Because when you know better, you invest better. Join us and experience the difference today. TFNN Educating Investors. The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. All now toll free at 1-877-927-6648 or internationally at<PHONE_NUMBER>. Now, Larry Pezzavento. Okay, folks, we'll review a couple of things. This is the treasury bond trade that we were doing. We're gonna go on the small timeframe now. Just do 13 minutes. You see it's starting to move pretty good. Put your stop at your break even point now, folks, which is right down here at 1325. It gets back there. You don't wanna have anything to do with it, okay? Now I wanna talk just a second here about the trade we had on the other day in the December soybean oil and it's not working very well. I just wanted to give you a little heads up on that. There is the chart for the, there it is right here. Here's the problem. You see, folks, we bought that list with that. We bought it right here at 27. What happened was we went down a little bit lower. Okay, then we rallied almost exactly to the 382 here. And if you look at this on the daily, you know, this is just not acting right. So I suggest we take a small loss here. That's 30 points, 30 times six is $200. So let's just take it out and we'll look to buy it back at another time. That's really what I'd like to do because it stopped where it should have. And with what I see happening in some of these other markets, it literally scares the Bajibis off of me. And what I'll do is we've got Stan Harley as our guest right now. But what I'm going to do now is I'm going to go into the Bitcoin. I want to show you folks why I was so nervous about this. Now, let me see if I got the right one here and make sure everything is working okay. Hope you can understand what's going on here. Here's a Bitcoin. This is on a 15 minute chart. But let's go to the hourly chart because this is the one that was the most troubling to me. The reason why is there's so many people out there. I mean, this is really a woke, all these, there's a lot of young people doing this. As you can see, this thing, let me get rid of all these and we'll do these together and we'll do them together. I just wanted to show you what we were watching here. And this is why I was so nervous. As you see, when we have a big top up here, all of the retracements that we've had now, if you believe in that old little magic number, I'm not going to report it on the air because too many people, okay. There's the first magic number was right there. The market goes down and makes a new low. So what you need to do is to go over and check it again from the high, this is trading view. And you'll see this one here went a little above it right here and then, ah, shucks. Then came down below it. This is the one that was the most troubling for me folks because this thing is in a strong downtrend in a time when it is supposed to be the most bullish as it possibly can be because they're going to take half the supply off the market. Boy, oh boy, I could tell you a story about this stuff that would, one of the biggest, I'm going to tell you the story because this is important. One of the biggest things that ever happened to me was in June of 1976. I was long the quietest in soybean oil, soybeans and soybean meal, everything I could buy or anybody would listen to me.  And the report came out of the USDA on that Friday that the only soybeans that were going to be available would be in the Smithsonian Institute. I tried to get that off of Reuters but no one would give it to me. But that was an actual thing. We didn't have the stuff that we have now.  We were still trading ticker tapes at that time. Anyway, it was so bullish that they said the only soybeans would be available, would be in the Smithsonian. Well, I was long and I kept hearing the calls in the morning. We're going to be up the limit two, three days minimum in the nearby far end. He said it's limit up to, and then, oh, 15 minutes before the market opened. Well, there's some selling in the far, far ends. It's not limit up, but all the others are tight. No chance of them coming off limit. 15 to five minutes to go. There's some selling coming into the back end. It's quite substantial. The market's backed off a little bit. We're all, we're come off limit just a little bit here.  This is, I swear to God, that was Ivan Auer for Conti Commodities. And he, by the time that he finished the sentence, beans had opened. And instead of opening limit up, they opened two cents higher. And within five minutes, every single option of soybeans were locked down and they stayed locked down for three days. So this is what I worry about when I see something like this. I have some good friends in this that have done incredibly well. I just think it's just really careful. So I'm gonna look at this on the daily and show you the same reason why I got berries to stocks is the same thing that I have this. Okay, here's the daily. Can I move this around a little bit? Okay, so we can all see it. Let me remove all the drawings here so it'll remove all this stuff here that we don't have to look at. Because this could be the best buying opportunity of ever, folks, because let me get rid of this one here too. Okay, and remove this one. And I'll get rid of this one here because that doesn't mean anything either. And remove that. So here's what we're looking at. Here's where we were way back here in January. Okay, so all I'm gonna do now is I'm gonna do that. This could be a great buying opportunity. I'm gonna announce to God. There's your ABCD right here, okay? Okay, there is your 382. Whoa, stop the music, Larry, right there. There's your 382 here today. Okay, now, folks, it stopped right there. If it starts going down much below here. Now, we've completed an AB, I don't even trade Bitcoin, folks. This is the stuff that I live and dream. I don't even, I've never owned this stuff. I don't ever plan to. But look, there's your AB leg right here. There's your CD leg right there. I mean, it starts going down below here. There's trouble in River City, okay? We already know that the S&P's broken through all those numbers. Maybe today's the lower and it's gonna have a heck of a rally. That much I don't know. We're gonna find that out. But just be really careful here because if we get much below here, right now we're trading, where are we trading at right now? I think I can, where am I telling you? We're trading at, where we're a little below it right now, it looks like. I can't even tell because I don't know how to up. Oh, it's up here. The last price was 50, the low has been 59678 and it's about, it's 6,000, 60,300. So it's bounced off that low and is acting pretty good. So that's a pretty good chance to see what we're looking at here. So that's what I'm looking at as I look at this. This is the trading you set up. I don't use any of this stuff except I can use it for Bitcoin and a bunch of other stuff. But that's really all I was really trying to get across here. So let's get back here to the charts that we wanna be looking at. We got rid of the soybean oil and let's move on here for a little bit here. We've already covered the soybean oil. I can take off the board here. Stan Harley will be our guest and that's gonna be good. Then we also own a big salute to our good friend, Mike Moore because boy, he absolutely nailed that correction coming in the crude oil. Well, if you didn't believe Mike, then boy, you have to pay real close attention because he's a pretty sharp cookie and we'll see how that's going to work here. All right, now let's move on here for just a second. We'll take a break, 877-976648. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability, 30 days risk-free today. TFNN, educating investors. The stock market is a delicate, interconnecting web of commodities, equities, and trader psychology. When one string of the web is pulled, it has a ripple effect across the broader market. This is where opportunity lies. But how are you to gather all of this information into one cohesive model when you're already spending your energy looking for any possible trade opportunities? Luckily, you don't have to worry about that. As Tom O'Brien has brought all important market news to you in one single newsletter, Market Insights. Market Insights provides a daily overview of what's happening in the indexes, bonds, gold, and more. Follow along with Tom daily as he analyzes the components that affect the overall movement of the stock market, giving insight into how each one plays either a bullish or bearish role. Tom also analyzes specific equities that he believes has the potential to make huge returns and his track record proves his analysis right. All first-time subscribers receive a 30-day money-back guarantee so what are you waiting for? Don't let the market leave you in the dust. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis, and it's not just dry tedious text either. TFNN airs live financial content streamed live on tfnn.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN, educating investors. Toll free at 1-877-927-6648 internationally at<PHONE_NUMBER>. Folks, this is why I was so embarrassed yesterday. You can see the 3-8-2 broke. That was yesterday's low. We broke below that quite a bit. Whether this is gonna be the bottom day it certainly could be. You see they were almost at the 78% level now in the S&P, which would be right about down in here. And if you take a look at what the S&P has done here today, just looking at it here on a little bit of a timeframe here, you notice that we came down, we made the 1.618 expansion to that. Now we're having a pretty good rally. Now, if you believe in 3-8-2s and stuff like that, watch for to see if the market is going to have a 3-8-2 rally at Baygali. It's not very far away, right up here at about 76. It starts getting above this and maybe it's gonna be a key reversal day. But there was a place where, I really, you know how much I feel about these 1.618 numbers. They're a mother-gadden country for me because that's where the opera starts and the fat lady sinks, okay? Okay, let's move on here. I'm gonna show you the Russell too because the Russell has broken down, has made a new low, but by just barely. See, there's the low that it made right there. And if you look at this on the long-term daily here, maybe this is just a fake out. This is slightly lower low and then the market could rally from here. So there's a possibility of that. I'm not trying to stretch out dreams and stuff like that, but I'm just giving you an idea of why we're watching these things, okay? All right, now let's move on here to the gold market. I wanna get this up here for a second and I wanna put this up on a 13 minute because I wanted to show what was happening here. Oh my goodness, hold on. Okay, now, same thing in the gold. The gold, there was a low back here. Now we came down and we stopped right at the 50% retracement level, folks. So now this is a bull market. We took out the lows of yesterday, not a big deal. How much do we take it out by? 50 cents, wow, big deal. Well, I went along the gold up in here and so I tried selling it on an ABCD up here but it didn't get it. So I bought it on this pullback here. I put my stop at break even now and what I'm doing is I'm watching the AI program because it's been a pretty good job of picking out. There was the highs, I was trying to sell it up in here. I bought it down in here but now what I'm going to be doing is I've got my stop at break even. I'd like to see it get up here at the end of the show. I'd like to see it a little bit higher, maybe 23.90 or higher and then I would be able to take my profit and then move on. These are the kind of things I'm gonna be covering when we do the next live trading thing which is going to be on the 26th of March and so we'll be paying close attention to that as we look at these things unfold here. I've got some limit binders in here to make sure everything's are going okay. I wanted to get over to the Crudall because you remember we had Mike Moron here the other day and he was incredibly bearish. There was, we tried getting filled here. We missed this by just a heartbeat. Then this is the mother of all patterns here folks. Unfortunately, I was doing so many other things today and this was early in the morning, like at three o'clock in the morning, I was trying to sleep but there it is right there, this little puppy. Now this is an eight minute. So it's taken two hours from three to 5.30 to make this pattern. But look at this folks, A, B, C, D and then what's it followed by? God, here I am selling this. Missed the biggest one of them all. There is a beautiful 135 pattern. There's one, there's three and there's five. Let's just see how close it is. Remember it's just an eight minute chart but if you're trading eight minute charts gives you a pretty good chance to look at, there it is almost spot on, boom, bang, boom and bang, this is a $2,000 move folks.  Sometimes they look a little better than they usually do. So hey, we're having a pretty good rally here in the old stock indices. We're gonna get to that 382 here. Let's take a quick look at it right here to see where we are because we're almost there right now up here at the 76 level. So watch it at 76 and we're gonna see what happens. We've got Stan Harley coming as our guest. I've got a couple of stocks that go over because of people have been asking me about them. You'll never guess what they are. Big, big surprise. The first one is Mr. Appel who's down by the well and I think he's right there. Let's get it up here. See if we're still above that 67 level. Yep, we sure are, it's still held up pretty good but if you like 382s folks, just the other day, just the other day from the high we made back in January, the 382 was, no it wasn't January, it was a high it was made way back in December. Excuse me, it was January. There was a high right here coming in exactly at the 382 and now it's selling off still quite a bit. So they don't always work but when they do, it's always good to see him unfold here. Now let's take a quick look here. The next one we wanna see which is Mr. Tesla. They sure have a lot of bad news about that poor dude and maybe he's, hold on one second here, we'll get this up here. Oh, I have to tell you a story too. Gosh, I gotta do that. That's most important of all. We got Stan coming up. You know, we take care of an elderly gentleman. He's 94 or soon to be 94. And I took him to the pharmacy yesterday to pick up his medication, okay? Now Fred is retired naval officer, okay? Well, we're getting close. We're getting almost down, it's breaking here to the downside. So we go up to the counter. It was a one month supply and Sharon, the doctor pharmacy there, she said, Fred, she said, that'll be $6,823. And I was standing there with him, I said, Fred. I said, did she just say $6,823? And he said, yes. I said, what is this? And it's a prescription for rheumatoid arthritis and Fred has that. And I said, Fred, I said, did you ever try to get this in Mexico? It's Larry. He said, I can't spend the money that I have, okay? And who knows what we'll be looking here just a second. He said, I can't spend the money that I have, so it's no big deal. Okay, anyway, that's pretty much what happened. And I said, oh my goodness, Fred, that's a toughie. Anyway, the good part about this, Tesla is not taking out yesterday's low yet, but it still might. It's still a little bit early in the old ball game. So we'll pay pretty close attention to that. Oh, I'm doing my radio show now. Hold on, I gotta tell you that I'm doing my radio show, just doing it just a second here. This is the problem here when you have Fred. Oh, just a second, he's asking a question, so I'll take care of that a little bit later. Anyway, let's move on to the next one here. We got Stan Harley coming up. Tomorrow's guest will be, I don't think I'm going to be here. It's a 50-50 thing. I have to attend services for one of our nearly departed. And it may or may not go on because something's happened with some relatives coming in. I may or may not be odds or 70% that I won't be here, but I will be here Friday. And Norm Winske will be our guest. Next week, we've got a couple of big ones. On Tuesday, we've got Bill, Peter Haleides. And then on his birthday, the 25th, it's the, we'll have a Bill Meridian on then on the 25th. Today is Arch Crawford's birthday, folks. Same birthday as J.P. Morgan. Unfortunately, Arch has a very, very severe brain disease and he is in communicato. He's moved to back to where his brother is and they're taking care of him, but he's not in good shape. So we need some white light for a good friend, Arch. Stay tuned for Stan, a man Harley, we'll be right back. Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. If you spend any time online researching trading techniques on how to begin your trading journey, you've no doubt come across many folks who push forex trading as a way to make big money quickly. Unfortunately, there are equally as many stories of these so-called forex professionals just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the forex market. This is what sets Teddy Keckstatt's the Tiger Forex Report off the riffraff. Every Monday, former Chicago Mercantile Exchange member and author Teddy Keckstatt releases his Tiger Forex Report newsletter where he dives into the complex world of forex and takes time to actually teach you his methods that have made him so successful in the fast-paced and rewarding world of forex trading. 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You can sign up now at tfnn.com for just $97 and with all TFNN newsletters backed by a 30-day money back guarantee, you have nothing to risk. For all the details, visit tfnn.com. You'll find Fibonacci 24-7 right under the newsletters tab. This portion of Trade What You See is brought to you by Directions Daily Leveraged and Inverse ETFs.  Visit direction.com. Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day. Before investing, carefully consider a funds investment objective, risk, charges and expenses contained in the prospectus available at Direction.com. Read carefully. Distributor, Four Side Fund Services, LLC. Okay, we're back folks and I believe we have Stan Harley in the house. Stan, how are you doing today, my friend? Larry, I'm doing just awesome. Awesome. This is good to hear. This is good to hear. What do you have for us today? Anything good? Well? You always do, so. Well, I try, I do my best. It's more than the best. Well, thank you. Let's take a look first at some theory. As you know, I'm a big numbers kind of a guy. My, the thesis of Brown, my market outlook is what I call market kinematics. Kinematics is the science of studying motion without regard to the forces behind those motion. Those motions, so that's what engineers do. They study the motion of a ball across the table or a rocket in the sky or a car traveling down the road. We don't care what the forces are that create that motion. We just want to study the motion itself over time, model it with equations, and then we can make some reasonable forecasts about the future. And that's what I do my very best to do with the markets. I've talked a lot on the air with you and the viewers about Fibonacci numbers. I thought I would just hit them again very lightly. They were first discovered, I believe, by some Indian mathematicians back in about the second century BC, and they kind of went dormant for a while until Leonardo of Pisa found them in use in the Eastern Mediterranean. His father was a customs inspector for the Italian government. He traveled with his father throughout the Eastern Mediterranean and heard about this series of numbers. There they are on the screen. He authored a book, not so much about these numbers, but more about advocating the use of the Hindu Arabic system which he believed was vastly superior to the Roman numeral system, which was then in effect around 1200 AD. And then in the last chapter of the book, he talked about this numerical sequence, the rabbit problem is what he referred to. And these numbers were later named Fibonacci by a French mathematician and we now call them the Fibonacci numbers and the Fibonacci series. So I make a lot of use of these numbers in my work. Here are the numbers and here are the equations that define it. It's a quadratic equation. The solution square root five plus one divided by two is 1.618, that's the ratio function. And there's a formula that defines a numerical sequence. I won't go into that today, but there they are. There's the Fib numbers. There's a companion series of numbers that I have done a lot of work with. That's what I call the Lucas series of numbers. Also found by Edward Lucas, the French mathematician who gave the name Fibonacci to Leonardo. He found another series of numbers, wrote about them and I studied them a lot and oh my gosh, they do a dandy and I mean a dandy of a job in defining pivotal moves in the financial markets. So I use both Fibonacci and Lucas. I kind of put them in together. Here is the formula for the Lucas series for those who care. People can take a screenshot. Of course this is being recorded and people can go back and look at it. We can get this through your newsletter if they requested to be able to do that. Absolutely, okay, good, good, good. All right, when we put all this together, what does it do for us? Well, let's talk about the stock market. Let's look at some weekly data. This is a weekly chart going back to 1982, a little more than 40 years and Larry what I have found is the Lucas series of numbers and their times two multiples and I showed a little table up here in the left-hand corner have defined all of the high to high moves in the stock market, every single one, 100% of them and I've labeled them there. So between the October 87 low into the March 2000 high, was just shy of 644 weeks, 644 from my table is Lucas 322 times two and then each successive high, every single one is a times two multiple of the Lucas series. So again, we had the number 398, the next high in February of 2020 came within two weeks of 246 which from my table is Lucas 123 times two and so on and so forth, every single high. Now, if this phenomenon continues, what is the next double Lucas count that would suggest a high would be coming? Well, I'm glad you asked that question. Stand. The answer is. I'm a believer in these Lucas numbers. You've been doing some terrific dates. I do. Lucas 76 times two is the next one you can see over here in my table and that happens to line up with November the 12th of 2024. So, you know, we got a few months to go but should the pattern continue? And it may not, but if it does, the inference is pounding the table here. We could see a major stock market high this November. Okay. So you think that the high we put in so far will be taken out? I do. Yes. Okay. Yes. Can you tell us the time of day it will be taken out or is that a little too much to ask? Well, no, no, we can begin to ask. Hey, they ask me this all stuff all the time. I don't know the answer to these questions. Well, let's drill it down. Let's look at the weekly chart again but let's go back to just 2018 through the present. And then on a shorter time span, what I have observed is the market tends to make significant lows nominally about every eight months or 34 weeks. Both of those numbers, parentheses, hush, hush, hush, quiet secret here. Those are Fibonacci numbers also. Yeah. Sometimes that cycle expands and it contracts but nominally it's right at 34 weeks. And I show the next low due right around June 24th. You ever take a day or two? Of course, before we make a low, we gotta make a high. You know what I'm saying? So let's get into that, shall we? Let's look at the daily data. In fact, even before we get into that high point, let's just look at what's going on right now. Right here is you and I speak. I ran this off shortly before coming on and what I've done is I put in all of the dominant lows going back to the 2022 low in October and I used as the zero point of the analysis July 27th, 2023 which was that eight month 34 week primary cycle high in the stock market. The Dow actually topped three trading days later but utilizing the S&P, this is what I'm utilizing as my zero point. And I've gone forward in time and backward in time. From that date utilizing the dominant Fibonacci ratios and then I plug all of those into a spreadsheet, turn the crank and it says, whoa, April 17th today. So the analysis would suggest right in here plus or minus a couple, two or three trading days we should be looking at a significant trading cycle low. And I think we're there. We're away. The analysis says April 17th. Of course, time will tell. We won't know until after the fact but I'm very watchful for a low occurring right here on this date. It may have already occurred. Don't know, but we're close. I hear the music. Stay with us. Yeah, we got a few bills to pay. This is, Many trading newsletters attempt to focus on a narrow set of equities or commodities. While this works for some, it oftentimes misses many opportunities that possess huge gain potential. But how is an independent trader supposed to scan the entire market looking for these hidden opportunities? One simple answer, the opening call newsletter. Basil Chapman, developer of the Chapman Wave trading methodology has been trading the markets for longer than most trading influencers have been alive. And over that time, he has honed his methodology in order to accurately call movements in a wide range of equities. From semiconductors to uranium, to key indices and so much more. Basil is old school, taking the time to educate the trader while also giving his insights into key indices, selective stocks and more. 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Follow along with Tom daily as he analyzes the components that affect the overall movement of the stock market, giving insight into how each one plays either a bullish or bearish role. Tom also analyzes specific equities that he believes has the potential to make huge returns and his track record proves his analysis right. All first time subscribers receive a 30 day money back guarantee. So what are you waiting for? Don't let the market leave you in the dust. For traders who crave risk, directions daily leveraged and inverse ETFs provide opportunities to magnify short-term perspectives with up to three times a daily leverage, utilize bull and bear funds from both sides of the trade and trade through rapidly changing markets. These are highly leveraged ETFs with daily resetting designed for short-term trading, not long-term investing.  For up-to-date pricing and performance, go to direction.com. Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day before investing carefully consider a funds investment objective, risk, charges and expenses contained in the prospectus available at direction.com. Read carefully. Distributor, Four Side Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. We'll with Stan Harley and the Harley stock market letter. Stan, I have a question and that is, or I don't, one of our listeners happens to have one and that is, is there a, let's put it this way, a time when the Fibonacci ratios and the Lucas numbers are exactly the same. Does that ever occur? It doesn't mean very much. Well, good question. What I do is I look for a clustering effect. So if I get a clustering of Fibonacci and Lucas cancer within a narrow time window, that tends to reinforce my thesis. But having said that, let me make also a second comment and that is in my experience, Fibonacci counts from highs and lows are best used along the diagonal. That is, if I want to forecast a high, I tend to look at a prior low and count Fibonacci numbers. Fibonacci numbers tend to work best in measured moves from low to high or high to low. So on the price, the price axis. No, no, no, no, no, no, no, not price. I'm talking about time. So if you got a low date into a high date, those tend to be a component of the Fibonacci series or the times two Fibonacci. Moves from high to high, low to low, more often than not, tend to be a function of the Lucas number series. And what I've just said is probably about a 90%. In fact, and I'll give you some examples.  They're saying that TFNN, your screen is not coming through. Is could you double check to see if, there it is, now we can see it. At least I can see it. Let's ask the folks here at TFNN if they can see it. Well, if I can see it, they can see it. Now we have it. So we're in good shape. Oh, wow, this is really, holy cow. Wow, this is really interesting. Here's my analysis that we were just talking about a little bit ago. And let's take today's low and add 21 Fibonacci trading days. 21 is a Fib number. That gets us in the vicinity of May 16th plus or minus, which is where I'm looking for an intermediate high. Now, if we add the Lucas number 47 to today, that gets us in the vicinity of June 24th, which is what I'm expecting a low. So Fib numbers on the way up, Lucas numbers laterally, low to low or high to high. And then another Fibonacci number, I'm sure a lot of folks are aware of is the number 144. I know you use that a lot in your work. If you take today and you add 144 trading days, you get November 12th, 2024, which is when I'm expecting a major market top. Now tomorrow I might change my mind next week. Next time you have me on, I might say forget about that. But right now that's how it looks. Okay, that's fair enough for me. But by changing the mind, that's what trading is all about. You got to control the risk as you don't have any control of what's going on to some of these markets. That's absolutely for sure. Stan. Well, I do a lot of analysis and I take the risk of putting my views out on the air. Sometimes they can have, sometimes they don't. And that's the risk we all take. A lot of people in this business don't like to do that because they don't want to be proven wrong. I understand that. But I put it out there and let the tomatoes fly if they will. Just that's how I am. Well, you do a darn good job at it, my friend. So keep working with what you're doing. That's for sure. It's an evolutionary process. Every day, the market throws me something new and I go, oh, wow. Okay, you got me on that one, Ms. Margit. And I won't let you do that again. But I know until the music plays, I think we have a little bit of time. Oh, we've got plenty of time. Plenty of time. Okay. Let's take a little snapshot of Bitcoin. Tough animal to analyze. Here is my, whoops, there we go. Here is my monthly chart of Bitcoin. And this is a busy chart. So I'll leave it up there, folks. We're welcome to take a screenshot of it or view it again in the recorded version. But good old Mr. Lucas comes to play every single market peak. This is current right through the present timeframe. This is a log chart, by the way. Makes it a lot easier to see. Goes back to the very first day of trading in July of 2010, all the way through today. And Bitcoin has a tendency to make spike tops and rounded bottoms, which is just the opposite of what the stock market does. The stock market tends to make rounded tops and spike bottoms generally. But that's the complexion we see in Bitcoin. Now, here's where it gets interesting. Every single top of significance, every spike top in Bitcoin can be defined by the Lucas series or it's times two multiple, just like with the stock market and other markets. So what I've done is I put the zero point at the first high that occurred after training began in July of 2020. And that high was on June the 8th, 2011. And then backward in time and forward in time, the Lucas series. And this we're talking months now has defined every single peak, 100% of them without exception. The last one occurred in the vicinity of 123 months from that date that marked the November, 2021 high, plus or minus two months. And now we are at the point where we are Lucas 152, which is Lucas 76 times two, 152 months from that date lines up with April. So we saw high in Bitcoin a few weeks ago. Could that have been it? Sure, it could have. We're certainly right on the heart of the envelope. And some of these relationships, well, actually all of them so far on the monthly charts, they've worked out today. I suspect that this one won't be any different. So what's my message here? We're in zone. We're in the zone based on the monthly analysis for a significant high in Bitcoin. Okay, well, we're going to certainly pay attention. Have you ever done any transaction on any of the Bitcoins or blockchain stuff? I never have. And I checked that box on my SCEDD for the income tax. No, never have. I analyze it for the newsletter, but have I ever traded Bitcoin? No, never have. Not that I couldn't, but I just my hands are full of the stock market. Yeah, well, like the man says, you should work with something you understand and you certainly do a great job understanding this. Listen, we're going to have you on again really soon and stay well, keep safe. And I hope everything's well. Tell Giselle, I said, hello, if you get back here and have dinner with you again someday, my friend, it was a lot of fun. Absolutely, look forward to it. You bet. Stan Harley folks, the Harley stock market letter. So we're going to take a break here and oh, the break is not ready yet. Stan, you still there? Tell the folks how they can reach you. You know, as far as, you know, where they can subscribe to the letter and stuff or get information from you. Here it is on the screen again. There's my contact information. Okay. Well, that sounds great. Listen, thank you so much for being with us and we'll have you on very, very soon. Okay, my friend. My pleasure. Look forward to it. Okay, folks. I remember folks, tomorrow, they're probably 60, 40 that I'm going to be here. But the main thing that we want to do is Friday, we have Norm Winsky and Norm has always got some great stuff in here. So we'll pay attention to what Norm has. So let's stay with us here. We'll be right back.<PHONE_NUMBER>. If you're looking for potential trading setups in the stock market and rocket equities and options report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for rocket equities and options report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN Educating Investors. In the world of trading, only a few names stand out like Larry Pesavento, a pros pro with over 50 years of experience. Larry has seen it all. A former Chicago Mercantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 24-7, Larry Pesavento's daily trading service that turns the complexity of markets into opportunities. 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There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to tfnn.com and hit Watch Tiger TV. That's tfnn.com and hit Watch Tiger TV. Okay, folks, I'll bring this up again, Stan said, that there's probably critical date coming here in the market and stuff, but we need to pay attention because if this thing starts to break and they're waiting for this having thing, whatever that means. And all I know is about having, his attorney says the worst calamity ever had was a man who was married four times. The first wife took 50%. The next wife took 50%. By the time he got to the third wife, there were no more percentages to take. So that's what having is all about. So be really careful. Below $59,000 in this would really be like, to low today has been $59,781. We're currently trading at $59,000. Oh, I can't even tell. I can't even tell what the price is. So I shouldn't say it. The only reason I'm using this, folks, is because so many people, you can see the 3A2 at the bottom here from this one right here. So it does work. So if this holds right here, this is a monster. This is where you play the game right there. You buy the darn thing. If it drops 2,000 points, you're out. But when I, oh boy, something's jumping around pretty good here. Let's move around here. We'll be back tomorrow with our usual stuff. Let's see what we have going on and we'll move on to the next one here. So get this up here to see where we are. And I think what's happening is, where does what happening here? Oh, I know what it is. We went above the 61% retracement here, above the 3A2, folks. This is actually a pretty good sign that this market's got a chance to turn. So maybe this is a big day down here at this level right here. So it backed off for about 10 points, but then it's retraced back up. So that's a good one. The other good news was, let me see, where is the gold? When I think the gold, we just made our profit objective and the gold while we were on the air here. And we'll see you on the flip side tomorrow, hopefully. Have every day in an attitude of gratitude and may God bless.


As somebody with unconventional political views, I sometimes get criticized by people who say, Steve, your political theory is naive. It's an interesting criticism, because I do see naivete all over the political spectrum, especially from those who are on the traditional left-right spectrum. So let me tell you what I consider to be genuinely naive political beliefs that I'm still in the process of sloughing off myself. One, people care about the truth. This is, I think, a very naive idea. Politicians don't care about the truth. The general public doesn't care about the truth. The media doesn't care about the truth. Politics has a very weak connection with truth whatsoever. What people care about in politics is power, and it's specifically group power.  If your guy is not in office and the opposite party is in office, well, by George, then the truth becomes superficially important because you can use it as a bludgeon to knock the other person down and try to get your own group member in power. So to the extent truth matters, it's only until you get in power, and then truth doesn't matter. Similarly, another naive view that I used to hold up and tell fairly recently is that principles matter in politics and in political discussion, that when you listen to the Republican debates or the Democratic debates or the talking heads on TV, they always come back to these lofty principles, principles. Then once you've been watching the political system for long enough, you realize, oh, that's kind of a farce. They only say those things because they sound good so that they can't get elected. People, let's say the voting electorate only talks about principles for the most part because they think it makes them look better than the opposite party who is spy and listen without principles. If you need any empirical evidence of this, just take, for example, the story of the last 16 years from starting with George Bush. So George Bush got elected on this idea of having a being a conservative, having a humble foreign policy, and very shortly into his first term, he started some wars overseas. Conservatives went from supporting a humble foreign policy and not supporting nation-building to, yeah, man, if you're a patriot, we gotta be involved overseas and we gotta be involved in the Middle East to try to set up a democracy there. Very short period of time, we had people who were supposed to be small government turned into big government. At the same time, you also had a great number of people who were self-described liberals and Democrats. Be out in the streets marching against the Iraq war and against foreign interventions that war is not the answer. I can't believe the savage that George Bush is. We gotta stop this guy because he's immoral and killing people. And tell Barack Obama gets elected and also engages in a bunch of overseas meddling, namely invading Libya, bombing Yemen, getting involved in both sides of a civil war in Syria. Immediately, once the opposition power takes office, everybody goes numb. Somehow those anti-war protests disappear and we don't care about the plight of the innocent civilians who've been killed by drone strikes in places in the Middle East because our guy's in power. And then enter this current political election with Mr. Donald J. Trump, who by any actual analysis of his ideas is anything but a conservative. The man's something like a centrist Democrat and yet now conservatives, supposed conservatives, are supporting the man's executive orders, the idea that he's gonna rule by fiat, which they were upset about Barack Obama doing. This is what Donald Trump is doing and yet they're not putting up a fight because truth doesn't matter, principles don't matter. What matters is power.  Then it doesn't really matter what era you're talking about, it's only a tiny, tiny, tiny fraction of any group of people that actually care about consistent application of principles, even when your person's in power and who care about the truth. Take another humorous example, Russia phobia from people on the left with Donald Trump. Only a few years ago, when Mitt Romney was running for president, he was lambasted by the establishment and by leftists for suggesting that Russia was a threat to the United States. They were mercilessly mocking him, of course, because he was running for the presidency. Fast forward a few years later and now we're in McCarthyism again where if you support Donald Trump in any way, you of course are being employed by the Russians and Russia hacked the elections and there's this coup that's happening and everybody's got Russia fever. Came out of totally out of left field, however, people have jumped on it because it's not about truth, not about principle, ain't about consistency, that's for sure, it's about power and whatever you can, if you disagree with Donald Trump, whatever you can sink your teeth into, you sink your teeth into and criticize the man. I even see this with my own libertarian community that for a while, there was a lot of people who were big on the Constitution. They were Ron Paul supporters. Ron Paul seems to be the only exception to what I'm talking about, of people not caring about truth or principle. The man actually did, but he's the one exception to the gang of 435, as he's known. But I see this from libertarians who now that Trump is in power, they view him as being able to smash the establishment, even if he does so by trampling over individual rights. And suddenly libertarians who used to be anti-government, anti-establishment, anti-central power, are now saying, well, if the ends justify the means, maybe we can smash our opposition party a little bit and not criticize them so much. So I think that the truly naive are those who have hope and trust in the political system that take these politicians and the media at their word, that when these debates are going on and politicians just quacking about empty platitude that make no difference in the world that they're not gonna act on, act on, it's a sham. It's a charade. It's the suckers who believe them. The suckers who actually think that they're telling the truth are gonna enact some lofty idealistic policy. I don't think that's the existing system of government. I think it's far more corrupt and hopeless than that. I think that the more skepticism and cynicism you have towards government, the more mature your political philosophy likely is.