 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Hazel Chapman. Call now. Call free at 1-877-927-6648. Good morning, everyone. On this Monday, the 26th of September. This is the early edition. This is 8.07 in the morning. It will be recorded and replayed at 10 o'clock. And I also want to wish all our Jewish friends the happy new year. And this is what happens quite often, actually, in the marketplace, is that the expression is that you sell a lot of Shoshana and you buy a Yom Kippus. That would be about 10 days' time. I'm wondering if that's the case in this situation. And one of the reasons why I'm doing that, and let me just go through all the different futures, what we're looking at here is that the down futures, let me go there, the YM right now, down quite sharply. Of the yesterday's actions, it's hard to believe that they're still down right now. It's YM is down at 29,470, down 198 points. So for subscribers to my opening call over the weekend and my weekend overview, about a 15-minute session overview, I discussed a particular candle in my listening of technical tools, plethora of technical tools. One of them is this pattern where a candle opens with just the tiniest little wick. So it opens, has a fractional high. It doesn't even have to have it, but it has a fractional high usually. It pulls back sharply and then closes halfway to two-thirds above the low of that candle. Well, we've got that. This is on the downside. Where it occurs on the upside, and this is the big thing that I've been talking about all year, is that the S&P, although it's only at a peak, being the Chapman way methodology in the monthly chart, had a Chapman Roman candle right at the top, very similar to what happened about a month after the top in 2008. Let's see if I can even slide across there. Yep, there it is. 2007, sorry, October 2007, there's Chapman Roman candle. That was the month after the October high of 2007 at 1575, so 1576.09. A little bit of a tumble down to 666.79 in March of 2009. So that's been the heads-up, one of the reasons why we've been looking at this market and saying, well, that candle is going to be absolutely imperative, especially since it's September, and it is fractionally held above the left side high of June, which is at the 638 level. It was at 2836. How many times am I going to have to write that in? I keep forgetting, huh? 3636.87, that was the June law, and we got very close on Friday. The law was 3647.47. So I'm watching this because that will start on Leg C to the downside, and as George, who called from Boston on, I think it was on Friday, discussing this monthly chart, very seldom, historically, has the S&P tumbled to a Leg C. It's usually an A or a B, and even if it takes time as it did back in 2016, the May high of 2134.72 went down to 1810 in February of 2016 and used up quite a lot of time, but it didn't go to the C. What we're looking at, therefore, this morning is that the follow-through weakness on Friday has continued. The S&P, let's go to the continuous contract. This is going to be the ES, hasn't gone to the low of Friday, but my rule of thumb with this Chapman Way red Roman candle with any of the Roman candles, whether it's at the top or whether it's at a potential bounce low, says that if it goes halfway into the wick and stays in a shorter timeframe, of course, this is now a daily chart, so I'm thinking maybe 120-minute chart, and if in fact it is right now at that level of 36.79 down 29, there's a chance that it's going to test to maybe even break the left side low, that's the low of Friday, so in the futures that could be at 36.65, and then we'll have to see where it closes. And there is a chance based on a number of techniques that I'm using that says today or tomorrow is where there's at least the first decent turnaround attempt. When I say decent, I mean that the market rallies starts to broaden out after about the second day and it'll last more than a week. It'll actually last maybe into early next week. This is tough because you've got, okay, let's go through the numbers now, so let me go through them one at a time. The YM, the Dow futures are down 207. This is now at 8.11 a.m. in the morning, eastern time. More than halfway into the lower wick, that long lower wick from Friday, so it says yep, you could test the bottom. I'm going to the continuous contract of the E-mini. The E-mini is down to 36.79.50, and that could of course test the lower Friday. The QQQ, let's go to the NQ just for the moment. There's continuous contract, 11,299 down 77 right now. The low on Friday, and this is in a Chapman Wave inside track, propellant zone could slip out for a moment, but it can't go more than a moment. So the low on Friday was 11,374.75. You've got to watch out because that could be tested. The IARTY that is the Russell 2000, I'm actually going to adjust to the IWM because it's all notated and ready. I had a Chapman Wave, a Roman candle, a red one at the bottom, had a 165 round number low, exactly 165.00. And we're going to see if that's taken out, and so far it's at 164.95 down 2.36. So let's look at gold. Gold is down 5.4. What is that? 16.50. Excuse me, still getting over that scratchy throat. So yes, so gold keeps going down. If you look at the left side low in the arch formation in the weekly chart, you're looking at, look at this, right side price-time match. It held on the week of the 22nd of July at 16.96. Bounced a little bit to the 14-period explanation, moving average, the black line, which has the pink underneath it. And that's a big negative. So it's pulled back. It's in leg D underneath the left side. So this is the dreaded H. It's already now 1, 2, 3. This is the third week. This will be the fourth week, actually. No, oh, this is the current week. That's right, the futures we're looking at. So this is the current week, 9th, 3rd. Yep, this is it. So this is the week of the 30th. So what we're looking at is, you've gone underneath it with two to three sessions. After the left side low has taken off, looking at silver. Silver is acting, the chart is a lot better than gold. It's down 19 cents at 18.71. This is Basel Chapman at 8, 14, 8 in the morning. Early edition. I'll be back in a moment. Basel Chapman. Looming inflation. We are purchasing powers eroded. There's no better place to protect your hard-earned money than in gold. This is the gold flagship asset, is the Monk Todd Gold Project in all the territory of Australia. This is Australia's largest undeveloped gold project. We're 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. Vista 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, diverse party, ready-development stage gold project. Vista Gold trades on the New York Stock Exchange under the symbol VGZ. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. 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. TFNN.com. Educating investors. Toll Free at 1-877-927-6648 internationally at 727-873-7618. Basil Chapman, this is the early edition of the Tiger Conditions Hour, and I just sent out a corrected version of my trader's corner. Hopefully that's going to be posted in a moment because one of the numbers that I put in there was not correct. I just need to double-check. Yeah, I think that's the one. That should be good. Okay, I hope so. If I can get a call just to confirm or a text to confirm that it's arrived, I'd appreciate that. Especially now that the market is down, that's what we're looking at. So, okay, let's get back to the story here. Silver has a much better chart pattern than gold. Not great, but a much better chart pattern, certainly in the daily and the weekly chart. And we're going to see if this holds quite well. Now, one of the reasons why I mentioned that is because the dollar, now I've got an alternate count. And there are moments where it's prudent to have an alternate count because the technicals are suggesting one thing. And there are certain facets that say, well, you just got to be careful. One of the reasons is the dollar is at 113.64, up 44 ticks. I've called this a leg C slash F. Now, what I've done lately is I've started doing this. I don't know if I'll stay doing this or continue. But in the Chapman Wave notation, I put my preference to say, I believe this is C, but there's a chance that it could be F and we're getting really topy. But the MACD is strong, the stochastic is 89%. But if you go to the UUP, which is the dollar bull, which is what we've been long for four years since the 23s, there's trading at 30.32 right now. This is in a leg D. I like to go to the root. The root would be the dollar itself. But I want to be ahead of the game. We haven't done anything. But I just, in terms of the notation, another reason why is if you look at the euro, EURUSD, the candle that was formed on Friday suggests that the stochastic at 9%, it might be ready for a little bit of a balance. And we're going to be watching that closely in the weekly chart. It is in a leg G slash C. There is a trend line that it's just getting into. But I'm doing that. And if you look at the USDJPY, let me just get that back on track. There it is. One of the things I said is that there's usually a confirmation where the US dollar, Japanese yen go in the same direction. They almost always do. But once in a while, one of them will lead and the other one will start to fail. And in this particular case with that huge Thursday up-down move in the USDJPY with a high of 145.90 and a low of 140.30, that's your boundary. And if you look at the chart, there's a difference. It says this rectangle formation in the middle here says we could stay in this for a little bit longer. And also you had a doji candle, a long-legged doji candle on Friday. I'm watching this because it's a decent close above. The high of 145.90, that was the high of Thursday, the 22nd, that will suggest that you're breaking out and you've turned this red candle, that whole body into a huge support level. If it fails to get there, you could get yourself an arch formation. So I'm watching these things very closely. Why do I make a big deal about it? It's because in the context of the currency, with the context of the dollar being such a powerful force, it's impacting the multinational US companies. It's very important to be able to monitor this. And if you put it together with gold, which could be right now as we're talking, down four at 1651, looking at the technicals, it could be forming a little bit of a base in which it could have a bounce. And one of the reasons why I'm saying this is because within the context of the overall market, the volatility index, which made a new recovery high, at 32.88 today, and you remember on Friday I was discussing, and I did a total blind show, and I was discussing, as we were talking about, that it came back from hitting this trend line, the weekly trend. Look at this, this is magnificent. Look at that. Channel wave inside track repellent zone. And since it made the high of 38.94 back in January, that was fair, Russia, Ukraine, anything you wanted you could throw in there. We've been making lower highs, not necessarily lower lows, but lower highs, and every time it's got into this repellent zone, it's been dragged underneath it. It did that back, it's done it a few times, but the last time of significance was back in June, the week of May the 4th, the week of May the 4th, or was that May the 6th? Yeah, May the 6th at 36.64, and then the next week it had a pop to the upside, went all the way to 35.48, and then got dragged down. So this is very important because this week it's gone higher. It's gone just above that trend line, and that's the same to me. All right, this is a very important moment because if for any reason Monday or Tuesday we start to see a big pullback, we start to see a big pullback, that's going to be very important because what's going to happen is that the channel will once again be repelled. That is a pullback in the VIX, so the rally in the market, this is being dragged down. So this to me is a really important moment. There are a whole bunch of things that are cussing. That means that it could turn, reflect lower or just continue higher. This is the moment that we're waiting for, and we'll see exactly what's going to happen. Now within that context, I just wanted to check to see if everything was posted because the time is of the essence here. We've got positions that we wanted to take. I made one notational number. I thought I checked everything and I made a mistake and I had to send out a correction. So if that correction is out there, that's going to be very important. That'll be good in my newsletter. So within that context, let's just go to, we want to look at the TLT. So the TLT bonds, down to Lake E in the daily chart, GSASC in the weekly, it made an arch formation, took out the left-side low. This is just ugly stuff. Let's have a look at the US dollar upside, the bonds themselves. It was at 127 and 31 seconds down, almost a point again. I had a horrible session Friday, but it closed a little bit. It was a green candle in the end. There is so much going on, but I believe that there's every opportunity here for us to be looking at some form of a rally. Now I discuss this on Friday, in the afternoon when I did Tom's show, the Tom and Brian show. I discussed it when I did my show and the conditions are at 10. I'm going to be discussing this again, and now it is at 8 to 25 a.m. in the morning. So to be replayed, this will be at 10, 25. So this is what we'll be looking for. Not everything is as ideal as I would like it, meaning that we're in the context. Oh, look at this strong move up. Oh, wow. I hope I got everything out in time because this is very important. Here we go. Within the context of the market as it stands, the ideal I'd say on Friday is, if we close kind of ugly Friday, and we close not as ugly as I wanted it to be, and on Monday we start to head down, I'll talk about what you're looking for if there was a turnaround and a sustainability and the volatility index and all the aspects that go to some kind of thing. If it's going to go up back in front of the traffic or the addition, 826, I'll be 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 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 accretive transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGZ. Vista Gold executing a strategy to create shareholder value. 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Get your copy of the Art of Timing the Trade Chart today by visiting tfnn.com. 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. Don't miss out on the next great gold trade. Sign up today. Available to all Tigers and Tigresses for just $1 for the year. There's no cash 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. Everyone, we're back. Basil Chapman, Tiger Technicians, our early edition. And, okay, these are the things that I looked at over the weekend. And one of the reasons why I feel that there's a chance that some form of a low is being made either today or tomorrow, just early this week. What I mean by that is a low that is a tradeable low. A low that says, yes, you can get a balance, but it has to broaden out. There's no way that you can just get, say, a Dow balance. It needs to include the QQQs. What are the QQQs? The Dow index, 100 trading right now, 274.44. It needs them to rally, I would say, by Wednesday or Thursday, somewhere in the 286 to 288 area. That's a lot. I mean, that's asking a lot. You're looking at even the IWM, the Russell 2000 small caps trading at 165.60 right now. I need to see the gap filled. I want to get into that bar. It needs to look like a V-shaped recovery. Now, the rule of thumb is that for my rule of thumb, for a V-shaped pattern to unfold, you need very quickly for the VIX index to be pulling back. You need follow-through rallies. I would prefer that this is later in the day. I prefer that this is a rally attempt right now. It kind of fails. It looks good and then all of a sudden, kind of 11 o'clock, maybe 11.30, there's another slide to the downside and that it really only gets going later in the day. And that's where you see about 150 points, 120 or 150 point Dow rally going from about, I would say 220 in the afternoon. I prefer actually 240 later in the day, but 220 is fine. And just running strongly and all of a sudden, the shorts that are gloating because the market had been pulling back today, which they thought after the weekend should be an ugly day, suddenly turns around and in fact, we start to close, getting closer towards the 4 o'clock close today, we start to close all the gap downs that we had seen and the market is rallying. But within that context, I want to see the IAI, maybe it can be a day or so delayed, that's fine, but this is the eye she's broken dealer and security, which made a low and low on Friday, just gap down very ugly candle, turns out to be a Chapman-Roman candle as well. But that high that was made, the open and close, so the open and high of the day, which is at, so the open on Friday was at 89.10 and the high was 89.10, there wasn't even a wick. That's ugly it was. I want to see by Tuesday, maybe even Wednesday, it could take a little bit of time and it has to start moving up. I don't want to see it close below Friday's low in the IAI, which is at 86.62. What I want to see is that there's a turn around and you start to fill that gap. This will be lagging because this is now a stock, it's different to, made up of the brokerage stocks and they kind of lag when they start to pick up steam, they pick up steam very quickly. But in the meantime, I want to see them participating. I want to see for the first time that bonds, actually this is leg E, make a peak E, don't make a lower low today, although it's at 104.51. So if you just get to this as an E, oops, lower case E on the way down. Yeah. The low was 104.54. We're almost there. We probably have inch a morning taking it out. You'll see that in the bonds themselves. So that's the TLT. Let's go to the bonds. No, bonds haven't. So 127.24 right now, the low on Friday was 126.29.30 seconds. So there are a lot of things going on right now. And most importantly, what I am looking for is the persistence of the selling needs to be ameliorated by some kind of upside thrust. I would prefer if it's later in the day, actually at this particular point, you could start a move up that is very skeptical because it keeps moving up but then it makes a pullback. But overall when you're looking at say the 100, let's look at the 10 minute chart, looking at the 10 minute e-mini chart, what you want to see, let's just go through this over here. There it is. All the different numbers in there, but mostly it's gone sideways. And what you want is that the low that was made, and I think that this was a pretty important low, the low that was made at about three this morning, at Eastern time at 3,660.25, that doesn't get taken out. But the market really struggles. And then over a period of time, eventually the 10 minute chart, 3,713, the 200 period moving average gets taken out, so you're raising the base, that's the other scenario. And then slowly but surely you're making higher highs and preferably higher lows. And the market closes the day, surprising everyone, or most people, with a pretty nice gain, or maybe a 0% change, but then you have to have the futures overnight really moving up, so that by tomorrow morning you kind of gap up and start a really strong rally. Normally, I just wouldn't waste time on talking about some kind of a potential low. But the reason why it's so important at this particular stage in the market is that we've actually spent almost nine months declining. Look, every one of these, look at the Dow. We've used up a tremendous amount of time, like he has the chart, this is the 76,952 high, the week of the January the 5th. And basically when you think of all the negative aspects that are out there, look, war. Nuclear has been discussed. Crudeau skyrocketed to 120. Of course, it's much, much lower right now. I haven't even looked at Crudeau. Crudeau right now is down 60 cents. It's 78.14. So in the context, this is telling us more about the world economic situation with the Crudeau pulling back, saying there's a slowdown now. Interesting enough, someone I was in contact with last night was talking about markets. It's not his field at all, but he was undergoing some treatment and discussing different things. And then he just got around to talking about his business, which is in basically those warehouses for storage and that's one of the things that he does. He does a lot of other things as well, but he's built a lot of big, big buildings. And he said, this is the craziest thing I've ever seen over the last few years. It is frightening how much money has been made in real estate. But he said, it just can't keep going. He said, I can't believe it. I can't believe what's going on. And he said, this is unsustainable. And this is someone who's been in real estate just forever, the family has. So I'm looking at this and I'm saying, well, I'm hearing this from many sources. The gains that were made over the last year or two in some places in the country are spectacular. So I'm thinking in rotation. I'm thinking, how do we get out of this? And the only way I could see it right now is to think, well, at some point the market is going to turn around and the market might be a little bit more independent than real estate. As real estate has made some kind of a top doesn't have to crash, but could. You might think that if you want to be successful at trading in the stock market you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. 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. tfnn.com Educating investors. In either direction, visit DirectionInvestments.com today. An investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus please contact Direction Shares at 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. Funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, foresight fund services, LLC. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At tfnn, you'll get advice and guidance from the authority and technical market analysis. And it's not just dry, tedious text either. tfnn airs live financial content streamed live on tfnn.com and tfnn's YouTube channel with Tiger TV. Live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free. 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Watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be. tfnn Educating Investors I'm just typing in something just for my subscribers number number one has by the m under oh now I better get the figures right okay so that's going to be under I'm wasting time I know I'm sorry I apologize tonight in fact I'm just typing in something just for my subscribers apologize tonight in fact 35 okay that's what I needed to see okay so Tommy I'm just sending this out right now I'll send it to you there we go bye there everything's taking too long unbelievable when you're in a rush you cannot be in a rush because fine 35 okay good I've got it I'm sending it off send it off save I don't know maybe it's too late but I'm trying my best correct save and I'm going to send it oh this is just a nuisance Scott how did I make such a silly mistake okay I said there I don't know if it's been sent yet but I'm going to do my best so what we're looking at here two yeah so here we go sending it off just you're having to listen to me prattling away here I'm sorry about that correct entry on and post there it goes send alright I'm sorry took that amount of time but I just needed to do that very important for subscribers to my opening call I mistyped a number and I need to correct that so okay here we go so a couple of things are very important if you look at the IYT that's the IYT is the ICES Dow Jones Transportation Average index and just sent the IA by so the IYT is trading if you look at the monthly chart that has gone about a 50% correction from the 116.61 high to the 280 sorry low of March of 2020 to the high of 280 and then what happens is it pulls back to 201 and that when you when you're looking at the transportation index it's really important I love that there's doubt theory about the transportation index and worked really well for years of decades and decades in a sense it's now very appropriate but in a very different way because you've got such a mix of transportation you've got Amazon which has created a whole field in transportation UPS has had a change and all these things going on so that you don't have say truckers that are very important but as important as the rails or as important as the airlines we've had the airlines having a tremendously difficult time this year yet truckers they keep going now you've got the price of diesel very very high so it's really important to look at it as a picture and the picture says that there's been a tremendous decline in fact what this person last night said and I thought it was so appropriate because what I've been talking about for months and months and months he said oh man he said we're in a recession and I'm saying to myself I've been talking about this for ages I've been saying if you look at the different sectors look at the transportation index from about say January of this year if you look at it they transports have been in a recession look at the SMH's I don't know why they're waiting for some official result and usually when they talk about an official result that's pretty much the end of the recession I don't know if that's going to work this time but look at the semiconductors from the double top in January at 318 we're down here at the 189 in fact 191 as we speak a pre-market testing the 189-94 low of June that's a recession I mean how else would you call month off the quarter of the quarter of weaker earnings that's what it looks like right you can just go through even the IYR and this is very unusual IYR which is the ICS Dow Jones US REITS index not quite as bad a monthly chart but not a great-looking monthly chart making this dreaded H pattern in the weekly made a lower low and look at this it's that speaks to recession so I don't know what they're waiting for an official name or a result or whatever it is but in the meantime back at the ranch what we're really looking at is titles is the title of this particular phase in the economic spectrum recession it doesn't really matter because all of these quarters in the different sectors have been weak and every consecutive quarter has been weak so let's get back to the VIX index the VIX index when you consider when you consider each one of these peaks had pretty much the same thing interest rates it was Fed, it was Russia, Ukraine oil at some point basically now we're looking at interest rates so within that context this is really quite important because if you look at the volatility index it's at a high and it's working at a rate slowly the VIX is high which hasn't broken above the 34 high was the 35.05 high of G that's when the market low was made it's pretty close and so some kind of too 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 don't miss out on the next great gold trade sign up today everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis 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 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 are you looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter Market Insights is published every morning when the market's open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter Market Insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at TFNN.com TFNN educating investors we might miss it, I'd like to get it at the price that we put in there we'll see what happens the ideal situation is that everything's a little speeded up here if a little later on in the session we got that big pullback minus 200 something in the Dow just to have everyone throw up their hands and say I'm done, this is just ridiculous I can't stay in here and then you start to move up later in the day that's one scenario, that's the best scenario the second scenario is that the selling is just being intense for the whole week so at this particular point you could start to rally and keep rallying but most importantly what you want to see is late in the day at about between 3 and 4 o'clock that the Dow is actually holding a plus 150 or so and the general market can't just be selected, mustn't just be the Dow it must be the QQQs the index 100 training vehicle I would prefer also to see the IWM the Russell 2000 and then we can see some kind of more than a balance, a bit of a rally that takes us in for the whole week a whole week can you imagine that, mostly rallying by the end of the week on Friday at Friday afternoon end of the month I want to see a decent close on the monthly charts that's going to be from the lows that remain that is so that's the kind of scenario I'm looking at at around minus 500 points at any point today at this particular stage and don't rally at all by 2.15 maybe 3.20 this afternoon Eastern time that will be very negative so those are the scenarios I'm looking at and within that context all I can say is that we've got a great program Tommy Jr. comes up right now with the market kickoff that should be fabulous and then of course you've got my show so we'll be talking right now at 10 o'clock and once again to our juice listeners happy new year great programming here at TFN I'll be back tomorrow, have a wonderful day