 Let's get over to our man. It's the Tim or as we do every Tuesday and Thursday and don't forget folks You can reach Tim every trading day at odd or D dash oracle comm. That's odd or D dash oracle comm Tim or what's going on brother? Well, I think you over some charts. I Time to go through all of them, but we have time to go through all of them. This market's a trip Tim. No doubt Let's see what you got going here All right, chart number one The bottom window is a six three day average of the trend. Yes, and this is current and market Anyhow that bottom I got a mark kind of light pink on the pink. Yes, I can see that. Yep Yeah, six three day train gets down around one or lower usually it kind of means trouble for the market, okay and the Red lines and and pink areas are the times when that Six three day train was below one and we're still there Hasn't really moved much even though the market's backed off Train a couple of days it gives kind of high But not enough high enough to really to just we're near a low. This is like a near a minute term low Okay, I'm thinking we're gonna Kind of build some sort of a I don't think a big decline in the making here But we're not really a really ready to rally yet Until we start getting more panic than what we've seen So that's I think we may be here for another month, you know in this vicinity or a little bit lower You're gonna drive crazy You what I said, you're gonna drive people crazy. I love it. Yeah, it's gonna drive everybody crazy You know once our tanks are showing up then we start looking a little bit more bullish So let's flip the chart to okay So that was the chart one that was a six three day average of the trend This takes it down to the bottom window is a five-day trend and the next window up is a 10-day trend And I marked the times with blue lines the times when Both those got in bullish territory for the five-day trend and needs to get up close to 1.5 and for the 10-day trend needs to get up to around 1.2 and I took this chart back with three years or better and You can take it back far as you want The story is always the same. So we're not even near Bullish levels on the five-day and 10-day both of them are close to one one's a little bit less So we need to really start seeing some panic and panic forms When that trend gets above Actually 1.2, you know higher the better right so let me just I just want to reiterate We just saying here because of between the first shot and the second shot right that Yeah, it's specifically saying that there hasn't been enough panic yet. So you might even not get a bounce Is that would that be correct? Yeah, I thought we'd I tried to actually get along here a few days or a week week and a half ago and We did have a couple of turn trend readings that were decent. I thought okay. That's good for a bounce market didn't even bounce Okay, and that's a good sign that That you're gonna need a lot more panic to get this market Yes, balance even right and even a couple of days ago last Friday You know the I think that closing trend on that day was point seven seven market did go up for one day We're back down again a little bit today But you're gonna need a lot more You know people thrown in the towel type readings in the trend and the ticks on the clothes to really get a bounce going You know, it's interesting the attempt is that this is a dangerous time of the year for this to happen, too It really is you know what I mean? Well, you know see is now the why is you know This is of all the quarters to be in yeah third quarter Which we're in right now is the worst quarter of the year right now That's my point that I mean I remember you know specifically Like if this is gonna be a razor blade cut on the way down little by little you drift your drift You drift and now all of a sudden you get a couple big downdrafts, you know four or five weeks from now Then that it really I mean I remember one we were on the air my god That's and that's that's when the big turnaround came It was a razor blade cut for like six weeks in a row man. Do you know what I mean? It's like just never stopped so it's be interesting. Yeah, that could be here, too Right now, you know, you're not seeing any great signs of panic you know people kind of buying the pullback seems like and and You know that they can abound and nothing really happens and they start hitting new lows and right and folks with that What happened now? It's probably going to be you know, I don't know exactly when the bomb is going to be but You know a lot of times this September maybe October, right? You know August is almost over. So right so I think you get really nasty in the next four or five weeks or whatever No, I'm with you because last Friday when you just brought up the aspect of the trend being a point seven three, right? We shouldn't have got that because that's saying everyone's buying again, right? Yeah, they were buying it right. Exactly. Yeah one in front of it and right You may have got a decent bound but yeah point seven seven done, you know, yeah They would that means folks know you're not gonna get anything. I mean that's about as bullish as you can get but it's bearish, right? Exactly. Okay. Yeah, it's bearish, you know, right? If you ever do that statistics on on the trend I forgot what it was. I think it's up Advancing issues divided by yeah, finding issues divide that by up volume divided by down volume, right? And so you do all that rigmarole and you figure it out and basically what it says is we got you really want Volume going into the downstocks that were that would that what pushes the trend up Yes, so it is it's kind of a you need to reach an over-sold level people to get it get up and that transfers I Guess the dumb money selling to the smart money who'll be buying or something. I don't know how that no No, no, listen, I totally understand what you're saying and folks It's it's one of these deals So let's picture that we've come down we've come down and then all of a sudden it's like oh, no everyone's saying Hey, I'm not scared. I'm gonna go in there and buy handle the fist That's like that wrecks the idea that you can come into a low That's what that's the bottom line a point seven seven wrecks the idea that you're into a low. Yeah I mean that's pretty intense man. Yeah, right. Yeah, it's pretty tense But we'll be talking sometime, you know, probably the next couple three four weeks or whatever it is and People be dead scared on your program and they try and they should be in along with us, right? But that's the time you have to step in when there's always been my kind experiences The ones I really have to grip my teeth to pull the trigger on yeah Are usually the best trades the ones I'm halfway confident in And I'm even on that, you know, usually the opposite side of everybody because I do panic type years and those are the ones they usually don't work out the best now There's no doubt and yeah, it's it's this is the most deviant business in the world man It really is yeah, it takes a while to figure out how this whole whole thing works. So We can we got time to flip chart three. Yeah, we're gonna and then I'm gonna keep you on the next segment anyway But let's go. We'll flip the chart three. There we go. Okay, right? This is not about panic, but it kind of measures momentum and This is the QQQ and the SPX were down four days in a row going into last Friday Yes, the SPY was actually up on a Friday barely those only down three days So I just reason I put the QQQ down four days in a row here, okay? And and when it's down four days in a row that predicts a market will be lower 73% of the time within five days And just hold that hold that thought hold that thought right there folks You stay right there Tim and I are coming right back We have the now down 190 as that goes off one S&P's down 15 and a half Tim and I are coming right back And don't forget folks. You can reach Tim every trading day at odd rd-oracle.com Tim and I are coming right back folks Welcome back folks. So now down just just down 196 nazics off 10 S&P's down 17 and a half We talked about I'm a mr. Tim wood as we do every Tuesday and Thursday Okay, Tim. I believe I'm still dealing with we have the chart up of the cues still okay Yeah chart of the cues Anyhow the QQQ and actually the SPX were down four days in a row going into last Friday That predicts a market will be lower within five days 73% of time So it's just kind of a statistic this quantitative Analysis you take this back up while you can take back far as you want That's what you're gonna come up with so that's gonna be this Thursday and Friday, right? Yeah That's a that's a big number 73% man. Yeah. Yeah. Yeah, you really don't want to you know I guess if you're an odds man, you really don't want bet against it, right? You know, I circled or not circled, but I squared out the times Over the last I see yes, I see that yeah, yeah the times that was down four days in a row and That there's a time in in May there didn't work But you know it is 73% of time So it did it did it right so but it coming off the top We were down four days in a row then last Friday again, we're down four days in a row but you get a bounce and You know, there's 73% chance you're gonna move far lower, you know this next low Could be important if we start seeing the trend to get kind of high if you look at today You know, we hit over two today on the open over at 1.27. So A lot of times when that trend starts to stay high are decline Lot of times you'll you'll see Kind of that trend to continue So so let me ask you this since we so you do take in you know When you look at the trend now you also use the opening one Well, I kind of watch it all day long I got a graph right, you know and it hit to you and it kind of has been back and off since but you know this morning Market was kind of rallying it up that trend was kind of high which is kind of unusual No, no, I agree. I just know that years ago. You never use the opening trend. That's all I'm asking specifically Yeah, yeah, you don't it's kind of a worthless, but it's something I watch I guess do I okay? That's cool. No, I just want to get it clear. Okay. Yep. Yeah, yeah the end the closing what what the whole market throughout the day The closing trend kind of accumulates what has happened, you know And so yes everybody begins basically throw in the towel and the trend high trend reading on the close kind of tells you that you like That cool. Okay. Yeah, people are giving up. They're throwing in the towel and says you give me out of this market And that's what you want to see right is then the more that happens the better. It is on the bigger time frames, too, so Are we heading for that type of a decline we may as what I'm trying to say here Yes, we got the trend kind of high right and so we may be getting the throw in the towel type trend over the next several days and So I could you know, maybe leave for a balance I'm not sure it'd be the final bottoms, but it could be for a decent balance left way to see but as it says right now There's there's no signal here. Okay, and we should be don't break new lows bowl last Friday's low So right and maybe that's where people gonna start screaming. I don't know. Yeah, but whenever they start screaming That's where the low is gonna start to form right that's the beginning of the low exactly right Right. Yeah, so and so in the coming days and weeks, you know, we should be able to pick out that low Yeah, you know nice as it's happening, right, so it'd be something to look forward to that's for sure. Oh Yeah All right, that's a slip to Actually flip to chart for okay You're just gonna briefly do this one. You know the bottom window is the 50-day average of the uptown volume and the chart goes back 2012 and I listed at times in blue circles when this indicator fell below 20 In every case when it fell below 20 the decline was done either the market flip sideways with most cases it did or There was a rally of some sort, but So anyhow, so what I'm trying to say is stop the decline to the downside so now and folks right now Well, this is the in case you're in your car. Listen to your radio and not watching on TV We're looking at the gold market right now. Go ahead Tim. Sorry. I'm sorry. Yeah. Yeah, I'm sorry That's right. It's a gdx up-down volume. Yep with a 50-day average So every time I've got below 20 One back 2012 with the market most time flip sideways And so I listed the time on Chart number five where we are so I blew that chart up to show you how this this indicator works And it's pretty close what happened over the last Oh this over the last couple years because it's pretty rare to get the Gdx up-down volume with 50-day average below 20 it happens Maybe once well happens once a year over the last three or three years. I say once in okay 21 once in 2022 and now we got in 2023 and the first time in 2021 the market flipped sideways for six months if you notice where that Blue line is the market did go down a little bit before it's flipped sideways Yes, you and 2000 same thing was 2022 it didn't get the exact bottom but mark you kind of grip down sideways for a month or two then flip sideways The exact same things happening here, right? Take the bottom, but It is my opinion is flipping sideways. We're not having a steep decline the beginning here We're end of the probably decline. We're probably my pain Set natural lows and either now we're start going sideways or we start going up Previous signals of this type the market base for at least one month. If not If not six months that will definitely drive everyone crazy now for including me I Says that'll definitely drive everyone crazy including me Yeah, but the signal came in first of July. So basically we've been moving sideways here for two months. Okay, so When does the rally start? Well the rally starts Yeah, I didn't you know the rally starts When this indicator closes above zero zero, right? Yeah, I should have light and blue Like blew that I didn't do it. We can see it. I put my put my cursor on it right now. I can see it. Yep Yeah, so and we're right around minus Seven or something or five minus five right now So we need to close above zero and that's when the impulse wave starts. So if you look at 2022 bottom the bottom happened in or the signal happened in July It flips sideways looks like to tell about October and finally Beginning of October rallied all the way into first part of the year. So a rally quite a long time but and if you look in 2021 you get a signal in it looks like about August maybe and Yeah, stop moving higher in September. Yeah, it came in had a big rally towards the first part of the 2022 right anyhow, my point is as soon as that closes above zero is when that impulse rally starts Could be a month away. It could be a week away We're in two months already the sideways movement go another four months. Maybe and that's how gold does move Yeah, there's no doubt Yeah, well listen Tim. It's always a pleasure and folks. Don't forget to give that hold a Tim Or d-oracle.com Tim, you have a great one safe one. Of course, we look forward to speaking you on Thursday All right. Thank you. Thanks, man. Have a great one