 Welcome back folks. We have the Dow Industries down 203, Nasdaq off 88, S&Ps off 30. Let's go to our mam, it's the Basel Chapman, as we do each and every Tuesday at 20 past the hour. And don't forget folks, Basel is an outstanding show here. Every trading day, 12 to 1 Eastern Standard Time, also has a great newsletter. Now the way you get the newsletter, you come over to our website at TFNN, you're going to go right on the newsletters, and you're going to see it right at the top right-hand side. You hit the opening call, you hit subscribe, you can get Basel's newsletter for one month for $128. You can get it for six months for $5.95, which is the savings of $173.22 percent. You can get it for a year for $9.95, which is the savings of $5.41, or 35 percent. They all come with a 30-day money-back guarantee, folks. Check it out right on the front page of TFNN, you hit newsletters, you hit the opening call. Basel Chapman, what's going on? Hi, Tom. How are you doing there? Well, I'll tell you, man, you talk about a little volatility, man. Holy cow. You know what's interesting, Tom, you say volatility now, it absolutely is, but I'm showing this chart. If you look at the middle chart, which is the weekly chart, we've been here for the same level since April, May, June, and it depends where you want to go back. You can even go back to February, March. So we're kind of at the same level, but absolutely the trading band, you can see on this daily where we were 27,398 in the Dow on the 16th of July, went down to 25,339 a month later, August the 15th. A month later, just less than a month, the 12th of September, we're up at 27,306, 90 points away from the all-time high, and then we come back down to 25,743. So it's the volatility within a fairly small historical, fairly small trading band. But absolutely, if you look at the candles of the monthly chart, you can see red, green, red, green. Every month is, in fact, I just didn't realize this, except when you go from December with a red candle, there were two green candles for January, February, but after that, every single month after that is green, red, green, red, green, it just alternates. Basil and I are talking about, you can make a case that we've been in the same place since January of 2018. Yes. I mean, the S&P bottom line was, what, 24 points lower than we are now, which is really interesting because through this whole generation, what we have seen are corrections that have come about. Since the Fang stocks, Facebook, let's call it Facebook, Apple, Amazon, Netflix and Google, they've been consolidating, Apple is close to its all-time high. The others are really, they've been consolidating since the fall of last year. So what I wanted to show is this, that within the context of the patterns that we look at here in the Chapman Wave Method, using the Chapman Wave Methodology for subscribers to an opening call, we're always looking at the cup formation and the arch from the formation. And you just keep rotating through cup and arch and cup and arch forever. And sometimes you get a straight line move, and that has to be treated as something as a directional certainty that it's going up and up and up, well, down, down, down. But then it stops the stalls and it starts this whole pattern of cups and archers. So what I say to subscribers, you've got to be careful, we're very lucky we had shorted the Dow back in 16th of July, just off the top at $27,391 and the high was $27,398. We took profits on the way down, there was this H pattern, they went to a U-shaped pattern, runs back up to $27,306. So we went short at about 120 points off that high, we remain short. And what I had said to subscribers to my opening call on Saturday, I sent out in my newslet, I usually like to start preparing, sending out charts for the Monday opening call, all the year charts that normally would be sent every day, I start them in the weekend. And I put a little arrow, an up arrow here, and an up arrow here. What is this? This is the Dow daily chart, I wrote a whole sort of pre-see on what I was looking at. The candle that was formed on Friday, it's a pattern of a candle that has either no wick at all, it's either a big red candle or a big green candle with no wick. But I said it's like it's that type of candle, it did have a little bit of a wick, but what it did is it rounded very sharply. So you're looking at the low that was made on the 7th of August, the very next bar has that big green candle, and then there's a tiny candle, and it comes down sharp. So I said, I think we're right here in the same situation, we've got that same candle on Friday, tiny little wick, but mostly it was just open and closes, that's what you look at as the full candle. And I said, I'm anticipating that we're going to start to store here and then have a pretty sharp drop. So I'll show you the candle that we've got now, the current candle. Let me just move this away. Oops, I just made a mistake. Let me move that away. Sorry, there you are. And here it is. So we've got, I'm going to go to a cleaner chart than this. So this is the candle. There's the oval pattern, the yellow oval. That was the first one in August. And here we are. And here we are with that down move today. So that's what's matching here is that the patterns seem to be matching. I like that. What is important is that the Magdi, the moving average convergence divergence is still negative. Secastic has rallied. It's not very strong, it's at about 40%, but it has rallied. So this is a very important period in the sense that I think that we've got a confluence of factors. We've got the Fed. We've got a China trade deal, which I think we're going to play hardball. That's just my guess right now. I don't see why they need to rush to make any stands right now. So I think that we're in a tough situation. Just release for the next couple of weeks. And you can see that in the pattern of the weekly chart of the Dow, you've got this large arch. You've got a cup, then a smaller arch and a smaller cup. Now an even smaller arch. So we've got to be careful because you've got an acceleration now of the momentum of the arching and curving pattern. So that makes this base at about 25,700. Really important to hold over the next week or so. If we take that out, then all of a sudden you're starting to impact the monthly and this can last a little longer. But I do think that we're in a, I call this a consolidation phase. It's still rotational. We've been taking profits. We've also raised quite a bit of cash. We do have a long position that seems to be working quite nicely here, but today is young. Anything can happen. We're really looking to, I've said to subscribe, this is weight. There's going to be a lot of buying opportunities. We'll get your chance. You don't have to rush. I do think we're looking at lower lows and lower highs, at least for the foreseeable future. Yeah, it's going to be interesting. There's no doubt that we have this news driven market that's pretty wild, man. I mean, there's, you know, and the China... And then it's the same news. If you go back... It is. It is. It's nothing. The bottom line is the way I look at it, folks, if you don't pay attention, you're great, okay? Because my take is we're not getting a deal with China. It's not even close. We're not going to resolve it very quickly, for sure. Yeah. Yeah. And guess what, folks? China sells for the rest of the world, too. I think the hand that the administration thinks they have, they don't have. That's the other side of it. Yeah, and we don't really know, but yeah, I think it's getting a little harder. But I also wanted to just point out that I always like to look at Ds in the Chapman Wave methodology and the fourth highest peak other things can happen. I'm looking at the dollar. The dollar's actually having a nice session today. It did make a peak D in the daily charge at 99.46, but it's been holding support very well. I know. It won't give it up, man. Right. Yeah, the weekly charge is in a leg D to make a peak D if it's going to go high. And so is the monthly in leg D. So I'm watching this very closely with the dollar. Folks, come over to our website at TFNN. You go right under the newsletter. As you're going to see our man, Mr. Basil Chapman, the opening call. You hit subscribe. You can get it for a month. You get it for six months. You can get it for a year. Check it out, folks. Basil, you have a great one. Safe Line, of course. Look forward to the show tomorrow. Thank you, Tom. Thank you. Stay right there, folks. Come right back.