 Hi, man, Mr. Basil Chapman. As we do each and every Thursday at 20 past the hour, don't forget, folks, Basil has an outstanding show here. Every trading day, 10 to 11 Eastern Standard Time, also has a great newsletter, the opening call. Now the bottom line, man, Mr. Basil Chapman, he is gonna be doing a live webinar and you can get into this webinar very easy. It's gonna be a week from yesterday, August 10th, from 9 a.m. to 2 p.m. As you come over to our website at TFNN, you're gonna see it right under the featured content. You just hit that live webinar. The webinar, folks, is $295. What you get for that, of course, is you're gonna get some great education of five hours flat out with Basil. If you can't make it personally from 9 o'clock till 2 in the afternoon, it's archived. That's only the beginning, though, because you get his whole newsletter, the whole month, plus he has approximately 11 other archives on this, so you're gonna understand how to ride that wave each and every day. So check it out in the front page of TFNN right under featured content. Basil Chapman, what's going on? What's going on is that this market is bumping into resistance and we're gonna see how it deals with it and the webinar actually is really nicely timed in the sense that I think by midweek, next week, we're getting to get a really good sense of whether the market needs another breather, meaning a five to seven day hiatus where it just kind of digests all these gains or whether it's able to break out. But you know, in the Chapman Wave methodology, I'll just show this right now because this is exactly what we'll be doing. Okay. We look for the, I try to identify the lowest low bar that can start off and move to the upside. The various techniques have been used for that. And then we just merely count each successively higher peak. It can go all the way from A to B, C, D, E, F, and even G, but it's really the objective in the Chapman Wave. And this is what we practice all the time. I've been doing it in all of my shows. I've been doing it on the one minute chart but this pertains to monthly charts, weekly charts, it doesn't really matter. The principle is the same that when you have accelerated to the fourth highest peak, peak D, other things can happen. Well, what did we see right here? We've been along the Dow since the low of the 17th of June. We've been buying the diamonds. And right now the Dow has made that fourth highest peak D and I talk about just a few candles, some of them on my own invention called the one's the Roman candle, Chapman Wave Roman candle, the others as well. But the doji candle at a D or at a bottom like it was right here in this truck on the 17th of June, for me are really important signs to say that maybe the buying of the selling is dissipated and now you get a reversal of trend or it means there's a continuation pattern. So what's happened is right here on this daily chart that's a daily on the left, weekly in the middle, monthly on the right. We've stopped at that doji and this is the third session since then and look, it hasn't been able to break above. There's a particular moving average I talk about a lot when it comes into focus. I never needed it when it's not there but that's the 200 period moving average that whole area of 13,100 on the Dow. That's gonna be very important to break. So I talk about how you can include, you can have the naked chart. Let me just see if I can get that right now. There's a naked chart. And then I talk about adding various things. I'll show this right here. You can see on the left, there's this as one chart and it's got very little on it. I've added something just as demonstrations and then I've added the MACD and then I've added the stochastic and then the nine period and 14 period moving averages and I go right through to this last one. And once you can see that from the bare chart and we'll be looking at patterns that repeat just basically three patterns straight up, straight down or the arch or the cup formation. You can start building your thesis for your trading based on just those patterns. So most importantly in the work that we've done for my subscribers, we have a couple of positions that have got 30 and 40% gains since the low. We've taken a little bit of a loss in some but mostly the gains are really outweighed the gains and it's just using these particular techniques and I show subscribers to opening call and of course attendees will get a month free of my opening call but they'll also get the webinar. So what I've done, and this has taken me a little time over this week, I've tried to refine it so that I've now got the rules of the Chapman wave. I've just codified it to just a couple of pages, just a heading and then a description so that you don't have to go through this whole litany of stuff because I've tried to refine it to the point where it's visually easy to see, it's very descriptive and we'll just go straight into the patterns and I'll just show you, this is the daily pattern. I was discussing this earlier on. I showed this cup formation right here. This is the one minute E-mini, PD, doji candle on the top, pulls back, comes around again, starts another move and I've drawn this, this is the one at one o'clock. This is after my show but the pattern's been the same. Equal number of bars on the left to the number of bars on the right that gets to resistance. It's the same on the downside, the upside and especially when you're in a rectangle formation, it lasts a lot longer than your patients. I'll be teaching about how if you can identify a rectangle formation, it's a very, it's good to step back from that because all that's gonna happen is it goes to the top of the range and then it pulls back and then it goes to the top of the range. Is that a one day that I'm looking at right now or a two day? Right now it's a one minute charge. Oh, I got it, it's a one minute from today. Okay, cool, I got it. It's today, it's an E-mini one minute charge. This is current right now, it went to PD, now it's pulling back. Look, I'd already drawn in the pattern of the matching time frames. And what's so fascinating, look, I'm gonna jump to this. You can't really tell the difference between a one minute and a daily. The charts, they go up and they go down, they do exactly the same things because it's just a fractal of human nature. So I've tried to make it as well defined as possible. We'll start with a blank chart, we'll start adding all the notation and we'll go and the whole idea here is to how do I enter, where do I enter? Where would I enter the position? Where would I start taking off? For instance, we've got three times long positions some of the ETFs. These are trading vehicles. So even though we got almost the bottom, I'm still taking a little bit off because when they start going sideways, they will shrink very quickly. So you've got to know how and what you're trading. I did, as someone asked me this morning, would I look at the Apple chart? I looked at the Apple chart and I did a one minute chart and it did, I don't know if I've still got it, I'll show it right now. Yes, there it is. Here's the Apple chart. It was during my show and I said, it's making a beautiful, there it is, a beautiful cup formation. This is a one minute chart goes to a peak E, starts pulling back and then it goes in the same number of bars, it goes to the resistance at the 200 period exponential moving average. And you can see that 200 period moving average was resistance all the way until about one o'clock. Then it pulled back and then what did it do? It made another big arch formation. So you could do it with any position that you want. It's the same principle. And I was so pleased that she asked about the Apple charts. I said, here's the one minute chart. It's the same pattern. So it's an education and you can use the videos, the archive is there, so if you missed a day, you can go over it. Even when you're there, you'll be able to later on just go over it as many times as you want. Yeah, and folks, it's a great education. When Basil shows you his magic nine period, you know, line, let me tell you something, man, you're gonna love it. Come over to our website at TFNN. It's right under featured content. You hit that subscribe button. Bottom line, you're gonna be in this workshop next week. Basil, have a great one, safe one when we look for a show tomorrow. Thank you very much. Thank you, stay right there, folks. Thank you very much.