 Let's get over to our man Mr. Tim or as we do every Tuesday and Thursday and don't forget folks You can reach Tim every trading day at odd or D dash oracle.com. That's odd dash oracle.com Tim or what's going on brother? Well, good. I got my my charts over Something interesting is happening as far as the SPY is concerned. That'd be chart number one. Okay, and quite a market There and and reason why circle that area. I listed the trend closes and the tick closes on each one of those days Yes, we kind of showed a similar chart. I don't know Remember back in May. We were we were talking. I had a bunch of ten and trick readings running out, but long story short When the tips and trend reading They usually accumulate in it all in the same area, right? You know, it's not exactly area, but once they start doing that that area becomes support, right? So so my point is we're probably we're starting to form support here not saying we've seen the bottom Final bottom yet. I don't I think last Friday's low is going to be broken. Well, that's on chart, too. Okay, but This area right we're in there. We're basically look like about four I don't know four thirty eight four forty six Those were all the trend and tick readings are starting to form in so we got panic in This area and panic only forms at bottoms. You don't have panic. You don't have a bottom. Yeah Yeah, you know, I kind of got along a couple of weeks ago right start seeing panic up around four thirty eight Well, we bust it lower But the panic still kind of formed in this vicinity So it's not a perfect science that does give you a real good clue of Where sport is starting to form? Yes forming right in this area right now And you know, it's wilds him is that you know when you take a look at it when I was just doing the ones doing the update The you know, so the the spy got all the way up to four forty four sixty nine which which was like Pretty close to this four forty six area Which was one of the last times that we were down on big volume. Okay, the lows of four forty six Now that being said, yeah, what we're coming into we're coming into 96 million and 98 million and we're only gonna do like 70 million So that gets really intriguing. You see you don't understand what I mean meaning that We're gonna do like probably 70 million today in the spy They were coming into the Trading day, I can't see the shot that far ahead. I think it's the 27th It's the last you know the last two bars at the bottom meaning they were coming into that with a lot lighter volume Even though it seems like a vicious day, you know Right actually the eyeball that last decline into last Friday's low We compare that volume going down and comparing to last Friday's low to up Well of the rally over the last several days that belongs a lot lighter and You know, I do have a software program that measures up and down volume So this rally up is kind of a sucker rally put it that way, right? So it is running out of steam, you know It's kind of an acting a little kind of weird But normally these corrections are just kind of screwy They seem to go a little bit different rulebook than what when the market goes in an uptrend I think people are kind of just the motions of downtrends to scare people and so the the rules get Swayed a little bit. I guess you might say but particularly in the summer this whole sideways movement Even though it's kind of sideways to down since about early August to the current level You know, there's a huge about a bunch of panic all over the place in the ticks and trend, right? So we we got we got we're we're capitulating right now I mean though they move a little bit lower. We're the market starting to capitulate. So You know, that's what I wanted to point out there We can move on okay Chart to I think we had this a chart a similar chart we had on yes Tuesday And only thing I want to point out here is the SPY was not down four days in a row But the SPX and the QQQ were down four days in a row going last Friday You can go back. I think it was five years when I did this study And now when the markets down four days in a row On the QQQ and SPX market QV the markets lower 73% of the time within five days. Well today is four days, so it means down tomorrow might be that that Quantitative many's be up. They may take six days But normally you got enough momentum to probably go back at a minimum test last Friday's low Okay, we may be going for that right now You know if look Friday's low If you look on the chart or I have that if you go back and look at the chart where I have all the trend tick readings Friday's low had a high down volume day Yes, it is and most high volume down days are tested at some point, right? It was a 98 million trade day in the SPY. Yeah Yeah, so we're gonna take my opinion. We're gonna take a shot at that I don't know when could it be tomorrow? Maybe next week. Maybe I don't know and tomorrow You know we have that you have the Powell speaking at quarter past ten eastern time at Jackson Hole So that's gonna be a big deal because it's you know It's gonna be like okay. They got to keep going on rates. So they're gonna get neutral. What are they gonna do? You know, I mean last year was when he had to give the market a back Slap in the back of the head saying hey, you not believe him that I'm gonna keep going up on rates and That day in the next few weeks after that the market gets smoked and then of course the market said see you later I'm not gonna go down and want to go up anyway, but so Yeah, well, maybe maybe that'd be the nail in the coffin to form below because the market anticipates all this news So yes and seems like whatever is Is whatever that announce was going to be is is probably right baked into the cake per se right and we may get a short-term reaction But intermediate term wise, I think we're looking fine So I don't think we're starting a massive decline here I think and we're probably finishing up a bottom that may take another you know, maybe a couple maybe another week. Maybe you know Market bottoms, you know, it's hard to say they seem to take more time to form So are you looking are you looking for some kind of you're something Tim? Are you looking for some kind of consolidation after this? well Meaning what you mean with me go down. I think it could be a base buildings one thinking okay, you know Okay, go down and say we test break Friday's low and yeah a lot of times these signals come on Friday So they make you sweat over the weekend, right? But right then we may go up and you know, I have a a pointed out a gap You see on that chart number one. I have a gap was is that pink area? Yes on there. Yeah Yeah, so, you know depends how we test that area. There's another one above it So I'm thinking we could flip sideways for maybe a month or something and build a base and and actually I don't have these charts shown but the bigger, you know I do this a lot step with the McCall and Oskler right and summation index and we had a finite strength off that Sideways move from a year ago May to this May and so we build a base of a year So this rally we had off that base is is only the beginning of a bigger trend yet I think we have further to go. I think we'll break new highs Before the year is out, but we may move sideways for now and you know and probably into September probably sometime Yeah, that's how I'm seeing it just stay there for a second folks We're talking with Tim Woods from the order Oracle. Don't forget you can get hold of them at odd dash oracle calm We have the Dow industrials right now down to 90 to 41 nasik off 195 s&p's off 43 Tim and I come right back for Welcome back folks of Dow Dow is off to a 48 nasik is down to a 4 s&p's are 44 We're talking about men. It's the Tim more than we are talking markets here Okay, Tim all right Any more questions on the s&p's or no, I like this shot I like this shot. We can always go back to it later if would like but I like this shot I'm right. We're ready for the next one All right. Okay. Go to chart number three. Okay We've done this chart in the past a chart goes back to 2000 Was it goes back to 1986? All right, so it's a long-term chart So anyhow the the middle window is The monthly silver-gold ratio. Yes, and I got three different types of indicators to that ratio The bottom one is a percent balling or percent ball in Japan Next one up is a rate of change and the one above the Metal chart, which is a silver-gold chart is as far as high and they're all in a monthly time frame Okay, and you need two of the three indicators trigger a buy signal and and those dotted vertical lines Are the times when at least two of the three indicators are maybe all three but at least two of the indicators gave a buy Last time this thing gave a buy was in July of last year And I also marked all the times When that signal is triggered what the top one is the XAU the month XAU yeah And what all the percentage it did and what at least it did is 95% the most it did is 383% look at that. Huh? Oh now we got a cow. We got a chart Pardon, I just said look at that. Holy cow. That's pretty impressive. Hey, let me ask you something out of two out of the three This almost looks like all three gave you a signal this time. Is that correct? Yeah, it did okay No, I didn't because the RSI on the top window above that didn't quite get down to my set for my oh I see it right above it a little okay. Okay. I got yeah, I didn't quite do it But some of them did the one previous one did yeah back at they Well, whatever that decline was yes, I'm got a bicycle and the thing rocketed up So you know just two of this last three did and so Anyhow all of them the least Round off numbers, you know all the least did a hundred percent. So it basically was triggered at Brown 90 on the XAU and right now around 117 area or somewhere in there so about 40% so this thing's still on a buy signal so anyhow Because it should get at least 180. Okay, so even though the market is on a monthly time frame It's been pretty much moving sideways over the last several months. So let's look at chart for So now this is a smaller time frame Can we just can I just go back to this other chart again or just for a second because like that'll be pretty cool I mean because if you're saying 180 that would bring us to all-time highs the all-time high thus far on the XAU is 171 Yeah, yeah, that's what that's what charts suggest. So right, you know if you So yeah, I'm thinking we're gonna break new highs right probably within the next 12 months That's kind of what I just wanted to go. Okay. I can last a while. No, I'm with you. Okay. I got it Okay, so now let's go to that chart number. Yeah. Okay. Yeah chart number four So that this breaks it down into a shorter time frame and that the top window is A cumulative up-down volume percent so I saw that is and the middle windows gdx and Forget down we can talk about the two bottom one up to bottom indicators But what I found out worked the best is the up-down volume Tumor up down volume percent for gdx. Yeah, and I circled When those in and I did a bowlinger band on it and I circled the times when that indicator cumulative Updown volume went above the bowlinger band. That's in blue when a blow of bowlinger band That's in red and dotted out. Well today. It's above the mid bowlinger band But sometimes you get a little hesitation there the times you don't but right now We're basically as of today. We just were above the mid bowlinger band What this is not on the clothes. I know what the clothes is going to be but we're awful clothes They usually this indicator usually doesn't whip you around It is pretty Straightforward it when it goes up it goes up for a while when it goes down it goes down for a while You know, it's so cool, man. Do you know I mean, I know you know because actually when you were on with me We had Joe Granville on too. I mean because when you're doing the up-down volume, that's really unbalanced volume, right? Because that's Same thing, you know, it could be I don't know actually Well, do you do you and you ran bill create that indicator, right? Do you add the volume on an update and subtract on a down day? I actually I don't know what the cumulative How they they perform it, you know, I Don't know. I actually don't know. Okay. It's this question. This indicator came in This this way. I didn't actually look at it. Okay. I got it. Okay. I got what it does But I think it it just adds Yeah, it could be a Unbalanced volume and not for sure But but you know, you can see how it works. Yes. No for sure, you know It it catches the trend and actually if you go look at that top in In April, yes, you know close below that It didn't never close even though the market gdx rallied into May there that indicators They blow them all have been but mid-boulders are bad. I thought that was pretty good, right? So saying that we're going low. Yeah, right, right. Yeah, I made a lower So actually if you draw, you know, if you do diverges as you draw trend lines on that Yeah, yeah, yeah, and anyhow, so and if in folks it let Tim just one second I don't mean to interrupt you but folks if you're looking at this shot when Tim's talking, you know You got the the gdx and you get the top line. He's talking about this middle line here That's the mid of the bowl in Japan then you have the bar just so you can understand how what we're talking about here Go ahead Tim Yeah, so anyhow, so it gave a buy back in July. I gave a sell in August 1st. Yeah, and now we're back into, you know, you know possibly a buy Right now. So this thing coming off the bottom here to me. It looks looks for real. Yeah Yeah, I'm gonna put I'm gonna fight how much it backed off, but I'm gonna put this up, right? Yeah, let me say I just put this up. You can see we're right. Oh look at that man We're right on it right now. We we actually kiss it right on it Yeah, because if you look at the price on that, you know, if you go look on that indicator Well, the price is minus six six eight point eight two the mid bow and your band is Six five six point seven six when I did this. Yeah, right now when I made that chart It was above the mid bow and your bad. Wow. So pretty cool. Yeah, yeah You see the boy and coming off that. Whoa. Oh, I love the gdx. I loved it. No the big time Yeah, so it could be a real move. So we'll have to wait and see. Yeah, we flip to We're kind of running out of time, but I'm gonna take you for one more segment two anyway So that we go to the next right? Yeah We'll flip to chart chart number five, okay, and Probably don't have a lot of time to talk about this is kind of a a different chart The bottom window is again the up-down volume advanced line indicator but I took a Instead of cumulative I did a 18-day average and it seems to work out pretty well Oh, yeah, just hold that thought Tim. Just hold that thought we had a quick break We're coming right back and you talk about bisectin and dissecting markets folks You hear it these bisectin and dissecting the baby Dow Dow industrials down to 79 Nasdaq's off to 18 S&P's are off 47 Tim and I be gonna come right back folks Welcome back folks. We're talking with Tim wood and we have the markets Dows down to 90 Nasdaq's off to 20 S&P's are off 49 and we have chart number five up here Tim All right chart number five, you know the previous chart was a cumulative Updown volume percent for GDX This one on the bottom window is the 18-day average of the up-down volume Percent for GDX So it's a kind of a different spin I've used a lot of different moving averages for some reason 18 days It seems to work the best. Okay, but in in general when this indicator is above minus 10 Markets in an uptrend with low minus 10 markets in the downtrend and all that blue shaded area is when The up-down volume advanced plan indicators 18-day average is of above Minus 10 so minus 10 seems to be the magic number. Yes, and I did this chart It did it was a minus 17 and a half. Okay, so This one's below, but the previous one is above. So, you know, which one leads? I don't know, but It's going up along with the market probably would need to keep going higher here. You get that indicator above Minus 10 when it does and yeah, we need a couple more good days Don't know so it looks like we need a couple more good days in the GDX right because that that would bring it above the mid-bowl in Japan number one and Then more than likely, you know a couple good days would bring this above 10, right? Probably yeah about 10 So it's kind of if you look to last signal, you know, it gave a bi-signal kind of first July just like the Tumid of up-down volume did and then and actually mark went back down gave a cell signal So he kind of bought and sold about the same level. Yeah, which is kind of unusual usually gets you out pretty good close to the highs This last particular time it went back down and went through a cell signal and now hasn't quite got a bi-signal yet But it's going in the right direction. I guess you might say so but the signals are usually pretty good. I mean Over time it has worked well, so but you know if you several different indicators On this up-down volume type indicators, you know, if you get to our three Right now we got one out of two, you know, your chances of success really increased So I'm thinking we're about ready to start a rally Yes, and the only reason why I think this market has a lot further to go is on page 3 which is that percent volume thing or not percent volume, but the Monthly gold silver ratio, right gave a buy and that that signal in my opinion still incomplete until we get above 180 And that may you know take another, you know, I don't six months a year or so Yes, you're trends up the short-term trend my opinion start to turn bullish here And one is already bullish and to get to your chances of success is really increased So I think that other bi-signal is probably Coming here shortly now, I guess I think Gold market is usually a good time to lie through August all the way in in October Those seasonally wise were actually pretty good for gold and gold stocks, too. So Hey, you know, it looks pretty good. Yes, no big time with it, you know, it's interesting Tim This mid bones a band that you're on to is really a trip man. I did oven. Yeah, I've been pulling a few I mean, I have the spy up here right now, right and You know, I mean, you know, you got whipped around a little maybe three months ago for a day or two But man, this thing just went all the way up and yeah now it turned It almost it tried to get above it. I guess this morning and then it failed Yeah, yeah failed. Yeah. Yeah, we can talk to more about that if you want because If you really want Accuracy over time you do it on a weekly on a week. Okay. Yeah, and they'll catch you all the major moves Up or down period. That's pretty amazing. I went all the way back to 1980 and and did a A steady on it, you know personal steady work, right? I'm pretty you see it kind of charts I do like I look at all the weird stuff and and oh, I listen. I know man. That's why I love you so much No, I'm serious man I'm telling you I've learned more off you, you know 20 years ago Then I probably you learned in the last, you know 20 years. Yeah, there's no doubt Well, we'll see what the next 20 years bring that's right That's right pretty wild. No I'll tell you this isn't being done. Yeah It looks all pretty good. So anyhow, we got a lot of stuff going on probably the next couple of weeks and I think You know, I think that signal will probably generate in GDX because one's already doing it It's a matter of a couple others kick in then we probably got a rally there And then I think and you know SPY SPX is probably even though we may go back test last Friday's low My opinion that's probably gonna be it because we already got quite a bit of panic over the last couple of weeks and There's that 10-day trend now we talk about. Yes, and right now. I think that was 1.09 as of yesterday Usually if you get around 1.2 and higher, that's where the air midterm lows form Okay, that's the reason why I said the market may flip sideways here until that 10-day Trend gets up around 1.2. Well to get at 1.2. You're gonna need some more You know high trend closes over the next you know week or two to get that Average above 1.2. That's the only reason why I thought we might flip sideways. I say no, I mean, yeah because we need a You know, it's more panic days probably in this region. We're in right now But you know some stuff thrown around a little bit to get that trend then what that trend above? You know 1.2 that's where the major bottoms form. Yeah, and as we as we're speaking right now You know, there's gonna be coming into this clothes is gonna be interesting because you know the S&P's just took a you know Another leg got 10 points down and about a heart heartbeat, you know, so yeah, I suspect that was Yeah, what's in right yesterday. We had a 1.89 trend And the market was up. Yes, that was kind of strange. That's usually only happens in down days So, but now it is what it is wherever those trimmings come in at, you know, we're so You know, if we do crash tomorrow, we break below last Friday's low and the And we get a bullish combination ticks and trend and we break last Friday's low On say at least 10% wider volume to me that'll be a short-term setup and probably Could end up with a buy signal. Yeah, there's no fear in the market right a long Pardon, they'll be just enough fear in the market Right here in the market to probably get up to where you know the gap we had here if you look on that chart on pay our on Chart one. Yes That that pink area I got drawn. That's where gaps are the two gaps are open. Yep I see it and I thought well if we get we do, you know, this is all speculation Oh, yeah, I'm a signal to do it, but it could develop for last Friday's low Could be tested if it's testing a lighter volume and that takes some trend or I still hide enough We may get rally to that gap and may find resistance to that gap So I don't know. It's got I think it's gonna be a trading range. He's exactly Now it's a nice one though. It's a big one, which is really cool. Yeah Yeah, so well listen man numbers is when they come in so we'll see how it goes It's always a pleasure Tim. You have a great weekend a safe weekend. We look forward to speaking in next Tuesday and Stay safe man. Thank you. Thank you