 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 Internationally at 727-445-1044 Now Basil Chapman Hello everyone Basil Chapman, Tiger Technician Hour and let me tell my subscribers The webinar is on the page, you can check it out I'm very pleased, I've got everything I wanted to cover right there, right to the minute, hour and a half And if anyone is interested in subscribing, we've had some really nice trades Hopefully this could be a great help to you And go to the front page of TFNN, there's still time you can check it out because it was archived So you'll be in the same position as those people that were unable to make the webinar two days ago And we're now going to start looking at the archive And everything that was on it is pertinent to what I believe is coming up over the next couple of months Very important So I did this just to show the Chapman wave technique, we made that PD and I always look for the fourth highest peak In the two-minute chart, pullback from the 31 or 350 area, pulls back down to the 3097s And what I draw in right here was a Chapman wave inside wedge, remember I discussed that the other night Inside wedge, target resistance line, dash green line And I did it to what I chose to be left side, right side by time match And let's see where we are, you've got another two minutes to go These are two-minute charts, so perhaps another bar or two We've got right to that dashed line, that's the resistance line When I typed this in, we were right over there And I showed a peak A, I drew the cup formation I don't know, let's see if it goes to the 3102, 310250 area That's kind of a target over the next three to four minutes And here is a peak E in the Chapman wave in the 10-minute chart of the E-mini And it plopped all the way from the 314.50 high of the day down to the low of three Well, this particular low here of 3094 And it's trying to really, we'll see what happens Alright, let's get to our nitty gritties here The Dow, oh, I've got the dollar, let me do the dollar Holding well, it made it, remember, fourth highest peak D On the 1st of October, pulls back from 99.67, comes all the way down to 97.11 Rallys up to 98.45, still got a long way to go It hasn't made that peak D yet But if we can have it like a restart here of another move to the upside, that's going to be positive If it starts to drop under 97.40, it says this weekly peak D Is going to make it probably the lowercase H pattern That says be careful, we could retest the lows of 97.14 Monthly chart is, what, a week and a little bit to go Looks like it's going to be a peak D in the monthly chart Well, let's get to the nitty gritties, here we go We've got, what is today? Thursday, so Tuesday morning Right at the open, I want you to, I want you to short for my subscribers But we had shorted twice, one was an option The other one was the DOG, one to one, short to Dow We took a loss there, a fairly small loss in just one something percent in the DOG But it was about a 20% loss in the option Options always said, hey, if you're not prepared to see a 20% to 30% loss in your option Don't even think about trading options, because in a second they can use 50% In a second they can gain 50%, that's just the way options work Now what's really important is that the reason why I want you to use that I was giving a leg F and the chart wave F with the technicals deteriorating is a sure sign You're getting a pretty steep self, but I wasn't 100% sure that it would happen right then Only the on balance volume was giving me the clear at my notation And we're saying that the strength, let me just do this again The strength of this combination of the green line going up and pink going down Going over or below the black moving average It says to actually and I've been talking about this for the Dow to actually plunge Enough to get the green line under the black line to make a pink line It's going to take 700 points and look what happened twice yesterday and today Went right to the 14th period moving average and it's bouncing above So it's going to be time, so I didn't want to fight it I said we're going to do it short because I'm suspecting that we're in at least a sideways trading range Probably lower highs and lower lows I don't think we're in this formation just yet where it's a really sharp sell-off I don't see any reason why you can't expect a 4% to maybe an 8% decline consolidation Maybe December we stop, but my rule of thumb is that if the Dow, most of the indices But I like to talk about the Dow, if the Dow can survive The August, September, October declines if that's the case you only had one of the decline If it can come back at the end of October the first week of November to almost close to the yearly high There's a chance you're going to close almost at the yearly high That's just my way of looking at the market So keep that in mind I wouldn't get terribly excited because this is such a rotational market I'm looking at some of our stocks up one is up over 1% today The other one is down a little bit, yes down a little bit Another one is up 0.60% This is a mixed market isn't like 90% like in December we're in 1993% of all stocks are going down This is rotational correction So let me show you what I'm looking at here let me just go back to this for a second There's the email there it is so that's the technique that's what I was talking about on my show on my webinar These are the techniques we use I don't believe I think we should actually close pretty reasonably today If there's no bad news further bad news and even with bad news We're down 40 points in the down down 5 points and this is not a real bad news sell-off where you're getting 15 points on the downside every day in the S&P 130 to 117 the Dow there's residual strength here So if you haven't done anything on the short side I think you're going to get an opportunity but I'm going to still say be very selective I'm actually looking for more buys and sells at this particular point That's just the way the market is Alright so we did that exactly that means the 10-minute chart hasn't made a leg bead won't make a leg bead until it goes Above 3103.25 if it goes 0.75 if it goes to 3 I can't read it let me just get it in a different place 3103.75 if it goes to 3104.00 you start your leg bead that's going to be a good sign And every day you know in my opening call newsletter I discuss these things in great deal look he has the chart there's 120-minute chart What it said is today if the Dow I hold a bunch of stuff going on but today if the Dow is able to hold a plus 40s after 1.30pm That will be good action but a rally failure or failure to rally shows weakness that's at that point Especially after so much selling has already taken place So we'll see this is that I do this and that's 120-minute chart I have the daily right here Now you see the daily up until this morning where we retested the 14 EMA and the MACD hadn't crossed negative And the stochastic was at 92% that's very good look how much it drops since then So this is the start of some kind of a rollover that's all I'm calling it right now Could get worse but I'm calling it initially a rollover I'll be right back Bezel Chapman type admissions hour the Dow is down 46 recipes down 5.8 I'll be right back If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures and forex Heated by Steve Dahl TAS understands that in today's 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new and improved homepage with a much simpler navigation Whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions We even have new pricing in six months and yearly options Check out the new TFNN.com now and experience all the upgrades TFNN.com educating investors 927-6648 internationally at 727-873-7618 Hi folks, I'm Dan. We just someone Zia mentioned something about KC which is this is coffee This is a continuous contract Made a peak D, the MACD turned down, did cross negative but very slightly and then a surrogate show support yesterday The stochastic did pull back all the way to 61. So this is this is real. This is a surge of buying And it must be a story behind it because it should have popped maybe to the D level which is at 114 Or this is the continuous contract 113 30 said should have popped maybe to 138 114 10 and then kind of pulled back But it was just going to be a V shape formation something is going on Yeah, this is a stupendous move because it's really it's a leg B now in the weekly chart And it's a leg A a brand new leg A in the monthly with the stochastic Okay at 18% but the MACD has actually started to turn up So this could say that the whole area of one to 95 In In the continuous contract of coffee that could become a base here This is very interesting because everything about you always looking for those these what was this this is a D right here look The reason why the prices are moving around I mean the notation is this is a continuous contract to get smoothed out So it went to a trough D right there on the 11th of October at 95 point 60 This is a continuous contract. So your price might change with the the pattern and the Time absolutely does not just the price gets smoothed out. So there it is. This is a very strong Is this a leg E or brand new is this an old leg E or brand new A for now? I'm just gonna have to say I'm calling it E But my eye suggests that from the monthly chart from the weekly chart There could be a pullback to where D was at the hundred and thirteen hundred high hundred and thirteen Four hundred and fourteen level and then another move up to confirm that this is actually a new and new milk to the outside and coffee Wow, okay, so a couple of things going on here Above in the dances, I think Casey by far the most difficult commodity trade Like Larry says when you have the urge to trade Casey stop and consider vacation So the urge goes away. Well, it's just if you're looking at it purely as a technical analysis Look, it's done. I couldn't complain. It's done everything that you asked for in the Chapman wave I couldn't care if this was Z Z Z Z Z If there ever was such a thing or if it was a water ETF or Coffee, I don't care what it is. It went to a peak D in the Chapman wave We did everything it should had an arch failure This is that this is the dreaded H that we always talk about in the Chapman wave methodology right here And then right left left side Lower right below the previous one and didn't come up for air at all Only differences that I should have put it. I haven't checked this for the one should have put my down arrow there And this should have been an up arrow peak A peak B peak C peak D peak D is where you get a little A cautious you lift your foot off the accelerator just to see what's going to happen A hover over the brake in case you need it yellow light goes on and if everything's safe There's no through traffic. You can just keep going and there it is goes to D I would have put a down arrow in if I've seen it, but I also hold off sometimes and I keep the plus sign Because if this is an M shape formation like it was there, you can only go You might see the price go below the 14 period moving average in this case the 200 period moving average And the magnetic and the stochastic goes under 80% But it could be brief as there's another attempt to try to heal a dreaded age pattern right here That went under and within two bars kaboom it goes back yet. Hey, I you know, I always say this I remember my father once said to me I can't trade I don't remember which country this country stocks. He says they all they know those bankers are crooks I would never tell so then I got a chart and I see Tim. Okay. Yes, some stocks from that country And yes, some stocks from the United States. You tell me which ones are from the foreign country You tell me which ones are the crooked ones from America or the good ones from America or the crooked one No way you could tell could you tell from here that this is not a high tech or this could have been Target this could have been target. Look at the chart target Okay, another peak deep pulls back. Yeah, the MACD was very poor. See, I would never have said from the chart Formation other than with earnings that there could be a spiral from the hundred and four teams in target All the way to today's high of 127.96 in just two days So yeah, so I'm just going to say to you trade what you see There is the guy that teaches trade what you see and this is what you're looking at. Let me just go back to the fuses I'm kind of intrigued Yeah, so we went into the futures. We were right above that because stored at the 200 period moving average in the two minute chart We're at peak B and the technicals all holding well. Let's see if we can start legs see above 3103.00 All right, and I love my one three rule. So this is already one two three four This is the fifth bar from that peak. You got maybe one bar to get close to it one three six rule to see what happens All right, there we go. So now I did the doubt. Let's just go S&P S&P It's kind of holding okay up here. This is a high level consolidation So we'll see what happens. I can just tell you that if the S&P starts to trade a 3082 3082 That's going to go from a cell signal to a cell mode very quickly But so far hasn't even gone to a cell signal not yet. If you close it might sedate each other The IWM I never did in the update the IWM allows it a see this is what I said about the IWM Don't be fooled just because when the down the S&P a week and the QQQ is weak index 100 and IWM The Russell 2000 is holding well that it's great. No It's a very lagging indicator index So you've just got to be very careful and I think you're going to get a wonderful buy on the IWM at some point Not just yet Okay QQQ, 1, 2, 3, there it is Just digesting the gains. Let's get the XLK. I don't know if I've even updated the chart. Yes So there was a let me just, is that a peak over there? 12, 12, 12, 2, 12, okay So you had a big D that it goes to E S&A, F&G Sorry F&B And G&C So the XLK is a little different to the others in that just didn't make a peak right there It was a double top and the next was Bob was a higher high So I'm calling this G&C You might even have to see a D in this one before it's all over and then it pulls back But everything about it says we're in a digestive phase in the S&P select spider fund Tech spider fund had a question about shorting the SMHs the other day You know we were short the SMHs if I had still held that short It really just barely got stopped out, it did get stopped out but barely by a fraction If I just held it, that would be very good I think this is going to be a little more complex than just a very simple smash to the downside Oh, SMHs and SMHs are down to $91 And $130.67 $135.26 just stopped us out the other day Otherwise we would have been short the SMHs And I still think short is probably the way to go because it had a chaff from where you saw the information There's the leg, there's the body, there's the neck, now we're into the beak And the beak is now gone below the body and that's usually very negative So the next balance is where you're going to maybe see an H pattern in the SMHs And then if we start a deeper correction from the next week or two And watch it very closely, if you hide it's $175.27 Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion While originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Later Basil found that computer software which included the standard market technical indicators Enhanced the degree of accuracy in calling price turns as well as market trend calls Thus was born the Chapman Wave sequence Using the Chapman Wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion Each market day with his opening call newsletter Right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com Cancel at any time during that trial and pay absolutely nothing Get your two week free trial to Basil's newsletter of the opening call today by visiting TFNN.com The path of least resistance is David White's daily trading newsletter And if you're looking for active trading ideas Then now's a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas Each morning in his path of least resistance newsletter Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information With intraday afternoon updates when warranted Don't miss out on this great chance to get a 30 day free trial to David's daily newsletter The path of least resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently And if you'd like to see the type of newsletter he delivers every morning Then visit the front page of TFNN And you'll find the path of least resistance under trading newsletters For all the details and to start your 30 day free trial today Log on to TFNN.com now TFNN is excited about our new software charting program The Art of Timing the Trade Chart In collaboration with Tom O'Brien and using his best selling book The Art of Timing the Trade Your Ultimate Trading Mastery System David White has programmed an outstanding piece of software That will complement any trader's methodology Using this first of its kind program The Art of Timing the Trade Chart allows you to scan thousands of stocks For Fibonacci formation setups including guardleys, ABCs, butterflies and much more The Art of Timing the Trade Chart is designed to help you When scouring the markets for stocks Just beginning to form the trading patterns That many investors spend days, weeks or even months searching to find And right now we're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software That will even give you a 30 day unconditional money back guarantee Don't miss out on this incredible new piece of software Get your copy of the Art of Timing the Trade Chart today By visiting TFNN.com I'm Ron Robach And yes, we made that leg C in the two minute chart That's what we're looking for Why are we looking for leg C? Because we want to go all the way to a leg D And then a peak D Remember Chapman, we've looked for the lowest low bar Most obvious low bar We count each higher peak Alphabetized Upper case on the way up Lower case on the way down You can go to E, F and G But you're ready D is where you're expecting that something can happen It doesn't have to It can recycle to the upside And start a whole brand new buy mode to another four peaks It's an incredible indicator Or you can say just be a little careful here And then you've got the patterns The arch and the cup You can mix them up straight line down And then you try to around it And you fail We just saw that A red because if you have bad technicals It can go much deeper And green because the Y The reverse Y If you take out the left side high You can go much higher In fact, look, all of these are the Y pattern Look, there's the leg up There's the Y And it broke to the upside There's the leg down And broke in the Y breaks So just, you know, these are fractals The fractal is really a small It doesn't have to be small But it is a pattern That repeats identically In all time frames So that's what we're looking at All right, so now let's do a couple of things here Crude oil Crude oil This is the V-shaped pattern Went to a D and pulls back holes They've got beautiful That 14-bit moving average is the black line And then it pops up It walks the 9 and the 14 And then pops to an E Plunges below And it goes right back up again To a new height today And a new recovery height today A 58-28 of the continuous contract There's a peak D Remember what I say about Ds Be careful on 16-14 16th of September Plunges down to 50.99 Oh, let me check the price This is a continuous contract Everything's correct Except the price might be smoothed out So the low was 51.20 I've got 50.99 51.20 And here it is 58.08 I said that I think it's stuck In a rectangle formation Maybe the high 58 59.25 If it goes above that That's something else We'll see what happens here It's been stuck And in the weekly charge You've got about 61 As the rectangle resistance And you've got really important Supporters in the 53 area But it does go all the way to 50 TLT Lehman 20 A Treasury Bond Fund 139.42 Oh, this is going to be so interesting Because look, if you look at this As the price It's been stuck in a range Of lower lows and lower highs And I'd say to go into the 141s Oh, you've got to be careful Because that would mean that money might come out Of stocks into the volatility Of stocks if they go down into the So-called safety of bonds Here we are in the lower register We did the dreaded H It's still acting purely after the H pattern But the monthly chart is still good That was the weekly There's the H pattern I drew in right there And the monthly Is still holding very well In the upper range Of this month's candle And that's good All right Just a review I had a couple of quick questions Come on if they're quick But there were questions that came in So let me just honestly one at a time Yes, this morning I apologize I just between last night A board meeting and stuff And this morning I had to go back into town Back here again I just ran out of time to do all the work I used to do for my subscribers To an opening call So let me just do a couple of things I say to them I do it on the show today Our stock that One of the stocks we've got BDSI The buy delivery Holding really well It's down 0.07 and 624 We're in at 517 We've taken two little Little bits off As part of money management You had got to PDA at 645 That's a big move 517 to 645 It's one of the reasons why I said We're not going to buy A $238 stock like now This is a service now Because we could do the same percentages Without putting that much money to work Because I was suspecting That we were coming into a period of Some volatility And I wanted to have some cash ready For when the really good buys come in But look what happened to service now I said I don't want to go through it again I went through a whole thing in my webinar Please if you're interested In really learning a whole bunch of techniques That I'm sure you don't hear about Almost anywhere else Because these are techniques That I've worked on myself Most of them are proprietary to the extent I'm really stressed if everyone's work But I know that I don't hear about it Discussed So it's my volume, climax, reversal A whole bunch of things And I'd said that now should not After the smash to the downside Of $213.99 on the 23rd of October It was around about year 238, 242 I said We're not going to buy it But follow it Because I think it's going to go For about 28 bars And if it holds 28 bars Without even coming close to the low It can even go for 56 bars It was doing fantastically It went all the way to 267 30 points high And then S&P said It's going to be included I think S&P 500 maybe It was going to be included And it spiked up huge It hit 284 yesterday But on a percentage basis Going from the 24 level to 28 We've got something even better With the BDSI And we've got something Even better with the other ones I said I'd talk about it There's the rectangle formation I've discussed this the other day I said that you could get An inside buy mode That can go to a peak D In a smaller timeframe In this case, a 120-minute chart Going towards Right on or just above the previous Side and then it comes back Into the rectangle And look what happened It went to peak A, B, C Today's a leg D And it's not yet close to the 645 level It's at a height of 636 So we'll watch this Because you don't want to turn around And make an arch formation An arch formation says Oops! You can go and retest the six Areas at 625 right now So that's one of the techniques C, Y, V, R It's another one I didn't have time today to show What I discussed on my In my webinar Was I love the stock We had it at 104 It just came out It popped to 199 It did pull back way sharper Than anticipated Which is the only reason Why I said We had taken two small bits Of one at 100 And in the 116 And one in the 109 area And then I said I didn't get us back in I said We've got a core position I'd like to add back The little bit that we took off The two little small chunks we took off I haven't done that And yet it is today It went to 120.61 To a new height And what did I say? This rectangle formation Had a whole part of my show on On my webinar Had a whole part of it Talking about this pattern Called the inside by mode That you should have A smaller timeframe Taking it to a leg D In certain conditions We met Bam! Look at this We went right just above Now I have to call this Not a B That's something else Now I call it an E Slash B Saying Hey, we've reached our E That's the old notation Are the technicals Strong enough to say You know what? I think it's going higher So that we can go to A new C and a D And there it is Leg B And the reason why Cyber arc Software I love the stock It's in the It's in the It's in one of the leaders In the Internet security And at a whopper of a fall It plunged from 148 Down to 96 94 I mean That's a huge move down So I'm hoping this is One of our intermediate Term buys Like we've had the dollar Like we've got Bank of America We'll see I mean a day's young We'll see what Oh, a day's young Let's see what's happening To a little short Leg D Leg E We're in leg E In the two-minute chart And now new leg B In the ten-minute chart I think that's why It's quite a nice day As a market in there You never know If you're in the CD market And looking for a secure investment The Tiger First Mortgage Program May work for you The security for these First Mortgages Are building lots In the tax opportunity zone In St. Petersburg, Florida The tax act of 2018 Set up tax-free zones Across the country Where you can build And hold for ten years And pay no tax on the profits Which makes these lots valuable The investment is anywhere From $30,000 to $75,000 The interest paid Is 7% yearly paid On a monthly basis According to bankrate.com The best rate for a four-year CD In the country As of February 20th Is 3.1% A $50,000 investment At a normal four-year CD Rate of 3.1% Would give you income Of $1,550 per year Or $6,200 over the four-year period That same $50,000 investment In the Tiger First Mortgage Program Would give you $3,500 per year Or $14,000 over the four years What should you prefer? $6,200 or $14,000 Of interest on your investment If you'd like more information About the Tiger First Mortgage Program You can call me at 877-518-9190 That's 877-518-9190 If you're a trader in the market Looking for exposure To gold or gold mining equities Then now is a perfect time To sign up for Tom O'Brien's Gold Report The summer is over Gold is trading back Above $1,500 And the 10-year treasury Is hovering at around 1.5% Tom O'Brien has been writing His weekly gold report For almost 18 years There's no one that knows More about how the Gold market trades And how gold mining equities React New subscribers get a 30-day money-back guarantee So you have nothing to lose Every Monday morning Tom publishes His weekly gold report With coverage of gold, silver, Bonds, the XAU, HUI, GDX, the dollar, As well as more than 30 different mining equities. 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So, Greg wants to know Does TRUF-D have the same Importance going down As a peak D? Does on the way up? Thanks, Greg. So, you know, I've spent a lot of time Over the years. Look at this cyber. It went to a TRUF-D In the weekly chart. So, you know, I've spent a lot of time Over the years. Look at this cyber. It went to a TRUF-D In the weekly chart. But I have a rule of thumb That suggests a massive move Down, like... Let me just show you Something here. Mmm... There it is. A massive move down In... This is the dating of the Down from 27,306 On the 12th of September In TRUF-A, TRUF-B And then a huge TRUF-C And that was a temporary 5-day road trip. So, you know, I've spent a lot of time Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years Over the years that historically have worked way better than on the way down so on the way up I use the letters plus the technicals on the way down I use the technicals the letters are just a guide I don't say oh we're at a C we have to go to a D on the way down trough C we have to go to a leg D to a trough D a low low I found too many times you can have bought a down move very quickly at A, B, C, D, E, F it the letters are not as important the only important in the sense that there are times when I get trough A trough B trough C trough D trough E and just keeps going down and that says be careful you're in a continuation pattern but when I get it with a very long leg A to the downside and a short B and then there's a sharp rally to the upside that rally sometimes like here like this is the reason why I use this flagpole pattern for cyber C Y B R trading 119 70 Apodot 25 because the speed to trough A was such that once you especially after a gap once you do anything filling the gap or not completely filling the gap you reverse to the upside if the technicals are still strong I'm done I'm only looking at the upside arm out of whatever position is so that's that so the answer is no it doesn't have the same importance it is important only as a measure and a gauge of time that's used or the speed of the down move but on the way up I absolutely use letters all the time and I mean that's the reason I got that cell signal the reason why I wanted a short Tuesday morning because everything was telling me that there was some kind of a pullback coming of importance at that point it was yes the letter F will know let me do this one at a time let me just show you in the Dow it was an F in the S&P and F is where some of the deepest declines occur in the in the S&P was F in the QQQ that was a leg F perhaps going to get a peak F there it is in the IWM we had already made the sixth highest peak F at a hundred and sixty point forty six way back in the beginning of November yeah we are in a trading major the downside holding quite nicely but in a trading band so yes that's the way I look at it but look at the troughs on the way down trough E you know I look for the technicals more than anything else so the answer is no what do I look for I look for the technicals on the way down I look for notation on the way up and then put the technicals together the other question I had so I hope that answers the question the question I had was I think I'm not sure if I'm getting it right here let me just see I think it's from L yeah we go some what is the question oh twenty five point forty can I buy TBT here let's go to TBT off because I want to look at TLT let's see TBT can I buy here well that made a peak E and then it pulled back sharply and then made this is exactly what I call a rogue wave everything about the technicals were coming down went out of the blue it spirals up to that peak right then that's a peak F and I can't put it down arrow because I've already used it up on the E so it's an accidental new high and I have to use inverted V and I always color that red so yes that's a that's a reversal now the question is is the TBT about to rally and my answer is based on what I'm looking at L I would say no it could bounce a little bit but I'm suspecting that there's a little more weakness to come in in the TLT TLT's at 131 down from the 130 at 139 29 and that should probably try for legs see I don't know if it even go to a deep but I think it should try a little higher so in a timing model I would say to you probably not yet in the TBT which is the inverse of the TLT I think the TLT has a little way to go to the upside just right now then I think it can't solidize and only later does it start to see maybe in January I don't know a really strong move to 149 which would be above the peak C of August and that'll start leg D and 148.91 so just if I talk about a timing model I just don't think it's ready right now I do think you're gonna have a chance to do that but at 25 40 now it's 20 25 40 let's get the exact price TBT 25 48 right now I I don't think you're talking about a bounce I think you're talking about a real position that's gonna just knock the data it's off the wall no I I don't think so maybe even on a short term basis there could be a bit of a bounce in the TBT as the TLT pulls back because I do think there's gonna be an attempt to get close to the recent highs and then fail in the market and then come down to lower lows and that would say to me money or go from stocks into bonds again hey I could be wrong I'm sorry I know you're very good at timing but I just I don't want to I don't want to change from day to day I'm just saying I don't think right now the TBT is the way to go Mike at Almond Beach how are you? Hey Basil, I sold my CGC trade today and my MJ and I was wondering if you think where if first of all if we could get a some kind of a pullback and where you think it may get down to so I can reload again. So first of all congratulations you're ready that was well very well planned. Secondly I'm looking at some of the others like at GWPH which is GW Pharmaceuticals, Medical Marijuana, whole cannabis section but on medical terms and it's just been pummeled from 196 down to today's low I mean 196 to 96 196 to 96 if you take away 100 that's the hundred points that have dropped and that's one of the circle better I think you did the right thing but I'd like to look at it so can you hold on we'll be right back yeah I can vote for you I look at CGC and it's canopy I believe canopy growth does not turn poison right I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers is share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best and what I do sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today if you haven't checked out the newsletters page of TFNN.com what are you waiting for all of the TFNN newsletters are informative up to date affordable and a must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers 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liquid form primal edge is powered by highly concentrated phobic and humic acids nature's preferred delivery system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right page they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by nico and page of living a primal lifestyle buy it today for just eighty nine dollars click on the primal edge banner on the front page of TFNN.com Hi folks this is Steve Rhodes stay tuned for another great hour of the trader's edge heard here at TFNN.com Hi folks we're back and just that two minute chart made a peak E with two little dojo candles and now it's pulled back so now we'll see how the next thing the phase goes we're looking at CGC which is canopy growth canopy growth in the medical marijuana segment and as I say GWPH one of the one of the real big winners dropped a hundred points so there's a big problem in that area so I suspect so you kept nothing you just got it and you got out you took your money in your hand is that correct you know so I want to thank Tom O'Brien you Steve Rhodes and there's two other technicians that I learned from and for all of the great education I was able to pull off this trade from from what you and everybody else taught me so I want to thank you guys first for educating me and what I did I had see I work full time it's so hard to trade the way I really want to trade and what I did was I had I looked at the chart and I saw we were getting kind of close to the 50 EMA and I saw where that and the 34 EMA has acted as resistance in the past so I put my sell order in that area and it went on you know higher but you know it hit the 50 moving average but you know what I think you did a wonderful trade you did it that was perfect now the big thing is this how would you get re re kind of re-enter and I'm just going to say to you the profits that you've made and you know I'm just going to tell you from my own experience of what I over the thousands of people I've been involved with over the years that I've done this you've told me how they've done and where they've gone wrong etc you cannot making a real nice chunk of money puts two responsibilities on you one is you kind of pat yourself in the back you've lifted your hands off the off the wheel and that's when you hit the hit the pole you got to be careful not to do that number two is where do you get back in and what amount of money and I'm just going to say to you in the CG you've got your way to your patient keep your job do what you're doing that be happy that you're able to do this it's like a game it's like a pleasure it's like a it's like a sport see your next entry and I would just say your next entry should be a little less and take your time then if it pulls back to the twenty point twenty or nineteen point seventy area let's talk again maybe that's where you want to add a little more game have a great day