 Hey, let's go what's going on? Sorry a little bit wait Yeah, but I'm here. That's all right. We got out here one second one second Tim We got ma'am's to Tim or as we do every Tuesday and Thursday folks and you can get hold of Tim every trading day at odd hyphen Oracle comm that's odd hyphen oracle calm and you know what Tim? You know, it's a funny about that. I was listening to you Tommy and Jacob And I always say odd dash oracle and I heard Jacob saying hyphen. I saw that's what it's supposed to be hyphen Well Appreciate the call out. Absolutely kidding me Yeah, where were you? Where were you Tuesday? I just couldn't make it. Yeah. All right. I just couldn't make it. Okay, whatever. Yeah, so But actually I sent you over some charts. We can take a look at him. I got him. That's the way this one's out with number one Yeah, actually flip the chart four and five, which is on the SMP. No problem four and five here We gotta get four right here. Yeah, yeah four Because I think this is kind of an important area. I did get long last Thursday. Yep, and the top window is the 10-day average of the trend. Yes, and the chart goes back. It was like about a year or so and I just shaded the areas in pink when that 10-day trend got above 1.2 and Over the last week or so, you know, we're in that shit. Well, we only hit 1.19, you know This is not a perfect science. It's not like math one plus one is two Yeah, but one point I had a couple of different days there or 10-day periods Where that ratio did hit 1.19 and I shaded that in pink and we're in that vicinity right now and Usually you're supposed to see panic Panics happen when the trends above 1.2 or near 1.2 and higher and usually when you get to a support area That's where the panic should occur at if actually that area is going to be support. Yes So So we got down to I said in previous on your show I thought the market had playing pretty good support around that 120 area and that area is going to be support That's when the the 10-day trend should get up around 1.2 or higher and sure enough It is not saying the you know came a goal a little bit lower maybe But yeah, we're in the vicinity right now that It's a good place for the bottom to form because there's a trend line across there It's pretty much the previous highs basically the highs of late or Looks like about August in 2022 That just stayed there for a second. Yeah. Well in Tim Do you also remember, you know when you were first saying where you thought the spy was going you thought it was going to 420 then it looked like it was gonna hold at that for you know 30 32 Yeah, but it hit the 420 just stay right there folks Tim and I come right back Welcome back folks Tim. We're talking about I do appreciate a growl on a problem with us We have the Dow Industries right now Up eight nasa that gets down to S&Ps off to okay Tim. So we're looking at this S&P the trend right now Right the S&P trend and actually yeah, we were talking on the show There's around that 430 435 on the S&P's and I listed Just on a daily chart all the ticks and trend readings on those days in that in that range it was like 430 to 445 or something. I remember exactly what the number was but the 10-day trend never got up to one near 1.2 And so and finally it did and it and as we broke through Below that 430 area. That's when the panic really started to occur and that's when you know Basically a 10-day trend, you know, that's two weeks of pretty much selling because that's you know two weeks is 10 days No, I'm with it and what I meant a bit of leaving on the sell button Yeah, no, there's no doubt and what I meant, you know, because you remember at the beginning of this down draft You were looking for 420 and then in the market was stalling, you know, and it is like okay, man I mean we've all done the same thing. It's like oh my god I can't believe you you get the right number the right time I mean, you know what I'm saying as I go. Okay. Here we go But because it is intriguing that number is intriguing because you know it comes back to the breakout area too, right? I mean, that's that's where it went. Yeah. Yeah, but we're just basically testing a trend line So yeah, I'm thinking this is pretty good, but now let's look at another chart. So There's more okay more indicators here chart number five, okay The actually The bottom window is what they call it is egg is wag. Marty's wag. Oh died. Yes. He was a brilliant I don't know a trader or whatever. Yes I don't know how much you made me me a lot of money in the market and he came up with this breath His wag breath thrust indicator and I kind of put it on it It's it's a anyhow, I simplified it a little bit it's pretty close to exactly what his rules are but What it is in general is the NYSE advancing issues divided by NYSE total issues and you take a 10-day Yeah, 10-day I think it's a 10-day. I can't quite read it. It's a 10-day average that ratio when it falls below Uh 40 point four oh yes point four and rallies at point six That's what you call a His wag breath thrust. Okay, and that's what that's coming off of a low So you really plunge down. Yeah, and it is but and within then within 10 days It has to get above point six, right? So it has to happen in 10-day period Has to go below point four to point six and ten days And the blue lines show the times or blue arrow show the times that has happened. So we're Um, we're point four right now But over the last couple of days a couple of days ago. I think it got down to point three six So we did hit below point four oh What I'm hoping for on this next rally Within 10 days of hitting below point four. We hit above point six Yes, if we do that, that'll be a uh as a wagon breath thrust Now those type of things that come at uh major market bottoms Sometimes you get two or three sometimes you just get one At that last low, you know from may of of 2022 may of 2020 Or 20, you know 2000 May of 2022 to may of 2023 that happened twice and I got it noted there So that's the reason why it's kind of bullish in me that term that break thrust Happened twice in that region. So I'm hoping it happens now. It depends on this next rally and with tim Go ahead, you know with tim saying here folks. Okay. This is so cool You know, he does a lot with ratios and as he's explaining this You know tim you can see we both know when you come off bottoms as as tim is just talking about Off big bottoms, you just people can't believe that you can come off them with such strength And when that happens, you normally do see Two or three monster moves. So this is really cool, man. I'm I'm I like these ratios. You're doing tim I mean, it's they're really cool, man. I mean Because it I think it smooths things out. Do you know what I mean? It takes they take longer to basically come off That would make sense, right? But the bottom line is that that's that's what you want. I mean, right? That's that's how it comes down, man Yeah, yeah, you know, especially, you know, kind of hangs down there and And chops around gets everybody really nervous. Yeah, exactly another chart. I got another send my chart Just kind of show where the public is. I didn't send that to you But okay, maybe we'll cover it next week, but anyhow, this is what I'm kind of looking for depends on this next rally Will we get a breath? A swag breath threat. That's hard to say from a video You're doing a good job if we get one then I'm thinking we're looking for Even though we may consolidate again, you know, to me that would be we're going to bust through those old highs we had back in uh, what late 2021 or early 2022 I can't quite see where it is But I think we'll bust through those highs and possibly hit higher But also one another thing. So we got the bottom window Again is the The ratio of advancing issues divided by total issues take a 10 day average of it gets below minus 40 And also when the rsi, which is the second window down from the top Yeah gets below 30 when that combination happens and those Marked with the red lines there. You're usually looking at some at least on a short term basis At least a short term balance So we're setting out a low just because the markets too extended to the downside And plus you know in chart four we got a lot of panic on that decline. Yeah, so we got quite a bit of information that probably You know, we'll go up tomorrow. Don't know, uh, but we're we're in the region of some sort of worthwhile low here And uh, and the jobs the jobs number, you know comes out tomorrow at 8 30 in the morning So, you know the unemployment number came out today and that was light man I mean, you know people getting on you know, well it was heavy actually Um, you know, but that jobs number is going to be important because the ad t number eight ap Yeah, anyway, whatever number that was uh come out yesterday That was also soft But you never can really depend on that for the actual jobs number because if this jobs number comes in soft This market's going to go because that'll be saying that the fed is basically done You know, and then we'll see okay where the industry structure goes. You know what I'm saying? So That's going to be intriguing. Yeah Well, I'm thinking so I could be already baked into the cake here Um, you know because we've got a quite a few ingredients of a bottom. You got panic Uh, you got this, you know breath His white breath starting, you know, but selling out to the top kind of go lower, maybe But usually it's where it's soft special in the rsi's, you know hit below 30 So I'm thinking You know that that numbers, you know smart money probably already knows what that is So I'm thinking but you know if that could really produce a decent rally though And that is like, um breath stress hit 60 You know, I'm bullish until year end because I think you'll have some minor consolidations But in general, I think this market will work right higher all the way into december And that's what's so cool about it hitting 60 so I can see what you're talking about for sure I mean because then then and what happens technically on that folks is that the first rally coming off the lows The people at a shot won't cover it. Then you get another rally Yeah, it's like then a lot of people cover then you get the next rally that everyone has to cover. Yeah, so Yeah, tim and I are going to be coming right back folks. You stay right there We have the dial industrials down five nasdaq's up five s and p's are up four will come right back Welcome back folks. Uh tim always told me we do appreciate you growling and prowling with us And don't forget folks. Uh, tim's got a great newsletter. You can reach tim at odd hyphen oracle.com That's odd hyphen oracle.com. We have the dial right now down two nasdaq's off three s and p's off four And uh, it looks like everyone's waiting for this job is number tomorrow morning. So Okay, so we would like to go tim All right, let's go to one. Okay one. Yep. I got you. All right so we have this chart goes back to, uh 2012 okay, and it's a bottom window indicator, which is a gdx Uh up down volume A percent with a 50 day average And and the circled red stuff there is when that indicator got below minus 20 Yes, and if you go and if you go up to the the top window, which is gdx When that thing hit that bottom indicator hit minus 20 the market actually went Most times went fly sideways if not down a little bit Last time this happened was in, um, august of 2022 Went down probably looks like about three four months before the rally actually started And the minus 20 hit back on, um, I think it was June june 13th of 2003 this thing hit minus 20 So now that's higher than where the price is now But if you look at the previous time it happened the market kind of skidded down for another few months Before the rally actually began. So when this indicator hits below minus 20 I usually say the decline's over either flips sideways to modestly down. That's exactly what's happening. So, um So now Okay, let's flip to uh, so anyhow add June 13th. He had four months you come up with october We've gone sideways for about almost four months. Yeah, we have no I can see that Yeah, I put the charge to okay Um, this is kind of a blown up chart the blue areas are when this indicator is above, uh Uh, I think it was minus or zero, but this is above zero And when it's just non-color when the indicator is below zero. Okay, but anyhow, if you look at The last time this happened it it was uh, july or august of 2022 you flip sideways for six months Then of uh last year that june 13th time frame the market went aside four months And we got a signal here Uh, june 13 uh june 13 23. So we're basically gone sideways for four months And the indicator has dropped down below a low level Similar to what happened in 2022. That's if you go back to the bottom of the chart that in here I just circled in red. Yes something similar Um, so I'm thinking we're doing okay. I mean the market's supposed to be doing Previously was down in the past. So I flipped a chart tree. Okay Now Now there's a little bit different indicator still the gdx up down volume, but it's an 18 day average And the next one above it is the 18 day average of advanced decline indicators And what I want to point out here is the positive diversions what happened You can take these positive versions all the way back to 2012 the same thing happens every time The s or the gdx makes lower lows and both those indicators make higher lows And I pointed those out with red arrows. Yes, so Uh, they really get this rally going You need to close above Minus 10 on both those indicators and stay above minus 10 last two rallies It didn't it didn't hold came back down one more time But this when you know the previous On page one of this indicator, you know the market flipped sideways for you know four or five Sometimes six months. So we're in a four month timeframe right now So we're due for this indicators both these indicators to get above minus 10 and actually stay above minus 10 Uh, I put my newsletter Last week that I did by auctions last thursday Okay, a little bit higher than where we are right now But the odds still say i'm probably price wise a pretty good price wise About out december's december. Okay, so So I got plenty of time I think even though this market wiggle is a little bit lower over the next week or two Time-wise we're pretty good. We're pretty close for These two indicators to get above zero minus 10 rather and stay above minus 10 So we'll have to wait and see if i'm right or not. We'll be talking about if i'm wrong or right I guess we you know, we need tim we need some kind of like a drink that gives us all patience Yeah, that's right. Actually when I was younger, I didn't have patience for all this crap, you know Oh, listen, man, I remember saying to you on the air in like 96, man Like yes, you're coming off saying this i'm saying what because my time frame then was like tens of seconds and Like you're saying a month and a half. This is a month and a half man. What are you talking about? I mean, I I have patience now. I have big patience now I mean, you know, it's just you'll learn it over the course of years But I remember that so well, man, like a month and a half. I mean, it's like what yeah But that's when the big money's made. That's what the big money's made I'm a little bit early on these trades and and sometimes You know, I never probably will be cured of that because right But yeah, but sometimes I've nailed the lows here within a day or two. Mostly that's been luck But a lot of times I got as long as I got the bigger trend Right, that's right. I'll be okay. That's right. And particularly because what happens folks these gold stocks gets so low And I know plenty of your own gold stocks I'm handy because you can get a double in about a heartbeat you can get a double like in 10 days You know when you know, I'm not talking about stock that's 50 But these stocks that you know five or 10 bucks They go in about 10 to 12 days and then they'll they'll go even further But that's how fast they come off the bottom because the the market's so small. This gold market is so small, man I mean, it's tiny It you know in correlation to the amount of shares that are outstanding the market caps all the above, you know, so Right And you know over the last couple years, you know, we've been you know, we've been going up and down But it's just been garbage moves. That's right. You know, that's right. And at some point They're going to leave everybody behind there. You know, I was going to go everybody's going to sell And the market was going to keep going. Yeah, we had 20 that's going to happen again Yeah happened in 2000 happened in 2000 Well, 2010 it was it was basically a top one straight down But that was a trending market and so we're due for another trending market Yeah at some point, you know, right and because garbage moves over time have led to impulse ways You know, you you've got to figure out which which way that impulse way is going to go. Yes. So Um, I'm thinking this one's kind of lining up to the upside. Well, at last, I don't know, you know, but We're due for a big breakout, you know, it No, I got hanging at all time highs here and The the equity market or the gold gdx market, you know, this is just kind of been garbage It's just been setting low and not doing very well and and you get short term bounces that laugh You know, maybe a month or two at most and it comes right back down again So, I don't know we'll have to wait and see remember the good old days You know You gotta, you know, you bought these 25 sip, you know gold stock that went to teens and 20. I know man. Yeah so Yeah, that was between, you know, that a garbage stock it turned into a garbage stock but court of lane I remember I bought that at 30 cents. I think I sold us 20 bucks Uh 15 bucks and then of course, I had bg o and we had bg o right, right, and uh I sold it and uh the teen now I could 10 or 11 or something like that. Yeah, which is the same I don't know Well, listen tim, it's always a pleasure, man. You have a great weekend a safe weekend We look forward to speaking to you on tuesday All right, thanks man. Stay right there folks come right back