 Let's get over to our mammoth to Steve Rhodes as we do each and every Monday at 20 past the hour. And don't forget folks, Steve has an outstanding show here every trading day, one to two Easter standard time, also a great newsletter, Mastering Probability. Now it's very easy to get Steve's newsletter. Come over to our website at TFNN, you just hit Newsletters, you're going to see Mastering Probability on the right hand side, the top, you just hit Subscribe, you can get Mastering Probability for one month for $149, you can get it for six months for $6.95 which is a savings of $199 or 22% and you can get it for one year for $11.95 which is a savings of $593 or 33%. Now they all come folks for a 30-day money-back guarantee. So come on over to TFNN, hit that newsletter button, hit Mastering Probability, check it out whether it's a month, six months a year, the bottom line at the end of a month you like it, you're going to be charged, you're going to be charged away. If something doesn't work for you, guess what? No questions asked, you get the money back. So you get a month, six months, a year. Steve Rhodes, let's go on. Well I tell you, I do like the three-day weekends, maybe we can get a few more of them. It's so true, it's unbelievable, isn't it? Yeah, we got to get in touch with the guys at the NYSE, a few more Friday holidays on there. Seriously man, I mean there's no doubt. What do we have, like five days off a year, something like that, five, six days a year? We don't have a lot and I think, let's see, it's, well we get July 4th next. We just, unfortunately folks, it's the beginning of the year, we just blew through most of them. That's what ends up happening. Exactly. Exactly. Hey, nice call. Nice call on talking about the markets getting back to flat or negative out there. So kudos to you on that one. And you know, normally I put together a full presentation. Today I'm just going to talk about some of the observations that I saw take place as we were coming to the close on Thursday. But first what I thought I would do is, this is one of my favorite gold charts. I've got many favorite gold charts, but this is one of my favorite gold charts to help me understand what gold is doing and the reasons why. And the first thing that I want to point out here is that the purple horizontal lines, each of those match prior highs all on the same day. And that's really important when we take a look at gold priced in major currencies. And folks, that's what we're doing. The very left-hand panel is gold in dollars next to that gold priced in euros, then gold in yen and gold in pounds. And the reason why we want to take a look at this or the reason that I want to take a look at this is if I'm sitting in Japan and my local currency is obviously yen, even though gold is priced in dollars, I want to understand what gold is doing inside of yen. Now the purpose of those purple lines out there, and this is a cool thing, is that my studies, when I go back and take a look at historically, when gold tops out, is there some kind of pattern associated with it? And one of the patterns, Tom, is it'll top out in all major currencies on basically the same day. Now because of time zones, it could be off by a day, but basically it all occurs on the same day. And we can see here where these previous highs were established, like in 2078 in terms of gold priced in dollars here, but it's really the yen that I want to focus in on. Price, in fact, pulled back in all major currencies, but on the trading day of March the 24th, gold priced in yen took out that prior high. That was a signal for you and I that the move higher in gold is not over. Now you already come to that conclusion yourself, but this is a nice little confirmation here because, again, gold can't make any major tops, or it hasn't made major tops in the past until price tops in all major currencies. So here you're at a all-time high in terms of yen. We've got to get to new all-time highs in dollars, euros, yen and pounds before we can potentially get to a significant top out there. So I just thought I would throw that out. Yes, hey, let me ask you. So as I'm looking at this, keep those up. I'm sorry. I'm going to. Okay, so the second one, right? Is the second one euros? I just can't see it from here. It is. Yeah. So it would need 1837 euros to buy an ounce of gold. Yeah, I get it. OK. You know, 1985, you know, not counting premiums and stuff like that. Right. No, no, no, no. OK. Yeah. And you need 252,000 yen to buy one ounce of gold, right? You know, but that's their currency. That's the way that, you know, their currency is trade out here. So so longer term, I'm not talking about what gold is going to do tomorrow or the next day, but longer term, what this chart is telling us is that the move higher in gold is not over. Right. So, you know, so that's a cool. No, I like that. I can see that. I guess because it's yeah. And the end, man, holy cow, man. Yeah, yeah, yeah, that really hit an all time. And that's because the end is getting so weak. Interesting. Exactly. Exactly. So, you know, and that's so some of this is currency related, but it's really cool. You know, so so on days where it doesn't make sense what gold is doing, I immediately come take a look at this chart. Right. And typically what I'll find is gold's moving higher and maybe two currencies lower in two currencies. So you have natural buyers, natural sellers. And that's why we typically will see, you know, sideways-ish type day out here. So longer term, this is what I see now. What's interesting, Tom, about the markets in Thursdays, typically, you know, on a Thursday going into holiday, you wouldn't expect a whole lot to take place out here. However, what did take place? And we take a look at Apple. Apple actually confirmed an A to B equal CD to the downside. It got below on Thursday, close below 16550, which was the B point of an A to B equal CD to the downside. It did it with volume. It was like 75 million versus 70 million or something along those. I see it. Yeah. Cool. Oh, baby. Here we go. Yeah. Now, as you know, now it would make it much easier if Apple stays below 16550, the B point. Because if it gets back above that, then we've got this complex potential A to B equal CD pattern out here. But if it stays below 16550 folks, Apple has a confirmed A to B equal CD. That should take it down to maybe 157, 153. Those would be the A to B equal C or two A to B equal CD price targets out there. On Thursday, Apple also negated one of my bottoming signals, which was a TD nine count pattern. Now, so we've got reasons for Apple to continue to move lower. I think I and I've heard your show a couple of times or segments of it. And I believe that you're thinking that the markets are going to continue to move lower. So here's some proof for you, some evidence that supports that thought process. And that's my thought process, too. Another potential price target for Apple would be 15446. And that's where I have it as the breakout level began. Last Thursday, Nvidia, another one of the top weighted stocks, I might be number five or six inside the NDX100. It negated its TD nine count bottom pattern. So that's suggesting that it wants to make a move down to the 211 22. Now, it already did that today. It did that and it and it tested it. I believe it did that and it tested it on lighter volume out there. But that does not necessarily mean that we've got a bottoming because it's bottoming pattern failed on Thursday. And then when I take a look at the semiconductor index, it negated its TD nine count bottom pattern on Thursday as well. So in each of these, it was just by a smidgen, but it was enough to go ahead and violate the pattern to suggest that we would have lower prices out there. So now there's several TD nine count bottoming signals that are under attack or have been under attack today. So the levels that I want folks to pay attention to in the S&P cash, if there's a close below 48, 3124, that says lower price. The NDX100, a close below 13, 8, 84, 82 were headed lower. The New York Stock Exchange, 16, 419, 08 and the NASDAQ composite, the numbers 13, 317, 74. Now, folks, I'm not saying it has to do that today, but if we do get closes below those levels, that is going to indicate to us that we had lower out there. So those are the small little nuances, Tom, that I've seen out here, go ahead. And you know what's so cool about that, folks? OK, is that if you follow Steve, right, these TD nine counts are pretty consistent, right? They are. Yeah, absolutely. So when you have under attack, like he's talking about right here, it's pretty cool, man. I mean, and listen, you know, we all know we don't have a crystal ball, right? But you bring the probabilities up, OK? And folks, it's really easy to get a newsletter. Come over to our website at TFNN, hit newsletters on the right hand side. You're going to see Mastering Probability. Check it out. He has these numbers in his newsletter every day, folks. So what Steve just talked about, they're right in front of you. You have a great one, a safe one, Steve. We look forward to showing them out. OK, man, have a great one. Stay right there, folks, we'll come right back.