 Let's get over to our mammoth to Tim what as we do every Tuesday and Thursday, and don't forget you can reach Tim every trading day folks at odd or D dash oracle calm That's odd dash oracle calm Tim wood. What's going on brother? Well, we've got a Getting a lot of emails here over the last couple of days, which is I bet you Not ideal emails I know market for some reason everybody's Really worried here and that's usually a good sign So actually we'll start with we'll kind of just go through this one more time. Yeah, well, let's let's let's talk about this for a second Tim, let's just talk about this for a second because you know Yesterday is no doubt that you know the equities will hold enough gold was holding up even and you know in this aspect with The back of pulling back, but they both got destroyed yesterday, right so yeah in the context of You know years past right because you know you've been doing this a long time And we know that the deal is is that When there's fear That's when you're actually going to be buying so let's let's talk about the aspect of the The amount of emails that you are getting versus the ones in the past because we both know You know and anyone else out there that and we have a lot of lists that trade gold and silver This is what always happens folks. It's like and I always is you know, I shouldn't use that word, but I can tell you It's You think you're gonna take off you could out again You think you're gonna take off and get out again, and then you take off and go to the freaking moon, you know So so it is in a while I mean it's you know So so in that aspect where are you in the context of the emails? You know like From a one to 10 This is the kind of I guess common experience actually that the world emails I get the more solid that bottom become yes And I have these in the past, you know, but you know a week from now if the market does really like I think a well It'll all be forgotten. Oh for sure. No, no, no, listen Miller's stuff is like we just flip and now I'm the greatest guy in the whole world Oh, listen, I listen we've both been doing it long enough. I know that it's like You know this time here and the time before Okay, meaning both times when you know the gdx was going the rest of them going so this looks like it's gonna be it Both times is that nope. I'm gonna flush you down the freaking toilet again And we know that what happens folks is that You know that you're getting closer and closer and like says it's easy for Tim and I to actually say this because we're in a much longer situations You know what I mean and you know if you're at the beginning of your career doing this It's like oh my god, it's the end of the world If you're over your head, but if you're not over your head What ends up happening is that you need these types of flushouts, which I know None of us like but the reality is is that okay? Once one of these flushouts when they come back they come back with a vengeance, you know, so All right, I was just you know the Go ahead. I'm sorry. I was just curious in the context of you know, how many I know I'm not getting any gold calls. So that's really a positive too, you know Yeah Actually, it's probably like august of last year's kind of similarity kind of similarities to that. Yeah, so In there was a little last august and it bounced up and in an abc now we've kind of been going down since A while but actually let's just look at the short term. She skipped a chart three Okay, because that's kind of Which is what you kind of explained where everything's going on and what I did This chart goes back to end of 2022 so It's about nine months, but you know, you make the charts too big and it gets too much clutter But I want to point out that if you look at that, uh, pink area in february march. Yes Uh, so Funny how the gdx, which is the top window made a little bit lower low and both those indicators Window one window two made higher lows Uh, I say I didn't really pick uh, I didn't pick up the top But uh, well it actually did pick up the top, but we're not going to screw around with the top So we're just going to look at the bottoms. Yeah, because that's kind of what we're in right now So if you go back go into uh, june And beginning of july Gdx made lower lows. Obviously. I got a red arrow pointing that down and both those indicators made higher lows So and now you flip to the current period Gdx has made a lower low than the august flow And both those indicators made higher lows. So we have a lot similarities going on Now you need to get the blue areas when both indicators above minus 10 And the red areas when indicators both indicators are below minus 10 right now We're below minus minus 10 on both indicators, but you're making on both those indicators You're making higher lows where gdx is making a lower lows That's a similar happen in the bass in the past lows and That just looks at the short term picture and that's So and that that's a bigger pictures of pay our page wall or uh charts one and two But anyhow, that's a short term picture and and that's that's a that's a that's a good divergence, correct? Yeah, yeah, it's a good divergence Yeah, it's worked in the past and the bigger divergence is normally uh, right the more worthwhile it is So it's uh, you know, we're breaking new lows both those indicators that those both indicators major The advanced decline You know advanced to the client and also measures the up-down volume That's what makes the market up-down volume advanced decline Right So even though the market gdx a little bit weaker breaking To a minor new low both those indicators On the advanced decline and up-down volume. We're making higher lows and in the past. That's uh, usually a bullish sign going forward Pretty cool, man. So yeah, I like it. I like it. Yeah, no doubt Okay, so yeah, but we can look at the bigger picture. I don't know if we have time um But it's the same Scenario I've been showing which is that bullish percent index flash gold minor and minors index Both the weekly and the daily are giving bicycles in this area and they don't tell you exactly what day it is Right the weeklies give a buy back on august 28th. So that's over a month ago We're actually is a month ago. Yeah, and it's still hovering in the same area. So it's it's uh Nothing's really changed here. Just just stay right there. Tim. Tim. Oh, it's trouble blind. We're gonna be coming right back folks We have the doubt our investors right now is trading up 193 nazis except 150 s&p's are up 36 Uh, stay right there folks. Tim and I come right back Welcome back folks. Uh, tim would tumble around. We do appreciate your growl and prowl and listen Don't forget folks. You can reach him every trading day at odd or d dash oracle.com He has a great newsletter. So check it out. Uh, so, uh I am on the bigger picture now, tim. I I just tell me where to go actually Uh, actually, I just sent you over at chart chart six. Okay And I sent it to Tommy and uh, jacob and you perfect Um, did you pull it? Can you pull it up? I can get it. Yes, I can One second. If not, we we can talk about chart four Let's let's talk about chart four right now and I'll have jacob get this in the thing for me one two three four Okay Go ahead. Let's do four first. Yeah. Yeah, let's do four Okay, this is uh, the spy goes back. Uh, it looks like about two years or whatever and The bottom window is a five day average of the trend and I got a square box around That one and the next window up is a 10 day average of the trend And uh, the 10 day average trend Uh, 1.2 and hires bullish on a two days ago. We hit 1.9 You know, it's barely there, but it's there, but the five day never reached that. I think it got to 1.26 or something Okay, uh, so it's not, you know, you know, you like The more panic you get the better it is, but this chart About the bottom or at least the second window up leaves is bullish and the bottom window Lean's bullish as I've preferred to be higher. So it's kind of a You know, we're close, you know, and also look, uh, you're closer the more panic you get The better off you are, right? So you you know, if you can get these Five-day trends up to around 1.5 and higher. You're screaming at a bottom Well, uh, you know at 1.26 is that close enough? Maybe Uh, a trend, you know A 10 day trend up around 1.6 is a lot better than 1.2 Because you got a lot more panic. You got, you know, people screaming at you Sure But you know, one point one two history shows. It's usually a good number or one. Yeah 1.2 So we're probably making a little bit if you look at the fpy charts I got a line drawing cross cross there at one point 20. Tim, I get that. I get this the new shot up for you Okay I just flipped to that. Okay. I have it up. Okay So there's different ways to make a major panic. You can do it with the trend and ticks, you know Trends 1.2 or higher is usually panic, but you can also do it with a vixx Acceleration of the vixx acts these panic the faster that bit goes up The more panic is present. So when you go into bottoms, you know, the vixx goes right through the ceiling Right. So the faster it goes The more panic there is because everybody's trying to get up that, you know, the cell door at the same time Yes, and that vixx measures that so what I did was I put a few indicators on on the vixx One is the rsi, you know, it gets up around 70 at the acceleration of the vixx and also do it Uh, next the best bottom window next window up is the rate of change And I got a two-period rate of change. It gets up around 30 That's easy, you know acceleration of the vixx and I also did a bonger band In other words, if it's a top bonger band, that's when it gets above one And that's also acceleration. So you need I showed this chart before in the past and uh, we talked about a little bit And it usually does a pretty good job identifying where lows are all those lines or red lines on the chart Show the times where two of the three if not all three of those indicators Uh, flipped into bullish territory. Okay, you know, if you if you notice If you all look back there, you know The album came near lows Right and when you hit that uh, we hit that uh, yesterday a day before we had acceleration of that vixx going straight up And we got two of the three. We got the rsi hitting 70 We also got the upper bonger band being hit Yeah, and I just put up the bonger bands of the vixx and you can see it I mean last two days, no doubt went right outside them and yeah, I got it. Okay, cool. Yeah, so So when it gets above one you're up you're up above the upper bonger band when it gets below Zero you're below the bonger band when you're at 50 you're at the midpoint of the bonger band, which is that line Yes, so there's another form of you know, not all indicators work all the time. So I'm always looking for You know, I know what the market needs to do to get a bottom and needs to panic Right and so the the more indicators you can find that show panic is present the more likely or The more I guess white you can be I guess Yeah, uh So I'm people we're setting out a low here. You know, my my my thought is is the low yesterday Or do we go down test that low? Right Yeah, and that's the dilemma I got here. If you know, I know And so yes yesterday chart I don't know if you can do that or not, but you know, we're testing a gap down Two days ago. We gap down. We're testing that gap right now Right if the gap's going to be tested a lighter volume at least 10% a lighter volume that gaps Probably going to be resistant and there's a good chance we can test. Yes. Say's low and chest over test. Yes. Say's low That's probably going to be the bottom right Um, because yesterday's low is a high volume low even going back to the breakout area You know the breakout area had 91 million shares I'm talking about the spy now and it hit 104 million When we did, you know If I go all the way back to that that may, you know, we really broke top side. That's what I did Right so so, you know, the question is, you know, sometimes these Panic lows are not tested like until a month later. Yeah, maybe, you know, almost a dilemma So we're setting near a low But is yesterday the low or do we go down tomorrow and test that low or do we test it a month from now? And that's the problem with tickling now Exactly, you know Uh, and also the the volume Uh, today's going to be really important. We test that gap of two days ago. Yeah, two days ago On higher on equal volume. That's all it needs. Then probably the lowest yesterday So that's what my dilemma is today. Do I buy today or do I take a chance that yesterday's low could be tested When you say two days ago now, are we talking um On tuesday or monday? Let's see today's thursday wednesday be tuesday Tuesday tuesday, see if you look at yeah, we did 96 million and we're not going to do 96 million today We're at 73 be surprised you're this close a lot of times that volume comes in see the spy doesn't volume wise It goes all the way to 450. Oh, yeah, no, no, I get that. I'm speculating but I get that but yeah, you know It sometimes I'm really surprised all this volume kind of comes in Yeah, all there's no doubt. There's a huge amount of volume at the close. There's no doubt. Yeah Particularly in the and the small caps that blows my mind The IWM the amount of volume that comes in at the close is like insanity. So but yeah, yeah, so so I know Sony I'm trying to Figure that out. So, you know, I got some evidence that we're low I thought we wouldn't get to 420 and actually we didn't quite get to 420, which is I'm calling support Uh, do I have a chart of that? You have to go to chart four? Yeah If you can pull that up, I have a four at that dotted blue line across the chart Um, yes at 420 area normally kind of slam against it and we didn't we didn't you know, we didn't quite touch it So I have worries me a little bit but you know to me when You know, if we see a lot a lot higher trend readings over the last Um, a couple of days. I've been a lot happier. But yeah, you know, maybe we're setting that a low here My chances are I don't think we're gonna blow keep blowing down here. I think we're at words We're going to test yesterday's low And we may not even test that low stay right there. Tim. We have one more segment stay right there folks Tim and I come right back. We have the dollop 79 nasa cup 101 s and p's up 21. We'll come right back Welcome back folks. So down that shows up 92 nasa except 104 some p's up 22. We're talking about a mem is the timwood Tim, let me ask you, you know, I know you you've you've been educated us on all these different types of um Technicles that you look at and you know explaining that you would much rather the trend get to the 1.20 Because the fact of the matter is you're saying that was your bread and butter If you if you could put them in order And this I know it's a tough question, but if you could put them in order What would the best order that you would like to see For a bottom God Well, actually the trend over the years has always been I screwed with it actually went away from it for a while But the trend over the years has always had the most consistent. Yeah. Yeah, right Success ratio and I used to do a lot of stuff with the ticks right, but I I do And the only reason why I kind of shy to and not shy to waver from it, but uh, I get my charts through stock charts Yes, and And they quit doing the ticks. I say it all there's no and I was I was coming up with some combination I was multiplying the trend times the tick Okay, and I was start I was starting to see some evidence of so now you're taking the trend times the ticks on the clothes And I was coming up with you know, oh Some pretty good numbers Identifying the low and all of a sudden their tick stuff done Didn't generate anymore I say it's hard to do other But I wish I had that back because I could really go far with that because I understand ticks As a matter of fact when we first met right, you know, I was doing more stuff with the ticks and I was with the trend Oh, let me tell you something man that the ticks to me Still to this day. I mean at that 2007 low I almost got blown out of the water, but the bottom line is I didn't the actual day of the low Because and we're at end of happening larry pizzevento and myself were on the phone together because just like You and I used to trade on the phone together. That's what we were doing And that second tick came in man. I said no, this is it man This is it and sure enough it wasn't it took off like a rocket ship, man Uh, because there's there's so many that came in simultaneously, you know, I mean so I know what you're saying man. Yeah. Yeah, let's yeah Well, if you look over, you know, the last uh, I was reading the last four days on the clothes I do this manually now. Yes, so we had 502 yesterday four and three 33 day before 326 day before that 390 before that So you got four days that just costed down to readings on the clothes So that the ticks is kind of really blowing out to the downside That's reason one of the reasons why i'm kind of leading bullish here The trend is okay But if I had more evidence taking the tick times the trend I bet just from looking at that. So I'd probably be getting a signal Yeah today or if not yesterday. Okay, uh, cool. So i'm kind of Let's take one more chart to take a look at chart five try five. Okay. I got it. There we go Yeah, yeah, this is a way for this chart goes back to 2000 mid 2014 And so this looks at a bigger picture doesn't tell you exactly where The day of the low is But it does get you in the vicinity of where that low is and all those red lines and all that shaded area our times When the the bottom window is the equity book call ratio readings It's a cbo 8. In other words, it's a book call ratio reading for the equities Yeah on a 21 day average the next one up to the uh five day And so when you get a 21 day, which is basically a whole month. Yes of of daily book call ratio readings And so you got people just really leaning on the puts here On a monthly time frame and actually on a weekly time time frame because the five day trend is up there too So, uh, so this market's not in a crash mode at all It you know people are pretty bearish here for whatever reason and so That's one of the reasons why I wasn't Kind of shy going short Because everybody else is short here or bar or inputs Uh, that's which is another way to be short So I kind of stayed stay away from the short side Right, but now I want to lean on the long side because everybody is on the put side Oh for sure. So and you know, it's amazing actually Well, so I'm trying to figure out what day are we talking here I know talking yesterday to date or first part next week right not months away Uh, whatever this low is it's close Yeah, no, I can I can see what you're saying The amazing part Tim is that we have actually haven't come down that much And like we just brought up the aspect of you know, a full 21 days and the average is 21 days trading days in a month Folks, okay, so it's a full month that you have had people You know, basically, you know loading up on the short side and this mark is not down At all You know for something like that. I mean, you know, it's down But that's that's what I'm saying. Yeah, if they waited, you know, and they kind of remain low You know, it's it's another it's another fear thing going on You know people are fearful of the market going down so they buy puts so that's kind of like a fear thing going on Yes, so I mean and they're putting their money at it, you know, these are actually transactions. This is not like hypothetical Oh, yeah. No, no, no, I think you know Yeah, there's there's there's no doubt and you know if we if we even go back to may You know when you picked out that bottom there, I was like Really surprised that The fear could come in so quick You know, that's what it seems like we've had happen here that you know, you just pull back a little and I can get that Just if I wasn't, you know into technicals as much I could get it because you know We'll be going up for so long, man It's like, you know, it's like one of these deals that okay How much further can you actually go but guess what we know that you can just go to the freaking moon? I mean, that's that's the bottom line. So Yeah Yeah, you can do so that's why that this is you know going back to the vixx that went chart chart six They should talked about, you know, that vixx just screamed up and that's a good sign to find bottles You know, the market's going down and that vixx is not moving You know high or very fast and the trends not moving and the uh Dicks are not really Moving a lot, you know, that's a disaster. You know, you've got a big hole. You're gonna fall in You know, the market is gonna fall in so, you know when the market does fall And those and those ticks and vixx is and what call ratio readings don't respond That means this market's going down big So and we have that every kind everything's kind of responding right now Not as much as it did back in the bottom. We had back in May or so Because that was a long lingered Bottom building process because we went sideways in that market for about a year. Yes, so Uh, so i'm thinking in general, we're just this is a minor You know, like a wave two going on of a bigger wave three going up or maybe this is a way forward than maybe five You know the next one up or something. Yeah, and so when tim i'm not an expert in any way No, and when tim's talking ticks folks, okay, just to give you an idea You know, we started out, you know in uh for a in 10 trading days We went from 12 68 up to a high yesterday of 1971 and we blew away The last high that was established out here in may And we didn't get to the high that was established in may of last year, but uh May of of august we blew away august. We didn't get to may so that was quite an acceleration Quite a fast acceleration actually, you know on the way up. Yeah. Yeah. Yeah, because you know people are kind of short I think Yes, no, I absolutely Accelerates the market to the upside and that's kind of what you you want to see and that's what i'm thinking here. We got You know something, you know, everybody thinks this is just a minor bounce today and it could be but I don't know. I gotta make you a decision here. You know over the next 10 15 minutes You know, do I go long or not? I know kind of looking at it. You gotta love markets, man Tim, it's always a pleasure. You have a great weekend a safe weekend. Of course. We look forward to talking to you next Tuesday All right. Thanks, man. Love you, man. Have a great. I love you, man