Skip to Content
Last modified by Drunk Monkey on 2025-09-27 14:14
Show last authors
1 (% class="hover min" %)
2 |1 |00:00:00 ~-~-> 00:00:07 |ICT: Good morning, folks. How are you? So the brief little update as to what I
3 |2 |00:00:07 ~-~-> 00:00:12 |see, I have not been able to spend much time looking at price action over the
4 |3 |00:00:12 ~-~-> 00:00:19 |last few days. I had to family matter come up, my wife and I have to deal with
5 |4 |00:00:19 ~-~-> 00:00:26 |so with all that said, this is the NASDAQ is a daily chart, and if you
6 |5 |00:00:26 ~-~-> 00:00:29 |recall, check your notes, if you've been following along on x and all the
7 |6 |00:00:29 ~-~-> 00:00:34 |analysis and commentary I've been giving guidance for this specific index,
8 |7 |00:00:35 ~-~-> 00:00:39 |NASDAQ, I mentioned that we were looking for higher prices. We're continuously
9 |8 |00:00:39 ~-~-> 00:00:45 |looking for higher pricing, ignoring the natural tendency they want to pick a
10 |9 |00:00:45 ~-~-> 00:00:52 |top. If a top comes, we'll know it. But right now, it just keeps on trying to
11 |10 |00:00:52 ~-~-> 00:00:58 |reach higher. And want to show you again when price was down, here we're looking
12 |11 |00:00:58 ~-~-> 00:01:05 |at the likelihood of drawing up into this imbalance. This wicks consequent
13 |12 |00:01:05 ~-~-> 00:01:12 |encroachment, and then this Sibi here, ultimately drawing up to this high and
14 |13 |00:01:12 ~-~-> 00:01:17 |in all time highs, okay, so those are the levels that are salient to me that I
15 |14 |00:01:17 ~-~-> 00:01:20 |mentioned tonight, not just mentioning it the first time here, but it's been
16 |15 |00:01:20 ~-~-> 00:01:29 |drug out over top of about two months worth of data, and this wick, this
17 |16 |00:01:29 ~-~-> 00:01:33 |constant encroachment of that half of that wick, is what's being highlighted
18 |17 |00:01:33 ~-~-> 00:01:36 |here. Now if you look real close, it looks like it gets blurry. It's because
19 |18 |00:01:36 ~-~-> 00:01:40 |there's another level there. We'll see it in a moment. But I just want you to
20 |19 |00:01:40 ~-~-> 00:01:44 |see that there's a confluence of that occurring. So just before I drop down, I
21 |20 |00:01:44 ~-~-> 00:01:51 |want to make sure that this is going to show up on all time frames, and it looks
22 |21 |00:01:51 ~-~-> 00:01:56 |like we're good to go on that. Okay, all right, so today we have CPI number, and
23 |22 |00:01:56 ~-~-> 00:02:03 |tomorrow we have ppi and all kinds of stuff going on around the world. So it's
24 |23 |00:02:03 ~-~-> 00:02:08 |a Molotov cocktail. Basically, you should not be trying to trade
25 |24 |00:02:08 ~-~-> 00:02:12 |aggressively, as I mentioned on x. I just want to toss it in there right now
26 |25 |00:02:12 ~-~-> 00:02:20 |and just know that we're in the summer months with all kinds of volatile events
27 |26 |00:02:20 ~-~-> 00:02:25 |around us, both domestically, here in the States, which you know as a kind of
28 |27 |00:02:25 ~-~-> 00:02:31 |like a reminder and like a All Points Bulletin. If you are in a states, be
29 |28 |00:02:31 ~-~-> 00:02:35 |careful this weekend. Okay, there's a lot of things that some nefarious
30 |29 |00:02:35 ~-~-> 00:02:41 |individuals and entities are scheduling to run amok this weekend. So it looks
31 |30 |00:02:41 ~-~-> 00:02:46 |like rain. So bring your overall we have this buy some balance outside and
32 |31 |00:02:46 ~-~-> 00:02:57 |efficiency here on June 3, 2020, 2520 25 and then the market has reached up. Use
33 |32 |00:02:57 ~-~-> 00:03:02 |this down, close candles, opening price, which is changes the delivery my order
34 |33 |00:03:02 ~-~-> 00:03:12 |block. You can see that there and then we drew up into this wick, as I said, we
35 |34 |00:03:12 ~-~-> 00:03:19 |would do weeks and almost a month ago. Wicked so far, but look at all the
36 |35 |00:03:19 ~-~-> 00:03:25 |overlapping of these candlesticks in the previous day's ranges. So this is a lot
37 |36 |00:03:25 ~-~-> 00:03:34 |of time being spent in here. So my perspective is this, in brief, they're
38 |37 |00:03:34 ~-~-> 00:03:39 |trying to retail is trying to short this, and they just keep pressing it
39 |38 |00:03:39 ~-~-> 00:03:45 |higher, higher, higher. Okay, CPI, ppi, number may deliver us into this fair
40 |39 |00:03:45 ~-~-> 00:03:50 |value gap here. And I would be content with that if it was something that I was
41 |40 |00:03:50 ~-~-> 00:03:53 |in the market, if I was in there actively holding a position. I don't
42 |41 |00:03:53 ~-~-> 00:03:57 |have an open position right now, but I would be looking forward to trade up in
43 |42 |00:03:57 ~-~-> 00:04:00 |here. And if it did, I'd be content with moving to the sidelines and just
44 |43 |00:04:01 ~-~-> 00:04:06 |relaxing, okay, trying not to press too hard, because the climate we're in right
45 |44 |00:04:06 ~-~-> 00:04:12 |now is not conducive for low risk, but rather high probability of you being
46 |45 |00:04:12 ~-~-> 00:04:16 |incorrect. Okay, so professionals don't like to push the the edge in those kinds
47 |46 |00:04:16 ~-~-> 00:04:20 |of environments, because the only thing it does is it dulls your edge
48 |47 |00:04:21 ~-~-> 00:04:25 |needlessly. And this wick down here is constant encouragement. So it dropped
49 |48 |00:04:25 ~-~-> 00:04:29 |down in here, open there, and then rallied up. So we're gonna take this
50 |49 |00:04:29 ~-~-> 00:04:32 |information, drop Ollie down into a one minute chart, because it's already
51 |50 |00:04:32 ~-~-> 00:04:34 |getting too long in the tooth here.
52 |51 |00:04:40 ~-~-> 00:04:50 |And just remember that I did not add the levels on the talk about so let's go
53 |52 |00:04:50 ~-~-> 00:04:55 |back to that real quick. I know so unprofessional this guy. He says he's
54 |53 |00:04:56 ~-~-> 00:04:59 |been doing this for 33 years. He looked like he's doing it for the first time.
55 |54 |00:04:59 ~-~-> 00:05:04 |I. All right, so we're going to draw from this high up to this low. Okay, so
56 |55 |00:05:04 ~-~-> 00:05:05 |there's your
57 |56 |00:05:07 ~-~-> 00:05:07 |February, 24
58 |57 |00:05:09 ~-~-> 00:05:15 |2025 daily city. Okay, this candle sticks low to this candle sticks high
59 |58 |00:05:16 ~-~-> 00:05:22 |the fib levels in here. Watch these, these lines in here. See here's one
60 |59 |00:05:22 ~-~-> 00:05:29 |there, and then this one here, which is anchored to that, if I go to the FIB and
61 |60 |00:05:29 ~-~-> 00:05:40 |highlight the negative 0.5 level, that will take us right up into constant
62 |61 |00:05:40 ~-~-> 00:05:49 |correction that wick. Okay, so essentially, what is that? 981, even, or
63 |62 |00:05:49 ~-~-> 00:05:52 |thereabouts. So we'll see it when we get down lower time frames. So now we have
64 |63 |00:05:52 ~-~-> 00:05:57 |the quadrant levels in here, and that expansion boundary where it can trade
65 |64 |00:05:57 ~-~-> 00:06:02 |outside of that range of that city. It's basically the same principle I taught
66 |65 |00:06:02 ~-~-> 00:06:09 |with negative one and negative point five for the opening range gaps. Okay,
67 |66 |00:06:09 ~-~-> 00:06:15 |so that principle is universal, so it's half of and or a replication of a range.
68 |67 |00:06:16 ~-~-> 00:06:23 |Those are usually the the easiest go to D markers for when we're in a
69 |68 |00:06:23 ~-~-> 00:06:29 |consolidation, or a defined range of any kind, half of that range or one standard
70 |69 |00:06:29 ~-~-> 00:06:35 |deviation or full, basically a measured move type measurement of whatever that
71 |70 |00:06:35 ~-~-> 00:06:40 |range, high and low is, whatever it is, it's usually going to move outside of it
72 |71 |00:06:40 ~-~-> 00:06:44 |by half of its range, or one full measurement of its high to low range.
73 |72 |00:06:45 ~-~-> 00:06:49 |And again, if you watch any work on my opening range ideas, you'll know what
74 |73 |00:06:49 ~-~-> 00:06:54 |I'm talking about. So let's drop down now into the one minute chart in this
75 |74 |00:06:54 ~-~-> 00:07:00 |video. That's not supposed to be so long, all right, and then we'll crunch
76 |75 |00:07:00 ~-~-> 00:07:01 |this up.
77 |76 |00:07:06 ~-~-> 00:07:14 |And this is the business for where we may oops. I shouldn't have done that.
78 |77 |00:07:15 ~-~-> 00:07:22 |There you go. This is what I have here and see, by being organized with your
79 |78 |00:07:22 ~-~-> 00:07:26 |annotations, it'll tell you when you're in a lower timeframes, what this is, all
80 |79 |00:07:28 ~-~-> 00:07:35 |right, and then the lower quadrant on that February, 2420 25 you
81 |80 |00:07:46 ~-~-> 00:07:50 |it's Monday's trading. So we have the low of that daily saving on the 24th of
82 |81 |00:07:50 ~-~-> 00:07:55 |February. Notice we have not traded down there. We got down to the lowest
83 |82 |00:07:55 ~-~-> 00:08:00 |quadrant here, and then we traded down into that order block. Remember, look at
84 |83 |00:08:00 ~-~-> 00:08:05 |the daily chart, and you'll see what that level was right there. Okay, trade
85 |84 |00:08:05 ~-~-> 00:08:15 |up to the high of the 24th of February's city, and then back down to that order
86 |85 |00:08:15 ~-~-> 00:08:21 |block traded just outside of that range, that daily city, then back down into the
87 |86 |00:08:21 ~-~-> 00:08:29 |upper quadrant, then up to that negative 0.5 level, which is also the consequent
88 |87 |00:08:29 ~-~-> 00:08:39 |encroachment of that premium wick, and it's also negative 0.5 of The Daily
89 |88 |00:08:39 ~-~-> 00:08:44 |sippy on February 24 2025 now for someone new that already has your head
90 |89 |00:08:44 ~-~-> 00:08:47 |spinning, you have no idea what I'm talking about, but I promise you, if you
91 |90 |00:08:48 ~-~-> 00:08:51 |watch the video a few times, because right now, it's only been a couple
92 |91 |00:08:51 ~-~-> 00:08:54 |minutes, like eight minutes or so, you'll see what I'm talking about, how
93 |92 |00:08:54 ~-~-> 00:09:01 |these levels are converging, and it also takes out This little high here. So
94 |93 |00:09:01 ~-~-> 00:09:07 |notice that we've basically just used the levels I told you to watch on the
95 |94 |00:09:07 ~-~-> 00:09:11 |weekend before the weekend started trading and just reacted off of these
96 |95 |00:09:11 ~-~-> 00:09:16 |quadrant levels rather nicely consolidated around it, Judith swing,
97 |96 |00:09:16 ~-~-> 00:09:18 |pumped it up, dropped down.
98 |97 |00:09:19 ~-~-> 00:09:20 |Order block,
99 |98 |00:09:21 ~-~-> 00:09:29 |lowest quadrant of the February 2024, I'm saying 2024 I thought I said that
100 |99 |00:09:29 ~-~-> 00:09:35 |now I'm certain I may have stopped earlier, February 24 of 2025, daily
101 |100 |00:09:35 ~-~-> 00:09:39 |city. That's what these levels are. Marking these are, this is the
102 |101 |00:09:39 ~-~-> 00:09:44 |consequent cursor and midpoint of it, upper quadrant and the high of it. So we
103 |102 |00:09:44 ~-~-> 00:09:49 |reached up into a convergence of consequent encroachment levels. Okay,
104 |103 |00:09:49 ~-~-> 00:09:55 |clustering there and now we're using the high this morning in London, of the
105 |104 |00:09:55 ~-~-> 00:10:03 |daily City on February 24 of 2025 and. Rally up, and I want to drop into the
106 |105 |00:10:08 ~-~-> 00:10:21 |right right now. And to me, these lows are suspect, so they can come back down
107 |106 |00:10:21 ~-~-> 00:10:29 |in here on the the CPI number. Because sometimes CPI can be a one way, one way
108 |107 |00:10:30 ~-~-> 00:10:34 |railroad just runs right over top in one direction. Sometimes it can be a two
109 |108 |00:10:34 ~-~-> 00:10:37 |stage delivery, where it could drop down, take the liquidity here, and since
110 |109 |00:10:37 ~-~-> 00:10:43 |I'm primarily bullish, I'm risk going and weak on dollar. So I don't think the
111 |110 |00:10:43 ~-~-> 00:10:45 |dollar is going to go higher. Then a reason for the dollar go higher? So many
112 |111 |00:10:45 ~-~-> 00:10:50 |things against that right now, and I think gold's going to go higher. And if
113 |112 |00:10:50 ~-~-> 00:10:54 |you take a look at Silver, I mentioned last year in the fall, months and
114 |113 |00:10:54 ~-~-> 00:11:00 |summer, told you all this, start really adding on to metals. And while silver
115 |114 |00:11:00 ~-~-> 00:11:04 |was being consolidated and held. It's recently been allowed to trade higher. I
116 |115 |00:11:05 ~-~-> 00:11:10 |don't think that's done. I think all the the data centers that they're, they're
117 |116 |00:11:10 ~-~-> 00:11:15 |trying to build, all those things like that, are going to require a lot of
118 |117 |00:11:15 ~-~-> 00:11:19 |silver. So I think that is a fundamental driver, if you want to go there, when it
119 |118 |00:11:19 ~-~-> 00:11:23 |comes to commodities, then I believe there is a supply and demand. Factor.
120 |119 |00:11:23 ~-~-> 00:11:28 |Otherwise, everything else outside of that asset class is all BS. There's no
121 |120 |00:11:28 ~-~-> 00:11:32 |real reason to own a share of stock. There's no real reason to own that. You
122 |121 |00:11:32 ~-~-> 00:11:37 |know, a contract of NASDAQ index futures, it's there's no real reason to
123 |122 |00:11:37 ~-~-> 00:11:41 |do that, except for gambling. Is really what it is. It's speculation. But with
124 |123 |00:11:41 ~-~-> 00:11:47 |commodities, there's a real net sum Zero game to it with regards to supply and
125 |124 |00:11:47 ~-~-> 00:11:52 |demand. But I think we could drop down into here at the very minimum, drop
126 |125 |00:11:52 ~-~-> 00:11:59 |below here, and then maybe move higher. But just be mindful that CPI number and
127 |126 |00:11:59 ~-~-> 00:12:07 |PPI numbers are absolutely unknown to me. I don't I've not had confidence in
128 |127 |00:12:07 ~-~-> 00:12:13 |being able to forecast the PPI CPI number in my three decades, plus, once
129 |128 |00:12:13 ~-~-> 00:12:17 |in a while, in a blue moon, I've been correct, but not to the degree where I
130 |129 |00:12:17 ~-~-> 00:12:22 |would place a lot of risk behind that trader or or viewpoint. So just know
131 |130 |00:12:22 ~-~-> 00:12:26 |that what I'm saying here, just study it. Okay, just just watch and see if
132 |131 |00:12:26 ~-~-> 00:12:31 |there's anything to it. So you know, that's the that's the skinny on that. I
133 |132 |00:12:31 ~-~-> 00:12:34 |want to take your attention to Euro, because I did talk about that also over
134 |133 |00:12:34 ~-~-> 00:12:40 |the weekend. So let's go and actually, I know some of you are wanting to know if
135 |134 |00:12:40 ~-~-> 00:12:43 |I've done anything. I have not had a whole lot of time to do very much this
136 |135 |00:12:43 ~-~-> 00:12:44 |week.
137 |136 |00:12:50 ~-~-> 00:13:00 |You can see the using the upper quadrant here, and this Sibi. I used it as a
138 |137 |00:13:00 ~-~-> 00:13:05 |reclaimed ready yet,
139 |138 |00:13:16 ~-~-> 00:13:21 |see that there and then it looks like I got out at the consequent encroachment.
140 |139 |00:13:21 ~-~-> 00:13:30 |I did, and it was just me getting low, the sell side, right here, low, right
141 |140 |00:13:30 ~-~-> 00:13:41 |there. Watch the sell side liquidity. There it is over there. You can see that
142 |141 |00:13:41 ~-~-> 00:13:47 |there's the exit. So 70 handles there, and I haven't had anything for the rest
143 |142 |00:13:47 ~-~-> 00:13:48 |of the week,
144 |143 |00:13:53 ~-~-> 00:13:54 |business to talk about.
145 |144 |00:13:57 ~-~-> 00:14:01 |There's a few things I would have liked to trade, but time I have here today
146 |145 |00:14:01 ~-~-> 00:14:04 |doesn't allow me, or afford me to be able to talk about it. But it was only
147 |146 |00:14:04 ~-~-> 00:14:07 |two other situations. One would have been a scratch. I would have got stopped
148 |147 |00:14:07 ~-~-> 00:14:12 |out covering costs, and the other would have been 40 handle. So it's not aim
149 |148 |00:14:12 ~-~-> 00:14:16 |that big of a deal, but this is the only thing I got really the show for the
150 |149 |00:14:16 ~-~-> 00:14:22 |week, and I'm content with sitting on my hands the rest of it. So just a really
151 |150 |00:14:22 ~-~-> 00:14:27 |challenging consolidation, which again, now let's take us over to Euro, dollar,
152 |151 |00:14:29 ~-~-> 00:14:38 |if it was redelivery in here, inside that area, I was counseling you to look
153 |152 |00:14:38 ~-~-> 00:14:45 |at just ignoring this candlestick is indecisive, and using this candlesticks
154 |153 |00:14:46 ~-~-> 00:14:54 |low, this candlesticks high, that is your actual gap. Extend that through and
155 |154 |00:14:54 ~-~-> 00:14:57 |trading through here, it looks sloppy. It's like, okay, what's the use here?
156 |155 |00:14:57 ~-~-> 00:15:03 |Well, I mentioned that if we didn't get this. This expectation of moving higher.
157 |156 |00:15:04 ~-~-> 00:15:10 |In other words, I wanted to see it remain above this, but if it does go
158 |157 |00:15:10 ~-~-> 00:15:13 |below it, go back and listen to the video. If it does go below it, then I
159 |158 |00:15:13 ~-~-> 00:15:16 |think what we'll do is we'll go into sideways consolidation. And I think by
160 |159 |00:15:16 ~-~-> 00:15:21 |anybody's definition that you could see here. Okay, so those skill sets, those
161 |160 |00:15:21 ~-~-> 00:15:28 |ideas, are not found in books. That's an experience driven perspective, and the
162 |161 |00:15:28 ~-~-> 00:15:32 |things I teach you to do and things I tell you to keep track of and annotate
163 |162 |00:15:32 ~-~-> 00:15:35 |and journal. If you don't journal, you'll never learn the skill set of
164 |163 |00:15:35 ~-~-> 00:15:39 |anticipating when consolidation is going to be there. If you look at the very
165 |164 |00:15:39 ~-~-> 00:15:44 |first video of my 2016 private mentorship. All of those videos are
166 |165 |00:15:44 ~-~-> 00:15:49 |uploaded on my YouTube channel for free. Just look at the ICT mentorship, 2016
167 |166 |00:15:50 ~-~-> 00:15:56 |2017 playlist, and I broke them down in the individual playlist by month and the
168 |167 |00:15:56 ~-~-> 00:16:02 |very first video of month, one elements up to a trade setup I talk about the
169 |168 |00:16:03 ~-~-> 00:16:07 |four major characteristics of a trade setup. You know, there's, there's an
170 |169 |00:16:07 ~-~-> 00:16:12 |element of consolidation. And you're not going to know in the beginning how to
171 |170 |00:16:12 ~-~-> 00:16:16 |anticipate when consolidation is going to come into the marketplace. And you're
172 |171 |00:16:16 ~-~-> 00:16:20 |not going to know as a new trader when that market will leave consolidation and
173 |172 |00:16:20 ~-~-> 00:16:25 |go into, you know, a trending or a reversal or something to that effect.
174 |173 |00:16:26 ~-~-> 00:16:32 |And that's one of the benefits of having a mentor that's been doing it for a long
175 |174 |00:16:32 ~-~-> 00:16:36 |time, and not just talk about it through a market replay perspective. If you
176 |175 |00:16:36 ~-~-> 00:16:39 |don't have the foresight or the experience, be able to have
177 |176 |00:16:39 ~-~-> 00:16:45 |prognostication that has a track record of a length of time beyond just last
178 |177 |00:16:45 ~-~-> 00:16:49 |year or two years, parroting somebody else has been doing it decades longer
179 |178 |00:16:49 ~-~-> 00:16:54 |than them. It's very telling when you listen to someone, when they share
180 |179 |00:16:54 ~-~-> 00:17:00 |insights, because if they can't, number one, stand on transparency and say,
181 |180 |00:17:00 ~-~-> 00:17:07 |there are times I'm not going to know, and right now I don't know. I just know
182 |181 |00:17:07 ~-~-> 00:17:11 |that we if we did not use the inversion fair value gap to go higher, then we
183 |182 |00:17:11 ~-~-> 00:17:15 |were going to go in consolidation, because everything is still primarily
184 |183 |00:17:15 ~-~-> 00:17:25 |risk going, meaning all assets that are not dollar viewed, in other words, Euro,
185 |184 |00:17:25 ~-~-> 00:17:30 |dollar, euros higher, dollar lower, or dollar consolidation, Euro Higher,
186 |185 |00:17:30 ~-~-> 00:17:36 |higher. That's That's risk on for me, risk off would be dollar index rallying
187 |186 |00:17:36 ~-~-> 00:17:41 |higher, Euro going lower or euro and consolidation while dollar goes higher,
188 |187 |00:17:42 ~-~-> 00:17:50 |that's risk off. So I'm primarily anticipating higher prices across the
189 |188 |00:17:50 ~-~-> 00:17:59 |board, except for dollar. And for someone that's new, you might see this,
190 |189 |00:17:59 ~-~-> 00:18:02 |and you may have watched your this week and probably giggled to yourself and
191 |190 |00:18:02 ~-~-> 00:18:07 |said, to yourself and said, This guy, he was really wrong on Euro. I explained
192 |191 |00:18:07 ~-~-> 00:18:11 |why I would be wrong, and that's something also that's useful as a
193 |192 |00:18:11 ~-~-> 00:18:19 |trader, knowing what would be a catalyst for you to move to the sidelines and
194 |193 |00:18:19 ~-~-> 00:18:23 |say, Okay, I'm not going to trade in this environment because it no longer
195 |194 |00:18:23 ~-~-> 00:18:28 |fits the characteristics that I would expect initially, and still be useful
196 |195 |00:18:28 ~-~-> 00:18:32 |for the model I trade and not be gambling. Okay, just because the markets
197 |196 |00:18:32 ~-~-> 00:18:35 |are moving around doesn't mean that, you know, hey, let me go here and press the
198 |197 |00:18:35 ~-~-> 00:18:39 |button and see what if I can make some money, or I'll pass some combines, or
199 |198 |00:18:39 ~-~-> 00:18:43 |this that nothing messing around, mucking about in these environments, you
200 |199 |00:18:43 ~-~-> 00:18:47 |will blow your accounts. That's a guarantee. I don't care who you are, I
201 |200 |00:18:47 ~-~-> 00:18:51 |don't care how good you think you are. You're going to blow your accounts
202 |201 |00:18:51 ~-~-> 00:18:56 |because you're going to get tripped up into taking more trades than you should.
203 |202 |00:18:56 ~-~-> 00:19:01 |You're going to trade a larger leverage than you really should, and you're going
204 |203 |00:19:01 ~-~-> 00:19:04 |to be competing with everybody else online because they may have done
205 |204 |00:19:04 ~-~-> 00:19:08 |something, and you've not been able to show anything yet, or you're in
206 |205 |00:19:08 ~-~-> 00:19:13 |drawdown. So this, this present condition in the marketplace right now,
207 |206 |00:19:13 ~-~-> 00:19:17 |with all the things that are going on, this is a perfect storm for someone that
208 |207 |00:19:17 ~-~-> 00:19:24 |has no discipline, no self control, no model, no experience, no respect for the
209 |208 |00:19:24 ~-~-> 00:19:30 |measure of risk. It's a shipwreck waiting to happen, and nobody's at
210 |209 |00:19:30 ~-~-> 00:19:38 |fault, but you when it does so anyway, with all that, I can expect higher
211 |210 |00:19:38 ~-~-> 00:19:46 |prices with the same thing I mentioned with in regards to NASDAQ, let's say
212 |211 |00:19:46 ~-~-> 00:19:52 |that the PPI and the CPI number do something that causes some kind of a
213 |212 |00:19:52 ~-~-> 00:19:59 |sell off in gold or euro. I say gold, but I meant Euro here, these lows in
214 |213 |00:19:59 ~-~-> 00:20:04 |here, I. So I'd like to see them make an attempt to get down there, but not take
215 |214 |00:20:04 ~-~-> 00:20:08 |them out, because it's too close this low here. So if it's going to take these
216 |215 |00:20:08 ~-~-> 00:20:13 |lows out, then it's going to take that low out, and that changes the dynamic,
217 |216 |00:20:13 ~-~-> 00:20:16 |at least somewhat short term. Doesn't mean that I'm calling a top in the euro.
218 |217 |00:20:16 ~-~-> 00:20:21 |Doesn't mean that the dollar is going to go rallying higher explosively. I'm not
219 |218 |00:20:21 ~-~-> 00:20:25 |suggesting that at all that might, that's my opinion. But none of this
220 |219 |00:20:25 ~-~-> 00:20:29 |should be used as a trade idea or a catalyst for you to put on real monetary
221 |220 |00:20:29 ~-~-> 00:20:33 |risk. It's just to stimulate ideas and thinking critically on your own part.
222 |221 |00:20:33 ~-~-> 00:20:39 |But I find it fascinating that today we use that inversion for everybody. Got
223 |222 |00:20:39 ~-~-> 00:20:44 |dimension over the weekend here, and I'd like to see it draw up into this level
224 |223 |00:20:44 ~-~-> 00:20:49 |here, and then this for Euro. Watch this. I would like to see this in here
225 |224 |00:20:50 ~-~-> 00:20:55 |act as an inversion fair value gap
226 |225 |00:21:01 ~-~-> 00:21:06 |sometime before we close this week out. That would be interesting to see that.
227 |226 |00:21:06 ~-~-> 00:21:09 |And then, should it do that? Then, obviously, make an intent to get up the
228 |227 |00:21:09 ~-~-> 00:21:14 |device out here. Okay? And I think that's going to be it. I spent a lot
229 |228 |00:21:14 ~-~-> 00:21:17 |more time than I wanted to, but I just want to touch base with you all. Thank
230 |229 |00:21:17 ~-~-> 00:21:20 |you so much for your prayers, and Lord willing, I will be back with you as soon
231 |230 |00:21:20 ~-~-> 00:21:24 |as I can. And be careful this weekend, if you're in the States, you.