 The following is a presentation of TFNN. The Tiger, Technician Hour with your host, Hazel Chapman. Call now. Call free at 1-877-927-6648. Hazel Chapman here on Thursday the 13th of January. Just about mid month we're looking at the Dow. Let me just get this right here. So the Dow futures up about 48 points. The Dow closed yesterday at 36,002 nights. You just make it real clear Dow needs to hold the 36,000 level all the way into probably Tuesday of next week and break under that and starts to say, oops, you're going to test that up channel support zone. And I'd say the 36,500 chart. Gosh, what a start to the day here. We've got it right there. And we've got the, yep, that's it. And we've got the weekly chart still holding really well, monthly chart, just a doji candle, nothing to see there. But what's really interesting is that we've seen a rotation even within sectors. And this is going to be the early edition of course, eight o'clock, eight o' seven right now to be replayed at my 10 o'clock hour. Most importantly, what we're looking at here is that if the Dow is able to climb into the 36,000, 680, 36,700 area, that MacD, the moving average convergence in the data will probably start to move higher. We've taken a little bit of insurance here. And what we're looking at is that the stochastics are very weak at 58% on balance volume. This is really not very good. But that nine period moving average is turning down but still above the 14. And you know that that's one of the things we use here in the chapter of methodology. One of the myriad tools we have, most importantly, what we're looking at in terms of January is how does the candle close and how does February, what's the reaction in February? Because what we're looking at here, you see this monthly chart? Let me just expand. And something that's worth doing that at this particular point is kind of a critical day. I suspect that this is kind of a, yeah, kind of session that we have today. Look, you've got this jet-weight inside track repellent. Look how many times, since it started, how many times has been hit and repelled the price? The price has not been able to break, to go to the green line, which is your breakout line and give you the number that would, in January, that number is in the 37,800 or 900 area. And a breakdown going underneath the nine period moving average is 34,770. So you can see we've got about, I'd say, maybe 700 points to 1,000 points up or down. And that makes a big difference. And it's kind of like, you've seen that. That's happened in days, we've had moves like that. But so far, what we're looking at is, I'm using the Dow's epoxy because I think the Dow right now, well, I shouldn't say right now. I should say the Dow for about two and a half to three years, I have felt very strongly that maybe there's one too many financials within it, but it has, it is the Dow 30, it has nothing to do with the Dow industrials. In fact, it is so far from industrial, the XLI is probably a much better example. XLI, XLI. Yeah, the XLI is the S&P select industrial spider fund. Overall, I would say that that's probably a better proxy one. I never updated that. Mostly it's at an E. And it's got the, it's still got the Chapman Stalkleg formation. And that usually suggests that you bounce a tan above it for the neck of the, there's the leg, there's the body, this is the neck. And then there's a subtle slide. And if that slide goes underneath the trough, which takes you to, it's at 106.26, takes you under 98.70. I guess it's called a 97. That would be very negative. But in the meantime, back to the range, just look, there's a sideways rectangle formation. You can see it in the weekly. So that's industrials. At peak C, it should be all-time high. Peak C at an all-time high. There should be a D. We'll see what happens here. In the meantime, back in the range, let's go back and we're looking at the S&P, because that's the S&P 500. A really great mix. Look at that doji candle. And this could be a halfway mark. If there's a close above 47.53, that's an obstacle now going to the body of the candle that we saw the day after the top of 48.18.62 on the 4th. The 5th had a higher 47.97. So if we start trading the 47, oh, I'd say 63 area, that means you can go quite a bit higher. And the monthly chart is saying, hey, we're making higher highs and higher lows. Monthly chart is still, I can't believe I'm saying this. It's still in leg B. Since the low of 2020, March at 21.91, we've had one little minor peak right there, peak A. I should remember by now what it is with September. Yeah, September was the high. Next month, a slightly lower high that made a peak. And now we've got, this is called a floating letter B. It hasn't made a peak B yet. All right, so now let's go through this carefully. Because the close below 46.92 would say, uh-oh, possible dreaded H pattern here and we could start to move tumble all the way down again. Just got to be real careful. So the S&P's kind of on the cusp. QQQ123, there we go. QQQ, whoops, what happened there? The QQQ is the NX100. This is a trading vehicle and was very important about this particular, let me just get this. I'm just trying to get the YouTube so I can get the questions, Tiger YouTube. There it is. Not too many people around because it is so early in the morning. I didn't make a big deal about doing a today show at eight o'clock yesterday. So some people don't know. All right, we've got the head was the 408.71. We've got the left side shoulder. We've got the right side. Not really not one of those head and shoulder patterns that I really like. Just lower lows and lower highs. A to B equals a C to do in the, in the Tiger Financial news networks. Lightning bolt pattern. So many people use it. BG in the monthly, in the weekly poverty and maybe it's a GSSC in the monthly chart. All I can say is it is in the middle of the range at 387. It's up 23 cents right now. Let's see at eighth good end of another 17 minutes we'll have some kind of economic news. We'll see what the move takes us to whether it starts move up or move down. What's really important now is that the Qs are probably the weakest of the indices and even more important is they've snuck underneath the upside channel and the upside inside track propeller zone in the weekly chart on the 14 just below the 9p moving average but the 9 is still above the 14 unlike the 80 which is in a cell mode. So this is a really important time. The Qs are still lagging. I started by a Nasdaq stock. I owe it folks for the subscribers. Please check your posts because my newsletter went out and for some reason I don't know what it was I guess a bunch of things going on. I sent out something just to make sure that you don't rebuy something we've already bought that didn't work out and that's a sad commentary on the stocks that were fantastic in 2021 and are now just being obliterated they can't even get rallies together. So I'll be back in a moment because I want to get to the IWM I'll do that right now the IWM in the rest of 2000 acting very weak but look at gold. The oldies hold quite nice. It's now full. What's separating you from the most successful men and women on Wall Street? That's right. Information. Having all the information tells us the perspective we need to place the right trades at the right time. 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TFNN Educating Investors Call now toll free at 1-877-927-6648 internationally at 727-873-7618 Hello folks, yep let's just get back to this this is Thursday the 13th at 8 to 18 in the morning the show will be replayed at 10 special day today so I'm taking the day off I'm also looking at the IWM trading at 215.91 down 8 cents look at this arch formation in the rectangle we've just seen this rectangle formations how incredible they conform to a pattern that I've been discussing for years and that is there are two rectangle formations there's the large rectangle which we use when we got to that low March the 23rd of 2020 and then I started to draw it as we went along that day and then we started adding long positions and most importantly what I said is that you can get the pattern that I said is like a lopsided cup it's more like a gravy cup and what happens you come down sharp and then it's this off balance off kilter pattern that starts to go to higher highs and higher lows and eventually it goes right back to the top of the left side high that was made before that huge tumble waterfall cascade to the downside and it looks like a gravy cup for those of you who like potato and gravy aha raise your hands now what's really important is when you've got a narrow sideways rectangle formation I couldn't show you how many times in the future you get these patterns where on a one minute try you can go for an hour and a half just going sideways between a pretty narrow training range if it's at the top of the range the chances are you're going to go one quick pop to the upside the magnet of the line says you're going to come back to the bottom of the rectangle and then you've got to be careful that you don't take out that bottom when it looks like the IWM is getting closer and closer and closer to taking out the 207 key support as a 215 for 91 right now when it does that it'll look like this anybody recognize what this is this is the dawn look at this huge bowl formation meaning that looking out the dollar could have a lot higher to go but on a short term basis there's this long rectangle this is a shorter term because it's the daily chart that went sideways between the 9690 area and that incredible double top of 9694 on the 24th of November pulls back to 9552 bounces back to where within 3 cents 9691 on the 15th of December and then what does it do it takes it out what does that mean you can take the distance from the top of the bottom of the rectangle and you can measure that and that takes you down to around about the 9450 area where are we right now we're at 9481 what does that do to the remember in Bach Jan Sebastian Bach you've got the most incredible counterpoint you've got melodies that go one way as another melody goes the exact opposite direction is contrapuntal and what we do in the market we look for the contrapuntal indices remember I come from a musical background I was a professional musician for a long time and most importantly I like to look at those relationships that's why in the Chapman Way of Methodology I'm always fascinated it took me years to realize that my ABCDEFG is exactly like the piano notation where you do not get an H there is never an H so it's the same thing in the Chapman Way of Methodology however let's get back to this and what we're looking at is the inflection point for the gold although gold is down six points right now six dollars it's coming right up against look in a sense there's a rectangle formation here but it's more like a cup if you look at the weekly chart I draw in this rectangle in a narrow range between 1848 ish and 1755 although it went above and below this is your fulcrum this is your narrow trading band that gives you the most price points hit in a weekly chart going back since June of last year so we've gone above and below and below it's like a propeller shaft up and down up and down it's like something on a spit when you're on the barbecue and now what we're looking at at 1821 Big C1 C2 in the daily chart this Chapman Way inside track repellent sign could very well become a propellant zone if there is a moving gold into the 1836 1842 I've already said two closes in the 1820s out of three days or three consecutive days you have two closes in the 1820s should be good enough to try to get you to the 1828 level 1832 we'll see if that happens but if you look at the weekly chart even if gold spirals higher there's a good chance it's going to come back and retest the middle part of the range in the 1820s so that says the gold has to rock it into the 1848 1858 area to say I've broken out I'm done I'm going right to the candle of the 22nd of November with a high of 1853 and a low of 1805 I want to tackle that I've already gone halfway into it I can get rid of all that energy at the bottom and use this as the 200 period moving average of 1806 as a propellant to the upside alright, enough with all that I wanted to show you silver is acting okay it's not as good as gold it has gone above it's Chapman Wave inside track repellant zone it's now a propellant zone at 2312 down to just 8 cents but then weekly chart says wow, it needs a lot a lot of work to move higher I'm just using the relationship of the dollar and I'm using the relationship of of gold, the inverse because I always say that over a period of a year maybe three, four times you'll get for about three to four weeks you get gold and dollar moving in the same trajectory not of the same percentage gains or losses but in the same direction most of the time they're trading in opposite direction you can actually put them in quartered mirror image exactly in the mirror image but it's close sorry, that's that this is a high grade copper high grade copper is pulling back a penny it's at 45, 4.56 very strong right here but there it is basically a second cup formation all within a rectangle in the weekly chart but certainly fabulous action so far and some of those gold stocks have done very well I wanted to do the EURUSD as soon as quickly this is your dollar currency pair went to a leg E it's broken out from the bottom it's exact reverse at the bottom it goes to the rectangle takes that out once goes to the upside makes a PPD and then starts another move that goes this is E slash B in the daily chart very weak technicals in the weekly chart so in the overall spectrum longer term dollar still looks very strong shorter term dollar's having a big problem and we should see that reflected in at least a rally attempts and certain selective stocks in the gold area moving quite nicely and that's what I'm expecting let's see I haven't covered TLT very important bonds are only up 21 cents 143.22 and that just says to us the TNX remember I spent some time last week with Earl looking at the yields and the yields right now is 1.743 in the 10 year it made a PPD it's pulling back with the MACD stochastic everything's still very strong and it's suggesting that even here this big kind of cup formation in the weekly chart that PPD was made at 1 at 1765, 1.765 yield on the 10 year TNX back in the week of the 2nd of April it looks to me like if that's taken out decisively going into the 1.81 area that monthly chart PPD in Leg C is going to get even stronger we've got to watch this very closely oh my goodness that's quick alright we'll get some 830 in user reports I hope somebody just give me a yell and tell me what's going on and then I've got questions yes I will look at applied materials AMAC and then I'll also Warren's question what average is going to be in January 2018 about 2022 are you looking for a way to consistently add winning trades to your portfolio? 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The Art of Timing the Trade Charts is designed to help you powering the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find and right now we're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee Don't miss out on this incredible new piece of software yet your copy of The Art of Timing the Trade Charts today by visiting TFNN.com First chapter Yeah, very funny, I got a note of the dent about something that I had on my list today I actually had it yesterday and I took it off I had it again last night, I thought I'd do it and then I thought, you know what, I just I'm taking it off, I'll talk about it in a moment So in the dent mentioned that the SQQQ which is the three times this is the short ETF for the QQQs that what kind of a split did it have it had a split, a split, a split a five to one split a five reverse a five to one reverse split I know they always do that we once had someone who worked for Goldman Sachs a very interesting story he got, he basically resigned, I don't know if he got fired he resigned, he and his friend worked there the traders on the side they were supposed to run funds when the the head office found out that they were actually shorting the very stocks that Goldman Sachs were telling the clients to buy there was a big problem what this person did but the other person that he worked with in much greater force was they shorted both the long and the shorts of the ETFs three times long and short ETFs because they shrink even if you're right if you hold them longer you really have to have a perfect entry point because they keep getting reconfigured at the end of the day at lower prices that is if you can just look at the SQQ this thing once was I'm not even going to go back far enough 45,000 45,000 this is some let's keep going it was once 220,000 that was let's go to August of 2011 and it's trading right now this is a post split an inverse split or reverse split at 31.57 so it was in the $5, $6 area so that's what happens to these things anyway just because that was interesting that's number one the other thing is look the TLT that is a problem you know I'm speaking to people talking about inflation we're seeing inflation I mean bacon it doesn't matter what you say people talk about inflation and the different things I'm wondering how do these restaurants what do they do they can't keep raising prices not incrementally they can do that but not exponentially you just can't do that what you're going to go in for something that costs $9.95 or say $11.95 but at the end of the day the restaurant owner has to charge at least $13 or $15 for that same thing we're seeing inflation all over anyway let's get back to our story here I'm looking at the TLT this is not a great scene because it says this arch formation probably will take out the $140 support that's going to be an issue we'll see what happens okay so here we go SMH is the semiconductor index trading right now 4.77 to 3.63 that's a nice action getting closer and closer to the 3.18 remember we spoke about these double tops how amazing it is that the price of the tradeable that you're looking at manages to remember to go back to within pennies of the previous high 22nd of November the SMH to 3.18.82 pqf plummets down to where it goes to 288 that's a 30 it's a 10% correction rallies to 3.18.69 on the January the 3rd was it? January the 4th 69 that is 13 cents away from testing that all time high goes to a low and now it's running again so that's important let's go apply materials AMAT we're just watching this and Kevin knew I had the right idea every time the semis drop it's really a good grade just buy them well if you did that Kevin at 145 you're looking at 159 close yesterday now it's at 165 it's up 5145 it's about to break oh 165 165 oh all time high we're talking about the semiconductor index at an all time high and that is quite amazing it's extended like GCSE in the monthly chart for applied materials and what are we looking at we're looking at AMD oh I didn't mention AMAT applied materials this is chapter 40 exclamation if it breaks and closes sharply above this it should test the left side high pre-market has already done that that's 163.02 now I don't know what the news is everybody there we go thank you Ruby US initial jobless claims 230k versus 200k this is a jobless claims 230k versus 200k estimate US initial jobless claims and continued claims for the current week well I mean this is all really good news and it's amazing because all I can say is that that's encouraging TSM TSM is a Taiwan semiconductor 138.74 pre-market up 6.51 that's taking it to a new leg that'll be new leg C in the daily chart an extension of C in the weekly chart in the rectangle formation that held beautifully at the lower part now it's going to the upper part in this kind of oval cup ball formation testing the highs and that takes it to legs C in the monthly chart 142.20 was the high of 32.1921 I would say that should be 3 I'm going to make that 3 I don't believe they're 32 months in the year so let's just get rid of the 2 over there so it was March of the 19th of March 2021 142.20 and here we are almost a year later and it's about to be test the highs so those semis are not giving up and that actually is a positive thing for the market what we're looking at here is coin index so there's a few people have asked the same question let me see if I can just phrase it from across here hi Basil if you look at the monthly charts all coin indices including the Nasaic really haven't dropped much that's what I was mentioning earlier on the past month still agree in further testing of lower levels or maybe make new lows in monthly charts to make new peaks in charts question mark rates to low nowhere else to go mentality yep and another one same thing Basil YouTube Basil if the averages go to new highs this month does that show another up here for 2022 so we have to be careful because within the context of the Chapman wave methodology it doesn't give you heights based on just the notation of the Chapman wave in other words it says if you break above this level you extend a leg if you break below you extend a leg down but I do use Chapman wave look at this beautiful up channel I've had two changes of it this is the line and then it flattened out a little bit so now the angle is I used to have let me see if I can just step over here and get my protractor I wish trade station had what many presidential shows he's always got the angle I'm going to use this now the angle of this is not the one I want to use but it's good enough so we make it flat like that and the angle we're looking at is a 28% angle is that right I'd say in a 25 to 28% angle that we've got in the weekly chart and it's hope that the support level and it's going to get up I'll talk about this later in a moment because the month chart is still making me it'll take us until last June before we can actually make a peak V I'll be back fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex creditor in the trading markets and join the Tiger's Den trading room only at tfnn.com the Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the den and surround 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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 or investors distributor 4-side fund services LLC 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 put it to 8 am here's the time we're playing so we take it to 8 am it's just right now up in the down we've seen the doubt which is actually stronger than the S&P which is only up 8 points so listen so the question came in so here's this beautiful up channel of the channel with inside track propellant and repellant zones what we're looking at it's just very in the 9 period really average is nicely above the 14 period really average I would say the dating chart that is showing some kind of weakness and I spoke about this yesterday it went from green to pink sell signal for a day and a half and then yesterday went L that's back to long on the S&P but the MACD still reached the castings terrible at 49% on balance did make a V shape turnaround but that's all it's done so I suspect this is a bounce and then within a couple of days we're going to start seeing it filter down and then we'll see if you've got a peak A or a B dreaded H pattern rolling over we don't know yet but so far I've just to say this is pretty darn good action alright now we'll be looking at this up channel of the weekly chart still very strong no signal whatsoever in the weekly chart based on the notation of the chapter 1 and based on the 9 being so sharply above the 14 period moving average which says that the S&P would probably have to go to 45 probably 40 well for the weekly chart to go negative that the pink with the 9 period moving going under the 14 the black 14 period moving average I don't see how it could do it without dropping below 45 82 so about 60 points from here before it goes pink but what's really important is that in the chapter 1 methodology this is real quickly because we always have new people coming in and maybe they don't know what I'm talking about so let me tell you what I'm talking about that within the chapter 1 methodology there's a pattern that we look for if we can identify the lowest low bar and watch the 23rd 2020 was the low bar you count each successively higher peak alphabetize 8 sequentially A, B, C, D, E, F, G you cannot get an H that 7th highest peak is where other things that you have to maybe change the notation it could become a G C because it could be an instant restart a whole bunch of things but it's at that 4th highest peak that other things can happen so when you get an upgrade of a buy signal to a buy mode through technical reasons it means that the implication in the chapter 1 methodology is that you should get better whether it's a 1 minute chart a weekly chart or a monthly chart or a multi decade chart you should get at least 4 higher peaks to a D that's your obligation in the chapter from there other things can happen it could recycle it could do a bunch of things but it's to get you to that 4th highest peak they use other chapter 1 techniques we haven't made peak B we can't do that until February the last day of February to confirm a peak B with a new high bar throughout the whole of February higher than January then it makes a peak B so that means if that's peak B then you get a leg C and that would take you the next month that's for me March then peak C April then leg D may then a peak D June then I said that correctly leg D then a peak D so it takes you half way into the year so when someone says 2022 close higher that's two separate things because if it's every other month now we make a new high we'll wrap it up by mid-year and they could say that we make an all-time high I'm not telling you what the price is because that's a different technique but it makes an all-time high and then it could plunge we could get the big one it could be a 50% decline in five months I don't know I'm just saying so I can't tell you about the year close on 2022 but what I do say is that there should be higher highs to come number one and number two is whatever the high is for peak B you might only make nominal highs for leg C to peak D to peak C and then peak D peak D could recycle and have a whole brand new bunch of roofs to the upside what I'm saying is the obligation is to get you to at least a D then use other techniques we've done that for so many stocks stocks we've had for over a year we're still long the dollar from DXY from 90.07 really not just like that from 90.07 back in well here it is at 94 but in the interim it's gone up to 102.99 then back down to 89.21 we've already taken one little bit off at 96 I don't want to spend time now maybe tomorrow I'll tell you one of the reasons why I want to keep holding the dollar it's really an icon it's like the Harley Davidson around the world that represents American America that's the icon is the dollar enough for that let's go back to the question so yes I do expect higher highs in 2022 I'm not saying we close the year at the high yet but I am going to say higher highs and I'm not even going to say what numbers just yet we'll talk about that as January progresses I'm getting a good sense of what I'm looking for but I base it also on things like the IAI the broker dealer index trading in 2012 I don't think this is going to just wrap up this is a peak C so that's only got a leg D to go the Dow is a leg leg E but there's a chance that this could become an instant restart because within two bars actually within two bars not three I usually say three but within two bars we have a new high off the peak D so I put the circle in can you believe that if we only go back to 30 we don't take out the low of I think it would be the low of this low right here 33,000 613 before we make higher highs that could be an instant restart that means this is E-A and we still have to get B, C and D I mean I don't want to get carried away I'm just saying to you these are the parameters to watch I close under 33,500 negates the chapter we've instant restart keep that in mind that's all you need to know okay now let's get back to our stories here I don't want to wrap up the day without going through a couple of things the question in the den you want to know is yep we did that Martin wants to know about applied materials so applied materials just for the old question if because wow yeah this is still A, B F slash C a new high I would call leg D in the daily chart in the weekly chart I'll call it an F slash C in applied material I'll do more work in it tomorrow let's see where it goes today let's see how it impacts the market the semi is moving higher today should help the doubt I thought the doubt would be a little bit weak going to the 1.30 to 2 o'clock area and therefore we'd have some kind of a sluggish close but that's not the thing TSM says they will be spending 40 billion in cap acts thank you polar jay whites great great views so this is the Taiwan Semi Conductor is looking very much like applied material this is a great Semi Conductor company this is amazing 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 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That's TFNN.com and hit Watch Tiger TV. Alright, so in the Tiger YouTube is the question about the DWAC starting to speculate could be a screamer, thoughts like maybe the 12th could be big momentum through that day beginning, you know. I've only followed it as a stock that goes by on the Tiger. I'm not sure about the whole other stuff. Is this related to Trump's show that he's about to use a new company, a news company? I'm not sure. But yeah, I had it yesterday. I had it yesterday as a potential because I saw it was up about a point at two pre-market and I know when it moves, it is just as you say a screamer. DWAC, what is it called? Digital World something? A digital world something. And then this morning I had it on my list. In fact, for my subscribers I had it on the list that says right here all the stocks that I said that are acting so well. I spoke about ZIM, ZIM I had mentioned it previously, a shipping company G-O-G-L also, much low priced shipping. TGB, Copper, Bose, that's the Mosaic company. X, U.S. Steel, M-P, this is in the metals. BHP, P-T-R-A, V-I-A-C, AR I mentioned all of these in the headline, my first paragraph of my opening call newsletter and I had W-A-C, D-W-A-C and then I said, you know what it's already moving, it's a little too late but yeah, I think this is a flyer but I do see it in leg D so I'm holding off for now, if I do it I'll do it only as a quick trade and I'll say take the money if you're right. In the market, whether it's Philip Morris or whatever it is, you make your own decisions, your moral decisions I don't care what it is cheap it as a trade. Wow, that's the end of the show. I'm going for a leak. Alright folks, I'm going to say have a wonderful day you guys. Oh, Tommy O'Brien is coming out, this is going to be the the real market people. Mine is just the show kind of closed.