 let me just actually go to this in my opening call for subscribers every day I'll show the DAO chart I give an analysis it really applies to the other indices as well and I give my traders corner which is just the list of all the positions we have what I'm looking for quick synopsis of where we are and what we would like to add what what our market indicates etc and then all the all the different positions we have so I'm just showing this is forget about all the stuff on the side basically this is a screen I use with these three panels and it shows the DAO and what I said yesterday was that there was there's a technique that I've developed over the years called the Chapman Wave Roman candle basically it's a long wick with a body and sometimes it's a red candle sometimes it's green but the principle is the same if it occurs at the top watch out if you take out the low if it occurs at the at the top and the price holds in that wick the long wick for about 60 minutes there's a good chance you're going to test the high but you can see this candle so we'll be short the DAO for about two weeks now actually the last short was about a week and a half ago a week ago and we've held that short position and that's obviously doing well so I'll show the daily chart and 120 minute chart in the Chapman Wave we're always always looking for the fourth highest peak we label them peak A is the first peak B is the second the higher peak is peak C and then peak D that's where other things can happen you can see we've got that peak D right there look at that sharp pullback that was down 743 it hit 38,927 yesterday with an all-time high this is the same thing but here I have some technical indicators which we use and here's the 120 minute chart it too it made a peak D so that just said to me there's a really good chance that they could have some kind of a pullback how deep a pullback well what I was looking at is for a couple of weeks now actually it's more than that but essentially over the last two weeks and especially this past week I've been talking about round numbers I've been following round numbers a round number is if the price I used to follow this on the Dow when the Dow closed unchanged which is very rare it did that back in 1987 when there was a it made a top and I was hand charting at the time and then it pulled back and then it had a rally and it had an exact zero percent change and I said if the market's down 60 points or more that was a lot in those days tomorrow this is a really serious decline so I've learned about the zero percent changes and so yesterday I was talking about the different uh uh numbers that we were looking at but there's a one that really struck me it's called the RSP and that is the this is you know talking about the Dow sorry the S&P 500 well this is the S&P 500 equal weight ETF so to get an index to have a round number it means that all 500 have to do something to get that round number it is so rare so yesterday the S&P equal weight made it a high all-time high of 160.53 and as I'm looking at it in today I see it had 159 because 159 was the open price 159.00 it went up to 160.53 one and a half points higher and then it closed just a little bit lower than that and today's trading at 156.18 down 3.83 and that just said to end was a leg F in the weekly chart so I'm looking at this and I'm saying all right this is something serious so we actually for subscribers who are short the S&P even more important is when you're looking at I let me just find it look arm you was mentioning arm a moment ago arm is an incredible company now this is in the semiconductors it made a round number it's tutel tutel just messing around in the in the 70s just a week ago right it screams up to 164.00 round number high yesterday trading now at 121 yeah these things don't just happen in a vacuum SMCI another and yet the similes are actually holding not too badly today I'm watching things very closely so yes this is super micro company semiconductors I come on let me get this there it is so look what happened it screams this is the same thing just a week or two ago it's down in the 400th it runs to where 810.00 yesterday and look at all the round numbers even today it had an 800 high so I don't take these things for granted I've been studying them the round numbers for years and the number I mean you can even the GBTC which is the GBTC is the Bitcoin trust that's a bit coin if I can just get this to go there it is that had a 43 round number yesterday and it's trading at about 43.86 right now so when you see it says to me that fund managers are so nervous right now that they have a degree there's a degree of hysteria that they've just got to grab everything they can I mean even I had look at yes GGG who knows about GG it's called Greco it's in the it's in the fluid management products packages that had an 88 round number and now it's trading at 86 at an all-time high so I take these things very seriously and I'm not sure it means that everything's going to go down very sharply but look what we got today and it just says to me that fund managers have a degree of hysteria they're grabbing whatever it is just putting in the round number getting in getting out some of the stocks had round number highs and round number lows over the last two days and that just I don't think I've seen this until maybe I had seen it back in 2000 in the dot-com bubble but I am saying it's something I respect and I think that there's going to be some kind of volatility here and but unless the estimators and semiconductors which are trading only down five and a half at 197 unless they really start to tank this this could just be a what's a well needed respite where there's a breather but I am taking it quite seriously because it's so rare to see this number any stock that anyone mentioned over the last two days I pick it up there was one that just a month oh you you mentioned stld you always look at the stld well guess what it had it had a high yesterday but the day before it had 125 round number yesterday's high was 126.13 is trading at 117 right now so that all just happened that just happened in a vacuum and that's just telling me be a little careful here because there's a consolidation unfolding you've got to take it seriously and the dollar is running we've been long the dollar for a while absolutely dollars doing very nicely basal thank you so much uh just fantastic as always folks seriously come check this out the opening call newsletter basal thank you so much thank you jakey take care have a great day folks stay tuned we'll be right back