 Basil Chapman, what's going on? Well, what's going on is we've got new record highs. Yeah. Isn't that something? But you know what's interesting? There are a lot of things that you were talking about a few moments ago, which I think I'll follow up on because they were really good points. What I want you to quickly show is, look, remember, we had discussed this some time ago, we said it's interesting that the IYT, the iShares Dow Jones Transportation Average Index Fund, had been such a huge divergent, it made an all-time high back in May at the 287 level, and then it dropped down to the 240s. I mean, that's a pretty big move, and that was a divergence, as the Dow was really close to an all-time high. So Dow theory basically says, when you confirm a new all-time high in the Dow, if you have the IYT, if you have the Transportation Index, also doing that, that's just a really good... Actually, there's some more complicated ways of looking at it. I used to always think of it as just it's really nice to see, but so often that it happened over the decades, it was close to where the market was about to turn down. So I didn't ever treat it as Dow theory per se, but it's a nice way of looking at the market to say, well, if the whole area of transportation, of course in the old days, they were really talking about rails, and then they started talking about trucks, but it isn't anything as complex as it is today, that it was really very important. But it's nice to see this rally from 241 back in mid-September to today's high of 272, it actually hit 274 in the Transportation Index. I just wanted to point out that that is a good sign, so this is such a fast... You knew what's interesting about this? So check this out, man. I mean, this is wild, folks. All of us, I'd say, that we think things have changed over the course of years, right? Because remember, I mean, you and I talked about this like almost four or five years ago, okay? Yes. But guess what? Dow transportation is the biggest thing out here. I mean, we... Right? Do you see what I'm saying? That it's like, okay, if we don't have transportation, we don't have anything. So it's like, man... Nothing, right. You know, that gets really intriguing, man. I mean, you know... And yet, it's not the rails anymore. Now it's the trucks. Yes. In fact, it's not only that. You have to include shipping, but shipping's not part of this. It's air freight, which is. But the shippers are the ones that are holding, hold this cargo. In fact, in 1973 or something like that, my wife and I and our son must have been a little later than that. We're on our way to South Africa. And I decided that instead of going as directly as possible with a young child, it'll be good to stop as many times as... I don't know what was in my mind. As many times as possible. So we went pan-am. It was like taking, you know, when you're on the highway, but you make a mistake and then you land up going on that main road through all the towns to the same place. Yes. Anyway, we stopped. And on the way there on the Gulf Coast, that's the Gulf Coast of Africa, that's that bulge that comes out on the west side. That's Ghana. That's, yeah. Right? Okay. So I'm looking out the window. I love windows. I always like to look at the clouds and everything else. And I'm looking down. And I... You know, Route 128, it's now 95. A road from hell. Yes. A road from hell. So that's our highway that is like a cup formation around from the coast, the north coast to the south coast in the Boston area, the greater Boston area. Well, that can be hellish. So I'm looking out the window and I look and I see all these tankers and it looks like Route 128. Oh, yeah. So what was it? That was the oil crisis. And what happened is a number of these African countries had decided they'd made so much money that they were going to build and build and build, but they forgot that you needed the docks. So in the preparation, they needed all that concrete. They had to blow up some of those tankers because they had concrete in the holes that had been there for three, four, five months. So that's crazy. It's not interesting. Yeah. So now we've got the same thing except the shippers. It's a different problem. Right. But we've got the shippers out there. So that's going to take a little while. So when I saw this IYT, I said, hey, that is a good sign. But what I wanted to say is you were talking about the coincidence of, say, the QQQ. Yes. Going to almost, I always say parallel when you go horizontal, fund managers remember the previous price. What really intrigues me is when we get the diagonal channel, how prices keep bumping into a price and then get reversed. So we're only in legs C in the Chapman wave in the QQQs. There should be a pullback and that coincides with the S&P in the daily chart. That's leg C. And then in the Chapman wave, we're always looking in a buy mode to get to at least a peak D. So that says we're getting close. There should be a pullback for a peak C over the next day or two. And then there should be a leg D. And that's where we start to analyze and say, OK, is this where we start to see a deeper pullback rather than just a minor daily pullback? So we're not there yet, yet the Dow is in leg D. So we've got a little divergence there. The Dow's a little bit ahead in the notation. We are still long for subscribers to my opening call. Long front started from the low of last year, March the 23rd. Then we got the diamonds a little later on the 3rd of April. We've still got core position there. We've taken some profits off. But we also have short term. The last one was at 35,000 about nine sessions ago. So we've still got that long position. So this is very interesting because we've got us, look, the MACD strong, the stochastic is flat at 96% on balance volumes lagging. So that has room to go to the upside. So it's just fascinating to me because my gut is saying, we've got to have a pullback. We've got to have a pullback. But the tactical side of me says, no, just stay on plan. Wait for all these different events to unfold. And my suspicion is, at this particular point, it's going to have to be some economic bad news because any news that comes out, if the market just, like a water of a duck's back, if the market just ignores it, the market just, the buoyancy of the market is very strong. So it'll have to be something very negative. When we got that last sell-off back from the August 16th high in the Dow, 35,631, we had quite a number of events that really worried the market. But it really only went down 2,000 points. So it took time rather than price. I like to look at market's corrections as you can either have time, where it just goes sideways and a kind of rectangle formation and then breaks to a new high. Or you can have price, where it suddenly drops very sharply and then comes back or you can have a mix of time and price. So in this particular case, it wasn't so much price. It was more time and now we broke into new highs. What happens next? I really think it has to be some kind of economic situation that the market just suddenly starts to worry about. In the meantime, so have all these things. You know, great roundup, no doubt. And you know, we get Boeing tomorrow morning and for the Dow industry, is Boeing better do something, man, because Boeing's right at the lower end of its consolidation. So it's gonna be interesting. Listen, folks, really easy to get Basel's newsletter come over to our website at TF Finance. You're gonna see it right under Featured Content. The opening call. Look forward to show tomorrow, Basel.