 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. Hello, everyone. I'm Basil Chapman on this Wednesday, the 24th of August, we're looking at the TLT, which is the High Shares Treasury Bond ETF down 49 cents at 111.55. So I've been doing this for some time now. Just been practicing it, it's just a whole, I've been doing, you know, charting for since the late 1970s, right, hand charted, then I went to computers, etc. So I'm always evolving, and it doesn't matter what age you get to, as far as I'm concerned, and certainly one of the reasons why I wouldn't want to retire is that I need to keep the mind active. And to keep the mind active, you know, I've got my CD introducing, a CD book introducing the Chapman methodology, it was done in 2005, must have sold a couple of thousand of those. But it kind of ran its course only in that the technique that medium that I used was a CD, and now of course computers hardly ever have CDs. You can get them very inexpensively, maybe 20, 30 bucks. But basically I haven't renewed printing the CDs, although I keep getting requests. I just, I'm thinking about maybe making it, if it's possible, I'm slowly able to do it, make a bunch and then that'll be it. And I don't have the time or the patience to put into a book, and someone reminded me this morning that many of the techniques that I've been, actually pretty much all the techniques that I still use today that are from that CD in 2005, there's some refinement. So those refinements are very simple refinements for very important refinements, like if the low is retouched from the starting point, as long as it's not taken out by one penny, that buy signal or the peak A or whatever it is remains intact. In that case, in the beginning I said, we have to start content as a restart. So that's changed. It doesn't change all that much, but it's changed. There are a couple of things. And of course, the moving averages, I discussed some in the CD, but now I use them. They are pretty much a very essential part of what I do. But there's also the left side, right side, price time action. That boss symmetry is what I have, a lot of it, of my webinar, all their webinar Wednesday, what was it, at the beginning of July, that's focused a lot on it. So what I had here was, and this is what I've begun doing, it's nothing new. What is new is that I've started to add the actual date or the time and price. That is my expectation based on the Chattanooga methodology. And in this case, this was done maybe two weeks ago, I put down 110.87 by the 23rd of August. Well, the 23rd of August came and went, and the low was 111.74, and today so far the low is 111.48. So we're just a tad above it, but that's a nice technique. And I did not, I used the peak D, I did not use the peak E, which was the actual top. So there are a bunch of other things, but visually it doesn't look like you can do it based on the number of bars that have already been made from the one side to the other, then you have to use something else. Then you have to use artistic license, but really it's not an artistic license, there are particular bars that I look at, and that's something else I've discussed. So that's at least something. What would happen next is that if that was taken out, then I would have to find a new plumb line, that's the line that says the number of bars on the left, the bar symmetry on the left, needs to match that particular new bar symmetry on the right. All right, so we've almost got there. Most importantly, if you're looking at the TNX.X, that is the 10-year yield, we're in leg E, we've gone above the left side height that was made back on the 8th of July at 31.01, that's 3.101, and what we're looking at, we're trading right now with a high of 3104, and where was the symmetry there? This symmetry, look at this, going from that high to the exact low, and then to the right. It's funny how you think that the inversion, the mirror image, should be an exact mirror image. It's funny how many times it doesn't quite work that way. Before you have to use, each one has its own complexity, and there you are. Let's see where that goes, I think I know exactly where it goes, look at this, boom, tomorrow it should hit 3101, by tomorrow it should hit 3101, but it's a day early because it just hit 3104. Is that another fabulous technique, and of course you've got to know how to put the Chapman Wave inside wedge target resistance line, well that goes right there, boom it hit, beautifully. So, these are the techniques that I like to use, I'm just going to draw this in right now because this is the first set of parameters that have actually been met, okay, so the yields are going higher, but they aren't anywhere near the 34, 34.83 high of the 14th of June, so the yields are still going higher, and I did this a long time ago to show you that within the context of history, we've been here before. See that trend line that I drew, that horizontal bar back in July, June, July, the whole of 2008 and 2009 to 2010, 2011, June, July, is that 2011, let me just check, that should be 2009, right, there's a, oh yeah, it's a monthly chart, absolutely, look at that, the 200 period moving average was hit a number of times and then it went down, now all of a sudden, what are we looking at, we're looking at it working its way, that would be your target line right there, 37.08 in the 10-year, this is the 10-year Treasury note interest rate target in the monthly chart of that in the 35, 35 area, good, okay, with that said, let's move on, let's now do what we needed to do right away, let's do, come on, hello, whoops, am I doing something wrong, no, everything's cool, okay, there we go, all right, here we go, Dow is up 1.90, Dow is up 1.90 at 32,901, you see this 200 period moving average, it was resistance and it broke out, we gapped above it and now we've come back to the 200 period moving average of 30,001.99 as a fulcrum, as a, as a, as a magnet area, the further away we go, if we go to the 50 period moving average of 32,500, further away we go, the greater the difficulty in getting back there because it's a repellent zone, but the more we hang around close to it, the greater the chances are that 32,200 is going to be a magnet and so let me just give you a big picture for what we're doing, we're still along the diamonds, we're along the diamonds from 2020 in April at 210.99, we've taken a little bit off, we kept the core position, we're along the, the shorter term, we're along, we actually got the very bottom but we got in and got out, we got in and got out and now the last entry was at 3.698.50 for July, we got 30,600 and we got it all the way and we've taken a little bit off about a 9% gain so far as the best we've done, probably also put the DOG a couple of days ago as something to equate some of the down, I'll be back with you. 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TFNN.com, Educating Investors. available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com toll free at 1-877-927-6648 internationally at 727-873-7618. Hi folks, so let me just continue with that and I just I had a question in the YouTube tagging YouTube. Yes, this is a peak. Yeah, remember I have a relationship of an F alternate count slash this case would have been a slash C because this little A right here on the August the third, I think it was, let me just check August the yep August the third must be counted as a peak. And this is not an instant restart. This would have been a down arrow and up arrow with a brand new bind and it would have had to go to F slash C then a G slash D that would have been a D. But yeah, the two candles, the Chapmanwave Roman candle, sorry Chapmanwave, this is the silent doji candle, the following session on the 17th and then another doji candle, tiny little one. And that's it. Oh, be careful if you close the size of the below both these lows, that's a that's a big negative. But now we're underneath the 200-period moving average. This is now the third session we're under. It doesn't matter where we close, we're under it right now. That's number one. And number two is the magnetic cross-negative stochastic went sharpie to the 43% area. I'm bound as volume pulled back and we haven't crossed negative on the nine period under the 14. I'm going to talk about that right now. But because we took out the gap up over the 200-period moving average, that said to me this you cannot consider that a peak C. It's an F and if you go to the S and P, you'll see that we have exactly the same thing here. The S and P two doji candles break down from the 43, 25, 28, higher than 16. So it's a cell signal. Haven't got to a cell mode yet if we cross negative in the nine under the 14. But now I'm anticipating, but let me just do the same thing here. QQQQ's at a G slash C, if you remember. But I said, doji candle, all of this pretends a pullback and yes, we've got a G. If you look at the IWM, the Russell 2000, doji candle at the high on the, that was the same day, 16th, it was at later, not the 16th at 2 or 1.99 peak F. I haven't put the down candle, the down candle yet because of the way it's handled the move under the 200 peak moving average. Even today, this is two days in a row so far, it hasn't taken out the low of the 22nd, I think it was, what was that date? Yeah, the 22nd of 190.01 and even today the low is 190, what is that, 0.16. So that's a good sign. So and a couple of things, I'll get back to what we're talking about, I hope that helps you. And then Pat says, breaking US home prices fell 0.77% from June to July representing the first monthly decline in five and three years, month over month, declined 0.77, was also the largest decline since January of 2011. Hey, have a look at this. This is the HGX, I didn't finish that, huh? So that would have been just continuing the notation here, E, F, and then an unusual red G, just like we saw in the QQQs. So the daily chart has gone to a sell signal, very close to a sell mode because it only barely went above the 200-peer moving average for five sessions and then since then it's been much lower but it is a fabulous leg A in the weekly chart and the nine has just crossed over the 14. So that says there is some support in the Philadelphia Housing Sector Index and it's only made a peak B no matter how I counted the peak B in the monthly chart. So all I can say is that I'm trying to stick with my rules as much as possible and it's when you consider how bad actually all if you look at all the verbiage about housing over the last two weeks, it's actually the last six weeks but especially over the last two weeks, especially over the last week, just to go from 423s, 425 down to the low today of 393 and having a big green rebound of 5 and forward. This is why I'm saying that, I mean I had a call from a really good friend for a long time, actually he was in one of my master classes back when we were doing them down in Florida. This was an all day one live. This is level 2, yeah level 2 because he had already been watching me for a while so he knew some of my techniques, so he skipped level 1 and I consider him to be one of the best Elliott Wave analysts that I've ever known personally that is. Actually I shouldn't say that but in the spectrum of everything that I've read, so I sent him what Larry showed the other day that I think Jeff Hughes had shown in Larry's show. I just sent it to him, just to peruse. Where did I put it? Here it is, it's the preferred Elliott Wave count and he said, oh yeah, he agrees with that and it's just he's been thinking that the major top, he had called the major top back in January and this is, he's a layman, he's not, this is not what he does for a living although he certainly could do it for a living. He's done it for almost all his life, made a living from it as he says, he's made more of a better living from it than his actual profession but he's been retired since he was 15, he's now about 85 or 86. So he went through this and I said, you know Bob, I agree with you on all those other things that you're saying and he went through and he is in the building, he was an architect in the building, his sons now do that and I agree with you but there are other aspects in my big coat of face. I don't see how this could be a major top when you've got the brokerage companies that still need to be on fire, they're not on fire, well, they've got something got burned but they're not on fire on the positive side and I went through a little bit of what I'm looking at for the big picture to say, I don't think this is the major top but I don't want to do this now, I'll do this on technical Friday if I remember, I'll talk about how the turn of the century as you go in the 20 years into the turn of the century, so it's all new technology, there's only some of the 1600s you've got there, it can go even back further to the Gutenberg 20 but what's really important is that as you get to the first 20 years of the next century, you basically formulated a whole panoply of sectors that are going to become mature over the next 40 to 50 years until the next 20 year period before and that for us would be 2080, so this is a period where this is the maturity of it but then in the 2030s, I'm expecting that's where we get some kind of major top but it comes from excessivity like we've never seen, it's just the whole world is trading American stocks and going crazy with who knows what it'll be, maybe it'll be the electric vehicles, I don't know what it'll be but it will be some hysteria, tulip mania, I don't think we've even got closer that the nervousness now is palpable, I mean every adult that I, every senior that I talked to, without even mentioning, not even knowing what I do just rolls their eyes and I've lightened up, I can't take this, I know what they can't take because it's been a fantastic ready since June, so let me just go through this in terms of actual price, price points, so that just says that the housing sector has had a big pullback but when you think that it came from, oh why did I type that in, from 175, I think I have 175.41 back in March of 2000, 75.41, let's call it 75.175 to 538, 175 to 538 in the Philadelphia housing sector index but we did a beautiful double top, you know these things I talked about them all the time, those were what we spent time on but I did my webinar, you can do the webinar, it was the time limit thing, it was the techniques that are viable, double viable for the next 10, 15, 20 years, look at that, measure that move to that, if you want to take advantage of this sector now is the time to subscribe to my gold report, the gold report is a comprehensive look at the metals sector as well as the markets that move gold which is the currency and bond markets, new subscribers get a 30-day money back guarantee so you have nothing to lose, every Monday morning I publish the gold report with coverage of gold, silver, bonds, DXAU, HUI, GDX as well as more than 30 different mining equities. 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Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN Educating Investors. Hello, can I just get back to our story here? So I got someone, one of them said Amazon, these gaps are going to become much more important as we move forward. You know, look, here's Amazon. Yes, there's a gap, an island reversal, pretty close to an island reversal by pennies. Below 136.21 on the 9th and then ran up to the 140s, peak D and then it pulled back in a beautiful left side, right side price, time sequence. So 136.21, what was the high three days ago? 136.32. So that's technically not, let me just double check, 32. That's not an island reversal. It cannot fool the gap at all. So that's one, but I've got plenty, I mean, SPX.X. No, the S&P didn't, almost did it, but it didn't. I had them written down all by Microsoft. Was it Microsoft? Microsoft. Yep, there's an island reversal. I drew it in. Microsoft peak G with the silent doji the next day pulls back from the, was it 294.18 high of the 15th, trading now 276, almost at the 50 period expedition moving average. To me, yes, it's important. I can tell you how many times I've seen gaps, island reversals. There are some that stay forever, especially when you make lows like on the 6th of March of 2009, in the Dow, the S&P on the 9th. Remember, we went along the day of the 6th. So, yes, it's important. It's not the end all. There are so many other factors. It's just about to cross negative in the MACD. The MACD is negative. The 9 is just about to under the 14. But a lot of work has been done. It's been seven sessions of downward action. We might get this flip to negative with the going pink and the 9 period moving average, just as that magnet of the 200 period moving average pulls it back. Okay, so this is what I wanted to say. I knew I almost forgot. I would forget it and I didn't. Here we go. I'm anticipating that we are really close based on many of the factors that I look at. One is the 120-minute chart. There's a lot going on that we've made just a very near-term basing that says we could rally. And let's just say by Monday, instead of crying foul, because we're now below $32,400, $32,500 is really important. But really, I've drawn it in here for subscribers to my newsletter of the opening call. Right here, left side, right side price. Time match says that before the 30th of August, that's early next week, the 32,387 level might have to be tested. It doesn't have to, because what I'm thinking here is that, look, we've got a truck, a leg G in the 120-minute chart. The stochastic flat is 7.11. That's not so great. It needs to get above 12% to say, wow, we can retest the 33,000 level. But there are signs, the histogram's improving a little bit in the MagD. There are just signs that says, you know what, if we don't plummet, because whatever happens at Jackson Hole, instead of going into the hole and seeing everything plummet, we are holding quite nicely, there could be a bounce. And then I think it's the dreaded H pattern that I have to look at. And I'm going to draw it in here just so that we know I'm talking about potential for a move like this. It could still go a little lower, but a move like this. And then some of you know, I'm wasting about two fighting patterns somewhere over there. We get this particular pattern that says, uh-oh, we start to stall and kind of in that, not even 33,500, just above 33,000, maybe we stall and we make an H pattern. I'm just saying this is a possibility. We could actually spend some time. We could spend three to six sessions trying to get above the 200-period moving average, but the magnitude of the 200-period moving average says you can go above, but you're coming back to 33,200 no matter what. So I'm just thinking that we're making some kind of a near-term. That's the reason why for subscribers, we went along a couple of indexes. I started a position, a small position, but we started a position. And mostly because we have three times long, one of them, and we have, we're out of the three times long another, but I like the fact that everybody saw me here. I have an email says, puts on Intel, puts on advanced micro devices, puts on salesforce.com. Whoa, puts on, there was another, I think it was applied material, was it? Or Nvidia puts on the TLT. This is a busy person, but they might just be relaying me what the consensus is out there. So I'm just saying, you know what? Look, applied material, a fantastic company, got beaten down from the 167 area of January of this year, plummets down to just over 80. Now it's balanced, it's got over 110 trading at 101. It's a dreaded age pattern. And this pattern usually says you could, in fact, the best case is that it could go into a rectangle formation like that, have another bounce, but stay in the rectangle formation. The worst case is it decisively takes out that left side low of the eighth of Nvidia trading at 162 down 30 cents, the low of the ninth of August of 97.88. But even a rally, just a bounce in something as good as this, or advanced micro devices, a little bit different chart because when this did the dreaded age and did the one to one to the downside, I should put a down arrow right there from the high that was made just above the 200 period moving average. But even this could have a little bit of a bounce from the 92 area to maybe 95, 97. And that would stall. You see, the most important thing now is I want to stall a cascade to the downside. As long as we use time for the consolidation, that's really important. All right, could I go on with, yes, I'll go on with this. Let's look at Crude Oil. Crude Oil was higher much earlier at 95.40, it's at 93.41. And this is fascinating. Someone said, do you mind doing what you looked at the other day? Yeah, okay, so CF is not quite in the same area. This is CF Industries Hydrogen Nitrogen Products for Clean Energy Fertilizer Emissions of Batement. We've been launched since the 95 today at 111.73. This is the Chapman Wave Stalk Leg Body, neck formation. But it's already started to look like it's closer to the one to one to the upside, which is already cheap from the last leg. So there's a whole connotation there. I'll get into it once today, Wednesday, maybe by Friday we'll pull back and we might have doubled top, 113.59 is basically my target area. And if it goes to 113.60, that monthly chart is going to G Stash C, almost certain that I have to call it C, but we'll see what happens with the C. And the other one, also NFE. NFE is new Fortress Energy Inc, a natural gas fuel solutions. Nice move up, 16.87, we're in from the 45s. We're taking little bits of both CF and this one, oops, get out of that, wants me to update not today. And we've got a potential doji cattle right here in the week, we had a peak D. This should struggle a little bit more. It's had a fantastic move. It most probably needs to go sideways. So sideways is important because you want to use time rather than price. If this suddenly, we have a caller, we have a caller. Thank you very much, my engineers just said. We got Charlie and framing and Charlie, how are you? I'm doing well. How are you, Basil? I'm very well. Good to hear from you. Good to be calling. It's been a while. I picked up F C EL yesterday at 401. You got a nice little pop today. Good price action. What are your thoughts on this? So this is one that's always on my list because it's in the fuel cell business, electric service company, natural gas and biogas. So I like this a ton. It's very difficult to trade it, and you just did exactly that. So I believe we've got a break coming up. Yeah, we've got a break coming up. Charlie, I'd love to get back to you. So hold on, because this is, I consider this is in play, but you also have to learn how to take profit. So we'll talk about that as soon as I get back. Folks, we're looking at F C EL trading at 4.30 up 32 cents to dials up 11 S and P's up six. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible. Get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman wave. 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The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, four-side fund services LLC. This program is brought to you by Vistagold, traded on the NYSE American and TSX under the symbol VGZ. We're looking at just changes. We're looking at JO for the moment, the weekly chart that is coffee. That's like a type of trust of coffee futures. Let me just go back. We're looking at fuel cell for Charlie in Framingham. Charlie, I was in Framingham. Couldn't believe it three times in the last week, but we'll see what happens here with fuel cell. This is what I wanted to say to you. If you look at the chart, these big moves, once it starts the big move, if there is a follow-through for two out of the following three sessions, it makes higher highs. It says that the move can actually last even longer than just a bounce. So when you're looking for a rally, I'm not sure what your position is right now. If you've taken something off or whether you've captured, what's your thinking? What I did is I got a thousand shares and I put in a sale for $5.15 per half of it and I was going to let the other half kind of ride. So why did you choose $5.15? Pardon me? Yeah, why did you choose $5.15? Because that's like a $500 gain on the ALEE. Oh, okay. That's great because- $4,000 investment. Absolutely. That's fantastic. Good. I just needed to know the reasoning because I'm looking at this and I'll just show the people, the viewers at TFNN Tiger TV, look at this. It made a peak F at the 200 period exponential moving average back in March of the 11th of March of this year, 2022. It was at $7.33. It pulled back. It had a retest on the 200 period moving average, couldn't make a new high. It failed, made the dreaded H pattern, tried to hold and then plummeted down and it went from a $7 range to the $2.87 low on the 12th of May. Then it went to peak ABCD, pulled back, dodgy candle, makes a higher low, goes peak A, peak B, struggles, makes an H pattern, comes back in a left side, right side, price-time match and then it has a big move within two days. It goes from the 318 area to 407, percentage-wise. That's big. Then it pulls back. It pulls back to the 340s and then it screams up to the last high of $5.50. That was on the 15th. Now it's done another one of these big pullbacks. The 9 is just about to go negative, but it hasn't yet. Magdy's negative is the gas, it's way down between 9. What I would do, I don't want to change your thinking. I'm just going to add a couple of points. Number one is, I don't know what the reason is for the big move. We don't have to know. It's a big move and so far, instead of just being a single pop going into the 9, 45, 9.50 timeframe and then by 10.05 it's given most of it back. This is holding, I mean 435 is high. It's a 433. Something serious is going on, at least for the day so far. If this by what you really want to see now is the candle of August which had a high of 449 and a low of 422, you want to see it getting close to the top part of that and then it will be back above the 9 and 14 period moving averages. Then if it pulls back any time between now and Monday and it hasn't closed under 427, 425, something in that area, but instead is making higher highs, then I think you've timed it just beautifully. We can't say whether it's going to go all the way to the 200-period moving average which is now at 510, but I just wanted to mention the history says it pops up over the 200-period moving average, pulls back sharply and then goes back and then fails to make a new high. Let's see because that will fit exactly what you're talking about. It'll get to the 510 area. I'm just going to make one suggestion that if it gets close to the 490 instead of waiting for 515 to take everything off, why don't you scale it out of one little position as it's getting into that 480 area going towards your goal just so that because that's kind of where I'd normally expected to fail if it can get there, but most importantly it needs to try to touch 450 by Friday afternoon, Monday, Monday this time. So great entry. Really, I congratulate you on your entry and now you have to live. Now it's up to the price. You've done your job. Now fuel cell energy has to follow the plan. Can I bring up another point that I'm not sure has validity? When I look at short interest, I use fidelity and it has short interest or a short percentage is what the designation is and it says 15.90 percent and that has a date of July 29th. Is that potentially a mover for this? The person who does a lot of work with the short interest is Dave White. If you have a chance, why don't you give Dave a call, ask him that exact question. He'll be able to give you a much more lucid answer. My only answer to that is the short covering has been a pertinent feature for many of the rallies. But when you think that it was down in the threes and it went to 550, it's more than a short covering. There were buyers there. My suspicion is that if it holds into the 450 area by Friday or Monday, then you're going to get the same thing right now. Because as it went into the last three candles, the people were shorting at 450 must have thought, great, this is it. It's going back down to the threes. So they're kind of shocked. So first this was shocked. They don't do anything much about it. But if tomorrow it follows through, it should be a strong candle. Because if their short covering is a factor, it's going to add fuel to the fire. So that's really what you want to see. But you also want to see buyers, real buyers come in and those buyers will come in if it fills the gap above 450. And the best it can do on the down side is go to 447 and then go to 463. That'll be fantastic action. So that's the scenario. I don't want to draw it in just now. Other than to say, my eye says, I would first of all say the two fighting patterns. And my eye says that the resistance in the 450 is for the H pattern, you know, the pattern I call the dreaded H, that's where you've got your greatest risk of some kind of a pullback. But I think you did that. I mean, if you got in yesterday and you saw this happening today, one of two reactions should have been, first of all, just grab a little bit off to say, wow, that was great. Just for money management, just take a little bit off just to show, to prove to yourself that you can do it. You've done it right. And just as a compliment, and then let the rest go the way you've been planning and let's see what happens. But I love the fact that it's holding just tight at the 9 and 14 period moving averages after this big bounce, holding beautifully right now. Let's see what happens by the end of the day. If it can close at the high of the day, I think you've got the short squeeze going as well as new buyers. Hope that helps you. It has. Thank you as always. Thank you very much for calling. I appreciate it. So folks, a couple of things I want to look at you. I wrote it down. I don't want to run out of time for that. I wrote it over there. So let's go to that. Yeah. So let's just do this. So the questions have come in about, say, the FXI. I haven't updated it, but FXI made a lower load today. Big green candle at 29.68. This is the China. This is the large fund. It just, I can see it bouncing here, but I think it's stuck in a range. I think most of the Chinese stocks are stuck in a range. Just I wouldn't be messing with them. Yeah, big candles in Bobbo as well. So they could be a bit of a bounce. 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This is a chaplain wave-falling ax formation and all you can do is the homework and then you have to wait to see if it actually pans out. So what we're looking at here is where did that go? There it is, one, two, three. Yeah, so this is a pattern that I've discussed many times. Prices rise, rise, rise, and they start to fall. You make lower highs and much lower lows and you find support. And then if it takes out the declining trend line and goes above the falling ax formation, declining trend line and goes into the chaplain wave inside track repellent zone and then becomes a propellent zone, you can see it will make it simple. You've got a declining expanding cone, it goes from the low, takes out the upper trend line, you can have a one-to-one to the upside, maybe even going towards the left side high. Well, the way I look at it is this. Oops, where did that go? I took the wrong thing. So this is the five-minute chart and it's gone. There's the falling ax formation. This is the expansion. I was very conservative. I then go to the trough, obvious trough, and this says one-to-one. We've already done that. You see it a little bit. Now what you need to see, you've got a peak C and it's above the previous peak D by just 50 cents or something like this. This is the five-minute e-mini. Well, now you want to see strength over the next, you know, about a rule of one, three, six. Well, we're already at bar six. So it's like you have to get a brand new trigger for a buy signal to be able to take it to a leg and brand new leg D, about 41, 43, 50. And my timeframe would say that by 21, 21, about 11.30, sometime in Steam Show that's coming up right now, you want to see a price above that. I think that would be really good action, especially for the five-minute chart. And key support now is a 41, 41.32 to 41.28. Hey, have a wonderful day. Stay tuned for Steve Rose. Check out my opening call. We're at some new positions today. I don't know if they'll work out, but that's what we're looking at. Have a wonderful rest of the day.