 investors. 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. Hazel Chapman here on this Wednesday, January 26th, and we're looking at a Dow that's up. Oh, I got Mauvel there and it's just Mauvel's doing very well, but it just went right to the 200-bit moving average and now it's up 4.71. Okay, that's Mauvel Technologies in the semiconductor area. Let's get back to our story. The Dow. The Dow right now is up 435 points at 34,734. There are a couple of things that are going on. The most important for me has been that it has been the selectivity of what is moving well, and it's fascinating to see that some of the oldies, some of the traditional type stocks, the Dow type stocks, are actually doing very nicely. But if you come to the QQQ, look at this, the QQQ right now, look at the move that it's had from the high of, was it at 368? I think it was, yeah, 368 back in November 22nd, 408. Is that correct? Yeah, 408. We're looking at 408 coming down to the low of 334.15. That is a huge move to the downside, and that is why I'm saying that I'll be doing this in my Saturday overview for my subscribers to my opening call. We're looking at a very different market as opposed to where it was going to highs early in November and perhaps early December, into the whole of November and early December based on the key indices. Then the serious decline has seen so many of those amazing Nasdaq type stocks, the Investor Business Daily 100 type, just get decimated, and now they're trying to establish some kind of a base. But they haven't really made the kind of base that says to you, wow, that is a really nice V-shaped recovery, and now we can start hitting higher. Even if we make the arch formation that dreaded H to do a retest, it should still be a pretty decent bounce. It's just in the process right now. What is happening is that we've got a lot of select areas, and the select areas include something like an XLE, which is the S&P Select Energy Spider Fund in a leg C in the daily chart, are almost in an independent mode. A weekly chart is leg C, monthly chart is leg E, breaking above all the previous resistance going all the way back to 2019 basically, and that just says that we've got a rotation going on for geopolitical economic reasons, and we've got to respect that, and that is good when a market has a rolling correction with some areas that we're at highs, just taking 30, 40, 50% or more declines while other areas are really holding the food. What was the GLW, I think it was, so look at this, maybe it's earnings, maybe whatever it is, up 5.65 at 40.98 corning ink, glass products, just yesterday in the day before it was in the 33 area, 35, and yet it is at 40.91, and that's what I'm saying that we're looking at areas that are core to the economic process, and that's the reason why I want to spend some time this coming Saturday for subscribers, outlining what I'm looking at for this first quarter of 2022. Now let's just get back to our story, you're looking at the IWM, this is another area, look IWM, IWM is the Russell 2000 ETF, it goes down to 191.23 three days ago, it's now at 202, you say, oh hey that's pretty good 10 points, no, this is nothing, this made a high back in November, November the 8th at 244, 244 down to 191, I would say that is a pretty serious decline. Now what's really important about this is that if you're looking at this, if you compare the regular ETFs, let's just go to the SPY, look at the SPY, up 7 now, up 1.7% at 441, yes it's a big move down from the 479 high down to the 420 low, but that 200-period moving heavy, we went under it, now we over it, that so far is a sign that says we're trying to establish something that finally gets the MACD histogram, that's the 9 above the 14, sorry the 9 above the, it's the 9-period differential that is above the 26-period exponential moving average, well it's actually far below it right now, and what we're looking at is within the context of the histogram, the little vertical lines, this is the first time we're seeing a little squeeze that says the lines are starting to decrease, and that's really important, but to get this MACD to cross positive, I'm not sure, why is that green, that should be pink, oh anyway, that's the, that's right, I understand that, and what we need now, it's a minus 3.44, we need to see the Instagram start to improve, and that's going to take a lot, that's going to take a price move to the 447 area, I don't know about, that's the pink 9-period moving average, the black 14-period moving average is 452, so what I like to do, and this is what I do, subscribers know, this is basically what I try all the time, is I try to forecast, and forecasting is always very difficult, but I'm only looking at patterns that could appear, and this pattern says there could be a bounce, and that bounce could go a little higher, and then we've got to be careful that we don't start to do a retest of the recent lows, I have to say, I'm not predicting that, I'm saying these are patterns I look at all the time, and this is what I would normally do in a V shape, attempt at a turnaround, the day is young, we've still got the Fed speak to come, we just don't know, that's number one, number two is, if you're looking at gold, look at this, gold is down a little bit here, it's down 16, at 1836, it hit yesterday, and the continuous contract of 18 was at 57, 1854.2 yesterday, now it's trading at 1829, no big deal, but I said before that I don't see gold really having a superlative breakout to the upside, I do see that it's within a trading band, it's just making higher highs, higher lows, and now we've got the rectangle formation that says, if it continues higher, the big resistance will be up at that 18, let me just get that a little slow today, 1875 area, and the key support will be 1822, close under 1822, you're looking at something very different, and now what we're also looking at is, because of that we're going to go to silver, silver is at 2387, it's down just .02, it's a stuck in a range, this is the big deal, here's the dollar, look at the dollar right now, the dollar is up 10 ticks, it made a lead C yesterday, it did go back into the rectangle, this is now a path that I need to talk about in a moment, and look at the USDJPY which is a checks in the direction of the dollar, I try to buy this. 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When I saw all over the show we've had a huge group, almost up 500 just recently, and now it's up 342 in the dark, 65 in the S&P. So let me see if I can go back. So mentioning that then I'm going to go to this right away, that wood, this is the Ice Shares Global Timber and Forestry ETF people were talking about lumber. I'm looking at the actual wood ETF, the Global Ice Shares Timber and Forestry ETF. WOD is a symbol trading at 88.20 up 65 cents. Yes, it made a 95.27 peak in the traffic wave on the 13th of January. It cascades down to the 85s and now it's trading at 88.20. Let me just give you the exact low. That low was 84.97. That was a peak D in the weekly chart. We were anticipating some kind of a pullback. If you remember when we were looking at those weekly charts, when I showed the triple deal chart, etc. Now let me go back to what I was talking about before. The dollar had a really nice move. I need to take just a moment to talk about this. I'll probably spend a little more time on it in my overview coming up on Saturday for my subscribers to my opening call. It's really an important moment in this particular phase of the market, having had a pretty good pullback and not a major decline in what H12% depends on which key indices you're looking at. Most importantly is the pattern that I was talking about, that you could get. This is a fulcrum, the rectangle, the long, narrow trading band for the fulcrum, 96.94 on the dollar index, back on the daily chart, 24.11. That's the 24th of November. Comes back to 95.52 and then goes into a trading band between 96.94. It actually goes almost to the tick, 96.91 on the 15th of December. That's amazing. And then it just goes right through the support of 95.52. It tumbles down to the most recent low of 94. I think that was 43. No, 94.63. And Yerid is trading in 96.08 in leg D, could be a peak C, back into the middle part of the rectangle. And that's really important because what I'd said is this pattern very often, you go above it, then you go and then you test the support. And if you start to make lower highs within the rectangle, it means that you've now essentially moved your slide rule down. And as a result, you can break below it. But what happens is that you come back and try to revisit the lower part of the rectangles. It's so quick that it's like you forgot your hat, your sunglasses, or sometimes lotion, whatever it is. And you go back to pick it up or say goodbye to your friends because you never had a chance that you were visiting for so long for months, in fact. And then you go down. And the big thing is, do you test the left side low or do you come back? This time, instead, we've had red candle, sorry, green candle, red candle, green candle, red candle, green. And now we've had two other days now. So far, two green candles since then. And it is already at a peak C sometimes big moves up, big A than a B and a C. So this is a big deal. Why? Because it says that geopolitical economic aspects are saying that in the global aspect, there is people don't realize just what volume you get in US Treasury bonds in the bond market and what kind of volume you get in the dollar market. Because these are governments. These are not regular folks trading. These are governments that are getting in. And as a result, this move with the nine period in the weekly chart still way above the 14 is extremely positive. It says there could be a third test of the 9690 area at some point. And most importantly, in the month of February, if there is a close below 94, that's going to be the first serious blow to the dollar in a long time. But in the meantime, the monthly chart is still acting pretty well. Then I wanted to go to the EURUSD. I'm not sure why it always goes like that. It's part of the windows, I guess. If the mouse moves, if the arrow moves in a direction or a certain area, it goes back to basically your background charts. So what we've got here is that the euro is down, made a peak, a serious peak in the Chapman wave. Top, back around about the 12th, 13th of January, is slumped down from the, I should maybe tell you, I'm going to type it in here, 1.1418, 1.148, I believe it was. And yet we are at 1.127. So, and look, you couldn't hold above the 14 to nine period moving averages in the weekly chart. That's usually not a good sign. It's the uppercase A, Eiffel Tower, straight up, straight down pattern. Now what we're looking at is that the USDJPY, this is the YEN, nice mover. And isn't this amazing? How on earth could you ever predict that a market made up of thousands, hundreds of thousands of trades, millions probably of actual trades, can see a series of lower highs from the peak that was made in the USDJPY. I usually don't type these in because these get smoothed out and the price is changing. But at 116, 3.45, right about the 22nd or so of December, you start coming down and every one of the lower highs can make a beautiful trend line barely pierced until today. So you've gone from December, sorry, January the 4th, January the 4th with that high, and you've come down until today. That's what? 20-something trading days? Let's see how many. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19. 19 trading days. And all of a sudden, what are you looking at? Today we snuck above that trend line resistance, shadow wave inside track and falling axe formation. But the MAGD histogram is improving, but it's still got a long way to go for the 9th period to move over above the 14th period. And the stochastic has got the W formation, but it's still only at 16%. And it's made a peak D already in the weekly chart and a leg D in the monthly chart. So it's just directionally that it's trying to move in the direction of the dollar. That's really what I wanted to say. It took a long time to say. And if it goes back under 113.5, that's going to be a negative. That's going to be negatives. And it might take a little while for it to decisively just time alone. We'll move it out of the trend line, but it needs to have all the technicals confirming in the nice the way above the 14. I want you to show you, I showed you gold, I showed you silver. Oh, BTC. So Bitcoin is up 1,065. Yes, it's coming off a low that was made from 69,950 back in the week of November the 12th down to the low of 36,570. I would say just between you and me, 33,000 from 69,000, I would call that being cut in half. Therefore any rally has to now build up a lot of credentials and veracity at the bottom to be able to get a sustained move in the Bitcoin. And I said to subscribers, we could see a balance. And we have a particular stock that very low price, a single digit stock that could in fact give us a sense of how to play this very inexpensively. We'll keep an eye on that. And that's another thing I'll talk about on Saturday, my overview. It's going to be a different one. It'll be quite a long one. And it'll be very detailed looking out for the first quarter of 2020. Are you having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex creditor in the trading markets and join the Tiger's Den Trading Room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with these sharpest minds in the trading world. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our TFNN hosts live during their shows. 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So what we're looking at here, I had a bunch of questions come in at the same time about the semiconductors. Could I go through some of them? What about the semis? So look, this is really what I'm talking about. Do you see that 318.82, 22nd of November? Yes, the daily chart. November high at peak F, pulls back to 290. And then we go into a trading band and retest the 318, 314, 318 area a number of times. And then it breaks down decisively. This is a deeper decline than you would usually see that I would usually see in the rectangle information that says, who? We should have a running back to the rectangle, inside the rectangle formation before we come back down again. This is a little different. This says you've got a number of, you've gone under the 200 period moving average. That's never a good sign. Not if you make a v-shaped type of recovery and you keep coming back and testing that 200 period moving average. That's why this is such an important week, not just an important day with a Fed talk. Why? Because within the context of, so someone said, what about the width of the, yes, this is a rather wide, this is necessarily an elongated one until you open it up. And then you can say, hey, wait a minute, from where we came way back down in the 200 area to 30 or so, 240 area back in October of 2021, we went all the way to 318. That's a big move to this rectangle. Yeah, it's not one of your narrow ones, but it's kind of, it's a sine wave that you keep going over and under and over and under the midpoint. And now you've got broken to a one, once you get the one to one 318 down to 290. So that's 28 points, let's call it 30 points, that was a 10% correction. And then you go from the low that was made at about 287, subtract 30, you get exactly 257. So there's your one to one using the TF and then lightning ball technique. And what we're looking at here is within the context of the balance, so far the day is so young. I mean, we've got a whole day, but now that does only up 177, we'll be up 500 points almost just moments ago. This is a very important phase. So the reason why I say is because I am looking at two things and I'm trying to assess them. I can't get the information I'm getting from the internet is a little different to what I'm getting from people who are actually in the know who have a direct consultation with the semiconductor industry or companies. This is really confusing in the sense that I am looking at there is no way that we can't expect at some point a glut. But before we get the glut, we're looking at what is happening right now. So let me just run these quickly. It's alphabetically advanced micro devices. I made a low of about 106 ish just three days ago, trading at 113. It's under the 200 period moving average. It went under it. And three days later, it's still not so far. It has to be able to get above 115.16. Not 115.36. That's a six or a five. I need the correct figures that you know what I'm talking about. 115.35. It's at 113.72. It did try to get to 115.82, but couldn't hold it. So this is going to be important. AMAT applied materials, applied materials want to move 167 down to the 130 low of three days ago. Now it's at 137 just over the 200 period moving average. It is so important that all of these semiconductors by Friday or Monday this coming week go above the two above the nine the pink nine period exponential moving averages. For AMAT, it's at 137 right now. It needs to close above 142.36 so it can push to the 145.14 period moving average. Let's go on. I mean, I don't know if I can go alphabetically. I should know. I usually type these. Let's do TXN, which is Texas Instrument. Had a really good result yesterday. It's up almost seven at 180.88. But look at this down channel. Peek Detop, the most recent top round about 198. Boom. It goes all the way down to the low three days ago, 172. And now it's just making lower lows and lower highs. Can it hold? Well, I do have it in the monthly chart. I'm calling this a peak B. I could give it an alternate count of F, but I'm calling it B for now. That's Texas Instruments. One that you don't hear very often, but evidently they do a lot of work. I thought I read in the automobile industry. Well, let's do the automobile industry. Look at Ford. Ford can't hold its gains. I see that move up into the 25.87 level on the 13th of January. Something's wrong. They don't have enough costs to sell. You can talk about the outlook with electric cars. But right now, all the automobile companies, General Motors, having a terrible time, General Motors, look at this, from the 67 level down to 49. Now it's at 53. That's not a great looking chart for now. I mean, you can just go on. It's a good Tesla. Tesla is the king of the kings because their production must use so many more semiconductors than the others. They must. I mean, the electric car, the leader, they must have, by now, maybe they've cut back a little bit. But everything's electric. I mean, everything you drive, someone has to change the volume. You have to go to the screen. It's pathetic. But it went to the 200-speed moving average from 12.43 all-time high, back around about the 4th or so of November, hits 85, 851.47 200-speed moving average three days ago. A 930-round number close. And now it's at 9.47. It's struggling. I'm just trying to put this in perspective. And that's the reason why I haven't been able to go just fully bullish like I normally do on a VIX index low, a high that was made at the market low. At 38.94 three days ago, it's trading at 29.62. This should be leading to the kind of action we saw half an hour ago with the Diaoza 500 and the S&P was up over 65. And it should be a follow-through. Even if there's just a narrow close tomorrow, Friday should be a whopper and we should have a real takeoff. I just think there are a lot of encumbrances. Let's go to Marvell. Marvell, oh, I don't want to take too much time, there's so much to talk about, goes to the 200-speed moving average from 93.85 higher. That was a double bottom of the 8th of December, 93.85. It goes down to 66.97 and 66.95. So the 66.97 low, wouldn't you say the 93 to 66.37? Whatever I say. Wouldn't you say that that is a significant decline? Marvell, one of the great semiconductor companies up until that high that was made. What about Nvidia? Nvidia, the absolute darling of many, many people in the semiconductor area. It's just been decimated. Look at this. Nvidia having a roof today up 10 at 233, but it's gone from 346 with around number 319 low on the 22nd of November. Peak E all-time high in the dating, peak F in the monthly and it slumps down to 208.80. I just need to check. Did I update that? I think that's correct. 208.88 and this is all it can do. That's why what the Fed says and what the market does going into this afternoon into tomorrow is going to be really important. I think the semiconductors are telling us that there is a decided slowdown in the areas that are using semiconductors, the availability of semiconductors at this particular point and the effect that it's had and you could see that in the order of the companies. That's why this is so important. I'll be back to talk about some other areas in the market. 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. 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Visit directioninvestments.com slash biotech today. An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact direction shares at 866-4767523. 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. Don't forget, you can listen to tfnn live on your mobile device 24 hours per day. Go to tfnn.com and then hit watch tiger tv. That's tfnn.com and then hit watch tiger tv. So, uh, this is in the tiger youtube channel. Tesla uses pure but pure ICs. Yeah, that was my concept when I was talking about it that Tesla over the period of time that it's been a hugely successful company must have modified, uh, their, their, uh, whatever chips they do, whatever they do with the chips. And that kind of con that kind of fits in with what I was looking at the chances of that they are judicious in the use of, they are able to be judicious in the use of their chips because they've already got everything connected. Now they just have to refine things. That's different to these companies that are trying to add all new features, et cetera. Pell was mentioned that Dan, um, uh, look at PLL, palladium taking off. It's actually been taking off for a while. I think I'd mentioned it as it was at the bottom here just about, I think it was three weeks ago, maybe, um, but I, I, I didn't have it. It's actually something I would consider for my subscribers because I think the whole area of the commodities is just looking so intriguing. I mean, the way the, even the soft commodities have held up so beautifully. So this is peak A, B. And then remember you have to count the Chapman wave. The only obligation you've got is to count each, uh, each peak and trough, especially the peaks. And that resource, look, peak A, peak B, but underneath it, you get another little mini peak A because you never took out the low starting point. If you take that out, you negate everything. You have to start over, but this is another peak A. That's a peak B. That's a peak C. And now we're in a leg D. You wouldn't think it's a leg C, but if you don't count the Chapman wave correctly, and all you have to do is count each peak, you'll see that you had a couple underneath. And therefore you're now in a leg D in the daily, above the turn, way above the turn, the period of moving average of two or three at two, 18, up 13, and the weekly chart is A. Now, I'm starting to save everything, so I'm not losing charts like I used to. Ooh, I shouldn't speak. Oh, you shouldn't. I never said a word. Nobody heard me. I never said a word, but I am saving every, every, every moment I remember I hit the save. And that really has changed everything about. I should have been doing this years ago. I would have charts. I would have a Microsoft say, going back to 1998 or 1999, every day notated. In all my charts, I'd have all of them notated instead of having to redo them so many times. Every, every note, every notation you see is hand done. Now Steve Rhodes has a really good job. He's automated, but then you don't get all the refinements. For instance, a little inside ABC, probably that would have it at C rather than a D. That's, that's what the I vision in one second, not a second, in a split second you're able to do. And that's, that's important. That makes the 203 to 198 area really important support for palladium being in leg D. Question about the VIX, I can't actually remember now exactly what happened. The VIX index on Friday was acting quite well. It was green. And what I'd said is if, if for a change on a Friday, if we close green nicely, that would make the weekly chart really important. And what has happened periodically, what we've seen is that even if there's a green Friday, it doesn't go more than one green bar in the, in the weekly chart of the VIX going back forever. Green bar, then a red bar and then you get this little thin wick at the top. You know, you didn't get the thin wick at the top that was not the 4th of September, 2020, when it hit 38.28, but the October, I think high at P, B right there at about 40. And then what happens is plummets down to the 20th and rallies back to 37.51, 29th of January, 2020. And each time you get a green candle, then it pulls back. These are weekly charts. And now we're going to see what happens after FedSpeak. Now the Fed, now I've been saying all week, I don't think the Fed is going to aggravate the market. Most of the time we've actually had pretty good rallies after the FedSpeak. Today they might, oh maybe a day or so of little shaky, shaky, at worst. I don't think there's going to be a big tumble. We're up and now we're, what? We're only up 102 right now. You see, this is what happens on Fed Day. And that's the reason why I did not want to chase anything at the open because on FedSpeak Day, what happens is however low you are, however high you are, as you get into the 1.30 to 2 o'clock timeframe, there's a narrowing. And you can see a huge gain to go almost unchanged or a huge loss suddenly become unchanged as everyone waits the Fed. And then what happens is the market just continues doing what it was before. Well, what was it doing before? It depends where before as if before two days ago, that's great action. If it's three days ago, you're looking at serious decline. So all I'm saying is what's the VIX index? If the VIX index, this afternoon at 345, 15 minutes before the close, is starting to drop below today's level of 28.08, gets to the 27, and the market is just having a fabulous rebound. I suspect that this will continue now for a little while longer. If, in fact, there is a negative response, because we've already had the big anticipated positive response, if there is a negative response, then a question is, so are you still short the Dow via the DOG? And the answer is yes. I've raised the stop. We've taken a little bit of a gain, a little off with a very nice profit. We've still got the position short. And I'm just saying, let the market tell me, I missed two good opportunities in the Dow. And I believe me, I absolutely thought of it, if I had on, was it what it would be today, Wednesday, Tuesday, Monday, if on Monday, when I was out the office and the market came back to minus 730, at that exact moment, I would have probably, I don't know, you've got to be in that position, you can't just anticipate that you, you can't look 2020 and say, oh, yeah, yeah, yeah, I don't know. But I think I might have said, let's take a really good gain in the DOG that we've got, and let's switch to the diamonds with a four point stop, and then raise it and just treat it as a trade. And that'll get us back to being only positive in all our positions. And it would have been positive because we still have the diamonds long from under 211 from way back, just after the low that we got from March 23rd of 2020, where we went long options. And then we switched to the, we didn't switch, we actually added the Dow diamonds under 211. And now the diamonds are trading at what for 344. So there's a really nice gain there. But I see it, we've taken a little bit off, we kept the core position of that position, the diamonds, shorter term, we've been playing short, long, short, long, now we've been short since, what was it on the third DOG, on the 11th of January at 3166. And it's already had a really big move, it's already gone to the the DOG, oh no, you didn't, you didn't do that, did you? No way, oh, give me a break. Close program, oh don't close program, please don't close. Okay, so now we're up only 155 in the Dow, but believe me, the day is young. Close program, oh no, I had to close the program, I might have lost that. It doesn't matter, here we go, we've got one more segment to go, it's been exciting there, it goes up 165 and I was talking about the DOG, oh the DOG has already a copy below the short, you know, G, it had a high of 3460. Sharpening your skills as an investor is like getting better at playing a musical instrument. 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If this was meant for me in the Tiger YouTube GGG, 3G's Grace Fluid Management Product Packages. Once or twice we've had this, but it's been on my list as an infrastructure stock. Fluid Management Products Packages, Grace Company, GGG Trading is $0.7239, up $0.98. You see, this is what my issue is here. It's different to a Caterpillar, which had a really nice takeoff from the low and it didn't pull back like any of the others. So that's infrastructure. That is deep, deep cyclicals, heavy-duty equipment, Caterpillar. Nice move. It's acting a little bit better, but a GGG fits into the category of other stocks that I've looked at, like Jacobs Engineering. I think that's one of them. Look at that move. Jacobs Engineering going from almost 50 area, 23rd of November, down to 125. These are big moves and these are infrastructure. So this is why I'm saying, I'm trying to be careful. If I had got in there, I would have said, I think that we've made it established at least a decent bottom that can be tested a few times. I just don't know yet about the upside. So far, it isn't that V-shaped pattern that I usually look for. If it is, we'll just switch. There'll be plenty of stocks to buy. Don't worry about it. And it could be a rally that does last a little bit longer, maybe two weeks, and then we have to get a big test of the automation. I don't know yet. And that's why I'm saying that there are a lot of things that are looking very positive, but wow, there are a lot of things that are not looking well. So this is making it as simple as possible. So if the VIX index, sorry, if the SMHs can close by 305 in the 278 level, that's fantastic. They're 272. If the VIX index can slide deeply into the 27th instead of the 293 right now, that'll be a positive for lower than 27. So just keep that in mind.