The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now, toll free at 1-877-927-6648 or internationally at<PHONE_NUMBER>. Now, Larry Pezzavento. Okay, looking good, Billy Ray, feeling good, Lewis. The first chart today comes from our good friend Jeff over there in New Jersey. It does a lot of great work. I love the black background, that part I don't like. But it doesn't make any difference. It works great for Jeff. But he has a beautiful 135 pattern here in the Dow Jones Industrial Average. And the fact that that right side took it out by just a little bit and then gave it back is actually a good sign. That was known as a Bryce Gilmore key reversal. So we're going to be looking. By the way, our guest today is going to be Paula Webb Douglas. And we're going to be talking about some things. And I've got a big surprise for Paula Webb Douglas. One of my things on my bucket list is coming true. So stay with us for when Paula T gets on the air here in a half an hour. You'll notice here that the price objectives of these ABCDs measure down into the area that we were looking at much lower. If that is a case very similar to what Jeff Hughes talked about. And also the fact that maybe just maybe there may be some type of correction. Now I wanted to share with you some statistics from the Bank of America. And it's regarding the Federal Reserve. Let me blow it up here so we can see it right here. Basically what this is saying is that every time that the member of the Federal Reserve is not your friend, folks, I hope you realize that the stuff that they talk about may or may not be true. But you'll notice here every time the Fed pivoted and I was I've been involved with every one of these because I've been trading for so long. And I can remember 1970. And I can't remember all of them. The member of Volcker and Burns Greenspan Bernanke and Yellen and now Mr. Powell and Alan. What was Alan guys? What was his name? The one before Mr. Volcker. Anyway, he was under Carter. Anyway, you'll notice every time that they pivoted, there was a big correction in the market. In other words, rates stopped going up. And when they pivoted, that's when the correction came. Now remember, folks, you're looking at one, two, three, four, five, six, seven samples. Not good. You get a hundred samples. That's good. But this happens to be just only seven samples. The reason why is they don't pivot very long. And Powell does what he says he's going to do. He says it's going to be data dependent. Wow. Let's get to the pedal meeting the metal folks. They've told us that everything is okay in the banking index and oh my goodness. Let's just take a look at this and see if, in fact, things are really like they say it is. Now this is, we owe a whole debt of gratitude folks to our good friend Jim Bartolioni of Bartch charts. If you see right up here, he sent us a special thing saying, hey, this is the moment of truth. He's putting down. He remember he had a beautiful chart. So the three, eight, two in the long-term weeklies. He had the ABCD structures built into that. And you can see we've had to move down. Now look at the action here over the past few days when we've had these banks being taken over. Folks, there are, there are, there are 50 index banks in this index. 50 of them. Every single one is read today. Some of them read big time down 7, 8, 10%. There's something wrong in the regional banking index. It could be commercial paper. I don't know what it is, but when you see a chart like this and we've seen them before, it's telling you something. Remember folks, they can lie to you. They can give you misinformation. They can cheat you. They can lock you in a closet. They can put you in a trunk of the car. But the one thing they can't do folks is hide from you. If prices are going down, guess what? There's more sellers. If prices are going up, there's more buyers. Try to remember that. Look at some of these stocks and some of these regional banks. They're getting absolute creamed. And speaking of being creamed, let's take a look at none other than the crude oil market. We're going to get this up here and show you right here. And we will have Mike Moore of Moore Analytics will be our guest who has been saying as he was on the show Monday when it was trading at 83. You can see here we've been just dropping, well it was trading at 78. But you can see here it's just been, no it was 83. But you can see here we've been dropping and dropping. We didn't stop at the 61% retracement. We didn't stop at the 78% retracement. Both of those were very small losses. But after the market closed, we dropped $4 a barrel. Do you see that right there folks? That's a $4 that we took out the lows right here. So they know where those stops were. So somebody picked it up really cheap didn't it? Now guess what happened after we hit $64 a barrel. Hello. We have a big, big rally. And since we talk about things on this show that we like to prove that sometimes they work, sometimes they don't work. But here is an updated version of what happened to that chart with the crude oil. And what we're going to do now is to bring it up so you'll be able to see it in live motion. There was the big move down. Look at this. Do you think how many people, what happened there? It smells a little fishy. But it was real trading folks. Look at the low today folks. It was an exact 382 from the low to the high to there is a 382. And we've rallied already $2,000 or $2 a barrel today off of that 230 and 382 retracement. Now we know that the 382 retracement doesn't work all the time. But folks, it works some of the time. And boy, that's what really counts. When you've got that in your quiver, you can take all your arrows out and get ready to shoot for that one. Because that's a really, really great one to be trading when you get it. And it was actually, it missed it by 12 pips, which was $100 but close enough for government work. Anyway, that's something that we're paying very, very close attention to right now. The other thing that I, there's two or three really big things happening today that we talked about yesterday. And I want to get to those. But one of the main things today is I want you to see this is that we just got this from our good friend Chuck G came back from his trip to the Amazon. And I want to show you the chart that he sent us on the SPY today because this was a very, very important pattern here in the SPY. We went down exactly, to guess what folks, A, B, C, D. And that's where it stopped and we've had a pretty good rally. We've rallied about 30 handles off the bottom and about 200 down points. So that tells you that there's some type of a little bottom in here. Now remember, prices can go up and prices can go down. It depends on when you're looking at them and what you're trying to do when you see them. That's the main thing that we're watching right here. Now we've got a break coming up in just a moment. And when we come back, one of the most important charts I've looked at in a long time is going to be on the air. We'll be right back.<PHONE_NUMBER>. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, Forex, stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence Forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive. He just hosted Forex Strategies and Fundamentals What is Behind the Tiger Forex report. For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. And he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN Educating Investors. 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 market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared 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. Free at 1-877-927-6648 internationally at<PHONE_NUMBER>. Okay, we're back, folks. I'm bringing up a chart that is very, very important from a technical standpoint because it's follow the money time. And we know that from Bernstein and Woodward. That is very, very important. This is the Euro, you'll notice here. This is a four-hour chart going back quite a ways. And last five or six weeks, but you can see the ABCD patterns that are up here and the fact that the market has made, it looks like a potential for a triple top up in this area. Now, what was extremely important to us was the fact that we had this beautiful ABCD coming in right at the 382. And I mentioned this is where this market should absolutely explode to the upside, much like we saw in wheat, much like we saw in the S&P last Wednesday on the 26th when we hit 4074. And we ran 100 handles in one day. That's what that should have done. But that's not what happened. Let's try to see why. All we're going to do now is we're going to take a look at this chart and we're going to bring up the long-term weekly chart of the Euro. And as we bring this up here, you'll be able to see this goes back very, very long time. Get it up here and be able to see it. Here we are. Okay. Now, you can see the trades that were through here. There was a 382 retracement and then we have the big... Now, this is nothing more than a large ABCD to the downside. You can see you have another ABCD to the downside. That happens to be a perfect three-drive to a bottom pattern. If you measure the weeks from the B leg down to the C leg and the C leg down to the D leg, they're equal. And there you became quite bullish here at 96. And now where we are is we're right here. We've hit it three times now, folks. And today it looked like it was going to blast through there like you wouldn't believe. And it hit that solid wall and just broke badly. And now we're almost below that 382 retracement that we looked at just the other day. Now, it may or may not happen, but that's what you're looking at. If we ever get above this level, which is 111, that tells us that there is a longer ABCD. There again, there's your magical 382 retracement right here courtesy of Tom Hougard. And when you see that, that means you're running away. But boy, if you don't run away, that's when you're moving. See, we've taken out the lows here in the last day or so. In fact, today is what happened. And so that's what we're paying attention to as we look at some of these charts here today. But that's a very, very important. But right now it has a lead of about 80 points, which is a good way to start. But not all the time does that happen.  We're going to go over to look at our old friend, the German Dax, the favorite trading vehicle of Trader Tom. And if we get this up here, you're going to be seeing a market that looks so different than ours, that it's unbelievable. We had an ABCD, there's your 61% retracement, another ABCD, all of them measure up into this area. And as you can see, it started down at least from the very beginning. And the way we try to check on that is if we'll go down to a smaller timeframe, which happens to be a four minute, and you're going to see you're not going to believe this, folks, but it says AB equals CD. I had such a hard time describing these patterns to the folks over in Las Vegas that it just, they seem to be wanting to grasp it, but no cigar. Anyway, here's what's happened. You have a perfect ABCD and then you have a nice, strong rally back in again. Now, this means we can go all the way back up into this area, but look at, look how perfect it is. Folks, you see this diagram here, these triangles that are like this. When I did my charts for commodity perspective on Saturday and then I would get, you know, put my old charts away and my daughters would take out their little plastic scissors and they would cut these out just like this. They would cut this out and they would color this one in green and this one in blue and then they would put it on the refrigerator to remind me of what daddy's work was and what daddy did for a living and stuff like that. And speaking of that, this is a funny story. My kids are in the fourth, first grade and second grade there at West Lake Village and they have parents night. And so I go into parents night with the, with the missus and the kids are there playing around and stuff. And the principal of the school comes up and she says, Larry, she says, would you mind coming into the office? And so I go into the office and I said, what's wrong, Edith? And she said, oh, nothing's wrong. She said, we have show and tell and Jill was in for show and tell. And she said something that we really are worried about it. And I said, what's that? She said, well, she says, my daddy goes into his own room and it has a sign on it says, do not open this door under any circumstances. And she said he has nothing in there but a, but a TV, but the TV only has numbers on it. And then he takes us to school and then he goes to the racetrack and plays the horses with his friends. And I said, well, it's not quite that bad. And she said, are you a bookmaker? And I said, no, I said, I'm a broker for Drexel Burnham Lambert. And that's my Reuters machine. So that's how my kids interpreted what my lifestyle was. And it wasn't too bad actually. But anyway, I was thinking about that this morning when I was chatting with Paula. She reminded me of that story, but that's what happened. I was the bookmaker of the old area. So anyway, that's what we're watching here. Now let's take a quick look here at the footsie that's coming up also. Now the footsie is a lot different because you'll see it's in a longer term downtrend as it should be because they're in a strike over there. All the medical facilities, the hospitals and doctors and nurses, you die. You're in trouble. There's nothing you can do about it. You get really sick. They're not going to even pick you up. This is a classical three drive to a bottom. You can see drive one, drive two, drive three, plus you have another ABCD on top of it. So you have a double pattern in here. And you've already started to see the rally that's occurring here in the footsie here so far today. So those are the kinds of things that we're watching as we follow these things through the day. By the way, folks, please send some great white light to my good friend, Dr. Steve Shapiro. Mother Nature is knocking on his door, folks, and I'm afraid it's getting time. So please say some wonderful prayers for him. He's a great guy, always had my back. I've known him for 43 years and one of the finest men I've ever met. He was a schoolteacher at Drexel, Cal Poly, San Luis Obispo, UCLA and also Drexel University in Philadelphia where he graduated. Anyway, we're going to take a break here because we have Paul at T Douglas. We'll be coming up in just a minute. Tomorrow we're going to have Mike Moore of Moore Analytics. He was telling us about this coming break that we've had here in the crude oil all week long. And I know some of the folks were able to take a really good advantage of it. Those were my only two losses yesterday when I nibbled at it. Very small losses, which was okay. I did make some on a short side, but made up for the losses, but that's neither here nor there. Hey, we're going to take a break. We'll be right back.<PHONE_NUMBER>. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. Better in 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. 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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. Give it back, folks, and I believe we have Paula T. on the line. Paula, how are you doing? Good. Where are you? I can't see you. You can see me though, right? Wait a minute. I should be here just a second. Oh, you know what I did? Yeah, here I am. Hello. Everybody else can see me. I think I've got my video on. Anyway, I don't know why. Not to worry about it. We can see you. That's important. Okay. Well, it's probably on my end, so no problem. Anyway, good morning, everybody. Good morning, good morning. Because, you know, you were so instrumental in doing all the work with Mark, as I know you corrected it. Well, corrected every T dotted every I and proof read it a thousand times over. But the main thing that people seem to ask me in trading is they have a hard time shaking off a loss. Do you have anything that would help them to say, you know, just forget about it and move on to the next one? I mean, what would you tell somebody like that, PT? Well, a lot of reasons that traders have problem letting go of a loss is because they were invested in that trade being a winner. And they wanted to be right. And so when the trade didn't work out, for whatever reason, and it could just be market movement, not anything they necessarily did wrong, but they wanted it to be right.  When in reality that may not even be the case. So that's kind of the dynamic that traders have to look at. I mean, you have to ask yourself as traders, why do I feel that a losing trade means there's something wrong with me? If I followed all my rules and if I did everything correctly. Now, if you didn't follow your rules and you didn't do everything correctly, well, that's a whole different ballgame. And we can talk about that at length. Give me a call. But if you've done right, you have to understand that it's just market movement. You will have losing trades. But the main key ingredient is if you can't let go of a losing trade, that means you don't believe there's always opportunity in the market. That's the bottom line. If you truly believe there's always opportunity, which there is, then you wouldn't care. Like you just said, Larry, like just let it go. Move on to the next trade. Yeah, that's exactly right. I remember that Mark sitting there in the office here. I'll tell you, those are the most enjoyable six years I had during the 90s is when you guys moved here on August the 16th of 1996. When we had that giant storm and a tree broken in the front, my friend had the largest tree in the whole subdivision. It split in half and went into my master bathroom. And it was raining so hard, all the electricity was out because we were in the monsoon season. My house filled up with water that happened to be the same day that elbows passed away.  And so I hear this thundering lightning thing in the sea. I heard the tree crack and I saw it go right in just like a spear going into the house. And so I didn't get to go back in the house for about three and a half weeks where they redid everything. And Paula T, I'm going to change the subject here. I'm going to make you an offer that you can't refuse right out of the Godfather. My favorite movie. One of my favorites. Well, no Paula T, come on now. One of my favorite. I expect you to die. Goldfinger is our favorite. Here's what you remember in January of 1999 with crude oil setting at $11 a barrel. We had a seminar here in our subdivision because we've got this beautiful recreational center that no one ever uses. And it's just perfect for a small seminar. We had about 20 traders from the Phoenix and Scottsdale and Tucson area. If you remember Paula T, I think we think we had about 20 or 25 folks and we put on a two day live trading seminar. And it was really great. And guess what Paula T? I talked to two very, very famous traders today that really want to do that again. Rich Anderson and John Cheveny, Mr. Z. And they said, tell us, they tell us when this show up and we'll be there. So we're going to do it this fall. I don't know when, but I'm going to do it a special way on my bucket list. I've only got a couple of things that I have left on my bucket list. One is to see a big whole spread about astrology on CNBC or Bloomberg. That's one thing. And the second thing, of course, is being able to play shortstop for the Yankees. But that's still possibly valuable. But the main thing that we're going to do is we're going to have a $50,000 trading account. And we're going to trade live for two days. And what we're going to do is 50% of the profits that we make, if we make any profits, and I think we can, we're going to split that among the people that attended. It's going to be by invitation only.  We don't know yet, but I've got everything set up. All I got to do now is pick out the place we're going to do it, pick out the dates, make sure everybody wants to show up and then we're going to do it. I've always wanted to do that. And as you know, I used to do it years ago when I was trading, students would come in and I would make a guarantee that if we didn't make money that day, they'd get their money back. And I only had that happen a couple of times over the years. We did that with Mark. I don't remember how many times, but it was a lot of work, but it was a lot of fun too. It sure was. I remember the hockey players with Jack Hughes and Calhann and Steve. I can't remember Steve. Jack Hughes too. And we were in Chicago and we traded profitably four of the five days and we had to be profitable every day. And we were the fifth day Friday. We were going to go to Rodini's for lunch like we always did. And we were about even, we were about a hundred bucks. And I had a position on in the S&P and that's when they brought out the money supply. I think it was 115 or something like that. And we got really lucky on that money supply, but we were at Rodini's when it happened. And I had an order in and I went back to the, we didn't have cell phones. I went back to the pay phone to see if we got filled in the market. We were short and the market dropped about five points, which at that time five points was $2,500. And that put us way over the limit for Friday. And I walked out of the restroom where the telephone was and Mark looked at me and he waved and he smiled. And I nodded and he knew what had happened. And later on we told the folks what had happened about it. It was really fun. Okay, one other question that we have here. If a person is continually losing every single day, I told him what to do, but what would you tell him to do? Stop trading. Good question. Yeah, I find out what you're doing. First and foremost, stop trading and reassess what is it your system? Is it your setup? Is it your platform you can't use effectively? Is your analysis good, bad and different? There's a lot of guys that lose continually because they'll look at a five minute a three minute, a 15 minute, a 30 minute, a two hour chart. You have numerous timeframe charts and that alone can bollocks everything up. So you just have to stop and ask yourself what's going on and be willing to hear the answer. Okay, Paula T, we're going to have you on again, same time in one hour. At 2.30, New York time, we're going to have you on again, okay? Okay. We'll be right back folks. Paula T, Douglas Webb, she'll be right back with us 45 minutes. Stay tuned folks, more to come. 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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 market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared 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. Biotech is booming, but for how long? 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Okay folks, we're going to cover a couple other charts that I think that we need to cover. First of all we're going to take a look at this gold market and I wanted to show you what happened yesterday because it was a classic short-term trading phenomenon that was following it very closely. There was the number that we were looking for of course right at the Fed time. That was that number at 2045 and we went all the way down. We dropped $17 down to this level which is one half of the harmonic number. And then once we went above, the fact is I was looking at this small ABCD here. I booked about 13 bucks or so. And then on the way back I sold it here to 382 and we kept bouncing around. And then later on I decided to keep my stop right above here and I did. And then I had to leave. And of course that was after the Fed chairman had been speaking. So it was after the show finished at 2 o'clock. And son of a gun, actually that was at the 3 o'clock show. And you can see that this thing just exploded to the upside. It went all the way up and hit 2044 right on the close. And then right after the close the market opened at 2081. It jumped another $26 an ounce to get up to 2081. And then from 2081 it went all the way down to 2028 last night which was a 61% retracement of that previous move. And now we've got all the way back to 2060. We're trading at 2050 right now. So it's going to be very interesting. The interesting part is that the silver which should have been, you know, running along with the gold really hasn't done that. So a lot of things are happening. And I really truly believe that it's based on what is going on right now as we speak in this chart right here which is the chart of the Euro versus the US dollar. And that's why it's so very, very important. Because this is where the money flows. If we get above this level right here folks, it is flat out bullish. Now right now we've hit it three times in the last three days almost to the exact tick. And each time we've dropped about 80 pips off that. That's what's happened so far in that. I haven't checked it in the last 30 minutes or so. But let's see it's still moving down a little bit. Let's see where we are. Yeah, we're making a 382 retracement is all that it's doing right now. That's all that it's happening. So I hope that that gives you an idea of what we're paying very, very close attention to. The other one that we've watched of course is we hit a very high number. Well, not a high number, but let me show you relationships now that help on a longer term timeframe because someone asked me to do this in the wheat market and so I'm going to. And I wanted to bring this up to show you just one second here and we'll get it up here. See now wheat has been bearish that's for sure. You could see we had a big ABCD. Let's get the chart up Larry so everybody can see it and you're not just talking to yourself. And we'll get up here to take a look at it. And it is right here who I've got it figured out now.  I'm going to be dangerous so pay attention. Here is the wheat chart. This is a daily you'll see the big ABCD down here that we were looking at. And there's where we got her right here and we had this move up. Now today we hit a 382 retracement of the high that was right back here. That was up 53 cents from the bottom $2,500. Look at this move right here folks from this low to this high. How much do you think that was? 50 cents. So what do you think that the harmonic number is in wheat? It's 25 cents and 50 cents. So we should start to back off. We want to be watching that for a back off now because this could be a major bottom especially coming in here in May. This is a time when the seasonal bottoms usually occur in beans corn and wheat. And let's pay attention to that because we want to be a buyer of the wheat. If you're not, if you're still long, that's great. If not, we're waiting for a little pullback so that we'll be able to see if we can get a pullback here in the wheat. Same thing in the corn and in the beans. We're looking at the same type, the same type of pattern that we've been following for quite some time. I need to bring this up one more time. This is that I've had three requests on it and then we'll do natural gas here also. But here is the chart about that seasonal that was done by Carson Research. I don't know who they are, but it was sent to me by Rich Anderson and I respect everything that he does. But you'll notice here, this is the last 11 years, 10 of the last 11 years, sell in May and go away has not worked because if you sold in May, the tops weren't coming in until October and October is the most negative month of the trading year. So just pay attention folks. First of all, if you've only got 11 samples, that's not a good sign folks. That is not a good sign. You want something that makes it a little bit better and that's why you want to be looking at that. So let's keep that in mind as we look at some of these things here this morning. And the next one requested was the Dow Jones transportation and had these. This is two days late, but it really didn't go anywhere. The Dow Jones transportation didn't go anywhere. That's the main thing. And the other one that I think is so very, very important and that is the fact that you've got this banking into folks. You do not have to be a rocket scientist. You don't have to go to MIT. You don't have to go to Indiana State or Indiana University, Northwestern Purdue. It doesn't make any difference. Look at this. Something is wrong in the regional banking index for God's sake. You want to pick a bottom down here? Be my guest. But something's wrong. You've got 50 of them and all of them are down today. So maybe this is the bottom of all bottoms and I will say solitude, namatasi, whatever it's going to be. But I'm not interested in anything down here where this thing is falling like a rock. It just doesn't look that good. Something is not right. And that's why I bring this to your attention. I hope that you pay attention to it. It's not how much money you make, folks. It's how much money you don't lose. And look at some of these people that held this stuff as it was falling out of bed with these gaps and all these stuff. And there's, I think there's 50 of them in that index, that KRE index that Jim Barnley only alerted us to. So I think it's an important thing to remember as we're looking at these things here today. We will be able to understand how some of them are moving as we continue looking at what we're doing here. We got just a short period of time, but we've got a whole minute. And let's get the old natural gas up here and see if we've ever gotten any. Hold on one second here. This will be fun. If we've ever gotten any of our support. I haven't looked at it because I'm following social and social media. I haven't looked at it because I'm following so many things that it makes a little bit difficult to see. Oh, we're getting close. We're getting close. Pay attention, Steve. Over and used to Austin. Let's take a look here. There is, we got it ready to go because we are now, oh, we're really getting close now. Let me get this put into the file and then we're going to get it up and we'll be talking about this. When we get back from the break, I'm full of it. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options Report today with a 30-day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, go to www.tfnn.com. 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 www.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 in stock prices.  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 for the days of signing up. www.tfnn.com. 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 24-7 newsletter at www.tfnn.com. When you subscribe, you'll get a weekly report that 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. That's all for today. www.tfnn.com. Educating investors. TfNN has launched 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. The Tiger's Den available to all tigers and tigers for just $1 for the year. There's no catch or added costs to become a part of this educational community of traders. Just visit the front page of TfNN.com. Don't forget, you can listen to TfNN live on your mobile device 24 hours per day. Go to TfNN.com and hit watch Tiger TV. That's TfNN.com and hit watch Tiger TV. This is for our good friend Steve down in Austin, Texas. Steve, get ready to take a look at the 78% level. The good part about this, Steve, is it's coming down very, very quietly. What we'll do tomorrow is we will evaluate it early in the morning and probably send a chart out to see if there's any corresponding ABCD patterns that line up with the Fib points and that's what we want to be looking for. Because then you have multiple confirmations and just a simple pullback at 78% and that's the key to what we're watching here on some of these markets today. So we'll be watching natural gas very, very closely tomorrow, folks. Remember, we just had a trade-off. We had a trade-off. We had a trade-off. We had a trade-off. We had a trade-off. We had a trade-off. We had a trade-off. We had a trade-off. We had a trade-off. So we'll be seeing a tremendous break, almost $20 a barrel over the last several weeks here in the crude oil. This is in the face of the Saudis dropping their production now. If they're dropping production, can't sell what they have. Something's not right. Either the charts are wrong, the Saudis are wrong, or the oil is wrong, or the electric cars are wrong, I don't understand electric cars. to a house and fill it up for 45 minutes. Don't understand it. And the second thing is I don't trust a car that you can't hear. That just never made any sense to me, but that's someone who likes to hear the room when you take off in a car. So let's take a break in a few minutes here and be sure that you do something nice for your neighbors and live every day in an attitude of gratitude and may God bless and stay tuned for one hour of information on the market.


Hey everyone, Chris Danza here and I am so excited to have news for you. We are excited to announce that Dare Table, Dare Table's unofficial third annual user conference is back and this time we're not in Austin, but we're in San Francisco, May 17th and 18th and this year promises to be bigger and better than ever before. The conference is actually being held at Dare Table headquarters. Yes, we're so excited about having the conference in San Francisco because it provides each of us an amazing opportunity to meet, greet, say hello. We have three tracks again, just like last year. There's something for everyone. We have our beginner track, nothing but the base, our intermediate track and our advanced track for add-ons. Our immediate track will feature an exclusive session this year on designing the most advanced and groundbreaking interface designers. One of the highlights of the conference this year will be our world famous air table help desk where you can get your problem solved by the experts at Dare Table themselves. And we're bringing back this year and again, the wish desk where you literally can log wishes that you want Dare Table to do to make your wishes come true. Additionally, Dare Table will be having a session on the future and what's coming up in ways you can transform your business or enterprise using their tool. Last year's conference in Austin was such a huge success with over a hundred people had come. This year though, we have to limit the seating only 75 tickets will be sold this year and tickets go on sale right now. Now is your time to sign up and get your tickets for the event before they're sold out. We'll be announcing more information, speakers, keynotes and other surprises. We've got a few things up our sleeves as well as new and exciting sponsors. We can't wait to see each and every one of you in San Francisco in May and it's beautiful then. I'll see you there.


Dear ladies, dear gentlemen, at first I have to thank you, Professor Hoppe, for your kind invitation to this splendid conference at this marvelous hotel. I've been invited to speak about my book, 1939, The War That Had Many Fathers. When I was a young general staff officer, I had to develop a plan for future armored forces of the Bundeswehr beyond the 15 years time horizon. So I searched for examples of similar armament plannings before World War II worldwide. To do that, I had to read a lot of American Czech-British and French literature of the pre-war period. What I found to my surprise were many pointers and artifacts about the preparations and intentions of American, British, Polish, and French politicians of the 20s and 30s to wage war against Germany. I had never seen a reference of that in writings of German historians before. So I became curious, looked at the list of references which the authors quoted, went to the mentioned archives, and found many interesting facts which were hitherto unknown in Germany. After I had retired, I decided to write a book about it. One can put blame on oneself by causing an ingesting, by triggering an ingesting, and by committing. It is remarkable that since the end of World War II, it has only ever been discussed and described who has triggered the war, namely Germany. But that is only one part of the war guilt of World War II. It has nearly never been examined and described or else has participated in causing the war and thus shares in the war guilt. You will, for instance, discover nothing about the conduct of Poland, France, and Czechoslovakia towards Austria and Germany towards the prior 20 year period. The current and accepted historiography begins only ever when Germany commences to react and to resist. The causes of World War II that had occurred within the 20 years before are not taught in high schools and universities and thereby they are extinguished from the collective memory of the world even as far as teachers and historians are concerned. Hence only the partial guilt of triggering the war remains present in the collective memory. Thus by consigning the other part of the guilt to obscurity, namely that of causing the war, our share in the war guilt becomes our sole responsibility for the origin of World War II. By the way, the same treatment applies to Japan regarding the war in the Pacific. It is impossible for me to condense the 670 pages of my book into a 30 minutes lecture. If you want to acquaint yourself with the sources, circumstantial evidence, and proofs on which I have based myself, I request you to turn to my book, The War That Had Many Fathers. I therefore have to confine myself to state in the conclusions through which the archive material and the original documents have led me. Since the end of World War I, international law knows two conflicting principles. That is the inviolability of territories and boundaries on the one side and the right of self-determination on the other. Until the end of World War I, Great Britain, the USA, France, and Russia had waged wars without restraint to acquire more territories. Having shared the war beauty of 1918 among themselves, the colonial powers, Great Britain, USA, and France suddenly emphasized the inviolability of territories and boundaries and made it the predominant principle of international law. The second idea that had been raised to a principle of international law was the right of self-determination. From the very first, this right was mainly a lever to legitimize stripping the vanquished Germans, Austrians, and Turks of their foreign language population and territories. But the vanquished countries were deprived of much more than their foreign language territories and populations, which by itself shows that this amendment of the vanquished was the favoring motive. Thus, 20 years before World War II, a new Europe was created in which 7.8 million German-speaking Germans and Austrians were handed over to foreign states without plebiscite and against their explicit wishes. Relying on the proclaimed right of self-determination, the constituent assembly in Vienna in its first session in November 1919 had decided to merge with a newly created Republic of Germany. This was specifically prohibited by the Vienna States, so the right of self-determination was abrogated for another 7 million German-speaking citizens. Thus, after World War I, the right of self-determination had been repealed for nearly 15 million citizens of German language, just as for 14 million citizens of other nations, thereby creating an ethnic disorder which had high potential for future conflicts. Some far-sighted comments from the camp of the winners concerning the separation of millions of people from their home countries are interesting. For instance, the British Prime Minister, Lord George, he wrote, I can hardly envisage a stronger cause for a future war, or the French Marshal Foch, who shortly before had led the Allied ceasefire delegation at Compiègne, he said. That is not a peace. That is a ceasefire for 20 years. All the American former assistant secretaries of state, William Bullard, who was also a member of the U.S. delegation in Versailles, he wrote, the unjust decisions of the Versailles conference make a new international conflict sure. Here one of the causes of World War II is stated by the statesman responsible. Most probably it wouldn't have come to a new war after only 20 years if the gainers of World War I had their new and alien subjects treated as equal citizens and had peacefully integrated them. In the meltreatment by the gainer nations of their new minorities, one has to see some of the further causes of World War II. Here in particular, the Czechs and the Poles are a case in point. I continue with a British contribution to the outbreak of the war. With the peace treaty of 1919, England made its first disastrous contribution towards the likelihood that the next war would follow soon. The British government, in conjunction with the other victorious Allied powers, constructed a new variant of its balance of power politics in Europe, which was based on the intention of keeping a long-term conflict among Germany, Czechoslovakia and Poland on the boil. Especially Danzig and the so-called Polish corridor were someday to lead to new conflicts. New wars, therefore, were in sight. This was even recognized in England, France and in the United States of America. Here you see red framed the free state of Danzig and blue framed the war gains of Poland. The small blue framed link from West Prussia in the center to the Baltic Sea in the north was the new connection from the Polish mainland to the Baltic Sea, the so-called Polish corridor. Back to the comments. Churchill said on 24th November 1932, in a speech to the House of Commons, if the British government really wishes to promote peace, then it should take the initiative and reopen the eschew of Danzig and the corridor. If these matters are not resolved, there can be no hope for a lasting peace. And the U.S. President Hoover, who was in office before Hitler's time, wrote in his memoirs that he and the French Prime Minister Laval agreed during the latter state visit in the United States that Danzig should be given back to Germany and that the Polish corridor between East Prussia and Germany should be pruned back to the necessary minimum. However, England failed to eliminate the disruptive factors created in Versailles. Britain let the mammal question slide, let the Danzig and the corridor problem continue, and left the armament questions unresolved. Britain ignored the hardship of the minorities in Poland, in France, and in Czechoslovakia. She took no notice of Austria's desire for union with Germany, and she tolerated France's demand that Germany's border should remain permanently unprotected. In the Sudeten crisis, England for the first time endeavored in earnest to repair some of the damage done in Versailles. But with the annexation of Rump Czechia, Hitler then went too far. England used the situations so created to construct for Germany on the Danzig problem, an obstacle at which the letter must stop or jump. The British government offered the Polish government a guarantee against Germany, although Germany had not yet even threatened Poland, and although Poland and Germany were confederates at the time. At that time, German government was negotiating with the Polish government for the return of Danzig and the construction of an X-territorial transport link between East Prussia and the German mainland through the corridor. It offered in exchange the recognition of the Polish territorial games of 1918, and the preservation of the Polish economic and port privileges in Danzig. Poland had the opportunity to reach a negotiated agreement with Germany, but broke off negotiations after London's guarantee of March 1939. It was a tongue twister for me. It had virtually removed any reason for Warsaw to respond positively to Berlin's proposals. Poland changed sides after that. Britain's last and very direct contribution to the outbreak of the war was the double dealing with which the British government at the end strung along the German government. Thereby, the British Prime Minister, Chamberlain, gave Hitler the impression he were interested in a German-British alliance which was untrue, and that he wanted to play the fair broker between Poland and Germany. However, at the same time, Foreign Minister Halifax, that ambassador cannot in Warsaw convey the advice to the Polish government that one would only demand talks from the Poles, but no concessions. Even in relying the venue and the date of such negotiations, the British initially left the German in the Ford's belief that they had recommended the German conditions for the talks to the Poles. So, at five minutes before 12, they played for time until Hitler acted and opened the war. The British government managed cleverly to feign the role of mediator and seemingly to pursue the course of peace. Thus, it could enter into the war with a clean slate. On 3 September 1939, Great Britain declared war on Germany, well knowing that she wouldn't have the slightest chance to support Poland. France's contribution to the outbreak of the war. After the peace treaty of Versailles, France concluded no real peace with its neighbour Germany. Along with the other victors it created the already mentioned hotspots, which made the next war almost inevitable. France tried on four ways to undermine German sovereignty and its external security. Firstly, the French in breach of their disarmament obligations under the Versailles Treaty did not comply with their obligations. Secondly, the French government from 1927 to 1933 successfully blocked the Geneva disarmament negotiation and so prevented Germany from becoming again capable of self-defense. Thirdly, France took advantage of Germany's weakness and on two occasions had its troops march into Germany in breach of the sense of the peace treaty. And fourthly, France within a few years walled in Germany with a number of military treaties. France succeeded in putting together an alliance with military strengths was superior to Germany's 12-fold in peacetime and roughly 95 times including their reserves. So Hitler and the rice armed forces had to orient themselves to this level when determining the level of buildup of the new Wehrmacht in 1935. Even before, Hitler had occupied the reminder of the Czech Republic in January 1939 and thus before he had delivered a Casus Belli to France, the French government intervened from Paris in the Polish German negotiations about Danzig and torpedoed them. At that time, Hitler's modest proposal was still valid and that proposal reads, Danzig politically comes to Germany but economically remains with Poland. On the 26th January of 1939, thus before the Czech occupation, the French Prime Minister Daladje and his Foreign Minister Bonnet advised the Warsaw government to reject the requests of certain neighbors with a categorical no. Yet Paris knew Hitler well enough to know that he wouldn't let the Danzig issue remain unsolved. Thus Daladje's advice of the categorical no for the German request meant nothing other than deliberately to opt for war. This does not only allow the suspicion but permits the conclusion that French government as early as January 1939 had attempted to bait Poland into a war to serve French interests. In May 1939, the French commander-in-chief, General Gamelin, promised the Polish war minister, Kasper Cziky, that France together with Poland would enter into a campaign against Germany. The French Prime Minister Daladje knew that Gamelin did not intend to honor this promise if and when the need arose. He left the Poles and the Forts believed that they together with France could be victorious against Germany. France hoped with the minimal effort of its own part to defeat Germany with the joint forces of an allied alliance, assembled alliance. On 3 September 1939, France declared war on Germany and the full knowledge that it wouldn't save Poland. Poland's contribution to the outbreak of the war. After World War I, the victorious powers had allocated several former German territories to Poland. The province of West Prussia with merely 35 Polish but a majoritarian German population and the province of Pozen and the most eastern part of Upper Silesia with a Polish majority. The city of Danzig with a 97% German population had become a so-called free state under the sovereignty of the League of Nations, thus a small republic. According to the Treaty of Versailles, particular customs and rights, postal, railway, traffic, harbour rights and authorities were vested to the state of Poland together with the external representation of the free state. However, Poland did not acknowledge the other sovereign rights that remained with the free state. It demanded that they be transferred to Poland. Poland applied to the League of Nations to be declared protectorate power for Danzig and to gain ultimate sovereignty over Danzig. It tried to garrison troops in Danzig and to establish its own postal network there. It attempted to exchange the passports of the people into Polish passports. It placed 24 Polish governmental offices in the city and it transferred warships into the port of Danzig. Even before Hitler came to power, the League of Nations had to intervene on 106 occasions in clashes between the free state of Danzig and the Republic of Poland. The League of Nations rejected almost all of the Polish claims. In summer 1939, the disputes between Poland and Danzig culminated in a conflict about arming of Polish customs officials on Danzig territory. The Danzig Senate, which means the Danzig government, refused to accept the arming and terminated the cooperation of the Danzig and the Polish customs services. The Polish government, their open, threatened war to the free state. It was Hitler who three weeks before the actual outbreak of the war urged the president of the Senate of Danzig to give way. He said he didn't want a dispute with Poland. He wished to keep the door open for further negotiations. If it was anybody who brought the Danzig issue to the boil, it was a state of Poland with its Danzig policy up to 1939. Now I will turn to the corridor problem. In 1921 Germany had to cede West Prussia to Poland, and there was the territory between East Prussia and the German mainland. This part of West Prussia was called the Polish Corridor. Across West Prussia ran eight former German railway routes. You see them in the sketch red marked. Two-thirds of the transport running across these routes were carrying coal from German mines to the energy supply of East Prussia. The transit fees for it had to be paid to Poland in Slotty. This had been contractually agreed. However, after the world economic crisis Germany did not have enough income in Slotty to cover the fees in full. From then on Germany paid the offsetting amounts of Slotty in Reismarck instead and wished to offset the balance against Polish debts. Poland rejected both. As a penalty Poland closed one railroad between Germany and East Prussia after the other. And in 1936 it even threatened to block the corridor completely. Thereby East Prussia would have been exposed to economic ruin, something the Soviet Union had attempted 20 years later with the Berlin blockade in a similar fashion. This led to Hitler's second aim for negotiations with or if necessary a war against Poland, namely to gain an exterritorial rail link between Germany and East Prussia under German sovereignty and management and at its expense. I'm sure I need not dwell on the third reason for negotiations or for war. It is well known how Poland dealt with its 11.9 million people of national minorities, the Belarusians, the Ukrainians, the Jews and the Germans in their country. Hitler demanded that Poland should respect the minority rights of the Germans and Poland according to the guarantee in the Versailles Treaty and again in a later treaty concluded 1937. I should not omit that the Polish government in 1933 three times proposed the French government to open a two-front war against the Midway Germany, what France refused. I believe that Poland had a great share in the responsibility of the outbreak of the war with its endless quarrels about Danzig and its threat to cut off pressure, East Prussia from its energy supply. The Soviet Union's contribution to the outbreak of the war. The Soviet Union has only an indirect share in the outbreak of World War II. Until shortly before the outbreak of war it negotiated for an alliance with England and France to go to war against Germany. When the Soviets noticed that Great Britain didn't intend to participate in such a war with more than a minimum of its own forces, they changed sides. On the invitation of Stalin, the Hitler-Stalin pact was concluded that was to give Hitler cover for his negotiations with or his campaign against Poland. Moscow's primary interest at that time was to recover the parts of Belorussia and Ukraine, which Poland had conquered in 1921. Today, misleadingly known as East Poland, in this allegedly Eastern Poland lived only a 16% share of Polish inhabitants. Thus, the complicity of the Soviet Union and the outbreak of World War II is relatively limited. The contribution of the United States of America in the outbreak of the war. This contribution shouldn't be omitted here. When in World War I the risk of defeat of the Russian Empire was imminent and thereby a victory of Germany not improbable anymore, the USA intervened in the European War in support of Great Britain and France. The USA didn't want to lose their enormous war loans to both countries, should they be defeated. The war loans to the Western Allies added together to the twofold of the national annual budget of the USA. At that time England, France and Germany were worn out and ripe for a compromise peace on equal terms. But that didn't occur now. What followed instead was the German defeat, the disaster of Versailles, the separation of nearly 30 million European citizens from their home countries, the destabilization of Germany, the Third Reich, Hitler and the Second World War. Towards the end of World War I US President Wilson promised Germany and the Habsburg Empire a piece of reconciliation with his famous 14 points offer. Prior to the ceasefire these 14 points moreover had been mutually confirmed as binding for both sides by five note exchanges between Germany and the USA. But then the victors did not keep their word and the USA in Versailles tolerated the harsh conditions that had been imposed on Germany without negotiations. 20 years later these conditions caused the Second World War, that is to say, Danzig, West Prussia, the Corridor, the Memel Conflict, the Sudetenland, the Minority Problems, the Jämtis Armament Conferences and so on. All that hadn't occurred without the unjustified intervention of the USA into World War I. From 1933 onwards the United States attempted to block any mitigation of their Versailles provisions. President Roosevelt insisted on the status quo for the vanquished Germany. From 1933 on the United States reinforced their Navy and in 34 the first instruction was issued to develop war plans against Germany, Austria and Hungary which were designed in 1935 and 2006 at the Army War College as the so-called Rainbow Plans. Interestingly the US Ambassador to London, Joseph Kennedy in December 1945, looked back to his time in London and said, neither the French nor the British would have made Poland a cause of war if it hadn't been for the constant needling from Washington. The United States of America apparently were the warmongers in the background. Now it should be the turn of the German contribution to the outbreak of World War II, but this is so well known that I need not give a lecture on it. My conclusion, when it is about the blame for World War II, all great powers should look self-critically into the mirror. Please let me end. If your curiosity for the subject has been stimulated you can turn to the book The War That Had Many Fathers for details and reference on documentary sources. Unfortunately no English-speaking publisher has issued the English language translation of the book. One can order it only at Amazon as a print-on-demand copy. I would be glad to find still a publisher. Thank you for your patient attention.


Family Theatre presents William Bendix, Harold Perry, and Nancy Gates. From Hollywood, the Mutual Network and Cooperation with Family Theatre presents The Fable of the Perfect Princess, starring William Bendix, Harold Perry, and Nancy Gates. To introduce the drama, here is your host and narrator, William Bendix. Thank you, Tony LaFerno. Family Theatre's only purpose is to bring to everyone's attention a practice that must become an important part of our lives if we are to win peace for ourselves, peace for our families, and peace for the world. Family Theatre urges you to pray, pray together as a family. And now to our drama, The Fable of the Perfect Princess, starring Harold Perry as the king and Nancy Gates as the princess, and featuring Verna Felton as the queen and Billy Balkam as Sir William. Once upon a time in a far-off country, a baby was born. Nothing so strange about that, you might say. And you'd be right. Except that this baby was the first born of a very important king. Would you like to see your heir, your majesty? Ah, yes, my queen. Cute little dickens, isn't he? Yeah, let me hold a little touch. Oh, careful. You know, I think I'll name him after me. Albert II. Be as fine a king as I am. But your majesty, didn't you know this child will never be king? No. No. It's a girl. A girl? Well, that's nice. A girl! Back in those days, they didn't know that girls were every bit as good as boys. You see, this was a long time ago. But Albert was a just king. A girl? Well, what if she is a girl? By George, I'll see to it that she's the wisest, most intelligent princess that ever lived. That when on the time comes, she'll be as good a ruler as the people could want. And King Albert was true to his word. Through the years that followed only the greatest teachers were hired to instruct the beautiful princess Diane in music, in mathematics, and in all the other arts and sciences. And she was an excellent student. In fact, she was as beautiful as any girl had ever been, and much more intelligent. And whenever a grand ball was held, nights would come hundreds of miles to pay their respects and have a try at capturing her heart. But no matter how hard they tried, not a one of them ever did, till one night. And this, your majesty, is... Oh, yes, of course. Sir Humphrey. Oh, you remember me, your majesty? Of course I do. We met three years ago at my 18th birthday party. I believe you had a slight cold then. I do hope you're fully recovered. Why, why, yes, I did. Thank you very much. And, sir Gledon, your majesty. Most certainly. How'd you do, your majesty? I think the occasion was the grand ball eight years ago. I heard about your accident, sir Gledon. You fell from a bridge in full armor. How are you feeling? Well, aside from a slight ring sensation quite well, I go, I'm proud that your majesty should remember me. And, sir William, from one of the western kingdom. Howdy, ma'am. Sir William, uh, wasn't it... Oh, no, no, ma'am. You've never met me. Well, then I'm pleased to have this opportunity. It's mutual, I'm sure. Well, if you'll excuse me, I'd better be getting along. Goodbye, Gled, Humphrey. It's nice meeting you, princess. I say he seems rather to be leaving. What an extraordinary thing to do. Well, from all accounts, your highness, sir William is not a very ordinary young man. No. No, he certainly isn't. Well, what else did you find out about him, mother? Oh, I don't see what you see in him. And there are so many kings and princes around, just begging you to look their way. That's just it. He's so, well, so different. He's the first man I've met since I was 15, who, well... Hasn't proposed? Well, maybe he's married. That's what you'll have to help me find out. I don't know about this. Oh, please, mother. What do you want me to do? Well, he knows me, but he doesn't know you. So, if you'll just... There are horse dance deals. Who horse you've got there? Uh, thanks. Uh, gift from your wife, perhaps? Got him at his Christmas bonus a couple of years ago. Oh. Well, what's his name? Name? Hadn't got a name. No name. What do you call him? Horse, mostly. That's rather strange. Not at all. You see, this way everything's on an impersonal basis. Strictly business. Chances are, if we were friends, we'd always be imposing on each other. In this business, that can be fatal. So, you just call him horse? Horse. Was it your wife's idea? My idea. Nice morning, isn't it? Looks bright. Most mornings are. I meant your horse. He seems to be very intelligent. Is this the horse on which you performed all your deeds of bravery? You must be thinking about somebody else, man. But you are Sir William. That's my name. But I've heard about some of the things you've done. Just doing my job. Not much bravery involved. You've never been afraid? Well, just once when I was on a fishing trip over in Scotia, ran into a thing they call a Loch Ness Monster. Then you were afraid for your lady, I suppose? By myself, fishing trip. I was just afraid for a minute, then it got mad.  The fish? No, the monster. Oh. Well, I suppose the tail would make a fine prize for your lady. No. You don't have a lady? The thing didn't have a tail. I seem to remember it having a head at each end. Well, I suppose you could take back something to your wife or sweetheart. Had horns, didn't he? All over. Well, one of them would make a nice trophy for a loved one. Well, maybe, but I don't really have any loved ones. No wife or anything? Nope. Oh, that's splendid. Well, what do you mean?  Oh, my goodness. I wasn't thinking of myself, sir William. I was speaking for the Princess Diane. Princess Diane? She wants you to wear her colors at the Royal Joustling Matches next Saturday. Wear her colors? No, no, no, no ma'am, I couldn't do that. Oh, but any night the kingdom would give his right teeth to wear her colors. No, she's too perfect for me. You see, come a little closer, will you? I don't want this to get around too much. No, no, no, of course. What is it? I'm not a very good knight. No.  At furthermore, he said he wouldn't dare have anything to do with you, but for me to tell you diplomatically. Did he really say that? Well, confounded Henrietta, why didn't you put it diplomatically? With my own daughter. What is that tin-plated Casanova want? She speaks 10 languages, never forgets a name or a face, knows music and all the other arts and sciences, hasn't made a mistake in grammar since she was three years old. That's what Sir William said. Well, what does he want? He says I'm too perfect. He seems to think just having you around would give him an inferiority complex, whatever that is. Well, if he'd pass up a girl like you, he obviously hasn't got good sense. Put him out of your mind, my dear. Oh, but Father, I think I'm in love with him. Nonsense, put him out of your mind. That's an order. I don't want to hear of the matter again. The Princess Diane was an obedient girl, and so she cried very hard to put Sir William out of her mind. But she couldn't do it. So instead she moped. And because she was much loved by the people of the kingdom, all who saw her also began to mope in sympathy. So finally, the king could stand it no longer. All right, all right. I give up. If this man means so much to you, then by George, you'll get it. Summon the royal wizards. Oh, no, the problem, fellas. Is there an answer? Love potion or something? Love potion? Well?  It's just not true. No such thing? No, miss. From the way it looks, they're only found in storybooks. Well, is there some other way? Oh, yes. There must be some other way. Other way? Well? The only way, your highness, we account for William Shiness is to point out all the items that seem unprone to the item. Unprone? Ooh. Since Diane reached the age of two, she's done more than she ought to do of studying of the universe and differential calculus of art and every other thing till now. She's smarter than the king. Now, see here. You boys can be replaced, you know. We're so sorry to unflatter, but we think that's what's the matter. Well, of course that's what's wrong, but, well, how can we change it? Yes. Have you got any ideas? She's so very nearly perfect that we must be metamorphic. Yep.   In short, one of them's absolutely got to change. You mean we have to make him think he's as good as she is? You've capsulized the answer, king. By doing that, we might solve the thing. But how can we do that? With a jousting match coming up Saturday, I think we can handle it. Nothing illegal now, Father, dear. Illegal? Why, of course not, princess. Never fear. Now I'm doing it then. Get your programs for the jousting matches. Programs here. Come on, Father, we'll miss the start. You go on, my dear. I want to have a word with your mother. All right. Henrietta, you go to the field master and tell him that I want Sir William to fight first, and then the winner to meet all the comers. All comers? No, no, human beings could. Keep your voice down. He'll fight every night here. But there are 25 of the best. He can. Of course he can, unless he gets some help. Here, take this money and pay every night with Sir William to lose. Oh, a jousting fix? Exactly. If this doesn't make him feel perfectly good enough for our daughter, I'll eat my crown. Coming, Father? I am very long, Henrietta. I'm coming. This afternoon's tournament will be the Lance Charge. Sir Gledon matched against Sir William from the Western Kingdom. Doesn't he look wonderful? He'll look even better later. Look, here they come. Sir William of the Western Kingdom, who will now be matched against Sir Newton. Something for your e-five of your best nights. Nothing like it has ever happened before. Wasn't he just wonderful? Well, I paid, he should have been. Pardon me? And? I said a man like that will always win. Are really, Princess Diane, we're never going to get finished unless you give me your attention. Oh, yes, yes, I'm sorry. Uh, what's all this? Well, he's helping me learn some things, Father. Oh, perhaps, Your Highness, we should say unlearn. Unlearn? Oh, no, as I like that. Well, it was Mother's idea. That reminds me, you haven't seen the Queen. Oh, indeed I have. Nice-looking woman. I met this evening. Oh, this evening. No, Your Highness. Is she missing? Haven't seen her since the matches. Nothing to worry about, though. I'll go see if she's back yet. You get on with what you're doing. Now we'll try a terrible thing. A very imperfect, a plural, first-person pronoun with a singular verb. Now, after me, uh, we was. We was. Again? We was. Sounds positively horrible. Now we'll try it with a double negative. Now then, we wasn't doing nothing. We wasn't doing nothing. That's terrible. Here, here, here. Is that what you mean by unlearning? I'll not have it. That's one thing up with which I refuse to put. Oh, but, Father, it will prove to Sir William that I'm... You don't just leave it to me. Now, I'll see that you get this young man without having to stoop to such a... To such a... Uh, Skull Duggery? Exactly. Skull Duggery. You just leave it to me. We wasn't doing nothing. After the education she's had... Albert! Henrietta, where have you been? You didn't do your job too well, my dear. Some of our boys put up too good a fight. Putting air, beat him a couple of times. Here's your money. My money? Not one of our boys would take a bribe. Sir William beat them all by himself. I hope I'm not intruding. Oh, no, of course not, Your Highness. Come on in and make yourself at home. Thank you. Now, look, Sir William. Just what is it you don't like about my daughter? I beg your pardon. You know what I mean. You wouldn't wear colors at the matches today. Why, confounded when a princess asks tonight to wear colors? It's almost tantamount to a proposal of marriage. Well, yes, sir. I know that. Well, you'll never find a better woman if I do say so myself. What do you want? Egg and your... Now, just a minute, Your Highness. Don't misunderstand me. I think your daughter's all you say she is. She's the most beautiful princess I've ever seen. And without a doubt, so gracious and intelligent, she's almost, uh, almost... Almost perfect. That's it. The princess Diane's wonderful. And I think I'd fall in love whether if we spent any time at all together. But hang it all. Would you want to marry a perfect woman? You see, what I mean just wouldn't work out. Will you excuse me? I'd like to talk this over with some friends of mine. So that's what the situation is. Seems terribly hopeless, doesn't it? Quiet there. Let the wizards think. Seems perfection is the rub to him. It makes our chances mighty slim. Yes, yes, I know. There ought to be something. She's no more perfect than I am. You need not go to such extremes. She's much more perfect, so it seems. Wait a minute. If he really thinks he isn't a good knight, then we could tell him I've got poor judgment because I think he's an excellent knight. Uh, that's not good enough. Aha! By gum we've seen the light. We know how we might win this fight. How? What is it? When Sir William admitted he shouldn't be near her for fear that he'd fall, then he made it quite clear, sir. That's right. All we have to do is get him together for a while. But how can we do that? How? Well, we'll put her in danger so fraught up with fright that Sir William alone out of all of the knights will have courage enough to go to her rescue. Now won't this plan work? Now won't it? We ask you. Oh yes, it sounds wonderful. We'll have to make me seem helpless. Absolutely helpless. Nothing really dangerous, you understand. Oh, there'll have to be some danger, father. Well, letting him feel masterful won't hurt a bit either. Let's get our heads together and come up with something really awful. And while Sir William slept peacefully in his bed, a king, three wizards, and a beautiful princess conspired to change the course of his life. Then just before dawn, the light in the northeast tower went out. And soon after that, the princess came riding out of the palace courtyard, down the street's mouth with main gates of the city. I'm coming. Wait a minute. Hurry. Well, what is it, pardon? Oh, it wasn't supposed to work out this way. It's all not at all. What wasn't supposed to work out this way? What's wrong? The princess Diane has run off or been carried away or something, or it's just dreadful. Carried away? Well, it really wasn't the plan. Oh, I know something just terrible, Sir William. Where are you going? To see the king. Wait for me. And that was the plan these wise men and I had thought up. But she didn't use it. She said it wasn't dangerous enough. Pretty low trick. She left this note. It's not so long. It only mentions where she's gong. Gong? That's C. Says she's gong to the valley of the dragon. But there's no such thing as a dragon. That's right. On that we all agree. A dragon simply could not be. Then what's all excitement about? Tell him, fellows. Alas, though science tends to show the dragon theory is just not so, one dragon doesn't know this fact. Therefore it's alive and quiet intact. How about it, Sir William? Will you bring her back? I'll see that you get the richest reward you can think of. Well, that's really not necessary. You'll go then? Yeah, I'll go. But there isn't any such thing as a dragon. They simply don't exist. Now, up to Sir William's time, there had always been some conjecture regarding the existence of dragons. After his time, there wasn't any. Don't misunderstand us. We're not claiming the knight actually killed the last dragon on earth. In fact, we don't claim he killed one at all. But nonetheless, the facts are there. You can find them in any history book. Well, some history books. That is, somewhere there's a history book with these facts in it. About two hours after Sir William left for the Valley of the Dragon, the people saw a great cloud of steam rise in the east. But of course, though it looked like it might have been made by a dragon, it could have been caused by some farmer's wife in the hill country as she prepared a hot bath for her husband. And then after that, there was the sound of a great roaring and bellowing such as an angry dragon might mean. But that might only have been the farmer discovering his bathwater was a little too hot as he seated himself in the tub. And then the sound of a great fight came forth. So great it caused the mountainous pollen dust that nearly covered the kingdom. But that might have only been the farmer and his wife in the little family discussion on the manner of preparing a bath. A sound of muffled thunder such as a dragon might make when falling to earth, mortally wounded, might have been only, well, muffled thunder. But there was one thing. As Sir William rode out of the valley with the princess before him in the saddle, he was wearing the look of a man who had just been through a great ordeal. An ordeal that could only have been. To think you proposed to me. Well, I suppose it does take a lot out of some men to propose. I guess I knew it from the beginning and tried to fight it, but it was bigger than either one of us. Oh, was it? We'll make beautiful music together, you and I. Back in those days, this line was brand new. Oh, and you risked your life to save me without any hope or reward. Yeah. There wasn't any reward, was there? Was there? Well, there was. You, you beast. Get off this horse and never speak to me again. But you heard me. But it's my horse. Besides, we're almost there. We'll settle this when we see your father. In those days, good news traveled fast. In fact, almost as fast as bad news does today. So as the nighting princess Diane rode into the palace grounds, they found a great celebration awaiting them. The king and queen, the wise men, all the state dignitaries and thousands of citizens were gathered to rejoice at the safe return of the couple. And it had the makings of a marvelous celebration till the king happened to say... Well, daughter, dear, you had a couple of hours with him on the way back. Did he, uh, pop the question? Yes. But I wouldn't marry him if he were the last man on earth. If I were the last man on earth, I'll bet you would. I would not. Dear, here now. Now, dear, isn't that what you wanted? He only saved me for the reward. The beast. Oh, everything happens to me. I refuse to take any reward. I absolutely refuse. Cut that. Hold on. Wait just a minute. We've got a thought. Let's see what's in it. Well, spit it out, fellows, and the better be good. We'd rather whisper what we've got. It's the best idea we've ever thought. What is it? Well... I wish... Yeah. Your highness. Don't listen to him, father. Yes, sir, William. You promised me the finest reward I could think of for rescuing your daughter. That's true. All right, sir. I asked for your daughter, the hand of Diane, and marriage. And so they were married. And, strangely enough, lived happily ever after. Now there is a moral to this story. In fact, there are several. One of them might be... Don't ever let your daughter get smarter than you are, unless you can afford top-flight wise men. And another would be... You can sometimes get a man to propose by simply wearing him out. And yet another moral. Worse things can happen to you than marrying a princess. But the real moral of the story would be this one. No one on earth include Diane can lay claim to perfection. And if sir William thought she could consider that affection can seduce men's eyes obscuring faults for certain. And when that happens, friends, it's love. On that, we drop the curtain. Thank you. And this is Bill Bendix again. There was a line in our story this evening that made everything come out all right. Do you remember it? It was, and they lived happily ever after. Now... How do you know, Bill? Well, how do I know what? I mean that they lived happily ever after. Well, I just know that's all. Can you prove it? Now listen here, Harold Perry. I know they lived happily ever after. Because I was telling a story. When I'm telling a story, what I say goes, see?  Who's fat?  A storyteller is responsible to the characters he creates in a story. And those characters depend on the storyteller for everything they need. Now, in a sense, that's like man's relations to God. We were created by God, and we are dependent on him for everything. But unlike the characters in a book, we can ask our creator for what we need. In fact, we should. And I suppose most of us do through prayer. Prayer is our way of talking to God, of getting the things we really need by appealing directly to our creator. Things like peace of mind, security for our families, or peace in the world. Family theater has always advocated family prayer, because it's more effective. It unifies and strengthens family life. It's just as we say every week on family theater, the family that prays together stays together.  But family theater has brought you William Bendix, Harold Perry, and Nancy Gates in The Fable of the Perfect Princess. Others in our cast were Verna Felton, Billy Borkham, Howard McNeer, Junius Matthews, Bob O'Sullivan, and George Taylor. The script was written by Robert Hugh O'Sullivan, with music composed and conducted by Harry Zimmerman, and was directed for family theater by Joseph F. Mansfield. This series of family theater broadcasts is made possible by the thousands of you who feel the need for this type of program. By the mutual network, which has responded to this need, and by the hundreds of stars of stage screen and radio who give so unselfishly of their time and talent to appear on our family theater stage.  This is Tony Lafranco expressing the wish of family theater, that the blessing of God may be upon you and your home, and inviting you to join us next week, when family theater will present Roddy McDowell, Ruth Hussie, and Lois Butler in Lullaby of Christmas. Join us, won't you? The theater has broadcasted throughout the world, and originates in the Hollywood studios of the world's largest network. This is the mutual network broadcasting systems.


Think your grocery bill is high now? Just wait! A massive corporate merger could send skyrocketing food prices through the stratosphere unless government sees the deal for what it is. A rotten egg. Supermarket giant Kroger is in the process of finalizing a nearly $25 billion dollar deal to acquire its jumbo-sized competitor, Albertsons, combining their 5,000 supermarkets into one mega company. The concentration in the grocery market is already a huge problem, with estimates showing that just five companies control over 60% of American grocery sales. This means less consumer choice and more opportunity for grocery stores to jack up prices, which they've already been doing under the cover of inflation. Let's be clear, big corporations are using the excuse of inflation to pass price increases through to you. If we view a little bit of inflation as always good in our business, we would expect to be able to pass that through. This coming from a CEO whose recent $18 million dollar compensation was already 679 times that of the typical Kroger employee. What's that smell? It's not a rotisserie chicken, it's your pocketbook getting roasted. Now you may think this merger won't affect you because you don't have a Kroger or Albertsons where you live, but here's the kicker. Both stores already control dozens of other grocery brands across the country. So you may not know you're actually shopping at Kroger or Albertsons. All told, this deal could affect grocery stores relied on by 85 million households. What's to stop this new Goliath from continually raising prices of customers of nowhere else to shop? With grocery builds already going through the roof, Kroger buying Albertsons gets rid of the roof altogether. A Kroger owned mega company can also get away with paying workers even less than it already does because fewer competitors means grocery workers have fewer choices of whom to work for. According to one survey, 75% of Kroger workers have been food insecure and 14% have experienced homelessness. One out of every five Kroger workers has relied on government aid to survive. This is no secret to Kroger executives either. Recently leaked internal documents reveal that the company has known about the plight of its workers for years. Folks, this is the story of monopolization. Corporate consolidation is bad news for everyone except the super rich. It's awful for consumers, workers and the economy as a whole and it's driving the most extreme wealth imbalance in over a century. But the good news is that this Kroger Albertsons deal is far from being fully baked. The Federal Trade Commission has the power to intervene and stop it. Several labor unions, produce growers, antitrust experts and state attorneys general are already urging the FTC to block it.