 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Hazel Chapman. Call now toll-free at 1-877-927-6648. This is the Tiger Technicians Hour. My pleasure to be here Monday through Friday 10am to 11am for the Tiger Technicians Hour, 877-927-6648 is the number to call. It's a good time to be calling because we are so close to an all-time high in the Dow. And most importantly, what we are looking at here is that Bitcoin is just flying all-time high. So let's do this very steadily through everything as we always do. The Dow is up 112 points right now at 35,570. All-time high was August 16th at 35,631. What's really important about this particular move, and it's really important for me to have this in leg C breaking to a new high rather than leg D because I don't want it to fail underneath that high at a peak D because that will say, whoops, probably a double top, but if it soars right through it, excuse me, if it soars right through it now, that's going to be important. And I just, all I can say is that within the context of the cup formation and the breakout of this Chapman-Wave inside-track repellent zone gapping up and holding the gap, you know my rule about gaps, on the upside, if the gap low is not taken out but it closes above the gap high, that is exactly what you want to see for a continuation pattern that turns the candle close of that particular session. In this particular case right here, it makes 35,250 key support. And what's really important about this, two things are very important, is that the mag D in the daily chart is really strong. Stochastic is fabulous at 96.9, I mean that is really good. I can't say it's flat because it's just got there. And the other thing is that I am worried about the unbalanced volume. I'm not getting confirmation there, which is telling me that my suspicion is that when we are completed with this move, a certain normalcy will continue that we'll have some digestive phase, but we're making a higher base at this particular point. So that's the way I'm looking at it. Most importantly, the weekly chart, if it breaks out, I'm going to have to turn that peak G because this is what happens with alternate counts. And I told my subscribers who were involved in my webinar last night who were there, I know at 4 o'clock to 5.30 not everybody can be there because you're working, doing all sorts of things. So during the archive, the archive should be up today sometime. What I mentioned was an alternate count. I'll do that during my show this week. I'll continually show how many times in a pattern everything is positive everything's negative, but there's a chance that there's an alternate count that you can think of what would happen if it went wrong. But right now in leg gray B in the weekly chart, if it goes above 35,631, I should give you the points because it's in the fractions as well. Let's just say it goes 35,632. I have to then consider this gray B gets eliminated for the moment and that peak G becomes a peak G slash C and then in fact the weekly chart has now gone into a D. I'm trying to be as judicious and I'm trying to be as conservative in my count as possible and always says this is what you're going to be careful of. We are long so we don't have to worry about the weekly just yet because we're dealing with the daily, the shorter term or the 120-minute chart so far this is all good action and we've even gone a little higher and now we're up 116. I want the reasons why three days ago before the opening I said let's go, let's add to our long positions in the diamonds because this is looking like it's, there's a chance that it can move higher toward, I only said toward the all-time high, we haven't got there yet it's still toward the all-time high in the down. But let's just do this quickly for the S&P because the S&P is having this one-to-one that I moved up a little bit in this extension of the Chapman wave, a one-to-one parallel and this is the whole thing about this one-to-one extension. It is parallel, it has the same number of bars, it has the same angle of ascent or descent in this particular technique that I developed and at 45, 32, we're now just 32, we're now only 13 or 14 points away from an all-time high in the S&P and this is what you want to see and the weekly chart above 45, 45 goes to, I'm going to call that an E for the moment. If it's in October, it extends the leg B, I can't believe I spoke about this yesterday in the monthly chart, unbelievable. That's why I'm saying we're real close to resistance that will test the strength of what we're looking at. QQQ, a nice move up 375, it's up four cents but is lagging and I suspect this lagging is going to continue even if it makes new all-time highs. I think on a percentage basis, the Dow's the leader right now, the S&P is next, the QQQ follows and the IWM is lagging, is it still lagging? No, it's actually come alive, it's up 67 cents, that 226.51. Actually, I'm going to put this in the category right now of tie with third place with the Qs just because it's in this rectangle formation it can last a lot longer than the potions between 234 and 207, it's trading right now 226, much closer to the upper half of this particular trading pattern. So that's the IWM, Russell 2000. Let's go to SMHs, the SMH right now, semiconductor index lagging down one at 266. This is one of the clues to say, this is now becoming a much more selective rally in the den. I really want to know XLF, just to see. Yeah, XLF is bouncing nicely, look at that strength in the XLF, S&P spider, so like financial in my webinar last night, I said one of the reasons we have a bank stock which I like very much because I think the financials have two things going for it, but the one thing that's really important, yes, interest rates is a factor, but I think that the banks are looking a little bit like value stocks only because they've conformed to all the criteria that were needed for the Fed and for everything, for the banking criteria part of it, and that's good. They're also coming out with very nice earnings. Bank of America had really good earnings the other day. It's trading up 20 cents at 466.7, as you mentioned, we are long from 31, is at 46. This is nice action, all-time high, a couple of days ago within a dollar or so of an all-time high, kind of action that we like. I do expect that it's going to have a bit of consolidation very soon. I want you to go to the TLT since we're talking about interest rates. Look, TLT is making the arch formation. It's down 48 cents at 143.22. I've been talking about this for a little while. In fact, the TBT pulled back very sharply from the 16.64. This is an ultra-short limit 20-year Treasury bond ETF. 16.64, rallies up to the 19 area, then pulls back to the mid-17s, and now it's at 18.52. All I can say is use this as a benchmark. If at any time in the next three, give it three weeks into the early part of November, if in the next three weeks, this catches 19.30, you will see yields become a factor in this market and that sort of affects some of the areas. I'll be back in a moment. 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Some, it's only up 17, it hit $50,439 and then slipped down to the $50,380 level and now it's having a little bit of a balance. I think that there are people that are looking to put money to work here. So every dip so far the last couple of days has seen some buyers. Let's look at the NQ 1-minute chart. Let's just do this. A, B, basically we're looking at peak C alphabetized there. We can go sequentially. A, B, C, D, E, F, G. At G there's never an H. You have to think that there's either recycle or you're going to start a new buy mode. In this particular instance we've gotten within the rectangle formation. Remember I spoke about this yesterday in the webinar? A couple of things I wanted to talk about today and I said I will follow through in a public forum some of the stuff that we never got to. I just wanted to mention a couple of things so this is the Chapman Wave rectangle formation which says within a rectangle, a large rectangle, not the narrow one there's a chance that you can make a cup formation and try to get back to the left side high. This is when the Chapman Wave left side, right side price time match becomes important. Choose a doji candle or if you can't get the midpoint exactly if it's lopsided like a gravy cup then you've got to use some other techniques. So I'm just doing this real quickly. I said I'd do something live today for the rest of the week to show Chapman Wave methodology in practice. So this is called the Chapman Wave right there. And Chapman Wave inside wedge, target resistance line. I'm drawing this all. This is live. Maybe you don't have the cup formation to be able to draw an arch but you have almost everything else in every software package. You have straight lines. Maybe you have the rectangles but you can do that with a rectangle with using the straight lines. And here we are. So the Chapman Wave inside wedge, target resistance line right there says that the NASDAQ E-mini 100 E-mini is just bumping his inner leg D. The resistance is at 15,432. The last high was at 15,439. And if it's going to get to the 15,439 level it should do that by, let's see, 10, right about 1026. And the MACD is good. Sycastic is at 93%. That's fabulous. Onvalus volume is good. So the cup formation with inner rectangle formation says that's what we're looking at and we'll come back to this in a moment. Let me get back to our story here. So the TBT, keep an eye on that. Most importantly, we're looking at crude oil now having maybe just a momentary digestive phase two days without a new high. Whoa! The day is young. We never know. But it's down 40, now whopping 49 cents in crude oil, 81.96 after making a new recovery high yesterday. I think it was 83.20. What was that? 83.18. The continuous contract on the 18th and what we're looking at here is 120-minute short. Now, I'm not going to go there. What I want to look at is that this is a leg D. It is a peak D technically, but it hasn't given the peak D a usual reversal if it's going to do that signal yet. But as I was saying before in the update, if there is a push into the 82.60 area, that is just absolutely amazing action with crude oil because it's almost like a straight line up. But if there by Wednesday, by Tuesday of next week, if there is even a touch of 78.50, but a close below 78.50, if there's a touch of 78.50, there's a little bit of a digestive phase. If there is a close below 78.50, finally, you'll get a little bit of a digestive phase, meaning that the daily chart could lead to the weekly chart having at least one week of a pullback. We're looking at a doji halfway into the week. We've got a doji candle so far in the weekly chart. And look at that. I had that alternate count. So I've made this a leg D potential in the weekly chart after making that PE pretty sharp, severe pullback for crude oil when you consider that it was up in the 74s and it pulls back to 61. No, 60.95. That's a big move for crude oil. It's one of the biggest moves it's had since that October of 2020 pullback. So I'm just saying, we're watching this closely. Why? Because within the context of crude oil, you can't, at a certain point, crude oil becomes a tax, a tax on everybody who uses anything that has to do with the petroleum products. And the other thing is that we will start, if anybody's been on the road on the highways over the last few weeks, you've seen traffic that is really amazing. All right. Let's see. Jimmy says you're sure. You're really not. It's still a peak D. Oh, was that? No. It wasn't me. Okay. Is this the move that the S&P monthly chart into Chattanooga lakes see up for weeks and weeks? Oh, so let me just do this. A question came up here about the S&P. I've been talking about this for a long, long time that it's one of the most spectacular moves in an index that we've seen in the QQQQ. But this is perhaps one of the most amazing ones. The S&P has gone from 2191.86, the low of the 23rd of March of 2020. It had a peak A. What do we call about a peak in the Chattanooga methodology? It means where the bar that you're following has a lower high bar. And then you can count that leg. This is what I call a floating letter. So the moment that from the low of March of last year, April started leg A. That leg A continued because it's a floating letter until it makes a peak. And what is a peak? When you're looking at a mountain, when you see the left side going up, you see the right side coming down, that's called a peak. What do I do in the Chattanooga methodology for a wave forms a peak when it makes a lower high bar? Well, that's what happened when in September it hit 3588.11 and the following month it pulled back and the high, that month, was 3549.85. What is that? Five points. A mere five points lower and it had an inside bar and the very next month, it broke by one penny, the 3588.11 high started new leg B and that floating letter went B, next month B, leg B, leg B, leg B, leg B, leg B, leg B, leg B, leg B, leg B, leg B, leg B. And in, right here, in August it went to 4345, yeah, 4537, 36, the next month it had a high of 4545.85. It broke above it and this month so far it gave me 557. Unbelievable. Yes, it will continue leg B if it makes it. TIGERS from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. Subscribers to the Tigers then are also the first to have their questions answered live on air and can privately chat with our TFN and host live during their shows. 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This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Hi, folks. Thanks, Ruby. U.S. Inventory data coming up next in December, 28th of this yesterday. UDF 3229. Yes. So we've got some of that. And what happened? Remember, we were looking at in the NDX. Well, I never trade this. I trade the E.S. Minis. This is at $50,439 at $951. It pulled back. And I said, we're watching this closely. This is a trap wave rectangle formation that forms a cup, a lopsided cup, like a gravy cup, a gravy cup. And that it has until there's a trap wave inside wedge target resistance line. And I said that by I given it until I think 1026, the bar of 1026 in the one minute bar to get to that $15,000 for was it? What? I keep forgetting now. $15,439 area. Well, I'm sorry. It took an extra few minutes. It did it. It just went to $15,440 in leg E in the one minute chart. And it's only a leg C in the two minutes. So this could still pull back for a minute or two and then make another high. But it did exactly what we were looking at. This is the technique that I've developed. This is what really has helped us maintain some semblance of structure for our positions in my opening call newsletter. And this is a technique we use. I just did it live right here. Let's go to ESZ21, which I haven't been notating because of all the stuff that's going on. So that's a B. That's a C. And that's gone to the D. Leg D is our target. That's where other things can happen. It doesn't mean you say that's where you get a major turn. I'm just saying in the fourth highest peak, that's where other things can happen. That's where you prepare your target in the Chatham Wave is to get to a D. Look what happened here. You went to a D, held a 9-period moving average, went to an E and then pulled back and started in your buy mode. And now we're in Leg D again. So, okay. These are the techniques. So I just wanted to show you something in the Bitcore, sorry, in the Tiger. This is the Tiger YouTube. Let's see. The EKS says Bitcoin to the moon and also Rochelle says Coin up again and Mara up again. So yesterday, the part that I left out, because I wanted to do it, I spent quite a bit of time talking about Bitcoin that I was very favorably inclined and that because we were using the, we were using not the futures, but the Bitcoin fund. We didn't trade overnight. It's really tough to have stops in it. So that was tough, tough for subscribers. But we were running along a very small position, which is good. And I would have spoken, I had it all written down. I'm going to do it on Saturday. I was going to discuss Coin just as a chart because it kind of moves parallel, moves very nicely with these others. It's in leg B at 311. And I was going to just, thank you, Rochelle. That's exactly what I was going to do. Didn't do it. Then I'll do it now. And I said to some of it, I'm going to do during the week because this is, there can be public information, not just for subscribers. Leg D in the daily chart of Marathon Patent Core and it's retesting in the top. This is a beautiful example. And look, you can see, I had it all notated with the Chapman Wave inside, wedge, target, resistance line. We've broken above that in the weekly chart. So with that said, we're up 197 and 55.88, not me, but Maury is up. And I'm just going to go straight to our caller. We've got Brent in Martinez. Hi, Brent. How are you? I'm doing great. It's nice to talk with you again. Yes. Good to speak with you. So you wanted to look at 23 and Me, it's the symbol of Emmy. And I talked about this on Steve's show. When it was near its lows, I just thought it was an interesting company that we're going to be doing. Instead of going more to ancestry, part of, you know, DNA, they're more involved in the medical aspect of looking at hereditary types of, you know, issues that people might have in the time with the DNA. So I thought there's a lot of potential in the stock. And I just noticed that it's broken out of that rectangle pattern. It's been in for about, you know, two and a half months. So 23 and Me, Emmy's symbol is trading at 10.58, 95 cents is up, almost 10%. It's ancestry research. And as Brent says, they do, the whole, I heard, I heard it actually sounded to me like someone talking about that was being interviewed about the coronavirus or something. I mean, this person was speaking medically all the way through. Then I suddenly saw that she was in part of this ancestry research, 23 and Me. And I thought, that is very interesting because she's coming to this whole program as a CEO. In fact, I think the whole creative of the whole process of using data not just to your ancestry to find out where you came from, whatever country it is, but to use it as a medical format. And I think that part of it, she's got 40 programs that she uses with the data. Part of it is that it's trying to be a medical, I can't call it a library because the library has a different implication, but I would call it a data, almost like a data vendor. I might be wrong, but that's kind of where I got it. And I liked it a lot. In fact, it was on my list. I can't even remember if I put it in my watch list because I certainly had it as something that I was absolutely fascinated with what she was saying. And then I don't know how recently I heard this, but there's this huge gap at age 50, and it hasn't even looked back and went right through the 200-period moving average. And it's moving sharply. Now it's done this before and I suspect it did it before also because she was interviewed and people suddenly recognized this. And then look what happened when it went to the nines. It just plummeted down to the mid-7s. So before I recommended for subscribers, I wanted to see, even yesterday, I would say, this is good action, but I need to see some follow-through to the upside. Wow, talk about follow-through to the upside. Brent, this is what you wanted to see. This looks very good. So I like this very much because there's both a story. There's a sector, a sector that's very intriguing. There's a story that's very intriguing. And I'm not sure yet whether she's implemented the whole thing as, you know, when Zuckerberg started off, he was this nerd from Harvard. And when Facebook, when the stock just plummeted off to the IPO, it went down to the 18s or something. And I thought to myself, I wonder if he has the acumen to turn this fantastic, whatever it is, into a business. Well, he just turned around and he, within every quarter off of that, I mean, he's done that exact process. Now I think it's overdone to the business side. That's different. I'm wondering about, maybe you know a little bit more about this, but 23andme, there's a symbol. If she's able to monetize this in a way that does not offend either the buyers of the stock or the directors or the people running the show, this has tremendous potential. But if you look at it as a chart pattern, it has a history so far of spiking up and then not just spiking down, it has this pattern I call the Eiffel Tower, which means it goes straight up and straight down. It looks like an uppercase A. So I'm going to ask you a couple of questions. Can you hold on? Yeah, sure, Basil. Okay. I'm going to ask you a couple of questions and maybe you'll know the answers. The first one is, do you know about the monetization? Do you know about the earnings, et cetera? And the second one is, what is your plan? So I'll be back in a moment. The Dow is at 1.57. Brenton now will be right back with Brenton Martinez looking at me. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. 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The funds are designed to be utilized only by sophisticated investors, such as traders and active investors. Distributor, Four Side Fund Services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com. Then hit Watch Tiger TV. Hello, we're back. $158 S&Ps up 19. We're on with Brenton Martinez, California. We're looking at M.E. trading at $10.59 up $0.96. This is at 23 and me Ancestry Research. Okay, Brent, tell me the story. I might come up to Realty Basil. I just want to make sure I am on the headset. Sorry. Can you hear me, okay Basil? Yeah, I'm here. You're okay? Yeah, I'm sure you can hear me okay. Yep, certainly can. So, Brent, first question was anything about the monetization that you might know of? Secondary is, what's your plan? Yeah, I just, for me, I like the fact that they were going more the route to a medical aspect of it instead of just looking at your DNA ancestrally. I think that's intriguing. I think they have collaborations with GlaxoSmithKline. That's just more of the path they're trying to take. And I think that has a lot of potential if they can, like you said, monetize that, which I think they can do. They're in a process of doing that. I also like the charting. I'm always looking for things that are near their bottom. I would try to pick it up there. This is below the actual IPO price. So, that's what caught my interest initially. And then, yeah, I'm just seeing, I like the way it's acting now. It's encouraging. So, I should just tell you that it's in Leg D in the 120-minute chart at this particular point. So far it's holding well. And so far it also looks like every dip there's been buys because it keeps coming back to this $10.58 area. I like that. I have to call this a fresh leg beat to the upside in the daily chart. Implication being that in Chapman methodology, usually when you get a buy mode, and so far I can just call this a buy signal because the stochastic is not yet at 80%. It's a 71. The MACD is good. It's nicely above the 9. It's done just perfectly at a great example of a gap to the upside that within two days doesn't take out the left side low. That is the gap low. And in this case, it's around about 850. And instead what it does is it moves higher towards any resistance level. In this case, the 200-period moving of 9. 9.67. It gets repelled there and then stalls there yesterday. And the third session, so far, is well above the high of, this is Wednesday. So Monday, Tuesday, Monday. It's Friday. Friday is high. On the 15th was 9.64 cents. It's really important in this particular pattern that I'm always looking at. This is the gap up pattern, or the gap down. In this case, it's a gap up. Within three sessions, if the low is not taken out of the gap day, or gap bar, but instead the high, you close above that high, that's usually a very good sign. And for me what it says is that you've turned the price, in this case we can call it the closing price of 8.9 dollars and 21 cents into very strong support in the shorter term. So I love what's going on. I love the fact that the weekly chart has started on the leg C, but we're only midway into the week, not even midway, sort of midway into the week. Let's wait until Friday. I like everything about it in terms of the chart formations. The other thing that's really important in the in the daily chart, there's a pattern that I look at which is like a couple, a rectangle formation. I usually just grab the outer bars because in Trade Station they have just this rectangle icon which is just really nice to grab and use. You don't have to draw too many trend lines it just does it for you. And that says that the bar of the 12th of July of 11 dollars and 37 cents, oops, 11 dollars and 37 cents, that would be a target because there was an arch formation I'm sure you remember that I talk about this pattern called the dreaded H where it makes a low, tries to rally, fails at that rally and then comes back and tries to test the left side low. In this case it's a low of about $7 that was made about August the 16th. Well we only went to $7 and about 50 cents and we give the exact figure right here, $7.46 so the low that we're talking about was the low of the 16th that was $7 in one penny and it made the arch formation went all the way to a peak E in a very small buy mode comes back down whole successfully and then powers higher so I could give this an alternate count I have no need to. I think this is a leg B and the target would be and I'll show you how I draw this in I can't draw it in right now I'm going to go all the way to about the 29th of October to the 3rd of November and I'm going to say $10.97 to $1101 would be this trend line resistance that I'm looking at I'm making it up I'm not drawing it in right now but it says that the $11 and 37 cent target look at the way it hits the resistance even if it has a peak B pullback it should try to go higher I like it very much now the only thing that would stall it is if there is a close below $9 and say $0.42 a close below 9 let's call it 942 would say uh oh it's gone back into this rectangle formation but making a higher high and a higher low so you're going to have to wait again before another spike to the upside occurs I'm looking at it would it fail we just don't know because this is an IPO there's no real history right now I think what price did you get in that I mean it just below $8 going to 790 range so you have a beautiful cushion um if the question was would it make sense to take something off right now and then put it back I would just say to you this is, you've done this so many times you have a plan I don't want to interfere with your plan what I would say is this is the one time that I'm thinking it's made such a good move I don't know if I'd want to put anything, take anything off and then put it back I'd rather stay with the initial position and see if it's able in the next by Friday afternoon you have two and a half days in which to attempt to touch $1090 to $1103 and if it can do that that's fantastic so I just don't know if this is one that looking out longer term there's a story I don't know if this is one I want to mess around with if you're thinking short-term trade absolutely take something off now I've got a huge percentage gain but if you're looking out and saying I've got in at a really good price it's gapped up from my entry point I must have got so close to the low that I've got a really good cushion I'm going to use that to my advantage as a more intermediate term position that's kind of the way I'd be looking at it so you got either the short-term position that says I had a fantastic gain, I must take something off I can put it back at $960 or $940 a point lower but I'm looking at this and I'm saying if you can build up a position over a period of weeks because it just refuses to go back down under $9 who says because there's a story that's the only reason why I'm saying there's a story behind it there's an implementation of the story there seems to be unfolding you got in fabulously I'd rather start new positions thinking separately on a pullback and change it that way so I hope that helps you it does Basil, thanks for both all the analysis you did and I'm looking more longer term so have a great day and thank you so much thank you very much for calling a great oise of pleasure and folks it does up $164 $19 will be right back sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's youtube channel with Tiger TV live every market day from 8.30am to 4pm eastern for free each host is an experienced trader take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has 8 different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's youtube channel and become the investor you were born to be TFNN educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right? 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