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I want to bring in Jim Rogers everybody knows Jim Rogers he's the chairman of Rogers holiness Jim welcome to the program good to see you again sir I I'm here to say hello Stuart how are you no I want more than that I want more than just a hello Joe I won't say goodbye yet here's what I want number one you say that a huge sell-off is coming the biggest in my lifetime so when is it coming first of all that's the first question when well Stuart you watched Barney & Co and you'll know I'm not smart enough I'm terrible at marking time watch fox news don't that's not an answer no but it's problem it is an answer but it's probably coming beginning later the you know crashes don't happen in one day the market is going to go up for a while I'm still optimistic about the US stock market for a while and asian stock markets then we go up and sometimes later this year and next the decline will start in but it doesn't happen in a day hey guys this is jay from black hat trading today we'll have a look and see if gene wickets prediction is right he did say that he do not think the market will go down anytime soon and today is the last day of April and it's kind of important that hopefully by the end of the video you would understand why let me start by explaining this chart here this is the Dow Jones and you can see the last part of the month at this point is green it's just still holding on as a green candle which is an up candle and the previous two bars you can see is it's red so the last two months as we probably know has been fairly fairly rough well where are we going from here well guess what if you look at a previous trend right if you have two previous red candle going down and if the third candle holds on potentially it could go up right so let's have a look a game on this one - red candle this power whole song you know the market doesn't tank really now but if you look at this - this is kind of interesting if the two red bar happens and if the third one we means to be red I'll guess what the market will correct itself at least you know in the next two months so you can see this is back in 2008 where there's two red bars and market went down and correct itself kind of significantly but if the two red bars - monthly rate bars and the third part is green guess what market will tend to go up so what are we talking about here well it looks like the market may end at a positive note today now we still have one more training session for Dow Jones obviously if the market is holding strong well guess where this is going you'll probably hold on strong and potentially move up or Aldi's even break however if the market were to turn down today into the red well potentially the market will come down and it can be fairly significant so yeah as traders just be cautious yeah on where this is going on a side note you know you can see the silver so I do track silver coin closely and this is silver against US dollar and what I'm looking at is you know as expected for four months I've been tracking this and you can see the latest price action we've got silver coming down and silver has a limited range from now onwards it's kind of interesting at this point there were people who think that the silver might break up but but I knew the trend that you know it's probably not going anywhere soon what happens is the silver will you know go into a consolidation mode for a while and one thing to watch out is the price coming back and has this level here right so do watch price coming down to the 15th all the high for teens for silver now once that is tested it's unlikely it will break through and that's where Mark have your bounds and perhaps that would be the last time you see silver at those price and that will be the beginning of the rise so in the next couple of weeks you know you still do a consolidation and until we see a test of a low yep so that's on silver let's look at today's trade that I took it's mainly a short trade you can see the first trade that I take was was a loss I was a small one but the next one was fairly good fairly significant for for pound the other short trade obviously I took her is also on euro that you can see that yep there was some long yeah sorry that's the shot here was a loss but eventually a shot here was was a good win so pretty good trading day for the day and we will provide an update from time to time probably every week and you know if you're keen just subscribe and if you have any questions or comments around the market let me know and to drop me a meal all right half a safe and great trading day Janet Yellen says we're never going to have another bear market in in our lifetime so maybe you shouldn't listen to me
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