 Welcome back folks. We have the Dow finished down to 286 Nasdaq off 122, S&P's off 38. Let's go over to our man, Mr. Basil Chapman, as we do each and every Thursday at 20 past the second hour. And folks, as you come over to TF, don't forget, Basil is an outstanding program here. Every trading day, 12 to 1 each in standard time, also has a great newsletter, the opening call. Now, the way you get the opening call, you come over to our website at TFNN, you're going to hit Newsletters. As you hit Newsletters, you're going to see the opening call right there, right in the top line. You hit View, you can hit Subscribe, and you can get Basil's letter for one month for $128. You can get it for six months for $5.95, which is a savings of $173 at 22%. You can get it for a year at $995, a savings of $541 at 35%. Now, as you're over to TFNN, if you want to pile on, which would be a beautiful thing. We have a semi-annual tiger dollar sale. We do this a couple of times a year. It seems to always about kind of Memorial Day and basically Christmas. The way the tiger dollar sale works is that tiger dollars are good for our product at TFNN, have no expiration date, totally transferable, and you get either, if you buy $500 in tiger dollars, you get a 20% bonus, you get an additional $100 to spend. If you buy 1,000, you get a 30% bonus, or 1,300, 300 extra. If you spend 1,500, which is the max, you get 2,100, which is a $600 bonus, off 40%. If you have any products at TFNN right now, you're looking to get me. Great way to save a great amount of money. Basil Chapman, what's going on? Hi, Tom. How are you doing there? I'm doing good yourself. Very good. Looking forward to the long weekend. Yeah, that's right. And you get some good weather, right? We're going to have some really good weather at least. I'm hoping that it's going to be good weather because we deserve it. No, that's a fact, no doubt. So the weather in the market, let's talk about the weather in the market. So the weather in the market, so we're talking about the weather, now we're talking about the market. So the rain was coming down for weeks and weeks and weeks, and now for the past many weeks, it's the 23rd of April with a dowry of $26,695, which is 300 points off the all-time high from October. It just couldn't get going, and there was what we call a peak D. I'll just really quickly do this in the Chapman Wave methodology. We're looking for patterns, and the first pattern we look for is to identify the lowest low bar that can start a buy signal, that can go to a buy mode. We merely look for four successively higher peaks, alphabetize them on the way up, A, B, C, D, uppercase, and it can go to E, F, and G, but D, the fourth highest peak is where other things can happen. I always look at the market saying there are only three directional moves, it's straight up or straight down, there is an arch or a curve, and sometimes you can get a mix of the two, but it's still the same pattern. So this H, what I call the dreaded H, because if you take out this left side low, it could go a lot lower. That's what we were talking about, and I spoke to you about this last week. And what I said is we have a sell signal, we got a sell signal in the Dow, it was actually the day before the peak D high on the 22nd, we got that sell signal 23rd was the high, we've taken a little profits and we're still in a short position. Now, you see then the Dow daily on the left side, you see this arch formation here, and there's something I call the left side, right side price time match, and this came down from the high that was made in the 23rd in a much quicker timeframe to the 26,222 level, which took out the low that was made right there on the 25th of March at 22, I believe it was 22,372. So what happened is there's now a bounce. And I spoke to you about this 14 period moving average over the last couple of days, I've made it nice and thick and black. So as you can see how it really is like a barrier, it's like a repellent zone, I call it a repellent zone. And for four out of five sessions, the Dow tried to get above that line and it couldn't, and then the last one was yesterday and now we've come down sharply underneath the 200 period moving average, but be closed above it. So this next arch formation, this is what I call the dreaded H, that's what we're looking for because in the next couple of days, if it takes out 25,222 low, we've got to see how it does it. Do I get any signals here to say that there's perhaps a turnaround with a bounce back? It's going to be very important. And on the upside, once again, we've got this 14 period moving average of 25,827, and you can see the weekly chart is making a little arch formation here, stopped at the 14 period moving average, the black line couldn't get through it, but it has held this little uptrend line. So those are important. Also, for the subscribers, we're also shorted semis, the semiconductor index. Look at this big arch formation, it's the same methodology. In this one, we had a left side which took the law of 103.99, made them the 28th of March to the high of all time high of 120.71 at P.D. on the 24th of April. And we've come down. We went one bar extra to break that law of 13.99. We did that four days ago, tried to bounce, hit the 9 period moving average, and now it's come down to the 99, actually the low to those 98.50. So you can see from the technicals, it's really close to at least some kind of a bounce. Unfortunately, the stochastic still flat at 9%. So how the semis bounce is going to be very important. I think semis are very tied to the Qs, the NDX100, and tied to the XLK, which is the S&P tech sector. So to go with all this, I thought I'd also mentioned that I'd spoken on my show about crude oil and crude oil. I said, I like to look at crude oil as a positive like the transportation index, if the three are going together, the Dow, industrials, the Dow transports and the crude oil for a while, that's been a good sign. And if they start to come down together, which they've been doing, that's not a good sign. You just spoke a moment ago about crude oil. Look at this long term up channel and it took it out. So I'm looking at this and I'm saying, well, I was looking at it as maybe time, maybe price, maybe a time and price on the consolidation side, we'll know a lot more by early next week. But I think we're getting close to some kind of a bounce. But I think, first of all, I have to treat it as a bounce. The technicals aren't yet in this in the area where I'm saying that it's a much bigger career that we're starting a much bigger move to the upside. I just think we'll see a bounce. And to do to go with that, I'm the actual the speaker. Let me show you over here, special speaker meeting. This is the Boston Investors Group. Yeah, this is going to be Wednesday. It's coming Wednesday, 29th. It starts at seven. I'm the guest speaker and it's over at MIT. It's E-51, room 376, 17 Memorial Drive, Cambridge Mass. Very easy to get to. And I'll be discussing the socioeconomic political trends we're looking at. What what what the charts and the Chapman Wave are looking at. I've discussed again, the fang stocks, which I've done many times over the past six months of saying saying that they're in a big consolidation, I'll be talking about financial semis, dollar, gold. And many, many questions come. It's really a great group because many are fundamentals and I do technicals and fundamentalists look at the the theoretical side. And I try to do the tech, I do the x-ray of the patient. So they give me questions that I have to on the spot, try to figure out. So with a lot of fun, a lot of people and we really have a good time. So I'm looking forward to this. That's going to be great. And what all what always happens, folks, is this is so funny, too. I'm not saying it's a bad or a good thing, but in down markets, folks, fundamentalists stop paying attention to technical people. It's hilarious. When I when I hear it, even a fundamentalist on TV said, oh, technically, this is going on. I'm saying to myself, they're not a thing they had. They hate technical analysis. They don't hate it, but you know what I'm saying? Do you remember how long it took the Wall Street Journal to actually put a chart in the Wall Street Journal? Yeah. And then investors business daily was doing that back in the 80s. Oh, yeah. So, yeah, you'll see what happens. Yeah, technical analysis is the x-ray, the MRI of the patient. And you got to love it. And listen, folks, that's going to be a Wednesday, the 29th. Check it out. Check Basil out tomorrow. Basil, you have a great one. Safe one. We look forward to a show tomorrow. Thank you very much. Have a great long weekend. Thanks, man. You too. Stay right there, folks. Come right back. The Taz profile scanner is the most