 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Hello everyone, Basil Chapman. This is the very first day of July. Happy July, and of course the happy July 4th. Everyone will have a wonderful long weekend. So a couple of things came across my desk here. Desks, I should say. The first thing I'll deal with right away, and that is, do I mind showing the e-mini chart as I did yesterday, and a couple of people say thank you for some, over the last couple of days, thank you for some really interesting turns in the market that were shown live in the charting. Well, of course we don't know if that's going to happen, but we have made a peak e. Remember in the Chapman wave methodology, we look for the lowest lower, we count each successively higher peak, we count alphabetize them, uppercase on the way up, lowercase on the way down. They mean, and they're really important on the way up. On the way down, they're important in a different way. It's a speed with which you get down to the troughs, troughs on the downside peaks on the upside. ABCDEFG are the letters we used. I'll never forget back in 2003, I think it was something like that. We had a dinner from Longwood, Florida. I think it was Longwood. And I had been talking about peak A, peak B, peak C, peak D. Tom and Brian had always been talking about A to B equals C to D. He's always done that together with volume, and I was talking about volume in a different way, on-balance volume. Anyway, so I was talking about peak A and you've got to really understand this because the idea of the Chapman wave is to go from a bi-signal to a bi-mode, and if, usually going to a B or maybe it can happen in A, but usually it's a B, a leg B that goes to a peak B. Immediately after that is a chance that you can get an upgrade to a bi-mode with the implication that there should be at least four higher peaks. Peak A, higher peak B, higher peak C, higher peak D. And remember, this is a floating letter. It's an A. It called a leg A until it makes a peak. You get that reversal with a lower high bar becomes a peak. That becomes peak A, peak A, peak A until by one penny a table, quarter point if you're doing futures, it takes out the previous high. That starts new leg B, et cetera. So that implication says if you get upgraded from a bi-signal to a bi-mode, you should go to at least a D, four higher peaks. That's the obligation of the Chapman wave. So sometimes you can add D, other things can happen. We won't talk about that now. There's a good chance I will be doing the hour. Larry, Percevento's hour. I'll do a little bit more of it during that hour. But I just wanted to get this across that D is where you start. You raise the fruit of the accelerator, hover over the brake to say, okay, what can happen here? Because other things can happen at peak D. You could have a sharp major decline. Some of the major declines we've seen in the market are peak D, even in monthly charts. But most importantly, you could recycle within three bars in the Chapman wave to a Chapman wave instant restart. And that says you're an alternate count. But E is the next thing at E. You've still got to be a little bit careful. Well, what have we got? The reason why I'm taking time here is we've got a D. And almost immediately we've got the E in the one minute E-mini chart. We had a D earlier. I've been doing the actually training as well, but mostly following this very closely. And here we are. Oh, is that not actually working? Well, I have to use my clicky mouse. Yep, the clicky mouse. There it goes. All right. There's your D, pulls back, starts another buy signal, goes to a buy mode and goes to a D right there. And then turns around four higher peaks. You've got to be careful. I used to call this in the beginning the seven wave form because that seven waves gets you to D. And then I decided since we can go E, F and G and recycle, I'll just call it Chapman wave methodology with the buy signal to buy mode. And now what we've got is peak ABCD and it goes quickly to an E. And that was the high at 3816.75. And then we pull back. We're now above the 200-period moving average. I just wanted to get that out of the way. It is in the 10-minute chart, a peak D, if I remember. Yep, there it is. It isn't a peak D until the bar is complete. So it's in lag D with a good chance that it does make a peak D in the 10-minute chart. I love to think of this as maybe the 120-minute chart, a daily chart, weekly chart, a monthly chart, the same overlapping time frames that are so important in my work. So here we go. All right, let's just get out of it. Now I want to go to the story that we wanted to look at. The Dow is now down at five, down 11. Within that context, what I'm anticipating today is some kind of, you know, you talk about rebalancing in the sectors and the indexes and they add some stocks and take away some stock. We are seeing a rebalancing in a lot of fund managers portfolios. We can see that. You remember yesterday, I had this whole thing. I was showing you the difference in a double top. We were looking at IBM. I should mention we are long IBM. We've taken some nice little gains, but we are long. And here it is at 139 pulling back today. And I said that vertical test from the 6th of June to just four days ago, right, about the 27th, 28th. And I want you to show the differences between two particular charts, also closer to highs than lows, having really much more positive patterns than in many, many stocks. And I say many stocks. I'm probably going to say 70 to 80% of stocks. So the other one was Dicom Industries. And we've been looking at it for subscribers. I've shown it periodically saying, why is an engineering construction maintenance and installation services firm doing so well? But that wasn't the point. The point was I just wanted to show the vertical test of the reverse Y formation. What is that? That is, I look at three core patterns in the Chapman Way methodology. I look at straight line up, straight line down, cut formation, arch formation. So you can see if the price in this particular case comes down sharply and then rallies and then fails at a peak A or a B and then takes out the left side. You've got to be careful. I'm going to show a lot. I want to show this because it's the beginning of the month. There's a lot that you need to look at. We've got a tiger sale going on right now. If you sign up for my newsletter, you get for free. I mean, basically for your 30 days trial. But at the same time, I include tons of webinars, maybe 10, 11 webinars. And in them, I'm discussing all these different patterns in great detail that I'm talking about right now. So what happens on the upside when you take out that left side high, the reverse Y pattern? Well, if you take that out decisively, you can keep going higher. If you take the downside out, it's red because if you take that out, you can keep going down a lot more. So the reason why I wanted to show you this is this pattern with a Y, reverse Y, says that DICOM, it doesn't have as good a chart pattern as IBM, but it is because of this left side, right side price test, it's showing some weakness that says it might have a harder time breaking to a new recovery high, an all-time high in the 160s. And it's at 91 right now. And that was really the point of showing that. And one of the reasons is if I go to something like the GDX, if I go to something like the GDX, which is the gold miners, this pattern that I was talking about right here, look at this, I'm going to put this over here and you'll see how many charts in the last... Just this past week have broken really important left-side lows in this pattern. Here's the GDX. It's done it. It tested it. It broke under it. Within three sessions, it ticked close above it, but it couldn't. It made a little tiny dreaded H pattern here and went down to 27. I'll do many more when we return. Downs down 163, SAP is down 10. Oh, it's 15. 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 7 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 accreted transaction. 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After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com. Educating investors. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Hi, folks. We're back. Just real quick, we've got a GT Center and an email saying, New York Times for Wall Street. This is a heading. For Wall Street, already visible, a gloom deepens Wall Street set records in the first half of the year. None of them good. So, it goes on with this long article. So, yeah, it's just... I don't have to tell anybody. So, there's a pattern that I talk about, the lowercase m... So, the lowercase h goes to the lowercase m. In other words, this red arch formation doesn't take out the left side low. Instead, it makes another arch formation. It looks like a lowercase m. I love these things that I make. My technicals invariably describe in detail the Chapman Wave instant restart tells you that we've begun something again. The restart says we haven't quite made it. We're still starting. The Chapman Wave cup and ladle formation says that you made a cup formation and you took out that left side low. It's actually this one right here. If you had a leg B or leg C, you spiral above the left side high and that says you should go to at least a D and then come back and test the left side high. So, all of these are very descriptive. The one that I've always had a little problem with because I treated it as fun, but in the books, you're not going to see it, is when I call this the double hump. You see this arch formation here in the mag D, the moving average convergence divergence and the second one. Well, if you look at the nine-period differential, invariably, it is illuminating. It is highlighting the pattern of the actual chart of the price that you're following. Occasionally, you'll get it going in a different direction. It doesn't happen often. Then what do you do for a lot of people that use the mag D as a guide if it starts to go down? They are negative. Well, sometimes the mag D goes down, down, down, and yet the price either holds steady or goes up. What do you do? Well, I have techniques if you sign up for my newsletter, not only do you get the information every day when I articulate the Dow chart and other charts to show you what we're looking at, but in fact, all of these things are applicable. And look, this lowercase h going to an F is exactly the same as looking at a ratty to the upside, pulls back and then retests the previous high and then pulls back and then retests it again. That's like a w, a soft w formation. All right, so these are all straight line, cup arch, straight line, cup arch, cup arch, cup arch. You can do it over and over and over. Or you get the Chapman Wave 40X where you're making lower highs and much lower lows. And then what you do is if there's a break, a significant break above the downtrend line, you can have a one-to-one to the upside. Well, this fails at this Chapman Wave inside track repellent zone. This is Tesla, that's what we're looking at. So the reason why I brought this up is in the den, we have someone that says, shorted ES, this is at 10.03 this morning, perfect time actually, shorted ES, Amazon, Tesla, Maitre, that's Facebook, Apple for swing trade. See you guys in September. So I always chuckle at things like that because it's like when you listen to someone and that's the Tesla's at 675 and they say, 300 is my target. And I say, you know, you can have targets like that, but it has to get through 600. I mean, you're doing about 50% lower than what I'm talking about. It's just the key support level. Do one thing at a time in the big picture in your mind, you can say, my thing is 300. But in a business like this, you can't just name numbers like that because some people remember it becomes quite a serious thing, not realizing you could have a timeframe of 10 years, you could have a timeframe of three days. So I'm looking at this and I'm saying to myself, shorted ES, great timing. Look at this, shorted ES right there. That was at 10.03 and at 10.01, it is traded at the high of the day of 38, 16.75 and here it is at 37.74. Wonderful timing. That's number one. Number two, that person got in at about 3800. Still fabulous. Tesla, now ES is swing trade. So I'm saying to myself, you know, I'm from a guest from the old school. I always say, I have an expression. When you take your hands off the wheel to pat yourself on the back, that's when you hit the treat. So I lived a long time ago. I noticed even in my intraday trading, as soon as I'm beginning to think, oh man, was that great? The market owls are sitting there, wagging their fingers, sitting in your shoulder and saying, don't do that, watch this. And then they just completely reverse everything that you think is going right. So I'm looking at this and I'm saying, whoa, that's a little bit, that's a bold statement. See you guys in September. This is the beginning of July, August, September. It's two months, over two months. Anyway, the issue is that I happen to agree with him. I think that Amazon, I've been talking about this for a while, we'll get to that. But Tesla in particular, my thinking always is, when a CEO like CRM, this is salesforce.com, starts to focus on other things, no matter how brilliant they've been, when they lose their primary focus and whose name always just gets away from it. Niak, Reak, Bezniak, what are they? Benioff, there. Benioff, when he started to, he built the tallest, the most expensive building in the area, I think, what was it? Palo Alto, I think it was somewhere, they're all in San Francisco. Anyway, I said, oh, be careful, be careful. But in fact, the market, the price actually went higher, $311.25 in November, $221. But then he was writing a book on all the good things that he does and all that and I thought, oh man, I love the fact, but to talk about it openly and just make this your big focus and to say that the whole firm is now focused on my book, on all the aspects, I thought to myself, you know, I love the idea and as generous and philanthropic as he is, wonderful. But I think he's, well, from 311 and right now it's at 166. I would say that's a little bit of a problem and I'm saying the same thing about Tesla with Musk. Now that Musk has turned himself into a political figure, now that Tesla is having, I mean, everywhere I go, I mean, I used to, just for fun, I used to count the number of Teslas and then I have this thing and I'll probably get into trouble for it. But I've always considered that, I didn't even know, I'm gonna leave it alone. Just let's say Tesla, there's a particular aspect of Tesla that I looked at in great detail over the years and that's confirmed for me that there was a comfort factor now with Tesla and that, not Tesla, the car just people that were driving Tesla and that at a certain point something will happen so that Tesla starts to lose its favorship and I think that's happening with Musk. He became a political figure. He then went to, he used to tweet away, now he's twitter away. I think he's lost his focus as he had before. He's still a genius in many ways. He's a genius at playing the market. He had been for the, I mean, it's a joke, me even talking about the world's richest man. Tomorrow he could turn and say, you know, I'm done, goodbye everybody. I'm just gonna sit back and spend all my money and I'll never be able to spend enough of it. Enough of the issue. This lowercase h-pattern says at any point if on a week he's off, there is a close under 650 and followed within three weeks going under 600, I think that's gonna be a real problem. I'll be back. That was good. The gold report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and 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, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the gold report, sign up now by visiting tfnn.com. 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We are so confident that you're going to 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. So, the application here is a kind of a fundamental routine just in my own background, the stuff that I've always looked at decades, and I've applied it to Tesla. I don't know, but on a purely technical basis, a close above 830 gives you the target of 836 to 200-period moving average. I think that's going to be really difficult to overcome in the shorter term. So, my thinking is sideways with a chance of lower highs and lower lows. The competition in all the other areas of electric vehicles. In fact, let me just show you this. I think this is a symbol. This is a Chinese... I've followed this for years. Well, a couple of years. This is Bide or Bid company. Limited H shares. This is a Chinese electric company. Now, I think there's a big difference here because not only do they have Chinese sponsorship, the country's sponsorship, but everything I've read is they are really innovative. So, electric vehicles, the trading at 40.25 had a higher 43.61. Four sessions ago, it opened at around number 41. And that was on the 28th. I'm watching that because if it closes under 41, it's trading at 40.25 right now. For three out of four sessions, that makes 41 an incredibly difficult resistance to take out. And very important because if it does take it out, it could retest the 43.61 high. But in the weekly chart, I'm calling this a leg C, so it can take a little time to digest. In the monthly chart, a leg E, but it does the cup formation. The left side, right side price time match says that in exactly the same amount of time from the left side high on the weekly of 40... It's a little slower. 40.24 that was the week of 26th of November, 2021, plummets down to just over 20, 20, 20, 21. And then it goes to the recent high of 43 on a closing basis, on a weekly basis. If two out of three weeks it closes underneath the previous high, that 40.24 high that I was talking about, that's going to be a negative. Things like that. This is a different electric. I don't know if I want to buy Chinese. You just never know what's going to happen. But this is a way better chart than any of you look at Ford. Yeah, they're going to be selling electric, but they're under terrible pressure right now. Look at this. Eiffel Tower, this is the same pattern we're talking about. The left side, right side price time match that makes a low of the week of the 20th of August, 20, 21 makes a low of 20, 38, spiles up to 35.87 high week of the 14th of January, 2022. I put in Eiffel Tower, looks like an uppercase A, plummeting back down, retest that left side low, takes it down, closes above it for two out of three bars. That's usually very good. No, it makes a dreaded age pattern and now it's trading down at 11.08. So I think there are definitely issues here that you cannot just say, hey, I think we're about to make major lows yet everything's so oversold, you've got to be very specific and you've got to have stops in as to what we keep doing. We took nice profits in one of our positions, an extremely oversold ETF, and we got in, had really nice gains. I stopped out yesterday for what about a 9% gain on it in just a short week or so. And I would like to get back in, but I said buy it under a certain level. If it doesn't get there, it doesn't get there, but I want to buy lows and treat them as trades. PG, it looks like biotech has best tone to it per technicals, good sign for general market and risk on. So I wonder if I can find that now. I'm going to show you something very interesting. Okay. So let's go to the IBB which is the Nasdaq biotech sector. It's holding okay. It's not bad. In fact, even though this is a potential new brand new leg A, because it took out the left side low in the dreaded H pattern. Look at this arch formation. Went to a peak. D, how many Ds do we see? And plumbers down. I think you're correct in saying that it's holding well. I also think you're correct in the data charts saying the technicals are really not bad. With the technicals the way they are, price would actually be not at 117, but at 121.70 to 122.20 in that area. And it's not. And that says there is still pressure there. And they are the pressure. Remember, biotech is also pressured by higher rates. Now if we are starting to pull back, oh, I'm doing, I'm moving out here away from what I want you to really talk about in this hour, the next hour, these are the things that I will talk about. So let me talk about the rates for the moment. Let me just say it's holding very well. As a trade at 118, if you want, for instance, if it closes under 100 and just make it simple, if it closes under 115.50, I don't think I want any part of the IBB right now. If it actually by Thursday to Friday of next week, it even attempts to rally above 120.42, that's the high of 28th of June, and holds actually closes above that. I say, great, now you've got yourself a trading situation. Don't even say, oh, the 200 period moving average at 131, that's my target. Forget about it. You just go step by step. Every day you have to deal. I do my analysis on the stocks that we have for my subscribers to my opening call every day. We were changing our stocks and buy stocks. It's a business. You want to have as much money. I want you, we've raised the gain, the most amount of the cash we've had in a long time. We had some positions. One or two didn't work. A couple worked out very nicely to take little bits off. And that's what we're doing here. But I do think that the Dow itself is one of the stronger indices I'll talk about that in a moment. So yes, Piki, I like this. I like the action of IBB right now and even on a day like this where the Dow is now being up down sharply, up sharply now back down, down 253 S&B is down 27. I think it's also lack of buyers more than anything else that I'm looking at right now. But Dow is down. Remember price movement isn't it isn't just treat the price as the arbiter of the trend. Forget about all the technicals if it's going up, the price is going up that's important. And in this case it's going down and that's important. So IBB is up 43 cents. That's important. And here it is in the weekly chart just struggling to break above the 14-period moving average which has since it broke down after the 177-57 August high of last year, since it broke down the week of the 1st of October with a high of 170 and a low of 155. That's it. It's touched the 14-period moving average because immediately it went pink, meaning the 9-period went under the 14. And every single time it tried to already went to peak A failed and this is another peak A. The other one actually made a B before it failed. That's a sign that there's a little bit more upside momentum there but a little bit only. So I say yes. IBB, put it on your list. There's just a trading vehicle for now. Next question, Ken, that I didn't see is, Basil, what did you take on Disney? Oh, no. First of all, the Tringage. Yes. I don't have any Tringage, Chapman Wave Tringage right now as you're a liar. I do have it from yesterday and I forgot to mention it to my subscribers in my opening call when I showed the Dow chart every day. I do an analysis and I'm discussing in terms of Chapman Wave methodology. So it looks like this. I show you the daily with, oops, I show you the daily with the left side chart. There it is. The left side chart, the daily with moving averages and notation. Then I show you the middle one, the same daily chart with the Chapman Wave resistance and support levels. If they show this one, it shows up there. And with on balance volume, the back D and stochastic and this one shows you the 120 which made a peak F top and a Chapman Wave automated $31,891 a resistance. It went almost to $31,598 and then it came tumbling down. So then I'll give you a So I guess you'd have it and you've already had a 9 to 11 point value more in the evening. 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A question from Duffy about, as I said, Basil, what is your take on Disney? It also has tests on these to restyle the cars the Model S came out in 2012. If Disney, oh, then it goes on to say Disney Revisals its March 2020 lows, we will return to 2014 values. So, you remember the techniques that I have, these are applicable to any timeframe at any point and look, there's an arch formation. It is the dreaded edge because they make it even higher, left side high, but it is an arch formation. And if you look at this, this has made a peak E at 122.08 back in August of 2015. Disney plummeted down to the 90-ish level and goes peak A, peak B, peak C, D, makes a peak D right there in November of 2018 pulls back and holds this Chapwick inside track propellant zone starts to bring you peak A, B, C, D and it goes again to D and it pulls back and I didn't type in what that was, that was November that was November of 2019 at 158.41 and it has a little tumble drops almost, what, 50% down to 79.30 in March of 2020 screams up to A, B, C, D again, how many D's can you get, 203.02 March of 2021 pulls back and goes A, B, C you have to call this a leg, you have to wait for all of this month of July to say if it doesn't take out the two, whoops if it doesn't take out, I didn't type in it the double bottom low of the 22nd of June of 92.01 and the next day was 92.07 so the 22nd of June was 92.01 if it doesn't go to 92 in all of July then this will become a trough C but if it goes even one penny below the whole month it's called leg C and you have to wait for the next month or August before you can get a trough so, okay with that said, this particular pattern has gone to a 300% decline, I love the 300 it's not a Fibonacci number, I don't remember when or how or what but I added it in here because I have a 200% and 300%, I have the 100% other than the 1.68 or whatever it is that I have in the Fibonacci numbers most importantly, I love the 300% it says, you're probably getting to an outer band of oversold or overbought depending on direction and that within the next bar watch to see that there isn't a move maybe a little bit over and then comes back and then closes less than the 300% and that could give you a good clue to say, some support is there that's kind of the way I look at it nothing there that you find in any textbook I don't know if anybody talks about 300% I do so in the weekly chart nothing to see here except the on-bounds phones becoming extremely oversold but it's been there before in Disney all I can say is under these conditions when I was, I haven't looked at it for a while so I'm picking it up here just arbitrarily well not arbitrarily for now but arbitrarily because I haven't looked at it is six Flags Entertainment Core we've tried a number of times to we've bought and tried given tight stops we've tried to hold this saying come on I mean in 2022 the summer of 2022 is this not going to see huge an increase in activity six Flags Entertainment Core theme parks obviously not that's a big concern of mine put that together with semiconductors and a couple other things and it says you know what the broader economic the icons that I look at for clues to say aha I was saying uh oh and this would be one of them and actually Disney of course I can't really talk about that in terms of entertainment because they are involved in so many other things that you know you've got you've got look at this Disney six Flags Entertainment this is out to probably mostly outdoor activity but Disney is a little different they have movies, entertainment, theme parks I mean there's the different even the different services that they provide are divided up and big so all I can say is I'm watching this real closely as probably a market summary as well but right now it hasn't taken out that left side low what does it say 19. 19.07 or something or 91.07 yeah I'm watching closely at 94.41 and that's the same to me this is telling us about the big picture and that's the reason why I've said to subscribers I'm not even though we go long at different times in certain sectors and a smaller part of our portfolio now we've actually started to think of putting more of our portfolio to work the cash that we've got going into the summer stocks that have held really well like an IBM we're still going to stop an IBM what the heck I'm not going to let the IBM go from 139 right now to 129 or 127 or whatever and sit there looking at it no we've got tight stops either working or it's not working we've got other stocks as well so in the meantime Disney is in the category that says if there is a rally it's going to be a news related rally that just permeates the entire market and until Disney at 94 right now is actually trading for an entire week and a half I don't want just a one week pop upside material that I can really use as technical fodder to look at the bigger picture lower highs and lower lows is the theme until it trades on a closing basis above 105 that's a big ask that doesn't mean you say you couldn't get in earlier I'm just saying in the bigger picture I don't think that 103.81 is a nine period moving average in Disney and since October of last year pink negative it's going to take a lot to get that positive and it's going to be news that's related now I want to do something I'll do this when I do next I'll do more of the as I did yesterday I did the grains and that is DBA is down again at 22 this is really from the high that was made at 23 23 did I not type that in that was an alternate account F and it gave it back 23.01 yes it just went a penny above a round number high so 23 is a 21 two points I mean that's a 10-11% slide just like that so I'm watching this and I'm just saying the overall look at the market says be very specific about what you like someone asked me the other day about the SLX I said I don't think the SLX is in the ballpark right now of telling us that the economy is just great it's not it's made another dreaded H went to a peak E in a V-shaped pattern the Eiffel Tower up and down and here it is at 47 is it getting close to some kind of a bi-signal well here's the 161.8 expansion is at 47.90 it's at 47.80 right now in the weekly chart there's a dreaded H went to peak and whoops comes right back down 70.43 was the high these these are serious things we're looking at so it's on a trading basis one of the reasons why we are still holding it along the Dow did not go short the Dow is because I believe that there's enough there's enough buying pressure that if somehow we can hold support now to the support has to be a little bit lower down here than 30,000 say 400s do that today 30,000 400s next week and can actually rally to the 31,150 down there then we can see this rotation say okay now it's time for a lot of fund managers to say let's put some money to work and doesn't say they're right I'm just saying that would be the thing holding well would be the thing I'll be back in a moment for the final segment and I will be doing the hour Larry's hour and I know that he is starting to improve a lot that's a great are you grinding in the market but seeing little to no return or are you a successful trader simply looking to make your job a little easier learn to take the path of least resistance with David White's powerful trading newsletter David White is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades support and resistance define the ranges at which stocks trade are 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and I'm emphasizing D's and then I said but of course you can also get an E and I here and then types into the Den, Greg types into Denny says oh no I finally got my ABCD and he adds another letter I'll never forget that was I thought it was quite good alright so we're looking at the E menu as a technique that I use where I'll do a little bit more of this so when I do the hour Larry's hour coming in because people said to me hey that was that was fun can you repeat it again so look what happens from the peak that was made at 38, 1675 at 1003 we pull back and then what I like to do is I like to take a measurement from that either to the base I'm very conservative in my first pullback and I took it to the 200 period moving average and then I make a measured move and then I took that measured move and there again I'm very conservative but I usually start it off at whatever is the high of the arch formation that's the generation and then I pull it back and look at this when you go to the base of this candle right here the low of that candle before it went sideways that measured move takes it exactly to where we went to a low with two doji candles moments ago about 10, 15 minutes ago 37, 57, 75 now what we've got is the potential for an arch from a couple makes it take you too much time I'll follow this up in the next hour this is the e-mini one minute chart you can do anything you want to do help you to get what you like this project I hope you can check out how to make a double perfect piece so any of you who want to make a piece try this at home