 as a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Let's go to Andy in Boulder, Colorado. Hey, Andy, what's going on, brother? How much are you doing? I'm great, man. It's all pretty good. Hey, congratulations on the grand baby. Yes, thank you. I know. Tommy just sent me a picture. I mean, it's gorgeous right now. He just was taking them out for his first walk in Suwanic. He's prowling and prowling already. Yeah, I bet. Now, Tom O'Brien. I vote this is Basil Chapman, sitting for Tom O'Brien. I usually do the Tiger Technicians show, 10 o'clock to 11 o'clock AME every day. And I also have the opening call, Danny Market Newsletter. Let's look at the 3 o'clock time frame price. The Dow is down 700 points at 29,383. Just went right through the 30,000 millennium level that I thought would be a very important level to hold. Nope, it just went right through. What we're looking at here is, let me just quickly do this pattern, then you'll know exactly what I'm looking at. You see this pattern is expanding cone, rising lows and much higher highs. And then it comes down normally when it fulfills an up move going to at least four or five higher peaks. When it comes down, it could retest the left side low, but usually it doesn't go under that for very long before it bounces. But look, 29,653 was the low of the 17th of June. Earlier this year, had a fabulous rally from 29,653 all the way to 34,281. That was what, exactly two months later, 8,1622. And then we came tumbling down. You see all these little H patterns that were failing and now we've got this huge extension to the downside. So as I'm looking at this with the Dow down at 29,455, you can see a pattern that I talk about very often. We call it the dreaded H pattern because if you take out the left side low, you can go quite a bit low. You have two bars, sometimes three, they wish to try to get back above that left side low. That's the arch in the weekly chart being repelled from the Chapman Wave inside track repellent zone right there, we've come down. And you can see this monthly chart is starting to leg C to the downside. Now what's very interesting here is that if you look at the S&P, the S&P is down at the 3,673 level but it's 3,638. I believe it was 3,638. I should know that I've spoken about it all day. 3,6, there it is. 3,638.15 was the low of the week of the 17th of June. Very sharp rally to the 4,240, I think it was 43,25 level. And then what happens is it comes down but so far it hasn't taken out that left side low. And you can see the weekly chart is, the technical indicators are failing and what you've got in the weekly chart is finally there's an S and that says that the nine period moving average has finally turned underneath the 14 period moving average. We've still got a whole week to go for it to try to turn up again. So this is a very important moment. We'll do the QQQ right now. The QQQ is the NDX 100 Invest QQQ Trust Series. It's like a fund for the NASDAQ 100. And here we are going to the Chapman Wave inside track. It should be a pro-Palin zone, not a repellent zone. So this whole area into the 267 area is really important to hold in the next few days. And I'm gonna talk about the next Sunday night session going into Monday in a moment. But here's a leg, each of the downside in the Chapman Wave, the H pattern that we're talking about. It's sharply low. It's gone one to one to the downside in the IWM down five at 166.37. And 162.48 was the low of June. It hasn't taken it out yet. And the monthly chart is arched over. Now we need to go to gold. Gold is down very sharply, down $30 and $16.51. Now what we're looking at is for the first time in quite a while, let me open up this weekly chart and you'll see something very interesting. You'll see that although gold is held extremely well concerning what the dollar is in a multi-decade high, the gold is still holding pretty well except it's at the 1651 level. And it says because it's taken out this key left side support, going back to about August in the 1720 area, this is gonna be very important because together with silver it's acting very poorly. Silver over the last week I've been saying silver is holding a lot better than gold. All right, let's go to the dollar because there are a lot of things we wanna talk about. We also wanna talk about what can happen on Monday. We are forming a pattern that says there's a good chance Monday or Tuesday we could make some kind of a look. Well, the dollar is up at 113.12 up at dollar 84, I should mention we've been along since 2018 in the 90 area. Here it is just a magnificent move to the upside but it is damaging, it's hurting the multinationals. Can imagine what profits are like with the dollar so strong. So what we're looking at is the dollar, I've got it in a leg seat means that sometime next week we could get some kind of a pullback. So far it's extremely strong. If you look at the Euro USD, Euro dollar currency pair, oh, it's just tumbled, it's broken all the left side supports. And this is gonna be interesting as well because this is a divergence that I haven't done anyone talk about yet. The US dollar Japanese yen usually follows the trajectory of the dollar. They don't necessarily go one for one to the upside or the downside but then kind of parallel one another. However, 146, the US dollar, Japanese yen currency pair, so the yen went to 145.90, this is the continuous contract on the 22nd of September. That's yesterday. Unlike the Dow, which is screened to another high, this is showing a stalling motion. Now I'll try to put it together with a volatility index just before we go to a break. And what we're looking at here is the volatility index is in a leg D in the Chapman methodology. It is up at 20 and it hit 32, 31 a little earlier on. It's a 31, 36. This is different to other patterns because once again, it hasn't done that very often. When you look at the monthly chart but look at the weekly chart, you see that 38.94, that was the high, what was that back in March? I believe at the March low, yeah. And at 38.94, that was February. February the week of the fourth. Since then, we've made lower highs and I've got a pattern that I call the Chapman deep inside track repellent zone. Look how many times. How does the price know that in a diagonal pattern, it's got, it just constantly hits a particular level and then reverses. I mean, I can understand horizontal when you say 120 but when you're coming down in fractions, look at this, we went right to the green line, the breakout line today and now we've pulled back just a little bit. If we close very solidly green, this will be the first time in a long time that the weekly chart on a Friday has closed this high in a green pattern. There was a moment when it did that back in early May and then the week of the sixth of May it made a high of 36.64 before turning down. So that in fact will take me to, let me just check what the time is. Just checking the time. That'll take us to the TLT which is the bonds and the bonds made lower lows today yet again, leg E in the daily chart and the yields are speeding to the upside. That's really important but look at this. Economically, the crude oil is saying, well, but we're in a recession for sure. You don't have to call it an official recession. It's down below 80 at 78.82. There's so much to discuss. When I get back, we'll talk about the potential for some kind of a low Monday, what we would look for if there was going to be a low and what we should perhaps think about over the weekend. I'll be back in a moment. Basil Chap is sitting in for the one and only Tom O'Brien. In a time of booming inflation, where you're purchasing powers eroded, there's no better place to protect your harder and money than ain't gold. This the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This the gold just completed the Monk Todd Feasibility Study, which resulted in a 7 million ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational, as well as environmental permits. This distinguishes Monk Todd as an attractive, devious partner, ready development stage gold project. Mr. Gold trades on the New York Stock Exchange under the symbol VGZ. 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I've worked spousal chat, but I didn't have a chance to actually draw this pattern in, although I did start it for folks in the den, they didn't see me start this pattern. And let me see, in the chat wave methodology, the idea is to identify a low bond and count each successively high peak. And when it gets to the fourth highest peak, peak D, that's the objective to get you to at least the fourth highest peak in a price time match very often. So look at this, it made a peak D in the one-minute chart, the E-mini at 1407-207 this afternoon at 369-4.50. It pulls back and then using a particular candle as a midpoint, you can go from, there's a bar synchronicity. I spent a lot of time in my workshops and for my subscribers talking about bar synchronicity, I gave this to the exact bar, we went to a leg D to a peak D at 3692.75 at 318 this afternoon. So I just wanted to throw in a little of the technicals that we tried to do here. So let me go through this, so crude oil has pulled back. Now, what is the scenario? There was a comment made a little bit earlier on that I just picked up as I came into my office to do this hour for Tom. And the comment was that it's very orderly. Well, it is orderly if like you in the den, you're watching this minute to minute or like I am minute to minute every day. But the whole idea is that there are not tens of thousands or hundreds of thousands, but millions of people out there that don't look at the portfolio until they hear something on the news later that day. So to say the markets down 670, that's a lot better than a thousand points which was almost what we saw a little earlier on. And what I've been saying, and what I said to subscribers from opening call is that I'm anticipating that if there is an ugly close to the day today, now this is an ugly close. If we come back from being down so sharply, we only down 300 points by the end of the day, that fits that scenario that says this is just a little too orderly to really get some kind of a low on Monday or Tuesday where the volatility index, now let me just go back to the volatility index to get that kind of pattern which many of us have been in the business for decades. What we, so first of all, these things don't usually happen on Friday. It happened on Friday, March the 6th, 2009. We were very fortunate we went along that date was the S&P that on the Monday made the low on the ninth. And that was unusual to have it on a Friday. Usually it's a Monday or maybe it could be a late Friday but usually it's over the weekend when you get this plethora of just horrible news. And by the time the future's open, Sunday night they are down sharply, Europe's down sharply. And in February by Sunday night or Monday morning, there's something to do with war. I remember 1987 was Suez Canal, suddenly out of the blue that's all you needed was a, this was the Monday morning, the 19th of October, 2000, 1987. So these things happen. So what I'm looking for, the ideal situation, now that the volatility is screamed up to 32 and hit this chapwave inside track weekly, it's still a repellent zone until it starts to trade for a week above that, maybe going to 33, 46 and closing somewhere above this trend line right here. So for next week, that trend line will be, I'll be as precise as I can, 32, 39. And right now we're at 30.93, we haven't even hit 32, 39 yet. So as it stands at this particular point, did I say 30? Let me just double check that says next week, that'll be 31, yeah, 31, 18. So we've already been above that inch a week so far and we're pulling back. So this is the ideal situation. The volatility index doesn't pull back much, but as we're going into the close, we've got what another 28 minutes, 38 minutes? Yeah, something like that, 38 minutes. There's another selling spree and the volatility index closes very close to the high of the day. The Dow, which is now down 648, starts to slide, takes out even today's low of 29,250, or gets very close, but it pulls back another at least 100 points or more from here, closes near the low of the day with the S and P. And as they come around the bend, that's the S and P is trading at 3,671. It's trying to catch up to the Dow. It is rounding the corner and it is second in the lead. It is down 86 at 3,671. It hasn't taken out the goal post of 3,638 just yet, but what if it gets very close by the end of the day? And what if the QQQ, the index 100, following us in third place? It comes around the bend and it is down sharp, it's down 6.36, as I said, 273.71. And we're looking at the left side, low the target line, which is at, what did I say? It was 269.28. We are very close, we have four points away from that. Time is coming to an end at four o'clock today. We'll see what happens there. But most importantly, what happens if as the market pulls back and we start to see it close, a lot of people will say, I've got to get out and they will send sell orders and they will send messages to their funds or whatever programs they have to say, get me out at the end of the day. I want to sell my mutual fund or whatever it is. And that leads to this Monday, a very sharp decline, especially if Sunday nights are very weak and there's bad news. I mean, international bad news, not alone economic news and let's face it, Krutor is telling us, I've been saying this for, I think most of the year, I've been saying, they keep talking about recession. Well, if you in the SMHs, the SMH is a semiconductor index, you've kind of been in a recession since January, where the price is just being lower and lower and lower. If you are in just XLK, anything to do with the high tech area or the tech area, you've been in a recession since even earlier, you've been in a recession since the high that was made back, I think it was December. Yeah, December the 31st, the weekend 31st, the XLK, the S&P Select Tax Spider Fund, hits 177.04, it's trading at 122 right now. So why they are waiting for an official designation to call this a recession? It's so many sectors. I went through sector after, look at this, this is the XLP. The XLP is the S&P Select Consumer Staple Spider. This is the area that really gets helped when you're in some kind of recession remote where the food sector, if you can go to GIS, which is GIS right here, is General Mills Foods, holding pretty well near the all-time high. If you look at something like a Hershey's, S-H-S-Y, also close to the highs, the highs are up in the 236 area, it's trading at 222. So it's within that area, but they're not doing that, there are very few sectors. You can go to the IBB. This is the IBB, IBB is the Nasdaq Biotech ETF, not at the June low, but certainly tumbling, it's at 114 now, just four weeks ago, it was 135. And the all-time high is up in 170s. So my contention is we've kind of been in a recession, it's just not an official recession yet. Look at the XLF, this is the financial sector. Look at that, down 2.3%, down 75%, it's a 30.79%. We're getting close to something, I'll be back in a moment, and we'll talk about the other scenario. 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 in 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 the 30 different mining equities. 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We are so confident that you're gonna 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 Charts 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. Hi, everyone, Basel Chapman, sitting in for Tom O'Brien. I'm the author of the opening call dating newsletter, and I've got a chart that just came up right now. This is the weekly, I call it the triple yield chart, and every weekend when I do my market overview for my subscribers to my opening call, I show these particular charts, very important. These are the weekly charts. This is the triple yield chart. The light blue here, the cyan, is the five-year yield. The behind it should be the white and the brown. White is the TYX, which is the 30-year yield, and the brown is the TNX, which is the 10-year yield. And look, they're breaking out. They're breaking out in this cup and handle with a very sharp handle moved to the upside. Very often that fails fairly soon, but this is a weekly chart, and look at the timber and forestry ETF wood, how it's broken below the 200-period moving average, like crude oil, like hybrid copper, and this is to say internationally, there is a lot of weakness, and look at the Philadelphia Housing Sector Index. It's making that H pattern, but it hasn't broken down as we speak. I believe that we've got a caller. I'm going to go to the corner if I can find out right there it is. We've got it called Keith and Cedar Rapids. Hi, Keith, how are you? Very well, Basil, how are you? I'm very good, thank you. You'd like to know? I was just curious. Tom had been talking about getting ready for a bounce and such. I wanted to get your take on things, especially after today's action. What do you see, if I may ask, over the next week or so? So this is very, what's happening right now, the Dow's only down 576, the day is young. Anything can still happen, SMB's down 77. One minute chart, I've got this in the new leg E in this pattern that we're talking about. So the scenario, the second scenario, which I said in the dim that I would talk about after the break was this, that instead of closing at the very lows of the day, if we were to bounce from here, just closing like minus 230, we've usurped a lot of the downside energy that would see a big sell-off Sunday night into Monday possibly, and that stalls everything to get a really decent V-shape recovery like we saw in June or even in the most recent one, just something that's a little bit more than a bounce, but something that you have to look at as a potential to reshort if you are short, if you're looking to short on the conclusion of the bounce, this scenario that we're seeing right now says, if there is a rally into the close, that would probably imply that the volatility index, let me just go there right now and see where it is, because this is current, this is live right now, the VIX is now up 30 point at 30.82, up 347, it's still a pretty strong move, but if it starts to close towards the lower end like under 30, and that just means that we might have to wait or that any bounce that occurs just is a chance to re-bounce it, it's just something that is going to fail fairly soon and we're gonna repeat the same process, maybe even by a week from Friday. So I think what your question is is, is there a chance that we can get a bounce? What kind of bounce would it be? What would it take for the bounce to be able to sustain itself rather than just to be maybe, for instance, this is, I always find this so fascinating, we talk about a bounce, we have to realize that from this move, down 575 points today, even if there was a really good bounce, 1500 points, all that does is it takes us into Wednesday's bar. So it's gonna have, you know what I'm saying? And I always say that the fascinating part of the loss, you know, very often people say, oh, we call the low, but there were a day or two early, but a day or two early is sometimes 15 to 20%, meaning that the rally has to come back way stronger for you to actually have said, you call the turn. So I always look at this and I say, you have to be right in the moment because even if you call the turn correctly, you might have to have say, let's say you wanted to buy the Dow diamonds, you might have to have a 10 point or a 12 point level of at least some kind of a stop that's very wide to be able to be successful or you could try it two or three times with a very small 1% loss. But the fact is all of this is not easy. When you look back, you say, oh man, if I only did this, I only did that. All I'm saying is that there's a very good chance based on, I'll go through a couple of charts while you're on the air. I don't know if you can see them if you're looking at Tiger TV, look at the XLE. This is the Select Energy Spider Fund, plunging down to the Chapman Wave inside track support level. And this is energy, you'd expect energy with everything that's going on with Ukraine and Russia, you'd expect energy to at least be holding very well, but it is not. If you look at, let me go to, I'll go back to the estimators, the semiconductors, because wherever the semiconductors go, mostly the trend in the general market is that direction. And this is very, very weak and it hasn't broken the 189.94 low of June. Let me just double check, 189.90. Yes, it has, it's just taken out. So what we're looking at is the timing is imperative. In order to do it correctly, either you're monitoring the market absolutely every second of the day, so that you can see Sunday night going to Monday. But now what happens if, let's just say, a best case scenario is that, not for a low, but a best case scenario in the market right now, is that there's a decent ready at the end of the day and that the S&P futures, for some reason, on Sunday night, open up sharply and we sort of meander to the upside on Monday. To me, that just wastes a lot of time. I want to get this, I want to get the low over, even if it's just yet another low that you're looking for a balance. So to answer your question, I'll be as blunt as I can. Everything I'm looking at suggests that the market is extremely oversold. And the question came in to me earlier so that I did this on my show is saying, if you keep talking about oversold, why aren't you very positive saying, oh, this is gonna be a fantastic buying opportunity? Why? Because timing is so important. Being wrong can cost you a fortune. You can try three times before you're right but the three times can cost you a bundle, all that you thought you would make. So I'm just saying for the general, the public, I would wait for something to happen. And what you really want is for a close above Thursday's high, let me go back to the, maybe the S&P, most people are looking at the S&P, so I'll go to the S&P. The S&P high on Thursday was three, I don't think it broke 3,800. No, 37.19.90. So if the doubt at any point in this coming week can close two sessions out of three above 3,800, I think we've made at least a near-term low that is tradable. And then what I'd say to subscribers to open the call as well as on the air this morning, my thinking here is that to go to individual stocks is so you could get a perfect timing on the market to pick the wrong stock. I would much prefer to be looking at the broader market. If you want to be aggressive, get a smaller position in a two or three times long. Don't get carried away because if you're wrong, this is a merciless market, it's not going to give you any credence to be being wrong. It's just going to smack you on the nose. So I'm just saying if you are thinking that Monday could be a turnaround and there are signs on Monday that there's kind of a, I don't want to see a v-shape recovery earlier in the morning. I want to see a rally and everybody says, yes, this is it. And then another failure. And by early afternoon, if we then get a sudden spike, and as we're talking now, if this is Monday at 3, 3.38 PM and the market has gone down from being 350 to now being up 250, that's the kind of action you would want to see. I hope I'm answering it in some way that is functional for you. Yeah, thank you very much. Appreciate it. I thank you very much for calling. Folks, we'll be back. PuzzleChap is sitting here for Tom O'Brien. Now it's down 5.70, we'll be right back. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a seven million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC Capital Market Assistance in evaluating alternatives and in completing an accretive transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC. Vista Gold executing a strategy to create shareholder value. 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Distributor, four-side fund services, LLC. tfnn has launched the Tiger's Den, hosted at Discord. tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den. Available to all tigers and tigeresses for just $1 for the year. There's no catch 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. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. I'm Orion. Hi, folks. So I just wanted to make it quite clear that yes, we could be making a low as we talk right now. Today could be seeing some kind of a low. The best is when you get this climactic low with a volatility index screaming even higher and everyone just giving up everything and selling and like a Monday off to really bad news. So what happens if this is a low that continues rallying into Monday, Tuesday, Wednesday, it means that there's a chance that a retest is going to be sooner because you've used up some of that hysteria that the VIX is indicating. Look at the TNX. Look at the way it is right now. Look at the screaming up. I've got it in a leg F in the chapwave in the daily. Weekly is a G and the D in the monthly chart. It says it's going to go even higher, but right now it is at a very critical area. If you're looking at the DOG, for subscribers to my opening call, we have the DOG, which is the inverse of the DAO, the DIA. We have it from 33.37 back in August the 22nd, just before the big tumble started. And here it is. And I drew this in for subscribers. I said, look, this is what we are looking, this is what we are going to trade. And we've got a left side, right side, price time match. I can't go to the low of the 16th of August at 32.49, but the high that was made back in July at 37.52, if I use a particular candle, I get some kind of a high coming in and so forth. This is the leg C in the chapwave methodology. We usually like to go to a D, but in the inverse, they don't always correspond exactly in the waveform. So here it is at 37.50. 37.52 was the left side target. It hit 37.90. So it's achieved a chunk of what we wanted to look at. The other thing I wanted to do this morning, I never had time for it, was the SH, which is the spy, the exact opposite. So in other words, as we were shorting the Dow, so the spy as short is the SH, the equivalent of the spy, but going up instead of down. And this is in leg E, the target on the left side was the 17th of June of 17.20, today's high 16.99. I got it in leg E. So it's getting close to some kind of resistance level. If you look at the SQQQQ, that is the SQQQQ is the, here we go. This is the inversion, the three times short the QQQs, you've got yourself a Q slash C, sorry, Q. You've got a G slash C in the daily chart, but if you're looking at the technicals, the MACDs good, stochastics at 90%, that's what you look for in a bull phase, of course there's a bare instrument, but it's a bull phase. And the nine is way above the 14, there aren't any signs yet in the QQQs that this is a pretty major turn. So what I'm saying is, if the Dow rallies off the low, as it has done right now, you're surfing some of that energy that would have been very important for a major turnaround, meaning a major turnaround, not just a near term, three days, but maybe a two, three week or even more rally on starting from Monday or Tuesday. So this is a very important moment. So that's the reason why when I was speaking just a moment ago with Keith and Cedar Rapids, I said there are different scenarios. So there's another scenario. Yes, your way off the low, you're down 500 points, but if you think if you're someone who uses instruments like puts or calls, you could take a call position, you know exactly how much you're going to lose. You take a call position and you're either right or you're wrong. And even if you're wrong, you'll have a moment where you can come out, you could get out with a bit of a loss. But at least that way, you don't have to put very much money. So I'd say to subscribers, we are hoping, we'll see, the weekend is young, it hasn't even started, that somehow or other we will go, with this is the biggest cash position we've had in ages for subscribers. We still have long positions, but very few and there are positions I'd love to get in stocks that I've been looking. For instance, for years, decades actually, I've looked at waste management. I mean, waste management, give me a break. Is anything going to change with the action of waste management? They're always making new highs, but they've had a pretty big pullback from the 175 to 164. So there might be some stocks. I'm not saying this one in particular. I'm just saying there are some stocks that are still holding pretty well that are in the secular area, in the area that is always in demand. I mean, they will just charge the towns and cities more for whatever it is. So there are places that you can go. So make a list. This is a wonderful time over the weekend. Make a list of stocks that you've loved, that you'd like to look at. And I still say, don't go full steam ahead. Just maybe start a little position, see if it works, raise your stop. If it starts moving high, you could add a little bit more. I'm not saying this is a time to get carried away. But what I am saying is that I don't recall for a very long time, since pretty major lows have been made at various times, and we've been lucky, we've been able to pick out most of those lows. But at the same time, there's no need for diving in and saying, I am right because you know what's right? The market is right. So whatever the market does, you have to kind of follow the market, let the market tell you. And what it is saying is that even if there is a fabulous turnaround this week, there is so much resistance in the down between 30,900 and 31,400, that could be a big stalling. But isn't that a lovely rally from here? So that's what I'm saying. Be very selective, know what you want to do, and let's face it, the selling is so intense, it doesn't mean that it looks like a low. And even though we've got the VIX index at not major highs, but at highs, even though you've got, I mean, if I go to my Chin index, it was screaming to the upside, that's Richard Arms' Shortum Trading Index. That suggests that there should be a nine to 11 point, that's nothing these days, a rally in the S&P, even if it's from a lower level. There are all sorts of signs. Just be faithful to yourself. Don't put yourself in a position that says, oh, I got to make up. There's no making up. You're in a position, it's a new position. Think completely fresh. Whatever it does is going to help you. If it's you correct, it's going to help you. And if you're wrong, you're putting your stops and you say, it's okay, I'm out, I'm done. That's not for me. So this is a really important moment. It's an opportunity, perhaps. We don't know, but there are a lot of pieces of evidence that as someone mentioned in the demo, it was a 30 to one reading in the downside for the New York Stock Exchange. Unless I'm completely mistaken, I recall Marty Swike, a very famous fundamental analyst, he used to be on with Lewis Rukhasa at Wall Street Week on Friday nights. I remember him talking about the day, the Friday before the crash. I remember him talking about that and saying, oh, I don't want to really mention this, but I feel it's imperative. I think we might have a crash on Monday. Anyway, so he spoke about 30 to one and that to him was always a huge signal to say that there are signs that this market is starting to form a base. Well, is that the case right now? 30 to one downside. So the day is still young. We've still got a little bit to go. Let's see if that peak E that I noted in my one minute chart, oh, do we do an F? Peak F. All right, oh, it went to a G even. It went to a G in the Chapmanee methodology. Let's see if that starts to pull back. It's still got 10 minutes to the close. What would I love to see? Portfolio wise, I wouldn't love to see it, but I would love to see a slide into the close on a lousy Sunday night and Monday, we finally get a turn around. That is meaningful, at least for the shorter term, I'll be back in a moment, Basil Chapman sitting for Tom O'Brien, dollars down 545. The technology around us is changing every day. 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Go to tfnn.com and hit watch Tiger TV. That's tfnn.com and hit watch Tiger TV. Hi everyone, Bowser Chaplin sitting in for Tom O'Brien. I'm the author of the opening call, Daily Newsletter and the Tiger Technicians Hour 10 o'clock to 11, Eastern Time, Every Market Day. We're looking at the down, it's come back quite a bit. It's down just 514, S&P's down 69. So this is gonna be very important. So I think this is the moment where if you look at your portfolio, if you had a portfolio that was just, like IRA or whatever it is, it's just money you've put away, put away, put away, and you don't do very much to it. You're just looking at, most people will have a portfolio that's down 20, even 30% at this particular point. We've been here before, we've been here many times before in the long term, the theory is that it always comes back and then it even goes higher. But as you're looking at it, it ain't a pleasant scenario. So my impression right now is that you're starting to see some buying come in. The buying that I was hoping would be Monday, but when you think that we're still down pretty sharply, it's still a pretty ugly day and we did break the left side low of June, then the down, not in the other indices. And that makes this very important because it's exactly the area that you should start to see some fund managers say, hey, I know value, I see value. I know when to buy, I'm gonna, so you're gonna see buying come in. And my theory here is that with outside kind of a climactic low that would be great if it comes over the weekend into Monday or even Tuesday, rallies have lost a lot of their upside energy, but they can rally. It's just not quite the same as when you make that ictus down when people just throw the towel and say, I'm done. And then you get a really good rally. And then after three days, you look back and you see the V shape pattern, you say, oh my God, I just threw everything away at the bottom and now we are at 20% higher. That's what you want to see, to see a market that is going to be sustained. So as it says right now down 500, nearly 600 points, that's still a lousy market when we come into the close and people start looking at what happened this Friday, that is not good. So there are signs, I just wanted to mention that there are positive signs starting to show at least for a decent rebound. And we're hoping that it actually starts come Monday or Tuesday. Have yourself a wonderful weekend everyone. And of course, check out all the different hosts here at TFNN, it's great to have you and we'll see you all on Monday. And... Building wealth trading.