 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now Larry Pezzavento. Okay, looking good Billy Ray feeling good Lewis. I posted a chart here of the NASDAQ action here over the last eight or ten days. I'd like for you to see today. Today's high, you'll notice was the 382 of the high that we made two and a half weeks ago up there at 14,936 is what it was. And we went all the way down. We dropped 130 handles and then came back 120 handles. So this is really a really wild volatile market. Heather Dow Jones still under pressure, but the others are not. Folks, I'm not really sure whether I'm going to be able to continue or not because my voice is getting worse and it's my throat is starting to hurt. And I'm afraid I'm going to have to take a pass today because I'm having a real difficult time talking. So Al, I'm sorry to put you at this disadvantage here, but I thought I was going to make it. But I didn't realize how weak my voice is. So I'm not going to be able to continue here. So Al, why don't you, I don't know. Well, folks, I'm really sorry. I haven't had this trouble in a long time. I just can't continue. So I'll catch you on the flip side tomorrow. I apologize for not being able to do it, but it hurts. I'm not sick. It's just my throat hurts. Sorry about that, folks. I'm always committed to sharing his techniques and knowledge with anyone who wants to learn. And he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN, educating investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN, educating investors. TFNN has been educating traders for more than 20 years, with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den, available to all tigers and tygruses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs. And join an interactive trading community with hundreds of members exchanging ideas. Interact with other tigers and tygruses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. The Tiger's Den at Discord is available on 877-927-6648 internationally at 727-873-7618. Hi everyone, Basel Chapman sitting here for Larry Pazavento and Larry's voice just kind of just went right out. As he was talking, Larry, I hope you get better real soon. We need you here. And the meantime back at the ranch, the Dow is down 116 at 34,383. It went to a slightly lower low this morning. Yesterday's low was 30, Friday's low was 32,000, 34,263. Today's low is 34,248. Now it's attempting some kind of a bounce and if you're looking at the futures, look at this. I've got to change that. So that is a D going to an E. Let me just do this real quickly. Some of you might be new to at least my work and let me just say I shouldn't put that in. All right, there we go. So in the Chapman methodology, we try to identify the lowest low bar and count every successively higher peak alphabetized sequentially uppercase on the way up A, B, C, D, E, F, G. Never goes to an H that's six highest peak is the highest you can go without changing the letters. And at D, the fourth highest peak other things can happen. So with that said, I'm always looking at a couple of patterns that just repeat over and over and over and over, just like Larry looks at patterns, straight line up, straight line down, cup formation, arch formation and a mix of the two. There's one and three. Why? Because if it goes to peak A or B and then takes out the left side low in this arch formation or lowercase H formation, that can see a very sharp drop after that. And on the upside, a breakout with this Y reverse wipe and says you take out the left side high, you can go quite a bit higher. So with that said, what do we have? We have a whole combination of those. Also, I have a webinar coming up on Wednesday night in which I discussed, which I've been doing here at TFNM forever. But in the last, I would say in the last six weeks or so, especially the last two to three weeks, I've been talking about the strength of the nine period moving average. Of course, with Larry, that's absolutely sacrilegious. He only looks at the Fibonacci numbers. He looks at the extension A to B equals C to D, et cetera. And he gets those expansions. And I'm looking at something where I use moving averages. If I need them, I don't need them sometimes. Or if I do need them, it's important. And what I had said is if that nine period moving average, I'll do this webinar with quite a lot focused on this very thing because we waited and waited and waited. So in this particular chart, that's the gray is the Dow chart closing price. I want to make it as simple as possible. Just three lines. This is the jagged line. Yes, the big gray one is the Dow. The green one is the nine period moving average. It goes green when it passes over the 14 period moving average. It's black and goes pink when it goes down. And there it is, pink. So this says that the Dow is now in a sell mode on the daily. This is a daily chart, sell mode. That's the designation. It means like a bear market is 20%. It doesn't mean to say you couldn't turn it 20%. But it says that's what it did. That's the description. So now let's go back to the story here. And there's the nine period moving average return negative. I use other indicators. One particular indicator gave us an opportunity to go short the Dow right at the top on the August the 1st. The high was 35,679. And now it's down at the 34,742 level. It's not a big deal, 1,000 points or 1,200, 1,300. Hey, that's nothing. It's a blink of an eye when you're looking at this monthly chart. But in the very short term, it says this daily chart has weakened enough that we can now start looking at the weekly chart to say, Hey, is this giving a sign of a sell signal? I mean, look at the way you see this blue line. Just have a look at this. That blue line, the high of the blue line, I'll go right there. It's right there. What's the high of the Dow on a weekly basis? One week later, it makes a fractional new high and then it turns around. Now look at this low right here, right there. See that low, this blue line? You see that blue line exactly on the day, March the 17th turns around. So you can use these different indicators when you need them. Now I don't need it now because we've changed direction. The tide has turned. Okay. With that said, let's get to a couple of the nitty-gritties here. I'm not sure if Larry would have spoken about it. I haven't looked at REIT for a couple of days. Look, REIT. I use a 200-period exponential moving average as the longer-term support and resistance level. Look at this. The 200-period moving average since, I don't like to do as well do it, since back in October of October, this is a daily chart. October the 10th was the last time that it closed above the 200-period moving average. It got close in February, and I'll give you the price of week. This is the week continuous contract was 1,011, right? Rally up to the 820s. What was that exactly? 838. So 838 on the 14th affair didn't even get close. All of a sudden it's getting closer and closer. The closer to guess, the more it's going to try to use that as a magnet. And what does it do? It goes right there at that peak E in the Chapman wave on the 26th of June, and it pulls back and makes a cup formation. So now this cup formation, oh, I never did this. So give me an opportunity to do it now. So this cup formation pulls back and then goes back, and it goes slightly higher than the high of, there's wheat right here. On the 26th, wheat goes to 770 and three quarters. On the 26th, this is a continuous contract. It pulls back to the 614s, screams up to the 777 and a quarter level. Just a tad higher, closes for two days. It closes above the 200-speed moving average, then it comes back. Now what I would normally do, I did this left side, right side, price, time, I do not trade wheat, but I do the notation for all of these. Anything that moves, I'll do a notation because it's just fantastic practice of this particular technique. So what I would do is this, I can't remember now what happened, but I'm just saying, normally I would say, looking at a price-time match, I would use that low and that low to give you right there, okay, to give you this right side, and let's see if it works. So there's the right side we don't know yet, and that says that there's a chance that if you take out the cup low, then this is your target. Now let's see where it goes to, all right, and there it is. It got there a little early, and there's your target. So these are techniques that I'll be talking about, it doesn't matter that it's wheat, it could be anything, that I'll be talking about in my webinar, I'm demonstrating and showing. So dust wheat has gone back to the base in the five, it's called the 600 level, it's trying to rally off that. Monthly chart is this big pyramid formation that goes straight up and then comes straight down, well, it's bumpy up and then straight down, so it's not looking very strong at all, and the weekly chart has a potential for a very large arch formation, but it did take out that left side low, so we've got to watch that monitor really closely and I'll put that in right here, right there. There's the arch formation, just over and over these patterns are like fractals of human nature, they just repeat over and over and over and every time for it. Let's look at soy bean, soy bean is holding quite nicely, it made a peak F, pulled back, made a cup formation, tried to rally today, it's up 9.25, 9.5 for 13.62, this is only a leg B in the weekly chart, so far this is good action and it should try for the 1470s, 1470s, let's do one thing at a time, it should try for the 1430s, over the coming weeks, let's just see if the corn is doing the same thing, what's the corn, corn is making you lows, corn is acting very poorly within the rectangle formation, this is the arch that makes the dreaded H right here in the monthly chart, so corn is pretty weak. All right, that says we've got to be careful if you are along that area. So okay, just to show you some patterns, meet down back at the ranch, what I wanted to show you is within the context of the E-mini, it went negative for a brief moment, but there's a chance that this is just a single leg A to the upside in the down. When I sit to subscribers this morning, I'm anticipating that today's the day there's a rally attempt. If on Friday there was a horrible close, then I would have thought that today would have been a very climactic low that could have been one that lost maybe into next week, but doing what it did, it says that there are going to be rallies, but overall we've got to think about slightly lower lows and lower highs at this particular point as this consolidation still is underway. Now let's go back to, so this is a single leg in the 10-minute E-mini, I had said that the turn-to-peer moving average was a support, now it's going to be resistance, and the further away on the upside we can break from the 4,390 200-period moving average, now that the 9-period moving average is turned green, I mean that's the leg A to the upside. I haven't got it, well the stochastic is at 95-4%, that's really strong, and that says there's a chance, I can't put it in now in a single leg A, but there's a chance that I might put in a bi-signal to bi-mode upgrade, if there is a pullback and we can make leg B, or whatever the leg is, that takes out, so this resistance in that ugly ball from 10-30 with 4,397,75 high, that's one thing, but getting halfway into this candle of 10-20, going into the 4,400, 4402 level, that would be really positive on the deck. So I see temps here to try to find some kind of support. The other thing that we're looking at here that's really quite important is that the SMHs, and I should mention just for the record, that we are short the SMHs, we weren't short two days at the opening, two days after the high, all-time high 161,17 on the 31st of July, we weren't short in the 159 area, taking a little bit off, at the same time we are aggressively short the three times short SOXS, and that we've taken lots of little bits off, and the shorter term we got a couple of trades on in the SOXS, I just can't do that right now, that's 10-56 right now, let me just check my notes here, I think in one day. Yes. Yeah, we're out of that. With a nice game, we also had other very nice gains from this particular position. Core position is under nine, so that's so far that's good. So I do see a rally, I do see that the NVIDIA comes out with earnings on the 23rd, that's the day of the webinar. Woo-hoo, that should be very interesting, and it's having a fabulous event from 480 just a couple of weeks ago, down to 403, and now it's trading at 460, that is a really good move, and I'm going to make a decision at today's close whether or not the semiconductors are telling us that this was the deepest, let me just get there to show you something very interesting, this is the deepest correction that the semis have had in a long time, quickest and steepest, deepest correction since way back when it was making the low in October of last year. You've had some pretty good pullbacks, this one was a little bit steeper than the others, and much quicker. So there could be a decent rally, but my thinking is, I thought I'd drawn it in, but I'll draw it in now. That this is the pattern that says, after the large arch formation, if it tests the left side low, and it's fairly successful or successful, you could have a rally, and that's the rally you have to monitor. So the low was 142.98 back in June, it rallied all the way to that double top, how did these double tops work? Isn't that amazing? 160.79 on the 18th of July, and 161.17 on the 31st of July, almost a perfect double top within 50 cents. I think that's amazing. The all-time high before was in November of 2021 at 159.42. We've made a little mini triple top here within a dollar or two, a dollar and a half of all-time highs. That's amazing. So I'm going to monitor this because if I'm seeing that strength is really returning the semiconductors, there's a chance that the major thrust to the downside has been achieved. And maybe sideways with slightly lower lows as there's a lot of bearishness. And let me show you what I mean by that. I didn't do it in my show, the Tiger Technicians Hour. They're at 10 o'clock this morning, but I'll show it to you now. Or maybe I did. Look at the VIX index. There was a Chapman Wave Roman candle on Friday. That's an inverse of that. It looks like if I can just find one here, there are always candles like that. No, I can't. All right, well, basically what it is, is there's a long wick to the upside, a tiny wick at the bottom and a big red candle. In this case, halfway or three quarters from the high that was made. If we close below it within a day, that sense is actually, in this case, bullishness of bearishness to the VIX. That'll be very impressive. I'll be back. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, and 25 different mining equities with specific buy-sell recommendations. The Gold Report. 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Remember what we want to do in the chapter-way methodology? Try to identify the lowest low bar, count E successively peak. If peak B, it starts to upgrade technically from a bicycle to a buy mode. It should go to at least a D, and then maybe even an E or F. In this case, we went to an E, pulled back in the one-minute chart, green, nine-period moving average, flipped to pink, then went to green, and now we've gone to another D, yet another D. But wait a minute, this is the five-minute chart. There's your low bar in the 4370 area, and it goes pink, and then it changes to green, and now you've got your peak A right across the 200-period. Look how long it's spent in the 200-period moving average. One, two, three, four, five, six, seven bars. It has 35 minutes after spiraling to the upside, and then a rebuilt strength. Pink nine-period moving average. I think I should change the color. The green crossed that, the black crossed that, the 14-period moving, and went to a D. So this is now a leg D in the five-minute chart. But look how strong this stochastic is. At 93% in the MACD is good. And look at this 10-minute chart. This is still only a leg A from the low that was made at 12 o'clock. What exact time was it? Yeah, exactly noon, 4370 to 25. Now, one of the things I did for subscribers this morning, I wanted to do, as in just a short-term trading position, we went along the UDOW, which is a position that we still have a core position from October. And this is a trading position only, keeping the short position. And we got stopped out already at 1.3% or something, or three times longer to get stopped out with that. Such a tiny stop. Well, the fact is that we were stopped out and now it's above our entry point. But the idea was that there was an oversold condition. It should be worked off with a bouncer than a pullback. The pullback was deeper than I anticipated. And now we're seeing new buyers perhaps come in. And the new buyers make it completely different now, because now we can talk about, normally I say after 1.30, if the Dow is up, I do make a call for my subscribers every day. If the Dow is up, whatever it is, expect a positive close. If it is down, expect a negative close, or I'll give some kind of scenario. In this particular scenario, what I said is if the Dow can start to move sharply higher after 2pm, and let me just get the exact where is it, where is it, right here? Nope, it's right. No, there it is. So I had this. This is what I show on subscribers every day. And I drawn this. This is the Dow with just my notations plus the moving averages. This is with the moving averages, my notations plus the MACD and the slow stochastic and on-balance volume. And this is the 120-minute chart. And then I do a little synopsis of what we're looking at here. And after 2pm, there should be, if the Dow is plus 80s, well, of course, it got smacked earlier on. So I might have to modify that. I would just say if the Dow can get to even just a plus 20s at this particular point, that's going to help the general market. I'm anticipating today into tomorrow. And if tomorrow is positive into Wednesday morning and then we get a real test of what's going on. And I think those semiconductors are going to give you a good sign. So now this is because the 9 was so strong and the MACD was strong. The stochastic was over 80%. Now we've got to E. E, I call it a leg, is a floating letter until it makes a lower high. Then it becomes a peak. Leg D in the 5-minute chart. Still only a leg A, a single leg A for all these bars. It looks a little bit like, looks a little bit like, where is it? We're watching a stock for months. Alter, Alter Beauty. Had the same sort of thing. Look at this Alter Beauty. Look at that. There's a monthly chart. Look how it just went spiraling up and hit that 560.60 high. May of this year. And then it plunged down to 430. Now it's trading at 445. But Alph is taking over. Let's see what Alph is doing here. Alph was doing. Look at this exact same thing. Straight line up. Monthly chart. A peak D at 137.48 high on the 2nd of August. 132, round number low. That to me was really important when I see round numbers at a, especially a gap up high. And then it can't break that and sustain the move higher. That's usually it. There's your dreaded age. Remember the pattern we were looking at before that red one that fails at a peak A or a B. And if it takes out sharply, the left side low, we can go a lot lower. That's what it did. And now it's only a G in the weekly chart. I haven't yet got even a cell signal. That's how strong this little baby is. Alph Beauty Inc. I always said the beauty products, the last ones to go when times get tough. Let's just see what's going on. I mean, I'm liking what I see right now. That's why we try to add to our long positions this morning. We had a fairly low price stock that we had once before, just a small position, but it did fantastic. Then it took us out for gains in the shorter term position, but the entry point was stopped out for break even trade. And now we're trying to get back, but it's not what is in the painting as well as it should. It's okay, but not great. But other stocks seem to be doing quite nicely. Now let's do a couple of things here. So let me see. There were a couple of questions that I had left over from my show. And I'll do it. Yeah, could you... Nvidia's coming out with earnings. Can you have a look at Nvidia? So because we are short the semis, this is a big, big part of it. And the weekly chart had a pattern I call the falling X. That's lower highs and much lower lows. The design itself looks like... This is the pattern that we always look at if I can get it right there. So this is the pattern. Simple pattern. You do this as a template. Look, you scream up to a high, usually a D, E or F, and then you start to make lower highs and much lower lows. Then all of a sudden it finds support out of the blue and it starts to rally and it takes out the declining trend line at the top. So it's the upper cone trend line, upper declining cone trend line, a lot of words. And then you can do a one-to-one to the upside in the same amount of time as the first rally. That's what I call a one-to-one trap wave extension, but it has to be a parallel extension. In other words, the angle of ascent or descent, in this case it's ascent, needs to be the same and that same number of bars, but this only happened to be one bar. So this is also just one bar. So I'm just looking at this and I'm saying, you know, if this rallies into earnings on the 23rd after the close, that's as I'm doing my webinar. And that's the reason why I said to subscribers, I hope to do some futures, actual trading, even though it's a webinar for subscribers and I don't have futures in my newsletter, once or twice, but most of the time never. It's the patterns that we're looking at. So we're going to be able to see what happens, you know, to the futures during that time because it's part of what the webinar will be. Some of it's live, some of it's fixed. Notations are already done. Okay. So with that, so there's another pattern that I'll look at. Do you see this falling ax here? There's another one right here. Look, the highs. I don't know how markets do it. How does the price know when it's declining like this to have an exact trend line reserve? Look at this. How does it know to make a little bit lower high, then a little bit lower high, then a little... How does it do that? Well, there are explanations. I call it the tide, the way the tide's coming down. I'll be right back. 1,000, 7,000, 8,000, 7,000, 9,000, 1,000, 7,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, 1,000, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. Educating investors. Biotech is booming, but for how long? Whether you think the Biotech bull has room to run or has run its course, trade LABU or LABD, Directions Daily S&P Biotech three times bull and bear ETFs. Visit DirectionInvestments.com slash Biotech today. An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing. The Perspectus and Summary Perspectus contain this and other information about direction shares. To obtain a Perspectus or Summary Perspectus, please contact Direction Shares at 866-476-7523. The Perspectus or Summary Perspectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principle. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Foreside Fund Services, LLC. This program is brought to you by Vistagold, traded on the NYSE American and TSX under the symbol VGZ. Hi folks, this is Larry Pesaventos, trade what you see our but Larry started off really well with all the descriptions that are needed and then his voice just faded away. So Larry I hope you get your voice back, we all need you here in the meantime back at the ranch, bonds. So the TBT, which is the inverse of the TLT, the Lehman 20th Treasury Bond Fund. This is short. This is at 36.38, 3.638 up one, I mean up one. And where is it going to well in these cup formations, I always my expression is actually let me just do this live while we're here. This is a weekly chart. I've grabbed the left side high. In fact, before I do that, let me just type in what the price is. That is 39.32 on the week of the 28th of October, 39, 22, 10, 28, did I say 28 October, 23, 22. So this ball formation, almost like an inverted head and shoulders, has the potential to stain the rectangle and make a lowercase H, then go to a lowercase M. As long as that left side is holding within two bars, getting back above that left side low, it says there's some kind of strength. And then if you see the tactical start to strengthen, in this case, the nine-period moving average flipped over to the four over the 14 to go positive. Now what we're looking at is the chance that you can have a one to one, this is bar symmetry. This is what I call the plum line symmetry of looking at the number of bars on the left side. Now normally I go to a particular bar and this guy, I'd like to take the low. If we can take the low and it looks, wow, it looks like this is a really good chance that this is going to go with the trajectory, this is the Chapman Wave inside wedge target resistance line. I take it from a particular trough on the left side, green and dash because it's going to the upside. Look how the resistance kept getting hit, it's missed it now. Now we see if this has an equal right side, look at that, click, click, click, let's see where it fits right there. And that takes you to the second week of September, so it has some time, but there's a chance in this particular instance, excuse me, that the stochastic at 89% is really strong. On balance is getting a little overbought, look there it is, on balance is getting a little overbought. That D is spectacular, look at that rise in the nine period differential, away from the 26 period moving average, a slow moving average. Look at the histogram, the vertical lines, look at the way the price is way above the nine period exponential moving average, the 90s way above the 14, so so far this looks very much like yields are going to test the high that was made and that was last year, 39, 22 I think I said, and this point is at 36, 37, 3.637. So it doesn't have to do that, I mean it's bonds, the TBT is not looking at this chart and say, thank you, Basil, that's where I want to go, I did not realize, I'll, that's exact, no, it's just doing what it's doing and we use whatever technical tools we can to try to at least give some kind of a projection on a purely technical basis and this time to say that's what we're looking at. Now normally what I would have done is I would have been a little conservative and I would have said, I want to use this tiny little candle over here as my plum line, this is the plum line I'm using, but actually the plum line I wanted to use and there was a question I had, could you please do the TBT, so that's what I'm doing, is over here and if I did that, let me just do a little sub context here, to that bar, to that vertical line, plum line, it's not the exact load, but it's the plum I'm saying I'm going to use and then make that green and that says, right there, so my conservative way would have said, this week or next week you should see 39.22, no I should have said, sorry, that's more aggressive, my more conservative side says, just stretch it out, take the low bar, don't be a little aggressive, so this is the low bar we actually are using right here, because it'd be funny if it happens this week but anyway that's what we're using and I'll just set these aside, so I'm going to put an X to say, this kind of would be my target, all right, is it going to happen, who the heck knows, but this is the work that I did and it says the key support level now in the TBT is right here, is right here, 9 period moving average of 34.8 and the 34.27 level of the 14 period moving average, that should be the containment area on any sudden pullback, all right, so I wanted to show you something else, some of the techniques, this is not something I discussed this but I never actually talk about it in terms of because I don't have the formula, it was done for me and unfortunately the person who did it for me is no longer with us, you see all these resistance levels is a chapter we've automated resistance and support levels, these are all the resistance and it keeps stalling at this level, if it takes out, if the E-mini takes out 44, if it goes to 44.10, it treats this now as support rather than resistance and the other thing I should have spoken about as I was doing it, I should have said because the 9 period moving average is so strong, I should have an alternate count and say that looks like an F but it could be a brand new B and then that fits perfectly, we've got F, B, C, D and now we've just made an E and now we're going to have a little bit of a digestive phase and this is still, this is from noon, this is almost two hours, two hours and we've got a single leg A up in the 10-minute chart now, because it's a single leg up it doesn't mean to say oh my god it's going to do the same thing in the next leg, no, in fact what it could do is it could pull back because there is still a lot of selling pressure, you can see that the dial is refusing even to get positive, look, we could pull back and then make a nominal B then another one, then a nominal C and then even go to D, you could even fail yet because you haven't gone above the left side high, in this case that P B minus, that's 10-10 this morning, Eastern town 44 0850, so it's a work in progress, stochastic fabulous at 92% that's saying this this should be going higher, Magdi's very good in the in the 10-minute chart, weekly chart, same thing, strong, strong, strong, still a leg D and you've got a little P E in the one-minute chart which says yeah we could have a little bit of stalling maybe test the 44 98 44 96 level if you have to do some testing all right so with that said, so I hope that helped you, so the TBT is extremely strong and is suggesting that the TLT, the mirror image on the down, not exactly because it's already gone very close to the left side low, look here it is, there's the H pattern that goes to an M lowercase, M comes all the way back and here we are, 91 85, the week of the 28th of October and the low so far today is 92.23, 50 cents away, I mean really, can you believe it? So this is the bonds I think are quite a story and that's going to be a kind of handicap and a hindrance for really sustained rallies in the Dow, sorry in the general market at this particular point, I'll be back, Dow's down 77, has to be up 20, Basel Chapman sitting for very, very presidential, he went down. If you're looking for potential trading setups in the stock market then Rocket Equities and Options Report is a newsletter you should try, Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals, sign up for Rocket Equities and Options Report today with a 30-day money back guarantee so you have nothing to risk, for all the details and to start your subscription today visit the front page of TFNN.com, TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market you're going to need a crystal ball, after all it's impossible to predict the future right? 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Okay so on Wednesday my opening call newsletter. I have a subscriber webinar. Wednesday August the 23rd 4 to 5.30. The power of the four 914 moving average and the and other indicators in the January methodology. So how to assess the 914 moving averages, the sustaining power, how to prepare for market turns. I'm looking at using the unbalanced volume. I just discussed that for potential price turns. When and how to use the 200 period exponential moving average. Plus of course I look at the symmetry bar, symmetry left side, right side. Look I've just drawn this in here. There's a chance that if the e-mini which is going to that peak e into a cell signal almost upgraded to a cell mode. If it takes out 43.99 in the next couple of minutes it's going to retest the 43.9725 load that was made at 13.32, 132 the soft noon. Just these are things that I like to do. You've got your doji candle pd but there's no signal yet in the five minute chart. And all right let's get back to the story here. So this is for subscribers. You can become a subscriber. I've got umpteen webinars discussing all these different techniques as well. This will be archived if you can't get there at five four o'clock. You can it's archived. You're able to go over as many times. Of course you can ask as many questions as you want. So with that said if the Dow which is down 92 is able to just get to like a minus 30 or even better by 3 30 this afternoon there could be a nice close going into tomorrow. But if it gives back a big chunk and actually the Dow minus 94 now goes to minus 150 and the S&B is only up eight. It says it's going to be a bit of a struggle. But so far the...