 Let's go over to our mammoth the Basel Chapman as we do each and every Tuesday at 20 past the first dollar Don't forget Basil is an outstanding show here every trading day 12 to 1 Eastern Standard Time also a great newsletter the opening call now the way you get the opening call folks You come over to our website at TFN You're gonna hit newsletters you're gonna go right up there You can see the opening call right there. You can hit view you can hit subscribe Basil's newsletter is $128 for one month you can get it for six months for $5.95 Which is the savings of $103 or 22% you can get it for a year for 995 Which are savings of $541 now when you're over TFN in folks. We had our Tiger dollar sale from Memorial Day We did extend it just till today because what happened on Friday? We had some problems streaming just about all day long so if you Do want to save money at TFN in if you have any subscriptions right now They're looking to save money This would be a last day that you can do it until next December because we do these a couple times a year The way Tiger Dolls work you can either buy 500 which gets you 600 you can buy 1000 which will get you 1300 and you can buy 1500 which you get to 2100 So check it out the front page of TFN in that's what's happening. What's going on? That's a wonderful opportunity to get a big discount in the market. You don't often get that now There's no doubt man. There's no doubt and you know, it's amazing. It's amazing that Every time we do this like We've been doing a couple times a year now, but it seems like every six months is like Quick goes quickly. Yeah, quick So what are we looking at here Basil? Well, we're looking at the Dow This is the Dutch on the left is the dating in the middle is the week you on the right is the monthly Yeah, and as I'd mentioned to you a couple of weeks and quite a few weeks ago For subscribers to my opening call. We've been short today before the recovery high at 26,000 695 in the 23rd of April 22nd, we went short. We've remained sure we've taken some profits still remain short one of the reasons is The technicals you can see how the deterioration in the Magde the moving average convergence divergence here This is this particular technical tool. I'm outlining and the one below it in the red and green is the stochastic And that's only at 32% I suspect we're going to be going down Before we make a really decent tradeable low, I suspect we're going down to the teens maybe even the single digits So we're still raining short and you can see this I drew this end to make it much thicker in my show It seems to be very clear when it comes out when you're looking at it through Tiger TV The black line is the 14 period exponential moving average look out earlier It we were seeing the Dow and the other indices holding beautifully above that line And now it's just a tremendous repellent every time it touches that line even today You try to touch it with the Dow into 2717 and that black line is at 25,072 got repelled and now we down to be even below the pink line Which is a nine-period moving average I think that the patterns that if I can just show you for a second here patterns We're always looking at is the arch or the cup formation and you can get a mix of a straight line and then the Arch formation if you take out that left side low you can go quite a bit lower and we've seen that look This is the same pattern. Oops. Let me take that away There it is now if you look at this you'll see the very large arch that I was talking about in During my show when I was interviewed by you and we hit the 200 period moving average This is the orange line there. We've made another little mini arch formation So we've got to be real careful because if the Dow goes under 25,000 through 85 I think it's a real quick trip to be tested at 25,000 to 22 level. That's going to be important What has concerned me is that the the weekly chart has been trading under this 14 period moving average Since it closed on at four weeks ago now, so this is the third week since then we're under it So everything I'm looking at says huge move from 21,712 December the 26 up to the high of the 23rd of April at 26,695 the Dow didn't make a new all-time high that the S&P did just by a couple of points and the Nasdaq did But the the Dow has not done that. So I'm thinking that the Dow is now Has to do some retesting before we can have a pretty decent rally and that's important We are still short the SMH's which is there the semiconductor market vectors ETF the all-time high was 120 point 70 on a rear short from the 116 and we've taken some profits, but remain short is down down at 98 This is not a good sign. So I'll be I thought I'd mention again. I spoke to you about last week I'm the guest speaker of the Boston Investors Group meeting that yeah, that's tomorrow night. Wow time flies I know tomorrow night 7 o'clock Wednesday May the 29th 7 p.m. It's an MIT building e-51 room 335 70 Memorial Drive Cambridge mass and at this time of the year the parking should be pretty easy to get Because I love to love to see everyone is always really a good turnout and Questions I get quite a quite a few people are fundamental analysts and they they ask in these fundamental questions Which means that I have to do try to do an x-ray of the patient an MRI on the technical terms To be able to explain my point of view. So it's always a lot of fun a lot of a lot of interest in terms of The questions that are yes, and the types of answers and I'll be talking about You know the overall market what I'm anticipating why I'm still really a mega ball as far as the overall market is concerned But being for a little while now shorter term looking for more intermediate term pullback And then we can get started on the upside again And that's you know also spoke about the dollar the dollar actually is held very nicely We are long the dollar from April of last year down at 90 and That's trading right now at night. There's a dollar index trading in 97 96 good day today And it's here again. Look at this black line This is the 14 period exponential moving average in the data accounts held in the weekly chart So I'll be discussing some of the technical tools that I use and how you can make things very easy I mean this is a visual you can see I Call it walking the black line in this particular case. It's the 14 period moving average. Look how the dollars just hasn't done anything spectacular But it's just steadily moved up higher highs and higher lows So I'll be discussing these aspects tomorrow night at And so what happens here folks is that this is really easy to get to okay Cuz I remember going many times myself and as you're going down Memorial Drive You're gonna be looking to your right-hand side if you're coming from the south. Yeah Yeah, if you're going on the Memorial Drive, and you're going towards town, right? The exit before you get to the downtown exits. There's a little left turn It goes straight on to I can't remember the name right now, but it's a 70 Memorial Drive So the building corner is on Amherst. So you take a left and that's the one That's the one they want. Yeah, because that it's right on it's right that right exactly, right? So that's that's the one that makes it much easier and it's actually these days They were doing a lot of work, but now they're finished with the street work. I believe Cool cool Well, I guess he's Poor internet back and forth That's our man. Mr. Basil Chapman. We do appreciate him growling a problem with us and remember folks You can come over right over to our website at TFNN You're gonna go under newsletters you go under the opening call you can audit his newsletter right here right now