 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Hazel Chapman. Call now. Call free at 1-877-927-6648. Hello, everyone. I'm Hazel Chapman, Tiger Technicians Hour. We're looking at this last day of the week, Friday the 14th of January. It does down 170 at 35,948. You'll see here in the YM, which is the futures, the pattern earlier on. It looked like, whoa, rallying early on. It goes weak, goes strong, and then whoof, goes down under the 50-period moving edge, and then comes back. You'll see it now in the cache, INDU. And we're looking at the Dow, down 174,35,939. Just make it as simple as possible anytime next week. If there is a close, first of all, underneath the left side low of 35,639. Oh, I need to show this, because I haven't shown this pattern for a couple of days. In the patterns we look at, in the Chapman Wave methodology, we're looking at three major patterns. Straight up, straight down. That's number one. Cup formation. That's number two. Arch formation. That's number three. So you can get combinations of one and two or one and three. Combination of one and three is the dreaded H. Why is it called the dreaded H? Because it comes down sharp. It has a rally. It goes to only a peak A or a B. That's just one or two peaks from that bottom. Then it arches over, and then it takes out that left side low, and it can go a lot lower. And you can see this right here. You see right there from the all-time high of 36,565. That was made in November the 8th. We had the dreaded H pattern. It went under it. And it really tanked. It went down to 34,022, first of December. Huge move up. And now we've got that same pattern, that arch formation. Will it take it out? You know, the mag D is very weak. The stochastic is very weak. The on-balance volume is very weak. But the 9 is still above the 14. So close to crossing negative. As soon as that changes to pink, then you've got a pattern that says, cell mode in place. Cell signal being upgraded to cell mode. Confirmation. And then you see, are those supportive levels? Look at this up channel with the channel wave inside track, propellant zone. It worked fine this morning. The day is young. It's attempting to rally. It's got a gap to the downside. There are enough stocks. Of course it was the financials that really took a hit this morning. I guess it was JP Morgan that did that. So the financials were doing great. It went into a leg E yesterday. And now it's a peak E in the Chapman Wave daily chart. So the XLF is trading, ups trading at 40.70 down, 0.56. No big deal after what it's done coming from the 37 area. This is a fantastic move. But it has impacted almost all the banks. And as a result, this is an area, and this is very interesting because it's an area with a TLT down, meaning yields are going higher. You'll be helping the banks. And that's why I always say yields going higher, bonds going lower, helps. But it isn't the only thing in the financial sector. You've got earnings. You hear it all the time that the banks have been, they were coerced and now they very much, their paperwork, the due diligence and everything they've done so far seems I wouldn't say to be impeccable, but the reserves that they've built up, it's just the exact opposite of 2007, 2008, 2009. That's important. But you know that major calamities in the stock market, always, always, always you can go back in history, just to the beginning of measuring these moves and you will find that at every major top, the banks have done the wrong thing for months and finally the proof of the pudding comes about to find that they are in dire trouble and that exacerbates any really negative move in the market, meaning crash or major recessionary aspects, et cetera. All right. So with that said, at this particular point when you look at stock, let's go to city, I've updated you, peak C in the debt each other, not as good as the other ones, JPMorgan, peak G, doji candle yesterday plummets today down almost 5%. I think this is the problem, 159.90. Wasn't I hearing for the last week or so how great JPMorgan was? I thought I kept hearing that. Well, I might be wrong. I usually don't listen all that well. I'm usually doing my own work. I just like to have a reminder of what charts to look at for symbols if I'm looking at CNBC or Bloomberg. So all I can say is that this is a peak D in the monthly chart, peak D in the weekly, and this recent peak G slide. We'll see what happens. That's JPMorgan, our bank of America that we've had from 30, 31. Hit 50.08 the other day, straightening at 47.93 down 83 cents. A much nicer pattern made an all-time high on the 6th, 10th of January, 50.08. A leg D in the weekly chart, peak D, a leg D in the monthly chart. I see a digestive phase. Oh, did I mention JPMorgan? Look at that huge island reversal. A whopper of an eyeball. The day's young. But so far there's an island reversal. Let's continue. I moved away from what we were looking at because I wanted to show that not all things are equal, even in the bank sector. You're looking at certain ones are Wells Fargo, WFC. Everyone's been talking about how fantastic that stock is. And there it is. And this is one of the weaker ones on a morality curve. Remember Wells Fargo over the last couple of decades, I mean, they are really doing, they have done things that were very, very questionable. And yeah, they are from the island reversal low of about the 20th in the 46th area. You're looking at 57, a new recovery high. What is this Wells Fargo? Is this an all-time high? I don't think so. You never know. Let's just pull this back. No, all-time high was that move up into the, I think it was January. Yeah, January 18, 2018, 66.31. Had a little bit of a pullback to the 20 area. 21 was it? 20.76 March. So this is a fantastic move now. It's almost tripled. Let's go to BRK.B. Today I promised myself I will go through some sectors quite carefully. I've had so many questions about them. Let me do this. So this is part of the financial XLF. This is peak B, peak C, leg D, possibly maybe a peak D today in Berkshire Hathaway. Remember, I've always had tremendous admiration for Warren Buffett in the sense that I've always said there are a lot of companies that have holding companies or the company itself is made up of buying paper. So they have a lot of paper in all these companies, but Warren Buffett has the companies. Yes, he has paper, but he also, excuse me, he has enough of companies to say that he is in the business itself. You might not always run it. I know that from Gary, Massachusetts, there was a furniture company. Jordan's two brothers owned it. I think one of them actually went to at least the same school as my kids. So I kind of followed them. One brother got sold out when Berkshire bought them. But the idea was that they would both in the beginning be running the company. One, I think, still is in the company. He does the ads. And they seem to be doing very, very well. And that's the way he runs companies. And I'm impressed. Also, I'm high, I believe, in Berkshire. That's the way, 320. I'm down 49 cents right now. Down's down 210. S&P is down 8. Lots to talk about. And yes, yes, I'll talk about what positions we have. I'll be back. That's a trap and tiger conditions. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. 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From the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN, educating investors. All now, toll-free at 1-877-927-6648 internationally at 727-873-7618 My folks, we're back and we're looking at Royal Dutch Shell, PLC and ADS and multinational oil. In Netherlands, I believe it is and we're looking at LegC at 50.09 and the data chart of Magdi's, Strong's, the cast is flat at 95%. That's fantastic. On-balance volume's a tad overboard but really good. Had two big gaps in the upside. I think it will still make a LegD. It'll make that LegD in the monthly chart above 50.44 made in October of 2021. And as I'm looking at it, it is, yes, it's getting a little toppy with a double top formation but if you look at the way the technicals are really moving to the upside in the weekly chart, I just have to consider that like CVX, this is Chevron making a new high today, recovery high at 128 LegC. They all have further to go. Question I had, let's see. Do you have any oil? Yes, we have MRO, MRO. It's trading at 19.34, it's two points higher than where we bought it at 17.30. Today we took a tad off. I want you just to reward us for being in the right area for this particular type of stock. So we took a little bit off at 1914, one penny a buyer above yesterday. So I still let you see. Remember all the charts we're looking at here in the oil. This is oil service, marathon oil. Very, very nice action. And that long-term weekly resistance area. The week is young. We took the whole day to go until four o'clock, but so far it's nicely above the trend line resistance. And the pattern that I did in the cup formation with the left side, right side price time match, this is almost inverse of the dreaded H pattern, it's the reverse Y, said that 18.93 was my first target. We've already done that. And that's really important. And it says that anytime you start to trade into this final ugly candle that made the most recent major high back in October of 2018 at 24.20, as soon as you can get halfway into this ugly bar, this particular bar here, it means that at some point in the next month or two, if there is a push into the 21, let's call it 21.40s, there's a good chance you're going to test that high of 24.28. So this is a major support in the 17.90 to 17.30 area now. I say major because it really tumbles below that. It says, whoops, we're getting a rotation. There are all the different sectors, and this one will start to fall as well. Yes, DSM is going to be working. So I had a bunch of questions now, but I wanted to get to one. I'm going to just go in order of the questions. First of all, in the den right here, EEMV, EEMV. So this must be the value. Yeah, it is. It is the iShares MSCI MinVolume ETF. Gee, I don't even know what that is. I thought it was the value stock of the EEM, which is the... Look, yeah, EEM, EEM. This is the same thing, iShares MSCI Emerging Market ETF. Low volatility. Oh, it's a low volatility ETM. A better chart than the EEM. Yeah, you're right. So let's just do that again. EEMV, I believe you were looking at. Yeah. So this is a better looking. This is almost like the IWM, which is the Russell 2000, looking lousy, but the IWM for N, for Nancy, the value one holding much better. It's still not great, but holding way better. So yeah, let's just do that again. EEMV, and I'll just give you parameters that we're looking at here. EEMV trading at 165 down 9 cents. I would just say that if it'll make the arch formation, that dreaded age formation, if in fact it's stored in here, you made a peak C, that's a little different. Oh, wait, wait, wait, we're looking at, one thing I'm looking at the IWM. It's only that we want the EEMV. There we go. Okay. So that's a big cup formation. I need to do a little bit more work on the monthly, the weekly chart. There we go, weekly chart in the middle. Yes, that's what I wanted to see. A rectangle formation can last a lot longer than your patients, and it's just stuck in the range at a 63.85. It says it's got tremendous resistance at about 65.80s and tremendous support at the 16.25, 16.30 area. It's just stuck in the middle. So this is slightly different, but it has the pattern that says, well, why are we talking about this? Let me go to the next thing we were looking at, which is the SMHs. SMH, which is trading up 3.99 right now. Same sort of thing with the sideways pattern, and a bunch of questions have come up about the SMH, the semiconductor index. 318.82 was live 22nd of November, and 290 was the low just a couple of weeks later. Now what we're looking at is in a slightly declining trend line, and it keeps going between these two ranges. So one of the questions I had was, question, which let me go to it right now. Yeah, so SMH support. Hi Basil, where do you see decent support in the weekly monthly for the SMH? I'm planning to use this as a strong indicator of next market. Turn up, thanks Kevin. So Kevin, all I'm going to say is today's action, it's early, I suspect in a cell mode under the 9 period moving average, under the 14 period moving average, even though it's in the rectangle formation, the next move could be so wrong, and I want to talk about this in more detail. Actually, I want to talk about it in more detail, but I deserve to do something for Jane yesterday. She sent it in. I didn't see it until the very, just about the end of the session was too late. So I'm going to do this now. I will come back, because I want to spend a little time. Technical Friday, I want to spend a little time on the SMHs, not many of them, but CCL is Carnival Corporation, Carnival Cruise. So it had a fantastic decline, a decline that really came about from the 73-ish area back in 2018, January, I believe it is. I would say that a decline from that level to the double bottom of 7.90 and 7.80 in March and April of 2020, that constitutes a pretty serious decline. There's no question about it, right? But I suspect there are a lot of people that are wanting very much to get back to vacationing. Not only that, there are a lot of people, even though we're talking about inflation, everywhere you go, there are a lot of people that have been so confined have actually not been going to restaurants, have not been going to the Boston Symphony Orchestra, they have not been going to the Huntington Theatre. They haven't, they've been pulling back and just kind of being very, very cautious. What I mean by that is a lot of people from 60 years and older and much older who really were part of the big, certainly in the Boston area and all the major cities, part of the entertainment audience who definitely pulled back and just did not do very much outdoor stuff. And they're waiting for these cruises, they're waiting for all these activities, they're waiting for the restaurants and they're waiting, they are not the Disney crowd, that's something else to do. They're the ones that have built up a lot of equity. 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We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the Art of Timing the Trade Chart today by visiting TFNN.com This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com My folks were back and, of course, during the break I must have moved about seven stages away from what I was originally talking about, which means I had to check out to see where I was. CCL, trading at down 38 cents at $22.50. So, Jane, I suspect just from the way you ask the question, this is something that you either are in for a little while or you're looking to get in. CCL Carnival Cruise. You see this 200-period moving average has gone from the 16 area all the way to 22 over a period of a month. And now it's stuck at that 200-period exponential moving average of 22.54. My thinking here, I just am on a purely medical basis. Yeah, I see the journals. I see many things. I don't read them as thoroughly as I should, but my wife being a physician, it's just something that I do. So it seems to me that this is like, you know how I talk about the internal low and the residual low, the earthquake and then the aftershock. And I look at that in the market very often and I always say that at the low that's made there's a technical configuration that says, wow, we just took out a major supported center and now we've got a little V-shaped pattern, how does that evolve and how does it resolve? And then the news accelerates and the politicians come in, whatever it is, doesn't matter. And all of a sudden you get 500 million masks being ordered and not the regular ones, the 95s, whatever, the money gets spent at the end of this just an incredible, whoosh like helicopters throwing money out the window. But I would not be surprised if on a purely practical level the internal low of COVID has been made and the residual low is in the process of being formed. It can take a little while because we know from history, if you read any book about epidemics, you know that when it finally resolves it kind of just disappears, but it disappears from the news, it's still there, but it's much less and that's why I'm saying that I think that carnival crews there are so many people maybe they tried it earlier, they did get infected so they're not going to go on a queues very quickly, but I would suspect by the summertime there'll be a lot of people wanting to do something like cruises, outdoor activity, etc. So all I can say is I like the pattern, I like what's forming, I can just give you parameters to look for at 22.52 I would not like to see a weekly close above below 20, I'd actually put it at 19.35-ish area a close below this is uh-oh could have another final round of negativity just going back to test the 16 area which was the low early December but looking out the pattern in the monthly chart says perhaps by September, October CCL will be trading in that ugly bar right there from January of 2020 and be up in the 40 area or maybe even higher 37 to 42 that's kind of the area that I'd be looking at I hope that helps you let's just keep an eye on this, we're looking at it periodically I'm not giving up on I'm looking at areas that could in fact be extremely positive and I'm including in that list Disney, although Disney taken a real hit today down 3% down 5.5 at 149 this is in that category but it's a completely different area because yes you have the Disney parks etc but you've also got a whole bunch of media this is more complex so that's something completely different I think also Disney looking out is going to look very good but right now it's in a hazardous area so now that I've done that so I hope that helps you so a question about UVXY UVXY keep an eye on this this is the the metric, this is the barometer this is your little barometer you're staring at for the weather, 0% 0 degrees we were the other day Monday into Tuesday here in Boston you stare you can't believe it usually I always say chair you the 6 is minus 6 it doesn't mean that way for a long time but it used to be quite often so we're all looking at the barometer of the market right now saying yeah the downside is 230, the SMB is down 12 and the UVXY the Volatility Index this is a trading vehicle the Proce's Ultra VIX Short index it's 12.99 right now 43 let's put it this way if by after 130 to 215 this afternoon the Dow is still down 220 or more the SMB now down 13 but actually it's down 15 that UVXY will close towards the high of the day but if for any reason there's some buy and I said to subscribers be careful because I think by the end of the day if there is weakness going to early afternoon you could people say I don't want over the long weekend because we don't come back until Tuesday because of the modern Luther King day I don't want to be long over the weekend or overly long and they'll probably lighten up quite a bit so just make sure at 13.02 right now if the VIX in UVXY not the VIX itself I'll go to the number is trading in the 13.53 or higher area with strong triple digit down move in the Dow and the SMB closer to minus 20 that's going to give you a lousy close now I need to do this I don't want to skip too many things here I haven't finished some parts of my overview remember we were looking earlier on at the FXI that's China and I said there could be a pretty a pretty nice balance I don't think it's ready for the big move to the upside but there's enough rotational aspect yet to say that the China big the large caps ETF FXI trading up 26 cents of 38 right now could move towards this trendline that I was looking at at about 39.50 I'll make it real simple if any week it doesn't have to usually I say two out of three weeks I'm just saying any week one week there is a close in the 40.30 area in the FXI that would say for the first time that we're looking at China seeing some buying come in instead of this constant drumbeat of sell every rally make lower lows and lower highs so I'm just going to say that's what I'm looking at make it real simple at 38 right now any day this is now a daily chart if any day there is a close below 37 four days ago what was that low 36.76 if there is a close below 36.76 it says not ready for prime time at all be really careful and in fact I'm just going to say that my my belief in the whole China aspect China stock day away for now I still think there's enough problems in America American stocks we don't have to be going to China right now so that helps you so just for the day it's holding a little bit better than the others but please those are the parameters to watch I'd much rather you have a bigger picture of China right now and that says still on an intermediate term basis the 54.33 high of the of February of 2021 and the most recent low in the 35s is telling you that this is still a place it hazardous to your health and maybe to your wealth and next question I had was okay I will give a very thorough reading of SMH's of Exxon Baseball eyeballs Exxon is leg D right now in the weekly they exceed the leg D are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg Tampa and Clearwater markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future 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TV that's TFNN.com then hit watch Tiger TV hello it's just real quickly a couple of questions I'm gonna do that before I go to the semis I didn't even finish looking at gold silver et cetera we'll do that in a moment yeah this is AMLP is allarian allarian MLP ETF I'm not sure exactly an ETF I don't know what it is so in the meantime back at the ranch I forgot to put that in there yeah this is acting very well it's trading 36.19 up 34 cents in a day like this where most of the index is a very weak I am looking at it saying suggesting to you that it is in a buy mode in the daily chart it needs to break this downtrend line this W with lower highs and lower lows in the weekly chart it needs to really close from 36.85 to 37.28 just kind of up there on a weekly basis say you know what that's really important and certainly if we can close above the high that was made on the week of the doji candle week of October click click click October the 22nd 37.24 yeah if we can close 37.80 on a weekly basis that's really important has a good chance to make a leg see I don't know what they do but we're just looking at the chart itself very very nice chart left side high is 37 right there on the 21st of October goes to 37.24 that's the one that you want to be focusing on and it is a peak see it should make a leg D very soon all right now let's go to gold gold trading right now untrained in 1821 the sideways move is really important I always say trend lines are really important but you're going to break a long-term trend line just by time alone very often by moving sideways well that's exactly what you've done yes it's much more important to be focusing right now on the cup formation an inverted like a y reverse y in this particular case because it's going to the upside and all I can say is that the weekly chart is just stuck in a range the monthly chart is even stuck in the range but the daily chart starting to improve look we've got to 75% now in the stochastic you really want 82% and then higher to keep going higher but the fact that the dollar let me just finish this up gold if at any point next week if there's just even one single pop into the 1837 area you have started to make higher highs and higher lows the stochastic almost certain get to 80% the MACD will be holding well and you are 9 period over the 14 period moving average so far this is acting pretty nicely but not good enough in the sense that yesterday yesterday should really have been a move that punched into the 1828 area or higher instead of kind of me and it went right it got held back by the chapter inside track repellent line which is now trying to become a propellant line and it got stuck right there so that's really important are you in a way I'm very impressed with goals in a way I'm very disappointed I think a lot of people must feel that way and it's very selective because first of all silver has got nothing like this particular chart pad look at the silver chart silver is trading am I going to have time yep I'll have time silver is trading down at 15 cents it's just stuck stuck stuck it is trying also to get above the trend line resistance and turn that into support but it's the dollar look the dollar is attempting to have a little bit of a rally it's up 12 cents at 94.99 but it is decisively taken out that support in the rectangle formation now 95 52 is going to be really important but there's a chance and I've seen this before where finally breaks down from the rectangle and then it just it's so quick that it has to go back to pick it again to get its coat because it's so cold as well what to say goodbye to its friends and then it continues down so I'm not sure how much more there is on the upside for the dollar but gold is telling us that it isn't quite ready for at least short term prime time but it will be if we can get into the 1830s alright and now I need to just look at so that was the dollar EUR USD don't run out of time don't run out of time yep there's your leg E maybe a peak E it's gone out of its rectangle formation to the upside it might have to come back and visit I don't know visit the 1.138 area at 1.114 right now 1.142 question I had about the GDX yeah you see this is the proof of the putting the GDX is a little weak today 26 cents down at 30.98 cannot break above the falling x formation and the resistance level I'm just going to say this is a good good clue because you want the gold miners you want the miners to show you the strength in what's being made in gold not gold itself so I want to see 30.50 area hold in the GDX on a closing basis but absolutely it isn't just to pop up and I don't know what's going to give the trigger for it but it has to close above 31.74 the high of three days ago two three days ago I want to see close above that so you can start to tackle the 32s that's the GDX not bad action it's just not good enough right now and the weekly charts is yeah it's not great at all so the GDX these are different charts and that's what I'm saying if you look at your different stocks they're all doing different things in the gold area okay couple of things we want to look at your crude oil crude oil is in fact holding very nicely it's in leg I'm going to call this F for now I could give it a Chamber of Instances and restart F slash B I don't need to it's F is strong Magnes goes to cast a great 90% on balance volume it's cat overboard a relative strength has been improving fantastically and we're getting the potential V-shaped pattern all the double top and we're going to be watching this really closely on crude oil to see how does it get repelled like so many chart patterns recently the left side high gets retested on the right side and most of the time we've seen failure patterns at 83.65 on the high of what's 84.18 the high of the week of the 29th of October you want to see not just to move above it but I push right through 85 into the 86.50 area on a closing basis in the weekly that also make leg E up in the monthly chart alright here we go semiconductors semiconductors right now up to 2.30 had a nice balance but all I'm saying is that it's really important look applied material isn't this amazing applied material great company etc comes out yesterday whoosh to the upside goes to 166.53 but on closer look it's leg D goes right to the Chapman inside track repellent zone gets repelled and then what did we look at when we're getting closer and closer 164 yesterday was a round number open before it went to an all-time high and then I pull back right to the 9 and 14 period moving averages today went right to the resistance I drawn in here leg F in the weekly chart a leg C C in the monthly chart I'm just saying keep an eye this is your clue so now let's go through a bunch of their advanced micro devices advanced micro device AMD Arch formation huge dreaded H took out the left side low had a balance and now an even smaller rally I say advanced micro devices is in a big consolidation 161 area back in December the 30th or so plummets down to the low just recently of 125 I would say 35 to 40 points is a serious thing leg B on the downside in the weekly at a P&T and here we go we'll just do a couple before we go to the break I do ASML ASML holding down it's all-time high ASML sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8.30 a.m. to 4.00 p.m. eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different 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monthly for more information you can call 877-518-9190 that's 877-518-9190 great program for the rest of the day of course you've got Larry you've got Thinker Swim Steve Rhodes Dave White and Tom O'Brien wrap it up and then we've got the long weekend we'll see you all on Tuesday now a couple of things a question about Bowser what probability do you put on the S&P 4420 print and within what time frame in 2022 I think not by Tuesday the whole of next week I'll be working on that and I'm going to give you some ideas of what I'm looking at but first of all I can't talk about 4420 all I can say is a close any day not a weekly basis a close below 45 4577 close below the 4570s any time in the next week and a half will be very impactful as far as I'm concerned for that weekly chart and then I think we retest the 4495 area and that makes the whole area 46 4691 to 40 4712 really strong resistance so just keep that in mind I'll get to the rest there's full leg B in the monthly charts I don't want to talk about the 4420 just yet we'll deal with that next question is Newmont Mining Statement Newmont Mining I agree with Bowser if the pattern is anything like South Africa oh the Omnicom we will go parabolic in the peak and then start to fizzle well just remember that South Africa the statistics are just completely skewered they do not have the numbers the tests that they have on a tiny percent 12 percent or 13 or maybe 18 percent of the population so those numbers it's just the ideas that's the idea yes so I wouldn't go with the South African numbers it's the gesture of the idea that yeah it's going to have a big flurry and then fizzle out let's keep that in mind Newmont Mining trading at 60.71 if a Newmont stars to trade under 59 in the next two three days that's going to say gold is going to be stuck and it's not going anywhere if Newmont Mining trades in the 63 by Wednesday of next week I think gold has the potential to be better have a wonderful long weekend I'll do the news next and I'll hand you over to later because I went to check out the news