 Man is to Basel Chapman as we do each and every Tuesday and don't forget folks Basel has an outstanding newsletter Every trading day and of course he does a program every trading day outstanding program It's very easy to get Basel's newsletter the way you get Basel's newsletter You come over to our website at TFNN you're gonna hit newsletters You're gonna see it right on the left-hand side. You just hit that subscribe button You can get Basel's newsletter for one month for a hundred and forty nine dollars You get it for six months or six ninety five which is the savings of a hundred and ninety nine dollars or twenty-two percent And you get it for one year for eleven ninety five, which is a savings of five hundred ninety three dollars or thirty three percent Now they all come with a thirty-day money back guarantee He has eleven to twelve great archives are there folks So you understand exactly how he looks at the market how you ride that wave It comes with a thirty-day money back guarantee come over here check it out if it works for you awesome It doesn't for some reason 28th day just cancel it to get your money back And you're gonna have a great education in between that anyway Basel Chapman. What's going on? Hi, Tom. Well interestingly enough. We're still up in the 60 degree area here in Boston. It's amazing But that's fantastic. I like that. All right. That's a beautiful thing and I can picture why because When it's 60 up there folks and it's November 1st It's too hot here and right now it's eighty nine degrees out Well, thank you very much. We want to get rid of that weather You just pushed it up to us. Thank you. Yeah. Yeah, doing that up looking at the Dow Oh, this is very interesting I thought what I do I just give a brief summation of what I do for subscribers to open school Yeah, and Basically, we're always looking for the lowest low bar. It doesn't matter whether it's a one-minute chart or a Weekly or a daily or a monthly and that's where we start the wave count and the wave count basically you're looking at each higher high Peak and I alphabetize them sequentially a through G It's at the fourth highest peak peak a Pb second the third one is C and the fourth one is D That's the anticipation when we've gotten a buy signal that's upgraded to a buy mode that in the Chapman wave It should take you to at least the fourth highest peak and then you use other techniques It could be as simple as just continuing the wave count. That's where D other things can happen So let me show you and I'll show you something else just to go with that So I look at straight line up straight line down Cup formation Artformation and a mixture of the two one and one and three in this case is red because if you take out that left side low Especially if you've only made one peak like a peak a or B and then fail and take it out That's very negative if you hold that's very good And on the right if you take out the left side high it can go higher. So what do we have and just move that away in the Dow? We're along the Dow and it made I can't I can't tell you how many times in my show I even today there are so many charts that I have looked at that at the top. We were making tops all year We were within sometimes even if it's a monthly chart going back a year or more We would often get back to that previous high within a dollar sometimes it's within pennies I don't know how that works, but that's just the cup formation. That's the way it works in the in the arch formation Look at this the Dow went to twenty eight thousand seven fifteen Back late September that it rallied up quite sharply to thirty thousand four hundred came down and hit twenty eight six sixty That's within fifty points of that left side low But at the same time what I was really impressed with Is that the MACD was improving the stochastic made a higher low the unbalanced Unbalanced volume has been pretty negative just until going into two days ago. That was good But the nine period moving average went over the 14. So that's very favorable So we are long and we added about I think was Friday a week ago We added the three-time long position to the Dow today We took a little bit off at a thirty percent profit on that position, but it's still look there's your so what did I say? We're always looking for at least four peaks to a peak D. Right. Yes, your leg D It's not a peak yet because if we make a lower low than thirty two thousand nine seventy five today That will make a peak but all the technicals are holding That's okay to say that last sentence again So I'm looking at that chart if you just say that last once again So my objective was for us to get to a leg D We need a peak C and I had a whole thing for my subscribers. There's a Marabonzo can't sorry Marabonzo candle this very long candle with usually it has no wicks But I included if it has just the tiniest wick on the top and tiniest wick at the bottom is the same kind of candle And I see to subscribers on During my weekend overview video that I sent out I'm expecting a possible maybe a small doji candle and then a down session Unless there's a huge gap to the upside, but we've used up all the gaps. There's another Marabonzo So so how we that's what I'm trying to figure out. Are we at a peak D? We're at a leg D We cannot make a peak D until you get a lower high and that means right But that's interesting and the reason I'm asking folks is that with the Fed coming out tomorrow because that could be dangerous a little Yeah interesting okay, okay, so have a look at this the S&P Has also gone to a leg D that I made a peak D yesterday and today made a nominal new high at E Okay So there's another technique that I use and that's using a cup formation where I call it bar symmetry With a number of bars on the left side Whether it's going from a price down and then back again or from a price That's running up and then coming back like the art formation That's symmetries what I look at sometimes you can get an exact low that has a beautiful price and time match Sometimes it doesn't work that way So I use other tech Chapman wave techniques to identify that when I identify this one going to leg C for the test of 3500 we got there look at this yes the midpoint and we got the the exact day right there on Friday So I said okay, we've used up that now have to use a different Midpoint I call it the plum line and I use this one here, which was the law of 28,715 right here that was the bar of the 30th of September and we have another two or three days to go to Attempt to get to this high that's on the left side on the 26th of August of 33,364 but it's achieved everything that I wanted that's why for this particular phase now Look at the MACD. It's strong Stochastic flat on balance volume is just lagging but the red this gray lines are relative strength. It's good It's way above the 200-period moving average. So so far that's good So as it and as an example for I mentioned you last week that we were long Bank of America We'd be long long maybe Over the last seven years about six times We try to buy at a low and then ride it up and at some point We get out and we'll get stopped out with the profit and then we just wait until we get back in so we're back in in the 31st and it's raining at 36 and it's only a leg C But here's another technique I'll discuss this a little bit more detail tomorrow in my show the Tiger technicians hour 10 So this because the price was up up up and then it suddenly stored where did it store? One two three four five days is stopped right at the 200 period exponential moving average So that's now like a magnet It means that yes Bank of America unless it goes into the 3780s in this particular move It's a 3618 right now. He's probably gonna hang around you just a little bit longer It's got good support at the 30. I'd say 35 30 area So that's the way I like to look at it say it's in a buy mode. It's doing very well It's stored exactly where we said be careful That's where it could store at the 200 period moving average So I'll use this as an example I was in use of the doubt if Bank of America or the doubt closes above that arch high that was made a Couple of months ago. That's going to be very important and very positive for the market So all in all I'm looking at this very favorably I like that the secret goals are rally and that the tech sector still struggling a little bit and folks Very easy guys news that it come over to our website at TF and news that is the opening call Bows of a great one safe when you look for the show tomorrow. Thank you Tom. Get it. Thank you