 Now folks 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 and get his newsletter at odd or D hyphen oracle commas odd hyphen oracle Com Tim ord. What's going on? All right, since you over a couple of charts or actually four charts. We got him cooking. Yep Yeah, we want to take a look at the first chart, which is we kind of Started looking this probably a couple of weeks ago if not longer. Yeah, that's the NYSE summation index Which is the top window. Yes, and we keep talking about it back on October 27th You got a reading minus 817 and they blow minus 700 is the selling climax and The whole scenario for this indicator To trigger a bullish Situation ask go below minus 700 then in around two months to ask go above plus 1,000. Yep when it's done that I predict the bull market going forward. Not every day is going to be an update, right? But but it does suggest 2024 will be up and again on October 27th at minus 817 and This is Friday's close So it's not today. Okay, he's closed and we have 920.70. Oh my god unreal And today we got a good day, so we're gonna add more today Yeah, we're gonna add more today and plus you're gonna add more tomorrow, right tomorrow's at 27 Oh, he basically got two days to get you know is a thousand the exactly Magic number not really I mean yeah, I know I'm with you right 1050 would probably qualify for it So but it's around a thousand, you know and the last low was 817 it got below minus 700 So we started off with minus 813 And we're really rally to 920 so probably we've met the rules But officially I guess you need to get her up 1,000 and most probably that's probably gonna happen this week and if it happens this week then there's probably I don't know High percentage probably in the 90s that next year will be an up here and this chart goes back to 2007 and the blue lines show the times when this indicator hit below minus a 700 okay red line shows the time to hit above a thousand and if you notice They all came at major lows and we had this back in 2022 We got a October Low I forgot what it was. It was like about a minus blow minus 1,000 Then we had a rally into January and hit above 1,000 and hey So the summation index that was Sherman McCollum's deal, right? Is he the one that invented that sure? Yeah, Tom and sure McCollum actually his wife created it really Yeah, his wife is a mathematician Wow Sure wife and and so she figured out all this stuff and and Sherman You know I guess They both did it, but she was a mathematician in the family. I'll put it that way No, I know cuz going back like 20 25 years. I had Sherman on a few times then he passed the baton to Tom You know, right? Okay. Wow, man Yeah, and so it's still kind of a family affair. He has a Yes, Tommy has another son too that do stuff for the McCollum or the Okay, McCollum newsletter. So their whole family's kind of into it Yeah, the what the wife of Sherman is kind of behind the scenes and she's the one to kind of figure it out The numbers how this works and how cool as well You can look at the chart, you know, they all came at a major low. Oh, yeah It's amazing looking at this shot seeing how fast when it does happen that it can actually get up there I mean, it's it's But it makes sense because at those lows the markets cleaned out, right? I mean, that's that's that's cleaned out. Yeah, and see what do you need is, you know That's the finest drink off these lows. Yes, you look back at the 2007 decline there going into 2009 low you had a bunch of selling climaxes readings below minus 700 But you never had a sign of strength off those lows. So the market just kept going down, right? So, right, so you have to have the sign of strength to really confirm There's enough, you know buying pressure in the market to say yeah, we're in a bull market And so it does appear that and so, you know next year is election year or two Yeah, so yeah, most likely you're not going to kill the market, you know Yeah, well interest rates are going the right way that I mean, that's you know, I can I can see I mean interest rates You know we're on the other side of the cycle and that's a big deal man because you know the cost of money is is everything for You know not only public companies but for you know Families businesses of cities states all of the above, right? Yeah, that's all the bad So so they're they're doing whatever. I think you know the People in the government, I guess are trying to make the economy looks as good as possible where it really is or not You know long as there's money supply of money in the market, you know, it's it's it's going to drive it higher But it's next year looks a good year. So yeah We can we can go on to chart two. Yeah, let's let's yeah, let's do that. Okay. Good. I got track two up Yep, all right chart two. This is a short term. So that's a bigger picture and you know, well, you know, I'll come on Thursday again and Most likely I'll update that chart to actually be Wednesday's close because when the up this is our chart number one now Yes, they don't update these Readings so well after the close, right? So this is Friday's close 920. So today We may be we may right be at the thousand level or pretty darn close. I know because it has even as we're talking to him You came on and the S&P's are up 20 now. We're up 24.5. Okay, so they're running it into the close out here, too Just stay right there Tim stay right there folks Tim Lloyd Tom O'Brien. We're coming right back And remember this program's archive folks So if you're in your car and you want to look at those shots, okay, don't look at them in the car Bottom line get home hit the archive. You're gonna be able to go through all these shots as Tim and I Tim explains these shots to you. That was up 189. Now it's except 99 S&P's are up 24. Tim and I are coming right back Welcome back folks Tim or Tom O'Brien. We do appreciate your growl on a prowl. Listen. Don't forget folks You can get Tim woods newsletter by going to odd or D hyphen oracle comm Okay, Tim. I have the second shot up here All right, so this is just a short term view of what is kind of going on nothing really bearish but The bottom one is the five-day trend the average of the trend five days next one up is a ten-day trend and last week This is current as of today But in general we're in the bullish category for the five-day you like to see around 1.4 higher We're a little below like 1.25 when I did the chart and next one above is you like to see a Around 1.2 or higher, you know one point one seven Yes, nothing will bearish, but all that gray or that pink air across the The chart there times when both those readings got into bullish care Territory and they hit there last week and we're kind of into a Consolidation I guess they've I mean we're not really rocking up But we're not rocketing down either we are touching a new higher, but It looks you know looks good, you know, what can the market can we have a Meyer pullback here? Maybe but it's not set up for anything significant and well what's gonna get interesting Tim too, right? Is that the On the what on the 20th we had now when that drops off That's gonna change that quite a bit because we've got a three point six nine right that now that's helping Us at this particular point when it drops off though. I'll get intriguing, right Right. Yeah, it drops off, but you know, we may have another you know a shake out Oh, yeah, I know myself. I'm with you. Yeah, right kind of the market kind of regenerates itself or reenergizes itself Yes, you get these Shake out one day she went wonders and you know everybody panics and everybody's try gets you the exit door So, you know, yeah true in that three point something drops off It's gonna pick the ten day in the five day we'll get to very Territorious, but the ten day he gets around point nine or lower a lot of times. That's kind of a danger or level Okay, but it stays around one or higher, you know in rallies. You're probably fine Well, I'm trying to point out here. There's nothing really no No, I'm with that. I just wanted I just wanted to bring it really really either extremely bullish other than The bigger time frames because of the summation index looks really good. No, no for sure Little fuzzy. Yeah, I just wanted to bring it up for the listeners so they can really start understanding how this works Because it's always cool folks when you know, you get a big one or a small one and it's dropping off That they could be you know, it's so cool about what you do here, Tim You can project going forward. That's what I was really cool. Do you know what I'm saying? It's like, okay, man You know, yeah, yeah, I count forward too. So I want to see what's dropping off ten days ago Yes days ago. Yes, exactly your clue what what may happen So but you know, this is you know, it's nothing right home about it. Just no sometimes there's something right home about Yeah, no, I'm with you and this particular case Okay, so I'm going to try number three Now turn number three. Oh, this is a kind of a momentum indicator majors the volume down volume Yeah, and the advanced decline So it kind of shows you what the market's doing and the bottom window is the GDX up down volume Percent on a 50 day average. So it's a big average. Yes And so long as it stays above zero, which is all the blue area. Okay, it's usually Normally an uptrend we as of today when I print this chart read 5.5 2 And that's you know, it gets only in from zero to look like about 12 usually stays in that range So we're kind of in the center of the bullish range. I guess you might say yes it's just Nothing real significant gets below zero normally the rally is kind of coming to an end. Okay Most of the time and you know plus five in that range you're flying Nothing again right home about so that looks pretty good. Okay So that's the short term and what I really want to kind of talk about is number number chart four. Okay, I have it up All right, this is a really kind of important chart This is this current rally that's going on right now It really kind of needs to continue and the reason why I say that if it kind of fails here goes back down Those two indicators, which is the bottom indicator is a cumulative Monthly advanced or nose up down volume the next one up Second chart up from the bottom is the monthly cumulative advanced decline. Yes and you need both those Indicators advanced decline and the up down volume to get above the mid Bollinger band and usually when it gets above the mid Bollinger band Usually stays in my mid Bollinger band because it's a momentum indicator of volume and advanced decline. Yes, and Once it gets above there it stays there if you notice They can trend for years As a matter of fact it picked out the the January or the 2012 high and say bearish our way into 2016 yep for years for years and we've been actually kind of bearish since 2021 There's been pockets of of a short term runs in the gold market But not lasting runs this right indicator predicts The runs that could last a year or two or three and how close so we now Tim to the advanced decline Getting in the middle. Are we close to it? Yeah, we're actually we need to get the advanced decline is Second window up from the bottom. Yeah, it needs to get above the Bollinger band. Oh, I see it now I didn't see it. I see it. I got it. You get up. You get this is if you're looking at this chart folks He has an arrow right to it. I should have saw that. Okay, cool. I got it I see it. Yep. Yeah, okay, and the bottom one though is the up down volume So it needs to get above the mid Bollinger band to so as flip to the top chart Okay, the top chart is the monthly GDX I drew a line connecting the highs going back to 2021 yes, and so You know, this is the old Weisskopf deal going on here to get through that line You need an SOS which is sign of strength, right? And so I'm you know, we cut the more times the line is Trend line is tested the more times or the more widely is going to bust through right? So this is the fourth time we're testing that or depends how you count it could be this time you're testing it so Most at some point we're going to bust through that line and when you do it All those The Bollinger band to indicators down below most light will give by the Bollinger band and probably you're gonna start a run That could last several years or at least a couple at least a year. Yes So I'm thinking this is kind of lining up to like a 2000 bottom. If you remember back Oh, I remember that stuff praise the law. This is 2000 bottom. We're all gonna be happy man Yeah, it was great. So I'm thinking that's why I'm looking at the bigger picture here So I'm sliding up over the next month or two That if the market remains basically wealthy Strong and keeps moving higher all those Bollinger bands will be exceeded The bottom two is most likely will have a sign of strength through that trend line on the GDX And if that's the case then probably over the next year, maybe two The The bullmark we haven't seen Probably haven't seen for for years. That's probably in the progress of happening right here So right because with Tim's talking about the possibility that will that happen or not? There's some grudges just that it may yeah, and what Tim's talking about folks That's when he went from 252 bucks to 1100 and the gold market, you know and Tim and I did get it. Thank God Yeah, it was fun. It was fun, man. Well listen, man It's always a pleasure Tim. You have a great one safe one. Look forward to speaking to you on Thursday All right. Thanks. Okay. Stay right there folks come right back