 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 the host of the Tiger Technician Hour I'm also the author of the opening called Daily Newsletter Very comprehensive newsletter goes out almost every day And this is what I'm looking at In the Chapman methodology we're always looking for The most obvious low bar to start counting the peaks, the higher peaks And each higher peak is alphabetized Up a case on the way up, lower case on the way down And we can go all the way to a letter G More importantly is that fourth highest peak A, B, C is 3, D is 4 That fourth highest peak where other things can happen We're always looking either for the arc or the arch formation Or the cup formation or a U formation You can get a combination of the three Straight line down, straight line up Arch, cup, you can get a combination And then it looks like a lower case H or reverse Y Red in the H's case because if it takes out that left side low It can keep going down And on the right side if it takes out the left side high It can keep going up So very simple Four peaks is really what we look for Then we look for recycling higher But it's that fourth highest peak And we're looking for a cup or an arch formation Or maybe a combination So let's make it as simple as possible What do we see here? We see in the dow we see a big arch formation And it comes all the way from 27,306 And a peak D with a little doji can I love to look at those signs And it comes all the way down to 25,743 On the 3rd of October Rallys and it goes to peak A, pulls back Peak B, pulls back Peak C at 27,120 Just 180 points or 186 points off the all-time high No, it's a little more of course The all-time high was there In July, 27,398 But it can't make it And because on Thursday IBM had just a horrible, horrible day It failed to get that 27,121 or higher For that leg D So we missed that peak D And Friday's action was terrible Not only did you have IBM, you had Johnson & Johnson Not only did you have Johnson & Johnson You had Boeing Look at Boeing right now Boeing is down yet again 12 points at 331 It was at 391 60 points higher in September This is, I am actually in awe Of how the Dow is holding well With this particular point With this kind of bad news Hey, I think this is pretty impressive Even though we've got those Ds And a peak C1, C2 That's the alternative count in the Chapman wave But wait a minute Look at the S&P S&P right now Is under the high that was made Three days ago 3,008.29 Let me put that in Make it in gray 3,008.29 Make it with a plus sign I always put a plus sign On top of a D Because it says that's where You've got to be careful And I'm making this light, light Because we just wanted There's information for me There's no sign yet So you've got to buy mode And disappear Let me put it back again You've got to buy mode in the S&P The MACD is expanding Isn't anywhere close as high It was back at 3,021 On the 19th of September But wait a minute The sarcastic said 91 Over 80% is good Over 90% is very good Over 95% is really good So this is in the very good range The MACD of the weekly chart Hasn't crossed positive And that's the reason I've been saying This is a high level consolidation Trapped between the parameters In the case of the S&P About 3,021 3,027 was the old time high But 3,021 And about 2 Let's call it in the shorter term 2940 And it's just kind of stuck And if this is going to be moving Very sharply Today would have been an opportunity To See some kind of weakness And say what do we have It's up 15 And our should be up 130 points So there's something wrong With this picture And what is wrong with the picture Is that because we are still Digesting huge gains If you look at this monthly chart We've only got just over a week to go What is the date 31st is Thursday One of the few times We haven't ended the month On the weekend So 31st is Thursday So you'll have one day Of the new month, November And really When an instrument makes a peak D What is the next indicator of two That you use That typically indicates that higher peaks Are to come Or instead of potential topics present A bank D, average, crossover What it is So Steve Good question Steve Steve Rhodes asked the question And Steve of course has done his own Notation of the Chapman wave methodology My only complaint when I've had It done So I've got in fact I've got I can find a law And then count the peaks But what I The big problem is this What happens And he asked the question Steve So like here We've got a peak D And then we went to E, F And even a G We just miss making the D We went to a G So I have a methodology That says That you've got to look At certain indicators And those indicators are just A heads up to say There's a possibility That in this particular round You won't get a recycle Of an instant restart But it'll just be a continuous lettering Going to a G And G is where you've got to be careful But I can't give you an absolute If I had an absolute fixed rule I would have done it all That my notation would have been perfect By now There are just a couple of options And those options set in place They trigger in the Automated Chapman wave methodology Too many alternatives I do it by eye I just do it because I've done it so many times I'm not able right now Just to give you an exact picture Other than to say Keep watching the MACD The MACD is a big part of it However, what I will say Is that in this particular instance In the S&P We've got a D But the MACD The moving average convergence divergence Is still very strong And the stochastic is very strong So now I'm going to do Something else I'm going to show you the QQQ Because it's the same story The QQQ is also MACD is very strong Stochastic is holding steady Flat at 89% We had a sharp pullback From a letter D A leg D To a peak D And yet here we are An inside bar Moving towards the upper part of the bar Still with strength So this is the case Where I haven't given An all out sell signal Because I think that We're looking at Internal strength Now I'm going to do this To show some of the techniques That I like to use And my subscribers know Remember this one Where I said That the DAO Sorry to give signals Way back That was in April We got that day before We got the exact top There was a sell signal We went short And I called it Bad news cloud cover You need a bad news cloud cover And then it can take time And there were enough indications In the moving averages You say no You're not going to go straight down You're going to go sideways first And then plunge And it took 10 bars Before we plunge down Then we did exactly the same thing We got this Seven points from the exact top Back in July Another sell signal Bad news cloud cover But it took 13 bars Before it broke down And then The one right here Back that was in September the 12th That was also It took 14 days Before it really broke down I'll talk about it When we get back It's a process I'll be back 1030 If you're not currently using The Taz Profile Scanner When looking at setting up Your trading opportunities Then your arsenal Is short a mighty weapon The Taz Profile Scanner Is a standalone piece of software That instantly filters Over 2,500 global financial Markets such as stocks, ETFs, commodity futures, And 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That really Give you A little Insight into Market turns A chunk Of the turns This year But at the Same time Once you Miss it It means You can't just Jump in the Very next day Because If you Identify that The Technicals that You're using Are still Showing strength It means You're going to Get another Opportunity And you Might get An opportunity At a Better price Or worse price A little We can Miss it again And yeah For my subscribers They know We can Miss by a pen But I I'm kind of strict About what To do And where to get In That's just The best way I can Do it All these Decades When people When you Have the Responsibility Of having people Getting to the market You Want to know That there's Risk in my final page. That is the traders corner. And so we missed my penny today, a $5 something stock, which is up 2% off the low that I wanted to buy it with one penny. Just missed it by a penny. But I felt very strongly that it was one of those cases. Yes, we could just dive in. But in this particular market, I didn't want to take that chance because if it did suddenly pull back, the risk percentage wise on a $5 stock when it's only dropping 30 cents or something is huge. I mean, it's a big percentage. So I didn't want to take that risk and we'll have others. I have these all the time. We were able to put a point there. It's the entry that's so important. And maybe we'll still get into this one because only in leg B. But at the same time, we had the same thing happen on Friday. We missed by just a few cents on a stock that I think is really a nice infrastructure type stock. And we missed by a few cents. And it too is up very nicely from that Friday low to where it is right now. And it's up a percent already today. That's okay. We get enough. What can I say? I just, I need to be very, I need to be somewhat conservative. And I chose now I do have some subscribers who know my work very well. They look at it and they say, yep, I'm gonna have a little bit more of a leeway in my entry point because this is my own position. I've decided to take the position. I'm prepared to take it a little bit away from Basel's entry point. Therefore, I have that responsibility. That's fine. I get emails all the time saying, yep, we're in and what should we do now? Then I try to follow it for them. But I just want to mention that I am kind of strict with these things. And I know that over the year, as we go through the year, we more than make up these little losses. Sometimes not. Sometimes one just gets away. We had a most beautiful stock that gave a 10% dividend at a 30 top tight stop. It was like a two and a half, three percent stop. And it was a lowest price stock, about 18. Now it's at 20.75. And that's capital gain plus dividends. So we kind of missed out there. That was a little stupid because if you have a 10% dividend, I should have had much bigger, a greater, at least I must have had a wider stop. That was silly. And we had a chance to get in, but didn't get in. So, okay. Now what I am looking at here is I just wanted to go through this quickly because we've got a whole chunk of questions coming in. Look, gold is underneath for one, two, three, four, five, six, seven, eight. For eight of the last nine sessions, it's been underneath the 14 period exponential moving average. That's just saying that there is weakness, but it's not the kind of weakness that sees the kind of drop that went from the 1540s down to the 1460s in late September, early October. This is a different one. This is just saying there's some kind of internal weakness. It's not allowing follow through to the upside, but it's also holding. Look at this beautiful trend line. I love using trend lines. Look how easy it is. I take the low and gold as a continuous contract from the first of October. In this case, it's 1465. Now this gets smoothed out. So this is a number that as of today, that's the number we're looking at. And then it had one, two, three, four today again, four tests of this trend line. Remember what I like to do here is just to go, I make that pink, I make this green, and I say, this should be the goals inside track propellant line or buy entry point. And if it doesn't act that way, then you've got to just be very careful and say, oh, watch out, because if that pink line breaks, now we're going to have the pattern of the H, two Hs. And that says be careful because the next low of 1480 will be coming up. And then you just keep going step by step. So this is very important. Gold needs to close decisively, not once, but two out of three sessions about 15, I'd say 1498 to 1504. That's the area you want to see it in. Okay. If you're looking at silver, silver is also a little bit weak today. Oops, it was weak. Let me see where it is now. No, now it's up 0.02 at 17.60. It was stronger than it was weaker. Now it's holding, it's also holding underneath the 14, the 14-period, the black line there, 40-period expansion moving average of both of the gold and the silver's case. The monthly chart says that that peak that was made in 1975, a week of the 5th of September at peak E in the weekly chart of silver says, hey, I drew the rectangle and I said, we should see some kind of digestive phase after a spectacular move. Silver goes from 14, was about 1450, screams up to 19.75. That is impressive. That is very impressive. All right. Now on a shorter term basis, I had to do this quickly. I wasn't actually trading this. I had a lot of other things to do. So I just quickly notated it. This is a D and that could be an A, an E slash A. And then this would be B, C, and that would be a D. And this could be a brand-new start to a buy mode. So I'm going to do that right now. Fresh start. Oh, I shouldn't have put the up arrow in because we're not over 80% in the stochastic. Just putting a plus sign in. And the plus sign says, good, this is an A. This is a new B. We still within the rectangle formation. Remember, rectangle formations can last a lot longer than your patients. There we go. Right there. Okay. And here's the, I was going to say the weekly, but it starts at 10 minutes. So this is a two-minute E-mini. This is the 10-minute. And I usually grab the outer limits and I go, great. I've got a rectangle formation. I'm not even going to go down to the bottom. I'm just saying there it is. The moment the E-mini goes above 3000 and four, it kind of breaks out. I think that there's internal strength. I think we're going to close quite nicely on the day. Hey, I could be wrong. But I'm going to say that this is the way it looks right now. I love what's going on. I love the fact that there's, I mean, impeachment talk. There's everything going on. There's really a bad news event unfolding. And yet this market is holding, look at that, holding above the 9-beard moving average, holding above the 40-beard moving average. I'm kind of impressed at the moment. Maybe if I end the show, I won't be. But I am right now. I'll be right back. That's what Chapman take admissions are. Since 1984, Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion. While originally hand-drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found the computer software, which included the standard market technical indicators, enhanced the degree of accuracy in calling price turns, as well as market trend calls. Thus was born the Chapman wave sequence. Using the Chapman wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now, you can get a two-week free trial to the opening call, Basil's Daily Trading newsletter by visiting the front page of TFNN.com. Cancel it anytime during that trial and pay absolutely nothing. Get your two-week free trial to Basil's newsletter, the opening call today by visiting TFNN.com. The path of least resistance is David White's Daily Trading newsletter, and if you're looking for active trading ideas, then now's a perfect time for a 30-day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his Path of Lease Resistance newsletter. 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Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. So let's just do this here. You know, I always love to look at those peak Ds, and it doesn't mean to say that it only fails at a D. You can go higher to an E, and that's when you get a G. But look at this. He has the 10-minute bar of the E-mini, had a nice candle at about midnight last night, and then all of a sudden he goes to ABCD, pulls back. ABC, I'll turn the account, ESACD, pulls back. A minus starts again A, and then it goes ABCDEF, pulls back to the 200-period. The pink line is the 200-period moving average. This is a 10-minute E-mini. And it goes A, B, and what do we have? We have, if I can just move that away, we've got, let's see, 300325, and we just went to 300325. Let's see if we're able to move a little higher, move a little higher. That's going to be a C, but until you take out the height that was made in 20 to 10 this morning, each time a 300375, that's your rectangle formation. That's your resistance area. That goes nicely above that. That's a nice breakout. All right, so let's keep that there. Let me just show you something else here. So on the, let me just move this away. I'll move that away. Now, you see in the Chapman Wave Automated resistance points, look how nicely they've worked, 300347, 300295, 300395, that's in the five-minute, the two-minute has 300353. So there's a lot of resistance that it has to get to. It means that if it starts to go to 3004.75, that's a breakdown. All of this becomes support. So that's how it's going to work here. Now, let's go back to the, so GT, thank you for the information. Yes. Where was it here? Fed, 58.1 million billion. Repo, I mean, that is really important. And the other aspect was that, well, where were we? Just skipped a couple. IBM, WBA. So, yeah, Walgreen Boots Alliance, I always forget the Alliance point, but they even forget the Boots. So this is WBA trading right now at down 72 cents of 54.68. It's in the lower range. It had a spectacular move. And I don't know why they, I mean, just the chart never looked like it should be a takeover. It should not be taking over anything. And look what happens, takeover in the 90s. It goes all the way from the 90s, July of 2015. I think it was a year ago that it took it over. And now it's trading in the 50 area, 54. So the whole digestive phase of a takeover usually takes quite a period. So watch out. That's another negative for the day. So now let me just see, I wanted to show you this, because this is live. Yep, there it is. We're about to tie it with a 3375. Pop, pop, pop. I want 3004. Then I want 3004.25. I need a break above there. I want to see it happen. I want to happen. I wanted to happen. And I want to happen now. Oh, look at that. So this is leg C. This is gray C because it's under the previous high. The MACD is good. The stochastic is good at 81%. I think there should be a push right now, right this second. Push, push, push. Everybody's watching. You can do it. You can do it. Oh, come on. Okay, 2375 using 581. It's getting twice 75. Once 50, twice 50. All right, we'll come back to that in a minute. It'll do it, I'm sure. Okay, next thing we're looking at, Dow's 48. I like that. I'm 48. Yeah, IBM WA also components of the Dow are very important. A question about the SMHs. So for us, for the subscribers, we're just kind of stepping aside. We're made of G slash C. And what I said was, if there's another week session today, that'll probably make it a G. But at this particular point with all the others, and it peaks C or a D, I think there's going to be a little bit of room to go higher. So we had no trade whatsoever. I'm not sure. It might have been a good idea to do it as a trade to try to get it as a long like you could play three times long or something. I just didn't need that right now. There's just a lot going on. And I just needed to see that it was a good day today. And so far, the semiconductor SMH is up 215 at 124.25. I think we broke about 40, right? Let's see. Yep, that's here. No. How can you take so long? How embarrassing in front of everybody like this? You'll do it. I know you'll do it. All right, good. Okay, semiconductors. Applied materials. Applied materials trading right now. Up 96, it made a peak D just the other day. Made a peak D when it had that big, sharp pullback from the 52 area down to the 48 area in October, September to October. And then it went to a higher high. Went to a new recovery high in leg E in the weekly chart, all time high 62.40 back in March of 2018. Applied materials, AMAT up 92 cents. Let's look at lamb research, LRCX. LRCX is trading up nicely up 5.66. Oh, at 239.36. Made a peak D right there 244.98. Anybody get the impression that that peak D is a kind of important? It doesn't mean it happens every single time. But off and on. Look, daily, weekly. And now we're only in leg C in the monthly. Interesting. Okay, so lamb research is under the high of 244. I believe the all-time high was, let me just do this here, was 234.88 back in 2017. And now it's even higher than that. This is good action. Lamb research. Let's look at Intel. Intel, LRCX. All time high was back at 53.33. No, it wasn't. It was 59, I remember. Yeah, 59, 59 in April of 2019. Let me just type that in here. 59, do it again. 59. Where does April? 219. Okay. So so far, that's in place. And I'm going to make it red because it wasn't important to top. Okay, so what we're looking at is Intel is also up 0.57 and 5195 INTC and it's got a cup formation. It's extending out. Oh, I love when you can do this. I thought I was missing it before, but now we're going to go left side, right side price, time match, click, new parallel, make it green, see where that takes us to, green right there, and that takes us to still October, October the 24th. Nah, can't do that by then. I don't think so. So let me just move this away. You've got this, yep. So that's the way we're looking at it. I'm going to have to put that in there, put this in here. I did it to the first one, but the second one. Oh, I don't know. Well, it's 24th, what's the day? 21st. Successions to go Monday week? No, Friday. Yeah, let's see if we can do that. It means it has to have, oh, that means with earnings, any earnings of the semiconductors this week if there is, maybe it will push all the semiconductors higher. But so far the weekly chart says, hey, cup formation with a deep handle, it could just hang around you. It's going to take a little while to get to the 54s. That's the way I'm looking at it. Next thing I want to look at was dollar TNX.x. Look, this is now in leg B, leg C. I'm sorry, leg C. I believe I need to check that out. 15, 10, 15, 10, 15, 29, 15, 10. Wow. So this is in a buy mode. We've got the, we've got the 10 year yield now in a buy mode. So if it's in a buy mode, it means that the yields are going higher. There's a chance that the market itself will follow and move higher as well. So A, B, C as money comes out of bonds. There you go. Out of bonds is bonds slide and into equities, back into equities. Isn't that interesting? Oh, please, I did that. Yeah. So TNX, the 10 years acting quite nicely now. It's still in a range, but acting quite well. If you're in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. 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Now you want to see 3006.50 in the next hour and a half and that's going to say great. Now most of the damage is done for the day and we can see some positives. Two of my positives are going to go straight to Scott in Safety Harbor. Hi Scott, how are you? I like that word safety harbor. I hope it is safe. U.S. Steel. U.S. Steel, I will have a look at it again. It's very perplexing, but as you said, there seems to be a base that's developed. So Scott, the whole thing about it is that I believe it's one of those stocks that the damage that has been done going from the 46th area, actually 46th, 47th area down to the nines says that now investors have become very, very disenchanted with it because every rally that looked like, oh, this is it turned out to be, oh, this is not it. So what we're really looking for now are fresh buyers and I would look for fresh buyers. It's going to be one of two things. It's either going to be you're either in it or you're not because this is screaming to the upside and this time the monthly chart is starting to get off the 6% in the stochastic area. Until United States Steel, which is trading right now at 10.82 up 10 cents, unless I can see it in a monthly chart where the stochastic is now starting to move into the 12 or 14% area, to me that'll be the biggest, that'll be the biggest booster that you can get. So that's going to be a long way off. What you just said was very interesting because not one, but two, but three different people I've tried to get back into the X were hurt so bad. They're like, no, no, no, I don't want to talk about it. And I'm like, well, now's your chance to know. No, no, I don't want to make up for any. I don't want to talk about X. So it's interesting that you said that and these of course are amateurs, but I wouldn't doubt if like you said, there's professional traders that have that same feeling. So what I'm saying to you is that when it takes off the next time and doesn't back off, now you've got those people that said, oh man, I have, I know the feeling because we've had some stocks like it myself, that you turn around and you say, oh, now am I going to chase it? Now if I chase it, it's going to, it's going to, it's going to dive again. And what happens is it just keeps moving and moving. But I think two things have to happen. One is you need, I meant to do it over the weekend. I just didn't have time, I was so busy with my charts and other things and I was out of town. But what I want to do is take a little time. I actually, for the first time in a while, I want to go through the, I want to go through a couple of the steel company, just to look at the technicals, the books, I want to see what's going on with the earnings, et cetera. Because when United States Steel starts to see internal, a lot of internal improvement, that's from the United States. And then because I'm starting to see some of the international markets improving somewhat with the iShares, Timber and Forestry ETF is improving, Hydrate Copper is improving a little bit. So when I start to see that there's a chance that you could get overseas buying and then maybe China starts to come on board again, I don't know if that's the case. I think it's going to be a big winner. But before it becomes a big winner, I need to see some technical action. Now for you, these little trading balances, you can see each one's getting weaker and weaker. So we're right in an area where I would even say to you within the next, what is today? Today's Monday, I would say by the 5th or 6th of November, probably, that's where we'll see a lot more. Because if you still breaks 993, the key support that it's had over the last week and a half closes under 9.60 at any stage, it's going to take a lot more. But if it just keeps the sideways frustrating move up, there's going to be a move. I would even say that for anyone interested in a stock like this, because you have your own analysis and your own analysis is positive, but you haven't seen the stock move yet, you could even have like a buy stop at $10 and maybe $11.25. Why higher? Because if it actually starts to move up there, I think you're going to get some traction and you'll have an opportunity, you can get in with a tight stop and then you'll see. So you miss the best move. That's one way. The other is just to do what you're doing, have patience. I think the way you're analyzing it, every time it has a pop up, you just take your money, you build up a kitty because the next time that you see much better signs, you want to be able to put in a position that you can keep even if it's just a small position as a stock that you're going to hold and now you're going to play. You're going to just continue what you're doing because you have a core position that you think has the chance for an intermediate turn balance. I just think it has been a little early. Now I think we're really at the point where we're going to see does United States steal? I'm going to put Alcoa, not in the same category because it's aluminum has done that. It's had a very frustrating decline from the same area 63 all the way down to, in this case, I think it was down to about $16, $17. Now it's trading at 21. It's a little bit better chart pattern, but I suspect that U.S. Steel is going to do the same thing. Before you know it, boom, it will suddenly move, but it's the timing. I would just say you keep building a position, just keep building on your short-term trades and then at some point, say to yourself, okay, somewhere between, maybe take a number between $10.10 and $9.80, I'm going to start a position. I'm not trading that position. That's just the position I'm holding because I know at some time I'll always be able to get that part of it back because it always bounces back into the 11s. That's a position that I have for a longer term, but short-term, just keep looking at it. What do you use for a very short-term indicator to get in? What timeframe? My indicator to get in is around $10.60, but I'll tell you the truth today. I got in. I got a couple more thousand at the $10.90 because it showed so much strength that I was just thinking this was going to be the time up. What you said a few minutes ago is exactly what I'm doing. I've got thousands that I move real quickly, but then I've got 3,000 that I just keep so I won't feel bad if it does happen to take that $13, $14 jump. I think that's the way people ought to trade it, but if you have a limited amount of money to work with, take... You can't marry it. Nope. Right. Take... And that's what I do. It's like Jim Cramer always says, you're never going to... You're going to feel real bad if you miss it, but you're going to feel real, real bad if you didn't take those profits and it goes down. And it has jumped down, what, seven times now? And if I hadn't taken those $0.25, $0.30, and of course... Oh, it would have been, yeah. Unfortunately, it went up a $1.12 profits. But see, so many people when they see that big jump, they're like, oh, geez, it's $1,220. It's going to $15. No, people take the profit, please. You've got to do it just the way you have. Don't think about what anybody else is doing. Just keep doing what you're doing. And at some point, you're really going to reward it because I believe that United States Steel is not going broke. I think they're going to... They'll turn the corner at some point. You're right. It's a great American company and I think... You know, what you said something, you said something about the public perception. It's just the public perception right now. It has nothing to do with the fundamentals at all. It's just the way people perceive it. And the thing is, if US Steel goes to the president, has any problem at all, just because of the name, and this sounds totally ridiculous, but true, just because of the name, there's no way that the president's not going to do everything he can to keep US Steel up and running. I think you could be right on that. But hey, Scott, thank you very much for the call. Always appreciate it. Speak to you soon. Thank you, Bob. So, folks, the dollar's down 59. Let's see that E-mini, I think it's breaking. 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 share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is, markets can be timed. And I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. If you haven't checked out the newsletters page of TFNN.com, what are you waiting for? All of the TFNN newsletters are informative, up-to-date, affordable, and must have for every trader looking to gain a competitive informational edge in today's markets. 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That's why we need primal-edge daily nutrition. It includes a special blend of ionic, soil-based vitamins, minerals, fatty, and amino acids in 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, Paige. They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal-edge, formulated and approved by Nico and Paige 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, guys. It's a question I had here of the cannabis stocks region. Go green. Well, MJ, the alternate harvest, yeah, it's starting to form some kind of a base. For the very first time, we're getting a signal that it's forming a base. Are they already? I just don't know if they're ready individually. But this is just saying that the whole area of 18 should be some kind of support and could chop around here for a little bit before it gets moving. Yes. And another question was a particular GTBIF, GTBIF, G-T-B-I-F. Is this ready? Green thumb industries. It's trying to build a base at $9. I thought it was a different stock. I'm sorry, CRL. Oh, it is a different stock. CRLBF. Okay. Yeah. And what I'd say is in my news agenda, I had a stock, the one that we missed by a penny, now it's up 2.5%. But I say it's a better $5 stock than the CRLBF, which is Crisco-Labsink. So, yeah. Now, the other thing that I want to look at just real quickly is U-M-H, U-M-H. And when we looked at the other day, oh man, this is a beautiful, oh, I said the other day, it looked good. But it just didn't pull back enough. It's, oh man, leg D in the daily, leg C in the weekly. Oh, this is looking outstanding. U-M-H properties. Good eye, Peaky and the Dead. Okay. We've got a moment to go before I hand you over to Steve Rose. And it goes to Dave Wright. And then you've got Tom O'Brien. I'll be back tomorrow. I'll actually be back tomorrow at 10 o'clock as well to be with Tommy Jr. So, the dials are 51. What I am looking at here is that within the context of the markets, there are individual stocks. We've got no shorts right now. I like what I'm seeing on the shorter term. I'm also getting a little cautious because I think we're kind of overbought in many areas. So, I think that you need to have, you need to be able to consider this a rotational market that's in a rotational correction on the upside right now. And at the same time, there are stocks that are looking really good. There are some stocks that are looking really poor. So, this is stock time picking. And as far as shorting is concerned, I think keep in mind, you remember this little study I showed you right here of looking at the moving averages and seeing where they're about to cross over. I think we've got a little time before we have another big dive to the downside of the Dow. Meantime, there's a residual strength which needs to be resolved to the upside that it's. Have a wonderful day. I'll see you tomorrow. Check out my opening call with Danny Newsletter. Have a great day.