 Let's go over to our man, Mr. Basil Chapman, as we do each and every Tuesday at 20 past the hour. And don't forget, folks, Basil does an outstanding show here every trading day from 12 to 1 Eastern standard time. Also, it's a great newsletter, the opening call. Very easy to get the opening call. Come over to our website at TFNN. You'll see the opening call. Go into the newsletters. You'll see the opening call right in the top row. You can get the opening call for one month for $128. You can get it for six months for $5.95, which is a savings of $173. You can get it for a year for $9.95, which is a savings of $541. They all come with a 30-day money-back guarantee, folks. Get everything to win and nothing to lose. Happy New Year, Basil. And a happy New Year to you and to the entire TFNN team and to our listeners. Let's, as you like to say, let's make it a great one. That's right. 2020, man. Can you believe that? It's just ours and it's amazing, isn't it? God, seriously. 2020. I love it. But it's like 2020, man. Holy cow. The reason why I like 2020 and the decades after that is when you look back, it's so much easier to say, what do you say in the zeros? You say back in the zeros, it just doesn't make sense. Even back in the teens. Once you say the 20s, it's a number you can latch on to, but it has a ring. We'll see all those folks that are going to be 20 years old this year or 40 years old. That's going to be kind of cool. That's it. That's right. Okay. So let's do it, Basil. Stay in the decade. What are we going to do here? We're wrapping up the year and it's been a very strong year for all the indices. You know that in my work, I like to look at the fourth highest peak from the low bar and I count the waves and that fourth successive peak is called the peak D. You start at peak A, then peak B, peak C is the third, peak D is the fourth. It can go higher, but it's at D that other things can happen. And you can see here, we made in the Dow, 28,701, we made a peak D. So that's a warning to me to say I've got to be a little careful here. So for subscribers to my opening call, we actually took a position yesterday on the short side, just a starter position in the Dow. But you know, I keep talking about this, how important these are my work on the technical side to look at the nine and 14 period moving averages. And you can see there was a moment back early December where there was that sharp decline and we went from this high bar right here on the 27th of November at 28,174 plunged and gapped down. The big red candle goes underneath the black line, that's the 14 period moving average. The green line turns down and it plunges down to the 27,325 area on the third. And then it gaps up and it makes an island reversal and then gaps up again. And what's really important about this, you can see how close the green line came to crossing negative and that for me would have been a tip off to say, yep, on the daily, at least we've got a cell signal, probably going to a cell mode and a deflected higher and look, it stayed higher all the way through. Now what I'm looking at is it's flattening out. But it's still to get this green line, this is the daily chart of the Dow. I could have anything up here, but I'm using the Dow for the moment. To get this green line to cut underneath the black line and change color to go pink, which means it's now in a declining mode. I would say you need, even from right here, where we're about unchanged at 28,450, I think you would have to drop at least 350 to 400 points to get that decisively under it. So to me, so that says at this particular moment, we've got some residual strength. That's all it's saying. And it says, if you want to be looking at the downside, you've got to be a little careful because there's, I'll call it selective technical support. There is still some residual strength. So what's fascinating about this is if I go through the S&P and the S&P right this moment, which was Dow sharply earlier on, now it's up to, you can see it held the green line. For this green line, which is even stronger than the Dow green line, that 9-period moving average above the 14, it would have to go somewhere around here at 3190. That's 30 points. So that's like the Dow, as I said, over 300 points down. So far, that's residual strength. So I'm anticipating that we're in the process of making some kind of a top on the shorter term. But it's not going to be an easy thing because there are still a lot of people that are looking at the upside and it needs to conclude. But at the same time, I'm thinking that January is going to be a really choppy month. I believe it has limited upside in all the indices. And for the downside, it's step by step. So if the Dow had to close at any point in the next two weeks, underneath 28,000, 228,000 under that support level, start to get back into the 27,000, then the daily chart is saying, OK, it's now in a sell mode. And the weekly chart, you can see how strong it is. It's only at a peak C. So that has a lot of support all the way down to the 27,800 area. So I think it's going to be a process that starts in January, that we've got some kind of a topping action. It's not going to be easy for the bears. And I don't think it's going to be easy for the bulls. It's going to be sideways to very choppy. My thinking is it's going to be slightly lower highs after about early January, about the first or second week of January, and then start to increase with slightly lower lows, and then the lows just start to expand. So that's my outlook. And what's very important to me is today is actually the anniversary exactly a year ago on the 31st of December last year. We bought a Bank of America. We've had other positions in it, but we still have a core position from the 24th. It's trading right now in the 25th area. So that tells me that as long as the banks are holding well, I think that is very important because the banks were dismissed for a very long time. But I think bookkeeping-wise, they've done everything that the Fed is wanting them to do. And every major market top has had something desperately wrong in the banking area. And at this particular point, I think we're headed towards that way, but they are still strictly doing things by the book. So I think they're okay. And I think that you can see by Bank of America, very strong legs see at all-time highs in the monthly. I think that's a good sign. I'm waiting for Goldman Sachs to sort of get going and become a leader as it has in almost every big major bull market. That's the first time Goldman Sachs is just on the sidelines. You remember, there was a year, I think there was a year that they had like three losing days or something. You remember when they were the traders? And what Baz was talking about, three losing days in the trading business, folks. And that's like sick. I mean, it's almost inconceivable. Mathematically, I don't even know what formula you'd use. But anyway, so they haven't been participating. Yeah, just so that what happens there is that that's like you or I are the people listening trading. What happens is that they get the auto flow coming in. They have the inside story. So they're making, well, they get the auto flow in both ways. So they're making a spread. So the banking system, folks, is a different type of trading. I mean, they're hoping that they already have it sold before they even buy it. Correct. So in other words, the position, they're kind of locked in the position. Yes. Immediately. Right, right. But there's no doubt that they printed money beyond belief. And that changed when there was a lot of legal action. But I suspect that they'll be back. And that for me would be a clue. Another big clue for this coming year is the IAI. And that's the iShares Broker Dealer Index. And they haven't quite made an all-time high yet, 70.58 back in March of 2018, come really close. And I think that we've got to keep our eye on that. Because if they start to break out, get to the 73s, I think a lot of the public will be coming back into the market. Right now, they're digesting big gains. Folks, we're kicking into 2020. Basil, you have a great one. Safe one. Let's see how I'm going to speak to you in the next decade. How's that? Next decade, I'm looking forward to it. Okay, Basil. Thank you so much, man. Have a great one.