 Hi everyone, Basil Chapman sitting here for Tom O'Brien on this Thursday, the 16th of November. It's very interesting when you think about it. Look, the dials down 124,000, 34,866. After a move that went from 32,327 to 34,868, that's 24, 2,400 points, all we've managed here is that at a very, just on a purely technical overboard level, we've pulled back, but basically it's only pulled back because Walmart is down, Sharp is down 8%, down 14 points at 155. Most of the other dial stocks are not doing too badly. You've got a couple of, I'm just glancing here, travelers is up. Let me just check. It's up a little bit. Most of them are up a little bit or down a little bit. So let's go on because I'll first show you this. If for those of you who are not used to my work, I do the Tiger Technicians Hour every market day, 10 o'clock to 11, that's Eastern time, in the Chapman Wave Methodology, and I have a newsletter called the Opening Call. And I look at this, you get a starting point for whatever price you're following. And if it makes a peak A, the first peak, and then pulls back and holds the left side low, and then keeps going higher, very quickly, it should go from a buy signal to a buy mode. The implication is that you should get at least four higher peaks going to the peak D, A, B, C, D. You can go E, F, and G, but D is your objective. And that's also where you can get your sharpest decline. Look at this chart right here. I'm showing you here's travelers. There's a peak D above the 200-period moving average. Look at that sharp decline. Now it's peak A, peak B, peak C. Another D we're going to be watching this closely. So let's go back to the charts, and I'll explain the reason why I showed you that, is that the Dow is in a buy mode. The stochastic is on the left side. This is the daily. This is the weekly. This is the monthly. The daily chart has got a very strong stochastic. Above 80%, it's good. Above 90%, it's fabulous. Above 95% is just perfect, especially if the stochastic remains flat. If it just bounces up over 80%, then fails, be careful. But this is at 96%. The on-balance volume of the blue line is good. The little gray line, the rental strength is good. The 9-period is over the 14-period, and the price is way above. And we've got a left-side right side price time match to that midpoint right there in October, which went almost to the day to break above the high that was made back in September. And here you are with $34,868 as the high yesterday, pulling back a little bit. And as I said, Walmart is a fairly big part of that, although it's being ameliorated by Microsoft, which is up 6 points at an all-time high, trading at $375.78. See, this is what's happening in this market. Whenever something speaks, something else takes its place. When everything's something strong, you get a little bit of a pullback from something that's weak. But look at this cup formation. It's broken out, very nicely. So Microsoft is leading, and you've got other stocks in the Dow that are playing catch up, but you've got a couple of leaders that are really counting. S&P, which also has Microsoft, is up. It makes an all-time high from 4103 October the 27th. And we're going to have Tim Ordon at the half-hour who made a fabulous call right on that Friday. And look at this. The S&P's gone from 4103 to a high yesterday of 4521. I would say that a 580-point rally is not bad at all. And look at this slide. Almost like, do I have to pull back? Okay, I'll pull back a little bit. But then, very quickly, we should go to a leg C. A leg C will be one penny above the high of yesterday. The QQQ, it's the same story. QQQ. Now, Microsoft's in the Dow, Microsoft's in the S&P, Microsoft's in the QQQ, and the XLK. So look at this. We're pulling back a little bit today. 387.75 is the high of yesterday. It went above the high, just barely above the high of 387.98. Oh, it hasn't broken above it yet. The high of the week of 21st of July. So it's acting extremely well. IWM, IWM is a Russell Smallcaps. It's a Russell 2000. So we've got the daily chart right here on the left, weekly chart in the middle, and the monthly chart on the right. You can see them going from the right. That arch formation says, wow, there's a lot of work to be able to use that as a bounce-off point. The arch formation here in the weekly chart says, well, there is a very nice bounce, but the 200-period moving average once again became a very important level and got repelled in the daily, but in the weekly. The daily is the same thing. PG pulling back a bit today, down two and a half at 176.33. But the technicals are starting to improve a lot, and that just says that IWM should try its best over the next week and a half to get to the 184-185 level. Now we need to go to the gold. Gold was plus 22, so it's still plus 22. Now it's plus 22.1 at 1980. Has it closed down or something? It's been at this level for almost all day, but you see this pattern here I call the falling arch formation. It looks like the arch handle right here. Let me just show you the chart. This is one of the techniques we use in the Chapman Wave methodology. Look at that. It goes straight up, suddenly stalls, makes the lower highs and much lower lows, and all of a sudden finds some support and tackles that declining and expanding cone resistance. If it can break above it and hold, that's going to be very positive because then you start looking at the left side peaks to challenge. Well, if we use that same analogy right here, you're looking at if gold is able to close, I prefer not just bounce, but this time I'd like it to actually close above. I'll make it 1998, preferably get into the 208 area. If it can do that, then it's going to form a V shape or a cup shape formation trying to get to the next high, which will be in the continuous contract of 2011. Key support, a lot of support here at the 69 to 1960 area, but silver was a screamer. Look at that. It bounced way above the challenge of pre-moving average in a way it's leading. Now, the question, I don't want to get into this now, due tomorrow, my show at 10 o'clock, it's Tiger Technicians Hour with Friday's, the Chapman Wave analysis. We do think there's a little bit more detail. Is this EOA? Well, that's the big question. But in the meantime, it's acting very well. The Magdy's good. Circassus lagging a lot. And the weekly shows you it's got a lot of resistance in the weekly chart of about 20, just right on 24. So far, it's acting well. I'll be back because we want to talk about bonds and the bonds are up today, up a point. We'll be back. Basil Chapman City for Tom O'Brien. Dow is down 138 recipes down two. See you in a few moments. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in