 Hi everyone, Basel Chapman, sitting in for Tom O'Brien and Tom is brought out this afternoon. So let's just go through this. I'm the host of the Tiger Technicians Hour, new to 1 p.m. Eastern time each day. I'm also the author of the opening call, very comprehensive daily newsletter. Now let's go to the numbers. The dial is up 20. This is really interesting. Why? Because I like to look at the technicals. I like to look at the moving average, convergence, divergences on the left here is the daily chart in the middle is the weekly on the right is a monthly chart. And that may be a start to pull back and it's flattened out. And very often what happens when it flattens out like this doesn't have to happen this time. But this is what often happens is that it's got this little dolphin look and this is the snout. And then it starts to pull back. The stochastic I love to see over 80%, especially over 90% isn't 74%. So it's weak. But we are looking at a couple of moving averages that I consider to be very important every webinars on them. I had a webinar just a week ago discussing them. Look at this. You see this green line here. This is the nine period exponential moving average. And the black line is the 14 period exponential moving average. When we got to that peak, at 28,090 in the down the 19th of November, anticipated we would pull back. We pull back under the green line, touch the black line, the 14 EMA. And the manky start turned down stochastic turned out just a 10 on balance one in the blue line. This is the cumulative counting positive on an update, the number of shares on the New York circuit change or the number of down, sorry, on the Dow or the number of down shares you take them and subtract it. So it's a cumulative total. And that gave a heads up to say we're making a peak E in this fifth highest peak in the unbalanced volume. Be careful. Well, everything pulled back, but those lines were so strong. And instead of doing this, let me show you the QQQ, the NDX100 typed in over there, QQQ right here, where it looked like this was going to turn down and the technicals were even weaker. We've seen buying come in. Now buying could be the rumor. It could be talk of trade. It could be anything. It doesn't matter. Whatever it is, the price is moving up as the technicals are failing. So on a short-term basis, you have to look at this and say, that is positive. There's no question about it. If you look at the game to go to the SMHs, which is a semiconductor index trading down 28 cents right now, 133.36, you'll see that when it made its peak on the 15th of, let me just double check that he's the 15th. Yeah, the 15th of November at 135.26, all-time high, and it started to pull back for three bars. Look what happened. The magnetic crossing went flat and then crossed negative. The stochastic went flat and then started to cross negative. Unbalanced volume turned down and the prices pulled back quite sharply. So in a sense, I don't want to say this is an aberration. Sure, it happens. And I want subscribers to open and call that. Yeah, we're looking at the downside, but you've got to respect this moving average, especially the nine-period, because we haven't closed. The nine hasn't closed below the 14, and that's what you really need to get an acceleration to the downside. So put it together. What we're looking at is, is this little doji potential doji candle for a close at four o'clock today? Is this going to suggest that if there is a close tomorrow below the low of today, 28,042.21 in the Dow, the S&P will be, the S&P is the low today so far is 3,131.00. Round number, that's interesting. The close below that would suggest, yep, we're starting to pull back a little, but it doesn't say you're getting to a cell signal, it just says be careful, because then you can start to pull back and you can see a deflection in the MACD to the downside. So these are all the things that I'm looking at. Let me just give you the parameters that I'm looking at here, also on the QQQ, the NDX100, which in the weekly chart is still learning your legs. See, that's very positive. So it's the monthly, oh, let me just explain that for a moment here. Let me just slide this across. In the cabin wave, what we like to do is we like to, in the methodology, we like to identify the lowest low bar, and then count each successively higher peak, alphabetizing them up a case on the way up, lower case on the way down, sequentially from A to G. But it's at peak A, peak B, peak C, and then the fourth highest peak, peak D, that other things can happen. You'll see how many instances we've had, peak D, where you've had a pretty major decline. I'm only looking for three patterns, straight down, straight up, arch formation, cup formation. Yes, you can get a mix of the two, it's still the same thing. Look, down, and then it makes an arch. And if it takes out that left side low, that's called the dreaded H, because you can keep going lower. And on the other side of it is the green. If you, in the reverse Y formation, if you take out that left side high with good technicals, you can go higher. In fact, that very pattern, peak A, peak B, peak C, you can see each one of these is like a Y, then another extension, then a Y, the cup formation, except it looks like a V. But it's the same thing. So the principle is very simple, three patterns, straight up, straight down, arch, cup. All right, that's one. The other thing is I look at moving averages. This is made up, the MACD is made up of moving averages, so is the swastikastix, and on balance volume is just a totalization of up and down one. So now let's go from the dailies. Look, the weakening is still very strong. We made a peak D, very sharp pullback late July and to August. Then you start up again, down some legs, see, that's very good. That says at 204 in the QQQ, the nine-speed moving average in the week is 19860 and 19614 for the black 14 moving average. And the MACD swastikastix 97.29, that is 2.71 away from 100 and it never gets to 100. So this is really strong. So what it says is there's a good chance that we will have a consolidation sometime very soon and that there's a chance that the QQs could go back to where it was just a week and a half or so ago, could start trading in between 201 and 199. They're not a big deal at this particular point, but it'll be a bit of a surprise, it'll be a breather. So I'm going to do that and then I just want to show you something else as we're about to go to breaknya.x, this is the New York Stock Exchange, all-time high, January of 2018 at 30,635, goes to 10.723 in December, comes all the way back to the days are 35, 32, still under the all-time high, but close. I'll be right back, we'll talk about the monthly charts in a moment. That's a tip.