 testers. The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now toll free at 1-877-927-6648. Good morning, everyone. I just need to go to this right away because look at the way this nine grid moving average since yesterday was when was that 2350? That was I guess last night. In the 10 minute e-mini chart, the nine grid moving average cost positive, and it stayed there right away from all the way from the, so that actually was 330. Okay, so that must have been right at midnight. We got 4056, and we went all the way to today's high 4087. Now you've got a big red candle and a PGA. Well, I think it's going to be a PGA. And one of the things that I was looking at is the boundary of the one minute chart between just amazing how it stuck between 40486, I had said actually in the 10488 is the rectangle high. Well, the border on the upside resistance at the downside. Look at these almost equal arch formations that has just taken it out now since 4074 on the downside. So we are still stuck within that. And I just want to show you that for the moment. And it didn't make that a second peak. Like there's a peak D. I used a phantom peak right there to get the D phantom peak again there. Why I use that because if the unbalanced voting gives a little hiccup or the stochastic, I use that as a phantom peak to be ready to get out of any position, or at least take something off. Because if I'm waiting for a D and it's not going to come, you always expect in the Chapman wave a bi-signal goes to a bi mode, meaning there should be at least four higher peaks. But the future straight, the S&P futures trade in quarter points. So I use that because a penny would probably show up, but a quarter point could have a double top or double bottom. Alright, so we got that second peak, a third peak D, Chapman formula says that Ds are where you get other things can happen just as simple as that. Other things can happen. Alright, let's get back to our story. So I go backwards here. So a couple of people are asking about crude oil. Crude oil is up 20 cents in the continuous contract at 17.19. From what I'm looking at here, crude oil is starting to show right at that nine-period weekly resistance points at 74.30. I think it's starting to show some resistance. But the stochastic is really close to crossing positive. No, I shouldn't have said that. The nine-period over the 14 is very close to turning positive. And that could give another little boost to the upside. If it deflacks lower, watch out because 70, 71.50 will be hit very quickly. More importantly, the stochastic is rallying, but it's not that great as the 59%. The MACD did cross positive and that is a good sign, but there are still negative signs. That's a crude oil question came in. Looking at crude oil, where do you think it's going to go to today? But if I'm looking at the 10-minute chart, gosh, some of these I'd notated, but I had to shut down. For some reason, I couldn't get my platform. It just blanked out. So the mouse is everything else, all the different programs that I have up are all working. But the mouse, the point is there, and every time I clicked, it didn't reflect anything. I had to shut down and come back. So of course, I lost some notation because it's not automated. But when I'm looking at the stochastic in the 120-minute chart of crude oil, you see that it's just stalled there at 51% and it's reversing down. On-balance volume is reversing down. The MACD is potentially having a deflection to the downside. So I think you're right now is that if crude oil, which had the continuous contract, had a high of 73.86 and is now training at 73.23, if it takes out 72.61, that's a big, yeah, that's all I can do. I can say that if it takes out 72.61, then it's probably going to test the 72 level or 71.98 where the moving averages are. That's all I'm looking at. But if you have to ask me, would I be short along on a daily basis? I love 136 is the rule that I have for consolidations either up or down in any chart pattern, one bar rest, and then you continue to the next leg up or down. That's great action. Two bars, three bars, three bars is okay. It's not bad if you continue. Four bars or more, five, six, that means you have to almost restart the actual action to get you to continue in that direction. So in this particular instance, it's one bar rest. So it's kind of tricky to say, oh, because all you need to do is have one little instance come up to say, how I can pop to 74.38 and I've started a leg C already. That's that's one bar rest for peak A, one bar rest for peak C. That's very positive. But if there is a pull back yet at last into Friday and Monday, then you've got a stalling in the in the crude oil. So there were two questions. One is, what do I expect for the day? And the day is that I'm expecting some kind of sideways consolidation. But if it takes out the low that was made of 72.61 a little earlier on, there's a really good chance that it's going to dip a little bit further. But that's the best that I can do right now. And on the upside, if it takes out the high of 72.86, be careful because it'd be a real quick run to extend leg B from yesterday, just to continue leg B by going above yesterday's high. So I'm not a I'm not a big help here. Just my eye says there's a good chance it's going to pull back a little bit more. Now looking at it on a weekly basis, I would just say to you, this is good action from the low that was made. We've seen it before. This is one of the bigger moves to the upside. It's failed at a peak A a number of times. And even there was a peak B, but it was also the same extended move and then a stall. So it only goes to one peak before it has a big dip. This one has already gone to two and that's a positive. So the weekly chart says the MACD is still weak, the Stochastic said 30% not good at all, the negative nine under the 14, a lot of work needs to be done and needs to come from the daily and so far, the daily is just stored. I was talking about yesterday, I said, I think it can store in this 74 just under 74 area. Okay, but that said, I think that the market has had its opening selvo. 1020 is about to come up. Now we'll start the next part of the day. What happens next is going to be really important. I'll just go to the E-mini again. We've gone down below the 74 level to the 72. And we've got a peak G and we've got the 10 minute bar. Now the nine, well, the surface of 10 minutes was just begun. So the nine period moving average is just underneath the 14. So that's got an S meaning sell, but that you have to wait for the full bar to get a conclusion to that because still reverse and get rid of that S to go back to the L which is the long side. So all I can say is I'm thinking that a chunk of the work from yesterday into this morning has been done on the upside. Now we need to see from 1020 this morning Eastern time to about 1120. I'd even say until noon. What happens next because if there is a move in the S&P below plus nine, it's plus 15 right now. I'd say you have to now restart a whole bunch of buying to get back into to get back into the 4070s, 77 level. And that's going to take a little bit of effort. A little bit of too much enthusiasm, having a little nervous. So for us, we are long, we've got as long as we want to add to, but I did say on a different will add to one particular position. But it needs to be quite a bit of a dip. I'll be back in a moment. The thousand seventy one thousand Captain Tiger conditions are all good. 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Hi, guys, we're back and we're looking at with the DADA up 55, SAP up 15. I got a really good question. Yes, can you look at Intel? Intel, ITC. Right there, ITC. I wonder if all that work I did yesterday was updated. Yes, there it is. So Intel is up 59 cents at 3214. The low that was made down to 25, that double bottom, I'd said, this is the pattern that I always talk about. I need to show it here. Let me just do this. Click once, click or you get rid of those. I click twice. So I like to look at specific patterns. One is a straight line up or down. The other is the cup formation. The other is the off. The market is constantly just making these three patterns all the time. Within that context, they can make rectangles, they can do all sorts of things. But basically, you're looking a straight line, a V shape pattern or a cup pattern going from one point down back to that point, or a low going up and coming back to that point. How it deals with that left side high or low is really important. When you come down sharply, and then you make an H pattern fail with only a peak A or a B, and then you come down and take out that left side low, you can go a lot lower. When you're going up and you take out the left side high, you can go quite a bit high, depending on how you close above that left side high. Call this a dreaded H red because when it goes down, it can really go down sharply. But this H can sometimes if it holds the left side low and doesn't even take it out, or even takes it out by a fraction, but bounces back up, you can go from H to a lowercase m, a lowercase h to a lowercase m. And that says you're in a rectangle formation just stuck between those boundaries, right? We saw that in the double H pattern that we saw in the email. Let me just show you because I need to go apples to apples. So here we are. There's the pattern right there. Right there. There's your H and it held the left side low. It makes an M. What happens next? It made a third M and then took out everything because that's the rectangle midpoint line. I don't want to go into that right now. What I want to do is go back to Intel and say, So here's the H pattern. Here's your second H and the left side low of I think it was 2490 or something like that. 2459, the week of the 14th of October. And then it held beautifully on that rebound that we retested 2535, then we get 23rd of December. Look at the pattern. Look at the symmetry of the bars. Then you come down to the left side of 2473. That's higher than there. And that says great. The lowercase H went to a lowcase M. Now you can bounce. And if you close above the arch high of the H pattern, especially if you can do it two out of three bars, doesn't matter what time frame you're looking at, that's going to be really important. Well, today, it's spiked above it. It's trading at 3237 was the heights at 3210 right now. This is a really good pattern. And when I think about it, I remember Dave White late Dave White miss Dave White. Dave White used to always talk about the different because he was our tech guru when he spoke about these different instruments, these symbols Intel and advanced micro device when he discussed them in great detail on Nvidia, he would talk about them in very specific technical terms to do with their the industry. So when he spoke about Intel, he said, Oh, they finally doing something. This is the first time I'm looking at them that I think that they can actually make I don't know, but I think they can actually make money from this is innovation. And I remember looking at us, isn't that coincidence to what I'm looking at here? And I believe it was maybe two months ago, time flies. So maybe it was a little more. But I remember looking at it, Intel could be very good. And then we have a listener to TFN who likes to email me periodically or quite often, actually. And he said, I like Intel is the same person who actually said, I liked what GE has earnings. Why are you looking at Nvidia? And I try to explain that different instruments to different things. So you buy the high tech because they don't have the they use the earnings differently. And sometimes they have to sacrifice earnings for other things to get things right. And therefore you're looking at a PE structure, and you're trading the PE, you're not looking at anything else. You're looking at this high, highly volatile instrument, and you're just trading. So Nvidia had a spectacular rally. And Nvidia goes strong 108 back in October is trading now almost three times high 270. Well, wait a minute, GE, this person spoke about GE, GE and I just three days before it was going to split. I said, should I shouldn't I get it for subscribers now I'm going to worry about the split what it's worth. Well, GE was training in the 80s. And then it dropped to the 60s after the split. And then it became GE plus GE AC, which is the healthcare part, which is now trading at its high. And it's all time high what I mean IPO in December at 80. And it comes out in the 50 area. So yeah, there are different things that do different different mechanisms. Okay, so this is a fantastic thing. However, I remember him saying, I like Intel. I think Intel not enough if you bought Intel, but you say, can you look at Intel today, a rare value technology stock that appears to be breaking out of interest rates are done going down. It's a new bull market personally, I think not much more coming out within the banking crisis. All right, let's just skip all that. Let's just look at what you wanted. So Intel has broken in the dreaded age that goes to a successful m shaped pattern. So far is closing on on the hour above the highs that were made. And I'll go to the high that was made back in November, which is the high of 3134. So so far, it's almost a dollar higher. I can just tell you this, from the chart pattern that I'm looking at, I'm going to get rid of this right at ABCD, I think we've just made a D in the 120 minute chart, not the point. The point is, you see the way the weekly chart during this whole period of consolidation for six months. Yeah, six months. You've had the magnetic cross positive. The stochastic was okay, but really more, more moving higher than lower on balance volume made a really big V shape pattern reversal week before yeah, the week before the actual last low. And that was the week of the 24th of February. This is really good action. So I have to include that that's an A and that's a B. That's an A and that's a B. Then it comes down. This is an A, but this is a C because it's taken out all the B's. So this is another A right here in the Chapman methodology. Remember, I'll show you this in a moment. This is the starting point. And now I can put an up arrow because everything is looking way, way better in the weekly chart. And this is the low that I'm talking about. So as long as this low remains sacred, that was the 56 and the next one was 0.72. Remember that 24 56 some of this was 2072. So this is the low. So every peak in the Chapman gets counted. So this is peak A. This is a peak B. This is peak A. That's peak A. This is peak B. This is now C. Oops. A, B. Oh, oh, oh, oh, this is actually leg D. So this I'm pleased I did this because I would have skipped that. So this is A. That's look at that. This is A because every every peak has to be counted. You want to be ahead of the game, not behind the game. AB, this is now leg D. That's not a problem because it's D. It's only coming off a low at D. So this is a D. But that is very positive. So I'll talk about things about because I think it's a lot of people asking about the same eyes of this is an important summer. I'll be back. 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I should say the crude oil is now producing the same kind of H-pattern, the one that the chart is the continuous contract. Look, there's your H-pattern. You come down, you pull back sharply. That's the back of the chair for the H-pattern. Now you're starting to move up. If this takes out that high that was made on the continuous contract right here for two out of three bars, that's one minute bars above 1737 in the continuous contract, then you can move to the next level. This candle right here at the 1740s. I just wanted to do that. In the 10-minute chart, it did a peak F and then an unusual sideways move that popped once to a peak G and then plunged down below the 200-period moving average, and that in the 10-minute chart is really 7326. This is going to be your fulcrum right there. Watch it closely. The further away it gets on either side, the greater chances are that that's the direction. And I missed a fabulous bar for myself right here with a doji candle and a chaff tea with a magni turnaround. The stochastic gave a beautiful turnaround from under 20% to over 20%. The on-balance volume gave you that beautiful little V-shaped pattern and now we're soaring back into the resistance level which will come up at about 4086 to 4088. Look at that. Beautiful. And I can even draw this and for you and I'll be back to Intel in a moment. But someone just said, texted me to say, Hey, just show us what's going on in the one minute e-mini which that person is trading. So, oh man, that was a nice move. This reflex action making it look there's the V-shaped pattern or the cup formation. Now the cup formation uses this as a midpoint or right here. There it is. There's your midpoint. And now your left side, right side price time match for bar symmetry says that bye. I'm going to give you the exact time by 1035 or 1032 right now. There should be an attempt to hit boom. That high of 1001 this morning at 46406787.75. Okay, I'll be back in a moment to that. We'll check it out. Meantime back at the ranch. So Intel. So the answer is, I love the fact that in the SMHs, as a couple of them were starting to stall, mobile, a couple of others like that, you suddenly got new leadership. You got leadership that came from one of the not I can't say it's a lagoon. I can just say Intel is almost like the GE of yesteryear. It was just an impossible stock. It just it couldn't get out of its own way. But finally, it's like IBM, it took so long for IBM to be recognized as a cloud computing company. They tried everything desperately. And finally, IBM is up there. And I mean, it's being very, it's trading within a big range. But it's recognized that in that same category. So looking at this, the SMHs are doing fabulous. I love when the SMH is a semiconductor or leading up or down because it gives you a good clue to the market action. Right now they're leading up. And that's actually breaking out. Can you believe that with everything that's been said? The SMH, the semiconductor market vector semiconductor ETF trading at 261.69. The last time it was there was was April of 2022. Let's see, April, aren't you getting into April? Wouldn't that be about 11 months? 11 months ago, that's where it was on the way down to 161. And now it's up 100 points from that. To me, this is a market that's rotating through the different sectors. That's what I've said to subscribers. So that's why we're in different sectors, trying to garner whatever we can from being under the radar. And that's number one. Number two is within that sector, that whole rotation, I'm just wondering, because let's see what Canada, I'm going to be back to you in a moment. Canada put us just under the 200 period moving average. And that tells me that Pave, which we were in for quite a while ago, this is the global XU's infrastructure and development ETF. That's stalling because in the terms of money going into infrastructure, the money has been dedicated, sometimes getting from the dedicated to the actual money implementation where the companies actually get it can be quite a while. And that's what I'm looking at here. And it could be because of the bank crisis. This is put it that way. So it's other areas that are really benefiting at this particular time. So I don't want to get too carried away, but I think that we still have a rotational aspect to this. And that just tells me that going into next week, I wouldn't be surprised if the Dow does get to a D and then maybe we stall again, INDU. Look, these peak Ds, look how many Ds it's had, and then it pulls back very sharply. So I think C stalling at the 200 period moving average, maybe a little bit of a pullback, maybe even tomorrow, but we should get to a D. Look at this, the QQQ. This is in leg C. It should also pull back for at least one day or so and then make a leg D. The S&P has already gone to a leg D, but it's above the 200 period moving average. So that's good. So let me go back to Intel just to say yes. You're absolutely correct. I think Intel is in play, I think on a very short-term basis. It might be a little overbought, but the fact that it's held, no, the fact that it's popped above these arch highs is really important in the weekly chart. I would like to see over a three-week span that at least two weeks is closed above 31.34. Actually, that's not good enough. I really would say above 32. I don't want to make it too tight. It needs to show that it's got the strength. And look, the week is still young. We've still got today and tomorrow to go, and yet the nine period moving average at this point, I have to wait for tomorrow's close as popped above the green has the pinkers turned to green or turning to green above the black moving average. So that's a good sign. Oh right, that's a lot of things. Okay, I didn't finish. So let me just show you this. sbx.x, that's the SMP. Nice move above the inside track repellent zone in the daily chart. That's that falling ax. We spend a little time for one of our dinners talking about it. He asked me, could you go through this? So I really don't like to do this in the middle of something, but I'm going to do it now because the question was asked. So this is what happens in the falling ax formation and I'll show you the chart in a moment. So we should go to all the way to there. I just it's a big ask. I like to see it as it's unfolding and that's, oh look, there's the falling ax and it's successful. But as I'm doing it right now, all I'm doing is I'm demonstrating to you what could happen. So let me show you. This is the distance between the low and the breakout point of the downtrend line. I like to do that and I go one to one with a chaplain wave. This is a one to one parallel extension. In other words, the number of bars that it took to get there should be the number of bars that it takes to get and make this green just so that you know what I'm talking about green. The number of bars and I can't go it should be there to there. That is just wild. That's 4200. I don't like to do that. So just to be conservative, even this looks more aggressive than I like and that says, I'm going to say it out loud now but normally I do this very quietly to myself. On the 10th of April, there should be an attempt to get to 4090 and where are we now? We're at 4050. That's 40 points higher. That's a big ask, especially in this particular stage because there's still some uncertainty. Anyway, that's the way this would work on a very, this is actually a conservative way of looking at it. I'm going to, I'll leave it there and then I'll, I'll look foolish if it suddenly turns down and goes to 3950. I'll be back in a moment when it does up 100 as it be that 50 feet. That's a chapter tiger technicians' hour. 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. 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. Biotech is booming but for how long? 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Am I right? Is there a caller on the line? Good morning, Basil. Is that John? This is John. Hi, John. How you doing? Basil, I'm doing very well. Thanks for taking the call. I wanted to see if you could help me. I listened to your show opening that first two minutes spot that you do, and you highlighted the Dow, the S&P, and the triple Q is the NASDAQ 100 ETF. Yes, my question is pertaining to that QQQ weekly chart. I'm wondering if you can expand that out. I know in working with you and being one of your students and hearing you on in the Tigers down on Tiger TV for well over a decade now, you have a tool that comes into play from time to time where you see a point in the future, a future point in time in which you can be looking for the end of an up trend or the end of a downtrend or a turn in a trend. I'm wondering if you could share with us if any such idea stems from your QQQ weekly chart. I'm wondering if there would be some point in the future that in your work would point to a turn in this rally phase that's been going on since October. So that's a question that pertains to using measured moves in time and in price. So this is what I'd be looking at and that's a great question because it's funny. I was looking at this last night and I said to myself, look at the way, and I mentioned this when I was interviewed by Tom the other day, I mentioned that the QQQ, the index 100, even with all the noise that's going on, has actually done very well in the time that we're looking at it with a major downtrend line. I keep losing this chart right here. Let me just do this. What I call the inside track repellent zone. Now my theory with time and price is that if you're looking from the left side to the right and you've got a trend line, time alone will get you to that line. People always talk about trend line, trend line, trend line. A trend line is just, it's just a visual representation of something that tells you where there should be maybe resistance or support, but once it's taken out, how it's dealt with and revisited or not revisited to me is imperative to monitor because you know we had, who was recently talking to Larry about left side, right side translation. I look at things a little similarly, but with it in the context of tide. If you're looking at the tide of the weekly QQQ, you'll see that if I take this moment right here, I'm just going to do, you're probably looking at the chart right now, correct? I am. Okay, so if I take this weekly chart and I'm going to actually move it out a little bit to make it fuller so that we can get the impact of the lower lows and lower highs. For a while now, since the October law of 254 36, it went to a very quick peak ABCD, higher peaks and my rule of thumb is that if there's a very quick, especially B to C and then to D, be careful because you can get quite a sharp pullback, not a major cell signal, but a pretty quick pullback, which is exactly what we did. So I'm treating that now as like a midpoint line and just on a purely visual basis, I would normally say great. Now you can go from this high that was made back in July, you can draw a midpoint, you can go from the left side to the right, change the color green to the right side and say oh great, now you've got yourself a beautiful match to the right and that comes in the week of the 14th of April and it says by the 14th of April if this pattern is to continue and the MACD is good, the stochastic is improving, it's not at 80%, but it's 79.85, what's missing is the strength and the on balance volume but it is moving up. The nine has been way above the 14 for about a month and a half, therefore using this particular technique I call this price, here we go, so this is the left side, this is the right side, I used to call it an elaborate thing, left side, right side, price, time match and then I'll think you know what, I've spoken about symmetry for so long, let's just call it price symmetry, bar symmetry, so the bar symmetry says at the high of the 19th of August at 334.42 and I gotta realize that's nine points away from where we are but you do have two or three weeks to get there, but to confirm it, I have another technique that I use, I call it the inside, chapter wave inside wedge, a target repellent line and there's a particular bar or candle that I go to, it's always, it's on the left side of the lowest low and that takes me right there, so I actually have a confirmation that says if this particular pattern is continuing then we should see the 334.42 high of August the 19th, the week of August the 19th hit by the 14th of April, well the 14th of April, let me look at my calendar right here, is a Friday, oh that's in three, three, five days time, that's a two-week time, so it's got two weeks in which to do that but most importantly this inside track repellent line, I usually make a dash, I'll make a dash right now, says on the way you've got resistance next week at 322 and then you can go all the way to that resistance that's at 334, that's the way I would look at it, most importantly I would also say but the support of the 200 of the nine-period degree, nine-period moving average in the weekly chart of 301.52, let's call it 301, the 301 area, if there is a close below it any time, any day between now and say Friday a week, that says you're stalling out and it could take longer to get there, so that's the kind of pattern that I look at, I have nothing now to say that it couldn't happen but of course the market is the market, I'm just saying this is the analysis that I would do, you've got your double U, remember I was talking about just a moment ago I was talking about the H pattern that goes to an M pattern, let me just do this for you right now because there's the H pattern in the in the one-minute chart and you've got that H that went to an M, I forgot to put that in, I'll just do there and then it pulled back and it broke under it and then I spoke about Intel and let's just go to Intel because this all relates to the pattern that repeats over and over, so yes Intel and look at the weekly chart it's done the H pattern that went to an M and then it broke to the upside, now let's go back to the QQQ and you'll see this is the exact upside down one that says wait a minute the 254 36 low that would be the inverse the arch this is the cup formation that would be the arch that wasn't taken out so that was a successful test now you can go to it's almost like a head and shoulders pattern now you can go to the neckline so it's almost it's almost the inverse of Intel and yet I'm looking at the upside for Intel and yeah we've got the QQQ but it's using the same the same formulation of the pattern so I don't know if that helps you but that's the way I'm looking at it right now thank you very much Hazel thank you very much for calling very good question and thank you for forcing me to do the work now instead of relating to that thank you very much I'll be back folks it does up 110 sbs of 23 so it was a 15 before now so 23 I'll be back there's a lot to discuss and I'll be back TFNN has just launched their new trading room the Tiger Zen hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tiger's Den available to all Tigers and Tigris's for just one dollar for the year there's no catch or added costs when you join our community of traders in the Tiger's Den you can look over the shoulders of Tom 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crude oil all the way to peak E I don't know if this is a single leg A in the in the in the temperature but it wasn't that that was a great breakout so this is what I want to do question came in about gold so look my longer term gold you see this long-legged doji and leg D with probably a peak D if there's no new high this week I'm suspecting at that gold because the gdx was lagging lagging lagging and now it's leading it's almost like golden silver that same ratio so I'm thinking that gold the gdx is telling me that gold is in play but I think it's going to be a rotational it'll be in play and it'll be out of play and it'll be in play but as long as you start to make at this particular point higher higher highs and higher lows then all I can say is that gold is going to be there because of the fear of the financials and they they're not going away right now so I would say that a worst-case basis would be a 1940 in the 1940s for gold at this particular point in my longer term the question came in about the longer term if gold is able to close any day it doesn't have to be a weekly basis above 255 to 262 gold is in a different something very different is happening because this long candle from February I think it was the last year that was all the way up to 20 2150 or so that comes into play all right so that was that question question came in about Microsoft Microsoft at this particular point is peak A that didn't take out the left side low I can't do it quickly enough A, B, C yeah I think Microsoft is moving towards the long the resistance in the 285 area that's going to be really important it's at 282 I'll do more tomorrow and I got asked did I do a little bit more of this intraday to show the techniques I'll do that tomorrow for technicals later have a great day, stay tuned for