 The following is a presentation of TFNN the Tiger Technician Hour with your host Basil Chapman call now toll-free at 1-877-927-6648 Good morning everyone, Basil Chapman here on the 21st of Thursday, the 21st of December we're looking at the Dow for 198 and 37,278 kind of where we were yesterday in a sense we were looking at the Dow up and I was saying there's kind of a warning I didn't I wasn't that happy with what was going on that we had entered a I didn't say exactly what I said they've been entered a short position actually an aggressive small short position that happened to be three times short the SMHs the SOXS and it was just a clue to me that every single chart that I looked at said you know you're in DEs and Fs there are alternate count GSSCs and I had questions about the alternate count it's a cop out people one or two people said people who know my work for a long time know that it's exactly the opposite what it does is it gives you a sense of what if I'm wrong this is the count and officially this is the technique that I use but if certain things don't happen you have no choice but to say but it could be an alternate count therefore it could go even higher or even lower and that's really imperative because you've got to have those boundaries you've got to have something to say what if I'm wrong that's just the easiest thing to do now so the Dow made a leg F I don't know if it's worth singing that song by the Low instead of the high that I wrote way back in early 2000 but basically it says follow the peaks and the trumps but essentially when you get to peak D it's just like a little warning but suddenly you could go to E and F that's when a bell rings so loud it can make you deaf and for me the bell was and it's still not clear this is just a starting point to say this is what you got to watch that on balance volume turned down exactly at the high well if that's the clue this is the Dow if that's a clue you need follow through but the thing I spent time on last night I'm going to do this right now it's almost like a technical Friday but I'm doing it Thursday because it's so important right now where we close today and then on the weekly chart where we close look this is what I was showing subscribers to opening call here's the Dow most simple technique that you can use ever is nine-period moving average and 14-period moving average some people use other moving averages I use exponential always I've just found it's the best tool that I can use and I'll also use the 9 of the 40 I find it's the best thing for the Chathamway methodology it it helps when the price moves up and down where you've got your support and resistance levels I love the fact that it can walk the nine-period moving average look even now the Dow there's that green line it hasn't even turned down yet even with that sharp move down yesterday and that just says until this nine-period moving average and look how long it take you remember the August first sell signal I had right at the high the exact high based also on that same technique that I was talking about and we had to wait about eight or nine sessions before it turned pink so you have no idea yet and look the price the great price of the Dow when underneath sharpie underneath the 9 and 14 yet it took a while for them to turn down and that's what I think is happening here over a period of maybe takes us into early January I'm not sure yet and there are a couple of scenarios and it really depends on where we close over the next two days to tell me whether or not we've made some kind of at least a dating chart not just a weekly week he's had a spectacular move to the upside let me just change this to a weekly right now so we'll go to the weekly chart there it is that's on the weekly huh so I had written this I thought I had written this on the daily chart I guess not 423 427 23 that's back 427 23 that's over there so this should be over here but you can see that that nine-grade moving average this is a spectacular break to the upside but the price is extended no matter how you look at it yes it's gone over the previous highs but it is extended extended doesn't mean it couldn't go it couldn't get further extended it just means this is where you've got to be somewhat careful you need now you need the evidence you've got you've got the tactical tools but now the technical tools have to show you that they are weakening at this particular point that weekly chart is not if you look at the s&p the weekly chart strong if you look at the qqq a little different in that it is strong but it has gone unlike the s&p it has gone to a new all-time high the high was 405 30 I thought the high was 408 405 30 and we've gone to 406.54 I better just check this wait a minute why did I type that in there's a qqq there's four huh that's interesting why is there a difference there so 408 71 let me just double check 404.58 how on earth could I have got that wrong oh that's December I've got November 408 yeah 408 71 sure I thought I was getting a little nuts there no that was the high right and the high yesterday was 409 410 47 I thought we broke out to the upside look 410.97 10.97 so you can tell from this just look at this visual chart of the of the daily forget the weekly and monthly for the moment it has gone to a new high and that has to be a leg B because we've got to a G before this has to be a B and that's really positive that says in the monthly chart that let's just say all of January you make no new high that becomes a peak B then you let's just imagine that the very next month February it makes a new all-time high that's leg C all of March there's no new high that makes a peak C all of April it makes a leg D all of April it makes no new high and that becomes a peak D that takes you to May you cannot find out until May whether or not no no let me just do that again so a leg B December leg C February yeah that's right it doesn't seem possible and leg C leg D and April wow so that's the monthly chart and the weekly chart says if this is a B let's imagine all of next week we don't make a new high that takes you to the following week for leg C so now we're into January then the second week of January that's a peak C and then leg D starts the third week if I'm correct of January you can't make a peak D in the weekly chart until that means that every single week from now on has a higher high a lower high a higher high a lower high and higher G that doesn't happen too often but it's already happened once where peak A or E A took one week's rest and then two weeks ago it went to a new leg up so isn't that interesting so looking out as I said to my subscribers last night in my webinar that it'll be archived it'll be there you can listen to it wasn't archived I said you've got to listen to today because everything that's happening it does mean that over a period of a couple of weeks things that we are looking for how we want to enter position how we're using all this weekly charts as a benchmark and we're looking at the lag it's trying to catch up we'll talk about that 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 everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 247 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time 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 subscribe to the Fibonacci 247 newsletter today tfnn.com educating investors 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 obrien 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 new subscribers get a 30-day money back guarantee so you have nothing to risk subscribe to tom obrien's gold report newsletter now at tfnn.com market hours the tiger's day available to all tigers and tiger's for just one dollar for the year there's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com toll free at 1-877-927-6648 internationally at 727-873-7618 so we just came across you know am i uh standing ngl look at that move yes so this i'm looking at this and it's an oil company uh ngl energy partners diversified live stream mlp crude ngls and natural gas something and water solutions now look at this goes from the one area one at one back at the beginning of the year maybe it was last december year ago and now it's trading at 5.45 i've seen a bunch of these just start to scream to the outside um and then stall and now the stalling means what does it mean wow good opportunities to get in if you aren't in what is they are stalling because they're about to come down and um it's tough because the 200 period moving average it went right through it it was resistance and then it became a propellant so how do you choose something like this well i'm going to be doing quite a bit of work here because there are a number of stocks that are like this that are really pushed sharply to the upside and there are ways to get in if you're really convinced but you have to be convinced this is a breakout of of significance because look it's almost taking out all the resistance on the left going back to 2020 so um it's just something i just mentioned i thought i mentioned ngl keep it on your list at 5.45 up two cents today i'm doing a little bit of work and i did that during the break now a couple of things um let me do this because i want to follow up on yesterday so i can't remember if i did this i had it already but there was so many things going on that i'm not sure i actually did this i was talking about the semiconductors and because i was talking about the semiconductors i immediately thought to myself oh we had michael from wailand who was in um avagio broadcom and i i think i said it i'm not sure if i said it i had it already and i prepared it but you know i moved very quickly from one thing to the next if i'm being asked questions in the den or in the tiger youtube so um avg avgo i wanted to say and i think i might have said it um it's had a spectacular move this is where you've got to be taking something off and then um i don't remember as i say then coincidentally i'm going through my going through my emails late last night after my webinar and a bunch of things and i thought okay let me just check up on what was said so a question re-radio show hi basal was last night right and was sent at 12 34 p.m uh yesterday at eastern time uh hi basal thank you for taking a look at broadcom for me last week i don't like it when my stocks go parabolic as per your advice i set a stop under the previous day's low for a portion it held for a day or two and i adjusted i sold 20 percent of my position last week i sold another 20 percent today thank you for the advice on money management thank you michael so michael i i i don't know if that's purely coincidental that you wrote him or whether you heard i don't know what happened but whatever it is and it's all part of just money management it is still a fantastic looking broadcom inc semis it's in it took over a vagio and why on earth they didn't change keep the brcm ticker i know i just now it's become part of my vernacular but i used to know avgo is something else and i i i'm just uncomfortable there's certain letters that just flow off the tongue so nicely avgo for some reason i've always had broadcom brcm i love that anyway so avgo holding well look he has the nine period moving average the way over the nine it's actually on the three by three i'm keeping that a little longer i haven't yet found a way of using the three by three that's better than anything that i use but that's a matter i'll keep it until i learn a bit more about it you can see just hit it but it's holding really well and i i'm just going to advise you i if the semis keep going and they're leading leaders don't usually just suddenly fall out of out of favor something has to happen that's the reason why i said take take your gains real quick nice percentage gains in the three times short position we had it was actually much higher earlier later in the day i just didn't want to send out anything saying it just gets complicated for some people see it some people don't anyway so you took took gains now i'm kind of fresh i'm looking at this is as if to say this is what i'm thinking so let's forget avgo for the moment sorry broadcom let's go to the down i want to show you something i wanted this to be a continuation of yesterday's webinar but this is now a public thing not just for subscribers why because it is pertinent to what i look at so i have a whole thing now some of you remember from last night i i had this whole thing about narrow rectangles and large rectangles and i said i'm going to hold this for a second but you need to look at it and study it in your own time because what happens is sometimes the little flagpole that and not the little but the flagpole in this case the little tiny doji candle it gives the dowel 120-minute chart it gives you a very sharp pullback but the testicles are not that bad and what it says is that there could be a rally within this large rectangle that goes it turns out to be like a lopsided cup like like a gravy cup with a sharp move down and then slowly makes a rising high if it if this 120-minute chart of the dowel starts to make high highs and higher lows there could be a move usually i say you can have an a b c even a d to the previous high which was a p d but this move is so quick and so big that i don't think you're going to get much more you might get a v shape pattern so i would not dismiss this what i would do is i'd go to 120 minutes sorry the 10-minute chart right here let's just go and just open this up large so you see that move there this was a peak c1 c2 in the 10-minute chart but it gave fantastic signals in the daily and the daily in the 1-minute chart and the 5-minute chart yesterday for that sharp pullback before the 9-period moving average turn peak and wow what a what a slide so when i'm looking at you and this is a from a long time ago and fun enough it went right to the low of like the 15th of december or something now i'm done with this it means nothing to me i can make other numbers if i want but this is it's serving this purpose the 200-period moving average is so important so i'm suspecting what we've got and i should probably use a 30 minute or something like that is that we've got this large rectangle with a really good chance that we're going to make higher highs and higher lows and work our way towards the previous high we'll only know if that's that's an accurate assumption because of the speed of the turn down yesterday it actually accomplished a huge chunk in the one if it was 650 points i would have said no no rally it's gonna help it it's it's it's gonna rally and then fail and make lower lows this was different not only not only that it took so many people by surprise i mean just total so i might be wrong but that's my impression it took so many that nobody really got a chance to short it so this is what the the big money does it says oh whoa what happened there now they're going to wait for a rally to implement shorts that's the one side of it and the other is the longs are going to say buying opportunity buying opportunity i think it's a mix and therefore i think there's a chance that it's going to fail underneath the previous high and that's when we've got to be really careful so i'm just saying to you there's a chance that if the dowel this is a dowel cash something about trading at uh 2070 to up 250 there's a chance that if it's able to close uh about 37,390 or even touch 37,400 today that's the scenario that's the reason why i'm saying i'm holding back i'm not doing any right now we've just moved but i'll buy as opposed with no shorts now we're waiting i'll be back in a moment currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out teddy keg stats tiger forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar swiss dollar yen as well as many more and he also has 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techniques that go with that each one has a different technique at this particular point i can't really treat it as a a narrow one because it's head rising high look it's got this up channel right here let me just double double it up there we go like that okay so it's broken the base a couple of times but there's a there's a rising channel so this is not the sideways horizontal channel this is a diagonal one so it has a difference so i normally i would put the the midpoint right here but i'm going to put it on this candle right here and if the dowel today is able to close at the 47 sorry this is the s&p if the s&p futures are able to get to 47.92 so far 47.94 how can that be yeah 47.94 uh did i say 47.92 what is this there oh 98 sorry 47.98 if it's able to close above 47.98 preferably just on 5th on the fire 40 48 i'd like it to go into the 4800s preferably 48.20 if it can get there then i think we're looking at the slow grind to the upside and then we've got to assess when you get to the close to the top that's number one number two is um within the context of here we go in the context of what we're looking at here um this rectangle is really the one that i wanted and the nine-point moving average is still over the black 14 in the 120 minute chart that so far says it's positive that particular technique is positive until it goes pink all right so i'm going through the couple of things that we need to look at some people ask me a couple of things that i didn't get to is i mentioned it last night because this is a this is not the position that we have which is long that's got nothing to do with it i'm talking about the technique of the chamois roman candle really unusual to make a high actually this is a multi-year high right here at uh chamois two bar reversal 686 685 686 on the 12th of let me put that in 6.86 12 12 23 this is uvc uranium energy it makes on this day the next day it has a lower high after doji candle at the high it has this big red chamois roman candle and you remember what i said the rule of thumb is especially at highs if you go one of these if you trade not you if the price trades into half weight at the bottom wick uh for about 90 minutes in this case you have to go to a shorter time frame it's a daily chart so i'm going to like a hundred and twenty minute chart under uh six uh six twenty i think i said watch out because it can retest the low well it didn't it went there and then it popped right back and then it turned into let me expand this because it's all educational we're here about education at tf and then look there's a green chamois perfect chamois roman candle same rule of thumb but no this one went under the body and then it went fractionary above look so the high here is uh six seventy five it goes to six seventy uh six seventy five oh a little double top right there same price and it plunges down and it gives you this big marabosa candle a big red candle with no wicks well it has an inside bar the following day almost think of it as a chamois roman candle a funny one because it's didn't the body needs to be half to maybe three quarters this is a little different and then it closes underneath so isn't this interesting i have two days this rule is a two-day rule maximum usually it's the next day with two-day rule other things can happen later on but the rule itself says if it closes above the wick for two out of three sessions that's really positive if it closes with that wick long wick and trades under under the halfway point and goes below it that's really negative but if it goes sideways now you have to use a different analysis and so this is so fascinating because this u shape pattern in the monthly chart says very often you do pull back if you're not breaking out right away you pull back but you make a little like a cup and a little handled not one of my favorite patterns but if that produces an even stronger move to the upside that is extremely positive so regardless of the fact that we are long etc etc i'm just saying this is a pattern that i wanted to discuss today and it's held sideways and i had the one big thing is that i've spoken about this and said my i could be wrong but the uranium stocks seem to be telling me that they're they're in play more than just short term that there's something going on and that they have a little bit more life to them than just this big move up and then they're going to give it all back so yes uranium this is a spot spot uranium miners etf uranium right there it is it didn't make an all-time high but the one that i said i love the best and chart patterns is the one we have that's a uranium uc now look at the ccj ccj yeah kamiko core uranium fuel and that's the one that i said that's the boss that's the out of all the the players besides the etf this is the one that you really have to monitor well it went to this peak e with fading technicals i've been discussing it that it looked like it was getting a little toppy but talk about a little toppy and then talk about what happens after that you get the weekly chart the weekly chart is a red candle but the nine is still way over the 14 so i'm watching this to say every once in a while there's something that just keeps going higher a very low price whatever it is or in this case a middle price of 43 and it doesn't give up it just no matter what happens it does pull back but it's all minor pull backs because holding the 50 period moving average and then goes high i don't know if that's the case i'm just saying i'm fascinated with i want you to show you the the roman candle generally roman candle this is something different i'm saying this is now leg f and i really have to think of it as an f slash c only because look the ninth period moving average is still not even given a anything away in the in the weekly chart of kamiko cork uranium fuel so this is says to me this is still a positive pattern even though the magnet is turned down hasn't crossed negative stochastic still 86 has turned down on balances turned down so it's fascinating that in different sectors buying just keeps coming back and we've seen that's smh's did that all again they were extremely positive even the sharp pullback they've come back pretty quickly so i wanted to go to that i wanted to do that i want to look at a vergeo oh oh shawab remember shawab is the one that gave us that chaplain wave climax volume reversal on the march the 13th at 45 round number high and then the rule of thumb is that if it keeps going higher it can in fact become a pattern that says if it holds 28 days above the low it can go 56 days but it did all of that except the pattern wasn't so great because we tested the 45s we're going to 45 65 i'll be back that was up to 28 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 obrien 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 new subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to tom obrien's gold report newsletter now at tfnn.com 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 season trader or just starting out market insights provides the edge you need to navigate the markets with competence 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 thousands of traders who have already experienced the power of tom obrien's award-winning newsletter market insights firsthand tfnn 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 lab u or lab d directions daily s and p biotech three times bull and bear etfs visit direction investments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus 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 four side fund services LLC this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz uh that one oh the reason why i want to look at schwab i've gone through all that stuff before the round numbers with the round number low and the volume climax the reason why i want to look at this was the candle look this is an inverted chapwave roman candle if schwab i has one more day to go if it's able to hold above 69 91 that's the long wick on this inverted chapwave roman candle if it's able to hold at tomorrow's the last day above 70 70 there's turning it 68 18 right now there should be a real quick move to test the high of yesterday and it could probably even make a new recovery high but that doji candle that f says you've got to be careful right now nothing wrong just that you've got to be careful because it's overboard and it's getting close to filling that gap and that's what i'm looking at so this is a roman candle if within within two sessions if it closes underneath yesterday's low of uh 97.06 and it does it for two out of fee sessions that says it's probably going even low so right now it's just sideways but watch that candle next thing i want to look at is uh where was it the question oh save so pat thank you very much for all that information look forward period uranium looking out two years and some people are saying that it could be a top i'm quite prepared to accept that is it's a top but the price has to tell me because right now the price is saying ah i'm still finding strength after these candles it should be underneath the 560 level and right now it's trading at 644 about a point higher and the weekly chart the day is here and the weekly chart oh that's what i wanted to mention the weekly chart is a chapwave roman candle the whole candle from last week and we had a chance to go for a whole day underneath the 614 level which is the halfway marker and it didn't um there's a that interesting thank goodness i looked at that i saw it then completely forgot chapwave roman candle right there so the rule of thumb gives you two days two weeks so anytime this week or next week if there's a whole day trading under 614 i'd even say three hours three hours doing it there's a real good chance we're going to test the low that was made of 5583 but if it keeps holding like this you could look look what could happen you've got yourself the potential for a rectangle consolidation and it could take a while but as long as that low doesn't get taken out this could be a consolidation maybe for another move up i'm not saying it is even though real long and i'd like it to be i'm looking at this and saying nice nice work after these candles all right but that said um let's just do this always like to look at it amazon now let's go to apple first apple see the sideways consolidation and i i can't unless i'm going to and there's a real chance that i'm going to do some work on this over the next few days call this chapwave unconventional threadbase restart meaning that no matter where it goes on the upside it's coming back over the next uh there's a daily chart so i'd say within the next three to four weeks to take out the low that was made on the fourth of 18745 and it's seven points higher right now this doesn't say three it just says if it rolls over so this could be an alternate count a f e slash a f slash b it made a low a low but because it made an instant restart it keeps it active and this could be a g says c and that becomes a d with a doji candle and then a tiny doji candle like the silent silent doji candle that we talk about i would do the web and on it called the chapwave silent doji where does it happen it happens either one bar before one bar after a high there could be a 30 significant highs made or a low so let's just look at that way meantime the weekly chart says hey what are you talking about this is really nice action that we're looking at uh oops maybe that's what you want to look at so apple's holding very well um at this point it won't be if it starts to change the 192s it says oops it could start its way down sooner amazon same thing here's amazon uh also has this alternate potential alternate count i've called it a b because the tactical so far is still pretty strong and the and the same thing with the weekly chart i might have to make some changes yet because uh we're just following the price and trying to use whatever techniques we can and the nine is still way over the 40 nothing here is negative except the magdi soldier turned down but it's still positive and the stochastic at 85 is good an unbalanced volunteer turned down amazon's holding very well if in by tuesday no christmas is coming monday so by wednesday um by wednesday if there's even a spike about 155 63 and it doesn't even have to hold as long as it makes a spike i have to call that a c and that'll be important uh microsoft remember i drew the pattern i said the lowercase h can go to a lowercase m then you've got to watch really closely because if it takes out the left side low 362.90 made in the fourth of december uh right now it's just digesting gains but those gains will dissipate if it starts to trade underneath that and then you can get a one-to-one to the downside going to the 350 so far it's just having a sideways consolidation since the 29th of november of 389 384 30 um all-time high and stocks and maker all-time highs tend to stand there this for a while what am i missing here oh rig uh yes uh joe rig rig is trading i i don't see anything in rig i did some work i think devin is maybe they're all in this oil service area offshore drilling devin is not i don't think it's offshore has the same pattern um i i looked at this and i thought well you know that it's just not doing what i should and the same thing with crude oil the crude oil it's just kind of stuck here it did hold the 200 period moving average i showed this in my webinar last night how important this was but the more times you hit this particular level the greater chance that has become a magnet and that it will drag your law so this really has to recruit oil has to be trading above the 200 period moving average instead of at 73 65 it needs to start trading in the 78 and it needs to do it very soon uh the gold and let me just do this gold gc same thing sideways action i just don't see anything i it needs a trigger it needs something and that trigger could be middle east but then i think oil will go as well so at this particular point holding very nicely but it gave back too much from that uh inverter chaplain wave roman candle anybody here learning about these roman cam nobody even knew about a roman candle ever until i discussed it about seven or eight years ago maybe more um as a technique no way it must be way more because we used it for this s and p in 2007 the monthly charge did the roman candle i don't i've used it forever um and it's this candle that opens with a tiny little wick then either pulls back or rallies and then closes with the body halfway of the wick or a little bit more a little bit less say three quarters from the bottom or half if it's going down if it's going up same thing half on three quarters from the bottom and then the whole story about what happens next is really important okay so i think i've done those you can hear that i'm a little tired from having looked at thousands of charts over the last week or so um let me just show you this yet so this is the power of the 200-peer moving average i was just talking about it in the kudo look at the power of the 200-peer moving average in this one minute chart look at the power of the 200-peer moving average in 10-minute chart in a five-minute chart nothing yet in the um and the 10-minute chart same thing it's like the sine wave moving up and down and up and down above and below i'll be back tfnn has just launched their new trading room the tiger zen hosted at discord 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 tigers for just one dollar 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 brian 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 tigers as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the tigers den at discord is 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very interesting i'm starting to get uh emails advertising three thousand four hundred dollars thousand three thousand four thousand dollars off automobiles i've not seen that for a very long time um yeah look at the 200 period moving average and forward it's gone six days hitting the 200 period moving average just stuck there after that gap up look at the weekly chart stuck on this 200 period moving average and the monthly made an h to m pattern that's what we're looking at in microsoft very short term not there's a monthly with a that's a daily chart looks like microsoft h maybe to an m how i test the left side low it's going to be very important look at gm uh general motives gm trading above the 200 period moving average a little bit a slightly better chart on the daily but because of the monthly it took out that left side load so we're going to be talking about this tomorrow talk about the um automobile companies check out my opening call daily newsletter my video the webinar from last night should be up today it's it's timely in a sense that it's looking at things and what we're doing what we're preparing right now we're starting to prepare for what's coming up and