 The Tiger Financial News Network News Update Okay folks, a mid-afternoon update for TFNN. We've recouped about 250 points in the Dow Jones Industrial Average and about 30 points in the S&P which is pretty good, shows there's a bottom in place. The low today boys and girls in the Dow Jones Industrial Average down there at 33,520 was exactly the 78.6% retracement of the low that was made on the 26th of April while I was in Las Vegas doing the money show. So these folks that do these algorithmic things know pretty much what's happening so keep that in mind as you go through and see some of these things occurring the way that they're doing. Okay, now we're going to take a little break here from our usual show to cover some of the things that are going on because we have so much read across the financials and stuff but we also, the gold and silver have rallied back substantially from where they were the gold rallied up well over $25 an ounce, silver well over $0.50 an ounce. So I was telling you that the market was still having some pretty good movement as we went through here. The big surprise which well it wasn't a surprise because we had Mike Moore as our guest yesterday and he was expecting a pretty substantial move down in the crude oil complex and that certainly has happened but these markets are very volatile as Jeff Hughes just put out and Jeff will be telling us again some of the same things that we were talking about earlier but the main thing that we want to do is we want to be able to keep focused and make sure we don't get trapped into something that could hurt us really badly. As we posted that chart yesterday there was a potential for a significant high coming in yesterday because there was no follow through at $4206 and now we're seeing the market sell off but that could take it back very easily and go much, much higher. These patterns are there to protect you folks because when they're wrong and when they're wrong they go a long way against you and that's what you don't want to have happen. So let's keep that in mind and if you have any questions 877-927-6648 and we're going to be going across the pond to look at some of the foreign markets when we come back.