 Let's get over to our man, Mr. Basil Chapman, as we do each and every Tuesday at 20 past the hour. And don't forget, folks, Basil does an outstanding show here every trading day, 10 to 11 Eastern Standard Time. Also, there's a great newsletter, the opening call. Now, it's very easy to get the opening call, folks. Come over to our website at TFNN. You'll get the newsletters. You're going to see the opening call on the left-hand side. You can get the opening call for one month for $149. Get it for six months for $695, which is a savings of $199, or 22%. And you can get it for one full year for $1,195, which is a savings of $593, or 33%. Now, they all come, folks, a 30-day money-back guarantee. As you get Basil's newsletter, you're going to see there's about 12 archives out there. You'll really get to understand how Basil looks at the market and how you can ride that wave. And those waves have been big. Basil Chapman, what's going on? This is Nazaré waves. Hey, let me ask you first. Are you guys getting hit with snow? You know what's very interesting? It was raining very heavily, and they said at about 12 o'clock we should turn it to snow, and then we'll see what happens. Well, at 12 o'clock, there were these big flakes that suddenly started coming. I've never seen the switch so quick where it went from rain to these big flakes, and now it's all gone. In fact, it's just a little bit of rain, and it depends where. Some places have got quite a bit of snow. Just where I am off 128, I always say. No, because Caitlin's right there too. I was curious. Yeah, okay, good. That's good. Yeah, so far it's good. Okay, now let's talk about the waves in the market. Okay, so there are a couple of things that are going on. Number one is, I'll start off with this middle chart right here. The middle chart, I talk about narrow rectangle patterns and large rectangle patterns, and cup patterns and arch patterns. You can see inside this weekly chart of the Dow, there was this arch formation, and then we decisively took out the left side low, and that said that the next important support is this jet wave inside track. It was a repellent zone for a while now. It's been a propellent zone, and that is really important. It's actually gone a little deeper than it should, and that makes me very cautious. So now what we're doing for subscribers, we're just trying to trade, taking a small position, but in this case, we took the three times along the UDOW. We've had a core position for quite some time, but we have a trading position that we put on, and we see if it can rally, and then take it off as the stops are hit, and take a little profit, and we keep doing that. One of the things I'm looking at is the stochastic on the left side, this is the stochastic right here at the bottom, is down at 8%. This is starting to get into an area where it very quickly needs to get into the team. So that's one thing that I'm looking for. The MACD, the moving average convergence divergence, is still very negative. The vertical lines right here called the histogram, those lines are still expanding, meaning that the green faster moving average is still moving away from the slow moving average. That's going to take, I would say, it would take a move up into the 32,800, 900 area to really get the MACD to cross positive. So that's a big ask at this particular point. And the other thing is we've been raising cash because one of the things that really worried me last week was the way that actually for about two weeks now, the way that XLF, which I always consider together with the semiconductor index, I like when the financials, that's the S&P Select Financial Spider Fund, is moving nicely to the upside with the market. It just gives me confidence. I haven't got any other than practical reasons. I don't have any fundamental reasons why that should be, but it's really good to see the banks and the financials moving in a positive way to confirm. And the other thing is the SMHs, and this is divergent, so I'm seeing right now, the SMHs, the semiconductors are holding within a narrow band, and they try, whenever you see these two lines here, like this little red line, right here, let me expand it out a little bit there, and the green line, this is what I call this, Chadwick Insight Track Repellant Zone. And because every time the price, often the price has gone right to the level this Insight Track, and then it gets repelled. So today it went to the red line, couldn't make it. So this is going to be very important over the next, I would say today's Tuesday. I'd say going into early next week, if there's any chance that the SMHs are going, because I like when the SMHs lead the market up or down, in this case, it's in a holding pattern, yet the market has gone down. So it's really important for me to see the semiconductors moving to the 251 area, that's 10 points up from here. I'm not sure what's going to do it, but that's what I would need. Now, there's another thing that I'm looking at. Schwab, I've used this as a kind of a benchmark for us, because we are still long from way back in 2020 at 45, the IAA, which is the ETF for the broker dealers. I couldn't understand why the market was rallying so strongly going into the February high, and yet Schwab was acting so poorly, and then it couldn't hold that 200-period moving average, and it broke down and it went just from that level at 76, just five sessions or so ago, it plummets down to round number 45. So now, I just wanted to go through a little kind of a litany of things that I'd look at. I have a technique that I call the Chumwave Price Volume Climax. And very often, over a year, you can see so many stocks that have bad news reports. It's something really ugly, the only way down, and then they have this massive gap down, and the volume is, you can't even say it's double, but it's huge. It's way more than anything you've seen before. And I look at round numbers. So Schwab yesterday had a 45 round number low, and within this context, what I wanted to say, I had it as a buy for subscribers only if certain conditions were met, and it had to be under 55 before 10-20. When it got to 55, it spiked up to about, I think it was 52, and then it went to 57, and then it pulled back, and then it went to 55, but that was later than I wanted, and here it is at 58. So my rule of thumb is that when you see this kind of climax to the bottom, there should be 28 sessions above this low of 45. It doesn't tell you how high you need other techniques to look at to get that particular aspect, but it does say that the low, in this case, of Schwab hitting 45, it should go for at least 28 days above, and if it's holding very strong, that can go to 56 days. I'm really intrigued. So you're saying 28 days, Bells, are you talking about trading days? I'm talking about trading days. Okay, so that's a month and one-third, folks. There's 21 trading days a month. Right, so it takes you into April, but what's really important about this, it isn't just Schwab, because this is, I mean, Schwab is kind of indicating part of that whole financial sell-off, so I think it's going to tell me a lot about, and you were just, you were analyzing and giving us a really good sense of the 80 cents to the dollar. I mean, things are going on here. This is not a one-off deal. This is something that's going to be ongoing, and it's really complex, and if you look at it deeply, there's a lot of finailing going on. How the market deals with it is going to be very important. So I think you've pinpointed something really, I think it's crux to what we're looking at in terms of the financial aspect, how this unfolds is going to be really important. So that's one thing. The other is that I like to look at six-month increments over decades, and very often a low that's made in October can be retested in semiconductors or the S&P in March, and sometimes it's the other way around. So I'm going to be watching this whole aspect of what happens this month if we retest the lows that we saw two big months. There's no doubt, man. Listen, folks, from over our website at TfN, newsletters, opening card right on the left-hand side. Baz, have a great one, safe one. We look forward to showing tomorrow morning. Thank you, Tom. You too. Stay right there, folks. Come right back.