 Hello, it's Basel Chapman here and this is Tiger Foundation News Network 11 a.m. Eastern Time Market Update on the 7th day, Thursday, April, and we're looking at down 200 points at 34,293. It's almost a one-to-one, you know, TFNN. We kick off at 9 o'clock with this is the market kick off with Tommy O'Brien Jr. We go all the way to Tom Sr. Wrapping up three o'clock to four and everyone here talks about the one-to-one lightning balls pattern where you go from an A to B equals C to D. I call them the Chapman Wave methodology just lower troughs and this particular instance we've gone from the 35,372 level down to the 1st of April, 34,533 then that sudden big spike up to 3512 and today's low is 3446. Now you've almost got the one-to-one to the downside. This is where there should be some kind of support coming in. Let's see if that's the case by the end of the day, a little bit of strength to come in to get off the lows. That's going to be important, but you've got a mixed market. Talking about a mixed market, look, there's the S&P down six, only six at 4474 under a 14-period moving average to QQQ, showing nice relative strength. Although it's down now, it was up earlier quite nicely, it's at 350 with a resistance at 358 in the 200-period moving average. I must mention this, the IYT, you can't ignore the fact that the IYT has just plunged as if some horrible news about energy has come out in the last week and it's gone, the IYT Transportation Index has gone from the 276th level on the 29th of March with 1, 2, 3, 4, 5, 6, 7. Huge red candles, except for one little dogey candle right at the 200-period moving average to check it out for strength, it didn't. So this is almost, I mean, what a move down to 240, that is a really big move in a week and a half, so you can't ignore it, but at the same time you've got some areas of strength certainly in the defense of stocks, but if you're looking at gold, it's stuck in a range, it's trading up 16, but it's still within a fairly narrow range. Crude oil had a huge move to the upside, now it's just digesting those huge gains, that's up 43 cents at 96. This is really important, together with the transports, we've seen a plunge in bonds, which means that yields are screened to the upside. All of that is really negative, and yet when you look at the market right now, we should be way, way lower, so either that's about to come, or in fact it's a rotational correction that we're looking at. I'm in the rotational correction camp for the moment. Stay tuned, you've got a great program coming up all day, and check out my opening call, my daily newsletter, and I will see you, don't forget my webinar coming up on Wednesday the 13th.