Thank you, Ashkahn. What we're going to try to do is have a discussion and address maybe some of the complexities of the issues that have been talked about at the conference and maybe haven't been talked about at the conference. So I want to start with you, Peter. What would you consider to be the most important research question? What would you consider to be the most important research question that you addressed or your lab addressed when you were doing flotation research? Okay, well, before I answer that question, I want to make a comment about Ashkahn's introduction of the panel. In case you're wondering, I'm the ghost of research past. And Arita is the ghost of research past and present. And Justin is the ghost of research future. I don't know what, Tom. Yeah, what does that make me? Now, to answer your question, I think that evaluating the importance of research is left to long-term examiners to see what turned out to be the most important. Because when you're doing the research, you don't really know what's going to have the most influence or the greatest effect in coming years. But I can tell you what was the most fun. The things that I enjoyed doing the most when I was doing flotation research was first of all the studies on creativity, especially the first one that we did, which involved my recruiting colleagues from my own psychology department to float and see if that affected their creativity. And if you think you have problems recruiting the general public to float, you should try a bunch of academic psychologists. That was a feat. But you were chair of the department then, weren't you? You supported them. I was head of the department, but that's not the kind of thing you can order people to do. And the ones I recruited were mostly full professors. And if you know full professors, there's no way of controlling them anyway. You know, birding cats is not in it. And the second one that I really enjoyed was the research on athletic performance, improvement of athletic performance. I met people who had sports-related activities and hobbies that were somewhat off-peak. Members of a dark team, for example. And so we had to measure by the millimeter how close they came to the 50-point target and stuff like that, and they were fun. And it was also interesting because I could try, and to some extent succeeded, in teasing out what kind of sports were susceptible to improvement by having people float and what sports did not seem to be improved by that. And so we got some theoretical ideas out of it. The ones where it worked were the ones where accuracy was involved. Basketball free throws, dart throwing, rifle marksmanship, things like that. When it was just pure muscle power, there was no effect. So we tried with weight lifters, and they floated and they were very good about it and so on, didn't improve their performance one bit. So we were starting to make some distinction, I talked about yesterday about what are the limits of flotation, what doesn't it do? So we were starting to get a handle on at least this aspect of what it didn't do. Then I became dean and I had to stop doing research. Can you tell us a little bit about the creativity research, what that showed? Okay, the first creativity study that I did, which is the one that I just talked about, we got members of my department to float for an hour and then go to their offices and record the ideas that they had had while they were in the tank that were related to their work, either research or theory or both. And the control condition was the same people sat in their office for an hour and the ideas that they had. We counter-balanced the order, so everybody did either flotation first or the office first, so it was our half and half. And what we found was that months later we asked them, we typed up their log that they wrote down about their ideas, I think they dictated into microphone and then we transcribed it. And then months later we gave them the list all randomized and we said, just rate these ideas as to how useful they've been in your research or your theorizing and how creative you think they are. And the ideas that were generated after the float were rated significantly more creative than the ones that were generated sitting in the office. It was important to randomize the order, otherwise we didn't want them to think, oh yeah, I remember that, that came to me while I was in the tank, so it probably was more creative. I want to make the department feel good, so I say it was more creative. Not that anybody in that department ever wanted to make me feel good, but if it's randomized you don't, and they didn't necessarily remember which was which, we asked them which was which and they were all over the place. So it was a very promising study and you know they liked it too, they enjoyed floating and it's a nice handy piece of advice to give to junior faculty in their field that they're not being very creative go-float. Then the most recent study that we did had to do with jazz improvisation. I've had a number of students who are jazz musicians on the side, or maybe they're students on the side of the other. And so one of them had this idea that he wanted to test the effect of floatation on music performance. And he recruited a group of music majors who were specialized in jazz and did before and after with floats and then had their professors in the music school rate of their performance. And the ones that they did after floating were rated by the professors as being more creative.  And so it's the thing that they came up spontaneously with after the float were rated by the professors as more creative than the control group that did that without a float. Okay, Arid, can you tell us what you consider to be the most important research question that your lab addressed with floatation tank research? With the float system, again, the sports performance enhancement really was the most interesting. It was also one of the greatest risks to the entire lab. We were doing a study on improving basketball performance with our Washington State University basketball team on the University of Idaho. And the newspapers got wind of this in Seattle and phoned the student who was in charge of running most of the experiment, Jeff Wegeman. And he was so enthusiastic he did the one thing you never do. He divulged a person's name from the study and that turned out to be Brian Quinette before he was in the NBA. And he scored 60 points in two hours after floating in the tank in one single game all by himself. And WSU as known, if you guys from Portland here know, were known for grasping defeat out of the jaws of victory, we still lost the game. But we had a lot of volunteers, we had difficulty with the control group because we were trying to hold out controls and everybody wanted to float from both teams. So that was the most fun. I don't know if that was the most significant, but that was really interesting. Marksmanship turned out to be improved again. Our work was done often at the same time and we came up with the same results which says we do really good work, I guess, because we're using the same kind of controls versus controls. Marksmanship, we had no improvement in actual physical sports ability. We didn't do weight lifting, but we did some other things like that, hand grip, and we didn't get any changes there either. But with accuracy and calmness in the face of a lot of pressure, they did better with the floating experience. And that's pretty much across the board. I mean, these results you don't have to do a statistical analysis with because they're so obvious it really came out, which is one of the neat things about rest. The results come out whether you're using flotation rest or chamber rest, things really happen. And that's important to know the ones that really happen and not try to sell things to people if they don't happen, you know, stick with the research with it. Probably the most significant, Robbie, was our discovery purely accidentally that although we weren't able to enhance hypnotizability with flotation rest like we could with chamber rest, it did serve for people who are hypnotizable to take the place of a hypnotic induction. We did like Stanford scale scores at Stanford scale testing in the tank and basically we got the same results as if we'd done a formal hypnotic induction. So it served as a hypnotic induction. So that may be what happens for those people who have the ability to enter a state of hypnosis. So those are the more exciting ones. That was the pain study, Ryan. Pilot training study was really neat. You didn't mention that. I don't remember it. And one of the things... That is all the C is. I bet that's all the C is. When you deal with a ghost of research past, we deal with ghost memories and sometimes we forget what we've done. I read a very nice study on pilot trainees in a simulator and he had them float and then do the simulator stuff and they... Oh yes, that one. And then when we remind him, he remembers. That one. That one. Very good result. So Justin, what's the most important research question you're currently asking? For me, the question that I'm starting to sort of make the centerpiece of the lab is a clinical question, which is how to take a traumatized brain and heal it. I think that there's something very profound about floating and entering into what you might call a blank slate or tabula rosa. It brings you back before the trauma to a state of calm, quiescence, equanimity. And to give somebody who's been traumatized in life, whether it be early in life or later in life, a chance at that. Just a taste of what it's like to live without that trauma affecting every aspect of your being, I think could be an enormously huge finding. But right now there hasn't been a single study that I'm aware of looking at floating and PTSD or even early childhood trauma. And so the hope is over the next few years we're going to try to develop a proper randomized controlled trial to investigate this. And then if the results bear out what I think they will, you could get places like the VA hospital or even psychiatrists and psychologists using this as the prescribed treatment. So this sounds like a clinical question. That's a clinical question. Justin, that when a person begins to have glimmering recurrences of the trauma in the environment, which is reciprocally inhibiting of a traumatic type of flashback reaction that you're actually getting a reciprocal inhibition effect. My work with PTSD is hypnosis where we actually relive essentially the experience and help the person overcome it by becoming very, very physiologically and psychologically active with it. And we encourage them to actually go through it. And with the ego strength, the psychologist doing the hypnosis, we overcome the trauma, whatever is remembered. And it's important by the way, what is remembered is often has nothing to do with the actual truth, but that's not what counts in therapy. That's right. It's what is encoded that counts. Yeah. So whatever they come up with in an environment like that, that could have tremendous treatment effects. And I wish I thought of that. Glad you did. Right now what we know about trauma treatment is the most effective in terms of evidence based treatment involves what's called prolonged exposure, which a read in talking about hypnosis and having them relive the trauma, prolonged exposure without using hypnosis. Except if you're doing AMDR in a sense is getting them to relive the trauma over and over again. So how do you think introducing people to the tank with the expectation that they are going to experience that trauma? How do you think that would best be done in a research design? For a read of. For you. We'll start with you and then. So I mean, part of what has to happen is, and I think this is important for float center owners to realize as well, when you're dealing with a traumatized brain, you don't want to push them too hard. It's fragile. And I'm personally averse to the idea of sort of just throwing them into the void with no grounding skills, no preparation and having them sort of face their deepest and darkest fears and memories. So I think a lot of grounding techniques prior to even getting into the tank, teaching them basic skills like focused awareness on the breath relaxation techniques body awareness. And then slowly getting them into the full immersive float experience. I've always viewed it as kind of a hierarchical approach. You don't want to start right away and do the full flooding, but more sort of baby steps along the way. It could really run the risk. I don't like prolonged exposure for that. I mean, we do reliving of the experience. They're short and very intense in the psychological and physiological exhaustion. And I agree entirely with what you're saying. I mean, if we create an expectation, the person gets into that you can run the risk of retraumatizing. A lot of these repeated exposure things just retraumatize the patient because there's no resource. There's no what we call restructuring, rebuilding after to put the person back together. And you darn well better have people who are good with ab reactions around at the time. That's exactly right. But it's unlikely to happen if it's done, if it happens spontaneously because when a person recalls something, they recall it because they want to recall it. They're ready to recall it. It's not like a flashback where a sound of a backfiring car reminds them of being shot at or watching their buddy get killed or something like that. So we have some questions that were submitted. And I thought I would put them to the panel and let the panel sort of run with how they want to answer these questions. The first one deals with the number of floats and the timing of floats. Is that an important thing in terms of achieving the desired effect? So from our research experience, do the number of floats per week, does that make a difference? The length of the float make a difference? I mean right now we're seeing many centers using 90 minute floats. From the standpoint of our research, how long, I think that most of our research we use 45 to 50 minute floats. We even shortened it to 35 minutes in some studies. How long were the floats in your studies, Peter? Well, as I said yesterday, that question, both parts of that question are in the category of things we know we don't know. Right. We don't know what the optimal time period is in the tank and we don't know what the optimal number of floats in any given period of time is either. We used an hour, randomly more or less, because that's what a lot of people were using. But I don't know whether that's the optimal period or not. It may be a little too short. Maybe we'd get better effects a little longer. Maybe we could get the same effect a little shorter. Somebody needs to do the parametric research. How long were the, when you tried to achieve hypnotizability in the flotation tank, Arid, how long did people stay in? Those are just one hour floats. Okay. Again, we don't, I don't know. So you described. Research is that it's not exciting. Well, I understand that. That's why nobody's doing it. But I thought we could at least address this question a little bit. Arid, yesterday, today, when you said that flotation does not increase hypnotizability, but the dry tank, yeah, right, but the dry tank did. That was a six-hour study, right? So we really don't have data that tells us what would happen with a four-hour study or a five-hour study of people floating. We only have data with a one-hour study. And so in future research, somebody could, if they wanted to, try these longer studies to see if it had an effect on hypnotizability. Well, this is like a similar issue to some of Peter's work with smoking cessation, right? So with chamber rescue, very clear results after 24 hours. Yes, we did do parametric research on that and we tried 6, 12, 18, 24, and 30. Yeah. The result that we would get at all, we got with 30, we already got with 24, and we did not get with the shorter periods. So 24 was apparently the best period for chamber rescue, for that particular application. And that's exactly what we did with the problem foods category. Yeah. It's some effect at 12, optimal at 24, nothing at 3, nothing at 6. The other thing with, in terms of getting the optimal float times, as the psychophysiological instrumentation has improved a lot in terms of that, we should be able to get some real data like we can get in chamber. We have that data for the chamber that's a lot easier to keep electrodes on when you're not floating in salt water and so forth, you know? So you'll be able to do that. Yeah. I mean, one of the things that's really interesting, we've already started beta testing. We have a number of different units that are wireless, that are waterproof, salt-proof, non-invasive. And we could look at the relaxation response. So you could take blood pressure, for example. It's clear that for a lot of people, blood pressure is just going down within the first 20 to 30 minutes of a float. And you could kind of see the drop-off over time. And you could try to find the point in time where blood pressure starts coming back up again. And maybe that would be a good cut-off for where you might say that's the float effect. You want to stop once it reaches the bottom and then starts coming back up. Okay, you're ready to come out. And so you could use physiological equipment to kind of dictate what would be the ideal float to say maximize the relaxation response. So would you say that's a direction that future research should be going? I think so. One of the questions I get asked by every colleague of mine is what's the dose of floating? And it's a strange question because, you know, this is not a drug. But nevertheless, the western medical model is all about dose. And so to be able to give people a precise answer to that I think would be beneficial. Are there any physical disorders that would be automatically essentially excluders from floating? So one question was CHF, which is coronary heart failure, chronic. Are those things excluders? Do we know that or how do we decide what should be excluded or not? I remember in our early research, one thing we decided that we were going to exclude was anyone with epilepsy. And we were partly concerned that if a person began to enter into a low, a theta state, that it might trigger an epileptic seizure. But does the panel have any thoughts on this? What you excluded from your research, are you excluding anything right now from your research? Psychiatrically, I mean, I think there's a lot of things we need to be wary of until we have more data. Two things that I just don't know about and maybe people in the audience could illuminate us. If you have somebody who's extremely depressed, maybe suicidally depressed, and is a chronic ruminator, it's not clear to me whether or not the tank would exacerbate that. And so that is one of my concerns. Then also, if you have somebody who's actively psychotic, is the tank going to exacerbate, say, their delusions or their hallucinations? And I don't know if there's any data to speak to that. So for me, I think it's less about exclusion and more about treading cautiously until we have more data. Well, we excluded from both the chamber and the float, people who are deeply depressed, because we had the experience with a few of them that they spent in the chamber. They spent the 24 hours reflecting on how bad their life was, and that's not helpful. And of course, with the tank, we included people who had a rash that would be made painful by the solution. And we also excluded pregnant women, which mostly because we were afraid that if something went wrong, we'd be sued. We didn't think anything would go wrong, but it didn't have to go wrong during that hour if it had gone wrong any time. That's right. We could have been held liable. Although, as I said yesterday, there are some studies that show that the physical discomfort of pregnancy is likened by floating. But A, we didn't know that at the time. And B, we still wouldn't want to take the chance. You bring up a really important point, I think, with running subjects or running participants who just want to experience it. A lot of the cautions are simply because if something coincidentally happens in the environment, you're held to blame, whether it has anything to do with there's any causality at all. In the environment or afterwards. Or afterwards, exactly. What did you experience today? Well, yes. We have to err on the side of caution, I think. Of course, the person doesn't tell you when you're running a tank center. That's a different situation. But you might want to have some kind of disclosure statement. Are any of you aware of any research that's been done on traumatic brain injury or concussions using flotation? There was a researcher at LIBER who studied this, not with flotation, but he studied traumatic brain injury and he studied post-concussive syndrome. And what he told me essentially was the most commonly prescribed treatment for somebody after concussion is reduce your stimulation, rest. And boy, wouldn't this be a great environment to do that in. So as far as I know, I don't know of any studies that have been done, but theoretically it makes sense that if somebody just had a concussion, having them in a float tank could actually be very beneficial. Peter, I know that you did some work post-ECT using chamber rest. Not that ECT is a concussion, it's not. But could you talk a little bit about that? Because I think most people are not familiar with that research. Okay. We were working in collaboration with the psychiatry department at the university. And they referred to us, some patients who were getting ECT mostly because they were depressed. And what we were really interested in was to look at the competing hypotheses that we had found with chamber rest that it improved memory. But there was this general set of reports and anecdotal reports and so on that ECT was a memory destroyer. And so we wondered if we put people in rest after ECT with that balance out the effects of the ECT. And what we did was when they came for the rest session we would put them in the chamber and then when they were finished we would give them a variety of memory tests for things that they had learned prior. And what we found was that there was no effect. Because there was no forgetting of the material that they had learned prior to ECT. Their test scores on the memory tests were just as good as before the ECT. This was basically a demonstration project. It wasn't a full-blown experiment, we didn't do controls. There is so much of the self-reports that memory had deteriorated after ECT that the tentative conclusion that I came to was that we were using the wrong tests. That some kinds of memory are impaired and other kinds are not which is a step in the right direction because previously it was believed that all kinds of memory were negatively affected. I think we at least tentatively demonstrated that it's not necessarily all kinds of memory but we didn't rule out some kinds of memory. If you were starting a research program today, Arid, what would you study with flotation? Well actually I think Justin's got a good handle on what has to be done. We have a lot of things we need to know about duration, we need to know about physiological effects and you're set up to really do that properly. I think there's a lot to be learned and then we'll have data in terms of what's good for this, what's good for that, what's the duration, for this kind of a need whether it's a sports performance thing, what's the duration for somebody just wanting to calm down, how often it should be so we have something to offer the public which is based on science rather than based on sensation seeking which I think is a great way to get people started in it but they might continue if they're getting optimal results from it and that's the kind of data we need. It would be a lot of this, a lot of the research is not so exciting because we need to know things like duration, we need to know the optimal for different things. When you think of TMI, traumatic brain injury, the number of people with PTSD having had combat stress syndrome for example, this is a large number here at TMI, this could be a great opportunity to try to deal with that as well. But again, we don't know, that's the exciting part. I think the first step would be to get ahold of Justin's apparatus. Are you talking what's under his cranium or are you talking about the physical facility? So Justin, where do you see your research going in the next year, year and a half? What projects are you going to do above what we saw yesterday? Well, I think at least for the next year we're still trying to answer some very basic questions that are waiting to be answered and to be honest, I was surprised that they hadn't already been answered. So one of the things I discussed yesterday is, we need to know if magnesium is being absorbed through this high concentration salt bath. And so that's one of the things we're going to know probably within the next year whether that is actually happening. We need to understand more about what's happening in the brain and in healthy people, because eventually my research program is going to be really clinical based. And until we have some sort of understanding what's happening in the healthy, normal brain, we really can't make any sort of conclusions as to what's going on in the non-healthy brain. So I think for at least the next year it's going to be answering very basic questions about what's happening in the body, in the brain, in healthy flows. And then very quickly, probably in the next two to three years, shifting into clinical issues like post-traumatic stress disorder, anorexia and so forth. When you say what's happening in the brain of healthy people in the next year and a half, the study that you showed yesterday really looked at an fMRI right after they floated. What do you have on the drawing board for trying to get a feel for if somebody is floating regularly, what happens to their brain, but we're not going to look at it right after they floated? Well, what's really neat about this magnesium study is it's a longitudinal study. We're going to take people before they've ever floated, we're going to scan their brains, and we're going to let them float twice a week for five to six weeks, an hour and a half each time. So by the end of about a month or so, they've had 15 to 20 hours of float exposure. And then we're going to scan their brain again afterwards, then a month afterwards. And one of the neat things that we've developed is you could do automated algorithms to look at the physical structure of the brain. So we could look at things like cortical thickness. And what you might find is with floating, the physical structure of the brain could be altered. And our prediction would be the areas of the brain that map the internal world of our body might start flourishing. And you might actually see physical changes and expansion in those body maps that are happening in the brain. So I think one of the studies that we're going to be doing over the next year is actually trying to look at physical structural brain changes induced by the floating experience. Is there any evidence from other types of practices, mindfulness meditation, yoga, etc., that that kind of change actually can occur with regular practice of something? There's a lot of studies that use what's called the between-subject design. So you'll take a group of people who've been meditating their whole life and have 20,000 hours of meditation practice. And then you take a group of people who haven't, and you find major changes between these groups. But, you know, the study that I'm talking about is really a within-subject study.  And that's pretty rare. Even in the meditation literature, you rarely see somebody tracking that individual over time and looking for changes within them. So the truth is this will be a really exciting finding if we find any... Do you have any speculation what parts of our brain would change with regular floating? You know, the area that we think is going to change the most is what Dr. Simmons presented yesterday. It's an area of the brain called the insular cortex, but in particular there's a part of the insular cortex that receives all the input from our internal world of the body and the vagus nerve in particular. And it's called the dorsal mid-insular. And this is pretty much the first area of cortex that receives input about things like what's happening in your heart, what's happening in your gut. And what we would expect is this is the area that would actually see the most changes. And so you'd expect thickening, which would imply increase in neurons. Exactly. So the idea, as I told you yesterday, even a single 2mm voxel has about 100,000 neurons. So if we see even a 10 or 20% change, who knows how many new neurons that actually equates to. And why do new neurons appear? Well, this is the exciting times we're in.  Those neurons will start disappearing as you become demented and life is over. And so what really happened that I think changed the whole field of neuroscience about a decade or so ago is this idea of neuroplasticity. The idea that we're growing new neurons all the time and it happens throughout our life. And so to tap into this concept of neuroplasticity and to use floating as sort of a tool to actually enhance it, I think that's a fascinating way to go. Arit, I know a lot of your recent work has been with hypnosis. Is there any evidence of this with hypnosis? Not that I know of. We know what happens when we enter the hepatic state. Well, we have the anterior cingulate. We did the changes with being able to be... We know that the pain effects have nothing to do with releasing endorphins. Very similar to what happens with... Tell us a little bit more about that because that applies to your study and I think everybody would like to understand that a little bit more deeply. Well, it depends which little bit you want because that's about all I talk about for the last 30 years. But while the exciting thing, people often thought that the hypnotic effects on pain control, this, by the way, is nothing new. Ernest Hillgaard, Jack Hillgaard at Stanford, it produced 20 years of research, gave himself his own building. Jork Nahali had to become Dean of Arts and Sciences to do that for doing hypnosis research and he's the one who established reliable measurement of hypnosis. But the pain control aspects were studied and it was thought for a while. Well, hypnosis is releasing endorphins and they did some studies by injecting folks with naloxone and it turned out that they were able to attenuate, reduce, or eliminate pain completely with hypnosis anyway. So it appears to be an association effect. I've had some personal experience with that. I'm only average hypnotizable. I went through surgery with that as an effect. I was surprised at work, frankly, so it's not expectations that some people think it is. But expectation effect to things I think we have to think about in breast research. But one of the things that really struck me, which has pertained to hypnosis research for many decades, is that initially with between-group designs, many good findings were missed because it was obliterated in the fog of the differences in subjects. But within subjects' designs, it was able to give us clues as to what's really happening and changes that happened. For example, you find if you're going to do a, say, hypnotize somebody and you tell them that there's a cardboard box blocking the computer screen in front of them, we have a flashing image to do like a nod-ball paradigm for doing evoked potentials. And what will happen is they will have a reduction at the P300 evoked potential. It doesn't disappear. They actually have to receive the signal to make it go away because it's happening at the executive level. And there's a lot of things like that in breast we haven't touched looking at. And maybe the epic model that Kyle was talking about yesterday becomes a global model to sort of understand that. Well, this has been very, very interesting. And we actually have one more minute. So Peter, I want you to wrap up with basically what you would like to see in the future of breast research. Wow. I would like to see universally accepted. Yeah, I think, first of all, you know, I wasn't kidding about the apparatus. I think that having equipment that can do what Justin's equipment can do is a tremendous step forward in flotation research. The only thing I would wish for in addition was scanning devices, PET scan and MRI that can do it while you're in the tank. Wouldn't that be amazing? I expect you're on the way. Well, you know, I think there's one alternative to that. And that is if we can build a tank that'll fit into an MRI. So that may be the first engineering feat. We just have to get our tank designers and the MRI designers together. Well, actually, you know, the dry float tank is easier for that purpose, right? Because you don't have to worry about the corrosion from the solder and all that stuff. And then I think we do, you know, we kept talking about doing parametric studies and we need to know what the optimal length of flotation is. And I would guess there'd be different optimal lengths for different purposes. And we haven't looked at that at all. And how long the after effect lasts? We don't really know that. You get people who reduce their blood pressure. Well, how long does that last? And then again, how many floats per what amount of time? And then we've identified lots and lots of important problems and important questions that should be addressed by looking at flotation as an investigative tool. And as I said yesterday, there are also a lot out there that we haven't even thought of, but presumably that will come to us as we go along and as more people come into the field. Well, so maybe we can challenge the community of flotation to be active in a way that will get either the government who funds us through NIH or NIMH to realize that we need these studies done or we come up with our crowdfunding mechanism, get our own energy together to be able to generate the funds necessary for this type of research. Thank you very much. This is very...


It is an honor and privilege to be part of this project called Thought Leadership at the University of the Philippines, a multimedia oral history. Its objective, as the program concept says, is to capture, preserve and share as detailed the history of the university's service to the public from the individual experiences of distinguished men and women for the benefit of the current and future generation of UP constituents. For the benefit of the public, the University of the Philippines, as described in Republic 9500, is, quote, the National University, a public and secular institution of higher learning and a community of scholars dedicated to the search for the truth and knowledge as well as the development of future leaders, unquote. I feel humbled to have a one-on-one interview with a foremost UP alumna whose professional career has spent more than 60 years since she graduated from the portals of her and our alma mater in the early 50s. The capstone of her career was her being declared national scientist for her outstanding contributions in the field of demography, highest honor which the Philippine government can bestow for one's outstanding contributions to science and technology. I was privileged to witness her conferment held in Malacanyang during the term of President Gloria Macapagal Arroyo to this day at this age 91. I worked with her in population and development, including family planning and advocacy through the commission on population and other relevant NGOs with similar objectives in fact. She is one of the eminent persons of the forum for family planning and development and in jail, which I am the president. This famous lady, an icon and a legend, is no other than MS Mercedes B Concepcion PhD. Let me start by informing us of her family, mom, your background and if you were to enumerate your parents as well as siblings and you may want to state whether all or some of them are also alumni of the University of the Philippines. I am a product of all UP graduates. My father was from the College of Medicine. My older sister was a graduate of chemistry. My second sister is a dentist and a graduate of the College of Dentistry and my brothers all started in Ateneo but then proceeded to UP one to do business administration and the other one College of Law. Mom, my congratulations to you because you are all products of our University of the Philippines and I know that I'm sure the University of the Philippines Philippines Association must have bestowed our new awards because of all of your families have come from UP. Well, actually I think the culture I grew up in was one that was in academe. My father was a very strict professor and was feared by his students in the College of Medicine. In fact my older sister wanted to become a doctor but then she wanted to duck the class and my father who was looking at her said well you might duck the class but you will also be one of those who I will enter in the cemetery because she were trying to be very hard so she went to chemistry instead. When my turn came at the University I wanted to do something in journalism but my father said journalism you don't need to study that all you have to do is work as a journalist and work in newspapers so he made me take up a general course and where I excelled that was he decided would be where I would do my undergraduate and it turned out that I did chemistry and got a one and he said that's it you will go into chemistry so I finished chemistry but never practiced it because the following year I went into biostatistics in the University of Sydney and after that I had training in demography in the solo department of the University of Chicago. Thank you very much ma'am if I may let me just categorize your achievements as a UP alumna one is in government and the other one is the international community such as the United Nations. Actually I was not a scholar my first year I was since I graduated with honors I was an entrant scholar but I did not keep up my grades and so I paid tuition and matriculation fees throughout my four years in the University. You had your PhD in the University of Chicago and when you came back you became a professor of demography the first lady demographer in the Philippines. Well actually even before I did my degree in demography at the University of Chicago I was already working in the UP in the statistical center which was then a United Nations training center in statistics it later was absorbed in the university and became what is now the UP statistical institute of statistics but it went through UP statistical center I was given a fellowship by the population council of New York to take up advanced courses in demography but when I reached Chicago the chairman of the department of sociology said I know the culture of UP there is no point in you just taking advanced courses because you will be nothing when you get back there all they look at are degrees so you will better take up a PhD and so I enrolled in the graduate program of demography at the University in Chicago and did my academic courses and in 1963 I was recalled by then acting president and Rike Pirata to come back and do my dissertation here because the UN demographic advisor was returning to Australia and somebody had to take her place so that was what happened I did my PhD in absentia and graduated in 1963 but did not along with Dr. Felipe Hocano we both earned our PhDs in absentia in 1963 Ma'am how did UPPI become I mean the establishment of UPPI actually in 1958 the Ford Foundation organized a group of three people to look around Southeast Asia with the goal of establishing population research and training centers in some of the countries in this region so they went to Japan they went to Thailand they came to the Philippines they went to Indonesia and the result was that Japan already had a ministry of health and a population program so they did not need to organize one there on the strengthening of the program so in Thailand the Demographic Institute was set up the UP population institute was established here and in Indonesia the same was established in Jakarta so these three are now the leading institutes in the Southeast Asia are set up by the Ford Foundation it means that as a pioneer in demography you were able to instill the discipline of demography in the University of the Philippines I think it's now part and parcel of the curriculum and the decalice of arts and sciences I was very fortunate because Dr. Virata was very interested in population studies so he was very receptive to the idea of establishing a population institute in the University and since I was the first who had that degree from a foreign University I was it so then followed Elvira Mendoza, Mrs. Pasqual who had a master's degree from Chicago also in demography so the two of us constituted the faculty of the new population institute up to now the UP population institute is still within our University and do you have about trained and produced students who have graduated from either PhD or MA degrees actually the institute does not offer PhDs only a master's program one in demography and another in population studies the PhDs are all trained abroad but I was as I said fortunate that those who followed after me and became the directors of the population institute have all been trained abroad now program the teaching program of demography is now incorporated in the CSSP or the College of Social Sciences and Philosophy while the research on population and population studies is embedded in the population institute so there are two one academic and the other research I see I'm very sure that the the your research and population studies must have been so valuable that there are already policies or laws that have been enacted by the by the Congress of the Philippines as I said I was fortunate that my dissertation dealt with fertility which then occupied the um what you call this the the government who was out concerned with the high rate of population growth of the Philippines and it was also pointed out by the United Nations that we were one of the countries with high rates of population growth so that started the the research program which up to now is still ongoing and in fact later this month the UPPI will have a data dissemination forum on the results of the first national migration survey that's great if I may state that I know the the faculty members have graduated from abroad Dr. Corazon Rimundo who became the UP director later on and now was a passing city councilor also became an academic vice president delayed Dr. Lita Domingo delayed Aurora Perez of course or delayed Jessica Bigot know these are all your all your your product no and who else I think well Grace Cruz and the others yes right so actually they are all over and they have contributed a lot to research in population studies in fact the commission on population have engaged them in in research as well as they become part they become consultants to the commission and other universities mom you see there are two universities one in the south and one in Mindanao father Fligar of San Carlos University and father Francis Madigan it seems to see if we have followed your steps in in creating their own populations studies or population institute actually father Friegel and SVT a German was identified by Dr. Hauser the chairman of the department of sociology at Chicago to take up demography so he followed my footsteps and then set up the office of population studies at in Cebu the University of San Carlos father Madigan a Jesuit who was doing research on Mindanao culture was also involved in sociological studies and one of these was in terms of population growth so his research institute of Mindanao culture became the second institution that was allied with us in undertaking research so whenever we had a national study the two the office of population studies at the University of San Carlos and the research in Mindanao culture Institute at Xavier were always involved so they did the Visayas for the University of San Carlos and Mindanao for the Xavier University I do remember very well mom because these three universities were involved in the commission on populations research studies and of course you were the lead then in ensuring that somehow this the population research would be able to be disseminated for the consumption of the of the public now may I go back to the to the University of the Philippines as our as our alma mater how how do you describe the the connection between UP PI and the international community meaning you know they recognize the internationally the the contribution of UP PI globally in a in a sense actually it was Rafael Salas who became the director of the UN population fund who was responsible in naming the population institute as the organization that will undertake studies in population when he came back from his first for I think he went to the first meeting of his first meeting of the UN General Assembly and there he realized that the Philippines was missing the boat in terms of funds that went to population because there was nothing ongoing here so he came back and came to the population institute and told us to set up a study committee to to be able to recommend to then president Marcos a population program actually it was a family planning program and so we set up a multi disciplinary commission which involved the church the academe and all the different um government departments who were involved in population to study the problem and the result to us that in 1951 and at 51 61 we recommended that the president Marcos espouse a program on population studies and and he did so that was the start and from then on uh that still ongoing now that the population institute is the uh institution that takes care of studying the population in all its facets that's that's correct no because I still have to see the commission and population engaging other universities in population research studies but let can you say that um it was the the tenure of uh the late Rafael Lim Salas assembly as a executive secretary of then president Marcos yes creating was one of the recommendations that emanated from the study uh that we set up a population program with uh involving many of the um government departments to take up all those aspects of population under their organization which had to do with demography and so uh we had the beginnings of what is now the population commission or you did you did help uh draft the first executive order is that correct man yes actually it was uh mr Salas who asked us to draft the terms of reference of the popcorn so that we could recommend that to uh Ferdinand Marcos when he set up the program to this day the commission and population uh also a lot debt of gratitude to you and that to this day they come and enlist your counsel and advice uh of course we are deeply grateful for that and I hope that you will continue uh doing this kind of mentoring and uh providing the council providing council to the commission actually uh we were at also I think very fortunate that um in the recommendation the institute was the only uh non-government uh uh in organization involved in the popcorn uh but uh who all all its um studies were accepted and acted upon by the government this is all the university of the philippines right mom uh now let's uh let's go to the second category of your achievements um in the global community meaning the united nations you see uh the name of mercedes conception is a byword in the corridors of the united nations particularly the un population division and the un population plan please describe you know what you uh what you have done and why all this accolades for you um it was uh president salvador lopez u p president salvador lopez who was responsible for recommending that the population institute director be the philippine representative to the un population commission and so our introduction to the international realm started from that and that was what 1964 so from then on uh we played a role uh not only in attending the sessions of the population commission but in working out the program of research that the un population commission uh was undertaking on behalf of the united nations so we had an in right there and i think that uh my um presence in the un population commission of which started in 1967 uh and continued for many years uh was responsible for the work program of the united nations in population uh being i think a woman a demography from a uh uh underdeveloped country and a catholic gave me many uh perks and and uh i was always considered whenever there was something to do with population because first of all a female a catholic and so forth and that also led to my appointment at the vatican's uh commission on natality which started the population problem yes um in fact uh you are one of the two asians uh who were appointed as members of the yes uh the two two asians and two women of from underdeveloped countries who were appointed members of this commission one from india and the other from the philippines so it really means you have that distinction because uh all the rest of the commission members either came from from europe from latin america and from from the united united states um maybe you may wish to tell to tell us the resource of the study which of the birth control commission in vatican actually um the study the papal commission recommended the use of contraception but the influence of some of the diehard members including a jesuit an american jesuit who influence the the contrary recommendation so our recommendation which was the majority was uh ignored by all the six um six and um and he only looked at the study the research has to be undertaken so but having said that uh at least the uh the uh the study showed to the international community that uh concept contraception can be promoted for as long as it's not about the fashion for as long as uh it's the choice of the couples uh in terms of family planning actually um what was accepted then was rhythm the practice of rhythm as a in terms of contraception but uh the majority opinion which uh was in the report was glossed over because of this influence of the five uh strong members who were conventional and uh who wanted not to rock the boat mom uh i have one last question if you don't mind uh what words of wisdom should you impart on our millenials uh who are our president emerging and succession uh succeeding generations i think that um what i would like to emphasize here is that if our belief is that we need to do something uh about the population program and uh growth of the philippines that we should not be uh afraid of acting on that and i think that um i have on my side uh the national economic and development authority uh whose uh director general is uh a uh one well known in terms of this espousal of population and its uh development you know there's no doubt that social economic planning secretary uh Ernesto Perna is the number one uh exponent and advocate of population and family planning and uh because of his example the commission and population has become more aggressive and really wanted to ensure that we have a quality of life for the uh future generations and now i think that the pubcom is um assuming a major role in fact uh its director is now an undersecretary uh the first time that uh the director has been elevated to to such a rank uh i hope that the president uh undersecretary dr gp peris will be able to have this full support of all the members of the commission i i i believe so mom uh because i'm part and parcel of the commission on population and i can see the commitment of undersecretary peris with the guidance of the chair secretary peria uh what do you think is your legacy in the field of demography am i legacy yes well i think that when i think of the students and the graduates of the u p population institute uh which is now in its what they call it third generation i i feel very proud because i think that in spite of the limited number they are doing what should be done up to now thank you mom for sharing these thoughts that would inspire all of us particularly our present and future university of the philippines students these are all most worthy of emulation congratulations thank you


The following is a presentation of TFNN the Tiger technician hour with your host Basil Chapman call now toll-free at 1-877-927-6648 Hi everyone, Bowser Chapman Tiger technicians hour we're looking on this what is Wednesday the 11th of May we're looking at the Dow having had of the futures up sharply yet again just same as yesterday the only difference is that after the CPI report which I think was 8.2 which higher than expected or it was in the higher range the market just tanked but we've come back strongly and I want to just mention that for subscribers to my opening call I did send out an update should have arrived just at about 10 o'clock just before I did the news and just to reinstitute the positions that we had earlier on and what we're looking at here and some of you might not have been able to get them because everything happens so quickly doesn't matter we're looking at the DAW up 234 points 32,397 so that what I showed subscribers this morning is that in the Dow chart this Chapman inside wedge target this is this is does two things one is it's a target support line in the Chapman is called the inside wedge target support line that'll pink dashed line is the one we're following but within that and it made a low low quite a bit after the left side right side price time match but it got really close on that low that was made on the 2nd of May at 32,049 now what's really interesting about this see this is the what I call the Chapman inside track propellant line if it breaks down it becomes a resistance line that's number one number two is the on balance volume this blue line is very going that was it was becoming a little bit oversold the stochastic was at is that 9% that is so ridiculously low but it can still go low remember under under 10% is like over 90% under 20% is like over 80% so we're in the in the oversold but you remember I always like to think that underneath 20% is where that's what you want if you were short you want to see the prices remain there and on the upside over 80% if you're long that's where you want prices to remain so this is getting to the level where you have to use other techniques and the techniques I was looking at to say that there should be some kind of a turnaround here or at least the an attempt is because of the power of this balance level was trampoline declining trampoline bounce level if in fact all selling was dissipated anything that happened either prior for after 830 prior to the 930 market open Eastern time well up until 10 o'clock as we come out of it there could be a lot of wiggling and wiggling but in fact what we really want to see is this the start of some kind of oversold market condition and I'll show you in each one look the S&P I lost some of my data had to shut down I know what's going on I think it's because trade station it gets so overwhelmed I haven't had that for years I might have to update and get a higher system yeah I thought it was very I but doesn't matter I'll get something if I needed but when I'm looking at the yeah I put in all these different lines I have to do them over again this is showing exactly the same thing in the S&P you've got to the chapter we inside inside track support level you hit it almost exactly and now you're attempting it's just an attempt to try to form some kind of a tradeable bounce all of these things I have to change it didn't before I lose them and not only that when I have to shut down prematurely without it guarantee that it's being saved I lose all the data that I've done much recently and it goes back and for some recent charts that are very old come back again and the newest chart I don't know how to explain it it goes into a library this is 15 years I've been trying to figure out I haven't figured it out yet when it shuts down prematurely and I haven't been able to save I lose data because it's none of this is automated every single chart that you see here is notated by me by hand so obviously there's a lot of work to do not under every chart I'm just saying the chart most recent charts and some of the very old charts I have to read you all right in fact I wonder if I even got that one that I read didn't this morning it doesn't matter so we're looking at the S&P off the low hasn't taken out the law of yesterday which was 395817 I have to change this three nine five five eight 17 I have some questions about Chapman we've on the way down is it as accurate as on the way up and the answer is the notations and everything absolutely there there may be the interpretation my interpretation sometimes is necessarily a hundred percent but everything here look I said cell signal we were just cell mode in the Dow the Dow is still in a cell mode the S&P is in a cell mode I said the month weekly charts or in cell modes and we will know very soon whether we're going to get a cell signal in the monthly charts well if you look at the Dow that's still a peak E we've gone down to a leg B and this is something I want you to show you as well look at this this is the QQQ now I have over the years a lot of my techniques have morphed they've become a little bit more focused as I've learned more about all the different techniques that I practice almost every single day many times a day in fact so what I'm looking at here is that the single leg down leg a in the monthly chart I knew it was going to happen again to me that is a PG now in the monthly chart there's no other way I can count it because we took out that left side low and that's going to be very important so that is an F there's no alternate count that is an E no alternate count and it just went up sequentially peak A, B, C, D, E, F and G so where the question came in and I've spoken about this forever that yes in the in the in the monthly charts even though I've got a leg B going to a peak B in the S and P everything else all the other indices and that's the reason why I took it so seriously and that's the reason why we are in such a high cash position one of the highest cash positions we've had a long time even taken off one of our two year I think it is our lungs it hit one of our stops the final stop so we've made huge gains and that's the last one was 59% gain we got that cash we're ready so a single leg down like a straight line move says two things to me one is that if in a shorter time frame there's a major buy signal you could have a really strong move to the upside that's number one number two is another way to look at it is you could you could have a number of bars in this time frame that have come down the straight line but the shorter time frame can give you a rally that makes a trough and then you go to a slightly lower low after the huge extension down so I'll talk about that in a moment but the meantime the dollar is up 222 the S&P's up 20 and we've got the QQ's are you looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis in our gear to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com TFNN educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 seven newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry Pesavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 seven newsletter today TFNN.com educating investors sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors toll free at 1-877-927-6648 internationally at<PHONE_NUMBER> Hi folks we're back and we're looking at a doll that's really uh the sellers are just salivating and that's not a good sign remember yesterday I spoke about hubris hubris for instance someone buying every single big cap or at least high tech stock with tech stock on every every dip and thinking that's great and then seeing them tumble 60 70 80 90 in some cases GT just mentioned in the email you which is not you but you're not why are you but you the symbol you we follow this forever we once I think they had a just for a day or something like this way up going to the 210 round number hi this is unity software game creating soft I remember I wonder a bit I've lost it but I think I typed it out I remember hearing Kramer interview there it is no oh no Kramer interviewing the CEO this is November it was sometime in November after an earnings report and they made a 210 round number I think was just after it or maybe just before and the CEO I I remember someone in the den and I I mentioned it you and then someone in the den said oh yeah the CEO was really going on I said to myself I said the CEO made a sound like this was just the perfect solution for every software package gaming video whatever it is it just sounded absolutely amazing like almost all the CEOs coming on for interviews on CNBC and I can't believe it because it was up it was definitely over 200 and we're at 32 dollars right now gap down earnings unity the other one a firm we were looking at that and it sounds fantastic unity game creating software the guys sounded absolutely amazing and then a firm holding interest free and interest bearing I remember the CEO the same thing if I got lost all that no there it is the peak effort 176.65 in November and 176.65 oh my it's at 16 dollars and 91 cents right now this is I don't know what I don't know what more the bears are asking for because if you haven't taken profits at this particular point and said wow that is fantastic I think you'd be a little greedy right here yes it could go broke at 16 but if you're starting a new short right here you give that's where it's far more dangerous so I just wanted to mention just kind of put into perspective what we're looking at there was there was talk about a crash coming out you know this is this is a market that's just going to wear the bulls out slowly but surely but every time you think it's great because you've shorted and you're just perfect unless you've taken immediate gains or you've gotten into those stocks that had whopping moves to the downside just the trend change was a monthly trend change not just a daily pop these very very short-term trades both on the long side and the short side they just take you apart unless you get your profits you take it out and say great so and with that in mind we've got this huge cash position absolutely I want to start putting it to work we started putting to work I hope for those of you who get my newsletter you got my update update said repeat wash repeat wash and that's what we've done I believe that this is the one that has the best chance of of seeing sustained a sustained move a daisier it does a 9300 sbs of 34 nice start look at the e-mini I drew this I didn't finish it because I was my show came back live while I was drawing but this is what I do all the time in my own work I drew left side right side price time matching the cup formation or the arch formation I drew the chaplain wave inside wedge target resistance line this is live these are people who were looking at the den earlier on during my commercial break we're looking at this and I had this as a price time move to go back to the 952 high in the e-mini s and pf 403.403 6.25 we haven't got the yet it's got another it's actually got another six or seven minutes to do it we just did it breaking out in a shorter time frame and that means this is peak a right here this is peak a this is peak b and if this is a if we push sharply above this left side high of peak d then what and the stochastic said 92 that's fabulous bank d is good that just says that we should go in the chaplain wave this is called let me just get this right here this is called the chaplain wave cup and ladle pattern not yet it has to still break a little higher in leg c I don't want this to occur in a d because then that's going to be double top but if this is a leg c it should go sharply above that previous peak d and then pull back use d as a support level if it comes back at all and then go to a leg d so it's extremely bullish on the I'm doing about a one-minute chart so that's just that's what I'm talking about if this pulls back yeah from peak c it means you've got to get limited just for the one-minute chart remember I'm not doing about a lifetime doing about a one-minute chart and in the two-minute chart you can see 40 40 is the next resistance 40 34 we've just gone above and in the week and 120-minute chart this is extremely bullish that's one of the reasons why I sent out that report at 10 o'clock to subscribers because I see enough evidence to say it might be a struggle but the low that was made was purely an emotional letdown and that strong plunge to the low of 40 I'm sorry 39 55.25 no 39 47.25 at 9 o'clock that might have been to give up from you know all the bulls that thought okay great for two days you've had huge rallies pre-market and that's going to hold enough with that I've got a lot of questions coming in let me just go to them so the TLT the TLT bonds down a dollar at 140.72 so far nothing too much has changed and what happens is in the yields oh I can do this because I had to restart some more freshness going there in the yields what we're looking at for the first time is that there is some indication that an attempt is being made by the bonds to form some kind of a base so that the yields can bump into resistance and you can see 30.18 that's already history the high already on the Y which is the TYX so far this week is 32.77 3.277 oh my goodness that's a big move to you not for those of us who remember 18 interest rates that but in the meantime that is the high and this is a leg E and this is the way exactly a leg E going just above the left side high which is this whole series of highs right here 34.55 was a high the week of the second is a weekly chart of the three yields the white is the TYX the 30 year the ground is the TNX and the cyan is the five year so we're above we're now in between that one from November of 2018 and the high that was made the first week of March of 2019 that was 18 so this is 19 and 21.29 if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning I publish the gold report with coverage of gold silver bonds the XAU HUI GDX as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today tfnn has just launched their new trading room the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the tiger's den available to all tigers and tiger's for just one dollar for the year there's no catch or added costs when you join our community of traders in the tiger's den you can look over the shoulders of tom o brian and the other tfnn and hosts while they analyze charts during their live tiger tv programs and join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com tfnn is excited about our new software charting program the art of timing the trade chart in collaboration with tom o brian 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 charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleys abc's butterflies and much more the art of timing the trade charts 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 seventy nine dollars a month we are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade 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 everyone want to stay on this page just want to show you the rectangle formation and the wood ice yes dribble tip and frosty yeah going towards the bottom of the range is trading at 86 right now it made an all-time out of 98.98 and the key support level is at about 84 maybe just a tad under but around about 84 83 to 84 and it is trading at 86 right now 86.09 and the hgx which is a Philadelphia housing index underneath this rectangle trading range made of one arch and the second arch like a really large lopsided m formation or a failed cup formation and now it's trading at 390 it is up 58 cents on the day so this is telling me that there's a really good chance that yields on the shorter term maybe it's sideways it doesn't say it's a major top it doesn't say it's a major sell signal it just says if the high of 3277 or 3157 for the tyx and 30 year t-bond yield has a pullback it could pull back to maybe the 27s 28 to 27 area 2.8 2.7 area and they maybe go higher we'll see but that's I'm just wanting to show you this chart just to say that there are signs enough signs not all the way around just to suggest there may be some of the inflationary aspect the market can start to respect that some of the inflationary aspects are not there now I can't say that if I'm talking about crude oil up five bucks at 104.73 a guy who's doing some work for me said that he's he got this eight months ago you got this Mercedes van and he especially chose diesel because diesel was lower than lower than the petroleum products and gas and he's telling me a couple of days ago he says I can't believe it I I don't even fill up my truck anymore it's just it's just too expensive because I'm using diesel either does anybody out there know I should have looked it up yes anybody out there can do you know what the diesel I don't ever I've never looked up this is the diesel futures I even know what the symbol is so just anyone if you had any point if you get a chance I guess I could put it in here symbol for diesel futures that's no that's heating oil that's not diesel I get a show I don't know what it is um six dollars a gallon futures oh my god uh wow and of course in europe a lot of people drive diesel cars okay so vindiesel yeah heating oil I can do look ho of course I haven't got it updated this is the one that I think I did last night did spend some time on because I'd really lost it once and let me see if I've got it was it just a naked naked chart no no there it is oh no this is the old chart and I redid it so this is going to a pd heating oil acting quite well today um I remember this is a brand new a yeah let me just do this look there's a new all these letters you see because it gets smoothed out this is the continuous contract so it always gets smoothed out so I always have to change where the letters are not the letters themselves just where they are because they always that's why when I have a stock split you can see that um so this is a plus sign on that d and heating oil healthy look the nine over the 14 is still very very strong that means that they're still and this is folks I don't ever tell anybody this I'll break it to you very gently this is the spring and in some cases it's already the summer and heating oil is up at 4.04 4.04 it was back in March at 1.95 I can't believe this I have to see this again it was at 1.95 on the 15th of March the low and the high just on the 2nd of May was 4.27 you know these prices I this is something we I remember somebody in fact somebody sent me a note that I wasn't going to mention it because it sounds like it was a political statement but it absolutely wasn't you remember over a year ago about a year and a half ago I said uh oh Jimmy Carter Redux get your sweaters ready um and I suppose it was a political statement but it's just that I was looking at everything I was looking at oil I was looking at a bunch of things and I said oh no do I have to live through that Jimmy Carter period again I yeah yeah that was not pleasant um I'm not doing about him as a president I'm doing about the period of Jimmy Carter um wow um whoa that'll be tough so we'll see and meantime back at the ranch uh what we are looking at here is the Dow's giving back a little bit it's down up to 35 as it means up 22 this is a this is a shake and bake moment it's a it's a period where there are enough there are enough signs of an overbought oversold situation an overbought situation in the VIX index let me just go to the VIX but it still says I do not want to put a huge amount of money to work here I just want to I want to see I want to use a sieve to see which which stocks on the upside can break through barriers and show me over the next week and a half if there is a rally where the strength is is a Microsoft fantastic company well I just want to mention the VIX index is down $1.50 a 31.48 it's ignoring any market weakness so far we'll see if that can stay through the day look Microsoft should have had a much better balance it's a great company but maybe this is what I was talking about yesterday when I said I think that the roll over and the reason why I don't think the question was have we made the low or is this going to be a really serious low and my answer is no I think it's a series of lows it's an earthquake and a number of after effects the the tremors and because of it you'll have select moves to the upside and unless I can pick a particular stock that I really think is absolutely fantastic I have one on my list that I'm going to start we're already long I'm going to start adding adding to it yes JB I remember 1970s very well I also remember it as a fantastic trading period the the latter part of the of the 70s when I got back to trading and Grandville was around and I that's where I developed a lot of my indicators because I used to get buy signals and then suddenly I read that Grandville got a buy signal and then I get a sell signal I'm usually I've got sell signals because I had done real well and then all of a sudden I was getting in and out and in and out and giving back huge gains and the market was getting nowhere and I said oh I'm out of here and I'd wait for the next signal and then I noticed how it corresponded to Joe Grandville remember Joe Grandville 1970s I know people make fun of him he was fantastic comes the 80s something just I don't know what happened to him but it was just terrible but anyway that was for me the star between him I think it was Stan Weinstein oh it was what he said where's the book right there the day trader was it the day trader oh let me see if I can look to the side here oh this is a oh Jake Bernstein another one Jake Bernstein I used his book that's where I really started using these MACDs and stochastic I don't remember if those are the ones that you use but I remember that's when I started using those that and that's like about 30 some girls up 350 now and I like that I'll be back in a moment buzzer chap I'm talking about trying to hammer out a bottom and I'm gonna just run through stock they got a homeless so yep yep sorry are you in the market for buying or selling real estate in the bay area including the surrounding st. Petersburg Tampa and clear water markets tiger real estate LLC is a firm that has extensive experience in the Tampa Bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property tiger realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call tiger real estate LLC today at<PHONE_NUMBER> or email us at tiger at TFNN.com that's<PHONE_NUMBER> call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at TFNN.com for only $37.50 sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk-free today with our 30-day money back guarantee TFNN educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear ETFs visit direction investments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at<PHONE_NUMBER> the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC don't forget you can listen to TFNN live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv dance tfnn.com then hit watch tiger tv you know what today's Wednesday maybe tomorrow i'll have a little fun we'll do this live now we're talking about live you've got um ladies' event coming up tuesday it should be a phenomenal program a phenomenal all-day webinar just check it out front page of TFNN you know how good Larry is and you know how great he is when it comes to these one-day seminars and i just i recommend if you are serious about about using learning and using your techniques live and watching it done live and following it live and learning nothing could be better here we go we're looking at okay i got questions here let me go um we've got apple question about apple what do i do about my long-term buy and hold in apple what you didn't tell me where you got in all i can say is if it's a long-term buy and hold i don't see apple has revenue coming in um oh and we have a caller we're not not only do we have revenue coming in but we have a call we got mike in cresco Pennsylvania hi mike how are you do i have mike hello yes yes hi mike how are you hello hello you're you're on what would you like to look at basso i got a small position i picked up this morning in s s o what are your thoughts on that i have a resistance area that i'm looking at at around $53.33 what what this is going to be just a short-term trade with a tight stop so under the conditions that we're looking at right now i do not at all want to change your thinking because you stated very clearly what your objectives are so because this is the s and p pro shares ultra s and p 500 you're looking at a multiple of just the s and p and the spy itself so let me just show you a couple of things here i think oh i probably lost it now i've got the data i've got the spy itself do you mind if just for the moment i go to the spy because it'll be obviously applicable to you okay so in the spy the way the three now i got a double check was that the exact low uh three that 394 82 yes was the low yesterday today's self was so intense and yet it did not take out that low so because you and i in the same position with a multiple uh you've got the s s o to subscribers we've got something in one of the indices there's also this is a three times long we're in the same position so the first thing that we've got to look at is i'm using the spy as an example the sqq has exactly the same pattern let me check it out sometimes it's slightly different but this should be exactly the same why is that it's sq um no come on what did i just do so s sq why is sqq is at sq s sq why am i not writing it correctly it's not coming up uh let me get that question again uh s s o where did i get a cue from s s o okay you know it's one of those days i've already had a shutdown or lost data and i got back in time and then i managed to get an update for my subscribers it's just be one of those days so the ssq is oh it's slightly different my eye picks it up is slightly different yeah slightly different because the angle of today's low is just a different different to the to the um spot right so what i'm looking at here is what you want to see first of all you have a stop in on your s s o at this particular point um i'm just i'm just trailing in i can't tell you exactly where i have it at at this point okay but you have a stop in mind and you're using it as a training that's all i want to know that's number one number two is what i really would like to see so now let me do all i want is the kickoff today if we get a really good kickoff and a decent close a decent close for the s s o at 51 70 right now would be anything above 51 62 higher preferably more short covering uh comes in and the shorts don't have the power to push it down very much and you go above one penny above yesterday's higher 52.41 starts gray leg a that's what you really want to see i've got a lovely v shape in the on balance volume the stochastics at 8.72 hopeless it just needs to cross it move up the mag d is is not great so you need price to lead it okay so this is what i'd be looking at in fact i'll use the ssq right now because that's what we're looking at together the high that was made yesterday in the 120-minute chart of course is the same numbers at 52 41 that's still quite a way to go on the upside so what i would say to you is i don't want to interfere with your trading short the only thing i'm going to suggest is if you have enough of a position if it hits your target on the upside and for me the big test will be the gap uh 1130 uh open where the high was 52 57 and the lowest 53 17 if by Friday without pulling back sharply we've actually managed to fold that gap in the 120-minute chart there was the gap the ninth then i'm going to suggest to you in your mind you might not want to do this but in your mind you want to say you know what i've got a trading stop hopefully it's held and i'm going to take something off because that's what my goal was this is this is just a suggestion i don't want to say you have to do i'm just saying this is the way i would think about it why because if by thursday afternoon going into friday there's actually been a strong move to the upside that's being able to hold most of each session that's just going to change the minds of a lot of people to say i better start covering all those shorts and they must be i mean when i look at the put call ratio i haven't seen it lately but it was getting very very heavy on the put side i suspect that you've got a rally that 53 68 is the nine-period moving average the pink nine-period moving average on the sso i don't want to get carried away i'm just saying if we do get this kind of a rally and the tentacles are going to take much more to improve i would take off my goal but i keep something on the side saying you know what if it goes higher i'd rather have a trading stop on the leftover that just locks in at least a pretty decent profit on that leftover section and keep you in the trade because your mind will be clear you'll be able to know whether you want to add to it by thursday afternoon friday by friday morning we might be looking at the sso back at 50 but i'm just saying there's enough there's just enough evidence right now for me to say a very over sole condition can become more than just a bounce it could actually become a trade into next week and that's all i'm saying to you so don't don't change your goals i'm just saying maybe if you do hit that goal you can keep some of your position and then call me again where would you where would you think would be a good place to have the stop because i'll tell you what i'll admit i'm not i'm not very good at where i place my stops a lot of times because a lot of times it gets hit and then it takes off higher so if you're looking at it like on a 30 minute chart okay where would you where would you want to keep the stop at so you see how it's pulling back from this is actually a peak in that one minute chart in the e-mini it's pulling back but it's gone to a leg b and that tells me and stochastic and the e-mini is the 10 minute chart is still at 86 that's good mac d is good so let's take you and grab a 30 minute chart if i can find one right here um 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 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 at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basil Chapman and your inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors with market volatility roaring back in april larry pesevento has just announced a five-hour live trading webinar coming up on may 17 larry pesevento is a 56-year trading veteran it has mastered his trading skills through many different market fluctuations join larry on may 17th as he hosts a live five-hour trading webinar from 9 a.m to 2 p.m eastern time giving you insight into how he analyzes the market and decides his plays larry will delve deep into the abcd trading pattern explaining how to structure your trading day the time's most likely to generate signals which signals to ignore and how to use the pattern to mitigate risk in this all-day five hour live trading webinar take a seat by larry side as he trades the market's real time including the dow and s and p 500 e mini crude oil natural gas gold treasury bonds wheat and soybeans the euro dollar pound dollar dollar yen and more if you've ever wanted to get inside the mind of a market master you cannot miss this live trading webinar to sign up today just visit the front page of 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 dot com hi folks we're back i didn't realize that my the commercial didn't come through until i my engineer reminded me that i was in a break sorry um so what we're looking at here is the there was a sharp pullback to the 41 11 level so what i'm going to suggest to you is um you've already had a gain in this and now you might be like break even is that correct okay i bought at $50 and 50 cents oh my god now is that $50 and 70 cents you think that's good or you think that's fabulous you know i was i was getting that you're within within pennies of what i was going to say to you and not knowing where you got in just looking at the chart because it held 51 11 the 200 period moving average in the one minute chart on the s s o if it pulls back further now it's really going to test the 51 this is exactly the moment where the shores have to say ha got you again and then the bulls come in and you have to move higher this is really important so you you got in beautifully and you've had a pretty decent rally all the way to the you know in the 51 90 area now you want to see you move up right now so this is what i'm saying to you stay with your stops you have to now take out today's high of 50 50 190 as soon as it does that start implementing a higher short a higher stop and that and you can move it up 50 cents or say you feel comfortable with the stop just continue if you get taken out you can always do it again but you don't want to lose money now right now you're making money staying that making money position so that's i keep that same stop move it up about 50 cents or so if it can get to 51 92 and i would do that i i'd use the same increments on the way up if you can get there if you're still staying in along i at the close today then i would you know what if at the close today closes near the high why don't you take a little bit off because anything can happen overnight absolutely okay hey thank you very much for calling i appreciate that and we'll we'll find out tomorrow how this one went thank you very much bye mike let me know uh folks uh we're gonna wrap it up now i didn't get all those stocks out tomorrow