 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 Good morning everyone Basil Chapman here this is the Tiger Technicians Hour Tows up 137 on this Tuesday the 19th of December all-time high breaking out you can see in the monthly chart legs see now just to clarify in the Chapman methodology there the ideal is that you go from a bicycle to a bimode implying that there should be at least whatever the time limit time frame you're looking at daily weekly 120 minute chart one minute chart doesn't matter monthly there should be at least a bicycle upgrade to a bimode should get take you to at least a leg D and then a P D that's the fourth highest peak from the low bar we are in leg C that means between now and the first trading day of January which would be 31st to Sunday I can't remember now if it's Monday or Tuesday whatever the first day is it begins in your week if there is a new high anytime in January above the December high that extends legs see so in my webinar that I'm doing tomorrow afternoon these are the things I'm looking at look the current pros that's you know the positives and the market weaknesses that I'm seeing right here as we stand there's leadership and a broadening out of the sectors that's number one the dollar and yields have dropped that does give impetus to areas like the financials that were not participating participating as well as they should the weekly charts have rallied helping the monthly charts that we were waiting a long time to see anything that could could assist the weekly charts so that those monthly charts you you're ready for momentum you need to see the the first gear move to the second gear then the third gear then overdrive you've got to have that talk the daily gives the talk the weekly gives that extra momentum and then the monthly chart takes you into that momentum so that's really important you've got the doubt all-time highs the S&P very close to QQs what did I say within 25 cents or something that's really important so those are the weekly charts the semiconductors have led the way that either way up that either way down right now they just kind of stalling a little bit I'll go through them in a moment that's not to say they weak or anything but the upside momentum on the daily basis just kind of pitted out a little and they have made all-time highs and now they're just trying to just find that extra momentum so my thinking here is that just on a very short term basis becoming a little bit vulnerable to a breather whether or not that just is a couple of days pull back and then we make high highs that's something we'll discuss the meantime on the pro side the VIX volatility index is at yearly lows yearly lows I'm doing more years and there's a huge buildup of cash and CD and that that really basically is also bond money because the bottom most people don't realize it but the bond money is just huge I don't know exactly what the percentage is more than the stocks but it is very big so that's the positive on the on the con side on the on the kind of now we need to say negative side but the the part that says just be a little careful near term the daily charts are becoming extended mostly because of on balance volume that I'm looking at there are in territory that says just be careful you could get sudden pullbacks but that just says it's one indicator all the other indicators are still very strong in most of the key indices and certainly in the key stocks the weekly charts are showing very overboard on balance volume almost as much as the daily there that's a little bit more serious but it's a weekly chart it takes weeks to unfold okay and the estimators as I said are becoming overboard near term so I'll be monitoring that and looking at it and the VIX index the same thing that was positive the VIX index is at yearly lows says whoops on the other side you're gonna say wait a minute the VIX index is at multi-year lows that means there's a chance that it could rally and that would be a negative for the market but those things haven't come to pastures yet I'm saying this is what we're looking at in the current market conditions more importantly what I'll be looking at is which lagging stocks indices etc besides the ones that are really doing well because we like a mix for the portfolios in my opening call we have for instance we do have Microsoft that's a triple digit stock and we do have single digit stock so I were not averse to having a plethora of price ranges and that just says there's going to be opportunity now it might mean that we have to wait a couple of weeks for a big pullback to be able to get into some on the other hand others are just in leg B or C in the daily charts and we are expecting at least these and those so there are entry points that we can get to and I'll be discussing that in great detail tomorrow and in the meantime we still have positions that we are looking at and every day regardless all right so the Dow is up 151 the S&P let me just get there I'm hearing music in my ear not sure what that is all about and let me just check is there a message there okay okay good here we go so the S&P is now it's the S&P is right now at 4756 let me just go there S&P is in leg alternate count leg C and that just says that means we could have a pullback and then another spike to the upside and that's all part of this whole December thing January is going to be something different because we have to wait for the weekly charts to unfold to complete by the end of December and then we look at January fresh to see what's continuing but look at the nine-period moving average in the S&P way above the 14 and the 14 is way above the nine and make these goods to cast it's flat at 93% on balance volume has pulled back haven't seen anything in the price that's very very interesting and the weekly chart now I've discussed this over and over let me just say at this particular point I have to consider this is a leg A up in the weekly chart if it isn't A up even if there's a pullback from 4756 something happens and I talk about the dark news cloud cover I don't want to go into it right now because I don't see anything yields are coming down the VIX is low I see a little little one of the calls the cumulus clouds or whatever they call up in the I just see little puffs little puffs there I don't see any any dark news cloud cover at this particular point now yeah it's important this weekly chart for now I have to call a leg A you made a peak G there's never an H the count I'm giving right now is an A in the daily chart of the S&P the Dow is look at this leg A there I could give an alternate count but I just don't see why I should it is a leg A the QQQ weekly chart leg B that's a little different different design different pattern a leg B F sash B I could have an alternate count but I'm calling it B for now it's stochastic in the weekly chart is 95 percent the daily chart is 94 percent and it's still a leg F to the upside in the day the IWM now this is going to be very important why because the IWM reefer chart is a leg C and it's at that point at 200 this is where you find some kind of consistency I'll be right back that was up 155 Tigers tis the season for leveling up your trading skills Basil Chapman is happy to offer all opening call subscribers a free subscriber webinar Wednesday December 20th 4 pm to 5 30 pm Eastern Basil Chapman will be discussing major sectors and stocks that are coming off their lows in order to prepare your portfolio for 2024 this is a free webinar for all opening call subscribers if you are not yet a subscriber visit the front page of tfnn.com today to secure your spot for Wednesday December 20th tfnn educating investors if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30-day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com tfnn educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors the gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market the us futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xau hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30-day money back guarantee so you have nothing to risk subscribe to tom obrien's gold report newsletter now at tfnn.com at 1-877-927-6648 internationally at 727-873-7618 everyone basal chappan and we're looking at the top 152 sbs of 17 this does leading a little bit up 0.41 sbs up 0.36 now what we're looking at here is the iwm this breakout to the upside going to move this let me squeeze it yeah I'll squeeze it that's easier yeah so this is the weekly chart and you can see I'll just squeeze it so that you can see everything that's been going on for two years stuck between basically 109 and let's call it 200 200 and 162 160 let's say stuck stuck stuck and look at this each one of these sequences to the upside fail that the resistance point and what happened is that the stochastic went to over 80 percent but within a couple of bars is a weekly chart failed and went under 80 percent dragging the price down dragging below the 200 moving average is that going to happen here well this is what we're looking at now i'm going to expand a little bit expanding a little bit within the context of the notation it fails at a peak c it fails at a peak b once and it fails at a peak c 199 26 and then backwards in february and then back in around about july it fails at 198 75 makes a lower low goes down to the 160 level and now it's had a straight up move 40 points to 200 but it's not that you have to really put into perspective and say wait a minute let's look at the weekly chart the action if it takes out 200 what does it do to the monthly well the monthly you can see has had this chapter we've inside track propellant zone right here look right there right there ah yeah we go and what happened was if this becomes red because if it goes under it that's negative and if this becomes did i do something differently yes i did red and if this becomes green chapter we've inside track propellant zone right there green it's come off very nicely but let's do this let's make it a proper channel and go it's a slightly it's actually slightly declining fractionally low lows but that doesn't matter we'll still call it a channel by putting it up here and say this will be the resistant zone right there i'll expand a little bit so that you can see what i'm talking about right there and this will then be the breakout zone and i'll be talking about this in my webinar tomorrow what's going to happen if in this particular phase the lagging and it's been lagging for quite some time lagging iWM Russell 2000 suddenly becomes active possibly as stocks like in amazon or microsoft uh google the magnus and seven don't have quite the upside momentum that they had they take a bit of a breather or they don't they have the upside momentum slows and lo and behold you start to see the i Russell 2000 now look at this this is the did i write that down how many times have i done this the Russell small caps is that the oh oh my oh i'll have to just check it out so let me just take this in here i can't believe i've done this almost every day rrrr uh oops now i'm going to the indexes there it is this is the Russell 1000 and that is if you don't write it correctly it doesn't give it here it's very important that you write it type it incorrectly so let me do that again Russell 1000 and i'm going to go it is rui okay i should have known that right i thought it was rui and i did that yesterday and look at this the Russell look at the difference this is the 1000 these are the smaller smaller caps these are tiny ones this is a leg c and now it's going to a leg oh it's a g-c g-c write the alternate count and it's going to a d as we speak or gc going to a d there it is this is the rui dollar rui that's how i get it um uppercase for that upside there you go and this is the single leg a is it an f or is it an a wow everything about this with a stochasticate 98.66 100% never gets to 100% but that is really strong that's is this should be an a but more importantly it made a peak c and didn't it didn't doesn't go to a c- it just says you got to still count all the troughs because this is your starting point you're going to count each successively higher peak well from this low you pull back and that means you're starting another one so that becomes an a that becomes a b and now we're in a leg c it's almost like the doubt except it hasn't gone to a new high so that's a leg c the moment it takes out that high that was made back in the russell 1000 from back in here we go back in the february of 2022 at 25 4217 254 2.17 and it's trading right now the high of 2616 2616 how could i read that correctly that's incorrect that should have been a high of there we go 2672 2672 round number high no way 2672 a round number at an all-time high round number high that's amazing round number high all right so that's fine and now what we're looking at is it tumbles down to the just under 2000 and now it's trading in 2006 1 6 so it has 56 points so so to go to make an all-time high and there's your cup formation little lopsided cup formation so this is what i'm saying that there's there is a difference here because this is the first time that you actually got participation in the areas that had had been much weaker and certainly in the IWM the russell 2000 much much weaker so i just wanted to point out that there is a rotation going on and that rotation says within the market participation is broadening that is really important now the question about gdx so the gdx nice candle today yeah we go at 31.82 up a dollar over 7 that is let me just check this out yes so that is the weekly leg c if it goes above 32 no 31.92 or something 30 oh 31.35 if it goes above 31.35 no that can't be right 35.93 I thought it was in the 90s 31.93 if it goes to 31.94 this week that starts another leg to the upside and it extends the weekly chart to leg c it's not a great looking chart but it's really working out very well in terms of going to very obvious support levels and then rallying looking at silver let's go to silver silver it's not acting as well it is up today up 28 cents of 24.39 um it's trying to work its way off the 200 period moving average just as we go to the break i'm going to go to the high-grade nice move in high-grade copper especially it's helping to do the job but it may be 95 this week but first time we've seen this kind of bounce off the hopefully uh continues i'll be back tigers tis the season for leveling up your trading skills basal Chapman is happy to offer all opening call subscribers a free subscriber webinar wednesday december 20th 4 p.m to 5 30 p.m eastern basal Chapman will be discussing major sectors and stocks that are coming off their lows in order to prepare your portfolio for 2024 this is a free webinar for all opening call subscribers if you are not yet a subscriber visit the front page of tfnn.com today to secure your spot for wednesday december 20th tfnn educating investors currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out teddy keg stats tiger forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t-bonds as they both influence forex markets tremendously when you sign up for the tiger forex report you also gain instant access to teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today visit the front page of tfnn.com tfnn educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by basal chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors tfnn has just launched their new trading room the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the tiger's den available to all tigers and tigers for just one dollar for the year there's no catch or added costs when you join our community of traders in the tiger's den you can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs and join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv well i just wanted to show this chart this is what i had here for the dow i have been showing this to subscribers for about a week now that i have like a one-to-one extension and i drew this in it didn't look like it was in the get there a few days ago but today it hit exactly what is that line saying that line says uh 37,488 and so far the height today is 37,479 so it's right here but all this does and this is the same that i find with the the fibonacci numbers quite often not always because they are really helpful i always put i put the fibonacci in for years and years but then i take it away because i find a little messy when i have my own techniques and my own trend lines etc that are working nicely but in this particular case that is a one-to-one but it's a one-to-one from the 32,327 of october 27th to peak b there was one more rest and then it moved up so i use that as my little fulcrum for the move the propeller shaft moved to the upside so it doesn't go one-to-one to the exact high it goes to one-to-one to the pullback and that took me to that level and this is just a it's kind of a gauge it's not even it's not even like a traffic light or traffic stop it just says in terms of having a marker if you have to say how far is it to the closest cvs or walgreens or something and you say oh yeah if you went to that particular block it's about another double or whatever that is so that's all it is but it's nice to have at least an idea of what to look for in this particular case it's this area so my my instinct now is saying that i've got to consider that this look at this move in one in one two three four five six seven and eight bars in other words eight days this is still a single leg move to the upside i'm calling in an f at this particular point could be an alternate count i have no idea yet but look at the daily chart daily chart shows you that on balance volume is one of the most overboard it's got that just says it's one indicator and therefore it does it doesn't say oh my god if that comes back down then you're going to drag the price it just says that there should be a rest period as the on balance volume has a pullback that's all it needs is a pullback to have a breather and that should say that the at minimum um i wouldn't say at minimum at to look at support in the doubt this particular point 38 000 is that 30 what is that sorry 38 369 20 is this green nine period moving average so that's tremendous support and even now as we talking uh there's still buying that keeps coming in and now you've got the resist automated resistance and this is what i show subscribes every single day you've got automated resistance levels right there at the dows trying to push up against and break out of all right and now here just to show you something i promised myself one of these days i'll just spend one show going show you all these different charts look this is the the dowel this is the s and p this is the the ndx 100 and this is the smh's because they've all moved up sharply and look at um the move from october that was just gone straight up with maybe one uh there's a weekly chart with one peak maximum some of them have no no peaks at all just a single leg to the upside so as long as those holding are holding well that's good now that does make it sometimes a little difficult to grab some of the stocks that you really want that have gotten away and that's what i'm going to talk about tomorrow how how can we handle um this market if let's just say even though i'm looking at overboard levels i haven't got any sell signals yet so what if we we we we chugged through in this particular pattern into early january what do you do now what do you do saying oh am i getting it you know the fear is that you're getting it right now and using the sucker holding the bag as the market takes a dive well there's a way to handle that and um i'll be talking about that tomorrow as well because if this is going if those weekly charts are accurate you couldn't get a peak d in the in the dow until late january uh let me just think about that i haven't got the calendar up i'll try maybe i'll try to get a calendar in the break for january but that would take me because look this weekly chart is let's call it a that means if all of next week there's no new high that becomes a peak a well wait a minute you've only got a week that's all of next week so all of next week's the last week so that means first of january so that means you'd have to have at least because it's a seven-way form you've used up to that means it takes you almost to the end of january before you can get a weekly peak d for a much deeper pool not to say you can't get sharp pullbacks but for a peak d pretty serious top all right but that said just very short-term i was asked could i show where it was i could you show the charts what was the last peak this peak here right is an f right here peak f and i could sing my song i just don't feel i sing right now um that's the january song um that's an f and this is an alternate count g slash b in the five-minute chart and a leg e in the um 10-minute chart but so far the technicals are pretty strong daily technicals are starting to week all right now let's go to a bunch of questions came in so gdx has support at 31 25 to 30.74 the um i use asa as kind of a benchmark for me oh that was a nice breakout to the upside that means that the weekly chart is trying to go for 16.15 this asa gold and precious metals limited um was it holding okay yesterday today's a nice big break to the upside it's on our list of stocks i we don't did not get it i i had it there as something that we wanted to buy on a pullback but if this is really the start of a bigger move in the um weekly charts going to test the high back in around about almost 1760 uh that was back in ma April may in may um there's still plenty of room to go so we'll see about that now the other thing i wanted to talk about is uh i wrote it down wrote it down yes the oils so the xle that's just good to energy for now you see the xle that's coming off the bottom is trying to rally it isn't holding that 200 period moving average is it 84 53 up 35 cents the 200 period moving average is it 84 90 yes it is moving the technical zone proving and today for the first time it's going out all the days young it could change but that means that the 9 period moving average is finally trying to turn up but that to me is important and i was asked about xx so xx and this will be on my list tomorrow and i'm looking at laggards that um have overall good chart formations but on the shorter term i've really taken a dive and the multinational oils because they give dividends as well will be on the list i'll be back in a moment and the xlc which is the communications index the gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market the us futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xau hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to tom obrien's gold report newsletter now at tfnn.com are you ready to take your trading to the next level introducing tom obrien's award-winning newsletter market insights your key to successful active trading tom obrien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with tom's real time analysis and trade recommendations delivered straight to your inbox whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30 day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of tom obrien's award-winning newsletter market insights firsthand tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade lab u or lab d directions daily s and p biotech three times bull and bear etfs visit direction investments dot com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz so the multinationals of dividend communication services selects spider fund doing very nicely in the daily and the weekly chart and the monthly starting to improve main all-time high in the 85 area plummeted down to the 45 and now it's trading at 72 so as i'm looking at this my suspicion is that in terms of dividend stocks there's going to be opportunity here to be looking at what you can what you can be buying over the next few months i'll be talking about that as well so in my webinar coming up tomorrow so it's going to be really a very comprehensive look at what's going on what's worked what's what's starting to slow down and what should be picking up going into january and possibly into february and that's going to be very important a question came up about where did it go i wanted oh that's right so you know so i spoke about the um let me just see if i can get it right here yeah so this is part of what i'll be doing is what expectations look huge sums have been expended in the infrastructure sectors including the semiconductor industry uh the so the infrastructure for this is the like pave that's the etf for the infrastructure but you've also got for semiconductor industry huge fabs huge factories are being built and the government is really subsidizing a lot of factories or at least giving making conditions way way easier and encouraging us manufacturing that is a huge change so that we're beginning to see um some kind of collaboration where we've got money that's going to come out of foreign countries especially china come back into the united states because we've really lost everything to do with our we saw that when we ran out of products during covid we had to wait and wait and wait because it was a delay in getting a spare pass things like that and the other thing is that the bonds i mean the huge amount of money that are in bonds in cds um and a lot of the boomers have said you know we've been whooping whooping whooping we've got retirement coming up uh we just want to be secure and then as markets move up they're getting forced into the stock market that's really what happens is money gets forced out of out of the more conventional and more uh i would say conservative way of looking at money and going into the more and it might turn out to be that's the way to think of it because your growth is what you need so that's really what you do when you're going to stocks so it's a massive cash potential cash a whole transfer and reluctantly at first but then they're going to start to remember the year 2000 those of you around that they were it used to be that they see what windows and orphans are in bonds but what happened was you had grandparents talking to the grandchildren saying what do i do what are i buy what what is that what is that uh um um uh microsoft uh i mean juniper you know at least they they went straight instead of going to the preferred stocks of physo or anything something like that more conservative is normal thing that you would do they went right into the most treacherous of waters they i mean they basically dived into uh cascading waterfall right they got into the top most of them and that that's what you don't want to do you want to do it very selectively do it very organized getting into stuff and then having your parameters to say hey if i'm wrong this is what you look for so the expectations nearer to the daily charts are really suggesting we getting closer and closer to some form of topping action that doesn't say that it can't go higher right now but i'm saying my technicals are just starting to get to levels they say we'll be a little careful and looking out the smaller cap uh and very weak 2020 these stocks could play catch up to the major indices and that's really a big part of what we're going to be looking at so within that context as i say xlc and you would think with people cutting the cord and all that but this is really the communications area it has to do i i was mystified before when i was looking at this is not now but it was about a month ago but Verizon getting smacked uh let me just go Verizon look there's Verizon i mean this was a horrible chart look at that just down down down down and then it broke out from the just under 30 and now it's turning 37 you had there was a Comcast CMCSA same thing was a better looking chart but it plummeted down to 38 scenarios at 44 oh oh telephone wow look at this telephone goes from the 20s down to the 12s or 13 area 13 and now it's trading at 16 pulling back a little bit but it's all the other areas of the communications oh is uh what's that tower semiconductor was American Tower AMT where is that oh i used to have this notated backwards and forwards all right i'll do it again it is in this last minute peak abcd abcd second d right there and it's a stalling a little bit at the Georgia period moving average okay i think it's also a reach American Tower right so i needed to go through those another question came in where is it where is it uh hello friends from india yes hi from india i in i in d is that uh the uh i in d i in d is that i in d you i in d oh i can't remember it all found i just looked at it yesterday uh there it is india grant media uh no it's not i can't remember the india etf for the e w whatever it is i wonder if it's no it's not e w i that's it's like e w oh whoa look at italy almost at an all-time high e w g was germany e w g germany recovery high this is the this is the this is not the index the dax index this is the e w e w so here we go pc t question on pc t um oh is this a thoughts on a climax low yesterday so i have a technique that i call volume price climax low and let's just see that it was a huge volume of 23.9 million i just don't see any volume like it anywhere but you see this is not the pattern that i look for the pattern that i look for is not just one sudden smash to the downside it has to be cumulative it's as if it's going down going down and then it gaps down and that's not good enough the next day is another red candle and then the final one is a huge gap down we saw that in shawd back here in march the 13th i believe it was there march the march the 13th 45 see that's that's the climax that i look for the volume huge volume and it gapped everyone at this point everyone just threw out every stock they ever had a shawd and said i i'm done i'm done i've got it it was up in the 80s just uh four weeks i don't know a week ago and now it's in the 40s and then what happens is it makes the climax low and it says within 28 days it shouldn't it was making higher highs and higher highs preferably higher lows it could go for 56 sessions well this didn't quite do that it came back retested a few times 45 65 was the low back in may and then it started to move up and even had a quick fallback recently down to the 47 layer look down to that right there down to 47 right there and now straight to 69 it's on our list one of our one of our stock single list i'll be back that was up 180 probably like that to 5 30 p.m. eastern dazzle Chapman will be discussing major sectors and stocks that are coming off their lows in order to prepare your portfolio for 2024 this is a free webinar for all opening call subscribers if you are not yet a subscriber visit the front page of tfnn.com today to secure your spot for wednesday december 20th tfnn educating investors tfnn has just launched their new trading room the tiger's end hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the tiger's den available to all tigers and tiger's for just one dollar for the year there's no catch or added costs when you join our community of traders in the tiger's den you can look over the shoulders of tom o brian and the other tfnn hosts while they analyze charts during their live tiger tv programs and join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com the reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand having the latest market advice can help you turn this chaos into a key for creating winning trades at tfnn we understand that it can be hard to find reliable market news that's why each of our market experts offers their very own market newsletter a must-have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade try any of our great newsletters risk free with our 30-day money back guarantee just visit the newsletters tab on the front page of tfnn.com tfnn educating investors everything in the universe is governed by the fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks you need to pay attention to and you can trust larry's analysis after all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from larry on market movement you need to act on at any time first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv i didn't realize uh your cycle tech that's a three dollar three dollar forty three cents stuff what you want to see is that that was some kind of an aberration to the downside just kind of oops it didn't mean it and that means it needs to get to 366 and 366 i would say without going to 320 and right now it's a 343 and you want to do this as quickly as possible um and uh as i say and it did make a peak in the daily and a peak in the monthly so it's this is all part of what happens sometimes when you get those tops and you get a sudden pullback now let me do a couple of things just as we're going to wrap it up so for tomorrow um i'm having my webinar and that webinar really i'm i'm looking forward to it in the sense that at this particular stage um sectors let me just show you this here it's a nice picture of me way back 20 something years ago maybe even more um in fact i think i had my conducting outfit on so when i was a conductor and clarinetist okay they've been of course subscriber webinar uh stocks sectors and stocks just coming off major 2023 lows ready for even more upside action wednesday december the 20th 2023 4 o'clock to 5 30 i'm really looking at the archive maybe like web calls and different techniques that i've discussed in great detail and show demonstrate so i'm looking forward to it i hope you can get through it um there's no no loose situations this is a money-back guarantee and i will see you a little later on i believe the time so have a great rest of