 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 Internationally at 727-445-1044 Now Basil Chapman Hi folks we're back here we are this is the Tiger Technician Hour Monday Monday the 14th of October middle of the month and we're looking at the Dow off the spectacular move on Friday not a spectacular close but a spectacular intraday move really going up about a thousand points in 10 days it's done that before and then it's given back a chunk but I'm looking at this and saying because of my Dow Quartet index indexing quotes you can never have an index on four stocks that is Caterpillar G Caterpillar IBM triple M and UTX holding so well on Friday doing nicely and holding well today I'm kind of I like what I see now I have an expression I've made a little slight modification here through a spelling error so instead of saying the rectangle formation can last a lot longer than your patience I'm going to say the rectangle formation can linger a lot longer than your patience look there we are stuck in a trading band since right there since 956 at 2964 the E-mini SB E-mini runs up to 2972 area and then it just stuck in that range ever since then right in the middle of it right now 2969 and there it is peak D in the peak E in the in the 10-minute chart MACD is turning down but the technicals are still holding very well and the stochastic is only at 73% and yet the price is holding so if there is a close at any any on any 10-minute bar below 2962 between now and two o'clock expects a weakness into the close and it's down to $75 right now and if there's a pushing to 2974 area he says hey this is just holding steady as a rock that's good action all right so those are the parameters to watch let's get back to the nitty gritties in the Dow of course I mentioned Dow index just now that is let me just show you this look Caterpillar right now Caterpillar is down 60 cents at a very strong move Friday it's holding nice C inside bar so far down 60 cents at 12780 hit the 200 period moving average on Friday that line at 12928 and pull back but as long as it's holding in this 12780 area that's like a magnet to try to get to 129 again if you look at IBM not as good it's down $1 60 140 160 made a peak D but holding in a kind of a sideways range sideways range you can see even better here in the weekly chart even in the monthly chart but look at this triple M up 1 2.74 right now $1 60.84 that weekly chart of just being smashed of the 2220 high back in April just plummets down to last week's low the 150 area now it's at 160 and this is a very nice move today leg A Magdy's trying to cross bars of stochastic okay at 20% a lot of work needs to be done but it has taken out a downtrend line how do you do that you just go to the last major high you grab it you hit as many uh upper levels it could be wicks it could be the candles as many as possible just drag it down you can see we're about a point and a half above maybe a little more maybe almost yeah about a point and a half above the trend line resistance and this is an expanding cone formation so this will be very good if there's a close near the 50 period moving average of 160 163 163 73 is the number let's see we can go a little above it 163 anytime this week would be very good action and then you've got united technologies so we've been long at different times uh triple M and I'm sorry caterpillar and we've been long UTX let's see how this one works out it's it's pushing the chaplain wave inside track repellent zone if these four stocks three out of the four can move nicely higher that's going to be a good support to the to the down over the week now let's get to the other nitty gritties we go back to the down itself the down itself is closed as right now 20 up 24 at 28 and 684 26840 I should say this this inside chaplain wave inside track repellent zone starting at 26,910 to about 27,042 suggests that you need to clear right into the 27,090s to say ha now be free of that resistance that all becomes a whole 26,900 to 800 it becomes a cushion of support trampoline support hopefully and that monthly chart look at that monthly chart it's really improving and it wasn't looking that way at 25,743 that previous through the week from the thursday at that low it was looking very poor look at that the weekly chart was looking very very poor it was testing key trend line support let's go to the s and p same thing here so the dow if we can get into the 27,090 area that's very good action but it has pretty good support all the way to the 26,650 26,600 area support down the s and p at minus 133 at 2968 95 yes you've got the whole gap with the gap lows down the 2946 area we some 20 points above that so that's really good cushion but I would say it's really the resistance that we have to be looking at above 2982 in the next two days would be very good if we can't do that it's going to take a little more time before it can build up that upside pressure the qqq which is the nx 100 up 06 nice nice percentage gain but only up 0.12 in the actual price is 191.23 the reason why I say it's nine percentage gain is that after spectacular gap up moving only went fractionally underneath the low of Friday which was the open was 190.80 the actual low was 190.72 and today's low is just a tad under at 190.65 let me drag this across you to say the rectangle formations are very wide rectangle if you're looking at it in the daily chart but it's holding in that rectangle holding nicely let's see what the SMH's are doing because they acted very well on Friday they made a nominal new high it's unbelievable you can go from 120.71 in April as an all-time high then to 123.13 uh two and a half points above to go to the July high then it pulls back again and then it goes to 123.88 fractionally higher in this move uh right in this look at this chap we've inside tracked repellent zone just a remarkable technical tool that just tells you it gives you a real good clues to say hey breaking above that is important but until it does that be careful because that's that's like a an umbrella of resistance all right so um holding nicely now the IWM is trading down 20 at 150.03 it's been the lag it all the way through and it remains the lag it now let's just go to gold gold gold was up seven points yep up seven at 14.95 but look it's been stuck in this rectangle formation let me squeeze this a little bit squeeze squeeze squeeze there you are you see that rectangle that I showed that it could go above it could go below but it keeps wanting to come back into the 1500 area trading right now at 14.95 until it takes out 14.65 it's stuck in this range on the downside that'll be 14.65 or lower and on the upside 15.23 and then gold takes out takes the upside I'll be right back I'll just have to take admissions hour be right back if you're not currently using the TAS profile scanner when looking at setting up your 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to our story our story says that the gold has held very nicely and so is the dollar I'm also showing the vixx because of the den it was mentioned I'm more and more kind of a joke it was mentioned the end of the vixx as we know it and I said wow I wonder how many times I've heard about the end of the vixx not until they ban human nature it is here forever as long as we get a little nervous and we get a little we get a little kind of sanguine those two barometers of emotion will always be there so 14.97 right now for the vixx coming down you'd expect that the Dow would be quite a bit high and the S&P but after such a spectacular day on Friday you always expect some kind of a give back now this is going to be very important you see the way the dollar is holding here now I'm spoken about this for some time I'll just reiterate it here there are three things that are really important as far as I'm concerned in this whole phase that we're in one is that the dollar represents the financial U.S. currency financial aspect as a measure of confidence just think of it very simply like the Holly Davidson icon around the world it just represents U.S. motorbikes I'm looking about the company what is hog trading at right now the hog is down at 35 well well off the low of 30 it was once in the 65 area it's just you know it's had a problem so I'm not talking about that I'm doing but it as an icon and if you look at the dollar it's just held very nicely yes it has it's gone to a sell mode in the daily I haven't yet got a sell signal on the weekly and the monthly is still in leg D but those days you remember the Chapman methodology we're always looking for D's what happens at a PD where can I kind of find this yes right here there it is we try to identify the lowest most obvious low bar in this case 9703 way back in August was the last one of the last ones and then ran up and you try to count each successively higher peak and you alphabetize them up a case on the way up and you can go seven higher peaks it's all the way to a G but it's the fourth highest peak ABC peak D's where other things can happen we're only looking for three patterns straight down straight up arch formation or arc formation or a cup formation maybe we'll stick with the three letters arc or cup and then you can get the combination but it's the same three things here's the combination of two straight down red line because it's the yellow are yeah so the red arch formation if it takes out the left side load means one thing if it takes out on the green side takes out the left side high it means something that's positive so it's real simple four peaks you start to check them out you can recycle to the upside but it's at that fourth highest peak that other things can happen let's move that away and let's see what happened here we went to a peak D in the dollar at nineteen nine forty six on the first of October we're in a leg B looks like a trough B the MACD is weak the stochastic is weak but this is a cell mode however the weekly chart has gone to a peak D and it's holding very nicely at the nine period green line and the fourteen period of the black line moving averages the MACD hasn't crossed negative in the stochastic is under 80% to 73% and you've got your leg D the previous peak D at 103.82 back in January of 2017 so a little bit of a slide maybe let's call it almost a 20 20 point slide to the February low of 88.25 in 2018 subscribers went long at 90.07 I think it was the 6th of April went long and remain long take it just tiny little bit off and I suspect that this represents the currency of importance that's all I'm saying and it's the dollar and if you look at the the gold and silver gold is a currency of fear and it's just holding because there's so many so many potential confrugations of things that could happen overseas that this gold is really being bought as a hedge silver's acting it's kind of following it's acting okay it's not great it's actually the chart in the dead he's often a little bit better than the gold but it doesn't the weekly charts don't match it's much weaker in the weekly chart and gold that's up 0.11 at 1765 is flattening out and the technicals but it's just it's it's just fluctuating within a range between 18 and 17 and it's just kind of stuck there for now now if you look at the EUR USD look at this the euro had a very nice rally off the low from a couple of weeks ago I should have typed that in it's it always gets smoothed out but we should have another price 1.08792 am I going to remember that 1.08792 I think that's right and now it's trading at 1.1027 so very nice rally but it's done it before and it fails the weekly chart isn't on a trough D the MACD is improving finally and the stochastic is trying to rally but basically fat it 22% until it can get to the 1.112 ish area I think this is just kind of stuck for now but if the dollar starts to pull I think the dollar's in for a little bit of a breather here it's at a fantastic run so watch the euro and the USDJPY fails to move with the dollar it's doing something a little differently it's actually showing a little more strength than the dollar dollars being weak and the yen USDJPY at 108.40 minus 0.019 is this a brand new leg A or is it a follow through E so I usually just put them both in E slash A E says be careful because you can pull back if you get repelled by the 200 period moving average at 108.76 and A says wow that's fantastic all you need now is to go to 109.20 and that would be like a new leg B and that would be very positive and that would help leg B in the weekly chart for the yen so all right let's get to the other new gritties you've got high grade copper high grade copper is right now up a little bit yep up 0.04 no 0.01 at 2.629 yeah it's holding it's trying to rally come off the bottom but it's at the lower end of the range I'm going to do something a little differently now let's look at the TLT in relation to the patterns so I spoke about patterns what I'd be always looking for cup formations and arch formations look at these arch formations little mini cup gave you a double top pattern at the 148.90 level August the 28th plunges down to the I say plunges should have said just sharply low at 136.54 13th of September rally strong to the 148 level just a week and a half ago and now it's trading at 141.27 so we're going to be watching this very closely to see what happens because there's that H pattern in the weekly chart and it's suggesting I'm not going to say suggest strongly in the daily but the weekly chart is suggesting the bank is turn negative the stochastic is down at 69 percent the pattern of the arch formation lowercase H is very relevant here we've only just begun the first couple of hours of a new week let's look at it Wednesday but if the TLT for any reason is trading under 139.50 is at 141.26 right now that's going to suggest that T bonds are going to pull back a little bit more and yields are going to go higher we'll look as we go to the break we've got TNX look it's the inversion and it's kind of taking out the left side high so we'll watch this because it does look like yields are feels actually running quite nice I'll be right back since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion well originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel it anytime during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com the path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted don't miss out on this great chance to get a 30 day free trial to David's daily newsletter the path of least resistance with no obligation to pay anything David has been delivering solid 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weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting TFNN.com 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 everyone so I was asked if I could look at hack and cyber so hack is the ETF prime cyber security you know this is this is a generic for the cyber area security stocks this is I must say it's a little weird right in this the heart of cyber security awareness I've been kind of shocked that the the ETF hack trading at 37, 77 up 25 cents right now having made it all time high I've got this as a peak B I can't have it as anything else right now ABC I could have it as a when it's a D slash B all right let me just do that just to be as thorough as I can because I have a lot of people use the Chapman way methodology I like to be as clear as possible so that would be a recycle and then we get new peak A peak B peak C and this would be a D slash B the reason why I thought that it should hold and go higher the high was just at about 42 and I pulled back to the 36 area now I'm looking at it and it's trying to rally but I'm kind of disappointed and I'm a little mystified that the security stocks I think it's just that they ran up so much that they're digesting the gains even now in this rotational market I would have expected that the cyber area would just hold like a rock because after all that's so important but it's pulled back I mean look six points is not a big deal on a 42 dollar stake stock but it had gone from 40 down to 31 which is a lot more into the December low so this to me is a little bit of a surprise and we are well not in it at some point I'd like to get into it I think we just have to hold off I think the sideways action in the weekly chart says it needs time it doesn't necessarily need much more in price so I hope I'm being clear by saying hack needs time you know that in my newsletter we follow these things really closely and cyber here we're going to type that in cyber it's the same thing cyber we're real long we're not long anymore and it's trading in the lowercase h that goes to a lowercase information it was a leader Israeli network security software company CYBR trading 102.90 so all I can say is have patience it looks to me like it needs a little more time not all that much in price well six points is a lot for 102 dollar stock but not that much when you think that it wasn't 148 so give it time I just don't think it's quite ready yet I think we will have a opportunity but I do believe that in this pqf you need to see a decent consolidation as a hat trick top is unfolded probably you need another month or so before it really starts to tackle the upper level of the 140s sorry 130s and that's just the way we're looking at it now we've got Scott and safety harbors Scott how are you back out of x again and looking for your guidance obviously I mean I made a huge profits last week on the on the volatility it was just too easy it would go up to 12 pull back to 1150 back and then it hit 10 05 I'm like you this is a gift from above good I was one of my largest trades I've ever made a 45000 shares it was I couldn't couldn't resist it started getting in at 1030 and bought it all the way down to 10 so where would you say I go from here I'm completely out right now okay that was my question where are you right now is the fact that it's you know u.s. steel u.s. u.s. steel it's trading the symbol is x trading $11.29 down five cents had an absolutely fabulous movie just dipped under 10 the other day went to 993 let me just type that in so I've got that on the record 993 and let's face it on a percentage basis to go from 993 to just over $11.50 that is a big percentage move however what I am impressed with is it's at a g slash c in the weekly chart and you're a little doji candle forming in the monthly and I'm wondering are we finally beginning to see your steel not necessarily turn the corner as a profit making company at this particular point but as it turned the tide in terms of being oversold and now trying to form a base before any the bad news or good news unfolds and that says to me today's action so far nice green candle that's the middle of why is it green if it's down below if it's down 0.05 that's interesting oh because it opened it opened and now it's green for the day okay what I am looking at here is I think Scott you're absolutely correct keep this on your radio remember we said that once it was starting to form a base in that 10 area it looked like it was a perfect for you because it was a stock in play for the moment I'm still going to suggest to you that you're in you take your gains and you're out there's going to be a moment here where it pulls back and either it suddenly takes out that 10 level because of news on on China whatever it is but I'm just telling you this that if it starts to rally and at any point in October it starts to close above 12 close that is above $12 and 15 cents I think it started to form a really good base in the 10 1050 to to 10 1025 area so keep it on your list exactly it's 1050 on the base yeah right so I what I'm thinking here is that if by any chance there's an up move tomorrow in the market if u.s. steel is able to garner some strength and it closes for leg b that is if it doesn't go above today it doesn't go above 1152 but tomorrow goes above 1152 I this is the first time that I'm looking at and saying the weekly chart is going to be so important on Friday is this is this a low of $9.93 that's going to hold at least not for maybe a day but this time for quite a few weeks maybe even two months or is it just another one of those base testing things because the magazine the weekly chart is rallied and the price hasn't followed suit but the stochastic is trying to form a base in the 17 percent area so if it suddenly goes to 22 percent or 23 percent and u.s. steel is trading up at 1155 that'll be the first time I'm seeing signs that you might for the first time get a really nice move that sustained I just think in this environment I would still do what you're doing I'd go in and I'd go out even if like we had said once before if you want to start holding a tiny position it's just your core position for three four five months time you still do have to have at least a 10% risk so I think this is still the time right now just to go in and out there's going to be a time when it makes higher highs and higher lows we're absolutely that's where you can have maybe one position you're just holding you couldn't care what happens because your target is up in the 14s but the short term trading is what you look for so congratulations that was really nice let's see if it can hold the 11 26 11 24 area today that'll be a good sign I you know tomorrow's outlook for me is I think I just think the market is tired right now I think tomorrow is going to be uneventful because I honestly just think people are tired and I also think that a lot of the bigger traders may be just taking some sort of break from a little breather a lot of money coming in right now today I don't disagree with you hey congratulations Scott keep it up that sounds great thank you thank you for calling we'll be right back down to 29 if you are in the cd market and looking for a secure investment the tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in st. 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direction investments dot com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at eight six six four seven six seven five two three the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv for the latest market information so let's do a couple of things this is the beginning of the week scotch in uh florida catcall we've gone through united states steel we've so we've gone through though we've gone through all the different indices question ruby had i'm pleased she did this because i was just going to say let's look at some of the other things so kc is coffee we're typed into the den no type onto your chart kc spillover onto your chart there it is so kc is having a little bit of a rally today made at pd remember the chapter we've always looking for that fourth highest peak that's where other things can happen there it is there's your pd right there on the 16th of september and this is a continuous contract 104.95 put a down arrow in and you've got trough a no trough a trough b trough cd just type it in have we got a trough d and yep i think we do a b c d so the reason why you see this candle here a little upside down chapter wave roman candle is because the mag d is still very weak it's the expanse between the red and the green line the fast moving average and slow moving average is very big on balance volume did turn up and the stochastic is just at eight percent so it's gone from like six percent to eight percent it's struggling to turn and the weight of the weekly chart that arch formation that has come down for a lower low close uh yes a close below the left side low the monthly chart is still very poor says that coffee they're still it's almost like crud all it looks like there's a glut of coffee right now and because the stochastic is down at 18 16 percent no it is 18 percent in the weekly chart and the mag d is held pretty nicely with a with a w formation deflecting lower but so far you haven't had that lovely turn that we get with the real w formations with the mag d running sharply as the price tries to get back to at least 97 94 the pink nine period exponential moving average in the weekly and right now it's at 94 60 so really i'm going to say this i know that you you you do not mind attempting a low when you've got all the little ducks in order and says there's a better risk reward right now i'm thinking that there is a good risk reward for a a little bit of a bounce but i don't see anything um i don't see it as a sustained move if at 94 60 by the end of the day if it's able to close above 94 84 i say hey that's much better because if there's a follow through tomorrow 96 20 will be the pink nine period moving average but if there's any weakness from now until the clothes that is coffees clothes futures clothes coming up i'm just going to say to you you just need a little more time i like the fact that there was a long leg of doji yesterday on friday that candle says pushing above closing let me make it real clear in the techniques that i use in the candlestick formations that i use the clothes above friday's high of 94 35 and so far it seems to be doing that will be your first sign the second sign is the stochastic really has to go above it's at 8 percent i 12 15 it has to get there quickly otherwise it's just stuck so don't get carried away but if you are looking for a trade let me go to the 120 minute chart yes if you're looking for a trade at 94 60 if you get in at all by denounce 10 minutes to one or close 10 minutes to one eastern time by 10 minutes no 10 minutes past two if it's able to get to 94 84 it's at 94 75 right now forget to the 84 level that 120 minute chart will give you a little bit of a clue to say now there's a little bit of buying strength so that's the only way i do it but if you are getting in just a small position that's the only way i would do it i don't see anything yet that says wow this is going to be a v-shaped recovery because the stochastic is just taking too long to move over 12 percent so this is the way i'm looking at it right now we're looking at it again tomorrow but be careful i would this is the one that i would add to if it rallies strongly into the close um are you already in okay then what i'm going to say do you have a little trading stop but now it's already 94 94 80 as we talking oh this is what i want to see i think for 75 well it moves in five cent increments sorry i think that's what it moves in so i i've never traded this i'm just looking at it so i am looking at it saying 94 85 is what i want to see on a closing basis at least for two 10 minute bars and then i think this should go higher so you're in it just have a tight stop this is your entry point is the perfect risk reward on a on a short term basis looking out i think it's needs quite a bit more work before i can say that coffee's made it slow it's going to be trading much higher so it's just a short term trade initially next question i got oh Brent in martinis california Brent we haven't been to martinis california for a little while how are you i'm doing quite well basil how about you i'm good thank you i was calling about uh nordic american tankers i know we've talked many times in the past about the stock and um just wanted to bring it up just often we talk about you know stocks that are kind of under the radar more on the periphery and so this one is one i've been in for not too long now and got in around two and i've already i'm i'm freeing the trade at this point so i'm just going to let the other one kind of go and have a stop in place but just want to bring it to your attention so folks we're looking at nats nat at four dollars and thirty three cents today alone it's a twenty cents uh four point nine six percent so this is a very interesting company there was this guy uh this is nordic uh nordic american tankers maybe ten years ago or something i remember him being interviewed by kramer and he said we we we raised our dividend for the past 40 something years um every single quarter and this is a fantastic company we're putting a lot of money in and when was it let me just go back uh let's see yeah and oh it was way back it was in 2005 and it was just spectacular look at this monthly chart it goes from the 10 area has a little bit of a rally it goes to 55 and the guy is just saying this is we're doing everything we can we we we give the dividends it's a fantastic this is the ceo fantastic company and then the thing goes from 55 has a little bit of a decline and it declines down to the low that was made just before our friend here brent in martini's california started looking at it it goes down to one dollar and 82 cents i'd say 55 dollars to one dollar and 82 cents is a little bit of a hit and now it's trading at four dollars and 32 cents it has done this before a very strong move it had to move from the fives up to the 14s back in 2015 14 15 and then it just gave it all back plus so this is what i'm going to say first of all absolutely congratulations i know that you keep these things on your radar you have a way of looking at them you also have a really good way of timing and there's no question about it getting in at around about two seeing it now at 432 and you've got over 100 profits that you've taken your money off the table you've kept the rest and now you're playing with the with the the with the maker's money and now what we're looking at is where would the support be so the fact that nordic nordic american tankers is doing so well is telling us about the shipping that's out there and i think that this is a very important ingredient so i just i want you to look at the single leg a up in the weekly chart and just to give you if you've got a moment and i'll give you some parameters that i'd be looking at as support because the technicals are really strong they're holding very nicely have you got a moment i do basil okay we'll put back with brent in a moment and we're looking at the down of 26 sbs down two and i'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time 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Hi folks we're back and just before I had forgotten about it we're back with brain but I just wanted to say that for kc I forgot really actually asked what are the target upside targets I spoke about the first one but actually the first upside target would be 96 24 the pink nine period moving average and if we can hold their steady for at least one day 97 19 is the black 14 period exponential moving average I think that's getting a little aggressive at this point so let's go back to Nordic there we go Nordic American tankers trading at 4.31 so I was struggling to myself during the break because I was looking at the nine period moving average which is at 3.51 and the 14 period moving average support at 3.18 and I'm saying okay Brent that would be the support level and then Brent turns around says to himself what is he talking about that's a 30 decline and I'm saying to myself no wait a minute it's gone from the dollar 50 or two even two dollar area to the four today's high of 447 normally that would just be a reasonable pullback so Brent there are three things that I wanted to talk to you about one is I've only got this in a leg C right now I think it's going to go a little bit high maybe into the 453 area and then it probably could digest the perfect scenario would be it digests and it takes time and all it does is goes to maybe 385 370 whole steady and actually then either goes sideways for a little bit longer or actually makes a new recovery high that's the scenario one scenario two is the single leg A up says there's something going on yet it's an aberration is more news driven than fact driven and then if there is a pullback in the next two weeks and nat nat is trading underneath three dollars and 10 cents it could give back even more that I think is a less likely scenario but I just had to give it as that single leg A scenarios called the Eiffel Tower straight up straight down and then the third the third thing is that it has had a huge move the natural thing would be for it to take a breather of time and some price and that says that 351 is a possibility for some kind of a pullback so what you've done is perfect you've taken your your core off you're holding the the the gift that you've got and I would just say between expect that there'll be a test of the 402 to 392 level in the next couple of days congratulations thank you for calling branch all right thank you very much have a wonderful day you too thank you folks stay tuned you got Steve Rhodes you've got Dave White and