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. Well, it looks like the position at Apple is going to be under a great deal of trouble today because of Mr. Buffett coming out, doing his one-hour talk with Miss Becky Quick, saying that he has 10% of his wealth in the Apple. So we're going to see if that's going to be... Keep your stop working, folks, at 2.99 and 0.25. That's what we'll be watching. Hold on one second. We'll see what we've got here. I don't have any charts yet, Al, but bear with me one second here. I didn't get home till 2 in the morning and I wanted to be sure that I had this computer working before I had everything running. So let me bear with you here, get a couple of things going. There was one thing that happened overnight that I think was relatively important. Actually, it happened on the 31st. Let's get this up here to take a look at it. And this is one that we've been following extremely closely. And that is the British pound. You'll notice from the high that we made back at that 135.20, which was the 78% level on the weekly. And you'll notice here that we made the exact 61% retracement here on... Oh dear, hold on a second here. I'm being attacked here by questions. It's up 1%. Yep, I see Apple is up 1% at 296. It got down to 285 and then Mr. Buffett came on with... Becky Quicken said that he had never seen a stock like this and that he had 10% of his net worth, which was $10 billion in the stock. He has 64 million shares of Apple. So here I am beating the drum against the biggest Indian in the tribe. So I'm probably going to lose on this, but I'm going to do that trade time after time. I will mention this, folks. I followed Mr. Buffett's career for quite a while. And I've noticed several times that he's come out. In fact, in 1997, he came out saying that he had 10% of the above ground silver in the whole world. And silver jumped a buck and a half that day and up to around, I think it was around $14. I've got the chart, but unfortunately, I'm not going to be able to bring it up today. But if you realize that when the Berkshire Hathaway report came out a month or so later, there was no silver. He had sold all of his silver. So I'm sure that he would not do anything like that, but you have to do these things and we'll see what's going on and we will go from that level. Anyway, that's what we're watching. We'll keep it, watch this, British Pound. It did exactly what we were hoping it would do. You'll notice that it stopped right at the 3-8-2. Boy, I'm being bombarded, but it's what happens when you fly and you get stuck in the airports until 2 in the morning and you don't get home till late. I'm just getting bombarded with messages. Those of you that are skyping me, please don't skype with me until after the show because I am running behind and I'm just trying to put this thing together. Okay, let's move on here. I'll just refer to the apple one more time. Keep your stop working at 2.99 and a quarter. If you remember when we were on the show, I said you had a chance to put your stop at break even when it was 2.85, those of you that, you know, and this is why I don't do the trade of the year. Anyway, let's move on here and see where we are. Hold on a second here. I forgot that I've got a quick one here too. Okay, hold on just a second here. Okay, folks. Okay, let's move on here. Hold on one second. I got to do something here, folks. Sorry, folks. I had to do something here. I have to answer a question for Mr. Moneley that it's clean. Hold on a second. Okay, all right, let's move on here. All right, let's get on to the program. I'm sorry. I'm sorry I'm running late, folks. I didn't think I was even going to be able to make it and I probably shouldn't have, but that's the way it was. Okay, we covered the British Pound. Here's one that I think is very important. We got this from our good friend, Rich Anderson. It comes from the desk of Ed Yardini, who is one of the better analysts and technical guys on Wall Street. He's putting into perspective the S&P evaluation, the PE ratio, and you can see here, we're at all-time highs, folks. We're higher now than we were in 1929. And you'll notice up here that we're watching these. There's a three-drive pattern there at the top from 09 to 2015 and then where we are right now. What he said in this evaluation was that one of the reasons why this thing has jumped up so much in the last year and a half is the fact that these executives buy back their shares, much like they do with Apple and other places, and that makes the things go higher. I mean, stop and think. Apple, with 300, how much money they have in the bank? I don't know. And yet they're still issuing bonds? Wow, that tells you that these low interest rates really mean something, I guess. So we'll be able to see. Okay, that's what we're watching here. Okay, let's move on here. Oh, this was back in 1989. I remember that that was from the silver debacle in 1980. When they did, they watched, yes, 280 billion in cash.  Who would have ever thunk it? Okay, let's move on here. The gold folks, we've made a new high in gold this morning. We took out the old highs there at 2 to 15, 2980. We got up to 1531. I haven't checked it lately because I don't know where the prices are, but that's the main thing. The big thing is that the euro did stop at that level, right near that level we were looking at, and we'll get this up here so you can take a look at it. It's now trading below the 61% retracement. The British pound went exactly to the number. That was really an amazing one because that stopped exactly at the major number. Okay, now let's move on. Any question? Now today would really be a good day to help the old cowboy out. Walter and I are under a little bit of pressure because we didn't get to sleep very much, and then when I finally did get here, I was planning to get up at 4 o'clock, but I didn't get to bed until 2.30, and then by the time the old bell rang, it was quarter till the hour, and I didn't have anything ready to set up, and I haven't even answered emails for 26 hours, so that's basically it. Folks, let's just review here. I've got all these charts, so let's just do that. Let's just get up here and take a quick look here at Apple one more time and see where we are because we are trading above that old number that we were looking at, and I don't know if it's going to work or not, and we'll see, but that's what we're looking at. That's a big number up there at 1.618. That number is 291.5, and it got to 294, and today we're trading at 296 after we backed off. Bonds. Thanks, Mr. Z. Hey, we'll be back, and we'll talk about bonds for Marshall in just a second. We'll be right back. If you're not currently using the Taz Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The Taz Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, Taz understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the Taz Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee, so you have nothing to risk. 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Okay, folks, I posted the chart of the Treasury bonds and I would like to point out something that we're watching and that is that you see these real quiet days into the holidays we've had in bonds. We didn't have that quietness in the stock market at all. So the bonds are not getting a lot of play here, but they look relatively bearish. Folks, they've been trying to feed us this negative interest rate for a long time and I just don't think that's just not common sense and I think interest rates are going to go higher. Now, we've got a question from someone in the den here that energy stocks are due for a run to the upside. I don't really think so and the reason why is let's just take a quick look here at the crude oil contract and I think that will give you an idea that we should be up into some really stiff resistance in this area. Let's get this up. So you'll see that 62 level was a very, very important. What you don't see here is that it's above the 78% level but that other green line up there that you don't see is from a higher level that comes in at 162. That's a 61% retracement off of a high on the weekly basis. So that's why that 62 I think is such an important point but we haven't gone anywhere. We're trading what 61.30 today so they could certainly do that. Folks, as we come into this part of the year, if you remember we had Bill Meridian on on the last Thursday I believe and he pointed out the reasoning why he thought there was going to be a turn in the stock market to the downside in January. His window stretched from January 2nd to January 10th if you'll remember the cycles that he was pointing out there. So that is not the thing is, the most important tool is not your computer. It's your methodology, your brains. I agree with what David is saying. That's from Joe Denopoly. Joe happens to be a very dear friend of mine. I introduced him to Fibonacci numbers back in 1973 when we traded together in the Royal McCulloch Oil Building in West LA. But the most important cycle of all the cycles that we deal with folks is the 9 inch cycle. That's a cycle from your left ear to your right ear. If you get that cycle right, the rest of it will fall into place without too much trouble. So remember to do that. And also folks, people ask me what is the dumbest thing you can do in this business and frankly, I've got a bunch of rules behind me here in this painting that I have. The number one is never add to a losing position. Folks, I've been trading for 59 years and the number of times that I've added to a loser and it worked, I could count on one hand. And I can't even remember when I've ever had one that would work. Now, if you're, I know, well see, the man who loses best is the winner. That's the main thing that you want to keep working at right here. Okay, now let's move on here to something else. Regarding the, we covered the treasury bonds, we did the crude oil. There's one other one that's interesting here in the oil complex. And that is the, if we could take a look at the heating oil because we've had a 135 pattern in that thing and you'll be able to see that 135 pattern. So this is why that 62 level. If we ever close above 62 in that spot crude oil, then that tells us that this thing is breaking out and we could go back and test that old 61% level at 60, at 65. Remember on that crude oil chart, if you look how many times it hit the $50, some dollar level when it was making the 61% retracement, hit it three times, telling it there was major, major support there. Well, that resistance also works on the upside. Because if you see that happening, then you're going to be able to do that. That's correct. And the other thing, well, here's a nice quote here from Benjamin Graham who was one of the teachers of Mr. Buffett. He says, the essence of portfolio management is the management of risk not returns. So I would, we'll see what happens with that. But there's no question about Apple being the greatest stock in the world ever. There's no sales on it in Wall Street. There's not one analyst that even comes close. They just keep raising their targets, which is what's been happening. I'm the only clog in the wheel here. And I'm only, hey, I'm only risking less than 3% of the value of that stock. So I don't know if it's going to work or not. All I know is at 299.25, I'm going to say, oops, lost this one. And this would be my last trade of the year for sure. All right, let's move on and we'll see what we have going here this morning. Let me do one second here before I move on and talk about, I want to talk about the gold here because if you'll notice, we were looking at this gold here. 15, 15, what is wrong with this? Oh, this was from the, yeah, hold on, we did break out. Now let's get it because I wanted to show you this line. This is where I wanted to bring it to your attention here. If you'll notice here, you'll see the 61% retracement of that swing from the high. That comes in at 1532. And I think we came pretty close to that today. So we'll see that it's a very narrow range though, but we've had a big move. So if we get above this, well, we've already, hey folks, after we cleared 1520, we went up to 1529, what did we do? We backed off $9. I've been mentioning to you each day here that all the corrections in gold over the last several weeks have only been $5 to $9. That's all. And that's what happened on Friday. We had a $9 correction. So we'll see. The high is 1530. We went higher than that today, didn't we, Marshall? I thought my limit miner hit 1531 in the February gold. Am I wrong on that? Well, I can't move to the data without getting off the beaten path here, and I certainly don't want to do that. Let's move on to one other one that I think is interesting, long-term. Let's get it up here so we can take a quick look at it. And that is the NASDAQ. And we have made a new high in the NASDAQ. Let's see where we are here to that point here. I can't find the chart. Oh, there it is. This is the one I wanted to show you here. I want to show you the Australian dollar because they're having all kinds of problems in Australia as you folks well know. Let's get this chart up so we can take a quick look at it, I believe. And then we will try to talk about the grains here when we come back from the break. Let me get this. There's the Australian dollar. Let's get up here. You'll be able to see here. Here, Australia is burning down. Yeah, there it is. The high has been 153180. That's it. Okay, that's it. That's all right, Marshall. World entitled to one correction in a year. And today is the first trading day of the year, so your tickets have been used, my friends. May God bless you and the land for a happy new year. It's been a joy meeting you guys. All right, let's take a look here. This is the Australian dollar in the midst of Australia burning down. I mean, parts of it are really in big trouble. The parts of Australia that is burning down is equal to about half the size of England folks. So you can see the problems. They have temperatures there at 100 degrees with the, you know, the wind blowing strong. We have quite a few friends over there that have been talking to us about it. And many of these people are not insured. So when they get wiped out of their, you know, very expensive real estate, that's it. They got to start all over.  And my goodness, I tell you, as I get older, I just can't see so many things going wrong in the world. But that's the way it is.<PHONE_NUMBER>. The Binachi 24-7 and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends. Each Monday you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out. And throughout the week when warranted, Larry will send out via charts or videos or both the key markets that he is watching during the day. This will be up to the date active trading information that will help you in your daily trading. In Larry's first week alone, he sent out 25 charts, 6 videos, and a full report to his subscribers in just one week. If you're a technical trader that uses patterns and retracements to trade, then Larry's service Fibonacci 24-7 is something that you must try. Right now, new subscribers can get a full 30-day money-back guarantee. With nothing to risk, sign up now to Larry Pesevento's Fibonacci 24-7 by visiting the front page of TFNN.com under Trading Newsletters. 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For all the details and to start your 30-day free trial today, please log on to TFNN.com now. TFNN is excited about our new software charting program, The Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Chart allows you to scan thousands of stocks with Vibonacci Formation setups, including guardleys, 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 charted software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Okay, folks, I'm going to go down memory lane here because we're at a real critical level in these markets. I think that's my opinion, of course, and it's like everybody has an armpit and they usually smell. So be careful about what I say. However, I want you to look at what we have going here. This was 2009, okay? You'll see that we have a three-drive to a bottom pattern. We have a 1.618 expansion there. As you can see, that this was March the 9th. This was a newsletter. I've been working with TFNN for about 18 months at that point. And I was doing the trades of the year. This was my trade of the year. I said in the letter that time that we were going to see the largest rally in the stock market since, I believe, since 1938, which was the biggest rally at that time, a percentage rally. Well, this went a little more than I thought. We were trading at 6,600, if you'll remember, in the Dow Jones at that time. And we went to 28,700 in rising. So all I'm saying is this is a pattern like anything else. The Bradley model was saying that the bottom should be in. What are we looking at right now? We've already talked about that. Tim Bose talked about it. Norm Winsky's talked about it. Bill Meridian's talked about it. We're over some type of a cycle here. Whether that means anything or not, I don't know. But this is what we're looking at. So keep in mind that even though this craziness appears to be crazy, it's all related to numbers. That's all it is. There's nothing more than that. It's either like the other man.  It depends on how you mix it. Okay, I want to give you this quote here from our good friend, David White. The successful trader must fight his two deep-seated inks-ninks. He must reverse what you might call his natural impulses. Instead of hoping, he must fear. Instead of fearing, he must hope. He must fear his losses may develop into such bigger loss and hope that his profit will become a much bigger profit. By Jesse Livermore, you just re-scribed the trading philosophy of Tom Pugard, who is a very, very successful trader. So let's move on and we'll see, you know what... Hold on a second. I've got to answer somebody. Okay. Okay. Okay, let's move on here to the next one. All right. I have a couple of people that I work with, folks that are very, very large traders. And when they put positions on, it's truly amazing to listen to their, how they actually work with their ideas and how they trade and stuff. And it's truly amazing to see their thinking processes, what they have. They really do think about, you know, the defensive part of their trading. You know, that's the main thing. And we had a big break in stocks. It covered a little bit down there at that 382. We hit that perfect 382 in the stocks, folks, from the low of December 13th. That came in at 1314. We've now rallied Ramos making new highs. And NASDAQ, I did believe make new highs, but we'll see how the rest of it's going to... how it's best... how it's best it's going to unfold here. Okay. Now let's get on to the natural gas, because natural gas is getting down near that 210 level, folks. I want to bring this up again. If you'll remember, we had one of our listeners come on from Boston, I believe. And he talked to us about natural gas. And I thought that we were going to get down to this 1.27 level. And this is the ETF, the UNG. Now that comes in at 1630. I don't know where it's trading this morning. Actually, the actual number is 1625. And that would be equivalent to 210 in the natural gas futures. And I think that they're going to hold that level. Whether they do or not... And here again, I'm just looking at the charts. I have never seen a natural gas commodity itself. But that's what it looks like. So I'd watch that very, very closely. Okay. I don't understand this, Larry, for the... I don't understand that message from GL. I don't know what I did wrong there. Okay, let's move on. Also, remember what Bill Meridian said. And remember, his work is all psycho related. And he's wrong at times. He hasn't been wrong for us. But, you know, over a period of years, there's had periods where he actually missed some things. But he was looking that it would probably 297. Thank you very much. We had to have a new high here. Well, we're $2 and $2 and a quarter away from getting knocked out. And if it happens, that's the way it is. I certainly am not going to apologize because that is...  I'm going to win on it 95. Those 1.618 numbers are just flat out, just spot on. So I would be... I will not... I call them as I see them.  Sometimes it's, you know, it's going to be good and sometimes it's not. Let's get over to the grain market, folks, because I think we've got a chance here for some of these grains to break out to the upside. After we have a correction, I think we're going to get a correction in here. Here's the March soybean contract. And as you can see here, we up around this 952 level. I haven't been able to check it this morning, but it looks like these things are ready to break out to the upside. I don't know if it has anything to do with these bills that are going on in China. It's like everything else in the news. The more I read about the news, the less I have any feeling about it at all. Because what you're reading about in Hong Kong is not what's actually happening over there, folks. These are not protesters. These folks are terrorists. When you start throwing Molotov cocktails down from the freeway onto cars, it's pretty good. So let's see that it is breaking out to the upside. I thought that it would be doing that from the action that we had on Friday, because it backed off about $0.08 and then came back really, really strong. So that means we're going to be popping up to that 78% level without too much trouble, I would believe. So that's it. Corn's holding itself, too, which is really doing pretty good, too. So we'll be watching those as we go through here at looking at some of that. We've got a caller from Kansas. Robert, are you there? I am. Good morning, and thank you for taking my call. Thank you very much. You were very lucky to get through, Al tells me. There were about 200 people ahead of you. So consider yourself in the lottery category. What can I do for you, my friend? I want to call in and see if you could talk to me about gold. And I know you covered it this morning, but I had a different question about gold. Can you talk about what open interest means in general, and I guess in particular for gold, and then talk about how that compares to commitment of traders and which one you feel more comfortable with or do you use both, or just one? The open interest is the simplest one because that's reported by the Chicago Mercantile Exchange every day. That's an auction exchange. So for every bid, there has to be an offer. So every buyer, there has to be a seller. So for the open interest to increase by one, you have to have a new buyer and a new seller coming into the market. Now, if open interest goes up and prices go down, that means shorts are covering. That means the people that are short are covering their positions and that makes the market continuing to go higher. Yesterday, for instance, in the S&P on the Friday before the end of the year, open interest actually dropped by 5,000 contracts. Well, it's not very much. Can you stay with us, Robert? This is a very important thing that we need to cover. We'll be right back.<PHONE_NUMBER>. 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, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period. 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A fund's prospectus and summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors, such as traders and active investors. Distributor of Four Side Fund Services, LLC. The Bull Bear Trading Hour with Tom and Tommy O'Brien. Next. Okay, we're back, folks, and we're talking with Robert over in Kansas about open interest. It's very easy to look at, Robert. All you have to do is, every day, let's say you're following gold, all you have to do is to go to www.cme.com, click on Data, then click on Metals, then scroll down to where it says Goal Futures, and then if you want to click on that, it'll show you which each of the contracts are doing, but it'll give you the total open interest and that change on the day, and that's what you're doing. Now, with the other one that you're talking about, the traders and that one, that one, sorry, go ahead. One second, I'm sorry to interrupt. So on the open interest, you're saying if open interest goes up and the price goes down, it's short covering, what's a positive message on open interest? Okay. When prices go up and open interest goes up, there are new buyers coming in. Okay. That's bullish. Regarding the other one about the commitment of traders and the other ones that commercials and all that other stuff, the problem with that reporting is it's coming in late. You know what I mean? And I've looked at that, but I have not had much luck with it. First of all, that's a really long-term positioning usually, but I just have not had too much luck. Someone who's very good at that is Larry Williams, and there's another guy that does it. I think it's Steve Breeze. He's the man who really knows that. His whole letter is nothing that's all about that, commitment of traders and that type of thing. I'm really a simple person as far as the trading goes, Robert, because I look at that chart and that bar chart, it tells me whether buyers or sellers are coming together, and I try to keep it as simple as possible. And when I have to start thinking of too many variables, it makes it more difficult for me. And so I try to keep it as simple as possible. A perfect example, Robert, no one in the right mind would sell apple short. I mean, it started out pretty good. It's not ending very well right now, but I still have, that's how I operate. I operate on those numbers. They serve me well over the years, and I'll continue to do that. But that's my feeling on open interest. I'm very strongly important about that because it comes right out of John Murphy's book and John Hill's book. And it's all related to the number of buyers or sellers. When you start seeing big drop, we saw this in bonds, Robert. I don't know if you listen to every day, but back in September, we were having big drops in open interest in bonds. People were leaving that market like there was a fire like they have in Australia. And now we're 15 handles lower and nobody says anything about it. So that's why you have to look at it because it's pretty important. Go to the CME.com and get the open interest for both gold and bonds. Yes, you can. All you have to do is just where it goes to where it says interest rates. You just click on interest rates. It'll give you all of them and there's hundreds of them in there, but just go down to your 30-year treasury bond or go to your 10-year notes, your two-year notes, your five-year notes, all of them will be listed there. And if you click on that toggle, it'll take you to show you exactly which each contract is doing, which ones are getting more interest or not getting most. And also the same thing with options, too. It'll go and give you the option open interest. All right. Well, thank you so much for your time. I appreciate it. I appreciate it. Happy New Year to you, my friend. Happy New Year. Okay. Let's move on here and talk a little bit more about one of the things that we wanted to talk about. And that is this gold market. Just a minute ago at 1533. So we'll keep a close eye on that one. We got the Crude Oil Trading at 6117. I think we're starting to move down. By the way, folks, if you trade off these Fibonacci numbers, we hit the exact 61% retracement on the British pound. When did we hit that? We hit that on the 31st. And here we are. We're down now here on the second here. We're trading right at the 382 retracement now of the whole move. So this is a really key. Let's just do this together since we can have some funds with some live stuff. But this is what I do during the day as I watch these key levels. If you'll notice here, let's just get it up here because we're within about 10 pips of actually seeing it. And we'll be able to make it. Okay, the Russell, hold on just the second boys and girls. This is not going to work. I've got to move this over just a little bit here. And then we'll get next. We're going to have some new guests next week, folks. I'm hoping to have Richard Mogie from the foundation from the study of cycles. He's become a retired fisherman now down in Tennessee, but he wants to share some of his ideas about cycles and also some of the work that they did with the foundation for the study of cycles. That'll be a really good one to look at. So we want to pay very, very close attention to that one also. Okay, let's move on to one other one here that we want to talk about. I'll see the NASDAQ. Oh, yeah, the NASDAQ shattered the old high by a lot. Well, not a lot. We went above the high 15 to 8843 and we got to 8852. We didn't take it out in the S&P as of yet, but it's still early in the day. Let me double check here to see how bad it's going to be here. Well, it's not too bad. We got up to 9669. We're at 9586 now in the Apple. So you're still alive, but as the man said, as he's going out the window, well, everything's okay so far. Don't get hurt until you hit the bottom, folks. So keep your stop working in Apple. And believe me, this is going to be history because this is the last one you're going to get as a trade of the year. I do a lot of trades, but not a trade of the year. And I don't know. You just have to people just ask you so many and a lot of the questions are really great, folks, but I just can't answer them because I try to keep it as simple as possible. I really do. When they start talking about things like commitment to traders and things, I've looked at that stuff. I don't understand it and I can't use it. I do watch open interest discourse, but I keep it as simple as possible. Open interest is a great tool. My gosh, if you look at what Basil Chapman and David works with him and also Steve Rhodes, they're experts at that. That's not my expertise. My expertise are ratios, patterns and that's it. I keep it as simple as possible and I owe all that to John Hill and William McKinley Garrett. And that's a Garrett and also William Garrett was great and of course Mr. Bryce Gilmore out of Australia. He's not being damaged by the fires, folks. He's okay. Let's move on to the bonds a little bit here. We're having a little bit of a rally here this morning in the bonds and we'll see how it's going to end up here. At least we're getting to the end of the show. Folks, I will have a much better show for you tomorrow. I'll be fully prepared for the end of the week as always and we'll be back to normal, but I actually was not scheduled to come on today but I thought I was going to make it home but boy, we really had a rocky flight.  It's really rocky, so let's move on here and see what we've got. I'm going to take a little break here. We'll come back and we'll try to review where we stand this week because we're coming into this is going to be a really great year for volatility, folks. Volatility is going to rock and roll. It's really going to be quite spectacular, so let's keep an eye on that.<PHONE_NUMBER> I'm certain you are going to drive to be one of the best of the best at everything you do in life. It's the most common trait that we Tigers and Tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the last 12, 6 and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is, markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to. Sign up today If you haven't checked out the newsletters page of TFNN.com what are you waiting for? All of the TFNN newsletters are informative, up-to-date, affordable and 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 then we'll be translating investors since 1984 Bazil 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 Bazil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Later Bazil found the computer software which included the standard degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com. Cancel it anytime during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. We're back folks and what we wanted to do is to chat here a little bit about the action today that we're seeing in the stocks. We've made a new high in the NASDAQ. We have not made it in the Russell nor the S&P as of yet but it's still early in the day so we'll keep a close eye on it. Remember we're near the end of the week now and these are the most positive days for money coming in from the people that invest in their 401Ks. It's the last day of the month in the first two trading days of the new month which that brings us into today and tomorrow. So we'll watch that very, very closely to take a look at it. Okay now regarding the bonds folks we've been under a great deal of pressure in the bonds since September. We should get a good rally in here whether we're going to or not. I don't know the one thing that you want to watch in the bonds is the fact if you see something very unusual happen like someday where they might go either limit down or limit up. If you see something like that that means something really big has happened. They can't hide from you. They can lie to you. They can cheat you. They can do whatever they want but they can't hide from you. So if there's more buying the prices are going to go up. If there's more selling the prices are going to go down. Same thing in the stock market. You know we've got record open interest up well it's not we've had we've had a huge drop in open interest in the S&P folks in the last two weeks. I've reported this you know it used to be 3.2 million open interest now we're trading 2.7. We lost 600,000 people in the December they didn't roll over their stuff to March whoever those people were. And so we'll you know all I'm just reporting here that's all I'm trying to do anyway. So we'll have some my guests next week for sure we're going to have Stan Harley and we'll try to have Richard Mogheon and we'll have some others hopefully it'll be real exciting to talk about and see what's going on. Haven't seen a football game or a political news of any kind for the last two weeks which is great. And I want to thank you folks for joining us for all of last year and hope we'll have a wonderful you know 2020. It's hard to believe I'm saying that you know folks I've outlived my mother by 40 years and my father by 25.


Welcome traders, to another Tick-Mill chart here with me Patrick Munnally, want to revisit the Euro dollar on the hourly time frame here, the intro time frame. We tested into the 127 extension zone of the last phase of consolidation and as anticipated we've seen some demand come into the market from that 118.11 so what I'm looking for now is a close through the weekly pivot at 118.72 to set up a test up into the weekly R3 at 119.60 and the highs there at 119.70 as this correction plays out so it's been long through the weekly pivot to play for the sorry daily R3 up here at 119.60 and these prior highs at 119.70. As always trade this plan for trade, trade the plan most importantly manage your risk and so next time thanks very much


What is up everybody? Bradengadola here, Senior Managing Editor at NumberFire.com. We've got some props and matchups to target for the Masters at Vandal Sportsbook. Starting off I'm going with Tiger Woods to make the cut. The stats are pretty much right out with Tiger because we don't know exactly how healthy he is. However, all the reports, all the footage from the range are positive for Woods. Positive enough for him to make the cut at Augusta National. Woods, with my best estimation of what type of form he can show, is 60% likely to make the cut this week based on 10,000 simulations of the 2022 Masters. Nobody knows Augusta as well as Tiger does. He's got a definitely more than a semblance of a good swing. He's got some new shoes to help with his injury and his setup. Woods is teaming it up to compete. His only missed cut at Augusta came back in 1996 and through his various injuries, he's found a way to play the weekend here, play well here. There's enough reason to believe he'll do it again to bet on Tiger Woods to make the cut for the 2022 Masters. My second pick is going to be Corey Connors to win Group E. The four golfers in Group E all have the same odds. Bryson DeChambeau, Sam Burns, Louise Thason, and Corey Connors. It's a really good list, but I'm siding with Connors because Bryson DeChambeau historically struggled a bit at Augusta. He's got no top 20s and five starts. He's coming back from his own injury. His Tee Green game last week at the Blair Texas Open was actually really poor. Sam Burns has never played Augusta National before. We're getting weather concerns and delays. So that's going to give him even less lead-in time to get acclimated to Augusta National. I always love Louise Thason, but according to Data Golf, he ranks just a middling 41st in true strokes game from ball striking over the past six months. Meanwhile, Corey Connors is ninth. Connors also has recorded consecutive top 10s at Augusta and actually led the field in strokes game approach last year. My third pick is a head-to-head with Joaquin Neiman over Hideki Matsuyama. And the reason I'm betting against the defending Masters champion comes down to health. Hideki withdrew before the players' championship last month with a back injury, then also withdrew after the first round of the Valero Texas Open with a neck injury just this past week. Of course, we wouldn't take just anyone over a non-100% Hideki. And the case for Neiman is pretty easy to make for Augusta. Over the past six months, Neiman ranked sixth and Data Golf's true strokes game, Tee to Green, Hideki ranks 17th. To say the least, both are sub-par putters, not phenomenal putters, so we're getting a Tee to Green edge with Neiman, who also holds an edge in driving distance, which is a key stat for Augusta National. Neiman has just two starts here. 2018 he played as an amateur, T-40 last year, but a lot points to Neiman figuring out and playing well at Augusta historically. So I'm going to take that this week against Hideki. That'll do it for my master's picks. Best of luck this weekend.


What's going on everyone? Sam here with late in sports cards. We're in 23 top scrown baseball breakers, the light 12 box full case break number two, random team style. Looking again at your random results. As always, you can find those on the website under the results tab as well as the link in the chat. So good luck guys. Let's pull something big, man. First case was decent. Pulled the Pajero legendary auto redemption. That was pretty sweet. Outside of that, a couple of golds. Blue Raywave was pretty cool. Paraza, orange, youth quaker. Outside of that, I was pretty much the biggest. They pulled a J-Rod ultraviolet. Ultraviolet stars. You know what brand of bubble mail are we using? U-Line. U-Line. U-Line, Matt. U-Line. I know U-Line about that. JJ Bledais, Mackenzie Corp. Oh man, that's great. Bubba Thompson, Benny Pascantino. I don't think I could physically phase Donnie tonight. Freddie Freeman. There's a youth quake wander. Nice one there. You give yourself a yellow card for that joke. Purple Chucky Robinson auto. Nice one there for the Reds to 250. Base auto, Corbin Carroll. There we go. Congrats to the Diamondbacks. Michael B. Here you go, buddy. Corbin Carroll on the base auto. First Carroll we pulled today. We will take that all day long. Congrats there. Do you have an extra knife? I'm not using scissors. Here, you can take this one, and then I'll use the blue one. My bad. I'm not using scissors, though. I'm drawing the line right there. I'm drawing the line right there. We'll get you one of those saws, and you can open it like that. Wander, 36 up 50 on the gold. Mookie Betts, I'm assuming that's going to be a short print right there. 73. Can I see a refractor when you get a chance if you don't mind? Thank you, sir. Yes, that'll be a short print right there. Mookie Betts photo variation short print. Nice one there. Then we've got a Ramon Laureano to 199. Carroll Superfactor, treat yourself with a burger 10. Sounds pretty good, actually. Me and Heather are actually going to go to Portillo's tomorrow. It's the first time, because there is one in Orlando, which is kind of sweet. So we're going to go tomorrow, and I'm very excited for it. It's like a Midwestern chain. Really good like Italian beef sandwiches, and hot dogs like Chicago dogs, that kind of stuff. We have an orange and a gold in this. That's going to be Corbin Burns refractor, von Grissom Rookie, Francisco Alvarez Rookie, Mikey Stremsky. Riley Greene, yes, start in in Chicago, yeah. Riley Greene, there's Paul Goldschmidt. Got a Drew Waters on the negative. Got orange, Avon Herrera, 17 of 25. Nice one there. We've got gold Gunner Henderson Rookie, two of 50. Go to Jeffrey M.A. Congrats, buddy. That is a pretty massive hit right there. Gold True Rookie of Gunner. Big slime, Gunner Henderson. Congrats on that one. Very solid. Great first two hoxes in this case. Logan O'Hoppe, youth quake. That is a Josh Smith J. Smoove to 199 on the teal wave auto for the Rangers and base auto, Logan O'Hoppe for the Angels. Well, he gives back healthy. So basically, these are just going to have, I think it's like 12 or 15 cards a box. No base, no base at all. All refractors, inserts, parallels, numbered cards or autos. That is it. I'm not doing scissors. Donnie is over it with the scissors. Dude. All right. We've got a Jeter Downes, Sean Murphy, Christopher Morel, Mookie Betts, Javi Baez, Tyler O'Neal, Purple, Carlos Correa at a 250. The twins, a negative, DL Hall Rookie. Green Steven Cuom to 99. Yeah, these are new this year, Ryan. Maldechuk, youth quake. Got refractor auto, Vinnie Pascantino for the Royals to 499 and Nolan Jones, Black and White Mini Diamond Auto. Got breaker, delight exclusive, one in four boxes. My favorite parallel. I mean, I always love the golds and the oranges. I'd probably go with that personally. But like the new ones, probably the sub zero. I think it's a cool idea that they're numbered to negative five. It's just, it's very, it's got to take some getting used to because it's very strange, but I think that's kind of cool. I think it's a good idea. You know, it's unique. I like the uniqueness of it. It's going to be a hunter green. We got, I think there's backwards on this one. Another Corbin Carol auto. Wow. Two base Corbin Carol autos in one case. Michael B. Michael B with the Diamondbacks killing it, my friend. Congrats, buddy. That's huge. Take it, dude. Not bad. It's going to be a refractor of DL Hall to 499. Another image variation, Shohei Otani. That one's kind of cool. I like that. Congrats on that. Angels, very cool. Orange Wave, Nick Castellanos. That is a deep drive to left field. Orange Wave. Nice one there. We've got gold. Zekel Tovar 50 of 50. Nice one there for the, I think that's Vinny, right? Vinny, do you have the Rockies? Yes, you do. Vinny, congrats on that one, man. Last one stamped. You quick. I would say Jayrod. Miguel Cabrera. Hey, Yvonne Herrera Rookie. Yachty. Hunter Brown. And Shayna Clanahan. Chabroni Pearl. Yeah, I kind of agree that the taco fractors are not like an actual parallel. Imagine the taco fractors were numbered to like 500.  Oh, another taco fractor.  But Seya Suzuki. That is a Corey Lee. That is going to be to 299, Purple Mini Diamond Auto. I appreciate that. I would want you to keep that, Mil. I would want you to keep that, but I appreciate it. 225 is Nate Eaton. Orange Wave for the Royals. Blue, Dermis Garcia to 150. Brian Reynolds to 350, Future Mini Diamonds. That is a Atrician Casas. Photo variation. Rookie, three photo variations in this. Not bad. Grats on that there. Red Sox. It's going to be a Byron Buxton, Nick Castellanos, Oscar Gonzalez, Jonathan India, Brandon Crawford, and Charlie Blackman, Chuck Nasty. Yeah, I heard about that, Tocque. I didn't see it, but I heard about it. It's pretty sick. Good for him, man. I think it kind of helps with the format of this product where it's like you're going to have a good chance at like this photo. Yeah, oh yeah. Because there's so many less cards. They're kind of forced to put some in there, you know. I feel that for sure. Yeah, this is a hot case right now. Got a Christopher Morel Youth Quake, Cal Mitchell. That is a Refractor Rookie Auto to 499. Another Corbin Carroll, the third one in the first half case. Holy cow, going again to Michael B, the third Corbin Carroll Auto. We are averaging a Corbin Carroll Auto one every two boxes right now.  So from that statistic, we have three more Corbin Carrolls. Yes, three of these boxes will have Corbin Carroll Auto's. Theoretically, Tasker Hernandez to 350. Green Youth Quake to 99, Mackenzie Gore. And a Blue Sonar to 125, that is Alexis Diaz. Now we've got Matt Olson, Marco Vientos, Logan O'Hoppe, Nelson Velazquez, Leo Verpeguero, and Jonathan India. Do you want to make a Corbin wall? Yeah, we might as well just have a separate recap of just Corbin Carroll stuff. Good Lord man, that's awesome. Close to it.  Now we're back to the right way here. Nick Prado, Ezekiel Duran Rookie, Trey Turner Refractor, Nolan Aronato, Jose Altuve. That is a Randy Rosarano. Gunners is a number match. So you're number two. Alec Thomas, Youth Quake. It's going to be a Vinnie Pasconcino, Rookie Auto II, not numbered. For the Royals, we've got a Louis Varland, that is going to be to 199. For the Twins, nice one there on the Teal Wave Auto. We've got Miguel Vargas-Purple to 250. Gold, Joy Manessas Youth Quake, 17 of 50 for the Nationals, and a negative of Chris Sale. See, I guess this is Jersey number 250 then. Yeah, that is Jersey number 250. That's actually kind of nasty. The Gunner. Wow, I didn't realize that. Good catch on that one Andrew. That's sweet dude. That is pretty slick. Pretty nifty. Nifty. They're nifty gifties. Very nifty. Oops, I let you have this box for an episode. I just thought of that's so stupid, but so funny. Kate Cavalli. There's nice. Bone Naylor. Congrats on that one. That is going to be going to the Guardians on the Rookie Auto. Got a True Blue Auto, that is Freddie Tarnac to 150 for the A's on the Blue Auto. Green Asturi Ruins, color matched to 99 A's. Blue Mookie Betts to 150 for the Dodgers. Green Sonar, Austin Hayes to 99. That's pretty cool actually. Now we've got Mr. Brian Bayo, Dermis Garcia, Cedric Mullins, J.J. Blodet, Mackenzie Gore, and Hunter Green, the episode where Jim and David are having like that secret meeting in the conference room and Andy pushes Michael in on that stupid cheese tray.  He just like it's covered. And he brings in like goldfish and like blue cheese and like taking like it tastes like cheese off people's sandwiches in the break room. I don't remember that. It's so funny. It's dumb, but it's so funny. Now on to the next one here, everybody. We've got a Adley Rochman, Refractor Rookie Garrett Cole. That is going to be Jacob Grom, Vinnie Pasconcino, Freddie Freeman, Boba Shet, and a gold Michael Groove. Nice one there, Rookie for the Dodgers. It's a 50 on the youth quake. Purple Sandy Alcantara, or Sandy Alcantara to 299. Purple Mininimans, Pink Joiminesis to 399. That's on that one there. Nationals, we've got ourselves a Dermis Garcia base auto for the A's. Blue Adley Rochman to 150 on the auto. We've got a case, man. Holy cow. Dude, that's insanity. Jeffrey, MA. 103 of 150 on the Adley. Good lord, this case is freaking loaded, dude. Holy cow. Oh my gosh. And a youth quake Asturi Ruiz. Good lord, man, this case is insane. Wow. Three Corbin Carroll base autos in Adley Blue and a Gunner Henderson gold true rookie Jersey number 250 out of one case of Breaker's Delight. Out of the first nine boxes of Breaker's Delight. This is quite the delight, if you ask me. Yeah. Sure. There's a O'Neill Cruz. There's Stevenson, got a new Darvish. Gabriel Moreno rookie, Miguel Vargas. Shintaro Fujinami. That is going to be a Ozzy Albees to 199. We've got a pink Albert Pujols to 399 on the farewell. The Cardinals. O'Neill Cruz, negative. That it. Adley Rochman to 199.   Holy Jeffrey M.A. Good lord, bro. Unbelievable. Ah, dude. That's going to be a orange Gerard Incarnacion 25 of 25s. O'Neill Cruz Kayla because I'd like to request a transfer to this case.  I'm assuming, most likely, Vinnie. This is nuts, bro. This is absolutely nuts. We've got the radiant rookies coming up here. That's Wilson Contreras, Jose Miranda, Taylor Ward, Carlos Correa, Oswald Paraza, variation rookie. Got Javi Baez, refractor. Gold Youthquake, Mackenzie Gore. Nice one there, 250 for the Nationals. Junia to 199. That is a Shay Langleyers on the radiant rookie. Congrats on that one. They're A's, very nice. That's like 1 in 680 packs or so. Love it. True Blue, Michael Staphanic to 150. And it's going to the Angels. Bryce Johnson, rookie auto for the Giants. Bass and Trisha Casas, you quick. Last box. 10-10. Brian Nelson, rookie. Simeon Woods Richardson, Jose Altuve. Randy Rosarana, Vinnie Pascantino. Orange, CJ Abrams, Youthquake to 25. Green, Peter Lanzo, 10 to 99. That is a Nick Prado Auto to 199. Blue, Vaughn Grissom. Nice one there for the Braves to 150. We'll take that. We've got another redemption behind it. Topchrome Legend Autograph Refractor, the big unit. Randy Johnson, going to Michael B. To go with your three Corbin Carroll autos. Unreal, dude. Unreal. That's going to be so sick. The big unit. Hell yeah, man. And Gunnar Henderson, rookie. That one should be fine. All right, let's do a recap here, everybody. Good gosh, man. We had Nolan Jones, Vinnie Pascantino, Logan O'Hopy, Randy Johnson, Bryce Johnson, Dermis Garcia, Bo Nailer, DL Hall Refractor, Cal Mitchell, Vinnie Pascantino, Corey Lee, Chuck E. Robinson, Louis Varland, Josh Smith, Michael Stefanik, Vaughn Grissom, Freddie Tarnick, Nate Eaton, Gerard N. Carnassione.   Three Corbin Carroll base autos. One, two, and three. Gunnar Henderson, jersey number true gold to 50. And two Adley-Ruchman autos. True blue to 150. And teal wave to 199. It's going to do it for the break guys. Unreal case, dude. I did not know. That'll do it for the break guys. Thanks again for the fill. Up next is number three.


Okay, let's see if I can get you. So what we typically aim for is 300 milliseconds or bust. So 300 milliseconds is typically the point at which software starts feeling smooth and slick. It's better to be well under that, but kind of 300 milliseconds is the target. I typically tend to aim for about 100 milliseconds in my own software just to allow for the cases when things are not as good. So why do I do this? The short answer is that it scratches an edge and I really enjoy optimizing stuff. And then my general day job, I don't get to do it very often, maybe once or twice a year if I'm lucky. Also, I really like it when LibreOffice is snappy. It's, I really hate waiting for my computer. I hate it when it interrupts my train of thought because it needs to take a while to think about stuff. I was doing some work on this slide show earlier and I happen to notice that for example, in the press, when you right click the context menu on the left hand side to create a new slide, it takes about a second or so to open and fully display the context menu, which is not great. But I do have to say that there was a lot of disappointment when it comes to trying to answer my software as complicated as LibreOffice. It is a huge undertaking. There's just this mammoth load of software and you have to punch your way through often several layers to get between the piece that needs the information and the piece that has the information. So often I end up throwing away my attempts. Roughly 80% of my optimization attempts get thrown away before I get to something useful. So about one in five. So you need to be prepared to do this a lot. But take heart because it does work in the end. If you keep trying and you keep asking people, eventually things will work out. One thing that I have find is that it's wise to stash your attempts. So I either get stashed them or I use get format patch to export them to a patch file and I'll say them in another folder because as you're exploring and working your way around you might often find that get patches or I mean an earlier attempt is a better fit as you figure out things later on. Now, when you do this recommendations, do the easy ones first. You'll often start optimizing and I often will do a whole class of optimizations across the whole code base and I'll always start with the easy ones because the easy ones get you into the rhythm of things. They let you get some early successes going which maintains motivation which is very important when working on a code base as large as LibreOffice and it lets you slowly adapt whatever optimization you're doing to the code as you grow the optimization and get better and better. And surprisingly, fixing the easy ones often has just, fixing two or three easy ones often has just as much impact as fixing a big one. The easy ones often add up to a decent size improvement and that's partly due to cache effects which are pretty much what dominates CPU stuff these days. The other thing that I can definitely recommend is having good hardware and I know this is problematic for a lot of people because good hardware is expensive but doing optimization with our decent hardware is just an exercising frustration. LibreOffice is not that fast to start with and once you throw an optimizer or a profile or something on top of it, you will just often find that your machine lags dreadfully and you won't get yourself into a good flow unless you have at least a decent CPU between eight and 16 gigs of RAM and preferably actually pretty much a requirement these days is to have an SSD type hard drive. Now that's not ideal because your machine is now no longer representative of the majority of people using LibreOffice but it's just one of those things. The other thing that I can recommend is using two source trees when you're working on LibreOffice. You will often find yourself needing to switch backwards and forwards between optimizing the code and then testing out those optimizations and it's very, very hard to debug and optimization in an optimized build. It can be done but it is just frustrating because the source code doesn't always line up nicely with the executed code. The debugger has a more difficult time assigning useful values to things that you wanna inspect and stuff. So typically I'll bounce backwards and forwards between trying out an optimization and then I'll copy that optimization using GetDiff over into my debug build tree and I'll compile it there and test it out there and debug whatever issue I'm trying to debug there and once I've got it working, I'll GetDiff it again and then get applied to my native build tree and see how it's worked out there. One of the things that I worked on over the last year was temporary files. I thought that the temporary file situation in LibreOffice was wonderful and I've noticed issues a couple of times with temporary files and I just, it hadn't really kind of, it hadn't really stuck in my head until I ran across a particular use case which was trying to load a presentation and Microsoft presentation and creating hundreds of temporary files in the process and that became really obvious that our temporary file situation on Windows was not ideal and the more I dug into this, the more I realized that LibreOffice's idea of a temporary file is closely aligned with the Unix idea of a temporary file which is great because that's where it came from but that doesn't line up with how Windows treats temporary files. Now, in the Unix world, temporary files typically load in the slash temp file system and that slash temp file system is typically a special magical file system which is very, very fast and is sloppy in the sense that it's, it will lose data if the machine dies and that's fine because they're temporary files but Windows doesn't have this concept of a slash temp file system. It has temporary folders but inside those temporary folders, those files are normal. The way to make a file from a Windows perspective, a magical fast temporary file is to pass in file attribute temporary which actually works really, really well when you pass in file attribute temporary, Windows will then say, okay, great. This file can live in memory and it doesn't have to get flushed to hard drive and if it dies, well, that's just too bad. So I made that small change and that didn't make as much difference as I thought and then I had to dig through the code further and then I discovered that we were closing these temporary files and reopening them. Now, in Unix, this is great, it works fine because it lives on a special file system so opening and closing it is really relevant but on Windows, the moment you close it, it becomes a real file and then it gets written off to the hard drive and then the slowness kicks in. So we had to unwind that change that closed and opened things on Unix which was probably there for back in the early days when file handles were a really, really scarce resource but it's no longer an issue with today's machines. So that got us better. However, it was still not as fast as it was on Windows as it was on Linux. So I did some digging and as it turns out, we use our normal file handling infrastructure when we deal with temporary files but our normal file handling infrastructure will flush files when that file object dies which is great for normal files. It is terrible for temporary files. The moment you flush, Windows says, oh, you really must want this data and then it writes it to hard drive. So we had to pass in a special flag down to our file handling infrastructure to say when this is a temporary file and you don't need to flush it on close and then finally we reach the promised land with temporary files on Windows are pretty much as fast as they are on Linux which is great because it speeds up a bunch of stuff that we do. Okay, so we really need to be nice to cache. When you're optimizing stuff, cache is incredibly important. And one of the things I've been doing and if you've been watching my comments lately is I've been switching out some uses of unique pointer with standard optional and what I'm trying to do is I'm trying to co-locate objects here. For example, if you have an expression like int x equals P1 dereference at fetch P2, dereference at fetch P3, what you are doing is you are doing, you are bouncing through memory and every time you bounce through memory you are probably triggering a fetch from DRAM which is a long way from the CPU. It's a long walk and the CPU is effectively stalled until it gets that data back from RAM and then installed again when you fetch the next one. So you're bouncing through RAM and you're really slowing things down. So ideally we wanna try and co-locate stuff to reduce the amount of time we spend fetching stuff from DRAM. For example, standard vector is almost always a better idea than standard list unless you have particularly large objects because the data is co-located. So when you fetch it from DRAM you're typically fetching multiple elements at the same time. Okay, now as it turns out, when dealing with memory, malloc is actually quite expensive. It may not seem like it because our CPUs used to be slow but our CPUs are so incredibly fast these days that malloc is actually becoming a significant bottleneck. And the reason is that malloc pretty much always has to take a lock. Now, one possible option here would be switching to a fancier allocator like JEE malloc or one of the other mean mallocs or other things floating around. But when you're dealing with the application as large as LibreOffice, that is not an ideal answer because there's just so much magic going on down in the language that we use that switching out malloc implementations is not ideal. So where possible, we should try and minimize malloc calls and even better allocate things on the stack. So I've been making a bunch of changes lately where instead of allocating something from malloc, I just allocate it on the stack. Because the stack is wonderfully cheap. The stack is wonderfully cheap because allocating on the stack is literally from the CPU's perspective, a case of bumping the SP register. You increase SP register. The RAM that you're dealing with is almost always in cache. The CPU generally goes to quite a considerable length to keep the stack data in cache. The stack data is accessed linearly forwards and backwards. So it's very nice from the CPU perspective. So stack is generally very, very cheap. And we have a fair amount of these days. I believe we have about eight meg worth of thread stack on a typical application. And if we ever need to, we could easily increase that because LibreOffice allocates very, very few threads. Now, some people say when we need to make things go faster, one thing to do is to use lockless type algorithms. Now, that is generally not great because lockless algorithms require slightly weird data structures that are very awkward to use. And you have to be very, very careful about using them because when you're using the lockless data structure, you have to be careful that you're not accessing two different lockless data structures at the same time or a lockless one and a different one because then you could end up with two pieces of data that are not consistent with each other. So I have avoided this thoroughly, except for one case. We have found one case where a lockless data structure is great. Now, the funny thing here is that this is in the SVL shared string pool where we intern strings and calc, we share strings because calc often are very large spreadsheets. You have an awful lot of strings that are exactly the same and then it becomes a significant benefit to share the string objects in question as well as the uppercase variance of those strings. Now, I actually tried this lockless data structure about two years ago and it didn't make any significant performance difference. So I threw that patch in my pile and I keep stacked and I forgot about it. And I went back to the string pool about a year ago and the string pool was still slow and I tried the lockless data structure and it still didn't help. And then myself and Lubosh worked on the string pool together and we improved it and it was great for a while. And then this year I looked at it again and the shared string pool came up again in a profile of a problem document and I stuffed in the lockless data structure and this time it made a difference. So the answer is lockless is generally not the answer except when it is because you tried everything else. So this particular time it did make a difference.  The other option is multithreading. So we have multithreaded a few things. We've multithreaded the calc load and we multithread the loading of an unzipping of zip files in the background. And this is great to speed things up, but, but. Multithreading keeps bringing in regressions. It's just really easy for the initial work to be fine and then later on it turns out that in certain scenarios you're accidentally touching some code which is not using a mutex or you're touching some code which is not using atomic reference counting and things fall apart. So we use multithreading where we can but we acknowledge that it is a problem in the code-based side of the Libra Office where it is very hard to cordon off things and be sure that you've gotten all the edge cases there. We've had to debug several, not me personally but other people that had to debug lots of multithreaded related issues. And consequently, so we treat this with great care because it doesn't always provide the magical land. And also when you're dealing with multithreading you often find that you multithread it and it's just as slow as it was before. And that's because you find yourself hitting shared locks or you find yourself having to put mutexes around pieces of code to protect them because they have been called from all the threads simultaneously. And then as soon as you've done that you discover that all of your threads are now ganging up on that one mutex and then you've gotten a benefit. So multithreading is nice but then you have to do a whole bunch of follow on work that's follow on work recently where I had to take mutexes out of pieces of code and convert that code to immutability. So the code was initialized once, the data structure was initialized once before the threads were created and then the data structure didn't change after that so that threads could all hit it simultaneously without needing to take locks. And that worked out very well. And that is actually the end of my talk.


Hey guys and girls, welcome back to theCUBE's coverage of Dell Technologies World 2023. Lisa Martin here with Dave Vellante. This is our second day of coverage, our first full day. We were here last night as well. A lot of news to unpack, a lot of hot topics. One of those hot topics is cyber resiliency. We've got two of our alumni back to talk about that. What it actually means, how they're delivering it for customers from a Dell perspective. Rob Emsley is back with us, Director of Product Marketing at Dell Technologies and David Noyesville, VP of Product Management. Guys, great to have you back. Thank you for joining us today. Thank you, thanks for having us Lisa. Yeah, great to be back. Isn't it great to be back? It is. It is. So I've been hearing so much about cyber resiliency the last year particularly and I always wonder to different companies and customers, what does it mean to actually be cyber resilient? As we know in today's age, ransomware is no longer a, is it going to happen? It's when the supply chain obviously the risks though that we've all experienced. How do you David and maybe Rob, commentary from you, how do you define, how does Dell define cyber resiliency? Well, it's a number of different things, but holistically we kind of talked about the three eyes a lot, which is immutability, isolation and intelligence. And really immutability is kind of like your first line of defense. That's making sure that you can't delete your good copies of data that you can keep snapshots and make sure that nobody's tampered with them and get back from them, which is great. But that's where a lot of the products that provide cyber resilience stop is around immutability. Really what we believe is that not only that, if you've got to compromise, there's potential that something's been compromised for quite some time. And by the way, someone's got keys to the kingdom could potentially cause even more damage. And so we talk about isolation as the next step, which means taking your data and putting it in another location that's air gapped where the bad guys can't get at it because it's not open all the time and basically there's not a pathway for them to get there. And then intelligence is the last part, which is more than just looking at, hey, is my data changing frequently, but actually being able to look at the data and go based on the signatures of what we know attacks look like, we believe that attack occurred and here's what the impact was. So you can get back as quickly as possible. That recovery is table stakes. Absolutely, absolutely. I think the reason why that's so important is if you just take one of those, I can do isolation, okay, I got an air gap. But when I talk to practitioners to say, yeah, the other thing that I worry about is that sometimes ransom, you got to go to a process. It's too hard. And so the bad guys are like, let's just threaten to release their data. And so, and if they do that, then you're screwed. Okay, so you have to have that third piece which is the intelligence. My question is, do customers, how well do customers understand that how comprehensive are they taking this approach? Kind of pre-pandemic, post-pandemic. I think the number of attacks have just gone up and up and up. The volumes have gone up. And people realize now that you need a clean room environment to bring your data back into.  Your Active Directory could have been compromised. So those compromises could be so prevalent within your environment that if you don't come back into an air-gapped clean room environment, there's a chance that you bring your data back and you're hacked all over again. So customers are starting to understand that. And then the second part is, you may have had an attack that's been latent in your environment for a very long time. We talked to customers who maybe they've gone 30 days and the data's already been compromised. The days of malware going in and just randomly encrypting everything, that's over. Now it's a much more sophisticated attack. It's like flip a few bits. You can't bring the files back online. But if we know what kind of signatures to look for, then we can identify that that happened, where it happened. And that makes that recovery process that we discussed so much faster. If I have to bring back a few hundred files versus millions and billions of files, that's a much faster recovery process. And recovery of a business. Rob, can you comment on, as we talked about ransomware being a, it's happening all over the place. Customers have to be able to be resilient. Can you comment on how Dell is working to incorporate some of the design principles that David talked about? Talk about that from a Dell Technologies perspective. Yeah, for sure. I mean, certainly one of the biggest misconceptions that customers have is that it's not going to happen to me. My industry is not a big enough focus for cyber criminals. And that is really just proving to not be the case. I mean, we've seen customers ranging in every industry segment, whether it be education to healthcare, to certainly to finance, which everybody thinks that's where people go first. But really the cyber criminals are looking to disrupt every customer across every segment and then look to them for financial benefit. So certainly from our perspective, this is where backup and recovery over the last few years has become a central element of the discussion around how to become more cyber secure. And certainly the element of cyber resiliency, backup and recovery is not there to prevent bad things from happening to you. It's there to get you to be able to recover when the inevitable happens. You know, and that's I think why you're seeing in the backup and recovery market, so much focus is on cybersecurity. And certainly we've been finding that our cyber recovery solution has become almost like one of the first discussions that we have with our clients. Certainly our existing clients that've been with us for a long time are extending their environments with cyber recovery vaults that provide isolation and intelligence, but also we're finding that completely new customers that maybe their previous environment has failed them are coming to us based on our expanded story. What's the profile slash persona titles of the customers that you're engaging with? Who is it? Is it SecOps? Is it the sort of admin team, the storage team? What is interesting, I think that in years gone by there was always the joke that when you went to sell back at you would take the stairs down to the basement, but really now when you're selling back in recovery in the modern world, you're taking the elevator to the top floor, to the boardroom, you're talking to the CISO, you're talking about risk, you're talking about, it's not a case of if but when, it's a case of you will be hacked, you need to embrace that and be ready for the time to bring the business back online. So definitely the level of customer that we're talking to is definitely increased. You only have to look at the examples around the world of customers that have been impacted, around the level of people in those companies that are having to talk to the media, having to go public. And it's not the IT director, it's the CEO. It's the CISO that are having to get on the phone, get on the news channel to explain what they've done and how they've recovered. Nobody wants to be the next headline, right? But to your point, it's those folks at the top that have to answer to brand reputation damage, customer churn, the failure of the business. David, talk a little bit about, in addition to cyber resiliency, some of the other expected outcomes, as Rob pointed out, there is no industry that is safe from the sophistication of these hackers. But in terms of some of the other expected outcomes, what can customers expect Dell to deliver for them? Well, I think there's a couple of things. I mean, we talk about our security, but we also talk about being more modern, and we also talk about resilience. So, look, you're talking to Dell, let's just talk about resilience for a minute. We have a great heritage in our data protection portfolio. Our purpose-built backup array, the PowerProtect DD, previously known as Data Domain, has just a long history and heritage of being just bulletproof in terms of extremely stable, highly resilient, can't lose data, no matter what. And that makes its way into all of the products, and our next generation products, we've launched recently an integrated appliance called DM5500, which has that DNA in it. Second one we talked about is simplicity. So what can you expect from Dell? We understand customers' pain points, and one way of avoiding errors and loss of data in the environment is not just building a cyber vault, but making sure that the environment is wrapped up and simple. And what I mean by wrapped up and simple is you can't make any mistakes. We want to make it easy to deploy, we want to make it easy to use, and we also want to prevent you from creating situations where you put yourself in harm's way. So the whole goal of the products that we're putting out now is to make sure that it's easy to use as possible, and make sure that they're basically, don't let you put yourself in the foot. Now, security plays itself, plays through all of that in a number of different ways as well. So because you're buying from Dell, we own the product top to bottom, the software all the way through the hardware stack. So it's not just about immutability and detecting that a cyber attack has occurred, but we can actually secure the entire box to make sure that the BIOS is secure, that someone can't go in, just because you used immutability instead of retention lock that said, hey, this data has to be retained for seven years. I can't go in as a hacker and push the clock forward to 2033 and all of a sudden, all my data is now deletable. Whoops, and now I go and delete it all. I can actually lock the whole thing down because I own that operating environment. Doesn't mean we're not building software defined solutions. We want to be able to pick those same solutions up and run them in the cloud, run them anywhere, but when we ship as a Dell solution top to bottom, that vertical integration gives us a lot more control to keep the bad guys out. How are customers wanting to consume this capability? One of the realities is it's many ways. It's multiple consumption models. You still have people interested in capital expenditure, OPEX and subscription is certainly on the rise. We still have many customers that look to deploy backup and recovery on premises, but we're definitely seeing more and more customers look to deploy backup and recovery in the cloud. Certainly if their workloads move to the cloud, then they want the ability to use the same backup and recovery solutions that they've relied on on premises in the public clouds. So if you think about yesterday's announcement around APEX storage for the public cloud, a key element of that that we've been doing for several years is APEX protection storage. It started, really. And that has been where we have literally almost 2,000 customers around the world and over the last three years we're proud to say that we're protecting over 17 exabytes of data across all of the three major public cloud providers. And the great thing is that it's the same DNA as David mentioned that they've been relying on within their physical appliances. We lift and shift it and we provide it as a complementary solution to object storage within the public cloud. So if you think about object storage, people always think, well, that's a very cost-effective architecture, but when you marry that with industry-leading deduplication, the cost to serve for them, because cloud is not free, so efficiency in the cloud becomes a very key element. And we've sort of looked at all of the solutions across public cloud environments. And we're up to 80% more cost-effective when you're deploying Dell data protection solutions in the public cloud. So it's both the protection and then expanded to cyber recovery, because one of the things that we've talked to you about in the past, is cyber recovery on premises, but also cyber recovery with APEC protection storage in all of the public cloud providers. If I may, like, Rob brings up a really good point about people wanting to get those cost advantages of protecting data in the cloud. I was talking to some customers at Dell Tech World here who are getting 80 to one reduction in their particular environment. So if you think about reducing your cloud costs by 80 to one, it's just phenomenal in terms of driving down the actual cost of infrastructure. That's a big deal. So you mentioned some great stats, Rob. Caitlin Gordon actually mentioned the same. Was it 17 exabytes of data protected in the cloud? You talked about thousands of customers, yet the Global Data Protection Index Survey, that's something that Dell sponsors every year, showed that from over a thousand decision makers, still two thirds of organizations are still concerned. We don't have the right existing measures in place here, two thirds of them also believe that, ah, this feature of work, this remote work from anywhere is a risk. So obviously, the value prop is there, the TAM is there. What do you say to prospective customers who come to you in this two thirds bucket saying, we don't have the confidence? Dell, help us get there. It's interesting, and you bring up an interesting stat because I think some of it is because until you've been impacted, you have a kind of a lack of confidence that the tooling that you have is going to get the job done. One of the things that has often been written about is that customers need to think about how they can become cyber resilient organizations. And one of the ways to do that is to hire for failure, hire people that have actually experienced a cyber attack because then they're not afraid to understand what is needed. So some of it is, they're concerned that they're technology but often that's a shorthand that they're just concerned that the technology and the organization is just not prepared to go through the steps that are necessary. And that's where Dell can help them because we've certainly been talking about technology but the other side of the coin is people. And Dell has a lot of people working in global services and it's amazing, and David knows this, even customers that haven't implemented are cyber recovery bolts but are using our Dell backup and recovery products. When they have issues, people are only a phone call the way. Incident response and the ability to put people boots on the ground immediately and to man like 24 by seven help decks for them becomes so important. And then one of the big differentiators, remember is Dell is an end-to-end infrastructure company. So it's not just backup and recovery that needs to be looked after. We're able to bring equipment quickly and urgently in order to bring back production environments. Because remember, when your production environment is impacted, it's often a crime scene. You can't get back to it. The authorities are investigating what happened. So you need a supplier that can not only look after your data but can give you a place to put it back. And that's one thing that Dell is fantastic at doing. You know that dynamic that you mentioned about a lot of customers, the nature of data protection, backup is if you've been snake bitten, then you go out and get your stuff protected even down to the PC level. That's the way it used to be. I think there's much more awareness of it now.  But there is a business case in terms of, if I can use insurance terms, reduction in expected loss. There's a probability that within the 10-year period, you're going to take a loss of X and that insurance company will bet their business on that. Is there a more of a mathematical business case approach to this beyond, hey, board, your reputation's going to go down the toilet? Are people beginning to quantify the business case in new ways? Well, I mean, I think they are and I think that they're recognizing that they need to invest more and that's why those investments are happening. And you see it throughout the data protection industries that people are investing more. But not just in terms of buying infrastructure but also in terms of bringing in those expert people who can make sure that, yes, not only is there going to be a cost incurred if we actually experience one of these things but let's bring in people who are experienced, who've done this a thousand times. At Daltec World here, we announced something called product success accelerators. We talked about backup, but there's a product success accelerator specifically for data protection. And if you were to be able to pay for that additional service, you're going to bring in people who have a runbook of how they've done this at a thousand different customers and they're going to basically do it using well-known, tried and true, tested techniques to make sure that you have consistent policies that are set up in the right way that you can get back your data and they'll be with you the whole way. So it is an additional investment and we see people making that investment and they're making that business case and that's why we're taking that elevator to the CISO because they understand that even when budgets are tightening and you're in kind of this economic times that we're in right now that this is not the kind of thing that you can basically skimp on. So, but they have to make a choice. Like with your data, how far do you want to go? You can go as far as just doing immutability, which we talked about earlier and that's kind of the least that you want to, probably the least investment that you can do to protect your data. You can go all the way to that cyber vault that we talked about, that's the most and customers have to make that choice. For what portion of my data just requires immutability and what portion requires that extra investment because it's so mission critical, this set of applications run my business and without them that's the lifeblood. I need to be able to get them back quickly and they're willing to make that investment. And if I don't have the talent, you're saying you can provide me with a service that can close those gaps and I can do that through partners? Well, they're looking to expand that to partners later but right now it's a Dell-driven service that will expand over time. But basically there's three levels which is one is we're going to help you get set up and we're going to train your people so that you have the expertise in-house to go and do that. You'll teach me how to fish. Teach you how to fish. The next one is we'll come in and periodically make sure that everything's okay, we'll check, okay, you're all in your compliance, everything looks good, all of the bits that you have to set are all set, you're at the right code levels and so on and so forth. And then there's kind of a third level which is not quite a fully managed service but it's like a eight by five level of service which means that we're going to be with you every step of the day, every step of the way during the work day. We're going to make sure that if you have a question as you're doing things, you've got a buddy standing right next to you who's well versed in cybersecurity and they're going to actually help you and make sure that you're successful. And if you're willing to make those investments depending on where you land and where your business case that you make to your executive staff lands, you can choose one of those services and get the outcome that you're desiring. A lot of flexibility in what Dell's delivering which doesn't surprise me. Guys, thank you so much for joining us on theCUBE today, talking about modern, simple, resilient data protection, how you're delivering it and what the outcomes are the customers can expect. We really appreciate you guys joining us on the program today. Thank you, thanks for having us. Great to see you both. Likewise, you have to come back. Thanks. For our guests and Dave Vellante, I'm Lisa Martin. Up next, JJ Davis is back on theCUBE. We're going to be talking about Dell's ESG priorities and some of the progress, probably a lot that they've made on their moonshot goals we talked about last year. Stick around.


The embattled Yoruba Nation campaign as Sunday a day more aka Igboho has made good his threat to sue the federal authorities over the July 2 raid of his Soka Ibadon residents by operatives of the Department of State Security DSS. Igboho filed a suit at the oil state high court Ibadon against the DSS and the Attorney General of the Federation HGF Abu Bakal Malami S.A.N. Seeking 500 billion Naira damages. He sprained a cult for an order for the enforcement of his fundamental human rights. The suit was filed on the day one of his cancel dismissed as untrue speculations that a Beninese passport was found on the activists. Besides a federal high court in Abu Jai yesterday ordered the Department of State Services DSS to produce a before 8 and Thursday July 29 2021 12 associates of Igboho were arrested during the July 2 raid of his Ibadon residents.