit because I know you get tired Of just looking at these charts I don't but I know you do So that's it We got a shame coming up here at the break And we'll see how these things unfold And so that's it I think we got a break I think the o'clock on the wall says The old music could start in a few seconds And then we will move on to the next one If you have any questions folks And right now you can't call in Because the line is just there Just filled up<PHONE_NUMBER> Larry Pezzavento watches the markets 24-7 It's a great time to try out his daily trading service Fibonacci 24-7 Larry publishes videos and charts for subscribers Throughout the week when warranted And every weekend he puts out a thorough report Covering worldwide markets, futures, commodities And currencies with Fibonacci retracement levels Possible trading setups and zones And stops and targets for all recommendations included Larry applies the principles he's developed Over decades of trading while analyzing A variety of markets for subscribers To see for yourself the types of videos, charts And analysis that Larry provides for his subscribers Sign up for Fibonacci 24-7 today By visiting the front page of TFNN.com Under the newsletter tab You'll also gain instant access to Larry's Archive subscriber webinar from earlier this year New subscribers get a 30-day money-back guarantee So you have nothing to risk, sign up today If you're a trader in the market Looking to find the path that leads to Maximizing profits while decreasing risk Then now is a great time to try out Dave White's daily trading 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the front page Of tfnn.com Okay, we're back folks And we have as our guest today The Wolf Trader himself from Miami, Florida Shane Smollion, how are you my friend? Good morning, is this the Office of Duke and Duke? Actually, it is the Secondary Office Of Duke and Duke We've moved operations out to Tucson Until this coronavirus is finished In 2046 Hey, also tell us a little bit About the virus if you get a chance Okay, Shane? Okay, the virus I don't have a slide prepared but I can talk That's okay, just go ahead and give your regular show And then I'll ask you a question at the end Because so many people are talking about it And you alerted us to this Two and a half months ago What was going to happen and it pretty much came out As you expected, so go ahead and take over my friend I'd like for you to hear what the market is Folks are interested I can tell you we just surged over Seven million cases worldwide So that's true And it seems to be on a pretty linear Improvement Florida's cases are surging Even The testing is not increasing So that's to be expected Because people are coming back online I mean that's all It's a balance The more people come back online The more cases you'll get Okay, so we'll start with this slide here This is the fear and greed index And as Larry was pointing out To the listeners The call to put rate The put to call rate show is very low And this one here is getting a little greedy This fear and greed index This is the one that CNN puts out And this is the first time It's actually elevated Since the March lows guys The highest it had been was around 50 And it's actually pushing up around 69 now Which is For this rally this is pretty high It did get up to 99 Before in January But it's getting a little greedy out there For sure This gives you a visual here Of how it's been tracing out We're not back up to those Highs that we saw in January But it's definitely getting to an elevated level Something to be concerned about Definitely something to look at This was the put to call ratio That Larry had pointed out Larry sent me this chart Over the weekend This is definitely Something to pay attention to So from a contrarian standpoint We are at some levels that are You would call extreme Definitely This was the lunar eclipse that occurred Over the weekend About the lunar eclipse a little bit today I did a webinar over the weekend on it On the YouTube channel Wolf Trader Futures You can go over and take a look at that But essentially this full moon Occurred in 15 degrees Of Sagittarius and Gemini And this actually Was making a very hard aspect to Mars Here so when it makes this hard Aspect that's the signature Of war protest riots So that's exactly what we saw In the week building up to this So this was a very hard Aspect for the eclipse And the eclipse made a shadow Across Africa, Europe, Saudi Arabia Asia, Australia And the solar eclipse That's going to come up will take a similar path But the solar eclipse Makes a much more specific Path because The moon is a smaller object So it makes a path like a laser beam That moves across, but this one makes a wider shadow These were the regions that were affected And The S&P here, this is the chart of interest Here because you've got a lot going on here The FedJuice has really Done a good job of modeling this rally It's been in a buy since the 19th Here but I like To line up the planetary speed index With the FedJuice so Essentially that stopped right here In this market has been rallying Against the planetary speed index So this has really been a spot Where I've just been out and just watching I think it's kind of dangerous on both sides Right now the RSI Has, it just pushed to 92 this morning That's really high for the S&P So for people who don't realize the S&P does not like to do that This is not like copper, silver Or gold where it Runs up to these extremes all the time That's very rare for the S&P And when we get above 93% The chance of reversal is very high on that So, you know, this is definitely A point to where it's really getting kind of toppy Now normally if we would Not have had the eclipse I probably would have gone long on The fourth at the close, this purple arrow Here is the CAT master signal So for those of you who have been following This is a new signal that combines Multiple cycles, transits Statistics and it's been giving Very good results on many different markets This actually did go long The day before that big surge Up, however Because of the lunar eclipse I was just being extra cautious on that And I said, hey look, I really Think it's best just to wait on this But if there wouldn't have been the lunar eclipse I might have done it because the Fed use was so Powerful here and the Fed use still is powerful I'm still collecting the data for today But You know, right now that's It's been picking this up beautifully If you follow the Fed One of the mission statements of Wolf Trader Futures Is to make sense of markets I want people to look at the market And understand why it's doing what it's doing Does it make sense? If you look at it just from price action And where we were with the COVID This doesn't make sense But if you look at it from the Fed It makes sense So that's really one of the things That I want to get to people The mission here is to educate people And to make sense of markets for people So we're at a spot right now The cat signal does go into a cell To close today and I think Based upon the lunar eclipses I think that we have a good chance Of Seeing some type of a modest pullback here I think we're still In more of a bullish stance here on this market But This was a chart that I had sent to you Early June And I could see the meltup was occurring Meltups occur When the market Starts to rally into falling Astro cycles That may sound contrary Why would that be the case When that's happening Typically what happens is there's so much energy Coming into it on the buy side That it's overriding the down cycles And then when it hits the up cycles It can even go even higher I think this meltup may just be beginning I think this could This may be the early stages Of the meltup And I think once we hit those astrolows Around the 12th I think it could really start to get Overheated here One week at a time My philosophy is really To look only a little bit ahead Of the time because I think when you try To start forecasting out Weeks and months and years And it just really distorts your Thoughts and then you become married To a concept and it just becomes difficult To be clear so what I want to do Is getting this right and From what I've found the best way to do That is just to look one week at a time So let's talk about lunar eclipses So lunar eclipses are Typically events that happen After the eclipse I give the specifics in the newsletter About the exact bottoming dates I put a chart up there It's on the website for subscribers In astrology you have two sides Of an aspect so these vertical lines Here represent the eclipse and before You get it's called Applying which means building And then after you get what's called Separating which means it's leaving So when you have a singular event Like this a lunar eclipse I typically don't like singular events Too much this is why I use a planetary Speed index which is a multiple Planets but for things like this It's important because a lunar eclipse These are very significant effects The market tends to fall so this is The 1906 to 1907 bear market And most of the time after this eclipse You can see the market did fall There was one time here where it didn't But the rest of the time it fell After the lunar eclipses And so this tends to be a very important Eclipses are important events Both lunar and solar But most of the time the market Does not respond well to lunar eclipses Particularly after And the height of the spikes here Represents the Strength of the eclipse Hey we got to take a break My friend will you stay with us till after the break Absolutely Thank you folks, Shane Smoy and Wolf Trader The gold market 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we see That you can look at this through many Perspectives like Mercury makes a station Plus or minus three days before every Single market crash the planetary speed index Was falling in the 1987 market crash And then here we have the lunar eclipse Right before the 1987 market crash So These lunar eclipses can be Precursors to big declines in the Markets too it doesn't just have to be Small declines but they tend to be There in the big ones the big falls So these are exclamation points So I think that's interesting because These really have nothing to do with each other Yet they all show up on these big Events like market crashes This is the 1990 market crash You can see here this lunar eclipse Occurred here and then after the eclipse We had the falling market For Many months in this case So It also depends upon where the solar eclipse Is which there's a solar eclipse Coming up at the end of the month And that tends to be a more bullish scenario So we have to put the two of them together And this is what I do in the newsletter So very quickly for those of you Who want to do this information There's a free email list on the Website so make sure you go there And sign up it's wolftraderfutures.com And so just because you become A free member does not mean you get On this list so I just want to clarify That to everybody if you're interested In getting information about webinars Or things I do like this I'll probably Do a webinar on the solar cycle Coming up Okay so getting back to the eclipses Here these are the lunar eclipses In the 1999 to 2000 top And you can see here That we still had these Sell-offs that occurred right after the eclipse Also here so in other words It's not just during bear markets That this happens it happens in Bow markets sideways markets That these eclipses tend to be very important For turning markets So you know there's a good chance That we could see a modest pullback Here in the next few days Especially with these overbought levels And I wanted just to show you here too That even in a bull market When you have a market that's surging like this That these eclipses can at least turn The market for a few days To the downside so it turns it in Bear markets it turns it in Sideways markets and it turns it in bull markets These are important events okay So when that stops Shane we've got a question from one of our listeners I hate to interrupt you but the question is You know these are incredible The numbers that you're looking at What do you use or can you tell us How if you see a trigger What's your trigger mechanism saying yes this is it Do you have a specific Price or a time that you're looking at How is it that you decide Whether to go longer or short And I want to compliment you on the melt up Because you did tell us this a month ago The market had all the earmarks of melting up And it certainly well I don't know if it's done Melting but it's had one heck of a run That's a great question I have a logic tree that I follow I follow a very consistent process So what I do is I I line up the The fed juice with the planetary speed index So the fed juices here So this is on 518 it went into a buy It's still in a buy With the planetary speed index here which was on 519 So there was this run here And then I've been sitting out This recent run up here Now if I want to get aggressive I might take the fed juices number one That's the number one thing to look at The number two is the planetary speed index If I want to get aggressive I might use the cat master signal With that that'd be number two In that case that would have been long On Friday but I want to make it clear I wasn't long on Friday because Of the eclipse I was concerned about it And I just kind of decided to stay Stay clear of that even though With that big one day rip on the market That's the decision process So I follow a very consistent Pattern with this I'm not just Looking at it and saying oh my god It looks like a top here I think I should No it's a very logical process that I follow And so sometimes you miss moves too I mean that's just part of it But the idea is that you're just consistent With what you do So I hope that answers the question I can do a webinar on that too If people want to talk about that This is 2008 getting back To the lunar eclipse this is a 2008 Financial crisis So you can see that in 2007 We had an eclipse in the summer it just went sideways But each time we had An eclipse in 2008 It did begin to sell off And it was there once again Before the biggest meltdown The eclipse was there To mark the start of that biggest meltdown And then even when we had a smaller eclipse here It still had a meltdown And that meltdown Was the last meltdown into these March lows and this is where the QE Really started QE one Technically we had a QE zero out here For those of you who want to be Fed nerds but the real QE started Here But these are important And so this stuff matters And one of the things I just want to tell People is look When you look at the numbers Of the data This stuff matters You need to pay attention to it Because these Tend to show up around major turns And in 2011, 2012 It had two failures In the middle here in 2011 But before that You had Sell-offs here after the lunar eclipse So this is a pattern that repeats It doesn't always work There are good examples here But statistically it does Tend to show declines And here's another one 2017 to 2018 This one had A really interesting combination of cases Here we had sideways market Where it went down here We had a big decline here In the 2018, that January There was an eclipse right before that In the bull run here It did have a tiny pullback here So the idea there Is just to show you that This is an important pattern And the solar eclipse is important too And the order that they occur is important So these tend to occur In pairs because the earth lines up Perfectly with the moon at the same time So the lunar eclipse Is the full moon, solar eclipse is the new moon And when it occurs in this order It tends to be more bullish And that's what's happening now So we're in more of a bullish scenario Because the lunar comes in with the low And the solar tends to rally But the specific days and turning points And all of that, I put that on the website With the newsletter So subscribers can go there And when I send out emails now I'm putting them on the website as an archive So you guys can see that if you sign up Kind of late in the game here So I know I'm rushing through those slides But this is the Fed here And so one of the reasons why I've always been bullish on this market Is because I follow what the Fed is doing And the Fed has always been Persistently giving us the same Message here that they're going to just continue To ramp up the juice here on the markets And on 320 I did Put out a tweet, it's still there I put out a tweet that says I expect a full recovery Full recovery in the market And a lot of that is the Fed But I also believe in the country And I believe that we will overcome This virus and Still the political and the civil unrest Is going on now, I think we'll overcome all of this And be stronger for it And I think that When this Fed juice gets Really, when the S&P Gets low in terms of The Fed juice, which you see down here Okay, so I have an indicator down here That shows you When the market is at extreme values In relation to the Fed juice It tends to have bull markets for multiple years So I know that that flies In the face of the extreme sentiment All the stuff that we're seeing But on the long term, I'm definitely still bullish here And if it continues to do What it has been doing Every time it hits these extreme values like this You tend to get a multi-year bull market So I think The chances are pretty good of that I know to people that might look completely crazy To say there's no way It's impossible, but just based On the research that I've done That's what happens Well, you're putting it on the line, my friends Listen, thanks for joining us And we'll have you on again soon, okay? Thanks, Larry Thank you, folks Shane Smollion, WolfTrader.com Anyway, folks, we'll be right back Back in the day I joined the Hotel California in 2006 And like many of you Was drawn in by As well as Whatever you think about You bring about whatever You focus on growth You see, I believe that Everything in life happens for us Not to us And Tom ignited the fire within me To want to learn how to master the markets So how did I go from Knowing nothing about technical analysis To becoming the number one market timer For the S&P 500 in 2018 And the number two market timer in 2019 Simply put, I hired coaches With a proven track record Which led me to a whole new set of tools That I created To interpret the message of buyers and sellers I would love the opportunity To teach you this award-winning set of tools And help you improve your market timing You can test drive my newsletter service For capabilities For the next 30 days with no risk to you Plus, you'll gain access to archive workshops That'll take you step-by-step through my system Sign up today By going to the homepage of TFNN.com And selecting Mastering Probability In the newsletter tab BAM! 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All of the TFNN newsletters Are informative, up-to-date, affordable And a must-have for every trader And 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 Markets trading with extreme volatility And peaks and troughs everywhere Regardless of what you're looking at in the markets This is a great time to see the type of analysis Basil Chapman delivers for his subscribers Every market day with the opening call newsletter Basil has been analyzing markets Providing his take for subscribers to his trading services Since 1984 Every morning Basil publishes an update for his subscribers Along with weekend and evening updates when warranted The opening call provides traders a daily market overview With regard to the direction of the key indices Selective stocks and commodities Along with specific recommendations Including stops and targets You also gain instant access To Basil's subscriber webinar archive From earlier this year A dark cloud cover and essential market analysis Ride the Chapman wave today By signing up for the opening call newsletter On the front page of TFNN.com Under the newsletter tab New subscribers get a 30 day money back guarantee So you have nothing to risk Sign up today This segment is brought to you by Think or Swim For more information just click The Think or Swim banner on the front page Of TFNN.com Okay folks one of the most important things That I happen to look at this morning Was when you look at markets You know you try to find something that There's an aberration of what usually is happening I posted the chart Of the heating oil I did this of course For the 24-7 folks But in the newsletter folks That you'll notice that the heating oil Made a 3-8-2 retracement This morning Actually it was real early this morning And it got up to that 117 level And now we've backed off quite a bit From that level already Now that tells you that the heating oil Is still in a major bear market Now with the crude oil we went up And we filled that gap That we left way back in April There's another thing that we're looking at So there's a strong probability that crude oil Is getting ready to roll over Right now we're down about a buck and a quarter From the highs And we made a small ABCD here When I'm watching market statistics Or market information The market's telling you certain information With these charts basically I look at Where the buying and selling has occurred And I try to look at that And that's pretty much what trading is all about We'll take a quick look here at Apple We'll see if we're going to have any chance To get filled at that level And let's see what we're seeing 333 we got up to 331-35 That is the opening price 333-75 is where it opened It's trading right there at 385 Our price objective Would have been 332-90 And whether that happens We'll follow through with it tomorrow To see if it's going to It's going to look at it But right now we're trading right at the opening If we go below 329 today That would be a sell Using the opening price Because you would be below the open You only have to risk $2 on that stock If you wanted to do it then And that's if the market reverses Exactly at that spot And we don't know whether that's going to happen But you know what else folks? Nobody else does either I'll answer the question Why don't I use oscillators And moving averages and stuff They're just hard for me to understand Folks, I can understand a bar chart I can understand a pattern And that's basically That's all I'm looking for It's a small edge There's other Remember the Nasdaq is acting weaker And that used to be the Big Daddy Rabbit Live every day in an attitude of gratitude And may God bless