 59 let's get over to our mammoth the Basel Chapman as we do each and every Tuesday at 20 past the hour And don't forget folks Basel does an outstanding show here every trading day 10 to 11 Eastern standard time also has a great newsletter the opening call I come over to our website It's very easy to get Basel's newsletter come over to our Website you're going to newsletters. You're gonna see it right on the left-hand side second one down the opening call You can get that for one month for a hundred and forty nine dollars You get it for six months for 695 which is a savings of 199 dollars at 22% and you get it for one full year for 1195 which is a savings of $593 of 33% they all come with a 30-day money back guarantee Bowser just did an outstanding workshop for his subscribers, which is still right on that page So when you get the newsletter folks, you're gonna get the current workshop You're gonna get the other Archives that he did out there if it works for you great if it doesn't work for you some reason 29 days from Now you can cancel that newsletter But as a Chapman, what's going on? Hi, Tom? I'm pleased to hear that there's a better chance that you might be missed this hope. That's the case Yeah, it's it's it's you know living in Florida. We've always so lucky where we are It's it's it's if you look at the makeup where we are folks All right, we're right in the middle of the West Coast and it's pretty hard to get hit and thank you God Yeah, we're pretty far out of it right now, so it is pretty cool that the poor people up at the panhandle man That's just a never-ending deal man. Yeah, it's terrible. It really is terrible, you know So what are we gonna look at out here? So then let's do a couple of things kind of an important period because We've been looking at the Dow since that August the first high But we're fortunate enough and be able to short it right there We still actually short we anticipated based on this trend line this pink And this is what I discussed in the webinar how you can draw these trend lines how you can draw these price Match where you can go the number of bars on the left equal the number of bars on the right It's bar symmetry gives you good support a good resistance I'll show you that in the dollar in a moment, but it held this inside wedge target Support line and I said to subscribe to that be prepared that there should be quite a nice balance And that's really what we're looking at here I'm looking to see just how far in between now and Tomorrow as we get to the end of the month how the where this goes and how the Technicals improve they improve enough then we might have seen not just a low But the low that says we can go quite a bit higher at the moment I still think it's a low and that we should be doing some downside Excuse me testing over the next week, but if you look at the SMH Which is a seminar is which we've had really nice profits on the downside Which we shorted and we also had the three times short that we're out of all together at this particular point a very nice Movie and what I've been saying all the time for weeks now is that the the weekly charts in all the indices Have been very strong I didn't even get a cell signal on the on the declines that we saw just recently and that to me says that the larger tide is still rising the shorter tide is is declining the little riptides and that but Basically we've been in a daily cell mode and now we're going to see if we're going to come out of that What happens next, but I wanted to mention the dollar There's a technique that I use that I was mentioning just earlier on this bar symmetry I don't know how markets do this, but it's just fascinating. Look, there was a high back in in May the 31st of May and the dollar index on one of four point seventy nine It came down sharply made this H pattern that I'm always talking about the dreaded H failed and it went down Very sharply to the low in the ninety-nines and then it started to rally and I drew in a midpoint That said from this left side in May to the low that was made in July There might be an equal number of bars to the upside and if that's the case We've got to follow this nine fourteen period moving average to see how it continues to hold Well, it went to within pennies and and one day before this price actually two days before the price symmetry So you went to one or four forty-five. I mean, I don't know how markets actually figure that out Look the previous I was one of four a seventy and it went to twenty five cents Under that and now it's starting to turn down But I just wanted to show this as well the technique that I use for the doubt to be able to get that turn You can see here in the dollar that the nine period moving average is still much higher than the 14 So I think it's going to be a work in progress on the on to see how It's either speed and that means tomorrow the dollar just gets slammed and it already plunges sharply Oh, it's a process that we saw a process in the Dow and oops Let me just go back there to show you this particular technique in the Dow here It is how it took so much time for that nine period to turn pink to go under the 14 Yeah, you know, you know, it's interesting Basilis that the Dow itself is a lot weaker than the the SMP are the Nasdaq I mean because both of those have you know already come up to the you know trading day of the what the fourth or something Do you know what I mean? Let me just show you something here. Look. He has the pink nine period moving average It's within a hair of crossing positive and the price is moving very nicely and you correct about the cubes So the Dow is the weaker one so using the same technique and if I had to go to gold You'll see that gold right now is kind of on the cusp of crossing positive So I like to use this indicator as kind of a trend. It's not where you get the turns I use other techniques to get the actual turns So to sum up the dollar is having a really strong move There's a technique that I call the chat inverted Chapman wave Roman candle Not exactly right because I prefer that the body of the candle is a half to three quarters away from the wick either on the Upside of the downside. This is a little bit more than half But I got a technique that says within two sessions if the dollar is trading above one or four point twenty For about 90 minutes There's a chance that it could retest today's high if in the next two days it starts to close Below today's low. We don't know what it is because the market hasn't closed But so far the lowest one or three fifty you've got to be careful You've got to start looking at the lower levels and that 200 period moving average is at one or three twenty So it's a work in progress, but it's achieved We are we've been along the dollar for a very long time the UUP Did a one-to-one to that's the dollar power shares DB US dollar bull That went in a beautiful one-to-one to the upside plus I'll do this in my show tomorrow to show people are listening There was a falling axe expansion. There was an inside Chapman wave This is the peak D instant restart goes to another peak ABC in the D Just did that today so it's accomplished everything that it needs to but as I say the technicals are still pretty strong of us The casting is flat at 86% so that says to me that there's still internal strength in the dollar Unless it just gets smashed to the downside and actually if you look at the EU are USD you'll see it hit exact EU USD when you do things these two quickly it hit exactly look yes This price symmetry of this arch formation and it held the 200 period moving average the nine hasn't crossed positive yet So it's kind of lagging But it's got a nice balance off the 200 period moving average Richard hadn't been to since the lozenge And folks it's very easy to get Bowser's news that I come over our website at TF and n get the newsletters You're gonna see in the left-hand side second one down You hit that baby and you are off to the races But as you have a great night a safe night and of course we look forward to show tomorrow morning Thank you stay right there folks. We have the dial up to 69 as except 253 S&P's are up 63. We'll come right back Rising inflation rocketing interest rates of all to dollar uncertain market. There's an asset that all trade is fucked back to gold