 about the chat and what's going on. Wow, talk about off to the races. Yeah. Look at the Dow on the left side. Yeah, this is the daily chart and the middle is the weekly and on the right is the monthly. The gap down that we've got just yesterday, we were looking at $35,091 and I said to subscribers, we're going to see whether or not this is a touch millennium level of $35,000 and then reverse like it's like the third rail. We've got to watch it closely. So we have reversed, but what's really interesting and you were discussing some of this earlier is the rotation. When we make tops, not always, sometimes we make coincident tops, but they're usually very short term as all the indices come together. But most of the time, we're looking at a rotation because each index and each sector has its own cycle. So we've seen that the semiconductors made a top back in February. It rotates through the sectors and cues became later on. S&P and then IWM, of course, was earlier. So we've seen that just a few days ago, the Dow made its high and then the S&P joined it on Friday and now they're both pulling back. So what I'm looking at here is a chance is I'm thinking of turbulent waters and you're on this boat and waves come from the one side and they come from the other side. So we've already seen the rotation. Let me just show this here. Let's go through the IWM. So IWM made a high back on March the 15th at 234, drops down to 208, readies to the 230s, slumps again and today's low of 2 in the 214 area has seen a nice candle. But what we're really looking at is a sideways action. My concern here is that there's a chance of me making a head and shoulders in the wiki. There's the left side high, much higher high for the head and then I'm almost a matching right side high in the 232-ish area and we've got to watch this closely because if there is a slide under 208, we're probably going to take out this left side low of 207 which is from the week of the 5th of March. So there needs to be at least a decent counter-trend rally here and we can go sideways for a little longer and if you're looking at the QQQ, you'll see the Q's made a high on the 29th of April, 342. Really it was the 342-23 high that was made a little earlier in April in a double top and it's broken down and you think of it in just a week and a half, two weeks has gone from 342 to today's low of 319. So yes, it's ready for a bit of a rotational balance and if you look at the SMHs and I always talk about the SMHs as I mean just throughout the years, it's actually throughout the decades when the SMHs do very well, generally the market does and when they start to fad at some point, the market starts to slide. So we're looking at the SMHs which made a high, I'll go back a little bit further because they double top but basically it was the high of the 16th of February 258, plummet down to 216. That was a very deep correction but then it had a good rally and failed by just over a point to make a new high, 257.54 and that was early April and then all of a sudden it comes down. So for subscribers we've been looking at this for some time, we've been short for a little while in the 253 area and we're plummeted down to 225 this morning, nice rebound but I think that's all it is and basically it's stuck in this rectangle formation, this is the semiconductor market vectors ETF, 258 high and we're looking at the chances are good that in May, at some point in May we should test 216 that was the low of the 12th, week of the 12th of March. So it's rotational and then because the down the S&P were the last to make their highs, so they are under a little bit more pressure so the others can bounce and I think as they bounce so the S&P and I'll just do this quickly, the S&P which made a high 4238.04 just three days ago dropped down to 4,111 this morning having a very nice counter trend bounce but I think it's just a bounce. So what I'm really looking at here is there's a rotation going on sometimes doesn't happen often but sometimes the rotation you serve some of the downside momentum so that you start to use time more than price. So that's really what I'm looking at. How do we come out of it? We still remain along the Dow. I'm just looking at this and saying and I spoke about this a couple of days ago I said even if we break and we've broken more than a one-to-one to the upside in this rectangle formation this whole area must become a very strong support on any weakness and that makes the 33,600 absolutely imperative for the Dow to hold because if it breaks that then all of a sudden you're looking at the weekly charts starting to see some technicals that are fading but at this point I have to just consider that it is a consolidation, a rotational consolidation and we're telling subscribers we're trying to raise some cash because there are going to be some very nice buys coming up. We've taken some profits, we took some really nice profits and one of the stocks 147% off the remaining part and this is one that screamed DDD 3D systems from the eight and a quarter area where we went along it screamed all the way up to 56.50 came down very sharply on the way up and even on the way down we took a little bit of profit and I said today let's get out of the core position on this balance I think it's gonna come and do some retesting we can always get back in but this is a time to kind of build up a portfolio of cash as well as stocks so we're building up some cash so this is and you know we were looking at you were talking about gold what's interesting about the GDX is that it's it's holding very well here and this is the gold mine we are along the gold miners and we're along a gold stock so the first time we've actually had good positions in the gold area and I think that it's telling us that this is going to become an area that in terms of we've had huge profits in the bitcoin and I think bitcoin is now stuck in a range and as it's stuck in the range I think gold is going to become a little more attractive and the dollar I think you're right there's a pattern that I talk about very often that call it's a pattern I talk about which is called the falling axon basically all it is is I'm looking at I'll show you this pattern right here uh oops you've got the music well what's happened is we started to break support in the dollar save this 90 level 88 89 level in the dollar breaks they can pull back quite sharply yeah folks come on over to our website at TFNN you're going to do newsletters just see the opening call right on the right hand side you hit that baby and you are off to the races guys you have a great one safe one we look forward to show tomorrow thank you very much son