 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. Hi everyone, Basil Chapman on this 12th day of October Wednesday. We're looking at this as Fedspeak Day so we'll see what happens after 2.30 this afternoon. My suspicion is that we were going to a sideways pattern for a while. We've had some very optimistic rebounds earlier on and then the 830 PPI report came out, was quite a little bit more than anticipated. Market dropped very sharply and we are looking at this particular point, the VIX index up 48 to 34.13. I'm going to focus all week on this VIX index, why? Because for three weeks it's managed to get into the Chatham Wave inside track weekly down channel, the mini down channel. So far this week, as it did three weeks ago, we were popped above to 34.88 the week of September 30th and then closed down and then now we've got Chatham Wave Roman candle from last week, meaning at any point this week if there's a one day, I'd say even maybe a three hour period where the VIX index trades under 30.50 and it's trading at 34.11 right now, that's a huge drop, I mean a huge drop. That was suggested it's even going to go down to about the 28th level where it was last week on the lows and that would be very positive for the market but trading above, you've got in this particular rule that I have for the Chatham Wave Roman candle at a potential high, if there is a close above the high of this, in other words above the little wick and so far it's quite a bit above it, I usually say what you do at that particular point and you have to talk about a closing price that means you have to go all the way to Friday. So if at Friday at four o'clock the VIX index starts to drop sharply and closes underneath the high of last week which was 34, fifth 34, no it was 3306, that'd be a good sign to say now you've got the body of the candle, the body low which is at 33 and that just says that 33 should be a support level, so it's a little complicated, we're looking at it and had the same thing with the long legged wick from three weeks ago, so everything's applying and saying that at this particular point the MACD in the weekly chart is very strong, 90s way over the 14 period exponential moving average, stochastic's only at 77, it hasn't gone to 80% but there is enough evidence, we're not yet midweek, we're close, by the time Fed speaks it'll be midweek. So we're just gonna be watched as closely because if there's a pop and then a close on a daily basis above 35, the market's gonna become vulnerable. All right, meantime as I say it kind of suck in a range and very often what happens is that as you're getting closer to the Fed announcement so that at two o'clock that's when news comes out but up until about 1.30 if the market is up, it's probably gonna pull back a little bit if the market is down it'll probably round a little bit closer to unchanged, it'll get to unchanged but that's kind of what we see. So now within this particular pattern there's a cup formation within the next couple of days we'll be able to take a measurement from this high that was made at 34.88 on the 29th of September in the daily volatility index to see if there is a pullback without going very much above 34.88. Is the MACD higher than it was? Is the stochastic higher than it was at that particular level? Is the 9th period moving average still very strongly above the 14th? So those are things that are going to tell us whether or not this volatility index is here to stay for a while in the higher level. All right, enough with that. Let's get to our story. Our story is that the Dow is the 9th period moving average is starting to make a W formation in the daily chart. The weekly chart still looks just terrible. It's expanding. You can see yes, the histogram is a bit weak so we don't want to talk about it as if it's closed but it is a weekly chart. The stochastic is down at 7%. Unbalanced volume is trying to make a V shape recovery and it's in the process of doing that but the daily technicals are different to the weekly technicals. The weekly technicals are just insistent as saying lower lows and lower highs until the trend changes sharply in the daily chart that weekly chart must still be considered very negative. On the very short term though, I've been discussing this in the Chapman Wave arch formation, the one that I call the dreaded H. In this particular instance when we look at, let me just draw this, I'll bring it across. In this pattern, I'm always looking at straight line up, straight line down, cup formation, arch formation and a mix of one and two or one and three. So this is what we call the dreaded H because when there's a sharp move down, then there's an arch formation at a peak A or a peak B. There's a failure and then it comes down and takes out the left side low like it did there back in August like it did there back in September. And so far has not done in October. And remember, I've been totally fascinated with this whole aspect of September had the low in the Dow. The S&P has gone to a low low in October. Is it even possible for the Dow to have a low at 28,715 that remains in place for a good chunk of October? And that would say sideways is a consolidation. As I said in the den a little while ago, I said, what am I saying over here? I typed it in and I said, remember, sideways is a position as in narrow rectangle lasting a lot longer than your patients. And what do we have right here? In the, I don't know. I haven't looked at it for a little while. Now look, we've gone basically we've gone sideways since that spike after the big sell-off that took us to the 35, 85-ish area in the E-mini spirals up to the 36,18 area and comes back down. But basically we just going with trading water and hopefully it's not riptide, it's just trading water. So here we are. We're looking at a situation where there is some positivity in some of the technicals in the Dow daily. But price is the arbiter of the trend, not the technicals. And it's very often that we forget that as price is going up, we say, how can I do that the technicals are weak or where price is going down? How can I do that technicals? No, price is the arbiter of the trend. And this particular instance, it is holding just a little mini trend line right here. Let me draw this in. And what I wanted to talk about today and I had mentioned this when I was interviewed by Tom yesterday in the last hour of his show, Tom O'Brien show, that the, I wonder if I can do this. Let me see. I'm gonna go to the chart at the back which has just more, is that the one? I'll just go to this. No, that's not the one I want. I want this one right here. Things are hidden behind this door. There we go. So let's go. I will focus a lot bigger and a lot bigger. I think you can see it. You can see what I'm thinking about. I think at the cost of a really important moment. Fazzle Chapman tells up 98 SOP's of $1.50. I'll be right back after this show. This to Gold owns and operates the largest undeveloped gold project in Australia. The Mount Todd Gold Project. This to Gold just completed their feasibility study resulting in a 7 million ounce gold reserve. 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The green nine period exponential moving average differential is above the slow moving 26 period exponential moving average in the mag D. And in the stochastic, we just about to see the green try to cross above the 14 period moving average. Why do I keep saying that? This is a stochastic, which is going to cross above the slow moving average. So the red is slow and green is faster and you've got a little VJ pat. But most importantly, look, you've got the histogram of the mag D positive, which gives you some strength, but the market has ignored that's why I'm saying price is the architecture of the trend, but you have the W formation in the nine period under the 14 period moving average. So to look, just take this price here. To get that pink to cross above the black, you probably have to get at least into this territory again. It did it before, but that's after a massive move down. Look how long from the couple of about a week after we weren't short the Dow, which is right over there just off the August high via the DOG and we still remain short because that's an intermediate term call. That pink nine period moving average it even tried to cross, but it deflected lower back in mid-September. And now for the very first time, you're starting to see an improvement. And that's suggesting to me that there doesn't have to be much good news, but just the hint of good news could give you a spike. Spikes are not good enough. You have to hold to get this nine to start moving above the 14. There has to be both velocity to the upside and then momentum. So torque and momentum. Remember, I use the stochastic as the torque indicator and the mag D as the basically the sustaining of momentum. Well, in this particular instance, you've got out of my three, that's the mag D, the stochastic and the on balance volume, all three a week. But to get all three, sorry, between the nine and 14 period moving averages and the stochastic and the on balance, those three a week, the only strong one is the mag D, but you can't do something by itself. It's got it needs help. So to get the Dow Industrial trading at 29,324 up 78 points right now, to have this pink move above, you're gonna have to get into this range that was up in the October the 5th, where it went to 30,454, it's gonna need to do that. And with the new so far, as first of all the PPI, if that was even just a hint of positivity, we would be up 300 points at least. And that would say, well, maybe by the time Fed comes out with its Fed speak today too, all they need to do is say, we're beginning to see a little moderation in the increase in activity on the, or the premium in the inflationary side. And that's good. Right now, whatever they say, they're gonna still have to harken back. So this is for the end of the day to really turn very positive. We're going to need a lot of encouragement from whatever your reading is or the markets reading or what the Fed says and what the book says. So all I can say is that those are the numbers to look at. 30,500 would become a really big improvement and help that nine-period to cross above the 14 and it can't just go there once and it needs to stay there for a little while. And number two, within the context of support, we haven't taken out that left side low of 28,715. So this is, we're on the cusp, either of spiking a little bit to the upside. I don't know about a lot to the upside, but enough on the upside to at least get back towards the 30,100, 200 area, which would be really good. But if we take out the low of three days ago, which was 29,000, it's called 29,000. We're at 29,295 right now. That's gonna make that dreaded H-bat that we were talking about that red, you remember the straight line down, then an alternation, you guys do a straight line down. Yep, it's at an angle, but it's really like an H, a sloping H. And that says, oh, like the S&P, let me show you the S&P now. I mustn't forget that this is just a little diagram that I'm showing you here. I wanna get rid of it as soon as we finish the little story right here. And you can see strutting doji candle yesterday, so far doji candle today. I don't think it'll be a doji by the end of the day, but we've taken out that left side low. The MACD was positive, it went negative. Now you've got all four. You've got the nine under the 14. You've got the MACD just to a negative over the last two sessions. Stochastic's still very poor and you've got a flat on balance volume. So we're in a situation here where there is a chance, just based on a purely technical picture that says the selling, although we saw it earlier on, when the down futures were up over 200 points and then coming down very sharply, that this market is still very susceptible to selling pressure. Okay, got that out the way. QQQ, now we're back on our regular charts. QQQ, made a lower low. It has three days in which to two, maybe three days in which to break above the left side low that it took out in the dreaded age pattern. That's 267.10, 262.64. It's gonna take a lot to get us right back there and even to think of the 270.44 level in the MACD. The 270 level in the nine period exponential moving average, that's gonna require a lot. And you can see in the weekly chart, I drew in the potential for a cup formation, a second cup formation. So far all that's happened is made lower lows in the arch formation in the weekly chart and monthly chart is not looking good, leg B. So there's just a purely technical oversold condition is needed here to say we're washed out, now we just need to see some bias, maybe for shorts to reload, whatever it is, maybe new bias to come in and that's what we're looking at, IWM. Let's do this quickly. IWM still hasn't taken out the 163.28, a left side low of late September. It's at 166.08 right now, holding pretty well and the weekly chart surprisingly enough over four weeks so far hasn't taken out the 162.48, June low. Now that's important. All right, now we're gonna get to the nitty gritties of what we, a lot of people are looking at. Gold is down 10 at 1675, off the low of the day, but yep, it's down. The nine period moving average has just so far, the day is young, but we've got an S meaning sell, just this is on a purely technical basis for the nine under the 14, it'll show up tomorrow because you have to wait for the entire day for it there. But the MACD is good stochastic, it's not bad at 58%, on balance volume is not too bad either. So this is a digestive phase off the spectacular move going from about 1630 all the way to 1736 also, and now we're at 1676, but it really not a good chart, madam, certainly not in the weekly look at silver. Silver trading right now, down yet again at 19.03, off the fantastic peak D that was made in a left side, right side price time match, failed under the 200 period moving averages now at 1903, down 45 cents. Now real quickly as we get into the break from one look at the dollar, for the dollar is up 116, 1338, there's a lot, okay, and I've got all the stocks that we will go through when we return Baselchamp and Tiger Technicians out. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency in bond markets. News subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, DXAU, HUI, GDX, as well as more than 30 different mining equities. 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From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN, educating investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Hi folks, we're back and we're looking at the Dow up 145, best of peace up six, the day's young, anything can happen. So let's look, so the DXY is running on the right side. This is the time that it's taken to move to the upside means that if by the end of the day there's a sudden spike that extends this leg right here, which is really a gray A because it's under the previous peak D, I still haven't been able to put it down arrow yet because the nine period didn't go underneath the 14 period moving average, but all the other technicals were very weak. So the dollar is saying that at 113.37, 114.78 the previous high, if suddenly today there's a spike to the upside, that's gonna be really positive. But if for any reason, we don't even know what the reason is, we take out in the next two days, we take out the low of yesterday, which is 112.41. 112.41, I would prefer to say lower than that. I'm gonna make it 112.20, which is the 14 period moving average. Now, if it takes it out in the next two days, that's one thing. If it closes under that, there's a chance that I can talk about an arch formation forming. This is the dreaded H pattern in the dollar. Wow, I don't know what'll do that, but that would be a big surprise to a lot of area sectors in the market because that would save dollars pulling back. There's now a chance just for the moment at least that the market could have a little positive response because the higher dollar really is impacting not every single day, but a lot of the time, the higher dollar is really impacting the market. It's certainly impacting the multinational profits of these companies. Okay, those are the parameters. Above 114.78, it's just spectacular action. Might even have recycled the weekly chart. You can see this trend line, unbelievable how trend lines form. How does a trend line know that every time it rallies in a diagonal pattern? And what would you call this? I'd call this, where is my protracted? I like to always put it within reach, but of course right now it's not in reach. My eye says that's not 45 degrees, but it's pretty much a 40-something degree, upside angle, you know what? Could even be close. Maybe, oh, I always put it just close by and it's just too far away. I can't even see it right. Oh, I can. Okay, if I can get it later on, I'll get it. But in the meantime, what we're looking at, look at this resistance area. It still gives it room to run all the way to 115 and off, maybe even 116 if it's next week, because the weekly chart, but that if it breaks above 114.78, this extends legs C in the monthly chart. That means no matter what we think the dollar is just so powerful, it's going to impact the market longer. Okay, and if it starts to pull back and make that generation says, it's giving the market some time in which to run. Now, one of the reasons why, within the context of my opening course subscribers, we've been really, I wouldn't even say day trading, the diamonds, the DIA, those are near terms, it's got nothing to do with the short position. And even today, we actually got just a little bit more aggressive. So far, we could be very aggressive if other things happen, but I'm not interested. Right now, there are parameters that we have set, and that's as simple as that. I do not want for subscribers to change the philosophy of having built up a big cash position, you can just step aside until we get a really good decent low that is a tradable low for weeks, not just days. And then there's a lot, I mean, I'd spoken about Caterpillar, I said, look at the action of Caterpillar, how nice it is. 180.40 up 65 cents today, off the 160 low of two and a half weeks ago. This is not bad. Weekly chart says, what are you talking about? Monthly chart says, ah, yeah, yeah. But right now on a short term V-shaped pattern, why is a cyclical like Caterpillar doing so well? Well, let's just do this. Wheat, that's wheat. There's no other way I can count it, I suppose it is. That could be an A and D, C, D. Oh, I haven't thought of that. But wheat is within an up channel. It's at the bottom of the up channel. It is really testing the support level. Weekly chart is just okay, but it has had a pretty decent rally from the 736 level in the continuous contract to the 950s. It's trading at 88.3 quarters right now, 88.89 down 12. So I'm watching this closely because the 200 period moving average in the daily chart has been like a fulcrum for it to move up and down and up and down sideways. Look at soybeans. Soybeans is coming off the 200 period moving average, but it's had a very sharp decline from the 1500s down to the 1340s. And it's trading right now at 1382.5 up six and a quarter stuck in the slower range. Corn. Corn had a fabulous move up. I didn't know what to call that. Now there again, I should have done this. This could be A, B, holding for a long time. This could be, whatever it is, it's up near the upper part of the range. It's trading down two and three quarters at 690 and a quarter. Holding very nicely in the upper ranges with a nine period above the 14 and then sugar. This is part of the DBA, which we are still long the DBA from the 13s it's trading at 20 right now. Now this is a leg E in sugar. Beautiful move up in sugar and the MACD is good. The stochastic's flat at 93% so sugar can hold you even if it pulls back. Wheatley chart's starting to improve and you've got this double cup formation in the monthly chart. I'm watching this very closely because this is part of the DBA. This is what's been helping the DBA rally instead of pulling back because some of the other grains are very weak. So we're looking at the soft commodities doing overall, doing okay. Now I wanted to go to crude oil. Crude oil's pulling back after this big move up from the 76 is all the way to the 93, 94 level trading at 87.54 right now. A down dollar 17, the continuous contract and lower lows and lower highs in the weekly chart. And what I've been saying is some of these really big moves to the upside that suddenly fail in like a leg A or a leg B where the A is just like one bar and it's really like a single move up. We've seen this happen many times in many of the chart patterns that we look at and the pullback can be extremely severe. So if crude oil holds and like the tonic period moving average in the 86 area to the 87.62 right now, that's going to suggest that if there is another rally going into this coming Monday, if over the weekend, you know, whatever the news is, it turns out to be positive for crude oil to rally not maybe not positive for the general market. That says that if there is a move by an index over the whole of next week, give it a week, we have why it corrects them this little bit of a pullback and it goes over 90, let's call it 94. 93.64 was the high in the continuous contract three days ago and this inside track repellent zone. Remember I want you to talk about that. I spoke about it yesterday. I'm talking about it again today. Look how successful drawing in just simple trend lines is narrow channel at the bottom declining and this or in the context of a down, big, bigger down channel you've got the outer borders with that little template inside track propellent zone, inside track repellent zone and we've got other moving averages. So we've got trend lines that are all suggesting that if there is a close any date between now and Friday above the 94, especially 95 level, all of a sudden the trend has changed for crude oil because on the stock weekly for the shorter term charges it could still go to a C and a D. So I'm watching closely because any close below 80 courses, ha, ha, crude oil is a job. I'll be back for the moment, it does up 128. As I said, we've got a lot of stuff to look at. Well, of course, we also need to look at the TLT. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. 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Looking at the TLT down another seven cents at 99.79 under par is amazing. We're talking about something that made 179.70 in March of 2020. Yeah, we are two and a half years later and it's down to 99.81. Two and a half years before that high, you can go back and well, it was not quite two and a half years, it was down at 111.90 and that was November, yeah, November of 2018, 111.90 screamed up to 179.70 and low and behold, I never did the left side right side price time match. We've taken out that 111.90 twice now, once at the 102 level back in June before it rallied for two months and then it just turned down and now it's hitting this monthly inside track support level. If it closes on a monthly basis, if it goes under, that's one thing, but if it closes under say 97.50 in October, whoo, that's not a good sign at all. All right, so we're looking at the inverse, which is the TBT and the TBT at this particular point, I've got it as an alternate count F slash B with a little dojo candle formed yesterday and today it's a red candle. Most importantly, the MACD is good. This is the data, the 90 is way above the 14. The stochastics at 88%, I can't say flat because it hasn't even moved sideways because it got this so quickly, but so far 88 is good and the on balance volume did pull back a tad having become a little bit overbought. In the weekly chart, I've got a G slash C in this cup formation and more importantly, it is in the leg D in the outer short limit 20 and T bond ETF. So it's the inverse and this has gone to a leg D to the upside after heating 14.28 in August of 2020. So within that context is that a spectacular move and all the technicals in the monthly chart are extremely positive. And here we do have a flat stochastic at 91% in the weekly chart. So all I can say is that prices, the architecture of the trend, if there is a push today or by Friday's close, if there is a close above the high that was made a few days ago at, what was that? 33.97 and we're at 33.42, that is not very far away. If there is a close above that, that's just suggesting that yields are just unyielding. If you look at the TNX, so the question came up, could you look at the 10 year? Let me just do this right now. Yeah, the 10 year, is there a correlation that you can see between the longer one, the 30 year? And so what I am looking at you in the TBT is basically 20 years or more. This is only 10. This has gone a little bit further. It is very close to the high that was made, the TNX in the continuous contract 39.92 was 127th and today's 78. It's just gone, whoa, let me do this again. 39.92, today's high is 39.78. It's an eye blink away from either being repelled to the double top or breaking sharply above or just immediately starting a pullback. We'll see what happens here because if this is a G, one pin in the weekly chart going one penny above says you've got to consider that that is a new leg up. And the only way I can count it and whoo, the only way I can count it in this particular point is to say that could be a leg B. That means the TNX, this is the 10 year T note at 39.49, we got to watch this closely because that's a new count. That would say that's probably a leg B to the upside and a leg D in the monthly chart. So all put it together. It just says so far the chart and that the Fed feels that it has of pushing rates higher to slow down the economy and that's still in place. And we'll see if that's re reaffirm the soft new and the market just does not like it, drops very sharply or is this just enough a wiggle room to say, you know what, there could be a little bit of an hiatus right here. I don't know what would create the hiatus if there was a PPI. Maybe it's tomorrow's CPI report. We'll see. Or Friday is a Friday, Friday's CPI room. All right, well in the meantime, back at the ranch what we were looking at, we've just made an H pattern in the one minute chart still stuck within this range and watching it very closely. Now, okay, here we go. Deer, catapult, catapult that we did. Deer is a little bit different. It has had a very nice and any peak B, peak A, B, it sees at a leg C right now. Could make a peak B if it doesn't go above yesterday's high. It's down 4.28 to 359. It is not bad when you're looking at, now I can get rid of this oval pattern because it did everything that we were looking for. Let me see if I can get rid of it. Yep, there it goes. And now what we're looking at is that basically if you're looking at Deer and Company tractors farm equipment, I'm going to do something here that is a little bit different to what you normally see. I'm putting in the monthly chart. I'm putting in a big oval. I had a small one and that one worked out for the pattern that we were looking for and now I'm putting in the big one. Is this a major top? Or is it going to be a leg D above the high sometime in 2022, very early 23 above the 446.76 high of April? Big question. My eye says there's a greater chance that it's going to retest the 330 level. It's a 359 right now. I should say 354 is the 200 period moving average. And if it takes it out then somewhere in the gap of 348 would be the next support level. So that's how I did that. Oh, I'm not sure why we want to look at this but IBM just was on a list that some people said one of the stocks you had spoken about IBM earlier on in the year that was holding quite well. Why was it doing that? And it's now much more in the information and cloud enterprise software. When you look at it compared to CRM. I'm looking at the sales force making a low, low today. Unbelievable. It's gone from 311, 25. This was a leader in the cloud computing space to 140 right now. I'm more than a 50% decline. So IBM in that context, I'm still very impressed that it's holding. I've got nothing to do with long, short, nothing like that. I'm just saying I'm impressed that it's holding better than some of the others. Look at crowd. Some people said two days ago I was asked whether I'd look at the cybersecurity stocks. I didn't do that yesterday over the weekend. So yes, the crowd strike holding cybersecurity, 298 was the November high. It plunged down to the 130 level and it's rebounded and now it's turned around from the 181 to 150 right now. Look at this art formation from a peak D. You remember how important is peak D? Look at this peak D in the weekly. Look at the lower peak D. I never liked to see a peak D under the previous high. That's usually a bad sign. And look at this. How important is in the Chapman wave methodology? How important is the peak D? What about that? 179.70 was the peak D high in the bonds, in the TLT and a little bit of a pullback from 179 down to a 99. So it is important if you're looking at hack. That's hack. That comes hack. Hack is all and a low, a low today under the cybersecurity. And I did a phantom peak to get it to a peak D in the long chart on cybersecurity. Is bug the same thing? Bug, yeah. Bugs also made a peak D and pulling back sharply. Well, I'll be back down to 99. S&P is unchanged. Council Chairman, take your positions out. One more segment to go. Couple of stocks that we need to look at. Are you grinding in the market? But seeing little to no return? Or are you a successful trader simply looking to make your job a little easier? Learn to take the path of least resistance with David White's powerful trading newsletter. David White is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades. 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Why is our right assistive supply chain transportation, fleet management solutions, 93.05 was the high in this year, 2022. It was way down in the 20s at some point, back in 2020. Why is the holding so well? Look at this chap, we've inside track in the weekly chart. It's right there. It's almost like the VIX index. And look at this, a peak B and holding very nicely in the daily chart. Is it because these discussions I see in the den, carrying rail unions turned down agreement haven't till November the 19th? Hey, maybe they're looking at that. And this is a way of some kind of a form of transportation. I don't know, but I think now I'm starting to see for subscribers areas that I'm looking at that are suggesting we could start more, I can't even call them into media term, long positions, but we could start positions that seem to have a little bit of independence from the general market. It doesn't have to be these, but I'm just saying there are enough stocks I'm seeing that say, you don't just have to be totally negative about everything because there are some signs of strength. And all you do is you put in your stops and you say, okay, do what you got to do. So I needed to get that out. Just a real quick question about the UVX, why I don't think I can do it on the, on the, let me just type it in here. UVXY, UVXY. I'll do that quickly on the 120 minute chart. Oh, I'm gonna run out of time. I want to run out of time because I'm gonna get it right now. And so it's not the 60 minute that you asked me about, but it is the 120 minute chart. And I looked at this yesterday, but during the day and then I forgot. Peak A, peak B, peak C, and now it's just made a D. So this is really important. This is the VIX index, the pro shares, ultra VIX. Just make it as simple as possible. If after 2.30 this afternoon, instead of skyrocketing, the VIX index actually starts to pull back and is able to go from 33.73 right now into the low 32s or lower. That's gonna really help the market rally. This is a very important moment. Have a great.