a ka pitcapitulation bottom.ust fyi, i strongly advise investing in stocks to trade on foreign markets. especially now because the small fluctuate in the end versus the dollar could totally wipe out any gains you have in the stock. finally, oh, boy, that big european based steel company with operations all over the world saw it's stock fall to its lowest levels in over a decade earlier this week. the descent has been pretty slow but plunged from $12 in may down to $8 right now. wow, wouldn't that be something? talk about a stock that needs to be up here. here's the bottom line. many of the steel makers are trading at levels not seen since the generational level of 2009. the charts interpreted suggested the higher quality steel plays could be intriguing here and have to take him seriously but that said in 2009 it was our economy that was broken and now it's china's that has a problem and it might be much more important to steel market than the u.s. these are high risk stocks that some would say are derisked by the

ka pitcapitulation. >> meaning you think we are nearing the bottom. >> absolutely. >> yesterday it was pretty ugly. you'd look for a bottom today or the first part of next week. >> what makes you so confident in that. >> because i've been in this business 45 years and i've seen this act before. it's like pornography, you know it when you see it. >> can you tell us what goes into the model -- tell us about the model that gets you to this very specific period of days. >> the modelsareproprietary. it's like flying a private plane, you have to trust your instruments and the instruments have served me pretty well over the past 45 years. >> what's going into those instruments. >> i'm not going to tell you because they're proprietary. >> yeah but it's hard to come on the air and tell everybody about a specific week you think is going to be the all time low. it's a good record. but i think that it would be -- i think the audience would be a great beneficiary just to at least understand the kind of me tricks with which you're using to come to this conclusion. >> and i say it again it is proprietary and if y