 Welcome folks, this is Tom O'Brien of TFNN. We have five days a week, we go seven hours a day, we go 24 hours a day on the internet at tfnn.com. I always remember folks, whatever you think about, you bring about whatever you focus on gross, hope everyone's having a great day, safe day. It's making a great night, folks. Serve the one you love. Once you decide to be a couple, you're there to serve the one you love, to serve your love to your lover. And every kiss and every touch, you feel you're there to please the one you love without expecting anything back. Mugger the wise, let's take a look at it out here. We have the Dow Industries down 429, Nasdaq off 231, S&Ps off 67, gold. Gold contract up $3.20, traded at a price point of $17.84 an ounce. It's silver down 3 cents, $22.38 an ounce. Light sweet crude down 267, $74.26 a barrel. Notes and bonds, you get the 10-year note, trading up 16 ticks at 114, 11, the 30-year up a full point, plus 18 ticks at 130, 12, and King dollar. King dollars up 273 ticks, trading 105, 561, euros at 104, yen is at 136, the British pound, is at 121 to one US dollar. Sorry about that, folks. Our phone number's 877-927-6648. It was Carl Folks. I know it's going on in your world. In the world of the S&Ps, let's take a look at them, what do you have? Well, we're going to have volume out here today, folks. So the steam engine is starting to go in a big way. So we have $54 million in the spy. It did 72 yesterday. That's only going to come in at 72, whatever it's going to come in at. You're coming into 74. It might take this gaps wide open. That's where we're going after. That's going to be 381. Right now you're at 392. We go to the NDX 100, the three queues that's getting closer to that gap. The gap inside the three queues, first we got inside the lower range at 293. Now what has happened is that now you're inside the range of 284. So it does two different things. So the way a gap works, folks, is this. A gap is the same as a swing point. So if this gap wasn't here, I would be saying that, okay, we're going to go down to 259. But the gap's there. So what you have there is that I suspect it's going to go fill that gap and that gap is at 268. Now we start accelerating with volume. We know, let me go back to the spy again, because what's happening, we know we have a much larger ABC structure on the way down. So we take a look at this. You're going to see how this was set up. So here, I'll leave this one here first. Because you remember, we had the ABC going up and that number, well, first we had the ABC down, which is still in place. We had the interday interweek ABC up, which was 411.03 and we hit 410. I suspect that's it, man. That's all she wrote. Now you go back to the ABC down. And now if you take a look at this, what you're going to see, we put this on a monthly, what you're going to see out here. Now let me put on a weekly first and see what this looks like. So on the weekly, we know that when we talked to our man, Mr. Steve Rhodes yesterday, this is about as clear as you can get, man. That trend line that's coming down. I mean, it's like, you know, I'm at Bob Rolfe's. It's like, okay, bottom line. This is the fourth, third time I came up to the trend line, gave it up, okay? So bottom line, we're going after the lows, but then if you take a look at the monthly, the monthly is a very large ABC structure on the way down. So, you know, we'll see where this shakes out. The first leg, I suspect that we are not going to go break the bottom. And the reason for that is that, and we go over to the weeklies again, is that because we did, and this is where Fibonacci is so cool, man, because the bottom line is that we did over a 0.618 retracement of, not that one, one second, of the last move down. So not the full move of the last move down. So if we take a look at this, let's just the last move down, what you're going to see, there it is. You're going to see that we basically got by the 618. So the cool thing about Fibonacci folks, expansion contraction theory is the aspect that when you understand the probabilities with the expansion contraction, it's like, okay, so picture we come all the way down. If you come all the way down and the volume starts dying on the vine, guess what, man, that's going to be the buy. If the volume doesn't die in the vine, what that is saying is that, guess what, man, you are going topside once again, it'll stay in a consolidation, it will build more cars for that larger ABC structure down. Let's go take a look at the gold market. So this is really tricky in the gold market. And, you know, with it in the gold market, trading actively in the gold market for 21 years now. So this is what the danger is. This is, you know, all you tigers and tigers is the ones that own gold stocks, you're going to know this upside down, man. And it's dangerous right now. Anyway, here's the danger pot. This is what it is. So picture, today we're up 350 and you have 120,000 contracts. Well, we came down yesterday with 170. Now that being said, all these gold stocks, right, acting great, but we know what happens with the gold stocks folks is this, is that they can act great, act great as the markets go on lower and then all of a sudden, the bottom falls out. Now, if I stay right here and look at, I says, oh man, hold it, you know, so here, here's the bull and bear case that I'm playing with my head and I'm sure all you tigers and tigers desire too, if you're in the market. It's like, okay, we've come down dramatically, but yet the gold stocks have held really well. Well, that says to me, like I'm looking at them saying, man, I want to buy more gold stocks. I'll tell you just what's going on in my head. It's like, okay, hold it, I like this. I mean, the first inkling that I think this market could go up at all, I really want to go like crazy. That being said, I've been doing this long enough that I know that, okay, man, you know, we just right around the corner of a, boom. And guess what? I don't know, that's the bottom line. I'm just bringing it up so all you tigers and tigers that can do the same mental calisthenics in your head because the gold, these gold stocks, the only ones that'll hold it up in the whole market, you know? You know, so then I go to the dollar and as I go to the dollar, the dollar's saying to me, man, this thing wants higher price. So we stopped putting that together. It's like, okay, if the dollar's going to want higher price, it's just going to be a matter of when that, you know, you get a downdraft in it. I know that institutions are coming in the gold market, for sure, okay, with 13 Fs have been filing, you know, they're accumulating right now. You know, you can see on some of these downdrafts, you know, then they're staying right where they are, man. You know, so bottom line, we'll see where it shakes out. Dow, Dow industries right now down at 462, Nasdaq off at 254, S&Ps are off 37. If we take a look at the volume characteristics inside the indices, that is also going to have volume. Right now you're at 511 on the NYSE. We take a look at the Nasdaq composite. The Nasdaq composite is 3.6. So the Nasdaq composite will end up doing like five billion. Stay right there, folks. Come back with our M.A. Mr. Basil Chapman. Dow, Dow's down 458, Nasdaq's down 252, S&Ps are off 72, we'll come right back.