 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Hazel Chapman. Call now, toll-free at 1-877-927-6648. Good morning everyone, Hazel Chapman here on this Thursday, the 6th of July. We're looking at the Dow down 406,000 to 33,081. We're warning subscribers for at least a week now that I think that we're coming into some kind of selling pressure and that on a very short-term basis, the daily charts are probably going to make this dreaded age pattern. But those 9-period moving averages and all the indices are still strongly above the 14, is going to take another big session down to at least get this 9-period in the daily. The green line is way above the 40, but when they both change trajectory where there isn't a divergence, but they both sharply down, there's a really good chance that at some point, see where it saved the day right here, very ugly candle, and then all of a sudden the 9-period moving average stays above the 14, and I said be careful because that should turn into an M-shaped pattern. That M-shaped pattern will be a test because if the vertical lines show a discrepancy, look at this, the Dow at 34,588 and the 16th of June, nice strong leg D. What's the objective of the Chapman wave to get to at least a Pd in a buy mode? We can go higher, but at least to get to a D. And what do we have? We have the mag D strong moving average converges, diverges. We have the 9-way over the 14-period moving average. We have the stochastic way up in the 86, almost 90-percent area. We've got the double top in the on-balance volume, and then what happens when you retest? I think it was just a fractional mist. Let me just go through that again. I should have typed it in. I forgot to. I typed it in the daily chart. Let me see what I've got you in the daily chart. And I sent to subscribers every day. Okay, so that's a good example of what we're looking at. Let me see what the short-term trading index is. It's way up in the 270 area. That suggests that there should be e-mini strength coming in, even if it's from lower down. So be prepared that at any point you can get sudden bursts of upside energy. But the trend, the tide, I believe, at least in the short-term, is trending down. So let's just go back to what we were talking about here. So we've got the high that was made on the 30th of June at 34,467.39. And the next day it's 465.66. So yes, it started at peak B right there, great peak B. Remember, I said the technicals are not strong enough to call this a buy mode. That should go to a D. But what we are looking at is that we're looking at a sharp move down. And I always say there are two fighting patterns, cups and arches. The cup pattern, look what happened. The MACD was good, but not anywhere as good as it was on the 16th of June. The stochastic was way weaker. The on-balance volume was way down here. It was only the ninth-grade moving average that was really positive. So what I said to subscribers, I don't want to short these key indices. What is the very best industry that I can look at at this particular moment is the weakness in the SMHs. So we are short, three-times short position in the SOXS. And the reason being, look at this, look how strong, and I showed this on the other day, on the 16th, I believe it was, the semiconductor ETF goes to 155.94. Oh, I remember I had this typed, and then I had to shut down because I had a problem, and I'll make that read. And then it went to a rebound. And look at this, look how weak on the 3rd of July, 154.07. Not very much lower, but look how weak, 154.07. Look how weak the MacDear already, it tried to deflect higher. It couldn't even get close to being positive. And look at the stochastic, way down here at the 52% area, but that ninth-grade moving average is still positive. So what it's telling me are three things. Number one is, I'd say that it'll take time, it's a whole process before it can actually flip to negative, if it's going to, and we still don't know if it's going to flip negative. At any point you can get something that happens, I don't think it's going to happen, but you could get something that says, hey, watch out, I'm having another running to the upside and the thing that says to me, just keep it as a possibility, even though it's just, at this point it's very, it would be unusual to do that, is Apple. I've spent, I don't know how much time, I've spent trying to count the tab wave notation in Apple, and each time I keep coming out to a C, everything about this looks like it should be an alternate count, a G stash C, that this is, for Apple, some kind of at least a short-term dating chart. Not the weekly, the weekly is still looking great, but that dating has all the characteristics. So I don't know whether I've miscounted, I've gone through it a couple of times. I know I've got a chance of an alternate count, but I don't like to make it a convolution. It either is or it isn't. But when you're looking at thousands and thousands of charts to have a rare peak C failure in going to all-time highs or recovery highs, that is so rare, but it can happen. So I'm just saying, everything about Apple at this particular point is holding beautifully. The Mac Dione now has started to turn down a little bit. Stochastics at 83, still positive. On balance volume turned down, but still pretty good. 90 is way above the 40. So yes, Apple could give you one quick spike to the upside above the 194s to maybe make that league D. But I'm not resting everything on just an Apple. I'm saying that because of the way the semiconductors have been acting, look at this, NVIDIA has the same pattern. You made a peak F at 439.90. I mean, I put that at 439.90. I think that was also the same day, 439.90. And if you look at the vertical test, look at this, how strong it was right there. It actually wasn't as strong as it was just earlier than that, but it was pretty darn strong. And then when it retested just even yesterday, going to the 431.77 high, look how weak the MACD is. Look how weak the stochastic is. Look how weak the on-battles volume is. But that nine-period moving average is still holding well, and that's why it's taking time. But I had said, and I was wrong, that I suspected in the end of June to the first week of July, we would start to see a test going towards the gap down. That gap down from the gap high was, this is the gap up. I'm sorry, it's called the low of the bar, 366.35. Well, that is clearly wrong. It's showing tremendous strength. And I remember, I like to pair it because I get questions about this all the time. In fact, I wonder if I've got one right now. Let's see. Turn the hype machine up. It's all about interest rates. Yeah, yeah, yeah, Paul, I'm the hype-hyper. For sure. What a joke. All right, so there we go. There's strength at the 439.90 area, and there's weakness here. And that just says, there should be some kind of a fallback. But the chart itself, this is a high-level consolidation. It's like the Apple chart at this particular moment. The price itself is holding fantastically. I like to pair it since Paul is there with GE. The GE had an alternate count. There was GSAS C. And now there becomes a D at this point. Tigers and Tigresses get ready for our annual 4th of July Tiger Dollar sale. From now until July 7th, you can receive a 20, 30, or even a 40% bonus when you purchase Tiger Dollars. Tiger Dollars are automatically applied to your account and can be used for all subscriptions and purchases. Don't wait, this sale ends July 7th. Visit TFNN.com today to purchase Tiger Dollars and receive a 20, 30, or even a 40% bonus. As an added bonus, every order comes with a special TFNN mug. Happy 4th Tigers, 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? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. 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Look, it doesn't matter to you if you have a stock that you buy at 150 and it goes, in this case, to 400, or if you've got a stock that goes from 60 and it goes to 110 or 107. When one is with a PE that's out of sight, it's changed a little bit because of the projections, but I don't believe the projections. That's the Nvidia. And the other is a GE that's just been hammered for decades and decades and decades, and now it's finally got things right. There's a different mentality. This is a value stock in a different way completely. You can even call Nvidia, in a sense, a value stock because it's part of the entire economy, just as GE is part of the cyclical and heavy-duty equipment-type economy. So Nvidia is the spark. It's the engine. Without the chips, you haven't got anything. So I don't look at it that way. I don't look at it as if it's a selling point, besides which the only selling point is that I like GE a lot as something that for subscribers I would have liked to have owned. We spoke about it two days before the split when it was GE healthcare. I just didn't do it. I didn't feel like it. It was the complication of having one position that gets smiffed and you've got to figure it all out. That was dumb. I mean, it was such an easy thing to do and it's just gone straight up since GEHC, the GE healthcare, has pulled back very sharply. Very sharply. But it has spectacular move from the 50 area to the high 80s, and now it's dropped to the 76 and it's trading at 80 right now. It's still holding very well, but I think it's not quite ready for an entry point. Anyway, so I just wanted to say, don't get excited about it. One has an evaluation of if the price is moving up, your only objective is to make money in the stock market. Isn't that the point? I mean, what else is the point? Is to use it to be able to make money, build a portfolio, build up a kidney. That's what I try to do for subscribers. We take little bits of profit all the time because we try to build a nice kidney even if it's not saying to subscribers, okay, this is great. Now it's triple because those triples, in fact, would have for us could have been unbelievable to the upside when you got over 100 and 150 points, 150% gains. But wow, if you make a mistake, that's just terrible. So it's, you know, steady and smooth is the way to be. So in the way, when I'm looking at it right now, I'm just looking at the charts and I'm saying, okay, so those are working. Then a couple of questions came in. Let me just get to them right now because I want to do, no, I first have to do the TLT. You see the TLTS, I spoke about in the chapter, we've got a lowercase H that goes to a lowercase M and the whole thing about it is the 98th level is going to be imperative to hold. So far, we've slid today to 99, 84 in the daily chart. You've got a left side, right side arch formation to that long-legged doji candle right there. We went to the exact day with inside wedge target support line being tested. If you look at the exact opposite of the TNX and I need to talk about this because this is part, I don't disagree. The interest rates are absolutely imperative to monitor here. So as far as selling anything, no, we just doing an analysis as best we can. That's objective here is to try to do that. I do not have to hype that at all. We've got our own positions. We've done very nicely with our positions. So no, that's not the case. So what did I do there? I was going to type in what I was going to type in. Oh, question came in. So the first question was the KRE. So I was looking at the TLT. This is all part of the KRE. This is the financials. This is the regional ETF. If the interest rates are going to go much higher, my suspicion is that the regionals will be hurt perhaps even more than the big money center banks because they've got a lot of other things going as well. So let's just look at this, the KRE, which we were long and I said, no, we're going to take up money and profit and we were out of this because I don't like the action at all that was after that PD, S&P Regional Banking ETF. It had 78.81 January high 2022. Takes a little tumble down to the 34s. Has a nice left side right. Look at this beautiful symmetry of the left side to the 33.48 low about August of 2020. And now what have we done? We've come back to the 34 level, just a fraction above that and trying to establish a low. But look at the nine period moving average pink underneath the 14 and the weekly chart. This H pattern is going to be imperative to monitor because if there's a close under the week of the second of June low of 38.45, wow. Then that 34.52 low of the fifth of May, 34.54, I believe I said 34.54. That becomes your next target. So what I would prefer to see, it's not listening to me, I'm just saying what I would prefer to see because look, he has this pattern called the dreaded age. I better show this because we always have new viewers. This is the chart pattern I want to look at here. Oh, why did that move out? Oh, no, did I lose that? No way. What happened? Let me just check. Oh, I know there it is. Phew, it was being hidden. I was going to say that would be, I've got it, but it would be a shame because I want to talk about it right now. There's a pattern that I call the dreaded age. There are three patterns I'm looking at all time. Straight line up. There's a straight line up. A pullback, straight line down. There's a straight line down. And cup formation and arch formation. So straight line, arch formation, one and three. If it takes out off your peak A or B and it takes out the left side low, watch out, it can go a lot lower. Well, here it is. That can't be an A because the ball that makes the high cannot be A except for it cannot have a letter to it unless it's an instant restart. So that's your A right there and that A fails, kaboom. And it creates this pattern that I'm talking about, the lowercase h. See, here it is, right here. Off the peak. I'll make it a bit bigger so you can see it. It fails, right? There's your one h. And then there's another h forming right now at leg B. Remember A or B on the upside when you fail and you take out the left side low, you have to be really careful. Jambalaya, what I'm going to say to you is this, if you're looking for a buy and I usually make these gray because there's not a buy mode at all or even a buy signal, if I would be holding off, I'd much prefer to start buying on strength and weakness in anything to do with the financials because look, even the XLF, whoops, typing in over here, even the XLF, which is the S&P financial ETF, XLF, had a much better choice and much better chart had the two-inch period moving average as resistance at a peak F and the other thing that I must do right now is I sometimes put in a down arrow before the nine-period moving average has actually turned negative. I couldn't tell you how many times I've had to go back and change it to the next peak and this is the one that could turn into the down arrow. Why? Because the nine-period moving average is still strong in the XLF, but look at the KRE. Whoops, look at the KRE. As we go to the break, I should promise my engineer, I won't go through the break, we're going to wrap it up right now before we come back. That was on 4.43. Look how negative the nine-period moving average is in the KRE in the daily chart. I'd wait, I think 38 is the area that I'd start looking at to see what happens next. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is 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. 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TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN, Educating Investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. I will get back to the C-mini in a moment. I just want to finish some of the questions that came in that I needed to do. So if we're looking at for KRE, the 3939 left side low of mid-June, that's going to be key. If there is a decisive close, I don't mean just a close of 3910 or 39. If there's a close of like 3875, be careful because you could very quickly go one-to-one to the downside. That'll take you to, I'm just doing it by eye, that will take you to a test of 38, very quickly, 3790. And then the weekly chart, which already looks very weak, look, the mag-D rallied and the price didn't do all that much, 34, so it's a good percentage gain, but it hasn't held. That's the most important thing. Look, the 9-period moving average differential in the mag-D did rally and this started to pull back. Sycastic's running and not too bad at 45%, but it's still overall in number. 45% is very weak, 48%. Sorry, non-balanced volume is weak and that monthly chart says, wow, it just can't hold gains and that's not good. Okay, that's enough with the KRE. Next question was gold. So this is going to be interesting for me because for subscribers, I've been saying in 2023 there's going to be an opportunity for a decent rally in the gold area. It might turn out to be silver a little bit more on a percentage basis than gold. That's what I'm thinking. But at the same time, I was very cautious. We didn't do anything going along for a while now in the gold area because at night, look at this peak F top in the weekly chart. This is the continuous contract. Look at the way the nine-period moving average is turned negative. Look at this mag-D big spread. Look, the histogram, that's the distance between these two lines is getting bigger and bigger. The Sycastic at 18% says it's probably Fs has to go to the single digits before there's at least in the weekly chart a decent strong, not a rally attempt, but a rally that's sustainable to 15% and then 22% and then 30%. I'm kind of cautious right here. We haven't broken down on the left side. This is a pattern that could become quite positive. This arch formation, if the technicals hold very well and so forth, they start to weaken. All I can see is that I haven't got any signals there and what's upsetting to me is that the GDX is acting a lot worse and I really like over the years, I've always preferred to see the market vectors gold minus ETF rally and have gold kind of follow the gold lead and the vectors just says, we're not ready for prime time and that's kind of what we're looking at. Look at the steep decline here today. 90 cents down, 3% down the GDX. So all I can say is that I haven't got a signal yet and if I do get a signal, it's probably going to have to be this potpourri, this monopoly or you've got to look at a whole smorgasbord of many things. Look, you have to look at the Euro. I can't just do this in isolation. The Euro is, you are USD. I thought I did that correctly. I did. So there it is. The Euro daily chart has made this peak C and has pulled back. It looks like it should be in D. I was going to give this an alternate count and I think I will write now. You see this because it travels in these decimal points, one, two, three, four, five, that drives me nuts. That's why I could never trade this because I'd have to look for each peak and I'd go to, hey, come on. There we go. So is it going to tell me? Well, you see these two candles right here, I think I can get it. Oh, something's happening. Click. Hello, anybody there clicking? Right. See that? Normally I would consider that to be a peak B. Oh, no, don't. Oh, great. Oh, there it is. Waiting for server data. Great. I've moved into a place I've never seen it before. There we go. Okay. There it is. So you've got now, forgive me when I go through these numbers here. It is 1.07397 and then one. Am I going to remember that? And then moving to the right, just a fraction. Oh, 1.7870. 1.7870. I guess it's exactly the same. Yeah. So that gives me a legitimate reason. Normally I should have done this before. This is what I call chapter wave phantom peak. In other words, in my methodology over the years, I've tried to be as strict as possible with all the different variances. And if it doesn't fit, you can't make it up. Because what's the point of having a, having a movable template? Templates are template. And therefore this has gone D and within a day or so, we'll get this maybe pink and the nine period moving average to go under the 14. But I think on price alone this time, I'm legitimately going to go with a down arrow. So on a daily basis, not a weekly, but a daily basis, the daily chart of the euro is negative in a cell mode. The USDJPY. So the question of gold, all of us to me is the way I look at gold, is holding really well. It's made a peak even. Look at this high level consolidation. Look at the weekly chart and it says the dollar, Japanese yen. Looks like it wants to go a little higher. Doesn't tell you how high other techniques do that. And if you look at the dollar, which really has been kind of pathetic, it's come back a little bit just down six ticks and one or three points. We've been long since 2018. Still remain long. Have taken a little bit off. Now what's really important about this, it's saying to me that gold is not ready. That's all. So the question was, what would I be looking at? I'd be looking at this whole portfolio of things. And I'm just saying to you, I don't see gold as being ready yet. Maybe some of the stocks. Let's see. Let's just grab. Look at some of the stocks are attempting to form some kind of a bit of a base here. But I can just tell you this, that I don't get it just yet. I don't see it. Maybe the left says ASA, gold and precious. That's the good GOLD, which is the gold used to be ABX. Yeah. It's attempting to form some kind of a base. It's a process. It's an ongoing process. So looking at very short-term trades, maybe in the next couple of days, we'll see a little bit another balance in gold. But I just don't yet have the sense that I'm getting a really strong signal in gold. And if you put that together with the BTC, which is Bitcoin, because Bitcoin is holding up to the higher end of the range. Now I'm talking about the monthly chart going to 70,000 and plummeting down to the teens. And now it's at 30,000. But this is a high-level consolidation. So I'm trying to put it together with the financials, how the dollar works with the Bitcoin, how Bitcoin's working as maybe an alternative to gold. It's had a decent ready as gold's pulled back. So the potpourri that I'm looking at says, hold off. I should have done that right in the beginning. I said just hold off for now. You could have quick trades. I just don't see the bigger one yet. Next question I had was VIX index. So here's the VIX index. This is fascinating. On a day like this, when the dollar is down 400 and, wow, 80, yeah, 482. And the SMB is down 58. And the semiconductor ETS, SMH is down. And I said, this is to me a clue as to what's happening. They go together. Yeah, SMH is down over 3. And 1.47. I think we've got to take this at least initially as a daily sell that could have impacted weekly. But we have to go one step at a time. VIX is up 17, 18%. It's 16.72. Up 254. I'll be right 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, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. 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Languages, you know, it's amazing. Every time I see you in there you're thanking someone in a different language or speaking to them. That's fantastic. So, by a donkey, cuny claw, thank you very much. That's very nice of you. Thank you. Let's see. I am seeing a long-term Tesla will be seeking 162-ish. Okay, let's see. So, oh, first of all, this move and the VIX index, the power of the move, yesterday tutelining along in the 14s and today up 17, 18% having hit 1672. Right now it's 1671. That's just saying the speed with which we've got the fear factor involved says to me, based on those weekly charts, that this could be over very quickly. The reason why I'm waiting, the only short we have, as I say, is this SOXS because the estimators look very weak and they're still very weak. And that's going to be a clue for me because if they start to trade, I'd say under 148-70 would be kind of negative. Well, today 147-71 right now it is a possible dreaded H. There's that peak B that could close underneath that left-side low of 146-83. Now the day is young, anything can happen, but the Maki and Stochastic are suggesting that that nine-period moving average could, even if it's just for one day, could dip negative. And when it does that, that's where all, everything has to be analyzed because the wider the distance between the nine EMA below the 14-period moving average you can see from the way up, the wider it is on the upside, the stronger the move. And that's what I always say. The final thing in my Sears and Roebuck huge toolbox with all these technical tools is this nine-14-period moving average. That's the one that can keep you in the trade much longer than you would normally anticipate. So this is for the estimators. In this particular instance, we're looking at the chance of moving down a little bit more and then we have to reassess or assess, now I'd say reassess, okay? So that's what I'm looking at. So Tesla is almost in the same category. Look, that gap up to the peak F27699 round about the 16th or so, pulls back underneath the 14-period moving average, but that nine is so strong even now. Look, the histogram on the MACD has turned negative. It's at 0.04, in other words, this MACD has just barely turned negative. Sycastic is still good at 79, just under 80%, but that nine-period moving average is holding it beautifully. So in terms of Tesla itself, what did you say, 162-ish? I would say rather than look at 162, which is over 100 points lower, what a 50, 42% greater decline, I would just say, hey, if it has to still fill the gap, that makes this whole area of 240, 240.70, imperative to hold. It's not even close. It's 36 points away from that right now. So I don't look at it this way. If you want to do a long-term analysis, that's fine, but don't even fear with the shorter term. And that's the reason why I'm saying, I'm not ignoring that Apple and Tesla are still showing good strength, holding very well in the highs, and even though it's a peak C and it looks to me like it should be a G in Apple, consider that this is $1.30 down .67 when the indices are over 1.20 and 1.30 to the downside, holding very nicely. Okay, so I did want to say, but Tesla at this particular point, I would just say Tesla is a little bit vulnerable to sounding pressure. But wait a minute, look at Ford. Ford's first big pullback, big red candle at an F slash B, down 35 at 15 right now. Look at General Motors. So the automobile companies have held extremely well under these conditions in the shorter term. So you've got to look at things very separately. And my impression here is it's kind of this interest rate factor and the financials, that's kind of putting a lot of weight. But look at this, this would be JetBlue. Is it actually having a pullback today? JetBlue, look at that. PE, sharp pullback. But look at that big move. So think of this as a rotational correction going on right now. Think of it as some of the areas like, I'll use this as just an example. We are in a long position in ENVX, which is a Novix corporation, the Silicon Anode, Lithium, Iron, Battery, Development, Product, Data, Solutions all that blah blah blah. So we're in from down, I think just about 16 under 16. And here it is, spirals up at 16.38. And then it goes to 19.53 on in one move. And I said, we're just holding off. We've got a price that we want to get into this for the next position Well, it's down 8% to down loan. But look at this. Look at this spectacular move. Look at the other one we've got which is SYM. Spoken about this very often. Symbiotic. We're in the 21s and hit 53.83. Here's your dreaded H. So this is what I'm saying that the SOC that was spectacular on having this rotational correction, we want to add to some of these things. Symbiotic, end-to-end, AI, robotic, rare ass automation systems. You know, it's in the area that seems to be the good area not today and not the last week or so. So be very careful. Look at the IYT. I mentioned it yesterday how nicely the IYT did. So today it's getting a bit of a pullback. Just get that going there. There it is. Look, peak E and now we're getting the pullback. But look at that fabulous move from the 2.10 area up into the 2.50s. Now it's a 2.46. So that's all I'm saying. You can see it's a big impact on the numbers and some of the things. Look at applied materials. Applied materials. Made a G-Stash C that to me looks like a G-Tub looks like an arching over but that weekly chart is still strong. Look at advanced micro devices. Had a spectacular move from the April and April's in the 70s and it almost doubles. Goes to the 1.30 area. Peak F pulls back. I've done the measured move here and I said, look at this rally going to the high of the round about the 12. Look at that. The MACD is flattening out. Sycastic is much weaker and the on-balance volume made this M-shaped pattern which says you can pull back. Well, it's pulling back. But the weekly chart is still relatively good. So keep in mind this is we took a tiny loss just by a fraction because stopped out and then it went on to do exactly what I'd done. I'd drawn this in left side, right side, price, time matched to it, not to the low. Well, in this particular instance it was the low of the 1st of June. This is trained tech PLC and this is a heating ventilation air conditioning. Perfect time for that. And it did it exactly. And then it made the dojo and now it's just pulling back a little bit. Look at the potential double top 196.22 from the week of the 10th of March with the most recent high 192.72ish. Hey, some of these things are just having a very mild consolidation of you like that. 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I had a spectacular move going from $1.6 to about 12 five days ago and now it's consolidating. So what I want you to mention here is so the question is where would you buy it? I don't think I would buy it right now. I would like to see how it holds the $8.68 to $8.20 area. If we can hold steady there that might be ready for this is the kind of thing in this particular phase right now with these stocks the sexy stocks with a name like Electric Vehicle etc. That's where you want to get those really quick pops and then you just have to get out of it or take something off and raise your stock and then keep doing it over and over. I'm not sure these are ready for prime time in other words buy if you manage to get into the fives yes then you could buy and hold but at this particular point these all of them are pretty heavy downside moves and they really do the Eiffel Tower straight up and straight down pattern. So just be careful. So as we're about to wrap up you're going to be on Steve Rose great programming here for the rest of the day of course. I'm just going to say it's still a little early to be thinking of where would we do buying. I think we need at least another couple of days that don't have to be as severe as today wherever it closes and also when with the trend because if you go counter trend it kind of gets costly if you're wrong so and also take profits quickly on the