 Let's get over to I'm am Mr. Basil Chapman as we do each shit every Tuesday at 20 past the hour and don't forget folks Basil has an outstanding show here every trading day Where am I at 10 to 11 Eastern standard time? I know we changed one second. Hold my right Basil is 10 to 11 Hold it 10 o'clock. Yeah, I'm getting I'm telling him spinning around. Okay, 10 to 11 Eastern standard time He also has a great newsletter folks the opening call now It's very easy to get the opening call come over to our website at TFN You're gonna see right on the newsletter is the opening call on the right hand side You just hit subscribe as you hit subscribe you can get it for one month for a hundred and forty nine dollars You get it for six months of six ninety five or which saves you a hundred ninety nine dollars at twenty two percent You can get it for a year for eleven ninety five, which is a savings of five hundred ninety three dollars at thirty three percent Now they all come folks with a thirty-day money back guarantee Bottom line you come test drive the newsletter you like it you'll no problem You don't it doesn't work for you for some reason you're gonna get your money back And just so you can understand when you get Basil's newsletter He has about 12 archives on that you can understand exactly how to ride this market ride the Chapman wave each and every day And we got a tradable market here folks How you doing man? I'm doing well and talk about tradable markets Look at this the big green big red candle at Wednesday Thursday Friday So that was Thursday big green candle Friday on the down the daily red candle yesterday and now a green candles I call this the sandwich effect and what often happens is that when you get these Different very big different color bars. Yes, and they alternate color at some point They they will reverse or continue that particular patterns almost like a little cluster formation So I've been anticipating well since we we had cell signals on the Dow The high was thirty five thousand six thirty one and the sixteenth of August We have a riding the diamonds on the upside then we went to the short side But over the last couple of days, we've been trying to play the diamonds the Dow diamonds It's one to one along the Dow It means that you don't have to sure to go long or anything It's a position that is like the Dow It is the trading position of the Dow itself because you can't trade the Dow unless you go to the futures or you go to the diamonds so we've been fortunate we've been able to over the last couple of days been able to pick up the lows and Ride it up and just take profits on the short term But this is a very interesting one because you can see they're rising lows and we did start a little what I call a gray Leg eight to the upside today because we went above yesterday's a high Okay, what's really important is that if you look at the weekly chart the weekly chart is saying within the context of the high that was made on August the 16th at thirty five thousand six thirty one the slide down to thirty three thousand six hundred and thirteen That's that's only two thousand points when you think you have a market that's had a such a spectacular move But I'm considering that this is part of a big consolidation You and I've been talking about this for quite a while that there's a consolidation coming and so my my Intercipation is that the Dow is holding up a little bit better than some of the others. We have been short the QQ Q We've taken profits a little bit of profit But now we we're still holding the short from just the all-time high in the index 100 trading vehicle called the Investor QQQ trust series it's 382 point seventy-eighth is the index 100 trading vehicle on the 7th of July Couple of days later within less than two points of the high We were in short we sold a little bit of that position on the short side I'm anticipating that this is going to be a deeper time and price consolidation But we've got to anticipate that on a very short term. It got really oversold and therefore You can't expect a little bit more of a balance in the queues to try to catch up to the Dow and even the S&P But what I thought I'd do is I'd explain what I've been doing for subscribers We still have some core long positions and some of them in the medical technology and the We still have that Agilent that reported 70 and it more than doubled. We've tried to keep a core position They've taken nice profits, but most importantly, I think it's very selective right now So I thought I'd go through a particular trade because it's up nicely It wouldn't otherwise it wouldn't be fair to subscribers, but this is moving very nicely today So this morning when I was last night in this morning when I was doing actually started over the weekend I looked at the stock pay X PAYX is a symbol. It does payroll does business insurance benefits, etc I use them. Yeah. Oh, you do. Well, you know, I I've followed this for years But because I I don't really do anything with them I kind of I missed all those big moves and then I thought you know, we've had some Stocks that look like this and I keep saying we've got to buy and then I never put it in for the subscribers And they have spectacular moves and there's nothing wrong with them. Everything's right if you look at the nine-period moving average of the Mac the MacD and the nine-period moving average of the Weekly chart, you'll see the MacD is weak But look how nicely this green line for the nine-period moving average is Sharply above the 14-period moving average as it made that peak deep And then there's a technique in the Chapman way methodology that I call. Let me just get this right here It's it's a series The price makes a high and then it makes a series of let me just try to get this chart There is makes a series of lower highs and much lower lows I call it the falling axle looks like an axis the handle. There's the the expanding axe blade It's in the like a cone formation What happens is sometimes the price then stops at the bottom of a move down Stars to work its way higher and if it takes out that The upper declining trend line You can have a one-to-one move to the upside a very sharp move that takes out or goes back to the previous high Well, I've been looking at this pattern for a couple of days and it made this beautiful down channel Look at this is a parallel line a beautiful down channel And then there must have been used because it gapped up and I have a theory about gaps either on the upside of the Downside is in my my three-day rule. This meant every one of them had never went below the gap low And I'll give you the price right now Basil You like using the nine period on a daily and on the weekly then right I use the nine period exponential moving average All the time and the interesting thing is that the mag D Actually, this green line is the nine period differential. It almost is like because the mag D uses exponential moving averages Yeah, that puts that that's puts the weight on the last the closing price Okay, I just don't what it is over the years. I've tried all the different ones I've just and I know subscribers always say, you know, the nine EMA. It's just amazing I call it In the daily since you know, you've been using it. No doubt. I didn't know use it on the weekly though That's cool, man. I use it in every time for what actually that's the thing I try to be as consistent as possible So I use it in that everything hundred and twenty whatever I do even right here. Look on the nine period moving average Okay, so then whatever you use it on you're staying on that time frame. I got yes, because that's a Consistency right right and that's all I need is consistency Right, so what I said was for it had the spectacular leg a to the upside underneath all time I have a hundred and eighty sixty two on the sixteenth of August This is pay X and it ran down to a hundred and six now I use a technique on the upside that I call the chap wave to bar reversal We'll see that where price has like within pennies two days in a row two bars in a row And then turns down we had that on the downside So we've got in the slowing at a hundred and thirteen twenty nine and it's trading right now at a hundred and seventeen hundred sixteen ninety nine So I like to use these techniques and that's the demonstration of what we just used today to go long Awesome, man. And listen folks. It's very easy to get Basil's newsletter and wet budgerows. I just went through Okay, you go through this every day for you folks Come over that website at TFN opening call. You just hit that baby Basil. Thanks so much. Have a great one to save one