 Welcome back folks, Dow, Dow's up $294, Nasdaq's up $130, S&Ps are up $32. Let's go over to our man, Mr. Basil Chapman. Don't forget, folks, Basil does an outstanding show here every trading day, 12 to 1 Eastern Standard Time. Also, there's a great newsletter, The Opening Call. The way you can get The Opening Call, you can come over to our website at TFNN, and you're going to see it right under Featured Content. Our man, Mr. Basil Chapman is going to be doing a webinar this coming Wednesday night. The way you get into this webinar, you can subscribe right now to The Opening Call. You can get it for a month for $128, six months for $5.95, which is a savings of $173, a year for $9.95, which is a savings of $541. They all come with a 30-day money-back guarantee. That is going to get you into this workshop this coming Wednesday night, which is going to start right after my show at 5 o'clock and go to 6.30. Basil Chapman, what's going on? Hi, John. How are you? Doing great, man, yourself? Very good. Thank you. So what are we going to be talking about in the workshop, Basil? So basically what I've always looked at is the tide itself really dictates what one can do either in the short term, intermediate term, or longer term basis. If one is able to use some technical tools to identify where the tide is and whether it's going down or whether it's going up, that's really important. And if you're just looking at this middle chart right here, this is the weekly chart of the DAW, you can see all those green arrows to the upside. If I put a big down, in fact, I have this in my scene, introducing the Chapman Wave methodology, I have a chart like this, and then I have a big down arrow, and you can see identifying it visually, you can say, well, everything's looking like it wants to go up. Why would you want to be shorting? Now identifying the trend means that if you were going long, any time on the way up, the tide that is rising will help you. On the way down, if you look at the left side chart, remember I mentioned that for subscribers to my opening call, we went short the day before the recovery high of 26,695 in the DAW on the 23rd of April, the day before we went short. So we were short going into that top, and we were short all the way down, took profits on the way down, got stopped out of the final position a day or two ago. But on Monday, I was identifying, so that means that on the way down, even though there were a couple of big bumps to the upside, this big thick black line, which is the 14-period exponential moving average, was telling you that if prices were below, that it's probably going to be tough to break that resistance, and until that resistance is broken, you can think of it as lower lows and lower highs. So that's one way of looking at the tide. The other is when we were coming down over the week, last weekend, the more I work I did, the more I thought everything I'm looking at from the 120-minute chart, the short, very short term to the intermediate term is suggesting that this W formation forming in the stochastic with the on-balance volume, the blue line coming down to a low, was suggesting that there could be a turnaround. I wasn't sure yet how deep or strong the turnaround would be. So we went along at the open on Monday morning, actually just before the open for some subscribers and right at the open for others. So we went along in the 24,000, somewhere around 24,750 area, and the low was 24,701. Maybe it was a little higher. We went along the 200%, and the reason is I felt very strongly that if there was going to be a rally, I had my key indicators, and that was that the stochastic had to rally from the 15% area to the 20% or higher. The MACD had to finally cross positive, and any rally needed to take out the trend line of the moving averages, the 14 period, the 9 period, and the orange one, the 200-period moving average. So when I did that, I had a confirmation that at least there was a viable trading bottom and that the best thing was to try to get in as quickly as possible to the bottom because it gives you a good cushion. So I'm going to be talking about these different techniques, the different moving averages that I use. I'm going to be talking about what can help you identify whether the trend is a rising trend in the bigger term. Now we can go to the intermediate term, which is the weekly chart, and you can see in the Chapman wave, and let me just quickly show this, in the Chapman wave, we're always looking for the most identifiable, lowest low, and then count each excessively peak. We want to get to the fourth highest peak, peak D, high alphabetized in ABCD. That's where other things can happen. We're always looking at couple arch formations or a combination. And you can see those are all the patterns that we've got in the left side chart of the data. There's that H pattern. Now we've got the turnaround. Now the big thing for me is, is this a viable rally right here? Because you've got the sign of an arch, and that's what I'll be discussing. One of the indications that are so far, especially with today's action of telling me that the low that was made is a pretty significant low, at least in the shorter term, that I have to wait for the magdean stochastic to turn positive, and they're still quite negative, but the price has been really strong. So I have trend lines that we draw. I have moving averages that we can look at. And so far, the weekly chart has only given a self signal. And today's action kind of negates that to a certain extent. And then I'm going to be talking about a particular chart formation right here that I've spent a lot of time on about a year ago. I discussed it with subscribers of different webinars. And the last webinar, I said, this is very important. This is like my template right here, this chart on the left. Because look at the Dow chart, monthly chart on the right. And look how, with that question mark is, look how things have matched. So these are things that I'm going to be discussing. How to identify trends. What you can use for indicators. Look at this beautiful up channel that held the support in this left side chart. You get this channel that held the support in the right. And this is the monthly chart. Look at the way the moving averages, the magdean and the stochastic are matching so nicely. So I'm going to be discussing where we're looking, what we're looking at, why I'm looking at it, and what tools that my subscribers can now add to their collection of their toolbox. And some of it we talk about every day when I do my daily report. But this is going to be a kind of a lesson and a very functional way of looking at the market. And hopefully they will learn from me and I will learn from them when I get feedback from them. But so far, this is the pattern we're looking at. And you can see right now, we're almost breaking out of this oval pattern. So it's going to be very important what happens this coming week. So trends, I spoke about it on my show just on Tuesday, I think it is, that we just bought a stock and I explained on my show, I said, I don't like to do this because my subscribers just got in. But we bought PLD, which is prologous ink at $75.14. And we needed, and I explained the parameters that we're looking at, the trend lines. So it was like a lesson I had on Wednesday. And look, this thing's already shut up to $78.89. It's a big gain and 200% long down is up 10%. 10% for an index in a week, that's amazing. There's no doubt, man. It's a beautiful thing. So those are the things that I'll be discussing on Wednesday night. And folks, the way you're committed to the workshop, you come over to our website at TFNN. You're going to see right in a featured content, the members of the Basel Chapman. Now inside the workshop, folks, what's going to happen also is that you're going to get three other archived workshops that Basel had already done. So you get a lot of value in here. You're going to have a great letter for the whole month. Great workshop next Wednesday night. You have a great weekend, safe weekend. Of course, we look for the program on Monday. Thank you very much, Tom. You too. Thank you.