 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 on this Friday the 4th of August we're looking at the Dow had a big move up to the to earlier on it started off a little negative and then zoop went all the way to 35,414 now it's up 54 at 35,269 the selling price I believe the tide has turned on the short term not the medium the weekly chart that's the one in the middle not the month three just the short term we are now seeing lower highs and low lows that's could be totally wrong but that's the way I'm looking at it and now I can I actually had this in yesterday but then I had a shut down suddenly so I lost it I just wanted to put there be shorter right at the top on August the first and I don't know if it's going to be right and just all I did is my technical indicators with the on-balance volume look right there that exact moment the ictus right there this little blue line made a turn right at that level the stochastic was fantastic but it was starting to slow down so you look at very closely at the MACD you'll see that the MACD was starting to dip while the rare the slow moving average was moving up but it was narrowing but my contention is that unless we see the gray line in the Dow this is my chart I mean showing for three weeks or more for more until we see that gray line which is the price of the Dow go sharply lower to drag the green nine period exponential moving average below the 14 so it goes from green to pink and we've already got the left side internal high right side internal internal high and residual high and then the left side internal high right side internal residual high and yes slightly higher high internal high and then a residual high was a little high just like an earthquake sometimes the aftershock can be a lot more than the earthquake itself now what we're looking at is does this start to move low I'll just do it quickly here to show you the S&P at this point it's given back some of the gains it's still acting quite well it's at 4503 up 1.93 but look at this the nine is so close to turning down look at the QQQ the nine is so close to turning down the Q's are down 28 cents at 3.73 look at the IWM it's not close yet it's like the Dow it's holding very well the prices down it's at up at down 75 cents at 1.9380 look at the SMH's the semiconductors price is sharply lower the nine is taking all this time and it's still even though the estimations are down 98 cents from 153.7 at 153.18 it hasn't turned down and it made an all-time high just the other day so we're watching this really closely look at the HGX indexes the HGX this is the housing the prices pull back and yet that nine is starting to turn down the black 14p moving average was flat now it's just a little bit less than flat is tipping down a little it hasn't turned down this is a process it's a process that I've learned by studying and working and trading the E-minis over and over and over and over and over again look at this unless you have a powerful turnaround look at the green nine-period moving area so this is the pattern that I call the Eiffel Tower happens very often in the futures when you get some kind of a news event and then by 10 o'clock it's reversed so this went from the 45 12-13 area whoosh up to the top at 45 50.75 and now it's given back a lot but it hasn't completely collapsed it's holding now this is going to be absolutely imperative to watch does the market find whatever the news was to have that sharp reversal is there still enough intraday residual strength well at 10 20 in 10 minutes time starts the next it could actually start now because it's just been contracted a little bit saws this next session of a lot of fund managers saying all right we've had the fund for the first 40 minutes 45 minutes now let's see exactly what's going to happen well that's where we are right now so we've seen in the one minute E-mini chart look how long it took let me just do this right here so the it made a cup formation with the peak G so there's your internal high yes your residual high and then that reserve your high was at 948 it took until 1 2 3 4 5 sessions only on the 6 sessions in a turn pink and now on the way up to see if it turns green it's already 1 2 3 4 so that's the way you I've learned to use the aperture the distance between the green and the pink moving average or the green and the black that's in the black and the green or the black and the pink moving averages to say are we looking at a more serious decline the wider it is the deeper it falls now he has another thing look at this you see that blue line I put that blue line in this is a horizontal line much earlier I wonder if it's still there let me see yeah that's right from much earlier this goes all the way back this is a line at 45 30 actually I can't find it it goes back weeks where I say there's a midpoint in a long rectangle formation this midline 45 30 we're going to see it visited umpteen times over the next few weeks because that's what these horizontal lines can do so low and behold we're in above it below it then all the way up to the 45 50 level whoosh down to the 40 45 19 and now at 45 28 it's getting real close to that 45 30 level so I like to look at all these things as little icons like you're driving along there's a stop sign there's a yield sign there's a there's a bicycle pathway there's a bus pathway there's someone waving you along there's an interway here in Boston when they do all the roads I've been all the all the places around the country you've got this you can never plan to go anywhere in a certain at a certain time that usually do it in ten minutes because there's there's a there's a truck doing something in the road they busy repairing the road I love repairs of the road I just don't like being in them so that's you know this is what we're looking at you know you love to be short but you don't like to see it go against you you like to be long you don't like to see it go against you so within that context let me get back to our story and I said I do a whole bunch of things so I just I'd spent I did Tommy juniors show just now the market kickoff he does a fantastic show he does all the fundamentals that I never spoke about at all he does them beautifully I'm sorry I just didn't do this at my area of expertise now is up 69 and 35 thousand 288 still holding beautifully it's above the 40 period moving average between the pink nine and the and the black 14 period moving average gonna be watching this very closely so a couple of questions came in earlier on and I'm going to do them right now wait have I finished everything I went oh I didn't do high grade copper high grade copper is my great copper is pulling back at a nice peak peak D in the chapter wave methodology from peak D up you're gonna be real careful well peak D had a big pullback dollar just pulled back from a peak D or he's pulling back from a leg D today got to watch this EUSD JPY having a bit of a balance that's the Europe he sorry this is the yen P D pulling back I'll be back in a moment thousand seventy seven that's a piece of five thousand 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 dot 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 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 for daily market overviews that give you direction on the key 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of TFNN dot com toll-free at 1-877-927-6648 internationally at 727-873-7618 Hi folks just uh I had I see in the dead I'm sorry Giby Gibald I didn't realize that it was um that it was just an intraday trade so you had AA OI which is applied up to I can't even say I'll just totronic I think it is um yeah you got out perfectly it made a PG it's in the rectangle formation it's actually holding very well but you got a chunk of that and that's really good and then I don't know what you were doing with Tupperware this is on the one minute chart I'm doing that since you're doing an intraday trade oh it had a big spike up peak A and that's gone B and that's made the arch formation within the rectangle you've got to be careful of this pattern go sideways cannot break out above it and takes out the low so that's that arch formation is filling some of the gap oh you're already out of that okay um so good let me do a couple of things here I did some with the in Tommy's show earlier on so what I wanted to say is this let me just go back here yes two three yes you two three yeah so now there's a bit of a balance going on in the even there's still residual strength and that's the fact if you can identify in the context of right here in the context of a pattern if you can identify where its own particular strengths and weaknesses are that's that's really important so when I go back here and I'm looking at the uh let's just go back to the Dow looking at the Dow I'm saying that this particular index the 9 over the 14 if it doesn't immediately take a dive it's a process if your other indicators are suggesting that there's some kind of a top you've got to use this as some kind of a you know it's I was with Tom O'Brien on the water out in Newport and I was watching you and he was he was steering but he was also watching the tide he was watching the wind he was watching there were all these different and the current of course you've got to look at all these different things and here we are it's exactly the same thing yeah my my eye says that there's some kind of top information forming and all these other things are saying all right be careful of this there's a buoy over there you got to move to the left you move to the right and until I get to a certain point I can't be sure that I'm clear I the traffic is still busy right here so that's what we're looking at and the reason why I want you to at least anticipate some kind of top forming was because if you look at this now look amazon this is a spectacular move it made up a top on a purely technical basis a peak aftop way back around about the 16th or so of july it's pulled back finished sharply from the 136s down to the 126s and then all of a sudden and it makes the dreaded H pattern what's the dreaded H pattern if I can just find it is behind you there it is the dreaded H is when you go like this you come down sharply and then you arch over at a peak a or b and then you take out the left side look it did it once there's your dreaded H took it out amazon did it again right there about the 18th pops up for one leg a fails takes it out goes to another a doesn't take out the left side of the 125s it holds it and then today comes out an earnings report and it's it's just out it's gone past all that resistance in the weekly chart that's a very different thing yes leg d all the technicals are positive unbalanced ones very overboard as it is in the daily but look what's on the left side you've got a high right I didn't do this I thought I did that you've got a high on the left side the week of the 19th of august at 146 57 let me just tap that in while we're talking 146.57 and now what have you got you've got you take your left side high this would be the obvious peak right here to say hey can I do a left side right side price time match from that well it's it looks like it would have been wait let's just say we're over here it looks like that would be conservative this would be more aggressive to the exact low right here the beginning of January of 2023 so let's see what happens here so you go click you just double the double it up yeah you copy it change color because it's green on the right move it to the right and see what happens and it says two weeks ago it should have got to 145 57 then you take your left side trough of importance you do a chaplain wave in inside wedge target target resistance line and this misses all of the all that stuff here so when you're over here you say you know that's a little it looks to me like it needs to touch some of the line so this is where it changes from a mathematical formula to an experience format where you've done it so many times and that just says probably it needs to go from this little tiny candle right here to the right side and that gives you a better sense some of it is active while you before you're even getting to that level and other other is on the way you got to make changes off road isn't your objective to use every tool possible to help you you can't say oh that's cheating I already see the price is moving up no nonsense you say where can it go to well you're using all the techniques you can and that says by next week that's the week of the 18th two weeks time it could get to 145 57 that's if everything works out fine here with the green dashed inside wedge target repellent line so we'll see what happens all right but at the same time you're saying where's the support well the support is now the high that was made at peak f on the 14th of july of 136 65 well five five points lower that let me put there 136.65 so that's how I like to do is um and you remember we had I can't remember now it was it George from Boston who called right here he said I where should I buy amazon I think I'm starting position 84 and I said what your risk is you got very little risk this is a great time to enter it and I didn't do it for subscribers it was dumb because you know amazon's a fantastic company it's not going away and look where it went from 85 and now said 141.54 fabulous entry congratulations okay with that said what we're looking at here is buying does keep coming coming in and I think I'm not ignoring that I think that's really important the other aspect that I'm looking at here that is also quite important as far as I'm concerned is that I've got my notes here I want to look at that one look at that one yes so um square oh I don't know why they call us square uh square used to be uh now it's called block I don't know why they change it from square to block that just doesn't make sense block understand block technology had a little bit of a disappointment today it went to a peak G stash C five sessions ago in the 80s and yeah it is at 64 it's down 12 it's down nine nine dollars at 64 17 down 12 percent well um this is a stock that was trading at a 289.23 back in August of 2021 let's say this is August 2023 I'd say in two years it's had a bit of a ride 51 it went down to the 51 area and it's really struggled in this rectangle formation so yeah be careful so I can't remember if the question was what should I oh I think where would you buy it wait you've got to wait wait wait I'd like to see how it tests the 62 to 60 area. 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 it 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 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 TFNN has just launched their new trading room the 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TFNN.com then hit watch Tiger TV yeah I agree more dimensions in a block than a square there you are I got used to a square and now it's blocked okay we're looking at the apple sharp move down there's the dreaded H pattern that we talked about and I was warning about this yesterday that this is the pattern we've got to look for it already gone under the left side low yesterday but I said we don't know if it's going to hold or whether it's going to break down because you could have a one-to-one to the downside we've just got that with apple down at 185 down six and it's a peak E with a doji candle three weeks ago and big red candle yes your channel line you don't even need it because you got your 14 period moving out but look the line is still way above the 14 it's going to take time for apple to go negative we'll see if it does that over a period of two three weeks now a couple of things I want to look at here is advanced micro devices I was asked about AMD this just looks it just looks sideways to me now it might be from the chart pattern that I'm looking at from the high that was made back in June up in the 133 34 area it looks to me like advanced micro devices semiconductors is missing out on whatever is going on right now it's just not in the ballpark it's been out of the ballpark because it plummeted from that air action say plummeted I know it's a pretty sharp drop it dropped to the 106 area and it's now at 150 I just think it's digesting these gains it's taking its time it did go for one day pink the nine-period moving average today it bounced it's up to 278 and 115.90 where would you uh where would you buy if you wanted to build a longer term position if you're building a longer term position the only thing I could say is your first step would be to nibble right here at 116.03 I think that if it takes out 105 it's going to go quite a bit lower but the fact that it's been five weeks in a sideways congestion move says don't overestimate the downside and don't underestimate the upside it means it's in the range and until it breaks that range you don't have to really do anything so that's my recommendation nibble here at 100 but when I say nibble I mean just get your foot in the door so that every day you're seeing the action how it's acting how it's acting like the SMHs are now only a quarter point but they're really sort of struggling as an overall sector index I should mention that we are short the SMHs but we got a fairly tight stop and most importantly what we're looking at here is the advanced micro devices look at NVIDIA NVIDIA has consolidated but that consolidation up there is a way prettier looking one than advanced micro devices it's almost at all-time highs even as you speak for 49 all-time high was around about 480 you know that's not too bad look at maybe Intel yeah Intel is also consolidating but it's in the upper range so in terms of Intel advanced micro devices just chart-wise in the shorter to intermediate term I say Intel actually looks a little bit better as a chart so I'm just saying I'd be a little careful and I only do a little nibble and maybe we'll just have to reassess it let's say the next seven points up or seven points down is going to be quite important for advanced micro devices MU I haven't updated this for a little while yeah that's that's acting quite nicely actually ABC just made a pd right there now it's digesting the gains yeah so what I'm just saying is if that was the question and next question was the dollar do I think this is just a balance it's going to in the weekly chart yeah I'm treating this as a balance even though in the long term we're so long from 2018 along the dollar watch it you have huge gains we're taking a little bit so far the upside but I am holding it for a different position a different reason all together so the dollar index I call it an icon like a Harley Davidson icon internationally the dollar is where most countries go to if they're looking for a currency of repute so that's I'm looking at it very differently and the American economy is the same sort of thing so that's it so a couple of questions came in another one so in the meantime if the dollar takes out on a closing basis 100 it's at a 101.96 you say oh 100 it's nothing for the dollar it takes a while to actually move it doesn't move that sharply it looks like it's sharp in price wise it's nothing if it closes under 100 in the next week and off then I think that's a problem and then you're going to see the euro and I think you'll see gold move up I just think the dollar at this particular point is a currency of relief for many for many big big investors in countries so that's the dollar the next question was where's a good entry point for Boeing Boeing went to a peak E it's pulling back it broke out of this huge cup and handle formation usually cup and handle means it comes right back so 419 is trading at 232 right now up a dollar and three cents you know what a good entry for Boeing I'm going to do something a little different I'm going to say I believe that Boeing in the whole cyclical area is starting to see if you look at jets I have to look at jets because that's the US airline index basically to look at jets what do you get you're at a peak E you're pulling back you're at a peak D in the weekly you're pulling back you're at a leg B in the monthly I think that there's a chance that there's a bit of a slowdown especially when you're looking at crude oil holding quite nicely like this maybe they hedged I don't know but I'm just going to say Boeing is a supplier to these airlines right it also has other areas of interest government work etc but I'm going to suggest now a person asked me I know you don't use options I would have said I'd be looking out at September or maybe even October and I'd buy a monthly October call it closes around about 20th of October and I'd buy not quite in the money just a little out the money maybe it's at 232 right now I'd say I'd buy 235 because I know exactly what I can lose but the high that was made just the other day of 244 something that would be at least a shorter term target but you're looking where to get in and I know that you like longer term positions so you see this gap underneath 221 77 on the 26 and the low the day before the high was 214.82 from that low to the the high the previous day so I think it'll fill some of that over the next three weeks that's the way I'm looking at it right now even more importantly what I've been looking at is okay so 221 oh this is this is a tough one because it's acting so well right now even with this little pullback and the weekly chart I like it um I might have to do the same as I just said to the question on um on whatever it was we were looking at before oh it was micro devices that because I'm looking out and I think it looks very positive going out towards September October I'm going to suggest that you take a starter just a real this is not a nibble this is like a starter position here 232 be prepared that 10 points down which is five percent or about four percent is a possibility now I need just a little bit of time I'm going to take this moment in the break because I actually it's a question that came to me a couple of times over the last couple of weeks and I really haven't dealt with it but I'm going to do that whole time I'll be right back 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 new subscribers get a 30-day money back guarantee so you have nothing to risk subscribe to Tom O'Brien's gold report newsletter now at TFNN.com 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 season 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 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 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 866-4767-523 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 principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ so I'm just writing down a bunch of things that we need to look at you so let me just go to the so the question about going so the way I'm looking at going right now this very steep move up and a sharp move down but only halfway into just from the gap up of the candle it's just saying to me it's acting extremely well um I know that you the questioner is a long term wants to be a buy and holder but he's prepared to be flexible so I'm going to do this I would like you to hold off another two days let's go into Tuesday because even if it bounces a little bit it's a 233 the high today's 233.7 even if it bounces towards the 235 level I'm pretty sure from the transformation that it'll come back a little bit and the nine is over the 14 but in this case it's still accelerating to the upside so I'm going to say give it another couple of days if you want just to set your foot in the door then in this particular case a little bit more than a nibble in other words you actually start a little bit of a position here at 233 and the reason I say that because Boeing has shown so much strength with this building of this base here with a beautiful bowl formation that even if it pulls back you've got your support it's going to have to be really bad news just tank it so if you are prepared to put in a 10 point stop you could start your position here I personally would wait a little bit longer but I know that in your case you don't usually wait once you get it you've done your analysis you hop in I think that's not a bad idea so in your case maybe you can start at 232 right now under 233 I personally would wait for the 227 areas five points it's not a big deal when you're talking about a 233 stock and your target is at least as high that was made back in 2021 of the 260-270 area so in that particular instance I'd say okay you can start your positions right now but just this is a start-up a real a small start-up position it's not a nibble and it's not a real start-up position it's a small start-up position all right I hope that answers your question as the next question came in let me write it down yeah so look I spoke about this in greater detail before but I'll just cover it one more time look the TNX made a leg D sharp pullback from that from that leg D is this going to be just was this just a horrible scare and all of a sudden now you've got your big pullback in the yields that's what we're going to be watching and I'll go back to the HDX index which is holding quite nicely look it's not a bad move up 7.16 and 570.72 taking its time but the the rollover says to me there's a chance that there should be a digestive phase in in these homeboulders how it unfolds is going to be important so that was the TNX sharp move down it is in leg D so we haven't got a peak D you have to make a lower high than 42.06 to make a peak D but by Wednesday of next Wednesday to Thursday if we take out 42.15 in other words we get into the 42s and we're actually trading there that says watch out that 43.33 highs it becomes the target but in the shorter term if there's a pullback from 40.90 right now under 40.28 that's the 9 period moving average wow that's a very sharp pullback and that says ah now it's going to take a little bit of work for the yields to get back up there so yes I think this is the moment to be looking at are we about to see the scare from the sharp drop the speed of the sharp drop immediately rated because it kind of goes sideways and that's the question I can't answer that question I can just say that's something we're looking at next question was um I did that I did that I did that oh Dunkin Donuts oh Dunkin Donuts DK I always think Dunkin Donuts but it's not as DK and G this is the Draft King sports betting at a big spike up good good results today leg F in the weekly leg C in the monthly and and I'm calling it a G for now and then I'll make any changes after this but very good action up to 22 at 32.22 it once hit 74 38 it once hit 9.77 in March of 22 this is a fabulous three fold more than three fold rally I just think now it's going to have a bit of a digestive phase excellent I love this we haven't I kept wanting to get in never got in and it just kept looking it barely has a consolidation walks the 9 period moving average which in the weekly is at 28 80 and here it is at 32 30 so I like I like it very much I just think it's it's gonna it's due for a bit of a breather that's all another question oh EEM EEM oh I did this and then that's exactly what I did yesterday then I lost all the data um and I don't know how many over the years how many times do you think I've notated EEM is there in my files somewhere I just don't know where E not E A weekly is A B C underneath it you got to count each peak because this is your starting point right here so no matter what you can't eat successively higher peak so this becomes an A that becomes a B that becomes a C that becomes a D and that becomes an E so underneath the previous high of C you've already got a peak E so you got to be a little careful here gosh I had this notated I'll do this technical Friday so I'll do this from the very beginning I always go to the left side to what is very much obviously the lowest low bar peak A peak B peak C D E double top up down arrow up arrow here right here this is easy to do because um I'm doing it in historically there's a very successful H pattern right there dreaded H holes and then it breaks it holds and then it breaks but it closes above but it does it as the MACD expands and the stochastic expands on balance one gives you a bi-signal so that was a good starting point and it goes peak A B C if I remember correctly and does it go to the D A B C and there's your D pulls back so it's another bi-mark this is the emerging market ETF right here yes I think it's digesting gains did that make a D yep there's your A how many Ds do we have A B C D unbelievable all right that went to an E went to a D and then two bars A went to an E that one went to a D and this one went to a D it's digesting gains the 200 period moving out to 32.82 is where it could come back to if it if it if it closes any day under 30 no what did I say 30 I mean 40 this um 50 period moving under 40.20 it's at 40.74 right now if it closes under 40 it's probably going to test the 39.82 and then get stuck there as it has done many times before um I can't put it down arrow in because it's closing well it's closed twice now under the black 14 period moving average but it hasn't turned negative yet so it could still do that all right so that's the E M there's the daily chart I finished the weekly chart a little bit there there okay core question came in here we've got we have rich in Oregon Rich how are you fine Basil thanks for taking my call on this absolutely you'd like to look at CVI I wanted to know what your Chapman wave was indicating to you okay I'll be back in a moment we're on with rich in Oregon we're looking at CVI CVI CVI energy and we're right back down here's a piece of 90 TFNN has just launched their new trading room the Tiger's Den 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 Tigris's for just one dollar for the year there's no cash or added costs when you join our community of traders in the Tigers 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 Tigris's 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the price on Monday I'll have a look at it on Monday it has made a peak e-top in the daily chart it's holding very nicely for three bars but the target I have is the left side high and I should do that with the next couple of weeks which is at 41.26 the week of the 18th of November so with that said let me do a little work on it I don't think you need to do anything right now unless just because you asked me the question I would say take a little bit off as part of money management instead of spectacular mood it is ready for a little bit of a breather but so far this is good so I'm just going to say let me do I'll come back to it on Monday but I want don't you do anything just yet okay Basil okay I appreciate it congratulations this is a this is really a buy and hold it probably gives a nice dividend so I you know I don't want to mess with something that you've been in so long let me do a little bit more work on it okay okay I'll tune in on Monday great I'm expecting to I'll make a big note of it and you just remind me just in case I forget but I'll be doing work on it so folks as we're out to wrap up yes it does have to be a little bit with this is not very bearish action at all as I say I think it's a process that's going on and if you're looking at the Dow right now that nine-year moving average look it's gone above it so this is this is taking its time to unfold there is bad news it's ignored some of the bad news we'll see what happens if after 1.30 it is only up 80 points it says maybe Monday pulls back