 Hi, folks. Basil Trapp is sitting here for Tom O'Brien, my pleasure to be here. Dow is up 387, making up more than the loss on Friday, and that's really important because it is hugging the nine-period exponential moving average. I'll talk about that in a moment. It's at $33,864, about to tell you the truth. Friday's close after the Fed speak on Wednesday, after all the CPI, PPI, and all those numbers come out. We want to see on Friday a close in perhaps the 34,100 areas. Is that too much to ask? Rather than $33,400 or lower. So let's get to this. We'll look at the S&P. The S&P at this particular point is also up nicely. The S&P is trading. Let me just click on that right there. The S&P is trading at 3973, up 38, also very good. Not the pattern itself. It needs a little more to be matching the Dow. I did not put it down error even though it's a peak. Actually, let me just show this real quickly for those of you who are new to my work. I try to identify the lowest low bar as soon as it starts to make a higher peak or peaks. I alphabetize them sequentially, A through G, ABCD, FG. If it gets upgraded from a buy signal to a buy mode, it means it should go to at least a D. You'll see how many D's there are. At least a D can go D, E, or even F. But in the meantime, back at the range. D's where other things can happen. We're only looking at three patterns in terms of the direction. Straight up, straight down. Cup formation, where it goes from one point down to the back again. Could be a V or a cup. And an arch formation, where it could go from one point up in an inverse V or an arch. Come back down. How it tests the low is important. This is red. It looks like a lowercase h, because if it goes to a peak A and a B and then fails, takes out this left side low. It could go quite a bit lower. And on the right side, the green, reverse Y means if it takes out that left side high, it can go quite a bit higher. And one other thing that I'll just show you right now, I usually talk about it and often show it. This is going to be really important for the month of December. The long, narrow rectangle, or the large rectangle. Let's go to each one of these things and I'll show you exactly what I'm looking at. Yes, I will look at Amazon in a moment. Let's just get to this. So the S&P has made this peak D. Remember the objective in the Chaff Wave is to get you to at least a D. But also, I talk about the 200 period exponential moving average. How important is that? Well, you want to know how important it is? Have a look at this. This is the E-mini one-minute chart. Whoops, I lost the letter there, but put it over there. Where does it need to go to? To at least a D. What has just gone to a D in the one-minute chart? It's gone to a D in the five-minute chart. It's in a leg D in the ten-minute chart. These are the techniques that I'll be working on. We'll be trading these. We'll be studying them. We'll be looking at a couple of other instruments that we'll use for trading on this coming Thursday. So don't forget you got your Tiger dollars today. End of the end of the Tiger dollar rewards. Can you believe 20 to 40% gain you get on your buying of these dollars? Because if you buy it, you can get up to 20% or 40% discount. Isn't that great? Oh, we've got a call. Do you say, hell, let's see, we have, we have. Oh, do we have a caller? No, I didn't have a caller. All right, we'll go right back to one. Hello. Yes, we do. Who am I speaking with? Sam from Philly. Hi, how are you? Good. How are you doing, Devin? I'm doing very well. And you'd like to look at it. You say, Oh, how do you what? What are the symbols? It's a little lady. You as in unit. Oh, you. Okay, that is Lufax Holdings. Yes, sir. Okay, good. So this is the way I look at this is the most immediate things. I look at it and I see a W formation. These U or W formations that I was just talking about a moment ago, it looks like that reverse Y in this particular instance has gone from the low of $1.30 on the 24th of October. It went to the requisite peak A, peak B, and then it kind of stored instead of going to see what happened was it went A, B. I'm just notating from the low bar each successively high peak, and then it fell and it broke to a lower low. That negates this peak C becomes a C minus. And that C minus says you've got to restart and it was uppercase because on the way up in the uppercase. So it restarts and now it goes peak A, peak B, brand new, I have to put it in. So the stochastics at 81%. So I can put in an up arrow. It says it should go to at least a D. This is an A right here that first that's a peak right there. This is a peak right here. And it's testing it. So today's highs $2.19. $2.19 the last high was $2.35. So it's got a little bit of a way. Are you along this from any position that you can tell me? Yeah, I only at $163. Okay, so I see because we're looking at a $2 stock folks. This is not for everybody. But obviously in this particular instance, Sam is done his homework. Have you ever traded this before? Yes, sir. And it will be actually a good dividend that has a good earning per share. And the PE is low. The only thing is different is a Chinese company. Alright, the fact that it's a Chinese company is an issue. But look at survive so far and it's bounced. It's almost doubled from the low that was just made at $1.26 on the 25th. So in that regard, I'm going to say, there's always a risk when you're playing very, very low, very low price, even low price single digit stocks, because they can go broke, you know that. So what you're doing now is you you're looking at it and you're treating it somewhat like an option in the sense that you're saying to yourself, well, it's held in the ones for a while. Even if it pulls back, it should give me an opportunity, hopefully to get out if it doesn't work. So this is what I like to do. And I'll be teaching this in my course on Thursday. And I'm what I'm doing is I'm showing you bar symmetry. I go to a particular bar, and then I measure the number of bars on the left and measure the bars on the right. And if it isn't the exact low, I choose a particular bar to do this. Can you hold on and I'll give you the results of what I'm looking at. Yeah, we've got salmon fully does a 393 recipes of 38. This is Basil Chapman. This is the Tom O'Brien show. I'll be right back.