 Why man, Mr. Basil Chapman, as we do each and every Tuesday at 20 past the hour, and don't forget, folks, Basil has an outstanding show here every trading day, 10 to 11 Eastern standard time. Also, it's a great newsletter, the opening call. Now, it's very easy to get the opening call, folks. Just come over to our website at TFNN, you're going to see right into the featured content. Basil had just finished a webinar last week, you know, it's very applicable this webinar. Bottom line, when you get the newsletter, you're going to get the webinar. In fact, you're going to get more than just with this webinar, you're going to get basically, there's about 10 more out there, so you can get the opening call for one month for $149. You can get it for six months for $6.95, which is a savings of $199, and you get it for a year for $11.95, which is a savings of $593. Now, they all, folks, come back with a 30-day money-back guarantee, so you can check it out. It works for you. That's awesome. If something doesn't work for you, guess what? End of the month, you can get your money back. So check it out. Ride that wave. We've got a great traders market out here. Basil Chapman, what's going on? Hi, Tom. How are you? I'm doing great. Youself? Very good. Thank you. I think we're starting to see spring, and that's important here in the Boston area. Yes, I know. And I know that the marathon was running right close to your house yesterday, wasn't it? I actually wasn't here, but... I know. I heard you getting on the plane. I know. No, I wasn't on the plane, but I was taking someone to the airport, so... I see. Oh, OK. OK. OK. So, yeah. Well, talking about a plane, the Dow finally is flying above the trendline that I spoke about. OK. And this I discussed in my webinar, a whole bunch of aspects that we'll talk about right now. There's a pattern that I always look at, the rising prices, get you about a peak C or a D, and suddenly it starts to turn down, and it pulls back and it makes lower highs and much lower lows, then all of a sudden it finds some support. I call this a falling ax. It looks like an ax more. It's like an expanding cone, a declining cone. And then what happens? It finds a base, and it struggles and struggles, and then it finally takes out the declining line. If that is the case, and it does it in a very strong manner, it can have a one-to-one to move to the upside. I see. And it forms the cup formation. Well, lo and behold, look what we've got. I've been discussing this for a couple of, actually for about a week and a half, because we've had this same pattern right here. And the Dow finally, it couldn't, actually I had this lowered down. I tried to make it as strict as possible, hitting as many key highs or lows for trend lines. But once it starts to break above, I also keep it, I still try to be as conservative as possible. So I raised that and said, well, the Dow, look, it was down early in the morning, it was at the 200-period moving average. And I said, it's got to break and close sharply in the 34,850 or 70 area, or even higher in the next two days, because it's running out of time. It's got to break that trend line. And if it does, all of a sudden, that pattern, I'll show it again. The pattern I was talking about, this downward expanding cone becomes a cup formation. So now, days young. Anything, we've got 25 minutes in the last couple of days. You've seen big setups in the last hour, so we'll see what happens here. But so far, it's nicely above this trend line. The really big thing for me now is, is it possible for the Dow to use the 35,050 to the 34,970 area as a springboard? Because if this fails and breaks and goes in the next couple of days, if it takes out today's low of 34,000, let's call it even 34,400, that is really bad. But I like what I'm seeing. I mean, the conditions, you know, we're talking about, you and I spoke about the TLT last week, I believe it was, just before I was going to do my webinar. And I had all week, I've been talking about this TLT. Finally, it's broken. Key support in my thinking here is, if there is a chance that the TBT, which is the inverse of bonds, in other words, the TLT, is the, it looks like the yield. In this leg, G slash B at 2625, if it's able to have this little doji, start to pull back tomorrow, I don't know what the reason could be. After all, it's Fed speak day, anything could happen. But let's just say this pulls back. That'll be the first time in quite a while that yields at least of being just momentarily off the table. I think that might help the general market as well. So the reason why I'm making a big deal about this breakout today in the Dow is that with all the negativity, with all the bearish talk, with all the, you know, now the Fed has been, there's a conflict in the Fed, but you have a lot more hawks than you have. You know, the people who are kind of dovish and not looking at yields in the same way as they had. I think that there's a chance now that we have at least a short term decent rally. And if you're looking at the commodities, you know, look at crude oil, crude oil is pulling back very sharply, it's down five and a half, stuck in this range, still very high, but it's kind of moderating a little bit. If you look at gold pulling back a little bit here, stuck in a range, doing very well. So none of these are breaking down, but it could be just a hiatus that maybe the Dow and the S&P need. I don't, the NASDAQ's going to need a lot more. There's no real leadership yet. So you're speaking about IBM. Look, same chart, IBM, same falling axe pattern. I'll just pull it across. People can see, runs up to a peak D at 133.08, pulls back. And the big thing now is, is IBM after, how many quarters have they disappeared? How many decades have they disappointed? Since 2013? I mean, it's just unbelievable. So if they can be, even if they give a hint that things are sort of turning around, and IBM in the next couple of days, instead of breaking back under 126, it's at 129 right now, can move into the 132, 131, 132 area. That breaks this downtrend for the moment and it starts to maybe form a cup. And that's a Dow stock. So I'm looking at the Dow, something a little bit differently. I'm looking at it differently to the other indexes. It's in a way, it's a little bit of a leader, but we'll see if that continues. And folks, it's very easy to get Basil's newsletter. Come over to our website at TFNN. You're going to see right under featured content, the opening call. You hit that button. You are off to a racist. Basil, you have a great one, a safe one. Of course, you look forward to show tomorrow morning. Thank you, Tom, you too. Thank you. Stay right there, folks, to come right back. Dow industrial is right now at 515, that's like up 296, S&P's up 73.