 The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Traders Edge Now Steve Rhodes Good morning folks. Welcome to the October 4th, the wonderful Wednesday edition of today's Trader Zed Show. I'm your host Steve Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. Hope everyone out there is having a great day. Let's make sure we have an extraordinary one. Now the easiest way to do that is to always remember that life is happening for us not to us. That's right when you and I make that one little two by four shift means we can find the gift in every set of circumstance that life is going to toss at us. Now today you and I we're going to go check on the circumstance of these markets. We'll go figure out what those bulls and bears what those buyers and sellers are communicating to you and I at just past 11 o'clock in the morning. I want you to know I'm absolutely grateful for your presence here but even more important than that and that's this during this next 53 minutes I am here to serve you so feel free to pick up that phone dial on in at 877-927-6648. Now if you've got a question that you can't call in you can send me an email send that off to Steve at tfn.com inside the subject heading please put radio show question of course if you're inside our Tigris then well then any and every ping we'll do so let's go ahead and get this show started on wonderful Wednesday of course this is tiger financial news network I'm Steve Rhodes welcome to the show we got a mixed bag out there the mix is going like this is dows off 61 the s&p is flat it's up one points nasdaq is not flat up a half a percent or 81 points the Russell's not flat it's down 14 that's eight tenths percent to the downside semi stuff a quarter percent about 10 points trend is off 81 that's a half a percent we take a look at gold's off three bucks right now silver's down 32 pennies that's a one and a half percent move to the downside lights recruiters off three and six tenths down 32 trade out of 86 oh one you've got natural gas up six pennies in a 30 year treasury of 19 ticks printed at 11008 leading the charge dollar wise the upside you've got azimil holdings up 11 bucks that's two percent tesla about ten dollars nearly four percent martin marietta about ten dollars a little over two percent lamb research 888 that's a good number it's up about one and four tenths percent elie lily up seven bucks to the downside it's the oh i8s the vanak oil service etf of 12 and a half bucks northward grumman down 13 helen of troy down nine pioneer natural resource up pioneer natural resources down eight and chart industries off about eight dollars as well but let's begin we saw we saw that little rally inside the market started at 3 30 this morning as europe was coming online of course everybody out there was watching that spot follow to next yesterday had that one day rate of change greater than plus 10 percent we get that one day rate of change greater than plus 10 percent we get a bounce or bottom during that next trading session and most certainly that's what we saw out there why did price stop where it did excellent question there's a couple answers that question let's go take a look at the bigger answer and we'll take a look at the daily charts when you look at the us dollar index and its components out here so we're going to switch over to that we take a look at the us dollar index that's the bottom right in fact i'll just expand it out that's the only chart we're looking at right now what we saw so yes there was a very small body candle so it becomes very easy to create a bearish reversal candle today to confirm a roach metamindicator top this is a really important top out here if in fact that comes to fruition but more important than that it's going to be so you can see that the td9 count was negated i'm gonna get rid of that just so nobody's paying attention to that 106.54 level so now we've got a clean chart out here so the key area here is going to be that oscillator and change line now if you're going to ask me why does that work you can't tell you not because i can't tell you but because i can't tell you what i do know is it works that's just like electricity i know it works i can't really tell you how it works but i do know it works out there well that's the same thing with this oscillator and change line a green oscillator and change line tells you and i that market conditions for the us dollar index are bullish why because it's a rising price oscillator below above zero why did i create this line to begin with it was because i want to understand when to retrace but was nothing more than just normal moves and wasn't giving us a change in trend signal or anything along those lines and 106.45 is the level to be watching well as the us dollar index was testing a key level of support turns out that the euro is testing a key level of resistance this is probably what it all boils down to which is the euro because it's 57.6 of the weighting inside the us dollar index and here we can see it's got a beautiful td9 count bottom and it did what it's supposed to do once it forms a bottom pattern and that is take print in this case here take price up to its oscillator and change line now because it's red it's the exact opposite of green from a meaning standpoint from a color standpoint i can't tell you what the opposite of red is but i can't or the opposite of green is what i can tell you is that the conditions here tells we have a falling price oscillator below zero now because we have a valid bottom that puts the euro in a neutral position now if we get a now today would be the the day when this pattern will complete out there which means we could see a lower low and a td9 count would still be in effect you've got wave number seven as well as long as we don't take out yesterday's low that pattern's in place does it make difference that we have two potential bottoms versus one it doesn't matter at all what matters is whether or not price can close above that oscillator and change line that's currently printed 1.0514 until it does that all rallies are going to fail as long as the dollar and the equity markets remain coupled together now if we take a look at the second currency pair that rejected its low out here now there's no bottom signal that we have inside of the great british pound none really whatsoever however i actually i could put an a to b equal cd pattern so it's got a a to b equal cd pattern if it generates a bullish reversal candle right now it's a bullish engulfing it's a key reversal easy to do because that small body out there from yesterday but the key thing here for the great british pound is going to be about 1.2135 now you can't use that exactly but you can watch that area price closes above that red oscillator and change line that tells us that we may see a further we should see a further retracement rally in this case here retracement up rally up towards the 1.2506 area but as long as price remains below a red oscillator and change line out here uh that's a bearish signal for it that's a bullish signal for the us dollar index out there is there anything else that we need to cover on those charts i don't think so so we'll go ahead and close those out i'll see where it takes us to next where it takes us to next is this set of charts so now we're down to the intraday charts now the beautiful thing here about the e s many uh this morning when it formed that bottom that dollar the 30 minute equity future contracts generated rosemont dominicator bottoms at 330 as europe was coming online that rally lasted until we got to the td9 count top at 9 am out here that td9 count top is held we've seen price pull back if price takes out that high that high being 42 82 you can expect even higher price in fact you would get an a to b equal cd to the upside the nq also formed a td9 count top but it negated that signal at 10 am so it's uh it has the potential to form an a to b equal cd to the upside it'll accomplish that task with a close above 148 50 we take a look at the doll also a td9 count top that says that the key level of resistance here for the day on an intraday basis is going to be 33 297 the russell also a td9 count top that says it's high of its pattern the level we'd be watching there is 1748 20 to the upside to the downside it's going to be the low of the session out there if we see those lows get taken out that tells us we had much lower we take a look at these 30 minute time frame charts we didn't talk about the yen during that uh well we did talk about the yen another level that the yen needs to break we can see this on 30 minute basis is 148 81 level this is a 30 minute td9 count breakout area we've had price pull back and test this a couple of times out there a very strong area of support so if the yen is going to get stronger meaning the us dollar index weaker you need to see it closed below 148 81 steve roge with tf and n we'll be right back 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 keg stats tiger forex report teddy keg stat 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 when you sign up for the tiger forex report you also gain instant access to teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today visit the front page of tf and n dot com tf and n educating investors 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 like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tf and n dot com the opening call newsletter is written by basal Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal Chapman and your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tf and n dot com educating investors steve rhodes started his trading career as a student almost 20 years ago and the student has now become the master steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment steve rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter mastering probability and you'll receive access to seven of steve's educational webinars absolutely free at tf and n all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about visit tf and n dot com and try mastering probability 30 days risk free today tf and n educating investors toll free at 1-877-927-6648 internationally at 727-873-7618 back up folks we still got a mixed bag out there the mix goes like this what's going on with my chart here you've got the dow down about four four points right now es many our s and p is up 10 sdx up about 121 russles off 12 some as our 21 points out here kind of delaying this because i had to re reduce some charts out here just to get going so let's get into our next segment here where we take requests from each of you out there in the first request actually came in late yesterday it was from pic he got into a position in dollar general dg is a turk assemble so he's looking for a little bit of help here now we take a look at dollar general what it actually did yesterday was it confirmed a rose meant to mitigate her bottom pattern that nice little bullish engulfing candle out here so vick right now your battle ground areas you've got support at the 104 when we see this 104 61 104 61 is the bottom of its new profile now this is a slightly bearish structured profile so the cells own out here where your sellers are at are between 107 a 107 28 and 108 62 on a weekly basis bar number eight of a td9 count is going to complete this week that says next week you could get a td9 count bottom so longest price closes below not a weekly basis 115 68 the monthly chart is also completing a td9 count bottom pattern this month so i like the setup that we have out here just know that you're running going to run into resistance in that 107 28 108 62 area so hope that helps you out vick with regard to that thanks for waiting today your email didn't come in until i was done with the show so if folks if you are sending me an email for requests out there please send them early i can't control what the isps do out there and of course if you don't get they don't come in on time or i get tied up maybe with a call or something like that you know i'll do my best to make sure that we get to it on the following trading session out there so that's it vick with regard to dollar general s and p inside the tiger stem he's got an interest inside of natural gas we're going to go take a look at the natural gas multi time frame charts out here on a daily time frame when natural gas is dealing with and struggling with it's got a wave seven bottom that's letter g just a very small portion of the chaplain wave now what it's dealing with here so it's we don't know if it's going to close above the center of its uh bowler structure daily profile but if it does and that center is at 2.969 they've closed it back underneath that that's a bearish situation but it's still running into resistance up here at the top of that profile so the next area of support or resistance i should say 3.072 if price can close above that then what we're looking at out here s and p is to move up towards a 343 level the td9 count break down level now let's look at the intraday charts out here see if we've got any kind of signals to be aware of the 60 minute time frame chart has got the td9 count top so i'm just simply going to expand this out that's what i would be paying attention to s and p so right now you've got a td9 count top whenever you get a top all it tells us is that price is going to or should pull back to start testing support levels if it breaks one level of support it should go to the next and so forth if we just test the level of support rejects it and then what was higher in this case here it's a td9 count top or take a look at that would be a bullish condition it's especially bullish because it's a green oscillator and chains on now price has not gotten down there yet there is at three dollars even steven we're at 3.012 out here so i would watch for that type of a test if price closes below that then and if you're looking at add to a positionary believe that this is the bottom then where that ad would come from so the second ad would be a 2.976 that is the center of its bullish structured i'm sorry center of its bearish structured uh 60 minute profile out there so things look good pay attention but you've got these battles out there you still need that close one the top of the daily profile in order to free itself up now what we did take a look at was the longer term signals out here inside of natural gas there is a buy the d-point pattern that is still in effect out here that took place in june of 2023 out there and only a close below that low which is 2.825 for the november contract would negate that signal we have a bolsage candle form last week that bolsage candle confirms a roadsment indicator bottom on the weekly basis now price is struggling at the bottom of its profile which is 3.012 so you got a lot of battles out there do we have bottom signals the answer is yes we've got one on the monthly we've got one on the weekly the daily has got a wave seven bottom so yes you've got three bottom signals now it's all about resistance but i think the first thing it's going to be about uh out here smp is going to be that 60-minute time frame chart so hope that makes sense to you i hope that helps you out with regard to what natural gas is doing let's go to our next week question let me close these charts up out free up some resources we're going to go take look at the gdx for hector and hector's question is really about the a to b equals cd to the downside pattern out there so let me do this here i'm going to switch over first what i'm going to do though is i'm going to change oops that didn't work out real well there's changes to one of the next oh no what did i do i hit a wrong button on uh on my screen out here and so now i've got a way for these charts to populate not exactly what steve was intending to do in going to take a look at the gdx with hector in fact let's just switch up panels right now let's go take a look at the a to b equals cd patterns we'll set that up on the e signal the black background charts out here so give me a moment just to get over there we'll punch in the gdx gdx see what it is doing out here well that's in place let me get back to what i really wanted to do earlier and that was to put bowing in b a is the ticker symbol so with regard to the gdx i'm going to expand this out and what hector and patty are looking at is the a to b equals cd to the downside patterns let's go ahead and draw that in the a point pretty easy to identify it's the high uh the charts that were taken look at that high let's just get this data box over here we'll just simply make sure so the high that formed on may 4th was 3626 the high that was out here on april 13th 3610 so we've got our a point out here it's going to be the high uh so we've got that high which is 3626 on may the 4th the b point pretty easy to identify now the bark has done all the workforce that b point is june 29th and the c point is a rally up into the july 18th level about a 55 retracement so the one to one a to b equals cd pattern for the gdx would get us down to the 2543 level so the question is is today's low which is 2562 close enough to 2543 and that's a question i haven't been able to answer does it get you know i'd be i'd be more comfortable they got a little bit closer to 2543 than this but it's possible let's say that this is the um a to b equal cd it's close enough out here well what's needed is a bullish reversal candle and that's really where the question from hector comes in his question is how long how many days after a a to b equal cd pattern completes can you wait for a bullish reversal candle there is no time limit his question was four to seven days sure four to seven days works as well as anything but there is no time limit when we take a look at the a to b equal cd pattern out there so that's the first thing the question the second question though like we just asked earlier was is this close enough and again until a bullish reversal candle forms we really don't have to necessarily answer that question i'm trying to multitask here i'm probably doing a really poor job but hopefully the words that are coming out of my mouth make sense uh but we so we really don't have to worry about that signal just yet with regard to the gdx regarding it's by the d-point pattern because we don't have a bullish reversal candle and that is certainly what's needed to at least confirm that pattern out there so what we want to do now next well let me just see if there's anything on the weekly or the monthly charts out here worth noting on a weekly chart we have a sell the deep we have an a to b equal cd pattern out here let's go ahead and type that in it's going to come out i believe to the same levels what we're going to do here is just simply oops didn't do that well we're going to simply take a look at the volume as uh prices passing at b-point was that a confirmed a to b equal cd to the downside the answer is that b-point had volume of 101 million it was passed with 80 million last week was passed with 120 million 120 million so yes there's a confirmed a to b equal cd so now actor and patty the question is do you wait for a weekly bullish reversal candle to confirm a garly buy pet zero 20 f and n hope you're right 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 obrien 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 buysell recommendations the gold report new subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to tom obrien's gold report newsletter now at tfnn.com sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get 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and tigers for just one dollar for the year there's no cash or added costs when you join our community of traders in the tiger's den you can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs and join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com 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 welcome back folks let's get back to those gdx charts out here we take a look at the gdx out here the other pattern that's in play right now today is the completion of a td9 count bottom so to a certain extent we have to rebuy the a to b equals cd pattern well we have to be aware of it but that's not necessarily what might be the bottom it just simply might be this td9 count bottom pattern well it's also wave number seven but i think it's more like a c out here but that that doesn't really matter you've got a wave uh i got a wave you've got a td9 count bottom that's going to complete today now what should take place is probably should at least bounce up to that oscillator and change on that's around 26 97 or so of course in order to do that we're going to need to see gold turn around which means we're going to need to see the us dollar index fail out here um and i don't know now in a monthly base we cover the daily in the week then the monthly basis prices pulled back to an area of support which ranges from 23 53 to 25 54 so hope that covered the gdx question for you hector and patty if not right back and i'll be happy to get to it and thank you so much for the request let's get to dan request a to b equal cd inside the tiger's den he wants take look at sabah his question specifically was about the intermediate term charts um and the intermediate term charts as far as a weekly chart dan it's only wednesday but right now what you can see is you have what looks like a confirmed roachman dominicator bottom in order to do that we need a bullish reversal candle at the moment it's a bull sash it's only wednesday at 11 30 i don't know to look like it friday at four but you're off to at least a good potential start there i don't know if it's um baiting you i don't think that it is the reason i don't think that it is is because we saw price pull all the way back to its daily breakout level that was established by that td nine count pattern was also a test of a swing point the swing point out there had volume this august 22nd 662 000 shares it was tested with 683 000 shares so it was tested with more volume price was still testing that swing point didn't get all the way back down to the bottom of that august 22nd swing point on that next session price right now is trading above the top of its daily profile which is 1763 so that's off to a good start and that says that maybe what sob wants to do is get up to 21 80 lastly on the monthly time frame chart not i don't know if it's lastly but on the monthly time frame chart you have a td nine count bottom is going to complete this month the month of october so if you're asking are there bottoms the answer is the weekly likely won't know till friday the monthly absolutely the daily yes looks like it has a bottom because price pulled back to that level of support steve just holding fully paid for a long-term got go big or go bus well i don't see the go bus signal out here inside of sabba and it's uh it looks nice so if we take a look at consecutive moves higher and lower out here we take a look at sabba today is going to become bar number three of a move higher so this tells us we should prepare for a likely retracement out here in sabba dan we can see that typically is a two to three bar move higher there are a couple of four consecutive moves such as the one from back on may the 11th there was a four bar move into april the third there was even a five bar move into march 16 but you are getting close to where this is likely to back off a bit out there but again you're into it long term but yes on the intermediate the monthly even the daily you've got bottom signals out there so all looks good i hope that answered your question if not please let me know and i'll be happy to try to find that answer for you let's go to our next request is coming in from the tigers den it is from flech and flech is looking for an entry into bowing ba is a ticker symbol so bowing negated a td9 count bottom a couple of days ago there is an a to b equal cd to the downside so you'd be looking for a here flech would be a bullish reversal candle we don't have one as we speak at 11 34 and maybe we're not going to get one i do see a wave number seven pattern that has been confirmed but i would say in order for that pattern to be confirmed to tell you that there's any kind of bottom price is going to have to clear that oscillator and change line on a daily basis if i were to ask you this question how important do you think that oscillator and change line is and the answer that's right moig ronde it is very important very important out here that's currently printed 191 71 remember as price moves up and down that number is going to change out there i teach you how to calculate the oscillator and change i even put that on your charts if you've got some some programming prowess out there it's a really great tool but don't believe me believe yourself if we take a look at the weekly time frame chart you're only going to form bar number seven this week you've got a to b equal cd to the downside bowing maybe targeting and moving towards 132 21 level i'm not saying it's going to get there what i am saying is probably going to get back to the 181 21 level that is the bottom of its monthly profile which prices trading within as we speak right now let me populate these charts see what they say um not really much other than that other than we're trading below red oscillator and change line you remember when you trade below red oscillator and change line for whatever time frame it is you're looking at tells you about a falling price oscillator below zero and then we have to answer the question where's the next level of support well that next level would be 181 21 so yes you've got a wave seven pattern it's kind of weak out there it'll stay weak unless price gets above that oscillator and change line i know you're looking for an entry point right now i'd be more comfortable telling you around 181 21 would be the area but if you see a daily bullish reversal candle that would give you a buy the deep point pattern from the daily time frame chart out there so flesh i hope that that helped you out and please write back to me as price that gets down towards that target area or if you see a bullish reversal signal out there the next request coming from disle inside the tiger's den disle wants to take a profile levels for silver so he didn't tell me what time period so we're just something to pull up all of my multi time frame charge for silver let's assume that it was a daily time frame well the daily time frame is actually trying to form a new profile i don't think i can get that to appear let me just try this here let me just see what setting i've got on this as we speak right now um for nothing so i can't get it to appear here so right now on silver 2332 all the way up there is the uh is its profile level so price is well below that it's below red oscillator and change line it is going to form bar number eight of a td9 count today and that says that silver could form a td9 count between today and friday out there you have wave number seven that's in place out here you need a higher low to confirm that pattern you're asking for profile levels on my other charts just want to take a real quickly here silver december z 23 so i'm getting doing this on my black background charts which had earlier showed a new profile that was attempting to form that profile has now gone away at the moment on a monthly basis prices below profiles the next area of support on monthly basis down at 1916 for silver of course there's need to be equal cd to the downside and if we get a bullish reversal candle on the weekly time frame that would confirm a garly by pattern so the next level of profile support would be 1950 and that's coming from the monthly time frame out there so if you're looking for profile support it just doesn't exist that doesn't mean we're not going to see a bottom form between today and friday out here of course what would be helpful diesel is to see the us dollar index confirm atop close below that green oscillator and change line see the euro trade above and close above its red oscillator and change line say they see the same thing for the great british pound and that would then give us the the at least the energy behind a potential move higher inside of silver but that first target would be that oscillator and change line on the way up and that is in that 2228 level as we speak right now so diesel i hope that provided you with the information you were looking for as well and we'll go on to our next question the next question coming from david h and david uh let me get to his question came in by email so first let me get to the charts see where i put it i think i put and it's up it's uh ab goes what we're going to take a look at broadcom let me read the question out here it says steve oh why don't i just do that when we get back from this breakout here steve roge with tfn the question goes like this give me your analysis of broadcom i've got the 800 puts expiring on october 20th thanks david from panaman city let's go figure out where broadcom is headed to it 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 like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by basal chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not 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american and tsx under the symbol vgz folks so we take a look at the charts here for broadcom right now for take a look at the daily time frame what we know is prices trading below the bottom of its daily profile it is trading below its red oscillator and chainsline that's currently printed at 82707 so the very first thing that we can share with you david is that only a price closes above that 827 level would that suggest a at least a run for 835 with price below that area we're still trading with inside its swing point that's the swing point from september 21st volume there 5.3 million shares yesterday you close inside it with 1.8 million shares so price is pulling back but it's trading into that area with lighter volume out here so be careful there on a weekly chart what we see is prices trading below the bottom of its weekly profile it has done so for the last two weeks out there that suggests a change in trend and an eventual move towards a 601 29 level watch 833 53 a price closes back above that well then that might be generating a different piece of information for us on the monthly time frame the monthly time frame has got the best top out there it's a td9 account and rose mentor indicator top again two tops don't make a big difference here but the key area here is that 801 45 is support i know you've got the 800 puts out there that expire in a couple of weeks watch that 801 45 that is a key level of support you're really going to need to see price break below that close below that and if we do get that then we're looking at lower price out here when we take a look at broadcom what else can i assist david with when it comes to broadcom you know i've got a 10 minute chart let me just see if there's anything out here worth paying attention to on a 10 minute basis this is with that 1550 yesterday 350 in the afternoon you got a nice rogment in the indicator bottom why did price stop where it did my best answer to that is going to be that daily oscillator and change line just simply too difficult for it to handle as we speak right now so david i hope that that provided you with the information that you were looking for as well on broadcom thanks much for taking the time to write in the next request coming in from somebody inside the tiger center i forgot to put down the name but the request was to take a look at tg b out here and those are the charts that we've got up on the screen and i believe it was looking for an entry point if i'm not mistaken so what we're looking for here is a bottom signal in the daily time frame for to saco minds turns out that yesterday was the completion of a td9 count pattern that was you rye okay so now the only way this is going to give you a buy signal with regard to the td9 count pattern would be a close back above yesterday's low so the level to be watching at day's end is going to be 118 we're trading right now at 117 so this is telling us that there is no bottom that this stage here price on the other hand on a weekly basis of testing a swing point that's a swing point that could generate a very large a to b equal cd to the downside if price were to close below a dollar 18 and that dollar 18 level there were 4.2 million shares generated that week this week so far we're at 1.7 million shares out there we're about halfway through the week so you're coming into that level with lighter volume or so it appears but nonetheless still watch that 118 level we are trading one penny below that we close below that that sets up an a to b equal cd to the downside it's a pretty big one we won't go there just yet because we don't know whether we're going to get a close below that 118 level on the monthly time frame price is pulling back right now into its bullish structured support zone that zone runs from 104 to 119 104 to 119 what that basically means here is you're pulling back into support zone you'd like to see the weekly chart hold that swing point with lighter volume and then get a bullish reversal candle or a or just simply the td9 count bottom to hold in order to do that again you need to close above 180 well close at 118 would still do it but you prefer close above 118 today in order to get you in order to maintain that buy signal is that making sense let me just resummarize you've got a potential buy pattern because it formed a td9 count bottom yesterday price closed below that low that pattern is off the table but if it does hold then because price is tested in a prior weekly swing point with lighter volume that's kind of a slightly bullish message out there and then we're pulling into bullish profile support out there so that's what i'd be watching and if that td9 count bottom fails we're looking more like a buck four or perhaps worse than that so rye thanks for letting me know that that was you that had asked that question i hope that that answered in fact your questions out there the next question coming in from the tiger's den that's coming in from g motion and uh his question is about apple as we take a look at apple right now what it's dealing with is that oscillator and change line at 172 14 you close below that odds favor move back to test that swing point that formed a few days ago on september 28 now that swing point inside of apple did volume of 56 million shares today so far we've pulled back we've tested we're 21 million shares so it's got similar type volume out here do we have any kind of a pattern we don't now apple could form an a to b equal cd to the upside believe it or not if price were to take out the 174 30 level and if it could do that with more than 52 million shares is it possible that apple is bottom what we don't have is a bottoming pattern on the daily time frame is i don't think we do let me just expand this chart out now we don't because the a to b equal cd pattern out here would have to look like this it would look just like this we're going to draw the a to b point there's your a to b i just simply try to copy paste and assemble that's what a cpa is really good at we'll just see how good i am at that not very good apparently apparently i need to go back to class out here what is going on with my system i'm having some trouble here with the uh there we go with the uh mouse or the keyboard oh i'm still having that trouble all right so we're going to go with plan b out here with regard to apple so if i would just simply move this to the c point which was that td9 count top the apple's got a little bit further to go in order to complete that one to one a to b equal cd so no daily bottom we take a look at apple out here g motion but on a weekly basis we do we've got a erodesment to mindicator top and price found support where it should have which is a breakout level 172 now your price closed below 172 we're likely headed down towards the 147 level 147 happens to be the bottom of its new profile this new profile a monthly base that formed last month out there so back to the apple charts out here don't have a really warm and fuzzy with regard to apple on its daily time frame no new profile or anything along those lines and it has not completed a pattern out there but we understand why the weekly is held price up at this stage because price pulled back to its breakout level so i hope that helps out by the way that one to one completion zone would get you down to 160 371 to be exact so g motion i hope that provided you with the information you were looking for drew inside the tiger's den wants to take like a brain salad surgery that is is rg intuitive surgery out here i don't recall what drew was looking for maybe it was a bottom i'm not sure but as we take a look at intuitive surgical for its daily time frame it has triggered erodesment to mindicator signal much like hector and patty were asking when you've completed a to b equal cd how many days are there a certain number of days before you know that it needs to form that bullish reversal candle and the answer that question was no the same thing with the roads meant to mindicator signal you just need a bullish reversal signal so if it were to get that that would confirm a roads meant to mindicator bottom price on intuitive surgical is trading back into a swing point this is the swing point that existed from uh september 12 the volume there was 2 million shares so far today what do you have done is 239 000 shares so pulling back with light volume there's another swing point that is also testing that's the one from back here on august the 21st that swing point at volume 1.7 million shares a test rejection of that high 268 i'm sorry 286 88 means you'd have to close above that 286 88 could be a bottom signal inside of intuitive surgical because it's saying telling you you can't bust out the lows it doesn't have enough volume out there on the weekly time frame we'll take a look at the weekly and the monthly we'll get back to this break this the last request that i have that i know of steve roge with tfnn we'll be 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50 then you'd have an a to b equal cd to the downside on the weekly basis on a monthly time frame prices is consolidating with inside its monthly profile it's below its green acid and change line tells us its lost momentum so watch the daily chart out here first that's the most important one right now if you had a bullish reversal candle you'd get a roach mint and indicator bottom and that would or should take price up towards a 306 310 area to finish out the show we're going to go take a look at mosaic m.o.s uh and uh mosaic out here right now is testing at second breakout level on a daily basis at 33 69 there's no bottom signal that we have we do see an a to b equal cd pattern let's just try to draw on at least the a to b leg out here i've got to do it on the right chart okay so here's a to b i'm just going to simply move that over to the c point out there that would be right here and so you need a bullish reversal candle to confirm a buy the d point pattern the weekly chart shows that price is trading below profile right now and into a swing point from june 2nd that swing point has volume of 24 million shares this so far this week has done 7 million shares so you are pulling back with lighter volume nonetheless if you close inside that swing and to close inside that swing would be below 33 67 at week's end odds favor you're still going to go down and test that low so that's what's going on the side of mosaic folks thanks so much for all the requests out there please stay tuned for all the great program we've got lined up for you i'll be back with you on terrific thursday please have a wonderful wednesday be safe out there