 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now toll free at 1-877-927-6648 internationally at 727-445-1044. Now, Basil Chapman. Hi, everyone, Basil Chapman. This is the Tiger Technician Hour. My pleasure to be here. Monday through Friday, noon to 1 p.m., 877-927-6648 is the number to call. I have a lot of things to go for. I had a lot of very important questions that came in. Of course, I'm doing a webinar Tuesday. There's coming Tuesday night, 5 o'clock to 6.30 for subscribers. You can become a subscriber. You'll get the webinar for free. It's only for subscribers. And you'll be able to look at a number of webinars that I've done plus review this webinar as many times as you want. It will be on the technical analysis, what we're looking for, why we're doing what we're doing, what we're doing, and some very simple technical tools that can be used hopefully to your benefit. Now, the Dow, as I say, is down 67. It's stuck in this rectangle formation. Gosh, should I do that? Now, let's do it because I've got my webinar coming up. I'll be discussing this type of thing in the webinar. Now, let's see if I've clicked the right one. There it is. I'm pretty sure that's it. Yeah. So I did quite a lot of work on this last night. I'm always doing work on this. I try to use some technical tools that are the absolute simplest that you can. I mean, there's nothing more simple than using two technical tools like a nine period exponential moving average and a black, this black line here, that's the, I'm making nice and thick, is the 40 period moving average. You can use anything you want because just be consistent. Whatever you use, use the same thing over and over again. Now, I have no idea if this is going to work. We tried it once. It got stopped out, but we're not back again. As I was doing this, I showed you the rectangle formations from the high of the 22nd, the day before the high of the 22nd of April. I had a cell signal in the Chapman methodology. We anticipated through the 120 minute chart and it was a day early, but it was great because look what happened, that rebound didn't take out the high that was made in April the 23rd. Then it plunged sharply and went down to this doji candle low. And that was the low of the June the 3rd. We managed to be, I gave a buy signal that day and it worked out quite nicely. Now what's important is that we then got seven points from the top. We got the cell signal on right here. This little doji candle on July the 17th. Wasn't that the 16th? Yes, it was. It was the 16th. And because of the candle the day before, so we had it in a certain point. I said that we're going to short the Dow. If it goes over 27,000, what did I say? Oh, 27,390. It went to 27,398. And then we just sat. I mean, I said, it looks kind of stupid because the market pulled back and hit the nine period moving average. It bounced. It tried to rally. It failed to go above the high, that high of the 16th. And then it went, it went for 13 days before it's smacked down and that green line turned to pink as it crossed the 14 period moving average. And then it came all the way down. Now what's also important to see right here, this was 10 sessions from the April high. This was 13 sessions before it crossed negative July the 16th. And this one here, we just missed it. But we got a little later on and we got the short about 100 and so points from the top. The high that was made right here at PD, I think it was right there on the 12th of September. And look what happened came tumbling down. Now what's really important about this is the more work I did, the more I realized, wow. I talk about rectangle formations. But wait a minute. What happened today? Didn't we just see in the, look at this. This is the 10 minute e-mini. It has a pop up at 2 o'clock yesterday. There was a Disney pop and then it pulled back and it goes to the 200 period moving average and then it forms a rectangle formation. What's my expression? My expression is that we'll talk about this in my webinar. A rectangle formation can last a lot longer than your patience. Well, lo and behold, look what happened. It goes, and what I always look for, the fourth highest peak, peak A is the first, peak B, higher peak is peak B, the second one. Third highest is peak C, fourth highest one is D. You can even go E, F and G, but D, the fourth one is where other things can happen. Whoa, did other things happen? Look, it hit the high today of 3,099.75. That was peak D in the 10 minute chart. It comes tumbling down rare to the 200 period moving average. And then it goes sideways. And look how long the sideways action continues. My expression is sideways rectangle formation can last a long, long in your patience, even if there's a pop to the upside. If this is a high level consolidation, you will break to the downside. And then you'll see whether or not there's an attempt to get back into the rectangle or you start to make an H formation and start to make lower lows. Well, that's exactly where we are. We just went to trough D in the 10 minute chart. We went down from the 399 level to 381. And now you're at 386, trying to get back in. So because I said that, I want to take you straight to the picture that we're looking at. And what does it say? It says right there. It says that these rectangle formations at a top tend to tell you that unless there's a breakout in a certain number of days, it could go sideways and then possibly break. Doesn't say it's going to. It says possibly break to the downside. So I said, well, let me go back even further. And there's another peak D right here. Back on the 25th of February, the Dow is 26,241. It goes sideways, makes that U-shaped formation, tries to get back further to make a new high. And then kaplop, it pulls back. So I said, all right, I'll be right now. So in all those instances, we had a bad news cloud cover. Right now, these impeachment hearings are going on and on and on. They're going to keep going on until everybody's sick of it. I think this is a terrible mistake. If you have something very specific, go for it. Go for everything you've got you deserve to go. But when something's a little bit nebulous, not a little bit, it's quite nebulous. And there are really two sides to a story. I just think when I'm looking at the Democrats, I'm saying, Democrats, come on. Now you've just added our former governor. And here we have different opinions of our governors and our senators, depends which side you're on. So some people love Patrick DeVal and some people really think that it was a mess. There were terrible scandals during his time in office. And now he's running for president. He's going to announce it tomorrow. Instead of whittling away and coming down to two, not three, not four, five, but just two candidates with less than a year to go. This is not the time to be, I mean, it's like the stock market. Focus, focus, focus. This is what you want to be looking at. You can't be thinking of everything else. And I think it's a big mistake. Looking at the bad news cloud cover, we don't really have anything just yet. Not only that, the high that was made right here at 27,774 was normally taken out yesterday at 27,086. Let's see. And today the high is 27,800. Missed it by seven points, just extending that. So there is nothing here. You can't even say that we're in a sideways consolidation because we've only gone one, two, three, four, four days. So it's just the start of a potential sideways. And I've drawn the line all the way down to the 27,300 level as the base of this rectangle. I should actually make it the low that was made. Let me do that to be very technically proficient of this finish. That's the first level of support, 27,570. You take that out. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, TAS understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the TAS Profile Scanner to profit. 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Details on The Tiger's Den are on the front page of TFNN.com. TFNN has launched our brand new website. You can still visit us at the same TFNN.com URL but when you do you'll see a new and improved homepage with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com educating investors. Call now toll free at 1-877-927-6648 internationally at 727-873-7618. Alright we're back at another dollar down 72 minutes. I mean yesterday in what was it seconds there was this big drop. I was actually busy at the time away from the office and I classed my cell phone and I grew up a hundred and sixteen I think it was. I thought whoa that's a it's a pretty good day so far then I just minutes later I looked at it again and it was up 34 I thought what happened and then I look at it again a little while later it's like up 98. Alright so what I am looking at here is I have no idea whether this is going to be we're going to have bad news a bad news cloud cover but it's within the next three sessions if there's going to be any weakness at all the next sessions needs to see the down underneath 27600 the nine period expansion moving average and that'll say yes this could unfold we could have a chop chop chop and then a sudden drop later next week and although going to Thanksgiving sometimes there's a rally but we'll see. Meantime back at the ranch what we're all looking at here is the mag D I'm not showing it at the moment but the mag D looks very much like the nine period moving average over the 14 and in fact in that particular instance it's the nine period differential over the 26 period so there is a difference but so far this is really good technically you haven't even started the arching over of the nine period moving average and that should start within a day or two so the semiconductor index how it acts and reacts tonight if there's applied materials in the video if they give absolutely outstanding both results and look forward period we could see a big gap up tomorrow we don't have to just deal with that in the meantime what we're all looking at is the stochastic at 93% is good that on balance volume is saying upside is seeing a lot of resistance and it's exactly what you're doing it represents very accurately the elastic band being somewhat stretched over here the elastic band could snap as prices zoom into the 28,100 level if there's a spectacular news this this afternoon going into tomorrow at this point we don't have a consistent theme of negative news but there is the cover that's starting I believe and we'll see what happens okay enough with that now I have to go to these things I just wanted to show you that the dollar DXY is pulling back oh hit the wrong thing the dollar is going to be right here always forget out of the one the medium to the other the dollar is down 17 ticks 98,20 so this is going to be a PXC today we'll see can I make a D I don't like Ds that are way underneath the previous high in this case PXD in the daily remember how important those Ds are on the 1st of October that was also PXD in the weekly and leg D in the monthly we don't have a good rally this month might turn out to be a PXD in the monthly as well so we've got to watch this very closely the EUR USD euro is rounding a little bit off the low the USD JPY so that was up 1.101 up 0.01 and the yen USD JPY currency pair down 45 and 108.35 I mentioned yesterday I believe it's going to be in a sell signal to sell mode that's the down arrow right end of the daily weekly is still holding quite nicely monthly was repelled right at the 40 at the black 14 period moving average so that's that's struggling a little bit now let me go to a couple other things really quickly I said I do them this is crude oil crude oil right now holding quite nicely down five cents of 5707 remember what I said the two I'm going to be talking about these in my webinar coming up next week you'll you'll learn about a whole bunch of things you just put them on your charts you don't use them ever until they appear as important and right now that that orange color 200 period moving average in the daily I had said yesterday well I've been saying for a week very important you've gotten to your PD you haven't pulled back and crude oil it's in a trading band between the 14 period moving average look for black line and the 200 period moving average the orange line 5728 you can say that a little while longer if at any point it breaks into the 5860 or higher area that's that means that it's now being propelled this resistance magnet line is becoming a propellant as it moves up and if it pulls back it says that's your resistance 57 and it can start to try to hit the 56 area all right enough of that TLT real quickly and then boy I've got a lot of questions coming in the TLT is up sharply it's up $1.64 138.13 you remember what I said there's a good chance that if the market starts to find volatility or that always means in the massock market lingo that it means it's going down or it's very shaky it can't hold gains money will flow from stocks to the so-called safety of bonds and there are 138.13 in the TLT 163 that's a big move up and look you've gone back into the dreaded age pattern above 136.54 the left side high this is very important because the weekly technicals are very poor the dailies are trying to improve but if the TLT starts to trade in the 142 area or higher in the next week I think we're going to see quite a bit of a drop in the stock market in the short term all right now let's go to this questions that I've got so let me do this one at a time Roku I had it in my newsletter this morning in that first paragraph that I always do my traders corner and what did I say CLVS Clovis and ROKU did very well Wednesday but the market could slide so we're just keeping cash ready that's the way we are right now we have short positions in indexes but we don't have any short positions in stocks and I want to do today I got a question last night as I did my work I saw well maybe during the day yesterday when I just glanced at the ticker on CNBC I saw Roku go by and I said Roku it made that peak E top and then earnings came out I should have spiraled high in that 151.48 to 151.32 highs and a peak E gave a 7 way for 2 bar reversal it gaps down it comes all the way down to the 118 something area 100 and sorry 16.26 area and I looked at it and I thought you know if it starts to fill the gap I love stocks that gap down and then fill the gap quite sharply away from the gap that's usually a very good sign well lo and behold Roku opens it around number 142 today and I was going to give it as a buy I was thinking of a call option and then I said you know we've got positions I want to just handle these positions sometimes I have to just step back I want to overburden myself I just need to be thinking clearly I love this it had Chapman falling X formation what is that there's your long-term handle he has the X blade X handle actually expands wider and it's like a cone expanding cone with lower highs and much lower lows and if it turns around and breaks the upper resistance level they can go to the previous left side highs and that's 151.48 so as I'm sending this out my newsletter out I get an email from one of my subscribers someone who's done webinars and all sorts of things I really understood and trades the Chapman methodology asking about Roku and what could I give an analysis I thought well that is a coincidence well it turns out that we're looking at pretty much the same thing that I had said if it starts to move about two points above that trend line resistance you know it has a good chance to go even higher and if the MACD the moving average convergence divergence and the daily crosses positive it wouldn't take much for the week to cross positive I'll be back and we talk about this we'll talk about NVIDIA we'll talk about Splunk SPLK for all the questions that came in in VTA and Tree I'll be right back Basil Chapman our conditions are Basil Chapman has just announced a live 90 minute webinar he'll be conducting for subscribers to his daily trading newsletter the opening call which will be taking place Wednesday November 19th from five till 6 30 p.m. Eastern time titled a comprehensive review of the Chapman wave techniques and market 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F high of 176.55 all time high peak C in the weekly peak F in the weekly chart so monthly chart peak C and I just be real careful here if you're thinking of shorting or even buying puts anything no it's I think it's more calls than acting under the radar that's where you want to be in this particular environment in areas where the market just doesn't even looking it just whatever it is it just does its own thing so Roku be careful next thing is NVIDIA NVIDIA comes out with earnings today NVIDIA trading like this that it looks just like the SMH's now I'm little concerned because in leg D in the in the weekly chart with a doji can look out stalled but I've seen Roku I'm gonna say NVIDIA come out with earnings where you can even see what earnings are of course I can't remember what is today's November right go back three months so we go one two three so let's look at one two three let's go to August where's August August is what are we in in October June July August so was that the last earnings was it right there ah wait let me just check August September so then August I don't know what date was anyway it must be around about this date so on August the second it saw us down sharply from 175 and then it's a doji candle and it has a trendline support 200 period support level and this sort of a really good rally so I and I remember applied materials it was a little earlier on in the year it was way back it was last year that's where the earnings came out and they started to plunge applied materials also not at an all-time high but a very nice right it looks if I didn't know earnings were out today I'd say hey high level consolidation this is more likely an F B at this particular F C I'm gonna put that in F C and I would consider that there's a chance that there's a pop to the 58th it's a 56 right now there's a pop to the 58th maybe even retesting the 62s all-time high March of 2018 applied materials trading right now down 32 cents a 5680 if there's any news that is interpreted negatively that is going to be very important why so the question here is I would be drawing the rectangle formation that says in a shorter time frame if at low holes you can have it inside Chapman Wave buy mode that can take you to a D and you got that in the 1820 minute chart let me just show you here so you went to peak A peak B peak C peak D E and I went to a peak F and that rule of thumb says in the rectangle formation you can this is a different this is not the sideways rectangle that goes on for a long time this is a sharp move to the upside like a flag pole then a sharp move to the downside that find support and then a source it doesn't take out that or it's a gap but it doesn't take out the low that's of importance and it keeps moving up with higher highs and higher lows that should take you to a D now what happens is within this context the rule of thumb is it can go towards right on or just over the previous high and then expect some kind of a pullback not to the bottom but to at least maybe a halfway point or a moving edge of importance in this case that would be the black line 55 73 and that's the way I'd be looking at it would I be shorting it right here applied but it's a bit of a gamble in the sense that I don't have any weakness and that means if there's anything even remotely positive there could be a sharp spike to the upside my thinking here is that the semiconductors in the sideways to slightly lower highs and low lows move at this particular point I'll be completely wrong there's this huge gap up tomorrow but that's my thinking right now and that says well maybe there's a little bit of an outlook disappointment in the sense that they can't give an outlook at this particular point so that's what I'm thinking there now in video the question was actually I had to get funny enough I had within space of minutes I had a whole bunch of questions from different people asking about Nvidia so Nvidia one of them was I've got very nice profit in Nvidia what do I do now with earnings coming out so this is the only way that I could tell you that I would I would handle it right now if I was long in Nvidia and I had a really decent profit I maybe have 10 shares maybe 100 maybe a thousand I don't know you forgot to tell me how many shares they would make a big difference because if you have enough shares I would say a 207 I'm looking at this and saying just for the moment I suspect that over five points 202 as a support level I don't know if I would mess around at all that's number one I'd stay in the position what I would do is if you are a little bit nervous right now I would take a little bit off so you know this is this is tough for me because I don't want to it wasn't my trade it was your trade and you did beautifully just trying to find if I can see in the question itself I don't think I'm going to find it right now because I've had so many emails since then yeah we go is that right no I don't think I can find it but it's a pity I'll try to find in the breakers that is really part of the question here if you have long-term gains I would not get out of any position just because you might have to make capital gains if you get here this is two separate things I'm just going to say this if you have enough shares to say you know I'm a little nervous I don't want to give back such great profits then please take something off right now as we're speaking 207 72 you're not getting rid of your position your money managing you're saying if it's skyrocket to the upside I have enough to say wow that's great I'm not making as much as I would have an hour ago but I'm doing very well but if you're a little nervous and a 207 74 we're looking at tomorrow it's it opens at 202 five points is not a big deal in your long-term position but that could mean that it drops quickly to 198 over a period of two weeks after being so good so I'm just going to say I would recommend yeah maybe getting out a little bit now the other thing is it's going to have to be really bad news to gap down five or six percent and if it is five or six percent and it holds to the end of the day Friday and it starts off with a gap down Monday then it's going to be a little late to sell because my thinking here is it's done so well Nvidia trading down 80 cents right now 207 78 that if the 194 level of the weekly chart it's just going to be major support if there's a big pullback this isn't looking very good but if the outlook says that we really cannot tell what's going to happen for the next six months I think you'll have a better chance to get in and you'll be able to redeploy that money that you take out let me sum it up real quickly two people have positions and asked about so we've got a break coming up I do want to take a moment just to think it through because I want to articulate a thought here that I have because the magnies turned down the stochastics that 81 percent is very close to pulling back if there isn't good news so I 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TV for the latest market information Okay, so I thought it's true and my contention is this it's got this oval pattern the magnate is turning down in the video the weekly chart is still really strong the monthly chart hasn't crossed positive in the on balance volume it but the monthly is still only halfway through so it's a nice leg be in the meantime this is what I'm going to tell you to do if you've got a position and you say yourself you know I'm really happy with the profits I don't really want to give back more than a few points because it's been in this trading band and I've held it through the trading band supported 204 I'm going to suggest take something off right now just to make yourself feel comfortable and the next thing you know is trading at 215 tomorrow you say okay I need to be comfortable now I'm really comfortable because the amount of money made for my taking off is at least putting me slightly ahead I haven't I haven't gone that much because I've taken some off but I have gone at some and I says now the big cushion this will be the chapter wave store formation if it breaks out says you should come back and test within the oval at some point so you'll have a chance to put that back so that's what I'm saying now let's just say it just it gaps down so much I'm applying material one of them does one of them does something something else let's just say it's Nvidia that has the pullback you could you could do something tomorrow but you will have given up both the core position plus this little trading position that we'll be taking off and that makes it a little more difficult that's why I'm saying if you ask me the question says you're a little bit nervous I love the weekly I love the fact that the monthly is trying to go back but if at any point in the next month it starts to trade under 194 it's going to be in for a deeper consolidation that's quite a bit from 207 right now so I'm saying take a little bit off sleep well and the other is would I buy it now I couldn't tell you to buy it now where would I buy give me a yell when it hits 198 in the next six weeks if it does that if it doesn't we'll have to just deal with that but okay so and everywhere in the market look at in the den and someone said today it says every drop is bought yeah every single pullback that's why you get your rectangle formations but until it breaks out decisively you're stuck in a range it doesn't mean to say because every every dip is bought and it's going to go higher next question I'm going to do real quickly NVTA NVTA is NVTA core it had a very sharp decline from the 28th back in late summer it drops all the way down to the 14 level this is the 200-period weekly chart support acting okay right now it's trying to formulate some it was too deep for a peak C it should go eventually to a D diagnostic genetics 17.50 up 12 cents right now NVTA but I then it just says to me it needs more time so I'm going to ask the question is did I lose the question altogether don I had them all written down um yeah NVTA I had it already I'm sorry I can't answer the exact question I'd rather just do the analysis right now I've got it here somewhere get it get it get it get it no no no no no it was early this morning wasn't it alright I'll try to find it but in meantime I'll just rather do the analysis regardless of what the question was so because in diagnostic genetics you know all these genetics are all doing different things these biotech stocks we have a biotech right now that's up 4.5 in the day you just you never know what they're going to do they tough they tough cookies but this one's been very good to us so I'm just going to say 18.32 is the weekly 14-period exponential moving average I kind of like it here as a starter position I know that you've been this before and I remember you did take money off now I can't remember what you said about being in right now but what a question why do you think NVTA will go to the monthly basal most monthly charts eventually get to D a majority of monthly charts if they can get to a C and it's very nicely higher way off the lows in this case under 5 in the winter 28 yeah I think it will get to a D time is the issue yes so I'm just going to say if you aren't in it you could start a position here at 17.50 because you're looking at longer term a lot needs to happen but this is maybe the starter position and because it's a starter position and we're looking long term I can't help but say to you the 16.30 level right now it's at 17.50 just for the next couple of days that's what I'd be looking at as key support we'll deal with it again I'll look at it again on Monday but I'm saying yes I think now if it can close nicely over peak A in the daily if we can get to wow if we can get to the 15 period moving average of 18.60 that's a point higher and it can do that without breaking under 16 that'll be your second sign that the weekly chart is starting to improve very slowly but the stochastic at 10 not good enough for me I want that stochastic to in the weekly chart and then I'll say okay maybe now we've got something this is just the starter position next question that was tree this is a lending company I believe and tree lending tree down 460 at 370.87 it sounds like a lot but it's a $370 stock so the question is what I'm going to say that just for now because I'm sure I have the impression that you've been in this for a long time it made a peak D in the daily in a leg C probably a peak C in the weekly chart monthly chart is very nicely above the 9 period moving average I'm going to say that for now don't do anything I don't maybe the earnings coming out I didn't get that message if it is I can't deal with that because I don't have it in front of me I like the chart it's just struggling a little bit and it could make an arch formation 370 if you're a little nervous about this put a stop on some of your position at 364 at 6.7 364.50 it's got time we can still look at it again the next two days it's acting pretty nicely it's just struggling I don't think it's going to make a lady about 392 in the next couple of weeks I think it has to digest the gains that it's made next question I had was I did Roka did that did that did that SPLK SPLK sorry to be rushing through a lot of stocks today it's almost like oh SPLK I looked at this last night actually by chance and then I got asked about it today I hadn't done any notation until I got the question but I was looking through stocks that people had mentioned to me over the last week SPL SPLK trading 118 down $6.60 it made a PD doji with a Chapman 2 bar reversal I'd be very careful of this Splunk looks like it goes flat I'd be in fact if you ask me I've got a position in this what should I do I might regret saying this because I'm on the air and it's a lot of responsibility but everything I'm looking at right now says the seller from peak D in the monthly chart still says there's a lot of pressure to the downside at 118 please take a chunk off that's all I'm saying take a chunk off or just put a stop of 162 points at this point isn't going to make too much difference maybe it'll hold it to the 116 level I don't like what I'm seeing you can always put the money back right now I think it's going to test the 116s 2 points lower and if it takes that out you've got yourself a second arch formation be careful we talk about these arch formations next week in my webinar it's from the Tiger technicians for my subscribers to my opening call it'll be coming up on the 19th Tuesday at 5 o'clock for subscribers an hour and a half looking at the technicals and what we what what we can use what we want to use going forward for the next six weeks to I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers to share if you're looking to become the best of the best when it comes to managing your money let me teach 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a newsletter to fit your needs exclusively from tfnn stay informed each day you trade and get that competitive edge that will help you stay ahead of the game visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox our hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionic soil based vitamins minerals baddie and amino acids and an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right page they ensure we receive all the nutrition we need to be healthy we take it every morning primal edge formulated and approved by nico and page of living a primal lifestyle buy it today for just $89 click on the primal edge banner on the front page of tfnn.com hi folks this is steve rhodes stay tuned for another great hour of the trader's edge heard here at tfnn.com hi folks so Jason I just did it I didn't have a chance actually to read your email I just saw the actual NVTA so I see you've already got a started position a little bit lower down congratulations now you've got a bit of a cushion let's just deal with this one step at a time because it's ignoring right now it's ignoring the general market I want to see stocks like Rocco I want to see them ignoring the general market right now and one of the at least two of the stocks that we have are kind of ignoring the market I like that's what I want to see however at this particular point what I said still goes everything applies to your question and yes that at peak seed was a little too deep to the 200 period moving average doesn't take a lot of time but at some point I would not be surprised to see NVTA in Vitia not in Rydia but in Vitia what a coincidence huh corporation diagnostic genetics going to now today so just because you remember what I said about the rectangle formation so every time it's dropping there's feel oh great great and every time it's raining the bull say yes but look at the range you're stuck in the range you're back right on the 200 period moving average in the 10 minute chart let's see how this plays out now remember just do this real quickly because I'm going to be talking about it a lot in my webinar coming up look at the 200 period moving average I'm sorry look at the 9 and 14 period moving averages that's the dollar I want to show you the Dow look we have not even begun the process of pulling back so when we were in short it was in exactly the same position I don't know if this is going to work out you can just do what you do based on your technical parameters and your technical tools so what I'm saying is yep there's a chance we could have started the sideways consolidation in a sense we've got the bad news it's not great to have an impeachment hearing it's just not good but you know Trump and things that say he's like a duck you know the water just everything just runs right off it doesn't matter to him so that's fine so bad news cloud cover it isn't yet bad if the general market drops 2 to 300 points all of a sudden you're going to hear some bad news and that will accelerate nothing will happen until there's this sharp decline in the Dow that gets close to the 27,480 level of the black the black 9 40 period exponential moving average this is a you can see how long it took to 13 days back in July it took 14 days back in September before it broke down this can go on for another week or so but I am thinking upside is limited that's the most important thing say to you for Steve say to you for Dave and then Tom