 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 right here every trading day, 10-11 Eastern Standard Time. Basil also has an outstanding newsletter, the opening call. Now, it's very easy to get the opening call, folks. Come over to our website at TFNN, right under the newsletter, as you'll see it on the left-hand side, the second one down. You can get the opening call for one month for $149. You can get it for six months for $695, which is a savings of $199, 22%, and you can get it for one full year for $1195, which is a savings of $593, or 33%. Now, they all come with a 30-day money-back guarantee. Basil has approximately 11 archives out there. You can go through all the archives, so you're going to get a great newsletter. You get a 30-day money-back guarantee. You have all the archives. You'll know exactly how Basil rides this wave each and every day. What's going on? Well, what's going on is we've got a tsunami here. We've got one of those Navarra Portuguese tidal waves, 100-foot high, and we're going to see what happens next. I see. Okay. Yeah. Let's rock and roll. Yes. On the left side, I've got the daily chart, and the weekly chart of the down. In the middle is the weekly chart. On the right is the, let me just have a drink of water here. There we go. We've got them now, Basil. Yep. Oh, you do have them. Yes. Okay, good. So, within that context, we've got 39,282 was the high on the 23rd of February. A couple of days later, we went short, and we've been short. Now, we've been long for a long time, not changing that position at all. This is a trading position, and one of the things I was looking at was there's a deterioration in some of the technicals, but basically what we were looking at in the Dow is there's, for instance, a day which Microsoft is down very sharp, down 13 points, and we've been along Microsoft from, I think it was October 31st of 338, and we took, we have trading positions and different very short-term things, as well as the core position, but we did take off some of it at just off the high, which was at, let me just go through this right now, at 420.82 and at 420.24. We took some more financial subscribers. You must expect that Microsoft's going to be in this choppy range, basically in this rectangle formation between about the 480 level and the 3, about 396, and you'll even have to expect that at some point after such a spectacular move, you can see the weekly chart, the 9-period moving average is still very strong. Now you've got to expect some divergence between some of the very best the leaders like in the semiconductors and Microsoft, and so to go with that, we've got a couple of stocks. For instance, our Bank of America, we're waiting for this leg D. We finally got this leg D in the Chapman wave. Indeed, that fourth highest peak is where you're a little bit cautious because other things can happen there, but that goes together with AIQ, which is essentially the Global XR Deficient Intelligence made a high of $33,045 back in November of 2021, plummets down to $180.01, and here it is testing the high at $33.96, just 50 cents away from the all-time high back in November of 2021. So you've got to expect that there's some resistance. Now one of the techniques that I have webinars on, I discuss a lot, show my subscribers, is a technique I developed years ago. There's this little mini-channel right here. The channel is two parallel lines, but in this case it isn't wide. It's a narrow channel, and I call that the Chapman wave inside track repellent propellant zone. Yes. And look how many times the Dow went right to that level and couldn't pierce it. And we've got to a peak G right here. I'm sorry, I'm looking at the AIQ. It's the same technique. There's inside track. I wanted to show you in the Dow because it's also pertinent to the S&P. So yes, the Dow, there's the inside track repellent zone. Peak E comes down from the 39, 282 level. Right now we've done 514, and we've taken out what was the inside track support zone. So this just tells me now we've got to look. The tide has changed in the short term. Tide is coming down. We have to look for the troughs on the left. Look at the S&P. The S&P, same thing. There's the Chapman wave inside track. Look how it just couldn't get out of that resistance. I always find this amazing. How does the chart know? I don't know. Right. Yeah, it is. It just got repelled. And today you've got from the tiny little dogy candle of 5140.33, the high of yesterday. Look at this. We're right down to the 14 period exponential moving average. So this will be the trend line. We're watching very closely here this week. I'd say below 5,028 is a problem. So on my show for some time, I've been doing this. I can't say for years. It's actually decades. I followed round numbers. And I can't believe that in an index, which is 500 stocks, this is the RSP. This is the S&P equal weight ETF. So all 500 stocks, but then they're equal weighted. Okay. So you've got what I call a chat wave two bar reversal from the high of yesterday to the high of today. It's just pennies. It went 164.70. But what did it do? It made a round number at the open yesterday. Now look at this today. It's at 164.67, a couple of cents away from that all time. So I'm watching this closely. This two bar reversal, chat wave red Roman candle. I'll talk about that on my show tomorrow at 10 o'clock. Yeah, we go. This is inverted red Roman candle. When there's a long wick and the body at the top halfway from the bottom to the top, that's the same candle. Yeah, it's the same thing, but upside down. And that just says if there are two sessions with the clothes underneath whatever today's low is, that says you're probably going down to the next level of support. But the most important things we just must going short the semiconductors this morning. I spoke about that equal weight having a round number. I mean, how do you get a round number when you've got 500 stocks? But look at this. This is the SMHs that had a 227.13 all time high yesterday with a tiny doji candle. And it had a round number of 224 open. And look at this today. It's down 5.6. It's above this inside track repellent zone. It becomes a propellent zone. That means if you get towards the 213 level with the green nine-period moving averages, now you can start to see a turn. What I've been saying on my show is what I'm anticipating is that the selling comes from nowhere. There's just no more buyers. And if that's the case, then you'll just get this concerted, sudden, sell-off day after day for about two, three days. If that happens, then I think we've made a short-term top in the SMHs. And that's going to be really important. I'm watching this very closely because, as I say, we are short the Dow. I want to get short the other indices or different stocks. I think we right here are ready for some kind of a pullback. But the technicals and the weekly charts are still really strong. So this will be a short-term, sudden profit-taking. And profit-taking sometimes just comes out of nowhere. There's no more buyers. And all of a sudden, you can see that in the Bitcoin today. I mean, what a turn around. This is leg F. It makes not a real timeline. That's a big number. It's a big number. It's no doubt. It's a big number. And listen, folks. It's very easy to get Basil's newsletter. Come over to our website at TFNN. Go on to newsletters. You'll see it in the second one down. Hit that baby and you're off to the races. Basil, you have a great one safe one. Of course, we look forward to show you tomorrow morning. Thank you very much. Thanks, man. Stay right there, folks. We'll come right back. Dow's off 511. NASDAQ's off 333. S&Ps are off 71. Come back with that. Man, Mr. Tim Boyd.