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Basically back in here in January of
twenty twenty two, we've broken below this

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bullish trend here, not the entire
bullish tread, just this upper leg of

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it. We entered into this full
bear structure here, and then we have

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been in a new bullish structure since
then. I think this has one more

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leg to go to take out these
highs up here at forty six, thirty

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three fifty and then we all have
to look at different exhaustion levels up above.

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You're listening to Carrie Letz's Financial Survival
Network, where you get valuable information

8
00:00:29,160 --> 00:00:34,520
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9
00:00:34,560 --> 00:00:41,119
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10
00:00:41,159 --> 00:00:47,840
and get your free newsletter and gift. Financial Survival Network now more than ever.

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00:00:51,280 --> 00:00:55,479
And welcome you are listening to and
watching the Financial Survival Network. I'm

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00:00:55,479 --> 00:01:00,520
here hoes Carrie Lotz since the last
day of November. Figured we touch with

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Michael Moore More Analytics. You find
them at moreo R Analytics dot com.

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Questions, comments, whatever, send
me an email kl at carrielots dot com

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00:01:12,640 --> 00:01:17,640
and Mike, it's great to have
you back. On the show, so

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we've had quite a run up in
the S and P and in the indexes.

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Avan. Wait, yes, thank
you very much for having me on

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Kerry. I appreciate so. Sure, So what's doing in the market here?

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We got some charts to look at, a sure, So I'm a

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technical analyst, so my analysis of
the markets is strictly from price action or

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any of your followers that normally look
at fundamentals. So my charts may look

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like hieroglyphics with all of these lines
all over them, but these charts are

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not really designed for presentations to audiences. There really my charts that I use

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for determining price movement. But right
here in the SP's this this insert right

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here. This is the the SMP
analysis that I send to my clients every

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morning. So I send this out
in the mornings, and then in the

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afternoons I send a video podcast everybody. So we'll just take into what I

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actually sent to traders this morning.
This seems like a lot of writing,

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but most of the upside is on
hold because these are higher time frame calls.

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I warn't holding possible macro exhaustion at
thirty five thirty one, which we

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had the potential to trigger at bullish
correction to training with the minimum target of

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thirty seven ninety three and a higher
time frame target of forty one ninety We

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held that with thirty five h two
though, and bounced eleven thirty two,

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taking out both targets. So this
says a bunch of other the higher timeframe

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calls in here. Then we had
a lower time frame call. We held

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exhaustion above at forty six eighteen fifty, but the forty six thirty five I

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rolled over five hundred and twelve point
twenty five. Now that's I hold now

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on a lower time frame. This
is the This is the part of the

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paragraph that traders would look at in
the morning, and so each of these

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sentences has been updated every day since
they've been written. The first one being

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that we held exhaustion below at forty
one fifteen with the forty one twenty two

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and a quarter low at abouts four
hundred and seventy four point seventy five.

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That was holding this exhaustion level right
here with this red rectangle, So we'd

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bounced. Then the next fullish call
was the break above this formation right in

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here. Actually, no, that
was left. The next call the next

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call was we left this. This
is a daily chart. We left the

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bullsh reversal right here. That was
on eleven one, and we rallied three

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seventy five from that forty two to
twenty one fifty over. Then we traded

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above the forty two seventy seven seventy
five line that's brought in three hundred and

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nineteen point five. That was the
break above this line. I'm not going

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to go through all of them,
but a more significant one here. As

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I said, solid penetration above forty
three sixteen ninety three to twenty eight seventy

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four put this back above a substantial
formation that warned of higher trade for days

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slash weeks. We've seen two hundred
and sixty eight point twenty five of that

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so far. That was the break
above these two lines right here, and

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you can see we've broke above those
are on November three, so we've been

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up above there almost a month fulfilling
what we said here about weeks, and

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then we broke above another significant formation
at forty four seventeen fifty that projects us

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upward two hundred and ninety five points. We've only seen one hundred and seventy

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nine point five of that so far, so that still has more to go.

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And then on a very short term, we broke above a minor formation

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to forty five sixty three seventy five, which brought in thirty three point twenty

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five of strength. And I'll show
you that right here. That is this

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little little formation right here. We
broke above. It came all the way

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down here within point twenty five seventy
five of the stop, and then rallied

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up to here. If we break
below here decently, that's going to warn

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a renewed pressure down line's going to
command that at forty five fifty four seventy

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one minus light team per hour starting
at two o'clock PM. Let me just

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talk about a little bit of a
higher time frame outlook, because we haven't

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been on for a little while.
But this is a daily chart again,

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forgive all the hieroglyphics on here,
but not a problem basically back in here.

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In January of twenty twenty two,
we've broken below this bullish trend here,

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not the entire bullish trend, just
this upper leg of it. We

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entered into this full barrow structure here, and then we have been in a

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new bullish structure since then I think
this has one more leg to go to

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take out these highs up here at
forty six thirty three fifty, and then

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we all have to look at different
exhaustion levels up above. We hold one

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of those exhaustional levels, we could
see a bear's correction larger than one of

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these correctionals. But currently right now, we're still bullish in general to the

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upside. Okay, they're still bullets
to the upsides. And how much further

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can it go? Well, I
think we'll probably take out forty six thirty

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three fifty give me a second here, and then, well, I said

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that that what projection right here,
right, this is the trade above forty

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four to seventeen to fifty project you
upward two hundred and ninety five plus.

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You've only seen one hundred and seventy
nine of that so far, so we

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could see another one hundred and fifteen
above that. You know. Short term

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we can still see you know,
we can see some consolidative pullbacks in here

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or whatever, but in general,
it's just we're still above those lines.

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This is still projected higher. Okay, all right, So higher we go,

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We've got to see a crash once
it hits its peak. What's you're

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feeling, I do. I think
we're going to We're going to see a

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correction from up there. I wouldn't
say a full crash necessarily, but we

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have exhaustion levels up above to be
aware of, at forty seven to seventy

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one and a half to forty eight
twenty one and a half, and then

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higher levels above that. Also,
if we were to break above forty six

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thirty three point fifty and then settle
below it for a couple of days,

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that could also trigger in early termination
of that move up and roll over.

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And you can see yes year on
the charts of ser these are pretty major

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areas right here. Forty six thirty
one the forty six thirty three p.

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Fifty is a major area. So
if we broke above that and really settled

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below it, then this thing can
really start to come off, all right.

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So I realized, you're a technical
guy. You don't really go into

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the fundamentals, But do you have
any explanations or theories about the market's behavior,

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why it's gone up, why it's
climbed on a wall over worry?

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What a great question for a technician. So this is really more of an

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answer on a technical level. The
straight answer to that is no, because

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I don't really look into the fundamentals
that much. The reason why I look

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at things from a price actual perspective
is the theory behind technical analysis and looking

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at those prices is the current market
pricing is a reflection of the sum total

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of all the people treating that market
at that time. And what I have

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found over the years is that a
technical analysis will get you into rooms earlier

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than the fundamental picture paints that picture
eighty five to nine, eighty five to

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ninety percent of the time, and
we'll get you out of at eighty five

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to ninety five percent of the time
earlier than the fundamentals will show you when

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you get out of it. So
the fundamentals are what drives the market.

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Okay, that's the underpinning of the
market, but the technicals reveal which way

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that those are going to turn much
earlier than to fundamentals present themselves like that,

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If that makes any sense, Okay, I don't know if that was

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very clear of an answer. If
that was clear, it clear as we're

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going to get and we're grateful for
it. Really well, I'll give you

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a quick example in the in the
crude oil. You know, I was

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getting barrassed at different exhaustion levels up
above here. Then we broke above a

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major top and patter right here on
the sixth and no ever, you know,

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who would call who would call that? Who would call the crude oil

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to be bearish when there's a war
break, when there's a war going on

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in Israel? And right? Counterintuitive
for certain right right exactly? So?

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Uh. And the other thing is
is I started this analysis at the request

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of a natural gas futures trader on
the floor of the New York Mercantile Exchange,

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and a natural gas and crude oil
options trigger and the options pit down

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there into this analysis. You know, traders and the pits on the trading

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floors are looking for something that's immediate
and very tangible and ciffik. And that's

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what the technicals provide. Right,
Okay, I like it. I like

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00:10:07,080 --> 00:10:15,320
it onto other markets. Why don't
we first look at what Let's look at

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energy crude oil and get it as
long as you've as long as you're the

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one who raised it after all.
Right, all right, okay, let's

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see what we got there. Well, we can look at crude oil.

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Crude oil is a sale right here. As a matter of fact, we

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had just broken above. Let me
pull this over here, crude all down

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below. We had held exhaustion down
below at seventy two even with the seventy

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two to thirty seven low, and
bounced up to seventy eight twenty six or

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seventy nine to sixty. And we
had broken above two different bullish formations.

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One right here we saw a nice
run up from. Another one right here

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we saw a run up from.
But then we held exhaustion right up here

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at seventy seventy nine seventy two with
the seven nine sixty high, and we

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00:11:01,879 --> 00:11:05,159
rolled over and we failed below this
formation right here. And that's really key

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00:11:05,200 --> 00:11:09,399
because now that projects us lower and
another three dollars and fifty cents to the

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00:11:09,440 --> 00:11:16,000
downside. That line right now comes
in at seventy six seventeen and increases one

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00:11:16,039 --> 00:11:20,279
point seven ticks per hour. To
those of you that don't know that ticks

149
00:11:20,360 --> 00:11:28,320
nomenclature, a tick is an exchange
term for the lowest increment that a commodity

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00:11:28,480 --> 00:11:33,639
moves or trades it. So for
crude oil, a tick would be a

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00:11:33,639 --> 00:11:41,360
cent on a on a barrow,
and your stock would currently be one hundred

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and one ticks or a dollar one
above seventy six seventeen. We still do

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00:11:48,840 --> 00:11:52,480
the tren in the tron too,
or is that like totally antiquated? The

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00:11:52,519 --> 00:11:56,360
trend in the tron. The trend
in the tron, right, the trend

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00:11:56,480 --> 00:12:01,120
I mean we used to term trend
analogy tren, t R I n trin.

156
00:12:01,240 --> 00:12:03,519
No, And I don't really used
that. Did they use that on

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00:12:03,559 --> 00:12:09,080
the in the you know, I'm
old. There used to be the trin

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00:12:09,720 --> 00:12:13,639
right, and there used to be
the tron right. Oh, I haven't

159
00:12:13,639 --> 00:12:16,519
heard that. I've always been down
on commodities excuse that may have been more

160
00:12:16,519 --> 00:12:18,559
of a stocked Is that more of
a stock exchance? Then? Yeah?

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00:12:18,840 --> 00:12:24,320
Uh, you know it's a they
were like measurements and directions of the heading.

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00:12:24,759 --> 00:12:28,120
Trin is a short term treating tool
that measures volatility in the stock market.

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00:12:28,480 --> 00:12:35,080
Trend represents the relationship between advancing and
declining issues by measuring their volume flow.

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00:12:35,759 --> 00:12:41,080
Right, really interesting pron you know, nobody uses it anymore. I

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00:12:41,120 --> 00:12:43,879
think the computers figure all that stuff
out, so they don't really care anymore.

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00:12:45,480 --> 00:12:50,759
Right, but you know, uh, the tron, God, I

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00:12:50,840 --> 00:12:58,120
gotta find it now. But there's
the trend in the tron stock term.

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00:12:58,399 --> 00:13:05,720
Yeah, tron. I don't know
that. It's like we're getting old here,

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00:13:05,000 --> 00:13:09,919
but you know, tron meant something
else. If anybody else out there

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00:13:11,120 --> 00:13:16,600
knows or remembers what the heck tron
was, please tell me, uh email

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00:13:16,639 --> 00:13:22,840
address kl at Kerrie LUTs dot com. I will send you a pre nineteen

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00:13:22,960 --> 00:13:28,120
sixty five dime for the first five
people who can figure out de fine a

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00:13:28,159 --> 00:13:35,600
tron okay. And I don't stocktron, I mean what is tron okay?

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00:13:35,759 --> 00:13:41,840
So anyways, and I'm not talking
about the cryptocurrency tron either. Yeah.

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00:13:41,919 --> 00:13:46,720
I think some of the nomenclature I
still have is probably antiqueted too. You

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00:13:46,720 --> 00:13:50,600
know, if I say that,
you know this is going to come off

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00:13:50,679 --> 00:13:54,039
five dollars before coming off the board
and rolling into the next contract. I

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00:13:54,039 --> 00:13:56,159
guess coming off the board is when
they used to actually write it on more.

179
00:13:56,639 --> 00:14:01,480
Yeah, and things like the ticker
right yeah, nah, we date

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00:14:01,519 --> 00:14:05,919
ourselves now, right, but you
know we still use that terminology even on

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00:14:05,960 --> 00:14:07,759
the trading flow board. We didn't
even have a boarder. It's just a

182
00:14:07,840 --> 00:14:13,399
terminology that just kept the flow over. So and you don't really have a

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00:14:13,879 --> 00:14:18,559
trading floor either. So another thing, you know, the Wall Street,

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00:14:18,879 --> 00:14:24,200
the New York Stock Exchange is just
a gigantic backdrop where that really happens.

185
00:14:24,480 --> 00:14:26,480
I think the I don't even think
that people work on the floor anymore.

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00:14:26,480 --> 00:14:33,320
I think they're hired actors. They
just have virtual back Yeah, it doesn't

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00:14:33,360 --> 00:14:37,200
exist. It's just a backdrop.
It's just a big zoom call. You

188
00:14:37,240 --> 00:14:43,000
don't know this, but the stock
market has been replaced by one giant zoom

189
00:14:43,039 --> 00:14:50,399
call and a little magician behind it. All right, and at the big

190
00:14:50,399 --> 00:14:54,639
board there'll be selling condos at the
end of the month. They're going to

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00:14:54,679 --> 00:15:00,759
come hurk. I always predicted that, Mike always Hey, I'll tell you,

192
00:15:01,399 --> 00:15:03,639
well, Street doesn't really exist anymore. It's a it's a mean,

193
00:15:05,200 --> 00:15:09,000
it's a it's a state of mind. It's not really a place anymore.

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00:15:09,039 --> 00:15:13,279
I mean, yeah, Broaden Wall
exists, but nothing's happening there. People

195
00:15:13,320 --> 00:15:16,600
lived there. I think the only
thing happening there is the brass bullet's still

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00:15:16,679 --> 00:15:22,200
down there, pically data next to
this bull's hindquarters. For certain reason,

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00:15:22,200 --> 00:15:26,000
that'll get it and the streets are
blocked off, but for what purpose I

198
00:15:26,000 --> 00:15:31,039
don't quite know. The residual effect
of nine to eleven. Yeah, I

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00:15:31,080 --> 00:15:33,399
remember on nine to eleven. After
that, I was our building. We

200
00:15:33,399 --> 00:15:41,159
were the only people allowed below Chamber
Street and west of Broadway for three months

201
00:15:41,200 --> 00:15:45,799
after nine to eleven. Yeah.
Spent a lot of my life down there,

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00:15:45,879 --> 00:15:50,200
Matt. Oh yeah, well down
there at Pace University had a number

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00:15:50,240 --> 00:15:54,559
of offices down there, and it
was really happy when I didn't have to

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00:15:54,559 --> 00:15:58,679
go there anymore. Yeah. I
remember the first day going after nine eleven.

205
00:15:58,720 --> 00:16:02,320
It was like all you did,
all you smelled, was all this

206
00:16:02,480 --> 00:16:07,519
acred smoke, and you couldn't got
it further into subway because horrible Gobody's further

207
00:16:07,000 --> 00:16:11,480
gone, absolutely horrible. All right. We had to march to work our

208
00:16:11,519 --> 00:16:19,799
first day and in three single files
with people with machine guns martshoots to work.

209
00:16:21,159 --> 00:16:26,240
That's reassuring. Yeah, all right, so what do we got here?

210
00:16:26,440 --> 00:16:30,000
Okay, so the crude on the
very short term, this is basically

211
00:16:30,039 --> 00:16:37,679
made a bullish a classic bearish structure, right, classic bullish correction against getting

212
00:16:37,759 --> 00:16:41,200
higher lows. Now we see that
and higher highs. Right, but now

213
00:16:41,360 --> 00:16:45,559
we're breaking down. So we held
this exhaustion level right here, we've taken

214
00:16:45,559 --> 00:16:49,279
out this bearish formation. Now this
is projected lower at least three and a

215
00:16:49,320 --> 00:16:52,879
half dollars. We're probably going to
come down and take out these lows down

216
00:16:52,919 --> 00:16:56,360
here at seventy two thirty six,
and then we're going to have to look

217
00:16:56,399 --> 00:17:02,200
at a higher time frame exhaustion from
this higher time frame move up here at

218
00:17:02,320 --> 00:17:07,000
ninety twenty seven, and those exhaustion
levels will come in around seventy forty two

219
00:17:07,160 --> 00:17:11,240
to sixty nine to ninety one,
and then lower levels down here at sixty

220
00:17:11,279 --> 00:17:18,799
eight fifty four or sixty seven ninety
Okay, all right, and just one

221
00:17:18,200 --> 00:17:25,319
other thing. Just you can see
here this whole formation up here is a

222
00:17:25,359 --> 00:17:30,279
significant topping formation. So we broke
below that, we sawnce move down here.

223
00:17:30,519 --> 00:17:33,839
We've corrected a bit, so this
could be way more than the three

224
00:17:33,839 --> 00:17:36,759
and a half. Also, this
could be a whole bearra structure that could

225
00:17:36,799 --> 00:17:41,279
dig even deep, so we'll have
to see. One last thing to say

226
00:17:41,359 --> 00:17:44,119
is if we were to come back
up and take this line out here,

227
00:17:44,279 --> 00:17:48,240
this higher line which is going to
move up, and just say we show

228
00:17:48,240 --> 00:17:52,279
it stay where it is right now, that higher line comes in at eighty

229
00:17:52,319 --> 00:18:00,319
one ninety tomorrow, will come in
around eighty one ninety six. It moves

230
00:18:00,400 --> 00:18:03,640
up about six cents a day.
If we were to break back above that

231
00:18:03,759 --> 00:18:07,200
line decently, then that would want
a run for the Highes again, all

232
00:18:07,200 --> 00:18:11,319
little bit back up at ninety twenty
seven. So that is definitely the level

233
00:18:11,319 --> 00:18:15,720
I would be paying attention to when
I use the term decent. That's not

234
00:18:15,880 --> 00:18:22,680
some kind of weird phrase. Decent
is my terminology for a very specific volatility

235
00:18:22,720 --> 00:18:26,759
adjusted stop. Today it just happens
to be one hundred and one ticks or

236
00:18:26,799 --> 00:18:33,079
a dollar in one set, but
that changes from day to day. Okay,

237
00:18:33,839 --> 00:18:36,799
all right, you want to look
at that, you asked, do

238
00:18:36,880 --> 00:18:38,880
you have any questions on that?
No? I think we're good on that.

239
00:18:40,920 --> 00:18:45,839
So we can look for lower prices
there, and you know you think

240
00:18:45,920 --> 00:18:49,839
at some point it's going higher here
or what you out? Well, there's

241
00:18:49,960 --> 00:18:53,240
glue all that line. I'll just
give you the short term line right here.

242
00:18:53,759 --> 00:18:57,359
Let me just h that's one more
point I should make the short term

243
00:18:57,400 --> 00:19:00,799
line that I talked about right here. Yeah, well, let me pull

244
00:19:00,839 --> 00:19:07,680
it back up here. This line
comes in at seventy six seventeen from two

245
00:19:07,680 --> 00:19:11,880
o'clock to three o'clock Eastern Standard time
today, it increases by one point seven

246
00:19:11,920 --> 00:19:15,680
ticks per hour, or you could
just say two ticks or two cents or

247
00:19:15,720 --> 00:19:18,119
whatever you want. If we were
to break back above that decently, that

248
00:19:18,160 --> 00:19:25,640
would warned a run right back up
to seventy nine sixty right. If we

249
00:19:25,720 --> 00:19:30,559
take out this upper level up there, that warns much more substantial back up

250
00:19:30,559 --> 00:19:33,839
to the ninety two to sixty nine
level. That would be about twelve dollars.

251
00:19:34,240 --> 00:19:37,839
But right now we're bearish right here. You could be short with the

252
00:19:37,960 --> 00:19:41,680
very tight risk of about a dollar
fifty and you'd be looking for at least

253
00:19:41,680 --> 00:19:45,359
three dollars to the down side and
a good deal more probably. Okay,

254
00:19:45,839 --> 00:19:51,000
all right onwards an up words here. That's good. So natural gas,

255
00:19:52,000 --> 00:19:56,839
the winter building being down to a
lower timeframe again, you have you been

256
00:19:56,119 --> 00:20:02,079
doing too good lately? Huh?
We've been waiting for a breakout and nada.

257
00:20:02,920 --> 00:20:07,000
Well, I've been barishing the natural
gas for quite a bit. Let

258
00:20:07,000 --> 00:20:11,599
me pull that up here real quick. So in the natural I said the

259
00:20:11,640 --> 00:20:15,519
trade below eighty eight twenty eighty,
I've bembarised since eight twenty eighty, and

260
00:20:15,559 --> 00:20:19,000
we're trading two eighty right now,
so I've be embarrassed from eight twenty eighty.

261
00:20:19,000 --> 00:20:22,720
I wanted pressure we've seen six dollars
and twenty six cents to the downside,

262
00:20:22,759 --> 00:20:29,400
and there and then the tree below
seven eighteen eighty also brought in five

263
00:20:29,440 --> 00:20:33,440
dollars and twenty four cents. We
left the bearish formation above again and here

264
00:20:33,759 --> 00:20:37,000
and then the tree below five thirteen
to four ninety nine to thirty projected this

265
00:20:37,119 --> 00:20:42,160
downward two dollars and twenty seven minimum
three seven plus maximum. We've seen three

266
00:20:42,200 --> 00:20:47,279
dollars of that so far, so
some major projections to the downside. More

267
00:20:47,319 --> 00:20:49,640
recently, the break below three forty
six ninety is brought in seven hundred and

268
00:20:49,680 --> 00:20:55,920
nine ticks pressure. And as we
came down here we broken below a major

269
00:20:56,000 --> 00:20:59,200
formation up here. We've really been
coming off from there. We held exhaustion

270
00:20:59,319 --> 00:21:02,279
levels here, bounced a bit,
another one here bounced a bit, but

271
00:21:02,440 --> 00:21:07,920
couldn't generate a bullish correction, and
we're still heading lower. The next exhaustion

272
00:21:07,000 --> 00:21:11,839
level below is two fifty seventy.
If we were to break above this formation

273
00:21:11,960 --> 00:21:15,279
coming in right at above, which
comes in at two eighty five fifty minus

274
00:21:15,319 --> 00:21:19,920
two per hour starting at two o'clock
PM, a decent break above there would

275
00:21:19,920 --> 00:21:25,079
project this upward just you know,
one hundred and fifty ticks minimum. It's

276
00:21:25,119 --> 00:21:29,799
not a very major formation, but
it could generate into a higher timeframe bullish

277
00:21:29,839 --> 00:21:33,160
correction which could be substantial. We
have to see if we were to get

278
00:21:33,200 --> 00:21:37,319
back above these levels up in here
around the three forty five to three fifty

279
00:21:37,359 --> 00:21:42,359
area, then that would probably bring
in straight up to the three eighty six

280
00:21:42,519 --> 00:21:45,720
levels. And let me just zoom
out for a second here on a daily

281
00:21:45,839 --> 00:21:48,960
chart. This is the sixty minute
try. I'm going to go to daily

282
00:21:48,039 --> 00:21:51,960
chart right here and just zoom out
with you for a minute. Here.

283
00:21:52,920 --> 00:21:57,759
This is Each one of these bars
represents the day's trading activity. So you

284
00:21:57,799 --> 00:22:02,160
can see here we came up and
we started this whole new bear trend in

285
00:22:02,279 --> 00:22:04,960
here. So we've been in the
sparas slide for quite a while. We

286
00:22:06,039 --> 00:22:10,160
had a long sideways period and here
that it looked like this might be a

287
00:22:10,240 --> 00:22:12,920
base, but then we just cracked
down below it and really came down in

288
00:22:14,000 --> 00:22:18,200
here. So it's not the best
thing for natural gas because for a trader's

289
00:22:18,240 --> 00:22:21,839
perspective anyway, because usually when you
get down on these levels, your volatility

290
00:22:22,559 --> 00:22:26,599
becomes a lot lower. Unless we
were to see some big new spike to

291
00:22:26,680 --> 00:22:30,480
the upside. We'd have to see
do you have any questions? Done that

292
00:22:30,559 --> 00:22:34,960
before I move? Yeah? Keep
going. Okay, you want to take

293
00:22:36,000 --> 00:22:38,519
a look at the s and P
five hundred next? Okay, no,

294
00:22:38,680 --> 00:22:42,279
good, Okay, wait, we
did the SMB first. I'm sorry,

295
00:22:42,319 --> 00:22:48,400
excuse me? Yeah, yeah,
let's do Gold all right? Gold?

296
00:22:48,880 --> 00:22:51,599
All right, So Gold, I'm
gonna really come out at a really high

297
00:22:51,680 --> 00:22:59,319
time frame for everybody watching. This
is a weekly time frome. Sorry,

298
00:22:59,359 --> 00:23:02,559
that's not the right chart. Bear
with me a moment. Okay, So

299
00:23:02,720 --> 00:23:06,160
this is a more significant chart.
I want to give you some perspective.

300
00:23:06,240 --> 00:23:11,039
You're in a much higher level because
there are you know where, really at

301
00:23:11,079 --> 00:23:15,119
some critical levels in the ear you
some of this stuff here, right,

302
00:23:15,680 --> 00:23:19,839
So Gold, I caught you at
eight sixteen eighteen at the break above eleven

303
00:23:19,920 --> 00:23:23,039
seventy nine, warned of renewed strength. We've seen nine hundred and five and

304
00:23:23,119 --> 00:23:30,279
outs through that, and then the
break above thirteen forty seven projected this separate

305
00:23:30,319 --> 00:23:33,640
eighty minimum three hundred and twenty plus
maximum. We saw seven hundred and forty

306
00:23:33,640 --> 00:23:37,440
four of that. Now, this
sentence has literally been updated every day since

307
00:23:37,759 --> 00:23:41,680
August sixteenth, twenty eighteen. Why
am I bringing it up because that's when

308
00:23:41,680 --> 00:23:45,039
I first kept bullush right in here, and then the brook of this basing

309
00:23:45,160 --> 00:23:51,599
formation, which basically substantiated that this
part of it was the beginning of a

310
00:23:51,720 --> 00:23:56,880
bull trend. Right So we've seen
one, two, three, four,

311
00:23:56,400 --> 00:24:02,039
and now five the likely last stretch
in this bull trend up into here.

312
00:24:02,599 --> 00:24:07,839
So up in here we have to
look at the possibilities of exhaustion levels.

313
00:24:07,880 --> 00:24:11,839
I don't have them drawn on here
right now. If we'll hold an exhaustion

314
00:24:11,000 --> 00:24:15,240
level up there and really fail back
down through all these areas, we could

315
00:24:15,319 --> 00:24:21,000
see a much larger bearish projection of
correction than these currently right now, though

316
00:24:22,000 --> 00:24:26,759
we have broken back above this major
to line. Sorry I'm moving this around

317
00:24:26,759 --> 00:24:30,599
a little bit, and that comes
in at two O five seventy three to

318
00:24:30,720 --> 00:24:34,480
two O five excuse me, twenty
fifty seven thirty to twenty fifty seven to

319
00:24:34,519 --> 00:24:40,519
ten. So that warns a higher
trade right now. If we fail back

320
00:24:40,559 --> 00:24:45,359
down through that solidly, that will
negate the bullishness above it. Solid today

321
00:24:45,400 --> 00:24:48,799
happens to be eight dollars and ten
cents, I mean lower time. I

322
00:24:48,920 --> 00:24:52,119
just wanted to show you that all
because that's just a higher tire frame perspective

323
00:24:52,720 --> 00:24:57,319
where we are structurally in OK.
Now, you know, two things could

324
00:24:57,319 --> 00:25:02,039
happen. We can since this is
con realidated here for quite a while after

325
00:25:02,119 --> 00:25:06,480
a big road up right, we
could see another significant run up into the

326
00:25:06,599 --> 00:25:10,240
last stretch. That's a possibility.
But if we break above all this stuff,

327
00:25:10,240 --> 00:25:11,799
it really make some damage back down
into it. We could see a

328
00:25:11,880 --> 00:25:17,400
drop right back down to these lower
levels here. And so I'm not trying

329
00:25:17,440 --> 00:25:19,880
to talk duplicitly out of my mouth, but either sides, I'm just trying

330
00:25:19,920 --> 00:25:23,680
to say the datst level, these
general levels right here are very important to

331
00:25:23,839 --> 00:25:30,359
understand and watch what the market does
around them, because that will dictate what

332
00:25:30,480 --> 00:25:36,559
the market does for the next you
know, significant amount. This is the

333
00:25:36,680 --> 00:25:41,559
longest gold has stayed over two thousand, isn't it Yep? For quite a

334
00:25:41,599 --> 00:25:45,839
while yep. So that in itself
is potential bullish indicator. Yeah, but

335
00:25:47,200 --> 00:25:48,559
like I said, I think we're
in the last stretch. If this moved

336
00:25:48,680 --> 00:25:53,839
up so that that can mean do
a couple of quick calculations right here,

337
00:25:56,559 --> 00:26:03,160
and that would leave the first exhaustion
level would be up two and twenty two

338
00:26:03,279 --> 00:26:07,680
to two thousand and two hundred and
sixty three it ounce, and then the

339
00:26:07,759 --> 00:26:11,680
next level up above that will be
around two thousand and three hundred and eighty

340
00:26:11,720 --> 00:26:15,799
seven ounce. And then to go
down to some lower time frame. Little

341
00:26:18,400 --> 00:26:22,599
the lower timeframe picture, excuse me, okay, So in a lower time

342
00:26:22,640 --> 00:26:26,799
frame, I warned down ten six
of strainths and we left a moderate polish

343
00:26:26,880 --> 00:26:33,440
reversal below. I update these,
like I said every day from inception that

344
00:26:33,599 --> 00:26:37,839
was holding these lows back down.
And here we have the major exhaustion level

345
00:26:37,880 --> 00:26:40,880
right here. We've got the bullish
reversal. Then we broke above. A

346
00:26:41,039 --> 00:26:44,559
macro formation right here, which I'll
talk about in a minute, came up

347
00:26:44,640 --> 00:26:48,759
and here I got bearish here,
bearish here, bearish here. That all

348
00:26:48,799 --> 00:26:52,160
turned around in here, and then
bullish above this and pullish above here,

349
00:26:52,240 --> 00:26:56,079
and now we're running to the upside. I'm just fitting recapped that a little

350
00:26:56,119 --> 00:26:59,519
bit. So I said, a
ten to sixty water strain, we've seen

351
00:26:59,519 --> 00:27:04,039
two hundred twenty seven higher from the
eighteen forty five to twenty ten six close.

352
00:27:04,359 --> 00:27:07,720
Then I said, the trade above
nineteen forty ninety projects us up for

353
00:27:07,799 --> 00:27:12,079
twenty two minimum one hundred and four
plus maximum. We've attained one hundred and

354
00:27:12,160 --> 00:27:15,799
thirty one point eight of that so
far attaining that. By the way,

355
00:27:15,920 --> 00:27:19,079
when I say one hundred and four
plus maximum, people say, well,

356
00:27:19,119 --> 00:27:22,160
what does that mean? One hundred
and four plus maxim some formations of a

357
00:27:22,240 --> 00:27:27,960
minimum projection and a quote maximum projection. But if the market is trending in

358
00:27:29,079 --> 00:27:33,559
that direction, obviously you can see
far more than the maxiwem the market is

359
00:27:33,640 --> 00:27:37,200
currently trending in this direction. That
is why we've seen more than the maximum,

360
00:27:37,319 --> 00:27:41,000
and that's why I say one hundred
and four plus maximum if that makes

361
00:27:41,039 --> 00:27:44,359
sense. Yeah, total total,
I get it. So, yeah,

362
00:27:44,400 --> 00:27:48,400
we're right up near these really ikey
levels. If we fell back down through

363
00:27:48,519 --> 00:27:52,079
that level I was talking about earlier
solidly, that'll warrant a pressure again.

364
00:27:52,400 --> 00:27:56,119
Let me just take another look at
this and then very short term, we

365
00:27:56,200 --> 00:28:00,440
got some tech little formations right here
here. This formation right above comes in

366
00:28:00,480 --> 00:28:06,720
at two six fifty two gives me
twenty Look me, I'm sorry, We'll

367
00:28:06,720 --> 00:28:08,480
were around too many more. Gets
here. The problem I gotta get by

368
00:28:08,559 --> 00:28:18,720
ready dobcat twenty sixty five even minus
two per hour starting at one thirty PM,

369
00:28:18,480 --> 00:28:22,400
So now two thirty so that's going
to come down two points, but

370
00:28:22,880 --> 00:28:25,319
decent break above there, I'll just
project this up. We're you know,

371
00:28:25,720 --> 00:28:30,160
ten dollars fifteen dollars. If we
break below this formation down below, that's

372
00:28:30,200 --> 00:28:34,960
a more substantial formation, and this
could really have some uh some down not

373
00:28:36,279 --> 00:28:44,440
very substantial, but to the tune
of stee here got it. So you

374
00:28:44,519 --> 00:28:48,000
can see forty two dollars to the
down side below there that comes in at

375
00:28:49,200 --> 00:28:53,240
well, this redrow this at two
thirty, that's going to come in at

376
00:28:53,839 --> 00:28:59,759
twenty forty to forty plus two point
seven per hour. A decent break below

377
00:28:59,799 --> 00:29:03,559
there, decent break is going to
be around seven dollars. You get a

378
00:29:03,640 --> 00:29:07,599
risk seven dollars back above it.
A decent break below they're probably project this

379
00:29:07,680 --> 00:29:11,240
doat what about forty two dollars minimum. If we were to break below that

380
00:29:11,359 --> 00:29:14,200
decently and back up through it decently, that would be an excellent opportunity to

381
00:29:14,240 --> 00:29:15,519
get long, and then I would
look for the market to run right back

382
00:29:15,599 --> 00:29:18,400
up, take these highs out and
keep on going. All right, all

383
00:29:18,480 --> 00:29:22,480
right, all right, I like
it. All right On to bitcoin.

384
00:29:22,839 --> 00:29:26,480
That was good. The moment you've
all been waiting for. You get a

385
00:29:26,519 --> 00:29:30,759
lot of bitcoin years. It just
oh yeah, oh really that's interesting okay,

386
00:29:30,279 --> 00:29:33,960
so we bitcoins. Well then all
right, so then I'm just going

387
00:29:34,000 --> 00:29:38,599
to go to a higher time train
for well your bitcoin advocates out there.

388
00:29:40,000 --> 00:29:45,680
This is my This is a chart
that basically has all the calls, a

389
00:29:45,759 --> 00:29:48,319
lot of the lines that made calls
on over the past couple of years.

390
00:29:48,680 --> 00:29:52,640
I started analyzing the big quarterback,
I guess back in December of two thousand

391
00:29:52,640 --> 00:29:59,359
and twenty. But we've made a
lot. Forget, don't worry about all

392
00:29:59,359 --> 00:30:02,119
these lines. I know they look
ridiculous. This is just biol analysis,

393
00:30:02,160 --> 00:30:04,880
so that these are just saved.
We just had this long bear structure now

394
00:30:04,960 --> 00:30:08,079
in here, we started a new
bull structure up. We had a bearish

395
00:30:08,119 --> 00:30:11,119
correction against it, and we're in
the midst of the new bull structure to

396
00:30:11,160 --> 00:30:15,160
the outside. So let me get
rid of this so it doesn't give you

397
00:30:15,200 --> 00:30:18,160
any headaches, and we'll drill down
to the lower time frame. This is

398
00:30:18,200 --> 00:30:25,559
now a sixty minute chart. Again, all these lines are from pass calls

399
00:30:25,599 --> 00:30:30,680
that I've laid right, let me
give you a little bit of higher timeframe.

400
00:30:30,240 --> 00:30:33,839
So again, this looks like a
lot of writing, right, but

401
00:30:33,920 --> 00:30:37,119
you'll notice that this part of the
paragraph is all on hold. You'll notice

402
00:30:37,160 --> 00:30:42,039
that this part of this paragraph is
all on hold, and only this part

403
00:30:42,079 --> 00:30:48,119
of the paragraph is live. Why
are the hold That's because I do.

404
00:30:48,440 --> 00:30:52,960
Each of the markets that I analyze, I analyzed from a hedge a hedge

405
00:30:52,000 --> 00:30:57,599
fund perspective, so I analyze from
higher time frame down to medium time frame,

406
00:30:57,680 --> 00:31:02,200
down to lower time frame. So, for example, I said here

407
00:31:02,319 --> 00:31:07,640
the rollover on eleven ten twenty one
put this in a bearish trend. I

408
00:31:07,759 --> 00:31:11,480
warned the sell off should see thirteen
thousand dollars per corning from the high of

409
00:31:11,599 --> 00:31:15,759
sixty nine to three fifty five.
We saw fifty four thousand, and four

410
00:31:15,839 --> 00:31:19,039
hundred and thirty of this, So
that means that this sentence has been updated

411
00:31:19,160 --> 00:31:26,279
every day since November tenth of twenty
twenty one. And then they had various

412
00:31:26,359 --> 00:31:30,559
other bearish projections to the donata side. Then those were all put on hold,

413
00:31:30,279 --> 00:31:33,200
and I said, the break back
above sixteen thousand, two hundred and

414
00:31:33,240 --> 00:31:38,319
seventy five was bullish. That brought
in twenty three thousand and eighty five a

415
00:31:38,440 --> 00:31:45,039
strength. Then we rolled into a
lower time frame bearish correction, which i'd

416
00:31:45,079 --> 00:31:48,880
no lower talk about in here because
it was all accomplished in whatever And then

417
00:31:48,960 --> 00:31:52,559
I said that the trade back above
twenty five thousand, three undred thirty five

418
00:31:52,640 --> 00:31:56,839
to five eighty five signaled we put
in put in a low and are in

419
00:31:56,960 --> 00:32:00,440
a bullish trend. So we've seen
thirteen thousand, seven, one hundred and

420
00:32:00,519 --> 00:32:02,839
seventy five of that so far.
And you'll notice I had a couple other

421
00:32:04,200 --> 00:32:07,079
a number of other bullsh projections in
here, and I said that these are

422
00:32:07,119 --> 00:32:14,839
off hold. Okay, So these
lines all represented different formations that we've broken

423
00:32:14,920 --> 00:32:19,680
above and had different projections upward here
and here and here right now, we're

424
00:32:19,720 --> 00:32:23,960
in this consolidation phase right now.
So down to the very nitty gritty as

425
00:32:24,039 --> 00:32:29,599
of two o'clock from two o'clock to
four o'clock or two o'clock to three o'clock,

426
00:32:30,279 --> 00:32:34,240
we have a couple of different formations. This formation right above comes in

427
00:32:34,319 --> 00:32:38,799
at thirty eight nine thirty four ve
spot per hour starting at two o'clock PM

428
00:32:38,839 --> 00:32:45,079
Eastern Standard time. Decent break above
there will warn of decent strength, not

429
00:32:45,319 --> 00:32:49,480
very significant to kind of a small
formation decent today with six hundred and twenty

430
00:32:49,559 --> 00:32:54,519
five. This formation above is a
more significant formation that comes in at twenty

431
00:32:54,640 --> 00:33:00,799
nine to two thirty three thirty nine
two thirty three plus two per hour starting

432
00:33:00,839 --> 00:33:04,640
at two o'clock PM Eastern state of
time. And if we fail back below

433
00:33:04,720 --> 00:33:10,400
this lower formation that's going to commit
at thirty eight one eighty five plus fourteen

434
00:33:10,440 --> 00:33:15,680
per hour, that's going to want
a pressure for maybe one thousand dollars According

435
00:33:15,720 --> 00:33:17,480
twelve hundred dollars A Corp. These
aren't like big formations right there. I'm

436
00:33:17,480 --> 00:33:22,160
just talking very short term. If
we break down below this formation right here,

437
00:33:22,240 --> 00:33:24,720
though, that is a little bit
more substantial, that's going to commit

438
00:33:24,799 --> 00:33:31,440
at thirty six six nine plus five
hour starting at two o'clock PM, that

439
00:33:31,519 --> 00:33:37,920
would project this downward thirty two hundred
coring plus. If we were to break

440
00:33:37,960 --> 00:33:39,720
below there decently and back up through
it decently, that would be an excellent

441
00:33:39,759 --> 00:33:44,559
opportunity to get long because at that
point you will have broken below at Barris

442
00:33:44,640 --> 00:33:47,759
formation, failed to break down and
broke the back above it. That should

443
00:33:47,759 --> 00:33:52,200
propel us right back up towards these
highs and beyond. That could also be

444
00:33:52,200 --> 00:33:54,599
an opportunity to broke below there and
came back above. You can get in

445
00:33:54,720 --> 00:33:59,519
there. Then when we broke back
above these other lines, you can move

446
00:33:59,559 --> 00:34:01,759
your stop up where he stops up
and then this thing can really take off.

447
00:34:02,680 --> 00:34:07,239
And just backing up, sorry me, we get a cleaner chart here

448
00:34:07,280 --> 00:34:10,159
for you to look at for a
second. Just a reminder. This was

449
00:34:10,199 --> 00:34:15,800
a full structure right here, followed
by a bear structure that was completed,

450
00:34:15,960 --> 00:34:17,960
and this I believe is a we're
in the midst of the new bowl structure.

451
00:34:19,039 --> 00:34:22,280
So I still think in general this
has a lot of potential to the

452
00:34:22,360 --> 00:34:25,599
upside, regardless of whether we pull
back and consolidate or do what that do

453
00:34:25,719 --> 00:34:30,800
whatever. Also, just you know, I said when we came down through

454
00:34:30,880 --> 00:34:37,559
all this stuff back in May at
twenty twenty two, especially when we failed

455
00:34:37,559 --> 00:34:39,719
back back below all these levels,
that was pretty bearish. We came down,

456
00:34:39,800 --> 00:34:43,280
we dribbled all the way down into
here, and then I said,

457
00:34:43,320 --> 00:34:45,800
if we got back above these levels, that was a sign of strength.

458
00:34:45,840 --> 00:34:49,159
And we've held above there and then
these next levels right up in here,

459
00:34:49,880 --> 00:34:53,039
we've taken all this stuff out.
So these are structural things that show strength

460
00:34:53,079 --> 00:34:58,599
in the market, a good potential
in general to the upside. You got

461
00:34:58,639 --> 00:35:02,280
any questions on that? So if
we go high or how high do you

462
00:35:02,320 --> 00:35:06,559
think it can go? Well,
I don't have a specific projection right here.

463
00:35:07,239 --> 00:35:12,000
Usually I go off of what are
quote projections, which are also different

464
00:35:12,320 --> 00:35:17,559
measured formations in general. Since a
second here, let's just say that this

465
00:35:17,719 --> 00:35:23,559
formation right here, this structure right
was eighty six two hundred from there see

466
00:35:23,559 --> 00:35:30,079
that to the upside minimum up in
here to forty one nine fifty. But

467
00:35:30,199 --> 00:35:32,719
I don't really have any specific projections. We could talk about that on the

468
00:35:32,800 --> 00:35:37,639
next show and whatever come back on
if I see other things I can tell

469
00:35:37,639 --> 00:35:43,039
you about. But one things I
would just lead with maybe some of your

470
00:35:43,159 --> 00:35:52,079
viewers is probably one of the most
classic mistakes that I see of quote investors

471
00:35:52,679 --> 00:35:55,760
is let's say they have a run
up here and then it starts going against

472
00:35:55,840 --> 00:35:59,679
them. They'll hold on to it. They'll hold on to it, They'll

473
00:35:59,719 --> 00:36:01,400
hold that it's going to turn back
to the upside, and it keeps on

474
00:36:01,559 --> 00:36:05,039
going down. And the worst thing
that can happen to then is that actually

475
00:36:05,119 --> 00:36:08,119
does go in their faith, because
essentially what they're doing is they're averaging down

476
00:36:08,159 --> 00:36:12,800
against themselves. Because you have no
idea how low a market can go,

477
00:36:13,360 --> 00:36:17,000
which if better or off getting out
of the market when it breaks below a

478
00:36:17,119 --> 00:36:22,320
formation that an analyst can give you
at least a competent analyst and then take

479
00:36:22,400 --> 00:36:25,079
shots on getting along again and paying
for the trades, and taking a number

480
00:36:25,119 --> 00:36:29,840
of shots all the way down trying
to catch your bounce. That will cost

481
00:36:29,920 --> 00:36:31,880
you far less on the way down. And you can even make money on

482
00:36:31,960 --> 00:36:37,159
the way down. That'll cost you
far less than just holding a position and

483
00:36:37,320 --> 00:36:38,800
hoping as it goes all the way
against you. And I just want to

484
00:36:38,840 --> 00:36:44,079
give you one classic example of what
I'm talking about, so this can be

485
00:36:44,239 --> 00:36:47,480
seared into everybody's heads, is if
you remember this example that I'm about to

486
00:36:47,519 --> 00:36:53,760
give you and remember it, it
can save you catastrophic losses in the future.

487
00:36:54,360 --> 00:36:58,000
One of the things about being an
analyst for thirty years is I've seen

488
00:36:58,159 --> 00:37:01,320
pretty much anything in the mark you
could throw you that that's been throw to

489
00:37:01,360 --> 00:37:07,119
you over these fast years. And
this is the crude oil. And when

490
00:37:07,199 --> 00:37:12,000
I was analyzing this, this is
the adjusted daily continuation truck. Let me

491
00:37:12,119 --> 00:37:14,159
let me take it off of that
for a second, just to make a

492
00:37:14,239 --> 00:37:17,920
quick point. So when I was
analyzing this, I have big embarrassed projections

493
00:37:17,960 --> 00:37:22,079
in here and calling the market for
about forty dollars to the damn side.

494
00:37:22,320 --> 00:37:24,320
Now I want to tell you that
when it got down into here, it

495
00:37:24,360 --> 00:37:30,079
got really ugly, okay. And
never at any point did I say this

496
00:37:30,280 --> 00:37:35,320
market is quote over sold. The
reason why I'd never say that something is

497
00:37:35,639 --> 00:37:39,199
over sold or overbought, Okay,
I mean, I know that we need

498
00:37:39,280 --> 00:37:45,440
to use that terminology in certain situations, in a certain perspective. But never

499
00:37:45,559 --> 00:37:47,239
at one time on the way down
here, did I say this is just

500
00:37:47,360 --> 00:37:51,320
too cheap, you got to buy
it. Okay. Now, what I

501
00:37:51,440 --> 00:37:55,039
mean by that is, nobody ever
thought that crude oil see this warzonal line

502
00:37:55,079 --> 00:37:59,800
I have here, that's zero.
Nobody ever thought the crude oil could go

503
00:37:59,840 --> 00:38:04,760
to negative per barro, of course, but the valuation of this in one

504
00:38:04,880 --> 00:38:08,880
day went from zero dollars a barrow
down to negative forty dollars a borrow.

505
00:38:09,400 --> 00:38:14,800
That's forty thousand dollars per contract.
Let alone, if you bought it at

506
00:38:14,880 --> 00:38:16,760
ten dollars above there and thought it
was a great deal, that'd be fifty

507
00:38:16,800 --> 00:38:21,760
grand a contract. Anybody, unless
you had a very small position that could

508
00:38:21,800 --> 00:38:27,880
have gotten blown out of their entire
portfolio on a situation like this, Okay.

509
00:38:28,480 --> 00:38:32,679
And I could show you other examples
in natural gas in the past where

510
00:38:32,719 --> 00:38:37,559
we've had insane moves, and nobody
ever thought was a was quote possible,

511
00:38:37,880 --> 00:38:42,320
right, these kind of moves that
you've seen here where I came in and

512
00:38:42,400 --> 00:38:45,400
the market was double limit up overnight. For those of you that don't know

513
00:38:45,440 --> 00:38:47,840
what live it up means in natural
gas, at the time, it was

514
00:38:47,920 --> 00:38:52,719
seven hundred ticks or seven thousand dollars
of contract. They for the people running

515
00:38:52,760 --> 00:39:00,360
the overnight forgot to trip the trigger
that stops the market. So the exchange's

516
00:39:00,440 --> 00:39:05,639
decided to double the limit up,
and it opened double limit up overnight fourteen

517
00:39:05,719 --> 00:39:09,320
hundred ticks. That's fourteen thousand dollars
per contract, and a number of traders

518
00:39:09,440 --> 00:39:13,199
just blew out that day, and
one guy knew lost four and a half

519
00:39:13,239 --> 00:39:15,480
million dollars that day and by afternoon
if you just held, if you would

520
00:39:15,480 --> 00:39:17,760
have been able to hang on to
his position, would have made half of

521
00:39:17,840 --> 00:39:21,840
it back. But that's just the
point. Wasn't able to get out of

522
00:39:21,880 --> 00:39:25,159
it and didn't have any protection against
it. So I'll make this point to

523
00:39:25,199 --> 00:39:30,840
say that in big moves, if
we're going back to the bitcoin, let

524
00:39:30,880 --> 00:39:34,480
me just pull that beck Ou real
quick. Get back to her what we

525
00:39:34,559 --> 00:39:37,880
were talking about. So I hope
I didn't in bitcoin on the way down

526
00:39:37,960 --> 00:39:42,360
here, if you were a long
bitcoin you could have called a nice ride.

527
00:39:42,920 --> 00:39:45,119
And then if you have somebody,
whether it's me or somebody else,

528
00:39:45,199 --> 00:39:49,760
whatever, somebody who's competing in the
market, understands what they're doing it having

529
00:39:49,840 --> 00:39:52,239
bearished calls. You don't have to
just hold the bitcoin and wait till it

530
00:39:52,280 --> 00:39:55,119
goes up. You can make money
on the way down and then get long

531
00:39:55,199 --> 00:39:59,599
at it, get long at different
levels on you know, down lower to

532
00:39:59,679 --> 00:40:01,480
ride it back up. Sure,
What job job want to do is just

533
00:40:01,639 --> 00:40:05,960
buy something and hold on to it
so it goes way against you, and

534
00:40:06,079 --> 00:40:08,400
then be telling all your friends when
it goes back into your favor how smart

535
00:40:08,440 --> 00:40:13,679
you will. Okay, because that
is a recipe for disaster, because just

536
00:40:13,760 --> 00:40:16,920
like I showed you in the crude, you never know how far this market

537
00:40:17,039 --> 00:40:20,440
is going to go against you.
You know, though, there's a lot

538
00:40:20,480 --> 00:40:24,360
of market sayings out there that I
think are nonsense. One market saying that

539
00:40:24,559 --> 00:40:30,480
I think is true is the markets
can stay irrational. The markets can stay

540
00:40:30,599 --> 00:40:37,960
irrational far longer, right, all
right? I think that. Just tell

541
00:40:38,079 --> 00:40:42,320
us again where we find your work, how we connect with you on the

542
00:40:42,360 --> 00:40:45,639
web, your Mike, Okay,
just put it right up there. More

543
00:40:45,639 --> 00:40:51,280
Analytics go to more analytics dot com. If you are interested in getting a

544
00:40:51,639 --> 00:40:54,360
free trial of any of the markets
that I treat, just give me a

545
00:40:54,440 --> 00:40:57,920
call on my phone right there and
I'll set you up with a free trial.

546
00:40:58,360 --> 00:41:04,039
It's not listed on the website because
of issues. Were website all right?

547
00:41:04,360 --> 00:41:07,480
Excellent? You'll find the link in
the show notes to this interview on

548
00:41:07,639 --> 00:41:12,400
Financial Survival Network dot com. Got
a question for Mike or myself, shoot

549
00:41:12,400 --> 00:41:16,840
me an email kl atcarrielots dot com. And while you're at the site to

550
00:41:17,679 --> 00:41:21,679
just go sign up for your free
newsletter. Mike. We'll talk to you

551
00:41:21,719 --> 00:41:23,480
again real soon. Thanks for stopping
by, Harry. It was a great

552
00:41:23,480 --> 00:41:27,079
honor. Thank you very much,
sir, I appreciate it. Thanks for

553
00:41:27,199 --> 00:41:32,400
listening to Carrie Letz's Financial Survival Network, your solution to today's trying times.

554
00:41:32,760 --> 00:41:38,800
For the latest, go to Financial
Survivalnetwork dot com. Financial Survival Network now

555
00:41:39,320 --> 00:41:40,119
more than ever,