 Let's get over to our man Mr. Basil Chapman as we do each and every Tuesday and don't forget folks Basil does an outstanding show here every trading day, 10 to 11 east and standard time also has a great newsletter, the opening call. Now it's very easy to get the opening call folks come over to our website at TFNN, you're going to go into newsletters, you're going to see it right on the left hand side you get the opening call for one month for $149, you get it for six months for $6.95 which is a savings of $199 or 22% and you can get it for one full year for $11.95 which is a savings of $593 or 33%. Now they all come with a 30 day money back guarantee so you know no matter which one you pick you can pick six months you can pick a year bottom line if it works for you stay out to the 28 days that's great you keep it for some reason it doesn't you just cancel it bottom line doesn't cost you anything and just getting the newsletter itself folks okay Basil has about I believe there's 12 archives out there so you can understand how the Chapman way works and how we ride this wave each and every day Basil Chapman what's going on? Hi Tom how are you? I'm doing great man yourself. Very good thank you good and they're nice discussion you just had with Tim he got some terrific work for sure. Yes it's just different which is really cool do you know what I mean? Yes it's the way you analyze this great so I wanted to show you this chart yeah this is the Dow and there's a technique that I've used very often I've used it for years and it basically looks at a price that goes up and then it starts to come down and then it makes a lower highs and much lower lows okay all of a sudden it finds some support and it swings around it makes either a cup or a V-shaped pattern and it takes out that upper trend line resistance so I can expanding cone I see that yeah and if it does that it can have a strong move up we can even go back to the previous high so this chart here we're right on the cusp we're at this moment right here you can see and there's a technique that I developed years ago that I call Chapman inside track if it's on the if it's on the way up I call it the inside track repellent zone because once it breaks that and then becomes a propellant zone and if you see it on the way down in fact this I took it out just do it was getting a little messy which I would have had the two parallel lines here and this expanding cone there would be a propellant zone so everything about the Dow's low that was made on Friday between the I think it was a 27th the 20 let me just double check that I think it was the 20 I should know by now yeah it was a 27th that on balance volume give us a nice turn around the only thing that was missing for me was that the VIX index didn't go up into the high 20s and we didn't have a huge sell-off on that Monday morning to have a nice reversal in today that to me would have been a confirmation that that that could have been the low for this particular part going into the end of the year right of this particular point I think it's a low I've got a lot of information that says the way the markets moving the way the different sectors are moving this could this could hold very well if in the next couple of days any pullback holds about maybe a third of the way down on a pullback and then makes a new leg up that would be very positive so as I was looking at the market at the end of the day on Monday I said you know I love the action in some of the areas and I we've there are certain stocks that had fabulous moves and we just kept missing them because either they went up too sharply or it just wasn't quite what we were looking at the time but one of the stocks that I really enjoyed watching the movement move up and down and then the fact that it pulled back on that Friday and then going to the Monday was Microsoft. I had very good earnings. It's a Dow stock. It's an S&P stock. It's a NASDAQ stock and it's in the XLK which is the S&P select tech sector. So we were very lucky. We got this at 3.38 the next Tuesday. Nice Basil. Great move. Yeah and it's trading at 3.61 but what I really wanted to show you is some of the techniques that I use. This is what if anyone subscribes to my newsletter or goes to those webinars that you were talking about referring to all the techniques that I discuss in detail. One of the things I look at is there's a pattern that we call the dreaded H. One of the reasons I call the dreaded H is that you get a straight line up, straight line down, you get a cup formation, you get an arch formation. When there's a mix it's red because when there's a mix and the rally goes to a peak A or a B and then fails and takes out that left side low that can be very devastating and we've seen that. I'm just using Microsoft. You can see these arches. There's one that turned around but what's really positive about this particular pattern and that's another reason why I said if this works out this could be really good is that when this H takes out the left side low but immediately turns around and the technical starts to improve. If it closes even one bar above the arch high that says it could go all the way to the left side high. Well, look at this. We got in just over there and look what happened. It made an arch that's the dreaded H but this one was successful because the rule of this H pattern is that within two maybe three bars but usually like a two bars it must close above that left side low and then you've got to see the technicals give really good signals. So in the weekly chart you can see there's this little H pattern, little arch, peak D was in the chat we were always looking at peak D. That's the fourth highest peak. That's where other things can happen. Your objective is to get to a peak D and in this particular instance look what happened. It closed above the very week we got in. It closed above that arch high. Yes. So that immediately says to me 366.78 would be the target but because the monthly chart is in a rising trend there's a chance that it just gets into this inside track on the upside. So if you go just a little bit above it and then we'll see what happens. That's where I expect some kind of a digester. So we're at 361. We did it at 362 today. 366.78 that area is then there's another technique that I use where I try to find the midpoint. I call it the plum line and that's where the number of bars on the left side from the high to the low should equal the number of bars on the right side. Well sometimes the pattern is very obvious and sometimes it's not. In this particular instance I use this little peak right here as my the number of bars on the left side to the number of bars on the right and that takes you to this week, maybe next week but on the usage of my techniques where I use this dash green line I call it the Chattanooga inside wedge target resistance line. Everything lines up that this week we should get really close to the 366 level. So there are a whole bunch of techniques that we were using and this is the first time in a long while that the I have to wait for the end of the week but so far the MACD is cross positive. I needed to see that and there's another technique that I have I've had webinars on where the nine-period moving average is above the 14 and as long as it's holding it can keep you in the tray for a long time. So look it never did I wonder if I can do this I'll do this real quickly now look here yes my chart I'll go to the weekly I can get out of that one here. I don't know if I can find out there it is. So in this particular instance if I'm looking at just click click I'll go to Microsoft click it and I'll press weekly chart and you'll see here's the green moving average and that green moving average didn't go pink it's still green. So that's another technique that I like to use and this one so far is working very nicely. And folks it's very easy to get Basel's newsletter come over to our website at TFNN you see right at the top newsletters you hit newsletters it's right on the second one down opening call hit it new afteraces. Basel have a great one safe one we look forward to show tomorrow. Thank you very much. Every Tuesday and Tuesday Tim or