 Everyone, Basel Chapman here for the 11 o'clock Tiger Financial News Network market update downtown 545 at a new low. This is really important, 34,583. If it keeps going like this, the 34,200 period exponential moving average is going to be kind of a target. Let's see what happens by the end of the day, this end of the month, we'll see what happens here. Definitely, the weekly chart is signaling that it's now gone to a cell signal upgrade potential by this Friday if it continues week like this to a cell mode. Let's go to the S&P. The S&P was doing very nicely and all of a sudden turned around and the S&P now is down 46, that was quick. To a lower low, it's a leg C to the downside. This is confirmed that it's in a cell mode in the daily chart, nothing yet in the weekly chart. The QQQ of the days, young member, is turned around very sharply from a very nice earlier on, 401.19 high, 408.71 was the all-time high on the 22nd. Is this going to become the dreaded H? The dreaded H meaning a lower case H to show you the chart real quickly before we go to the other indices. Looks like this. The Chapman wave methodology is straight down, makes an arch formation, fails at a peak A or a B. This could be an A. We haven't even got a peak A yet, but if it turns down and takes out 389 support over the next coming days, that's going to be very negative. We're looking at the IWM, the Russell 2000 being weak, oh, very weak right now under the 200-peer moving average. Has Gold taken the lead now? No. Gold has taken the lead to the downside, down 11 at 17.73 underneath the key support level. Has the dollar started to rally? No. Dollar is down 0.59. Hey, wait a minute, TLT, is that rally sharply? It was as up as $1.74. Money usually flows from equities when they fall back to the safety of bonds. It's done that, but it hasn't continued so far, 151.07 up 1.76. If there is a close in the TLT, the Lehman 20th Treasury bond fund, above 152.50 in the next day or two, that's just saying. Loads are coming down, and in fact, the market becomes a lot more vulnerable, and we're looking at the last thing I want to look at. It was crude oil. Look at that during my show, plunging down 2.86 at 67.09, weakness. I wonder if the Fed is going to deal with this in terms of weakness. So with that said, I'm going to hand you over to Larry Pizavento coming up to your wonderful show. There's always great programming here. We're looking at, oh, first of all, let me just say be careful for the close today. It's going to be really important. Then we're going to have Larry, thinkorswim, Steve Rose, Dave White, Tom Albright, have a wonderful day, and check out my opening for the years to come. See you tomorrow.