 Let's get over to our mammoth to Basil Chapman as you do each and every Tuesday at 20 past the hour. And don't forget, folks, Basil has an outstanding show here every trading day, 10 to 11 Eastern standard time, also has a great newsletter, the opening call. Now, it's very easy to get the opening call, folks. You come over to our website at TFNN and you're going to see this right under, sorry, you're going to see it right under featured content. You just hit that button and you are off to the races and you'll understand how this market works. Basil Chapman, how you doing? Well, off to the races, I'm not sure what we call this one, this is on the race downhill slope. It is. This is a bobsled going downtown, man. It is. And what's really interesting is I had shown this chart to subscribers this morning and I said, we're going to have to watch this, let me see if I can find a chart. I know exactly what you said because I was driving and what Basil said, folks, and remember this program's archived, well, this program's archived because he was giving it 90 minutes. I was cracking up, Basil, and you said, I'm giving this down 90 minutes with that price and unfortunately it broke it, right? Yeah. And basically what I was saying is that the pattern of the candles of the 24th of January, the candle of the 24th of February and yesterday's candle and I was just to see if I can do this, I'll make it a little bit bigger. Yeah. So basically what we're looking at is that the candle I call the Chapman Way of Roman candle that is in the, oh, I don't even want to talk about it, in the S&P monthly chart but it's red, when it's green and at lows, you can get a really strong rally, which is what we got on the 24th of January. You see this big green candle where we've got a tiny little wick, a long wick at the bottom and then it closes a half to two thirds of the low and then we got the rally from $33,150 to $35,824 and then it plunged again and made us exactly the same candle on the 24th of February called Chapman Way of Roman candle, tiny little wick, long body but a green one and the root of the thumb is how quickly it can close above the left side high. And look what happened, eventually it went to the high of $35,372, peak deep pulls back, made that Thursday, I think it was this last Thursday, big spike to $35,492 and plummeted down and then yesterday we had the same candle but three times in a row without great success I say to subscribers, we actually went along yesterday morning, we got out of it this morning for a profit and I said, let me, I can take this away now and then I said, if there is a move below, this is what you were talking about, below $35,590 that holds for about 90 minutes, watch out because we could test the low of the day, well the low so far today is $33,312, yesterday's low was $3,323 so that's exactly what we did. And you were talking about the closing bell and immediately after that we have, does Microsoft and Google, but does Microsoft also announce straight away? They do. It's literally within seconds, you'll see Microsoft and Google come out with it and of course what ends up happening, folks the futures are open for another 15 minutes, yeah so it's going to affect the market for sure. And because the futures are open that's very different to if you have this overnight slump or big move up and then by the morning anything can happen by the time the market opens but when this, when you've got 15 minutes, it's a lifetime 15 minutes. So the question I was getting through this morning is for me, this is for my subscribers who are going to call, this is one of our biggest cash positions we've had in a very long time, we have very few long positions, the latest ones that we have are actually holding quite nicely even in this market right now. But what I wanted to do is to show them that if the XLP, which is the S&P select staples starts to fall here, that's been the leader because it's defensive, not defense like Raytheon or Rocky Martin, but defensive, Procter and Gamble et cetera. If you lose that, so that's the one thing, so I'm a little worried on that, that bias is to say we've had support, but now you're getting fewer and fewer sectors that we had the support of the oil, the chevrons of the world helping the Dow, but all of a sudden we might lose that. So the reason why I went through some of the Microsoft and Google this morning is the chart pattern, this is, they're on the cusp, but you know, you always talk about ice. Yes. The 270 round number on the 8th of March for Microsoft goes to a peak D, that's what we're always looking for in the Chapman wave for a buy mode. And then it plunges, it comes down and yesterday there was 270.77. So the thinking that I had was if Microsoft announces good news and maybe they say they're buying back whatever number of shares and it helps, I don't know what they can say about the outlook and that's really the big issue right now. And Google, they're going to have to come up with something absolutely amazing. And Google's the same thing, look at the chart, this arch formation, look at that, we broke it, this is the generation that I always talk about. Yes. So all I'm saying is that, I've been saying for weeks and weeks, raise cash, have cash handy, this is a market that is highly vulnerable. We have found really nice stocks in the good, short-term good percentage gains. But I don't see anything right now that I can feel, I can latch on to and say, hey, I don't care if it pulls back 6% or 8%, but things can fall 15% to 20% here because we saw that in the huge big caps. So while looking out, I think so far I'm still in the cap that says we've used up a tremendous amount of time. I mean, if you look at the Dow, it's been in a consolidation with all the bad news that's going on, when you go from 36, let's call it 37,000 down to 32,000, we're just at 33,000, 350, we're still in the range. So the whole thing is, if we've usurped time rather than price, because under these conditions, you'd say, I can understand if the market was down 18% or 20%, we aren't there yet, so far it's held well. This is going to be the key. Do we see Microsoft and Google and Amazon and Apple this week save the day and at least use time rather than price? Oh, phew. Get that life jacket out. The real question is, who has that life jacket, man? No doubt. You have to be careful right now, yes. You have a great one, the safe one, Basil, you look forward to the show tomorrow. Thank you, Tom. You too. Thank you. Stay right there. Folks will come right back.