 Let's go over to our mammoth to Tim or does we do every Tuesday and Thursday? And don't forget folks you can get hold of Tim every trading day at order D dash oracle calm That's odd dash oracle calm Tim or what's going on brother? All right. I sent some charts over We can start right off the charts if you want absolutely and no matter what market We're talking about Tim these bulls and bears that seem to be fighting like crazy We're it's kind of sloppy like you've been saying for a while, but what a trip right so the first one The first one I have is the gdx. Is that correct? Yeah, well actually we can skip if you want to look at that. Let's look at the s&p's a little bit Okay, which one is that for the chart starts at chart 4. Okay? cool and Because if you're talking about that and here's what I'm looking at And you got chart for there. Yeah with the trend Yeah, it's a trend. Yes, so this kind of looks at the bigger picture. It really has been over the years It's been pretty accurate, but anyhow the bottom window is a 10-day trend. Yep, and The Oh pink up and down areas is when the trend gets above 1.2 So okay, you really on a 10-day trend anything but 1.2 chances are you're going into a bottom And the more you get of them the more sniffing that bottom is if you look over the last This chart goes back a couple of years. Yeah, almost two years, and I've highlighted that area Which is between 365 to 390 that's a massive sport area because that's where the 10-day trend Was up around at least 1.2 and higher. So the bill of base went sideways for about a year Then we rallied out of that Area going into the current time frame and why we want to point out here if you go to the bottom window again Yes, you need really to say when you get up to 1.2 is really you're building a base, right? That's when my market's Panic when markets panic you're building a base if you don't have panic you don't have a base and Usually anything around 1.9 in the lower Is usually a kind of a very sign for the market and I got that noted with the kind of green area Cross the chart there and a lot of times it came to highs last time we got there was in June And we're point nine five right now. We're awful close to that area So we're not seeing a panic in this sideways move We almost got Like you for you I guess yeah at a 1.9. You certainly do man You're for everybody. There's no worry in the market right here. Yeah, and so And tell we do get worry and the trend is to get up into 1.2 You don't have a worthwhile bottom So I'm thinking this at least sideways by them I think the upside at the moment is done and it won't get a bottom until we start seeing the trend the 10-day trend gets up around 1.2 I think that's probably going to happen in October. It's not happening in September yet and I may You know when these things To get that trend going to 1.2. You actually Need a decline. Yes, so I don't know how the next decline is going to be but I don't see a worthwhile bottom here for me here And there's still possibly we may get down to 1 to 4 20 Which is basically the previous highs And we broke out of that high area with a sign of strength And so I think we could pull back to 4 20 which is a long ways down from here I don't know if we'll make it but I can see that because you'll see a trend of a 1.2 or higher All right, so we haven't we haven't got that yet No, I can definitely see that because I mean you were getting you know the the trend readings that you needed at 433 I mean that wasn't even a big retracement and people were basically you know saying hey, man You know I'm getting out of here. So 4 20 is a little different ballgame and you know what I mean? Yeah Yeah, yeah 4 20. So that's pretty important. So let's flip that to five real quick. Okay, just a short-term picture and You got it up here. Yes, I do yes All right, okay last yesterday we had a little gap on September 6th I got that pointed out in red. Yeah gap tests and water volume bearish while we hit it yesterday and And so I'm thought okay that we couldn't get through the gap So most I will go down if can't take out the previous high Which gap is considered like the previous high gaps are yeah resistance You can't take out the previous high you'll try to take out the previous low Well previous flow is the last week's low and so I'm thinking we're gonna go back there And if you're looking at the trend today, you know, we're not doing much So so I don't know and this is expiration week which normally leans bullish So I don't know what what's gonna happen. Maybe we go back to the bottom of the trading range, which is the August low That's a possibility It's kind of hard to say here, you know, I'm afraid that Bed on either side here going on short. I can see that it's almost like, you know We're still in summer trading. It's a sloppy, you know, you don't have buyers and our sellers You know what I mean every time we go up the volume drops off We go down the volume drops off the volume is gonna be anemic today on the way down. It's unbelievable. I see I'm watching volume today. I want volume to be higher than yesterday. No, I know that but it's not gonna be So you can keep going down at least right fine. Yeah, I think we will probably break yesterday's volume So we're testing yesterday's low and higher volume. So we'll probably go a little bit lower And maybe go back to what's the last Thursday's low or I Whatever I got Tim right now on the NYSE. I only got 395 million and You know normally when that happens, you know yesterday we did Let's say we did 895. I mean, I think we'll probably do like 750 or something, but I and you know Yeah, 30 minutes, I don't think that we'll see well, we know how this goes at the end of the you know Yeah, that's where the volume comes in. So yeah, right. So anyway, I usually get more Excited about the market when everything started blowing apart and oh, I agree. I'm not I definitely agree Yeah, right and you get this doldrum. I guess it rallies can't go anywhere declines can't go anywhere But you know that the best trades come out where the maximum fear is and that's when VIX is rising Yes, and actually if you look at the bottom window or second window up That's the VIX which is a little bit troubling here. You only got a 13.9 to that suggests we're still in an uptrend Yeah, but you know the bottom window which is a 10-day trend is down a point nine five So it's kind of contradiction, you know, normally So I don't know there's no fear here whatsoever. No, there's not there's not and You know, I'm waiting later. I think the October, you know scenario is gonna fold out because I think the bigger trends up I think for the years out. We are gonna break some new highs, but we need a trend Up around one a 10-day trend up around 1.2. Yeah power to get this thing going up to the upside Good scare first they're right there folks Tim or Tom or Brian. We're gonna be coming right back We have the Dow industry was right now down 26 Nasdaq's up 145 S&P's down 28. Don't forget folks. You can contact him every trading day. That's the great newsletter It's odd or D dash oracle.com odd dash oracle.com Tim and I come right back folks Welcome back folks to doubt now investors right now down 25 get the Nasdaq up 142 S&P's are up 27 We're talking with Tim. What does he do every Tuesday and Thursday? Okay, Tim. So which I would you like to look at? This we're getting back to GDX here. Okay We'll look at the bigger picture kind of the intermediate picture and then look at the short-term picture Okay, so you could get a feeling what's going on but chart number one Second window down from the top is the bullish percent index for the gold miners index flash GDX so it's a ratio. Yep, and and what I did was that take the RSI actually the 10 period RSI works better And when the 10 period RSI of this ratio gets below minus 25 You're looking at a bottom and last time this signal the bottom was last August And if you notice last August that was a decent rally. So it fell back down again It's in it as currently in a bi-signal right now on this is an intermediate term type scale So this these type of signals can last a year a couple of years sometimes three four years So it's on the bigger time frame. So it did pick out last year's low now is picking out another low So it's all you know, it's actually a year apart. So anyhow, we're still below the RSI on the 10 period 15 point 42 is put as we're as of today and then blow 25 to buy so anyhow, it's on a bi-signal So that's a bigger time frame that predicts market It's making a low in this for saying doesn't say You know, we're maybe I've already seen a low we could go or maybe see it right now Whatever, but we're in the vicinity of a making a bottom right now. Yeah Well, you know, it's interesting is that you know, they've been slamming the gold contract In fact get a call at the beginning of the show, but yet the gdx is hanging stuff, you know, so it's pretty cool You know, I mean, so so that ratio is rising then so goes down and gdx holding steady. Yeah So that ratio is rising so that's a bullish thing So when XAU or gdx outperforms gold, that's what happens to bull markets The issues will outperform the gold price, right? And so you want you want that ratio to go up? So I'm not looking at gold right now, but anyhow, so now let's flip to the second second chart, and this is chart number two, which is the Now the bottom window Makes the most sense. Okay, and this is the 50-day average of gdx up down volume percent. So it is It measures the volume up and down so the next one higher is gdx advanced decline percent With a 50-day average but I found Over time the up down volume is more accurate than the advanced decline. So wherever that may be. Yeah, but anyway We pass we hit we we talked about this Particular indicator in the past. Oh, yeah, and when it hits it when it hits it below minus 20, which it did back in July and did it for the previous July and Did before it looks like about August or September, you know, the last three of them hit blow minus 20 Well, you know when it blow minus 20 the market flips sideways in general even though it kind of makes a little bit Minor lows the downtrend in general is over and the and market can flip sideways for you know back in 2021 it flipped sideways for six months before the rally began and in 2021 it flipped sideways for four months. We've been going sideways now for about three months So we'll do for about a Rally to begin. Yes, and for this rally to begin you need this indicator to close above zero When I sent this out to you this morning It was minus two and change So it's at zero but not above zero now We did get above zero last week kind of came back down But it's hovering right around that zero level and what you're saying you're just saying it's needed above zero Not at zero correct It's well, it's it's right now as we're put it's below zero minus two, but I'm with you I mean, but we wanted above zero you want like a plus one or something, right? Yeah, you want plus one, right? We did do that last week and didn't quite hold until back down exactly a little bit below zero, right? So you're kind of building momentum here a little bit is hovering around zero But the majority of the rally begins when that indicator is above zero and all the blue stuff You see on the chart is when that indicator is above zero. Yes So sometimes, you know the rally can so this is like an intermediate term rally So normally these rallies last, you know several months You know the last one we had one lasted probably a couple of weeks But majority of the time once they get going a lot of time You know if you look back in 2019 2020 it stayed above zero You know for at least six months there. I should have gone back further So we're hovering right around where the impulse wave just about ready to start. Okay? So I'm this is their midterm because this is a 50-day average. Yes, we'll go to the chart number three or Yeah, chart number three now. Okay. Okay. So now now you're into the short-term time frame. Yeah, so this is The this these type of signals can last several weeks or Even in several months or even a couple of weeks, but this one is on a by signal and the bottom window is the 18-day average of Gdx up down volume percent the next window up is the 18-day average of advanced climb percent So the blue areas when both indicators are above zero and the Pink area was what with indicators are below or excuse me. This is minus 10 So I don't want to confuse anybody But at the 18-day average of the up-down volume advanced climb indicators need both be above minus 10 above minus 10 Which they are today one the bottom one is a look like about plus two and next one higher is About plus one so both are above above minus 10 So this is saying right now that at least the short-term rally is beginning and the short-term rally be Keeps going up and holds holds above minus 10 say for a week Go back to chart to that most right. We will flip that 50-day average up above zero Which is I love how you break this down. I know man. It's so cool, right? You get the shot one going the short-term one will get the 50-day one going. Yeah Yeah, you that's what I'm saying So it's kind of been going up and down on the short term here because you got pink, you know blue pink You know blue whatever so it's kind of you getting momentum, but it's not holding up But if you also notice it over the last End of August to the current level the price of GDX is actually lower You see that that I drew that red arrow down line there. I see that yeah on the GX Okay, if you look at the up-down volume at the bottom window in the next end of window up They're making higher highs both of them. Yes So that's telling you the the internals of the the up-down volume advanced client indicators are Stronger than what the price is project or the price is saying on GDX, right? Right, so you got a positive urges going on here. So we may stay above in the blue area Longer because we've got a positive urges and we may you know if we can hold above You know the minus 10 area for another few days most likely chart number three will get above zero and Stay above zero. Yeah, that's what I'm saying You know that the short term chart needs it to stay above the minus 10 area Yeah, if we go right back to the gold contract today, it's interesting man. They jammed it down to 1929 Yeah, it's a 1936 sells down 11 bucks with the GDX, you know bottom line. It's still green So this is the XAU and the HUI so listen to him. I love your breakdowns, man You have a great couple days safe one because I'm gonna be talking to you on Thursday, man See you then. Thank you, man. Stay right there folks who come right back