 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, there's a great newsletter, the Opening Call. Now, it's very easy to get the Opening Call, folks. You come over to our website at TFNN. You go into Newsletters and you're going to see the Opening Call on the left-hand side. Just hit that Subscribe button. You get the Opening Call for one month for $149. You get it for six months for $695, which is a savings of $199 at 22 percent. And you get it for one full year for $1195, which is a savings of $593 at 33 percent. Now they all come with a 30-day money-back guarantee. Basel has approximately 10 to 11 archives out there. You really get to understand the Chapman wave and how Basel rides that wave each and every day. Basel Chapman, what's going on? Well, what's going on is, I remember last week I was looking positively and said that we've been adding to our long position in the Dow three times long. But all of a sudden here, let me show you something. First of all, for those people who are not used to my work, let me show you the Chapman wave methodology. The core is that we try to identify the low bar. We've been very fortunate. We've been able to pick lows for a long time. And most of the key low points in the Dow. But this particular one, when I look at the wave form, when you get to the fourth highest peak, that's when you've got to be cautious. And we are looking at the Dow. We're in leg C today. We made a fraction of your high before we pulled back. Quite sharp. You know, sharp is the big gain yesterday. So this is still leg C. This is the daily chart. The weekly chart is still within this rectangle formation. And the monthly chart has this downtrend line called as the falling accident. It looks like a declining cone pattern to break out of. But if you look at the SNP and the reason why I'm a bit cautious is that when we get to a peak D or E in the Chapman wave methodology, yes, you can go higher, but that's when I get kind of that's where I'm anticipating that it could be some kind of a pullback. So if you look at the SNP, it's in leg D. So it's already accomplished what I call the buy signal upgrade to buy mode, which says you should go to at least a peak, not to you, but the price that we follow should go to at least a D. We made the D in the weekly chart. Look at that nice cup formation. And we're going towards the top. The nine feet in the weekly chart is still very the nine feet moving averages above the 14. The bank is good. Stochastic is kind of weak. And the monthly chart here as well, you can see we're bumping into this trend line that says you've got to break out of that decisively to start improving that monthly chart. Then we get to the QQQ one to three. There we go. This is the NDX 100 Trading Vehicle, the Invesco QQQ Trust series. You can see looking at the monthly chart, it's actually a little bit better. It's making a nice arch formation, but it's just bumping into this instance. You can see in the weekly chart it today made that leg D. So I was saying to subscribe. We want to be a little careful. We're not going to add, we've got some very nice positions. We take a little bits off to take profits. And I got a little bit cautious here because once we get to this D, I have to analyze and see how the market appreciates the technicals, if they improving, that's a very good sign. And to tell you the truth, the stochastic, which I look at for a long time. And if you look at any technical textbook, it'll say over 80% is overbored and under 20% is oversold. The implication always is if it's overbored, that means it must get underbored. I say no, no, no, over 80% is good. Over 90% is really good. Over 95% is fabulous. That's what you're looking for. So I don't have any signals right now to say that there should be a market turned down. But this is where I start to look at things a lot more carefully and become a little bit more cautious. I do like this 96% in the stochastic and the QQQ. And if you look at the SMHs, you and I talked about this for years now, how the estimations tend to be the market up or down. And I always think of the semiconductor, the chips as the oil of the 1900s that already fed the great economic growth through the 1900s, the 20th century. Now we've got the chips and they basically the same sort of things. So they are commoditized, but they are stalling here. If you look at the monthly chart, they're still way underneath the 318, a high that was made in January of last year and they dropped all the way down to 161. Now they've had a very good gain to 257 and all the technicals are still very good. So I'm looking at this and I'm saying, okay, what are you going to do to change that? And I'll just give you numbers. For instance, SMHs are semiconductors. If they start to trade next week under 250, I'd actually like to say under 247. That says, oh, trend change. That means you're probably going to get the QQQ trading underneath that this point there at 318. If they start training under 309, that's not very good. And the S&P, I'm going to give you the level of, it's already done in this particular path that I talk about this expanding co-information that's declining, I call it the falling ax because if it breaks out to the upside, it can go one to one to the upside. So it's done, not the one to one yet, but it's done a very nice expansion in the same degree with the same number of parts. So if the S&P suddenly stalls in a source to trade under, I'd say 39.92, that's going to be assigned to say, uh-oh, got a problem in the Dow. I'll give you the Dow number at this particular point. The Dow should go to a leg D. It's in the leg C. It should have a pullback to make that peak C so that there's no new high to make that peak C. Pulls back and then it breaks that peak C for leg D. So that says, this got a little bit further to go, but at any point, if it takes out the 32,600 level, that's going to be a problem. So those are the things to look for on the downside. But in the meantime, as I say, the technicals are actually pretty good in most of the indices. And I'm following it, I'm just following a pretty tech if you're based on the Chapman-Wade methodology. And so far, we still remain long. And of course we have a holiday week happening, right? And it's a shortened week. So that means we wrap up Thursday. And that means if you get a down day tomorrow with no new high in the Dow, and then Thursday you pop up, it says who? You're a little careful opening up the following week, the week of the 10th. But so far, as I said, I've got to wait for those things to unfold. I don't want to over-anticipate. Although as I said, we've already got leg D in the NDX 100, the QQQ, and we've already got leg E in the S&P. So what do you think about these rates? You know, it's so interesting. I was going to ask you this question last week, and I thought, I'll wait, but you've just asked me. I was going to say to you, is there any chance, and I'm just throwing this out, I haven't really got an answer, is there any chance that the market, you know how the market takes a particular issue and then starts to, it's very important. Then it pushes it aside. So my question to you is, do you think that there's any chance that this market could continue holding very well? It doesn't have to break to the upside. It doesn't have to break to the downside, but holding very well, anticipating that it's getting used to the higher rates, because I mean, once the rates start to go up, that's a problem. But I'm looking at many things that say there should be some sideways movement in the TLT. You can see the TLT right here. Look at this, this is the rectangle in the weekly chart. So I kind of dismiss rates for the moment, but so the question to you is, do you think the market could handle just the issue that the rates could go higher or not? Yeah, no, I think the rates have topped myself. I think- Because they stable, yeah, the weekly chart. Yeah. Hey, happy Passover. And happy Easter to you. Big time. And we look forward to the show tomorrow, Basil. Thank you very much. Thanks, man. Stay right there, folks, you're coming right back.