 headline news update I've run Basel Chapman on this Wednesday the 13th of October and this is the 10 a.m. Tiger Financial News Network update the Dow's down 144 after at 34,000 to 34 after attempting an early sell-off from the inflation news and then a big spike and then a failure that's been the pattern for a little while because we're looking at these arch formations remember we discussed this I'll do that more in my show coming up the Tiger technicians our member the pattern we're looking for straight down then it makes an arch formation fighting at a peak A or B comes back down and retested and you can go from a lowercase h to a lowercase m in a second arch formation as the Chapman wave inside track repellent zone kicks in which has done so many times look at that right there in that little inside track channel right there pulls back and now we're almost at the low of the data minus 154 this is looking very very weak and the weekly chart is pretty much going to go to a sell mode by the end of the week we'll see what happens already in a sell signal let's go to the S&P the S&P at this particular point is also down also try to rally it was actually a tad stronger now it's fading is down seven and a half at forty three forty three you can see it's underneath the nine period moving average and well under the 14 period doesn't look very good QQQ NDX 100 try to have a ready to show some strength independent strength is selecting quite well it's up a dollar 58 and 358 72 in price but not the chart formation chart formation says it's just lacking in strength and that's all there's to it I think it's going to continue for a while in the Nasdaq 100 we're looking at the IWM just stuck in the trading range down 51 at 221 yes the surprise the surprise is not a surprise for this for those of us we were looking at this inflation is saying you know invariably gold kind of moves with an inflation record and we've got an inflation push up and we've got an inflation push up in the in gold up 26 cents at $26 that's 1785 this is a big move it's broken out to leg seat there's the pattern we were talking about I'll talk about that in my show coming up let's just have a look at the dollar the dollar is pulling back just a little bit it's almost a new recovery highs but it is pulling back 27 ticks and crude oil is selecting really really strong here it's pulling back today but it's up near the highs it's at 79 87 possibly making a little bit of a top I'll be back in a moment we've got to talk about yields as well basil chaff been taken