 It's a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Let's go to Alan Tamp. Hey, Al, what's going on? Oh, it's a beautiful thing. I mean, if your listeners don't get the gold report, they're missing out. I mean, with your gold report, you just print in money. I love it. You're my best dad out there, Al. Let's go to Jeff in New Jersey. Hey, Jeff, what's going on? Great. Hey, listen, I was calling to thank you. A few weeks ago, you were prompting on your show to fill out that $10,000 grant. Yes. So I filled it out, and just a couple days ago, I found $1,000 in my business checking account. That's awesome, man. That's awesome. Yeah. Oh, it's to you, because if it wasn't for your prompting, I would have just assumed no way I would have gotten anything. So I wanted to thank you. No, we appreciate you growling a problem. I want to see it. Now, Tom O'Brien. Hi, everyone. Basel Chapman sitting here for Tom O'Brien on this Thursday, the 16th of November. It's very interesting when you think about it. Look, the dowels down 124,000, 34,866, after a move that went from 32,327 to 34,868. That's 24, 2,400 points. All we've managed here is that at a very, just on a purely technical overboard level, we've pulled back. But basically, it's only pulled back because Walmart is down. Sharpie is down 8%, down 14 points at 155. Most of the other dowels stocks are not doing too badly. You've got a couple of, I'm just glancing here. Travelers is up. Let me just check. It's up a little bit. Most of them are up a little bit or down a little bit. So let's go on, because I'll first show you this. If for those of you who are not used to my work, I do the Tiger Technicians Hour every market day, 10 o'clock to 11. That's Eastern time. In the Chapel Wave Methodology, and I have a newsletter called The Opening Call. And I look at this, you just get a starting point for whatever price you're following. And if it makes a peak A, the first peak, and then pulls back and holds the left side low and then keeps going higher, very quickly, it should go from a buy signal to a buy mode. The implication is that you should get at least four higher peaks going to the peak D, A, B, C, D. You can go E, F, and G, but D is your objective. And that's also where you can get your sharpest decline. Look at this chart right here. I'm showing you here's travelers. There's a peak D above the 200-period moving average. Look at that sharp decline. Now it's peak A, peak B, peak C. Another D we're gonna be watching this closely. So let's go back to the charts and I'll explain the reason why I showed you that is that the Dow is in a buy mode. The stochastic is on the left side. This is the daily, this is the weekly, this is the monthly. The daily chart has got a very strong stochastic. Above 80% is good, above 90% is fabulous. Above 95% is just perfect, especially if the stochastic remains flat. If it just bounces up over 80% and then fails, be careful. But this is at 96%. The on balance volume, the blue line is good. The little gray line, the relative strength is good. The nine-period is over the 14-period and the price is way above. And we've got a left side, right side, price-time match to that midpoint right there in October, which went almost to the day to break above the high that was made back in September. And here you are with 34,868 as the high yesterday, pulling back a little bit. And as I said, Walmart is a fairly big part of that, although it's being ameliorated by Microsoft, which is up, Microsoft is up six points at an all-time high, trading at 375.78. See, this is what's happening in this market. Whenever something speaks, something else takes its place. When everything's something strong, you get a little bit of a pullback from something that's weak. But look at this cup formation. It's broken out very nicely. So Microsoft is leading and you've got other stocks in the Dow that are playing catch up, but you've got a couple of leaders that are really counting. S&P, which also has Microsoft, is up. It makes an all-time high from 4103, October the 27th. And we're going to have Tim Ordon at the half hour, who made a fabulous call right on that Friday. And look at this, the S&P's gone from 4103 to a high yesterday of 4521. I would say that a 518.2 rally is not bad at all. And look at this slide, it's almost like, do I have to pull back? Okay, I'll pull back a little bit. But then very quickly, we should go to a leg C. A leg C will be one penny above the high of yesterday. The QQQ, it's the same story, QQQ. Now, Microsoft's in the Dow, Microsoft's in the S&P, Microsoft's in the QQQ and the XLK. So look at this, we're pulling back a little bit today. 387.75 is the high of yesterday. It went above the high, just barely above the high of 387. I think it was, did it make it 387.98? Oh, it hasn't broken above it yet. The high of the week of the 21st of July. So it's acting extremely well. IWM, IWM is a Russell small caps, it's a Russell 2000. So we've got the daily chart right here on the left, weekly chart in the middle and the monthly chart on the right. You can see them going from the right. That arch formation says, wow, there's a lot of work to be able to use that as a bounce off point. The arch formation here in the weekly chart says, well, there is a very nice bounce, but the 200 period moving average once again became a very important level and got repelled in the daily, but in the weekly, the daily is the same thing. PG pulling back a bit today, down two and a half at 176.33. But the technicals are starting to improve a lot. And that just says that IWM should try its best over the next week and a half to get to the 184 to 185 level. Now we need to go to the gold. Gold was plus 22, so it's still plus 22. Now it's plus 22.1 at 1980. Has it closed down or something? It's been at this level for almost all day. But you see this pattern here, I call it the falling axe formation. It looks like the axe handle right here. Let me just show you the chart. This is one of the techniques we use in the Chapman Wave methodology. Look at that. It goes straight up, suddenly stalls, makes a little highs and much lower lows, and all of a sudden, finds some support and tackles that declining expanding cone resistance. If it can break above it and hold, that's gonna be very positive because then you start looking at the left side peaks to challenge. Well, if we use that same analogy right here, you're looking at if gold's able to close, I prefer not just bounce, but this time I'd like it to actually close above, I'll make it 1998, preferably get into the 208 area. If it can do that, then it's gonna form a V shape or a cup shape formation trying to get to the next high, which will be in the continuous contract of 2011. Key support, a lot of support here at the 1969 to 1960 area. But silver was a screamer. Look at that. It bounced way above the 200 pre-moving average in a way it's leading. Now the question I don't wanna get into this now, I'll do it tomorrow in my show at 10 o'clock. It's Tiger Technicians Hour with Fridays, the Chapman Wave analysis. We do think it's a little bit more detailed. Is this E or A? Well, that's the big question. But in the meantime, it's acting very well. The Magdy's good. Stochastic's lagging a lot. And the weekly shows you it's got a lot of resistance in the weekly chart about 20, just right on 24. So far it's acting well. I'll be back because we wanna talk about bonds and the bonds are up to date, up a point. We'll be back. Basil Chapman City's Patonga Bride, dials down 138 S&P's down too. See you in a few moments. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, Forex, stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence Forex markets tremendously. 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And now they are expanding their reach with the Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. So it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Toe-free at 1-877-927-6648, internationally at 727-873-7618. So folks, if you're looking at the TLT, the TLT is the I-Shares Treasury 20-Year Treasury Bond ETF. The loan that was made way back, I have to squeeze this monthly chart. Here we go. Way back in 2010 at about 87.30, we had this huge move to the upside. At that point, it felt huge because it went from 87 to 143. And then it pulls back to 111.90. Now those are continuous contracts and don those prices probably changed 143.62. Oh, good, the prices are the same because when it gets smoothed out, the prices change. And then it came down, held 111 and went all the way to 179.70, March of 2020. That's where we got the fantastic turnaround in the stock market because bonds made the top. And that top came with lower lows, did the H pattern called the dreaded H because this arch formation at a peak A or B, if it fails, as it did there, takes out the left side loan. In this case, 133.19 from, I think it was January or so of 2021, that can go much lower, which it did. And it kept making the same pattern. The last one went to a lower low and it went, do you remember 87.30? Well, 82.42 was the low. So it actually took out that low, the key support level. So we haven't, we've just barely got back to that, that low of 87.30 back in 2010. So it says to me that in the bigger perspective, we'll be making lower lows and lower highs. And this is the first time that you can see that this on balance volume blue line in a monthly chart has given a really good V-shaped turnaround. And that just says, it doesn't mean to say we've made the low in bonds and yields are making their high. It says, there's a chance that at this particular point, especially with this W formation in the monthly chart of the TLT that you could start to see and it goes back to the daily chart that if there's a break above 91.50, get into this area right here, then all of a sudden, you've got yourself a very nice move, because it's going above the 14 period exponential moving average, but it's a process, it's gonna take quite a while. Let's see, I just heard, I heard a ping. And we have, I've been waiting for this for a long time. We're about to have Tim Ord. And of course, you know, Tim gets interviewed by Tom every Tuesday and Thursday, I've been listening to Tim for a long time when Tom and Tim used to discuss the market back in early 2000s, I would be listening. So I'm gonna just quickly go to this chart and I'm going to say, hi, Tim, how are you? Hi, yeah, first time we ever talked, I don't think I ever talked to you, so. I don't think so either, but I've listened to you for, well, since the early 2000s, and I remember I used to be out on the Newton North tennis court with my friend and at about three o'clock, and I'd have my little portable radio and I'd be listening to you being interviewed by Tom. I'd be playing tennis with my friend Jake and soon after that, I became a host here at TFNN. So it's wonderful. I want to put your charts up right now and I want to say Tim has a newsletter called, there we go, The Ord Oracle. If you want to just tell us briefly about it because I know you want to go right to the charts. Just if you want to start us off with that. With the Ord Oracle, or you want to start with the charts? Just exactly how people can reach you at Tim. Okay, yeah, I have a website, www.ord-oracle.com and that's where my website is. So I do have a Twitter account or I think it's at OrdOracleAllOneWord.com. Other than that, I post some stuff around stock charts every, I think Tuesday and Wednesdays sometimes, but so not a lot of stuff out there. So I don't advertise a lot, it's mostly word by mouth. So we can actually move on to the charts if you want to. Great, I've got chart number one and if you'd like to start with that, I'd love to hear your analysis. All right, anyhow, I'm going to look at the bigger picture and take it down to the smaller picture. And on the bigger pictures, things have to happen at significant lows. And this chart kind of goes back, I can go back further, but the further you go back, you really can't really see what's going on. But one of the requirements is for the top windows, the McCullin Oscillator. And what you need for a bottom is basically a selling climax, then right after it, you need a buying climax. And there's different degrees of time far as their smaller buying selling climax and there's kind of intermediate terms selling climaxes. So we're going to go through those. And this is the summation index, or no, this is the Oscillator one, which is the top window. And to get a selling climax on this indicator, you need to follow below minus 300. And the red lines across this chart, this chart goes back to 2000, mid-18, 2018, and going forward. And so it picks out, identifies all the major lows that happen. First, again, you need a selling climax, which is a minus 300 Oscillator. Then you need a rally right after that to a plus 300. And once you get that, usually you're looking at a midterm low. This picked out the 2019 low and also the COVID low. You had a selling climax to a buying climax. And in the current timeframe, you actually had two selling climaxes and two buying climaxes. You had one in October of 2022, which pretty much came at the exact low. And you had another one in the April period, where the McCall and Oscillator fell below minus 300 and then rallied above 300. So that spurred out, so intermediate term-wise, the McCall and the Oscillator has gained bullish signs. How long can these rallies last? Most of the time, they're at least multi-month and sometimes they're multi-year. So since we got two of them, the current rally could go on for a while. We'll have some consolations along the way, but in general, it's a bullish year midterm sign. It's chart number two. Okay, I can try this, chart number two. And this is the chart that says New York Stock Exchange, McLean Summation Index, and the confirmation of the bottoms and the tops, yeah. Yeah, okay, this chart goes, this is Summation Index. It actually, this is a little bit bigger timeframe than McCall and the Oscillator. This is the Summation Index, which is the Oscillator added together, I guess you might say. So I went back further in time on this indicator, went back to 2007. And the same things happen. You need a selling climax to a buying climax. If you notice all the way to the left there, there's a shaded area. Yes. And to get a selling climax on this Summation Index, you need a close below minus 700 and that shaded area shows the time you got down below 700. But what's missing here is a sign of strength or a McCall and the Oscillator Summation Index rather above plus 1,000. So just before, yeah, right. So that's a real take a break. I'm sure everyone like me are just totally fascinated. We'll be right back with Tim Ward down to 111, thousands of chapters sitting in Potomac, Brian. We're on with Tim Ward. We'll be right back after these messages. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up down sequence gives you an edge in identifying price turns, finding the peaks and valleys and stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. 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Watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be, tfnn, educating investors. Don't forget, you can listen to tfnn live on your mobile device 24 hours per day. Go to tfnn.com and hit watch Tiger TV. That's tfnn.com and hit watch Tiger TV. Hi folks, it's a thousand shop here sitting here for Tom McBride. We're on with Tim Orr. Tim did a fabulous workshop just the other day talking about, I think it was the six most important technical tools that he uses. He's discussing some of them right here and we're on to chart number two. So Tim, if you can continue. All right, chart number two way out of the far left corner, in other words, this is like the 2007, 2008 decline. You need the summation to default below minus 700 which is a selling climax. Then you need a buying climax on this indicator to reach plus 1,000. This whole thing should take two months or less. If you know that you got a bunch of selling climaxes going down into that 2008 low but you never got a buying climax until actually the bottom happened. So you have to see a sign of weakness then you have to see a sign of strength. So that decline, there was never a sign of strength so the market kept going down and capitulating I guess to the downside until the downside was exhausted then you finally got a sign of strength. If you go over into the current timeframe here we had a selling climax actually that's the blue line this time around. Back in looks like about October of 2022 then you got a buying climax. I think the red one that was probably November, December of 2022. So that pretty much marked the bottom. What's interesting here on October 27th of last month we got a kind of selling climax. We had a summation deck that did get below minus 700. We got 800 minus 800 something. And so now if we may get another buying climax or a surge here, a sign of strength which needs to happen within two months of October 27th which would be December 27th. If we get to plus 1,000 that would kind of be a double whammy here far as the bigger picture or the bigger wind. So about a double whammy, an upside whammy, right? For the upside, for the upside that is, yeah, correct. Right, we hit October 27th we hit like minus 800. So two months at that is December 27th if we see plus 1,000 that would go well for next year. There's mostly signals are around, they're multi years but most of them are at least a year most time longer. You can see going back, they all came at major lows and get two in a row is pretty rare. And what that means is I think kind of adds to the picture. Well, let's do it, I don't know, we'll have to wait and see. But it's in the cards. And chart number three is? Yeah, chart number three is kind of a short-term picture. I do some stuff with the VIX and the bottom window is the VIX. And normally if you're below 17, a lot of times the market's in the trending mode and that's that shaded pink area. And right now we're around 14 or so and the market's going up here and what I look for is divergences. The middle window or the second window up from the bottom is the SPX VIX ratio. A lot of times this ratio will diverge. In other words, the SPs will make higher highs and this ratio will make lower highs. And if you go back in time, you can see what happened. Matter of fact, going into that late 2022 high, the SPs were making higher highs and that ratio was making lower highs. So that was the first, it's one of the reasons why I got out of the market because of this. And then in April of this year, the market was kind of trending sideways around that 40, it looks like about 41, 4200 on the SPX and this ratio is making higher highs. That's a bullish situation. So the market broke out to the upside. And right now, we really don't have any vergences to speak of other than there's a positive vergences because the VIX is below 17, suggesting that the market's in the trending mode. But far as the SPs, we haven't really touched a previous high yet. And the SPX VIX ratio is not really confirming or denying is, I just wanted to point out, it's not really saying anything bearish here, but it's not saying anything bullish either. But it's, at the moment, I see no really bearish signs here. So it's a kind of status quo and the last signal will remain in effect. Is that kind of how you see it? Your idea, just, you know, we had a pullback which I did get out of the, out at the July top and I got long again at that, actually the day at the bottom, which is, I think over 27. I remember, that was terrific. Great time. And I've been long since and I don't see a reason to be out of the market. If you want to go to real short term, let's go to chart four real quick. Got it right here, yes. All right, this is really the short term. It kind of, this is the second window down from the top is the SPX tilt ratio. So it's a SP compared to the bond market. And the top window is the RS, 10 period, 10 day RS high for that ratio. And when the ratio goes up too fast, which is all those blue lines across the chart here, which is, which means the RS high is above 70, normally you get short term pullbacks. And I just want to point out that even though this market just screened up here over the last couple of weeks, this ratio pretty much stayed around 50. Yeah, it's already moved. Yeah, so it's a little bit unusual. So it's not really showing any signs on this relationship to be overbought or anything. So, you know, can the market go down? It doesn't pick out every top. But I guess when it does give a warning, that's usually pretty accurate. So, and right now, you know, again, the market just screamed up here and this ratio has stayed pretty much neutral staying around 50. So I'm not sure your base is here. This doesn't seem to be any, yeah, I guess any fear with this ratio. So another reason why I'm kind of hanging along. We can go to chart five real quick. Four or five is everything. Got it. There it is. All right. Okay, the top window is the SPY VIX ratio. If this ratio is going up along with the S&Ps, which it is right now, that's usually a bullish sign. If you look back at the, going into that July high, you notice the S, which is that circled area right there with a pink area. The SPs were going up and that ratio was making lower or higher lows and that was a divergence. And so it's suggesting that row, he's not going to continue, which it didn't. And so that was kind of a warning sign. And matter of fact, you can see, go back to the other light blue area back in that February to April, May period, the SPs were going sideways and this ratio is making lower lows. And that was a bullish sign, excuse it, the ratio is making higher lows. And that was a bullish sign, suggesting the row is going to go up. And right now, which is way to the right and there's a boxed in red square area. There's no divergence here. S&Ps are going up and this ratio is going up. So to me, there's no real danger here, at least not yet. So. That's great. Well, I think we've got a break coming up. If you would like, we can do, I'd like to come back to do the final one, chart number six, could you hold on? Yeah, we can do that. Great. We'll be back folks, is now down only 86 and the S&P is just flip positive to a plus two and we'll be right back at 45, 20 level that I spoke about for the E-mini is just being touched. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them, using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30 day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN Educating Investors. Biotech is booming, but for how long? Whether you think the Biotech bull has room to run or has run its course, trade LABU or LABD, Directions Daily S&P Biotech three times bull and bear ETFs. Visit DirectionInvestments.com slash Biotech today. An investor should consider the investment objectives, risks, charges and expenses of the direction chairs carefully before investing. The Prospectus and Summary Prospectus contain this and other information about direction chairs. To obtain a Prospectus or Summary Prospectus, please contact Direction Chairs at 866-476-7523. The Prospectus or Summary Prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. 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TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den, available to all tigers and tygruses for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Hi folks, we're back, buzzing chapters sitting in for Tom O'Brien and let me get back to the charts. We've got some odd on the line and I just, I had it right here. There it is. Okay, so till we've got this last chart and this is a fascinating one because it's got the RSI for inflation deflation ratio. Right. Okay, this is a weekly chart goes back to 2015. And this is Marty Pring. He created this inflation deflation ratio. He's an old timer. He goes way back when. So I miss with this inflation deflation ratio on the daily. It doesn't seem to say a lot on the daily, but on the weekly, it really kind of shines here. But anyhow, all I did was put an RSI to this inflation deflation ratio. And every time that ratio got below 30. Just want to say that's a relative strength indicator. So just wanted to clarify that, yes. Yeah, yeah. And it's running out. If you notice, these signals are pretty rare. You get maybe one a year. Sometimes you go like 2020, 2022 you got, well you got, that was a two year period. You get maybe one a year and there's only one failure. That failure, no, that was a high. Actually, there's really no failures in this. We did have two of them in 2016. You got one and it went market flip sideways. That's way to the left of the chart. Then you got another one later in the year then the market just screamed up for about six, seven months. But you know, last week, the RSI of this ratio closed at 28 and changed. I don't remember exactly what number it was, but you need to close below 30. Then you need to close above 30 to get the signal. And we did close above 30 last Friday at 28 and change. And right now, I did this chart earlier today, we're at 37 on the RSI as a weekly chart. So you need the weekly to close above 30, which is tomorrow. So most likely this will be triggered tomorrow. And all the blue lines across the area there are when that cell signal triggered, is it perfect? It comes off of close to the lows. Actually, the one on the current situation probably came in October, but we're not gonna get the signal until November here, which is fine. But we're pretty good signals in the past. And sometimes when the RSI gets above 70, they can pick out short term or even at term highs. And that's the red lines across the chart shows where those signals are indicated. But anyhow, once these signals are triggered, they're usually multi-month, if not longer. Oh, that's very exciting. Good. Yeah. So what this suggests, we're gonna have a multi-month rally that probably will last into next year sometime. So again, these signals are pretty rare. Yeah, maybe once a year. And we're getting one right now. Well, tomorrow we may get one. So unless a market crash is just something, I don't think that's happening. And just briefly, I'd like to touch on this. You've got the XAU weekly and you've got the GDX weekly. Yeah. And that's where those signals occurred on the blue lines there. So, you know, they're pretty good. You know, there was, I mean, if he just picked this signal and nothing else, you've been pretty good. It does a lot better at bottom, seem like this indicator, when it does go down, it goes down really fast and that's how you get the signals going. It does okay at tops, but doesn't really time, you know, if you look the red lines there, sometimes they came near high, sometimes they didn't. But they all came at least consolidation phases. So, for instance, we do get a signal here tomorrow. And your rally really strongly here. It will consider, and the RSI gets above 70. It will warn you at least you got a consolidation coming. That'd be a multi-week consolidation. Will it be at top? That's not necessarily true. That's not making it later, but it's a good indicator. Nobody uses it. And so, coming out tomorrow, you know, probably the big blow came in October and we had some actually signals of different method coming in there. And this looked like it was gonna be like a double bottom boat. We looked through the far right of the chart there. We're just making a higher or low. And so this pattern, it kind of looks like a head and shoulders bottom on GDX and XAU where the neckline on the XAU is probably right around that 117 area. And on GDX, it looks like the neckline may come right around close to that 30 area. So that's probably what's gonna happen here. So we don't have it shown too, but the bullish percent index for the gold miners index is also rising. It's with minus 10 here, about a month, or not minus 10, but 10. In other words, 10% of the stocks in the gold miners index were on buy signal. Now it was a couple of weeks or about three weeks ago. And currently there's about 25% of the stocks in the gold miners index are on buy signals. So that, which you need to happen, you need the bullish percent index to rise to really get a strong market because as more stocks become on buy signals, the more stronger that index is becoming. And that's what's happening here on the gold miners index. So a lot of stocks are flipping to buy signals on this rally. So that's another bullish sign. So how good it's gonna be, I don't know, but it should be at least a multi-month rally that you know, probably go to April, May. With the dollar pulling back, that's also helping gold, and gold seems to have led and the GDX seems to be following. I personally like to see the GDX leading gold, but I think it's playing catch up for sure. Yeah, actually I watched that ratio, the XAU to gold ratio or the GDX to yield ratio. You know, it performed dismal here over the last couple of months, or last several months. Actually over the last six months, it just really hasn't performed at all. And maybe that tie will be turning because most bull markets, the gold stocks lead the gold. And over the last several months, that's not the case. Gold's been leading outperforming the gold stocks. And that needs to be reversed here. So I kind of watched that ratio real close. And the ratio is like, you know, all-time lows. It really can't get any worse than where it is. And so a lot of these penny stocks at some point are gonna turn into, you know, I think dollar stocks at least at some point. That'll be very exciting, right? Yeah, I don't know if that's gonna happen or not, but the last time something like that happened was basically at the 2000 low in the gold market. I think the exit was at 44 or something. All the way up. So maybe we'll get lucky and this time around, we'll have to wait and see. That'll be very exciting, certainly. So Tim, I wanna thank you very much. I've been waiting for a long time to be able to have a chance to speak with you. It's a pleasure on my part. Thank you very much. And fabulous work. And I know people who did the workshop really enjoyed it. And that workshop folks is still up on the archive. If you wanna look at it, really appreciate it. So Tim, thank you very much. And Tom will respect you on Tuesday. Have a great weekend. Thank you. Thank you. All right. Folks, we'll be back. Dolls now down 63 in the S&P's up five. Very good turnaround. We'll be back. Are you ready to take your trading to the next level? 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First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. tfnn.com, educating investors. Don't forget, you can listen to tfnn live on your mobile device 24 hours per day. Go to tfnn.com, then hit watch Tiger TV. That's tfnn.com, then hit watch Tiger TV. Hello, so let me just show you this because if you're interested tomorrow in my show, 10 o'clock to 11, Tiger technicians, I'll do it live. I'll show you how these patterns work, how the particular moving averages can keep you in a trade much longer than you would expect. And also in Chapman, we've always looking for a peak deal. That's where other things can happen. You look, here's a peak deal, there's a one minute, a minute chart went up, up, up, went to another peak deal, now it's stalling, but you're only at a C in the 10 minute chart. Is it still gonna do that overnight? We'll see what happens. So the question comes in, where exactly are we? So then let me just do the summation real quickly. So in the TLT, if the TLT, the bonds as Tim was talking about it as one of these tools, is an 89.56. If yields can come down further with bonds going into the 92s if by about Wednesday of next week, if 92.50 is hit just even once, that's really important to be the first time of the 14 period exponential moving average has been pierced since it went negative way back. Look at that. Since, oh my, since May of this year when it was up in the 106 area, and here it is at 89. So that's gonna be very important at 87's key support. Looking at the Dow, this is gonna be a peak B. I don't know what we can do in the next few minutes but it certainly won't make a new leg to the upside. So this is a peak B, I'm expecting a higher leg C than a peak C and then a higher leg D. And then we have to do your analysis and say, can we continue? Is this a time for a deep breath, a bit of a breather? We'll see what happens. S and P exactly the same thing. Days young, we've still got a few minutes to go but I don't think it's gonna get to yesterday's high. So this could very well be a peak B. If there is just a nominal C above both the Dow, the S and B and the Q's, just like a here above yesterday's high in the next day or two and then it pulls back. That's where you gotta be careful when you go quickly from a B to a C but it's only a minor pickup but it's a quick C from a D to an E. That's exciting. So I'm expecting higher highs going into next week. A very good support at this particular point. And I'm just gonna say have a wonderful rest of the day. Basil Chapman sitting in for Tom O'Brien. I'll be back for my show tomorrow at 11, check out my opening for my daily newsletter. And we will see you tomorrow.