 Welcome folks, this is Tom O'Brien of TFNN. We have five days a week, we go seven hours a day, we go 24 hours a day in the internet at TFNN.com. Always remember folks, whatever you think about, you bring about whatever. You focus on the rose, hope everyone's having a great day, safe day, it's making a great night. It's cold in Florida folks, that's why we're all like bundled up, I know. Sorry, it's 53, we're little wimps in Florida. You can see Dave was bundled up, I'm bundled up, Tommy was bundled up this morning, the beautiful thing. Let's take a look at one of our four agreements. Create new agreements based on respect and love. Take the responsibility to make new agreements with those you love. If the agreement doesn't work, change the agreement, create a new one, and use your imagination to explore all the possibilities. Mockin' wise, let's take a look at it out here. We have the Dow Industries up 75, Nasdaq's down 156, S&Ps are off 22, Gold Contract up $8.20, straightened at 18.49 notes. We've got Silver up 12 cents, $23.91 announced, light sweet crude, up 194, $85.25, a barrel, notes and bonds. The 10-year note, down 12 ticks, straightened 128.04, the third year off 18 at 155.11, a King dollar. King dollars up 74 ticks, straightened 95.992, euros at 112, yen is at 113.92, and the British pound is at 135 to one US dollar. iPhone numbers 877, 9276648, give us a call folks, one note's going on in your world, and the world of the S&Ps, let's take a look at them. What do you have? Well, bottom line, we take a look at the spy first. What you're gonna see out here is that, you know, you go downtown yesterday, big time, market came back, downtown this morning, you know, the spy got to 427, 10 points higher than that, inside the range, the range is being 426, you know, bottom line, you can only have so much selling folks, okay? What's intriguing here, of course, is that we're coming into the Fed, how they're gonna talk about it, what they're gonna do, and I'm sure they're shaking their boots themselves about how they are going to put this in words, okay? Bottom line, might take care inside the spy that this thing's gonna bounce to at least the 450 area, we'll see how it handles that area, you know, but yeah, 450 first thing, that's just basically 450 to 453, that's the first leg up. And I should expect that as we get up to that leg, you're gonna see that thing go on low volume. NDX 100 is the same setup, we got down to 341 today or 358, a 48 right now, bottom line, now the difference, this is kind of intriguing, that NDX 100 is weaker than the spy, that being said, this bounce could go higher, because where we're going with the NDX, 378 is game, that's just because how the NDX broke down so dramatically too, so I suspect 378 is game in here. Gold, gold contract wants to break top side, so this will be interesting to see how the Fed, you know, comes into the aspect of how many rate hikes they're gonna have, what I suspect they're going to do is this, this is what's really intriguing about what the Fed has done, that's five, versus what plenty of market pundits and analysts have done. You know, we know we've read like in a monster way, oh, there's gonna be six in a row, there's gonna be eight in a row rate hikes, okay, the Fed, you know, if you read those papers, say nothing like that, okay, bottom line, Powell said, yes, I'm going up and it's gonna be a steady deal, you know, I think what they're gonna have to do tomorrow, they're gonna have to reiterate that, guess what, this is not gonna be a fast, furious rate hike, one after, it might be one after the other, but I don't see it being eight. They're gonna say something because guess what, when you have a market that, you know, can go down 10%, which markets can all the time, and that shakes a lot of closets, that's for sure. Now look at this, if you listen to Tommy this morning, this is great info, so, excuse me one second, let me get my phone because I took a picture of this, okay, so Tommy and Tommy show this one, he was talking about, there was an article on Bloomberg yesterday, it was a great article, and what it had to do with was the aspect of when volatility comes in like this, and they have the actual dates when this volatility came in, you know, and you can go right back to 2000, and the first volatility in August, you were down 4.25% and then you went up 3.8% before the day was over. Well, the bottom line is that that deal there folks was the beginning of the down draft for over two and a half years. Now, none of us know like okay, how long does this go on? My take though, let's put this S&P up for a second, is that we're gonna be in a very large consolidation, so what I'm gonna do here is this, because most of the time what ends up happening is that you end up doing very large ABC structures on the way down, and the danger now is that the first, if this is gonna be an AB of a ABC structure down, the first leg is extraordinary because the leg goes from 48.78 inside the cash S&P down to 43, 42.22, that's insane. Okay, but it is what it is, like over 500 points, right? So let's picture this, let's picture that you turn around and you bounce all the way up to 44.95, that's gonna set in place 4,000. 4,000 sets in place, let me pull this back, May of 21. Let me see what that is, May of 21? That's May of 21 right there, and that would be, let me tag that for a second, that's May of 21. I just wanna see what kind of retracement that is on the whole context of where we've been. Okay, so, well, 3800 is a .382 retracement of the whole move, you know, we'll see where it shakes out and we do have time, there's no doubt about that. What we're gonna be looking for is this, we're gonna be looking for the bounce going higher and if you have the contraction of volume, that very well could set up a very large ABC structure on the way down, so, you know, we'll see how this will, but you know, we know, and it's not just equities, folks, it's almost like everything has been pretty overvalued for, you know, the last year and a half. If we look at the dollar out here, the dollar failed at 96272, you're at 96 right now, which is really cool because the bottom line is that if you're a gold bull, you know, I want this dollar to fail and I'm looking for this dollar to actually get on a 91097. Stay right there, folks, come back with I'm Amis the Basil Chapman.