 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Hazel Chapman. Call now, toll free at 1-877-927-6648. Good morning, everyone. On this Friday, the 27th of October, I wasn't sure I was going to make it. I had the flu shot on Wednesday, and I felt great yesterday. They played tennis, did very nicely. And then last night, it suddenly started to shiver. And I wasn't feeling so great, but I got everything out. And I'm here. I like to show up. Dow's down 50 at 32,738 on this Friday, the 27th of October, wrapping up the month very close to that. The S&P, I want to show you a bunch of things here. The S&P is up 11. At 41-48, it was up much more, but it's holding pretty nicely. Suspect has got a little bit of Amazon in it, so that's helping. Looking at the QQQ and the NDX100 trading vehicle, it went under the Georgia period moving average. Now it's over the daily chart, but the weekly chart did go, and we've got to wait for Friday. We've got to wait for this four o'clock close, because that pink nine-period moving average in the weekly chart, you remember, I call this the instrumental, or at least the technical instrumental, last resort, because it really takes a while, but then when it finally turns, you have to monitor it real closely, because if it stays that way, you can stay that way for quite a while. But in the meantime, back in the ranch, it held key support. In the weekly chart, the nine, as I say, just as we speak, has gone pink. The MACDs weak. Socastics at 26%. That's weak. On-balance volumes pulled back from the high. So this is just a saying. This is what I said to subscribers. Remember last Friday what I was saying is, if we get a really ugly Friday and then Sunday night, instead of trying to rally, there is a sharp move to downside. That's followed through really badly on Monday. Then we could make a really good tradeable low. But you'd also have to see the VIX index really get into the 20s. None of that happened. So that's stored. Today is the same thing. If today, the down by the end of the day is down 285 points or more, the S&P has gone from plus eight right now to maybe minus 38. And the VIX index closes the week. It's down. It's down so many cents in 1998. It did make a big deal. But do you remember the Chapman Wave methodology? This is the only instrument we look at that doesn't have the Chapman Wave notation apply. But what's really important is, I suspect, and now this just goes back with the decades that I've been doing this and the number of times I've been waiting for the real spiral to the upside and the volatility index to give us a really good low, which is what we've picked up many times before. But most importantly, this VIX at 20 is still just way too mild. So I'm suspecting that when we get any really, and I call it a tradeable low, it could be the low, it could be a low, but I mean, I'm doing about a couple of weeks of upside move. The VIX will probably have to go 23, 26, 28, and then maybe even touch 32. And then I think we're ready for some really good trading. So until that happens, we've been very careful. We've raised a lot of cash. We've got some positions. And we'll see what happens here. And we're still short from the exact high on August 1st from the Dow high. That was a nice reversal. Maybe I'll just show this to you right now. There we go. INDU at 35,679. That day we went short right at the opening, opening of the session, and we remain short. And we've had other trading positions, but key is that we remain short. Look at this arch formation. Look at the beautiful arch formation. It's a beautiful symmetry. Look at this. From this low right here to the high, from this low of 32,846, I think it was October the 4th or so, to the high that was made in the last high that was made around about the 16th, 17th, you've got the number of bars, 1, 2, 3, 4, 5, 6, 7, 8. What do we do? 1, 2, 3, 4, 5, 6, 7. So it was one bar early, actually. One bar early. Not bad, huh? And I did it in my other charts. I didn't do it here, but I should have put in the inside wedge target support line. All right, we've taken that out. That means that within two sessions, because there's a daily chart, we need to see a close, and you can go through these sessions above 32,846. If it does that, it says, uh-oh, you're ready for further declines. If it saves the day, it says, you've got a balance, you can make a little h, and the h goes to a low-case m pattern. So I'm all about these patterns. I talk about them all the time. And yeah, we've got the arch formation. This is the load that we were looking at right here. This is the dowel the load that was made the week of the 26th of May at $32,000. At $32,586, the load today is... We haven't taken that out yet. $32,667, 100 points higher. We're very close, but we've done the arch formation. Remember, we were talking about archers and cups and straight lines. All right, so now I don't want to take too much time, because what I am saying is my suspicion is that until we get the kind of sell-off where you just... Yeah, they took it, it's not a great expression, but they always talk about you want to throw up, you feel so depressed. And so you used to say, oh, is there nothing here that holds this, nothing sacred anymore because they're not holding left-side support when you want to just give everything up. That's when the volatility index screams higher. And that's the time period that you can start to see some kind of a really decent tradeable load. All right, with that said, let me just run this really quickly. SBX, there we go. The S&P has gone to a leg C in the weekly chart, with a nine-period moving average. And that just says, let's be careful because the whole area of 4100, that's where there was a lot of... between 4100 and 40... let's even call it 4150. There was a lot of action there, and that should be some kind of support from April. Monthly chart was doing so well. It was getting so close to the 4818, high that was made back in January. It was January, wasn't it? Yeah, January of 2022, and we went all the way up to the most recent hour, 4600, and now we're pulling back. It's a pity everything was looking so good on a monthly chart, but now the monthly chart has gone underneath the year, 40-period moving average, but the nine is still positive. That's the most important thing. Let me just do this real quickly. Q, Q, Q. The Qs are up 371, and 347, a couple of tech stocks are really helping, and that's important. So now we're above the 200-period moving average, but I'm watching this lower lows and lower highs. Just making it as simple as possible. When that changes, I'll change it. In the meantime, we could go into a rectangle formation, but it is... it's kind of stalling, right? IWM, same thing, IWM is the Russell 2000. Just looks horrible. This big rectangle that we were looking at, that goes back, let me show you this weekly chart. It goes right down. It goes back to June of 2022, to a high of 199 area, 200 area, and it's just been trapped. Now it's going very decisively to the lower part of the trend line of 162, which has hit 162.78 in June 2022, 162.50, back in I think it was October of last year, and here we are one more time. Maybe I'll do a left side right side price timer to see what you can do. I'll be back down, only down 25 S&P's of 12. A little bit of buying coming in. Good. Up to a good buy. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them, using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options Report today with a 30-day money-back guarantee so you have nothing to risk. 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If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, Educating Investors. Available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Toll Free at 1-877-927-6648 Internationally at 727-873-7618 I must do this. First of all, the IWM, the weekly chart, it's three weeks late going to the left side right for your measured move. What happens in that case very often is that it goes underneath IWM, let's see, IWM. It goes underneath and then comes back and retests. So this 163 level, my suspicion is that we're going to go to maybe 161-159 and then have a pretty decent balance to try to get back in. That's with this particular pattern. I've got left side, right side price, time match of the week of the 9th of February and $199.26. So a question came in, actually it was yesterday and I completely forgot about it, reminding me again today. What is this with the peak 1, peak 2, or peak 3 even, or peak 4? What does it mean? So over the years what I found, especially when you're dealing with the futures, but it can be anywhere, is that sometimes, you know, in the chapter where you expect that if you go to a buy signal that's upgraded to a buy mode, meaning the technicals are strong enough and now should go not just to peak A than a B, but it can even go to a C and then your target becomes a D, the fourth highest peak. If it fails, it could fail sometimes by a penny, but all the technicals were strong enough to say, wow, it only failed because it failed because everything else said it should have hit that number. I call that a peak C1, C2, and when I say I'm trading with something like that, I will get out of some of the position right there because I'm anticipating that maybe it's not going to go to a D. I don't want to be sitting at a C saying, oh, it's got to go to a D and watch it go all the way down. I am prepared for that. Not only that, look at this. This is the 200 period exponential moving average. Look how important that is. It's been resistance all the way. A, peak B, CDEF right there, then peak A, B, C, C1, C2, C3, same sort of thing. Then the peak A, B, CDEF over the 200 period moving average and then left side, right side, beautiful price-time match goes to that and again takes it out from the 200 period moving average. Then it goes even lower to the 41, 59-ish area. Rallys and there's your peak A, peak B, C, this is the E-mini I'm talking about, one minute chart, goes to peak C, then a quarter cent low and then it retests that previous high and then it starts to fail after the 200 period moving average. So what is it? Peak C1, C2 is a phantom or a fake peak D. And I'm not embarrassed to call it a fake peak D because I just want to learn how to get these things right every time I can and as much as possible to be trading the right side. And that makes me ready. Look, when you get this turned down in the technicals right there, that says, oh, that's probably a C1, C2, and it's not going back there, but it didn't. Okay. So with that said, I've done that. Next thing I want you to do is over here. So a couple of questions that I needed to get to. So UVXY. So the other day I said, you know, I just knew I don't know what to do to give you parameters for the UVXY in terms of stuff, so anything like that. And look what happened. It just screamed somewhere over there and just rallied and I was wrong. I wasn't wrong in not giving you parameters when I wasn't sure, but I was wrong in saying that I didn't know if I was going to go up or down. I didn't know. So now we have to add a peak D in the volatility. This is UVXY. This is the approaches. There's ultra VIX short-term trading vehicle. This goes up with the VIX and down with the VIX. And the VIX is the volatility index. It's a measure of nervousness. And once again, I'm going to say to you, I'm anticipating that the VIX index is going to go higher. So when the question came in, it was, I'm looking at this as some kind of insurance policy. That's completely different. So I'm trying to think. I wish I don't have Kota or Piki is here. They had a stock that they used to own back when the market was volatile a couple of years ago and a volatile meaning going down. And I can't remember what the name of it was. It was like this. What was the name? It was kind of a bearish instrument. But it was more for the longer term. Now, some of these bearish instruments, they get calculated every day. So a bullish, if they two or three times long, this is different. So I can't remember if anybody, if you're there, maybe you'll send me a note about it. So all I'm saying is that I think it is going higher. And as I said, I think that the volatility index has been always said and done over the next. It could even be next week. If this rally just doesn't go anywhere, we could be, I've got a time and price. I've got a lot of things going on that I'm looking at. I don't like to talk about them because first of all, it's irrelevant in terms of your positions, your market positions. If you're not actually trading those things and the trading things that we have, like the short S of Hs, the short Dow, that's doing what we wanted. So I don't want to go out on a limb right now by talking about something that is kind of ephemeral. So I'm just going to say for the VIX index, and in this case you're talking about the UVXY, I would have a little bit in there. I wouldn't get too carried. It's really more an insurance policy. You can still see this going from 18 right now. If you go down to 15 and then out of the blue, it could be at 22. And that's the reason why you have it. So I would nibble right here, even though I don't know if today is exactly the day, but I would scale in on increments of one and a half points down. Little bit, little bit, little bit. And then that's it. You're done. And if you don't get it, I mean, it doesn't have a time limit. That's the best thing about it. So that's what I'm saying. But I wouldn't get carried away. It's just, as I say, part of an insurance policy. This question I had was you had mentioned for all this week, and even last week you were talking about the natural gas. Natural gas. Is this something in the natural gas that you like at this particular point? And what exactly, what do you need to see for it to actually start to become an implement of another energy source that's in demand? All right? So right now, natural gas is trading at 3.564, up 0.87. It had a really couple of good four-day sessions to the upside. More importantly, I'm going to go through the UNG, which is the instrument for my subscribers that we'd be looking at. So the UNG, which is the United States Natural Gas Fund, trading right now at 741. This is a very strong gray leg A. I should change this. It really does look gray. Gray leg A only because you made a peak D at 7.95. Oh, let me open this up so you can see what I'm talking about. See this beautiful cup formation? You see the way I've got the Chapman inside wedge target, repellent line, how it went right to the line. It went right to my plumb line that I used. Not, it wasn't below. I used a particular candle and made that the low and it went there 7.95. 808 I think was the high. 808 was the high of the 9th of August. That was our target. He missed the target. It went to a peak D and I don't like when a peak D is made underneath the previous high. I like to see a peak C go push right through their previous high and then go to a D. Something like a Chapman wave cup and ladle formation. This is more like a cup. It's not even like a cup and handle. This is like a pair of reading glasses. A half lens and you've got this cup formation here and another cup formation there. One on the left has done that a lot. But what I like is that the 9-period moving average is very close to turning up. Number one. Number two. The magpies are very close to turning up. The stochastic is rallying but it's not that strong. But it is rallying 20-period and the embattled running was up in the week in the daily chart. But that leads you to the weekly chart. I'll be back in a moment. We're actually doing a natural gas and I'll be right back. Guess this Chapman. I'll be back in a moment. Shell is down. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen as well as many more and he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence forex markets tremendously. 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I wanted to see the slope regression and then finally to see the nine period exponential moving average. Let me just go to my chart right here because it's a little difficult to see there. So we're looking at we're looking at UNG. Is that what I said? Yeah, UNG and we're looking at a weekly chart. Yes, the weekly chart meant long short long and when it does a very quick one bar in this case a weekly bar reversal like that you've got to be prepared that either you're looking at choppiness coming in because it's giving you a hint that you're going sideways. You can just chop, chop, chop, chop, chop or you've got you've got rid of the selling pressure and so quickly it went. This is a weekly chart. It went back to the buying pressure. So all I'm saying is that as I look at this we've been waiting and waiting. I've been talking about UNG forever. I see in my notes here that we had a UNG I think very briefly a year ago. A year ago as something that we were trying to get. I can't remember. I got a feeling that we had a little bit of a gain and then it pulled back and then it went out. So in this particular instance I like what I'm seeing in the dating and that leads me to the weekly and the weekly is still in the rectangle formation but for the first time I'm beginning to see a positive divergence. That's all I'm saying. If we can finally get to 768 maybe early next week, 808 will be the left side high that I would like to see. Let's go to we've got a ping ping ping and the ping ping ping says we have, we have, you have Larry on the line. Hi Larry, how are you? Hey Basil, how are you doing? Listen, I was listening to your show and I'm watching you in the market. I think there's a bottom in here and I was listening to your comments here. The only thing that I was going to ask you is it doesn't seem to me like there's much fear in the market. I mean it's going down very moderately. I mean there's no one scared or anything like that. Do you see anything out there that would really shake it up really badly? You know like maybe down to 300 points in the Dow today and the Dow somewhat Dow and Russell are just getting creamed and yet S&P and NASDAQ are holding up well. So this is you brought up some really interesting points. I mean I've talked about them over the weekend. What I've been saying is that the Dow finally had some really good earnings reports in the really horrible laggards. You're talking about triple M. There were RTX. They were just actually in the Dow. They wouldn't be RT but it would be Microsoft which had a really good rally. There are a whole bunch of stocks in the Dow. IBM just had it. So I'm beginning to see something in the Dow that says to me there's a rotation and now what you're seeing is some of the stocks that were some of the best are taking a breather. You saw that in the NASDAQ because some of the stocks that were really fantastic have been clobbered over the last week. So as I see it and we've been talking about this for some time is that I don't see the crash scenario. What I see is just a very determined drive you nuts lower highs and lower lows. There are three markers as far as I'm concerned. There's time, there's price or there's time and price. We haven't got time and price yet. We've got more time and basically I mean we've taken all this time but when you think about the semiconductor has made an all-time high fairly recently. We were fortunate to short two points off the all-time high and still remain in their position but most of the other indices have not. The Dow has gone back to its January high, the S&P hasn't gone back to the January high. So this is like a huge consolidation and it's a reconfiguration as I see it. So I'm not looking at this crash scenario. I don't see it. I see it as whittling away, improving in some areas and not improving in other areas. So the way I'm looking at it time-wise next week will be the test because if today like the Dow's down 116 which you've got the S&P up 5. If the Dow closed today really ugly and the S&P joined it then we could get some kind of a load with the volatility. The VIX index has to get into the high 20s as far as I'm concerned before we make a really decent load. So I kind of agree with you but it's a real mixed market and it's rotating through the different areas repairing some and taking down some that have had really good gains. Yeah that's what I was saying really. That's what I was checking in. I can't do the show today because my son-in-law is speaking at the University Medical Center here. He's a specialist in Parkinson's and Alzheimer's and I think he wants to use me as a kidney pig. You know I have to tell you. We're excited to listen to him speak. It's very real honor for him to do that. He's a really smart kid. Anyway listen I'll come to you soon and thanks again and take care. Thank you Larry. Great information to Basel. You're a champion. We appreciate it. Thank you. Thank you. So folks Larry just spoke about Parkinson's. I can't tell you how many people I know that have Parkinson's and they're not all old. They're in middle age. They could be older. It's just pervasive and cancer we have out of our closest 10 friends I think seven have some form of cancer. I mean I don't know what it is. Let's get back to our story that we're looking at. Yes I was talking about the U and G. So just to finish up this rectangle can last a lot longer than your patients. That's number one and number two I am seeing improvement but you're talking about an instrument that has been hammered from 35 and the continuous contract down to the fives. Something's wrong. I mean something is absolutely wrong but I'm looking at it and saying there's a chance that at this particular time I think this is a rally that might have legs but you won't know it until it really starts to trade in the eights and right now it's at 7.3. So I hope to answer that question about the U and G. Maybe I took a little bit too much time. The next thing I want to look at is let me just go through this here. So IBRX the question came in. I think we were looking at it yesterday. Have I done IBRX? Oh look at that. Wow. So it's gone to a leg C. It's trading at 232 up 28 cents up 13 percent. That's not a big deal. What is a big deal? It is 273. That's 40 cents high. So that must have been 33 percent. Whatever it is it was a fantastic game. Give it a little bit back and there's your leg C. So in the Dan Dan yes it's doing remember I spoke about the Chapman Wave inverted Roman candle I said right here if it can last for most of the next 35 minutes I said during my show and above 198 I think I said there's a really good chance that either today or tomorrow that was yesterday or today it would test and maybe even break the high of the left side which is 222 and remember I said I had a mailbox T22 and here it is. Very nice action but it is a biotech and biotechs can give back just as quickly as they give. So I hope you I'm sure you did. I'm sure you took some profits on the way up there. Fabulous action. Okay next question is let me just go through this again because I think it's really important. I made notes here on what look when you got WM this is a stock that I've spoken about for decades and I keep saying I want subscribers to have it I want subscribers to have it and we never get it because it does it has these quick moves and you don't know what to do and then it pulls back and a quick move and this is waste management trading up 29 sets at 163.11 It's in a peak C in the daily chart. The weekly chart had a very good spike and my question is why would waste management which is so sensitive to the economy be up here why would Sintas this is uniforms overalls rentals be so close to an all-time high that's what I mean when I say to layer some bifurcated market I'll be back. The gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai gold exchange. The gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African RAND as well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30-day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com Don't miss out on this opportunity to supercharge your trading results Market Insights comes with a 30-day money back guarantee for all new subscribers so you have nothing to risk. Don't miss out on this opportunity to revolutionize your market. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out, market insights provides the edge you need to navigate the markets with confidence Ready to join the ranks of successful traders? 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Don't miss out on this opportunity to supercharge your trading results Don't miss out on this opportunity to revolutionize your trading game Head over to TFNN.com right now to join thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand TFNN Educating Investors Biotech is booming but for how long whether you think the Biotech bull has room to run or has run its course trade LABU or LABD Biotech three times bull and bear ETFs Visit Direction Investments.com slash Biotech today An investor should consider the investment objectives, risks, charges, and expenses of the Direction Shares carefully before investing The Perspectus and Summary Perspectus contain this and other information about Direction Shares To obtain a Perspectus or Summary Perspectus please contact Direction Shares at 866-4767523 The Perspectus or Summary Perspectus should be read carefully before investing The 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 This program is brought to you by Vista Gold Traded on the NYSE American and TSX under the symbol VGZ I thought I'd take it like this technical fry This is where we do some of the stuff that I do throughout the Every single day just notating charts, grading them, just notating sometimes So this is the ten minute chart. Let's go to this load one o'clock this morning That was yesterday one o'clock yesterday with your four o'clock. Yeah And then you have this big spike and then you pull back and then you just held steady But look what happened. The nine cross positive You went to, you remember the Chapman way to try to identify the low slow bar Then really count each successively higher peak If you can get a bicycle that can go to an upgraded to a buy mode It should go to at least four peaks higher. That's peak A, peak B is higher Peak C is the highest. Remember floating let it becomes a peak Then D is the fourth highest peak. You can go higher but D is your objective So you go to peak A and then you pull back. Hold steady Technicals will start firming up and then it goes peak A, B, C, D This is the ten minute E-mini chart. Actually this is the ten minute Continuous contract which is at exactly the same price I've never seen this before. I had a problem at 8 30 this morning With the my E-mini December one. So I just jumped in this right away So I redid the notation. So here it goes So it's a brand new peak A, B, C, D pulls back Nine is holding beautifully. Look at this. If you were in over there You're still in goes to peak A, B And then it goes to peak C1. That was a C But there we made it a C2 because it was exactly the same high And then it even went to a C3 at exactly the same high Now I've found over the years that if it goes to a C2 and a C3 And even a C4, be prepared that you could have a sudden Push to the upside and that could still go to the D What it did then. Look it didn't take out the left side low So this is still an active peak C. Then it goes to a D Doji candle. I love doji candles at highs or lows Watching it closely and then it breaks down and goes to Pink. And it comes down and goes to peak A, B Minus in the arch formation. I drew this in a long time ago And my target was, if it was going to pull back You never know. You're just going to do your homework and then you'll see what happens 4166.25 by noon today And what do we got? We caught it to 11. We still got a lot of hours to go A lot of hours. A lot of 10-minute charts to go And we're at 10.51 right now. 50. Right? So that's what I did. And how did I do it? There's a beautiful arch formation. Look at that. That's like the bowl formation. Remember I was talking about Back in 2000 I think it was the XAU, the gold Golden silver, Philadelphia golden silver index Head, I think it was 44 or 45. It made this The gold it made this unbelievable upside down A bowl formation like a deep dish pizza Which I don't particularly like. I like the thin crust And then what happened is it broke out of a multi-year Base and it just went one-to-one to the upside from that sideways move So this is what I'm looking at for the potential to the downside If this breaks and it starts to trade Anytime after I'd say one-to-one thirty It doesn't have to. I'm just saying because right here it went right to the channel And we've inside wedge pink dash target support line So these are techniques that I use all the time And I'm also going to say send me a note I keep getting asked about doing another one of those all-day webinars Where I talk about all these patterns as they're going along We have no idea what's going to happen But we follow them and we have our dictionary Of all these different techniques And as they unfold we use them So if you're interested in that I'll have to consider it at some point It's just something I love doing But it takes quite a bit of work to be able to do that That would be an all-day. I'm talking about all these different patterns So this is the inside wedge, held the support, let's see what happens here And what I'm saying is the nine is still weak in the ten-minute chart But look we've got the on balance volume ready for a bit of a bounce That's the only technical tool that I use as oversold or overbought Right here it gave you the exact height, look at this, right there No I'm sorry it wasn't the exact height, it was one bar early It was one bar late, sorry But it can give you the exact turnaround That's one of the things that gave us the exact height August the first on the down So okay I thought I wanted to do some of these things just to show you Technical Friday, now we want to run through as many stocks as we can If I can ever get this A little mouse, okay there you are There we go, so what we're looking at here is I said I would do all these big sevens, there we go, Amazon Now let's go to Apple, Apple is trading down It's got the beautiful arch formation I thought I had notated this, I should have Look here's the plum line, what's the plum line? It's where you think you're going to go in an arch formation And take exactly the same number of bars on the left To get to that same level on the low On the right, so what do we do? There's your plum line, there's your bar This is the easy one, what's difficult is the technique that I've developed Where you've got to use a moving plum line Where do you find that, those are the techniques you want to learn This is easy, I mean visually look at this It didn't miss it, it got it by the exact day Number of bars up, number of bars down in an arch formation This goes green, green because you always want to show what's going up It's green, there it is And where's the chamois inside, wedge target, support line Yeah, this one would have been difficult, I would have had to fake it There wasn't a new high over there So I would have said if I take it from there, that would be right But I like to take it from a peak when you're coming down And from a trough when you're going up But look what's happened, Apple has got arch formation Dreaded H, what's the dreaded H? Dreaded H is When it comes down a straight line, tries to Straight line, I don't want to do your mind, use a letter Come down a straight line, tries to balance Fails at a peak A or a B And then takes out the left side low That's a dreaded H because it can go one to one to the downside Well there's your A minus because it failed There's your A minus because it failed And that's just saying Apple is not very strong right now It is trying to find a base Okay, that's Apple, so where would I find a base? I'd say the 163 to 161 area is going to be really important If we don't make some kind of a tradeable low in the next few days Which my time sequence is telling me is a possibility But I'm not going to go there until I have more evidence And I have to wait for Friday's close If I'm looking at weekly charts And there is your inside track propellant The propellant zone right there So will Apple use that to rally? We don't know But it's not looking very good right now All the technicals are already quite poor Now let's go to Amazon, Amazon right here Fabulous move up, oh and it's increased Now that's really what you want to see So what do we have here, we have the channel We're falling axe formation You see these highs right here? Look at that, beautiful, how could you even How did these things happen? It just amazes us when we do technical analysis The symmetry and the things that happen over and over So if it breaks above that next week And starts to close in the 132 to 131 area That's going to be really positive For Amazon on a short-term basis If it starts to stall and that stall says Oops, right now there's a green January of Roman candle If at any point in the next It's a weekly chart so I'm going to say in the next two weeks If there is an inter-day move For, I'm going to make it a long time But for two hours below 122 It'll retest the low that was made And that low was yesterday In 190 So that's Amazon The right guy's acting very well This is the savior for the market Because 90 and moving average Hasn't crossed negative in the weekly chart So as we go out I want you to look at GE Just it's not one of the seven But it's pretty important stuff We're going to give that Wow, I'll be back 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? 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Where did it go? I didn't finish So Netflix, NFLX There we go, Netflix Holding very nicely Big gap up Holding the gap One of these things We've just decimated it On the way down And then had a really good rally How they hold over the next week Is it going to be so important Netflix is going to happen Netflix there Oh, Meta Meta is trading right now It's got a It had a Channel Wave Roman candle yesterday Look at that Beautiful Roman candle And today's the day Now the rule of this is If it went to the WIC Halfway into the WIC For a shorter period A shorter time frame There's a real A whole hell there Got to be careful Because it can easily test The left side low In this case If it can close above The high of yesterday For two out of three sessions It says You can go quite a bit higher And we're going to be watching That's the Meta up Seven right now So with that said Through the session Even though I was feeling a little Flu-ish After taking the shot To stop the flu So what can I say Have a wonderful rest of the weekend And check out my opening call My daily newsletter And thank you Just thank you Thank you