 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Hi folks, Basil Chapman. This is the Tiger Technicians Hour on this Monday, the 6th of November and we're looking at the Dow which is, wait a minute, the Dow is down now at $2 at $34,059. As I said in my update for the 10 o'clock Tiger Financial News Network news commentary, I'm anticipating that this extraordinary move from 32,000, 327 to today's high of 34,167, that's 2,000 points just in a split second. I'm suspecting that there's some residual buying from people that didn't get in before and there's some selling because people have had really quick profits but it's at about 10.20 this morning and about another 13 minutes or so. That's where we will start to see whether or not new buyers come in and sustain the move or will they actually get a turn down that makes a peak A tomorrow. So I said that I'd go through a couple of things that are talking about the longevity of this move. So as I see it in the more work I did over the weekend, the more I said to as I'm looking at it and I'm trying to assess, put it like in column A, the positive column B, the negatives, it seemed to me as I went through all the different charts of the ones that are very important to me, I'm looking at it and saying this is a situation where the speed with which we turned up after the VIX index on Friday, a week ago Friday, was high, it was in the 21st but it wasn't at the 23.08 level of the, what I think was that I should put the date in now, on the 23rd of October and it said to me to get a climactic move that is really sustainable most of the time over the years, I'm not talking about a day or two or a month, I'm talking about decades, we get to see the volatility index either coincide or really closely coincide with a significant turn up. So I'm not ignoring it, I am saying that the move that we saw to the upside was, as I looked at the different charts and as I looked at say the SMHs and I'll just do this quickly before I go to all the different indexes, the SMHs, the semiconductors, look they were lagging badly, going into Friday, the whole week in fact was kind of a lousy week and as you're looking at the low that was made, oh I forgot to type it in, the low that was made on the Friday, that was a low of the 31st at, where are we, 136.10 and we've been short since 159, social, we've taken some profits off, that would be 10, I think did I say 31, I think I said 31. All right so what we're doing is we're looking at a whole bunch, a cluster in fact on the 200 period moving average after the one, just a beautiful one-to-one, look at this we've almost done a one-to-one to the upside, the pattern here is this is like textbook, this is one that you can put into the textbooks and say that's amazing, the angle of descent from the 161.17 all-time high on the 31st of July came down to 143.35, look at that angle, number of bars to the upside, then the angle and the number of bars to the upside, it's a downside, now you go upside green, downside perfectly to the blue, to the chapwave inside, now you've formed a chapwave inside track and a down channel with beautiful parameters sitting here where this is the propellant zone, that's the repellant zone, you go back up green almost to the tech, to the inside track resistance and you come down again, I made that light because it was starting to get a little bit difficult to see, to the 136.10 level right in the same angle, that's the beauty about this chapwave technique where you look at the, in this case the inverted falling exformation, inverted falling exformation, then you take it out and you look at the arch that forms and you come down, now comes the issue, what's going to happen here? Well as I see it, this is where we're going to see some resistance and that's telling me because the semiconductors were lagging, look they were lagging, what was, what was this take here, let me just double check, this, okay here we go, right there, on the 31st of October, 31st of, sorry October, 31st of, where are we, yep October, 31st of October was Tuesday, oh that's Tuesday, so already on Tuesday it's stalling, it didn't participate and then it did participate quite nicely on Wednesday, Thursday, Friday, so it was a catch up, to me that demonstrated short squeeze, number one, number two is it also demonstrated new buying but my guess is that from my interpretation there were more, there were more buyers having to cover, now that's just one area but this estimations to me are very important, so I'm watching this very closely, one of the reasons why instead of going along on Tuesday since I missed because I did not get that very high VIX on Monday for that big turnaround, the classic turnaround, I still consider that a failure pattern just as my own back, the background memory as to what, and things I've gone through with the VIX index to say it was a low, it might turn out to be the low but I think that there's some kind of a test at least in the Dow, let me go to this right now, the Dow trading, a down eight but I think this area of the $33,500 to $33,200 at some point in the next week or so I think that gets tested, that's all, that tells me to say we go to that low and I think that's where I have to make a decision, do we go full bore into the upside for the Dow, we are still long from October but at the same time I did miss getting into the new position of the Dow but I did say on Tuesday in the morning I said we're going to use a particular stock, I used Microsoft as a proxy for the diamonds, that was silly, I should have used them both, I should have had the Dow because I always talk about the Dow and it's no use saying oh we got a proxy that's doing fantastically, that's not good enough but it is, I mean and that says to me even Microsoft with a spectacular move, look at this, so we're long from the 338th level, just trading at three, almost to 358, I mean that's a spectacular move in just a week, just every week but the target is 366.78 for Microsoft but the reason why I liked it is it was in that Magnificent Seven that said the shorting that was going on or the disappointment or the lack of enthusiasm for the Magnificent Seven had reached a level that I thought you know these things could really have a move, look Metta had a big move up, Gug had a decent, not a not a big move up but a decent move up, Apple that did have a move up and even now it's moving up $1.33 at 177.97 but it's it is having a move up and one of my missing Netflix, I don't usually include Netflix but it should be included because it's in Leg C, big move up and this is at 96% in the stochastic and that says it's in a buy mode and should try to tackle the eyes of the mate back in September in the 453 level and here it is at 431, I'll be back and now we'll go through all the differences because I want you to explain my motives of Rondi, what I'm thinking, how I'm thinking and we'll see if that's going to happen. 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So I said I would go through these different indexes and I couldn't even remember an affliction. Let me just do that again. So if we're not going to 61.8 retracement in the S&P, I usually like to put these up and then as soon as they don't mean anything to me, I just take them down because I, as it is, it looks a little messy to me right here, but I like to keep all the information that we've had. Let me just do this one here. I wanted to show you something that the last one wasn't at the same angle. The last move down the S&P, the one-to-one to the downside. This is generally a falling X formation right here. And the arch formation dreaded H, but it went price-wise. It went just about to 41.18. I'd say what is that 41? 41.24, 25, and the low was 41.03.78. So we got close, and now this is good rally to the upside. And let's just, it says to me with the two gaps, it doesn't have to fill the gap. There's no rule that there's a time. Usually you fill at least one of the gaps and there's a big two-gap play, but it doesn't tell you when. It could be immediate. It could take time. It could be a roll-over and eventually it takes it out. How it takes it out tells you whether or not there's a good chance of filling both gaps downside. Let's just go one step at a time and say, hey, this is a fabulous move. The stochastic is only at 68%. The magnet is very strong. The nine-period today is crossing positive. That's a good sign. So that says you've got a buy signal, which means that I can put an up error. But that's stochastic. It doesn't have to, but I prefer if I get to 80% before I can call it a buy mode, an upgrade from a buy signal to a buy mode. That's number one. Number two is in the retracement to the upside, there are little icons on the left, whether it's a peak or whether it's a gap or whether it's a moving average. And that just says that the level of 43.93, I believe it is, 43.93 on the 17th of October, that's kind of the upside. And that's where there should be a lot of resistance. If we just power right through that, there's going to be a spectacular move. At this particular point, so far today with the solidation saying the Dow is up 16, the S&P is up 5, this is very good action because normally on a move like this, you get a give back of the last hours trading of the previous day, a previous session that is. And then you start another move either up or you can start to break down. But so far, this is excellent action. Okay. So I wanted to just say that I'm not, there's a falling information in the weekly chart and means that if the S&P at any time in this first part of November starts to trade about 4,400, you have to consider this is really good action. So I'm not saying that we have to go down. I'm saying I did a lot of work on this pattern that I talk about the internal low and the residual low, everything about the move except for the volatility index on, let me just get there, everything but the volatility index gave signals on Friday going into Monday's action and then follow through on Tuesday to say this is probably a residual low. In fact, if it is a residual low, you can see the green nine-period moving average in the down is turned up. Then it says this whole area right in there, that whole 30,500 to 30,000 should be very, very good support. That's the way I'm looking at it right now. And I'm suspecting that this is a move that has some legs to the upside, some more time than legs to the upside. And then when we roll over and there's a sudden bad news, there's always bad news that knocks the market down, it holds. If it doesn't hold, that's going to be an issue, but that holds 33,000 area. I could do a comparable thing with the S&P and the Q's and such, but I won't. What I'm going to say is that in S&P, the down stochastic is a 68, sorry, the down stochastic was, where was it, 68% yesterday on Friday. I'm not sure where it is today, but the stochastic is a 68% and for the first time you've got an L, meaning that it's flipped to the nine-period moving average, it's a daily bar. This is looking at it as a daily bar. Have to wait for the close, but so far it's too positive. Absolutely nothing wrong with that. QQQ, stochastic, I'm not typing in the wrong place. Yeah, of course I did. QQQ, there it is. So the QQQs at this particular point have a stochastic of 70%. Now, this is getting very interesting because it's getting really close to the 80% level and here it is just getting repelled at this pink chat wave inside track repellent zone. The next level would be right here, at about 370.60 and you're at 368.97. So very close to, as soon as it breaks, it starts to hold above the screen line, it turns this whole area, may give or take a point or two into key support and there you are in the folding axformation in the weekly chart. What is the folding axformation? Very simply put, it is where the price runs up, usually goes to a D, E or F, then it starts to make lower highs and lower lows and then suddenly forms a base and it breaks that trend line. This looks like a folding ax, right? There's the ax, there's the blade. If I could use terms that would endear me to the technical community, I would say it's a folding expanding cone formation. Folding ax, I like. And once it breaks that resistance, then it can go one to one in the same degree of angle, same number of bars, to the left side high. Okay, so we're looking at this in the weekly chart sitting right there for the first time. In two weeks you've had a pink nine-period moving average for the weekly chart now it's flipped to L. The week has just barely begun, we'll have to see where it closes the week, but this is a good sign. It means that there's internal strength and that says, and that kind of corresponds to what I was looking at when I said we want to Microsoft, because I thought it represented the best that I could analyze, the best of the Magnificence 7. We missed it on the way up and waited, waited, waited, had patience finally got in and it's a Dow stock and it's at the same price just about as the diamonds would have been in the 350 area. Well, we'll see 38 when we got in. And I just, it covered a whole bunch of things. We'll see if it works, that's all I can say. And I used it as a proxy but that was a mistake. I should have just jumped in to the Dow and said if I'm having a proxy then I've got to have the original as well. That mistake. All right, so the QQQ IWM is something completely different. The deeper down is down 180 today, 172.69. That's a tough spot for the small caps. Now, I want you to show you, look, gold is holding pretty nicely. It's down 8 but it is not breaking to new highs. Yet the GDX, the GDX had a very good strong move on Friday. It's giving back some today down 21. The GDX is the gold miners. I've said for years that I always just personally, I like to see gold miners move and then gold follow. I don't want to see gold lead and then very often the gold miners just lag. Sometimes they play a little bit of catch-up. Well, the catch-up is usually in the silver. Well, silver is just standing still. It's under the 200-period moving average of 53.55. It's turning to 23.50. It's just kind of stuck. Stuck is no good. So as I look at it right here, the 200-period moving average of the weekly chart says that until silver really starts to trade at 24.68, 24.70, it's just kind of stuck. And I'm a little surprised because gold has such a spectacular move. And I suspect if it's geopolitical, then I don't know if the actual stock will move. If it holds for a long time, obviously those gold stocks will. So that is up. That was a pretty successful move. And then I had a question about what is the CFLT? I'll be back with CFLT. Counties, 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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Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. 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, so I don't want to run out of time, so I'm going to just go TLT, which the question gave back a chunk of the pain on Friday. I think I found 78 cents, 86, 85. The more work I did over the weekend on the whole area of bonds told me that it's not going to be so easy. You've got the U.S. bonds down a point at 112 and 2230 seconds. I think there's work to be done, but I also think that the law that was established, and we go back to the TLT, most people can get the TLT. The law that was established at 82.42 on the 23rd of October, let me just type that in because I'm going to use that often, 82.43 or 42. I shouldn't have been talking at the same time. We've got on the 23rd, so the 23rd, 82.42. There we go, 10, 23, 23. I think that that is the low for this moment, but I need to see the evidence that says that, oops, there we go, it just makes it gray. The evidence that says 90 to 91.5 is an area that wants to be ventured into so that it goes above the weekly 89.96 40-bit exponential moving average, and if it's able to do that, in other words, it has to get into the 90 area, a whole bunch of gaps. It trades overnight, so the gaps are always there, but it needs to show me that the yield, the TBT, whoops, the TBT, which is the inverse of the TLT, that's the short position, that peak F, I want to see if it's able to make an arch formation at 40, it's at 40.21, get into the 41.37 area, then arch over and then come down sharply into the 37s. That's what bonds need. It's a work in progress. In other words, I'm not saying that it's not going to work. I'm saying that I want to see what would happen. Just as I said, I want to see if the VIX index goes into the high 20s, low 30s, for me to get a really serious multi-week, even month, turnaround in the Dow, we didn't get that. There are other things that now have to go on to manufacture all the things that are missing from that particular very oversold condition and hysterical selling of stocks. It wasn't there. In this case, it's almost the same with one. Let's get now to CFLT. The question came in. Basel, is this one of your volume price climax turnarounds? This is called Confluence Inc, a stock that I had watched go from the 90s, just kept plummeting and I never followed it at all. Here it is at with a low of 40.69. On the 3rd of November, it had a volume spike. I mean, it keeps going in the volume of 3.2 million, 3.3 million, 2 million, 3 million, nothing to see here, folks. On the 2nd of November, that's on Thursday, must be news of whatever it is. It caps down and it plummets and the volume, remember, 2.0, 2.0, 2.3 million, 57.6 million. The question is this one of your volume spike climax reversals. Remember, we saw that with Schwab when it made that round number 45 low, that was back on the 13th of March, 45 round number low, and I call that a Chapman Wave price volume climax. But the rule of thumb is that it has to go 28 sessions, 28 sessions, and move nicely above the gap up high after the low was made. That's number one. Number two is if it does that, it can go for 56 bars, that's days in this case, and move very much higher. Well, in a sense, it kind of did that a little bit, but then it's given it up in a chest of 54s, just the other day it went to, sorry, 40s the other day, went to 48.66, just three or three or four points off that low from March. It tested that low from March back in May at 44.65. So here are my requisites that I look for. There has to, invariably, there has to be a series of declining lows, gap down lows. That's number one. So, oh, and then Duncan Steve said CFLT for your information, tanked on not good enough news of numbers, tanked the numbers delivered a solid Q3 exceeding the high end of total revenue, total revenue grew 32% to 200 million, non-gap operating margin improved 22 percentage points, and non-gap EPS turned positive for the first time, a key master. Okay. So what I wanted to say in this particular instance is, so my criteria are, number one is there needs to be a series of just bad news, so that when it finally comes down to that low, everybody's just, anyone who wanted to get out just says, I am done, I am, I never want to see this stock, I am out. And as they go out, it starts to move, it makes a climactic volume price, climax low with massive volume. So in this case, it was just a sudden, this is beep beep, this is road runner. So the rug gets pulled and it just comes down. So this doesn't meet at least a key ingredient for me. Now, why am I not getting the other one that I thought of that had the same thing and I spent time on it. I'll try to find it if I got it in my notes. There was another one that had, it wasn't TLT, I wouldn't have used an index like that, would I have? No, there's another one that did move down, but it only had like one bad day and then a gap down and then a gap and then that was it. So all right, so the question is, all right, so then what's the big deal about going, what's going on now? So there was a really good session on Friday, a gap up and it started not full of the gap, the gap is used, the gap goes from the 27s to the 15, 16. So that's, it's going to take a while. If you look at this peak D at the 200-period moving average in the weekly chart, it came tumbling down and it makes this level right here, the left side low, you've got two bars, maybe three to close above 16.60, the low of the week of the 6th of January. So just treat it as a dreaded H pattern at first and see what it does. So the big question is, is this something to get into based on your technique? And I'm going to answer it and say, it didn't fulfill key requirements. The volume was unbelievable. Anyone who wanted to sell just, I mean, that was huge and it occurred, it has to occur. Oh, I remember now, the stock we were looking at, it didn't occur on the date, it was the day before. It has to, for this technique, this particular Chapman Wave technique to work, it must be the day of the low volume price climax. And that's the bar that has to also move up. So that, that is good. But now it's a completely independent thing. So the question really is, where would it go? And I'll just say to you, because of Friday's action and because the date made it slightly higher high, I think this is in play. They give me a second as we go into the breakdowns of 39 as it brings up seven. And I'll talk about it as soon as we return. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. 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Whether you're a season trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money back guarantee for all new subscribers so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand. TFNN, educating investors. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Oh, a lot of people commenting there. I'm going to try to find that. Dude, what happened? Oh, there it is. Okay, so we've got CFLT. Oh, FTNT. So Duncan, Steve, thank you, Steve. FTNT is the same thing. So let me go to FTNT. Huge volume. Had a big reversal the same day. 18 million and normally it's nine and five and four million. Sneeze. Oh, I used to have this Fortinet. I used to have it all notating everything. I think this is this. Is this the cybersecurity? I'm not sure. I think so. Anyway, this is a little bit different chart because it went right to the 200 period exponential moving average and that tells you now you've got 49 to 48 as key support on the very short term. Yeah, so let me just say, if it doesn't meet all the criteria, then it just doesn't. I have to be as objective as possible and say, no, I can't give you a comment based on the travel wave. Volume price, climax, low. It doesn't meet all my criteria. So I have to treat it on a completely different plane. And so FCLT, CFLT, I'm just going to say that if you want to buy it, I just make absolutely sure that it doesn't take out Fridays low and the low was 16.92. That's just the way I'm looking at it. You might have to go there and then start and you move up. But I'm just saying that that would be a criteria for me. But the fact that it is going into the gap immediately, I love that if it goes to the gap and it can hold above the gap, the low bar high and it can hold above that for three or four bars. It says, and that was an emotional response. And now you're going to get a plane that just says possibly 1960 to 20.25. That would be an area just visually I'm doing this. That's where it could bounce. And then it probably has to do some retesting. No one asked me about 40 net, but I'll just do this to say that it's almost the same thing. But the green candle is way better. This is where there was sellers regret remorse. So they got kind of, there were buyers that were waiting to come in the fact that it made a nominal new high this morning is a good sign. All I'm going to say to you is this is a slightly better chart. But it's not great. I mean, these gaps don't happen for nothing. If it fills the gap by December, the third week of December, it's filled the gap and it's trading at 59 to 60. That would be fantastic action says all of this was just an error. It was an error in thinking because it was already on its way up. So that's why I'd look at it and definitely if it takes out the low of Friday, that is just horrible news. I at this point it's trying to hold. Okay, next question came in. Could I look at where is it? Oh, could I look at ARKK. So our ARKK some an instrument we've had before we did very nice. You haven't been in for quite a while. And look at this. It had a very, very strong move. It had an alternate count, which said that that F was an F slash B. This is a G SAS C and that's a D. Remember G SAS C often on the way up all the way down, not the G SAS B, but the G SAS C very often can go to a D. In fact, it's funny because, look, here's the Dow. I'll come back to this in a second. INDU. What did it do? It made an E slash B at the low. The diamonds, I think, made an F slash B at the low. The QQQ made a D. The S and P, this is on the daily chart, made a G slash B. And there's your G and look at that beautiful radio of the G. So G slash B is a little different to G SAS C. G SAS C says you could probably go down one more to go to a D. G SAS B says take that a little more seriously. It's the same on the way up. All right. So I just want you to go through that. And now I'm going to go to ARKK. This is Kathy Wood. It's her. ARKK is the ARK Innovation ETF. Fabulous move from 33. Now, this is someone who talks about the long-term position, the long-term position. Well, a five-six-year plan. Well, this is now the third year, almost going into the fourth year. Well, that's called it. Just be kind and say it's two and a half years. From November of 2021 when it was at 125.86, this is an instrument that went down to 29. I would just say that going from a fund, going from, yeah, it's an innovation fund, meaning you got to buy for the long term. But what if you needed the money sooner than long term? Well, 125 down to 29, I'd say that's problematic. However, it did have a really nice bounce. It went up into the 50 area, pulls back again to the 33s. And now it's had a good move up. I like this. But only in a portfolio that says I have prepared to have some, rather than grab some of the stocks that are in the ARKK, I'd rather grab ARKK as a generic and I'd trade that. So if you're looking to add to a position, if you haven't already now, I don't know whether it's adding or just looking at it. I'm going to take it that is for a new position. Because you're looking out longer term, I would either say you could nibble right here at 39.90. My preference, and this is in the market in general, just for the next day or two, I just, I need to see what kind of pullback we get and then what kind of rally. So I'm considering that the low that was made Friday was a pretty serious low that we don't have to go back to it. I think we will come back towards it. I don't think we're going to come back to it at this particular point. But at the same time, ARKK is the speculative side of the market that says I rally really well, but you better get out. And that's what I'm thinking right here. If you can get this under Fridays low at any point this week, and that would be under 39.10 and so 39.94 is only down 50 cents. But if you can have a little patience and try to get it there, I'd prefer actually if it didn't go under that, but I'm just saying that's one way to look at it that you can wait for a dip under it and then start a position and that you might add to on a rally for a leg B, because this is the great leg A, making it great, because why? Because the stochastic is at 66%. Mancini is very good. And today the day is young, but it did flip to L in the nine period exponential moving average over the 14, that could change, that could disappear by the end of the day. So that's what I'm looking at now. For someone who says, you know, as a speculative instrument, I think that this is right now is a period where the specs might have a little bit more upside room than other times. And if this is only A and we should go to B, what happens sometimes with an A is you get such a strong A that you don't go very much higher to B and then to C and then to D and then you pull back. But if this is an A and you only have a minor pullback and leg B takes you from, where we're at 39.93 now into the 42.50s and that's only leg B, that's going to be a spectacular thing. So I would just say you could also split it and grab it. I get 39.94 and then have patients to wait for a dip underneath to add another little bit, all part of the first A position. So you could split it or you could start it, just have patients to start it. I'll be back. Now is a pretty one. S&P is up five. Battle Chapman Tiger technicians out. Tires every Tuesday and Thursday. Tim Orr joins the Tom O'Brien show to share his unique insight that he's developed over decades of trading. Now on Tuesday, November 7th, from 4 p.m. to 5.30 p.m. Eastern time, Tim Orr will be hosting his own live webinar. Tim's analysis has been outperforming market returns but almost doubled and his gold analysis is on track to be a winner as well. Tim will be delving into six secret ratios that every trader should know. In this webinar, Tim will be covering the Daily TLT VIX, the Daily and Weekly Spivix, the American Association of Individual Investors, Bull Bear Ratios, and the Trin Panic Levels. Tim will break down each ratio, how it is calculated, its importance, and how it can help you make bigger returns. It's as simple as this. 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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. Hi folks, let me just go through a couple of things that I wanted to look at as we're going into the end of my session today. We've got Steve Rhodes comes up and then don't forget, you've also got tomorrow, you've got should be a really fine webinar and you've heard you've heard all about it. This is a very interesting thing because within the context of markets, listening to someone alive, going through all the different aspects of, how can I put it, going through all the different aspects of the market in terms of what he looks at and what he doesn't do. It was live and Tim ordered a fabulous job picking the gold turn and picking the market turn on Friday. So you're looking at Tim giving a webinar tomorrow, go to the front page of TFNN, check it out. It was quite something to hear live. It's great to hear that because that is the evidence of techniques in real time. So check it out. So within the context of what we're looking at here, the spectacular move from the low that was made Friday a week ago to this past Friday with some markets making slightly new highs and some just failing. I'm looking at this and saying the buying spree is still there. How we pull back it'll probably have to be a little bit of a bad new situation and for the Dow, the whole thing, well, very short-term, 3,700 areas going to be very strong support, but I'm thinking over a period of a week or two that we might have to test 3,500, 3,200 and that's going to be the big test for me. But definitely this is a terrific turnaround. You had a big move to the upside. Oh, I didn't check right now to see what the estimators are doing. You have to sort of stall down and just unchange at 1.4940. We're going to be watching a lot of things very closely because that was a big turnaround. There is a ton of resistance coming up. I'll be back tomorrow. Have a great day. Check out what we call daily news. See you.